PROJECT REPORT ON “FINANCIAL ANALYSIS” OF

ICICI Bank
Submitted to H.P university, Shimla In the partial fulfillment of Award of the degree of Bachelor of business administration

Submitted by: Guidance of:

Under the

GAURAV NARANG University Roll no. 4329

MR. ANKUR MAHAJAN Lecturer, B.B.A, Govt. college, Dharmshala.

Dept. of business administration Govt. post graduate college, Dharmshala(H.P) 2007-10

CERTIFICATION LETTER Govt. College,Dharmshala

TO WHOM IT

MAY CONCERN

This is to certify that the Project Report entitled “FINANCIAL ANALYSIS OF ICICI Bank” has been completed by: GAURAV NARANG” under my supervision. To the best of my knowledge, this is his own work and he has not submitted the same elsewhere for the award of any other degree or diploma. I approve it for submission in the partial fulfillment of the requirement for the degree of Bachelor of Business Administration. Date Place Mr.Ankur Mahajan (Project Guide) Lecturer B.B.A, Govt.College,Dharmshala

ACKNOWLEDGEMENT
No task is single man’s effort .Any job in this world however trivial or tough cannot be accomplished without the assistance of others. An assignment puts the knowledge and experience of an individual to litmus test. There is always a sense of gratitude that one likes to express towards the persons who helped to change an effort in a success. The opportunity to express my indebtness to people who have helped me to accomplish this task. Gaurav Narang B.B.A 2

I deem it a proud privilege to extend my greatest sense of gratitude to my Project Guide MR. ANKUR MAHAJAN (lecturer B.B.A) for the keen interest, inspiring guidance, continuous encouragement, valuable suggestions and constructive criticism throughout the pursuance of this report. I am thankful to Coordinator sir DR. UTTAM CHAND for giving me the opportunity to undertake the study. I am highly indebted to MR. DINESH JAMWAL (PROF. REGIONAL CENTRE,H.P.U,SHIMLA) for sparing time from their busy schedule for providing me with their able guidance at the time of need and helping me to achieve the ultimate goal of the study. I would also like to thank MR. RAJ (Branch Manager, ICICI Bank, Dharmshala) for their valuable support in helping me to gain this opportunity of being associated with an organization of such esteem. Last but not the least, it would be unfair if I don’t express my indebtness to my parents and all my friends for their active cooperation which was of great help during the course of my training project.

PREFACE
In any organization, the two important financial statements are the Balance Sheet and Profit & Loss Account of the business. Balance Sheet is a statement of financial position of an enterprise at a particular point of time. Profit & Loss account shows the net profit or net loss of a company for a specified period of time. When these statements of the last few year of any organization are studied and analyzed, significant conclusions may be Gaurav Narang B.B.A 3

Introduction to ICICI Bank………… Page no. Therefore it is very necessary for every organization whether it is a financial or manufacturing.A 4 . Though the basic technique of appraisal remains the same in all the cases but the approach and the emphasis in the analysis vary. Analysis of financial statements helps in making the future decisions and strategies.arrived regarding the changes in the financial position. a. c. the important policies followed and trends in profit and loss etc. PARTICULARS Acknowledgement Preface Introduction Of Banking a. e. financial experts. Analysis and interpretation of financial statement has now become an important technique of credit appraisal. Table of content Chapter no. The investors. Introduction of banking…………………. management executives and the bankers all analyze these statements. the liquidity position and the profitability or the earning capacity of borrowing concern.B. Analysis of financial statements is necessary because it helps in depicting the financial position on the basis of past and current records. Company’s Profile 19-55 21 Gaurav Narang B. to make financial statement and to analyze it. 3 4 6-18 7 8 11 17 18 2. d. History of banking in India……………… Banks in India…………………………… Fact files of banks in India……………… Indian banking industry…………………. A banker interprets the financial statement so as to evaluate the financial soundness and stability. b. 1.

d. f. ICICI Bank today…………………… Business profile……………………... d. 3. Awards and recognition……………… Objective of study…………………… Importance of study…………………. c. Findings .A 5 . 2) Trend analysis…………………….. b. Meaning of research………………… Research problem…………………… Research design……………………. Products and services………………. d. h.B. 4. i. g. e. Financial statement analysis…………… 1) Comparative financial statement………………………. Business objective…………………… Technology used in ICICI Bank……. b. 3) Ratio analysis……………………. Data collection method……………… Analysis and interpretation of data…...b. h. Board of directors…………………… Board committee……………………. Bibliography………………………………………… 6. Profit and Loss Account of ICICI Bank…………………………….. 99-100 Gaurav Narang B. c.. g.. f. c.Suggestions And Conclusion………………………. Balance sheet of ICICI Bank….. 27 28 29 30 31 32 34 54 Research Methodology 56-62 58 58 59 59 60 61 62 62 Financial Analysis Introduction of the topic………………... a. Limitation of study…………………. e. Method/Tools of financial analysis……. a.. 63-92 64 67 73 75 76 76 79 80 93-98 5. e.

A 6 . repayable on demand or otherwise and withdraw by cheque.B.Chapter 1 INTRODUCTION OF BANKING INTRODUCTION OF BANKING Definition Of Bank: Banking Means "Accepting Deposits for the purpose of lending or Investment of deposits of money from the public." -Banking Companies (Regulation) Act.1949 Gaurav Narang B. draft or otherwise.

modern commercial banks. The Bank of Hindustan is reported to have continued till 1906.ORIGIN OF THE WORD “BANK”:The origin of the word bank is shrouded in mystery. who has devoted a section of his work to deposit and advances and laid down rules relating to the rate of interest. It is no longer confined to only metropolitans or cosmopolitans in India. the indigenous banker played a very important role in lending money and financing foreign trade and commerce. This is one of the main reasons of India's growth process. the issue of paper money by the government was referred to as a raising a bank. Banking system in India Without a sound and effective banking system in India it cannot have a healthy economy.. While other Gaurav Narang B. Indian banking system has reached even to the remote corners of the country.e. In fact. It is believed that the transitions from many lending to banking must have occurred even before Manu. The most striking is its extensive reach. During the mogul period. After recognizing the benefit of money as a medium of exchange. According to one view point the Italian business house carrying on crude from of banking were called banchi bancheri" According to another viewpoint banking is derived from German word "Branck" which mean heap or mound. the importance of banking was developed as it provides the safer place to store the money. In England. ORIGIN OF BANKING : Its origin in the simplest form can be traced to the origin of authentic history.  HISTORY OF BANKING IN INDIA Banking in India has its origin as early or Vedic period.A 7 .The banking system of India should not only be hassle free but it should be able to meet new challenges posed by the technology and any other external and internal factors. The other which followed was the Bank of Hindustan and Bengal Bank. The General Bank of India was the first joint stock bank to be established in the year 1786. the great Hindu furriest. This safe place ultimately evolved in to financial institutions that accepts deposits and make loans i. During the days of the East India Company it was the turn of agency house to carry on the banking business.B. For the past three decades India's banking system has several outstanding achievements to its credit.

Phase II and Phase III. Bank of Bombay (1840) and Bank of Madras (1843) as independent units and called it Presidency Banks. the Imperial Bank of India was established on 27th January. on 19th July 1969. These three banks also known as the Presidency banks were the independent units and functioned well. Canara Bank. Phase I The General Bank of India was set up in the year 1786. Bank of Baroda Ltd. With the passing of the State Bank of India Act in 1955 the undertaking of the Imperial Bank of India was taken over by the newly constituted SBI. The first bank in India. was established in 1786. The Reserve Bank of India (RBI) which is the Central bank was established in April. These three banks were amalgamated in 1920 and Imperial Bank of India was established which started as private shareholders banks. Gaurav Narang B.two failed in the meantime. 1921...  New phase of Indian Banking System with the advent of Indian Financial & Banking Sector Reforms after 1991.. Bank of India Ltd. the Bank of Bombay in 1840 and the Bank of Bombay in1843. 6 more commercial private sector banks were taken over by the government. In the first half of the 19th century the East India Company established there banks. To make this write-up more explanatory. Ltd.the journey of Indian Banking System can be segregated into three distinct phases. Next came Bank of Hindustan and Bengal Bank. Punjab National Bank Ltd. They areas mentioned below:  Early phase from 1786 to 1969 of Indian Banks  Nationalization of Indian Banks and up to 1991 prior to Indian banking sector Reforms. From 1786 till today. The East India Company established Bank of Bengal (1809). number of banks with the Indian management were established in the country namely. In the wake of Swadeshi Movement. I prefix the scenario as Phase I. 1935 by passing Reserve bank of India act 1935.B.A 8 . The bank of Bengal in 1809. mostly Europeans shareholders. These three banks were amalgamated in 1920 and new bank. 14 major banks of the country were nationalized and on 15th April 1980. though conservative. The Central office of RBI is in Mumbai and it controls all the other banks in the country.

Moreover.In 1865 Allahabad Bank was established and first time exclusively by Indians. This step brought 80% of the banking segment in India under Government ownership. During those day’s public has lesser confidence in the banks. 23 of 1965). Reserve Bank of India was vested with extensive powers for the supervision of banking in India as the Central Banking Authority. 1955: Nationalization of State Bank of India.B. Second phase of nationalization Indian Banking Sector Reform was carried out in 1980 with seven more banks. Seven banks forming subsidiary of State Bank of India was nationalized in 1960 on 19th July. Between 1906 and 1913. Abreast of it the savings bank facility provided by the Postal department was comparatively safer.1969. 1959: Nationalization of SBI subsidiaries. There were approximately 1100 banks. was set up in 1894 with headquarters at Lahore. Canara Bank. funds were largely given to traders. To streamline the functioning and activities of commercial banks. mostly small. It formed State Bank of India to act as the principal agent of RBI and to handle banking transactions of the Union and State Governments all over the country. Phase II Government took major steps in this Indian Banking Sector Reform after independence. major process of nationalization was carried out. 1971: Creation of credit guarantee corporation. and Bank of Mysore were set up. Bank of India. 1949 which was later changed to Banking Regulation Act 1949 as per amending Act of 1965 (Act No. 1980: Nationalization of seven banks with deposits over 200 crore. Punjab National Bank Ltd. 1961: Insurance cover extended to deposits. Indian Bank.A . The following are the steps taken by the Government of India to Regulate BankingInstitutions in the Country:         1949: Enactment of Banking Regulation Act. Central Bank of India. 1975: Creation of regional rural banks. Mrs. it nationalized Imperial Bank of India with extensive banking facilities on a large scale especially in rural and semi-urban areas. 14 major commercial banks in the country was nationalized. Bank of Baroda. It was the effort of the then Prime Minister of India. 1969: Nationalization of 14 major banks. 9 Gaurav Narang B. the Government of India came up with The Banking Companies Act. During the first phase the growth was very slow and banks also experienced periodic failures between 1913 and 1948. Reserve Bank of India came in 1935. In1955. Indira Gandhi. As an aftermath deposit mobilization was slow.

Time is given more importance than money.After the nationalization of banks. This is all due to a flexible exchange rate regime. The entire system became more convenient and swift. The banks and its relation with the customers. In 1991. a committee was set up by his name which worked for the liberalization of banking practices. The RBI has shown certain interest to involve more of foreign banks than the existing one recently. the names of banks under different groups and other such useful information’s are talked about. Each group has their own benefits and limitations in operating in India. It is sheltered from any crisis triggered by any external macroeconomics shock as other East Asian Countries suffered. the branches of the public sector bank India rose to approximately 800% in deposits and advances took a huge jump by 11. The financial system of India has shown a great deal of resilience.000%. Phase III This phase has introduced many more products and facilities in the banking sector in its reforms measure. the foreign reserves are high. under the chairmanship of M Narasimham. Each has their own dedicated target market. and banks and their customers have limited foreign exchange exposure. Phone banking and net banking is introduced. Few of them only work in rural sector while others in both rural as well as urban. BANKS IN INDIA In India the banks are being segregated in different groups. Some are of Indian origin and some are foreign players. their mode of operation. the capital account is not yet fully convertible. This step has paved a way for few more foreign banks to start business in India. Many even are only catering in cities. All these details and many more is discussed over here. One more section has been taken note of is the upcoming foreign banks in India. The country is flooded with foreign banks and their ATM stations. Gaurav Narang B.A 10 .B. Efforts are being put to give a satisfactory service to customers. Banking in the sunshine of Government ownership gave the public implicit faith and immense confidence about the sustainability of these institutions.

At present there are total 26 Public Sector Banks in India (As on 26-09-2009). 6(STATE BANK OF INDORE ALSO MERGED RECENTLY) belong to SBI & associates group and 1 bank (IDBI Bank) is classified as other public sector bank. Therefore in 1980 the number of nationalized bank 20.A 11 . Of these 19 are nationalised banks.BANKING STRUCTURE IN INDIA SCHEDULED BANKS IN INDIA (1)Scheduled Commercial Banks Public Sector Banks (26) Private Sector Banks (25) Foreign Banks In India (29) Regional Rural Banks (95)  Nationalized Bank  Other Public Sector Banks (IDBI)  SBI And Its Associates  Old Banks  New Banks Private Private (2) Scheduled Cooperative Banks Scheduled Urban Cooperative Banks Scheduled State Cooperative Banks Public Sector Banks Public sector banks are those banks which are owned by the Government. In India 14 banks were nationalized in 1969 & in 1980 another 6 banks were also nationalized.B. runs these Banks. Welfare is their primary objective. Gaurav Narang B. The Govt.

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

Other Public Sector Banks
IDBI (Industrial Development Bank Of India)Ltd.

SBI & its Associates
• • • • • • State Bank of India State Bank of Hyderabad State Bank of Mysore State Bank of Patiala State Bank of Travancore State Bank of Bikaner And Jaipur

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

Private Sector Banks
These banks are owned and run by the private sector. Various banks in the country such as ICICI Bank, HDFC Bank etc. An individual has control over there banks in preparation to the share of the banks held by him. Private banking in India was practiced since the beginning of banking system in India. The first private bank in India to be set up in Private Sector Banks in India was IndusInd Bank. It is one of the fastest growing Bank Private Sector Banks in India. IDBI ranks the tenth largest development bank in the world as Private Banks in India and has promoted world class institutions in India.

Gaurav Narang B.B.A

12

The first Private Bank in India to receive an in principle approval from the Reserve Bank of India was Housing Development Finance Corporation Limited, to set up a bank in the private sector banks in India as part of the RBI's liberalization of the Indian Banking Industry. It was incorporated in August 1994 as HDFC Bank Limited with registered office in Mumbai and commenced operations as Scheduled Commercial Bank in January 1995. ING Vysya, yet another Private Bank of India was incorporated in the year 1930 Private sector banks have been subdivided into following 2 categories:-

Old Private Sector Banks
Bank of Rajasthan Ltd. Catholic Syrian Bank Ltd. City Union Bank Ltd. Dhanalakshmi Bank Ltd. Federal Bank Ltd. ING Vysya Bank Ltd. Jammu and Kashmir Bank Ltd. Karnataka Bank Ltd. Karur Vysya Bank Ltd. Lakshmi Vilas Bank Ltd. Nainital Bank Ltd. Ratnakar Bank Ltd. SBI Commercial and International Bank Ltd. South Indian Bank Ltd. Tamilnad Mercantile Bank Ltd. United Western Bank Ltd.

