Start learning 50% faster. Sign in now
ICICI Bank entered the top five of India's market capitalization rankings, surpassing the Rs 8 trillion mark. • ICICI Bank has entered the top five of India's market capitalization rankings, surpassing the Rs 8 trillion mark. • The bank's shares increased by more than 5%, reflecting its strong financial performance and solid growth potential. • ICICI Bank is now the second bank in India to reach this market cap level, after HDFC Bank. • Reliance Industries remains the leader in market valuation at Rs 19.8 trillion, followed by TCS, HDFC Bank, and State Bank of India. • Analysts from firms like CLSA and JPMorgan have set a target price of Rs 1,350 for ICICI Bank's stock, indicating confidence in its future growth. • For FY25/26, JPMorgan raised ICICI Bank's earnings per share projection by 4%, citing fair valuation and potential for an upward re-rating. • The bank's net profit grew by 17% in the last fiscal quarter, driven by strong loan growth and improved asset quality. • The gross NPA ratio improved to 2.16% as of March 2024, demonstrating effective management of credit risks. Learn Along: About ICICI Bank Founded: 1994 Headquarters: Mumbai Non-Executive (part-time) Chairman:Mr. Girish Chandra Chaturvedi
Which country did Japan defeat to clinch the AFC U-23 Asian Cup in 2024?
Which of the following is not matched correctly in regards to Padma Bhushan Awards?
In June 2024, which Ministry increased the allocation for the Fertilizer Sector under the SIGHT Programme of the National Green Hydrogen Mission from 5....
What is the objective of ISRO's recently announced 'Spadex Mission'?
Tiware Dam is situated in which of the following states?
In January 2024, the RBI issued guidelines on the new RBI-Digital Payments Index (DPI). Which of the following parameters carries the highest weight in ...
Which of the following substances is referred to as White Vitriol?
Afar Triangle, recently seen in news, is associated with which one of the following?
On 21st May 2023, where did Prime Minister Narendra Modi address the 76th Session of the World Health Assembly?
Which player of the England cricket team has withdrawn his decision to retire from ODI cricket?