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  • Industrial Credit & Investment Corporation of India (Icici)

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    Elizabeth Cook
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    ICICI was founded in 1955 to provide medium and long term project financing, leasing, and other financial services. It played a pivotal role in setting up organizations like CRISIL. Over time, it diversified and merged with its subsidiaries to form ICICI Bank in 2002. ICICI Bank is now the largest private sector bank in India, offering retail and corporate financial services through 540 branches and 1000 ATMs, with an organizational structure divided into different business units.

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    ICICI

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    ICICI was founded in 1955 to provide medium and long term project financing, leasing, and other financial services. It played a pivotal role in setting up organizations like CRISIL. Over time, it diversified and merged with its subsidiaries to form ICICI Bank in 2002. ICICI Bank is now the largest private sector bank in India, offering retail and corporate financial services through 540 branches and 1000 ATMs, with an organizational structure divided into different business units.

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    3 views5 pages

    Industrial Credit & Investment Corporation of India (Icici)

    Uploaded by

    Elizabeth Cook
    ICICI was founded in 1955 to provide medium and long term project financing, leasing, and other financial services. It played a pivotal role in setting up organizations like CRISIL. Over time, it diversified and merged with its subsidiaries to form ICICI Bank in 2002. ICICI Bank is now the largest private sector bank in India, offering retail and corporate financial services through 540 branches and 1000 ATMs, with an organizational structure divided into different business units.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
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    of 5

    INDUSTRIAL CREDIT & INVESTMENT CORPORATION OF INDIA (ICICI)

    FEATURES
    Founded on January 5,1955. Provide medium and long term project financing/ leasing & other financial and advisory services. Earliest to start merchant banking services Crucial role in setting of CRISIL, OTCEI & venture capital funds.

    Contd.
    Resources in form of share capital ,initial interest free loan by GOI, advances from World bank, rupee loan by IDBI ,Borrowings from RBI , reserves etc Diversified into ICICI Banking Corp. Ltd. ICICI Securities and finance company ltd. ICICI Asset management company Ltd. ICICI Trust Ltd.

    Recent Developments
    In may,2002 merger of ICICI, ICICI PFS,ICICI Capital funds was effected , known as ICICI bank now. Merger has resulted in integration of retail finance operations of ICICI and its subsidiaries and ICICI bank into one equity Organization structure divided into retail banking, wholesale banking ,project finance& special assets management ,international business ,corporate centre

    SERVICES OF ICICI
    Largest bank in private sector in India with 540 branches and 1000 ATM machines. Offers diversified financial services at retail and corporate level First Indian company to be listed on New York Stock Exchange in 1999. Success based on technology, low cost branches and strong management

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