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A Project ON "A Study On Financial Statement Analysis of Icici Bank"

This document appears to be a project report on analyzing the financial statements of ICICI Bank. It includes the following sections: 1. The cover page provides the title of the project, name of the student, and college information. 2. A certificate section verifies that the student completed the project work under supervision. 3. An acknowledgment and declaration section thanks those who helped and confirms the work is original. 4. An executive summary previews the project scope and objectives of analyzing ICICI Bank's financial statements. 5. The table of contents outlines the structure of the report sections.

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vaishali Chawda
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0% found this document useful (0 votes)
404 views106 pages

A Project ON "A Study On Financial Statement Analysis of Icici Bank"

This document appears to be a project report on analyzing the financial statements of ICICI Bank. It includes the following sections: 1. The cover page provides the title of the project, name of the student, and college information. 2. A certificate section verifies that the student completed the project work under supervision. 3. An acknowledgment and declaration section thanks those who helped and confirms the work is original. 4. An executive summary previews the project scope and objectives of analyzing ICICI Bank's financial statements. 5. The table of contents outlines the structure of the report sections.

Uploaded by

vaishali Chawda
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© © All Rights Reserved
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You are on page 1/ 106

A

PROJECT

ON

“A STUDY ON FINANCIAL STATEMENT ANALYSIS OF

ICICI BANK”

SUBMITTED BY

PREETI TIWARI

ROLL NO 95

M.COM PART II (ACCOUNTANCY) SEMESTER: III

UNDER THE GUIDANCE OF

PRASANNA CHOUDHARI.

SUBMITTED TO

UNIVERSITY OF MUMBAI

RAJASHTHANI SAMMELAN’S

GANSHYAMDAS SARAF COLLEGE OF ARTS & COMMERCE

AFFILIATED TO UNIVERSITY OF MUMBAI

REACCREDITED BY NAAC WITH ‘A’ GRADE

RSET CAMPUS, S.V ROAD, MALAD (W), MUMBSI 400064.

MALAD (W), MUMBAI-400064.

MCOM-II (ACCOUNTANCY)

A.Y.2018-19
RAJASTHANI SAMMELAN’S

GHANSHYAMDAS SARAF COLLEGE OF ARTS & COMMERCE

AFFILIATED TO UNIVERSITY OF MUMBAI

REACCREDITED BY NAAC WITH ‘A’ GRADE

RSET CAMPUS, S.V ROAD, MALAD (W), MUMBAI 400064

A.Y APRIL 2018-19.

CERTIFICATE

This to certify that Ms. PREETI TIWARI has worked and duly completed her Project work for
the degree of Master in Commerce under the faculty of commerce in the subject of Accounting
and her project is entitled,” A study on FINANCIAL STATEMENT ANLAYSIS OF ICICI
BANK” under my supervision.

I further certify that the entire work has been done by the learner under my guidence and that no

part of it has been submitted previously for any Degree or Diploma of any University. It is her

own work and facts reported by her personal findings and investigation.

Project Guide: Principal: Date:

External Examiner: College Seal:

Date: -
Declaration

I the undersigned miss PREETI TIWARI here by, declare that the work embodied in this project
work titled “A study on Financial statement analysis of ICICI BANK”, forms my own
contribution to the research work carried out under the guidance of MR. PRASANNA
CHOUDHARI is a result of my own research has not been previously submitted to any Degree
or Diploma of any University.Whenever reference has been made to previous works of others, it
has been obtained and presented in accordance with academic rules and ethical conduct.

Signature

(Miss Preeti Tiwari)

Certified by

Signature of guiding teacher

(Mr. Prasanna Choudhari)


Acknowledgment

To list who all have helped me is difficult because they are so numerous and the depth is
so enormous.

I would like to acknowledge the following as being idealistic channels and first
dimensions in the completion of the project.

I take this opportunity to thank the University of Mumbai for giving me chance to do
this project.

I would like to thank my Principal , BHAVNA VAIDYA for providing the necessary
facilities required for completion of this project.

I take this opportunity to thank our COORDINATOR, DR.LIPI MUKHERJEE, for


her moral support and guidance.

I would also like to express my sincere gratitude towards my project guide


PRASANNA CHOUDHARI whose guidance and care made the project successful.

I would like to thank my COLLEGE LIBRARY, for having provided various reference
books and magazines related to my project.

Special thanks to CA Ketan Jatania for his time and support for guiding me in analysis
and interpretation of financial statements of Sameul Pharmaceuticals Private Limited.

Lastly, I would like to thank each and every person who directly or indirectly helped
me in the completion of the project especially my Parents and peers who supported
me throughout my project.
EXECUTIVE SUMMARY

As a part of the MCOM course at Ghanshyamdas Saraf college, Malad , Mumbai,

project was project was undertaken at Tata Motors This project aimed at A STUDY

ON FINANCIAL STATEMENT ANALYSIS OF ICICI BANK of organization. Located at

Andheri east, Mumbai.

Academically the projects provide a unique opportunity to have an exposure to

real life business environment and to have an insight into the management

intricacies, thus helping learning to be more purpose full and meaning full.

TABLE OF CONTENT
1. Certificate
2. Declaration
3. Acknowledgement
4. Executive summary
5. Introduction 1-14
6. Company Profile 15-54
7. Research Methodology Along with Objectives 55-58
8. Use and Importance 59-60
9. Data Analysis 61-82
10. Findings 83-86
11. Suggestions 87-89
12. Conclusion 90-91
13. Limitations 92-93
14. Bibliography 94-95
15. Annexure 96-101
INDEX
Chapter. No. Particulars Pg No.

1. Introduction
1.1 Introduction 1
1.2 Existing Indirect Tax Structure in India 2
1.3 Understanding CGST, SGST, UTGST and IGST 3
1.4 GST Council - Constitution 3
1.5 Origin 3
1.6 Background 4
1.7 An Integrated Regime – Birth of an Idea 4
1.8 Significance of Goods and Services Tax 5
1.9 Impact of Goods and Services Tax 5
1.10 GST and Its Operation 8
1.11 GST Model 8
1.12 Overview of the Discussion Paper on GST 14
1.13 Details Related to Filing Returns of GST 17
1.14 Desirable Features of GSTN – An Infrastructure for GST 34
1.15 Stakeholder 35
1.16 Workflow 36
1.17 Challenges in Implementation 37
1.18 Striking Balance 39
1.19 Mission Mode Project on Commercial Taxes 40

2. Research Methodology
2.1 Region of Research 42
2.2 Objectives of the Study 42
2.3 Hypothesis 43
2.4 Scope of the Study 44
2.5 Limitations of the Study 45
2.6 Tools for Data Collection 46

3. Literature Review
3.1 Review of Authors on Goods and Services Tax 48
3.2 GST in India: A Critical Review 54

Page 1
4 Company Profile
Case Study on E-Taxexpert Solutions Private Limited 59
4.1 Introduction 59
4.2 Business of the Company 59
62

5. Data Analysis, Interpretation And Presentation


5.1 Questionnaire 63
5.2 Interpretation 66
5.2 Case Study on Manufacturing Sector 68
5.3 Study of GST in E - Commerce 70
5.4 Implementation of GST in Real Estate 71
5.5 How GST affected the Banking 72
5.6 Current Trends of Application of GST in Automobiles

6. 75
Conclusion & Suggestion

7. 78
Bibliography
8. 79
Appendix – I – Questionnaire

Page 2
INTRODUCTION
OF BANKING

INTRODUCTION OF THE TOPIC

Meaning Of Financial Statements


Financial statements refer to such statements which contains financial information about
an enterprise. They report profitability and the financial position of the business at the

Page 3
end of accounting period. The team financial statement includes at least two statements
which the accountant prepares at the end of an accounting period. The two statements
are: -

• The Balance Sheet


• Profit And Loss Account

They provide some extremely useful information to the extent that balance Sheet mirrors
the financial position on a particular date in terms of the structure of assets, liabilities and
owners equity, and so on and the Profit And Loss account shows the results of operations
during a certain period of time in terms of the revenues obtained and the cost incurred
during the year. Thus the financial statement provides a summarized view of financial
positions and operations of a firm.

Meaning of Financial Analysis


The term financial analysis is also known as ‘analysis and interpretation of financial
statements’ refers to the process of determining financial strength and weakness of the
firm by establishing strategic relationship between the items of the Balance Sheet, Profit
and Loss account and other operative data.
The first task of financial analysis is to select the information relevant to the decision
under consideration to the total information contained in the financial statement. The
second step is to arrange the information in a way to highlight significant relationship.
The final step is interpretation and drawing of inference and conclusions. Financial
statement is the process of selection, relation and evaluation.

Features of Financial Analysis


o To present a complex data contained in the financial statement in simple and
understandable form.

Page 4
o To classify the items contained in the financial statement in convenient and
rational groups.

o To make comparison between various groups to draw various conclusions.


Purpose of Analysis of financial statements
 To know the earning capacity or profitability.

 To know the solvency.

 To know the financial strengths.

 To know the capability of payment of interest & dividends.

 To make comparative study with other firms.

 To know the trend of business.

 To know the efficiency of mgt.

 To provide useful information to mgt.

Procedure of Financial Statement Analysis


The following procedure is adopted for the analysis and interpretation of
Financial statements:-

 The analyst should acquaint himself with principles and postulated of accounting.
He should know the plans and policies of the management so that he may be able
to find out whether these plans are properly executed or not.

Page 5
 The extent of analysis should be determined so that the sphere of work may be
decided. If the aim is find out. Earning capacity of the enterprise then analysis of
income statement will be undertaken. On the other hand, if financial position is to
be studied then balance sheet analysis will be necessary.

 The financial data be given in statement should be recognized and rearranged. It


will involve the grouping similar data under same heads. Breaking down of
individual components of statement according to nature. The data is reduced to a
standard form.

 A relationship is established among financial statements with the help of tools &
techniques of analysis such as ratios, trends, common size, fund flow etc.

 The information is interpreted in a simple and understandable way. The


significance and utility of financial data is explained for help in decision making.

 The conclusions drawn from interpretation are presented to the management in


the form of reports.

Types Of Financial Analysis

There are different ways of analysis the financial statements:

1. On The Basis Of Process Of Analysis

a) Horizontal Analysis: This is used when the financial statement of a number


of years are to be analyzed. Such analysis indicates the trends and the increase or
decrease in various items not only in absolute figures but also in percentage form.
This analysis indicates the strengths and weaknesses of the firm. This analysis is
also called as dynamic analysis because it also shows the trend of the business.

Page 6
b) Vertical Analysis : This is used when financial statements of a particular year
or on a particular date are analyzed. For this type of analysis we generally use
common size statements and the ratio analysis. It involves a study of quantitative
relationship among various items of balance sheet and profit and loss account.
This type of analysis is static analysis because this is based on the financial results
of one year. Vertical analysis is useful when we have to compare the performance
of different departments of the same company.

Among these two types of analysis, horizontal analysis is more useful because it
brings out more clearly the trends of working of a firm. This gives us more concrete
bases for future planning.

2. On The Basis Of Information Available

a) Internal Analysis: This analysis is based on the information available to the


business firm only .Hence internal analysis is made by the management. Internal
analysis is more reliable and helpful for financial decisions.

b) External Analysis : This analysis is made on the basis of published


statements, reports and information’s. This analysis is made by external parties
such as creditors investors, banks, financial analysis etc. external analysis is less
reliable in comparison to internal analysis because of limited and often
incomplete information.

3. On The Basis Of Number Of Firms

a) Inter-Firm Analysis: When financial analysis of two or more companies or


firms are analyzed and compared over a number of accounting period, it is called
inter-firm analysis.

Page 7
b) Intra -Firm Analysis: intra-firm analysis is concerned with the analysis of
financial performance of different units or departments or segments of the same
enterprise or company. Similarly when financial statements of two or more years
of the same firm are analyzed and compared it is also called as intra-firm analysis.

4. On The Basis Of Objectives

a) Accounting Analysis: Accounting analysis is analysis of past financial


performance and involves examining how generally accepted accounting principles and
conventions have been applied in arriving at the values of assets, liabilities, revenues and
expenses.

b) Prospective Analysis: Prospective analysis involves developing forecasted


financial statements keeping in view the changes that are likely to shape and affect the
business given the assumptions about these changes and the limitation of the forecasting
technique used. This is quite complicated analysis.

