ICICI Bank Ltd Company History

The Bank was Incorporated on 5th January at Baroda. ICICI Bank was promoted by ICICI and erstwhile SCICI Ltd. and received the Certificate for Commencement of Business on 24th February. It does banking business of all kinds. It was founded as an institution to provide

quality banking services using state-of-the-art technology.

The Bank has established a well diversified branch network with 24 branches in 15 centres covering 12 states. The bank set up a fully computerised environment with the State-of-the-art technology at all offices continuously upgrading its strong systems and procedures with

special emphasis on risk management.

The deposit products and other services of the bank were branded with names such as `Maxicash' for services accounts, `Money Plus' for Current Account, `Quantum' for fixed deposit account, `Power Pay' for payroll accounts treasure chest for locker facilities and `Trice' for

automated teller machine facility.

The Bank had, in compliance with a directive issued by RBI, deposited in aggregate Rs 88.16 crores with small Industrial Development Bank of India and National Bank for Agricultural & Rural Development.

The `B' category branches were authorised to handle full range of foreign exchange transaction of customers and five other branches were placed in `C' category to handle limited foreign exchange transactions.

Seven branches of the bank with substantial foreign exchange business were linked to the society for worldwide Interbank Telecommunication (SWIFT) network which enables them to transmit Letter of Credit and fund transfer messages promptly world wide.

700 No. of equity shares subscribed for by signatories to the Memorandum of Association. 1500,00,000 No. of equity shares allotted to ICICI Ltd.

The bank introduced electronic funds transfer facility. The bank hasa full fledged vigilance and inspection department.

The bank opened 11 branches and 2 extension counters thereby increasing the total network of branches to 33 and extension counters to 4.

The Bank offered 150,00,000 No. of equity shares of Rs 10 each at a prem., of Rs 25 per share to ICICI.

The Bank offered for sale 412,50,200 No. of equity shares of Rs 10 each at a price of Rs 35 per share.

Sicom Ltd. has entered into an agreement with ICICI Bank and Dresdner Bank for providing a counter guarantee against letters of credits (LCs) opened by its clients.

The merger of SCICI with ICICI effective from April 1, the bank has become a wholly-owned subsidiary of ICICI.

ICICI Banking Corporation, a fully-owned subsidiary of Industrial Credit & Investment Corp of India Ltd, has finalised an offer for sale of 4 crore equity shares of Rs.10 each at a premium of Rs.30 per share, according to merchant banking sources.

ICICI Bank, which introduced Internet banking in India, is set to launch various technology-based new services in the near future. Some of the new services include setting up of call centres and the introduction of fund transfers between own accounts in its branches.

ICICI Banking Corporation Ltd, the first bank in the country to go in for Internet banking, is now all set to provide its account-holders with the facility of transferring funds across their accounts on the Net.

1999 - ICICI Bank has signed an agreement to use the NCR switchmark technology for online-networking all its ATMs, the officials said they network would come into place in September.

ICICI Bank recently restructured its organisational structure by setting up strategic business units for retail banking, corporate banking and forex and treasury operations, as independent profit centres.

ICICI is all set to launch a 60-second television commercial on August 15, 1999.

ICICI Bank became the first Indian bank to list on the New York Stock Exchange with its $175-million American depository shares issue generating a demand book 13 times its size at $2.2 billion.

The Bank proposes to bring credit cards to the "large, underserved population" in rural and semi-urban areas.

SkyCell Communications Ltd, one of the two cellular service providers in Chennai, has launched `Sky Banking', for which the company has tied up with ICICI Bank and HDFC Bank.

The ICICI has announced the launch of mobile banking services for its customers, using the wireless application protocol (WAP) technology.

Ford India has tied up with ICICI Bank to introduce a scheme, enabling non-resident Indians (NRIs) to purchase a Ford Ikon car for their friends and relatives in India.

ICICI Bank has set up a ATM facility at a Indian Oil Corporation petrodiesel outlet at Chennai.

ICICI Bank has tied up with Chennai Telephones to provide Internet bill payment facility to its customers.

ICICI Bank has tied up with the Siddhivinayak temple trust to enable the bank's infinity (Internet banking) customers to order and pay for a pooja online, on the occasion of "Aangaraki Chaturthi".

The Bank proposes to extend its area of operation by opening about 35 to 40 offices and extension counters during the current fiscal subject to the Reserve Bank of India's approval.

ICICI Bank will launch a slew of new schemes in the personal segment ranging from launch of co-branded credit cards to providing loans against share within the next three months.

The Company has offered higher rates of interest on its regular income bonds and multiplier bonds while pruning it on tax saving bonds.

The Finance portal India Infoline has tied up with ICICI Bank and HDFC Bank for banking back-ends.

Tata Teleservices Ltd. has tied up with ICICI Bank and Global Trust Bank to enable its customers to use Internet banking facilities for the payment of telephone bills.

ICICI Bank will provide credit for online transactions over chem-B.com, the online trading site for chemicals and chemical products, launched by Chembazaar Online Pvt. Ltd.

ICICI became the first financial institution to go for placement of dematerialised debt securities.

Mumbai-based ICICI Bank launched its Kid-e-bank facility in Bangalore.

ELECTRICMELA.com, the B2B portal for the electrical industry is entering into an alliance with ICICI Bank for payment gateways.

Spice Cell has tied up with Citibank N A, HDFC Bank and ICICI Bank for mobile bill settlements

ICICI Bank and UAE Exchange Centre have entered into a wire transfer arrangement, for electronic and telex transfer of funds.

The Bank has tied up with MunshiKaka.com to provide value added services to its customers.

ICICI has signed a tripartite agreement with Amitabh Bachchan Corporation Ltd. and Mr. Amitabh Bachchan, appointing him as its brand ambassador.

The new generation ICICI Bank has extended its business multiplier scheme to current account holders in Coimbatore.

ICICI Bank has launched the Business Multiplier Account in Kerala.

The swap ratio for the merger of Bank of Madura (BoM) with ICICI Bank has been pegged at 1:2 i.e., two shares of ICICI Bank for every one share of BoM.

The Kerala Government has joined hands with ICICI Bank to introduce Internet banking facility in the State's public sector undertakings.

ICICI Bank launched its debit card under the brand name "ICICIN-cash."

ICICI Is all set to become the first domestic financial institution to get a financial strength rating by the Moody's Interbank Credit Services, the bank credit rating arm of the international credit rating agency Moody's Investors Services.

