Sbi V/S Icici

COMPARATIVE STUDY OF PRIVATE AND PUBLIC SECTOR
BANks
History
ICICI BANK
ICICI Bank started as a wholly owned subsidiary of ICICI Limited,an Indian

financial institution, in 1994. Four years later, when the company offered ICICI
Bank's shares to the public, ICICI's shareholding was reduced to 46%. In the year
2000, ICICI Bank offered made an
equity offering in the form of
ADRs on the New York Stock
Exchange(NYSE), thereby becoming the first Indian company and the first bank
or financial institution from non-Japan Asia to be listed on the NYSE. In the next
year, it acquired the Bank of Madura Limited in an all-stock amalgamation. Later
in the year and the next fiscal year, the bank made secondary market sales to
institutional investors.
With a change in the corporate structure and the budding competition in the Indian
Banking industry, the management of both ICICI and ICICI Bank were of the
opinion that a merger between the two entities would prove to be an essential step.
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It was in 2001 that the Boards of Directors of ICICI and ICICI Bank sanctioned the
amalgamation of ICICI and two of its wholly-owned retail finance subsidiaries,
ICICI Personal Financial Services Limited and ICICI Capital Services Limited,
with ICICI Bank. In the following year, the merger was approved by its
shareholders, the High Court of Gujarat at Ahmadabad as well as the High Court of
Judicature at Mumbai and the Reserve Bank of India.
Present Scenario
ICICI Bank has its equity shares listed in India on Bombay Stock Exchange and
the National Stock Exchange of India Limited. Overseas, its American Depositary
Receipts (ADRs) are listed on the New York Stock Exchange (NYSE). As of
December 31, 2008, ICICI is India's second-largest bank, boasting an asset value
of Rs. 3,744.10 billion and profit after tax Rs. 30.14 billion, for the nine months,
that ended on December 31, 2008.
Branches & ATMs
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ICICI Bank has a wide network both in Indian and abroad. In India alone, the bank
has 1,420 branches and about 4,644 ATMs. Talking about foreign countries, ICICI
Bank has made its presence felt in 18 countries - United States, Singapore,
Bahrain, Hong Kong, Sri Lanka, Qatar and Dubai International Finance Centre and
representative offices in United Arab Emirates, China, South Africa, Bangladesh,
Thailand, Malaysia and Indonesia. The Bank proudly holds its subsidiaries in the
United Kingdom, Russia and Canada out of which, the UK subsidiary has
established branches in Belgium and Germany.
SBI BANK
The evolution of State Bank of India can be traced back to the first decade of the
19th century. It began with the establishment of the Bank of Calcutta in Calcutta,
on 2 June 1806. The bank was redesigned as the Bank of Bengal, three years later,
on 2 January 1809. It was the first ever joint-stock bank of the British India,
established under the sponsorship of the Government of Bengal. Subsequently, the
Bank of Bombay (established on 15 April 1840) and the Bank of Madras
(established on 1 July 1843) followed the Bank of Bengal. These three banks
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dominated the modern banking scenario in India, until when they were
amalgamated to form the Imperial Bank of India, on 27 January 1921.
An important turning point in the history of State Bank of India is the launch of the
first Five Year Plan of independent India, in 1951. The Plan aimed at serving the
Indian economy in general and the rural sector of the country, in particular. Until
the Plan, the commercial banks of the country, including the Imperial Bank of
India, confined their services to the urban sector. Moreover, they were not
equipped to respond to the growing needs of the economic revival taking shape in
the rural areas of the country. Therefore, in order to serve the economy as a whole
and rural sector in particular, the All India Rural Credit Survey Committee
recommended the formation of a state-partnered and state-sponsored bank.
The All India Rural Credit Survey Committee proposed the take over of the
Imperial Bank of India, and integrating with it, the former state-owned or stateassociate banks. Subsequently, an Act was passed in the Parliament of India in May
1955. As a result, the State Bank of India (SBI) was established on 1 July 1955.
This resulted in making the State Bank of India more powerful, because as much as
a quarter of the resources of the Indian banking system were controlled directly by
the State. Later on, the State Bank of India (Subsidiary Banks) Act was passed in
1959. The Act enabled the State Bank of India to make the eight former Stateassociated banks as its subsidiaries.
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The State Bank of India emerged as a pacesetter, with its operations carried out by
the 480 offices comprising branches, sub offices and three Local Head Offices,
inherited from the Imperial Bank. Instead of serving as mere repositories of the
community's savings and lending to creditworthy parties, the State Bank of India
catered to the needs of the customers, by banking purposefully.
CONCLUSION
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The topic overall comparisons between private sectors banks and public sector
banks which consists industrial credit investment Corporation of India (ICICI)
bank from private sector banks and State bank of India (SBI) from public sector
banks.
Private sector banks were formed since beginning of banking system in India. But
public sectors banks were formed during nationalizations in 1969.
Private sector banks:

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Private banking in India was practiced since the beginning of banking system in
India. The 1st private bank in India to be set up in private sector banks in India was
IndusInd bank. It is one of the fastest growing private sector banks in India. IDBI
ranks the tenth largest development bank in the world as private banks in India and
has promoted world class institution in India.
The 1st private bank in India to receive an in principle approval from the
reserve bank of India was Housing Development Finance Corporation Limited, to
set up bank in the private sector banks in India as part of the RBIs liberalization of
the Indian Banking Industry. It was incorporated in August 1994 as HDFC Bank
Limited with registered office in Mumbai and commenced as Scheduled
Commercial Bank in January 1995.
ING Vysya, yet another Private Bank of India was incorporated in the year
1930.Bangalore has a pride of place for having the first branch inception in the
year 1934. With successive years of patronage and constantly setting new
standards in banking, ING Vysya Bank has many credits to its account. HDFC
Bank, ICICI Bank, IDBI Bank, karur Vysya bank, Bank of Rajasthan, catholic
Syrian bank, Bank Centurion, City union bank, Dhanalakshmi Bank, ING Vysya
Bank.
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Public Sector Banks in India:
Among the Public Sector Banks in India, United Bank of India is one of the 14
major banks which were nationalized on July 19, 1969.
Its predecessor in the public sector banks, the United Bank of India Ltd, was
formed in 1950 with the amalgamation of four banks viz. Comilla Banking
Corporation Ltd (1914), Bengal Central Bank ltd (1918), Comilla Union Bank Ltd
(1922) and Hooghly Bank Ltd.l (1932).
Oriental Bank of Commerce (OBC) , a government of India undertaking offer
domestic, NRI and commercial banking service s.
OBC is implementing a GRAMEEM PROJECT in Dehradum District (UO) and
Hanumangarh District (Rajasthan) disbursing small loans.
This Public Sector Bank India has implemented 14 point action plan for
strengthening of credit delivery to women and has designated 5 branches.
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SR.NO
PUBLIC SECTOR BANKS
1.
Allahabad bank
2.
Andhra bank
3.
Bank of India
4.
Bank of Maharashtra
5.
Canara bank
6.
Central bank of India
7.
Corporation bank
8.
Dena bank
SR.NO.9.
PRIVATE
SECTOR
IDBI
limited BANKS
10.
Indian bank
11.
Indian overseas bank
12.
Oriental bank of commerce
13.
Punjab & Sind bank
14.
Punjab National bank
15.
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State bank
of India
16.
Syndicate bank
17.
Union bank of India

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1.
Bank of Punjab
2.
ICICI bank
3.
Centurion Bank
4.
IDBI bank
5.
Bank of Rajasthan
6.
Axis bank
7.
Laxmi Vilas Bank
8.
Federal bank
9.
Ing Vysya bank
10.
Karnataka bank
11.
City union bank
12.
Catholic Syrian bank
13.
DSFC bank
14.
United western bank
15.
Ratnakar bank
16.
Cosmos bank
DEPOSITS SCHEMES
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1.ICICI BANK:
ICICI Bank offers wide variety of deposit products to suit your requirement.
Convenience of networked branches/ ATMs and facility of E-channels like Internet
and Mobile Banking, select any our deposit products and provide your details
online and our representative will contact you.
Saving Account:
A saving account for everyone with a host of convenient features and banking
channels to transact through. So now you can bank at your convenience, without
the stress of waiting in queues. We service saving accounts with 8 to 8 banking and
out of branch banking. For Saving Account.
Life Pulse Senior citizen Saving Account:
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We understand that a Saving Account needs to do after you reach the age of
seniority; we understand your concerns for safety and security. We have ideal
Saving Bank Service for those who are 60 years and above. Senior Citizen Service
from ICICI Bank has several advantages that are tailored to bring more
convenience and enjoyment in your life.
Young Stars Saving Account:
Its really important to help the value of finances and money management at an
early age. Banking is a serious business, but we make banking is a serious
management at an early age. Banking is serious business, but we make banking a
pleasure and at the same time fun. Children learn how to manage their personal
finances. For Young Stars Savings Account.
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Fixed Deposits:
Safety, Flexibility, Liquidity and Returns!!!... A combination of unbeatable features
of the Fixed Deposits from ICICI Bank. To check our current rates and experience
the convenience of an ICICI Bank Fixed Deposits.
Easy Receive Savings Account:
Easy receive account is a unique saving account that caters to domastic banking
needs, while offering additional benefits for remittances received in the account
from abroad. For Easy Receive Saving Account.
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2. SBI:
(DEPOSIT SCHEMES)
Whatever your needs an investment of your surplus funds or to create a fund for
your childrens education and marriage. You will find a product from SBI that suits
your requirement, delivered at a branch close to you.
Open an account with any of our branches, all of them are fully computerized, and
realize the advantage of our vast network. Place funds in Multi Option Deposit
Scheme, a term deposit which is not fixed at all and comes with a unique break up
facility which provides you full liquidity as well as benefits of higher rates of
returns, through your savings bank account. Alternately, keep that deposit intact by
availing an overdraft facility, to meet your occasional temporary funds
requirements.
Want to build up saving slowly? Discover our Recurring Deposit Account. You can
save a little every month to build up the desired corpus to meet your future
requirement of funds.
Our products are designed with flexibility to suit your personal requirements.
Enjoy 24 hrs banking facility through our internet banking / widest networking of
ATMs.
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Current Account
Saving Plus Account
Saving Bank Account
Basic Banking No Frill Account
Term Deposits
Recurring Deposit Account
Special Term Deposits
Premium Saving Account
Multi Option Deposit Scheme
Rate of interest on Domestic Term

