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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.
ICICI HFC provides housing finance to individuals and corporates for purchase or construction of residential houses. [ 20 ] [ 21 ] [ 22 ] In 2019, the company has disclosed that it has disbursed over $162.91 million in housing loans in the country.
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The ICICI-Videocon loan scam is about a criminal conspiracy by Chanda Kochhar as Managing Director of ICICI Bank who abused her position by sanctioning a ₹ 3,250 crore (US$696.34 million) loan to Venugopal Dhoot's Videocon International Electronics Limited (VIEL) between June 2009 and October 2011 to cheat the bank in lieu of illegal gratification and undue benefit received in NuPower ...
The company provides housing finance to individuals and corporations for purchase/construction of residential houses. [13] [17] The type of loans offered by company include loans for purchase and construction of a residential units, purchase of land, home improvement loans, home extension loans, non-residential premise loans for professionals and loan against property and repayment options ...
In 2012, the company acquired GE Money Housing Finance and the home equity loan portfolio of GE Money Financial Services from GE Capital India. [10] In March 2015, Magma Fincorp received a Rs. 500 Cr investment from KKR, Indium V, and LeapFrog Investments. [11] In 2016, Mayank Poddar stepped down as chairman. [12]
Chanda Kochhar (née Advani, born 17 November 1961) is an Indian banker.She was the managing director (MD) and chief executive officer (CEO) of ICICI Bank from 2009 to 2018 [1] She resigned from her positions in 2018 due a case of conflict of interest. [2]
He joined ICICI when it was a Domestic Financial Institution (DFI) known for project financing, and helped the transition of ICICI from a DFI to a universal bank. He was appointed MD and CEO of ICICI Personal Financial Services (PFS) Limited at 32. In 2002, ICICI Limited merged with its subsidiary ICICI Bank and with ICICI PFS Limited.