The Bank of Madura (BOM) got merged with ICICIBK. The share exchange ratio was fixed at two shares of ICICIBK for one share of BOM. With this merger ICICIBK has become one of the largest private sector banks in India. Commenting on the merger Shri H N Sinor, Managing Director and CEO ICICIBK said that "This merger would lead to considerable synergies in the operations of the merged entity and would benefit the customers and other stakeholders.

ICICI Bank and Deutsche Bank have entered into a long-term rupee interest rate swap benchmarked to Government bond yields.

ICICI Bank has tied up with Advantage E- Accounting to offer an on-line taxation and personal finance services along with off-line services like filing.

The Bank has entered into a wire-transfer arrangement called `Money2India' with the United Arab Emirates largest foreign exchange house for transfer of funds to India.

ICICI emerged as the largest fund mobiliser during 2000-01 by privately placing debts with more than one year tenure for Rs 6,413 crore, even as public sector State Bank of India placed the single largest placement of the year for Rs 2,500 crore, according to Prime Database

ICICI Bank and BPL Mobile have tied-up to launch a co-branded credit card. To be named ICICI bank-BPL Mobile Credit Card, the card will be operational by the end of August this year.

ICICI Bank has launched its interactive touch screen kiosk 'Sparsh' at its automated teller machine (ATM) centres and branches allowing free access to its online services.

ICICI Bank has introduced a Web-based product that facilitates on-line conclusion of forex deals in the city.

ICICI Bank has launched its hundredth ATM in Mumbai. With this, the bank will have a network of 574 ATMs spread across 54 cities. According to a press release, ICICI Bank continues to focus attention on newer functions that will enable the ATM network to be a key tool of its

customer acquisition and retention strategy.

ICICI Bank launched its 100th ATM in Mumbai at the bank's branch in Nariman Point. The bank now has a network of 574 ATMs spread over 54 cities in India.

Visa international and ICICI bank on September 10 announced a pilot programme for facilitating e-commerce in the country.

As part of its drive to introduce alternate delivery channels, ICICI Bank has launched mobile banking facilities in conjunction with Spice

Communications.

ICICI Bank has aligned the compensation structure of officers of Bank of Madura and made it performance-linked in line with ICICI Bank

The ICICI Bank, Teynampet, Chennai, has been directed by the District Consumer Disputes Redressal Forum, Chennai (South) to pay a compensation of Rs 50,000 to a credit-card holder of the bank for `deficiency in service'.

In the run-up to the reverse merger with ICICI Bank, ICICI has slashed its management grades to have an identical administrative structure like that of the banking subsidiary. ICICI had changed its management structure by combining two levels and cutting down the

management structure to eight levels.

ICICI Bank plans to tap the debt market to raise Rs 350 crore for meeting Tier-II capital requirements.

ICICI Bank and BPL Mobile have tied-up to launch a co-branded credit card. To be named ICICI Bank-BPL Mobile Credit Card.

The bank has developed multiple access channels comprising lean brick and mortar branches, ATMs, call centers and Internet banking. As on June 2001, the bank had a network of 357 branches and 37 extension counters. Its network of 546 ATMs is the largest in the country

accounting for nearly 18% of all ATMs in the country. Customers in 37 cities can now access account information over the telephone. These investments in channel infrastructure have enabled the bank to achieve rapid growth in its retail business.

CICI Bank Ltd has informed that the Board of Directors inducted Shri N Vaghul, as an Additional Director on the Board of the Bank. non-executive whole-time director and also the non-executive Chairman of ICICI Ltd.

The board of directors of ICICI Bank and ICICI in separate meeting at Mumbai, approved the merger of ICICI with ICICI Bank. The merger of two wholly-owned subsidiaries of ICICI, ICICI Personal Financial Services and ICICI Capital Services, with ICICI Bank was also approved by the respective Boards.The high courts of Mumbai and Gujarat, and the Government of India (GOI) as may be required. Consequently, the appointed date of merger is proposed to be March 31, 2002, or the date from which RBI's approval becomes effective, whichever is later.

The scheme of amalgamation envisages a share exchange ratio of one domestic equity share of ICICI Bank for two domestic equity shares of ICICI. As each American Depositary Share (ADS) of ICICI represents five domestic equity shares while each ADS of ICICI Bank represents two domestic equity shares, the ADS holders of ICICI would be issued five

ADS of ICICI Bank in exchange for four ADS of ICICI.

ICICI Bank Ltd has informed BSE that Reserve Bank of India on April 26, 2002 approved the merger of ICICI Ltd and two of its wholly owned subsidiaries, ICICI Personal Financial Services Ltd and ICICI Capital Services Ltd with ICICI Bank Ltd.

ICICI Bank acquires Shimla and Darjeeling Branches from Standard Chartered Grindlays Bank.

2002-ICICI Bank sells 3 million equity shares of Bhushan Steel.

ICICI Bank Ltd has sold 2,75,000 equity shares of Bhushan Steel & Strips Ltd on August 07, 2002 at Rs 35 per share on spot delivery basis.

S&S Power Switchgear Ltd has informed BSE that ICICI bank has appointed Mr S C Bhatia as Nominee director on Board of the Company with effect October 24, 2002.Further the Board has accepted the resignation of Mr A R Santhanakrishna as director with effect from August 18, 2002.

BPL Ltd has informed BSE that ICICI Bank Ltd has nominated Mr V A Raghu as their nominee on the Board of the Company with effect from September 30, 2002.

ICICI Bank Ltd has informed that the Government of India has nominated Ms Vinita Rai, Secretary (Banking & Insurance) as the Government Nominee on the Board of the Bank in place of Mr D C Gupta with effect from October 31, 2002.

