Commercial Banks in IndiaCommercial Banks in India are broadly categorized into Scheduled Commercial Banks and Unscheduled Commercial Banks. The Scheduled Commercial Banks have been listed under the Second Schedule of the Reserve Bank of India Act, 1934. The selection measure for listing a bank under the Second Schedule was provided in section 42 (60 of the Reserve Bank of India Act, 1934.

Activities of Commercial Banks

The modern Commercial Banks in India cater to the financial needs of different sectors. The main functions of the commercial banks comprise:

transfer of funds acceptance of deposits offering those deposits as loans for the establishment of industries purchase of houses, equipments, capital investment purposes etc. The banks are allowed to act as trustees. On account of the knowledge of the financial market

of India the financial companies are attracted towards them to act as trustees to take the responsibility of the security for the financial instrument like a debenture.

The Indian Government presently hires the commercial banks for various purposes like tax collection and refunds, payment of pensions etc.

List of Commercial Banks in India

SBI & Associates:

State Bank of India State Bank of Bikaner & Jaipur State Bank of Hyderabad State Bank of Indore State Bank of Mysore State Bank of Patiala State Bank of Travancore

Nationalised Banks:

Allahabad Bank Andhra Bank Bank of Baroda Bank of India Bank of Maharashtra Canara Bank Central Bank of India Corporation Bank Dena Bank IDBI Bank Ltd. Indian Bank Indian Overseas Bank Oriental Bank of Commerce Punjab & Sind Bank Punjab National Bank Syndicate Bank UCO Bank Union Bank of India United Bank of India Vijaya Bank

Foreign Banks:

ABN Amro Bank Abu Dhabi Commercial Bank American Express Banking Corporation Antwerp Diamond Bank AB Bank Bank International Indonesia Bank of America Bank of Bahrain & Kuwait Bank of Ceylon Bank of Nova Scotia Bank of Tokyo Mitsubishi UFJ Barclays Bank BNP Paribas Calyon Bank Chinatrust Commercial Bank Citibank DBS Bank Deutsche Bank Hongkong & Shanghai Banking Corporation JP Morgan Chase Bank JSC VTB Bank Krung Thai Bank Mashreq Bank Mizuho Corporate Bank Oman International Bank Shinhan Bank Societe Generale Sonali Bank Standard Chartered Bank State Bank of Mauritius UBS AG

Other Scheduled Commercial Banks: Axis Bank Bank of Rajasthan Catholic Syrian Bank City Union Bank Development Credit Bank Dhanalakshmi Bank Federal Bank HDFC Bank ICICI Bank IndusInd Bank ING Vysya Bank Jammu & Kashmir Bank Karnataka Bank Karur Vysya Bank Kotak Mahindra Bank Lakshmi Vilas Bank Nainital Bank Ratnakar Bank SBI Commercial & International Bank South Indian Bank Tamilnad Mercantile Bank Yes Bank

The commercial banking structure in India consists of:

Scheduled Commercial Banks in India

Unscheduled Banks in India

Scheduled Banks in India constitute those banks which have been included in the Second Schedule of Reserve Bank of India(RBI) Act, 1934. RBI in turn includes only those banks in this schedule which satisfy the criteria laid down vide section 42 (6) (a) of the Act.

As on 30th June, 1999, there were 300 scheduled banks in India having a total network of 64,918 branches.The scheduled commercial   banks  in India comprise of State bank of India and its associates (8), nationalised banks (19), foreign banks (45), private sector banks (32), co-operative banks and regional rural banks. 

"Scheduled banks in India" means the State Bank of India constituted under the State Bank of India Act, 1955 (23 of 1955), a subsidiary bank as defined in the State   Bank  of India (Subsidiary Banks) Act, 1959 (38 of 1959), a corresponding new bank constituted under section 3 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970), or under section 3 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 (40 of 1980), or any other bank being a bank included in the Second Schedule to the Reserve Bank of India Act, 1934 (2 of 1934), but does not include a co-operative bank". 

"Non-scheduled bank in India" means a banking company as defined in clause (c) of section 5 of the BankingRegulation Act, 1949 (10 of 1949), which is not a scheduled bank". 

The following are the Scheduled Banks   in   India  (Private Sector): ICICI BankFrom Wikipedia, the free encyclopedia

This article has been nominated to be checked for its neutrality. Discussion of this nomination can be found on the talk page. (February 2010)

ICICI Bank

Type Public(BSE: 532174, NYSE: IBN)

Industry Banking

Financial services

Founded 1955

Headquarters Mumbai, Maharashtra, India

Key people K.V. Kamath

(Chairman)

Chanda Kochhar

(MD & CEO)

N. S. Kannan

(CFO)

Products Investment Banking

Commercial Banking

Retail Banking

Private Banking

Asset Management

Mortgages

Credit Cards

Revenue ▲   59,599.77 crore (US$ 12.93 billion)(2009)[1]

Operating income ▲   6,578.64 crore (US$ 1.43 billion)(2010)[1]

Profit ▲   4,843.41 crore (US$ 1.05 billion)(2010)[1]

Total assets ▲ US$ 100.10 billion (2010)[2]

Employees 35,000+ (2009)

Website ICICIBank.com

ICICI Bank (BSE: 532174, NYSE: IBN) (formerly Industrial Credit and Investment Corporation of

India) is a major banking and financial services organization in India. It is the second largest bank in

India [3] and the largest private sector bank in India by market capitalization. The bank also has a

network of 2,016 branches (as on 31 March 2010) and about 5,219 ATMs in India and presence in 18

countries,[2] as well as some 24 million customers (at the end of July 2007). ICICI Bank offers a wide

range of banking products and financial services to corporate and retail customers through a variety of

delivery channels and specialization subsidiaries and affiliates in the areas of investment banking, life

and non-life insurance, venture capital and asset management. (These data are dynamic.) ICICI Bank

is also the largest issuer of credit cards in India.[4] ICICI Bank's shares are listed on the stock

exchanges at BSE, NSE, Kolkata and Vadodara  ; its ADRs trade on the New York Stock

Exchange (NYSE).

The Bank is expanding in overseas markets and has the largest international balance sheet among

Indian banks. ICICI Bank now has wholly-owned subsidiaries, branches and representatives offices in

19 countries, including an offshore unit in Mumbai. This includes wholly owned subsidiaries in Canada,

Russia and the UK (the subsidiary through which the HiSAVE savings brand[5] is operated), offshore

banking units in Bahrain and Singapore, an advisory branch in Dubai, branches in Belgium, Hong

Kong and Sri Lanka, and representative offices in Bangladesh, China, Malaysia, Indonesia, South

Africa, Thailand, the United Arab Emirates and USA. Overseas, the Bank is targeting the NRI (Non-

Resident Indian) population in particular.

