1. Introduction ICICI Bank, one of India’s leading private sector banks, was established in 1994 as a wholly-owned subsidiary of ICICI Limited, an Indian financial institution. Over the years, ICICI Bank has become synonymous with innovation in banking, offering a wide range of financial products and services to millions of customers in India and abroad. 2. Founding and Early Years ICICI (Industrial Credit and Investment Corporation of India) was founded in 1955 as a development financial institution (DFI) with the primary aim of providing medium- and long-term project financing to Indian businesses. The bank was promoted by the World Bank, the Government of India, and representatives from Indian industries. In 1994, ICICI established its commercial banking arm, ICICI Bank, to tap into the rapidly growing retail and corporate banking sectors. 3. Key Founders and Leaders Narayanan Vaghul: Considered the architect of ICICI, he served as the...
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