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ICICI Bank - Wikipedia PDF
ICICI Bank - Wikipedia PDF
(US$11 billion)
(2019)[3]
Operating income ₹9,702 crore
(US$1.4 billion)
(2019)[3]
Net income ₹3,363 crore
(US$470 million)
(2019)[3]
Total assets ₹929,652 crore
(US$130 billion)
(2019)[3]
Number of employees 84,922 (2019)[3]
Website www.icicibank.com
History
ICICI Bank was established by the
Industrial Credit and Investment
Corporation of India (ICICI), an Indian
financial institution, as a wholly owned
subsidiary in 1994. 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.[9][10] The bank was founded 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.
Acquisitions
1996: ICICI Ltd. A diversified financial
institution with headquarters in
Mumbai[17]
1997: ITC Classic Finance. incorporated
in 1986, ITC Classic was a non-bank
financial firm that engaged in hire,
purchase, and leasing operations. At the
time of being acquired, ITC Classic had
eight offices, 26 outlets, and 700
brokers.[18]
1997: SCICI (Shipping Credit and
Investment Corporation of India) [19]
1998: Anagram(ENAGRAM) Finance.
Anagram had built up a network of
some 50 branches in Gujarat, Rajasthan,
and Maharashtra that were primarily
engaged in retail financing of cars and
trucks. It also had some 250,000
depositors.[20]
2001: Bank of Madurai[21]
2002: The Darjeeling and Shimla
branches of Grindlays Bank[22]
2005: Investitsionno-Kreditny Bank
(IKB), a Russian bank [23]
2007: Sangli Bank. Sangli Bank was a
private sector unlisted bank, founded in
1916, and 30% owned by the Bahte
family. Its headquarters were in Sangli in
Maharashtra, and it had 198 branches. It
had 158 in Maharashtra and 31 in
Karnataka, and others in Gujarat, Andhra
Pradesh, Tamil Nadu, Goa, and Delhi. Its
branches were relatively evenly split
between metropolitan areas and rural or
semi-urban areas.[24]
2010: The Bank of Rajasthan (BOR) was
acquired by the ICICI Bank in 2010 for
₹30 billion (US$420 million). RBI was
critical of BOR's promoters not reducing
their holdings in the company. BOR has
since been merged with ICICI Bank.[17]
Products
ICICI Bank offer products and services like
online money transfer & tracking service,
loans, automated lockers, credit card,
debit card and digital wallet.[34]
Subsidiaries
Domestic E…
International E…
Type Subsidiary
ISIN INE090A01021
Founded 2003
Website www.icicibank.ca
ICICI Bank Canada is a wholly owned
subsidiary of ICICI Bank (NYSE: IBN), a
leading private sector bank in India. ICICI
Bank Canada's corporate office is located
in Toronto, Ontario. Established in
December 2003,[36] ICICI Bank Canada is a
full-service direct bank with an asset base
of about $6.7 billion as at December 31,
2018.[36] It is governed by Canada's Bank
Act and operates under the supervision of
the Office of the Superintendent of
Financial Institutions.[37] The bank has
eight branches in Canada: one in each of
Calgary, Alberta and Delta, British
Columbia, and six in the Greater Toronto
Area, Ontario.[36]
In 2003, ICICI Bank Canada was
established as a Schedule II (foreign-
owned or -controlled) bank. It was
incorporated in November, and opened its
head office and downtown Toronto branch
in December.[36] In 2004, the bank opened
its Brampton branch in Ontario and
launched an online banking platform. In
2005, it launched its Financial Advisor
Services channel and opened a branch in
Scarborough, Ontario. In 2007, it opened
its Mississauga branch in Ontario. In 2008,
the bank relocated its corporate office to
the Don Valley Business Park in Toronto,
Ontario. It also opened three branches in
the same year: Don Valley Parkway in
Ontario, Surrey in British Columbia and
Calgary in Alberta. In 2009, it opened its
second branch in Brampton, Ontario. In
2010, it launched its Mortgage Broker
Services channel that services mortgage
brokers in Alberta, British Columbia,
Manitoba, Ontario and Saskatchewan. In
2014, the bank launched its Mobile
Banking app. In 2019, Surrey Branch was
relocated to a bigger premises in Delta.[36]
See also E…
Controversies
2004
2007
2009
2010
2012
2013
ICICI Bank has been adjudged winner at
the Express IT Innovation Award under
the Large Enterprise category[69]
ICICI Bank won the RMAI received the
"Gram Samvad", Service for Low
cost/Small budget marketing initiative
Award by Rural Marketing Association
of India (RMAI).[70]
ICICI bank won the 'Next Generation
Banking solution' award by Celent.[71]
ICICI bank won the Best Domestic Trade
Finance Bank and Best Financial Supply
Chain Project Award in India by The
Asian Banker[72][73]
ICICI Bank won the honors of the Medici
Innovation Hall of Fame Award,
instituted by The Medici Institute in
collaboration with the Medici Group,
USA.[74]
2014
2015
2017
See also
Indian banking
List of banks in India
ICICI Lombard
ICICI Manipal Academy of Banking and
Insurance
ICICI Prudential Life Insurance
References
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Canada. Retrieved 16 October 2019.
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48. "Money laundering case: ICICI bank
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49. "Probes Begin as Top Indian Banks
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53. "ICICI Bank wins The Asian Banker
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The Economic Times.
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55. "Bank of the Year 2006" . The Banker
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News.oneindia.in. 3 August 2007.
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63. "Asian Banker Awards 2010" . The
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64. "ICICI Bank only Indian firm in top 100
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Times" .
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65. "The Asian Banker Awards 2011" .
The Asian Manager.
66. "Airtel, ICICI among 'top 100 global
brands' " .
timesofindia.indiatimes.com.
67. "Golden Peacock Innovative
Product/Service Award (GPIPSA)" .
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Bank 2013 held by Celent" . Celent.
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Asian Banker.
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Asian Banker.
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f
External links
Official website
Business data for ICICI Bank:
SEC filings
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