SUMMER TRAINING PROJECT REPORT

ON

ANALYSIS OF FINANCIAL STATEMENT

(BALANCE SHEET & P&L ACCOUNT) OF
ICICI BANK
AGRA
Towards partial fulfillment of
Master of Business Administration (MBA)
(Affiliated to U. P. Technical University, Lucknow)
INDUSRTY GUIDE:
MR.ASHISH MAHENDRU

FACULTY GUIDE:
CHHAYA MANI TRIPATHI

SUBMITTED BY: SAKAR SHUKLA

ROLL NO: 1305470084
M.B.A IIIRD SEMESTER

Session 2014-2015
Department of Management

Babu Banarasi Das

National Institute of Technology & Management
Sector 1, Akhilesh Das nagar, Faizabad Road, Lucknow(U. P.), India

DECLARATION
I hereby declare that the project report entitled A STUDY OF FINANCIAL STATEMENT OF
ICICI BANK is the produce of my sincere effort. This Summer Internship Project Report is being
submitted by me at BABU BANARASI DAS NATIONAL INSTITUTE OF TECHNOLOGY&
MANAGEMENT, LUCKNOW for the Partial fulfillment of the course M.B.A. and the report has
not been submitted to any other educational institution for any other course.

Sakar Shukla
Roll no.- 1305470084
DATE:

M.B.A IIIrd Semester

B.B.D.N.I.T.M

ACKNOWLEDGEMENT
I express my sincere thanks to my project guide, MR.ASHISH MAHENDRU, MANAGER ICICI
BANK, AGRA for guiding me right from the inception till the successful completion of the
project. I sincerely acknowledge him for extending their valuable guidance, support
for literature, critical reviews of project and the report and above all the moral support he
had provided to me with all stages of this project. I would also like to thank the supporting staff
of ICICI for their help and cooperation throughout our project.
My deepest thank goes to Dr. Pooja Bhatia, Head, Department of management, BBDNITM,
Lucknow for her valuable guideline.

Sakar Shukla

PREFACE
Modern organizations are highly complex ad dynamics systems. They operate under very turbulent
social economic and political environment. They are required to reconcile several incompatible goals.
Conflicting roles and divergent interest they are also fraught with the use risk and uncertainties,
hence tactful management of such organization to plan to execute guide, coordination and control the
performance of people to achieve predetermined goals. Management has to keep the organization
vibrant moving and in equilibrium. It has to achieve goal which themselves are changing it is
therefore a problem highly complex and ticklish.

This information will be asset to finance manager in making effective decisions. The researchers are
used to acquire and analyze information and to make suggestions to management as to how financial
problems should be solved.

The objective of this project is to enable the students to understand the application of the academics
in the real business life. I am fully confident that this project report will be extremely useful to the
management.

EXECUTIVE SUMMARY

Analysis and Interpretation of the financial statement has now become an important technique of
credit appraisal. Though the basic technique of appraisal remains the same in all the cases but the
approach and the emphasis in analysis vary. Analysis of financial position on the basis of past and
current records. Analysis of financial statement help in making the future decision and strategies.
Therefore, it is very necessary for every organization whether it is a financial or manufacturing etc. to
make financial statement and to analysis it.

ICICI Bank was originally promoted in 1994 by ICICI limited, an Indian financial institution, and
was its wholly owned subsidiary. Income statements of the ICICI motors for years99-00 to 05-06 are
the business mirror, which reflect the financial position and operating strength and weakness of the
concern. Income statement analysis which is done by using ratio analysis and trend analysis give the
true picture of the company. Cost reduction is the true medicine for the revival of the company during
the decline of the company which is studied in this project. The big positive of the cost reduction
initiative goes beyond the statics of money saved. The crisis unified the company. Companies have
emerged from this as phoniex in order to understand and analysis ratio I have used profit and loss and
balance sheet of the both banks. The analysis showed various aspect of bank regarding their financial
system. Observation also indicate most widely emphasis goal of the long term and short term
requirement.

TABLE OF CONTENTS
S.No

Title

Page No.

1.

Introduction

2.

Company profile

15

3.

Objective of research

48

4.

Research methodology

50

Problems and Limitations

58

6.

Analysis & interpretation

60

7.

Findings

81

8.

SWOT analysis

86

9.

Suggestion/Recommendation

88

10.

Conclusion

91

11.

Annexure

93

12.

Bibliography

99

INTRODUCTION

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 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.
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:9

 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.
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.

10

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
analysed. 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.
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
informations.
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

11

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.
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.
b.
c.
d.
e.
f.
g.

Comparative financial statements

Common-size statements
Trend analysis
Ratio analysis
Funds flow analysis
Cash flow analysis
Break even point analysis

12

h.
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 analyse expenses
8.To analyse 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:

13

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 long-term 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.

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.
14

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 analysis
since each accounting variable is analyzed vertically. One can draw conclusion, regarding the
behavior 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 bease year is assumed to be equal to 100 and on that
basis the percentage of item of each year calculated.

15

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.

16

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
17

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:

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 firms ability to meet its current obligations.
Long Term Solvency and Leverage Ratios : Long-term solvency ratios convey a firms 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.

Profitablity 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

18

FUNCTIONAL CLASSIFICATION IN VIEW OF

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

Ratios

Leverage Ratios
-Current Ratio

Financial Operating

Inventory

-Liquid Ratio

Composite

Ratio.

(Acid) Test or

-Debt. Equity

Debtors

Quick Ratio.

Ratio

Ratio

-Absolute liquid or

-Debt to Total

Fixed

-Cash Ratio.

Capital Ratio

Turnover Ratio

-Debtors

-Interest

Total Asset Turnover Expenses Ratio

Turnover Ratio

Coverage Ratio

Ratio

-Creditors Turnover

-Capital

Ratio

Ratio

-Inventory
ratio

Turnover

Turnover In Relation to Sales.

Gross Profit Ratio.
Turnover Operating Ratio.
Operating Profit
Assets Ratio.
Net Profit Ratio.

In relation to

Gearing Working

Capital investments

Turnover Ratio.
Payables

on

Turnover Investments.

Ratio
Capital

Return

Return on capital.
Employed Return

Turnover Ratio

on

Equity

Capital.
Return

on

total

Resources
Earning per share.
Price Earning Ratio.

19

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.
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.

20

COMPANY
PROFILE

21

INTRODUCTION TO ICICI BANK

Type

Private
BSE & NSE:ICICI,
NYSE: IBN

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

Key people

K.V. Kamath,Chairman
Chanda Kochhar, Managing Director & CEO
Sandeep Bakhshi, Deputy Managing Director
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.)

Website

www.icicibank.com

22

History Of ICICI
1955: The Industrial Credit and Investment Corporation of India Limited (ICICI) was
incorporated at the initiative of World Bank, the Government of India and representatives of
Indian industry, with the objective of creating a development financial institution for
providing

medium-term

and

long-term

project

financing

to

Indian

businesses.

