SYNOPSIS OF BUSINESS ASPECTS OF BANKING AND INSURANCE

NAME Ranish Jain AdityaKadam RadhikaKanojia RuchitSavla

ROLL NUMBER 10B723 10B725 10B726 10B761

GROUP NUMBER 5
PROJECT MENTOR: SHILPA MORE

CONTENTS OF THE SYNOPSIS y y y y y y y Objective of the project History of the private sector banks in India Ranking of the private sector banks in India History of ICICI bank in India Different insurance policies provided by the ICICI bank Different investment plans provided by ICICI Bank Conclusion

OBJECTIVE OF THE PROJECT: The main objective of doing the project for the subject Business Aspect In Banking & Insurance on private sector banks in India is to have a clear idea about the current position of private sector banks. We learn how these banks they fulfil the requirement of the customers. There exploration in the Indian economy has also been recognized.

HISTORY OF PRIVATE SECTOR BANKS IN INDIA

RANKING OF PRIVATE SECTOR BANKS 1. HDFC BANK 2. ICICI BANK 3. AXIS BANK 4. YES BANK 5. KOTAK MAHENDRA BANK 6. ING VYSYA 7. INDUSIND BANK 8. KARNATAKA BANK 9. THE NAINITAL

HISTORY OF ICICI BANK ICICI Bank was originally promoted in 1994 by ICICI Limited, an Indian financial institution, and was its wholly-owned subsidiary. In the 1990s, ICICI transformed its business from a development financial institution offering only project finance to a diversified financial services group offering a wide variety of products and services, both directly and through a number of subsidiaries and affiliates like ICICI Bank.

DIFFERENT INSURANCE POLICIES OF ICICI BANK ICICI insurance policy helps you find the assurance of a financial security in times of absolute need. ICICI insurance policies provide you the peace of mind that comes as a free gift with any insurance plan or scheme. ICICI insurance policies cover:
y y y y y y

Health Insurance Overseas Travel Insurance Student Medical Insurance Vehicle (Car or Two-Wheeler) Insurance Home Insurance Life Insurance

Term plans y Plans to ensure financial security for your family in the unfortunate event of your death.

General Insurance y Secure your family's health, insure yourself against medical emergencies when travelling abroad, insure your vehicle and your home with our General Insurance policies.

Life Insurance y Life insurance is a unique investment tool that helps you to meet your dual needs - saving for life's important goals, and protecting your assets.

Card Protection Plan y ICICI Bank introduces the CPP Card Protection, India's first comprehensive card protection service. It can be used in the event of card loss, theft, any related fraud and emergencies.

DIFFERENT INVESTMENT PLANS OF ICICI BANK Investment Plans 1. ICICI Bank Fixed Deposit scheme This investment plans come with an extensive range of term periods, provision of partial extraction and an assortment of fixed deposit investment plans. Other details of the policy are mentioned as under:

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Maximum and Minimum Investment limit: NIL Fixed loans through Fixed Rate Deposit accounts E-banking for Fixed Deposits accounts Fixed term deposits offer tax haven and protect investor from features influencing fixed deposits for a longer tenure of calculated tenure.

2. ICICI Prudential Gilt Fund The excellent performance of the fund makes, ICICI Prudential Gilt Fund the most sought after investment plan by individuals in greater tax brackets. The fund is a tax proficient way to accrue debt returns. Other details of the policy are mentioned as under:
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Greater yields compared to pure fixed deposits. Exit load of 1% on the endowments if the amount less than rs 1 crore is transferred with 1 year of the date of commencement of the plan

REASON FOR THE ESTABLISHMENT OF THE ICICI BANK

The principal objective was to create a development financial institution for providing medium-term and long-term project financing to Indian businesses.

CONCLUSION: Private sector banks are known to be expanding more as compared to the public sector banks such as better facilities including a variety of investment plans for a long period of time which is beneficial to the customers.