ICICI Bank Ltd (ADR) (IBN) is Upgraded by Credit Suisse to Outperform

ICICI Bank Ltd (ADR) (IBN) was Upgraded by Credit Suisse to ” Outperform”. Earlier the firm had a rating of “Neutral ” on the company shares. Credit Suisse advised their investors in a research report released on Apr 21, 2016.

ICICI Bank Ltd (ADR) closed down -0.14 points or -1.89% at $7.26 with 1,06,25,774 shares getting traded on Monday. Post opening the session at $7.18, the shares hit an intraday low of $7.14 and an intraday high of $7.33 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

ICICI Bank Limited is a banking company. The Bank is a financial services group providing a range of banking and financial services including commercial banking retail banking project and corporate finance working capital finance insurance venture capital and private equity investment banking broking and treasury products and services. Its operating segments include Retail Banking Wholesale Banking Treasury Other Banking Life Insurance General Insurance and Others. Retail banking includes exposures of the Bank which satisfy the criteria of orientation product granularity and low value of individual exposures for retail exposures laid down in Basel Committee on Banking Supervision document International Convergence of Capital Measurement and Capital Standards: A Revised Framework. Wholesale banking includes all advances of the Bank to trusts partnership firms companies and statutory bodies. Treasury includes the entire investment and derivative portfolio of the Bank.

ICICI Bank Ltd (ADR)

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