Analysis of Financial Statement (Balance Sheet & p&l Account) of Icici Bank

8/10/2019 Analysis of Financial Statement (Balance Sheet & p&l Account) of Icici Bank

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SUMMER TRAINING PROJECT REPORTON

ANALYSIS OF FINANCIAL STATEMENT

(BALANCE SHEET & P&L ACCOUNT) OFICICI BANK

AGRA

Towards partial fulfillment ofMaster of Business Administration (MBA)

(Affiliated to U. P. Technical University, Lucknow)

INDUSRTY GUIDE: FACULTY GUIDE:MR.ASHISH MAHENDRU CHHAYA MANI TRIPATHI

SUBMITTED BY: SAKAR SHUKLAROLL NO: 1305470084M.B.A IIIRDSEMESTER

Session 2014-2015

Department of Management

Babu Banarasi Das

National Institute of Technology & ManagementSector 1, Akhilesh Das nagar, Faizabad Road, Lucknow(U. P.), India


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ACKNOWLEDGEMENT

I express my sincere thanks to my project guide, MR.ASHISH MAHENDRU,MANAGER ICICI

BANK, AGRA for guiding me right from the inception till the successful comple tion of th e

projec t. I sincerely acknowl edge him for ex tending their valuab le guidan ce , support

for literature, critical reviews of project and the report and above all the moral support he

had provided to me with all stages of this project. I would also like to thank the supporting staff

of ICICI for their help and cooperation throughout our project.

My deepest thank goes to Dr. Pooja Bhatia, Head, Department of management, BBDNITM,

Lucknow for her valuable guideline.

Sakar Shukla


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PREFACE

Modern organizations are highly complex ad dynamics systems. They operate under very turbulent

social economic and political environment. They are required to reconcile several incompatible goals.

Conflicting roles and divergent interest they are also fraught with the use risk and uncertainties,

hence tactful management of such organization to plan to execute guide, coordination and control the

performance of people to achieve predetermined goals. Management has to keep the organization

vibrant moving and in equilibrium. It has to achieve goal which themselves are changing it is

therefore a problem highly complex and ticklish.

This information will be asset to finance manager in making effective decisions. The researchers are

used to acquire and analyze information and to make suggestions to management as to how financial

problems should be solved.

The objective of this project is to enable the students to understand the application of the academics

in the real business life. I am fully confident that this project report will be extremely useful to the

management.


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EXECUTIVE SUMMARY

Analysis and Interpretation of the financial statement has now become an important technique of

credit appraisal. Though the basic technique of appraisal remains the same in all the cases but the

approach and the emphasis in analysis vary. Analysis of financial position on the basis of past and

current records. Analysis of financial statement help in making the future decision and strategies.

Therefore, it is very necessary for every organization whether it is a financial or manufacturing etc. to

make financial statement and to analysis it.

ICICI Bank was originally promoted in 1994 by ICICI limited, an Indian financial institution, and

was its wholly owned subsidiary. Income statements of the ICICI motors for years99-00 to 05-06 are

the business mirror, which reflect the financial position and operating strength and weakness of the

concern. Income statement analysis which is done by using ratio analysis and trend analysis give the

true picture of the company. Cost reduction is the true medicine for the revival of the company during

the decline of the company which is studied in this project. The big positive of the cost reduction

initiative goes beyond the statics of money saved. The crisis unified the company. Companies have

emerged from this as phoniex in order to understand and analysis ratio I have used profit and loss and

balance sheet of the both banks. The analysis showed various aspect of bank regarding their financial

system. Observation also indicate most widely emphasis goal of the long term and short term

requirement.


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TABLE OF CONTENTS

S.No Title Page No.

1. Introduction 1

2.Company profile 15

3. Objective of research 48

4. Research methodology 50

5 Problems and Limitations 58

6. Analysis & interpretation 60

7. Findings 81

8. SWOT analysis 86

9. Suggestion/Recommendation 88

10. Conclusion 91

11. Annexure 93

12. Bibliography 99


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INTRODUCTION


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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 analysisis 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.


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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 andevaluation.

Features of Financial Analysis

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

o 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 offinancial statements:-


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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.


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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 moreclearly 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 firmonly .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 andinformations. This analysis is made by external parties such ascreditors,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


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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 analysise. Funds flow analysis

f. Cash flow analysis

g. Break even point analysis


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h.

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 precedingaccounting period as base.

