An aging and almost failing government owned financial institution, ICICI was converted into a private bank. Today, ICICI Bank is India's second-largest bank with total assets of Rs. 3,562.28 billion (US$ 77 billion). Presently, headed by the Banking Industry’s ‘first lady’ Chanda Kocchar, the bank seems to be taking giant strides by the day.
It already has a network of 1,658 branches and about 4,883 ATMs in India and presence in 18 countries, but has greater ambitions for the future. The Bank currently has subsidiaries in the United Kingdom, Russia and Canada, branches in United States, Singapore, Bahrain, Hong Kong, Sri Lanka, Qatar and Dubai International Finance Centre and representative offices in United Arab Emirates, China, South Africa, Bangladesh, Thailand, Malaysia and Indonesia. It has a UK subsidiary and has established branches in Belgium and Germany.