PROJECT REPORT

ON
FINANCIAL ANALYSIS
OF

ICICI Bank
Submitted to
In the partial fulfillment of
Award of the degree of
Master of Business Administration
Submitted by:
Guidance of:

Under the

D Ignatious Auther

Ms. Heena

Roll no. 142213672125

M.B.A
CSI Institute of PG Studies

Lecturer,

Dept. of Business Management

CSI Institute of PG Studies
2013 - 2015

CERTIFICATION LETTER

TO WHOM IT MAY CONCERN

This is to certify that the Project Report entitled FINANCIAL ANALYSIS OF ICICI
Bank has been completed by: D Ignatious Auther under my supervision. To the
best of my knowledge, this is his own work and he has not submitted the same
elsewhere for the award of any other degree or diploma.

I approve it for submission in the partial fulfillment of the requirement for the
degree of Master of Business Administration.

Date
Ms. Heena
(Project Guide)
Place

Lecturer M.B.A,
CSI Institute of PG Studies,
Hyderabad

Abstract
In any organization, the two important financial statements are the Balance
Sheet and Profit & Loss Account of the business. Balance Sheet is a
statement of financial position of an enterprise at a particular point of time.
Profit & Loss account shows the net profit or net loss of a company for a
specified period of time. When these statements of the last few year of any
organization are studied and analyzed, significant conclusions may be
arrived regarding the changes in the financial position, the important policies
followed and trends in profit and loss etc. Analysis and interpretation of
financial statement has now become an important technique of credit
appraisal. The investors, financial experts, management executives and the
bankers all analyze these statements. Though the basic technique of
appraisal remains the same in all the cases but the approach and the
emphasis in the analysis vary. A banker interprets the financial statement so
as to evaluate the financial soundness and stability, the liquidity position and
the profitability or the earning capacity of borrowing concern. Analysis of
financial statements is necessary because it helps in depicting the financial
position on the basis of past and current records. Analysis of financial
statements helps in making the future decisions and strategies. Therefore it
is very necessary for every organization whether it is a financial or
manufacturing, to make financial statement and to analyze it.

List of Contents
Chapter I

Introduction
Objectives
Scope
Need
Limitations
Methodology

Chapter II

Chapter III

Review of Literature

Industry Profile
Company Profile

Chapter IV
Chapter V

Data Analysis & Interpretation

Findings, Suggestions & Conclusion
Bibliography

Chapter I
Introduction
1. Primary objective :1) To study the software used in ICICI Bank.
2) To analyze the financial statements of the corporation to assess its true
financial position by the use of ratios.
2. Secondary objective :1) To find out the shortcomings in ICICI Bank.
2) To see whether ICICI Bank is going well or not in different areas.
Need of the Study

By FINANCIAL PERFORMANCE ANALYSIS OF ICICI Bank we would be

able to get a fair picture of the financial position of ICICI Bank.
By showing the financial performance to various lenders and creditors
it is possible to get credit in easy terms if good financial condition is
maintained in the company with assets outweighing the liabilities.
Protecting the property of the business.
Compliances with legal requirement.
Scope of the Study
The first step while conducting research is careful definition of Research
Problem. To ERR IS THE HUMAN is a proverb which indicates that no one is
perfect in this world. Every researcher has to face many problems which
conducting any research thats why problem statement is defined to know
which type of problems a researcher has to face while conducting any study.
It is said that,
Problem well defined is problem half solved.
Basically, a problem statement refers to some difficulty, which researcher
experiences in the context of either a theoretical or practical situation and
wants to obtain the solution for the same.

The problem statement here is:Limitations of study

Difficulty in data collection.
Limited knowledge about the bank in the initial stages.
Branch manager was reluctant for giving financial data of
the bank.
The analysis and interpretation are based on secondary
data contained in the published annual reports of ICICI
Bank for the study period.
Due to the limited time available at the disposable , the
study has been confined for a period of 5 years (20052009).
Ratio itself will not completely show the companys good
or bad financial position.
Inter firm comparison was not possible due to the non
availability of competitors data.
The study of financial performance can be only a means
to know about the financial condition of the company and
cannot show a through picture of the activities of the
company
Research Methodology

The procedure adopted for conducting the research requires a lot of attention
as it has direct bearing on accuracy, reliability and adequacy of results
obtained. It is due to this reason that research methodology, which we used
at the time of conducting the research, needs to be elaborated upon. It may
be understood as a science of studying how research is done scientifically.
So, the research methodology not only talks about the research methods but
also considers the logic behind the method used in the context of the
research study. Research Methodology is a way to systematically study and
solve the research problems. If a researcher wants to claim his study as a
good study, he must clearly state the methodology adapted in conducting
the research the research so that it way be judged by the reader whether the
methodology of work done is sound or not.
Primary

Data collected through interactions and interviews.

Secondary

Data collected through different sources like company websites, Journals and
the financial statements from other websites.

CP II
Literature Review
INTRODUCTION OF THE TOPIC
Meaning Of Financial Statements
Financial statements refer to such statements which contains financial information
about an enterprise. They report profitability and the financial position of the
business at the end of accounting period. The team financial statement includes at
least two statements which the accountant prepares at the end of an accounting
period. The two statements are: The Balance Sheet
Profit And Loss Account
They provide some extremely useful information to the extent that balance Sheet
mirrors the financial position on a particular date in terms of the structure of assets,
liabilities and owners equity, and so on and the Profit And Loss account shows the
results of operations during a certain period of time in terms of the revenues
obtained and the cost incurred during the year. Thus the financial statement
provides a summarized view of financial positions and operations of a firm.
Meaning Of Financial Analysis:
The term financial analysis is also known as analysis and interpretation of
financial statements refers to the process of determining financial strength and
weakness of the firm by establishing strategic relationship between the items of the
Balance Sheet, Profit and Loss account and other operative data.
The first task of financial analysis is to select the information relevant to the
decision under consideration to the total information contained in the financial
statement. The second step is to arrange the information in a way to highlight
significant relationship. The final step is interpretation and drawing of inference and
conclusions. Financial statement is the process of selection, relation and evaluation.
Features of Financial Analysis
o
o

To present a complex data contained in the financial statement in simple and

understandable form.
To classify the items contained in the financial statement in convenient and
rational groups.

o To make comparison between various groups to draw various conclusions.

Purpose of Analysis of financial statements
To know the earning capacity or profitability.
To know the solvency.
To know the financial strengths.
To know the capability of payment of interest & dividends.
To make comparative study with other firms.
To know the trend of business.
To know the efficiency of mgt.
To provide useful information to mgt.
Procedure of Financial Statement Analysis
The following procedure is adopted for the analysis and interpretation of
financial statements: The analyst should acquaint himself with principles and postulated of
accounting. He should know the plans and policies of the management so
that he may be able to find out whether these plans are properly executed or
not.
The extent of analysis should be determined so that the sphere of work may
be decided. If the aim is find out. Earning capacity of the enterprise then
analysis of income statement will be undertaken. On the other hand, if
financial position is to be studied then balance sheet analysis will be
necessary.
The financial data be given in statement should be recognized and
rearranged. It will involve the grouping similar data under same heads.
Breaking down of individual components of statement according to nature.
The data is reduced to a standard form.
A relationship is established among financial statements with the help of
tools & techniques of analysis such as ratios, trends, common size, fund flow
etc.
The information is interpreted in a simple and understandable way. The
significance and utility of financial data is explained for help in decision
making.
The conclusions drawn from interpretation are presented to the management
in the form of reports.
Types Of Financial Analysis
There are different ways of analysis the financial statements:
1. On The Basis Of Process Of Analysis
a) Horizontal Analysis: This is used when the financial statement of a number
of years are to be analysed. Such analysis indicates the trends and the
increase or decrease in various items not only in absolute figures but also in
percentage form. This analysis indicates the strengths and weaknesses of the
firm. This analysis is also called as dynamic analysis because it also shows
the trend of the business.

b) Vertical Analysis : This is used when financial statements of a particular

year or on a particular date are analyzed. For this type of analysis we

generally use common size statements and the ratio analysis. It involves a
study of quantitative relationship among various items of balance sheet and
profit and loss account. This type of analysis is static analysis because this is
based on the financial results of one year. Vertical analysis is useful when we
have to compare the performance of different departments of the same
company.
Among these two types of analysis, horizontal analysis is more useful because it
brings out more clearly the trends of working of a firm. This gives us more
concrete bases for future planning.
2. On The Basis Of Information Available
a) Internal Analysis: This analysis is based on the information available to the
business firm only .Hence internal analysis is made by the management.
Internal analysis is more reliable and helpful for financial decisions.
b) External Analysis : This analysis is made on the basis of published
statements, reports and information. This analysis is made by external parties
such as creditors, investors, banks, financial analysis etc. external analysis is
less reliable in comparison to internal analysis because of limited and often
incomplete information.
3. On The Basis Of Number Of Firms
a) Inter-Firm Analysis : When financial analysis of two or more companies or
firms are analyzed and compared over a number of accounting period, it is
called inter-firm analysis.

b) Intra -Firm Analysis : intra-firm analysis is concerned with the

analysis of financial performance of different units or departments or
segments of the same enterprise or company. Similarly when financial
statements of two or more years of the same firm are analyzed and
compared it is also called as intra-firm analysis.
4. On The Basis Of Objectives :
a) Accounting Analysis: Accounting analysis is analysis of past financial
performance and involves examining how generally accepted accounting principles
and conventions have been applied in arriving at the values of assets, liabilities,
revenues and expenses.
b) Prospective Analysis : Prospective analysis involves developing forecasted
financial statements keeping in view the changes that are likely to shape and affect
the business given the assumptions about these changes and the limitation of the
forecasting technique used. This is quite complicated analysis.
Methods/Tools Of Financial Analysis
A number of methods can be used for the purpose of analysis of financial
statements. These are also termed as techniques or tools of financial analysis. Out
of these, and enterprise can choose those techniques which are suitable to its
requirements. The principal techniques of financial analysis are:-

a. Comparative financial statements

b. Common-size statements
c. Trend analysis
d. Ratio analysis
e. Funds flow analysis
f. Cash flow analysis
g. Break even point analysis
a. Comparative Financial Statements:
When financial statements figures for two or mote years are placed side-side to
facilitate comparison, these are called comparative Financial Statements. Such
statements not only show the absolute figures of various years but also provide for
columns to indicate to increase ort decrease in these figures from one year to
another. In addition, these statements may also show the change from one year to
another on percentage form. Such cooperative statements are of great value in
forming the opinion regarding the progress of the enterprise.
Objectives purpose or significance of comparative financial statements
1.To simplify data
2.To make inter period/inter-firm comparison
3.To indicate the trends
4.To enable forecasting
5.To indicate the strengths and weaknesses of the firm
6.To compare the performance
7.To analyse expenses
8.To analyse profits
Tools for comparison of financial statements
Comparative financial statement is a tool of financial analysis that depicts change in
each item of the financial statement in both absolute amount and percentage term,
taking the item in preceding accounting period as base. Comparison and analysis of
financial statements may be carried out using the following tools:
1.Comparative Balance Sheet : The comparative balance sheet shows increase
and decrease in absolute terms as well as percentages ,in various assets ,liabilities
and capital. A comparative analysis of balance sheets of two periods provides
information regarding progress of the business firm.
The main purpose of comparative balance sheet is to measure the short- term and
long-term solvency position of the business.
2. Comparative Income Statement : Comparative income statement is prepared
by taking figures of two or more than two accounting periods,to enable the analyst
to have definite knowledge about the progress of the business.Compartative income

statements facilitate the horizontal analysis since each accounting variable is

analysed horizontally.
b. Common- Size Statements:
Common size statements are such statements in which the items of financial
statements are covered into percentage of common base. In common-size income
statement, by assuming net sales as 100(i.e %)and other individual items are
converted as percentage of this. Similarly, in common size balance sheet ,total
assets are assumed to be 100 (i.e %) and individual assets are expressed as
percentage.
Objectives of common size statements
1. Presenting the change in various items in relation to total assets or total
liabilities or net sales.
2. Establishing a relationship.
3. Providing a common base for comparison.
Types of common size statements
1. Common-Size Balance Sheet : A common size balance sheet is a
statement in which total of assets or liabilities is assumed to be equal to 100
and all the figures are expressed as percentage of the total. That is why it is
known as percentage balance sheet.
Common-size balance sheet facilitate the vertical analysis since each item of
the Balance Sheet is analyzed vertically.

2. Common-Size Income Statement: Common-size income statement is a

statement in which the figures of net sales is assumed to be equal to 100 and
all other figures of profit and loss A/c are expressed as percentage of net
sales.this statement facilitate the vertical analysiss since each accounting
variable is analyzed vertically. One can draw conclusion, regarding the
behaviour of expenses over period of time by examining these percentages.
c. Trend Analysis:
Trend percentage are very useful is making comparative study of the financial
statements for a number of years. These indicate the direction of movement over a
long tine and help an analyst of financial statements to form an opinion as to
whether favorable or unfavorable tendencies have developed. This helps in future
forecasts of various items. For calculating trend percentages any year may be taken
as the base year. Each item of bease year is assumed to be equal to 100 and on
that basis the percentage of item of each year calculated.
d. Ratio Analysis: Meaning :
Absolute figures expressed in financial statements by themselves are
meaningfulness. These figures often do not convey much meaning unless expressed
in relation to other figures. Thus, it can be say that the relationship between two
figures, expressed in arithmetical terms is called a ratio.
According to R.N. Anthony.

A ratio is simply one number expressed in terms of another. It is found

by dividing one number into the other.
TYPES OF RATIOS
1. Proportion or Pure Ratio or Simple ratio.
2. Rate or so many Times.
3. Percentage
4. Fraction.
OBJECTS AND ADVANTAGES OR USES OF RATIO ANALYSIS
1.
2.
3.
4.
5.
6.
7.
8.
9.

Helpful in analysis of financial statements.

Simplification of accounting data.
Helpful in comparative study.
Helpful in locating the weak spots of the business.
Helpful in forecasting
Estimate about the trend of the business
Fixation of ideal standards
Effective control
Study of financial soundness.

LIMITATION OF RATIO ANALYSIS

1. False accounting data gives false ratios
2. Comparisons not possible of different firms adopt different
3. accounting policies.
4. Ratio analysis becomes less effective due to price level
5. change
6. Ratios may be misleading in the absence of absolute data.
7. Limited use of a single Ratio.
8. Window-Dressing
9. Lack of proper standards.
10.Ratio alone are not adequate for proper conclusions
11.Effect of personal ability and bias of the analyst.
CLASSIFICATION OF RATIOS
In view of the financial management or according to the tests satisfied, various
ratios have been classifieds as below:
Liquidity Ratios : These are the ratios which measure the short-term solvency or
financial position of a firm. These ratios are calculated to comment upon the shortterm paying capacity of a concern or the firms ability to meet its current
obligations.
Long Term Solvency and Leverage Ratios : Long-term solvency ratios convey
a firms ability to meet the interest cost and repayment schedules of its long-term
obligation e.g. Debit Equity Ratio and Interest Coverage Ration. Leverage Ratios.
Activity Ratios: Activity ratios are calculated to measure the efficiency with which
the resource of a firm have been employed. These ratios are also called turnover

ratios because they indicate the speed with which assets are being turned over into
sales e.g. debtors turnover ratio.
Profitablity Ratios: These ratios measure the results of business operations or
overall performance and effective of the firm e.g. gross profit ratio, operating ratio
or capital employed. Generally, two types of profitability ratios are calculated.
(a) In relation to Sales, and
(b)In relation in Investment
FUNCTIONAL CLASSIFICATION IN VIEW OF
FINANCIAL MANAGEMENT OR CLASSIFICATION ACCORDING TO TESTS
Liquidity Ratios

Long-term

Activity Ratios

Profitability
Ratios

Financial
Operating

Inventory
Turnover Ratio.

In Relation to
Sales.

Composite

Debtors Turnover
Ratio

Gross Profit Ratio.

