Final Project1 - 2

Comparative study of ICICI bank & HDFC bank 2019
CHPTR SUB TOPIC NAME PAGE

NO. TOPICS NO.
Executive summary
Objectives of study
Review
Methodology
CH 1. INTRODUCTION OF BANK
1.1 What is a bank?
1.2 History of bank
1.3 Objectives of bank
CH 2 INTRODUCTION AND OBJCTIVES

2.1 Introduction on ICICI and HDFC Bank
2.2 History
2.3 Objectives, features, functions and goals
2.4 Organizational structure
2.5 SWOT analysis of ICICI and HDFC
CH 3 SERVICES PROVIDED BY ICICI & HDFC

3.1 Accounts & deposits
3.2 Loans
3.3 Cards
3.4 Investments
3.5 Insurance
3.6 Demat A/C
3.7 Wealth management
CH 4 COMPARASION BETWEEN ICICI & HDFC

4.1 Difference Between ICICI and HDFC
4.2 HDFC v/s ICICI: Indian Banks Compared
4.3 Tabular structure of ICICI and HDFC
4.4 Similarities & differences
4.5 ICICI v/s HDFC: Indian earning season
4.6 ICICI v/s HDFC: table
4.7 ICICI v/s HDFC: as investment options
Com.(banking & insurance) Page 1

Ch 5 ANNEXURES & QUESTIONNAIRE

5.1 Questionnaire
5.2 Conclusion
5.3 Bibliography

1.1 EXECUTIVE SUMMARY
HDFC and ICICI are major financial and banking service organizations in India.
Hdfc stands for Housing Development Finance Corporation and ICICI is
Industrial Credit and Investment Corporation of India. It was in 1990’s that the
Government of India decided upon a policy of liberalization under the
leadership of Narsimha Rao. This policy allowed private banks to become
established in India although small in number. The first among these banks was
Global Trust Bank after which various others like Axis Bank, HDFC Bank, and
ICICI Bank emerged. This gave a boost to the banking sector in India.
HDFC was established in 1994 by India’s largest housing finance company-

housing development finance corporation Ltd. In jan 1995, it started operating
as scheduled commercial bank. HDFC Bank merged with Times Bank Ltd in
2000 and this was the first private bank merger in India. HDFC also acquired
centurion Bank Of Punjab in 2008.
ICICI Bank was basically setup with the objective of providing middle and long
term financing to business in India. Some Indian industries, government of
India and World Bank took advantage of this initiative.
1.2 OBJECTIVE OF STUDY

 To study the market shares in banking sector of ICICI & HDFC.
 To study the customer satisfaction with ICICI & HDFC.
 To analyze the decision making process of the customer.
 To analyze the decision making process of the customer.
 To study the customer perception about ICICI & HDFC
1.3 REVIEW
Moody's Analytics is a subsidiary of Moody's Corporation established in 2007

to focus on non-rating activities, separate from Moody's Investors Service. It
performs economic research related to credit analysis, performance
management, financial modeling, structured analysis and financial risk
management. Moody's Analytics also offers software and consulting services,
including proprietary economic models and software tools, as well as
professional training for the financial services sector, particularly risk
management accreditation. The company also provides quantitative analysis and
credit risk management tools.
Moody's to review ICICI Bank, HDFC Bank for downgrade in line with
sovereign rating
Global credit rating agency Moody's Investors Service Monday said that
it has placed India's three major private sector lenders ICICI Bank, HDFC Bank
and Axis Bank under review for a downgrade, making its intentions clear about
rating lenders in line with the sovereign rating of the nations in which they are
based.
"Moody's expects to position the standalone credit assessments of most banks

globally at (or below) the rating of the sovereign where the bank is domiciled,"
Moody's said in statement, adding that the review is expected to be concluded in
three months.
The standalone credit assessment of ICICI Bank, HDFC Bank and Axis Bank is
currently positioned above the country's sovereign debt rating, Moody's said,
just a couple of days after these lenders were stripped of their 'stable' outlook by
another ratings firm Standard & Poor's (S&P).
1.4 HYPOTHESIS
Com(banking & insurance) Page 4

 The HDFC plan is more preferable to old age group people.

 HDFC is unit link pension plan is able to give returns compared to that of
companies because of lower fund management charges.
 HDFC and ICICI investment is very convenient to customer
1.5 METHODOLOGY
The study was conducted by the means of personal interview with respondents
and the information given by them were directly recorded on questionnaire.
For the purpose of analyzing the data it is necessary to collect the vital
information. There are two types of data, this are-
 Primary Data
 Secondary data
PRIMARY DATA:-
Primary data is fresh data. This data is collected from books, internet and direct
questionnaire. The data is collected from questionnaire. The questionnaire is
filled from customer through direct interviewing them.
SECONDARY DATA:-
Secondary data is collected from magazines, newspaper, etc.
Eg; social networking sites, books, newspaper, etc.

CHAPTER1: INTRODUCTION OF BANK
1.1 What is a Bank?

A bank is a financial institution and a financial intermediary that accepts
deposits and channels those deposits into lending activities, either directly by
loaning or indirectly through capital markets.
A bank may be defined as an institution that accepts deposits, makes loans, pays
checks, and provides financial services. A bank is a financial intermediary for
the safeguarding, transferring, exchanging, or lending of money. A primary role
of banks is connecting those with funds, such as investors and depositors, to

those seeking funds, such as individuals or businesses needing loans. A bank is

the connection between customers that have capital deficits and customers with
capital surpluses.
Banks distribute the medium of exchange. Banking is a business. Banks sell

their services to earn money, and they must market and manage those services
in a competitive field. Banks are financial intermediaries that safeguard,
transfer, exchange, and lend money and like other businesses that must earn a
profit to survive. Understanding this fundamental idea helps you to understand
how banking systems work, and helps you understand many modern trends in
banking and finance.
1.2 History of Indian Bank
The first banks were Bank of Hindustan (1770-1829) and The General
Bank of India, established 1786 and since defunct. The largest bank, and
the oldest still in existence, is the State Bank of India, which originated in
the Bank of Calcutta in June 1806, which almost immediately became the
Bank of Bengal. This was one of the three presidency banks, the other two
being the Bank of Bombay and the Bank of Madras, all three of which were
established under charters from the British East India Company.
The three banks merged in 1921 to form the Imperial Bank of India, which,
upon India’s independence, became the State Bank of India in 1955. For
many years the presidency banks acted as quasi- central banks, as did their
successors, until the Reserve Bank of India was established in 1935. In
1955, RBI acquired control on Imperial Bank of India, which was renamed
as State Bank of India. In 1959, SBI took over control of eight private banks
floated in the erstwhile princely states and making them as its 100%
subsidiaries.
In 1969 the Indian government nationalized all the major banks that it did
not already own and these have remained under government ownership.
They are run under a structure known as ‘profit-making public sector
undertaking’ (PSU) and are allowed to compete and operate as commercial

banks. The Indian banking sector is made up of four types of banks, as well
as the PSUs and the state banks; they have been joined since the 1990s by
new private commercial banks and a number of foreign banks.

CHAPTER 2: INTRODUCTION & OBJECTIVES
2.1 INTRODUCTION ON ICICI & HDFC BANK
Banking is the backbone of a modern economy. Health of banking industry is

one of the most important pre-conditions for sustained economic progress of
any country. The world of banking has assumed a new dimension at the dawn of
the 21st century with the advent of tech banking, thereby lending the industry a
stamp of universality. In general, banking may be classified as retail and
corporate banking. Retail banking, which is designed to meet the requirements
of individual customers and encourage their savings, includes payment of utility

bills, consumer loans, credit cards, checking account balances, ATMs,
transferring funds between accounts and the like. Corporate banking, on the
other hand, caters to the needs of corporate customers like bills discounting,
opening letters of credit and managing cash.
ICICI Bank Ltd. is an Indian diversified financial services company

headquartered in Mumbai, Maharashtra. It is the second largest bank in India by
assets and third largest by market capitalization. It offers a wide range of
banking products and financial services to corporate and retail customers
through a variety of delivery channels and through its specialized subsidiaries in
the areas of investment banking, life and non-life insurance, venture capital and
asset management. HDFC Bank was incorporated in Aug. 1994 and promoted
by Housing Development Finance Corporation Limited (HDFC) India's premier
housing finance company which also enjoys an impeccable
track record in India as well as in international markets.
ICICI
ICICI (INDUSTRIAL CREDIT AND INVESTMENT CORPORATION OF

INDIA) Bank Ltd. is an Indian diversified financial services company
headquartered in Mumbai, Maharashtra. It is the second largest bank in India by
assets and third largest by market capitalization. It offers a wide range of
banking products and financial services to corporate and retail customers
through a variety of delivery channels and through its specialized subsidiaries in
the areas of investment banking, life and non-life insurance, venture capital and
asset management. The Bank has a network of 2,575 branches and 8,003 ATM's
in India, and has a presence in 19 countries, including India.
ICICI Bank is one of the Big Four banks of India; along with State Bank of
India, Punjab National Bank and HDFC Bank—its main competitors.