ICICI reported a 1.15% rise in net profit to Rs. 1,014.21 crore on a 1.29% increase in total income to

Rs. 9,712.31 crore in Q2 September 2008 over Q2 September 2007. The bank'sCASA ratio increased

to 30% in 2008 from 25% in 2007.[6][7]

ICICI Bank is one of the Big Four Banks of India, along with State Bank of India, Axis Bankand HDFC

Bank — its main competitors.[8]

Contents

 [hide]

1   History

2   Controversy

3   See also

4   References

5   External links

[edit]History

ICICI Bank HQ at BKC Mumbai

In 1955, The Industrial Credit and Investment Corporation of India Limited (ICICI) was incorporated at

the initiative of World Bank, the Government of India and representatives of Indian industry, with the

objective of creating a development financial institution for providing medium-term and long-term

project financing to Indian businesses. In 1994, ICICI established Banking Corporation as a banking

subsidiary. Formerly known as Industrial Credit and Investment Corporation of India, ICICI Banking

Corporation was later renamed as 'ICICI Bank Limited'. ICICI founded a separate legal entity, ICICI

Bank, to undertake normal banking operations - taking deposits, credit cards, car loans etc. In 2001,

ICICI acquired Bank of Madura (est. 1943). Bank of Madura was a Chettiar bank, and had

acquired Chettinad Mercantile Bank (est. 1933) and Illanji Bank (established 1904) in the 1960s. In

2002, The Boards of Directors of ICICI and ICICI Bank approved the reverse merger of ICICI, ICICI

Personal Financial Services Limited and ICICI Capital Services Limited, into ICICI Bank. After

receiving all necessary regulatory approvals, ICICI integrated the group's financing and banking

operations, both wholesale and retail, into a single entity. At the same time, ICICI started its

international expansion by opening representative offices in New York and London. In India, ICICI

Bank bought the Shimla and Darjeeling branches that Standard Chartered Bankhad inherited when it

acquired Grindlays Bank.

In 2003, ICICI opened subsidiaries in Canada and the United Kingdom (UK), and in the UK it

established an alliance with Lloyds TSB. It also opened an Offshore Banking Unit (OBU) in Singapore

and representative offices in Dubai and Shanghai. In 2004, ICICI opened a representative office in

Bangladesh to tap the extensive trade between that country, India and South Africa. In 2005, ICICI

acquired Investitsionno-Kreditny Bank (IKB), a Russia bank with about US$4mn in assets, head office

in Balabanovo in the Kaluga region, and with a branch in Moscow. ICICI renamed the bank ICICI Bank

Eurasia. Also, ICICI established a branch in Dubai International Financial Centre and in Hong Kong. In

2006, ICICI Bank UK opened a branch in Antwerp, in Belgium. ICICI opened representative offices

in Bangkok, Jakarta, and Kuala Lumpur. In 2007, ICICI amalgamated Sangli Bank, which was

headquartered in Sangli, in Maharashtra State, and which had 158 branches in Maharashtra and

another 31 in Karnataka State. Sangli Bank had been founded in 1916 and was particularly strong in

rural areas. With respect to the international sphere, ICICI also received permission from the

government of Qatar to open a branch in Doha. Also, ICICI Bank Eurasia opened a second branch,

this time in St. Petersburg. In 2008, The US Federal Reserve permitted ICICI to convert its

representative office in New Yorkinto a branch. ICICI also established a branch in Frankfurt. In 2009,

ICICI made huge changes in its organisation like elimination of loss making department and

restreching outsourced staff or renegotiate their charges in consequent to the recession. In addition to

this, ICICI adopted a massive approach aims for cost control and cost cutting. In consequent of it,

compesation to staff was not increased and no bonus declared for 2008-09.

On 23 May ICICI Bank announced merger with Bank of Rajasthan with it through share-swap in a non-

cash deal that values the Bank of Rajasthan at about Rs 3,000 crore. Each 118 shares of Bank of

Rajasthan will be converted into 25 shares of ICICI. It is said that this merger will also expand ICICI

Bank's branch network by 25%.[9][10][11]

[edit]Controversy

ICICI Bank has been in focus in recent years because of alleged harassment of customers by its

recovery agents. Listed below are some of the related news links:

ICICI Bank was fined Rs. 55 lakh for hiring goons (known coloquially as "goondas") to recover

a loan. Recovery agents had ,allegedly, forcibly dragged out a youth (who was not even the

borrower) from the car, beaten him up with iron rods and left him bleeding as they drove away with

the vehicle. "We hold ICICI Bank guilty of the grossest kind of deficiency in service and unfair

trade practice for breach of terms of contract of hire-purchase/loan agreement by seizing the

vehicle illegally,""No civilised society governed by the rule of law can brook such kind of conduct"

said Justice Kaleem, who was born in Laddhawala, Muzaffarnagar is the president of the

consumer commission.[12][13][14][15][16][17][18][19]

Four ICICI loan employees arrested on theft charges in Punjab [20]

ICICI Bank told to pay Rs. 1 lakh as compensation for using unlawful recovery methods.[21]

RBI warns ICICI Bank for coercive methods to recover loans[22]

ICICI Bank drives customer to suicide - Four men including an employee of ICICI Bank

booked under sections 452, 306, 506 (II) and 34 of IPC for abetting suicide.[23] According to the

suicide note they advised him, "If you cannot repay the bank loan, sell off your wife, your kids,

yourself, sell everything at your home. Even then if you cannot not pay back the due amount, then

it's better if you commit suicide."[24] India biggest private bank has compensated the life by

money [25]

ICICI Bank on huge car recovery scam in Goa - ICICI Bank invest in car-jackers to recover

loans in Goa. A half an hour investigative report on CNN-IBN's 30 Minutes. The under cover report

was executed by CNN-IBN's Special Investigations Team from Mumbai, led by Ruksh Chatterji [26]

Family of Y. Yadaiah alleged that he was beaten to death by ICICI Bank’s recovery agents, for

failing to pay the dues. Four persons were arrested in this case.[27]

A father while talking to Times of India, alleged that "ICICI Bank recovery agents visited his

house and threatened his family. And his son Nikhil consumed poison because of the tension".[28]

Oppressed by ICICI Bank's loan recovery agents, Shakuntala Joshi (38), committed suicide

by hanging. The suicide note stated that she was upset with the ill-treatment meted out by ICICI

Bank's recovery agents and had thus decided to end her life.[29]

In another case of a suicide it is alleged that ‘goondas’ sent by ICICI Bank abused Himanshu

and his wife in front of the entire residential colony before taking away his vehicle. Feeling

frustrated and insulted, he reportedly committed suicide.[30]

C.L.N Murthy, a scientist with the Hyderabad-based Indian Institute of Chemical Technology,

was allegedly tortured by recovery agents of ICICI Bank after he defaulted on his loan.“They

humiliated me no end. They ripped my shirt, shaved my moustache, cut my hair and gave electric

shocks on my chest and even spat on my face" adds Murthy.[31]

A dozen recovery agents of ICICI Bank, riding on bikes, allegedly forced a prominent lawyer,

