ICICI Bank Ltd
NSE: ICICIBANK BSE: 532174
₹1334.20
(-1.54)%
Sun, 01 Feb 2026, 06:04 pm
Market Cap9691.96B
PE Ratio18.21
Dividend0.81
Finance
Regional Banks
24.5Kicici bank ltd History
1994
- Incorporated on January 5 at Baroda as ICICI Banking Corporation Limited.
- Promoted by ICICI and SCICI Ltd.
- Received Certificate of Commencement of Business on February 24.
- Established 24 branches in 15 centres across 12 states with computerised environment.
1996
- Branded deposit products: Maxicash, Money Plus, Quantum, Power Pay, Treasure Chest, Trice.
- Deposited Rs 88.16 crores with SIDBI and NABARD per RBI directive.
- 'B' category branches authorised for full foreign exchange, others 'C' category.
- Seven branches linked to SWIFT network.
- 700 equity shares subscribed by signatories, 150 million allotted to ICICI.
1997
- Introduced electronic funds transfer.
- Opened 11 branches and 2 extension counters.
- Offered 150 million equity shares to ICICI.
- Merger of SCICI with ICICI made bank wholly-owned subsidiary.
- Offered 41.25 million shares for sale.
1998
- Introduced Internet banking, first in India.
- Plans call centres and inter-account fund transfers.
1999
- Name changed from ICICI Banking Corporation Limited to ICICI Bank Limited on September 10.
- Signed agreement for NCR switchmark ATM networking.
- Restructured into strategic business units: retail, corporate, forex/treasury.
- Introduced Internet banking in India.
2000
- Listed on New York Stock Exchange with $175 million ADS issue.
- Launched mobile banking with WAP technology.
- Launched Kid-e-bank facility.
- Announced merger swap ratio with Bank of Madura at 1:2.
- Launched debit card 'ICICIN-cash'.
- First to place dematerialised debt securities.
- Proposes 35-40 new offices.
2001
- Merged with Bank of Madura effective March 10.
- Became first domestic FI with Moody's financial strength rating.
- Entered wire-transfer 'Money2India' with UAE exchange house.
- Launched interactive kiosk 'Sparsh'.
- Launched 100th ATM in Mumbai.
- Launched mobile banking with Spice Communications.
- Visa and ICICI Bank announced e-commerce pilot.
- Network of 357 branches, 546 ATMs.
- Plans to raise Rs 350 crore Tier-II capital.
2002
- Amalgamated with ICICI, ICICI Capital Services, ICICI Personal Financial Services effective May 3.
- RBI approved merger on April 26.
- Acquired Shimla and Darjeeling branches from Standard Chartered Grindlays.
- Board approved merger of ICICI with ICICI Bank.
- High Court approved ICICI-ICICI Bank merger.
- RBI approved ICICI Bank-ICICI merger.
- Launched eCheques for internet banking.
- Moody's upgraded rating above India's sovereign rating.
- Entered agreement with Bharti Cellular for ATM recharges.
- Launched Mutual Fund Sweep Account.
- K V Kamat appointed MD and CEO, Lalita Gupte Joint MD.
- Merged entity debuted on BSE and NSE.
- Allotted equity shares to erstwhile ICICI shareholders.
- ICICIdirect launched online derivatives trading.
- Introduced first home loan securitisation of Rs 58 crore.
- Set up Private Banking Division.
- Won Best Internet Bank award by Global Finance.
- Introduced Roaming Current Account.
- Launched call centre in Hyderabad.
2003
- Launched micro-finance programmes.
- Set up NRI advisory service.
- Singapore govt offloaded 2-cr shares.
- Launched 'Give2India' for NRI donations.
- Issued Rs 400 crore bond.
- Installed Telugu ATMs in Hyderabad.
- Launched Pure Gold coins.
- Led combine approved for NMCE.
- Set up integrated currency management center in Pune.
- Acquired Credit Card Division of Tata Finance.
- Set up Rs 800-cr India Advantage Fund.
- Picked up 25% in NCDEX.
- Acquired 17.75% stake in NDTV, 12.65% in HFCL.
- Inaugurated Singapore branch.
- Launched Insta Transfer for NRIs in Gulf.
- Introduced foreign currency term deposit at OBU Mumbai.
