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ICICI Bank Limited (ICICI) is a leading Indian multinational bank and financial services company headquartered in Mumbai. Established in 1994, ICICI Bank has grown to become one of the largest banks in India, driven by innovation and a commitment to providing exceptional financial services. It operates across multiple segments, including Retail Banking, Wholesale Banking, Treasury, Life Insurance, and other banking businesses.
The Retail Banking segment, which generates the highest revenue, includes services such as credit cards, debit cards, and third-party product distribution. This segment meets the regulatory requirements as per the Reserve Bank of India (RBI) Basel III framework, ensuring robust risk management practices.
Wholesale Banking at ICICI Bank caters to the financial needs of large corporates by offering specialized services, including loan syndication, structured finance, and transaction banking. The Treasury segment manages investments, foreign exchange operations, and trading in securities, playing a vital role in liquidity management and risk mitigation.
ICICI Bank's Life Insurance arm, ICICI Prudential Life Insurance Company, stands as a prominent player in the Indian insurance market, providing comprehensive life insurance solutions. The company's focus on leveraging technology and innovation has led to significant advancements in digital banking, mobile banking applications, and internet banking services, enhancing customer convenience and accessibility.
Recent achievements include the introduction of various digital banking initiatives aimed at improving customer experience and operational efficiency. Strategic partnerships and collaborations continue to strengthen ICICI Bank's position in the financial sector, fostering growth and expansion.
ICICI Bank's commitment to sustainability and corporate social responsibility is evident through its numerous initiatives focused on community development, education, healthcare, and environmental conservation. With a strong financial position and a diversified portfolio, ICICI Bank Limited remains a key player in the global banking industry, consistently delivering value to its stakeholders.
ICICI Bank (NYSE: IBN) has filed its annual report on Form 20-F for the fiscal year ended March 31, 2024 (FY2024) with the U.S. Securities and Exchange Commission (SEC) on July 31, 2024. The report includes:
- Consolidated financial statements under Indian GAAP
- Reconciliation of profit and net worth under Indian GAAP to U.S. GAAP
- Approval from the Audit Committee of the Board
The Form 20-F is available on the SEC website and ICICI Bank's investor relations page. Shareholders can request a free copy of the complete audited financial statements by contacting the Company Secretary.
ICICI Bank Limited (NYSE: IBN) announced the filing of its annual report in Form 20-F for the fiscal year ending March 31, 2022, on July 29, 2022. The report complies with U.S. securities regulations and includes consolidated financial statements prepared under Indian GAAP. It also provides a reconciliation of profit after tax and net worth under Indian GAAP to U.S. GAAP. Shareholders can access the report via the SEC website or obtain audited financial statements by contacting the Bank directly.
ICICI Bank Limited (NYSE: IBN) submitted its annual report in Form 20-F for the fiscal year ending March 31, 2021, on July 30, 2021, in compliance with U.S. securities regulations. The report includes consolidated financial statements prepared under Indian GAAP and reconciles profit after tax and net worth with U.S. GAAP standards, receiving approval from the Audit Committee. Shareholders can access the report through the SEC website or ICICI Bank's investor relations page.
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