Comparison and analysis of financial statements may be carried out using the following tools:


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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 solvencyposition 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. Comparative income statements facilitate the horizontal analysis since each

accounting variable is analyzed 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 commonsize 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.


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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 whichthe 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 analysis

since each accounting variable is analyzed vertically. One can draw conclusion, regarding the

behavior 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.


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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.


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OBJECTS AND ADVANTAGES OR USES OF RATIO

ANALYSIS

1. Helpful in analysis of financial statements.

2. Simplification of accounting data.

3. Helpful in comparative study.

4. Helpful in locating the weak spots of the business.

5. Helpful in forecasting

6. Estimate about the trend of the business7. Fixation of ideal standards

8. Effective control

9. 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


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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 short-term paying capacity of a concern orthe firms ability to meet its current obligations.

LongTerm 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


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FUNCTIONAL CLASSIFICATION IN VIEW OF

FINANCIAL MANAGEMENT OR CLASSIFICATION ACCORDING

TO TESTS

Liquidity Ratios Long-term

Solvency and

Leverage Ratios

Activity Ratios Profitability

Ratios

-Current Ratio

-Liquid Ratio

(Acid) Test or

Quick Ratio.

-Absolute liquid or

-Cash Ratio.

-Debtors

Turnover Ratio

-Creditors Turnover

Ratio

-Inventory Turnover

ratio

Financial Operating

Composite

-Debt. Equity

Ratio

-Debt to Total

Capital Ratio

-Interest

Coverage Ratio

-Capital Gearing

Ratio

Inventory Turnover

Ratio.

Debtors Turnover

Ratio

Fixed Assets

Turnover Ratio

Total Asset Turnover

Ratio

Working Capital

Turnover Ratio.

Payables Turnover

Ratio

Capital Employed

Turnover Ratio

In Relation to Sales.

Gross Profit 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.


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CASH-FLOW STATEMENT

A cashflow 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. Useful for Short-Term Financial Planning.

2. Useful in Preparing the Cash Budget.

3. Comparison with the Cash Budget.

4. Study of the Trend of Cash Receipts and Payments.

5. It explains the Deviations of Cash from Earnings.

6. Helpful in Ascertaining Cash Flow from various Separately.

7. Helpful in Making Dividend Decisions.


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COMPANY

PROFILE


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Type PrivateBSE &NSE:ICICI,NYSE:IBN

Industry BankingInsuranceCapital Markets and allied industries

Founded 1955 (as I ndustr ial Cr edit and Investment Corporation of I ndia)

Headquarters ICICI Bank Ltd.,ICICI Bank Towers,Bandra Kurla,Mumbai,India

Key people

K.V. Kamath,ChairmanChanda Kochhar,Managing Director & CEOSandeep Bakhshi,Deputy Managing DirectorN.S. Kannan,Executive Director & CFOK. Ramkumar,Executive Director

Sonjoy Chatterjee,Executive Director

Products Loans,Credit Cards,Savings, Investment vehicles, Insurance etc.

Revenue USD 15.06 billion

Total assets USD 120.61 billion (at March 31, 2014.)

