z

PROJECT REPORT
ON

”
“FINANCIAL REPORT
OF
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Chapter Page
no
no Particulars

Introduction
 Background of company and the study

1  Objectives of the study

 Scope and limitation of the study
 Data sources (annual reports,financial statements,etc.)
 Period of study
 Financial ratios and tools used for analysis

Company Profile
 Overview of company
2  Business segments and service offerings
 Global presence and market share

Financial Performance Analysis

3  Trend analysis of revenue, profits,and other key
financial metrics
 Profitability ratios (gross profit ratio,return on equity
etc.)
 Liquidity ratios (current ratio,quick ratio,cash ratio)
 Solvency ratios (debt-equity ratio,interest coverage
ratio)
 Efficiency ratios (asset turnover, receivables
turnover, inventory turnover)

Findings, Recommendations and

4 conclusion
 Summary of key findings from the financial
analysis
 Recommendations for improving financial
performance and shareholder value
 Concluding remarks on the financial health and
prospects of company
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Chapter 1

INTRODUCTION

BACKGROUND OF ICICI BANK

 History of ICICI
 1995: The Industrial Credit and Investment Corporation of India
Limited (ICICI) was incorporated at the initiative of world bank, the
government of india and representstives of indian industry, with the
objective of creating a development of creating a development
financial institution for providing medium –term and long –term
project financing to indian businesses.mr. A.R. 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.

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. ICICI bank launched internet banking operations in 1998.

ICICI’s shareholding in ICICI bank was reduced in 46% through a

public offering of shares in india in 1998 followed by an equity
offering in the form of American depository receipts on the NYSE in
2000. ICICI bank acquired the bank of Madura limited in an all –
stock deal in 2001 and sold additional stakes to institutional
investors during 2001-02. In 1999, ICICI become the first indian
company and the first bank or a financial institution from non-japan
asia to be listed on the NYSE.

ICICI, ICICI Bank ,and ICICI subsidiaries ICICI Personal Financial

Services Limited and ICICI Capital Services Limited merged in a
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reverse merge in 2002. During the financial crisis of 2007-2008,
customer rushed to ICICI ATMs and branches in some locations
due to rumors of bank failure. The RBI issued a clarification on the
financial strength of ICICI bank to dispel the rumours.

In 2015, ICICI unveiled an outward remittance platform called

‘Money2World’. The first of its kind, it enabeled fully online outward
remittance transactions for non-ICICI Bank Ltd approved an
investment of 10 billion (US$120 million) in Yes Bank, resulting in a
5% ownership in Yes.

ICICI BANK TODAY

ICICI Bank (BSE : ICICI ) (formerly Industrial Credit and Investment

Corporation of
India) is India 's largest private sector bank by market capitalisation and second
largest
overall in terms of assets. Trotal assets of Rs. 3,562.28 billion (US$ 77 billion)
at
December 31, 2009 and profit after tax Rs. 30.19 billion (US$ 648.8 million) for the
nine
months ended December 31, 2009. The Bank also has a network of 1,640+
branches (as
on February 11, 2010) and about 4,721 ATMs in India and presence in 18
countries, 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 specialised 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. ICICI Bank has got its equity shares listed on the stock exchanges at
Kolkata and Vadodara , Mumbai and the National Stock Exchange of India Limited ,
and
its ADRs 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 18
countries,
including an offshore unit in Mumbai. This includes wholly owned subsidiaries in
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Canada, Russia and the UK (the subsidiary through which the HiSAVE savings
brand 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 net profit of Rs. 3,758 crore (US$ 741 million) for FY2009. The
bank's
Current and savings account (CASA) ratio increased to 28.7% at March 31, 2009
from
26.1% at March 31, 2008. Increase of Rs. 5,286 crore in CASA deposits in quarter
ended
March 31,2009.
ICICI Bank is one of the Big Four Banks of India with State Bank of India , Axis Bank
and HDFC Bank
ICICI GROUP

OBJECTIVE OF THE STUDY

The major objective of the ICICI was to meet the needs of the industry
for permanent and long term funds in the private sector. In general, the
major objectives are:

1. To assit in creation, growth and modernization of business

enterprises in the non-public sector
2. To encourage and promte the involvement of internal and external
capital sources, in such enterprises.
3. To motivate private ownwrship of industrial investment and to
promote and assist in the expansion of markets.
4. To provide equipment finance.
5. To provide finance for rehabilitation of industrial units.
6. Assisting business by advancing their credit limt and promoting
external capital sources in those enterprises.
7. Role in the expansion of the indian capital market as a prime objective.
8. Encourage private ownership of investments.
9. Support agricultural and manufacturing sectors in the economy
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SCOPE OF THE STUDY

1. Market Position and Competitive Landscape

 Assess ICICI’s position in the financial service

market
 Identify its competitive advantages and how it
differentiates itself from competitors.

