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The Industrial Credit and Investment Corporation of India (ICICI) was a government institution established on 5 January 1955 and Sir Arcot Ramasamy Mudaliar was elected as the first Chairman of ICICI Ltd. It was structured as a joint-venture of the World Bank, India's public-sector banks and public-sector insurance companies to provide project ...
ICICI HFC provides housing finance to individuals and corporates for purchase or construction of residential houses. [20] [21] [22] In 2019, the company has disclosed that it has disbursed over $162.91 million in housing loans in the country.
LIC Housing Finance Limited (LIC HFL) is the largest Housing Finance Company in India, with a registered corporate office in Mumbai. It is a subsidiary of LIC, mainly providing long-term financing to people who purchase or construct residential houses or flats. It also finances the repair and renovation of existing residences and gives loans to ...
Chanda Kochhar (née Advani, born 17 November 1961) is an Indian banker. She was the managing director (MD) and chief executive officer (CEO) of ICICI Bank from 2009 to 2018 [ 1 ] She resigned from her positions in 2018 due a case of conflict of interest. [ 2 ]
Key takeaways. Using a personal loan to pay off credit card debt can save money on interest and simplify monthly payments. Personal loans are still a form of debt, and it’s important not to rack ...
When it comes to granting pre-approved loans through credit lines on UPI, ICICI Bank is the industry leader. [51] [52] On August 23, 2024, PhonePe introduced the "Credit Line on UPI" service. [53] It makes low-cost, high-volume retail loans available. [54]
HDFC Bank Limited is an Indian banking and financial services company, headquartered in Mumbai. It is India's largest private sector bank by assets and the world's tenth-largest bank by market capitalization as of May 2024. [9][10] The Reserve Bank of India (RBI) has identified the HDFC Bank, State Bank of India, and ICICI Bank as Domestic ...
The ICICI-Videocon loan scam is about a criminal conspiracy by Chanda Kochhar as Managing Director of ICICI Bank who abused her position by sanctioning a ₹ 3,250 crore (US$696.34 million) loan to Venugopal Dhoot's Videocon International Electronics Limited (VIEL) between June 2009 and October 2011 to cheat the bank in lieu of illegal gratification and undue benefit received in NuPower ...