The board of ICICI Bank has approved the establishment of the ICICI Foundation for inclusive growth. The ICICI Foundation will integrate, consolidate and scale up the ICICI Group's existing initiatives in the area of philanthropy and development and expand into identified new areas, with the objective of catalyzing and accelerating social and economic inclusion by bridging economic and human development gaps.
This was approved at the board meeting held on 19 October 2007.
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