ManagementParadise.com : Worlds Leading Management Portal. MBA | Classroom, Boardroom and Beyond


Go Back   ManagementParadise.com Forums - Your MBA Online Degree Program and Management Students Forum for MBA,BMS, MMS, BMM, BBA, students & aspirants. > Projects HUB for Management Students ( MBA Projects and dissertations / BMS Projects / BBA Projects > Resolve Your Query - Get Help and discuss Projects > Financial Management ( FM )

INTRODUCTION TO ICICI BANK

INTRODUCTION TO ICICI BANK

Discuss INTRODUCTION TO ICICI BANK within the Financial Management ( FM ) forums, part of the Resolve Your Query - Get Help and discuss Projects category; INTRODUCTION TO ICICI BANK ICICI Bank is India's second-largest bank with total assets of about Rs.1,67,659 crore at March 31, ...

Reply

 

LinkBack Thread Tools Display Modes
Advertisements
INTRODUCTION TO ICICI BANK
Old
 (1 (permalink))
Sunanda K. Chavan
sunandaC has a spectacular aura aboutsunandaC has a spectacular aura aboutsunandaC has a spectacular aura about
 
sunandaC
Management Paradise Guru
 
Status: Offline
Posts: 6,685
Join Date: Jul 2010
INTRODUCTION TO ICICI BANK - October 12th, 2010

INTRODUCTION TO ICICI BANK


ICICI Bank is India's second-largest bank with total assets of about Rs.1,67,659 crore at March 31, 2005 and profit after tax of Rs. 2,005 crore for the year ended March 31, 2005 (Rs. 1,637 crore in fiscal 2004). ICICI Bank has a network of about 560 branches and extension counters and over 1,900 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, Bangladesh and South Africa.

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).
As required by the stock exchanges, ICICI Bank has formulated a Code of Business Conduct and Ethics for its directors and employees.

At April 4, 2005, ICICI Bank, with free float market capitalization of about Rs. 308.00 billion (US$ 7.00 billion) 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.
Advertisements
Friends: (0)
Reply With Quote
Related to INTRODUCTION TO ICICI BANK
 

Similar Threads

Thread Thread Starter Forum Replies Last Post
M&A research report OF ICICI ltd and ICICi Bank Errol Pereira Miscellaneous Projects 29 April 10th, 2011 07:57 PM
ICICI bank Shah Shailesh Marketing Research 10 May 31st, 2010 11:37 AM
Top Bpo openings & Bank collection jobs at ICICI BANK, in Delhi, NCR Pooja Karan JOB OFFERS , Recruitments , Placements !! 0 March 13th, 2010 12:48 PM
icici bank mitalidutta2009 PUBLISH / UPLOAD PROJECT OR DOWNLOAD REFERENCE PROJECT 0 July 9th, 2009 10:32 PM
 

Reply

Bookmarks

Tags
bank, icici, introduction

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On


Login
Forgot Password?  New User?
  

» Ads





» Recent Threads

Hot Discussions about...
Last post by Murgha Joshi
3 Hours Ago 12:37 PM
0 Replies
5 Top Discussiosn about...
Last post by Murgha Joshi
3 Hours Ago 12:33 PM
0 Replies
Did you Follow...
Last post by Murgha Joshi
3 Hours Ago 12:29 PM
0 Replies
7 Funny Discussions...
Last post by Murgha Joshi
3 Hours Ago 12:21 PM
0 Replies
Are you crazy for...
Last post by Murgha Joshi
3 Hours Ago 12:17 PM
0 Replies
Why #PartyLikeMulay...
Last post by Murgha Joshi
3 Hours Ago 12:14 PM
0 Replies
Everyone is talking...
Last post by Murgha Joshi
3 Hours Ago 12:09 PM
0 Replies
Do you know why...
Last post by Murgha Joshi
3 Hours Ago 12:05 PM
0 Replies
7 Discussions about...
Last post by Murgha Joshi
3 Hours Ago 12:02 PM
0 Replies
Today's Top Discussions...
Last post by Murgha Joshi
3 Hours Ago 11:58 AM
0 Replies
Solution manual on... ( 1 2)
Last post by Syed Nadzuan
18 Hours Ago 09:50 PM
18 Replies
Motivational Video -...
Last post by Bhautik Kawa
20 Hours Ago 07:19 PM
0 Replies
Did you Follow...
Last post by Murgha Joshi
1 Day Ago 01:13 PM
0 Replies
Do you know why...
Last post by Murgha Joshi
1 Day Ago 01:10 PM
0 Replies
9 Funny Discussions...
Last post by Murgha Joshi
1 Day Ago 01:05 PM
0 Replies

» Projects Helpline

need books Operation...
Last post by Jade Allen
5 Days Ago 01:02 PM
ManagementParadise.com is not responsible for the views and opinion of the posters. The posters and only posters shall be liable for any copyright infringement.


Management Paradise
About Us
Press
Jobs
Contact Us
Kartik Raichura
Legal
Terms & Conditions
Privacy Policy
Disclaimer
Copyrights
Help
Zeitgeist
Support
FAQs
Tour
Feedback
Partners
Follow
Copyright © 2004 - 2013 Management Paradise. Site Developed by Available.co.in