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GSL rating
Beginning of cooperation
July, 2023
Last contact
November, 2024
Last update
October, 2023
ICICI Bank is the third largest bank in India, incorporated in 1994;
opens accounts only for local companies, it does not work with non-residents;
opening an account requires a visit to the bank by the director of the company;
cards can be issued;
Internet bank in English;
account opening period, please check with your consultant
ICICI was formed in 1955 on the initiative of the World Bank, the Government of India and representatives of Indian industry. ICICI Bank was incorporated in 1994 as part of the ICICI Group. In 1999, ICICI became the first Indian company and the first non-Asian bank or financial institution other than Japan to be listed on the New York Stock Exchange
Personnel
Staff speaks English
Bank’s shareholders
Life Insurance Corporation of India (Investment Portfolio) - 6,141%; SBI Funds Management Ltd. - 5,852%; ICICI Prudential Asset Management Co. Ltd. - 3,163%; GIC Pte Ltd. (Investment Management) - 2,701%; HDFC Asset Management Co. Ltd. (Invt Mgmt) - 2,497% etc.
Confidentiality
Judicial Cooperation Agreement with Russia is signed; Double Taxation Agreement with Russia is signed; AML legislation is strictly observed
The bank offers a wide range of services including online money transfer and tracking services, current, savings accounts, time deposits, regular deposits, mortgage prepaid and debit cards, ICICI credit cards; VISA digital wallet
Credit/debit cards
Yes
Account opening procedure
Days to open for incoming transfers
Case by case
Days to open for outcoming transfers
Case by case
References
Not necessary
Purpose of the account
Savings & current
Visit to the bank
Opening an account requires a personal visit of the director of the company to the bank
Required
Completed bank forms, client passport / ID, standard set of corporate documents, etc.
Types of accounts
Savings; Current
Chances to open an account
Predictable
Business description
Requirements to the description of the activity are standard: a story about the current state of the business and its formation, disclosure of the source of origin of funds, biography of the account beneficiary and contact information
India is gradually becoming a fully-fledged player on the international market. It is no secret that the country attracts a growing number of foreign investors an...
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