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ICICI Bank is a banking and financial services company. As of 2014, it is the second largest bank in India in terms of assets and third in term of market capitalisation. It offers a wide range of banking products and financial services for corporate and customers through a variety of delivery channels and specialised subsidiaries in the areas of investment banking, life, non-life insurance, venture and asset management. The Bank has a network of 4,050 branches and 13,030 ATMs in India, and has a presence in 17 countries including India.
It has been providing
- Full merchant banking services, venture capital financing and allied financial services.
- Assistance to the private and joint sector enterprises with rupee and foreign currency loans and advances, underwriting, guaranteeing of loans from other agencies, equity participation and other forms of assistance particularly to the new enterprises.
- Services to the development of backward areas through industrial growth, promotion of investment priorities of the Government and for the growth of private corporate sector.
Venture capital funds for the promotion of green field companies ad risk capital investment and joined other financial institutions in setting up SHCI,CRISIL and OTC Exchange of India Ltd.
Sources of Funds
It’s paid up capital, borrowing from Government, IDBI, RBI etc. and raises funds from the capital market by issuing bonds or equity and borrow from abroad with the permission of the Government. It has set up its own bank and a mutual fund like UTI.
