ICICI Bank facts for kids
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Headquarters in Bandra Kurla Complex, Mumbai
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Formerly
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Industrial Credit and Investment Corporation of India |
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| Traded as | |
| ISIN | ISIN: [https://isin.toolforge.org/?language=en&isin=INE090A01021 INE090A01021] |
| Industry | Financial services |
| Founded | 5 January 1955 |
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Number of locations
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7,066 (June 2025) |
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Area served
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Worldwide |
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Key people
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| Products |
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| Revenue |  ₹2.946 trillion (US$50 billion) (2025) |
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Operating income
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₹777.59 billion (US$13 billion) (2025) |
| ₹510.29 billion (US$8.7 billion) (2025) |
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| Total assets | ₹21.182 trillion (US$360 billion) (2025) |
| Total equity | ₹3.104 trillion (US$53 billion) (2025) |
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Number of employees
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 129,177 (2025) |
| Subsidiaries | ICICI Prudential Life Insurance ICICI Prudential Mutual Fund ICICI Lombard ICICI Securities ICICI Direct ICICI Home Finance Company |
| Capital ratio | Tier 1 16.97% (2022) |
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ICICI Bank Limited is a big bank and financial company from India. It has its main office in Mumbai and another important office in Vadodara. ICICI Bank offers many different services for both large companies and everyday people. These services include things like investment banking (helping companies with big money deals), life insurance, and managing money for others.
ICICI Bank has a huge network across India with 7,066 branches and 13,376 ATMs. It also has offices in 11 other countries around the world. For example, it has branches in the United States, Singapore, and China. It even has special companies in the United Kingdom and Canada. The Reserve Bank of India (RBI) has said that ICICI Bank is one of the most important banks in India. This means it's considered "too big to fail" because it's so important to the country's financial system.
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How ICICI Bank Started
The company that became ICICI Bank was first called the Industrial Credit and Investment Corporation of India (ICICI). It was set up on January 5, 1955. Sir Arcot Ramasamy Mudaliar was its first Chairman. It was created with help from the World Bank and other Indian banks. Its main goal was to help Indian industries get money for their projects.
ICICI Bank itself was started by ICICI in 1994 in Vadodara. At first, it was called the Industrial Credit and Investment Corporation of India Bank. Later, its name was shortened to ICICI Bank. In 2001, ICICI and some of its smaller finance companies joined together with ICICI Bank. This big merger meant that ICICI, which was once a government-supported institution, became a private bank.
Growing and Changing
In the 1990s, ICICI changed a lot. It went from just helping with project money to offering many different financial services. These services were provided directly or through other companies it owned, like ICICI Bank. ICICI Bank started offering Internet Banking in 1998, which was quite new at the time.
Over the years, ICICI reduced its ownership in ICICI Bank. In 1999, ICICI became the first Indian company and the first bank from non-Japan Asia to be listed on the NYSE stock exchange in New York. In 2001, ICICI Bank bought another bank called the Bank of Madura Limited.
In 2002, ICICI, ICICI Bank, and other related companies officially merged. During the 2008 financial crisis, some people worried about banks. There were rumors about ICICI Bank, and customers rushed to its ATMs. But the Reserve Bank of India quickly said that ICICI Bank was financially strong, which helped calm people's fears.
In 2015, ICICI Bank launched a service called Money2World. This service helps people send money to other countries online, even if they are not ICICI Bank customers. In March 2020, ICICI Bank invested 10 billion Indian Rupees in Yes Bank, which gave it a 5% ownership in that bank.
Banks ICICI Has Bought
Over the years, ICICI Bank has grown by buying other companies and banks. This helps them offer more services and reach more customers. Here are some of the companies they acquired:
- 1996: ICICI Ltd., a financial company in Mumbai.
- 1997: ITC Classic Finance, a company that helped people buy things like cars and trucks.
- 1997: SCICI (Shipping Credit and Investment Corporation of India).
- 1998: Anagram Finance, which had many branches and helped with car and truck loans.
- 2001: Bank of Madura, another bank.
- 2002: Some branches of Grindlays Bank in Darjeeling and Shimla.
- 2005: Investitsionno-Kreditny Bank (IKB), a bank in Russia.
