Professional Documents
Culture Documents
Mor Icici India EFfD
Mor Icici India EFfD
Agenda
Development Banking in India ICICI - Development framework Sectoral initiatives Legal structure in India Going Forward
Low capitalisation and limited assets Geographical diversity and high mortality Poor access to capital markets Non accessibility to credit history Cash intensity in transactions Cyclical fund requirement and high commodity risk Informal sector and uncorporatised High dependence on Govt. support/ subsidies
Poor financial disclosure on account of tax issues High risk perception has led to high borrowing costs
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Agenda
Development Banking in India ICICI - Development framework Sectoral initiatives Legal structure in India Going Forward
Small and Medium Enterprise (SME) Agriculture and Micro Finance Community Banking Internet and Electronic Banking
Product and delivery technology dependent Branch remote approach Central processing centres enable optimum monitoring
Agenda
Development Banking in India e-initiatives in ICICI Group Sectoral initiatives Legal structure in India Going Forward
Information
Logging
requests
Processes all trade related requests for a city Trade finance factory
Customer
Credit factory
Provide
For
Information
ATM
support backbone for Logging all transaction requests requests Services RPC/CPC doorstep Processing centres* deliveries
Online Products
Bill Junction Utility bill payments Pay Seal electronic payment system Corporate Infinity online transfer/ settlement system
e-banking in ICICI
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Sugar companies Seed producers Input companies NGOs and micro credit institutions
These channels help build volumes, reduce costs and monitor credit risk
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Agri extension support Inputs and other services Credit Market linkage Rural infrastructure
These FSCs are promoted by Agri Input suppliers , and avoids duplication of efforts by different players
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Output Sale
Collect Money
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Management of Cash
Geographical spreads
Solutions through
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New Initiatives
Satyam Smart Card HPCL Petro Card Work on multiple application card - Debit, Credit, EPurse and Loyalty
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Retail donors can donate to specific initiatives across India 100% of donations reach the initiative Prompt feedback on utilisation of grant Rs. 11.5 million towards Gujarat Earthquake
Over 100 exquisite hand crafted products available The only facility of its kind available to non-profits in India
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Partners: MIT Media Labs, Harvard University, IITChennai, I-Gyan, DHAN Foundation, ICICI Ltd Providing reliable Internet access through Kiosks in rural Madurai using corDECT WiLL 100 kiosks managed by entrepreneurs to be set-up Providing e-governance, communication and information services
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Internet Banking
First Bank in India to launch website - 1996 First Bank in India to launch Internet Banking - 1997 First Bank in India to launch online bill payment1999 Only Bank in India with million online customers Monthly average transactions per online customer7
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117% increase in transaction volume since April 2001 More than 1 million contacts in February 2002 Coverage across 100 locations in the country 103% increase in internet banking registrants since April 01 84% increase in transactions since April 01
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Channel Usage
Call Centre 4%
Internet 4%
Branch 41%
Call Centre 6%
Internet 5%
Cops 7%
Branch 35%
ATM 51%
Apr 2001
Br an ch Cash Tr an sact i o n s Jan-02 18% Apr-01 19% No n Cash Tr an sact i o n s Jan-02 41% Apr-01 50% A TM 82% 81% 33% 39%
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ATM 47%
Jan 2002
Net Nil Nil 9% 6% 7% 5% 10% Nil COPS
Cal l Cen t r es
First bank to introduce this service in India Tie-ups with 50 utilities for online payments Talks with state governments/ municipalities to facilitate e-governance
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Agenda
Development Banking in India e-initiatives in ICICI Group Sectoral initiatives Legal structure in India Going Forward
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Information Technology (IT) Act, 2000 Internet Banking guidelines of the Central Bank
India is the 2nd country in Asia to initiate technology related act e-banking encouraged through:
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Issuer of public and private key Controller - repository of all the signatures
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Bank to have security policy approved by Board of Directors Introduction of logical access control systems Security buffers between bank system and internet Products to be compliant with domestic foreign exchange regulations Setting of inter bank payment gateway Mandatory disclosure of risks in internet based dealings
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Agenda
Development Banking in India e-initiatives in ICICI Group Sectoral initiatives Legal structure in India Going Forward
28
Full Account Convertibility Exchange Control Laws Strengthening the Intellectual Property Laws
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Voice over Internet Improvement in telecom infrastructure Tax incentives for internet based transaction Incentive for electronic settlement
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Allowing appointment of third parties for banking Allowing variable interest rates on deposits Modifications in service area approach to encourage competition in the rural areas Undertaking specific initiatives to provide an impetus to rural banking
Computerisation of operations of banks especially the rural operations Land Records Computerisation Networking of Post Offices
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Standards for smart cards Guidelines on smart card interoperability Changes in Central Bank guidelines
Govt. incentives to stakeholders Govt. encouragement for ATMs/ POS infrastructure terminals
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