Website www.icicibank.com

INTRODUCTION TO ICICI BANK
http://en.wikipedia.org/wiki/Types_of_business_entityhttp://en.wikipedia.org/wiki/Types_of_business_entityhttp://en.wikipedia.org/wiki/Private_companyhttp://en.wikipedia.org/wiki/Bombay_Stock_Exchangehttp://en.wikipedia.org/wiki/National_Stock_Exchange_of_Indiahttp://en.wikipedia.org/wiki/New_York_Stock_Exchangehttp://www.nyse.com/about/listed/ibn.htmlhttp://en.wikipedia.org/wiki/Industryhttp://en.wikipedia.org/wiki/Industryhttp://en.wikipedia.org/wiki/Bankinghttp://en.wikipedia.org/wiki/Insurancehttp://en.wikipedia.org/wiki/Capital_Marketshttp://en.wikipedia.org/wiki/Mumbaihttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/K.V._Kamathhttp://en.wikipedia.org/wiki/Chanda_Kochharhttp://www.icicibank.com/pfsuser/aboutus/newsroom/executivebio/sandeepresume.htmhttp://www.google.co.in/url?sa=t&source=web&ct=res&cd=1&url=http%3A%2F%2Fwww.iciciprulife.com%2Fpublic%2FAbout-us%2FProfileTeam-NSKannan.htm&ei=Hm15Sv_kCob6kAXMhZS7Bg&usg=AFQjCNGrNWm9KBeFK8ECi6w5fJ896TdmpA&sig2=xulVedKfizzwojKQN7-YlAhttp://www.google.co.in/url?sa=t&source=web&ct=res&cd=18&url=http%3A%2F%2Fwww.icicibank.com%2Fpfsuser%2Faboutus%2Fnewsroom%2Fexecutivebio%2Framkumarresume.htm&ei=Xm15SsvHEIHs6APR74GlBQ&usg=AFQjCNF8v8x13iVBwIJflxdj3KFXCQiZmA&sig2=UjBAMVFDRl2e9JqC1kdC8Ahttp://www.google.co.in/url?sa=t&source=web&ct=res&cd=1&url=http%3A%2F%2Fwww.icicibank.com%2Fpfsuser%2Faboutus%2Fnewsroom%2Fexecutivebio%2FSonjoyChatterjeeresume.htm&ei=7215SouIJI6PkAWa_fi5Bg&usg=AFQjCNFLjYIJlKTZeC_Nfh5SzIKaKReSQA&sig2=PwAnEhYQsj--jud3ytWGCwhttp://en.wikipedia.org/wiki/Product_%28business%29http://en.wikipedia.org/wiki/Credit_Cardhttp://en.wikipedia.org/wiki/Revenuehttp://en.wikipedia.org/wiki/USDhttp://en.wikipedia.org/wiki/USDhttp://en.wikipedia.org/wiki/USDhttp://en.wikipedia.org/wiki/USDhttp://en.wikipedia.org/wiki/USDhttp://en.wikipedia.org/wiki/USDhttp://en.wikipedia.org/wiki/Revenuehttp://en.wikipedia.org/wiki/Credit_Cardhttp://en.wikipedia.org/wiki/Product_%28business%29http://www.google.co.in/url?sa=t&source=web&ct=res&cd=1&url=http%3A%2F%2Fwww.icicibank.com%2Fpfsuser%2Faboutus%2Fnewsroom%2Fexecutivebio%2FSonjoyChatterjeeresume.htm&ei=7215SouIJI6PkAWa_fi5Bg&usg=AFQjCNFLjYIJlKTZeC_Nfh5SzIKaKReSQA&sig2=PwAnEhYQsj--jud3ytWGCwhttp://www.google.co.in/url?sa=t&source=web&ct=res&cd=18&url=http%3A%2F%2Fwww.icicibank.com%2Fpfsuser%2Faboutus%2Fnewsroom%2Fexecutivebio%2Framkumarresume.htm&ei=Xm15SsvHEIHs6APR74GlBQ&usg=AFQjCNF8v8x13iVBwIJflxdj3KFXCQiZmA&sig2=UjBAMVFDRl2e9JqC1kdC8Ahttp://www.google.co.in/url?sa=t&source=web&ct=res&cd=1&url=http%3A%2F%2Fwww.iciciprulife.com%2Fpublic%2FAbout-us%2FProfileTeam-NSKannan.htm&ei=Hm15Sv_kCob6kAXMhZS7Bg&usg=AFQjCNGrNWm9KBeFK8ECi6w5fJ896TdmpA&sig2=xulVedKfizzwojKQN7-YlAhttp://www.icicibank.com/pfsuser/aboutus/newsroom/executivebio/sandeepresume.htmhttp://en.wikipedia.org/wiki/Chanda_Kochharhttp://en.wikipedia.org/wiki/K.V._Kamathhttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Mumbaihttp://en.wikipedia.org/wiki/Capital_Marketshttp://en.wikipedia.org/wiki/Insurancehttp://en.wikipedia.org/wiki/Bankinghttp://en.wikipedia.org/wiki/Industryhttp://www.nyse.com/about/listed/ibn.htmlhttp://en.wikipedia.org/wiki/New_York_Stock_Exchangehttp://en.wikipedia.org/wiki/National_Stock_Exchange_of_Indiahttp://en.wikipedia.org/wiki/Bombay_Stock_Exchangehttp://en.wikipedia.org/wiki/Private_companyhttp://en.wikipedia.org/wiki/Types_of_business_entity


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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 medium-term 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.


