Chanda KochharFrom Wikipedia, the free encyclopediaJump to: navigation, search

Chanda Kochhar

Chanda Kochhar at the India Economic Summit 2011 in Mumbai, India, 12–14 November 2011

BornNovember 17, 1966 (age 47)Jodhpur, India

Occupation CEO and MD, ICICI BankSpouse(s) Deepak KochharChildren A son and a Daughter.

Chanda Kochhar (born 17 November 1961) is the managing director (MD) of ICICI Bank and its chief executive officer (CEO). ICICI Bank is India's largest private bank and overall second largest bank in the country.[1][2] She also heads the Corporate Centre of ICICI Bank.

Contents

 [hide] 

1 Early life 2 Career

o 2.1 1984–1993 o 2.2 1993–2008

3 2006–present 4 Recognition 5 References 6 External links

Early life[edit]

Kochhar was born in Jodhpur, Rajasthan and raised in Jaipur, Rajasthan. She is an alumnus of St. Angela Sophia School, Jaipur. She then moved to Mumbai, where she joined Jai Hind College for a Bachelor of Arts degree. After graduating in 1982 she then pursued Cost Accountancy

ICWAI, Later, she acquired the Masters Degree in Management Studies from Jamnalal Bajaj Institute of Management Studies, Mumbai. She received the Wockhardt Gold Medal for Excellence in Management Studies as well as the J. N. Bose Gold Medal in Cost Accountancy for highest marks in the same year.[3]

Kochhar resides in Mumbai, and is married to Deepak Kochhar, a wind energy entrepreneur and her Business schoolmate. She has two children, a son and a daughter.[3][4]

Career[edit]

1984–1993[edit]

In 1984, Kochhar joined the Industrial Credit and Investment Corporation of India Ltd. (ICICI).[5] as a management trainee after her Master's degree. In her early years in ICICI, she handled Project Appraisal and Monitoring and projects in various industries like Textile, Paper and Cement.[3]

1993–2008[edit]

In 1993, Kochhar was sent to ICICI bank as part of a core team to set the bank. She was promoted to Assistant General Manager in 1994 and then to Deputy General Manager in 1996. In 1996, Kochhar headed the newly formed Infrastructure Industry Group of ICICI, which aimed "to create dedicated industry expertise in the areas of Power, Telecom and Transportation". In 1998, she was promoted as the general manager and headed ICICI's “Major Client Group”, which handled relationships with ICICI's top 200 clients. In 1999, she also handled the Strategy and E-commerce divisions of ICICI. Under Kochhar's leadership, ICICI bank started the Retail business in July 2000 and emerged the largest retail financer in India, in the next five years. In April 2001, she took over as Executive Director, heading the in ICICI Bank.[3] It took her ten years to get promoted to AGM, but suddenly within seven years beginning 1994, she got five successive promotions to become Executive director. Her rise through the ranks was spectacular.[6]

2006–present[edit]

In April 2006, Kochhar was appointed as Deputy Managing Director of ICICI Bank. She managed the Corporate and Retail banking business of ICICI Bank. From October 2006 to October 2007, she handled the International and Corporate businesses of ICICI Bank. From October 2007 to April 2009, Kochhar was also the bank's chief financial officer (CFO), Joint managing director (JMD) and the official spokesperson. She also headed the Corporate Centre of ICICI Bank.[3][7] She is also a director of different ICICI group companies. She is the chairperson of ICICI Bank Eurasia Limited Liability Company and ICICI Investment Management Company Limited. Kochhar is the Vice-Chairperson of ICICI Bank UK PLC and ICICI Bank Canada. She is a director in ICICI International Limited and ICICI Prudential Life Insurance Company Ltd. and part of the Governing Council in 1964. The ICICI Foundation for Inclusive Growth-Member.[8]

Kochhar is CEO and MD of ICICI Bank from May 2009 for a period of five years. She succeeds K. V. Kamath, who was CEO of the bank since 1996.[2][9]

Recognition[edit]

Under Kochhar's leadership, ICICI Bank won the “Best Retail Bank in India” award in 2001, 2003, 2004 and 2005 and “Excellence in Retail Banking Award” in 2002; both awards were given by The Asian Banker. Kochhar personally was awarded "Retail Banker of the Year 2004 (Asia-Pacific region)" by the Asian Banker, "Business Woman of the Year 2005" by The Economic Times and "Rising Star Award" for Global Awards 2006 by Retail Banker International. Kochhar has also consistently figured in Fortune's list of "Most Powerful Women in Business" since 2005.[3] She climbed up the list debuting with the 47th position in 2005, moving up 10 spots to 37 in 2006 and then to 33 in 2007.[10][11] In the 2008 list, Kochhar features at the 25th spot.[12] In 2009, she debuted at number 20 in the Forbes "World's 100 Most Powerful Women list". She is the second Indian in the list behind the ruling Indian National Congress party chief Sonia Gandhi at number 13.[4] In 2010, she fell to number 92 in the Forbes list, but in 2011 bounced back to 43.[13][14]

Kochhar has also consistently figured in Fortune's list of "Most Powerful Women in Business" since 2005. In 2009, she debuted at number 20 in the Forbes "World's 100 Most Powerful Women list",[15] and climbed to the 10th spot in 2010.[16] In 2011, she featured in Business Today's list of the "Most Powerful Women – Hall of Fame".[17] In 2011, she also featured in the "The 50 Most Influential People in Global Finance" List of Bloomberg Markets.[18] Chanda Kochhar was awarded with ASSOCHAM Ladies League Mumbai Women of the Decade Achievers Award on January 2, 2014.[19]

Kochhar is honoured with Padma Bhushan Award, the third highest civilian honour by the Government of India for the year 2010 for her services to banking sector.[20]

Kochhar was also awarded the "ABLF Woman of Power Award (India)" in 2011 at the Asian Business Leadership Forum Awards.[21]

Kochhar was ranked as the most powerful business woman in India in Forbes' list of 'The World's 100 Most Powerful Women 2013'.[22] Kochhar was also featured in the Power List 2013 of 25 most powerful women in India by India Today, for the third year in a row.[23]

References[edit]

Chanda KochharBorn On: November 17, 1961Born In: Jodhpur, RajasthanCareer: MD, CEO, ICICI Bank

In India's male dominated banking sphere, Chanda Kochhar carved a niche for herself. This was no easy task. In her career which extends to over three decades of experience, she remained strong willed and alert. Her determination to make it to the top only grew from year to year. Kochhar's career growth can be traced along with the expansion of the bank over the past several years. She never stuttered in her growth and was one of the few who kept up with the aggressive development run of ICICI bank. It was her sharp strategic planning which made the ICICI bank the 'Best Retail Bank in India' for five consecutive years. As per Forbes, It's no wonder then that she has been ranked 20th amongst the most powerful women in business and in the world. Read on to find out more about how Chanda Kochhar made it to the top of the corporate pile.

