ICICI Bank Limited is an Indian multinational bank and financial services company headquartered in Mumbai, India. It is the second largest bank by assets and market capitalisation in India and has a network of over 5,500 branches and 13,500 ATMs across India. The bank also has a presence in 17 countries, including the United States, the United Kingdom, Canada, Singapore, Dubai, and Australia.
ICICI Bank Overview
| Attribute | Value |
|---|---|
| Bank Name | ICICI Bank Limited |
| Headquarters | Mumbai, India |
| Founded | 1955 |
| Type | Public |
| Industry | Financial Services |
ICICI Bank Products
| Product Category | Products |
|---|---|
| Personal Banking | Savings Accounts, Current Accounts, Fixed Deposits, Money Transfer, Credit Cards, Personal Loan, Home Loan, Car Loan, Mutual Fund, Debt Management Services |
| Business Banking | Working Capital Loans, Term Loan, Trade Finance, Supply Chain Finance, Digital Business Banking, Merchant Solutions |
| Wealth Management | Private Banking, NRI Banking, Investment Banking, Corporate Banking |
| Other Services | Digital Banking, Mobile Banking, Internet Banking, WhatsApp Banking, Pockets, Ask iPal, ATMs and Branches |
ICICI Bank Awards and Recognition
| Award | Year |
|---|---|
| Company of the Year | The Economic Times Awards for Corporate Excellence, 2022 |
| Best Retail Bank in India | The Asian Banker Excellence in Retail Financial Services International Awards, 2022 |
| India Domestic Trade Finance Bank of the Year | Asiamoney Trade Finance Awards 2022 |
| India Domestic Initiative of the Year | Asiamoney Trade Finance Awards 2022 |
| India Domestic COVID Management Initiative of the Year | Asiamoney Trade Finance Awards 2022 |
| Best Notice Account Provider | Moneyfacts Group, 2021 |
| Highly Commended | Consumer Moneyfacts Awards, 2013 |
| Largest Business Award for SMEs in Indian History | Limca Book of Records, 2004 |
ICICI Bank Fundamentals
| Fundamental | Value |
|---|---|
| Market Capitalization | ₹7,05,207.55 Cr |
| Revenue | ₹227,918.17 Cr |
| EBITDA | ₹67,310.40 Cr |
| EPS | ₹24.18 |
| P/E Ratio | 25.40 |
| P/B Ratio | 6.26 |
| Dividend Yield | 2.62% |
| Debt/Equity Ratio | 3.47 |
| Book Value | ₹342.31 |
| Face Value | ₹10 |
| ROE | 19.93% |
ICICI Bank Revenue and Net Profit
| Year | Revenue | Net Profit |
|---|---|---|
| 2018 | 227,918.17 | 2,418 |
| 2019 | 244,373.02 | 2,715 |
| 2020 | 226,771.84 | 2,452 |
| 2021 | 250,330.80 | 3,190 |
| 2022 | 263,569.91 | 4,595 |
ICICI Bank Shareholding Patterns
| Shareholder Category | Shareholding Percentage |
|---|---|
| Promoter | 44.38% |
| Foreign Institutional Investors (FIIs) | 29.67% |
| Domestic Institutional Investors (DIIs) | 13.72% |
| Public | 12.23% |
ICICI Bank Share Price Target for 2024, 2025, 2026, 2027, 2028
| Year | Share Price Target (₹) |
|---|---|
| 2024 | 1,200 |
| 2025 | 1,500 |
| 2026 | 2,000 |
| 2027 | 2,500 |
| 2028 | 3,200 |
ICICI Bank Share Price Target for 2024
ICICI Bank’s share price target for 2024 is estimated to be between ₹1,200 and ₹1,400 per share.
ICICI Bank Share Price Target for 2025
ICICI Bank’s share price target for 2025 is estimated to be between ₹1,500 and ₹1,700 per share.
ICICI Bank Share Price Target for 2026
ICICI Bank’s share price target for 2026 is estimated to be between ₹2,000 and ₹2,400 per share.
ICICI Bank Share Price Target for 2027
ICICI Bank’s share price target for 2027 is estimated to be between ₹2,500 and ₹3,000 per share.
ICICI Bank Share Price Target for 2028
ICICI Bank’s share price target for 2028 is estimated to be between ₹3,200 and ₹3,800 per share.
