HR Practices of Bank-ICICI

Prepared By:HardikRahulJashuSmitalRushankHimanshu

What is Bank?

A bank is a financial intermediary.

accepts deposits

channels deposits into lending activities

directly or through capital markets

Basic Functions

Accepting of deposits – Current deposit Account– Fixed deposit – Savings deposit Account

Granting of loans– Loans– Making ordinary loans– Cash credit– Overdraft

Types of Banks

ICICI BANK LIMITED

Chairman: Kundapur Vaman Kamath  CEO:Chanda Kochhar ICICI Bank is India's second-largest bank with total assets of

Rs. 3,634.00 billion at March 31, 2010 and profit after tax Rs. 40.25 billion for the year ended March 31, 2010.

The Bank has a network of 2,528 branches and 6,000 ATMs in India, and has a presence in 19 countries, including India. 

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 in the areas of investment banking, life and non-life insurance, venture capital and asset management. 

HR practices: ICICI bank

ICICI Bank views its human capital as a key source of competitive advantage.

Consequently the development and management of human capital is an essential element of their strategy and a key management activity.

continuous improvement of recruitment, training and performance management processes.

The recruitment process has been streamlined and a uniform recruitment policy and process implemented across the organization.

Robust ability-testing and competency-profiling tools are being used to strengthen the campus recruitment process.

Contnd…..

ICICI Bank encourages cross-functional movement, enriching employees’ knowledge and experience and giving them a holistic view of the organization.

ICICI Bank has built strong capabilities in training and development to build competencies.

Training through web-based training modules. Special programmes on functional training and

leadership development to build knowledge as well as management ability are conducted at a dedicated training facility.

Contnd…

ICICI Bank seeks to build in all its employees a total commitment towards exceptional standards of performance and productivity, adaptability to changing organizational needs and the demands of the business environment and a willingness to learn and acquire new capabilities.

ICICI Bank believes in defining clear performance parameters for employees and empowering them to achieve their goals. This has helped to create a culture of high performance across the organization.

A smart trick…!!!

No promotion & No bonus but no attrition too…!! Have you ever seen the Chief of Human Resource coming out

and crying loud on no promotion, no bonus, no increment, and no hiring policy of a company??

ICICI bank is an exception and is doing this smartly. Two purposes : 1. Cutting down employee cost

2. Employee retention.o The first one doesn’t need any elaboration. But 2nd one is

surprizing, right…??!!!

Contnd….

The reason can be understandable by an example…

The day ICICI announces this policy, one of its employee tries his luck at some other company. As soon as the big question comes from the interviewer regarding salary hike, he replies that he is expecting a hike of 30%. Guess what the reply of interviewer is?

“Even after today’s announcement by your organization you are expecting a hike of 30%. Sorry to say but we can not offer a hike more than 10%.”

Finally he’ll decide not to leave……..