Automated option chain
ICICI Bank was established by the industrial Credit and Investment Corporation of India (ICICI), an Indian financial organization, as an entirely owned subsidiary in 1994 in Vadodara.
The bank was founded because the Industrial Credit and Investment Corporation of India Bank, before it changed its name to ICICI Bank. The parent company was later merged with the bank.
In the 1990s, ICICI transformed its business from a development financial organization offering only project finance to a diversified financial services group, offering a good sort of products and services, both directly and thru variety of subsidiaries and affiliates like ICICI Bank.
In 2008, following the 2008 financial crisis, customers rushed to ICICI ATMs and branches in some locations thanks to rumours of an adverse financial position of Bank.
March 2020, the board of ICICI Bank Ltd. approved an investment of Rs 1,000 crore in Yes Bank Ltd. This investment resulted in ICICI Bank Limited holding in more than a five percent shareholding in Yes Bank.