Private sector lender ICICI Bank has crossed the market capitalisation of Hindustan Unilever to become the fifth-largest company by market value. According to BSE data, ICICI Bank’s market capitalisation (m-cap) stood at ₹5.83 lakh crore, just above HUL’s ₹5.76 lakh crore. This follows the bank posting its highest ever quarterly net profit in the July to September 2021 quarter.
The bank’s scrip touched a 52-week high of ₹859.70 on the BSE before ending at ₹841.05, registering a gain of 10.8 per cent over the previous day’s close. ICICI Bank becomes the second lender after HDFC Bank to break into the top five companies on the BSE in terms of m-cap.
Important takeaways for all competitive exams:
- ICICI Bank MD & CEO: Sandeep Bakhshi;
- ICICI Bank Headquarters: Mumbai, Maharashtra;
- ICICI Bank Tagline: Hum Hai Na, Khayal Apka.