PROJECT REPORT ON FINANCIAL ANALYSIS OF

ICICI Bank
Submitted to H.P uni e!"it#$ S%im&a In t%e 'a!tia& (u&(i&&ment o( A)a!d o( t%e de*!ee o( Ba+%e&o! o( bu"ine"" admini"t!ation

Submitted b#, .uidan+e o(,

-nde! t%e

GAURAV NARANG University Roll no. 4329

MR. ANKUR MAHAJAN Lecturer, B.B.A, Govt. colle e, !"#r$s"#l#.

/e't. o( bu"ine"" admini"t!ation .o t. 'o"t *!aduate +o&&e*e$ /%a!m"%a&a0H.P1 2334563

CERTIFICATION LETTER Govt. College,Dharmshala

TO 7HO8 IT 8AY CONCERN

This is to certify that the Project Report entitled FINANCIAL ANALYSIS OF ICICI Ban ! has "een co#pleted "y$ %A&RA' NARAN%! (nder #y s(per)ision* To the "est of #y no+led,e- this is his o+n +or and he has not s("#itted the sa#e else+here for the a+ard of any other de,ree or diplo#a* I appro)e it for s("#ission in the partial f(lfill#ent of the re.(ire#ent for the de,ree of Bachelor of B(siness Ad#inistration* /ate Place 0r*An (r 0ahajan 1Project %(ide2 Lect(rer B*B*AGovt.%olle e,!"#r$s"#l#

AC9NO7LE/.E8ENT
No tas is sin,le #an3s effort *Any jo" in this +orld ho+e)er tri)ial or to(,h cannot "e acco#plished +itho(t the assistance of others* An assi,n#ent p(ts the no+led,e and %a(ra) Naran, B*B*A 4

e5perience of an indi)id(al to lit#(s test* There is al+ays a sense of ,ratit(de that one li es to e5press to+ards the persons +ho helped to chan,e an effort in a s(ccess* The opport(nity to e5press #y inde"tness to people +ho ha)e helped #e to acco#plish this tas * I dee# it a pro(d pri)ile,e to e5tend #y ,reatest sense of ,ratit(de to #y Project %(ide MR. ANKUR MAHAJAN &lecturer B.B.A' for the een interest- inspirin, ,(idancecontin(o(s enco(ra,e#ent- )al(a"le s(,,estions and constr(cti)e criticis# thro(,ho(t the p(rs(ance of this report* I a# than f(l to Coordinator sir !R. U((AM %HAN! for ,i)in, #e the opport(nity to (nderta e the st(dy* I a# hi,hly inde"ted to MR. !)N*+H JAM,AL &-R./. R*G).NAL %*N(R*,H.-.U,+H)MLA' for sparin, ti#e fro# their "(sy sched(le for pro)idin, #e +ith their a"le ,(idance at the ti#e of need and helpin, #e to achie)e the (lti#ate ,oal of the st(dy* I +o(ld also li e to than MR. RAJ &Br#nc" M#n# er, )%)%) B#n0, !"#r$s"#l#' for their )al(a"le s(pport in helpin, #e to ,ain this opport(nity of "ein, associated +ith an or,ani6ation of s(ch estee#* Last "(t not the least- it +o(ld "e (nfair if I don3t e5press #y inde"tness to #y parents and all #y friends for their acti)e cooperation +hich +as of ,reat help d(rin, the co(rse of #y trainin, project*

PREFACE

%a(ra) Naran, B*B*A

In any or,ani6ation- the t+o i#portant financial state#ents are the Balance Sheet and Profit 8 Loss Acco(nt of the "(siness* Balance Sheet is a state#ent of financial position of an enterprise at a partic(lar point of ti#e* Profit 8 Loss acco(nt sho+s the net profit or net loss of a co#pany for a specified period of ti#e* 9hen these state#ents of the last fe+ year of any or,ani6ation are st(died and analy6ed- si,nificant concl(sions #ay "e arri)ed re,ardin, the chan,es in the financial position- the i#portant policies follo+ed and trends in profit and loss etc* Analysis and interpretation of financial state#ent has no+ "eco#e an i#portant techni.(e of credit appraisal* The in)estors- financial e5perts#ana,e#ent e5ec(ti)es and the "an ers all analy6e these state#ents* Tho(,h the "asic techni.(e of appraisal re#ains the sa#e in all the cases "(t the approach and the e#phasis in the analysis )ary* A "an er interprets the financial state#ent so as to e)al(ate the financial so(ndness and sta"ility- the li.(idity position and the profita"ility or the earnin, capacity of "orro+in, concern* Analysis of financial state#ents is necessary "eca(se it helps in depictin, the financial position on the "asis of past and c(rrent records* Analysis of financial state#ents helps in #a in, the f(t(re decisions and strate,ies* Therefore it is )ery necessary for e)ery or,ani6ation +hether it is a financial or #an(fact(rin,- to #a e financial state#ent and to analy6e it*

Tab&e o( +ontent
C%a'te! no.
4.

PARTIC-LARS
Ac0no1le2 e$ent -re3#ce )ntro2uction .3 B#n0in
a* Introd(ction of "an in,:::::::*

Pa*e no.
3 4 5647
;

%a(ra) Naran, B*B*A

<

"* c* d* e* 2.

=istory of "an in, in India:::::: Ban s in India::::::::::: Fact files of "an s in India:::::: Indian "an in, ind(stry:::::::* a* "* c* d* e* f* ,* h* i* Introd(ction to ICICI Ban :::: ICICI Ban today:::::::: B(siness profile::::::::*** Board of directors:::::::: Board co##ittee::::::::* B(siness o"jecti)e:::::::: Technolo,y (sed in ICICI Ban ::** Prod(cts and ser)ices::::::*** A+ards and reco,nition:::::: O"jecti)e of st(dy:::::::: I#portance of st(dy:::::::* 0eanin, of research::::::: Research pro"le#:::::::: Research desi,n::::::::*** /ata collection #ethod:::::: Analysis and interpretation of data:** Li#itation of st(dy:::::::**

> ?? ?; ?>

%o$8#ny9s -ro3ile

496::
4? 4; 4> 4@ 7A 7? 74 7< B<

3.

Rese#rc" Met"o2olo y
a* "* c* d* e* f* ,* h*

:5652
B> B> B@ B@ CA C? C4 C4

4.

/in#nci#l An#lysis
a* "* c* d* Introd(ction of the topic::::::* 0ethodDTools of financial analysis::* Balance sheet of ICICI Ban :** Profit and Loss Acco(nt of ICICI Ban :::::::::::** e* Financial state#ent analysis::::: ?2 Co#parati)e financial state#ent:::::::::* 42 Trend analysis::::::::* 72 Ratio analysis::::::::**

53692
C< C; ;7 ;B ;5 ;C ;@ >A 93697

:.

/in2in s ,+u estions An2 %onclusion:::::::::* Bi<lio r#8"y::::::::::::::::

5.

9964==

%a(ra) Naran, B*B*A

Chapter 1

INTRO/-CTION OF BAN9IN.

INTRO/-CTION OF BAN9IN.
/e(inition O( Bank,

%a(ra) Naran, B*B*A

Ban in, 0eans EAcceptin, /eposits for the p(rpose of lendin, or In)est#ent of deposits of #oney fro# the p("lic- repaya"le on de#and or other+ise and +ithdra+ "y che.(e- draft or other+ise*E

6B#n0in %o$8#nies &Re ul#tion' Act,4949

ORI.IN OF THE 7OR/ BANK,5 The ori,in of the +ord "an is shro(ded in #ystery* Accordin, to one )ie+ point the Italian "(siness ho(se carryin, on cr(de fro# of "an in, +ere called "anchi "ancheriE Accordin, to another )ie+point "an in, is deri)ed fro# %er#an +ord EBranc E +hich #ean heap or #o(nd* In Fn,land- the iss(e of paper #oney "y the ,o)ern#ent +as referred to as a raisin, a "an *

ORI.IN OF BAN9IN. ,
Its ori,in in the si#plest for# can "e traced to the ori,in of a(thentic history* After reco,ni6in, the "enefit of #oney as a #edi(# of e5chan,e- the i#portance of "an in, +as de)eloped as it pro)ides the safer place to store the #oney* This safe place (lti#ately e)ol)ed in to financial instit(tions that accepts deposits and #a e loans i*e*#odern co##ercial "an s*

Bankin* "#"tem in India

9itho(t a so(nd and effecti)e "an in, syste# in India it cannot ha)e a healthy econo#y*The "an in, syste# of India sho(ld not only "e hassle free "(t it sho(ld "e a"le to #eet ne+ challen,es posed "y the technolo,y and any other e5ternal and internal factors* For the past three decades IndiaGs "an in, syste# has se)eral o(tstandin, achie)e#ents to its credit* The #ost stri in, is its e5tensi)e reach* It is no lon,er confined to only #etropolitans or cos#opolitans in India* In fact- Indian "an in, syste# has reached e)en to the re#ote corners of the co(ntry* This is one of the #ain reasons of IndiaGs ,ro+th process*

H)+(.R> ./ BANK)NG )N )N!)A

Ban in, in India has its ori,in as early or 'edic period* It is "elie)ed that the transitions fro# #any lendin, to "an in, #(st ha)e occ(rred e)en "efore 0an(- the ,reat =ind( %a(ra) Naran, B*B*A ;

f(rriest- +ho has de)oted a section of his +or to deposit and ad)ances and laid do+n r(les relatin, to the rate of interest* /(rin, the #o,(l period- the indi,eno(s "an er played a )ery i#portant role in lendin, #oney and financin, forei,n trade and co##erce* /(rin, the days of the Fast India Co#pany it +as the t(rn of a,ency ho(se to carry on the "an in, "(siness* The %eneral Ban of India +as the first joint stoc "an to "e esta"lished in the year ?;>C* The other +hich follo+ed +as the Ban of =ind(stan and Ben,al Ban * The Ban of =ind(stan is reported to ha)e contin(ed till ?@AC* 9hile other t+o failed in the #eanti#e* In the first half of the ?@th cent(ry the Fast India Co#pany esta"lished there "an s- The "an of Ben,al in ?>A@- the Ban of Bo#"ay in ?><A and the Ban of Bo#"ay in?><7* These three "an s also no+n as the Presidency "an s +ere the independent (nits and f(nctioned +ell* These three "an s +ere a#al,a#ated in ?@4A and ne+ "an - the I#perial Ban of India +as esta"lished on 4;th Han(ary- ?@4?* 9ith the passin, of the State Ban of India Act in ?@BB the (nderta in, of the I#perial Ban of India +as ta en o)er "y the ne+ly constit(ted SBI* The Reser)e Ban of India 1RBI2 +hich is the Central "an +as esta"lished in April- ?@7B "y passin, Reser)e "an of India act ?@7B* The Central office of RBI is in 0(#"ai and it controls all the other "an s in the co(ntry* In the +a e of S+adeshi 0o)e#ent- n(#"er of "an s +ith the Indian #ana,e#ent +ere esta"lished in the co(ntry na#ely- P(nja" National Ban Ltd*- Ban of India Ltd*- Ban of Baroda Ltd*- Canara Ban * Ltd* on ?@th H(ly ?@C@- ?< #ajor "an s of the co(ntry +ere nationali6ed and on ?Bth April ?@>A- C #ore co##ercial pri)ate sector "an s +ere ta en o)er "y the ,o)ern#ent* The first "an in India- tho(,h conser)ati)e- +as esta"lished in ?;>C* Fro# ?;>C till today-the jo(rney of Indian Ban in, Syste# can "e se,re,ated into three distinct phases* They areas #entioned "elo+$ Farly phase fro# ?;>C to ?@C@ of Indian Ban s Nationali6ation of Indian Ban s and (p to ?@@? prior to Indian "an in, sector Refor#s* Ne+ phase of Indian Ban in, Syste# +ith the ad)ent of Indian Financial 8 Ban in, Sector Refor#s after ?@@?*

To #a e this +riteI(p #ore e5planatory- I prefi5 the scenario as Phase I- Phase II and Phase III* %a(ra) Naran, B*B*A >

-"#se )
The %eneral Ban of India +as set (p in the year ?;>C* Ne5t ca#e Ban of =ind(stan and Ben,al Ban * The Fast India Co#pany esta"lished Ban of Ben,al 1?>A@2- Ban of Bo#"ay 1?><A2 and Ban of 0adras 1?><72 as independent (nits and called it Presidency Ban s* These three "an s +ere a#al,a#ated in ?@4A and I#perial Ban of India +as esta"lished +hich started as pri)ate shareholders "an s- #ostly F(ropeans shareholders* In ?>CB Allaha"ad Ban +as esta"lished and first ti#e e5cl(si)ely "y Indians- P(nja" National Ban Ltd* +as set (p in ?>@< +ith head.(arters at Lahore* Bet+een ?@AC and ?@?7- Ban of India- Central Ban of India- Ban of Baroda- Canara Ban - Indian Ban and Ban of 0ysore +ere set (p* Reser)e Ban of India ca#e in ?@7B* /(rin, the first phase the ,ro+th +as )ery slo+ and "an s also e5perienced periodic fail(res "et+een ?@?7 and ?@<>* There +ere appro5i#ately ??AA "an s- #ostly s#all* To strea#line the f(nctionin, and acti)ities of co##ercial "an s- the %o)ern#ent of India ca#e (p +ith The Ban in, Co#panies Act- ?@<@ +hich +as later chan,ed to Ban in, Re,(lation Act ?@<@ as per a#endin, Act of ?@CB 1Act No* 47 of ?@CB2* Reser)e Ban of India +as )ested +ith e5tensi)e po+ers for the s(per)ision of "an in, in India as the Central Ban in, A(thority* /(rin, those day3s p("lic has lesser confidence in the "an s* As an after#ath deposit #o"ili6ation +as slo+* A"reast of it the sa)in,s "an facility pro)ided "y the Postal depart#ent +as co#parati)ely safer* 0oreo)er- f(nds +ere lar,ely ,i)en to traders*

-"#se ))
%o)ern#ent too #ajor steps in this Indian Ban in, Sector Refor# after independence* In?@BB- it nationali6ed I#perial Ban of India +ith e5tensi)e "an in, facilities on a lar,e scale especially in r(ral and se#iI(r"an areas* It for#ed State Ban of India to act as the principal a,ent of RBI and to handle "an in, transactions of the &nion and State %o)ern#ents all o)er the co(ntry* Se)en "an s for#in, s("sidiary of State Ban of India +as nationali6ed in ?@CA on ?@th H(ly-?@C@- #ajor process of nationali6ation +as carried o(t* It +as the effort of the then Pri#e 0inister of India- 0rs* Indira %andhi* ?< #ajor co##ercial "an s in the co(ntry +as nationali6ed* Second phase of nationali6ation Indian Ban in, Sector Refor# +as carried o(t in ?@>A +ith se)en #ore "an s* This step "ro(,ht >AJ of the "an in, se,#ent in India (nder %o)ern#ent o+nership*

%a(ra) Naran, B*B*A

The follo+in, are the steps ta en "y the %o)ern#ent of India to Re,(late Ban in,Instit(tions in the Co(ntry$ ?@<@$ Fnact#ent of Ban in, Re,(lation Act* ?@BB$ Nationali6ation of State Ban of India* ?@B@$ Nationali6ation of SBI s("sidiaries* ?@C?$ Ins(rance co)er e5tended to deposits* ?@C@$ Nationali6ation of ?< #ajor "an s* ?@;?$ Creation of credit ,(arantee corporation* ?@;B$ Creation of re,ional r(ral "an s* ?@>A$ Nationali6ation of se)en "an s +ith deposits o)er 4AA crore*

After the nationali6ation of "an s- the "ranches of the p("lic sector "an India rose to appro5i#ately >AAJ in deposits and ad)ances too a h(,e j(#p "y ??-AAAJ* Ban in, in the s(nshine of %o)ern#ent o+nership ,a)e the p("lic i#plicit faith and i##ense confidence a"o(t the s(staina"ility of these instit(tions* P%a"e III This phase has introd(ced #any #ore prod(cts and facilities in the "an in, sector in its refor#s #eas(re* In ?@@?- (nder the chair#anship of 0 Narasi#ha#- a co##ittee +as set (p "y his na#e +hich +or ed for the li"erali6ation of "an in, practices* The co(ntry is flooded +ith forei,n "an s and their AT0 stations* Ffforts are "ein, p(t to ,i)e a satisfactory ser)ice to c(sto#ers* Phone "an in, and net "an in, is introd(ced* The entire syste# "eca#e #ore con)enient and s+ift* Ti#e is ,i)en #ore i#portance than #oney* The financial syste# of India has sho+n a ,reat deal of resilience* It is sheltered fro# any crisis tri,,ered "y any e5ternal #acroecono#ics shoc as other Fast Asian Co(ntries s(ffered* This is all d(e to a fle5i"le e5chan,e rate re,i#e- the forei,n reser)es are hi,h- the capital acco(nt is not yet f(lly con)erti"le- and "an s and their c(sto#ers ha)e li#ited forei,n e5chan,e e5pos(re*

BAN9S IN IN/IA

%a(ra) Naran, B*B*A

?A

In India the "an s are "ein, se,re,ated in different ,ro(ps* Fach ,ro(p has their o+n "enefits and li#itations in operatin, in India* Fach has their o+n dedicated tar,et #ar et* Fe+ of the# only +or in r(ral sector +hile others in "oth r(ral as +ell as (r"an* 0any e)en are only caterin, in cities* So#e are of Indian ori,in and so#e are forei,n players* All these details and #any #ore is disc(ssed o)er here* The "an s and its relation +ith the c(sto#ers- their #ode of operation- the na#es of "an s (nder different ,ro(ps and other s(ch (sef(l infor#ation3s are tal ed a"o(t* One #ore section has "een ta en note of is the (pco#in, forei,n "an s in India* The RBI has sho+n certain interest to in)ol)e #ore of forei,n "an s than the e5istin, one recently* This step has pa)ed a +ay for fe+ #ore forei,n "an s to start "(siness in India*

BANKING STRUCTURE IN INDIA

+%H*!UL*! BANK+ )N )N!)A
061S+%edu&ed Comme!+ia& Bank"

-u<lic +ector B#n0s

02:1

-riv#te +ector B#n0s

02;1

/orei n B#n0s )n )n2i#

02<1

Re ion#l Rur#l B#n0s

0<;1

Nationali6ed Ban Other P("lic Sector Ban s 1I/BI2 SBI And Its Associates

Old Ban s Ne+ Ban s

Pri)ate Pri)ate

021 S+%edu&ed Coo'e!ati e Bank"

+c"e2ule2 Ur<#n %oo8er#tive B#n0s

+c"e2ule2 +t#te %oo8er#tive B#n0s

%a(ra) Naran, B*B*A

??

Pub&i+ Se+to! Bank"

P("lic sector "an s are those "an s +hich are o+ned "y the %o)ern#ent* The %o)t* r(ns these Ban s* In India ?< "an s +ere nationali6ed in ?@C@ 8 in ?@>A another C "an s +ere also nationali6ed* Therefore in ?@>A the n(#"er of nationali6ed "an 4A* At present there are total 4C P("lic Sector Ban s in India 1As on 4CIA@I4AA@2* Of these ?@ are nationalised "an s- C1STATF BANK OF IN/ORF ALSO 0FR%F/ RFCFNTLY2 "elon, to SBI 8 associates ,ro(p and ? "an 1I/BI Ban 2 is classified as other p("lic sector "an * 9elfare is their pri#ary o"jecti)e*

Nationalised banks
Allaha"ad Ban Andhra Ban Ban Of Baroda Ban Of India Ban Of 0aharastra Canara Ban Central Ban Of India Corporation Ban /ena Ban Indian Ban Indian O)erseas Ban Oriental Ban Of Co##erce P(nja" 8 Sind Ban P(nja" National Ban Syndicate Ban &CO Ban &nion Ban Of India &nited Ban Of India 'ijaya Ban

Other Publi !e tor Banks

)!B) 1Ind(strial /e)elop#ent Ban Of India2Ltd*

!BI " its Asso iates

State Ban of India State Ban of =ydera"ad State Ban of 0ysore State Ban of Patiala State Ban of Tra)ancore State Ban of Bi aner And Haip(r

1State Ban of Sa(rastra #er,ed +ith SBI in the year 4AA> and State Ban of Indore In 4A?A2

%a(ra) Naran, B*B*A

?4

P!i ate Se+to! Bank"

These "an s are o+ned and r(n "y the pri)ate sector* 'ario(s "an s in the co(ntry s(ch as ICICI Ban - =/FC Ban etc* An indi)id(al has control o)er there "an s in preparation to the share of the "an s held "y hi#* Pri)ate "an in, in India +as practiced since the "e,innin, of "an in, syste# in India* The first pri)ate "an in India to "e set (p in Pri)ate Sector Ban s in India +as Ind(sInd Ban * It is one of the fastest ,ro+in, Ban Pri)ate Sector Ban s in India* I/BI ran s the tenth lar,est de)elop#ent "an in the +orld as Pri)ate Ban s in India and has pro#oted +orld class instit(tions in India* The first Pri)ate Ban in India to recei)e an in principle appro)al fro# the Reser)e Ban of India +as =o(sin, /e)elop#ent Finance Corporation Li#ited- to set (p a "an in the pri)ate sector "an s in India as part of the RBIGs li"erali6ation of the Indian Ban in, Ind(stry* It +as incorporated in A(,(st ?@@< as =/FC Ban Li#ited +ith re,istered office in 0(#"ai and co##enced operations as Sched(led Co##ercial Ban in Han(ary ?@@B* IN% 'ysya- yet another Pri)ate Ban of India +as incorporated in the year ?@7A Pri)ate sector "an s ha)e "een s("di)ided into follo+in, 4 cate,ories$I

Old Private !e tor Banks

Ban of Rajasthan Ltd* Catholic Syrian Ban Ltd* City &nion Ban Ltd* /hanala sh#i Ban Ltd* Federal Ban Ltd* IN% 'ysya Ban Ltd* Ha##( and Kash#ir Ban Ltd* Karnata a Ban Ltd* Kar(r 'ysya Ban Ltd* La sh#i 'ilas Ban Ltd*

Ne# Private !e tor Banks

Ban of P(nja" Ltd* 1since #er,ed +ith Cent(rian Ban 2 Cent(rian Ban of P(nja" 1since #er,ed +ith =/FC Ban 2 /e)elop#ent Credit Ban Ltd* =/FC Ban Ltd* ICICI Ban Ltd* Ind(sInd Ban Ltd* Kota 0ahindra Ban Ltd* A5is Ban 1earlier &TI Ban 2 Yes Ban Ltd*

%a(ra) Naran, B*B*A

?7

Nainital Ban Ltd* Ratna ar Ban Ltd* SBI Co##ercial and International Ban Ltd* So(th Indian Ban Ltd* Ta#ilnad 0ercantile Ban Ltd* &nited 9estern Ban Ltd*

$oreign Banks In India

%a(ra) Naran, B*B*A

?<

 ABN A0RO Ban N*'* A"( /ha"i Co##ercial Ban Ltd A#erican F5press Ban Ant+erp /ia#ond Ban Ara" Ban,ladesh Ban Ban International Indonesia Ban of A#erica Ban of Bahrain 8 K(+ait Ban of Ceylon Ban of No)a Scotia Ban of To yo 0its("ishi &FH Barclays Ban BNP Pari"as Calyon Ban ChinaTr(st Co##ercial Ban Citi"an /BS Ban /e(tsche Ban

=SBC 1=on, on, 8 Shan,hai Ban in, Corporation2 HP0or,an Chase Ban Kr(n, Thai Ban 0ashre. Ban 0i6(ho Corporate Ban O#an International Ban Shinhan Ban SociLtL %LnLrale Sonali Ban Standard Chartered Ban State Ban of 0a(riti(s

