Full formBanking & Finance
ICICIstands forIndustrial Credit and Investment Corporation of India
Full Form of ICICI
What is ICICI?
ICICI, originally the Industrial Credit and Investment Corporation of India, is a leading Indian multinational banking and financial services company headquartered in Mumbai. Founded in 1955 by the World Bank, the Government of India, and representatives of Indian industry, it was initially established as a development financial institution to provide long-term project financing to Indian industries. In the 1990s, ICICI transformed into a universal bank, merging with its banking subsidiary in 2002 to become ICICI Bank Limited. Today, ICICI Bank is the second largest private sector bank in India by assets and market capitalisation, offering a wide range of products including retail banking, corporate banking, treasury, and wealth management. It operates over 5,000 branches and 14,000 ATMs across India, with a strong presence in 17 countries. ICICI is widely recognised for its technological innovation, such as early adoption of internet banking and mobile banking. In competitive exams like banking probationary officer (PO) exams, questions on ICICI’s history, founding year, and its role in India’s financial liberalisation are common. ICICI’s contributions to infrastructure financing and SME lending have been pivotal in India’s economic growth.
ICICI का फुल फॉर्म
औद्योगिक ऋण और निवेश निगम भारत
Example
I opened a savings account with ICICI because of their excellent digital banking services and widespread ATM network.
ICICI — frequently asked questions
What is the full form of ICICI?
The full form of ICICI is Industrial Credit and Investment Corporation of India.
When was ICICI Bank founded?
ICICI was originally founded in 1955 as a development financial institution, and later became a bank in 1994. The merger with its banking subsidiary was completed in 2002.
Is ICICI a government or private bank?
ICICI Bank is a private sector bank, although it was originally a public sector development institution. It is now fully privately owned and listed on stock exchanges.