Beruflich Dokumente
Kultur Dokumente
5. CONCLUSIONS 88
6. SUGGESTIONS 89
7. BIBLIOGRAPHY 89
8. QUESTIONS 90-92
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CHAPTER 1
Definition Of Bank:
The origin of the word bank is shrouded in mystery. According to one view point the
Italian business house carrying on crude from of banking were called banchi bancheri"
According to another viewpoint banking is derived from German word "Branck" which
mean heap or mound. In England, the issue of paper money by the government was
referred to as a raising a bank.
ORIGIN OF BANKING :
Its origin in the simplest form can be traced to the origin of authentic history. After
recognizing the benefit of money as a medium of exchange, the importance of banking
was developed as it provides the safer place to store the money. This safe place
ultimately evolved in to financial institutions that accepts deposits and make loans i.e.,
modern commercial banks.
Without a sound and effective banking system in India it cannot have a healthy
economy.The banking system of India should not only be hassle free but it should be
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able to meet new challenges posed by the technology and any other external and internal
factors.
For the past three decades India's banking system has several outstanding achievements
to its credit. The most striking is its extensive reach. It is no longer confined to only
metropolitans or cosmopolitans in India. In fact, Indian banking system has reached
even to the remote corners of the country. This is one of the main reasons of India's
growth process.
Banking in India has its origin as early or Vedic period. It is believed that the transitions
from many lending to banking must have occurred even before Manu, the great Hindu
furriest, who has devoted a section of his work to deposit and advances and laid down
rules relating to the rate of interest. During the mogul period, the indigenous banker
played a very important role in lending money and financing foreign trade and
commerce.
During the days of the East India Company it was the turn of agency house to carry on
the banking business. The General Bank of India was the first joint stock bank to be
established in the year 1786. The other which followed was the Bank of Hindustan and
Bengal Bank. The Bank of Hindustan is reported to have continued till 1906. While
other two failed in the meantime. In the first half of the 19th century the East India
Company established there banks, The bank of Bengal in 1809, the Bank of Bombay in
1840 and the Bank of Bombay in1843. These three banks also known as the Presidency
banks were the independent units and functioned well. These three banks were
amalgamated in 1920 and new bank, the Imperial Bank of India was established on 27th
January, 1921.
With the passing of the State Bank of India Act in 1955 the undertaking of the Imperial
Bank of India was taken over by the newly constituted SBI. The Reserve Bank of India
(RBI) which is the Central bank was established in April, 1935 by passing Reserve bank
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of India act 1935. The Central office of RBI is in Mumbai and it controls all the other
banks in the country.
In the wake of Swadeshi Movement, number of banks with the Indian management
were established in the country namely, Punjab National Bank Ltd., Bank of India Ltd.,
Bank of Baroda Ltd., Canara Bank. Ltd. on 19th July 1969, 14 major banks of the
country were nationalized and on 15th April 1980, 6 more commercial private sector
banks were taken over by the government.
The first bank in India, though conservative, was established in 1786. From 1786 till
today,the journey of Indian Banking System can be segregated into three distinct
phases. They areas mentioned below:
❖ New phase of Indian Banking System with the advent of Indian Financial &
Banking Sector Reforms after 1991.
To make this write-up more explanatory, I prefix the scenario as Phase I, Phase II and
Phase III.
Phase I
The General Bank of India was set up in the year 1786. Next came Bank of Hindustan
and Bengal Bank. The East India Company established Bank of Bengal (1809), Bank
of Bombay (1840) and Bank of Madras (1843) as independent units and called it
Presidency Banks.
These three banks were amalgamated in 1920 and Imperial Bank of India was
established which started as private shareholders banks, mostly Europeans
shareholders.
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In 1865 Allahabad Bank was established and first time exclusively by Indians, Punjab
National Bank Ltd. was set up in 1894 with headquarters at Lahore. Between 1906 and
1913, Bank of India, Central Bank of India, Bank of Baroda, Canara Bank, Indian Bank,
and Bank of Mysore were set up. Reserve Bank of India came in 1935.
During the first phase the growth was very slow and banks also experienced periodic
failures between 1913 and 1948. There were approximately 1100 banks, mostly small.
To streamline the functioning and activities of commercial banks, the Government of
India came up with The Banking Companies Act, 1949 which was later changed to
Banking Regulation Act 1949 as per amending Act of 1965 (Act No. 23 of 1965).
Reserve Bank of India was vested with extensive powers for the supervision of banking
in India as the Central Banking Authority.
During those day’s public has lesser confidence in the banks. As an aftermath deposit
mobilization was slow. Abreast of it the savings bank facility provided by the Postal
department was comparatively safer. Moreover, funds were largely given to traders.
Phase II
Government took major steps in this Indian Banking Sector Reform after independence.
In1955, it nationalized Imperial Bank of India with extensive banking facilities on a
large scale especially in rural and semi-urban areas. It formed State Bank of India to act
as the principal agent of RBI and to handle banking transactions of the Union and State
Governments all over the country.
Seven banks forming subsidiary of State Bank of India was nationalized in 1960 on
19th July,1969, major process of nationalization was carried out. It was the effort of the
then Prime Minister of India, Mrs. Indira Gandhi. 14 major commercial banks in the
country was nationalized.
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Second phase of nationalization Indian Banking Sector Reform was carried out in 1980
with seven more banks. This step brought 80% of the banking segment in India under
Government ownership.
The following are the steps taken by the Government of India to Regulate
BankingInstitutions in the Country:
After the nationalization of banks, the branches of the public sector bank India rose to
approximately 800% in deposits and advances took a huge jump by 11,000%.
Banking in the sunshine of Government ownership gave the public implicit faith and
immense confidence about the sustainability of these institutions.
Phase III
This phase has introduced many more products and facilities in the banking sector in
its reforms measure. In 1991, under the chairmanship of M Narasimham, a committee
was set up by his name which worked for the liberalization of banking practices.
The country is flooded with foreign banks and their ATM stations. Efforts are being put
to give a satisfactory service to customers. Phone banking and net banking is
introduced. The entire system became more convenient and swift. Time is given more
importance than money.
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The financial system of India has shown a great deal of resilience. It is sheltered from
any crisis triggered by any external macroeconomics shock as other East Asian
Countries suffered. This is all due to a flexible exchange rate regime, the foreign
reserves are high, the capital account is not yet fully convertible, and banks and their
customers have limited foreign exchange exposure.
BANKS IN INDIA
In India the banks are being segregated in different groups. Each group has their own
benefits and limitations in operating in India. Each has their own dedicated target
market. Few of them only work in rural sector while others in both rural as well as
urban. Many even are only catering in cities. Some are of Indian origin and some are
foreign players.
All these details and many more is discussed over here. The banks and its relation with
the customers, their mode of operation, the names of banks under different groups and
other such useful information’s are talked about.
One more section has been taken note of is the upcoming foreign banks in India. The
RBI has shown certain interest to involve more of foreign banks than the existing one
recently. This step has paved a way for few more foreign banks to start business in
India.
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Foreign
Banks In
India
(26) (25) (29) (95)
❖ Nationalized ❖ Old Private
Bank Banks
❖ Other Public ❖ New Private
Sector Banks Banks
(IDBI)
❖ SBI And Its
Associates
Public sector banks are those banks which are owned by the Government. The Govt.
runs these Banks. In India 14 banks were nationalized in 1969 & in 1980 another 6
banks were also nationalized. Therefore in 1980 the number of nationalized bank 20.
At present there are total 26 Public Sector Banks in India (As on 26-09-2009). Of these
19 are nationalised banks, 6(STATE BANK OF INDORE ALSO MERGED
RECENTLY) belong to SBI & associates group and 1 bank (IDBI Bank) is classified
as other public sector bank. Welfare is their primary objective.
9|Page
Nationalised banks Other SBI & its Associates
Public
• Allahabad Bank
Sector • State Bank of India
• Andhra Bank
Banks
• Bank Of Baroda • State Bank of Hyderabad
• Bank Of India
IDBI
• Bank Of Maharastra • State Bank of Mysore
(Industrial
• Canara Bank
Development
• Central Bank Of India • State Bank of Patiala
Bank Of
• Corporation Bank
India)Ltd.
• Dena Bank • State Bank of Travancore
• Indian Bank
• Indian Overseas Bank • State Bank of Bikaner And
• Oriental Bank Of Jaipur
Commerce
• Punjab & Sind Bank
• Punjab National Bank
(State Bank of Saurastra merged with SBI in
• Syndicate Bank
the year 2008 and State Bank of Indore In
• UCO Bank
2010)
• Union Bank Of India
• United Bank Of India
• Vijaya Bank
These banks are owned and run by the private sector. Various banks in the country such as
ICICI Bank, HDFC Bank etc. An individual has control over there banks in preparation to the
share of the banks held by him.