- Tied up with SBI and HDFC for ATM sharing.
- Set up representative office in Dubai.
- Allotted equity shares under ESOS.
2004
- Credit cards crossed two million mark.
- $300 million Eurobond awarded best bond issue.
- Acquired 69.99% of Tata Infomedia.
- Allotted equity shares under ESOS.
- Government allowed retention of Rs 350 crore preference shares.
- Bahrain Monetary Agency issued licence for overseas unit.
- Inked pact with Mohun Bagan for co-branded card.
- Tied up with Air Deccan.
- Opened new premises in Mangalore, ATM in Thiruvananthapuram.
- Launched mobile ATM in Kerala, international fixed deposit in Singapore.
- Completed $4.3mn micro-finance securitisation.
- Signed MoUs for ATM sharing with Jammu & Kashmir Bank, Andhra Bank, Punjab National Bank.
- Public offering of equity shares for Rs 3500 crore.
- ICICI Emerging Sector acquired 54% in Arvind Brands.
- Launched Car Overdraft, co-branded Ebony card, multi-branded card.
- Launched interactive mobile banking with Reliance Infocomm.
- Opened representative office in Dhaka.
- Launched Hello Canada Newcomers Account, Easy Deposit Card, kisan credit card.
- Set up OBU in Bahrain.
- Launched Visa Card in UK, co-branded cards with CESC, Aircel, Punjab and Sind Bank.
2005
- Overtakes Citibank in credit cards with 3 million cards.
- Inked pact with Godrej Sara Lee for channel financing.
- Mercedes tied up for loans.
- Opened office in Johannesburg.
- Lloyds TSB launched free transfers India-UK.
- Launched ICICI Bank-Air Deccan credit card.
- Acquired bank in Russia.
- Launched online PPF scheme.
- Alliance with Fortis for NRIs.
- Acquired Apnaloan.
- Bharti Tele-Ventures launched mobile credit card.
- Launched Travel Smart Mastercard.
- Inaugurated first branch in Hong Kong.
- Tied up with Grameen Foundation for Grameen Capital India.
- $500 million ADS issue subscribed six times.
2006
- Set up Russian subsidiary.
- Opened branch at Banjara Hills.
- Teamed up with Spanish MNC.
- Set up branch in Belgium.
- Inked agreements with JBIC, Indian, Dishman ($60mn), Mitsubishi UFJ Securities.
- Partnered with NIIT for financial services training.
- Launched NRI SmartSave Deposits.
- MoU with Export Development Canada for financing.
- Opened 3 representative offices abroad.
2007
- Amalgamated with Sangli Bank effective April 19.
- Launched loan-on-the-spot (LOTS) for car loans.
- Launched card-based remittance product in Kerala.
- Rolled out rupee-denominated remittance card for NRIs.
- Inked cooperation pact with Raiffeisenlandesbank.
- Opened first branch in Madikeri.
- MoU with Indian Railways for e-tickets via merchants.
- Mopped up $500mn through five-year bond.
- Agreement with BMW India for financing.
- Launched Thomas Cook Titanium Mastercard.
- USD 50 million LoC with Export Development Canada.
- Signed agreement with Emirates Bank.
- Launched co-branded credit card with Megamart.
- Declared Rs 100-crore fund for green businesses.
2008
- Nominated Arun Ramanathan to Board.
- Entered equity-cum-debt deal with Jaypee Infratech for Taj Expressway.
2009
- Appointed N S Kannan as Executive Director and CFO.
- Cut interest rates on floating home loans for new borrowers.
- Launched ICICI Bank Singapore Airlines Visa Platinum Credit Card.
- Signed USD 98 million loan with China Exim Bank.
2010
- RBI approved amalgamation of Bank of Rajasthan Ltd.
- Inaugurated 2000th branch, first private sector bank.
- Received qualified full banking privileges in Singapore.
- Opened first retail branch in Singapore.
- Launched Hindi website.
- Appointed Rajiv Sabharwal as Executive Director.
- Increased deposit rates on select maturities.
- Won World Finance Awards in NRI services, remittance, private banking.
2011
- Offered cash withdrawal at POS terminals.
- Signed MoUs with Vodafone Essar, Aircel for financial inclusion, Indian Army for banking services.
- Launched Money Manager with Intuit, EMV Standard Cards, first dual Platinum Credit Card.
