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Management

NRI Banking Money Transfer Bank Accounts Investments Property Solutions Insurance Loans

Business Banking Corporate Net Banking Cash Management Trade Services FXOnline SME Services Online Taxes Custodial Services Agri/Rural Business Banking

Overview
ICICI Bank is India's second-largest bank with total assets of Rs. 3,663.74 billion (US$ 76 billion) at September 30, 2009 and profit after tax Rs. 19.18 billion (US$ 398.8 million) for the half year ended September 30, 2009. The Bank has a network of 1,590 branches and about 4,883 ATMs in India and presence in 18 countries. ICICI Bank offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and through its specialised subsidiaries and affiliates in the areas of investment banking, life and nonlife insurance, venture capital and asset management. The Bank currently has subsidiaries in the United Kingdom, Russia and Canada, branches in 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. Our UK subsidiary has established branches in Belgium and Germany. ICICI Bank's equity shares are listed in India on Bombay Stock Exchange and the National Stock Exchange 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 fiscal 2001, and secondary market sales by ICICI to institutional investors in fiscal 2001 and fiscal 2002. 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. In 1999, 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 optimal strategic alternative for both entities, and would create the optimal legal structure 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 segments, higher market share in various business segments, particularly fee-based services, and access to the vast talent pool of ICICI and its subsidiaries. In October 2001, the Boards of Directors of ICICI and ICICI Bank approved the merger of ICICI and two of its wholly-owned retail finance subsidiaries, ICICI Personal Financial Services Limited and ICICI Capital Services Limited, with ICICI Bank. The merger was approved 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. Consequent to the merger, the ICICI group's financing and banking operations, both wholesale and retail, have been integrated in a single entity.

Board Members
Mr. K. V. Kamath, Chairman Mr. Sridar Iyengar Mr. Lakshmi N. Mittal Mr. Narendra Murkumbi Dr. Anup K. Pujari Mr. Anupam Puri Mr. M.S. Ramachandran Mr. M.K. Sharma Mr. P.M. Sinha Prof. Marti G. Subrahmanyam Mr. V. Prem Watsa Ms. Chanda D. Kochhar, Managing Director & CEO Mr. Sandeep Bakhshi, Deputy Managing Director Mr. N. S. Kannan, Executive Director & CFO Mr. K. Ramkumar, Executive Director Mr. Sonjoy Chatterjee, Executive Director

Chanda Kochhar Managing Director and Chief Executive Officer

Sandeep Bakhshi Deputy Managing Director

Sonjoy Chatterjee Executive Director

N.S. Kannan Executive Director & CFO

K. Ramkumar Executive Director

ICICI Bank 2009

For the third year in a row ICICI Bank has won The Asset Triple A Country Awards for Best Domestic Bank in India ICICI Bank won the Most Admired Knowledge Enterprises (MAKE) India 2009 Award. ICICI Bank won the first place in "Maximizing Enterprise Intellectual Capital" category, October 28, 2009 Ms Chanda Kochhar, MD and CEO was awarded with the Indian Business Women Leadership Award at NDTV Profit Business Leadership Awards , October 26, 2009. ICICI Bank received two awards in CNBC Awaaz Consumer Awards; one for the most preferred auto loan and the other for most preferred credit Card, on September 30, 2009 Ms. Chanda Kochhar, Managing Director & CEO ranked in the top 20 of the World's 100 Most Powerful Women list compiled by Forbes, August 2009 Financial Express at its FE India's Best Banks Awards, honoured Mr. K.V. Kamath, Chairman with the Lifetime Achievement Award , July 25, 2009 ICICI Bank won Asset Triple A Investment Awards for the Best Derivative House, India. In addition ICICI Bank were Highly commended , Local Currency Structured product, India for 1.5 year ADR GDR linked Range Accrual Note., July 2009 ICICI bank won in three categories at World finance Banking awards on June 16, 2009 Best NRI Services bank Excellence in Private Banking, APAC Region Excellence in Remittance Business, APAC Region ICICI Bank Mobile Banking was adjudged "Best Bank Award for Initiatives in Mobile Payments and Banking" by IDRBT, on May 18, 2009 in Hyderabad. ICICI Bank's b2 branchfree banking was adjudged "Best E-Banking Project Implementation Award 2008" by The Asian Banker, on May 11, 2009 at the China World Hotel in Beijing. ICICI Bank bags the Best bank in SME financing (Private Sector) at the Dun & Bradstreet Banking awards 2009. ICICI Bank NRI services wins the Excellence in Business Model Innovation Award in the eighth Asian Banker Excellence in Retail Financial Services Awards Programme.

