Free Download Report On ICICI Bank Limited.
Introduction of ICICI Bank
ICICI Bank Limited is an Indian multinational bank and financial services company. The headquarters is in the city of Vadodara, India.
It offers a large number of banking products and financial services for corporate and retail customers through a range of delivery channels and specialized subsidiary companies in the areas of investment banking, life and non-life insurance, venture capital, and asset management.
The bank has a network of 5,275 branches and 15,589 ATMs across India and has a presence in 17 countries.
History of ICICI Bank
ICICI was founded in 1955 under the leadership of the World Bank, the Government of India, and representatives of Indian industry. The primary objective was to build a development financial institution for providing medium-term and long-term project financing to Indian businesses. Until the late 1980s, ICICI mainly focused its activities on project finance, providing long-term funds to a variety of industrial projects. After the liberalization of the financial sector in India in the 1990s, ICICI reformed its business from a development financial institution offering only project finance to a miscellaneous financial services provider that, as well as its subsidiaries and other group companies, offering a wide variety of products and services. As India’s economy became more market-driven and integrated with the world economy, ICICI capitalized on the new fortunes to provide a wider range of financial products and services to a broader spectrum of clients. ICICI Bank was established in 1994 as a part of the ICICI group. In the year 1999, ICICI became the first Indian company and the first bank or a financial institution from non-Japan Asia to be listed on the New York Stock Exchange.
What makes ICICI Bank Limited. a good bat over the long term?
- The company has been constantly maintaining a NIM of 3.08% for the last 3 years.
- Good Capital Adequacy Ratio of 16.11%.
ICICI Bank reported 25 % year-on-year profit for October-December 2021 quarter at ₹6,194 crores, while net interest income grew by 23 % to ₹12,236 crores in Q3 FY22 from ₹9,912 crores in Q3 FY21. Non-interest income or other income increased by 25 % in the quarter to ₹4,899 crores from ₹3,921 crores during the corresponding quarter last year. We Ample investment adviser recommend to buy InterGlobe Aviation (IndiGo) Limited . As an investor, the most difficult aspect of investing in equity markets is getting the right timing to invest in. Investing in a quality business will enable you to sleep peacefully over long periods of time one of the best-stock-to-buy-today
Mutual fund held 28.2 % stake in the company as of December 2021, while FIIs held 45.3 %, DIIs 44.0% and public 10.07% and others 0 %