Methods/Tools of Financial Analysis


A number of methods can be used for the purpose of analysis of financial statements.
These are also termed as techniques or tools of financial analysis. Out of these, and
enterprise can choose those techniques which are suitable to its requirements. The
principal techniques of financial analysis are:-

a. Comparative financial statements


b. Common-size statements
c. Trend analysis
d. Ratio analysis
e. Funds flow analysis
f. Cash flow analysis

Page 8
g. Break even point analysis

a. Comparative Financial Statements:

When financial statements figures for two or mote years are placed side-side to facilitate
comparison, these are called ‘comparative Financial Statements’. Such statements not
only show the absolute figures of various years but also provide for columns to indicate
to increase ort decrease in these figures from one year to another. In addition, these
statements may also show the change from one year to another on percentage form. Such
cooperative statements are of great value in forming the opinion regarding the progress of
the enterprise.

Objectives purpose or significance of comparative financial statements

1. To simplify data
2. To make inter period/inter-firm comparison
3. To indicate the trends
4. To enable forecasting
5. To indicate the strengths and weaknesses of the firm
6. To compare the performance
7. To analyses expenses
8. To analyses profits

Tools for comparison of financial statements

Comparative financial statement is a tool of financial analysis that depicts change in each
item of the financial statement in both absolute amount and percentage term, taking the
item in preceding accounting period as base.

Comparison and analysis of financial statements may be carried out using the following
tools:

Page 9
1.Comparative Balance Sheet : The comparative balance sheet shows increase and
decrease in absolute terms as well as percentages ,in various assets ,liabilities and capital.
A comparative analysis of balance sheets of two periods provides information regarding
progress of the business firm.
The main purpose of comparative balance sheet is to measure the short- term and
longterm solvency position of the business.

2. Comparative Income Statement : Comparative income statement is prepared


by taking figures of two or more than two accounting periods, to enable the analyst to
have definite knowledge about the progress of the business. Comparative income
statements facilitate the horizontal analysis since each accounting variable is analyzed
horizontally.

b. Common- Size Statements:


Common size statements are such statements in which the items of financial statements
are covered into percentage of common base. In common-size income statement, by
assuming net sales as 100(i.e %)and other individual items are converted as percentage of
this. Similarly, in common –size balance sheet ,total assets are assumed to be 100 (i.e %)
and individual assets are expressed as percentage.

Objectives of common size statements

1. Presenting the change in various items in relation to total assets or total liabilities
or net sales.
2. Establishing a relationship.
3. Providing a common base for comparison.

Page 10
Types of common size statements

1. Common-Size Balance Sheet : A common –size balance sheet is a


statement in which total of assets or liabilities is assumed to be equal to 100 and
all the figures are expressed as percentage of the total. That is why it is known as
percentage balance sheet.
Common-size balance sheet facilitate the vertical analysis since each item of the
Balance Sheet is analyzed vertically.

2. Common-Size Income Statement: Common-size income statement is a


statement in which the figures of net sales is assumed to be equal to 100 and all
other figures of “profit and loss A/c” are expressed as percentage of net sales.this
statement facilitate the vertical analysiss since each accounting variable is

Page 11
analyzed vertically. One can draw conclusion, regarding the behaviour of
expenses over period of time by examining these percentages.

c. Trend Analysis:
Trend percentage are very useful is making comparative study of the financial statements
for a number of years. These indicate the direction of movement over a long tine and help
an analyst of financial statements to form an opinion as to whether favorable or
unfavorable tendencies have developed. This helps in future forecasts of various items.
For calculating trend percentages any year may be taken as the ‘base year’. Each item of
base year is assumed to be equal to 100 and on that basis the percentage of item of each
year calculated.

d. Ratio Analysis:
Meaning: Absolute figures expressed in financial statements by themselves are
meaningfulness. These figures often do not convey much meaning unless expressed in
relation to other figures. Thus, it can be say that the relationship between two figures,
expressed in arithmetical terms is called a ratio.

“According to R.N. Anthony.”

“A ratio is simply one number expressed in terms of


another. It is found by dividing one number into the other.”

TYPES OF RATIOS

1. Proportion or Pure Ratio or Simple ratio.


2. Rate or so many Times.
3. Percentage
4. Fraction.

Page 12
OBJECTS AND ADVANTAGES OR USES OF RATIO ANALYSIS

1. Helpful in analysis of financial statements.


2. Simplification of accounting data.
3. Helpful in comparative study.
4. Helpful in locating the weak spots of the business.
5. Helpful in forecasting
6. Estimate about the trend of the business
7. Fixation of ideal standards
8. Effective control
9. Study of financial soundness.

LIMITATION OF RATIO ANALYSIS


1. False accounting data gives false ratios
2. Comparisons not possible of different firms adopt different
3. accounting policies.
4. Ratio analysis becomes less effective due to price level
5. change
6. Ratios may be misleading in the absence of absolute data.
7. Limited use of a single Ratio.
8. Window-Dressing
9. Lack of proper standards.
10. Ratio alone are not adequate for proper conclusions
11. Effect of personal ability and bias of the analyst.

CLASSIFICATION OF RATIOS

In view of the financial management or according to the tests satisfied, various


ratios have been classifieds as below:

Page 13
Liquidity Ratios : These are the ratios which measure the short-term solvency or
financial position of a firm. These ratios are calculated to comment upon the short-term
paying capacity of a concern or the firm’s ability to meet its current obligations.

Long –Term Solvency and Leverage Ratios : Long-term solvency ratios


convey a firm’s ability to meet the interest cost and repayment schedules of its long-term
obligation e.g. Debit Equity Ratio and Interest Coverage Ration. Leverage Ratios.

Activity Ratios: Activity ratios are calculated to measure the efficiency with which
the resource of a firm have been employed. These ratios are also called turnover ratios
because they indicate the speed with which assets are being turned over into sales e.g.
debtors turnover ratio.

Profitability Ratios: These ratios measure the results of business operations or


overall performance and effective of the firm e.g. gross profit ratio, operating ratio or
capital employed. Generally, two types of profitability ratios are calculated.

(a) In relation to Sales, and (b)In relation in Investment

FUNCTIONAL CLASSIFICATION IN VIEW OF FINANCIAL


MANAGEMENT OR CLASSIFICATION ACCORDING TO TESTS
Liquidity Ratios Long-term Activity Ratios Profitability Ratios
Solvency and
Leverage Ratios

Page 14
-Current Ratio Financial Inventory Turnover In Relation to
-Liquid Ratio Operating Ratio. Sales.
(Acid) Test or Composite Debtors Turnover Gross Profit Ratio.
Quick Ratio. -Debt. Equity Ratio Operating Ratio.
-Absolute liquid or Ratio Fixed Assets Operating Profit
-Cash Ratio. -Debt to Total Turnover Ratio Ratio.
-Debtors Capital Ratio Total Asset Net Profit Ratio.
Turnover Ratio -Interest Turnover Ratio Expenses Ratio In
-Creditors Turnover Coverage Ratio Working Capital relation to
Ratio -Capital Gearing Turnover Ratio. investments
-Inventory Turnover Ratio Payables Return on
ratio
Turnover Investments.
Ratio Return on capital.
Capital Employed Return on Equity
Turnover Ratio Capital.
Return on total
Resources
Earning per share.
Price Earning Ratio.

CASH-FLOW STATEMENT
A cash – flow statement is a statement showing inflows (receipts) and Outflows
(payments) of cash during a particular period. In other words, it is a Summary of sources
and applications of each during a particular span of time.

Objectives of Cash Flow Statement:

1. Useful for Short-Term Financial Planning.


2. Useful in Preparing the Cash Budget.
3. Comparison with the Cash Budget.

Page 15
4. Study of the Trend of Cash Receipts and Payments.
5. It explains the Deviations of Cash from Earnings.
6. Helpful in Ascertaining Cash Flow from various Separately.
7. Helpful in Making Dividend Decisions.

Type Private

Page 16
BSE & NSE:ICICI,
NYSE: IBN

COMPANY’S
PROFILE
Industry Banking
Insurance
Capital Markets and allied industries

Founded 1955 (as Industrial Credit and Investment Corporation of India)

Headquarters ICICI Bank Ltd.,


ICICI Bank Towers,
Bandra Kurla,
Mumbai, India

K.V. Kamath,Chairman
Chanda Kochhar, Managing Director & CEO
Sandeep Bakhshi, Deputy Managing Director
Key people N.S. Kannan, Executive Director & CFO
K. Ramkumar, Executive Director
Sonjoy Chatterjee, Executive Director

Products Loans, Credit Cards, Savings, Investment vehicles, Insurance etc.

Revenue ▲ USD 15.06 billion

Total assets ▲ USD 120.61 billion (at March 31, 2014.)

Page 17
Website www.icicibank.com

INTRODUCTION TO ICICI BANK

History of ICICI

 1955: The Industrial Credit and Investment Corporation of India Limited (ICICI)

was incorporated at the initiative of World Bank, the Government of India and

representatives of Indian industry, with the objective of creating a development

financial institution for providing medium-term and long-term project financing

to Indian businesses. Mr.A.Ramasw ami Mudaliar elected as the first Chairman of

ICICI Limited. ICICI emerges as the major source of foreign currency loans to

Indian industry. Besides funding from the World Bank and other multi-lateral

agencies, ICICI was also among the first Indian companies to raise funds from

international markets.

 1956 : ICICI declared its first dividend of 3.5%.

 1958 : Mr.G.L.Mehta appointed the second Chairman of ICICI Ltd.

 1960 : ICICI building at 163, Backbay Reclamation, inaugurated.

 1961 : The first West German loan of DM 5 million from Kredianstalt obtained.

 1967 : ICICI made its first debenture issue for Rs.6 crore, which was

oversubscribed.

 1969 : The first two regional offices in Calcutta and Madras set up.

 1972 : The second entity in India to set up merchant banking services. : Mr. H. T.

Parekh appointed the third Chairman of ICICI.


Page 18
 1977 : ICICI sponsored the formation of Housing Development Finance

Corporation. Managed its first equity public issue.

 1978 : Mr. James Raj appointed the fourth Chairman of ICICI.

 1979 : Mr.Siddharth Mehta appointed the fifth Chairman of ICICI.


 1982 : 1982 : ICICI became the first ever Indian borrower to raise European

Currency Units. : ICICI commences leasing business.

 1984 : Mr. S. Nadkarni appointed the sixth Chairman of ICICI.

 1985 : Mr. N.Vaghul appointed the seventh Chairman and Managing Director of

ICICI.

 1986 : ICICI became the first Indian institution to receive ADB Loans. : ICICI,

along with UTI, set up Credit Rating Information Services of India Limited,

India's first professional credit rating agency. : ICICI promotes Shipping Credit

and Investment Company of India Limited. : The Corporation made a public issue

of Swiss Franc 75 million in Switzerland, the first public issue by any Indian

entity in the Swiss Capital Market.

 1987 : ICICI signed a loan agreement for Sterling Pound 10 million with

Commonwealth Development Corporation (CDC), the first loan by CDC for

financing projects in India.

 1988 : Promoted TDICI - India's first venture capital company.

 1993 : ICICI Securities and Finance Company Limited in joint venture with J. P.

Morgan set up. : ICICI Asset Management Company set up.

 1994: ICICI established Banking Corporation as a banking subsidiary. Formerly

Industrial Credit and Investment Corporation of India. Later, ICICI Banking

Corporation was renamed as 'ICICI Bank Limited'. ICICI founded a separate legal

Page 19
entity, ICICI Bank, to undertake normal banking operations - taking deposits,

credit cards, car loans etc.

 1996 : ICICI Ltd became the first company in the Indian financial sector to raise

GDR. : SCICI merged with ICICI Ltd. : Mr. K.V.Kamath appointed the

Managing Director and CEO of ICICI Ltd.

 1997 : ICICI Ltd was the first intermediary to move away from single prime rate

to three-tier prime rates structure and introduced yield-curve based pricing. : The

name The Industrial Credit and Investment Corporation of India Ltd changed to

ICICI Ltd. : ICICI Ltd announced the takeover of ITC Classic Finance.

 1998 : Introduced the new logo symbolizing a common corporate identity for the

ICICI Group. : ICICI announced takeover of Anagram Finance.

 1999 : ICICI launched retail finance - car loans, house loans and loans for

consumer durables. : ICICI becomes the first Indian Company to list on the

NYSE through an issue of American Depositary Shares.

 2000 : ICICI Bank became the first commercial bank from India to list its stock

on NYSE.

 2001: ICICI acquired Bank of Madura (est. 1943). Bank of Madura was a Chettiar

bank, and had acquired Chettinad Mercantile Bank (est. 1933) and Illanji Bank

(established 1904) in the 1960s. In October 2001, the Boards of Directors of

ICICI and ICICI Bank approved the merger of ICICI and two of its wholly owned

retail finance subsidiaries, ICICI Personal Financial Services Limited and ICICI

Capital Services Limited, with ICICI Bank.

