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Icici

In: Business and Management

Submitted By amberverma
Words 1839
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* . The Industrial Credit and Investment Corporation of India Limited.• In 1995, it was incorporated as the initiative of World Bank.• Objective: Creating a development financial institution for providing medium term and long term projects financing to Indian Business.• In 1994, ICICI established Banking Corporation as a Banking Subsidiary which was later renamed as “ICICI Bank Limited”. * 2. In the 1990s, ICICItransformed its business from In October 2001, the BoD of a development financial In 1999, ICICI become ICICI and ICICI Bank institution offering only the first Indian company approved the merger of project finance to a ICICI and two of its wholly- and the first bank or diversified financial services owned retail finance group offering a wide variety financial institution subsidiaries, ICICI Personal of products and from non-Japan Asia to Financial Services Limited services, both directly and be listed on the NYSE. and ICICI Capital Services through a number of Limited, with ICICI Bank. subsidiaries. * By the High Court of Judicature at Mumbai and the Reserve Bank of India in April 2002.By the High Court of Gujarat at Ahmedabad in March 2002.by shareholders of ICICI and ICICI Bank in January 2002.3. • The merger was approved : * 4. ‘s Subsidiaries * 5. • ICICI Bank is Indias second-largest bank• The Bank has a network of 2,888 branches and 10,021 ATMsin India, and has a presence in 19 countries, including India.• Equity Shares listed in BSE, NSE• Its American Depositary Receipts (ADRs) are listedinNYSE * 6. Global presence UK Belgium RussiaCanada USA Germany China Hong Kong Bahrain Bangladesh Qatar Malaysia UAE Thailand Mumbai Singapore Sri Lanka Indonesia South AfricaSubsidiary Representative Office Overseas BranchLargest international balancesheet among Indian banks 7 * Corporate CentreInternational BusinessProject Finance and Special...

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