ICICI Bank
ICICI Bank is one of the largest private sector banks in India, with a network of over 5,275 branches and 15,589 ATMs across the country as of 2021. It offers a wide range of banking and financial services to individuals, corporates, and small and medium enterprises. Here is an overview of the history, profile, and financials of ICICI Bank:
History:
ICICI Bank was founded in 1994 by the Industrial Credit and Investment Corporation of India (ICICI) as a subsidiary to provide banking and financial services to customers. The bank was listed on the Indian stock exchanges in 1998, and over the years, it has grown both organically and through acquisitions. In 2002, ICICI Bank merged with its parent company, ICICI Limited, to create a diversified financial services conglomerate.
Profile:
ICICI Bank is headquartered in Mumbai, India, and has a presence in 15 countries, including the United States, United Kingdom, Canada, and Singapore. The bank offers a wide range of services, including savings and current accounts, fixed deposits, loans, credit cards, insurance, and investment products. It also offers digital banking services through its mobile app and internet banking portal.
Financials:
ICICI Bank has consistently reported strong financial performance over the years. In the financial year 2020-21, the bank reported a total income of INR 98,461 crore (approx. USD 13.2 billion) and a net profit of INR 16,192 crore (approx. USD 2.2 billion). Its total assets as of March 31, 2021, stood at INR 15.9 lakh crore (approx. USD 215 billion). The bank's market capitalization as of September 30, 2021, was over INR 3.75 lakh crore (approx. USD 50.5 billion).
ICICI Bank has won several awards and accolades for its performance and innovation in the banking sector. It has been named 'Best Retail Bank in India' by The Asian Banker for seven consecutive years (2015-2021) and has also been recognized for its digital banking services and customer experience.
ICICI Bank 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 subsidiaries and affiliates in the areas of investment banking, life and non-life insurance, venture capital and asset management.
ICICI Bank's equity shares are listed in India on the Bombay Stock Exchange and the National Stock Exchange of India Limited and its American Depositary Receipts (ADRs) are listed on the New York Stock Exchange (NYSE).
Mailing Address :
ICICI Bank Limited
ICICI Bank Phone Banking Centre
P. O. Box No. 20
Banjara Hills P. O.
Hyderabad 500 034, India
Web : http://www.icicibank.com/
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