Release - ICICI Bank inaugurates a new branch at Akividu in West Godavari district
ICICI Bank inaugurates a new branch at Akividu in West Godavari district
· It has a 24x7 in-house ATM
· ICICI Bank has more than 150 branches and over 360 ATMs in Andhra Pradesh
Eluru: ICICI Bank inaugurated a new branch at Akividu in West Godavari district, Andhra Pradesh. The branch offers locker facility and an in-branch ATM which is available 24X7.
Shri Mutyala Venkateswara Rao, Chairman, The District Co-operative Central Bank, Eluru, inaugurated the branch in the presence of ICICI Bank officials.
Mr. Shantanu Samaddar, Zonal Head – Rural and Inclusive Banking Group, Andhra Pradesh and Telangana, ICICI Bank said, “ICICI Bank is committed to provide world class banking services and innovative products to Indian customers, including rural population. With this branch, we will cater to over 75,000 residents located in Akividu, which is predominantly an agricultural area and a hub for aquaculture. Our branch will offer a range of products and services like salary accounts, mortgages, agricultural loans, overdraft and cash credit facility to the residents of this area.”
The branch will remain open from 9.30 AM to 4:30 PM on Monday to Friday. It will also remain open on the first, third and fifth Saturdays of the month from 9.30 AM to 4:30 PM.
The branch will also offer a comprehensive range of accounts, deposits and loans including savings and current accounts, term deposits. It also offers crop loan, jewel loan, farm equipment loan, commercial equipment loan, auto, home, personal and business loans along with credit cards. The branch also offers banking services to NRI customers.
ICICI Bank services its large customer base through a multi-channel delivery network of branches and ATMs, phone banking, internet banking and mobile banking. The bank has a network of around 380 Customer Service Points(CSP) in Andhra Pradesh through business correspondents. These CSPs provide services to customers across nearly 1500 rural villages in Andhra Pradesh. ICICI Bank has more than 150 branches and over to 360 ATMs in Andhra Pradesh.
ICICI Bank services its large customer base through a multi-channel delivery network of branches, ATMs, call center, internet banking (www.icicibank.com) and mobile banking. For updates, visit www.icicibank.com, follow us on www.twitter.com/ICICIBank.
About ICICI Bank: ICICI Bank Ltd (BSE: ICICIBANK, NSE: ICICIBANK and NYSE:IBN) is a leading private sector bank in India. The Bank’s consolidated total assets stood at Rs.1,250,472 crore at June 30, 2019. ICICI Bank's subsidiaries include India's leading private sector insurance, asset management and securities brokerage companies, and among the country’s largest private equity firms. It is present across 15 countries, including India.
Certain statements in this release relating to a future period of time (including inter alia concerning our future business plans or growth prospects) are forward-looking statements intended to qualify for the 'safe harbor' under applicable securities laws including the US Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. These risks and uncertainties include, but are not limited to statutory and regulatory changes, international economic and business conditions; political or economic instability in the jurisdictions where we have operations, increase in non-performing loans, unanticipated changes in interest rates, foreign exchange rates, equity prices or other rates or prices, our growth and expansion in business, the adequacy of our allowance for credit losses, the actual growth in demand for banking products and services, investment income, cash flow projections, our exposure to market risks, changes in India’s sovereign rating, as well as other risks detailed in the reports filed by us with the United States Securities and Exchange Commission. Any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of the date of this release. ICICI Bank undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date thereof. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov
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