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

Foreign Banks In India

Gaurav Narang B.B.A

13

 ABN AMRO Bank N.V.  Abu Dhabi Commercial Bank Ltd  American Express Bank  Antwerp Diamond Bank  Arab Bangladesh Bank  Bank International Indonesia  Bank of America  Bank of Bahrain & Kuwait  Bank of Ceylon  Bank of Nova Scotia  Bank of Tokyo Mitsubishi UFJ  Barclays Bank  BNP Paribas  Calyon Bank  ChinaTrust Commercial Bank  Citibank  DBS Bank  Deutsche Bank

 HSBC (Hongkong & Shanghai Banking Corporation)  JPMorgan Chase Bank  Krung Thai Bank  Mashreq Bank  Mizuho Corporate Bank  Oman International Bank  Shinhan Bank  Société Générale  Sonali Bank  Standard Chartered Bank  State Bank of Mauritius

Cooperative banks in India
Gaurav Narang B.B.A 14

Gaurav Narang B. their number. Till date in rural banking in India. rural artisans. Rural Banks in those days mainly focussed upon the agro sector. there are other few banks which functions for the development of the rural areas in India.A 15 . 1965. Regional rural banks in India penetrated every corner of the country and extended a helping hand in the growth process of the country. The total number of SBIs Regional Rural Banks in India branches is 2349 (16%). etc. the expectations the co operative is supposed to fulfil.B. They are governed by the Banking Regulations Act 1949 and Banking Laws (Co-operative Societies) Act. Rural banks in India Rural banking in India started since the establishment of banking sector in India. in the state and giving service to its depositors. Haryana State Cooperative Apex Bank Limited The Haryana State Cooperative Apex Bank Ltd.The Cooperative bank is an important constituent of the Indian Financial System. Though the co operative movement originated in the West. NABARD National Bank for Agriculture and Rural Development (NABARD) is a development bank in the sector of Regional Rural Banks in India. and the number of offices the cooperative bank operate. judging by the role assigned to co operative.475 rural banks in the country of which 2126 (91%) are located in remote rural areas. entrepreneurs. SBI has 30 Regional Rural Banks in India known as RRBs. commonly called as HARCOBANK plays a vital role in rural banking in the economy of Haryana State and has been providing aids and financing farmers. It provides and regulates credit and gives service for the promotion and development of rural sectors mainly agriculture. there are 14. The businessess of cooperative bank in the urban areas also has increased phenomenally in recent years due to the sharp increase in the number of primary co-operative banks. Few of them are as follows. agricultural labourers. The cooperative bank is also regulated by the RBI. Apart from SBI. but the importance of such banks have assumed in India is rarely paralleled anywhere else in the world. The rural banks of SBI is spread in 13 states extending from Kashmir to Karnataka and Himachal Pradesh to North East. The cooperative banks in India plays an important role even today in rural financing. Co operative Banks in India are registered under the Co-operative Societies Act.

A Canara Bank Punjab and Sind 16 . It also finance rural crafts and other allied rural economic activities to promote integrated rural development.small scale industries. cottage and village industries.B. United Bank of India United Bank of India (UBI) also plays an important role in regional rural banks. It helps in securing rural prosperity and its connected matters. Syndicate Bank Syndicate Bank was firmly rooted in rural India as rural banking and have a clear vision of future India by understanding the grassroot realities. Sindhanur Urban Souharda Co-operative Bank Sindhanur Urban Souharda Co-operative Bank. popularly known as SUCO BANK is the first of its kind in rural banks of India. Its progress has been abreast of the phase of progressive banking in India especially in rural banks. handicrafts.  Fact Files of Banks in India The first Bank in India to be given an ISO certification. It has expanded its branch network in a big way to actively participate in the developmental of the rural and semi-urban areas in conformity with the objectives of nationalisation. The impressive story of its inception is interesting and inspiring for all the youth of this country. The first Bank in Northern India to get ISO 9002 certification Gaurav Narang B.

Bank of INDIAN BANKING INDUSTRY The Indian banking market is growing at an astonishing rate. The oldest Public Sector Bank in India having branches all over India and Allahabad Bank serving the customers for the last 132 years. Gaurav Narang B.A 17 .largest and the most successful commercial bank offering the State Bank of India widest possible rang of domestic.for their selected branches. The first Indian Bank to open a branch outside India in London in 1946 and Bank of India. with Assets expected to reach US$1 trillion by 2010. Bank Punjab Bank National The first among the Private Sector Banks in Kerala to become Scheduled South Indian Bank Bank in 1946 under the RBI act.international and NRI products and services. founded in 1906 in the first to open a branch in continental Europe at Paris in 1974 Mumbai. An expanding economy. India’s oldest.B. Bank which started as Private Shareholders Banks. India’s second largest Private Sector Bank and is now the largest scheduled The Federal Bank Limited commercial bank in India.mostly European Imperial Bank of India shareholders. middleclass.through its vast network in India and overseas. The first Indian Bank to have been started solely with Indian capital. and technological innovations are all contributing to this growth. The first Indian Commercial Bank which was wholly owned and managed by Central India Indians.

“The banking industry should focus on having a small number of large players that can compete globally rather than having a large number of fragmented players. increased standard of living.B. In correlation with the growth of the economy.“Indian banking industry assets are expected to reach US$1 trillion by 2010 and are poised to receive a greater infusion of foreign capital. Banks are now realizing the importance of being a big playerand are beginning to focus their attention on mergers and acquisitions to take advantage of economies of scale and/or comply with Basel II regulation. Gaurav Narang B. The Indian banking Industry is in the middle of an IT revolution.The country’s middle class accounts for over 320 million People.” says Prathima Rajan. which has resulted in innovative methods of offering new banking products and services.A 18 . Focusing on the expansion of retail and rural banking. Players are becoming increasingly customer -centric in their approach. and affordability of banking products are promising factors for continued expansion. rising income levels. analyst in Celent's banking group and author of the report.

61 billion (at March Gaurav Narang 31. Kannan. Executive Director & CFO K. Executive Director Loans. 2009. Bandra Kurla. Kamath. Insurance etc.. Managing Director & CEO Sandeep Bakhshi. Mumbai. Savings. Investment vehicles.com . India K.S. Ramkumar. Executive Director Sonjoy Chatterjee.06 billion Industry Founded Headquarters Key people Products Revenue Total assets ▲ USD 120. NYSE: IBN Banking Insurance Capital Markets and allied industries 1955 (as Industrial Credit and Investment Corporation of India) ICICI Bank Ltd.Chapter 2 COMPANY’S PROFILE Type Private BSE & NSE:ICICI. Credit Cards.V.icicibank.Chairman Chanda Kochhar.B. ▲ USD 15.) 19 B. ICICI Bank Towers. Deputy Managing Director N.A Website www.

Siddharth Mehta appointed the fifth Chairman of ICICI.  1977 : ICICI sponsored the formation of Housing Development Finance Corporation. Managed its first equity public issue. : ICICI.A 20 . : ICICI commences leasing business. : ICICI promotes Shipping Credit and Investment Gaurav Narang B. James Raj appointed the fourth Chairman of ICICI.5%.Mehta appointed the second Chairman of ICICI Ltd. India's first professional credit rating agency.  1967 : ICICI made its first debenture issue for Rs. Parekh appointed the third Chairman of ICICI. N.  1979 : Mr.INTRODUCTION TO ICICI BANK  History Of ICICI  1955: The Industrial Credit and Investment Corporation of India Limited (ICICI) was incorporated at the initiative of World Bank.  1956 : ICICI declared its first dividend of 3.  1985 : Mr. Besides funding from the World Bank and other multi-lateral agencies.6 crore. inaugurated. set up Credit Rating Information Services of India Limited.B.L. : Mr.  1960 : ICICI building at 163.G.  1978 : Mr. Nadkarni appointed the sixth Chairman of ICICI. Mr. which was oversubscribed.Vaghul appointed the seventh Chairman and Managing Director of ICICI.  1961 : The first West German loan of DM 5 million from Kredianstalt obtained.  1969 : The first two regional offices in Calcutta and Madras set up. S. along with UTI. ICICI was also among the first Indian companies to raise funds from international markets.  1984 : Mr. Backbay Reclamation.  1982 : 1982 : ICICI became the first ever Indian borrower to raise European Currency Units.  1958 : Mr.Ramaswami Mudaliar elected as the first Chairman of ICICI Limited. with the objective of creating a development financial institution for providing medium-term and long-term project financing to Indian businesses. H.A. T.  1986 : ICICI became the first Indian institution to receive ADB Loans. ICICI emerges as the major source of foreign currency loans to Indian industry. the Government of India and representatives of Indian industry.  1972 : The second entity in India to set up merchant banking services.

: ICICI becomes the first Indian Company to list on the NYSE through an issue of American Depositary Shares. Later.Company of India Limited.  1996 : ICICI Ltd became the first company in the Indian financial sector to raise GDR.  1993 : ICICI Securities and Finance Company Limited in joint venture with J.India's first venture capital company. In October 2001.  2001: ICICI acquired Bank of Madura (est. ICICI Bank. 1933) and Illanji Bank (established 1904) in the 1960s.B. : SCICI merged with ICICI Ltd. Morgan set up.  1999 : ICICI launched retail finance .  2000 : ICICI Bank became the first commercial bank from India to list its stock on NYSE.  1988 : Promoted TDICI .  1994: ICICI established Banking Corporation as a banking subsidiary.car loans. to undertake normal banking operations . : The name The Industrial Credit and Investment Corporation of India Ltd changed to ICICI Ltd. K.formerly Industrial Credit and Investment Corporation of India. the first loan by CDC for financing projects in India.Kamath appointed the Managing Director and CEO of ICICI Ltd  1997 : ICICI Ltd was the first intermediary to move away from single prime rate to three-tier prime rates structure and introduced yield-curve based pricing. 1943). : ICICI Asset Management Company set up.V. ICICI Banking Corporation was renamed as 'ICICI Bank Limited'. and had acquired Chettinad Mercantile Bank (est.  1998 : Introduced the new logo symbolizing a common corporate identity for the ICICI Group. : ICICI announced takeover of Anagram Finance. Bank of Madura was a Chettiar bank. credit cards. the first public issue by any Indian entity in the Swiss Capital Market. ICICI founded a separate legal entity. : The Corporation made a public issue of Swiss Franc 75 million in Switzerland. : Mr. car loans etc. house loans and loans for consumer durables. P. the Boards of Directors of ICICI and ICICI Bank approved the merger of ICICI and two of its wholly owned retail Gaurav Narang B.  1987 : ICICI signed a loan agreement for Sterling Pound 10 million with Commonwealth Development Corporation (CDC).taking deposits.A 21 . : ICICI Ltd announced the takeover of ITC Classic Finance.

a home loan product that offers the dual benefit of higher eligibility and affordability to a customer. ICICI Personal Financial Services Limited and ICICI Capital Services Limited. low-cost ATMs in rural India launched. . : ICICI Bank introduced partnership model wherein ICICI Bank would forge an alliance with existing micro finance institutions (MFIs). ICICI started its international expansion by opening representative offices in New York and London. . : ICICI Bank opened its 500th branch in India. : ICICI Bank and CNBC TV 18 announced India’s first ever awards recognizing the achievements of SMEs. ICICI Bank announced the setting up of its first ever offshore branch in Singapore.  2004 : Max Money. Representative office set up in China. The MFI would undertake the promotional role of identifying. ICICI Bank bought the Shimla and Darjeeling branches that Standard Chartered Bank had inherited when it acquired Grindlays Bank.2% stake in ICICI Bank. : India’s first multi-branded credit card with HPCL and Airtel launched. training and promoting the micro-finance clients and Gaurav Narang B. At the same time. ICICI Bank’s representative office inaugurated in Dubai.B. have been integrated in a single entity. Consequent to the merger. by the High Court of Gujarat at Ahmadabad in March 2002. . both wholesale and retail. It also opened an Offshore Banking Unit (OBU) in Singapore and representative offices in Dubai and Shanghai. . and by the High Court of Judicature at Mumbai and the Reserve Bank of India in April 2002. India’s first ever "Visa Mini Credit Card". Mumbai. ICICI Bank subsidiary set up in Canada. Temasek Holdings acquired 5. . introduced. ICICI Bank became the market leader in retail credit in India. launched. with ICICI Bank. the ICICI group's financing and banking Operations. : Kisan Loan Card and innovative.  2003 : The first Integrated Currency Management Centre launched in Pune. : Mobile banking service in India launched in association with Reliance Infocomm.  2002 : The merger was approved by shareholders of ICICI and ICICI Bank in January 2002. : ICICI Bank’s UK subsidiary launched. a 43% smaller credit card in dimensions launched.finance subsidiaries. The first offshore banking unit (OBU) at Seepz Special Economic Zone. . . In the UK it established an alliance with Lloyds TSB. a pioneering initiative to encourage the contribution of Small and Medium Enterprises to the growth of Indian economy. In India.A 22 . .

Financial counseling centre Disha launched. Introduced a new product .  2006 : ICICI Bank became the first Indian bank to issue hybrid Tier-1 perpetual debt in the international markets. This event is the largest domestic invitation amateur golf event conducted in India. : Representative offices opened in Thailand.A 23 . ICICI Bank became the largest retail player in the market to introduce a biometric enabled smart card that allow banking transactions to be conducted on the field. . and with a branch in Moscow. ICICI acquired Investitsionno-Kreditny Bank (IKB).‘NRI smart save Deposits’ – a unique fixed deposit scheme for nonresident Indians. : ICICI Bank introduced the concept of floating rate for home loans in India. Also. . to 8 p. in Belgium . ICICI Bank and Visa jointly launched mChq – a revolutionary credit card on the mobile phone. head office in Balabanovo in the Kaluga region. Private Banking Masters 2005. . financial planning and debt management services. . ICICI Bank became the first private entity in India to offer a discount to retail investors for its follow-up offer. a Russia bank with about US$4mn in assets. . First Indian company to make a simultaneous equity offering of $1. . Bhoomi puja conducted for a regional hub in Hyderabad.B. . Indonesia and Malaysia.8 billion in India. from Monday to Saturday. ICICI opened a representative office in Bangladesh to tap the extensive trade between that country. At the same time. Gaurav Narang B. ICICI renamed the bank ICICI Bank Eurasia.m. . the United States and Japan. Hardoi. ICICI established a branch in Dubai International Financial Centre and in Hong Kong.  2005 : First rural branch and ATM launched in Uttar Pradesh at Delpandarwa. Andhra Pradesh. a nationwide Golf tournament for high networth clients of the private banking division launched. this became an effective delivery option for ICICI Bank’s micro finance institution partners. : ICICI Bank subsidiary set up in Russia. India and South Africa.ICICI Bank became the largest bank in India in terms of its market capitalization. Disha provides free credit counseling. A low-cost solution.ICICI Bank would finance the clients directly on the recommendation of the MFI. . ICICI Bank UK opened a branch in Antwerp. "Free for Life" credit cards launched wherein annual fees of all ICICI Bank Credit Cards were waived off. : ICICI Bank introduced 8-8 Banking wherein all the branches of the Bank would remain open from 8a. .m.

. this time in St.A 24 . nation wide initiative to attract bright graduate students to pursue a career in banking. Petersburg. . With respect to the international sphere. . Gaurav Narang B. in Maharashtra State. . ICICI Bank launched the "Probationary Officer Programme". ICICI Bank Eurasia opened a second branch. Russia. Launched India’s first ever jewellery card in association with jewelry major Gitanjali Group. 2007 : ICICI Bank‘s USD 2 billion 3-tranche international bond offering was the largest bond offering by an Indian bank. ICICI Bank signed a multi-tranche dual currency US$ 1.The Visa Signature Credit Card. . and which had 158 branches in Maharashtra and another 31 in Karnataka State. ICICI amalgamated Sangli Bank. . which was headquartered in Sangli. to help small and medium enterprises start. . commercial vehicles loans. ICICI also received permission from the government of Qatar to open a branch in Doha. finance and grow their business. In a first of its kind.000 crore (approx $5 billion) from both domestic and international markets through a follow-on public offer. Gujarat.5 billion syndication loan agreement in Singapore. ICICI Bank Eurasia LLC inaugurated its first branch at St Petersburg. an online resource centre. ICICI Bank’s GBP 350 million international bond offering marked the inaugural deal in the sterling market from an Indian issuer and also the largest deal in the sterling market from Asia. Introduced SME Toolkit. ICICI Bank became the first bank in India to launch a premium credit card -. . construction equipment loans and professional equipment loans.B. ICICI Bank raised Rs 20. .Launched Bank@home services for all savings and current a/c customers residing in India . . . Foundation stone laid for a regional hub in Gandhinagar. ICICI Bank became the first private bank in India to offer both floating and fixed rate on car loans. Also. Sangli Bank had been founded in 1916 and was particularly strong in rural areas.

.along with DISHTV. V. Kamath as nonexecutive Chairman and Ms Chanda Kochhar as Managing Director & CEO effective May 1. ICICI Bank enters Germany. ICICI Bank Limited acting through its Hong Kong Branch (ICICI Bank) signed an agreement on Export Credit Line totaling up to US$100 million with the Japan Bank for International Cooperation (JBIC) which constitutes the international wing of Japan Finance Corporation. ICICI Bank with Singapore Airlines launched “ICICI Bank Singapore Airlines Visa Platinum Credit Card”.com across all the 27 circles of BSNL. 2009. ICICI Bank Limited acting through its Hong Kong Branch (ICICI Bank) signed a loan agreement with the Export-Import Bank of China (China Exim) for USD 98 million under the Two.96 billion (equivalent of USD 1.step Buyer Credit (Export Credit) arrangement. .. which will allow viewers to see information about the Bank's products and services and contact details on their DISHTV screens. .Banking Interactive Service . the Card has exclusive privileges especially designed for the members.icicibank. . Ms Gaurav Narang B. ICICI Bank is the first Indian Bank to have entered into this arrangement with China Exim . while the existing nonexecutive Chairman Mr N Vaghul retires after completing his term on April 30. ICICI Bank concluded India's largest ever securitization transaction of a pool of retail loan assets aggregating to Rs. It is also the largest deal in Asia (exJapan) in 2008 till date and the second largest deal in Asia (exJapan & Australia) since the beginning of 2007.A 25 . . ICICI Bank and British Airways launch co-branded credit card. 2009 . . These are electronic cards issued to the customers with mChek application on their mobile phone. 48. ICICI bank ties up with BSNL Cell One for bill payments. which is designed to earn accelerated reward points to the card holders with every British Airways flight or by spending on everyday purchases. . opens its first branch in Frankfurt . to facilitate mChek services to all ICICI Bank Debit and Credit Card customers. a breakthrough innovation in banking where practically all internet banking transactions can now be simply done on mobile phones. 2008 : ICICI Bank enters US The US Federal Reserve permitted ICICI to convert its representative office in New York into a branch.21 billion) in a multi-tranche issue backed by four different asset categories. it will facilitate bill payment for BSNL Cell One users through www. India’s leading mobile payment solutions provider. ICICI Bank launches ICICIACTIVE .  2009: ICICI Bank Board appoints Mr K. ICICI Bank announced an association with mChek.B. ICICI Bank launched iMobile.

an advisory branch in Dubai.8 million) for the nine months ended December 31.2009.Chanda Kochhar took charge as the Managing Director & CEO of ICICI Bank from May 1. ICICI Bank is one of the Big Four Banks of India with State Bank of India. 2008. 3. ICICI Bank now has wholly-owned subsidiaries.286 crore in CASA deposits in quarter ended March 31.19 billion (US$ 648. Axis Bank and HDFC Bank ICICI Bank Group Gaurav Narang B. Malaysia. branches in Belgium. and representative offices in Bangladesh. 30.640+ branches (as on February 11. 2009. and its ADRs on the New York Stock Exchange (NYSE). 5. 2009. The Bank also has a network of 1. life and non-life insurance.28 billion (US$ 77 billion) at December 31. Thailand.1% at March 31. 2009 and profit after tax Rs.562. 3. Indonesia. This includes wholly owned subsidiaries in Canada. the Bank is targeting the NRI (Non-Resident Indian) population in particular. 2010) and about 4. Overseas. offshore banking units in Bahrain and Singapore.B.758 crore (US$ 741 million) for FY2009.) ICICI Bank is also the largest issuer of credit cards in India. ICICI reported a net profit of Rs.721 ATMs in India and presence in 18 countries. China. Increase of Rs. venture capital and asset management. 2009 from 26.7% at March 31.A 26 . The bank's Current and savings account (CASA) ratio increased to 28. the United Arab Emirates and USA. (These data are dynamic. as well as some 24 million customers (at the end of July 2007). ICICI BANK TODAY ICICI Bank (BSE: ICICI) (formerly Industrial Credit and Investment Corporation of India) is India's largest private sector bank by market capitalisation and second largest overall in terms of assets. Mumbai and the National Stock Exchange of India Limited. Hong Kong and Sri Lanka. branches and representatives offices in 18 countries. including an offshore unit in Mumbai. The Bank is expanding in overseas markets and has the largest international balance sheet among Indian banks. ICICI Bank has got its equity shares listed on the stock exchanges at Kolkata and Vadodara. South Africa. ICICI Bank offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and specialised subsidiaries and affiliates in the areas of investment banking. Russia and the UK (the subsidiary through which the HiSAVE savings brand is operated). Trotal assets of Rs.

com Capital structure Gaurav Narang B. Phone: 91-022-653 7914 Website: www. South Towers ICICI Towers Bandra Kurla Complex Bandra (E) Mumbai.icicibank.A 27 .B. BUSINESS PROFILE Products & Services Personal Banking • • • • • • • Deposits Loans Cards Investments Insurance Demat Services Wealth Management NRI Banking • • • • • • Money Transfer Bank Accounts Investments Property Solutions Insurance Loans Business Banking • • • • • • • Corporate Net Banking Cash Management Trade Services FXOnline SME Services Online Taxes Custodial Services Head Office ICICI Bank 9th Floor.

The Authorized Capital of ICICI Bank is 214.75 Crores. The Issued, Subscribed and Paid Up Capital is divided into 1113250642 equity shares @ Rs.10/- each.

Board of Directors
 Board Members
Mr. K. V. Kamath, Chairman .................................................... Mr. Sridar Iyengar .................................................... Mr. Homi R. Khusrokhan .................................................... Mr. Lakshmi N. Mittal ................................................ Mr. Narendra Murkumbi ................................................. Dr. Anup K. Pujari ................................................. Mr. Anupam Puri .................................................. Mr. M.S. Ramachandran .................................................. Mr. M.K. Sharma .................................................. Mr. V. Sridar Prof. Marti G. Subrahmanyam ......................................................... Mr. V. Prem Watsa ......................................................... Ms. Chanda D. Kochhar, Managing Director & CEO ......................................................... Mr. Sandeep Bakhshi, Deputy Managing Director ......................................................... Mr. N. S. Kannan, Executive Director & CFO ......................................................... Mr. K. Ramkumar, Executive Director .........................................................

Gaurav Narang B.B.A

28

Mr. Sonjoy Chatterjee, Executive Director

 Board committee
Audit Committee Mr. Sridar Iyengar, Chairman Mr. M. K. Sharma, Alternate Chairman Mr. Narendra Murkumbi Mr. V. Sridar Corporate Social Responsibility Committee Mr. M. K. Sharma, Chairman Dr. Anup K. Pujari Ms. Chanda D. Kochhar Board Governance Remuneration & Nomination Committee Mr. M. K. Sharma, Chairman Mr. K. V. Kamath Mr. Anupam Puri Prof. Marti G. Subrahmanyam Customer Service Committee Mr. K. V. Kamath, Chairman Mr. Narendra Murkumbi Dr. Anup K. Pujari Mr. M. S. Ramachandran Mr. M.K. Sharma Ms. Chanda D. Kochhar Fraud Monitoring Committee Mr. M. K. Sharma, Chairman Mr. K. V. Kamath Mr. Narendra Murkumbi Ms. Chanda D. Kochhar Mr. Sandeep Bakhshi Share Transfer & Shareholders'/ Investors' Grievance Committee Mr. M. K. Sharma, Chairman Mr. Narendra Murkumbi Mr. N. S. Kannan

Credit Committee Mr. K. V. Kamath, Chairman Mr. Narendra Murkumbi Mr. M. S. Ramachandran Mr. M .K. Sharma Ms. Chanda D. Kochhar Risk Committee Mr. K. V. Kamath, Chairman Mr. Sridar Iyengar Dr. Anup K. Pujari Prof. Marti G. Subrahmanyam Mr. V. Prem Watsa Ms. Chanda D. Kochhar Committee of Executive Directors Ms. Chanda D. Kochhar, Chairperson Mr. Sandeep BakhshiMr. N. S. Kannan Mr. K. Ramkumar Gaurav Narang B.B.A

29

Mr. Sonjoy Chatterjee

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

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

Gaurav Narang B.B.A

30

This meant that the refresh rate of EDW was delayed.0 and Pinnacle7. The closed box architecture of Teradata imposed restrictions on scalability. SAS and Netezza. chemicals and IT distribution. Secondly.B. due to its proprietary hardware. "What impressed us wasthat even with overall lower costs. maintaining inventory and interacting with suppliers and customers. upgrades and administration was soaring.TECHNOLOGY Used In ICICI Bank ICICI use many type of advance technological software like Pinnacle 7. Commending the improvements achieved. so queries may not reflect the most current data.A 31 . but accommodate future growth expectations and business requirements. These issues compelled ICICI Bank to look for more efficient and flexible solutions.016. The ERP package .90 lakh and has a 15-user license.Among from this software ICICI bank uses the e-banking. Besides the cost advantage. The primary criteria for evaluation was the price-to-performance ratio where Sybase IQ emerged the clear winner. parts purchasing. we could achieve significantly better query performanceafter implementing the Sybase enterprise warehouse solution. ICICI Bank was also dependent on Teradata for support and other activities: The bank was completely tied down to that solution. Oracle 9i database. the Gaurav Narang B.Orion Advantage . querying and loading could not happen simultaneously. ICICI Bank evaluated numerous data warehousing solutions in the pursuit of solving its issues. An ERP package helps a manufacturer or any other business implementing it to manage all the important parts in the company such as product planning. pharmaceuticals. During this rigorous testing. Sybase IQ delivered faster results on independent hardware and operating systems with minimum infrastructure. the cost of procurement. mobile banking electronic display sy ICICI Bank was using Teradata for its data warehouse. ICICI Infotech officials told a press conference here today that Orion Advantage offered a set of business practice solutions for industry segments such as engineering. auto ancillary. ICICI bank says. Amit Sethi. Joint General Manager. and developed a shortlist of alternatives for its migration proof-of-concept: Sybase. However." ICICI Infotech today launched an enterprise resourceplanning (ERP) solution for the small and medium enterprises. Windows 2003 server and costs about Rs 9. core banking. The solution would have to address not only current issues. Queries could only be run during business hours because the loading of data had to take place during off business hours.comes bundled with an HP dual processor Xeon server.

CRM Innovative Technology Application     Derived Economies Of Scale Reduced Transaction Cost Improve Cost Efficiency. Trident Pneumatics Pvt Ltd of Coimbatore. Manoj Kunkalienkar. an insurance package. Besides the high cost of generic ERP packages. one of the companies that had installed Orion Advantage.30 lakh. database and operating system right now. said that the company had tried three other ERP packages. We can see that the how technology gives the best results in the below diagram. K.ERP package also came pre-configured. There are drastically changes seen in the use of Internet banking. said that smalland medium enterprises (SMEs) offered a good market and ICICI Infotech hoped to become a leading solution provider to this segment. in a year 2001 (2%) and in the year 2008 (25%). ICICI Infotech. Mr.S. ICICI Infotech. R. Kanthi. rising income levels. ICICI Infotech had mapped the processes specific to each industry segment into the package. These type of technology gives the freedom to retail customers. Mr. The Chennai centers were involved in research and development of Orion ERP solutions and Premia. their implementation time as far as SMEs were concerned was also long.K. ICICI Infotech had signed up six customers so far for the package and hoped to garner a 15 per cent market share of the SME segment.B. In correlation with thegrowth of the economy. Natarajan.A 32 . Managing Director. and affordability of banking products are promising factors for continued expansion. Mr.Cross Sell Provide New Or Superior Products The country’s middle class accounts for over 320 million people. before settling on Orion Advantage. Centralized Processing Units Electronic Straight through Processing Data Warehousing. all of which had failed. increased standard of living. whose number in the country was estimated at 2. said there was no ERP packagefor the SMEs that bundled the server. Orion Advantage could be installed in 45 days. Executive Director and President. Gaurav Narang B. Deputy General Manager. Mr Kunkalienkar said that ICICI Infotech planned to move the two development centers in Chennai into a single location and double the staff strength from 300 now in the next two years. That was the advantage ICICI Infotech offered to SMEs as Orion Advantage came bundled and preconfigured.

A .wheeler loan Commercial vehicles finance Home loans Retail business banking Tractor loan Working capital finance Construction Equipment finance Health care finance Education loan Gold loan Deposit Product • • • • • Savings A/C Current A/C Fixed Deposits Demat A/C Safe Deposit Lockers Investment & Insurance • • • • • • • Mutual Funds Bonds Knowledge Centre Insurance General And Health Insurance Equity And Derivatives Mudra Gold Bar Cards • • • Credit Card Debit Card Prepaid Card Payment Services • • • • • • Net Safe Merchant Prepaid Refill Bill Pay Visa Bill Pay InstaPay Access To Bank • • • • • Net Banking One View InstaAlert Mobile Banking ATM Phone Banking 33 -------------------------------Forex services Gaurav Narang B.B.PRODUCTS AND SERVICES PERSONAL BANKING Loan Product • • • • • • • • • • • • • • • • Auto loan Loan against security Loan against property Personal loan Credit card 2.

A 34 .B.-------------------------------• Product And Services • Trade Services • Forex Service Branch Locater • RBI Guidelines • • • • Direct Pay VisaMoney Transfers E-Monies Electronic Funds Transfer Online Payment Of Direct Tax • • Email Statements Branch Network WHOLESALE BANKING Corporate Small and Medium Enterprises • • • • • Funded Services Non Funded Services Specialized Services Value Added Services Internet Banking Financial Institutions and Trusts BANKS • • • • • • Clearing Sub-Membership RTGS Sub-Membership Fund Transfer ATM Tie.Ups Corporate Salary A/C Tax Collection • • • • Funded Services Non Funded Services Value Added Services Internet Banking Financial Institutions Mutual Funds Stock Brockers Insurance Companies Commodities Business Trusts Gaurav Narang B.

B.A .NRI SERVICES Accounts & Deposits • • • • • Rupee Saving A/C Rupee Current A/C Rupee Fixed Deposits Foreign Currency Deposits Accounts For Returning Indians Remittances • • • • • • • North America Uk Europe South East Asia Middle East Africa Others Quick Remit India Link Check Lock Box Telegraphic/ Wire Transfer Fund Transfer Cheques/Dds/Tcs Investment & Insurances • • • • Mutual Funds Insurance Private Banking Portfolio Investment Scheme • • • • Loans Home Loans Loans Against Securities Loans Against Deposits Gold Card Credit Payment Services • • • • • • Net Safe Bill Pay InstaPay DirectPay VisaMoney Online Donation Access To Bank • • • • • • • Net Banking One View InstaAlert ATM Phone Banking Email Statements Branch Networks 35 Gaurav Narang B.

Free special senior citizen LIFE PLUS debit card. Clubs etc. It provides organizations solutions with added value and is ideal for tax exempted entities.PRODUCTS ICICI Bank offers wide variety of Deposit Products to suit your requirements. Special Savings Account: The Special Savings Account has been designed keeping in mind the specific needs of organizations such as Trusts.A 36 . So now customers can bank at their convenience. Extended banking hours allows you to visit our branches. SAVING ACCOUNTS ICICI Bank offers customers a power packed Savings Account with a host of convenient features and banking channels to transact through. “LIFE PLUS”Senior citizens savings account LIFE PLUS. • • • • Gaurav Narang B.B. Money multiplies facility. Higher interest rate on FD/RD:avail the combined benefits of safety. Councils.designed keeping your unique financial requirements in mind.a special savings account for senior citizens from ICICI Bank is packed with a host of benefits. Societies. ICICI Bank brings banking at your doorstep. Associations. • Special senior citizens desk to cater to all banking transactions. Coupled with convenience of networked branches/ ATMs and facility of E-channels like Internet and Mobile Banking.as per your convenience. Select any of its deposit products and provide your details online and their representative will contact you for Account Opening.felexibility and attractive returns with ICICI Bank Fixed Deposit and Recurring Deposit. so that you don’t wait in queues. without the stress of waiting in queues.

Advantage Woman offers a specially designed woman's debit card which helps you shop and save simultaneously. You can even open a recurring deposit in your child's name. Current Accounts: Gaurav Narang B. 10.including branches. • • • • • • Special International Woman’s Debit Card with lots of offers.5000. It offers various savings and investment options to the parent along with teaching the child to manage his/her personal finance in a more responsible and independent manner.ATMs and phone banking. Besides the core ICICI Bank advantage. you can access your child's account with all the fun links to special zones designed to suit your child's area of interests and also impart knowledge on the current events of the world.2000 or Quarterly Average Balance (QAB) requirement of Rs. aged 1day -18 years. Bill Pay facility & Multi Channel Access. Free unlimited access to any bank’s ATM. It makes banking a pleasure and of course teaches your child to manage their personal finances.• • • • • Anywhere banking access to various services.ICICI Bank has to offer – anytime. brought to you by ICICI Bank to help the parents meet the present and future aspirations that they hold for their child.B. the Advantage Woman Savings Account is packed with special benefits for our women customers. Quarterly physical statements are delivered to your doorstep to absolutely free of cost. Quarterly average balance(QAB) requirement of Rs. Once you are done with your 'banking'.Young Stars will guide your child through the world of banking -through checking the account balance. Advantage woman savings account The ICICI Bank Advantage Woman Account enables today’s independent women to enjoy hassle-free banking services. Nomination facility available.000. Enjoy your present and plan for the future with ICICI Bank’s Advantage Woman Savings Account. Payable-at-par cheque book. Zero balance facility with an RD of Rs.anywhere and from any place.With the pocket money that you transfer to your child's account. Passbook on request. you can even shop with him / her at Young Stars very own shopping page. fun zones and special pages on the internet. Young Stars Account: Young Stars is a banking service for children. Nomination facility available.A 37 . manages your household expenditures and comes with a bag full of offers attached to it.

So while customers take care of their business. ICICI Bank offers premium quality service. Public authorities. unfolding a wide array of class products. With advanced technological features such as MCC and LCC. Free Internet Banking.ICICI Bank Salary Accounts benefits you in more than one ways:- Gaurav Narang B. Joint stock companies. ICICI Bank’s Roaming Current Account simplifies banking for them.As an organization.A Current Account is one that is required by Businessman.Every business requires efficient banking facilities to support its business activities. Institutions. ecs. Is meant for convenience and not to save money. Salary Accounts Salary Account is a feature rich corporate payroll account with benefits for both corporates and its employees. With technology leadership and service the bank is able to meet some of the most challenging financial needs of clients. public corporations etc. banking needs are well taken care of.With ICICI Bank Salary Accounts your employees will enjoy the convenience of : • • • Having the largest network of ATMs at their command.A 38 . • • • • The process of drawing cheques for salaries is replaced by sending a single ASCII file to the bank and the amount is directly credited into the employees salary account Cuts down payroll processing workload Salary Account can be opened with minimum 10 employees Instant credit of salaries ICICI Bank Salary Account is a benefit-rich payroll account for Employers and Employees. Free 24 hour Phone Banking. customers can access their accounts at over 500 networked branches across the country. Roaming Current Account Only Roaming Current Account from ICICI Bank travels the distance with customers business.B. All that the organization would require to do is to send ICICI Bank an advice (in form of a cheque/debit instruction. Any business that has numerous banking tranactions need a current account as it • • Allows running account supporting unlimited withdrawals and deposits. etc) for the total salary amount along with the salary details of the designated employees in a soft and hard copy format and we will credit the respective employees' accounts as per your statement of advice. you can opt for our Salary Accounts to enable easy disbursements of salaries and enjoy numerous other benefits too.

5% for senior citizens.A 39 .. ICICI provides its customers with various kinds of Fixed deposit facilities that are flexible and cater to customers who have different needs and wants in their fixed deposits.B. Fixed deposits: Fixed deposits are options which help you grow your money thus creating wealth in a safer and secure way. employees automatically become ICICI Bank account holders with special benefits and privileges of 8-8 banking.nomination facility is also available. Partial withdrawal allowed. Interest compounded quarterly. ICICI provides a Fixed Deposit that allows customers to deposit their money for just as long as you wish. Employees receive instant credit of salaries. Saves remittance costs. Auto renewal facility – you can choose this option so that the deposit can be renewed on maturity.. Loan facility available – you can avail loan up to 90% of principal and accrued interest. Security Deposits: Gaurav Narang B. Recurring deposits aims to encourage savings without putting any stress on customers finances by making them to put a lump sum amount in fixed deposit in one go. Besides all of the above.The recurring deposit also attracts high rate of return that are identical to the fixed deposit rates and most importantly no TDS is applicable in it .High recurring billing and recurring payments can be a drain on your finances and hence large investments may seem a plan away. • • • • • • • Wide range of tenures – 15 days to 10 years.500 and thereafter in multiples of Rs.• • Reduces paperwork. Investment advisory and much more.the minimum balance of deposit is of Rs. Additional interest rate of 0. More convenient than ECS.100 the minimum period is 6 months and thereafter in multiples of 3 months. Recurring Deposits: ICICI Bank Recurring Deposits are an ideal way to invest small amounts of money every month and end up with a large kitty on maturity. Choice of investment plan – traditional and cumulative deposits.

jewellery. ICICI Bank’s Tax Saver FD is the perfect solution for your investment needs. The Reserve Bank of India has now made it easier for you to access foreign currency by permitting a foreign currency account (domestic) for resident Indians.000 per day.000 per month.A few Corporates stipulate to their new employees to provide Security Deposit to reduce attrition. gems. The employee cannot withdraw such FDs without the consent of the company and the company has the right to withdraw the FD in the event of employee leaving the organization before a certain stipulated period. In line with RBI guidelines. EEFC accounts are Current Accounts held in foreign currency with authorized dealers of foreign exchange in the country. Waiver of DD/PO charges for upto Rs. Resident Foreign Currency (Domestic) Account Do you want to save money while buying foreign currency for travelling abroad? You can buy traveller’s cheques.00.A 40 . Silver privilege A/c • • Waiver of multi-city cheque book usage up to Rs. Non-interest bearing Resident Foreign Currency (D) (RFC (D)) with ICICI Bank can be maintained in four major currencies (USD. ICICI Bank has come up with a scheme that helps you get rid of all your forex worries. 1. ICICI Bank Tax-Saver Fixed Deposit ICICI Bank’s Tax-Saver Fixed Deposit enables you to save tax and earn high returns. EEFC Account Indian exports have surged over the last decade owing to an unprecedented boom in sectors like software. ICICI Bank’s proposal for the employee is to keep the Security Deposit in the form of a Fixed Deposit (FD) with the Bank. A dual benefit option structured to maximise your advantage. You can park your foreign currency in ICICI Bank under RFC (D) account. you may not want to go through the hassles of buying foreign currency every time you travel abroad.B. the volume of inward remittances has also increased significantly. Preferential rates of gold coins.deposits lockesr &foreign exchange. If you are a frequent traveller. GBP and Japanese Yen) PRIVILEGE BANKING: Privilege banking service ensures preferential treatment to its customers. textiles etc. As a result of this. biotechnology.50. foreign currency in cash and foreign currency demand draft for your expenses overseas. To shield the firms engaged in regular export and import from the exchange rate fluctuations RBI has allowed parking of foreign currency by exporters in an account designated as Exchange Earners Foreign Currency Account (EEFC). EURO. • Gaurav Narang B.

B. Free anywhere banking facility.deposit lockers and foreign exchange. Flexibility to maintain balances across account.• Quarterly average balance requirement of Rs. • Access to superior benefits for the entire family.100. Quarterly average balance (QAB)requirement of Rs. • Titanium privilege A/c • • • • • • • • • Branch relationship manager supported with phone banking relationship manager. Quarterly Average Balance(QAB) requirement of Rs. Free usage of payable -at-par chequebook. Free anywhere banking facility.A 41 .wealth management and global private client(GPC) available to all the members of your family while the required minimum balance can be maintained in any of the accounts. Family banking: Superior product benefits of privilige banking.00.50000.deposit lockers and foreign exchange. Gold privilege A/c • • • • • • Priority processing at all ICICI Bank branches and customer care. Prefrential rates for gold coins. • • • Outward Remittance: Send money to your loved ones abroad Gaurav Narang B.75000 and Total Relationship Value(TRV)of Rs.25000. Free international gold debit card with higher daily withdrawal and spend limit. Free usage of multy-city cheque book. Lower minimum balance requirement at individual customer level. Waiver of DD/PO charges for up to Rs. Priority processing at ICICI Bank brancghes and customer care. 5. Preferential rates for gol coins.000 per day. Free physical monthly account statement.000. Single family bank – convenience for the entire family and easier funds management. Free international titanium debit card with higher daily withdrawal and spend limit. Complete waiver on DD/PO charges.

It not only will help him save for life after retirement but also is a good investment tool as the returns are market-driven. Be it money for education.ICICI Bank offers you a simple way to send money outside India. Our extensive network gives us reach to most parts of the world. Automatic debits to account through Standing Instruction / ECS debit mandate. customers can replace their existing old high interest loan by a cheaper (equal to applicable current rates) loan. Individuals who opted for housing loans in the years gone by. ICICI Home Finance will not only finance the balance amount of outstanding loan but also your prepayment charges to the old housing finance company. The purpose of this pension scheme is to promote security of income to its subscribers in their old age. Government of India). 2009 by the Government of India.A 42 . In such a case. is a first of its kind in India and is being launched pan-India by 22 other POP's as well. Advantage Deposit Advantage Deposit is a combination of fixed deposit and mutual fund investment. ICICI Bank’s Outward Remittance is the solution for your all your needs. gift money or maintenance for loved ones or donation for a cause. Our Outward Remittance facilities make remitting money abroad quick.  LOANS HOME LOAN Interest rates on home loans have come down considerably in the last few years. For optimum returns. offering you the safety of a fixed deposit and the returns of an equity fund. The result: Gaurav Narang B. Under this scheme. Quite a price to pay. promoted by the PFRDA (Pension Fund Regulatory and Development Authority. Re-investment of monthly interest payout of Fixed Deposit into systematic investment plan of Mutual Fund. are still servicing them at 17% to 21% per annum. since one can get a loan today for around 12% per annum. the Government has appointed six fund managers for subscribers to choose from. Advantage Deposit counters equitymarket fluctuations through Systematic Investment Plans. New Pension System of Government of India ICICI Bank with 49 branches is a Point of Presence (POP) for the NEW PENSION SYSTEM launched on May 1. The scheme will empower a subscriber to plan his own retirement and pension.B. you can opt for a balance transfer. and reliable. • • • Combination of a Fixed Deposit (with monthly interest payout) and Systematic Investment Plan (SIP) of a Mutual Fund. The scheme.

Hassle-free application process on the click of a mouse. 3 wheelers & used vehicle. PERSONAL LOANS ICICI Bank Personal Loans are easy to get and absolutely hassle free. Range of products under one umbrella.60 months. 1 financier for car loans in the country. All loan repayments are done via equated monthly instalments (EMI). No Security. A reduced tenure with the same EMI. • • • • • • • Loans for salaried & self employed individuals. Tie-ups with all leading automobile manufacturers to ensure the best deals. The same EMI and tenure but an additional amount as a loan. Network of more than 1500 channel partners in over 780 locations.Collateral or Guarantors required. Loans can be used for any purpose with no questions asked regarding the end use of the loan. Buses. Loans are available from Rs.B.A 43 . 15 lakhs. MCVs. Gaurav Narang B. A reduced tenure and EMI .• • • • A lower EMI with the same tenure . 15 Lakhs. CAR LOAN The NO.000 to Rs. COMMERCIAL VEHICLE LOAN • • • Reaches you through more than 700 locations across the country. Flexible schemes & quick processing. LCVs. Repayment tenures from 12 . With minimum documentation you can now secure a loan for an amount up to Rs. 20. A balance transfer facility available for those who want to retire any higher debt. Funding of various products like HCVs.

The Bank take over existing high cost loans at competitive terms resulting in huge savings and is quick Gaurav Narang B. any blood relative can be your co-applicant. Now avail Finance upto 90%* of the On Road Cost of the vehicle.. Comfortable repayment tenures from 1 year to 6 years. FARM EQUIPMENT LOANS: ICICI is the preferred financier for almost all leading tractor manufacturers in the country. top up on existing loans. • Provides fast processing of files with easy documentation. Flexible financing solutions to meet the individual requirement. • • • • • Finance facility available for all two wheelers ranging from mopeds to motor bikes. • ICICI finances farm equipments in over 381 locations spread across the country.B.you can still avail our loan. repayable in convenient tenure options ranging from 6 months to 36 months*. Ride Easy Pay Easy with ICICI Bank Two Wheeler Loans. • Monthly. Quick turn around time.• • • • • Range of services on existing loans & extended products like funding of new vehicles. ICICI has tie-up with leading construction equipment manufacturers for wide range of products. refinance on used vehicles. ICICI understands the need of the customers better. Quarterly and Half-yearly repayment patterns to choose from. balance transfer on high cost loans. In an unlikely case of your not meeting our norms NO PROBLEM . Preferred financier status with most of the leading manufacturers.a facility to get an instant loan over the phone!! Apply for loan online. Xtend product. TWO WHEELER LOANS: "Zoom" away in your favourite two wheeler. ICICI provides attractive schemes at competitive interest rates. • Flexible repayment options in tandem with the farmer's seasonal liquidity. The products are customised for new entrepreneur to large business houses. • CONSTRUCTION EQUIPMENT LOAN Having funded infrastructure for over 4 decades. working capital loans & other banking products. Simple documentation. call or through sms.A 44 . ICICI Bank offers attractive financial packages through their excellent distribution network. Existing ICICI Bank Customers ride away on your favourite Two Wheeler by availing Loan On Phone*-.

The bank provides Competitive interest rates. Loans are offered for: • • Purchase of New equipments. Funding in more than 150 locations across the country. A current account will be opened and customer can withdraw money as and when they require. ICICI also offers flexible repayment structure.B. ►Flexible repayment structure. LOAN AGAINST SECURITIES Loans against Securities enables customers to obtain loans against their securities. It's our humble way of being involved in a noble profession.A 45 . ► Doorstep Service. ►Hassle-free application process with the click of a mouse.in processing due to easy formalities and one time sanction of loans for disbursement over a period of time. All customers have to do is pledge your securities in favour of ICICI Bank The Bank will then grant them an overdraft facility upto a value determined on the basis of the securities pledged by them. ►Details on your application status online. ►Competitive Interest rates. OFFICE EQUIPMENT LOAN: ► Minimum documentation required . ICICI offer loans against: • • • • • • Demat Shares RBI Relief Bonds Mutual Funds Units India Millennium Deposits (IMDs) ICICI Bank Bonds Life Insurance Policies (Single Premium) Gaurav Narang B. MEDICAL EQUIPMENT LOAN: Professional doctors are aware of the distinct advantages that the latest medical equipment can give their patients. ICICI Bank Medical Equipment Loans supports professionals in their effort to give the best to their patients. Interest will be charged only on the amount withdrawn and for the time span utilised. So they get instant liquidity without having to sell their securities. Takeover of Existing loans. Our Key features are: • • • • Doorstep Service.

anywhere in the world. gifting & small ticket transactions. disbursements.discounts. Offers the Pin based security. Euro. travel discounts and much more.CREDIT CARDS: ICICI Bank Credit Cards give you the facility of cash. PRE PAID CARDS: ICICI Bank brings to you a complete bouquet of pre-paid cards providing payment solutions at your fingertips. Has the convenience of usage of Credit or Debit card. DEBIT CARDS: The ICICI Bank Debit Card is a revolutionary form of cash that allows customers to access their bank account around the clock.B.A 46 . Gaurav Narang B. Looking for security and convenience. take ICICI Bank Travel Card. ICICI Bank prepaid cards are a safe &convenient way for associate payments. Pre-paid cards are available on a VISA platform thus providing accessibility to over one lakh merchant establishments & cash withdrawal from all VISA ATMs in India.The ICICI Bank Debit Card can be used for shopping at more than 100. global emergency assistance service. Traveling with US Dollar. Insurance benefits. convenience and a range of benefits. around the world. utility payments. These benefits range from life timefree cards. Pound Sterling or Swiss Francs.000 merchants in India and 13 million merchants worldwide. TRAVEL CARD: Presenting ICICI Bank Travel Card. The Hassle Free way to Travel the world. Issued in duplicate.

 Investment in ICICI Bank Bonds are eligible for tax rebate under Sec 88 to the full extent possible.com) ICICI BANK BONDS  All ICICI Bank Bonds have been rated "AAA" by CARE and "LAAA" by ICRA indicating the highest degree of safety for your money.B. Along with Deposit products and Loan offerings. Nomination facility available. GOI BONDS     8% Savings Bonds (Taxable). Gaurav Narang B. INVESTMENTS ICICI Bank cares about all needs. ICICI Bank facilitates following investment products: • • • • • • • ICICI Bank Tax Saving Bonds Government of India Bonds Investment in Mutual Funds Initial Public Offers by Corporate Investment in "Pure Gold" Foreign Exchange Services Senior Citizens Savings Scheme.  Bonds are listed on BSE. 2003. Low risk.A 47 . ICICI Bank assists people to manage their finances by providing various investment options ranging from ICICI Bank Tax Saving Bonds to Equity Investments through Initial Public Offers and Investment in Pure Gold. For select products ICICI Bank also provides the ease of investing through electronic channels like ATMs and Internet (ICICIdirect. Reasonable investment tenure. 2004 Customers can invest in above products through any of ICICI bank branches. NSE.