- Closed first rupee Credit Default Swap transaction.
- Opened second retail branch in Singapore.
2012
- Opened second branch in Hong Kong.
- Rolled out 25 electronic branches and next generation banking solutions.
- Launched first Electronic Toll Collection project on NH-1.
- Received RBI approval for Infrastructure Debt Fund.
- Launched official Facebook Page with account access app.
2013
- Launched multiple Gramin branches across Rajasthan, Andhra Pradesh, Tamil Nadu, Maharashtra, Gujarat, Madhya Pradesh, Punjab & Haryana.
- Launched Branch on Wheels in Maharashtra.
- Launched ICICI Bank Carbon credit card with Visa.
- Inaugurated branches in Jammu & Kashmir, Imphal, Patna.
2014
- Split face value from Rs 10 to Rs 2.
- Launched multiple NRI products including Pro & Premia Savings Accounts, ProCircle, Student Travel Card, NRI Advantage, Easy NRI Account, Pockets for NRIs.
- Launched EMI on debit cards, Smart Star minor savings account, Unifare Card with DMRC.
- Launched iMobile app for Windows, redesigned website.
- Launched Branch on Wheels in Chhattisgarh, tax collection services in Odisha and West Bengal.
2015
- Launched 'Pockets', India's first digital bank on mobile phone.
- Inaugurated 4000th bank branch.
- Launched 'Money2World', first fully online outward remittances service.
- Launched contactless credit and debit cards.
- Launched in-store mVisa payments.
2016
- Crossed Rs 1 lakh crore mortgage lending milestone.
- Opened branch in Johannesburg, entering South Africa.
- Launched iWork@home for women employees.
- Launched contactless mobile pay solution.
- Changed registered office to ICICI Bank Tower, Vadodara.
- Launched Eazypay mobile app for merchants.
2017
- Recognised as 'Best Foreign Exchange Provider in India' by Global Finance.
- Won multiple awards including BFSI Digital Innovation Awards, MOBEXX Awards, Infosys Finacle Client Innovation Awards, IDRBT, Dun & Bradstreet, Asian Banker, and others.
- Recognised by Ministry of Rural Development for funding Self Help Groups.
2018
- Partnered with Swiggy for digital fund transfer solutions for delivery partners.
- Launched co-branded credit cards with MakeMyTrip.
- Launched 'Advantage Woman Aura Savings Account' for working women.
- Won 'Best Retail Bank' in India at Asian Banker Excellence in Retail Financial Services Awards.
2019
- Recognised as 'Best Consumer Digital Bank 2019' for India by Global Finance.
- Crossed 2 million FASTags issuance milestone.
- Introduced 'FD Health', first fixed deposit with critical illness insurance.
- Launched premium savings account 'The ONE'.
2020
- Introduced Cardless EMI payment mode.
- Launched voice banking on Amazon Alexa and Google Assistant.
- Won three awards at IBA Banking Technology Awards.
- Won six awards at The Asset Triple A Digital Awards.
2021
- Launched co-branded credit cards with Emirates Skywards.
- Adjudged 'Strongest Bank in India' by The Asian Banker.
- Awarded IBSi Global FinTech Innovation Awards.
- Partnered with ZestMoney to expand Cardless EMI facility.
2022
- Acquired stake in Verve Financial Services for Rs 20 crore.
- Won awards in 'Digital Sales & Engagement' and 'IT Risk & Management' at IBA Banking Technology Awards.
- Awarded 'Best Trade Finance Platform Initiative' by The Digital Banker.
- Recognized for highest pledge financing against e-NWR among private sector banks by WRDA.
- Winner in 'Creating Excellent Practice in ESG' at Navbharat Times BFSI Awards.
- Recognized as 'House of the Year-India' at Asia Risk Awards.
2024
- Acquired 25 lakh shares in ICICI Lombard General Insurance to make it a subsidiary.
- Awarded 'Best Governed Company Award' by Asian Centre for Corporate Governance & Sustainability.
- Emerged as 'Best Bank' in 'Large Banks' category at Mint BFSI Summit and Awards.
Open Your Free Demat Account Now!
Facebook
Twitter
Instagram
LinkedIn
Youtube
Calculators
Popular Calculators
Group Stocks
Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800