ICICI Bank gets a boost with India’s best transaction bank award

ICICI Bank is currently trading at Rs 368, up by 21.35 points or 6.16% from its previous closing of Rs 346.65 on the BSE.

The scrip opened at Rs 351.25 and has touched a high of Rs 373.30 with low remaining its opening price. So far 22, 65,850 shares were traded on the BSE.

The BSE group ‘A’ Bankex stock of face value Rs 10 has touched a 52 week high of Rs 960.90 on May 5, 2008 and a 52 week low of Rs 252.75 on March 6, 2009.

The BSE Bankex is currently trading at 4,595.82, up by 6.25% from its previous closing.

The scrip price has witnessed positive swings of 13.53% since last week and 9.69% since last month.

ICICI Bank has been named as the India’s best transaction bank for the third year in a row by a Hong Kong-based magazine ‘The Asset’.

This apart, the bank has also won the title of country’s best trade finance bank, best cash management bank and best domestic custodian.

The winners for these awards were selected on the basis of efficient trade documentation, creative financing, risk management, branch network, back office capabilities, delivery systems, pricing and cut-off times.