Early LifeChanda Kochhar was born in Jodhpur in Rajasthan on November 17, 1961, but was raised in Jaipur in Rajasthan. She then joined Jai Hind College in Mumbai for a Bachelor of Arts degree. After completing her graduation in 1982, she pursued cost accountancy (ICWAI). Later, she did her Master's degree in management studies from the esteemed Jamnalal Bajaj Institute of Management Studies in Mumbai from where she received a Wockhardt Gold Medal for Excellence in Management Studies. In the same year, she won the J.N Bose gold medal for Cost Accountancy.

CareerIn 1984, after her masters, Chanda Kochhar joined 'The Industrial Credit and Investment Corporation of India Limited' or ICICI Limited as a management trainee. In her initial years in ICICI, she handled project appraisal and monitoring and various projects in Petrochemicals, Textile and Cement and Paper. In 1994, she became the Assistant General Manager and was promoted to the post of Deputy General Manager in 1996. She headed the Infrastructure Industry Group of ICICI. In 1999, she was promoted as the General Manager and became the head of ICICI's 'Major Client Group' which handled relationships with the top 200 clients of the organisation. In 1999, she started handling the Strategy and E-commerce divisions of ICICI. Under Kochhar's leadership, ICICI began its retail business in 2000 and in the next five years, became the biggest retail financer in India. In 2001, she became the executive director of ICICI bank. In April 2006, she was appointed as the Deputy Managing Director of ICICI bank and managed the corporate and retail banking business of ICICI bank. From October 2007 to April 2009, she was the Chief Finance Officer (CFO), Joint Managing Director (JMD), and the official spokesperson of ICICI. She was also the head of the Corporate Center of ICICI bank, the director of the ICICI group of companies, Chairperson of ICICI Bank Eurasia Limited Liability Company and ICICI Investment Management Company Limited. Chanda Kochhar also held the positions of Vice-Chairperson of ICICI Bank UK and ICICI Bank Canada and the position of Director of ICICI International Limited and ICICI Prudential Life Insurance Company Limited. In May 2009, she was appointed as the Managing Director and the Chief Operating Officer of ICICI bank for a term of five years.

Contributions Chanda Kochhar was a part of the core team when ICICI decided to set the ICICI Bank 1993. In 2000, when the organisation decided to develop its wings, she decided to keep the bank open for twelve hours in a day when other banks were open for four to seven hours a day. She was also one of the bankers who came up with electronic banking and installed 2000 ATM machines all

over India. Under Kochhar's leadership, ICICI was awarded the 'Best Retail Bank in India' in 2001, 2003, 2004 and 2005. In 2002, the bank was given the 'Excellence in Retail Banking Award'.

Legacy Chanda Kochhar is one amongst the two women who is the head of an Indian domestic bank. Joining the ICICI bank as a management trainee, she was instrumental in making ICICI bank the largest retail financer in India. She is an inspiration to women all over the world.

Awards And Accolades 'Retail Banker of the Year' (Asia - Pacific region) by The Asian Banker, 2004'Business Woman of the Year' by The Economic Times, 2005'Rising Star Award' for Global Awards by Retail Banker International, 2006 Featured in the list of '30 Most Powerful Woman Leaders' in business for 8 consecutive years from 2002 to 2010'Transformational Business Leader of the Year' by All India Management Association, 2010Ranked 10th in the Fortune's List of 'Most Powerful Women in Business', 2010Ranked 92nd in the Forbes List of 'Most Powerful Women' in the world, 2010'Outstanding Woman Business Leader of the Year' award by CNBC TV18, 2010'Ranked 11th in the List of 'Top 50 Woman in World Business' by the Financial Times, 2010Padma Vibhushan, 2011

Timeline

1961 - Born in Jodhpur in Rajasthan. 1982 - Completed her graduation and pursued cost accountancy. 1984 - Joined 'The Industrial Credit and Investment Corporation of India Limited' or ICICI Limited.1994 - Became the Assistant General Manager of ICICI bank. 1996 - Became the Deputy General Manager.1999 - Took over as the General Manager and became the head of ICICI's 'Major Client Group'.2000 - ICICI began its retail business under Kochhar's leadership.2001 - Became the executive director of the ICICI bank.2006 - Appointed as the Deputy Managing Director of ICICI bank.2009 - Appointed as the Managing Director and the Chief Operating Officer of ICICI bank.2011 - Awarded Padma Vibhushan.

Director's ProfileMs. Chanda Kochhar, Managing Director and Chief Executive Officer 

Ms. Chanda Kochhar

Managing Director and Chief ExecutiveOfficer, ICICI Bank Limited

Profile

Ms. Chandra Kocher is the Managing Director and Chief Executive Officer of ICICI Bank Limited, India's second-largest bank and the largest in the private sector. She is widely recognized for her role in shaping the retail banking sector in India and for her leadership of the ICICI Group, as well as her contributions to various forums in India and globally.

Ms. Kocher began her career, with erstwhile ICICI Limited in 1984 and was elevated to the Board of Directors of ICICI Bank in 2001. She was instrumental in establishing ICICI Bank during the 1990s, and subsequently headed the infrastructure finance and corporate banking business in ICICI Limited. In 2000, she took on the challenge of building the nascent retail business, with strong focus on technology, innovation, process reengineering and expansion of distribution and scale. The Bank achieved a leadership position in this business. During 2006-2007, she successfully led the Bank's corporate and international banking businesses during a period of heightened activity and global expansion by Indian companies. From 2007 to 2009, she was the Joint Managing Director & Chief Financial Officer during a critical period of rapid change in the global financial landscape. She was elevated as Managing Director & CEO of ICICI Bank in 2009 and is responsible for the Bank's diverse operations in India and overseas. She also chairs the boards of the Bank's principal subsidiaries, which include India's leading private sector life and general insurance companies.

In addition to her responsibilities at the ICICI Group, Ms. Kocher is a member of the Prime Minister's Council on Trade & Industry, the Board of Trade, High-Level Committee on Financing Infrastructure, US-India CEO Forum and UK-India CEO Forum. She is a member of the boards of the Indian Council for Research on International Economic Relations, National Institute of Securities Markets, Institute of International Finance and International Monetary Conference. She was co-chair of the World Economic Forum's Annual Meeting in 2011.

She was conferred with the Parma Bhutan, one of India's highest civilian honors, in 2011.

Awards and Recognition

2014

Named among Fortune's 50 most powerful women in business for the fourth consecutive year.

2013

Received the 'Mumbai Women Of The Decade' award by ASSOCHAM. Awarded as the Best CEO - Private Sector category at the Forbes India Leadership Awards 2013. Ranked as the most powerful woman in business in India for the third consecutive year in Fortune's list of '50 Most

Powerful Women In Business: The Global 50'. She is also among the four most powerful women in business in the world, according to the list.

Conferred the "AIMA JRD Tata Corporate Leadership Award" 2012. Recipient of the 4th Asian Corporate Director Recognition Awards 2013. Ranked as the most powerful business woman in India in the Forbes list of 'The World's 100 Most Powerful Women

2013'. Received the 'Transformation Leader Award' by NDTV Profit Business Leadership Awards 2012. Featured for the third year in a row in the Power List 2013 of 25 most powerful women in India, by India Today. Is the only Indian to be featured in the Dow Jones list of Most Influential Female Executives in the World of the last

decade. She is ranked 12th in the global list. Awarded the Businessperson Of The Year 2012 by Business India. She is the first woman recipient of this award in 31

years.