ICICI Bank offers investment in Mutual Funds through Multiple Channels. With ICICI Bank. Through ICICI Bank investor can invest in various schemes of multiple mutual funds with decent performance record. Mutual Fund Companies offer various schemes. Investors can choose any particular Fund/Scheme or mix of Funds/Schemes depending upon their perception towards risk. Child education Schemes etc. Mutual Funds Mutual Funds pool money of various investors to purchase a wide variety of securities while pursuing a specific goal.com And provide a Dedicated workforce to serve clients. Special Schemes . Returns generated are distributed to the Investors. Income schemes. G-sec schemes. ICICI Bank helps investors identify an appropriate mix of Mutual Fund schemes for their portfolio using asset allocation strategies. • ICICI Bank Branches • ICICI Bank ATM’S • ICICIdirect. Types of Funds Sold ICICI Bank helps investor determine which types of funds you need to meet your investment goals. Investment is done on the basis of prevailing Net Asset Values of various schemes. Monthly Income Schemes etc. • • Before being deputed. Mutual Funds Investments are subject to Market Risks. Selection of Securities for the purpose is done by specialists from the field. investor can take the aid of ICICI Bank’s various research reports on mutual funds and their schemes before choosing a scheme for investment. investor can invest in Mutual Funds through following channels. once deputed. our officers complete a comprehensive training program and. This may include the following types of funds: Debt: Liquid schemes. Index Schemes etc.Pension Schemes.  Interest income taxable. Equity: Diversified Equity Schemes.B. Hybrid Funds: Balanced Schemes. Sector Schemes.A 48 . Cannot be traded in secondary market. All officers in charge of Mutual Funds are certified professionals by AMFI (Association of Mutual Funds in India) Gaurav Narang B. they receive thorough instructions in financial planning skills and techniques Throughout their careers officers also attend programs to update their skills.

prospectus/offer documents and live prices will help you keep on top of the IPO markets. Capital Gain Bond etc. Car & Personal Loans. ICWA. ICICI keeps the investors updated on the latest happenings in the Mutual Fund industry and the various financial markets through regular electronic updates (daily & weekly) through Emails. gold is available in 2. the Gold market remains largely unorganized with reliability and convenience remaining the key issues for gold buyers in the country. get in-depth analyses of new IPOs issues (Initial Public Offerings) which are about to hit the market.Home Loans. Recurring Deposits. Also. ICICI also send out a monthly magazine on investments to their customers.MBA. Reliability 24 Carat ICICI Bank Pure Gold is imported from Switzerland. Initial public offerings (IPO) Investor can invest in IPOs online through www. ICICI Bank Pure Gold Gold has been traditionally the most favored form of investment for Indians.icicidirect. 5g. 8g. In fact. 20g and 50g categories.com with same convenience of investing in equities . -Insurance -Web Trade and Demat Accounts -Gold Coins & Bureau de Change Gaurav Narang B. Current Accounts. -Investments. recent IPO listings. However.ICICI Bank with its `Pure Gold' offer attempts to bridge the gap between the need of the customers for buying gold and availability of an organized avenue to satisfy that need. Loan Against Securities etc.• Many of these officers also hold professional degrees like .B. Currently.5g. This Gold carries a 99. CA. PRIVATE BANKING Benefits: Comprehensive range of products and services -Savings Account. even today is amongst the highest consumers of Gold in the world. and CFA etc. -Asset Products.hassle-free and with zero paper work. -Resident Foreign Currency (Domestic) Accounts etc. Mutual Funds. by taking care of the two key components:Reliability and Convenience. as per international standards.A 49 . IPO calendar. Convenience ICICI Bank Pure Gold is competitively priced based on daily prices in the international bullion market.99% Assay Certification.Government of India Bonds. Quantum Optima. signifying highest level of purity. Fixed Deposits. India.

which ICICI Bank brings to you. foreign exchange facilities and Insurance products through ICICI Bank. Each coin comes to you straight from Switzerland.-International Debit and Credit cards -And many more. FOREX SERVICES Gaurav Narang B. • ReliefBonds/MutualFunds/Insurance Salary Account customers can now invest in Government of India relief and savings bonds.. • GoldCoin Employees can buy 24 karats Pure Gold..99% fine gold and sealed with a unique Certificate of Authencity.. a basket of mutual funds. Refined to 99. Exclusivity and Convenience -Dedicated Officer -Separate interaction area in the branch -Anywhere Banking facility -Exclusive Phone Banking service -Competitive Pricing -Reduced rates for products and services -Several Complimentary Offers -Value-linked benefits Competitive Pricing -Reduced rates for products and services -Several Complimentary Offers -Value-linked benefits SERVICES INVESTMENT SERVICES • DematServices A Demat Account allows employees transact in shares instantaneously in a safe and secure manner.A 50 .B.guaranteeing you its purity.

A 51 . NRE Account: An NRI can open a Non-Resident External Account(NRE Account)with any bank in India. Travelers Cheques or Travel Card. The tenures range from 12 to 36 month 4. and are taxable in India. 3. Under this account both the principal amount and the interest can be sent back fully. In addition to attractive rupee interest rates customers get free money transfers. Deposit Products: 1. The money in the account and the interest earned on it can be sent back outside India without any authorization from RBI. They can open the account and can fund it in any permissible currency and is later converted into Indian Rupees. RFC Account: By opening a Resident Foreign Currency Account (RFC Account) customers can maintain funds as Term deposits in various foreign currencies even after they have returned to India. dividends. This Account offers dual benefits of high returns as offered by the fixed deposits and liquidity as offered by the savings account. thereby guarding customers against fluctuating exchange rates.ICICI Bank's Foreign Exchange Services will help you organize your foreign exchange in the most hassle free manner. The tenures range from 1month to 36months. Both the principal and the interest can be remitted outside India. FCNR Account:A Foreign Currency Non Resident Account (FCNR Account) allows customers to maintain funds as Term Deposits in various foreign currencies. ICICI Bank has created a wide range of products and services that provide customers complete financial solutions. NRI SERVICES Wherever people may be. Whether its Foreign Currency. pensions etc. Gaurav Narang B. ICICI Bank Foreign Exchange Services is a one-stop solution to your foreign exchange requirement. Helping them to make the right decisions at the right time and can be rest assured that they are in the safe and trustworthy hands of ICICI bank. The Account helps customers take care of all their financial needs. easy access for the customer as well as for his/her family back in India. This account to offers high returns and liquidity.B. However. NRO account offers attractive exchange rates upon conversion of foreign currency into Indian Rupees. NRO Account: The Non-Resident Ordinary Account (NRO Account) allows customers to hold the money they have earned in India such as rent. The Account can be opened and funded in any permissible currency. the interest earned on the principal amount in the account can be sent back after the deductions of tax in India. The account not only lets customers manage their money that they earn in India (as permitted by FEMA Regulations) but also of the money earned abroad. quickly and conveniently. and is later converted into Indian Rupees. in India or abroad. and a free mandate card for the loved ones in India. 2 .

Count on us to turn around the capital structure of your company and bring in additional capital for growth. ICICI Bank can bring in the best synergy partner to conclude a sell side or buy side advisory assignment. As you can do a lot of it online. etc. BIFR. external capital is imperative. with our lending experience. fully understand this and help clients raise equity to fund growth. The ICICI Bank Edge • • • Capital Raising At times for a growing company. Businesses can be self sufficient for capital needs in their nascent and initial growth phases. more than 10. in-depth understanding and linkages with key stakeholders in the process of turnaround. booking your rail/air tickets.Advisory Services Private Equity Placement ICICI Bank's Small Enterprises Group's (SEG) Investment Banking team is dedicated to provide you niche and exclusive investment banking services.B.000 asset clients and international linkages in developed economies. Special Situation Solutions Backed by institutional legacy. Gaurav Narang B. With a large client franchise built.now these is no need of walking up to the bank branch. ICICI Bank's Investment Banking team can design solutions for special situations like CDR. However to meet expansion and growth plans. OTS. shopping. . We have developed a strong network of domestic and international investors who are keen to partner with such success stories in India and these players solicit our advice for investing into such companies. Online Services ICICI Bank provides a variety of online services. every time you need to do your banking. We at ICICI Bank provide assistance on both buy side and sell side transaction. We at ICICI Bank. From paying your bills to transferring funds.A 52 . sending a money order and doing lots more. the amount of capital that a promoter can infuse in the business becomes limited. Buy And Sell Side Advisory Inorganically adding growth to a business or hiving off non-core activities or opportunity to realize right value for the business created or an instance of taking a company on a bigger scale are the ways to strategize today.

ICICI Bank won the first place in "Maximizing Enterprise Intellectual Capital" category. 2009 • Best NRI Services bank • Excellence in Private Banking.A 53 . October 26. ICICI bank won in three categories at World finance Banking awards on June 16. AWARDS & RECOGNITION  For the third year in a row ICICI Bank has won The Asset Triple A Country Awards for Best Domestic Bank in India. 2009. APAC Region. Chanda Kochhar. MD and CEO was awarded with the Indian Business Women Leadership Award at NDTV Profit Business Leadership Awards .B. India. one for the most preferred auto loan and the other for most preferred credit Card. 2009. ICICI Bank received two awards in CNBC Awaaz Consumer Awards. ICICI Bank Mobile Banking was adjudged "Best Bank Award for Initiatives in Mobile Payments and Gaurav Narang B. 2009.5 year ADR GDR linked Range Accrual Note. August 2009. Managing Director & CEO ranked in the top 20 of the World's 100 Most Powerful Women list compiled by Forbes. Chairman with the Lifetime Achievement Award . Ms Chanda Kochhar. Ms. Kamath. In addition ICICI Bank were Highly commended . October 28. ICICI Bank won Asset Triple A Investment Awards for the Best Derivative House.. Local Currency Structured product. Financial Express at its FE India's Best Banks Awards. 2009. K. APAC Region • Excellence in Remittance Business. India for 1. July 2009. on September 30. ICICI Bank won the Most Admired Knowledge Enterprises (MAKE) India 2009 Award. honoured Mr.V. July 25.

ICICI Bank's b2 branchfree banking was adjudged "Best E-Banking Project Implementation Award 2008" by The Asian Banker. The scope of certification comprised processes around consulting and capability building on methods of quality & improvements.A 54 .B. ICICI Bank Canada received the prestigious Canadian Helen Keller Award at the Canadian Helen Keller Centre's Fifth Annual Luncheon in Toronto. ICICI Bank is ranked 2nd amongst 57 savings products across 19 banks ICICI Bank Germany won the yearly banking test of the investor magazine €uro in the “call money”category. The other awards have been bagged for the third year in a row. 2009 in Hyderabad. ICICI Bank's Rural Micro Banking and Agri-Business Group wins WOW Event & Experiential Marketing Award in two categories . 2009 at the China World Hotel in Beijing. ICICI Bank bags the “Best bank in SME financing (Private Sector)” at the Dun & Bradstreet Banking awards 2009. The ICICI Bank was awarded the runner's up position in Gartner Business Intelligence and Excellence Award for Asia Pacific for its Business Intelligence functions. ICICI Bank's Germany Branch has been certified by “Stiftung Warrentest”. ICICI Bank has been awarded the following titles under The Asset Triple A Country Awards for 2009: • Best Transaction Bank in India • Best Trade Finance Bank in India • Best Cash Management Bank in India • Best Domestic Custodian in India ICICI Bank has bagged the Best Cash Management Bank in India award for the second year in a row.Banking" by IDRBT. The award was given to ICICI Bank its long-standing support to Gaurav Narang B. on May 18. These awards were given for Cattle Loan 'Kamdhenu Campaign' and 'Talkies on the move campaign' respectively. ICICI Bank's Organisational Excellence Group was recently awarded ISO 9001:2008 certification by TUV Nord. ICICI Bank NRI services wins the “Excellence in Business Model Innovation Award” in the eighth Asian Banker Excellence in Retail Financial Services Awards Programme. on May 11.“Rural Marketing programme of the year” and “Small Budget On Ground Promotion of the Year”.

A 55 . Chapter 3 RESEARCH METHODOLOGY Gaurav Narang B.B.this unique training centre for people who are deaf-blind.

It is due to this reason that research methodology. Research Methodology is a way to systematically study and solve the research problems. reliability and adequacy of results obtained. So. If a researcher wants to claim his study as a good study.  Analysis and interpretation of Data  Limitation of study Gaurav Narang B. needs to be elaborated upon. he must clearly state the methodology adapted in conducting the research the research so that it way be judged by the reader whether the methodology of work done is sound or not.  Research Problem.A 56 . It may be understood as a science of studying how research is done scientifically. the research methodology not only talks about the research methods but also considers the logic behind the method used in the context of the research study.  Data Collection method.  Research Design.Research methodology The procedure adopted for conducting the research requires a lot of attention as it has direct bearing on accuracy. The Research Methodology here includes: Objective of study  Meaning of Research. which we used at the time of conducting the research.B.

2) To analyse the financial statements of the corporation to assess it’s true financial position by the use of ratios.OBJECTIVE OF THE STUDY Objectives are the ends that states specifically how goal be achieved. Secondary objective 1. 2. IMPORTANCE OF THE STUDY • • By “FINANCIAL PERFORMANCE ANALYSIS OF ICICI Bank” we would be able to get a fair picture of the financial position of ICICI Bank. These are shown below :1. Primary objective :- 1) To study the software used in ICICI Bank. 57 Gaurav Narang B. I have two objectives regarding my research project. Every study must have an objective for which all the efforts have been done. By showing the financial performance to various lenders and creditors it is possible to get credit in easy terms if good financial condition is maintained in the company with assets outweighing the liabilities. Without objective no research can be conducted and no result can be obtained. 2) To see whether ICICI Bank is going well or not in different areas. The objective of the study gives direction to go through the research problem. Objectives are the main aspect of every study. Primary objective 2. On the basis of objective all the research process is followed. Secondary objective :1) To find out the shortcomings in ICICI Bank.B. It guides the researcher and keeps him on track.A .

an original contribution to the existing stock of knowledge making for its advancement. It is a careful investigation or inquiry especially through search for new facts in any branch of knowledge. “To ERR IS THE HUMAN” is a proverb which indicates that no one is perfect in this world. Research Problem The first step while conducting research is careful definition of Research Problem. “Problem well defined is problem half solved. Research is an art of scientific investigation. Every researcher has to face many problemswhich conducting any research that’s why problem statement is defined to know which type of problems a researcher has to face while conducting any study.” Basically. Compliances with legal requirement. which researcher experiences in the context of either a theoretical or practical situation and wants to obtain the solution for the same.• • Protecting the property of the business. The problem statement here is:“TO MAKE A FINANCIAL ANALYSIS OF FINANCIAL STATEMENTS OF ICICI BANK” Gaurav Narang B.B. Meaning of Research: Research is defined as “a scientific and systematic search for pertinent information on a specific topic”. Making deductions and reaching conclusions to determine whether they if the formulating hypothesis. Research comprises defining and redefining problems. It is said that.A 58 . Research is an academic activity and this term should be used in a technical sense. formulating hypothesis or suggested solutions. Research is thus. The search for knowledge through objective and systematic method of finding solutions to a problem is research. a problem statement refers to some difficulty. Research is a systematized effort to gain now knowledge.

Research Design is the conceptual structure with in which research in conducted. Gaurav Narang B. The design is such studies must be rigid and not flexible and most focus attention on the following:          What is the study about? Why is the study being made? Where will the study be carried out? What type of data is required? Where can be required data be found? What period of time will the study include? What will be sample design? What techniques of data collection will be used? How will the data be analyzed? In what style will the report be prepared? TYPES OF RESEARCH DESIGN :  EXPERIMENTAL RESEARCH DESIGN  EXPLORATORY RESEARCH DESIGN  DESCRIPTIVE& DIAGNOSTIC RESEARCH Exploratory Research Design: This research design is preferred when researcher has a vague idea about the problem the researcher has to explore the subject.A 59 . Research Design includes and outline of what the researcher will do form writing the hypothesis and it operational implication to the final analysis of data. It is a strategy specifying which approach will be used for gathering and analyzing the data. A research design is a framework for the study and is used as guide in collection and analyzing the data.B.Research Design A research designs is the arrangement of conditions for collection and analysis data in a manner that aims to combine relevance to the research purpose with economy in procedure. It constitutes the blueprint for the collection measurement and analysis of data. It also include the time and cost budget since most studies are done under these two cost budget since most studies are done under theses tow constraints.

