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ICICI Bank: Learn Key Points Using Mind Map

Published on Tuesday, March 21, 2017
ICICI: Industrial Credit and Investment Corporation of India

Introduction:

  • ICICI Bank is an Indian multinational banking and financial services company headquartered in Mumbai, and registered office in Vadodara. 
  • In 2014, it was the second largest bank in India in terms of assets and third in term of market capitalization. 

History:

  • The parent company of ICICI bank was formed in 1955 as a joint-venture of the World Bank, India's public-sector banks and public-sector insurance companies to provide project financing to Indian industry. 
  • The bank was founded as the Industrial Credit and Investment Corporation of India Bank in 1994 
  • The parent company was later merged with the bank. 
  • In 1998, ICICI Bank launched internet banking 
  • In 2000, ICICI Bank became the first Indian bank to list on the New York Stock Exchange 

Logo of ICICI Bank: 


Tagline: Hum Hain Na!
Headquarter : Mumbai, Maharashtra.
Chairman : Mr.M.K.Sharma
MD & CEO : Mrs. Chanda Kochhar
Founded in : 1994

Acquisition:

  • SCICI Ltd (1996) 
  • ITC Classic Finance (1997) 
  • Anagram(ENAGRAM) Finance (1998) 
  • Bank of Madurai (2001) 
  • The Darjeeling and Shimla branches of Grindlays Bank (2002) 
  • Investitsionno-Kreditny Bank (IKB), a Russian bank (2005) 
  • Sangli Bank(2007) 
  • The Bank of Rajasthan (2010) 

Domestic Subsidiaries:

  • ICICI Prudential Life Insurance Company Limited 
  • ICICI Lombard General Insurance Company Limited 
  • ICICI Prudential Asset Management Company Limited 
  • ICICI Prudential Trust Limited 
  • ICICI Securities Limited 
  • ICICI Securities Primary Dealership Limited 
  • ICICI Venture Funds Management Company Limited 
  • ICICI Home Finance Company Limited 
  • ICICI Investment Management Company Limited 
  • ICICI Trusteeship Services Limited 
  • ICICI Prudential Pension Funds Management Company Limited 

International Subsidiaries:

  • ICICI Bank USA 
  • ICICI Bank UK PLC 
  • ICICI Bank Canada 
  • ICICI Bank Germany 
  • ICICI Bank Eurasia Limited Liability Company 
  • ICICI Securities Holdings Inc. 
  • ICICI Securities Inc. 
  • ICICI International Limited. 

Techno Products provided by ICICI Bank:

  • ICICI Merchant Services 
  • Money2India 
  • Money2India Europe 
  • Extra home loans 
  • Smart Vault 
  • ICICI Bank Unifare Bangalore Metro Card 
  • Video Banking for NRI 
  • ICICIBankPay on Twitter 
  • Contactless Credit and Debit Cards 
  • MySavings Rewards 
  • iWish- the flexible recurring deposit 
  • Software robotics 
  • Blockchain technology 
  • Branch on Wheel in Odisha 
  • Digital Banking “POCKET” 
  • Digital Village Project in Akodara Village of Gujarat 
  • EMI on Debit Card 
  • I-Mobile app for windows phone 
  • ICICI Apathon App 
  • India’s first” transparent credit card “in association with American Express 
  • M-Pesa 
  • Student Travel Card 
  • Tap and pay 
  • 'Saral­ Rural Housing Loan’ Scheme

Initiatives

  • 100 Digital Villages 
  • Go Green

Jiyo Khulke contest:

  • Launched on: March 16, 2015 
  • ICICI customers were invited to write their Jiyo Khulke moment (their most cherished moment of life) 
  • In 2016 this contest got entered in the Limca Book of Records. 

Awards Received Recently:

  • Best Retail Bank in India in Retail Financial Services Awards 2016. 
  • Gold awards in the ‘Bank’ and ‘Credit card issuing Bank’ segments in the Reader’s Digest Trusted Brand 2016 Survey. 
  • First in The Brand Trust Report (2016) by Trust Research Advisory 
  • Global Safety Awards 2016 organised by the Energy and Environment Foundation. 
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ramandeep singh

Ramandeep Singh, your guide to banking and insurance exams. With 14 years of experience and 5000+ selections, Ramandeep understands the path to success, having transitioned himself from Dena Bank and SBI. He's passionate about helping you achieve your banking and insurance dreams.

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