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Explain the term ICICI. - Commerce

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प्रश्न

Explain the term ICICI.

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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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पाठ 3: Sources of Financial for a Join stock Company - EXERCISES [पृष्ठ ७९]

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सी. बी. गुप्ता Commerce Volume 2 [English] Class 12 ISC
पाठ 3 Sources of Financial for a Join stock Company
EXERCISES | Q 18. (a) | पृष्ठ ७९
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