ICICI Bank

ICICI Bank is India's second-largest bank in terms of total assets and the largest bank in terms of market capitalisation. It's assets are at Rs. 344, 658 crore (US$ 79 billion) as on March 31, 2007 and its market capitalization was Rs 95,125 crore on July 2, 2007. ICICI Bank's deposit base is Rs 230,510 (Rs 2.3 lakh crore or $ 53 billion) and advances is Rs 195,866 crore (Rs 1.95 lakh crore or $ 45.16 billion). ICICI Bank has a network of about 950 branches and 3,300 ATMs in India and presence in 17 countries.

One of the youngest and most aggressive banks in India today, ICICI Bank started operations in 1994. However, its lineage goes back to 1955, when its parent ICICI Ltd was formed at the initiative of the World Bank, the Government of India and representatives of Indian industry as a developmental financial institution.

ICICI Bank's merger with parent ICICI Ltd in 2002 gave it size that other new generation banks lack. Its listing on Indian stock exchanges in 1998 helped it to grow fast. ICICI Bank's equity was listed on New York Stock Exchange in the form of American Depository Receipts (ADR) in 2000, it acquired Bank of Madura in 2001 through an all stock swap and it raised more money through sale of further equity in 2001, 2002 and 2007.

ICICI Bank's biggest achievement was in using information technology to offer high tech banking to the masses. It pioneered mass adoption of ATMs, opened easy access to personal banking products like home loan, personal loan, car loans, education loan, loan against securities and credit cards to middle and lower middle class segments of the population.

List of products offered by ICICI Bank

ICICI Bank Home Loan
ICICI Bank Personal Loan
ICICI Bank Car Loan
ICICI Bank Credit Card