About us

In this section:

About HiSAVE
About ICICI Bank UK PLC
About ICICI Bank Limited

About HiSAVE

HiSAVE is a range of high interest online savings accounts brought to you by ICICI Bank UK PLC.

The HiSAVE savings range offers

Straightforward savings accounts with no catches and no penalties
Consistently high interest rates
A secure online banking system providing savers 24/7 access to their savings

About ICICI Bank UK PLC

ICICI Bank UK PLC is a 100% owned subsidiary of ICICI Bank Limited, which looks after the financial needs of 25 million customers worldwide.

ICICI Bank UK PLC has been operating since 2003 and offers retail, corporate and investment banking services in the UK and Europe.

ICICI Bank UK PLC is:

Authorised and regulated by the Financial Services Authority (www.fsa.gov.uk)
A member of the UK Financial Services Compensation Scheme (www.fscs.org.uk). This protects your deposits up to the compensation limit of the scheme – currently 100% of the first £50,000 of your total deposits held with us (or 100% of the first £100,000 in the case of joint account holders)
A subscriber to the Lending Code (www.lendingstandardsboard.org.uk/thecode.html) – a voluntary code that sets the standards for good banking practice.

Financial security is as important to us as it is to you. Despite the current climate we are proud to report total assets of $7.3bn, and a strong capital adequacy ratio (for the financial year ending 31 March 2009).

Our capital adequacy ratio (?) is 16% (as at 30 June 2009). This is double the international standard of 8%. (Source: Basel II Accord)

Comparing Financial Strength - Figures are based on the latest Capital Adequacy Reports - a measure of bank's capital strength

Our current credit rating from Moody’s is Baa2.

About ICICI Bank Limited

ICICI Bank Limited has over 50 years financial experience and looks after the interests of more than 25 million customers in 19 different countries. It has total assets of c. $75 billion (as at 31 March 2009).

ICICI Bank Limited and its subsidiaries offer the following services: