The ICICI Bank is Today a household name. It offers a wide range of Banking products & financial services for its corporate & retail customers.
Originally promoted in 1994 by ICICI Ltd, an Indian financial institution & was its wholly owned subsidiary. In October 2001, the Boards 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. The merger was approved by shareholders of ICICI and ICICI Bank in January 2002.
Today The ICICI Bank is India’s largest private sector bank with total assets of Rs. 7,206.95 billion (US$ 109 billion) at March 31, 2016 and profit after tax Rs. 97.26 billion (US$ 1,468 million) for the year ended March 31, 2016. ICICI Bank currently has a network of 4,450 Branches and 14,393 ATM’s across India.
WHY ICICI BANK
In the Personal Loan Segment ICICI Bank has a huge market presence, having the 3rd largest portfolio, preceded by HDFC Bank & SBI.
The Personal Loan via the ICICI Bank is granted without any collateral or security. Customers can use the funds for any family emergency, holiday, marriage or any family function, to meet lifestyle expenses without any restrictions.
ICICI Bank offers its customers a hassle free & convenient process. The Personal loan product has been designed with the aim to serve ICICI Bank account holders & other walk in personal loan applicants efficiently. Every effort is made to make available easily, within the shortest turnaround time.