ICICI Bank Stock Update: Share Price Rallies 1.35% on FCNR(B) Inflows
ICICI Bank (NSE: ICICIBANK) share price is up +1.35% at ₹1,445.70 in a live intraday stock update, driven by significant FCNR(B) deposit mobilisation and strategic acquisition.
ICICI Bank (NSE: ICICIBANK) is witnessing a robust upward movement in today's intraday trading, with its share price currently trading at ₹1,445.70. This marks a significant gain of +1.35% from its previous close of ₹1,426.50. The private banking major opened the session at ₹1,438.30, demonstrating early buying interest, and has since climbed to an intraday high of ₹1,449.00, while holding above its intraday low of ₹1,436.00. The current volume of 1,548,843 shares appears healthy, reflecting investor participation in the stock's positive momentum.
| ICICIBANK – Stock Updates as of (9:32AM, 03 Sep 2026) | |||
|
LTP
₹1,445.70 |
Open
₹1,438.30 |
High
₹1,449.00 |
Low
₹1,436.00 |
|
52W High
₹0.00 |
52W Low
₹0.00 |
Volume
1,548,843 |
% Chg
+1.35% |
ICICI Bank Nears 52-Week High at ₹1,480
In terms of its annual performance, ICICI Bank is trading near the upper end of its 52-week range. The stock's 52-week high stands at ₹1,480.00, while its 52-week low is ₹1,187.60. Today's upward trajectory is bringing the stock closer to its annual peak, indicating strong underlying sentiment and potentially testing key resistance levels. The persistent buying interest suggests that investors are re-evaluating the stock's potential, possibly driven by recent positive corporate developments. Reliance Industries Stock Update: Share Price Edges Up on Jio IPO News.
ICICI Bank’s FCNR(B) Deposits Surge to $17.88 Billion
The primary catalyst driving ICICI Bank's impressive intraday performance appears to be the substantial mobilisation of funds under the Reserve Bank of India's (RBI) Foreign Currency Non-Resident (Bank) deposit scheme. ICICI Bank successfully garnered approximately $17.88 billion through FCNR(B) deposits by August 31, 2026. This significant inflow underscores the bank's robust capacity for foreign currency funding and has been met with positive commentary from global brokerages. Both UBS and Citi have reportedly reiterated their 'Buy' ratings on ICICI Bank, setting target prices of ₹1,800 and ₹1,770, respectively, citing this strong FCNR(B) deposit growth as a key factor.
Further bolstering investor confidence, ICICI Bank recently completed the acquisition of an additional 2% stake in its subsidiary, ICICI Prudential Life Insurance Company, for a cash consideration of around ₹1,470 crore. This strategic move increases ICICI Bank's total stake in the life insurer to approximately 52.8%, solidifying its majority control and aligning with regulatory reclassification. This consolidation secures the parent bank's position ahead of a planned rebranding of the life insurer to 'ICICI Life Insurance Limited'. Additionally, the bank's recent pricing of USD 1 billion and USD 750 million Senior Unsecured Fixed Rate Notes through its IFSC Banking Unit further highlights its strong access to global capital markets, reinforcing its financial strength. Stocks To Buy or Sell Today, September 3, 2026: ICICI Bank, Meesho and Pine Labs Among Shares That May Remain in Focus on Thursday.
For the remainder of the session, investors will be closely watching if ICICI Bank can sustain its current momentum and potentially breach its 52-week high. The strong FCNR(B) inflows are expected to contribute positively to the bank's liquidity and growth outlook in the near term.
Disclaimer: The information provided in this article is based on news reports and is not intended as investment advice. Investing in stocks involves risk. LatestLY advises its readers to consult with a financial advisor before making any investment decisions.
(The above story first appeared on LatestLY on Sep 03, 2026 09:33 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
