HENRY MANIKAM 1022027 SWATI SHETTY 1022043 NEHA PRABHU 1022035

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SUPRIYA MAHAGAVKAR : 1022026 SHRUTI DALVI 1022007 :

INTRODUCTION OF ICICI BANK

ICICI Bank (formerly Industrial Credit and Investment Corporation of India) is a major banking and financial services organization in India. It is the 2nd largest bank in India and the largest private sector bank in India by market capitalization. The bank also has a network of 2,016 branches (as on 31 March 2010) and about 5,219 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 specialization 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's shares are listed on the stock exchanges at Kolkata and Vadodara, Mumbai and the National Stock Exchange of India Limited; its ADRs trade 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 wholly-owned subsidiaries, branches and representatives offices in 19 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 1.15% rise in net profit to Rs. 1,014.21 crore on a 1.29% increase in total income to Rs. 9,712.31 crore in Q2 September 2008 over Q2 September 2007. The bank's CASA ratio increased to 30% in 2008 from 25% in 2007. ICICI Bank is one of the Big Four Banks of India, along with State Bank of India, Axis Bank and HDFC Bank its main competitors.

HISTORY OF ICICI BANK

In 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. In 1994, ICICI established Banking Corporation as a banking subsidiary. Formerly known as Industrial Credit and Investment Corporation of India, ICICI Banking Corporation was later 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. In 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 2002, The Boards of Directors of ICICI and ICICI Bank approved the reverse merger of ICICI, ICICI Personal Financial Services Limited and ICICI Capital Services Limited, into ICICI Bank. After receiving all necessary regulatory approvals, ICICI integrated the group's financing and banking operations, both wholesale and retail, into 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 Bankhad inherited when it acquired Grindlays Bank. In 2003, ICICI opened subsidiaries in Canada and the United Kingdom (UK), and 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. In 2004, ICICI opened a representative office in Bangladesh to tap the extensive trade between that country, India and South Africa. In 2005, 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. In 2006, ICICI Bank UK opened a branch in Antwerp, in Belgium. ICICI opened representative offices in Bangkok, Jakarta, and

Kuala Lumpur. In 2007, 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. In 2008, The US Federal Reserve permitted ICICI to convert its representative office in New York into a branch. ICICI also established a branch in Frankfurt. In 2009, ICICI made huge changes in its organisation like elimination of loss making department and restreching outsourced staff or renegotiate their charges in consequent to the recession. In addition to this, ICICI adopted a massive approach aims for cost control and cost cutting. In consequent of it, compesation to staff was not increased and no bonus declared for 2008-09. On 23 May ICICI Bank announced merger with Bank of Rajasthan with it through share-swap in a non-cash deal that values the Bank of Rajasthan at about Rs 3,000 crore. Each 118 shares of Bank of Rajasthan will be converted into 25 shares of ICICI. It is said that this merger will also expand ICICI Bank's branch network by 25%.

TURNOVER OF ICICI BANK

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ICICI Bank raises $ 500 mn via bonds issue

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Pay on time, pay less

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Business Briefs
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One for the investors

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ICICI to raise up to $700 mn in international market

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Can SBI stay no. 1?

12 months to September 30, ICICI Banks low-cost deposits rose 40 per cent as against the State Bank...
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ICICI Bank fixes base rate at 7.5 per cent

Country's largest private sector lender ICICI Bank on Wednesday pegged its minimum lending rate at 7.5...
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ICICI Bank CEO sees 20 pct credit growth in FY11

Second- largest lender, expects 20 percent credit growth in this fiscal year to March 2011, its chief...
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Rajasthan HC notice to govt, RBI, Sebi etc on BoR merger

Rajasthan High Court today issued notices to the Reserve Bank, Bank of Rajasthan, ICICI Bank and others...
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SERVICES PROVIDED BY ICICI BANK

Accounts & Deposits | Loans | Cards | Investments | Insurance | Wealth Management | Mobile Banking | Internet Banking

Money transfer | bank account | investment | home loans | loans again fd

Global market | commercial banking | investment banking | FI, capital market & custodian services | structural finance | international banking

