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Interpretation of Results: Although business average and other yardsticks are commonly used in monetary ratios, it’s considerably difficult to judge whether or not a certain ratio is sweet or bad. A high current ratio, for example might indicate a powerful liquidity place (one thing good) or extreme inventories (one thing bad). Likewise a excessive turnover of fastened asset might imply environment friendly utilization of plant and equipment or continued flogging of kind of totally depreciated worn, out and inefficient plant and equipment.

17. ICICI Bank’s thrust on micro- finance  CHENNAI, MARCH 9. ICICI Financial institution has entered into partnerships with various microfinance establishments (MFI) and non- Government organizations (NGOs) to scale up its micro lending business. Addressing presspersons here, right this moment, NachiketMor, Government Director, ICICI Financial institution, said, the partnership model would supply assured source of funding to NGOs and MFIs. The bank had prolonged advances to the tune of Rs.A hundred and fifty crores as on February 29, this year, below this scheme, Mr. Mor stated.  The bank had acquired a community of self-help teams (SHGs) developed by the erstwhile Bank of Madura after its merger with ICICI Financial institution. Since then the SHG programme had grown considerably and 10,175 teams had been promoted reaching out to 2.03 lakh ladies unfold throughout 2,398 villages, the Government Director mentioned.