axis bank in india
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BANKING IN INDIA
Banking in India originated in the last decades of the 18th century. The first
banks were The General Bank of India, which started in 1786, and Bank of
Hindustan, which started in 1770; both are now defunct. The oldest bank in
existence in India is the State Bank of India, which originated in the Bank of
Calcutta in June 1806, which almost immediately became the Bank of Bengal.
This was one of the three presidency banks, the other two being the Bank of
Bombay and the Bank of Madras, all three of which were established under
charters from the British East India Company. For many years the
Presidency banks acted as quasi-central banks, as did their successors. The
three banks merged in 1921 to form the Imperial Bank of India, which, upon
India's independence, became the State Bank of India in 1955.
HISTORY
Merchants in Calcutta established the Union Bank in 1839, but it failed in 1848 as
a consequence of the economic crisis of 1848-49. The Allahabad Bank, established
in 1865 and still functioning today, is the oldest Joint Stock bank in India.(Joint
Stock Bank: A company that issues stock and requires shareholders to be held
liable for the company's debt) It was not the first though. That honor belongs to the
Bank of Upper India, which was established in 1863, and which survived until
1913, when it failed, with some of its assets and liabilities being transferred to
theAlliance Bank of Simla.
Foreign banks too started to app, particularly in Calcutta, in the 1860s.
The Comptoire d'Escompte de Paris opened a branch in Calcutta in 1860, and
another inBombay in 1862; branches in Madras and Pondicherry, then a French
colony, followed. HSBC established itself in Bengal in 1869. Calcutta was the
most active trading port in India, mainly due to the trade of the British Empire,
and so became a banking center.
The first entirely Indian joint stock bank was the Oudh Commercial Bank,
established in 1881 in Faizabad. It failed in 1958. The next was the Punjab
National Bank, established in Lahore in 1895, which has survived to the present
and is now one of the largest banks in India.
Around the turn of the 20th Century, the Indian economy was passing through a
relative period of stability. Around five decades had elapsed since the Indian
Mutiny, and the social, industrial and other infrastructure had improved. Indians
had established small banks, most of which served particular ethnic and religious
communities.
The presidency banks dominated banking in India but there were also some
exchange banks and a number of Indian joint stock banks. All these banks
operated in different segments of the economy. The exchange banks, mostly
owned by Europeans, concentrated on financing foreign trade. Indian joint stock
banks were generally under capitalized and lacked the experience and maturity to
compete with the presidency and exchange banks. This segmentation let Lord
Curzon to observe, "In respect of banking it seems we are behind the times. We
are like some old fashioned sailing ship, divided by solid wooden bulkheads into
separate and cumbersome compartments."
The period between 1906 and 1911, saw the establishment of banks inspired by
the Swadeshi movement. The Swadeshi movement inspired local businessmen and
political figures to found banks of and for the Indian community. A number of
banks established then have survived to the present such as Bank of
India,Corporation Bank, Indian Bank, Bank of Baroda, Canara Bank and Central
Bank of India.
The fervour of Swadeshi movement lead to establishing of many private banks
in Dakshina Kannada and Udupi district which were unified earlier and known by
the name South Canara ( South Kanara ) district. Four nationalised banks started
in this district and also a leading private sector bank. Hence undivided Dakshina
Kannada district is known as "Cradle of Indian Banking".
During the First World War (1914–1918) through the end of the Second World
War (1939–1945), and two years thereafter until the independence of India were
challenging for Indian banking. The years of the First World War were turbulent,
and it took its toll with banks simply collapsing despite the Indian
economy gaining indirect boost due to war-related economic activities. At least 94 banks
in India failed between 1913 and 1918 as indicated in the following table:
YearsNumber of banksthat failed
Authorised capital(Rs. Lakhs)
Paid-up Capital(Rs. Lakhs)
1913 12 274 35
1914 42 710 109
1915 11 56 5
1916 13 231 4
1917 9 76 25
1918 7 209 1
Post-Independence
The partition of India in 1947 adversely impacted the economies
of Punjab and West Bengal, paralyzing banking activities for months.
