ICICI Bank 2003 Annual Report Download - page 15

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13
Business Overview
ICICI Bank-led consortium for the setting up of a multi-commodity exchange for trading in
various commodities.
ORGANIZATION STRUCTURE
ICICI Bank’s organizational structure is designed to support its business goals, and is flexible
while at the same time seeking to ensure effective control and supervision and consistency
in standards across business groups. The organization structure is divided into five principal
groups – Retail Banking, Wholesale Banking, Project Finance & Special Assets Management,
International Business and Corporate Centre.
The Retail Banking Group comprises ICICI Bank’s retail assets business including various
retail credit products, retail liabilities (including our own deposit accounts and services as
well as distribution of third party liability products), and credit products and banking services
for the small enterprises segment.
The Wholesale Banking Group comprises ICICI Bank’s corporate banking business including
credit products and banking services, with dedicated groups for corporate clients,
Government sector clients, financial institutions and rural and micro-banking and
agri-business. Structured finance, credit portfolio management and proprietary trading also
form part of this group.
The Project Finance Group comprises our project finance operations for infrastructure, oil &
gas and manufacturing sectors. The Special Assets Management Group is responsible for
large non-performing and restructured loans.
The International Business Group is responsible for ICICI Bank’s international operations,
including its entry into various geographies as well as products and services for non-resident
Indians (NRIs).
The Corporate Centre comprises all shared services and corporate functions, including finance
and balance sheet management, secretarial, investor relations, risk management, legal, human
resources and corporate branding and communications.
BUSINESS REVIEW
During fiscal 2003, ICICI Bank successfully continued the process of diversifying its asset
base and building a de-risked portfolio. Our ability to develop customized solutions, our
speed of execution and our successful leveraging of technology have helped us develop
innovative financial solutions for our customers in diverse areas such as the retail segment,
agri-business and the corporate sector.
Foreseeing and indeed, driving
change, adapting to it and
continuously raising the bar
higher is what keeps us
motivated and focused.
This is supported by a flexible
corporate structure that
encourages initiative and
innovation.
Kalpana Morparia
Executive Director