Launches eCheques facility for its internet banking

Moody's upgrades ICICI's Rating above India's Rating

Enters into agreement with Bharti Cellular paving consumers to recharge the Bharti's pre-paid cash cards (Magic) at ICICI ATM machines

Launches a scheme called `Mutual Fund Sweep Account' which enables its customers to invest surplus funds in their current accounts in high-liquidity mutual funds through an automatic sweep facility

Clinches a deal with the govt. of Karnataka for partial payment of services

High Court approves ICICI, ICICI Bank merger

RBI approves ICICI Bank--ICICI merger

Deposits Rs 3,000 cr with RBI to meet Cash Reserve Ratio (CRR) requirements

Placed itself as a one-stop financial solutions supplier with a branch out and de-risked business model. ICICI Bank - with ICICI, ICICI Personal Finance Services and ICICI Capital merged with itself - is the biggest private sector bank in the nation with a balance sheet size of Rs 1,04,000 crore, capital adequacy of 11.44 per cent, 500 outlets and 1,005 ATMs

Ties up with Bharti for pre-paid mobile cards via ATMs

BPL Mobile and ICICI Bank tie up to enable to recharge BPL's prepaid cellular service ability (branded `mots') at any of the bank's 1000 plus ATMs across the nation

K V Kamat appointed MD and CEO, Lalita D.Gupte Joint MD

Ties up with NCR Corporation, ATM manufacturer

Merged ICICI Bank makes debut on BSE and NSE

Rallis terminates contract farming agreement with ICICI Bank

Allots equity shares to erstwhile equity shareholders of ICICI

ICICIdirect.com, the brokerage arm, launches online trading in derivatives

Put on sale the land held by Pal Peugeot - the defunct joint venture between Premier Automobiles and Peugeot

Introduces first home loan securitisation scheme of Rs 58 crore

Buys 190 Ajmera reisdential flats for Rs 37 cr

Sanctions debt restructuring package to Alufluoride Ltd.

Takes over Shimla and Drajeeling branches of Standard Chartered Bank

Bank of India (BoI) ties up with ICICI Bank to utilize former's wide branch network covering 1,000 branches for the latter's cash management services

ICICIdirect.com unveils Direct Alerts

AirTel, in tie-up with the ICICI Bank, declares the launch of re-charge facility for the AirTel Magic pre-paid cards on ICICI Bank's ATM network in the twin cities of Hyderabad & Secunderbad in Andhra Pradesh

Replaces Rs 7000 cr high cost borrowings of ICICI

Sets up Private Banking Division to target high net worth individuals

Bags Best Internet Bank award by Global Finance, organiser of the World's Best Internet Bank Awards 2002

Ties up with IL&FS Mutual Fund to offer to mutual fund products online

Gets Debt Recovery Appellate Tribunal (DRAT) approval to divest Daewoo's Surajpur assets

Figures among the Top 1000 world banks

Soma Textile Board allots Optionally Fully Convertible Debentures (OFCD) to ICICI Bank aggregating Rs 3.22 cr.

Classifies loans to Dabhol Power Company as NPAs

Unveils mobile banking alerts

Srei International Finance Ltd (Srei) forays into debt securitisation alliance with ICICI Bank

ICICI Bank bags UK Banker Magazine award

Introduces Roaming Current Account, a new current account product

Launches call centre in Hyderabad

Hamblin Watsa Investment Council acquires 42.31 million equity shares of ICICI Bank

101.4 million shares of ICICI Bank held by ICICI Ltd. transferred to the ICICI Bank Shares Trust

ICICI Bank divests 16.5% stake for Rs 1,320 crore

Foreign holding in ICICI Bank reaches 62%

Lalbhais acquire ICICI's 10% stake in Amtrex Hitachi

Orcasia acquires 42.31 million equity shares of ICICI Bank

SBI, ICICI Bank feature among top 100 banks in Asia

ICICI Knowledge Park, Apollo Hospitals ink MoU

Launches chip-based credit card for transporters

ICICI Bank launches `Drivesmart' credit card for transporters

Buys 'Sobha Pearl' property in Bangalore owned by Sobha Developers for Rs 20 crore

Launches new initiative called '180 degree feedback'

Unveils 'eTransfer' for NRI's

ICICI Knowledge Park ties up with Apollo Hospitals

HDFC MF ties up with ICICI Bank for Any Time Mutual Fund (ATMF) service

Signs MoU with Food Ministry for optimal utilisation of Plan funds and to bring in professional appraisal in project financing

SBI divests 10 lakh shares of ICICI Bank

ICICI Bank, RPG Cellular Services Ltd. in alliance for recharge facility at ATMs

Takes posession of Mardia Chemicals Unit under NPA Act

Ties up with co-operative banks for free-float funds

Introduces ATM in Bengali language

Takes over Patheja group assets under securitisation law

ICICI Bank Home Shoppe starts operations in Pune

Launches 'ATM on Wheels' in Mumbai

Euromoney Asia poll reports ICICI Bank as the best managed bank in Asia in the category of banking and finance

Skoda Auto ties up with ICICI Bank to offer Skoda Monthly Instalment (SMI), rather than an equated monthly instalment, for its cars

Secures special one-time approval from RBI for issuing tax-free bonds worth Rs 2500 crore

Becomes the first Indian bank to launch a Resident Foreign Currency (RFC) account

ICICI Bank chairman Mr. N Vaghul heads Asset Reconstruction Company (ARC)

ICICI Bank, HPCL launch co-branded Visa Electron Debit Card

Launches `Welcome Kit' which will help the person, who opens an account with ICICI Bank to operate his account immediately

Launches micro-finance programmes

ICICI Onesource deploys new recruitment system

Sets up NRI advisory service

Singapore govt offloads 2-cr shares of ICICI Bank

Bank chief K V Kamath appointed head of finance panel for river linking project

Launches 'Give2India' to facilitate donations by NRIs

Comes out with a bond issue of Rs 400 crore

Installs Telugu language ATMs in Hyderabad

Launches 'ICICI Bank Pure Gold'-certified and tamper proof 24-carat pure gold coins in Chennai

Collects over Rs 1,200-cr via first bond issue

Obtains 'excellence in retail banking' award instituted by the Singapore-based Asian Bankers Journal

ICICI Bank-led combine gets approval for Nationwide Multi Commodity Exchange (NMCE) set up

BioServe takes up about 3,000 sq.ft space at the ICICI Knowledge Park to set up a contract research lab

Sets up integrated currency management center in Pune

Rama Newsprint & Papers Ltd allots 5632129 no. of Equity shares to ICICI Bank Ltd on conversion right exercised by them

HDFC, ICICI buy 33-pc stake in Hindustan Coca-Cola Beverages, the Indian bottling subsidiary of the Atlanta-based carbonated soft drinks giant Coca-Cola

Reliance Info forges alliance with ICICI for bill receivables

Ties up with Employees Provident Fund Organisation to distribute pension across the country

Ties up with TeNet for micro-banking

Starts 12-hours banking services

ICICI Bank restructures organisational structure

Acquires the Credit Card Division of Tata Finance

Air India ropes in ICICI Bank as authorised dealers for hedging

ICICI Bank along with others set up Rs 800-cr "India Advantage Fund"