Deposits
Scheme
SBI Tax Savings Scheme,2006
Experience a whole new world of Personal Banking Branches (PBB) often dubbed
as boutique branches by others. Customer friendly knowledgeable staff will cater
to your financial requirements with speed and efficiency in an excellent ambience.
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To PBBs have different minimum thresholds for custormers business to ensure the
exclusive level of service.
2.Recurring Deposits:
ICICI BANK:
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 seem a plan away. Let us help you in processing your recurring
payment through our recurring billing software that keeps tarck of your
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investments with us. This can be easily availed of through a recurring account
online that comes with letting us serve you through Internet banking. You may
even transfer fund through Internet banking into your recurring account.
Features:
With our recurring deposits you can avail a host of facilities with ICICI Bank. You
may check on recurring account receivable, recurring account payble, recurring
account fees and all recurring debit account transactions. A recurring deposit
account with ICICI Bank allows you a loan against the deposit. Our new recurring
deposit account also has a special feature non applicability of tax deduction at
source (TDS). The minimum balance of deposit is Rs.500 per month and thereafter
in multiples of Rs 100. The tenure ranges from 6 months to maximum period,
recurring deposit of 3 months thereafter.
SBI :
Recurring deposit:
Want to create a fund for your childrens education or marriage or to buy a car or
for a dream holiday? Whatever may be your financial goals, through our recurring
deposit scheme you can save a little every month so that at the time of need you
have sufficient funds to achieve your financial goals. Recurring deposit provides
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you the set aside a small amount every month and earn at compounded rates of
interest.
Wide Choice in period of Deposit:
Flexibility in period of deposit with maturity ranging from 12 months to
120 months.
Low minimum monthly deposit amount.
You can start a recurring deposit with SBI for a monthly installment of
Rs.100/- only
SBI Term Deposit Rates Apply:
Check out our interest rate online or simply email through our helpline.
Choose the amount you wish to invest and the maturity period.
Safety:
We understand the value of your hard earned money and continue to deliver on our
promise of safety and security over two centuries.
Liquidity:
Loan / overdraft facility: You can avail a loan / overdraft against your deposits
provides you loan / overdraft upto 90% of your deposit amount at nominal cost.
Transferability:
Transfer of recurring deposit accounts between our wide networks of branches
without any charge.
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Other Benefits:
Nomination facility Available
Regular Installment to your Account

Save in your account through Fixed Monthly Installments.
Monthly Installments can be deposited on any working day of the
month.
Delayed monthly installments attract penalty.
Installments payable in multiples of Rs. 10/-
Free Fund Transfer:

Free transfer of your funds through standing instructions from Current or Savings
Bank Account to your Recurring Deposit Account every month for the payment of
your installments, so that you do not have to worry about regular payments.
3.Fixed Deposits:
ICICI Banks:
Wide range of tenures.
Choice of investment plans.
Partial withdrawal permitted.
Safe custody of fixed deposit receipts.
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Auto renewal possible.
Loan facility available.
You can deposit any amount of money in our Fixed Deposit for as long as
you wish between 15 days to 10 years.
All fixed deposits come with a set choice of investment plans. Fixed Rate
Deposit accounts also provide Fixed Loans. In other words, Re-investment
Plans are compounded over traditional deposits and hence are more lucrative
over different time periods.
Benefits:
Fixed Deposits at ICICI Bank comes with nomination facility. We also offer
online access to your fixed deposits through our internet banking channel. Internet
banking at ICICI Bank allows you to connect your credit card, loan and your fixed
deposit with your saving account. The interest is compounded quarterly.
Traditional term deposits provide tax shelters and shield you from factors
affecting fixed deposits in India over longer periods of fixed time.
SBI:
FIXED DEPOSITS:
Now you earn a higher income on your surplus funds by investing those with us.
We provide security, trust and competitive rate of interest.
Flexibility in period of term deposit from 15 days to 10 years.
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Affordable low Minimum Deposits Amount : You can open a term deposit
with SBI for a nominal amount of Rs.1000/- only
Please check our interest rate online or simply email through or helpline.
Flexibility in choosing the amount you wish to invest and the maturity
period.
Highlights:
Safety: - We understand the value of your hard earned money and continue to
deliver on our promise of safety and security over 200 yrs.
Liquidity:
Loan / overdraft facility: You can avail a loan / overdraft against your
deposit.SBI provides you loan / overdraft upto 90% of your deposit amount at
nominal cost. So you continue to earn interest in your deposit and still can meet
your urgent financial requirements.
Premature Withdrawal:
Interest to be charged on premature withdrawal of term deposits at 1.00% below
the rate application for the period deposit has remained with the bank.
Transferability: Transfer of term deposits between our wide networks of branches
without any charge.
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Compounding /flexible / timely payment of interest: Under our special term
deposit scheme, interest accrues in your account and gets compounded quarterly.
Besides as, we assures timely delivery of the proceeds of your deposit with
interest, on maturity. Flexibility of payment on maturity through cash (subject to
prevalent income tax Act), bankers cheque, credit in savings bank /current
account.
Term deposits are available at all SBI branches.
Easy and convenient access of 24*7 information at SBI internet baking.
Nomination facility Available.
Tax Implications:
Tax Deductible at source, as per income Tax Act.
Automatic Renewals:
There is no need for you to keep track of the maturity of your deposits. Your
deposits with us will be renewed automatically, post maturity. And you continue to
earn interest for same period as that of your matured deposit.
1.
Corporate salary account:
ICICI BANK:
ICICI Bank salary account is a benefit rich payroll account for employers and
employee. With ICICI Bank Salary Accounts for employees:
Having the larger network of ATMs at their command,
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Free twenty four hrs phone banking,
All you would require to do is to send ICICI Bank an advice ( in form of a

