ICICI BANK

ICICI Bank was initially advanced in 1994 by ICICI Limited, Indian money related
establishment, and was its entirely claimed auxiliary. ICICI's shareholding in ICICI Bank was
diminished to 46% through an open offering of shares in India in monetary 1998, a value
offering as ADRs recorded on the NYSE in financial 2000, ICICI Bank's securing of Bank of
Madura Limited in an all-stock amalgamation in financial 2001, and auxiliary market deals
by ICICI to institutional speculators in financial 2001 and financial 2002. ICICI was framed
in 1955 at the activity of the World Bank, the Government of India and delegates of Indian
industry. The main goal was to make an advancement money related establishment for giving
medium-term and long haul extend financing to Indian organizations.

HISTORY
In the 1990s, ICICI changed its business from an advancement money related organization
offering just venture back to an expanded monetary administrations aggregate offering a wide
assortment of items and administrations, both straightforwardly and through various backups
and offshoots like ICICI Bank. In 1999, ICICI turn into the main Indian organization and the
principal bank or budgetary foundation from non-Japan Asia to be recorded on the NYSE.

After thought of different corporate organizing choices with regards to the developing
aggressive situation in the Indian keeping money industry, and the move towards general
saving money, the administrations of ICICI and ICICI Bank framed the view that the merger
of ICICI with ICICI Bank would be the ideal vital option for both substances, and would
make the ideal lawful structure for the ICICI gathering's all inclusive saving money
methodology. The merger would upgrade an incentive for ICICI shareholders through the
consolidated substance's entrance to minimal effort stores, more prominent open doors for
gaining expense based pay and the capacity to take an interest in the instalments framework
and give exchange managing an account administrations. The merger would improve an
incentive for ICICI Bank shareholders through a substantial capital base and size of
 operations, consistent access to ICICI's solid corporate connections developed more than five
decades, section into new business portions, higher piece of the pie in different business
fragments, especially expense based administrations, and access to the tremendous ability
pool of ICICI and its backups. In October 2001, the Boards of Directors of ICICI and ICICI
Bank affirmed the merger of ICICI and two of its completely possessed retail fund backups,
ICICI Personal Financial Services Limited and ICICI Capital Services Limited, with ICICI
Bank. The merger was affirmed by shareholders of ICICI and ICICI Bank in January 2002,
by the High Court of Gujarat at Ahmedabad in March 2002, and by the High Court of
Judicature at Mumbai and the Reserve Bank of India in April 2002. Resulting to the merger,
the ICICI gathering's financing and saving money operations, both discount and retail, have
been coordinated in a solitary element

PRODUCT
Accounts & Deposits. Savings Account. FD, RD, ...
Loans. Home Loan. Personal Loan. ...
Cards. Credit Card. PL on Credit Card. ...
Insurance. Life Insurance. ...
Pockets wallet. Create your wallet instantly on Android and Apple phones.
Investments. Tax Solutions. ...
Agri & Rural. Agri Corporates. ...
ICICI Bank Referral Programme. Refer ICICI Bank products

TURNOVER

16% year-on-year growth in domestic advances; retail portfolio crossed 2,00,000 crore
(US$ 30.2 billion) during the quarter ended March 31, 2016 (Q4-2016) and grew by 23%
year-on-year
17% year-on-year growth in current and savings account (CASA) deposits; CASA ratio at
45.8% at March 31, 2016
The Bank has made a collective contingency and related reserve of 3,600 crore (US$ 543
million) during Q4-2016, over and above provisions made for non-performing and
restructured loans as per Reserve Bank of India guidelines
Standalone profit before collective contingency and related reserve and tax was 15,796
crore (US$ 2.4 billion) for the year ended March 31, 2016 (FY2016) compared to 15,820
crore (US$ 2.4 billion) for the year ended March 31, 2015 (FY2015)
Standalone profit before collective contingency and related reserve and tax was 3,782 crore
(US$ 571 million) for Q4- 2016
Standalone profit after collective contingency and related reserve and tax was 702 crore
(US$ 106 million) in Q4-2016 and 9,726 crore (US$ 1.5 billion) in FY2016
Total capital adequacy of 16.64% and Tier-1 capital adequacy of 13.09% on standalone basis
at March 31, 2016, significantly higher than regulatory requirements
Dividend of 5 per share proposed
Major competitors
Previous
Company Name Current Price High Price Low Price
Price

YES Bank Ltd. 1397.25 671.25 1403.00 1386.00

H D F C Bank Ltd. 1306.75 1010.45 1316.50 1296.00

IndusInd Bank Ltd. 1303.25 850.15 1313.45 1270.65

Kotak Mahindra Bank Ltd. 765.00 626.90 776.55 761.70

Axis Bank Ltd. 489.65 486.40 491.60 480.75

City Union Bank Ltd. 164.90 93.70 165.75 159.80

Lakshmi Vilas Bank Ltd. 140.00 74.70 142.50 139.50

REVENUE

US$10.3 billion (2016).