Records Rs 8000-cr securitisation during '02-03

Enters deal with Pramati Technologies to deploy Pramati Server Software

Tops NPA recovery list among domestic lenders

Unveils Pure Gold coins in Karnataka

Decides to scrap '97 series deep discount bonds

Obtains approval to set up Overseas Banking Units (OBU)

Communication ministry engages ICICI Bank, IIT to study viability of telecom firms

Unveils NRI remittance product in Canada

ICICI Bank, Amway launch co-branded international credit card

Picks up 25% shares in NCDEX (National Commodities & Derivatives Exchange)

ICICIdirect introduces tax-free Savings Bond '03 online

Videsh Sanchar Nigam Limited (VSNL) and ICICI Bank have announced a tie-up for the distribution of Tata Indicom`s dial-up Internet services

ICICI Bank offers rail ticket booking facility to its customers

Buys Apple Credit's 30-pc stake in Transamerica Apple Distribution Finance Ltd. (TADFL)

Takes over 100-pc of TADFL

Outgoing ICICI Bank Joint Managing Director Mr. H N Sinor becomes new chief executive and secretary of Indian Banks Association (IBA)

ICICI Bank, HDFC Bank tie up with Indian Railway Catering and Tourism Corporation (IRCTC) for online rail bookings

ICICI Bank, DaimlerChrysler team up for new finance scheme

Gets Insurance Regulatory Development Authority (IRDA) nod for India Advantage Fund

Announces VRS, the first for the new generation private sector banks

Bags DM Review World Class Solution Award 2003

Enters into an institutional agreement with Dubai Bank wherein ICICI Bank would be the principal correspondent bank of Dubai Bank in India

Discontinues the contract with Bollywood Superstar Amitabh Bachchan since it finds him too expensive

Embarks on market making securitised instruments

Global Finance Magazine awards ICICI Bank as the "Best consumer internet Bank in India"

ICICI Bank empanelled for JNPT's Electronic Data Interchange (EDI) project

Signs option contract with BHEL

ICICI Bank's 1350 employees opt for VRS

Textile sector leads ICICI Bank's NPA

Approves 7.3 million options to its employees

Birla Tyres ties up with with ICICI bank to offer Rs 2 lakh life insurance benefit to the truck drivers on the purchase of every pair of tyres

Inaugurates its first Offshore Banking Unit (OBU) at SEEPZ Special Economic Zone, Mumbai

ICICI implements NCR solution (Cheque Mark PDC Module) for post dated cheques

ICICI Bank picks up Timesofmoney.com's e-filing service

ICICI Bank acquires 17.75% stake in NDTV

Launches 'Instra Transfer', an NRI remittance product, which will enable NRIs in the Gulf to transfer funds to India within two hours

Acquires 36,000,000 shares amounting to 12.65% of Himachal Futuristic Communications Ltd (HFCL)

Divests 0.31% shares in Federal Bank

Converts part of HFCL loan into equity shares giving 12.65% stake in the company

Inaugurates Singapore branch

Decides to take the service of Bollywood Superstar Amitabh Bachchan (Big B) on purely case-to-case basis

ICICI Bank in alliance with Federation of Automobile Dealers Association (FADA) unveils credit card for vendors to dealers and opens a business-to-business (B2B) section in FADA's Web site

West Coast signs agreement to acquire ICICI's 34 percent stake in Rama Newsprint & Papers Ltd. (RNPL)

Investmentz.com forges alliance with ICICI Bank for offering payment gateway to its customers for real-time transfer of funds

Banker Magazine of UK confers its 'Best Multi-Channel Strategy 2003' and Bank of the Year 2003' awards to ICICI Bank

Instanex Skindia depository receipts index increases the index percentage of market capitalisation used for ICICI Bank to 95 per cent from 75 per cent

ICICI Bank in association with the Federation of Automobile Dealers Association (FADA) unveils a credit card for vendors to dealers and opens a business-to-business (B2B) section in FADA's Web site

Issues notice to Ponni Sugars (Orissa) Ltd. to take possession of the Balangir Sugar Mill

Allottment 287774 equity shares of face value of Rs.10/- each on October 13, 2003 under the Employee Stock Option Scheme.

ICICI bank gets Banker magazine awards for the year

Crisil assings highest ratings to instruments issued under ICICI Bank's securitisation programme

ICICI bank gets 'Best emerging market Bank ' award from the Global Finance Magazine

Mr. R Seshasayee who was appointed as Director on the Bank on May 03, 2002 has tendered his resignation as a Director of the Bank.

ActionAid has signed up with ICICI to launch the Karm Mitra credit card

The trading of icici issued bond October 2000- Tax Saving Bond - Option I ICICI1100 N1 (benefit u/s 88) was suspended

ICICI Bank introduced foreign currency term deposit scheme for non-residents including NRI's at its offshore banking unit (OBU) in mumbai

ICICI tie up with Big Bazaar to introduce Co-branded Card specifically for Big Bazaar customers.

The company's asset-backed securities (ABS) worth Rs 835 crore on october 09 obtained highest safety ratings from Icra.

The company unveiled its global deposits scheme for individuals from its Singapore branch.

Tied up with SBI and HDFC to share ATM networks

Has set up representative office in Dubai

Allotted 166857 equity shares of face value of Rs.10/- each on October 20, 2003 under the Employee Stock Option Scheme.

ICICI Bank unveils global deposits

Five persons have been arrested on the charge of duping ICICI Bank of Rs 1.34 crore by encashing a cheque purported to have been issued by Fortis Banque of France..

ICICI bank credit cards cross two million mark

ICICI Banks 300 million dollar Eurobond has been awarded for being the best bond issue of India and emerging Asian market during 2003, by two foreign magazines.

ICICI ePayments Ltd. has informed that they have acquired 8008357 shares amounting to 69.99% of the total paid up capital of Tata Infomedia Limited

ICICI Bank Ltd has informed that the Bank has allotted 1,25,444 equity shares of the face value of Rs 10/- each on December 22, 2003 under the Employees Stock Option Scheme, 2000 (ESOS).

The government has allowed ICICI Bank to keep the Rs 350 crore 20-year preference shares (subscribed to by ITC) in its books for five years.

ICICI Bank Ltd has informed that the Bank has allotted 73,980 equity shares of the face value of Rs 10/- each on December 29, 2003 under the Employees Stock Option Scheme, 2000 (ESOS).

