ICICI Bank Ltd.

Competition Commission of India has discarded allegations that ICICI Bank indulged in unfair trade practices and abused its dominant position in the market by cheating its clients. Earlier, Ohm Forex Services had alleged that ICICI ‘embezzled’ funds from it by charging commission ranging up to 0.99 paisa per dollar on all the transactions without its consent.

ICICI Bank is India’s largest private sector bank. 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 across 18 international locations.