The city of Sagar is located in the Indian state of Madhya Pradesh. It is situated on the Vindhya Range at the height of 1758 feet above sea-level. Sagar is located almost in the center of the country. Its original name was saugor which is a combination of two words: sau that means Hundred in Hindi and garh which is the Hindi word for forts. The city had countless small-forts in its vicinity and hence it was named this way. The original name was eventually modified to Sagar. This city has been selected to be developed as a smart city under PM Narendra Modis flagship Smart Cities Mission. The city experiences a humid subtropical climate with hot summers and comfortable winters. Sagar is home to more than 2 million residents.
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.