PRESENTATION ONBANKING SECTOR

Group Name- Strikers

RucheeVishal SingUtkarsh MishraUmesh Shri krishna Singh

Submitted By-

ICICI Bank Limited

Type PrivateTraded as BSE: 532174

NSE: ICICIBANKNYSE: IBNBSE SENSEX Constituent

Industry Banking, Financial servicesFounded 1955Headquarters Mumbai, Maharashtra, IndiaArea served WorldwideKey people K. V. Kamath

(Chairman)Chanda Kochhar(MD & CEO)

Products Credit cards, Consumer banking, corporate banking,finance and insurance,investment banking, mortgage loans, private banking, wealth management

Revenue  US$ 13.518 billion (2012)[1]

Profit  US$ 1.550 billion (2012)[1]

Total assets  US$ 122.53 billion (2012)[1]

Total equity  US$ 12.426 billion (2012)[1]

Employees 81,254 (2012)[1]

Website www.icicibank.com

ICICI Bank Limited (NSE: ICICIBANK, BSE: 532174, NYSE: IBN) is an Indian diversified financial services company headquartered in

COMPANY PROFILE OF

ICICI BANKCorporate Profile | History- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -Corporate ProfileICICI Bank is India's second-largest bank with total assets of Rs. 4,062.34 billion (US$ 91 billion) at March 31, 2011 and profit after tax Rs. 51.51 billion (US$ 1,155 million) for the year ended March 31, 2011. The Bank has a network of 2,756 branches and about 9,225 ATMs in India, and has a presence in 19 countries, including India. 

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 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 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. Our UK subsidiary has established branches in Belgium and Germany. 

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). 

CHAIRMAN OF ICICI BANK-

Mr. K. Vaman Kamath is the Chairman of the Board of Directors of ICICI Bank Limited.

Mr. Kamath has a degree in mechanical engineering and did his management studies at the Indian Institute of Management, Ahemdabad (IIM-A).

He started his career in 1971 at ICICI.

Mr. Kamath was conferred with the Padma Bhushan , one of India's highest civilian honours , in 2008.

DATA COLLECTION- The information needed to further proceed in the project had been collected through primary data and secondary data.

SECONDARY DATA

The secondary data consists of information that already exist some where, Having been collected for another purpose.

Any researcher begins there search work by first going through the secondary data.

Secondary data includes the information available with the company. It may be the findings of research previously done in the field.

Secondary data can also be collected from magazines, newspapers, other surveys conducted by known research agencies etc

PROFIT & LOSS A/C

TotalExpenses

Mar.12 Mar.11 Mar.10 Mar.09 Ma.r.08

Interest expended

22,808.50 16,957.15 17,592.57 22,725.93 23,484.24

Employee cost 3,515.28 2,816.93 1,925.79 1,971.70 2,078.90

Selling and Admin exp.

2,888.22 3,785.13 6,056.48 5,977.72 5,834.95

Dep. 524.53 562.44 619.50 678.60 578.35

Miscellaneous exp. 5,248.97 3,809.93 2,780.03 4,098.22 3,533.03

Operating Exp. 8,843.63 8,594.16 10,221.99 10,795.14 10,855.18

Provision & Exp 3,333.37 2,380.27 1,159.81 1,931.10 1,170.05

Total Exp. 34,985.50 27,931.58 28,974.37 35,452.17 35,509.47

Net Profit 6,465.26 5,151.38 4,024.98 3,758.13 4,157.73

BALANCE SHEET Mar.12 Mar.11 Mar.10 Mar.09 Mar.08

Share Capital

1,155.15 1,152.11 1,114.89 1,463.29 1,462.68

Reserves & Surplus 59,250.09 53,938.82 50,503.48 48,419.73 45,357.53

Debts 395,664.87

335,156.39

296,280.17

285,671.51

310,079.48

Investments.