Someshwari Prasad, to stop his car. They held Prasad at gunpoint and also slapped him to force

him. A manager of the ICICI Bank branch, Rakesh Mehta, along with four other employees were

arrested.[32]

In a landmark case, Allahabad High Court had ordered registration of an FIR against ICICI

Bank's branch manager, President, Chairman and Managing Director on a complaint of 75-year-

old widow Prakash Kaur. She had complained that “goondas” were sent by the bank to harass her

and forcibly took away her truck.[33] When the Supreme Court wanted to know about the procedure

adopted by the Bank, ICICI Bank counsel said notice would be sent to a defaulter asking him

either to pay the instalments or hand over the vehicle purchased on loan, failing which the agents

would be asked to seize it. When the Bench pointed out that recovery or seizure could be done

only legally, ICICI Bank counsel said, "If we have to go through the legal process it would be

difficult to recover the instalments as there are millions of defaulters".[34]

Taking strong exception to ICICI Bank's use of 'goondas' against a defaulter, the president of

Consumer Disputes Redressal Forum said, "The fact leaves us aghast at the manner of

functioning and goondaism in which the bank is involved for a petty amount of Rs 1,889... such

attitude is deplorable and sends chills down the spine....The bank had the option to recover dues

through legal means. They have no legal right to snatch the vehicle in such a manner which

amounts to robbery,". In this case recovery agents pointed a pistol at a defaulter when he tried to

resist. ICICI bank argued that they had taken peaceful possession of the vehicle "after due

intimation to the complainant as he was irregular in remitting the monthly instalments". But the

court found out that the records proved otherwise.[35]

Two senior ICICI Bank officials were booked for abducting one Vikas Porwal from his house

and keeping him hostage in the Bank's premises.[36]

The credit card division of the ICICI Bank allegedly threatened a senior citizen in Chandigarh

with a fictitious arrest warrant on account of a default that never was.[37]

A Consumer Commission has asked ICICI Bank MD K V Kamath to appear before it in

respect a complaint. A borrower on protesting against the forceful dispossession of his car, as

seen in the post-incident photographs, was roughed up and sustained injuries.[38]

An 18-year-old boy was allegedly kidnapped and detained at the Pune branch of ICICI Bank.

[39]

There have been several other minor legal cases accusing harassment by ICICI Bank [40][41][42]

[43][44]

A consumer court imposed a joint penalty of Rs. 25 lakh on ICICI Bank and American Express

Bank for making unsolicited calls

Merger With ICICI Bank

BOR has been merged with ICICI Bank. ICICI paid Rs.3000 Crores for it. Each 118 shares of

BOR will be converted into 25 shares of ICICI Bank.[3][4][5]

ICICI PrudentialFrom Wikipedia, the free encyclopedia

ICICI Prudential

Type Private limited company

Industry Insurance

Headquarters Mumbai

Key people Nimesh Shah, Managing Director[1]

Products Individual and Group Insurance Plans

Website Official Website

ICICI Prudential is a joint venture between ICICI Bank and Prudential plc engaged in the business of

life insurance in India based in Mumbai.[2] ICICI Prudential is the largest private insurance company

and second largest insurance in India after LIC. ICICI Prudential Life Insurance Company is a joint

venture between ICICI Bank, a premier financial powerhouse, and Prudential plc, a leading

international financial services group headquartered in the United Kingdom. ICICI Prudential was

amongst the first private sector insurance companies to begin operations in December 2000 after

receiving approval from Insurance Regulatory Development Authority (IRDA).ICICI Prudential Life's

capital stands at Rs. 37.72 billion (as on March, 2008) with ICICI Bank and Prudential plc holding 74%

and 26% stake respectively. For the year ended March 31, 2008, the company garnered Retail New

Business Weighted premium of Rs. 6,684 crores, registering a growth of 68% over the last year and

has underwritten nearly 3 million retail policies during the period. The company has assets held over

Rs. 30,000 crore as on April 30, 2008.ICICI Prudential Life is also the only private life insurer in India to

receive a National Insurer Financial Strength rating of AAA (Ind) from Fitch ratings. The AAA (Ind)

rating is the highest rating, and is a clear assurance of ICICI Prudential's ability to meet its obligations

to customers at the time of maturity or claims.For the past seven years, ICICI Prudential Life has

retained its leadership position in the life insurance industry with a wide range of flexible products that

meet the needs of the Indian customer at every step in life.

ICICI Prudential website [1]

Since the liberalization of Indian Insurance sector, ICICI Prudential Life Insurance has been one of the

earliest private players. Since the time, ICICI Pru Life has been the leader in terms of market share as

indicated by the IRDA (Insurance Regulatory and Development Authority, the regulator for Indian

Insurance Industry) at its website.

Arguably the most innovative Indian Life insurer in terms of customer services and products, ICICI

Prudential has one of the largest distribution and servicing network with over 2,000 proprietary offices

& customer touch points across India. The 30,000 employee strong organization has one of the largest

agency distribution in the industry.

With a growing product range to match the complex needs of the demanding customers in a growing

economy, the organization also has a history of successful.

During 2007-08, the organization's focus on rural business has proved its complex project execution

capability and strong partnerships for customer servicing.

In June, 2009 ICICI Prudential Life Insurance has decided to snap its tie up with TTK Healthcare to

settle insurance claims of its users.[3]

History of ICICI

1955 :

The Industrial Credit and Investment Corporation of India Limited (ICICI) incorporated at the initiative of the World Bank, the Government of India and representatives of Indian industry, with the objective of creating a development financial institution for providing medium-term and long-term project financing to Indian businesses. Mr.A.Ramaswami Mudaliar elected as the first Chairman of ICICI Limited.

: ICICI emerges as the major source of foreign currency loans to Indian industry. Besides funding from the World Bank and other multi-lateral agencies, ICICI was also among the first Indian companies to raise funds from international markets.

1956 : ICICI declared its first dividend of 3.5%.

1958 : Mr.G.L.Mehta appointed the second Chairman of ICICI Ltd.

1960 : ICICI building at 163, Backbay Reclamation, inaugurated.

1961 : The first West German loan of DM 5 million from Kredianstalt obtained.

1967 : ICICI made its first debenture issue for Rs.6 crore, which was oversubscribed.

1969 : The first two regional offices in Calcutta and Madras set up.

1972 : The second entity in India to set up merchant banking services.

: Mr. H. T. Parekh appointed the third Chairman of ICICI.

1977 : ICICI sponsored the formation of Housing Development Finance Corporation. Managed its first equity public issue

1978 : Mr. James Raj appointed the fourth Chairman of ICICI.

1979 : Mr.Siddharth Mehta appointed the fifth Chairman of ICICI.

1982 : 1982 : ICICI became the first ever Indian borrower to raise European Currency Units.

: ICICI commences leasing business.

1984 : Mr. S. Nadkarni appointed the sixth Chairman of ICICI.

1985 : Mr. N.Vaghul appointed the seventh Chairman and Managing Director of ICICI.

