acknowledgement - Educational Consultant in Delhi, Education ...

The Bank is also one of the leading players in the "merchant acquiring" business with over 50,000 Point-of-sale (POS) terminals for debit / credit cards ..... One of the oldest Canadian Insurance Company, Crum & Foster, Fairmont Insurance. the reinsure is Odyssey the strategic investment s are Hablin Watsa, Hub ...


un extrait du document



“LOANING STRATEGY OF I.C.I.C.I BANK”

A report submitted to IIMT, Greater Noida as a part fulfillment of full time Postgraduate Diploma in Business Management.







SUBMITTED TO: SUBMITTEDBY:







PREFACE

The success of any business entity solely depends on how effectively does it utilizes its optimum resources and how soon does it make arrangements for the removal of the customer’s grievances. Moreover, the company should always be ready to make necessary changes according to the requirement in order to attract more customers so as to maintain a substantial growth in the market. The topic given to me was:

“ LOANING STRATEGY of ICICI BANK ”

I have tried to put my best efforts to complete this task on the basis of skill that I have achieved during my studies in the institute.

I have tried to put my maximum effort to get the accurate statistical data. If there is any error or any mistake in collecting the data, please ignore it.










CERTIFICATE

TO WHOM IT MAY CONCERN

This is to certify that project work done on “LOANINSTRATEGY OF ICICI BANK” submitted to A in partial fulfillment of the requirement for the award of degree of Post Graduate Diploma in Business Management is a bonafide work carried out by him under my supervision and guidance. This work has not been submitted by any where else for any other degree/diploma. The original work was carried during May 10 to July 5 in ICICI BANK (LOANING DPT.).







Date: Name of guide:





ACKNOWLEDGEMENT

It gives me immense pleasure and sense of accomplishment in presenting
My project report on “Loaning Strategy of ICICI Bank” as a partial
fulfillment of the requirement of PGDBM.

No task however small can be completed without proper guidance, co-operation and encouragement. This acknowledgement transcends the reality of formality, hence I would like to express my deep gratitude to all those behind the scene who have helped me to transform the idea into a working project.

I extend my heartfelt thanks to Mr. R. P. SINGH, BRANCH MANAGER, ICICI for giving me this opportunity and for his guidance and help towards completion of this project.
I would also like to thank my internal guide for providing guidance to me at every crucial stage of this work.

We express our gratitude to our parents who financed this project.

The study has indeed helped me to explore more knowledgeable avenues related to my topic and I am sure it will help me in my future.


A final vote of thanks to all those whom I have failed to acknowledge or missed out.


















DECLARATION


I, student of Batch in , hereby declare that, this Project Report under the title “Loaning Strategy of ICICI Bank” is the record of my original work under the guidance of Mr. Ravi Pratap Singh(Branch Manager), ICICI Bank. This report has never been submitted anywhere else for award of any degree or diploma.









Place:





TABEL OF CONTENT

CONTENTS PAGE NO.
1. Executive Summary 1
2. Introduction 4
3. Objective 6
4. Methodology 7
5. Literature Review 10
6. Company Profile : 13
Name of the company 13
Head Office 14
Branch Office 15
Historical Background 15
Vision and Mission Statement 18
7. Trade Profile : 21
Main Business 21
Ancillary Business 22
8. Competitors 31
9. Promoters 58
10. Research and Development Activities 65
11. Human Resources Policies 84
12. Marketing Policies 89
13. Government Policies 103
14. Management Team 114
15. Company’s Product Line 121
16. Feature of the products 125
17. Tax Aspect 196
18. Major Problems 201
19. Achievements 204
20. Market Position 208
21. Philosophy of ICICI Bank 214
22. National and International Image 217
23. Future Prospects 222
24. Job Profile 229
25. Suggestions/Recommendations 235
26. Conclusion 237
27. Bibliography 238
28. Words of Thanks 239



EXECUTIVE SUMMARY

The project titled “LOANING STRATEGY OF ICICI” is done as the part of partial fulfillment of my PGDBM curriculum. It explains the modes and methods in which the bank make available of the cash to those who approaches them. It tells about various kinds of loans which the bank offers. It also tells about the basic requirement and various other necessary documentation to be furnished in order get the loan sanctioned.

The main objective of the present study is to know to how extent the customers are benefited with the present offering and also, whether the repayment mode is satisfactory or not according to the capacity of each individual so that there is no additional burden levied upon them. Moreover, to ascertain how easily the loan is available without any hazels.

Key result areas:
Immense learning
Experiencing the actual workplace atmosphere
I’ve come up with not only a project report but also with immense knowledge
Got to know about the level of loaning tendency of the people
Skills required for building a long term relation with the customers.
Improved listening and communication skills
Enhancement of the convincing power due to increased knowledge
Got to know about the operations and hierarchical structure of the company

Reporting:

I reported to branch manager, loaning department who was my company guide throughout these six weeks.

How did I apply my learning at IIMT?

During my project I could correlate the teachings that IIMT Greater Noida.had granted me during the first year. All the theoretical knowledge that I had obtained from the classroom teachings, I could relate it to the pragmatic situations. From all the theories and the research methodologies to the role plays that were held during the soft skills classes were of great help. Also the pressure that we are made used to was of great help in the pressure cooker scenarios. The text books provided by the college were also used in the summer training. period.

Learning during summer training-

Though everyday life teaches us many things, but these three months were a whole lot than just a summer training program. What more can one aspiring PGDBM (equivalent to MBA) graduate ask for than a real corporate learning, where one experiences the truths of the very glamorous and affluent corporate world. I learnt the corporate behavior in addition to the knowledge that the workplace taught me. Although having role plays in the soft skills classes gives us a rough idea, but being in the corporate world is something different. I learnt how to work under someone and the tact to face the stress that this world has to offer. Besides all that, I can confidently say that this summer training has helped me improve my knowledge , communication skills , analyzing ability, skill set and has also taught me as how to balance the personal and private life.
























INTRODUCTION

The principal objective was to create a development financial institution for providing medium-term and long-term project financing to Indian businesses. In the 1990s, ICICI transformed its business from a development financial institution offering only project finance to a diversified financial services group offering a wide variety of products and services, both directly and through a number of subsidiaries and affiliates like ICICI Bank. In 1999, ICICI become the first Indian company and the first bank or financial institution from non-Japan Asia to be listed on the NYSE.
After consideration of various corporate structuring alternatives in the context of the emerging competitive scenario in the Indian banking industry, and the move towards universal banking, the managements of ICICI and ICICI Bank formed the view that the merger of ICICI with ICICI Bank would be the optimal strategic alternative for both entities, and would create the optimal legal structure for the ICICI group's universal banking strategy. The merger would enhance value for ICICI shareholders through the merged entity's access to low-cost deposits, greater opportunities for earning fee-based income and the ability to participate in the payments system and provide transaction-banking services. The merger would enhance value for ICICI Bank shareholders through a large capital base and scale of operations, seamless access to ICICI' s strong corporate relationships built up over five decades, entry into new business segments, higher market share in various business segments, particularly fee-based services, and access to the vast
talent pool of ICICI and its subsidiaries. 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. The merger was approved by shareholders of ICICI and ICICI Bank in January 2002, by the High Court of Gujarat at Ahmedabad in March 2002, and by the High Court of Judicature at Mumbai and the Reserve Bank of India in April 2002. Consequent to the merger, the ICICI group's financing and banking operations, both wholesale and retail, have been integrated in a single entity.
















OBJECTIVE OF THE PROJECT

Project Title:

“Loaning strategy of ICICI Bank”

Objective:

To study the working of loan department
To study the working of operation department
To study the working of field investigation department
To study the working of credit department
To find out the costumer satisfaction with a particular brand and find out the opinion and suggestions of the consumers













METHODOLOGY

The methodology is an integral primary part of the project work. Every project has been undertaken in and definite manner, which forms the validity of the report. The project undertaken by me is also based on a definite method, which is usually found in most of the training projects. The methodology in my project is based on the following manner in a sequential order: -
Data Collection
1. Data Collection (types of data).
2. Source of data collection.
3. Methods of data collection.

Data Collection
The collection of data is a core part of every activities relating to managerial decisions. The information derived from such data is closely analyzed, Interpreted and a conclusion has been arrived on which other decisions are totally depends.

There are various sources from where data can be collected any there also most appropriate methods in the application of which we can collect the data. In the application of sources and methods the reliability and accuracy must be well judged prior to collection. The whole study has been worked out depending on the data availed from.



Sources of data collection

There are two sources on which data can be collected via primary source and secondary source. The data which are prepared from the main proposed and researcher or owner it is called primary source and the data collected from this source is called primary data. The data which is collected from the persons, private bodies, private research agencies etc are called secondary source and the data collected is from both primary and secondary type. The following are the data which have been collected from both the sources

Primary data

In the course of carrying out the project I have collected very few data from this source but they are more needed in carrying out the project work. The following data has been has been collected by personal approach.

Secondary data

Most of the data in my project has been collected from the secondary source as the data is only available to them and other parties I have find the most convenient source and collected from them. The data collected from this source are the past records and it is used to analyses. The data, which have been collected from this source, are mentioned below:




Methods of data collection :

The method of data collection is as essential as the source of collection of data. The methods of data collection establish a pattern, the application on which provides a well fledged out data. A most appropriate method will produce data which are more accurate, reliable and cheap and also will require less time and efforts in the collection. In the carrying of my project I have used the following methods in collecting the data :

Personal Enquiry

The data from the personal contacts are collected by the use of the method of personal enquiry. The customers seeking the loan and also the previous satisfied customers are personally approached in order to obtain favorable and required data to add in to the part of my project.

Personal Survey

The information regarding the bank investment has been collected through personal survey. The application of the above mentioned methods has been instructed by the guide. Infact, in some cases it has be en beneficial on the part of the project to meet the big customers. The most important part of the project under the data collection has been the information from the various big business houses which are attached with the bank.





LITERATURE REVIEW

When theory comes to practical life situation we find there is a lot of difference. The bases of success in the market place are numerous as per the theoretical concept. It is also notable that theory is formed after studying the practical aspects happening in the field continuously and finding the reason for success or failure for particular individual
concept or a company.

What ever may be new age mantras, still it is the world of “ customer is the God”. With focus towards developing customer interaction and hence solving his needs will be the one way to success. The customer are paying for the product or service, so has the right to select the best one as per his requirement and he has various alternative in front of him. The concept of consumerism is being developed. Every time consumer is demanding something and as per the requirement the supplier has to compel their research & development to develop the particular requirement and after successful invention they intend to offer the best.

Over the last few years, ICICI Bank has taken rapid strides in developing new businesses in line with its proposition to offer complete financial services to both corporate and retail customers. It is India's second-largest bank which has a network of about 470 branches and extension counters and over 1,800 ATMs. 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 specialized subsidiaries and affiliates in the areas of investment banking, life and non-life insurance, venture capital and asset management. ICICI Bank set up its international banking group in fiscal 2002 to cater to the cross-border needs of clients and leverage on its domestic banking strengths to offer products internationally. ICICI Bank currently has subsidiaries in the United Kingdom and Canada, branches in Singapore and Bahrain and representative offices in the United States, China, United Arab Emirates and Bangladesh. ICICI Bank was originally promoted in 1994 by ICICI Limited, an Indian financial institution, and was its wholly-owned subsidiary. In the 1990s, ICICI transformed its business from a development financial institution offering only project finance to a diversified financial services group offering a wide variety of products and services, both directly and through a number of subsidiaries and affiliates like ICICI Bank. In 1999, ICICI become the first Indian company and the first bank or financial institution from non-Japan Asia to be listed on the NYSE.
ICICI Bank Limited provides banking products and financial services to corporate and retail customers primarily in India. It offers various products and services in the areas of commercial banking, investment banking, and insurance. The company’s deposit products comprise savings accounts, current accounts, time deposits, and certificates of deposits. Its lending activities include home loans, automobile loans, commercial vehicle loans, two wheeler loans, personal loans, loans against time deposits, loans against shares, and credit cards. ICICI Bank also offers trade finance, letters of credit, debit cards, distribution of third party investment products, and issuance of unsecured redeemable bonds, as well as cash management services, including collection, payment, and remittance services; escrow; trust and retention account facilities; online banking services, including corporate advisory services and equity underwriting; venture capital funding; various life and general insurance products; and asset management products and services. As of February 15, 2007, ICICI Bank had a network of 670 branches and 2,680 automated payment facilities; custodial; and tax collection services. In addition, the company provides agricultural and rural banking products; investment teller machines. It also operates in the United Kingdom, Canada, Russia, Hong Kong, Bahrain, Singapore, Sri Lanka, the United States, United Arab Emirates, China, South Africa, and Bangladesh. The company was founded in 1955 and is headquartered in Mumbai, India.

















COMPANY PROFILE

ICICI BANK LTD. (IBN)

The ICICI Company Ltd is conduct by three major companies. They are ICICI Bank, ICICI Prudential and ICICI Lombard.

BANK OVERVIEW

It is India’s second largest bank. In year 1994 ICICI bank originally promoted by ICICI limited. It network of 573 branches and extension counters and over 2000 ATM’s Singapur $ Baharin and representative office in United States, China, UAE, Bangladesh and South Africa. Third amongst all the companies’ listed on the Indian stock exchanges as per market capitalization. The ICICI LIMITED is the first bank of financial institution from non Japan to be listed on the new NYSE. the ICICI bank is the third ranking amongst all the companies listed on Indian stock exchanges. Mr. Amitabh Bachachan is the brand ambassador of ICICI bank different kinds of product that ICICI has, for example home loans, personal loans, fixed deposits, senior citizens saving accounts, young accounts. ICIC bank has Rs. 400 billion market capitalization. There are different types of deposits like fixed deposits and recurring deposits. There are different types of lone products company has these are like farm equipment loan, home lone, car loan etc.some new products of are credit cards, D mat accounting/online accountings credit cards, bonds and investment, the company also selling the gold etc.if we see position of the ICICI banking it deals with some major field like Retail banking (core banking) it stands 2nd position. Auto loans ( 2&4 wheelers) it has 83% market shares. It is no 1 credit holders.Prudetiol ICICI deals with mutual funds. It stands at no 1 position. . 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 specialized subsidiaries and affiliates in the areas of investment banking (ICICI securities), life (ICICI prudential) and non-life insurance (ICICI Lombard), venture capital (ICICI ventures) and asset management (prudential ICICI ). ICICI Bank set up its international banking group in fiscal 2002 to cater to the cross-border needs of clients and leverage on its domestic banking strengths to offer products internationally.

Registered Office :
Landmark, Race Course Circle, Vadodara 390 007
Corporate Office :
ICICI Bank Towers, Bandra-Kurla Complex, Mumbai 400 051

Statutory Auditors :
S. R. Batliboi & Co.
Chartered Accountants, Express Towers, 6th Floor, Nariman Point,
Mumbai 400 021

Registrar and Transfer Agents :
3i Infotech Limited (formerly ICICI Infotech Limited)
Maratha Mandir Annexe, Dr. A. R. Nair Road, Mumbai Central,
Mumbai 400 008


Allahabad Branch Office :
1st Floor, ICICI Bank Ltd.
13, Sardar Patel Marg, Civil Lines,
Allahabad-211001

Historical Background :
ICICI Ltd. established in 1955, facilitated industrial development in line with the economic objectives of the time. It evolved several new products to meet the changing needs of the corporate sector. ICICI provided a range of wholesale banking products and services, including project finance, corporate finance, hybrid financial structures, syndication services, treasury-based financial solutions, cash flow based financial products, lease financing, equity financing, risk management tools as well as advisory services. It also played a facilitating role in consolidation in various sectors of the Indian industry, by funding mergers and acquisitions. In the context of the emerging competitive scenario in the financial sector, the Board of Directors of ICICI Ltd. and ICICI Bank Ltd., in October 2001, approved the merger of ICICI Ltd. and two of its wholly owned retail finance subsidiaries with ICICI Bank Ltd. Consequent upon the merger, the ICICI Group’s financing and banking operations, both wholesale and retail, have been integrated into a single full-service banking company in may 2002
ICICI was formed in 1955 at the initiative of the World Bank, the Government of India and representatives of Indian industry. The principal objective was to create a development financial institution for providing medium-term and long-term project financing to Indian businesses. In the 1990s, ICICI transformed its business from a development financial institution offering only project finance to a diversified financial services group offering a wide variety of products and services, both directly and through a number of subsidiaries and affiliates like ICICI Bank. In 1999, ICICI become the first Indian company and the first bank or financial institution from non-Japan Asia to be listed on the NYSE.
ICICI Bank is now India’s second-largest bank with total assets of about Rs. 2,513.89 bn (US$ 56.3 bn) at March 31, 2006 and profit after tax of Rs. 25.40 bn (US$ 569 mn) for the year ended March 31, 2006 (Rs. 20.05 bn (US$ 449 mn) for the year ended March 31, 2005). ICICI Bank has a network of about 614 branches and extension counters and over 2,200 ATMs. 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 and affiliates in the areas of investment banking, life and non-life insurance, venture capital and asset management. ICICI Bank set up its international banking group in fiscal 2002 to cater to the cross border needs of clients and leverage on its domestic banking strengths to offer products internationally ICICI Bank was originally promoted in 1994 by ICICI Limited, an Indian financial institution, and was its wholly owned subsidiary. ICICI's shareholding in ICICI Bank was reduced to 46% through a public offering of shares in India in fiscal 1998, an equity offering in the form of ADRs listed on the NYSE in fiscal 2000, ICICI Bank's acquisition of Bank of Madura Limited in an all-stock amalgamation in fiscal 2001, and secondary market sales by ICICI to institutional investors in fiscal 2001 and fiscal 2002. ICICI was formed in 1955 at the initiative of the World Bank, the Government of India and representatives of Indian industry. The principal objective was to create a development financial institution for providing medium-term and long-term project financing to Indian businesses. In the 1990s, ICICI transformed its business from a development financial institution offering only project finance to a diversified financial services group offering a wide variety of products and services, both directly and through a number of subsidiaries and affiliates like ICICI Bank. In 1999, ICICI become the first Indian company and the first bank or financial institution from non-Japan Asia to be listed on the NYSE.
After consideration of various corporate structuring alternatives in the context of the emerging competitive scenario in the Indian banking industry, and the move towards universal banking, the managements of ICICI and ICICI Bank formed the view that the merger of ICICI with ICICI Bank would be the optimal strategic alternative for both entities, and would create the optimal legal structure for the ICICI group's universal banking strategy. The merger would enhance value for ICICI shareholders through the merged entity's access to low-cost deposits, greater opportunities for earning fee-based income and the ability to participate in the payments system and provide transaction-banking services. The merger would enhance value for ICICI Bank shareholders through a large capital base and scale of operations, seamless access to ICICI's strong corporate relationships built up over five decades, entry into new business segments, higher market share in various business segments, particularly fee-based services, and access to the vast talent pool of ICICI and its subsidiaries. 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. The merger was approved by shareholders of ICICI and ICICI Bank in January 2002, by the High Court of Gujarat at Ahmedabad in March 2002, and by the High Court of Judicature at Mumbai and the Reserve Bank of India in April 2002. Consequent to the merger, the ICICI group's financing and banking operations, both wholesale and retail, have been integrated in a single entity.

Vision And Mission Statement :
“ To be the preferred brand for total financial and banking solutions for both corporates and individuals ”.