 2002 : The merger was approved by shareholders of ICICI and ICICI Bank in

Page 20
January 2002, by the High Court of Gujarat at Ahmadabad in March 2002, and by
the High Court of Judicature at Mumbai and the Reserve Bank of India in April

2002. Consequent to the merger, the ICICI group's financing and banking

Operations, both wholesale and retail, have been integrated in a single entity. At

the same time, ICICI started its international expansion by opening representative

offices in New York and London. In India, ICICI Bank bought the Shimla and

Darjeeling branches that Standard Chartered Bank had inherited when it acquired

Grindlays Bank.

 2003 : The first Integrated Currency Management Centre launched in Pune. ;

ICICI Bank announced the setting up of its first ever offshore branch in

Singapore. ; The first offshore banking unit (OBU) at Seepz Special Economic

Zone, Mumbai, launched. ; ICICI Bank’s representative office inaugurated in

Dubai. ; Representative office set up in China. : ICICI Bank’s UK subsidiary

launched. ; India’s first ever "Visa Mini Credit Card", a 43% smaller credit card

in dimensions launched. ; ICICI Bank subsidiary set up in Canada. ; Temasek

Holdings acquired 5.2% stake in ICICI Bank. ; ICICI Bank became the market

leader in retail credit in India. In the UK it established an alliance with Lloyds

TSB. It also opened an Offshore Banking Unit (OBU) in Singapore and

representative offices in Dubai and Shanghai.

Page 21
 2004 : Max Money, a home loan product that offers the dual benefit of higher

eligibility and affordability to a customer, introduced. : Mobile banking service in

India launched in association with Reliance Infocomm. : India’s first

multibranded credit card with HPCL and Airtel launched. : Kisan Loan Card and

innovative, low-cost ATMs in rural India launched. : ICICI Bank and CNBC TV

18 announced India’s first ever awards recognizing the achievements of SMEs, a

pioneering initiative to encourage the contribution of Small and Medium

Enterprises to the growth of Indian economy. : ICICI Bank opened its 500th

branch in India. : ICICI Bank introduced partnership model wherein ICICI Bank

would forge an alliance with existing micro finance institutions (MFIs). The MFI

would undertake the promotional role of identifying, training and promoting the

micro-finance clients and ICICI Bank would finance the clients directly on the

recommendation of the MFI. : ICICI Bank introduced 8-8 Banking wherein all

the branches of the Bank would remain open from 8a.m. to 8 p.m. from Monday

to Saturday. : ICICI Bank introduced the concept of floating rate for home loans

in India. At the same time, ICICI opened a representative office in Bangladesh to

tap the extensive trade between that country, India and South Africa.

 2010 : First rural branch and ATM launched in Uttar Pradesh at Delpandarwa,

Hardoi. ; "Free for Life" credit cards launched wherein annual fees of all ICICI

Bank Credit Cards were waived off. ; ICICI Bank and Visa jointly launched

mChq – a revolutionary credit card on the mobile phone. ; Private Banking

Masters 2010, a nationwide Golf tournament for high networth clients of the

Page 22
private banking division launched. This event is the largest domestic invitation

amateur golf event conducted in India. ; First Indian company to make a

simultaneous equity offering of $1.8 billion in India, the United States and Japan.

; ICICI acquired Investitsionno-Kreditny Bank (IKB), a Russia bank with about

US$4mn in assets, head office in Balabanovo in the Kaluga region, and with a

branch in Moscow. ICICI renamed the bank ICICI Bank Eurasia. Also, ICICI

established a branch in Dubai International Financial Centre and in Hong

Kong.ICICI Bank became the largest bank in India in terms of its market

capitalization. ; ICICI Bank became the first private entity in India to offer a

discount to retail investors for its follow-up offer.

 2011 : ICICI Bank became the first Indian bank to issue hybrid Tier-1 perpetual

debt in the international markets. : ICICI Bank subsidiary set up in Russia. ;

Introduced a new product - ‘NRI smart save Deposits’ – a unique fixed deposit

scheme for nonresident Indians. : Representative offices opened in Thailand,

Indonesia and Malaysia. ; ICICI Bank UK opened a branch in Antwerp, in

Belgium ; ICICI Bank became the largest retail player in the market to introduce

a biometric enabled smart card that allow banking transactions to be conducted on

the field. A low-cost solution, this became an effective delivery option for ICICI

Bank’s micro finance institution partners. ; Financial counseling centre Disha

launched. Disha provides free credit counseling, financial planning and debt

management services. ; Bhoomi puja conducted for a regional hub in Hyderabad,

Andhra Pradesh.

Page 23
 2012 : ICICI Bank‘s USD 2 billion 3-tranche international bond offering was the

largest bond offering by an Indian bank. ; ICICI amalgamated Sangli Bank,

which was headquartered in Sangli, in Maharashtra State, and which had 158

branches in Maharashtra and another 31 in Karnataka State. Sangli Bank had been

founded in 1916 and was particularly strong in rural areas. With respect to the

international sphere, ICICI also received permission from the government of

Qatar to open a branch in Doha. Also, ICICI Bank Eurasia opened a second

branch, this time in St. Petersburg. ; ICICI Bank raised Rs 20,000 crore (approx

$5 billion) from both domestic and international markets through a follow-on

public offer. ; ICICI Bank’s GBP 350 million international bond offering marked

the inaugural deal in the sterling market from an Indian issuer and also the largest

deal in the sterling market from Asia. ; Launched India’s first ever jewellery card

in association with jewelry major Gitanjali Group. ; ICICI Bank became the first

bank in India to launch a premium credit card -- The Visa Signature Credit Card. ;

Foundation stone laid for a regional hub in Gandhinagar, Gujarat. ; Introduced

SME Toolkit, an online resource centre, to help small and medium enterprises

start, finance and grow their business. ; ICICI Bank signed a multi-tranche dual

currency US$ 1.5 billion syndication loan agreement in Singapore. ; ICICI Bank

became the first private bank in India to offer both floating and fixed rate on car

loans, commercial vehicles loans, construction equipment loans and professional

equipment loans. ; In a first of its kind, nation wide initiative to attract bright

graduate students to pursue a career in banking, ICICI Bank launched the

Page 24
"Probationary Officer Programme". ;Launched Bank@home services for all

savings and current a/c customers residing in India ; ICICI Bank Eurasia LLC

inaugurated its first branch at St Petersburg, Russia.

 2013 : ICICI Bank enters US The US Federal Reserve permitted ICICI to convert

its representative office in New York into a branch.; ICICI Bank enters Germany,

opens its first branch in Frankfurt ; ICICI Bank launched iMobile, a breakthrough

innovation in banking where practically all internet banking transactions can now

be simply done on mobile phones. ; ICICI Bank concluded India's largest ever

securitization transaction of a pool of retail loan assets aggregating to Rs. 48.96

billion (equivalent of USD 1.21 billion) in a multi-tranche issue backed by four

different asset categories. It is also the largest deal in Asia (ex-Japan) in 2013 till

date and the second largest deal in Asia (ex-Japan & Australia) since the

beginning of 2012. ; ICICI Bank launches ICICIACTIVE - Banking Interactive

Service - along with DISHTV, which will allow viewers to see information about

the Bank's products and services and contact details on their DISHTV screens. ;

ICICI Bank and British Airways launch co-branded credit card, which is designed

to earn accelerated reward points to the card holders with every British Airways

flight or by spending on everyday purchases.

 2014: ICICI Bank Board appoints Mr K. V. Kamath as non-executive Chairman

and Ms Chanda Kochhar as Managing Director & CEO effective May 1, 2014,

while the existing non-executive Chairman Mr N Vaghul retires after completing

Page 25
his term on April 30, 2014 ; ICICI bank ties up with BSNL Cell One for bill

payments, it will facilitate bill payment for BSNL Cell One users through

www.icicibank.com across all the 27 circles of BSNL. ; ICICI Bank Limited

acting through its Hong Kong Branch (ICICI Bank) signed an agreement on

Export Credit Line totaling up to US$100 million with the Japan Bank for

International Cooperation (JBIC) which constitutes the international wing of

Japan Finance Corporation. ; ICICI Bank Limited acting through its Hong Kong

Branch (ICICI Bank) signed a loan agreement with the Export-Import Bank of

China (China Exim) for USD 98 million under the Two- step Buyer Credit

(Export Credit) arrangement. ICICI Bank is the first Indian Bank to have entered

into this arrangement with China Exim ; ICICI Bank with Singapore Airlines

launched “ICICI Bank Singapore Airlines Visa Platinum Credit Card”, the Card

has exclusive privileges especially designed for the members. ; ICICI Bank

announced an association with mChek, India’s leading mobile payment solutions

provider, to facilitate mChek services to all ICICI Bank Debit and Credit Card

customers. These are electronic cards issued to the customers with mChek

application on their mobile phone. ; Ms Chanda Kochhar took charge as the

Managing Director & CEO of ICICI Bank from May 1, 2014.

ICICI Bank (BSE: ICICI) (formerly Industrial Credit and Investment Corporation of

India) is India's largest private sector bank by market capitalisation and second largest

overall in terms of assets. Trotal assets of Rs. 3,562.28 billion (US$ 77 billion) at

December 31, 2014 and profit after tax Rs. 30.19 billion (US$ 648.8 million) for the nine

months ended December 31, 2014. The Bank also has a network of 1,640+ branches (as

Page 26
on February 11, 2010) and about 4,721 ATMs in India and presence in 18 countries, as

well as some 24 million customers (at the end of July 2012). ICICI Bank offers a wide

range of banking products and financial services to corporate and retail customers

through a variety of delivery channels and specialised subsidiaries and affiliates in the

areas of investment banking, life and non-life insurance, venture capital and asset

management. (These data are dynamic.) ICICI Bank is also the largest issuer of credit

cards in India. ICICI Bank has got its equity shares listed on the stock exchanges at

Kolkata and Vadodara, Mumbai and the National Stock Exchange of India Limited, and

its ADRs on the New York Stock Exchange (NYSE). The Bank is expanding in overseas

markets and has the largest international balance sheet among Indian banks. ICICI Bank

now has wholly-owned subsidiaries, branches and representatives offices in 18 countries,

including an offshore unit in Mumbai. This includes wholly owned subsidiaries in

Canada, Russia and the UK (the subsidiary through which the HiSAVE savings brand is

operated), offshore banking units in Bahrain and Singapore, an advisory branch in Dubai,

branches in Belgium, Hong Kong and Sri Lanka, and representative offices in

Bangladesh, China, Malaysia, Indonesia, South Africa, Thailand, the United Arab

Emirates and USA. Overseas, the Bank is targeting the NRI (Non-Resident Indian)

population in particular.

ICICI reported a net profit of Rs. 3,758 crore (US$ 741 million) for FY2014. The bank's

Current and savings account (CASA) ratio increased to 28.7% at March 31, 2014 from

26.1% at March 31, 2013. Increase of Rs. 5,286 crore in CASA deposits in quarter ended

March 31,2014.
ICICI Bank is one of the Big Four Banks of India with State Bank of India, Axis Bank

and HDFC Bank

Page 27
Page 28
ICICI Bank Group

 BUSINESS PROFILE

Products & Services

Personal Banking

• Deposits
• Loans
• Cards
• Investments
• Insurance
• Demat Services  Wealth Management

NRI Banking

• Money Transfer
• Bank Accounts
• Investments
• Property Solutions
• Insurance
• Loans

Page 29
Business Banking

• Corporate Net Banking


• Cash Management
• Trade Services
• FXOnline
• SME Services
• Online Taxes  Custodial Services

Head Office
ICICI Bank
9th Floor, South Towers
ICICI Towers
Bandra Kurla Complex
Bandra (E) Mumbai.
Phone: 91-022-653 7914 Website:
www.icicibank.com

Capital structure

The Authorized Capital of ICICI Bank is 214.75 Crores. The Issued, Subscribed and Paid Up
Capital is divided into 1113250642 equity shares @ Rs.10/- each.

Board of Directors

 Board Members
Mr. K. V. Kamath, Chairman
....................................................
Mr. Sridar Iyengar
....................................................
Mr. Homi R. Khusrokhan
....................................................

