Vishweshwar Education Societ1

8/20/2019 Vishweshwar Education Societ1

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Vishweshwar Education Society’s

Indira Institute of Business Management

PROJECT REPORT ON

FINANCIAL ANALYSIS OF ICICI BANK

BY

ROJA AMOAR MERALA

ROLL NO! "#$%&'

IN PARTIAL F(LFILLMENT OF

MASTER OF MANA)EMENT ST(IES

(NI*ERSITY OF M(MBAI

MARC+ "#$'

(NER T+E )(IANCE OF

Prof, Pu-a Pati.

1


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CERTIFICATE

-his is to certi#y that "sRo-a amodar Mera.a o# Indira Institute of

Commer0e and Business Management has success#ully completed the project

wor+ titled “Finan0ia. Ana.1sis of ICICI Ban23 in partial #ul#illment o#

re.uirement #or the completion o# /0/ course as prescribed by the olle%e -his

project report is the record o# authentic wor+ carried out by her durin% the period

#rom *ec &'12 to "arch &'1

She has wor+ed under my %uidance

Signature

Name

Pro-e0t )uide 4Interna.5

*ate3

ounter si%ned by

Si%nature

ame

ire0tor

*ate3

4


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ACKNO6LE)EMENT

I ta+e this opportunity to e5press my pro#ound %ratitude and deep re%ards to my

%uide Prof, Pu-a Pati. #or his e5emplary %uidance, monitorin% and constant

encoura%ement throu%hout the course o# this thesis -he blessin%, help and

%uidance %i!en by him time to time shall carry me a lon% way in the journey o# li#e

on which I am about to embar+

I also ta+e this opportunity to e5press a deep sense o# %ratitude to ompany

"entor ame, *esi%nation, ompany ame, #or his6her cordial support, !aluable

in#ormation and %uidance, which helped me in completin% this tas+ throu%h

!arious sta%es

I am obli%ed to sta## members o# (ompany ame), #or the !aluable in#ormation

pro!ided by them in their respecti!e #ields I am %rate#ul #or their cooperation

durin% the period o# my assi%nment

7astly, I than+ almi%hty, my parents, brother, sisters and #riends #or their constant

encoura%ement without which this assi%nment would not be possible

8e%ards,

8oja


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E7EC(TI*E S(MMARY

In any or%ani9ation, the two important #inancial statements are the :alance Sheet and/ro#it ;

7oss


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TABLE OF CONTENT

C+ARTER NO PARTIC(LARS PA)E

NO

A02no8.edgement

E9e0uti0e Summar1

1. Introdu0tion of Ban2 1.1 Introduction o# :an+ 1.2 >istory o# :an+s in India 1.3 :an+s in India 1.4 Indian :an+in% Industry

", Com/an1:s Profi.e",$ Introduction o# III :an+

2.2 III :an+ today 2.3 :usiness /ro#il 2.4 :oard ?# *irectors 2.5 :oard ommity 2.6 :usiness ?bjecti!e 2.7 -echnolo%y $sed in III :an+

2.8 /roduct and Ser!ices 2.9


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4.3 :alance Sheet o# III :an+

4.4 /ro#it and 7oss


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C+APTER ?

INTRO(CTION TO BANKIN)

$,$, INTRO(CTION TO BANKIN)

B


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efinition Of Ban2!

:an+in% "eans Ce 8ord Ban23!

The word bank comes from an Italian word banco, meaning a bench, since Italian

merchants in the Renaissance made deals to borrow and lend money beside a bench.

They placed the money on that bench.

In the 17th century, merchants started storing their gold with goldsmiths in London. The

goldsmiths had their own vaults, and charged a fee for storing the merchants gold. The

goldsmiths eventually started loaning money using the gold left to them, and also paid

interest on the gold.

The !ank of "ngland began issuing banknotes in 1#$%. The oldest bank still in

e&istence is 'onte dei (aschi di )iena in )iena, Italy, which started in 1*7+.

$,", +istor1 of Ban2ing in India!