Private banking in India was practiced since the beginning of banking system in India. The first
private bank in India to be set up in Private Sector Banks in India was IndusInd Bank. It is one
of the fastest growing Bank Private Sector Banks in India. IDBI ranks the tenth largest
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development bank in the world as Private Banks in India and has promoted world class
institutions in India.
The first Private Bank in India to receive an in principle approval from the Reserve Bank of
India was Housing Development Finance Corporation Limited, to set up a bank in the private
sector banks in India as part of the RBI's liberalization of the Indian Banking Industry. It was
incorporated in August 1994 as HDFC Bank Limited with registered office in Mumbai and
commenced operations as Scheduled Commercial Bank in January 1995. ING Vysya, yet
another Private Bank of India was incorporated in the year 1930
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Foreign Banks In India
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Cooperative banks in India
Rural banking in India started since the establishment of banking sector in India. Rural
Banks in those days mainly focussed upon the agro sector. Regional rural banks in India
penetrated every corner of the country and extended a helping hand in the growth
process of the country.
SBI has 30 Regional Rural Banks in India known as RRBs. The rural banks of SBI is
spread in 13 states extending from Kashmir to Karnataka and Himachal Pradesh to
North East. The total number of SBIs Regional Rural Banks in India branches is 2349
(16%). Till date in rural banking in India, there are 14,475 rural banks in the country of
which 2126 (91%) are located in remote rural areas.
Apart from SBI, there are other few banks which functions for the development of the
rural areas in India. Few of them are as follows.
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Haryana State Cooperative Apex Bank Limited
The Haryana State Cooperative Apex Bank Ltd. commonly called as HARCOBANK
plays a vital role in rural banking in the economy of Haryana State and has been
providing aids and financing farmers, rural artisans, agricultural labourers,
entrepreneurs, etc. in the state and giving service to its depositors.
NABARD
United Bank of India (UBI) also plays an important role in regional rural banks. It has
expanded its branch network in a big way to actively participate in the developmental
of the rural and semi-urban areas in conformity with the objectives of nationalisation.
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Syndicate Bank
Syndicate Bank was firmly rooted in rural India as rural banking and have a clear
vision of future India by understanding the grassroot realities. Its progress has been
abreast of the phase of progressive banking in India especially in rural banks.
The first Bank in Northern India to get ISO 9002 certification Punjab and
for their selected branches. Sind Bank
The first Indian Bank to have been started solely with Indian capital. Punjab
National Bank
The first among the Private Sector Banks in Kerala to become South Indian
Scheduled Bank in 1946 under the RBI act. Bank
India’s oldest,largest and the most successful commercial bank State Bank of
offering the widest possible rang of domestic,international and NRI India
products and services,through its vast network in India and overseas.
India’s second largest Private Sector Bank and is now the largest The Federal
scheduled commercial bank in India. Bank Limited
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Bank which started as Private Shareholders Banks,mostly European Imperial Bank
shareholders. of India
The first Indian Bank to open a branch outside India in London in 1946 Bank of India,
and the first to open a branch in continental Europe at Paris in 1974 founded in
1906 in
Mumbai.
The oldest Public Sector Bank in India having branches all over India Allahabad
and serving the customers for the last 132 years. Bank
The first Indian Commercial Bank which was wholly owned and Central Bank
managed by Indians. of India
The Indian banking market is growing at an astonishing rate, with Assets expected to
reach US$1 trillion by 2010. An expanding economy, middleclass, and technological
innovations are all contributing to this growth.
The country’s middle class accounts for over 320 million People. In correlation with
the growth of the economy, rising income levels, increased standard of living, and
affordability of banking products are promising factors for continued expansion.
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advantage of economies of scale and/or comply with Basel II regulation.“Indian
banking industry assets are expected to reach US$1 trillion by 2010 and are poised to
receive a greater infusion of foreign capital,” says Prathima Rajan, analyst in Celent's
banking group and author of the report. “The banking industry should focus on having
a small number of large players that can compete globally rather than having a large
number of fragmented players.
Chapter 2
COMPANY’S PROFILE
Type Private
BSE & NSE:ICICI,
NYSE: IBN
Industry
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Banking
Insurance
Capital Markets and allied
industries
K.V. Kamath,Chairman
Chanda Kochhar, Managing
Director & CEO
Key people Sandeep Bakhshi, Deputy
Managing Director
N.S. Kannan, Executive Director &
CFO
K. Ramkumar, Executive Director
Sonjoy Chatterjee, Executive
Director
Total assets
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▲ USD 120.61 billion (at March
31, 2009.)
Website www.icicibank.com
❖ History Of ICICI
1955: The Industrial Credit and Investment Corporation of India Limited (ICICI)
was incorporated at the initiative of World Bank, the Government of India and
representatives of Indian industry, with the objective of creating a development
financial institution for providing medium-term and long-term project financing to
Indian businesses. Mr.A.Ramaswami Mudaliar elected as the first Chairman of
ICICI Limited. ICICI emerges as the major source of foreign currency loans to
Indian industry. Besides funding from the World Bank and other multi-lateral
agencies, ICICI was also among the first Indian companies to raise funds from
international markets.
1956 : ICICI declared its first dividend of 3.5%.
1958 : Mr.G.L.Mehta appointed the second Chairman of ICICI Ltd.
1960 : ICICI building at 163, Backbay Reclamation, inaugurated.
1961 : The first West German loan of DM 5 million from Kredianstalt obtained.
1967 : ICICI made its first debenture issue for Rs.6 crore, which was
oversubscribed.
1969 : The first two regional offices in Calcutta and Madras set up.
1972 : The second entity in India to set up merchant banking services. : Mr. H. T.
Parekh appointed the third Chairman of ICICI.
1977 : ICICI sponsored the formation of Housing Development Finance
Corporation. Managed its first equity public issue.
1978 : Mr. James Raj appointed the fourth Chairman of ICICI.
1979 : Mr.Siddharth Mehta appointed the fifth Chairman of ICICI.
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1982 : 1982 : ICICI became the first ever Indian borrower to raise European
Currency Units. : ICICI commences leasing business.
1984 : Mr. S. Nadkarni appointed the sixth Chairman of ICICI.
1985 : Mr. N.Vaghul appointed the seventh Chairman and Managing Director of
ICICI.
1986 : ICICI became the first Indian institution to receive ADB Loans. : ICICI,
along with UTI, set up Credit Rating Information Services of India Limited, India's
first professional credit rating agency. : ICICI promotes Shipping Credit and
Investment Company of India Limited. : The Corporation made a public issue of
Swiss Franc 75 million in Switzerland, the first public issue by any Indian entity in
the Swiss Capital Market.
1987 : ICICI signed a loan agreement for Sterling Pound 10 million with
Commonwealth Development Corporation (CDC), the first loan by CDC for
financing projects in India.
1988 : Promoted TDICI - India's first venture capital company.
1993 : ICICI Securities and Finance Company Limited in joint venture with J. P.
Morgan set up. : ICICI Asset Management Company set up.
1994: ICICI established Banking Corporation as a banking subsidiary.formerly
Industrial Credit and Investment Corporation of India. Later, ICICI Banking
Corporation was renamed as 'ICICI Bank Limited'. ICICI founded a separate legal
entity, ICICI Bank, to undertake normal banking operations - taking deposits, credit
cards, car loans etc.
1996 : ICICI Ltd became the first company in the Indian financial sector to raise
GDR. : SCICI merged with ICICI Ltd. : Mr. K.V.Kamath appointed the Managing
Director and CEO of ICICI Ltd
1997 : ICICI Ltd was the first intermediary to move away from single prime rate to
three-tier prime rates structure and introduced yield-curve based pricing. : The
name The Industrial Credit and Investment Corporation of India Ltd changed to
ICICI Ltd. : ICICI Ltd announced the takeover of ITC Classic Finance.
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1998 : Introduced the new logo symbolizing a common corporate identity for the
ICICI Group. : ICICI announced takeover of Anagram Finance.
1999 : ICICI launched retail finance - car loans, house loans and loans for consumer
durables. : ICICI becomes the first Indian Company to list on the NYSE through an
issue of American Depositary Shares.
2000 : ICICI Bank became the first commercial bank from India to list its stock on
NYSE.
