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Shares of ICICI Bank Limited (IBN) Rise Above Previous 52-Week High

Shares of ICICI Bank Limited (NYSE:IBN) traded today at $22.77, eclipsing its 52-week high. So far today approximately 900,000 shares have been exchanged, as compared to an average 30-day volume of 7 million shares.

ICICI Bank Limited (NYSE:IBN) is currently priced 12.2% above its average consensus analyst price target of $20.00.

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.

In the past 52 weeks, shares of ICICI Bank Limited have traded between a low of $16.36 and a high of $22.77 and is now at $22.77, which is 39% above that low price.

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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

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