2012

Topped the list of "50 Most Powerful Women in Business" by Fortune India. Ranked 18th in Fortune's list of '2012 Businesspersons of the Year'. This is Fortune's annual ranking of 50 global

leaders who are "the best in business". Ranked fifth, for the second consecutive year, in Fortune's international list of "50 Most Powerful Women in Business." Ranked 59th in the World's 100 Most Powerful Women by Forbes. Named amongst the nine Indian women in the Forbes' inaugural "Asia Power Businesswomen" list. Ranked fifth in the list of the "Most Powerful CEOs" in India by The Economic Times and first in the list of "Top

Women CEOs" in the country. Conferred with CNBC Asia's India Business Leader of the year award and CSR award. Named the "Business Person of the Year" by Business India Named amongst the "25 most powerful professional women" in the country by India Today for the second year.

2011

Ranked fifth by Fortune in the International list of "50 Most Powerful Women in Business". Ranked 17th among the "25 Most Powerful CEOs" in Asia by Fortune. Ranked 43rd "Most Powerful Woman" in the world by Forbes. Named among the "50 most influential people in global finance" by Bloomberg Markets magazine. Named among the "two best Indian CEOs "in an annual poll by Finance Asia. Ranked 10th by Financial Times in the "Top 50 Women in World Business". Received the "Global Leadership Award" from the US-India Business Council. Named "Most Powerful Woman in Indian Business" by Fortune India. The first woman to be named as the "Business Leader of the Year" by The Economic Times. Featured in the "Hall Of Fame - Most Powerful Women in Indian Business" by Business Today. Conferred with the "Transformational Business Leader of the Year", award by All India Management Association.

2010

Ranked 10th in the list of "Most Powerful Women in Business" by Fortune. Ranked 92nd in the list of "Most Powerful Women" in the world by Forbes. Conferred with the "Outstanding Woman Business Leader of the Year" award by CNBC TV18. Conferred with the "Banker of the Year Award" by Financial Express. Featured in the list of "30 Most Powerful Women Leaders" in Business Today for eight consecutive years from 2002 to

2010.

ICICI BankFrom Wikipedia, the free encyclopediaJump to: navigation, search

ICICI Bank Limited

Type Private

Traded as

BSE: 532174NSE: ICICIBANKNYSE: IBNBSE SENSEX ConstituentCNX Nifty Constituent

Industry Banking, Financial servicesFounded 1954, INDIAHeadquarters Mumbai, IndiaArea served Worldwide

Key peopleK.V. Kamath (Chairman)Ms.Chanda Kochhar (MD & CEO)

Products

Credit cards, Consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, wealth management

Revenue US$ 13.52 billion (2012)[1]

Operating income

US$ 2.12 billion (2012)[1]

Profit US$ 1.60 billion (2012)[1]

Total assets US$ 98.99 billion (2012)[1]

Total equity US$ 12.62 billion (2012)[1]

Employees 81,254 (2012)[1]

Website www.icicibank.com

ICICI Bank is an Indian multinational bank and financial services company headquartered in Mumbai. Based on 2014 information, it is the second largest bank in India by assets and by market capitalisation. It 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 has a network of 3,539 branches and 11,162[2][3] ATM's in India, and has a presence in 19 countries.[4][5]

ICICI Bank is one of the Big Four banks of India, along with State Bank of India, Punjab National Bank and Bank of Baroda. The bank 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. The company's UK subsidiary has established branches in Belgium and Germany.[6]

In March 2013, Operation Red Spider showing high-ranking officials and some employees of ICICI Bank involved in money laundering. After a government inquiry, ICICI Bank suspended 18 employees and faced penalties from the Reserve Bank of India in relation to the activity.[7][8][9]

[10][11]

Contents

 [hide] 

1 Corporate history 2 Corporate governance 3 Creation of market infrastructure in India 4 Corporate Social Responsibility programmes for Elementary Education 5 Products

o 5.1 'Pockets by ICICI Bank' o 5.2 MySavings Rewards o 5.3 iWish- the flexible recurring deposit

6 Go Green Initiative o 6.1 Objective o 6.2 Green products and services o 6.3 Carbon Footprint Calculator

7 Subsidiaries o 7.1 Domestic o 7.2 International

8 Acquisitions 9 Awards 10 Controversies

o 10.1 Inhuman debt recovery methods o 10.2 Money laundering allegations

11 Credit Rating 12 See also 13 References 14 External links

Corporate history[edit]

ICICI Bank was established by the Industrial Credit and Investment Corporation of India, an Indian financial institution, as a wholly owned subsidiary in 1955. The parent company was formed in 1955 as a joint-venture of the World Bank, India's public-sector banks and public-sector insurance companies to provide project financing to Indian industry.[12][13] The bank was initially known as the Industrial Credit and Investment Corporation of India Bank, before it changed its name to the abbreviated ICICI Bank. The parent company was later merged with the bank.

ICICI Bank launched internet banking operations in 1998.[14]

ICICI's shareholding in ICICI Bank was reduced to 46 percent, through a public offering of shares in India in 1998, followed by an equity offering in the form of American Depositary Receipts on the NYSE in 2000. ICICI Bank acquired the Bank of Madura Limited in an all-stock deal in 2001 and sold additional stakes to institutional investors during 2001-02.

In the 1990s, ICICI transformed its business from a development financial institution offering only project finance to a diversified financial services group, offering a wide variety of products and services, both directly and through a number of subsidiaries and affiliates like ICICI Bank. In 1999, ICICI become the first Indian company and the first bank or financial institution from non-Japan Asia to be listed on the NYSE.[15]

In 2000, ICICI Bank became the first Indian bank to list on the New York Stock Exchange with its five million American depository shares issue generating a demand book 13 times the offer size.

In October 2001, the Boards of Directors of ICICI and ICICI Bank approved the merger of ICICI and two of its wholly owned retail finance subsidiaries, ICICI Personal Financial Services Limited and ICICI Capital Services Limited, with ICICI Bank. The merger was approved by shareholders of ICICI and ICICI Bank in January 2002, by the High Court of Gujarat at Ahmedabad in March 2002 and by the High Court of Judicature at Mumbai and the Reserve Bank of India in April 2002.[16]

In 2008, following the 2008 financial crisis, customers rushed to ICICI ATMs and branches in some locations due to rumours of adverse financial position of ICICI Bank. The Reserve Bank of India issued a clarification on the financial strength of ICICI Bank to dispel the rumours.[17]

Corporate governance[edit]

Group Anti Money Laundering Policy: The ICICI Group AML Policy establishes the standards of AML compliance and is applicable to all activities.[18]

Code of Conduct: ICICI Bank has formulated a Code of Business Conduct and Ethics for its directors and employees.[19]

Creation of market infrastructure in India[edit]

ICICI Bank has contributed to set up different institutions which include the following:

National Stock Exchange

The National Stock Exchange was promoted by India’s leading financial institutions (including ICICI Ltd.) in 1992 on behalf of the Government of India with the objective of establishing a nationwide trading facility for equities, debt instruments and hybrids, by ensuring equal access to investors all over the country through an appropriate communication network.[20]

Credit Rating Information Services of India Limited

In 1987, ICICI Ltd along with UTI set up CRISIL as India's first professional credit rating agency. CRISIL offers a comprehensive range of integrated products and service offerings which include credit ratings, capital market information, industry analysis and detailed reports.[21]

National Commodities and Derivatives Exchange Limited

NCDEX is a professionally managed online multi-commodity exchange, set up in 2003, by ICICI Bank Ltd, LIC, NABARD, NSE, Canara Bank, CRISIL, Goldman Sachs, Indian Farmers Fertiliser Cooperative Limited (IFFCO) and Punjab National Bank.[22]

Financial Innovation Network and Operations Pvt Ltd.

