A

SYNOPSIS
ON

“AN ANALYSIS OF FINANCIAL STATEMENTS OF ICICI

BANK”

SUBMITTED TO

RASHTRASANT TUKDOJI MAHARAJ NAGPUR UNIVERSITY, NAGPUR

IN PARTIAL FULFILLMENT OF DEGREE OF

BACHELOR OF BUSINESS ADMINISTRATION

SUBMITTED BY

TEJAS A. NIRMALKAR

GUIDED BY

MRS. SHRADDHA YEOLE

PRERNA COLLEGE OF COMMERCE

Reshimbagh square Nagpur -440009
2021 – 2022
 INDEX

PAGE
SR. NO. PARTICULARS
NO.

1. TITLE 1

2. INTRODUCTION 1

3. COMPANY PROFILE 1

4. RATIONALE OF THE RESEARCH 2

5. SCOPE 2

6. OBJECTIVES 3

7. HYPOTHESIS 3

8. RESEARCH METHODOLOGY 3

9. CHAPTERIZATION 4

10. LIMITATIONS 5

11. BIBLIOGRAPHY 5
 ● TITLE
AN ANALYSIS OF FINANCIAL STATEMENTS OF ICICI BANK
● 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:
o The Balance Sheet
o 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.
 ● 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 widevariety 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).

 ● RATIONALE OF THE RESEARCH
Indian banking scenario has underwent dramatic changes after the implementation of the new
economic policy which triggered out the economy in rapid speed and as a result of that drastic
changes have taken place in money transactions. The growth in the member of banks has on the one
hand increased competition and on the other hand heightened the standards that need to be met in
order to gain a competitive advantage. In addition, the competition between banks is a premise of
customers' ever growing expectations. Customers are now more informed and they expect their banks
to meet their needs when, how and where they want. Otherwise, there is the risk that a bank loses the
market share in favor of its competitors.

Considering these issues, one major concern of the banks is the customer retention. A long term
relationship between a bank and its customers is a proof of the financial institution's efforts to offer
high quality services that satisfy customers' demands. Moreover, the customer retention is a necessary
input for improving business performance. It is therefore necessary that the banks concentrate their
efforts towards improving the quality of their services and satisfying their customers' needs. High
service quality results in customer satisfaction; high service quality leads to competitive advantage as
customers feel satisfied and thus are more probable to further buy the company's services, to
recommend them to others and to ignore the competitors offer.

● SCOPE

The banking industry in India has a huge canvas of history, which covers the traditional banking
Practices from the time of Britishers to the reforms period, nationalization to privatization of banks
and now increasing numbers of foreign banks in India. Therefore, Banking in India has been through
a long journey. Banking industry in India has also achieved a new height with the changing times. The
use of technology has brought a revolution in the working style of the banks. Nevertheless, the
fundamental aspects of banking i.e. trust and the confidence of the s people on the institution remain
the same. The majority of the banks are still successful in keeping with the confidence of the
shareholders as well as other stakeholders. However, with the changing dynamics of banking business
brings new kind of risk exposure.

 OBJECTIVES

1. Primary objective:

a. To analyze 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 notin different areas.

● HYPOTHESIS

Hypothesis 1

HO-To analyse the financial statements of the corporation to assess it's true financial position by the
use of ratios

Hypothesis 2

HO- ICICI Bank is not performing well.

H1- ICICI Bank is performing well

● 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..

  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.

● CHAPTERIZATION

SR. NO. PARTICULARS PAGE

NO.

1. TITLE

2. ABSTRACT

3. INTRODUCTION

4. COMPANY PROFILE

5. AIM AND OBJECTIVES

6. HYPOTHESIS

7. RESEARCH METHODOLOGY

8. DATA COLLECTION

● PRIMARY DATA
● SECONDARY DATA

9. ANALYSIS OF DATA AND HYPOTHESIS TESTING

10. SCOPE AND LIMITATIONS

11. CONCLUSION AND SUGGESTION

12. BIBLIOGRAPHY
● LIMITATIONS

● Difficulty in data collection.

● Limited knowledge about the bank in the initial stages. ▪ Branch manager was reluctant for
giving financial data of thebank.

● The analysis and interpretation are based on secondary datacontained in the published annual
reports of ICICI Bank for thestudy period.

● Due to the limited time available at the disposable, the study hasbeen confined for a period of
5 years (2005-2009). ▪ Ratio itself will not completely show the company's good or
badfinancial position.

● Inter firm comparison was not possible due to the nonavailability of competitors data

● The study of financial performance can be only a means to knowabout the financial condition
of the company and cannot show athrough picture of the activities of the company

● BIBLIOGRAPHY

>http://www.icicibank.com/

>http://www.moneycontrol.com/