History Of Icici

HISTORY OF ICICI 1955: The Industrial Credit and Investment Corporation of India stigmatise (ICICI) incorporated at the initiative of the World Bank, the Government of India and representatives of Indian industry, with the objective of creating a development financial institution for providing medium-term and long project financing to Indian businesses. Mr.A.Ramaswami Mudaliar elected as the underlying moderate of ICICI Limited. ICICI emerges as the major source of foreign currency loans to Indian industry. Besides funding from the World Bank and contrary multi-lateral agencies, ICICI was also among the stolon Indian companies to raise funds from world-wide markets. 1956: ICICI declare its starting dividend of 3.5% 1958: Mr.G.L.Mehta appointed the gage Chairman of ICICI Ltd 1960: ICICI construction at 163, Backbay Reclamation, inaugurated. 1961: The beginning(a) West German loan of DM 5 million from Kredianstalt obtained 1967: ICICI made its start debenture anaest hetize for Rs.6 crore, which was oversubscribed. 1969: The first two regional offices in Calcutta and Madras set up. 1972: The second entity in India to set up Mr. H. T. Parekh appointed the third Chairman of ICICI. merchant banking services. 1977: ICICI sponsored the formation of Housing Development Finance Corporation. Managed its first fair-mindedness public issue 1978: Mr.

James Raj appointed the twenty-five portion Chairman of ICICI. 1979: Mr.Siddharth Mehta appointed the fifth Chairman of ICICI. 1982: ICICI became the first continuously Indian borrower to raise European Currency Units. ICICI commence s leasing business. 1984: Mr. S. Nadkarni ap! pointed the sixth Chairman of ICICI. 1985: Mr. N.Vaghul appointed the seventh Chairman and Managing Director of ICICI. 1986: ICICI became the first Indian institution to receive ADB Loans. ICICI, along with UTI, set up Credit Rating Information Services of India Limited, Indias first master key credit rating agency. ICICI promotes Shipping Credit and Investment modulate of India Limited. 1987: The...If you want to get a full essay, order it on our website: BestEssayCheap.com

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