Coo'e!ati e bank" in India

%a(ra) Naran, B*B*A

?B

The Cooperati)e "an is an i#portant constit(ent of the Indian Financial Syste#j(d,in, "y the role assi,ned to co operati)e- the e5pectations the co operati)e is s(pposed to f(lfil- their n(#"er- and the n(#"er of offices the cooperati)e "an operate* Tho(,h the co operati)e #o)e#ent ori,inated in the 9est- "(t the i#portance of s(ch "an s ha)e ass(#ed in India is rarely paralleled any+here else in the +orld* The cooperati)e "an s in India plays an i#portant role e)en today in r(ral financin,* The "(sinessess of cooperati)e "an in the (r"an areas also has increased pheno#enally in recent years d(e to the sharp increase in the n(#"er of pri#ary coIoperati)e "an s* Co operati)e Ban s in India are re,istered (nder the CoIoperati)e Societies Act* The cooperati)e "an is also re,(lated "y the RBI* They are ,o)erned "y the Ban in, Re,(lations Act ?@<@ and Ban in, La+s 1CoIoperati)e Societies2 Act- ?@CB*

Ru!a& bank" in India

Rural banking in India started since the esta"lish#ent of "an in, sector in India* R(ral Ban s in those days #ainly foc(ssed (pon the a,ro sector* Re,ional r(ral "an s in India penetrated e)ery corner of the co(ntry and e5tended a helpin, hand in the ,ro+th process of the co(ntry* SBI has 7A Re,ional R(ral Ban s in India no+n as RRBs* The r(ral "an s of SBI is spread in ?7 states e5tendin, fro# Kash#ir to Karnata a and =i#achal Pradesh to North Fast* The total n(#"er of SBIs Re,ional R(ral Ban s in India "ranches is 47<@ 1?CJ2* Till date in r(ral "an in, in India- there are ?<-<;B r(ral "an s in the co(ntry of +hich 4?4C 1@?J2 are located in re#ote r(ral areas* Apart fro# SBI- there are other fe+ "an s +hich f(nctions for the de)elop#ent of the r(ral areas in India* Fe+ of the# are as follo+s*

H#ry#n# +t#te %oo8er#tive A8e? B#n0 Li$ite2

The =aryana State Cooperati)e Ape5 Ban Ltd* co##only called as =ARCOBANK plays a )ital role in r(ral "an in, in the econo#y of =aryana State and has "een pro)idin, aids and financin, far#ers- r(ral artisans- a,ric(lt(ral la"o(rers- entreprene(rsetc* in the state and ,i)in, ser)ice to its depositors*

NABAR!
National Ban for A,ric(lt(re and R(ral /e)elop#ent 1NABAR/2 is a de)elop#ent "an in the sector of Re,ional R(ral Ban s in India* It pro)ides and re,(lates credit and ,i)es ser)ice for the pro#otion and de)elop#ent of r(ral sectors #ainly a,ric(lt(re%a(ra) Naran, B*B*A ?C

s#all scale ind(stries- cotta,e and )illa,e ind(stries- handicrafts* It also finance r(ral crafts and other allied r(ral econo#ic acti)ities to pro#ote inte,rated r(ral de)elop#ent* It helps in sec(rin, r(ral prosperity and its connected #atters*

+in2"#nur Ur<#n +ou"#r2# %o6o8er#tive B#n0

Sindhan(r &r"an So(harda CoIoperati)e Ban - pop(larly no+n as S&CO BANK is the first of its ind in r(ral "an s of India* The i#pressi)e story of its inception is interestin, and inspirin, for all the yo(th of this co(ntry*

Unite2 B#n0 o3 )n2i#

&nited Ban of India 1&BI2 also plays an i#portant role in re,ional r(ral "an s* It has e5panded its "ranch net+or in a "i, +ay to acti)ely participate in the de)elop#ental of the r(ral and se#iI(r"an areas in confor#ity +ith the o"jecti)es of nationalisation*

+yn2ic#te B#n0
Syndicate Ban +as fir#ly rooted in r(ral India as r(ral "an in, and ha)e a clear )ision of f(t(re India "y (nderstandin, the ,rassroot realities* Its pro,ress has "een a"reast of the phase of pro,ressi)e "an in, in India especially in r(ral "an s*

Fa+t Fi&e" o( Bank" in India

The first Ban in India to "e ,i)en an ISO certification* The first Ban in Northern India to ,et ISO @AA4 certification %a(ra) Naran, B*B*A Canara Ban P(nja" and Sind ?;

for their selected "ranches* The first Indian Ban to ha)e "een started solely +ith Indian capital*

Ban P(nja" Ban National

The first a#on, the Pri)ate Sector Ban s in Kerala to "eco#e Sched(led So(th Indian Ban Ban in ?@<C (nder the RBI act* India3s oldest-lar,est and the #ost s(ccessf(l co##ercial "an offerin, the State Ban of India +idest possi"le ran, of do#estic-international and NRI prod(cts and ser)ices-thro(,h its )ast net+or in India and o)erseas* India3s second lar,est Pri)ate Sector Ban and is no+ the lar,est sched(led The Federal Ban Li#ited co##ercial "an in India* Ban +hich started as Pri)ate Shareholders Ban s-#ostly F(ropean I#perial Ban India shareholders* of

The first Indian Ban to open a "ranch o(tside India in London in ?@<C and Ban of Indiafo(nded in ?@AC in the first to open a "ranch in continental F(rope at Paris in ?@;< 0(#"ai* The oldest P("lic Sector Ban in India ha)in, "ranches all o)er India and Allaha"ad Ban ser)in, the c(sto#ers for the last ?74 years* The first Indian Co##ercial Ban +hich +as +holly o+ned and #ana,ed "y Central India Indians* Ban of

IN/IAN BAN9IN. IN/-STRY

The Indian "an in, #ar et is ,ro+in, at an astonishin, rate- +ith Assets e5pected to reach &SM? trillion "y 4A?A* An e5pandin, econo#y- #iddleclass- and technolo,ical inno)ations are all contri"(tin, to this ,ro+th* %a(ra) Naran, B*B*A ?>

The co(ntry3s #iddle class acco(nts for o)er 74A #illion People* In correlation +ith the ,ro+th of the econo#y- risin, inco#e le)els- increased standard of li)in,- and afforda"ility of "an in, prod(cts are pro#isin, factors for contin(ed e5pansion*

The Indian "an in, Ind(stry is in the #iddle of an IT re)ol(tion- Foc(sin, on the e5pansion of retail and r(ral "an in,* Players are "eco#in, increasin,ly c(sto#er Icentric in their approach- +hich has res(lted in inno)ati)e #ethods of offerin, ne+ "an in, prod(cts and ser)ices* Ban s are no+ reali6in, the i#portance of "ein, a "i, playerand are "e,innin, to foc(s their attention on #er,ers and ac.(isitions to ta e ad)anta,e of econo#ies of scale andDor co#ply +ith Basel II re,(lation*Indian "an in, ind(stry assets are e5pected to reach &SM? trillion "y 4A?A and are poised to recei)e a ,reater inf(sion of forei,n capital-! says Prathi#a Rajan- analyst in CelentGs "an in, ,ro(p and a(thor of the report* The "an in, ind(stry sho(ld foc(s on ha)in, a s#all n(#"er of lar,e players that can co#pete ,lo"ally rather than ha)in, a lar,e n(#"er of fra,#ented players*

%a(ra) Naran, B*B*A

?@

Chapter 2

CO8PANY=S PROFILE

%a(ra) Naran, B*B*A

4A

(y8e

Pri)ate BSF 8 NSF$ICICINYSF$ IBN Ban in, Ins(rance Capital 0ar ets and allied ind(stries ?@BB (as Industrial Credit and Investment Corporation of India) ICICI Ban Ltd*ICICI Ban To+ersBandra K(rla0(#"ai- India K*'* Ka#ath-Chair#an Chanda Kochhar- 0ana,in, /irector 8 CFO Sandeep Ba hshi- /ep(ty 0ana,in, /irector N*S* Kannan- F5ec(ti)e /irector 8 CFO K* Ra# (#ar- F5ec(ti)e /irector Sonjoy Chatterjee- F5ec(ti)e /irector Loans- Credit Cards- Sa)in,sIn)est#ent )ehicles- Ins(rance etc* N &S/ ?B*AC "illion N &S/ ?4A*C? "illion 1at March 31, 2009.2 +++*icici"an *co#

)n2ustry

/oun2e2 He#2@u#rters

Key 8eo8le

-ro2ucts

Revenue (ot#l #ssets

,e<site

%a(ra) Naran, B*B*A

4?

INTRO/-CTION TO ICICI BAN9

%istor& O' ICICI
49::$ The Ind(strial Credit and In)est#ent Corporation of India Li#ited 1ICICI2 +as incorporated at the initiati)e of 9orld Ban the %o)ern#ent of India and representati)es of Indian ind(stry+ith the o"jecti)e of creatin, a de)elop#ent financial instit(tion for pro)idin, #edi(#Iter# and lon,Iter# project financin, to Indian "(sinesses* 0r*A*Ra#as+a#i 0(daliar elected as the first Chair#an of ICICI Li#ited* ICICI e#er,es as the #ajor so(rce of forei,n c(rrency loans to Indian ind(stry* Besides f(ndin, fro# the 9orld Ban and other #(ltiIlateral a,encies- ICICI +as also a#on, the first Indian co#panies to raise f(nds fro# international #ar ets* 49:5 A ICICI declared its first di)idend of 7*BJ* 49:7 A 0r*%*L*0ehta appointed the second Chair#an of ICICI Ltd* 495= A ICICI "(ildin, at ?C7- Bac "ay Recla#ation- ina(,(rated* 4954 A The first 9est %er#an loan of /0 B #illion fro# Kredianstalt o"tained* 495; A ICICI #ade its first de"ent(re iss(e for Rs*C crore- +hich +as o)ers("scri"ed* 4959 A The first t+o re,ional offices in Calc(tta and 0adras set (p* 49;2 A The second entity in India to set (p #erchant "an in, ser)ices* A 0r* =* T* Pare h appointed the third Chair#an of ICICI* %a(ra) Naran, B*B*A 44

 49;; A ICICI sponsored the for#ation of =o(sin, /e)elop#ent Finance Corporation* 0ana,ed its first e.(ity p("lic iss(e* 49;7 A 0r* Ha#es Raj appointed the fo(rth Chair#an of ICICI* 49;9 A 0r*Siddharth 0ehta appointed the fifth Chair#an of ICICI* 4972 A ?@>4 $ ICICI "eca#e the first e)er Indian "orro+er to raise F(ropean C(rrency &nits* A ICICI co##ences leasin, "(siness* 4974 A 0r* S* Nad arni appointed the si5th Chair#an of ICICI* 497: A 0r* N*'a,h(l appointed the se)enth Chair#an and 0ana,in, /irector of ICICI* 4975 A ICICI "eca#e the first Indian instit(tion to recei)e A/B Loans* A ICICI- alon, +ith &TI- set (p Credit Ratin, Infor#ation Ser)ices of India Li#ited- IndiaGs first professional credit ratin, a,ency* A ICICI pro#otes Shippin, Credit and In)est#ent Co#pany of India Li#ited* A The Corporation #ade a p("lic iss(e of S+iss Franc ;B #illion in S+it6erland- the first p("lic iss(e "y any Indian entity in the S+iss Capital 0ar et* 497; A ICICI si,ned a loan a,ree#ent for Sterlin, Po(nd ?A #illion +ith Co##on+ealth /e)elop#ent Corporation 1C/C2the first loan "y C/C for financin, projects in India* 4977 A Pro#oted T/ICI I IndiaGs first )ent(re capital co#pany*

4993 A ICICI Sec(rities and Finance Co#pany Li#ited in joint )ent(re +ith H* P* 0or,an set (p* A ICICI Asset 0ana,e#ent Co#pany set (p* 4994A ICICI esta"lished Ban in, Corporation as a "an in, s("sidiary*for#erly Ind(strial Credit and In)est#ent Corporation of India* Later- ICICI Ban in, Corporation +as rena#ed as GICICI Ban Li#itedG* ICICI fo(nded a separate le,al entity- ICICI Ban to (nderta e nor#al "an in, operations I ta in, deposits- credit cards- car loans etc* 4995 A ICICI Ltd "eca#e the first co#pany in the Indian financial sector to raise %/R* A SCICI #er,ed +ith ICICI Ltd* A 0r* K*'*Ka#ath appointed the 0ana,in, /irector and CFO of ICICI Ltd

%a(ra) Naran, B*B*A

47

 499; A ICICI Ltd +as the first inter#ediary to #o)e a+ay fro# sin,le pri#e rate to threeItier pri#e rates str(ct(re and introd(ced yieldIc(r)e "ased pricin,* A The na#e The Ind(strial Credit and In)est#ent Corporation of India Ltd chan,ed to ICICI Ltd* A ICICI Ltd anno(nced the ta eo)er of ITC Classic Finance* 4997 A Introd(ced the ne+ lo,o sy#"oli6in, a co##on corporate identity for the ICICI %ro(p* A ICICI anno(nced ta eo)er of Ana,ra# Finance* 4999 A ICICI la(nched retail finance I car loans- ho(se loans and loans for cons(#er d(ra"les* A ICICI "eco#es the first Indian Co#pany to list on the NYSF thro(,h an iss(e of A#erican /epositary Shares* 2=== A ICICI Ban "eca#e the first co##ercial "an fro# India to list its stoc on NYSF* 2==4A ICICI ac.(ired Ban of 0ad(ra 1est* ?@<72* Ban of 0ad(ra +as a Chettiar "an - and had ac.(ired Chettinad 0ercantile Ban 1est* ?@772 and Illanji Ban 1esta"lished ?@A<2 in the ?@CAs* In Octo"er 4AA?- the Boards of /irectors of ICICI and ICICI Ban appro)ed the #er,er of ICICI and t+o of its +holly o+ned retail finance s("sidiaries- ICICI Personal Financial Ser)ices Li#ited and ICICI Capital Ser)ices Li#ited- +ith ICICI Ban * 2==2 $ The #er,er +as appro)ed "y shareholders of ICICI and ICICI Ban in Han(ary 4AA4- "y the =i,h Co(rt of %(jarat at Ah#ada"ad in 0arch 4AA4- and "y the =i,h Co(rt of H(dicat(re at 0(#"ai and the Reser)e Ban of India in April 4AA4* Conse.(ent to the #er,er- the ICICI ,ro(pGs financin, and "an in, Operations- "oth +holesale and retail- ha)e "een inte,rated in a sin,le entity* At the sa#e ti#e- ICICI started its international e5pansion "y openin, representati)e offices in Ne+ Yor and London* In India- ICICI Ban "o(,ht the Shi#la and /arjeelin, "ranches that Standard Chartered Ban had inherited +hen it ac.(ired %rindlays Ban * 2==3 A The first Inte,rated C(rrency 0ana,e#ent Centre la(nched in P(ne* B ICICI Ban anno(nced the settin, (p of its first e)er offshore "ranch in Sin,apore* B The first offshore "an in, (nit 1OB&2 at Seep6 Special Fcono#ic Oone- 0(#"aila(nched* B ICICI Ban 3s representati)e office ina(,(rated in /("ai* B Representati)e office set (p in China* $ ICICI Ban 3s &K s("sidiary la(nched* B India3s first e)er E'isa 0ini Credit CardE- a <7J s#aller credit card in di#ensions la(nched* B ICICI Ban s("sidiary set (p in Canada* B Te#ase =oldin,s ac.(ired B*4J %a(ra) Naran, B*B*A 4<

sta e in ICICI Ban * B ICICI Ban "eca#e the #ar et leader in retail credit in India* In the &K it esta"lished an alliance +ith Lloyds TSB* It also opened an Offshore Ban in, &nit 1OB&2 in Sin,apore and representati)e offices in /("ai and Shan,hai*

2==4 A 0a5 0oney- a ho#e loan prod(ct that offers the d(al "enefit of hi,her eli,i"ility and afforda"ility to a c(sto#erintrod(ced* A 0o"ile "an in, ser)ice in India la(nched in association +ith Reliance Infoco##* A India3s first #(ltiI"randed credit card +ith =PCL and Airtel la(nched* A Kisan Loan Card and inno)ati)e- lo+Icost AT0s in r(ral India la(nched* A ICICI Ban and CNBC T' ?> anno(nced India3s first e)er a+ards reco,ni6in, the achie)e#ents of S0Fs- a pioneerin, initiati)e to enco(ra,e the contri"(tion of S#all and 0edi(# Fnterprises to the ,ro+th of Indian econo#y* A ICICI Ban opened its BAAth "ranch in India* A ICICI Ban introd(ced partnership #odel +herein ICICI Ban +o(ld for,e an alliance +ith e5istin, #icro finance instit(tions 10FIs2* The 0FI +o(ld (nderta e the pro#otional role of identifyin,- trainin, and pro#otin, the #icroI finance clients and ICICI Ban +o(ld finance the clients directly on the reco##endation of the 0FI* A ICICI Ban introd(ced >I> Ban in, +herein all the "ranches of the Ban +o(ld re#ain open fro# >a*#* to > p*#* fro# 0onday to Sat(rday* A ICICI Ban introd(ced the concept of floatin, rate for ho#e loans in India* At the sa#e ti#e- ICICI opened a representati)e office in Ban,ladesh to tap the e5tensi)e trade "et+een that co(ntry- India and So(th Africa*

2==: A First r(ral "ranch and AT0 la(nched in &ttar Pradesh at /elpandar+a- =ardoi* B EFree for LifeE credit cards la(nched +herein ann(al fees of all ICICI Ban Credit Cards +ere +ai)ed off* B ICICI Ban and 'isa jointly la(nched #Ch. P a re)ol(tionary credit card on the #o"ile phone* B Pri)ate Ban in, 0asters 4AAB- a nation+ide %olf to(rna#ent for hi,h net+orth clients of the pri)ate "an in, di)ision la(nched* This e)ent is the lar,est do#estic in)itation a#ate(r ,olf e)ent cond(cted in India* B First Indian co#pany to #a e a si#(ltaneo(s e.(ity offerin, of M?*> "illion in India- the &nited States and Hapan* B ICICI ac.(ired In)estitsionnoIKreditny Ban 1IKB2- a R(ssia "an +ith a"o(t &SM<#n in assets- head office in Bala"ano)o in the Kal(,a re,ion- and +ith a "ranch in 0osco+* ICICI rena#ed the "an ICICI Ban F(rasia* Also- ICICI esta"lished a "ranch in /("ai %a(ra) Naran, B*B*A 4B

International Financial Centre and in =on, Kon,*ICICI Ban "eca#e the lar,est "an in India in ter#s of its #ar et capitali6ation* B ICICI Ban "eca#e the first pri)ate entity in India to offer a disco(nt to retail in)estors for its follo+I(p offer*

2==5 A ICICI Ban "eca#e the first Indian "an to iss(e hy"rid TierI? perpet(al de"t in the international #ar ets* A ICICI Ban s("sidiary set (p in R(ssia* B Introd(ced a ne+ prod(ct I QNRI s#art sa)e /eposits3 P a (ni.(e fi5ed deposit sche#e for nonresident Indians* A Representati)e offices opened in ThailandIndonesia and 0alaysia* R ICICI Ban &K opened a "ranch in Ant+erp- in Bel,i(# B ICICI Ban "eca#e the lar,est retail player in the #ar et to introd(ce a "io#etric ena"led s#art card that allo+ "an in, transactions to "e cond(cted on the field* A lo+I cost sol(tion- this "eca#e an effecti)e deli)ery option for ICICI Ban 3s #icro finance instit(tion partners* B Financial co(nselin, centre /isha la(nched* /isha pro)ides free credit co(nselin,financial plannin, and de"t #ana,e#ent ser)ices* B Bhoo#i p(ja cond(cted for a re,ional h(" in =ydera"ad- Andhra Pradesh*

2==; A ICICI Ban Qs &S/ 4 "illion 7Itranche international "ond offerin, +as the lar,est "ond offerin, "y an Indian "an * B ICICI a#al,a#ated +#n li B#n0- +hich +as head.(artered in San,li- in 0aharashtra State- and +hich had ?B> "ranches in 0aharashtra and another 7? in Karnata a State* San,li Ban had "een fo(nded in ?@?C and +as partic(larly stron, in r(ral areas* 9ith respect to the international sphere- ICICI also recei)ed per#ission fro# the ,o)ern#ent of Satar to open a "ranch in /oha* Also- ICICI Ban F(rasia opened a second "ranch- this ti#e in St* Peters"(r,* B ICICI Ban raised Rs 4A-AAA crore 1appro5 MB "illion2 fro# "oth do#estic and international #ar ets thro(,h a follo+Ion p("lic offer* B ICICI Ban 3s %BP 7BA #illion international "ond offerin, #ar ed the ina(,(ral deal in the sterlin, #ar et fro# an Indian iss(er and also the lar,est deal in the sterlin, #ar et fro# Asia* B La(nched India3s first e)er je+ellery card in association +ith je+elry #ajor %itanjali %ro(p* B ICICI Ban "eca#e the first "an in India to la(nch a pre#i(# credit card II The 'isa Si,nat(re Credit Card* B Fo(ndation stone laid for a re,ional h(" in %andhina,ar- %(jarat* B Introd(ced S0F Tool it- an online reso(rce centre- to help s#all and #edi(# enterprises startfinance and ,ro+ their "(siness* B ICICI Ban si,ned a #(ltiI tranche d(al c(rrency &SM ?*B "illion syndication loan a,ree#ent %a(ra) Naran, B*B*A 4C

in Sin,apore* B ICICI Ban "eca#e the first pri)ate "an in India to offer "oth floatin, and fi5ed rate on car loans- co##ercial )ehicles loans- constr(ction e.(ip#ent loans and professional e.(ip#ent loans* B In a first of its ind- nation +ide initiati)e to attract "ri,ht ,rad(ate st(dents to p(rs(e a career in "an in,ICICI Ban la(nched the EPro"ationary Officer Pro,ra##eE* BLa(nched Ban Tho#e ser)ices for all sa)in,s and c(rrent aDc c(sto#ers residin, in India B ICICI Ban F(rasia LLC ina(,(rated its first "ranch at St Peters"(r,- R(ssia*

2==7 A ICICI Ban enters &S The &S Federal Reser)e per#itted ICICI to con)ert its representati)e office in Ne+ Yor into a "ranch*B ICICI Ban enters %er#any- opens its first "ranch in Fran f(rt B ICICI Ban la(nched i0o"ile- a "rea thro(,h inno)ation in "an in, +here practically all internet "an in, transactions can no+ "e si#ply done on #o"ile phones* B ICICI Ban concl(ded IndiaGs lar,est e)er sec(riti6ation transaction of a pool of retail loan assets a,,re,atin, to Rs* <>*@C "illion 1e.(i)alent of &S/ ?*4? "illion2 in a #(ltiItranche iss(e "ac ed "y fo(r different asset cate,ories* It is also the lar,est deal in Asia 1e5IHapan2 in 4AA> till date and the second lar,est deal in Asia 1e5IHapan 8 A(stralia2 since the "e,innin, of 4AA;* B ICICI Ban la(nches ICICIACTI'F I Ban in, Interacti)e Ser)ice I alon, +ith /IS=T'- +hich +ill allo+ )ie+ers to see infor#ation a"o(t the Ban Gs prod(cts and ser)ices and contact details on their /IS=T' screens* B ICICI Ban and British Air+ays la(nch coI "randed credit card- +hich is desi,ned to earn accelerated re+ard points to the card holders +ith e)ery British Air+ays fli,ht or "y spendin, on e)eryday p(rchases* 2==9A ICICI Ban Board appoints 0r K* '* Ka#ath as nonI e5ec(ti)e Chair#an and 0s Chanda Kochhar as 0ana,in, %a(ra) Naran, B*B*A 4;