India's independencemarked the end of a regime of the Laissez-faire for the Indian
banking. The Government of India initiated measures to play an active role in the
economic life of the nation, and the Industrial Policy Resolution adopted by the
government in 1948 envisaged a mixed economy. This resulted into greater
involvement of the state in different segments of the economy including banking
and finance. The major steps to regulate banking included:
The Reserve Bank of India, India's central banking authority, was
established in April 1934, but was nationalized on January 1, 1949 under
the terms of the Reserve Bank of India (Transfer to Public Ownership) Act,
1948 (RBI, 2005b).
In 1949, the Banking Regulation Act was enacted which empowered the
Reserve Bank of India (RBI) "to regulate, control, and inspect the banks in
India".
The Banking Regulation Act also provided that no new bank or branch of
an existing bank could be opened without a license from the RBI, and no
two banks could have common directors.
Nationalisation
Despite the provisions, control and regulations of Reserve Bank of India, banks in
India except the State Bank of India or SBI, continued to be owned and operated
by private persons. By the 1960s, the Indian banking industry had become an
important tool to facilitate the development of the Indian economy. At the same
time, it had emerged as a large employer, and a debate had ensued about the
nationalization of the banking industry. Indira Gandhi, then Prime Minister of
India, expressed the intention of the Government of India in the annual conference
of the All India Congress Meeting in a paper entitled "Stray thoughts on Bank
Nationalisation." The meeting received the paper with enthusiasm.
Thereafter, her move was swift and sudden. The Government of India issued an
ordinance ('Banking Companies (Acquisition and Transfer of Undertakings)
Ordinance, 1969')) and nationalised the 14 largest commercial banks with effect
from the midnight of July 19, 1969. These banks contained 85 percent of bank
deposits in the country.Jayaprakash Narayan, a national leader of India, described
the step as a "masterstroke of political sagacity." Within two weeks of the issue of
the ordinance, the Parliament passed the Banking Companies (Acquisition and
Transfer of Undertaking) Bill, and it received the presidential approval on 9
August 1969.
A second dose of nationalization of 6 more commercial banks followed in 1980.
The stated reason for the nationalization was to give the government more control
of credit delivery. With the second dose of nationalization, the Government of
India controlled around 91% of the banking business of India. Later on, in the year
1993, the government merged New Bank of India with Punjab National Bank. It
was the only merger between nationalized banks and resulted in the reduction of
the number of nationalised banks from 20 to 19. After this, until the 1990s, the
nationalised banks grew at a pace of around 4%, closer to the average growth rate
of the Indian economy.
Liberalisation
In the early 1990s, the then Narasimha Rao government embarked on a policy
of liberalization, licensing a small number of private banks. These came to be
known as New Generation tech-savvy banks, and included Global Trust Bank (the
first of such new generation banks to be set up), which later amalgamated with
Oriental Bank of Commerce, UTI Bank (since renamed Axis Bank), ICICI
Bank and HDFC Bank. This move, along with the rapid growth in the economy of
India, revitalized the banking sector in India, which has seen rapid growth with
strong contribution from all the three sectors of banks, namely, government banks,
private banks and foreign banks.
The next stage for the Indian banking has been set up with the proposed relaxation
in the norms for Foreign Direct Investment, where all Foreign Investors in banks
may be given voting rights which could exceed the present cap of 10%,at present it
has gone up to 74% with some restrictions.
The new policy shook the Banking sector in India completely. Bankers, till this
time, were used to the 4-6-4 method (Borrow at 4%;Lend at 6%;Go home at 4) of
functioning. The new wave ushered in a modern outlook and tech-savvy methods
of working for traditional banks.All this led to the retail boom in India. People not
just demanded more from their banks but also received more.
Currently (2010), banking in India is generally fairly mature in terms of supply,
product range and reach-even though reach in rural India still remains a challenge
for the private sector and foreign banks. In terms of quality of assets and capital
adequacy, Indian banks are considered to have clean, strong and transparent
balance sheets relative to other banks in comparable economies in its region. The
Reserve Bank of India is an autonomous body, with minimal pressure from the
government. The stated policy of the Bank on the Indian Rupee is to manage
volatility but without any fixed exchange rate-and this has mostly been true.
