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ICICI Bank Limited is an Indian multinational bank and financial services company headquartered in Mumbai with a registered office in Vadodara.It offers a wide range of banking and financial services for corporate and retail customers through various delivery channels and specialized subsidiaries in the areas of investment banking, life, non-life insurance, venture capital and asset management.
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In 1998, ICICI Bank introduced internet banking to its customers. [20] India's online banking system includes the National Electronic Funds Transfer (NEFT) and Real-time Gross Settlement (RTGS), which are overseen by the Reserve Bank of India (RBI) and the Immediate Payment Service (IMPS), which is run by the National Payments Corporation of ...
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The Hindu, Times Prime, PayU, Financial Software and Systems, Testbook Edu Solutions, Open Financial Technologies, Angel Broking and 5Paisa Capital moved to UPI AutoPay in September 2021. [ 157 ] Due to high usage, Samsung Electronics integrated UPI barcode scanner directly into mobile camera application for faster payment. [ 158 ]
The company was incorporated in 1999, under the Companies Act, 1956 as a wholly owned subsidiary of ICICI Bank. [11] [12] It was created by ICICI Bank to focus as a separate entity dedicated to provide housing finance. [13] ICICI HFC is registered with National Housing Bank.
In 2019, Zerodha became the largest retail stockbroker in India by active client base, overtaking ICICI Securities. It contributed up to 2% of daily retail volumes on Indian stock exchanges at the time. [11] In June 2020, Zerodha became a "unicorn" with a self-assigned valuation of around $1 billion based on an ESOP buyback. [12]
ICICI Prudential Mutual Fund is an Indian asset management company founded in 1993 as a joint venture between ICICI Bank and Prudential plc. [4] It is the second-largest asset management company in India after the SBI Mutual Fund .