ICICI Bank is India's second-largest bank with total assets of Rs.3,663.74

billion (US$ 76 billion) at September 30, 2009 and profit after tax Rs.19.18
billion (US$ 398.8 million) for the half year ended September 30, 2009.The
Bank has a network of 1,568 branches and about 4,883 ATMs in India and
presence in 18 countries. ICICI Bank offers a wide range of banking products
and financial services to corporate and retail customers through a variety
of delivery channels and through its specialized subsidiaries and affiliates in the
areas of investment banking, life and non-life insurance, venture capital and
asset management. ICICI Bank's equity shares are listed in India on 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.
HDFC
HDFC Bank was incorporated in Aug. 1994 and promoted by Housing

Development Finance Corporation Limited (HDFC) India's premier housing
finance company which also enjoys an impeccable track record in India as
well as in international markets. HDFC was amongst the first to receive an 'in
principle' approval from the Reserve Bank of India (RBI) to set up a bank in the
private sector, as part of the RBI's liberalization of the Indian Banking Industry.
HDFC Bank concentrates in four areas -corporate banking, treasury
management, custodial services and retail banking. It has entered the banking
consortia of over 50 corporate for providing working capital finance, trade
services, corporate finance and merchant banking. . HDFC bank has become the
first private sector bank to be authorized by the Central Board of Direct Taxes
(CBDT) as well as the RBI to accept direct taxes, commencing April01 2001.
The taxes will be accepted at specified branches of the bank. Also it has
announced a strategic tie-up with a Bangalore-based business solutions software
developer Tally Solutions Put (TSPL) for developing and offering products and

services facilitating on-line accounting and banking services to SMEs (Small

and Medium Enterprises).In 2001-02 the bank was listed on the New York
Stock Exchange in the form of ADS. Each AD represents 3 equity shares.
Consequent to the issue, the paid up capital of the Bank has increased
byRs.37.42 cores.
2.2 HISTORY
ICICI
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 in1955
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.

HDFC
HDFC Bank was incorporated in 1994 by Housing Development Finance

Corporation Limited (HDFC), India's largest housing finance company. It was
among the first companies to receive an 'in principle' approval from the Reserve
Bank of India (RBI) to set up a bank in the private sector. The Bank started
operations as a scheduled commercial bank in January 1995 under the RBI's
liberalization policies. Times Bank Limited (owned by Bennett, Coleman & Co.
/ Times Group) was merged with HDFC Bank Ltd., in 2000. This was the first
merger of two private banks in India. Shareholders of Times Bank received 1
share of HDFC Bank for every 5.75 shares of Times Bank.
In 2008 HDFC Bank acquired Centurion Bank of Punjab taking its total
branches to more than 1,000. The amalgamated bank emerged with a base of
about Rs. 1, 22,000 core and net advances of about Rs.89, 000 cores. The
balance sheet size of the combined entity is more than Rs. 1, 63,000 cores
2.3 OJECTIVES, FEATURES, FUNCTIONS AND GOAL
ICICI-
Broad objectives of the ICICI are:
 to assist in the creation, expansion and modernization of private concerns;

 to encourage the participation of internal and external capital in the private
concerns;
 To encourage private ownership of industrial investment.
The functions of the ICICI-

 It provides long-term and medium-term loans in rupees and foreign
currencies.

 It participates in the equity capital of the industrial concerns.

 It underwrites new issues of shares and debentures.
 It guarantees loans raised by private concerns from other sources.
 It provides technical, managerial and administrative assistance to industrial
concerns.
The features of ICICI-

The important features of the functioning of the ICICI arc as given below:
 The financial assistance as provided by the ICICI includes rupee loans,

foreign currency loans, guarantees, underwriting of shares and debentures,
and direct subscription to shares and debentures.
 Originally, the ICICI was established to provide financial assistance to
industrial concerns in the private sector. But, recently, its scope has been
widened by including industrial concerns in the public, joint and cooperative
sectors.
 ICICI has been providing special attention to financing riskier and non-
traditional industries, such as chemicals, petrochemicals, heavy engineering
and metal products. These four categories of industries have accounted for
more than half of the total assistance.
 Of late, the ICICI has also been providing assistance to the small scale
industries and the projects in backward areas.
 Along with other financial institutions, the ICICI has actively participated in
conducting surveys to examine industrial potential in various states.
HDFC-
The ideal way to connect with the core of any company is to understand its
background and objectives. We at HDFC aspire to provide our customers with
unique home loan solutions and make home ownership as easy and simple as
unlocking a door with a key. The strategies are to Increase the return on equity
each year by 1 percentage point in order to maximize shareholder value,

Maintain gross Non-Performing Assets (NPAs) below 1%; consistently grow
the loan book; improve operational efficiency by consistently bringing down the
cost to income ratio.
Business Objective
Primary objective is to enhance residential housing stock in the country through

the provision of housing finance in a systematic and professional manner, and to
promote home ownership. They aim to increase the flow of resources to the
housing sector by integrating the housing finance sector with the overall
domestic financial markets.
GOALS
 Develop close relationships with individual households.

 Maintain our position as the premier housing finance institution in the country.
 Transform ideas into viable and creative solutions.
 To grow through diversification by gaining leverage from our existing client
base.
 To nurture the values and ethos of Brand HDFC through all its Subsidiaries and
Associate Companies.
2.4 ORGANISATIONAL STRUCTURE
ICICI BANK
ICICI Banks organization structure is designed to be flexible and customer-
focused, while seeking to ensure effective control and supervision and
consistency in standards across the organization and align all areas of operations

to overall organizational objectives. The organization structure is divided into

six principal groups ………………..
1. Retail Banking-The Retail Banking Group is responsible for products and
services for retail customers and small enterprises including various credit
products, liability products, distribution of third party investment and
insurance products and transaction banking services.
2. Wholesale Banking-The Wholesale Banking Group is responsible for
products and services for large and medium-sized corporate clients,
including credit and treasury products, investment banking, project finance,
structured finance and transaction banking services.
3. International Banking-The International Banking Group is responsible for
its international operations, including operations in various overseas
markets as well as its products and services for non-resident Indians and
its international trade finance and correspondent banking relationships.
4. Rural and Agricultural Banking-The Rural, Micro-Banking & Agri-
Business Group is responsible for envisioning and implementing rural
banking strategy, including agricultural banking and micro-finance.
5. Government Banking The Government Banking Group is responsible
for government banking initiatives.
6. Corporate Center The Corporate Center comprises the internal control
environment functions (including operations, risk management, compliance,
audit and legal); finance human resitsces management; and facilities
management & administration.
HDFC BANK
The Composition of the Board of Directors of the Bank is governed by the
Companies Act, 1956, the Banking Regulation Act, 1949 and the listing
requirements of the Indian Stock Exchanges where securities issued by the
Bank are listed. The Board has strength of 12 Directors as on March 31, 2008.
All Directors other than Mr. Aditya Puri, Mr. Harish Engineer and Mr. Paresh
Sukthankar are non-executive directors. The Bank has five independent
directors and seven non-independent directors. The Board consists of eminent
persons with considerable professional expertise and experience in banking,
finance, agriculture, small scale industries and other related fields. None of the
Directors on the Board is a member of more than 10 Committees and Chairman
of more than 5 Committees across all the companies in which he/she is a
Director. All the Directors have made necessary disclosures regarding
Committee positions occupied by them in other companies. Mr. Jagdish Capoor,
Mr. Keki Mistry, Mrs. Renu Karnad, Mr. Vineet Jain, Mr. Aditya Puri, Mr.
Harish Engineer and Mr. Paresh Sukthankar are non-independent Directors on
the Board. Mr. Arvind Pande, Mr. Ashim Samanta, Mr. Gautam Divan, Mr. C.
M. Vasudev and Dr. Pandit Palande are independent directors on the Board. Mr.
Keki Mistry and Mrs. Renu Karnad represent HDFC Limited on the Board of
the Bank. Mr. Vineet Jain represents Bennett, Coleman Group on the Board of
the Bank. The Bank has not entered into any materially significant transactions
during the year, which could have a potential conflict of interest between the
Bank and its promoters, directors, management and/or their relatives, etc. other
than the transactions entered into in the normal course of business. The Senior
Management have made disclosures to the Board confirming that there are no
material, financial and/or commercial transactions between them and the Bank
which could have potential conflict of interest with the Bank at large.

2.5 SWOT ANALYSIS
ICICI BANK
STRENGTH:
1) ICICI Prudential is No. 1 private life player in India

2) Innovative insurance policies with rider benefits.
3) Motivation factors provided by the company.
4) one of the largest financial Institution of India’s
5) .Second largest bank with network of 469branchesand 1740 ATM· s
across India.
6) A huge database of corporate clients, retail customer, and bank customers
of ICICI & Assets base of ICICI is more than Rs 1,08,000Crores.
7) Training provided to all people associating with ICICI prudential.
8) Highest paid up capital deposited in IRDA, in comparison to all players
WEAKNESS:
1) Very huge premiums of policies, compared to other insurance sector.
2) Minimum premium is 19000.(Except tax saving policy only 10,000)
3) Target upper class people only.
4) Policy charges are very high.
5) Problematic to advisors also.
6) Poor distribution: since it is in English language only.
OPPORTUNITIES:
1) Tie up with more corporate agents all over India.

2) Tie up with broker also
3) No. of adopting new technology
4) Strong Brand of Company Helps to boost sales in market
5) Attract more people of providing customer centric products

THREATS:
1) Threat from existing life insurance players

2) Threat from new entrance
3) Threat to substitute products
4) Change in the policy of IRDA
5) Competition from more & more new players
6) People don’t aware of different distribution channel
HDFC BANK
STRENGTH
1) First private life insurance company who got license by IRDA .

2) Domestic image of HDFC supported by Standard Life’s international
image is strength of the company.
3) Strong and well spread network of qualified intermediaries and
salesperson.
4) Strong capital and reserve base
5) The company provides customer service of the highest order
6) Huge basket of product range which are suitable to all age and income
groups
7) Large pool of technically skilled manpower with in depth knowledge and
understanding of the market.
8) The company also provides innovative products to cater to different needs
of different customers.