The Bank believes in adding shareholder value with customer satisfaction and staff motivation being the major driving forces. The Bank believes in reaching the top of every line of banking business, so that it becomes the preferred brand for banking solutions for both corporations and individuals. The Bank’s identity embodies trust, integrity, loyalty and achievement. The key driver to success has been the relentless pursuit of excellence through innovation, sound management practices and the rapid application and assimilation of new technology to meet the ever-growing competitive pressures and challenges in the financial services sector without sacrificing the basic tenets of quality banking and prudence. ICICI Bank has become a major force in the Indian banking industry and has also emerged as an important player at the global level in a short span of time, which is rather unique. The Bank has grown at a rapid pace and has scaled new heights and leadership positions in terms of clients, products, talent, reach and capital – all vital ingredients for continuous growth and profitability. The Bank has pioneered a number of firsts in the banking industry, and during fiscal 2000, became the first Indian commercial bank and second bank from Asia to list on the New York Stock Exchange (NYSE). This was a reflection of the confidence reposed in the Bank’s capability and potential for growth by the global investor community. With the equity infusion, the stage has now been set for consolidation, while simultaneously seeking faster growth. Today, the Bank stands at the forefront of the Indian financial sector by combining the best of retail, corporate and treasury products, with sound risk management practices, human resources and state-of-the-art technology support. Business today is being done at the speed of thought and the real challenge for the future lies in anticipating the demands of the new age and providing sustainable solutions. The Bank’s strategy revolves around the twin paradigms of top-line and bottom-line growth, and the objective so far has been to be the leading technology-enabled financial services provider to retail customers, Indian corporates, small scale industries and agricultural sector for their banking requirements. The Bank has adopted a focused ‘customer-centric’ approach, as it is believed that products should be devised for the customer and not the other way round. The Bank believes that the ‘clicks and bricks’ distribution strategy, which is a convergence between the physical and the virtual, can create enormous value in the times to come. The endeavour has been to leverage the power of the Internet to generate revenue on the one hand and drive down transaction costs on the other, while maintaining a high level of customer service. The Bank has at the same time concentrated on the rapid growth of the physical delivery channels and branch network on account of the diversity and geographical spread of customers in the country. The Bank has pursued organic growth systematically, while keeping its eyes open to acquisitions if the latter were to generate economics of scale with synergy and add to shareholder value. The Bank has been successful in building a strong retail franchise through customer acquisition and retention, sustained growth in treasury income and the maintenance of a balanced corporate loan portfolio. The creation of a balanced asset portfolio consisting of loans to better rated companies and to top-tier mid-market growth oriented companies has enabled the Bank to maintain a stable flow of revenue and enhanced asset quality. The Bank began offerring Internet based business-to-business solutions for closed user groups to its corporate customers during the year, and intends to offer business-to-business open payment gateway solutions soon to facilitate future customer acquisition. The Bank also started offerring capital market services during the year. The Bank remains committed to leveraging technology to develop innovative customer solutions to attain growth with profitability within the framework of sound risk management practices. The Bank believes that the key to success will be the ability to maintain business efficiency and culture and motivate and expand its pool of skilled and experienced professionals, by creating an environment that offers growth, learning, excitement, comfortable working conditions and competitive remuneration














TRADE PROFILE
(i) Main Business
(ii) Ancillary Business
Main Business

The main business of ICICI Limited is to provide banking services.It was established in 1955 by the World Bank, the Government of India and the Indian Industry, for the promotion of industrial development in India by giving project and corporate finance totheindustriesinIndia. ICICI Bank has grown from a development bank to a financial conglomerate and has become one of the largest public financial institutions in India. ICICI Bank has financed all the major sectors of the economy, covering 6,848 companies and 16,851 projects. As of March 31, 2000, ICICI had disbursed a total of Rs. 1,13,070 crores, since inception.
ICICI Bank is India's second-largest bank with total assets of Rs. 3,446.58 billion (US$ 79 billion) at March 31, 2007 and profit after tax of Rs. 31.10 billion for fiscal 2007. ICICI Bank is the most valuable bank in India in terms of market capitalization and is ranked third amongst all the companies listed on the Indian stock exchanges in terms of free float market capitalisation*. The Bank has a network of about 950 branches and 3,300 ATMs in India and presence in 17 countries. 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 and affiliates in the areas of investment banking, life and non-life insurance, venture capital and asset management. The Bank currently has subsidiaries in the United Kingdom, Russia and Canada, branches in Singapore, Bahrain, Hong Kong, Sri Lanka and Dubai International Finance Centre and representative offices in the United States, United Arab Emirates, China, South Africa, Bangladesh, Thailand, Malaysia and Indonesia. Our UK subsidiary has established a branch in Belgium.
ICICI Bank's equity shares are listed in India on Bombay Stock Exchange and the National Stock Exchange of India Limited and its American Depositary Receipts (ADRs) are listed on the New York Stock Exchange (NYSE).

Ancillary business
The ancillary business are to provide various loans and insurance services which includes ICICI Prudential and ICICI Lombard.

Bank Loans :
ICICI Bank offers wide variety of Loans Products to suit the customers requirements.Coupled with convenience of networked branches/ ATMs and facility of E-channels like Internet and Mobile Banking, ICICI Bank brings banking at the doorstep.
The variety of loan includes,home loan,personal loan,car loan,two wheeler loan,commercial vehicle loan,loan against securities,loan against gold,farm equipment loan,construction equipment loan,office equipment loan,medical equipment loan,rural educational institute finance,pre-approved loans,customer durable loans,flexicash,retail warehouse receipt based finance.

Insurance And Other Services :
ICICI Prudential Life Insurance Company
ICICI Prudential Life Insurance Company (ICICI Prudential Life) continued to maintain its market leadership among private sector life insurance companies with a retail market share of 30% in the private sector in fiscal 2006 (on weighted received premium basis). Life insurance companies worldwide make losses in the initial years, in view of business set-up and customer acquisition costs in the initial years as well as reserving for actuarial liability. While the growing operations of ICICI Prudential Life had a negative impactof Rs. 1.39 billion on the Bank’s consolidated profit after tax in fiscal 2006 on account of the above reasons, the company’s unaudited New Business Achieved Profit (NBAP) for fiscal 2006 was Rs. 5.28 billion compared to Rs. 3.12 billion in fiscal 2005. NBAP is a metric for the economic value of the new business written during a defined period. It is measured as the present value of all the future profits for the shareholders, on account of the new business based on standard assumptions of mortality, expensesand other parameters. Actual experience could differ based on variance from these assumptions especially in respect of expense overruns in the initial years.
Life Insurance is one of the most popular savings/ investment vehicles in India. Ironically, it’s probably the least understood too. An insurance policy offers much more than just tax planning and investment returns. It offers you the ability to plan for unforeseen events that could affect your family's financial profile adversely.

Life insurance is a financial resource for one’s family and loved ones in case of his death. It is a contract between insurer and an insurance company in which the company provides the beneficiaries with a certain amount of money upon insurer death. In return, you insurer periodic payments (premiums) in an amount that depends on medical history, age, gender, and occupation.

Though the history of insurance dates back to 1818 with the establishment of the oriental life insurance company in Calcutta, and then when LIC was established in the year 1956. For private life insurance sector in particular things started taking shape after the recommendation of Malhotra committee which put forward a proposal for the establishment of the regulatory body and also encouraged to set up unit linked insurance pension plan. It was after his recommendation that IRDA (insurance regulatory and development authority) was established in April 2000. After that in the year 2001 the sector was finally opened for private players and foreign private players were allowed to have 26% share in the Indian company. The real innovation happened in this time only,when life insurance companies introduced ULIPs with greater flexibilities. After making a magnificent entry and becoming the most popular life insurance product. Endowment plans are life insurance plans, which not only cover the individual’s life in case of an eventuality but also offer a maturity value at the end of the term. In the event of the individual’s demise, his nominees receive the sum assured with accumulated profits/bonus on investments (till the time of his demise). In case the individual survives the tenure, he receives the sum assured and accumulated profits/bonus.

ULIPs attempt to fulfill investment needs of an investor with protection/insurance needs of an insurance seeker. ULIPs work on the premise that there is class of investors who regularly invest their savings in products like fixed deposits (FDs), coupon-bearing bonds, debt funds, diversified equity funds and stocks. There is another class of individuals who take insurance to provide for their family in case of an eventuality. So typically both these categories of individuals (which also overlap to a large extent) have a portfolio of investments as well as life insurance. ULIP as a product combines both these products (investments and life insurance) into a single product. This saves the Investor/insurance-seeker the hassles of managing and tracking a portfolio of products. The primary difference between conventional savings-based insurance plans like endowment and ULIPs is the investment mandate- while ULIPs can invest up to 100% of the premium in equities, the percentage is much lower (usually not more than 15%) in case of conventional insurance plans. ULIPs are also available in multiple options like ‘aggressive’ ULIPs (which can invest up to 100% in equities), ‘balanced’ ULIPs (which invest 40-60% in equities) and ‘debt’ ULIPs (which invest only in debt and money market instruments).

ICICI Lombard General Insurance Company

ICICI Lombard General Insurance Company (ICICI Lombard) enhanced its leadership position among private sector general insurance companies with a market share of 29% in the private sector in fiscal
2006. ICICI Lombard achieved a profit after tax of Rs. 0.50 billion in fiscal 2006 compared to Rs. 0.48 billion in fiscal 2005 despite claims from floods in major cities and investments in the retail franchise.
About 58% of its gross written premiums comprised of non-corporate business.

It is a 74:26 joint venture between ICICI Bank Limited and the US-based $ 26 billion Fairfax Financial Holdings Limited. ICICI Bank is India's second largest bank, while Fairfax Financial Holdings is a diversified financial corporate engaged in general insurance, reinsurance, insurance claims management and investment management. Lombard Canada Ltd, a group company of Fairfax Financial Holdings Limited, is one of Canada's oldest property and casualty insurers. ICICI Lombard General Insurance Company received regulatory approvals to commence general insurance business in August 2001 ICICI Lombard is general insurance company it deals with general insurance like motor insurance, Home insurance, Travel insurance, Health insurance and other so many insurance other except life. The ICICI Lombard is no one private general insurance company and is joint venture between the US based Fairfax financial holding limited company. It is 109 years old company and it is second largest insurance company in the world. In the year 2001, august ICICI Lombard general insurance company limited received regulatory approvals to commence general insurance business. In year 2002 LOMBARD achieve financial break even. in year 2003 ICICI Lombard achieve underwriting break even. Mr. Sandeep Bakshi is MD $ CEO of ICICI Lombard.ICICI Lombard combines the strengths of the two most trusted names in the financial sector. it leverages ICICI bank’s strong brand equity, extensive distribution network and sound technology infrastructure to serve customer needs with Lombard’s domain knowledge, product innovation and business processes based on international best practical in the insurance business. To the Indian customers, this implies the security of strong percentage with access to range of customized and innovative insurance solution that are support by internationally benchmarked service levels. it is the largest private sector general insurance company in India with a gross written premium(GWP) of Rs. 8851 million in fiscal 2005 and is the 5th larges amongst all players. For the fiscal 2005, its net profit grew up to Rs. 539 million.The company over 100 million individuals. With more than 2000 personnel in 119 offices spread across 72 cities, ICICI Lombard is committed toward superior customers’ service. In the year 2004-2005 company issued over 6, 00,000 policies across in India and settled it 84,970 claims. The company has claim disposal ratio of 94 %( percentage of claims settled against the claim reported) as on 31st march 2005.the size of general insurance industry is Rs. 11,90,375 lakhs and the current growth rate of the industry is 15.95%. and currently the market share of private insurance companies is 27%. The total paid up equity capital bases of ICICI Lombard has Rs. 2200 million. ICICI Lombard general insurance company was voted as “Brand of Boys” emerging brand for the year by Economic Times. for better services and fast settlement the company associated with Cunnigham Lindse international surveyor.ICICI Lombard general insurance has got ISO 9000: 2001 certificate. . After its success with weather insurance, ICICI Lombard is set to come up with 'micro insurance', offering both life and non-life covers at The new offering comes after regulator IRDA came up with a guideline that allow insurer to sell micro-insurance products through NGOs, micro finance institutions and self-help groups. After introducing weather insurance, ICICI Lombard General Insurance discovered that besides agriculture there are a large number of enterprises interested in buying weather insurance. The first non-agri buyer of weather insurance was salt manufacturer Gujarat Heavy Chemicals. More recently the company discovered a market. After introducing weather insurance, ICICI Lombard General Insurance discovered that besides agriculture there are a large number of enterprises interested in buying weather insurance. The first non-agri buyer of weather insurance was salt manufacturer Gujarat Heavy Chemicals. More recently the company discovered a market among brickmakersThe company was initially wary that this was highly unorganised business. But it turned out that brick makers are a pretty organised lot and have their own regional associations and a National Federation of Brick Manufacturers of India. Windshield Experts, dealers in glass repair and replacement, has announced a tie-up with Cholamandalam and ICICI Lombard for automotive glass claims. Windshield Experts would extend its services to the policyholders of Cholamandalam and ICICI Lombard in KochiICICI Lombard has invested in technology extensively to consolidated operations, while creating innovation methods of servicing customers. Deploying a technology platform that allows on the spot online policy issuance has optimized cost of distribution, giving access to its channel partners and its end customers. The application has been scaled up successfully to meet the growing needs of business. During the year, 87 % polices were issued online with 99% being issued in March. The company also in vested in customer relationship a management application that has been design to promote customer service and reduce operational costs in process like claims handling. the entire cycle of claimorganization to settlement it being manage on the system and it aim to bring together to call centers, surveyors investigation and customers service managers in a streamlined process to service the customers. These initiative brought transparence in interaction with the customers, while maintaining a strong risk control on the transition.ICICI Lombard offers its customers globally benchmarked service standards. Customers have access to offices in 72 cities with dedicated staff attending to therethe company website and 24 hours call center to enable customer to stay in touch. Company has taken effective initiative for customer relationship and satisfaction. ICICI Lombard General Insurance Company is a licensee of the Privacy Program. is an independent, non-profit organization whose mission is to enable individuals and organizations to establish trusting relationships based on respect for personal identity and information by promoting the use of fair information practices. This privacy statement covers the Web site www.icicilombard.com. Because this Web site wants to show it commitment towards customer’ s privacy. Reinsurance is one of the major risk and capital management tools available to insurance companies. ICICI Lombard believes in using reinsurance as an effective tool to provide protection for a wide range of risks – including large and complex risks. The company has entered in re-insurance arrangements with leading re-insurers including Munich Re, Swiss Re and General Insurance Corporation to provide highest level of risk security. The company’s reinsurance program is formulated in line with the guidelines laid down by the Insurance Regulatory Development Authority (IRDA), which aims at optimum retention of premium within the country and adequate risk coverage and diversification. It’s philosophy is to cash-in on the reinsurers expertise and services in wide gamut of areas viz. product development, pricing, underwriting and claims management. ICICI Lombard views rural business not as a regulatory requirement but as a business opportunity to be invested in. The company believes in educating the rural folk about various insurance products and offer need-based products to cater to their specific requirements. The effort is to build a sustainable business model to meet the requirement of rural and social sector. Its endeavour is to launch simple and affordable products through a wide network of intermediaries like NGOs, self-help groups (SHGs) and micro-finance institutions (MFIs). ICICI Lombard currently uses the network of ICICI Bank and ITC’s e-chaupal to sell customized products to the rural folk. ITC’s e-commerce initiative `e-chaupal’ is an effort to bridge the digital divide between rural and urban India.

Prudential ICICI Asset Management Company

Prudential ICICI Asset Management Company (Prudential ICICI AMC) was the largest mutual fund in India at May 31, 2006 with assets under management of over Rs. 320.00 billion. Prudential ICICI AMC achieved a profit after tax of Rs. 0.31 billion in fiscal 2006 compared to Rs. 0.17 billion in fiscal 2005. Prudential ICICI AMC was the named “Mutual Fund of the Year 2005” by CNBCTV18-CRISIL.

ICICI Securities Limited

ICICI Securities continued to enhance its position in the investment banking and equity broking businesses while capitalising on opportunities in the fixed income market. ICICI Securities achieved a profit after tax of Rs. 1.57 billion in fiscal 2006 compared to Rs. 0.64 billion in fiscal 2005.

ICICI Venture Funds Management Company Limited

ICICI Venture Funds Management Company Limited (ICICI Venture) raised two funds and strengthened its leadership position in private equity in India, with funds under management of over Rs. 63.00 billion.

ICICI Venture achieved a profit after tax of Rs. 0.50 billion in fiscal 2006 compared to Rs. 0.32 billion in fiscal 2005.



COMPETITORS

The other banking institution which provides loaning facilities are follow:



Bank Of Baroda
It has been a long and eventful journey of almost a century across 21 countries. Starting in 1908 from a small building in Baroda to its new hi-rise and hi-tech Baroda Corporate Centre in Mumbai, is a saga of vision, enterprise, financial prudence and corporate governance. It is a story scripted in corporate wisdom and social pride. It is a story crafted in private capital, princely patronage and state ownership. It is a story of ordinary bankers and their extraordinary contribution in the ascent of Bank of Baroda to the formidable heights of corporate glory. It is a story that needs to be shared with all those millions of people - customers, stakeholders, employees & the public at large - who in ample measure, have contributed to the making of an institution.

It all started with a visionary Maharaja's uncanny foresight into the future of trade and enterprising in his country. On 20th July 1908, under the Companies Act of 1897, and with a paid up capital of Rs 10 Lacs started the legend that has now translated into a strong, trustworthy financial body, THE BANK OF BARODA.
It has been a wisely orchestrated growth, involving corporate wisdom, social pride and the vision of helping others grow, and growing itself in turn.
The founder, Maharaja Sayajirao Gaekwad, with his insight into the future, saw "a bank of this nature will prove a beneficial agency for lending, transmission, and deposit of money and will be a powerful factor in the development of art, industries and commerce of the State and adjoining territories."
These words are etched into the mind, body and soul of what has now become a banking legend. Following the Maharaja's words, the emblem has been crafted to represent wealth, safety, industrial development and an inclination to better and promote the country's agrarian economy. This emblem shows a coin, symbolizing wealth, embossed with an upraised palm, a safety cover for the depositor's money, with a cogwheel that promotes industrial growth in tandem with the two corn ears that stand for the progress of the staple agricultural growth in the country.
Bank of Baroda is the fifth largest bank in India. It has total assets in excess of Rs. 1.78  HYPERLINK "http://en.wikipedia.org/wiki/Lakh" \o "Lakh" lakh  HYPERLINK "http://en.wikipedia.org/wiki/Crores" \o "Crores" crores, or Rs. 1,780 bn., a network of over 2800 branches and offices, and about 700 ATMs. Bank of Baroda 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 and affiliates in the areas of investment banking, credit cards and asset management. In its international expansion Bank of Baroda followed the Indian diaspora, and especially that of the  HYPERLINK "http://en.wikipedia.org/wiki/Gujarat" \o "Gujarat" Gujaratis. The bank has received  HYPERLINK "http://en.wikipedia.org/wiki/Reserve_Bank_of_India" \o "Reserve Bank of India" Reserve Bank of India approval to open offices in  HYPERLINK "http://en.wikipedia.org/wiki/Australia" \o "Australia" Australia, the  HYPERLINK "http://en.wikipedia.org/wiki/Maldives" \o "Maldives" Maldives, and  HYPERLINK "http://en.wikipedia.org/wiki/New_Zealand" \o "New Zealand" New Zealand. It is seeking approval for operatons in  HYPERLINK "http://en.wikipedia.org/wiki/Bahrain" \o "Bahrain" Bahrain,  HYPERLINK "http://en.wikipedia.org/wiki/Johannesburg" \o "Johannesburg" Johannesburg,  HYPERLINK "http://en.wikipedia.org/wiki/Kuwait" \o "Kuwait" Kuwait,  HYPERLINK "http://en.wikipedia.org/wiki/Mozambique" \o "Mozambique" Mozambique, and  HYPERLINK "http://en.wikipedia.org/wiki/Qatar" \o "Qatar" Qatar, and is seeking to establish a joint venture or subsidiary in  HYPERLINK "http://en.wikipedia.org/wiki/Ghana" \o "Ghana" Ghana and  HYPERLINK "http://en.wikipedia.org/wiki/Trinidad_and_Tobago" \o "Trinidad and Tobago" Trinidad and Tobago
It has a wide range of products for almost every user segment. The Bank has classified its range of products into six lines of business(Personal, Business, Corporate, International, Treasury and Rural). The bank has had a web presence for some time however to tap the potential of the online medium remained a daunting task. The Bank also faced several issues regarding management of database that was being generated through use of the website. Moreover the ability of the online medium to be used as a marketing vehicle was a territory never visited. The look & feel lacked human touch and the six lines of business were lost between excessive irrelevant information. The website failed to educate the users about the Bank’s impressive international presence and new age products such as credit cards, debit cards, fund transfers, etc. Thus a sound overall flow of content to provide the user with reader-friendly content, centralization of database to eliminate data replication, a pleasing look and feel of international repute, a human approach, better functionality of tools and the right exposure to important areas formed the core objectives of the new proposed website.
Retail Loans :
Bank of Baroda offers a wide range of retail loans to meet the customer’s diverse needs. Whether the need is for a new house, child's education, purchase of a new car or home appliances, it’s unique and need specific loans enables to convert customer’s dreams to realities.


City Bank
The Bank has been operating since 1983 with an authorized capital of Tk. 1.75 Billion under the entrepreneurship of twelve prominent & leading businessman of the country. The noble intention behind starting this Bank was to bring about qualitative changes In the sphere of Banking and Financial management. Today The City Bank serves it's customers at home & abroad with 82 branches spread over the country & about three hundred oversea correspondences covering all the major cities and business center of the world. The services encompass wide diversified areas of trade, commerce & industry which tailored to the specific needs of the customers and are distinguished by an exceptional level of prompt and personal attention. Over the years the Bank has expanded the spectrums of Its Services. The extensive and ever growing domestic network provides and carries various products and services to the doorsteps of millions. The City Bank Limited has already introduced some new Banking products like duel currency Credit Cards, ATM and Online services which has created attraction among the clients. The Bank is going to introduce real time Internet, SMS and Phone Banking systems with all modern delivery channels at an early date. For significant performance, The Bank has earned national & international recognition. The City Bank Limited was one of the 12 Banks Of Bangladesh among the 500 Banks in Asia for it's asset, deposit & profit as evaluated by "ASIA WEEK" In The Year 2000. Other than that, The City Bank Limited received the "Top Ten Company" award from the Prime Minister Of The People's Republic Of Bangladesh. It had a distinguished Board Of Directors which consists of thirteen successful and reputed businessmen. Mr. Deen Mohammad, a top leading businessman, industrialist, pioneer personality & entrepreneur of private sector's Bank In Bangladesh, is the Chairman of the Bank. Mr. Abbas Uddin Ahmed a dynamic, nationally & internationally reputed Banker is the Managing Director of the Bank. After taking his charge as chief executive in the year 2000, the Bank's entire activities have achieved tremendous momentum. Since then, the overall scenario of the Bank has been Changed drastically and started making nonstop progress.

Credit Rating (CRISL Upgarded The City Bank Limited) :
Credit Rating Information and Services Limited (CRISL), the premier rating agency of the country reaffairmed rating of The City Bank Limited (CBL) at "A -" (pronounced single A minus) in the long term and ST-3 in the short term on the position of December 31st 2006.
The above rating has been done on the basis of the banks' visible improvements in some of the operational areas such as capital sufficiency, asset quality, operational efficiency, financial performance etc.



