According to a statement released by the bank on Saturday, he formerly served as executive director of the state-owned Indian Bank and is a certified chartered accountant.
The floor price is set at Rs.29.98 per share
On the sectoral front, Nifty Bank and Financial Services are dragging down the chart.
Markets may continue to see buying.
The bank chose TCS BaNCS for its future-proof event-based streaming architecture.
ICICI Bank can retain a stake of more than 30% but keep it below 48.02% of the company’s paid-up capital.
ICICI Lombard shares reserved its losses after hitting 52 week low to Rs 1049 on NSE in March. However, in the last 1 month, it has gained 13%.
Sensex surges 400 points; Nifty above 18,600; all index stocks gain; Nifty Bank at record high
Nifty Metal, Nifty Bank, and Nifty Financial Services in red.
Inflation rate in the country is currently at 100%.