What it does: It offers a wide range of banking products and financial services for corporate as well as retail customers. The main delivery channels and subsidiaries include investment banking, venture capital, life & non-life insurance, and asset management.
Mission: ‘To grow risk-calibrated core operating profit by delivering products and services that create value for customers. Bringing together all capabilities to seamlessly meet customer needs.’
Size and presence: The bank has a network of 5,275 branches across India and has a presence in 17 countries. It has subsidiaries in the United Kingdom and Canada; branches in the United States, Bahrain, Hong Kong, Singapore, Qatar, Oman, China, South Africa, and Dubai. It has employed over 97,000 people in different countries.
Best known for: becoming the first Indian company and the first bank or a financial institution from non-Japan Asia to be listed on the New York Stock Exchange.
The good bits: As ICICI Bank has branches in different countries, the career opportunities for those looking for jobs in the banking and financial sector are in abundance. Moreover, it offers great rewards and benefits to its employees, making it one of the best banks to work.
The not-so-good bits: Applying for a job in a bank or financial institution means candidates will need to be prepared for an intensive interview and training sessions. Moreover, the bank expects its employees to provide their 100% for customer satisfaction and this may sometimes require extended working hours, meeting targets, and taking complete responsibility.
ICICI Bank Limited offers a wide range of banking products and financial services. It is headquartered in Vadodara, India, and has branches across the world. The bank was formed in 1955 with an initiative of the World Bank and later transformed its business from a financial institution limited to development projects and financial services as well.
The main subsidiaries include ICICI Prudential Life Insurance, ICICI Lombard, ICICI Prudential Mutual Fund, ICICI Direct, ICICI Bank Canada, ICICI Bank UK plc, ICICI Bank US, and ICICI Bank Regional Subsidiaries.
The products and services include online money transfers, savings accounts, current accounts, tracking services, time deposits, recurring deposits, loans, mortgages, automated lockers, prepaid cards, credit cards, debit cards, and digital wallets.
Since its inception, the bank has pioneered many technological innovations in the industry such as Mobile Banking, Internet Banking, Fully Automated Touch Banking, and Tab Banking. It offers many job opportunities to professionals as well as interns.
ICICI Bank USA has a dynamic work culture with supportive staff and the use of advanced technology to deliver the best results. It provides a supportive and friendly environment to its employees where everyone is encouraged to gain the best knowledge and grow to a higher position.
The work culture at ICICI is based on principles like growth and learning, strategy & structure, meritocracy, care, and winning organizations. It provides the opportunity to move across jobs and the freedom to try new ideas. However, unacceptable business practices are not at all encouraged.
The management believes in respect and dignity at every level and provides complete support during professional needs and personal emergencies. Moreover, the strategies and policies are communicated clearly to the employees to avoid confusion.
ICICI Bank follows a multi-stage recruitment process and here’s what to expect…
ICICI Bank offers many opportunities to students, recent graduates, and professionals who are looking to start their careers or reach higher positions. With branches and subsidiaries in 17 countries, it is one of the fastest-growing banks.
Interested candidates can check for their preferred jobs in different functional areas such as Operations, Relationship Management, Sales, Human Resources, Technical, and more. It also provides training and internship programs to students.
The average estimated annual salary of employees at ICICI Bank USA is $68,652 per year. The Assistant Manager gets around $80,000 per year while an Associate Manager gets approx $67,454 per year. The estimated average salary of the Commercial Manager is around $74,578 per year while a Deputy Manager is paid approx $99,667 per year.
As far as social initiatives are concerned, ICICI Bank commits to corporate social responsibility (CSR) and contributes to socio-economic development. The Bank is working to transform the lives of common people by empowering them and educating them.
The bank has trained more than 3,50,000 individuals from different backgrounds and locations. It is also empowering underprivileged people by imparting vocational skills and other skill development initiatives. ICICI Academy for Skills (IAS) offers job-oriented training programs.
It has also implemented comprehensive energy management and conservation programs to save the environment. The programs include promoting the use of renewable energy at offices, branches, and ATMs.
ICICI Bank became the talk of the town when it faces the risk of a class action suit in the US. There were charges of corruption but the bank stated them as malicious and unfounded. A class action suit is a legal action brought by one or more persons, all with the grounds for action.