The full form of ICICI Bank was actually used as Industrial Credit and Investment Corporation of India Bank but I guess it was too much of a word for a bank so they shortened it to ICICI Bank. ICICI Bank even borrowed its name from the Industrial Credit and Investment Corporation of India (ICICI), the parent company that merged with ICICI Bank in 2001.
ICICI Bank Limited is involved in the provisioning of banking and financial services, including retail banking, corporate banking and treasury operations.
ICICI Bank Net Profit, Financial Reporting of Operating Income
In the first quarter ended June 30, ICICI Bank increased its net profit by INR 47.47 billion ($ 637.71 million) from Rs 31.18 billion a year ago.
Earnings per share has expanded to rupee 6.72 from rupee 4.76.
Total operating income for the three months to June rose to Rs 230.97 billion from Rs 224.23 billion in the same quarter last fiscal.
Current financial report of the company:
ICICI Bank's total revenue for the last quarter was 388.53B, down 10.93% from the previous quarter. Q1 21 net income is .4 47.47B
Current market cap is 4.997T.
The company's EPS TTM is 29.20.
Dividend yield is 0.28%.
P / E stands at 24.99.
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The bank's after-tax profit for FY 2021 is Rs. 161.93 billion after provision and 202.04 billion after ancillary conditions (including tax provision of Rs. 39.90 billion).
The accumulated profit is Rs. Considering the balance of Rs 375.20 billion, 213.27 billion has been brought forward from the previous year. .
The Board of Directors has recommended a dividend of Rs. Has allocated 2.00 per equity share for the year ended March 31, 2021 and disposable profit as follows:
The financial performance of FY 2021 has been summarized in the following table.
Overall, the stock's expected ROA for next year is 1.7% and ROE 15.2%. It's a dip bought. Any fall in stocks like ICICI and Axis would be a good investment opportunity
I think it is a good stock to follow but you need to be aware of all the precautions and associated risks.
What is ICICI Bank PO Appointment?
The Industrial Credit and Investment Corporation of India is one of the four largest banks in India. It is headquartered in the city and its registered workplace is in Vadodara, Gujarat. It is a banking enterprise for international banking and financial services It has 4867 branches and 14367 ATMs in 17 countries of India. It has 2 branches in Belgium and European countries. ICICI Bank launched its web banking service in 1998.
Read the full article to mark your calendars with important dates. Find out the 2021 requirements, salary, career, eligibility criteria and recruitment score.
ICICI Journey to Success: Why Choose ICICI?
#The Industrial Credit and Investment Corporation of India was established in 1994, an Indian financial institution.
ICICI's interest in The Industrial Credit and Investment Corporation of India dropped to 46 percent in FY 1998 through a public offering of shares in India.
# The Industrial Credit and Investment Corporation of India was the first Indian corporation and the first non-Japanese Asian bank or financial institution to be listed on the New York Stock Exchange (NYSE) in 1999.
# In 2000, ADRs (American Depository Receipts) were issued and listed on the New York Stock Exchange.
#In FY 2001, the bank completed an all-stock merger with Bank of Madhura.
# They promoted secondary market sales to institutional investors in 2001 and 2002.
ICICI Bank PO Recruitment 2021
ICICI Bank has used technology in our recruitment process as ICICI Bank has always been at the forefront of the use of technology.
With an internet connection and a webcam, they can conduct an interview from the comfort of a candidate's own home using I-Studio, an ICICI video-based platform.
They have a multi-level recruitment system at The Industrial Credit and Investment Corporation of India.
Chanda Kochhar, CEO and Managing Director, ICICI Bank
Here are some of his achievements that are noteworthy.
Kochhar has consistently been featured on the Fortune list of "the most powerful women in business" since 2005.
In 2009, she debuted at number 20 on Forbes' list of "100 Most Powerful Women in the World" and rose to No. 10 in 2010.
She was named one of Business Today's "Most Powerful Women - Hall of Fame".
He is featured in the Bloomberg Markets list of the "Global Finance 50 Most Influential People".
He was named one of Time Magazine's 100 Most Influential People in the World 2015.
Kochhar led ICICI Bank and won the "Best Retail Bank in India" award in 2001, 2003, 2004 and 2005 and the "Excellence Retail Banking System Award" in 2002.
Interesting facts about ICICI Bank,
On September 10, 2016, ICICI announced 'Software Robotics' initiative - the first by an Indian bank. Over 200 software robots are now performing over 1 million transactions per day for the bank which constitutes 10% of its total transactions. The bank will employ 500 software robots by the end of the year, which will help automate 20% of its total transactions.
Thanks
for reading.
Writer Taufiqul Islam
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