Know Details About ICICI Bank
ICICI changed into fashioned in 1955 on the initiative of the World Bank, the Government of India and representatives of Indian enterprise. The essential objective turned into to create a improvement monetary institution for supplying medium-term and long-time period assignment financing to Indian agencies. Until the late 1980s, ICICI mainly focused its sports on venture finance, offering lengthy-term finances to a ramification of commercial tasks. With the liberalization of the economic region in India within the 1990s, ICICI converted its commercial enterprise from a improvement financial institution imparting handiest undertaking finance to a diversified monetary services issuer that, along side its subsidiaries and other group organizations, offered a huge form of products and services. As India’s economy became more market-oriented and integrated with the world economy, ICICI capitalized on the brand new possibilities to offer a much broader variety of financial services and products to a broader spectrum of customers. ICICI Bank became integrated in 1994 as a part of the ICICI institution. In 1999, ICICI have become the first Indian enterprise and the primary bank or financial organization from non-Japan Asia to be listed at the New York Stock Exchange.
ICICI Group Companies
ICICI Prudential Life Insurance Company
ICICI Lombard General Insurance Company
ICICI Prudential AMC & Trust
Disha Financial Counselling
ICICI Home Finance Company Limited
ICICI International Limited
Fund Management Office
FSC Regulated CIS Manager
Unit No. 404, 4th Floor, Ebene Esplanade, 28 Cybercity
Board of Directors
|Mr. Girish Chandra Chaturvedi|
Non-Executive (part-time) Chairman
|Mr. Hari L. Mundra|
|Mr. S. Madhavan|
|Mr. Sandeep Bakhshi,|
Managing Director & CEO
|Ms. Neelam Dhawan|
|Mr. Anup Bagchi,|
|Mr. Radhakrishnan Nair|
|Mr. Rakesh Jha,|
|Mr. B. Sriram|
|Mr. Sandeep Batra,|
|Mr. Uday Chitale|
|Ms. Vibha Paul Rishi|
The problem of ordinary banking, which within the Indian context intended conversion of lengthy-time period lending institutions inclusive of ICICI into commercial banks, have been mentioned at length in the past due 1990s. Conversion into a bank offered ICICI the capacity to simply accept low-fee call for deposits and provide a wider variety of services and products, and extra possibilities for incomes non-fund primarily based profits inside the form of banking expenses and commissions. After attention of diverse company structuring options inside the context of the rising aggressive scenario in the Indian banking enterprise, and the move closer to accepted banking, the managements of ICICI and ICICI Bank fashioned the view that the merger of ICICI with ICICI Bank would be the surest strategic opportunity for both entities, and would create the ideal criminal shape for ICICI group’s established banking approach. The merger would decorate fee for ICICI shareholders via the merged entity’s get admission to to low-price deposits, more opportunities for earning price-based profits and the capability to participate inside the bills machine and offer transaction-banking services. The merger would beautify cost for ICICI Bank shareholders via a massive capital base and scale of operations, seamless access to ICICI’s strong corporate relationships constructed up over five decades, entry into new enterprise segments, better market proportion in numerous business segments, especially rate-primarily based services, and access to the enormous expertise pool of ICICI and its subsidiaries.
In October 2001, the Boards of Directors of ICICI and ICICI Bank accredited the merger of ICICI and two of its totally-owned retail finance subsidiaries, ICICI Personal Financial Services Limited and ICICI Capital Services Limited, with ICICI Bank. The merger changed into authorised by means of shareholders of ICICI and ICICI Bank in January 2002, via the High Court of Gujarat at Ahmedabad in March 2002, and with the aid of the High Court of Judicature at Mumbai and the Reserve Bank of India in April 2002. Consequent to the merger, the ICICI institution’s financing and banking operations, both wholesale and retail, have been incorporated in a single entity.
Awards – 2022
ICICI Bank has won awards in ‘Digital Sales & Engagement’ and ‘IT Risk & Management’ categories at the Indian Banks’ Association (IBA) Banking Technology Awards 2022. These awards recognise excellence in era and innovation within the Indian banking enterprise and witness energetic participation from banks.
ICICI Bank has received an award from The Digital Banker, a Singapore-based totally e-book, in the ‘Best Trade Finance Platform Initiative’ category. The Bank was provided for its answers which have helped digitise numerous import and export change transactions.
ICICI Bank has been recognized through the Warehousing Development and Regulatory Authority (WRDA) Department of the Government of India for supplying highest pledge financing against digital negotiable warehouse receipts(e-NWR) among non-public sector banks.
ICICI Bank has been declared winner in the ‘Creating Excellent Practice in ESG’ class at Navbharat Times BFSI Awards, a Hindi newspaper from the Times of India institution. The Bank has been recognised for its contribution to the sustainability, governance and CSR practices inside the enterprise.
ICICI Bank has been regarded as ‘House of the Year-India’ at the Asia Risk Awards 2022, organised via Risk.Net – a London-primarily based booklet. The Bank was acknowledged for its marketplace management in treasury solutions with an in depth worldwide branch community and progressive virtual techniques. This is the third yr in a row that ICICI Bank has been acknowledged as a winner in this category.
ICICI Bank has acquired the ‘Mahatma Award for ESG Excellence 2022’. These awards comprehend people, NGOs and establishments for their impactful contribution to sustainability, social impact and CSR.
ICICI Bank has bagged the numero one role in two classes at a poll which changed into organised by AsiaMoney, a London-based financial booklet from the strong of the Daily Mail. The poll – Asia’s Outstanding Companies Poll 2022- is designed to well known the agencies that have excelled in economic performance, management team excellence, investor members of the family and CSR initiatives. The Bank has emerged on the pinnacle of two lists – ‘Outstanding Companies in India’ and ‘Outstanding Company in Banking in India’.
