ICICI Bank

ICICI Bank

ICICI Bank (Industrial Credit and Investment Corporation of India) is an Indian multinational banking and financial services company founded in 1994 headquartered in Mumbai, Maharashtra, India, with its registered office in Vadodara. The bank has a network of 4,450 branches and 14,404 ATMs  in India, and has a presence in 19 countries including India.

‘Industrial Credit and Investment Corporation of India (ICICI), an Indian financial institution, as a wholly owned subsidiary in 1994. The parent company 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, before it changed its name to the abbreviated ICICI Bank. The parent company was later merged with the bank.

ICICI on 10 Sep 2016 announced ‘software robotics’ initiative—a first by any Indian bank. Over 200 software robots are now performing over 1 million transactions per day for the bank which comprises 10% of its total transactions.