1986 : ICICI became the first Indian institution to receive ADB Loans.

: ICICI, along with UTI, set up Credit Rating Information Services of India Limited, India's first professional credit rating agency.

: ICICI promotes Shipping Credit and Investment Company of India Limited.

: The Corporation made a public issue of Swiss Franc 75 million in Switzerland, the first public issue by any Indian entity in the Swiss Capital Market.

1987 : ICICI signed a loan agreement for Sterling Pound 10 million with Commonwealth Development Corporation (CDC), the first loan by CDC for financing projects in India.

1988 : Promoted TDICI - India's first venture capital company.

1993 : ICICI Securities and Finance Company Limited in joint venture

with J. P. Morgan set up.

: ICICI Asset Management Company set up.

1994 : ICICI Bank set up.

1996 : ICICI Ltd became the first company in the Indian financial sector to raise GDR.

: SCICI merged with ICICI Ltd.

: Mr. K.V.Kamath appointed the Managing Director and CEO of ICICI Ltd

1997 : ICICI Ltd was the first intermediary to move away from single prime rate to three-tier prime rates structure and introduced yield-curve based pricing.

: The name The Industrial Credit and Investment Corporation of India Ltd changed to ICICI Ltd.

: ICICI Ltd announced the takeover of ITC Classic Finance.

1998 : Introduced the new logo symbolizing a common corporate identity for the ICICI Group.

: ICICI announced takeover of Anagram Finance.

1999 : ICICI launched retail finance - car loans, house loans and loans for consumer durables.

: ICICI becomes the first Indian Company to list on the NYSE through an issue of American Depositary Shares.

2000 : ICICI Bank became the first commercial bank from India to list its stock on NYSE.

: ICICI Bank announces merger with Bank of Madura.

2001 : The Boards of ICICI Ltd and ICICI Bank approved the merger of ICICI with ICICI Bank.

2002 : ICICI Ltd merged with ICICI Bank Ltd to create India’s secondlargest bank in terms of assets.

: ICICI assigned higher than sovereign rating by Moody’s.

: ICICI Bank launched India’s first CDO (Collateralised Debt Obligation) Fund named Indian Corporate Collateralised Debt Obligation Fund (ICCDO Fund).

: "E Lobby", a self-service banking centre inaugurated in Pune. It was the first of its kind in India.

: ICICI Bank launched Private Banking.

: 1100-seat Call Centre set up in Hyderabad

: ICICI Bank Home Shoppe, the first-ever permanent aggregation and display of housing projects in the county, launched in Pune,

: ATM-on-Wheels, India’s first mobile ATM, launched in Mumbai.

2003 : The first Integrated Currency Management Centre launched in Pune.

: ICICI Bank announced the setting up of its first ever offshore branch in Singapore.

: The first offshore banking unit (OBU) at Seepz Special Economic Zone, Mumbai, launched.

: ICICI Bank’s representative office inaugurated in Dubai.

: Representative office set up in China. : ICICI Bank’s UK subsidiary launched.

: India’s first ever "Visa Mini Credit Card", a 43% smaller credit card in dimensions launched.

: ICICI Bank subsidiary set up in Canada.

: Temasek Holdings acquired 5.2% stake in ICICI Bank.

: ICICI Bank became the market leader in retail credit in India.

2004 : Max Money, a home loan product that offers the dual benefit of higher eligibility and affordability to a customer, introduced.

: Mobile banking service in India launched in association with Reliance Infocomm.

: India’s first multi-branded credit card with HPCL and Airtel launched.

: Kisan Loan Card and innovative, low-cost ATMs in rural India launched.

: ICICI Bank and CNBC TV 18 announced India’s first ever awards recognizing the achievements of SMEs, a pioneering initiative to encourage the contribution of Small and Medium Enterprises to the growth of Indian economy.

: ICICI Bank opened its 500th branch in India.

: ICICI Bank introduced partnership model wherein ICICI Bank would forge an alliance with existing micro finance institutions (MFIs). The MFI would undertake the promotional role of identifying, training and promoting the micro-finance clients and ICICI Bank would finance the clients directly on the recommendation of the MFI.

: ICICI Bank introduced 8-8 Banking wherein all the branches of the Bank would remain open from 8a.m. to 8 p.m. from Monday to Saturday.

: ICICI Bank introduced the concept of floating rate for home loans in India.

2005 : First rural branch and ATM launched in Uttar Pradesh at Delpandarwa, Hardoi.

: "Free for Life" credit cards launched wherein annual fees of all ICICI Bank Credit Cards were waived off.

: ICICI Bank and Visa jointly launched mChq – a revolutionary credit card on the mobile phone.

: Private Banking Masters 2005, a nationwide Golf tournament for high networth clients of the private banking division launched. This event is the largest domestic invitation amateur golf event conducted in India.

: First Indian company to make a simultaneous equity offering of $1.8 billion in India, the United States and Japan.

: Acquired IvestitsionnoKreditny Bank of Russia.

: ICICI Bank became the largest bank in India in terms of its market capitalization.

: ICICI Bank became the first private entity in India to offer a discount to retail investors for its follow-up offer.

2006 : ICICI Bank became the first Indian bank to issue hybrid Tier-1 perpetual debt in the international markets.

: ICICI Bank subsidiary set up in Russia.

: Introduced a new product - ‘NRI smart save Deposits’ – a unique fixed deposit scheme for nonresident Indians.

: Representative offices opened in Thailand, Indonesia and Malaysia.

: ICICI Bank became the largest retail player in the market to introduce a biometric enabled smart card that allow banking transactions to be conducted on the field. A low-cost solution, this became an effective delivery option for ICICI Bank’s micro finance institution partners.

: Financial counseling centre Disha launched. Disha provides free credit counseling, financial planning and debt management services.

: Bhoomi puja conducted for a regional hub in Hyderabad, Andhra Pradesh.

2007 : ICICI Bank‘s USD 2 billion 3-tranche international bond offering was the largest bond offering by an Indian bank.

: Sangli Bank amalgamated with ICICI Bank.

: ICICI Bank raised Rs 20,000 crore (approx $5 billion) from both domestic and international markets through a follow-on public offer.

: ICICI Bank’s GBP 350 million international bond offering marked the inaugural deal in the sterling market from an Indian issuer and also the largest deal in the sterling market from Asia.

: Launched India’s first ever jewellery card in association with jewelry major Gitanjali Group.

: ICICI Bank became the first bank in India to launch a premium credit card -- The Visa Signature Credit Card.

: Foundation stone laid for a regional hub in Gandhinagar, Gujarat.

: Introduced SME Toolkit, an online resource centre, to help small and medium enterprises start, finance and grow their business.

: ICICI Bank signed a multi-tranche dual currency US$ 1.5 billion syndication loan agreement in Singapore.

: ICICI Bank became the first private bank in India to offer both floating and fixed rate on car loans, commercial vehicles loans, construction equipment loans and professional equipment loans.