2. Product and service portfolio

 Analyse the range of financial products and services
offered by ICICI, including loans for MSME’s,
affordable housing loans and other financial services.

3. Risk Management and compliance

 Evaluate the risk management statergies employed
by ICICI
 Asses compliance with regulatory requirements and
financial standards.

4. Financial Inclusion Impact

 Study ICICI’s contributions to financial inclusion and
its efforts to serve understand and unbanked
populations.

LIMITATIONS OF THE STUDY

1. Dynamic market conditions
 The financial services market is highly dynamic .
Changes in economic conditions,regulatory
policies,and market competition may affect the
findings of the study
2. Subjectivity in Analysis
 Some aspects of the study, such as competitive
advantage and customer satisfaction may involve
subjective judgement, which can introduce bais
3. Scope of Financial Metrics
 The analysis of financial performance may be limited
to publicly available data, which not provide a
complete picture ofICICI’s financial health
4. Technological Changes
 Rapid advancements in technology may quick render
some findings outdated, particularly those related to
technological integration and innovation
By acknowledging these scopes and limitations, the
study can provide a well-rounded understanding of
ICICI PVT LTD while being transparent about its
constraints.
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FINANCIAL RATIOS AND TOOLS USED FOR ANALYSIS

The data collected were edited, and tabulated for

analysis. The analytical tools used in this study are:
1. Comparative statement
2. Trend percentage
3. Ratio analysis
4. Cashflow statement

DATA SOURCES
1. Annual reports
2. Financial statements
3. Balance sheet
4. Profit and loss statement
5. Income statement

PERIOD OF STUDY

The period of study is 5years

RESEARCH METHODOLOGY

Methods of data collection:

1.Primary Data: Primary data is the data that is collected for the first time
through personal experience or evidence, particularly for research. It is also
described as raw dat or firsthand information

2. Secondary Data: Secondary data refers to data that are gathered by a

secondary party other than user himself. The common sources of the
secondary data for social science include statement, the data collected by the
government agencies, organization document, and the data that are basically
collected for other reaearch objectives. However, primary data, by deference,
are gathered by the investigator conducting the research. The sources are in
the form of written document,like books, previous research
reports,newspaper,magazines andjournal content and websites.
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Chapter 2

COMPANY PROFILE

Headquarters in Bandra Kurla Complex, Mumbai

Formerly Industrial Credit and Investment Corporation of India (as a

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Government Organization)

Company type Private

Traded as  BSE: 532174

 NSE: ICICIBANK
 NYSE: IBN
 BSE SENSEX constituent
 NSE NIFTY 50 constituent

ISIN INE090A01021

Industry Financial services

Founded 5 January 1994; 30 years ago

Headquarters Mumbai, Maharashtra, India (corporate headquarters)

Vadodara, Gujarat, India (registered office)

Number of 5,900[1] (March 2023)

locations

Area served Worldwide

Key people  Girish Chandra Chaturvedi (Chairman) [2]

 Sandeep Bakhshi (MD & CEO)

Products  Consumer banking

 Commercial banking
 Insurance
 Credit cards
 Investment banking
 Mortgage loans
 Private banking
 Private equity
 Investment management
 Asset management
 Mutual funds
 Exchange-traded funds
 Index funds
 Wealth management
 Stockbroking
 Risk management

Revenue ₹236,037 crore (US$28 billion)[3] (2024)

Operating income ₹64,146 crore (US$7.7 billion)[3] (2024)

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Net income ₹44,256 crore (US$5.3 billion)[3] (2024)

Total assets ₹2,364,063 crore (US$280 billion)[4] (2024)

Total equity ₹270,032 crore (US$32 billion)[4] (2024)

Number of 130,542 (2022)[5]

employees

Subsidiaries ICICI Prudential Life Insurance[6]

ICICI Prudential Mutual Fund
ICICI Lombard[7]
ICICI Securities[8]
ICICI Direct[9]
ICICI Home Finance Company

Capital ratio Tier 1 16.97% (2022)[10]

Rating  S&P BBB-/Stable[11]

 Moody's Baa3/Stable[11]
 Fitch BB+/Stable[11]

Website www.icicibank.com

BOARD OF DIRECTORS

Name Designation

Anindya Banerjee Group Chief Financial Officer

B Sriram Independent Director

Girish Chandra Chaturvedi Non Exe.Part Time Chairman

Hari L Mundra Independent Director

Neelam Dhawan Independent Director

Prachiti Lalingkar Co. Secretary & Compl. Officer

Radhakrishnan Nair Independent Director

Rajendra Khandelwal Chief Accountant

Rakesh Jha Executive Director

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S Madhavan Independent Director

Sandeep Bakhshi Managing Director & CEO

Sandeep Batra Executive Director

Uday Chitale Independent Director

Vibha Paul Rishi Independent Director

VISION
 To be the leading provider of financial services in india and global
player
 The vision statement of ICICI bank caught up in conflict of interest
controversy should be brief but should be holistic in nature

MISSION
 Delivering products and services that create value for customers
 Bringing together all capabilities to seamlessly meet customer nees
 Conducting our business within well- defined risk tolerance levels

Awards & Recognitions

 ICICI Bank won a total of four awards in the ‘Large Banks’ group at IBA Banking
Technology Awards. The Bank was declared winner in the following categories:
‘Best IT Risk Management and Cyber Security Initiatives’ and ‘Best Financial
Inclusion Initiatives’. ICICI Bank was declared runner-up in the following categories:
‘Best Technology Bank of the Year’ and ‘The Most Customer-Centric Bank using
Technology’.
 ICICI Bank was recognised as the ‘Best Retail Bank – India’ at the Retail Banker
International Asia Trailblazer Awards 2019. The Bank also won an award in the
‘Best Mortgage Offering’ category at these awards. The awards are organised by
Retail Banker International, an online publication that provides news on banking
and finance from across the globe.
 ICICI Bank was awarded for its ‘iTravel’ project at Finnoviti 2019, a conference and
award ceremony organised by the Banking Frontiers magazine to recognise
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innovations in the Indian Banking, Financial Services and Insurance (BFSI)
industry.
 ICICI Bank won the Silver Award in the ‘Home Loan Provider of the Year 2018’
category at the 17th edition of the Outlook Money Awards. The awards are
organised by Outlook Money, a magazine that features news on personal finance,
mutual funds, investments, insurance, taxation and other financial aspects.
 ICICI Bank was recognised as the ‘Best Foreign Exchange Provider’ in India as part of ‘The
World’s Best Foreign Exchange Providers 2019’ list released by Global Finance magazine.
 ICICI Bank was recognised as the winner in the ‘Smart Data Centre’ category at the
maiden edition of the DCD 'Best in India' Awards 2018. The Bank was recognised
as the winner for its implementation of Internet of Things (IOT) and smart analytics
to improve the efficiency of its Data Centre operations. The awards were organised
by Data Centre Dynamics (DCD), a global B2B events and media company,
delivering insights to help the professionals driving the data centre scale IT
infrastructure sector to make strategic and operational decisions.
 ICICI Foundation for Inclusive Growth (ICICI Foundation) won the ‘Foundation of
the Year’ award at the fifth edition of CSR Impact Awards. The award was
presented during a ceremony hosted at India CSR Summit and Exhibition 2018 in
Delhi. The event was also supported by National Skill Development Corporation.

BUSINESS SEGMENTS

ICICI Bank, one of India's largest private sector banks, operates through several
business segments that cater to different financial services and customer needs. Here
are the main business segments of ICICI Bank:

1. Retail Banking: This segment focuses on individual customers and provides a

wide range of products and services such as savings accounts, personal loans,
home loans, credit cards, and wealth management services.
2. Wholesale Banking: Also known as Corporate Banking, this segment serves
large and mid-sized corporates, institutions, and government entities. It includes
services like corporate loans, working capital finance, trade finance, treasury
and forex services, and cash management.
3. Treasury Operations: ICICI Bank engages in treasury operations to manage
its own liquidity and risks, as well as to provide treasury products and services
to its clients. This includes managing the bank's investments, foreign exchange
operations, derivatives trading, and asset-liability management.
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4. Investment Banking: This segment includes advisory services for mergers and
acquisitions (M&A), equity and debt capital markets, restructuring, and other
investment banking activities aimed at corporate clients.
5. Insurance: ICICI Bank offers various insurance products through its
subsidiaries like ICICI Lombard General Insurance Company and ICICI
Prudential Life Insurance Company. These include health insurance, life
insurance, general insurance, and other related products.
6. Asset Management: Through ICICI Prudential Asset Management Company,
the bank offers mutual funds and other asset management services to retail
and institutional clients.
7. International Banking: This segment covers the bank's operations outside
India, including NRI services, international trade finance, correspondent
banking, and remittances.

These segments reflect ICICI Bank's comprehensive approach to serving diverse

customer needs across retail, corporate, and institutional sectors, both within India and
internationally.

Services Offered

ICICI Bank offers wide variety of Deposit Products to suit your

requirements. Coupled
with convenience of networked branches/ ATMs and facility of E-channels
like Internet
and Mobile Banking, ICICI Bank brings banking at your doorstep. Select
any of its
deposit products and provide your details online and their representative
will contact you for account opening

SAVING ACCOUNTS

ICICI bank offers customers a power packed savings account with a host of
convenientfeatures and banking channels to transact through.So now customers
can bank at their convenience,without the stress of waiting in queues

“LIFE PLUS”Senior citizens savings account

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LIFE PLUS,a special savings account for senior citizens

from ICICI Bank is packed with a host of
benefits,designed keeping your unique financial
requirements in mind.
· Special senior citizens desk to cater to all banking
transactions, so that you don’t wait in queues

