ICICI Bank shares touch record price of Rs. 867 after a surge of 14%

02:40:00 PM, Monday 25th of October 2021 | in business

The share price of ICIC Bank touched a record high of Rs. 867 on Monday after a record surge of 14%. The private lender reported significantly great earning in the quarter ending September 30, 2021. ICICI, the second-biggest private sector lender in India, reported a net profit of Rs 5,511 crore, a 30% increase from a year ago. The valuation gap between ICICI Bank and the other banks is expected to decrease.