ICICI BANK

ByBhoumik Chandrakar

Corporate history

• ICICI Bank was established by the Industrial Credit and Investment Corporation of India, an Indian financial institution, as a wholly owned subsidiary in 1954. 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. The bank was initially known 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.

Profile

• Type – Public • Industry - Banking, Financial services• Founded – 1954• Headquarters – Mumbai, India• Key people – K.V. Kamath, & Chanda Kochhar

Introduction

• ICICI Bank is an Indian multinational bank and financial services company headquartered in Mumbai. It is the second largest bank in India by assets and third largest by market capitalization. The Bank has a network of 3,514 branches and 11,063 ATM's in India, and has a presence in 19 countries.• CICI Bank launched internet banking operations in 1998.

Products of ICICI Bank

• Credit cards, Consumer banking, Corporate banking, Finance and Insurance, Investment banking, Mortgage loans, Private banking, wealth management.

Objectives

• ICICI Bank’s Green initiative is to make healthy environment in the organization i.e.; to create intrapersonal skills among the customer and understanding between employees of the organization

Corporate Social Responsibility programs for Elementary Education

• Read to Lead is an initiative of ICICI Bank to facilitate access to elementary education for underprivileged children in the age group of 3–14 years including girls and tribal children from the remote rural areas

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