SALARY ACCOUNT

Salary Account is a feature rich corporate payroll account with benefits for both corporates
and its
employees.
·The process of drawing cheques for salaries is replaced by
sending a single ASCII file to the bank and the amount is directly
credited into the employees salary account
·Cuts down payroll processing workload
·Salary Account can be opened with minimum 10 employees
·Instant credit of salaries
ICICI Bank Salary Account is a benefit-rich payroll account for Employers and Employees.As
an
organization, you can opt for our Salary Accounts to enable easy disbursements of salaries
and
enjoy numerous other benefits too.With ICICI Bank Salary Accounts your employees will enjoy
the convenience of :
• Having the largest network of ATMs at their command,
• Free 24 hour Phone Banking,
• Free Internet Banking

FIXED DEPOSITS:

Fixed deposits are options which help you grow your money
thus creating wealth in a safer and secure way.
ICICI provides its customers with various kinds of Fixed
deposit facilities that are flexible and cater to customers who
have different needs and wants in their fixed deposits.
ICICI provides a Fixed Deposit that allows customers to
deposit their money for just as long as you wish.

RECURING DEPOSITS
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ICICI Bank Recurring Deposits are an ideal way to invest

small amounts of money every month and end up with a large
kitty on maturity.High recurring billing and recurring
payments can be a drain on your finances and hence large
investments may seem a plan away.
Recurring deposits aims to encourage savings without putting
any stress on customers finances by making them to put a
lump sum amount in fixed deposit in one go.The recurring deposit also attracts high
rate of return

LOANS

Interest rates on home loans have come down considerably in the last
few years. Individuals who opted for housing loans in the years gone
by, are still servicing them at 17% to 21% per annum. Quite a price
to pay, since one can get a loan today for around 12% per annum. In such a case, you
can opt for
a balance transfer. Under this scheme, customers can replace their existing old high
interest loan
by a cheaper (equal to applicable current rates) loan. ICICI Home Finance will not only
finance
the balance amount of outstanding loan but also your prepayment charges to the old
housing
finance company.

CAR LOAN

The NO. 1 financier for car loans in the country. Network of more
than 1500 channel partners in over 780 locations. 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

FARM EQUIPMENT LOAN

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ICICI is the preferred financier for almost all leading

tractor manufacturers in the country.
· ICICI finances farm equipments in over 381 locations
spread across the country.
· Provides fast processing of files with easy documentation.
· Flexible repayment options in tandem with the farmer's
seasonal liquidity.
· Monthly, Quarterly and Half-yearly repayment patterns to
choose from. Comfortable repayment tenures from 1 year to 6 years.

SERVICES

INVESTMENT SERVICES

DematServices
A Demat Account allows employees transact in shares instantaneously in a safe and
secure manner.

ReliefBonds/MutualFunds/Insurance
Salary Account customers can now invest in Government of India relief and savings
bonds, a basket of mutual funds, foreign exchange facilities and Insurance products
through ICICI Bank

GoldCoin
Employees can buy 24 karats Pure Gold, which ICICI Bank brings to you. Each coin
comes to you straight from Switzerland. Refined to 99.99% fine gold and sealed with a
unique Certificate of Authencity- guaranteeing you its purity

GLOBAL PRESENCE

CICI Bank Limited is an Indian multinational bank and financial services company headquartered
in Mumbai with a registered office in Vadodara. Wikipedia

Stock price: ICICIBANK (NSE) ₹1,216.50 -1.50 (-0.12%)

27 Jun, 3:30 pm IST - Disclaimer

Customer service: 1800 1080

CEO: Sandeep Bakhshi (15 Oct 2018–)

Founded: 1994, Vadodara

Headquarters: Mumbai

Subsidiaries: ICICI Lombard, ICICI Prudential Life Insurance, MORE

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Founder: Industrial Credit and Investment Corporation of India

Capital ratio: Tier 1 16.97% (2022)

Area served: worldwide

Number of locations:5,900 (March 2023)

Revenue: 236,037 crore

(US$28 billion) (2024)

Operating income: 64,146 crore

(US$7.7 billion) (2024)

Net income: 44,256 crore

(US$5.3 billion) (2024)

Total assets: 2,364,063 crore

(US$280 billion) (2024)

Total equity: 270,032 crore

(US$32 billion) (2024)

ICICI BANK SHARE PRICE

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Chapter 3

FINANCIAL PERFORMANCE
ANALYSIS

Profit and Loss account as on

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Fiscal year is
April-March. All
values INR
Millions. 2023 2022 2021 2020 2019

