Friday , 21 October 2016
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ICICI Bank Expands Semi-Urban & Rural Network in Karnataka; Opens Five New Branches

ICICI Bank Ltd, India’s largest private sector bank, inaugurated five new branches in the villages of Sagar, Channagiri, Harihar, Devadurga and Lingasugur in Karnataka. Each branch houses a 24×7 ATM at its premises.


Mr. Sathish Kumar, Assistant Commissioner (Sagar Sub-Division) inaugurated the branch at Sagar, while the Channagiri branch was inaugurated by Ms. S. Padmakumari, Tahasildar and Taluk Magistrate, Govt. of Karnataka (Channagiri).  Mr. D M Halaswamy, Vice President, SJVP College (Harihar) inaugurated the Harihar branch. The branch at Devadurga was inaugurated by Mr. Shivasharanappa Kattoli, Tahasildar and Taluk Magistrate, Govt. of Karnataka (Devadurga), while the Lingasugur branch was inaugurated by Dr. Selvamani R. (IAS), Assistant Commissioner (Lingasugur Sub-Division).


Other dignitaries who also graced the events were, Mr. HS Shivakumar, President, The Thota Uthpannagala Marketing Co-operative Society Ltd at Channagiri; Mr. B S Patil, Commissioner, City Municipal Council at Harihar; Mr. Babu Rathod, Executive Officer, Taluk Panchayat at Devadurga and Dr. Prabhakar Sangurmath, General Manager, Hatti Gold Mines at Lingasugur.


These branches will remain open from 9:30 am to 4.30 pm on Monday to Friday as well as on the first, third and fifth Saturday of the month.


They will also offer a comprehensive range of loans and deposits including saving, current and term deposits, farmer finance, gold and personal loans, tractor and auto loans, commodity- based finance as well as NRI services.


ICICI Bank has 4,450 branches and 13,766 ATMs in the country (as on March 31, 2016). It has 262 branches and nearly 1300 ATMs across Karnataka along with 23 fully automated ‘Touch Banking’ branches which are available 24 hours on all days.


ICICI Bank services its large customer base through a multi-channel delivery network of branches, ATMs, call center, internet banking (, mobile banking, banking on Facebook & Twitter and ‘Pockets by ICICIBank’ the country’s first digital bank on mobile.


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About ICICI Bank Ltd.

ICICI Bank Ltd (NYSE:IBN) is India’s largest private sector bank with consolidated total assets of US $ 138.67 billion at March 31, 2016. Its subsidiaries include India’s leading private sector insurance companies, securities brokerage firms, mutual funds and private equity firms. ICICI Bank’s presence currently spans 17 countries, including India.


Except for the historical information contained herein, statements in this release, which contain words or phrases such as ‘will’, ‘would’, etc., and similar expressions or variations of such expressions may constitute ‘forward looking statements’. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to our ability to obtain statutory and regulatory approvals and to successfully implement our strategy, future levels of non-performing loans, our growth and expansion in business, the adequacy of our allowance for credit losses, technological implementation and changes, the actual growth in demand for banking products and services, investment income, cash flow projections, our exposure to market risks as well as other risks detailed in the reports filed by us with the United States Securities and Exchange Commission. ICICI Bank undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date thereof. All reference to interest rates, penalties and other terms and conditions for any products and services described herein are correct as of the date of the release of this document and are subject to change without notice. The information in this document reflects prevailing conditions and our views as of this date, all of which is expressed without any responsibility on our part and is subject to change. In preparing this document, we have relied upon and assumed, without independent verification, the accuracy and completeness of all information available from public sources. ICICI Bank and the “I man” logo are the trademarks and property of ICICI Bank. Any reference to the time of delivery or other service levels is only indicative and should not be construed to refer to any commitment by us. The information contained in this document is directed to and for the use of the addressee only and is for the purpose of general circulation only.


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