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03:21 AM | Wed, 07 Dec 2016

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ICICI Bank Organises 350 Kisan Sampark Melas Across Punjab & Haryana in June

510 Days ago

ICICI Bank Limited, India’s largest private sector bank, organised Kisan Sampark Melas across two states of Punjab and Haryana, as a part of its financial inclusion plan. The Bank reached out to over 8000 villagers through 350 Kisan Sampark Melas.


These melas were conducted at centres such as Ambala, Hansi, Gohana, Jind, Shahbad, Tarori Mandi, Ahmedgarh, Ropar, Mansa, Nabha, Nawanshahr, Sangrur, Zirakpur, Faridkot, Gurdaspur, Kapurthala, Muktsar, Nakodar, Tarn-Taran, Fatehabad, Jhajjar and Kaithal.


The Bank also showcased a list of tailor-made products and services including farmer finance, jewel loans, tractor loans, Rural Business Credit and Kisan Kalpviraksh, in addition to basic banking facilities such as the savings and term deposit accounts. It provides Farmer Finance through Kisan Credit Card (KCC) and Agri-term Loan (ATL) for the cultivation and development of agricultural land. Through jewel loans, the Bank offers loan against gold ornaments for direct and allied agri customers, as well as to underprivileged sections. Under Rural Business Credit (RBC), the Bank meets working capital and term loan requirements of business entities in rural and semi- urban areas. The rural customers can get overdraft (OD) against fixed deposits (FD) under the bank’s Kisan Kalpviraksh scheme. The Bank also offers various basic savings accounts to the customers based on their profile and requirements.


Currently, ICICI Bank has around 400 branches in Punjab and Haryana of which over 55% are in semi urban and rural areas. It is noteworthy that the Bank has opened over 60 branches in previously unbanked areas to further deepen its rural reach. Recently, Bank has added 40 branches in Punjab and 14 branches in Haryana, across the state.


The Bank has the highest number of basic savings accounts among private sector banks under its financial inclusion plan, including accounts opened during fiscal 2015 under the Pradhan Mantri Jan-Dhan Yojana. It has opened more than 2.0 million accounts in the Yojana; by far the highest among private sector banks.


ICICI Bank has 4050 branches and 12451 ATMs in the country (as on March 31, 2015).


The bank services its large customer base through a multi-channel delivery network of branches, ATMs, call center, internet banking, mobile banking and social media banking.


For updates, visit www.icicibank.com , follow us on twitter@ICICIBank.


About ICICI Bank Ltd:

ICICI Bank Ltd (NYSE:IBN) is India's largest private sector bank with consolidated total assets of US $ 132.17 billion at March 31, 2015. ICICI Bank's subsidiaries include India's leading private sector insurance companies and among its largest securities brokerage firms, mutual funds and private equity firms. ICICI Bank's presence currently spans 17 countries, including India.


Except for the historical information contained herein, statements in this release, which contain words or phrases such as 'will', 'would', etc., and similar expressions or variations of such expressions may constitute 'forward looking statements'. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to our ability to obtain statutory and regulatory approvals and to successfully implement our strategy, future levels of non-performing loans, our growth and expansion in business, the adequacy of our allowance for credit losses, technological implementation and changes, the actual growth in demand for banking products and services, investment income, cash flow projections, our exposure to market risks as well as other risks detailed in the reports filed by us with the United States Securities and Exchange Commission. ICICI Bank undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date thereof. All reference to interest rates, penalties and other terms and conditions for any products and services described herein are correct as of the date of the release of this document and are subject to change without notice. The information in this document reflects prevailing conditions and our views as of this date, all of which is expressed without any responsibility on our part and is subject to change. In preparing this document, we have relied upon and assumed, without independent verification, the accuracy and completeness of all information available from public sources. ICICI Bank and the "I man" logo are the trademarks and property of ICICI Bank. Any reference to the time of delivery or other service levels is only indicative and should not be construed to refer to any commitment by us. The information contained in this document is directed to and for the use of the addressee only and is for the purpose of general circulation only.


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