ICICI FINAL 2003

8/7/2019 ICICI FINAL 2003

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ICICI- An Overview

Introduction To ICICI

As one of the largest financial institutions in India, ICICI's overall mission has been tobuild the capacities of commercial entities and, thereby, enable them to become agentsof economic change.

ICICI believe that building the capacities of the poorest of the poor to participate in theeconomy and society is a natural extension of this role. With this in mind, ICICI has

been contributing to the social sector for nearly 30 years, mainly by financing andadvising organizations working in the development sector.

ICICI has a permanent and full-time group, the Social Initiatives Group (SIG), toconcentrate on its development-related initiatives. Through the SIG, ICICI seeks todefine and effectively fulfill its responsibilities as a corporate citizen. The group

believes that education and health are basic prerequisites for all people, especially thechronically deprived, to participate in the larger economy.

Universal access to basic financial services, and effective use of appropriatetechnologies will create greater opportunities for people to participate in the economyin an equitable and productive manner. With this in mind, the group has focused its

attention on identifying and supporting initiatives in:

Pre-primary and primary education Health, especially reduction of infant mortality rates Micro-finance

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ICICI- An Overview

Application of information technology and other technologies to facilitate workin the above faster, and reach a wider audience.

The group's involvement is not at the grassroots, though field visits, aimed at assessingneed and facilitating dialogue, form an integral part of their work.

In 1955, The Industrial Credit and Investment Corporation of India Limited (ICICI)was incorporated at the initiative of World Bank, the Government of India andrepresentatives of Indian industry, with the objective of creating a developmentfinancial institution for providing medium-term and long-term project financing to

Indian businesses. In 1994, ICICI established Banking Corporation as a bankingsubsidiary.

Formerly known as Industrial Credit and Investment Corporation of India, ICICIBanking Corporation was later renamed as 'ICICI Bank Limited'.

ICICI founded a separate legal entity, ICICI Bank, to undertake normal bankingoperations - taking deposits, credit cards, car loans etc.

In 2001, ICICI acquired Bank of Madura (est. 1943). Bank of Madura was a Chettiar

bank, and had acquired Chettinad Mercantile Bank(est. 1933) and Illanji Bank(established 1904) in the 1960s.

In 2002, The Boards of Directors of ICICI and ICICI Bank approved the reversemerger of ICICI, ICICI Personal Financial Services Limited and ICICI CapitalServices Limited, into ICICI Bank. After receiving all necessary regulatory approvals,ICICI integrated the group's financing and

opened a branch in Antwerp, in Belgium. ICICI opened representative offices inBangkok, Jakarta, and Kuala Lumpur. In 2007, ICICI amalgamated Sangli Bank,

which was headquartered in Sangli, in Maharashtra State, and which had 158 branchesin Maharashtra and another 31 in Karnataka State.

Sangli Bank had been founded in 1916 and was particularly strong in rural areas. Withrespect to the international sphere, ICICI also received permission from thegovernment ofQatarto open a branch in Doha. Also, ICICI Bank Eurasia opened asecond branch, this time in St. Petersburg.

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http://en.wikipedia.org/wiki/Bank_of_Madurahttp://en.wikipedia.org/wiki/Chettiarhttp://en.wikipedia.org/w/index.php?title=Chettinad_Mercantile_Bank&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Illanji_Bank&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=ICICI_Personal_Financial_Services_Limited&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=ICICI_Capital_Services_Limited&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=ICICI_Capital_Services_Limited&action=edit&redlink=1http://en.wikipedia.org/wiki/Antwerphttp://en.wikipedia.org/wiki/Belgiumhttp://en.wikipedia.org/wiki/Bangkokhttp://en.wikipedia.org/wiki/Jakartahttp://en.wikipedia.org/wiki/Kuala_Lumpurhttp://en.wikipedia.org/wiki/Sanglihttp://en.wikipedia.org/wiki/Maharashtrahttp://en.wikipedia.org/wiki/Karnatakahttp://en.wikipedia.org/wiki/Qatarhttp://en.wikipedia.org/wiki/Dohahttp://en.wikipedia.org/wiki/Bank_of_Madurahttp://en.wikipedia.org/wiki/Chettiarhttp://en.wikipedia.org/w/index.php?title=Chettinad_Mercantile_Bank&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Illanji_Bank&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=ICICI_Personal_Financial_Services_Limited&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=ICICI_Capital_Services_Limited&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=ICICI_Capital_Services_Limited&action=edit&redlink=1http://en.wikipedia.org/wiki/Antwerphttp://en.wikipedia.org/wiki/Belgiumhttp://en.wikipedia.org/wiki/Bangkokhttp://en.wikipedia.org/wiki/Jakartahttp://en.wikipedia.org/wiki/Kuala_Lumpurhttp://en.wikipedia.org/wiki/Sanglihttp://en.wikipedia.org/wiki/Maharashtrahttp://en.wikipedia.org/wiki/Karnatakahttp://en.wikipedia.org/wiki/Qatarhttp://en.wikipedia.org/wiki/Doha


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ICICI- An Overview

In 2008, The US Federal Reserve permitted ICICI to convert its representative office inNew Yorkinto a branch. ICICI also established a branch in Frankfurt. In 2009, ICICImade huge changes in its organisation like elimination of loss making department andrestreching outsourced staff or renegotiate their charges in consequent to therecession.In addition to this, ICICI adopted a massive approach aims for cost controland cost cutting. In consequent of it, compesation to staff was not increased and no

bonus declared for 2008-09.

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http://en.wikipedia.org/wiki/US_Federal_Reservehttp://en.wikipedia.org/wiki/New_Yorkhttp://en.wikipedia.org/wiki/Frankfurthttp://en.wikipedia.org/wiki/US_Federal_Reservehttp://en.wikipedia.org/wiki/New_Yorkhttp://en.wikipedia.org/wiki/Frankfurt


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ICICI- An Overview

History

1994

- The Bank was Incorporated on 5th January at Baroda. ICICI Bank was promoted byICICI and erstwhile SCICI Ltd. and received theCertificate for Commencement ofBusiness on 24th February. It does banking business of all kinds. It was founded as aninstitution to providequality banking services using state-of-the-art technology.- The Bank has established a well diversified branch network with 24 branches in 15

centres covering 12 states. The bank set up a fully computerised environment with theState-of-the-art technology at all offices continuously upgrading its strong systems and

procedures with special emphasis on risk management. 1996

- The deposit products and other services of the bank were branded with names suchas `Maxicash' for services accounts, `Money Plus' forCurrent Account, `Quantum' forfixed deposit account, `Power Pay'for payroll accounts treasure chest for lockerfacilities and `Trice' for automated teller machine facility.- The Bank had, in compliance with a directive issued by RBI,deposited in aggregate

Rs 88.16 crores with small Industrial Development Bankof India and National Bank

for Agricultural & Rural Development.- The `B' category branches were authorised to handle full range of foreign exchange

transaction of customers and five other branches were placed in `C' category to handlelimited foreign exchange transactions.- Seven branches of the bank with substantial foreign exchange business were linked

to the society for worldwide Interbank Telecommunication (SWIFT) network whichenables them to transmit Letter of Credit and fund transfer messages promptly worldwide.

- 700 No. of equity shares subscribed for by signatories to the Memorandum of

Association. 1500,00,000 No. of equity shares allotted to ICICI Ltd.

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ICICI- An Overview

1997:

- The bank introduced electronic funds transfer facility. The bankhas a full fledgedvigilance and inspection department.

- The bank opened 11 branches and 2 extension counters therebyincreasing the total network of branches to 33 and extensioncountersto 4.- The Bank offered 150,00,000 No. of equity shares of Rs 10 each taper., of Rs 25 per

share to ICICI.- The Bank offered for sale 412,50,200 No. of equity shares of Rs 10each at a price of

Rs 35 per share.

- Sicom Ltd. has entered into an agreement with ICICI Bank and Dresdner Bank for

providing a counter guarantee against letters of credits(LCs) opened by its clients.- The merger of SCICI with ICICI effective from April 1, the bank has become a

wholly-owned subsidiary of ICICI.- ICICI Banking Corporation, a fully-owned subsidiary of IndustrialCredit &

Investment Corp of India Ltd, has finalised an offer forsale of 4 crore equity shares of

Rs.10 each at a premium of Rs.30 per share, according to merchant banking sources. 1998:

- ICICI Bank, which introduced Internet banking in India, to launch varioustechnology-based new services in the near future. Someof the new services include setting up of call centers and the introduction of fund

transfers between own accounts in its branches.

