SUBMITTED BY: Abhishek Sharma (IU2252000050), Upasana Makkad(IU2252000040), Mahek

Sampat(IU2255550242), Jayshree Bhanushali(IU2252000040), Shivangi Soni(IU2255550191)

SUBMITTED TO: Dr. Rajesh Ojha Sir

 CONTENTS
Sr. No. Content Page No
1. History---------------------------------------------------------------3
2. Introduction---------------------------------------------------------4
3. Banking services on social media---------------------------------5
4. Compressive digital wallet----------------------------------------6
5. Role in Indian Financial Infrastructure--------------------------7
6. Acquisitions--------------------------------------------------------10
7. Subsidiaries --------------------------------------------------------11
8. Financial Assistance-----------------------------------------------12
9. Payment Solutions-------------------------------------------------13
 • History:
ICICI Bank Limited is an Indian financial services company with its registered office
in Vadodara, Gujarat.

ICICI Bank was established in 1994 by the Industrial Credit and Investment Corporation

of India, an Indian financial Institution, as a wholly owned subsidiary.

The bank was Initially known as the Industrial Credit and Investment Corporation of
India, before it changed its name to abbreviated ICICI Bank.

The parent company was formed in 1955 as a joint venture of the World Bank, India’s
public-sector banks and public-sector insurance companies to provide project financing
 • Introduction to ICICI Bank:
 ICICI Bank Limited is an Indian financial services company which offers a wide range of
banking products and financial services for corporate and retail customers.

The bank has subsidiaries in the United Kingdom and Canada; branches in United
States, Singapore, Bahrain, Hong Kong, Qatar, Oman, Dubai International Finance Centre,
China and South Africa; as well as representative offices in United Arab
Emirates, Bangladesh, Malaysia and Indonesia.

Founded on: 5January 1994

Headquarters: Vadodara, Gujarat
(Registered Office)
• Banking Services on Social Media:

First bank in India to launch Facebook Banking

• Financial transactions on Facebook
• Only bank to offer NRI remittance through
Facebook
• Highest fan base among banks: over 3.9
million

First bank in Asia & second globally to launch

Twitter
Banking
• Introduced transfer of funds on Twitter
• Comprehensive Digital Wallet:

Pockets was launched

on 10 Feb 2015
Over 1 million
downloads in four
months

~ 6 0 % of downloads by non-ICICI Bank

 • Role in Indian Financial Infrastructure:

• ICICI bank has contributed to the setting up of a number of Indian institutions to

establish financial infrastructure in the country over the years:

The National Stock Exchange was promoted by India's leading financial institutions

(including ICICI Ltd.) in 1992 on behalf of the Government of India with the objective of
establishing a nationwide trading facility for equities, debt instruments and hybrids, by
ensuring equal access to investors all over the country through an appropriate
communication network.

In 1987, ICICI Ltd along with UTI set up CRISIL as India's first professional credit rating
agency.


 • Role in Indian Financial Infrastructure:

 ICICI Bank facilitated the setting up of "FINO Cross Link to Case Link Study" in 2006, as
a company that would provide technology solutions and services to reach the underserved
and under banked population of the country. Using technologies like smart
cards, biometrics and a basket of support services, FINO enables financial institutions to
conceptualize, develop and operationalise projects to support sector initiatives
in microfinance and livelihoods.

Entrepreneurship Development Institute of India (EDII), was set up in 1983, by the

erstwhile apex financial institutions like IDBI, ICICI, IFCI and SBI with the support of
the Government of Gujarat as a national resource organization committed to
entrepreneurship development, education, training and research.

Eastern Development Finance Corporation (NEDFI) was promoted by national level

 • Role in Indian Financial Infrastructure:

 Following the enactment of the Securitization Act in 2002, ICICI Bank, together with
other institutions, set up Asset Reconstruction Company India Limited (ARCIL) in 2003.
ARCIL was established to acquire non-performing assets (NPAs) from financial institutions
and banks with a view to enhance the management of these assets and help in the
maximization of recovery.

