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ICICI Bank’s 70th Anniversary: Serving the country since last 70 years


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ICICI Bank, as it enters its 70th year, has released a video that encapsulates its journey in serving the nation. The bank’s predecessor, the Industrial Credit and Investment Corporation of India (ICICI), was established on January 5, 1955, through a collaboration between the Reserve Bank of India and the World Bank. This initiative was part of independent India’s efforts to foster the growth of indigenous industries.

Throughout the years, ICICI has played a crucial role in bolstering India’s industrial sector. The bank has provided financial assistance to companies across various industries and has also helped set up pioneering institutions that have revolutionized different sectors of the economy. In the early 1990s, ICICI started a leading investment banking company. It also became the first Indian company and the inaugural non-Japan Asian bank or financial institution to be listed on the New York Stock Exchange (NYSE).

In the early 2000s, ICICI Bank expanded its offerings by venturing into the life and general insurance sectors, becoming a comprehensive financial services provider.

Technological Innovation and Expansion

ICICI Bank, set up on January 5, 1994, has always been at the forefront of technological innovation. In 2002, the merger of ICICI Limited and ICICI Bank transformed the institution into a universal bank, offering a wide spectrum of retail and corporate financial services.

In line with the government’s Digital India initiative, ICICI Bank’s flagship app, iMobile Pay, offers over 400 services catering to customers of the bank as well as customers of other banks. The bank has revolutionized business banking by introducing InstaBIZ, an innovative business banking mobile application for all businesses.

Social Impact

Beyond banking, ICICI Bank is committed to creating an enduring impact on society and the environment. The bank’s philanthropic arm, ICICI Foundation for Inclusive Growth, has made significant contributions to society. It has focused on providing affordable and accessible healthcare, creating rural livelihoods, and supporting societal development. These efforts have positively impacted the lives of millions of people.

ICICI Bank’s journey over the years reflects its commitment to serving the nation and driving economic growth. As it celebrates its 70th year, the bank continues to innovate and make a difference in the lives of its customers and the wider community.

One Comment

  1. During 60s I have an current account in Madura Bank and after the ICICI Bank takeover it I have also had a sb account in icici. The service to its customers is very excellent and the entire staff are doing excellent work.Greettings for its 70th Anniversary

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