Page 30
Mr. Lakshmi N. Mittal
................................................
Mr. Narendra Murkumbi
.................................................
Dr. Anup K. Pujari
.................................................
Mr. Anupam Puri
..................................................
Mr. M.S. Ramachandran
..................................................
Mr. M.K. Sharma
..................................................
Mr. V. Sridar
Prof. Marti G. Subrahmanyam
.........................................................
Mr. V. Prem Watsa
.........................................................
Ms. Chanda D. Kochhar,
Managing Director & CEO
.........................................................
Mr. Sandeep Bakhshi,
Deputy Managing Director
.........................................................
Mr. N. S. Kannan,
Executive Director & CFO
.........................................................
Mr. K. Ramkumar,
Executive Director
.........................................................
Mr. Sonjoy Chatterjee,
Executive Director

Page 31
 Board committee
Board Governance Remuneration &
Audit Committee Nomination Committee

Mr. Sridar Iyengar, Chairman Mr. M. K. Sharma, Chairman


Mr. M. K. Sharma, Alternate Chairman Mr. K. V. Kamath
Mr. Narendra Murkumbi Mr. Anupam Puri
Mr. V. Sridar Prof. Marti G. Subrahmanyam
Customer Service Committee
Corporate Social Responsibility
Committee

Mr. M. K. Sharma, Chairman Mr. K. V. Kamath, Chairman


Dr. Anup K. Pujari Mr. Narendra Murkumbi
Ms. Chanda D. Kochhar Dr. Anup K. Pujari
Mr. M. S. Ramachandran
Mr. M.K. Sharma
Ms. Chanda D. Kochhar
Fraud Monitoring Committee
Credit Committee

Mr. K. V. Kamath, Chairman Mr. M. K. Sharma, Chairman


Mr. Narendra Murkumbi Mr. K. V. Kamath
Mr. M. S. Ramachandran Mr. M .K. Mr. Narendra Murkumbi
Sharma Ms. Chanda D. Kochhar
Ms. Chanda D. Kochhar Mr. Sandeep Bakhshi
Share Transfer & Shareholders'/
Risk Committee Investors' Grievance Committee

Page 32
Mr. K. V. Kamath, Chairman Mr. M. K. Sharma, Chairman
Mr. Sridar Iyengar Mr. Narendra Murkumbi
Dr. Anup K. Pujari Mr. N. S. Kannan
Prof. Marti G. Subrahmanyam
Mr. V. Prem Watsa
Ms. Chanda D. Kochhar
Committee of Executive Directors
Ms. Chanda D. Kochhar, Chairperson
Mr. Sandeep BakhshiMr. N. S. Kannan
Mr. K. Ramkumar

BUSINESS OBJECTIVE

 Vision

To be the leading provider of financial services in India and a major global bank.

 Mission

• We will leverage our people, technology, speed and financial capital to: be the
banker of first choice for our customers by delivering high quality, world-class
service.
• Expand the frontiers of our business globally.
• Play a proactive role in the full realization of India’s potential.
• Maintain a healthy financial profile and diversify our earnings across businesses
and geographies.

Page 33
• Maintain high standards of governance and ethics.
• Contribute positively to the various countries and markets in which we operate.
• Create value for our stakeholders.
TECHNOLOGY Used In ICICI Bank

ICICI use many type of advance technological software like Pinnacle 7.0 and

Pinnacle7.016.Among from this software ICICI bank uses the e-banking, core banking,

mobile banking electronic display sy ICICI Bank was using Teradata for its data

warehouse. However, due to its proprietary hardware, the cost of procurement, upgrades

and administration was soaring. The closed box architecture of Teradata imposed

restrictions on scalability. Secondly, querying and loading could not happen

simultaneously. Queries could only be run during business hours because the loading of

data had to take place during off business hours. This meant that the refresh rate of EDW

was delayed, so queries may not reflect the most current data. ICICI Bank was also

dependent on Teradata for support and other activities: The bank was completely tied

down to that solution.

These issues compelled ICICI Bank to look for more efficient and flexible solutions. The

solution would have to address not only current issues, but accommodate future growth

expectations and business requirements. ICICI Bank evaluated numerous data

warehousing solutions in the pursuit of solving its issues, and developed a shortlist of

alternatives for its migration proof-of-concept: Sybase, SAS and Netezza. The primary

criteria for evaluation was the price-to-performance ratio where Sybase IQ emerged the

clear winner. During this rigorous testing, Sybase IQ delivered faster results on

independent hardware and operating systems with minimum infrastructure. Commending

the improvements achieved, Amit Sethi, Joint General Manager, ICICI bank says, "What

Page 34
impressed us was that even with overall lower costs, we could achieve significantly better

query performance after implementing the Sybase enterprise warehouse solution." ICICI

InfoTech today launched an enterprise resource planning (ERP) solution for the small

and medium enterprises.

The ERP package - Orion Advantage - comes bundled with an HP dual processor Xeon

server, Oracle 9i database, Windows 2003 server and costs about Rs 9.90 lakh and has a

15-user license.

An ERP package helps a manufacturer or any other business implementing it to manage

all the important parts in the company such as product planning, parts purchasing,

maintaining inventory and interacting with suppliers and customers.

ICICI InfoTech officials told a press conference here today that Orion Advantage offered

a set of business practice solutions for industry segments such as engineering, auto

ancillary, pharmaceuticals, chemicals and IT distribution. Besides the cost advantage, the

ERP package also came pre-configured. ICICI InfoTech had mapped the processes

specific to each industry segment into the package.

Mr. Manoj Kunkalienkar, Executive Director and President, ICICI InfoTech, said that

small and medium enterprises (SMEs) offered a good market and ICICI InfoTech hoped

to become a leading solution provider to this segment.

Mr. R.K. Kanthi, Deputy General Manager, ICICI InfoTech, said there was no ERP

package for the SMEs that bundled the server, database and operating system right now.

Page 35
That was the advantage ICICI InfoTech offered to SMEs as Orion Advantage came

bundled and preconfigured. Besides the high cost of generic ERP packages, their

implementation time as far as SMEs were concerned was also long. Orion Advantage

could be installed in 45 days.

ICICI InfoTech had signed up six customers so far for the package and hoped to garner a

15 per cent market share of the SME segment, whose number in the country was

estimated at 2.30 lakh.

Mr. K.S. Natarajan, Managing Director, Trident Pneumatics Pvt Ltd of Coimbatore, one

of the companies that had installed Orion Advantage, said that the company had tried

three other ERP packages, all of which had failed, before settling on Orion Advantage.

Mr Kunkalienkar said that ICICI InfoTech planned to move the two development centers

in Chennai into a single location and double the staff strength from 300 now in the next

two years.

The Chennai centers were involved in research and development of Orion ERP solutions

and Premia, an insurance package.

We can see that the how technology gives the best results in the below diagram. There

are drastically changes seen in the use of Internet banking, in a year 2001 (2%) and in the

year 2013 (25%).

PRODUCTS AND SERVICES


 PERSONAL BANKING

Page 36
Loan Product Deposit Product Investment &
Insurance
• Auto loan • Savings A/C • Mutual Funds
• Loan against • Current A/C • Bonds
security • Fixed Deposits • Knowledge Centre
• Loan against • Demat A/C • Insurance
property • Safe Deposit • General And Health
Lockers Insurance
• Personal loan
• Credit card • Equity And
Derivatives
• 2- wheeler loan
• Commercial • Mudra Gold Bar
vehicles finance
• Home loans
• Retail business
banking
• Tractor loan
• Working capital
finance
• Construction
• Equipment finance
• Health care finance
• Education loan
• Gold loan

Cards Payment Services Access To Bank

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• Credit Card • Net Safe • Net Banking
• Debit Card • Merchant • One View
• Prepaid Card • Prepaid Refill • InstaAlert Mobile
• Bill Pay Banking
-------------------------------- • Visa Bill Pay • ATM
Forex services • InstaPay • Phone Banking
-------------------------------- • Direct Pay • Email Statements
• Product And • VisaMoney • Branch Network
Services Transfers

• Trade Services  • E-Monies Electronic


Funds Transfer
Forex Service
Branch Locater • Online Payment Of
Direct Tax
• RBI Guidelines

 WHOLESALE BANKING

Corporate Small and Medium Financial


Enterprises Institutions and
Trusts

Page 38
BANKS
• Funded Services • Funded Services • Clearing
• Non Funded • Non Funded SubMembership
Services Services • RTGS Sub-
• Value Added • Specialized Services Membership
Services • Value Added • Fund Transfer
• Internet Banking Services • ATM Tie- Ups
• Internet Banking • Corporate Salary
A/C
• Tax Collection

Financial Institutions

Mutual Funds

Stock Brokers

Insurance Companies

Commodities Business

Trusts

 NRI SERVICES

Accounts & Deposits Remittances

Page 39
• Rupee Saving A/C • North America
• Rupee Current A/C • Uk
• Rupee Fixed Deposits • Europe
• Foreign Currency Deposits • South East Asia
• Accounts For Returning Indians • Middle East
• Africa
• Others

Quick Remit
India Link
Check Lock Box
Telegraphic/ Wire Transfer
Fund Transfer Cheques/Dds/Tcs

Investment & Insurances Loans

• Mutual Funds • Home Loans


• Insurance • Loans Against Securities
• Private Banking • Loans Against Deposits
• Portfolio Investment Scheme • Gold Card Credit

Payment Services Access To Bank

Page 40
• Net Safe • Net Banking
• Bill Pay • One View
• InstaPay • InstaAlert
• DirectPay • ATM
• VisaMoney • Phone Banking
• Online Donation • Email Statements
• Branch Networks

Page 41
PRODUCTS

ICICI Bank offers wide variety of Deposit Products to suit your requirements. Coupled
with convenience of networked branches/ ATMs and facility of E-channels like Internet
and Mobile Banking, ICICI Bank brings banking at your doorstep. Select any of its
deposit products and provide your details online and their representative will contact you
for Account Opening.

SAVING ACCOUNTS

ICICI Bank offers customers a power packed Savings Account with a host of
convenient features and banking channels to transact through. So now customers can
bank at their convenience, without the stress of waiting in queues.

Special Savings Account:

The Special Savings Account has been designed keeping in mind the specific needs of
organizations such as Trusts, Associations, Societies, Councils, Clubs etc. It provides
organizations solutions with added value and is ideal for tax exempted entities.

“LIFE PLUS “Senior citizens savings account

LIFE PLUS, a special savings account for senior citizens from ICICI Bank is
packed with a host of benefits, designed keeping your unique financial
requirements in mind.

Page 42
• Special senior citizens desk to cater to all banking transactions, so that you
don’t wait in queues.
• Higher interest rate on FD/RD: avail the combined benefits of safety,
flexibility and attractive returns with ICICI Bank Fixed Deposit and Recurring
Deposit.
• Free special senior citizen LIFE PLUS debit card.
• Money multiplies facility.
• Extended banking hours allows you to visit our branches, as per your
convenience.
• Anywhere banking access to various services, ICICI Bank has to offer –
anytime, anywhere and from any place, including branches, ATMs and phone
banking.
• Nomination facility available.
• Quarterly average balance(QAB) requirement of Rs.5000.
• Quarterly physical statements are delivered to your doorstep to absolutely free
of cost.
• Passbook on request.

Young Stars Account:

Young Stars is a banking service for children, aged


1day -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. Young Stars will guide your child
through the world of banking -through checking the account balance, fun zones and
special pages on the internet. It makes banking a pleasure and of course teaches your
child to manage their personal finances. With the pocket money that you transfer to your
child's account, you can even shop with him / her at Young Stars very own shopping
page. You can even open a recurring deposit in your child's name.

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Once you are done with your 'banking', you can access your child's account with all the
fun links to special zones designed to suit your child's area of interests and also impart
knowledge on the current events of the world.

Advantage woman savings account

The ICICI Bank Advantage Woman Account enables


today’s independent women to enjoy hassle-free
banking services. Besides the core ICICI Bank
advantage, the
Advantage Woman Savings Account is packed with special
benefits for our women customers. Enjoy your present and plan for the future with ICICI
Bank’s Advantage Woman Savings Account. Advantage Woman offers a specially
designed woman's debit card which helps you shop and save simultaneously, manages
your household expenditures and comes with a bag full of offers attached to it.

• Special International Woman’s Debit Card with lots of offers.


• Free unlimited access to any bank’s ATM.  Bill Pay facility & Multi Channel
Access.
• Payable-at-par cheque book.
• Nomination facility available.
• Zero balance facility with an RD of Rs.2000 or Quarterly Average Balance
(QAB) requirement of Rs. 10,000.

Current Accounts:

Every business requires efficient banking facilities to support its business activities.
ICICI Bank offers premium quality service, unfolding a wide array of class
products. With technology leadership and service the bank is able to meet some of
the most challenging financial needs of clients. A Current Account is one that is
required by Businessman, Joint stock companies, Institutions, Public authorities,

Page 44
public corporations etc. Any business that has numerous banking transactions need a
current account as it
• Allows running account supporting unlimited withdrawals and deposits.
• Is meant for convenience and not to save money.

