A

PROJECT REPORT
ON

ANALYSIS OF FINANCIAL STATEMENTS OF

ICICI BANK LTD.
CONDUCTED AT:

ICICI BANK LTD.

SUBMITTED TO
Kurukshetra University, Kurukshetra in the Partial Fulfillment for the
Degree of Master in Business Administration
(Session 2008-2010)-MBA 4TH Semester

Under Supervision of :
MEGHNA MAM

Submitted By:
MINI

INTRODUCTION TO TOPIC
Financial Statements
Financial statements refer to such statements which contains financial information about
an enterprise. They report the profitability and the financial position of the business at the
end of accounting period. The term financial statement includes at least two statements
which the accountant prepares at the end of an accounting period. The two statements
are:1. The Balance Sheet
2. Profit And Loss Account
They provide some extremely useful information to the extent that balance Sheet mirrors
the financial position on a particular date in terms of the structure of assets, liabilities and
owners equity, and so on and the Profit And Loss account show s the results of operations
during a certain period of time in terms of the revenues obtained and the cost incurred
during the year. Thus the financial statement provides a summarized view of financial
positions and operation of a firm.

Meaning of Financial Analysis:

Financial statements present a mass of complex data in absolute monetary terms and
reveal little about the liquidity, solvency and profitability of the business. In financial
analysis, the data given in financial statements is classified into simple groups and a
comparison of various groups is made one another to pin-point the strong points and
weaknesses of a business. For instance, if all items relating to current assets are placed in
one group while all items relating to current liabilities are placed in another group, the
comparison between the two groups will provide useful information. Actually the figures
given in financial statements do not speak anything themselves. The analysis of these
figures helps the interested reader by giving tongue to these mute heaps of figures.

DEFINATION

In the words of Finney and Miller:

"Financial analysis consists in separating facts according to

some definite plan, arranging them in groups according to
certain circumstances and then presenting them in a
convenient and easily read and understandable form".

VERTICAL FORM OF BALANCE SHEET

BALANCE SHEET OF .. CO. LTD.
as at
Schedul
e No.

I.

SOURCES OF FUNDS:
1. Shareholder's Funds
(a) Capital
(b) Reserves an Surplus
2. Loan Funds:
(a) Secured Loans
(b) Unsecured Loans
Total

II.

APPLICATION OF FUNDS:
1. Fixed Assets:
(a) Gross Block
(b) Less Depreciation
2. Net Block:
3. Current Assets, Loans and Advances
(a) Inventories (Stock)
(b) Sundry Debtors
(c) Cash and Bank Balances
(d) Other Current Assets
(e) Loans and Advances
Less:
Current
Liabilities
and
Provisions:

Figures
as at the
end of
the
Current
years
Rs.

Figures
as at the
end of
the
previous
year Rs.

(a) Liabilities
(b) Provisions
Net Current Assets
4. (a) Miscellaneous Expenditure to the
extent not written off
(b) Profit & Loss Account Dr.
Balance
(Loss)
Total

SIGNIFICANAE OF FINANCIAL ANALYSIS

The significance of the financial statement analysis may be
studied from the point of view various parties as follows:
1.

Significance for Management: Management of a firm is always interested in the

solvency, profitability and the capital structure of the firm. They want to make sure
that the business must be in a solvent position to pay the debts as and when they fall
due.

2.

Significance for Investors: Investors and shareholders of the business are interested
in the longevity of the business enterprise and therefore, they want to know the
earning capacity of the business and its prospects for future growth and prosperity.

3.

Significance for Creditors: There are two types of creditors, (i) Short-term creditors,
and (ii) Long-term creditors.
(i)

Short-term creditors want to know the liquidity of the business, i.e., to know
whether the company will have sufficient current assets and cash to pay their debts
or not.

(ii)

Long-term creditors want to know two things namely: (1) Whether the company
will be able to pay the interest consistently, and (2) Whether the company will be
able to pay their debts when they fall due.

4.

Significance for Government: Government can judge on the basis of analysis of

financial statements, which industry is progressing on the desired lines and which
industry needs the financial help.

5.

Significance for other Financial Institutions: All the financial institutions which
provide finance to the industries such as Banks, Insurance Companies, Unit Trust etc.

6.

Significance for Stock Exchange Authorities: They analyse the financial statements
of a company to determine its price earning ratio and earning per share (E.P.S.). With
the help of such analysis, the market price of a company's share is determined.

