ICICI border
ICICI rely Ltd. (NSE: ICICIBANK, BSE: 532174, NYSE: IBN) is an Indian diversified pecuniary services company headquartered in Mumbai, Maharashtra. It is the second largest bank in India by additions and third largest by market capitalization. It offers a unsubtle range of banking products and financial services to corporate and retail customers with a variety of delivery channels and through its alter subsidiaries in the areas of investment banking, life and non-life insurance, venture capital and asset management. The marge has a network of 2,533 branches and 6,800 ATMs in India, and has a bearing in 19 countries, including India.
The bank has subsidiaries in the United Kingdom, Russia, and Canada; branches in United States, Singapore, Bahrain, Hong Kong, Sri Lanka, Qatar and Dubai International Finance Centre; and representative offices in United Arab Emirates, China, South Africa, Bangladesh, Thailand, Malaysia and Indonesia. The companys UK subsidiary has established branches in Belgium and Germany.
ICICI Bank is one of the Big Four banks of India, along with State Bank of India, Punjab National Bank and HDFC Bankits main competitors.
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Corporate history
ICICI Bank was established in 1994 by the industrial Credit and enthronement Corporation of India, an Indian financial institution, as a only owned subsidiary. The parent company was formed in 1955 as a joint-venture of the World Bank, Indias public-sector banks and public-sector insurance companies to provide project funding to Indian industry. The bank was initially known as the Industrial Credit and Investment Corporation of India Bank, before it changed its name to the truncate ICICI Bank. The parent company was later merged into ICICI Bank.
ICICI Bank launched profit banking operations in 1998.
ICICIs shareholding in ICICI Bank was reduced to 46Â percent, through a public...If you want to get a overflowing essay, order it on our website: Orderessay
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