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 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.
2002 : 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. At the
same time, ICICI started its international expansion by opening representative
offices in New York and London. In India, ICICI Bank bought the Shimla and
Darjeeling branches that Standard Chartered Bank had inherited when it acquired
Grindlays Bank.
2003 : The first Integrated Currency Management Centre launched in Pune. ; ICICI
Bank announced the setting up of its first ever offshore branch in Singapore. ; The
first offshore banking unit (OBU) at Seepz Special Economic Zone, Mumbai,
launched. ; ICICI Bank’s representative office inaugurated in Dubai. ;
Representative office set up in China. : ICICI Bank’s UK subsidiary launched. ;
India’s first ever "Visa Mini Credit Card", a 43% smaller credit card in dimensions
launched. ; ICICI Bank subsidiary set up in Canada. ; Temasek Holdings acquired
5.2% stake in ICICI Bank. ; ICICI Bank became the market leader in retail credit
in India. In the UK it established an alliance with Lloyds TSB. It also opened an
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Offshore Banking Unit (OBU) in Singapore and representative offices in Dubai and
Shanghai.
2004 : Max Money, a home loan product that offers the dual benefit of higher
eligibility and affordability to a customer, introduced. : Mobile banking service in
India launched in association with Reliance Infocomm. : India’s first multi-branded
credit card with HPCL and Airtel launched. : Kisan Loan Card and innovative, low-
cost ATMs in rural India launched. : ICICI Bank and CNBC TV 18 announced
India’s first ever awards recognizing the achievements of SMEs, a pioneering
initiative to encourage the contribution of Small and Medium Enterprises to the
growth of Indian economy. : ICICI Bank opened its 500th branch in India. : ICICI
Bank introduced partnership model wherein ICICI Bank would forge an alliance
with existing micro finance institutions (MFIs). The MFI would undertake the
promotional role of identifying, training and promoting the micro-finance clients
and ICICI Bank would finance the clients directly on the recommendation of the
MFI. : ICICI Bank introduced 8-8 Banking wherein all the branches of the Bank
would remain open from 8a.m. to 8 p.m. from Monday to Saturday. : ICICI Bank
introduced the concept of floating rate for home loans in India. At the same time,
ICICI opened a representative office in Bangladesh to tap the extensive trade
between that country, India and South Africa.
2005 : First rural branch and ATM launched in Uttar Pradesh at Delpandarwa,
Hardoi. ; "Free for Life" credit cards launched wherein annual fees of all ICICI
Bank Credit Cards were waived off. ; ICICI Bank and Visa jointly launched mChq
– a revolutionary credit card on the mobile phone. ; Private Banking Masters 2005,
a nationwide Golf tournament for high networth clients of the private banking
division launched. This event is the largest domestic invitation amateur golf event
conducted in India. ; First Indian company to make a simultaneous equity offering
of $1.8 billion in India, the United States and Japan. ; ICICI acquired
Investitsionno-Kreditny Bank (IKB), a Russia bank with about US$4mn in assets,
head office in Balabanovo in the Kaluga region, and with a branch in Moscow.
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ICICI renamed the bank ICICI Bank Eurasia. Also, ICICI established a branch in
Dubai International Financial Centre and in Hong Kong.ICICI Bank became the
largest bank in India in terms of its market capitalization. ; ICICI Bank became the
first private entity in India to offer a discount to retail investors for its follow-up
offer.
2006 : ICICI Bank became the first Indian bank to issue hybrid Tier-1 perpetual
debt in the international markets. : ICICI Bank subsidiary set up in Russia. ;
Introduced a new product - ‘NRI smart save Deposits’ – a unique fixed deposit
scheme for nonresident Indians. : Representative offices opened in Thailand,
Indonesia and Malaysia. ; ICICI Bank UK opened a branch in Antwerp, in Belgium
; ICICI Bank became the largest retail player in the market to introduce a biometric
enabled smart card that allow banking transactions to be conducted on the field. A
low-cost solution, this became an effective delivery option for ICICI Bank’s micro
finance institution partners. ; Financial counseling centre Disha launched. Disha
provides free credit counseling, financial planning and debt management services.
; Bhoomi puja conducted for a regional hub in Hyderabad, Andhra Pradesh.
2007 : ICICI Bank‘s USD 2 billion 3-tranche international bond offering was the
largest bond offering by an Indian bank. ; ICICI amalgamated Sangli Bank, which
was headquartered in Sangli, in Maharashtra State, and which had 158 branches in
Maharashtra and another 31 in Karnataka State. Sangli Bank had been founded in
1916 and was particularly strong in rural areas. With respect to the international
sphere, ICICI also received permission from the government of Qatar to open a
branch in Doha. Also, ICICI Bank Eurasia opened a second branch, this time in St.
Petersburg. ; ICICI Bank raised Rs 20,000 crore (approx $5 billion) from both
domestic and international markets through a follow-on public offer. ; ICICI Bank’s
GBP 350 million international bond offering marked the inaugural deal in the
sterling market from an Indian issuer and also the largest deal in the sterling market
from Asia. ; Launched India’s first ever jewellery card in association with jewelry
major Gitanjali Group. ; ICICI Bank became the first bank in India to launch a
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premium credit card -- The Visa Signature Credit Card. ; Foundation stone laid for
a regional hub in Gandhinagar, Gujarat. ; Introduced SME Toolkit, an online
resource centre, to help small and medium enterprises start, finance and grow their
business. ; ICICI Bank signed a multi-tranche dual currency US$ 1.5 billion
syndication loan agreement in Singapore. ; ICICI Bank became the first private
bank in India to offer both floating and fixed rate on car loans, commercial vehicles
loans, construction equipment loans and professional equipment loans. ; In a first
of its kind, nation wide initiative to attract bright graduate students to pursue a
career in banking, ICICI Bank launched the "Probationary Officer Programme".
;Launched Bank@home services for all savings and current a/c customers residing
in India ; ICICI Bank Eurasia LLC inaugurated its first branch at St Petersburg,
Russia
2008 : ICICI Bank enters US The US Federal Reserve permitted ICICI to convert
its representative office in New York into a branch.; ICICI Bank enters Germany,
opens its first branch in Frankfurt ; ICICI Bank launched iMobile, a breakthrough
innovation in banking where practically all internet banking transactions can now
be simply done on mobile phones. ; ICICI Bank concluded India's largest ever
securitization transaction of a pool of retail loan assets aggregating to Rs. 48.96
billion (equivalent of USD 1.21 billion) in a multi-tranche issue backed by four
different asset categories. It is also the largest deal in Asia (ex-Japan) in 2008 till
date and the second largest deal in Asia (ex-Japan & Australia) since the beginning
of 2007. ; ICICI Bank launches ICICIACTIVE - Banking Interactive Service -
along with DISHTV, which will allow viewers to see information about the Bank's
products and services and contact details on their DISHTV screens. ; ICICI Bank
and British Airways launch co-branded credit card, which is designed to earn
accelerated reward points to the card holders with every British Airways flight or
by spending on everyday purchases.
24 | P a g e
his term on April 30, 2009 ; ICICI bank ties up with BSNL Cell One for bill
payments, it will facilitate bill payment for BSNL Cell One users through
www.icicibank.com across all the 27 circles of BSNL. ; ICICI Bank Limited acting
through its Hong Kong Branch (ICICI Bank) signed an agreement on Export Credit
Line totaling up to US$100 million with the Japan Bank for International
Cooperation (JBIC) which constitutes the international wing of Japan Finance
Corporation. ; ICICI Bank Limited acting through its Hong Kong Branch (ICICI
Bank) signed a loan agreement with the Export-Import Bank of China (China Exim)
for USD 98 million under the Two- step Buyer Credit (Export Credit) arrangement.
ICICI Bank is the first Indian Bank to have entered into this arrangement with China
Exim ; ICICI Bank with Singapore Airlines launched “ICICI Bank Singapore
Airlines Visa Platinum Credit Card”, the Card has exclusive privileges especially
designed for the members. ; ICICI Bank announced an association with mChek,
India’s leading mobile payment solutions provider, to facilitate mChek services to
all ICICI Bank Debit and Credit Card customers. These are electronic cards issued
to the customers with mChek application on their mobile phone. ; Ms Chanda
Kochhar took charge as the Managing Director & CEO of ICICI Bank from May 1,
2009.
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exchanges at Kolkata and Vadodara, Mumbai and the National Stock Exchange of India
Limited, and its ADRs on the New York Stock Exchange (NYSE). The Bank is
expanding in overseas markets and has the largest international balance sheet among
Indian banks. ICICI Bank now has wholly-owned subsidiaries, branches and
representatives offices in 18 countries, including an offshore unit in Mumbai. This
includes wholly owned subsidiaries in Canada, Russia and the UK (the subsidiary
through which the HiSAVE savings brand is operated), offshore banking units in
Bahrain and Singapore, an advisory branch in Dubai, branches in Belgium, Hong Kong
and Sri Lanka, and representative offices in Bangladesh, China, Malaysia, Indonesia,
South Africa, Thailand, the United Arab Emirates and USA. Overseas, the Bank is
targeting the NRI (Non-Resident Indian) population in particular.
ICICI reported a net profit of Rs. 3,758 crore (US$ 741 million) for FY2009. The
bank's Current and savings account (CASA) ratio increased to 28.7% at March 31, 2009
from 26.1% at March 31, 2008. Increase of Rs. 5,286 crore in CASA deposits in quarter
ended March 31,2009.
ICICI Bank is one of the Big Four Banks of India with State Bank of India, Axis Bank
and HDFC Bank
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❖ BUSINESS PROFILE
• Deposits
• Loans
• Cards
• Investments
• Insurance
• Demat Services
• Wealth Management
NRI Banking
• Money Transfer
• Bank Accounts
• Investments
• Property Solutions
• Insurance
• Loans
Business Banking
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Head Office
ICICI Bank
9th Floor, South Towers
ICICI Towers
Bandra Kurla Complex
Bandra (E)
Mumbai.
Phone: 91-022-653 7914
Website: www.icicibank.com
Capital structure
The Authorized Capital of ICICI Bank is 214.75 Crores. The Issued, Subscribed and Paid Up
Capital is divided into 1113250642 equity shares @ Rs.10/- each.
Board of Directors
❖ Board Members
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Mr. Anupam Puri
..................................................
Mr. M.S. Ramachandran
..................................................
Mr. M.K. Sharma
..................................................
Mr. V. Sridar
Prof. Marti G. Subrahmanyam
.........................................................
Mr. V. Prem Watsa
.........................................................
Ms. Chanda D. Kochhar,
Managing Director & CEO
.........................................................
Mr. Sandeep Bakhshi,
Deputy Managing Director
.........................................................
Mr. N. S. Kannan,
Executive Director & CFO
.........................................................
Mr. K. Ramkumar,
Executive Director
.........................................................
Mr. Sonjoy Chatterjee,
Executive Director
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❖ Board committee
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Mr. K. V. Kamath, Chairman Mr. M. K. Sharma, Chairman
Mr. Sridar Iyengar Mr. Narendra Murkumbi
Dr. Anup K. Pujari Mr. N. S. Kannan
Prof. Marti G. Subrahmanyam
Mr. V. Prem Watsa
Ms. Chanda D. Kochhar
Committee of Executive Directors
Ms. Chanda D. Kochhar, Chairperson
Mr. Sandeep BakhshiMr. N. S. Kannan
Mr. K. Ramkumar
Mr. Sonjoy Chatterjee
BUSINESS OBJECTIVE
❖ Vision
To be the leading provider of financial services in India and a major global bank.
❖ Mission
• We will leverage our people, technology, speed and financial capital to: be the
banker of first choice for our customers by delivering high quality, world-class
service.
• Expand the frontiers of our business globally.
• Play a proactive role in the full realisation of India’s potential.
• Maintain a healthy financial profile and diversify our earnings across businesses
and geographies.
• Maintain high standards of governance and ethics.
• Contribute positively to the various countries and markets in which we operate.
• Create value for our stakeholders.
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TECHNOLOGY Used In ICICI Bank
ICICI use many type of advance technological software like Pinnacle 7.0 and
Pinnacle7.016.Among from this software ICICI bank uses the e-banking, core banking,
mobile banking electronic display sy ICICI Bank was using Teradata for its data
warehouse. However, due to its proprietary hardware, the cost of procurement,
upgrades and administration was soaring. The closed box architecture of Teradata
imposed restrictions on scalability. Secondly, querying and loading could not happen
simultaneously. Queries could only be run during business hours because the loading
of data had to take place during off business hours. This meant that the refresh rate of
EDW was delayed, so queries may not reflect the most current data. ICICI Bank was
also dependent on Teradata for support and other activities: The bank was completely
tied down to that solution.
These issues compelled ICICI Bank to look for more efficient and flexible solutions.
The solution would have to address not only current issues, but accommodate future
growth expectations and business requirements. ICICI Bank evaluated numerous data
warehousing solutions in the pursuit of solving its issues, and developed a shortlist of
alternatives for its migration proof-of-concept: Sybase, SAS and Netezza. The primary
criteria for evaluation was the price-to-performance ratio where Sybase IQ emerged the
clear winner. During this rigorous testing, Sybase IQ delivered faster results on
independent hardware and operating systems with minimum infrastructure.
Commending the improvements achieved, Amit Sethi, Joint General Manager, ICICI
bank says, "What impressed us wasthat even with overall lower costs, we could achieve
significantly better query performanceafter implementing the Sybase enterprise
warehouse solution." ICICI Infotech today launched an enterprise resourceplanning
(ERP) solution for the small and medium enterprises.
The ERP package - Orion Advantage - comes bundled with an HP dual processor Xeon
server, Oracle 9i database, Windows 2003 server and costs about Rs 9.90 lakh and has
a 15-user license.
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An ERP package helps a manufacturer or any other business implementing it to manage
all the important parts in the company such as product planning, parts purchasing,
maintaining inventory and interacting with suppliers and customers.
ICICI Infotech officials told a press conference here today that Orion Advantage
offered a set of business practice solutions for industry segments such as engineering,
auto ancillary, pharmaceuticals, chemicals and IT distribution. Besides the cost
advantage, the ERP package also came pre-configured. ICICI Infotech had mapped the
processes specific to each industry segment into the package.
Mr. Manoj Kunkalienkar, Executive Director and President, ICICI Infotech, said that
smalland medium enterprises (SMEs) offered a good market and ICICI Infotech hoped
to become a leading solution provider to this segment.
Mr. R.K. Kanthi, Deputy General Manager, ICICI Infotech, said there was no ERP
packagefor the SMEs that bundled the server, database and operating system right now.
That was the advantage ICICI Infotech offered to SMEs as Orion Advantage came
bundled and preconfigured. Besides the high cost of generic ERP packages, their
implementation time as far as SMEs were concerned was also long. Orion Advantage
could be installed in 45 days.
ICICI Infotech had signed up six customers so far for the package and hoped to garner
a 15 per cent market share of the SME segment, whose number in the country was
estimated at 2.30 lakh.
Mr. K.S. Natarajan, Managing Director, Trident Pneumatics Pvt Ltd of Coimbatore,
one of the companies that had installed Orion Advantage, said that the company had
tried three other ERP packages, all of which had failed, before settling on Orion
Advantage.
Mr Kunkalienkar said that ICICI Infotech planned to move the two development
centers in Chennai into a single location and double the staff strength from 300 now in
the next two years.
The Chennai centers were involved in research and development of Orion ERP
solutions and Premia, an insurance package.
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We can see that the how technology gives the best results in the below diagram. There
are drastically changes seen in the use of Internet banking, in a year 2001 (2%) and in
the year 2008 (25%).
These type of technology gives the freedom to retail customers.
The country’s middle class accounts for over 320 million people. In correlation with
thegrowth of the economy, rising income levels, increased standard of living, and
affordability of banking products are promising factors for continued expansion.
❖ PERSONAL BANKING
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• Credit card • Equity And
• 2- wheeler loan Derivatives
• Commercial • Mudra Gold Bar
vehicles finance
• Home loans
• Retail business
banking
• Tractor loan
• Working capital
finance
• Construction
• Equipment finance
• Health care finance
• Education loan
• Gold loan
Cards Payment Services Access To Bank
• Credit Card • Net Safe • Net Banking
• Debit Card • Merchant • One View
• Prepaid Card • Prepaid Refill • InstaAlert Mobile
• Bill Pay Banking
-------------------------------- • Visa Bill Pay • ATM
Forex services • InstaPay • Phone Banking
-------------------------------- • Direct Pay • Email Statements
• Product And • VisaMoney • Branch Network
Services Transfers
• Trade Services • E-Monies
• Forex Service Electronic Funds
Branch Locater Transfer
• RBI Guidelines • Online Payment
Of Direct Tax
❖ WHOLESALE BANKING
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Corporate Small and Medium Financial Institutions and
Enterprises Trusts
Financial Institutions
Mutual Funds
Stock Brockers
Insurance Companies
Commodities Business
Trusts
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❖ NRI SERVICES
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• DirectPay • ATM
• VisaMoney • Phone Banking
• Online Donation • Email Statements
• Branch Networks
❖ PRODUCTS
ICICI Bank offers wide variety of Deposit Products to suit your requirements. Coupled
with convenience of networked branches/ ATMs and facility of E-channels like Internet
and Mobile Banking, ICICI Bank brings banking at your doorstep. Select any of its
deposit products and provide your details online and their representative will contact
you for Account Opening.
SAVING ACCOUNTS
The Special Savings Account has been designed keeping in mind the specific needs of
organizations such as Trusts, Associations, Societies, Councils, Clubs etc. It provides
organizations solutions with added value and is ideal for tax exempted entities.
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• Special senior citizens desk to cater to all banking transactions, so that you don’t
wait in queues.
• Higher interest rate on FD/RD:avail the combined benefits of safety,felexibility
and attractive returns with ICICI Bank Fixed Deposit and Recurring Deposit.
• Free special senior citizen LIFE PLUS debit card.
• Money multiplies facility.
• Extended banking hours allows you to visit our branches,as per your convenience.
• Anywhere banking access to various services,ICICI Bank has to offer –
anytime,anywhere and from any place,including branches,ATMs and phone
banking.
• Nomination facility available.
• Quarterly average balance(QAB) requirement of Rs.5000.
• Quarterly physical statements are delivered to your doorstep to absolutely free of
cost.
• Passbook on request.
Once you are done with your 'banking', you can access your child's account with all the fun
links to special zones designed to suit your child's area of interests and also impart knowledge
on the current events of the world.
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Advantage woman savings account
Current Accounts:
Every business requires efficient banking facilities to support its business activities. ICICI Bank
offers premium quality service, unfolding a wide array of class products. With technology
leadership and service the bank is able to meet some of the most challenging financial needs
of clients.A Current Account is one that is required by B usi ne ss ma n, J oi nt stoc k
compa nies, Inst it uti ons, P ubl ic a ut horit ies, publi c c orpora ti ons et c. Any
busi ness t hat has numer ous ba nki ng tra na cti ons nee d a c urre nt a c c ount a s it
Only Roaming Current Account from ICICI Bank travels the distance with customers
business. With advanced technological features such as MCC and LCC, banking needs
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are well taken care of, customers can access their accounts at over 500 networked
branches across the country. So while customers take care of their business, ICICI Bank’s
Roaming Current Account simplifies banking for them.
Salary Accounts
Salary Account is a feature rich corporate payroll account with benefits for both corporates and
its employees.
ICICI Bank Salary Account is a benefit-rich payroll account for Employers and Employees.As
an organization, you can opt for our Salary Accounts to enable easy disbursements of salaries
and enjoy numerous other benefits too.With ICICI Bank Salary Accounts your employees will
enjoy the convenience of :
All that the organization would require to do is to send ICICI Bank an advice (in form of a
cheque/debit instruction, ecs, etc) for the total salary amount along with the salary details of the
designated employees in a soft and hard copy format and we will credit the respective
employees' accounts as per your statement of advice.ICICI Bank Salary Accounts benefits you
in more than one ways:-
• Reduces paperwork.
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Employees receive instant credit of salaries. More convenient than ECS. Besides all of the
above, employees automatically become ICICI Bank account holders with special benefits and
privileges of 8-8 banking, Investment advisory and much more...
Fixed deposits:
Recurring Deposits:
Recurring deposits aims to encourage savings without putting any stress on customers finances
by making them to put a lump sum amount in fixed deposit in one go.The recurring deposit also
attracts high rate of return that are identical to the fixed deposit rates and most importantly no
TDS is applicable in it .the minimum balance of deposit is of Rs.500 and thereafter in multiples
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of Rs.100 the minimum period is 6 months and thereafter in multiples of 3 months,nomination
facility is also available.
Security Deposits:
ICICI Bank’s Tax-Saver Fixed Deposit enables you to save tax and earn high returns. A dual
benefit option structured to maximise your advantage. ICICI Bank’s Tax Saver FD is the perfect
solution for your investment needs.
EEFC Account
Indian exports have surged over the last decade owing to an unprecedented boom in sectors like
software, biotechnology, gems, jewellery, textiles etc. As a result of this, the volume of inward
remittances has also increased significantly. To shield the firms engaged in regular export and
import from the exchange rate fluctuations RBI has allowed parking of foreign currency by
exporters in an account designated as Exchange Earners Foreign Currency Account (EEFC).
EEFC accounts are Current Accounts held in foreign currency with authorized dealers of
foreign exchange in the country.
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The Reserve Bank of India has now made it easier for you to access foreign currency by
permitting a foreign currency account (domestic) for resident Indians. In line with RBI
guidelines, ICICI Bank has come up with a scheme that helps you get rid of all your forex
worries. You can park your foreign currency in ICICI Bank under RFC (D) account. Non-
interest bearing Resident Foreign Currency (D) (RFC (D)) with ICICI Bank can be maintained
in four major currencies (USD, EURO, GBP and Japanese Yen)
PRIVILEGE BANKING:
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• Free physical monthly account statement.
• Complete waiver on DD/PO charges.
• Preferential rates for gol coins,deposit lockers and foreign exchange.
• Quarterly average balance (QAB)requirement of Rs.75000 and Total
Relationship Value(TRV)of Rs. 5,00,000.
Family banking:
Outward Remittance:
ICICI Bank offers you a simple way to send money outside India. Our Outward Remittance
facilities make remitting money abroad quick, and reliable. ICICI Bank’s Outward Remittance
is the solution for your all your needs. Be it money for education, gift money or maintenance
for loved ones or donation for a cause. Our extensive network gives us reach to most parts of
the world.
Advantage Deposit
Advantage Deposit is a combination of fixed deposit and mutual fund investment, offering you
the safety of a fixed deposit and the returns of an equity fund. Advantage Deposit counters
equity-market fluctuations through Systematic Investment Plans.
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• Re-investment of monthly interest payout of Fixed Deposit into systematic investment
plan of Mutual Fund.
• Automatic debits to account through Standing Instruction / ECS debit mandate.
ICICI Bank with 49 branches is a Point of Presence (POP) for the NEW PENSION SYSTEM
launched on May 1, 2009 by the Government of India. The scheme, promoted by the PFRDA
(Pension Fund Regulatory and Development Authority, Government of India), is a first of its
kind in India and is being launched pan-India by 22 other POP's as well.
The purpose of this pension scheme is to promote security of income to its subscribers in their
old age. The scheme will empower a subscriber to plan his own retirement and pension. It not
only will help him save for life after retirement but also is a good investment tool as the returns
are market-driven. For optimum returns, the Government has appointed six fund managers for
subscribers to choose from.
❖ LOANS
HOME LOAN
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PERSONAL LOANS
ICICI Bank Personal Loans are easy to get and absolutely hassle
free. With
minimum documentation you can now secure a loan for an amount
up to Rs.
15 lakhs.
CAR LOAN
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• Range of services on existing loans & extended products like funding of new vehicles,
refinance on used vehicles, balance transfer on high cost loans, top up on existing loans,
Xtend product, working capital loans & other banking products..
• Preferred financier status with most of the leading manufacturers.
• Simple documentation.
• Quick turn around time.
• Flexible financing solutions to meet the individual requirement.
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• CONSTRUCTION EQUIPMENT LOAN
Having funded infrastructure for over 4 decades, ICICI understands
the need of the customers better. ICICI Bank offers attractive
financial packages through their excellent distribution network. The
products are customised for new entrepreneur to large business
houses. ICICI has tie-up with leading construction equipment manufacturers for wide range
of products. The Bank take over existing high cost loans at competitive terms resulting in
huge savings and is quick in processing due to easy formalities and one time sanction of
loans for disbursement over a period of time.
Professional doctors are aware of the distinct advantages that the latest medical equipment
can give their patients. ICICI Bank Medical Equipment Loans supports professionals in
their effort to give the best to their patients. It's our humble way of being involved in a
noble profession.
Loans are offered for:
• Doorstep Service.
• Funding in more than 150 locations across the country.
• The bank provides Competitive interest rates.
• ICICI also offers flexible repayment structure.
All customers have to do is pledge your securities in favour of ICICI Bank The Bank will then
grant them an overdraft facility upto a value determined on the basis of the securities pledged
by them. A current account will be opened and customer can withdraw money as and when
they require. Interest will be charged only on the amount withdrawn and for the time span
utilised.
ICICI offer loans against:
• Demat Shares
• RBI Relief Bonds
• Mutual Funds Units
• India Millennium Deposits (IMDs)
• ICICI Bank Bonds
• Life Insurance Policies (Single Premium)
CREDIT CARDS:
ICICI Bank Credit Cards give you the facility of cash, convenience
and a range of benefits, anywhere in the world. These benefits
range from life timefree cards, Insurance benefits, global
emergency assistance service,discounts, utility payments, travel
discounts and much more.
DEBIT CARDS:
TRAVEL CARD:
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Presenting ICICI Bank Travel Card. The Hassle Free way to
Travel the world. Traveling with US Dollar, Euro, Pound Sterling
or Swiss Francs; Looking for security and convenience; take ICICI
Bank Travel Card. Issued in duplicate. Offers the Pin based
security. Has the convenience of usage of Credit or Debit card.
❖ INVESTMENTS
ICICI Bank cares about all
needs. Along with Deposit
products and Loan offerings,
ICICI Bank assists people to
manage their finances by providing various investment options ranging from ICICI Bank
Tax Saving Bonds to Equity Investments through Initial Public Offers and Investment in
Pure Gold. ICICI Bank facilitates following investment products:
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Customers can invest in above products through any of ICICI bank branches. For select
products ICICI Bank also provides the ease of investing through electronic channels like ATMs
and Internet (ICICIdirect.com)
❖ All ICICI Bank Bonds have been rated "AAA" by CARE and "LAAA" by ICRA
indicating the highest degree of safety for your money.
❖ Investment in ICICI Bank Bonds are eligible for tax rebate under Sec 88 to the full
extent possible.
❖ Bonds are listed on BSE, NSE.
GOI BONDS
Mutual Funds
Mutual Funds pool money of various investors to purchase a wide variety of securities while
pursuing a specific goal. Selection of Securities for the purpose is done by specialists from the
field. Returns generated are distributed to the Investors.
Mutual Fund Companies offer various schemes. Investors can choose any particular
Fund/Scheme or mix of Funds/Schemes depending upon their perception towards risk.
Investment is done on the basis of prevailing Net Asset Values of various schemes. Mutual
Funds Investments are subject to Market Risks.
ICICI Bank helps investor determine which types of funds you need to meet your investment
goals. This may include the following types of funds:
Debt: Liquid schemes, Income schemes, G-sec schemes, Monthly Income Schemes
etc.
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Equity: Diversified Equity Schemes, Sector Schemes, Index Schemes etc.
Through ICICI Bank investor can invest in various schemes of multiple mutual funds with
decent performance record. investor can take the aid of ICICI Bank’s various research reports
on mutual funds and their schemes before choosing a scheme for investment. ICICI Bank offers
investment in Mutual Funds through Multiple Channels. With ICICI Bank, investor can invest
in Mutual Funds through following channels.
• ICICI Bank Branches
• ICICI Bank ATM’S
• ICICIdirect.com
• Before being deputed, our officers complete a comprehensive training program and,
once deputed, they receive thorough instructions in financial planning skills and
techniques
• Throughout their careers officers also attend programs to update their skills. All
officers in charge of Mutual Funds are certified professionals by AMFI (Association
of Mutual Funds in India)
• Many of these officers also hold professional degrees like - MBA, CA, ICWA, and
CFA etc.
ICICI keeps the investors updated on the latest happenings in the Mutual Fund industry and the
various financial markets through regular electronic updates (daily & weekly) through Emails.
ICICI also send out a monthly magazine on investments to their customers.
Investor can invest in IPOs online through www.icicidirect.com with same convenience of
investing in equities - hassle-free and with zero paper work. Also, get in-depth analyses of new
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IPOs issues (Initial Public Offerings) which are about to hit the market. IPO calendar, recent
IPO listings, prospectus/offer documents and live prices will help you keep on top of the IPO
markets.
Gold has been traditionally the most favored form of investment for Indians. In fact, India,
even today is amongst the highest consumers of Gold in the world. However, the Gold market
remains largely unorganized with reliability and convenience remaining the key issues for
gold buyers in the country.ICICI Bank with its `Pure Gold' offer attempts to bridge the gap
between the need of the customers for buying gold and availability of an organized avenue to
satisfy that need, by taking care of the two key components:-
Reliability 24 Carat ICICI Bank Pure Gold is imported from Switzerland. This Gold carries a
99.99% Assay Certification, signifying highest level of purity, as per international standards.
Convenience
ICICI Bank Pure Gold is competitively priced based on daily prices in the international bullion
market. Currently, gold is available in 2.5g, 5g, 8g, 20g and 50g categories.
PRIVATE BANKING
Benefits:
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-International Debit and Credit cards
-And many more....
Competitive Pricing
-Value-linked benefits
❖ SERVICES
INVESTMENT SERVICES
• DematServices
A Demat Account allows employees transact in shares instantaneously in a safe and
secure manner.
• ReliefBonds/MutualFunds/Insurance
Salary Account customers can now invest in Government of India relief and savings
bonds, a basket of mutual funds, foreign exchange facilities and Insurance products
through ICICI Bank.
• GoldCoin
Employees can buy 24 karats Pure Gold, which ICICI Bank brings to you. Each coin
comes to you straight from Switzerland. Refined to 99.99% fine gold and sealed with
a unique Certificate of Authencity- guaranteeing you its purity.
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FOREX SERVICES
ICICI Bank's Foreign Exchange Services will help you organize your foreign exchange in the
most hassle free manner. Whether its Foreign Currency, Travelers Cheques or Travel Card,
ICICI Bank Foreign Exchange Services is a one-stop solution to your foreign exchange
requirement.
NRI SERVICES
Wherever people may be, in India or abroad, ICICI Bank has created a wide range of products
and services that provide customers complete financial solutions. Helping them to make the
right decisions at the right time and can be rest assured that they are in the safe and trustworthy
hands of ICICI bank.
Deposit Products:
2 . NRO Account: The Non-Resident Ordinary Account (NRO Account) allows customers to
hold the money they have earned in India such as rent, dividends, pensions etc. They can open
the account and can fund it in any permissible currency and is later converted into Indian
Rupees. NRO account offers attractive exchange rates upon conversion of foreign currency into
Indian Rupees. This account to offers high returns and liquidity. However, the interest earned
on the principal amount in the account can be sent back after the deductions of tax in India.
3. FCNR Account:A Foreign Currency Non Resident Account (FCNR Account) allows
customers to maintain funds as Term Deposits in various foreign currencies, thereby guarding
customers against fluctuating exchange rates. Under this account both the principal amount and
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the interest can be sent back fully, and are taxable in India. The tenures range from 12 to 36
month
Advisory Services
Private Equity Placement
ICICI Bank's Small Enterprises Group's (SEG) Investment Banking team is dedicated to
provide you niche and exclusive investment banking services.
• Capital Raising
At times for a growing company, the amount of capital that a promoter can infuse in
the business becomes limited. Businesses can be self sufficient for capital needs in
their nascent and initial growth phases. However to meet expansion and growth plans,
external capital is imperative. We at ICICI Bank, with our lending experience, fully
understand this and help clients raise equity to fund growth. We have developed a
strong network of domestic and international investors who are keen to partner with
such success stories in India and these players solicit our advice for investing into
such companies. .
• Buy And Sell Side Advisory
Inorganically adding growth to a business or hiving off non-core activities or
opportunity to realize right value for the business created or an instance of taking a
company on a bigger scale are the ways to strategize today. We at ICICI Bank
provide assistance on both buy side and sell side transaction. With a large client
franchise built, more than 10,000 asset clients and international linkages in developed
economies, ICICI Bank can bring in the best synergy partner to conclude a sell side
or buy side advisory assignment.
• Special Situation Solutions
Backed by institutional legacy, in-depth understanding and linkages with key
stakeholders in the process of turnaround, ICICI Bank's Investment Banking team can
design solutions for special situations like CDR, BIFR, OTS, etc. Count on us to turn
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around the capital structure of your company and bring in additional capital for
growth.
Online Services
ICICI Bank provides a variety of online services.now these is no need of walking up to the bank
branch, every time you need to do your banking. As you can do a lot of it online. From paying
your bills to transferring funds, booking your rail/air tickets, shopping, sending a money order
and doing lots more.
For the third year in a row ICICI Bank has won The Asset Triple A Country Awards for Best Domestic Bank in
India.
ICICI Bank won the Most Admired Knowledge Enterprises (MAKE) India 2009 Award. ICICI Bank won the
first place in "Maximizing Enterprise Intellectual Capital" category, October 28, 2009.
Ms Chanda Kochhar, MD and CEO was awarded with the Indian Business Women Leadership Award at NDTV
Profit Business Leadership Awards , October 26, 2009.
ICICI Bank received two awards in CNBC Awaaz Consumer Awards; one for the most preferred auto loan and
the other for most preferred credit Card, on September 30, 2009.
Ms. Chanda Kochhar, Managing Director & CEO ranked in the top 20 of the World's 100 Most Powerful Women
list compiled by Forbes, August 2009.
Financial Express at its FE India's Best Banks Awards, honoured Mr. K.V. Kamath, Chairman with the Lifetime
Achievement Award , July 25, 2009.
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ICICI Bank won Asset Triple A Investment Awards for the Best Derivative House, India. In addition ICICI
Bank were Highly commended , Local Currency Structured product, India for 1.5 year ADR GDR linked Range
Accrual Note., July 2009.
ICICI bank won in three categories at World finance Banking awards on June 16, 2009
• Best NRI Services bank
• Excellence in Private Banking, APAC Region
• Excellence in Remittance Business, APAC Region.
ICICI Bank Mobile Banking was adjudged "Best Bank Award for Initiatives in Mobile Payments and Banking"
by IDRBT, on May 18, 2009 in Hyderabad.
ICICI Bank's b2 branchfree banking was adjudged "Best E-Banking Project Implementation Award 2008" by
The Asian Banker, on May 11, 2009 at the China World Hotel in Beijing.
ICICI Bank bags the “Best bank in SME financing (Private Sector)” at the Dun & Bradstreet Banking awards
2009.
ICICI Bank NRI services wins the “Excellence in Business Model Innovation Award” in the eighth Asian Banker
Excellence in Retail Financial Services Awards Programme.
ICICI Bank's Rural Micro Banking and Agri-Business Group wins WOW Event & Experiential Marketing
Award in two categories - “Rural Marketing programme of the year” and “Small Budget On Ground Promotion
of the Year”. These awards were given for Cattle Loan 'Kamdhenu Campaign' and 'Talkies on the move
campaign' respectively.
ICICI Bank's Germany Branch has been certified by “Stiftung Warrentest”. ICICI Bank is ranked 2nd amongst
57 savings products across 19 banks
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ICICI Bank Germany won the yearly banking test of the investor magazine €uro in the “call money”category.
The ICICI Bank was awarded the runner's up position in Gartner Business Intelligence and Excellence Award
for Asia Pacific for its Business Intelligence functions.
ICICI Bank's Organisational Excellence Group was recently awarded ISO 9001:2008 certification by TUV
Nord. The scope of certification comprised processes around consulting and capability building on methods of
quality & improvements.
ICICI Bank has been awarded the following titles under The Asset Triple A Country Awards for 2009:
• Best Transaction Bank in India
• Best Trade Finance Bank in India
• Best Cash Management Bank in India
• Best Domestic Custodian in India
ICICI Bank has bagged the Best Cash Management Bank in India award for the second year in a row. The other
awards have been bagged for the third year in a row.
ICICI Bank Canada received the prestigious Canadian Helen Keller Award at the Canadian Helen Keller Centre's
Fifth Annual Luncheon in Toronto. The award was given to ICICI Bank its long-standing support to this unique
training centre for people who are deaf-blind.
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CHAPTER 2
RESEARCH METHODLOGY
INTRODUCTION
Research in common parlance refers to a search for knowledge. One can also define
research as a scientific and systematic search for pertinent information on a specific
topic. In fact, research is an art of scientific investigation. “Research is a systematized
effort to gain new knowledge”
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➢ To study about the effectiveness & efficiency of ICICI Bank in relation to its
competitors.
➢ To study about whether people are satisfied with ICICI Bank Services &
Management System or not.
Type of Research:-
Data Collection:
Primary Data: Data is collected primarily through personal contact, meeting,
interview and questionnaire with the concerned authority of the ICICI Bank and
respondents.
Secondary Data:
Secondary data was collected by gathering information from concerned personnel at
these firms and the rest was collected from the various journals and websites.
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• The study is also useful to the bank to formulate a systematic structure for providing
facilities to the customers.
• It informs customers about banks progressive attitude towards customers.
• Understand the overall performance and progress of the bank.
• The study also relates To Customer Satisfaction and Its Related Factors. The factors
studied are:
➢ Service provided by the bank.
➢ The Image or Personality of the Bank.
➢ Convenience Provided To The Customers.
➢ Pricing policies of the bank.
➢ Maintenance Of Relationship With The Customers
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FINDINGS
From the details of the study, we can enumerate the observation of the project report i.
e.-customers satisfaction towards the ICICI Bank, Jaipur in the form of finding as
below.
1. It was found from the study that bank believes in quality service rather than quantity
of service.
2. The officials employed are very much enthusiastic about their job.
3. The officials try to make best relation with the customers.
4. There is separate counter for NRI services.
5. The registers and files are maintained on a daily basis.
6. The registers are maintained in a well organized manner.
7. The marketing strategy of the bank is very attractive.
8. The bank always tries to attract customers with innovative offers.
9. Both the bank investment deposit ratio is on the declining trend
10. Both the banks has shown better utilization of cash portfolio
11. ICICI bank Interest expenses to interest earned remains the same Over 2 Years
whereas SBI shows reduction.
12. Other Income ratio remains fluctuation in both the banks.
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CHAPTER 3
LITERTAURE REVIEW
Objectives of ICICI
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Encourage market forces, through competition, to achieve higher
operating standards;
Promote a fair and cordial relationship between you and your bank;
To Help You To Understand How Our Financial Products And Services Work By:
Giving you information about them in any one or more of the following
languages: Hindi, English or the appropriate local language.
Ensuring that our advertising and promotional literature is clear and not
misleading
Ensuring that you are given clear information about our products and services,
the terms and conditions and the interest rates/service charges, which apply to
them.
Giving you information on what are the benefits to you, how you can avail of
the benefits, what are their financial implications and whom you can contact for
addressing you queries.
To Help You Use Your Account Or Service By:
Providing you regular appropriate updates.
Keeping you informed about changes in the interest rates, charges or terms and
conditions.
Information
You can get information on interest rates, common fees and charges through any one
of the following:
give you clear information explaining the key features of the services and
products you tell us you are interested in;
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give you information on any type of products and services which we offer and
that may suit your needs;
tell you if we offer products and services in more than one way [for example,
through
ATMs, on the Internet, over the phone, in branches and so on] and tell you how
to find out more about them;
tell you what information we need from you to prove your identity and address,
for us to comply with legal, regulatory and internal policy requirements
We will make sure that all advertising and promotional material is clear, and
not misleading.
In any advertising in any media and promotional literature that draws attention
to banking service or product and includes a reference to an interest rate, we
will also indicate whether other fees and charges will apply and that full details
of the relevant terms and conditions are available on request.
If we avail of the services of third parties for providing support services, we will
require that such third parties handle your personal information (if any available
to such third parties) with the same degree of confidentiality and securityas we
would.
We have prescribed a code of conduct for our Direct Selling Agencies (DSAs)
whose services we may avail to market our products/ services which amongst
other matters requires them to identify themselves when they approach you for
selling our products personally or through phone.
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In the event of receipt of any complaint from you that our representative/courier
or DSA has engaged in any improper conduct or acted in violation of this Code,
we shall take appropriate steps to investigate and to handle the complaint and to
make good the loss.
CHAPTER 4
Data Analysis & Interpretation
56% 28
19-28
18% 9
29-38
12% 6
39-48
12% 6
49-58
0% 0
59-68
2% 1
69-78
100% 50
total
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Percentage Of Respondent
19 – 28 29 – 38 39 – 48 49 – 58 59 – 68 69 – 78
0% 2%
12%
12%
56%
18%
74% 37
MALE
26% 13
FEMALE
Total 100% 50
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PERCENTAGE OF RESPONDENTS
26%
74%
10% 5
STUDENTS
EMPLOYEES 75% 38
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15% 7
RETIRED PERSONS
100% 50
Total
PERCENTAGE OF RESPONDENTS
STUDENTS EMPLOYEES RETIRED PERSONS
10%
15%
75%
SAVING 40% 20
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IMPOSITION OF A BURDEN 10% 5
OF EXPENSES
20% 10
OTHERS
100% 50
Total
20%
30%
10%
40%
Conclusion:- In this pie chart, we have seen that saving option is selected.