ICICI Bank Dividend History
| Year | Announcement Date | Ex-Date | Dividend (Rs) |
|---|---|---|---|
| 2023 | 26-04-2023 | 29-07-2023 | 8.0 |
| 2022 | 19-04-2022 | 22-07-2022 | 6.0 |
| 2021 | 27-05-2021 | 30-07-2021 | 2.0 |
| 2020 | 31-05-2020 | 03-08-2020 | 1.0 |
| 2019 | 06-05-2019 | 22-07-2019 | 1.0 |
| 2018 | 07-05-2018 | 24-08-2018 | 1.5 |
| 2017 | 04-05-2017 | 20-06-2017 | 2.5 |
| 2016 | 16-06-2016 | 04-08-2016 | 5.0 |
| 2015 | 04-05-2015 | 20-06-2015 | 5.0 |
Future Outlook of ICICI Bank
ICICI Bank has a strong track record of growth and profitability. The bank is expected to continue its strong performance in the coming years, driven by the following factors:
-
The Indian economy is expected to grow at a CAGR of 7-8% over the next few years. This is expected to lead to strong growth in loans and deposits for ICICI Bank.
-
ICICI Bank is investing heavily in its digital transformation. This is expected to improve the bank’s efficiency, customer service, and risk management.
-
ICICI Bank has a strong presence in the corporate and SME sectors. This is expected to continue to be a key source of growth for the bank.
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Risks Associated With Investing in ICICI Bank
| Risk Category | Specific Risks |
|---|---|
| Economic Risk | – Economic slowdown in India – Rising inflation – Global economic uncertainty |
| Credit Risk | – Increase in non-performing assets (NPAs) – Exposure to risky sectors |
| Market and Liquidity Risk | – Volatility in stock markets – Liquidity risk due to large lending exposure |
| Operational Risk | – Fraudulent activities – System failures – Cybersecurity breaches |
| Regulatory Risk | – Changes in government regulations – Increased capital requirements |
ICICI Bank Competitors
| Rank | Bank | Market Cap (Cr) | Revenue (Cr) | Net Profit (Cr) | P/E Ratio | P/B Ratio | Dividend Yield |
|---|---|---|---|---|---|---|---|
| 1 | ICICI Bank | 7,05,207.55 | 227,918.17 | 5,074.87 | 25.40 | 6.26 | 2.62% |
| 2 | HDFC Bank | 3,47,370.17 | 202,020.73 | 33,095.75 | 21.11 | 7.54 | 1.53% |
| 3 | Kotak Mahindra Bank | 3,46,635.47 | 111,646.75 | 15,675.96 | 22.02 | 8.08 | 2.05% |
| 4 | Axis Bank | 3,18,587.78 | 263,569.91 | 4,595.97 | 15.61 | 4.53 | 2.48% |
| 5 | IndusInd Bank | 1,15,085.30 | 32,825.80 | 2,389.00 | 28.01 | 7.19 | 1.88% |
| 6 | SBI | 3,12,224.16 | 567,764.66 | 12,714.52 | 14.80 | 3.79 | 0.91% |
| 7 | Yes Bank | 47,665.40 | 15,591.76 | -164.14 | 18.73 | 1.36 | 0.00% |
ICICI Bank Share Price FAQs
Q: What is ICICI Bank’s share price target for 2023?
A: Analysts’ estimates for ICICI Bank’s share price target for 2023 range from ₹850 to ₹900 per share.
Q: What is ICICI Bank’s share price target for 2024?
A: Analysts’ estimates for ICICI Bank’s share price target for 2024 range from ₹1,000 to ₹1,200 per share.
Q: What is ICICI Bank’s share price target for 2025?
A: Analysts’ estimates for ICICI Bank’s share price target for 2025 range from ₹1,200 to ₹1,400 per share.
Q: What is ICICI Bank’s share price target for 2026?
A: Analysts’ estimates for ICICI Bank’s share price target for 2026 range from ₹1,500 to ₹1,700 per share.
Q: What is ICICI Bank’s share price target for 2027?
A: Analysts’ estimates for ICICI Bank’s share price target for 2027 range from ₹2,000 to ₹2,400 per share.
Q: What is ICICI Bank’s share price target for 2028?
A: Analysts’ estimates for ICICI Bank’s share price target for 2028 range from ₹2,500 to ₹3,000 per share.
Q: Is ICICI Bank a good investment?
A: Whether or not ICICI Bank is a good investment depends on your individual investment goals and risk tolerance. If you are comfortable with the risks associated with investing in ICICI Bank, and you believe that the bank has the potential to grow in the future, then it could be a good investment for you.
DISCLAMER: We are not SEBI registered. We have not provided any real investment advice or stock recommendations. The share price targets and justifications in this article are hypothetical examples for educational purposes only. Stock prices depend on many factors and future returns are not guaranteed. Readers should do their own research before investing. Or consult a registered financial advisor for guidance. We do not guarantee any stock performance or returns. Investing in stocks involves risks.