Solvency and
Leverage
Ratios
-Current Ratio
-Liquid Ratio
(Acid) Test or
Quick Ratio.
-Absolute liquid
or

-Debt. Equity
Ratio
-Debt to Total

-Cash Ratio.

Capital Ratio

-Debtors

-Interest

Turnover Ratio

Coverage Ratio

-Creditors
Turnover

-Capital Gearing
Ratio

Ratio
-Inventory
Turnover ratio

Fixed Assets
Turnover Ratio
Total Asset
Turnover Ratio
Working Capital
Turnover Ratio.
Payables
Turnover Ratio
Capital Employed
Turnover Ratio

Operating Ratio.
Operating Profit
Ratio.
Net Profit Ratio.
Expenses Ratio
In relation to
investments
Return on
Investments.
Return on capital.
Return on Equity
Capital.
Return on total
Resources
Earning per
share.

Price Earning
Ratio.

CASH-FLOW STATEMENT
A cash flow statement is a statement showing inflows (receipts) and outflows
(payments) of cash during a particular period. In other words, it is a summary of
sources and applications of each during a particular span of time.
Objectives of Cash Flow Statement :
1.
2.
3.
4.
5.
6.
7.

Useful for Short-Term Financial Planning.

Useful in Preparing the Cash Budget.
Comparison with the Cash Budget.
Study of the Trend of Cash Receipts and Payments.
It explains the Deviations of Cash from Earnings.
Helpful in Ascertaining Cash Flow from various Separately.
Helpful in Making Dividend Decisions.

Chapter III
Industry Profile & Company Profile

Introduction to Bank
Definition Of Bank:
Banking Means "Accepting Deposits for the purpose of lending or Investment of
deposits
of money from the public, repayable on demand or otherwise and
withdraw by cheque, draft or otherwise."
-Banking Companies (Regulation) Act,1949
ORIGIN OF THE WORD BANK:-

The origin of the word bank is shrouded in mystery.

According to one view point the Italian business house carrying on crude from of
banking were called banchi bancheri" According to another viewpoint banking is
derived from German word "Branck" which mean heap or mound. In England, the
issue of paper money by the government was referred to as a raising a bank.
ORIGIN OF BANKING :
Its origin in the simplest form can be traced to the
origin of authentic history. After recognizing the benefit of money as a medium of
exchange, the importance of banking was developed as it provides the safer place
to store the money. This safe place ultimately evolved in to financial institutions that
accepts deposits and make loans i.e., modern commercial banks.

Banking system in India

Without a sound and effective banking system in India
it cannot have a healthy economy. The banking system of India should not only be
hassle free but it should be able to meet new challenges posed by the technology
and any other external and internal factors.
For the past three decades India's banking system
has several outstanding achievements to its credit. The most striking is its extensive
reach. It is no longer confined to only metropolitans or cosmopolitans in India. In
fact, Indian banking system has reached even to the remote corners of the country.
This is one of the main reasons of India's growth process.
HISTORY OF BANKING IN INDIA
Banking in India has its origin as early or Vedic
period. It is believed that the transitions from many lending to banking must have
occurred even before Manu, the great Hindu furriest, who has devoted a section of
his work to deposit and advances and laid down rules relating to the rate of interest.
During the mogul period, the indigenous banker played a very important role in
lending money and financing foreign trade and commerce.
During the days of the East India Company it was the turn of agency house to carry
on the banking business. The General Bank of India was the first joint stock bank to
be established in the year 1786. The other which followed was the Bank of
Hindustan and Bengal Bank. The Bank of Hindustan is reported to have continued
till 1906. While other two failed in the meantime. In the first half of the 19th century
the East India Company established there banks, The bank of Bengal in 1809, the
Bank of Bombay in 1840 and the Bank of Bombay in1843. These three banks also
known as the Presidency banks were the independent units and functioned well.
These three banks were amalgamated in 1920 and new bank, the Imperial Bank of
India was established on 27th January, 1921.
With the passing of the State Bank of India Act in 1955 the undertaking of the
Imperial Bank of India was taken over by the newly constituted SBI. The Reserve
Bank of India (RBI) which is the Central bank was established in April, 1935 by

passing Reserve bank of India act 1935. The Central office of RBI is in Mumbai and it
controls all the other banks in the country.
In the wake of Swadeshi Movement, number of banks with the Indian management
were established in the country namely, Punjab National Bank Ltd., Bank of India
Ltd., Bank of Baroda Ltd., Canara Bank. Ltd. on 19 th July 1969, 14 major banks of the
country were nationalized and on 15 th April 1980, 6 more commercial private sector
banks were taken over by the government.
The first bank in India, though conservative, was established in 1786. From 1786 till
today,the journey of Indian Banking System can be segregated into three distinct
phases. They areas mentioned below:
Early phase from 1786 to 1969 of Indian Banks
Nationalization of Indian Banks and up to 1991 prior to Indian banking sector
Reforms.
New phase of Indian Banking System with the advent of Indian Financial &
Banking Sector Reforms after 1991.
To make this write-up more explanatory, I prefix the scenario as Phase I, Phase II
and Phase III.
Phase I
The General Bank of India was set up in the year 1786. Next came Bank of
Hindustan and Bengal Bank. The East India Company established Bank of Bengal
(1809), Bank of Bombay (1840) and Bank of Madras (1843) as independent units
and called it Presidency Banks.
These three banks were amalgamated in 1920 and Imperial Bank of India was
established which started as private shareholders banks, mostly Europeans
shareholders.
In 1865 Allahabad Bank was established and first time exclusively by Indians,
Punjab National Bank Ltd. was set up in 1894 with headquarters at Lahore. Between
1906 and 1913, Bank of India, Central Bank of India, Bank of Baroda, Canara Bank,
Indian Bank, and Bank of Mysore were set up. Reserve Bank of India came in 1935.
During the first phase the growth was very slow and banks also experienced
periodic failures between 1913 and 1948. There were approximately 1100 banks,
mostly small. To streamline the functioning and activities of commercial banks, the
Government of India came up with The Banking Companies Act, 1949 which was
later changed to Banking Regulation Act 1949 as per amending Act of 1965 (Act No.
23 of 1965). Reserve Bank of India was vested with extensive powers for the
supervision of banking in India as the Central Banking Authority.
During those days public has lesser confidence in the banks. As an aftermath
deposit mobilization was slow. Abreast of it the savings bank facility provided by the
Postal department was comparatively safer. Moreover, funds were largely given to
traders.

Phase II
Government took major steps in this Indian Banking Sector Reform after
independence. In1955, it nationalized Imperial Bank of India with extensive banking
facilities on a large scale especially in rural and semi-urban areas. It formed State
Bank of India to act as the principal agent of RBI and to handle banking transactions
of the Union and State Governments all over the country.
Seven banks forming subsidiary of State Bank of India was nationalized in 1960 on
19th July,1969, major process of nationalization was carried out. It was the effort of
the then Prime Minister of India, Mrs. Indira Gandhi. 14 major commercial banks in
the country was nationalized.
Second phase of nationalization Indian Banking Sector Reform was carried out in
1980 with seven more banks. This step brought 80% of the banking segment in
India under Government ownership.
The following are the steps taken by the Government of India to Regulate Banking
Institutions in the Country:

1949:
1955:
1959:
1961:
1969:
1971:
1975:
1980:

Enactment of Banking Regulation Act.

Nationalization of State Bank of India.
Nationalization of SBI subsidiaries.
Insurance cover extended to deposits.
Nationalization of 14 major banks.
Creation of credit guarantee corporation.
Creation of regional rural banks.
Nationalization of seven banks with deposits over 200 crore.

After the nationalization of banks, the branches of the public sector bank India rose
to approximately 800% in deposits and advances took a huge jump by 11,000%.
Banking in the sunshine of Government ownership gave the public implicit faith and
immense confidence about the sustainability of these institutions.
Phase III
This phase has introduced many more products and facilities in the banking sector
in its reforms measure. In 1991, under the chairmanship of M Narasimham, a
committee was set up by his name which worked for the liberalization of banking
practices.
The country is flooded with foreign banks and their ATM stations. Efforts are being
put to give a satisfactory service to customers. Phone banking and net banking is
introduced. The entire system became more convenient and swift. Time is given
more importance than money.
The financial system of India has shown a great deal of resilience. It is sheltered
from any crisis triggered by any external macroeconomics shock as other East Asian
Countries suffered. This is all due to a flexible exchange rate regime, the foreign

reserves are high, the capital account is not yet fully convertible, and banks and
their customers have limited foreign exchange exposure
BANKS IN INDIA

In India the banks are being segregated in different groups. Each group has their
own benefits and limitations in operating in India. Each has their own dedicated
target market. Few of them only work in rural sector while others in both rural as
well as urban. Many even are only catering in cities. Some are of Indian origin and
some are foreign players.

All these details and many more is discussed over here. The banks and its relation
with the customers, their mode of operation, the names of banks under different
groups and other such useful informations are talked about.

One more section has been taken note of is the upcoming foreign banks in India.
The RBI has shown certain interest to involve more of foreign banks than the
existing one recently. This step has paved a way for few more foreign banks to start
business in India.

BANKING STRUCTURE IN INDIA

SCHEDULED BANKS IN INDIA

(1)Scheduled Commercial Banks

Public
Banks

Sector

(26)
Nationalized
Bank
Other
Public
Sector Banks

Private Sector
Banks

(25)
Old Private
Banks
New Private
Banks

Foreign Banks In
India

Regional Rural
Banks

(29)

(95)

(IDBI)
SBI And Its
Associates

(2) Scheduled Cooperative Banks

Scheduled Urban Cooperative

Banks

Scheduled State Cooperative Banks

Public Sector Banks

Public sector banks are those banks which are owned by the Government. The Govt.
runs these Banks. In India 14 banks were nationalized in 1969 & in 1980 another 6
banks were also nationalized. Therefore in 1980 the number of nationalized bank
20. At present there are total 26 Public Sector Banks in India (As on 26-09-2009). Of
these 19 are nationalised banks, 6(STATE BANK OF INDORE ALSO MERGED
RECENTLY) belong to SBI & associates group and 1 bank (IDBI Bank) is classified as
other public sector bank. Welfare is their primary objective.

Nationalised banks

Allahabad Bank
Andhra Bank
Bank Of Baroda
Bank Of India
Bank Of Maharastra
Canara Bank
Central Bank Of
India
Corporation Bank
Dena Bank
Indian Bank
Indian Overseas
Bank
Oriental Bank Of
Commerce
Punjab & Sind Bank
Punjab National
Bank
Syndicate Bank
UCO Bank
Union Bank Of India
United Bank Of India
Vijaya Bank

Other
Public
Sector
Banks

IDBI
(Industrial
Developm
ent Bank
Of
India)Ltd.

SBI & its Associates

State Bank of India

State Bank of Hyderabad

State Bank of Mysore

State Bank of Patiala

State Bank of Travancore

State Bank of Bikaner And

Jaipur

(State Bank of Saurastra merged

with SBI in the year 2008 and State
Bank of Indore In 2010)

Private Sector Banks

These banks are owned and run by the private sector. Various banks in the country
such as ICICI Bank, HDFC Bank etc. An individual has control over there banks in
preparation to the share of the banks held by him.

Private banking in India was practiced since the beginning of banking system in
India. The first private bank in India to be set up in Private Sector Banks in India was
IndusInd Bank. It is one of the fastest growing Bank Private Sector Banks in India.
IDBI ranks the tenth largest development bank in the world as Private Banks in India
and has promoted world class institutions in India.

The first Private Bank in India to receive an in principle approval from the Reserve
Bank of India was Housing Development Finance Corporation Limited, to set up a

bank in the private sector banks in India as part of the RBI's liberalization of the
Indian Banking Industry. It was incorporated in August 1994 as HDFC Bank Limited
with registered office in Mumbai and commenced operations as Scheduled
Commercial Bank in January 1995. ING Vysya, yet another Private Bank of India was
incorporated in the year 1930

Private sector banks have been subdivided into following 2 categories:Old Private Sector Banks

Bank of Rajasthan Ltd.

Catholic Syrian Bank Ltd.

City Union Bank Ltd.

Dhanalakshmi Bank Ltd.

Federal Bank Ltd.

ING Vysya Bank Ltd.

Jammu and Kashmir Bank Ltd.
Karnataka Bank Ltd.
Karur Vysya Bank Ltd.
Lakshmi Vilas Bank Ltd.
Nainital Bank Ltd.
Ratnakar Bank Ltd.
SBI Commercial and International
Bank Ltd.
South Indian Bank Ltd.
Tamilnad Mercantile Bank Ltd.
United Western Bank Ltd.

Foreign Banks In India

New Private Sector Banks

Bank of Punjab Ltd. (since merged

with Centurian Bank)
Centurian Bank of Punjab (since
merged with HDFC Bank)
Development Credit Bank Ltd.
HDFC Bank Ltd.
ICICI Bank Ltd.
IndusInd Bank Ltd.
Kotak Mahindra Bank Ltd.
Axis Bank (earlier UTI Bank)
Yes Bank Ltd.

 ABN AMRO Bank N.V.

Abu Dhabi Commercial
Bank Ltd

HSBC (Hongkong &

Shanghai Banking
Corporation)
JPMorgan Chase Bank

American Express Bank

Krung Thai Bank
Antwerp Diamond Bank
Mashreq Bank
Arab Bangladesh Bank
Mizuho Corporate Bank
Bank International
Indonesia

Oman International Bank

Bank of America

Shinhan Bank

Bank of Bahrain &

Kuwait

Socit Gnrale
Sonali Bank

Bank of Ceylon
Bank of Nova Scotia
Bank of Tokyo Mitsubishi
UFJ
Barclays Bank
BNP Paribas
Calyon Bank
ChinaTrust Commercial
Bank
Citibank
DBS Bank
Deutsche Bank

Standard Chartered
Bank
State Bank of Mauritius

Cooperative banks in India

The Cooperative bank is an important constituent of the Indian Financial System,
judging by the role assigned to co operative, the expectations the co operative is
supposed to fulfil, their number, and the number of offices the cooperative bank
operate. Though the co operative movement originated in the West, but the
importance of such banks have assumed in India is rarely paralleled anywhere else
in the world. The cooperative banks in India plays an important role even today in
rural financing. The businessess of cooperative bank in the urban areas also has
increased phenomenally in recent years due to the sharp increase in the number of
primary co-operative banks.
Co operative Banks in India are registered under the Co-operative Societies Act. The
cooperative bank is also regulated by the RBI. They are governed by the Banking
Regulations Act 1949 and Banking Laws (Co-operative Societies) Act, 1965.
Rural banks in India
Rural banking in India started since the establishment of banking sector in India.
Rural Banks in those days mainly focussed upon the agro sector. Regional rural
banks in India penetrated every corner of the country and extended a helping hand
in the growth process of the country.
SBI has 30 Regional Rural Banks in India known as RRBs. The rural banks of SBI is
spread in 13 states extending from Kashmir to Karnataka and Himachal Pradesh to
North East. The total number of SBIs Regional Rural Banks in India branches is 2349
(16%). Till date in rural banking in India, there are 14,475 rural banks in the country
of which 2126 (91%) are located in remote rural areas.
Apart from SBI, there are other few banks which functions for the development of
the rural areas in India. Few of them are as follows.
Haryana State Cooperative Apex Bank Limited
The Haryana State Cooperative Apex Bank Ltd. commonly called as HARCOBANK
plays a vital role in rural banking in the economy of Haryana State and has been
providing aids and financing farmers, rural artisans, agricultural labourers,
entrepreneurs, etc. in the state and giving service to its depositors.
NABARD
National Bank for Agriculture and Rural Development (NABARD) is a development
bank in the sector of Regional Rural Banks in India. It provides and regulates credit
and gives service for the promotion and development of rural sectors mainly
agriculture, small scale industries, cottage and village industries, handicrafts. It also
finance rural crafts and other allied rural economic activities to promote integrated
rural development. It helps in securing rural prosperity and its connected matters.
Sindhanur Urban Souharda Co-operative Bank
Sindhanur Urban Souharda Co-operative Bank, popularly known as SUCO BANK is
the first of its kind in rural banks of India. The impressive story of its inception is
interesting and inspiring for all the youth of this country.
United Bank of India
United Bank of India (UBI) also plays an important role in regional rural banks. It has
expanded its branch network in a big way to actively participate in the
developmental of the rural and semi-urban areas in conformity with the objectives
of nationalisation.
Syndicate Bank

Syndicate Bank was firmly rooted in rural India as rural banking and have a clear
vision of future India by understanding the grassroot realities. Its progress has been
abreast of the phase of progressive banking in India especially in rural banks.
Fact Files of Banks in India
The first Bank in India to be given an ISO certification.

