# ICICI Bank

> Source: https://docs.barcoder.ai/docs/wallets/icici-bank
> research date 2026-05-29 · extracted at 2026-10-07
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [ICICI Bank — official](https://www.icicibank.com/)

## Overview

**ICICI Bank** is **India's 2nd largest private sector bank** + **market cap ₹9,94,526.93 crore** (as of Feb 9, 2026) <sup>[1][1], [2][2], [India report](https://docs.barcoder.ai/docs/payments/IN)</sup>. **iMobile Pay** = ICICI Bank's flagship mobile banking + payments app — **India's first-of-its-kind facility** that extends mobile banking to customers of any bank.

**Distinctive iMobile Pay positioning** <sup>[3][3], [4][4]</sup>:
- **July 12, 2020 iMobile Pay launch** — India's first app that offers payments + banking services for customers of all banks (not just ICICI customers)
- **1+ crore (10M+) iMobile Pay customers** of any bank (non-ICICI customer base) — distinctive Indian banking-to-any-bank-customer extension
- **iMobile Pay services**: UPI payments + recharge + utility payments + transfer money instantly + bills + loans + cards + banking + investments
- **Distinctive open-banking model**: First Indian app to extend mobile-banking ambit beyond own customer base

## History

**1994 — ICICI Bank founded** as subsidiary of ICICI Ltd (Industrial Credit and Investment Corporation of India).

**2002 — ICICI Ltd + ICICI Bank reverse merger** — ICICI Bank becomes independent listed entity.

**2010s — Mass Indian retail + corporate digital banking expansion**.

**July 12, 2020 — iMobile Pay launches** <sup>[3][3]</sup> — India's first app offering payments and banking services for customers of all banks (not just ICICI).

**2020-2025 — Mass non-ICICI customer adoption of iMobile Pay** <sup>[4][4]</sup>: 1+ crore (10M+) customers of any bank on-boarded.

**February 9, 2026 — ICICI Bank market cap ₹9,94,526.93 crore** (India's 2nd largest private sector bank) <sup>[2][2]</sup>.

## Ownership & operator

**Operating entity**: **ICICI Bank Limited** (BSE: 532174; NSE: ICICIBANK; NYSE: IBN).

**Major shareholders**: **Foreign Institutional Investors (FIIs) + Domestic Institutional Investors + LIC (Life Insurance Corporation of India) + Government of India indirect via LIC + BSE + NSE + NYSE public floats** (widely held).

**Regulators**: **RBI (Reserve Bank of India)** + **SEBI (Securities and Exchange Board of India)** + per-country.

## Technical integration

| Layer | Description |
|---|---|
| **Channels** | iMobile Pay app (iOS + Android; primary IN retail-banking mobile channel; distinctive open-banking model for any bank's customers) + ICICI Bank Online Banking + ICICI Bank cards (Visa + Mastercard + RuPay) + ICICI Bank extensive branch network |
| **Identifiers** | Phone + email + card number + Aadhaar (Indian UIDAI national ID) |
| **IN rails** | **[UPI QR](https://docs.barcoder.ai/docs/standards/upi-qr)** (NPCI Unified Payments Interface; iMobile Pay UPI primary use case) + **[Bharat QR](https://docs.barcoder.ai/docs/standards/bharat-qr)** (NPCI BharatQR + interoperable QR) |
| **License** | Bank (ICICI Bank full Indian banking license; India's 2nd largest private sector bank by market cap) |
| **Sub-products** | iMobile Pay (open-banking app for all banks' customers since Jul 12 2020) + ICICI Bank Account + ICICI Bank Cards + ICICI Bank Credit + ICICI Bank Home Loans + ICICI Bank Auto Loans + ICICI Bank Investments + ICICI Lombard (general insurance) + ICICI Prudential (life insurance) + ICICI Securities (brokerage) + ICICI Direct + ICICI Bank for Business + ICICI Bank Wealth + Pockets (digital wallet) |
| **Distinctive iMobile Pay open-banking model**: India's first app to extend mobile-banking ambit beyond own customer base to customers of all banks (not just ICICI) |
| **Multi-country presence**: 14+ countries (IN + GB + CA + US + BH + AE + SG + HK + LK + KE + ZA + CN + BE + DE) |

## Users & growth

**2025-2026 baseline** <sup>[2][2], [4][4]</sup>:
- **India's 2nd largest private sector bank by market cap** (₹9,94,526.93 crore as of Feb 9, 2026)
- **iMobile Pay 1+ crore (10M+) customers** of any bank (non-ICICI customer base) on-boarded — distinctive open-banking adoption
- **Multi-country presence**: 14+ countries

## Use cases

Indian + multi-country retail + corporate + investment + wealth-management + insurance + home loans + auto loans banking via iMobile Pay (open to all banks' customers since Jul 12 2020) + ICICI Bank Online + cards + branches; UPI + BharatQR Indian national rails; iMobile Pay UPI payments + recharge + utility payments + transfer money + bills + loans + cards + banking + investments for customers of any bank; ICICI Lombard insurance + ICICI Prudential life insurance + ICICI Securities brokerage + ICICI Direct.