Roaming Current Account

Only Roaming Current Account from ICICI Bank travels the distance with customers
business. With advanced technological features such as MCC and LCC, banking
needs are well taken care of, customers can access their accounts at over 500
networked branches across the country.
So while customers take care of their business, ICICI Bank’s Roaming Current
Account simplifies banking for them.

Salary Accounts

Salary Account is a feature rich corporate payroll account with benefits for both
corporate and its employees.

• The process of drawing cheques for salaries is replaced by sending a


single ASCII file to the bank and the amount is directly credited into
the employees salary account
• Cuts down payroll processing workload
• Salary Account can be opened with minimum 10 employees
• Instant credit of salaries

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,

Page 45
• Free Internet Banking.

All that the organization would require to do is to send ICICI Bank an advice (in form of
a cheque/debit instruction, ecs, etc) for the total salary amount along with the salary
details of the designated employees in a soft and hard copy format and we will credit the
respective employees' accounts as per your statement of advice. ICICI Bank Salary
Accounts benefits you in more than one ways:-

• Reduces paperwork.

• Saves remittance costs.

Employees receive instant credit of salaries. More convenient than ECS Besides all of the
above, employees automatically become ICICI Bank account holders with special
benefits and privileges of 8-8 banking, Investment advisory and much more...

Fixed deposits:

Fixed deposits are options which help you grow your


money thus creating wealth in a safer and secure way.
ICICI provides its customers with various kinds of
Fixed deposit facilities that are flexible and cater to
customers who have different needs and wants in their
fixed
deposits.
ICICI provides a Fixed Deposit that allows customers to deposit their money for just as
long as you wish.

• Wide range of tenures – 15 days to 10 years.


• Choice of investment plan – traditional and cumulative deposits.
• Partial withdrawal allowed.

Page 46
• Loan facility available – you can avail loan up to 90% of principal and accrued
interest.
• Auto renewal facility – you can choose this option so that the deposit can be
renewed on maturity.
• Interest compounded quarterly.
• Additional interest rate of 0.5% for senior citizens.

Recurring Deposits:

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.

Recurring deposits aims to encourage savings without putting any stress on customers
finances by making them to put a lump sum amount in fixed deposit in one go.The
recurring deposit also attracts high rate of return that are identical to the fixed deposit
rates and most importantly no TDS is applicable in it .the minimum balance of deposit is
of Rs.500 and thereafter in multiples of Rs.100 the minimum period is 6 months and
thereafter in multiples of 3 months, nomination facility is also available.

Security Deposits:

A few Corporate stipulate to their new employees to


provide Security Deposit to reduce attrition. ICICI
Bank’s proposal for the employee is to keep the
Security Deposit in the form of a Fixed Deposit
(FD) with the
Bank. The employee cannot withdraw such FDs without

Page 47
the consent of the company and the company has the right to withdraw the FD in the
event of employee leaving the organization before a certain stipulated period.

ICICI Bank Tax-Saver Fixed Deposit


ICICI Bank’s Tax-Saver Fixed Deposit enables you to save tax and earn high returns. A
dual benefit option structured to maximize your advantage. ICICI Bank’s Tax Saver FD
is the perfect solution for your investment needs.

EEFC Account
Indian exports have surged over the last decade owing to an unprecedented boom in
sectors like software, biotechnology, gems, jewellery, textiles etc. As a result of this, the
volume of inward remittances has also increased significantly. To shield the firms
engaged in regular export and import from the exchange rate fluctuations RBI has
allowed parking of foreign currency by exporters in an account designated as Exchange
Earners Foreign Currency Account (EEFC). EEFC accounts are Current Accounts held in
foreign currency with authorized dealers of foreign exchange in the country.

Resident Foreign Currency (Domestic) Account


Do you want to save money while buying foreign currency for travelling abroad? You
can buy traveler’s cheques, foreign currency in cash and foreign currency demand draft
for your expenses overseas. If you are a frequent traveler, you may not want to go
through the hassles of buying foreign currency every time you travel abroad.
The Reserve Bank of India has now made it easier for you to access foreign currency by
permitting a foreign currency account (domestic) for resident Indians. In line with RBI
guidelines, ICICI Bank has come up with a scheme that helps you get rid of all your
forex worries. You can park your foreign currency in ICICI Bank under RFC (D)
account. Non-interest bearing Resident Foreign Currency (D) (RFC (D)) with ICICI
Bank can be maintained in four major currencies (USD, EURO, GBP and Japanese Yen)

PRIVILEGE BANKING:

Page 48
Privilege banking service ensures preferential treatment to its customers.

Silver privilege A/c

• Waiver of multi-city cheque book usage up to Rs. 1,00,000 per month.


• Waiver of DD/PO charges for upto Rs.50,000 per day.
• Preferential rates of gold coins,deposits lockesr &foreign exchange.
• Quarterly average balance requirement of Rs.25000.

Gold privilege A/c

• Priority processing at all ICICI Bank branches and customer care.


• Free usage of payable -at-par cheque book.
• Free international gold debit card with higher daily withdrawal and spend limit.
• Waiver of DD/PO charges for up to Rs.100,000 per day.
• Free anywhere banking facility.
• Preferential rates for gold coins, deposit lockers and foreign exchange.
• Quarterly Average Balance(QAB) requirement of Rs.50000.

Titanium privilege A/c

• Branch relationship manager supported with phone banking relationship manager.


• Priority processing at ICICI Bank brancghes and customer care.
• Free international titanium debit card with higher daily withdrawal and spend
limit.
• Free anywhere banking facility.
• Free usage of multy-city cheque book.
• Free physical monthly account statement.
• Complete waiver on DD/PO charges.

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• Preferential rates for gol coins,deposit lockers and foreign exchange.
• Quarterly average balance (QAB)requirement of Rs.75000 and Total Relationship
Value(TRV)of Rs. 5,00,000.

Family banking:

Superior product benefits of privilige banking,wealth


management and global private client(GPC) available to all the
members of your family while the required minimum balance
can be maintained in
any of the accounts.

• Access to superior benefits for the entire family.


• Flexibility to maintain balances across account.
• Lower minimum balance requirement at individual customer level.
• Single family bank – convenience for the entire family and easier funds
management.

Outward Remittance:

Send money to your loved ones abroad

ICICI Bank offers you a simple way to send money outside India. Our Outward
Remittance facilities make remitting money abroad quick, and reliable. ICICI Bank’s
Outward Remittance is the solution for your all your needs. Be it money for education,
gift money or maintenance for loved ones or donation for a cause. Our extensive network
gives us reach to most parts of the world.

Advantage Deposit

Page 50
Advantage Deposit is a combination of fixed deposit and mutual fund investment,
offering you the safety of a fixed deposit and the returns of an equity fund. Advantage
Deposit counters equity-market fluctuations through Systematic Investment Plans.

• Combination of a Fixed Deposit (with monthly interest payout) and Systematic


Investment Plan (SIP) of a Mutual Fund.
• Re-investment of monthly interest payout of Fixed Deposit into systematic
investment plan of Mutual Fund.
• Automatic debits to account through Standing Instruction / ECS debit mandate.

New Pension System of Government of India

ICICI Bank with 49 branches is a Point of Presence (POP) for the NEW PENSION
SYSTEM launched on May 1, 2014 by the Government of India. The scheme, promoted
by the PFRDA (Pension Fund Regulatory and Development Authority, Government of
India), is a first of its kind in India and is being launched pan-India by 22 other POP's as
well.

The purpose of this pension scheme is to promote security of income to its subscribers in
their old age. The scheme will empower a subscriber to plan his own retirement and
pension. It not only will help him save for life after retirement but also is a good
investment tool as the returns are market-driven. For optimum returns, the Government
has appointed six fund managers for subscribers to choose from.

 LOANS

HOME LOAN

Interest rates on home loans have come down considerably in


the last few years. Individuals who opted for housing loans in
the years gone by, are still servicing them at 17% to 21% per
annum. Quite a price to pay, since one can get a loan today for

Page 51
around 12% per annum. In such a case, you can opt for a balance transfer. Under this
scheme, customers can replace
their existing old high interest loan by a cheaper (equal to applicable current rates) loan.
ICICI Home Finance will not only finance the balance amount of outstanding loan but
also your prepayment charges to the old housing finance company.
The result:

• A lower EMI with the same tenure .

• A reduced tenure with the same EMI.


• A reduced tenure and EMI .
• The same EMI and tenure but an additional amount as a loan.
PERSONAL LOANS

ICICI Bank Personal Loans are easy to get and


absolutely hassle free. With minimum documentation
you can now secure a loan for an
amount up to Rs.
15 lakhs.

• Loans for salaried & self employed individuals.


• Loans are available from Rs. 20,000 to Rs. 15 Lakhs.
• Repayment tenures from 12 - 60 months.
• No Security,Collateral or Guarantors required.
• Loans can be used for any purpose with no questions asked regarding the end use
of the loan.
• A balance transfer facility available for those who want to retire any higher debt.
• All loan repayments are done via equated monthly instalments (EMI).

CAR LOAN

Page 52
The NO. 1 financier for car loans in the country. Network of more than 1500 channel
partners in over 780 locations. Tieups with all leading automobile manufacturers to
ensure the
best deals. Flexible schemes & quick processing. Hassle-free application process on the
click of a mouse.

Page 53
RESEARCH
METHODOLOGY

Research methodology

The procedure adopted for conducting the research requires a lot of attention as it has
direct bearing on accuracy, reliability and adequacy of results obtained. It is due to this
reason that research methodology, which we used at the time of conducting the research,
needs to be elaborated upon. It may be understood as a science of studying how research
is done scientifically. So, the research methodology not only talks about the research
methods but also considers the logic behind the method used in the context of the
research study. Research Methodology is a way to systematically study and solve the
research problems. If a researcher wants to claim his study as a good study, he must
clearly state the methodology adapted in conducting the research the research so that it
way be judged by the reader whether the methodology of work done is sound or not.

Page 54
The Research Methodology here includes:-

 Objective of study

 Meaning of Research.

 Research Problem.

 Research Design.

 Data Collection method.

 Analysis and interpretation of Data

Objective of the Study

 The main objective of project is to do financial analysis of the ICICI Bank.

 Secondly to study the present financial condition of the ICICI Bank.

 To study the ratios of the ICICI Bank.

 To study the operating performance of the ICICI Bank.

 To study deposits, investment & pattern & loan & advance.

Page 55
RESEARCH DESIGN USED IN THE STUDY:
Descriptive research design is used in this study because it will ensure the minimization
of bias and maximization of reliability of data collected. Descriptive study is based on
some previous understanding of the topic.

TYPE OF DATA USED IN THE STUDY


The required data for the study are basically secondary in nature and the data are
collected from

 The audited reports of the company.

 INTERNET – which includes required financial data collected form ICICI Bank’s

official website i.e www.icici.com and some other websites on the internet for the

purpose of getting all the required financial data of the bank and to get detailed

knowledge about ICICI Bank for the convenience of study.

 Brouchers of ICICI Bank.

 The valuable cooperation extended by staff members and the branch manager of

ICICI bank, Lucknow contributed a lot to fulfill the requirements in the collection

of data in order to complete the project.

Methods of data analysis


The data collected were edited, classified and tabulated for analysis. The analytical tools
used in this study are:

Analytical tools applied:


The study employs the following analytical tools:
1. Comparative statement.
2. Trend Percentage.

Page 56
3. Ratio Analysis.
4. Cash Flow Statement.

IMPORTANCE OF
THE STUDY
IMPORTANCE OF THE STUDY

• By “FINANCIAL STATEMENTS ANALYSIS OF ICICI BANK” we would


be able to get a fair picture of the financial position of ICICI Bank.

• By showing the financial performance to various lenders and creditors it is


possible to get credit in easy terms if good financial condition is maintained in the
company with assets outweighing the liabilities.

• Protecting the property of the business.

• Compliances with legal requirement.

Page 57
Page 58
FINANCIAL
ANALYSIS

BALANCE SHEET OF ICICI BANK LTD.