/irector 8 CFO effecti)e 0ay ?- 4AA@- +hile the e5istin, nonI e5ec(ti)e Chair#an 0r N 'a,h(l retires after co#pletin, his ter# on April 7A- 4AA@ B ICICI "an ties (p +ith BSNL Cell One for "ill pay#ents- it +ill facilitate "ill pay#ent for BSNL Cell One (sers thro(,h +++*icici"an *co# across all the 4; circles of BSNL* B ICICI Ban Li#ited actin, thro(,h its =on, Kon, Branch 1ICICI Ban 2 si,ned an a,ree#ent on F5port Credit Line totalin, (p to &SM?AA #illion +ith the Hapan Ban for International Cooperation 1HBIC2 +hich constit(tes the international +in, of Hapan Finance Corporation* B ICICI Ban Li#ited actin, thro(,h its =on, Kon, Branch 1ICICI Ban 2 si,ned a loan a,ree#ent +ith the F5portII#port Ban of China 1China F5i#2 for &S/ @> #illion (nder the T+oI step B(yer Credit 1F5port Credit2 arran,e#ent* ICICI Ban is the first Indian Ban to ha)e entered into this arran,e#ent +ith China F5i# B ICICI Ban +ith Sin,apore Airlines la(nched ICICI Ban Sin,apore Airlines 'isa Platin(# Credit Card!- the Card has e5cl(si)e pri)ile,es especially desi,ned for the #e#"ers* B ICICI Ban anno(nced an association +ith #Che - India3s leadin, #o"ile pay#ent sol(tions pro)ider- to facilitate #Che ser)ices to all ICICI Ban /e"it and Credit Card c(sto#ers* These are electronic cards iss(ed to the c(sto#ers +ith #Che application on their #o"ile phone* B 0s Chanda Kochhar too char,e as the 0ana,in, /irector 8 CFO of ICICI Ban fro# 0ay ?- 4AA@*

ICICI BANK (ODA)

)%)%) B#n0 1BSF$ ICICI2 1for#erly )n2ustri#l %re2it #n2 )nvest$ent %or8or#tion o3 )n2i#2 is IndiaGs lar,est pri)ate sector "an "y #ar et capitalisation and second lar,est o)erall in ter#s of assets* Trotal assets of Rs* 7-BC4*4> "illion 1&SM ;; "illion2 at /ece#"er 7?- 4AA@ and profit after ta5 Rs* 7A*?@ "illion 1&SM C<>*> #illion2 for the nine #onths ended /ece#"er 7?- 4AA@* The Ban also has a net+or of ?-C<AU "ranches 1as on Fe"r(ary ??- 4A?A2 and a"o(t <-;4? AT0s in India and presence in ?> co(ntries- as +ell as so#e 4< #illion c(sto#ers 1at the end of H(ly 4AA;2* ICICI Ban offers a +ide ran,e of "an in, prod(cts and financial ser)ices to corporate and retail c(sto#ers thro(,h a )ariety of deli)ery channels and specialised s("sidiaries and affiliates in the areas of in)est#ent "an in,- life and nonIlife ins(rance- )ent(re capital and asset #ana,e#ent* 1These data are dyna#ic*2 ICICI Ban is also the lar,est iss(er of credit cards in India* ICICI Ban has ,ot its e.(ity shares listed on the stoc e5chan,es at Kol ata and 'adodara- 0(#"ai and the National Stoc F5chan,e of India Li#ited- and its A/Rs on the Ne+ Yor Stoc F5chan,e 1NYSF2* The Ban is e5pandin, in o)erseas #ar ets and has the lar,est international "alance sheet a#on, Indian "an s* ICICI Ban no+ has +hollyIo+ned s("sidiaries- "ranches and representati)es offices in ?> co(ntriesincl(din, an offshore (nit in 0(#"ai* This incl(des +holly o+ned s("sidiaries in Canada- R(ssia and the &K 1the s("sidiary thro(,h +hich the =iSA'F sa)in,s "rand is %a(ra) Naran, B*B*A 4>

operated2- offshore "an in, (nits in Bahrain and Sin,apore- an ad)isory "ranch in /("ai- "ranches in Bel,i(#- =on, Kon, and Sri Lan a- and representati)e offices in Ban,ladesh- China- 0alaysia- Indonesia- So(th Africa- Thailand- the &nited Ara" F#irates and &SA* O)erseas- the Ban is tar,etin, the NRI 1NonIResident Indian2 pop(lation in partic(lar* ICICI reported a net profit of Rs* 7-;B> crore 1&SM ;<? #illion2 for FY4AA@* The "an Gs C(rrent and sa)in,s acco(nt 1CASA2 ratio increased to 4>*;J at 0arch 7?- 4AA@ fro# 4C*?J at 0arch 7?- 4AA>* Increase of Rs* B-4>C crore in CASA deposits in .(arter ended 0arch 7?-4AA@* ICICI Ban is one of the Big Four Banks of India +ith State Ban of India- A5is Ban and =/FC Ban

ICICI Bank Group

++ -R./)L*
-ro2ucts C +ervices
-erson#l B#n0in

BU+)N*

/eposits Loans Cards In)est#ents Ins(rance /e#at Ser)ices 9ealth 0ana,e#ent

NR) B#n0in

0oney Transfer Ban Acco(nts In)est#ents

%a(ra) Naran, B*B*A

4@

Property Sol(tions Ins(rance Loans

Business B#n0in

Corporate Net Ban in, Cash 0ana,e#ent Trade Ser)ices FVOnline S0F Ser)ices Online Ta5es C(stodial Ser)ices

He#2 .33ice
ICICI Ban @th Floor- So(th To+ers ICICI To+ers Bandra K(rla Co#ple5 Bandra 1F2 0(#"ai* -"oneA @?IA44ICB7 ;@?< ,e<siteA +++*icici"an *co#

%#8it#l structure
The A(thori6ed Capital of ICICI Ban is 4?<*;B Crores* The Iss(ed- S("scri"ed and Paid &p Capital is di)ided into ???74BAC<4 e.(ity shares T Rs*?ADI each*

Bo#r2 o3 !irectors
Bo#r2 Me$<ers
0r* K* '* Ka#ath- Chair#an **************************************************** 0r* Sridar Iyen,ar **************************************************** 0r* =o#i R* Kh(sro han **************************************************** 0r* La sh#i N* 0ittal ************************************************ 0r* Narendra 0(r (#"i ************************************************* /r* An(p K* P(jari %a(ra) Naran, B*B*A 7A

************************************************* 0r* An(pa# P(ri ************************************************** 0r* 0*S* Ra#achandran ************************************************** 0r* 0*K* Shar#a ************************************************** 0r* '* Sridar Prof* 0arti %* S("rah#anya# ********************************************************* 0r* '* Pre# 9atsa ********************************************************* 0s* Chanda /* Kochhar0ana,in, /irector 8 CFO ********************************************************* 0r* Sandeep Ba hshi/ep(ty 0ana,in, /irector ********************************************************* 0r* N* S* KannanF5ec(ti)e /irector 8 CFO ********************************************************* 0r* K* Ra# (#arF5ec(ti)e /irector ********************************************************* 0r* Sonjoy ChatterjeeF5ec(ti)e /irector

Bo#r2 co$$ittee
Au2it %o$$ittee 0r* Sridar Iyen,ar- Chair#an 0r* 0* K* Shar#a- Alternate Chair#an 0r* Narendra 0(r (#"i 0r* '* Sridar %or8or#te +oci#l Res8onsi<ility %o$$ittee 0r* 0* K* Shar#a- Chair#an /r* An(p K* P(jari 0s* Chanda /* Kochhar Bo#r2 Govern#nce Re$uner#tion C No$in#tion %o$$ittee 0r* 0* K* Shar#a- Chair#an 0r* K* '* Ka#ath 0r* An(pa# P(ri Prof* 0arti %* S("rah#anya# %usto$er +ervice %o$$ittee 0r* K* '* Ka#ath- Chair#an 0r* Narendra 0(r (#"i /r* An(p K* P(jari 0r* 0* S* Ra#achandran 7?

%a(ra) Naran, B*B*A

0r* 0*K* Shar#a 0s* Chanda /* Kochhar %re2it %o$$ittee 0r* K* '* Ka#ath- Chair#an 0r* Narendra 0(r (#"i 0r* 0* S* Ra#achandran 0r* 0 *K* Shar#a 0s* Chanda /* Kochhar Ris0 %o$$ittee /r#u2 Monitorin %o$$ittee 0r* 0* K* Shar#a- Chair#an 0r* K* '* Ka#ath 0r* Narendra 0(r (#"i 0s* Chanda /* Kochhar 0r* Sandeep Ba hshi

+"#re (r#ns3er C +"#re"ol2ersDE )nvestorsD Griev#nce %o$$ittee 0r* 0* K* Shar#a- Chair#an 0r* Narendra 0(r (#"i 0r* N* S* Kannan

0r* K* '* Ka#ath- Chair#an 0r* Sridar Iyen,ar /r* An(p K* P(jari Prof* 0arti %* S("rah#anya# 0r* '* Pre# 9atsa 0s* Chanda /* Kochhar %o$$ittee o3 *?ecutive !irectors 0s* Chanda /* Kochhar- Chairperson 0r* Sandeep Ba hshi0r* N* S* Kannan 0r* K* Ra# (#ar 0r* Sonjoy Chatterjee

B-SINESS OBJECTI>E
>i"ion
To "e the leadin, pro)ider of financial ser)ices in India and a #ajor ,lo"al "an *

%a(ra) Naran, B*B*A

74

 8i""ion
9e +ill le)era,e o(r people- technolo,y- speed and financial capital toA "e the "an er of first choice for o(r c(sto#ers "y deli)erin, hi,h .(ality- +orldIclass ser)ice* F5pand the frontiers of o(r "(siness ,lo"ally* Play a proacti)e role in the f(ll realisation of India3s potential* 0aintain a healthy financial profile and di)ersify o(r earnin,s across "(sinesses and ,eo,raphies* 0aintain hi,h standards of ,o)ernance and ethics* Contri"(te positi)ely to the )ario(s co(ntries and #ar ets in +hich +e operate* Create )al(e for o(r sta eholders*

TECHNOLO.Y -"ed In ICICI Bank

ICICI (se #any type of ad)ance technolo,ical soft+are li e Pinnacle ;*A and Pinnacle;*A?C*A#on, fro# this soft+are ICICI "an (ses the eI"an in,- core "an in,%a(ra) Naran, B*B*A 77

#o"ile "an in, electronic display sy ICICI Ban +as (sin, Teradata for its data +areho(se* =o+e)er- d(e to its proprietary hard+are- the cost of proc(re#ent- (p,rades and ad#inistration +as soarin,* The closed "o5 architect(re of Teradata i#posed restrictions on scala"ility* Secondly- .(eryin, and loadin, co(ld not happen si#(ltaneo(sly* S(eries co(ld only "e r(n d(rin, "(siness ho(rs "eca(se the loadin, of data had to ta e place d(rin, off "(siness ho(rs* This #eant that the refresh rate of F/9 +as delayed- so .(eries #ay not reflect the #ost c(rrent data* ICICI Ban +as also dependent on Teradata for s(pport and other acti)ities$ The "an +as co#pletely tied do+n to that sol(tion* These iss(es co#pelled ICICI Ban to loo for #ore efficient and fle5i"le sol(tions* The sol(tion +o(ld ha)e to address not only c(rrent iss(es- "(t acco##odate f(t(re ,ro+th e5pectations and "(siness re.(ire#ents* ICICI Ban e)al(ated n(#ero(s data +areho(sin, sol(tions in the p(rs(it of sol)in, its iss(es- and de)eloped a shortlist of alternati)es for its #i,ration proofIofIconcept$ Sy"ase- SAS and Nete66a* The pri#ary criteria for e)al(ation +as the priceItoIperfor#ance ratio +here Sy"ase IS e#er,ed the clear +inner* /(rin, this ri,oro(s testin,- Sy"ase IS deli)ered faster res(lts on independent hard+are and operatin, syste#s +ith #ini#(# infrastr(ct(re* Co##endin, the i#pro)e#ents achie)ed- A#it Sethi- Hoint %eneral 0ana,er- ICICI "an says- E9hat i#pressed (s +asthat e)en +ith o)erall lo+er costs- +e co(ld achie)e si,nificantly "etter .(ery perfor#anceafter i#ple#entin, the Sy"ase enterprise +areho(se sol(tion*E ICICI Infotech today la(nched an enterprise reso(rceplannin, 1FRP2 sol(tion for the s#all and #edi(# enterprises* The FRP pac a,e I Orion Ad)anta,e I co#es "(ndled +ith an =P d(al processor Veon ser)er- Oracle @i data"ase- 9indo+s 4AA7 ser)er and costs a"o(t Rs @*@A la h and has a ?BI(ser license* An FRP pac a,e helps a #an(fact(rer or any other "(siness i#ple#entin, it to #ana,e all the i#portant parts in the co#pany s(ch as prod(ct plannin,- parts p(rchasin,#aintainin, in)entory and interactin, +ith s(ppliers and c(sto#ers* ICICI Infotech officials told a press conference here today that Orion Ad)anta,e offered a set of "(siness practice sol(tions for ind(stry se,#ents s(ch as en,ineerin,- a(to ancillary- phar#ace(ticals- che#icals and IT distri"(tion* Besides the cost ad)anta,e- the FRP pac a,e also ca#e preIconfi,(red* ICICI Infotech had #apped the processes specific to each ind(stry se,#ent into the pac a,e* 0r* 0anoj K(n alien ar- F5ec(ti)e /irector and President- ICICI Infotech- said that s#alland #edi(# enterprises 1S0Fs2 offered a ,ood #ar et and ICICI Infotech hoped to "eco#e a leadin, sol(tion pro)ider to this se,#ent* 0r* R*K* Kanthi- /ep(ty %eneral 0ana,er- ICICI Infotech- said there +as no FRP pac a,efor the S0Fs that "(ndled the ser)er- data"ase and operatin, syste# ri,ht no+* That +as the ad)anta,e ICICI Infotech offered to S0Fs as Orion Ad)anta,e ca#e "(ndled and preconfi,(red* Besides the hi,h cost of ,eneric FRP pac a,es- their i#ple#entation ti#e as far as S0Fs +ere concerned +as also lon,* Orion Ad)anta,e co(ld "e installed in <B days*

%a(ra) Naran, B*B*A

7<

ICICI Infotech had si,ned (p si5 c(sto#ers so far for the pac a,e and hoped to ,arner a ?B per cent #ar et share of the S0F se,#ent- +hose n(#"er in the co(ntry +as esti#ated at 4*7A la h* 0r* K*S* Natarajan- 0ana,in, /irector- Trident Pne(#atics P)t Ltd of Coi#"atore- one of the co#panies that had installed Orion Ad)anta,e- said that the co#pany had tried three other FRP pac a,es- all of +hich had failed- "efore settlin, on Orion Ad)anta,e* 0r K(n alien ar said that ICICI Infotech planned to #o)e the t+o de)elop#ent centers in Chennai into a sin,le location and do("le the staff stren,th fro# 7AA no+ in the ne5t t+o years* The Chennai centers +ere in)ol)ed in research and de)elop#ent of Orion FRP sol(tions and Pre#ia- an ins(rance pac a,e* 9e can see that the ho+ technolo,y ,i)es the "est res(lts in the "elo+ dia,ra#* There are drastically chan,es seen in the (se of Internet "an in,- in a year 4AA? 14J2 and in the year 4AA> 14BJ2* These type of technolo,y ,i)es the freedo# to retail c(sto#ers* %entr#liFe2 -rocessin Units Electronic traight through !rocessing Data #arehousing$CR% Innovative "echnolog& 'pplication Derived Economies Of cale Reduced "ransaction Cost Improve Cost Efficienc&$Cross ell !rovide (e) Or uperior !roducts

The co(ntry3s #iddle class acco(nts for o)er 74A #illion people* In correlation +ith the,ro+th of the econo#y- risin, inco#e le)els- increased standard of li)in,- and afforda"ility of "an in, prod(cts are pro#isin, factors for contin(ed e5pansion*

P*OD+C(! AND !,*-IC,!

PERSONAL BAN9IN.
Loan P!odu+t
%a(ra) Naran, B*B*A

/e'o"it P!odu+t

In e"tment ?
7B

In"u!an+e
A(to loan Loan a,ainst sec(rity Loan a,ainst property Personal loan Credit card 4I +heeler loan Co##ercial )ehicles finance =o#e loans Retail "(siness "an in, Tractor loan 9or in, capital finance Constr(ction F.(ip#ent finance =ealth care finance Fd(cation loan %old loan Sa)in,s ADC C(rrent ADC Fi5ed /eposits /e#at ADC Safe /eposit Loc ers 0(t(al F(nds Bonds Kno+led,e Centre Ins(rance %eneral And =ealth Ins(rance F.(ity And /eri)ati)es 0(dra %old Bar

Ca!d"
Credit Card /e"it Card Prepaid Card

Pa#ment Se! i+e"

Net Safe 0erchant Prepaid Refill Bill Pay 'isa Bill Pay InstaPay /irect Pay 'isa0oney Transfers FI0onies Flectronic F(nds Transfer Online Pay#ent Of /irect Ta5

A++e"" To Bank
Net Ban in, One 'ie+ InstaAlert 0o"ile Ban in, AT0 Phone Ban in, F#ail State#ents Branch Net+or

IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII /ore? services IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII Prod(ct And Ser)ices Trade Ser)ices Fore5 Ser)ice Branch Locater RBI %(idelines

.%O/,!A/, BANKING

%a(ra) Naran, B*B*A

7C

Co!'o!ate

Sma&& and 8edium Ente!'!i"e"

F(nded Ser)ices Non F(nded Ser)ices Speciali6ed Ser)ices 'al(e Added Ser)ices Internet Ban in,

Finan+ia& In"titution" and T!u"t" BANK+

Clearing Sub-Membership !"S Sub-Membership Fun# !rans$er %!M !ie- &ps Corporate Salar' %(C !a) Collection

F(nded Ser)ices Non F(nded Ser)ices 'al(e Added Ser)ices Internet Ban in,

/in#nci#l )nstitutions Mutu#l /un2s +toc0 Broc0ers )nsur#nce %o$8#nies %o$$o2ities Business "rusts

N*I !,*-IC,!
%a(ra) Naran, B*B*A 7;

A++ount" ? /e'o"it"
R(pee Sa)in, ADC R(pee C(rrent ADC R(pee Fi5ed /eposits Forei,n C(rrency /eposits Acco(nts For Ret(rnin, Indians

Remittan+e"
North A#erica & F(rope So(th Fast Asia 0iddle Fast Africa Others
Guic0 Re$it )n2i# Lin0 %"ec0 Loc0 Bo? (ele r#8"icE ,ire (r#ns3er /un2 (r#ns3er %"e@uesE!2sE(cs

In e"tment ? In"u!an+e"
0(t(al F(nds Ins(rance Pri)ate Ban in, Portfolio In)est#ent Sche#e

Loan"
=o#e Loans Loans A,ainst Sec(rities Loans A,ainst /eposits %old Card Credit

Pa#ment Se! i+e"

Net Safe Bill Pay InstaPay /irectPay 'isa0oney Online /onation

A++e"" To Bank
Net Ban in, One 'ie+ InstaAlert AT0 Phone Ban in, F#ail State#ents Branch Net+or s

PRO/-CTS
%a(ra) Naran, B*B*A 7>

ICICI Ban offers +ide )ariety of /eposit Prod(cts to s(it yo(r re.(ire#ents* Co(pled +ith con)enience of net+or ed "ranchesD AT0s and facility of FIchannels li e Internet and 0o"ile Ban in,- ICICI Ban "rin,s "an in, at yo(r doorstep* Select any of its deposit prod(cts and pro)ide yo(r details online and their representati)e +ill contact yo( for Acco(nt Openin,*

SA>IN. ACCO-NTS
ICICI Ban offers c(sto#ers a po+er pac ed Sa)in,s Acco(nt +ith a host of con)enient feat(res and "an in, channels to transact thro(,h* So no+ c(sto#ers can "an at their con)enience- +itho(t the stress of +aitin, in .(e(es*

!0e ial !avings A

ount1

The Special Sa)in,s Acco(nt has "een desi,ned eepin, in #ind the specific needs of or,ani6ations s(ch as Tr(sts- Associations- Societies- Co(ncils- Cl("s etc* It pro)ides or,ani6ations sol(tions +ith added )al(e and is ideal for ta5 e5e#pted entities*

LIFE PL-SSenio! +iti@en" "a in*" a++ount

LIFF PL&S-a special sa)in,s acco(nt for senior citi6ens fro# ICICI Ban is pac ed +ith a host of "enefits-desi,ned eepin, yo(r (ni.(e financial re.(ire#ents in #ind* Special senior citi6ens des to cater to all "an in, transactions- so that yo( don3t +ait in .(e(es* =i,her interest rate on F/DR/$a)ail the co#"ined "enefits of safety-fele5i"ility and attracti)e ret(rns +ith ICICI Ban Fi5ed /eposit and Rec(rrin, /eposit* Free special senior citi6en LIFF PL&S de"it card* 0oney #(ltiplies facility* F5tended "an in, ho(rs allo+s yo( to )isit o(r "ranches-as per yo(r con)enience* Any+here "an in, access to )ario(s ser)ices-ICICI Ban has to offer P anyti#e-any+here and fro# any place-incl(din, "ranches-AT0s and phone "an in,* No#ination facility a)aila"le* S(arterly a)era,e "alance1SAB2 re.(ire#ent of Rs*BAAA* S(arterly physical state#ents are deli)ered to yo(r doorstep to a"sol(tely free of cost* Pass"oo on re.(est*

%a(ra) Naran, B*B*A

7@

Youn* Sta!" A++ount,

Yo(n, Stars is a "an in, ser)ice for children- a,ed ?day I?> years- "ro(,ht to yo( "y ICICI Ban to help the parents #eet the present and f(t(re aspirations that they hold for their child* It offers )ario(s sa)in,s and in)est#ent options to the parent alon, +ith teachin, the child to #ana,e hisDher personal finance in a #ore responsi"le and independent #anner*Yo(n, Stars +ill ,(ide yo(r child thro(,h the +orld of "an in, Ithro(,h chec in, the acco(nt "alance- f(n 6ones and special pa,es on the internet* It #a es "an in, a pleas(re and of co(rse teaches yo(r child to #ana,e their personal finances*9ith the poc et #oney that yo( transfer to yo(r childGs acco(nt- yo( can e)en shop +ith hi# D her at Yo(n, Stars )ery o+n shoppin, pa,e* Yo( can e)en open a rec(rrin, deposit in yo(r childGs na#e* Once yo( are done +ith yo(r G"an in,G- yo( can access yo(r childGs acco(nt +ith all the f(n lin s to special 6ones desi,ned to s(it yo(r childGs area of interests and also i#part no+led,e on the c(rrent e)ents of the +orld*

Ad anta*e )oman "a in*" a++ount

The ICICI Ban Ad)anta,e 9o#an Acco(nt ena"les today3s independent +o#en to enjoy hassleIfree "an in, ser)ices* Besides the core ICICI Ban ad)anta,e- the Ad)anta,e 9o#an Sa)in,s Acco(nt is pac ed +ith special "enefits for o(r +o#en c(sto#ers* Fnjoy yo(r present and plan for the f(t(re +ith ICICI Ban 3s Ad)anta,e 9o#an Sa)in,s Acco(nt*Ad)anta,e 9o#an offers a specially desi,ned +o#anGs de"it card +hich helps yo( shop and sa)e si#(ltaneo(sly- #ana,es yo(r ho(sehold e5pendit(res and co#es +ith a "a, f(ll of offers attached to it* Special International 9o#an3s /e"it Card +ith lots of offers* Free (nli#ited access to any "an 3s AT0* Bill Pay facility 8 0(lti Channel Access* Paya"leIatIpar che.(e "oo * No#ination facility a)aila"le* Oero "alance facility +ith an R/ of Rs*4AAA or S(arterly A)era,e Balance 1SAB2 re.(ire#ent of Rs* ?A-AAA*

Cu!!ent A++ount",
F)ery "(siness re.(ires efficient "an in, facilities to s(pport its "(siness acti)ities* ICICI Ban offers pre#i(# .(ality ser)ice- (nfoldin, a +ide array of class prod(cts* 9ith technolo,y leadership and ser)ice the "an is a"le to #eet so#e of the #ost challen,in, financial needs of clients*A C(rrent Acco(nt is one that is re.(ired "y B(siness#an- Hoint stoc co#paniesInstit(tions- P("lic a(thorities- p("lic corporations etc* Any "(siness that has n(#ero(s "an in, tranactions need a c(rrent acco(nt as it Allo+s r(nnin, acco(nt s(pportin, (nli#ited +ithdra+als and deposits*

%a(ra) Naran, B*B*A

<A

Is #eant for con)enience and not to sa)e #oney*

Roamin* Cu!!ent A++ount

Only Roa#in, C(rrent Acco(nt fro# ICICI Ban tra)els the distance +ith c(sto#ers "(siness* 9ith ad)anced technolo,ical feat(res s(ch as 0CC and LCC- "an in, needs are +ell ta en care of- c(sto#ers can access their acco(nts at o)er BAA net+or ed "ranches across the co(ntry* So +hile c(sto#ers ta e care of their "(siness- ICICI Ban 3s Roa#in, C(rrent Acco(nt si#plifies "an in, for the#*

Sa&a!# A++ount"
Salary Acco(nt is a feat(re rich corporate payroll acco(nt +ith "enefits for "oth corporates and its e#ployees* The process of dra+in, che.(es for salaries is replaced "y sendin, a sin,le ASCII file to the "an and the a#o(nt is directly credited into the e#ployees salary acco(nt C(ts do+n payroll processin, +or load Salary Acco(nt can "e opened +ith #ini#(# ?A e#ployees Instant credit of salaries

ICICI Ban Salary Acco(nt is a "enefitIrich payroll acco(nt for F#ployers and F#ployees*As an or,ani6ation- yo( can opt for o(r Salary Acco(nts to ena"le easy dis"(rse#ents of salaries and enjoy n(#ero(s other "enefits too*9ith ICICI Ban Salary Acco(nts yo(r e#ployees +ill enjoy the con)enience of $ W W W =a)in, the lar,est net+or of AT0s at their co##andFree 4< ho(r Phone Ban in,Free Internet Ban in,*

All that the or,ani6ation +o(ld re.(ire to do is to send ICICI Ban an ad)ice 1in for# of a che.(eDde"it instr(ction- ecs- etc2 for the total salary a#o(nt alon, +ith the salary details of the desi,nated e#ployees in a soft and hard copy for#at and +e +ill credit the respecti)e e#ployeesG acco(nts as per yo(r state#ent of ad)ice*ICICI Ban Salary Acco(nts "enefits yo( in #ore than one +ays$I W W Red(ces paper+or * Sa)es re#ittance costs*

F#ployees recei)e instant credit of salaries* 0ore con)enient than FCS* Besides all of the a"o)e- e#ployees a(to#atically "eco#e ICICI Ban acco(nt holders +ith special "enefits and pri)ile,es of >I> "an in,- In)est#ent ad)isory and #(ch #ore***

%a(ra) Naran, B*B*A

<?

