Tuesday, August 24, 2010

Board of Directors : ICICI

The Board of Directors of ICICI Bank Limited (NYSE: IBN) has appointed
Mr. Homi R. Khusrokhan and Mr. V. Sridar as non-executive Directors.
Mr. Homi R. Khusrokhan retired as the Managing Director of Tata
Chemicals Limited in 2008. He has over 40 years experience in the
corporate sector. He has earlier been the Managing Director of Tata Tea
Limited and Glaxo India Limited. He has experience and expertise in
agriculture related businesses, international business and mergers &
acquisitions.
Mr. V. Sridar retired as Chairman & Managing Director of UCO Bank in
2007. He has over 35 years of experience in the Indian banking sector. He
started his career with Union Bank of India. Prior to becoming Chairman &
Managing Director of UCO Bank, he was Chairman of the National
Housing Bank and Executive Director of UCO Bank.
Mr. Homi R. Khusrokhan and Mr. V. Sridar would hold office up to the date
of the next Annual General Meeting, when their appointment would be
considered by the shareholders of ICICI Bank.
Mr. P. M. Sinha, non-executive Director of ICICI Bank, today retired from
the Board on completion of the maximum tenure of eight years permitted
for non-executive Directors of banks under the Banking Regulation Act.
Mr. Sinha joined the Board of ICICI Bank in January 2002, and his guidance
has been invaluable to the Bank during a period of growth and
transformation. The Board of Directors placed on its record its deep
appreciation of Mr. Sinha’s contribution to the Bank.

ICICI Bank wins the Asian Banker Award for Excellence in SME Banking 2009

Mumbai: ICICI Bank, the largest private sector bank in India, has been awarded the Best SME
Banking Award for the year 2009 at the Ninth Asian Banker Excellence in Retail Financial Services
Awards Programme.
ICICI Bank emerged as the winner amidst over 120 banks and financial institutions from 23
countries across the Asia Pacific, Gulf and Central Asian regions ,which were evaluated as part of
the Excellence in Retail Financial Services Programme by The Asian Banker.
ICICI Bank has been a pioneer in servicing SME customers not only for their lending needs but
also through transaction banking services, cash management services, trade services, etc. ICICI
Bank has effectively segmented its SME customers according to clusters, which enables the bank
to customise its service approach and manage risk. The Bank also encourages the spirit of
entrepreneurship by recognising & honoring the outstanding SMEs through Emerging India
Awards every year. ICICI Bank has various other SME centric initiatives such as SME CEO
Knowledge Series and the SME Tool Kit to address the knowledge gap and provide the much
required business advisory services to the SMEs to enhance their competitiveness in the
globalising economy.
According to Mrs.Chanda Kochhar, MD & CEO, ICICI Bank said, “ICICI Bank has built a sustainable
and profitable business proposition in the SME business. We follow a cluster approach on the
lending side which helps us get a better understanding of the sectors and develop credit proxies
to evaluate their business. We see this award as a recognition of our efforts in the SME space. We
would like to take this opportunity to thank our, close to seven hundred thousand SME customers
who have placed their trust and support in banking with us .”
“ICICI Bank stood out by excelling in the segmentation of portfolio and innovative approaches in
its operations, showing strong leadership in the SME banking market in 2009,” said Mr. Chris
Kapfer, head of the Excellence in Retail Financial Services Programme at The Asian Banker.
About ICICI Bank:
ICICI Bank Ltd (NYSE:IBN) is India's largest private sector bank and the second largest bank in the
country with consolidated total assets of about US$ 103 billion as of December 31, 2009. ICICI
Bank’s subsidiaries include India’s leading private sector insurance companies and among its
largest securities brokerage firms, mutual funds and private equity firms. ICICI Bank’s presence
currently spans 19 countries, including India.

Change in Prime Lending Rate : ICICI

ICICI Bank has announced an increase of 0.50% in its prime lending rate with effect
from August 18, 2010. The revised rate will be 16.25% p.a. as against 15.75% p.a. at
present. ICICI Bank has also announced an increase of 0.50% in its Floating Reference
Rate (FRR) for consumer loans (including home loans). The revised FRR will be
13.25% p.a. as against 12.75% p.a. at present.
The above rates were used for determining interest rates on loans and advances upto
June 30, 2010. The fixed rate customers will not be impacted by the above increase
and their contracted rates will remain unchanged.
With effect from July 1, 2010, interest rate on new loans and advances including
consumer loans is determined with reference to ICICI Bank Base Rate (“I-Base”). IBase
has been maintained at 7.50% p.a. The Bank will also continue with its current
dual rate home loan scheme at existing rates.
Customers can call the ICICI Bank 24 hour customer care help line or log on to the
website (www.icicibank.com) for more details.
About ICICI Bank: ICICI Bank Limited (NYSE:IBN) is India's largest private sector bank
and the second largest bank in the country, with consolidated total assets of over
$100 billion at June 30, 2010. ICICI Bank’s subsidiaries include India’s leading private
sector insurance companies and among its largest securities brokerage firms, mutual
funds and private equity firms. ICICI Bank’s presence currently spans across 18
international locations.

