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15	15	In October 2001, the Boards of Directors of ICICI and ICICI Bank approved the merger of ICICI and two of its wholly-owned retail finance subsidiaries, ICICI Personal Financial Services Limited and ICICI Capital Services Limited, with ICICI Bank. The merger was approved by shareholders of ICICI and ICICI Bank in January 2002, by the High Court of Gujarat at Ahmedabad in March 2002, and by the High Court of Judicature at Mumbai and the Reserve Bank of India in April 2002. Consequent to the merger, the ICICI group's financing and banking operations, both wholesale and retail, have been integrated in a single entity.
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	18	+[[image:ICICIBANK0.jpg]]
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17	17	== Awards ==
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19	19	ICICI Bank has emerged as the most trusted brand among private sector banks, according to a survey by the Economic Times Brand Equity. This is the fifth time in a trot that the Bank has topped ET's list of the most trusted brands among private sector banks.{{footnote}}https://www.icicibank.com/aboutus/awards.page{{/footnote}}
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105	105	Consolidated assets grew by 11.2% year-on-year to ` 1,377,292 crore (US$ 182.0 billion) at March 31, 2020 from ` 1,238,794 crore (US$ 163.7 billion) at March 31, 2019.
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109	109	= Recent developments =
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111	111	On June 2 2020, ICICI Bank has announced a reduction in its savings bank account interest rate with effect from June 4, 2020.{{footnote}}https://www.bseindia.com/xml-data/corpfiling/AttachHis/92edeba3-0896-4423-bd26-5362eb2852c8.pdf{{/footnote}}
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115	115	For Savings bank balance ₹ 50 lakhs and above from 3.75% per annum to 3.50% per annum
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	120	+**ICICI Bank Consolidated December 2020 Net Interest Income (NII) at Rs 11,801.84 crore, up 14.29% Y-o-Y **{{footnote}}https://www.moneycontrol.com/news/business/earnings/icici-bank-consolidated-december-2020-net-interest-income-nii-at-rs-11801-84-crore-up-14-29-y-o-y-6432501.html{{/footnote}}
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	122	+**February 02, 2021**; Reported Consolidated quarterly numbers for ICICI Bank are:
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	124	+* Net Interest Income (NII) at Rs 11,801.84 crore in December 2020 up 14.29% from Rs. 10325.82 crore in December 2019.
	125	+* Quarterly Net Profit at Rs. 5,498.15 crore in December 2020 up 17.73% from Rs. 4,670.10 crore in December 2019.
	126	+* Operating Profit stands at Rs. 10,258.28 crore in December 2020 up 15.3% from Rs. 8,896.72 crore in December 2019.
	127	+* ICICI Bank EPS has increased to Rs. 7.97 in December 2020 from Rs. 7.22 in December 2019.
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117	117	= References =
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119	119	{{putFootnotes/}}