ICICI Full Form | Full Form of ICICI Bank




ICICI Full Form - Industrial Credit and Investment Corporation of India

  • Here you’ll get the solution for the following ICICI related questions, full form of ICICI , full form of ICICI bank , what is the full form of ICICI , full form of ICICI board
 Industrial Credit and Investment Corporation of India

Industrial Credit and Investment Corporation of India

  • It was the parent company of ICICI Bank which was merged into ICICI Bank in 2002. After the merger, ICICI became ICICI Bank so it's now called ICICI Bank.
  • It's headquartered in Mumbai, Maharashtra, India and is working in 17 countries around the world.
  • As of 2014, it had been the second largest bank in India in terms of assets.
  • The bank offers a good range of banking products and services to its corporate and retail customers.
 Types of Icici

Types of Icici

Product and Services

  • Some of the favored products and services of ICICI bank are listed below:
    • Cards like credit card, debit card and business card
    • Loans like home loan, personal loan, car loan and two -wheeler loan
    • Investments like mutual fund, tax solutions and PPF
    • Insurance like general insurance, health insurance and life insurance
    • Deposit schemes like fixed deposit (FD) and recurring deposit (RD) schemes
    • Business banking which incorporates wide selection of current account products, internet banking and mobile banking
    • Personal banking which offers saving account with various benefits like debit card, credit card and internet banking

Brief History

  • In 1955, Industrial Credit and Investment Corporation of India (ICICI) were founded.
  • In 1994, ICICI entered the banking system by establishing ICICI bank limited as its banking subsidiary.
  • In 1998, ICICI bank became the first bank to launch internet banking in India.
  • In 2000, it became the first Indian bank listed on the New York stock market.
  • In 2001, ICICI acquired Bank of Madura which was established on 1943.
  • In 2002, Directors of ICICI and ICICI Bank approved the reverse merger of ICICI (parent company) into ICICI Bank (subsidiary).
  • In 2003, ICICI Bank opened its branches the Canada, the United Kingdom (UK) and in Singapore. It also established representative offices in Shanghai and Dubai.
  • In 2004, it opened an office in Bangladesh to the extensive banking market in Bangladesh and South Africa.
  • In 2005, ICICI Bank acquired Investitsionno-Kreditny Bank (IKB), a Russian bank and renamed it ICICI Bank Eurasia. In this year, it also established a branch in Dubai and Hong Kong.
  • In 2006, it established a branch in Antwerp, Belgium and representative offices in Bangkok, Jakarta and Kuala Lumpur.
  • In 2007, it acquired the Sangli Bank which has 158 branches in Maharashtra and 31 branched in Karnataka.
  • In 2008, with the permission of US Federal Reserve, it converted its New York office into a branch of ICICI bank. During this year, it also opened a branch in Frankfurt.
  • In 2013, it became the first private sector bank to launch mobile branch with ATM in Maharashtra.


Related Searches to ICICI Full Form | Full Form of ICICI Bank

Adblocker detected! Please consider reading this notice.

We've detected that you are using AdBlock Plus or some other adblocking software which is preventing the page from fully loading.

We don't have any banner, Flash, animation, obnoxious sound, or popup ad. We do not implement these annoying types of ads!

We need money to operate the site, and almost all of it comes from our online advertising.

Please add wikitechy.com to your ad blocking whitelist or disable your adblocking software.

×