7.

Significance for Researchers: Analysis of financial statements of a company is of

much importance to a researcher who is conducting research in respect of the
profitability, efficiency, financial soundness and future growth potential of that
company.

TYPES OR METHODS OF FINANCIAL ANALYSIS

Financial analysis is an art and as such there are various approaches towards financial
analysis. Two basic approaches or types of analysis are:
(i) Horizontal Analysis
(i)

(ii) Vertical Analysis

Horizontal Analysis: In such type of analysis, financial statements for a number

of years are reviewed and analysed. Figures for two or more years are contained in
such type of analysis and these figures are placed side-by-side to facilitate
comparison. Such analysis indicates the increase or decrease in these items not
only in absolute figures but also in percentage form. Thus, it involves making
comparisons and establishing relationship among related items of an enterprise for
a number of years. When data about sales, cost of production, profits etc., are
compared for two or more years of a firm, they indicate the areas of strength and
weakness of the enterprise. It also helps in knowing the trend of the business.
Since such type of analysis is based on the data from year-to-year rather than only
one year, it is also called 'Dynamic Analysis'.

(ii)

Vertical Analysis: In such type of analysis, financial statements for a single ratios.
It involves a study of the quantitative relationship among various items of Balance
Sheet or Profit & Loss Account of a single period. The items in the financial
statement are expressed as a percentage to total and the total is taken as equivalent
to 100. Statements containing such analysis are termed as 'Common Size
Statements'.
The Common Size Profit and Loss Account shows each element of Cost as a
percentage of sales. It helps in analysng cost and operating results of the year.

similarly in a common size Balance Sheet various assets can be expressed as

percentage o total assets.

OBJECTIVES OF STUDY
To overview and understand the procedure & financial and accounts department of ICICI
Bank and suggest recommendations to make the existing system more effective.
To analyse the financial statements of ICICI Bank
To determine changes in financial conditions of business.
To spot out strengths and weakness of company.
To give suggestions for the improvement of existing system so that it could be
implemented effectively with minimum cost and time.
To analyse the balance-sheet of ICICI Bank by making comparative balance sheet
of 2006 and 2007.
To spot out opportunities of ICICI Bank by calculating trend values of netprofits.

JUSTIFICATION OF STUDY
Financial Statements are prepared primarily for decision-making. They plat a dominant
role in setting the framework of managerial decisions. But the information in the financial
statement is not an end in itself as no meaningful can be drawn from these statements
alone.

The information provided in the financial statement is of immense use in making

decisions through analysis and interpretation of financial statements. The financial
analysis is the process of identifying the financial strength and weaknesses of the firm by
properly establishing relationship between the items of the balance sheet and P/L a/c.
The purpose of financial analysis is to diagnose the information contained in financial
statements so as to judge the profitability and financial soundness of the firm. The
analysis and interpretation of financial statements is essential to bring out the mystery
behind the figures in financial statements.
Financial statement analysis is an attempt to determine the significance and meaning of
financial statement data so that forecast may be made of the future earning, ability to pay
interest and debt maturities and profitability of a sound dividend policy.

LIMITATIONS OF STUDY
As we all know that every work that has to be performed by someone includes some
hurdles or says limitation. There are always some problems in each and every work. If
there were no problems the performing each task is so easy that everyone that does not
have any knowledge about the can also performs that work without and hurdle.
So the following are the some limitations or problems that are faced during the summer
training project
As the time period that is given to us for doing training was also too less. In a
short time period that is very difficult that we can get the knowledge about each
and everything related to our project.
Lack of knowledge about conducting the research makes it very difficult for us to
perform out task without any problem. As it was our first time that we indulge in
research project or say summer training project. The lack of experience made the
task difficult.
Getting the informations from the respondents is also a tedious task. As there are
many respondents that are not in a position to tell us correct information about the
project or study and also sometimes they do not show any interest.
They did not give me so much attention. In those days officers are quite busy
because they have to fulfill there target requirement.

LITERATURE REVIEW

Jain T.R1., Statistics for M.B.A., page no. 1-15, 281-284, 301-305(second part),
second edition: 2006-2007, V.K. (India) enterprise, Ambala city: these pages help
me to understand the meaning of my statistical tools and also help in applying
them.

