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ICICI Bank inaugurates a new branch at Madhurawada in Vizag. The Bank has 8 branches in the city

January 23, 2014

Vizag: ICICI Bank Ltd, India's largest private sector bank, opened a new branch in Vizag this week, increasing total number of branches in the city to eight. The new branch is located at HIG-2, Mithilapuri Vuda Colony, Madhurawada, Visakhaptnam-41,


Mr Naresh Kumar, Managing Director, Symbiosis Technologies inaugurated the branch. Mr G Ramakrishna, Managing Director, Mango Hyundai and Mr.Ch Kishore Kumar, Director, Sandybay Seafoods Pvt. Ltd. graced the occasion by their presence.


The branch 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 will offer the entire gamut of ICICI Bank products including a comprehensive range of deposits, loans and NRI services.


Speaking on the occasion, Mr. Naresh Kumar said, "I congratulate ICICI Bank on the inauguration of new branch in Madhurawada. It is very encouraging to see ICICI Bank increases its presence in the city. The people will benefit greatly from the Bank’s pioneering products and excellent customer service and I am confident of the Bank scaling greater heights in Vizag city."


Mr. Ankur Shah, Zonal Manager, ICICI Bank said, "The Bank has always been at the forefront of extending world-class banking solutions to customers. The opening of 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."


ICICI Bank has more than 3,595 branches and extension counters, and over 11,160 ATMs spread across the country. 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 USD 124.00 billion at March 31, 2013. ICICI Bank’s subsidiaries include India’s leading private sector insurance companies and its largest securities brokerage firm, mutual fund and private equity firm. 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 non-performing 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 please contact:


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

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