ICICI Bank Limited, officially known as the Industrial Credit and Investment Corporation of India Bank Limited (ICICI Bank) is one of the India’s largest private sector bank by assets and market capitalization. It was founded in 1994 as a subsidiary of the Industrial Credit and Investment Corporation of India (ICICI), a financial services conglomerate. ICICI Bank became an independent company in 2002, It offers a wide range of banking and financial services to retail and corporate customers, including Personal banking, Corporate banking, Investment banking, Wealth management. ICICI Bank has a strong presence in India, with over 5,200 branches and 15,000 ATMs. It also has international operations in 17 countries.
ICICI expected growth in upcoming five years:
Analysts predict that ICICI Bank’s earnings per share (EPS), which is a measure of its profitability, will increase by an average of 8.8% per year for the next five years. This growth rate is consistent with what is expected for the entire banking industry in India during the same period. In simpler terms, it means that ICICI Bank is anticipated to continue making more returns each year and this growth is in line with what’s expected for banks in India overall. This positive forecast suggests that the bank is likely to remain financially healthy and may provide good returns to its investors in the coming years. However, it’s important to remember that these are predictions, and actual results may vary based on various economic and market factors.
ICICI Stock Price Prediction 2024
| Year 2024 | ICICI Share Price Prediction 2024 ₹ 1,200 |
ICICI Stock Price Prediction 2025
| Year 2025 | ICICI Share Price Prediction 2025 ₹ 1,400 |
ICICI Stock Price Prediction 2030
| Year 2030 | ICICI Share Price Prediction 2030 ₹ 3,000 |
ICICI Stock Price Prediction 2040
| Year 2040 | ICICI Share Price Prediction 2040 ₹ 6,600 |
ICICI Stock Price Prediction 2050
| Year 2050 | ICICI Share Price Prediction 2050 ₹ 18,000 |
ICICI Bank Current Share Price And Company Performance Overview – Read Here
Current CEO of ICICI Bank: Sandeep Bakhshi
Bakhshi has over 35 years of experience in the banking industry, He has been in the position since October 2018 and he has held various positions at ICICI Bank, including Chief Operating Officer and Executive Director. Reserve Bank of India (RBI) approved the reappointment of Sandeep Bakhshi as ICICI Bank MD & CEO for a period of three more years in 2023.
Also Read- HDFC Bank the largest private sector bank in India by market capitalization
Top Investors in ICICI Banks:
Here’s the list of investors in ICICI Bank, along with their respective stakes:
| Investor | Stake |
|---|---|
| WCM Investment Management LLC | 2.04% |
| GQG Partners LLC | 1.83% |
| Morgan Stanley Investment Management | 0.90% |
| Temasek Holdings Pte Ltd. (Investment Arm) | 0.72% |
| Life Insurance Corporation of India | 0.68% |
| The Vanguard Group, Inc. | 0.61% |
| Nippon Life Insurance Company | 0.59% |
| BlackRock, Inc. | 0.58% |
| Government of Singapore Investment Corporation (GIC) | 0.57% |
| Norges Bank Investment Management | 0.56% |
ICICI Bank released its IPO in 2007:
ICICI Bank released its initial public offering (IPO) in June 2007. The IPO was oversubscribed by more than 10 times, and the bank raised over ₹8,000 crore.
The IPO was a success, and it helped ICICI Bank to expand its business and operations. The bank is now one of the largest private sector banks in India, and it offers a wide range of banking and financial services to its customers.