ICICI Bank has facilitated setting up of "FINO Cross Link to Case Link Study" in 2006, as a company that would provide technology solutions and services to reach the underserved and underbanked population of the country. Using cutting edge technologies like smart cards, biometrics and a basket of support services, FINO enables financial institutions to conceptualise, develop and operationalise projects to support sector initiatives in microfinance and livelihoods.[23]

Entrepreneurship Development Institute of India

Entrepreneurship Development Institute of India (EDII), an autonomous body and not-for-profit society, was set up in 1983, by the erstwhile apex financial institutions like IDBI, ICICI, IFCI and SBI with the support of the Government of Gujarat as a national resource organisation committed to entrepreneurship development, education, training and research.[24]

North Eastern Development Finance Corporation

North Eastern Development Finance Corporation (NEDFI) was promoted by national level financial institutions like ICICI Ltd in 1995 at Guwahati, Assam for the development of industries, infrastructure, animal husbandry, agri-horticulture plantation, medicinal plants, sericulture, aquaculture, poultry and dairy in the North Eastern states of India. NEDFI is the premier financial and development institution for the North East region.[25]

Asset Reconstruction Company India Limited

Following the enactment of the Securitisation Act in 2002, ICICI Bank together with other institutions, set up Asset Reconstruction Company India Limited (ARCIL) in 2003, to create a facilitative environment for the resolution of distressed debt in India. ARCIL was established to acquire non performing assets (NPAs) from financial institutions and banks with a view to enhance the management of these assets and help in the maximisation of recovery. This would relieve institutions and banks from the burden of pursuing NPAs, and allow them to focus on core banking activities.[26][27]

Credit Information Bureau of India Limited

ICICI Bank has also helped in setting up Credit Information Bureau of India Limited (CIBIL), India’s first national credit bureau in 2000. CIBIL provides a repository of information (which contains the credit history of commercial and consumer borrowers) to its members in the form of credit information reports. The members of CIBIL include banks, financial institutions, state financial corporations, non-banking financial companies, housing finance companies and credit card companies.[28]

Institutional Investor Advisory Services India Limited (IiAS)

ICICI Bank has indirectly invested, through ICICI Prudential Life Insurance Company, in IiAS. IiAS is a voting advisory firm aka proxy firm, dedicated to providing participants in the Indian market with data, research and commentary. It provides recommendations on resolutions placed before shareholders of over 300 companies.

Corporate Social Responsibility programmes for Elementary Education[edit]

Read to Lead Phase I: Read to Lead is an initiative of ICICI Bank to facilitate access to elementary education for underprivileged children in the age group of 3–14 years including girls and tribal children from the remote rural areas. The Read to Lead initiative supports partner NGOs to design and implement programmes that mobilise parent and community involvement in education, strengthen schools and enable children to enter and complete formal elementary education. Read to Lead has reached out to 100,000 children across 14 states of Andhra Pradesh, Bihar, Delhi, Gujarat, Haryana, Jharkhand, Karnataka, Maharashtra, Orissa, Rajasthan, Tamil Nadu, Tripura, Uttar Pradesh and West Bengal.[29]

Read to Lead Phase II:

In Phase II of the Read to Lead programme, ICICI Bank has supported the establishment of 63 libraries that will reach out to approximately 7,200 children in the rural areas of Jagdalpur block of Bastar district in Chhattisgarh. The programme includes building libraries, sourcing books and conducting various interactive activities to make the library a dynamic centre for learning.[citation

needed]

Products[edit]

'Pockets by ICICI Bank'[edit]

In September 2013, ICICI Bank launched a first of its kind app on Facebook 'Pockets by ICICI Bank' across the globe to enable customers to carry out a wide range of financial transactions on Facebook [30] Customers can access the ICICI Bank app [31] by logging into their Facebook account and then going to the official ICICI Bank Facebook page, and clicking on the tab for Pockets by ICICI Bank. The customer then registers online with their debit card number and PIN, and selecting a new four digit PIN for subsequent logins.[32] Through the app, customers can make payments to friends, recharge prepaid mobile and book movie tickets. One can also carry out non-financial transactions such as accessing a mini statement of their savings bank account, getting demat holding statements, opening fixed or recurring deposit, order a cheque book, stop a cheque payment, upgrade debit card, among others.[33]

Some of the key features of 'Pockets by ICICI Bank' are:

Split n share: It allows customers to split and track group expenses and share them with friends on Facebook. The app also gives the customer the option of sending messages to remind friends on pending payments.

Pay a friend: It allows customers to transfer funds to their friends without knowing their bank account details like account number, bank branch, branch IFSC code etc. Through this facility, customers can create electronic coupons that can be redeemed by their friends on the bank website icicibank.com [34]

MySavings Rewards[edit]

ICICI Bank has rolled-out the programme ‘MySavings Rewards’ from 1 September 2012, where reward points are offered to individual domestic customers for a variety of transactions done through the savings bank account. Reward points are offered automatically to customers for activating Internet banking, shopping online/ paying utility bills with Internet banking and auto-debit from savings account towards equated monthly installments for home/ auto/ personal loan/ recurring deposit. Customers are required to maintain a monthly average balance of 15,000 or more.[35]

Customers can redeem their reward points by

logging into his ICICI Bank internet banking account Calling up customer care Walking into the nearest ICICI Bank branch

iWish- the flexible recurring deposit[edit]

iWish is a flexible recurring deposit product launched by ICICI Bank for its savings account customers. iWish is a fun and flexible way to encourage savings among youth for fulfilling aspirations. Unlike a traditional recurring deposit, iWish allows customers to save varying amounts of money at any time of their choice. Customers can create several goals and track their progress on an easy-to-use online interface. They can also share their wishes on Facebook and let their friends and family be a part of their dreams by contributing to their account from any bank account. There will be no penalties if a customer misses his monthly contribution to the recurring deposit. The minimum duration is six months and a customer can open this account starting with 500.[36]

The key features of iWish are:

Flexibility: Flexible recurring deposit allows a customer to deposit any amount at any point of time. Customers also have an option of depositing money by giving a standing instruction.

