ICICI Bank

ICICI Bank
FormerlyIndustrial Credit and Investment Corporation of India (as a Government Organization)
Company typePublic
ISININE090A01021
IndustryFinancial services
Founded5 January 1955; 69 years ago (1955-01-05)
Headquarters
Mumbai, Maharashtra, India (corporate headquarters)
Vadodara, Gujarat, India (registered office)
Number of locations
6,587 [1] (June 2024)
Area served
Worldwide
Key people
Products
RevenueIncrease ₹236,037 crore (US$28 billion)[3] (2024)
Increase ₹64,146 crore (US$7.7 billion)[3] (2024)
Increase ₹44,256 crore (US$5.3 billion)[3] (2024)
Total assetsIncrease ₹2,364,063 crore (US$280 billion)[4] (2024)
Total equityIncrease ₹270,032 crore (US$32 billion)[4] (2024)
Number of employees
1,35,900 (2024)[5]
SubsidiariesICICI Prudential Life Insurance[6]
ICICI Prudential Mutual Fund
ICICI Lombard[7]
ICICI Securities[8]
ICICI Direct[9]
ICICI Home Finance Company
Capital ratioTier 1 16.97% (2022)[10]
Rating
Websitewww.icicibank.com

ICICI Bank Limited is an Indian multinational bank and financial services company headquartered in Mumbai with a registered office in Vadodara. It offers a wide range of banking and financial services for corporate and retail customers through various delivery channels and specialized subsidiaries in the areas of investment banking, life, non-life insurance, venture capital and asset management.

ICICI Bank has a network of 6,587 branches and 17,102 ATMs across India.[12] It also has a presence in 11 countries.[13] The bank has subsidiaries in the United Kingdom and Canada; branches in United States, Singapore, Bahrain, Hong Kong, Qatar, Oman, Dubai International Finance Centre, China[14] and South Africa;[15] as well as representative offices in United Arab Emirates, Bangladesh, Malaysia and Indonesia. The company's UK subsidiary has also established branches in Belgium and Germany.[16] The Reserve Bank of India (RBI) has identified the State Bank of India, HDFC Bank, and ICICI Bank as Domestic Systemically Important Banks (D-SIBs), which are often referred to as banks that are "too big to fail".[17][18]

  1. ^ "Q1-2025: Performance review" (PDF). 27 July 2024.
  2. ^ "RBI approves appointment of Pradeep Kumar Sinha as Part-time Chairman of ICICI Bank". The Economic Times. Retrieved 25 May 2024.
  3. ^ a b c "ICICI Bank Consolidated Profit & Loss account, ICICI Bank Financial Statement & Accounts" (PDF). www.icicibank.com. Retrieved 27 April 2024.
  4. ^ a b "ICICI Bank Consolidated Balance Sheet, ICICI Bank Financial Statement & Accounts" (PDF). www.icicibank.com. Retrieved 27 April 2024.
  5. ^ "ICICI Bank Annual Report 2024" (PDF). Retrieved 8 August 2024.
  6. ^ "ICICI Bank sells 1.5% stake in ICICI Prudential Life Insurance for Rs 840 crore". Zee News. 22 June 2020.
  7. ^ "ICICI Bank divests stake in ICICI Prudential for Rs 2,250 crore". The Statesman. 22 June 2020.
  8. ^ "ICICI Securities". www.icicisecurities.com. Archived from the original on 3 December 2022. Retrieved 9 December 2020.
  9. ^ "ICICIdirect - Online Share Trading in India at low brokerage". www.icicidirect.com.
  10. ^ "Basel – Pillar 3 Disclosures" (PDF). icicibank.com. 30 June 2022.
  11. ^ a b c Credit Rating ICIC Bank
  12. ^ "Q1-2025: Performance review" (PDF). 27 July 2024.
  13. ^ "ICICI Bank Annual Report" (PDF). 8 August 2024.
  14. ^ "PM Modi inaugurates ICICI Bank's first Chinese branch in Shanghai". The Economic Times. 16 May 2015.
  15. ^ "ICICI Bank enter South Africa, opens branch in Johannesburg". Zee News.
  16. ^ "ICICI UK opens branch in Frankfurt". Sify. 29 February 2008. Archived from the original on 22 October 2012. Retrieved 30 July 2011.
  17. ^ "Monetary and Credit Information Review". Reserve Bank of India. 31 January 2024. Retrieved 5 September 2024. Domestic Systemically Important Banks (D-SIBs) - The Reserve Bank on January 2, 2023 released the list of Domestic Systemically Important Banks (D-SIBs). State Bank of India, ICICI Bank, and HDFC Bank continue to be identified as D-SIBs, under the same bucketing structure as in the 2021 list of D-SIBs.
  18. ^ "RBI releases 2020 list of Domestic Systemically Important Banks (D-SIBs)". Reserve Bank of India. 19 January 2021. Retrieved 5 September 2024.