TABLE
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CUSTOMERS WITH ICICI BANK PERCENTAGES Respondents
A/C
CURRENT 25% 13
SAVING 50% 25
LOAN 20% 10
OTHERS 5% 2
Total 100% 50
5%
25%
20% CURRENT
SAVING
LOAN
OTHERS
50%
Conclusion:-As the above graph shows that most of the customers i.e. 50%
having saving account in ICICI Bank & 25% customers having current account,
20% loan account & 5% having other account in ICICI bank.
TABLE
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ATTRIBUTES COMPELLED BY PERCENTAGES Respondents
ATM 37% 19
CHEQUE BOOK
17% 9
Total 100% 50
10%
ATM
37%
21% CHEQUE BOOK
Internet Banking
working Hour
Value added Services
15%
17%
Conclusion:-As with above analysis, it is found that 37% customers give more
preference to ATM facilities provided by bank at the time of opening a saving account
in a bank and rest of the 63% customers give preference to working hours, Cheque
book, Internet banking & value added services.
Chart-7Customers having Bank Account With ICICI Bank From how many years
TABLE
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CUSTOMERS HAVING BANK A/C PERCENTAGES Respondents
WITH ICICI BANK FROM HOW
MANY YEARS
total 100% 50
10%
20%
70%
Conclusion:-
As with above analysis, it is found that most of the customers having bank account in
ICICI bank since last 1 to 5 years.
TABLE
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REASON FOR PREFERENCE OF PERCENTAGES Respondents
ICICI BANK
Total 100% 50
ICICI BANK
Support To
Customer
30%
Quality &
Services
50%
Quick
Transaction
20%
Conclusion:-As with above analysis, it is found that most of the customers prefer the
ICICI bank because of it’s better quality & services and 30% customer prefer for quick
transaction and 20% customers prefer for more support to customers.
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TABLE
ADVERTISEMENT 36% 18
OTHERS 14% 14
TOTAL 100% 50
Awareness
Others
14%
Adtiesment
Selling agent 36%
21%
Conclusion:-The above chart shows that 36% customers know about the services
provided by the bank through advertisement and 29% customers through friends &
relatives, 21% customers through selling agent and 14% customers through other
sources.
TABLE
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PEOPLE THINK ABOUT BANK PERCENTAGES RESPONDENTS
SECURITY 49% 24
SAVING 33% 16
IMPOSITION OF A BURDEN OF 7% 4
EXPENSES
OTHERS 11% 6
TOTAL 100% 50
11%
7%
49%
33%
TABLE
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CUSTOMERS USING SERVICES PERCENTAGES Respondents
OFFERED BY THEIR BANK
YES 60% 30
NO 30% 15
Total 100% 50
10%
30%
60%
Conclusion:-With the above analysis, it is found that 60% customers feel suitability
with the processing of loan and 30% customers feel unsuitability & 10% can’t say about
this.
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TABLE
YES 70% 35
NO 30% 15
Total 100% 50
NO
30%
YES
70%
Conclusion:-The above chart shows that 50% customers says that processing charges
of loan are medium and 30% customers says that processing charges of loan are high
& 20% customers says low.
TABLE
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TYPE OF LOAN PREFERRED BY PERCENTAGES Respondents
HOUSING LOAN
PERSONAL
CAR LOAN
8%
EDUCATION
20%
2%
70%
Conclusion:-The above chart shows that 70% customers prefer housing loan and 20%
customers prefer car loan, 8% customers prefer education loan and 2% customers prefer
personal loan.
TABLE
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CUSTOMERS OPINION ABOUT PERCENTAGES Respondents
THE INTEREST RATE CAHRGED
ON LAON BY THE ICICI BANK
HIGH 30% 15
LOW 30% 15
AVERAGE 40% 20
Total 100% 50
HIGH LOW
30% 30%
AVERAGE
40%
Conclusion:-The above chart shows that 40% customers say that interest rate charged
on loan by ICICI bank is average and 30% customers say high, 30% customers say low
with compare to another banks.
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YES 30% 15
NO 70% 35
Total 100% 50
internet banking
Yes
30%
No
70%
Conclusion:-As with above analysis, it is found that most of the customers doesn’t use
internet banking services due to lack of awareness, connectivity problems & more
complexity and only 30% customers using internet banking services of ICICI bank.
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SERVICES(REASONS FOR NOT PERCENTAGES Respondents
USING)
Total 100% 50
Services
LACK OF AWARENESS
CONNECTIVITY PROBLEM
MORE COMPLEX
25%
40%
35%
Conclusion:-As with above analysis, it is found that those customers who doesn’t use
internet banking services most of them doesn’t know about internet banking services
and 35% doesn’t use due to connectivity problem & 25% customers doesn’t use internet
banking services due to more complexity.
Chart-17Customer opinion towards the financial services provided by the ICICI
Bank
TABLE
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SERVICES PROVIDED BY ICICI
BANK
EXCELLENT 20% 10
GOOD 40% 20
AVERAGE 10% 5
Total 100% 50
EXCELLENT
VERY GOOD
GOOD
AVERAGE
10%
20%
40%
30%
Conclusion:-The above chart shows that 40% customers give good to the financial
services provided by the ICICI bank and 30% customers give very good, 20%
customers give excellent & 10% customers give average to the financial services
provided by the ICICI bank.
TABLE
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CUSTOMERS SATISFACTION PERCENTAGES Respondents
SATISFACTION 34% 17
MODERATE 20% 10
DISSATISFACTION 26% 13
EXTREMELY DISSATISFACTION 8% 4
Total 100% 50
Extremely
Dissatisfaction Satisfaction Extremely
8%
Satisfaction
12%
Dissatisfaction
26%
Satisfaction
34%
Moderate
20%
Conclusion:-As with above analysis, it is found that 34% customers are satisfied with
the services provided by the ICICI bank and 12% customers are extremely satisfied,
20% customers at moderate level, 20% customers are dissatisfied and 8% customers
are extremely dissatisfied with the services provided by the ICICI bank.
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TABLE
PROCESSING CHARGES OF PERCENTAGES Respondents
LOAN
HIGH 25% 12
LOW 20% 10
MEDIUM 55% 28
Total 100% 50
Low
High 20%
25%
Medium
55%
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CHART20The process of loan is suitable to you
TABLE
YES 70% 35
NO 30% 15
Total 100% 50
No
30%
Yes
70%
CHAPTER 5
CONCLUSION
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Thus, ICICI has been able to use technology to provide value-added service to its
customers during the last few years. For ICICI, technology is an integral part of their
business. However, their overall progress could have been smoother but for certain
internal and extraneous factors and also a pressure on spread due to a competitive
market (Annual report, 2010 –11). E-banking has become a necessary survival weapon
and is fundamentally changing the banking industry worldwide. Today, the click of the
mouse offers customers banking services at a much lower cost and also empowers them
with unprecedented freedom in choosing vendors for their financial service needs. No
country today has a choice- whether to implement E-banking or not given the global
and competitive nature of the economy. ICICI have top grade and constantly think of
new innovative customized packages and services to remain competitive. The invasion
of banking by technology has created an information age and commoditization of
banking services. ICICI have come to realize that survival in the new e-economy
depends on delivering some or all of their banking services on the Internet while
continuing to support their traditional infrastructure. The rise of E-banking is redefining
business relationships and the most successful banks will be those that can truly
strengthen their relationship with their customers. Without any doubt, theinternational
scope of E-banking provides new growth perspectives and Internet business is a catalyst
for new technologies and new business processes.
SUGGESTIONS
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1. The company should adopt best marketing strategy to expansion the market.
2. To increases its branches.
3. To increases more activity rather than banking system.
4. To make good relationship with its customer.
5. To make effort for increasing the awareness about the internet banking among the
customers
6. To reduces the interest rate of loan process.
7. To reduces the minimum amount of maintaining the account.
BILIOGRAPHY
• www.Scribd.com
• www.google.com
• www.wikipedia.com
• Amandeeep(1983),Profit and profitability of commercial banks,
DEEP AND DEEP PUBLICATIONS.
• Gupta S. P.(2007),statistical methods, S. CHAND AND SONS.
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Questionnaire
1. NAME
2. AGE
3. OCCUPATION
4. SEX
MALE FEMALE
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11.Suitability of processing of loan for the customer?
Yes no can not say
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20.The process of loan is suitable to you?
No YES
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