ICICI Bank or formerly known as Industrial Credit and Investment Corporation of India is one of the top banking and financial services company in India.
Introduction to ICICI Bank
It is the biggest private sector bank by market capitalization and the second largest bank in India. It was established in 1955 and its present headquarter is located in Mumbai, Maharashtra, India.
Currently, its Chairman is K.V. Kamath, Chanda Kochhar as Managing Director and CEO and N.S. Kannan as Chief Financial Officer.
It has products that includes investment banking, commercial banking, retail banking, private banking, asset management, mortgages and credit cards.
It is also belongs to the Big Four Banks of India, along with its main competitors Canara Bank, State Bank of India and Punjab National Bank. The bank also has a network of 2,016 branches and about 5,219 ATMs in India and it is found 18 countries.
It has 24 million customers at the end of July 2007. It is also the largest issuer of credit cards in India. The Bank’s hares are listed on the stock exchanges at Bombay Stock E, New York Stock Exchange, Kolkata and Vadodara (formerly Baroda). Its American Depository Receipts trade on the New York Stock Exchange (NYSE).
Among the Indian banks, ICICI Bank has the largest international balance sheet and is expanding in overseas market. Now it is present in 19 countries, including an offshore unit in Mumbai.
It has branches in Canada, Russia and the UK; representative offices in Indonesia, Bangladesh, Malaysia, China, Thailand, USA, South Africa, and the United Arab Emirates; and offshore banking units in Bahrain and Singapore, an advisory branch in Dubai; and branches in Belgium, Hong Kong and Sri Lanka. The bank is also targeting the NRI (Non-Resident Indian) population in specific.
Requirements for Opening an Account
It is not hard to open a new bank account when you have the complete requirements. If you are planning to apply for a savings account at ICICI Bank, you can see the complete requirements here: Requirements for Opening a Bank Account in India
Simply go to the branch of your choice and present your requirements when applying for a new account. After completing the application forms, submit to the bank employee the initial deposit and the photocopies of the documents together with the originals.
ICICI Bank is one of India’s best private banks in India. If you are interested in applying for a savings account, you should prepare and ready the above requirements mentioned above.