ICICI Bank has helped in setting up Credit Information Bureau of India Limited (CIBIL),
India's first national credit bureau in 2000. CIBIL provides a repository of information
(which contains the credit history of commercial and consumer borrowers) to its members
in the form of credit information reports.
 • Acquisitions:

1996: ICICI Ltd. A diversified financial institution with headquarters in Mumbai.

1997: ITC Classic Finance. incorporated in 1986, ITC Classic was a non-bank financial

firm that engaged in hire, purchase and leasing operations. At the time of being
acquired, ITC Classic had eight offices, 26 outlets and 700 brokers.
1997: SCICI (Shipping Credit and Investment Corporation of India)
1998: Anagram (ENAGRAM) Finance. Anagram had built up a network of some 50
branches in Gujarat, Rajasthan, and Maharashtra that were primarily engaged in
the retail financing of cars and trucks. It also had some 250,000 depositors.
2001: Bank of Madura

 • Subsidiaries:

-------------------------------------------------------
 Domestic:  International:

ICICI Prudential Life Insurance Company Limited ICICI Bank Canada

ICICI Lombard General Insurance Company ICICI Bank UK PLC
Limited ICICI Bank USA
ICICI Prudential Asset Management Company ICICI Bank Germany
Limited ICICI Bank Eurasia Limited Liability
ICICI Prudential Trust Limited Company
ICICI Prudential Pension Funds Management ICICI Securities Holdings Inc.
Company Limited ICICI Securities Inc.
ICICI Direct ICICI International Limited
ICICI Securities Limited
ICICI Securities Primary Dealership Limited

 • Financial Assistance of ICICI:

 The ICICI provides financial assistance to the public in the following ways:

1. Sale of industrial securities and underwriting of public issues.

2. Direct subscription to securities
3. Securing loans in rupees payable over a period of up to 15 years.
4. Providing loans in foreign currency for the ease of payment of imported capital
equipment and such technical services.
5. Guarantee on payment for credits made by others.
6. It provides financial services like leasing, asset credit, and installment sale.
7. Assistance in the formation, development, and modernization of business in the non-
public sector.
 • Payment Solutions (1/2):

First bank in India to launch contactless debit/credit cards

• Over 1,100 NFC1 terminals deployed across 800
merchants in Mumbai, Hyderabad & Gurgaon
• Comprehensive roll out plan being
implemented for developing terminal eco-
First banksystem
in India& to
issuing cards across
launch India
transit card
solutions
for metro & bus transport
• Transit Metro solutions
• Debit & credit cards with NFC1 metro smart card chip
• Auto-top up facility
• Easy recharge using SMS/internet
13
 • Payment Solutions (2/2):

India’s first bank to implement interoperable electronic

toll
collection
• Prepaid RFID1 tags for vehicles for
electronic toll collection
• Developed central clearing house
to process the toll payments
• Implemented on Mumbai-Delhi
Corridor & Mumbai-Pune
1. Radio frequency Expressway 14
 ICICI BANK LTD - FINANCIAL RESULTS

PARTICULARS JUN 2021 JUN 2020 % CHG

NET SALES 23097.28 22422.71 3.01

OTHER INCOME 15755.32 15516.61 1.54

TOTAL INCOME 38852.6 37939.32 2.41

TOTAL EXPENSES 22100.27 22005 0.43

OPERATING PROFIT 16752.33 15934.32 5.13

NET PROFIT 4976.82 3586.91 38.75

EQUITY CAPITAL 1385.22 1295.41 -

 • Overall Summary:

ICICI Bank is India's largest private sector bank by consolidated assets. The bank has
focused on its strategic objective of risk calibrated profitable growth.

ICICI Bank is the 1st bank to launches many services like facebook & twitter banking and
many others.

ICICI Bank has performed a major role in Financial Infrastructure of the country.

ICICI Bank is the largest banking group in India along with more than its subsidiaries in
19 countries.

 ICICI Bank provides a wide array of banking products and financial services to its
customers.