Photo Captions: Chanda Kochhar, MD & CEO, ICICI Bank inaugurating the 4000th branch in Chandigarh electronically.
It is the first private sector bank in the country to achieve this milestone. Additionally, the Bank also inaugurated over 50 branches in other parts of the country during the day, thereby taking its total branch count to 4050.
Speaking at the inauguration,Chanda Kochhar, MD & CEO, ICICI Bank said, “We believe that a wide branch network is a cornerstone of retail banking. It also helps deepen the relationship with the customer as it forms a focal point for a range of products & services like mortgages, other loans and investments. Today’s important milestone is yet another step towards providing our customers improved access and proximity to the Bank’s services. 52% of our branches are in rural and semi-urban areas, which is also a testimony of our commitment towards financial inclusion in the country. This has enabled ICICI to open over two million accounts under the Pradhan Mantri Jan-Dhan Yojana – the highest among private sector banks.