ICICI Bank Limited

ICICI was formed in 1955 at the initiative of the World Bank, the Government of India and representatives of Indian industry. The principal objective Read more was to create a development financial institution for providing medium-term and long-term project financing to Indian businesses. Until the late 1980s, ICICI primarily focused its activities on project finance, providing long-term funds to a variety of industrial projects. With the liberalization of the financial sector in India in the 1990s, ICICI transformed its business from a development financial institution offering only project finance to a diversified financial services provider that, along with its subsidiaries and other group companies, offered a wide variety of products and services. As India’s economy became more market-oriented and integrated with the world economy, ICICI capitalized on the new opportunities to provide a wider range of financial products and services to a broader spectrum of clients. ICICI Bank was incorporated in 1994 as a part of the ICICI group. In 1999, ICICI became the first Indian company and the first bank or financial institution from non-Japan Asia to be listed on the New York Stock Exchange. The Bank has a long-standing commitment towards promoting inclusive social and economic development. Our social efforts are driven by the vision to create a positive impact through projects that are sustainable with widespread reach and responsive to local developmental needs and urgencies. Through the Bank’s philanthropic arm, the ICICI Foundation for Inclusive Growth, a meaningful socio-economic change has been our endeavour.