FiAed de'o"it",
Fi5ed deposits are options +hich help yo( ,ro+ yo(r #oney th(s creatin, +ealth in a safer and sec(re +ay* ICICI pro)ides its c(sto#ers +ith )ario(s inds of Fi5ed deposit facilities that are fle5i"le and cater to c(sto#ers +ho ha)e different needs and +ants in their fi5ed deposits* ICICI pro)ides a Fi5ed /eposit that allo+s c(sto#ers to deposit their #oney for j(st as lon, as yo( +ish* 9ide ran,e of ten(res P ?B days to ?A years* Choice of in)est#ent plan P traditional and c(#(lati)e deposits* Partial +ithdra+al allo+ed* Loan facility a)aila"le P yo( can a)ail loan (p to @AJ of principal and accr(ed interest* A(to rene+al facility P yo( can choose this option so that the deposit can "e rene+ed on #at(rity* Interest co#po(nded .(arterly* Additional interest rate of A*BJ for senior citi6ens*

Re+u!!in* /e'o"it",
ICICI Ban Recurrin !e8osits are an ideal +ay to in)est s#all a#o(nts of #oney e)ery #onth and end (p +ith a lar,e itty on #at(rity*=i,h recurrin <illin and recurrin 8#y$ents can "e a drain on yo(r finances and hence lar,e in)est#ents #ay see# a plan a+ay* Rec(rrin, deposits ai#s to enco(ra,e sa)in,s +itho(t p(ttin, any stress on c(sto#ers finances "y #a in, the# to p(t a l(#p s(# a#o(nt in fi5ed deposit in one ,o*The rec(rrin, deposit also attracts hi,h rate of ret(rn that are identical to the fi5ed deposit rates and #ost i#portantly no T/S is applica"le in it *the #ini#(# "alance of deposit is of Rs*BAA and thereafter in #(ltiples of Rs*?AA the #ini#(# period is C #onths and thereafter in #(ltiples of 7 #onths-no#ination facility is also a)aila"le*

Se+u!it# /e'o"it",
A fe+ Corporates stip(late to their ne+ e#ployees to pro)ide Sec(rity /eposit to red(ce attrition* ICICI Ban 3s proposal for the e#ployee is to eep the Sec(rity /eposit in the for# of a Fi5ed /eposit 1F/2 +ith the Ban * The e#ployee cannot +ithdra+ s(ch F/s +itho(t the consent of the co#pany and

%a(ra) Naran, B*B*A

<4

the co#pany has the ri,ht to +ithdra+ the F/ in the e)ent of e#ployee lea)in, the or,ani6ation "efore a certain stip(lated period*

)%)%) B#n0 (#?6+#ver /i?e2 !e8osit

ICICI Ban 3s (#?6+#ver /i?e2 !e8osit ena"les yo( to sa)e ta5 and earn hi,h ret(rns* A d(al "enefit option str(ct(red to #a5i#ise yo(r ad)anta,e* ICICI Ban 3s Ta5 Sa)er F/ is the perfect sol(tion for yo(r in)est#ent needs*

**/% Account
Indian e5ports ha)e s(r,ed o)er the last decade o+in, to an (nprecedented "oo# in sectors li e soft+are- "iotechnolo,y- ,e#s- je+ellery- te5tiles etc* As a res(lt of this- the )ol(#e of in+ard re#ittances has also increased si,nificantly* To shield the fir#s en,a,ed in re,(lar e5port and i#port fro# the e5chan,e rate fl(ct(ations RBI has allo+ed par in, of forei,n c(rrency "y e5porters in an acco(nt desi,nated as F5chan,e Farners Forei,n C(rrency Acco(nt 1FFFC2* FFFC acco(nts are C(rrent Acco(nts held in forei,n c(rrency +ith a(thori6ed dealers of forei,n e5chan,e in the co(ntry*

Resi2ent /orei n %urrency &!o$estic' Account

/o yo( +ant to sa)e #oney +hile "(yin, forei,n c(rrency for tra)ellin, a"roadX Yo( can "(y tra)eller3s che.(es- forei,n c(rrency in cash and forei,n c(rrency de#and draft for yo(r e5penses o)erseas* If yo( are a fre.(ent tra)eller- yo( #ay not +ant to ,o thro(,h the hassles of "(yin, forei,n c(rrency e)ery ti#e yo( tra)el a"road* The Reser)e Ban of India has no+ #ade it easier for yo( to access forei,n c(rrency "y per#ittin, a forei,n c(rrency acco(nt 1do#estic2 for resident Indians* In line +ith RBI ,(idelines- ICICI Ban has co#e (p +ith a sche#e that helps yo( ,et rid of all yo(r fore5 +orries* Yo( can par yo(r forei,n c(rrency in ICICI Ban (nder RFC 1/2 acco(nt* NonIinterest "earin, Resident Forei,n C(rrency 1/2 1RFC 1/22 +ith ICICI Ban can "e #aintained in fo(r #ajor c(rrencies 1&S/- F&RO- %BP and Hapanese Yen2

PRI>ILE.E BAN9IN.,
Pri)ile,e "an in, ser)ice ens(res preferential treat#ent to its c(sto#ers*

Silver privilege A/c

9ai)er of #(ltiIcity che.(e "oo (sa,e (p to Rs* ?-AA-AAA per #onth* 9ai)er of //DPO char,es for (pto Rs*BA-AAA per day* Preferential rates of ,old coins-deposits loc esr 8forei,n e*change+ S(arterly a)era,e "alance re.(ire#ent of Rs*4BAAA*

Gold privilege A/c

%a(ra) Naran, B*B*A

<7

Priority processin, at all ICICI Ban "ranches and c(sto#er care* Free (sa,e of paya"le IatIpar che.(e"oo * Free international ,old de"it card +ith hi,her daily +ithdra+al and spend li#it* 9ai)er of //DPO char,es for (p to Rs*?AA-AAA per day* Free any+here "an in, facility* Prefrential rates for ,old coins-deposit loc ers and forei,n e5chan,e* S(arterly A)era,e Balance1SAB2 re.(ire#ent of Rs*BAAAA *

Titanium privilege A/c

Branch relationship #ana,er s(pported +ith phone "an in, relationship #ana,er* Priority processin, at ICICI Ban "ranc,hes and c(sto#er care* Free international titani(# de"it card +ith hi,her daily +ithdra+al and spend li#it* Free any+here "an in, facility* Free (sa,e of #(ltyIcity che.(e "oo * Free physical #onthly acco(nt state#ent* Co#plete +ai)er on //DPO char,es* Preferential rates for ,ol coins-deposit loc ers and forei,n e5chan,e* S(arterly a)era,e "alance 1SAB2re.(ire#ent of Rs*;BAAA and Total Relationship 'al(e1TR'2of Rs* B-AA-AAA*

Fami&# bankin*,
S(perior prod(ct "enefits of pri)ili,e "an in,-+ealth #ana,e#ent and ,lo"al pri)ate client1%PC2 a)aila"le to all the #e#"ers of yo(r fa#ily +hile the re.(ired #ini#(# "alance can "e #aintained in any of the acco(nts* Access to s(perior "enefits for the entire fa#ily* Fle5i"ility to #aintain "alances across acco(nt* Lo+er #ini#(# "alance re.(ire#ent at indi)id(al c(sto#er le)el* Sin,le fa#ily "an P con)enience for the entire fa#ily and easier f(nds #ana,e#ent .

.ut1#r2 Re$itt#nceA
+en2 $oney to your love2 ones #<ro#2
ICICI Ban offers yo( a si#ple +ay to send #oney o(tside India* O(r O(t+ard Re#ittance facilities #a e re#ittin, #oney a"road .(ic - and relia"le* ICICI Ban 3s O(t+ard Re#ittance is the sol(tion for yo(r all yo(r needs* Be it #oney for ed(cation- ,ift #oney or #aintenance for

%a(ra) Naran, B*B*A

<<

lo)ed ones or donation for a ca(se* O(r e5tensi)e net+or ,i)es (s reach to #ost parts of the +orld*

A2v#nt# e !e8osit
Ad)anta,e /eposit is a co#"ination of fi5ed deposit and #(t(al f(nd in)est#ent- offerin, yo( the safety of a fi5ed deposit and the ret(rns of an e.(ity f(nd* Ad)anta,e /eposit co(nters e.(ityI#ar et fl(ct(ations thro(,h Syste#atic In)est#ent Plans*

Co#"ination of a Fi5ed /eposit 1+ith #onthly interest payo(t2 and Syste#atic In)est#ent Plan 1SIP2 of a 0(t(al F(nd* ReIin)est#ent of #onthly interest payo(t of Fi5ed /eposit into syste#atic in)est#ent plan of 0(t(al F(nd* A(to#atic de"its to acco(nt thro(,h Standin, Instr(ction D FCS de"it #andate*

Ne1 -ension +yste$ o3 Govern$ent o3 )n2i#

ICICI Ban +ith <@ "ranches is a Point of Presence 1POP2 for the NF9 PFNSION SYSTF0 la(nched on 0ay ?- 4AA@ "y the %o)ern#ent of India* The sche#e- pro#oted "y the PFR/A 1Pension F(nd Re,(latory and /e)elop#ent A(thority- %o)ern#ent of India2- is a first of its ind in India and is "ein, la(nched panIIndia "y 44 other POPGs as +ell* The p(rpose of this pension sche#e is to pro#ote sec(rity of inco#e to its s("scri"ers in their old a,e* The sche#e +ill e#po+er a s("scri"er to plan his o+n retire#ent and pension* It not only +ill help hi# sa)e for life after retire#ent "(t also is a ,ood in)est#ent tool as the ret(rns are #ar etIdri)en* For opti#(# ret(rns- the %o)ern#ent has appointed si5 f(nd #ana,ers for s("scri"ers to choose fro#*

LOANS
HO8E LOAN
Interest rates on ho#e loans ha)e co#e do+n considera"ly in the last fe+ years* Indi)id(als +ho opted for ho(sin, loans in the years ,one "y- are still ser)icin, the# at ?;J to 4?J per ann(#* S(ite a price to pay- since one can ,et a loan today for aro(nd ?4J per ann(#* In s(ch a case- yo( can opt for a "alance transfer* &nder this sche#e- c(sto#ers can replace their e5istin, old hi,h interest loan "y a cheaper 1e.(al to applica"le c(rrent rates2 loan* ICICI =o#e Finance +ill not only finance the "alance a#o(nt of o(tstandin, loan "(t also yo(r prepay#ent char,es to the old ho(sin, finance co#pany* The res(lt$ A lo+er F0I +ith the sa#e ten(re *

%a(ra) Naran, B*B*A

<B

A red(ced ten(re +ith the sa#e F0I* A red(ced ten(re and F0I * The sa#e F0I and ten(re "(t an additional a#o(nt as a loan*

PERSONAL LOANS
ICICI Ban Personal Loans are easy to ,et and a"sol(tely hassle free* 9ith #ini#(# doc(#entation yo( can no+ sec(re a loan for an a#o(nt (p to Rs* ?B la hs* Loans for salaried 8 self e#ployed indi)id(als* Loans are a)aila"le fro# Rs* 4A-AAA to Rs* ?B La hs* Repay#ent ten(res fro# ?4 I CA #onths* No Sec(rity-Collateral or %(arantors re.(ired* Loans can "e (sed for any p(rpose +ith no .(estions as ed re,ardin, the end (se of the loan* A "alance transfer facility a)aila"le for those +ho +ant to retire any hi,her de"t* All loan repay#ents are done )ia e.(ated #onthly instal#ents 1F0I2*

CAR LOAN

The NO* ? financier for car loans in the co(ntry* Net+or of #ore than ?BAA channel partners in o)er ;>A locations* TieI(ps +ith all leadin, a(to#o"ile #an(fact(rers to ens(re the "est deals* Fle5i"le sche#es 8 .(ic processin,* =assleIfree application process on the clic of a #o(se*

CO88ERCIAL >EHICLE LOAN

%a(ra) Naran, B*B*A

<C

Reaches yo( thro(,h #ore than ;AA locations across the co(ntry* Ran,e of prod(cts (nder one (#"rella* F(ndin, of )ario(s prod(cts li e =C's- B(ses- 0C's- LC's- 7 +heelers 8 (sed )ehicle* Ran,e of ser)ices on e5istin, loans 8 e5tended prod(cts li e f(ndin, of ne+ )ehiclesrefinance on (sed )ehicles- "alance transfer on hi,h cost loans- top (p on e5istin, loansVtend prod(ct- +or in, capital loans 8 other "an in, prod(cts** Preferred financier stat(s +ith #ost of the leadin, #an(fact(rers* Si#ple doc(#entation* S(ic t(rn aro(nd ti#e* Fle5i"le financin, sol(tions to #eet the indi)id(al re.(ire#ent*

T7O 7HEELER LOANS,

EOoo#E a+ay in yo(r fa)o(rite t+o +heeler* ICICI pro)ides attracti)e sche#es at co#petiti)e interest rates* Finance facility a)aila"le for all t+o +heelers ran,in, fro# #opeds to #otor "i es* No+ a)ail Finance (pto @AJY of the On Road Cost of the )ehicle- repaya"le in con)enient ten(re options ran,in, fro# C #onths to 7C #onthsY* Ride Fasy Pay Fasy +ith ICICI Ban T+o 9heeler Loans* In an (nli ely case of yo(r not #eetin, o(r nor#s NO PROBLF0 I yo( can still a)ail o(r loan- any "lood relati)e can "e yo(r coIapplicant* F5istin, ICICI Ban C(sto#ers ride a+ay on yo(r fa)o(rite T+o 9heeler "y a)ailin, Loan On PhoneYII a facility to ,et an instant loan o)er the phoneZZ Apply for loan online- call or thro(,h s#s*

FAR8 EB-IP8ENT LOANS,

ICICI is the preferred financier for al#ost all leadin, tractor #an(fact(rers in the co(ntry* ICICI finances far# e.(ip#ents in o)er 7>? locations spread across the co(ntry* Pro)ides fast processin, of files +ith easy doc(#entation* Fle5i"le repay#ent options in tande# +ith the far#erGs seasonal li.(idity* 0onthly- S(arterly and =alfIyearly repay#ent patterns to choose fro#* Co#forta"le repay#ent ten(res fro# ? year to C years*

CONSTR-CTION EB-IP8ENT LOAN

=a)in, f(nded infrastr(ct(re for o)er < decades- ICICI (nderstands the need of the c(sto#ers "etter* ICICI Ban offers attracti)e financial pac a,es thro(,h their e5cellent distri"(tion

%a(ra) Naran, B*B*A

<;

net+or * The prod(cts are c(sto#ised for ne+ entreprene(r to lar,e "(siness ho(ses* ICICI has tieI(p +ith leadin, constr(ction e.(ip#ent #an(fact(rers for +ide ran,e of prod(cts* The Ban ta e o)er e5istin, hi,h cost loans at co#petiti)e ter#s res(ltin, in h(,e sa)in,s and is .(ic in processin, d(e to easy for#alities and one ti#e sanction of loans for dis"(rse#ent o)er a period of ti#e*

OFFICE EB-IP8ENT LOAN,

0ini#(# doc(#entation re.(ired * /oorstep Ser)ice* Co#petiti)e Interest rates* Fle5i"le repay#ent str(ct(re* =assleIfree application process +ith the clic of a #o(se* /etails on yo(r application stat(s online*

2,DICA/ ,3+IP2,N( /OAN1

Professional doctors are a+are of the distinct ad)anta,es that the latest #edical e.(ip#ent can ,i)e their patients* ICICI Ban 0edical F.(ip#ent Loans s(pports professionals in their effort to ,i)e the "est to their patients* ItGs o(r h(#"le +ay of "ein, in)ol)ed in a no"le profession* Loans are offered for$ P(rchase of Ne+ e.(ip#ents* Ta eo)er of F5istin, loans*

O(r Key feat(res are$ /oorstep Ser)ice* F(ndin, in #ore than ?BA locations across the co(ntry* The "an pro)ides Co#petiti)e interest rates* ICICI also offers fle5i"le repay#ent str(ct(re*

LOAN A.AINST SEC-RITIES

Loans a,ainst Sec(rities ena"les c(sto#ers to o"tain loans a,ainst their sec(rities* So they ,et instant li.(idity +itho(t ha)in, to sell their sec(rities* All c(sto#ers ha)e to do is pled,e yo(r sec(rities in fa)o(r of ICICI Ban The Ban +ill then ,rant the# an o)erdraft facility (pto a )al(e deter#ined on the "asis of the sec(rities pled,ed "y the#* A c(rrent acco(nt +ill "e opened and c(sto#er can +ithdra+ #oney as and +hen they re.(ire* Interest +ill "e char,ed only on the a#o(nt +ithdra+n and for the ti#e span (tilised* ICICI offer loans a,ainst$ /e#at Shares RBI Relief Bonds 0(t(al F(nds &nits

%a(ra) Naran, B*B*A

<>

India 0illenni(# /eposits 1I0/s2 ICICI Ban Bonds Life Ins(rance Policies 1Sin,le Pre#i(#2

CRE/IT CAR/S,
ICICI Ban Credit Cards ,i)e yo( the facility of cash- con)enience and a ran,e of "enefits- any+here in the +orld* These "enefits ran,e fro# life ti#efree cards- Ins(rance "enefits- ,lo"al e#er,ency assistance ser)ice-disco(nts- (tility pay#ents- tra)el disco(nts and #(ch #ore*

/EBIT CAR/S,
The ICICI Ban /e"it Card is a re)ol(tionary for# of cash that allo+s c(sto#ers to access their "an acco(nt aro(nd the cloc aro(nd the +orld*The ICICI Ban /e"it Card can "e (sed for shoppin, at #ore than ?AA-AAA #erchants in India and ?7 #illion #erchants +orld+ide*

TRA>EL CAR/,
Presentin, ICICI Ban Tra)el Card* The =assle Free +ay to Tra)el the +orld* Tra)elin, +ith &S /ollar- F(ro- Po(nd Sterlin, or S+iss FrancsR Loo in, for sec(rity and con)enienceR ta e ICICI Ban Tra)el Card* Iss(ed in d(plicate* Offers the Pin "ased sec(rity* =as the con)enience of (sa,e of Credit or /e"it card*

PRE PAI/ CAR/S,

ICICI Ban "rin,s to yo( a co#plete "o(.(et of preIpaid cards pro)idin, pay#ent sol(tions at yo(r fin,ertips* ICICI Ban preI paid cards are a safe 8con)enient +ay for associate pay#entsdis"(rse#ents- ,iftin, 8 s#all tic et transactions* PreIpaid cards

%a(ra) Naran, B*B*A

<@

are a)aila"le on a 'ISA platfor# th(s pro)idin, accessi"ility to o)er one la h #erchant esta"lish#ents 8 cash +ithdra+al fro# all 'ISA AT0s in India*

IN>EST8ENTS
ICICI Ban cares a"o(t all needs* Alon, +ith /eposit prod(cts and Loan offerin,s- ICICI Ban assists people to #ana,e their finances "y pro)idin, )ario(s in)est#ent options ran,in, fro# ICICI Ban Ta5 Sa)in, Bonds to F.(ity In)est#ents thro(,h Initial P("lic Offers and In)est#ent in P(re %old* ICICI Ban facilitates follo+in, in)est#ent prod(cts$ ICICI Ban Ta5 Sa)in, Bonds %o)ern#ent of India Bonds In)est#ent in 0(t(al F(nds Initial P("lic Offers "y Corporate In)est#ent in EP(re %oldE Forei,n F5chan,e Ser)ices Senior Citi6ens Sa)in,s Sche#e- 4AA< C(sto#ers can in)est in a"o)e prod(cts thro(,h any of ICICI "an "ranches* For select prod(cts ICICI Ban also pro)ides the ease of in)estin, thro(,h electronic channels li e AT0s and Internet 1ICICIdirect*co#2

ICICI BAN9 BON/S

All ICICI Ban Bonds ha)e "een rated EAAAE "y CARF and ELAAAE "y ICRA indicatin, the hi,hest de,ree of safety for yo(r #oney* In)est#ent in ICICI Ban Bonds are eli,i"le for ta5 re"ate (nder Sec >> to the f(ll e5tent possi"le* Bonds are listed on BSF- NSF*

.OI BON/S
>J Sa)in,s Bonds 1Ta5a"le2- 4AA7* Lo+ ris *

%a(ra) Naran, B*B*A

BA

Reasona"le in)est#ent ten(re* No#ination facility a)aila"le* Cannot "e traded in secondary #ar et* Interest inco#e ta5a"le*

Mutu#l /un2s 0(t(al F(nds pool #oney of )ario(s in)estors to p(rchase a +ide )ariety of sec(rities +hile p(rs(in, a specific ,oal* Selection of Sec(rities for the p(rpose is done "y specialists fro# the field* Ret(rns ,enerated are distri"(ted to the In)estors* 0(t(al F(nd Co#panies offer )ario(s sche#es* In)estors can choose any partic(lar F(ndDSche#e or #i5 of F(ndsDSche#es dependin, (pon their perception to+ards ris * In)est#ent is done on the "asis of pre)ailin, Net Asset 'al(es of )ario(s sche#es* 0(t(al F(nds In)est#ents are s("ject to 0ar et Ris s*

(y8es o3 /un2s +ol2

ICICI Ban helps in)estor deter#ine +hich types of f(nds yo( need to #eet yo(r in)est#ent ,oals* This #ay incl(de the follo+in, types of f(nds$ !e<tA Li.(id sche#es- Inco#e sche#es- %Isec sche#es- 0onthly Inco#e Sche#es etc* *@uityA /i)ersified F.(ity Sche#es- Sector Sche#es- Inde5 Sche#es etc* Hy<ri2 /un2sA Balanced Sche#es- Special Sche#es I Pension Sche#es- Child ed(cation Sche#es etc* ICICI Ban helps in)estors identify an appropriate #i5 of 0(t(al F(nd sche#es for their portfolio (sin, asset allocation strate,ies* Thro(,h ICICI Ban in)estor can in)est in )ario(s sche#es of #(ltiple #(t(al f(nds +ith decent perfor#ance record* in)estor can ta e the aid of ICICI Ban 3s )ario(s research reports on #(t(al f(nds and their sche#es "efore choosin, a sche#e for in)est#ent* ICICI Ban offers in)est#ent in 0(t(al F(nds thro(,h 0(ltiple Channels* 9ith ICICI Ban - in)estor can in)est in 0(t(al F(nds thro(,h follo+in, channels* ICICI Ban Branches ICICI Ban AT03S ICICIdirect*co# And pro)ide a /edicated +or force to ser)e clients* Before "ein, dep(ted- o(r officers co#plete a co#prehensi)e trainin, pro,ra# andonce dep(ted- they recei)e thoro(,h instr(ctions in financial plannin, s ills and techni.(es

%a(ra) Naran, B*B*A

B?