: In a first of its kind, nation wide initiative to attract bright graduate students to pursue a career in banking, ICICI Bank launched the "Probationary Officer Programme".

: Launched Bank@home services for all savings and current a/c customers residing in India

: ICICI Bank Eurasia LLC inaugurated its first branch at St Petersburg, Russia.

2008 : ICICI Bank enters US, launches its first branch in New York

: ICICI Bank enters Germany, opens its first branch in Frankfurt

: ICICI Bank launched iMobile, a breakthrough innovation in banking where practically all internet banking transactions can now be simply done on mobile phones.

: ICICI Bank concluded India's largest ever securitization transaction of a pool of retail loan assets aggregating to Rs.

48.96 billion (equivalent of USD 1.21 billion) in a multi-tranche issue backed by four different asset categories. It is also the largest deal in Asia (ex-Japan) in 2008 till date and the second largest deal in Asia (ex-Japan & Australia) since the beginning of 2007.

: ICICI Bank launches ICICIACTIVE - Banking Interactive Service - along with DISHTV, which will allow viewers to see information about the Bank's products and services and contact details on their DISHTV screens.

: ICICI Bank and British Airways launch co-branded credit card, which is designed to earn accelerated reward points to the card holders with every British Airways flight or by spending on everyday purchases

: ICICI Bank Board appoints Mr K. V. Kamath as non-executive Chairman and Ms Chanda Kochhar as Managing Director & CEO effective May 1, 2009, while the existing non-executive Chairman Mr N Vaghul retires after completing his term on April 30, 2009

2009 : ICICI bank ties up with BSNL Cell One for bill payments, it will facilitate bill payment for BSNL Cell One users throughwww.icicibank.com   across all the 27 circles of BSNL.

: ICICI Bank Limited acting through its Hong Kong Branch (ICICI Bank) signed an agreement on Export Credit Line totaling up to US$100 million with the Japan Bank for International Cooperation (JBIC) which constitutes the international wing of Japan Finance Corporation.

: ICICI Bank Limited acting through its Hong Kong Branch (ICICI Bank) signed a loan agreement with the Export-Import Bank of China (China Exim) for USD 98 million under the Two- step Buyer Credit (Export Credit) arrangement. ICICI Bank is the first Indian Bank to have entered into this arrangement with China Exim

: ICICI Bank with Singapore Airlines launched “ICICI Bank Singapore Airlines Visa Platinum Credit Card”, the Card has exclusive privileges especially designed for the members.

: ICICI Bank announced an association with mChek, India’s leading mobile payment solutions provider, to facilitate mChek services to all ICICI Bank Debit and Credit Card customers. These are electronic cards issued to the customers with mChek application on their mobile phone.

: Ms Chanda Kochhar takes charge as the Managing Director & CEO of ICICI Bank from May 1, 2009

 

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ICICI Bank

ICICI Bank started as a wholly owned subsidiary of ICICI Limited, an Indian financial institution, in 1994. Four years later, when the company offered ICICI Bank's shares to the public, ICICI's shareholding was reduced to 46%. In the year 2000, ICICI Bank offered made an equity offering in the form of ADRs on the New York Stock Exchange (NYSE), thereby becoming the first Indian company and the first bank or financial institution from non-Japan Asia to be listed on the NYSE. In the next year, it acquired the Bank of Madura Limited in an all-stock amalgamation. Later in the year and the next fiscal year, the bank made secondary market sales to institutional investors. 

With a change in the corporate structure and the budding competition in the Indian Banking industry, the management of both ICICI and ICICI Bank were of the opinion that a merger between the two entities would prove to be an essential step. It was in 2001 that the Boards of Directors of ICICI and ICICI Bank sanctioned the amalgamation of ICICI and two of its wholly-owned retail finance subsidiaries, ICICI Personal Financial Services Limited and ICICI Capital Services Limited, with ICICI Bank. In the following year, the merger was approved by its shareholders, the High Court of Gujarat at Ahmedabad as well as the High Court of Judicature at Mumbai and the Reserve Bank of India. 

Present ScenarioICICI Bank has its equity shares listed in India on Bombay Stock Exchange and the National Stock Exchange of India Limited. Overseas, its American Depositary Receipts (ADRs) are listed on the New York Stock Exchange (NYSE). As of December 31, 2008, ICICI is India's second-largest bank, boasting an asset value of Rs. 3,744.10 billion and profit after tax Rs. 30.14 billion, for the nine months, that ended on December 31, 2008. 

Branches & ATMsICICI Bank has a wide network both in Indian and abroad. In India alone, the bank has 1,420 branches and about 4,644 ATMs. Talking about foreign countries, ICICI Bank has made its presence felt in 18 countries - United States, Singapore, Bahrain, Hong Kong, Sri Lanka, Qatar and Dubai International Finance Centre and representative offices in United Arab Emirates, China, South Africa, Bangladesh, Thailand, Malaysia and Indonesia. The Bank proudly holds its subsidiaries in the United Kingdom, Russia and Canada out of which, the UK subsidiary has established branches in Belgium and Germany. 

Products & Services 

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Deposits

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ICICI Bank India falls to a 52-week low and there are rumours all over the world that says that ICICI is going to follow Lehmann Brothers Inc of USA which is filing for bankruptcy. Also Meryl Lynch has been sold out & AIG has been bailed out by Federal reserve which is a very reason India is also feeling the impact and based on this the stock markets are crashing heavily. Yesterday the markets dropped by 4% and reached at 12456 points which is almost half when compared to year back results.

I just logged into my stocks portfolio summary just to find out that my overall gain/loss is around 54.79% down and i have in total around 85000$ in stocks or 38lakh INR and you can easily assume that iam left with less than half of my investments and there is still nothing to worry about because we invest into stocks with an idea to get returns in the long run and should not think about short term profits/losses because there is nothing to really worry. All the markets are closely linked and if you are always trading you would know that if the US markets are effected in any case Indian markets are also impacted with the same.Yesterday all over my city – Hyderabad there were big rumours of ICICI Bank India going bankrupt and fears that everyone would lose their money but thats just wrong because a big financial institution like ICICI would not become bankrupt so easily and moreover Indian banking rules are very strict which would mean that the banking institutions would have many investments and funds locked in multiple places making sure that the customers need not worry about their money. Even if a bank goes bankrupt the depositers always get their money back and in this case this is just a rumour and nothing has been claimed by the bank in terms of losses or low performance. Any company if in bankrupt stage would try to control their costs heavily, try to maximise their revenue and get into new strategies but ICICI seems to be continuing their business in the normal way.

