Are you thinking of starting a career with ICICI? Then this article is for you. 

Building a bank career in one of India’s finest financial institutions is a dream come true for thousands of young Indian graduates. Here is why.

ICICI-India’s finest financial institutions

Icici Bank Limited is an Indian multinational bank and financial services company headquartered in Mumbai with a registered office in Vadodara. 

 

It provides a broad range of banking and financial services to corporate and retail customers through a variety of distribution channels and specialized subsidiaries in the areas of investment banking, life, and non-life insurance, venture capital, and asset management.

 

The Industrial Credit and Investment Corporation of India (ICI) was established on 5 January 1955, and Sir Arcot Ramasamy Mudaliar was elected as the first chairman of icici Ltd. 

 

It was formed as a joint venture between the World Bank, India’s public-sector banks, and public-sector insurance companies to provide project financing to Indian industry. 1819 Icici Bank was established as a wholly owned subsidiary by Icici in 1994 in Vadodara.

Before converting to icici Bank, the bank was established as the industrial credit and investment corporation of India Bank. The boards of directors of icici and icici Bank approved the merger of icici and two of its wholly-owned retail finance subsidiaries, icici Personal Financial Services Limited and icici Capital Services Limited, with icici Bank in October 2001. 20 privatization was triggered by the merger of icici Ltd. and its affiliate icici Bank.

 

Icici changed its focus from a development financial institution offering only project financing to a multi-service financial services company in the 1990s, offering a wide variety of products and services both directly and through a variety of subsidiaries and affiliates, including icici Bank. In 1998, ICICIBank introduced Internet banking services.

 

Icici launched a global remittance service in 2015 called ‘money2world.’ It was the first of its kind to facilitate completely online outward remittance transactions for non-icici and icici customers alike.

 

Over the years, The bank has 6000 branches in India, 17000 ATMs, and a presence in 17 countries. it has subsidiaries in the United Kingdom, Canada, Hong Kong, Qatar, Oman, Dubai International Finance Center, China, and South Africa, as well as representative offices in the united arab emirates, Bangladesh, Malaysia, and Indonesia. 

 

The company’s UK branch has also established branches in Belgium and Germany. The Reserve Bank of India (RBI) has classified the State Bank of India, HDFC Bank, and ICICI Bank as domestic systemically important banks (d-sibs), which are often referred to as banks that are “too big to fail.”

 

Now that we have provided you with a general overview of ICICI Bank, let’s take a look at some of the products and services they offer.

ICICI Products And Service

Below are some of the products and services, ICICI Bank offers

1. Current Accounts: ICICI Bank provides current accounts for businesses, offering features such as low minimum balance requirements, free transactions, and personalized services.
2. Savings Accounts:: Business savings accounts are available for businesses to manage their surplus funds efficiently, with features like competitive interest rates and easy access to funds.
3. Business Loans: ICICI Bank offers various types of business loans, including term loans, working capital loans, and overdraft facilities, to help businesses meet their financing needs for expansion, capital investment, and day-to-day operations.
4. Trade Finance: ICICI Bank provides trade finance solutions to facilitate domestic and international trade transactions, including import and export financing, letters of credit, bank guarantees, and trade advisory services.
5. Cash Management Services: The bank offers cash management services to optimize cash flow, streamline payments and collections, and improve liquidity management for businesses.
6. Payment Solutions: ICICI Bank provides a range of payment solutions for businesses, including electronic fund transfers, NEFT/RTGS facilities, payment gateways for online transactions, and merchant services.
7. Online Banking: ICICI Business Banking offers comprehensive online banking platforms and mobile banking apps, allowing businesses to manage their accounts, make transactions, and access banking services conveniently from anywhere.
8. Treasury Solutions: ICICI Bank’s treasury solutions provide businesses with access to foreign exchange services, interest rate risk management, and other treasury products to manage their financial risks effectively.
9. Corporate Credit Cards: ICICI Bank offers corporate credit cards with features such as expense management tools, travel benefits, and customized spending limits to help businesses manage their expenses efficiently.
10. Specialized Services: ICICI Bank offers specialized banking services for specific industries and sectors, such as healthcare, education, agriculture, and SMEs, to address the unique needs of different businesses.

Overall, ICICI Business Banking provides a comprehensive suite of financial products and services to support the growth and success of businesses across various sectors in India.

 

Now that we have looked at some of the products and services offered by ICICI Bank, let’s go into the main business of the day.

 

If you are a young Indian graduate or a graduate living in India, and you would like to work with ICICI Bank, below is a detailed explanation of the entire recruitment process. Let’s get to it 

 

ICICI Recruitment Process

 

The ICICI Bank’s recruitment process has two main pillars: they are;

 

The development of newer technologies and the use of newer technologies and the work process with a focus on making the whole process seamless and standardized

 

Secondly, a strong emphasis has been placed on ensuring the best-in-class candidate’s performance throughout the entire recruitment life cycle. 

 

ICICI Bank strives to be uniform in its recruiting process. To ensure that the candidate’s knowledge is of the highest order while making efforts to deliver the promise of fairness to the bank and fair to the customer, with a particular emphasis on saath aapka services.

 

Let’s go through the stages of application together. You can also visit their page for more information. ICICIcareer

Stage 1 Application: You may apply online against the current job openings that match your profile. If there are no openings that match your profile you can register in our database and we will contact you when a vacancy arises.

Stage 2 Shortlisting: Shortlisting of the profile will be done based on the relevance to the job requirement and you will be informed once you are shortlisted for an opening.

Stage 3 Pre-Interview Documentation: You are required to submit your latest resume, photograph, and declaration-cum-undertaking, before the interview as part of the process. Also, complete a personality profile questionnaire(for specific roles).

Stage 4 Interview: The shortlisted candidates will share the time, date, and venue for the interview and it may be carried out in person or through virtual platforms.

Stage 5 Offer: Once shortlisted, you will be required to submit documents such as your educational and experience certificates. Post the document verification, we will reach out to you with the best offer to join us. 

Stage 6 Onboarding:  You will start your professional journey with ICICI Bank through I-Banker, a special induction program. Before this, your background verification will be conducted based on the documents you have submitted.

 

Finally 

The recruitment process at ICICI bank is quite rigorous. We recommend that you present yourself in the best possible way. An excellent CV is the best place to start. You can search here for template