Thro(,ho(t their careers officers also attend pro,ra#s to (pdate their s ills* All officers in char,e of 0(t(al F(nds are certified professionals "y A0FI 1Association of 0(t(al F(nds in India2 0any of these officers also hold professional de,rees li e I 0BA- CA- IC9A- and CFA etc*

ICICI eeps the in)estors (pdated on the latest happenin,s in the 0(t(al F(nd ind(stry and the )ario(s financial #ar ets thro(,h re,(lar electronic (pdates 1daily 8 +ee ly2 thro(,h F#ails* ICICI also send o(t a #onthly #a,a6ine on in)est#ents to their c(sto#ers*

Initia& 'ub&i+ o((e!in*" 0IPO1

In)estor can in)est in IPOs online thro(,h +++*icicidirect*co# +ith sa#e con)enience of in)estin, in e.(ities I hassleIfree and +ith 6ero paper +or * Also- ,et inIdepth analyses of ne+ IPOs iss(es 1Initial P("lic Offerin,s2 +hich are a"o(t to hit the #ar et* IPO calendar- recent IPO listin,s- prospect(sDoffer doc(#ents and li)e prices +ill help yo( eep on top of the IPO #ar ets*

ICICI Bank Pu!e .o&d

%old has "een traditionally the #ost fa)ored for# of in)est#ent for Indians* In fact- Indiae)en today is a#on,st the hi,hest cons(#ers of %old in the +orld* =o+e)er- the %old #ar et re#ains lar,ely (nor,ani6ed +ith relia"ility and con)enience re#ainin, the ey iss(es for ,old "(yers in the co(ntry*ICICI Ban +ith its [P(re %oldG offer atte#pts to "rid,e the ,ap "et+een the need of the c(sto#ers for "(yin, ,old and a)aila"ility of an or,ani6ed a)en(e to satisfy that need- "y ta in, care of the t+o ey co#ponents$I Relia"ility and Con)enience* Reli#<ility 4< Carat ICICI Ban P(re %old is i#ported fro# S+it6erland* This %old carries a @@*@@J Assay Certification- si,nifyin, hi,hest le)el of p(rity- as per international standards* %onvenience ICICI Ban P(re %old is co#petiti)ely priced "ased on daily prices in the international "(llion #ar et* C(rrently- ,old is a)aila"le in 4*B,- B,- >,- 4A, and BA, cate,ories*

-R)VA(* BANK)NG
Bene'its1
Comprehensive range of products and services ISa)in,s Acco(nt- Fi5ed /eposits- Rec(rrin, /eposits- S(ant(# Opti#a- C(rrent Acco(ntsIResident Forei,n C(rrency 1/o#estic2 Acco(nts etc*

%a(ra) Naran, B*B*A

B4

IAsset Prod(ctsI =o#e Loans- Car 8 Personal Loans- Loan A,ainst Sec(rities etc* IIn)est#entsI %o)ern#ent of India Bonds- 0(t(al F(nds- Capital %ain Bond etc* IIns(rance I9e" Trade and /e#at Acco(nts I%old Coins 8 B(rea( de Chan,e IInternational /e"it and Credit cards IAnd #any #ore**** E*clusivit& and Convenience I/edicated Officer ISeparate interaction area in the "ranch IAny+here Ban in, facility IF5cl(si)e Phone Ban in, ser)ice ICo#petiti)e Pricin, IRed(ced rates for prod(cts and ser)ices ISe)eral Co#pli#entary Offers I'al(eIlin ed "enefits Competitive !ricing IRed(ced rates for prod(cts and ser)ices ISe)eral Co#pli#entary Offers I'al(eIlin ed "enefits

SER>ICES

)NV*+(M*N( +*RV)%*+

Demat ervices
A /e#at Acco(nt allo+s e#ployees transact in shares instantaneo(sly in a safe and sec(re #anner*

Relief,onds-%utual.unds-Insurance
Salary Acco(nt c(sto#ers can no+ in)est in %o)ern#ent of India relief and sa)in,s "onds- a "as et of #(t(al f(nds- forei,n e5chan,e facilities and Ins(rance prod(cts thro(,h ICICI Ban *

/oldCoin
F#ployees can "(y 4< arats P(re %old- +hich ICICI Ban "rin,s to yo(* Fach coin

%a(ra) Naran, B*B*A

B7

co#es to yo( strai,ht fro# S+it6erland* Refined to @@*@@J fine ,old and sealed +ith a (ni.(e Certificate of A(thencityI ,(aranteein, yo( its p(rity*

/.R*H +*RV)%*+
ICICI Ban Gs Forei,n F5chan,e Ser)ices +ill help yo( or,ani6e yo(r forei,n e5chan,e in the #ost hassle free #anner* 9hether its Forei,n C(rrency- Tra)elers Che.(es or Tra)el CardICICI Ban Forei,n F5chan,e Ser)ices is a oneIstop sol(tion to yo(r forei,n e5chan,e re.(ire#ent.

NR) +*RV)%*+
9here)er people #ay "e- in India or a"road- ICICI Ban has created a +ide ran,e of prod(cts and ser)ices that pro)ide c(sto#ers co#plete financial sol(tions* =elpin, the# to #a e the ri,ht decisions at the ri,ht ti#e and can "e rest ass(red that they are in the safe and tr(st+orthy hands of ICICI "an * Deposit !roducts0

?* (RE 'ccount* An NRI can open a NonIResident F5ternal Acco(nt1NRF Acco(nt2+ith any
"an in India* The acco(nt not only lets c(sto#ers #ana,e their #oney that they earn in India 1as per#itted "y FF0A Re,(lations2 "(t also of the #oney earned a"road* The #oney in the acco(nt and the interest earned on it can "e sent "ac o(tside India +itho(t any a(thori6ation fro# RBI* The Acco(nt can "e opened and f(nded in any per#issi"le c(rrency- and is later con)erted into Indian R(pees* This Acco(nt offers d(al "enefits of hi,h ret(rns as offered "y the fi5ed deposits and li.(idity as offered "y the sa)in,s acco(nt* The Acco(nt helps c(sto#ers ta e care of all their financial needs- .(ic ly and con)eniently* In addition to attracti)e r(pee interest rates c(sto#ers ,et free #oney transfers- easy access for the c(sto#er as +ell as for hisDher fa#ily "ac in India- and a free #andate card for the lo)ed ones in India* 4 * (RO 'ccount0 The NonIResident Ordinary Acco(nt 1NRO Acco(nt2 allo+s c(sto#ers to hold the #oney they ha)e earned in India s(ch as rent- di)idends- pensions etc* They can open the acco(nt and can f(nd it in any per#issi"le c(rrency and is later con)erted into Indian R(pees* NRO acco(nt offers attracti)e e5chan,e rates (pon con)ersion of forei,n c(rrency into Indian R(pees* This acco(nt to offers hi,h ret(rns and li.(idity* =o+e)er- the interest earned on the principal a#o(nt in the acco(nt can "e sent "ac after the ded(ctions of ta5 in India* 1+ .C(R 'ccount0A Forei,n C(rrency Non Resident Acco(nt 1FCNR Acco(nt2 allo+s c(sto#ers to #aintain f(nds as Ter# /eposits in )ario(s forei,n c(rrencies- there"y ,(ardin, c(sto#ers a,ainst fl(ct(atin, e5chan,e rates* &nder this acco(nt "oth the principal a#o(nt and the interest can "e sent "ac f(lly- and are ta5a"le in India* The ten(res ran,e fro# ?4 to 7C #onth

%a(ra) Naran, B*B*A

B<

2+ R.C 'ccount0 By openin, a Resident Forei,n C(rrency Acco(nt 1RFC Acco(nt2 c(sto#ers can #aintain f(nds as Ter# deposits in )ario(s forei,n c(rrencies e)en after they ha)e ret(rned to India* Both the principal and the interest can "e re#itted o(tside India* The ten(res ran,e fro# ?#onth to 7C#onths*

Ad i"o!# Se! i+e"

Pri)ate F.(ity Place#ent ICICI Ban Gs S#all Fnterprises %ro(pGs 1SF%2 In)est#ent Ban in, tea# is dedicated to pro)ide yo( niche and e5cl(si)e in)est#ent "an in, ser)ices* ("e )%)%) B#n0 *2 e

%#8it#l R#isin At ti#es for a ,ro+in, co#pany- the a#o(nt of capital that a pro#oter can inf(se in the "(siness "eco#es li#ited* B(sinesses can "e self s(fficient for capital needs in their nascent and initial ,ro+th phases* =o+e)er to #eet e5pansion and ,ro+th planse5ternal capital is i#perati)e* 9e at ICICI Ban - +ith o(r lendin, e5perience- f(lly (nderstand this and help clients raise e.(ity to f(nd ,ro+th* 9e ha)e de)eloped a stron, net+or of do#estic and international in)estors +ho are een to partner +ith s(ch s(ccess stories in India and these players solicit o(r ad)ice for in)estin, into s(ch co#panies* * Buy An2 +ell +i2e A2visory Inor,anically addin, ,ro+th to a "(siness or hi)in, off nonIcore acti)ities or opport(nity to reali6e ri,ht )al(e for the "(siness created or an instance of ta in, a co#pany on a "i,,er scale are the +ays to strate,i6e today* 9e at ICICI Ban pro)ide assistance on "oth "(y side and sell side transaction* 9ith a lar,e client franchise "(ilt- #ore than ?A-AAA asset clients and international lin a,es in de)eloped econo#ies- ICICI Ban can "rin, in the "est syner,y partner to concl(de a sell side or "(y side ad)isory assi,n#ent* +8eci#l +itu#tion +olutions Bac ed "y instit(tional le,acy- inIdepth (nderstandin, and lin a,es +ith ey sta eholders in the process of t(rnaro(nd- ICICI Ban Gs In)est#ent Ban in, tea# can desi,n sol(tions for special sit(ations li e C/R- BIFR- OTS- etc* Co(nt on (s to t(rn aro(nd the capital str(ct(re of yo(r co#pany and "rin, in additional capital for ,ro+th*

On&ine Se! i+e"

%a(ra) Naran, B*B*A BB

ICICI Ban pro)ides a )ariety of online ser)ices*no+ these is no need of +al in, (p to the "an "ranch- e)ery ti#e yo( need to do yo(r "an in,* As yo( can do a lot of it online* Fro# payin, yo(r "ills to transferrin, f(nds- "oo in, yo(r railDair tic ets- shoppin,- sendin, a #oney order and doin, lots #ore*

A7AR/S ? RECO.NITION
For the third year in a ro+ ICICI Ban has +on The Asset Triple A Co(ntry A+ards for Best /o#estic Ban in India*

ICICI Ban +on the 0ost Ad#ired Kno+led,e Fnterprises 10AKF2 India 4AA@ A+ard* ICICI Ban +on the first place in E0a5i#i6in, Fnterprise Intellect(al CapitalE cate,ory- Octo"er 4>- 4AA@*

0s Chanda Kochhar- 0/ and CFO +as a+arded +ith the Indian B(siness 9o#en Leadership A+ard at N/T' Profit B(siness Leadership A+ards - Octo"er 4C- 4AA@*

ICICI Ban recei)ed t+o a+ards in CNBC A+aa6 Cons(#er A+ardsR one for the #ost preferred a(to loan and the other for #ost preferred credit Card- on Septe#"er 7A- 4AA@*

0s* Chanda Kochhar- 0ana,in, /irector 8 CFO ran ed in the top 4A of the 9orldGs ?AA 0ost Po+erf(l 9o#en list co#piled "y For"es- A(,(st 4AA@*

Financial F5press at its FF IndiaGs Best Ban s A+ards- hono(red 0r* K*'* Ka#ath- Chair#an +ith the Lifeti#e Achie)e#ent A+ard - H(ly 4B- 4AA@*

ICICI Ban +on Asset Triple A In)est#ent A+ards for the Best /eri)ati)e =o(se- India* In addition ICICI Ban +ere =i,hly co##ended - Local C(rrency Str(ct(red prod(ct- India for ?*B year A/R %/R lin ed

%a(ra) Naran, B*B*A

BC

Ran,e Accr(al Note*- H(ly 4AA@*

ICICI "an +on in three cate,ories at 9orld finance Ban in, a+ards on H(ne ?C- 4AA@ W Best NRI Ser)ices "an W F5cellence in Pri)ate Ban in,- APAC Re,ion W F5cellence in Re#ittance B(siness- APAC Re,ion*

ICICI Ban 0o"ile Ban in, +as adj(d,ed EBest Ban A+ard for Initiati)es in 0o"ile Pay#ents and Ban in,E "y I/RBT- on 0ay ?>- 4AA@ in =ydera"ad*

ICICI Ban Gs "4 "ranchfree "an in, +as adj(d,ed EBest FIBan in, Project I#ple#entation A+ard 4AA>E "y The Asian Ban er- on 0ay ??- 4AA@ at the China 9orld =otel in Beijin,*

ICICI Ban "a,s the Best "an in S0F financin, 1Pri)ate Sector2! at the /(n 8 Bradstreet Ban in, a+ards 4AA@* ICICI Ban NRI ser)ices +ins the F5cellence in B(siness 0odel Inno)ation A+ard! in the ei,hth Asian Ban er F5cellence in Retail Financial Ser)ices A+ards Pro,ra##e*

ICICI Ban Gs R(ral 0icro Ban in, and A,riIB(siness %ro(p +ins 9O9 F)ent 8 F5periential 0ar etin, A+ard in t+o cate,ories I R(ral 0ar etin, pro,ra##e of the year! and S#all B(d,et On %ro(nd Pro#otion of the Year!* These a+ards +ere ,i)en for Cattle Loan GKa#dhen( Ca#pai,nG and GTal ies on the #o)e ca#pai,nG respecti)ely*

ICICI Ban Gs %er#any Branch has "een certified "y Stift(n, 9arrentest!* ICICI Ban is ran ed 4nd a#on,st B; sa)in,s prod(cts across ?@ "an s

ICICI Ban %er#any +on the yearly "an in, test of the in)estor #a,a6ine \(ro in the call #oney!cate,ory*

The ICICI Ban +as a+arded the r(nnerGs (p position in %artner B(siness Intelli,ence and F5cellence A+ard for Asia Pacific for its B(siness Intelli,ence f(nctions*

ICICI Ban Gs Or,anisational F5cellence %ro(p +as recently a+arded ISO @AA?$4AA> certification "y T&' Nord* The scope of certification co#prised processes aro(nd cons(ltin, and capa"ility "(ildin, on #ethods of .(ality 8 i#pro)e#ents*

ICICI Ban has "een a+arded the follo+in, titles (nder The Asset Triple A Co(ntry A+ards for 4AA@$

%a(ra) Naran, B*B*A

B;

W Best Transaction Ban in India W Best Trade Finance Ban in India W Best Cash 0ana,e#ent Ban in India W Best /o#estic C(stodian in India ICICI Ban has "a,,ed the Best Cash 0ana,e#ent Ban in India a+ard for the second year in a ro+* The other a+ards ha)e "een "a,,ed for the third year in a ro+*

ICICI Ban Canada recei)ed the presti,io(s Canadian =elen Keller A+ard at the Canadian =elen Keller CentreGs Fifth Ann(al L(ncheon in Toronto* The a+ard +as ,i)en to ICICI Ban its lon,Istandin, s(pport to this (ni.(e trainin, centre for people +ho are deafI"lind*

%a(ra) Naran, B*B*A

B>

Chapter 1

RESEARCH 8ETHO/OLO.Y

Re"ea!+% met%odo&o*#
The proced(re adopted for cond(ctin, the research re.(ires a lot of attention as it has direct "earin, on acc(racy- relia"ility and ade.(acy of res(lts o"tained* It is d(e to this reason that research #ethodolo,y- +hich +e (sed at the ti#e of cond(ctin, the researchneeds to "e ela"orated (pon* It #ay "e (nderstood as a science of st(dyin, ho+ research is done scientifically* So- the research #ethodolo,y not only tal s a"o(t the research #ethods "(t also considers the lo,ic "ehind the #ethod (sed in the conte5t of the research st(dy* Research 0ethodolo,y is a +ay to syste#atically st(dy and sol)e the research pro"le#s* If a researcher +ants to clai# his st(dy as a ,ood st(dy- he #(st clearly state the #ethodolo,y adapted in cond(ctin, the research the research so that it +ay "e j(d,ed "y the reader +hether the #ethodolo,y of +or done is so(nd or not* %a(ra) Naran, B*B*A B@

("e Rese#rc" Met"o2olo y "ere inclu2esA6

O"jecti)e of st(dy

0eanin, of Research* Research Pro"le#* Research /esi,n* /ata Collection #ethod* Analysis and interpretation of /ata Li#itation of st(dy

OBJECTI>E OF THE ST-/Y

O"jecti)es are the ends that states specifically ho+ ,oal "e achie)ed* F)ery st(dy #(st ha)e an o"jecti)e for +hich all the efforts ha)e "een done* 9itho(t o"jecti)e no research can "e cond(cted and no res(lt can "e o"tained* On the "asis of o"jecti)e all the research process is follo+ed* O"jecti)es are the #ain aspect of e)ery st(dy* The o"jecti)e of the st(dy ,i)es direction to ,o thro(,h the research pro"le#* It ,(ides the researcher and eeps hi# on trac * I ha)e t+o o"jecti)es re,ardin, #y research project* These are sho+n "elo+ $I ?* Pri#ary o"jecti)e 4* Secondary o"jecti)e
4. -ri$#ry o<Iective A6

%a(ra) Naran, B*B*A

CA

?2 To st(dy the soft+are (sed in ICICI Ban * 42 To analyse the financial state#ents of the corporation to assess it3s tr(e financial position "y the (se of ratios* 2. +econ2#ry o<Iective A6 ?2 To find o(t the shortco#in,s in ICICI Ban * 42 To see +hether ICICI Ban is ,oin, +ell or not in different areas*

I8PORTANCE OF THE ST-/Y

By FINANCIAL PFRFOR0ANCF ANALYSIS OF ICICI Ban ! +e +o(ld "e a"le to ,et a fair pict(re of the financial position of ICICI Ban * By sho+in, the financial perfor#ance to )ario(s lenders and creditors it is possi"le to ,et credit in easy ter#s if ,ood financial condition is #aintained in the co#pany +ith assets o(t+ei,hin, the lia"ilities* Protectin, the property of the "(siness* Co#pliances +ith le,al re.(ire#ent*

8eanin* o( Re"ea!+%,
Research is defined as a scientific and syste#atic search for pertinent infor#ation on a specific topic!* Research is an art of scientific in)esti,ation* Research is a syste#ati6ed effort to ,ain no+ no+led,e* It is a caref(l in)esti,ation or in.(iry especially thro(,h search for ne+ facts in any "ranch of no+led,e* Research is an acade#ic acti)ity and this ter# sho(ld "e (sed in a technical sense* Research co#prises definin, and redefinin, pro"le#s- for#(latin, hypothesis or s(,,ested sol(tions* 0a in, ded(ctions and reachin, concl(sions to deter#ine +hether they if the for#(latin, hypothesis* Research is th(s- an ori,inal contri"(tion to the e5istin, stoc of no+led,e #a in, for its ad)ance#ent* The search for no+led,e thro(,h o"jecti)e and syste#atic #ethod of findin, sol(tions to a pro"le# is research*

%a(ra) Naran, B*B*A

C?

