A study on RBI and ICICI Bank in MGCGV university

Study on

1. MAHATMA GANDHI CHITRAKOOT GRAMODAYA VISHWAVIDYALA TOPIC – STUDY ON RBI WITH SPECIAL REFERENCE TO ICICI BANK SUBMITTED BY: SUBMITTED TO: PRIYA MISHRA VIPIN SIR

2. Company Profile 1. Introduction ICICI Bank (Industrial Credit and Investment Corporation of India) is one of India’s largest private sector banks, offering a wide range of financial products and services. Established in 1994 , it has grown into a major player in retail and corporate banking, serving millions of customers across India and globally.

3. 2. History and Background Founded in 1994 , promoted by ICICI Limited, an Indian financial institution. Became the first Indian bank to be listed on the New York Stock Exchange (NYSE) in 1999. Merged with Bank of Madura in 2001 and later acquired multiple banks to expand operations. 3. Headquarters and Presence Headquarters: Mumbai, Maharashtra, India. Branches & ATMs: Over 5,900+ branches and 16,500+ ATMs across India. Global Presence: Operations in 15+ countries, including the USA, UK, Canada, Singapore, UAE, and China.

4. 4. Key Services and Products ICICI Bank offers a wide range of banking and financial services, including: ✅ Retail Banking: Savings & Current Accounts, Fixed Deposits, Loans (Home, Auto, Personal, Education), Credit Cards. ✅ Corporate Banking: Business loans, Working Capital Finance, Trade & Forex services. ✅ Wealth Management: Investment banking, Mutual Funds, Insurance, Stock Trading. ✅ Digital Banking: Internet & Mobile Banking, UPI, IMPS, NEFT, RTGS, AI-based chatbots. ✅ International Banking: NRI accounts, Foreign Exchange, Global Remittances.

5. 5. Financial Performance Market Capitalization: Among the top banks in India by market value. Revenue & Profits: Consistently reports strong financial performance, with steady growth in assets and profits. Stock Listing: Listed on BSE, NSE, and NYSE . 6. Technological Innovations ICICI iMobile Pay: One of India's most advanced mobile banking apps. Blockchain and AI integration: Advanced security and automated banking services. First to introduce Contactless Debit & Credit Cards in India.

6. 7. Corporate Social Responsibility (CSR) Runs various social initiatives in education, healthcare, women empowerment, and rural development . Implements financial literacy programs to promote banking awareness. 8. Competitors Major competitors include HDFC Bank, SBI, Axis Bank, Kotak Mahindra Bank, and Yes Bank . 9. Awards & Recognitions Recognized as India’s Best Bank multiple times by global financial institutions. Awarded for digital banking innovations and customer service excellence

7. Functions of ICICI Bank with Special Reference to RBI ICICI Bank, like all banks in India, operates under the regulatory framework of the Reserve Bank of India (RBI). The relationship involves the following: Regulatory Compliance Must adhere to RBI’s regulations and guidelines, including: CRR (Cash Reserve Ratio) SLR (Statutory Liquidity Ratio) Basel norms (capital adequacy) Priority Sector Lending (PSL) targets Submission of regular reports and audits to RBI

8. 2. Monetary Policy Implementation RBI uses ICICI Bank (and other banks) to implement monetary policy tools: Changes in repo/reverse repo rate affect ICICI’s lending and deposit rates Open Market Operations (OMO) impact ICICI’s liquidity position 3. Lender of Last Resort In times of liquidity crisis, ICICI Bank can borrow from RBI under the Liquidity Adjustment Facility (LAF) or Marginal Standing Facility (MSF) 4. Currency Management ICICI Bank helps in distribution and withdrawal of currency notes as per RBI norms Detects and returns soiled or counterfeit notes to RBI

9. 5. Financial Inclusion ICICI Bank supports RBI’s initiatives like: Pradhan Mantri Jan Dhan Yojana (PMJDY) Banking through Business Correspondents (BCs) Direct Benefit Transfers (DBTs) 6. KYC and Anti-Money Laundering (AML) Compliance ICICI follows RBI-prescribed norms for Know Your Customer (KYC), AML, and Combating Financing of Terrorism (CFT) 7. Risk and Credit Monitoring ICICI Bank must report Non-Performing Assets (NPAs) and follow RBI’s asset classification and provisioning norms 

10. THANK YOU