Industrial Credit and Investment Corporation of India (ICICI) Bank Limited is an Indian multinational banking and financial services company. It has its corporate office in Mumbai, Maharashtra and was established on 5th January 1994. The banks have 5275 branches and 15,589 ATMs across India. It has a brand presence in 17 countries worldwide.
Its subsidiaries are present in the UK and Canada and its branches in USA, Bahrain, Singapore, Qatar, Hong Kong, Oman, Dubai International Finance Centre, China and South Africa. ICICI bank also has representative offices in the United Arab Emirates, Malaysia, Indonesia and Bangladesh. It’s UK subsidiary has branches in Germany and Belgium.
In 1998, ICICI bank launched internet banking services and in 1999 it became the first Indian company and the first bank to be listed on NYSE. ICICI bank also helped set up the Credit Information Bureau of India Limited (CIBIL).
|Industry||Banking, Financial services|
|Founded||5 January 1994; 26 years ago|
|Key people||Girish Chandra Chaturvedi (Chairman), Sandeep Bakhshi (MD & CEO)|
|Products||Retail banking, corporate banking, investment banking, mortgage loans, private banking, Wealth Management, credit cards, finance and insurance|
|Revenue||Rs. 91,246.94 crore (US$13 billion) (2020)|
|Operating Income||Rs. 20,711 crore (US$2.9 billion) (2019)|
|Net income||Rs. 6,709 crore (US$940 million) (2019)|
|Total assets||Rs. 1,007,068 crore (US$140 billion) (2019)|
|Number of employees||84,922 (2019)|
In 2018, ICICI bank won the Celent Model Bank Awards in the Emerging Innovation category. It also won the Best Retail Bank award for India at the Asian Banker Excellence in Retail Financial Services International Awards for the 5th consecutive time. It also won the maximum awards in the same year and the Indian Banks’ Association (IBA) awards.
ICICI Bank offers various services to the public in India and abroad. Mentioned below are some of their services with a brief description. Check their annual revenue here.
|ICICI Bank||Multinational banking and financial services company||Rs. 77913.36 crore (2020)|
|ICICI Prudential Life Insurance||Provides private Life Insurance services.||Rs. 2648.69 crores (2020)|
|ICICI Securities Limited||Offers wide range of financial services, investment banking, retail broking, institution broking, private wealth management, product distribution.||Rs. 1722.06 (2020)|
|ICICI Lombard General Insurance Company||Provides private-sector non-life insurance||Rs. 2024.10 (2020)|
This is a joint venture between ICICI bank and Prudential Corporation Holdings Limited. It was established in 2001 and has been one of the most successful services in the private life insurance sector. It was ranked #1 four times in the most valuable Life Insurance brands in India as per the BrandZ Top 50 Most Valuable Indian Brands 2014, 2015, 2016 and 2017.
It offers a wide range of financial services, investment banking, retail broking, institution broking, private wealth management, product distribution. It has also registered with the Monetary Authority of Singapore and has a branch office there. It is headquartered in Mumbai and has subsidiaries in New York too.
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ICICI Lombard is the largest private-sector non-life insurer in India. Customers get services regarding motor, health, crop-/weather, institutional broking, retail broking, private health management and many more.
ICICI Lombard won the ATD (Association of Talent Development) Award for the 5th time in 2017. Among the top 2 companies that maintained their positions in Top 10 that year was ICICI Lombard. It was also awarded the Golden Peacock National Training Award in the same year.
It is the largest dealer in government securities in India. It deals in institutional sales and trading, resource mobilisation, portfolio management services and research. ICICI Securities Primary Dealership was awarded as Top Bank Arranger Investors’ Choices for Government Primary Issues in India by Triple A Asset.
ICICI's shares is one of the favorites among the investors. The share prices depend on the day-to-day change in the market.
Mentioned below are share prices as listed on the National Stock Exchange (NSE).
As on 21st July, 2020
ICICI bank is one among the top 4 banks in India providing leading financial solutions and banking services. Along with other ICICI products, it has established itself as one of the leading banks globally.
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