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ICICI Group contributes Rs 12 crore to the ‘Prime Minister’s National Relief Fund’ towards natural calamities in Jammu & Kashmir, Assam, Meghalaya and Andhra Pradesh

October 31, 2014




New Delhi: ICICI Group today made a contribution of Rs 12 crore towards the 'Prime Minister's National Relief Fund' for the people affected by the natural calamities in Jammu & Kashmir, Assam, Meghalaya and Andhra Pradesh.

 

Commenting on the situation in these states, Ms. Chanda Kochhar, MD & CEO, ICICI Bank said, "Our hearts go out to the bereaved families and those who have been displaced from their homes due to the tragic natural calamity. Our nation now faces the task of rebuilding and reconstructing Jammu & Kashmir, Assam, Meghalaya and Andhra Pradesh while continuing to provide relief and care to those who are still suffering from this tragedy. We at the ICICI Group are committed to playing a role in nation building by providing assistance to those in need of a helping hand, through our own initiatives as well as in partnership with the Central and State Governments."

 

The donation comprises contribution from the salaries of the employees of ICICI Bank, ICICI Prudential Life Insurance, ICICI Lombard General Insurance, ICICI Prudential Asset Management, ICICI Venture, ICICI Securities, ICICI Securities Primary Dealership and ICICI Foundation, as well as contributions from the companies themselves.

 

The Bank services its large customer base through a multi-channel delivery network of 3815 branches, 11739 ATMs, call center, internet banking (www.icicibank.com), mobile banking and social media banking (as at September 30, 2014).

 

For news and updates about ICICI Bank, visit www.icicibank.com and follow us on www.twitter.com/ICICIBank.

 

About ICICI Bank Ltd: ICICI Bank Limited (NYSE:IBN) is India's largest private sector bank with consolidated total assets of US $ 124.76 billion at March 31, 2014. Its subsidiaries include India's leading private sector insurance companies and among its largest securities brokerage firms, mutual funds and private equity firms. The Bank's presence spans 18 countries, including India.

 

Except for the historical information contained herein, statements in this release, which contain words or phrases such as 'will', 'would', etc., and similar expressions or variations of such expressions may constitute 'forward looking statements'. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to our ability to obtain statutory and regulatory approvals and to successfully implement our strategy, future levels of nonperforming loans, our growth and expansion in business, the adequacy of our allowance for credit losses, technological implementation and changes, the actual growth in demand for banking products and services, investment income, cash flow projections, our exposure to market risks as well as other risks detailed in the reports filed by us with the United States Securities and Exchange Commission. ICICI Bank undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date thereof. All reference to interest rates, penalties and other terms and conditions for any products and services described herein are correct as of the date of the release of this document and are subject to change without notice. The information in this document reflects prevailing conditions and our views as of this date, all of which is expressed without any responsibility on our part and is subject to change. In preparing this document, we have relied upon and assumed, without independent verification, the accuracy and completeness of all information available from public sources. ICICI Bank and the "I man" logo are the trademarks and property of ICICI Bank. Any reference to the time of delivery or other service levels is only indicative and should not be construed to refer to any commitment by us. The information contained in this document is directed to and for the use of the addressee only and is for the purpose of general circulation only.

 

For Press Queries:
Sujit Ganguli
Senior General Manager & Head - Corporate Communications and Brand Group
ICICI Bank Ltd.
Mumbai – 51
Email – ganguli.sujit@icicibank.com



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