Better returns: Customers can earn recurring deposit interest rates on their iWish account while enjoying the freedom of not having to deposit every month.

Sharing: Customers can choose to share their wishes on Facebook and let their friends and family be part of their dreams.

Contributions: iWish gives an opportunity to the family and friends of a customer to contribute and help him attain his aspirations faster. Contributions can be made from any bank account using a VISA debit card.

ICICI Bank has developed this product in collaboration with Social Money.

Go Green Initiative[edit]

The Go Green Initiative is an organisation wide initiative that moves beyond moving people, processes and customers to cost effective automated channels to build awareness and consciousness of our environment,our nation and our society.[37]

Objective[edit]

ICICI Bank’s Green initiative is to make healthy environment in the organisation i.e.; to create intrapersonal skills amongs the customer and understanding between employees of the organisation.

Broad objectives of the ICICI are:

(a) to assist in the creation, expansion and modernisation of private concerns;

(b) to encourage the participation of internal and external capital in the private concerns;

(c) to encourage private ownership of industrial investment.

Green products and services[edit]

Instabanking

It is the platform that brings together all alternate channels under one umbrella and gives customers the option of banking through Internet banking, i-Mobile banking, IVR Banking. This reduces the carbon footprint of the customers by ensuring they do not have to resort to physical statements or travel to their branches.[37]

Vehicle Finance

As an initiative towards more environment friendly way of life, Auto loans offer 50% waiver on processing fee on car models which uses alternate mode of energy. The models identified for the purpose are, Maruti's LPG version of Maruti 800, Omni and Versa, Hyundai's Santro Eco, Civic Hybrid of Honda, Reva electric cars, Tata Indica CNG and Mahindra Logan CNG versions.[37]

Carbon Footprint Calculator[edit]

Inputs include region, user input of the distance traveled in a particular medium of transport daily, electricity consumed per month and LPG cylinder/piped natural gas used per month. It calculates the net carbon footprint to create awareness and sensitize people about the environment.It also shows the world's and India's average carbon footprint.[38][39]

Subsidiaries[edit]

Domestic[edit]

ICICI Prudential Life Insurance Company Limited ICICI Lombard General Insurance Company Limited ICICI Prudential Asset Management Company Limited ICICI Prudential Trust Limited ICICI Securities Limited ICICI Securities Primary Dealership Limited ICICI Venture Funds Management Company Limited ICICI Home Finance Company Limited ICICI Investment Management Company Limited ICICI Trusteeship Services Limited ICICI Prudential Pension Funds Management Company Limited [40]

International[edit]

ICICI Bank UK PLC ICICI Bank Canada ICICI Bank Eurasia Limited Liability Company ICICI Securities Holdings Inc. ICICI Securites Inc. ICICI International LImited

Acquisitions[edit]

1996: SCICI Ltd. A diversified financial institution with headquarters in Mumbai 1997: ITC Classic Finance. Incorporated in 1986, ITC Classic was a non-bank financial

firm that engaged in hire,m purchase, and leasing operations. At the time of being acquired, ITC Classic had eight offices, 26 outlets, and 700 brokers.

1998: Anagram Finance. Anagram had built up a network of some 50 branches in Gujarat, Rajasthan, and Maharashtra that were primarily engaged in retail financing of cars and trucks. It also had some 250,000 depositors.

2001: Bank of Madurai 2002: The Darjeeling and Shimla branches of Grindlays Bank 2005: Investitsionno-Kreditny Bank (IKB), a Russian bank 2007: Sangli Bank. Sangli Bank was a private sector unlisted bank, founded in 1916, and

30% owned by the Bahte family. Its headquarter were in Sangli in Maharashtra, and it had 198 branches. It had 158 in Maharashtra and 31 in Karnataka, and others in Gujarat, Andhra Pradesh, Tamil Nadu, Goa, and Delhi. Its branches were relatively evenly split between metropolitan areas and rural or semi-urban areas.

2010: The Bank of Rajasthan (BOR) was acquired by the ICICI Bank in 2010 for 3,000 crores. RBI was critical of BOR's promoters not reducing their holdings in the company. BOR has since been merged with ICICI Bank.

Awards[edit]

2004

Best Bank in India Award presented by Euromoney Magazine[41]

2007

ICICI Bank has been conferred the Euromoney Award 2007 for the Best Bank in the Asia-Pacific Region[42]

ICICI Bank wins the Excellence in Remittance Business award by The Asian Banker[43]

2009

ICICI Bank bags the "Best bank in SME financing (Private Sector)" at the Dun & Bradstreet Banking awards[44]

2011

ICICI Bank is the only Indian brand to figure in the BrandZ Top 100 Most Valuable Global Brands Report, second year in a row[45]

ICICI Bank ranked 5th in the list of "57 Indian Companies", and 288 th in World Rankings in Forbes Global 2000 list.[46]

ICICI Bank has won the "Banking Technology Awards 2010" at The Indian Banks Association in the following categories[47]

ICICI Bank was recognised for its Special Citation of the Fully Electronic Branch Service Channel, first set up at Hiranandani Estate, Thane, at the Financial Insights Innovation Awards held in conjunction with Asian Financial Services Congress[48]

For the second year in a row, ICICI Bank was ranked 70th in the Brandirectory league tables of the worlds most valuable brands by, The BrandFinance® Banking 500[49]

ICICI Bank was ranked 1st in the Banking and Finance category and 9th in the "2010 Best Companies To Work For" by Business Today[50]

ICICI Bank UK, HiSAVE product range has been awarded the Consumer Moneyfacts Awards 2011 for the 'Best Online Savings Provider'[51]

For the second consecutive year, ICICI Bank was ranked second in the "India's 50 Biggest Financial Companies", in The BW REAL 500 by Business World[52]

ICICI Bank was one of the winners in the Global Awards for Enterprise & IT Architecture Excellence. ICICI Bank bagged the award in the ‘Business Intelligence and Analytics' category.[53]

The Brand Trust Report ranks ICICI among the top 4 most trusted financial institutions.[54]

ICICI Bank awarded "House Of The Year (India)", by Asia Risk magazine, for eighth time in a row since 2004[55]

ICICI Bank awarded the most Tech-friendly Bank award by Business World[56]

ICICI Bank received the Best Trade Finance Bank in India by The Asset Triple A Award, Hong Kong[57]

ICICI Bank is the first and the only Indian brand to be ranked as the 45th most valuable global brand by BrandZ Top 100 Global Brands Report[58]

2012

Airtel, ICICI among 'top 100 global brands' [59]

ICICI Bank won the "Best Bond House (India) 2011", by IFR Asia [60]

ICICI Bank awarded the Best Bank (India) by Global Finance [61]

ICICI Bank won the "Century International Quality Era Award" at Geneva [62]

ICICI Bank was awarded the "Best Foreign Exchange Bank (India)" by Finance Asia Country Awards.[63]

ICICI Bank received the "Dataquest Technology Innovation Awards 2012" for Data centre migration by Dataquest.

