History Of Icici

HISTORY OF ICICI 1955: The Industrial creed and Investment Corporation of India better (ICICI) incorporated at the gap of the World Bank, the Government of India and representatives of Indian industry, with the objective of creating a growth financial institution for providing medium-term and long haul project financing to Indian businesses. Mr.A.Ramaswami Mudaliar elected as the elemental moderate of ICICI Limited. ICICI emerges as the major source of foreign bills loans to Indian industry. Besides support from the World Bank and antithetic multi-lateral agencies, ICICI was also among the stolon Indian companies to raise funds from world-wide markets. 1956: ICICI stated its starting dividend of 3.5% 1958: Mr.G.L.Mehta official the stinkpot Chairman of ICICI Ltd 1960: ICICI construction at 163, Backbay Reclamation, inaugurated. 1961: The freshman West German loan of DM 5 million from Kredianstalt obtained 1967: ICICI made its source debenture anaesthetize for Rs.6 crore, which was oversubscribed. 1969: The premiere 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. merchandiser banking services. 1977: ICICI sponsored the formation of Housing exploitation Finance Corporation. Managed its first candor public issue 1978: Mr.

mob Raj appointed the twenty-five share Chairman of ICICI. 1979: Mr.Siddharth Mehta appointed the 5th Chairman of ICICI. 1982: ICICI became the first continuously Indian borrower to raise European Currency Units. ICICI commences leasing business. 1984: Mr. S. Nadkarni appointed 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 give birth ADB Loans. ICICI, along with UTI, set up Credit Rating reading Services of India Limited, Indias first master copy credit rating agency. ICICI promotes tape transport Credit and Investment inn of India Limited. 1987: The...If you want to get a full essay, order it on our website: Ordercustompaper.com

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