First reason why the panic started was because of the ICICI Bank being closed on 29th ie monday and this is because of their Half Yearly Accounts Closing and the schedule is for 30th September too which means the bank would be closed for 3days in a row making people feel there is something suspicious and the rumour of bank bankrupt spread like fire making people visit all the nearest ATM machines and withdraw the maximum money they can though the normal maximum withdrawal per day is 25000Rs only.You can check out the ICICI Bank website which is perfectly working using which you can transfer/send/recieve funds easily and also search for the nearest ICICI Bank ATM Locations and Bank Branches for more enquiry. You can avail the following services at any ICICI Bank ATM Locations -* Cash Withdrawal of upto Rs. 25, 000 per day* Balance Enquiry and Mini Statement Generation* Deposit of Cash and Cheque* Funds Transfer* Pin Change* Payments* Cheque Book RequestsCheck out the Bank ATM/Branch Locator using this link – ICICI Bank LocaterICICI Bank Limited clarifies that 98% of ICICI Bank UK PLC’s non-India investm ent book is rated investm ent grade and above• ICICI Bank UK PLC has zero exposure to US sub-prime credit, whether directly or through credit derivatives such as CDO/CLN/CDS.• About 98% of ICICI Bank UK PLC’s non-India investment book of USD 3.5 billion is rated investment grade and above (by S&P/ Moody’s/ Fitch). About 89% is rated A- and above (by S&P/Moody’s/Fitch).• Only about 18% of ICICI Bank UK PLC’s non-India investment book is exposure to the United States.• In addition, ICICI Bank UK PLC holds cash equivalent instruments (inter-bank placements and certificates of deposit) of USD 1.1 billion. There is no exposure to US banks in this category.• ICICIBank UK PLC has a total balance sheet size of USD 8.5 billion and has zero NPLs on the balance portfolio of USD 3.9 billion.• As on the lastbalance sheetdate ofJune 30, 2008, ICICIBank UK PLC had a capital adequacy ratio of 17.4%

In short i personally recommend everyone not to panic on this issue and worry because the current risk amount for ICICI is very less and all your money is safe. Though to be on safe side you can move away the funds to other nationalized banks. There were even rumours of SBI(State Bank of India) Bankrupt but overall rumours are rumours which may be created for getting the stocks down or other reasons. Try to stay on the lowest risks and make sure you dont get into any tensions because they lead to nothing other than suffering. The strict Indian Banking laws always make sure the consumers and investors are always on safe side.

Interest Rates

Deposit Accounts

NATURE RATE OF INTEREST MINIMUM BALANCE*

  NORMAL SENIOR CITIZEN Metro Urban

ACCOUNT        

1. Savings Bank A/c

A. Domestic        

a. With cheque

book facility3.5% p.a 3.5% p.a Rs.10,000 Rs.10,000

b. Without cheque

book facility3.5% p.a 3.5% p.a Not available Not available

c. No Frills

Account3.5% p.a 3.5% p.a Zero Zero

B. Non Resident (Savings account)        

a. NRO 3.5 3.5 15000 15000

b. NRE 3.5 3.5 15000 15000

 

2. Term Deposits (Fixed Deposit and Recurring Deposit)*

A. For Domestic Deposits Below Rs.15 Lacs

  Rates of Interest (% p.a.) w.e.f July 31, 2010

Maturity Period General Senior Citizen **

7 days to 14 days 3.50

15 days to 29 days 3.50

30 days to 45 days 3.75

46 days to 60 days 3.75

61 days to 90 days 4.25

91 days to 120 days 5.50

121 days to 184 days 5.50

185 days to 210 days 6.00

211 days to 269 days 6.00

270 days to less than 1 year 6.50

1 year to 389 days 6.50

390 days 7.00

391 days to 589 days 6.50

590 days 7.00

591 days to less than 2 years 6.50

2 years to 789 days 7.25

790 days 7.50

791 days to 989 days 7.25

990 days 7.50

991 days to less than 3 years 7.25

3 years to less than 5 years 7.75

5 years upto 10 years 7.75

Tax Saver FD 80C (5 year) – Upto Rs. 1 lac 7.75

 

B. For Domestic Deposits of Rs.15 Lacs to less than Rs. 1 Crore

  Rates of Interest (% p.a.) w.e.f July 31, 2010

Maturity Period General Senior Citizen **

7 days to 14 days 3.50

15 days to 29 days 3.50

30 days to 45 days 3.75

46 days to 60 days 3.75

61 days to 90 days 4.25

91 days to 120 days 4.75

121 days to 184 days 5.00

185 days to 210 days 6.00

211 days to 269 days 6.00

270 days to less than 1 year 6.50

1 year to 389 days 6.50

390 days 7.00

391 days to 589 days 6.50

590 days 7.00

591 days to less than 2 years 6.50

2 years to 789 days 7.25

790 days 7.50

791 days to 989 days 7.25

990 days 7.50

991 days to less than 3 years 7.25

3 years to less than 5 years 7.75

5 years upto 10 years 7.75

*Subject to revision without further notice.

Note: Rates for Deposits for Rs.10 mn and above will be advised by treasury from time to time.

 

Recurring Deposit rates:

  Rates of Interest (% p.a.) w.e.f July 31, 2010

Maturity Period General Senior Citizen **

6 months 5.50

9 months 6.50

12 months 6.50

15 months 6.50

18 months 6.50

21 months 6.50

24 months 7.25

27 months 7.25

30 months 7.25

33 months 7.25

3 years to less than 5 years 7.75

5 years upto 10 years 7.75

Note : Recurring Deposits will be available for a minimum tenure of 6 months (and in multiples of 3 months thereafter) up to a maximum tenure of 10 years.

Premature withdrawal of Deposit :

On pre-mature withdrawal of the Deposit, interest will be calculated at the rate applicable for the period the Deposit has actually remained with ICICI Bank.

Penalty on Delayed Installment :

Penalty is charged at monthly interest at the rate of Rs.12 per Rs.1000 for all delayed installments.

Fraction of a month will be treated as full month for the purpose of calculating such interest. 

The total interest so chargeable shall be recovered from the total amount of interest payable at the time of maturity.

 

**Interest Rates for Senior Citizens :

A. Eligibility Criteria : A person who has completed the age of 60 years may be treated as a senior citizen for getting the benefit under the special deposit scheme for senior citizens.

B. Verification of Age : Customers are requested to provide any of the below mentioned documents on completion of age 60 at nearest ICICI Bank Branch so that any future term deposits

created under the same Customer id will enjoy the benefit Senior Citizen rates of interest : 

1. Passport 

2. PAN Card

3. Voters Identity Card 

4. Senior Citizen Card issued by State / Central Government

5. Driving Licence issued by regional transport authority

6.Secondary School Leaving Certificate indicating date of Birth 

7. Date of Birth Certificate

8. Life Insurance Policy 

9. Pension Payment Order / Passbook / Card issued by State / Central Government of India

10. Photo ID issued by PSUs to retired persons

Penalty on Pre-mature withdrawal (All Categories) would be applicable as below:

Original Tenure of DepositPenal Rates*

Less than Rs.50.0 mn Rs.50.0 mn & above

Less than 1 year 0.50%

1 year & above but less than 5 years 1.00%

5 years and above 1.00%

*Subject to revision without further notice.Please note that Interest earned on the Fixed Deposit will be subject to Tax Deducted at Source as per Income Tax laws.