 Re"ea!+% P!ob&em
The first step +hile cond(ctin, research is caref(l definition of Research Pro"le#* To FRR IS T=F =&0AN! is a pro)er" +hich indicates that no one is perfect in this +orld* F)ery researcher has to face #any pro"le#s+hich cond(ctin, any research that3s +hy pro"le# state#ent is defined to no+ +hich type of pro"le#s a researcher has to face +hile cond(ctin, any st(dy* It is said thatJ-ro<le$ 1ell 2e3ine2 is 8ro<le$ "#l3 solve2.K Basically- a pro"le# state#ent refers to so#e diffic(lty- +hich researcher e5periences in the conte5t of either a theoretical or practical sit(ation and +ants to o"tain the sol(tion for the sa#e* The pro"le# state#ent here is$I
JTO

8A9E A FINANCIAL ANALYSIS OF FINANCIAL STATE8ENTS OF ICICI BAN9

Re"ea!+% /e"i*n
A research desi,ns is the arran,e#ent of conditions for collection and analysis data in a #anner that ai#s to co#"ine rele)ance to the research p(rpose +ith econo#y in proced(re* Research /esi,n is the concept(al str(ct(re +ith in +hich research in cond(cted* It constit(tes the "l(eprint for the collection #eas(re#ent and analysis of data* Research /esi,n incl(des and o(tline of +hat the researcher +ill do for# +ritin, the hypothesis and it operational i#plication to the final analysis of data* A research desi,n is a fra#e+or for the st(dy and is (sed as ,(ide in collection and analy6in, the data* It is a strate,y specifyin, +hich approach +ill "e (sed for ,atherin, and analy6in, the data* It also incl(de the ti#e and cost "(d,et since #ost st(dies are done (nder these t+o cost "(d,et since #ost st(dies are done (nder theses to+ constraints* The desi,n is s(ch st(dies #(st "e ri,id and not fle5i"le and #ost foc(s attention on the follo+in,$I %a(ra) Naran, B*B*A C4

9hat is the st(dy a"o(tX 9hy is the st(dy "ein, #adeX 9here +ill the st(dy "e carried o(tX 9hat type of data is re.(iredX 9here can "e re.(ired data "e fo(ndX 9hat period of ti#e +ill the st(dy incl(deX 9hat +ill "e sa#ple desi,nX 9hat techni.(es of data collection +ill "e (sedX =o+ +ill the data "e analy6edX In +hat style +ill the report "e preparedX

()P,! O$ *,!,A*C% D,!IGN 1

*H-*R)M*N(AL R*+*AR%H !*+)GN *H-L.RA(.R> R*+*AR%H !*+)GN !*+%R)-()V*C !)AGN.+()% R*+*AR%H *?8lor#tory Rese#rc" !esi nA This research desi,n is preferred +hen researcher has a )a,(e idea a"o(t the pro"le# the researcher has to e5plore the s("ject* *?8eri$ent#l Rese#rc" !esi n L The research desi,n is (sed to pro)ide a stron, "asis for the e5istence of cas(al relationship "et+een t+o or #ore )aria"les* !escri8tive Rese#rc" !esi n L It see s to deter#ine the ans+ers to +ho- +hat- +here+hen and ho+ .(estions* It is "ased on so#e pre)io(s (nderstandin, of the #atter* !i# nostic Rese#rc" !esi n It deter#ines the fre.(ency +ith +hich so#ethin, occ(rs or its association +ith so#ethin, else*

*,!,A*C% D,!IGN +!,D IN (%, !(+D)1

/escripti)e research desi,n is (sed in this st(dy "eca(se it +ill ens(re the #ini#i6ation of "ias and #a5i#i6ation of relia"ility of data collected* /escripti)e st(dy is "ased on so#e pre)io(s (nderstandin, of the topic* Research has ,ot a )ery specific o"jecti)e and clear c(t data re.(ire#ents The researcher had to (se fact and infor#ation already a)aila"le thro(,h financial state#ents of earlier years and analyse these to #a e critical e)al(ation of the a)aila"le #aterial* =ence "y #a in, the type of the research cond(cted to "e "oth !escri8tive and An#lytic#l in nat(re* Fro# the st(dy- the type of data to "e collected and the proced(re to "e (sed for this p(rpose +ere decided*

%a(ra) Naran, B*B*A

C7

 /ata Co&&e+tion 8et%od

The process of data collection "e,ins after a research pro"le# has "een defined and research desi,n ahs "een chal ed o(t* There are t+o types of data P -R)MAR> !A(A 6 It is first hand data- +hich is collected "y researcher itself* Pri#ary data is collected "y )ario(s approaches so as to ,et a precise- acc(rate- realistic and rele)ant data* The #ain tool in ,atherin, pri#ary data +as in)esti,ation and o"ser)ation* It +as achie)ed "y a direct approach and o"ser)ation fro# the officials of the co#pany* +*%.N!AR> !A(A 6 it is the data +hich is already collected "y so#eone else* Researcher has to analy6e the data and interprets the res(lts* It has al+ays "een i#portant for the co#pletion of any report* It pro)ides relia"le- s(ita"le- ade.(ate and specific no+led,e*

()P, O$ DA(A +!,D IN (%, !(+D)

The re.(ired data for the st(dy are "asically secon2#ry in nat(re and the data are collected fro# The a(dited reports of the co#pany* INTFRNFT P +hich incl(des re.(ired financial data collected for# ICICI Ban 3s official +e"site i*e +++*icici*co# and so#e other +e"sites on the internet for the p(rpose of ,ettin, all the re.(ired financial data of the "an and to ,et detailed no+led,e a"o(t ICICI Ban for the con)enience of st(dy* Bro(chers of ICICI Ban * The )al(a"le cooperation e5tended "y staff #e#"ers and the "ranch #ana,er of ICICI "an -dhar#shala contri"(ted a lot to f(lfill the re.(ire#ents in the collection of data in order to co#plete the project*

8et%od" o( data ana&#"i"

The data collected +ere edited- classified and ta"(lated for analysis* The analytical tools (sed in this st(dy are$ ANAL>()%AL (..L+ A--L)*!A The st(dy e#ploys the follo+in, analytical tools$ 4. Co#parati)e state#ent* 2. Trend Percenta,e* 3. Ratio Analysis* %a(ra) Naran, B*B*A C<

4. Cash Flo+ State#ent*

Limitation" o( "tud#
/iffic(lty in data collection* Li#ited no+led,e a"o(t the "an in the initial sta,es* Branch #ana,er +as rel(ctant for ,i)in, financial data of the "an * The analysis and interpretation are "ased on secondary data contained in the p("lished ann(al reports of ICICI Ban for the st(dy period* /(e to the li#ited ti#e a)aila"le at the disposa"le - the st(dy has "een confined for a period of B years 14AABI4AA@2* Ratio itself +ill not co#pletely sho+ the co#pany3s ,ood or "ad financial position* Inter fir# co#parison +as not possi"le d(e to the non a)aila"ility of co#petitors data* The st(dy of financial perfor#ance can "e only a #eans to no+ a"o(t the financial condition of the co#pany and cannot sho+ a thro(,h pict(re of the acti)ities of the co#pany

%a(ra) Naran, B*B*A

CB

Chapter 2

FINANCIAL ANALYSIS

INTRO/-CTION OF THE TOPIC

8eanin* O( Finan+ia& Statement"
Financial state#ents refer to s(ch state#ents +hich contains financial infor#ation a"o(t an enterprise* They report profita"ility and the financial position of the "(siness at the end of acco(ntin, period* The tea# financial state#ent incl(des at least t+o state#ents +hich the acco(ntant prepares at the end of an acco(ntin, period* The t+o state#ents are$ I %a(ra) Naran, B*B*A CC

("e B#l#nce +"eet -ro3it An2 Loss Account

They pro)ide so#e e5tre#ely (sef(l infor#ation to the e5tent that "alance Sheet #irrors the financial position on a partic(lar date in ter#s of the str(ct(re of assets- lia"ilities and o+ners e.(ity- and so on and the Profit And Loss acco(nt sho+s the res(lts of operations d(rin, a certain period of ti#e in ter#s of the re)en(es o"tained and the cost inc(rred d(rin, the year* Th(s the financial state#ent pro)ides a s(##ari6ed )ie+ of financial positions and operations of a fir#*

8eanin* O( Finan+ia& Ana&#"i"

The ter# 3in#nci#l #n#lysis is also no+n as Q#n#lysis #n2 inter8ret#tion o3 3in#nci#l st#te$ents9 refers to the process of deter#inin, financial stren,th and +ea ness of the fir# "y esta"lishin, strate,ic relationship "et+een the ite#s of the Balance Sheet- Profit and Loss acco(nt and other operati)e data* The first tas of financial analysis is to select the infor#ation rele)ant to the decision (nder consideration to the total infor#ation contained in the financial state#ent* The second step is to arran,e the infor#ation in a +ay to hi,hli,ht si,nificant relationship* The final step is interpretation and dra+in, of inference and concl(sions* Financial state#ent is the process of selection- relation and e)al(ation*

Featu!e" o( Finan+ia& Ana&#"i"

o To present a co#ple5 data contained in the financial state#ent in si#ple and (nderstanda"le for#* o To classify the ite#s contained in the financial state#ent in con)enient and rational ,ro(ps*
o To #a e co#parison "et+een )ario(s ,ro(ps to dra+ )ario(s concl(sions*

Pu!'o"e o( Ana&#"i" o( (inan+ia& "tatement"

To no+ the earnin, capacity or profita"ility* To no+ the sol)ency* To no+ the financial stren,ths* To no+ the capa"ility of pay#ent of interest 8 di)idends*

%a(ra) Naran, B*B*A

C;

To #a e co#parati)e st(dy +ith other fir#s* To no+ the trend of "(siness* To no+ the efficiency of #,t* To pro)ide (sef(l infor#ation to #,t*

P!o+edu!e o( Finan+ia& Statement Ana&#"i"

The follo+in, proced(re is adopted for the analysis and interpretation of financial state#ents$I The analyst sho(ld ac.(aint hi#self +ith principles and post(lated of acco(ntin,* =e sho(ld no+ the plans and policies of the #ana,e#ent so that he #ay "e a"le to find o(t +hether these plans are properly e5ec(ted or not* The e5tent of analysis sho(ld "e deter#ined so that the sphere of +or #ay "e decided* If the ai# is find o(t* Farnin, capacity of the enterprise then analysis of inco#e state#ent +ill "e (nderta en* On the other hand- if financial position is to "e st(died then "alance sheet analysis +ill "e necessary* The financial data "e ,i)en in state#ent sho(ld "e reco,ni6ed and rearran,ed* It +ill in)ol)e the ,ro(pin, si#ilar data (nder sa#e heads* Brea in, do+n of indi)id(al co#ponents of state#ent accordin, to nat(re* The data is red(ced to a standard for#* A relationship is esta"lished a#on, financial state#ents +ith the help of tools 8 techni.(es of analysis s(ch as ratios- trends- co##on si6e- f(nd flo+ etc* The infor#ation is interpreted in a si#ple and (nderstanda"le +ay* The si,nificance and (tility of financial data is e5plained for help in decision #a in,* The concl(sions dra+n fro# interpretation are presented to the #ana,e#ent in the for# of reports*

T#'e" O( Finan+ia& Ana&#"i"

There are different +ays of analysis the financial state#ents$

4. .n ("e B#sis .3 -rocess .3 An#lysis

#' HoriFont#l An#lysisA This is (sed +hen the financial state#ent of a n(#"er of years are to "e analysed* S(ch analysis indicates the trends and the increase or %a(ra) Naran, B*B*A C>

decrease in )ario(s ite#s not only in a"sol(te fi,(res "(t also in percenta,e for#* This analysis indicates the stren,ths and +ea nesses of the fir#* This analysis is also called as dyna#ic analysis "eca(se it also sho+s the trend of the "(siness* <' Vertic#l An#lysis A This is (sed +hen financial state#ents of a partic(lar year or on a partic(lar date are analy6ed* For this type of analysis +e ,enerally (se co##on si6e state#ents and the ratio analysis* It in)ol)es a st(dy of .(antitati)e relationship a#on, )ario(s ite#s of "alance sheet and profit and loss acco(nt* This type of analysis is static analysis "eca(se this is "ased on the financial res(lts of one year* 'ertical analysis is (sef(l +hen +e ha)e to co#pare the perfor#ance of different depart#ents of the sa#e co#pany* A#on, these t+o types of analysis- hori6ontal analysis is #ore (sef(l "eca(se it "rin,s o(t #ore clearly the trends of +or in, of a fir#* This ,i)es (s #ore concrete "ases for f(t(re plannin,*

2. .n ("e B#sis .3 )n3or$#tion Av#il#<le #' )ntern#l An#lysisA This analysis is "ased on the infor#ation a)aila"le to the
"(siness fir# only *=ence internal analysis is #ade "y the #ana,e#ent* Internal analysis is #ore relia"le and helpf(l for financial decisions*

<' *?tern#l An#lysis A This analysis is #ade on the "asis of p("lished

state#ents-reports and infor#ations* This analysis is #ade "y e5ternal parties s(ch as creditors-in)estors-"an s-financial analysis etc* e5ternal analysis is less relia"le in co#parison to internal analysis "eca(se of li#ited and often inco#plete infor#ation*

3. .n ("e B#sis .3 Nu$<er .3 /ir$s

#' )nter6/ir$ An#lysis A 9hen financial analysis of t+o or #ore co#panies or fir#s are analy6ed and co#pared o)er a n(#"er of acco(ntin, period- it is called interIfir# analysis* "' )ntr# 6/ir$ An#lysis A intraIfir# analysis is concerned +ith the analysis of financial perfor#ance of different (nits or depart#ents or se,#ents of the sa#e enterprise or co#pany* Si#ilarly +hen financial state#ents of t+o or #ore years of the sa#e fir# are analy6ed and co#pared it is also called as intraIfir# analysis*

4. .n ("e B#sis .3 .<Iectives #' Accountin An#lysisA Acco(ntin, analysis is analysis of past financial perfor#ance
and in)ol)es e5a#inin, ho+ ,enerally accepted acco(ntin, principles and con)entions ha)e "een applied in arri)in, at the )al(es of assets- lia"ilities- re)en(es and e5penses*

%a(ra) Naran, B*B*A

C@

<' -ros8ective An#lysis A Prospecti)e analysis in)ol)es de)elopin, forecasted financial state#ents eepin, in )ie+ the chan,es that are li ely to shape and affect the "(siness ,i)en the ass(#ptions a"o(t these chan,es and the li#itation of the forecastin, techni.(e (sed* This is .(ite co#plicated analysis*

8et%od"CToo&" O( Finan+ia& Ana&#"i"

A n(#"er of #ethods can "e (sed for the p(rpose of analysis of financial state#ents* These are also ter#ed as techni.(es or tools of financial analysis* O(t of these- and enterprise can choose those techni.(es +hich are s(ita"le to its re.(ire#ents* The principal techni.(es of financial analysis are$I a* "* c* d* e* f* ,* a. Co#parati)e financial state#ents Co##onIsi6e state#ents Trend analysis Ratio analysis F(nds flo+ analysis Cash flo+ analysis Brea e)en point analysis

Com'a!ati e Finan+ia& Statement",

9hen financial state#ents fi,(res for t+o or #ote years are placed sideIside to facilitate co#parison- these are called Qco#parati)e Financial State#ents3* S(ch state#ents not only sho+ the a"sol(te fi,(res of )ario(s years "(t also pro)ide for col(#ns to indicate to increase ort decrease in these fi,(res fro# one year to another* In addition- these state#ents #ay also sho+ the chan,e fro# one year to another on percenta,e for#* S(ch cooperati)e state#ents are of ,reat )al(e in for#in, the opinion re,ardin, the pro,ress of the enterprise* .<Iectives 8ur8ose or si ni3ic#nce o3 co$8#r#tive 3in#nci#l st#te$ents
?*To si#plify data

4*To #a e inter periodDinterIfir# co#parison 7*To indicate the trends <*To ena"le forecastin, B*To indicate the stren,ths and +ea nesses of the fir# C*To co#pare the perfor#ance ;*To analyse e5penses >*To analyse profits

(ools 3or co$8#rison o3 3in#nci#l st#te$ents

Co#parati)e financial state#ent is a tool of financial analysis that depicts chan,e in each ite# of the financial state#ent in "oth a"sol(te a#o(nt and percenta,e ter#- ta in, the ite# in precedin, acco(ntin, period as "ase* %a(ra) Naran, B*B*A ;A

Co#parison and analysis of financial state#ents #ay "e carried o(t (sin, the follo+in, tools$ ?*%o$8#r#tive B#l#nce +"eet A The co#parati)e "alance sheet sho+s increase and decrease in a"sol(te ter#s as +ell as percenta,es -in )ario(s assets -lia"ilities and capital* A co#parati)e analysis of "alance sheets of t+o periods pro)ides infor#ation re,ardin, pro,ress of the "(siness fir#* The #ain p(rpose of co#parati)e "alance sheet is to #eas(re the shortI ter# and lon,I ter# sol)ency position of the "(siness* 2. %o$8#r#tive )nco$e +t#te$ent A Co#parati)e inco#e state#ent is prepared "y ta in, fi,(res of t+o or #ore than t+o acco(ntin, periods-to ena"le the analyst to ha)e definite no+led,e a"o(t the pro,ress of the "(siness*Co#partati)e inco#e state#ents facilitate the hori6ontal analysis since each acco(ntin, )aria"le is analysed hori6ontally* b. Common5 Si@e Statement", Co##on si6e state#ents are s(ch state#ents in +hich the ite#s of financial state#ents are co)ered into percenta,e of co##on "ase* In co##onIsi6e inco#e state#ent- "y ass(#in, net sales as ?AA1i*e J2and other indi)id(al ite#s are con)erted as percenta,e of this* Si#ilarly- in co##on Psi6e "alance sheet -total assets are ass(#ed to "e ?AA 1i*e J2 and indi)id(al assets are e5pressed as percenta,e*

.<Iectives o3 co$$on siFe st#te$ents ?* Presentin, the chan,e in )ario(s ite#s in relation to total assets or total lia"ilities or net sales* 4* Fsta"lishin, a relationship* 7* Pro)idin, a co##on "ase for co#parison*

(y8es o3 co$$on siFe st#te$ents ?* %o$$on6+iFe B#l#nce +"eet A A co##on Psi6e "alance sheet is a state#ent in +hich total of assets or lia"ilities is ass(#ed to "e e.(al to ?AA and all the fi,(res are e5pressed as percenta,e of the total* That is +hy it is no+n as percenta,e "alance sheet* Co##onIsi6e "alance sheet facilitate the )ertical analysis since each ite# of the Balance Sheet is analy6ed )ertically*

%a(ra) Naran, B*B*A

;?

4* %o$$on6+iFe )nco$e +t#te$entA Co##onIsi6e inco#e state#ent is a state#ent in +hich the fi,(res of net sales is ass(#ed to "e e.(al to ?AA and all other fi,(res of profit and loss ADc! are e5pressed as percenta,e of net sales*this state#ent facilitate the )ertical analysiss since each acco(ntin, )aria"le is analy6ed )ertically* One can dra+ concl(sion- re,ardin, the "eha)io(r of e5penses o)er period of ti#e "y e5a#inin, these percenta,es*

c. T!end Ana&#"i",
Trend percenta,e are )ery (sef(l is #a in, co#parati)e st(dy of the financial state#ents for a n(#"er of years* These indicate the direction of #o)e#ent o)er a lon, tine and help an analyst of financial state#ents to for# an opinion as to +hether fa)ora"le or (nfa)ora"le tendencies ha)e de)eloped* This helps in f(t(re forecasts of )ario(s ite#s* For calc(latin, trend percenta,es any year #ay "e ta en as the Q"ase year3* Fach ite# of "ease year is ass(#ed to "e e.(al to ?AA and on that "asis the percenta,e of ite# of each year calc(lated*

d. Ratio Ana&#"i",
8eanin* ,
A"sol(te fi,(res e5pressed in financial state#ents "y the#sel)es are #eanin,f(lness* These fi,(res often do not con)ey #(ch #eanin, (nless e5pressed in relation to other fi,(res* Th(s- it can "e say that the relationship "et+een t+o fi,(res- e5pressed in arith#etical ter#s is called a ratio*

Accor2in to R.N. Ant"ony.K

JA r#tio is si$8ly one nu$<er e?8resse2 in ter$s o3 #not"er. )t is 3oun2 <y 2ivi2in one nu$<er into t"e ot"er.K

TYPES OF RATIOS
?* Proportion or P(re Ratio or Si#ple ratio* 4* Rate or so #any Ti#es* 7* Percenta,e %a(ra) Naran, B*B*A ;4

<* Fraction* .BJ*%(+ AN! A!VAN(AG*+ .R U+*+ ./ RA(). ANAL>+)+ ?* 4* 7* <* B* C* ;* >* @* =elpf(l in analysis of financial state#ents* Si#plification of acco(ntin, data* =elpf(l in co#parati)e st(dy* =elpf(l in locatin, the +ea spots of the "(siness* =elpf(l in forecastin, Fsti#ate a"o(t the trend of the "(siness Fi5ation of ideal standards Fffecti)e control St(dy of financial so(ndness*

L)M)(A().N ./ RA(). ANAL>+)+

?* False acco(ntin, data ,i)es false ratios 4* Co#parisons not possi"le of different fir#s adopt different 7* acco(ntin, policies* <* Ratio analysis "eco#es less effecti)e d(e to price le)el B* chan,e C* Ratios #ay "e #isleadin, in the a"sence of a"sol(te data* ;* Li#ited (se of a sin,le Ratio* >* 9indo+I/ressin, @* Lac of proper standards* ?A* Ratio alone are not ade.(ate for proper concl(sions ??* Fffect of personal a"ility and "ias of the analyst*

CLASSIFICATION OF RATIOS
In )ie+ of the financial #ana,e#ent or accordin, to the tests satisfied)ario(s ratios ha)e "een classifieds as "elo+$ Li@ui2ity R#tios A These are the ratios +hich #eas(re the shortIter# sol)ency or financial position of a fir#* These ratios are calc(lated to co##ent (pon the shortIter# payin, capacity of a concern or the fir#3s a"ility to #eet its c(rrent o"li,ations* Lon L(er$ +olvency #n2 Lever# e R#tios A Lon,Iter# sol)ency ratios con)ey a fir#3s a"ility to #eet the interest cost and repay#ent sched(les of its lon,Iter# o"li,ation e*,* /e"it F.(ity Ratio and Interest Co)era,e Ration* Le)era,e Ratios* Activity R#tiosA Acti)ity ratios are calc(lated to #eas(re the efficiency +ith +hich the reso(rce of a fir# ha)e "een e#ployed* These ratios are also called t(rno)er ratios "eca(se they indicate the speed +ith +hich assets are "ein, t(rned o)er into sales e*,* de"tors t(rno)er ratio* %a(ra) Naran, B*B*A ;7

-ro3it#<lity R#tiosA These ratios #eas(re the res(lts of "(siness operations or o)erall perfor#ance and effecti)e of the fir# e*,* ,ross profit ratio- operatin, ratio or capital e#ployed* %enerally- t+o types of profita"ility ratios are calc(lated* &#' )n rel#tion to +#les, #n2 &<')n rel#tion in )nvest$ent

F-NCTIONAL CLASSIFICATION IN >IE7 OF FINANCIAL 8ANA.E8ENT OR CLASSIFICATION ACCOR/IN. TO TESTS

Li@ui2ity R#tios Lon 6ter$ Activity R#tios +olvency #n2 Lever# e R#tios
IC(rrent Ratio ILi.(id Ratio 1Acid2 Test or S(ic Ratio* IA"sol(te li.(id or ICash Ratio* I/e"tors T(rno)er Ratio ICreditors T(rno)er Ratio IIn)entory T(rno)er ratio /in#nci#l .8er#tin %o$8osite I/e"t* F.(ity Ratio I/e"t to Total Capital Ratio IInterest Co)era,e Ratio ICapital %earin, Ratio In)entory T(rno)er Ratio* /e"tors T(rno)er Ratio Fi5ed Assets T(rno)er Ratio Total Asset T(rno)er Ratio 9or in, Capital T(rno)er Ratio* Paya"les T(rno)er Ratio Capital F#ployed T(rno)er Ratio

-ro3it#<ility R#tios
)n Rel#tion to +#les* %ross Profit Ratio* Operatin, Ratio* Operatin, Profit Ratio* Net Profit Ratio* F5penses Ratio )n rel#tion to invest$ents Ret(rn on In)est#ents* Ret(rn on capital* Ret(rn on F.(ity Capital* Ret(rn on total Reso(rces Farnin, per share* Price Farnin, Ratio*

CASH5FLO7 STATE8ENT
A cash P flo+ state#ent is a state#ent sho+in, inflo+s 1receipts2 and o(tflo+s 1pay#ents2 of cash d(rin, a partic(lar period* In other +ords- it is a s(##ary of so(rces and applications of each d(rin, a partic(lar span of ti#e*

ObDe+ti e" o( Ca"% F&o) Statement ,

%a(ra) Naran, B*B*A ;<

?* 4* 7* <* B* C* ;*

&sef(l for ShortITer# Financial Plannin,* &sef(l in Preparin, the Cash B(d,et* Co#parison +ith the Cash B(d,et* St(dy of the Trend of Cash Receipts and Pay#ents* It e5plains the /e)iations of Cash fro# Farnin,s* =elpf(l in Ascertainin, Cash Flo+ fro# )ario(s Separately* =elpf(l in 0a in, /i)idend /ecisions*

BALANCE SHEET OF ICICI BAN9 LT/.

A" On 8a! 233;$8a! 233:$8a! 2334$8a!233E$8a!233<. 0R". In +!o!e"1

4AAB CAPITAL AN/ LIABILITIES: Total Share Capital %a(ra) Naran, B*B*A

4AAC

4AA;

4AA>

4AA@

4=75.;:

4239.73

4249.34

4452.57

4453.29 ;B

F.(ity Share Capital Share Application 0oney Preference Share Capital Reser)es Re)al(ation Reser)es Net 9orth /eposits Borro+in,s Total /e"t Other Lia"ilities And Pro)isions (ot#l Li#<ilities

;7C*;B A*A4 7BA*AA ??>?7*4A A*AA 12344+45 @@>?>*;> 77B<<*BA 445253.2: 4?7@C*?; 45;5:9.42

>>@*>7 A*AA 7BA*AA 4?7?C*?C A*AA 22666+44 ?CBA>7*?; 7>B4?*@? 225454.4; 4B44;*>> 2:4377.9:

>@@*7< A*AA 7BA*AA 47<?7*@4 A*AA 22771+27 47AB?A*?@ B?4BC*A7 3=5429.47 7>44>*C< 3445:7.42

???4*C> A*AA 7BA*AA <B7B;*B7 A*AA 27328+21 4<<<7?*AB CBC<>*<7 3:5799.59 <4>@B*7@ 399;9:.=7

???7*4@ A*AA 7BA*AA <><?@*;7 A*AA 24331+82 4?>7<;*>4 C;747*C@ 33:::4.:3 <7;<C*<7 3;93==.95

ASSETS,
Cash And Balances 9ith RBI Balances 9ith Ban s-0oney At Call Ad)ances In)est#ents %ross Bloc Acc(#(lated /epreciation Net Fi5ed Assets Capital 9or In Pro,ress Other Assets (ot#l Assets C7<<*@A CB>B*A; @?<AB*?B BA<>;*7B ::2:.5: ?<>;*C? 4=37.=4 @C*7A >;A4*B@ 45;5:9.4= >@7<*7; >?AB*>B ?<C?C7*?? ;?B<;*7@ :957.:; ?@>;*>B 397=.;2 ?<;*@< ?4BA@*B; 2:4377.9: ?>;AC*>> ?><?<*<B ?@B>CB*CA @?4B;*>< 5297.:5 47;B*?< 3923.42 ?>@*CC ?C7AA*4C 3445:7.44 4@7;;*B7 >CC7*CA 44BC?C*A> ???<B<*7< ;=35.== 4@4;*?? 44=7.79 A*AA 4AB;<*C7 399;9:.=; ?;B7C*77 ?4<7A*47 4?>7?A*>B ?A7AB>*7? ;443.;4 7C<4*A@ 37=4.52 A*AA 4<?C7*C4 3;93==.95

Contin,ent lia"ilities Bills for collection Boo )al(e1Rs*2 %a(ra) Naran, B*B*A

@;BA;*;@ @>A7*C; ?;A*7B

??@>@B*;> ?BA4B*4? 4<@*BB

?;;AB<*?> 44;?;*47 4;A*7;

7;?;7;*7C 4@7;;*BB <?;*C<

>A7@@?*@4 7CC;>*;? <<B*?; ;C

FPS 4;*44 No* of ;7C;?CA@< e.(ity shares

4>*BB >>@>47@A?

