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Examveda

What is the full form of "ICICI"?

A. Investment Corporation of Induatrial Credit for India

B. Investor Corporation for Insurance Commission of India

C. Industrial Convention and Investment Corporation of India

D. Industrial Credit and Investment Corporation of India

Answer: Option D

Solution(By Examveda Team)

ICICI Bank was established by the Industrial Credit and Investment Corporation of India (ICICI), an Indian financial institution, as a wholly owned subsidiary in 1994 in Vadodara however the parent company was formed in 1955 as a joint-venture of the World Bank, India's public-sector banks and public-sector insurance companies to provide project financing to Indian industry.

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