Bahrain Monetary Agency issues licence to ICICI Bank's overseas unit. It also extended a special concession for offering NRI banking services in the island nation as well as in the international markets

ICICI Bank inks pact with Mohan Bagan to unveil co-branded credit card

ICICI-Overdrive awards for Honda City, Bajaj Pulsar

ICICI Bank ties up with Air Deccan

ICICI Bank opens new premises in Mangalore

ICICI Bank unveils mobile ATM in Kerala

ICICI Bank unveils International fixed deposit scheme at Singapore branch

ICICI Bank acquires numero uno position in new remittance shceme

ICICI Bank sets up ATM in Thiruvananthapuram

ICICI Bank launches its new home Loan Scheme With Variable EMI

ICICI Bank Ltd has informed that the shares of the Bank are delisted from The Delhi Stock Exchange Association Limited with effect from February 11, 2004.

ICICI Bank, Mohun Bagan launch co-branded credit card

The world's largest micro-finance securitisation deal of $4.3mn completed between ICICI Bank and Share Microfin Ltd., a Hyderabad based microfinancing organisation

ICICI Bank signs a memorandum of understaning with Jammu and Kashmir Bank to share the ATM network.

ICICI Bank and Andhra Bank have announced a tie-up, that enables sharing of their ATM networks.

Global Finance magazine has named ICICI Bank as one of the "Best Emerging Market Banks Asia" in an exclusive survey to be published in the May 2004 issue.

Comes out with a public offering of equity shares at a price of Rs 280 to raise Rs 3500 crore with a greenshoe option of Rs 450 crore

ICICI Emerging Sector, the private equity arm of ICICI Bank, has acquired a 54 per cent stake in the Bangalore-based Arvind Brands, the apparel arm of the Sanjay Lalbhai-promoted Arvind Mills,

ICICI Bank unveils Car Overdraft facility

ICICI Bank, SBI, LIC in pact for Rs 20,000-cr projects

ICICI Bank and Punjab National Bank have signed a memorandum of understanding (MoU) for ATM network sharing, giving customers an access to over 2,200 ATMs in India.

ICICI Bank unveils co-branded credit card ICICI Bank Ebony

ICICI Bank has won the best bank award instituted by Asia money in the category of best domestic commercial bank in India

ICICI Bank has bagged the prestigious award of 'Best Retail Bank in India' in the category 'The Asian Banker Excellence in Retail Financial Services Program 2003'

ICICI Bank-Aircel jointly unveil new co-branded credit card

Life Insurance Corporation acquires 16,370,009 shares constituting 2.23% of voting rights in the company, increases its stake to 73,382,324 shares constituting 10.09% of voting rights

Punjab and Sind Bank (PSB) and ICICI Bank on July 02 announced the launch of co-branded credit card that will be available in three variants - Gold, Silver and Blue credit card

ICICI Bank in association with Reliance Infocomm has launched an interactive mobile banking service in India

ICICI Bank unveils multi-branded card

ICICI Bank has introduced a pre-approved personal loan product for Global Trust Bank (GTB) customers

ICICI Bank bags Internet awards from Global Finance magazine

ICICI Bank Home Loans and ICICI Bank Home Search have launched `Home Utsav', a property exhibition at the Institute of Engineers

ICICI Bank Ltd on August 9, 2004, opened its representative office in Dhaka further increasing its international presence. In light of the significant bilateral trade links between the two countries, the bank greatly values the need to have an on-the-ground presence

ICICI Bank offers new service to Canada emigrants

Launches 'Hello Canada Newcomers Account' designed to provide instant access to banking services in Canada for Indians migrants on August 23

ICICI Bank introduces an easy deposit card at an interest rate of 0.99 per cent

ICICI Bank rolls out kisan credit card in AP

Launches `Easy Deposit Card', which charges an interest of 0.99 per cent per month

ICICI Bank launches new mobile phone banking service

Sets up offshore banking unit (OBU) in Bahrain

Launches a new service for pre-paid subscribers of Airtel, Hutch, Orange and IDEA in association with Euronet to recharge cards through bank's ATMs or by sending SMS.

ICICI Bank has signed a deal with SunTec Business Solutions Private Ltd

ICICI Bank unveils Visa Card in UK

ICICI Bank in ally with CESC launches new co-branded credit card

Godrej Sara Lee ties up with ICICI Bank to finance distributors across the country through the channel financing model

Hindustan Petroleum Corporation Ltd (HPCL), ICICI Bank on December 23rd launches Drivesmart

ICICI Bank overtakes Citibank in credit cards with 3 mn credit cards while Citibank says it has 2.5 mn cards

ICICI inks pact with Godrej Sara Lee for channel financing

Merc joins hands with ICICI Bank to offer loans

ICICI Bank unveils office in Johannesburg

Britain's Lloyds TSB, in association with ICICI Bank, on April 18, 2005, launches new services offering free money transfers between India and the UK, as well as access to rupee mortgage for Indian property purchases.

ICICI Bank-Air Deccan credit card unveiled

ICICI Bank acquires bank in Russia

ICICI Bank, HLN jointly launch co-branded credit card

ICICI Bank launches online Public Provident Fund (PPF) scheme on July 01, 2005

ICICI Bank forges alliance with Fortis to serve NRIs on July 22, 2005

ICICI Bank buys Apnaloan

ICICI Bank Home Loans launched a `Home Utsav' property exhibition on August 18th

Bharti Tele-Ventures on September 19 announced a tie-up with ICICI Bank and Visa to launch credit card on the mobile phone

ICICI Bank rolls out travel smart mastercard

ICICI wins Microsoft Corporate Challenge

ICICI Bank teams up with Hong Kong's Bank of East Asia to offer services to its clients with operations in greater China.

ICICI Bank inaugurates 1st branch in Hong Kong

ICICI bank ties up with Grameen Foundation USA to set up Grameen Capital India.

ICICI Bank's $500 million American depository shares (ADS) issue has been subscribed six times the issue size. The issue closes tomorrow concurrently with the Rs 5,750 crore public issue of equity shares in the domestic market. The domestic issue has received subscriptions for 1.86 times the 9.90 crore shares on offer.

ICICI Bank sets up pilot project in Guntur dist

ICICI Bank as outperformer: CLSA report

ICICI Bank sets up Russian subsidiary

ICICI Bank sets up new branch at Banjara Hills

ICICI bank teams up with Spanish MNC.

ICICI Bank sets up branch in Belgium

JBIC inks agreement with ICICI Bank

Indian inks deal with ICICI Bank

Dishman inks $60mn deal with ICICI Bank

ICICI Bank inks MoU with Mitsubishi UFJ Securities

NIIT partners with ICICI Bank on 26, September, 2006 to enter Financial Services Training.