7<*B@ >@@4CCC;4

7;*7; ???4C>;<@B

77*;> ???74BAC<4

PROFIT AN/ LOSS ACCO-NT OF ICICI BAN9 LT/.

Fo! T%e Yea! Ended 8a!233;$8a!233:$8a!2334$8a!233E$8a!233< 0R". In C!o!e"1

2==: INCO8E, Interest Farned @<A@*@A Other Inco#e 7<?C*?< Total Inco#e 42725.=4 *H-*N!)(UR*A %a(ra) Naran, B*B*A

2==5 ?7;><*<@ <@>7*?< 47;5;.53

2==; 44@@<*4@ B@4@*?; 27923.45

2==7 7A;>>*7< >>?A*;; 39:99.44

2==9 7?A@4*BB ;CA7*;4 37595.2;

;;

Interest F5pended Operatin, F5penses Total F5penses Operatin, Profit Other Pro)ision And Conti,encies Pro)ision For Ta5 Net -ro3it F5traordinary Ite#s Profit BDF (ot#l Preference /i)idend F.(ity /i)idend Corporate /i)idend Ta5 Pershare /ata Fps1Rs*2 F.(ity /i)idend1J2 Boo 'al(e1Rs2 Appropriations Transfer To Stat(tory Reser)e Transfer To Other Reser)e Proposed /i)idendDTransfer To %o)t Balance CDF To Balance Sheet (ot#l

CB;A*>@ 74@@*?B 97;=.=4 4@BC <4>*>A B44 2==:.2= A*AA B7*A@ 2=:7.29 A*AA C74*@C @A*?A 4;*44 >B*AA ?;A*7B B<;*AA CAA*A? ;47*AC ?>>*44 2=:7.29

@B@;*<B <<;@*B? 44=;5.95 <C@A*C; ?B@<*A; BBC*B7 2:4=.=; A*AA ?>>*44 2;27.29 A*AA ;B@*77 ?AC*BA 4>*BB >B*AA 4<@*BB 4<>*C@ ?74A*7< >CB*>7 4@7*<< 2;27.3=

?C7B>*BA CC@A*BC 23=49.=5 B>;<*<A 444C*7C B7;*>4 344=.22 A*AA 4@7*<< 34=3.55 A*AA @A?*?; ?B7*?A 7<*B@ ?AA*AA 4;A*7; ?7B?*?4 A*AA ?AB<*4; @@>*4; 34=3.55

47<><*4< >?B<*?> 34537.42 ;@CA*C@ 4@A<*B@ >@>*7; 44:;.;3 A*AA @@>*4; :4:5.== A*AA ?44;*;A ?<@*C; 7;*7; ??A*AA <?;*C< ?7<4*7? A*A? ?7;;*7; 4<7C*74 :4:5.=4

44;4B*@7 ;A<B*?? 29;;4.=4 >@4B*47 7>A>*4C ?7B>*>< 3;:7.43 1A*B>2 4<7C*74 5493.7; A*AA ?44<*B> ?B?*4? 77*;> ??A*AA <<B*?; 4AA>*<4 A*A? ?7;B*;@ 4>A@*CB 5493.7;

FINANCIAL STATEMENT ANALYSIS

%o$8#r#tive B#l#nce +"eet .3 )%)%) B#n0 /ro$ 2==:62==5 (o 2==76 2==9
PARTIC-LARS 233;5233:
Ab"o&ut F o(

233:52334
Ab"o&ut F o(

23345233E
Ab"o&ut F o(

(Rs. in cror s! 233E5233<

Ab"o&ute F o(

%a(ra) Naran, B*B*A

;>

e +%an*e

+%an* e

e +%an*e

+%an* e

e +%an*e

+%an* e

+%an*e

+%an* e

C'!I"'9 '(D 9I',I9I"IE A

Capi"a#

Reser)es and s(rpl(s /eposits Borro+in,s Other Lia"ilities and Pro)isions

(.(AL %A-)(AL AN! L)AB)L)()*+

?B7*A> @BA4*@C CB4C<*7@ <@;;*<? 7>7?*;?

?< >A CB ?B ?>

@*B? 4A@;*;C CB<4;*A4 ?4;7<*?4 ?7AAA*;C

A*> ?A <A 77 B?*B

4?7*7< 4?@<7*C? ?7@4A*>C ?<7@4*< <CCC*;B

?; @< C 4> ?4

A*C? 7AC4*4 14CA>7*472 ?C;B*4C >B?*A<

*A< ; 1??2 4*B 4

73;29.::

:=

93259.4;

3;

::435.95

45

&2=494.42'

&:.4'

A++*(+$
In)est#ents Ad)ances Fi5ed assets Capital 9or In Pro,ress C(rrent assets (.(AL A++*(+A
Inte!'!etation 4?ACA*A< B<;B;*@C 1B;*742 B?*C< ;@?;*47 73;29.:: <4 CA 1?*<2 B< 7; := ?@;?A*<B <@;A4*<@ 1B;*72 <?*;4 47>;?*> 93259.45 4;*B 7< 1?*<2 4>*4 >? 3; 4A?@C*B 4@;BA*<> ?>B*<; 1?>@*CC2 B?@<*?; ::435.95 44 ?B B I?AA ?A 45 1>7@C*A72 1;7AB*47 17A;*4;2 A*AA 1<<>B*B>2 &2=494.44' 1;*B2 17*4B2 1;*B2 A*AA 1>2 &:.4'

The capital of "an increased "y ?<J in 4AABIAC-A*>J in 4AACIA;-?;J in 4AA;IA>-and *A< J in 4AA>IA@*This sho+s that there is fl(ct(ation in the rate of increase in the capital* In 4AABIAC and 4AA;IA> the rate of increase in capital is #ore than that of 4AACIA; and 4AA>IA@* There is a h(,e fl(ct(ation in the rate of increase in reser)es and s(rpl(s also* This sho+s that "an is effecti)ely (tili6in, its reser)es and s(rpl(s* In 4AABIAC deposits increase "y CBJ-in 4AACIA; it increased "y <AJ-and an increase of CJ in 4AA;IA>*in 4AA>IA@ deposits fall "y ??J*this sho+s that the "an has repayed its deposits in this year*

%a(ra) Naran, B*B*A

;@

 The "orro+in,s are also sho+in, a fl(ct(atin, rate of increase*in 4AA>IA> the "orro+in,s ha)e increased at a )ery lo+ rate*this sho+s that "an has repaid a lar,e a#o(nt of "orro+in,s in this year and there"y red(cin, the dependence on o(tside de"t* The in)est#ents are also increasin, "(t +ith lo+er rates co#pared to the precedin, years* Si#ilarly ad)ances rose "y CAJ in 4AABIAC-an increase of 7<J in 4AACIA;-?BJ increase in 4AA;IA> and finally decresed "y 7*4BJ in 4AA>IA@* Thre has "een a consistent decline in the fi5ed assets o)er years*in 4AABIAC and 4AACIA; it decreased "y ?*< J -increased "y BJ in 4AA;IA> and a,ain decreasin, "y ;*BJ in 4AA>IA@*this is #ainly d(e to increase in the rate of depreciation in the s("se.(ent years* A h(,e fl(ct(ation is re)ealed fro# c(rrent assets* it increased "y 7;J in 4AABIAC-rate of increase rose to >AJ in 4AACIA; and then the it increased at a #(ch lo+er rate i*e at ?AJ*this sho+s that the "an is effecti)ely (stilisin, its +or in, capital*there is a fall in c(rrent assets in 4AA>IA@ "y > J*this is #ainly d(e to the repay#ent of deposits in the years 4AA>IA@*

6. Com'a!ati e In+ome Statement O( ICICI Bank F!om 233;5233: To 233E5233<

-AR()%ULAR+ 4AABI4AAC
Ab"o&ute +%an*e F o( +%an*e

4AACI4AA;
Ab"o&ut e +%an*e F o( +%an* e

4AA;I4AA>
Ab"o&ut e +%an*e F o( +%an* e

1Rs* in crores2 4AA>I4AA@

Ab"o&ut e +%an*e F o( +%an5 *e

)N%.M*$

%a(ra) Naran, B*B*A

>A

Operatin, inco#e
*H-*N!)(UR*A

:944

45.3

4=4:5

:4.4

4=5;5

3;

&9=2.74'

&2.3'

Interest e5pended Operatin, e5penses Total e5penses Operatin, profit

Pro)ision and conti,encies

7A4C*BC ??>A*7C 42=5.92 ?;7<*C;

<C 7C 43 B@

C;C?*AB 44??*AB 79;2.4 ??>7*;7

;A*< <@*7 54 4B*4

;?4B*;< ?<C7*C4 7:79.35 4A>C*4@

<7*B 44 3;.2 7B*B

1;B>*7?2 1??A@*A; &475;.37' @C<*B<

172 1?<2 &:.9' ?4*?

??@@*> B7<*>; A*AA ?7B*?7 C;A

?4C*? 4; A*AA 4B<*B 74*BB

C?7*B> B;A*?B A*AA ?AB*44 C;B*7;

4>*B 44*< A*AA BC 4B

?A7>*;> ?A<;*B? A*AA ;A<*>7 ?;B4*7<

7;*B 7< A*AA 4? B?*<

?7C<*?< 17@@*C2 1A*B>2 ?<7>*AB ?A7;*>;

7C 1?A2 A*AA ?<< 4A

Net profit for the year F5traordinary ite#s Profit "ro(,ht for+ard
"O"'9 !RO.I"(9O )0

Inte!'!etation,5

The net profit sho+s a fl(ct(atin, trend i*e it increased "y 4;J in 4AABIAC-44*<J increase in 4AACIA;-and increased "y 7<J in 4AA;IA> and finally if falls "y ?AJ in4AA>IA@*this #ay "e d(e to decline in operatin, inco#e and inresed ta5 lia"ility in the year 4AA>IA@* The interest e5penses fro# the period 4AAB to 4AA> sho+ed an increasin, trend "(t decresed in 4AA>IA@ d(e to repay#ent of "orro+in,s*

2. TREND ANALYSIS
Trend Percenta,e Of ICICI Ban Fro# 4AA<I4AAB To 4AA>I4AA@
+base 'ear 200, -0-. /ercentage+0. $igures

Partic(lars
/eposits Ad)ances

4AAB
?AA ?AA

4AAC
?CB ?CA

4AA;
47? 4?<

4AA>
4<B 4<;

4AA@
4?@ 47@

%a(ra) Naran, B*B*A

>?

Net profit

?AA

?4;

?BB

4A;

?>;

Trend graph of ICICI Bank

300 250 percentage(%) 200 150 100 50 0 2005 2006 2007 Years
Inte!'!etation, There is a contino(s increase in the deposits till the year endin, 4AA> follo+ed "y a do+nfall in the year endin, 4AA@ d(e to repay#ent od deposits in this year* Si#ilarly ad)ances also sho+s as increasin, trend till the year endin, 4AA> follo+ed "y a sli,ht do+nfall in the year endin, 4AA@* There has "een a s("stantial increase in net profit till the year year endin, 4AA>*In fo(r years it has "een #ore than do("le* The o)erall perfor#ance of the "an is satisfactory*

DEPOSITS ADVANCES NET PROFIT

2008

2009

G.
C-RRENT RATIO,

RATIO ANALYSIS

An indication of a co#panyGs a"ility to #eet shortIter# de"t o"li,ationsR the hi,her the ratio- the #ore li.(id the co#pany is* C(rrent ratio is e.(al to c(rrent assets di)ided "y c(rrent lia"ilities* If the c(rrent assets of a co#pany are #ore than t+ice the c(rrent lia"ilities- then that co#pany is ,enerally considered to ha)e ,ood shortIter# financial stren,th* If c(rrent lia"ilities e5ceed c(rrent assets- then the co#pany #ay ha)e pro"le#s #eetin, its shortIter# o"li,ations*

%a(ra) Naran, B*B*A

>4

C-RRENT RATIO H C-RRENT ASSETS C C-RRENT LIABILITY

Current Ratio of ICICI Bank for the period of 2005-2009

1.6 1.4 1.2 1 Ratio 0.8 0.6 0.4 0.2 0 2005 2006 2007 Years 2008 2009 1.17 1.01 Current Rat ! 1.39 1.36 1.23

>e#r 4AAB 4AAC 4AA; 4AA> 4AA@

%urrent Assets
1Rs* In crores2

%urrent Li#<ilities
1Rs* In crores2

%urrent R#tio ?*A? ?*?; ?*7@ ?*7C ?*47

4?C74*BC 4@B<@*;@ B7<4?*B@ B>C?B*;C B<?7A*?>

4?7@C*?C 4B44;*>> 7>44>*C< <4>@B*7> <7;<C*<7

Inter0retation1
An ideal sol)ency ratio is 4* The ratio of 4 is considered as a safe #ar,in of sol)ency d(e to the fact that if c(rrent assets are red(ced to half 1i*e*2 ? instead of 4- then also the creditors +ill "e a"le to ,et their pay#ents in f(ll* B(t here the c(rrent ratio is less than 4 and #ore than ? +hich sho+s that the "an ha)e c(rrent assets j(st e.(al to the c(rrent lia"ilities +hich is not satisfactory as the safety #ar,in is )ery less or 6ero* Therefore the "an sho(ld eep #ore c(rrent assets so that it can #aintain a satisfactory safety #ar,in*

LIB-I/ RATIO,
Li.(id ratio is also no+n as MGuic09 or MAci2 (est MR#tio* Li.(id assets refer to assets +hich are .(ic ly con)erti"le into cash* C(rrent Assets other stoc and prepaid e5penses are considered as .(ic assets* Guic0 R#tio N (ot#l Guic0 Assets (ot#l %urrent Li#<ilities Guic0 Assets N (ot#l %urrent Assets L )nventory

%a(ra) Naran, B*B*A

>7

" #u $ Rat ! !% ICICI &an' %!r t(e )er !$ !% 2005*2009 1.2 1 0.8 Ratio 0.6 0.4 0.2 0 2005 2006 2007 Years 2008 2009 0.6 0.67 0.97 0.88 0.68 " #u $ Rat !

4AAB 4AAC 4AA; 4AA> 4AA@

?4@4@*@; ?;A<A*44 7;?4?*77 7>A<?*?7 4@@CC*BC

4?7@C*?C 4B44;*>> 7>44>*C< <4>@B*7> <7;<C*<7

A*CA A*C; A*@; A*>> A*C>

Inter0retation1
A .(ic ratio of ?$? is considered fa)o(ra"le "eca(se for e)ery r(pee of c(rrent lia"ility-there is atleast one r(pee of li.(id assets* A hi,her )al(e of ratio is considered fa)o(ra"le* =ere this ratio is less than ? in 4AAB-4AAC 8 4AA@ "(t in 4AA; 8 4AA> it is close to ? +hich is not satisfactory* This #eans the "an has not #ana,ed its f(nds properly in this partic(lar period*Therefore "an sho(ld rationally (tilise its f(nds to #aintain an ideal li.(id ratio*

EARNIN. PER SHARE,

In order to a)oid conf(sion on acco(nt of the )aried #eanin,s of the ter# capital e#ployed- the o)erall profita"ility can also "e j(d,ed "y calc(latin, earnin, per share +ith the help of the follo+in, for#(la$

Ea!nin* Pe! EIuit# S%a!e H Net P!o(it a(te! TaA JP!e(!en+e /i idend No. o( EIuit# "%a!e"
The earnin, per share of the co#pany helps in deter#inin, the #ar et price of the

%a(ra) Naran, B*B*A

><

e.(ity shares of the co#pany* A co#parison of earnin, per share of the co#pany +ith another +ill also help in decidin, +hether the e.(ity share capital is "ein, effecti)ely (sed or not* It also helps in esti#atin, the co#pany3s capacity to pay di)idend to its e.(ity shareholders*

arnings !er "hare Ratio of ICICI Bank for the period of 2005-2009
40 35 30 25 Ratio 20 15 10 5 0 2005 2006 2007 Years 2008 2009 Earn n+, Per S(are 27.22 28.55 34.59 37.37 33.78

>e#r 4AAB 4AAC 4AA; 4AA> 4AA@

Net )nco$e Av#il#<le /or +"#re"ol2ers

1Rs* In crores2

No. .3 *@uity +"#res

1Rs* In crores2

*-+ 4;*44 4>*BB 7<*B@ 7;*7; 77*;>

4AAB*4 4B<A*A; 7??A*44 <?B;*;7 7;B>*?7

;7*C;?C >>*@>47 >@*@4CC ???*4C>; ???*74B

Inter0retation1
Farnin, Per Share is the #ost co##only (sed data +hich reflects the perfor#ance and prospects of the co#pany*It affects the #ar et price of shares* =ere the Farnin, Per Share is sho+s a persistent increase till the year 4AA> after that in the year 4AA@ Farnin, Per share is follo+ed "y a do+nfall d(e to decline in profits*

/I>I/EN/ PER SHARE ,

It is e5pressed "y di)idin, di)idend paid to e.(ity shareholders "y no* of e.(ity shares*this sho+s the per share di)idend ,i)en to e.(ity shareholders*It is )ery helpf(l for potential in)estors to no+ the di)idend payin, capacity of the co#pany*It affects the #ar et )al(e of the co#pany*

/i idend Pe! S%a!e H /i idend Paid To EIuit# S%a!e%o&de!" %a(ra) Naran, B*B*A >B

No. O( EIuit# S%a!e"

#i$idend !er "hare Ratio of ICICI Bank for the period of 2005-2009
12 10 8 Ratio 6 4 2 0 2005 2006 2007 Years 2008 2009 10.02 8.59 8.53 D - $en$ Per S(are Rat ! 11.03 11

>e#r 4AAB 4AAC 4AA; 4AA> 4AA@

!ivi2en2 -#i2
1Rs* In crores2

No. .3 *@uity +"#res

1Rs* In crores2

!-+ >*B@ >*B7 ?A*A4 ??*A7 ??

C74*@C ;B@*77 @A?*?; ?44;*; ?44<*B>

;7*C;?C >>*@>47 >@*@4CC ???*4C>; ???*74B

Inter0retation1
=ere the /i)idend Per Share is increasin, year after year e5cept a little decline in 4AA@*other+ise the di)idend per share ratio of the "an is .(ite satisfactory +hich sho+s the "an has a ,ood di)idend payin, capacity*

NET PROFIT RATIO,

This ratio indicates the Net #ar,in on a sale of Rs*?AA* It is calc(lated as follo+s$

Net -ro3it R#tio N Net -ro3it H 4== Net +#les

This ratio helps in deter#inin, the efficiency +ith +hich affairs of the "(siness

%a(ra) Naran, B*B*A

>C

are "ein, #ana,ed* An increase in the ratio o)er the pre)io(s period indicates i#pro)e#ent in the operational efficiency of the "(siness* The ratio is th(s on effecti)e #eas(re to chec the profita"ility of "(siness*
%et !rofit Ratio of ICICI Bank for the period of 2005-2009 25 21.3 20 18.42 13.52 13.5

Ratio(%)

15 10

12.08

Net Pr!% t Rat !

5 0 2005 2006 2007 Years 2008 2009

>e#r 4AAB 4AAC 4AA; 4AA> 4AA@

Net -ro3it
1Rs* In crores2

+#les
1Rs* In crores2

4AAB*4 4B<A*A; 7??A*44 <?B;*;7 7;B>*?7

@<A@*@ ?7;><*<@ 44@@<*4@ 7A;>>*7< 7?A@4*BB

Net -ro3it R#tio &in O' 4?*7 ?>*<4 ?7*B4 ?7*B ?4*A>

Inter0retation1
Altho(,h "oth the sales and net profit ha)e increased d(rin, the a"o)e period "(t the Net Profit Ratio of the "an is declinin, contin(o(sly* This is "eca(se of the reason that net profits ha)e not increased in the sa#e proportion as of the sales*

OPERATIN. PROFIT RATIO,

This ratio is calc(lated as follo+s$

O'e!atin* P!o(it Ratio H

O'e!atin* P!o(it Net Sa&e"

K633

The difference "et+een net profit ratio and net operatin, profit ratio is that net operatin, profit is calc(lated +itho(t considerin, nonIoperatin, e5penses and nonIoperatin, inco#es* If +e ded(ct

%a(ra) Naran, B*B*A

>;

this ratio fro# ?AA-the res(lt +ill "e operatin, ratio* =i,her operatin, profit ratio ena"le the or,ani6ation to reco(p nonIoperatin, e5penses o(t of operatin, profits and pro)ide reasona"le ret(rn*

&perating !rofit Ratio of ICICI Bank for the period of 2005-2009

40 35 30 Ratio 25 20 15 10 5 0 2005 2006 2007 Years 2008 2009 O)erat n+ Pr!% t Rat ! 34.02 31.41 28.7 25.54 25.85

>e#r
4AAB 4AAC 4AA; 4AA> 4AA@

.8er#tin -ro3it
1Rs* In crores2

+#les
1Rs* In crores2

.8er#tin -ro3it R#tio &in O'

7?*<? 7<*A4 4B*B< 4B*>B 4>*;

4@BC <C@A*C; B>;<*< ;@CA*C@ >@4B*47

@<A@*@ ?7;><*<@ 44@@<*4@ 7A;>>*7< 7?A@4*BB

Inter0retation1
In the year 4AAB 8 4AAC the operatin, profit is 7?*<?J 8 7<*A4J respecti)ely* After that it has "een consistently declined fro# the year 4AA; till 4AA> and a,ain ,ainin, #o#ent(# in 4AA@* This #ay "e d(e to the reason that operatin, e5penses ha)e "een increased #ore as co#pared to sales d(rin, the a"o)e period conse.(ently red(cin, the operatin, profits*Therefore the "an sho(ld chec on (nnecessary operatin, e5penses to correct this sit(ation and to pro)ide a s(fficient ret(rn*

RET-RN ON NET 7ORTH,

It #eas(res the profita"ility of the "(siness in )ie+ of the shareholders* It j(d,es the earnin, capacity of the co#pany and the ade.(acy of ret(rn on proprietor3s f(nds*Shareholders and potential in)estors are interested in this ratio*It is calc(lated as "elo+$

Retu!n On Net 7o!t% H Net P!o(it A(te! Inte!e"t And TaA A 633
%a(ra) Naran, B*B*A >>

S%a!e%o&de!=" Fund" Return &n %et 'orth Ratio of ICICI Bank for the period of 2005-2009
18 16 14 12 Ratio 10 8 6 4 2 0 2005 2006 2007 Years 2008 2009 11.26 15.54 12.61 8.88

7.53

Return On Net .!rt(

>e#r
2==: 2==5 2==; 2==7 2==9

Net -ro3it A3ter )nterest An2 (#?