- ICICI Banking Corporation Ltd, the first bank in the country to go in for Internetbanking, is now all set to provide its account-holders with the facility of transferringfunds across their accounts on the Net.

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ICICI- An Overview

1999

ICICI Bank has signed an agreement to use the NCR switchmarktechnology foronline-networking all its ATMs, the officials said they network would come into

place in September.- ICICI Bank recently restructured its organisational structure by setting up strategic

business units for retail banking, corporate banking and forex and treasury operations,as independent profit centres.- ICICI is all set to launch a 60-second television commercial onAugust 15, 1999.2000

- ICICI Bank became the first Indian bank to list on the New York Stock Exchange

with its 5-million American depository shares issue generating a demand book 13

times its size at .2 billion.- The Bank proposes to bring credit cards to the large, underserved population in rural

and semi-urban areas.- SkyCell Communications Ltd, one of the two cellular service providers in Chennai,

has launched `Sky Banking', for which the company has tiedup with ICICI Bank and HDFC Bank.

- The ICICI has announced the launch of mobile banking services foritscustomers, using the wireless application protocol (WAP) technology.

- Ford India has tied up with ICICI Bank to introduce a scheme, enabling non-resident

Indians (NRIs) to purchase a Ford Ikon car fortheir friends and relatives in India.- ICICI Bank has set up a ATM facility at a Indian Oil Corporation petrodiesel outlet

at Chennai.

- ICICI Bank has tied up with Chennai Telephones to provide Internet bill paymentfacility to its customers.- ICICI Bank has tied up with the Siddhivinayak temple trust toenable the bank's

infinity (Internet banking) customers to order and pay for a pooja online, on theoccasion of Aangaraki Chaturthi.

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ICICI- An Overview

- The Bank proposes to extend its area of operation by opening about 35to 40 officesand extension counters during the current fiscal subject to the Reserve Bank of India'sapproval.- ICICI Bank will launch a slew of new schemes in the personal segmentm ranging

from launch of co-branded credit cards to providing loansagainst share within the nextthree months.- The Company has offered higher rates of interest on its regular income bonds and

multiplier bonds while pruning it on tax saving bonds.- The Finance portal India Infoline has tied up with ICICI Bank and HDFC Bank for

banking back-ends.

- Tata Teleservices Ltd. has tied up with ICICI Bank and GlobalTrust Bank to enableits customers to use Internet banking facilities for the payment of telephone bills.- ICICI Bank will provide credit for online transactions over chem-B.com, the online

trading site for chemicals and chemical products, launched by Chembazaar Online Pvt.Ltd.- ICICI became the first financial institution to go for placement of dematerialized

debt securities.

- Mumbai-based ICICI Bank launched its Kid-e-bank facility in Bangalore.- ELECTRICMELA.com, the B2B portal for the electrical industry is entering into an

alliance with ICICI Bank for payment gateways.- Spice Cell has tied up with Citibank N A, HDFC Bank and ICICI Bank for mobile

bill settlements

- ICICI Bank and UAE Exchange Centre have entered into a wire transfe arrangement,for electronic and telex transfer of funds.- The Bank has tied up with MunshiKaka.com to provide value added services to

itscustomers.

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ICICI- An Overview

- ICICI has signed a tripartite agreement with Amitabh Bachchan Corporation Ltd.and Mr. Amitabh Bachchan, appointing him as its brand ambassador.- The new generation ICICI Bank has extended its business multiplier scheme to

current account holders in Coimbatore.- ICICI Bank has launched the Business Multiplier Account in Kerala.

- The swap ratio for the merger of Bank of Madura (BoM) with ICICI Bankhas been pegged at 1:2 i.e., two shares of ICICI Bank for every one share of BoM.

- The Kerala Government has joined hands with ICICI Bank to introduce Internet

banking facility in the State's public sector undertakings.

- ICICI Bank launched its debit card under the brand name ICICIN-cash.2009- ICICI Bank appointed N S Kannan as the Executive Director and Chief Financial

Officer on the board with effect from May 1 following the vacancy caused by theelevation of Chanda Kochhar as Managing Director and CEO of the bank, with effectfrom May 1.- ICICI Bank has announced the cut in the interest rates on floating home loans for

new borrowers by 25-50 basis points, with immediate effect. The interest rates onexisting home loans would reduce onlyif the floating reference rate is cut.- ICICI Bank with Singapore Airlines launched ICICI Bank Singapore Airlines Visa

Platinum Credit Card, the Card has exclusive privileges especially designed for themembers.- ICICI Bank Limited acting through its Hong Kong Branch (ICICI Bank) signed a

loan agreement with the Export-Import Bank of China (China Exim) for USD 98million under the Two- step Buyer Credit (Export Credit) arrangement. ICICI Bank isthe first Indian Bank to have entered into this arrangement with China Exim.

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ICICI- An Overview

2010

- ICICI Bank has increased deposit rates on select maturities. The bank has raised theinterest rate on deposits maturing in 270 days to less than one year by 25 basis points

to 5.75 per cent for deposits of Rs 15 lakh to Rs 1 crore.- ICICI Bank increased its deposit rates in select tenures by up to0.50% with instant

effect, signaling hardening of interest rates in the industry.- ICICI Bank has announced the appointment of Mr Rajiv Sabharwal as a whole-time

director of the bank. The bank said Mr Sabharwal is designated as an ExecutiveDirector effective June 24. Mr Sabharwal was heading the bank's retail bankingoperations.

- ICICI Bank announced the appointment of Mr Rajiv Sabharwal as awhole-time director of the bank.

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ICICI- An Overview

ICICI Group Companies

ICICI Group

ICICI Prudential Life Insurance Company ICICI Securities ICICI Lombard General Insurance Company ICICI Prudential AMC & Trust ICICI Venture ICICI Direct