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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 acquiredBank of Madura (est. 1943). Bank of Madura was aChettiarbank, and

had acquiredChettinad Mercantile Bank (est. 1933) andIllanji 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,
http://en.wikipedia.org/wiki/Bank_of_Madurahttp://en.wikipedia.org/wiki/Chettiarhttp://en.wikipedia.org/w/index.php?title=Chettinad_Mercantile_Bank&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Illanji_Bank&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Illanji_Bank&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Chettinad_Mercantile_Bank&action=edit&redlink=1http://en.wikipedia.org/wiki/Chettiarhttp://en.wikipedia.org/wiki/Bank_of_Madura


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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 andDarjeelingbranches thatStandard Chartered Bank had inherited when it acquiredGrindlays 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
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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.

2010 :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 2010, 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. ; ICICIacquired Investitsionno-Kreditny Bank (IKB), a Russia bank with about US$4mn in assets,

head office inBalabanovo in theKaluga region, and with a branch inMoscow.ICICI renamed

the bank ICICI Bank Eurasia. Also, ICICI established a branch in Dubai International

Financial Centre and inHong 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.

2011 :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 inAntwerp,inBelgium ;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 low-cost 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.
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2012 :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 inDoha.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.

2013 : ICICI Bank enters US The US Federal Reserve permitted ICICI to convert its

representative office inNew 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
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2013 till date and the second largest deal in Asia (ex-Japan & Australia) since the beginning

of 2012. ; 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 co-branded 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.

2014: ICICI Bank Board appoints Mr K. V. Kamath as non-executive Chairman and Ms

Chanda Kochhar as Managing Director & CEO effective May 1, 2014, while the existing non-

executive Chairman Mr N Vaghul retires after completing his term on April 30, 2014 ;ICICI

bank ties up with BSNL Cell One for bill payments, it will facilitate bill payment for BSNL

Cell One users throughwww.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

Export-Import 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, 2014.

ICICI BANK TODAY

ICICI Bank (BSE: ICICI)(formerly 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, 2014 and profit after tax

Rs. 30.19 billion (US$ 648.8 million) for the nine months ended December 31, 2014. The Bank also
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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 2012). 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 ofinvestment 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 atKolkata andVadodara,Mumbai and theNational Stock

Exchange of India Limited,and itsADRs on theNew 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 wholly-owned 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 FY2014. The bank's Current and

savings account (CASA) ratio increased to 28.7% at March 31, 2014 from 26.1% at March 31, 2013.

Increase of Rs. 5,286 crore in CASA deposits in quarter ended March 31,2014.

ICICI Bank is one of theBig Four Banksof India withState Bank of India,Axis Bank andHDFC

Bank

ICICI Bank Group
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BUSINESS PROFILE

Products & Services

Personal Banking

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

FXOnline

SME Services

Online Taxes

Custodial Services

Head Office

ICICI Bank

9th Floor, South Towers

ICICI Towers

Bandra Kurla Complex


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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 of Directors

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.........................................................
http://www.icicibank.com/http://www.icicibank.com/http://www.icicibank.com/http://www.icicibank.com/aboutus/board-of-members-kvk.htmlhttp://www.icicibank.com/aboutus/board-of-members-iyengar.htmlhttp://www.icicibank.com/aboutus/board-of-directors-hrk.htmlhttp://www.icicibank.com/aboutus/board-of-members-mittal.htmlhttp://www.icicibank.com/aboutus/board-of-members-murkumbi.htmlhttp://www.icicibank.com/aboutus/board-of-members-puri.htmlhttp://www.icicibank.com/aboutus/board-of-members-ramachandran.htmlhttp://www.icicibank.com/aboutus/board-of-members-sharma.htmlhttp://www.icicibank.com/aboutus/board-of-directors-v-sridar.htmlhttp://www.icicibank.com/aboutus/board-of-members-subrahmanyam.htmlhttp://www.icicibank.com/aboutus/board-of-members-watsa.htmlhttp://www.icicibank.com/aboutus/board-of-directors-kochhar.htmlhttp://www.icicibank.com/aboutus/board-of-directors-kochhar.htmlhttp://www.icicibank.com/aboutus/board-of-directors-kochhar.htmlhttp://www.icicibank.com/aboutus/board-of-directors-kochhar.htmlhttp://www.icicibank.com/aboutus/board-of-members-watsa.htmlhttp://www.icicibank.com/aboutus/board-of-members-subrahmanyam.htmlhttp://www.icicibank.com/aboutus/board-of-directors-v-sridar.htmlhttp://www.icicibank.com/aboutus/board-of-members-sharma.htmlhttp://www.icicibank.com/aboutus/board-of-members-ramachandran.htmlhttp://www.icicibank.com/aboutus/board-of-members-puri.htmlhttp://www.icicibank.com/aboutus/board-of-members-murkumbi.htmlhttp://www.icicibank.com/aboutus/board-of-members-mittal.htmlhttp://www.icicibank.com/aboutus/board-of-directors-hrk.htmlhttp://www.icicibank.com/aboutus/board-of-members-iyengar.htmlhttp://www.icicibank.com/aboutus/board-of-members-kvk.htmlhttp://www.icicibank.com/


