ICICI Bank 2011 Annual Report Download - page 45

products and services in the countries that we operate or where a material number of our customers reside, our ability
to successfully implement our strategy, including our use of the Internet and other technology, our rural expansion,
our exploration of merger and acquisition opportunities both in and outside of India, our ability to integrate recent or
future mergers or acquisitions into our operations and manage the risks associated with such acquisitions to achieve
our strategic and financial objectives, our ability to manage the increased complexity of the risks we face following
our rapid international growth, future levels of impaired loans, our growth and expansion in domestic and overseas
markets, the adequacy of our allowance for credit and investment losses, technological changes, investment income,
our ability to market new products, cash flow projections, the outcome of any legal, tax or regulatory proceedings
in India and in other jurisdictions we are or become a party to, the future impact of new accounting standards, our
ability to implement our dividend policy, the impact of changes in banking regulations and other regulatory changes in
India and other jurisdictions on us, the state of the global financial system and other systemic risks, the bond and loan
market conditions and availability of liquidity amongst the investor community in these markets, the nature of credit
spreads, interest spreads from time to time, including the possibility of increasing credit spreads or interest rates, our
ability to roll over our short-term funding sources and our exposure to credit, market and liquidity risks.
CREDIT RATINGS
ICICI Bank’s credit ratings by various credit rating agencies at March 31, 2011 are given below:
Agency Rating
Moody’s Investor Service (Moody’s) Baa21
Standard & Poor’s (S&P) BBB-1
Credit Analysis & Research Limited (CARE) CARE AAA
Investment Information and Credit Rating Agency (ICRA) LAAA
CRISIL Limited AAA
Japan Credit Rating Agency (JCRA) BBB+1
1. Senior foreign currency debt ratings.
PUBLIC RECOGNITION
The Bank received several awards during fiscal 2011 in India and abroad.
•“Most Trusted Brand“ among private sector banks in 2010 by Economic Times – Brand Equity Most Trusted
Brands and ranked 7th in the list of Top 50 service brands
•Ranked 2nd in the “Most Respected Company Awards 2011” in financial services sector by Business World
•Ranked 1st in the “Banking and Finance category “and 9th overall in the “2010 Best Companies To Work For” by
Business Today
•“Best Financial Inclusion Initiative” and runner up for “Best Online Bank” ,”Best Use Of Business Intelligence”, and
“Technology Bank Of The Year” in the Banking Technology Awards 2010 by Indian Banks Association
•Special Citation for the Fully Electronic Branch Service Channel at the Financial Insights Innovation Awards held
in conjunction with Asian Financial Services Congress
•“Most Tech-friendly Bank Award” by Business World
•Ranked 70th in the Brandirectory league tables of the “World’s most valuable brands” by The BrandFinance®
Banking 500
•“Excellence in Remittance Business” (Worldwide), “Excellence in NRI Services” (Worldwide) and “Excellence in
Private Banking Business”(APAC) by World Finance
•“Best Trade Finance Bank” and “Best Foreign Exchange Bank” (India) by Finance Asia Country Awards for Achievement
•“Best Trade Finance Bank” (India), by Asset Triple A
•“Best Trade Finance Bank” (South Asia) by Global Trade Review
•“Best Banking Security System” by Asian Banker
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