ICICI Bank
Type	Private BSE & NSE:ICICI, NYSE: IBN
Founded	1955 (as Industrial Credit and Investment Corporation of India)
Headquarters	ICICI Bank Ltd., ICICI Bank Towers, Bandra Kurla, Mumbai, India
Key people	N Vaghul, K.V.Kamath, Chanda Kochhar, Kalpana Morparia, V Vaidyanathan, Madhabi Puri
Products	Loans, Credit Cards, Savings, Investment vehicles, Insurance etc.
Revenue	▲ USD 5.79 billion
Total assets	रू. 1,676.59 bn(USD 38.5 bil)
Website	www.icicibank.com

ICICI Bank HQ at BKC Mumbai

ICICI Bank (BSE: ICICI) (formerly Industrial Credit and Investment Corporation of India) is India's largest private sector bank in market capitalization and second largest overall in terms of assets. ICICI Bank has total assets of about USD 79 Billion (end-Mar 2007), a network of over 950 branches and offices, about 3600 ATMs, and 24 million customers (as of end July 2007). ICICI Bank offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and through its specialised subsidiaries and affiliates in the areas of investment banking, life and non-life insurance, venture capital and asset management. ICICI Bank is also the largest issuer of credit cards in India. ^[1]. ICICI Bank has listed its equity shares on stock exchanges at Kolkata and Vadodara, Mumbai and the National Stock Exchange of India Limited, and its ADRs on the New York Stock Exchange (NYSE). Image File history File links Icicibank. ... A private company is a company that is independently owned. ... The Bombay Stock Exchange The Bombay Stock Exchange Limited (Marathi:मुंबई शेयर बाजार) (formerly, The Stock Exchange, Mumbai; popularly called The Bombay Stock Exchange, or BSE) is the oldest stock exchange in Asia. ... The National Stock Exchange of India Limited (NSE), is a Mumbai-based stock exchange. ... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange. ... Year 1955 (MCMLV) was a common year starting on Saturday (link displays the 1955 Gregorian calendar). ... ICICI Bank (formerly Industrial Credit and Investment Corporation of India) is Indias largest private bank. ... Image File history File links Flag_of_India. ... , Bombay redirects here. ... This article is about the payment system. ... For the tax agency in Ireland of the same name, see Revenue Commissioners. ... The United States dollar is the official currency of the United States. ... In business and accounting an asset is anything owned, whether in possession or by right to take possession, by a person or a group acting together, e. ... The United States dollar is the official currency of the United States. ... A website (alternatively, web site or Web site) is a collection of Web pages, images, videos or other digital assets that is hosted on one or more web servers, usually accessible via the Internet. ... The Bombay Stock Exchange The Bombay Stock Exchange Limited (Marathi:मुंबई शेयर बाजार) (formerly, The Stock Exchange, Mumbai; popularly called The Bombay Stock Exchange, or BSE) is the oldest stock exchange in Asia. ... Outdoor ATMs may be free-standing, like this kiosk, or built into the side of banks or other buildings. ... , “Calcutta” redirects here. ... , Vadodara (Gujarati: વડોદરા,Marathi:बडोदा)  ), also known as Baroda, is the third most-populated town in the Indian state of Gujarat after Ahmedabad and Surat. ... , Bombay redirects here. ... The National Stock Exchange of India Limited (NSE), is a Mumbai-based stock exchange. ... An American Depositary Receipt (ADR) is how the stock of most foreign companies trades in United States stock markets. ... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange. ...

The Bank is expanding in overseas markets and has the largest international balance sheet among Indian banks. The Bank now has wholly-owned subsidiaries, branches and representatives offices in 18 countries, including an offshore unit in Mumbai. This includes wholly owned subsidiaries in the UK, Canada and Russia, offshore banking units in Singapore and Bahrain, an advisory branch in Dubai, branches in Sri Lanka, Hong Kong and Belgium, and rep offices in the US, China, United Arab Emirates, Bangladesh, South Africa, Indonesia, Thailand and Malaysia. In particular, the bank is targeting the NRI (Non Resident Indian) population

ICICI Bank reported marked-to-market loss of $264 million as of January 31, 2008 following USA subprime mortgage crisis^[2]. The subprime mortgage crisis is an ongoing problem manifesting itself through liquidity issues in the banking system which have become more prevalent due to foreclosures which accelerated in the United States in late 2006 and triggered a global financial crisis during 2007 and 2008. ...