Goel D.K.2 Management accounting and financial management, page no.4.1 to

4.83, third edition 2004, Avichal publishing company, New Delhi: this text book
helps me out to understand the meaning of different ratios and their meaning..

Gupta Shashi K. & Sharma R.K.3 Financial Management, and page no. 88- 110,
second edition V.K publication Delhi: form this book I have cleared my financial
concepts and their meanings.

Maheshwari S.N.4 management accounting and financial control, page no. 206219, third edition, Avichal publication: from the above pages I got light on some
analytical tools.

Kothari C.R.5 quantitative technique, page no.168-174, vikas publishing house

pvt. Ltd.New Delhi, 2005: this book helps me to know the meaning of various
steps in the marketing research.

Beri G. C.6 Marketing Research, page no. 1-13, third edition Tata McGraw Hill,
New Delhi: this book give me the knowledge of basic meaning of research that
what it means and what are its limitations..

Gupta S.P.7 statistical methods, page no. 221-249,321-356, fifth edition, V.K.
publishing: this book helps me in understanding the meaning and application of
statistical tools.

Pandey I.M.8 Financial Management page no. 215-239, fifth edition, Vikas
publication New Delhi: from this book I got the interpretation of various
parameters.

Sharma R.K.9 Management and Business Finance, page no. 77-89, second
edition, kalyani publication: help me to clear the meaning of varios terms in the
financial statements.

Lev. Baruch10 In this how analysis of financial statements of organization is done

and on the basis of that comment upon the financial position of the organization.

Hooda R.P.11 (209-212): Calculation of Trend Analysis and its interpretation.

Ciaran Walsh12 P.No. (113-122): Analysis of liquidity of any firm by calculating

current & liquid ratio.

Mittal.R.K13 (28-30): It explains the preparing of comparative Balance Sheet and

way of interpreting it.

www.icicibank.com: This website provides me balance sheet and profit & loss
account of ICICI Bank.

www.icicidirect.com: This website helps in analysis of financial statements

www.financemaster.com: This website helps in theory about analysis of financial

statements.

INTRODUCTION OF ICICI BANK

ICICI Bank is India's second-largest bank with total assets of about Rs. 1 trillion and a
network of about 540 branches and offices and over 1,000 ATMs. ICICI Bank offers a
wide range of banking products and financial services to corporate and retail customers
through a variety of delivery channels and through its specialised subsidiaries and
affiliates in the areas of investment banking, life and non-life insurance, venture capital,
asset management and information technology. ICICI Bank's equity shares are listed in
India on stock exchanges at Chennai, Delhi, Kolkata and Vadodara, the Stock Exchange,
Mumbai and the National Stock Exchange of India Limited and its American Depositary
Receipts (ADRs) are listed on the New York Stock Exchange (NYSE).
ICICI Bank was originally promoted in 1994 by ICICI Limited, an Indian financial
institution, and was its wholly-owned subsidiary. ICICI's shareholding in ICICI Bank was
reduced to 46% through a public offering of shares in India in fiscal 1998, an equity
offering in the form of ADRs listed on the NYSE in fiscal 2000, ICICI Bank's acquisition
of Bank of Madura Limited in an all-stock amalgamation in fiscal 2001, and secondary
market sales by ICICI to institutional investors in fiscal 2001 and fiscal 2002. ICICI was
formed in 1955 at the initiative of the World Bank, the Government of India and
representatives of Indian industry. The principal objective was to create a development
financial institution for providing medium-term and long-term project financing to Indian
businesses. In the 1990s, ICICI transformed its business from a development financial
institution offering only project finance to a diversified financial services group offering a
wide variety of products and services, both directly and through a number of subsidiaries
and affiliates like ICICI Bank. In 1999, ICICI become the first Indian company and the
first bank or financial institution from non-Japan Asia to be listed on the NYSE.

RESEARCH METHODOLOGY
Research is a systematic and continues method of defining a problem, collecting the facts
and analyzing them, reaching conclusion forming generalizations.
Research methodology is a way to systematically solve the problem. It may be
understood has a science of studying how research is done scientifically. In it we study
the various steps that all generally adopted by a researcher in studying his research
problem along with the logic behind them.
The scope of research methodology is wider than that of research method. Thus when we
talk of research methodology we not only talk of research methods but also consider the
logic behind the method we use in the context of our research study and explain why we
are using a particular method.
So we should consider the following steps in research methodology:
Meaning of research
Problem statement
Research design
Sample design
Data collection
Analysis and Interpretation of data

Meaning of Research
Research is defined as a scientific & systematic search for pertinent information on a
specific topic. Research is an art of scientific investigation. Research is a systemized
effort to gain new knowledge. It is a careful inquiry especially through search for new
facts in any branch of knowledge. The search for knowledge through objective and
systematic method of finding solution to a problem is a research.

