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Accounts
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Account and more
Current account
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Anywhere Banking in India
* Multinational companiesInvest in India through our one-stop solution
* StartupAn end-to-end solution for startup founder which includes tailor
made bundled products
* CA for Power of AttorneyFacilities are available to customer in this
accounts without limitation on transactions like Cash
deposit/withdrawal
* Dividend AccountIt facilitates payments to shareholders / investors /
beneficiaries at specified locations across the country for dividend
* Government e-marketplace (GeM) accountAccount specifically designed for
government suppliers
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Foreign Entities and more
Specialized Current account
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Foreign Airline or Shipping Companies
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Account, Special non rupee resident account (SNRR)
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purchase transactions
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purchase of goods and services
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wide range of tenures
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Securities Account
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a/c for all the securities & commodities exchanges
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provided as margin with exchanges
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in dematerialized form
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EEFC Account
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exporters to retain their foreign currencies earned abroad
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Vostro account
* INR Vostro accountAs part of correspondent banking, ICICI Bank, India
offers Rupee account (INR) to foreign banks.
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Transact
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Online Platform
* Corporate Internet BankingICICI Bank's Corporate Internet Banking (CIB)
is a one stop shop for all your online banking needs
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transaction
* InstaBIZInstaBIZ is an app for business customers to access banking
accounts and do transactions on both mobile and tablet devices
* Forex PlatformsSeamless execution and market making through a range of
channels for your remittance requirements
* TradechainTrade chain: One solution for all your Domestic Trade
Requirement
* Corporate SWIFTSWIFT India, a joint venture between Swift Global and 11
local banks
* CorpConnectCorpConnect and more
* Trade servicesDigital Solutions, Imports, Business FX, iDealz, CCIL – FX
Retail, iBullion
Trade services
* Digital Solutionse-LC, e-BG, e-DOCS, e-SOFTEX, i-DOCS, i-FIRS, i-BoE,
e-WAY BILL
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* API SolutionsAPI Solutions and more
* Foreign Direct InvestmentForeign Direct Investment and more
* Cash management ServicesDigital Payments, Digital Collections and more
Cash management Services
* Digital PaymentsBulk Payments, Salary Payments, Bill Payments
* Digital CollectionsAPI based collection, E-collection (Virtual
Account), Pay2Corp
* Cash & ChequeDoorstep Banking, Digi-Q, Cheque collection
* Statutory SolutionsTax Payments, Employee Provident Fund Payment (EPF),
Employee State Insurance Payment (ESI)
* Specialized ServicesCustomized statements, Supply chain Solutions,
Liquidity management system
* Connected EnterpriseAPI Platform, Host to Host, SWIFT, SFTP
* GSTMake your GST payments through our branch or with internet banking
* FactoringDomestic factoring, Export factoring and more
Factoring
* Domestic factoringDomestic factoring and more
* Export factoringExport factoring and more
* Reverse FactoringReverse Factoring and more
* Global Market ServicesForex Desk, Derivative Desk and more
Global Market Services
* Forex DeskCustomised Hedging and Trading solutions, across markets and
time zones, through dedicated Forex Relationship Managers
* Derivative DeskOffers customised Hedging solutions to clients by
structuring using Interest Rate (IR) and Foreign Exchange (FX) products
like Swaps and Options
* Bullion DeskSupplying physical Gold/Silver to Bullion traders and
jewellery manufacturers by way of Outright sale and Gold Metal Loan
products
* Bond DeskOur Debt Syndication Desk offers end-to-end services related
to the origination and placement of bonds & commercial papers across
various Issuer and Investor segments
* Custodial ServicesDDP Registration, Depository Participant (DP) Services
and more
Custodial Services