159,560.04

134,685.96

120,892.80

103,058.31

111,454.34

Total Current Assets

309,472.36

266,803.45

239,294.22

272,441.o3

284,231.84

Current Liabilities 13,974.99 12,691.89 12,563.22 40,934.58 40,067.37

Mar.12 Mar.11 Mar.10 Mar.09 Mar.08

Cash And Bank

36,229.31 34,090.08 38,873.69 29,966.56 38,041.13

Debtors 0.00 0.00 0.00 0.00 0.00

COMPANY PROFILE OF

IDBI BANKINTORDUCTION-

Industrial Development Bank of India (IDBI Bank) is today one of India’s largest commercial Banks.

.

IDBI Bank Limited (the Bank) is an India-based commercial bank.

The Bank operates in three segments wholesale banking, retail banking and treasury services. T

The Bank offers personalized banking and financial solutions to its clients in the retail and corporate banking arena through its network of branches and automated teller machine (ATMs). As on March 31, 2012, the Bank had a network of 973 Branches and 1542 ATMs.

financial solutions to its clients across various delivery channels. Services

•Retail banking: It provides a wide range of products and services like deposits, loans, NRI services, demat, pension account, mobile banking, internet banking, investment schemes such as mutual fund, insurance products, bonds, debentures etc.

•Corporate banking: It provides corporates project finance, film finance, foreign currency loan, working capital finance, treasury products, etc•.•Agri business and microfinance: It provides finance to agri businesses in the form of dairy loans, farm mechanization loans, financing for fisheries, poultry, piggery, warehouse receipt finance, etc.SME: IDBI Bank also offers products and services to SME sector

Subsidiaries of the bank•IDBI Capital Markets •IDBI Intech •IDBI Asset Management

Recognition•IDBI’s long term foreign currency debt was given Baa2 rating by Moody’s reflecting strong government ownership and control.•IDBI Bank was assigned ‘BBB’ rating by Standard's & Poor and Fitch, which represents strong market position.IDBI’s long-term bonds, fixed deposits and short-term borrowing are rated by CRISIL, ICRA and Fitch, reflecting high safety in respect to timely payment of interest and principal.

Chairman & Managing Director

R M Malla

Deputy Managing Director B K Batra

Director (Govt.) Sunil SoniP K Chaudhery

Independent Director P S ShenoySubhash TuliS RaviNinad Karpe

Company Secretary Pawan Agrawal

Board Of Directors

PROFIT & LOSS A/C

TotalExpenses

Mar.12 Mar.11 Mar.10 Mar.09 Ma.r.08

Interest expended

18,825.08 14,271.93 13,005.22 10,305.72 7,364.41

Employee cost 1,160.44 1,026.50 756.99 569.24 384.61

Selling and Admin exp.

0.00 1,830.00 720.90 504.21 365.50

Dep. 116.06 127.04 90.98 52.70 83.50

Miscellaneous exp. 3,388.15 1,798.60 2,009.37 816.93 844.62

Operating Exp. 2,607.45 3,509.84 2,067.76 1,481.66 1,092.36

Provision & Exp 2,057.20 1,272.30 1,510.48 461.42 585.87

Total Exp. 23,489.73 19,054.07 16,583.46 12,248.80 9,042.64

Net Profit 2,031.61 1,650.32 1,031.13 858.54 729.46

BALANCE SHEET Mar.12 Mar.11 Mar.10 Mar.09 Mar.08

Share Capital

1,278.38 985.55 724.86 724.78 724.76

Reserves & Surplus 18,149.53 11,686.25 7,502.26 6,719.52 6,075.13

Debts 263,970.20

232,055.44

215,376.56

156,818.05

111,610.53

Investments. 83,175.36 68,269.18 73,345.46 50,047.60 32,802.93

Total Current Assets

204,643.06

182,070.27

157,229.60

119,530.61

95,125.49

Current Liabilities 7,439.12 4,557.65 6,224.08 4,979.47 9,677.21

Mar.12 Mar.11 Mar.10 Mar.09 Mar.08

Cash And Bank

18,057.65 20,766.07 14,582.84 11,219.32 8,758.77

Debtors 0.00 0.00 0.00 0.00 0.00

COMPARISION BOTH THE COMPANIES

Mumbai, Dec 22: The retail debt market could not get more cut-throat. On the eve of the closing of the ICICI's Rs 600-crore Safety Bonds issue on December 21 (the day another term lending institution Industrial Development Bank of India hit the market with its Rs 1,500-crore debt issue), an anonymous letter did the rounds in the media circle speaking of the advantages of investing in ICICI's issue and the disadvantages involved in parking funds in the IDBI's Flexibonds V issue.

