Hai Roshan A

Both banks are Private Banks, just like HSBC, Citi, Standard Chartered, etc.
You are right in ICICI & HDFC were government of India Undertakings. But the sit
uation is different now.
ICICI started ICICI Bank. At that point of time the government had indirect owne
rship through ICICI. Then the government disinvested from ICICI, and ICICI itsel
f was merged in ICICI Bank!
The owners of the banks are its share holders.
The share holders comprise of Promoters and Public.
The Public shareholding comprise of Institutions & Non-institutions.
Institutions include both Indian(UTI, Mutual Funds, FInancial Institutions, Othe
r Banks, Insurance companies - like LIC & GIC, even state & central governments)
& Foreign(for instance Temasek of Singapore, Govt. of Singapore, etc).
Non-Institutions mean individuals like you & me, and bodies which do not come un
der the category of institutions, as exemplified above.
At present, Promoters hold @25% of shares in HDFC Bank. Institutions hold @35%,
Non-Institutions hold @22% & Custodians hold @18%.
Shareholding pattern of most companies are available in their websites and are u
sually updated every 3 months.
For HDFC Bank go to:
For ICICI Bank go to: http://icicibank.com/pfsuser/aboutus/ove...
You can know the shareholding of any listed company by visiting the websites of
Bombay Stock Exchange & National Stock Exchange at www.bseindia.com & www.nseind
ia respectively.
Other Answers (2)
Harinder S. Johal answered 7 years ago
ICICI and HDFC are private banks under licence from Reserve Bank of India. T
hese are the biggest private banks in India, CITI Bank, SCB, HSBC, are multinati
onal banks in India
Mr H.T. Parekh, founder of HDFC Bank and Mr Deepak Parekh, who is the current Ch
(1955)The Industrial Credit and Investment Corporation of India Limited (ICICI)
incorporated at the initiative of the World Bank, the Government of India and re
presentatives of Indian industry, with the objective of creating a development f
inancial institution for providing medium-term and long-term project financing t
o Indian businesses. Mr.A.Ramaswami Mudaliar elected as the first Chairman of IC
ICI Limited.

N Vaghul Narayanan Vaghul Former CEO. and was its wholly-owned subsidiary. the Padma Bhushan. ICICI Bank was originally promoted in 1994 by ICICI Limited. which made him one of India's young est Chairman of a nationalised bank at the age of 44. who is undoubtedly one of India's finest visionaries today. an Indian financial institution. With 50 years of rich experience in the banking and financial services industry behind him. In 1985. by the Government of India for his services to th e banking industry and to society.Deepak Parekh is now a chairman of HDFC Bank. ICICI Bank Narayanan Vaghul is the Chairman of the Investment Committee at Ventureast. His son Mr. and founder of ICICI is Mr. Mr. . He has also served as a consultant to th e World Bank. Mr. At the age of 64 . he was conferred the third highest civi lian honor. His peopl e and problem solving abilities quickly took him to heights many young and aspir ing bankers in India can only dream of reaching. the International Finance Corporation and the Asian Development Ba nk. ICICI's shareholding in ICICI Bank was reduced to 46% through a public offering of shares in India in fiscal 1998.Parekh. the Government of India and representatives of Indian industry.Kamath appointed the Managing Director and CEO of ICICI Ltd Other Answers (2) Relevance sukhjinder_sehgal answered 6 years ago Founder of HDFC Bank is V. K. he was appointed as Chairman of the Industrial Credit and Investment Co rporation of India (ICICI).V. to becoming the Chairman and Managing Director of the Bank of India. Narayanan Vaghul continues to be as busy as ever. an equity offering in the form of ADRs listed on the NYSE in fiscal 2000. as an officer in the State Bank of India. The principal objective was to create a development financial institution for provi ding medium-term and long-term project financing to Indian businesses. ICICI Bank's acquisition of Bank of Madura Limited in an all-stock amalgamation in fiscal 2001.(1996)Mr. now known as ICICI Bank and was instrumental in grow ing the organisation from a small-size development financial institution to a la rge diversified financial conglomerate. and secondary market sales by ICICI to institutional investors i n fiscal 2001 and fiscal 2002. ICICI was formed in 1955 at the initiative of the World Bank. Vaghul. he now serves as a director on the boards of many leading Indian com panies. started his career on a modest note. India. Since 1998 he has been a visiting professor at New York University. teac hing a regular course "Emerging Economies" to MBA students. More recently. His work takes him a ll over the country though he is now settled in Chennai. Vaghul was presented the Business Man of the Year Award in 1991 by Indian bu siness journal 'Business India' and later given the lifetime achievement award b y the Times publications. From being appointed the Direct or of the National Institute of Bank Management (NIBM). it was simply one mileston e after another.

ICICI become the fir st Indian company and the first bank or financial institution from non-Japan Asi a to be listed on the NYSE. (Click here to view a copy of the Code) . ICICI Per sonal Financial Services Limited and ICICI Capital Services Limited. with ICICI Bank. Conse quent to the merger. the managements of ICICI and ICICI Bank formed the view that the merger of ICICI with ICICI Bank would be the optimal strategic al ternative for both entities. the Boards of Directors of ICICI and ICICI Bank approved the me rger of ICICI and two of its wholly-owned retail finance subsidiaries.In the 1990s. the ICICI group's financing and banking operations. great er opportunities for earning fee-based income and the ability to participate in the payments system and provide transaction-banking services. have been integrated in a single entity. and by the High Court of Judicature at Mumbai and the Reserve Bank of India in April 2002. and would create the optimal legal structure for th e ICICI group's universal banking strategy. In 1999. The merger was approved by shareholders of ICICI and ICICI Bank in January 2002. After consideration of various corporate structuring alternatives in the context of the emerging competitive scenario in the Indian banking industry. both wh olesale and retail. and the mo ve towards universal banking. and access to the vast talent pool of ICICI and its subsidiaries. The merger would enhance value for I CICI shareholders through the merged entity's access to low-cost deposits. higher market share in va rious business segments. ICICI transformed its business from a development financial instit ution offering only project finance to a diversified financial services group of fering a wide variety of products and services. by the High Court of Gujarat at Ahmedabad in March 2002. entry into new business segments. In October 2001. ICICI Bank has formulated a Code of Business Conduct and Ethics for its director s and employees. The merger would e nhance value for ICICI Bank shareholders through a large capital base and scale of operations. particularly fee-based services. both directly and through a numb er of subsidiaries and affiliates like ICICI Bank. seamless access to ICICI's strong corporate relationships built u p over five decades.