ICICI Bank is India’s second-largest bank. ICICI Bank has a network of about 500 to 600 branches and extension counters and over 3, 000 ATMs. ICICI Bank offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and through its specialized subsidiaries and affiliates in the areas of investment banking, life and non-life insurance, venture capital and asset management. ICICI Bank set up its international banking group in fiscal 2002 to cater to the cross border needs of clients and leverage on its domestic banking strengths to offer products internationally. ICICI Bank currently has subsidiaries in south and east countries entire the world.
ICICI was formed in 1955 at the initiative of the World Bank, the Government of India and representatives of Indian industry. ICICI become the first Indian company and the first bank or financial institution.
After consideration of various corporate structuring alternatives in the context of the emerging competitive scenario in the Indian banking industry, and the move towards universal banking, the managements of ICICI and ICICI Bank formed the view that the merger of ICICI with ICICI Bank would be the optimal strategic alternative for both entities, and would create the optimal legal structure for the ICICI group’s universal banking strategy.
Finally ICICI bank is very fast forward and very comfortable bank for all categories of Indian families. It really “HUM HAI NA” . But one thinks most of all private banks to be charged in fuel, that is the fault.