Is ICICI & HDFC banks a Govt bank or private who owns it?

The Industrial credit &Investment coorp of India is one of the oldest banks dating way back frm 1950.At that time there was only govt banks. And the bank played an important role in the growth of industries through underwriting etc similar is the case of HDFC also.

But now for the fast 7-9 years we have been hearing a lot abt ICICI there loans and other things and many believe they are private banks.But i have my doubts.
Can someone satisfactorily explain to me

Hai Roshan A,

Both banks are Private Banks, just like HSBC, Citi, Standard Chartered, etc.

You are right in ICICI & HDFC were government of India Undertakings. But the situation is different now.

ICICI started ICICI Bank. At that point of time the government had indirect ownership through ICICI. Then the government disinvested from ICICI, and ICICI itself was merged in ICICI Bank!

The owners of the banks are its share holders.

The share holders comprise of Promoters and Public.

The Public shareholding comprise of Institutions & Non-institutions.

Institutions include both Indian(UTI, Mutual Funds, FInancial Institutions, Other Banks, Insurance companies - like LIC & GIC, even state & central governments) & Foreign(for instance Temasek of Singapore, Govt. of Singapore, etc).

Non-Institutions mean individuals like you & me, and bodies which do not come under the category of institutions, as exemplified above.

At present, Promoters hold @25% of shares in HDFC Bank. Institutions hold @35%, Non-Institutions hold @22% & Custodians hold @18%.

Shareholding pattern of most companies are available in their websites and are usually updated every 3 months.

For HDFC Bank go to:
http://www.hdfcbank.com/aboutus/default....

For ICICI Bank go to: http://icicibank.com/pfsuser/aboutus/ove...

You can know the shareholding of any listed company by visiting the websites of Bombay Stock Exchange & National Stock Exchange at www.bseindia.com & www.nseindia respectively.

BOTH ARE PRIVATE BANKS.

ICICI and HDFC are private banks under licence from Reserve Bank of India. These are the biggest private banks in India, CITI Bank, SCB, HSBC, are multinational banks in India