cheque / debit instruction, etc ) for the total salary amount along with the
salary details of the designated employees in soft and hard copy format and
we will credit the respectively employees.
Advantages to employees:
Your employees automatically become ICICI Bank Salary Account holders with
special benefits and privileges and receive instant salary credit. The benefits
include International debit card, corporate card with I individual Liability
(CCIL),access to Phone Banking and Internet Banking. Demat accounts, and a
host of other services to compliment their savings account.
Here are some of the features of ICICI Bank Salary Account:Advantages Employers: 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 ,
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Free Internet Banking.
All you would require to do is to send ICICI Bank an advice (in form of a
Cheque /debit instruction, etc) for the total salary amount along with the salary
details of the designated employees in a soft and hard copy format and we will
credit the respective employees accounts as per your statement of advice.
ICICI Bank Salary Accounts benefits you in more than one ways:
Reduces your paperwork.
Saves remittance costs.
Employees receive instant credit of salaries.
More convenient than ECS.
Besides all of the above, employees will automatically become ICICI Bank
account holders with special benefits and privileges of 8-8 banking,
Investment advisory and much more..
ICICI Bank also has a special offering: Defense Banking Services designed
exclusively for the armed forces
SBI:(CORPORATE SALARY ACCOUNT):

SBI Presents a new attractive products for employees of Corporate & Institution.
BENEFITS TO THE EMPLOYER
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Provides a convenient way to manage salaries across a large number of
centers through Core Power.
Reduces employers paperwork and salary administration cost.
Employees receive instant credit of salaries.
BENEFITS TO THE EMPLOYEES:
Employees will enjoy convenience of Anywhere Banking largest network of
Core Banking Branches presently numbering 11400 plus across the country.
Extensive alternative channels.
8500 plus ATMs of State Bank Group. Free Internet Banking
Zero Balance Account facility
Retain same account number even when the account is transferred to another
branch.
Free Multi City Cheques /SMS Alert /e-statement/internet banking.
Easy overdraft upto 2months salary repayment extendable to 6 months.
Anywhere banking facility/ widest network of branches.
Range of other value added benefits.
5.Current Account
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ICICI BANK :
Current Account: ICICI Bank Current Account supports unlimited cash
withdrawals and deposits along with unlimited Cheque book facility. It is ideal for
a businessman or a stockiest, joint stock companies or partnership firms, public
authority or public corporation
ICICI Bank Current Account include multicity Cheque payment facility, DD and
Pay Orders, funds transfer , internet, mobile banking, anywhere banking, doorstep
banking and statements, advices, daily statements through e-mails.
Made 2 Order Current Account: In this current account, the customer is allowed
to have total flexibility in QAB (Quarterly Average Balance) that enables the
customer to have a customized current account. Based on the QAB, ICICI bank
offers various facilities free of cost to the customer.
Roaming Account: ICICI: Bank Roaming Current Account comes with MCC and
LCC services with access to over 500 network branches of ICICI bank spread
across the country. The benefits of ICICI Bank Roaming Current Account are
multicity Cheque, upcountry Cheque, pay orders, demand drafts, and anywhere
banking facilities. You get a debit cum ATM card along with internet banking
facilities.
SBI:(CURRENT ACCOUNT)
Card Convenience:
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Get your free ATM cum debit card and have access to the widest network of
ATMs across the country to withdraw cash, enquire about your balance, etc.
moreover your card enable. You can also avail yourself of our International
ATM cum debit card which can be used within as well as outside India, at a
nominal fee.
Monitoring your Account:
Monitor and control your funds through SBI Internet banking or / and through
passbook / statement of account facility.
Transaction Ease:
Unlimited number of payments.
Make payments by giving us standing instructions.
Remit funds from any part of the country to your account.
Upcountry cheque collection facility.
Other Benefits:
Overdraft facility.
Nomination facility Available.
Low minimum balance requirements.
