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ICICI Bank jumps on joining hands with Hyundai Motor India to offer online finance solutions

  • bitnet infotech
  • June 22, 2020
  • 9:30 am

ICICI Bank is currently trading at Rs. 372.55, up by 8.65 points or 2.38% from its previous closing of Rs. 363.90 on the BSE.

The scrip opened at Rs. 366.00 and has touched a high and low of Rs. 375.25 and Rs. 366.00 respectively. So far 1980575 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. 325.40 respectively. The current market cap of the company is Rs. 240344.80 crore.

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

ICICI Bank and Hyundai Motor India (HMIL) have entered into partnership for online retail financing of Hyundai Motor’s vehicles. Hyundai Motor India is the first original equipment maker to provide tailor-made online car financing options on a single platform. Under the partnership, ICICI Bank has integrated its finance solutions online with the car maker’s digital sales platform. Hyundai will enable customers to avail an end-to-end composite online solution for car buying along with the required funding to purchase their car.

With this tie-up, pre-approved customers of ICICI Bank, can directly apply for a car loan through ‘Click to Buy’ website and procure an instant loan sanction without having to physically visit the branch. In addition to these services, The Bank also offers up to 100 per cent on-road funding as well.

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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