ICICI Bank has gained a complete of six awards through Asian Banking & Finance, a Singapore-based magazine in 2022. The Bank has won awards for its retail banking projects in ‘Digital Transformation of the Year – India’ and ‘Service Innovation of the Year – India’ classes. The Bank was offered for its wholesale banking initiatives inside the ‘India Domestic Trade Finance Bank of the Year’, ‘India Domestic Initiative of the Year’ and ‘India Domestic COVID Management Initiative of the Year’ categories. The Bank additionally received inside the ‘Innovation Deal of the Year-India’ category for its corporate and funding banking projects.
ICICI Bank has been offered in ‘Best Digital Employee Engagement’ and ‘Best Lending Implementation’ classes by way of The Asian Banker, a Singapore-based totally publication in 2022.
ICICI Bank has won 3 awards by Asian Banking & Finance, a Singapore-based totally mag. The Bank has gained awards in 2022 for its wholesale banking projects within the following classes – ‘India Domestic Trade Finance Bank of the Year’, ‘India Domestic Initiative of the Year’ and ‘India Domestic COVID Management Initiative of the Year’.
ICICI Bank has been recognised as India’s ‘Best Domestic Bank’ through Asiamoney, a London-based economic booklet from the solid of the Daily Mail. The Bank has obtained the award for its financial overall performance, large branch community and its digital initiatives.
ICICI Bank has won 4 awards from Retail Banker International, a UK-primarily based finance portal. The Bank has emerged as a winner in 3 categories – ‘Best Retail Bank India’, ‘Asia Trailblazer of the Year’ and ‘Advances inside the use of Blockchain’ category. Additionally,the Bank become exceedingly recommended for its submission inside the ‘Excellence in SME Banking’ class.
ICICI Bank has been declared as the ‘Best Retail Bank in India’ for the 9th year in a row at The Asian Banker Excellence in Retail Financial Services International Awards 2022. This 12 months the Bank has additionally ranked 4th amongst banks in Asia Pacific, Middle East and Africa. ICICI Bank is the best Indian financial institution within the list of top 10 banks in this vicinity.
ICICI Bank has been awarded the ‘Best Banking & Finance Legal Team of the Year’ on the eleventh edition of the Indian Legal Awards. The awards are organised by Legal Era, a prison news portal. The award programme recognises prison finesse, innovation and accomplishments of in-house criminal groups and regulation companies.
ICICI Bank has gained the ‘Award for Consistent Excellence’ organised with the aid of Global Custodian — a magazine covering the international securities offerings business.�The Bank won the award based on its overall performance throughout parameters like asset control, asset protection, risk control, relationship management and use of era.
ICICI Bank has been adjudged as the ‘Best Domestic Private Bank in India 2022’ by means of Asiamoney, a Singapore based financial magazine that is a part of the Euromoney guide institution. ICICI Bank’s fulfillment in the Private Banking enterprise, such as Family Office, may be attributed to its ‘Fair to Bank, Fair to Customer’ philosophy, coupled with a partnership method followed with its customers.
ICICI Bank has been adjudged ‘Company of the Year’ by using Forbes India, a main business mag. The Bank has been selected as the nice enterprise in 2021-22 primarily based on its all spherical overall performance.
ICICI Bank has acquired awards in two categories on the Celent Model Bank Awards, 2022. These coveted awards are organised with the aid of Celent, a international research and advisory company. The Bank became adjudged as the ‘Model Bank’ within the ‘Small Business Digital Banking’ class for InstaBIZ and InstaOD offerings. ICICI Bank turned into additionally adjudged because the ‘Model Risk Manager’ inside the ‘Data, Analytics and AI’ class for use of automated patron verbal exchange and AI-pushed models for strategic management of retail debt, and to minimise credit score default risks because of the COVID-19 pandemic.
ICICI Bank has emerged as the�’Best Bank of the Year’�in a survey that changed into performed by Business Today, for the second one yr in a row. Business Today undertook the survey with KPMG as its Knowledge Partner. In addition to quantitative parameters, consisting of growth, length and strength, the jury of the survey selected ICICI Bank for its stellar overall performance in other qualitative aspects, together with effectiveness of digital tasks, danger control, proper governance and management stability
ICICI Bank has received six awards at the Indian Banks’ Association (IBA) Banking Technology Awards, 2022. The Bank has bagged the maximum number of awards among all banks. ICICI Bank changed into declared the winner in 3 categories, specifically -�’Best Payments Initiatives’, ‘Best Fintech Adoption’�and�’Best Use of AI, ML & Data Analytics’. The Bank become adjudged as a runner-up in the three classes particularly,�’Best Technology Bank of the Year’, ‘Best Digital Financial Inclusion Initiatives’�and�’Best IT Risk & Cyber Security Initiatives’
Internet Banking Features
Carry out all of your banking transactions and effectively control your finances from everywhere in the international with net banking from ICICI Bank. Experience real-time get entry to to all of your debts with more than 350 services and facilities on our internet banking portal. With a feature-rich dashboard and a continuing user interface, internet banking from ICICI Bank is designed to make your banking experience less difficult and extra convenient.
The benefits don’t quit here. You also can view the info of your account, open constant and habitual deposits, employ the calendar and get admission to numerous shortcuts. ICICI Bank’s net banking even lets you music your belongings, liabilities, loans, investments and credit score cards the usage of one versatile platform.