ICICI Bank Full Form and History

ICICI Bank full form is Credit and Investment Corporation of India. This bank was established in 1995 and is one of the most prominent private sector banks in India range of financial services and innovative banking solutions. ICICI Bank offers many financial services to its users. Let’s know some basic information about ICICI Bank.

History of ICICI Bank

Here is the history of ICICI Bank:

Years	History
1955	ICICI established
1994	ICICI Bank launched.
1998	Introduced internet banking in India.
1999	First Indian bank listed on the NYSE.
2001	Acquired Bank of Madura.
2002	ICICI merged into ICICI Bank.
2003	Expanded to Canada, the UK, Singapore, and offices in Dubai, Shanghai.
2004	Entered Bangladesh and South Africa.
2005	Acquired Russian IKB Bank (renamed ICICI Bank Eurasia); opened branches in Hong Kong, Dubai.
2006	New branch in Belgium; offices in Jakarta, Bangkok, and Kuala Lumpur.
2007	Acquired Sangli Bank (189 branches).
2008	New York branch upgraded; Frankfurt office opened.
2013	First private mobile ATM branch in Maharashtra.
2020	Invested ₹1,000 crore in Yes Bank, acquiring over 5% stake.

Services Offered

ICICI Bank offers a wide variety of services such as,

They offer personal banking such as savings accounts, home loans, fixed deposits, auto loans, and credit cards.
ICICI offers NRI Banking, which is a dedicated service for non-resident Indians.
They also offer Corporate banking services such as cash management, trade services, and treasury solutions.
They offer investment services such as insurance, mutual funds, and wealth management.

Conclusion

In conclusion, ICICI Bank stands for Credit and Investment Corporation of India. So this reflects the bank's origins in supporting industrial development. If we talk about today's ICICI Bank, then it is a household name, which is offering a comprehensive suite of financial services and products. So we hope our blog on the ICICI Bank full form.

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Saniya

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