EXECUTIVE SUMMARY

In any organization, the two important financial statements are the Balancesheet & Profit and loss account of the business. Balance sheet is a statementof the financial position of an enterprise at a particular point of time. Profit andloss account shows the net profit or net loss of a company for a specified periodof time. When these statements of the last few year of any organization arestudied and analyzed, significant conclusions may be arrived regarding thechanges in the financial position, the important policies followed and trends in profit and loss etc. Analysis and interpretation of the financial statement hasnow become an important technique of credit appraisal. The investors, financialexperts, management executives and the bankers all analyze these statements.Though the basic technique of appraisal remains the same in all the cases butt h e ap p roa ch a nd t h e e mp h as is in a nal y s is v a ry . A bank er i nt erp r et s t h e financial statement so as to evaluate the financial soundness and stability, theliquidity position and the profitability or the earning capacity of borrowingcon ce rn . An al ys is of f i na nc ial s t at e m ent is n e ce s s ary b e ca us e it h elp i n depicting the financial position on the basis of past and current records. Anal ys is of f ina n cia l s t at e m ent h elp s in mak in g t h e f ut ur e d e cis i o n and strategies. Therefore, it is very necessary for every organization whether it is afinancial or manufacturing etc. to make financial statement and to analyse it.

INTRODUCTION
Objective Of Study
Company Profile

Objective Of Study
The main objectives of this project are the following: 1. To study about ICICI BANK and its related aspects like its p rod u ct s & s erv i ces , h is t o ry , or ga niz at i on al s t ru ct ure , subsidiary companies etc.

2. To analyse the financial statement i.e P&L account and Balance sheet of ICICI BANK. 3. T o le ar n ab out P &L Ac c ou nt , Ba lan c e -s h e et a nd different type of Assets& Liabilities. 4. To understanding the meaning and need of Balance Sheetand profit and loss account. 5. The purpose is to portray the financial position of ICICIBANK with the help of Balance sheet and profit and loss account. 6. To evaluate the financial soundness ,stability and liquidity of ICICI BANK.

Company Profile
ICICI BANK ICICI Bank is Indias second-largest bank with total assets of 3,997.95 billion(US$ 100 billion) at March 31, 2008 and profit after tax of Rs. 41.58 billion for theyear ended March 31, 2008 . ICICI Bank is the most valuable bank in India in termsof market capitalization and is ranked second amongst all the companies listedon the Indian stock exchanges. In terms of free float market capitalization*.The Bank has a network of about 1308 branches and 3,950 ATMs in India and presence in 18 countries. ICICI Bank offers a wide range of banking productsand financial services to corporate and retail customer through a variety of delivery channels and through its specialized subsidiaries and affiliates in theareas of investment banking, life and non-life insurance, venture capital andasset management. The Bank currently has subsidiaries in the United Kingdom,Russia and Canada, branches in Singapore, Bahrain, Hong Kong, Sri Lanka andDubai International Finance Center and representative offices in the UnitedStates, United Arab Emirates, China, South Africa, Bangladesh,

Thailand,Malaysia and Indonesia. UK subsidiary has established a branch in Belgium.ICICI Bank's equity shares are listed in India on Bombay Stock Exchange(BSE) and the National Stock Exchange (NSE) of India Limited and itsAmerican Depositary Receipts (ADRs) are listed on the New York Stock Exchange (NYSE)

HISTORY
ICICI Bank was originally promoted in 1994 by ICICI Limited , an Indianfinancial institution, and was its wholly owned subsidiary. ICICI's shareholdingin ICICI Bank was reduced to 46% through a public offering of shares in Indiain fiscal 1998, an equity offering in the form of ADRs listed on the NYSE infiscal 2000, ICICI Bank's acquisition of Bank of Madura Limited in an allstock a m a l g a m a t i o n i n f i s c a l 2 0 0 1 , a n d s e c o n d a r y m a r k e t s a l e s b y I C I C I t o institutional investors in fiscal 2001 and fiscal 2002. ICICI was formed in 1955at the initiative of the World Bank, the Government of India and representativesof I nd ian i nd us t r y. T h e p ri nc ip al o bj e c t iv e was t o cr eat e a d ev e lop m ent financial institution for providing medium-term and long-term project financingto Indian businesses. In the 1990s, ICICI transformed its business from adevelopment financial institution offering only project finance to a diversifiedfinancial services group offering a wide variety of products and services, bothdirectly and through a number of subsidiaries and affiliates like ICICI Bank. In1999, ICICI become the first Indian company and the first bank or financialinstitution from non-Japan Asia to be listed on the NYSE.After consideration of various corporate structuring alternatives in the contextof the emerging competitive scenario in the Indian banking industry, and themove towards universal banking, the managements of ICICI and ICICI Bank formed the view that the merger of ICICI with ICICI Bank would be the optimalstrategic alternative for both entities, and would create the optimal legalstructure for the ICICI group's universal banking strategy. The merger wouldenhance value for ICICI shareholders through the merged entity's access to low-cost deposits, greater opportunities for earning fee-based income and the abilityto participate in the payments system and provide transaction-banking services.The merger would enhance value for ICICI Bank shareholders through a

largecapital base and scale of operations, seamless access to ICICI's strong corporaterelationships built up over five decades, entry into new business segments,higher market share in various business segments, particularly fee-basedservices, and access to the vast talent pool of ICICI and its subsidiaries. In 10October 2001, the Boards of Directors of ICICI and ICICI Bank approved themerger of ICICI and two of its wholly-owned retail finance subsidiaries, ICICIPersonal Financial Services Limited and ICICI Capital Services Limited, withICICI Bank. The merger was approved by shareholders of ICICI and ICICIBank in January 2002, by the High Citst of Gujarat at Ahmedabad in March2002, and by the High Citst 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 singleentity. ICICI Bank has formulated a Code of Business Conduct and Ethics for its directors and employees

BOARD OF DIRECTORS
MR. N.Vaghul (CHAIRMAN) MR. Sridar Iyengar MR. Lakshmi N. Mittal MR. Narendra Murkumbi MR. Anupam Puri Mr. Arun Ramanathan MR. M. K. Sharma MR. P.M. Sinha Prof. Marti G. Subrahmanyam MR. T. S. Vijayan MR. V. Prem Wasta MR. K. V. Kamath (MANAGING DIRECTOR & CEO) MR. Chanda Kochhar (JOINT MANAGING DIRECTOR) MR. V. Vaidyanathan, (EXECUTIVE DIRECTOR) Ms. Madhabi Puri-Buch, Executive Director

 MR. Sonjoy Chatterjee (EXECUTIVE DIRECTOR)