ICICI Bank was conferred the Best Performance Award for Self Help Group (SHG) Bank Linkage Programme in NABARD's State Level Awards announced by their Maharashtra Regional Office. The Bank received the first prize for the year 2010-11 in the Private Sector Bank category and 2nd runner up for the year 2011-12 in the Commercial Bank category.

For the second consecutive year, ICICI Bank won the NPCI's NFS Operational Excellence Awards in the MNC and Private Sector Banks Category for its ATM network.

Mr.K.V.Kamath was awarded the "Hall Of Fame" by Outlook Money for his long standing contribution in the financial services sector.[64]

ICICI Bank won the Best Bank - India Award by The Banker.[65]

Ms. Chanda Kochhar ranked 18th in the Fortune's list of '2012 Businesspersons of the Year'. The 50 global leaders is Fortune's annual ranking of leaders who are "the best in business".[66]

Ms. Chanda Kochhar tops the list of "50 Most Powerful Women in Business" by Fortune India.

ICICI Bank tops the list of "Private sector and Foreign Banks" by Brand Equity, Most Trusted Brands 2012. It ranks 15th in the "Top Service 50 Brands".[67]

For the third consecutive year, ICICI Bank ranked second in "India's 50 Biggest Financial Companies" in The BW Real 500 by Businessworld.[68]

For the second year in a row, Ms. Chanda Kochhar, Managing Director & CEO was ranked 5th in the International list of 50 Most Powerful Women In Business by Fortune.

ICICI Bank tops the list of most fans in India and globally ranks fifth amongst financial institutions on Facebook in the social media engagement study conducted by Ketchum Sampark.[69]

ICICI Bank in the Private Sector Bank category won the Best Technology Bank Of The Year, Best Financial Inclusion Initiative and Best Use Of Technology In Training and e-Learning by Indian Bank's Association (IBA) Technology Awards. The Bank also received the first runner up for Best Online Bank, Best Customer Relationship Initiative and Best Use Of Mobility Technology in Banking by IBA Technology Awards .

ICICI Bank awarded the Best SME Bank for Treasury and Working Capital (India) by The Asset Triple A.[70]

ICICI Bank received the Best Trade Finance House and Best Cash Management House by The Corporate Treasurer Alliance Country Awards.[71]

ICICI Bank awarded the Best Private Sector Bank in Global Business Development, Rural Reach and SME financing categories by Dun & Bradstreet - Polaris Financial Technology Banking Awards.[72]

2013

ICICI Bank has been adjudged winner at the Express IT Innovation Award under the Large Enterprise category[73]

ICICI Bank wins awards under the categories of 'Most Innovative Bank' and 'Most Innovative use of Multi-Channel Infrastructure' at the Indian Bank's Association's BANCON Innovation Awards 2013.

ICICI Bank won the Asian Banking & Finance Retail Banking Award 2013 for the Online Banking Initiative of the Year [74]

ICICI Bank won an award under the Social Media category at the InformationWeek EDGE Award [75]

Ms. Chanda Kochhar, MD and CEO has been awarded as the Best CEO - Private Sector category at the Forbes India Leadership Awards 2013.[76]

Ms. Chanda Kochhar, MD & CEO, has been named as the most powerful woman in business in India for the third consecutive year in Fortune's list of '50 Most Powerful Women In Business: The Global 50'. She is also among the four most powerful women in business in the world, according to the list.[77]

ICICI Bank received the award for 'Best Private Sector Banker' by the Sunday Standard Best Bankers Awards 2013.[78]

ICICI Bank has been awarded the 'Best Banker - All round expansion' by the Sunday Standard Best Bankers Awards 2013.

ICICI Bank won 'Best Banker - Efficiency & Profitability' by the Sunday Standard Best Bankers Awards 2013.

Mr KV Kamath, Chairman, receives the "AIMA Managing India" Award for "Outstanding Institution Builder"[79]

Ms Chanda Kochhar, MD & CEO, receives the "AIMA JRD Tata Corporate Leadership Award" 2012 [80]

ICICI Bank has won the Trade Finance Magazine Award for Excellence 2013, under the category of 'Asia Pacific Awards : Best Trade Bank in India'[81]

ICICI Bank received the Asian Banking & Finance Wholesale Banking Awards 2013 for the India Domestic Trade Finance Bank of the Year

ICICI Bank Limited has been awarded as the Best Private Sector Bank under the category Global Business Development for the Dun & Bradstreet - Polaris Financial Technology Banking Awards 2013[82]

ICICI Bank has been one of the recipients of the Corporate Governance Asia Annual Recognition Awards 2013

Ms Chanda Kochhar, MD & CEO, is one of the recipients from India, for the 4th Asian Corporate Director Recognition Awards 2013 [83]

ICICI Bank has won the Best Bank Award for Use of IT for Business Innovation Among Large Banks from the Institute for Development and Research in Banking Technology (IDRBT)

ICICI Bank has received the Special Award for Best IT Team Among Private Sector Banks from the Institute for Development and Research in Banking Technology (IDRBT)

ICICI Bank won the Special Award for Electronic Payment Systems Among Large Banks from the Institute for Development and Research in Banking Technology (IDRBT)

ICICI Bank receievd Special Award for Mobile Banking Among Large Banks from the Institute for Development and Research in Banking Technology (IDRBT)[84]

ICICI Bank ranks 10th in Fortune India's list of 50 most admired companies in India.[85]

Ms. Chanda Kochhar, MD & CEO, was ranked as the most powerful business woman in India in Forbes' list of 'The World's 100 Most Powerful Women 2013'.[86]

ICICI Bank Limited has been conferred the Best Remittance Business award at The Asian Banker's International Excellence in Retail Financial Services 2013 Awards ceremony.

ICICI Bank was honored with the Medici Innovation Hall of Fame Award, instituted by The Medici Institute in collaboration with the Medici Group, USA.

ICICI Bank and its IT partner Fundtech won The Asian Banker Technology Implementation Award for the Convergence Banking project from Asian Banker.

Ms Chanda Kochhar received the 'Transformation Leader Award' by NDTV Profit Business Leadership Awards 2012.

For the second consecutive year, Mr. N.S.Kannan, Executive Director & CFO, received the "Best Performing CFO", in the Banking / Financial Services category by CNBC - TV 18.

Ms. Chanda Kochhar, MD & CEO, was also featured in the Power List 2013 of 25 most powerful women in Inda by India Today, for the third year in a row.[87]

Ms. Chanda Kochhar is the only Indian to be featured in the Dow Jones list of Most Influential Female Executives in the World of the last decade. She is ranked 12th in the global list.

ICICI Bank awarded the Most Admired Infrastructure Debt Financer and PPP Project of the Year: Yamuna Expressway Project, in the 5th KPMG Infrastructure Today Awards by ASAPP Media Information Group[88]

For the 4th consecutive year, ICICI Bank won the Celent Model Bank for the next generation technology oriented banking solutions.

ICICI Bank was awarded a "Special IT Innovation Award" by Lenovo - NASSCOM and CNBC-TV18.