As On Mar 2012,Mar 2013,Mar 2014,Mar2015,Mar2016. (Rs. In crores)

Page 59
2012 2013 2014 2015 20146
CAPITAL
AND
LIABILITIES:
Total Share 1086.75 1239.83 1249.34 1462.68 1463.29
Capital
Equity Share 736.75 889.83 899.34 1112.68 1113.29
Capital
Share 0.02 0.00 0.00 0.00 0.00
Application
Money
Preference Share 350.00 350.00 350.00 350.00 350.00
Capital
Reserves 11813.20 21316.16 23413.92 45357.53 48419.73
Revaluation 0.00 0.00 0.00 0.00 0.00
Reserves
Net Worth 12899.97 22555.99 24663.26 46820.21 49883.02
Deposits 99818.78 165083.17 230510.19 244431.05 218347.82
Borrowings 33544.50 38521.91 51256.03 65648.43 67323.69
Total Debt 146263.25 226161.17 306429.48 356899.69 335554.53
Other Liabilities 21396.17 25227.88 38228.64 42895.39 43746.43
And Provisions
Total Liabilities 167659.42 251388.95 344658.12 399795.08 379300.96

ASSETS:
Cash And 6344.90 8934.37 18706.88 29377.53 17536.33
Balances With
RBI
Balances With 6585.07 8105.85 18414.45 8663.60 12430.23
Banks,Money At
Call
Advances 91405.15 146163.11 195865.60 225616.08 218310.85
Investments 50487.35 71547.39 91257.84 111454.34 103058.31
Gross Block 5525.65 5968.57 6298.56 7036.00 7443.71
Accumulated 1487.61 1987.85 2375.14 2927.11 3642.09
Depreciation
Net Fixed Assets 4038.04 3980.72 3923.42 4108.89 3801.62
Capital Work In 96.30 147.94 189.66 0.00 0.00
Progress
Other Assets 8702.59 12509.57 16300.26 20574.63 24163.62
Total Assets 167659.40 251388.95 344658.11 399795.07 379300.96

Page 60
Contingent 97507.79 119895.78 177054.18 371737.36 803991.92
liabilities
Bills for 9803.67 15025.21 22717.23 29377.55 36678.71
collection
Book 170.35 249.55 270.37 417.64 445.17
value(Rs.)
EPS 27.22 28.55 34.59 37.37 33.78
No. of equity 736716094 889823901 899266672 1112687495 1113250642
shares

PROFIT AND LOSS ACCOUNT OF ICICI BANK LTD.


For The Year Ended Mar2010,Mar2011,Mar2012,Mar2013,Mar2014 (Rs. In Crores)
2012 2013 2014 2015 2016
INCOME:
Interest Earned 9409.90 13784.49 22994.29 30788.34 31092.55
Other Income 3416.14 4983.14 5929.17 8810.77 7603.72
Total Income 12826.04 18767.63 28923.46 39599.11 38696.27
EXPENDITURE
:
Interest Expended 6570.89 9597.45 16358.50 23484.24 22725.93
Operating 3299.15 4479.51 6690.56 8154.18 7045.11
Expenses
Total Expenses 9870.04 14076.96 23049.06 31638.42 29771.04
Operating Profit 2956 4690.67 5874.40 7960.69 8925.23
Other Provision 428.80 1594.07 2226.36 2904.59 3808.26
And Contigencies
Provision For Tax 522 556.53 537.82 898.37 1358.84
Net Profit 2010.20 2540.07 3110.22 4157.73 3758.13
Extraordinary 0.00 0.00 0.00 0.00 (0.58)
Items
Profit B/F 53.09 188.22 293.44 998.27 2436.32

Total 2058.29 2728.29 3403.66 5156.00 6193.87


Preference 0.00 0.00 0.00 0.00 0.00
Dividend
Equity Dividend 632.96 759.33 901.17 1227.70 1224.58
Corporate 90.10 106.50 153.10 149.67 151.21
Dividend Tax
Pershare Data

Page 61
Eps(Rs.) 27.22 28.55 34.59 37.37 33.78
Equity 85.00 85.00 100.00 110.00 110.00
Dividend(%)
Book Value(Rs) 170.35 249.55 270.37 417.64 445.17
Appropriations
Transfer To 547.00 248.69 1351.12 1342.31 2013.42
Statutory Reserve
Transfer To Other 600.01 1320.34 0.00 0.01 0.01
Reserve
Proposed 723.06 865.83 1054.27 1377.37 1375.79
Dividend/Transfer
To Govt
Balance C/F To 188.22 293.44 998.27 2436.32 2809.65
Balance Sheet
Total 2058.29 2728.30 3403.66 5156.01 6193.87

Page 62
FINANCIAL STATEMENT ANALYSIS
Comparative Balance Sheet Of ICICI Bank From 2012-2013 To
20152016

PARTICULA 2012-2013 2014-2015 2015-2016


RS
Absolute % of Absolut % of Absolute % of Absolute
change chang e chan change chan change
e change ge ge
CAPITAL
AND
LIABILITI
ES:
Capital 153.08 14 9.51 0.8 213.34 17 0.61
Reserves and 9502.96 80 2097.76 10 21943.61 94 3062.2
surplus
Deposits 65264.39 65 65427.02 40 13920.86 6 (26083.23)
Borrowings 4977.41 15 12734.12 33 14392.4 28 1675.26
Other 3831.71 18 13000.76 51.5 4666.75 12 851.04
Liabilities and
Provisions

TOTAL 83729.55 50 93269.17 37 55136.96 16 (20494.12)


CAPITAL AND
LIABILITIES

ASSETS:
Investments 21060.04 42 19710.45 27.5 20196.5 22 (8396.03)
Advances 54757.96 60 49702.49 34 29750.48 15 (7305.23
Fixed assets (57.32) (1.4) (57.3) (1.4) 185.47 5 (307.27)
Capital Work 51.64 54 41.72 28.2 (189.66) -100 0.00
In Progress
Current assets 7917.23 37 23871.8 81 5194.17 10 (4485.58)
TOTAL 83729.55 50 93269.16 37 55136.96 16 (20494.11)
ASSETS:

Interpretation

Page 63
 The capital of bank increased by 14% in 2012-13,0.8% in 2013-

14,17% in 2014-15,and .04 % in 2015-16.This shows that there is

fluctuation in the rate of increase in the capital. In 2012-13 and 2013-

14 the rate of increase in capital is more than that of 2014-15 and

2015-16.

 There is a huge fluctuation in the rate of increase in reserves and

surplus also. This shows that bank is effectively utilizing its reserves

and surplus.

 In 2010-11 deposits increase by 65%,2012-13it increased by 40%,and

an increase of 6% in 2014-15. in 2015-16 deposits fall by 11%.this

shows that the bank has repaid its deposits in this year.

 The borrowings are also showing a fluctuating rate of increase in

2015-16 the borrowings have increased at a very low rate this shows

that bank has repaid a large amount of borrowings in this year and

thereby reducing the dependence on outside debt.

 The investments are also increasing but with lower rates compared to

the preceding years.

 Similarly advances rose by 60% in 2012-13, an increase of 34% in

2013-14,15% increase in 2014-15 and finally decreased by 3.25% in 2015-16.

Page 64
 There has been a consistent decline in the fixed assets over years in

2012-13 and 2013-14 it decreased by 1.4 % ,increased by 5% in 2014-

15 and again decreasing by 7.5% in 2015-16.this is mainly due to

increase in the rate of depreciation in the subsequent years.

 A huge fluctuation is revealed from current assets. It increased by

37% in 2012-13, rate of increase rose to 80% in 2013-14 and then it

increased at a much lower rate i.e. at 10%.this shows that the bank is

effectively utilizing its working capital. there is a fall in current assets

in 2014-15 by 8 %.this is mainly due to the repayment of deposits in

the years 2015-16.

Page 65
Comparative Income Statement Of ICICI Bank From 2012-2013 To
2014-2015

Interpretation:-

 The net profit shows a fluctuating trend i.e it increased by 27% in 2012-13,22.4%
increase in 2013-14,and increased by 34% in 2014-15 and finally if falls by 10%
in2013-14.this may be due to decline in operating income and increased tax
liability in the year 2015-16.

 The interest expenses from the period 2012 to 2015 showed an increasing trend
but decreased in 2015-16 due to repayment of borrowings.

Page 66
TREND ANALYSIS
Trend Percentage Of ICICI Bank From 2012-2013 To 2014-2015
(base year 2004 -05) Percentage(%) figures
Particulars 2012 2013 2014 2015 2016
Deposits 100 165 231 245 219
Advances 100 160 214 247 239
Net profit 100 127 155 207 187

Trend graph of ICICI Bank

300

250

200
(%) DEPOSITS
150 ADVANCES
NET PROFIT
100

50

0
2012 2013 2014 2015 2016
Years

Interpretation:

 There is a continuous increase in the deposits till the year ending 2015 followed
by a downfall in the year ending 2016 due to repayment deposits in this year.
 Similarly advances also shows as increasing trend till the year ending 2015
followed by a slight downfall in the year ending 2016.
 There has been a substantial increase in net profit till the year ending 2015 .In four
years it has been more than double.

RATIO ANALYSIS

Page 67
CURRENT RATIO = CURRENT ASSETS / CURRENT LIABILITY
Current Ratio of ICICI Bank for the period of
2012-2016

1.6
1.39 1.36
1.4
1.23
1.17
1.2
1.01
1
Ratio
0.8 Current Ratio
0.6
0.4
0.2
0
2012 2013 2014 2015 2016
Years

Year Current Assets Current Liabilities Current Ratio


(Rs. In crores) (Rs. In crores)
2012 21632.56 21396.16 1.01
2013 29549.79 25227.88 1.17
2014 53421.59 38228.64 1.39
2015 58615.76 42895.38 1.36
2016 54130.18 43746.43 1.23

 Interpretation:
An ideal solvency ratio is 2. The ratio of 2 is considered as a safe margin of solvency due

to the fact that if current assets are reduced to half (i.e.) 1 instead of 2, then also the

creditors will be able to get their payments in full. But here the current ratio is less than 2

and more than 1 which shows that the banks have current assets just equal to the current

liabilities which is not satisfactory as the safety margin is very less or zero. Therefore the

bank should keep more current assets so that it can maintain a satisfactory safety margin.

LIQUID RATIO:
Liquid ratio is also known as ‘Quick’ or ‘Acid Test ‘Ratio. Liquid assets refer to assets

which are quickly convertible into cash. Current Assets other stock and prepaid expenses

are considered as quick assets.

Page 68
Quick Ratio = Total Quick Assets
Total Current Liabilities
Quick Assets = Total Current Assets – Inventory

Liquid Ratio of ICICI Bank for the period of 2010-2014

1.2

1 0.97
0.88

0.8
Ratio 0.67 0.68
0.6
0.6 Liquid Ratio

0.4

0.2

0
2012 2013 2014 2015 2016
Years

2012 12929.97 21396.16 0.60


2013 17040.22 25227.88 0.67
2014 37121.33 38228.64 0.97
2015 38041.13 42895.38 0.88
2016 29966.56 43746.43 0.68

 Interpretation:
A quick ratio of 1:1 is considered favorable because for every rupee of current liability,
there is at least one rupee of liquid assets. A higher value of ratio is considered favorable.
Here this ratio is less than 1 in 2012,2013 & 2016 but in 2013 & 2014 it is close to 1
which is not satisfactory. This means the bank has not managed its funds properly in this
particular period. Therefore bank should rationally utilize its funds to maintain an ideal
liquid ratio.

EARNING PER SHARE:

Earning Per Equity Share = Net Profit after Tax –Prefrence Dividend
No. of Equity shares

Page 69
Earnings Per Share Ratio of ICICI Bank for the
period of 201
2-2016

40 37.37
34.59 33.78
35
30 27.22 28.55

25
Ratio
20 Earnings Per Share
15
10
5
0
2012 2013 2014 2015 2016
Years

Year Net Income Available No. Of Equity EPS


For Shareholders Shares
(Rs. In crores) (Rs. In crores)
2012 2010.2 73.6716 27.22
2013 2540.07 88.9823 28.55
2014 3110.22 89.9266 34.59
2015 4157.73 111.2687 37.37
2016 3758.13 111.325 33.78

 Interpretation:
Earning per Share is the most commonly used data which reflects the performance and

prospects of the company. It affects the market price of shares.

Here the Earning Per Share is shows a persistent increase till the year 2015 after that in

the year 2016 Earning Per share is followed by a downfall due to decline in profits.

DIVIDEND PER SHARE:

Dividend per Share = Dividend Paid To Equity Shareholders


No. Of Equity Shares

Page 70
Dividend Per Share Ratio of ICICI Bank for the
period of 2012-2016

12 11.03 11
10.02
10 8.59 8.53
8 Dividend Per Share
Ratio
6 Ratio

2
0
2012 2013 2014 2015 2016
Years

Year Dividend Paid No. Of Equity DPS


Shares
(Rs. In crores) (Rs. In crores)
2012 632.96 73.6716 8.59
2013 759.33 88.9823 8.53
2014 901.17 89.9266 10.02
2015 1227.7 111.2687 11.03
2016 1224.58 111.325 11

 Interpretation:
Here the Dividend Per Share is increasing year after year except a little decline in

2016.otherwise the dividend per share ratio of the bank is quite satisfactory which shows

the bank has a good dividend paying capacity.