With the growth in the Indian economy expected to be strong for quite some time-
especially in its services sector-the demand for banking services, especiallyretail
banking, mortgages and investment services are expected to be strong. One may
also expect M&As, takeovers, and asset sales.
In March 2006, the Reserve Bank of India allowed Warburg Pincus to increase its
stake in Kotak Mahindra Bank (a private sector bank) to 10%. This is the first time
an investor has been allowed to hold more than 5% in a private sector bank since
the RBI announced norms in 2005 that any stake exceeding 5% in the private
sector banks would need to be vetted by them.
In recent years critics have charged that the non-government owned banks are too
aggressive in their loan recovery efforts in connection with housing, vehicle and
personal loans. There are press reports that the banks' loan recovery efforts have
driven defaulting borrowers to suicide.
Adoption of banking technology
The IT revolution had a great impact in the Indian banking system. The use of
computers had led to introduction of online banking in India. The use of the
modern innovation and computerisation of the banking sector of India has
increased many fold after the economic liberalisation of 1991 as the country's
banking sector has been exposed to the world's market. The Indian banks were
finding it difficult to compete with the international banks in terms of the customer
service without the use of the information technology and computers.
The RBI in 1984 formed Committee on Mechanisation in the Banking Industry
(1984) whose chairman was Dr C Rangarajan, Deputy Governor, Reserve Bank of
India. The major recommendations of this committee was introducing
MICR Technology in all the banks in the metropolis in India.This provided use of
standardized cheque forms and encoders.
In 1988, the RBI set up Committee on Computerisation in Banks (1988) headed by
Dr. C.R. Rangarajan which emphasized that settlement operation must be
computerized in the clearing houses of RBI in Bhubaneshwar, Guwahati, Jaipur,
Patna and Thiruvananthapuram.It further stated that there should be National
Clearing of inter-city cheques at Kolkata,Mumbai,Delhi,Chennai and MICR
should be made Operational.It also focused on computerisation of branches and
increasing connectivity among branches through computers.It also suggested
modalities for implementing on-line banking.The committee submitted its reports
in 1989 and computerisation began form 1993 with the settlement between IBA
and bank employees' association.
In 1994, Committee on Technology Issues relating to Payments System, Cheque
Clearing and Securities Settlement in the Banking Industry (1994) was set up with
chairman Shri WS Saraf, Executive Director, Reserve Bank of India. It
emphasized on Electronic Funds Transfer (EFT) system, with the BANKNET
communications network as its carrier. It also said that MICR clearing should be
set up in all branches of all banks with more than 100 branches.
Committee for proposing Legislation On Electronic Funds Transfer and other
Electronic Payments (1995) emphasized on EFT system. Electronic banking refers
to DOING BANKING by using technologies like computers, internet and
networking,MICR,EFT so as to increase efficiency, quick service,productivity and
transparency in the transaction.
Apart from the above mentioned innovations the banks have been selling the third
party products like Mutual Funds, insurances to its clients.Total numbers of ATMs
installed in India by various banks as on end March 2005 is 17,642.The New
Private Sector Banks in India is having the largest numbers of ATMs which is fol
off site ATM is highest for the SBI and its subsidiaries and then it is followed by
New Private Banks, Nationalised banks and Foreign banks. While on site is
highest for the Nationalised banks of India.