ICICI Foundation

Disha Financial Counselling

ICICI Bank also has banking subsidiaries in UK, Canada and Russia

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ICICI- An Overview

Board of Directors

Mr. Sudhir Mehta Chairman Mr.Markand Bhatt

Dr. Prasanna Chandra

Mr. S. H. Bhojani

Mr. SanjayLalbhai

Mr. Shailesh Haribhakti

SamirMehta

Dr. Chaitanya Dutt

Board of Directors

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ICICI- An Overview

Board Members,Board Committees , Director's Profiles

Board Members

Mr. K. V. Kamath, Chairman

Mr. Sridar Iyengar

Mr. Homi R. Khusrokhan

Dr. Anup K. Pujari

Mr. M.S. Ramachandran

Dr. Tushaar Shah

Mr. M.K. Sharma

Mr. V. Sridar

Mr. V. Prem Watsa

Ms. Chanda D. KochharManaging Director & CEO

Mr. Sandeep BakhshiDeputy Managing Director

Mr. N. S. Kannan,Executive Director & CFO

Mr. K. RamkumarExecutive Director

Mr. Rajiv SabharwalExecutive Direct

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http://www.icicibank.com/aboutus/bod-1.htmlhttp://www.icicibank.com/aboutus/bod-2.htmlhttp://www.icicibank.com/aboutus/bod-3.htmlhttp://www.icicibank.com/aboutus/board-of-members-kvk.htmlhttp://www.icicibank.com/aboutus/board-of-members-iyengar.htmlhttp://www.icicibank.com/aboutus/board-of-directors-homi.htmlhttp://www.icicibank.com/aboutus/board-of-members-pujari.htmlhttp://www.icicibank.com/aboutus/board-of-members-ramachandran.htmlhttp://www.icicibank.com/aboutus/board-of-members-tushaar.htmlhttp://www.icicibank.com/aboutus/board-of-members-sharma.htmlhttp://www.icicibank.com/aboutus/board-of-directors-sridhar.htmlhttp://www.icicibank.com/aboutus/board-of-members-watsa.htmlhttp://www.icicibank.com/aboutus/board-of-directors-kochhar.htmlhttp://www.icicibank.com/aboutus/board-of-directors-kochhar.htmlhttp://www.icicibank.com/aboutus/board-of-directors-bakhshi.htmlhttp://www.icicibank.com/aboutus/board-of-directors-bakhshi.htmlhttp://www.icicibank.com/aboutus/board-of-directors-kannan.htmlhttp://www.icicibank.com/aboutus/board-of-directors-kannan.htmlhttp://www.icicibank.com/aboutus/board-of-directors-ramkumar.htmlhttp://www.icicibank.com/aboutus/board-of-directors-ramkumar.htmlhttp://www.icicibank.com/aboutus/bod-1.htmlhttp://www.icicibank.com/aboutus/bod-2.htmlhttp://www.icicibank.com/aboutus/bod-3.htmlhttp://www.icicibank.com/aboutus/board-of-members-kvk.htmlhttp://www.icicibank.com/aboutus/board-of-members-iyengar.htmlhttp://www.icicibank.com/aboutus/board-of-directors-homi.htmlhttp://www.icicibank.com/aboutus/board-of-members-pujari.htmlhttp://www.icicibank.com/aboutus/board-of-members-ramachandran.htmlhttp://www.icicibank.com/aboutus/board-of-members-tushaar.htmlhttp://www.icicibank.com/aboutus/board-of-members-sharma.htmlhttp://www.icicibank.com/aboutus/board-of-directors-sridhar.htmlhttp://www.icicibank.com/aboutus/board-of-directors-sridhar.htmlhttp://www.icicibank.com/aboutus/board-of-directors-sridhar.htmlhttp://www.icicibank.com/aboutus/board-of-members-watsa.htmlhttp://www.icicibank.com/aboutus/board-of-directors-kochhar.htmlhttp://www.icicibank.com/aboutus/board-of-directors-kochhar.htmlhttp://www.icicibank.com/aboutus/board-of-directors-bakhshi.htmlhttp://www.icicibank.com/aboutus/board-of-directors-bakhshi.htmlhttp://www.icicibank.com/aboutus/board-of-directors-kannan.htmlhttp://www.icicibank.com/aboutus/board-of-directors-kannan.htmlhttp://www.icicibank.com/aboutus/board-of-directors-ramkumar.htmlhttp://www.icicibank.com/aboutus/board-of-directors-ramkumar.html


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ICICI- An Overview

Organisational Structure of ICICI Bank

ICICI Banks organisation structure is designed to be flexible and customer- focused,while seeking to ensure effective control and supervision and consistency in standards

across the organisation and align all areas of operations to overall organisational

objectives. The organisation structure is divided into six principal groups Retail

Banking, Wholesale Banking, International Banking, Rural (Micro-Banking) and

Agriculture Banking, Government Banking and Corporate Center.

RETAIL BANKING:

The Retail Banking Group is responsible for products and services for retail customers

and small enterprises including various credit products, liability products, distribution

of third party investment and insurance products and transaction banking services.

WHOLESALE BANKING

The Wholesale Banking Group is responsible for products and services for large and

medium-sized corporate clients, including credit and treasury products, investment

banking, project finance, structured finance and transaction banking services.

INTERNATIONAL BANKING

The International Banking Group is responsible for its international operations,

including operations in various overseas markets as well as its products and services

for non-resident Indians and its international trade finance and correspondent bankingrelationships.

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ICICI- An Overview

RURAL AND AGRICULTURAL BANKING

The Rural, Micro-Banking & Agri-Business Group is responsible for envisioning and

implementing rural banking strategy, including agricultural banking and micro-finance.

GOVERNMENT BANKING

The Government Banking Group is responsible for government bankinginitiatives.

CORPORATE CENTER

The Corporate Center comprises the internal control environment functions (including

operations, risk management, compliance, audit and legal); finance (including financial

reporting, planning and strategy, asset liability management, investor relations and

corporate communications); human resitsces management; and facilities management

& administration.

BUSINESS REVIEW

During fiscal 2008, the Bank continued to grow and diversify its asset base and

revenue streams by leveraging the growth platforms created over the past few years.

We maintained our leadership position in retail credit, achieved robust growth in our

fee income from both corporate and retail businesses, strengthened our deposit

franchise and significantly scaled up our corporate and international banking

operations.

RETAIL BANKING

We are the largest provider of retail credit in India. Our total retail portfolio was Rs.

1,316.63 billion at March 31,2008, constituting 58% of our total loans at that date.

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ICICI- An Overview

DOMESTIC SUBSIDIARIES

1. ICICI Home Finance Company Limited2. ICICI Investment Management Company Limited

3. ICICI Lombard General Insurance Company Limited4. ICICI Prudential Life Insurance Company Limited5. ICICI Securities Limited6. ICICI Trusteeship Services Limited7. ICICI Venture Funds Management Company Limited8. ICICI Securities Primary Dealership Limited9. ICICI Prudential Asset Management Company Limited10.ICICI Prudential Trust Limited

INTERNATIONAL SUSIDIARIES

ICICI Bank Canada

ICICI Bank Eurasia Limited Liability Company

ICICI International Limited

ICICI Securities Holding Inc

ICICI Securities Inc

ICICI Bank Uk Limited

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ICICI- An Overview

Function & Objectives

Industrial Credit and Investment Corporation of India was established asa joint stockcompany in the private sector in 1955. Its share capital was contributed by banks,insurance companies and foreign institutions including the World Bank. Its majorshareholders now are Unit Trust of India, Life Insurance Corporation of India andGeneral Insurance Corporation and its subsidiaries. They together hold approximately50% of the paid up share capital of ICICI.

Objectives:

The ICICI has been established to achieve the following objectives:

(I) To assist in the formation, expansion and modernisation of industrial units in theprivate sector;

(ii) To stimulate and promote the participation of private capital (both Indian andforeign) in such industrial units;

(iii) To furnish technical and managerial aid so as to increase production and expandemployment opportunities;

(iv) To assist in the development of the capital market through its underwritingactivities.

FunctionsThe primary function of ICICI is to act as a channel for providing development financeto industry. In pursuit of its objectives of promoting industrial development, ICICI

performs the following functions:-

(i) It provides medium and long-term loans in Indian and foreign currency forimporting capital equipment and technical services. Loans sanctioned generally gotowards purchase of fixed assets like land, building and machinery;

(ii) It subscribes to new issues of shares, generally by underwriting them;

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ICICI- An Overview

(iii) It guarantees loans raised from private sources including deferred payment;

(iv) It directly subscribes to shares and debentures;

(v) It provides technical and managerial assistance to industrial units;

(vi) It provides assets on lease to industrial concerns. In other words,assets are ownedby ICICI but allowed to be used by industrial concerns for a consideration called leaserent.

(vii) It provides project consultancy services to industrial units for new projects.

(viii) It provides merchant banking services.The corporation is empowered to provideany amount of financial assistance to any business unit in the private sector, public

sector, joint sector or co-operative sector. Any company with limited liability, any soleproprietary concern, partnership concern and any co-operative society may approachthe corporation for assistance in financing a sound project. Normally it provides suchassistance within the range of self imposed limits. Accordingly, Rs.5 laths is theminimum amount sanctioned by it to a single concern and normally it does not go

beyond the maximumLimit of Rupees one core.

However no project is too large for ICICI to Handle. In promoting industrialinvestment, ICICI seeks to encourage otherFinancial institutions, both Indian and foreign, to collaborate in its lendingOperations.Financial assistance granted and disbursed by ICICI over the years havegrown steadily. ICICI has disbursed a total financial assistance of Rs.4225croresduring the three months period from Ist April 1998 to 30th June1998. The total amountsanctioned during this period is Rs.9135 crore.ICICI has promoted the followinginstitutions in recent years, showing widening scope of activities of ICICI:

1. ICICI Securities and Finance Co. Ltd.2. ICICI Asset Management Co. Ltd.3. ICICI Investors Services Ltd.

4. ICICI Banking Corporations Ltd.5. Credit Rating Information Services of India Ltd. (CRISIL)6. Technology Development and Information Company of India Ltd.(TDICI)7. Programme for the Advancement of Commercial Technology.

8. `Programme for Acceleration of Commercial Energy Research.

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ICICI- An Overview

Products & Services

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1. Personal

BankingNRI Banking Business Banking

1. Deposits Money Transfer Corporate NetBanking

2. Cards Bank Accounts CashManagement

3. Loans Investments Trade Services

4. Investments Property Solutions FXOnline

5. Insurance Insurance SME Services

6. Demat Services Loans Online Taxes


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ICICI- An Overview

Investor Relations

Share price per for Share price performance previous 3 yearsmance previous 3years

Investor Relations :

ICICI Bank disseminates information on its operations and initiatives on a regularbasis. The ICICI Bank website serves as a key investor awareness facility, allowingstakeholders to access information on ICICI Bank at their convenience.

