ICICI Bank
As of 2022, more than 80% of the Indian population has a bank account in comparison to 17% in 2009.
ICICI Bank Limited is a banking sector company. The bank is engaged in providing a range of banking and financial services, including commercial banking, retail banking, project and corporate finance, working capital finance, insurance, venture capital and private equity, investment banking, broking and treasury products and services. The bank's business segments are retail banking, wholesale banking, treasury, other banking, life insurance, general insurance, and others. Its international banking is focused on providing solutions for international banking requirements of its Indian corporate clients and leveraging economic corridors between India and the rest of the world. The bank caters to the financial need of women entrepreneurs through its Self-Help Group (SHG) programme as part of its microfinance initiatives.
- 5,275 branches
- 14,121 ATMs
- Total Operating Profit of Rs. 9,112 crore (US$ 1.10 billion) in the fourth quarter of FY23.
- Leading private sector bank in India
ICICI Bank - Promoting Inclusive Growth
| Year | Milestone |
|---|---|
| 2023 |
In August 2023, ICICI Bank inaugurates 200th branch in Kerala. In June 2023, ICICI Bank commits a contribution of Rs 1,200 crore to Tata Memorial Centre. In May 2023, ICICI Bank enables FASTag based parking payment at Sardar Vallabhbhai Patel International Airport, Ahmedabad. In April 2023, ICICI Bank announced that it would offer Rupee Vostro Account to enable Indian exporters and importers to pay and settle export-import transactions in Indian Rupees (INR). In March 2023, ICICI Bank announced the launch of an array of digital solutions for participants of the capital market and clients of custody services. The solutions enable various participants in the sector including stockbrokers, Portfolio Management Service (PMS) providers, Foreign Portfolio Investors (FPIs), Foreign Direct Investors (FDIs), and Alternative Investment Funds (AIFs) to seamlessly meet all their banking requirements. In February 2023, ICICI Bank today inaugurated its ‘Service Centre’ at Dana mall. This is the third physical touch point of the Bank in the Kingdom of Bahrain, the first being the main branch at Manama Centre and second being the ‘Service Centre’ at Juffair. In January 2023, ICICI Bank and BNP Paribas have signed a Memorandum of Understanding (MoU) to cater to the banking requirements of European corporates operating in India and Indian companies in the European Union. Tata Motors Partners with ICICI Bank to Offer Financing for Electric Vehicle Dealers. In January 2023, HBF Direct Limited And ICICI Bank Sign MOU To Support SMEs And Startups. The partnership is aimed at helping solve major difficulties impacting small businesses and allowing the sector to make a meaningful contribution to the economy. |
| 2022 |
In October 2022, ICICI Bank launches four Digital Banking Units. In March 2022, ICICI Bank signs MOU with Assam riffles to offer special banking services. In February 2022, ICICI Bank makes 'InstaBIZ' interoperable, providing merchants with rapid access to digital collection solutions. |
| 2021 |
In December 2021, ICICI Bank has signed up 70 of the biggest companies to use its 'CorpConnect' digital platform for banking and supply chain finance. In September 2021, ICICI Bank announced its partnership with Amazon India to offer overdraft (OD) facility up to Rs. 25 lakh (US$ 33,384.53) to individual sellers and small businesses registered on the e-commerce company’s online marketplace (www.amazon.in); the process is likely to be digital and instant In July 2021, ICICI Bank announced the launch of a co-branded credit card with Hindustan Petroleum Corporation Limited (HPCL) to enable users to get cumulative benefits and reward points despite using multiple credit cards. In June 2021, ICICI Bank announced the launch of ‘ICICI STACK for Corporates’, a comprehensive set of digital banking solutions for corporates and their entire ecosystem including promoters, group companies, employees, dealers, vendors and other stakeholders ICICI Bank launched ‘Namma Chennai Smart Card’, a Common Payment Card System (CPCS) in partnership with Greater Chennai Corporation and Chennai Smart City Limited |
| 2020 |
ICICI Bank launched ‘Infinite India’, a comprehensive online platform for foreign companies setting up operations in the country ICICI Bank launched ‘iMobile Pay’—India’s first app that offers payments and banking services for its customers Introduced mobile ATM vans in the state of Orissa to enable senior citizens to access key banking facilities at their doorstep Chinese Central Bank acquired stake in ICICI Bank for Rs. 15,000 crore (US$ 2127.9 million) ICICI Bank launched India’s largest API Banking portal with nearly 250 APIs |
| 2019 |
ICICI Bank has inaugurated its 50th branch in Ahmedabad. |
| 2018 |
ICICI Bank was India's largest private sector bank with total consolidated asset of Rs. 1124,281 crore (US$ 160.86 billion) on March 31, 2018 |
| 2017 |
ICICI Bank won the ‘Best Retail Bank in India’ award for the fifth consecutive year at the Asian Banker Excellence in Retail Financial Services International Awards 2018. |
| 2010 |
ICICI Bank opens first retail branch in Singapore. |
| 2005 |
ICICI Bank bought Apna loan |
| 2003 |
Awarded 'excellence in retail banking' from the Singapore-based Asian Bankers Journal. |
| 2001 |
ICICI Bank has launched its 100th ATM in Mumbai. With this, the bank will have a network of 574 ATMs spread across 54 cities. |
| 2000 |
ICICI Bank became the first Indian bank to list on the New York Stock Exchange with its 5-million American depository shares issue. |
| 1997 |
The bank introduced electronic funds transfer facility. The bank has a full-fledged vigilance and inspection department. |
| 1994 |
The Bank was Incorporated on 5th January at Baroda. ICICI Bank was promoted by ICICI and erstwhile SCICI Ltd. and received the Certificate for Commencement of Business on February 24th. |
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