History of ICICI

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.
1956 : ICICI declared its first dividend of 3.5%.
1958 : Mr.G.L.Mehta appointed the second Chairman of ICICI Ltd.
1960 : ICICI building at 163, Backbay Reclamation, inaugurated.
1961 : The first West German loan of DM 5 million from Kredianstalt
obtained.
1967 : ICICI made its first debenture issue for Rs.6 crore, which was
oversubscribed.
1969 : The first two regional offices in Calcutta and Madras set up.
1972 : The second entity in India to set up merchant banking services.
: Mr. H. T. Parekh appointed the third Chairman of ICICI.
1977 : ICICI sponsored the formation of Housing Development Finance
Corporation. Managed its first equity public issue
1978 : Mr. James Raj appointed the fourth Chairman of ICICI.
1979 : Mr.Siddharth Mehta appointed the fifth Chairman of ICICI.
1982 : 1982 : ICICI became the first ever Indian borrower to raise
European Currency Units.
: ICICI commences leasing business.
1984 : Mr. S. Nadkarni appointed the sixth Chairman of ICICI.
1985 : Mr. N.Vaghul appointed the seventh Chairman and Managing
Director of ICICI.
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.
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.
1988 : Promoted TDICI - India's first venture capital company.
1993 : ICICI Securities and Finance Company Limited in joint venture with
J. P. Morgan set up.
: ICICI Asset Management Company set up.
1994 : ICICI Bank set up.
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
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.
1998 : Introduced the new logo symbolizing a common corporate identity
for the ICICI Group.
: ICICI announced takeover of Anagram Finance.
1999 : ICICI launched retail finance - car loans, house loans and loans for
consumer durables.
: ICICI becomes the first Indian Company to list on the NYSE through
an issue of American Depositary Shares.
2000 : ICICI Bank became the first commercial bank from India to list its
stock on NYSE.
: ICICI Bank announces merger with Bank of Madura.
2001 : The Boards of ICICI Ltd and ICICI Bank approved the merger of
 ICICI with ICICI Bank.
2002 : ICICI Ltd merged with ICICI Bank Ltd to create India’s
secondlargest bank in terms of assets.
: 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 county, launched in Pune,
: ATM-on-Wheels, India’s first mobile ATM, launched in Mumbai.
2003 : The first Integrated Currency Management Centre launched in
Pune.
: ICICI Bank announced 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.
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.
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 mChq – 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.
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 allow 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.
: 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.
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.
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.
: ICICI Bank launches ICICIACTIVE - Banking Interactive Service -
along with DISHTV, which will allow viewers to see information
about the Bank's products and services and contact details on their
DISHTV screens.
: ICICI Bank and British Airways launch co-branded credit card,
which is designed to earn accelerated reward points to the card
holders with every British Airways flight or by spending on everyday
purchases
: ICICI Bank Board appoints Mr K. V. Kamath as non-executive
Chairman and Ms Chanda Kochhar as Managing Director & CEO
effective May 1, 2009, while the existing non-executive Chairman
Mr N Vaghul retires after completing his term on April 30, 2009
2009 : ICICI bank ties up with BSNL Cell One for bill payments, it will
facilitate bill payment for BSNL Cell One users
throughwww.icicibank.com across all the 27 circles of BSNL.
: ICICI Bank Limited acting through its Hong Kong Branch (ICICI
Bank) signed an agreement on Export Credit Line totaling up to
US$100 million with the Japan Bank for International Cooperation
(JBIC) which constitutes the international wing of Japan Finance
Corporation.
: ICICI Bank Limited acting through its Hong Kong Branch (ICICI
Bank) signed a loan agreement with the Export-Import Bank of
China (China Exim) for USD 98 million under the Two- step Buyer
Credit (Export Credit) arrangement. ICICI Bank is the first Indian
Bank to have entered into this arrangement with China Exim
: ICICI Bank with Singapore Airlines launched “ICICI Bank Singapore
 Airlines Visa Platinum Credit Card”, the Card has exclusive
privileges especially designed for the members.
: ICICI Bank announced an association with mChek, India’s leading
mobile payment solutions provider, to facilitate mChek services to
all ICICI Bank Debit and Credit Card customers. These are
electronic cards issued to the customers with mChek application on
their mobile phone.
: Ms Chanda Kochhar takes charge as the Managing Director & CEO
of ICICI Bank from May 1, 2009

ICICI Bank is India's second-largest bank with total assets of

Rs. 3,634.00 billion (US$ 81 billion) at March 31, 2010 and
profit after tax Rs. 40.25 billion (US$ 896 million) for the year
ended March 31, 2010. The Bank has a network of 2,035
branches and about 5,518 ATMs in India and presence in 18
countries. ICICI Bank offers a wide range of banking
products and financial services to corporate and retail
customers through a variety of delivery channels and
through its specialised subsidiaries in the areas of
investment banking, life and non-life insurance, venture
capital and asset management. The Bank currently has
subsidiaries in the United Kingdom, Russia and Canada,
branches in United States, Singapore, Bahrain, Hong Kong,
Sri Lanka, Qatar and Dubai International Finance Centre and
representative offices in United Arab Emirates, China, South
Africa, Bangladesh, Thailand, Malaysia and Indonesia. Our
UK subsidiary has established branches in Belgium and
Germany.

ICICI Bank's equity shares are listed in India on Bombay

Stock Exchange and the National Stock Exchange of India
Limited and its American Depositary Receipts (ADRs) are
listed on the New York Stock Exchange (NYSE).