Mr.A.Ramaswami Mudaliar elected as the first Chairman of ICICI Limited. ICICI emerges as
the major source of foreign currency loans to Indian industry. Besides funding from the World
Bank and other multi-lateral agencies, ICICI was also among the first Indian companies to
raise funds from international markets.

1956 : ICICI declared its first dividend of 3.5%.

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

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

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

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

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

1972 : The second entity in India to set up merchant banking services. : Mr. H. T. Parekh
appointed the third Chairman of ICICI.

1977 : ICICI sponsored the formation of Housing Development Finance Corporation.

Managed its first equity public issue.

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

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

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.
23

1987 : ICICI signed a loan agreement for Sterling Pound 10 million with Commonwealth
Development Corporation (CDC), the first loan by CDC for financing projects in India.

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

1993 : ICICI Securities and Finance Company Limited in joint venture with J. P. Morgan set
up. : ICICI Asset Management Company set up.

1994: ICICI established Banking Corporation as a banking subsidiary.formerly Industrial

Credit and Investment Corporation of India. Later, ICICI Banking Corporation was renamed
as 'ICICI Bank Limited'. ICICI founded a separate legal entity, ICICI Bank, to undertake
normal banking operations - taking deposits, credit cards, car loans etc.

1996 : ICICI Ltd became the first company in the Indian financial sector to raise GDR. :
SCICI merged with ICICI Ltd. : Mr. K.V.Kamath appointed the Managing Director and CEO
of ICICI Ltd.

1997 : ICICI Ltd was the first intermediary to move away from single prime rate to three-tier
prime rates structure and introduced yield-curve based pricing. : The name The Industrial
Credit and Investment Corporation of India Ltd changed to ICICI Ltd. : ICICI Ltd announced
the takeover of ITC Classic Finance.

1998 : Introduced the new logo symbolizing a common corporate identity for the ICICI
Group. : ICICI announced takeover of Anagram Finance.

1999 : ICICI launched retail finance - car loans, house loans and loans for consumer durables.
: ICICI becomes the first Indian Company to list on the NYSE through an issue of American
Depositary Shares.

2000 : ICICI Bank became the first commercial bank from India to list its stock on NYSE.

2001: ICICI acquired Bank of Madura (est. 1943). Bank of Madura was a Chettiar bank, and
had acquired Chettinad Mercantile Bank (est. 1933) and Illanji Bank (established 1904) in the
1960s.

In October 2001, the Boards of Directors of ICICI and ICICI Bank approved the

merger of ICICI and two of its wholly owned retail finance subsidiaries, ICICI Personal
Financial Services Limited and ICICI Capital Services Limited, with ICICI Bank.

2002 : The merger was approved by shareholders of ICICI and ICICI Bank in January 2002,
by the High Court of Gujarat at Ahmadabad in March 2002, and by the High Court of
Judicature at Mumbai and the Reserve Bank of India in April 2002. Consequent to the merger,
24

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 Banks
representative office inaugurated in Dubai. ; Representative office set up in China. : ICICI
Banks UK subsidiary launched. ; Indias 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.

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. : Indias first multi-branded credit card with HPCL and
Airtel launched. : Kisan Loan Card and innovative, low-cost ATMs in rural India launched. :
ICICI Bank and CNBC TV 18 announced Indias 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
25

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 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 Banks
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.

26

2012 : ICICI Banks 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 $5 billion)
from both domestic and international markets through a follow-on public offer. ; ICICI
Banks GBP 350 million international bond offering marked the inaugural deal in the sterling
market from an Indian issuer and also the largest deal in the sterling market from Asia. ;
Launched Indias first ever jewellery card in association with jewelry major Gitanjali Group. ;
ICICI Bank became the first bank in India to launch a premium credit card -- The Visa
Signature Credit Card. ; Foundation stone laid for a regional hub in Gandhinagar, Gujarat. ;
Introduced SME Toolkit, an online resource centre, to help small and medium enterprises
start, finance and grow their business. ; ICICI Bank signed a multi-tranche dual currency US$
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 "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
27

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 cobranded 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 nonexecutive Chairman Mr N Vaghul retires after completing 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,
Indias 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 TODAY

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
28

has a network of 1,640+ branches (as 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

ICICI Bank Group

29

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

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
30

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
....................................................
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
.........................................................

31

Mr. Sandeep Bakhshi,

Deputy Managing Director
.........................................................
Mr. N. S. Kannan,
Executive Director & CFO
.........................................................
Mr. K. Ramkumar,
Executive Director
.........................................................
Mr. Sonjoy Chatterjee,
Executive Director

Board committee
Audit Committee

Board Governance Remuneration &

Nomination Committee

Mr. Sridar Iyengar, Chairman

Mr. M. K. Sharma, Alternate Chairman
Mr. Narendra Murkumbi
Mr. V. Sridar

Mr. M. K. Sharma, Chairman

Mr. K. V. Kamath
Mr. Anupam Puri
Prof. Marti G. Subrahmanyam

Corporate Social Responsibility

Committee

Customer Service Committee

Mr. M. K. Sharma, Chairman

Dr. Anup K. Pujari
Ms. Chanda D. Kochhar

Mr. K. V. Kamath, Chairman

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

Credit Committee

Fraud Monitoring Committee

Mr. K. V. Kamath, Chairman

Mr. Narendra Murkumbi
Mr. M. S. Ramachandran Mr. M .K.
Sharma
Ms. Chanda D. Kochhar

Mr. M. K. Sharma, Chairman

Mr. K. V. Kamath
Mr. Narendra Murkumbi
Ms. Chanda D. Kochhar
Mr. Sandeep Bakhshi

Risk Committee

Share Transfer & Shareholders'/

Investors' Grievance Committee

32

Mr. K. V. Kamath, Chairman

Mr. Sridar Iyengar
Dr. Anup K. Pujari
Prof. Marti G. Subrahmanyam
Mr. V. Prem Watsa
Ms. Chanda D. Kochhar
Committee of Executive Directors
Ms. Chanda D. Kochhar, Chairperson
Mr. Sandeep BakhshiMr. N. S. Kannan
Mr. K. Ramkumar
Mr. Sonjoy Chatterjee

Mr. M. K. Sharma, Chairman

Mr. Narendra Murkumbi
Mr. N. S. Kannan

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 Indias potential.

Maintain a healthy financial profile and diversify our earnings across businesses and
geographies.

Maintain high standards of governance and ethics.

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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 impressed us

34

wasthat even with overall lower costs, we could achieve significantly better query performanceafter
implementing the Sybase enterprise warehouse solution." ICICI Infotech today launched an enterprise
resourceplanning (ERP) solution for the small and medium enterprises.
The ERP package - Orion Advantage - comes bundled with an HP dual processor Xeon
server, Oracle 9i database, Windows 2003 server and costs about Rs 9.90 lakh and has a 15-user
license.
An ERP package helps a manufacturer or any other business implementing it to manage all the
important parts in the company such as product planning, parts purchasing, maintaining inventory and
interacting with suppliers and customers.
ICICI Infotech officials told a press conference here today that Orion Advantage offered a set of
business practice solutions for industry segments such as engineering, auto ancillary,
pharmaceuticals, chemicals and IT distribution. Besides the cost advantage, the ERP package also
came pre-configured. ICICI Infotech had mapped the processes specific to each industry segment into
the package.

