ICICI Bank rises on entering into partnership with Ministry of Road Transport & Highways

ICICI Bank is currently trading at Rs. 1637.90, up by 12.45 points or 0.77% from its previous closing of Rs. 1625.45 on the BSE.

The scrip opened at Rs. 1628.00 and has touched a high and low of Rs. 1641.25 and Rs. 1612.20 respectively. So far 86403 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1641.25 on 03-Nov-2014 and a 52 week low of Rs. 944.25 on 04-Feb-2014.

Last one week high and low of the scrip stood at Rs. 1641.25 and Rs. 1561.00 respectively. The current market cap of the company is Rs. 189158.93 crore.

The institutions and non-institutions held 63.44% and 7.46% stake in the bank, respectively.

ICICI Bank, India’s largest private sector bank, has partnered with the Ministry of Road Transport & Highways, National Highway Authority of India (NHAI) and Indian Highways Management Company (IHMCL) for the launch of the Electronic Toll Collection (ETC) programme on the National Highway 8 (NH-8). This service enables motorists to pay tolls electronically without stopping at the toll plazas in the 1428-km highway which connects the country’s national capital Delhi with financial capital Mumbai.

With the Ahmedabad - Delhi corridor of NH-8 being brought under the ETC programme, the entire highway is now covered by this programme. The Bank launched the ETC programme on the Mumbai - Vadodara stretch of NH8 and Vadodara - Ahmedabad Expressway last year.

ICICI Bank is India’s largest private sector bank. ICICI Bank’s subsidiaries include India’s leading private sector insurance companies and among its largest securities brokerage firms, mutual funds and private equity firms. ICICI Bank’s presence currently spans across 18 international locations.