ICICI Bank: Learn Key Points Using Mind Map

ICICI: Industrial Credit and Investment Corporation of India

Introduction:

• ICICI Bank is an Indian multinational banking and financial services company headquartered in Mumbai, and registered office in Vadodara. 
• In 2014, it was the second largest bank in India in terms of assets and third in term of market capitalization. 

History:

• The parent company of ICICI bank was formed in 1955 as a joint-venture of the World Bank, India's public-sector banks and public-sector insurance companies to provide project financing to Indian industry. 
• The bank was founded as the Industrial Credit and Investment Corporation of India Bank in 1994 
• The parent company was later merged with the bank. 
• In 1998, ICICI Bank launched internet banking 
• In 2000, ICICI Bank became the first Indian bank to list on the New York Stock Exchange 

Logo of ICICI Bank: 

Tagline: Hum Hain Na!
Headquarter : Mumbai, Maharashtra.
Chairman : Mr.M.K.Sharma
MD & CEO : Mrs. Chanda Kochhar
Founded in : 1994

Acquisition:

• SCICI Ltd (1996) 
• ITC Classic Finance (1997) 
• Anagram(ENAGRAM) Finance (1998) 
• Bank of Madurai (2001) 
• The Darjeeling and Shimla branches of Grindlays Bank (2002) 
• Investitsionno-Kreditny Bank (IKB), a Russian bank (2005) 
• Sangli Bank(2007) 
• The Bank of Rajasthan (2010) 

Domestic Subsidiaries:

• ICICI Prudential Life Insurance Company Limited 
• ICICI Lombard General Insurance Company Limited 
• ICICI Prudential Asset Management Company Limited 
• ICICI Prudential Trust Limited 
• ICICI Securities Limited 
• ICICI Securities Primary Dealership Limited 
• ICICI Venture Funds Management Company Limited 
• ICICI Home Finance Company Limited 
• ICICI Investment Management Company Limited 
• ICICI Trusteeship Services Limited 
• ICICI Prudential Pension Funds Management Company Limited 

International Subsidiaries:

• ICICI Bank USA 
• ICICI Bank UK PLC 
• ICICI Bank Canada 
• ICICI Bank Germany 
• ICICI Bank Eurasia Limited Liability Company 
• ICICI Securities Holdings Inc. 
• ICICI Securities Inc. 
• ICICI International Limited. 

Techno Products provided by ICICI Bank:

• ICICI Merchant Services 
• Money2India 
• Money2India Europe 
• Extra home loans 
• Smart Vault 
• ICICI Bank Unifare Bangalore Metro Card 
• Video Banking for NRI 
• ICICIBankPay on Twitter 
• Contactless Credit and Debit Cards 
• MySavings Rewards 
• iWish- the flexible recurring deposit 
• Software robotics 
• Blockchain technology 
• Branch on Wheel in Odisha 
• Digital Banking “POCKET” 
• Digital Village Project in Akodara Village of Gujarat 
• EMI on Debit Card 
• I-Mobile app for windows phone 
• ICICI Apathon App 
• India’s first” transparent credit card “in association with American Express 
• M-Pesa 
• Student Travel Card 
• Tap and pay 
• 'Saral­ Rural Housing Loan’ Scheme

Initiatives

• 100 Digital Villages 
• Go Green

Jiyo Khulke contest:

• Launched on: March 16, 2015 
• ICICI customers were invited to write their Jiyo Khulke moment (their most cherished moment of life) 
• In 2016 this contest got entered in the Limca Book of Records. 

Awards Received Recently:

• Best Retail Bank in India in Retail Financial Services Awards 2016. 
• Gold awards in the ‘Bank’ and ‘Credit card issuing Bank’ segments in the Reader’s Digest Trusted Brand 2016 Survey. 
• First in The Brand Trust Report (2016) by Trust Research Advisory 
• Global Safety Awards 2016 organised by the Energy and Environment Foundation. 

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