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ICICI was formed in 1955 at the initiative of the World Bank, the Government of India and representatives of Indian industry. The principal objective was to create a development financial institution for providing medium-term and long-term project financing to Indian businesses.
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As per the Reserve Bank of India (RBI) guidelines dated July...
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History. ICICI Bank was originally promoted in 1994 by ICICI...
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History. The Industrial Credit and Investment Corporation of India (ICICI) was a government institution established on 5 January 1955 and Sir Arcot Ramasamy Mudaliar was elected as the first Chairman of ICICI Ltd.
History. ICICI Bank was originally promoted in 1994 by ICICI Limited, an Indian financial institution, and was its wholly-owned subsidiary. Know More. ICICI Group Companies.
- History of Industrial Credit and Investment Corporation of India
- Objectives of The ICICI
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- Role of The ICICI
The creation of Industrial Credit and Investment Corporation of India (ICICI) is another milestone in the growth of the Indian Capital Market. It was incorporated in the year 1955, as a company registered under the Companies Act. The ICICI was incorporated to finance small scale and medium industries in the private sector. The IFCI and SFCs confine...
The major objective of the ICICI was to meet the needs of the industry for permanent and long term funds in the private sector. In general, the major objectives of the Corporation are: 1. To assist in creation, growth and modernization of business enterprises in the non-public sector. 2. To encourage and promote the involvement of internal and exte...
In order to accomplish the above objectives, the Corporation performs the following functions: 1. Providing finance in the form of long-term or medium term loans or equity participation. 2. Sponsoring and underwriting new issues of shares and other securities, 3. Guaranteeing loansfrom other private investment sources. 4. Making funds available for...
The Corporation provides finance-in the following forms: 1. Underwriting of public issues and offer or sale of industrial securities. 2. Direct subscription to such securities. 3. Securing loans in rupees payable over periods up to 15 years. 4. Providing similar loans in foreign currencies for payment of imported capital equipment and technical ser...
The Corporation started a Merchant Banking Division in 1973 for advising its clients on a selective basis, on raising finances in suitable forms and on restructuring of finances in the existing companies. It also advises clients on amalgamation proposals. Assistance is provided in preparing proposals for submission to financial institutions and ban...
May 23, 2024 · ICICI was a government organization founded in 1955 through a collaboration between the World Bank, the Indian Government, and Indian insurance and banking institutions. Their goal was to...
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ICICI Bank - with ICICI, ICICI Personal Finance Services and ICICI Capital merged with itself - is the biggest private sector bank in the nation with a balance sheet size of Rs 1,04,000 crore...
ICICI Bank. 316K subscribers. Subscribed. Like. 2.3M views 1 year ago. Presenting to you #InServiceOfTheNation, a series of videos that trace ICICI's evolution over the last 68 years....
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