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प्रश्न
Explain the term ICICI.
स्पष्ट कीजिए
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उत्तर
ICICI stands for Industrial Credit and Investment Corporation of India.
- It was established in 1955 as a financial institution to provide medium-term and long-term loans to industrial projects in India.
- The main aim was to promote industrial development by supporting private sector companies.
- In 2002, ICICI merged with its subsidiary, ICICI Bank, and became a commercial bank known as ICICI Bank.
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