ICICI Bank was the winner of "6th Loyalty Awards" for My Savings Rewards by AIMIA (global leader in Loyalty).

ICICI Bank UK PLC's online savings product HiSAVE won the "Highly Commended" (2nd rank) at the Consumer Moneyfacts Awards.

ICICI Bank received the "Gram Samvad",Service for Low cost/Small budget marketing initiative Award by Rural Marketing Association of India (RMAI).

Ms. Chanda Kochhar awarded the Businessperson Of The Year 2012 by Business India. She is the first woman recipient of this award in 31 years.

ICICI Bank won the Best domestic bank, India by The Asset Triple A Country Awards.[89]

Controversies[edit]

Inhuman debt recovery methods[edit]

A few years after its rise to prominence in the banking sector, ICICI bank faced allegations on the recovery methods it used against loan payment defaulters. A number of cases were filed against the bank and its employees for using "brutal measures" to recover the money. Most of the allegations were that the bank was using goons to recover the credit card payments and that these "recovery agents" exhibited inappropriate and in some cases, inhuman behavior. Incidents were reported wherein the defaulters were put to "public shame" by the recovery agents.

The bank also faced allegations of inappropriate behavior in recovering its loans. These allegations started initially when the "recovery agents" and bank employees started threatening the defaulters. In some cases, notes written by the bank's employees asking the defaulters to "sell everything in the house including family members", were found. Such charges faced by the bank rose to a peak when suicide cases were reported wherein the suicide notes spoke of the Bank's recovery methods as the cause of the suicide. This led to a lot of legal battles and the bank paying huge compensations.[90][91][92]

Money laundering allegations[edit]

ICICI Bank was one of the leading Indian banks accused of blatant money laundering through violation of RBI guidelines in the famous CobraPost[93] sting operation which shook up Indian banking industry during April–May 2013.[94]

On 14 March 2013 the online magazine Cobrapost released video footage from Operation Red Spider showing high-ranking officials and some employees of ICICI Bank agreeing to convert black money into white, an act in violation of Money Laundering Control Act. The Government of India and Reserve Bank of India ordered an inquiry following the exposé. On 15 March 2013, ICICI Bank suspended 18 employees, pending inquiry.[7][8][9] On 11 April 2013 Deputy Governor of RBI, H R Khan reportedly told that the central bank is initiating action against ICICI Bank in connexion with allegations of money laundering.[10][11]

Credit Rating[edit]

On account of the growing concerns over India's sovereign debt ratings,credit ratings agency Moody's lowered the ratings for ICICI Bank from Baa3 to Baa2 in May 2012.[95][96]

ICICI Bank is India's largest private sector bank with total assets of Rs. 5,367.95 billion (US$ 99 billion) at March 31, 2013 and profit after tax Rs. 83.25 billion (US$ 1,533 million) for the year ended March 31, 2013. The Bank has a network of 3,611 branches and 11,162 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).HistoryICICI Bank was originally promoted in 1994 by ICICI Limited, an Indian financial institution, and was its wholly-owned subsidiary.Learn more.........................................................Board of DirectorsICICI Bank's Board members include eminent individuals with a wealth of experience in international business, management consulting, banking and financial services.Learn more.........................................................Investor RelationsAll the latest, in-depth information about ICICI Bank's financial performance and business initiatives.Learn more.........................................................Career OpportunitiesExplore diverse openings with India's second-largest bank.Learn more

AwardsTime and again our innovative banking services has been recognized and rewarded world over.Learn more.........................................................

News RoomCatch up with ICICI Bank's latest business and social initiatives, as well as innovative product launches.

Learn more.........................................................Corporate Social ResponsibilityICICI Bank is deeply engaged in human and economic development at the national level. The Bank works closely with ICICI Foundation across diverse sectors and programs.Learn more.........................................................

Private Banking

Khayaal Aapka Moments

Contact Us

ICICI Bank opens training academy as part of CSR activitiesPTI    Jaipur   Last Updated: October 4, 2013  | 18:32 IST Tags: ICICI Bank | Chanda Kochhar | CSR | corporate social responsibilitySTORY TOOLS

Change font size Print this story E-Mail this story Comment

ICICI Bank has opened a skill training academy in Jaipur as part of its Corporate Social Responsibility (CSR) efforts, to provide vocational training to youth from economically weaker section of the society.

"The vocational training course will provide sustainable livelihood opportunities to the beneficiaries," ICICI Bank Managing Director and Chief Executive Chanda Kochhar said in Jaipur.

'Around 62 per cent of total population is in the productive age group of 15-59 years. Over 60 per cent of our population will be in the productive age group till at least 2060.'

"The launch marks the next step in our strategy to promote inclusive growth in India, will train 5,000 youth at nine training centres across the country in the first year of operation," she said, adding, the academy aims to train 15,000 youth across the country by 2016.

The courses offered will include selling skills, office administration and web design for graduates; and electrical & home appliance repair, refrigeration & air-conditioning repair, and diesel generator & pump repair for Class X passouts, Kochhar said, adding that the courses will be of about 12 weeks duration.

'Our youth in the age group of 18 to 30 years constitutes about 24 per cent of the total population. There are some critical challenges we need to address'

She said the bank is already close to the target of spending 2 per cent of average profits on activities relating to CSR that has been mandated in the new Companies' law.

"We are very close to this target as we have been expanding to new initiatives over time. The

formal reporting on the per cent of profit used for CSR would be started from next year," she said.

'About 25 per cent of the incremental global workforce over the next two decades will come from india. This poses a significant challenge for the country in terms of job creation and the immediate need for skill building'

Apart from Jaipur, Kochhar said, the skill development centres would be set up in Coimbatore, Chennai, Hyderabad, etc through the ICICI Foundation.

The bank is setting up residential centres in Jaipur, Sangli and Coimbatore and non-residential centres in Bangalore, Chennai, Hyderabad, Jaipur and Pune. The bank is also exploring the possibility of a centre in eastern India, Kochhar said.

'We must significantly expand vocational education focused on specific job skills'

"In the last five years, we have significantly expanded our efforts with a sharp focus on four key areas that are essential enablers for widespread participation in economic opportunities in the country education, healthcare, skill development for sustainable livelihoods and financial inclusion," she said.

Read to Lead Phase I: Read to Lead is an initiative of ICICI Bank to facilitate access to elementary education for underprivileged children in the age group of 3–14 years including girls and tribal children from the remote rural areas. The Read to Lead initiative supports partner NGOs to design and implement programmes that mobilise parent and community involvement in education, strengthen schools and enable children to enter and complete formal elementary education. Read to Lead has reached out to 100,000 children across 14 states of Andhra Pradesh, Bihar, Delhi, Gujarat, Haryana, Jharkhand, Karnataka, Maharashtra, Orissa, Rajasthan, Tamil Nadu, Tripura, Uttar Pradesh and West Bengal.[29]

Read to Lead Phase II:

In Phase II of the Read to Lead programme, ICICI Bank has supported the establishment of 63 libraries that will reach out to approximately 7,200 children in the rural areas of Jagdalpur block of Bastar district in Chhattisgarh. The programme includes building libraries, sourcing books and conducting various interactive activities to make the library a dynamic centre for learning.

