ICICI Bank

BYTEJAS TREHAN & SANDEEP KUMAR

INDEX
Overview
History Board Members Awards & Recognitions ICICI Bank Mobile Banking Banking Features Phone Banking Anywhere Banking Smart Money Order Citizen Saving Scheme 2004 Bill Payment

Balance Transfers
Prepaid Mobile Recharge iMobile Investments Bonds Mutual Funds ICICI Bank Pure Gold Foreign Exchange Services Senior Citizens Savings Scheme, 2004

Overview
Type: Private, BSE & NSE, NYSE Founded:1955 (as Industrial credit and Investment corporation of India) Headquarters:ICICI Bank Towers,Bandra Kurla Mumbai, India

Industry:Insurance Capital Markets and allied industries

Products:Loans, Credit Cards, Savings, Investment vehicles, Insurance etc.
Revenue : USD 5.79 billion

Total assets: Rs. 3793.01 billion (US$ 75 billion) at March 31, 2010.
Website: www.icicibank.com

History
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.

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.
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. 2002 The Boards of Directors of ICICI and ICICI Bank approved the reverse merger of ICICI, ICICI Personal Financial Services Limited and ICICI Capital Services Limited, into ICICI Bank. After receiving all necessary regulatory approvals, ICICI integrated the group's financing and banking operations, both wholesale and retail, into a single entity. Also in 2002, ICICI Bank bought the Shimla and Darjeeling branches that Standard Chartered Bank had inherited when it acquired Grindlays Bank. ICICI started its international expansion by opening representative offices in New York and London.

History
2003 ICICI opened subsidiaries in Canada and the United Kingdom (UK), and in the UK it established an alliance with Lloyds TSB. It also opened an Offshore Banking Unit (OBU) in Singapore and representative offices in Dubai and Shanghai. 2004 ICICI opens a rep office in Bangladesh to tap the extensive trade between that country, India and South Africa. 2005 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. ICICI renamed the bank ICICI Bank Eurasia. Also, ICICI established a branch in Dubai International Financial Centre and in Hong Kong. 2006 ICICI Bank UK opened a branch in Antwerp, in Belgium. ICICI opened representative offices in Bangkok, Jakarta, and Kuala Lumpur. 2007 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. ICICI also received permission from the government of Qatar to open a branch in Doha. ICICI Bank Eurasia opened a second branch, this time in St. Petersburg. 2008 branch. The US Federal Reserve permitted ICICI to convert its representative office in New York into a

Board Members
Mr. K. V. Kamath, Chairman Ms. Chanda 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

Awards & Recognition

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 branch free 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 Warren test. ICICI Bank is ranked 2nd amongst 57 savings products across 19 banks ICICI Bank Germany won the yearly banking test of the investor magazine uro in the call money "category.

Awards & Recognition

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 longstanding support to this unique training centre for people who are deaf-blind.

ICICI Group

ICICI Lombard General Insurance Company

ICICI Lombard is a 74:26 joint venture between ICICI Bank Limited, Indias second largest bank with USD 75 billion in assets and Fairfax Financial Holdings Limited, a Canada based USD 27 billion diversified financial services company engaged in general insurance, reinsurance, insurance claims management and investment management. ICICI Lombard is the largest private sector general insurance company in India with a Gross Written Premium (GWP) of Rs. 34,198.4 million for the year ended March 31, 2010.

The company presently has around 4,777 employees in 357 branches.

In the financial year ended March 31, 2010, the company issued over 4 million policies and serviced over 33 lakh claims. . ICICI Lombard allows instant policy issuance and renewal through its website www.icicilombard.com for all retail insurance products including Car Insurance, Health Insurance, Travel Insurance, Two Wheeler Insurance and Home Insurance.

ICICI Prudential Life Insurance Company

It began its operations in December 2000 after receiving approval from Insurance Regulatory Development Authority (IRDA).

ICICI Prudential Life Insurance Company is a joint venture between ICICI Bank - one of India's foremost financial services companies-and Prudential plc - a leading international financial services group headquartered in the United Kingdom.
Total capital infusion stands at Rs. 47.80 billion, with ICICI Bank holding a stake of 74% and Prudential plc holding 26%. Today there are of 2074 branches (inclusive of 1,116 micro-offices), over 225,000 advisors; and 7 banc assurance partners.

