BANKING AND FINANCIAL
INSTITUTIONS
INTRODUCTION
ICICI Bank is the largest private sector bank in India in terms of
market capitalization. It is also the second largest bank in India in
terms of assets . Formerly known as Industrial Credit and Investment
Corporation of India, ICICI Bank has an extensive network of 1,544
branches with about 4,816 ATMS located across India and in 18
other countries. ICICI Bank serves over 24 Million customers
throughout the world. It is considered as one of the ‘Big Four Banks’
in India along with State Bank of India, HDFC Bank and Axis Bank.
ICICI Bank provides a wide array of banking products and financial
services to its retail and corporate customers.
HISTORY
In 1955, The Industrial Credit and Investment Corporation of India
Limited (ICICI) was incorporated at the initiative of World Bank, the
Government of India and representatives of Indian industry, with the
objective of creating a development financial institution for providing
medium-term and long-term project financing to Indian businesses. In
1994, ICICI established Banking Corporation as a banking subsidiary.
Formerly known as Industrial Credit and Investment Corporation of
India, ICICI Banking Corporation was later renamed as 'ICICI Bank
Limited'. ICICI founded a separate legal entity, ICICI Bank, to undertake
normal banking operations - taking deposits, credit cards, car loans etc
In 2003, ICICI opened subsidiaries in Canada and the
United Kingdom (UK). It also opened an Offshore
Banking Unit (OBU) in Singapore and representative
offices in Dubai. In 2004, ICICI opened a representative
office in Bangladesh to tap the extensive trade between
that country, India and South Africa.
PRODUCTS
ICICI Bank offers following loan facilities:
Home Loans
Loan Against Property
Personal Loans
Car Loans
Two Wheeler Loans
Commercial Vehicle Loans
Loans Against Securities
Loan Against Gold Ornaments
Pre-approved Loans
DEPOSITS
Following deposits are offered:
Savings Account
Advantage Deposit
Special Savings Account
Life Plus Senior Citizens Savings Account
Fixed Deposits
Security Deposits
Recurring Deposits
Tax-Saver Fixed Deposit
Young Stars Savings Account
Child Education Plan
CARDS
ICICI Bank is India's largest issuer of credit cards. It also offers other types of cards. The
various cards offered by ICICI bank are as below:
Consumer Cards
Credit Cards
Travel Cards
Debit Cards
Commercial Cards
Corporate Cards
Prepaid Cards
Purchase Card
INVESTMENTS
ICICI Bank facilitates a range of investment products
including:
ICICI Bank Tax Saving Bonds
Mutual Funds
Government of India Bonds
Initial Public Offers (IPO) by Corporates
Foreign Exchange Services
ICICI Bank Pure Gold
IDBI BANK
The Industrial Development Bank of India Limited, popularly known as
IDBI Bank is one of the leading public sector banks in India. Categorized
as "other public sector bank" by Reserve Bank of India (RBI), IDBI Bank
is also the 4th largest Indian bank. Founded in 1964 to provide credit and
other facilities to its customers, IDBI Bank currently has 457 centers, 688
branches and 1020 ATMs across the nation. It is world's 10th largest
development bank in terms of reach. IDBI Bank also built several
institutions including the National Stock Exchange of India (NSE), the
Stock Holding Corporation of India (SHCIL) and the National Securities
Depository Services Ltd. (NSDL) etc.
HISTORY
IDBI Bank was founded on July 1, 1964 under an Act of Parliament.
It was established as a wholly owned subsidiary of RBI (Reserve
Bank of India). The ownership was however transferred to the
Government of India on February 16, 1976. It worked as the main
financial institution, whose main goal was to coordinate with other
institutions associated with financing, developing and promoting
the industry. With the public issue of IDBI Bank released in July
1995, the share holding of the Government came down below
100%
In September 2003, IDBI acquired the entire
shareholding of Tata Finance Limited in Tata Home
Finance Ltd. Since then, the fully owned housing
subsidiary was known as 'IDBI Home Finance Limited'.
IDBI Bank also acquired United Western Bank in 2006
SUBSIDIARIES
IDBI Bank has the following subsidiaries:
IDBI Capital Market Services Limited
IDBI Home Finance Limited
IDBI Intech Limited
IDBI Gilts Limited
DEPOSITS
• Savings Account
• Current Account
• Fixed Deposits
• Suvidha Tax Saving Fixed Deposit
• Pension Accounts
• Sabka Account
• Super Shakti Account for women
Investments Advisory
• Smart Financial Planning
• Mutual Fund
• Insurance
• Fixed Income Securities
24 Hours Banking
◦ Phone Banking
◦ Account Alerts
◦ Internet Banking
Other products
• Lockers
IFCI
At the time of independence in 1947, India's capital market was
relatively under-developed. Although there was significant demand
for new capital. Merchant bankers and underwriting firms were
almost non-existent and commercial banks were not equipped to
provide long-term industrial finance in any significant manner.
The Industrial Finance Corporation of India (IFCI) on July 1, 1948,
as the first Development Financial Institution in the country to cater
to the long-term finance needs of the industrial sector. The newly-
established DFI was provided access to low-cost funds through the
central bank's Statutory Liquidity Ratio or SLR which in turn
enabled it to provide loans and advances to corporate borrowers at
concessional rates.
HISTORY
By the early 1990s, it was recognized that there was need
for greater flexibility to respond to the changing financial
system. It was also felt that IFCI should directly access the
capital markets for its funds needs. It is with this objective
that the constitution of IFCI was changed in 1993 from a
statutory corporation to a company under the Indian
Companies Act, 1956. Subsequently, the name of the
company was also changed to "IFCI Limited" with effect
from October 1999.
PRODUCTS
I-FIN is uniquely positioned, by virtue of being in the fold of IFCI which is a
pioneering All India Financial Institution, to offer a wide array of financial
products and services to the investing community in India and NRIs.
These include:
• Stock Broking • Commodities Broking • Currency Trading • Portfolio
Management Servives • Depository Participant Services • Merchant
Banking • Insurance Broking • Mutual Fund Products Distribution • IPO
Distribution • Corporate Advisory Services
Mutual Fund Distribution: Registered with the Association
of Mutual Funds in India (AMFI) as a distributor of Mutual
Fund products, I-Fin has been highly active and very
successful in the distribution of various mutual fund products.
Portfolio Management Services: As a SEBI registered
Portfolio Manager, we offer Discretionary Portfolio
Management Services backed by Equity Research -
Fundamental and Technical
Depository Participant (DP) : As a Depository Participant with the
National Security Depository Limited (NSDL) and Central Depository
Participant Limited (CDSL), I-Fin serves its clients in a wholesome
fashion.
Merchant Banking : As a SEBI approved Category I Merchant Banker,
I-Fin is involved in the capital raising exercises of Indian Corporates.
Insurance Corporate Agent : I-Fin is an IRDA approved Corporate
Agent (CA) for both Life and Non-Life Insurance sectors. It is empanelled
with LIC for Life Insurance and Bajaj Allianz for the Non-Life Insurance
Sector.
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PRESENTED BY:
EKTA TRIPATHI
BBA VI SEM
SECTION A