HDFC Bank
The Housing Development Finance Corporation Limited (HDFC) was amongst the first to receive an 'in principle' approval from the Reserve Bank of India (RBI) to set up a bank in the private sector, as part of the RBI's liberalisation of the Indian Banking Industry in 1994. The bank was incorporated in August 1994 in the name of 'HDFC Bank Limited', with its registered office in Mumbai, India. HDFC Bank commenced operations as a Scheduled Commercial Bank in January 1995

The company offerings range from hassle-free home loans and deposit products, to property related services and a training facility.they also offer specialised financial services to our customer base through partnerships with some of the best financial institutions worldwide. Against the milieu of rapid urbanisation and a changing socio-economic scenario, the demand for housing has grown explosively. The importance of the housing sector in the economy can be illustrated by a few key statistics. According to the National Building Organisation (NBO), the total demand for housing is estimated at 2 million units per year and the total housing shortfall is estimated to be 19.4 million units, of which 12.76 million units is from rural areas and 6.64 million units from urban areas. The housing industry is the second largest employment generator in the country. It is estimated that the budgeted 2 million units would lead to the creation of an additional 10 million man-years of direct employment and another 15 million man-years of indirect employment. HDFC was incorporated with the primary objective of meeting a social need – that of promoting home ownership by providing long-term finance to households for their housing needs. HDFC was promoted with an initial share capital of Rs. 100 million. The primary objective of HDFC is to enhance residential housing stock in the country through the provision of housing finance in a systematic and professional manner, and to promote home ownership. Another objective is to increase the flow of resources to the housing sector by integrating the housing finance sector with the overall domestic financial markets.

The organisational goals of HDFC are to :
a) develop close relationships with individual households,
b) maintain its position as the premier housing finance institution in the country,
c) transform ideas into viable and creative solutions,
d) provide consistently high returns to shareholders, and
e) to grow through diversification by leveraging off the existing client base Vast knowledge and expertise in Mechanical and Electrical Engineering, Tool and Component Design, Plastic Moulding. etc.

HDFC Bank's mission is to be a World-Class Indian Bank. The objective is to build sound customer franchises across distinct businesses so as to be the preferred provider of banking services for target retail and wholesale customer segments, and to achieve healthy growth in profitability, consistent with the bank's risk appetite. The bank is committed to maintain the highest level of ethical standards, professional integrity, corporate governance and regulatory compliance. HDFC Bank's business philosophy is based on four core values - Operational Excellence, Customer Focus, Product Leadership and People.
HDFC Bank offers a wide range of commercial and transactional banking services and treasury products to wholesale and retail customers. The bank has three key business segments :
Wholesale Banking Services : The Bank's target market ranges from large, blue-chip manufacturing companies in the Indian corporate to small & mid-sized corporates and agri-based businesses. For these customers, the Bank provides a wide range of commercial and transactional banking services, including working capital finance, trade services, transactional services, cash management, etc. The bank is also a leading provider of structured solutions, which combine cash management services with vendor and distributor finance for facilitating superior supply chain management for its corporate customers. Based on its superior product delivery / service levels and strong customer orientation, the Bank has made significant inroads into the banking consortia of a number of leading Indian corporates including multinationals, companies from the domestic business houses and prime public sector companies. It is recognised as a leading provider of cash management and transactional banking solutions to corporate customers, mutual funds, stock exchange members and banks
Retail Banking Services :
The objective of the Retail Bank is to provide its target market customers a full range of financial products and banking services, giving the customer a one-stop window for all his/her banking requirements. The products are backed by world-class service and delivered to the customers through the growing branch network, as well as through alternative delivery channels like ATMs, Phone Banking, NetBanking and Mobile Banking. The HDFC Bank Preferred program for high net worth individuals, the HDFC Bank Plus and the Investment Advisory Services programs have been designed keeping in mind needs of customers who seek distinct financial solutions, information and advice on various investment avenues. The Bank also has a wide array of retail loan products including Auto Loans, Loans against marketable securities, Personal Loans and Loans for Two-wheelers. It is also a leading provider of Depository Participant (DP) services for retail customers, providing customers the facility to hold their investments in electronic form.. HDFC Bank was the first bank in India to launch an International Debit Card in association with VISA (VISA Electron) and issues the Mastercard Maestro debit card as well. The Bank launched its credit card business in late 2001. By September 30, 2005, the bank had a total card base (debit and credit cards) of 5.2 million cards. The Bank is also one of the leading players in the "merchant acquiring" business with over 50,000 Point-of-sale (POS) terminals for debit / credit cards acceptance at merchant establishments.
Treasury : Within this business, the bank has three main product areas - Foreign Exchange and Derivatives, Local Currency Money Market & Debt Securities, and Equities. With the liberalisation of the financial markets in India, corporates need more sophisticated risk management information, advice and product structures. These and fine pricing on various treasury products are provided through the bank's Treasury team. To comply with statutory reserve requirements, the bank is required to hold 25% of its deposits in government securities. The Treasury business is responsible for managing the returns and market risk on this investment portfolio.
Loans :
Whatever be the need, it’s wide range of loans can always help. It offers Personal Loans, Home Loans, Educational Loans, Two Wheeler Loans, New Car Loans, Used Car Loans, Overdraft Against Car, Express Loans, Gold Loan, Loans Against Securities and Loans Against Property.

HSBC
Hongkong and Shanghai Banking Corporation Limited (HSBC's) origins in India date back to 1853, when the Mercantile Bank of India was established in Mumbai. The Bank has since, steadily grown in reach and service offerings, keeping pace with the evolving banking and financial needs of its customers.
In India, the Bank offers a comprehensive suite of world-class products and services to its corporate and commercial banking clients as also to a fast growing personal banking customer base.
Personal Banking :
HSBC offers a wide range of personal financial services, including personal lending and deposit products, through its branch network in Ahmedabad, Bangalore, Chennai, Chandigarh, Coimbatore, Gurgaon, Hyderabad, Jaipur, Kochi, Kolkata, Ludhiana, Mumbai, New Delhi, Noida, Pune, Thane, Trivandrum and Visakhapatnam. Also offered branch-wide are international Gold and Classic credit cards from VISA and MasterCard and debit cards from Visa. Customers have access to 24-hour banking services through an extensive network of automated teller machines (ATMs), an integrated Call Centre, and internet banking - online@hsbc .
Non Resident Indian Banking :
HSBC's Non Resident Indian Banking (NRI) centres located in Asia-Pacific, the Middle East, Europe and North America, together with HSBC's offices worldwide, provide the international Indian Diaspora access to a range of products and services. These include NRI related investment (both international and domestic), transactional and deposit products, together with a full range of personal and private banking products in India and overseas. Internet banking also provides easy access to HSBC's services.
Financial Planning Services :
Services include investment and custodian management and access to stock broking and insurance services, which are offered to resident as well as non-resident Indians.
Corporate Banking :
HSBC has well-established, long-term corporate banking relationships with large domestic Indian corporations and foreign multinationals operating in India. Services include term and working capital finance, trade facilities, corporate deposits, syndications, payments and cash management services and factoring.
Business Banking :
HSBC's Extra Mile Business Banking offers two types of account to small and medium-sized businesses - The Business Account and the BusinessVantage Account. Services include Business Phone Banking, Business Doorstep Banking and Multi Branch Business Banking. Payments and Cash Management :
HSBC provides integrated domestic and regional transaction support to corporate clients through a sophisticated range of cash management solutions, including collection and payment services and integration with customer back-end systems. Operations and client services are ISO 9001 certified. Hexagon, the HSBC Group's dedicated electronic banking service allows users to perform financial transactions, obtain international financial markets information, and review details of their domestic and international accounts, from anywhere in the world, 24 hours a day. Trade (international and domestic) and Factoring Services : A wide range of solutions tailored to meet customer's requirements for both domestic and international businesses is offered. HSBC is also one of the leading banks involved in the bullion business through its offices in Ahmedabad, Bangalore, Chennai, Hyderabad, Kolkata, New Delhi and is supported by the Group's global expertise in the precious metal business. HSBC is the leading provider of trade services in India and its trade centres are ISO 9002 certified.
Institutional Banking :
Working closely with Group offices in India and overseas, trade services, payments and cash management, treasury and capital markets, custody and clearing, and correspondent and electronic banking activities are offered to banks, financial institutions, securities houses, insurance companies, asset management companies and other non-banking companies, non-government and development organisations operating in India. Treasury and Capital Markets :
Clients consistently rate HSBC's Treasury business as one of the best in India. Its dealing room in Mumbai is one of the largest in the country, serving clients in Mumbai and in the major metropolitan centres across the country. It provides a comprehensive range of products which include - foreign exchange, money market and fixed income products and derivatives in both rupees and major currencies. Custody and Clearing :
The leading custodian in Asia, HSBC's custody and clearing services are available in 28 markets in Asia-Pacific and the Middle East. With experienced staff and the latest technology, HSBC is the premier provider of sub-custodian and clearing services to foreign institutional investors (FIIs) in India. HSBC clients include the domestic fund management sector in both the retail and institutional segments. Institutional Fund Services launched by the bank offers a comprehensive suite of products to domestic mutual funds and insurance companies ranging from custody, fund administration services, unit distribution and Cash Management Services.
Loans :
HSBC Home Loan - HSBC Home Loans make it easier to help the customer in buying their dream home as soon as possible without putting a strain on their wallet.

MyHOME - Presenting MyHOME. A unique home loan that lets the customer to keep a control on EMIs on an annual basis.

Smart Home - HSBC understands that buying a home is a long-term financial commitment. Smart Home is a simple way to use savings smartly, by letting customer’s to decide how much interest to pay.

Loan Against Property - HSBC Loan Against Property lets customer’s property to take care of their business needs.

MyTerms CreditTM - The only personal loan that lets to choose how to repay. Just as only a friend lets to repay the way one wants. MyTerms CreditTM Personal Loan gives 4 easy repayment options, so that one can select which suits the best.

HSBC Pragati FinanceTM - One can get a loan for any of his needs.

Educational Loan – It can easily be attained without any hazzel.

IDBI Bank
The Industrial Development Bank of India Limited commonly known by its acronym IDBI is one of  HYPERLINK "http://en.wikipedia.org/wiki/India" \o "India" India's leading private banks. It was established in 1964 by an Act of Parliament to provide credit and other facilities for the development of the fledgling Indian industry. It is currently the tenth largest development bank in the world. Some of the institutions built by IDBI are The  HYPERLINK "http://en.wikipedia.org/wiki/National_Stock_Exchange_of_India" \o "National Stock Exchange of India" National Stock Exchange of India (NSE), The  HYPERLINK "http://en.wikipedia.org/w/index.php?title=National_Securities_Depository_Services_Ltd&action=edit" \o "National Securities Depository Services Ltd" National Securities Depository Services Ltd. (NSDL) and the  HYPERLINK "http://en.wikipedia.org/w/index.php?title=Stock_Holding_Corporation_of_India&action=edit" \o "Stock Holding Corporation of India" Stock Holding Corporation of India (SHCIL)
The Industrial Development Bank of India (IDBI) was established on July 1, 1964 under an Act of Parliament as a wholly owned subsidiary of the Reserve Bank of India. In February 1976, the ownership of IDBI was transferred to the Government of India and it was made the principal financial institution for coordinating the activities of institutions engaged in financing, promoting and developing industry in the country. Although Government shareholding in the Bank came down below 100% following IDBI’s public issue in July 1995, the former continues to be the major shareholder (current shareholding: 58.47%). During the four decades of its existence, IDBI has been instrumental not only in establishing a well-developed, diversified and efficient industrial and institutional structure but also adding a qualitative dimension to the process of industrial development in the country. IDBI has played a pioneering role in fulfilling its mission of promoting industrial growth through financing of medium and long-term projects, in consonance with national plans and priorities. Over the years, IDBI has enlarged its basket of products and services, covering almost the entire spectrum of industrial activities, including manufacturing and services. IDBI provides financial assistance, both in rupee and foreign currencies, for green-field projects as also for expansion, modernisation and diversification purposes. In the wake of financial sector reforms unveiled by the Government since 1992, IDBI evolved an array of fund and fee-based services with a view to providing an integrated solution to meet the entire demand of financial and corporate advisory requirements of its clients. IDBI also provides indirect financial assistance by way of refinancing of loans extended by State-level financial institutions and banks and by way of rediscounting of bills of exchange arising out of sale of indigenous machinery on deferred payment terms.
IDBI has played a pioneering role, particularly in the pre-reform era (1964-91),in catalyzing broad based industrial development in the country in keeping with its Government-ordained ‘development banking’ charter. In pursuance of this mandate, IDBI’s activities transcended the confines of pure long-term lending to industry and encompassed, among others, balanced industrial growth through development of backward areas, modernisation of specific industries, employment generation, entrepreneurship development along with support services for creating a deep and vibrant domestic capital market, including development of apposite institutional framework.
In September 2003, IDBI diversified its business domain further by acquiring the entire shareholding of Tata Finance Limited in Tata Home finance Ltd., signaling IDBI’s foray into the retail finance sector. The fully-owned housing finance subsidiary has since been renamed ‘IDBI Home finance Limited’. In view of the signal changes in the operating environment, following initiation of reforms since the early nineties, Government of India has decided to transform IDBI into a commercial bank without eschewing its secular development finance obligations. The migration to the new business model of commercial banking, with its gateway to low-cost current, savings bank deposits, would help overcome most of the limitations of the current business model of development finance while simultaneously enabling it to diversify its client/ asset base. Towards this end, the IDB (Transfer of Undertaking and Repeal) Act 2003 was passed by Parliament in December 2003. The Act provides for repeal of IDBI Act, corporatisation of IDBI (with majority Government holding; current share: 58.47%) and transformation into a commercial bank. The provisions of the Act have come into force from July 2, 2004 in terms of a Government Notification to this effect. The Notification facilitated formation, incorporation and registration of Industrial Development Bank of India Ltd. as a company under the Companies Act, 1956 and a deemed Banking Company under the Banking Regulation Act 1949 and helped in obtaining requisite regulatory and statutory clearances, including those from RBI. IDBI would commence banking business in accordance with the provisions of the new Act in addition to the business being transacted under IDBI Act, 1964 from October 1, 2004, the ‘Appointed Date’ notified by the Central Government. IDBI has firmed up the infrastructure, technology platform and reorientation of its human capital to achieve a smooth transition.
On July 29, 2004, the Board of Directors of IDBI and IDBI Bank accorded in principle approval to the merger of IDBI Bank with the Industrial Development Bank of India Ltd. to be formed incorporated under the Companies Act, 1956 pursuant to the IDB (Transfer of Undertaking and Repeal) Act, 2003 (53 of 2003), subject to the approval of shareholders and other regulatory and statutory approvals. A mutually gainful proposition with positive implications for all stakeholders and clients, the merger process is expected to be completed during the current financial year ending March 31, 2005.
IDBI would continue to provide the extant products and services as part of its development finance role even after its conversion into a banking company. In addition, the new entity would also provide an array of wholesale and retail banking products, designed to suit the specific needs cash flow requirements of corporates and individuals. In particular, IDBI would leverage the strong corporate relationships built up over the years to offer customised and total financial solutions for all corporate business needs, single-window appraisal for term loans and working capital finance, strategic advisory and “hand-holding” support at the implementation phase of projects, among others.
IDBI’s transformation into a commercial bank would provide a gateway to low-cost deposits like Current and Savings Bank Deposits. This would have a positive impact on the Bank’s overall cost of funds and facilitate lending at more competitive rates to its clients. The new entity would offer various retail products, leveraging upon its existing relationship with retail investors under its existing Suvidha Flexi-bond schemes. In the emerging scenario, the new IDBI hopes to realize its mission of positioning itself as a one stop super-shop and most preferred brand for providing total financial and banking solutions to corporates and individuals, capitalising on its intimate knowledge of the Indian industry and client requirements and large retail base on the liability side.
IDBI upholds the highest standards of corporate governance in its operations. The responsibility for maintaining these high standards of governance lies with its Board of Directors. Two Committees of the Board viz. the Executive Committee and the Audit Committee are adequately empowered to monitor implementation of good corporate governance practices and making necessary disclosures within the framework of legal provisions and banking conventions.
Loans :
Loans against Home - IDBI realise how important it is to raise money in the face of exigencies. It helps customers through these difficult situations through our customer friendly Loans against Home product. Loans could be used for:
Education
Business
Marriage
Purchase or improvement of property
Medical treatment or any other personal need.
Maximum amount possible is Rs 2,00,000 subject to repayment capacity and value of property (residential only).
Education Loans - Education loans from IDBI aim at providing financial support to deserving/ meritorious students for pursuing higher education in India and abroad. With an array of courses to choose from and easy repayment options, IDBI makes sure to give complete financial backing.
Personal Loan - Personal Loans from IDBI comes with an insurance cover. This means when times are tough, their is an insurance cover to take care of the EMI's. 
In case of death or disability due to an accident, the principle outstandings will be paid by the insurance company.
In case of loss of job, the insurance company will pay the EMIs for up to 3 months
Also one can transfer their existing loan to IDBI and save up to Rs 50,000.
Loan Against Securities - IDBI offers Loan Against Securities, which provides liquidity to the Securities without having to sell them. Loan Against Securities is provided in the form of an overdraft facility Against the Securities. It helps to meet the exigencies in the life, giving easy and flexible access to short-term funds without the need to sell them.
Home Loans - IDBI helps to realise long cherished dream of owning one’s home through hassle free and customer friendly home loans. One can avail of the Home Loans for constructing a home, purchasing a ready built house/flat, residential plot and even for re-financing existing loans which have availed from other banks or housing finance companies.

State Bank Of India
The origin of the State Bank of India goes back to the first decade of the nineteenth century with the establishment of the Bank of Calcutta in Calcutta on 2 June 1806. Three years later the bank received its charter and was re-designed as the Bank of Bengal (2 January 1809). A unique institution, it was the first joint-stock bank of British India sponsored by the Government of Bengal. The Bank of Bombay (15 April 1840) and the Bank of Madras (1 July 1843) followed the Bank of Bengal. These three banks remained at the apex of modern banking in India till their amalgamation as the Imperial Bank of India on 27 January 1921.
Loans :

State Bank of India has a variety of schemes under Personal Finance to satisfy varying needs of the banking public. The Bank offers the following schemes with attractive rates of interest: 
*  HYPERLINK "http://www.sbi.co.in/viewsection.jsp?id=0,1,20,615" \t "_self" Loan For ESOPS *  HYPERLINK "http://www.sbi.co.in/viewsection.jsp?id=0,1,20,115" Housing Loan *  HYPERLINK "http://www.sbi.co.in/viewsection.jsp?lang=0&id=0,1,20,503" Easy Travel Loan  *  HYPERLINK "http://www.sbi.co.in/viewsection.jsp?id=0,1,20,117" Car Loan *  HYPERLINK "http://www.sbi.co.in/viewsection.jsp?id=0,1,20,118" Educational Loan *  HYPERLINK "http://www.sbi.co.in/viewsection.jsp?id=0,1,20,119" Personal Loan *  HYPERLINK "http://www.sbi.co.in/viewsection.jsp?id=0,1,20,120" Property Loan *  HYPERLINK "http://www.sbi.co.in/viewsection.jsp?id=0,1,20,121" Loan to Pensioners *  HYPERLINK "http://www.sbi.co.in/viewsection.jsp?id=0,1,20,122" Loan Against Shares/Debentures *  HYPERLINK "http://www.sbi.co.in/viewsection.jsp?id=0,1,20,124" Festival Loans *  HYPERLINK "http://www.sbi.co.in/viewsection.jsp?id=0,1,20,125" Medi-Plus Scheme *  HYPERLINK "http://www.sbi.co.in/viewsection.jsp?id=0,1,20,126" Teachers-Plus Scheme *  HYPERLINK "http://www.sbi.co.in/viewsection.jsp?id=0,1,20,127" Sainik-Plus Scheme *  HYPERLINK "http://www.sbi.co.in/viewsection.jsp?id=0,1,20,128" Tribal-Plus Scheme *  HYPERLINK "http://www.sbi.co.in/viewsection.jsp?lang=0&id=0,17,389" EMI Calculator *  HYPERLINK "http://www.sbi.co.in/viewsection.jsp?id=0,1,20,131" Credit Khazana Many of its branches offer loans under Personal Finance. This section also offers an EMI calculator to facilitate computation of monthly repayment.  HYPERLINK "file:///E:\\st%20report\\P.R\\New%20Folder1\\viewsection.jsp.htm" \l "#" 

Standard Chartered
Standard Chartered PLC is listed on both the London Stock Exchange and the Hong Kong Stock Exchange and is consistently ranked in the top 25 among FTSE-100 companies by market capitalisation.
Standard Chartered has a history of over 150 years in banking and operates in many of the world's fastest-growing markets with an extensive global network of over 1,400 branches (including subsidiaries, associates and joint ventures) in over 50 countries in the Asia Pacific Region, South Asia, the Middle East, Africa, the United Kingdom and the Americas.
As one of the world's most international banks, Standard Chartered employs almost 60,000 people, representing over 100 nationalities, worldwide. This diversity lies at the heart of the Bank's values and supports the Bank's growth as the world increasingly becomes one market.
With strong organic growth supported by strategic alliances and acquisitions and driven by its strengths in the balance and diversity of its business, products, geography and people, Standard Chartered is well positioned in the emerging trade corridors of Asia, Africa and the Middle East.
Standard Chartered derives over 90 percent of profits from Asia, Africa and the Middle East. Serving both Consumer and Wholesale Banking customers worldwide, the Bank combines deep local knowledge with global capability to offer a wide range of innovative products and services as well as award-winning solutions.
Trusted across its network for its standard of governance and corporate responsibility, Standard Chartered takes a long term view of the consequences of its actions to ensure that the Bank builds a sustainable business through social inclusion, environmental protection and good governance.
Standard Chartered is also committed to all its stakeholders by living its values in its approach towards managing its people, exceeding expectations of its customers, making a difference in communities and working with regulators.