ICICI Bank's dedicated investor relations personnel play a proactive role indisseminating information to both analysts and investors and respond to specificqueries.

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ICICI- An Overview

Awards-2010

o For the sixth time in a row, ICICI Bank has received the Most PreferredAuto Loan Brand in the Financials Services category at the CNBCConsumer Awards.

o ICICI Bank has won Gold in the Readers Digest Trusted Brands 2010Consumer award in the Finance category for a) Best Bank and b) Best

Credit Card Issuing Bank

o ICICI Bank won the Best Trade Finance Bank and Best Foreign ExchangeBank, India at the Finance Asia Country Awards for Achievement, HongKong

o ICICI Bank won the Best Local Bank by Trade and Forfaiting Review,UK

o ICICI Bank received the Best Trade Finance Bank in India by The AssetTriple A Award, Hong Kong

o ICICI Bank was awarded the Best Trade Finance Bank in South Asia byGTR (Global Trade Review), UK

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ICICI- An Overview

o ICICI Bank amongst the top 3 to receive the FE- EVI Green BusinessLeaders Award, in the banking industry

o ICICI Bank wins the Asian Banker Award for Best Banking SecuritySystem

o ICICI Bank is the first and the only Indian brand to be ranked as the 45thmost valuable global brand by BrandZ Top 100 Global Brands Report.

o ICICI Bank has been ranked 1st in the term money category, from a list of38 leading Banks by the German magazine, Euro. Since commencementof business two years ago in the German market, this is the 5th

certification/award including 2 certifications from Stiftung warrenttest(for Savings and Term Deposits) and three "Best Bank" rankings by Euromagazine.

o Forbes' 2000 most powerful listed companies' survey ranked ICICI Bank4th among the Indian companies and 282nd globally.

o ICICI Bank was awarded The Asian Banker Achievement Award 2009 forCash Management in India.

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ICICI- An Overview

o The Economic Times-Corporate Dossier Annual Survey of India Inc'sMost Powerful CEOs featured Ms Chanda Kochhar, MD and CEO, as themost powerful women CEO in India. She was ranked 13th in the overall

power list

o ICICI Group Global Private Clients (GPC) has won the coveted'Euromoney Private Banking Award 2010' for Best Bank in the Super-Affluent Category (USD 500,000 to USD 1 million) - India. The other

categories in which GPC picked up awards were:

o Fixed Income Portfolio Managemento Lending/Financing Solutionso Precious Metals Investmento Private Equity Investmento Specialized Services - Entrepreneurso FX/Rates Derivatives Supplier

o ICICI Bank wins the Asian Banker Award for Excellence in SMEBanking 2009

o ICICI Bank won the second prize in the Six Sigma Excellence Awards,conducted by Indian Statistical institute, Bangalore for "Improving Sales

for TV Banking business"o Mr.N. Vaghul, Former Chairman, ICICI Bank was awarded the "Padma

Bhushan"

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ICICI- An Overview

Ms. Chanda Kochhar, Managing Director & CEO was ranked 11th by FinancialTimes in The Top 50 Women In World Business.

Ms.Chanda Kochhar, Managing Director & CEO was ranked 10th in theInternational Fortune list of 50 most powerful women in business

ICICI Bank was voted as the Most Trusted Brand among private sector banks inthe 2010 Economic Times - Brand Equity Most Trusted Brands Awards andranked 7th in the list of Top 50 service brands

ICICI Bank received the 2010 World Finance UK award for:o Excellence in Remittance Business, Worldwideo Excellence in NRI Services, Worldwideo Excellence in Private Banking Business, APAC Region

ICICI Bank UK, HiSAVE has been awarded 'Best Online Savings AccountProvider 2010 ' by Your Money ,direct consumer awards,UK ICICI Bank UK, HiSAVE has been commended for 'Best Internet Account

Provider 2010' and 'Best Fixed Rate Account Provider 2010' by Moneyfacts, anindependent consumer finance leading aggregator

Ms.Chanda Kochhar, MD & CEO was awarded the Financial Express BestBanker Award

For the sixth time in a row, ICICI Bank has received the Most Preferred AutoLoan Brand in the Financials Services category at the CNBC Consumer Awards

ICICI Bank has won Gold in the Readers Digest Trusted Brands 2010 Consumer

award in the Finance category for a) Best Bank and b) Best Credit Card IssuingBank

ICICI Bank won the Best Trade Finance Bank and Best Foreign Exchange Bank,India at the Finance Asia Country Awards for Achievement, Hong Kong

ICICI Bank won the Best Local Bank by Trade and Forfaiting Review, UK ICICI Bank received the Best Trade Finance Bank in India by The Asset Triple

A Award, Hong Kong ICICI Bank was awarded the Best Trade Finance Bank in South Asia by GTR

(Global Trade Review), UK

ICICI Bank amongst the top 3 to receive the FE- EVI Green Business LeadersAward, in the banking industry ICICI Bank wins the Asian Banker Award for Best Banking Security System ICICI Bank is the first and the only Indian brand to be ranked as the 45th most

valuable global brand by BrandZ Top 100 Global Brands Report. ICICI Bank has been ranked 1st in the term money category, from a list of 38

leading Banks by the German magazine, Euro. Since commencement of business

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two years ago in the German market, this is the 5th certification/award including2 certifications from Stiftung warrenttest (for Savings and Term Deposits) andthree "Best Bank" rankings by Euro magazine.

Forbes' 2000 most powerful listed companies' survey ranked ICICI Bank 4thamong the Indian companies and 282nd globally.

ICICI Bank was awarded The Asian Banker Achievement Award 2009 for CashManagement in India.

The Economic Times-Corporate Dossier Annual Survey of India Inc's MostPowerful CEOs featured Ms Chanda Kochhar, MD and CEO, as the most

powerful women CEO in India. She was ranked 13th in the overall power list. ICICI Group Global Private Clients (GPC) has won the coveted 'Euromoney

Private Banking Award 2010' for Best Bank in the Super-Affluent Category(USD 500,000 to USD 1 million) - India. The other categories in which GPC

picked up awards were:o Fixed Income Portfolio Managemento Lending/Financing Solutionso Precious Metals Investmento Private Equity Investmento Specialized Services - Entrepreneurso FX/Rates Derivatives Supplier

ICICI Bank wins the Asian Banker Award for Excellence in SME Banking 2009 ICICI Bank won the second prize in the Six Sigma Excellence Awards,

conducted by Indian Statistical institute, Bangalore for "Improving Sales for TVBanking business"

Mr.N. Vaghul, Former Chairman, ICICI Bank was awarded the "PadmaBhushan"

India Stands For Quality Financial Institutions

NEW YORK - The major U.S. Financial institutions rallied over 10 % that week butthey remain at depressed levels. According to the financial markets, the "I" in Indiastand for Quality when it comes to financial institutions. ICICI Bank (532174 1117.555.71%), India's second largest lender has a market capitalization of $33 billion despitehaving contingent liabilities that are twice the size of its balance sheet meaning it has

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excessive leverage. PNC Financial, (PNC 61.24 -0.54%) the United States sixthlargest bank is twice the size of ICICI Bank but its valued $2 billion under ICICI.

The reasons for this are unexplainable, PNC has twice the earnings, twice the equityand has better growth in terms of Return on Equity (ROE) over the last year, a keymetric in evaluating financial institutions. ICICI Bank had a pretty miserable ROE of8% in the last year, despite this the company's valuation has soared. It is explainablethat the Indian Banks are not growing quickly and it is likely because people in Indiaare extremely poor.

At the current growth rate India's economy will be 1/3 the size of today's present U.S.Economy in twenty years. Investors are overvaluing population and undervaluing GDPin arriving at their valuations. GDP is the most important figure. The population could

be 10 billion but if everyone makes $1 its banks will not have much success.

Bank of America (BAC 12.59 -0.51%) which is 20 times the size of ICICI has avaluation of only 4 times as much.

Going forward the valuations will need to change dramatically in relation to U.S. andIndian Banks. It is not possible that banks in a country with inherit risk, and withoutspectacular growth in the banking system can continue having valuations of 1/4 themarket cap when they are 1/20 the size. Either the U.S. Banks will go up in value orthe Indian banks will decline.

