ICICI Bank is a leading private sector bank in India. It offers a wide range of banking and financial services to its customers, including personal banking, business banking, and corporate banking.
ICICI Bank was founded in 1994 and is headquartered in Mumbai, India. It has a network of over 5,275 branches and 15,589 ATMs across the country, as well as international offices in the United States, Singapore, Bahrain, Hong Kong, Qatar, and Dubai.
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ICICI Bank Overview
ICICI Bank was originally promoted in 1994 by ICICI Limited, an Indian financial institution, along with other entities. The bank merged with ICICI Limited in 2002, and became a universal bank. Bank offers a range of financial products and services to its customers, including retail banking, business banking, and corporate banking. Its retail banking services include savings accounts, current accounts, fixed deposits, home loans, personal loans, credit cards, and insurance products. Its business banking services include current accounts, loans, trade services, cash management services, and forex services. Its corporate banking services include project finance, working capital finance, trade services, cash management services, and treasury services.
Business Model of ICICI Bank
The business model of ICICI Bank can be broadly categorized into three segments: Retail banking, Wholesale banking, and Treasury operations.
- Retail banking: ICICI Bank’s retail banking segment includes services for individuals and small businesses. The bank offers a range of products and services such as savings accounts, current accounts, fixed deposits, loans, credit cards, insurance products, and investment services. The bank aims to build long-term relationships with its retail customers by providing them with personalized solutions and services. ICICI Bank has invested in technology to enhance customer experience and convenience, with digital channels being a key focus.
- Wholesale banking: ICICI Bank’s wholesale banking segment serves large corporate clients, mid-sized companies, and government entities. The bank offers a range of products and services such as project finance, working capital finance, trade services, cash management services, forex services, and treasury services. The bank provides customized solutions to meet the unique needs of its clients and works closely with them to support their growth and expansion plans.
- Treasury operations: ICICI Bank’s treasury operations segment manages the bank’s assets and liabilities to optimize its returns. This segment deals with foreign exchange, money market operations, and investments in government securities, corporate bonds, and equity shares. The treasury operations of the bank aim to maintain an appropriate liquidity position, manage interest rate risks, and optimize the return on investment.
ICICI Bank Share Price
ICICI Bank’s shares are listed on the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE), and the bank is a part of several stock market indices, including the Nifty 50 and the BSE Sensex.
ICICI Bank shares have been listed on the NSE and the Bombay Stock Exchange (BSE) since 1998, and it is one of the most widely traded stocks in India.
As of the market close on February 18, 2023, ICICI Bank’s share price on the National Stock Exchange of India (NSE) was INR 853.40 per share.
| Company Name | ICICI Bank |
| Share Name | ICICIBANK |
| Founded in | 1994 |
| Headquarters | Mumbai |
| CEO | Sandeep Bakhshi |
| Revenue | ₹157,536 crore (US$20 billion) FY 2022 |
| Market Capitalization | $72.73 Billion |
| Primary Exchange | NSE, BSE |
| Official Website | www.icicibank.com |
Shareholding of ICICI Bank
ICICI Bank’s shareholding pattern was as follows:
- Promoter group: The promoter group holds 14.96% of the bank’s shares. The largest shareholder in the promoter group is ICICI Limited, which holds a 25.38% stake.
- Foreign institutional investors (FIIs): FIIs hold 43.96% of the bank’s shares.
- Domestic institutional investors (DIIs): DIIs hold 21.13% of the bank’s shares.
- Public and others: The remaining 20.95% of the bank’s shares are held by the public and other shareholders.
Annual Result of ICICI Bank- Click Here
ICICI Bank Share Price Target 2023, 2024, 2025, 2026, 2027, 2030, 2040, 2050
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2023 | ₹1050 | ₹1100 |
| 2024 | ₹1200 | ₹1300 |
| 2025 | ₹1450 | ₹1550 |
| 2026 | ₹1690 | ₹1850 |
| 2027 | ₹2050 | ₹2150 |
| 2030 | ₹2800 | ₹2950 |
| 2040 | ₹4950 | ₹5400 |
| 2050 | ₹12500 | ₹14500 |
Note:- “That these share price targets for “ICICI Bank Share” are only provided for the purpose of reference and that this prediction will only hold true in the event that there is optimism in the market. Any uncertainties regarding the company or the current state of the global market will not be addressed in this analysis.”
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ICICI Bank subsidiaries and joint ventures
ICICI Bank has several subsidiaries and joint ventures that operate in various sectors. Some of the major subsidiaries and joint ventures of ICICI Bank are:
- ICICI Prudential Life Insurance Company Limited: ICICI Bank has a joint venture with Prudential Corporation Holdings Limited, a UK-based company, to operate a life insurance business in India. ICICI Bank holds a 51% stake in the joint venture, while Prudential holds the remaining 49%.
- ICICI Lombard General Insurance Company Limited: ICICI Bank has a joint venture with Fairfax Financial Holdings Limited, a Canadian financial services holding company, to operate a general insurance business in India. ICICI Bank holds a 51% stake in the joint venture, while Fairfax holds the remaining 49%.
- ICICI Securities Limited: ICICI Bank’s subsidiary, ICICI Securities, provides investment banking, broking, and other financial services to retail and institutional customers. It is one of the leading stockbrokers in India.
- ICICI Home Finance Company Limited: ICICI Bank’s subsidiary, ICICI Home Finance, provides home loans and other related services to retail customers.
- ICICI Prudential Asset Management Company Limited: ICICI Bank has a joint venture with Prudential Corporation Holdings Limited to operate a mutual fund business in India. ICICI Bank holds a 51% stake in the joint venture, while Prudential holds the remaining 49%.
