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23rd March 2016, 10:15 AM
Super Moderator
 
Join Date: May 2012
Re: ICICI Banks

Hello, here I am providing you the details of the ICICI Bank as under:

About the bank:
ICICI Bank is an Indian multinational banking and financial services company headquartered in Mumbai, Maharashtra, India, with its registered office in Vadodara.

Key people
Mr. M. K. Sharma (Chairman)
Mrs.Chanda Kochhar (MD & CEO)

Products
Credit cards
Consumer banking
Corporate banking
Finance and insurance
Investment banking
Mortgage loans
Private banking
Wealth management
Personal Loan
Payment Solutions

Acquisitions:
1996: SCICI Ltd. A diversified financial institution with headquarters in Mumbai
1997: ITC Classic Finance. incorporated in 1986, ITC Classic was a non-bank financial firm that engaged in hire, purchase, and leasing operations. At the time of being acquired, ITC Classic had eight offices, 26 outlets, and 700 brokers.
1998: Anagram(ENAGRAM) Finance. Anagram had built up a network of some 50 branches in Gujarat, Rajasthan, and Maharashtra that were primarily engaged in retail financing of cars and trucks.
2001: Bank of Madurai
2002: The Darjeeling and Shimla branches of Grindlays Bank
2005: Investitsionno-Kreditny Bank (IKB), a Russian bank
2007: Sangli Bank. Sangli Bank was a private sector unlisted bank, founded in 1916, and 30% owned by the Bahte family. Its headquarters were in Sangli in Maharashtra, and it had 198 branches.
2010: The Bank of Rajasthan (BOOR) was acquired by the ICICI Bank in 2010 for ₹ 30 billion. RBI was critical of BOR's promoters not reducing their holdings in the company.


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