BANK GROUPNUMBER OF
BRANCHES
ON SITE
ATM
OFF SITE
ATM
TOTAL
ATM
NATIONALISED
BANKS33627 3205 1567 4772
STATE BANK OF
INDIA13661 1548 3672 5220
OLD PRIVATE SECTOR
BANKS4511 800 441 1241
NEW PRIVATE
SECTOR BANKS1685 1883 3729 5612
FOREIGN BANKS 242 218 579 797
STRUCTURE OF INDIAN BANKING INDUSTRY
Banking Industry in India functions under the sunshade of Reserve Bank of India -
the regulatory,central bank. Banking Industry mainly consists of:
Commercial Banks
Co-operative Banks
The commercial banking structure in India consists of: Scheduled Commercial
Banks Unscheduled Bank. Scheduled commercial Banks constitute those banks
which have been included in the Second Schedule of Reserve Bank of India (RBI)
Act, 1934. RBI in turn includes only those banks in this schedule which satisfy
the criteria laid down vide section 42 (60) of the Act. Some co-operative banks are
scheduled commercial banks although not all co-operative banks are. Being a part
of the second schedule confers some benefits to the bank in terms of access to
accommodation by RBI during the times of liquidity constraints. At the same time,
however, this status also subjects the bank certain conditions and obligation
towards the reserve regulations of RBI. For the purpose of assessment of
performance of banks, the Reserve Bank of India categorise them as public sector
banks, old private sector banks, new private sector banks and foreign banks.
COMPANY PROFILE
Axis Bank was the first of the new private banks to have begun operations in
1994, after the Government of India allowed new private banks to be established.
The Bank was promoted jointly by the Administrator of the specified undertaking
of the Unit Trust of India (UTI - I), Life Insurance Corporation of India (LIC) and
General Insurance Corporation of India (GIC) and other four PSU insurance
companies, i.e. National Insurance Company Ltd., The New India Assurance
Company Ltd., The Oriental Insurance Company Ltd. and United India Insurance
Company Ltd.
The Bank as on 30th June, 2012 is capitalized to the extent of Rs. 414.29 crores
with the public holding (other than promoters and GDRs) at 54.24%.
The Bank's Registered Office is at Ahmedabad and its Central Office is located at
Mumbai. The Bank has a very wide network of more than 1600 branches
(including 169 Service Branches/CPCs as on 30th June, 2012). The Bank has a
network of over 10000 ATMs (as on 30th June, 2012) providing 24 hrs a day
banking convenience to its customers. This is one of the largest ATM networks in
the country.
The Bank has strengths in both retail and corporate banking and is committed to
adopting the best industry practices internationally in order to achieve excellence.
VISION 2015:
To be the preferred financial solutions provider excelling in customer delivery
through insight, empowered employees and smart use of technology
Core Values
Customer Centricity
Ethics
Transparency
Teamwork
Ownership
AWARDS
Awards & recognition received by the Bank during the Year 2011:
‘Best Risk Master’ award - (private sector category) -
'FIBAC 2011 Banking Awards'
‘Most Productive Private Sector Bank’ Award - 'FIBAC 2011
Banking Awards'
Ranked 3rd Strongest Bank in Asia Pacific region by Asian
Banker
The CLSA survey on personal banking trends validated again
that Axis is the preferred bank amongst retail consumers.
Best Bond house India - 2011 by Finance Asia
Awards & recognition received by the Bank during the Year
2010:
Euromoney – Best Debt House in India
Asiamoney – Best Domestic Debt House in India
Financeasia – Best Bond House in India
FE Best Banks Award – Best New Private Sector Bank, Rank
2
Forbes Fab 50 – The Best of Asia-Pacific’s Biggest Listed
Companies- second year in a row
The Asset Triple A Country Awards 2010:
Best Domestic Bank, India
Best Domestic Bond House, India.
Business Today Best Bank Awards - Overall Winner &
Consistent Performer -(Large Banks Category)
Business World Best Bank Award- Fastest Growing Large
Bank
Ranked No. 1 in "overall experience with bank staff" and
"overall branch facilities" by The Hindustan Times-MaRS
Survey Report dated, 29th March, 2010
BOARD OF DIRECTORS
NETWORK
The Bank's Registered Office is situated in Ahmedabad and its Central Office is
located at Mumbai. The Bank has an extensive network of more than 1600
branches (including 169 Service Branches/CPCs as on 31st March, 2012). The
Bank has a network of over 10000 ATMs (as on 31st March, 2012) Axis Bank
operates one of the world’s highest ATM sites at Thegu, Sikkim (at a height of
13,200 feet above sea level) and has the largest ATM network among private
banks in India.