B. Non-Resident Accounts *

a. NRO FD (All Maturities) Rate of Interest * *

Term Deposits (Fixed Deposit and Recurring

Deposit) All MaturitiesLess than Rs.15 Lakhs (w.e.f July 31, 2010)

7-14 days 3.50

15-29 days 3.50

30-45 days 3.75

46-60 days 3.75

61-90 days 4.25

91 days to 120 days 5.50

121 days to 184 days 5.50

185 days to 210 days 6.00

211 days to 269 days 6.00

270 days to less than 1 year 6.50

1 year to 389 days 6.50

390 days 7.00

391 days to 589 days 6.50

590 days 7.00

591 days to less than 2 years 6.50

2 years to 789 days 7.25

790 days 7.50

791 days to 989 days 7.25

990 days 7.50

991 days to less than 3 years 7.25

3 years to less than 5 years 7.75

5 years upto 10 years 7.75

5 Years (80C FD) 7.75

 

*Subject to revision without further notice.

## Penalty on Pre-mature withdrawal (All Categories) would be applicable as below :

Original Tenure of DepositPenal Rates ##

Less than Rs.50.0 mn

Less than 1 year 0.50%

1 year & above but less than 5 years 1.00%

5 years 1.00%

More than 5 years upto 5 years 3 months 1.00%

More than 5 years 3 months upto 10 years 1.00%

NRE FD and FCNR(B) Interest Rates applicable from 01/08/2010

 1 year & above but < 2 years

2 years & above but < 3 years

3 years & above but < 4 years

4 years & above but < 5 years

For 5 years

b. NRE FD

2.79 2.49 2.82 2.82 2.82

c. FCNR(B)

         

i) USD 2.04 1.74 2.07 2.43 2.79

ii) GBP 2.48 2.39 2.77 3.14 3.45

iii) EUR 2.39 2.44 2.68 2.92 3.17

iv) CAD 2.92 2.58 2.94 3.25 3.49

v) AUD 6.60 5.92 5.98 6.18 6.29

1) FCNR(B) deposits can be accepted for a minimum period of one year and maximum for a period of five years.

2) NRE fixed deposit can be accepted for a minimum period of one year and maximum for a period of ten years.

3) NA- Not Applicable

CHARGES (Domestic Customers)

2. Credit Cards

  Signature Platinum Identity Amex AscentPlatinum /

TitaniumGold/Silver

Interest charges p.a. on extended credit and cash

advances33% 33% 33% 37.8% 40.8%

Fee Based Services      

1. Lockers      

Type

of LockerMetro / Urban/ Semi Urban

  1 yr. 2 yrs. 3 yrs.

  Locker rates vary for different branches, hence customers are requested to get in touch with respective branch

       Cards

 

Type Joining Fee Annual FeeFinance Charges (Interest

Charges)

Cash Advance

Charges

Corporate Card Gold Individual LiabilityNil Nil 2.95% Monthly 2.5% Monthly

Corporate Card Silver Individual Liability Nil Nil 3.15% Monthly 2.5% Monthly

Corporate Card Platinum Individual

LiabilityNil

Rs.999+ Service

Tax2.75% Monthly 2.5% Monthly

Corporate Card Gold Joint & Several or

Sole LiabilityNil Nil Nil 2.5% Monthly

Corporate Card Silver Joint & Several or

Sole LiabilityNil Nil Nil 2.5% Monthly

Corporate Card Platinum Joint &

Several or Sole LiabilityNil

Rs.999+ Service

TaxNil 2.5% Monthly

Purchase Card Joining Fee Nil Nil NA

Corporate Card Gold Insurance

Premium

Rs.100 +

Service TaxNil Nil NA

3. Debit Cards Annual Fees – Rs.99 per annum     

   

4. Drafts       

4a. Demand Drafts  

IssueRs.50 per D.D. up to Rs.10,000;Rs.3 per thousand rupees or part thereof for DD of more than Rs.10,000, subject to

a minimum of Rs.75 and maximum of Rs. 15,000

Issue - By deposit of cash Rs.4 per thousand rupees or part thereof, subject to a minimum of Rs.100 and maximum of Rs. 15000

Duplicate/Revalidation/Cancellation Rs.100 per DD

4b. Pay Order       

IssueRs.75 for PO of up to Rs.10,000, For PO above Rs.10,000 Rs.2.50 per thousand rupees or part thereof, subject to a

minimum of Rs.75 and maximum of Rs.15000

Issue - By deposit of cashRs.150 per PO for amounts up to Rs.50,000, For PO above Rs. 50,000 Rs.4 per thousand rupees or part thereof,

subject to a minimum of Rs.150 and maximum of Rs.15000

Duplicate/Revalidation/Cancellation Rs.100 per DD

5. Outstation chequecollection

      

Through ICICI BankUpto Rs.10,000 – Rs. 50 per instrument; Rs.10,001 to Rs. 1 lakh – Rs 100 per instrument; Above Rs.1 lakh - Rs.

150 per instrument

Through Non-ICICI banksUpto Rs.10,000 – Rs. 50 per instrument; Rs.10,001 to Rs. 1 lakh – Rs 100 per instrument; Above Rs.1 lakh - Rs.

150 per instrument

Speed clearing charges Upto Rs 1 Lakh Nil; above Rs 1 Lakh Rs 150/- per instrument

6. NEFT Money Transfer  

Inward Nil

Outward Through Branch: Upto Rs.1 lakh – Rs. 5 per transaction. Rs. 1 lakh and above – Rs. 25 per transaction.

7. RTGS Money Transfer  

Inward Nil

Outward Rs. 1lakh to 5 lakh – Rs. 25 per transaction. Rs. 5 lakh and above – Rs. 50 per transaction.

8. Cheque return charges  

Local  

Inward

Rs.350 for one cheque return per month; Thereafter, Rs.750 per return in the same month for financial reasons.

Rs.50 for non-financial reasons except for signature verification

Transfer cheque returns will be charged at Rs 350/- per return for financial reasons.

Outward Rs.100 for every cheque return for financial reasons.

Outstation  

Inward Nil

Outward Rs.150 plus other bank charges at actuals per cheque.

9. Cheque Book Issue Nil for 30 payable-at-par cheque leaves in a quarter;Rs. 30 for every additional cheque book of 15 leaves

10. No Dues Certificate Nil

* This applies to regular savings accounts.For minimum balance requirement and productwise charges of different savings variants like Senior citizen, Privilege, Young star etc pls visit http://www.icicibank.com/pfsuser/webnews/rates&fees.htmService tax @ 10.30 % (as per Govt rules) W.e.f. 24-Feb-09 is applicable over and above charges indicated above. The charges indicated above are subject to periodic revision.