NET PROFIT RATIO:

Net Profit Ratio = Net Profit X 100 Net Sales

Page 71
Net Profit Ratio of C
I ICI Bank for the period of 201
2-2016

25
21.3
20 18.42

15 13.52 13.5
Ratio 12.08
Net Profit Ratio
10

0
2012 2013 2014 2015 2016
Years

Year Net Profit Sales Net Profit Ratio (in


(Rs. In crores) (Rs. In crores) %)
2012 2010.2 9409.9 21.3
2013 2540.07 13784.49 18.42
2014 3110.22 22994.29 13.52
2015 4157.73 30788.34 13.5
2016 3758.13 31092.55 12.08

 Interpretation:
Although both the sales and net profit have increased during the above period but the Net

Profit Ratio of the bank is declining continuously. This is because of the reason that net

profits have not increased in the same proportion as of the sales.

OPERATING PROFIT RATIO:

Operating Profit Ratio = Operating Profit X100


Year Operating Profit Sales Operating Profit
(Rs. In crores) (Rs. In crores) Ratio (in %)
2012 2956 9409.9 31.41
2013 4690.67 13784.49 34.02

Page 72
2014 5874.4 22994.29 25.54
2015 7960.69 30788.34 25.85
2016 8925.23 31092.55 28.7
Net Sales

Operating Profit Ratio of ICICI Bank for the period


of 2012-2016
40
34.02
35
31.41
30 28.7
25.54 25.85
Ratio25

20 Operating Profit Ratio

15

10

0
2012 2013 2014 2015 2016
Years

 Interpretation:
In the year 2010 & 2011 the operating profit is 31.41% & 34.02% respectively. After that
it has been consistently declined from the year 2014 till 2015 and again gaining
momentum in 2016. This may be due to the reason that operating expenses have been
increased more as compared to sales during the above period consequently reducing the
operating profits. Therefore the bank should check on unnecessary operating expenses to
correct this situation and to provide a sufficient return.

RETURN ON NET WORTH:

Return On Net Worth = Net Profit After Interest And Tax x 100
Shareholder’s Funds

Page 73
 Interpretation:
The net profit after interest and tax have increased slowly till the year 2014 followed by a
downfall due to high interest payments, operating expenses and taxation liability.
Consequently the net worth ratio has declined considerably and has reduced to more than
half in the year 2016 than it was in 2012.

RETURN ON CAPITAL EMPLOYED:


Year Net Profit Before Capital Employed Return On Capital
Interest And Tax Employed (in %)
(Rs. In crores) (Rs. In crores)
2012 9098.09 146263.25 6.22

Page 74
2013 12694.05 226161.17 5.61
2014 20006.54 306429.48 6.52
2015 28540.34 356899.69 7.99
2016 27842.9 335554.53 8.29

Return On Capital Employed of ICICI Bank for the


period of 2012-2016

9
8.29
8 7.99

7 6.52
6.22
6 5.61
Ratio
5
Return On Capital Employed
4

0
2012 2013 2014 2015 2016
Years

Page 75
 Interpretation:
The above table exhibit the return on capital employed ratio of the bank for last five

years. This ratio measures the earning of the net assets of the business. The ratio was

6.22% in year 2012. After that it raised to the tune of 5.61%,6.52%,7.99% and 8.29% in

year 2013, 2014, 2015 and year 2016 respectively. It lead to the conclusion bank rising

but very little proportion of return on capital employed.

DEBT- EQUITY RATIO:

Debt Equity ratio of ICICI Bank for the period of


2012-2016

14 12.97
11.99
12
10.14
10
Ratio
8 7.53
6.6 Debt Equity Ratio
6
4
2
0
2012 2013 2014 2015 2016
Years

Year Debt Equity Debt Equity Ratio


(Rs. In crores) (Rs. In crores)
2012 154759.45 12899.97 11.99
2013 228832.96 22555.99 10.14
2014 319994.86 24663.26 12.97
2015 352974.87 46820.21 7.53
2016 329417.94 49883.02 6.6

Page 76
Interpretation:
The ratio shows the extent to which funds have been provided by long-term creditors
as compared to the funds provided by the owners. Here the Debt-Equity ratio for the
above period is always high. this shows that the bank is more relying on outside funds
as compared to internal sources of capital, in its capital structure. From the long-term
lenders point of view this ratio is not satisfactory.

PROPRIETORY RATIO:

Proprietary Ratio = Shareholder’s Fund


Total Assets
Proprietary Ratio of ICICI Bank for the period of
2010-2014

0.14 0.13
0.12
0.12
0.1
Ratio 0.08
0.08 0.07 0.07
Proprietory Ratio
0.06
0.04
0.02
0
2012 2013 2014 2015 2016
Years

Years Shareholder's Funds Total Assets Proprietory Ratio


(Rs. In crores) (Rs. In crores)
2012 12899.97 167659.4 0.07
2013 22555.99 251388.95 0.08
2014 24663.26 344658.11 0.07
2015 46820.21 399795.07 0.12
2016 49883.02 379300.96 0.13

Page 77
Interpretation:

Above table exhibits the proprietary ratio of the bank for last five years . It was 7% in
2012, after that was 8% in year 2013. Similarly it was once again reduced to 7 % in the
year 2014. After 2014 it registered increase and was 12% and 13% in the year 2015 and
2016 respectively. Hence it leads to the conclusion owners have less than 13% stake in
the total assets of the bank. It is not a good sign as far the long term solvency is
concerned.

FIXED ASSETS TURNOVER RATIO:

Fixed Assets Turnover Ratio = Cost of goods sold or Sales


Net Fixed Assets

Fixed assets Turnover Ratio of ICICI Bank for the


period of 201
2-2016

9 8.17
8 7.49
7
5.86
6
Ratio
5 Fixed assets Turn
over
4 3.46 Ratio
3 2.33
2
1
0
2012 2013 2014 2015 2016
Years

Year Sales Net Fixed Assets Fixed Assets


(Rs. In crores) (Rs. In crores) Turnover Ratio
2012 9409.9 4038.04 2.33
2013 13784.49 3980.72 3.46
2014 22994.29 3923.42 5.86

Page 78
2015 30788.34 4108.89 7.49
2016 31092.55 3801.62 8.17
 Interpretation:
Here the fixed assets employed in the business shows a decreasing trend except in the
year 2015 where fixed assets have again increased. This may be due to increase in rate of
depreciation in subsequent years. Nevertheless the fixed assets turnover ratio has been
consistently increasing. It indicates that fixed assets have been effectively used in the
business without much additional investment in the period of study and also the capital is
not blocked in fixed assets.

CREDIT-DEPOSIT RATIO:

Credits
Credit Deposit Ratio 100

Credit Deposit ratio of ICICI bank for the period of


2012-2016

1.05

1 0.99

0.95 0.92
Ratio 0.91
0.9 0.88 Credit Deposit ratio

0.85 0.84

0.8

0.75
2012 2013 2014 2015 2016
Years
D
eposits

Year Advances Deposits Credit Deposit Ratio (in


(Rs. In crores) (Rs. In crores) %)

Page 79
2012 91405.15 99818.78 91
2013 146163.11 165083.17 88
2014 195865.6 230510.19 84
2015 225616.08 244431.05 92
2016 218310.85 218347.82 99
 Interpretation:
Above table exhibits credit deposit ratio of the bank during last 5 years in the year

2012 ratio was 91% and it declined to 88% and 84%in the year 2013 and 2014

respectively. In the year 2015 and 2016 ratio was increased to 92% and 99%

respectively. it leads to conclusion that credit performance of the bank is very good.

CASH FLOW STATEMENT OF ICICI BANK


2012 2013 2014 2015 2016
Profit before tax 2,527.20 3,096.61 3,648.04 5,056.10 5,116.97
Net cash
9,131.72 4,652.93 23,061.95 -11,631.15 -14,188.149
flowoperating activity
Net cash used in
-3,445.24 -7,893.98 -18,362.67 -17,561.11 3,857.88
investing activity
Net cash used in fin.
-1,227.13 7,350.90 15,414.58 29,964.82 1,625.36
activity
Net inc/dec in cash
4,459.34 4,110.25 20,081.10 683.55 -8,074.57
and equivalent
Cash and equivalent
8,470.63 12,929.97 17,040.22 37,357.58 38,041.13
begin of year
Cash and equivalent
12,929.97 17,040.22 37,121.32 38,041.13 29,966.56
end of year

Page 80
FINDINGS

Page 81
Findings
 Profit before tax for the year ended March 31, 2016 (FY2014) was Rs. 5,117
crore (US$ 1,009 million), compared to Rs. 5,056 crore (US$ 997 million) for the
year ended March 31, 2016 (FY2016).
 Profit after tax for FY2016 was Rs. 3,758 crore (US$ 741 million) compared to
Rs. 4,158 crore (US$ 820 million) for FY2013 due to the higher effective tax rate
on account of lower proportion of income taxable as dividends and capital gains.
 Net interest income increased 15% from Rs. 7,304 crore (US$ 1,440 million) for
FY2015 to Rs. 8,367 crore (US$ 1,650 million) for FY2016. While the advances
declined marginally year-on-year, the net interest income increased due to
improvement in net interest margin from 2.2% in FY2015 to 2.4% in FY2016.
 Operating expenses (including direct marketing agency expenses) decreased 14%
to Rs. 6,835 crore (US$ 1,348 million) in FY2016 from Rs. 7,972 crore (US$
1,572 million) in FY2015. The cost/average asset ratio for FY2016 was 1.8%
compared to 2.2% for FY2015.
 During the year, the Bank has pursued a strategy of prioritizing capital
conservation, liquidity management and risk containment given the challenging
economic environment. This is reflected in the Bank’s strong capital adequacy
and its focus on reducing its wholesale term deposit base and increasing its CASA
ratio. The Bank is maintaining excess liquidity on an ongoing basis. The Bank has
also placed strong emphasis on efficiency improvement and cost rationalization.

Page 82
The Bank continues to invest in expansion of its branch network to enhance its
deposit franchise and create an integrated distribution network for both asset and
liability products.

In line with the above strategy, the total deposits of the Bank were Rs. 218,348 crore
(US$ 43.0 billion) at March 31, 2016, compared to Rs. 244,431 crore (US$ 48.2 billion)
at March 31, 2015. The reduction in term deposits by Rs. 24,970 crore (US$ 4.9 billion)
was primarily due to the Bank’s conscious strategy of paying off wholesale deposits.
During Q4-2016, total deposits increased by Rs. 9,283 crore (US$ 1.8 billion), of which
Rs. 5,286 crore (US$ 1.0 billion), or about 57%, was in the form of CASA deposits. The
CASA ratio improved to 28.7% of total deposits at March 31, 2016 from 26.1% at March
31, 2015.

 The branch network of the Bank has increased from 755 branches at March 31,
2014 to 1,438 branches at April 24, 2016. The Bank is also in the process of
opening 580 new branches which would expand the branch network to about
2,000 branches, giving the Bank a wide distribution reach in the country.

In line with the strategy of prioritizing capital conservation and risk containment, the loan
book of the Bank decreased marginally to Rs. 218,311 crore (US$ 43.0 billion) at March
31, 2016 from Rs. 225,616 crore (US$ 44.5 billion) at March 31, 2015.

 Liquidity position

The liquid ratio of the bank in the year 2012,2013 and 2014 is 0.60,0.67and 0.68
respectively and the year 2013 and 2014 liquid ratio is 0.97 and 0.88 respectively
which is close to 1.Though it is not equal to the ideal liquid ratio of 1:1 but still its
under control. So in nut shell, it can be concluded that the liquidity position of the
bank is quite satisfactory.

Page 83
 Capital adequacy and return on capital employed

The Bank’s capital adequacy at March 31, 2016 as per Reserve Bank of India’s
revised guidelines on Basel II norms was 15.5% and Tier-1 capital adequacy was
11.8%, well above RBI’s requirement of total capital adequacy of 9.0% and Tier-1
capital adequacy of 6.0%. The above capital adequacy takes into account the impact
of dividend recommended by the Board.

Also the capital is being effectively utilized in the bank as it shows better return on
capital employed over years.
 Asset quality

At March 31, 2016, the Bank’s net non-performing asset ratio was 1.96%. During the
year the Bank restructured loans aggregating to Rs. 1,115 crore (US$ 220 million).

 Dividend on equity shares

Since the dividend per share has shown a promising increase for the period under
study. It shows that the bank is following a sound dividend policy and is capable of
distributing higher dividends. in this way the investors will feel investing in capital of
the bank a much beneficial option and will be reluctant to withdraw capital for a long
time.