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As the comparison state that ICICI and SBI bank both are offering wide facilities
of deposit product which consists of recurring deposits, recurring deposits, fixed
deposits, corporate salary account, current deposit and saving account.
1. Where ICICI bank are having high limit over minimum balance and SBI
have comparatively low limit over minimum balance.
2. In case of recurring deposits there is low amount of monthly deposits with
SBI where else there is high amount of deposits with ICICI bank.
3. Premature withdrawal is possible with both the banks but interest is charged
on it only by SBI.
4. In tax saving deposits interest rate is higher in ICICI than interest rate of SBI
which is lower for depositors.
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Services Rendered
DEMAT SERVICE
ICICI Bank:
ICICI Bank Demat Services boasts of an ever growing customer base of over
11.5 lacks account holder.
E-Instruction: You can transfer securities 24hrs a day, 7 days a week through
internet & interactive voice response (IVR) at lower cost. Now with Speak to
transfer, you can also transfer or pledge instructions through our customer care
officer.
Digitally Signed Statement: Receive your account statement and bill by email.
Mobile Request: Access your demat account by sending SMS to enquire about
holdings, transactions, bill & ISIN details.
Dedicated customer care executives specially trained at our call centre, to
handle all your queries.
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Countrywide network of over 235 branches, you are never far from an ICICI
Bank demat services outlet.
Customers, who have only depository relationship with ICICI Bank, will be
threshold amount, as specified below:
Standard
Frequent / sub broker
Advance amount
Rs. 2,500/-
Rs.7500/-
Threshold amount
Rs.1000/-
Rs.2000/-
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SBI:(DEMAT SERVICES)
SBI offers demat services that would ensure free transferability of securities with
speed, accurarcy and security. SBI is depository participant both with - (NSDL) &
(CDSL) through more than 1000 branches
Features & Benefits:
Account Maintenance & safe custody: Facilitates maintaining security
balance in electronic form.
Dematerialization: Facilitates converting physical share certificate into
electronic balances.
Dematerialization: Facilitates converting the electronic balance to physical
(share certificate) form.
Account Transfers: Facilitates delivery / receipt of electronic balances
consequent to market trades.
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Initial public offer: facilitates faster and direct credit of security balance
into DP account on allotment through public issue of companies. Infact what
makes scrip less holding in SBI DP account most attractive is the total ease
of operation. Once you open your account, you can easily convert your
physical holdings to paperless form by surrendering your share certificate
together with a demat request form.
2.ATM SERVICE:
ICICI Bank:
FEATURES:
1.Mobile prepaid card recharge: Use your ATM / D ebit card at any of ICICI
Bank ATMs to purchase mobile re charge cards.
2. Internet Packs ( ATN Any Time Net): Purchase new Ineternet connection or
buy renewal packs at any of ICICI bank ATMs.
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3. Donation ( Anytime Blessing): Offer donations and ask for a Manorath /
rajbhog to be done.
4. Mutual Funds Transactions: Buy or sell mutual funds through ICICI Bank
ATMs.
5. Bill Payments: pay your day to day bills through ICICI Banks ATMs and enjoy
the convenicence of banking with us.
1) Mobile prepaid card recharge:
How to get the recharge code: Select payment servicesMobile prepaid
select the relevent operator which re-charge card is desired.
2) Internet Packs (ATN- Any time net): Currently this service is available for the
customers of TATA Indicom Internet Service Provider and SIFY.
How to get a new internet connection or renew an existing internet account: Select
payment service internet packs select the relevant option as per service
desired.
3) Bill Payment: How to pay your bills through ATM :
Select paymentbillpayselect type ( payment or presntation)the bill to be
paid bill pay date.
SBI:(ATM SERVICES)
State bank offer you the convenicence of over 8500 ATMs in India, the largest
network in the country and continuing to expand fast!. This means that you can
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transact free of cost at the ATMs State bak group ( this includes the ATMs of State
bank of india as well the associated banks. SBI commercial and international bank
LTD; using the State bank ATM-cum debit ( cash plus) card.
KINDS OF CARDS ACCEPTED AT STATE BANK ATMs:

I.
II.
State bank credit card

Cards issued by banks (other than banks under bilateral sharing) displaying
Master card, Cirrus, Visa Electron logos.
III.
All debit / credit cards issued by any bank outside india displaying Maestro,
Master card, Cirrus, Visa and Visa electron logos.
Fees:
There is no joining fee for State Bank ATM-cum-debit (cash plus) card. Annual
maintenance fee of Rs.50/- p.a will be recovered from the second year of issue.
Features:
Pay MTNL, Mumbai bills through State bank ATMs payment of SBI credit
card bills Payment of SBI life insurance premium pay fees of select colleges.
Donate to Temple Trusts:
a. Vaishno Devi
b. Shirdi Saibaba
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c. Gurudwara Takht Saheb, Nanded
d. Tripati and
e. Sri Jagannath temple, Puri.
2.MOBILE BANKING SERVICES:
ICICI Bank:
Bank on the move ICICI Bank mobile banking. With ICICI bank, banking is no
longer what it used to be. ICICI bank offers the mobile banking facility to all its
bank, credit card demat and loan customers.
ICICI Bank Mobile Banking can be divided into 2 categories of facilities:
Alert facility: The ICICI bank mobile banking alert facility informs you
promptly of the significant transactions in your accounts. It keeps you
updated wherever you go.
Request facility: ICICI bank mobile banking request facility enables you to
ask your account information.
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Alert Facility:
You can subscribe for receiving SMS alert on the following events:
Salary credit.
Account getting debited * - when your bank account is debited Rs.500/- or
more ,as specified by you.
Avccount getting credited * - when your bank account is credited Rs.5000 or
more, as specified by you. Cheque return.
When your balance rises above a limit.
When your balance falls below a limit.
Request facility:
IBAL Your account balance
ITRAN The last three transactions in your account.
ICSI Cheques status
ICPA Change your primary account.
ISCR Stop cheque instruction.
IPAY Making payment for uour bills.
IVIEW View your presented bill
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LOANS OFFERED
1.HOME LOANS
ICICI Bank:
Since making its maiden venture in the home loan segment in 1999, ICICI Bank
has been breathing down the neck of market leader HDFC, with its aggressive
marketing strategy. Quality and value-added service - rather than interest rate have been the hallmark of ICICI, with the company capitalizing on the absence of
`door delivery' for housing loans. In a marked shift from the existing industry
norms, ICICI carved a niche for itself by going to the potential borrower rather
than waiting for him to come to them. Check out more information on the housing
loans provided by ICICI bank. The largest home loan provider, ICICI bank
understands how special creating a new home is for you and our home loans help
you lay the foundation for your dream home.
Attractive loan interest rate.
Home loan amounts suited to your needs.
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Home loan tensure upto 25years.
Simplified documentation.
Doorsetp delivery of home loan paper.
Eligibility
The loan must terminate before or when the borrower turns 65 years of age
or before retirement, whichever is earlier.
The applicant must be 21 years of age, at the time when the loan amount is
sanctioned.
The applicant must be either self employed or salaried individual, with a
regular source of income.
An Indian resident, whether salaried or self-employed, can apply for ICICI
Home Loan. In case if the applicant is an NRI, he/she should be salaried.
Documents Required
For Salaried Applicant
Duly Completed Application Form with One Passport Size Photograph
Identity, Residence Address and Age Proof
Fee Cheque
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Signature Verification Proof
Last 3 months Salary Slip
Form 16
Bank Statement for last 6 months from Salary Account
For Self-Employed Applicant

Duly Completed Application Form with One Passport Size Photograph
Identity, Residence Address and Age Proof
Income Tax Return / Computation of Total Income / Auditors Report /
Balance Sheet / Profit & Loss Account certified by Chartered Accountant for
last 2 years (3 years for Home Equity) (both for business and personal of
partners/directors)
Bank Statement for last 6 month from operating account
Repayment Track record of existing loans / Loan closure letter
Board Resolution in case of a company
Signature Verification is required to be provided for all the main partners /
directors.
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ICICI Housing Loan Advantage:
ICICI bank housing loan also provides othe facilities for its customers
convenience like service at doorstep, free personal accident insurance with
smiplified & easy to understand documentation .ICICI home loan is sanctioned
even without selecting a property beforehand. Other than this ICICI bank also
gives the provison of home improvement loans for up to Rs.50 lacs or up to 70% of
the cost for a period of 15 years. Iniahousing.com acknowledge the important of
ICICI home loan, India & appreciates their contribution towards the growth of real
estate industry & provides the the information on the interest rate of different home
loans on the website.
SBI Home Loan

State Bank of India (SBI), the largest nationalized bank in India, is one of the
market leaders in the home loan segment. Apart from its myriad products and
services, SBI offers home loans for a variety of purposes, including
purchase/construction of new house/flat, purchase of an existing house/flat,
purchase
ofa
plot
of
land
for
construction
of
house
and
extension/repair/renovation/alteration of an existing house/flat. SBI home loans

come with some unique features that make them stand out in the competition.
Besides the standard package of home loans, SBI has some customized home loan
products in its kitty, which address the needs of niche customer segments. Explore
the article to know all about State Bank of India housing loans.
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SBI Housing Loans
Features
SBI Home Loan provides no cap on maximum loan amount for the
purchase/construction of house/flat.
There is an option to club the income of the applicant's spouse and children
to compute the eligible loan amount.
The bank provides free personal accident insurance cover.
A complimentary international ATM cum Debit card is also provided by
SBI.
On the spot "in principle" approval is a special provision for the applicant.
If all the required documents are submitted by the applicant, SBI Home
Loan is sanctioned within 6 days of the date of submission.
The applicant can also consider SBI's Home Loan as a Term Loan or as an
Overdraft facility, in case he/she wants to save on interest and maximize
gains.
SBI Home Loan also provides free personal accident insurance cover up to
Rs 40 Lakhs.
Repayment is permitted up to 70 years of age, which is an added advantage
of SBI Home Loan.
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Products
'SBI-Flexi' Home Loans are designed to enable borrowers to hedge their
Home Loan against unfavorable movement in interest rates and gives the
customers a one time irrevocable option to choose one of the three
customized combinations of fixed and floating interest rates.
'SBI-Freedom' Home Loans are customized for high net worth individuals
and offer benefits such as 100 per cent finance of the project and no
mortgage of the property, provided the individual could show liquid
securities such as LIC policies or NSCs.
Eligibility
The minimum age of the applicant is 18 years, on the date of the sanction of
the loan.
The maximum age limit for a Home Loan applicant is 70 years. It is the
maximum age limit, within which the loan should be fully repaid.
The applicant should consist of sufficient, regular and continuous source of
income for repaying the loan.
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Documents
Completed Application Form with one Passport Size Photograph