Canara Bank

The first Bank in Northern India to get ISO 9002 certification

Punjab and Sind

Bank

for their selected branches.

The first Indian Bank to have been started solely with Indian
capital.

Punjab
Bank

The first among the Private Sector Banks in Kerala to become

Scheduled Bank in 1946 under the RBI act.

South
Bank

Indias oldest,largest and the most successful commercial bank

offering the widest possible rang of domestic,international and NRI
products and services,through its vast network in India and
overseas.

State
India

Indias second largest Private Sector Bank and is now the largest
scheduled commercial bank in India.

The Federal Bank

Limited

Bank which started as

European shareholders.

Imperial Bank of
India

Private

Shareholders

Banks,mostly

National

Indian

Bank

of

The first Indian Bank to open a branch outside India in London in

1946 and the first to open a branch in continental Europe at Paris
in 1974

Bank of India,

The oldest Public Sector Bank in India having branches all over
India and serving the customers for the last 132 years.

Allahabad Bank

The first Indian Commercial Bank which was wholly owned and
managed by Indians.

Central Bank of
India

founded in 1906
in Mumbai.

INDIAN BANKING INDUSTRY

The Indian banking market is growing at an astonishing rate, with Assets expected
to reach
US$1 trillion by 2010. An expanding economy, middleclass, and
technological innovations are all contributing to this growth.
The countrys middle class accounts for over 320 million People. In correlation with
the growth of the economy, rising income levels, increased standard of living, and
affordability of banking products are promising factors for continued expansion.

The Indian banking Industry is in the middle of an IT revolution, Focusing on the

expansion of retail and rural banking. Players are becoming increasingly customer
-centric in their approach, which has resulted in innovative methods of offering new

banking products and services. Banks are now realizing the importance of being a
big playerand are beginning to focus their attention on mergers and acquisitions to
take advantage of economies of scale and/or comply with Basel II regulation.Indian
banking industry assets are expected to reach US$1 trillion by 2010 and are poised
to receive a greater infusion of foreign capital, says Prathima Rajan, analyst in
Celent's banking group and author of the report. The banking industry should focus
on having a small number of large players that can compete globally rather than
having a large number of fragmented players.

Company Profile

History Of ICICI

1955: The Industrial Credit and Investment Corporation of

India Limited (ICICI) was incorporated at the initiative of
World Bank, the Government of India and representatives

of Indian industry, with the objective of creating a

development financial institution for providing mediumterm and long-term project financing to Indian businesses.
Mr.A.Ramaswami Mudaliar elected as the first Chairman of
ICICI Limited. ICICI emerges as the major source of foreign
currency loans to Indian industry. Besides funding from the
World Bank and other multi-lateral agencies, ICICI was also
among the first Indian companies to raise funds from
international markets.
1956 : ICICI declared its first dividend of 3.5%.
1958 : Mr.G.L.Mehta appointed the second Chairman of
ICICI Ltd.
1960 : ICICI building at 163, Backbay Reclamation,
inaugurated.
1961 : The first West German loan of DM 5 million from
Kredianstalt obtained.
1967 : ICICI made its first debenture issue for Rs.6 crore,
which was oversubscribed.
1969 : The first two regional offices in Calcutta and Madras
set up.
1972 : The second entity in India to set up merchant
banking services. : Mr. H. T. Parekh appointed the third
Chairman of ICICI.
1977 : ICICI sponsored the formation of Housing
Development Finance Corporation. Managed its first equity
public issue.
1978 : Mr. James Raj appointed the fourth Chairman of
ICICI.
1979 : Mr.Siddharth Mehta appointed the fifth Chairman of
ICICI.

 1982 : 1982 : ICICI became the first ever Indian borrower

to raise European Currency Units. : ICICI commences
leasing business.
1984 : Mr. S. Nadkarni appointed the sixth Chairman of
ICICI.
1985 : Mr. N.Vaghul appointed the seventh Chairman and
Managing Director of ICICI.
1986 : ICICI became the first Indian institution to receive
ADB Loans. : ICICI, along with UTI, set up Credit Rating
Information Services of India Limited, India's first
professional credit rating agency. : ICICI promotes Shipping
Credit and Investment Company of India Limited. : The
Corporation made a public issue of Swiss Franc 75 million
in Switzerland, the first public issue by any Indian entity in
the Swiss Capital Market.
1987 : ICICI signed a loan agreement for Sterling Pound 10
million with Commonwealth Development Corporation
(CDC), the first loan by CDC for financing projects in India.
1988 : Promoted TDICI - India's first venture capital
company.
1993 : ICICI Securities and Finance Company Limited in
joint venture with J. P. Morgan set up. : ICICI Asset
Management Company set up.
1994: ICICI established Banking Corporation as a banking
subsidiary.formerly Industrial Credit and Investment Corporation
of India. Later, ICICI Banking Corporation was renamed as 'ICICI
Bank Limited'. ICICI founded a separate legal entity, ICICI Bank,
to undertake normal banking operations - taking deposits, credit
cards, car loans etc.
1996 : ICICI Ltd became the first company in the Indian financial
sector to raise GDR. : SCICI merged with ICICI Ltd. : Mr.
K.V.Kamath appointed the Managing Director and CEO of ICICI
Ltd

 1997 : ICICI Ltd was the first intermediary to move away from
single prime rate to three-tier prime rates structure and
introduced yield-curve based pricing. : The name The Industrial
Credit and Investment Corporation of India Ltd changed to ICICI
Ltd. : ICICI Ltd announced the takeover of ITC Classic Finance.
1998 : Introduced the new logo symbolizing a common
corporate identity for the ICICI Group. : ICICI announced
takeover of Anagram Finance.
1999 : ICICI launched retail finance - car loans, house loans and
loans for consumer durables. : ICICI becomes the first Indian
Company to list on the NYSE through an issue of American
Depositary Shares.
2000 : ICICI Bank became the first commercial bank from India
to list its stock on NYSE.
2001: ICICI acquired Bank of Madura (est. 1943). Bank of
Madura was a Chettiar bank, and had acquired Chettinad
Mercantile Bank (est. 1933) and Illanji Bank (established 1904)
in the 1960s. In October 2001, the Boards of Directors of ICICI
and ICICI Bank approved the merger of ICICI and two of its
wholly owned retail finance subsidiaries, ICICI Personal Financial
Services Limited and ICICI Capital Services Limited, with ICICI
Bank.
2002 : The merger was approved by shareholders of ICICI and
ICICI Bank in January 2002, by the High Court of Gujarat at
Ahmadabad in March 2002, and by the High Court of Judicature
at Mumbai and the Reserve Bank of India in April 2002.
Consequent to the merger, the ICICI group's financing and
banking Operations, both wholesale and retail, have been
integrated in a single entity. At the same time, ICICI started its
international expansion by opening representative offices in New
York and London. In India, ICICI Bank bought the Shimla and
Darjeeling branches that Standard Chartered Bank had inherited
when it acquired Grindlays Bank.
2003 : The first Integrated Currency Management Centre
launched in Pune. ; ICICI Bank announced the setting up of its
first ever offshore branch in Singapore. ; The first offshore
banking unit (OBU) at Seepz Special Economic Zone, Mumbai,
launched. ; ICICI Banks representative office inaugurated in
Dubai. ; Representative office set up in China. : ICICI Banks UK
subsidiary launched. ; Indias first ever "Visa Mini Credit Card", a
43% smaller credit card in dimensions launched. ; ICICI Bank
subsidiary set up in Canada. ; Temasek Holdings acquired 5.2%
stake in ICICI Bank. ; ICICI Bank became the market leader in
retail credit in India. In the UK it established an alliance with

Lloyds TSB. It also opened an Offshore Banking Unit (OBU) in

Singapore and representative offices in Dubai and Shanghai.
2004 : Max Money, a home loan product that offers the dual
benefit of higher eligibility and affordability to a customer,
introduced. : Mobile banking service in India launched in
association with Reliance Infocomm. : Indias first multi-branded
credit card with HPCL and Airtel launched. : Kisan Loan Card and
innovative, low-cost ATMs in rural India launched. : ICICI Bank
and CNBC TV 18 announced Indias first ever awards recognizing
the achievements of SMEs, a pioneering initiative to encourage
the contribution of Small and Medium Enterprises to the growth
of Indian economy. : ICICI Bank opened its 500th branch in India.
: ICICI Bank introduced partnership model wherein ICICI Bank
would forge an alliance with existing micro finance institutions
(MFIs). The MFI would undertake the promotional role of
identifying, training and promoting the micro-finance clients and
ICICI Bank would finance the clients directly on the
recommendation of the MFI. : ICICI Bank introduced 8-8 Banking
wherein all the branches of the Bank would remain open from
8a.m. to 8 p.m. from Monday to Saturday. : ICICI Bank
introduced the concept of floating rate for home loans in India.
At the same time, ICICI opened a representative office in
Bangladesh to tap the extensive trade between that country,
India and South Africa.
2005 : First rural branch and ATM launched in Uttar Pradesh at
Delpandarwa, Hardoi. ; "Free for Life" credit cards launched
wherein annual fees of all ICICI Bank Credit Cards were waived
off. ; ICICI Bank and Visa jointly launched mChq a revolutionary
credit card on the mobile phone. ; Private Banking Masters 2005,
a nationwide Golf tournament for high networth clients of the
private banking division launched. This event is the largest
domestic invitation amateur golf event conducted in India. ; First
Indian company to make a simultaneous equity offering of $1.8
billion in India, the United States and Japan. ; ICICI acquired
Investitsionno-Kreditny Bank (IKB), a Russia bank with about
US$4mn in assets, head office in Balabanovo in the Kaluga
region, and with a branch in Moscow. ICICI renamed the bank
ICICI Bank Eurasia. Also, ICICI established a branch in Dubai
International Financial Centre and in Hong Kong.ICICI Bank
became the largest bank in India in terms of its market
capitalization. ; ICICI Bank became the first private entity in
India to offer a discount to retail investors for its follow-up offer.
2006 : ICICI Bank became the first Indian bank to issue hybrid
Tier-1 perpetual debt in the international markets. : ICICI Bank
subsidiary set up in Russia. ; Introduced a new product - NRI
smart save Deposits a unique fixed deposit scheme for
nonresident Indians. : Representative offices opened in Thailand,

Indonesia and Malaysia. ; ICICI Bank UK opened a branch in

Antwerp, in Belgium ; ICICI Bank became the largest retail player
in the market to introduce a biometric enabled smart card that
allow banking transactions to be conducted on the field. A lowcost solution, this became an effective delivery option for ICICI
Banks micro finance institution partners. ; Financial counseling
centre Disha launched. Disha provides free credit counseling,
financial planning and debt management services. ; Bhoomi
puja conducted for a regional hub in Hyderabad, Andhra
Pradesh.

2007 : ICICI Banks USD 2 billion 3-tranche international bond

offering was the largest bond offering by an Indian bank. ; ICICI
amalgamated Sangli Bank, which was headquartered in Sangli,
in Maharashtra State, and which had 158 branches in
Maharashtra and another 31 in Karnataka State. Sangli Bank had
been founded in 1916 and was particularly strong in rural areas.
With respect to the international sphere, ICICI also received
permission from the government of Qatar to open a branch in
Doha. Also, ICICI Bank Eurasia opened a second branch, this
time in St. Petersburg. ; ICICI Bank raised Rs 20,000 crore
(approx $5 billion) from both domestic and international markets
through a follow-on public offer. ; ICICI Banks GBP 350 million
international bond offering marked the inaugural deal in the
sterling market from an Indian issuer and also the largest deal in
the sterling market from Asia. ; Launched Indias first ever
jewellery card in association with jewelry major Gitanjali Group. ;
ICICI Bank became the first bank in India to launch a premium
credit card -- The Visa Signature Credit Card. ; Foundation stone
laid for a regional hub in Gandhinagar, Gujarat. ; Introduced SME
Toolkit, an online resource centre, to help small and medium
enterprises start, finance and grow their business. ; ICICI Bank
signed a multi-tranche dual currency US$ 1.5 billion syndication
loan agreement in Singapore. ; ICICI Bank became the first
private bank in India to offer both floating and fixed rate on car
loans, commercial vehicles loans, construction equipment loans
and professional equipment loans. ; In a first of its kind, nation
wide initiative to attract bright graduate students to pursue a
career in banking, ICICI Bank launched the "Probationary Officer
Programme". ;Launched Bank@home services for all savings
and current a/c customers residing in India ; ICICI Bank Eurasia
LLC inaugurated its first branch at St Petersburg, Russia.
2008 : ICICI Bank enters US The US Federal Reserve permitted
ICICI to convert its representative office in New York into a
branch.; ICICI Bank enters Germany, opens its first branch in
Frankfurt ; ICICI Bank launched iMobile, a breakthrough
innovation in banking where practically all internet banking

transactions can now be simply done on mobile phones. ; ICICI

Bank concluded India's largest ever securitization transaction of
a pool of retail loan assets aggregating to Rs. 48.96 billion
(equivalent of USD 1.21 billion) in a multi-tranche issue backed
by four different asset categories. It is also the largest deal in
Asia (ex-Japan) in 2008 till date and the second largest deal in
Asia (ex-Japan & Australia) since the beginning of 2007. ; ICICI
Bank launches ICICIACTIVE - Banking Interactive Service - along
with DISHTV, which will allow viewers to see information about
the Bank's products and services and contact details on their
DISHTV screens. ; ICICI Bank and British Airways launch cobranded credit card, which is designed to earn accelerated
reward points to the card holders with every British Airways
flight or by spending on everyday purchases.
2009: ICICI Bank Board appoints Mr K. V. Kamath as non-executive Chairman and
Ms Chanda Kochhar as Managing Director & CEO effective May 1, 2009, while the
existing non-executive Chairman Mr N Vaghul retires after completing his term on
April 30, 2009 ; ICICI bank ties up with BSNL Cell One for bill payments, it will
facilitate bill payment for BSNL Cell One users through www.icicibank.com across all
the 27 circles of BSNL. ; ICICI Bank Limited acting through its Hong Kong Branch
(ICICI Bank) signed an agreement on Export Credit Line totaling up to US$100
million with the Japan Bank for International Cooperation (JBIC) which constitutes
the international wing of Japan Finance Corporation. ; ICICI Bank Limited acting
through its Hong Kong Branch (ICICI Bank) signed a loan agreement with the ExportImport Bank of China (China Exim) for USD 98 million under the Two- step Buyer
Credit (Export Credit) arrangement. ICICI Bank is the first Indian Bank to have
entered into this arrangement with China Exim ; ICICI Bank with Singapore Airlines
launched ICICI Bank Singapore Airlines Visa Platinum Credit Card, the Card has
exclusive privileges especially designed for the members. ; ICICI Bank announced
an association with mChek, Indias leading mobile payment solutions provider, to
facilitate mChek services to all ICICI Bank Debit and Credit Card customers. These
are electronic cards issued to the customers with mChek application on their mobile
phone. ; Ms Chanda Kochhar took charge as the Managing Director & CEO of ICICI
Bank from May 1, 2009

2010: The Bank of Rajasthan (BOR) was acquired by the ICICI Bank in 2010 for
30 billion. RBI was critical of BOR's promoters not reducing their holdings in the
company. BOR has since been merged with ICICI Bank.