- 2007: Sangli Bank, a private bank with many branches in India.
- 2010: The Bank of Rajasthan (BOR) was bought by ICICI Bank for 30 billion Indian Rupees. This bank then became part of ICICI Bank.
Helping India's Financial System
ICICI Bank has played a big part in building important financial organizations in India.
- In 1992, ICICI helped create the National Stock Exchange of India. This is a place where people can buy and sell shares of companies across the country.
- In 1987, ICICI helped set up CRISIL. This was India's first company that checks how financially strong other companies are.
- NCDEX (National Commodities and Derivatives EXchange) was started in 2003 with ICICI Bank's help. It's a place to trade things like farm products.
- In 2006, ICICI Bank helped create "FINO Cross Link to Case Link Study." This company uses technology like smart cards to help people in rural areas or those who don't have bank accounts get financial services.
- The Entrepreneurship Development Institute of India (EDII) was set up in 1983 with ICICI's support. It helps people learn how to start their own businesses.
- North Eastern Development Finance Corporation Ltd. (NEDFi) was started in 1995. It helps develop industries and farming in the North Eastern states of India.
- After a new law in 2002, ICICI Bank helped create Asset Reconstruction Company India Limited (ARCIL) in 2003. This company helps banks deal with loans that people can't pay back.
- ICICI Bank also helped create India's first national credit bureau, Credit Information Bureau of India Limited (CIBIL), in 2000. CIBIL collects information about people's borrowing history. This helps banks decide if they should lend money to someone.
What ICICI Bank Offers
ICICI Bank offers many different products and services for its customers:
- Accounts: You can open savings accounts and current accounts.
- Loans: They offer loans for homes, cars, personal needs, and even loans against gold. They also provide business loans.
- Deposits: You can put your money in fixed deposits or recurring deposits to earn interest.
- Cards: They offer various card services.
- NRI Banking: Special services for Non-Resident Indians (NRIs) who live outside India.
- Remittances: Services to send money to and from India.
- Digital Services: ICICI Bank has many digital tools like the iMobile Pay app, InstaBiz for businesses, and a digital wallet called Pockets. They also have a full digital banking system called ICICI Stack.
Other Companies ICICI Owns
ICICI Bank has several important subsidiary companies. These are companies that ICICI Bank owns and controls.
ICICI Prudential Life Insurance
This company offers life insurance policies. Life insurance helps protect families financially if something happens to the person who earns money.
ICICI Lombard
This company provides non-life insurance, like insurance for cars, homes, or health.
ICICI Prudential Mutual Fund
This company helps people invest their money in different ways, like in stocks and bonds, through mutual funds.
ICICI Securities
ICICI Securities helps people buy and sell stocks and other investments.
ICICI Bank Canada
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| Subsidiary | |
| Industry | Financial services |
| Founded | 2003 |
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Key people
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Vikash Sharma (President and Chief Executive Officer) |
| Parent | ICICI Bank Limited |
ICICI Bank Canada is a company fully owned by ICICI Bank. It is based in Toronto, Canada. It started in December 2003 and offers full banking services. It has seven branches in Canada and also offers online banking. It is part of the Canadian Bankers Association and its deposits are insured by the Canada Deposit Insurance Corporation (CDIC).
ICICI Bank UK PLC
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An ICICI Bank branch in London, United Kingdom
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| Subsidiary | |
| Industry | Financial services |
| Founded | 2003 |
| Parent | ICICI Bank Limited |
ICICI Bank UK PLC was started in England in February 2003. It is now a public company. It has seven branches in the UK, including in London and Manchester. This bank offers current accounts, savings accounts, and services to send money to India. It also helps businesses. In 2019, they launched a way to open an account instantly using their mobile app.
ICICI Bank US
ICICI Bank also has operations in the United States.
ICICI Bank Regional Subsidiaries
Besides the countries mentioned, ICICI Bank also has offices and operations in places like Bahrain, Germany, Hong Kong, and China.
See also
In Spanish: ICICI Bank para niños
- Banking in India
- List of banks in India
- Reserve Bank of India
- ICICI Lombard General Insurance
- ICICI Prudential Life Insurance
- ICICI Prudential Mutual Fund
