Who is The Founder of ICICI Bank of India? When Was it Established?

Answer: Industrial Credit and Investment Corporation of India is an Indian Financial Organization founded by ICICI Bank as a Wholly Owned Subsidiary on 5th January 1955. The main objective is to provide medium-term and long-term financial assistance to businesses within the country.  The establishment of ICICI Bank is a collaborative effort of the World Bank, The Government of India and the Indian Industry Representatives. Therefore, it is not founded by any individual or individual entity. Rather, it’s a product of the joint efforts of the above three organisations.

It was incorporated as a part of the ICICI group in 1994.