ICICI was established in 1955 as a private institution through deliberations between the government of India, the World Bank, and American financiers to provide medium and long term project finance and infrastructure finance to private industry in India. ICICI has grown to become a universal banking group offering a broad range of financial products and services. Its vision is to be a globally competitive player through constant innovation and adoption of cutting edge technology to provide superior customer solutions, while its mission is to become an e-commerce powerhouse.
ICICI was established in 1955 as a private institution through deliberations between the government of India, the World Bank, and American financiers to provide medium and long term project finance and infrastructure finance to private industry in India. ICICI has grown to become a universal banking group offering a broad range of financial products and services. Its vision is to be a globally competitive player through constant innovation and adoption of cutting edge technology to provide superior customer solutions, while its mission is to become an e-commerce powerhouse.
ICICI was established in 1955 as a private institution through deliberations between the government of India, the World Bank, and American financiers to provide medium and long term project finance and infrastructure finance to private industry in India. ICICI has grown to become a universal banking group offering a broad range of financial products and services. Its vision is to be a globally competitive player through constant innovation and adoption of cutting edge technology to provide superior customer solutions, while its mission is to become an e-commerce powerhouse.
INDUSTRIAL CREDIT AND INVESTMENT CORPORATION OF INDIA
GENESIS OF ICICI ICICI was organized as a wholly owned private institutions and was established in Jan , 1955.
ICICI was established as a result of certain deliberations among the government of India , the world bank and certain American financiers.
The ICICI has been able to create a Universal banking group, offering a broad range of complementary financial products and services to a large client base. CORPORATE VISION
A globally competitive player through constant innovation and adoption of cutting edge technology to provide superior customer solutions.
CORPORATE MISSION
Becoming an e-commerce power house and emerge as a click and brick banker. TASKS OF ICICI To provide medium and long term project finance and infrastructure finance to private industry in India. To provide asset credit. To make funds available for investment by revolving investment as rapidly as possible. To provide suppliers line of credit. To provide treasury and custodial services to private sector industrial enterprises. Corporate strategy of ICICI The ICICI uses advance information technology as a means of customer acquisition and retention.
To restrict its exposure in corporate finance products primarily to highly rated customers in order to ensure minimal credit risk.
The ICICI believes that strategy of business diversification will help to achieve more stable revenues and lower the risk to shareholder return. ACTIVITIES OF ICICI ACTIVITIES OF ICICI FUND BASED ASSET CREDIT SUPPLIERS LINE OF CREDIT FEE BASED ADVISORY SERVICES OPERATIONAL POLICIES OF ICICI Policy regarding project appraisal. Policy on nature of industrial projects to be assisted. Policy on size of assistance. Policy on firms of assistance. Policy on duration of assistance . Policy on security and margin