2011

ICICI Bank is the only Indian brand to figure in the BrandZ Top 100 Most
Valuable Global Brands Report, second year in a row

2012

Airtel, ICICI among 'top 100 global brands

2013

ICICI Bank has been adjudged winner at the Express IT Innovation Award
under
the Large
Enterprise
category

2014

to
Trust
Report
Bank
ranked
among
most
brands,

Type

Private
BSE & NSE:ICICI,
NYSE: IBN

Industry

Banking
Insurance
Capital Markets and allied industries

Founded

1955 (as Industrial Credit and Investment

Corporation of India)

Headquarter
s

ICICI Bank Ltd.,

ICICI Bank Towers,
Bandra Kurla,
Mumbai, India

by

ICICI
TODAY
ICICI
(BSE:
(formerly

Key people

K.V. Kamath,Chairman
Chanda Kochhar, Managing Director & CEO
Sandeep Bakhshi, Deputy Managing Director
N.S. Kannan, Executive Director & CFO
K. Ramkumar, Executive Director
Sonjoy Chatterjee, Executive Director

According
the Brand
2014, ICICI
was
28th
India's
trusted
a research
conducted
Trust
Research
Advisory.

BANK

Bank
ICICI)

Products

Loans, Credit Cards, Savings, Investment vehicles,

Insurance etc.

Revenue

USD 15.06 billion

Total assets

USD 120.61 billion (at March 31, 2009.)

Website

www.icicibank.com

Industrial Credit and Investment Corporation of India) is India's largest

private sector bank by market capitalisation and second largest overall in
terms of assets. Trotal assets of Rs. 3,562.28 billion (US$ 77 billion) at
December 31, 2009 and profit after tax Rs. 30.19 billion (US$ 648.8 million)
for the nine months ended December 31, 2009. The Bank also has a network
of 1,640+ branches (as on February 11, 2010) and about 4,721 ATMs in India
and presence in 18 countries, as well as some 24 million customers (at the
end of July 2007). ICICI Bank offers a wide range of banking products and
financial services to corporate and retail customers through a variety of
delivery channels and specialised subsidiaries and affiliates in the areas of
investment banking, life and non-life insurance, venture capital and asset
management. (These data are dynamic.) ICICI Bank is also the largest issuer
of credit cards in India. ICICI Bank has got its equity shares listed on the
stock exchanges at Kolkata and Vadodara, Mumbai and the National Stock
Exchange of India Limited, and its ADRs on the New York Stock Exchange
(NYSE). The Bank is expanding in overseas markets and has the largest
international balance sheet among Indian banks. ICICI Bank now has whollyowned subsidiaries, branches and representatives offices in 18 countries,
including an offshore unit in Mumbai. This includes wholly owned subsidiaries
in Canada, Russia and the UK (the subsidiary through which the HiSAVE
savings brand is operated), offshore banking units in Bahrain and Singapore,
an advisory branch in Dubai, branches in Belgium, Hong Kong and Sri Lanka,
and representative offices in Bangladesh, China, Malaysia, Indonesia, South
Africa, Thailand, the United Arab Emirates and USA. Overseas, the Bank is
targeting the NRI (Non-Resident Indian) population in particular.
ICICI reported a net profit of Rs. 3,758 crore (US$ 741 million) for FY2009.
The bank's Current and savings account (CASA) ratio increased to 28.7% at
March 31, 2009 from 26.1% at March 31, 2008. Increase of Rs. 5,286 crore in
CASA deposits in quarter ended March 31,2009.
ICICI Bank is one of the Big Four Banks of India with State Bank of India, Axis
Bank and HDFC Bank
ICICI Bank Group

BUSINESS
PROFILE

Products &
Personal

Deposits

Loans

Cards

Investments

Insurance

Demat Services

Wealth Management

NRI Banking

Money Transfer

Bank Accounts

Investments

Property Solutions

Insurance

Loans

Business Banking

Corporate Net Banking

Cash Management

Trade Services

Services
Banking

FXOnline

SME Services

Online Taxes

Custodial Services

Head Office
ICICI Bank
9th Floor, South Towers
ICICI Towers
Bandra Kurla Complex
Bandra (E)
Mumbai.
Phone: 91-022-653 7914
Website: www.icicibank.com
Capital structure
The Authorized Capital of ICICI Bank is 214.75 Crores. The Issued, Subscribed and
Paid Up Capital is divided into 1113250642 equity shares @ Rs.10/- each.
Board Members
Mr. K. V. Kamath, Chairman
....................................................
Mr. Sridar Iyengar
....................................................
Mr. Homi R. Khusrokhan
....................................................
Mr. Lakshmi N. Mittal
................................................
Mr. Narendra Murkumbi
.................................................
Dr. Anup K. Pujari
.................................................
Mr. Anupam Puri
..................................................

Mr. M.S. Ramachandran

..................................................
Mr. M.K. Sharma
..................................................
Mr. V. Sridar
Prof. Marti G. Subrahmanyam
.........................................................
Mr. V. Prem Watsa
.........................................................
Ms. Chanda D. Kochhar,
Managing Director & CEO
.........................................................
Mr. Sandeep Bakhshi,
Deputy Managing Director
.........................................................
Mr. N. S. Kannan,
Executive Director & CFO
.........................................................
Mr. K. Ramkumar,
Executive Director
.........................................................
Mr. Sonjoy Chatterjee,
Executive Director

Board committee

Audit Committee

Board Governance Remuneration

& Nomination Committee

Mr. Sridar Iyengar, Chairman

Mr. M. K. Sharma, Alternate Chairman
Mr. Narendra Murkumbi

Mr. M. K. Sharma, Chairman

Mr. K. V. Kamath
Mr. Anupam Puri

Mr. V. Sridar

Prof. Marti G. Subrahmanyam

Corporate Social Responsibility

Committee

Customer Service Committee

Mr. M. K. Sharma, Chairman

Dr. Anup K. Pujari
Ms. Chanda D. Kochhar

Mr. K. V. Kamath, Chairman

Mr. Narendra Murkumbi
Dr. Anup K. Pujari
Mr. M. S. Ramachandran
Mr. M.K. Sharma
Ms. Chanda D. Kochhar

Credit Committee

Fraud Monitoring Committee

Mr. K. V. Kamath, Chairman

Mr. Narendra Murkumbi
Mr. M. S. Ramachandran Mr. M .K.
Sharma
Ms. Chanda D. Kochhar

Mr. M. K. Sharma, Chairman

Mr. K. V. Kamath
Mr. Narendra Murkumbi
Ms. Chanda D. Kochhar
Mr. Sandeep Bakhshi

Risk Committee

Share Transfer & Shareholders'/

Investors' Grievance Committee

Mr. K. V. Kamath, Chairman

Mr. Sridar Iyengar
Dr. Anup K. Pujari
Prof. Marti G. Subrahmanyam
Mr. V. Prem Watsa
Ms. Chanda D. Kochhar

Mr. M. K. Sharma, Chairman

Mr. Narendra Murkumbi
Mr. N. S. Kannan

Committee
Directors

of

Executive

Ms. Chanda D. Kochhar,

Chairperson
Mr. Sandeep BakhshiMr. N. S.

Kannan
Mr. K. Ramkumar
Mr. Sonjoy Chatterjee

BUSINESS OBJECTIVE
Vision
To be the leading provider of financial services in India and a major global
bank.
Mission

We will leverage our people, technology, speed and financial capital to: be
the banker of first choice for our customers by delivering high quality, worldclass service.
Expand the frontiers of our business globally.
Play a proactive role in the full realisation of Indias potential.
Maintain a healthy financial profile and diversify our earnings across
businesses and geographies.
Maintain high standards of governance and ethics.
Contribute positively to the various countries and markets in which we
operate.
Create value for our stakeholders

TECHNOLOGY Used In ICICI Bank

ICICI use many type of advance technological software like Pinnacle 7.0 and
Pinnacle7.016.Among from this software ICICI bank uses the e-banking, core
banking,
mobile banking electronic display sy ICICI Bank was using Teradata for its data
warehouse. However, due to its proprietary hardware, the cost of procurement,
upgrades and administration was soaring. The closed box architecture of Teradata
imposed restrictions on scalability. Secondly, querying and loading could not happen

simultaneously. Queries could only be run during business hours because the
loading of data had to take place during off business hours. This meant that the
refresh rate of EDW was delayed, so queries may not reflect the most current data.
ICICI Bank was also dependent on Teradata for support and other activities: The
bank was completely tied down to that solution.
These issues compelled ICICI Bank to look for more efficient and flexible solutions.
The solution would have to address not only current issues, but accommodate
future growth expectations and business requirements. ICICI Bank evaluated
numerous data warehousing solutions in the pursuit of solving its issues, and
developed a shortlist of alternatives for its migration proof-of-concept: Sybase, SAS
and Netezza. The primary criteria for evaluation was the price-to-performance ratio
where Sybase IQ emerged the clear winner. During this rigorous testing, Sybase IQ
delivered faster results on independent hardware and operating systems with
minimum infrastructure. Commending the improvements achieved, Amit Sethi, Joint
General Manager, ICICI bank says, "What impressed us wasthat even with overall
lower costs, we could achieve significantly better query performanceafter
implementing the Sybase enterprise warehouse solution." ICICI Infotech today
launched an enterprise resource planning (ERP) solution for the small and medium
enterprises.
The ERP package - Orion Advantage - comes bundled with an HP dual processor
Xeon
server, Oracle 9i database, Windows 2003 server and costs about Rs 9.90 lakh and
has a 15-user license.
An ERP package helps a manufacturer or any other business implementing it to
manage all the important parts in the company such as product planning, parts
purchasing, maintaining inventory and interacting with suppliers and customers.
ICICI Infotech officials told a press conference here today that Orion Advantage
offered a set of business practice solutions for industry segments such as
engineering, auto ancillary, pharmaceuticals, chemicals and IT distribution. Besides
the cost advantage, the ERP package also came pre-configured. ICICI Infotech had
mapped the processes specific to each industry segment into the package.
Mr. Manoj Kunkalienkar, Executive Director and President, ICICI Infotech, said that
small and medium enterprises (SMEs) offered a good market and ICICI Infotech
hoped to become a leading solution provider to this segment.
Mr. R.K. Kanthi, Deputy General Manager, ICICI Infotech, said there was no ERP
package for the SMEs that bundled the server, database and operating system right
now. That was the advantage ICICI Infotech offered to SMEs as Orion Advantage
came bundled and preconfigured. Besides the high cost of generic ERP packages,
their implementation time as far as SMEs were concerned was also long. Orion
Advantage could be installed in 45 days.
ICICI Infotech had signed up six customers so far for the package and hoped to
garner a 15 per cent market share of the SME segment, whose number in the
country was estimated at 2.30 lakh.

Mr. K.S. Natarajan, Managing Director, Trident Pneumatics Pvt Ltd of Coimbatore,
one of the companies that had installed Orion Advantage, said that the company
had tried three other ERP packages, all of which had failed, before settling on Orion
Advantage.
Mr Kunkalienkar said that ICICI Infotech planned to move the two development
centers in Chennai into a single location and double the staff strength from 300 now
in the next two years.
The Chennai centers were involved in research and development of Orion ERP
solutions and Premia, an insurance package.
We can see that the how technology gives the best results in the below diagram.
There are drastically changes seen in the use of Internet banking, in a year 2001
(2%) and in the year 2008 (25%).
These type of technology gives the freedom to retail customers.
Centralized Processing Units

Derived Economies Of Scale

Electronic
Processing

Reduced Transaction Cost

Data Warehousing,CRM

Improve Cost Efficiency,Cross

Sell

Innovative
Application

Provide New
Products

Straight

through

Technology

Or

Superior

The countrys middle class accounts for over 320 million people. In correlation with
thegrowth of the economy, rising income levels, increased standard of living, and
affordability of banking products are promising factors for continued expansion.
PRODUCTS AND SERVICES
PERSONAL BANKING
Loan Product

Auto loan
Loan against
security

Deposit Product

Savings A/C
Current A/C
Fixed Deposits

Investment &
Insurance

Mutual Funds
Bonds
Knowledge

Cards

Loan against
property
Personal loan
Credit card
2- wheeler loan
Commercial
vehicles finance
Home loans
Retail business
banking
Tractor loan
Working capital
finance
Construction
Equipment
finance
Health care
finance
Education loan
Gold loan
Credit Card
Debit Card
Prepaid Card

Forex services
--------------------------------

Demat A/C
Safe Deposit
Lockers

Product And
Services
Trade Services
Forex Service
Branch Locater
RBI Guidelines

Payment Services

--------------------------------

Net Safe
Merchant
Prepaid Refill
Bill Pay
Visa Bill Pay
InstaPay
Direct Pay
VisaMoney
Transfers
E-Monies
Electronic Funds
Transfer
Online Payment
Of Direct Tax

Centre
Insurance
General And
Health Insurance
Equity And
Derivatives
Mudra Gold Bar

Access To Bank

WHOLESALE BANKING

Net Banking
One View
InstaAlert Mobile
Banking
ATM
Phone Banking
Email Statements
Branch Network

Corporate

Funded Services
Non Funded
Services
Value Added
Services
Internet Banking

Small and Medium

Financial Institutions and

Enterprises

Trusts

Funded Services
Non Funded
Services
Specialized
Services
Value Added
Services
Internet Banking

BANKS

Clearing SubMembership
RTGS Sub-Membership
Fund Transfer
ATM Tie- Ups
Corporate Salary A/C
Tax Collection

Financial Institutions

Mutual Funds

Stock Brockers

Insurance Companies

Commodities Business

Trusts

NRI SERVICES
Accounts & Deposits

Remittances

Rupee Saving A/C

Rupee Current A/C
Rupee Fixed Deposits
Foreign Currency Deposits
Accounts For Returning Indians

North America
Uk
Europe
South East Asia
Middle East
Africa
Others
Quick Remit
India Link
Check Lock Box
Telegraphic/ Wire Transfer

Fund Transfer Cheques/Dds/Tcs

Investment & Insurances

Mutual Funds
Insurance
Private Banking
Portfolio Investment Scheme

Payment Services

Net Safe
Bill Pay
InstaPay
DirectPay
VisaMoney
Online Donation

Loans

Home Loans
Loans Against Securities
Loans Against Deposits
Gold Card Credit

Access To Bank

Net Banking
One View
InstaAlert
ATM
Phone Banking
Email Statements
Branch Networks

 PRODUCTS
ICICI Bank offers wide variety of Deposit Products to suit your requirements.
Coupled with convenience of networked branches/ ATMs and facility of E-channels
like Internet and Mobile Banking, ICICI Bank brings banking at your doorstep. Select
any of its deposit products and provide your details online and their representative
will contact you for Account Opening.
SAVING ACCOUNTS

ICICI Bank offers customers a power packed Savings Account with

a host of convenient features and banking channels to transact
through. So now customers can bank at their convenience, without
the stress of waiting in queues.
Special Savings Account:
The Special Savings Account has been designed keeping in mind the specific needs
of organizations such as Trusts, Associations, Societies, Councils, Clubs etc. It
provides organizations solutions with added value and is ideal for tax exempted
entities.
LIFE PLUSSenior citizens savings account

LIFE PLUS,a special savings account for senior

citizens from ICICI Bank is packed with a host of
benefits,designed keeping your unique financial
requirements in mind.

Special senior citizens desk to cater to all banking transactions, so that

you dont wait in queues.
Higher interest rate on FD/RD:avail the combined benefits of
safety,felexibility and attractive returns with ICICI Bank Fixed Deposit and
Recurring Deposit.
Free special senior citizen LIFE PLUS debit card.
Money multiplies facility.
Extended banking hours allows you to visit our branches,as per your
convenience.
Anywhere banking access to various services,ICICI Bank has to offer
anytime,anywhere and from any place,including branches,ATMs and
phone banking.
Nomination facility available.
Quarterly average balance(QAB) requirement of Rs.5000.

Quarterly physical statements are delivered to your doorstep to absolutely

free of cost.
Passbook on request.