Role of ICICI in Development of Economy

FOCUS AREAS OF SOCIAL INITIATIVES GROUP (SIG): - October12th, 2010

FOCUS AREAS OF SIG

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Foundation. It seeks to provide a variety of services to NGOs listed includingfacilitating the receipt of donations online (Give Online), sale of NGO products(Shop Online), volunteering of time and skills (Volunteer Online) and news (NewsOnline).

2. Modernization of the Indian Financial System:

This involves encouraging appropriate research and institution building efforts on anational basis. It is a virtual non-profit research centre that acts as a platform toaddress and encourage debate, and develop a non-partisan opinion on various issuesof concern and interest in financial economics relating to emerging markets.

ICICI Bank has supported the development of various financial institutions such as

the National Stock Exchange and the Bombay Stock Exchange. It has alsosupported the Institute for Financial Management and Research, Chennai.

The changed economic climate in India, with a growing emphasis on the market,has hastened the need for an informed and participatory socio-economic order. Asone of the largest players in the economic landscape of the country, ICICI Bank

believes that its involvement in the commercial sector must be backed by asimultaneous commitment in the social sector.

This is particularly so if any of the larger goals of economic liberalisation in India,and of its players, is to be brought to fruition. ICICI Bank seeks to perform its rolein the social sector through a dedicated not-for-profit group, the Social InitiativesGroup (SIG).

The Social Initiatives Group (SIG) of ICICI Bank Ltd works with a mission to buildthe capacities of the poorest of the poor to participate in the larger economy. The groupidentifies and supports initiatives designed to break the intergenerational cycle of poorhealth and nutrition, ensure essential early childhood education and schooling as wellas access to basic financial services.

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Thus, by promoting early child health, catalyzing universal elementary education andmaximizing access to micro financial services, ICICI Bank believes that it can buildthe capacities of Indias poor to participate in larger socio-economic processes andthereby spur the overall development of the country.

The SIG works by understanding the status of existing systems of service delivery andidentifying critical knowledge and practice gaps in their functioning. It locates costeffective and scalable initiatives and approaches that have the potential to address thesegaps and supports research to understand their impact.

This is undertakenin collaboration with research agencies, nongovernmentalorganisations (NGOs), companies, government departments, local stakeholders andinternational organisations.

Overview

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The ICICI Centre for Elementary Education is an interdisciplinary organisationworking towards the universalisation of elementary education in India. This focusderives from the belief that education up to the elementary level is a minimal andnecessary condition for individuals to participate meaningfully in socio-economic

processes, and collectively contribute to the development of society.

To this end, we seek to make a definitive contribution through research, debate andaction, by building collaboration with non-government organisations, stategovernments and academic institutions, to initiate a process of change.

ICICI Centre for Elementary Education is registered as a public charitable trust underthe Bombay Public Trusts Act, 1950.

Focus Areas

The ICICI Centre for Elementary Education aims to play a catalytic role in theprocesses of systemic reform which are expected to contribute towards sectoralknowledge and attempts to change the way curriculum is designed, textbooks written,teachers trained and academically supported and students taught and assessed. Wehave been working towards such change in the government system of education in our

projects in the state of Chhattisgarh and district Baran in Rajasthan.

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Drawing from our experience of working in the education sector for the last ten years

we have identified three areas as being critical for achieving good schooling andlearning outcomes. The most overarching factor is the curriculum addressing thequestions of why, what and how to teach. How the curriculum framework plays out inthe classroom depends on the process of teaching and learning.

Thus, it becomes essential that a teacher understands his/her role in the classroom andis well prepared to facilitate the learning process for the children. For the teacher to becapable of this he/she has to be supported by a strong academic support structureswhich work towards developing effective teachers.

To ensure that the education system is addressing these factors and producingeffective results there is a need to have strong accountability mechanisms which makethe system responsive to its constituents.

Agri Corporate

ICICI Bank recognises the role of prompt finance, and stable cashflows for a business.We offer a range of products tailor made to meet your unique needs. With ICICI Bankon your side, you can focus all your energies on the growth of your business.

Agri Investment Banking Solutions

The recent trends of domestic and global takeovers, mergers, acquisitions, strategicalliances and diversification, reflect Agri Indian Corporates and SMEs globalleadership aspirations and these have become the integral part of companiesglobalisation strategies. While achieving global market leadership remains the top

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priority for the acquirers, access to best-in-class technologies, the business imperativeto achieve critical scale, increasing global market share, and increasing shareholdervalue were the prime drivers behind the recent deals. A concomitant of this perspectiveis intense foreign investor interest in India. As a result, the region is an important

destination for most investors financing such aspirations.

In ICICI Bank, through our focus on Investment Banking, we offer Strategic advisoryservices for Agri Inc's. Our strong team of advisors and analysts offers end-to-endsolutions for inorganic growth aspirations of clients from target search to merger &acquisition financing, Strategic alliances/ Joint ventures and property developmentadvisory & placements.

Forex & Derivatives

In less than three decades of their coming into vogue, derivative markets have becomean extremely important component of financial markets the world over, and aregrowing tremendously every day. Derivatives have evolved as a low-cost, effectivemethod for users to hedge and manage their exposures to interest rates, commodity

prices, or exchange rates.Over time, as financial markets have developed, derivatives have assumed the role ofeffective risk-management tools for the market participants, while also helping insubstantially reducing their cost of debts.

By providing investors and issuers with a wider array of tools for managing risks andraising capital, derivatives improve the allocation of credit and the sharing of risk inthe global economy, lowering the cost of capital formation and stimulating economic

growth.The total exports and imports of the Indian agri-business exceed USD 23.00 billionannually. The market experience in the segment indicates that forward contracts andderivatives as risk hedging instruments are growing products and are offering immense

benefits beyond just the conventional banking products.

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At ICICI Bank, we have one of the largest and most experienced treasuries across thefinancial markets' landscape, with experience in dealing with all currencies across theworld. Our extremely experienced team of analysts, advisors, and solution managersoffer advisory services and solutions over an entire gamut for clients to hedge their

risks and lower their costs, thereby helping them develop their business better.

In our endeavour to provide financial solutions at every stage of an agri-business valuechain, Agri-SME caters to a host of exporters and importers. We offer products that notonly help our clients who have any kind of forex exposure by way of exports orimports to protect their exposure against market fluctuations, but also substantiallyreduce the cost of debt and leverage upon income earning potential through customisedderivative structures.

Rapid Forex is one such facility, which will help our clients to hedge their flows andalso to reduce their cost of debt. Under the program, forex and derivatives facilitieswould be sanctioned to specific borrowers who meet certain predefined eligibilitycriteria.

Features

Specialised, parameterised program for sanctioning forex and derivative facilities toAgri-SME. Enables facility for hedging of forex exposure for exporter - importer community.

Per client limits of up to Rs. 20 million. Unsecured - no security/ collateral requirement. Minimal documentation; only business profile and financials required. Speedy sanction. Shifts your focus from your cash flow management to the growth of your business. Specialised products for shorter term foreign exchange borrowings.

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Direct interface between client and treasury manager. Instant booking of deals on phone.

ICICI Prudential Retirement

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ICICI Prudential

Type Private limited company

Industry Insurance

Headquarters Mumbai

Key people Nimesh Shah, Managing Director[1]

Products Individual and Group Insurance Plans

Website Official Website

ICICI Prudential is a joint venture between ICICI Bankand Prudential plc engaged inthe business of life insurance in India based in Mumbai. ICICI Prudential is the largest

private insurance company and second largest insurance in India afterLIC. ICICIPrudential Life Insurance Company is a joint venture between ICICI Bank, a premier

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ICICI prudential retirement solutions also known as ICICI Pru pension plans havebeen designed to cater to the diverse requirements that characterize eachindividual. A retirement plan is an assurance of regular income source to continue

with your present lifestyle. ICICI Prudential understands the importance of apension plan for you and brings innovative and customized products and plans tosuit each customer.

Retirement solutions by ICICI Prudential include pension plans, lifetime goldschemes, ICICI prudential power fund and many such services. A list of popular

pension plans by ICICI prudential includes:

ICICI Prudential Life Stage Pension Plan:There is no premium allocation charge and the entire amount you pay as regular

premiums is meant for investment only. The money invested thus is re-distributedcontinuously across various asset groups, which are based on the stages of your lifeand your risk tolerance. This plan enables you for a customized retirement solution.

