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Shares of ICICI Bank Limited (IBN) Rise to a New 52-Week High

ICICI Bank Limited (NYSE:IBN) traded today at a new 52-week high of $23.25. Approximately 2.1 million shares have changed hands today, as compared to an average 30-day volume of 7.1 million shares.

ICICI Bank Ltd provides banking services. The company’s operating segment include Retail Banking; Wholesale Banking; Treasury, Life insurance, and Other Banking Business. It generates maximum revenue from the Retail Banking segment. Retail Banking segment includes exposures of the Bank, which satisfy the four qualifying criteria of a regulatory retail portfolio as stipulated by RBI guidelines on the Basel III framework as well as includes income from credit cards, debit cards, third party product distribution, and the associated costs. Treasury segment includes the entire investment and derivative portfolio of the Bank. Wholesale Banking segment includes all advances to trusts, partnership firms, companies, and statutory bodies.

ICICI Bank Limited share prices have moved between a 52-week high of $23.25 and a 52-week low of $16.36 and are now trading 42% above that low price at $23.15 per share.

ICICI Bank Limited (NYSE:IBN) is currently priced 12.8% above its average consensus analyst price target of $20.18.

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About IBN (InvestorBrandNetwork)

IBN consists of 50+ trusted financial brands introduced to the investment public over the course of 15+ years. Through these brands, IBN provides (1) access to our Investor Press Release Wire Solutions via InvestorWire (IW) to reach all target markets, industries and demographics in the most effective manner possible; (2) article and Code Editorial Syndication to 5,000+ broadcast outlets; (3) enhanced press release solutions via IW to ensure maximum impact; (4) full-scale distribution to an enormous social media audience that includes millions of followers; and (5) a full array of corporate communications solutions focused on the IBN Podcast Series. With a proven track record serving 500+ client partners, IBN is the key to a more effective market communication campaign and the NEW normal.

For more information on IBN, please visit https://www.InvestorBrandNetwork.com

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://IBN.fm/Disclaimer

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