WEAKNESS:
1) less number of branches compare to nearest competitors

2) Heavy management expenses and administrative costs.
3) Low customer confidence on the private players.
4) Vertical hierarchical reporting structure with many designations and
cadres leading to power politics at all levels without any exception.
5) Poor retention percentage of tied up agents.
6) Every employee does not have enough knowledge about insurance
products and commission rates
OPPORTUNITIES:
1) Insurable population: According to IRDA only10% of the population is

insured which represents around 30% of the insurable population. This
suggests more than 300m people, with the potential to buy insurance,
remain uninsured.
2) There will be inflow of managerial and financial expertise from the
world· s leading insurance markets. Further the burden of educating
consumers will also be shared among many players.
3) International companies will help in building world class expertise in
local market by introducing the best global practice.
THREATS:
1) Other private insurance companies also aiming for the same uninsured
population.
2) Big public sector insurance companies like Life Insurance Corporation
(LIC) of India , National Insurance Company Limited, Oriental Insurance

Limited, New India Assurance Company Limited and United India

Insurance Company Limited. People have more trust in these companies.
3) Poaching of customer base by other companies.
4) Most people don’t understand the need or are not willing to take
insurance policies in general. People prefer short term investment rather
than insurance.

CHAPTER 3: SERVICES PROVIDED BY ICICI AND HDFC

BANK

3.1 ACCOUNTS AND DEPOSITS-
SAVING ACCOUNT OF ICICI BANK-
An ICICI Bank Savings Account offers a valuable banking experience.
 Debit-cum-ATM Card - With ICICI Bank Savings Account you will get a
debit card that you can use to withdraw cash from any ATM. One may
also use your debit card to directly make purchases through a
Visa/MasterCard POS (Point of Sale) machine available at most stores!
 Money Multiplier Facility - Allow us to take care of your idle money by
moving it into high interest savings account earning.
 Internet Banking - Banking could not have been more convenient. Just
log in with your user ID and password and make banking a hassle-free
routine.
 Customer Care - 24-hour Customer Care is always available to answer
any query or take your instructions. For Customer Care numbers,
 Mobile Banking - Transferring funds or getting to know your balance is
as easy as sending an SMS. For details on Mobile Banking, Standing
Instructions - ICICI Bank accepts and supports Standing Instructions.
 Nomination Facility - You may nominate a person as beneficiary to your
account proceeds.
 DD Call and Collect - Don't waste even a minute in a queue to collect a
Demand Draft or Pay Order. On the way to the branch, just call Customer
Care, provide details of the DD to be prepared and collect it ready and
signed at the branch.
SAVING ACCOUNT IN HDFC BANK-

FEATURES -
 Wide network of branches and over 7300 ATMs to meet all your banking
needs, no matter where you are located.
 Bank conveniently with facilities like Net Banking and Mobile Banking –
check your account balance, pay utility bills or stop cheque payments all
via SMS.
 Never overspend – shop using your International Debit Card that reflects
the actual balance in your savings account.
 Personalized cheques with your name printed on each cheque leaf for
enhanced security.
 Take advantage of Bill Pay – an instant solution so you can pay all your
frequent utility bill payments. Instruct for payments over the phone or
through the Internet.
 Avail of facilities like Safe Deposit Lockers, Sweep-In and Super Saver
facilities on your account.
 Free cash withdrawals at any other Bank's ATMs
 Free Payable-at-Par cheque book, without any usage charges.
 Free Insta Alerts for all account holders for lifetime of the account.
 Free passbook facility available at home branch for account holders
 Free Email Statement facility.
SALARY ACCOUNT
ICICI BANK-
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 ---:
 Having the largest network of ATMs at their command.

 Free 24 hour Phone Banking.
 Free Internet Banking.
All one would require to do is to send ICICI Bank an advice (in form of a
cheque/debit instruction, 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.
Besides all of the above, employees will automatically become ICICI Bank
account holders with special benefits and privileges of 8-8 banking, Investment
advisory and much more. ICICI Bank also has a special offering: Defense
Banking Services designed exclusively for the armed forces.
HDFC BANK-
 Zero Balance Savings Account

 Free payable at par cheque book @ 25 cheque leaves per quarter
 5 Free transactions per month at Non- HDFC Bank ATMs in India
 Free for life International Debit Card for the primary applicant with ATM
cash withdrawal limit of Rs 25,000 per day and POS usage limit of Rs.40,
000 per day.
 Add-on International debit card for secondary holder (Free for the first
year)
 Free Personal Accidental Death Cover of Rs. 1 lakh
 Anywhere Banking across our extensive Branch and ATM network
 Free Quarterly Account Statements
 Free Monthly Account statements by e-mail (Optional)

 Free Passbook facility available at home branch for account holders

 Free DDs /MCs up to Rs. 25,000 per instrument payable at HDFC Bank
branch locations
 Free mobile and e-mail alerts (InstaAlerts Facility)
 Free Utility payment facility (Bill Pay)
 Free Phone banking, Mobile Banking and Net Banking & Electronic
Funds Transfer options
DREAM DEPOSITS IN ICICI BANK-
Icici dream for individual, for families, friends and relatives and for society at
large too. Some of dreams are need based, while some inspirational. The dreams
that are close to us; they mean everything.. they all want to nurture them and if
possible secure them so that we can accomplish them under all odds. So be it
our child’s education, daughter’s marriage, owning a home, driving our car or
planning our retirement, it is imperative that we secure them at all costs. To
secure them, you need to plan your finances prudently, based on your needs and
aspirations at different points in time. A plan that gives you the flexibility in
terms of choices that suit your needs and an assurance of a return that is safe
and secure.
CURRENT ACCOUNT IN HDFC BANK
 . Get convenient inter-city banking and free cheque payments anywhere.

 Free Collections of funds through RTGS and NEFT
 Free Payments through NEFT. Nominal charges for RTGS payments
 Transfer funds across cities between HDFC Bank accounts at a nominal
charge of Rs.15 per transactions

 Issue free Demand Drafts (DD) / Pay Order for values above Rs.100,000.
For Demand Drafts up to Rs.50,000 a charge of Rs.40, Demand Drafts
above Rs.50,000 and below Rs.100,000 a charge of Rs.25 will be levied.
 Get a payable-at-par cheque book at a nominal price.
 Register for Insta Alerts and receive updates on your account on
processing of your transaction.
 Enjoy Doorstep Banking for your convenience and security. Cash and
cheque pick-ups and cash deliveries can be arranged from your doorstep,
through a reputed agency.
 Get 24-hour Phone Banking, Net Banking and Mobile Banking to check
your account balance and transaction details, find out the status of your
cheques or stop cheque payments.
FIXED DEPOSIT
ICICI BANK-
 Flexibility of tenure - 7 days to 10 years

 Liquidity-
 Premature / Partial withdrawal permitted (subject to applicable charges)

 Loan / Overdraft upto 90% of FD amount
 Option of monthly / quarterly payout available
 Competitive interest rate - for various tenures

 Convenient ways to open a FD
 Internet Banking
 Phone banking
 ICICI Bank Branch

HDFC BANK-
Regular Fixed Deposits offer:
 Easy investments with high

returns
 Flexibility and security in
one offering
 Higher rate of interest on Fixed Deposits for Senior Citizens
RECURRING DEPOSIT
ICICI BANK -
 ICICI Bank Recurring Deposits are an ideal way to invest small amounts
of money every month and end up with a large kitty on maturity.
 High recurring billing and recurring payments can be a drain on your
finances and hence large investments may seem a plan away.
 A recurring deposit account with ICICI Bank allows a loan against the
deposit. Our new recurring deposit account also has a special feature -
Non-applicability of Tax Deduction at Source (TDS).
 The minimum balance of deposit is Rs.500 per month and thereafter in
multiples of Rs.100. The tenure ranges from 6 months to a maximum
period of 10 years, recurring deposit of 3 months thereafter.
 The recurring deposit also comes with a nomination facility.
RECURRING DEPOSIT
HDFC BANK –
BENEFITS;

 An investment as small as Rs 500 (and in multiples of Rs 100 thereafter)

or as large as Rs 14,99,900/- per month
 A minimum tenure of 6 months (and in multiples of 3 months thereafter)
up to a maximum tenure of 10 years.
 For a much smaller investment per month, get interest rates equal to that
of regular Fixed Deposits.
 TDS is not applicable on the Interest earned by Recurring Deposits as per
current income tax rules.
(1) YOUNG STARS ACCOUNT IN ICICI BANK-

Young Stars is a banking service for children, aged up to 18 years,
brought to you by ICICI Bank to help the parents meet the present and
future aspirations that they hold for their child. It offers various savings
and investment options to the parent along with teaching the child to
manage his/her personal finance in a more responsible and independent
manner. The parent would put forward the desired amount to be earned at
the end of the tenure. The next time you want to withdraw cash from your
ICICI Bank Young Stars Savings account, just walk into any bank's ATM
and use your ICICI Bank ATM-cum-Debit card for free. The benefit is
available to Young star Savings Account holders on maintenance of a
monthly average balance of more than Rs. 10,000 in the savings account
in a month.
SAFE DEPOSIT LOCKERS IN HDFC-
Features
 Wide availability of locker locations and sizes

 Access to safe-deposit lockers at all branches, no matter where your account

is held.
 Lockers are rented for one year, and rent is payable in advance.
Lockers can be hired by individuals, limited companies, associations and trusts.