Interest Income 12,10,668 9,54,069 8,91,627 8,48,358 7,19,817

Interest
and Fees on 8,79,292 6,68,865 6,02,617 6,09,283 5,08,848
Loans

Interest on
23,055 18,196 18,817 9,074 9,271
Bank Deposits

Other
Interest or
3,08,321 2,67,007 2,70,193 2,30,001 2,01,697
Dividend
Income

Interest
26.90% 7.00% 5.10% 17.86% -
Income Growth

Total Interest
5,05,434 4,11,667 4,26,591 4,46,655 3,91,775
Expense

Interest
Expense on 3,94,765 3,36,133 3,37,197 3,32,243 2,69,952
Bank Deposits

Other
Interest 1,10,668 75,534 89,394 1,14,412 1,21,824
Expense

Intere
st Expense on 13,381 4,402 12,001 21,665 1,21,824
Debt

Other
Borrowed 97,287 71,132 77,393 92,747 -
Funds

Total
Interest
22.78% -3.50% -4.49% 14.01% -
Expense
Growth

Net Interest
7,05,234 5,42,402 4,65,036 4,01,703 3,28,041
Income

Net
Interest Income 30.02% 16.64% 15.77% 22.45% -
Growth

Loan Loss -3,654 63,775 1,10,815 89,627 1,76,114

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Provision

Loan Loss
Provision -105.73% -42.45% 23.64% -49.11% -
Growth

Net Interest
Income after 7,08,888 4,78,627 3,54,221 3,12,075 1,51,927
Provision

Net
Interest Inc
After Loan 48.11% 35.12% 13.50% 105.41% -
Loss Prov
Growth

Net
4.45% - - - -
Interest Margin

Non-Interest
6,51,895 6,19,256 7,23,235 6,54,010 5,91,388
Income

Securities
12,730 23,145 81,257 36,884 24,898
Gain

Trading
Account 30,509 29,933 19,721 16,899 17,838
Income

Trust
Income,
1,96,485 1,72,884 1,42,070 1,41,949 1,26,057
Commissions &
Fees

Comm
ission & Fee 1,96,485 1,72,884 1,42,070 1,41,949 1,26,057
Income

Other
Operating 4,12,171 3,93,294 4,80,186 4,58,278 4,22,595
Income

Non-Interest
8,28,344 7,39,615 7,71,559 7,34,813 6,71,093
Expense

Labor &
Related 1,52,342 1,23,416 1,10,509 1,11,567 94,253
Expense

Equipment
35,156 38,384 32,873 32,446 17,786
Expense

Operating
3,953 8,097 8,842 19,634 28,504
Provisions

Depreciati
on & 15,146 13,300 13,401 11,712 9,458
Amortization
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Other
Operating 6,21,747 5,56,417 6,05,934 5,59,453 5,21,092
Expense

Operating
5,32,439 3,58,268 3,05,897 2,31,271 72,222
Income

Operating
48.61% 17.12% 32.27% 220.22% -
Income Growth

Operating
28.59% - - - -
Income Margin

Non-Operating
Income -13,374 -5,356 1,887 -18,135 781
(Expense)

Miscellane
ous Non
-13,374 -5,356 1,887 -18,135 -22
Operating
Expense

Equity in
Affiliates - - - - 803
(Pretax)

Unusual
56,500 10,500 47,500 27,250 -1,080
Expense

Pretax Income 4,62,565 3,42,413 2,60,283 1,85,886 74,083

Pretax
35.09% 31.55% 40.02% 150.92% -
Income Growth

Pretax
24.83% - - - -
Margin

Income Taxes 1,17,934 84,574 56,644 73,631 17,191

Income
Tax - Current - 1,14,564 74,045 62,612 51,778 48,083
Domestic

Income
Tax - Deferred 3,370 10,530 -5,968 21,853 -30,892
- Domestic

Equity in
9,983 7,544 - - -
Affiliates

Consolidated
3,54,613 2,65,383 2,03,640 1,12,255 56,892
Net Income

Minority
Interest 14,247 14,282 19,796 16,592 14,349
Expense

Net Income 3,40,366 2,51,101 1,83,843 95,663 42,542

Net
35.55% 36.58% 92.18% 124.87% -
Income Growth

Net Margin 18.27% - - - -

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Net Income
After 3,40,366 2,51,101 1,83,843 95,663 42,542
Extraordinaries

Net Income
Available to 3,40,366 2,51,101 1,83,843 95,663 42,542
Common

EPS (Basic) 48.86 36.21 27.26 14.81 6.61

EPS
34.91% 32.84% 84.10% 124.03% -
(Basic) Growth

Basic Shares
6,966 6,934 6,743 6,460 6,436
Outstanding

EPS (Diluted) 47.91 35.49 26.87 14.55 6.54

EPS
(Diluted) 35.00% 32.07% 84.74% 122.55% -
Growth

Diluted Shares
7,105 7,076 6,842 6,567 6,509
Outstanding

Balance sheet as on
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Fiscal year is April-March. All values INR Millions. 2023 2022 2021 2020

