ICICI Bank Headquarters Information

The name of the bank (ICICI) stands for Industrial Credit and Investment Corporation of India. This is a banking and financial services company based in Mumbai, India, with operations in the country and other parts of the world.

ICICI Bank is the 3^rd largest bank in India in terms of both asset size and market capitalization. The bank serves both retail and corporate clients through various channels.

In India alone, the bank has 4850 branches and 14,404 ATMs. It’s also present in 18 other countries apart from India. In Canada and the UK, the bank has subsidiaries.

The bank’s foreign branches are located in:

• Singapore
• Hong Kong
• Qatar
• Dubai
• South Africa
• China
• United States
• Oman
• Sri Lanka
• Bahrain

The bank has representative offices in:

• Bangladesh
• Indonesia
• Malaysia
• United Arab Emirates

The subsidiary of ICICI located in Britain also has branches in Germany and Belgium.

Brief History of ICICI Bank

In 1994, the bank was founded by an Indian financial institution called ICICI Limited. The bank was a wholly-owned subsidiary of the company. The company has a history that goes back to 1955 when it was started.

It was an initiative of the Indian Government, the World Bank and Indian Industry representatives. When it was founded, it was with the intention of creating a financial institution that would offer financing to businesses in India in the medium and long-term.

Before the 1990s, the ICICI was just a development financial institution. However, it changed its operations and started offering more products and services. It did this directly and also through affiliates and subsidiaries. ICICI Bank was one of these subsidiaries.

From 1998, the shareholding of ICICI in the bank has gone down to 46% as a result of:

• A share public offering in India in the 1998 fiscal year
• An equity offering in the 2000 fiscal year. This was in the form of NYSE listed ADRs
• The bank’s acquisition of Bank of Madura in the 2001 fiscal year (the transaction was all-stock)
• Secondary market sales in 2001 and 2002 to institutional investors

ICICI was the first company based in India and the first financial institution from Asia (excluding Japan) to be listed on the NYSE.

The Headquarters

The headquarters of ICICI Bank are located in the ICICI Bank Towers in Mumbai India. The towers are situated in the Bandra Kurla Complex which also serves as the location of many local and international corporate giants including:

• Dow Chemicals
• National Stock Exchange
• com
• Citibank etc.

The complex is only a few kilometers from the nearest airport. The Mumbai Ahmedabad Bullet Train will also have a terminus at the same location.

ICICI Bank Services

ICICI Bank offers a wide range of services that are meant to serve personal and corporate clients and everyone in between. Some of its exclusive offerings include its privilege banking services that offer clients a wide range of advantages when partaking in activities such as:

• Traveling
• Eating out
• Making retail purchases etc.

The bank also offers private banking services and wealth management solutions for both individuals and businesses.

 

ICICI Bank Headquarters Address

ICICI Bank Towers, Bandra-Kurla Complex, Mumbai 400 051

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