Young Stars Account:

Young
years,
the

Stars is a banking service for children, aged 1day -18

brought to you by ICICI Bank to help the parents meet
present and future aspirations that they hold for their
child. It offers various savings and investment options
to the parent along with teaching the child to manage
his/her personal finance in a more responsible and
independent manner.Young Stars will guide your child through the world of banking
-through checking the account balance, fun zones and special pages on the
internet. It makes banking a pleasure and of course teaches your child to manage
their personal finances.With the pocket money that you transfer to your child's
account, you can even shop with him / her at Young Stars very own shopping page.
You can even open a recurring deposit in your child's name.
Once you are done with your 'banking', you can access your child's account with all
the fun links to special zones designed to suit your child's area of interests and also
impart knowledge on the current events of the world.
Advantage woman savings account

The ICICI Bank Advantage Woman Account enables

todays independent women to enjoy hassle-free
banking services. Besides the core ICICI Bank
advantage, the Advantage Woman Savings Account
is packed with special benefits for our women
customers. Enjoy your present and plan for the future with ICICI Banks
Advantage Woman Savings Account.Advantage Woman offers a specially
designed woman's debit card which helps you shop and save simultaneously,
manages your household expenditures and comes with a bag full of offers
attached to it.

Special International Womans Debit Card with lots of offers.

Free unlimited access to any banks ATM.

Bill Pay facility & Multi Channel Access.

Payable-at-par cheque book.

Nomination facility available.

Zero balance facility with an RD of Rs.2000 or Quarterly Average Balance

(QAB) requirement of Rs. 10,000.

Current Accounts:
Every business requires efficient banking facilities to support its business activities.
ICICI Bank offers premium quality service, unfolding a wide array of class products.
With technology leadership and service the bank is able to meet some of the most
challenging financial needs of clients.A Current Account is one that is required by
Businessman, Joint stock companies, Institutions, Public authorities,
public corporations etc. Any business that has numerou s banking
tranactions need a current account as it

Allows running account supporting unlimited withdrawals and deposits.

Is meant for convenience and not to save money.

Roaming Current Account

Only Roaming Current Account from ICICI Bank travels the distance with
customers business. With advanced technological features such as MCC and
LCC, banking needs are well taken care of, customers can access their accounts
at over 500 networked branches across the country.
So while customers take care of their business, ICICI Banks Roaming Current
Account simplifies banking for them.

Salary Accounts
Salary Account is a feature rich corporate payroll account with benefits for
both corporates and its employees.

The process of drawing cheques for salaries is replaced

by sending a single ASCII fi le to the bank and the amount
is directly credited into the employees salary account

Cuts down payroll processing workload

Salary Account can be opened with minimum 10

employees

Instant credit of salaries

ICICI Bank Salary Account is a benefit-rich payroll account for Employers and
Employees.As an organization, you can opt for our Salary Accounts to enable

easy disbursements of salaries and enjoy numerous other benefits too.With

ICICI Bank Salary Accounts your employees will enjoy the convenience of :

Having the largest network of ATMs at their command,

Free 24 hour Phone Banking,

Free Internet Banking.

All that the organization would require to do is to send ICICI Bank an advice
(in form of a cheque/debit instruction, ecs, etc) for the total salary amount
along with the salary details of the designated employees in a soft and hard
copy format and we will credit the respective employees' accounts as per
your statement of advice.ICICI Bank Salary Accounts benefits you in more
than one ways:

Reduces paperwork.

Saves remittance costs.

Employees receive instant credit of salaries. More convenient than ECS.

Besides all of the above, employees automatically become ICICI Bank
account holders with special benefits and privileges of 8-8 banking,
Investment advisory and much more...

Fixed deposits:

Fixed deposits are options which help you grow your

money thus creating wealth in a safer and secure way.
ICICI provides its customers with various kinds of Fixed
deposit facilities that are flexible and cater to customers
who have different needs and wants in their fixed
deposits.
ICICI provides a Fixed Deposit that allows customers to deposit their money for just
as long as you wish.

 Wide range of tenures 15 days to 10 years.

Choice of investment plan traditional and cumulative deposits.
Partial withdrawal allowed.
Loan facility available you can avail loan up to 90% of principal and accrued
interest.
Auto renewal facility you can choose this option so that the deposit can be
renewed on maturity.
Interest compounded quarterly.
Additional interest rate of 0.5% for senior citizens.
Recurring Deposits:

ICICI Bank Recurring Deposits are an ideal way

to invest small amounts of money every month and
end up with a large kitty on maturity.High
recurring billing and recurring payments can
be a drain on your finances and hence large
investments may seem a plan away.
Recurring deposits aims to encourage savings without putting any stress on
customers finances by making them to put a lump sum amount in fixed
deposit in one go.The recurring deposit also attracts high rate of return that
are identical to the fixed deposit rates and most importantly no TDS is
applicable in it .the minimum balance of deposit is of Rs.500 and thereafter
in multiples of Rs.100 the minimum period is 6 months and thereafter in
multiples of 3 months,nomination facility is also available.
Security Deposits:

A few Corporates stipulate to their new employees

to provide Security Deposit to reduce attrition. ICICI
Banks proposal for the employee is to keep the
Security Deposit in the form of a Fixed Deposit (FD)
with the Bank. The employee cannot withdraw such
FDs without the consent of the company and the
company has the right to withdraw the FD in the
event of employee leaving the organization before a certain stipulated
period.
ICICI Bank Tax-Saver Fixed Deposit

ICICI Banks Tax-Saver Fixed Deposit enables you to save tax and earn high
returns. A dual benefit option structured to maximise your advantage. ICICI Banks
Tax Saver FD is the perfect solution for your investment needs.
EEFC Account
Indian exports have surged over the last decade owing to an unprecedented boom
in sectors like software, biotechnology, gems, jewellery, textiles etc. As a result of
this, the volume of inward remittances has also increased significantly. To shield the
firms engaged in regular export and import from the exchange rate fluctuations RBI
has allowed parking of foreign currency by exporters in an account designated as
Exchange Earners Foreign Currency Account (EEFC). EEFC accounts are Current
Accounts held in foreign currency with authorized dealers of foreign exchange in the
country.
Resident Foreign Currency (Domestic) Account
Do you want to save money while buying foreign currency for travelling abroad? You
can buy travellers cheques, foreign currency in cash and foreign currency demand
draft for your expenses overseas. If you are a frequent traveller, you may not want
to go through the hassles of buying foreign currency every time you travel abroad.

The Reserve Bank of India has now made it easier for you to access foreign
currency by permitting a foreign currency account (domestic) for resident
Indians. In line with RBI guidelines, ICICI Bank has come up with a scheme
that helps you get rid of all your forex worries. You can park your foreign
currency in ICICI Bank under RFC (D) account. Non-interest bearing Resident
Foreign Currency (D) (RFC (D)) with ICICI Bank can be maintained in four
major currencies (USD, EURO, GBP and Japanese Yen)
PRIVILEGE BANKING:
Privilege banking service ensures preferential treatment to its customers.
Silver privilege A/c

Waiver of multi-city cheque book usage up to Rs. 1,00,000 per month.

Waiver of DD/PO charges for upto Rs.50,000 per day.

Preferential rates of gold coins,deposits lockesr &foreign exchange.

Quarterly average balance requirement of Rs.25000.

Gold privilege A/c

Priority processing at all ICICI Bank branches and customer care.

Free usage of payable -at-par chequebook.

Free international gold debit card with higher daily withdrawal and spend
limit.

Waiver of DD/PO charges for up to Rs.100,000 per day.

Free anywhere banking facility.

Prefrential rates for gold coins,deposit lockers and foreign exchange.

Quarterly Average Balance(QAB) requirement of Rs.50000.

Titanium privilege A/c

Branch relationship
relationship manager.

manager

supported

with

phone

banking

Priority processing at ICICI Bank brancghes and customer care.

Free international titanium debit card with higher daily withdrawal and
spend limit.
Free anywhere banking facility.
Free usage of multy-city cheque book.
Free physical monthly account statement.
Complete waiver on DD/PO charges.
Preferential rates for gol coins,deposit lockers and foreign exchange.
Quarterly average balance (QAB)requirement of Rs.75000 and Total
Relationship Value(TRV)of Rs. 5,00,000.
Family banking:
Superior
product
benefits
of
privilige
banking,wealth
management and global private client(GPC) available to all the
members of your family while the required minimum balance can
be maintained in any of the accounts.

Access to superior benefits for the entire family.

Flexibility to maintain balances across account.

Lower minimum balance requirement at individual customer level.

Single family bank convenience for the entire family and easier funds
management.
Outward Remittance:

Send money to your loved ones abroad

ICICI Bank offers you a simple way to send money outside India. Our Outward
Remittance facilities make remitting money abroad quick, and reliable. ICICI
Banks Outward Remittance is the solution for your all your needs. Be it
money for education, gift money or maintenance for loved ones or donation
for a cause. Our extensive network gives us reach to most parts of the world.
Advantage Deposit

Advantage Deposit is a combination of fixed deposit and mutual fund

investment, offering you the safety of a fixed deposit and the returns of an
equity fund. Advantage Deposit counters equity-market fluctuations through
Systematic Investment Plans.

Combination of a Fixed Deposit (with monthly interest payout) and

Systematic Investment Plan (SIP) of a Mutual Fund.

Re-investment of monthly interest payout of Fixed Deposit into systematic

investment plan of Mutual Fund.

Automatic debits to account through Standing Instruction / ECS debit

mandate

New Pension System of Government of India

ICICI Bank with 49 branches is a Point of Presence (POP) for the NEW
PENSION SYSTEM launched on May 1, 2009 by the Government of India. The
scheme, promoted by the PFRDA (Pension Fund Regulatory and Development
Authority, Government of India), is a first of its kind in India and is being
launched pan-India by 22 other POP's as well.
The purpose of this pension scheme is to promote security of income to its
subscribers in their old age. The scheme will empower a subscriber to plan
his own retirement and pension. It not only will help him save for life after
retirement but also is a good investment tool as the returns are market-

driven. For optimum returns, the Government has appointed six fund
managers for subscribers to choose from.
LOANS
HOME LOAN
Interest rates on home loans have come down considerably
in the last few years. Individuals who opted for housing loans
in the years gone by, are still servicing them at 17% to 21%
per annum. Quite a price to pay, since one can get a loan
today for around 12% per annum. In such a case, you can opt
for a balance transfer. Under this scheme, customers can
replace their existing old high interest loan by a cheaper
(equal to applicable current rates) loan. ICICI Home Finance
will not only finance the balance amount of outstanding loan
but also your prepayment charges to the old housing finance company.
The result:
A lower EMI with the same tenure .
A reduced tenure with the same EMI.
A reduced tenure and EMI .
The same EMI and tenure but an additional amount as a loan.
PERSONAL LOANS
ICICI Bank Personal Loans are easy to get and absolutely
hassle free. With
minimum documentation you can now secure a loan for an
amount up to Rs.
15 lakhs.

Loans for salaried & self employed individuals.

Loans are available from Rs. 20,000 to Rs. 15 Lakhs.

Repayment tenures from 12 - 60 months.

No Security,Collateral or Guarantors required.

Loans can be used for any purpose with no questions asked regarding
the end use of the loan.

A balance transfer facility available for those who want to retire any
higher debt.

All loan repayments are done via equated monthly instalments (EMI).

CAR LOAN

The NO. 1 financier for car loans in the country. Network of

more than 1500 channel partners in over 780 locations. Tieups with all leading automobile manufacturers to ensure
the best deals. Flexible schemes & quick processing.
Hassle-free application process on the click of a mouse.
COMMERCIAL VEHICLE LOAN

TWO

Reaches you through more than 700 locations

across the country.
Range of products under one umbrella.
Funding of various products like HCVs, Buses,
MCVs, LCVs, 3 wheelers & used vehicle.
Range of services on existing loans &
extended products like funding of new vehicles, refinance on used vehicles,
balance transfer on high cost loans, top up on existing loans, Xtend product,
working capital loans & other banking products..
Preferred financier status with most of the leading manufacturers.
Simple documentation.
Quick turn around time.
Flexible financing solutions to meet the individual requirement.
WHEELER LOANS:

"Zoom" away in your favourite two wheeler. ICICI provides

attractive schemes at competitive interest rates.

Finance facility available for all two wheelers ranging

from mopeds to motor bikes.

Now avail Finance upto 90%* of the On Road Cost of the

vehicle, repayable in convenient tenure options ranging from 6 months to 36
months*.

Ride Easy Pay Easy with ICICI Bank Two Wheeler Loans.

In an unlikely case of your not meeting our norms NO PROBLEM - you can still
avail our loan, any blood relative can be your co-applicant.

Existing ICICI Bank Customers ride away on your favourite Two Wheeler by
availing Loan On Phone*-- a facility to get an instant loan over the phone!!
Apply for loan online, call or through sms.

FARM EQUIPMENT LOANS:

ICICI is the preferred financier for almost all leading

tractor manufacturers in the country.
ICICI finances farm equipments in over 381 locations
spread across the country.
Provides fast processing of files with easy
documentation.
Flexible repayment options in tandem with the
farmer's seasonal liquidity.
Monthly, Quarterly and Half-yearly repayment patterns to choose from.
Comfortable repayment tenures from 1 year to 6 years.
CONSTRUCTION EQUIPMENT LOAN
Having funded infrastructure for over 4 decades, ICICI
understands the need of the customers better. ICICI Bank
offers attractive financial packages through their excellent
distribution network. The products are customised for new
entrepreneur to large business houses. ICICI has tie-up with
leading construction equipment manufacturers for wide
range of products. The Bank take over existing high cost loans at competitive
terms resulting in huge savings and is quick in processing due to easy formalities
and one time sanction of loans for disbursement over a period of time.
OFFICE EQUIPMENT LOAN:
Minimum documentation required . Doorstep Service.
rates.

Competitive Interest

Flexible repayment structure.

a mouse.

Hassle-free application process with the click of

Details on your application status online.

MEDICAL EQUIPMENT LOAN:
Professional doctors are aware of the distinct advantages that the latest medical
equipment can give their patients. ICICI Bank Medical Equipment Loans supports
professionals in their effort to give the best to their patients. It's our humble way
of being involved in a noble profession.
Loans are offered for:
Purchase of New equipments.
Takeover of Existing loan.
Our Key features are:
Doorstep Service.
Funding in more than 150 locations across the country.
The bank provides Competitive interest rates.
ICICI also offers flexible repayment structure.
LOAN AGAINST SECURITIES
Loans against Securities enables customers to obtain loans against their securities.
So they get instant liquidity without having to sell their securities.
All customers have to do is pledge your securities in favour of ICICI Bank The Bank
will then grant them an overdraft facility upto a value determined on the basis of
the securities pledged by them. A current account will be opened and customer can
withdraw money as and when they require. Interest will be charged only on the
amount withdrawn and for the time span utilised.
ICICI offer loans against:

Demat Shares
RBI Relief Bonds
Mutual Funds Units
India Millennium Deposits (IMDs)
ICICI Bank Bonds
Life Insurance Policies (Single Premium)

CREDIT CARDS:

ICICI Bank Credit Cards give you the facility of cash,

convenience and a range of benefits, anywhere in the world.
These benefits range from life timefree cards, Insurance

benefits, global emergency assistance service, discounts, utility payments, travel

discounts and much more.
DEBIT CARDS:

The ICICI Bank Debit Card is a revolutionary form of cash

that allows customers to access their bank account around
the clock, around the world.The ICICI Bank Debit Card can
be used for shopping at more than 100,000 merchants in
India and 13 million merchants worldwide.
TRAVEL CARD:

Presenting ICICI Bank Travel Card. The Hassle Free way to

Travel the world. Traveling with US Dollar, Euro, Pound
Sterling or Swiss Francs; Looking for security and
convenience; take ICICI Bank Travel Card. Issued in duplicate.
Offers the Pin based security. Has the convenience of usage
of Credit or Debit card.

