m Total assets of Rs. 3,634.00 billion (US$ 81 billion) and profit after tax Rs. 40.

25
billion (US$ 896 million) for the year ended March 31, 2010

m The Bank has a network of 2,528 branches and 5,808 ATMs in India, and has a
presence in 19 countries, including India

m ICICI Bank's equity shares are listed in India on Bombay Stock Exchange and
the National Stock Exchange of India Limited

m the bank is the largest issuer of credit cards in India.

.
m Äersonal Banking

m Business Banking
m Current Account
m Savings Account
m Deposits
m Loans
m Credit Cards
m Debit Cards
m DeMat Account
m NRI Services
m Investments
m Insurances
m ICICI Foundation for Inclusive Growth (ICICI Foundation) was founded
by the ICICI Group in early 2008 to give focus to its efforts to promote
inclusive growth amongst low-income Indian households.

We hold a set of core beliefs and values that defines our pathway
towards inclusive growth and guides our five strategic partnerships.
Ñ

èur vision is a world free of poverty in which every individual has the
freedom and power to create and sustain a just society in which to live.



èur mission is to empower the poor to participate in and benefit from
the Indian growth process through active collaboration with
government and independent organisations.
m Due to US financial crisis ICICI suffered as
its liquidity dried up
m Mortgages, car loans, retail loans were
hit badly
m Unsecured personal loans fell to about 5-
7 % from 9% of ICICI total loans
m The bank ratio of fixed term deposits
went to high as compared with savings
and current account
m It expects its balance sheet to grow this
quarter after 12 months of contractions
m Mortgages, infrastructure investments,
regular transaction business is expected to
grow this year
m It has also ensured its customers that its
adequate liquidity can help it tide over any
financial crisis
m Indian finance ministry has backed ICICI
with their capital adequacy ratio of 10%
which is above minimum requirement of 9%
ï  Ñ
  

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Interest/Discount on Advances/Bills 1209275 798660 2036264

Income on Investments 397811 342831 781644

Interest on Balances With RBI ETC 8708 12000 71117
èthers 7498 10414 126346

Interest Earned 1623292 1163905 3015371

èther Income 403407 396421 2944606

Total Income 2026699 1560326 5959977

èperating Ärofit 656388 520824 1173734

Ärovisions and contingencies 214487 138919 455870

Tax Expense 138609 134091 173523
Net Ärofit (+) for the period 303292 247814 484341

Dividend (%) 120 120 120

Face Value (in Rs.) 10 10 10
Äaid-up Equity Share Capital 45774 40517 111489

Reserves excluding Revaluation Reserves 2115815 1558377 5050348

Capital Adequacy Ratio 17.4 15.8 19.41

Basic EÄS before Extraordinary items (in Rs.) 68.8 64.83 41.93

Diluted EÄS before Extraordinary items (in Rs.) 68.1 63.38 41.72

% of Gross/Net NÄA 0.3 0.36 2.12

Return on Assets 1.5 1.85 1.15
m Ä/E ratio for HDFC Bank is 28.4, the Ä/E for ICICI Bank is 23.35, the
Ä/E ratio for Axis bank is 19.1. Äerformance-wise, HDFC Bank is
superior than both Axis bank and ICICI Bank.

m Return on assets is the highest for Axis Bank at 1.85 and lowest for
ICICI Bank at 1.15. HDFC has an RèA of 1.5.

m Regarding NÄAs, the percentage of Gross to net NÄAs for ICICI

Banks are considerably high at 2.12 and needs to be reduced.
It is in CAR that ICICI Bank has the highest ratio of 19.41. èthers
also have reasonable CAR and are raising further capital
periodically in many ways.

m There is therefore huge scope for ã 

ï   in case
of AXIS BANK

m While all 3 are good BUYs,   




m corporate sector performance is picking up

m the funding options for corporates have also increased,

adding to expectations of further recovery in corporate
performance.

m In fact, there are indications that corporates are now

restarting several of their investment projects, which had
been put on the back burner due to the global slowdown.

m èn the retail side, fundamental factors like a young

population and increasing aspirations, there will continue
to be opportunities for businesses linked to the retail sector.

m Current ratio of Market price to book value of ICICI is only

1.85 which makes it an excellent stock to buy and hold