ICICI Bank partners with the Ministry of Road Transport & Highways, National Highway Authority of India (NHAI) and Indian Highways Management Company (IHMCL) for the launch of the Electronic Toll Collection (ETC) programme on the National Highway 8 (NH-8). This service enables motorists to pay tolls electronically without stopping at the toll plazas in the 1428-km highway which connects the country’s national capital Delhi with financial capital Mumbai.

With the Ahmedabad - Delhi corridor of NH-8 being brought under the ETC programme today, the entire highway is now covered by this programme. The Bank launched the ETC programme on the Mumbai - Vadodara stretch of NH8 and Vadodara - Ahmedabad Expressway last year.

Commenting on the launch, Chanda Kochhar, managing director & CEO, ICICI Bank said, ''ICICI Bank is delighted to be associated with implementation of Electronic Toll Collection on national highways. We were the first bank in the country to launch this innovative service on the Mumbai - Vadodara corridor of NH8 in 2013. ETC substantially enhances convenience for users, and we believe it will play a very important role in contributing to the growth of cashless payments in India. We are working with the Ministry, NHAI and IHMCL to cover more highways under ETC in the near future.''

Shares of the bank declined Rs 2, or 0.12%, to trade at Rs 1,609.50. The total volume of shares traded was 246,461 at the BSE (2.13 p.m., Friday).