What is the Difference Between SBI and ICICI?

The main differences between State Bank of India (SBI) and ICICI Bank are:

1. Ownership: SBI is a state-owned and operated bank, while ICICI is a privately-owned bank.
2. Size and Establishment: SBI is the largest and oldest bank in India, with a market share of 20% among Indian commercial banks in deposits and loans. It has over 13,000 branches and a 56,000 ATM network across India. ICICI, on the other hand, is a relatively newer bank, established less than 25 years ago.
3. Interest Rates: SBI generally offers higher interest rates on savings accounts (2.7% to 3% per annum) compared to ICICI Bank (2.5% to 2.75% per annum).
4. Service Quality: ICICI Bank is known for providing better quality services, but it is stricter in cases of minimum balances and returns checks if the minimum balance is not maintained. SBI, being a public sector bank, has modernized over the last decade and offers services on par with ICICI.
5. International Transfers: SBI does not limit daily international transfer amounts, while ICICI limits daily transfers to $5,000.

In summary, SBI and ICICI Bank differ in terms of ownership, size, establishment, interest rates, service quality, and international transfer limits.

Comparative Table: SBI vs ICICI

Here is a table comparing the differences between SBI (State Bank of India) and ICICI (Industrial Credit and Investment Corporation of India) Bank:

Please note that the information provided is based on the available search results, which primarily focus on fixed deposit interest rates. There may be other differences between the two banks in terms of services, products, and management structure.