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ICICI Bank inaugurates 100th branch in Chennai. First private sector bank to reach the milestone in Chennai

April 30, 2014

Chennai: ICICI Bank Ltd today inaugurated a new branch at Ashok Nagar in Chennai, becoming the first private sector bank to have 100 branches in the city. India's largest private sector bank had marked its foray into retail banking in 1994 by opening a branch in Chennai, at Cenotaph Road in Teynampet.


Mr. Ravi Appasamy, Managing Director, Appaswamy Real Estates, inaugurated the Ashok Nagar branch while Mr. N. Anantha Padmanabhan, Managing Director, NAC Jewellers and Mr. P. Vijayan, Chief Operating Officer, Hindustan Motors, graced the occasion.


Speaking at the occasion, Mr. Ravi Appasamy, Managing Director, Appaswamy Real Estates said, "I congratulate ICICI Bank on achieving this significant milestone. Given the Bank's pioneering products and excellent customer service, it is only natural that the Bank has reached this milestone. The people of Chennai will benefit greatly from the Bank's increased presence in the city and I am confident of the Bank scaling greater heights in the region."


Mr. Thallam Sreekumar, Zonal Head (Tamilnadu), ICICI Bank said, "The Bank has always been at the forefront of extending world-class banking solutions to customers. This important milestone is yet another proof of the strong customer confidence and base the Bank enjoys in the region. The opening of the new branch is yet another step towards providing customers, improved access to the Bank's services and is in line with our "Khayaal Aapka" philosophy of keeping the customer's needs as the focal point of our business.


The new branch situated at No.18 A, Ashok Enclave, First Avenue, Ashok Nagar will remain open for customers from 9:00 am to 6:00 pm on Monday to Friday and 9.00 am to 2.00 pm on Saturday. The branch has an extensive wealth management lounge serviced by a dedicated team of wealth managers to cater to the needs of high net worth customers. It will offer the entire gamut of ICICI Bank products including a comprehensive range of deposits, loans, NRI services and offer locker facility.


ICICI Bank has 3753 branches and extension counters and 11,315 ATMs spread across the country. In FY 2013-14, the Bank added 653 branches and 834 ATMs to its network. It also has a widespread network of 392 branches and 1184 ATMs in Tamil Nadu.


The Bank services its large customer base through a multi-channel delivery network of branches, ATMs, call center and internet banking (

About ICICI Bank Ltd: ICICI Bank Limited (NYSE:IBN) is India's largest private sector bank and the second largest bank in the country with consolidated total assets of US $ 124.76 billion at March 31, 2014. 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 19 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 nonperforming 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.


For Press Queries:


Mr. Sujit Ganguli
Senior General Manager & Head - Corporate Communications & Brand
ICICI Bank Limited
Bandra Kurla Complex, Mumbai – 400051

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