Total Cash & Due from Banks 8,80,808 9,36,486 4,63,022 3,53,119

Cash & Due from Banks Growth -5.95% 102.26% 31.12% -35.55%

Investments - Total 63,75,479 56,50,937 53,58,648 44,27,588

Treasury Securities 40,50,596 34,07,100 30,40,599 25,03,640

Other Securities 23,24,883 22,43,837 23,18,048 19,23,947

Investments Growth 12.82% 5.45% 21.03% 54.53%

Net Loans 1,13,22,420 1,00,97,856 89,30,697 79,87,871

Consumer & Installment Loans 28,07,813 24,91,681 20,31,797 19,09,010

Interbank Loans 4,99,531 9,02,372 10,12,948 9,37,445

Foreign Loans 7,29,424 8,02,855 7,87,983 9,98,102

Unspecified/Other Loans 72,85,652 59,00,947 50,97,969 41,43,314

Investment in Unconsolidated Subs. 20,041 20,041 7,139 7,139

Loans - 1 Yr Growth Rate 12.13% 13.07% 11.80% 17.54%

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Loans (Total) / Total Deposits 0.00% 0.00% 0.00% 0.00%

Loans (Total) / Total Assets 0.00% 0.00% 0.00% 0.00%

Net Property, Plant & Equipment 1,09,690 1,06,054 1,08,093 1,04,087

Other Assets (Including Intangibles) 6,49,172 5,27,127 6,66,548 6,93,279

Other Assets 6,48,159 5,26,113 6,65,472 6,92,182

Intangible Assets 1,013 1,013 1,077 1,097

Interest Receivables 1,51,101 1,08,390 1,10,626 1,11,770

Total Assets 1,96,28,614 1,75,63,552 1,57,70,701 1,38,01,931

Assets - Total Growth 11.76% 11.37% 14.26% 11.06%

Return On Average Assets 1.83% - - -

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Comparative income statement

80000

Year

70000 Net interest income

Non-interest income

60000
- Fee income

- Dividend income from

subsidiaries/associates
50000
- Other income

Less:
40000
Operating expense

Core operating profit1

30000
Total net provision

- Contingency
20000 provisions2
- Other provisions

Profit before tax excl.

10000
treasury
Treasury

0 Profit before tax

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Comparative income
statement

Trend graph of ICICI Bank

Ratio analysis
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CURRENT RATIO:
The current ratio is a liquidity ratio that measures a company’s ability to pay short-term
obligations or those due within one year. It tells investors and analysts how a company
can maximise the current assets on its balance sheet to satisfy its current debt and other
payables. It is calculated by:

CURRENT RATIO= CURRENT ASSETS/ CURRENT LIABILITIES

YEAR CURRENT CURRENT CURRENT RATIO

ASSETS LIABILITIES
2019 830932.72 891641.06 0.93
2020 923410.94 1014636.24 0.91
2021 1026316.70 1103839.96 0.92
2022 1174832.93 1252968.47 0.93
2023 1307867.88 1399893.96 0.93

Year 2019 2020 2021 2022 2023

Ratio 0.93 0.91 0.92 0.93 0.93

Current Ratio
1
0.9
0.8
0.7
0.6
0.5
0.4
0.3
0.2
0.1
0
Year 2019 2020 2021 2022 2023

Interpretation
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From the above table we can interpret that the current ratio of ICICI bank has been
constant in the year 2019 at 0.93 and in the year 2023 at 0.93. this is because of the
current assets and current liabilities may have a equal or slight change in the value of the
company

Quick Ratio
The quick ratio measures a company’s ability to quickly convert liquid assets into cash to
pay for its short-term financial obligations. A positive quick ratio can indicate the
company’s ability to survive emergencies or other events that create temporary cash flow
problems. It is calculated by:

QUICK RATIO= LIQUID ASSETS/CURRENT LIABILITIES

YEAR LIQUID ASSETS CURRENT QUICK RATIO

LIABILITIES
2019 38066.28 891641.06 0.042
2020 35311.93 1014636.34 0.034
2021 46302.20 1103839.96 0.041
2022 60228.71 1252968.47 0.480
2023 68648.94 1399893.96 0.049

0.6
Quick Ratio
0.5

0.4

0.3

0.2

0.1

0
Year 2019 2020 2021 2022 2023

Interpretation

From the above table we can interpret that the quick ratio of ICICI bank has increased from 0.042 in th
assets
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Debt equity ratio
Debt to equity ratio is a financial and a liquidity ratio that indicates how much debt and equity a compan

DEBT TO EQUITY RATIO= TOTAL DEBT/TOTAL EQUITY

YEAR TOTAL DEBT TOTAL EQUITY DEBT-TO EQUITY RATIO

2019 891641.06 1289.46 6.91
2020 1014636.24 1294.76 7.84
2021 1103839.96 1383.41 7.98
2022 1252968.47 1389.97 9.01
2023 1399893.96 1396.78 10.02