Diagnostic Research Design It determines the frequency with which something occurs or its association with something else. It was achieved by a direct approach and observation from the officials of the company.A . From the study. where. RESEARCH DESIGN USED IN THE STUDY: Descriptive research design is used in this study because it will ensure the minimization of bias and maximization of reliability of data collected. 60 Gaurav Narang B. suitable. It has always been important for the completion of any report. when and how questions. It is based on some previous understanding of the matter.Experimental Research Design – The research design is used to provide a strong basis for the existence of casual relationship between two or more variables. TYPE OF DATA USED IN THE STUDY The required data for the study are basically secondary in nature and the data are collected from  The audited reports of the company. Research has got a very specific objective and clear cut data requirements The researcher had to use fact and information already available through financial statements of earlier years and analyse these to make critical evaluation of the available material. There are two types of data – PRIMARY DATA It is first hand data. the type of data to be collected and the procedure to be used for this purpose were decided. accurate. Descriptive study is based on some previous understanding of the topic. Data Collection Method The process of data collection begins after a research problem has been defined and research design ahs been chalked out. It provides reliable. which is collected by researcher itself. Researcher has to analyze the data and interprets the results. adequate and specific knowledge.it is the data which is already collected by someone else. Primary data is collected by various approaches so as to get a precise. Hence by making the type of the research conducted to be both Descriptive and Analytical in nature. Descriptive Research Design – It seeks to determine the answers to who. what. The main tool in gathering primary data was investigation and observation.B. SECONDARY DATA . realistic and relevant data.

classified and tabulated for analysis. The study of financial performance can be only a means to know about the financial condition of the company and cannot show a through picture of the activities of the company     . Brouchers of ICICI Bank. Gaurav Narang B. Cash Flow Statement. Ratio itself will not completely show the company’s good or bad financial position. The analytical tools used in this study are: ANALYTICAL TOOLS APPLIED: The study employs the following analytical tools: 1. Methods of data analysis The data collected were edited. the study has been confined for a period of 5 years (2005-2009).B. Limitations of study     Difficulty in data collection.icici.   INTERNET – which includes required financial data collected form ICICI Bank’s official website i. Branch manager was reluctant for giving financial data of the bank. 4.com and some other websites on the internet for the purpose of getting all the required financial data of the bank and to get detailed knowledge about ICICI Bank for the convenience of study.A 61 . The analysis and interpretation are based on secondary data contained in the published annual reports of ICICI Bank for the study period. 2.e www. 3. Trend Percentage.dharmshala contributed a lot to fulfill the requirements in the collection of data in order to complete the project. Ratio Analysis. Due to the limited time available at the disposable . Limited knowledge about the bank in the initial stages. The valuable cooperation extended by staff members and the branch manager of ICICI bank. Inter firm comparison was not possible due to the non availability of competitors data. Comparative statement.

A 62 .B.Chapter 4 FINANCIAL ANALYSIS Gaurav Narang B.

relation and evaluation. Financial statement is the process of selection.B. The second step is to arrange the information in a way to highlight significant relationship. They report profitability and the financial position of the business at the end of accounting period. The two statements are: • • The Balance Sheet Profit And Loss Account They provide some extremely useful information to the extent that balance Sheet mirrors the financial position on a particular date in terms of the structure of assets.A 63 . The final step is interpretation and drawing of inference and conclusions. The team financial statement includes at least two statements which the accountant prepares at the end of an accounting period. liabilities and owners equity. The first task of financial analysis is to select the information relevant to the decision under consideration to the total information contained in the financial statement.INTRODUCTION OF THE TOPIC Meaning Of Financial Statements Financial statements refer to such statements which contains financial information about an enterprise. Meaning Of Financial Analysis The term financial analysis is also known as ‘analysis and interpretation of financial statements’ refers to the process of determining financial strength and weakness of the firm by establishing strategic relationship between the items of the Balance Sheet. Thus the financial statement provides a summarized view of financial positions and operations of a firm. Profit and Loss account and other operative data. Gaurav Narang B. and so on and the Profit And Loss account shows the results of operations during a certain period of time in terms of the revenues obtained and the cost incurred during the year.

To know the solvency. Procedure of Financial Statement Analysis The following procedure is adopted for the analysis and interpretation of financial statements: The analyst should acquaint himself with principles and postulated of accounting.B.A 64 .  The extent of analysis should be determined so that the sphere of work may be decided. To know the efficiency of mgt. To know the financial strengths. o To classify the items contained in the financial statement in convenient and rational groups. It will involve the grouping similar data under same heads.  The financial data be given in statement should be recognized and rearranged. He should know the plans and policies of the management so that he may be able to find out whether these plans are properly executed or not.Features of Financial Analysis o To present a complex data contained in the financial statement in simple and understandable form. Purpose of Analysis of financial statements         To know the earning capacity or profitability. o To make comparison between various groups to draw various conclusions. To provide useful information to mgt. If the aim is find out. Earning capacity of the enterprise then analysis of income statement will be undertaken. On the other hand. if financial position is to be studied then balance sheet analysis will be necessary. To know the trend of business. To make comparative study with other firms. Breaking down of Gaurav Narang B. To know the capability of payment of interest & dividends.

common size.Hence internal analysis is made by the management. external analysis is less Gaurav Narang B. On The Basis Of Process Of Analysis a) Horizontal Analysis: This is used when the financial statement of a number of years are to be analysed. b) External Analysis : This analysis is made on the basis of published statements.B. This analysis indicates the strengths and weaknesses of the firm. Such analysis indicates the trends and the increase or decrease in various items not only in absolute figures but also in percentage form. 2.financial analysis etc. This analysis is also called as dynamic analysis because it also shows the trend of the business.A 65 . trends. This gives us more concrete bases for future planning. For this type of analysis we generally use common size statements and the ratio analysis. The data is reduced to a standard form.  The information is interpreted in a simple and understandable way.  A relationship is established among financial statements with the help of tools & techniques of analysis such as ratios.  The conclusions drawn from interpretation are presented to the management in the form of reports. Among these two types of analysis. Internal analysis is more reliable and helpful for financial decisions. It involves a study of quantitative relationship among various items of balance sheet and profit and loss account.individual components of statement according to nature. horizontal analysis is more useful because it brings out more clearly the trends of working of a firm. fund flow etc.reports and informations. The significance and utility of financial data is explained for help in decision making. Vertical analysis is useful when we have to compare the performance of different departments of the same company.  Types Of Financial Analysis There are different ways of analysis the financial statements: 1. b) Vertical Analysis : This is used when financial statements of a particular year or on a particular date are analyzed.investors. This type of analysis is static analysis because this is based on the financial results of one year. On The Basis Of Information Available a) Internal Analysis: This analysis is based on the information available to the business firm only .banks. This analysis is made by external parties such as creditors.

On The Basis Of Objectives a) Accounting Analysis: Accounting analysis is analysis of past financial performance and involves examining how generally accepted accounting principles and conventions have been applied in arriving at the values of assets. a. Such statements not only show the absolute figures of various years but also provide for columns to indicate Gaurav Narang B. revenues and expenses. it is called inter-firm analysis. g. The principal techniques of financial analysis are:a.B. liabilities. b) Intra -Firm Analysis : intra-firm analysis is concerned with the analysis of financial performance of different units or departments or segments of the same enterprise or company. 3. Out of these. This is quite complicated analysis.A 66 . Comparative financial statements Common-size statements Trend analysis Ratio analysis Funds flow analysis Cash flow analysis Break even point analysis Comparative Financial Statements: When financial statements figures for two or mote years are placed side-side to facilitate comparison. 4. c. d. b) Prospective Analysis : Prospective analysis involves developing forecasted financial statements keeping in view the changes that are likely to shape and affect the business given the assumptions about these changes and the limitation of the forecasting technique used. b. Similarly when financial statements of two or more years of the same firm are analyzed and compared it is also called as intra-firm analysis. these are called ‘comparative Financial Statements’.reliable in comparison to internal analysis because of limited and often incomplete information. On The Basis Of Number Of Firms a) Inter-Firm Analysis : When financial analysis of two or more companies or firms are analyzed and compared over a number of accounting period. and enterprise can choose those techniques which are suitable to its requirements. These are also termed as techniques or tools of financial analysis. Methods/Tools Of Financial Analysis A number of methods can be used for the purpose of analysis of financial statements. f. e.

Comparison and analysis of financial statements may be carried out using the following tools: 1.in various assets . In addition.To enable forecasting 5.To compare the performance 7. Objectives purpose or significance of comparative financial statements 1. by assuming net sales as 100(i. Gaurav Narang B. these statements may also show the change from one year to another on percentage form. Common. in common –size balance sheet .To indicate the trends 4. Such cooperative statements are of great value in forming the opinion regarding the progress of the enterprise. 2.Comparative Balance Sheet : The comparative balance sheet shows increase and decrease in absolute terms as well as percentages . taking the item in preceding accounting period as base.Size Statements: Common size statements are such statements in which the items of financial statements are covered into percentage of common base.To indicate the strengths and weaknesses of the firm 6. A comparative analysis of balance sheets of two periods provides information regarding progress of the business firm. The main purpose of comparative balance sheet is to measure the short.To analyse profits Tools for comparison of financial statements Comparative financial statement is a tool of financial analysis that depicts change in each item of the financial statement in both absolute amount and percentage term.total assets are assumed to be 100 (i.to increase ort decrease in these figures from one year to another.Compartative income statements facilitate the horizontal analysis since each accounting variable is analysed horizontally.To simplify data 2. Similarly.e %) and individual assets are expressed as percentage. Comparative Income Statement : Comparative income statement is prepared by taking figures of two or more than two accounting periods.To analyse expenses 8.A 67 .term and longterm solvency position of the business.e %)and other individual items are converted as percentage of this. b. In common-size income statement.B.To make inter period/inter-firm comparison 3.to enable the analyst to have definite knowledge about the progress of the business.liabilities and capital.

Presenting the change in various items in relation to total assets or total liabilities or net sales.this statement facilitate the vertical analysiss since each accounting variable is analyzed vertically. Providing a common base for comparison. c. Types of common size statements 1. That is why it is known as percentage balance sheet. 3. Trend Analysis: Trend percentage are very useful is making comparative study of the financial statements for a number of years. This helps in future forecasts of various items. Each item of bease year is assumed to be equal to 100 and on that basis the percentage of item of each year calculated.A 68 . One can draw conclusion. 2. regarding the behaviour of expenses over period of time by examining these percentages. Ratio Analysis: Meaning : Gaurav Narang B. Common-Size Balance Sheet : A common –size balance sheet is a statement in which total of assets or liabilities is assumed to be equal to 100 and all the figures are expressed as percentage of the total. For calculating trend percentages any year may be taken as the ‘base year’.B. Establishing a relationship. These indicate the direction of movement over a long tine and help an analyst of financial statements to form an opinion as to whether favorable or unfavorable tendencies have developed. Common-Size Income Statement: Common-size income statement is a statement in which the figures of net sales is assumed to be equal to 100 and all other figures of “profit and loss A/c” are expressed as percentage of net sales.Objectives of common size statements 1. 2. Common-size balance sheet facilitate the vertical analysis since each item of the Balance Sheet is analyzed vertically. d.

A 69 . 2. 9.Absolute figures expressed in financial statements by themselves are meaningfulness. False accounting data gives false ratios 2. Window-Dressing 9. Limited use of a single Ratio. Anthony.” “A ratio is simply one number expressed in terms of another. Percentage Fraction.” TYPES OF RATIOS 1. 7. 6. Ratios may be misleading in the absence of absolute data. 3. accounting policies. “According to R. LIMITATION OF RATIO ANALYSIS 1. Simplification of accounting data. Lack of proper standards. 8. Helpful in comparative study. Comparisons not possible of different firms adopt different 3. 3. 8. It is found by dividing one number into the other.N. Ratio alone are not adequate for proper conclusions Gaurav Narang B. 7. 10. Helpful in locating the weak spots of the business. Rate or so many Times. 4. Ratio analysis becomes less effective due to price level 5. 5. change 6. Helpful in forecasting Estimate about the trend of the business Fixation of ideal standards Effective control Study of financial soundness. expressed in arithmetical terms is called a ratio. Thus. it can be say that the relationship between two figures.B. 4. 4. These figures often do not convey much meaning unless expressed in relation to other figures. Helpful in analysis of financial statements. 2. Proportion or Pure Ratio or Simple ratio. OBJECTS AND ADVANTAGES OR USES OF RATIO ANALYSIS 1.

Debit Equity Ratio and Interest Coverage Ration. -Absolute liquid or -Cash Ratio. operating ratio or capital employed. Debtors Turnover Ratio Fixed Assets Turnover Ratio Total Asset Turnover Ratio Profitability Ratios In Relation to Sales. Gross Profit Ratio.g.11. Profitablity Ratios: These ratios measure the results of business operations or overall performance and effective of the firm e.g. Net Profit Ratio.A 70 . debtors turnover ratio. Long –Term Solvency and Leverage Ratios : Long-term solvency ratios convey a firm’s ability to meet the interest cost and repayment schedules of its long-term obligation e. (a) In relation to Sales. Operating Ratio.g. CLASSIFICATION OF RATIOS In view of the financial management or according to the tests satisfied. Leverage Ratios. -Debtors Turnover Ratio Financial Operating Composite -Debt. Expenses Ratio In relation to Gaurav Narang B. and (b)In relation in Investment FUNCTIONAL CLASSIFICATION IN VIEW OF FINANCIAL MANAGEMENT OR CLASSIFICATION ACCORDING TO TESTS Liquidity Ratios Long-term Activity Ratios Solvency and Leverage Ratios -Current Ratio -Liquid Ratio (Acid) Test or Quick Ratio. Effect of personal ability and bias of the analyst. two types of profitability ratios are calculated. Activity Ratios: Activity ratios are calculated to measure the efficiency with which the resource of a firm have been employed. various ratios have been classifieds as below: Liquidity Ratios : These are the ratios which measure the short-term solvency or financial position of a firm. These ratios are calculated to comment upon the short-term paying capacity of a concern or the firm’s ability to meet its current obligations. Operating Profit Ratio. gross profit ratio.B. These ratios are also called turnover ratios because they indicate the speed with which assets are being turned over into sales e. Generally. Equity Ratio -Debt to Total Capital Ratio -Interest Coverage Ratio Inventory Turnover Ratio.

Study of the Trend of Cash Receipts and Payments. Useful in Preparing the Cash Budget. Helpful in Making Dividend Decisions. 6. Payables Turnover Ratio Capital Employed Turnover Ratio investments Return on Investments. 5. Price Earning Ratio. 3. Helpful in Ascertaining Cash Flow from various Separately. 2. Useful for Short-Term Financial Planning.B. Objectives of Cash Flow Statement : 1. Comparison with the Cash Budget. it is a summary of sources and applications of each during a particular span of time.-Creditors Turnover Ratio -Inventory Turnover ratio -Capital Gearing Ratio Working Capital Turnover Ratio. 7. CASH-FLOW STATEMENT A cash – flow statement is a statement showing inflows (receipts) and outflows (payments) of cash during a particular period. In other words. Return on total Resources Earning per share. Return on capital.A 71 . It explains the Deviations of Cash from Earnings. Return on Equity Capital. 4. Gaurav Narang B.

60 225616.53 8663.68 0.91 226161.85 72 .00 350.17 25227.A 6344.96 ASSETS: Cash And Balances With RBI Balances With Banks.00 22555.37 8105.26 230510.64 344658.Mar2008.53 0.17 167659.88 251388. (Rs. As On Mar 2005.39 399795.25 21396.02 350.15 8934.00 21316.99 165083.33 12430.08 17536.29 1113.83 889.07 91405.00 49883.00 11813.12 1462.78 33544.48 38228.68 1112.53 43746.83 0.11 18706.92 0.Mar 2007.Money At Call Advances Gaurav Narang B.90 6585.00 350.08 1463.00 24663.00 12899.29 0.75 736.43 379300.34 0.73 0.BALANCE SHEET OF ICICI BANK LTD.21 244431.05 65648.60 29377.Mar2009.45 195865.23 218310.16 0.69 42895.88 18414.95 1249.00 23413.00 46820.34 899.75 0.82 67323.97 99818.00 350.17 38521.B.19 51256.03 306429. In crores) 2005 CAPITAL AND LIABILITIES: Total Share Capital Equity Share Capital Share Application Money Preference Share Capital Reserves Revaluation Reserves Net Worth Deposits Borrowings Total Debt Other Liabilities And Provisions Total Liabilities 2006 2007 2008 2009 1086.50 146263.00 45357.43 356899.69 335554.85 146163.42 1239.00 350.00 48419.20 0.Mar 2006.02 218347.

55 28.71 445.00 20574.65 1487.78 15025.11 4108.00 24163.67 170.17 33.00 2927.62 0.55 889823901 177054.59 899266672 371737.56 2375.09 3801.04 96.78 1113250642 Gaurav Narang B.B.63 399795.61 4038.85 3980.66 16300.34 7036.Investments Gross Block Accumulated Depreciation Net Fixed Assets Capital Work In Progress Other Assets Total Assets 50487.92 36678.71 3642.14 3923.64 37.39 5968.18 22717.35 5525.22 736716094 119895.59 167659.35 27.) EPS No.A 73 .37 34.30 8702.23 270.42 189.07 103058.55 417.37 1112687495 803991.36 29377.94 12509.11 111454.84 6298.79 9803.62 379300.26 344658.95 91257.96 Contingent liabilities Bills for collection Book value(Rs.57 251388.40 71547.31 7443.57 1987.72 147.89 0.21 249. of equity shares 97507.

