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    Mergers by Icici Group

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    Himanshu Nazkani
    The Industrial Credit and Investment Corporation of India (ICICI) was established in 1955 as a development financial institution in India. Over time, ICICI merged with several other financial institutions to expand its operations and increase its customer base, including the merger with the Bank of Madura in 2002. This merger created a larger private sector bank and gave ICICI access to more branches, customers, and deposits in South India.

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    Mergers by Icici Group

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    Himanshu Nazkani
    186 views10 pages
    The Industrial Credit and Investment Corporation of India (ICICI) was established in 1955 as a development financial institution in India. Over time, ICICI merged with several other financial institutions to expand its operations and increase its customer base, including the merger with the Bank of Madura in 2002. This merger created a larger private sector bank and gave ICICI access to more branches, customers, and deposits in South India.

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    Mergers by ICICI group

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    The Industrial Credit and Investment Corporation of India (ICICI) was established in 1955 as a development financial institution in India. Over time, ICICI merged with several other financial institutions to expand its operations and increase its customer base, including the merger with the Bank of Madura in 2002. This merger created a larger private sector bank and gave ICICI access to more branches, customers, and deposits in South India.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    186 views10 pages

    Mergers by Icici Group

    Uploaded by

    Himanshu Nazkani
    The Industrial Credit and Investment Corporation of India (ICICI) was established in 1955 as a development financial institution in India. Over time, ICICI merged with several other financial institutions to expand its operations and increase its customer base, including the merger with the Bank of Madura in 2002. This merger created a larger private sector bank and gave ICICI access to more branches, customers, and deposits in South India.

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    Download as pptx, pdf, or txt
    of 10

    Industrial credit and investment corporation- 1955

    An initiative of World Bank, government of India and representatives Indian industries. To create a developmental financial institution for providing medium-term and long term project financing to Indian businesses.

    www.bmsproject.weebly.com ; www.mymba.weebly.com

    During 1997-98, ICICI announced three mergers: SCICI (Shipping credit and investment corporation of India)

    - Strength in infrastructure financing, and in the shipping line of credit


    which formed 27% of SCICI`s business. ITC Classic finance Ltd - Non banking financial arm of ITC Ltd - ITC Ltd Was desperately scouting for a buyer for ITC classic, which had accumulated losses of over Rs 300 crore. - As a pre condition to merger, ITC had committed to inject Rs 350 crore into ITC classic by way of preference capital of 20 years maturity, carrying a nominal dividend. Anagram - Retail portfolio of Anagram, active in lease and high purchase, car finance, truck finance and consumer finance attracted ICICI.
    Improvements branches franchisees ITC Classic Anagram 10 50 12 -Depositor base 7,00,000 2,50,000

    www.bmsproject.weebly.com ; www.mymba.weebly.com

    ICICI Bank- Bank of Madura Merger


    ICICI bank- 1994 A new generation private sector bank First Indian bank to be listed on New York stock exchange By 2002, total assets of about $79 billion , a network over 950 branches, 3500 ATMs and 24 million customers. US $ 81 billion at March 31, 2010, network of 2,506 branches and 5,808 ATMs in India, and has a presence in 19 countries
    www.bmsproject.weebly.com ; www.mymba.weebly.com

    Bank of Madura- 1943 South Indian bank Track record of 57 years and strong brand name. Profitable , well capitalized private sector bank Had low cost of deposits, at 7.3% and high return on equity, 21.3 % Total assets of Rs 39.88 billion and deposits of rs 33.95 billion at the time of merger
    www.bmsproject.weebly.com ; www.mymba.weebly.com

    Enhanced customer base in south India, geographical base, and shareholder value ICICI bank became richer by 260 branches, 2500 personnel, deposit base of around Rs 37 crore With combined assets of Rs 16,000 crore- amongst the largest private sector bank in India, with strong financial and operational structure which have given greater capability for resource/deposit mobilisation. Cross selling of products and services of ICICI group Enabled ICICI bank to provide ATMs, phone and internet banking Access to 87 rural and 88 semi urban branches. Microfinance activities through self-help groups and agricultural sectors under its priority sector initiatives.
    www.bmsproject.weebly.com ; www.mymba.weebly.com

    Outcomes of the merger:

    Reverse Merger of ICICI with ICICI bank- 31st March 2002


    Reasons ??? Aimed at becoming a universal bank and the reverse merger made it the second largest bank in India with an asset base of over Rs 95,000 crore Merger brought development institutions (IDBI, ICICIcreated to meet financial requirements of of Indian Industry) into domain of retail banking. ICICI bank wanted to wipe its huge portfolio of bad assets and make retail account for 45% of the total loans. K V Kamnath`s univeral banking project was internally code named PROJECT DREAM.
    www.bmsproject.weebly.com ; www.mymba.weebly.com

    Merger of two wholly subsidiaries of ICICI- ICICi personal financial services and ICICI capital services- 2002 Elements of New strategy focuses on issues:
    Aggressive capital management Optimal size Technology intensive multi channe delivery architecture World class skill bases Enduring customer relationships
    www.bmsproject.weebly.com ; www.mymba.weebly.com

    www.bmsproject.weebly.com ; www.mymba.weebly.com

    www.bmsproject.weebly.com ; www.mymba.weebly.com

    ICICI group today - a virtual universal bank


    Retail Financial Services
    ICICI Internet
    B2B Consumer Finance Portals Web Trade Venture Capital

    Corporate Financial Services


    ICICI ICICI Bank ICICI Securities ICICI Brokerage

    ICICI Bank
    ICICI Capital ICICI Prudential ICICI Web Trade

    Technology Platforms
    Payment Gateway Customer Relationship Management Financial Vertical Web Technologies

    ICICI Venture

    ICICI PFS
    ICICI Home

    ICICI Infotech
    ICICI Lombard

    based on key building blocks present across the group

    www.bmsproject.weebly.com ; www.mymba.weebly.com

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