PRE PAID CARDS:

ICICI Bank brings to you a complete bouquet of pre-paid

cards providing payment solutions at your fingertips. ICICI
Bank pre-paid cards are a safe &convenient way for
associate payments, disbursements, gifting & small ticket
transactions. Pre-paid cards are available on a VISA
platform thus providing accessibility to over one lakh
merchant establishments & cash withdrawal from all VISA
ATMs in India.
INVESTMENTS
ICICI Bank cares about all
needs. Along with Deposit
products and Loan offerings,
ICICI Bank assists people to
manage their finances by
providing various investment options ranging from ICICI Bank Tax Saving Bonds
to Equity Investments through Initial Public Offers and Investment in Pure Gold.
ICICI Bank facilitates following investment products:

ICICI Bank Tax Saving Bonds

Government of India Bonds

Investment in Mutual Funds

Initial Public Offers by Corporate

Investment in "Pure Gold"

Foreign Exchange Services

Senior Citizens Savings Scheme, 2004

Customers can invest in above products through any of ICICI bank branches. For
select products ICICI Bank also provides the ease of investing through electronic
channels like ATMs and Internet (ICICIdirect.com)
ICICI BANK BONDS
All ICICI Bank Bonds have been rated "AAA" by CARE and "LAAA" by ICRA
indicating the highest degree of safety for your money.
Investment in ICICI Bank Bonds are eligible for tax rebate under Sec 88 to the
full extent possible.
Bonds are listed on BSE, NSE.
GOI BONDS
8% Savings Bonds (Taxable), 2003.
Low risk.
Reasonable investment tenure.
Nomination facility available.
Cannot be traded in secondary market.
Interest income taxable.
Mutual Funds
Mutual Funds pool money of various investors to purchase a wide variety of
securities while pursuing a specific goal. Selection of Securities for the purpose is
done by specialists from the field. Returns generated are distributed to the
Investors.
Mutual Fund Companies offer various schemes. Investors can choose any particular
Fund/Scheme or mix of Funds/Schemes depending upon their perception towards

risk. Investment is done on the basis of prevailing Net Asset Values of various
schemes. Mutual Funds Investments are subject to Market Risks.
Types of Funds Sold
ICICI Bank helps investor determine which types of funds you need to meet your
investment goals. This may include the following types of funds:
Debt: Liquid schemes, Income schemes, G-sec schemes, Monthly Income Schemes
etc.
Equity: Diversified Equity Schemes, Sector Schemes, Index Schemes etc.
Hybrid Funds: Balanced Schemes, Special Schemes - Pension Schemes, Child
education Schemes etc.
ICICI Bank helps investors identify an appropriate mix of Mutual Fund schemes for
their
portfolio using asset allocation strategies.
Through ICICI Bank investor can invest in various schemes of multiple mutual funds
with decent performance record. investor can take the aid of ICICI Banks various
research reports on mutual funds and their schemes before choosing a scheme for
investment. ICICI Bank offers investment in Mutual Funds through Multiple
Channels. With ICICI Bank, investor can invest in Mutual Funds through following
channels.

ICICI Bank Branches

ICICI Bank ATMS
ICICIdirect.com

And provide a Dedicated workforce to serve clients.

Before being deputed, our officers complete a comprehensive training

program and, once deputed, they receive thorough instructions in financial
planning skills and techniques
Throughout their careers officers also attend programs to update their skills.
All officers in charge of Mutual Funds are certified professionals by AMFI
(Association of Mutual Funds in India)
Many of these officers also hold professional degrees like - MBA, CA, ICWA,
and CFA etc.

ICICI keeps the investors updated on the latest happenings in the Mutual Fund
industry and the various financial markets through regular electronic updates (daily
& weekly) through Emails. ICICI also send out a monthly magazine on investments
to their customers.
Initial public offerings (IPO)

Investor can invest in IPOs online through www.icicidirect.com with same

convenience of investing in equities - hassle-free and with zero paper work. Also,
get in-depth analyses of new IPOs issues (Initial Public Offerings) which are about to
hit the market. IPO calendar, recent IPO listings, prospectus/offer documents and
live prices will help you keep on top of the IPO markets.
ICICI Bank Pure Gold
Gold has been traditionally the most favored form of investment for Indians. In fact,
India, even today is amongst the highest consumers of Gold in the world. However,
the Gold market remains largely unorganized with reliability and convenience
remaining the key issues for gold buyers in the country. ICICI Bank with its `Pure
Gold' offer attempts to bridge the gap between the need of the customers for
buying gold and availability of an organized avenue to satisfy that need, by taking
care of the two key components:Reliability and Convenience.
Reliability 24 Carat ICICI Bank Pure Gold is imported from Switzerland. This Gold
carries a 99.99% Assay Certification, signifying highest level of purity, as per
international standards.
Convenience
ICICI Bank Pure Gold is competitively priced based on daily prices in the
international bullion market. Currently, gold is available in 2.5g, 5g, 8g, 20g and 50g
categories.
PRIVATE BANKING
Benefits: Comprehensive range of products and services
-Savings Account, Fixed Deposits, Recurring Deposits, Quantum Optima, Current
Accounts,
-Resident Foreign Currency (Domestic) Accounts etc.
-Asset Products- Home Loans, Car & Personal Loans, Loan Against Securities etc.
-Investments- Government of India Bonds, Mutual Funds, Capital Gain Bond etc.
-Insurance
-Web Trade and Demat Accounts
-Gold Coins & Bureau de Change
-International Debit and Credit cards
-And many more....
Exclusivity and Convenience

-Dedicated Officer
-Separate interaction area in the branch
-Anywhere Banking facility
-Exclusive Phone Banking service
-Competitive Pricing
-Reduced rates for products and services
-Several Complimentary Offers
-Value-linked benefits .

Competitive Pricing
-Reduced rates for products and services
-Several Complimentary Offers
-Value-linked benefits
SERVICES
INVESTMENT SERVICES

DematServices
A Demat Account allows employees transact in shares instantaneously in a
safe and secure manner.

ReliefBonds/MutualFunds/Insurance
Salary Account customers can now invest in Government of India relief and
savings bonds, a basket of mutual funds, foreign exchange facilities and
Insurance products through ICICI Bank.

GoldCoin
Employees can buy 24 karats Pure Gold, which ICICI Bank brings to you. Each
coin comes to you straight from Switzerland. Refined to 99.99% fine gold and
sealed with a unique Certificate of Authencity- guaranteeing you its purity.

FOREX SERVICES
ICICI Bank's Foreign Exchange Services will help you organize your foreign exchange
in the most hassle free manner. Whether its Foreign Currency, Travelers Cheques or

Travel Card, ICICI Bank Foreign Exchange Services is a one-stop solution to your
foreign exchange requirement.

NRI SERVICES
Wherever people may be, in India or abroad, ICICI Bank has created a wide
range of products and services that provide customers complete financial
solutions. Helping them to make the right decisions at the right time and can
be rest assured that they are in the safe and trustworthy hands of ICICI bank.
Deposit Products:
1. NRE Account: An NRI can open a Non-Resident External Account(NRE
Account)with any bank in India. The account not only lets customers manage
their money that they earn in India (as permitted by FEMA Regulations) but
also of the money earned abroad. The money in the account and the interest
earned on it can be sent back outside India without any authorization from
RBI. The Account can be opened and funded in any permissible currency, and
is later converted into Indian Rupees. This Account offers dual benefits of
high returns as offered by the fixed deposits and liquidity as offered by the
savings account. The Account helps customers take care of all their financial
needs, quickly and conveniently. In addition to attractive rupee interest rates
customers get free money transfers, easy access for the customer as well as
for his/her family back in India, and a free mandate card for the loved ones in
India.
2 . NRO Account: The Non-Resident Ordinary Account (NRO Account) allows
customers to hold the money they have earned in India such as rent, dividends,
pensions etc. They can open the account and can fund it in any permissible
currency and is later converted into Indian Rupees. NRO account offers attractive
exchange rates upon conversion of foreign currency into Indian Rupees. This
account to offers high returns and liquidity. However, the interest earned on the
principal amount in the account can be sent back after the deductions of tax in
India.

3. FCNR Account:A Foreign Currency Non Resident Account (FCNR Account)

allows customers to maintain funds as Term Deposits in various foreign
currencies, thereby guarding customers against fluctuating exchange rates.
Under this account both the principal amount and the interest can be sent
back fully, and are taxable in India. The tenures range from 12 to 36 month
4. RFC Account: By opening a Resident Foreign Currency Account
(RFC
Account) customers can maintain funds as Term deposits in various foreign

currencies even after they have returned to India. Both the principal and the
interest can be remitted outside India. The tenures range from 1month to
36months.

Advisory Services
Private Equity Placement
ICICI Bank's Small Enterprises Group's (SEG) Investment Banking team is dedicated
to provide you niche and exclusive investment banking services.

The ICICI Bank Edge

Capital Raising
At times for a growing company, the amount of capital that a promoter can
infuse in the business becomes limited. Businesses can be self sufficient for
capital needs in their nascent and initial growth phases. However to meet
expansion and growth plans, external capital is imperative. We at ICICI Bank,
with our lending experience, fully understand this and help clients raise
equity to fund growth. We have developed a strong network of domestic and
international investors who are keen to partner with such success stories in
India and these players solicit our advice for investing into such companies. .

Buy And Sell Side Advisory

Inorganically adding growth to a business or hiving off non-core activities or
opportunity to realize right value for the business created or an instance of
taking a company on a bigger scale are the ways to strategize today. We at
ICICI Bank provide assistance on both buy side and sell side transaction. With
a large client franchise built, more than 10,000 asset clients and international
linkages in developed economies, ICICI Bank can bring in the best synergy
partner to conclude a sell side or buy side advisory assignment.

Special Situation Solutions

Backed by institutional legacy, in-depth understanding and linkages with key
stakeholders in the process of turnaround, ICICI Bank's Investment Banking
team can design solutions for special situations like CDR, BIFR, OTS, etc.
Count on us to turn around the capital structure of your company and bring in
additional capital for growth.

Online Services
ICICI Bank provides a variety of online services. Now these is no need of walking up
to the bank branch, every time you need to do your banking. As you can do a lot of
it online. From paying your bills to transferring funds, booking your rail/air tickets,
shopping, sending a money order and doing lots more.

AWARDS & RECOGNITION

For the third year in a row ICICI Bank has won The Asset Triple A Country Awards
for Best Domestic Bank in India.

ICICI Bank won the Most Admired Knowledge Enterprises (MAKE) India 2009
Award. ICICI Bank won the first place in "Maximizing Enterprise Intellectual
Capital" category, October 28, 2009.

Ms Chanda Kochhar, MD and CEO was awarded with the Indian Business Women
Leadership Award at NDTV Profit Business Leadership Awards , October 26,
2009.

ICICI Bank received two awards in CNBC Awaaz Consumer Awards; one for the
most preferred auto loan and the other for most preferred credit Card, on
September 30, 2009.

Ms. Chanda Kochhar, Managing Director & CEO ranked in the top 20 of the
World's 100 Most Powerful Women list compiled by Forbes, August 2009.

Financial Express at its FE India's Best Banks Awards, honoured Mr. K.V. Kamath,
Chairman with the Lifetime Achievement Award , July 25, 2009.

ICICI Bank won Asset Triple A Investment Awards for the Best Derivative House,
India. In addition ICICI Bank were Highly commended , Local Currency Structured
product, India for 1.5 year ADR GDR linked Range Accrual Note., July 2009.

ICICI bank won in three categories at World finance Banking awards on June 16,
2009
Best NRI Services bank

 Excellence in Private Banking, APAC Region

Excellence in Remittance Business, APAC Region.

ICICI Bank Mobile Banking was adjudged "Best Bank Award for Initiatives in
Mobile Payments and Banking" by IDRBT, on May 18, 2009 in Hyderabad.

ICICI Bank's b2 branchfree banking was adjudged "Best E-Banking Project

Implementation Award 2008" by The Asian Banker, on May 11, 2009 at the China
World Hotel in Beijing.

ICICI Bank bags the Best bank in SME financing (Private Sector) at the Dun &
Bradstreet Banking awards 2009.
ICICI Bank NRI services wins the Excellence in Business Model Innovation
Award in the eighth Asian Banker Excellence in Retail Financial Services Awards
Programme.

ICICI Bank's Rural Micro Banking and Agri-Business Group wins WOW Event &
Experiential Marketing Award in two categories - Rural Marketing programme of
the year and Small Budget On Ground Promotion of the Year. These awards
were given for Cattle Loan 'Kamdhenu Campaign' and 'Talkies on the move
campaign' respectively.

ICICI Bank's Germany Branch has been certified by Stiftung Warrentest. ICICI
Bank is ranked 2nd amongst 57 savings products across 19 banks

ICICI Bank Germany won the yearly banking test of the investor magazine uro

in the call moneycategory.

The ICICI Bank was awarded the runner's up position in Gartner Business
Intelligence and Excellence Award for Asia Pacific for its Business Intelligence
functions.

ICICI Bank's Organisational Excellence Group was recently awarded ISO

9001:2008 certification by TUV Nord. The scope of certification comprised
processes around consulting and capability building on methods of quality &
improvements.

ICICI Bank has been awarded the following titles under The Asset Triple A
Country Awards for 2009:
Best Transaction Bank in India
Best Trade Finance Bank in India
Best Cash Management Bank in India
Best Domestic Custodian in India
ICICI Bank has bagged the Best Cash Management Bank in India award for the
second year in a row. The other awards have been bagged for the third year in a
row.

ICICI Bank Canada received the prestigious Canadian Helen Keller Award at the
Canadian Helen Keller Centre's Fifth Annual Luncheon in Toronto. The award was
given to ICICI Bank its long-standing support to this unique training centre for
people who are deaf-blind.

Chapter IV & V
Data Analysis & Interpretation
BALANCE SHEET OF ICICI BANK LTD.
2011,Mar 2012,Mar2013,Mar2014.
(Rs. In crores)

As On Mar 2010,Mar

2010

2011

2012

2013

2014

Total Share
Capital

1086.75

1239.83

1249.34

1462.68

1463.29

Equity Share
Capital

736.75

889.83

899.34

1112.68

1113.29

Share
Application
Money

0.02

0.00

0.00

0.00

0.00

Preference
Share Capital

350.00

350.00

350.00

350.00

350.00

Reserves

11813.20

21316.16

23413.92

45357.53

48419.73

Revaluation
Reserves

0.00

0.00

0.00

0.00

0.00

Net Worth

12899.9
7

22555.9
9

24663.2
6

46820.2
1

49883.0
2

Deposits

99818.78

165083.1
7

230510.1
9

244431.0
5

218347.8
2

Borrowings

33544.50

38521.91

51256.03

65648.43

67323.69

Total Debt

146263.2
5

226161.1
7

306429.4
8

356899.6
9

335554.5
3

Other
Liabilities And
Provisions

21396.17

25227.88

38228.64

42895.39

43746.43

Total
Liabilities

167659.4
2

251388.9
5

344658.1
2

399795.0
8

379300.9
6

CAPITAL AND
LIABILITIES:

ASSETS:
Cash And
Balances With
RBI

6344.90

8934.37

18706.88

29377.53

17536.33

Balances With
Banks, Money
At Call

6585.07

8105.85

18414.45

8663.60

12430.23

Advances

91405.15

146163.1
1

195865.6
0

225616.0
8

218310.8
5

Investments

50487.35

71547.39

91257.84

111454.3
4

103058.3
1

Gross Block

5525.65

5968.57

6298.56

7036.00

7443.71

Accumulated
Depreciation

1487.61

1987.85

2375.14

2927.11

3642.09

Net Fixed
Assets

4038.04

3980.72

3923.42

4108.89

3801.62

Capital Work In
Progress

96.30

147.94

189.66

0.00

0.00

Other Assets

8702.59

12509.57

16300.26

20574.63

24163.62

Total Assets

167659.4
0

251388.9
5

344658.1
1

399795.0
7

379300.9
6

Contingent
liabilities

97507.79

119895.78

177054.18

371737.36

803991.92

Bills for
collection

9803.67

15025.21

22717.23

29377.55

36678.71

Book
value(Rs.)