ICICI Bank has rolled out a new product `NRI SmartSave Deposits', a fixed deposit scheme for non-resident Indians

ICICI Bank has inked a memorandum of understanding with Export Development Canada (EDC), a Canadian export credit agency, for financing support to Indian purchasers of capital goods and professional services from Canada.

ICICI Bank opens 3 represetatives offices abroad.

ICICI Bank has come out with loan-on-the-spot (LOTS) product for car loans.

ICICI Bank launches card-based remittance product in Kerala

ICICI Bank is looking at increasing its share of the growing Indian remittance market. ICICI Bank on February 8 rolled out a rupee-denominated remittance card that is primarily targeted at beneficiaries of non-resident Indians (NRIs).

Mumbai: ICICI Bank has inked a co-operation pact with Austria-based Raiffeisenlandesbank Oberösterreich (RLB) for covering several business areas and increasing co-operation in funding commercial and syndicated credit business, and cash management services.

ICICI bank sets up first branch in Madikeri.

Indian Railways and ICICI Bank inked a memorandum of understanding for extending the sale of e-tickets via merchant establishments located in 125 cities across the country.

ICICI bank mops up $500mn through five-year bond.

BMW India and ICICI Bank on February 23 signed an agreement for offering financing solutions that will benefit the prospective buyers.

Thomas Cook (I) Ltd (TCIL) has joined hands with ICICI Bank to introduce a first of its kind premium card named Thomas Cook Titanium Mastercard.

ICICI Bank, India's second largest Bank, and Export Development Canada (EDC), Canada's Export Credit Agency, on March 13, signed a USD 50 million Line of Credit (LoC) agreement.

ICICI Bank inks agreement with Emirates Bank.

CRISIL assigns highest ratings to ICICI Bank's loan receivables securitisation programme.

ICICI Bank and apparel discount chain Megamart April 10, joined hands to unveil a co-branded credit card.

ICICI Bank Ltd has informed that Reserve Bank of India, has approved the Scheme of Amalgamation of The Sangli Bank Ltd with the Bank. The Scheme of Amalgamation shall come into effect from April 19, 2007.

ICICI Bank on declared a Rs 100-crore fund to support innovation and development of green businesses in India.

SOTC has joined hands with ICICI bank to offer-holiday now pay later (HNPL) facility to travelers.

ICICI Bank offers cheaper loans for cutting down CFC.

ICICI sets up branch in Birmingham.

History and Major Events

We were incorporated in 1994 as a part of the ICICI group. Our initial equity capital was

contributed 75.0% by ICICI and 25.0% by SCICI Limited, a diversified finance and shipping finance lender of which ICICI owned 19.9% at December 1996. Pursuant to the merger of SCICI into ICICI, we became a wholly owned subsidiary of ICICI.

The chronology of events since we were incorporated in 1994 is as follows:

Change of name

Our name was changed from ICICI Banking Corporation Limited to ICICI Bank Limited on

September 10, 1999. The change of name was effected on account of our being widely known by the name "ICICI Bank".

Merger of Bank of Madura

Bank of Madura was merged with us effective March 10, 2001. The share exchange ratio fixed for the transaction was two of our equity shares of Rs. 10 each for every equity share of Bank of

Madura of Rs. 10 each.

Amalgamation of ICICI

ICICI, ICICI Capital Services and ICICI Personal Financial Services amalgamated with us with effect from May 3, 2002. The Appointed Date for the merger specified in the Scheme of Amalgamation, which was the date of the amalgamation for accounting purposes under Indian GAAP, was March 30, 2002. The amalgamation was approved by the High Court of Judicature at Bombay vide its order dated April 11, 2002 and by the High Court of Gujarat at Ahmedabad vide its order dated March 7, 2002. The share exchange ratio was one of our equity shares of Rs. 10 each for every two equity shares of ICICI of Rs. 10 each.

Amalgamation of The Sangli Bank Limited

The Board of Directors of ICICI Bank Limited and the Board of Directors of The Sangli Bank

Limited (Sangli Bank) at their respective Meetings held on December 9, 2006, approved an allstock amalgamation of Sangli Bank with ICICI Bank. The amalgamation was subsequently

approved by the Members of both banks. RBI (RBI) approved the scheme of amalgamation

effective April 19, 2007.

Source date - Prospects - 19/06/2007

ICICI Bank mops up $4.9bn in via share sale in India.

ICICI mops up Rs 1,294cr through green-shoe option.

ICICI Bank signs pact with Korea Exim Bank.

ICICI Bank has slashed the rates on special deposit schemes by 50 basis points from 9.5 per cent to 9 per cent.

ICICI Bank awarded as the Outstanding Regional Private Bank.

The Department of Commerce, PSG College of Arts and Science, Coimbatore, is all set to conduct a training programme for students in association with the ICICI Bank.

ICICI Bank, under its-Industry-Academia Partnership- programme, is in talks with three leading universities of the West Bengal to launch banking and insurance courses.

ICICI Bank Ltd has informed that the Government of India has nominated Shri. Arun Ramanathan, on the Board of the Bank effective January 18, 2008 in place of Shri. Vinod Rai who has resigned effective January 06, 2008.

ICICI Bank Ltd has informed that the Government of India has nominated Shri. Arun Ramanathan, on the Board of the Bank effective January 18, 2008 in place of Shri. Vinod Rai who has resigned effective January 06, 2008.

ICICI Bank has forayed into Rs 1,150-crore equity-cum-debt deal with Jaypee Infratech, which is to build and operate the 165-km six lane Taj Expressway linking Noida with Agra.

Standard & Poor's Ratings Services lowered ICICI Bank Ltd.'s $300 million U.S. commercial paper program's short-term issue credit rating to 'A-1' from 'A-1+', following the agency's downgrade of Fortis Bank SA/NV.

ICICI Bank appointed N S Kannan as the Executive Director and Chief Financial Officer on the board with effect from May 1 following the vacancy caused by the elevation of Chanda Kochhar as Managing Director and CEO of the bank, with effect from May 1.

ICICI Bank has announced the cut in the interest rates on floating home loans for new borrowers by 25-50 basis points, with immediate effect. The interest rates on existing home loans would reduce only if the floating reference rate is cut.

ICICI Bank with Singapore Airlines launched ICICI Bank Singapore Airlines Visa Platinum Credit Card”, the Card has exclusive privileges especially designed for the members.