Problem Statement
The research problems, in general refers to sum difficulty with a researcher experience in
the contest of either a particular a theoretical situation and want to obtain a salutation for
same. The present project has been undertaken to do the Financial Analysis at ICICI
BANK.

Research Design
A research is the arrangement of the conditions for the collections and analysis of the data
in a manner that aims to combine relevance to the research purpose with economy in
procedure. In fact, the research is design is the conceptual structure within which research
is conducted; it constitutes the blue print of the collection, measurement and analysis of
the data. As search the design includes an outline of what the researcher will do from
writing the hypothesis and its operational implication to the final analysis of data.
The design is such studies must be rigid and not flexible and most focus attention on the
following;
o What is the study about?
o Why is the study being made?
o Where will the study be carried out?
o What type of data is required?
o Where can be required data be found?
o What period of time will the study include?
o What will be sample design?
o What techniques of data collection will be used?
o How will the data be analyzed?
o In what style will the report be prepared?

Research Design can be categorized as:

Exploratory Research
Descriptive Research
Diagnostic Research
Experimental Research
The present study is descriptive in nature, as it studies only the existing financial
statement and no change is carried out. Research design is flexible enough to provide
opportunity for considering different aspects of problem under study. It helps in bringing
into focus some inherent weakness in enterprise regarding which in depth study can be
conducted by management.
Sampling design:
A sample design is a definite plan for obtaining a sample from the sampling frame. It
refers to the technique or the procedure that is adopted in selecting the sampling units
from which inferences about the population is drawn. Sampling design is determined
before the collection of the data.
Several decisions have to be taken in context to the decision about the appropriate sample
selection so that accurate data is obtained and efficient results are drawn.

Following questions have to be considered while sampling design What is the relevant population?
What is the parameter of interest?
What is the sampling frame?
What is the type of sample?
What sample size is needed?
How much will it cost?

The sample size of past one year is taken for present study due to time limitation.

Data Collection:
The task of data collection is begins after a research problem has been defined and
research designed/ plan chalked out. Data collection is to gather the data from the
population. The data can be collected of two types:
Primary data
Secondary data
Primary Data:
The Primary data are those, which are collected afresh and for the first time, and thus
happened to be original in character. There are several methods of primary data
collection:
Observation Method
Interview Method
Schedules Questionnaires
Secondary Data:
The Secondary data are those which have already been collected by some one else and
which have already been passed through the statistical tool. Methods of collection of
Secondary data are:
Books
Website
Journal.
In the present study I have made use of secondary data collected from their website and
from their records.

Analysis and Interpretation of Data

The data collected in the aforesaid manner have been tabulated in condensed from to
draw the meaningful results. The different techniques are adopted to analyze the data. All
the data and material is arranged through internal resources and the last part of the project

consists of the conclusions drawn from the report, a brief summary and recommendation
and giving the final touch to the report by stating a conclusion.

STATISTICAL TOOLS
(1)Correlation
Introduction in our day to day life, we find many examples when a mutual relationship
exists between two variables i.e. with fall or rise in the value of one variable, the fall or
rise take place in the value of other variable. For example, price of a commodity rises as
the demand for the commodity goes up. upto a certain time period, weight of a person
increases with the increase in the age. Similarly, the temperature rises with the rises in
the sunlight. These facts indicates that there is certainly some mutual relationship that
exists between the demand for a commodity and its price, the age of a person and his
commodity and the sunlight and temperature.
The correlation refers to the statistical technique used in measuring the closeness of the
relationship between the variables.
Definition of Correlation:
1.

"Correlation analysis deals with the association between two or more variables "
Simpson and Kafka

2.

"If two or more quantities vary in sympathy, so that movement in the one tend to
be accompanied by corresponding movements in the other, then they are said to be
correlated- Conner

Degree of Correlation
Sr. No.
1.
2.

