What is the ICICI Full form?

ICICI Full form

The complete form of ICICI is the Industrial Credit and Investment Corporation of India. In 1955 ICICI was established. ICICI joined the financial sector in 1994 by establishing {ICICI Bank as its financial branch. In 1998, ICICI Bank became the first bank in India to begin internet banking.

It was the first Indian bank to be mentioned on the New York Stock exchange in 2000. It was the first private-sector bank to open a mobile branch in Maharashtra with an ATM in 2013. The headquarter of ICICI bank is in Mumbai, Maharashtra, India and operates in 17 nations across the globe. In October 2001, the Board of Directors of ICICI and ICICI Bank approved the merger of ICICI and two of its wholly-owned retail finance subsidiaries, ICICI Personal Financial Services Limited and ICICI Capital Services Limited, with ICICI Bank.

Until the late 1980s, ICICI primarily focused its activities on project finance, providing long-term funds to various industrial projects. With the liberalisation of the financial sector in India in the 1990s, ICICI transformed its business from a development financial institution offering only project finance to a diversified financial services provider that, along with its subsidiaries and other group companies, offered a wide variety of products and services. Mr Sandeeep Bakshi is the current CEO and managing director.