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ICICI Bank, India’s second-largest private sector bank, offers a wide range of financial products and services to various customer segments, including retail, SME, and corporate clients. The bank has a vast network, with 6,371 branches and 17,037 ATMs across India. Notably, 30% of these branches are situated in metropolitan cities.
Loan Book Distribution (9MFY24)
- Retail Advances: 54.3%
- Corporate & Others: 21.7%
- Rural Loans: 8.3%
- Business Banking: 7.4%
- SME Loans: 4.9%
- Overseas Book: 3.4%
Retail Book Breakdown (9MFY24)
- Mortgage Loans: 59.8%
- Personal Loans: 17.3%
- Vehicle Loans: 14.1%
- Credit Cards: 7.5%
- Others: 1.3%
Credit Card Business
- Total Credit Cards Issued: 1.65 crore (16.5 million)
- Co-branded Credit Cards with Amazon: 47 lakh (4.7 million)
- Digital Processing: 80% of credit cards sanctioned were digitally processed with physical assistance.
International Business
- Branches:
- US: New York
- Singapore
- Bahrain
- Hong Kong
- Dubai International Finance Centre
- South Africa
- China
- Offshore Banking Unit (OBU)
- International Financial Services Centre (IFSC)
- Representative Offices:
- US: Texas and California
- UAE
- Bangladesh
- Malaysia
- Nepal
- Indonesia
- Wholly-owned Banking Subsidiaries:
- UK: ICICI Bank UK, which also has an offshore branch in Germany
- Canada
ICICI Bank’s extensive network, both domestically and internationally, along with its significant advancements in digital processing, positions it as a key player in the global banking industry.
Acquisitions by ICICI Bank
- I-Process Services (India) Pvt Ltd
- Date: March 2024
- Details: ICICI Bank acquired all shares of I-Process Services (India) Pvt Ltd, making it a wholly owned subsidiary (WoS) of the bank.
- 7% Equity Investment
- Date: February 2024
- Details: ICICI Bank entered into an agreement to invest ₹35 crore for a 7% stake in the equity shares of a company to be incorporated. This investment involves 10 other shareholders.
These acquisitions reflect ICICI Bank’s strategic moves to expand its portfolio and enhance its capabilities in service delivery and new business ventures.
Shareholding Pattern of ICICI Bank (March2024)
- Foreign Institutional Investors (FIIs): 44.77%
- Domestic Institutional Investors (DIIs): 45.10%
- Public: 9.84%
- Government: 0.28%
Disclaimer-
It’s important to note that discussions like are for informational purposes only and should not be taken as specific We are not SEBI registered investment advisor. Whether analyzing a company’s financial health, examining market trends, or discussing technical chart patterns, the goal is to provide insights and perspectives that can help you make more informed decisions according to your own research and investment strategy. Always consider consulting with a financial advisor or conducting thorough personal research before making any investment decisions.
