Nirmal Bang, one of the leading equity research-cum-broking house, has recommended a buy on ICICI Bank with a target of Rs 910 in 4-5 trading sessions.

The report further stated that, if the counter is successful to breach Rs 895, then it will create a huge breakout.

In addition, the firm has suggested a support level for the scrip at Rs 845.

Today (Sep 24), the shares of the company opened at Rs 854.80 on the Bombay Stock Exchange (BSE). Current EPS and P/E of the stock stood at 35.11 & 24.17 respectively. The share price has seen a 52-week high of Rs 890 and a low of Rs 252.75 on BSE.

CGI Group Inc, a major supplier of IT and business process services, has declared that it has signed up a 5-year deal contract with ICICI Bank Canada.

As per the contract terms, CGI would maintain ICICI Bank Canada's High Int Investment Saving A/c on its PrimeSuite recordkeeping platform.

ICICI Bank, on Sep 17, has settled down its point of sale (PoS) terminals. It has decided to sell its PoS assets to First Data Corp for over $80 million.

The assets will be shifted into a partnership company in conjunction with First Data where First Data will own a stake of 81% whereas the country biggest banking institution would hold the remaining 19%. ICICI Bank will make a payment of $15-16 million for stake in the joint venture.

On Sep 09, ICICI Bank said that it has seen development again taking place for home plus auto loans in the second quarter on account of advancement in the credit market conditions.

Chanda Kochhar, MD & CEO, ICICI Bank, announced that the lending rates have bottomed out during the second quarter of 2009 and the rates will progressively start climbing up with an augmentation in credit off-take.