ICICI Bank's Rural Micro Banking and Agri-Business Group wins WOW Event & Experiential Marketing Award in two categories - Rural Marketing programme of the year and Small Budget On Ground Promotion of the Year. These awards were given for Cattle Loan 'Kamdhenu Campaign' and 'Talkies on the move campaign' respectively. ICICI Bank's Germany Branch has been certified by Stiftung Warrentest. ICICI Bank is ranked 2nd amongst 57 savings products across 19 banks ICICI Bank Germany won the yearly banking test of the investor magazine uro in the call moneycategory. The ICICI Bank was awarded the runner's up position in Gartner Business Intelligence and Excellence Award for Asia Pacific for its Business Intelligence functions. ICICI Bank's Organisational Excellence Group was recently awarded ISO 9001:2008 certification by TUV Nord. The scope of certification comprised processes around consulting and capability building on methods of quality & improvements. ICICI Bank has been awarded the following titles under The Asset Triple A Country Awards for 2009: Best Transaction Bank in India Best Trade Finance Bank in India Best Cash Management Bank in India Best Domestic Custodian in India ICICI Bank has bagged the Best Cash Management Bank in India award for the second year in a row. The other awards have been bagged for the third year in a row. ICICI Bank Canada received the prestigious Canadian Helen Keller Award at the Canadian Helen Keller Centre's Fifth Annual Luncheon in Toronto. The award was given to ICICI Bank its long-standing support to this unique training centre for people who are deaf-blind.
2008

The Asset Triple A Country Awards for Best Domestic Bank in India. ICICI Bank wins the "Best Bank in India" Award from NDTV Profit-Outlook Money ICICI Bank wins the "Most Preferred Brand of Auto Loans" Award and the "Most Preferred Brand of Credit Cards" Award from CNBC Awaaz Mr K. V. Kamath, MD & CEO, ICICI Bank, receives the Lifetime Achievement Award at the NDTV Profit Business Leadership Awards 2008

Ms. Chanda Kochhar, Joint MD & CFO, ICICI Bank, ranked 25th in Fortune International Power 50 list Ms Chanda Kochhar, Joint MD & CFO, ICICI Bank and Ms Madhabi Puri-Buch, Executive Director, ICICI Bank, selected among the 25 Most Powerful Women in Indian business by Business Today ICICI Bank wins the 2008 Symantec visionary awards, recognising the way the Bank secures and manages systems and information. ICICI Bank wins the 'Excellence in Remittance Business 2008' award by The Asian Banker Mr. K.V. Kamath, MD & CEO, ICICI Bank receives the UK Trade & Investment Award (2008), in recognition of the significant contribution made towards India-UK trade relationship and visionary leadership. ICICI Bank NRI Services wins the World Finance (London) Award for Best Bank for NRI Services Worldwide, 2008 ICICI Group Global Private Clients wins the World Finance (London) Award for Excellence in Private Banking Award for APAC Region 2008 ICICI Bank wins Finance Asia Country Awards for Achievement 2008 for Best Trade Finance Bank Best Foreign Exchange Bank Best Private Bank ICICI Bank wins the 'Excellence in Remittance Business 2007' award by The Asian Banker Ms. Madhabi Puri Buch, ED, ICICI Bank wins FICCI's "Young Women Achievers" Award Mr. K. V. Kamath, MD & CEO, ICICI Bank wins "The Asian Banker Leadership Achievement Award" for the Asia Pacific and Gulf Region 2007 EuroWeek award for Most Improved Market Profile The award is designed to recognise the institution that has been most successful in building its own niche in Asia's competitive syndicated loan market Asset Triple A Transaction Banking Awards, 2008 Best Trade Finance Bank in India Best Transaction Bank in India Best Cash Management Bank in India Best Domestic Custodian in India The

