Indore is a rapidly developing tier 2 city which is also the commercial capital of the state of Madhya Pradesh. It is proceeding towards becoming a major cosmopolitan hub in central India. The city has set trends in the fields of art, media, commerce, trade, fashion, etc. Indore emphasizes upon finance, research, technology, education and entertainment too, thus justifying its status of being the commercial capital of the state. Indore is said to have the largest economy in central India. It serves as the business and trading capital of the state. Indore is known for its textile industry, which is the largest in India. Handloom and dyeing industries are also quite popular in this city. Indore also focuses on extracting oil using Ghani, weaving bamboo mats and baskets and manufacturing metal utensils. It also has a growing industry of embossing and engraving on gold and silver ornaments. Indore is situated on a high elevation and at the same time, it is an inland location. Hence, it experiences a mix of the humid subtropical climate and the tropical savanna climate. Even the hottest days in the city are relaxed by relatively cool and comfortable nights. This place never lacks enjoyable things ? there are shopping malls, theatres, roller-coaster rides, go-karting tracks, magic shows, circuses - Indore has it all! It has many places of historical and religious importance for visitors to explore.
ICICI Bank is an Indian multinational and financial services company headquartered in Mumbai, Maharashtra, India, with its registered office in Vadodara. In 2017, it became the third largest bank in India concerning assets and fourth regarding market capitalization. It offers many products and financial services for corporate and retail customers through investment banking, life insurance, non-life insurance, venture capital and asset management. The bank had a vast network of 4,850 branches and 14,404 ATMs in India having a presence in 17 countries as of 2017. In 1998, ICICIs shareholding in ICICI Bank was reduced to 46 percent, through a public offering of shares in India , followed by an equity offering in the form of American Depositary Receipts on the NYSE in 2000. ICICI Bank acquired the Bank of Madura Limited in an all-stock deal in 2001, Sangli Bank in 2007 and Bank of Rajasthan in 2010. In 2000, ICICI Bank became the first Indian bank to list on the New York Stock Exchange with its five million American depositary shares. In October 2001, the merger of ICICI and two of its wholly-owned retail finance subsidiaries was permitted by the Boards of Directors of ICICI and ICICI Bank, ICICI Personal Financial Services Limited and ICICI Capital Services Limited, with ICICI Bank.