ICICI Prudential PremierLife Pension Plan:

This plan will not only take care of your need after retirement but also make youricher when you retire. You can customize your investment by decreasing the

premium contributions or by making top ups at any time. At retirement, you areentitled for a regular income for the rest of your life.

ICICI Prudential Life Time Super Pension Plan:

It is a cost-effective plan to help you save systematically. It is a unit-linked pension

policy and let you earn a fixed income after retirement.

Health insurance policies insure you against several illnesses and guarantee you stayfinancially secure should you ever require treatment. They safeguard your peace ofmind, eliminate all worries about treatment expenses, and allow you to focus yourenergy on more important things, like getting better. Let's learn more about the varioustypes of health insurance available, and what the best policy for you might be.

Health Insurance policies in India - An Overview

There are several health insurance or medical insurance plans in India. These can bedivided into the following categories based on the coverage offered:Hospitalization Plans: These health insurance plans cover your expenses in case youneed to be hospitalized. Within this category, products may have different payoutstructures and limits for various heads of expenditure. The hospitalisation coverage may

be reimbursement based plans or fixed benefit plans. These plans aim to cover the morefrequent medical expenses. Click to know about our hospitalisation insurance plan(Hospital Care II, MediAssure)

Critical Illness Plans: These health insurance plans provide you coverage against criticalillnesses such as heart attack, organ transplants, stroke, and kidney failure amongothers. These plans aim to cover infrequent and higher ticket size medical expenses.Click to know about our critical illness plans.
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In June, 2009 ICICI Prudential Life Insurance has decided to snap its tie up with TTKHealthcare to settle insurance claims of its users.[3]

ICICI Lombard

Ltd.

TypePublic ListedCompany

Industry Insurance

Founded 2001

Headquarters Mumbai, India

Key people BhargavDasgupta, MD

Products General insurance

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ICICI Bank is a the preferred partner for a large number of Indian companies that needto raise debt from foreign credit markets in the form of external commercial borrowing(ECB).

The aggregate external commercial borrowing by Indian companies increased by aCAGR of 59.1% between 2004-07. ICICI Bank is the preferred lead arranger for alarge number of these transactions and this revenue stream should continue to boostICICIs fee income.

ICICI Bank is currently the best-placed Indian bank to cater to Indian companiesincreasing appetite for international mergers and acquisitions. During fiscal 2008,ICICI was involved in 75% of outbound mergers and acquisitions deals from India.

It is now a preferred partner for Indian companies for syndication of external

commercial borrowings and other fund raising in international markets and has beenranked number one in offshore loan syndications of Indian corporates in calendar year2008.

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Health Insurance:

Factors to be considered for the Best Plan!

Pricing and Returns

Adequate Sum required for his Higher Education Cost.

Rider Benefits like Health Insurance, Accident cover

Competitive Administrative Costs

Assured amount for Children in case of Parents Death.

Claim History of the company you are purchasing insurance from

Life Insurance FAQs- Insurance, Life

Insurance India, Life Insurance

Company

NOMINATION

CLAIM

POLICY SERVICING

SURRENDER/PARTIAL WITHDRAWAL/ASSIGNMENT

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Nomination:

1) What is nomination? And who is a nominee?

Nomination is a right conferred on the life insurance policyholder to appoint a person

or persons to receive the policy monies in the event of the policy becoming a claim bydeath. Any policyholder, who is a major and the life insured under a policy, can make anomination.A nominee is the person designated by the policyholder to receive the proceeds of aninsurance policy, upon the death of the insured.

2) Can I change my nomination?

Yes. You can change your nomination at any time till the maturity date. All you needto do is to inform us about the change through the specified form.

3) What details am I to provide about the nominee/s?

The following details are necessary when filling in the proposal form: full name of thenominee, address, age, and the relationship between you and the nominee.

4) What is the difference between nomination and assignment?

While nomination is an authorisation to receive the policy monies in the event of deathof the life assured, it does not give the nominee an absolute right over the moneyreceived to the exclusion of other legal heirs. Further, the nomination can be revokedor cancelled at any time during the lifetime of the policyholder at his will and pleasureor by a subsequent assignment.On the other hand, assignment of an insurance policy is a transfer or assignment of allrights and liabilities of the insurance policy in favour of the assignee.

Claim:

1) What is a Claim?

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1) What is the benefit of opting for riders / add-ons?

Riders / add-ons are the additional benefits that can be added to the basic old policiesprior to July 1, 2006, by paying a marginal additional premium. Riders offered by usare:a. ADBR: Accident & Disability Benefit Rider

b. ABR: Accident Benefit Riderc. CIBR: Critical Illness Benefit Riderd. WOPR: Waiver of Premium Rider.e. IBR: Income Benefit Rider.

2) What is the difference between switch and redirection?

A switch will enable you to shift the existing units of your unit-linked policy into anew fund and will not change your future premium allocation.A premium redirection will enable you to change your allocation for all the future

premiums of your policy. However, your existing units will not be shifted into a newfund.

3) In case I lose my policy document how do I obtain a duplicate policy?

You will need to pay the charges towards the issue of a duplicate policy, which willalso include the charges for stamp fee. We will send a Duplicate Policy Request formthat you will need to fill and send us.

4) How will the Net Asset Value (NAV) be calculated for my servicing requests?

The Net Asset Value (NAV) is applicable at the time of valuation/purchase. It iscalculated as the value on the day you make a transaction request (provided it is aworking day).

Yes, you can change the premium frequency from low (annual) to a higher frequency(bi-annual or monthly) or vice-versa.

5) Can I surrender my policy?

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The loan amount is disbursed only after the gold ornaments are disbursed after asatisfactory assessment and submission of all the documents. The loan amount is disbursed either in cash, account fund transfer or DD.

Interest Rate:Simple interest rate is payable at the closure of limit or end of tenure, whichever isearlier.

Charges on ICICI Agriculture Loan:

Processing fee is deducted (as applicable) during the loan disbursement.

Default:

If the borrower defaults, the rate of 2% per annum is applied over the interest rate aspenal interest. Nothing happens to the gold

Role of ICICI in Agricultural sector

Kisan Cards

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The finance ministry has nudged banks to double the limit on short-term crop loansunder collateral-free loans under the kisan credit card scheme, as it looks to increaseagricultural credit, but banks are wary of an increase in bad loans.

We are not forcing banks, said a senior finance ministry official, admitting that theministry has suggested banks to explore the opportunity. They should do their duediligence as required. However, if there is a case they may ease the norms asapplicable, he said, requesting anonymity.

State Bank of India, the countrys largest lender, has already raised the limit to 2 lacWeve increased the limit forloans under kisan credit card scheme by 1 lac to providefurther support to both small and medium scale farmers, said a senior official with

State Bank of India.Under the new guidelines, the bank will lend collateral-free loans up to. 2 lac tofarmers with a clean track record for the three previous years.

Under the kisan credit card scheme, banks offer short-term credit to farmers formeeting expenses on seeds, cultivation and purchase of inputs such as read fertilisers.

In 2009-10 , banks disbursed . 34,982 crore under the scheme. The total credit offeredby banks to agriculture sector was. 3,66,919 crore. By the end of March 2010, 4,17,326

crore was extended to farmers through the kisan credit card scheme. Banks are upsetabout coercion by the government to increase lending limit under the scheme.

The government should look whether they are pushing farmers into a debt trap byeasing norms. Already there have been issues with recovery of loans under the debtrelief scheme, said the chairman of a south-based public sector bank.

RBI data shows that the total non-performing assets of public sector banks inagriculture stood at 8,330 crore at the end of March 2010.

Domestic banks are required to set aside 40% of their credit towards priority sectors.Within this, the target for agriculture loans is 18%.

NABARD, the apex institution for the development of farm sector, had recentlysuggested deeper penetration for KCCs, citing evidence that crop yield per hectare washigher for farmers holding these cards as their crops received timely inputs.

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The ICICI Agriculture Loan is known as Loan Against Gold Ornaments under whichthe idle gold ornaments are used to generate liquidity which can be used for agricultureand allied activities like poultry, dairy, cultivation fishery etc. The gold ornaments arenot actually sold but in reality are used as a security for the loan.