UCO Bank
Founded in 1943, UCO Bank is a commercial bank and a Government of India Undertaking. Its Board of Directors consists of government representatives from the Government of India and Reserve Bank of India as well as eminent professionals like accountants, management experts, economists, businessmen, etc. Global banking has changed rapidly and UCO Bank has worked hard to adapt to these changes. The bank looks forward to the future with excitement and a commitment to bring greater benefits to you.
UCO Bank, with years of dedicated service to the Nation through active financial participation in all segments of the economy - Agriculture, Industry, Trade & Commerce, Service Sector, Infrastructure Sector etc., is keeping pace with the changing environment. With a countrywide network of more than 2000 service units which includes specialised and computerised branches in India and overseas, UCO Bank has marched into the 21st Century matched with dynamism and growth.
 HYPERLINK "file:///D:\\icici\\uco%20bank.htm" \l "top#top" Organisation Structure :
Headquartered in Kolkata, the Bank has 35 Regional Offices spread all over India. Branches located in a geographical area report to the Regional Office having jurisdiction over that area. These Regional Offices are headed by Senior Executives ranging upto the rank of General Manager, depending on size of business and importance of loacation. The Regional Offices report to General Managers functioning at Head Office in Kolkata.
 HYPERLINK "file:///D:\\icici\\uco%20bank.htm" \l "top#top" Commitment to Customers :
In all our promotional activities, they will be fair and reasonable in highlighting the salient features of the schemes marketed by them. Misleading or unfair highlighting of any aspect of any scheme/service marketed by the Bank leading to unfair practice shall not be resorted to by the Bank.
In commemorating the 50th Year of Independence of India, the Bank released a booklet entitled " Our Commitment to Customers " incorporating the Citizen's Charter on services provided by the Bank.
In continuing their endeavour to serve the customers better, they have considerably extended the business hours for public transaction at the branches on all week-days and also introduced a number of NO HOLIDAY branches. These branches are open all 365 days a year. Besides, several of our branches have Express DD Counter from where Demand Drafts can be purchased without any waiting time.
Banks Attractive Loan Schemes :
Being a Commercial Bank, giving Loans and Advances is among its primary activities. Apart from participation in meeting both Term Loan and Working Capital requirements of Agriculture sector, Trade and Service sector, Large/Medium and Small Scale Industries sector, Infrastructure sector etc. including taking care of their Export/Import and non-fund based needs like Letter of Credit, Bank Guarantee etc., bank have a fairly large basket of loan products specially designed to suit peoples personal needs.
 HYPERLINK "file:///D:\\icici\\uco%20bank.htm" \l "top#top" 
United Bank Of India
United Bank of India (UBI) is one of the 14 major banks which were nationalised on July 19, 1969. Its predecessor the United Bank of India Ltd., was formed in 1950 with the amalgamation of four banks viz. Comilla Banking Corporation Ltd. (1914), Bengal Central Bank Ltd. (1918), Comilla Union Bank Ltd. (1922) and Hooghly Bank Ltd. (1932) (which were established in the years indicated in brackets after the names). The origin of the Bank thus goes back as far as 1914. As against 174 branches, Rs. 147 crores of deposits and Rs. 112 crores of advances at the time of nationalisation in July, 1969, today the Bank has 1349 branches, over Rs. 37,167  crores of deposits and Rs. 22,641  crores of gross advances as on 31-03-07. Presently the Bank has a three-tier organisational set-up consisting of the Head Office, 28 Regional Offices and 1349 branches.
After nationalisation, the Bank expanded its branch network in a big way and actively participated in the developmental activities, particularly in the rural and semi-urban areas in conformity with the objectives of nationalisation. In recognition of the role played by the Bank, it was designated as Lead Bank in several districts and at present it is the Lead Bank in 30 districts in the States of West Bengal, Assam, Manipur and Tripura. The Bank is also the Convener of the State Level Bankers' Committees (SLBC) for the States of West Bengal and Tripura.
UBI played a significant role in the spread of banking services in different parts of the country, more particularly in Eastern and North-Eastern India. UBI has sponsored 4 Regional Rural Banks (RRB) one each in West Bengal, Assam, Manipur and Tripura. These four RRBs together have over 1000 branches. United Bank of India has contributed 35% of the share capital/ additional capital to all the four RRBs in four different states.In its efforts to provide banking services to the people living in the not easily accessible areas of the Sunderbans in West Bengal, UBI had established two floating mobile branches on motor launches which moved from island to island on different days of the week. The floating mobile branches were discontinued with the opening of full-fledged branches at the centres which were being served by the floating mobile branches. UBI is also known as the 'Tea Bank' because of its age-old association with the financing of tea gardens. It has been the largest lender to the tea industry
The Bank has three full fledged Overseas Branches one each at Kolkata, New Delhi and Mumbai with fully equipped dealing room and SWIFT terminal . The operations of 500 branches have been computerised either fully or partially and Electronic Fund Transfer System came to be implemented in the Bank's branches at Kolkata, Delhi, Mumbai and Chennai. The Bank has ATMs all over the country and having Cash Tree arrangement with 11 other Banks. The Bank has tie-up arrangement with WESTERN UNION to facilitate foreign currency transfers.
Retail Credit :
In order to make the Loan scheme more attractive to the people in the present competitive banking scenario, the same has been thoroughly revised by introducing liberal approach in eligibility, quantum of loan, interest and repayment etc. In order to encourage participation of women in availment of loan, the revised scheme provided higher quantum and longer repayment period on joining of wife as co-borrower in the loan.



PROMOTERS

There is no defined promoter entity for ICICI Bank and the functioning of the bank is in the hands of a professional team of managers. Some of them are :

Fairfax Financial Holding Limited:

Fairfax Financial Holding Limited is a financial services holding company whose corporate objective is to achieve a high rate of return on invested capital and build long-terms shareholders value.It provides services in the area of financial services, general insurance, reinsurance, insurance claims management and investment management. Fairfax Group is amongst the largest shareholder of ICICI Bank with about 4.5% shareholding. Lombard Canada it is One of the oldest Canadian Insurance Company. One of the oldest Canadian Insurance Company, Crum & Foster, Fairmont Insurance. the reinsure is Odyssey the strategic investment s are Hablin Watsa, Hub International (41%), Lindsey Morden (67%),TRG / RiverStone (27.5%) the International Insurance, Falcon Insurance (100%) ICICI Lombard (26%) First Capital (56%). This is the international promoter of the company and the national promoter of the company is ICICI BANK.

ICICI Bank :

It is India’s second largest bank. In year 1994 ICICI bank originally promoted by ICICI limited. It network of 573 branches and extension counters and over 2000 ATM’s Singapur $ Baharin and representative office in United States, China, UAE, Bangladesh and South Africa. Third amongst all the companies’ listed on the Indian stock exchanges as per market capitalization. The ICICI LIMITED is the first bank of financial institution from non Japan to be listed on the new NYSE. the ICICI bank is the third ranking amongst all the companies listed on Indian stock exchanges. Mr. Amitabh Bachachan is the brand ambassador of ICICI bank different kinds of product that ICICI has, for example home loans, personal loans, fixed deposits, senior citizens saving accounts, young accounts. ICIC bank has Rs. 400 billion market capitalization. There are different types of deposits like fixed deposits and recurring deposits. There are different types of lone products company has these are like farm equipment loan, home lone, car loan etc.some new products of are credit cards, D mat accounting/online accountings credit cards, bonds and investment, the company also selling the gold etc.if we see position of the ICICI banking it deals with some major field like Retail banking (core banking) it stands 2nd position. Auto loans ( 2&4 wheelers) it has 83% market shares. It is no 1 credit holders.Prudetiol ICICI deals with mutual funds. It stands at no 1 position. . 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 specialized subsidiaries and affiliates in the areas of investment banking (ICICI securities), life (ICICI prudential) and non-life insurance (ICICI Lombard), venture capital (ICICI ventures) and asset management (prudential ICICI ). ICICI Bank set up its international banking group in fiscal 2002 to cater to the cross-border needs of clients and leverage on its domestic banking strengths to offer products internationally.ICICI Bank's equity shares are listed in India on the Stock Exchange, Mumbai and the National Stock Exchange of India Limited and its American Depositary Receipts (ADRs) are listed on the New York Stock Exchange (NYSE).
At April 4, 2005, ICICI Bank, with free float market capitalization* of about Rs. 56,875 cr as on may 2006 ranked third amongst all the companies listed on the Indian stock exchanges.ICICI Bank was originally promoted in 1994 by ICICI Limited, an Indian financial institution, and was its wholly owned subsidiary. ICICI's shareholding in ICICI Bank was reduced to 46% through a public offering of shares in India in fiscal 1998, an equity offering in the form of ADRs listed on the NYSE in fiscal 2000, ICICI Bank's acquisition of Bank of Madura Limited in an all-stock amalgamation in fiscal 2001, and secondary market sales by ICICI to institutional investors in fiscal 2001 and fiscal 2002. ICICI was formed in 1955 at the initiative of the World Bank, the Government of India and representatives of Indian industry. The principal objective was to create a development financial institution for providing medium-term and long-term project financing to Indian businesses. In the 1990s, ICICI transformed its business from a development financial institution offering only project finance to a diversified financial services group offering a wide variety of products and services, both directly and through a number of subsidiaries and affiliates like ICICI Bank. In 1999, ICICI become the first Indian company and the first bank or financial institution from non-Japan Asia to be listed on the NYSE.
After consideration of various corporate structuring alternatives in the context of the emerging competitive scenario in the Indian banking industry, and the move towards universal banking, the managements of ICICI and ICICI Bank formed the view that the merger of ICICI with ICICI Bank would be the optimal strategic alternative for both entities, and would create the optimal legal structure for the ICICI group's universal banking strategy. The merger would enhance value for ICICI shareholders through the merged entity's access to low-cost deposits, greater opportunities for earning fee-based income and the ability to participate in the payments system and provide transaction-banking services. The merger would enhance value for ICICI Bank shareholders through a large capital base and scale of operations, seamless access to ICICI's strong corporate relationships built up over five decades, entry into new business segments, higher market share in various business segments, particularly fee-based services, and access to the vast
talent pool of ICICI and its subsidiaries. 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. The merger was approved by shareholders of ICICI and ICICI Bank in January 2002, by the High Court of Gujarat at Ahmedabad in March 2002, and by the High Court of Judicature at Mumbai and the Reserve Bank of India in April 2002. Consequent to the merger, the ICICI group's financing and banking operations, both wholesale and retail, have been integrated in a single entity.

ABN AMRO Bank :

With assets over US $504 billion and an AA credit rating, ABN AMRO Bank ranks among the top 10 banks in the world in size and strength. Our international network comprises 3,568 branches and offices in over 320 cities and 76 countries and territories, with over 100,000 highly qualified staff. As a global bank, we can handle the most complicated cross-border transactions, yet we also understand the subtleties of local markets.
ABN AMRO in India :
Traditionally known as a strong diamond financing bank, ABN AMRO today offers unparalleled suite of client services in India.
By leveraging our global reach and drawing on the expertise of our team of research, sales and trading, equity capital market and M&A advisory professionals, we have led many of the biggest and most innovative landmark transactions in India for our Corporate and Institutional Clients.
In addition, we also offer a broad range of transaction banking products, fixed income and foreign exchange products and services including sales and trading, fixed income origination, derivatives, structured lending and commodity financing.
For our Business Banking clients, we offer top quality services in trade finance, business loans, supply chain management, credit facilities, payment and cash management- solutions that help small to medium size businesses enhance cash flow, boost overall business efficiency and capitalize on new opportunities.
Through a diverse range of product offerings including personal loans, credit cards, savings accounts, financial planning, investment and insurance services, ABN AMRO meets the everyday financial needs of over a million Personal Banking clients in India.
In addition ABN AMRO has Van Gogh Preferred Banking which represents a new standard of relationship banking which has been exclusively created to offer an enhanced level of service to demanding individuals. Van Gogh Preferred Banking services offers a wide range of wealth maximization opportunities offering new standards of freedom, access, advice and service.
At ABN AMRO Broking we offer world class research, timely advice, extreme ease of use and swift real time transaction systems for our clients.
Private Banking Services in India offers our select and premium clients a comprehensive range of quality Portfolio Advisory Services along with a sophisticated execution platform. We aid in enhancing their wealth with premium services including investment advisory, non-discretionary portfolio management, investment funds, international estate planning and trust.
Asset Management in India is among the fastest growing asset managers with just two years of operations in the country. Backed by the favourable market conditions and a strong focus on the business we have an ever-increasing and widening distribution and aim to emerge as a leading player in the Indian asset management industry. Leveraging our Group's comprehensive research and diverse range of investment products, we offer our clients investment options in fixed income, equities, money markets and structured products.
The Microfinance program of ABN AMRO, the largest amongst its peer foreign banks in India, is aimed at delivering credit to our target community of rural poor woman through intermediaries called microfinance institutions. We today service 26 MFIs across 16 states in India with over 390,000 customers receiving micro financing small loans of USD 200 or less. Our aim is to reach a million customers by 2009. During the annual Sustainable Banking Awards ceremony held by Financial Times of London, ABN AMRO India was named the Sustainable Bank of the Year in the Emerging Markets category - both in the Asia region as well as globally.
Lastly, ICICI Bank is a professionally managed entity that was created post the merger of the erstwhile ICICI Limited with its subsidiary ICICI Bank. Due to the merger with its parent, the shareholding of ICICI Bank has changed significantly and foreign investors now have over 73% stake in the bank. Government controlled entities own over 15% stake in ICICI Bank, while other Indian entities hold the rest of the stake. This means that there is no defined promoter entity for ICICI Bank and the functioning of the bank is in the hands of a professional team of managers.








RESERCH & DEVELOPMENT ACTIVITIES

The company does a variety of research and development work in order to enhance its business which includes :

Corporate Supply-Chain Links
ICICI Bank's agri-banking has created an interface between rural areas and mainstream financial service providers to maximize outreach and leverage technology. This reduces the cost of finance delivery, devises customised solutions and offers complete supply-chain solutions for the corporate partner.

The Bank acts as a cohesive partner between corporates and rural aggregators (like co-operatives, MFIs, NGOs). These aggregators have the inherent strength of grassroot relationships in the rural domain. Also, there is a range of financial products for these aggregators and their members, which have been developed by the bank. Advantages offered to clients
• Aids the corporate to establish a supply chain in the rural domain.
• Helps market the corporate products in rural areas.
• Facilitates economic development and employment in rural areas

Farmer Service Centres
India's rural revolution has come through co-operatives in sectors such as milk and sugar. The Bank has initiated measures to convert these district level co-operatives into full-fledged Farmer Service Centers (FSC) by clubbing them with other co-operative societies.
Services offered by the FSCs
• One-point service providers to farmers. The Bank provides credit      assistance to farmers utilising the infrastructure of the FSC.
 • The FSC would also help strengthen the supply chain.
 • This would include an alliance with a number of crop output      companies (multi-nationals, exporters and retailers) who would      assure off-take and prices to farmers.  • On the other end of the spectrum, through its relationship with a number of agri-input companies, the Bank can also bring in input companies so that the entire input requirement (fertilizer, seed, pesticide) of farmers could be provided under one roof. FSC initiatives undertaken by various private sector companies have resulted in substantial value addition at the farm end. The Bank has played a key role in conceptualizing, developing and implementing the FSC model with various partners.By adopting innovative approach to Agri Business financing and by offering complete supply chain solutions. ICICI Bank has changed the face/dynamics of Agri Business Finance in the country.
ICICI Bank, India’s first universal bank, has the financial strength and the expertise to offer probably the widest array of financial services for the customers.
Whatever may be the requirements, if it is agri business, it’ s dedicated team of agri sector specialists and finance professionals with deep understanding of the sectoral business environment will devise custom solutions and offer complete supply chain solutions for the business.
Whether the business is of  HYPERLINK "file:///E:\\st%20report\\P.R\\New%20Folder1\\index.asp.htm" \l "dairy#dairy" Dairy,  HYPERLINK "file:///E:\\st%20report\\P.R\\New%20Folder1\\index.asp.htm" \l "sugar#sugar" Sugar,  HYPERLINK "file:///E:\\st%20report\\P.R\\New%20Folder1\\index.asp.htm" \l "plantation#plantation" Plantations,  HYPERLINK "file:///E:\\st%20report\\P.R\\New%20Folder1\\index.asp.htm" \l "seedsector#seedsector" Seed sector,  HYPERLINK "file:///E:\\st%20report\\P.R\\New%20Folder1\\index.asp.htm" \l "fertilizer#fertilizer" Fertilizer sector,  HYPERLINK "file:///E:\\st%20report\\P.R\\New%20Folder1\\index.asp.htm" \l "infrastructure#infrastructure" Infrastructure,  HYPERLINK "file:///E:\\st%20report\\P.R\\New%20Folder1\\index.asp.htm" \l "markets#markets" Markfeds or  HYPERLINK "file:///E:\\st%20report\\P.R\\New%20Folder1\\index.asp.htm" \l "food#food" Food Processing, ICICI Bank is the one stop shop for all the financial needs.
Dairy Sector
ICICI Bank has been working with various co-operatives as well as private players in this sector.
Product suite
Working Capital : Working Capital is designed to take care of the day to day business requirements of the organization. Looking at players, for domestic and international businesses, it can provide export packing credit, cash credit and bill purchasing/discounting facility customized to the requirements of the clients. The peak seasonal requirement due to distinctive seasonal production cycle of flush and lean months with a relatively stable consumption cycle can also be addressed.
Long term fund requirement for expansion/ new project: It provide medium term and long term funds for new project, expansion and upgradation of existing plants. In all cases we strive to customize the product offering based on the client’s specific cash flow pattern.
Cattle Financing : ICICI Bank can finance the dairy farmers for purchase of Milch animals and other related dairy equipment for farmers supplying milk to the dairy.

The Sugar Industry
ICICI Bank serves both the sugar industries as well as the can growers associated with the sugar industries. The strong linkage between the cane grower and the processor provides ICICI Bank the opportunity to offer structured products to both the parties at very competitive rates.
Regular commercial banking facilities are available for the sugar industry. It offer the industry banking services like working capital finance, term loans, forex assistance, etc.
Products on Offer
1) Regular commercial banking services for Sugar Industries like Working capital finance, Term loans, Forex etc.
2) Corporate-linked Agricultural Loan is a product in which ICICI Bank ties up with a sugar company to provide financial assistance to farmers linked to the sugar company. The corporate would generally be having an arrangement with the farmers to supply agricultural inputs and/or to procure/assist in marketing farm produce.
Features
The duration of the loan will be between 12-18 months depending on the duration of the crop
Loan will be disbursed either in from of agri inputs or a combination of agri inputs and cash
Value of loan sanctioned to a farmer will be a function of area grown under sugar cane cultivation.
Bullet repayment of principal and interest. Repayment of principal and interest will be deducted by the sugar company when it makes cane payments to the farmers.
Eligibility criteria for farmer selection
Land ownership
Consistent supply of cane for the last three years
Registered member of the sugar mill
The farmer should have an assured irrigation facility

For Farmers
The bank provides Corporate-linked Agricultural loans to farmers associated with sugar companies. The association may be in form of an agreement to buy agricultural inputs or sell their produce to the sugar company.
Salient features of the loan
• The loan is for 12-18 months depending on the duration of the crop        • Loans are disbursed either in the form of agricultural inputs or
a combination of agricultural inputs and cash.        • The amount of loan sanctioned would depend on the area of         sugarcane cultivation.        • Repayment of principal and interest would be in the form of         deductions by the sugar company when it makes cane payments         to farmers.
Eligibility criteria
• Land ownership by the farmer        • Consistent supply of cane to the sugar company for the last         three years.        • Registered member of the sugar company.        • The farmer should have an assured irrigation facility.

The Plantation Sector
Plantation sector is a significant foreign exchange earner for the Indian economy. In the international trade arena plantation products from India are unmatched in terms of the superior quality they offer. ICICI Bank enjoys long years of relationship with a number of business houses in the plantation sector, which has enabled us to design a whole suite of products for the sector. We stand committed to the efforts for unleashing the competitive advantage of the Indian tropics in plantation products. We offer the following products from our stable, meant for the different stakeholders in the value chain, in the plantation sector.
The importance of the plantation sector can be understood from the fact that 15% of agricultural export earnings come from crops like tea, coffee and rubber - although these industries occupy only one percent of the total plantation area.
Plantations have lengthy gestation period lasting four to five years, which distinguish their financial needs. Having long-term industry relations with the plantation industry, ICICI Bank has developed especially structured products.
Facilities for the plantation industry
• Long-term loans for capital expenditure on plantations and         processing facilities.        • Short-term loans for working capital requirement of the         plantations and the processing factories.        • Bills Discounting, Bank Guarantees and Packing Credit facilities          for exporters.        • Cash management service for domestic marketers.        • Real time remittance services for Auction Houses, Brokers and         Exporters        • Dealer financing through Bills Discounting for domestic         marketers.

