ICICI Bank

ICICI Bank is India’s second-largest bank with total assets of Rs. 4,736.47 billion (US$ 93 billion) at March 31, 2012 and profit after tax Rs. 64.65 billion (US$ 1,271 million) for the year ended March 31, 2012. The Bank has a network of 3,100 branches and 10,486 ATMs in India, and has a presence in 19 countries, including India.

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).

In 2012, the Asian Development Bank provided a $100-million credit line to ICICI Bank to fund renewable energy and energy efficiency projects. The credit will be available to projects identified by the ADB and ICICI Bank. This is taking into consideration Indian Government objectives and overall impact assessment, according to ADB. The bank’s support will help in developing renewable energy and energy efficiency in priority sectors. It will also catalyse local commercial bank financing to support the development of smaller and medium-size renewable energy and energy efficiency projects that are too small for ADB to support on a project-by-project basis. The credit line will fill a market gap in terms of financing such projects. This is in light of the recent global financial crisis and the resulting limitation on funding sources. It will also achieve energy savings contributing to reducing India’s energy supply-demand gap and mitigating climate change, the central bank said.

PROJECT FINANCE

Project Finance is one of the key focus areas for ICICI Bank. The Project Finance Group has institutionalized capabilities to successfully manage the unique and multidimensional process of project finance transactions led by customized project structuring approach.

The group has been the sole lead arranger and underwriter of a significant amount of project debt over the years. In the Indian project finance domain, the group enjoys a leadership position and is acknowledged for its comprehensive domain expertise and knowledge in the infrastructure, manufacturing and mining sectors, having ensured timely financial closure of several big ticket projects.

ICICI Bank is the first Indian bank to finance large hydro-power projects and has been the lead arranger towards funding of a number of thermal power plants being set-up by large infrastructure developers.

SERVICE OFFERINGS

PFG provide a wide range of services including the following:
Rupee term loans
Foreign currency term loans
External Commercial Borrowings
Export Credit Agency backed long term debt
Lines of credit from different multilateral institutions
Non fund based facilities like Letter of Credit, Bank Guarantee, Supplier’s Credit, Buyer’s Credit etc.
Subordinated debt and mezzanine financing

CONTACT

Please drop in your queries at the mail id roshni.daruwala@icicibank.com or contact at 022-2653 7510.