To use a locker, one should hold a Savings or Current account with HDFC Bank
3.2 LOANS
(1) HOME LOAN IN ICICI BANK-
Building your own home is special. As one of the leading home loan
providers, ICICI Bank Home Loans is here to help you lay the foundation for
your dream home. With the experience of sharing the dream of millions of the
customers, they offer most convenient home loan plans to suit your needs.
ADVANTAGES
 Wide range of product to choose from

 Guidance throughout the process making home buying hassle free

 Doorstep service at your comfort
 Simple documentation
 Sanction approval without having selected a property.
 Flexible repayment options
 With a network of 2500 branches we are always close to you
 Over 900 Bank Branches pan India for servicing of your loans
 Free Personal Accident Insurance &
Insurance options for your home loan at attractive premium
(2) HOME LOAN IN HDFC BANK-
HDFC Bank brings HDFC home loans to doorstep. Over 3 decades of exclusive
experience, a dedicated team of experts and a complete package to meet all
housing finance needs, HDFC Home Loans, help you realize your dream.
ADVANTAGES
 Pioneers of Housing Finance in India with over 33 years of lending

experience
 Widest range of Home Loan Products
 Most experienced and empowered personnel to ensure smooth & easy
processing.
 Counseling and advisory services for acquiring a property
 Loan from any office for purchase of home anywhere in India
 Loan approval even before a property is selected
 Flexible loan repayment options

 Free & safe document storage
(3) CAR LOAN IN ICICI BANK-
Car Loans from ICICI Bank are extremely convenient, flexible and quick. With
more than 604 channel partners in over 1000 locations, we reach out to millions
of customers and help them realise their dream of possessing a car.
The minimum loan amount for taking a new car loan is Rs. 1,00,000. The
maximum loan amount will depend upon the price of the car, model variant,
profile of the customer, etc.
Car Loans
Repayment tenure ranges from 1 year to 5 years for new car loans. You may
change the tenure of the loan before the loan is disbursed. The interest rate & EMI
would change accordingly. The repayment due dates for the loan are 1st and 15thof
every month and would depend on the date of disbursement. Payment due dates
cannot be changed. One can make the Payments through post-dated cheques
(PDCs). Repayment option through Direct Debit Mandates is also available for all
ICICI Bank account holders. Option of repaying through ECS is also available in
select cities. Payments through cash or credit cards are not accepted. one may
change the PDC's in case your Bank Account is changed . However, we would
require verification of signatures by new banker. A nominal fee of Rs.500/- (Swap
Charges) would be charged for exchange of cheques. A full pre-payment of the
loan is accepted. Part pre-payment is not allowed.
CAR LOAN IN HDFC BANK-
The vehicle age at the end of Car N Cash Loans tenure should not exceed:
 7 Years for Private Usage and

 6 Years for Commercial Usage

FEATURES
 Borrow up to 100% of the original loan value of the car.

 Valuation of the car is not mandatory.
 Wide range of approved models/variants and manufacturers are considered.
 We make quick and hassle-free disbursals.
(4) PERSONAL LOAN IN ICICI BANK
Key Benefits
 Loan up to Rs. 10 Lakhs
 No security/guarantor required
 Faster processing.
 Minimum documentation
 Attractive rates of interest
 Flexible repayment option of 12-48 months
ICICI Bank may, at its sole discretion, utilise the services of external service
provider/s or agent/s and on such terms as required or necessary, in relation to its
products. Avail of an ICICI Bank Personal Loan if you have an ICICI Bank salary
account and if you meet the following criteria:
Criteria* Salaried
Age 23 yrs. - 58 yrs.
Net Salary Net monthly income - Rs. 20,000 p.m.
Eligibilty ICICI bank Salary Account Holder, Existing ICICI

Bank Personal Loan customer
Years in total job / 2 Year

profession
Years in current
1 Year
residence
PERSONAL LOAN IN HDFC BANK
Reason for choosing this product-
 Minimal documentation with super fast disbursal

 Flexible repayment in 12-60 months.
 No guarant or surety. A guarantor becomes a co-endorser and assumes
liability in event of default. surety / collateral required
Features and Benefits with your HDFC Bank Personal Loan-
 Choose when you can pay back – anytime between 12 to 60 months.

 You can repay with Easy EMIs at best in class interest rates.
 They don’t ask for any guarant or surety. A guarantor becomes a co-
endorser and assumes liability in event of default. Surety or collateral.
 They approve loans quickly.
 HDFC service will come to your door if you need.
(5) VECHILE LOAN-
COMMERCIAL VECHILE LOAN IN ICICI BANK-
ICICI have extended products like funding of new vehicles, finance on used
vehicles, top up on existing loans, working capital loans & other banking
products

ICICI have a range of services on existing loans,as are listed below.

Commercial Vehicle Loans
 Reaches you through more than 180 locations across the country
 Range of products under one umbrella.
 Funding for trucks, buses, tippers, light commercial vehicles and small
commercial vehicles.
 Products including funding for new vehicles, finance on used vehicles and
top up on existing loans.
 Preferred financier status with all leading manufacturers.
 Simple documentation processes.
 Quick turn around time.
 Flexible financing solutions to meet individual requirements.
2 WHELLER LOAN IN HDFC BANK-
 Flexi-Repay options, ranging from 12-48 months

 Hassle free and speedy loans - No guarantor surety. A guarantor becomes
a co-endorser and assumes liability in event of default. required
 Get special schemes for Harley Davidson Motorcycles.
FEATURES
 Get flexible repayment options, ranging from 12 to 48 months available

even at the point of purchase.
 Repay through post-dated cheques with easy EMIs.
 Calculate your EMI.
 Get hassle free loans
 No need for a guarantor surety. A guarantor becomes a co-endorser and
assumes liability in event of default..

 Get a speedy loan approval.

 We provide loans for almost all models at attractive interest rates.
 Get free gifts from time to time on approval of your Two Wheeler Loan.
(Watch this space for more details on the free gift promotion).
(6) LOAN AGAINST SECURITY IN ICICI BANK-
You don’t have to sell your securities. All you have to do is pledge your
securities in favour of ICICI Bank. They will then grant you an overdraft
facility up to a value determined on the basis of the securities pledged by you. A
current account will be opened and you can withdraw money as and when you
require. Interest will be charged only on the amount withdrawn and for the time
span utilized.
This facility is available against the following securities
 Demat Shares
 Mutual Funds Units
 Fixed Maturity Plans (FMP)
 Exchange Traded Funds (ETF)
 Insurance Policies
 Savings Bonds
 NSC/KVP (Demat form)
LOAN AGAINST SECURITY IN HDFC BANK-
Benefits
 Use your investments to get liquidity, without selling them.

 Get upto 80% loan against the value of your securities. Term loans on select
securities offered too!
 You will have to pay interest only when you actually use the loan.
The securities that you may decide to pledge must be one of the following:
 Equity Shares.
 Mutual Funds (Equity, Debt, FMPs) upto 50% of NAV (Net Asset
Value).
 Gold ETF
 Gold Deposit Certificates (GDC)
 RBI Bonds - 8% Savings Bonds 2003 (Taxable)
 Life Insurance Policies issued by LIC and select Private Insurance
Companies.
 National Savings Certificates (NSC)
 Kisan Vikas Patra (KVP)
 NABARD's Bhavishya Nirman Bonds
 Non Convertible Debentures
3.3 CARDS
(1) DEBIT CARD
A bank debit card is issued by the bank in the process of opening up of an
account. It can be also called an electronic check as funds withdrawn are drawn
directly from the account. The use of debit card has become popular all over the
world and has taken form of voluminous transactions. Debit cards are also used
for withdrawing money from the ATM. These days the banks have tied up with
banks functioning all across and usually all debit cards can be used at all ATM’s
barring the debit cards issued by nationalized banks.

ICICI BANK – DEBIT CARD
The ICICI bank debit card is available to all account holders of ICICI bank.
ICICI bank debit card comes to the account holder with the welcome package
received by the customer. It is used by the account holders at all ICICI ATM’s
and all other ATM’s which have a tie up with ICICI bank.
Features
1) ICICI bank debit card is used by the customer for the purpose of withdrawal
of money.
2) The customer can check for the balance in the account.
3) The customer can also use it for the purpose of withdrawing a mini
statement.
4) The debit card is very convenient to use these days at merchant
establishments for the purpose of dining, shopping and also for the purpose
of paying petrol bills or at multiplexes.
5) Online shopping is another facility available with the debit cards. Airline
tickets, movie tickets, and bill payments are at the customer convenience as
it can be done from home or from office through the debit card. To ensure
that all payments are safe the customer has to enter the internet banking id
and password for the completion of the transaction.
6) There is a very high acceptance of the ICICI debit card due to very high
customer base. The ICICI debit card is accepted at 3.5 lakh merchant
establishments and 3000 ATM’s all over India.
There are seven kinds of ICICI Bank Debit Card.

a. ICICI Bank Signature Debit Card
b. ICICI Bank Platinum Debit Card
c. ICICI Bank Titanium Debit Card
d. ICICI Bank Woman's Debit Card

e. ICICI Bank Smart Shopper Gold Debit Card

f. ICICI Bank Smart Shopper Silver Debit Card
g. ICICI Bank HPCL Debit Card
In case of loss of card the ICICI bank provides protection from any purchases
made on lost card after the intimation has been given to the bank. The bank
provides a 24 hour helpline number to help customers in case of need.
HDFC BANK- DEBIT CARD
There are seven HDFC debit cards afloat in the market right now.
1) Easy shop International Debit card

The daily limit on the card is Rs. 15, 000 at ATM’s and 25, 000 at merchant
establishments.
The bank can be accessed at Maestro/Visa/Cirrus ATM’s which totals to 8,
00, 000 establishments.
2) Easy shop gold debit card
The daily withdrawable balance at any ATM is Rs. 50, 000 and purchase
limit is of Rs. 50, 000.
There is a cash back facility available on the card which is valid all through
the year.
3) Easy shop pro gold debit card
The daily withdrawable cash balance is Rs. 50, 000 from ATM’s.
The shopping limit at merchant establishment is Rs. 50, 000.
4) Easy shop International Debit Card
The ATM withdrawable limit is Rs. 50, 000. The shopping limit is
Rs.50,000. Easy shop international debit card is basically a shopping card.
For every Rs. 200 spent there is a cash back policy of Rs. 1 as cash back.

5) Easy shop Woman’s Advantage Debit Card.

Rs. 30, 000.
6) Easy shop NRO debit Card
Rs. 25, 000.
7) Kisan Gold card
It is meant to meet the investment and production needs of the farming
community. The ATM withdrawable limit is Rs. 15, 000. The shopping limit
is Rs. 25, 000.
(2) CREDIT CARDS
ICICI CREDIT CARD-
ICICI credit cards are rated as a top most credit card providing company among
all over India. The ICICI bank offers a plethora of credit cards complying with
the varied requirements and needs of the diverse segment of audiences in India.
The bank at present encompasses largest international balance-sheet among
other Indian banks with widespread horizons in the foreign market. The bank, at
present holds fully owned branches, representative offices and subsidiaries in
almost 18 countries.
The Bank provides more than 50 ICICI credit card option all over India, which
include:
 Platinum Card: ICICI platinum card offers various top most facilities to its
cardholders, which comprise high cash or credit limit and up to Rs. 1 crore
insurance for air accidents, to name a few.
 Titanium Credit Card: This ICICI bank credit card offers international
lifestyle, around 25 percent discount in the major city’s best restaurants and

entrance to the Oberoi lounges transversely various international or domestic

airports.
 Visa Signature Credit card: This ICICI credit card basically caters to the
business class people. The features it offers are around Rs 3 crores insurance
for the air accidents and special facilities related to the travel.
HDFC CREDIT CARD-
 Visa Signature Credit Card-A card for the rarest of the rare A card with
unique and exclusive privileges that complement your refinement and style.
Come experience the world of many contended moments.
 World MasterCard-HDFC Bank presents India's First World MasterCard
Credit Card - A very premium offering for the truly elite, a card with tailor-
made premium privileges that complement a discerning lifestyle.
 Platinum Plus Credit Card-India's only Platinum Credit Card with
exclusive travel and preferential benefits - a recognition of those who have
"arrived in life". Enjoy a world of exclusive privileges on your HDFC Bank
Platinum Plus Credit Card.
 Platinum Plus Chip Credit Card-India's only Platinum Credit Card with
Chip Technology for enhanced security which makes all your Credit Card
transactions more secure, convenient and rewarding!
 Titanium Card: A card to match your premium lifestyleTitanium Credit
Card is quite simply the most exclusive Credit card you could ask for with
benefits like zero surcharge on fuel, travel offers and accelerated two-tier
rewards programme.
 Gold Credit Card-A card to match your premium lifestyle with features
like special offers on air and train ticketing and rewards redemption against
air miles.

 Woman's Gold Card-the benefits of the best premium card made

specifically for women. Apply for HDFC Bank Woman's Gold credit card.
 Corporate Platinum Credit Card-It's Not just a card, It's a designation
Experience the exclusivity of HDFC Bank Corporate Platinum Card which
comes with a unique 24x7 Expense management solution called SMART
DATA ONLINE, powered by Mastercard International.
 Corporate Credit Card-It's Not just a card, It's a designation. HDFC Bank
Corporate card comes with a unique 24x7 Expense management solution
called SMART DATA ONLINE, powered by Mastercard International.
 Business Gold Credit Card- Business with HDFC Bank International
Business Gold card, which is designed to add value to your business, while
keeping in mind the conveniences and lifestyle benefits for business owners
and the self-employed community specifically.
 Purchase Card-The HDFC Bank Purchase Card is a credit card solution
given to corporates by HDFC Bank to facilitate quick payments for business
expenses for corporates and their employees. It helps the corporate manage
business expenses and makes purchase transactions smoother by eliminating
the hassles of cash and cheque payments.
(3) PREPAID CARDS-
Prepaid card is a common terminology used between banks and mobile service
providers. A web definition of prepaid card is a card that will work exactly like
a credit card, except that money must be deposited in it first for it to have any
credit in the account.
ICICI Bank:
ICICI Bank is offering a complete range of prepaid cards providing payment

solutions at fingertips of the customer. ICICI Bank prepaid cards are a safe &

convenient way for associate payments, disbursements, gifting & small ticket
transactions. Prepaid cards are available on a VISA platform thus providing
accessibility to over one lakh merchant establishments & cash withdrawal from
all VISA ATMs in India.
HDFC Bank
HDFC Bank is offering different prepaid cards for different uses.
 Forex plus card – For secure and hassle free travelling experience.
 Gift plus card – For the freedom to buy the gift of their choice.
 Food plus Card- For cumbersome meal vouchers.
 Money plus Card – For cash disbursements and administrative hassles.
3.4 INVESTMENTS
(1) MUTUAL FUNDS-
ICICI
ICICI bank provides ICICI mutual funds. The complete name of the mutual
fund is ICICI Prudential mutual fund. There are various kinds of schemes
available with the ICICI mutual funds and there are certain advantages as well.
Advantages:
• The ICICI mutual funds are managed by professional fund managers who
monitor the market very closely.
• The mutual funds of the bank have a diverse portfolio of the stocks and
equities which results in the minimization of the risk.
• The ICICI mutual funds provide consistent investment due to features like
dematerialized account statements, availability of NAV, easy subscription and

redemption processes, performance details through journals etc.

• Provides huge liquidity with open-ended funds. Funds can be redeemed on
demand and is helpful during conditions of falling market.
• The ICICI mutual funds also provide various tax advantages. It provides tax
free dividends and capital investments over a period of one year are also treated
a tax free.
• As there is a huge pool of money, large volumes of securities, stocks and
bonds as well as equities are bought at a time leading to cost reduction.
HDFC
To invest funds in debt markets or in equity from a pool of money of several

people is called Mutual Fund. The HDFC bank offers HDFC Mutual
Fund which is one of the known Indian Mutual Funds. The Debt funds,
balanced funds or Equity funds come under Mutual Funds. There are parameters
which are quantitative based on which the funds are selected. The volatility, risk
adjustment returns, FAMA model, rolling return, qualitative analysis, fund
performance are some of the important parameters based on which the funds are
selected.
Advantages
There are many advantages in investing HDFC mutual funds. The following are
some of the advantages,
 Affordability – The HDFC mutual funds are available in smaller units which
make it more affordable.
 Flexibility – The HDFC mutual fund offers systematic withdrawal plans,
dividend reinvestment, systematic investment plans which give more
flexibility.
 Liquidity – The HDFC mutual fund offers open ended schemes in which you
can withdraw the money at any point of time.

 Professional Management – Based on extensive research and experience the

expert fund managers analyze the options in HDFC mutual funds.
 Diversification – The risk factor is low in HDFC mutual funds as the
investment is done across different stocks and industries.
 Low Costs – The custodial fee, brokerage charges are low for HDFC mutual
funds.
 Potential Return – The HDFC mutual fund managers have access to statistics
and information from leading analysts and economists around the world.
Because of this, the investors of HDFC mutual funds gain potential returns.
 Regulated for Investor Protection – The HDFC mutual fund sector is
regulated to protect the interests of investors.
(1) INITIAL PUBLIC OFFERING APPLICATION THROUGH ASBA-
ICICI- IPO
Invest in IPOs Online
One 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 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.
HDFC-IPO THROUGH ASBA-
ABOUT THIS PRODUCT-
 The amount remains blocked in your bank account for the IPO application.
 Earn interest on the earmarked funds.
 The amount is debited only when the shares are allotted to you.
 No need to wait for your refund cheques/ ECS credits.

 This facility is absolutely FREE.
To keep up with India’s growth story, a large number of companies look to tap
the primary markets to raise capital through Initial Public Offerings (IPO's). As
most IPO's are oversubscribed, the shares allotted to you are far less than what
you apply for. In the process, not only you run out of cheque leaves but the
balance in your bank account also takes a dip. However, the IPO Application
through ASBA is an investor-friendly way to apply for any IPO. The ASBA
(Application Supported by Blocked Amount) is an interface which ensures that
your funds leave your bank account only when you are allotted shares in public
issues. Within this period, you will continue to earn interest on your savings
account.
(2) PURE GOLD-
ICICI --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 0.5g,
1g, 2.5g, 5g, 8g, 20g and 50g categories, subsequently other denominations will
also be introduced. ICICI Bank Pure Gold is available through select branches
of ICICI Bank and internet banking. It is not available through ICICI Bank
ATM's
Some interesting aspects of ICICI Bank Pure Gold offer:
 It is available in tamper proof packaging that can be customised as per your

requirement.
 It is accompanied by 'ASSAY Certification' indicating the highest level of
purity as per international standards.

 It is available throughout the year.
ICICI Bank Pure Gold can be purchased using the following modes of
payment:
Cash, Credit card, Debit instruction to your account, ICICI Bank cheque, Non-
ICICI Bank cheque, ICICI Bank Net Banking
HDFC -INVEST IN GOLD–
Mudra Pure Gold Bars are competitively priced based on the daily prices in the
international bullion market (a place where all precious metals like gold, silver,
platinum, etc are bought and sold). The price is inclusive of customs duty and
other charges involved in the retailing of gold bars.
 24 Carat, 99.99% pure gold bars

 Assay Certification
 Convenience: 2.5g, 5g, 8g, 10g, 20g ,50g & 100g
 Tamper-proof certicard packs.
 Competitively priced based on the daily gold prices
 Available at over 1700 HDFC Bank branches across 700 cities.
(3) BODNS
(i) ICICI BANK BONDS-
Bonds of ICICI Bank have been rated "AAA" by CARE and "LAAA" by ICRA
indicating the highest degree of safety for your money.
 All Investment in ICICI Bank Tax Saving Bonds issued upto March 2005
are eligible for tax rebate under Sec 88 to the full extent possible.

 Bonds are listed on BSE, NSE.
(ii) GOVERNMENT OF INDIA BONDS-

 ICICI Bank Tax Saving Bonds Investment.
 Low Risk Bonds.
 Reasonable investment tenure.
 Nomination facility available.
 Cannot be traded in secondary market.
 Interest income taxable.
HDFC 8% SAVING BONDS-
FEATURES-
 Minimum investment of Rs.1,000 and no maximum limit on investment

 6 years tenure of the bond from the date of issue
 Choose from Half Yearly Payable interest and Cumulative interest
 8%p.a. rate of interest
 No income tax exemption available
 However, the bonds will be exempt from Wealth-Tax under the Wealth-
Tax Act, 1957.
(4) FOREX SERVICES IN ICICI-
ICICI Bank's Foreign Exchange Services will help you organise your foreign
exchange in the most hassle free manner with best foreign exchange rates.
Whether its Foreign Currency, Travellers Cheques or Travel Card, ICICI Bank
Foreign Exchange Services is a one-stop solution to your foreign exchange
requirement. Foreign Exchange Services offers a variety of foreign exchange

products like: ICICI Bank Travel ,CardTravellers Cheques (American
Express), Foreign Currencies.
HDFC INVEST IN SILVER-
FEATURES AND BENEFITS-
 24 Carat pure silver bars

 Assay Certification
 Convenient 50g and 100g denominations
 Tamper-proof certicard packs.
 Competitively priced based on the daily silver prices
 Available at over 380 HDFC Bank branches across 51 cities.
(5) SENIOR CITIZEN SAVING SCHEME IN ICICI-
Senior Citizens Savings Scheme (SCSS) is a Government of India Product. 9%

interest offered to depositors. Since the product is offered by Govt of India, this
product is one of the most Safest Investment Option. Premature closure of account
is possible after one year from the date of opening the account.(Charges
applicable).
Advantages of Opening an SCSS Account with ICICI Bank:
 Large number of Branches.

 Facility of Direct Credit of Interest to ICICI Bank Account.
 In case the investor does not want to avail Direct Credit facility or ECS
facility, 4 Post Dated Cheques will be sent to Investor every year.

 Account Statement containing the details of Deposit Balance & transactions.

 Phone Banking Facility (for Queries).
HDFC CAPITAL GAIN BONDS-Maximum investment limit of up to Rs. 50

Lakhs in a Financial Year across the two available Bonds. 6% interest per annum.
100% risk free payment.
Bond RECL NHAI
Coupon/Interest rate/Yield 6% 6%
Rating AAA AAA
Post Tax Return(30% Tax Slab) 4.13% 4.13%
Tax Status Taxable Taxable
Tax Benefit SEC 54 EC SEC 54 EC
Minimum (Rs.) 10,000 10,000
Maximum (Rs.) 50 Lakhs in a Financial Year 50 Lakhs in a Financial Year

across RECL & NHAI across RECL & NHAI
Tenor 3 Years 3 Years
Interest Date 30th June N.A.
Put/Call/Premature Encashment Bullet repayment at the time Bullet repayment at the time
of Maturity of Maturity
Mode Of Interest Annual Annual
Other Features The new Issue is on tap &

would close by March2012

(6) HOME FINANCE IN ICICI-
Eligible entities as depositors
 Resident Indians
 NRIs
 Association of Persons (AOPs)
 Hindu Undivided Family (HUFs)
 Trusts and Foundations
 Co-operative Societies
 Firms
 Companies
EQUITIES & DERIVATIVES IN HDFC BANK
 Seamless Transactions: With an integrated 4:1 account there is seamless

movement of funds and shares, thereby giving a client ability to take prompt
action
 Multiple trading platforms: Transact with utmost convinience using a
choice of platforms - Internet, Mobile, LITS (Low bandwidth site), Branches
or Call N trade in regional languages.
 Powerful Tools: Based on Web 2.0 and Ajax based technology, the portal
offers the ability to Personalise, Manage, Customise and Share. Ingenious
tools like Advanced Portfolio Tracker, Watchlists, Stock Alerts, Calculators,
Stock Screeners, Interactive charting, Technical Analysis etc and much more
are a popular draw with our discerning clients.

 Trusted Research: Insightful research assistance & technical views

facilitates one’s ability to take an informed trading decision. Independent
Retail Research team provides a host of reports that a client could avail of in
his/her course of transactions.
 Safety and Security: HDFC securities offer the highest level of security
with a 128-bit encryption technology.
3.5 INSURANCE
(1) LIFE INSURANCE-
ICICI
ICICI Life Insurance or ICICI Prudential life insurance is a joint venture of

ICICI bank and the prudential plc which is involved in the life insurance
business in India. After LIC this life insurance secures the second position
among the largest insurances in India. It is one of the largest private insurance
companies. ICICI bank is a premier financial powerhouse whereas; prudential
plc is one of the leading international financial service groups with its
headquarters being located at United Kingdom.
The total asset that was held over by the company during 30th April 2008 is
about Rs. 30000 crore. ICICI Life Insurance was the only private life insurance
company that has received the National Insurer Financial Strength rate of AAA
according to Fitch ratings. This evidently proves that ICICI Life insurance has
the ability to meet its target towards the customers at the time of Maturity or
Claims. This has ranged itself with numerous products in order to meet the
various requirements of an Indian Customer during his/her life stage.Thus
depending on the present life stage and the requirements regarding the
insurance, plans under ICICI life insurance can be divided in to the following
four types. They are ……

 Education Insurance plans,

 Wealth creation plans,
 Premium Guarantee plans, and
 Protection plans.
HDFC -
HDFC Standard Life Insurance Company is one among the leading private
insurance companies in India. Wide range of individual as well as group
insurance schemes is offered by this insurance company. This company is a
joint venture of Housing Development Finance Corporation (HDFC)
limited and the Group Company of the standard life in United Kingdom.
HDFC is one of the top housing finance institutions in India. The percentage of
equity held by HDFC stood up to 72.38% as on 31st December 2007.
Since HDFC Standard Life Insurance is a joint venture company, it has a very
good financial expertise that is required for the management of the long term
investments of the policy holder in a safe and efficient manner. There are
various solutions for both individual as well as group that can be customized
easily according to the requirements. A complete flexibility along with the low
charging structure is offered under group solutions of this life insurance
company.
The track record of HDFC Standard Life Insurance is as follows. The gross
premium income according to 31st march 2008 was about Rs.4859 crores and
the premium income of new business was about Rs.2685 crores. Over 9, 59,000
lives were covered under the various insurance plans of this insurance company
by the end of 31st march 2008.
The various plans under the Protection plans of HDFC Standard Life Insurance:
i) HDFC Term Assurance plan,

ii) HDFC Loan cover term assurance plan and

iii) HDFC home loan protection plan.
These helps are actually launched to ensure of the financial independence of the
family in case of any unfortunate death or critical illnes
(2) HEALTH INSURANCE-
ICICI-
The ICICI Lombard Group Health Insurance is an insurance cover to a group

with some common qualities. The group may be of the employees or the
companies, members of any association or club or any co operative society.
There are certain employers which provide the medical insurance to their staffs.
The ICICI Lombard Group Health Insurance has certain beneficiary features
such as:
• The premiums paid under groups insurance are less than a standard single
personal insurance policy.
• The discounts offered on this type of group insurance depend on the size of the
group.
• The group insurance is a fast and effective means to extend cover against risks
to a large mass of population.
• These types of groups insurance are tools to cross sell the different products to
different members of the group.
• The products of such insurance can be customized according to the size of the
group.
• The group insurances are flexible and render more benefits.

• Certain additional benefits are also available on loading of extra premium

charges.
HDFC
HDFC ERGO, one of the leading general insurance companies in the private
sector has come up with Health Suraksha Policy. This policy has been designed
to offer optimum insurance coverage for medical treatment. This policy covers
all the pre and post hospitalization costs at a premium that is very affordable.
The main features of the policy are as follows:
a. This policy offers superb health coverage at an affordable fee.
b. Individual and group health insurance policies are also available.
c. This is one such policy that also offers bonus to the insured for every claim
made in a single year.
d. This policy even offers coverage regarding the cost that is incurred during
health check-up.
e. The policy holders are eligible to avail cashless claim service in the country
in more then 4200 medical centers. This shows that the company has made a
strong network of some renowned hospitals so as to help the insured to get
adequate health care.
f. The holders of HDFC ERGO Health Suraksha policy are eligible to income
tax rebate under section 80D of the Indian Income Tax Act.
g. All the claim procedures are easy and the documentation job is also very
less in this policy.
(3) TRAVEL INSURANCE-
ICICI
The ICICI Lombard Individual Overseas Travel Insurance is a comprehensive

travel insurance policy which covers the unexpected medical and non medical
expenses when the insurance holder is travelling abroad. It also covers the
benefits like loss or delay of baggage or cashless hospitalization all over the
world.
The key benefits of ICICI Lombard Individual Overseas Travel Insurance are:
 It includes cashless hospitalization facility all around the world.

