ICICI Bank is a multinational banking and financial services company based in Mumbai, Maharashtra, India, based in Vadodara. In 2014, it was the second largest bank in India in terms of assets and third in terms of market capitalization. It offers a wide range of banking products and financial services to corporate and retail clients through a variety of distribution channels and specialized subsidiaries in the areas of investment banking, life insurance, non-life, venture capital and asset management. The bank has a network of 4,450 branches and 14,404 ATMs in India, and has a presence in 19 countries including India.
The bank has subsidiaries in the United Kingdom and Canada; Branches in the United States, Singapore, Bahrain, Hong Kong, Sri Lanka, Qatar, Oman, Dubai International Finance Center, China and South Africa; And representative offices in the United Arab Emirates, Bangladesh, Malaysia and Indonesia. The British subsidiary of the company has also established branches in Belgium and Germany.
The Indian Credit and Industrial Investment Corporation (ICICI), an Indian financial institution, as a wholly-owned subsidiary in 1994. The parent company was formed in 1955 as a joint venture of the World Bank, Insurance Companies Sector to provide financing From projects to Indian industry. The bank was founded as India Bank's Investment and Industrial Credit Corporation, before changing its name to the abbreviated ICICI Bank. The parent company was subsequently merged with the bank.