NDIACSR News Network

CHENNAI: ICICI Academy for Skills (ICICI Academy) has announced the launch of a centre in Chennai to provide vocational training to the youth from the economically weaker sections to help them earn a sustainable livelihood.

The centre will offer courses on three disciplines- selling skills, office administration and web designing- for graduates. ICICI Academy has formalised the content of the courses for office administration and web designing in consultation with best-in-class knowledge partners namely, Tally Solutions Pvt. Ltd and NIIT Ltd, respectively. The Bank will use in-house expertise to impart the training on selling skills. Together with the partners, ICICI Academy aims to provide world class content and training.

ICICI Foundation for Inclusive Growth (ICICI Foundation) started the ICICI Academy in line with its plan to promote inclusive growth. ICICI Academy aims to train 5,000 youth at nine training centres across the country in the first year of operation. It aims to train 15,000 youth across the country by the year 2016.

Announcing the launch, N.S. Kannan, Executive Director, ICICI Bank said: “The ICICI Group is carrying forward its long tradition of partnering in nation-building, through its business and CSR initiatives. The ICICI Academy for Skills is aimed at equipping the youth with the skills that will enable them to earn sustainable livelihoods and participate in the economy. Through this initiative, we are working towards realising the immense potential of India’s demographic dividend.”

Over the past five years, the ICICI Group and ICICI Foundation’s CSR philosophy has been focusing on four key areas namely elementary education, primary healthcare, skill development for sustainable livelihoods and financial inclusion, enabling people to participate in the economic opportunities arising in India. These initiatives have impacted the lives of more than 10 million people across the country.

After launching its maiden centre in Jaipur last month, ICICI Academy is setting up centres in Chennai, Hyderabad, Bangalore and Pune this week. It has also firmed up plans for centres in Coimbatore, Sangli, Patna and Guwahati.

In addition to offering training free of cost, ICICI Academy will provide uniforms, meals and all relevant course material to the students. Each centre will also have a library for the students to use.

 

(1 votes, average: 1.00 out of 5)

« Previous EntrySamsung Korea Employees set up ‘SAMSUNG Smart Class’ in Sriperumbudur (Tamil Nadu) Under Employee Volunteer Program

Next Entry »International Symposium on CSR in Bangalore at Amrita University Campus on 12-13 December

NMDC sponsors 25 tribal girls for nursing course

Carbon Disclosure Leadership Index for the Carbon Disclosure Project in India

Vedanta Commits to Environment, to Plant One Lakh Sapling at Lanjigarh

NRL to Promote Football in Assam Under CSR

Tata Steel Announces Annual Bonus Packege for Workers

Jubilant FoodWorks Employees Steps Out to Promote Road Safety in Urban India

Vedanta Renovates DRDA Conference Hall at Jharsuguda

ECCO in Ladakh, Spreading Happiness

CSR & COMPETITIVENESS: September Edition Available

Sanofi Partners with PVR Nest for Innovative ‘Healthy Children, Happy Children’ Initiative

Around Rs 22,000 crore to enter social sector as India Inc steps up CSR plans

Samabhavana Society Organizes 3Cs (Capacity, Capability and Connects) Training Workshop

Short URL:

Tags:

,CSR & Competitiveness, CSR journal, CSR Leaders and CSR Magazine, CSR Magazine, CSR News for Magazine, CSR News Magazine in India, CSR of ICICI Bank, CSR Publication in India, Executive Director, ICICI Academy for Skills, ICICI bank, ICICI Foundation, Indian CSR Magazine, N.S. Kannan, Only CSR Magazine in India

You are browsing entries tagged with “ICICI bank”

ICICI Academy for Skills Launches Centre in Chennai

http://www .in

  INDIACSR News Network CHENNAI: ICICI Academy for Skills (ICICI Academy) has announced the launch of a centre in Chennai to provide vocational training to the youth from the economically weaker sections to help them earn a sustainable livelihood. The centre will offer courses on three disciplines- selling skills, office administration and web designing- for […]

Read More...

28 Nov 2013

Posted by

indiacsr

Posted in

Corporate

Comments

Comments Off

Tags

CSR & Competitiveness, CSR journal, CSR Leaders and CSR Magazine, CSR Magazine, CSR News for Magazine, CSR News Magazine in India, CSR of ICICI Bank, CSR Publication in India, Executive Director, ICICI Academy for Skills, ICICI bank, ICICI Foundation, Indian CSR Magazine, N.S. Kannan, Only CSR Magazine in India

ICICI Bank Launches 20 Gramin Branches Across Rajasthan Under Financial Inclusion Plan

INDIACSR News Network THIKARIA: ICICI Bank Limited, India’s largest private sector bank, said that it has started 20 new Gramin branches across Rajasthan as part of its financial inclusion plan that aims at providing banking services in unbanked villages. All these branches have been opened in small villages, which were so far devoid of any […]

Read More...

06 Aug 2013

Posted by

indiacsr

Posted in

Corporate

Comments

Comments Off

Tags

Bank in Rajasthan, Corporate Responsibility, Corporate Responsibility of Banks, CSR & Competitiveness, CSR & Competitiveness Magazine, CSR Magazine, Financial Inclusion Plan, Financial Inclusion Plan of ICICI Bank, ICICI bank

RBI Fines HDFC Bank, Axis & ICICI Rs 1-5 cr for Violating NormsThe Reserve Bank of India (RBI) on 10 June 2013, Monday slapped Rs 1 – 5 crore fine on three large private sector lenders – ICICI Bank, HDFC Bank and Axis Bank for violating norms. The Reserve Bank of India (RBI) on Monday slapped Rs 1 – 5 crore fine on three large private sector […]

Read More...

11 Jun 2013

Posted by

indiacsr

Posted in

Corporate

Comments

Comments Off

Tags

Axis Bank, HDFC Bank, ICICI bank, RBI governor D Subbarao, The Reserve Bank of India

ICICI Bank Organises ‘Kisan Sampark Programme‘ in 100 VillagesINDIACSR News Network LUDHIANA: ICICI Bank Limited, India’s largest private sector bank, today organised ‘Kisan Sampark Programme’ in Punjab and Haryana, as part of its financial inclusion plan that aims at providing banking services in unbanked villages. The Kisan Sampark Programme was simultaneously conducted in 100 villages and saw attendees from over 400 villages of […]

Read More...

05 Jun 2013

Posted by

indiacsr

Posted in

Corporate

Comments

Comments Off

Tags

Bank and Farmer, CSR of ICICI Bank, ICICI bank, Kisan Credit Card, Kisan Sampark Programme

Listed Companies May Have to Spend Rs 8,000 Crore on Corporate Social ResponsibilityListed profit-making companies could spend up to Rs 8,000 crore on CSR activities if they are able to hit a target of 2% of net profits, stipulated in the new Companies Act approved by the Lok Sabha on Tuesday. MUMBAI: Listed profit-making companies could spend up to Rs 8,000 crore on corporate social responsibility (CSR) […]