Milestones

2012
ICICI Bank was the first private sector bank in India to offer PPF account facility at all bank branches.

Among the first banks to introduce account portability and also the only bank to offer portability on two additional channels - Internet Banking and Phone Banking.

ICICI Bank launches first Electronic Toll Collection project on NH-1. A first of its kind project initiated by the Ministry of Road, Transport & Highways, National Highway Authority of India (NHAI) and ICICI Bank.

ICICI Bank receives approval from RBI to set up an Infrastructure Debt Fund. It is the first debt fund to get government's go ahead.

ICICI Bank launches its official Facebook Page. First bank in India to offer one-of-its kind "Your Bank Account" App, which allows access to bank account information on Facebook.

2011
ICICI Bank offers cash withdrawal at POS terminals

ICICI Bank & Vodafone Essar ink pact for financial inclusion

ICICI Bank & Aircel sign MoU for financial inclusion

ICICI Bank & Indian Army sign MoU for banking services

ICICI Bank and Intuit launch "Money Manager"

ICICI Bank launches EMV Standard Cards

ICICI Bank Limited Opens Second Retail Branch in Singapore

ICICI Bank launches the first dual Platinum Credit Card

ICICI Bank closes the first rupee Credit Default Swap transaction

2010
ICICI Bank launches website in Hindi.

ICICI Bank opens first retail branch in Singapore.

RBI approves the amalgamation of Bank of Rajasthan Ltd with ICICI Bank Ltd.

First private sector Bank to inaugurate its 2000 Branch.

ICICI Bank gets Qualified Full Banking privileges in Singapore.

2009
Ms.Chanda D Kochhar appointed the Managing Director and CEO of ICICI Bank Ltd.

2008
ICICI Bank enters US, launches its first branch in New York.

ICICI Bank enters Germany, opens its first branch in Frankfurt.

ICICI Bank launched iMobile, a breakthrough innovation in banking where practically all internet banking transactions can now be simply done on mobile phones.

ICICI Bank concluded India's largest ever securitization transaction of a pool of retail loan assets aggregating to Rs. 48.96 billion (equivalent of USD 1.21 billion) in a multi-tranche issue backed by four different asset categories. It is also the largest deal in Asia (ex-Japan) in 2008 till date and the second largest deal in Asia (ex-Japan & Australia) since the beginning of 2007.

2007
ICICI Bank‘s USD 2 billion 3-tranche international bond offering was the largest bond offering by an Indian bank.

Sangli Bank amalgamated with ICICI Bank.

ICICI Bank raised Rs 20,000 crore (approx $5 billion) from both domestic and international markets through a follow-on public offer.

ICICI Bank’s GBP 350 million international bond offering marked the inaugural deal in the sterling market from an Indian issuer and also the largest deal in the sterling market from Asia.

Launched India’s first ever jewellery card in association with jewelry major Gitanjali Group.

ICICI Bank became the first bank in India to launch a premium credit card -- The Visa Signature Credit Card.

Foundation stone laid for a regional hub in Gandhinagar, Gujarat.

Introduced SME Toolkit, an online resource centre, to help small and medium enterprises start, finance and grow their business.

ICICI Bank signed a multi-tranche dual currency US$ 1.5 billion syndication loan agreement in Singapore.

ICICI Bank became the first private bank in India to offer both floating and fixed rate on car loans, commercial vehicles loans, construction equipment loans and professional equipment loans.

In a first of its kind, nation wide initiative to attract bright graduate students to pursue a career in banking, ICICI Bank launched the "Probationary Officer Programme".

Launched Bank@home services for all savings and current a/c customers residing in India.

ICICI Bank Eurasia LLC inaugurated its first branch at St Petersburg, Russia.

2006
ICICI Bank became the first Indian bank to issue hybrid Tier-1 perpetual debt in the international markets.

ICICI Bank subsidiary set up in Russia.

Introduced a new product - 'NRI smart save Deposits' - a unique fixed deposit scheme for nonresident Indians.

Representative offices opened in Thailand, Indonesia and Malaysia.

ICICI Bank became the largest retail player in the market to introduce a biometric enabled smart card that allows banking transactions to be conducted on the field. A low-cost solution, this became an effective delivery option for ICICI Bank's micro finance institution partners.

ICICI Bank enters mainland Europe, opens branch in Belgium.

Financial counseling centre Disha launched. Disha provides free credit counseling, financial planning and debt management services.

Bhoomi puja conducted for a regional hub in Hyderabad, Andhra Pradesh.

2005
First rural branch and ATM launched in Uttar Pradesh at Delpandarwa, Hardoi.

"Free for Life" credit cards launched wherein annual fees of all ICICI Bank Credit Cards were waived off.

ICICI Bank and Visa jointly launched mCheq - a revolutionary credit card on the mobile phone.

Private Banking Masters 2005, a nationwide Golf tournament for high networth clients of the private banking division launched. This event is the largest domestic invitation amateur golf event conducted in India.

First Indian company to make a simultaneous equity offering of $1.8 billion in India, the United States and Japan.

Acquired IvestitsionnoKreditny Bank of Russia.

ICICI Bank became the largest bank in India in terms of its market capitalization.

ICICI Bank became the first private entity in India to offer a discount to retail investors for its follow-up offer.

2004
Max Money, a home loan product that offers the dual benefit of higher eligibility and affordability to a customer, introduced.

Mobile banking service in India launched in association with Reliance Infocomm.

India's first multi-branded credit card with HPCL and Airtel launched.

Kisan Loan Card and innovative, low-cost ATMs in rural India launched.

