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Latest News about Icici Bank Ltd

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calendar21 Oct
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About ICICI Bank Limited 

ICICI Bank Limited is a leading Indian banking company incorporated in 1994, with its registered office in Vadodara and corporate office in Mumbai. Its principal business is banking and financial services for individuals and businesses, delivered through retail, wholesale, treasury and other banking activities defined by RBI norms. The Bank’s main business activity—banking by central, commercial and savings banks—accounts for 100 % of turnover, as disclosed in its BRSR section. It serves customers across India and overseas through foreign branches/offshore units and banking subsidiaries in the UK and Canada. As of March 31, 2025, the network comprised 6,983 business centres, 16,285 ATMs/CRMs and 1,058 digital service kiosks, reflecting a deep nationwide presence. The Bank also offers sector-specific digital solutions for cash management, cross‑border/domestic trade and supply chain finance, alongside products such as credit and debit cards, and third‑party distribution. 2025 marks 70 years since the foundation of ICICI, underscoring the institution’s long-standing contribution to India’s financial sector. As at March 31, 2025, the Bank had 17 subsidiaries (including step-down subsidiaries) and eight associates. Key milestones in the latest year include ICICI Securities becoming a wholly‑owned subsidiary and continued scaling of digital ecosystems, partnerships and co‑branded card franchises.

 

ICICI Bank Limited’s Geographic Presence 

 

Revenue by geography (standalone, FY2025): Domestic operations contributed 97.46 % and foreign operations 2.54 %.

 

ICICI Bank Limited Key Management

  • Pradeep Kumar Sinha, Chairman

 

  • Sandeep Bakhshi, Managing Director & CEO

 

  • Rakesh Jha, Executive Director

 

  • Sandeep Batra, Executive Director

 

  • Ajay Kumar Gupta, Executive Director

 

  • Anindya Banerjee, Group Chief Financial Officer

 

  • Prachiti Lalingkar, Company Secretary

 

  • Laxminarayan Achar, Chief Accountant

 

Latest Updates on ICICI Bank Limited’s

  • ICICI Securities became a wholly‑owned subsidiary of the Bank; its shares were delisted effective March 24, 2025. The Bank allotted 56,008,117 equity shares on March 26, 2025 pursuant to the Scheme of Arrangement.

 

  • The Bank executed a share purchase agreement on March 29, 2025 and completed the sale of its entire shareholding in FISERV Merchant Solutions Private Limited, which ceased to be an associate effective April 17, 2025.

 

  • Network and customer coverage deepened using micromarket analytics; the Bank operated 6,983 business centres, supported by 16,285 ATMs/CRMs and 1,058 digital service kiosks as of March 31, 2025.

 

  • Strategic focus on digital ecosystems and partnerships, including co‑branded credit cards and expanded FASTag use cases for parking at airports, ports and malls, continued during the year.

 

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Frequently Asked Questions

ICICI Bank Limited was incorporated in 1994. The company’s registered office is in Vadodara and its corporate office is in Mumbai.

As of March 31, 2025, the Bank had 6,983 business centres, 16,285 ATMs/CRMs and 1,058 digital service kiosks. These facilities support its nationwide distribution and service delivery.

As at March 31, 2025, the Bank had 17 subsidiaries (including step‑down subsidiaries) and eight associates. ICICI Securities became a wholly‑owned subsidiary during the year.