ICICI Bank is the second largest bank in India and is headquartered in Mumbai. It was founded in 1994 in Vadodara and is known for its loan services. The bank offers a variety of banking and financial products to both retail and corporate customers, including personal banking, corporate banking, wealth management, investment banking, and insurance.
ICICI Bank has a large network of branches and ATMs across India and operates in other countries as well, including the United States, Canada, the United Kingdom, Singapore, Hong Kong, Qatar, Bahrain, and Dubai. The bank has received many awards and recognition for its innovative products and services, as well as its excellent customer service.
The market cap of ICICI Bank is 5,97,250 crores and it had assets worth 17,52,650 crores in financial year 2022. The debt to equity ratio for ICICI Bank in FY18 was 2.16, but it has decreased to 0.91 in FY22.
ICICI Bank charges various fees for using its services, such as an account maintenance fee, ATM withdrawal fee, debit card fee, cheque book fee, and fund transfer fee.
The bank will announce its Q4 results on April 22, 2023, and may also give a dividend if recommended. If the company beats its last quarter’s profit, the share price may increase.