ICICI Bank and CNBC TV 18 announced India's first ever awards recognizing the achievements of SMEs, a pioneering initiative to encourage the contribution of Small and Medium Enterprises to the growth of Indian economy.

ICICI Bank opened its 500th branch in India.

ICICI Bank introduced partnership model wherein ICICI Bank would forge an alliance with existing micro finance institutions (MFIs). The MFI would undertake the promotional role of identifying, training and promoting the micro-finance clients and ICICI Bank would finance the clients directly on the recommendation of the MFI.

ICICI Bank introduced 8-8 Banking wherein all the branches of the Bank would remain open from 8a.m. to 8 p.m. from Monday to Saturday.

ICICI Bank introduced the concept of floating rate for home loans in India.

ICICI Bank inaugurates its offshore unit in Bahrain.

ICICI Bank inaugurates its representative office in Dhaka.

2003
The first Integrated Currency Management Centre launched in Pune.

ICICI Bank announced April 10 the setting up of its first ever offshore branch in Singapore.

The first offshore banking unit (OBU) at Seepz Special Economic Zone, Mumbai, launched.

ICICI Bank's representative office inaugurated in Dubai.

Representative office set up in China.

ICICI Bank's UK subsidiary launched.

India's first ever "Visa Mini Credit Card", a 43% smaller credit card in dimensions launched.

ICICI Bank subsidiary set up in Canada.

Temasek Holdings acquired 5.2% stake in ICICI Bank.

ICICI Bank became the market leader in retail credit in India.

2002
ICICI Ltd merged with ICICI Bank Ltd to create India's second largest bank in terms of assets. Application to RBI.

ICICI assigned higher than sovereign rating by Moody's.

ICICI Bank launched India's first CDO (Collateralised Debt Obligation) Fund named Indian Corporate Collateralised Debt Obligation Fund (ICCDO Fund).

"E Lobby", a self-service banking centre inaugurated in Pune. It was the first of its kind in India.

ICICI Bank launched Private Banking.

1100-seat Call Centre set up in Hyderabad.

ICICI Bank Home Shoppe, the first-ever permanent aggregation and display of housing projects in the country, launched in Pune.

ATM-on-Wheels, India's first mobile ATM, launched in Mumbai.

2001
Bank of Madura Limited amalgamated with ICICI Bank in an all-stock deal in 2001.

The Boards of ICICI Ltd and ICICI Bank approved the merger of ICICI with ICICI Bank.

1999
ICICI launched retail finance - car loans, house loans and loans for consumer durables.

1998
Introduced the new logo symbolizing a common corporate identity for the ICICI Group.

ICICI announced takeover of Anagram Finance.

1997
ICICI Ltd was the first intermediary to move away from single prime rate to three-tier prime rates structure and introduced yield-curve based pricing.

The name The Industrial Credit and Investment Corporation of India Ltd changed to ICICI Ltd.

ICICI Ltd announced the takeover of ITC Classic Finance.

1996
ICICI Ltd became the first company in the Indian financial sector to raise GDR.

SCICI merged with ICICI Ltd.

Mr. K.V.Kamath appointed the Managing Director and CEO of ICICI Ltd.

1994
ICICI Bank set up.

1993
ICICI Securities and Finance Company Limited in joint venture with J. P. Morgan set up.

ICICI Asset Management Company set up.

1988
Promoted TDICI - India's first venture capital company.

1987
ICICI signed a loan agreement for Sterling Pound 10 million with Commonwealth Development Corporation (CDC), the first loan by CDC for financing projects in India.

1986
ICICI became the first Indian institution to receive ADB Loans.

ICICI, along with UTI, set up Credit Rating Information Services of India Limited, India's first professional credit rating agency.

ICICI promotes Shipping Credit and Investment Company of India Limited.

The Corporation made a public issue of Swiss Franc 75 million in Switzerland, the first public issue by any Indian entity in the Swiss Capital Market.

1985

Mr. N.Vaghul appointed the seventh Chairman and Managing Director of ICICI.

1983-84
Mr. S.S Nadkarni appointed the sixth Chairman and Managing Director of ICICI.

1982
1982 : ICICI became the first ever Indian borrower to raise European Currency Units.

ICICI commences leasing business.

1979
Mr.Siddharth Mehta appointed the fifth Chairman of ICICI.

1978
Mr. James Raj appointed the fourth Chairman of ICICI.

1977
ICICI sponsored the formation of Housing Development Finance Corporation. Managed its first equity public issue.

1972
The second entity in India to set up merchant banking services.

Mr. H. T. Parekh appointed the third Chairman and Managing Director of ICICI.

1971
Mr. H. T. Parekh appointed the Executive Chairman of ICICI.

1969
The first two regional offices in Calcutta and Madras set up.

1967
ICICI made its first debenture issue for Rs.6 crore, which was oversubscribed.

1961
The first West German loan of DM 5 million from Kredianstalt obtained.

1958
Mr.G.L.Mehta appointed the second Chairman of ICICI Ltd.

1956
ICICI declared its first dividend of 3.5%.

1955
The Industrial Credit and Investment Corporation of India Limited (ICICI) incorporated at the initiative of the World Bank, the Government of India and representatives of Indian industry, with the objective of creating a development financial institution for providing medium-term and long-term project financing to Indian businesses.

Mr.A.Ramaswami Mudaliar elected as the first Chairman of ICICI Limited.

ICICI emerges as the major source of foreign currency loans to Indian industry. Besides funding from the World Bank and other multi-lateral agencies, ICICI was also among the first Indian companies to raise funds from international markets.