ICICI Bank Limited acting through its Hong Kong Branch (ICICI Bank) signed a loan agreement with the Export-Import Bank of China (China Exim) for USD 98 million under the Two- step Buyer Credit (Export Credit) arrangement. ICICI Bank is the first Indian Bank to have entered into this arrangement with China Exim.

ICICI Bank has increased deposit rates on select maturities. The bank has raised the interest rate on deposits maturing in 270 days to less than one year by 25 basis points to 5.75 per cent for deposits of Rs 15 lakh to Rs 1 crore.

ICICI Bank increased its deposit rates in select tenures by up to 0.50% with instant effect, signaling hardening of interest rates in the industry.

ICICI Bank has announced the appointment of Mr Rajiv Sabharwal as a whole-time director of the bank. The bank said Mr Sabharwal is designated as an Executive Director effective June 24. Mr Sabharwal was heading the bank's retail banking operations.

ICICI Bank announced the appointment of Mr Rajiv Sabharwal as a whole-time director of the bank.

ICICI Bank has received the World Finance Awards 2010 in three categories. The three categories are Excellence in NRI services- Worldwide, Excellence in Remittance Business-Worldwide and Excellence in Private Banking Business-Asia-Pacific Region awards at the prestigious World Finance Awards, UK, 2010.

ICICI Bank launches website in Hindi.

ICICI Bank opens first retail branch in Singapore.

RBI approves the amalgamation of Bank of Rajasthan Ltd with ICICI Bank Ltd.

First private sector Bank to inaugurate its 2000 Branch.

ICICI Bank gets Qualified Full Banking privileges in Singapore.

ICICI Bank offers cash withdrawal at POS terminals

ICICI Bank & Vodafone Essar ink pact for financial inclusion

ICICI Bank & Aircel sign MoU for financial inclusion

ICICI Bank & Indian Army sign MoU for banking services

ICICI Bank and Intuit launch "Money Manager"

ICICI Bank launches EMV Standard Cards

ICICI Bank Limited Opens Second Retail Branch in Singapore

ICICI Bank launches the first dual Platinum Credit Card

ICICI Bank closes the first rupee Credit Default Swap transaction

ICICI Bank opens its second branch in Hong Kong

ICICI Bank rolls out 25 electronic branches and launches many next generation banking solutions

ICICI Bank was the first private sector bank in India to offer PPF account facility at all bank branches.

Among the first banks to introduce account portability and also the only bank to offer portability on two additional channels - Internet Banking and Phone Banking.

ICICI Bank launches first Electronic Toll Collection project on NH-1. A first of its kind project initiated by the Ministry of Road, Transport & Highways, National Highway Authority of India (NHAI) and - ICICI Bank.

ICICI Bank receives approval from RBI to set up an Infrastructure Debt Fund. It is the first debt fund to get government's go ahead.

ICICI Bank launches its official Facebook Page. First bank in India to offer one-of-its kind "Your Bank Account" Applications, which allows access to bank account information on Facebook.

ICICI Bank and Aircel launch 'Mobile Money'

ICICI BANK AND VODAFONE INDIA LAUNCH 'M-Pesa'

ICICI Bank Board approves merger of Bank of Rajasthan

ICICI Bank organises 'Kisan Sampark Programme' in Punjab & Haryana

ICICI Bank UK launches online HiSAVE Remittance Account

ICICI Bank launches 20 Gramin branches across Rajasthan

ICICI Bank introduces SMS-based rail ticket booking for customers

ICICI Bank launches 18 Gramin branches in Andhra Pradesh

ICICI Bank launches 42 Gramin branches in Tamilnadu

ICICI Bank launches 23 Gramin branches in Maharashtra

ICICI Bank launches 23 Gramin branches across Gujarat

ICICI Bank launches 15 Gramin branches across Madhya Pradesh

ICICI Bank launches 18 Gramin branches across Punjab & Haryana

ICICI Bank launches Branch on Wheels in Maharashtra

ICICI Bank launches ICICI Bank Carbon in partnership with Visa

ICICI Bank inaugurates 12 new branches in Jammu & Kashmir

ICICI Bank inaugurates three new branches at Imphal

ICICI Bank inaugurates a new branch in Ashok Rajpath, Patna

ICICI Bank inaugurates new branch at Havalga

ICICI Bank launches tax collection service in Odisha

ICICI Bank launches tax collection service in West Bengal

ICICI Bank launches Branch on Wheels in Chhattisgarh

ICICI Bank launches Pro & Premia Savings Accounts for NRIs

ICICI Bank and Vodafone M-Pesa launches mobile based subsidy payment for Janani Suraksha Yojna in Ranchi

ICICI Bank launches redesigned website to enhance customer experience

ICICI Bank launches iMobile application for Windows

ICICI Bank launches ‘ICICI Bank Unifare Card’ in partnership with DMRC

ICICI Bank launches 'ICICI Bank Global Banking-Hello Canada'

ICICI Bank launches 'ProCircle' on Money2India platform

ICICI Bank launches Student Travel Card

ICICI Bank launches EMI on debit cards

ICICI Bank launches two apps to enhance customer service

ICICI Bank launches 'NRI Advantage'

ICICI Bank launches ‘Smart Star’ account, a minor operated savings account

ICICI Bank launches 'Easy NRI Account'

ICICI Bank India launches 'Pockets by ICICI Bank' for Non Resident Indian (NRI) customers

ICICI Bank has splits its face value from Rs 10/- to 2/-

ICICI Bank launched a mobile phone-based product that offers a slew of new-age services

ICICI ties up with Emirates NBD for instant money transfers

ICICI Bank launched fully automated digital locker facility

ICICI Bank launches online rail ticket booking on its website

ICICI Bank Canada launches Student GIC Program

ICICI Bank launches ‘Money2World’, India’s first fully online service for outward remittances

ICICI Bank launches in-store mobile-based payments with ‘mVisa’

ICICI Bank launches contactless credit and debit cards

ICICI Bank launches 'Pockets', India's first digital bank on a mobile phone

ICICI Bank inaugurates its 4000th bank branch

ICICI Bank crosses Rs 1 lakh-cr mortgage lending milestone

ICICI Bank enters South Africa, opens branch in Johannesburg

ICICI Bank launches iWork@home for women employees

ICICI Bank launches contactless mobile pay solution

ICICI Bank Ltd has informed that registered office of ICICI Bank Limited is changed effective October 01, 2016. Old Address :- Landmark, Race Course Circle, Vadodara 390 007. New Address: ICICI Bank Tower, Near Chakli Circle, Old Padra Road, Vadodara, 390 007.

