Karawal Nagar is a neighborhood located in the north-east part of Delhi. It is a part of the National Capital Region. The place was founded in 1993 and it was earlier spelled as Qarawal Nagar. It is a census town in Delhi and hosts more than two lakh residents. Hindi and English are the commonly used languages in this town. Karawal Nagar experiences a climate quite similar to that of Delhi - dry hot summers and freezing winters, with very less rainfall.
The ICICI Bank is one of the major private banks with assets of around 17.25 billion US$. Currently, the bank has a presence of 4,867 branches and 14,367 ATMs in India as of 31st March 2018. ICICI Ltd initially promoted the ICICI Bank in the year 1994. ICICI Ltd was created at the initiative of World Bank, GOI and few representatives of Indian industry in 1955, with the primary objective of developing an institution to provide medium and long-term project financing to Indian businesses. In the year 2001, the ICICI Ltd and ICICI Bank board and the shareholders approved for the merger of these two entities and two of its wholly-owned subsidiaries, ICICI Capital Services Ltd and ICICI Personal Financial Services Ltd. As a result in April 2002, the ICICI banking and financing operations, both wholesale and retail had been merged into a single entity. The ICICI Bank provides several banking products and financial services to its corporate and retail customers through different delivery channels and the group companies. The board members of ICICI Bank consists of individuals having rich experience in banking and financial services, international business, management consulting. For CSR, the ICICI Bank is involved in human and economic development at the national level.