History

• 1955 The World Bank, the Government of India and representatives of Indian industry formed ICICI Limited as a development finance institution to provide medium-term and long-term project financing to Indian businesses. (Similar financial institutions included IDBI and SIDBI). ICICI was not a bank - it could not take retail deposits - and nor was it required to comply with Indian banking requirements for liquid reserves. ICICI borrowed funds from many multilateral agencies (such as the World Bank), often at concessional rates. It used these to make large corporate loans.

• 1994 ICICI established ICICI Banking Corporation as a banking subsidiary. Later, ICICI Banking Corporation was renamed as 'ICICI Bank Limited'. ICICI founded a separate legal entity, ICICI Bank, to undertake normal banking operations - taking deposits, credit cards, car loans etc.
• 1999 ICICI became the first Indian company and the first bank or financial institution from non-Japan Asia to list on the NYSE.
• 2001 ICICI acquired Bank of Madura (est. 1943). Bank of Madura was a Chettiar bank, and had acquired Chettinad Mercantile Bank (est. 1933) and Illanji Bank (established 1904) in the 1960s.
• 2002 The Boards of Directors of ICICI and ICICI Bank approved the reverse merger of ICICI, ICICI Personal Financial Services Limited and ICICI Capital Services Limited, into ICICI Bank. After receiving all necessary regulatory approvals, ICICI integrated the group's financing and banking operations, both wholesale and retail, into a single entity. Also in 2002, ICICI Bank bought the Shimla and Darjeeling branches that Standard Chartered Bank had inherited when it acquired Grindlays Bank.
• 2002 ICICI established representative offices in NY and London.
• 2003 ICICI opened subsidiaries in Canada and the United Kingdom (UK), and in the UK it established alliance with Lloyds TSB. It also opened an Offshore Banking Unit (OBU) in Singapore and representative offices in Dubai and Shanghai.
• 2004 ICICI opens a rep office in Bangladesh to tap the extensive trade between that country, India and South Africa.
• 2005 ICICI acquired Investitsionno-Kreditny Bank (IKB), a Russia bank with about US$4mn in assets, head office in Balabanovo in the Kaluga region, and with a branch in Moscow. ICICI renamed the bank ICICI Bank Eurasia. ICICI Bank offered a high-interest (5.4% gross) internet savings account to UK customers. Also, ICICI established a branch in Dubai International Financial Centre and in Hong Kong.
• 2006 ICICI Bank UK opened a branch in Antwerp, in Belgium. ICICI opened representative offices in Bangkok, Jakarta, and Kuala Lumpur.
• 2007 ICICI amalgamated Sangli Bank, which was headquartered in Sangli, in Maharashtra State, and which had 158 branches in Maharashtra and another 31 in Karnataka State. ICICI also received permission from the government of Qatar to open a branch in Doha and from the US Federal Reserve to open a branch in New York. ICICI Bank Eurasia opened a second branch, this time in St. Petersburg.
• 2008 ICICI Bank launched [2] iMobile, a comprehensive Mobile banking solution. iMobile is considered to be a breakthrough innovation in Indian Banking which allows a customer to do all possible transactions through a GPRS-enabled mobile phone.

Year 1955 (MCMLV) was a common year starting on Saturday (link displays the 1955 Gregorian calendar). ... The World Bank logo The World Bank (the Bank) is a part of the World Bank Group (WBG), is a bank that makes loans to developing countries for development programs with the stated goal of reducing poverty. ... Judiciary Supreme Court of India Chief Justice of India High Courts District Courts Elections Political Parties Local & State Govt. ... The Small Industries Development Bank of India is a state-run bank aimed to aid the growth and development of cottage industries, private enterpreneurship and small-scale industries in India. ... Year 1994 (MCMXCIV) The year 1994 was designated as the International Year of the Family and the International Year of the Sport and the Olympic Ideal by the United Nations. ... Events of 2008: (EMILY) Me Lesley and MIley are going to China! This article is about the year. ... New York Stock Exchange (June 2003) The New York Stock Exchange (NYSE) is one of the largest stock exchanges in the world. ... This article is about the year. ... Bank of Madura (est. ... Year 1943 (MCMXLIII) was a common year starting on Friday (the link will display full 1943 calendar) of the Gregorian calendar. ... The Chettiars also Chetty, Chetti, Setty, Chitty, Shetty and Shettigar is a title, commonly used by people of South Indian origin in India and abroad. ... Year 1933 (MCMXXXIII) was a common year starting on Sunday (link will display full calendar) of the Gregorian calendar. ... 1904 (MCMIV) was a leap year starting on a Friday (see link for calendar). ... The 1960s decade refers to the years from the beginning of 1958 to the end of 1974. ... Also see: 2002 (number). ... , Shimla   (Hindi: शिमला), originally called Simla, is a city in the Indian state of Himachal Pradesh. ... For other uses, see Darjeeling (disambiguation). ... Standard Chartered Bank (LSE: STAN, SEHK: 2888) is a British bank headquartered in London with operations in more than fifty countries. ... Standard Chartered Bank (LSE: STAN, SEHK: 2888) is a British bank headquartered in London with operations in more than fifty countries. ... Also see: 2002 (number). ... Year 2003 (MMIII) was a common year starting on Wednesday of the Gregorian calendar. ... Year 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... For other uses, see Antwerp (disambiguation). ... Location within Thailand Coordinates: , Country Settled Ayutthaya Period Founded as capital 21 April 1782 Government  - Type Special administrative area  - Governor Apirak Kosayothin Area  - City 1,568. ... Jakarta (also DKI Jakarta), is the capital and largest city of Indonesia. ... Nickname: Motto: Maju dan makmur (English: Progress and Prosper) Location in Malaysia Coordinates: , Country State Establishment 1857 Granted city status 1974 Government  - Mayor (Datuk Bandar) Datuk Abdul Hakim Borhan From 14 December 2006 Area  - Total 243. ... Year 2007 (MMVII) was a common year starting on Monday of the Gregorian calendar in the 21st century. ... The twin cities of Sangli and Miraj are located in the Indian state of Maharashtra, nearly 400 kilometers southeast of Mumbai. ... , Maharashtra (Marathi: महाराष्ट्र , IPA  , translation: Great Nation) is Indias third largest state in area and second largest in population after Uttar Pradesh. ... This article is about the Indian region. ... For other uses, see Doha (disambiguation). ... The Federal Reserve System is headquartered in the Eccles Building on Constitution Avenue in Washington, DC. The Federal Reserve System (also the Federal Reserve; informally The Fed) is the central bank of the United States. ... This article is about the state. ... 2008 (MMVIII) is the current year, a leap year that started on Tuesday of the Anno Domini (or common era), in accordance to the Gregorian calendar. ...

Financials (as of March 31, 2007)

• Profits: USD 715 mln (prev. USD 569 mn)
• Assets: USD 79 bn (prev. USD 56.3 bn)
• Employees: over 33,000 (prev. 25,384)^[3].

References

See also

• Indian banking
• ICICI Lombard
• ICICI Prudential

In India, formal banking originated in the first decade of 18th century with The General Bank of India coming into existence in 1786. ... ICICI Lombard General Insurance Company Limited is a 74:26 joint venture between ICICI Bank Limited and the US-based $26 billion Fairfax Financial Holdings Limited. ... ICICI Prudential is a joint venture between ICICI Bank and Prudential plc engaged in the business of life insurance in India. ...

External links

• ICICI Bank Official website of ICICI Bank Ltd.
• ICICI Bank Customer Service Options to reach Customer Care
• ICICI Bank Customer Compliments Appreciations from customers
• ICICI Communities
• ICICI Bank to start a Banking and Insurance course
• ICICI Direct Online share and mutual funds trading facility
• ICICI Prulife Life Insurance - India’s no 1 Private Life insurance company
• Prudential ICICI Mutual Fund Asset Management
• ICICI Lombard.com India’s no 1 Private general insurance company
• ICICI Bank Canada
• ICICI Bank financial overview at Google Finance
• ICICI Foundation Official website for ICICI Foundation for Inclusive Growth

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