Mr. Manoj Kunkalienkar, Executive Director and President, ICICI Infotech, said that smalland
medium enterprises (SMEs) offered a good market and ICICI Infotech hoped to become a leading
solution provider to this segment.

Mr. R.K. Kanthi, Deputy General Manager, ICICI Infotech, said there was no ERP packagefor the
SMEs that bundled the server, database and operating system right now. That was the advantage
ICICI Infotech offered to SMEs as Orion Advantage came bundled and preconfigured. Besides the

35

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%).
These type of technology gives the freedom to retail customers.

Centralized Processing Units

Derived Economies Of Scale

Electronic Straight through Processing

Reduced Transaction Cost

Data Warehousing,CRM

Improve Cost Efficiency,Cross Sell

36

Innovative Technology Application

Provide New Or Superior Products

The countrys middle class accounts for over 320 million people. In correlation with thegrowth of the
economy, rising income levels, increased standard of living, and affordability of banking products are
promising factors for continued expansion.

PRODUCTS AND SERVICES

PERSONAL BANKING
Loan Product

Auto loan
Loan against
security
Loan against
property
Personal loan
Credit card
2- wheeler loan
Commercial
vehicles finance
Home loans
Retail business
banking
Tractor loan
Working capital
finance
Construction
Equipment finance
Health care finance
Education loan
Gold loan

Cards

Credit Card

Deposit Product

Savings A/C
Current A/C
Fixed Deposits
Demat A/C
Safe Deposit
Lockers

Investment &
Insurance

Payment Services

Net Safe

Mutual Funds
Bonds
Knowledge Centre
Insurance
General And Health
Insurance
Equity And
Derivatives
Mudra Gold Bar

Access To Bank

Net Banking
37

Debit Card
Prepaid Card

-------------------------------Forex services
------------------------------- Product And
Services
Trade Services
Forex Service
Branch Locater
RBI Guidelines

Merchant
Prepaid Refill
Bill Pay
Visa Bill Pay
InstaPay
Direct Pay
VisaMoney
Transfers
E-Monies Electronic
Funds Transfer
Online Payment Of
Direct Tax

One View
InstaAlert Mobile
Banking
ATM
Phone Banking
Email Statements
Branch Network

WHOLESALE BANKING
Corporate

Funded Services
Non Funded
Services
Value Added
Services
Internet Banking

Small and Medium Financial Institutions

Enterprises
and
Trusts

Funded Services
Non Funded
Services
Specialized Services
Value Added
Services
Internet Banking

BANKS

Clearing Sub-Membership
RTGS Sub-Membership
Fund Transfer
ATM Tie- Ups
Corporate Salary A/C
Tax Collection

Financial Institutions
Mutual Funds
Stock Brockers
Insurance Companies
Commodities Business
Trusts

38

 NRI SERVICES
Accounts & Deposits

Rupee Saving A/C

Rupee Current A/C
Rupee Fixed Deposits
Foreign Currency Deposits
Accounts For Returning Indians

Remittances

North America
Uk
Europe
South East Asia
Middle East
Africa
Others
Quick Remit
India Link
Check Lock Box
Telegraphic/ Wire Transfer
Fund Transfer Cheques/Dds/Tcs

Investment & Insurances

Mutual Funds
Insurance
Private Banking
Portfolio Investment Scheme

Payment Services

Net Safe
Bill Pay
InstaPay
DirectPay
VisaMoney
Online Donation

Loans

Home Loans
Loans Against Securities
Loans Against Deposits
Gold Card Credit

Access To Bank

Net Banking
One View
InstaAlert
ATM
Phone Banking
Email Statements
Branch Networks

39

 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.

40

LIFE PLUSSenior 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.

Special senior citizens desk to cater to all banking transactions, so that you dont wait in
queues.

Higher interest rate on FD/RD:avail the combined benefits of safety,felexibility and

attractive returns with ICICI Bank Fixed Deposit and Recurring Deposit.

Free special senior citizen LIFE PLUS debit card.

Money multiplies facility.

Extended banking hours allows you to visit our branches,as per your convenience.

Anywhere banking access to various services,ICICI Bank has to offer anytime,anywhere

and from any place,including branches,ATMs and phone banking.

Nomination facility available.

Quarterly average balance(QAB) requirement of Rs.5000.

Quarterly physical statements are delivered to your doorstep to absolutely free of cost.

Passbook on request.

41

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.

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 todays
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 Banks 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.

42

Special International Womans Debit Card with lots of offers.

Free unlimited access to any banks 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, public corporations etc. Any business that has
numerous banking tranactions 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.

43

So while customers take care of their business, ICICI Banks Roaming Current Account
simplifies banking for them.
Salary Accounts

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

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

single ASCII file to the bank and the amount is directl y 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,

Free Internet Banking.

44

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.

45

Wide range of tenures 15 days to 10 years.

Choice of investment plan traditional and cumulative deposits.

Partial withdrawal allowed.

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

46

minimum period is 6 months and thereafter in multiples of 3 months,nomination facility is also

available.

Security Deposits:

A few Corporates stipulate to their new employees to provide

Security Deposit to reduce attrition. ICICI Banks 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 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 Banks Tax-Saver Fixed Deposit enables you to save tax and earn high returns. A dual benefit
option structured to maximise your advantage. ICICI Banks 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
47

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
travellers cheques, foreign currency in cash and foreign currency demand draft for your expenses
overseas. If you are a frequent traveller, 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:

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.

48

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.

Preferential rates for gol coins,deposit lockers and foreign exchange.

49

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 Banks 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.

50

Advantage Deposit

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

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 marketdriven. For optimum returns, the Government has appointed six fund managers for subscribers to
choose from.

51

 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 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

52

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

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

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OBJECTIVE OF THE
STUDY

54

OBJECTIVE OF THE STUDY

Objectives are the ends that states specifically how goal be achieved. Every study must have an
objective for which all the efforts have been done. Without objective no research can be conducted
and no result can be obtained. On the basis of objective all the research process is followed.
Objectives are the main aspect of every study. The objective of the study gives direction to go
through the research problem. It guides the researcher and keeps him on track. I have two objectives
regarding my research project. These are shown below:1. Primary objective
2. Secondary objective

1. Primary objective:-

1) To analyse the financial statement i.e P & L account and Balance sheet of ICICI BANK.
2) To analyses the financial statements of the corporation to assess its true financial position by the
use of ratios.
3) To evaluate the financial soundness, stability and liquidity of ICICI BANK.

2. Secondary objective:1) To find out the shortcomings in ICICI Bank.

2) To see whether ICICI Bank is going well or not in different areas.
3)To study the software used in ICICI Bank.

55

RESEARCH
METHODOLOGY

56

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.

