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ICICI

ICICI Full Form

The Full form of ICICI is Industrial Credit and Investment Corporation of India. Headquartered in Mumbai (Maharashtra), ICICI is an Indian multinational banking and financial services company. In 2014, it was the second largest bank in terms of assets and third largest in terms of market capitalisation in India.

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Industrial Credit and Investment Corporation of India Ltd (or ICICI) was formed earlier in 1955 and in 1994, ICICI Bank was formed as a subsidiary of Industrial Credit and Investment Corporation of India Ltd. Therefore, we had a company called Industrial Credit and Investment Corporation of India Ltd, and a company called ICICI Bank Ltd. With effect from March 31, 2002, by way of a “reverse merger”, Industrial Credit and Investment Corporation of India Ltd was merged into ICICI Bank, by leaving only ICICI Bank as the combined entity and the entity Industrial Credit and Investment Corporation of India Ltd no longer existed.

For corporate and retail customers, it offers a wide range of banking products and financial services through a variety of delivery channels and specialized subsidiaries in the areas of investment banking, venture capital, life, non-life insurance and asset management. Currently, the bank has a network of 4867 branches and 14417 ATMs across India. The Bank also has a presence in 19 countries including India.

Also See :

ICICI Bank PO Recruitment – Eligibility, application, dates

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