IDBI officials have accused ICICI of having issued the letter. "It is amazing how an institution like this could stoop to such low levels," said an IDBI official who wished not to be quoted. Another official at the term lending institution said that the letter could only have been issued by a "well-wisher". ICICI, on its part, has categorically denied having issued any such letter. "Why would we do such a thing when our issue closed on the day the IDBI issue opened," asked a spokesperson for ICICI. The letter, titled "Safety Bonds --Strike The Right Chord," speaks of the benefits accruing to the retail investor if he invests in ICICI bonds. "The idea, clearly, is to mislead the retail investor who is not very well informed," said the IDBI official. The letter states: "Investors tend to prefer shorter maturity bonds, which give more regular interest payments and have lower entry barriers. Both issuers offer Regular Income Bond, but ICICI offers five-year bonds whereas IDBI bonds are of seven-year tenure; IDBI does not offer monthly interest option and one needs to invest a minimum of Rs 20,000 in IDBI quarterly interest option compared with Rs 15,000 in case of ICICI monthly income."

IDBI has clarified that investors still have the option of exiting after five years and that payment of interest, if paid on a monthly basis, would not amount to much. A quarterly payment of interest would amount to Rs 650 on the minimum investment, according to the IDBI official. The returns paid by both ICICI and IDBI are also comparable, headded.

Under the tax-saving bonds, the ICICI bond, according to the letter, offering a tax rebate under Sec 88 has a maturity of three years and three months. Investors can sell the bond after three years, thereby meeting the requirement of minimum lock-in period of three years for Sec 88 benefits. At the same time, tax on income from bond would be payable at a lower rate of 20 per cent as the difference between sales consideration and purchase price is treated as capital gains tax and not interest income. The IDBI infrastructure bond has a cumulative option offering Sec 88 benefit but the tenure is just three years. The investor cannot get the full benefit of the structure and avail the Sec 88 benefit at the same time.

, thereby meeting the requirement of minimum lock-in period of three years for Sec 88 benefits. At the same time, tax on income from bond would be payable at a lower rate of 20 per cent as the difference between sales consideration and purchase price is treated as capital gains tax and not interest income. The IDBI infrastructure bond has a cumulative option offering Sec 88 benefit but the tenure is just three years. The investor cannot get the full benefit of the structure and avail the Sec 88 benefit at the same time.

The letter goes on to say that while both the ICICI and IDBI bonds are listed on the Bombay Stock Exchange and the National Stock Exchange, ICICI gives buy and sell quotes for its bonds on the NSE to enable investors to exit out of their bonds at market-related prices, in case they needto. Although IDBI bonds are also listed, IDBI does not offer two-way quotes and hence, trading is infrequent and investors may not be able to exit at fair prices at all times.

"The premise of this letter is that the other issuer is more investor friendly," the IDBI official said. "However, they have failed to inform the investor that the bond issue is in the nature of subordinate debt. Ideally, subordinate debt offers a higher coupon rate than senior debt, which has not been the case with the ICICI issue. The IDBI issue is in the nature of senior debt," said the official. ICICI officials have called attention to page 3 of the prospectus which clearly states that certain bonds under the issue are in the nature of subordinated debt. With banks already having taken informal decisions not to invest in the bond issues of financial institutions, accessing the market for funds is expected to become increasingly difficult for the institutions.

BIBLIOGHRAPHY: Money control.com

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