11-08-2012, 04:50 PM
ICICI BANK HOME LOANS
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OVERVIEW Of ICICI BANK
INTRODUCTION
ICICI was formed in 1955 at the initiative of the World Bank, the Government of India and representatives of Indian industry. The principal objective was to create a development financial institution for providing medium-term and long-term project financing to Indian businesses. 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 was originally promoted in 1994 by ICICI Limited, an Indian financial institution, and was its wholly owned subsidiary. In 1999, ICICI launched retail finance - car loans, house loans and loans for consumer durables. In 2001, the Boards of ICICI Ltd and ICICI Bank approved the merger of ICICI with ICICI Bank. After the merger of ICICI Limited, ICICI Capital Services Ltd and ICICI Personal Financial Services Limited with ICICI Bank, the ICICI group's financing and banking operations, both wholesale and retail, have been integrated in a single entity.
BUSINESS PROFILE
ICICI Bank caters to a wide range of banking services covering commercial and investment banking on the wholesale side and transactional / branch banking on the retail side. The Bank has three key business areas: -
a) Wholesale Banking Services:
The Bank’s target market is primarily large, blue chip manufacturing Companies in the corporate sector and to a small extent, emerging mid-sized corporate. For these corporate, the Bank provides a wide range of banking services, including capital finance, trade services, transactional services, cash management, etc.
b) Retail Banking Services:
The objective of the Retail Bank is to provide a full range of products and banking services, giving the customer a one-stop window for all his banking requirements. The Bank also operates a wide array of retail loan products including Loans against shares, Auto Loans, Personal Loans and Loans for Consumer Durable and Two-wheelers.
c) Treasury Operations:
Within this business, the bank has three main product areas – FOREIGN exchange and Derivatives, Local Currency Money Market & Debt Securities, and Equities.
HOME LOANS
ICICI Bank is the No. 1 Home Loans provider in the country and offers some of the best & unbeatable benefits to its customers - Doorstep Service, simplified Documentation and Guidance throughout the process.
INTERPRETATION OF THE DATA
The selection of an appropriate statistical tool helps in carrying out interpretation of findings. Interpretation provides specific meaning to the data and helps them into information. By the graphs and tables of the ICICI bank and other banks, the collected data will be analyzed and interpreted.