BY: Priya Solanki Richa Tharad

Banking Sector
The word Bank is derived from the Latin word Banca. In the pre-independence there were many bank failures. After independence, the Government passed the Banking Regulations Act, 1949 for regulating the business of banks to provide protection to depositors. Vital tool for economic development and progress.

Recent Trends in Banking Sector

The midst of an IT industry Induce Public sector bank to reorient. Integrated with other markets. No prior permission for FDI. Innovative services offered in recent past trends are E- cheque ATM Electronic Clearing System Tele Banking

Introduction of ICICI
ICICI Bank is India's second-largest bank MD & CEO: Mrs.Chanda Kocchar Total assets: Rs. 4,062.34 billion at March 31, 2011 Profit After Tax: Rs.51.51 billion at March 31, 2011 Branches: 2,533 ATMs:6,425 Subsidiaries: 19 counties Head Quarter: Mumbai Listed on BSE & NSE American Depositary Receipts listed on NYSE

Products & Services

Personal Banking Accounts & Deposits Loans Cards Insurance Wealth Management NRI Banking Online Services Bill Payment Ticket Booking Funds Transfer

VERTICAL
CHAIRMAN Mr K. V. Kamath MD AND CEO Mrs. Chanda Kochhar EXECUTIVE DIRECTOR Mr. N. S. Kannan BOARD OF DIRECTORS

Current Financial Status of ICICI Bank

28% increase in net profit. Total income declined to 32,621.95 crore. Deposit grew by 26%. Advances grew by 19%.

SWOT ANALYSIS
STRENGTHS 2ND Largest bank in India. Successfully diversified its operations. Listed in NYSE. Considered as a pioneer in usage of internet services. Aggressive and innovative marketing strategies. WEAKNESS Primarily targets upper middle class and upper class of the society. Higher service charges.

OPPORTUNITIES Expanding business to the middle and lower income groups. THREATS More and more banks are coming up.

COMPETITORS
HDFC AXIS BANK KARUR VYSYA BANK KOTAK MAHINDRA YES BANK

Challenges faced by ICICI Bank

Stiff competition from HDFC Bank. Professional bank and doesnt think about societial improvement.

FUTURE PLANS
Plans to open 1500 branches in 4 years. Will recruit 6000 people this fiscal. Plans to expand its branches overseas.

Thank You