[payal]

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Can you tell me in detail about the merger of ICICI Bank (Industrial Credit and Investment Corporation of India) with Bank of Rajasthan?

[prince karak]

The Bank of Rajasthan Ltd was a private sector bank of India which merged with ICICI Bank in 2010. RBI was critical of BOR's promoters not reducing their holdings in the company. BOR has been merged with ICICI Bank. ICICI paid Rs.30 billion for it. Each 118 shares of BOR will be converted into 25 shares of ICICI Bank dated 12 Oct 1998.

ICICI Bank (Industrial Credit and Investment Corporation of India) is an Indian multinational banking and financial services company. In 2017, it is the third largest bank in India in terms of assets and third in term of market capitalisation.

It offers a wide range of banking products and financial services for corporate and retail customers through a variability of delivery channels and specialised subsidiaries in the areas of investment banking, life, non-life insurance, venture capital and asset management. It has network of 4,850 branches and 14,404 ATMs in India, and has a presence in 19 countries including India.

Subsidiaries
Domestic
• ICICI Prudential Life Insurance Company Limited
• ICICI Lombard General Insurance Company Limited
• ICICI Prudential Asset Management Company Limited
• ICICI Prudential Trust Limited
• ICICI Securities Limited
• ICICI Securities Primary Dealership Limited
• ICICI Venture Funds Management Company Limited
• ICICI Home Finance Company Limited
• ICICI Investment Management Company Limited
• ICICI Trusteeship Services Limited
• ICICI Prudential Pension Funds Management Company Limited

International
• ICICI Bank USA
• ICICI Bank UK PLC
• ICICI Bank Canada
• ICICI Bank Germany
• ICICI Bank Eurasia Limited Liability Company
• ICICI Securities Holdings Inc.
• ICICI Securities Inc.
• ICICI International Limited.

Contact Detail:
ICICI Bank Limited
Registered Office: Landmark, Race Course Circle, Vadodara 390007
Corporate Office: ICICI Bank Towers, Bandra-Kurla Complex, Mumbai 400051