. For three years in a row, ICICI Prudential has been voted as India's Most Trusted Private Life Insurer, by The Economic Times

ICICI Securities

ICICI Securities Ltd is an integrated securities firm offering a wide range of services including investment banking, institutional broking, retail broking, private wealth management, and financial product distribution. ICICI Securities sees its role as 'Creating Informed Access to the Wealth of the Nation' for its diversified set of client that include corporates, financial institutions, high net-worth individuals and retail investors.

Headquartered in Mumbai, ICICI Securities operates out of 66 cities and towns in India and global offices in Singapore and New York.

Key Recent Deals

In FY2010, ICICI Securities has helped companies raise ~ US$ 1.86 billion through QIPs and IPOs.

ICICI Venture

ICICI Venture is a subsidiary of ICICI Bank, the largest private sector financial services group in India. ICICI Venture is one of the largest and most successful private equity firms in India with funds under management to the tune of USD 2 billion. ICICI Venture, over the years has built an enviable portfolio of companies across sectors including pharmaceuticals, Information Technology, media, manufacturing, logistics, textiles, real estate etc thereby building sustainable value.

ICICI Securities Primary Dealership

One of the first entities to be granted Primary Dealership license by RBI, I-Sec PD has made pioneering contributions since inception to debt market development in India.

ICICI Securities Primary Dealership Limited is an acknowledged leader in the Indian fixed income and money markets, with a strong franchise across the spectrum of interest rate products and services institutional sales and trading, resource mobilization and research.
I-Sec PD has been recognized as the Best Domestic Bond House in India by Asiamoney for 2002, 2004, 2005 and 2007. It has also been awarded the prestigious Best Bond House by Financeasia.com for the years - 2001, 2004, 2005, 2006, 2007 and 2009. It was also awarded as the Best Domestic Bond House 2009 by AAA Asset Asian Awards.

ICICI Prudential AMC & Trust

ICICI Prudential Asset Management Company Ltd. is a joint venture between ICICI Bank, Indias second largest commercial bank & a well-known and trusted name in the financial services in India, & Prudential Plc, one of the United Kingdoms largest players in the financial services sectors. In a span of just over 12 years, the company has forged a position of preeminence as one of the largest Asset Management Companys in the country, contributing significantly towards the growth of the Indian mutual fund industry. Our Average Assets under Management (AAUM) as on Mar 2011 Month-end in Mutual Fund Schemes stood at Rs. 73551.95 Crores. As an Asset Management Company, it has over 15 years of experience and are currently managing a comprehensive range of schemes of more than 46 Mutual funds and a wide range of PMS Products for our investors, spread across the country. It has over 160 branches and a distribution reach of over 42,000 channel partners.

Mobile Banking

Benefits Of Mobile Banking

Use your mobile phone to effect transactions and check accounts Operate your Bank Account, Credit Card and Demat account Apply for bank relationships using your mobile phone. You can also query the account for a wide range of information that you usually want on a regular basis.

Banking Features
Balance Enquiry and Statement Transaction History Card-2-Card Fund Transfer Use your Debit Card Online Pre-paid Mobile Recharge Send a Smart Money Order Open Fixed Deposits and Recurring Deposits Order a Demand Draft/Pay Order Subscribe for Mobile Banking Request a Cheque Book Stop Payment Request Request a Debit Card Re-issue/Upgrade of ATM/Debit Card Link Bank Accounts to ATM/Debit Card Renewal/Premature Closure of FD/RD De-block/Activate ATM/Debit Card Request a Duplicate Physical Bank Statement Secure Mailbox

Phone Banking

A user friendly automated service menu offers you convenient access to your account coupled with security as, all your transactions are protected by a ATM Pin
Self Phone Banking (IVR) access Mechanisms are as follows: For Deposits -The customer would need to key-in his ATM/Debit Card Number and its corresponding ATM PIN. For Credit Cards -The customer would need to key-in his 16 digit Card Number and its corresponding ATM PIN. For Demat Account Holders -The customer would need to key-in his 14 Digit Demat Account Number and its TPIN. For Bond Account Holders -The customer would need to key in his Bonds holder Number only.

