HR Practices of Bank-ICICI

Prepared By:
Hardik
Rahul
Jashu
Smital
Rushank
Himanshu
What is Bank?
A bank is a financial intermediary.

accepts deposits

channels deposits into lending activities

directly or through capital markets

Basic Functions
Accepting of deposits
Current deposit Account
Fixed deposit
Savings deposit Account

Granting of loans
Loans
Making ordinary loans
Cash credit
Overdraft
Types of Banks
ICICI BANK LIMITED

Chairman: Kundapur Vaman Kamath

CEO:Chanda Kochhar
ICICI Bank is India's second-largest bank with total assets of
Rs. 3,634.00 billion at March 31, 2010 and profit after tax Rs.
40.25 billion for the year ended March 31, 2010.
The Bank has a network of 2,528 branches and 6,000 ATMs in
India, and has a presence in 19 countries, including India.
ICICI Bank offers a wide range of banking products and
financial services to corporate and retail customers through a
variety of delivery channels and through its specialised
subsidiaries in the areas of investment banking, life and non-life
insurance, venture capital and asset management.
HR practices: ICICI bank
ICICI Bank views its human capital as a key source of competitive
advantage.
Consequently the development and management of human capital is
an essential element of their strategy and a key management
activity.
continuous improvement of recruitment, training and performance
management processes.
The recruitment process has been streamlined and a uniform
recruitment policy and process implemented across the organization.
Robust ability-testing and competency-profiling tools are being used
to strengthen the campus recruitment process.
Contnd..

ICICI Bank encourages cross-functional movement,

enriching employees knowledge and experience and
giving them a holistic view of the organization.
ICICI Bank has built strong capabilities in training and
development to build competencies.
Training through web-based training modules.
Special programmes on functional training and
leadership development to build knowledge as well as
management ability are conducted at a dedicated
training facility.
Contnd

ICICI Bank seeks to build in all its employees a total

commitment towards exceptional standards of
performance and productivity, adaptability to changing
organizational needs and the demands of the business
environment and a willingness to learn and acquire
new capabilities.
ICICI Bank believes in defining clear performance
parameters for employees and empowering them to
achieve their goals. This has helped to create a culture
of high performance across the organization.
A smart trick!!!

No promotion & No bonus but no attrition too!!

Have you ever seen the Chief of Human Resource coming out
and crying loud on no promotion, no bonus, no increment, and
no hiring policy of a company??
ICICI bank is an exception and is doing this smartly.
Two purposes : 1. Cutting down employee cost
2. Employee retention.
o The first one doesnt need any elaboration. But 2nd one is
surprizing, right??!!!
Contnd.

The reason can be understandable by an

example
The day ICICI announces this policy, one of its
employee tries his luck at some other company. As
soon as the big question comes from the interviewer
regarding salary hike, he replies that he is expecting a
hike of 30%. Guess what the reply of interviewer is?
Even after todays announcement by your
organization you are expecting a hike of 30%. Sorry
to say but we can not offer a hike more than 10%.
Finally hell decide not to leave..