Year
Ratio

12
Debt equity Ratio
10

0
Year 2019 2020 2021 2022 2023

Interpretation

From the above table we can interpret that the debt-to-equity ratio of the ICICI bank has
increased from 6.91 in the year 2019 to 10.02 in the year 2023. This shows that the bank has
a good grip on its equity and the debts are also under the control.
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Propritary Ratio
Proprietory ratio is a type of solvency ratio that is useful for determining the amount or
contribution of shareholders or proprietors towards the total assets of the business. It is also
known as equity ratio or shareholder equity ratio or net worth ratio. It is calculated by:

PROPRIETORY RATIO= SHAREHOLDER’S FUNDS/TOTAL ASSETS

YEAR SHAREHOLDER’S FUNDS TOTAL ASSETS PROPRIETORY RATIO

2019 111183.41 1235723.90 0.089
2020 119816.70 1374148.87 0.087
2021 154462.22 1570686.97 0.098
2022 178823.99 1749408.89 0.102
2023 211405.96 1955398.66 0.108

Year 2019 2020 2021 2022 2023

Ratio 0.089 0.087 0.098 0.102 0.108

0.12
Propritary Ratio
0.1

0.08

0.06

0.04

0.02

0
Year 2019 2020 2021 2022 2023

Interpretention

From the above table we can interpret that the Proprietory ratio of the ICICI bank has
increased from 0.089 in the year 2019 to 0.108 in the year 2023. This is because of the
increase in the less dependence on debt funds by the company.
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Return on equity ratio

Return on equity (ROE) is the measure of a company’s net income divided by its
shareholder’s equity. ROE is a gauge of a corporation’s profitability and how efficiently it
generates those profits. ROE is calculated by:

RETURN ON EQUITY RATIO= NET INCOME/ TOTAL EQUITY

YEAR NET INCOME TOTAL EQUITY RETURN ON

EQUITY RATIO
2019 5689.16 1289.46 4.41
2020 11225.47 1294.76 8.67
2021 20219.68 1383.41 14.62
2022 25783.83 1389.97 18.55
2023 34463.03 1396.78 24.67

Year 201
Ratio 4.4

Return on equity Ratio

Year
2019
2020
2021
2022
2023

InteI
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Interpretation

From the above table we can interpret that the return on equity ratio of ICICI bank
has increased from 4.41 in the year 2019 to 24.67 in the year 2023. This increase
is because of the equity shares call by the public

Cash Ratio
Cash ratio is a measure of the liquidity of a firm, namely the ratio of the total assets and
cash equivalents of a firm to its current liabilities. The metric calculates the ability of a
company to repay its short-term debt cash or near- cash resources, such as securities
which are easily marketable. It is calculated by:

CASH RATIO= CASH AND CASH EQUIVALENTS/CURRENT LIABILITIES

YEAR CASH AND CASH CURRENT CASH RATIO

EQUIVALENTS LIABILITIES
2019 87390.90 891641.06 0.098
2020 127852.92 1014636.24 0.126
2021 147570.53 1103839.96 0.133
2022 183125.99 1252968.47 0.146
2023 136456.49 1399893.96 0.097

Year 2019 2020 2021 2022 2023

Ratio 0.098 0.126 0.133 0.146 0.097

0.16
Cash Ratio
0.14

0.12

0.1

0.08

0.06

0.04

0.02

0
Year 2019 2020 2021 2022 2023
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Interpretation

From the above table we can interpret that cash ratio of ICICI bank has decreased from
0.098 in the year 2019 to 0.097 in the year 2023. This is because of the sudden increase
in the current liabilities compared to previous years.

Interest coverage ratio

Interest coverage ratio is a debt and profitability ratio used to determine how easily a
company can pay interest on its outstanding debt. The interest coverage ratio is
calculated by:

INTEREST COVERAGE RATIO= EBIT/INTEREST EXPENDED

YEAR EBIT INTEREST INTEREST

EXPENDED COVERAGE
RATIO
2019 44866.70 39177.54 1.15
2020 55890.99 44665.52 1.25
2021 62878.77 42659.09 1.47
2022 66950.50 41166.67 1.63
2023 85006.42 50543.39 1.68

Year 2019 2020 2021 2022 2023

Ratio 1.15 1.25 1.47 1.63 1.68

1.8
1.6 Interest coverage Ratio
1.4
1.2
1
0.8
0.6
0.4
0.2
0
Year 2019 2020 2021 2022 2023
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Interpretation

From the above table we can interpret that the Interest coverage ratio of the ICICI bank
has increased from 1.15 in the year 2019 to 1.68 in the year 2023. This is because the
increase in Earnings before interest and tax (EBIT).

Net profit Ratio

The net profit margin ratioshows the percentage of sales revenue a company keeps
after covering all of its costs including interest and taxes.