The Research Methodology here includes: Objective of study

Meaning of Research.
Research Problem.
Research Design.
Data Collection method.
Analysis and interpretation of Data

57

 Meaning of Research:
Research is defined as a scientific and systematic search for pertinent information on a specific
topic. Research is an art of scientific investigation. Research is a systematized effort to gain now
knowledge. It is a careful investigation or inquiry especially through search for new facts in any
branch of knowledge. Research is an academic activity and this term should be used in a technical
sense. Research comprises defining and redefining problems, formulating hypothesis or suggested
solutions. Making deductions and reaching conclusions to determine whether they if the formulating
hypothesis. Research is thus, an original contribution to the existing stock of knowledge making for
its advancement. The search for knowledge through objective and systematic method of finding
solutions to a problem is research.

Research Problem

The first step while conducting research is careful definition of Research Problem. To ERR IS THE
HUMAN is a proverb which indicates that no one is perfect in this world. Every researcher has to
face many problems which conducting any research thats why problem statement is defined to know
which type of problems a researcher has to face while conducting any study. It is said that,
Problem well defined is problem half solved.

Basically, a problem statement refers to some difficulty, which researcher experiences in the context
of either a theoretical or practical situation and wants to obtain the solution for the same.
The problem statement here is:-

58

TO

MAKE A FINANCIAL STATEMENTS ANALYSIS OF ICICI

BANK

Research Design
A research designs is the arrangement of conditions for collection and analysis data in a manner that
aims to combine relevance to the research purpose with economy in procedure. Research Design is
the conceptual structure with in which research in conducted. It constitutes the blueprint for the
collection measurement and analysis of data. Research Design includes and outline of what the
researcher will do form writing the hypothesis and it operational implication to the final analysis of
data. A research design is a framework for the study and is used as guide in collection and analyzing
the data. It is a strategy specifying which approach will be used for gathering and analyzing the data.
It also include the time and cost budget since most studies are done under these two cost budget since
most studies are done under theses tow constraints. The design is such studies must be rigid and not
flexible and most focus attention on the following:-

What is the study about?

Why is the study being made?
Where will the study be carried out?
What type of data is required?
Where can be required data be found?
What period of time will the study include?
What will be sample design?
What techniques of data collection will be used?

59

 How will the data be analyzed?

In what style will the report be prepared?

TYPES OF RESEARCH DESIGN :

EXPERIMENTAL RESEARCH DESIGN
EXPLORATORY RESEARCH DESIGN
DESCRIPTIVE& DIAGNOSTIC RESEARCH

Exploratory Research Design: This research design is preferred when researcher has a vague idea
about the problem the researcher has to explore the subject.

Experimental Research Design The research design is used to provide a strong basis for the
existence of casual relationship between two or more variables.

Descriptive Research Design It seeks to determine the answers to who, what, where, when and
how questions. It is based on some previous understanding of the matter.

Diagnostic Research Design It determines the frequency with which something occurs or its
association with something else.

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
60

understanding of the topic. Research has got a very specific objective and clear cut data requirements
The researcher had to use fact and information already available through financial statements of
earlier years and analyses these to make critical evaluation of the available material. Hence by
making the type of the research conducted to be both Descriptive and Analytical in nature. From the
study, the type of data to be collected and the procedure to be used for this purpose were decided.

Data Collection Method

The process of data collection begins after a research problem has been defined and research design
ahs been chalked out. There are two types of data

PRIMARY DATA It is first hand data, which is collected by researcher itself. Primary data is collected by various
approaches so as to get a precise, accurate, realistic and relevant data. The main tool in gathering
primary data was investigation and observation. It was achieved by a direct approach and observation
from the officials of the company.

SECONDARY DATA - it is the data which is already collected by someone else. Researcher has to
analyze the data and interprets the results. It has always been important for the completion of any
report. It provides reliable, suitable, adequate and specific knowledge.

61

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 Banks 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,dharmshala 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.
3. Ratio Analysis.
4. Cash Flow Statement.

62

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.

63

Limitations of
study

64

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 companys good or bad financial
position.

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

65

FINANCIAL
ANALYSIS

66

BALANCE SHEET OF ICICI BANK LTD.

As On Mar 2010,Mar 2011,Mar 2012,Mar2013,Mar2014.

CAPITAL
AND
LIABILITIES:
Total Share
Capital
Equity Share
Capital
Share
Application
Money
Preference Share
Capital
Reserves
Revaluation
Reserves
Net Worth
Deposits
Borrowings
Total Debt
Other Liabilities
And Provisions
Total Liabilities

(Rs. In crores)

2010

2011

2012

2013

2014

1086.75

1239.83

1249.34

1462.68

1463.29

736.75

889.83

899.34

1112.68

1113.29

0.02

0.00

0.00

0.00

0.00

350.00

350.00

350.00

350.00

350.00

11813.20
0.00

21316.16
0.00

23413.92
0.00

45357.53
0.00

48419.73
0.00

12899.97
99818.78
33544.50
146263.25
21396.17

22555.99
165083.17
38521.91
226161.17
25227.88

24663.26
230510.19
51256.03
306429.48
38228.64

46820.21
244431.05
65648.43
356899.69
42895.39

49883.02
218347.82
67323.69
335554.53
43746.43

167659.42

251388.95

344658.12

399795.08

379300.96

6344.90

8934.37

18706.88

29377.53

17536.33

6585.07

8105.85

18414.45

8663.60

12430.23

91405.15
50487.35
5525.65
1487.61

146163.11
71547.39
5968.57
1987.85

195865.60
91257.84
6298.56
2375.14

225616.08
111454.34
7036.00
2927.11

218310.85
103058.31
7443.71
3642.09

4038.04
96.30

3980.72
147.94

3923.42
189.66

4108.89
0.00

3801.62
0.00

8702.59

12509.57

16300.26

20574.63

24163.62

ASSETS:
Cash And
Balances With
RBI
Balances With
Banks,Money At
Call
Advances
Investments
Gross Block
Accumulated
Depreciation
Net Fixed Assets
Capital Work In
Progress
Other Assets

67

Total Assets
Contingent
liabilities
Bills for
collection
Book
value(Rs.)
EPS
No. of
equity shares

167659.40
251388.95
344658.11
399795.07
97507.79
119895.78
177054.18
371737.36

379300.96
803991.92

9803.67

15025.21

22717.23

29377.55

36678.71

170.35

249.55

270.37

417.64

445.17

27.22
736716094

28.55
889823901

34.59
899266672

37.37
1112687495

33.78
1113250642

PROFIT AND LOSS ACCOUNT OF ICICI BANK LTD.