 It also makes the customers avail quality health care through their
collaboration with the United Health Care Group.
 No medical checkup is required along with this insurance.
This insurance policy also covers the medical emigration costs back to
India.
 The eligibility of ICICI Lombard Individual Overseas Travel Insurance is
from 1 year to 70 years.
 The policy duration is that it covers short trips of 7 days to 180 days and can
even be extended.
 The maximum policy is US $ 50,000 to US $ 100,000.
 The premium of this policy is payable on per day basis but not in slabs. The
EMIs can be paid without any extra charge on ICICI Bank, HDFC bank,
Citibank credit cards.
 There is a sum of money to be deducted or Policy Excess of US $ 100. This
means for any claim the first $100 are to be submitted by the insured.
 The additional coverage of this insurance policy includes dental treatment,
medical evacuation, repatriation, baggage, interruption, trip cancellation etc.
HDFC
The HDFC ERGO Travel Insurance renders the customer and his or her family
with medical, financial and other assistance during any emergency or outward
circumstances while going for an international trip. The ravel insurance is

applicable for all like, business traveler; leisure traveler etc. with this insurance
the traveler is safe as it not only takes care of the traveler but also of the
baggage, passport, medical emergency etc.
The main features of HDFC Travel Insurance are:
 The policy is available for all ages starting from 3 months age to 70 years
age.
 The entry ages for the policy are - Single Trip: 6 months to 70 years, Annual
Multi Trip: 18 years to 70 years , Family Floater: 3 months to 60 years and
Single Trip Asia Excluding Japan: 6 months to 70 years.
 In this policy the travel plan provide to cover the travel trips short of 4 days
to a longer one.
 To get this policy the applicant will not have to go through any medical
examination.
 The travel assistance even on international travels is assured for 24*7.
 Low cost optimum coverage charges are available in this policy.
 In this policy the option of online purchase is also available.
(4) HOME INSURANCE---
ICICI -
A home is a place, which provides you the warmth and peace that one looks
forward to at the end of a hard day's work. However, our home can also be
threatened with burglary, damages caused by natural and man-made disasters.
To secure your home of any threat, it offers you Home Insurance Policy, which
will provide security to the structure and/or contents of your home against
unforeseen calamities.
SOME KEY BENEFITS ARE AS FOLLOWS

 Comprehensive cover available, which covers both structure and / or

contents of your home
 Coverage up to 5 years for contents and 10 years for structure
 Cover against Fire and allied perils, Burglary & Theft and Optional cover for
Terrorism and Additional expenses of rent for alternative accommodation
 Buy Online through ICICI Bank Credit card and pay in installments without
any extra charges.
HDFC -
FEATURES-
 Complete Protection: Avail of protection for both your home and its
contents
 Optional cover: Along with extensive coverage, a low cost optional cover
for burglary, including theft and larceny is also offered.
 Premium discounts: One can avail of a premium discount 15% for security
features at your home
 Minimum Documentations: Minimum & uncomplicated documentation
required for this policy.
(5)MOTOR INSURANCE-
(i) ICICI CAR INSURANCE-
A comprehensive Car Insurance policy for your car that keeps it secure against
damage caused by natural and man-made calamities, including acts of terrorism.
Avail of Own Damage, Personal Accident and Liability cover all in one policy.
Car Insurance in India is governed by the India Motor Tariff, so the coverage
for your vehicle would be the same no matter which company you would buy it
from. Moreover, Car Insurance is mandatory and needs to be renewed every
year. So choose the best car insurance company in India.

KEY BENEFITS-
 A digitally signed policy is issued immediately through our online

facility.
 Access to over 2700+ network garages for cashless claims servicing
across India.
 Optional Personal Accident cover of up to Rs.2 Lakhs for co-passengers.
 Doorstep surveyor facility to cover your car with a break-in insurance.
 Avail NCB on renewals if no claim is made during the previous policy
period.
 Towing charges up to Rs.1,500 in case of accidental damage (as per the
policy terms and conditions).
 Transfer all No Claim Bonus (NCB) benefits when shifting your motor
insurance policy to ICICI Lombard GIC Ltd.*
 5% discount for recognised Automobile Associations Membership.
 2.5% discount for ARAI approved anti theft device in your vehicle.
 Avail add-on covers for items such as fog lights, music system and seat
covers.
 Buy Online and pay in installments without any extra charge.
(ii) ICICI TWO WHEELER INSURANCE-
A comprehensive Two Wheeler Insurance policy for your two-wheeler that
keeps it secure against damage caused by natural and man-made calamities,
including acts of terrorism. Avail of Own Damage, Personal Accident and
Liability cover all in one policy.
KEY BENEFITS -
 A digitally signed policy is issued immediately through our online

facility.

 Access to over 2700+ network garages for cashless claims servicing

across India.
 Optional Personal Accident cover for co-passengers
 Avail NCB on renewals if no claim is made during the previous policy
period.
 Transfer all No Claim Bonus (NCB) benefits when shifting your motor
insurance policy to ICICI Lombard.*
 5% discount for recognised Automobile Association's Members
 2.5% discount for ARAI approved anti theft device in your vehicle.
 Avail add-on covers for electrical and non-electrical items.
 Buy Online and pay in installments without any extra charges.
HDFC COMMERCIAL VECHILE INSURANCE
Protecting and maintaining commercial vehicles is critical to ensure that daily

operations within your business run smoothly. The insurance policy provides
coverage for any accidental losses or legal liabilities involving your commercial
vehicles. Here are some of the features of the policy:
 Large network: Cashless Claim Service over 1600+ authorized network of

garages across India.
 Emergency assistance: This policy also provides services such as towing,
ambulance, claims assistance should your commercial vehicle undergo any
severe accident.
 Types of vehicles covered: HDFC ERGO provides covers to various classes
of commercial vehicles such as goods carrying vehicles - both private and
public carriers, trailers, passenger carrying vehicles, miscellaneous & special
types of vehicles.

 Customer support: Avail of comprehensive customer support through the

HDFC ERGO’s 24x7 toll free helpline number, along with a simple claims
procedure.
PRIVATE CAR INSURANCE-
Secure your prized vehicles with the HDFC ERGO Private Car Insurance
Package Policy. You can avail a host of discounts and cashless claims. Here are
some of the features of the policy:
 Cashless Claim Service: Cashless Claim Service over 1600+ authorized
network of garages across India.
 Discounts: Benefit from a range of discounts offered on the HDFC
ERGO Private Cars Insurance policy, such as Automobile Association
Discount and discounts based on age and profession.
 Online convenience: Take maximum advantage
of buying and renewing the policy online.
3.6 DEMAT ACCOUNT
ICICI -
ICICI bank provides demat account for its customers those who are willing to
take part in the Indian stock market by investing there. The bank features a wide
range of demat facilities of which the ICICI demat account is the initial part.
Besides this ICICI demat account also facilitates some other features like:
• Transaction statement – Counter party, transaction type, specific date range.

• Bill details.
• ISIN look up – Information on the face value and the status value of the ISIN.
• Settlement calendar- Information regarding pay in and pay out date.
• Status on request.
• Customer ledger.

• E-instructions.
• Mobile alerts.
• TIFD and IDT booklets on request.
• Personal details – Clients name and address holders name, account type and
details.
• No charges for opening DP required.
HDFC-
The HDFC bank has over eight lakh demat accounts across India. HDFC Demat
offers you convenient and secure services to manage your investments and
securities. The HDFC demat offers you paperless services as the physical
documents may lose or damaged over time. The HDFC Demat account allows
you to make hassle free transactions online. There are different types of HDFC
demat accounts such as Individual demat account, joint demat account and
corporate demat accounts.
Benefits
The HDFC Demat has the following benefits,
 Transfer of securities does not have any stamp duty.

 Market lots concept does not exist
 The refunds from Public Issue are automatically credited to your account.
 Your liquidity is enhanced by shorter settlements.
 All the transaction details are communicated through email
 All the holding details can be viewed online at any time
 Change of signature or address can be made through online easily
 Off market transactions and traded securities are settled

3.7 WEALTH MANAGEMENT
ICICI
An ICICI Bank Wealth Management service has helped a large number of

customers to manage their funds more efficiently. If you need some wealth
management help then the professionals of this reputed bank can work with you
to develop the best available wealth management portfolio. The bank further
offers a wide array of wealth management products and solutions that enables
the customers to fulfill their financial requirements. These products and services
are aimed to provide immediate results. Being a unique customer of ICICI Bank
wealth management, one can enjoy a special banking experience and feel a
sense of privilege.
ICICI Bank wealth management solutions include fast access to ATMs, Money
Multiplier services, investment planning, portfolio construction and a range of
other privileges. The investment process of the bank begins with understanding
of the customers. The wealth management professionals of the bank make a
thorough study of the financial background of the customers, risk tolerance,
existing investment pattern and investment objectives to make the best
approach. Moreover, they make an extensive risk profiling exercise that helps
them to evaluate the risk appetite and get a better understanding of their
investment objectives.
HDFC
The wealth management programme will cater to individual needs taking into
account various factors such as customer's age, financial goals and risk profile.
The investment options offered include equity, mutual funds and debt
instruments such as RBI Relief Bonds and government securities. Said Aditya
Puri, managing director, HDFC Bank: "The extension of this programme to a

wider base of customers fits in perfectly with our objective of providing value
by making exclusive services more accessible."
The basic product under the new offering for customers includes a net-based
product which will track a portfolio for any amount for an annual fee of Rs
10,000. The bank has also launched an SMS-based product, which would not
track any portfolio, but offer customers daily market news related to both equity
and debt.They were also entitled to preferential treatment, with regard to the
bank's various products. This was in the form of better rates for products such as
loan against shares or mutual funds. They were also entitled to better deals on
products of HDFC group companies such as housing loans from HDFC or
equity broking services from HDFC Securities.
CHAPTER 4: COMPARASION
4.1 DIFFERENCE BETWEEN HDFC AND ICICI
a) HDFC designs its products for a niche market while ICICI markets to all
customers.
b) HDFC has enjoyed the highest growth rate of banks in India at 30% pa
whereas ICICI’s growth varies over the years.
c) The PE ratio for HDFC (19%) is higher than that of ICICI (11 %.).
d) ICICI more branches and ATM over the country than does HDFC making it
more accessible to clients.
e) Both banks differ in their selected ways of raising equity.
f) ICICI has an internet banking platform that is by far superior to that of
HDFC.
g) HDFC’s NPA is 0.2% while ICICI has NPA’s at 2.7% for advances.

