ICICI Bank
ICICI Bank Limited is an Indian financial services company with its registered office in Vadodara, Gujarat, and corporate office in Mumbai, Maharashtra. It offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of investment banking, life, non-life insurance, venture capital and asset management. ICICI Bank was originally promoted in 1994 by ICICI Limited, an Indian financial institution, and was its wholly-owned subsidiary.
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 and South Africa 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.
ICICI Bank offers products and services such as online money transfers, tracking services, current accounts, savings accounts, time deposits, recurring deposits, mortgages, loans, automated lockers, credit cards, prepaid cards, debit cards and digital wallets called ICICI pocket. ICICI bank launched ‘ICICIStack’ which provides online services such as payment options, digital accounts, instant car loans, insurance, investments, loans etc.
The Bank undertakes impact assessment of its CSR activities. In fiscal 2021, impact assessment for three major CSR activities were undertaken. These include skill development initiative under the ICICI Academy for Skills conducted through the ICICI Foundation, and the rural development and social awareness programme, implemented directly by the Bank. CSR Policy. The Bank’s CSR activities are largely focused in the areas of education, health, skill development and sustainable livelihoods, environmental projects, rural development.
Their shareholding pattern consists of Public having 10.02% shares, Government having 0.25% following by FII’s having 48.01% shares and DII’s with 41.72 % shares.
