Mumbai: The country`s largest private lender ICICI Bank has joined the Rs1-trillion (Rs100,000 crore) market cap club that includes Reliance Industries, ONGC, Bharti Airtel, NTPC, Reliance Communications, Infosys and Tata Consultancy Services.

ICICI Bank has become the eighth company on the bourses to cross the Rs1,00,000 crore mark following the recent listing of its fresh 5.81 crore equity shares on the bourses.

The bank`s market capitalisation rose to Rs1,03,003.37 crore with its shares trading at Rs970.75, down 1.13 per cent from its high, on the Bombay Stock Exchange in the afternoon trade.

The scrip surged to an intra-day high of Rs985 on the exchange and a total of 6.87 lakh shares of ICICI bank were traded by the afternoon session.

ICICI Bank had lost its eighth position in terms of market cap briefly to realty major DLF after its recent listing on the bourses. DLF has now slipped to the ninth rank with market cap of about Rs97,359 crore.

ICICI Bank had raised over Rs 5,400 crore in a follow-on public offer which had received robust investor response getting subscribed 11.50 times.

Meanwhile, ICICI bank has opened a branch in Jhajjar district of Haryana to advise farmers how to reinvest the huge cash they are receiving on sale of land to Reliance Industries for its SEZ in the area.

ICICI bank has gone to the area on the advice of Reliance, which wanted the goodwill of the farmers besides ensuring that they invest the proceeds from the sale of land wisely.

Majority of farmers who sold their land to Reliance have gone to buy plots in Rajasthan and other states in the region. "Thus, there was no land alienation on a large scale," a government official said.

While Reliance is busy taking measures to build its goodwill among farmers, its joint venture with state government has already been transferred 1,715 acres of land that was earlier with the Haryana State Industrial Development Corporation.

The farmers are being advised by ICICI about the traditional investment options. "This would ensure regular income and security for them (farmers) who do not have other skills," the official said.