The Seeds Sector
Agricultural inputs are an important part of the Bank's agenda in rural banking. ICICI Bank offers following products in the seeds sector:
Organizer financing:
Seed organizers undertake seed production on behalf of the seed company. ICICI Bank provides financial assistance to the seed organizers on recommendation and letter of comfort given by the seed companies. Short-term loans are extended for seed cultivation or against the stocks held by the seed organizers pending seed certification process. The credit limit depends on the value of seeds to be procured by the seed company from the seed organizer. The seed organizer gives instruction to the seed company to make payments directly to the bank on due date from the payments due to the organizer and this arrangement is to be confirmed by the seed company.

Regular working capital financing
The working capital requirement for seed companies is seasonal and varies depending upon the crop portfolio and seasonality. Working capital assessment for seed companies is done on cash flow method. The regular working capital assistance may be in the form of cash credit or working capital demand loan. The fluctuating part of the working capital can be structured as cash credit and balance can be structured as working capital demand loan which is a revolving credit for a fixed tenor with a minimum stipulated drawal.
Short term loans for Peak level working capital requirements Short term loans for a tenure of 3–6 months to support peak season requirements can be given during Kharif and Rabi seasons. The loans are for a fixed period and gets closed at the end of the season. This facility can be availed by the seed company for making farmer payments during peak seasons.
The Fertiliser Sector
Fertilizer Companies
The Fertilizer companies require high working capital due to their seasonal nature of sales and long credit period given to farmers. The industry is characterized by an established distributor and dealer network, which forms the backbone of the dispersed sales network. Certain products are designed for meeting the short-term credit requirements of the channel participants recommended by the corporate on basis of the selection parameters stipulated:
Dealer financing
This product provides short term financing to the dealers of fertilizer companies for making purchases of products from the companies. The financing shall be typically for the inventory-holding period of the dealer i.e. typically for a period up to 90 days. The financing to the dealers will be made either on one of the following basis: - - Financial recourse in the nature of Corporate Guarantee for the overall arrangement
- Non-Financial Recourse in the nature of Letter of Comfort for the overall arrangement (Stop supply etc)
Securitisation of receivables for companies
Many fertilizer companies have outstanding loans in their books towards the credit provided to the dealers for a period of 90 days. These book debts can be securitised to provide liquidity to the company, the pricing and the structure of the transaction can be worked on a case to case basis
Infrastructure
Agri Infrastructure Financing is one of the major areas of the Agri Business Group at ICICI Bank. The areas include financing of various agricultural projects in the agri- infrastructure sector like:
Warehouses / Godowns
Silos
Cold Chains
Refrigerated transport infrastructure
Development of Market yards
Agri Business clinics
Value Addition farm centers
Food Parks
Agri Export Zones etc.
The group is actively involved in conceptualizing and structuring innovative and customized financial products for these kinds of projects, based on the projects arrangement with private and public enterprises. The group is jointly working with various warehousing corporations, private infrastructure participants, government bodies and corporates across the country.
Market Federations
Products for State Level Marketing Federation
The Bank works with State-level Market Federations (Markfeds) at various platforms and has several products and services designed for them. ICICI Bank has identified State Level marketing federation as one of the thrust areas and is working with state level marketing federations of various states.
Working Capital - Working Capital facilities designed to take care of the day to day business requirements of the organization. Looking at the domestic trading business of MARKFED, ICICI Bank can provide cash credit and other customized short term products
Short term financing of fertilizer distributionDistribution of fertilizer is a core function of each Markfed. There is a strong demand for fertilizer at the onset of Rabi and Kharif seasons, which coincides with their requirement of funds. We have the capability to structure this short term fund requirement at competitive rates that will replace the regular and expensive cash credit limits.
Long term fund requirement for expansion/ new projectICICI Bank provides medium term and long term funds for new projects and/or expansion. ICICI Bank would be keen on funding Markfeds for the construction of silos and warehouses. We have the capability to structure the loan so as to reduce the risk and transfer the benefit to the client.
Converting the Markfed structure into Farmer Service CentersEach State Level Marketing Federation has a wide distribution network at district level which are called "District Co-operative Marketing Society" and "Primary Agricultural Credit Society (PACS)" network which are used to distribute agricultural inputs to the farmers.
ICICI Bank has proposed to convert these district level co-operatives and convert them into full fledged Farmer Service Centers (FSC). The District Level Co-operative societies can be strengthened further by clubbing a few co-operative Societies into Farmer Service Centers, which would be the one point service providers to the Farmers. ICICI Bank proposes to provide credit assistance to the farmers using the infrastructure of FSC. In addition to providing credit, ICICI Bank also proposes to tie up the other loose ends in the chain. This could include an alliance with a number of crop output companies such as MNC Corporates, Exporters and Retailers who would assure off-take and prices to the farmers. Through its relationship with a number of Agri input companies, ICICI Bank can also bring in input companies so that the entire input requirement (fertilizer, seeds, pesticides) of the farmers can be provided under one roof.
FSC initiatives undertaken by various private sector companies have resulted in substantial value addition at farm end. ICICI Bank has played a key role in conceptualizing, developing and implementation of FSC model with various partners.
Cash collection and disbursement
Different regional offices of MARKFED have collections and payments from their district level co-operatives. We can provide a solution, which will take care of both cash collection and disbursement. Our solution will provide following benefits: - Reduced time for cash collection and disbursement - Provide instantaneous funds transfer from/to district level branches to head office.
- Customized MIS report giving the status of cash collected and disbursed from each center and various other customized reports. - Our network of 500+ branches and extension counters provides a technologically advanced network at numerous towns /districts in different states.
Some of our esteemed clients in the Agriculture sector are Andhra Pradesh Dairy Co-operative, Food Corporation of India apart from established corporates like Hindustan Lever Limited (HLL).
The Food Processing Sector
Food processing is one of the fastest growing sectors of the Indian economy. The Bank works with various companies, both established and new, in this sector. The products offered are:
Working Capital Finance
Working capital finance takes care of the daily business requirements of the organization. The bank provides pre-/ post- shipment credits, cash credits and a bill purchasing/ discounting facility based on the requirements of the company.


Term Loans
The Bank gives loans of various tenures according the requirement of the company. It provide short-term funds to take care of any seasonal requirement and medium-term and long-term funds for new projects, expansions and upgrading of plants.

Agricultural Commercialisation and Enterprise Programme
These are USAID funds managed by the Bank. The main purpose is to improve the investment environment for private agri-business in post-farm horticulture. The focus is primarily on promoting agri-business innovations and diversity. Activities covered are fresh and processed fruit and vegetables, herbal products, spices, fruit- and vegetable-based processed foods, flowers and foliage.

Rural Educational Institutions
Education is the cornerstone of development. ICICI Bank provides loans to rural educational for investment in infrastructure with an objective to increase their enrolment of students and provide better facilities. The product caters to the need of privately run educational institutions/ trust/ societies for addition or expansion in infrastructure like adding new class rooms, lab facilities, residential facilities for students/ teachers, transportation, establishing a new school/ college etc by an existing institution.

No White Spaces
In order to scale up our outreach to the under-served population in rural areas, the bank had adopted the 'No White Spaces' (NWS) strategy for our retail business. It intend to cover the selected areas in rural India so that there is an ICICI Bank customer touch-point within a radius of 10km of a customer -- thus leaving 'no white space' in those locations. This strategy aims to bring holistic banking to the doorstep of our rural customer in the following manner :
• Developing and providing products customised to different          customer segments - agri- trader, processors, farmers and          entrepreneurs in semi-urban and rural areas.        • Channels customised to these customer segments.        • Agri-solutions towards all stages of the agri-value chain
By 2008, the Bank would extend its initiatives to 450 districts. In addition to its branch infrastructure, the Bank has evolved a network of non-branch channels to penetrate into rural areas not yet covered.

For its business promotion ICICI have established the following business groups :
International Business Group
The primary task of the IBG is to develop and implement the global components of our Universal Banking strategy. IBG has the following business teams:
Country Teams
NRI Services
International - Financial Institutions Group
Domestic Banking Group
It comprises of 2 key groups which works closely with each other. They pursue distinct customer segment strategies.
Retail Banking Group (RBG)
Wholesale Banking Group (WBG)
Project Finance Group
Project finance has historically been the mainstay of ICICI Bank's activities. The existing focused group in the infrastructure area has developed expertise in the areas of telecom, powers, ports, roads and urban infrastructure, which can be leveraged for funding as well as for government related policy advisory assignments.
Going forward, PFG will function as a credit-product group and will take limited exposures in carefully selected infrastructure and large manufacturing projects structured to ensure easy syndication.
Infrastructure Projects Group
Manufacturing Projects Group including Oil & Gas
Strategy and Analytic Group
Technology Lines Group
Shipping Finance Group
Special Asset Management Group
The Special Asset Management Group (SAMG) is a group of people with specialized skills in managing the "stressed" assets of ICICI Bank. A career in the group offers the following things:
Diverse learning opportunities
Coverage of entire gamut of corporate finance
Credit appraisal
Capital structuring
Valuation
Innovative work-out strategies
Opportunities of interacting with international lenders (viz. IFC, Washington, Bank of America, UBS)
Opportunities of interacting with investment bankers and consultants (viz. Jardine Fleming, Accenture, KPMG, E & Y)
A "senior management" perspective - Interactions with the top management in ICICI Bank as also client hierarchy are frequent
A "work hard, play hard" way of life
Corporate center
The various functional groups within corporate center, are as follows:-
Corporate Finance
Risk Compliance and Audit Group (RCAG)
Corporate Brand and Communication Group (CBCG)
Legal Group (LG)
Facilities Management and Administration Group (FMAG)
Corporate HR
The other activities includes :
Technology Finance Group (TFG) of ICICI Bank implements various programmes that assist industry and institutions for collaborative industrial R&D and technology development & commercialization in the focus areas of biotechnology/healthcare, electrical/electronics, energy, environment, materials, etc. In this regard TFG sources lines of credit from various bilateral and multilateral agencies like World Bank and United States Agency for International Development (USAID) and structures concessional term loans through various programmes of these agencies. The group assists projects in key focus areas that introduce new concepts, products or processes that would have both, an impact in the industry and improve competitiveness / operational efficiencies. Projects that have a demonstration effect and a replication potential in the country are also considered for assistance. The details of the various programmes at TFG are:

Sponsored Research & Development Programme (SPREAD):

Under the SPREAD programme, the group assists companies pursuing research and development activities. The objective of the programme is to promote indigenous development of products and processes in sectors like electrical, electronics, biotechnology, materials and engineering. The beneficiaries include both public and private companies. The companies are expected to undertake collaborative research projects jointly with any Technology Institution (mandatory condition). The assistance is provided for a specific project and would cover equipment; testing, test marketing, filing patents and other project related expenses but exclude civil works and pre-operatives. Funding is provided as a term loan on concessional terms upto 50% of the eligible project cost or Rs 50 million whichever is lower and repayment could be over a period of 3-4 years (including moratorium).

Technology Institutions Programme (TI):

Under the TI programme, the group assists Technology Institutions in the country for projects that meet the requirements of the industry. The objective of the programme is to help them upgrade, expand or augment their facilities to be on par with global standards. The institutions could also avail funding for forging collaborations with international organisations, training scientists and strengthening their marketing or for business development. Funding is provided as an interest free term loan (with nominal service charge) and repayment could be over a period of 4-6 years (including moratorium).

Lastly, risk is an inherent part of ICICI Bank’s business, and effective Risk Compliance & Audit Group is critical to achieving financial soundness and profitability. ICICI Bank has identified Risk Compliance & Audit Group as one of the core competencies for the next millennium. The Risk Compliance & Audit Group Group (RC & AG) at ICICI Bank benchmarks itself to international best practices so as to optimise capital utilisation and maximise shareholder value. With well defined policies and procedures in place, ICICI Bank identifies, assesses, monitors and manages the principal risks:
Credit Risk (the possibility of loss due to changes in the quality of counterparties)
Maket Risk (the possibility of loss due to changes in market prices and rates of securities and their levels of volatility)
Operational Risk the potential for loss arising from breakdowns in policies and controls, human error, contracts, systems and facilities)
The ability to implement analytical and statistical models is the true test of a risk methodology. In addition to three departments within the Risk Compliance & Audit Group handling the above risks, an Analytics Unit develops quantitative techniques and models for risk measurement.


HUMAN RESOURCES POLICES

“ The achievement of an organisation is the result of the combined efforts of each and every employee. All individuals want to do a good job, and if they are provided with the proper environment, they will do so. People rarely succeed at anything unless they enjoy doing it ”.

The Bank has continued to lay great emphasis on human resource development, to make its employees attain global standards in productivity, thereby maximising value creation for its stakeholders. Accordingly, the staff of the Bank has undergone significant training in a variety of training programmes at regular intervals. As many as 878 employees attended training programmes regularly, both domestic and overseas, and the average training per person was 37 hours, which compares favourably with international benchmarks. The employees form the backbone in all the initiatives undertaken by the Bank, which remains committed to constantly upgrading their skills through training to ensure constant improvements in performance. A performance bonus scheme provides wide ranging incentives to employees.

The Bank has always viewed Human Resource (HR) Development as a critical activity, as it plays a very important role in culture building and gives an impetus to the effort put in achieving business goals more efficiently. A seminar was conducted which enabled the Bank to establish clearly the link between business strategy and human resource strategy. Accordingly, different kinds of mindsets were worked out to ascertain the requirements in the staff in the three main lines of business – corporate banking, retail banking and treasury operations. A new organisational structure was implemented successfully with the ‘change agent’ role played by the HR Department. Three different job profiles viz., customer service and cross selling of products, back office operations and marketing and sales emerged after the new organisational structure was put in place. The recruitment process has been fine tuned through specially devised processes that identify an individual’s degree of customer orientation – the principal trait needed in the banking business. New recruits have been provided training in skill upgradation and team building and development of an appropriate mindset for better conduct of banking business. Training programs of shorter duration were designed for the existing staff, with specific focus on product information, customer service, cross selling of products and operational excellence. The promotion process has been designed on the principles of openness and transparency. Career progression is based on performance of employees being above an acceptable level with emphasise on those with high business drive and potential. These exercises are carried out by the Career Development Centre, which offers a comprehensive competency building programme. This process has been followed for the last 5 years and has been perceived as being fair and credible by the employees. A high level of performance is rewarded by a system of performance bonus. The ratio of variable bonus to fixed salary is fairly high to attract and retain the best talent in the Bank. Further, to ensure that the Bank does not lose high performers and to increase the motivation levels and instill a feeling of ownership, the Bank has introduced an Employee Stock Option Scheme (the Scheme). The first grant of stock options under the Scheme was made during the year. The total number of staff of the Bank increased from 891 as on March 31, 1999 to 1,344 as on March 31, 2000. On an average, an employee received 37 hours of training during the year. The Bank conducted 34 internal and 67 external training programmes involving 658 and 198 employees respectively. Further, 22 employees were a part of overseas training programmes.

ICICI Bank places great value on developing and nurturing its human capital as a critical resource in its efforts for value creation. During fiscal 2006, its human resources management strategy was focused on three key areas: talent acquisition, learning and development and employee engagement.

At March 31, 2006, ICICI Bank had 25,384 employees. In the sphere of talent acquisition, it maintainedour position as a preferred employer for students passing out of the leading educational institutions in
the country, enabling to attract the best talent for the Bank’s diverse and growing operations. Bank enhanced it’ s recruitment capability by establishing relationships with a larger number of educational
institutions across diverse disciplines. It recruited over 2,450 employees through the campus recruitment process. A significant step forward in creating a wider pool for talent acquisition was to partner withleading business schools in introducing banking industry specific courses to develop skills in areas like private banking, wealth management, credit appraisal and retail banking. They also focused efforts towards building ICICI Bank as a preferred employer brand in international locations and expandingour international employee base.

Induction programmes were a critical element in introducing the culture and ethos of ICICI Bank to newemployees. More than 13,000 new employees went through structured induction programmes covering product and process inputs, enhancing skills through simulated work situations in order to equip them with “first day – first hour” productivity. In addition to the training for new recruits, all employees periodically undergo training programmes for developing their functional and behavioural skills.

In fiscal 2006, bank articulated their core DNA – the key qualities and behaviours that were identified as essential in the organisation. They held the “Spirit of Leadership” celebrations to honour and felicitate employees who exemplify these core behaviours. This underlined the importance of the DNA in building the organisation’s cultural fabric and highlighted role models for the rest of the organisation to emulate. Special DNA communication meets were held to involve every single employee in this culture-buildinginitiative through discussion forums.
The Bank has placed strong emphasis on leadership development, to identify and develop a pool of talent that can take up leadership positions. The Bank has put in place a rigorous, multi-layer talent identification process to systematically identify talented managers to be groomed for leadership. The leadership development process involves personal investment of time by the wholetime Directors and senior management in mentoring high potential managers. The American Society for Training & Development, an organisation that benchmarks HR practices internationally, has acknowledged ICICI Bank’s learning culture and nurturing practices to be the best among Asian companies and among the top five in the world.

The Bank conducted its annual employee survey to facilitate continuous engagement with employees, enabling them to voice their views and opinions on various aspects of the organisation and help arrive at meaningful, actionable conclusions for organisational strategy. The Bank has been able to create thought leaders at various levels across the organisation to participate in policy making, employee communication and perspective building.
















MARKETING POLICIES

Marketing Initiatives
The mid-eighties marked the beginning of the shift to a buyers` market. The Bank orchestrated its business strategies around the centrality of the customer. It diversified into areas of merchant banking, housing finance, credit cards and mutual funds. A string of segment specific branches entrenched operations in the profitable markets. Overseas operations were revamped and structural changes intensified in the territories to cater to second generation NRIs. Slowly but surely, the move to become a one stop financial supermarket had been set in motion. Service delivery standards were stipulated.
Technology was adopted to add punch. Employees across the board were inculcated with the marketing concept. Aggressive marketing became the new business philosophy.
Its mission is to be “a World Class Indian Bank”, benchmarking ourselves against international standards and best practices in terms of product offerings, technology, service levels, risk management and audit & compliance. The objective is to build sound customer franchises across distinct businesses so as to be a preferred provider of banking services for target retail and wholesale customer segments, and to achieve a healthy growth in profitability, consistent with the Bank’s risk appetite. We are committed to do this while ensuring the highest levels of ethical standards, professional integrity, corporate governance and regulatory compliance.
People Initiatives
ICICI has always had an immense faith in the infinite potential of its people. Strategic HR interventions like, according cross border and cross cultural work exposure to its managers, hiring diverse functional specialists to support line functionaries and complementing the technical competencies of its people by imparting conceptual, managerial and leadership skills, gave the Bank competitive advantage. The elaborate man management policies also made the Bank a breeding ground for business leaders. The Bank provided around a dozen CEOs to the industry- men who went on to build other great institutions. People initiatives were blended with IR initiatives to create an effectively harmonious workplace, where everyone prospered.

The Bank has placed strong emphasis on leadership development, to identify and develop a pool of talent that can take up leadership positions. The Bank has put in place a rigorous, multi-layer talent
identification process to systematically identify talented managers to be groomed for leadership. The leadership development process involves personal investment of time by the wholetime Directors and senior management in mentoring high potential managers. The American Society for Training & Development, an organisation that benchmarks HR practices internationally, has acknowledged ICICI Bank’s learning culture and nurturing practices to be the best among Asian companies and among the top five in the world.

The Bank conducted its annual employee survey to facilitate continuous engagement with employees, enabling them to voice their views and opinions on various aspects of the organisation and help arrive at meaningful, actionable conclusions for organisational strategy. The Bank has been able to create thought leaders at various levels across the organisation to participate in policy making, employee communication and perspective building.

Financial Initiatives
New norms for capital adequacy required new capital management strategies. In fiscal 2006, ICICI Bank successfully concluded a capital raising exercise, raising a total of Rs. 80.01 billion through the first simultaneous public issue in India and American Depositary Share (ADS) issue in the United States, with a Public Offering Without Listing (POWL) of ADSs in Japan. The public issue in India was subscribed approximately seven times. The issue was priced at Rs. 525 in the domestic market and USD 26.75 in the ADS market which represented a discount of under 1% to the last closing price on stock exchanges in India and the United States, respectively.

Digital Initiatives
ICICI Bank is a pioneer in adopting and implementing the latest technology in banking. They have deployed state-of-the-art technology across various channels to provide convenient access to services to our customers. They have integrated processes from customer touch point to back-office operations in a seamless manner with the aid of technology and continue to be in the forefront of using technology to offer enhanced products and services.

During fiscal 2006, they migrated to a new credit card system with a scalable technology architecture that will enable to handle higher volumes and provide new transaction capabilities to the customers. Their payment gateway was also revamped to provide additional capabilities for servicing both customers and merchants.

Technology is a critical element of their strategy for international expansion. During fiscal 2006, core banking application was implemented with an enhanced graphical user interface in Hong Kong and Sri Lanka. A new US dollar clearing system was also successfully deployed in Hong Kong. Further, technology operations of their overseas operations have been outsourced to specialised teams in India. This has helped in reducing additional investments by leveraging existing infrastructure and has helped gain economies of scale and reduce costs.

They continue to experiment with a number of emerging technologies and are working closely with technology partners to provide innovative solutions to the customers. They believe that their commitment to technology will help them to maintain an innovative edge.

Quality Initiatives
In its relentless striving for quality perfection, ICICI Bank has established a tradition of best practices in corporate governance. The corporate governance framework in ICICI Bank is based on an effective independent Board, the separation of the Board’s supervisory role from the executive management and the constitution of Board Committees, generally comprising a majority of independent Directors and chaired by an independent Director, to oversee critical areas.

ICICI Bank’s corporate governance philosophy encompasses not only regulatory and legal requirements, such as the terms of listing agreements with stock exchanges, but also several voluntary practices aimed at a high level of business ethics, effective supervision and enhancement of value for all stakeholders.

