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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.
Based on the other recommendations of the committee, the concept of a universal bank was discussed by the RBI and finally ICICI bank became the first universal bank of India. [17] [29] [30] The RBI published an "Actions Taken on the Recommendations" report on 31 October 2001 on its own website. Most of the recommendations of the Committee have ...
Its investors include the Government of India, Abu Dhabi Investment Authority (ADIA), Temasek, Ontario Teachers’ Pension Plan, AustralianSuper, CPP Investments, PSP Investments, US International Development Finance Corporation, and domestic institutional investors including HDFC Group, ICICI Bank, Kotak Mahindra Life, and Axis Bank.
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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 .
Following a prime ministerial review, the government decided to extend DBT to 27 central schemes in 78 more districts of the country from 1 July 2013. [31] [32] On 1 June 2013, the minister of petroleum and natural gas, M Veerappa Moily formally launched the direct benefit transfer scheme for LPG (DBTL) in 20 high Aadhaar coverage districts ...
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.
ICICI Lombard General Insurance is the largest private-sector general insurance company in India. [5] In a 2016 fiscal, ICICI Bank sold a 9.0% stake in ICICI General to its joint venture partner, Fairfax Financial Holdings, at a company valuation of ₹ 172.25 billion (equivalent to ₹ 250 billion or US$2.9 billion in 2023). [6]