1Rs* In crores2 2==:.2 2:4=.=; 344=.22 44:;.;3 3;:7.43

+"#re"ol2erDs /un2
1Rs* In crores2 42799.9; 22:::.99 24553.25 4572=.24 49773.=2

Return .n Net ,ort" &in O'

4:.:4 44.25 42.54 7.77 ;.:3

Inter0retation1
The net profit after interest and ta5 ha)e increased slo+ly till the year 4AA> follo+ed "y a do+nfall d(e to hi,h interest pay#ents-operatin, e5penses and ta5ation lia"ility*conse.(ently the net+orth ratio has declined considera"ly and has red(ced to #ore than half in the year 4AA@ than it +as in 4AAB*

RET-RN ON CAPITAL E8PLOYE/,

It esta"lishes relationship "et+een profit "efore interest and ta5 and capital e#ployed* It indicates the percenta,e of ret(rn on the total capital e#ployed in the "(siness*This ratio is also no+n as Return .n )nvest$ent. It #eas(res the o)erall efficiency and profita"ilityof the "(siness in relation to in)est#ent #ade in "(siness* It also sho+s ho+ efficiently the reso(rces are (sed in the "(siness*co#parison of one (nit +ith that of the other or perfor#ance in one year +ith that of the sa#e (nit is possi"le* It is calc(lated as "elo+$

%a(ra) Naran, B*B*A

>@

Return &n Capita( )p(o*ed of ICICI Bank for the period of 2005-2009
9 8 7 6 Ratio 5 4 3 2 1 0 2005 2006 2007 Years 2008 2009 Return On Ca) ta/ E0)/!1e$ 6.22 5.61 6.52 7.99 8.29

>e#r
2==: 2==5 2==; 2==7 2==9

Net -ro3it Be3ore )nterest An2 (#?

1Rs* In crores2 9=97.=9 42594.=: 2===5.:4 27:4=.34 2;742.9

%#8it#l *$8loye2
1Rs* In crores2 445253.2: 225454.4; 3=5429.47 3:5799.59 33:::4.:3

Return .n %#8it#l *$8loye2 &in O'

5.22 :.54 5.:2 ;.99 7.29

Inter0retation1
The a"o)e ta"le e5hi"it the ret(rn on capital e#ployed ratio of the "an for last fi)e years*This ratio #eas(res the earnin, of the net assets of the "(siness* The ratio +as C*44J in year 4AAB* After that it rised to the t(ne of B*C?J-C*B4J-;*@@J and >*4@J in year 4AAC- 4AA;- 4AA> and year 4AA@ respecti)ely* It lead to the concl(sion "an risin, "(t )ery little proportion of ret(rn on capital e#ployed*

/EBT5 EB-ITY RATIO,

The /e"tIF.(ity ratio is calc(lated to find o(t the lon,Iter# financial position of the fir#*This ratio indicates the relationship "et+een lon,Iter# de"ts and shareholder3s f(nds*The so(ndness of lon,Iter# financial policies of a fir# can "e deter#ined +ith the help of this ratio* It helps to assess the so(ndness of lon,Iter# financial policies of a "(siness*It also helps to deter#ine the relati)e sta es of o(tsiders and shareholders*Lon,Iter# creditors can assess the sec(rity of their f(nds in a "(siness*it indicates to +hat e5tent a fir# depends (pon lenders to

%a(ra) Naran, B*B*A

@A

#eet its lon,Iter# financial re.(ire#ents*A lo+ /e"tIF.(ity ratio is considered "etter fro# the point of )ie+ of creditors*

#e+t ,uit* ratio of ICICI Bank for the period of 2005-2009

14 12 10 Ratio 8 6 4 2 0 2005 2006 2007 Years 2008 2009 11.99 10.14 7.53 12.97

6.6

De2t E#u t1 Rat !

>e#r 4AAB 4AAC 4AA; 4AA> 4AA@

!e<t
1Rs* In crores2

*@uity
1Rs* In crores2

!e<t *@uity R#tio ??*@@ ?A*?< ?4*@; ;*B7 C*C

?B<;B@*<B 44>>74*@C 7?@@@<*>C 7B4@;<*>; 74@<?;*@<

?4>@@*@; 44BBB*@@ 4<CC7*4C <C>4A*4? <@>>7*A4

Inter0retation1
The ratio sho+s the e5tent to +hich f(nds ha)e "een pro)ided "y lon,Iter# creditors as co#pared to the f(nds pro)ided "y the o+ners*=ere the /e"tIF.(ity ratio for the a"o)e period is al+ays hi,h*this sho+s that the "an is #ore relyin, on o(tside f(nds as co#pared to internal so(rces of capital-in its capital str(ct(re* Fro# the lon,Iter# lenders point of )ie+ this ratio is not satisfactory*

PROPRIETORY RATIO,
It is also called shareholders e.(ity to total e.(ity ratio or net +orth to total assets ratio or e.(ity ratio*It co#pares the shareholder3s f(nds to total assets*It is calc(lated "y di)idin, shareholder3s f(nds "y total assets*

P!o'!ieto!# Ratio H

S%a!e%o&de!=" Fund Tota& A""et" @?

%a(ra) Naran, B*B*A

It helps to deter#ine the lon,Iter# sol)ency of a co#pany*This ratio #eas(res the protection a)aila"le to the creditors*=i,her the ratio-lesser is the li elihood of insol)ency in f(t(re-as the #ana,e#ent has to (se lessor de"ts and )ice )ersa*Th(s-this ratio is of ,reat i#portance to the creditors*

!roprietor* Ratio of ICICI Bank for the period of 2005-2009

0.14 0.12 0.1 Ratio 0.08 0.06 0.04 0.02 0 2005 2006 2007 Years 2008 2009 0.07 0.08 0.12 0.13

0.07

Pr!)r et!r1 Rat !

>e#rs 4AAB 4AAC 4AA; 4AA> 4AA@

+"#re"ol2erDs /un2s
1Rs* In crores2

(ot#l Assets
1Rs* In crores2

-ro8rietory R#tio A*A; A*A> A*A; A*?4 A*?7

?4>@@*@; 44BBB*@@ 4<CC7*4C <C>4A*4? <@>>7*A4

?C;CB@*< 4B?7>>*@B 7<<CB>*?? 7@@;@B*A; 7;@7AA*@C

Inter0retation1
A"o)e ta"le e5hi"its the proprietary ratio of the "an for last fi)e years * It +as ;J in 4AAB-After that +as >J in year 4AAC* Si#ilarly it +as once a,ain red(ced to ; J in the year 4AA;* After 4AA; it re,istered increase and +as ?4J and ?7J in the year 4AA> and 4AA@ respecti)ely* =ence it leads to the concl(sion o+ners ha)e less than ?7J sta e in the total assets of the "an * It is not a ,ood si,n as far the lon, ter# sol)ency is concerned*

FIKE/ ASSETS T-RNO>ER RATIO,

It is also called as Sales to Fi5ed Assets Ratio*It #eas(res the efficient (se of fi5ed assets*This ratio is a #eas(re of efficient (se of fi5ed assets*it is calc(lated as$ FiAed A""et" Tu!no e! Ratio H Co"t o( *ood" "o&d o! Sa&e" Net FiAed A""et"

%a(ra) Naran, B*B*A

@4

It #eas(res the efficiency and profit earnin, capacity of the "(siness*=i,her the ratio-,reater is the intensi)e (tili6ation of fi5ed assets and a lo+er ratio sho+s (nder (tili6ation of the fi5ed assets*This ratio has a special i#portance for #an(fact(rin, concerns +here in)est#ent in fi5ed assets-is )ey hi,h and the profita"ility is si,nificantly dependent on the (tili6ation of these assets *

-i.ed assets Turno$er Ratio of ICICI Bank for the period of 2005-2009
9 8 7 6 5 4 3 2 1 0 7.49 5.86 3.46 2.33 F 3e$ a,,et, Turn!-er Rat ! 8.17

Ratio

2005

2006

2007 Years

2008

2009

>e#r 4AAB 4AAC 4AA; 4AA> 4AA@

+#les
1Rs* In crores2

Net /i?e2 Assets

1Rs* In crores2

@<A@*@ ?7;><*<@ 44@@<*4@ 7A;>>*7< 7?A@4*BB

<A7>*A< 7@>A*;4 7@47*<4 <?A>*>@ 7>A?*C4

/i?e2 Assets (urnover R#tio 4*77 7*<C B*>C ;*<@ >*?;

Inter0retation1
=ere the fi5ed assets e#ployed in the "(siness sho+s a decreasin, trend e5cept in the year 4AA> +here fi5ed assets ha)e a,ain increased*This #ay "e d(e to increase in rate of depreciation in s("se.(ent years* Ne)erthless-the fi5ed assets t(rno)er ratio has "een consistently increasin,*It indicates that fi5ed assets ha)e "een effecti)ely (sed in the "(siness +itho(t #(ch additional in)est#ent in the period of st(dy and also the capital is not "loc ed in fi5ed assets*

CRE/IT5/EPOSIT RATIO,
This ratio is )ery i#portant to assess the credit perfor#ance of the "an * The ratio sho+s the relationship "et+een the a#o(nt of deposit ,enerated "y the "an has +ell as their deploy#ent to+ards dis"(rse#ent of loan and ad)ances* =i,her credit deposit ratio sho+s o)erall ,ood efficiency and perfor#ance of any "an in, instit(tion*

%a(ra) Naran, B*B*A

@7

Cre#it 1eposit

atio =

Cre#its ?AA 1eposits

C!edit mean" di"bu!"ement o( ad an+e" /e'o"it mean "um o( (iAed de'o"it$ Sa in* de'o"it and +u!!ent de'o"it.

Credit #eposit ratio of ICICI +ank for the period of 2005-2009

1.05 1 0.95 Ratio 0.9 0.85 0.8 0.75 2005 2006 2007 Years 2008 2009 0.91 0.88 0.84 0.92 Cre$ t De)!, t rat ! 0.99

>e#r 4AAB 4AAC 4AA; 4AA> 4AA@

A2v#nces
1Rs* In crores2

!e8osits
1Rs* In crores2

%re2it !e8osit R#tio &inO' @? >> >< @4 @@

@?<AB*?B ?<C?C7*?? ?@B>CB*C 44BC?C*A> 4?>7?A*>B

@@>?>*;> ?CBA>7*?; 47AB?A*?@ 4<<<7?*AB 4?>7<;*>4

Inter0retation1
A"o)e ta"le e5hi"its credit deposit ratio of the "an d(rin, last B years* In the year 4AAB ratio +as @?J and it declined to >>J and ><Jin the year 4AAC and 4AA; respecti)ely* In the year 4AA> and 4AA@ ratio +as increased to @4J and @@J respecti)ely* it leads to concl(sion that credit perfor#ance of the "an is )ery ,ood*

%a(ra) Naran, B*B*A

@<

L. CAS$ FL%& STATEMENT %F ICICI BANK

Profit "efore ta5 Net cashflo+Ioperatin, acti)ity Net cash (sed in in)estin, acti)ity Netcash (sed in fin* acti)ity Net incDdec in cash and e.(i)lnt Cash and e.(i)alnt "e,in of year Cash and e.(i)alnt end of year 4AAB 4-B4;*4A @-?7?*;4 I7-<<B*4< I?-44;*?7 <-<B@*7< >-<;A*C7 ?4-@4@*@; 4AAC 7-A@C*C? <-CB4*@7 I;->@7*@> ;-7BA*@A <-??A*4B ?4-@4@*@; ?;-A<A*44 4AA; 7-C<>*A< 47-AC?*@B I?>-7C4*C; ?B-<?<*B> 4A-A>?*?A ?;-A<A*44 7;-?4?*74 4AA> B-ABC*?A 4AA@ B-??C*@;

I??-C7?*?B I?<-?>>*?<@ I?;-BC?*?? 7->B;*>> 4@-@C<*>4 C>7*BB 7;-7B;*B> 7>-A<?*?7 ?-C4B*7C I>-A;<*B; 7>-A<?*?7 4@-@CC*BC

%a(ra) Naran, B*B*A

@B

Chapter -

FIN/IN.S$S-..ESTIONS ? CONCL-SION

Findin*"
Profit "efore ta5 for the year ended 0arch 7?- 4AA@ 1FY4AA@2 +as Rs* B-??; crore 1&SM ?-AA@ #illion2- co#pared to Rs* B-ABC crore 1&SM @@; #illion2 for the year ended 0arch 7?- 4AA> 1FY4AA>2* Profit after ta5 for FY4AA@ +as Rs* 7-;B> crore 1&SM ;<? #illion2 co#pared to Rs* <-?B> crore 1&SM >4A #illion2 for FY4AA> d(e to the hi,her effecti)e ta5 rate on acco(nt of lo+er proportion of inco#e ta5a"le as di)idends and capital ,ains* %a(ra) Naran, B*B*A @C

 Net interest inco#e increased ?BJ fro# Rs* ;-7A< crore 1&SM ?-<<A #illion2 for FY4AA> to Rs* >-7C; crore 1&SM ?-CBA #illion2 for FY4AA@* 9hile the ad)ances declined #ar,inally yearIonIyear- the net interest inco#e increased d(e to i#pro)e#ent in net interest #ar,in fro# 4*4J in FY4AA> to 4*<J in FY4AA@* Operatin, e5penses 1incl(din, direct #ar etin, a,ency e5penses2 decreased ?<J to Rs* C->7B crore 1&SM ?-7<> #illion2 in FY4AA@ fro# Rs* ;-@;4 crore 1&SM ?-B;4 #illion2 in FY4AA>* The costDa)era,e asset ratio for FY4AA@ +as ?*>J co#pared to 4*4J for FY4AA>* /(rin, the year- the Ban has p(rs(ed a strate,y of prioriti6in, capital conser)ation- li.(idity #ana,e#ent and ris contain#ent ,i)en the challen,in, econo#ic en)iron#ent* This is reflected in the Ban 3s stron, capital ade.(acy and its foc(s on red(cin, its +holesale ter# deposit "ase and increasin, its CASA ratio* The Ban is #aintainin, e5cess li.(idity on an on,oin, "asis* The Ban has also placed stron, e#phasis on efficiency i#pro)e#ent and cost rationali6ation* The Ban contin(es to in)est in e5pansion of its "ranch net+or to enhance its deposit franchise and create an inte,rated distri"(tion net+or for "oth asset and lia"ility prod(cts* In line +ith the a"o)e strate,y- the total deposits of the Ban +ere Rs* 4?>-7<> crore 1&SM <7*A "illion2 at 0arch 7?- 4AA@- co#pared to Rs* 4<<-<7? crore 1&SM <>*4 "illion2 at 0arch 7?- 4AA>* The red(ction in ter# deposits "y Rs* 4<-@;A crore 1&SM <*@ "illion2 +as pri#arily d(e to the Ban 3s conscio(s strate,y of payin, off +holesale deposits* /(rin, S<I4AA@- total deposits increased "y Rs* @-4>7 crore 1&SM ?*> "illion2- of +hich Rs* B-4>C crore 1&SM ?*A "illion2- or a"o(t B;J- +as in the for# of CASA deposits* The CASA ratio i#pro)ed to 4>*;J of total deposits at 0arch 7?- 4AA@ fro# 4C*?J at 0arch 7?- 4AA>* The "ranch net+or of the Ban has increased fro# ;BB "ranches at 0arch 7?4AA; to ?-<7> "ranches at April 4<- 4AA@* The Ban is also in the process of openin, B>A ne+ "ranches +hich +o(ld e5pand the "ranch net+or to a"o(t 4-AAA "ranches- ,i)in, the Ban a +ide distri"(tion reach in the co(ntry* In line +ith the strate,y of prioriti6in, capital conser)ation and ris contain#ent- the loan "oo of the Ban decreased #ar,inally to Rs* 4?>-7?? crore 1&SM <7*A "illion2 at 0arch 7?- 4AA@ fro# Rs* 44B-C?C crore 1&SM <<*B "illion2 at 0arch 7?- 4AA>*

Li@ui2ity 8osition The li.(id ratio of the "an in the year 4AAB-4AAC and 4AA@ is A*CA-A*C;and A*C> respecti)ely and the year 4AA; and 4AA> li.(id ratio is A*@; and A*>> respecti)ely %a(ra) Naran, B*B*A @;

+hich is close to ?*Tho(,h it is not e.(al to the ideal li.(id ratio of ?$? "(t still its (nder control* So in n(t shell- it can "e concl(ded that the li.(idity position of the "an is .(ite satisfactory* %#8it#l #2e@u#cy #n2 return on c#8it#l e$8loye2 The Ban 3s capital ade.(acy at 0arch 7?- 4AA@ as per Reser)e Ban of India3s re)ised ,(idelines on Basel II nor#s +as ?B*BJ and TierI? capital ade.(acy +as ??*>J- +ell a"o)e RBI3s re.(ire#ent of total capital ade.(acy of @*AJ and TierI? capital ade.(acy of C*AJ* The a"o)e capital ade.(acy ta es into acco(nt the i#pact of di)idend reco##ended "y the Board* Also the capital is "ein, effecti)ely (tili6ed in the "an as it sho+s "etter ret(rn on capital e#ployed o)er years* Asset @u#lity At 0arch 7?- 4AA@- the Ban 3s net nonIperfor#in, asset ratio +as ?*@CJ* /(rin, the year the Ban restr(ct(red loans a,,re,atin, to Rs* ?-??B crore 1&SM 44A #illion2* !ivi2en2 on e@uity s"#res Since the di)idend per share has sho+n a pro#isin, increase for the period (nder st(dy*It sho+s that the "an is follo+in, a so(nd di)idend policy and is capa"le of distri"(tin, hi,her di)idends*in this +ay the in)estors +ill feel in)estin, in capital of the "an a #(ch "eneficial option and +ill "e rel(ctant to +ithdra+ capital for a lon, ti#e* *#rnin s 8er s"#re The earnin,s per share for the period (nder st(dy also sho+s a pro#isin, increase*it s(,,ests that "an has "etter profita"ility position and in f(t(re it can "e a "etter or attracti)e channel of in)est#ent for shareholders* Hi "er tren2s o3 cre2it 2e8osit r#tio L A 8ositive si n =i,h trends of credit deposit ratio re)eals that "an has perfor#ed satisfactorily as re,ard to ,rantin, loans and ad)ances to ,enerate inco#e* It s(,,ests that credit perfor#ance is ,ood and the "an is doin, its "(siness ,ood "y f(lfillin, its #ajor o"jecti)e as re,ards to ,rantin, loans and acceptin, deposits*

Con+&u"ion
%a(ra) Naran, B*B*A @>

On the "asis of )ario(s techni.(es applied for the financial analysis of ICICI Ban +e can arri)e at a concl(sion that the financial position and o)erall perfor#ance of the "an is satisfactory* Tho(,h the inco#e of the "an has increased o)er the period "(t not in the sa#e pace as of e5penses* B(t the "an has s(cceeded in #aintainin, a reasona"le profita"ility position* The "an has s(cceeded in increasin, its share capital also +hich has increased aro(nd BAJ in the last B years* Indi)id(als are the #ajor shareholders* The #ajor achie)e#ent of the "an has "een a tre#endo(s increase in its deposits- +hich has al+ays "een its #ain o"jecti)e* Fi5ed and c(rrent deposits ha)e also sho+n an increasin, trend* F.(ity shareholders are also enjoyin, an increasin, trend in the ret(rn on their capital* Tho(,h c(rrent assets and lia"ilities 1c(rrent li.(idity2 of the "an is not so satisfactory "(t "an has s(cceeded in #aintainin, a sta"le sol)ency position o)er the years* As far as the ratio of e5ternal and internal e.(ity is concerned- it is clear that "an has "een (sin, #ore a#o(nt of e5ternal e.(ity in the for# of loans and "orro+in,s than o+ner3s e.(ity* Ban 3s in)est#ents are also sho+in, an increasin, trend* /(e to increase in ad)ances- the interest recei)ed "y the "an fro# s(ch ad)ances is pro)in, to "e the #ajor so(rce of inco#e for the "an *

Su**e"tion"
%a(ra) Naran, B*B*A @@

 Altho(,h the short ter# li.(idity position is .(ite satisfactory as per re)ealed "y li.(id ratio "(t the c(rrent ratio is "elo+ the ideal ratio of 4$?*So the "an sho(ld #a e efforts to increase its c(rrent assets to #aintain a safety #ar,in and to #aintain a "etter li.(idity position* The profita"ility of the "an for the period (nder st(dy is not satisfactory* Profits are increasin, "(t not +ith sa#e pace as of the e5pendit(re d(e to hi,her reliance on de"t capital in the for# of "orro+in,s and loans for financin, capital str(ct(re* So in order to i#pro)e profita"ility- the "an sho(ld red(ce its dependence on e5ternal e.(ities for #eetin, capital re.(ire#ents* Conse.(entlythe interest e5penses +ill decline and profits +ill increase +hich is ,ood for the "an * Si#ilarly non prod(cti)e e5penses sho(ld "e c(rtailed to i#pro)e profita"ility* =i,her trend of credit deposit ratio re)eals that the "an has perfor#ed satisfactorily as re,ard to ,rantin, loans and ad)ances to ,enerate inco#e* It s(,,ests that the credit perfor#ance of "an is ,ood and it is perfor#in, its "(siness +ell "y f(lfillin, the #ajor o"jecti)e of ,rantin, credit and acceptin, deposit* So in order to ha)e #ore credita"ility in the #ar et the "an sho(ld #aintain its credit deposit ratio* Tho(,h the "an has "een s(ccessf(l in increasin, it3s deposits "(t to f(rther i#pro)e (pon s(ch sit(ation it can introd(ce so#e ne+ and attracti)e sche#es for p("lic* S(ch sche#es can "e in the for# of hi,her rate of interest and shorter #at(rity period for F/3s etc* Ban sho(ld try to finance #ore and #ore projects* Financin, +ill help it to earn hi,her a#o(nt of profits* The "an is ha)in, a ,reater reliance on de"t capital* The increasin, reliance on e5ternal e.(ities #ay pro)e ha6ardo(s in the lon, r(n* So in order to re#edy this sit(ation "an sho(ld increase its foc(s on internal e.(ities and other so(rces of internal financin,* Ban can also thin for i#pro)in, it3s dayIto Iday ser)ice to its clients* S(ch ser)ice can "e i#pro)ed "y pro)idin, pro#pt ser)ice and sho+in, an attit(de of coIoperation to its clients* It +ill help to ,i)e a ind of confidence to the p("lic and "(ild a "etter p("lic i#a,e* To achie)e the o"jecti)e of R(ral de)elop#ent it sho(ld open #ore and #ore "ranches in different r(ral areas of the co(ntry* It +ill facilitate in pro)idin, help to r(ral poor far#ers and other li)in, "elo+ the po)erty line* Ban can appoint co##ission a,ents for different area +ho can enco(ra,e ,eneral p("lic to in)est in the capital of the "an and #a e #ore deposits in ICICI Ban *

%a(ra) Naran, B*B*A

?AA

 The "an sho(ld si#plify the proced(re of ad)ances for .(ic dis"(rse#ent* To achie)e or,ani6ational s(ccess a proper independent +or in, at#osphere sho(ld "e de)eloped to achie)e desired o"jecti)e #ore effecti)ely* Last "(t not least- "an sho(ld adopt "ranch a(to#ation e5peri#ent to control the operational cost*

%a(ra) Naran, B*B*A

?A?

C:'!"ER 7

BIBLIO.RAPHY

%a(ra) Naran, B*B*A

?A4

BIBLIO%RAP=Y
Boo0s Re33ere2A
Acco(ntancy* R*K* 0ittal-A*K*Hain* Financial 0ana,e#entI Theory and Practice* Shashi*K*%(pta - R*K* Shar#a* Fssentials of Corporate Finance 4nd edition -Ir+in D0c%ra+I=ill*Ross- S*A*-R*9* 9esterfield and B*/* Hordan* Basic Financial 0ana,e#ent ->th edition -Prentice I=all-Inc* Scott- /*F*- H*/ 0artin- H*9* Petty and A*Keo+n*

)nternet 1e<sitesA
9++*Icici"an *Co# 9++*0oneycontrol*Co# 999*0oney*Rediff*Co# 9++*9i ipedia*Or, 9++*%oo,le*Co# 9++*Scri"d*Co# 9++*0ana,e#entparadise*Co#

%a(ra) Naran, B*B*A

?A7