Transaction banking and CMS | business loan | trade services | advisory services

Agri-corporates | agri traders and processor | micro banking

ICICI bank account:

 Savings account ATM cum debit card, mobile, internet banking, facility, nomination for the user, cash deposits and withdrawal from home. Senior citizens account Special care taken of those above 60 years, availability of loan against deposit, usage of outstation cheques, nomination facility available, money multiplier facility, special debit card and many more. Kids account For age group 1-18 years, initial deposit required Rs 2,500, fund transfer facility, withdrawal up to Rs 2,500 per day, debit card on request. Fixed deposit account Wide tenure ranges, partial withdrawn of money allowed, nomination facility, loan available, auto renewal possible. Recurring deposit account Minimum deposit of Rs, 500 per month, tenure period 6 months maximum and recurring deposit 3 months after, etc. Easy receive account Usable for domestic banking needs, additional benefits for remittances which comes at the account.

NOTICE
For opening an ICICI bank account the customer will have to: Fill an application form. Submit his/her personal details like photocopies of passport or pan card or voter ID card. Submit his/her residence proof like telephone bill, or any of the above mentioned documents. Choose the type of account he/she wants. Deposit the initial amount, collect the ATM cards, cheque book and pass book. Details of existing bank account if any.

DIFFERENT BRANCHES IN INDIA

ICICI ICICI ICICI ICICI ICICI ICICI ICICI ICICI ICICI ICICI ICICI ICICI ICICI ICICI ICICI ICICI ICICI ICICI ICICI ICICI ICICI ICICI ICICI ICICI ICICI ICICI

Bank Bank Bank Bank Bank Bank Bank Bank Bank Bank Bank Bank Bank Bank Bank Bank Bank Bank Bank Bank Bank Bank Bank Bank Bank Bank

Branches Branches Branches Branches Branches Branches Branches Branches Branches Branches Branches Branches Branches Branches Branches Branches Branches Branches Branches Branches Branches Branches Branches Branches Branches Branches

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Assam Andhra Pradesh Bihar Chandigarh Chhattisgarh Delhi Goa Gujarat Haryana Himachal Pradesh Jammu Kashmir Jharkhand Karnataka Kerala Madhya Pradesh Maharashtra Manipur Meghalaya Orissa Pondicherry Punjab Rajasthan Tamilnadu Uttar Pradesh Uttaranchal West Bengal

INVESTMENT MADE BY ICICI BANK

Some of the most popular investment plans in India are listed below: 1. Reliance Cash Flow Plan:
This investment plan provides double advantage of simple liquidity through down payment of cash besides life assurance. The basic benefit of this policy is the cash flow that it provides during the tenure of the policy. Other details of the policy are mentioned as under: o Minimum and maximum tenure of the policy is 7 years and 34 years exclusively. o Minimum sum assured - Rs 25,000 o Premium Payment mode: yearly, half yearly, monthly, quarterly o Tax Benefit: Maturity and death benefits are not valid under IT sec 10(10D) and tax deduction on premium income of upto Rs 1,00,000 o An advantage to include two Riders namely: Total and Permanent Disablement Rider and Critical Illness Rider & Accidental Death Benefit.

2. HDFC Children's Gift Fund Investment Plan

The investment plan produces long term savings expansion through endowments chiefly done in equity and equity linked tools. Other details of the policy are mentioned as under: o Face Value: Rs. 10 Rs/Unit o Minimum Investment: Rs. 5000 (for new investors) and Rs. 1000 for (current investors) o Units valid under lock in period: 3% of exit load if the Units are transferred between 1st and 2nd year, 1% of exit load if units are o transferred between 2nd and 3rd year and no exit loads if units are transferred after 3rd year.

3. ICICI Bank Fixed Deposit scheme This investment plans come with an extensive
range of term periods, provision of partial extraction and an assortment of fixed deposit investment plans. Other details of the policy are mentioned as under: o Maximum and Minimum Investment limit: NIL o Fixed loans through Fixed Rate Deposit accounts o E-banking for Fixed Deposits accounts o Fixed term deposits offer tax haven and protect investor from features influencing fixed deposits for a longer tenure of calculated tenure.

