About
ICICI was formed in 1955 at the initiative of the World Bank, the Government of India and representatives of Indian industry. The principal objective
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was to create a development financial institution for providing medium-term and long-term project financing to Indian businesses. Until the late 1980s, ICICI primarily focused its activities on project finance, providing long-term funds to a variety of industrial projects. With the liberalization of the financial sector in India in the 1990s, ICICI transformed its business from a development financial institution offering only project finance to a diversified financial services provider that, along with its subsidiaries and other group companies, offered a wide variety of products and services. As India’s economy became more market-oriented and integrated with the world economy, ICICI capitalized on the new opportunities to provide a wider range of financial products and services to a broader spectrum of clients. ICICI Bank was incorporated in 1994 as a part of the ICICI group. In 1999, ICICI became the first Indian company and the first bank or financial institution from non-Japan Asia to be listed on the New York Stock Exchange.
The Bank has a long-standing commitment towards promoting inclusive social and economic development. Our social efforts are driven by the vision to create a positive impact through projects that are sustainable with widespread reach and responsive to local developmental needs and urgencies. Through the Bank’s philanthropic arm, the ICICI Foundation for Inclusive Growth, a meaningful socio-economic change has been our endeavour.
Grant Value
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2020-21
Grant ValueRs. 2,005,000,000CSR BudgetRs. 1,845,300,000 -
2021-22
Grant ValueRs. 2,666,200,000CSR BudgetRs. 2,596,100,000 -
2022-23
Grant ValueRs. 4,766,500,000CSR BudgetRs. 4,078,400,000
Organisations Supported
Cause Area
Cause Level Grant Distribution
Programmes
Geographical Coverage
Impact
Programs
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Affordable and Accessible Healthcare
DescriptionHealthcare came into sharper focus following the Covid-19 pandemic, when the need to significantly strengthen the health infrastructure in the country was recognised. Through the ICICI Foundation, the Bank continued to take several measures like providing ambulances, blood donation and blood transport vehicles, dialysis machines and other health equipment to government and charitable institutions. Support was provided to underprivileged individuals for cancer care, bone marrow transplant, eye checkups and organ transplants.
CauseDemographicsImpactBlood collection vehicles provided to hospitals 14Dialysis machines provided to hospitals 500 -
Sustainable Environment and Ecology
DescriptionEnvironmental and ecological protection has become a critical developmental need for India, as several regions face challenges of water shortage, decline in soil quality and productivity of crops, and the need to increase forest cover and create carbon sinks. The team at ICICI Foundation engages with the local authorities and administration to understand the challenges and evaluate corrective measures that could be undertaken. Several projects relating to water conservation and rejuvenating water bodies have been undertaken.
CauseStatesDemographicsImpactFarmers reached regarding ‘zero burning villages 1,20,000Rural schools that installed solar power facilities 30Schools that implemented water harvesting 5,800Villages declared ‘zero burning villages 600Acres of grassland developed 2,245 -
Community development
DescriptionPromoting education, sports, entrepreneurship, support to armed forces, disaster relief and projects undertaken in aspirational districts
CauseDemographicsImpactFamilies supported during natural disaster 14,000 -
Livelihood
DescriptionSkill development in urban and rural areas, value chain development, climate smart agriculture, Rural Self-Employment Training Institutes
CauseStatesDemographicsImpactYouth skilled 2,05,550Farmers benefitted 2,240Pedestrian bridges constructed in Uttarakhand 91Tribals and forest dwellers whose income was increased 2,200
Annual Reports
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2023
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2022
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2021
In the News
Awards & Recognitions
1. ICICI Bank has been awarded the 'Best Governed Company Award' by the Asian Centre for Corporate Governance & Sustainability for its outstanding commitment to corporate governance. : 2024
Location
Contact
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Email ID
customer.care@icicibank.com
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Phone Number
1800 1080
Point of Contact
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Email ID
customer.care@icicibank.com