ICICI Bank Ltd

Description

ICICI Bank Limited is an Indian banking and financial company.

The bank was founded in 1955 to provide long term and short-term project financing solutions. In 1999, ICICI Bank reportedly became the first Indian financial institution to be listed and traded on the New York Stock Exchange. Its common stocks trade under the symbol ‘IBN’.

The financial institution operates through a network of various regional banks located in India. It specializes in corporate and retail banking, treasury and forex operations. The bank also provides a portfolio of investment banking, insurance, financial services to a diverse group of clients. It is reportedly a leader in the Indian financial and banking industry. It is domiciled in Vadodara, Gujrat.

Following a merger in 2001, ICICI bank and its wholly owned subsidiaries, including ICICI Capital Securities Limited and ICICI Personal Financial Services Limited, the retail and wholesale business were integrated as a single entity.

ICICI bank today provides various services like internet banking, business loans, mobile banking, pockets by ICICI, personal loans, etc.

It also facilitates online transfer, deposit, payment, check and card processing through its online portal and mobile based application.

ICICI bank’s diversified loan offerings include education loans, home loans, loan against security, personal loans, commercial loans, industry loans, etc. The portfolio of cards include various options like instant credit card, featured credit card, Loan/EMI on credit card and Co-Brand credit card.

In addition to these, it also offers insurance plans like travel insurance, vehicle insurance, health insurance, life insurance and home insurance. It also facilitates the users to calculate interest rate, premium amount, saving interest rate, EMIs, etc., through online calculators available on the official website.

The Indian financial institution operates through ICICI Securities, ICICI Lombard, ICICI Prudential Trust Limited, ICICI Kinfra Limited, ICICI Financial services Ltd and ICICI First Source Ltd, ICICI Venture and ICICI Home Finance.