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ICICI Bank India's largest private sector and second-largest bank by market capitalization. ICICI Bank has total assets of Rs. 3793.01 million ($ U.S. 75 billion U.S. dollars) on 31 March 2009 and profit after tax Rs. 37.58 billion for the year ended 31 March 2009. ICICI Banking Corporation established as banking subsidiary.formerly Industrial Credit and Investment Corporation of India. Later, ICICI Banking Corporation was renamed as ICICI Bank Limited ". ICICI founded a separate legal entity, ICICI Bank, to conduct normal banking operations - taking deposits, credit cards, car loans, etc.The Bank also has a network of more than 1,500 branches and ATMs 4.721 in India and presence in 18 countries and 24 million customers.
ICICI Bank offers a wide range of banking products and financial services to corporate and retail through a variety of distribution channels and specialized subsidiaries and affiliates in the areas of investment banking, life and non-life insurance, venture capital and asset management. ICICI Bank has wholly owned subsidiaries, branches and representative network of offices in 18 countries, including an offshore and corporate unit in Mumbai. This includes subsidiaries in Canada, Russia and the UK, offshore banking units in Singapore and Bahrain, an advisory branch in Dubai, branches in Hong Kong Belgium and Sri Lanka and representative offices in Bangladesh, China, Malaysia, Indonesia , Thailand, UAE, African Republic and USA. Overseas, the ICICI Bank aims at NRI (nonresident Indian) population in particular.
ICICI Bank is the largest issuer of credit cards in India. ICICI Bank has its shares listed on stock exchanges at Vadodara and Kolkata, Mumbai and National Stock Exchange of India Limited and its ADRs on the New York Stock Exchange (NYSE). |
