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Hai Roshan A,

Both banks are Private Banks, just like HSBC, Citi, Standard Chartered, etc.

You are right in ICICI & HDFC were government of India Undertakings. But the situation is different now.

ICICI started ICICI Bank. At that point of time the government had indirect ownership through ICICI. Then the government disinvested from ICICI, and ICICI itself was merged in ICICI Bank!

The owners of the banks are its share holders.

The share holders comprise of Promoters and Public.

The Public shareholding comprise of Institutions & Non-institutions.

Institutions include both Indian(UTI, Mutual Funds, FInancial Institutions, Other Banks, Insurance companies - like LIC & GIC, even state & central governments)& Foreign(for instance Temasek of Singapore, Govt. of Singapore, etc).

Non-Institutions mean individuals like you & me, and bodies which do not come under the category of institutions, as exemplified above.

At present, Promoters hold @25% of shares in HDFC Bank. Institutions hold @35%,Non-Institutions hold @22% & Custodians hold @18%.

Shareholding pattern of most companies are available in their websites and are usually updated every 3 months.

For HDFC Bank go to:http://www.hdfcbank.com/aboutus/default....

For ICICI Bank go to: http://icicibank.com/pfsuser/aboutus/ove...

You can know the shareholding of any listed company by visiting the websites of

Bombay Stock Exchange & National Stock Exchange at www.bseindia.com & www.nseindia respectively.

Other Answers (2)Relevance

Harinder S. Johal answered 7 years ago ICICI and HDFC are private banks under licence from Reserve Bank of India. These are the biggest private banks in India, CITI Bank, SCB, HSBC, are multinational banks in India

Mr H.T. Parekh, founder of HDFC Bank and Mr Deepak Parekh, who is the current Chairman.

ICICI BANK(1955)The Industrial Credit and Investment Corporation of India Limited (ICICI)incorporated at the initiative of the World Bank, the Government of India and representatives of Indian industry, with the objective of creating a development financial institution for providing medium-term and long-term project financing to Indian businesses. Mr.A.Ramaswami Mudaliar elected as the first Chairman of ICICI Limited.

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(1996)Mr. K.V.Kamath appointed the Managing Director and CEO of ICICI Ltd

Other Answers (2)Relevance

sukhjinder_sehgal answered 6 years ago Founder of HDFC Bank is V.Parekh, His son Mr.Deepak Parekh is now a chairmanof HDFC Bank, and founder of ICICI is Mr.N Vaghul

Narayanan VaghulFormer CEO, ICICI Bank

Narayanan Vaghul is the Chairman of the Investment Committee at Ventureast.

Mr. Vaghul, who is undoubtedly one of India's finest visionaries today, startedhis career on a modest note, as an officer in the State Bank of India. His people and problem solving abilities quickly took him to heights many young and aspiring bankers in India can only dream of reaching. From being appointed the Director of the National Institute of Bank Management (NIBM), to becoming the Chairmanand Managing Director of the Bank of India, which made him one of India's young

est Chairman of a nationalised bank at the age of 44, it was simply one milestone after another.

In 1985, he was appointed as Chairman of the Industrial Credit and Investment Corporation of India (ICICI), now known as ICICI Bank and was instrumental in growing the organisation from a small-size development financial institution to a large diversified financial conglomerate. He has also served as a consultant to the World Bank, the International Finance Corporation and the Asian Development Bank.

Mr. Vaghul was presented the Business Man of the Year Award in 1991 by Indian business journal 'Business India' and later given the lifetime achievement award by the Times publications. More recently, he was conferred the third highest civi

lian honor, the Padma Bhushan, by the Government of India for his services to the banking industry and to society.

With 50 years of rich experience in the banking and financial services industrybehind him, he now serves as a director on the boards of many leading Indian companies. Since 1998 he has been a visiting professor at New York University, teaching a regular course "Emerging Economies" to MBA students. His work takes him all over the country though he is now settled in Chennai, India. At the age of 64, Narayanan Vaghul continues to be as busy as ever.

ICICI Bank was originally promoted in 1994 by ICICI Limited, an Indian financialinstitution, and was its wholly-owned subsidiary. ICICI's shareholding in ICICIBank was reduced to 46% through a public offering of shares in India in fiscal

1998, an equity offering in the form of ADRs listed on the NYSE in fiscal 2000,ICICI Bank's acquisition of Bank of Madura Limited in an all-stock amalgamationin fiscal 2001, and secondary market sales by ICICI to institutional investors in fiscal 2001 and fiscal 2002. ICICI was formed in 1955 at the initiative of theWorld Bank, the Government of India and representatives of Indian industry. Theprincipal objective was to create a development financial institution for providing medium-term and long-term project financing to Indian businesses.

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In the 1990s, ICICI transformed its business from a development financial institution offering only project finance to a diversified financial services group offering a wide variety of products and services, both directly and through a number of subsidiaries and affiliates like ICICI Bank. In 1999, ICICI become the first Indian company and the first bank or financial institution from non-Japan Asia to be listed on the NYSE.

After consideration of various corporate structuring alternatives in the contextof the emerging competitive scenario in the Indian banking industry, and the move towards universal banking, the managements of ICICI and ICICI Bank formed theview that the merger of ICICI with ICICI Bank would be the optimal strategic alternative for both entities, and would create the optimal legal structure for the ICICI group's universal banking strategy. The merger would enhance value for ICICI shareholders through the merged entity's access to low-cost deposits, greater opportunities for earning fee-based income and the ability to participate inthe payments system and provide transaction-banking services. The merger would enhance value for ICICI Bank shareholders through a large capital base and scaleof operations, seamless access to ICICI's strong corporate relationships built up over five decades, entry into new business segments, higher market share in various business segments, particularly fee-based services, and access to the vasttalent pool of ICICI and its subsidiaries.

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 ICICIBank. The merger was approved by shareholders of ICICI and ICICI Bank in January2002, by the High Court of Gujarat at Ahmedabad in March 2002, and by the HighCourt 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.

ICICI Bank has formulated a Code of Business Conduct and Ethics for its directors and employees. (Click here to view a copy of the Code)