ICICI Bank 2009 Annual Report Download - page 7
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5Annual Report 2008-2009
The Power of Belief
and efficiency improvement. We have healthy
capital adequacy, sound liquidity and improved
cost efficiencies.
Looking ahead, we see favourable prospects
for the Indian economy. Our strong domestic
consumption and investment drivers will continue
to support healthy rates of growth over the
medium-term. India has weathered the global
storm with a high degree of resilience and we
expect the Indian economy to return to a robust
growth path ahead of other economies that are
experiencing recessionary conditions. Against
this backdrop, the ICICI Group sees before it a
wide opportunity spectrum: increasing household
incomes & consumption in both rural and urban
India; significant industrial & infrastructure
investment potential; and the vast Indian diaspora
spanning the globe. We, as a multi specialist
financial services group, are well positioned to
capitalise on these opportunities. We will continue
to participate in India’s growth by meeting the
financial services needs of the Indian economy.
As we prepare ourselves for the next phase of
growth, we will work on further diversifying our
funding profile and revenue streams.
We believe that the strategy that we have followed
and the franchise that we have built provide a
strong foundation for our growth in the years
to come. We look forward to the continued
support and goodwill of all our stakeholders in
our endeavour.
With best wishes,
Chanda D. Kochhar
Managing Director & CEO