ICICI Bank is a subsidiary of the Industrial Credit and Investment Corporation of India Limited (ICICI Ltd), a development financial institution established in 1955 by the World Bank, the Government of India, and representatives of Indian industry. ICICI Bank was promoted in 1994 as the banking division of ICICI Ltd and is now the second largest bank in India. In March 2007 the bank reported total assets of USD 79bn and currently has 950 branches in India as well as a presence in 18 different countries. The company operates in corporate finance, commercial banking, investment banking and asset management among other areas, in addition to microfinance. Continue reading “MICROCAPITAL STORY: Who’s Who in Microcapital: ICICI Bank, India”
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