Anywhere Banking

ICICI Bank is the second largest bank in the country. It services a customer accounts through a multi-channel access network. This includes branches and extension counters, ATMs, Call Centre and Internet Banking . Thus, one can access the various services ICICI Bank has to offer at anytime, anywhere and from anyplace.

Smart Money Order

Smart Money Order is a unique service that allows you to send a money order anytime and to any destination in India.

Salient features of the facility are as under: All Retail Internet Banking Customers can use this facility. Money is delivered at the receiver's doorstep. Easiest way to send money to your near and dear ones anywhere in India. Receiver need not hold a bank account. No need to handle physical cash. No need to visit the Post Office to send a money order. Service is available 24 X 7 X 365.

Bill Payment

ICICI Bank Internet Banking and ICICI Bank Debit Card are the most convenient channel to manage and pay your bills anytime, anywhere. No more hassles of writing cheques or standing in queues to pay bills. ICICI Bank has tied up with major organizations across the country to facilitate payment of bills for Utility Companies (Electricity and Telephone) Bills, ICICI Bank credit card, Mobile Phone and Insurance Premium bills.

Balance Transfers

ICICI Bank's Balance Transfer allows you to clear any outstanding balances of any other bank's credit card using your ICICI Bank Credit Card.

Benefits of Balance Transfers:

Save on interest cost interest as low as 0%! Easy process for transfer Choice of Pay Back options in easy EMIs Convenient tenures - 6 months, 12 or 24 months.

Prepaid Mobile Recharge

Recharge your Prepaid Mobile from the comfort of your home or office, anytime, anywhere with Prepaid Mobile Recharge Facility on ICICIBank.com. Now you no longer need to rush to the vendor for buying recharge codes, every time your talk time runs out. Just top-up your prepaid mobile cards by logging in to Internet Banking on ICICIBank.com.

iMobile

iMobile is a breakthrough innovation in banking where practically all internet banking transactions can now be simply done on mobiles phones. Customers can now transfer funds to ICICI and Non ICICI Bank accounts just with the click of their mobile. The application covers Savings bank, Demat, Credit Card and Loan accounts. Customers can also pay their utility bills and insurance premium through this facility. ICICI Bank offers this facility free of charge to customers.

Investments
At ICICI Bank, we care about all your needs. Along with Deposit products and Loan offerings, ICICI Bank assists you to manage your 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: ICICI Bank Tax Saving Bonds Government of India Bonds Investment in Mutual Funds Initial Public Offers by Corporate

Investment in "Pure Gold

Foreign Exchange Services Senior Citizens Savings Scheme, 2004

Bonds

All ICICI Bank Bonds 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 up to March 2005 are eligible for tax rebate under Sec 88 to the full extent possible Bonds are listed on BSE, NSE

Mutual Funds

Type Of Mutual Funds Sold:

Debt: Liquid schemes, Income schemes, G-sec schemes, Monthly Income Schemes etc. Equity: Diversified Equity Schemes, Sector Schemes, Index Schemes etc. Hybrid Funds: Balanced Schemes, Special Schemes - Pension Schemes, Child education Schemes etc.

ICICI Bank Pure Gold

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 Availability of an organized avenue to satisfy that need, by taking care of the two key components Reliability and Convenience. 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.

Foreign Exchange Services

Traveling abroad? Your search for Forex ends here

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. Smooth journeys begin at ICICI Bank's Foreign Exchange Services

Senior Citizen Saving Scheme 2004

Scheme Details:
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).

Citizen Saving Scheme 2004

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, Post Dated Cheques will be sent to Investor every year. Account Statement containing the details of Deposit Balance & transactions. Phone Banking Facility (for Queries)

CONCLUSION

ICICI Bank is the most valuable bank in India in terms of market capitalization and is ranked second amongst all the companies listed on the Indian stock exchanges. the Bank has a network of about 1308 branches and 3,950 ATMs in India and presence in 18 countries. ICICI Bank offers a wide range of banking products and financial services to corporate and retail customer 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 (BSE) and the National Stock Exchange (NSE) of India Limited and its American Depositary Receipts (ADRs) are listed on the New York Stock Exchange (NYSE).

Thank You