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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 CommitteeBoard Governance Remuneration &

Nomination Committee

Mr. Sridar Iyengar, ChairmanMr. M. K. Sharma, Alternate ChairmanMr. Narendra MurkumbiMr. V. Sridar

Mr. M. K. Sharma, ChairmanMr. K. V. KamathMr. Anupam PuriProf. Marti G. Subrahmanyam

Corporate Social Responsibility

CommitteeCustomer Service Committee

Mr. M. K. Sharma, ChairmanDr. Anup K. PujariMs. Chanda D. Kochhar

Mr. K. V. Kamath, ChairmanMr. Narendra MurkumbiDr. Anup K. PujariMr. M. S. RamachandranMr. M.K. SharmaMs. Chanda D. Kochhar

Credit Committee Fraud Monitoring Committee

Mr. K. V. Kamath, ChairmanMr. Narendra MurkumbiMr. M. S. Ramachandran Mr. M .K.SharmaMs. Chanda D. Kochhar

Mr. M. K. Sharma, ChairmanMr. K. V. KamathMr. Narendra MurkumbiMs. Chanda D. KochharMr. Sandeep Bakhshi

Risk Committee Share Transfer & Shareholders'/

Investors' Grievance Committee
http://www.icicibank.com/aboutus/board-of-directors-bakhshi.htmlhttp://www.icicibank.com/aboutus/board-of-directors-bakhshi.htmlhttp://www.icicibank.com/aboutus/board-of-directors-kannan.htmlhttp://www.icicibank.com/aboutus/board-of-directors-kannan.htmlhttp://www.icicibank.com/aboutus/board-of-directors-ramkumar.htmlhttp://www.icicibank.com/aboutus/board-of-directors-ramkumar.htmlhttp://www.icicibank.com/aboutus/board-of-directors-chatterjee.htmlhttp://www.icicibank.com/aboutus/board-of-directors-chatterjee.htmlhttp://www.icicibank.com/aboutus/board-of-directors-chatterjee.htmlhttp://www.icicibank.com/aboutus/board-of-directors-chatterjee.htmlhttp://www.icicibank.com/aboutus/board-of-directors-ramkumar.htmlhttp://www.icicibank.com/aboutus/board-of-directors-ramkumar.htmlhttp://www.icicibank.com/aboutus/board-of-directors-kannan.htmlhttp://www.icicibank.com/aboutus/board-of-directors-kannan.htmlhttp://www.icicibank.com/aboutus/board-of-directors-bakhshi.htmlhttp://www.icicibank.com/aboutus/board-of-directors-bakhshi.html


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Mr. K. V. Kamath, ChairmanMr. Sridar IyengarDr. Anup K. PujariProf. Marti G. SubrahmanyamMr. V. Prem Watsa

Ms. Chanda D. Kochhar

Mr. M. K. Sharma, ChairmanMr. Narendra MurkumbiMr. N. S. Kannan

Committee of Executive Directors

Ms. Chanda D. Kochhar, ChairpersonMr. Sandeep BakhshiMr. N. S. KannanMr. K. RamkumarMr. 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, world-class service.

Expand the frontiers of our business globally.

Play a proactive role in the full realization of Indias potential.

Maintain a healthy financial profile and diversify our earnings across businesses and

geographies.

Maintain high standards of governance and ethics.


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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


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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

resourceplanning (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 smalland

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 packagefor 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


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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 2013 (25%).

These type of technology gives the freedom to retail customers.

