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ICICI Bank Share Price - ICICI Bank Share Price Live Update - mymoneykarma

09-05-2018 05:52 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: mymoneykarma

On 31 January 2018, the share price stood at Rs.348.85.
The month of February saw a decline in share prices. On 1 February 2018, ICICI Bank share price was Rs.347.55.
By 05 February 2018, the share price dropped to RS.327.60. The price fall was mainly due to selling pressure.
On 9th and 10th of the month, prices dropped further, and on the 14th it recorded the lowest rate of the month Rs.327.
On 01 March 2018, share prices further dropped to Rs.312.65, and the bank has offered equity shares hoping the prices will pick up in the following days.

Also, the Core operating profit minus treasury income and exchange rate gains regarding overseas operations grew by 10% to Rs.4,992 crore in Q3 of the financial year 2017-2018 which was Rs.4,549 crore in Q3 2017.
The provisions of the bank also reduced substantially from Rs.4,503 crore in Q2 of 2017-2018 to Rs.3,570 crore in the third quarter of 2018.
The net interest income of ICICI Bank grew by 6% on a year-on-year basis in the quarter ended on 31 December 2017. The net interest income of the bank in the quarter ended 31 December 2016 was Rs. 5,363 crore.
The consolidated profit after tax was Rs.1,894 crore in Q3- 2018 compared to Rs.2,071 crore in Q2-2018 and Rs.2,611 crore for Q3-2017.
The year-on-year credit growth in domestic advances was 13% as of 30 September 2017. By the end of 31 December 2017, the credit growth increased to 16%.

Click Here to check Live Update of ICICI Bank Share Price @ https://www.mymoneykarma.com/share-market/icicibank.html

CASA deposits also increased by 12% year-on-year to Rs.260,635 crore by 31 December 2017. The CASA ratio of ICICI Bank stood at 50.4% as of 31 December 2017 compared to 49.5% at 30 September 2017 and 49.9% at 31 December 2016

Stocks or Mutual Funds: Here is our recommendation

A lot of research and knowledge is required in stock market investments, and generally, they don't offer any tax benefits. Hence at mymoneykarma, we merely motivate our readers to invest in mutual funds. Investing in mutual funds doesn't require a lot of knowledge, and equity-linked mutual fund schemes also provide tax benefits. In addition to it, since mutual funds contain stocks from multiple companies, they help in building a diversified portfolio.

About MyMoneyKarma: MyMoneyKarma is emerging as a leading Recommender Engine that helps people makes Intelligent Financial decisions. We are founded by two Stanford Business School alumni who bring decades of experience in Consumer Finance and Technology. Our focus is on creating secure, data-driven, unbiased, and consumer-friendly online tools that recommend products and services in a rapidly evolving environment. We use Machine Learning algorithms to identify potential opportunities for our customers to plan, save and invest

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