The Standard Bank of India „inherited‟ the Bank of Calcutta, which was founded in 1806, and has been in existence for over two hundred years. On the other hand, the ICICI is a private sector bank (privately owned), with a relatively smaller clientele base. It is one of the major banks in India (precisely the second largest), but much smaller than the SBI. It has 950 branches, with 3,500 branches across India. The bank has deposits of Rs 1.65 lakh crore compared to SBI‟s Rs 3.8 lakh crore (accumulated in a period of twelve years), racking up a net worth of Rs 22,000 against Rs 27,000 for the State Bank of India.
ICICI Bank has a customer base of over 2.5 million and boasts of an extensive network of 4050 branches across the country. With 12,475 ATMs and assets worth USD 99 billion, the bank is currently celebrating 60 years of existence. ICICI was formed as a World Bank initiative in 1955.The bank is headquartered in Vadodara, Gujarat and has an international presence in 19 countries. The bank’s employee strength was estimated at over 72,000 last year when it overtook HDFC Bank in terms of people employed. Axis Bank With a market capitalization of about INR 134,685.68 crore, Axis Bank takes its place at the fourth position among Indian banks.
It helps to effectively meet all of one’s personal financial needs. Such loans are simple to avail as it often does not require security or a guarantor. To avail an easy personal loan, you would be required to state the reason for which money is being borrowed. The interest
SBI Credit Card Bill Payment State Bank of India is one of the largest banks in India with the most number of customers. It offers a wide range of credit cards and also a number of SBI credit card bill payment options. Customers can choose to pay through online or offline methods as per their
41. Bank of India Account Balance Check Bank of India (BOI) is a commercial bank in India headquartered in Mumbai. The bank now has over 5,000 branches in the country. Bank of India was founded in 1906 in Mumbai by a group of eminent businessmen. It was the first bank in India to open an overseas branch in the UK post World War II.
Age: The minimum age for availing a loan is 24 and the maximum age is 65. Applicants not fulfilling this criteria are ineligible for a loan. Credit Rating Score: The credit rating score is used to determine an individual’s financial behaviour. It reflects an applicant’s repayment history. The score is given on a scale of 900 points.
They offer a wide range of housing finance and have a strong presence in the housing finance sector. ICICI Home Finance Company Limited: The market share of ICICI Home Finance is 13.10% and they offer various types of home loans to customers with a tenure of maximum 20 years. The interest rate of the home loan taken by their customers is linked to the ICICI Bank Floating interest Rate. IDBI Home Finance Limited: IDBI Home Finance Limited started its operation in the year 2000 and in such short span of time the company has grown as a leading player in the housing finance market in India. They offers different types of housing finance like loan against home, Plot loans, home loans for NRIs, home extension/improvement loan etc.
It simply avoids unnecessary formalities and reduces delay in transactions. ICIC Bank provides unmatched online experience to their customers through their internet banking. If customers have opened their account recently they will be provided with the User Id and password. Customers have to just log in with their user id and password to enjoy their internet banking facility. ICICI Bank offers a host of services and facilities to their customers that will give real time access to their accounts.
A financial inclusion is a slogan now and has fascinated the worldwide consideration the recent past. In India, it is still a emerging idea. More than 70% of Indians live in countryside areas. In India, financial inclusion becomes a necessity since it is a country where a large portion of world’s poor resides. Access to financial products and services by the poor and vulnerable groups is a perquisite for poverty reduction and social cohesion.