01 74 .32 6193.07 0.00 901.Mar2007.31 0.34 8810.27 5156.53 2540.80 522 2005.00 249.67 1594.06 5874.11 23484.58 151.49 4983.12 0.Mar2008.51 14076.00 998.00 417.00 0.29 0.45 4479. In Crores) 2005 INCOME: Interest Earned Other Income Total Income EXPENDITURE: Interest Expended Operating Expenses Total Expenses Operating Profit Other Provision And Contigencies Provision For Tax Net Profit Extraordinary Items Profit B/F Total Preference Dividend Equity Dividend Corporate Dividend Tax Pershare Data Eps(Rs.44 3403.00 2008 30788.55 248.64 1342.78 110.00 600.69 2904.22 0.00 53.69 1320.37 110.33 106.56 23049.22 2728.04 8925.00 1224.10 34.00 188.00 632.66 0.11 29771.04 2956 428.22 85.42 7960.37 1351.17 153.07 556.50 6690.Mar2006.50 28.17 2008.23 3808.14 18767.42 0.59 898.04 6570.01 2009 31092.20 0.A 9409. For The Year Ended Mar2005.00 270.46 16358.29 5929.35 547.10 27.58) 2436.00 1227.70 149.89 3299.PROFIT AND LOSS ACCOUNT OF ICICI BANK LTD.) Equity Dividend(%) Book Value(Rs) Appropriations Transfer To Statutory Reserve Transfer To Other Gaurav Narang B.09 2058.73 0.63 9597.59 100.15 9870.26 1358.37 4157.40 2226.96 90.82 3110.93 7045.00 445.13 (0.21 33.72 38696.55 7603.84 3758.B.29 0.00 759.Mar2009 (Rs.96 4690.24 8154.90 3416.55 85.01 2006 13784.36 537.67 37.00 293.00 170.87 0.17 28923.27 22725.34 2007 22994.77 39599.14 12826.18 31638.

3) 41.5 213.04 .17 55136.1) 75 .2 81 37 20196.04 7 (11) 2.72 23871.27 3403.37 2436.27 998.86 14392.26 851.1) ASSETS: Investments Advances Fixed assets Capital Work In Progress Current assets TOTAL ASSETS: Gaurav Narang B.71 14 80 65 15 18 9.49 (57.4) 54 37 50 19710.8 10 40 33 51.23) 1675.66) 5194.16 27.64 7917.51 2097.61 13920.Reserve Proposed Dividend/Transfer To Govt Balance C/F To Balance Sheet Total 723.23 83729.25) (7.44 2728.2 (26083.17 37 55136.04 54757.02 12734.32) 51.76 65427.79 2809.5) (3.4) 28.55 50 93269.65 6193.00 (8) (5.75 17 94 6 28 12 0.96 22 15 5 -100 10 16 (8396.55 42 60 (1.12 13000.A 21060.00 (4485.5) 0. in crores) 2008-2009 Absolute change % of chang e CAPITAL AND LIABILITIES: Capital Reserves and surplus Deposits Borrowings Other Liabilities and Provisions TOTAL CAPITAL AND LIABILITIES 153.47 (189.12) (5.B.4 4666.30 1054.48 185.23 (307.06 188.39 4977.58) (20494.5 34 (1.41 3831.83 293.32 5156.5 29750.76 0.22 2058.96 (57.5 2 83729.34 21943.96 65264.01 1375.45 49702.61 3062.96 16 (20494.08 9502.29 865.87 FINANCIAL STATEMENT ANALYSIS Comparative Balance Sheet Of ICICI Bank From 2005-2006 To 20082009 PARTICULARS 2005-2006 Absolut e change % of chang e 2006-2007 Absolut e change % of chang e 2007-2008 Absolut e change % of chang e (Rs.8 93269.03) (7305.11) (7.27) 0.66 1377.

increased by 5% in 2007-08 and again decreasing by 7.25% in 2008-09.5% in 2008-09.This shows that there is fluctuation in the rate of increase in the capital. Gaurav Narang B.this is mainly due to increase in the rate of depreciation in the subsequent years.this is mainly due to the repayment of deposits in the years 2008-09.in 2008-08 the borrowings have increased at a very low rate.04 % in 2008-09.8% in 2006-07.17% in 2007-08.this shows that the bank is effectively ustilising its working capital.e at 10%.  Thre has been a consistent decline in the fixed assets over years.0. This shows that bank is effectively utilizing its reserves and surplus.  The investments are also increasing but with lower rates compared to the preceding years.  A huge fluctuation is revealed from current assets.Interpretation  The capital of bank increased by 14% in 2005-06.and .there is a fall in current assets in 2008-09 by 8 %.in 2008-09 deposits fall by 11%.A 76 .B.and an increase of 6% in 2007-08.  The borrowings are also showing a fluctuating rate of increase.  Similarly advances rose by 60% in 2005-06. In 2005-06 and 2007-08 the rate of increase in capital is more than that of 2006-07 and 2008-09.  There is a huge fluctuation in the rate of increase in reserves and surplus also.this shows that the bank has repayed its deposits in this year.in 2006-07 it increased by 40%.4 % .in 2005-06 and 2006-07 it decreased by 1.rate of increase rose to 80% in 2006-07 and then the it increased at a much lower rate i.  In 2005-06 deposits increase by 65%. it increased by 37% in 2005-06.an increase of 34% in 2006-07.this shows that bank has repaid a large amount of borrowings in this year and thereby reducing the dependence on outside debt.15% increase in 2007-08 and finally decresed by 3.

3 64 25.4 0.2 7125.36 4206.05 1037.05 2211. in crores) 2008-2009 Absolut e change % of change INCOME: Operating income EXPENDITURE: 5941 46.1 1199.22 675.84) (2.92 1734.00 105.14 (399.2 35.1 1183.this may be due to decline in operating income and inresed tax liability in the year 2008-09.A 77 .00 21 51.5 22 37.78 1047.00 704.3 10156 54.87 0.8 534.83 1752. Comparative Income Statement Of ICICI Bank From 2005-2006 To 2008-2009 PARTICULARS 2005-2006 Absolute change % of change 2006-2007 Absolut e change % of chang e 2007-2008 Absolut e change % of chang e (Rs.51 0.13 670 126.e it increased by 27% in 2005-06.29 43.B.3) Interest expended Operating expenses Total expenses Operating profit Provision and contigencies 3026.56 1180.15 0.34 37.74 1463.31) (1109.38) 964.55 613.00 254.5 34 0.9) 12.62 8589.5 22.22.1 27 0.6) (0.4 1364.00 135. Gaurav Narang B.5 (758.00 144 20 Net profit for the year Extraordinary items Profit brought forward TOTAL PROFIT/ (LOSS): Interpretation:-  The net profit shows a fluctuating trend i.1 10676 37 (902.4% increase in 2006-07.54 (3) (14) (5.73 70.and increased by 34% in 2007-08 and finally if falls by 10% in2008-09.37 28.87 36 (10) 0.05 8972.67 46 36 43 59 6761.4 49.07 (1867.58) 1438.58 570.1.00 56 25 1038.36 2086.5 32.

Gaurav Narang B.A 78 .TREND ANALYSIS Trend Percentage Of ICICI Bank From 2004-2005 To 2008-2009 (base year 2004 -05) Percentage(%) figures Particulars Deposits Advances Net profit 2005 100 100 100 2006 165 160 127 2007 231 214 155 2008 245 247 207 2009 219 239 187 T ren d g ra ph o f IC ICI B an k 300 250 percentage(%) 200 150 100 50 0 2005 2006 20 07 Years 2008 2009 D E P O S ITS A D V A NC E S NE T P RO F IT Interpretation:  There is a continous increase in the deposits till the year ending 2008 followed by a downfall in the year ending 2009 due to repayment od deposits in this year. The interest expenses from the period 2005 to 2008 showed an increasing trend but decresed in 2008-09 due to repayment of borrowings.B. 2.

A 79 .01 Current Ratio 1. The overall performance of the bank is satisfactory.79 53421.56 29549. CURRENT RATIO: RATIO ANALYSIS An indication of a company's ability to meet short-term debt obligations.17 1.18 21396.39 1.64 42895.4 1.In four years it has been more than double.59 58615.6 1. In crores) Current Liabilities (Rs. 3.2 0 2005 2006 2007 Years 2008 2009 1.8 0. the higher the ratio. If the current assets of a company are more than twice the current liabilities. then that company is generally considered to have good short-term financial strength.88 38228.36 1.16 25227. Current ratio is equal to current assets divided by current liabilities. In crores) Current Ratio 1.23 Year 2005 2006 2007 2008 2009 Current Assets (Rs.01 1.39 1.36 1. the more liquid the company is.  There has been a substantial increase in net profit till the year year ending 2008.4 0.43  Interpretation: Gaurav Narang B.38 43746. CURRENT RATIO = CURRENT ASSETS / CURRENT LIABILITY Current Ratio of ICICI Bank for the period of 2005-2009 1.2 1 Ratio 0.23 21632.17 1.76 54130. Similarly advances also shows as increasing trend till the year ending 2008 followed by a slight downfall in the year ending 2009.B. then the company may have problems meeting its short-term obligations.6 0. If current liabilities exceed current assets.

2 1 0. The ratio of 2 is considered as a safe margin of solvency due to the fact that if current assets are reduced to half (i.6 0.38 43746.8 Ratio 0.2 0 2005 2006 2007 Years 2008 2009 0. But here the current ratio is less than 2 and more than 1 which shows that the bank have current assets just equal to the current liabilities which is not satisfactory as the safety margin is very less or zero. Here this ratio Gaurav Narang B. A higher value of ratio is considered favourable.33 38041.56 21396. LIQUID RATIO: Liquid ratio is also known as ‘Quick’ or ‘Acid Test ‘Ratio.4 0.64 42895.68 Liquid Ratio 2005 2006 2007 2008 2009 12929.e.67 0.43 0.16 25227.60 0. then also the creditors will be able to get their payments in full. Liquid assets refer to assets which are quickly convertible into cash.B.88 0.there is atleast one rupee of liquid assets.88 0.97 0.A 80 .An ideal solvency ratio is 2.88 38228.13 29966. Quick Ratio = Total Quick Assets Total Current Liabilities Quick Assets = Total Current Assets – Inventory Liquid Ratio of ICICI Bank for the period of 2005-2009 1. Therefore the bank should keep more current assets so that it can maintain a satisfactory safety margin.97 17040.) 1 instead of 2. Current Assets other stock and prepaid expenses are considered as quick assets.22 37121.97 0.68  Interpretation: A quick ratio of 1:1 is considered favourable because for every rupee of current liability.67 0.6 0.

59 37.9823 89.A .78 81 2005.55 34.2 2540.59 37. In crores) EPS 27. EARNING PER SHARE: In order to avoid confusion on account of the varied meanings of the term capital employed. Of Equity Shares (Rs. It also helps in estimating the company’s capacity to pay dividend to its equity shareholders.B.13 73.78 Year 2005 2006 2007 2008 2009 Net Income Available For Shareholders (Rs.73 3758. Earnings Per Share 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 Earnings Per Share 27.22 28.9266 111. of Equity shares The earning per share of the company helps in determining the market price of the equity shares of the company.55 34. the overall profitability can also be judged by calculating earning per share with the help of the following formula: Earning Per Equity Share = Net Profit after Tax –Prefrence Dividend No.22 4157.37 33.Therefore bank should rationally utilise its funds to maintain an ideal liquid ratio.2687 111. In crores) No. This means the bank has not managed its funds properly in this particular period.325 Gaurav Narang B.22 28.is less than 1 in 2005.2006 & 2009 but in 2007 & 2008 it is close to 1 which is not satisfactory.07 3110. A comparison of earning per share of the company with another will also help in deciding whether the equity share capital is being effectively used or not.37 33.6716 88.

03 11 632. of equity shares. Of Equity Shares (Rs.B.It affects the market price of shares.02 11.96 759.6716 88.02 8. In crores) No.9266 111.2687 111.325 Gaurav Narang B.It is very helpful for potential investors to know the dividend paying capacity of the company.17 1227.33 901. Here the Earning Per Share is shows a persistent increase till the year 2008 after that in the year 2009 Earning Per share is followed by a downfall due to decline in profits.59 8.9823 89.It affects the market value of the company. In crores) DPS 8.7 1224.53 Dividend Per Share Ratio 11. DIVIDEND PER SHARE : It is expressed by dividing dividend paid to equity shareholders by no.59 8. Dividend Per Share = Dividend Paid To Equity Shareholders No.03 11 Year 2005 2006 2007 2008 2009 Dividend Paid (Rs. Interpretation: Earning Per Share is the most commonly used data which reflects the performance and prospects of the company.this shows the per share dividend given to equity shareholders.58 73. Of Equity Shares Dividend Per Share 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.A 82 .53 10.

NET PROFIT RATIO: This ratio indicates the Net margin on a sale of Rs.5 Ratio(%) 15 12.3 20 18.B. An increase in the ratio over the previous period indicates improvement in the operational efficiency of the business.55 Net Profit Ratio (in %) 21.52 13.42 13. Interpretation: Here the Dividend Per Share is increasing year after year except a little decline in 2009.49 22994.otherwise the dividend per share ratio of the bank is quite satisfactory which shows the bank has a good dividend paying capacity.2 2540.42 13. In crores) Sales (Rs.29 30788. It is calculated as follows: Net Profit Ratio = Net Profit X 100 Net Sales This ratio helps in determining the efficiency with which affairs of the business are being managed.08 Net Profit Ratio 10 5 0 2005 2006 2007 Years 2008 2009 Year 2005 2006 2007 2008 2009 Net Profit (Rs.34 31092. Net Profit Ratio of ICICI Bank for the period of 2005-2009 25 21.5 12.A .73 3758.100.07 3110.08 83 Gaurav Narang B.3 18.13 9409. In crores) 2005.22 4157.52 13.9 13784. The ratio is thus on effective measure to check the profitability of business.

69 8925.02 31. Interpretation: Although both the sales and net profit have increased during the above period but the Net Profit Ratio of the bank is declining continuously.41 28. OPERATING PROFIT RATIO: This ratio is calculated as follows: Operating Profit Ratio = Operating Profit Net Sales X100 The difference between net profit ratio and net operating profit ratio is that net operating profit is calculated without considering non-operating expenses and non-operating incomes.7 2956 4690.49 22994.02 25. If we deduct this ratio from 100.55  Interpretation: Gaurav Narang B.A 84 .B.67 5874. Operating Profit Ratio of ICICI Bank for the period of 2005-2009 40 35 30 Ratio 25 20 15 10 5 0 2005 2006 2007 Y ears 2008 2009 Operating Profit R atio 34.54 25.54 25.9 13784.29 30788.the result will be operating ratio.34 31092. This is because of the reason that net profits have not increased in the same proportion as of the sales.7 25. In crores) Operating Profit Ratio (in %) 31.41 34. Higher operating profit ratio enable the organization to recoup non-operating expenses out of operating profits and provide reasonable return.85 Year 2005 2006 2007 2008 2009 Operating Profit (Rs.4 7960.85 28.23 9409. In crores) Sales (Rs.

41% & 34.54 12.26 46820. It judges the earning capacity of the company and the adequacy of return on proprietor’s funds.54 11.88 7. In crores) 12899. After that it has been consistently declined from the year 2007 till 2008 and again gaining momentum in 2009.88 7.Therefore the bank should check on unnecessary operating expenses to correct this situation and to provide a sufficient return.53 Gaurav Narang B.73 3758.26 15.61 8.13 Shareholder's Fund (Rs.61 8.Shareholders and potential investors are interested in this ratio.21 49883.In the year 2005 & 2006 the operating profit is 31.A 85 .53 Return On Net Worth Year 2005 2006 2007 2008 2009 Net Profit After Interest And Tax (Rs.02 Return On Net Worth (in %) 15.99 24663.02% respectively.97 22555.B. In crores) 2005.2 2540.It is calculated as below: Return On Net Worth = Net Profit After Interest And Tax x 100 Shareholder’s Funds Return On Net Worth 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 11.22 4157.26 12.07 3110. RETURN ON NET WORTH: It measures the profitability of the business in view of the shareholders. This may be due to the reason that operating expenses have been increased more as compared to sales during the above period consequently reducing the operating profits.

