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ICICI Bank gains on unveiling insta car, two wheeler loans

Mumbai : ICICI Bank is currently trading at Rs. 409.50, up by 2.70 points or 0.66% from its previous closing of Rs. 406.80 on the BSE. The scrip opened at Rs. 408.60 and has touched a high and low of Rs. 410.65 and Rs. 408.60 respectively. So far 104745 shares were traded on the counter. The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 410.65 on 18-Apr-2019 and a 52 week low of Rs. 256.50 on 16-Jul-2018.

Last one week high and low of the scrip stood at Rs. 410.65 and Rs. 387.75 respectively. The current market cap of the company is Rs. 262249.30 crore. The Institutions and Non-Institutions holding in the company stood at 89.08 % and 10.92 % respectively. ICICI Bank has launched insta car and two-wheeler loans that will provide existing customers final sanction letters instantly. The first service, called ‘Insta Auto Loan’, enables over two million pre-approved customers to avail the final sanction letter of a car loan instantly and digitally up to Rs 20 lakh for a tenure of up to seven years.

The second initiative, named ‘Insta Two-Wheeler Loan’, offer over 12 million pre-approved customers the facility to get instant sanction of loan up to Rs 2 lakh for a tenure of up to three years. Both the plans will offer 100% of the on-road price of vehicle.

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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