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ICICI Bank gains on offering instant approval of education loan of upto Rs 1 crore

  • bitnet infotech
  • June 23, 2020
  • 5:04 am

ICICI Bank is currently trading at Rs. 368.30, up by 0.50 points or 0.14% from its previous closing of Rs. 367.80 on the BSE.

The scrip opened at Rs. 370.50 and has touched a high and low of Rs. 370.50 and Rs. 364.10 respectively. So far 359517 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 552.40 on 30-Dec-2019 and a 52 week low of Rs. 269.00 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 375.25 and Rs. 335.90 respectively. The current market cap of the company is Rs. 236394.64 crore.

The Institutions holding in the company stood at 88.70 %, while Non-Institutions held 11.31%.

ICICI Bank has launched ‘Insta Education Loan’ where customers will get instant sanction letter for education loans upto Rs 1 crore to finance higher studies for themselves or their children, siblings and grand-children in accredited colleges and universities across the world. This first-of-its-kind facility enables lakhs of pre-approved customers to take education loans in a fully digital process against their fixed deposits with the Bank. They can furnish the sanction letter to the educational institute to confirm their admission.

ICICI Bank is India’s largest private sector bank by consolidated assets. ICICI Bank’s subsidiaries include India’s leading private sector insurance, asset management and securities brokerage companies, and among the country’s largest private equity firms.

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