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-he ori%in o# western type commercial :an+in% in India dates bac+ to the 1Bth century -he story

o# ban+in% starts #rom :an+ o# >industan established in 1AA' and it was #irst ban+ at alcutta

under European mana%ement It was li.uidated in 1B4'D4&

@rom :an+ o# >industan in 1AA', the e!olution o# ban+in% in India can be di!ided into three

di##erent periods as #ollows3

P>ase I! Early phase o# primiti!e Indian ban+s to ationali9ation o# :an+s in 1

P>ase II! @rom ationali9ation o# India ban+s in 1 up to ad!ent o# liberali9ation and

ban+in% re#orms in 11

P>ase III! @rom Indian @inancial and :an+in% Sector 8e#orms 11 onward

In 1AB 0eneral :an+ o# India was set up Since alcutta was the most acti!e tradin% port in

India, mainly due to the trade o# the :ritish Empire, it became a ban+in% center -hree

/residency ban+s were set up under charters #rom the :ritish East India ompanyD :an+ o#

alcutta, :an+ o# :ombay and the :an+ o# "adras -hese wor+ed as .uasi central ban+s in India

#or many years

-he :an+ o# alcutta established in 1B' immediately became :an+ o# :en%al In 1&1 these 4

ban+s mer%ed with each other and Imperial :an+ o# India %ot birth Imperial :an+ o# India was

later renamed in 122 as the State :an+ o# India -hus, State ban+ o# India is the oldest :an+ o#

India In 1B4, there was a #ruitless e##ort by Indian merchants to establish a :an+ called $nion

:an+

It #ailed within a decade e5t came


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-he #irst ban+ purely mana%ed by Indians was /unjab ational :an+, established in 7ahore in

1B2 -he /unjab national :an+ has not only sur!i!ed till date but also is one o# the lar%est

ban+s in India >owe!er, the #irst Indian commercial ban+ which was wholly owned and

mana%ed by Indians was entral :an+ o# India which was established in 111 So, entral :an+

o# India is called India’s @irst -ruly Swadeshi ban+

-he #ollowin% are the steps ta+en by the 0o!ernment o# India to 8e%ulate:an+in%Institutions in

the ountry3

• 13 Enactment o# :an+in% 8e%ulation


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R

B

I

S C + E

( L E

C O M

M E R C

I A L

P (

B L I

C

P R I * A T E

S E C T O R

B A N K

F O R E I

) N

B A N K

R E ) I

O N A

L

R ( R A L

C O O P E R A

T I * E

( R B A N

C O O P E R A

T I * E

( N S C

+ E (

L E

?ne more section has been ta+en note o# is the upcomin% #orei%n ban+s in India -he 8:Ihas

shown certain interest to in!ol!e more o# #orei%n ban+s than the e5istin% one recently-his step

has pa!ed a way #or #ew more #orei%n ban+s to start business in India

BANKIN) SC+A(LE IN INIA!

RESER*E BANK OF INIA 4RBI5!

1&


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-he country had no central ban+ prior to the establishment o# the 8:I -he 8:I is the supreme

monetary and ban+in% authority in the country and controls the ban+in% system in India It is

called the 8eser!e :an+’ as it +eeps the reser!es o# all commercial ban+s

SC+E(LE AN NONSC+E(LE BANKS!

-he scheduled ban+s are those which are enshrined in the second schedule o# the 8:I


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/ublic sector ban+s are those ban+s which are owned by the 0o!ernment 0o!t runs these

:an+s In India 1 ban+s were nationali9ed in 1 ; in 1B' another ban+s werealso

nationali9ed -here#ore in 1B' the number o# nationali9ed ban+ &'


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-hese ban+s are owned and run by the pri!ate sector Various ban+s in the country such as III