- ICICI Venture Funds Management Company Limited: ICICI Bank’s subsidiary, ICICI Venture, is a private equity and venture capital firm that invests in various sectors in India.
ICICI Bank Share Price Target 2023
The share price of ICICI Bank has shown significant growth over the years, with its value increasing more than ten-fold from its initial public offering (IPO) in 1998. However, like all stocks, the value of ICICI Bank’s shares can be influenced by a range of factors, including changes in market conditions, economic and political developments, and company-specific factors such as financial performance and management decisions.
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2023 | ₹1050 | ₹1100 |
ICICI Bank Share Price Target 2024
The bank’s shares have been a popular choice among investors in India, and it has consistently ranked among the most valuable companies in the country. ICICI Bank has won several awards for its services and innovation. In 2020, it was named the Best Retail Bank in India by The Asian Banker. It has also won awards for its mobile banking app, internet banking platform, and customer service.
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2024 | ₹1200 | ₹1300 |
ICICI Bank Share Price Target 2025
ICICI Bank has a wide network of branches and ATMs across India, as well as international offices in several countries. It has over 5,275 branches and 15,589 ATMs in India, and its international offices are located in the United States, Singapore, Bahrain, Hong Kong, Qatar, and Dubai. In year 2022, ICICI BANK has declared dividend of Rs 5.00 per share.
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2025 | ₹1450 | ₹1550 |
ICICI Bank Share Price Target 2026
ICICI Bank’s business model focuses on providing a wide range of banking and financial products and services to its customers, while also managing its assets and liabilities efficiently to maximize returns. The bank has invested in technology and innovation to improve customer experience and convenience, and it aims to build long-term relationships with its customers by providing personalized solutions and services.
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2026 | ₹1690 | ₹1850 |
ICICI Bank Share Price Target 2027
- Net interest income (NII), which is the difference between interest earned and interest expended, increased by 16% to INR 33,015 crore.
- The bank’s total income for the year increased by 11% to INR 83,378 crore.
- The net profit for the year increased by 26% to INR 16,192 crore.
- The bank’s gross non-performing assets (NPAs) ratio improved to 4.96% as of March 31, 2021, compared to 5.42% as of March 31, 2020.
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2027 | ₹2050 | ₹2150 |
ICICI Bank Share Price Target 2030
- The bank’s capital adequacy ratio (CAR) was at 19.09% as of March 31, 2021, well above the regulatory requirement.
- The bank’s total deposits increased by 16% to INR 891,940 crore, and its total advances increased by 14% to INR 660,290 crore.
- The bank’s digital channels continued to see strong growth, with mobile banking transactions growing by 88% and internet banking transactions growing by 38% during the year.
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2030 | ₹2800 | ₹2950 |
Future of ICICI Bank Share
As one of the largest private sector banks in India, ICICI Bank is well positioned to capitalize on the opportunities and challenges facing the Indian banking industry in the coming years. Here are some potential factors that could shape the bank’s future:
- Digital transformation: ICICI Bank has been investing heavily in its digital capabilities in recent years, and this trend is likely to continue. The bank’s digital channels have been growing rapidly, and the COVID-19 pandemic has accelerated the shift towards digital banking in India. ICICI Bank is likely to continue to invest in new technologies to enhance its digital offerings and improve the customer experience.
- Increasing competition: The Indian banking industry is highly competitive, with a large number of banks vying for market share. ICICI Bank will need to continue to innovate and differentiate itself to remain competitive in the market.
- Economic growth: India’s economy is expected to continue to grow in the coming years, which could drive increased demand for banking services. ICICI Bank is well positioned to benefit from this growth, given its large customer base and diverse range of financial products and services.
- Regulatory environment: The regulatory environment in India is constantly evolving, and ICICI Bank will need to stay abreast of any changes and comply with all relevant regulations to continue to operate in the market.
Risk of ICICI Bank Share
As with any financial institution, ICICI Bank faces a range of risks that could impact its financial performance and future prospects. Here are some potential risks that could affect the bank:
- Credit risk: ICICI Bank’s lending activities expose it to the risk of borrower defaults and non-performing assets. A significant increase in non-performing loans could negatively impact the bank’s financial performance.
- Market risk: ICICI Bank is exposed to various market risks, including interest rate risk, foreign exchange risk, and equity price risk. A significant shift in any of these markets could negatively impact the bank’s financial performance.
- Regulatory risk: Changes in regulations or compliance requirements could increase costs or limit the bank’s ability to generate revenue.
- Reputation risk: ICICI Bank’s reputation could be negatively impacted by issues such as fraud, mismanagement, or poor customer service. This could lead to a loss of customer trust and damage the bank’s brand.
- Technology risk: As ICICI Bank continues to invest in its digital capabilities, it is exposed to various technology risks, including cyber threats and data breaches. A significant breach could result in financial losses, reputational damage, and regulatory fines.
- Liquidity risk: ICICI Bank needs to maintain sufficient liquidity to meet its financial obligations, including deposits and loan disbursements. A sudden or unexpected drain on liquidity could negatively impact the bank’s financial performance.
FAQs –
As per our ICICI Bank Share Price Prediction Price range between Rs.1450 to Rs.1550 but It is important to note that stock prices can be volatile and can fluctuate in response to a range of factors, and past performance is not necessarily indicative of future performance.
The bank’s shares have been a popular & giving good returns to its investors, Investors should consider a range of factors, including their investment goals, risk tolerance, and the overall market environment, before making any investment decisions.
Yes, According to its Performance & Result in Banking Sector ICICI Bank Share is good for long term,The bank’s strong capital position and growing digital capabilities position it well for future growth and innovation in the Indian banking industry.
ICICI Bank Share target price in 2030 will be Rs.2800 to Rs.2950/-.