For The Year Ended Mar2010,Mar2011,Mar2012,Mar2013,Mar2014 (Rs. In Crores)

INCOME:
Interest Earned
Other Income
Total Income
EXPENDITURE:
Interest Expended
Operating
Expenses
Total Expenses
Operating Profit
Other Provision
And Contigencies
Provision For Tax
Net Profit
Extraordinary
Items
Profit B/F
Total
Preference
Dividend
Equity Dividend
Corporate
Dividend Tax
Pershare Data
Eps(Rs.)
Equity

2010

2011

2012

2013

2014

9409.90
3416.14
12826.04

13784.49
4983.14
18767.63

22994.29
5929.17
28923.46

30788.34
8810.77
39599.11

31092.55
7603.72
38696.27

6570.89
3299.15

9597.45
4479.51

16358.50
6690.56

23484.24
8154.18

22725.93
7045.11

9870.04
2956
428.80

14076.96
4690.67
1594.07

23049.06
5874.40
2226.36

31638.42
7960.69
2904.59

29771.04
8925.23
3808.26

522
2010.20
0.00

556.53
2540.07
0.00

537.82
3110.22
0.00

898.37
4157.73
0.00

1358.84
3758.13
(0.58)

53.09

188.22

293.44

998.27

2436.32

2058.29
0.00

2728.29
0.00

3403.66
0.00

5156.00
0.00

6193.87
0.00

632.96
90.10

759.33
106.50

901.17
153.10

1227.70
149.67

1224.58
151.21

27.22
85.00

28.55
85.00

34.59
100.00

37.37
110.00

33.78
110.00
68

Dividend(%)
Book Value(Rs)
Appropriations
Transfer To
Statutory Reserve
Transfer To Other
Reserve
Proposed
Dividend/Transfer
To Govt
Balance C/F To
Balance Sheet
Total

170.35

249.55

270.37

417.64

445.17

547.00

248.69

1351.12

1342.31

2013.42

600.01

1320.34

0.00

0.01

0.01

723.06

865.83

1054.27

1377.37

1375.79

188.22

293.44

998.27

2436.32

2809.65

2058.29

2728.30

3403.66

5156.01

6193.87

FINANCIAL STATEMENT ANALYSIS

Comparative Balance Sheet Of ICICI Bank From 2010-2011 To 2013-2014
PARTICULA
RS

2010-2011

2011-2012

2012-2013

(Rs. in crores)
20132014

Absolute
change

% of
change

Absolut
e
change

% of
change

Absolute
change

% of
change

Absolute
change

153.08
9502.96

14
80

9.51
2097.76

0.8
10

213.34
21943.61

17
94

0.61
3062.2

.04
7

65264.39
4977.41
3831.71

65
15
18

65427.02
12734.12
13000.76

40
33
51.5

13920.86
14392.4
4666.75

6
28
12

(26083.23)
1675.26
851.04

11
2.5
2

83729.55

50

93269.17

37

55136.96

16

(20494.12)

5.1

CAPITAL
AND
LIABILITI
ES:
Capital

Reserves and
surplus
Deposits
Borrowings
Other
Liabilities and
Provisions

TOTAL
CAPITAL AND
LIABILITIES

69

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

(307.27)

Capital Work
In Progress
Current assets
TOTAL
ASSETS:

51.64

54

41.72

28.2

(189.66)

-100

7917.23
83729.55

37
50

23871.8
93269.16

81
37

5194.17
55136.96

10
16

0.00
(4485.58)
(20494.11)

(7.
5)
(3.
25)
(7.
5)
0.0
0
(8)
(5.
1)

Interpretation

The capital of bank increased by 14% in 2010-11,0.8% in 2011-12,17%

in 2012-13,and .04 % in 2013-14.This shows that there is fluctuation in
the rate of increase in the capital. In 2010-11 and 2012-13 the rate of
increase in capital is more than that of 2011-12 and 2013-14.
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%,in 2011-12 it increased by 40%,and

an increase of 6% in 2012-13.in 2013-14 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 2013-14

the borrowings have increased at a very low rate this shows that bank has

70

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 2010-11,an increase of 34% in 201112,15% increase in 2012-13 and finally decreased by 3.25% in 2013-14.

There has been a consistent decline in the fixed assets over years in 201011 and 2011-12 it decreased by 1.4 % ,increased by 5% in 2012-13 and
again decreasing by 7.5% in 2013-14.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

2010-11, rate of increase rose to 80% in 2011-12 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 2013-14 by
8 %.this is mainly due to the repayment of deposits in the years 2013-14.

71

Comparative Income Statement Of ICICI Bank From 2010-2011 To

2013-2014
2010-2011

PARTICULARS

2011-2012

2012-2013

(Rs. in crores)
2013-2014

Absolute
change

% of
change

Absolute
change

% of
change

Absolute
change

% of
change

Absolute
change

5941

46.3

10156

54.1

10676

37

(902.84)

Interest expended
Operating
expenses
Total expenses
Operating profit

3026.56
1180.36

46
36

6761.05
2211.05

70.4
49.3

7125.74
1463.62

43.5
22

(758.31)
(1109.07

4206.92
1734.67

43
59

8972.1
1183.73

64
25.2

8589.36
2086.29

37.2
35.5

(1867.38)
964.54

Provision and
contigencies

1199.8

126.1

613.58

28.5

1038.78

37.5

1364.14

534.87

27

570.15

22.4

1047.51

34

(399.6)

0.00

0.00

0.00

0.00

0.00

0.00

(0.58)

135.13

254.5

105.22

56

704.83

21

1438.05

670

32.55

675.37

25

1752.34

51.4

1037.87

INCOME:

Operating income
EXPENDITURE:

Net profit for the

year
Extraordinary
items
Profit brought
forward
TOTAL
PROFIT/(LOSS):

Interpretation:-

The net profit shows a fluctuating trend i.e it increased by 27% in 2010-11,22.4% increase in
2011-12,and increased by 34% in 2012-13 and finally if falls by 10% in2013-14.this may be
due to decline in operating income and increased tax liability in the year 2013-14.
The interest expenses from the period 2010 to 2013 showed an increasing trend but decreased
in 2013-14 due to repayment of borrowings.

72

TREND ANALYSIS
Trend Percentage Of ICICI Bank From 2004-2010 To 2013-2014
(base year 2004 -05)

Percentage(%) figures

Particulars

2010

2011

2012

2013

2014

Deposits
Advances
Net profit

100
100
100

165
160
127

231
214
155

245
247
207

219
239
187

Trend graph of ICICI Bank

300
250
200

DEPOSITS
ADVANCES
NET PROFIT

(%)
150
100
50
0
2010

2011

2012

2013

2014

Years
Interpretation:
There is a continuous increase in the deposits till the year ending 2013 followed by a downfall in the
year ending 2014 due to repayment deposits in this year.
Similarly advances also shows as increasing trend till the year ending 2013 followed by a slight
downfall in the year ending 2014.
There has been a substantial increase in net profit till the year ending 2013.In four years it has been
more than double.

73

RATIO ANALYSIS
CURRENT RATIO = CURRENT ASSETS / CURRENT LIABILITY

Current Ratio of ICICI Bank for the period of

2010-2014
1.6
1.39

1.4
1.2

1.36
1.23

1.17
1.01

Ratio
0.8

Current Ratio

0.6
0.4
0.2
0
2010

2011

2012

2013

2014

Years

Year
2010
2011
2012
2013
2014

Current Assets

Current Liabilities

(Rs. In crores)

(Rs. In crores)

21632.56
29549.79
53421.59
58615.76
54130.18

21396.16
25227.88
38228.64
42895.38
43746.43

Current Ratio
1.01
1.17
1.39
1.36
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
bank 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.