## Implementations & partners

**Operator**: **ICICI Bank Limited** (BSE: 532174; NSE: ICICIBANK; NYSE: IBN).

**Major shareholders**: **Foreign Institutional Investors + Domestic Institutional Investors + LIC (Life Insurance Corporation of India) + Government of India indirect via LIC + BSE + NSE + NYSE public floats** (widely held).

**Major Indian banking + fintech competitors**:
- **[HDFC Bank App](https://docs.barcoder.ai/docs/wallets/hdfc-bank)** (HDFC Bank; India's largest private sector bank by assets + market cap; 120M+ customers post-2023 HDFC Ltd merger; world's 10th largest bank by market cap)
- **[SBI YONO (State Bank of India)](https://docs.barcoder.ai/docs/wallets/sbi-yono)** (State Bank of India SBI YONO; India's largest bank with 23% market share + 25% loan/deposit share; 87.7M YONO users FY25; SBI YONO 2.0 targets 20 crore users)
- **Axis Bank** (India's 3rd largest private sector bank)
- **Kotak Mahindra Bank** + **IndusInd Bank** + **Yes Bank** + **IDBI Bank** + **Federal Bank** (Indian private banks)
- **Bank of Baroda + Punjab National Bank + Canara Bank + Union Bank of India + Bank of India + Indian Bank** (Indian public sector banks)
- **[Paytm](https://docs.barcoder.ai/docs/wallets/paytm)** + **[PhonePe](https://docs.barcoder.ai/docs/wallets/phonepe)** + **[Google Pay](https://docs.barcoder.ai/docs/wallets/google-pay)** (Indian UPI + wallet ecosystem)

**ICICI Bank subsidiaries**: **ICICI Lombard** (general insurance) + **ICICI Prudential** (life insurance) + **ICICI Securities** (brokerage) + **ICICI Direct**.

**Regulators**: **RBI + SEBI + per-country (e.g., CBUAE + others across 14+ countries)**.

## Fun facts

- **India's 2nd largest private sector bank by market cap** (₹9,94,526.93 crore as of Feb 9, 2026).
- **July 12, 2020 iMobile Pay launch** — India's first app offering payments and banking services for customers of all banks (not just ICICI Bank customers).
- **iMobile Pay 1+ crore (10M+) customers of any bank** on-boarded — distinctive open-banking adoption.
- **1994 founding** as subsidiary of ICICI Ltd (Industrial Credit and Investment Corporation of India).
- **2002 ICICI Ltd + ICICI Bank reverse merger** — ICICI Bank becomes independent listed entity.
- **Multi-country presence**: 14+ countries (IN + GB + CA + US + BH + AE + SG + HK + LK + KE + ZA + CN + BE + DE).
- **ICICI Lombard + ICICI Prudential + ICICI Securities + ICICI Direct** subsidiaries — distinctive ICICI financial-services ecosystem.
- **LIC (Life Insurance Corporation of India) major shareholder** — distinctive Government of India indirect ownership via LIC.

