VIVEK COLLEGE OF COMMERCE

ENVIROMENT OF FINANCIAL STUDY

PROJECT BY:

Mst Pritesh Prabhukeluskar

FYFM.

Roll no: 22.

Acknowledgement

Our Special thanks to Prof Debjani. Who has given us the opportunity to present on this challenging project of hdfc

bank. It has also given us immense knowledge of FINANCIAL STUDY.

The project is a comprehensive one ranging from fundamental concepts.

I sincerely hope that this project will satisfy both teacher and the thought.

History

ICICI Bank was originally promoted in 1994 by ICICI Limited, an Indian financial institution, and was its wholly-owned subsidiary. ICICI's shareholding in ICICI Bank was reduced to 46% through a public offering of shares in India in fiscal 1998, an equity offering in the form of ADRs listed on the NYSE in fiscal 2000, ICICI Bank's acquisition of Bank of Madura Limited in an all-stock amalgamation in fiscal 2001, and secondary market sales by ICICI to institutional investors in fiscal 2001 and fiscal 2002. 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.

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. In 1999, ICICI become the first Indian company and the first bank or financial institution from non-Japan Asia to be listed on the NYSE.

After consideration of various corporate structuring alternatives in the context of the emerging competitive scenario in the Indian banking industry, and the move towards universal banking, the managements of ICICI and ICICI Bank formed the view that the merger of ICICI with ICICI Bank would be the optimal strategic alternative for both entities, and would create the optimal legal structure for the ICICI group's universal banking strategy. The merger would enhance value for ICICI shareholders through

the merged entity's access to low-cost deposits, greater opportunities for earning fee-based income and the ability to participate in the payments system and provide transaction-banking services. The merger would enhance value for ICICI Bank shareholders through a large capital base and scale of operations, seamless access to ICICI's strong corporate relationships built up over five decades, entry into new business segments, higher market share in various business segments, particularly fee-based services, and access to the vast talent pool of ICICI and its subsidiaries.

In October 2001, the Boards of Directors of ICICI and ICICI Bank approved the merger of ICICI and two of its wholly-owned retail finance subsidiaries, ICICI Personal Financial Services Limited and ICICI Capital Services Limited, with ICICI Bank. The merger was approved by shareholders of ICICI and ICICI Bank in January 2002, by the High Court of Gujarat at Ahmedabad in March 2002, and by the High Court of Judicature at Mumbai and the Reserve Bank of India in April 2002. Consequent to the merger, the ICICI group's financing and banking operations, both wholesale and retail, have been integrated in a single entity.

Company BackgroundICICI Bank is India's second-largest bank andlargest private sector bank, with total assets ofEUR 46.1 billion for the quarter ending 30 June,2006. Currently, ICICI Bank has a network ofapproximately 630 branches and extensioncounters, along with 2,325 ATMs.The bank offersa wide range of banking products and financialservices to its corporate and retail customersthrough a variety of delivery channels andspecialised subsidiaries. Its services includeinvestment banking, life and non-life insurance,venture capital and asset management.ICICI Bank, originally promoted in 1994 by ICICILimited (an Indian financial institution), was thelatter’s wholly-owned subsidiary. ICICI Ltd mergedinto ICICI Bank in 2002.The equity shares of ICICI Bank are listed in Indiaon the Bombay Stock Exchange and the NationalStock Exchange of India Limited, and its AmericanDepositary Receipts are listed on the New YorkStock Exchange.ICICI Bank set up the International Banking Group(IBG) in 2002 to implement a focussed strategy forits international banking business. ICICI Bank iscurrently present in 14 worldwide locationsthrough subsidiaries in the United Kingdom,Canada and Russia, and branches in Singapore,

Bahrain, Hong Kong, Sri Lanka and Dubai. It hasrepresentative offices in the United States, China, United Arab Emirates, Bangladesh and South Africa.Its UK subsidiary has recently set up a branch inAntwerp, Belgium.

ICICI Bank Savings Accounts Features

The ICICI Bank International debit card is a debit-cum-ATM card providing you with the convenience of acceptance at merchant establishments and cash withdrawals at ATMs. Click here for details

The next time you want to withdraw cash from your ICICI Bank Savings account, just walk into any bank's ATM and use your ICICI Bank ATM-cum-Debit card for free. The above benefit is available free of cost for the first 5 transaction per month upto Rs 10,000 per transaction.

Money Multiplier Facility

Internet Banking is offered free of cost.

Anywhere Banking - This facility entitles the account holder to withdraw or deposit cash upto a limit of Rs.50,000 across all ICICI Bank branches.

You can give us various types of standing instructions like transferring to fixed deposit accounts at regular intervals.

An average quarterly balance of Rs.10,000 only in metro and urban locations, Rs.5,000 only in semi-urban and Rs. 2,000 only in rural locations.