* DDP RegistrationDDP Registration and more
* Depository Participant (DP) ServicesDepository Participant (DP)
Services
* Equities and Fixed Income InstrumentsEquities and Fixed Income
Instruments and more
* Derivatives clearing servicesDerivatives clearing services and more
* Local Custodian for Depository ReceiptsLocal Custodian for Depository
Receipts
* Fund accountingFund accounting and more
* Web CustodyWeb Custody and more
* CSGL servicesCSGL services and more
* Income CollectionIncome Collection and more
* Corporate ActionsCorporate Actions and more
* Regulatory reporting & important LinksRegulatory reporting & important
Links
* Tax Payment SupportTax Payment Support and more
* Capital Market ServicesProfessional Clearing Services, Settlement services
for exchanges and more
Capital Market Services
* Professional Clearing ServicesFor cash, currency, future & options and
more
* Settlement services for exchangesFor all the Domestic and IBU-Gift City
exchanges and more
* Digital solutions for Bulk Collection & PaymentsTo take care of Pay in
& Pay outs from end clients
* CSGL Account ServicesFacilitates clearing, settlement & related
services for G-Sec and T-bill
* Collection Banker for primary market issuancesLeading Bankers to the
Issue (BTI) and collecting bankers for all types primary market
issuances
* Sponsor BankerAs a sponsor banker for UPI enabled IPO deals
* Escrow and Paying BankerFor mergers and acquisitions; Exit
Offers-Delisting & Open Offer
* CreditPopular, Others, Capital Market Services and more
Credit
* PopularOverdraft, Financial Supply Chain Management (FSCM) and more
Popular
* Resolution Framework 2.0Resolution Framework 2.0 as per RBI Guidelines
for COVID-19 related stress
* OverdraftOverdraft and more
* Financial Supply Chain Management (FSCM)Financial Supply Chain
Management (FSCM) and more
* Trade Receivables Discounting System (TReDS)Trade Receivables
Discounting System (TReDS) and more
* Letter of Credit Backed Bill Discounting (LCBD)Letter of Credit Backed
Bill Discounting (LCBD) and more
* e-Discounting Systeme-Discounting System and more
* FactoringFactoring and more
* Reverse FactoringReverse Factoring and more
* Corporate CardsCorporate Cards and more
* OthersExport Finance, Import Finance, Commercial Paper and more
Others
* Export FinanceExport Finance and more
* Import FinanceImport Finance and more
* Cash/SBLC backed facilitiesCash/SBLC backed facilities and more
* Commercial PaperCommercial Paper and more
* Gold Metal LoanProduct offering, where a jeweller borrows gold metal
instead of working capital limit in INR and settles the loan with sale
proceeds
* Working Capital FacilityWorking Capital Facility and more
* Capital Market ServicesIntraday limits, Overdraft limits and more
Capital Market Services
* Bank guarantees for exchange margin purposeBank guarantees for exchange
margin purpose
* Intraday limitsIntraday limits and more
* Overdraft limitsOverdraft limits and more
* Working Capital Demand Loan (WCDL)Working Capital Demand Loan (WCDL)
* Loan against own securitiesLoan against own securities and more
* Loan against propertyLoan against property and more
* Non fund based productsLetter of credit, Bank guarantee and more
Non fund based products
* Letter of creditLetter of credit and more
* Bank guarantee (Performance/ Financial)Bank guarantee (Performance/
Financial)
* SBLC for Buyers credit/ Bank guaranteeSBLC for Buyers credit/ Bank
guarantee
* Derivative limitsDerivative limits
* Fund based productsCMS facility, Overdraft limits and more
Fund based products
* CMS facility – for cheque collectionCMS facility – for cheque
collection
* Foreign currency term loan (FCTL)Foreign currency term loan (FCTL)
* Line of credit for short term loan (LOCSTL)Line of credit for short
term loan (LOCSTL)
* One time short term loan (OTSTL)One time short term loan (OTSTL)
* Working capital demand loan (WCDL)Working capital demand loan (WCDL)
* Export packing credit / pre shipment credit in foreign currency (EPC/
PCFC)Export packing credit / pre shipment credit in foreign currency
(EPC/ PCFC)
* Post shipment creditPost shipment credit and more
* Foreign Currency Non Resident Account (FCNR B)Foreign Currency Non
Resident Account (FCNR B)
* External Commercial Borrowing (ECB)External Commercial Borrowing (ECB)
* Mutual fund backed OverdraftMutual fund backed Overdraft and more
* Fixed Deposit backed OverdraftFixed Deposit backed Overdraft and more
* Non-convertible debenturesNon-convertible debentures and more
* Targeted Long Term Repo Operation (TLTRO)Targeted Long Term Repo
Operation (TLTRO)
* Foreign Currency Convertible Bond (FCCB)Foreign Currency Convertible
Bond (FCCB)
* Domestic FactoringDomestic Factoring and more
* Export factoringExport factoring and more