Themes: credit card, double kisan credit card, kisan credit card,banks, loans

Role of ICICI in Small and Medium Enterprises

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ICICI Bank was originally promoted in 1994 by ICICI Limited, an Indian financialinstitution, and was its wholly-owned subsidiary.

ICICI Bank is India's second-largest bank with total assets of about Rs.112,024 croreand a network of about 450 branches and offices and about 1750 ATMs. ICICI Bankoffers a wide range of banking products and financial services to corporate and retailcustomers through a variety of delivery channels and through its specialisedsubsidiaries and affiliates in the areas of investment banking, life and non-lifeinsurance, venture capital, asset management and information technology.

Performance

Economic Indicators

1. Production2. Employment3. Export4. Opportunity

Production

The small-scale industries sector plays a vital role in the growth of the country. Itcontributes almost 40% of the gross industrial value added in the Indian economy.

It has been estimated that a million Rs. of investment in fixed assets in the small scalesector produces 4.62 million worth of goods or services with an approximate value

addition of ten percentage points.

The small-scale sector has grown rapidly over the years. The growth rates during thevarious plan periods have been very impressive. The number of small-scale units hasincreased from an estimated 0.87 million units in the year 1980-81 to over 3 million inthe year 2000.

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When the performance of this sector is viewed against the growth in the manufacturingand the industry sector as a whole, it instills confidence in the resilience of the small-scale sector.

Year Target Achievement

1991-92 3.0 3.1

1992-93 5.0 5.6

1993-94 7.0 7.1

1994-95 9.1 10.1

1995-96 9.1 11.4

1996-97 9.1 11.3

1997-98 * 8.43

1998-99 * 7.71999-00 * 8.16

2000-01 (P) * 8.90

P-Projected (April-December)* Target not fixed at constant prices

Employment

SSI Sector in India creates largest employment opportunities for the Indian populace,next only to Agriculture. It has been estimated that 100,000 rupees of investment infixed assets in the small-scale sector generates employment for four persons.

Generation of Employment - Industry Group-wise

Food products industry has ranked first in generating employment, providingemployment to 0.48 million persons (13.1%). The next two industry groups were Non-metallic mineral products with employment of 0.45 million persons (12.2%) and Metal

products with 0.37 million persons (10.2%).

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In Chemicals & chemical products, Machinery parts except Electrical parts, Woodproducts, Basic Metal Industries, Paper products & printing, Hosiery & garments,Repair services and Rubber & plastic products, the contribution ranged from 9% to5%, the total contribution by these eight industry groups being 49%.

In all other industries the contribution was less than 5%.

Per unit employment

Per unit employment was the highest (20) in units engaged in beverages, tobacco &tobacco products mainly due to the high employment potential of this industry

particularly in Maharashtra, Andhra Pradesh, Rajasthan, Assam and Tamil Nadu.

Next came Cotton textile products (17), Non-metallic mineral products (14.1), Basicmetal industries (13.6) and Electrical machinery and parts (11.2.) The lowest figure of2.4 was in Repair services line.

Per unit employment was the highest (10) in metropolitan areas and lowest (5) in ruralareas.

However, in Chemicals & chemical products, Non-metallic mineral products and Basicmetal industries per unit employment was higher in rural areas as compared tometropolitan areas/urban areas.

In urban areas highest employment per unit was in Beverages, tobacco products (31persons) followed by Cotton textile products (18), Basic metal industries (13) and Non-metallic mineral products (12).

Location-wise Employment Distribution - Rural

Non-metallic products contributed 22.7% to employment generated in rural areas.Food Products accounted for 21.1%, Wood Products and Chemicals and chemical

products shared between them 17.5%.

UrbanAs for urban areas, Food Products and Metal Products almost equally shared 22.8% ofemployment. Machinery parts except electrical, Non-metallic mineral products, andChemicals & chemical products between them accounted for 26.2% of employment.

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In metropolitan areas the leading industries were Metal products, Machinery and partsexcept electrical and Paper products & printing (total share being 33.6%).

State-wise Employment Distribution

Tamil Nadu (14.5%) made the maximum contribution to employment.

This was followed by Maharashtra (9.7%), Uttar Pradesh (9.5%) and West Bengal(8.5%) the total share being 27.7%.

Gujarat (7.6%), Andhra Pradesh (7.5%), Karnataka (6.7%) and Punjab (5.6%) togetheraccounted for another 27.4%.

Per unit employment was high - 17, 16 and 14 respectively - in Nagaland, Sikkim andDadra & Nagar Haveli.

It was 12 in Maharashtra, Tripura and Delhi.

Madhya Pradesh had the lowest figure of 2. In all other cases it was around the averageof 6.

Year Target

(lakh nos.)

Achievement

(lakh nos.)

Growth rate

1992-93 128.0 134.06 3.28

1993-94 133.0 139.38 3.281994-95 138.6 146.56 5.15

1995-96 144.4 152.61 4.13

1996-97 150.5 160.00 4.88

1997-98 165 167.20 4.50

1998-99 170.1 171.58 2.61

1999-00 175.4 177.3 3.33

P-Provisional

Export

SSI Sector plays a major role in India's present export performance. 45%-50% of theIndian Exports is contributed by SSI Sector. Direct exports from the SSI Sector

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By its less capital intensive and high labour absorption nature, SSI sector has madesignificant contributions to employment generation and also to rural industrialisation.This sector is ideally suited to build on the strengths of our traditional skills andknowledge, by infusion of technologies, capital and innovative marketing practices.This is the opportune time to set up projects in the small-scale sector.

It may be said that the outlook is positive, indeed promising, given some safeguards.This expectation is based on an essential feature of the Indian industry and the demandstructures. The diversity in production systems and demand structures will ensure longterm co-existence of many layers of demand for consumer products / technologies /

processes.

There will be flourishing and well grounded markets for the same product/process,differentiated by quality, value added and sophistication. This characteristic of the

Indian economy will allow complementary existence for various diverse types of units.The promotional and protective policies of the Govt. have ensured the presence of thissector in an astonishing range of products, particularly in consumer goods. However,the bugbear of the sector has been the inadequacies in capital, technology andmarketing. The process of liberalisation coupled with Government support willtherefore, attract the infusion of just these things in the sector.

Small industry sector has performed exceedingly well and enabled our country toachieve a wide measure of industrial growth and diversification.

By its less capital intensive and high labour absorbtion nature, SSI sector has madesignificant contributions to employment generation and also to rural industrialisation.This sector is ideally suited to build on the strengths of our traditional skills andknowledge, by infusion of technologies, capital and innovative marketing practices. Sothis is the opportune time to set up projects in the small scale sector. It may be said thatthe outlook is positive, indeed promising, given some safeguards.

This expectation is based on an essential feature of the Indian industry and the demandstructures. The diversity in production systems and demand structures will ensure long

term co-existence of many layers of demand for consumer products / technologies /processes. There will be flourishing and well grounded markets for the sameproduct/process, differentiated by quality, value added and sophistication.

This characteristic of the Indian economy will allow complementary existence forvarious diverse types of units. The promotional and protective policies of the Govt.have ensured the presence of this sector in an astonishing range of products,

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particularly in consumer goods. However, the bug bear of the sector has been theinadequacies in capital, technology and marketing. The process of liberalisation willtherefore, attract the infusion of just these things in the sector.

ICICI and its Competitors

ICICI Bank formerly Industrial Credit and Investment Corporation of India, Marathi: isa major banking and financial services organization in India. It is the second largest

bank in India and the largest private sector bank in India by market capitalization. Thebank also has a network of 2,016 branches (as on 31 March 2010) and about 5,219ATMs in India and presence in 18 countries, as well as some 24 million customers (atthe end of July 2007).

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ICICI- An Overview

ICICI Bank offers a wide range of banking products and financial services tocorporate and retail customers through a variety of delivery channels and specializationsubsidiaries and affiliates in the areas of investment banking, life and non-lifeinsurance, venture capital and asset management. (These data are dynamic.) ICICIBank is also the largest issuer of credit cards in India.

ICICI Bank's shares are listed on the stock exchanges at BSE,NSE, Kolkata andVadodara (formerly Baroda) ; its ADRs trade on theNew York Stock Exchange(NYSE).