Net profit ratio=Net profit/Net sales*100

Year Net profit Net sales Net profit Ratio

2019 3363.30 9409.9 35.74
2020 7930.81 13784.49 57.53
2021 16192.68 22994.29 70.42
2022 23339.49 30788.34 75.80
2023 31896.50 31092.55 102.58

Year 2019 2020 2021 2022 2023

Ratio 35.74 57.53 70.42 75.8 102.58

120
Net profit Ratio
100

80

60

40

20

0
Year 2019 2020 2021 2022 2023

Interpretation
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Although boyh sales and net profit have increased during the above period.But net orofit
is increasing every year

Return on net worth ratio

Return on net worth denotes the profit earning capacity of the company on the
shareholder’s invested amount. RONW is profitabity indicator of a company expressed
in percentage.

Return on net worth=Net income/Shareholder’s equity

Year Net income Shareholder’s Ratio

equity
2019 340366 1396.78 243.67
2020 251101 1389.97 180.65
2021 183843 1383.41 132.89
2022 95663 1294.76 73.88
2023 42542 1289.46 32.99

Year 2019 2020 2021 2022 2023

Ratio 243.67 180.65 132.89 73.88 32.99

300
Return on net worth
250

200

150

100

50

0
Year 2019 2020 2021 2022 2023
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Interpretation

From the above table we can interept that the return on investment is declining by
continuously.

Efficiency Ratio
An efficiency ratio measures a company’s ability to use its assets and manage its assets
and manage its liabilities effectively in the current period or in the short term. It is
calculated by:

EFFECIENCY RATIO=NON-INTEREST EXPENDED/REVENUE

YEAR NON-INTEREST REVENUE EFFECIENCY

EXPENDED RATIO
2019 86439.80 131306.50 0.658
2020 93895.12 149786.10 0.626
2021 98313.43 161192.19 0.609
2022 90585.81 157536.32 0.575
2023 101172.39 186178.80 0.543

0.7
Efficiency Ratio
0.6

0.5

0.4

0.3

0.2

0.1

0
Year 2019 2020 2021 2022 2023
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Interpretation
From the above table we can interpret that the efficiency ratio of the ICICI bank has decreased from 0.
changes in trends and methods.

CHAPTER 4

FINDINGS, RECOMMENDATION AND CONCLUSION

FINDINGS:
PROFITABILITY RATIOS:

Return on Asset Ratio (ROA):

The ROA of ICICI Bank has steadily increased from 0.004 in 2019 to 0.017 in 2023, indicating
improved profitability relative to total assets.

Return on Equity Ratio (ROE):

ICICI Bank's ROE has shown significant growth, rising from 4.41 in 2019 to 24.67 in 2023, indicating
increased profitability relative to shareholder equity

LIQUIDITY RATIO

Current Ratio:
Stable at 0.93 in 2019 and 2023.
Indicates consistent ability to pay short-term obligations

Cash Ratio:
Decreased from 0.098 in 2019 to 0.097 in 2023.
Reflects a slight reduction in cash and cash equivalents relative to current liabilities

Quick Ratio:
Increased from 0.042 in 2019 to 0.049 in 2023.
Indicates improved ability to quickly convert liquid assets into cash for short-term obligations.

SOLVENCY RATIO:
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Debt to Equity Ratio:
Increased significantly from 6.91 in 2019 to 10.02 in 2023.
Indicates a higher dependence on debt financing compared to equity financing over the years

Interest Coverage Ratio:

Improved notably from 1.15 in 2019 to 1.68 in 2023.
Signifies a stronger ability to cover interest payments with earnings before interest and taxes
(EBIT).

Proprietory Ratio:
Increased from 0.089 in 2019 to 0.108 in 2023.
Reflects a higher proportion of shareholder's funds relative to total assets, indicating a stronger
equity position and reduced dependence on debt financing.

EFFECIENCY RATIO:

Trend: Efficiency ratio has decreased steadily from 2019 to 2023.

Quantitative Analysis:
2019: 0.658
2020: 0.626
2021: 0.609
2022: 0.575
2023: 0.543
Reasons for Decline: Changes in trends and methods.
Implications: Potential challenges in resource optimization and cost control, impacting profitability.
Overall, ICICI Bank's financial performance appears robust, with positive trends in profitability and
solvency, stable liquidity, and some fluctuations in efficiency over the study period.
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IIii

CONCLUSION:
In summary, ICICI Bank's financial performance over the past five years has shown positive trends
across key metrics. Profitability ratios have improved consistently, indicating efficient asset utilization
and sound management. While liquidity remains stable, slight declines in efficiency ratios suggest the
need for optimization in operational practices. However, the bank has demonstrated a strong net
interest margin and improved interest coverage ratio, enhancing financial stability. Overall, ICICI
Bank's performance reflects resilience and adaptability in a dynamic financial landscape, highlighting
the need for continued monitoring and adaptation to ensure sustained growth and long-term success
in the banking industry