Are you looking to know about ICICI BANK full form in Banking? If yes then you came to right blog article.
In this article you get to know about ICICI Bank full form. This article is written after referring and reading more than 11 articles related to the above topic. Many people in India not know about ICICI Bank full form.
ICICI Bank full form refers to Industrial Credit and Investment Corporation of India. It offers various services to its customers. Let’s take a look at the history of ICICI Bank, its goals, and the services it provides.
HISTORY OF ICICI BANK
ICICI Bank was formed in 1955 by the World Bank. Its main goal was to create a financial institution that provides long-term financing to Indian businesses. Initially, ICICI focused on financing projects. The bank’s registered office is in Vadodara, Gujarat, and its corporate office is in Mumbai, Maharashtra.
SERVICES OFFERED BY ICICI BANK
ICICI Bank offers a wide range of services and products to meet the needs of its customers. Let’s explore some of the key services provided by the bank:
ICICI Bank Credit Cards
Get credit cards from ICICI Bank for convenient shopping and enjoy rewards and benefits.
- ICICI Bank Debit Cards
Use ICICI Bank’s debit cards for secure and hassle-free transactions.
- Home Loans
Fulfill your dream of owning a home with ICICI Bank’s home loan options, which come with competitive interest rates and flexible repayment terms.
- Personal Loans
ICICI Bank provides personal loans for various needs, such as education, weddings, or other personal expenses.
- Auto Loans
Need to buy a car? ICICI Bank offers auto loans with attractive interest rates and convenient repayment options.
- 2-Wheeler Loans
Planning to buy a motorcycle or scooter? ICICI Bank provides loans specifically designed for two-wheeler purchases.
- Investment for Tax Strategies
Explore ICICI Bank’s investment options to optimize your tax planning and achieve your financial goals.
- Mutual Funds
Invest in a range of mutual funds offered by ICICI Bank to grow your wealth and achieve your financial aspirations.
- Health Insurance
Protect yourself and your loved ones with ICICI Bank’s health insurance policies, providing comprehensive coverage and peace of mind.
General Insurance
Safeguard your assets with ICICI Bank’s general insurance plans, protecting you against unforeseen events
Life Insurance
ICICI Bank offers life insurance policies to provide financial security to your family in case of any unfortunate incidents.
Deposit Schemes
Grow your savings with ICICI Bank’s fixed deposit (FD) and recurring deposit (RD) schemes, which offer attractive returns.
Current Account and Savings Account Services
Enjoy seamless transactions and easy access to funds with ICICI Bank’s current account and savings account services.
Internet Banking and Mobile Banking
Manage your finances conveniently with ICICI Bank’s online and mobile banking platforms.
ICICI BANK AWARDS
ICICI Bank has been honored with several prestigious awards in 2023, reaffirming its position as a leading financial institution. Let’s take a look at the awards received by ICICI Bank and the areas in which it excelled.
1. Best in Treasury and Working Capital for SMEs in India
ICICI Bank was named the winner in the ‘Best in Treasury and Working Capital’ category for small and medium enterprises (SMEs) in India. This recognition comes from The Asset, a business magazine based in Hong Kong. It highlights ICICI Bank’s exceptional services for SMEs.
2. Consistent Excellence in Securities Services
Global Custodian, a London-based magazine focusing on the International Securities Services industry, conducted a survey. ICICI Bank received the ‘Consistent Excellence’ award, recognizing its outstanding performance in various areas, including asset management, asset safety, risk management, relationship management, and technology usage.
3. Top Ranking in Trade Finance Services
According to the 2023 Euromoney-Asiamoney Trade Finance Survey conducted by Asiamoney, a finance magazine based in Hong Kong, ICICI Bank secured the top position in the ‘Best Services’ category for Asian Banks. This award reflects ICICI Bank’s expertise and reliability in trade finance.
4. Best Company to Work For in the BFSI Sector
ICICI Bank was named the ‘Best Company to Work For in India’ in the banking, financial services, and insurance (BFSI) sector. This recognition comes from a survey conducted by Business Today magazine in partnership with an HR solutions company. It highlights ICICI Bank’s positive work environment and employee satisfaction.
5. BFSI In-House Team of the Year
ICICI Bank’s in-house legal team received the BFSI In-House Team of the Year award at the Asian Legal Business India Law Awards 2023. This recognition, organized by Asian Legal Business (ALB), acknowledges the bank’s legal expertise and accomplishments in the financial sector.
6. Best for Family Office Services in India
Asiamoney Private Banking Awards 2023 presented ICICI Bank with the ‘Best for Family Office Services in India’ award. This recognition from Asiamoney, a monthly magazine based in Hong Kong, highlights ICICI Bank’s dedication to assisting high net-worth individuals and families in growing their wealth.
7. Model Bank of the Year
At the Celent Model Bank Awards 2023, ICICI Bank was named the ‘Model Bank of the Year.’ Celent, an esteemed American research and advisory firm, recognized ICICI Bank for its innovative strategies and exceptional performance. This prestigious award showcases ICICI Bank’s industry leadership.
8. Best Retail Bank in India
The Asian Banker, a financial publication headquartered in Beijing, awarded ICICI Bank the title of ‘Best Retail Bank in India.’ This marks the bank’s tenth consecutive win in this category. Additionally, in a consumer survey conducted by the publication across 11 Asian markets, ICICI Bank was named the ‘Most Recommended Retail Bank in India.’
9. DigiDhan Awards for Digital Payment Transactions
ICICI Bank received two awards at the DigiDhan Awards program organized by the Ministry of Electronics and Information Technology (MeitY) in India. The bank was honored with the ‘Vishishth Puruskar’ for achieving the highest volume of digital payment transactions among private sector banks and the ‘Utkarsha Puruskar’ for achieving the second-highest percentage of digital payment transactions among large and medium private sector banks.
10. Company of the Year
The Economic Times Awards for Corporate Excellence named ICICI Bank the ‘Company of the Year’ for 2022. The awards, organized by The Economic Times, recognize excellence in India’s corporate sector. ICICI Bank was honored for its strong revenue growth, successful retail leveraging, and robust digital strategy.
11. Bank of the Year
ICICI Bank was crowned ‘Bank of the Year’ for 2021-22 at the Business Today – KPMG Best Banks Awards for the third consecutive year. This award, part of the BT-KPMG Best Banks study, is a prestigious accolade. ICICI Bank also won the ‘Best in Innovation’ category for its Business Banking application, InstaBIZ.
CONCLUSION
Dear reader in this article you get to know about ICICI Bank full form in Banking, ICICI Bank services, ICICI Bank awards. If you have any query regarding this article kindly comment below.
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