The Bank is expanding in overseas markets and has the largest international balancesheet among Indian banks. ICICI Bank now has wholly owned subsidiaries, branchesand representatives offices in 19 countries, including an offshore unit in Mumbai. Thisincludes wholly owned subsidiaries in Canada, Russia and the UK (the subsidiary

through which the HiSAVE savings brand is operated), offshore banking units inBahrain and Singapore, an advisory branch in Dubai, branches in Belgium, Hong Kongand Sri Lanka, and representative offices in Bangladesh, China, Malaysia, Indonesia,South Africa, Thailand, the United Arab Emirates and USA. Overseas, the Bank istargeting the NRI (Non-Resident Indian) population in particular.

ICICI reported a 1.15% rise in net profit to 1,014.21 crore on a 1.29% increase in totalincome to 9,712.31 crore in Q2 September 2008 over Q2 September 2007. The bank'sCASA ratio increased to 30% in 2008 from 25% in 2007.[6][7]

ICICI Bank is one of theBig Four Banks of India, along with State Bank of India,Punjab National Bankand Canara Bank its main competitors.

Competition

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State Bank of India - State Bank of India, a public sector bank, is the largestbank in India. Besides personal and corporate banking, SBI is also

The only bank that figures in Fortunes top 100 banks. Its 11,000 involved inNRI (Non Resident Indian) services through its network in India and overseas.

It is branches and 5,600 automatic teller machines give it a reach throughout thelength and breadth of the country; its work force of 200,000 dwarfs all other

banks in India.

Punjab National bank- Punjab National Bank (PNB) is the second largestgovernment-owned commercial bankin India with about 4,500 branches across764 cities.

This financial institution offers services in personal and corporate banking,including industrial, agricultural, and export finance, as well as international

banking. It competes with ICICI mostly in retail lending and wholesalebusinesses

HDFC - Housing Development Finance Corporation Limited Bank Limited orHDFC Bankis one of the largest private banks in India. The company competeswith ICICI in each segment, over a wide range of banking services coveringcommercial and investment banking on the wholesale side andtransactional/branch banking on the retail side.

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Total

DepositsTotal

Advances

Net profit Total

Assets

Branches

ICICI

Bank

2,305.10 1,958.66 31.10 3,453.12

State Bank

of India4355.21 3,373.36 45.41 5665.65 10186

Punjab

National

Bank

1, 398.60 1,990.48 20.48 1,990.48 4,500

HDFC

Bank

1,007.69 634.27 15.90 1,332.51 1,412

Bank of

Baroda

1,520.34 1,067.01 14.35 1,795.99 2,800
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Recently, HDFC has overtaken ICICI Bank in terms of number of branches.HDFC's Standard Life Insurance company competes with ICICI's insurancesubsidiaries. Theirmutual fund and asset management businesses are also indirect tussle.

Bank of Baroda - Bank of Baroda is another private player. It has an edge overICICI due to its rich countrywide network of over 2800 branches. It also hassignificant international presence with a network of 74 offices in 25 countries.

Comparison with Competitors

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Company Facts - ICICI Bank

Registered Address

"Landmark"Race Course Circle,

VadodraGujarat390007

Tel: 0265-2339923Fax: 0265-2339926Email: [email protected]

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BANKS LASTPRICE

MARKETCAPITAL(RS. CR.)

NETINTRESTINCOME

NETPROFIT

TOTALASSET

ICICI 1117.10 128559.22 25,706.93 4,024.98 363399.71

HDFC Bank 2,222.35 102,936.04 16,172.91 2,948.69 222,458.56Axis Bank 1,323.55 54,224.44 11,638.02 2,514.53 180,647.87

Kotak Mahindra 472.20 34,667.73 3,255.62 561.11 37,436.31

IndusInd Bank 260.10 12,073.74 2,706.99 350.31 35,369.52

YES BANK 293.70 10,139.99 2,369.71 477.74 36,382.50

Federal Bank 407.10 6,959.15 3,673.23 464.55 43,675.61

ING Vysya Bank 373.55 4,499.54 2,232.90 242.22 33,880.24

Karur Vysya 507.45 3,867.27 1,757.94 336.03 21,993.49

JK Bank 761.20 3,690.13 3,056.88 512.38 42,546.80
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Website: http://www.icicibank.comGroup: ICICI Group

Explore ICICI Bank connections

Registrars

3i Infotech Ltd Maratha Mandir AnnexeDr. A R Nair RoadMumbai Central

BALANCE SHEET IN RS: CR.

ICICI Bank HDFC Bank Axis Bank Kotak Mahindra IndusInd Bank

Mar '10 Mar '10 Mar '10 Mar '10 Mar '10Capital and

Liabilities:

Total Share Capital 1,114.89 457.74 405.17 348.14 410.65

Equity Share Capital 1,114.89 457.74 405.17 348.14 410.65

Share ApplicationMoney 0.00 0.00 0.17 0.00 2.20

Preference ShareCapital

0.00 0.00 0.00 0.00 0.00

Reserves 50,503.48 21,064.75 15,639.27 4,191.78 1,752.75Net Worth 51,618.37 21,522.49 16,044.61 4,539.92 2,397.23

Deposits 202,016.60 167,404.44 141,300.22 23,886.47 26,710.17Borrowings 94,263.57 12,915.69 17,169.55 6,140.51 4,934.29

Total Debt 296,280.17 180,320.13 158,469.77 30,026.98 31,644.46

Other Liabilities &Provisions 15,501.18 20,615.94 6,133.46 2,869.42 1,327.83

Total Liabilities 363,399.72 222,458.56 180,647.84 37,436.32 35,369.52

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Business banking

Trade Services:

ICICI Bank provides you vital services to help you focus on your business andcompete in global markets. Our trade services strengthen your business relationships

by ensuring reliability and speed in your business documentation and payments. Ourcredit facilities smoothen your cash flows.

Letter of Credit

With ICICI Banks Letter of Credit, you can be assured of timely and correct paymentsfrom your buyers. Now, interact with ease even with companies with whom you have

had limited experience or are unsure of their credit history.

ICICI Bank offers inland and foreign LCs of two types Sight LC and Usance LC. SightLC commands immediate payment on presentation of the necessary documents.

In case of a Usance LC, payment is set for a specified future date only after acceptanceof presented documents.

The ICICI Bank Edge: Sanctioned and issued quickly Competitively priced Usance period of up to 180 days Assessment based on a parameterised model.

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ICICI Bank LCs can also be availed against 100% cash margin in the form ofFixed Deposits

ICICI Bank LCs are available against 25%-35% cash margin and 100% collateralsecurity in the form of residential property or liquid securities. ICICI Bank holds firstcharge on current assets.

Bank Guarantee;

ICICI Banks Bank Guarantees are available to you against minimal requirements andin the shortest possible time. ICICI Banks Bank Guarantees are also available inforeign currency for approved purposes as defined under FEMA.

The ICICI Bank Edge:

Maximum tenor of guarantee 18 months Valid for a maximum of 10 years Competitively priced

ICICI Bank also issues Bank Guarantees against 25% cash margin and 100% collateral

security in the form of residential property or liquid securities. Bank guarantees inforeign currency are available against credit limits or 100% cash margin.

Export Bill Negotiation :

With ICICI Banks Export Bill Negotiation facility, you can obtain short-termfinance for your business, easily and in a hassle-free manner. Receive paymentas soon as your goods have been shipped simply on the basis of your tradetransaction documents. ICICI Banks Export Bill Negotiation is ideal for your

business if you do not have regular capital limits with the bank.

The ICICI Bank Edge :

Competitively priced

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Quick turnaround time Negotiation under LC, much simpler than availing regular working capital limits

from a bank Maximum tenor of 180 days

Key Facilities:

Purchase of your Sight Bill of Exchange and discounting of your Usance Bill ofExchange

Negotiation of your export bills drawn under Letter of Credit, subject to thedocuments being strictly in accordance with LC conditions

In case of discrepancies in documents, we can negotiate under reserve bysending the documents to the LC issuing bank for approval and payment

Arranging forfaiting of your export bills drawn under LC at very competitiverates, without recourse to you

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ICICI Customer Care

ICICI Bank has been expanding its reach to as many people as theycan with their highly dedicated customer service. The bankingproducts offered by ICICI bank India have created a curiosity amongmany investors and bankers. The bank provides a 24 hour customercare team that answers all queries and accomplishes the task ofproviding fast and accurate information to all the ICICI bank existingand potential customers.

The ICICI customer service includes ICICI Help Desks at any ICICIbank branch, ATM or Bank@home

Documents

ICICI FINAL 2003