10 Facts About ICICI Bank

ICICI Bank Limited is an Indian multinational bank and financial services company headquartered in Mumbai.

ICICI Bank was established by ICICI, as a wholly owned subsidiary in 1994 in Vadodara.

In 1999, ICICI become the first Indian company and the first bank or a financial institution from non-Japan Asia to be listed on the NYSE.

ICICI Bank offers products and services such as online money transfers, tracking services, current accounts, savings accounts, time deposits, recurring deposits, mortgages, loans, automated lockers, credit cards, prepaid cards, debit cards and digital wallets called ICICI pocket.

ICICI Bank Canada is a wholly owned subsidiary of ICICI Bank, whose corporate office is located in Toronto.

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ICICI Bank Canada is a member of several esteemed trade association; as well as the Canadian Bankers Association ; a registered member with the Canada Deposit Insurance Corporation, a federal agency insuring deposits at all of Canada's chartered banks; Interac Association; Cirrus Network; and The Exchange Network.

ICICI Bank has operations in Bahrain, Germany, Europe, Hong Kong, and China in addition to the countries mentioned above.

ICICI Bank faced allegations of inappropriate behaviour in recovering its loans.

ICICI Bank was one of the leading Indian banks accused of blatant money laundering through violation of RBI guidelines in the famous CobraPost sting operation which shook up Indian banking industry during April–May 2013.

On 14 March 2013 the online magazine Cobrapost released video footage from Operation Red Spider showing high-ranking officials and some employees of ICICI Bank agreeing to convert black money into white, an act in violation of Prevention of Money Laundering Act, 2002.