ICICI Bank currently has a market capitalization of $98.9 billion.
UBS Bank, on the 19th position, currently has a market capitalization of $98.12 billion.
Story continues below Advertisement Remove AdJP Morgan Chase tops the chart, with a market capitalization of $$571.11 billion.
ICICI Bank shares closed 2.9 percent up at Rs 1204 at the National Stock Exchange.
Recently, Motilal Oswal issued a ‘buy’ rating on ICICI Bank stock, on the back of a strong loan growth, robust fee income, strong asset quality, and other factors.
The lender's shares have gained 20 percent in the last six months and 29 percent in the last one year
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ICICI Bank surpassed UBS to become the 18th largest bank in terms of market capitalization globally on June 25. ICICI Bank currently has a market capitalization of $98.9 billion.
UBS Bank, on the 19th position, currently has a market capitalization of $98.12 billion.
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JP Morgan Chase tops the chart, with a market capitalization of $$571.11 billion. It is followed by Bank of America, which has a market capitalization of $312.97 billion. On the third place is ICBC with a market capitalization of $258.54 billion.
ICICI Bank shares closed 2.9 percent up at Rs 1204 at the National Stock Exchange. The lender's shares have gained 20 percent in the last six months and 29 percent in the last one year. In comparison to this, the Nifty 50 index has gained 10.63 percent in the last six months and 26.91 percent in the last one year.
Recently, Motilal Oswal issued a ‘buy’ rating on ICICI Bank stock, on the back of a strong loan growth, robust fee income, strong asset quality, and other factors. The brokerage’s target price of Rs 1,350 per share implies a 15 percent upside from the previous close.
In the January-to-March quarter, the bank's net profit increased 17.4 percent YoY to Rs 10,707 crore. Its net interest income in the January-March quarter grew to Rs 19,092.8 crore from Rs 17,666.8 crore a year ago.
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