15-05-2012, 01:24 PM
icici bank
Shivaraj Final Report.docx (Size: 197.5 KB / Downloads: 43)
INTRODUCTION
Objective of Study
The main objectives of this project are the following:
To Study about Fundamental Analysis as a Whole.
To Study about Different Sectors Fundamental Analysis.
To know the risk & return associated with Different Sectors.
Company Profile
ICICI BANK:
ICICI Bank is India’s second-largest bank with total assets of 363866.83 Crores at March 31, 2010.and profit after tax of Rs. 41.58 billion for the year ended March 31, 2010
. ICICI Bank is the most valuable bank in India in terms of market capitalization and is ranked second
Amongst all the companies listed on the Indian stock exchanges.
In terms of free float market capitalization*.The Bank has a network of about 1308
Branches and 3,950 ATMs in India and presence in 18 countries. ICICI Bank offers a wide range of banking products and financial services to corporate and retail customer through a variety of delivery channels and through its specialized subsidiaries and affiliates 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 Singapore, Bahrain, Hong Kong, Sri Lanka and Dubai International Finance Center and representative offices in the UnitedStates, United Arab Emirates, China, South Africa, Bangladesh, Thailand, Malaysia and Indonesia. UK subsidiary has established a branch in Belgium.ICICI Bank's
Equity shares are listed in India on Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) of India Limited and its American Depositary Receipts (ADRs) are listed on the New York Stock Exchange (NYSE).
HISTORY:
ICICI Bank was originally promoted in 1994 by ICICI Limited, an Indian financial institution, and was its wholly owned subsidiary. ICICI's shareholding in ICICI Bank was reduced to 46% through a public offering of shares in India in fiscal 1998, an equity offering in the form of ADRs listed on the NYSE in fiscal 2000, ICICI Bank's acquisition of Bank of Madura Limited in an all Stock amalgamation in fiscal2001, and secondary market sales by ICICI to institutional investors in fiscal 2001 and fiscal 2002. ICICI was formed in 1955at the initiative of the World Bank, the Government of India and representatives of Indian industry. The principal objective was to create adevelopmentfinancial institution for providing medium-term and long-term project financingto Indian businesses.In the 1990s, ICICI transformed its business from adevelopment 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. In1999, ICICI become the first Indian company and the first bank or financial institution from non-Japan Asia to be listed on the NYSE.After consideration of various corporate structuring alternatives in the context of the emerging competitive scenario in the Indian banking industry, and the move towards universal banking, the managements of ICICI and ICICI Bank formed the view that the merger of ICICI with ICICI Bank would be the optimalstrategic alternative for both entities, and would create the optimal legalstructure for the ICICI group's universal banking strategy. The merger would enhance value for ICICI shareholders through the merged entity's access to low-cost deposits, greater opportunities for earning fee-based income and the ability to participate in the payments system and provide transaction-banking services. The merger would enhance value for ICICI Bank shareholders through a large capital base and scale of operations, seamless access to ICICI's strong corporate relationships built up over five decades, entry into new business