|Company Name:||ICICI Bank|
BSE & NSE:ICICI,
|Foundation:||1955 (as Industrial Credit and Investment Corporation of India)|
|Location:||ICICI Bank Ltd.,|
ICICI Bank Towers,
|Key People:||N Vaghul, K.V. Kamath, Chanda Kochhar, V Vaidyanathan, Madhabi Puri|
Capital Markets and allied industries
|Products:||Loans, Credit Cards, Savings, Investment vehicles, Insurance etc.|
|Revenue:||USD 5.79 billion|
|Assets:||Rs. 3,997.95 billion (US$ 100 billion) at March 31, 2008.|
ICICI Bank (formerly Industrial Credit and Investment Corporation of India) is India's largest private sector bank in market capitalization and second largest overall in terms of assets. Bank has total assets of about USD 100 billion (at the end of March 2008), a network of over 1,399 branches, 22 regional offices and 49 regional processing centres, about 4,485 ATMs (at the end of September 2008), and 24 million customers (at the end of July 2007). ICICI Bank offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and specialised subsidiaries and affiliates in the areas of investment banking, life and non-life insurance, venture capital and asset management. (These data are dynamic.) ICICI Bank is also the largest issuer of credit cards in India.  . ICICI Bank has got its equity shares listed on the stock exchanges at Kolkata and Vadodara, Mumbai and the National Stock Exchange of India Limited, and its ADRs on the New York Stock Exchange (NYSE).
The Bank is expanding in overseas markets and has the largest international balance sheet among Indian banks. ICICI Bank now has wholly-owned subsidiaries, branches and representatives offices in 18 countries, including an offshore unit in Mumbai. This includes wholly owned subsidiaries in Canada, Russia and the UK (the subsidiary through which the hisave savings brand is operated), offshore banking units in Bahrain and Singapore, an advisory branch in Dubai, branches in Belgium, Hong Kong and Sri Lanka, and representative offices in Bangladesh, China, Malaysia, Indonesia, South Africa, Thailand, the United Arab Emirates and USA. Overseas, the Bank is targeting the NRI (Non-Resident Indian) population in particular.
ICICI reported a 1.15% rise in net profit to Rs. 1,014.21 crore on a 1.29% increase in total income to Rs. 9,712.31 crore in Q2 September 2008 over Q2 September 2007. The bank's current and savings account (CASA) ratio increased to 30% in 2008 from 25% in 2007.
History of ICICI
It also opened an Offshore Banking Unit (OBU) in Singapore and representative offices in Dubai and Shanghai.
ICICI Bank Eurasia opened a second branch, this time in St. Petersburg.
ICICI also established a branch in Frankfurt.