Nomination facility is available.

Interest is payable half-yearly.

Click here to open an account online.

Average Quarterly Balance*

Type of Account

Balance

Savings Account

Rs. 10,000 in metro and urban locations

Rs. 5,000 in semi-urban locations

Rs. 2,000 in rural locations

Non-maintenance of the minimum average quarterly balance attracts a fee of Rs 750 per quarter.

TYPES OF DEPOSITES

Recurring Deposits

Recurring deposits are accepted in equal monthly installments of minimum Rs 1,000 and above in multiples of Rs 500 thereafter.

Recurring Deposit accounts can be opened for a minimum period of 12 months and in multiples of 12 months thereafter, upto a maximum of 120 months.

The amount of installment once fixed, cannot be changed.

Installment for any calendar month is to be paid on or before the last working day of the month. Where there is delay in payment of installment, one can regularize the account by paying the defaulted installment together with a penalty (at present it is @ PLR plus 4 % for the period of delay).Fraction of a month will be treated as full month for the purpose of calculating the penalty.

The total amount repayable to a depositor, inclusive of interest, depends on the amount of monthly installments and the period of deposit.

Short Deposits

The term Short Term Deposit refers to an amount of money placed in a bank or financial institution for a term no longer than one year. A Short Term Deposit will usually earn a fixed rate of interest.

Fixed Deposits

Axis Bank offers you simple reinvestment Fixed Deposits (at very competitive interest rates), which can be opened with a minimum investment of Rs 10,000. You can make additions to your deposit in multiples of Rs 1,000 each. The tenure of your deposit must be a minimum of 6 months.

TYPES OF LOANS

Home Loans

Home Loans are given for the property like houses or apartments bought in your name. These types of loans are very common in the salaried employees to buy the house. The eligible limit for the home loans will be based on the financial strength of the app0licant. Nowadays all the banks are tightening the loan restriction because of economy crisis.

One advantage with the home loans is tax savings. You can read more about the tax benefits on home loans. Also you can read the list of articles on home loans.

Auto Loans

Personal car loans are loans which you obtain in your own name for the purpose of purchasing a car. They cannot be used for other expenses, or for other purchases. They must be spent on a car, which the lender then uses as collateral to secure the loan. They are repaid to the lender monthly, or at some other period agreed upon by both parties. Personal car loans are the responsibility of the individual who signed for the loan, and not their company or business.

Personal Loans

Personal loans are tricky – you never can quite make out whether it is absolutely necessary or if it is just a luxury you will be paying back for the next few years. That new computer, or that credit card outstanding, or the house refurnishing…the need for personal loans is never ending. This site helps to get online cash advance through online application.

OTHER SERVICES GIVEN BY HDFC BANK.

1. Demat Account

HDFC BANK is one of the leading Depository Participant (DP) in the country with over 1 million demat accounts.

HDFC Bank Demat services offers you a secure and convenient way to keep track of your securities and investments, over a period of time, without the hassle of handling physical documents that get mutilated or lost in transit.

HDFC BANK is Depository participant both with -National Securities Depositories Limited (NSDL) and Central Depository Services Limited (CDSL).

2. Credit Cards

A card issued by a financial company giving the holder an option to borrow funds, usually at

point of sale. Credit cards charge interest and are primarily used for short-term financing.

Credit cards offered by HDFC bank to customers:

Super Premium Cards. Woman's Solitaire Credit Cards Premium Travel Credit Cards Titanium Card Gold Credit Cards Commercial Cards

3. Mobile Banking

Mobile Banking is a service that allows you to do banking transactions on your mobile phone

without making a call, using the SMS facility. This service FREE from HDFC Bank.

BENEFIT OF MOBILE BANKING

Balance Inquiry

Checking the last 3 transactions

Placing a Stop Payment on a Cheque

Requesting a Cheque book

Requesting an Account Statement

Cheque Status inquiry

4. Net Banking

Net banking is an Internet Service offering a simple, convenient and secure method of accessing

bank accounts on the Internet. It's never been so easy to access and manage your finances in a

secure, real-time, online environment; Anywhere, Anytime.

BENEFITS OF NET BANKING

We can access UBL bank account 24 hours a day, 7 days a week.

Can keep a close eye on our account balances,

Print account statements,

Pay bills,

Transfer funds,

Track purchases

Bill Pay.

5. ATM Facility

An ATM card is a card issued by a bank that can be used at an ATM for deposits, withdrawals,

account information, and other types of transactions, often through interbank networks.

BENEFIT OF ATM FACILITY

24-hour access to Cash

Personalized Cash Withdrawals

View Account Balances & Mini-statements.

Order a Cheque Book / Account Statement

HDFC Bank Credit Card Payment.

Deposit Cash or Cheques

Refill your Prepaid Mobile

Pay your Utility Bills

Cheque Status Enquiry