PROMOTERS
Axis Bank Ltd. has been promoted by the largest and the best Financial Institution
of the country, UTI. The Bank was set up with a capital of Rs. 115 crore, with UTI
contributing Rs. 100 crore, LIC - Rs. 7.5 crore and GIC and its four subsidiaries
contributing Rs. 1.5 crore each.
SUUTI - Shareholding 23.47%
Erstwhile Unit Trust of India was set up as a body corporate under the UTI Act,
1963, with a view to encourage savings and investment. In December 2002, the
UTI Act, 1963 was repealed with the passage of Unit Trust of India (Transfer of
Undertaking and Repeal) Act, 2002 by the Parliament, paving the way for the
bifurcation of UTI into 2 entities, UTI-I and UTI-II with effect from 1st February
2003. In accordance with the Act, the Undertaking specified as UTI I has been
transferred and vested in the Administrator of the Specified Undertaking of the
Unit Trust of India (SUUTI), who manages assured return schemes along with
6.75% US-64 Bonds, 6.60% ARS Bonds with a Unit Capital of over Rs. 14167.59
crores.
The Government of India has appointed Shri K. N. Prithviraj as the Administrator
of the Specified undertaking of UTI, to look after and administer the schemes
under UTI - I, where Government has continuing obligations and commitments to
the investors, which it will uphold.
BUSINESS FOCUS
Axis Bank operates in four segments: treasury operation, retail banking,
corporate/wholesale banking, and other banking business.
Treasury Operations
The Bank’s treasury operation services include investments in sovereign and
corporate debt, equity and mutual funds, trading operations, derivative trading and
foreign exchange operations on the account, and for customers and central
funding.
Retail Banking
In the retail banking category, the bank offers services such as lending to
individuals/small businesses subject to the orientation, product and granularity
criterion, along with liability products, card services, Internet banking, automated
teller machines (ATM ) services, depository, financial advisory services, and
nonresident Indian (NRI) services.
Corporate/Wholesale Banking
The Bank offers to corporate and other organizations services including corporate
relationships not included under retail banking, corporate advisory services,
placements and syndication, management of public issues, project appraisals,
capital market related services and cash management services.
PRODUCTS
Savings Account
Easy Access Savings Account
Prime Savings Account
Corporate Salary Account
Defense Salary Account
Current Account
Business Prime
Business Advantage Current Account
Business Select Cur rent Account
Business Classic Cur rent Account
Business Global Cur rent Account
Business Priority
Business Privilege Current Account
Channel One Cur rent Account
Business Wealth
CLUB 50 Cur rent Account
Salary Account
Investment Product
Gold and Silver Mohur
Mutual Funds
Life Insurance
General Insurance
Gold And Silver Mohur
Certified Gold and Silver bars
Mutual Funds
Axis Bank offers options from 12mutual fund companies.
Life Insurance
Axis Bank has a corporate agency agreement with Max New York Life ,
one of the most reputed Life Insurance companies in India.
General Insurance
Axis Bank has a Corporate Agency partnership with Bajaj Allianz General
Insurance Company to distribute General Insurance products. The various General
Insurance products available for sale at Axis Bank branches are:
Health Insurance
Motor Insurance
Jewellery Insurance
Personal Accident Cover
Home Insurance
Travel Insurance
Critical Illness
Business Advantage
Loans
Home Loans
Car Loans
Personal Loans
Loans Against Property
Loans Against Share
Loans Against Securities
Cards
Titanium Smart Traveler Credit Cards
Platinum Advantage Credit Card
Visa Signature Credit Card
Visa Infinite Credit Card
Titanium Rewards Card
An upgrade for mass and prime Debit Card customers.
Prepaid Cards
MyMoney Card
Gift Cards
MyMoney Card
A prepaid card for parents to disburse pocket money and monthly expenditure to
kids
Gift Card
Agri Business Loans
Kisan Power
Power Gold
Arthia Power
Agro Power
Kisan power
Kisan Power aims at providing adequate and timely credit to farmers for various
needs. It gives farmers the flexibility to choose between cash ,credit and term
loans with friendly repayment terms. Loan tenure is fixed by allowing reasonable
period for marketing the agricultural produce after harvest of the crop, subject to
maximum of 1 year in case of cash or credit, and 7 years for term loans.
