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ICICI Bank is a private bank that offers a wide range of banking and financial products and services for corporate and retail customers. It has a network of 6,000 branches and 17,000 ATMs in India and a presence in 17 countries, including the US, UK, Singapore, and China.
Unified Payments Interface (UPI) is an Indian instant payment system and protocol developed by NPCI in 2016. It facilitates inter-bank transactions on mobile devices using UPI ID or mobile number, and has over 300 million monthly active users and 12.20 billion transactions in January 2024.
Firstsource is a public company that provides business process management services in various sectors, such as banking, healthcare, and media. It was founded in 2001 as a subsidiary of ICICI Bank and has operations in India, US, UK, and Philippines.
NACH is a centralised clearing service for interbank transactions in India, introduced by National Payments Corporation of India. It is an improvement over Electronic Clearing Service (ECS) and offers credit and debit service to corporates, banks, and financial institutions.
ICICI Home Finance Company is a subsidiary of ICICI Bank that provides housing finance in India. It offers home loans, loan against property, fixed deposits, gold loans and other services.
Sandeep Bakhshi is the MD and CEO of ICICI Bank since October 2018. He has a degree in mechanical engineering from Punjab Engineering College and a postgraduate degree in management from XLRI - Xavier School of Management.
PhonePe is a private company founded in 2015 by Sameer Nigam, Rahul Chari and Burzin Engineer. It offers various financial transactions such as UPI payments, mobile recharges, utility payments and in-store payments, and has over 500 million users.
Online banking, also known as internet banking, is a system that enables customers to conduct financial transactions through a website or app. Learn about the origins, benefits and features of online banking, as well as the types of banks that operate entirely or partly online.