Despite being the second largest bank in the country after SBI in terms of asset size, ICICI Bank lost its share of the banking sector's advances from 10.2% in FY07 to 8% in FY12. At the end of March 2012, the bank had assets of over Rs 4.8 trillion and a franchise of over 9,000 ATMs and 2,750 branches spread across the country. Retail assets constituted 34% of advances in FY12 as against 65% in FY07. The bank is focusing on loan origination in the large corporate, SME and agrie segments and on non-fund based products and services. Besides the bank itself being the market leader across retail loan portfolios, its subsidiaries ICICI Life Insurance, ICICI General Insurance and ICICI AMC are leaders in their respective businesses.
A large number of women in the world are financially dependent on their husbands or parents. PersonalFN discusses why this is a cause of concern and the importance of financial independence among women.
Asad Dossani discuss when Portfolio Diversification Fails. Portfolio diversification can reduce your risk during normal market states. But when markets are crashing, portfolio diversification fails completely