Power Gold
Power Gold gives easy loans up to 15, 00,000 to individuals engaged in
agriculture or allied activities, against the pledge of Gold ornaments.
Arthia Power
Arthia Power is a loan facility to local Arthias .
Foreign Exchange
Travel Card
Outward Remittances
Foreign Currency Demand Drafts
Foreign Currency Cash
Foreign Currency Travelers’ Cheques
India Travel Card
Travel Card
Axis Bank became the first bank in the world to cross USD 2 billion in loading on
such cards in December 2011.
Outward Remittances
Foreign Currency Demand Drafts Foreign Currency Cash Foreign Currency
Travelers Cheque India Travel Card
Inward Remittances
AXISREMIT Online
AXISREMIT Direct
Money Transfer Operators -(Money Gram, Easy Remit, Express Money)
Wire Transfers
Axis Remit Online
Our online money transfer service helps NRIs from 8 geographies (USA,UK,
Canada, Euro Zone , Australia,Singapore, Hong Kong and UAE) remit money to
India in a safe and convenient manner.
Salient Features
• Superior Exchange Rates
• Zero Transaction Charges
• Remittance to over 1400 Axis Bank branches and 77000 other bank branches
• Online tracking of your funds
• Reliable Customer Service for any queries
Axis Remit Direct
This is a quick and easy way to remit money back home through our partner
Exchange Houses in the Middle East.
Salient Features
• Available to everyone –Axis Bank customers and non-Axis Bank customers
• Instant credits to accounts held with Axis Bank in India
• Credit within 24 hours to over 72000 non-Axis Bank branches
• Real-time alerts via email / SMS
Money Transfer Operators
Allows the customer to send money from across 191 countries to beneficiaries in
India.
Wire Transfers
This facility to transfer funds to Axis Bank Nostroaccount in these currencies
Maybank, Malaysia and Bank AlBilad,Saudi Arabia are our main partners for this.
Online Trading
Axis Direct 3-IN-1 online Trading Account
Through Axis Direct 3-in-1 online trading account, Savings and Demat accounts
are offered by Axis Bank while the trading account is held with Axis Securities
and Sales Ltd.
MARKET SHARE
Name of bank Market Share
State Bank of India 18
PNB 6
Bank of Baroda 5
ICICI Bank 5
Bank of India 5
HDFC 4
IDBI Bank 4
Axis Bank 3
Central Bank of India 3
Other Banks 47
Source : ICRA Research
OPERATIONS
The business model of the Bank has separated production and distribution
functions within the Bank, with transaction processing and customer databases
(production technology) becoming increasingly centralised and product sales and
customer handling (the distribution technology) being the primary function at the
branches. The separation of functions has helped reduce transaction costs besides
ensuring smoothness in operations and increasing productivity. Operational
processes were constantly refined during the year from the perspective of
implementation of best practices, risk identification and containment. Operational
instructions were revisited on a continual basis and efforts were made to minimise
risks at branches.
Retail Banking Operations
Retail Banking Operations (RBO) provides seamless service to retail customers
while ensuring secure and compliant systems for risk containment and regulatory
compliance. The Bank continued to strengthen the oversight function through
centralised monitoring of the working of the branches in respect of KYC, AML
and other regulatory compliances, cash management, clearing operations and
internal housekeeping with the objective of ensuring compliance with risk
guidelines and delivering operational efficiency and customer service. To ensure
enhanced customer service and better handling of cash, the Bank has installed note
sorting machines at cash intensive branches. The Bank has implemented the Clean
Note Policy of RBI across all branches of the Bank. The Bank has been appointed
as the Primary Clearing House at certain places. A currency chest was
operationalised at Guwahati, making the first private sector bank, to have a
currency chest in the North East.
Wholesale Banking Operations
The Wholesale Banking Operations (WBO) is responsible for providing best in
class services to non-retail customers of the Bank through four verticals: Corporate
Banking Operations, Treasury Operations, Trade and Forex Operations, and
Centralised Collection and Payment Hub.
