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ICICI Bank

Business Overview

•  Founded in 1955 at the initiative of the World Bank, the Government of India

and representatives of Indian industry with principal objective of creation of a

development financial institution for providing medium-term and long-term

 project financing to Indian businesses.

•  In January 2002, 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.

• 

Set up its international banking group (IBG) in fiscal 2002. ICICI Bank has

 presence in 10 countries around the world including USA, UK, Canada,

Russia, UAE and Singapore.

• 

Profit After Tax of INR 20,050 mn for the year ending 31st March 2005. This is

an increase of 22.7 % over PAT for year 2003-2004.• 

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).

• 

ICICI Bank has 5 international and 9 domestic subsidiary companies including

ICICI Securities Ltd, ICICI Home Finance Company Ltd, ICICI Investment

Management Company Ltd, ICICI Brokerage Service Ltd, ICICI Bank UK

Ltd, ICICI Canada Ltd, ICICI Securities Inc.

Key Points and Differentiators•  Awarded “Bank of the Year”  for the year 2004 - 2005 by Outlook,

Euromoney and Finance Asia

• 

Second Largest bank in India with an asset base of 167,700 crore at March 31,

2005

• 

The free float of ICICI Bank, as on 4th April 2005, stood at USD 7.00 billion,

the third largest in the country 

•  Largest provider of retail finance in the country

•  First Asian bank, outside Japan to be listed on NYSE

Internship History

• 

Have recruited in the past for all the functions including Treasure, Market

Research, Small and Medium Industries Group, Operations and International

Business 

•  The company did not offer any PPOs in 2003-2004. No PPOs have been

offered yet for the current batch 

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Business Description

The organizational structure is divided into four principal groups: Retail Banking,

Wholesale Banking, International Banking and Corporate Banking.

Retail Banking Group (RBG):  The retail banking group is responsible for all the

 products and services for retail customers and small and medium scale enterprises,including various credit products, liability products (including bank’s own products

as well as distribution of bank’s third party liability products) and transaction banking

services.

ICICI Bank entered retail banking in 1998 and currently it is the largest provider of

retail credit in India. The retail portfolio stands at INR 561 billion with more than 13

million retail customer accounts being serviced by 470 branches and 1900 ATMs.

Wholesale Banking Group (WBG): The wholesale banking group is responsible for

 products and services for corporate clients, including credit and treasure products, project finance, structured finance and transaction banking services. The group is also

responsible for the bank’s securitization activities. The Rural, Micro-Banking and

Agri-business group (RMAG) forms part of WBG.

International Business Group (IBG): The international business group is

responsible for all the international operations of the bank, including operations in

various overseas markets and products and serviced for Non Resident Indians (NRI)

and the bank’s international trade finance and corresponding relationships. The bank

has established strong relationship with NRI community and currently services

400,000 NRI accounts

Corporate Banking (CB): The corporate banking comprises all shared services and

all corporate functions, including finance and balance sheet management, secretarial,

investor relations, risk management, legal, human resource and corporate branding

and communications. A separate team within corporate center is responsible for the

 bank’s proprietary trading activities.

In addition to the above, there are some specialized groups like Technology

Management Group, responsible for organization wide technology initiatives,Organizational Excellence Group which is responsible for quality initiatives and

Social Initiatives Group which takes care of bank’s community development

initiatives.