ROLE OF ICICI

(A CRITICAL ANALYSIS)

ASSIGNMENT
Submitted by

RAJ KUMAR MISHRA

B.TECH (CIVIL)
4TH YEAR
02125603414
(2014-2018)

in partial fulfilment for the award of the degree

of

BACHELOR OF TECHNOLOGY IN

CIVIL ENGINEERING

DELHI TECHNICAL CAMPUS

GGS INDRAPRASTHA UNIVERSITY, NEW DELHI
 INTRODUCTION

The banking section will navigate through all the aspects of the Banking System in
India. It will discuss upon the matters with the birth of the banking concept in the country to
new players adding their names in the industry in coming few years.

The banker of all banks, Reserve Bank of India (RBI), the Indian Banks Association
(IBA)and top 20 banks like IDBI, HSBC, ICICI, ABN AMRO, etc. has been well defined
under three separate heads with one page dedicated to each bank.

However, in the introduction part of the entire banking cosmos, the past has been well
explained under three different heads namely:
History of Banking in India
Nationalization of Banks in India
Scheduled Commercial Banks in India

The first deals with the history part since the dawn of banking system in India.
Government took major step in the 1969 to put the banking sector into systems and it
nationalized 14 private banks in the mentioned year. This has been elaborated in
Nationalization Banks in India. The last but not the least explains about the scheduled and
unscheduled banks in India. Section 42 (6) (a) of RBI Act 1934 lays down the condition of
scheduled commercial banks. The descriptions along with a list of scheduled commercial
banks are given on this page.
 ICICI BANK

Type Private, BSE & NSE, NYSE

Founded 1955 (as Industrial credit and Investment corporation of India)
Headquarter ICICI Bank Ltd.,ICICI Bank Towers, Bandra Kurla Mumbai, India
Key people N Vaghul, K.V. Kamath, ChandaKochhar , MadhabiPuri
Industry Banking Insurance Capital Markets and allied industries
Products Loans,Credit Cards, Savings, Investment vehicles, Insurance etc.
Revenue USD 5.79 billion
Total assets Rs. 3,997.95 billion (US$ 100billion)
at March 31, 2008.
 OVERVIEW

ICICI Bank (formerly Industrial Credit and Investment Corporation of India). ICICI
Limited was established in 1955 by the World Bank, the Government of India and the Indian
Industry, for the promotion of industrial development in India by giving project and corporate
finance to the industries in India.

ICICI Bank has grown from a development bank to a financial conglomerate and has
become one of the largest public financial institutions in India. ICICI Bank has financed all
the major sectors of the economy, covering 6,848 companies and 16,851 projects. As of
March 31,2000, ICICI had disbursed a total of Rs.1,13,070 crore, since inception.

ICICI Bank Fact Files:

Total assets: Rs.146,214 crore (December 31, 2004)
Network: 530 branches
ATMs: Over 1,880
Abroad Subsidiaries: United Kingdom and Canada
Abroad branches: Singapore and Bahrain
Representative offices: United States, China, United Arab Emirates, and Bangladesh and
South Africa.
 ROLE OF ICICI BANK

ICICI Bank is India's second-largest bank with total assets of about Rs. 2,513.89 bn
(US$56.3 bn) at March 31, 2006 and profit after tax of Rs. 25.40 bn (US$ 569 mn) for the
year ended March 31, 2006 (Rs. 20.05 bn (US$ 449 mn) for the year ended March 31, 2005).

ICICI Bank has a network of about 614 branches and extension counters and over
2,200ATMs. ICICI Bank offers a wide range of banking products and financial services tocor
porate and retail customers through a variety of delivery channels and through itsspecialized
subsidiaries and affiliates in the areas of investment banking, life and non-life insurance,
venture capital and asset management.

ICICI Bank set up its international banking group in fiscal 2002 to cater to the cross
border needs of clients and leverage on its domestic banking strengths to offer products
internationally.
ICICI Bank

(BSE: ICICI) (Industrial Credit and Investment Corporation of India) is India's largest
private sector bank in market capitalization and second largest overall in terms of assets.
Bank has total assets of about USD 100 billion (at the end of March 2008), a network of over
1,491 branches, 22 regional offices and 49 regional processing centres, about4,485 ATMs (at
the end of September 2008), and 24 million customers (at the end of July2007).

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

ICICI Bank has got its equity shares listed on the stock exchanges at Kolkata and
Vadodara, Mumbai and the National Stock Exchange of India Limited, and its ADRs on the
New York Stock Exchange (NYSE).The Bank is expanding in overseas markets and has the
largest international sheet among Indian banks.

ICICI Bank now has whollyowned subsidiaries, branches andrepresentatives offices

in 18 countries, including an offshore unit in Mumbai. This includes wholly owned
subsidiaries in Canada, Russia and the UK (the subsidiary through which the
savings brand is operated), offshore banking units in Bahrain and Singapore, an advisory
branch in Dubai, branches in Belgium, Hong Kong and Sri Lanka, and representative offices
in Bangladesh, China, Malaysia, Indonesia, South Africa, Thailand, the United Arab Emirates
and USA. Overseas, the Bank is targeting the NRI (Non-Resident Indian) population in
particular.

ICICI reported a 1.15% rise in net profit to Rs. 1,014.21 crore on a 1.29% increase in
total income to Rs. 9,712.31 crore in Q2 September 2008 over Q2 September 2007. The
bank's current and savings account (CASA) ratio increased to 30% in 2008 from 25% in
2007.
 ICICI Bank currently has subsidiaries in the United Kingdom, Russia and
Canada, branches in Singapore, Bahrain, Hong Kong, Sri Lanka and Dubai International
Finance Center and representative offices in the United States, United Arab Emirates, China,
South Africa and Bangladesh.

Our UK subsidiary has established a branch in Belgium. ICICI Bank is the most
valuable bank in India in terms of market capitalization. ICICI Bank's equity shares are listed
in India on the Bombay Stock Exchange and the National Stock Exchange of
India Limited and its American Depositary Receipts (ADRs) are listed on the New York
Stock Exchange (NYSE).ICICI Bank has formulated a Code of Business Conduct and Ethics
for its Directors and employees. At June 5, 2006, ICICI Bank, with free float market
capitalization of about Rs.480.00 billion (US$ 10.8 billion) ranked third amongst all the
companies listed on the Indian stock exchanges.

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 service 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.

In October 2001, the Boards of Directors 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
Ahmadabad 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.
Free float holding excludes all promoter holdings, strategic investments and Cross holdings
among public sector entities.