ICICI Abbreviation

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Popular abbreviations of ICICI:

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What does ICICI mean?

Industrial Corporation and Investment Corporation of India is one of India’s leading and multinational banks started in January 1955, having the corporate office in Mumbai, Maharashtra.

The ICICI offers an array of services. Insurance covers a wide range of services like health insurance, car insurance, travel insurance, retirement planning, and many more. It also offers a group of loan services, including Insta loans, personal loans, home loans, car loans, and many more.

It also provides financial services in investment banking, asset management, and venture capital. Currently, 13,766 ATMs branches are operational in India. It has a network of 4,450 branches.

The multinational bank has its branches in Singapore, Hong Kong, United States, Sri Lanka, United Kingdom, China, Dubai International Finance Centre, Belgium, and Germany.

Achievements by the ICICI

• The ICICI got the first promotion in 1994 by ICICI Limited, a renowned financial institution.
• In 2010, the bank got the approval to merge with the Bank of Rajasthan Ltd, which led to the expansion and started 2400 more branches across India.
• The bank also acquired the Bank of Madhura in 2001.
• The Board of ICICI bank and Sangi bank approved the merger of both the banks in 1996.
• In 2001, the bank was listed on the New York Stock Exchange.
• In 2000, the bank assisted in setting up the Credit Information Bureau of India Limited.
• In 2003, the bank also established the National Commodities and Derivatives Exchange.
• The bank undertook the initiative to set the Entrepreneurship Development Institute of India to help entrepreneurship development and research.