Question

1.Explain the main objectives and functions of ICICI.

Answer 1

Answer:

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The objective of ICICI Bank:

To assist in the formation, development, and modernization of business enterprises in the non-public sector. It also provides medium term and long term loans in rupees and foreign currencies. To underwrites new issues of shares and debentures. It provides equipment finance.

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Answer 2

Explanation:

The objective of ICICI Bank:

To assist in the formation, development, and modernization of business enterprises in the non-public sector. It also provides medium term and long term loans in rupees and foreign currencies. To underwrites new issues of shares and debentures. It provides equipment finance.