The Corporate Banking Operations (CBO) involves delivery, control, monitoring
and administration of credit facilities of large and mid-corporates, SME, corporate
agriculture, channel finance and micro finance transactions. CBO operates through
a network comprising of Corporate Banking Branches (CBBs)/Credit Management
Centres (CMCs) at 8 major cities, 52 MiniCredit Management Centres (MCMCs)
at Tier II cities, and Corporate Credit Operations Hub (CCOH) at Hyderabad.
Treasury Operations provides operational support to the Bank’s Treasury and
operates the centralised electronic payment hubs for RTGS and NEFT. Trade and
Forex Operations (TFO) supervise and control the entire cross border trade and
foreign exchange operations of the Bank. TFO provides trade finance and retail
forex services to corporates, full-fledged money changers (FFMCs) and
individuals through 197 B-category branches and state-of-the-art centralised
knowledge processing centres viz. ‘Trade Finance Centres’ located at Mumbai and
Hyderabad. TFO is also responsible for ensuring compliance of regulatory and
internal guidelines in respect of foreign exchange transactions of the Bank.The
Bank’s payment service is one of the key differentiating services for all customer
segments. In order to enhance speed, scalability and straight through processing by
technological advancement, the Bank has launched a plan of introducing an
Enterprise Payment Hub to handle all types of payment services through a
centralised and channel agnostic processing engine.
FINANCIAL HIGHLIGHTS
FINANCIAL HIGHLIGHTS 2007 - 2008 2008 - 2009 2009 - 2010 2010 - 2011 2011 - 2012
Total Deposits 87, 6 26 . 22 117, 3 74 .11 141,300.22 18 9, 2 37. 8 0 220,104.30
- Saving Bank Deposits 19,982.41 25 , 8 2 2.12 33,861.80 40,850.31 51,667.96
- Current Account Deposits 20,044.58 24,821.61 3 2 ,16 7.74 3 6 ,917.0 9 39,754.07
Total Advances 59 , 6 61.14 81,556.77 104,340.95 142, 4 07. 8 3 169,759.54
- Retail Advances 13,591.68 16,051.78 20,820.73 27,759.23 37,570.33
Total Investments 33 ,70 5 .10 46,330.35 55,974.82 71,991.62 93,192.09
Shareholders' Funds 8,768.50 10,213.59 16,044.45 18,998.83 22,808.54
Total Assets/Liabilities 10 9,57 7. 85 147,722.0 5 18 0, 6 47. 85 242,713.37 285,627.79
Net Interest Income 2,585.35 3,686.21 5,004.49 6,562.99 8,017.75
Other Income 1,795.49 4,380.84 2,896.88
6,583.09
3,945.78
8,950.27
4 , 6 32.13
11,19 5 .12
5,420.22
Operating Revenue 13,437.97
Operating Expenses 2,154.92 2,858.21 3,709.72 4,779.43 6,007.10
Operating Proft 2,225.92 1,154.89 3,724.88
1,909.52
5,240.55
2,726.02
6,415.69
3,027.20
7,430.87
Provisions and
Contingencies
3,188.66
Net Proft 1,071.03 1,815.36 2,514 .53 3,388.49 4,242.21
FINANCIAL RATIOS
FINANCIAL RATIOS 2007 - 2008 2008 - 2009 2009 - 2010 2010 - 2011 2011 - 2012
Earnings Per Share (Basic)
(in `)
32.15 50.61 65.78 82.95 102.94
Book Value (in `) 24 5 .14 284.50 395.99 462.77 551.99
Return on Equity 16.09 19.93 19.89 20.13 21.22%
Return on Assets 1.24 1.44 1.67 1.68 1.68%
Capital Adequacy Ratio
(CAR)
13.73 13.69 15.80 12.65 13.66%
Tier I Capital (CAR) 10 .17% 9.26% 11.18 % 9.41% 9.45%
Dividend Per Share (in `) 6.00 10.00 12.0 0 14.00 16.00
Dividend Payout Ratio 23.49% 2 3 .16 % 22.57% 19.78% 18.15%
FINANCIAL PERFORMANCE
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