:an+, >*@ :an+ etc are some o# the pri!ate sector :an+ e Priate Se0tor Ban2

O.d Priate Se0tor Ban2 Ne8 Priate Se0tor Ban2

Cit1 (nion Ban2

>an.a9mi Ban2

Federa. Ban2

IN) *1s1a Ban2 Merged 8it> 2ota2

Ma>indra =an2

Jammu and Kas>mir Ban2 Karnata2a Ban2

Karur *1s1a Ban2

La2s>mi *i.as Ban2

SBI Commer0ia. and internationa. Ban2

Sout> Indian Ban2 $

Tami.nad Mer0anti.e Ban2

RBL Ban2

A9is Ban2

Ban2 of Pun-a=

Centurion Ban2 Ltd

ICICI Ban2

IndusInd Ban2

Kota2 Ma>indra Ban2

Yes Ban2

Times Ban2

Ba.a-i Cor/oration

+FC =an2

Band>an =an2

IFC Ban2

05 Fo..o8ing Are Some Of T>e Foreign Ban2 In India!

12


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AB Ban2 Ltd,

ABNAMRO Ban2 N,*,

A=u >a=i Commer0ia. Ban2 Ltd,

Ameri0an E9/ress Ban2ing Cor/,

Ant8er/ iamond Ban2 N*,

BNP Pari=as

Ban2 of Ameri0a N,T, D S,A,

Ban2 of Ba>rain D Ku8ait B,S,C,

Ban2 of Ce1.on

Ban2 of Noa S0otia

Bar0.a1s Ban2 PLC

Ca.1on Ban2

C>inatrust Commer0ia. Ban2

Citi=an2 N,A,

euts0>e Ban2 4Asia5 BS Ban2 Ltd,

d5 Regiona. Rura. Ban2!

8e%ional 8ural :an+s are local le!el ban+in% or%ani9ations operatin% in di##erent States o# India

-hey ha!e been created with a !iew to ser!e primarily the rural areas o# India with basic ban+in%

and #inancial ser!ices >owe!er, 88:s may ha!e branches set up #or urban operations and their

area o# operation may include urban areas too

-he area o# operation o# 88:s is limited to the area as noti#ied by 0o!ernment o# India co!erin% one or

more districts in the State 88:s also per#orm a !ariety o# di##erent #unctions 88:s per#orm !arious

#unctions in #ollowin% heads, /ro!idin% ban+in% #acilities to rural and semiDurban areas arryin% out

%o!ernment operations li+e disbursement o# wa%es o# "08E0< wor+ers, distribution o# pensions etc J

/ro!idin% /araD:an+in% #acilities li+e loc+er #acilities, debit and credit cards

Fo..o8ing are some of t>e Regiona. Rura. Ban2 in India!

•


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• "aharashtra 0ramin :an+

• Vidharbha Hshetriya 0ramin :an+

•=ain%an%a Hrishna 0ramin :an+

• ?disha 0ramya :an+

COOPERATI*E BANK!

-he ooperati!e ban+ is an important constituent o# the Indian @inancial System, jud%in% by the

role assi%ned to co operati!e, the e5pectations the co operati!e is supposed to#ul#il, their number,

and the number o# o##ices the cooperati!e ban+ operate -hou%h theco operati!e mo!ement

ori%inated in the =est, but the importance o# such ban+s ha!eassumed in India is rarely

paralleled anywhere else in the world -he cooperati!e ban+sin India plays an important role

e!en today in rural #inancin% -he businessess o# cooperati!e ban+ in the urban areas also has

increased phenomenally in recent years dueto the sharp increase in the number o# primary coD

operati!e ban+so operati!e :an+s in India are re%istered under the oDoperati!e Societies


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Fo..o8ing are some of t>e (r=an Coo/eratie Ban2!

B>arat Coo/eratie Ban2 4Mum=ai5 Ltd,

Citien Credit Coo/eratie Ban2 Ltd,

Cosmos Coo/eratie Ban2 Ltd,

om=i.i Nagari Sa>a2ari Ban2 Ltd

)o/inat> Pati. Parsi2 Janata Sa>a2ari Ban2 Ltd

Janata Sa>a2ari Ban2 Ltd,@ Pune

Ka..a/anna A8ade I0>a..2aran-i Janata Sa>a2ari Ban2 Ltd

Karad (r=an Coo/eratie Ban2 Ltd,

Nagar (r=an Coo/eratie Ban2 Ltd,

Nag/ur Nagari2 Sa>a2ari Ban2 Ltd

Nasi2 Mer0>ants Coo/eratie Ban2 Ltd

Nutan Nagari2 Sa>a2ari Ban2 Ltd,

Pun-a= And Ma>aras>tra Coo/eratie Ban2 Ltd,

Saras8at Coo/eratie Ban2 Ltd,

S>amrao *it>a. Coo/eratie Ban2 Ltd

Surat Peo/.esG CoO/ Ban2 Ltd

T>ane B>arat Sa>a2ari Ban2 Ltd,

Horoastrian Coo/eratie Ban2 Ltd,

Fo..o8ing are some of t>e State Coo/eratie Ban2!