Banks marketing strategy emphasizes the following :
· Increase market share in India’s expanding banking and financial services industry by following a disciplined growth strategy focusing on quality and not on quantity and delivering high quality customer service; · Leverage its technology platform and open scaleable systems to deliver more products to more customers and to control operating costs. · Maintain its current high standards for asset quality through disciplined credit risk management.
· Develop innovative products and services that attract the targeted customers and address inefficiencies in the Indian financial sector. · Continue to develop products and services that reduce the cost of funds. · Focus on high earnings growth with low volatility.

Bank follows the following marketing strategy in order to boost up its business :

Adds an unexpected benefits to every transaction just before completing the same. It prevents customers from developing any last minute hesitation ..and changing their minds regarding any disapprovals.

Collects testimonials from the customers and uses them in all advertising. Testimonials provide evidence that the product or service delivers the results promised. For maximum impact, it uses only those testimonials which describe specific results the customer enjoyed.

Include "benefit rich" headlines on all its web pages. Many visitors arrive at a web page then immediately click away ...unless something instantly catches their attention.

Continually test and evaluate everything it uses or does to promote the business. Allocates 80 percent of the advertising budget to proven promotions. Uses the other 20 percent for testing new variations. Most businesses using this system continue growing - even in highly competitive markets.

Handles customers complaints quickly and with a positive attitude. Strive to preserve the relationship with them instead of looking for immediate profit from the transaction. This will reward one with repeated prospects and referrals ..instead of punishing one by telling everybody they know about their unhappy experience and causing to lose future customers.
Bank has created a customer satisfaction systems which trains the staff on the intricacies of applying them to the customers. It had step-by-step guidelines that include each part of every customer interaction, from new customer inquiries to product satisfaction follow-up to customer complaints. When you provide consistent responses in every interaction, your customers believe in you as a reliable business that always provides what they expect.

Banks front-line staffs are the most resourceful and reliable, and are least costly in order to get the customer’s feedback. Front-line staff should be encouraged to build strong relationships with customers so that they feel free to share how they feel about the service. It is then for front-line staff to feed back important information for improving customer care and for managers to make use of what they tell them.



















ATTRACTIVE FEATURES

Retail Banking
The largest provider of retail credit in India ICICI group in fiscal 2006, maintained and enhanced market leadership in every segment of the retail credit business, including home loans, car loans, personal loans and credit cards. Its total retail disbursements in fiscal 2006 were approximately Rs. 626.00 billion, compared to approximately Rs. 433.00 billion in fiscal 2005. Our total retail portfolio increased from Rs. 561.33 billion at March 31, 2005 to Rs. 921.98 billion at March 31, 2006, constituting 63% of our total loans. We continued our focus on retail deposits to create a stable funding base. At March 31, 2006 we had more than 17 million retail customer accounts.

During fiscal 2006, they expanded their branch network. At March 31, 2006, they had 614 branches and extension counters compared to 562 branches and extension counters at March 31, 2005. IBL continued to expand their electronic channels, namely Internet banking, mobile banking, call centres, point of sale terminals and ATMs, and migrate customer transaction volumes to these channels. During fiscal 2006, over 70% of customer induced transactions took place through these electronic channels. We increased our ATM network to over 2,200 ATMs.

Cross-selling new products and also the products of our life and general insurance subsidiaries to the existing customers is a key focus area for the Bank. Cross-sell allows to deepen the relationship with existing customers and helps to reduce origination costs as well as earn fee income. Their branches and other online channels are increasingly becoming important points of sale for our insurance subsidiaries.

Customer service is a key focus area for the Bank and have adopted a multi-pronged approach to continuously monitor and enhance customer service levels. The Customer Service Council comprising wholetime directors and senior management meets regularly to review customer service initiatives. They have implemented a structured customer feedback process where feedback is received from customers through e-mail, sms and phone. They conduct regular training programmes for employees to improve customer handling and interaction and have incorporated customer service metrics in performance evaluation. Service quality team is also responsible for tracking resolution and turn-around times for service requests, identifying root causes to be addressed through process improvements, rewarding achievements in customer service and institutionalising learnings from customer feedback. The Board of Directors periodically reviews the initiatives taken by the Bank in this area.

Small and medium enterprises
They have significantly enhanced their franchise in the small enterprises segment. Strategy has been focused on customer convenience in transaction banking services, as well as working capital loans to suppliers or dealers of large corporations, and clusters of small enterprises that have a homogeneous profile. During fiscal 2006, bank had doubled their customer base, expanded their reach to 110 locations covering 480 branches of the Bank from where we service small and medium enterprises, increased the number of products offered and clusters covered and achieved robust growth in business volumes. They partnered with media organisations and a rating agency to organise the “Emerging India” awards to recognise the achievements of small and medium enterprises and strengthened their mindshare in the small and medium enterprises sector through a weekly column in a leading financial daily newspaper focused on the SME sector and through a magazine “Emerging Enterprises” for its SME clients jointly with another leading financial daily newspaper which features relevant and contemporary issues relating to SMEs. During the year, they also participated in the launch of a rating agency for SMEs and are seeking to grow their SME business model by creating a scalable business, developing a comprehensive product suite focused on SMEs, strengthening our risk management models and supporting the SME eco-system by fulfiling their requirements in a fast changing business environment.

Corporate Banking
Corporate banking strategy is based on providing comprehensive and customized financial solutions to its corporate customers and offer a complete range of corporate banking products including rupee and foreign currency debt, working capital credit, structured financing, syndication and transaction banking products and services.

Their corporate banking group has a focused relationship with a large proportion of the top 500 large corporates. Fiscal 2006 saw continuing demand for credit from the corporate sector, with growth and additional investment demand in almost all sectors. They are able to leverage their international presence and deep corporate relationships to work closely on important overseas acquisitions made by Indian companies and some of the largest infrastructure projects in India. The above strategies enabled to achieve robust growth in our fee income in fiscal 2006.

They have successfully used technology, both as an enabler and a differentiator, to achieve high penetration levels in the transaction banking business, contributing to our fee income streams. Their corporate banking operations hub is ISO 9001 certified. They offer online delivery capability for over 70% of the core finance functions of any corporate client and have implemented quality processes across their corporate banking operations and reduced turnaround times.

IBL have developed new relationships with medium-sized companies who we believe have the potential to become large corporations of tomorrow. They believe that medium-sized corporates will play an important role in the economy and have created a dedicated group for tapping opportunities with mid-cap companies and they have also restructured the delivery team for the transaction of banking products by creating dedicated sales teams for trade services and transaction banking products. This is expected to increase their market share from transaction banking products translating into a recurring fee income for the Bank.

Project Finance
The Indian economy is witnessing a resurgence in investment activity with companies undertaking both brownfield and greenfield expansions across sectors like infrastructure, oil & gas and manufacturing. They are uniquely positioned to meet the funding requirements of companies by leveraging the domestic and overseas presence to offer innovative financing solutions. The key to their project finance proposition is their constant endeavour to add value to the projects through financial structuring to ensure bankability of projects. These services are backed by strong due diligence and structuring skills and extensive relationships with various international sponsors and consultants. Equal emphasis is laid on ensuring marketable debt structuring. In fiscal 2006, we were the lead arrangers for several major project finance transactions in the country.

The proposed modernisation, upgradation and expansion of metro and non-metro airports are expected to provide significant business opportunities in the future. They had assisted the successful bidder for the modernisation and upgradation of the Delhi international airport. The road sector has been witnessing increased activity in the form of the various phases of the National Highway Development Project. The thrust in the port sector is on privatisation and expansion of berths in major ports besides projects for connecting major ports with the nearest highways and railway stations. In fiscal 2006, IBL participated in the financing of the international container terminal project at Cochin.

The telecom sector is expected to see continued growth and consequently large investments in networks by telecom service providers. The ultra mega power projects announced by the central Government, besides the increasing interest in hydroelectric generation capacity in the private sector are expected to continue providing attractive funding opportunities in the power sector. In fiscal 2006, they were the sole arranger for the largest private sector hydroelectric power project.

The oil and gas sector is witnessing activity across the entire value chain, from exploration and production through increased private sector participation under the New Exploration Licensing Policy to setting up of large-scale refineries by both public sector and private sector players. The manufacturing sector is also seeing fresh capacity additions across sectors such as steel, aluminium, zinc and copper. In fiscal 2006, they were the preferred partner for the capacity expansion of a steel major.

Rural banking and Agri-business
The rural economy represents a large latent demand for financial services including credit products, savings products, investment products and risk mitigation products like insurance. However, the delivery of financial services in rural areas presents a set of unique challenges. They have formulated a comprehensive strategy for rural, micro-banking and agri-business, encompassing a range of products and channels, with the twin objectives of meeting the needs of the rural economy while building a sustainable business model.

IBL have adopted an integrated approach to agricultural financing by addressing the entire value chain from production to consumption with a deep sectoral focus and are exploring all the business opportunities in the integration of the value chain, including the creation of rural infrastructure like cold storage facilities and warehouses. They offer a comprehensive suite of products for all customer segments operating in the rural areas – corporates, small and medium enterprises, farmers and traders. Their six primary credit products for the rural retail segment are – micro-finance loans, farmer financing, working capital financing for agri-enterprises, farm equipment financing, commodity based financing and jewel loans. Other financial services like savings, investment and insurance customised for the rural segment complete our offering. During fiscal 2006, they introduced the “no-frill account”, a basic savings account with a very low quarterly average balance requirement. During fiscal 2006, RBI also introduced guidelines for extension of banking services through the use of banking facilitators and correspondents. These measures would enable them to extend their banking services to rural customers.

Their channel strategy envisages multiple channels catering to all segments of the rural population and have developed a “no white spaces” strategy to comprehensively cover an identified rural geography. This involves setting up a ICICI Bank touch point within 10 kilometres from any customer, using a combination of branch and non-branch channels, aimed at fulfilling the financial needs of all rural customer segments - farmers, agri traders, processors and non-agri customers. It involves establishing a hybrid low-cost distribution network by partnering with corporates, micro-finance institutions, franchisees and rural marketing agents, setting up branches at strategic locations and leveraging the distribution network of other banks.


GOVERNMENT POLICIES

The Government last amended the policy on External Commercial Borrowings (ECB) in January 2004. The policy is regularly reviewed in consultation with the Reserve Bank of India (RBI) keeping in view the current macroeconomic situation, challenges faced in external sector management and the experience gained so far in administering ECB policy. In the background of developments in recent months, it has been decided to further revise the policy as explained below.

1. ECB can be accessed under two routes, namely,
(i) Automatic Route and
(ii) Approval Route.

ECB for investment in the real sector - industrial sector, especially infrastructure sector in India – is under the Automatic Route, i.e. will not require RBI/Government approval. The maximum amount of ECB which can be raised by an eligible borrower under the Automatic Route is USD 500 million during a financial year. The following is permissible under the Automatic route:

a) ECB up to USD 20 million or equivalent with minimum average maturity of 3 years
b) ECB above USD 20 million and up to USD 500 million or equivalent with minimum average maturity of 5 years
2. All cases, which fall outside the purview of the Automatic Route, will be decided by an Empowered Committee of RBI.

Eligible borrowers
3. Under the extant policy, corporates registered under the Companies Act, 1956, except financial intermediaries such as banks, financial institutions (FIs), housing finance companies and Non-Banking Finance Companies (NBFCs), are eligible. Subsequently, NGOs engaged in micro-finance activities have been permitted to raise ECB up to USD 5 million during a financial year for permitted end-use,
under the automatic route. Detailed guidelines have been issued by RBI. It has now been decided to further expand the eligibility/end-use as follows:
a) ECB by NBFCs will be permitted under the Approval Route from multilateral financialinstitutions, reputed regional financial institutions, official export agencies andinternational banks towards import of infrastructure equipment for leasing to
infrastructure projects with a minimum average maturity of 5 years.
b) Foreign Currency Convertible Bonds (FCCBs) by Housing Finance Companies withstrong financials satisfying criteria to be notified by RBI, will be permitted under theApproval Route.

4. Individuals, Trusts and non-profit making organizations, except NGOs as mentioned in paragraph 4 above, are not eligible to raise ECB.

5. Financial institutions dealing exclusively with infrastructure or export finance such as IDFC, IL&FS, Power Finance Corporation, Power Trading Corporation, IRCON and EXIM Bank are considered on a case-by-case basis i.e. through the approval route.

6. Banks and financial institutions which had participated in the textile or steel sector restructuring package as approved by the Government are permitted to the extent of their investment in the package and assessment by RBI based on prudential norms. Any ECB availed for this purpose so far is deducted from their entitlement.

Recognised Lenders
7. Borrowers can raise ECB from internationally recognised sources such as
(i) internationalbanks, international capital markets, multilateral financial institutions (such as IFC, ADB, CDC etc.)
(ii) export credit agencies and
(iii) suppliers of equipment, foreign collaborators and foreign equity holders.

Interest Rate Spreads
8. All ECBs are subject to the following maximum spreads over six month LIBOR, for therespective currency of borrowing or the applicable benchmark(s) as the case may be:
MINIMUM AVERAGE MATURITY ALL-IN-COST CEILINGS OVER SIX
PERIOD MONTHS LIBOR*
3 years and up to 5 years 200 basis points
More than 5 years 350 basis points

* All-in-cost ceilings includes rate of interest, other fees and expenses in
foreign currency except commitment fee, pre-payment fee and fee payable in Indian rupees. Moreover, the payment of withholding tax in
Indian rupees is excluded for calculating the all-in-cost.

End-use
9. Permissible end-use/restrictions are explained below:
a) ECB can be raised only for investment (such as import of capital goods, new projects, modernization/expansion of existing production units) in real sector - industrial sector including small and medium enterprises (SME) and infrastructure sector - in India. Infrastructure sector is defined as:
(i) power,
(ii) telecommunication,
(iii) railways,
(iv) roads including bridges,
(v) ports,
(vi) industrial parks and
(vii) urban infrastructure (water supply, sanitation and sewageprojects);

b) ECB proceeds can be utilised for overseas direct investment in Joint Ventures (JV)/Wholly Owned Subsidiaries (WOS) subject to the existing guidelines on Indian Direct Investment in JV/WOS abroad;

c) Utilisation of ECB proceeds is permitted in the first stage acquisition of shares in the disinvestment process and also in the mandatory second stage offer to the public under the Government’s disinvestment programme of PSU shares;

d) Utilisation of ECB proceeds is not permitted for investment in capital markets by corporates or for on-lending, except for cases mentioned in paragraphs 4, 6 and 7 above;

e) Utilisation of ECB proceeds is not permitted in real estate. The term ‘real estate’ excludes development of townships, housing, built-up infrastructure and construction-development projects as defined by Ministry of Commerce and Industry, Department of Industrial Policy and Promotion, SIA (FC Division), Press Note 2 (2005 Series) dated 3rd March 2005;

f) End-uses of ECB for working capital, general corporate purpose and repayment of existing Rupee loans are not permitted.

Guarantees
10. Issuance of guarantee, standby letter of credit, letter of undertaking or letter of comfort by banks, financial institutions and NBFCs relating to ECB is not normally permitted. Applications for providing guarantee/standby letter of credit or letter of comfort by banks, financial institutions relating to ECB in the case of SME will be considered on merit subject to prudential norms.

Parking of ECB proceeds overseas
11. ECB proceeds should be parked overseas until actual requirement in India.

Prepayment
12. Under the earlier guidelines, prepayment of ECB up to USD 100 million was permitted without prior approval of RBI, subject to compliance with the stipulated minimum average maturity period as applicable for the loan. It has now been decided to revise this upward to USD 200 million, subject to minimum average maturity of 5 years. Pre-payment of ECB for amounts exceeding USD 200 million or
prepayment of ECBs with minimum average maturity of 3-5 years would be on the Approval Route.

Refinance of existing ECB
13. Refinancing of existing ECB by raising fresh ECBs at lower cost is permitted subject to thecondition that the outstanding maturity of the original loan is maintained.

Foreign Currency Convertible Bonds (FCCBs)
14. The policy for ECB is also applicable to FCCBs in all respects, except in the case of Housing Finance Companies for which criteria will be notified by RBI.

15. The amendments to the ECB guidelines will come into force from the date of notification of regulations/directions by RBI under the Foreign Exchange Management Act, 1999.
Financial markets remained generally stable during 2005-06 although interest rates firmed up in all segments and the uncollateralised overnight call market experienced persistent tightness during the last quarter of the year.
A noteworthy and desirable development during the year was the substantial migration of money market activity from the uncollateralised call money segment to the collateralised market repo and collateralised borrowing and lending obligations (CBLO) markets.
The total overhang of liquidity as reflected in outstandings under the Liquidity Adjustment Facility (LAF), the Market Stabilisation Scheme (MSS) and surplus cash balances of the Central Government taken together declined from an average of Rs 1,14,192 crore in March 2005 to Rs 74,334 crore in March 2006.
For the first time since 1969, investment by SCBs in Government and other approved securities declined by Rs 11,576 crore in 2005-06 in contrast to an increase of Rs 49,373 crore, net of conversion, in 2004-05.
During 2005-06, the Central Government's net market borrowings at Rs 95,370 crore were 86.5 per cent of the budgeted amount of Rs 1,10,291 crore and gross market borrowings of Rs 1,58,000 crore were 88.5 per cent of the budgeted amount of Rs 1,78,487 crore.
Global Developments
Global growth moderated in the fourth quarter (Q4) of 2005, but is estimated to have risen to 4.8 per cent by the International Monetary Fund (IMF) for the full year in view of the broad-based expansion in economic activity.
Though price stability has been maintained in major industrial countries in the face of the oil shock, risks loom large in the form of lagged second order effects of oil price increases, geopolitical tensions, the probability of disorderly and rapid adjustment of current account imbalances and the risks emanating from the housing market, particularly when the cycle turns down.
Overall Assessment
Macroeconomic and financial conditions have evolved as stronger than expected. Inflation has been contained well within the projected range as reflected in the relative stability of long-term interest rates. There are indications of improvement in the fiscal situation and the return to the path of correction set by the Fiscal Responsibility and Budget Management Rules. Global growth has also exhibited considerable resilience.
Downside risks to the economic outlook internationally continue in the form high and volatile oil prices, geo-political tensions and supply shocks, elevated asset prices, global imbalances and tightening of monetary policy globally. In the domestic economy, non-food credit growth, deposit growth and money supply growth were higher than the projections. Asset prices have registered a substantial increase. Ensuring credit quality and increasing the pace of investment in infrastructure is important.
Monetary Measures
Bank Rate kept unchanged at 6.0 per cent.
Reverse Repo Rate and Repo Rate kept unchanged at 5.5 per cent and 6.5 per cent, respectively.
Cash reserve ratio (CRR) kept unchanged at 5.0 per cent.
Developmental and Regulatory Policies
Interest Rate Policy :
Status quo be maintained on interest rate on savings bank deposits.
The ceiling on interest rates on non-resident (external) rupee deposits for one to three years maturity raised by 25 basis points to 100 basis points above LIBOR/SWAP rates for US dollar of corresponding maturity with immediate effect.
The ceiling interest rate on export credit in foreign currency raised by 25 basis points to LIBOR plus 100 basis points from LIBOR plus 75 basis points with immediate effect.
Financial Markets :
A screen-based negotiated quote-driven system for dealings in call/notice and term money market (NDS-CALL) to be launched shortly with participation by market constituents on a voluntary basis.
'When issued' (WI) market in Government securities being introduced shortly.
Primary dealers permitted to diversify their activities as considered appropriate, in addition to their core business of Government securities, subject to limits.
Ways and means advances (WMA) limits for the Central government be fixed on a quarterly basis as against half-yearly as hitherto.
For consolidation of Central Government securities, identified illiquid securities to be bought from the secondary market by the Reserve Bank and once a critical amount of securities is acquired, they would be bought back by the Government to extinguish the stock.
Mutual Funds, which are NDS members, permitted to access the NDS-OM module with immediate effect. Other MFs would be permitted access by opening temporary current/SGL accounts with the Reserve Bank.
Large pension/provident funds like CBOT/Seamens'/Coal Miners' funds permitted to access the NDS-OM module by opening temporary current/SGL accounts with the Reserve Bank. The smaller funds would be allowed access through the CSGL route.
State Governments to be encouraged to progressively increase the share of market borrowings under the auction route.
States, at their discretion and initiative, be encouraged to develop an advance indicative open market borrowing calendar.
Facility of non-competitive bidding (currently limited to Central Government dated securities) be extended to the primary auction of State Development Loans.
Purchase and resale of State Development Loans by the Reserve Bank introduced under the overnight LAF repo operations.
Standing Technical Committee (STC) to be constituted under the aegis of the State Finance Secretaries Conference to advise on the wide-ranging issues relating to the borrowing programmes of Central and State Governments through a consensual and co-operative approach.
Working Group to be constituted to examine the relevant recommendations of the High Level Expert Committee on Corporate Bonds and Securitisation (Chairman: Dr. R.H. Patil) and suggest a roadmap for implementation.
ADs to grant extension of time to realise export proceeds up to US $ 1 million beyond the prescribed period of six months.
ADs to allow remittances towards initial and recurring expenses of branch offices of Indian entities up to 10 per cent and 5 per cent of the average annual sales/income or turnover during the last two accounting years, respectively.
Advisory Group (Chairman: Shri Mohandas Pai) constituted to review all foreign exchange regulations relating to services and make appropriate suggestions for further clarification or simplification.
Credit Delivery Mechanisms and Other Banking Services
RRBs permitted to open/shift offices after obtaining clearance from the Empowered Committees (ECs); similarly, requests for conduct of foreign exchange business as limited authorised dealers (for current account transactions) be approved on clearance by the ECs.
Working Group to be constituted to suggest measures for assisting distressed farmers, including provision of financial counselling services and introduction of a specific Credit Guarantee Scheme under the DICGC Act for such farmers.
Technical Group to be constituted to review the efficacy of the existing legislative framework governing money lending and its enforcement machinery in different States and make recommendations to State Governments for improving the legal and enforcement framework in the interest of rural households.
SLBC convenors in all States/UTs advised to identify at least one district in their area for achieving 100 per cent financial inclusion by providing a `no-frills' account and a general purpose credit card (GCC) on the lines of the initiative taken in Pondicherry.
Banks to display and update, in their offices/branches as also on their websites, the details of various service charges in a format to be approved by the Reserve Bank.
Working Group to be constituted to formulate a scheme for ensuring reasonableness of bank charges and to incorporate the same in the Fair Practices Code.

