The Full form of ICICI is Industrial Credit and Investment Corporation of India. Headquartered in Mumbai (Maharashtra), ICICI is an Indian multinational banking and financial services company. In 2014, it was the second largest bank in terms of assets and third largest in terms of market capitalisation in India. What is the full form of ICICI ? - Industrial Credit and Investment Corporation of India - ICICI Bank, originally promoted by Industrial Credit and Inves ICICI was formed in 1955 at the initiative of the World Bank, the Government of India and representatives of Indian industry. The principal objective was to create a development financial institution for providing medium-term and long-term project financing to Indian businesses. The full form of ICICI is Industrial Credit and Investment Corporation of India . This abbreviation refers to the original development finance institution set up in 1955, which later gave rise to ICICI Bank, one of India’s leading private sector banks.