Centralized Processing Units Deri ved Economies Of Scale

Electroni c Straight thr ough Processing Reduced Transaction Cost

Data Warehousing,CRM Improve Cost Ef fi ciency,Cross Sell


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I nnovative Technology Appli cation Provide New Or Super ior Products

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 Deposit Product Investment &

Insurance Auto loan

Loan againstsecurity

Loan againstproperty

Personal loan

Credit card

2- wheeler loan

Commercialvehicles finance

Home loans

Retail businessbanking

Tractor loan

Working capitalfinance

Construction Equipment finance

Health care finance

Education loan

Gold loan

Savings A/C

Current A/C

Fixed Deposits

Demat A/C

Safe DepositLockers

Mutual Funds

Bonds

Knowledge Centre

Insurance

General And HealthInsurance

Equity AndDerivatives

Mudra Gold Bar

Cards Payment Services Access To Bank Credit Card Net Safe Net Banking


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Debit Card

Prepaid Card

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

Forex services

-------------------------------- Product And

Services

Trade Services

Forex ServiceBranch Locater

RBI Guidelines

Merchant

Prepaid Refill

Bill Pay

Visa Bill Pay

InstaPay

Direct Pay

VisaMoneyTransfers

E-Monies ElectronicFunds Transfer

Online Payment OfDirect Tax

One View

InstaAlert MobileBanking

ATM

Phone Banking

Email Statements

Branch Network

WHOLESALE BANKING

Corporate Small and Medium

Enterprises

Financial Institutions

and

Trusts

Funded Services

Non FundedServices

Value AddedServices

Internet Banking

Funded Services

Non FundedServices

Specialized Services

Value Added

Services Internet Banking

BANKS

Clearing Sub-Membership

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


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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 RemitIndia Link

Check Lock Box

Telegraphic/ Wire Transfer

Fund Transfer Cheques/Dds/Tcs

Investment & Insurances Loans

Mutual Funds

Insurance

Private Banking

Portfolio Investment Scheme

Home Loans

Loans Against Securities

Loans Against Deposits

Gold Card Credit

Payment Services Access To Bank

Net Safe

Bill Pay

InstaPay

DirectPay

VisaMoney

Online Donation

Net Banking

One View

InstaAlert

ATM

Phone Banking

Email Statements

Branch Networks


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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.


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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 offeranytime,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.


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Young Stars Account:

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

brought to you by ICICI Bank to help the parents meet the 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.


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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

numerous 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.


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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 file 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.


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Wide range of tenures15 days to 10 years.

Choice of investment plantraditional and cumulative deposits.

Partial withdrawal allowed.

Loan facility availableyou 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 Depositsare an ideal way to invest small

amounts of money every month and end up with a large kitty on

maturity.High recurring billingand recurring paymentscan 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


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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 Depositenables 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


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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.


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

Preferential rates of gold coins,deposits lockesr &foreignexchange.

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 cheque book.

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.

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

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

Titanium privilege A/c

Branch relationship manager supported with phone banking relationship manager.

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.


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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 bankconvenience 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.


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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, 2014 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.


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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


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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. Tie-ups with all leading

automobile manufacturers to ensure the best deals. Flexible schemes & quick processing. Hassle-free

application process on the click of a mouse.


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OBJECTIVE OF THESTUDY


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OBJECTIVE OF THE STUDY

Objectives are the ends that states specifically how goal be achieved. Every study must have an

objective for which all the efforts have been done. Without objective no research can be conducted

and no result can be obtained. On the basis of objective all the research process is followed.

Objectives are the main aspect of every study. The objective of the study gives direction to go

through the research problem. It guides the researcher and keeps him on track. I have two objectives

regarding my research project. These are shown below:-

1. Primary objective

2. Secondary objective

1. Primary objective:-

1) To analyse the financial statement i.e P & L account and Balance sheet of ICICI BANK.

2) To analyses the financial statements of the corporation to assess its true financial position by the

use of ratios.

3) To evaluate the financial soundness, stability and liquidity of ICICI BANK.

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.

3)To study the software used in ICICI Bank.


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RESEARCH

METHODOLOGY


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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.

The Research Methodology here includes:-

Objective of study

Meaning of Research.

Research Problem.

Research Design.

Data Collection method.

Analysis and interpretation of Data


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Meaning of Research:

Research is defined as a scientific and systematic search for pertinent information on a specific

topic. Research is an art of scientific investigation. Research is a systematized effort to gain now

knowledge. It is a careful investigation or inquiry especially through search for new facts in any

branch of knowledge. Research is an academic activity and this term should be used in a technical

sense. Research comprises defining and redefining problems, formulating hypothesis or suggested

solutions. Making deductions and reaching conclusions to determine whether they if the formulating

hypothesis. Research is thus, an original contribution to the existing stock of knowledge making for

its advancement. The search for knowledge through objective and systematic method of finding

solutions to a problem is research.

Research Problem

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:-

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