ICICI Bank

Universal bank · Mumbai, India

ICICI Bank is India's second largest private bank with consolidated assets of INR 29.1 lakh crore (USD 307.3 billion at INR 94.84 per dollar) at 31 March 2026 and 7,511 branches. It is present in 19 countries with licensed subsidiaries ICICI Bank UK PLC and ICICI Bank Canada, branches in Singapore, Hong Kong, Bahrain, DIFC and the US, and a GIFT City unit. Business clients get current accounts from INR 10,000 monthly balance, Trade Online for LCs and guarantees in 34 currencies, and InstaBIZ mobile banking. RBI fined the bank INR 97.8 lakh in May 2025 and INR 75 lakh in August 2025 for compliance lapses.

Legal name: ICICI Bank Limited
Regulated by: Reserve Bank of India, PRA/FCA (UK, ICICI Bank UK PLC), OSFI (Canada, ICICI Bank Canada), IFSCA (GIFT City)
Licence confirmed: yes, on a regulator's own list
Established: 1994
Website: www.icicibank.com

Scores, 0 to 10

8.0Latin America, Africa & South Asia

7,511 branches, 12,087 ATMs, UPI, IMPS and RTGS rails, and current accounts from INR 10,000 monthly balance in India. · source

7.0Trade, manufacturing & import-export

Trade Online issues LCs and guarantees in INR or foreign currency, with pre and post shipment credit in 34 currencies and ERP APIs. · source

7.0Financial strength & stability

CET1 16.35% and net NPA 0.33% at March 2026, but ratings sit at BBB- (S&P), Baa3 (Moody's) and BB+ (Fitch). · source

7.0Customer satisfaction

iMobile holds 4.6 stars from 6.64 million Google Play reviews with over 50 million downloads. · source

6.5Business cards (Visa, Mastercard)

Visa Corporate and Purchase cards with a 3.5% FX markup, Corporate Platinum at Rs 999 plus GST a year, an admin portal for limit changes and ERP integration; virtual cards are not mentioned. · source

6.0United Kingdom

ICICI Bank UK PLC is PRA and FCA regulated with seven branches, business current accounts, trade finance and Corporate Net Banking. · source

6.0Cross-border payments, FX and multi-currency accounts

Trade and remittance in 34 currencies with presence in 19 countries, though FX margins on outward remittances are not published. Cash management, E-Collection, Global Market Services and a GIFT City unit serve Indian corporates across 19 countries without global pooling. · source

5.5Canada

ICICI Bank Canada is a Schedule II CDIC member bank with a no minimum balance business chequing account and bulk Interac e-Transfer. · source

5.5Online businesses: e-commerce and SaaS

Merchant services, E-Collection and cash management support Indian online sellers, with 34 currency trade flows for cross-border sellers. EEFC current accounts in 24 currencies, InstaBIZ digital banking and corporate cards with ERP reconciliation, but no API-first product or revenue-based financing. · source

5.0Lowest fees

Regular current account needs INR 10,000 to 25,000 monthly balance with INR 750 to 5,000 quarterly penalty if missed. · source

4.5Asia-Pacific (SG, HK, AU, JP, KR)

Retail and corporate branches in Singapore since 2010 and Hong Kong serve Indian corporates and NRIs rather than local SMEs. · source

4.5Fast digital onboarding

InstaBIZ and Trade Online run digitally, but Indian current accounts still require branch KYC and the UK site lists no timeline. · source

4.5Startups & VC-backed companies

New Startup Current Account needs INR 10,000 monthly balance, but no venture debt or founder banking unit is published. · source

4.0Middle East & Gulf

Branches in Bahrain (three touchpoints) and DIFC serve Indian corporates and remittances; no free-zone company onboarding is published. · source

4.0Fintech companies that need a partner bank

ICICI Bank partners with Indian fintechs on UPI and cards but publishes no safeguarding or sponsor bank programme for payment firms. · source

4.0Foreign-owned & non-resident companies

Foreign-incorporated companies can hold accounts only at the GIFT City IBU and only if they are subsidiaries, holding companies or JVs of India-based entities, in USD, EUR, GBP, CAD, HKD, SGD, AED and AUD. · source

3.5High-risk verticals (iGaming, cannabis, adult, forex)

No prohibited-industries list for business accounts is published on the business banking pages; scored conservatively. · source

3.0United States

ICICI Bank lists operations in the United States for corporate clients but publishes no US business account for SMEs. · source

2.5Best interest on business balances

Indian current accounts pay no interest; ICICI Bank Canada offers a business savings account but no yield figure is published. · source

2.0Crypto-friendly bank

No ICICI product serves crypto firms; India taxes VDA gains at 30% with 1% TDS and requires FIU-IND registration of exchanges. · source

1.0Crypto wallet and custody for a business

ICICI Bank offers no crypto holding of any kind, and its UK subsidiary's business banking terms prohibit customers from using the bank to deal in crypto, checked September 2026. · source

1.0Accept crypto payments

ICICI Bank offers no crypto acceptance, and in April 2021 it told payment gateways to switch off its net banking for merchants buying or selling crypto. · source

1.0On-ramp: buy crypto with fiat

ICICI Bank UK's business banking terms bar using the bank for any crypto dealing, including moving money to buy crypto and relationships with exchanges, for retail, business and corporate clients; in India ICICI closed crypto exchanges' current accounts and cut gateway access in 2021. · source

1.0Off-ramp: crypto to fiat in a business account

ICICI Bank UK's December 2025 personal terms say it will freeze any account used for crypto transactions, including receipt of money from crypto sales, and close all of the customer's accounts if no declaration arrives within 30 days; the business terms reserve the right to close accounts used this way. · source

1.0Bitcoin

ICICI Bank offers no bitcoin buying, holding or transfer and prohibits crypto dealing through its accounts in its UK terms, checked September 2026. · source

1.0Ethereum

ICICI Bank offers no ether buying, holding, transfer or staking and prohibits crypto dealing through its accounts in its UK terms, checked September 2026. · source

1.0Stablecoins (USDC, USDT and others)

ICICI Bank offers no stablecoin holding, payouts or settlement, and its UK terms treat all virtual and digital currencies as prohibited, checked September 2026. · source

Sources

Built on public information and the BankStore team's own aggregated experience; no confidential client or partner data. Bank Index and BankStore are not banks. This is information, not financial advice.