X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2017 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
Bank while you speak - ICICI Bank - Views on News from Equitymaster
 
 
  • PRINT
  • E-MAIL
  • FEEDBACK
  • A  A  A
  • Mar 15, 2000

    Bank while you speak - ICICI Bank

    ICICI Bank has launched mobile commerce (m-commerce) services for its customers. In Mumbai they have tied up with Orange and in Delhi with Airtel, the respective cellular service providers.

    ICICI Bank, a subsidiary of ICICI reported a turnover of Rs 6.3 bn as at March'99. Ina span of five years of operations its branch network has expanded to 55. Its capital adequacy ratio was 11.06% as at March'99.

    This m-commerce facility will allow subscribers of the respective cell phone companies who are also account holders and credit card holders of ICICI Bank to get information on their accounts via their cell phones.

    The service for this product is going to be built in two phases. The first phase would be the query module, in which customers can handle banking queries such as balance update, request for a cheque book, details of transactions and request for statements. In the second phase they will add a transaction phase whereby a customer will be to instruct fund transfers and make bill payments.

    ICICI Bank also plans to launch demat account related services to its customers soon.

    ICICI Bank and HDFC Bank, the technology savvy banks have been launching a host of services to make banking convenient to its customers. This move by ICICI Bank will help it garner up more customers. There will be many Orange subscribers who currently do not have an account with ICICI Bank or who are not credit card holders and will get tempted to start banking with ICICI Bank due to these new services.

    HDFC Bank too has been very aggressive on the internet banking front and was the first to launch phone bill payments via the net. This enables HDFC account holders to pay their phone bills at their convenience to their respective mobile phone/telephone companies.

    Recently ICICI Bank has launched a 50:50 joint venture with Satyam Infoway to offer retail banking products over the internet.

    As competition in the retail segment is on the rise those banks with the technology edge will be able to garner up more customers. They will be able to provide a more convenient and better range of products and services and this will eventually lead to banking from the convenience of your home.

    The mobile phone segment is also on a growth phase as the cost of mobile phones has come down & tariffs are also lower. This would give a boost to these facilities offered by banks. If the tariffs for calls received on mobile phones is done away with, there would be a big jump to the quantum of mobile phone subscribers.

    These two banks will be able to increase their market share substantially in the coming years. The public sector banks however will not be able to provide these services to customers for a long time as they are not fully computerised and lack on this front. Also the PSU Banks are saddled with other problems like high staff costs and huge branch networks.

    Market View:
    ICICI Bank has good growth prospects and is a technology savvy bank. Its on the "BUY" list of many analysts.

     

     

    Equitymaster requests your view! Post a comment on "Bank while you speak - ICICI Bank". Click here!

      
     

    More Views on News

    ICICI Bank: Loan Slippages Trending Downwards (Quarterly Results Update - Detailed)

    Aug 10, 2017

    Asset quality will be the key thing to watch out for going forward.

    ICICI Bank: Provision Costs Up 5 Fold In First Half of FY17 (Quarterly Results Update - Detailed)

    Nov 18, 2016

    ICICI Bank declared the results for the second quarter of financial year ending March 2017 (2QFY17). The bank reported a flattish net interest income while net profits grew by 2.4%YoY in 2QFY17.

    IDFC Bank: Strong Trading Income Shields Credit Slowdown (Quarterly Results Update - Detailed)

    Aug 10, 2017

    IDFC Bank is taking steps to address contracting NIMs and successfully transition in to a retail bank.

    Axis Bank: Outside Watchlist Slippages a Big Worry (Quarterly Results Update - Detailed)

    Jul 31, 2017

    Almost 74% of the watchlist as provided by the bank of Rs 226 billion in FY16 has turned into non-performing assets.

    HDFC Bank: Asset Quality Deteriorates due to Farm Loan Waiver (Quarterly Results Update - Detailed)

    Jul 25, 2017

    Asset quality was under pressure on account of farm loan waivers. Despite the higher provisioning, the company reported a healthy profit growth of 20%.

    More Views on News

    Most Popular

    Demonetisation Barely Made Any Difference to Tax Collections(Vivek Kaul's Diary)

    Aug 7, 2017

    The data tells us quite a different story from the one the government is trying to project.

    Proxy Plays: A Smart Way to Bet on 'Off Limits' Companies(The 5 Minute Wrapup)

    Aug 4, 2017

    The small-cap space is full of small players that are clear proxies to great growth stories and Indian megatrends.

    Should You Invest In Bharat-22 ETF? Know Here...(Outside View)

    Aug 8, 2017

    Bharat-22 is one of the most diverse ETFs offered so far by the Government. Know here if you should invest...

    Signs of Life in the India VIX(Daily Profit Hunter)

    Aug 12, 2017

    The India VIX is up 36% in the last week. Fear has gone up but is still low by historical standards.

    7 Financial Gifts For Your Sister This Raksha Bandhan(Outside View)

    Aug 7, 2017

    Raksha Bandhan signifies the brother-sister bond. Here are 7 thoughtful financial gifts for sisters...

    More
    Copyright © Equitymaster Agora Research Private Limited. All rights reserved.
    Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.

    LEGAL DISCLAIMER: Equitymaster Agora Research Private Limited (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA or Canada, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.

    SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.

    Equitymaster Agora Research Private Limited. 103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
    Telephone: +91-22-61434055. Fax: +91-22-22028550. Email: info@equitymaster.com. Website: www.equitymaster.com. CIN:U74999MH2007PTC175407
     

    Become A Smarter Investor In
    Just 5 Minutes

    Multibagger Stocks Guide 2017
    Get our special report, Multibagger Stocks Guide (2017 Edition) Now!
    We will never sell or rent your email id.
    Please read our Terms

    ICICI BANK SHARE PRICE


    Aug 17, 2017 (Close)

    TRACK ICICI BANK

    • Track your investment in ICICI BANK with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
    • Add To MyStocks

    ICICI BANK - FEDERAL BANK COMPARISON

    Compare Company With Charts

    COMPARE ICICI BANK WITH

    MARKET STATS