History of ICICI Bank

ICICI Bank was started in 1955 through an initiative by the word bank,indian government and indian industry. In 1999 it became the first indian company and only the second asian bank to be listed on the new york stock exchange. ICICI bank came to Britain in 2003 initially serving the indian community here and then in 2006 launched it's online savings accounts. Today ICICI bank has 1416 branches in India and a prescence in 18 countries. ICICI bank is a authorised and regulated by the FSA and savings are protected up to the limit of the financial services compensation scheme. (£50,000) The registered offices for ICICI Bank UK Ltd is 21 Knightsbridge London SW1X 7LY

ICICI Bank Financials

Results year ended 31/03/2011. ICICI Bank is now India's second-largest bank with total assets of Rs. 4,062.34 billion (US$ 91 billion) at March 31, 2011 and profit after tax Rs. 51.51 billion (US$ 1,155 million) for the year ended March 31, 2011. The Bank has a network of 2,539 branches and about 7,037 ATMs in India, and has a presence in 19 countries, including India. 24/10/2010 ICICI BANK Highest ever consolidated profit after tax of Rs. 4,670 crore for the year ended March 31, 2010; 31% increase from Rs. 3,577 crore for the year ended March 31, 2009. 27/01/2009 ICICI Bank reported a profit after tax for the 3rd quarter of 261 million dollars as against 253 million dollars for the equivalent quarter a year earlier. 24/02/2009 The indian state run life insurance company Corporation of India has increased its stake in icici bank to 9.38%

ICICI Bank Savings Account Products

ICICI Bank is best known in the UK for the high rates it pays on the savings accounts and fixed rate bonds it offers but it also supplies loans,health insurance,credit cards,money transfers. ICICI Bank offers a range of fixed rate bonds with the 12 months fixed rate bond paying 2.25% on a minimum investment of £1,000.The HiSave instant access account paying 0.80% on a minimum investment of £1 being another savings account they offer. The savings accounts below were the latest offerings from ICICI as at 29th October 2011

Icici Bank HiSave Savings Account. Key Features 0.50% AER (on all balances above £1) Fast and Easy Access (no penalties for withdrawals) Covered under FSCS

Icici Bank Fixed Rate Bond Account 6 Months Key Features Interest Rate Fixed for the 6 month term Minimum investment of only £1,000 1.50% AER Icici Bank is authorised and regulated by the Financial Services Authority and is a member of the Financial Services Compensation Scheme

Icici Bank HiSave Fixed Rate Bond 1 Year Key Features Interest Rate Fixed for the 1 year term Interst rate 3.15% AER Minimum investment of only £1,000 currently not available Icici Bank is authorised and regulated by the Financial Services Authority and is a member of the Financial Services Compensation Scheme