This week corporate coverage: ICICI (Industrial Credit and Investment Corporation of India) bank:

Management committee:

Key people:

Chairman of the Board: N Vaghul

Chief Executive officer: K.V Kamath

In late 90’s the world banking sector have a potential growth of business sectors, at the same time the Indian bank industry simultaneously growth its structure. After globalization all Indian major banks are entered in to the world market. One of the major Indian banks ICICI is also entering the competition. ICICI Bank was originally promoted in 1994 by ICICI Limited, an Indian financial institution, and was its wholly-owned subsidiary. ICICI Bank is India's second-largest bank with total assets US$ 79 billion at March 31, 2007 and profit after tax of Rs. 31.10 billion for fiscal 2007.

The Bank has a network of about 950 branches and 3,300 ATMs in India and presence in 17 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 specialized subsidiaries and affiliates in the areas of investment banking, life and non-life insurance, venture capital and asset management. ICICI run the business in following names

ICICI Direct –Online share and mutual funds trading facility by the ICICI group.

ICICI PRUDENTIAL - A joint venture between ICICI and Prudential plc. Engaged in private life insurance.

ICICI Lombard ICICI Lombard General Insurance Company Limited is a 74:26 joint venture between ICICI Bank Limited and the Canada based $ 26 billion Fairfax Financial Holdings Limited. India 's number one private general insurance company.

Firstsource ICICI One Source: India's leading Business Process Outsourcing service provider.

ICICI Securities India's leading investment banking firm. Insightful. Thorough. Convincing these three words are the caption of the ICICI Securities.

Financial analysis:

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).
The annual report of ICICI bank for the Physical year 2005-2006

Our BRI point of view ICICI would keep the higher rank in Indian market as well as Global market by analyzing the Risk factors of financial body.