48 356899.29 Gaurav Narang B.consequently the networth ratio has declined considerably and has reduced to more than half in the year 2009 than it was in 2005.05 20006.22 5.61 6. It also shows how efficiently the resources are used in the business.99 8.29 Year 2005 2006 2007 2008 2009 Net Profit Before Interest And Tax (Rs. It is calculated as below: Return On Capital Employed 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 Capital Employed 6. It indicates the percentage of return on the total capital employed in the business.09 12694.99 8.comparison of one unit with that of the other or performance in one year with that of the same unit is possible. It measures the overall efficiency and profitabilityof the business in relation to investment made in business.54 28540.53 Return On Capital Employed (in %) 6.25 226161. In crores) 9098.52 7.A 86 .operating expenses and taxation liability. In crores) 146263.52 7.17 306429.34 27842.22 5.This ratio is also known as Return On Investment. RETURN ON CAPITAL EMPLOYED: It establishes relationship between profit before interest and tax and capital employed.61 6.69 335554.B. Interpretation: The net profit after interest and tax have increased slowly till the year 2008 followed by a downfall due to high interest payments.9 Capital Employed (Rs.

2008 and year 2009 respectively.53 6.97 6.A 87 . In crores) Equity (Rs.97 22555.86 352974.14 7.99 10.Long-term creditors can assess the security of their funds in a business.97 7. 2007. Debt Equity 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 11.96 319994.29% in year 2006. In crores) Debt Equity Ratio 11.99 24663.22% in year 2005. DEBT.7.26 46820.45 228832.6.99% and 8.This ratio indicates the relationship between long-term debts and shareholder’s funds.This ratio measures the earning of the net assets of the business.14 12.87 329417.94 12899.It also helps to determine the relative stakes of outsiders and shareholders.53 12.6 Debt Equity Ratio Year 2005 2006 2007 2008 2009 Debt (Rs.61%.B.6 154759.A low Debt-Equity ratio is considered better from the point of view of creditors. After that it rised to the tune of 5.99 10. It helps to assess the soundness of long-term financial policies of a business.it indicates to what extent a firm depends upon lenders to meet its long-term financial requirements. Interpretation: The above table exhibit the return on capital employed ratio of the bank for last five years.EQUITY RATIO: The Debt-Equity ratio is calculated to find out the long-term financial position of the firm.The soundness of long-term financial policies of a firm can be determined with the help of this ratio.02  Interpretation: Gaurav Narang B.21 49883.52%. It lead to the conclusion bank rising but very little proportion of return on capital employed. The ratio was 6.

The ratio shows the extent to which funds have been provided by long-term creditors as compared to the funds provided by the owners.as the management has to use lessor debts and vice versa. Proprietory Ratio = Shareholder’s Fund Total Assets It helps to determine the long-term solvency of a company. PROPRIETORY RATIO: It is also called shareholders equity to total equity ratio or net worth to total assets ratio or equity ratio.13 12899.It is calculated by dividing shareholder’s funds by total assets.11 399795.04 0.in its capital structure. In crores) Total Assets (Rs.02 167659.08 0.12 0.This ratio measures the protection available to the creditors.07 379300. Proprietory Ratio of ICICI Bank for the period of 2005-2009 0.97 22555.B.A 88 .12 0.4 251388.99 24663.21 49883.07 0.07 0.Higher the ratio.It compares the shareholder’s funds to total assets.07 0.this shows that the bank is more relying on outside funds as compared to internal sources of capital.14 0.95 344658.lesser is the likelihood of insolvency in future.02 0 2005 2006 2007 Years 2008 2009 0.12 0.this ratio is of great importance to the creditors.08 0.08 0. From the long-term lenders point of view this ratio is not satisfactory.Thus.13 0.Here the Debt-Equity ratio for the above period is always high.26 46820.96  Interpretation: Gaurav Narang B.1 Ratio 0.06 0. In crores) Proprietory Ratio 0.07 Proprietory Ratio Years 2005 2006 2007 2008 2009 Shareholder's Funds (Rs.

49 5. In crores) Net Fixed Assets (Rs.86 3.62 Fixed Assets Turnover Ratio 2.it is calculated as: Fixed Assets Turnover Ratio = Cost of goods sold or Sales Net Fixed Assets It measures the efficiency and profit earning capacity of the business. It was 7% in 2005.This ratio is a measure of efficient use of fixed assets. Hence it leads to the conclusion owners have less than 13% stake in the total assets of the bank.A 89 .86 7.17 Gaurav Narang B. After 2007 it registered increase and was 12% and 13% in the year 2008 and 2009 respectively.It measures the efficient use of fixed assets.17 Ratio 2005 2006 2007 Years 2008 2009 Year 2005 2006 2007 2008 2009 Sales (Rs.72 3923.46 5.29 30788.49 22994.42 4108.greater is the intensive utilization of fixed assets and a lower ratio shows under utilization of the fixed assets.B. Similarly it was once again reduced to 7 % in the year 2007.After that was 8% in year 2006.34 31092. In crores) 9409. It is not a good sign as far the long term solvency is concerned.This ratio has a special importance for manufacturing concerns where investment in fixed assets.Higher the ratio.33 Fixed assets Turnover Ratio 8. Fixed assets Turnover Ratio of ICICI Bank for the period of 2005-2009 9 8 7 6 5 4 3 2 1 0 7.Above table exhibits the proprietary ratio of the bank for last five years .46 2.55 4038.49 8.is vey high and the profitability is significantly dependent on the utilization of these assets. FIXED ASSETS TURNOVER RATIO: It is also called as Sales to Fixed Assets Ratio.9 13784.04 3980.89 3801.33 3.

88 0.84 0. Higher credit deposit ratio shows overall good efficiency and performance of any banking institution.This may be due to increase in rate of depreciation in subsequent years.B.8 0. Credits ×100 Deposits Credit Deposit Ratio = Credit means disbursement of advances Deposit mean sum of fixed deposit.85 0.the fixed assets turnover ratio has been consistently increasing.75 2005 2006 2007 Years 2008 2009 0. Interpretation: Here the fixed assets employed in the business shows a decreasing trend except in the year 2008 where fixed assets have again increased. Credit Deposit ratio of ICICI bank for the period of 2005-2009 1.95 Ratio 0. In crores) Credit Deposit Ratio (in%) 90 . Saving deposit and current deposit. In crores) Deposits (Rs. The ratio shows the relationship between the amount of deposit generated by the bank has well as their deployment towards disbursement of loan and advances.It indicates that fixed assets have been effectively used in the business without much additional investment in the period of study and also the capital is not blocked in fixed assets. Neverthless.92 Credit Deposit ratio 0.99 Year Gaurav Narang B. CREDIT-DEPOSIT RATIO: This ratio is very important to assess the credit performance of the bank.A Advances (Rs.91 0.9 0.05 1 0.

05 218347.893. 4.25 12.561.929.074.19 244431.58 20.97 17.2005 2006 2007 2008 2009 91405.04 23.459.188.22 2007 3.350.93 -7.55 37.096.82 683.648. In the year 2008 and 2009 ratio was increased to 92% and 99% respectively.61 4.72 -3.B.97 2006 3.11 195865.56 Gaurav Narang B.110.527.631.414.CASH FLOW STATEMENT OF ICICI BANK Profit before tax Net cashflow-operating activity Net cash used in investing activity Netcash used in fin.10 2009 5.97 -11.625. it leads to conclusion that credit performance of the bank is very good.857. activity Net inc/dec in cash and equivlnt Cash and equivalnt begin of year Cash and equivalnt end of year 2005 2.78 165083.041.34 8.90 4.445.24 -1.116.929.17 230510.36 -8.58 38.57 38.95 -18.040.964.357.98 7.85 99818.13 29.A 91 .88 29.966.10 17.149 -17.652.11 3.362.22 37.20 9.131.6 225616.061.081.227.63 12.041.13 4.15 -14. In the year 2005 ratio was 91% and it declined to 88% and 84%in the year 2006 and 2007 respectively.470.15 146163.121.32 2008 5.040.056.08 218310.67 15.13 1.82 91 88 84 92 99  Interpretation: Above table exhibits credit deposit ratio of the bank during last 5 years.

SUGGESTIONS & CONCLUSION Gaurav Narang B.B.Chapter 5 FINDINGS.A 92 .

The Bank is also in the process of opening 580 new branches which would expand the branch network to about 2.  Profit after tax for FY2009 was Rs. giving the Bank a wide distribution reach in the country.348 million) in FY2009 from Rs.572 million) in FY2008. 5.367 crore (US$ 1.A 93 .758 crore (US$ 741 million) compared to Rs. 5.0 billion) at March 31. 7.  Net interest income increased 15% from Rs. The Bank continues to invest in expansion of its branch network to enhance its deposit franchise and create an integrated distribution network for both asset and liability products. 7.000 branches. The CASA ratio improved to 28.117 crore (US$ 1. compared to Rs.348 crore (US$ 43. compared to Rs.286 crore (US$ 1.835 crore (US$ 1. was in the form of CASA deposits. 5.304 crore (US$ 1.1% at March 31.  Operating expenses (including direct marketing agency expenses) decreased 14% to Rs. 2009 (FY2009) was Rs.0 billion).9 billion) was primarily due to the Bank’s conscious strategy of paying off wholesale deposits.972 crore (US$ 1. 3. 218. 2009. liquidity management and risk containment given the challenging economic environment. 2009.283 crore (US$ 1.8 billion). While the advances declined marginally year-on-year. 6.4% in FY2009. This is reflected in the Bank’s strong capital adequacy and its focus on reducing its wholesale term deposit base and increasing its CASA ratio. Gaurav Narang B. the net interest income increased due to improvement in net interest margin from 2.440 million) for FY2008 to Rs. of which Rs. 2008 (FY2008).Findings  Profit before tax for the year ended March 31.2% in FY2008 to 2. During Q4-2009.431 crore (US$ 48.B.970 crore (US$ 4.2% for FY2008.650 million) for FY2009. or about 57%. 2007 to 1.438 branches at April 24. The Bank has also placed strong emphasis on efficiency improvement and cost rationalization.  The branch network of the Bank has increased from 755 branches at March 31. 24. The reduction in term deposits by Rs. 244.7% of total deposits at March 31. The Bank is maintaining excess liquidity on an ongoing basis. 2008. the Bank has pursued a strategy of prioritizing capital conservation.009 million). the total deposits of the Bank were Rs. total deposits increased by Rs. In line with the above strategy.056 crore (US$ 997 million) for the year ended March 31. 9. 8. 4.2 billion) at March 31. 2008.8% compared to 2.158 crore (US$ 820 million) for FY2008 due to the higher effective tax rate on account of lower proportion of income taxable as dividends and capital gains. The cost/average asset ratio for FY2009 was 1. 2009 from 26.  During the year.

2009 as per Reserve Bank of India’s revised guidelines on Basel II norms was 15.2006 and 2009 is 0.it suggests that bank has better profitability position and in future it can be a better or attractive channel of investment for shareholders. The above capital adequacy takes into account the impact of dividend recommended by the Board.  Asset quality At March 31. 218.0 billion) at March 31.  Higher trends of credit deposit ratio – A positive sign Gaurav Narang B.616 crore (US$ 44.8%.88 respectively which is close to 1. the Bank’s net non-performing asset ratio was 1.5 billion) at March 31.  Earnings per share The earnings per share for the period under study also shows a promising increase.  Capital adequacy and return on capital employed The Bank’s capital adequacy at March 31.96%.Though it is not equal to the ideal liquid ratio of 1:1 but still its under control.  Dividend on equity shares Since the dividend per share has shown a promising increase for the period under study.B. well above RBI’s requirement of total capital adequacy of 9.68 respectively and the year 2007 and 2008 liquid ratio is 0.311 crore (US$ 43. 2009 from Rs. 1.  Liquidity position The liquid ratio of the bank in the year 2005.0% and Tier-1 capital adequacy of 6.It shows that the bank is following a sound dividend policy and is capable of distributing higher dividends. 2008.0%.In line with the strategy of prioritizing capital conservation and risk containment. 225.60. Also the capital is being effectively utilized in the bank as it shows better return on capital employed over years. 2009. it can be concluded that the liquidity position of the bank is quite satisfactory.67and 0. During the year the Bank restructured loans aggregating to Rs.5% and Tier-1 capital adequacy was 11.0.97 and 0.A 94 . So in nut shell.115 crore (US$ 220 million).in this way the investors will feel investing in capital of the bank a much beneficial option and will be reluctant to withdraw capital for a long time. the loan book of the Bank decreased marginally to Rs.

Though current assets and liabilities (current liquidity) of the bank is not so satisfactory but bank has succeeded in maintaining a stable solvency position over the years. It suggests that credit performance is good and the bank is doing its business good by fulfilling its major objective as regards to granting loans and accepting deposits. As far as the ratio of external and internal equity is concerned. Individuals are the major shareholders. Bank’s investments are also showing an increasing trend.B. the interest received by the bank from such advances is proving to be the major source of income for the bank. But the bank has succeeded in maintaining a reasonable profitability position. it is clear that bank has been using more amount of external equity in the form of loans and borrowings than owner’s equity.A 95 . The bank has succeeded in increasing its share capital also which has increased around 50% in the last 5 years.High trends of credit deposit ratio reveals that bank has performed satisfactorily as regard to granting loans and advances to generate income. Due to increase in advances. The major achievement of the bank has been a tremendous increase in its deposits. which has always been its main objective. Gaurav Narang B. Though the income of the bank has increased over the period but not in the same pace as of expenses. Conclusion On the basis of various techniques applied for the financial analysis of ICICI Bank we can arrive at a conclusion that the financial position and overall performance of the bank is satisfactory. Fixed and current deposits have also shown an increasing trend. Equity shareholders are also enjoying an increasing trend in the return on their capital.

Such schemes can be in the form of higher rate of interest and shorter maturity period for FD’s etc.Suggestions  Although the short term liquidity position is quite satisfactory as per revealed by liquid ratio but the current ratio is below the ideal ratio of 2:1. It suggests that the credit performance of bank is good and it is performing its business well by fulfilling the major objective of granting credit and accepting deposit. Financing will help it to earn higher amount of profits. Similarly non productive expenses should be curtailed to improve profitability.So the bank should make efforts to increase its current assets to maintain a safety margin and to maintain a better liquidity position.  Bank can also think for improving it’s day-to -day service to its clients. So in order to improve profitability. Such service can be improved by providing prompt service and showing an attitude of Gaurav Narang B. So in order to have more creditability in the market the bank should maintain its credit deposit ratio. the interest expenses will decline and profits will increase which is good for the bank. Profits are increasing but not with same pace as of the expenditure due to higher reliance on debt capital in the form of borrowings and loans for financing capital structure. So in order to remedy this situation bank should increase its focus on internal equities and other sources of internal financing.B. Consequently. the bank should reduce its dependence on external equities for meeting capital requirements.  Though the bank has been successful in increasing it’s deposits but to further improve upon such situation it can introduce some new and attractive schemes for public.  Bank should try to finance more and more projects.  Higher trend of credit deposit ratio reveals that the bank has performed satisfactorily as regard to granting loans and advances to generate income.  The bank is having a greater reliance on debt capital. The increasing reliance on external equities may prove hazardous in the long run.  The profitability of the bank for the period under study is not satisfactory.A 96 .

 To achieve the objective of Rural development it should open more and more branches in different rural areas of the country. bank should adopt branch automation experiment to control the operational cost. It will help to give a kind of confidence to the public and build a better public image. Gaurav Narang B.A 97 .B.  To achieve organizational success a proper independent working atmosphere should be developed to achieve desired objective more effectively.co-operation to its clients.  The bank should simplify the procedure of advances for quick disbursement. Bank can appoint commission agents for different area who can encourage general public to invest in the capital of the bank and make more deposits in ICICI Bank. It will facilitate in providing help to rural poor farmers and other living below the poverty line.  Last but not least.

A 98 .B.CHAPTER 6 BIBLIOGRAPHY Gaurav Narang B.

D.8th edition .Prentice -Hall.Com  Www.Rediff.Irwin /McGraw-Hill.Jain.BIBLIOGRAPHY Books Reffered:  Accountancy. Scott. R.  Basic Financial Management . Petty and A..Com  Www.K.D.K.Wikipedia.Icicibank.Com Gaurav Narang B. J.Money.Com  Www.Scribd. Internet websites:  Www.  Essentials of Corporate Finance 2nd edition . J.. Sharma.Google.Ross.W. Mittal.K.Theory and Practice.Keown.Inc.Gupta .F.A. S.D Martin.Com  WWW.K. Shashi.  Financial Management. R.B.Managementparadise.Org  Www.A. Westerfield and B.Com  Www. Jordan.W.R.Moneycontrol.A 99 .

A 100 .B.Gaurav Narang B.

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