ICICI Bank launches Eazypay mobile app for merchants

ICICI Bank recognised as the ‘Best Foreign Exchange Provider in India’, by Global Finance magazine as part of their list of ‘The World’s Best Foreign Exchange Providers 2017’

ICICI Bank was declared winner in three categories at the BFSI Digital Innovation Awards 2017 organised by the Indian Express Group, on October 7, 2017. The Bank has won these awards in 'Data Centers’, 'Internet of Things (IoT)' and 'Storage' categories

ICICI Bank won an award in the ‘Mobile Advertising Excellence in Use of Video’ in the Silver category at the MOBEXX Awards 2017 for its Advantage Woman Savings Account #FundYourOwnWorth video campaign.

ICICI Bank won four awards across multiple categories among ‘Large Banks’ at the Infosys Finacle Client Innovation Awards 2017 for its 10 projects. The Bank was declared winner in the categories of - ‘Emerging technologies led innovation’, ‘API based innovation’ and ‘Channels innovation’. The Bank was also highly commended in the category of ‘Product Innovation’ for three of its projects

ICICI Bank received the award in the ‘Best POP-All Citizen Subscriber Registration’ category during the conference on National Pension System organised by Pension Fund Regulatory and Development Authority (PFRDA).

ICICI Bank won the award in the ‘Analytics & Big Data’ category at the IDRBT Banking Technology Excellence Award for 2016 - 2017. The awards are organised by the Institute for Development & Research in Banking Technology (IDRBT), an institute established by the Reserve Bank of India (RBI).

ICICI Bank won the award in the ‘Best Private Sector Bank - Rural Reach’ category at the ‘Dun & Bradstreet Banking Awards 2017.

ICICI Bank was recognised by the Ministry of Rural Development, Government of India, for the funding provided to Self Help Groups across rural India. This funding supported the growth of the National Rural Livelihood Mission programme initiated by the Government.

ICICI Bank won the award in the ‘End Users of IT’ category for Chatbot on iMobile and Software Robotics at the IMC Digital Technology Awards 2016

ICICI Bank won the Gold Award in the ‘Banks and Credit Cards’ category, as per the Readers Digest Trusted Brand Survey 2017.

ICICI Bank won the ‘Best Retail Bank in India’ award for the fourth consecutive year at the Asian Banker Excellence in Retail Financial Services International Awards 2017.

ICICI Bank was awarded the ‘Gold category’ recognition at the Energy And Environment Foundation Global Safety Award 2017. This is the highest award received by a bank in the Financial Sector – Banking/Non-Banking Finance Companies, for its constant effort towards encouraging safe work practices across operations.

ICICI Foundation won the 'Best CSR & Sustainability Practices Award for 2016' at the 4th Asia Business Responsibility Summit.

ICICI Bank won two awards at the Asset Triple A Country Awards 2016. The Bank won the Best Bond House-Domestic Award in the 'Best House' category and the Best Syndicated Loan Award in the 'Best Deal' category respectively.

Swiggy has partnered with the largest private sector lender ICICI Bank to roll out two digital solutions to facilitate transfer of funds for its delivery partners.

ICICI Bank has launched a range of co-branded credit cards with leading travel portal Makemytrip to offer tailor made solutions to travellers.

ICICI Bank launches 'Advantage Woman Aura Savings Account' for working women.

ICICI Bank won the ‘Best Retail Bank’ in India award at The Asian Banker Excellence in Retail Financial Services International Awards 2018.

ICICI Bank was recognised as the 'Best Consumer Digital Bank 2019' for India region by Global Finance; a publication headquartered in New York.

ICICI Bank crosses milestone of issuing 2 million FASTa highest in India.

ICICI Bank introduces 'FD Health', India’s first fixed deposit with critical illness insurance.

ICICI Bank launches a premium savings account; 'The ONE'.

ICICI Bank introduces 'Cardless EMI', a new digital mode of payment.

ICICI Bank launches voice banking services on Amazon Alexa, Google Assistant.

ICICI Bank won three awards at the IBA Banking Technology Awards 2020.

ICICI Bank has won six awards at ‘The Asset Triple A Digital Awards 2020’.

ICICI Bank launches co-branded credit cards with Emirates Skywards.

ICICI Bank has been adjudged the ‘Strongest Bank in India in 2021’ by The Asian Banker.

ICICI Bank has been awarded the IBS Intelligence (IBSi) Global FinTech Innovation Awards, 2021.

ICICI Bank partners with ZestMoney to expand its ‘Cardless EMI’ facility.

ICICI Bank acquires stake in Verve Financial Services for Rs 20 cr.

ICICI Bank has won awards in 'Digital Sales & Engagement' and 'IT Risk & Management' categories at the Indian Banks' Association (IBA) Banking Technology Awards 2022. These awards recognise excellence in technology and innovation in the Indian banking industry and witness active participation from banks.

ICICI Bank has won an award from The Digital Banker, a Singapore-based publication, in the 'Best Trade Finance Platform Initiative' category. The Bank was awarded for its solutions that have helped digitise several import and export trade transactions.

ICICI Bank has been recognised by the Warehousing Development and Regulatory Authority (WRDA) Department of the Government of India for providing highest pledge financing against electronic negotiable warehouse receipts(e-NWR) among private sector banks.

ICICI Bank has been declared winner in the 'Creating Excellent Practice in ESG' category at Navbharat Times BFSI Awards, a Hindi newspaper from the Times of India group. The Bank has been recognised for its contribution to the sustainability, governance and CSR practices in the industry.

ICICI Bank has been recognised as 'House of the Year-India' at the Asia Risk Awards 2022, organised by Risk.net - a London-based publication. The Bank was recognised for its market leadership in treasury solutions with an extensive international branch network and innovative digital strategies. This is the third year in a row that ICICI Bank has been recognised as a winner in this category.

ICICI Bank buys 25 lakh shares to make ICICI Lombard Gen Insurance subsidiary co

ICICI Bank has been awarded the 'Best Governed Company Award' by the Asian Centre for Corporate Governance & Sustainability for its outstanding commitment to corporate governance. The Bank has won the award for 2023 because of its 'adherence to robust standards of corporate governance as a key enabler of shareholder and stakeholder value proposition,' the organisers mentioned in the citation.

ICICI Bank emerged as the 'Best Bank' in the 'Large Banks' category at the 16th edition of the Mint BFSI Summit and Awards. The awards were organised by Mint, a leading financial daily. The Bank was recognised by a five member stellar jury at the Awards organised by Mint.