4.2 HDFC Bank vs. ICICI Bank: Indian Banks Compared………

HDFC and ICICI are major financial and banking services organizations in
India. HDFC stands for Housing Development Finance Corporation and ICICI
is the Industrial Credit and Investment Corporation of India. It was in the 1990’s
that the government of India decided upon a policy of liberalization under the
leadership of Narsimha Rao. This policy allowed private banks to become
established in India although small in number. The first among these banks was
Global Trust Bank after which various others like Axis Bank, HDFC Bank and
ICICI Bank emerged. This gave a boost to the banking sector in
India…………..
ICICI Bank
ICICI is the largest private sector bank and 2nd largest bank overall in India. It
was formerly known as Industrial Credit and Investment Corporation of India.
The bank has its presence all over India and even abroad (Present in 18
countries) with more than 2000 branches and over 5000 ATM’s. It provides a
host of banking services to both corporate and retail customers apart from being
fairly successful in life insurance (ICICI Prudential), venture capital (ICICI
Direct) and asset management. It is the largest home loan provider in the
country. ICICI ranks number one in providing credit cards in India. ICICI has a
strong presence overseas and has offices in 19 countries. ICICI has been
notorious in employing goons for recovering its loans from defaulters and has
been pulled by different courts and consumer forums in this regard.
As far as differences between the two banks are concerned, both are equally
popular employing cutting edge technologies though ICICI seems to be ahead in
aggressive branding having Amitabh Bachchan as its brand ambassador.

HDFC Bank Ltd.
HDFC was among the first private sector banks set up in India after RBI
allowed their establishment in 1994. It was promoted by Housing Development
Corporation of India, and is still known as HDFC Bank. It was founded by Bibu
Verghese and its headquarters are in Mumbai. As of 2010, its operating incomes
were $958 million and profit stood at $658 million. Times Bank Limited, and
Centurion Bank of Punjab have merged with HDFC Bank since then, increasing
the assets of the Bank. Today HDFC has a Pan Indian presence with over 1700
branches and over 5000 ATM’s.
4.3 STRUCTURE OF ICICI AND HDFC BANK

Attributes ICICI Bank HDFC Bank
Business Loans,Loan Against

Business Business Loans,Loan Against Deposit,Professional
Deposit,Professional Loan,Project Finance,Term
Loans Loan,Project Finance,Term Finance,Trade Finance
Finance,Trade Finance
Corporate Credit Card,Credit Card,Debit Card,E-Shop Corporate Credit Card,Credit Card,Debit

Cards Card,Loyalty Cards,Remittance Card,Travel Currency Card,E-Shop Card,Loyalty Cards,Meal
Card Card,Travel Currency Card
Current Account,Demat Account,Fixed Deposit

Account Current Account,Demat Account,Fixed Deposit
Account,Recurring Deposit Account,Saving
Types Account,Recurring Deposit Account,Saving Account
Account
Bank Type Private Private
Agricultural Loan Schemes,Commercial Vehicle Commercial Vehicle Loan,Consumer Goods

Personal
Loan,Consumer Goods Loan,Educational Loan,Four Loan,Educational Loan,Four Wheeler
Loans Wheeler Loan,Home Improvement Loan,Housing Loan,Home Improvement Loan,Housing Loan,
Loan,Loan Against Deposit,Loan Against Gold,Loan Against Deposit,Loan Against Gold,Loan

Against Property,Loan Against Share,Loan Against Against Property,Loan Against Share,Loan

Vehicle,Personal Loan,Two Wheeler Loan Against Vehicle,Personal Loan,Two Wheeler
Loan
Business Monday to Friday-9:00am-4:00pm, Saturday-9:00am- Monday to Friday-9:30am-4:00pm, Saturday-

Hours 1:00pm 9:30am-12:30pm
Investment Bonds,Equity,Fixed Deposit,Flexible Bonds,Equity,Fixed Deposit,Flexible

Products Deposit,Insurance,Mutual Fund,Stock Invest Deposit,Insurance,Mutual Fund,Stock Invest
Card To Card Money Transfer,Currency

Card To Card Money Transfer,Currency
Exchange,Demat Services,Direct Tax
Exchange,Demat Services,Direct Tax
Payment,Electronic Clearing Service,Locker
Payment,Electronic Clearing Service,Mobile Phone
Facility,Mobile Phone Banking,Multi City
Services Banking,Multi City Cheque Facility,Net
Cheque Facility,Net Banking,Personal Tax
Banking,Pension Disbursement,Personal Tax Assistance
Assistance & Investment,Portfolio
& Investment,Portfolio Management,Retail Sale Of Gold
Management,Traveler's Cheque,Wealth
Coin,Wealth Management Service
Management Service
4.4 Similarities and Differences
ICICI Bank
1) ICICI is Industrial credit and Investment Corporation of India.
2) ICICI bank was setup with an objective of providing middle and long
term financing to businesses in India.
3) ICICI bank is the third largest bank in India.
4) The bank has a network of 2,016 branches (31 March 2010) and more
than five thousand ATM machines in India.
HDFC Bank
1) HDFC stands for Housing development finance Corporation.
2) HDFC Bank was established in 1994 by India’s largest housing finance
company- HDFC Ltd.
3) In January 1995 it started operating as a scheduled commercial Bank.

4) Revenue of 20,266.99 crore and profit of 3032.92 crore (2010).

5) HDFC Bank has 1,725 branches and more than four thousand ATM
machines installed, in over seven hundred cities in India.
4.5 ICICI BANK vs HDFC BANK (Bank results season) – India

Earnings Season 2012
With HDFC Bank reporting renewed confidence in growth and a global mantra
of 30% growth successfully met in a quarter of low expectations when ICICI
Bank and SBI report tomorrow and the weekend respectively we would also
have the acceleration from a lowered provision, ICICI Bank expected to
continue reporting a credit growth of 18-20% and a 50% jump in Net profit to
$375 million for the quarter too.
4.6 Indian Banks HDFC vs ICICI
HDFC and ICICI are two names that stand apart among others when we talk of
private sector banks in India. Both are fairly successful banks giving stiff
competition to government banks. The reason of their success lies in the fact
that both have introduced a greater efficiency of services and also host of new
services that were demanded by consumers.

Difference between HDFC and ICICI
• HDFC has a niche market while ICICI is all over the place.
• HDFC has an unmatched growth record at 30% while ICICI has had
swings on this front.
• On a price to adj book basis ICICI trades at 2 times while HDFC trades
at 4.5 times.
• ICICI has a lower PE ratio than HDFC. PE ratio of HDFC is at 19, that
of ICICI stands at 11%.
• Reach of ICICI bank and ATM’s is much more than HDFC.
• There is a huge difference in raising of equity in the two banks.
• ICICI Net banking is far superior than that of HDFC.
• HDFC has low NPA’s at 0.2% of advances while ICICI has NPA’s at
2.7% of advances.
4.7 HDFC vs. ICICI as investment options
The times have never been more challenging for the top two private sector
banks — ICICI Bank and HDFC Bank. Their stocks have underperformed the
Sensex since the start of the market meltdown in January '08. The recent interest
rate hike by the RBI indicates that the going can be much tougher in the coming
quarters. ET Intelligence Group compares the performance of both banks and
evaluates the prospects of investing in them.

PERFORMANCE
HDFC Bank reported over 30 per cent y-o-y growth in net profit in the June '08
quarter. The stability in earnings growth of HDFC Bank is much higher than
that of ICICI Bank. The gap in the profit growth between the two banks was not
high till the March '08 quarter. But ICICI started showing signs of a slowdown
in its retail loan book in the March '08 quarter itself. This was evident as HDFC
Bank posted a growth of 39 per cent in its retail advances in FY08, while ICICI
managed to grow its retail advances by only 15 per cent (before securitization).
This shows that only better expense management helped ICICI to post high
profit growth in the quarter ended March '08.

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Comparative study of ICICI bank & HDFC bank 2019

CHPTR SUB TOPIC NAME PAGE

CH 2 INTRODUCTION AND OBJCTIVES

CH 3 SERVICES PROVIDED BY ICICI & HDFC

CH 4 COMPARASION BETWEEN ICICI & HDFC

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Ch 5 ANNEXURES & QUESTIONNAIRE

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1.1 EXECUTIVE SUMMARY

HDFC was established in 1994 by India’s largest housing finance company-

1.2 OBJECTIVE OF STUDY

Moody's Analytics is a subsidiary of Moody's Corporation established in 2007

"Moody's expects to position the standalone credit assessments of most banks

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 The HDFC plan is more preferable to old age group people.

Com(banking & insurance) Page 5

CHAPTER1: INTRODUCTION OF BANK

1.1 What is a Bank?

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those seeking funds, such as individuals or businesses needing loans. A bank is

Banks distribute the medium of exchange. Banking is a business. Banks sell

1.2 History of Indian Bank

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CHAPTER 2: INTRODUCTION & OBJECTIVES

2.1 INTRODUCTION ON ICICI & HDFC BANK

Banking is the backbone of a modern economy. Health of banking industry is

of individual customers and encourage their savings, includes payment of utility

ICICI Bank Ltd. is an Indian diversified financial services company

ICICI (INDUSTRIAL CREDIT AND INVESTMENT CORPORATION OF

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ICICI Bank is India's second-largest bank with total assets of Rs.3,663.74

HDFC Bank was incorporated in Aug. 1994 and promoted by Housing

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services facilitating on-line accounting and banking services to SMEs (Small

ICICI Bank was originally promoted in 1994 by ICICI Limited, an Indian

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HDFC Bank was incorporated in 1994 by Housing Development Finance

2.3 OJECTIVES, FEATURES, FUNCTIONS AND GOAL

Broad objectives of the ICICI are:

 to assist in the creation, expansion and modernization of private concerns;

The functions of the ICICI-

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 It participates in the equity capital of the industrial concerns.

The features of ICICI-

 The financial assistance as provided by the ICICI includes rupee loans,

each year by 1 percentage point in order to maximize shareholder value,

Primary objective is to enhance residential housing stock in the country through

 Develop close relationships with individual households.

2.4 ORGANISATIONAL STRUCTURE

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to overall organizational objectives. The organization structure is divided into

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2.5 SWOT ANALYSIS

1) ICICI Prudential is No. 1 private life player in India

1) Tie up with more corporate agents all over India.

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1) Threat from existing life insurance players

1) First private life insurance company who got license by IRDA .

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1) less number of branches compare to nearest competitors

1) Insurable population: According to IRDA only10% of the population is

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