ICICI Bank 2014 Annual Report Download - page 46

44
Business Overview
44
solutions and small ticket funding to the channel partners of large corporates. We have set up dedicated
desks in 318 branches catering to SMEs and have specialised teams for current accounts, trade finance,
cash management services and doorstep banking. We have also tailored our internet banking platform to
cater to their unique banking needs.
Fiscal 2014 was a challenging period for SMEs due to the moderation in economic activity and significant
fluctuations in the currency markets. We focused on calibrated portfolio growth and reducing concentration
levels within the portfolio. We maintained a cautious outlook on some sectors with enhanced monitoring
of existing relationships where required.
ICICI Bank has always viewed the SME segment as integral to India’s growth and will continue to partner
with SMEs while building a healthy portfolio.
Wholesale Banking
The Wholesale Banking Group’s core strategy has been to serve our corporate customers by providing
comprehensive and tailored financial solutions for doing business in India and key overseas geographies.
The group analyses business and financial requirements of clients and services them through a bouquet
of products ranging from working capital finance, export finance, trade and commercial banking products
to rupee and foreign currency term loans and structured finance products.
Our Corporate Banking Group is the front-end relationship team which acts as a single point of contact
for clients and services their requirements across businesses. The relationship team works closely with
specific teams like commercial banking, loan syndication, project finance, structured finance and the
markets group to develop suitable products that fulfill specific needs of clients.
The Commercial Banking Group offers comprehensive banking products and services to meet the trade,
transaction banking and cash management needs of companies. The group works closely with the Corporate
Banking Group to diversify the revenue streams from corporate clients and enhance the granularity and
stability of revenues for the Bank. Superior customer service levels through our mega branches combined
with technology-enabled solutions have helped in growing our transaction banking business.
The Syndications Group is a leading player in the loan syndication market. It specialises in structuring and
syndicating large loans. It acts as an arranger and underwriter for a variety of loans across corporate and
project finance transactions. It is an active player for India-linked loans in both the primary and secondary
loan distribution market. The diversified pool of clients enables us to align the unique requirements of
clients with the varying requirements of investors.
The Structured Finance Group designs innovative and customised products to meet the complex needs
of our global clientele in synergy with the Corporate Banking Group and International Banking Group. The
Structured Finance Group has successfully undertaken structured finance transactions in India, backed
by the Bank’s extensive experience, underwriting capabilities, industry expertise and global presence.
The relationship teams also work with the Markets Group to assist customers in addressing currency and
market risk in their businesses by offering relevant products.
During fiscal 2014, the Wholesale Banking Group focused on proactive monitoring of the portfolio given
the challenging economic environment, while continuing to grow its commercial and transaction banking
business. Going forward, the Wholesale Banking Group will continue to offer comprehensive financial