Andaman and Ni0o=ar State Coo/eratie Ban2 Ltd,

And>ra Prades> State Coo/eratie Ban2 Ltd,

Aruna0>a. Prades> State Coo/eratie A/e9 Ban2 Ltd,

Assam Coo/eratie A/e9 Ban2 Ltd,

Bi>ar State Coo/eratie Ban2 Ltd,

C>andigar> State Coo/eratie Ban2 Ltd,

T>e C>>attisgar> Ra-1a Sa>a2ari Ban2 Mar1adit

e.>i State Coo/eratie Ban2 Ltd,

T>e )oa State Coo/eratie Ban2 Ltd,

T>e )u-arat State Coo/eratie Ban2 Ltd,

T>e +ar1ana State Coo/ertie A/e9 Ban2 Ltd,

T>e +ima0>a. Prades> State Coo/eratie Ban2 Ltd,

T>e Jammu and Kas>mir State Coo/eratie Ban2 Ltd,

J>ar2>and State Coo/eratie Ban2

1B


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T>e Karnata2a State Coo/eratie A/e9 Ban2 Ltd,

T>e Kera.a State Coo/eratie Ban2 Ltd,

T>e Mad>1a Prades> Ra-1a Sa>a2ari Ban2 Mar1adit

T>e Ma>aras>tra State Coo/eratie Ban2 Ltd,

T>e Mani/ur State Coo/eratie Ban2 Ltd,

T>e Meg>a.a1a Coo/eratie A/e9 Ban2 Ltd, T>e Mioram Coo/eratie A/e9 Ban2 Ltd,

T>e Naga.and State Coo/eratie Ban2 Ltd,

T>e Orissa State Coo/eratie Ban2 Ltd,

T>e Pondi0>er1 State Coo/eratie Ban2 Ltd,

T>e Pun-a= State Coo/eratie Ban2 Ltd,

T>e Ra-ast>an State Coo/eratie Ban2 Ltd,

T>e Si22im State Coo/eratie Ban2 Ltd,

T>e Tami. Nadu State A/e9 Coo/eratie Ban2 Ltd,

T>e Tri/ura State Coo/eratie Ban2 Ltd,

T>e (ttar Prades> Coo/eratie Ban2 Ltd, T>e (ttara2>and State Coo/eratie Ban2 Ltd,

T>e 6est Benga. State Coo/eratie Ban2 Ltd,

$,%, INIAN BANKIN) IN(STRY!

-he Indian ban+in% mar+et is %rowin% at an astonishin% rate, with


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2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

0

200

400

600

800

1000

1200

Growth in Indian Banking Asset

-he Indian ban+in% Industry is in the middle o# an I- re!olution, #ocusin% on the e5pansion o#

retail and rural ban+in% /layers are becomin% increasin%ly customerDcentric in their approach,

which has resulted in inno!ati!e methods o# o##erin% new ban+in% products and ser!ices :an+s

are now reali9in% the importance o# bein% a bi% player and are be%innin% to #ocus their attention

on mer%ers and ac.uisitions to ta+e ad!anta%e o# economies o# scale and6or comply with :asel II

re%ulation“Indian ban+in%industry assets are e5pected to reach $SL1 trillion by &'1' and are

poised to recei!e a%reater in#usion o# #orei%n capital,” says /rathima 8ajan, analyst in elentMs

ban+in% %roup and author o# the report -he ban+in% industry should #ocus on ha!in% a small

number o# lar%e players that can compete %lobally rather than ha!in% a lar%e number o#

#ra%mented players

&'


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C>a/ter ??COMPANY:S PROFILE

&1


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&&

T1/e

/ri!ate

:SE ; SE3III, SE3 I:

Industr1

:an+in%

Insurance

apital "ar+ets and allied industries

Founded

122 (as Industrial Credit and Investment Corporation of India)

+eaduarters

III :an+ 7td,

III :an+ -owers,

:andra Hurla,

"umbai, India

Ke1 /eo/.e

HV Hamath,hairman

handa Hochhar , "ana%in% *irector ; E?

