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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 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 .
In Mardia Chemicals Ltd. v. ICICI Bank, on 8 April 2004, the Supreme Court of India declared the Sarfaesi Act to be constitutionally valid. The Court said that a borrower may appeal against the lender in the debt recovery tribunal, without having to deposit 75% of the amount of the debt.
[20] In 2020, ICICI Prudential Life had crossed ₹ 2 trillion (US$24 billion) mark in assets under management (AUM). [21] The total premium income was ₹ 320 billion (US$3.8 billion) of which ₹ 120 billion (US$1.4 billion) was from the new business premium while approx. ₹ 210 billion (US$2.5 billion) was of the renewal premium. [22]
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In this June 28, 2017 file photo, a police officer stands outside the Riodoce office after the killing of the newspaper's co-founder Javier Valdez in Culiacan, Sinaloa state, Mexico.
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