Industrial credit and investment corporation-

1955
An initiative of World Bank, government of
India and representatives Indian industries.

To create a developmental financial institution

for providing medium-term and long term
project financing to Indian businesses.
 During 1997-98, ICICI announced three mergers:
SCICI (Shipping credit and investment corporation of India)
- Strength in infrastructure financing, and in the shipping line of credit
which formed 27% of SCICI`s business.
ITC Classic finance Ltd
- Non banking financial arm of ITC Ltd
- ITC Ltd Was desperately scouting for a buyer for ITC classic, which had
accumulated losses of over Rs 300 crore.
- As a pre condition to merger, ITC had committed to inject Rs 350 crore into
ITC classic by way of preference capital of 20 years maturity, carrying a
nominal dividend.
Anagram
- Retail portfolio of Anagram, active in lease and high purchase, car finance,
truck finance and consumer finance attracted ICICI.
Improvements branche franchisees Depositor base
s
ITC Classic 10 12 7,00,000
Anagram 50 -- 2,50,000
ICICI Bank- Bank of Madura Merger
• ICICI bank- 1994
• A new generation private sector bank
• First Indian bank to be listed on New York stock
exchange
• By 2002, total assets of about $79 billion , a network
over 950 branches, 3500 ATMs and 24 million
customers.
• US $ 81 billion at March 31, 2010, network of 2,506
branches and 5,808 ATMs in India, and has a presence
in 19 countries
• Bank of Madura- 1943
• South Indian bank
• Track record of 57 years and strong brand name.
• Profitable , well capitalized private sector bank
• Had low cost of deposits, at 7.3% and high
return on equity, 21.3 %
• Total assets of Rs 39.88 billion and deposits of rs
33.95 billion at the time of merger
 Outcomes of the merger:
• Enhanced customer base in south India, geographical base, and
shareholder value
• ICICI bank became richer by 260 branches, 2500 personnel,
deposit base of around Rs 37 crore
• With combined assets of Rs 16,000 crore- amongst the largest
private sector bank in India, with strong financial and operational
structure which have given greater capability for
resource/deposit mobilisation.
• Cross selling of products and services of ICICI group
• Enabled ICICI bank to provide ATMs, phone and internet banking
• Access to 87 rural and 88 semi urban branches.
• Microfinance activities through self-help groups and agricultural
sectors under its priority sector initiatives.
 Reverse Merger of ICICI with ICICI bank- 31st
March 2002
• Reasons ???
• Aimed at becoming a universal bank and the reverse merger
made it the second largest bank in India with an asset base
of over Rs 95,000 crore
• Merger brought development institutions (IDBI, ICICI-
created to meet financial requirements of of Indian Industry)
into domain of retail banking.
• ICICI bank wanted to wipe its huge portfolio of bad assets
and make retail account for 45% of the total loans.
• K V Kamnath`s univeral banking project was internally code
named PROJECT DREAM.
Merger of two wholly subsidiaries of ICICI- ICICi
personal financial services and ICICI capital
services- 2002
Elements of New strategy focuses on issues:
• Aggressive capital management
• Optimal size
• Technology intensive multi channe delivery architecture
• World class skill bases
• Enduring customer relationships
ICICI group today - a virtual universal bank
Retail Financial Corporate Financial
Internet Services
Services • B2B
ICIC • Consumer Finance ICIC
I Portals I
• Web Trade
ICICI • Venture Capital ICICI
Bank Bank
ICICI ICICI
Capital Securities
ICICI ICICI
Prudential Brokerage
ICICI Web ICICI
Trade Technology Platforms Venture
• Payment Gateway ICICI
ICICI • Customer Relationship
PFS Management
Infotech
ICICI • Financial Vertical ICICI
Home • Web Technologies Lombard

… based on key building blocks present across the group

10