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ICICI Bank: India's Financial Powerhouse

ICICI Bank was established in 1994 as a wholly owned subsidiary of the Industrial Credit and Investment Corporation of India (ICICI), which was originally formed in 1955 as a joint-venture between the World Bank, public-sector banks and insurance companies in India to provide financing to industry. ICICI Bank is now India's second largest bank by assets and market capitalization, offering a wide range of banking products and financial services for corporate and retail customers through over 4,800 branches and 14,000 ATMs across India and 17 other countries.

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136 views1 page

ICICI Bank: India's Financial Powerhouse

ICICI Bank was established in 1994 as a wholly owned subsidiary of the Industrial Credit and Investment Corporation of India (ICICI), which was originally formed in 1955 as a joint-venture between the World Bank, public-sector banks and insurance companies in India to provide financing to industry. ICICI Bank is now India's second largest bank by assets and market capitalization, offering a wide range of banking products and financial services for corporate and retail customers through over 4,800 branches and 14,000 ATMs across India and 17 other countries.

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Aditya More
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Origin

ICICI Bank was established by the Industrial Credit and Investment Corporation of India (ICICI), an
Indian financial institution, as a wholly owned subsidiary in 1994. The parent company was formed in
1955 as a joint-venture of the World Bank, India's public-sector banks and public-sector insurance
companies to provide project financing to Indian industry. [9][10] The bank was founded as the Industrial
Credit and Investment Corporation of India Bank, before it changed its name to the abbreviated ICICI
Bank. The parent company was later merged with the bank.

About the company


ICICI Bank Limited is an Indian multinational banking and financial services company headquartered
in Mumbai, Maharashtra with its registered office in Vadodara, Gujarat. As of 2018, ICICI Bank is the
second largest bank in India in terms of assets and market capitalisation. It offers a wide range of banking
products and financial services for corporate and retail customers through a variety of delivery channels
and specialised subsidiaries in the areas of investment banking, life, non-life insurance, venture
capitaland asset management. As on March 31, 2018, the bank has a network of 4867 branches and
14367 ATMs across India and has a presence in 17 countries including India. [4]
ICICI Bank is one of the Big Four banks of India.

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