ICICI Bank Expands Semi-Urban & Rural Network in Karnataka; Opens Five New Branches

ICICI Bank Ltd, India’s largest private sector bank, inaugurated five new branches in the villages of Sagar, Channagiri, Harihar, Devadurga and Lingasugur in Karnataka. Each branch houses a 24x7 ATM at its premises.

Mr. Sathish Kumar, Assistant Commissioner (Sagar Sub-Division) inaugurated the branch at Sagar, while the Channagiri branch was inaugurated by Ms. S. Padmakumari, Tahasildar and Taluk Magistrate, Govt. of Karnataka (Channagiri).  Mr. D M Halaswamy, Vice President, SJVP College (Harihar) inaugurated the Harihar branch. The branch at Devadurga was inaugurated by Mr. Shivasharanappa Kattoli, Tahasildar and Taluk Magistrate, Govt. of Karnataka (Devadurga), while the Lingasugur branch was inaugurated by Dr. Selvamani R. (IAS), Assistant Commissioner (Lingasugur Sub-Division).

Other dignitaries who also graced the events were, Mr. HS Shivakumar, President, The Thota Uthpannagala Marketing Co-operative Society Ltd at Channagiri; Mr. B S Patil, Commissioner, City Municipal Council at Harihar; Mr. Babu Rathod, Executive Officer, Taluk Panchayat at Devadurga and Dr. Prabhakar Sangurmath, General Manager, Hatti Gold Mines at Lingasugur.

These branches will remain open from 9:30 am to 4.30 pm on Monday to Friday as well as on the first, third and fifth Saturday of the month.

They will also offer a comprehensive range of loans and deposits including saving, current and term deposits, farmer finance, gold and personal loans, tractor and auto loans, commodity- based finance as well as NRI services.

ICICI Bank has 4,450 branches and 13,766 ATMs in the country (as on March 31, 2016). It has 262 branches and nearly 1300 ATMs across Karnataka along with 23 fully automated ‘Touch Banking’ branches which are available 24 hours on all days.

ICICI Bank services its large customer base through a multi-channel delivery network of branches, ATMs, call center, internet banking (www.icicibank.com), mobile banking, banking on Facebook & Twitter and ‘Pockets by ICICIBank’ the country’s first digital bank on mobile.

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About ICICI Bank Ltd.

ICICI Bank Ltd (NYSE:IBN) is India’s largest private sector bank with consolidated total assets of US $ 138.67 billion at March 31, 2016. Its subsidiaries include India's leading private sector insurance companies, securities brokerage firms, mutual funds and private equity firms. ICICI Bank’s presence currently spans 17 countries, including India.

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