Degree of correlation
Perfect correlation
High Degree of

Positive
+1
Between +0.75 to +1

Negative
-1
Between -0.75 to 1

3.

correlation
Moderate Degree of

Between +0.25 to

Between -0.25 to

4.

correlation
Low degree of

+0.75
Between 0 to +0.25

-0.75
Between 0 to -0.25

5.

correlation
Absence of correlation

Why to Use Correlation:

Different types of statistical tools are available but for using
specifically correlation is of having a major reason i.e. only this
and this statistical tool was giving the satisfactory results. I
have to show the relationship between sales and profits, which
can be purely defined with the help of this statistical tool only.
Furthermore, with the help of time series analysis we can define the further trends of
business by using trend analysis.

Karl Pearson's coefficient of correlation method:

Karl Pearson's coefficient of correlation method is the main important method to
calculate the correlation between two variables:

dx

dxdy
dx

dx dy
N

dy

dy

/ Financial expenses denoted by x.

Retained earning denoted by y.
2003
7944
707.05

X
Y

2004
7015.25
1028.39

2005
6570.89
1335.22

2006
9597.45
1862.46

2007
16358.50
2349.39

Calculation of coefficient correlation

dx2

7944
7015.25

A = 8000
dx
-56
-984.75

dy2

Dxdy

707.05
1028.3

A=1500
dy
-792.95
-471.61

3136
969732.56

628769.7
222415.99

44405.2
464417.94

6570.89

-1429.11

2042355.3

9
1335.2

-164.78

27152.448

235488.74

9597.45

1594.45

2542270.8

2
1862.4

362.46

131377.25

577924.34

16358.5

8358.5

69864522

6
2349.3

849.39

721463.37

7099626.3

0
N=5

dx

9
=

7483.09

-217.49

7483.09 - 217.49

7483.09

5
2

8421862.5
75422016

dy

75422016

8421862.5
75422016

dx2

1731178.7

- 217.49 2
5

1627497.2
5

55996635
47301.9
1731178.7
5
5

dy2
1731178.7

dxdy
8421862.5

8421862.5 325499.44
75422016 11199327 1731178.7 9460.38
8747361.9
64222689 1721718.4

8747361.9
747361.9

8013.90 1212.14 10515380.2

r = 0.83
It shows high degree positive correlation between financial
expenses and retained earnings.
XLSTAT 7.1 - Correlation Tests - 9/27/2007 at 6:57:56 PM
Variable 1: workbook = Book1 / sheet = Sheet1 / range = $E$8:$E$12 / 5 rows and 1 column
Variable 2: workbook = Book1 / sheet = Sheet1 / range = $F$8:$F$12 / 5 rows and 1 column
Significance level:
0.05
Scattergram of the data
2500

2000

1500
retained earning
1000

500

0
6000

8000

10000

12000

14000

16000

financial exp.

Pearson's correlation coefficient test (parametric test):

Observed value
Two-tailed pvalue

0.832
0.081

18000

Alpha

0.05

Decision:
At the level of significance Alpha=0.050 the decision is to not reject the
null hypothesis of absence of correlation.
In other words, the correlation is not significant.

(2)TREND ANALYSIS
Meaning
Trend refers to long-term tendency of data over a period of time. The data of time series
are subject to change over a period of time. But over a long period of time, the data of
time series have a tendency to increase or decrease or remain constant.

According to Prof. Hirsch

By Trend sometimes also called secular trend we mean the long run gradual growth or
decline in the series.

Objective of Trend Analysis/ Time series

1. Study of Past Behaviour- Analysis of time series studies the past behaviour of
data and indicates the changes that have taken place in the past.
2. Prediction for future - On the basis of analysis of time series, future predictions
can be made easily.
3. Estimation of Trade Cycles- Cyclical fluctuations in time series give idea about
the changes taking place in the business like Boom, Recession, Depression and
Recovery.
4. Comparison with other Time Series- By comparing the different time series
together, their cause and effect relationship can be more elaborately analyzed.