Monday, August 23, 2010

Actual ICICI PO experience: Written test, GD & Interview

I had my Written test in Chennai centre. After my app test only I saw your interview tips. So I just prepared only percentage and loss & profit based problems (as I had problems related to it in Bank exam papers, which I downloaded through Google) and other than that I didn’t prepared anything.
My ICICI Written test experience is as follows:
1) English comprehension type in which we have to choose which one in true and false according to the passage.
I did well that part as I believe pure concentration is enough to choose the correct options. I didn’t read full passage but first I read the question and choose the answer for that from the paragraph. This helped me to take more time to choose correct answer.
2) Numerical Problem type: Half of the questions are known as I prepared %,loss & profit problems and I did well those problem and also solved some other problems and at last I had 10 to 8 unsolved problem which I do not know to answer. I choose the answer which I felt may be correct.
3) Verbal reasoning, in that also I choose which I felt as absolute one.
4) Solving diagram & shapes: Many sequential diagrams are given and asked to choose which one follows that sequence. First I find out what is the sequence in diagram and then chosen the answer.
Actual ICICI GD and PI interview experience:
I had my ICICI GD and PI interview on 21st February, 2009 in Chennai.
Mine is 9.45 batch and I went there by 9 am. We were asked to seat in canteen floor. When I went there the first batch (9.00) candidates are seated separately by 12 in group. Before I called for verification I made new friends there and spoke about what will be GD topic (it was case study) and had intro with them.
By 10.30 our batch had GD. An HR person gave us some 3 pages sheet and asked us to read it and speak about it. The GD topic given to us is AS A PRESIDENT OF AN UNIVERSITY HOW WILL I ALLOT MONEY FOR VARIOUS DEPT IN THAT UNIV.
After giving topic HR person went out for 5min and while going out he spoke to another HR person that he selected 11 in previous batch and I heard what he said. This gave me confidence that rejection is less so if we speak well and clear, we can be selected.
We had 15min to share our ideas and a girl in our batch started first. I kept silent for first 5 min and listened to others speech.
When I started to speak I said some points which others didn’t said and it was accepted by others too. Then at last HR asked us to stop and gave chances to persons who didn’t speak well. Then he asked one in us to give a conclusion. Ten of us got selected for PI.
We asked to have psychometric test in a private net center and four of my friends from our GD batch went together and finished that test.
By 4 pm I was called for PI. There were 3 cabins for PI. The instructor who called us, made 4 of us to sit near a cabin and others in 2nd cabin. I was waiting in 2nd cabin till 6 and kept me relaxed and cool.
The same instructor came and called my name and asked me WHY U’R SITTING? U R SUPPOSED TO BE IN 3rd CABIN?
For a min I got tensed coz he only asked me to sit in 2nd cabin.
Then I went to 3rd cabin and my friend was there in room. He was interviewed by 2 HR.I was sitting outside what HR would thought me as I was not there when I was called by them.
Finally my turn came, the first question asked to me is WHERE U HAVE BEEN WHEN WE CALLED U?
I explained what happened and they got convinced. My 2nd question was
ARE U READY TO WORK IF U POSTED ANYWHERE IN INDIA?
I said YES SIR,I CAN ADAPT TO ANY ENVIRONMENT SO I AM READY SIR.
3rd question ABOUT YOUR FAMILY? WHAT IS YOUR DAD’S ANNUAL INCOME?
I answered him. He noted the annual income I said and my dad’s profession.
4th question WHAT IS YOUR PERCENTAGE IN YOUR ACADEMICS?
I answered him. He noted the percentages also.
5th question DO U KNOW ANYTHING ABOUT ICICI?
I prepared well for this question and said its history, awards won in 2008 and about its total profit and assets detail in numbers.
6th question WILL U WORK IN SALES DEPT?
I took few seconds to answer him. I said that sales field is not suitable for me, I’m not having experience in sales and asked him what about other departments?
He asked me am I have any experience in solving customer problems, passing cheques…He said not to be worried they will train me and make sales field suitable for me. I said then I’m ready to work in sales sir.
At last he asked me DO U HAVE ANY QUESTION?
I said YES SIR ABOUT TRAINING.
He asked WHAT U WANT TO KNOW ABOUT TRAINING?
I said IS THERE ANT CUTT-OFF IN TRAINING TO GET CLEAR FOR GETTING JOB?
He said YES,U HAVE TO SCORE 80% OVERALL TO GET CLEAR.
I said OK SIR, THEN I WIL TRAIN HARD TO GET 80%
Then they shaken my hand and said OK , ALL THE BEST.
I said THANK YOU SIR and left the room.

