ICICI Bank trades higher on the BSE

ICICI Bank is currently trading at Rs 1732.80, up by 43.70 points or 2.59% from its previous closing of Rs. 1689.10 on the BSE. The scrip opened at Rs. 1690.00 and has touched a high and low of Rs. 1739.20 and Rs. 1678.50 respectively. So far 189166 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1715.00 on 13-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. 1703.95 and Rs. 1663.05 respectively. The current market cap of the company is Rs. 200521.72 crore. The promoters holding in the company stood at NA % while Institutions and Non-Institutions held 63.44 % and 7.46 % respectively. ICICI Bank, India’s largest private sector bank, is planning to introduce the NFC (Near Field Communication) based credit and debit cards in Indian markets. The NFC technology will make it super easy and fast to make payments - without having to swipe or dip your cards at the POS machines at malls and shops. All the customer will need to do is just bring a card very close (2cm) to the point of sale machine in order to make the payment. The bank will introduce these cards in Mumbai, Delhi and Hyderabad and has already tied up with 200 merchants that include shops and restaurants. 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.