Overview
ICICI Bank Ltd. is an Indian banking and financial-services company serving individuals and businesses. Its core activities span retail and wholesale banking, including deposits, home and personal loans, credit cards and business lending, alongside treasury operations. The bank was launched in 1994 and merged with its founding development-finance institution, ICICI, in 2002.[1][2][3]
India is its principal market: the bank had 6,983 branches and extension counters there at March 31, 2025. It also operates internationally, including banking subsidiaries in the UK and Canada and branches in other financial centres. Its stated mission is to grow risk-calibrated core operating profit by meeting customer needs within defined risk tolerances. For the financial year ended March 2025, consolidated total income was approximately ₹2.95 trillion; its workforce numbered about 129,000.[4][5][6][7] [2][5][1][3][4][6][7]
Products & services
ICICI Bank offers savings and time deposits, salary and business current accounts, home loans, loans against property, personal loans, auto loans and credit cards. Its card range also includes debit, prepaid, travel and commercial cards. Other customer services include foreign exchange, remittances, and access to insurance, mutual funds, government savings bonds and demat accounts.[8][9][10][11][12]
For businesses, the bank provides working-capital and term loans, cash credit, overdrafts, trade finance, payments and collections, cash management, supply-chain finance, foreign exchange and derivatives. Trade-related facilities include bill discounting, letters of credit and guarantees. Its InstaBIZ app supports business-banking tasks including loan and instant-overdraft applications, export-import transaction management, merchant services, and bill and tax payments. Retail customers can use the iMobile app; SmartLock provides controls for mobile and internet banking, UPI and cards.[13][14][15][16][17][18]
At March 31, 2025, home loans accounted for 61.3% of retail advances, followed by personal loans at 16.9%, auto loans at 8.8% and credit cards at 8.0%. These figures describe the retail loan portfolio, not the bank’s revenue mix.[19] [8][9][10][11][12][13][14][15][16][17][18][19]
Geographic presence
ICICI Bank’s principal corporate office is in Mumbai, India. At March 31, 2025, it had 6,983 business centres (branches) and 16,285 ATMs and cash recycler machines across Indian states; 49.9% of its business centres were in rural and semi-urban areas.[20][21]
Outside India, the bank had branches in New York, the Dubai International Financial Centre, Bahrain, Hong Kong, Singapore and China, as well as banking subsidiaries in the United Kingdom and Canada. Its UK subsidiary had a branch in Germany. The bank also maintained representative offices in the UAE, US, Nepal, Bangladesh, Sri Lanka, Malaysia and Indonesia. Its overseas offices serve non-resident Indians and India-linked businesses.[5] [20][21][5]
Business segments
ICICI Bank reports four banking business segments. Retail Banking covers exposures meeting regulatory retail criteria, as well as cards and third-party product distribution; Wholesale Banking covers lending to organisations not classified as retail customers. Treasury primarily comprises investments and derivatives, while Other Banking Business includes leasing and activities not assigned to another banking segment.[22][23][24][25]
In its consolidated reporting, the bank also presents Life Insurance (ICICI Prudential Life Insurance), General Insurance (ICICI Lombard General Insurance) and Others (other group subsidiaries). The consolidated Other Banking Business segment additionally includes its UK and Canadian banking subsidiaries.[25][26][27][28] Based on the sum of segment revenue before inter-segment eliminations for the year ended March 2025, Retail Banking contributed approximately 32%, Wholesale Banking 17%, Treasury 28%, Other Banking Business 2%, Life Insurance 12%, General Insurance 5% and Others 4%. These are shares of gross segment revenue, not of consolidated revenue after eliminations.[29] [22][23][24][25][26][27][28][29][29][29][29][29][29][29][29]
Company history
ICICI Bank traces its origins to ICICI, a development finance institution established in 1955 at the initiative of the World Bank, the Government of India and representatives of Indian industry. ICICI promoted the bank, which was incorporated in 1994 as ICICI Banking Corporation Limited. The bank launched internet banking in 1998, and its American depositary receipts began trading on the New York Stock Exchange in 2000.[30][31][32][33]
In 2002, ICICI and two of its subsidiaries merged into ICICI Bank, bringing the development finance institution and the bank together. ICICI Bank subsequently absorbed Sangli Bank in 2007 and the Bank of Rajasthan in 2010. In 2018, Sandeep Bakhshi succeeded Chanda Kochhar as managing director and chief executive officer.[34][35][36][37] [30][31][32][33][34][35][36][37]
Sources
- www.icici.bank.in[1]
- ICICI BANK LTD — Full financial report (2025 Y)
- www.icici.bank.in[3]
- www.icici.bank.in[4]
- ICICI BANK LTD — Full financial report (2025 Y)
- www.icici.bank.in[6]
- www.business-standard.com[7]
- www.icici.bank.in[30]
- www.sec.gov[31]
- www.icici.bank.in[32]
- mondovisione.com[33]
- www.sec.gov[34]
- www.icici.bank.in[35]
- www.icici.bank.in[36]
- www.icici.bank.in[37]
Continue your research
From company context to financial detail.
Explore original sources and worldwide fundamental financial data and intelligence with Finbar.
Explore ICICI BANK LTD in Finbar ↗