Sandeep :a+hshi, *eputy "ana%in% *irector S Hannan, E5ecuti!e *irector ; @?

H 8am+umar , E5ecuti!e *irector

Sonjoy hatterjee, E5ecuti!e *irector

Produ0ts 7oans, redit ards, Sa!in%s, In!estment !ehicles, Insurance etc

Reenue N $S* 12' billion

Tota. assets N $S* 1&'1 billion (at March 31, 2009.)

6e=site

wwwiciciban+com

http://en.wikipedia.org/wiki/Types_of_business_entityhttp://en.wikipedia.org/wiki/Private_companyhttp://en.wikipedia.org/wiki/Bombay_Stock_Exchangehttp://en.wikipedia.org/wiki/National_Stock_Exchange_of_Indiahttp://en.wikipedia.org/wiki/New_York_Stock_Exchangehttp://www.nyse.com/about/listed/ibn.htmlhttp://en.wikipedia.org/wiki/Industryhttp://en.wikipedia.org/wiki/Bankinghttp://en.wikipedia.org/wiki/Insurancehttp://en.wikipedia.org/wiki/Capital_Marketshttp://en.wikipedia.org/wiki/Capital_Marketshttp://en.wikipedia.org/wiki/Mumbaihttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/K.V._Kamathhttp://en.wikipedia.org/wiki/K.V._Kamathhttp://en.wikipedia.org/wiki/K.V._Kamathhttp://en.wikipedia.org/wiki/Chanda_Kochharhttp://www.icicibank.com/pfsuser/aboutus/newsroom/executivebio/sandeepresume.htmhttp://www.google.co.in/url?sa=t&source=web&ct=res&cd=1&url=http%3A%2F%2Fwww.iciciprulife.com%2Fpublic%2FAbout-us%2FProfileTeam-NSKannan.htm&ei=Hm15Sv_kCob6kAXMhZS7Bg&usg=AFQjCNGrNWm9KBeFK8ECi6w5fJ896TdmpA&sig2=xulVedKfizzwojKQN7-YlAhttp://www.google.co.in/url?sa=t&source=web&ct=res&cd=1&url=http%3A%2F%2Fwww.iciciprulife.com%2Fpublic%2FAbout-us%2FProfileTeam-NSKannan.htm&ei=Hm15Sv_kCob6kAXMhZS7Bg&usg=AFQjCNGrNWm9KBeFK8ECi6w5fJ896TdmpA&sig2=xulVedKfizzwojKQN7-YlAhttp://www.google.co.in/url?sa=t&source=web&ct=res&cd=18&url=http%3A%2F%2Fwww.icicibank.com%2Fpfsuser%2Faboutus%2Fnewsroom%2Fexecutivebio%2Framkumarresume.htm&ei=Xm15SsvHEIHs6APR74GlBQ&usg=AFQjCNF8v8x13iVBwIJflxdj3KFXCQiZmA&sig2=UjBAMVFDRl2e9JqC1kdC8Ahttp://www.google.co.in/url?sa=t&source=web&ct=res&cd=1&url=http%3A%2F%2Fwww.icicibank.com%2Fpfsuser%2Faboutus%2Fnewsroom%2Fexecutivebio%2FSonjoyChatterjeeresume.htm&ei=7215SouIJI6PkAWa_fi5Bg&usg=AFQjCNFLjYIJlKTZeC_Nfh5SzIKaKReSQA&sig2=