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ICICI Bank's total deposit FY 2016-2020

Established by the Industrial Credit and Investment Corporation of India in 1994, ICICI Bank Limited had deposits of over seven trillion Indian rupees in financial year 2020. The rise in total deposits went hand in hand with the rise in savings bank deposit accounts of the bank. Furthermore, the bank had the highest number of Basic Savings Bank Deposit Accounts in the country among other private banks that year.

Pradhan Mantri Jan Dhan Yojana

The Pradhan Mantri Jan Dhan Yojana, the financial inclusion program of the Indian government was established in 2014 with the aim to provide affordable access to financial services especially to the people in rural areas. This program was recognized by the Guinness Book of World Records for the highest number of bank accounts opened in one week as a part of financial inclusion campaign. ICICI Bank had the highest number of beneficiaries through the program as of 2020, among other private sector banks. However, HDFC Bank recorded the largest value of PMJDY deposits that year in this sector.

ICICI’s card-less cash withdrawal

The development of secure and easy mobile banking applications established by the banks, along with the coronavirus (COVID-19) pandemic had led to an increase in mobile banking payments. iMobile is the ICICI Bank’s mobile banking application. In January 2020, it launched card-less cash withdrawal facility in over thousand ATMs in the country. This enabled customers to withdraw cash by using its mobile banking application instead of using a debit or credit card.

Total deposits of ICICI Bank Limited from financial year 2016 to 2020

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Source

Release date

July 2020

Region

India

Survey time period

FY 2016 to FY 2020

Supplementary notes

One Indian rupee is equal to 0.013 U.S. dollars and 0.011 euros (as of August 2020).
India's financial year begins in April and ends in March. For example, FY 2017 started in April 2016 and ended in March 2017.

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