Tuesday, May 18, 2010

ICICI Bank Probationary Officer Programme November 2010 & February 2011 Batch

ICICI Bank recruitment drive for Probationary Officers for November 2010 Batch & February 2011 Batch in June – July 2010. Applications for which will be invited during May – June 2010.
Please visit this page for further updates.
Current Notification
ICICI Bank is commencing ICICI Bank Probationary Officer Recruitment Drive for November 2010 & February 2011 Batch. Aptitude Test & Interview is likely to be conducted across India in July /August 2010.
Probationary Officer Programme is an initiative by ICICI Bank to attract bright graduate students to pursue a career in banking. It is designed to develop specialists with banking knowledge and skills to partially fulfill the future need of trained bankers .
Those selected will undergo a one year intensive residential classroom training and internship in the following areas:
* Corporate Banking
* Private Banking
* Risk and Credit Management
* Treasury
* Branch Management
* Relationship Management
The training will be held in Bangalore or any other location in India as decided by ICICI Bank. During the training, a stipend will be given to candidates to meet out of pocket expenses. On successful completion of the program they will be absorbed as Assistant Manager.
Eligibility Criteria for Test:
* Completed graduation with 55% (Aggregate) in any discipline.
* Up to 25 years of age as on November 01,2010 (should have been born on or after November 01,1985).
* Ensure you select your **Preferred Interview Location.
Last date of registration June 30, 2010. .
What is the selection procedure?
The selection will be through a multi stage selection process comprising of:
* Aptitude Test
* Group Process
* Profiling
* Interview
Who can apply?
* Graduates with 55% in any discipline
* Up to 25 years of age as on November 01,2010
If selected, You will undergo a one year intensive residential classroom training and internship with a stipend. All cost of the program including fooding & lodging will be borne by ICICI Bank. On successful completion of the program you will be absorbed as Assistant Manager – Band I at a gross salary of more than Rs. 3.5 Lakhs per annum.
1. What is ICICI Bank PO Programme?
It is an initiative by ICICI Bank to attract bright graduate students to pursue a career in banking. It is an attempt to create specialist graduate students with banking knowledge and skills.
2. How can I apply?
Log on to www.icicicareers.com and fill up the application form online. Test Dates & Locations will be announced at a later date for which you will get an e-mail/SMS.
3. Who can apply?
* Completed graduation with 55% (Aggregate) in any discipline.
* Up to 25 years of age as on November 01,2010 ( should have been born on or after November 01,1985)
Only short-listed applicants will be invited for the selection process.
4. What are the areas in which training will be provided?
Applicants joining the Probationary Programme will be enrolled for MBA in Banking and Finance. Its is UGC approved program and Manipal University awards the degree.
MBA (Banking & Finance) course duration is for a period of 30 months (2 ½ years) with the maximum period for completion being 60 months.
MBA (Banking & Finance) program consists of two phase,
First Phase:
o Comprising of 12 months of On campus program(9 months of classroom training & 3 months of internship in ICICI Bank).
o On successful completion of the first 12 months of training POs will be awarded the Post Graduate Diploma in Banking from ICICI Manipal Academy.
o On successful completion of the first 12 months of training program, the POs will be absorbed as Assistant Managers in the Bank
o On Campus program comprises of Semester I and II and is designed to provide banking skills to perform effectively in a banking environment.
The students are provided with an exit option after successfully completing the first year of the MBA (Banking & Finance) program. Such students are allowed to exit the MBA program with a Post Graduate Diploma in Banking (PGDB).
However POs who wish to continue with the MBA (Banking & Finance) program are allowed to rejoin the MBA (Banking & Finance) program within 1 year of their completion of PGDB from IMA campus. Such students, by virtue of their being Assistant Managers working at different branches/locations of ICICI Bank will be provided their lectures and study materials online.
Second Phase:
o Comprising of 18 months of Online Training.(3 Semesters viz, III, IV & V) are designed to provide managerial skills to the students in a working and business environment.
o Students who have chosen to continue with their MBA (Banking & Finance) program can pursue the Second phase along with their Job at ICICI Bank.
*** Placement in specialization based on Bank’s needs and decision