74

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.
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
0.97

0.88
0.8
Ratio

0.68

0.67
0.6

0.6

Liquid Ratio

0.4
0.2
0
2010

2011

2012

2013

2014

Years

2010
2011
2012
2013
2014

12929.97
17040.22
37121.33
38041.13
29966.56

21396.16
25227.88
38228.64
42895.38
43746.43

0.60
0.67
0.97
0.88
0.68

Interpretation:
A quick ratio of 1:1 is considered favourable because for every rupee of current liability,there is
atleast one rupee of liquid assets. A higher value of ratio is considered favourable. Here this ratio is
less than 1 in 2010,2011 & 2014 but in 2012 & 2013 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 utilise its funds to maintain an ideal liquid ratio.
75

EARNING PER SHARE:

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

Earnings Per Share Ratio of ICICI Bank for the

period of 2010-2014
40

37.37
34.59

35
30

27.22

33.78

28.55

25
Ratio
20

Earnings Per Share

15
10
5
0
2010

2011

2012

2013

2014

Years

Year
2010
2011
2012
2013
2014

Net Income Available

For Shareholders

No. Of Equity
Shares

(Rs. In crores)

(Rs. In crores)

2010.2
2540.07
3110.22
4157.73
3758.13

73.6716
88.9823
89.9266
111.2687
111.325

EPS
27.22
28.55
34.59
37.37
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 shows a persistent increase till the year 2013 after that in the year 2014
Earning Per share is followed by a downfall due to decline in profits.

76

DIVIDEND PER SHARE :

Dividend per Share = Dividend Paid To Equity Shareholders
No. Of Equity Shares

Dividend Per Share Ratio of ICICI Bank for the

period of 2010-2014
12

11.03

11

10.02
10

8.59

8.53

8
Ratio
6

Dividend Per Share

Ratio

4
2
0
2010

2011

2012

2013

2014

Years

Year
2010
2011
2012
2013
2014

Dividend Paid

No. Of Equity
Shares

(Rs. In crores)

(Rs. In crores)

632.96
759.33
901.17
1227.7
1224.58

73.6716
88.9823
89.9266
111.2687
111.325

DPS
8.59
8.53
10.02
11.03
11

Interpretation:
Here the Dividend Per Share is increasing year after year except a little decline in 2014.otherwise the
dividend per share ratio of the bank is quite satisfactory which shows the bank has a good dividend
paying capacity.

77

NET PROFIT RATIO:

Net Profit Ratio = Net Profit X 100
Net Sales
Net Profit Ratio of ICICI Bank for the period of 2010-2014
25
21.3
20

18.42

15
Ratio

13.52

13.5
12.08

Net Profit Ratio

10
5
0
2010

Year
2010
2011
2012
2013
2014

2011

2012
Years

Net Profit

Sales

(Rs. In crores)

(Rs. In crores)

2010.2
2540.07
3110.22
4157.73
3758.13

9409.9
13784.49
22994.29
30788.34
31092.55

2013

2014

Net Profit Ratio

(in %)
21.3
18.42
13.52
13.5
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.

78

OPERATING PROFIT RATIO:

Operating Profit Ratio =

Operating Profit X100

Net Sales

Operating Profit Ratio of ICICI Bank for the period

of 2010-2014
40
35

34.02
31.41
28.7

30
25.54

25.85

Ratio25
20

Operating Profit Ratio

15
10
5
0
2010

2011

2012

2013

2014

Years

Year
2010
2011
2012
2013
2014

Operating Profit

Sales

(Rs. In crores)

(Rs. In crores)

Operating Profit
Ratio (in %)

2956
4690.67
5874.4
7960.69
8925.23

9409.9
13784.49
22994.29
30788.34
31092.55

31.41
34.02
25.54
25.85
28.7

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 2012 till 2013 and again gaining momentum in 2014. 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.

79

RETURN ON NET WORTH:

Return On Net Worth = Net Profit After Interest And Tax x 100
Shareholders Funds
Return On Net Worth Ratio of ICICI Bank for the
period of 2010-2014
18
16

15.54

14

12.61
11.26

12

8.88

10
Ratio8

7.53

Return on Net Worth

6
4
2
0
2010

2011

2012

2013

2014

Years

Year
2010
2011
2012
2013
2014

Net Profit After

Interest And Tax

Shareholder's Fund

(Rs. In crores)

(Rs. In crores)

2010.2
2540.07
3110.22
4157.73
3758.13

12899.97
22555.99
24663.26
46820.21
49883.02

Return On Net
Worth (in %)
15.54
11.26
12.61
8.88
7.53

Interpretation:

The net profit after interest and tax have increased slowly till the year 2013 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 2014 than it was in
2010.
80

RETURN ON CAPITAL EMPLOYED:

Return On Capital Employed of ICICI Bank for the
period of 2010-2014
9
7.99

8.29

8
7

6.52

6.22
5.61

6
Ratio
5

Return On Capital Employed

4
3
2
1
0
2010

2011

2012

2013

2014

Years

Year
2010
2011
2012
2013
2014

Net Profit Before

Interest And Tax

Capital Employed

(Rs. In crores)

(Rs. In crores)

9098.09
12694.05
20006.54
28540.34
27842.9

146263.25
226161.17
306429.48
356899.69
335554.53

Return On Capital
Employed (in %)
6.22
5.61
6.52
7.99
8.29

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 2010. After that it
raised to the tune of 5.61%,6.52%,7.99% and 8.29% in year 2011, 2012, 2013 and year 2014
respectively. It lead to the conclusion bank rising but very little proportion of return on capital
employed.
81

DEBT- EQUITY RATIO:

Debt Equity ratio of ICICI Bank for the period of
2010-2014
14
12

12.97
11.99
10.14

10
7.53

Ratio
8

6.6

Debt Equity Ratio

4
2
0
2010

2011

2012

2013

2014

Years

Year
2010
2011
2012
2013
2014

Debt

Equity

(Rs. In crores)

(Rs. In crores)

154759.45
228832.96
319994.86
352974.87
329417.94

12899.97
22555.99
24663.26
46820.21
49883.02

Debt Equity Ratio

11.99
10.14
12.97
7.53
6.6

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.

82

PROPRIETORY RATIO:
Proprietory Ratio = Shareholders Fund
Total Assets
Proprietory 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
2010

2011

2012

2013

2014

Years

Years
2010
2011
2012
2013
2014

Shareholder's Funds

Total Assets

(Rs. In crores)

(Rs. In crores)

12899.97
22555.99
24663.26
46820.21
49883.02

167659.4
251388.95
344658.11
399795.07
379300.96

Proprietory Ratio
0.07
0.08
0.07
0.12
0.13

Interpretation:
Above table exhibits the proprietary ratio of the bank for last five years . It was 7% in 2010,After that
was 8% in year 2011. Similarly it was once again reduced to 7 % in the year 2012. After 2012 it
registered increase and was 12% and 13% in the year 2013 and 2014 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.

