ICICI Bank (formerly Industrial Credit and Investment Corporation of India, Hindi: आई सी आई सी आई बैंक) is a banking and financial services organization of India. It is the second largest bank in India and the largest bank in the private sector by market capitalization. The bank has a commercial network of 2,016 branches (as of March 31, 2010) and around 5,219 ATMs in India, and has a presence in 18 countries, as well as about 24 million customers (at the end of 2007).

ICICI Bank offers a wide variety of banking products and financial services to corporations and individual clients through a variety of distribution channels and subsidiaries and affiliates specializing in the areas of investment banking, life and non-life insurance, investment capital and management of assets. ICICI Bank is also the largest credit card issuing bank in India. The shares of ICICI Bank are listed on the stock exchanges of Bombay (BSE), India (NSE), Calcutta and Vadodara (formerly Baroda), the ADRThey are traded on the New York Stock Exchange (NYSE).

The bank is expanding in foreign markets and has the highest international balance among Indian banks. ICICI Bank currently has subsidiaries entirely of the bank, branches and representative offices in 19 countries, including an offshore unit in Bombay. This includes a bank subsidiary in Canada, Russia and the United Kingdom (the office that operates the HiSAVE savings bank), offshore banking units in Bahrain and Singapore, and subsidiaries in Dubai, Belgium, Hong Kong and Sri Lanka, and a representative office in Bangladesh, China, Malaysia, Indonesia, South Africa, Thailand, the United Arab Emirates and the USA. UU. Abroad, the bank addresses non-Indian residents in particular.

ICICI reported a 1.15% increase in its net profits to Rs 1,014.21 crore, a 1.29% increase in its total income to Rs 9,712.31 crore in Q2 September 2008 over Q2 September 2007. The CASA ratio of the bank increased 30% in 2008 and 25% in 2007.

ICICI Bank is one of the Five Big Banks of India, along with the State Bank of India, Punjab National Bank, Bank of India and Canara Bank - its main competitors.

ICICI Bank is a credit institution from India based in Mumbai. ICICI Bank is the largest private bank in India. The company offers insurance, bank accounts, loans, investments and other financial services.

In 2001, ICICI acquired Bank of Madura, a financial company founded in 1943, which included subsidiaries Chettinad Mercantile Bank (founded in 1933) and Illanji Bank (founded in 1904). The company's stock is in the main stock index of India, the BSE Sensex of the Bombay Stock Exchange, listed.

The company has been pursuing an international expansion strategy since 2001. Acquisitions and mergers with banks followed by the opening of branches in the USA, China, the Arab region and in the European Union.

The company has been harshly criticized by consumer advocates and human rights organizations in India for allegedly resorting to violent debt collectors in the past.

Since 2008, ICICI Bank has also been represented in Germany (Frankfurt am Main) and offers a call money account and time deposit investment products on the German market. The bank also supports companies that are active in the Indian-European trade in goods and services.

Since 2011, retail deposits up to £ 85,000 have been secured through the UK's Financial Services Compensation Scheme (FSCS) (until 2010: £ 50,000). Amounts exceeding this are protected up to EUR 15,000,000 per investor in the deposit guarantee fund of the Federal Association of German Banks.


In 1954, The Industrial Credit and Investment Corporation of India Limited (ICICI) was incorporated at the initiative of the World Bank, the government of India and representatives of Indian industry, with the objective of creating a development institution to provide medium and long financing deadline for businessmen projects in India. In 1994, ICICI established its subsidiary of Corporate Banking. Formerly known as Industrial Credit and Investment Corporation of India, ICICI Banking Corporation was later renamed as 'ICICI Bank Limited'. ICICI founded a separate legal entity, ICICI Bank, to conduct conventional banking operations - deposits, credit cards, car loans etc. In 2001, ICICI acquired the Bank of Madura (established in 1943). Bank of Madura was a Chettiar bank, and had acquired the Chettinad Mercantile Bank (est. 1933) and the Illanji Bank (est. 1904) in the 1960s. In 2002, the board of directors of ICICI and ICICI Bank approved the inverse merger of ICICI, ICICI Personal Financial Services Limited and ICICI Capital Services Limited, in ICICI Bank. After receiving the approval of the regulatory entities, ICICI integrated all the financial and banking operations of the group, both retail and corporate, into a single entity. At the same time, ICICI began its international expansion with the opening of representative offices in New York and London. In India, ICICI Bank acquired the branches in Shimla and Darjeeling that the Standard Chartered Bank had inherited when it acquired the Grindlays Bank.

In 2003, ICICI opened subsidiaries in Canada and the United Kingdom (UK), and in the United Kingdom established an alliance with Lloyds TSB. It also opened Offshore Banking Units in Singapore and representative offices in Dubai and Shanghai. In 2004, ICICI opened a representative office in Bangladesh to cover the intense trade between that country, India and South Africa. In 2005, ICICI acquired Investitsionno-Kreditny Bank (IKB), a Russian bank with US $4 mn assets, based in Balabánovo in the Kaluga region, and with a branch in Moscow. ICICI renamed the bank as ICICI Bank Eurasia. He also established a branch in Dubai International Financial Center and in Hong Kong. In 2006, ICICI Bank UK opened a branch in Antwerp in Belgium. ICICI opened representative offices in Bangkok, Jakarta, and Kuala Lumpur. In 2007, ICICI merged with Sangli Bank, which was based in Sangli, in the state of Maharashtra, and had 158 branches in Maharashtra and another 31 in the state of Karnataka. Sangli Bank had been founded in 1916 and was particularly strong in rural areas. In the international sphere, ICICI received permission from the government of Qatar to open a branch in Doha. Also, the ICICI Bank Eurasia opened a second branch at that time in St. Petersburg. In 2008, the US Federal Reserve allowed to convert its representative office in New York into a branch. In 2009, ICICI made major changes in its organization, such as the elimination of departments in losses, reduction of personnel and renegotiation of bonuses. An approach was made to contain expenses and costs, consequently, the salaries of the staff were not increased nor were any bonuses declared in the 2008-09 period.

On May 23, ICICI Bank announced that it would merge with the Bank of Rajasthan with a stock exchange that values the Bank of Rajasthan at about Rs 3,000 crore. ICICI announced that the merger would increase the bank's commercial network by 25%.

On October 18, 2010, ICICI will inaugurate I-Express, a cross-border money transfer option for Indian Non-Residents (NRIs). This service will be available through the bank's partners in the Gulf Cooperation Council.


  • I-Express, a cross-border instant money transfer option.
  • ICICI Lombard
  • ICICI Prudential


  • 2005 - Investitsionno-Kreditny Bank (IKB), Bank of Russia
  • 2007 - Sangli Bank, State of Maharashtra
  • May 23, 2010 - Bank of Rajasthan


The Brand Trust Report, launched in 2011, has ranked the ICICI in the 15th position as the most trusted entity in India.

"ICICI Bank" is at the 100th Position in this list.

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