PwAnEhYQsj--jud3ytWGCwhttp://en.wikipedia.org/wiki/Credit_Cardhttp://en.wikipedia.org/wiki/Revenuehttp://en.wikipedia.org/wiki/USDhttp://en.wikipedia.org/wiki/USDhttp://en.wikipedia.org/wiki/USDhttp://en.wikipedia.org/wiki/Assethttp://en.wikipedia.org/wiki/USDhttp://en.wikipedia.org/wiki/USDhttp://en.wikipedia.org/wiki/USDhttp://en.wikipedia.org/wiki/Websitehttp://www.icicibank.com/http://en.wikipedia.org/wiki/Types_of_business_entityhttp://en.wikipedia.org/wiki/Private_companyhttp://en.wikipedia.org/wiki/Bombay_Stock_Exchangehttp://en.wikipedia.org/wiki/National_Stock_Exchange_of_Indiahttp://en.wikipedia.org/wiki/New_York_Stock_Exchangehttp://www.nyse.com/about/listed/ibn.htmlhttp://en.wikipedia.org/wiki/Industryhttp://en.wikipedia.org/wiki/Bankinghttp://en.wikipedia.org/wiki/Insurancehttp://en.wikipedia.org/wiki/Capital_Marketshttp://en.wikipedia.org/wiki/Mumbaihttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/K.V._Kamathhttp://en.wikipedia.org/wiki/K.V._Kamathhttp://en.wikipedia.org/wiki/Chanda_Kochharhttp://www.icicibank.com/pfsuser/aboutus/newsroom/executivebio/sandeepresume.htmhttp://www.google.co.in/url?sa=t&source=web&ct=res&cd=1&url=http%3A%2F%2Fwww.iciciprulife.com%2Fpublic%2FAbout-us%2FProfileTeam-NSKannan.htm&ei=Hm15Sv_kCob6kAXMhZS7Bg&usg=AFQjCNGrNWm9KBeFK8ECi6w5fJ896TdmpA&sig2=xulVedKfizzwojKQN7-YlAhttp://www.google.co.in/url?sa=t&source=web&ct=res&cd=18&url=http%3A%2F%2Fwww.icicibank.com%2Fpfsuser%2Faboutus%2Fnewsroom%2Fexecutivebio%2Framkumarresume.htm&ei=Xm15SsvHEIHs6APR74GlBQ&usg=AFQjCNF8v8x13iVBwIJflxdj3KFXCQiZmA&sig2=UjBAMVFDRl2e9JqC1kdC8Ahttp://www.google.co.in/url?sa=t&source=web&ct=res&cd=1&url=http%3A%2F%2Fwww.icicibank.com%2Fpfsuser%2Faboutus%2Fnewsroom%2Fexecutivebio%2FSonjoyChatterjeeresume.htm&ei=7215SouIJI6PkAWa_fi5Bg&usg=AFQjCNFLjYIJlKTZeC_Nfh5SzIKaKReSQA&sig2=PwAnEhYQsj--jud3ytWGCwhttp://en.wikipedia.org/wiki/Credit_Cardhttp://en.wikipedia.org/wiki/Revenuehttp://en.wikipedia.org/wiki/USDhttp://en.wikipedia.org/wiki/Assethttp://en.wikipedia.org/wiki/USDhttp://en.wikipedia.org/wiki/Websitehttp://www.icicibank.com/


