Synopsis

An analysis of financial statements of ICICI

Bank for the period 2018-19 to 2020-21

Affiliated to
Rashtrasant Tukadoji Maharaj Nagpur
University, Nagpur

In partial fulfillment for the award of the degree of

Bachelor of Business Administration

Submitted by

Ms. Kiran Kisanrao Nainwar

Under the Guidance of

Dr. Afsar Sheikh

G.S. College of Commerce & Economics, Nagpur

NAAC Re-Accredited “A” Grade Autonomous Institution

Academic Year 2020-21

 G.S. College of Commerce & Economics, Nagpur
NAAC Re-Accredited “A” Grade Autonomous Institution

Academic Year 2020-21

Index

1) Introduction.

2) Company Profile

3) Relevance of Study/Problem Definition.

4) Need of the Study.
5) Objectives of the Study/Research.

6) Research Methodology

a) Research Design
b)Technique of Collection
c) Hypothesis

7) Plan of Work

8) Bibliography
1. Introduction

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
a) Balance Sheet,
b) Profit and Loss account and
c) other operative data.

 The first task of financial analysis is to select the

information relevant to the decision under
consideration to the total information contained in
the financial statement.
 The second step is to arrange the information in a
way to highlight significant relationship.
 The final step is interpretation and drawing of
inference and conclusions.

Financial statement is the process of selection, relation

and evaluation.
Financial statements refer to such statements which
contains financial information about an enterprise. They
report profitability and the financial position of the
business at the end of accounting period. The term
financial statement includes at least two statements
which the accountant prepares at the end of an
accounting period.
The two statements are: -
• The Balance Sheet
• Profit And Loss Account
 They provide some extremely useful information to the
extent that balance Sheet mirrors the financial position
on a particular date in terms of the structure of assets,
liabilities and owners equity, and so on and the Profit
And Loss account shows the results of operations during
a certain period of time in terms of the revenues
obtained and the cost incurred during the year. Thus the
financial statement provides a summarized view of
financial positions and operations of a firm.

2. Company profile

Industrial Credit and Investment Corporation of India (ICICI)

Bank Limited is an Indian multinational banking and financial
services company. It has its corporate office in Mumbai,
Maharashtra. ICICI Bank was incorporated in 1994 as a part
of the ICICI group. In 1999, ICICI became the first Indian
company and the first bank or financial institution from non-
Japan Asia to be listed on the New York Stock Exchange.

ICICI was formed in 1955 at the initiative of the World Bank,

the Government of India and representatives of Indian
industry. The principal objective was to create a development
financial institution for providing medium-term and long-
term project financing to Indian businesses. Until the late
1980s, ICICI primarily focused its activities on project finance,
providing long-term funds to a variety of industrial projects.
With the liberalization of the financial sector in India in the
1990s, ICICI transformed its business from a development
financial institution offering only project finance to a
diversified financial services provider that, along with its
subsidiaries and other group companies, offered a wide
variety of products and services. As India’s economy became
more market-oriented and integrated with the world
economy, ICICI capitalized on the new opportunities to
provide a wider range of financial products and services to a
broader spectrum of clients.
 
Key people
Girish Chandra Chaturvedi (Chairman)
Sandeep Bakhshi (MD & CEO)

Products offered
Retail banking, corporate banking, investment banking,
mortgage loans, private banking, Wealth Management, credit
cards, finance and insurance.

Revenue Rs. 91,246.94 crore (US$13 billion) (2020)

Operating Income Rs. 20,711 crore (US$2.9 billion) (2019)

Net income Rs. 6,709 crore (US$940 million) (2019)

Total assets Rs. 1,007,068 crore (US$140 billion) (2019)

Number of employees 84,922 (2019).

3. Relevance of Study / Problem Definition

Study to assess the financial statements of ICICI Bank is

to provide a snapshot of a company's financial health,
giving insight into its performance, operations, and cash
flow. Investors need to know the financial position of
the bank as they can provide enormous information
 about a company's revenue, expenses, profitability, debt
load, and the ability to meet its short-term and long-
term financial obligations to its investors.
So, my Research tries to assess ICICI Bank true financial
position by the use of ratios to answer the question
arise in mind of common Investor about the bank.

4. Need of Study

 By “FINANCIAL PERFORMANCE ANALYSIS OF ICICI

Bank” we would be able to get a fair picture of the
financial position of ICICI Bank.
 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.
 Protecting the property of the business.
 Compliances with legal requirement.

5. Objectives of the Study

Objectives are the main aspect of every study. The

objective of the study gives direction to go through the
research problem. It guides the researcher and keeps
him on track. I have two objectives regarding my
research project. These are shown below :-
1. Primary objective
2. Secondary objective

1. Primary objective :-
 a. To analyse the financial statements of the
corporation to assess it’s true financial
position by the use of ratios.

2. Secondary objective :-

a. To find out the shortcomings in ICICI Bank.

b. To see whether ICICI Bank is going well or not
in different areas.

6. Research Methodology

A) Research Design
Primary Data
It is first hand data, which is collected by researcher
itself. It is achieved by a direct approach and
observation from the officials of the company.

But this research project is solely based on the

secondary data collected.

Secondary Data
Secondary data is based on information gleaned from
studies previously performed by government agencies,
chambers of commerce, trade association and other
organizations
Researcher has to analyze this data and interprets the
results.
The required data for the study are collected from

a. The audited reports of the company.

b. Websites which includes required financial data
collected form ICICI Bank’s official website i.e
www.icici.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.
c. Brochures of ICICI Bank.
B) Technique of Data Collection
The data collected were edited, classified and tabulated
for analysis.
The study employs the following analytical tools:
1. Comparative statement.
2. Trend Percentage.
3. Ratio Analysis.
4. Cash Flow Statement.

C) Hypothesis

Hypothesis 1

H0- To analyse the financial statements of the

corporation to assess it’s true financial position by the
use of ratios

Hypothesis 2
 H0- ICICI Bank is not performing well.

H1- ICICI Bank is performing well

7. Plan of Work
The Plan of work is to correlate currently year
performance of the company with the previous
year performance. The main focus is on
fundamental for financial analysis of the company.
For this to review the literature it will take 5 days .
All the data collection from various websites
including company’s official website and analysing
the same to present it in understandable format
15-20 days would be required . And the writing of
research project will take 10 days . The research
project will be presented in soft copy format.

8. Bibliography

 http://www.icicibank.com/

 http://www.moneycontrol.com/

 BBA Finance synopsis format – project helpline