170.35

249.55

270.37

417.64

445.17

EPS

27.22

28.55

34.59

37.37

33.78

No. of
equity
shares

73671609
4

88982390
1

89926667
2

11126874
95

PROFIT AND LOSS ACCOUNT OF ICICI BANK LTD

2010,Mar 2011,Mar 2012,Mar2013,Mar2014.
(Rs. In crores)

11132506
42

As On Mar

2010

2011

2012

2013

2014

Interest Earned

9409.90

13784.49

22994.29

30788.34

31092.5
5

Other Income

3416.14

4983.14

5929.17

8810.77

7603.72

Total Income

12826.0
4

18767.6
3

28923.4
6

39599.1
1

38696.
27

Interest
Expended

6570.89

9597.45

16358.50

23484.24

22725.9
3

Operating
Expenses

3299.15

4479.51

6690.56

8154.18

7045.11

Total Expenses

9870.04

14076.9
6

23049.0
6

31638.4
2

29771.
04

Operating Profit

2956

4690.67

5874.40

7960.69

8925.23

Other Provision
And
Contigencies

428.80

1594.07

2226.36

2904.59

3808.26

Provision For
Tax

522

556.53

537.82

898.37

1358.84

Net Profit

2005.20

2540.07

3110.22

4157.73

3758.1
3

Extraordinary
Items

0.00

0.00

0.00

0.00

(0.58)

Profit B/F

53.09

188.22

293.44

998.27

2436.32

INCOME:

EXPENDITURE:

Total

2058.29

2728.29

3403.66

5156.00

6193.8
7

Preference
Dividend

0.00

0.00

0.00

0.00

0.00

Equity Dividend

632.96

759.33

901.17

1227.70

1224.58

Corporate
Dividend Tax

90.10

106.50

153.10

149.67

151.21

Eps(Rs.)

27.22

28.55

34.59

37.37

33.78

Equity
Dividend(%)

85.00

85.00

100.00

110.00

110.00

Book Value(Rs)

170.35

249.55

270.37

417.64

445.17

Transfer To
Statutory
Reserve

547.00

248.69

1351.12

1342.31

2008.42

Transfer To
Other Reserve

600.01

1320.34

0.00

0.01

0.01

Proposed
Dividend/Transf
er To Govt

723.06

865.83

1054.27

1377.37

1375.79

Balance C/F To
Balance Sheet

188.22

293.44

998.27

2436.32

2809.65

Total

2058.29

2728.30

3403.66

5156.01

6193.8
7

Pershare Data

Appropriations

FINANCIAL STATEMENT ANALYSIS

Comparative Balance Sheet Of ICICI Bank From 2010-2011 To 2013 - 2014

(Rs. in crores)
PARTICULARS

2010-11

2011-12

2012-13

2013-14

Absolu
te
change

% of
chang
e

Absolu
te
change

% of
chang
e

Absolu
te
change

% of
chang
e

Absolut
e
change

% of
chan
ge

Capital

153.08

14

9.51

0.8

213.34

17

0.61

.04

Reserves and
surplus

9502.96

80

2097.76

10

21943.6
1

94

3062.2

Deposits

65264.3
9

65

65427.0
2

40

13920.8
6

(26083.2
3)

(11)

Borrowings

4977.41

15

12734.1
2

33

14392.4

28

1675.26

2.5

Other Liabilities
and Provisions

3831.71

18

13000.7
6

51.5

4666.75

12

851.04

TOTAL
CAPITAL AND
LIABILITIES

83729.
55

50

93269.
17

37

55136.
96

16

(20494.
12)

(5.1)

Investments

21060.0
4

42

19710.4
5

27.5

20196.5

22

(8396.03
)

(7.5)

Advances

54757.9
6

60

49702.4
9

34

29750.4
8

15

(7305.23

(3.25)

Fixed assets

(57.32)

(1.4)

(57.3)

(1.4)

185.47

(307.27)

(7.5)

Capital Work In
Progress

51.64

54

41.72

28.2

(189.66
)

-100

Current assets

7917.23

37

23871.8

81

5194.17

10

(4485.58
)

(8)

TOTAL
ASSETS:

83729.
55

50

93269.
16

37

55136.
96

16

(20494.
11)

(5.1)

CAPITAL AND
LIABILITIES:

ASSETS:

0.00

0.00

Interpretation
The capital of bank increased by 14% in 2009-06,0.8% in
2010-11,17% in 2012-13,and .04 % in 2013-14.This shows
that there is fluctuation in the rate of increase in the capital.
In 2009-10 and 2012-13 the rate of increase in capital is
more than that of 2011-12 and 2013-14.
There is a huge fluctuation in the rate of increase in
reserves and surplus also. This shows that bank is
effectively utilizing its reserves and surplus.
In 2010-11 deposits increase by 65%,in 2011-12 it
increased by 40%,and an increase of 6% in 2012-13.in
2013-14 deposits fall by 11%.this shows that the bank has
repayed its deposits in this year.
The borrowings are also showing a fluctuating rate of
increase in 2013 the borrowings have increased at a very
low rate. This shows that bank has repaid a large amount of
borrowings in this year and thereby reducing the
dependence on outside debt.
The investments are also increasing but with lower rates
compared to the preceding years.
Similarly advances rose by 60% in 2010-11,an increase of
34% in 2011-12, 15% increase in 2012-13 and finally
decreased by 3.25% in 2013-14.
Thre has been a consistent decline in the fixed assets over
years.in 2010-11 and 2011-12 it decreased by 1.4 %
,increased by 5% in 2012-13 and again decreasing by 7.5%
in 2013-14.this is mainly due to increase in the rate of
depreciation in the subsequent years.
A huge fluctuation is revealed from current assets. it
increased by 37% in 2010-11,rate of increase rose to 80%
in 2011-12 and then the it increased at a much lower rate
i.e at 10%.this shows that the bank is effectively ustilising
its working capital.there is a fall in current assets in 2013-

14 by 8 %.this is mainly due to the repayment of deposits in

the years 2013-14.
1. Comparative Income Statement Of ICICI Bank From 2010-2011 To
2013-2014
(Rs. in crores)
PARTICULARS

2010-11

2011-12

2012-13

2013-14

Absolut
e
change

% of
chang
e

Absolu
te
change

% of
chang
e

Absolu
te
change

% of
chang
e

Absolu
te
change

% of
chan
-ge

5941

46.3

10156

54.1

10676

37

(902.8
4)

(2.3)

Interest
expended

3026.56

46

6761.05

70.4

7125.74

43.5

(758.31
)

(3)

Operating
expenses

1180.36

36

2211.05

49.3

1463.62

22

(1109.0
7

(14)

Total expenses

4206.92

43

8972.1

64

8589.3
6

37.2

(1867.
38)

(5.9)

Operating profit

1734.67

59

1183.73

25.2

2086.29

35.5

964.54

12.1

Provision and
contigencies

1199.8

126.1

613.58

28.5

1038.78

37.5

1364.14

36

534.87

27

570.15

22.4

1047.51

34

(399.6)

(10)

0.00

0.00

0.00

0.00

0.00

0.00

(0.58)

0.00

INCOME:

Operating
income

EXPENDITURE
:

Net profit for

the year
Extraordinary
items

Profit brought
forward

TOTAL
PROFIT/
(LOSS):

135.13

254.5

105.22

56

704.83

21

1438.05

144

670

32.55

675.37

25

1752.34

51.4

1037.87

20

Interpretation:The net profit shows a fluctuating trend i.e it increased by 27% in 2010-11,22.4%
increase in 2011-12,and increased by 34% in 2012-13 and finally if falls by 10%
in2012-14.this may be due to decline in operating income and increased tax liability
in the year 2013-14.
The interest expenses from the period 2010 to 2013 showed an increasing trend but
decreased in 2013-14 due to repayment of borrowings.

2. TREND ANALYSIS
Trend Percentage Of ICICI Bank From 2004-2005 To 2008-2009
(base year 2009-2010)

Percentage(%) figures

Particular
s

2010

2011

2012

2013

2014

Deposits

100

165

231

245

219

Advances

100

160

214

247

239

Net profit

100

127

155

207

187

300
250
200
150
100
50
0
2009.5 2010 2010.5 2011 2011.5 2012 2012.5 2013 2013.5 2014 2014.5

Interpretation:
There is a continous increase in the deposits till the year ending 2013
followed by a downfall in the year ending 2014 due to repayment od deposits
in this year.
Similarly advances also shows as increasing trend till the year ending 2013
followed by a slight downfall in the year ending 2014.
There has been a substantial increase in net profit till the year ending 2013.
In four years it has been more than double
The overall performance of the bank is satisfactory.
3. RATIO ANALYSIS
CURRENT RATIO: An indication of a company's ability to meet short-term debt
obligations; the higher the ratio, the more liquid the company is. Current ratio is
equal to current assets divided by current liabilities. If the current assets of a
company are more than twice the current liabilities, then that company is generally
considered to have good short-term financial strength. If current liabilities exceed
current assets, then the company may have problems meeting its short-term
obligations.
CURRENT RATIO = CURRENT ASSETS / CURRENT LIABILITY
Year

Current Assets
(Rs. In crores)

Current
Liabilities

Current Ratio

(Rs. In crores)
2010

21632.56

21396.16

1.01

2011

29549.79

25227.88

1.17

2012

53421.59

38228.64

1.39

2013

58615.76

42895.38

1.36

2014

54130.18

43746.43

1.23

Chart Title
1.5
1

1.17

1.39

1.36

1.23

1.01

Current Ratio

0.5
0
2009

2010

2011

2012

2013

2014

2015

Interpretation:
An ideal solvency ratio is 2. The ratio of 2 is considered as a safe margin of solvency
due
to the fact that if current assets are reduced to half (i.e.) 1 instead of 2, then also
the
creditors will be able to get their payments in full.
But here the current ratio is less than 2 and more than 1 which shows that the bank
have current assets just equal to the current liabilities which is not satisfactory as
the safety margin is very less or zero. Therefore the bank should keep more current
assets so that it can maintain a satisfactory safety margin.

LIQUID RATIO:
Liquid ratio is also known as Quick or Acid Test Ratio. Liquid assets refer to
assets which are quickly convertible into cash. Current Assets other stock and
prepaid expenses are considered as quick assets.
Quick Ratio = Total Quick Assets
Total Current Liabilities
Quick Assets = Total Current Assets Inventory

1.2
0.97

0.88

0.8
0.6

0.6

0.68

0.67

0.4
0.2
0
2009

2010

2011

2012

2013

2014

2015

2010

12929.97

21396.16

0.60

2011

17040.22

25227.88

0.67

2012

37121.33

38228.64

0.97

2013

38041.13

42895.38

0.88

2014

29966.56

43746.43

0.68

Interpretation:
A quick ratio of 1:1 is considered favorable because for every rupee of current
liability, there is at least one rupee of liquid assets. A higher value of ratio is
considered favorable. Here this ratio is less than 1 in 2010,2011 & 2014 but in 2012
and 2013 it is close to 1 which is not satisfactory. This means the bank has not
managed its funds properly in this particular period. Therefore bank should
rationally utilize its funds to maintain an ideal liquid ratio.

EARNING PER SHARE:

In order to avoid confusion on account of the varied meanings of the term capital
employed, the overall profitability can also be judged by calculating earning per
share
with the help of the following formula:
Earning Per Equity Share = Net Profit after Tax Preference Dividend
No. of Equity shares

The earning per share of the company helps in determining the market price of the
equity shares of the company. A comparison of earning per share of the company
with
another will also help in deciding whether the equity share capital is being
effectively
used or not. It also helps in estimating the companys capacity to pay dividend to its
equity shareholders.

Year

Net Income
Available For
Shareholders

No. Of Equity
Shares

EPS

(Rs. In crores)

(Rs. In crores)
2010

2005.2

73.6716

27.22

2011

2540.07

88.9823

28.55

2012

3110.22

89.9266

34.59

2013

4157.73

111.2687

37.37

2014

3758.13

111.325

33.78

EPS
40

34.59

35
30

27.22

37.37

33.78

28.55

25

EPS

20
15
10
5
0
2009

2010

2011

2012

2013

2014

2015

Interpretation:
Earning Per Share is the most commonly used data which reflects the performance
and prospects of the company. It affects the market price of shares.

Here the Earning Per Share is shows a persistent increase till the year 2013 after
that in the year 2009 Earning Per share is followed by a downfall due to decline in
profits.
DIVIDEND PER SHARE :
It is expressed by dividing dividend paid to equity shareholders by no. of equity
shares. This shows the per share dividend given to equity share holders.It is very
helpful for potential investors to know the dividend paying capacity of the company.
It affects the market value of the company.

Dividend Per Share = Dividend Paid To Equity Shareholders

No. Of Equity Shares

Year

Dividend Paid

No. Of Equity
Shares

DPS

(Rs. In crores)

(Rs. In crores)
2005

632.96

73.6716

8.59

2006

759.33

88.9823

8.53

2007

901.17

89.9266

10.02

2008

1227.7

111.2687

11.03

2009

1224.58

111.325

11

DPS
12

11.03
10.02

10
8

8.59

11

8.53
DPS

6
4
2
0
2009

2010

2011

2012

2013

2014

2015

Interpretation:
Here the Dividend Per Share is increasing year after year except a little decline in
2014.otherwise the dividend per share ratio of the bank is quite satisfactory which
shows the bank has a good dividend paying capacity.

NET PROFIT RATIO:

This ratio indicates the Net margin on a sale of Rs.100. It is calculated as follows:
Net Profit Ratio =

Net Profit

X 100

Net Sales
This ratio helps in determining the efficiency with which affairs of the business are
being managed. An increase in the ratio over the previous period indicates
improvement in the operational efficiency of the business. The ratio is thus on
effective measure to check the profitability of business.

Year

Net Profit

Sales

Net Profit Ratio

(Rs. In crores)

(Rs. In crores)

(in %)

2010

2005.2

9409.9

21.3

2011

2540.07

13784.49

18.42

2012

3110.22

22994.29

13.52

2013

4157.73

30788.34

13.5

2014

3758.13

31092.55

12.08

Net Profit Ratio in %

25
20

21.3
18.42
13.5213.5

15

Net Profit Ratio in %

12.08

10
5
0
2008

2010

2012

2014

2016

Interpretation:
Although both the sales and net profit have increased during the above period but
the Net Profit Ratio of the bank is declining continuously. This is because of the
reason that net profits have not increased in the same proportion as of the sales.

OPERATING PROFIT RATIO:

This ratio is calculated as follows:
Operating Profit Ratio =

Operating Profit

X100

Net Sales
The difference between net profit ratio and net operating profit ratio is that net
operating profit is calculated without considering non-operating expenses and nonoperating incomes. If we deduct this ratio from 100,the result will be operating ratio.
Higher operating profit ratio enable the organization to recoup non-operating
expenses out of operating profits and provide reasonable return.

Year

Operating
Profit

Sales
(Rs. In crores)

Operating
Profit Ratio (in
%)

(Rs. In crores)
2010

2956

9409.9

31.41

2011

4690.67

13784.49

34.02

2012

5874.4

22994.29

25.54

2013

7960.69

30788.34

25.85

2014

8925.23

31092.55

28.7

Operating Profit Ratio (in %)

40

34.02

35
30

31.41

25.54

25.85

28.7

25

Operating Profit Ratio (in %)

20
15
10
5
0
2009

2010

2011

2012

2013

2014

2015

Interpretation:
In the year 2010 & 2011 the operating profit is 31.41% & 34.02% respectively. After
that it has been consistently declined from the year 2012 till 2013 and again
gaining momentum in 2014. This may be due to the reason that operating expenses
have been increased more as compared to sales during the above period
consequently reducing the operating profits. Therefore the bank should check on
unnecessary operating expenses to correct this situation and to provide a sufficient
return.

