ICICI Full Form is Credit and Investment Corporation of India
What is the full form of ICICI
ICICI: Credit and Investment Corporation of India
It was the parent company of ICICI Bank which was intermingled into ICICI Bank in 2002. After the junction, ICICI came ICICI Bank so it’s now called ICICI Bank. It’s headquartered in Mumbai, Maharashtra, India and is operating in 17 countries around the world.
As of 2014, it was the second largest bank in India in terms of means. The bank offers a wide range of banking products and services to its commercial and retail guests.
Product and Services
Some of the popular products and services of ICICI bank are listed below
Cards Similar as credit card, disbenefit card and business card
Loans similar as home loan, particular loan, auto loan and two-wheeler loan
Investments similar as collective fund, duty results and PPF
Insurance similar as general insurance, health insurance and life insurance
Deposit schemes similar as fixed deposit (FD) and recreating deposit (RD) schemes
Business banking which includes wide range of current account products, internet banking and mobile banking
Particular banking which offers saving account with colorful benefits like disbenefit card, credit card and internet banking
ICICI Full Form
Detail History
In 1955, Industrial Credit and Investment Corporation of India (ICICI) was innovated.
In 1994, ICICI entered the banking assiduity by establishing ICICI bank limited as its banking attachment.
In 1998, ICICI bank came the first bank to launch internet banking in India.
In 200, it came the first Indian bank listed on the New York Stock exchange.
In 2001, ICICI acquired Bank of Madura which was established on 1943.
In 2002, Directors of ICICI and ICICI Bank approved the rear junction of ICICI (parent company) into ICICI Bank ( attachment).
In 2003, ICICI Bank opened its branches the Canada, the United Kingdom (UK) and in Singapore. It also established representative services in Shanghai and Dubai.
In 2004, it opened an office in Bangladesh to the expansive banking request in Bangladesh and South Africa.
In 2005, ICICI Bank acquired Investitsionno-Kreditny Bank (IKB), a Russian Bank and renamed it ICICI Bank Eurasia. In this time, it also established a branch in Dubai and Hong Kong.
In 2006, it established a branch in Antwerp, Belgium and representative services in Bangkok, Jakarta and Kuala Lumpur.
In 2007, it acquired the Sangli Bank which has 158 branches in Maharashtra and 31 fanned in Karnataka.
In 2008, with the authorization of US Federal Reserve, it converted its New York office into a branch of ICICI bank. In this time, it also opened a branch in Frankfurt.
In 2013, it came the first private sector bank to launch mobile branch with ATM in Maharashtra.
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