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ICICI Bank shines on targeting 11% home loan growth in Maharashtra in FY20

ICICI Bank is currently trading at Rs. 447.75, up by 13.30 points or 3.06% from its previous closing of Rs. 434.45 on the BSE.

The scrip opened at Rs. 437.25 and has touched a high and low of Rs. 448.15 and Rs. 436.50 respectively. So far 722488 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 450.00 on 23-Sep-2019 and a 52 week low of Rs. 294.80 on 04-Oct-2018.

Last one week high and low of the scrip stood at Rs. 450.00 and Rs. 386.65 respectively. The current market cap of the company is Rs. 288388.17 crore.

The Institutions and Non-Institutions held 88.57% and 11.03%, stake in the Bank, respectively.

ICICI Bank is targeting an 11 percent home loan growth in Maharashtra in FY20. The Bank is targeting to disburse Rs 4,200 crore of home loans in the western state, excluding Mumbai.

The bank is targeting for an overall loan growth of 20 percent in the state for the full fiscal with a disbursement target of Rs 13,000 crore. The bank also expects personal, car and two-wheeler, commercial vehicle and gold loans to grow 22 percent to nearly Rs 4,500 crore.

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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