4. ICICI Prudential Gilt Fund

The excellent performance of the fund makes, ICICI Prudential Gilt Fund the most sought after investment plan by individuals in greater tax brackets. The fund is a tax proficient way to accrue debt returns. Other details of the policy are mentioned as under:

o Greater yields compared to pure fixed deposits. o Exit load of 1% on the endowments if the amount less than rs 1 crore is transferred with 1 year of the date of commencement of the plan

5. Mirae Asset GILT Fund

A Gilt scheme, Mirae Asset Gilt Fund is chiefly invests in public owned securities with flexible maturity dates that are subjected by national and state level administration. It provides highest liquidity exposure to administrative securities which are protected and present greater liquidity. Other details of the policy are mentioned as under: o Capital Market Instruments: 0 - 35% o Existing Expense Ratio: 2.25% o Regular Plan Investment: Rs. 5000/o Institutional Plan Investment: Rs. 10,00,000/o Provident Fund Investment: Rs. 10,000/o Exit Load on Regular Plan is 0.15% if transferred within 15 days, 0.15% on Institutional Plan if transferred within 15 days, 0.15% on Bonus if transferred within15 days and 0.15% on PF if transferred within 15 days.

6. HSBC-Link India Equity Fund

The investment fund yields long term market growth through a varied range of equity investments of firms listed under stock exchange of India. Other details of the policy are mentioned as under: o o o o o The invested amount is not fixed under any tenure Investment will be done through bank's investment-linked scheme. Provision of withdrawing investment at any time Tax free returns Unrestricted transfers between funds

7. HDFC Savings Assurance Plan

A "with income" investment plan, HDFC Savings Assurance Plan helps the investor to expediently strengthen his long term endowments and guarantee that his family is secured even after his demise. Other details of the policy are mentioned as under: o The selected insurance amount will be invested straight into the plan from the investor's bank account o Bonus added into the investment every year o On the date of maturity the policy forfeits the principal amount insured including the Reversionary Bonuses allocated to the investor. o Tax benefit under IT Act Section 80C and 10(10D) o An amount equivalent to 80% of the premium income obtained is forfeited

8. SBI Magnum Income plus Fund Investment Plan

The investment plan offers impressive returns through intermittent dividends or through fund growth by administering the debt, equity and capital market portfolio. Other details of the policy are mentioned as under: o Minimum Investment: Rs.25000 o Exit Load of 1% if the amount is redeemed within 6 months and 0.5% of exit load if the amount is redeemed within 1 year. o Face Value: Rs. 10 Rs/Unit o Earnings are generated via voucher imbursements, paying back of the concession on the debt tools, receipt of surplus amount or trading of securities

9. Birla Floating Rate Fund

The investment plan is beneficial in generating uninterrupted income via endowments in portfolio entailing significantly of floating rate debt/capital market plans. Other details of the policy are mentioned as under: o o o Face Value: Rs. 10 Rs/Unit Minimum Investment: Rs. 10, 000 Entry Load: 2.25% for amount < 5 crores. Nil, for amount > 5 crore.

10. Sundaram BNP Paribas Floating Rate Fund

The investment plan yields reasonable income by designing a portfolio entailing floating rate debt and fixed rate plans, interim bonds and capital market plans. o Face Value: Rs. 10 Rs/Unit o Minimum Investment: Rs. 500 o No exit load on Regular Plans, 0.50% exit load on Long Term Regular Plans if the amount less than Rs 10 lakhs is redeemed within 180 days of the commencement of the plan.

Contacts of people working in icici bank 1. SHRIKANT PRABHU

9869342759 I am working as a computer operater in icici bank. I deals with the cheaque of inward and outward posting in computer. My department is attach to service branch i.e. clearing zone. 2. SHRUTI PRABHU 9967913446 I am working as a special assistant in icici bank. I attend the customer at counter. I scrutiny and verify the cheques for the payment of the customer. I attend all other rutine duty of the branch. 3. RAJASHREE PAI 9594222987 I am working in inward returns department in icici bank. I deals with the cheaque of inward and outword posting in computer. My department is attach to service branch i.e. clearing zone.