ICICI Bank Full form | What is the full form of ICICI

What is the full form of ICICI
What is the full form of ICICI

What is the full form of ICICI 

  ICICI: Industrial Credit and Investment Corporation of India

  It was the parent company of ICICI Bank which was merged with ICICI Bank in 2002.  ICICI became ICICI Bank after the merger, hence it is now called ICICI Bank.  It is headquartered in Mumbai, Maharashtra, India and operates in 17 countries worldwide.

  As of 2014, it was the second-largest bank in India in terms of assets.  The bank provides a wide range of banking products and services to its corporate and retail customers.

Services and Products. Cici Full Form

Some of ICICI Bank's popular products and services are listed below:

Cards like Credit Card, Debit Card and Business Card

Loans like home loan, personal loan, car loan and two-wheeler loan

Investments like mutual funds, tax solutions, and PPF

Insurance like general insurance, health insurance, and life insurance

Submit schemes like Fixed Deposit (FD) and Recurring Deposit (RD)

Business banking which includes a wide range of current account products, internet banking, and mobile banking

Personal banking which offers a savings account with various benefits like debit card, credit card, and internet banking

History ICICI. Icici Full-Form Bank

In 1955, the Industrial Credit and Investment Corporation of India (ICICI) was established.

Icici Bank Full Form
In 1994, ICICI entered the banking industry and limited ICICI Bank as its banking subsidiary.

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In 1998, ICICI Bank became the first bank to launch Internet banking in India.

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In 200, it became the first Indian bank listed on the New York Stock Exchange.

The Full Form Of Icici
In 2001, ICICI acquired Bank of Madura which was established in 1943.

The Full Form Of Icici Bank
In 2002, the directors of ICICI and ICICI Bank approved the reverse merger of ICICI (parent company) into ICICI Bank (subsidiary).

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In 2003, ICICI Bank opened its branches in Canada, United Kingdom (UK) and Singapore.  It also established representative offices in Shanghai and Dubai.

What Is The Full Form Of Icici
In 2004, it opened an office in Bangladesh and the wider banking market in Bangladesh in South Africa.

In 2005, ICICI Bank acquired Investitsionno-Kreditny Bank (IKB), a Russian bank and renamed ICICI Bank Eurasia.  This year, it also established a branch in Dubai and Hong Kong.

In 2006, it established a branch in Antwerp, Belgium and representative offices in Bangkok, Jakarta and Kuala Lumpur.

In 2007, it acquired Sangli Bank, which has 158 branches in Maharashtra and 31 branches in Karnataka.

In 2008, with the permission of the US Federal Reserve, it changed its New York office to a branch of ICICI Bank.  This year, it also opened a branch in Frankfurt.

What Is Full Form Of Icici
In 2013, it became the first private sector bank in Maharashtra to start a mobile branch with an ATM.