ICICI Bank Profile
ICICI Bank was incorporated by the Industrial Credit and Investment Corporation of India (ICICI), in 1994. The company came into being in the year 1955 as a joint-venture between the World Bank, India’s public-sector banks and public-sector insurance companies. With a network of 2,791 branches and 10,021 ATMs in India, ICICI Bank is India’s second-largest bank. Headquartered in Mumbai, with its registered office in Vadodara (Maharashtra, India) ICICI Bank (Industrial Credit and Investment Corporation of India) is an Indian multinational banking and financial services company, offering multiple financial products. ICICI Bank is among the Big Four banks of India. The bank has subsidiaries in the UK and Canada; branches in United States, Bahrain, Singapore, Hong Kong, Sri Lanka, Qatar, Oman, Dubai, China and South Africa; and representative offices in UAE, Malaysia, Bangladesh, and Indonesia. ICICI Bank initiated Go Green movement to make environment healthy by introducing cost effective automated channels to build awareness and consciousness of the environment.
One of the green products of ICICI bank is Vehicle finance, as per which 50% waiver on processing fee is provided on car models which uses alternate mode of energy such as models fitted with CNG fuel option. The models identified for the purpose are, Maruti’s LPG version of Maruti 800, Hyundai’s Santro Eco, Honda Civic Hybrid, Reva electric cars, Tata Indica CNG and Mahindra Logan CNG versions.