## Comparison

| Feature | ICICI iMobile Pay | [HDFC Bank App](https://docs.barcoder.ai/docs/wallets/hdfc-bank) (India's largest private sector bank rival; 120M+ post-merger) | [SBI YONO (State Bank of India)](https://docs.barcoder.ai/docs/wallets/sbi-yono) (India's largest bank + 87.7M YONO users FY25 rival) | [Axis Bank / Axis Mobile](https://docs.barcoder.ai/docs/wallets/axis-bank) (India's 3rd largest private bank comparable) | [Paytm](https://docs.barcoder.ai/docs/wallets/paytm) (Indian UPI + wallet ecosystem leader) |
|---|---|---|---|---|---|
| Operator | **ICICI Bank Limited (BSE: 532174; NSE: ICICIBANK; NYSE: IBN; widely held: FII + DII + LIC (Life Insurance Corporation of India) + Government of India indirect via LIC + BSE + NSE + NYSE public floats)** | HDFC Bank Limited (BSE: 500180; NSE: HDFCBANK; NYSE: HDB; widely held + HDFC Ltd founding parent merged Jul 2023) | State Bank of India (BSE: 500112; NSE: SBIN; Indian government majority shareholder) | Axis Bank Limited (BSE: 532215; NSE: AXISBANK) | Paytm (One97 Communications; NSE: PAYTM) |
| Type | **India's 2nd private sector bank by market cap (₹9,94,526.93 crore Feb 9 2026) + iMobile Pay (first-of-its-kind India app extending mobile banking to customers of all banks) + 14+ countries** | India's largest private sector bank by assets + market cap + world's 10th largest bank by market cap (2025) + 120M customers post-2023 HDFC Ltd merger | India's largest bank + India's largest public sector bank + 23% market share + SBI YONO digital platform | India's 3rd largest private sector bank | Indian UPI + wallet ecosystem leader |
| Country | IN + 13+ other countries | IN + 7 other countries | IN + multi-international | India primary | India primary |
| Users | **iMobile Pay 1+ crore (10M+) customers of any bank (non-ICICI customer base) on-boarded; India's 2nd private sector bank by market cap** | 120M (12 crore) customers post-2023 HDFC Ltd merger (surpasses Germany population); 8,735 branches + 20,938 ATMs | 87.7M YONO users FY25; SBI 53+ crore customers; 23% market share | India 3rd largest private | Major Indian UPI + wallet |
| Distinctive | **1994 ICICI Bank founding as subsidiary of ICICI Ltd; 2002 ICICI Ltd + ICICI Bank reverse merger; Jul 12 2020 iMobile Pay launch as India's first app extending mobile-banking ambit beyond own customers to all banks' customers (distinctive open-banking model); 1+ crore (10M+) non-ICICI customers on-boarded; ICICI Lombard + ICICI Prudential + ICICI Securities + ICICI Direct subsidiaries; LIC (Life Insurance Corporation of India) major shareholder; 14+ countries** | 1994 founding as private-sector bank by HDFC Ltd; Jul 2023 HDFC Ltd + HDFC Bank merger; 120M customers post-merger; world's 10th largest bank by market cap (2025); multi-language strategy (Hindi + 10+ Indian languages) | India's largest bank (23% market share + 25% loan/deposit share); SBI YONO 87.7M users FY25; SBI YONO 2.0 targets 20 crore users; SBI 43rd largest bank in world; SBI market cap crossed ₹10 Lakh Crore early 2026 | India 3rd largest private bank | UPI + wallet leader |

## Status

**Active, India's 2nd largest private sector bank by market cap + iMobile Pay first-of-its-kind India open-banking app** <sup>[1][1], [3][3]</sup>:
- **ICICI Bank Limited** (BSE: 532174; NSE: ICICIBANK; NYSE: IBN) since 1994 (subsidiary of ICICI Ltd) / 2002 (reverse merger to become independent listed entity).
- **iMobile Pay** since July 12, 2020 — distinctive India's first app for all banks' customers; 1+ crore (10M+) on-boarded.
- **Market cap ₹9,94,526.93 crore** (as of Feb 9, 2026).
- **Multi-country presence**: 14+ countries.
- **ICICI Lombard + ICICI Prudential + ICICI Securities + ICICI Direct** subsidiaries.
- **LIC (Life Insurance Corporation of India) major shareholder**.
- **RBI + SEBI + per-country regulated**.

## Sources

[1]: https://www.icicibank.com/ "ICICI Bank — official"
[2]: https://www.screener.in/company/ICICIBANK/consolidated/ "ICICI Bank Ltd share price | About ICICI Bank — Screener"
[3]: https://www.icicibank.com/about-us/article/news-icici-bank-launches-imobile-indias-first-app-that-offers-payments-and-banking-services-for-all--20200712121208992 "ICICI Bank launches iMobile Pay July 12 2020 — ICICI Bank"
[4]: https://ibsintelligence.com/ibsi-news/icici-launches-imobile-pay-app-offers-services-for-customers-of-any-bank/ "ICICI launches iMobile Pay app for customers of any bank — IBS Intelligence"
[in-cro]: https://docs.barcoder.ai/docs/payments/IN

- [1] [ICICI Bank — official][1]
- [2] [ICICI Bank Ltd share price — Screener][2]
- [3] [ICICI Bank launches iMobile Pay July 12 2020 — ICICI Bank][3]
- [4] [ICICI launches iMobile Pay app for customers of any bank — IBS Intelligence][4]
- <sup>[India report](https://docs.barcoder.ai/docs/payments/IN)</sup> In-corpus: `reports/countries/IN-india.md`

## Source

Biography extracted from [icici-bank.md](https://docs.barcoder.ai/source/wallets/icici-bank). See `matrix.md` for standards-support matrix if present.