* Payables financingPayables financing and more
* Reimbursement financingReimbursement financing and more
* CareCare for Self, Care for Employee and more
Care
* Care for SelfTrade One view & MIS, i-BOE and more
Care for Self
* Trade One view & MISTrade One view & MIS and more
* i-FIRSi-FIRS and more
* i-BOEi-BOE and more
* iTreasurySeamless integration of Pre-trade, At-trade and Post–trade
services under one roof
* Liquidity Management SystemLiquidity Management System and more
* Care for EmployeeInsurance Services, Salary, Housing Loan and more
Care for Employee
* Salary, Housing Loan/Personal Loan/Credit cardSalary, Housing
Loan/Personal Loan/Credit card
* Insurance ServicesInsurance Services and more
* Online Remittance solutions for individualsOnline Remittance solutions
for individuals – M2I & M2W, Instant forex solutions for travelers
* Care for PartnerSupply Chain Solutions and more
Care for Partner
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* GrowthSpecialized solution, Economic Research and more
Growth
* Specialized solutioneASBA, FDI/ODI, Venture capital and more
Specialized solution
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* FDI/ODIFDI/ODI and more
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* Capital Account servicesCapital Account services and more
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Morning Market Starter
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08th Sep 2021 – 10:00 am
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Core sector update July 2021
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01st Sep 2021 – 11:44 am
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Jackson Hole Response August 2021
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NEWS FEED
The Reserve Bank of Australia maintained status quo by keeping its policy rate
unchanged at 0.1% and maintaining its yield curve control program. It maintained
its decision that was made in the July policy meeting to stick to purchasing
government bonds at a lower rate of AUD 4 bn per week at least till
mid-February-2021 from AUD 5 bn per week.
08th Sep 2021 – 9:18 am
The RBI announced a 7-day variable reverse repo (VRRR) auction of INR 500 bn
that is in addition to the INR 3.5 tn in 14-day VRRR that is scheduled for
September 9th, 2021.
07th Sep 2021 – 9:19 am
US non-farm payrolls increase of 235K in August was the lowest that was seen in
the last seven months and illustrates the fact that the delta variant is playing
a more prominent role in weighing in on economic activity
06th Sep 2021 – 10:00 am
India’s trade deficit widened from USD 10.97 bn in July to USD 13.9 bn in August
reflecting some sequential softening in exports and pick-up in imports
performance.
03rd Sep 2021 – 9:41 am
WEEKLY PUBLIC POLL
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I360 INDICES
UFI 08-Aug-21
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12th Aug 2021 – 09:22 am
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CENTRAL BANK ZONE
* RBI
* FED
* BOE
* ECB
* PBOC
Reserve Bank of India
In its policy meeting in August, the Monetary Policy Committee (MPC) voted
unanimously to maintain status quo on policy rates and keep its state based
accommodative stance in place. In line with our expectations, the RBI has
increased the size of the VRRR. However, the RBI governor has underscored that
the higher VRRR auctions should not be misread as a reversal of the central
bank’s accommodative monetary policy stance or a tightening measure.
Overall, the policy had a lesser dovish underpinning than the previous one in
June. Going forward, we expect the RBI to keep the repo rate unchanged over
FY2022. However, we maintain our projections of a normalization in the Liquidity
Adjustment Facility (LAF) corridor with a two-step hike in the reverse repo rate
starting possibly around December 2021.
Additionally, the RBI/MPC can be expected to continue using unconventional
policy tools, such as GSAPs and OTs to avoid any untoward surge in yields. Given
the need to continue to keep yield movements compatible with the monetary policy
stance, we see scope for GSAP 3.0 program to get announced in the October policy
meeting.
Federal Reserve
In the latest policy meeting in July, the Federal Reserve Open Market Committee
(FOMC) maintained status quo on expected lines. Guidance was changed to indicate
that tapering was discussed in the meeting. However, an imminent move towards
tapering was ruled out as the FOMC wants to see more progress towards meeting
its economic objectives.
In the September policy meeting, we think an announcement on tapering could be
made, if economic indicators show continued traction. However, we think that a
formal announcement could be a close call.
