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    ICICIBANK   INE090A01021

ICICI BANK LIMITED

(ICICIBANK)
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ICICI Bank : announces ‘Home Utsav', a virtual property exhibition

10/12/2021 | 05:52am EST

Press Release

October 12, 2021

For Immediate Release

ICICI Bank announces 'Home Utsav', a virtual property exhibition

  • It showcases over 350 projects by leading developers
  • It offers exclusive benefits such as attractive interest rate, special processing fee, digital sanction of loan and discounts from developers
  • Anyone, including those who are not customers of ICICI Bank, can avail of the benefits

Mumbai: ICICI Bank today announced the launch of 'Home Utsav', a virtual property exhibition that digitally showcases real estate projects by renowned developers from key cities across the country. The exhibition offers enhanced convenience to prospective home buyers as they can select their dream home simply by browsing through projects, which are approved by the Bank, and avail exclusive benefits from the comfort of their home and office. The list of benefits include attractive interest rate on home loan, special processing fees and digital sanction of loans and exclusive offers from developers. Anyone, including those who are not customers of ICICI Bank, can avail of these benefits on buying a property through the exhibition. Customers of ICICI Bank can enjoy further benefits by availing of the Bank's pre-approved home loan offers.

This is the second edition of the virtual property exhibition being organised by the Bank after the first edition receiving stupendous success last year. The 'Home Utsav' showcases over 350 projects by more than 200 leading developers across 12 cities, namely, Mumbai MMR, Delhi NCR, Hyderabad, Bengaluru, Chennai, Kolkata, Ahmedabad, Pune, Nashik, Vadodara, Surat and Jaipur. The exhibition will go on till end of December 2021 and can be accessed on www.homeutsavicici.com. The platform provides convenience and hassle-free experience through its search feature, wherein a home buyer can look for properties as per his/her needs, based on parameters like budget, locality, configuration and construction status.

Speaking on the initiative, Mr. Sanjay Singhvi, Head - Secured Assets, ICICI Bank said, "We are pleased to introduce 'Home Utsav' again this year, after an impressive response we received last year. Our aim is to virtually showcase prominent real estate properties by leading developers from various top cities of our country to prospective home buyers. The exhibition offers unique features of a wide range of properties and a bouquet of exclusive benefits all from a single portal. We believe that this is a good opportunity for everyone seeking to buy a dream home in a hassle-free and convenient manner. This festive season, ICICI Bank intends to take prospective home buyers a step closer to their dream home and be a harbinger of happiness and festivities."

Below are some key benefits of 'Home Utsav':

  • Wide range: The exhibition showcases wide range of over 350 ICICI Bank approved properties by 200 leading developers from top cities across the country
  • Convenience to customers: Customers can participate in the virtual exhibition of curated properties from the convenience of their home and office
  • Special rates: The exhibition offers attractive home loan interest rates starting from 6.70%* and special processing fees
  • Digital process: Any one, including those who don't have any banking relationship with ICICI Bank, can avail digital sanction for home loans in easy steps through 'Express Home Loan' platform.
  • Developer discount: Exclusive direct discounts are offered to customers by developers

One can participate in 'Home Utsav' by visiting: www.homeutsavicici.com

*Terms and conditions apply.

For news and updates, visit www.icicibank.comand follow us on Twitter at www.twitter.com/ICICIBank

For media queries, write to: corporate.communications@icicibank.com

About ICICI Bank: ICICI Bank Ltd (BSE: ICICIBANK, NSE: ICICIBANK and NYSE:IBN) is a

leading private sector bank in India. The Bank's consolidated total assets stood at ₹15,72,772

crore at June 30, 2021. ICICI Bank's subsidiaries include India's leading private sector insurance,

asset management and securities brokerage companies, and among the country's largest

private equity firms. It is present across 15 countries, including India.

Certain statements in this release relating to a future period of time (including inter alia concerning our future business plans or growth prospect s) are forward - looking statements intended to qualify for the 'safe harbor' under applicable securities laws including the US Private Securities Litigation Reform Act of 1995. Such forward - looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward - looking statements. These risks and uncertainties include, but are not limited to statutory and regulatory changes, international economic and business conditions; political or economic instability in the jurisdictions where we have operations, increase in non - performing loans, unanticipated changes in interest rates, foreign exchange rates, equity prices or other rates or prices, our growth and expansion in business, the adequacy of our allowance for credit losses, the actual growth in demand for banking products and services, investment income, cash flow projections, our exposure to market risks, changes in India's sovereign rating, as well as other risks detailed in the reports fi led by us with the United States Securities and Exchange Commission. Any forward looking statements contained herein are based on assumptions that we believe to be reasonable as of the date of this release. ICICI Bank undertakes no obligation to update forward - looking statements to reflect events or circumstances after the date thereof. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov

Disclaimer

ICICI Bank Ltd. published this content on 12 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 October 2021 09:51:04 UTC.


ę Publicnow 2021
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Sales 2022 659 B 8 760 M 8 760 M
Net income 2022 219 B 2 916 M 2 916 M
Net Debt 2022 - - -
P/E ratio 2022 22,6x
Yield 2022 0,60%
Capitalization 4 972 B 66 073 M 66 118 M
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Capi. / Sales 2023 6,52x
Nbr of Employees 98 750
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Sandeep Bakhshi Chief Executive Officer, MD & Executive Director
Sandeep Batra President & Executive Director
Rakesh Jha Group Chief Financial Officer
Girish Chandra Chaturvedi Non-Executive Chairman
Ranganath Athreya Secretary, Compliance Officer & General Manager
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