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• Icici Bank Limited

Icici Bank Limited

ICICI Bank Limited is one of the largest public sector banks in India located in Vadodara and has an amazing network of 5000 plus branches and more than 16000 ATM making a pan India presence. At ICICI Bank, one can utilise various services like Mutual Funds, Equities Trading, Insurance, Commercial Banking, Credit Card, NRI Banking, Online Banking, Global Markets, Investment Management, Risk Management, Wealth Management, Recurring and Fixed Deposits, Treasury Management and others.

History of ICICI Bank Limited

ICICI Bank Limited is the Indian Multinational and Financial Services company located in Vadodara and efficient in giving various financial services and products for the retail and corporate customers in India. We have an amazing network of 5275 branches and 15.589 ATM across India and has a powerful presence in more than 20 nations around the globe. Our presence is in United Arab Emirates, Bangladesh, Malaysia, Indonesia, Hong Kong, Qatar, Singapore, Bahrain and other nations. 

The ICICI Group has got an amazing history and it was established 7 years after independence on January 5. 1955 by Sir Arcot Ramaswamy Mudaliar and he was elected as the first Chairman of the ICICI. ICICI Bank is the subsidiary of the ICICI Group and came into being in Vadodara in 1994. Earlier before 1994 ICICI was only offering project finance to select group of companies in India. However with the changes in time and space, ICICI  bank began to give various services to associates companies in India. The best part of ICICI bank is that it is the first bank to be listed under the New York Stock Exchange from Non Japan Asian nations.

Mr. Girish Chandra Chaturvedi is the Chairman and Sandeep Bakshi is the CEO of the of the ICICI Bank.

Subsidiaries of ICICI Bank Limited

The ICICI Bank has got various subsidiaries and they are given below as follows:

• ICICI Direct
• ICICI Bank US
• ICICI Lombard.
• ICICI Bank UK PLC.
• ICICI Prudential Mutual Fund.
• ICICI Prudential Life Insurance.

Banking Services offered by ICICI Bank Limited

There are various banking services offered by the ICICI Bank and they are given below as follows:

• E-Statements.
• SMS Banking.
• Funds Transfer.
• Mobile Banking.
• Savings Account.
• Current Account.
• Locker Services.
• Internet Banking.
• Women's Account.
• Investor Relations.
• Merchant Services.
• Rate of Exchange.
• Foreign Exchange.
• Asset Management.
• Insurance Services.
• Cyber Fraud Alerts.
• Consumer Banking.
• Demand Drafts (DD).
• Deposit Guarantee.
• Gold Loan Scheme.
• Debt Capital Market.
• E-Commerce Facility.
• Wealth Management.
• Commodity Finance.
• Transaction Banking.
• Sustainable Banking.
• Debt Capital Market.
• NRI Banking Services.
• Senior Citizen Account.
• Debit and Credit Cards.
• Personalised Cheque Facility.
• Personalised Bank Passbook.
• Corporate salaries of different Hospitals and Organisations.
• Government Schemes like PMSBY and the Atal Pension Yojana and PMJDY.

Loans and credit facilities provided by ICICI Bank Limited

There are various credit and loan services offered by the ICICI Bank and they are given below as follows:

• Car Loan.    
• Gold Loan.
• Term Loan.
• Home Loan.
• Vehicle Loan.
• Property Loan.
• Personal Loan.
• Business Loan.
• Mortgage Loan.
• Consumer Loan.
• New Entities Loan. 
• GST Business Loan.
• Working Capital Loan.
• Overseas Direct Investment.
• Increase in the Credit Limits.
• External Commercial Borrowings.
• Financial loan for Importers and Exporters.

Legal Issues

• ICICI Bank faced charges on the recovery methods it used against loan payment defaulters. A number of cases were filed against the bank and its employees for using "unethical measures". Many cases were filed against the recovery agents and cases rose when the defaulters committed suicide. 
• On 14 March 2013 the online magazine Cobrapost released video footage from the Red Spider Operations where in the high-ranking officials and employees of the ICICI Bank were getting lions share of the money. RBI and the Government of India ordered Enquiry and suitable action were taken.
• Chanda Kochhar CEO and MD of ICICI Bank had to resign on October 4 2018 due to the charges of corruption and the panel of judges under Justice Shri Krishna gave the recommendation that she must be terminated. The bank terminated her and in 2020 the Enforcement Directorate seized the assets of Mrs. Kochhar and froze her assets worth INR 780 Million Rupees.

Awards and Recognition

• ICICI Bank has been adjudged ‘Company of the Year’ by Forbes India, a leading business magazine in 2021.
• ICICI Bank has been adjudged as the 'Best Domestic Private Bank in India 2022' by Asiamoney, a financial magazine of Singapore.
• ICICI Bank has emerged as the 'Best Banking & Finance Legal Team of the Year' at the 11th edition of the Indian Legal Awards organised by Legal Era.
• ICICI Bank has been declared as the 'Best Retail Bank in India' for the 9th year in a row at The Asian Banker Excellence in Retail Financial Services 2022.
• ICICI Bank has won six awards at the Indian Banks' Association (IBA) Banking Technology Awards, 2022 in the category of 'Best Payments Initiatives', 'Best Fintech Adoption' and 'Best Use of AI, ML & Data Analytics'.
• ICICI Bank has been adjudged ‘Company of the Year’ by Forbes India, a leading business magazine and selected as best bank in 2022 based on overhaul performance.

Icici Bank Limited has 5895 IFSC connected branches in India. Bank has branches in following states:

ANDAMAN AND NICOBAR ISLAND
ANDHRA PRADESH
ARUNACHAL PRADESH
ASSAM
BIHAR
CHANDIGARH
CHHATTISGARH
DADRA AND NAGAR HAVELI
DAMAN AND DIU
DELHI
GOA
GUJARAT
HARYANA
HIMACHAL PRADESH
JAMMU AND KASHMIR
JHARKHAND
KARNATAKA
KERALA
Karnataka
MADHYA PRADESH
MAHARASHTRA
MANIPUR
MEGHALAYA
MIZORAM
NAGALAND
ODISHA
PUDUCHERRY
PUNJAB
RAJASTHAN
SIKKIM
TAMIL NADU
TELANGANA
TRIPURA
UTTAR PRADESH
UTTARAKHAND
WEST BENGAL