The full form of ICICI is Credit and Investment Corporation of India. It was the parent organization of ICICI Bank which was converged into ICICI Bank in 2002. After the merger, ICICI became ICICI Bank so it is presently called ICICI Bank. It is settled in Mumbai, Maharashtra, India and is working in 17 nations around the globe.
icici stands for
ICICI stands for Credit and Investment Corporation of India.
Product and Services
A portion of the mainstream items and administrations of ICICI bank are recorded beneath:
Cards, for example, Mastercard, charge card and business card
Credits, for example, home advance, individual advance, vehicle advance and two – wheeler advance
Speculations, for example, common store, charge arrangements and PPF
Protection, for example, general protection, medical coverage and extra security
Store plans, for example, fixed store (FD) and repeating store (RD) plans
Business banking which incorporates wide scope of current record items, web banking and portable banking
Individual financial which offers sparing record with different advantages like check card, Mastercard and web banking
In 1955, Industrial Credit and Investment Corporation of India (ICICI) was established.
In 1994, ICICI entered the financial business by setting up ICICI bank restricted as its financial auxiliary.
In 1998, ICICI bank turned into the first bank to dispatch web banking in Quite a while.
In 200, it turned into the main Indian bank recorded on the New York Stock trade.
In 2001, ICICI obtained Bank of Madura which was set up on 1943.
In 2002, Directors of ICICI and ICICI Bank endorsed the opposite merger of ICICI (parent organization) into ICICI Bank (auxiliary).
In 2003, ICICI Bank opened its branches the Canada, the United Kingdom (UK) and in Singapore. It likewise settled delegate workplaces in Shanghai and Dubai.
In 2004, it opened an office in Bangladesh to the broad financial market in Bangladesh and South Africa.
In 2005, ICICI Bank obtained Investitsionno-Kreditny Bank (IKB), a Russian Bank and renamed it ICICI Bank Eurasia. In this year, it additionally settled a branch in Dubai and Hong Kong.
In 2006, it set up a branch in Antwerp, Belgium and agent workplaces in Bangkok, Jakarta and Kuala Lumpur.
In 2007, it obtained the Sangli Bank which has 158 branches in Maharashtra and 31 fanned in Karnataka.
In 2008, with the consent of US Federal Reserve, it changed over its New York office into a part of ICICI bank. In this year, it likewise opened a branch in Frankfurt.
In 2013, it turned into the principal private area bank to dispatch versatile branch with ATM in Maharashtra.
|Industry||Banking, Financial services|
|Headquarters||(Registered Office) ICICI Bank Tower, Near Chakli Circle, Old Padra Road, Vadodara, Gujarat, India, (Corporate Office) ICICI Bank Towers, Bandra Kurla complex, Mumbai, Maharashtra, India|
|Key people||Girish Chandra Chaturvedi|
(Chairman) Sandeep Bakhshi
(MD & CEO)
|Products||Retail banking, corporate banking, investment banking, mortgage loans, private banking, wealth management, credit cards, finance and insurance|
|Number of employees||84,922 (2019)|