ICICI Bank was established as a financial organization as a joint initiative of Govt. of India, World Bank and the representatives of the Indian Industry. The organization was formed aiming at development of the financial sector in the Indian industry with reference to the mid-term and long-term financing across the country. The turn-around of the organization happened in the year 1990 when the organization expanded for its betterment and started offering even more financial products and services directly and indirectly through its subsidiaries. In 1999, ICICI emerged as the first organization of Indian origin and the first Indian Bank that was enlisted in NYSE in non-Japan Asia category.
Presently, the organization bears the largest ranking amongst the private sector banks in the country. As on 31st March 2015, the total asset of the bank is around Rs. 6,461.29 billion which is 103 billion in US dollar. The NET PAT of the bank is Rs. 111.75 billion, which is around 1788 million dollars. The bank operated through 4050 branches 13,235 ATM across the country.
Being one of the favourite choices of the companies the bank offers pre-approved loans for the salary account bearers and other account bearer associated with the bank. Various financial products that the bank has been offering are:
1. Home Loans at ICICI:
ICICI home loans are as easy as touching your smart phone with the unique banking solution through tablet that is being offered at ICICI. The home loans at ICICI are offered at rate of interest 9.50% to 9.55% p.a.
2. Car Loans at ICICI:
ICICI car loans are easy to grab through 1800 channel partners which is being offered at 1700 locations in the country. The bank also has tie-up with leading manufacturers as well as dealers so that you get on-spot finance to drive your dream car home.
3. Personal loans:
The bank offers personal loans for the salaried individual offering loan amount around 20 lakhs at upto 12.99% rate of interest.
4. Gold loans:
The bank offers loan against gold to meet your immediate financial expenditures.
5. Loan Against Securities:
The bank offers loans against security deposits which can fixed deposits, shares as well as bonds.
6. Commercial Vehicle Loans:
You can now avail loans for purchase of the commercial vehicles. Loans are available for purchase of new commercial vehicles as well as purchase of used commercial vehicles.
7. Pradhan Mantri Mudra Yojana:
The bank offers collateral free loan upto Rs. 10 Lakhs under Pradhan Mantri bima Yogna for establishing micro as well as small manufacturing & servicing unit.