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    ICICIBANK   INE090A01021

ICICI BANK LIMITED

(ICICIBANK)
  Report
Delayed NSE India Stock Exchange  -  12:25:38 2023-01-30 am EST
807.45 INR   -1.19%
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Tata Consultancy Services Limited and ICICI Bank Announces the Launch of `iLens', Digital Lending Solution

11/29/2022 | 12:27am EST

Tata Consultancy Services (TCS) and ICICI Bank announced the launch of `iLens', a digital lending solution, powered by the TCS lending platform. The first- of-its-kind platform digitizes the entire lending process--from application to disbursement--for everyone, including new-to-bank customers, to offer them unparalleled convenience with faster turnaround of loan applications, greater transparency of loan status and enriched experience. To begin with, `iLens' has started empowering customers, including new-to-bank individuals, to avail housing loans in a completely digital process with hassle-free on-boarding via paperless login, uploading documents, receiving instant sanctions, appraising properties, and disbursement of loans.

ICICI Bank plans to offer other retail loans such as personal, auto and credit cards on this platform. `iLens', which stands for ICICI Bank Lending Solutions, is powered by the TCS Lending Platform and is customized with ICICI Bank's proprietary policies for loans, data-led algorithms and over 130 API integrations including with fintechs, enabling quicker credit assessment, property appraisals, legal and technical documentation. Based on these, many of the new-to-bank customers will also be given pre-approved offers-- yet another industry first initiative.

The platform's mobile-first architecture enables the entire user community to operate it on any device ­ mobiles, tablets, or desktops. It enables greater flexibility, resilience, and future scalability to accommodate the bank's requirements.


ę S&P Capital IQ 2022
Stocks mentioned in the article
ChangeLast1st jan.
ICICI BANK LIMITED -1.12% 807.45 Delayed Quote.-8.27%
TATA CONSULTANCY SERVICES LTD. 0.01% 3411.8 Delayed Quote.4.74%
All news about ICICI BANK LIMITED
01/27Tech, Financial Stocks Weigh Down Asian Equities in Friday Trading
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Analyst Recommendations on ICICI BANK LIMITED
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Financials
Sales 2023 810 B 9 937 M 9 937 M
Net income 2023 313 B 3 843 M 3 843 M
Net Debt 2023 - - -
P/E ratio 2023 18,2x
Yield 2023 0,81%
Capitalization 5 702 B 69 940 M 69 940 M
Capi. / Sales 2023 7,04x
Capi. / Sales 2024 6,14x
Nbr of Employees 130 542
Free-Float 97,8%
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Mean consensus -
Number of Analysts 0
Last Close Price 817,20
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Managers and Directors
Sandeep Bakhshi Chief Executive Officer, MD & Executive Director
Sandeep Batra President & Executive Director
Anindya Banerjee Group Chief Financial Officer
Girish Chandra Chaturvedi Non-Executive Chairman
Ranganath Athreya Secretary, Compliance Officer & General Manager
Sector and Competitors