Global

Best

Finance "Trade Finance

Bank

Award and Provider"

in

for: India

Best "Consumer Internet Bank" in India

ICICI Bank wins the Gold Shield for " Excellence in Financial Reporting" by Institute of Chartered Accountant of India (ICAI) for the Year ended March 31, 2007 Mr. K. V. Kamath, MD & CEO, ICICI Bank awarded the "Padma Bhushan"
2007

ICICI Bank won the "Most Customer Responsive Company" award in the Banking and Financial Services vertical at The Economic Times - Avaya Global Connect Customer Responsiveness Awards 2007 Asset Asian Awards 2007 Triple A 1. Country Awards for the Best Domestic Bank in India 2. Triple A House and Deal Awards for
a. Best Investment Grade Bond- India b. Best follow on offering for The Asset 2007 c. Best Syndicated Loan

ICICI Bank won "The Bankers Award" for the Bank of the Year (India) Mr. K. V. Kamath is Forbes Asia's Businessman of the Year. ICICI Bank named as one of the "Fabulous 50 companies in Asia" by Forbes Asia Mr. K. V. Kamath won the Lifetime achievement Award at the seventh Annual Teacher's Achievement Awards. Ms. Chanda Kochhar won the Teachers Achievement Award in the business category. Best Regional Private Bank - Asia Pacific Award at the 17th Private Banker International Awards. Mr. K. V. Kamath featured among Asiamoney's top 100 most powerful businessmen from Asia.

Ms Chanda Kochhar ranked 33rd in the Fortune's List of 50 Most Powerful Women in Global Business. ICICI Bank was one of the four Indian companies to make it to the global list of Top Companies for Leaders 2007, according to a survey conducted by Hewitt Associates in partnership with the RBL group and Fortune magazine. ICICI Bank adjudged winner of the annual CIO 100 awards in recognition of the organization's pre-eminence in the area of Innovative technology deployment. Ms Chanda Kochhar featured in the list of Business Today's 25 most powerful women leaders. Best private sector bank by Outlook Money NDTV Profits Awards 2007 The Uptime Champion Awards 2007 The Economic Times Business Leader of the Year Award for Mr.K.V.Kamath CNBC Awaaz Consumer Most Preferred brand Most Preferred brand Most Preferred brand for Most Preferred brand for Home Loans. Awards for for Financial for Bank 2007 Auto Credit Advisory : in India. for: Loans Cards Services

Global Finance Awards The Best Consumer Internet The Best Corporate / Institutional Internet Bank in India.

ICICI Bank has won the Euromoney Award for the "Best Bank in Asia" and "Best Bank in India"
Asia's Best Financial Borrower 2007 - Euromoney Best Bank in the New Private Sector Bank category By Financial Express. Excellence in Remittance Business Award, 2006 from Asian Banker. ICICI Bank has won the Readers Digest Trusted Brand Gold Award for the Bank category in India in 2007. 2006 Bank of the Year 2006 India by the Banker THE ASSET TRIPLE AAA Awards for : Best Transaction Bank in INDIA Best Trade Finance in India

Best Domestic Custody in India Business Standard's Banker of the Year for Mr.K.V.Kamath CNBC-TV18 India Business Leader Award for Mr. K. V. Kamath Business India's Best Bank of the Year 2006 Ms.Chanda Kochhar featured on Fortune's 50 Most Powerful Women in International Business. NDTV Profit Business Leadership Award in the Banking category. Ms. Kalpana Morparia and Ms. Lalita Gupte featured on Forbes Most Powerful Women CII National Award for Energy Management Business Baron - Most Admired Bank Global Finance Award for World's Best Foreign Exchange Bank from India" and the "World's Best Trade Finance from India" Global Finance Awards for : Best Integrated Consumer Bank Site in Asia Bill Presentment and Payment in Asia Best Consumer Internet Bank in India Best Corporate/ Institutional Internet Bank in India

ICICI Bank wins three awards for outstanding performance from Asian Banker Best Retail Bank India Excellence in Multi Channel Distribution Excellence in Automobile Lending Award Reader's Digest India - Most Trusted Brand Award for 2006 voted by consumers