MANAGEMENT TEAM
Board Members
Mr. N. Vaghul, Chairman
Mr. Sridar Iyengar
Mr. R.K.Joshi
Mr. Lakshmi N. Mittal
Mr. Narendra Murkumbi
Mr. Anupam Puri

Mr. Vinod Rai
Mr. M.K. Sharma
Mr. P.M. Sinha
Prof. Marti G. Subrahmanyam
Mr. T.S. Vijayan
Mr. V. Prem Watsa
Mr. K.V. Kamath, Managing Director & CEO
Ms. Chanda Kochhar, Deputy Managing Director
Dr. Nachiket Mor, Deputy Managing Director
Ms. Madhabi Puri-Buch, Executive Director
Mr. V. Vaidyanathan, Executive Director
Ms. Lalita D. Gupte, Joint Managing Director
Ms. Kalpana Morparia, Joint Managing Director

Senior Management
Senior General Managers :
Mr. Bhargav Dasgupta
Mr. Sanjiv Kerkar
Mr. Ramni Nirula
Mr. Nagesh Pinge
Mr. K. Ramkumar
Mr. V. Vaidyanathan
Mr. Pravir Vohra
Vishakha Mulye, Chief Financial Officer & Treasurer
Mr. Jyotin Mehta, General Manager & Company Secretary

Board Committees
Audit Committee :
Sridar Iyengar, Chairman
Narendra Murkumbi
M. K. Sharma
Board Governance & Remuneration Committee :
N. Vaghul, Chairman
Anupam Puri
M. K. Sharma
P. M. Sinha
Marti G. Subrahmanyam

Credit Committee :
N. Vaghul, Chairman
Narendra Murkumbi
M. K. Sharma
P. M. Sinha
K. V. Kamath
Fraud Monitoring Committee :
M. K. Sharma, Chairman
Narendra Murkumbi
K. V. Kamath
Kalpana Morparia
Chanda D. Kochhar

Share Transfer & Shareholders’/Investors’ Grievance Committee :
M. K. Sharma, Chairman
Narendra Murkumbi
Kalpana Morparia
Chanda D. Kochhar

Committee of Directors :
K. V. Kamath, Chairman
Lalita D. Gupte
Kalpana Morparia
Chanda D. Kochhar
Nachiket Mor

Asset Liability Management Committee :
Lalita D. Gupte, Chairperson
Kalpana Morparia
Chanda D. Kochhar
Nachiket Mor
Business Heads :
Mr. Narayanan Vaghul, Chairman, has been a Consultant to the World Bank, the International Finance Corporation and the Asian Development Bank. Mr. Vaghul has been the Non Executive Chairman of ICICI Bank Ltd. since March 27, 2002. Mr. Vaghul has been the Chairman of the Board of ICICI Limited since September 1985. Mr. Vaghul also serves as Chairman of ICICI Knowledge Park Intercommercial Bank. Prior to this, he was Chairman of the Bank of India. He has been a Director of Mittal Steel. He holds a Bachelor's Degree from The University of Madras, India.

Mr. Kundapur Vaman Kamath has been a Managing Director and Chief Executive Officer of ICICI Bank Ltd., since May 3, 2002. Mr. Kamath served as Managing Director of ICICI Ltd. since October 12, 1995 and serves as Chief Executive Officer. Mr. Kamath serves as Chairman of Management, Resources, Treasury and Asset Liability Committees. He serves as the Chairman of ICICI Infotech Services Limited, ICICI Personal Financial Services Limited, ICICI Web Trade Limited, and Prudential. He holds a Master's Degree The Indian Institute of Management, Ahmedabad and has also done MBA from The Indian Institute of Management, Ahmedabad.

Mr. Mahendra Kumar Sharma, joined Hindustan Lever Ltd., in 1974 as Legal Manager. Mr. Sharma was inducted on the Board of Hindustan Lever Ltd. as a Director of Legal and Secretarial in August 1995. He is Chairman of Vasishti Detergents Limited. He has been the Vice Chairman of Hindustan Lever Ltd. since May 2000 and also serves as Vice Chairman of Management Committee. He has been a Director of ICICI Bank Ltd. since January 31, 2003 and serves as a Member of Audit Committee. He has done Postgraduate Diploma from The University of Delhi.
Mr. Narendra M. Murkumbi, Director, also serves as Managing Director of Shree Renuka Sugars Limited. Mr. Murkumbi has been a Director of ICICI Bank Ltd since January 20, 2006. He serves as a Director of Shree Renuka Sugars Limited. He has rich experience in small-scale industry, the agriculture sector and the rural economy. Mr. Murkumbi has a bachelor's degree in engineering and a post-graduate degree in management from Indian Institute of Management, Ahmedabad.
Mr. Priya Mohan Sinha, Director, he is a Professional Manager. Mr. Sinha served as a Chairman of PepsiCo India Holdings Ltd. and President of Pepsi Foods Ltd. since 1992. Mr. Sinha served as a Chief Executive Officer of Pepsi Beverages International for South Asia. Mr. Sinha served as the Chief Executive Officer of Pepsi Cola International South Asia. From 1981 to 1985, he also served as Sales Director of Hindustan Lever. From October 1981 to November 1992, he served as the Executive Director. He has done his Bachelor's in Arts from Patna University.
Mr. Vinod Rai, Director, also serves as an Additional Secretary of Ministry of Finance, Department of Economic Affairs, Government of India. Mr. Rai also serves in its Affairs, Government of India. He is an officer of the Indian Administrative Services (batch of 1972). Mr. Rai has held senior posts with the State Government of Kerala and the Government of India. Prior to his present posting in the Banking Division, Government of India, he served as Principal Secretary (Finance). He holds a Master's Degree from Harvard University and also a Master's Degree from Delhi School of Economics in 1972.

Mr. Lakshmi Niwas Mittal, Director, also serves as Chief Executive Officer and Chairman of the Board of Directors of Mittal Steel Company NV (formely Ispat International N.V.), a parent company of Ispat Inland Inc. Mr. Mittal also serves as President of Ispat Inland ULC. He has approximately 31 years of experience in steel and related industries. He is the founder of Ispat International and has been responsible for the strategic direction and development of the business.

Mr. V. Prem Watsa, Director, he has been Chairman and Chief Executive Officer of Fairfax Financial Holdings Ltd., a financial services holding company since 1985. Mr. Watsa has been Vice President and Secretary of Hamblin Watsa Investment Counsel Ltd. since 1985. He serves as the President of 1109519 Ontario Limited, 810679 Ontario Limited, FFHL Share Option 1 Corp. and The Sixty Two Investment Company Limited and Vice President of FFHL Group Limited. He has done MBA from The University Of Western Ontario and also holds a Bachelor's Degree from The Indian Institute of Technology, Madras.

Mr. Anupam Pradip Puri, Director, he is a Special Advisor at General Atlantic LLC. He joined the firm in 2001 and is based in the firm's office in Mumbai, India. Prior to General Atlantic, Mr. Puri was an Advisor for Industrial Development to the President of Algeria and a Consultant to General Electric's Center for Advanced Studies. He has been a Director at Patni Computer Systems Ltd. since November 12, 2003. Mr. Puri has been a Director at ICICI Bank Ltd. since May 3, 2002. He holds a Bachelor’s Degree in Arts from St. Stephens College, Delhi and also from The University of Delhi. He also holds a Master's Degree from Oxford University.

Prof. Marti Gurunath Subrahmanyam, Director, he is an Emeritus Advisor at The View Group, L.P. He has been a Director of ICICI Bank Ltd. since May 3, 2002. Prof. Subrahmanyam has been Independent Director of Infosys Technologies Ltd. since April 1998 and is a Member of the Compensation and Audit Committees. He also sits on the Boards of several other companies including Animi Offshore Fund Ltd., Nomura Asset Management U.S.A. Inc., the Murugappa Group, Nexgen Financial Holdings Ltd. He has done Bachelor’s in Engineering from The Indian Institute of Technology, Madras. He has also done PhD from Massachusetts Institute of Technology.
Mr. R. K. Joshi has been Non-Executive Additional Director of Icici Bank Ltd. since October 13, 2005. Mr. Joshi serves as Chairman and Managing Director of General Insurance Corporation of India.
Mr. Sridhar Iyengar has been Additional Director of Icici Bank Ltd. since May 2005. Mr. Iyengar is a chartered accountant and former partner with KPMG.
Mr. T. S. Vijayan, Director, also serves as Chairman of the Board of Life Insurance Corporation of India. Mr. Vijayan serves as Director of National Commodity and Derivatives Exchange Ltd. and is a Member of its Business Strategy Committee. Mr. Vijayan served as Additional Director of ITC Ltd., from October 28, 2005 to May 26, 2006. He is representing the Specified Undertaking of Unit Trust of India (SUUTI).


THE COMPANY’S PRODUCT LINE

ICICI Bank Ltd. (IBN)
About The Company :
ICICI Bank, post its merger with the parent ICICI, has emerged as the second largest bank in the country after SBI in terms of asset size. The bank is a professionally managed entity and provides a range of corporate and retail banking services. ICICI Bank also prides itself as the first universal bank in the country due to the fact that it provides a wide variety of services. It is also the first Indian bank to offer Internet banking and also the first to get listed on the NYSE. ICICI Bank, post its merger with parent ICICI, is the second largest bank in the country with a strong presence in the retail segment. Post its reverse merger in FY02, ICICI Bank has reoriented its focus towards the fast growing retail sector (36% of advances). In this process, the bank has reduced its exposure to the corporate segment both on the assets as well as the liabilities side. The bank has aggressively focused on reducing its interest expenses by concentrating on the retail segment in order to raise low cost demand and savings deposits. ICICI Bank has, thus, over the last 2-3 years emerged as one of the largest players in the retail segment.
ICICI is India's largest bank in the private sector. ICICI offers various products and services in India in areas of personal banking, online stock trading, loans (home, auto, personal etc), insurance, foreign exchange trading and mutual funds. It offers services to Non-Resident Indians like money transfer,  HYPERLINK "http://www.icicibank.com/pfsuser/icicibank/ibank-nri/nrinewversion/Accounts_other_NREsavings.htm" NRE and  HYPERLINK "http://www.icicibank.com/pfsuser/icicibank/ibank-nri/nrinewversion/Accounts_other_NREsavings.htm" NRO savings accounts and certain investment options as well. As of February 15, 2007, ICICI Bank had a network of 670 branches and 2,680 automated teller machines. It also operates in the United Kingdom, Canada, Russia, Hong Kong, Bahrain, Singapore, Sri Lanka, the United States, United Arab Emirates, China, South Africa, and Bangladesh. It closed last Friday at 37.99 from its high of 46.99, about 20% down. The downturn was not only because of the markets tanking, but also because of the recent increase in cash reserve ratio mandated by the Reserve Bank of India in order to curb inflation. Current YOY  HYPERLINK "http://www.forbes.com/2007/02/23/india-sensex-dive-markets-equity-cx_rd_0223markets13.html?partner=yahootix" inflation rate in India stands at 6.63%, making it likely that the monetary policy will continue to be tightened.
ICICI Bank offers wide variety of Loans Products to suit ones requirements. Coupled with convenience of networked branches/ ATMs and facility of E-channels like Internet and Mobile Banking, ICICI Bank brings banking at doorstep. Selecting any of the loan product and provide to submit details online and its representative will contact for getting loans.
Product Line :
When one embark on the journey of life, every one know s to navigate its own way through ups and downs. One needs to make numerous plans and take important decisions. Some of them, far-reaching decisions with a financial bearing. This is where each one need to prepare for the ups and downs.
Most of us pass through four life stages as we age: youth, young couple, family, and relaxed. Each of these stages has its own characteristics and financial concerns.
ICICI Bank makes financial plans and decisions as simple as possible, through a suite of products and services designed for each of these life stages to enable customer to cruise through in the easiest possible manner.
Just select the life stage that best fit into now, and select from the products and services that bank have already designed to suit ones needs.
Being a Commercial Bank, giving Loans and Advances is among its primary activities. Apart from participation in meeting both Term Loan and Working Capital requirements of Agriculture sector, Trade and Service sector, Large/Medium and Small Scale Industries sector, Infrastructure sector etc. including taking care of their Export/Import and non-fund based needs like Letter of Credit, Bank Guarantee etc., bank have a fairly large basket of loan products specially designed to suit ones personal needs. Some of the attractive Loan Schemes are described below :
Home Loan
Personal Loan
Car Loan
Two Wheeler Loan
Commercial Vehicle Loan
Loan Against Securities
Loan Against Gold
Farm Equipment Loan
Construction Equipment Loan
Office Equipment Loan
Medical Equipment Loan
Rural Educational Institute Finance
Pre-approved Loans
Customer Durable Loans
Fexicash
Retail Warehouse Receipt Based Finance

FEATURES OF THE PRODUCTS
Board of Directors of Hindustan Lever Limited. He has wide experience in marketing, international trade and has special knowledge and practical experience in respect of agriculture, rural economy, co-operation and small-scale industries. He has been a Chairman of Bata India Ltd. since April 16, 2004 and is a Chairman of Agriculture and Rural Development Committee of Federation of Indian Chambers of Commerce and Industry (FICCI). Mr. Sinha was also Chairman of Stepan Chemicals Limited between 1990 and 1993. He has been a Director of ICICI Bank Ltd. since January 22, 2002. He has been a Director of Wipro Ltd. since January 1, 2002. He has been a Non-Official Director of Indian Oil Corp. Ltd. since August 29, 2003. He serves as a Director of Azim Premji Foundation, Bharti Televentures Limited and Lafarge India Limited. His other Committee Memberships includes Chairman of Azim Premji Foundation Compensation Committee, Indian Oil Corporation Limited as Member of Audit Committee; Lafarge India Limited, Wipro Limited , Quadra Advisory Private Limited as Member of Audit Committee; Wipro Limited Compensation and Benefit Committee and Nomination Committee; ICICI Bank Limited Agriculture & Small Enterprises Business Committee Board Governance & Remuneration Committee Business Strategy Committee and on the Board of Governors of Management Development Institute, Gurgaon. He served as a Director of Brooke Bond India Limited, Lipton India Limited, Indexport Limited and Lever Nepal Limited. He holds a Bachelors of Arts degree from Patna University and he also attended an Advanced Management Program in the Sloan School of Management, Massachusetts Institute of TechnoHe serves as a Director for the following: Hind Lever Chemicals Limited, Hind Lever Trust Limited Indexport Limited, Lever India Exports Limited, Hindustan Lever Ltd., Nepal Lever Limited and Toc Disinfectants Limited. After graduating in Political Science, he completed his L.L.B from the University of Lucknow. He then went on to do a Postgraduate Diploma in Personnel Management from the Department of Business Management, Delhi University, and a Diploma in Labour Law from the Indian Law Company NV (formerly Ispat International N.V.) since July 1997 and serves as Member of the Audit, Nomination and Remuneration Committees. He has been a Director of Wipro Ltd. since June 1997 and its lead independent Director. He serves as an Independent Director of Nicholas Piramal India Ltd. and is Chairman of Compensation Committee. He serves as a Director of ICICI Bank Ltd. and ICICI Limited. He serves as Director of Mahindra & Mahindra Ltd. and is Chairman of Compensation Committee. He serves as a Director of Technology Network (India) Pvt. Ltd. and Air India Limited. He is also a Director of Samtel Color and Apollo Hospitals. Mr. Vaghul served as Executive Director of the Central Bank of India. Mr. Vaghul has 47 years of experience in the financial sector. He was chosen as the Businessman of the Year in 1992 by Business India, a leading Indian publication. He was also the visiting Professor of the Stern Business School in the New York University. He is Chairman of the Indian Institute of Finance Management & Research. Mr. Vaghul holds a B. Commerce in Banking from Madras Unive
ICICI Bank offers wide variety of Loans Products to suit ones requirements.Coupled with convenience of networked branches/ ATMs and facility of E-channels like Internet and Mobile Banking, ICICI Bank brings banking at doorstep. Selecting any of the loan product and provide to submit details online and its representative will contact for getting loans.
Home Loan –
The housing finance market in India is growing at a tremendous pace. The sector has seen a lot of changes in recent times. The drop in interest rates, stable real estate prices and the attractive tax savings provided by the government have together resulted in a high rate of growth, which is expected to continue.
Moreover, the mindset of the customer, as far as taking a loan is concerned, has also undergone a change, resulting in stiff competition. Housing banks are now coming out with innovative schemes trying to be differentiate themselves in the ever-growing market. ICICI Bank - India's second largest bank - that holds 25-30 percent of the market share, has launched a new home loan scheme 'MaxMoney' that offers the dual benefit of higher eligibility and affordability to a customer. Rajiv Sabarwal, Chief Operating Officer, ICICI Bank shares the housing finance market scenario and the company's concerns for the market, in an interview.
ICICI Bank Home Loans offers some unbeatable benefits to its customers - Doorstep Service, Simplified Documentation and Guidance throughout the Process.
At  HYPERLINK "http://www.icicibank.com/Pfsuser/loans/homeloans/hlhomepage.htm" ICICI Bank Home Loans , offer unbeatable benefits to ensure that customer get the best deal without any hassles. And they make it extremely easy by offering :
Attractive  HYPERLINK "http://www.icicibank.com/Pfsuser/loans/homeloans/hlratesandfees.htm" loan interest rates
 HYPERLINK "http://www.icicibank.com/Pfsuser/loans/homeloans/hlloanamount.htm" Home loan amounts starting  from  Rs. 2 lakhs
Term loans up to 20 years
Free Personal Accident Insurance  HYPERLINK "http://www.icicibank.com/Pfsuser/loans/homeloans/hltermsandcondi.htm" (Terms & Conditions)
Insurance options for your home loan at attractive premium
With its varied offering of house loans and home finance,  HYPERLINK "http://www.icicibank.com/Pfsuser/loans/homeloans/hlhomepage.htm" ICICI Bank Home Loans gives an opportunity to select the perfect loan as per ones need and can choose from:
Adjustable Rate  Home Loan
Fixed  Rate Home  Loan
Part fixed, Part Floating Rate Home Loan
Smartfix  Home Loan
MoneySaver  Home Loan and also
Balance Transfer of your existing home loan from other banks.
All of these are available on an adjustable rate or a fixed rate.
Factors affecting your Loan Amount
 HYPERLINK "file:///E:\\Pfsuser\\loans\\homeloans\\hlhomepage.htm" ICICI Bank Home Loans brings a home loan power-packed with numerous facilities making it the perfect home finance option.
With  HYPERLINK "file:///E:\\Pfsuser\\loans\\homeloans\\hlhomepage.htm" ICICI Bank Home Loans, one can get a home loan starting from Rs. 2 lakh (Delhi, Mumbai & Bangalore Rs. 3 Lakhs). The home loan amount depends on ones repayment capability and is restricted to a maximum of 85% of the cost of the property or the cost of construction as applicable. Repayment capacity takes into consideration factors such as income, age, qualifications, number of dependants, spouse's income, assets, liabilities, stability, continuity of occupation and savings history.
A number of factors are taken into account when assessing ones repayment capacity. Income, age, number of dependants, qualifications, assets and liabilities, stability/ continuity of employment / business are some of them.
However, there are ways by which eligibility can enhanced.
If spouse is earning, put him/her as a co-applicant. The additional income shall be included to enhance loan amount. Incidentally, if there are any co-owners they must necessarily be co-applicants.
Fiancée's income can also be considered for sanctioning the loan on applicant’s combined income. The disbursement of the loan, however, will be done only after submitting marriage proof.
Providing additional security like bonds, fixed deposits and LIC policies may also help to enhance eligibility.

While there is no need for a guarantor, it could be that having one might enhance your credibility with us. If so, the loan officer would provide with the necessary details.

The final amount to be sanctioned will depend on ones repayment capacity. However, what one ultimately is entitled to will have to conform within the limits fixed for each loan.
Also, when the company looks at the total cost, registration charges, transfer charges and stamp duty costs are included.
Application Process
The moment one decides to buy a home, he can put in the application for a home loan and can apply for a home loan even before selecting the property.
The property need not even be in the  same city where the applicant is residing. The only condition being that ICICI Bank has  HYPERLINK "file:///E:\\Pfsuser\\loans\\homeloans\\hlhomepage.htm" Home Loans operations in both the cities.
If it is refinancing, it is possible within 6 months from the date of purchase of property.
If there be a change in ones financial status or plans then he can withdraw the  HYPERLINK "file:///E:\\Pfsuser\\loans\\homeloans\\hlsanctioning.htm" sanction within 6 months of approval of the home loan.
However, bank is always ready to assist its customers in the event of legitimate problems. And, might reconsider this if finds that there are satisfactory reasons for the delay.
Documents required
At  HYPERLINK "file:///E:\\Pfsuser\\loans\\homeloans\\hlhomepage.htm" ICICI Bank Home Loans, it require the following documents :
Bank statement for the last six months.
Income Documents e.g. Latest Form 16, Certified IT returns for latest 3 years.
Admin Fee cheque.
Loan Enclosure letter.