5. Study of Present Variations- It is also helpful in studying the present variations

in different economic variables like national income, export-import, price etc.
6. Universal Utility- Time series analysis benefits all classes like businessmen,
TREND ANALYSIS OF REPORTED NET PROFIT OF ICICI BANK
YEAR
2003
2004
2005
2006
2007

Profit Y (Rs. in
Crore)
1206.18
1637.11
2005.20
2540.07
3110.22
Y=10498.78

Deviations from XY

x2

2005 X
-2
-1
0
1
2
X=0

- 2412.36
-1637.11
0
2540.07
6220.44
XY=4711.04

The equation of the straight line trend is

Y= a + bX
Since x=0
a = y/N, b = xy/x2
Substituting values, we get
a = 10498.78/5 = 2099.756 = 2100 (app.)
b = 4711.04/10 = 471.104 = 471
Thus the straight line trend is
y = 2099 + 471x, Origin = 2006, X unit = 1 Year,

4
1
0
1
4
x2 = 10

YEAR
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012

ACTUAL VALUES
1206.18
1637.11
2005.20
2540.07
3110.22

TREND VALUES
1158
1629
2100
2571
3042
3513
3984
4455
4926
5397

Interpretation:
The Projection of Profit for the year 20010 is 4455 crore.
In the year 2005 was able to achieve more than its Expected Profits.
In the year 2006 was not able to achieve more than its Expected Profits.
In the year 2007 was not able to achieve its Expected Profits.
The Profits of Co. shows an increasing trend.

(3)CHI-SQUARE TEST
Set up the null hypothesis that observed reported net profit matches with expected net
profit.
Applying x2 test on the value of net profit.
Year

Observed value

Expected

(O E)

(O E)2

(O)
1637.11
2005.20
2540.07
3110.22

value (E)
1629
2100
2571
3042

8.11
-94.8
-30.93
68.22

65.77
8987.04
956.66
4653.96
(O-E)2

2004
2005
2006
2007

=14663.43
Degree of freedom = v = 4-1 = 3
The tabulated value of 2 at 5%
Level of significance for 3 d.f. = 7.82
The tabulated value of 2 at 5% level of significance for 3 d.f. = 7.82

Result:
Since the calculated value of 2 is more than the table value, so we do not accept the null
hypothesis and conclude that expected value of sales does not matches with observed
value of sales.

(4) ANOVA
Anova is essentially a procedure for testing the difference among different groups of data
for homogeneity.
Let us take the null hypothesis that there is no significant difference between the
variables.
YEAR
2003

PROFIT BEFORE
TAX(CR.)
947.28

PROFIT AFTER
TAX(CR.)
1212.68

2004

2001.21

1640.30

2005

2537.88

2007.28

2006

3112.17

2532.95

2007

3557.95

2995

TOTAL

12156.49

10388.21

MEAN OF SAMPLES
Mean of PBT = M1 = 2431.298
Mean of PAT = M2 = 2077.642
M12 = 2431.298+2077.642/2=2254.47
SS BETWEEN
n( M1 M12 )2 + n( M2 M12 )2
5(2431.298 2254.47)2 + 5(2077.642-2254.47 )2
= 313889

SS WITHIN
( 947.28 2431.298 )2 + (2001.21 2431.298 )2 + (2537.88 2431.298)2 + (3112.17
2431.298)2 + ( 3557.95 2431.298)2
=4130055
( 1212.68 2077.642)2 + ( 1640.30 2077.642)2 + ( 2007.28 2077.642) +
(2532.95 2077.642)2 + ( 2995 2077.642)2
= 1993843
TOTAL VARIANCE = 4130055+1993843=6123898
Source of
variation
Between sample
Within sample

SS
2254.47
6123898

DF

MS

2-1=1
4+4=8

2254.47
765487

F ratio
2254.47 / 765487= .0029
F (1, 8) = 5.32
The above table shows that the calculated value of F is .0029 which is less than the table
value of 5.32 at 5% significant level.
So, null hypothesis is accepted and we can say that there is no significance difference
between PBT and PAT.

Interpretation

According to above graph the null hypothesis is accepted that there is not so much
variation between PAT and PBT.

This simply means company is not paying so much tax.

It is very good for the company that there is a very low rate taxes.

CHAPTER SCHEME

CONTENTS

Acknowledgement

Preface

Executive Summary

Chapter/Contents

Introduction

Profile of the study

Justification of study

Organization Structure

Objectives of study

Literature Review

Research Methodology and Analytical Tools

Sampling &Sampling Design

Analytical Tools
Statistical Tools

Data Collection

Hypothesis Testing

Limitations of Study

Findings

Recommendations

Policy Implications

Bibliography

Annexure

REFRENCES

Jain T.R1., Statistics for M.B.A., page no. 1-15, 281-284, 301-305(second part),
second edition: 2006-2007, V.K. (India) enterprise, Ambala city: these pages help
me to understand the meaning of my statistical tools and also help in applying
them.