We think that the FOMC will signal that it is ready to taper around Aug-Sep, and
commence such an action in Nov, 2021. We see a rate hiking cycle beginning in
2023, but acknowledge that it could come earlier than expected.
Bank Of England
In its policy meeting in June, the BoE maintained status quo and indicated that
it will not tighten the policy, until there is sufficient evidence of an erosion
in spare capacity.
In its upcoming policy meeting in Aug, we expect the BoE to maintain status quo
and express some concerns about the rise in infection rates. A minor tapering in
the weekly asset purchases programme is also possible.
We think that the BoE will move towards ending its QE purchases programme by the
end of 2021. However, we expect it to keep the size of its balance sheet
unchanged, and not tighten policy anytime over 2021-22.
European Central Bank
In the last policy meeting in July, the ECB maintained status quo. However, it
also re-worded its forward guidance to indicate that it is targeting a
'symmetrical 2% inflation target. The forward guidance suggests that the policy
will remain accommodative for a considerable period of time.
For the Sep policy meeting, we think that the ECB will maintain status quo along
with a continued re-affirmation that the policy will remain accommodative.
The Pandemic Emergency Purchases Program (PEPP) could get wound down by Mar,
2022. However, we think there could be an increase in the size of the open-ended
monthly QE programme that could get announced later in 2021, or early in 2022,
ensuring that the balance sheet expansion remains in place.
People's Bank of China
As Chinese growth momentum, particularly private consumption and service
activity has been softer than expected in 2021, the PBOC delivered a Required
Reserve Ratio cut of 50 bps to stimulate demand in July. However, this was a
one-off measure and does not imply the beginning of a new easing cycle.
We expect the PBOC to maintain a neutral liquidity regime over 2021 and keep
policy rates unchanged.
We expect the PBOC to move to a tightening regime going in to H12022, responding
to a pick-up in inflation and improvement in growth. Policy rates might be kept
unchanged, but the Central Bank could drain liquidity and raise short-term money
market rates.
Previous
Over the years we have found ICICI bank Research to be quite insightful and
actionable. The statistical and quant based observations in particular are
unique and lend interesting perspectives. Forward looking research helps in
forming a cross asset view.
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Tata Consultancy Services
The research reports are very well structured, ideas clear and writing concise
and argumentative. The literature review is comprehensive and you manage to
successfully discuss the importance of your research, from a theoretical and an
applied perspective.
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EVENTS
05:20 am
GDP Growth Rate QoQ (%)Japan
0.5Actual
0.4Forecast
-1.1Prior
05:20 am
GDP Growth Rate Annualized (%)Japan
1.9Actual
1.6Forecast
-4.2Prior
05:20 am
Current Account (� bn)Japan
1910.8Actual
2300Forecast
905.1Prior
07:00 am
NAB Business ConfidenceAustralia
--Actual
Forecast
-8Prior
07:30 pm
BoC Interest Rate decision (%)Canada
--Actual
0.25Forecast
0.25Prior
8th Sep
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Indian Holiday
American Holiday
EVENTS
05:20 am
GDP Growth Rate QoQ (%)Japan
0.5Actual
0.4Forecast
-1.1Prior
05:20 am
GDP Growth Rate Annualized (%)Japan
1.9Actual
1.6Forecast
-4.2Prior
05:20 am
Current Account (� bn)Japan
1910.8Actual
2300Forecast
905.1Prior
07:00 am
NAB Business ConfidenceAustralia
--Actual
Forecast
-8Prior
07:30 pm
BoC Interest Rate decision (%)Canada
--Actual
0.25Forecast
0.25Prior
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25th Aug 2021Exclusive Videos
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IN-HOUSE VIEWS
Global FX projectionsGlobal ratesIndia Interest ratesCommoditiesGlobal FX
projections
Last updated: 06th Sep 2021
Q4 2021
Q1 2022
Q2 2022
USD/INR
72.50-74.50
74.00-76.00
74.50-76.50
EUR/USD
1.16-1.19
1.15-1.18
1.14-1.16
GBP/USD
1.37-1.40
1.35-1.38
1.34-1.35
USD/JPY
109.00-111.50
110.00-112.00
110.00-112.00
AUD/USD
0.73-0.75
0.72-0.74
0.70-0.72
USD/CNY
6.45-6.50
6.50-6.55
6.55-6.60
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