83

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 2010-2014
9
8
7
6
Ratio
5
4
3
2
1
0

8.17
7.49
5.86
Fixed assets Turnover
Ratio

3.46
2.33

2010

2011

2012

2013

2014

Years

Year
2010
2011
2012
2013
2014

Sales

Net Fixed Assets

(Rs. In crores)

(Rs. In crores)

9409.9
13784.49
22994.29
30788.34
31092.55

4038.04
3980.72
3923.42
4108.89
3801.62

Fixed Assets
Turnover Ratio
2.33
3.46
5.86
7.49
8.17

Interpretation:
Here the fixed assets employed in the business shows a decreasing trend except in the year 2013
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.

84

CREDIT-DEPOSIT RATIO:
Credit

Deposit

Ratio

Credits

100

Deposits

Credit Deposit ratio of ICICI bank for the period of

2010-2014
1.05
0.99

1
0.95
Ratio
0.9

0.92

0.91
0.88

Credit Deposit ratio

0.84

0.85
0.8
0.75
2010

2011

2012

2013

2014

Years
Year
2010
2011
2012
2013
2014

Advances

Deposits

(Rs. In crores)

(Rs. In crores)

91405.15
146163.11
195865.6
225616.08
218310.85

99818.78
165083.17
230510.19
244431.05
218347.82

Credit Deposit Ratio

(in%)
91
88
84
92
99

Interpretation:
Above table exhibits credit deposit ratio of the bank during last 5 years in the year 2010 ratio was
91% and it declined to 88% and 84%in the year 2011 and 2012 respectively. In the year 2013 and
2014 ratio was increased to 92% and 99% respectively. it leads to conclusion that credit
performance of the bank is very good.
85

CASH FLOW STATEMENT OF ICICI BANK

Profit before tax

Net cash flow-operating
activity
Net cash used in
investing activity
Net cash used in fin.
Activity
Net inc/dec in cash and
equivalent
Cash and equivalent
begin of year
Cash and equivalent end
of year

2010

2011

2012

2013

2014

2,527.20

3,096.61

3,648.04

5,056.10

5,116.97

9,131.72

4,652.93

23,061.95

-11,631.15 -14,188.149

-3,445.24

-7,893.98

-18,362.67

-17,561.11 3,857.88

-1,227.13

7,350.90

15,414.58

29,964.82

1,625.36

4,459.34

4,110.25

20,081.10

683.55

-8,074.57

8,470.63

12,929.97

17,040.22

37,357.58

38,041.13

12,929.97

17,040.22

37,121.32

38,041.13

29,966.56

86

FINDINGS

87

Findings
Profit before tax for the year ended March 31, 2014 (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,
2013 (FY2013).

Profit after tax for FY2014 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 FY2013 to
Rs. 8,367 crore (US$ 1,650 million) for FY2014. While the advances declined marginally
year-on-year, the net interest income increased due to improvement in net interest margin
from 2.2% in FY2013 to 2.4% in FY2014.

Operating expenses (including direct marketing agency expenses) decreased 14% to Rs. 6,835
crore (US$ 1,348 million) in FY2014 from Rs. 7,972 crore (US$ 1,572 million) in FY2013.
The cost/average asset ratio for FY2014 was 1.8% compared to 2.2% for FY2013.
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 Banks 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. The Bank continues to invest in expansion of its branch network to enhance its
88

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, 2014, compared to Rs. 244,431 crore (US$ 48.2 billion) at March 31, 2013. The
reduction in term deposits by Rs. 24,970 crore (US$ 4.9 billion) was primarily due to the Banks
conscious strategy of paying off wholesale deposits. During Q4-2014, 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, 2014
from 26.1% at March 31, 2013.
The branch network of the Bank has increased from 755 branches at March 31, 2012 to 1,438
branches at April 24, 2014. 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, 2014 from Rs.
225,616 crore (US$ 44.5 billion) at March 31, 2013.

Liquidity position

The liquid ratio of the bank in the year 2010,2011 and 2014 is 0.60,0.67and 0.68 respectively and
the year 2012 and 2013 liquid ratio is 0.97 and 0.88 respectively which is close to 1.Though it is

89

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.
Capital adequacy and return on capital employed
The Banks capital adequacy at March 31, 2014 as per Reserve Bank of Indias revised guidelines
on Basel II norms was 15.5% and Tier-1 capital adequacy was 11.8%, well above RBIs
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, 2014, the Banks 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.

90

 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.
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.

91

SWOT ANALYSIS OF
ICICI HOME
FINANACE

92

SWOT ANALYSIS OF ICICI HOME FINANACE

STRENGTH
1) Save substantial interest.
2) Prepay whenever the customer.
3) Reduce their loan outstanding.
4) Access the surplus finds anytime.
5) Use surplus funds to invest when the right opportunities arises.

WEAKNESS

Product is very good but it is mainly suitable for higher income group & is not suitable for the
Middle income group

OPPORTUNITIES

There is ample scope for financing flats & apartments for the salaried class in the higher income
Group.

THREATS

1) Nationalized banks like SBI, Union Bank, PNB.

2) Private Banks likes HDFC & standard chartered & Citi Bank with its home credit scheme.

93

SUGGESTIONS

94

Suggestions/Recommendation
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 its 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 FDs etc.

95

 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 its 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.

96

CONCLUSION

97

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 satisfactory. Though the
income of the bank has increased over the period but not in the same pace as of expenses but the bank
has succeeded in maintaining a reasonable profitability position.

The bank has succeeded in increasing its share capital also which has increased around 50% in the
last 5 years. Individuals are the major shareholders. The major achievement of the bank has been a
tremendous increase in its deposits, which has always been its main objective. Fixed and current
deposits have also shown an increasing trend.

Equity shareholders are also enjoying an increasing trend in the return on their capital. Though
current assets and liabilities (current liquidity) of the bank is not so satisfactory but bank has
succeeded in maintaining a stable solvency position over the years. As far as the ratio of external and
internal equity is concerned, it is clear that bank has been using more amount of external equity in the
form of loans and borrowings than owners equity. Banks investments are also showing an
increasing trend. Due to increase in advances, the interest received by the bank from such advances is
proving to be the major source of income for the bank.

98

Annexure

99

BALANCE SHEET OF ICICI BANK LTD.

As On Mar 2010,Mar 2011,Mar 2012,Mar2013,Mar2014.

