ICICI Bank

Open: 22.67 Close: 22.99 Change: 0.32

Don't invest before reading what an AI found about ICICI Bank.

This document will help you to evaluate ICICI Bank without reading an infinite amount of sources. Relying only on stock quotes or prices to make investment decisions is a mistake. Analyzing and observing stock charts, highs and lows and other numerical data does not allow to evaluate the real value of a company. Stock quotes and prices are the result of underlying characteristics of a company and of events and news happening around them. For this reason, investing must be based on information, not numbers. As a solution, we programmed an artificial intelligence that reads the whole internet and the uses natural language processing and vectorizers to summarize the information. Usually, the AI reads several hundred pages and summarize it to a short document. This document presents our results. We found that the most common words in the internet about ICICI Bank are: Bank, ICICI, ICICi, stake, bank, Ltd, raise, …

Concept Map

Semantic Network

Stock Summary

ICICI Bank Limited provides various banking products and services in India and internationally. It operates through Retail Banking, Wholesale Banking, Treasury, Other Banking, Life Insurance, General Insurance, and Others segments. The company offers savings,.

Today's Summary

ICICI Bank revises its Marginal Cost of Fund-Based Lending Rates (MCLR) MCLR for overnight and one-month tenures is revised to 8.35%. The bank is also offering FD interest rates between 3% and 7.6%.

Today's News

ICICI Bank Ltd currently has the 142th highest Short-Term Technical score in the Banks - Regional industry. The key negatives for ICICi Bank are expectations of higher operating costs and a gradual normalization of its net interest margin. ICICI Bank underperforms Thursday when compared to competitors. The cost-to-income ratio for IBN rose by 1 percentage point from 38.2% in Q3 FY 2023 to 39.2%. There are good reasons to expect higher operating expenses going forward. ICICI Bank revises its Marginal Cost of Fund-Based Lending Rates (MCLR) MCLR for overnight and one-month tenures is revised to 8.35 per cent. It is applied to home loans, auto loans, and personal loans, which will be effective today. ICICI Bank is deactivating all the services -- Deactivated credit card, Deactivated Home Loan application, and not renew my ICICi Pru health card. I was happiest customer but things changed gradually. ICICI Bank Ltd. has 103010 employees as of Mar 22. ICICIBANK has 181 active competitors and it ranks 9th among them. Overall, ICICi Bank and its competitors have raised over $622M in funding. Shares of ICICI Lombard General Insurance Ltd. jumped the most in over three years on Monday after ICICi Bank Ltd. said it plans to raise its stake in the insurer by 4%. The bank, which holds a 48.02% stake, plans to acquire at least 2.5% of the above 4%. ICICI Bank is also offering FD interest rates between 3 per cent and 7.6 per cent. Shares of ICICi Bank have outperformed the Zacks Banks - Foreign industry over the past year (+16.9% vs. the ZACK Banks - foreign industry) ICICI Bank has approved a plan to raise its stake in ICICi Lombard General Insurance Company by 4% in various tranches. The bank currently owns 48.02% stake in the general insurance firm. The move will make the insurance firm a subsidiary of the bank. ICICI Bank is a leading private sector bank in India. Board of Directors of the Bank, at its meeting held on May 28, 2023 has approved the same. ICICI Lombard jumps after icici bank okays raising stake size.

Stock Profile

"ICICI Bank Limited provides various banking products and services in India and internationally. It operates through Retail Banking, Wholesale Banking, Treasury, Other Banking, Life Insurance, General Insurance, and Others segments. The company offers savings, salary, pension, current, and other accounts; and time, fixed, recurring, and security deposits. It also provides home, car, two-wheeler, personal, gold, and commercial business loans, as well as loans against securities and other loans; business loans, including working capital finance, term loans, collateral free loans, loans without financials, finance for importers and exporters, and overdraft facilities, as well as loans for new entities, card swipes, and schools and colleges; and credit, debit, prepaid, travel, and corporate cards. In addition, the company offers insurance products; pockets wallet; fixed income products; investment products, such as mutual funds, gold monetization schemes, initial public offerings, and other online investment services; and agri and rural business, farmer finance, tractor loans, and micro banking services, as well as other services to agri corporates. Further, it provides portfolio management, trade, foreign exchange, locker, private and NRI banking, and cash management services; family wealth and demat accounts; commercial and investment banking, capital market, custodial, project and technology finance, and institutional banking services, as well as Internet, mobile, and phone banking services. Additionally, the company offers securities investment, broking, trading, and underwriting services; and merchant banking, trusteeship, housing finance, pension fund management, asset management, investment advisory, points of presence, and private equity/venture capital fund management services. ICICI Bank Limited was founded in 1955 and is headquartered in Mumbai, India."

Keywords

Are looking for the most relevant information about ICICI Bank? Investor spend a lot of time searching for information to make investment decisions in ICICI Bank. This task is often burdensome and consumes huge amounts of free time. It also leads to mistakes due to fatigue and bounded rationality. As a solution, we programmed an artificial intelligence that reads the whole internet and the uses natural language processing and vectorizers to summarize the information. Usually, the AI reads several hundred pages and summarize it to a short document. This document presents our results. We found that the most common words in the internet about ICICI Bank are: Bank, ICICI, ICICi, stake, bank, Ltd, raise, and the most common words in the summary are: bank, icici, stock, icicibank, day, cent, india, . One of the sentences in the summary was: ICICI Bank revises its Marginal Cost of Fund-Based Lending Rates (MCLR) MCLR for overnight and one-month tenures is revised to 8.35%. Other searches related to this term that the AI found were: stockmarketlive, livestock, stockmarketforbeginners, thestockmarket, stockmarkettoday, stockmarkettrading, stockmarketstocks, todaystockmarket, thestockmarket, marketnews, stockmarketnews, whatisstockmarket, usstockmarket, stockmarketopen. #bank #icici #stock #icicibank #day #cent #india.