Company: ICICI Bank Ltd.

(India)

Overview: Founded: 1955

ICICI Bank is one of India’s leading private sector banks, offering a wide range of banking products and
First Chairman (ICICI Ltd): Sir Arcot Ramasamy
services to corporate, Small and Medium Enterprises (SME) and individual customers across the country.
Mudaliar
The Bank offers multi-channel touch points including branches, ATMs, mobile banking, internet banking, and
phone banking. The Bank has a network of 6,587 branches and 17,102 ATMs and cash recycling machines Key Persons:
across India, as at June 30, 2024.  Sandeep Bakhshi (MD & CEO)
ICICI was formed in 1955 at the initiative of the World Bank, the Government of India and representatives  Rakesh Jha (Executive Director)
of Indian industry. The principal objective was to create a development financial institution for providing  Sandeep Batra (Executive Director)
medium-term and long-term project financing to Indian businesses. Until the late 1980s, ICICI primarily  Ajay Gupta (Executive Director)
focused its activities on project finance, providing long-term funds to a variety of industrial projects. With
the liberalization of the financial sector in India in the 1990s, ICICI transformed its business from a Headquarters:
development financial institution offering only project finance to a diversified financial services provider that, India: Mumbai, Maharashtra, India
along with its subsidiaries and other group companies, offered a wide variety of products and services. As
India’s economy became more market-oriented and integrated with the world economy, ICICI capitalized
on the new opportunities to provide a wider range of financial products and services to a broader spectrum Services
of clients. ICICI Bank was incorporated in 1994 as a part of the ICICI group. In 1999, ICICI became the first
Indian company and the first bank or financial institution from non-Japan Asia to be listed on the New York  Manage Accounts
Stock Exchange.  Funds Transfer
 Cardless Cash Withdrawal
 Pay Utility Bills
 Recharge Prepaid Mobile/DTH Connection
Recent News:  Credit Card Payments
 JSW Steel Pursues Rs.2,500 Crore Loan from SBI, ICICI (Aug,24)
 ICICI Bank introduces 'SmartLock', a unique safety measure on iMobile Pay (June,24)
 Adani One, ICICI Bank launch India's first credit cards with airport-linked benefits (June,24) Vision:
 ICICI Bank enables NRI customers to use international mobile number to make UPI payments in India To be the trusted financial service provider of choice for
(May,24) our customers, thereby creating sustainable value for our
 ICICI Bank's iMobile Pay is used by over one crore customers from other banks (March,24) stakeholders.
 Indian Embassy in Bahrain launches digital fee collection kiosk in association with ICICI Bank and
SADAD(Feb,24) Objective:
ICICI Bank’s objective is to grow the core operating profit
CSR and Sustainability: in a risk-calibrated manner, based on the principles of
‘Fair to Customer, Fair to Bank’ and ‘One Bank, One ROE’.
The primary focus areas for the Bank for CSR activities are:
Value Drivers:
 Promoting education, including special education and employment enhancing vocation skills especially
among children, women, elderly and the differently abled and livelihood enhancement projects.  A 360° customer-centric approach
 Eradicating hunger, poverty and malnutrition, promoting preventive healthcare and sanitation  Focus on ecosystems
including contribution to Swach Bharat Kosh and making available safe drinking water  Focus on micro markets
 Promoting gender equality, empowering women, 8 setting up homes and hostels for women and  Internal cross-functional collaboration and external
orphans, setting up old age homes, day care centres and such other facilities for senior citizens and partnerships
measures for reducing inequalities faced by socially and economically backward groups  Process decongestion and operational flexibility
 Setting up homes and hostels for women and orphans, setting up old age homes, day care centres  Bank to Bank Tech, Leveraging technology and
and such other facilities for senior citizens and measures for reducing inequalities faced by socially and digital across businesses
economically backward groups
 The Bank will focus on activities promoting environmental sustainability. This can include activities
relating to soil conservation, water harvesting, management of natural resources, sustainable Financials:
agricultural practices and other eligible activities. Encouraging families to become self-sufficient and
FY 23-24 (Ended March 31,2024)
creating an ecosystem that is environmentally and socially sustainable areas
 Total Income: INR 165,848.71 Crore
 Net Profit: INR 40,888.27 Crore

Q1 24-25 (Ended June 30,2024) (Unaudited)

Industry Analysis:  Total Income: INR 45,997.70 Crore
 Net Profit: INR 11,059.11 Crore
 In FY24, the mutual funds industry managed ₹53.40 lakh crore, with expectations to double by 2030,
growing at CAGR of 14%. The Indian stock market added ₹80.62 lakh crore in 2023, and HNWI wealth
is projected to exceed $100 trillion by 2025, with the insurance sector expected to hit $250 billion by Competitors
2025
 HDFC Bank Ltd.
 The shift to financial asset class and various government initiatives for the MSMEs, tax regulations,  State Bank of India
and more were the key drivers for the sector  Axis Bank Ltd.
 Bank of Baroda
 India’s mobile wallet industry is expected to reach US$ 5.7 trillion with an estimated CAGR of 23.9
between 2023-27. Additionally, digital transactions, insurance sector, and NBFCs have been the key  Punjab National Bank
trends for a while  Kotak Mahindra Bank

 India’s PE/VC investments were at US$ 77 billion in 2021, which was 62% higher than in 2020. There
has also been a focus on UPI, IMPS and MSMEs for investment through government initiatives References:

 India’s private wealth management Industry shows huge potential and is expected to have 16.57 lakh  ICICI Bank
HNWIs in 2027. This will indeed lead India to be the fourth-largest private wealth market globally by  ICICI Financials
2028. India’s insurance market is also expected to reach US$ 250 billion by 2025  ICICI Bank News
 ICICI Bank Awards
 ICICI Bank CSR

Other Info:
 ICICI Bank has been awarded as the 'Best Retail Bank in India' for the 11th year in a row by the Asian
Banker, a Singapore based publication (2024)
 ICICI Bank was recognised as India's 'Best Bank' in 2024, by Euromoney, a Hong Kong based financial
magazine (2024)


Research and Consultancy Enterprise | IMT Ghaziabad RACE/24-25/040