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Posts Tagged ‘ICICI Bank’

ICICI Group 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 group companies, subsidiaries and affiliates in the areas of personal banking, investment banking, life and general insurance, venture capital and asset management. With a strong customer focus, the ICICI Group Companies have maintained and enhanced their leadership position in their respective sectors.

ICICI  Bank  is India’s second-largest bank with total assets of Rs. 3,793.01 billion (US$ 75 billion) at March 31, 2009 and profit after tax Rs. 37.58 billion for the year ended March 31, 2009. The Bank has a network of 1,451 branches and about 4,721 ATMs in India and presence in 18 countries.

ICICI organisation chart

Major corporate events (Milestone)
Year Events

1955 The Industrial Credit and Investment Corporation of India Limited (ICICI) is incorporated at the initiative of the World Bank, the Indian government and representatives of Indian industry
1977 ICICI sponsors the formation of the Housing Development Finance Corporation. Lists on BSE
1986 ICICI and UTI establish Credit Rating Information Services of India Limited, (CRISIL) India’s first professional credit rating agency
1988 ICICI promotes TDICI – India’s first venture capital company
1993 ICICI sets-up ICICI Securities and Finance Company Limited in a joint venture with JP Morgan. ICICI sets up ICICI Asset Management Company
1994 ICICI sets up ICICI Bank
1996 ICICI becomes the first financial company to issue GDRs. ICICI announces merger with SCICI
1997 The Industrial Credit and Investment Corporation of India Limited is renamed ICICI Limited. ICICI announces takeover of ITC Classic Finance
1998 ICICI announces takeover of Anagram Finance
1999 ICICI becomes the first Indian company to list on the NYSE through an ADR issue
2000 ICICI Bank becomes the first Indian commercial bank to list on the NYSE. ICICI Bank announces merger with Bank of Madura
2001 The boards of ICICI Ltd and ICICI Bank approve the merger of ICICI and ICICI Bank
2002 Merger of ICICI Limited, ICICI Capital Services Ltd, ICICI Personal Financial Services Limited and ICICI Bank