ICICI Bank – Indian multinational banking and financial services company

ICICI Bank – Indian Multinational Banking and Financial Services Company

ICICI ( Industrial Credit and Investment Corporation of India ) is a major banking and financial services organization in India. It is an Indian multinational and financial institution headquartered in Mumbai, Maharashtra, India. This bank established by ICICI Limited in June 1994 at its registered office Vadodara. ICICI was formed in 1955 as an initiative of the World Bank. The main objective was to create a development financial institution providing medium and long term project financing to Indian businesses.

ICICI Bank is the India’s largest private bank in terms of assets and market capitalization. This bank has a  total consolidated assets of Rs. 9,860.43 billion  at March 31, 2017 and profit after tax of Rs. 98.01 billion  for the year ended March 31, 2017. ICICI Bank currently has a network of 4,850 Branches and 13,859 ATM’s across India. Their branches available not only in India but also in other places like Singapore , Bahrain , Hong Kong, Sri Lanka , USA, UAE,  Quatar, China and South Africa.

They providing a wide range of banking and financial services including commercial banking, retail banking, project and co-operate finance, working capital finance, insurance, venture capital and private equity, investment banking and  treasury products and services. Other main main services offered by ICICI Banks are Manage Accounts, Funds Transfer, Cardless Cash Withdrawal, Recharge Prepaid Mobile/DTH Connection, Pay Utility Bills, Credit Card Payments, ICICI Bank Fixed Deposits/Recurring Deposits, Fixed Deposits, ICICI Bank Recurring Deposits through ICICI Bank.

Ms. Chanda Kochhar is the Managing Director and CEO of ICICI Bank Limited. Her leadership makes this bank as India’s largest private sector bank. ICICI Bank has won several awards. ICICI Bank’s equity shares are listed in India on Bombay Stock Exchange and the National Stock Exchange of India Limited and its American Depositary Receipts (ADRs) are listed on the New York Stock Exchange (NYSE).

Leave a Reply

Your email address will not be published. Required fields are marked *