Other Documents
For Individual Borrowers :
(i) Photo Id Proof
(ii) Residence Address Proof

For Non Individual Borrowers :
(i) Id Proof
(ii) Office Address Proof

These are the documents required for sanctioning a loan and may be asked to submit further legal documents if required by ICICI Bank or its approved lawyers.

Disbursement
At  HYPERLINK "file:///E:\\Pfsuser\\loans\\homeloans\\hlhomepage.htm" ICICI Bank Home Loans, disbursement of the loan amount is done after one identifies and select the property or home that he is purchasing and after submitting the requisite legal documents
The 230 A Clearance of the seller and / or 37I clearance from the appropriate income tax authorities (if applicable) is also needed.
On satisfactory completion of the above, on registration of the conveyance deed and on the investment of your own contribution, the loan amount (as warranted by the stage of construction) will be disbursed by ICICI Bank.
The disbursement will be in favour of the builder/seller.
List of documents for disbursement
Standard documents:
Loan Agreements
Disbursement Requests
Post-dated cheques
Personal guarantor's documents, as the case may be
Some documents are specific to each state.
Eligibility Terms
The eligibility norms for availing  HYPERLINK "http://www.icicibank.com/Pfsuser/loans/homeloans/hlhomepage.htm" Home Loans are easy and simple to follow. These  eligibility  norms  for home loans are applicable to all resident Indians looking to avail the home loans
You must be at least 21 years of age when the loan is sanctioned.
The loan must terminate before or when you turn 65 years of age or before retirement, whichever is earlier.
You must be employed or self-employed with a regular source of income.

Repayment Terms

 HYPERLINK "file:///E:\\Pfsuser\\loans\\homeloans\\hlhomepage.htm" \t "_blank" ICICI Bank Home Loans address all queries about the repayment terms of Home Loans with respect to tenure,  HYPERLINK "file:///E:\\Pfsuser\\loans\\homeloans\\hltoolsyoucanuse.htm" home loan EMIs, methods of  HYPERLINK "file:///E:\\Pfsuser\\loans\\homeloans\\hltoolsyoucanuse.htm" home loans EMI payments and  HYPERLINK "file:///E:\\Pfsuser\\loans\\homeloans\\hltoolsyoucanuse.htm" pre-EMI interest

What is the repayment tenure?

Loan against Property - Maximum loan tenure of 15 years.
Office premise loan - Maximum loan tenure of 15 years.
Home loan - Maximum loan tenure of 20 years

How is the loan repaid?

All loan repayments are done via equated monthly instalments (EMI).
What is an EMI?
An EMI refers to an equated monthly instalment. It is a fixed amount which you pay every month towards your loan. It comprises of both, principal repayment and interest payment.
When does the repayment start?
EMI payments start from the month following the month in which the full disbursement has been made.
How is the EMI paid?
The EMI is to be paid every month through post-dated cheques (PDCs) or Electronic Clearing System (ECS)*. If one is opting for PDCs, then will have to provide 36 PDCs upfront. The PDCs are to be dated on the 1st of every month.
What if a PDC bounces?
In the case of a bounced cheque or delayed payment, charges and outstanding dues will be charged as per the prevailing company policy and can replace old PDCs with new ones within 5 - 7 working days.
What is pre-EMI interest?
In the case of part disbursement of the loan, monthly interest is payable only on the disbursed amount. This interest is called pre-EMI interest (PEMI) and is payable monthly till the final disbursement is made, after which the EMIs would commence.
When to pay PEMIs?
The first PEMI is payable by cheque by the end of the month in which the disbursement is made and each subsequent PEMI at the end of every month till the commencement of EMI.
Home Loan Interest Rates for Resident Indians
The  interest  rate on  HYPERLINK "file:///E:\\Pfsuser\\loans\\homeloans\\hlhomepage.htm" ICICI  Bank  Home Loans is linked to the ICICI Bank Floating Reference Rate (FRR)/PLR. As per earlier communication, FRR/PLR was increased by 1% on Feb 9th 2007. Consequently interest rate for all existing customers under Adjustable Rate Home Loans (ARHL) also went up by 1%. Subsequent to this change, as per recent announcement, the FRR/PLR has been further increased by 1% effective from March 31st 2007.The FRR has gone up from 11.75% to 12.75%& PLR has gone up from 13.75% to 14.75%. For all the Adjustable Rate Home Loan customers, both the above changes will be effective from 1st April 2007.
Description of ChargesHome loansLoan Processing Charges / Renewal Charges Home Loans: 0.5% of loan amount as Administrative fee or Rs.2,000, whichever is higher. Loan Overdraft against property or office premises: 1% of loan amount or Rs.2,000, whichever is higher. Fees are non–refundable.Prepayment Charges2 % on the principal outstanding on full prepaymentSolvency CertificateNACharges for late payment (loans)Home Loans : 2% per month Home OD : 1.5% of the outstanding amount subject to minimum of Rs. 500/- & Maximum of Rs.5000/-Charges for changing from fixed to floating rates of interest1.75% on principal outstandingCharges for changing from floating to fixed rates of interest1.75% on principal outstandingCheque Swap ChargesRs. 500/-Document Retrieval ChargesRs. 500/-Cheque bounce chargesRs. 200/-
Note : Service Tax and other govt. taxes, levies, etc. applicable as per prevailing rate will be charged over and above these charges.
Personel Loan –
With  HYPERLINK "file:///E:\\Pfsuser\\loans\\personalloans\\plhomepage.htm" ICICI Bank Personal Loans, one  can  get  instant  money  for a wide range of personal needs like renovation of home, marriage in the family, a  family  holiday, child's education, buying a laptop, medical expenses or any other emergencies.
 HYPERLINK "file:///E:\\Pfsuser\\loans\\homeloans\\hlhomepage.htm" ICICI  Bank  Personal  Loans are  fast  and  easy  to  get. With  minimum  HYPERLINK "file:///E:\\Pfsuser\\loans\\personalloans\\plsanctioning.htm" documentation, one can now secure a loan for an amount up to Rs. 15 lakhs at attractive  HYPERLINK "file:///E:\\Pfsuser\\loans\\personalloans\\plratesandfees.htm" personal loan interest rates.
Key Benefits of ICICI Bank Personal Loan :
Loan up to 15 lacs
No security/guarantor required
Faster Processing
Minimum Documentation
Attractive Interest Rates
12-60 Months repayment options
One can get an ICICI Bank Personal Loan on the repayment track of existing Home loan, Car loan or Personal loan; or Credit Card statement.
Application Process
There is an option of applying online for a personal loan. An ICICI Bank Ltd. representative will contact to service ones loan requirements. On receiving the completed application form with the requisite documents, bank shall process the loan within 3 working days.

Documents required
ICICI Bank provides with personal finance to fulfill any of ones desires with minimum documentation :

Documents ( Pre Sanction)SalariedSelf EmployedLatest 3 months Bank Statement (where salary/income is credited)YesYes3 Latest salary slipsYes Last 2 years ITR with computation of income / Certified Financials YesProof of Turnover (Latest Sales / Service tax returns) YesProof of Continuity current job (Form 16 / Company appointment letter )Yes Proof of Continuity current profession (IT Returns / Certificate of business continuity issued by the bank) YesProof of Identity (any one)Passport / Driving Licence / Voters ID / PAN card / Photo Credit Card / Employee ID cardYesYesProof of Residence (any one) Ration Card / Utility bill / LIC Policy ReceiptYesYesProof of Office (any one) Lease deed / Utility bill / Municipal Tax receipt / title deed YesProof of Qualification Highest Degree (for Professionals / Govt employees YesYes

Eligibility Terms
One can avail of an ICICI Bank Personal Loan by meeting the following criteria:

CriteriaSalariedSelf - Employed Age25 yrs. - 58 yrs.25 yrs. - 65 yrs.Net SalaryNet annual income - Rs. 96,000 p.a Net Profit after tax - Rs. 60,000 p.a EligibiltyEmployees of Public Ltd. cos. , Private Ltd. cos. MNCs Or Government.Doctors, MBA's, Architects, CA's, Engineers, Traders & ManufacturersYears in current job / profession1 Year3 YearsYears in current residence1 Year1 Year
Service Charges
The service charges for an ICICI Bank Personal Loan :
Prepayment of the loan is possible after 180 days of availing the loan.
Foreclosure charges as applicable would be levied on the outstanding loan.
No other fees or commitment charges are levied.
Part pre-payment is not allowed.
Description of ChargesPersonal LoansLoan Processing Charges / Origination Charges2* % of loan amount + Origination Charges of 1% of loan amountPrepayment Charges5% on the principal outstandingCharges for late payment (loans)2% per month Cheque Swap ChargesRs. 500/-Cheque bounce chargesRs. 200/-

Note :
1) Origination Charges are included in the Advance installments/ First installment.
2) Service Tax and other govt. taxes, levies, etc. applicable as per prevailing rate will be charged over and above these charges
* -Upto 5% for select categories

Car Loan –
 HYPERLINK "file:///E:\\Pfsuser\\loans\\carloans\\alhomepage.htm" ICICI Bank Car Loans offers flexible schemes & quick processing of loans. They are  extremely convenient, flexible and quick. With more  than 1800 channel  partners  in over 1000  locations, they reach out to millions of customers  and   help  them  realise  their  dream  of possessing a car. 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.
One can choose from a range of car models like Ford India Cars, Honda Cars, Hyundai Cars, Maruti Cars, Fiat Cars, Tata Indica Cars and their models like Ford Fiesta, Honda City, Hyundai Santro, Hyundai Getz, Hyundai Accent, Maruti 800, Maruti Esteem, Tata Indica etc.
Bank offers multiple schemes and repayment options for the car loan. Repayment tenure ranges from 1 year to 7 years for new car loans.  Six year and seven  year  loans are available for  specific  models. Maximum loan tenure  for used car  would depend on  the age  of the car. The car should not be more than 8 years  old at the time of maturity of the loan.
New Car
They offer loans up to 100% of ‘on-road’ cost on select models, and up to 95% of the ex-showroom price on others. Our interest rates would pleasantly surprise you. What’s more, you can take up to 7 years to repay the loan.
Used Cars
They offer up to 90% of the car value, and up to a 7-year repayment duration and finance cars which are up to 10 years old at the end of the loan tenure.
They offer  HYPERLINK "file:///E:\\Pfsuser\\loans\\carloans\\alhomepage.htm" Car Loans for new as well as used cars as per ones need and offer a minimum of Rs. 75,000 for a used car and Rs. 1,00,000 for a new car. Higher car loan amounts are also disbursed according to the model of the car.
Factors affecting your  HYPERLINK "http://www.icicibank.com/Pfsuser/loans/carloans/alhomepage.htm" Car Loan Amount
Car Loans
New car
We finance upto 95% of the ex-showroom cost of the car.
The Loan amount also depends on the car model. Higher loan amounts are available under specific enhanced income eligibility criteria.
Minimum loan amount for new car Loan is Rs.1 lac.
Used car
For a used car, we finance up to a maximum of 90% of the valuation of the car
Minimum loan amount for a used car loan is Rs. 75000/-

Loan Enhancement
To enhance the loan amount, the certified income of the co-applicant can be considered, if requested by the applicant.
The co-applicant can be the spouse or son/daughter living in the same city.
Similarly, in case of a partnership firm or a limited company one of the partners or a director can be taken a co-applicant / guarantor for increasing the loan amount
However, in both cases, the asset has to be registered in the name of a single owner, not joint ownership.

Car Overdraft
A maximum overdraft facility of upto 90% of the value of the car may be availed subject to the above limits ( Car value is determined through a valuation )
Application Process
Keep  It Simple  and  Swift. That's  the  idea behind  the  easy  and quick application process of  HYPERLINK "file:///E:\\Pfsuser\\loans\\carloans\\alhomepage.htm" ICICI  Bank  Car Loans. They have multiple channels for to access the car loan services and can call on the contact numbers, can apply  online, send an email, call for representative, visit the bank centre or SMS can them.
The loan will be disbursed within one day of submitting all the required post-sanction documents.
If the vehicle is readily available with the dealer, one can get your car as soon as the disbursal is made to the dealer. However  HYPERLINK "http://www.icicibank.com" ICICI Bank is in no way responsible for car deliveries as they are regulated by the car manufacturer's delivery schedules.

Eligibility
Car Loan
ParticularsSalaried IndividualSelf-Employed IndividualPartnership FirmPrivate / Public Ltd Co Age CriteriaThe applicant should be atleast 21 years old at time of application, and below 60 years of age at time of maturity of the loan Any Proprietor, partner, professional or director above 21 years of age but below 65 at the time of the loan's maturity Limited companies should have been in existence for at least 2 years 

Income CriteriaGross annual salary above Rs 1 lakh p.aGross annual income above Rs 60,000 Firm should have a minimum PAT (profit after tax) income of Rs 60,000Minimum PAT (profit after tax) of Rs 60,000 
Car Overdraft
A current account on wheels! Convert your car into cash by taking an overdraft up to 90% of the assessed value of the car.
Salaried IndividualSelf-Employed IndividualPartnership FirmPrivate / Public Ltd Co Above 21 years of age but below 60 at the time of the loan's maturity Any Proprietor, partner, professional or director above 21 years of age but below 65 at the time of the loan's maturity -Limited companies should have been in existence for at least 2 years Gross annual salary above Rs 1 lakh p.aGross annual income above Rs 60,000 p.a. Firm should have a minimum PAT (profit after tax) income of Rs 60,000 Minimum PAT (profit after tax) of Rs 60,000
Benefits
Loan on the Strength of Income : Submit income proofs as required and avail of finance up to 100% of the ‘on-road’ cost of the car.
Contribute 20% : One can contribute 20% or more of the ex-showroom price of the car. No need for any income proof.
Instant Funding for Credit Card Holders : If one holds a credit card for more than a year with a good repayment record can get a loan up to 90% of the ex-showroom price of the car. No need for any income documents. And no field investigation too.
100% Loan for Fixed Deposit Holders : If one have a fixed deposit with  HYPERLINK "http://www.icicibank.com/" ICICI Bank can get a loan up to 100% of the ex-showroom price of the car. No need for income proofs.
They also have several other car loan options based on life insurance premium receipts, bank statements, RC Book, etc.
Premium Benefits
Pay interest only on the funds you withdraw.
Pay only a minimum of 5 % of the utilised amount. No fixed EMIs.
Repayment Terms
Car Loans
Repayment tenure ranges from 1 year to 7 years for New Car Loans. Six Year and Seven year loans are available for specific models.
Maximum loan tenure for used car would depend on the age of the car. The car should not be more than 8 years old at the time of maturity of the loan.
Can change the tenure of the loan before the loan is disbursed. The interest rate & EMI would be changed accordingly. The repayment due dates are 5th and 10th of every month and would depend on the date of disbursement. Payment due dates cannot be changed.
Can make the Payments through post-dated cheques (PDCs)
Repayment option through Direct Debit Mandates is also available for all  HYPERLINK "http://www.icicibank.com" ICICI Bank account holders.
Option of repaying through ECS is also available in select cities.
Payments through cash or credit cards are not accepted. One may change the PDC's in case the Bank Account is changed. However, they would require verification of signatures by new banker. A nominal fee of Rs.750/- (Swap Charges) would be charged for exchange of cheques.
A full pre-payment of the loan is accepted. Part pre-payment is not allowed.
Service Tax will be charged as applicable.
They charge pre-payment fee of 5% on the outstanding principal amount, service tax will be charged as applicable.
They charge Rs.250/-per bounced cheque.

Note: All charges are subject to Service Tax as applicable.

Car Overdraft

Billing cycle

Statements carrying the details of your transactions with the total &minimum amount due, interest (if applicable) will be generated for a 30-day period and sent to you by the 7th of every month.
The due date for making the payment is the 25th of every month. Interest is charged only on the amount utilized and for the period it has been utilized.E.g. If out of the total sanctioned overdraft limit of Rs. 100,000, and you withdraw Rs. 25,000 for 14 days, you will be charged interest on Rs. 25,000 for 14 days.
Amount
On receipt of your monthly statement, you have the following payment choices:
Pay the full dues.
Pay a minimum of 5% of the total outstanding (for the previous calendar month) within the payment due date. For your convenience, this is specified separately in your monthly billing statement. The balance can be carried forward to subsequent months.
Pay any amount ranging from the Minimum amount due to the total amount due.

Mode
Can deposit repayment cheques at any of the ICICI Bank Branches, ATM Centres or at the Cheque Drop Boxes conveniently located across your city.
Cash can also be deposited at any of the bank branches.
Late Payment Charges
In case payment is not made by the due date, a late payment fee of 15% of the Minimum Amount Due, subject to a minimum Rs.150 and a Maximum of Rs.500 will be levied.
Service Charges
Our car loan interest charges differ according to the car model, the tenure of the loan, the customer and his location. For the  HYPERLINK "file:///E:\\Pfsuser\\loans\\carloans\\aleligibility.htm" \l "carod" Car Overdraft scheme, interest is charged only on the amount drawn and for the period that it is utilized for.
Car LoansCar OD Loan Processing Fees Charges / Renewal Charges New Car- Loan Slabs* Processing fees Upto 250,000              1450/- 250,001 – 499,999       1950/- 500,000 and above       2750/- * Gross Loan amount Used Car-0.50% on gross loan amoun or Rs.1250/- whichever is higher Origination charges not to exceed .1% of the loan amountRs 1750/- Stamp Duty Actuals N.A.Prepayment Charges5% on the principal outstanding N.A. Solvency CertificateN.A.N.A.Charges for late payment (loans)2% per month Rs. 500/-Charges for changing from fixed to floating rates of interest N.A.N.A.Charges for changing from floating to fixed rates of interestN.A.N.A.Cheque Swap ChargesRs. 550/-N.A.Document Retrieval ChargesN.A. N.A.Cheque bounce chargesRs. 200/- N.A.
Note :
Origination Charges are included in the Advance installments/ First installment.
Service Tax and other govt. taxes, levies, etc. applicable as per prevailing rate may be charged over and above these charges at the discretion of ICICI Bank.

Two Wheeler Loan –
ICICI Bank  HYPERLINK "file:///E:\\Pfsuser\\loans\\twowheeler\\twhomepage.htm" Two Wheeler Loans avail attractive schemes at competitive interest rates for two wheeler loans in the country . Bank offers flexible schemes & quick processing of your loans. We also have a hassle-free  HYPERLINK "file:///E:\\Pfsuser\\loans\\twowheeler\\twapplicationprocess.htm" application process. It offer a  HYPERLINK "file:///E:\\Pfsuser\\loans\\twowheeler\\tweligibility.htm" finance facility up to 90% of the On Road Cost of the vehicle, repayable in convenient repayment options and comfortable tenures from 6 months to 36 months.  HYPERLINK "file:///E:\\Pfsuser\\loans\\twowheeler\\tweligibility.htm" Two Wheeler Finance facility is available in a wide range of options to suit your requirements.

They provide finance for all models of motorcylces, mopeds, scooterettes and scooters of Hero Honda, Bajaj, Suzuki, Yamaha, Kinetic Honda & Royal Enfield. Existing ICICI Bank Customers can simply ride away on their favourite  HYPERLINK "file:///E:\\Pfsuser\\loans\\twowheeler\\twhomepage.htm" Two wheeler by availing  HYPERLINK "file:///E:\\Pfsuser\\loans\\twowheeler\\twapplicationprocess.htm" Loan On Phone - a facility to get an instant loan over the phone.

Benifits
Finance facility available for all two wheelers ranging from mopeds to motor bikes.
Now avail Finance upto 90% of the On Road Cost of the vehicle, repayable in convenient tenure options ranging from 6 months to 36 months.
Ride Easy Pay Easy with ICICI Bank Two Wheeler Loans.
Existing ICICI Bank Customers ride away on your favourite Two Wheeler by availing Loan On Phone - a facility to get an instant loan over the phone.

Application Process
ICICI Bank, for the finance of  HYPERLINK "file:///E:\\Pfsuser\\loans\\twowheeler\\twhomepage.htm" two wheelers in India, ensures that the application process to be extremely easy for our customers. Ways to apply for loan :
Apply Online
Call through the ICICI Bank Customer Care Number
Contact their representative at the local dealer
Or walk into any of their branches and contact the representatives.

Eligibility Terms
The eligibility criterion is given below for the respective finance options as per your occupation. The norms for availing of our  HYPERLINK "file:///E:\\Pfsuser\\loans\\homeloans\\hlhomepage.htm" Two Wheeler Loans are easy and simple to follow. ICICI Bank Two Wheeler Loans are available to :
1. Salaried Individuals
2. Self Employed Individuals
3. Pensioners, Housewives & Students
4. Partnership Entities
5. Private Limited Companies
6. Public Limited Companies
EligibilitySalariedSelf EmployedMinimum Age21 yr.21 yr.Maximum Age*60 yr.65 yr.IncomeFor Loan amount less than equal to Rs. 60000
A category cities - (Mumbai, Delhi, Calcutta, Hyderabad, Chennai and Bangalore)
Minimum gross salary of Rs.5000/- per month for funding amount