Professional Documents
Culture Documents
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INTRODUCTION OF CASH
MANAGEMENT
Cash management can be defined as all activities undertaken to
ensure maximum cash availability and maximum investment yield on a
government's idle cash. Cash management is concerned with the
efficient management of cash from the time revenue is earned to the
time an expenditure payment clears the bank. At the local government
level, cash-management activities can be categorized as follows:
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COMPANY PROFILE
ICICI Bank
ICICI Bank is an Indian multinational banking and financial
services company headquartered in Mumbai, Maharashtra. As of 2014
it is the second largest bank in India in terms of assets and market
capitalization. It offers a wide range of banking products and financial
services for corporate and retail customers through a variety of delivery
channels and specialized subsidiaries in the areas of
investment, life, non-life
insurance, venture
capital and asset
management. The Bank has a network of 3,820 branches and
11,162 ATMs in India, and has a presence in 19 countries.
ICICI Bank is one of the Big Four banks of India, along with State
Bank of India, Punjab National Bank and Bank of Baroda. The bank 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
History
ICICI Bank was established by the Industrial Credit and
Investment Corporation of India (ICICI), an Indian financial institution,
as a wholly owned subsidiary in 1994. The parent company was formed
in 1955 as a joint-venture of the World Bank, The bank was initially
known as the Industrial Credit and Investment Corporation of India
Bank, before it changed its name to the abbreviated ICICI Bank. ICICI
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BOARD OF DIRECTORS
Mr. K.V.Kamath - Chairman
Mr. Barry StoweMrs. Kalpana MorpariaMs. Shikha Sharma - Managing
Director
Mr. N.S.Kannan - Executive Director
Mr. Bhargav Dasgupta - Executive Director
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Type
Traded as
Public company
BSE: 532174
NSE: ICICIBANK
NYSE: IBN
BSE SENSEX Constituent
CNX Nifty Constituent
Industry
Founded
1994
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Area served
Worldwide
Key people
K. V. Kamath (Chairman)
Ms.ChandaKochhar (MD & CEO)
Products
Revenue
Operating
income
Profit
Total assets
Total equity
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AWARDS
2004 - Best Bank in India Award presented by Euro money Magazine
2007- ICICI Bank has been conferred the Euro money Award 2007 for
the Best Bank in the Asia-Pacific Region
--
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OBJECTIVES
ICICI Bank's Green initiative is to make healthy environment in the
organization i.e.; to create intrapersonal skills among the customer and
understanding between employees of the organization.
Broad objectives of the ICICI are:
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Collection Solutions
ICICI Bank offers a wide range of collection products to meet the
specific requirements of the clients like local cheque collections,
upcountry cheque collections, cash collections and electronic collections.
ICICI Bank renders quick and effective management of receivables.
Payments BASED
The payment solutions offered by ICICI Bank include bulk
disbursement solutions for making payments to channel partners
through multiple modes, Payable at Par solutions for payment of
dividend, interest or for redemption and internet-based cheque writing
facility for printing of cheques at your own premises.
Paper Based
Paper-based payment modes offered under the CMS payment
solutions include cheque printing, Demand draft printing and Internetbased cheque writing.
a)
Cheque Printing
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b)
Demand Draft
c)
d)
Electronic Payments
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i. Funds Transfer
This facility can be used for payment by customers to
beneficiaries who are ICICI Bank account holders. This method of
funds transfer is the fastest and the most secure form of
remittance.
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e)
Dividend Payments
Online Validatio
Extensive network
MIS and reconciliation
Systems and checks to detect fraudulent encashment and
duplicate payments
Dedicated customer service desk
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CASH MANAGEMENT
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CASH MANAGEMENT
ICICI BANK
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Cash Collections
Payment Products
Anywhere Banking
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Fund Transfers
Cheque Writing
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At Par Payments
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Cash Management
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DATA ANALYSIS
---------------------------- IN RS.CR.---------------------MAR 14 MAR 13 MAR 12 MAR 11 MAR 10
CASH FLOW OF ICICI BANK
12
12 MTHS 12 MTHS 12 MTHS 12 MTHS
MTHS
13968.17 11396.69 8803.42 6760.70 5345.25
NET PROFIT BEFORE TAX
NET CASH FROM
OPERATING ACTIVITIES
4668.60 11102.01
15238.00 6908.92
1869.20
6150.72
6838.37
1382.60
NET(DECREASE)/INCREASE
IN CASH & CASH
EQUIVALENT
112.08
5188.21
8907.31
2139.23
-5960.84
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Cash flow
(Rs. crore)
Mar ' 14
Mar ' 13
13,968.17 11,396.69
Mar ' 12
Mar ' 10
6,760.70
5,345.32
1,869.21
6,150.73
6,838.37
112.08
8,803.42
Mar ' 11
2,989.72 28,751.76
5,188.21
3,105.97
1,382.62
2,139.23 -5,960.84
8,907.13
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MAR'14
( Cr.)
MAR'13
( Cr.)
Change
%
13,968.17
11,396.69
22.56%
1,717.93
1,737.27
-1.11%
-6,856.51
1,166.95
687.56%
4,668.60
11,102.01
-57.95%
12,246.48
-9,431.56
-29.85%
6,838.37
2,989.72
128.73%
851.59
528.03
61.28%
-739.51
4,660.17
115.87%
41,417.52
36,229.31
14.32%
0.00
0.00
0.00%
0.00
0.00
0.00%
0.00
0.00
0.00%
0.00
0.00
0.00%
41,529.60
41,417.52
0.27%
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METHODOLOGY OF DATA
COLLECTION
THERE ARE TWO METHODS OF DATA COLLECTION
PRIMARY DATA
The primary data needed for the project analysis has been collected
through unstructured interviews and discussions conducted with the
finance department.
SECONDARY DATA
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HYPOTHESIS ANALYSIS
A hypothesis is a tentative statement about the relationship
between two or more variables. A hypothesis is made in order to find
out correct explanation of the phenomena.
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RECOMMENDATION &
SUGGESTION
After analysis and interpretation of the cash management
activities of icici bank & on the basis of references and final opinion, I
would like to give the following suggestions:-
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Conclusion
From the above analysis of data it can be concluded that icic
manage cash flow effectively by using various method. the bank has a
wide customers base , so the bank should concentrate on this to retain
these customers .
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BIBLIOGRAPHY
BOOKS
FINANCIAL MANAGEMENT
BY DR.P.C. TULSIAN
FINANCIAL MANAGEMENT
BY L.M. PANDAY
CASH MANAGEMENT
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