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",$, INTRO(CTION TO ICICI BANK!

+istor1 of ICICI Ban2!

• $Incorporated at the initiati!e o# =orld :an+, the 0o!ernment o# India and representati!es

o# Indian industry, with the objecti!e o# creatin% a de!elopment #inancial institution #or

pro!idin% mediumDterm and lon%Dterm project #inancin% to Indian businesses

"r


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• $'$! -he #irst =est 0erman loan o# *" 2 million #rom Hredianstalt obtained

• $'3 III made its #irst debenture issue #or 8s crore, which was o!ersubscribed

• $'! -he #irst two re%ional o##ices in alcutta and "adras set up

• $"! -he second entity in India to set up merchant ban+in% ser!ices 3 "r > - /are+h

appointed the third hairman o# III

• $! III sponsored the #ormation o# >ousin% *e!elopment @inance orporation

"ana%ed its #irst e.uity public issue

• $&! "r Fames 8aj appointed the #ourth hairman o# III

• $! "rSiddharth "ehta appointed the #i#th hairman o# III

• $&"! III became the #irst e!er Indian borrower to raise European urrency $nits 3

III commences leasin% business

• $&%! "r S ad+arni appointed the si5th hairman o# III

• $&

• $&'! III became the #irst Indian institution to recei!e


25/33

• $;! III Securities and @inance ompany 7imited in joint !enture with F / "or%an

set up 3 III i%h ourt o# 0ujarat at


26/33

:an+ bou%ht the Shimla and *arjeelin% branches that Standard hartered :an+ had

inherited when it ac.uired 0rindlays :an+

• "##;! -he #irst Inte%rated urrency "ana%ement entre launched in /une P III :an+

announced the settin% up o# its #irst e!er o##shore branch in Sin%apore P -he #irst o##shore

ban+in% unit (?:$) at Seep9 Special Economic Qone, "umbai, launched P III :an+’s

representati!e o##ice inau%urated in *ubai P 8epresentati!e o##ice set up in hina 3

III :an+’s $H subsidiary launched P India’s #irst e!er CVisa "ini redit ardC, a 4O

smaller credit card in dimensions launched P III :an+ subsidiary set up in anada P

-emase+ >oldin%s ac.uired 2&O sta+e in III :an+ P III :an+ became the mar+et

leader in retail credit in India In the $H it established an alliance with 7loyds -S: It

also opened an ?##shore :an+in% $nit (?:$) in Sin%apore and representati!e o##ices in

*ubai and Shan%hai

• "##%! "a5 "oney, a home loan product that o##ers the dual bene#it o# hi%her eli%ibility

and a##ordability to a customer, introduced 3 "obile ban+in% ser!ice in India launched in

association with 8eliance In#ocomm 3 India’s #irst multiDbranded credit card with >/7

and


27/33

card on the mobile phone P /ri!ate :an+in% "asters &''2, a nationwide 0ol# tournament

#or hi%h networth clients o# the pri!ate ban+in% di!ision launched -his e!ent is the

lar%est domestic in!itation amateur %ol# e!ent conducted in India P @irst Indian company

to ma+e a simultaneous e.uity o##erin% o# L1B billion in India, the $nited States and

Fapan P III ac.uired In!estitsionnoDHreditny :an+ (IH:), a 8ussia ban+ with about

$SLmn in assets, head o##ice in :alabano!o in the Halu%a re%ion, and with a branch in

"oscow III renamed the ban+ III :an+ Eurasia on% Hon%III :an+ became the

lar%est ban+ in India in terms o# its mar+et capitali9ation P III :an+ became the #irst

pri!ate entity in India to o##er a discount to retail in!estors #or its #ollowDup o##er

• "##'! III :an+ became the #irst Indian ban+ to issue hybrid -ierD1 perpetual debt in

the international mar+ets 3 III :an+ subsidiary set up in 8ussia P Introduced a new

product D K8I smart sa!e *eposits’ R a uni.ue #i5ed deposit scheme #or nonresident

Indians 3 8epresentati!e o##ices opened in -hailand, Indonesia and "alaysia P III

:an+ $H opened a branch in yderabad,


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o##erin% mar+ed the inau%ural deal in the sterlin% mar+et #rom an Indian issuer and also

the lar%est deal in the sterlin% mar+et #rom


29/33

nonDe5ecuti!e hairman "r Va%hul retires a#ter completin% his term on


30/33

or+ Stoc+ E5chan%e (SE) -he :an+ is e5pandin% in o!erseas mar+ets and has the lar%est

international balance sheet amon% Indian ban+s III :an+ now has whollyDowned

subsidiaries, branches and representati!es o##ices in 1B countries, includin% an o##shore unit in

"umbai -his includes wholly owned subsidiaries in anada, 8ussia and the $H (the subsidiary

throu%h which the >iSon% Hon% and Sri 7an+a, and

representati!e o##ices in :an%ladesh, hina, "alaysia, Indonesia, South


31/33

",;, B(SINESS PROFILE!

Produ0ts D Seri0es!

Persona. Ban2ing!

*eposite

7oans

ards

• In!estments

• Insurance

• *emat Ser!ices

• =elth "ana%ement

41


32/33

NRI Ban2ing!

• "oney -rans#er

•

:an+


33/33

• "r Sridar Iyen%ar

• "r >omi 8 Hhusro+han

• "r 7a+shmi "ittal

• "r /ujari

• "r

Documents

Vishweshwar Education Societ1