ICICI Bank Limited (NYSE:IBN) is India's largest private sector bank and the second largest bank in the country, with consolidated total assets of over $ 119 billion at September 30, 2012. ICICI Bank’s subsidiaries include India’s leading private sector insurance companies and among its largest securities brokerage firms, mutual funds and private equity firms. ICICI Bank’s presence currently spans 19 countries, including India.
About Social Money:
Social Money’s goal-based saving systems are centered on proprietary, patent-pending technology and feature the latest in security standards to create a customized user experience that replaces the typical savings programs of the past. By utilizing Social Money’s Goal Saver product, any financial services company in the world may offer its customer base an innovative approach to saving, in any language and any currency. The product helps create true customer engagement, a social networking strategy, and incremental revenue, while driving brand awareness and gathering valuable data on future spend. The award-winning financial services company is headquartered in West Des Moines, Iowa, and has offices in Chandigarh, India.
Except for the historical information contained herein, statements in this release, which contain words or phrases such as 'will', 'would', etc., and similar expressions or variations of such expressions may constitute 'forward-looking statements'. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to our ability to obtain statutory and regulatory approvals and to successfully implement our strategy, future levels of non-performing loans, our growth and expansion in business, the adequacy of our allowance for credit losses, technological implementation and changes, the actual growth in demand for banking products and services, investment income, cash flow projections, our exposure to market risks as well as other risks detailed in the reports filed by us with the United States Securities and Exchange Commission. ICICI Bank undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date thereof.