Identity Proof - the applicant can make use of his/her PAN Card/Voter ID/
Passport/Driving License, for the purpose.
Residence Proof - the applicant can make use of his/her Recent Telephone Bill/
Electricity Bill/Property tax receipt/Passport/Voters ID
Proof of business address in respect of businesspersons/ industrialists
Sale Deed, Agreement of Sale, Letter of Allotment, Non Encumbrance
Certificate, Land/Building Tax paid receipt etc.
Copy of Approved Plan and approval from the Local Body
Statement of Bank Account/ Pass Book for last 6 months
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COMPARISON BETWEEN HOME LOANS OF ICICI AND SBI
ICICI
SBI
The loan must terminate before or The maximum age limit for a Home Loan
when the borrower turns 65 years of applicant is 70 years. It is the maximum age
limit, within which the loan should be fully
age or before retirement, whichever is
repaid.
earlier.
The applicant must be 21 years of age,
The minimum age of the applicant is
at the time when the loan amount is
18 years, on the date of the sanction of
sanctioned
the loan.
ICICI home loan is sanctioned even If all the required documents are submitted by
without
beforehand.
selecting
property the applicant, SBI Home Loan is sanctioned

within 6 days of the date of submission.
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1.
CAR LOAN
ICICI Bank:
ICICI Car Loan: The Most Preferred Financier for Car Loans in India. ICICI Bank
offer loans up to 90% of the ex-showroom price of the car. Pleasantly surprise car
loan interest rates. Repayment tenure ranges from 1 year to 5 years for new car
loans. Know more about Documents, Service charges, Eligibility of ICICI Car
Loan. The process for getting a loan involves only a few simple steps and you can
apply car loan in simple steps.
Pick your choice.
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Loan on the Strength of Your Income: Submit income proofs as required and
avail finance up to 90% of the ex-showroom price of the car.*
Car Loans with Fixed Interest Rates: ICICI Bank offers new car loans with
fixed rate option only.
ICICI Bank tie-ups with Indias leading automobile manufacturers and
dealers ensure you get attractive discounts.
Documents of ICICI car Loan:-
Income proof
Salaried individuals Last 3 months

salary slip and Form 16/Income tax
return of last 2 years.
Self-Employed individuals
Income Tax Returns of 2 previous

financial years.
Partnership Firms, Societies & Income Tax returns of 2 previous

Companies
financial years along with complete
financial/audit report.
Documents supporting
customer information
Identity Proof, Signature Proof and

Address Proofs as per ICICI Bank
norms
Partnership Firms
Partnership deed and Letter signed

by all partners authorising one
partner to execute the required Car
Loans documentation.
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Eligibility Criteria for Car Loan:
Particulars Salaried
Self-Employed Partnership
Individual
Individual
Firm
Age
The
applicantAny proprietor,
Criteria*
should be abovepartner,
25 years old at theprofessional or
time
ofdirector above 28
application,
andyears but below
upto 58 years of65 years at the
age at the time oftime of the loan
maturity of thematurity.
loan.
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47
Private / Public Ltd

Co
Limited
companies
should have been in
existence for at least 3
years.

BANks
Income
Criteria*
Gross
annualGross
annualFirm
shouldMinimum PAT (profit
income of at leastincome of at leasthave
aafter tax) of Rs. 2.00
Rs. 2.50 lakhs.
Rs. 2.00 lakhs. minimum PATlakhs.
(profit after tax)
of Rs. 2.00
lakhs.
Stability
The
totalBusiness stabilityBusiness
Business
stability
employment
should be morestability shouldshould be more than 3
stability should bethan 3 years.
be more than 3years.
more than 2 years
years.
and
current
employment
stability
of
minimum 1 year.
Factors affecting your Car Loan Amount:
Car Loans from ICICI Bank are extremely convenient, flexible and quick. With
more than 1,000 channel partners in over 200 locations, we reach out to millions of
customers and help them realise their dream of possessing a car.
The minimum loan amount for taking a new car loan is Rs. 1,00,000. The
maximum loan amount will depend upon the price of the car, model variant, profile
of the customer, etc.
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SBI :
SBI car loans are available at the bank's personal banking branches and more than
6000 other branches. Car loan is available for new car, jeep or Multi Utility
Vehicles (MUVs); used car or jeep(not more than 5 years old) and take over of
existing loan from other banks and financial institutions.
Loan Amount
There is no upper limit for the amount of a car loan. A maximum loan amount of
2.5 times the net annual income will be sanctioned. If married, spouse's income
could also be considered provided the spouse guarantees the loan. The loan amount
includes finance for one-time road tax, registration and insurance!
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There is no ceiling on the loan amount for new cars, while the loan amount for
used car is subject to a maximum limit of Rs. 15 lacs.
Margin
New / Used vehicles : 15% of the on the road price.
Repayment Period
Maximum repayment period for new vehicles is 84 months Maximum repayment
period for used vehicles is up to 84 months from the date of original purchase of
the vehicle.
Documents Required
You would need to submit the following documents along with the completed
application form if you are an existing SBI account holder:
Bank statement for the last 6 months
Two passport size photographs
Latest salary slip and Form 16, in the case of salaried persons
IT returns for the last two financial years, in the case of self employed
individuals and professionals
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If you are not an account holder with SBI you would also need to furnish
documents that establish your identity and give proof of residence.
COMPARISON BETWEEN ICICI AND SBI CAR LOAN

