What it does: ICICI Bank offers a wide range of net banking services and personal banking services like accounts and deposits, cards, loans, insurance and investment products to meet your banking needs.
Mission: Its mission is to expand its business on a global scale, playing a significant role in India’s economic potential, and risk management, and positively contributing to the markets in which they operate through digital initiatives and stellar performance in high levels of governance and ethics.
Size and Presence: ICICI Bank has over 97,354 employees globally across 17 countries, with a network of 5,418 branches across India.
Best Known for: ICICI Bank is well known for its best performance among several other private banks in India and globally. The bank is also known for its best payment initiatives and extensive use of Fintech adoption to improve the delivery of its financial services.
The Good Bits: This is a good start for freshers who are interested in building their careers in the banking sector and are also open to learning new things. It has a friendly environment, good exposure to networking for sales, and a very good collaborative and innovative culture.
The Not so Good Bits: At times, there are long working hours and sales pressure to reach targets.
ICICI Bank was established in the year 1994 in Vadodara. However, the official launch of the parent company was done on January 5th, 1995, with the initiative of the World Bank, the Indian government, and leaders from the Indian industry. Until late 1980, its primary focus was on providing funds and financial assistance to long-term and mid-term industrial projects. In 1990, its focus shifted from projects to diversified financial services.
In 1999, ICICI Bank was recognised as the first financial institution from non-Japan Asia to be listed on the New York Stock Exchange and saw an equity offering in the year 2000. In 2001 and 2002, ICICI Bank emerged as an institutional investor. In October 2001, the merging of ICICI and two of its retail financing services was completed with ICICI Bank. It was approved by the various judicial bodies and the Reserve Bank in the year 2002. ICICI Bank announced a new service called 'ICICIStack' to provide uninterrupted banking services to its customers during the coronavirus outbreak.
ICICI Bank provides a good working culture and strong working policies for its employees. It has a friendly environment and is the best place to start a career in the banking sector. At ICICI Bank, one-third of the workforce is fueled by women. The several benefits that a woman enjoys in a progressive work culture are:
ICICI Bank offers several paid leadership and training programmes to attract young talent interested in a career in the banking sector. It also provides performance bonuses, retirement plans, pension plans, and employee discounts for its dedicated employees.
ICICI Bank has a leveraged recruitment process. Everyone has the comfort of attending online interviews. They also conduct campus recruitment for various B-school students who can innovate and venture into uncharted territory. A new candidate has to register in the 'talent database', where their profile is evaluated. And then they follow a multi-stage recruitment process from application to joining the bank.
ICICI Bank provides diversified opportunities for freshers as well as for experienced levels by offering certified courses and leadership programmes at various levels. It is the best place for freshers to work and get updated with the latest Fintech applications.
The various leadership development programmes like the Business Leadership Program, Probationary Officer Program, and Relationship Officer Academy introduced by ICICI Bank have a diversified opening for the selected applicants. Whoever completes their training will be absorbed at ICICI Bank at a manager band 1 level followed by selection. ICICI Bank also provides opportunities for summer internships and encourages women through special recruitment drives.
ICICI Bank pays its employees an average of INR 516,036 a year. Depending on the job position the salaries at ICICI Bank range from an average of INR 198,212 to INR 1,420,604 a year.
ICICI Bank is committed to corporate social responsibility (CSR). They meet specific goals in socio-economic development. The activities such as livelihood initiatives, financial inclusive programmes and social awareness programmes are largely implemented directly or through the ICICI Foundation for Inclusive Growth.