CAPITAL
AND
LIABILITIES:
Total Share
Capital
Equity Share
Capital
Share
Application
Money
Preference Share
Capital
Reserves
Revaluation
Reserves
Net Worth
Deposits
Borrowings
Total Debt
Other Liabilities
And Provisions
Total Liabilities

(Rs. In crores)

2010

2011

2012

2013

2014

1086.75

1239.83

1249.34

1462.68

1463.29

736.75

889.83

899.34

1112.68

1113.29

0.02

0.00

0.00

0.00

0.00

350.00

350.00

350.00

350.00

350.00

11813.20
0.00

21316.16
0.00

23413.92
0.00

45357.53
0.00

48419.73
0.00

12899.97
99818.78
33544.50
146263.25
21396.17

22555.99
165083.17
38521.91
226161.17
25227.88

24663.26
230510.19
51256.03
306429.48
38228.64

46820.21
244431.05
65648.43
356899.69
42895.39

49883.02
218347.82
67323.69
335554.53
43746.43

167659.42

251388.95

344658.12

399795.08

379300.96

6344.90

8934.37

18706.88

29377.53

17536.33

6585.07

8105.85

18414.45

8663.60

12430.23

91405.15
50487.35
5525.65
1487.61

146163.11
71547.39
5968.57
1987.85

195865.60
91257.84
6298.56
2375.14

225616.08
111454.34
7036.00
2927.11

218310.85
103058.31
7443.71
3642.09

4038.04
96.30

3980.72
147.94

3923.42
189.66

4108.89
0.00

3801.62
0.00

8702.59
167659.40

12509.57
251388.95

16300.26
344658.11

20574.63
399795.07

24163.62
379300.96

ASSETS:
Cash And
Balances With
RBI
Balances With
Banks,Money At
Call
Advances
Investments
Gross Block
Accumulated
Depreciation
Net Fixed Assets
Capital Work In
Progress
Other Assets
Total Assets

100

Contingent
liabilities
Bills for
collection
Book
value(Rs.)
EPS
No. of
equity shares

97507.79

119895.78

177054.18

371737.36

803991.92

9803.67

15025.21

22717.23

29377.55

36678.71

170.35

249.55

270.37

417.64

445.17

27.22
736716094

28.55
889823901

34.59
899266672

37.37
1112687495

33.78
1113250642

PROFIT AND LOSS ACCOUNT OF ICICI BANK LTD.

For The Year Ended Mar2010,Mar2011,Mar2012,Mar2013,Mar2014 (Rs. In Crores)

INCOME:
Interest Earned
Other Income
Total Income
EXPENDITURE:
Interest Expended
Operating
Expenses
Total Expenses
Operating Profit
Other Provision
And Contigencies
Provision For Tax
Net Profit
Extraordinary
Items
Profit B/F
Total
Preference
Dividend
Equity Dividend
Corporate
Dividend Tax
Pershare Data
Eps(Rs.)
Equity
Dividend(%)

2010

2011

2012

2013

2014

9409.90
3416.14
12826.04

13784.49
4983.14
18767.63

22994.29
5929.17
28923.46

30788.34
8810.77
39599.11

31092.55
7603.72
38696.27

6570.89
3299.15

9597.45
4479.51

16358.50
6690.56

23484.24
8154.18

22725.93
7045.11

9870.04
2956
428.80

14076.96
4690.67
1594.07

23049.06
5874.40
2226.36

31638.42
7960.69
2904.59

29771.04
8925.23
3808.26

522
2010.20
0.00

556.53
2540.07
0.00

537.82
3110.22
0.00

898.37
4157.73
0.00

1358.84
3758.13
(0.58)

53.09

188.22

293.44

998.27

2436.32

2058.29
0.00

2728.29
0.00

3403.66
0.00

5156.00
0.00

6193.87
0.00

632.96
90.10

759.33
106.50

901.17
153.10

1227.70
149.67

1224.58
151.21

27.22
85.00

28.55
85.00

34.59
100.00

37.37
110.00

33.78
110.00

101

Book Value(Rs)
Appropriations
Transfer To
Statutory Reserve
Transfer To Other
Reserve
Proposed
Dividend/Transfer
To Govt
Balance C/F To
Balance Sheet
Total

170.35

249.55

270.37

417.64

445.17

547.00

248.69

1351.12

1342.31

2013.42

600.01

1320.34

0.00

0.01

0.01

723.06

865.83

1054.27

1377.37

1375.79

188.22

293.44

998.27

2436.32

2809.65

2058.29

2728.30

3403.66

5156.01

6193.87

102

FINANCIAL STATEMENT ANALYSIS

Comparative Balance Sheet Of ICICI Bank From 2010-2011 To 2013-2014
PARTICULA
RS

2010-2011

2011-2012

2012-2013

(Rs. in crores)
20132014

Absolute
change

% of
change

Absolut
e
change

% of
change

Absolute
change

% of
change

Absolute
change

153.08
9502.96

14
80

9.51
2097.76

0.8
10

213.34
21943.61

17
94

0.61
3062.2

.04
7

65264.39
4977.41
3831.71

65
15
18

65427.02
12734.12
13000.76

40
33
51.5

13920.86
14392.4
4666.75

6
28
12

(26083.23)
1675.26
851.04

11
2.5
2

83729.55

50

93269.17

37

55136.96

16

(20494.12)

5.1

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

(307.27)

Capital Work
In Progress
Current assets
TOTAL
ASSETS:

51.64

54

41.72

28.2

(189.66)

-100

7917.23
83729.55

37
50

23871.8
93269.16

81
37

5194.17
55136.96

10
16

(7.
5)
(3.
25)
(7.
5)
0.0
0
(8)
(5.
1)

CAPITAL
AND
LIABILITI
ES:
Capital

Reserves and
surplus
Deposits
Borrowings
Other
Liabilities and
Provisions

TOTAL
CAPITAL AND
LIABILITIES

ASSETS:

0.00
(4485.58)
(20494.11)

103

CASH FLOW STATEMENT OF ICICI BANK

Profit before tax

Net cash flow-operating
activity
Net cash used in
investing activity
Net cash used in fin.
Activity
Net inc/dec in cash and
equivalent
Cash and equivalent
begin of year
Cash and equivalent end
of year

2010

2011

2012

2013

2014

2,527.20

3,096.61

3,648.04

5,056.10

5,116.97

9,131.72

4,652.93

23,061.95

-11,631.15 -14,188.149

-3,445.24

-7,893.98

-18,362.67

-17,561.11 3,857.88

-1,227.13

7,350.90

15,414.58

29,964.82

1,625.36

4,459.34

4,110.25

20,081.10

683.55

-8,074.57

8,470.63

12,929.97

17,040.22

37,357.58

38,041.13

12,929.97

17,040.22

37,121.32

38,041.13

29,966.56

104

BIBLIOGRAPHY

105

BIBLIOGRAPHY
Books Reffered:
Accountancy. R.K. Mittal,A.K.Jain.
Financial Management- Theory and Practice. Shashi.K.Gupta , R.K. Sharma.
Essentials of Corporate Finance 2nd edition ,Irwin /McGraw-Hill.Ross, S.A.,R.W. Westerfield
and B.D. Jordan.
Basic Financial Management ,8th edition ,Prentice -Hall,Inc. Scott, D.F., J.D Martin, J.W.
Petty and A.Keown.

Internet websites:
Www.Icicibank.Com
Www.Moneycontrol.Com
WWW.Money.Rediff.Com
Www.Wikipedia.Org
Www.Scribd.Com
Www.Managementparadise.Com

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