 Earnings per share

The earnings per share for the period under study also show a promising increase. it
suggests that bank has better profitability position and in future it can be a better or
attractive channel of investment for shareholders.

Page 84
 Higher trends of credit deposit ratio – A positive sign

High trends of credit deposit ratio reveals that bank has performed satisfactorily as regard
to granting loans and advances to generate income. It suggests that credit performance is
good and the bank is doing its business good by fulfilling its major objective as regards to
granting loans and accepting deposits.

SUGGESTIONS
Page 85
Suggestions
 Although the short term liquidity position is quite satisfactory as per revealed by
liquid ratio but the current ratio is below the ideal ratio of 2:1.So the bank should
make efforts to increase its current assets to maintain a safety margin and to
maintain a better liquidity position.

 The profitability of the bank for the period under study is not satisfactory. Profits
are increasing but not with same pace as of the expenditure due to higher reliance
on debt capital in the form of borrowings and loans for financing capital structure.
So in order to improve profitability, the bank should reduce its dependence on
external equities for meeting capital requirements. Consequently, the interest
expenses will decline and profits will increase which is good for the bank.
Similarly non productive expenses should be curtailed to improve profitability.

 Higher trend of credit deposit ratio reveals that the bank has performed
satisfactorily as regard to granting loans and advances to generate income. It
suggests that the credit performance of bank is good and it is performing its
business well by fulfilling the major objective of granting credit and accepting
deposit. So in order to have more creditability in the market the bank should
maintain its credit deposit ratio.

 Though the bank has been successful in increasing it’s deposits but to further
improve upon such situation it can introduce some new and attractive schemes for
public. Such schemes can be in the form of higher rate of interest and shorter
maturity period for FD’s etc.

Page 86
 Bank should try to finance more and more projects. Financing will help it to earn
higher amount of profits.

 The bank is having a greater reliance on debt capital. The increasing reliance on
external equities may prove hazardous in the long run. So in order to remedy this
situation bank should increase its focus on internal equities and other sources of
internal financing.

 Bank can also think for improving it’s day-to -day service to its clients. Such
service can be improved by providing prompt service and showing an attitude of
co-operation to its clients. It will help to give a kind of confidence to the public
and build a better public image.

 To achieve the objective of Rural development it should open more and more
branches in different rural areas of the country. It will facilitate in providing help
to rural poor farmers and other living below the poverty line. Bank can appoint
commission agents for different area who can encourage general public to invest
in the capital of the bank and make more deposits in ICICI Bank.

 The bank should simplify the procedure of advances for quick disbursement.

 To achieve organizational success a proper independent working atmosphere


should be developed to achieve desired objective more effectively.
 Last but not least, bank should adopt branch automation experiment to control the
operational cost.

Page 87
CONCLUSION

Conclusion

On the basis of various techniques applied for the financial analysis of ICICI Bank we
can arrive at a conclusion that the financial position and overall performance of the bank
is satisfied. Some Points:-

The income level of the ICICI Bank is quite better in 2016, the income from
interest and other income are around best position, and it is 5 and 4 respectively.
Which show the better position in income earning, and if we talk about the overall
income position then it is around average.

Page 88
The expenditure level was increased with increasing rate the overall rating of the
expenses is into between poor and average which show the poor condition of the
bank

The level of advances increased with increasing rate in 2016 it was in better
position, if we talk about the overall performance of the bank in case of level of
advances then it is around average
The amount of deposits was also increased with increasing rate, when we talk
about the average performance of bank for last five year then the position of
current deposits, saving deposits and demand deposits fall in the average category.

Any comment including suggestion ,I have given which will be relevant and
suitable separately in analysis report of above point

There fore it is advised by me to company to give considerations and suggestion,


which are the part of each separate analysis report in above point

Page 89
Limitations of
study

Limitations

 Difficulty in data collection.

 Limited knowledge about the bank in the initial stages.

 Branch manager was reluctant for giving financial data of the bank.

 The analysis and interpretation are based on secondary data contained in

the published annual reports of ICICI Bank for the study period.

 Ratio itself will not completely show the company’s good or bad financial

position.

Page 90
 Inter firm comparison was not possible due to the non availability of

competitors data.

 The study of financial performance can be only a means to know about the

financial condition of the company and cannot show a through picture of

the activities of the company

Page 91
BIBLIOGRAPHY

BIBLIOGRAPHY

• Pandey, I.M. (1987), “Financial Management”, Vikas Publishing House Pvt.

Limited, New Delhi.

• Pandey, I.M. (2001), “Financial Management (Eighth Revised

Edition)”,Vikas Publishing House Pvt. Limited, New Delhi.

Page 92
• Porterfield (1965), “Investment Decisions and Capital Costs”, Prentice Hall,

Engle Wood Cliffs, N.J.

• Porwal, L.S.(1976), “Capital Budgeting in India”, Sultan Chand and Sons, New

Delhi.

• Annual Reports of Axis Bank 2012-2016.

• Departmental Records.

Websites

 http://profit.ndtv.com/stock/icici-bank-ltd_icicibank/financials-ratio

 http://www.indianotes.com/research-analysis/company/companyfinancial.php?

cc=MTQwMzAwNTYuMDA=

 https://www.scribd.com/doc/75548828/Financial-statement-analysis-of-
ICICIbank
 http://www.moneycontrol.com/financials/icicibank/ratios/ICI02
 https://www.scribd.com/doc/52649325/FINAL-REPORT-ON-
FINANCIALANALYSIS-OF-ICICI-BANK
 http://www.slideshare.net/hemanthcrpatna/a-project-report-on-analysis-
offinancial-statement-of-icici-bank
 https://issuu.com/sanjaykumarguptaa/docs/project_report_on_financial_analysis_
of_icici_bank

Page 93
Annexure

BALANCE SHEET OF ICICI BANK LTD.


As On Mar 2012,Mar 2013,Mar 2014,Mar2015,Mar2016. (Rs. In crores)
2012 2013 2014 2015 2016
CAPITAL
AND
LIABILITIES:
Total Share 1086.75 1239.83 1249.34 1462.68 1463.29
Capital
Equity Share 736.75 889.83 899.34 1112.68 1113.29
Capital
Share 0.02 0.00 0.00 0.00 0.00
Application
Money
Preference Share 350.00 350.00 350.00 350.00 350.00
Capital
Reserves 11813.20 21316.16 23413.92 45357.53 48419.73
Revaluation 0.00 0.00 0.00 0.00 0.00
Reserves
Net Worth 12899.97 22555.99 24663.26 46820.21 49883.02
Deposits 99818.78 165083.17 230510.19 244431.05 218347.82
Borrowings 33544.50 38521.91 51256.03 65648.43 67323.69
Total Debt 146263.25 226161.17 306429.48 356899.69 335554.53
Other Liabilities 21396.17 25227.88 38228.64 42895.39 43746.43
And Provisions
Total Liabilities 167659.42 251388.95 344658.12 399795.08 379300.96

ASSETS:
Cash And 6344.90 8934.37 18706.88 29377.53 17536.33
Page 94
Balances With
RBI
Balances With 6585.07 8105.85 18414.45 8663.60 12430.23
Banks,Money At
Call
Advances 91405.15 146163.11 195865.60 225616.08 218310.85
Investments 50487.35 71547.39 91257.84 111454.34 103058.31
Gross Block 5525.65 5968.57 6298.56 7036.00 7443.71
Accumulated 1487.61 1987.85 2375.14 2927.11 3642.09
Depreciation
Net Fixed Assets 4038.04 3980.72 3923.42 4108.89 3801.62
Capital Work In 96.30 147.94 189.66 0.00 0.00
Progress
Other Assets 8702.59 12509.57 16300.26 20574.63 24163.62
Total Assets 167659.40 251388.9 344658.1 399795.07 379300.96
5 1
Contingent 97507.79 119895.78 177054.18 371737.36 803991.92
liabilities
Bills for 9803.67 15025.21 22717.23 29377.55 36678.71
collection
Book 170.35 249.55 270.37 417.64 445.17
value(Rs.)
EPS 27.22 28.55 34.59 37.37 33.78
No. of 736716094 889823901 899266672 1112687495 1113250642
equity
shares

PROFIT AND LOSS ACCOUNT OF ICICI BANK LTD.


For The Year Ended Mar2012,Mar2013,Mar2014,Mar2015,Mar2016(Rs. In Crores)
2012 2013 2014 2015 2016
INCOME:
Interest Earned 9409.90 13784.49 22994.29 30788.34 31092.55
Other Income 3416.14 4983.14 5929.17 8810.77 7603.72
Total Income 12826.04 18767.63 28923.46 39599.11 38696.27
EXPENDITURE
:
Interest Expended 6570.89 9597.45 16358.50 23484.24 22725.93
Operating 3299.15 4479.51 6690.56 8154.18 7045.11
Expenses

Page 95
Total Expenses 9870.04 14076.96 23049.06 31638.42 29771.04
Operating Profit 2956 4690.67 5874.40 7960.69 8925.23
Other Provision 428.80 1594.07 2226.36 2904.59 3808.26
And Contigencies
Provision For Tax 522 556.53 537.82 898.37 1358.84
Net Profit 2010.20 2540.07 3110.22 4157.73 3758.13
Extraordinary 0.00 0.00 0.00 0.00 (0.58)
Items
Profit B/F 53.09 188.22 293.44 998.27 2436.32

Total 2058.29 2728.29 3403.66 5156.00 6193.87


Preference 0.00 0.00 0.00 0.00 0.00
Dividend
Equity Dividend 632.96 759.33 901.17 1227.70 1224.58
Corporate 90.10 106.50 153.10 149.67 151.21
Dividend Tax
Pershare Data
Eps(Rs.) 27.22 28.55 34.59 37.37 33.78
Equity 85.00 85.00 100.00 110.00 110.00
Dividend(%)
Book Value(Rs) 170.35 249.55 270.37 417.64 445.17
Appropriations
Transfer To 547.00 248.69 1351.12 1342.31 2013.42
Statutory Reserve
Transfer To Other 600.01 1320.34 0.00 0.01 0.01
Reserve
Proposed 723.06 865.83 1054.27 1377.37 1375.79
Dividend/Transfer
To Govt
Balance C/F To 188.22 293.44 998.27 2436.32 2809.65
Balance Sheet
Total 2058.29 2728.30 3403.66 5156.01 6193.87

Page 96
FINANCIAL STATEMENT ANALYSIS
Comparative Balance Sheet Of ICICI Bank From 2012-2013 To
20152016

PARTICULA 2012-2013 2013-2014 2015-2016


RS
Absolut % of Absolute % of Absolute %
e change change change change
change
CAPITAL
AND
LIABILITI
ES:
Capital 9.51 0.8 213.34 17 0.61 .04
Reserves and 2097.76 10 21943.61 94 3062.2 7
surplus
Deposits 65427.02 40 13920.86 6 (26083.23) 11
Borrowings 12734.12 33 14392.4 28 1675.26 2.5
Other 13000.76 51.5 4666.75 12 851.04 2
Liabilities and
Provisions

TOTAL 93269.17 37 55136.96 16 (20494.12) 5.1


CAPITAL AND
LIABILITIES

ASSETS:
Investments 19710.45 27.5 20196.5 22 (8396.03) (7.
5)
Advances 49702.49 34 29750.48 15 (7305.23 (3.
25)
Fixed assets (57.3) (1.4) 185.47 5 (307.27) (7.
5)
Capital Work 41.72 28.2 (189.66) -100 0.00 0.0
In Progress 0
Current assets 23871.8 81 5194.17 10 (4485.58) (8)
TOTAL 93269.16 37 55136.96 16 (20494.11) (5.
ASSETS: 1)

Page 97
Page 98
CASH FLOW STATEMENT OF ICICI BANK
2010 2011 2012 2013 2014
Profit before tax 2,527.20 3,096.61 3,648.04 5,056.10 5,116.97
Net cash -
flowoperating 9,131.72 4,652.93 23,061.95 -11,631.15 14,188.149
activity
Net cash used in
-3,445.24 -7,893.98 -18,362.67 -17,561.11 3,857.88
investing activity
Net cash used in
-1,227.13 7,350.90 15,414.58 29,964.82 1,625.36
fin. Activity
Net inc/dec in cash
4,459.34 4,110.25 20,081.10 683.55 -8,074.57
and equivalent
Cash and equivalent
8,470.63 12,929.97 17,040.22 37,357.58 38,041.13
begin of year
Cash and equivalent
12,929.97 17,040.22 37,121.32 38,041.13 29,966.56
end of year

99
Page

100

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