ICICI Bank Limited is a global Indian banking and financial services corporation based out of Vadodara, Gujarat and Mumbai, Maharashtra. It provides a wide range of banking products and financial services to corporate and institutional clients across several distribution platforms and specialist subsidiaries in the fields of retail banking, investment banking, life insurance, non-life insurance, venture capital, and wealth management. The bank has a network of 5,266 branches and 14,136 ATMs in India and operates in 17 countries.
In the 1990s, ICICI transformed its business from a financial development institution providing only project financing to a diversified financial services sector, offering a wide range of goods and services, both directly and through a variety of subsidiaries and affiliates such as ICICI Bank. In 1999 ICICI became the first Indian company and the first non-Japanese bank or financial institution to be listed in the NYSE.
In March 2020, ICICI Bank Ltd.'s board approved a Rs 1,000 crore investment in Yes Bank Ltd. This investment led to ICICI Bank Limited owning more than five per cent of Yes Bank's shareholding.
ICICI Bank and its merchant banking arm, ICICI Securities (I-Sec), have signed an agreement with ICICI Bank for all M&A transactions. The agreement goes on to describe an M&A transaction as one that includes a change of control of the organization.
In the beginning, ICICI Bank joined the investment banking room in 2006. Both the bank and its affiliate have wrestled for deals over the past few years. The new agreement between the two companies took effect from April 1.
Manage Accounts- Clients can get all the required information about their bank accounts from m.icicibank.com on the go. It is the one-point access to handle activities relating to the main account.
Funds Transfer- Fund transfer has been made easy with m.icicibank.com. To own ICICI Bank account, other ICICI Bank account, and non-ICICI Bank account using NEFT service is possible now. The transfer of funds can be made, 24 x7, also on holiday, using m.icicibank.com's IMPS service. It is a safe and simple way to move funds to ICICI bank account, other ICICI bank account and non-ICICI bank account using NEFT transfer mode.
Cardless Cash Withdrawal- Presenting Cardless Cash Withdrawal service, a simple, secure mode for sending cash 24x7 to any mobile number in India. All that needs to be done is, logged in with Internet Banking user ID and password to ICICI Bank and initiate a withdrawal transaction by Cardless Cash.
Through the programme, the Bank has extended cumulative loans worth almost Rs 4,300 to over 1,3 lakh Self Help Groups (SHG).
The Bank has been awarded first prize by NABARD for 'Excellence in Performance' under SBLP in the state for the third consecutive year among 'Private Sector Commercial Banks'
By the end of FY20, the Bank intends to extend our scope to more than 25 lakh women beneficiaries with cumulative loan disbursements over Rs 7000 crore
Global Finance, a financial publication headquartered in New York, has awarded ICICI Bank the 'Best Sub-Custodian Bank in India' for the year 2020.
ICICI Bank received four awards at The Asian Banker Excellence in the International Awards for Retail Financial Services 2020. This includes the 'Best Retail Bank' overall award in India.
In the Asiamoney Best Bank Awards, 2020 programme ICICI Bank has been recognised as the 'Best SME Bank' in India.
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On our website, you can find a comparative analysis of the private banking sector. It helps to evaluate the competitive position of the company and the results of its operations over a certain period. The sense about whether the company is growing, stable or deteriorating gives an investor a sense. This clarifies the investor about the stock to invest in.
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Our website has information about 21 other private banks which give insight about the financials of the company. Companies include HDFC Bank, Axis Bank, IDBI Bank, Bandhan Bank, Yes Bank, IndusInd Bank, AU Small Finance Bank, IDFC First Bank and HDFC Bank.