ICICI PFS definition

ICICI PFS means ICICI Personal Financial Services Limited, a company incorporated under the Companies Act, 1956, and having its registered office at ICICI Towers, Bandra-Kurla Complex, Mumbai 400 051, Maharashtra.
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Examples of ICICI PFS in a sentence

  • The objects for which ICICI PFS has been incorporated are set out in its Memorandum of Association.

  • ICICI, ICICI Capital and ICICI PFS are collectively referred to as the “Transferor Companies”.

  • A copy of the Scheme, setting out the terms and conditions of the amalgamation of the Transferor Companies with the Transferee Company, which has been approved by the Board of Directors of each of ICICI, ICICI Capital, ICICI PFS and ICICI Bank at their respective meetings held on October 25, 2001, is enclosed.

  • No shares shall be issued by the Transferee Company pursuant to the amalgamation of ICICI Capital and ICICI PFS, both of which are wholly owned subsidiaries of ICICI.

  • The Registered Office of ICICI PFS is situated at ICICI Towers, Bandra-Kurla Complex, Mumbai 400 051.

  • No shares would be issued pursuant to the amalgamation of ICICI PFS and ICICI Capital, both of which are wholly owned subsidiaries of ICICI.

  • Consequent to the merger of erstwhile ICICI Limited and two of its subsidiaries ICICI PFS Limited and ICICI Capital Services Limited with the Bank, the following has been considered as reportable segments: -• Commercial Banking comprising the retail and corporate banking business of the Bank.

  • In terms of the Scheme of Amalgamation of ICICI Limited (ICICI), ICICI Capital Services Limited (ICICI Capital) and ICICI Personal Financial Services Limited (ICICI PFS) with ICICI Bank Limited (ICICI Bank), Directors and employees to whom stock options were granted by ICICI under the employees’ stock option scheme, would receive options in ICICI Bank in the ratio of one equity share of Rs. 10 for every two equity shares of Rs. 10 each granted in ICICI.

  • Accordingly, ICICI Bank’s US GAAP accounts for fiscal 2002 do not reflect the results of operations, assets and liabilities of ICICI, ICICI PFS and ICICI Capital, or of subsidiaries of ICICI that have now become subsidiaries of ICICI Bank.

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