ICICI
SBI
Repayment tenure ranges from 1 year to 5

years for new car loans.
Maximum repayment period for new vehicles

is 84 months Maximum repayment period for
used vehicles is up to 84 months from the date
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BANks
of original purchase of the vehicle.

With more than 1,000 channel partners in over SBI car loans are available at the bank's
200 locations, we reach out to millions of
personal banking branches and more than 6000
customers and help them realize their dream of
possessing a car.
other branches.
The minimum loan amount for taking a new
There is no ceiling on the loan amount for new
car loan is Rs. 1, 00,000.
cars, while the loan amount for used car is
subject to a maximum limit of Rs. 15 lacs.
BIBLIOGRAPHY
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52

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Websites:
www.wikipedia.org.
www.managementparadise.
www.google.com
www.public sector bank.com
www.private sector bank.com
www.sbi.co.in
www.icici.co.in
BROACHERS & PAMPHLETS
Broachers and pamphlets of Saving A/c
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Sbi V/S Icici

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COMPARATIVE STUDY OF PRIVATE AND PUBLIC SECTOR

ICICI Bank started as a wholly owned subsidiary of ICICI Limited,an Indian

COMPARATIVE STUDY OF PRIVATE AND PUBLIC SECTOR

Branches & ATMs

COMPARATIVE STUDY OF PRIVATE AND PUBLIC SECTOR

COMPARATIVE STUDY OF PRIVATE AND PUBLIC SECTOR

COMPARATIVE STUDY OF PRIVATE AND PUBLIC SECTOR

COMPARATIVE STUDY OF PRIVATE AND PUBLIC SECTOR

Private sector banks:

COMPARATIVE STUDY OF PRIVATE AND PUBLIC SECTOR

COMPARATIVE STUDY OF PRIVATE AND PUBLIC SECTOR

COMPARATIVE STUDY OF PRIVATE AND PUBLIC SECTOR

PUBLIC SECTOR BANKS

Central bank of India

Indian overseas bank

Oriental bank of commerce

Punjab & Sind bank

Punjab National bank

Union bank of India

COMPARATIVE STUDY OF PRIVATE AND PUBLIC SECTOR

Laxmi Vilas Bank

Ing Vysya bank

City union bank

Catholic Syrian bank

United western bank

COMPARATIVE STUDY OF PRIVATE AND PUBLIC SECTOR

Life Pulse Senior citizen Saving Account:

COMPARATIVE STUDY OF PRIVATE AND PUBLIC SECTOR

COMPARATIVE STUDY OF PRIVATE AND PUBLIC SECTOR

COMPARATIVE STUDY OF PRIVATE AND PUBLIC SECTOR

COMPARATIVE STUDY OF PRIVATE AND PUBLIC SECTOR

Saving Plus Account

Saving Bank Account

Basic Banking No Frill Account

Recurring Deposit Account

Special Term Deposits

Premium Saving Account

Multi Option Deposit Scheme

Rate of interest on Domestic Term

SBI Tax Savings Scheme,2006

COMPARATIVE STUDY OF PRIVATE AND PUBLIC SECTOR

COMPARATIVE STUDY OF PRIVATE AND PUBLIC SECTOR

COMPARATIVE STUDY OF PRIVATE AND PUBLIC SECTOR

COMPARATIVE STUDY OF PRIVATE AND PUBLIC SECTOR

Nomination facility Available

Regular Installment to your Account

Free Fund Transfer:

COMPARATIVE STUDY OF PRIVATE AND PUBLIC SECTOR

COMPARATIVE STUDY OF PRIVATE AND PUBLIC SECTOR

COMPARATIVE STUDY OF PRIVATE AND PUBLIC SECTOR

Corporate salary account:

COMPARATIVE STUDY OF PRIVATE AND PUBLIC SECTOR

All you would require to do is to send ICICI Bank an advice ( in form of a

COMPARATIVE STUDY OF PRIVATE AND PUBLIC SECTOR

SBI:(CORPORATE SALARY ACCOUNT):

COMPARATIVE STUDY OF PRIVATE AND PUBLIC SECTOR

COMPARATIVE STUDY OF PRIVATE AND PUBLIC SECTOR

COMPARATIVE STUDY OF PRIVATE AND PUBLIC SECTOR

COMPARATIVE STUDY OF PRIVATE AND PUBLIC SECTOR

COMPARATIVE STUDY OF PRIVATE AND PUBLIC SECTOR

COMPARATIVE STUDY OF PRIVATE AND PUBLIC SECTOR

Frequent / sub broker

COMPARATIVE STUDY OF PRIVATE AND PUBLIC SECTOR