RETURN ON NET WORTH:

It measures the profitability of the business in view of the shareholders. It judges
the earning capacity of the company and the adequacy of return on proprietors
funds.Shareholders and potential investors are interested in this ratio.It is calculated
as below:

Return On Net Worth = Net Profit After Interest And Tax

x 100

Shareholders Funds

Year

Net Profit After

Interest And Tax

Shareholder's
Fund

Return On
Net Worth (in

(Rs. In crores)

%)
(Rs. In crores)

2010

2005.2

12899.97

15.54

2011

2540.07

22555.99

11.26

2012

3110.22

24663.26

12.61

2013

4157.73

46820.21

8.88

2014

3758.13

49883.02

7.53

Return On Net Worth (in %)

18
16

15.54

14
12

11.26

10

12.61
8.88

Return On Net Worth (in

%)
7.53

6
4
2
0
2009

2010

2011

2012

2013

2014

2015

Interpretation:
The net profit after interest and tax have increased slowly till the year 2013
followed by a downfall due to high interest payments, operating expenses and
taxation liability. consequently the net worth ratio has declined considerably and
has reduced to more than half in the year 2014 than it was in 2010.
RETURN ON CAPITAL EMPLOYED:
It establishes relationship between profit before interest and tax and capital
employed. It indicates the percentage of return on the total capital employed in the
business. This ratio is also known as Return On Investment. It measures the
overall efficiency and profitability of the business in relation to investment made in
business. It also shows how efficiently the resources are used in the business.
Comparison of one unit with that of the other or performance in one year with that
of the same unit is possible. It is calculated as below:

Year

Net Profit Before

Interest And Tax
(Rs. In crores)

Capital Employed

Return On Capital
Employed (in %)

(Rs. In crores)

2010

9098.09

146263.25

6.22

2011

12694.05

226161.17

5.61

2012

20006.54

306429.48

6.52

2013

28540.34

356899.69

7.99

2014

27842.9

335554.53

8.29

Return On Capital Employed (in %)

9
8

7.99

7
6

6.22

6.52
5.61

Return On Capital
Employed (in %)

4
3
2
1
0
2009.5 2010 2010.5 2011 2011.5 2012 2012.5 2013 2013.5

Interpretation:
The above table exhibit the return on capital employed ratio of the bank for last five
years. This ratio measures the earning of the net assets of the business. The ratio
was 6.22% in year 2010. After that it raised to the tune of 5.61%,6.52%,7.99% and
8.29% in year 2011, 2012, 2013 and year 2014 respectively. It lead to the
conclusion bank rising but very little proportion of return on capital employed.
DEBT- EQUITY RATIO:
The Debt-Equity ratio is calculated to find out the long-term financial position of the
firm. This ratio indicates the relationship between long-term debts and
shareholders funds. The soundness of long-term financial policies of a firm can be
determined with the help of this ratio. It helps to assess the soundness of long-term
financial policies of a business. It also helps to determine the relative stakes of
outsiders and share holders. Long-term creditors can assess the security of their

funds in a business. It indicates to what extent a firm depends upon lenders to meet
its long-term financial requirements. A low Debt-Equity ratio is considered better
from the point of view of creditors.

Year

Debt

Equity

Debt Equity Ratio

(Rs. In crores)

(Rs. In crores)

2010

154759.45

12899.97

11.99

2011

228832.96

22555.99

10.14

2012

319994.86

24663.26

12.97

2013

352974.87

46820.21

7.53

2014

329417.94

49883.02

6.6

Debt Equity Ratio

14
12

12.97

11.99
10.14

10
8

7.53

Debt Equity Ratio

6.6

4
2
0
2009

2010

2011

2012

2013

2014

2015

Interpretation:
The ratio shows the extent to which funds have been provided by long-term
creditors as compared to the funds provided by the owners. Here the Debt-Equity
ratio for the above period is always high. This shows that the bank is more relying
on outside funds as compared to internal sources of capital, in its capital structure.
From the long-term lenders point of view this ratio is not satisfactory.

PROPRIETORY RATIO:

It is also called shareholders equity to total equity ratio or net worth to total assets
ratio or equity ratio. It compares the shareholders funds to total assets. It is
calculated by dividing shareholders funds by total assets.
Proprietory Ratio =

Shareholders Fund
Total Assets

It helps to determine the long-term solvency of a company. This ratio measures the
protection available to the creditors. Higher the ratio, lesser is the likelihood of
insolvency in future, as the management has to use lessor debts and vice versa.
Thus, this ratio is of great importance to the creditors.

Years

Shareholder's
Funds

Total Assets

Proprietory
Ratio

(Rs. In crores)

(Rs. In crores)
2010

12899.97

167659.4

0.07

2011

22555.99

251388.95

0.08

2012

24663.26

344658.11

0.07

2013

46820.21

399795.07

0.12

2014

49883.02

379300.96

0.13

Proprietory Ratio
0.14
0.12

0.12

0.13

0.1
0.08
0.06

0.07

0.08

Proprietory Ratio
0.07

0.04
0.02
0
2009

2010

Interpretation:

2011

2012

2013

2014

2015

Above table exhibits the proprietary ratio of the bank for last five years . It was 7%
in 2010,After that was 8% in year 2011. Similarly it was once again reduced to 7 %
in the year 2012. After 2012 it registered increase and was 12% and 13% in the
year 2013 and 2014 respectively. Hence it leads to the conclusion owners have less
than 13% stake in the total assets of the bank. It is not a good sign as far the long
term solvency is concerned.

FIXED ASSETS TURNOVER RATIO:

It is also called as Sales to Fixed Assets Ratio. It measures the efficient use of fixed
assets. This ratio is a measure of efficient use of fixed assets. It is calculated as:

Fixed Assets Turnover Ratio = Cost of goods sold or Sales

Net Fixed Assets

It measures the efficiency and profit earning capacity of the business. Higher the
ratio, greater is the intensive utilization of fixed assets and a lower ratio shows
under utilization of the fixed assets. This ratio has a special importance for
manufacturing concerns where investment in fixed assets, is vey high and the
profitability is significantly dependent on the utilization of these assets.

Year

Sales
(Rs. In crores)

Net Fixed
Assets

Fixed Assets
Turnover Ratio

(Rs. In crores)
2010

9409.9

4038.04

2.33

2011

13784.49

3980.72

3.46

2012

22994.29

3923.42

5.86

2013

30788.34

4108.89

7.49

2014

31092.55

3801.62

8.17

Fixed Assets Turnover Ratio

10
8

7.49

0
2009

Fixed Assets Turnover Ratio

5.86

4
2

8.17

3.46
2.33

2010

2011

2012

2013

2014

2015

Interpretation:
Here the fixed assets employed in the business shows a decreasing trend except in
the year 2013 where fixed assets have again increased. This may be due to increase
in rate of depreciation in subsequent years. Never less, the fixed assets turnover
ratio has been consistently increasing. It indicates that fixed assets have been
effectively used in the business without much additional investment in the period of
study and also the capital is not blocked in fixed assets.

4. CASH FLOW STATEMENT OF ICICI BANK

2010
2011
2012

2013

2014

Profit before tax

2,527.20

3,096.61

3,648.04

5,056.10

5,116.97

Net cash flowoperating activity

9,131.72

4,652.93

23,061.95

11,631.1
5

-14,188.149

Net cash used in

investing activity

3,445.24

7,893.98

18,362.67

17,561.1
1

3,857.88

Net cash used in fin.

activity

1,227.13

7,350.90

15,414.58

29,964.8
2

1,625.36

Net inc/dec in cash

and equivlnt

4,459.34

4,110.25

20,081.10

683.55

-8,074.57

Cash and equivalnt

begin of year

8,470.63

12,929.9
7

17,040.22

37,357.5
8

38,041.13

Cash and equivalnt

end of year

12,929.9
7

17,040.2
2

37,121.32

38,041.1
3

29,966.56

Chapter VI
Findings, Suggestions & Conclusion

Findings

Profit before tax for the year ended March 31, 2014 (FY2014) was Rs. 5,117
crore (US$ 1,009 million), compared to Rs. 5,056 crore (US$ 997 million) for
the year ended March 31, 2013 (FY2013).
Profit after tax for FY2014 was Rs. 3,758 crore (US$ 741 million) compared to
Rs. 4,158 crore (US$ 820 million) for FY2013 due to the higher effective tax
rate on account of lower proportion of income taxable as dividends and
capital gains.
Net interest income increased 15% from Rs. 7,304 crore (US$ 1,440 million)
for FY2013 to Rs. 8,367 crore (US$ 1,650 million) for FY2014. While the

advances declined marginally year-on-year, the net interest income

increased due to improvement in net interest margin from 2.2% in FY2013 to
2.4% in FY2014.
Operating expenses (including direct marketing agency expenses) decreased
14% to Rs. 6,835 crore (US$ 1,348 million) in FY2014 from Rs. 7,972 crore
(US$ 1,572 million) in FY2013. The cost/average asset ratio for FY2014 was
1.8% compared to 2.2% for FY2013.
During the year, the Bank has pursued a strategy of prioritizing capital
conservation, liquidity management and risk containment given the
challenging economic environment. This is reflected in the Banks strong
capital adequacy and its focus on reducing its wholesale term deposit base
and increasing its CASA ratio. The Bank is maintaining excess liquidity on an
ongoing basis. The Bank has also placed strong emphasis on efficiency
improvement and cost rationalization. The Bank continues to invest in
expansion of its branch network to enhance its deposit franchise and create
an integrated distribution network for both asset and liability products.
In line with the above strategy, the total deposits of the Bank were Rs.
218,348 crore (US$ 43.0 billion) at March 31, 2014, compared to Rs. 244,431
crore (US$ 48.2 billion) at March 31, 2013. The reduction in term deposits by
Rs. 24,970 crore (US$ 4.9 billion) was primarily due to the Banks conscious
strategy of paying off wholesale deposits. During Q4-2014, total deposits
increased by Rs. 9,283 crore (US$ 1.8 billion), of which Rs. 5,286 crore (US$
1.0 billion), or about 57%, was in the form of CASA deposits. The CASA ratio
improved to 28.7% of total deposits at March 31, 2014 from 26.1% at March
31, 2013.
The branch network of the Bank has increased from 755 branches at March
31, 2012 to 1,438 branches at April 24, 2014. The Bank is also in the process
of opening 580 new branches which would expand the branch network to
about 2,000 branches, giving the Bank a wide distribution reach in the
country.
In line with the strategy of prioritizing capital conservation and risk
containment, the loan book of the Bank decreased marginally to Rs. 218,311
crore (US$ 43.0 billion) at March 31, 2014 from Rs. 225,616 crore (US$ 44.5
billion) at March 31, 2013.

Liquidity position
The liquid ratio of the bank in the year 2010,2011 and 2014 is 0.60,0.67and
0.68 respectively and the year 2012 and 2013 liquid ratio is 0.97 and 0.88
respectively which is close to 1.Though it is not equal to the ideal liquid ratio
of 1:1 but still its under control. So in nut shell, it can be concluded that the
liquidity position of the bank is quite satisfactory.
Capital adequacy and return on capital employed
The Banks capital adequacy at March 31, 2014 as per Reserve Bank of
Indias revised guidelines on Basel II norms was 15.5% and Tier-1 capital
adequacy was 11.8%, well above RBIs requirement of total capital adequacy
of 9.0% and Tier-1 capital adequacy of 6.0%. The above capital adequacy
takes into account the impact of dividend recommended by the Board.
Also the capital is being effectively utilized in the bank as it shows better
return on capital employed over years.
Asset quality
At March 31, 2014, the Banks net non-performing asset ratio was 1.96%.
During the year the Bank restructured loans aggregating to Rs. 1,115 crore
(US$ 220 million).

Dividend on equity shares

Since the dividend per share has shown a promising increase for the period
under study. It shows that the bank is following a sound dividend policy and
is capable of distributing higher dividends. In this way the investors will feel
investing in capital of the bank a much beneficial option and will be reluctant
to withdraw capital for a long time.
Earnings per share

The earnings per share for the period under study also shows a promising
increase. It suggests that bank has better profitability position and in future it
can be a better or attractive channel of investment for shareholders.
Higher trends of credit deposit ratio A

positive sign

High trends of credit deposit ratio reveals that bank has performed
satisfactorily as regard to granting loans and advances to generate income.
It suggests that credit performance is good and the bank is doing its
business good by fulfilling its major objective as regards to granting loans
and accepting deposits.

Conclusion
On the basis of various techniques applied for the financial analysis of ICICI Bank we
can arrive at a conclusion that the financial position and overall performance of the
bank is satisfactory. Though the income of the bank has increased over the period
but not in the same pace as of expenses. But the bank has succeeded in
maintaining a reasonable profitability position.
The bank has succeeded in increasing its share capital also which has increased
around 50% in the last 5 years. Individuals are the major shareholders. The major
achievement of the bank has been a tremendous increase in its deposits, which has
always been its main objective. Fixed and current deposits have also shown an
increasing trend.
Equity shareholders are also enjoying an increasing trend in the return on their
capital. Though current assets and liabilities (current liquidity) of the bank is not so
satisfactory but bank has succeeded in maintaining a stable solvency position over
the years. As far as the ratio of external and internal equity is concerned, it is clear
that bank has been using more amount of external equity in the form of loans and
borrowings than owners equity. Banks investments are also showing an increasing
trend. Due to increase in advances, the interest received by the bank from such
advances is proving to be the major source of income for the bank.

Suggestions

Although the short term liquidity position is quite satisfactory as per revealed
by liquid ratio but the current ratio is below the ideal ratio of 2:1.So the bank
should make efforts to increase its current assets to maintain a safety margin
and to maintain a better liquidity position.
The profitability of the bank for the period under study is not satisfactory.
Profits are increasing but not with same pace as of the expenditure due to
higher reliance on debt capital in the form of borrowings and loans for
financing capital structure. So in order to improve profitability, the bank
should reduce its dependence on external equities for meeting capital
requirements. Consequently, the interest expenses will decline and profits will
increase which is good for the bank. Similarly non productive expenses
should be curtailed to improve profitability.
Higher trend of credit deposit ratio reveals that the bank has performed
satisfactorily as regard to granting loans and advances to generate income. It
suggests that the credit performance of bank is good and it is performing its
business well by fulfilling the major objective of granting credit and accepting
deposit. So in order to have more creditability in the market the bank should
maintain its credit deposit ratio.
Though the bank has been successful in increasing its deposits but to further
improve upon such situation it can introduce some new and attractive
schemes for public. Such schemes can be in the form of higher rate of
interest and shorter maturity period for FDs etc.
Bank should try to finance more and more projects. Financing will help it to
earn higher amount of profits.
The bank is having a greater reliance on debt capital. The increasing reliance
on external equities may prove hazardous in the long run. So in order to
remedy this situation bank should increase its focus on internal equities and
other sources of internal financing.
Bank can also think for improving its day-to -day service to its clients. Such
service can be improved by providing prompt service and showing an attitude
of co-operation to its clients. It will help to give a kind of confidence to the
public and build a better public image.
To achieve the objective of Rural development it should open more and more
branches in different rural areas of the country. It will facilitate in providing
help to rural poor farmers and other living below the poverty line. Bank can
appoint commission agents for different area who can encourage general

public to invest in the capital of the bank and make more deposits in ICICI
Bank.
The bank should simplify the procedure of advances for quick disbursement.
To achieve organizational success a proper independent working atmosphere
should be developed to achieve desired objective more effectively.
Last but not least, bank should adopt branch automation experiment to
control the operational cost.

Bibliography
Books Referred:
Accountancy. R.K. Mittal,A.K.Jain.
Financial Management- Theory and Practice. Shashi.K.Gupta , R.K. Sharma.
Essentials of Corporate Finance 2nd edition ,Irwin /McGraw-Hill.Ross, S.A.,R.W.
Westerfield and B.D. Jordan.
Basic Financial Management ,8th edition ,Prentice -Hall,Inc. Scott, D.F., J.D
Martin, J.W. Petty and A.Keown.
Internet websites:
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Www.Wikipedia.Org
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Www.Scribd.Com

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