- Business
- ICICI Bank Limited (ICICIBANK.NS) operates as India's second-largest private sector bank by assets, providing a comprehensive range of banking and financial services to retail, corporate, SME, and NRI customers through an extensive network of over 7,200 branches, 10,600 ATMs, and advanced digital platforms across India and select international markets. The bank offers savings and current accounts; fixed, recurring, and flexi deposits; personal, home, auto, gold, education, and business loans; credit and debit cards; trade finance, forex, cash management, and treasury services; NRI remittances via Money2India and Money2World; insurance products through subsidiaries including ICICI Prudential Life Insurance and ICICI Lombard General Insurance; wealth management, mutual funds via ICICI Prudential AMC, and investment services; as well as specialized agri, rural, and locker services, supported by digital tools such as iMobile Pay, InstaBIZ, Pockets wallet, Retail and Corporate Internet Banking, Digital Rupee App, and ICICI Stack. Founded in 1994 as a wholly-owned subsidiary of ICICI Limited (originally established in 1955) following a reverse merger in 2002, ICICI Bank maintains its corporate headquarters in Mumbai with a registered office in Vadodara, Gujarat, and extends operations via subsidiaries in the UK and Canada, branches in the US, Singapore, Bahrain, Hong Kong, Qatar, Oman, DIFC Dubai, China, and South Africa, and representative offices in the UAE, Bangladesh, Malaysia, and Indonesia. In late 2025, the bank secures Reserve Bank of India approval to acquire 100% of ICICI Prudential Pension Funds Management Company from ICICI Prudential Life Insurance, positioning it to expand in the pension fund management sector pending further regulatory nods; it also raises funds through issuance of unsecured subordinated debt securities, underscoring ongoing capital strengthening amid robust FY2024 performance with profits up 28% year-over-year, total assets exceeding INR 23 trillion, and accelerated digital transformation driving customer acquisition and transaction growth.