Goel D.K.2 Management accounting and financial management, page no.4.1 to

4.83, third edition 2004, Avichal publishing company, New Delhi: this text book
helps me out to understand the meaning of different ratios and their meaning..

Gupta Shashi K. & Sharma R.K.3 Financial Management, and page no. 88- 110,
second edition V.K publication Delhi: form this book I have cleared my financial
concepts and their meanings.

Maheshwari S.N.4 management accounting and financial control, page no. 206219, third edition, Avichal publication: from the above pages I got light on some
analytical tools.

Kothari C.R.5 quantitative technique, page no.168-174, vikas publishing house

pvt. Ltd.New Delhi, 2005: this book helps me to know the meaning of various
steps in the marketing research.

Beri G. C.6 Marketing Research, page no. 1-13, third edition Tata McGraw Hill,
New Delhi: this book give me the knowledge of basic meaning of research that
what it means and what are its limitations..

Gupta S.P.7 statistical methods, page no. 221-249,321-356, fifth edition, V.K.
publishing: this book helps me in understanding the meaning and application of
statistical tools.

Pandey I.M.8 Financial Management page no. 215-239, fifth edition, Vikas
publication New Delhi: from this book I got the interpretation of various
parameters.

Sharma R.K.9 Management and Business Finance, page no. 77-89, second
edition, kalyani publication: help me to clear the meaning of varios terms in the
financial statements.

Lev. Baruch10 In this how analysis of financial statements of organization is done

and on the basis of that comment upon the financial position of the organization.

Hooda R.P.11 (209-212): Calculation of Trend Analysis and its interpretation.

Ciaran Walsh12 P.No. (113-122): Analysis of liquidity of any firm by calculating

current & liquid ratio.

Mittal.R.K13 (28-30): It explains the preparing of comparative Balance Sheet and

way of interpreting it.

www.icicibank.com: This website provides me balance sheet and profit & loss
account of ICICI Bank.

www.icicidirect.com: This website helps in analysis of financial statements

www.financemaster.com: This website helps in theory about analysis of financial

statements.

BIBLIOGRAPHY
Books:
1.

Jain T.R., Statistics for M.B.A., page no. 1-15, 281-284, 301-305(second part),
second edition: 2006-2007, V.K. (India) enterprise, Ambala city

2.

Goel D.K. Management accounting and financial management, page no.4.1 to

4.83, third edition 2004, Avichal publishing company

3.

Gupta Shashi K. & Sharma R.K., Financial Management, and page no. 88- 110,
second edition V.K publication Delhi

4.

Maheshwari S.N., management accounting and financial control, page no. 206219, third edition, Avichal publication

5.

Kothari C.R., quantitative technique, page no.168-174, vikas publishing house pvt.
Ltd.New Delhi, 2005:

6.

Beri G. C., Marketing Research, page no. 1-13, third edition Tata McGraw Hill,
New Delhi

7.

Gupta S.P., statistical methods, page no. 221-249,321-356, fifth edition, V.K.
publishing

8.

Pandey I.M. Financial Management page no. 215-239, fifth edition, Vikas
publication New Delhi

9.

Sharma R.K, Management and Business Finance, page no. 77-89, second edition,
kalyani publication

10.

Baruch, Lev., Financial Statement Analysis-A new approach, Englewood cliffs,

N.J., Prentice Hall of India, 2006,p-11

11.

Hooda R.P.,Statistics for Business and Economics, Macmillan India Ltd., NEW
DELHI, p. no. 209-212

12.

Ciaran Walsh, Key Management Ratios, Macmillan India Ltd., NEW DELHI,1999
P.No.(113-122)

13.

Mittal.R.K, Management Accounting & Financial Management, V.K. (India)

Enterprises, New Delhi P. No. (28-30)

14.

Sharma S.C., Jain R.C., Business Statistics, pp.250-251.

Websites:
1.

www.icicibank.com

2.

info@icicibank.com

3.

www.icicidirect.com

4.

www.myris.com

5.

www.financemaster.com