The charges displayed above are not applicable for NRI customers. For details on charges applicable to NRI customers, please 

Loans & Advances - Indicative lending rates updated on May 11th, 2010

Retail Loans

Tenure of credit facility Up to 35 months 36months 37-60 monthsProcessing fee

Type of credit facility Rate of interest

New Car Loans 9.50% to 13.00% 9.50% to 12.75% 9.50% to 13.00%

Loan amount less than Rs. 2.50 lacs = Rs. 2,500

Rs. 2.50 to Rs. 5.00 lacs = Rs. 3,100

Rs. 5.00 to Rs.10.00 lacs = Rs. 4,000

More than Rs.10.00 lacs = Rs. 5,000

     

Type of credit facility Rate of interest Processing fee

Used Car Loans 15.50% to 17.00%

Loan amount up to Rs. 1.25 Lacs = Rs. 1,200

Rs. 1.25 to Rs. 2.50 Lacs = Rs. 2,000

Rs. 2.50 to Rs.5.00 Lacs = Rs. 2,500

More than Rs. 5.00 Lacs = Rs. 3,000.

     

Type of credit facility Rate of interest Processing fee

Commercial Vehicle Loans 10.50% to 13.25% 0.50% of the loan amount

Construction Equipment Loans 10.00% to 12.50% 0.25% of the loan amount

     

Type of credit facility Rate of interest Processing fee

Personal Loans 14.00% to 18.00% Upto 2.0% of the loan amount plus service tax

     

Type of credit facility Credit limit (Rs.) Rate of interest (%) Fees

Loans Against Securities

Upto Rs.10 lacs 13.50Processing Fees (One

time)

More than Rs. 10 lacs

to Rs. 15 lacs13.00

Renewal Fees (p.a.)

More than Rs. 15 lacs 12.50

Notes:-

Specific interest rate applicable to a customer would be dependent on segment, asset category and location.

Stamp duty charges shall be extra as applicable.

ICICI Bank reserves the right to revise the rate of interest and processing fee from time to time, at its sole discretion.

Balance Sheet of ICICI Bank ------------------- in Rs. Cr. -------------------

Mar '06 Mar '07 Mar '08 Mar '09 Mar '10

12 mths 12 mths 12 mths 12 mths 12 mths

Capital and Liabilities:

Total Share Capital 1,239.83 1,249.34 1,462.68 1,463.29 1,114.89

Equity Share Capital 889.83 899.34 1,112.68 1,113.29 1,114.89

Share Application Money 0.00 0.00 0.00 0.00 0.00

Preference Share Capital 350.00 350.00 350.00 350.00 0.00

Reserves 21,316.16 23,413.92 45,357.53 48,419.73 50,503.48

Revaluation Reserves 0.00 0.00 0.00 0.00 0.00

Net Worth 22,555.99 24,663.26 46,820.21 49,883.02 51,618.37

Deposits 165,083.17 230,510.19 244,431.05 218,347.82 202,016.60

Borrowings 38,521.91 51,256.03 65,648.43 67,323.69 94,263.57

Total Debt 203,605.08 281,766.22 310,079.48 285,671.51 296,280.17

Other Liabilities & Provisions 25,227.88 38,228.64 42,895.39 43,746.43 15,501.18

Total Liabilities 251,388.95 344,658.12 399,795.08 379,300.96 363,399.72

Mar '06 Mar '07 Mar '08 Mar '09 Mar '10

12 mths 12 mths 12 mths 12 mths 12 mths

Assets

Cash & Balances with RBI 8,934.37 18,706.88 29,377.53 17,536.33 27,514.29

Balance with Banks, Money at Call 8,105.85 18,414.45 8,663.60 12,430.23 11,359.40

Advances 146,163.11 195,865.60 225,616.08 218,310.85 181,205.60

Investments 71,547.39 91,257.84 111,454.34 103,058.31 120,892.80

Gross Block 5,968.57 6,298.56 7,036.00 7,443.71 7,114.12

Accumulated Depreciation 1,987.85 2,375.14 2,927.11 3,642.09 3,901.43

Net Block 3,980.72 3,923.42 4,108.89 3,801.62 3,212.69

Capital Work In Progress 147.94 189.66 0.00 0.00 0.00

Other Assets 12,509.57 16,300.26 20,574.63 24,163.62 19,214.93

Total Assets 251,388.95 344,658.11 399,795.07 379,300.96 363,399.71

Contingent Liabilities 119,895.78 177,054.18 371,737.36 803,991.92 694,948.84

Bills for collection 15,025.21 22,717.23 29,377.55 36,678.71 38,597.36

Book Value (Rs) 249.55 270.37 417.64 444.94 463.01

NON BANKING SERVICES

India’s second largest ICICI Bank launches C-SAM’s comprehensive mobile banking solutionMUMBAI, January 16th, 2008: ICICI BANK, India’s second largest bank, announced the launch of

‘iMobile’, the world’s most comprehensive mobile banking solution. iMobile is based on C-SAM’s

pioneering technology and is available for ICICI BANK Bank’s customers worldwide.

The introduction of C-SAM’s Mobile Transaction Platform (MTP) by ICICI BANK makes it the first bank

in India to offer a secure and rich client application.

iMobile’s simple and intuitive icon based interface makes it significantly more appealing to

customers compared to other menu and messaging based solutions. iMobile offers more than 40

different services covering banking, fund transfer (within ICICI BANK and outside ICICI BANK ), demat

services, credit card services, bill payments, mobile recharge, apply now services, locator services,

etc. iMobile works on almost all types of phones and across all GSM networks. The Bank is in

discussions with CDMA network operators and plans to extend the solution shortly.

Additionally, the solution works across both, GPRS networks as well as Secure SMS, making it the

world’s only commercial mobile banking solution that enables a rich client based application to

seamlessly operate over data and SMS.

With India’s mobile population rapidly approaching 200 million subscribers, C-SAM’s platform

enables banks to acquire new customers through the mobile channel, reduce customer support

costs, and generate new revenue streams. In the future, ICICI BANK plans to extend C-SAM’s

platform to other services as well.

According to Mr. Maninder Juneja , Head Retail Liabilities Group, ICICI Bank , “ICICI BANK known for

being at the forefront of technology, innovation and customer focus, is the first bank in the country

to offer such a large suite of banking services on mobile phones. With the increasing penetration of

mobile phones, large number of customers can now access accounts and transact at the touch of a

button.”

“The launch of iMobile is very timely, as it will enable ICICI BANK to go beyond ATM and PC based

banking, reaching out to the rapidly growing mobile phone users to not only extend their branch

services but also develop a deeper customer relationship,” said Mr. Mehul Desai, Chief Operating

Officer of the Oak Brook, Illinois-based C-SAM, Inc.

ICICI Netbanking

Graphical Interface: 4/5

User-friendliness: 3/5

Facilities and Services offered: 4.5/5

Upgradation: 4/5

Closer to Branch-less Banking: 4.5/5

HDFC Netbanking

Graphical Interface: 3.5/5

User-friendliness: 4/5

Facilities and Services offered: 3/5

Upgradation: 3/5

Closer to Branch-less Banking: 3.5/5