Bsli 130206091558 Phpapp01

PROJECT ON
EQUITY RESEARCH IN BANKING SECTOR

UNDER THE GUIDANCE OF
Mr. subojeet sen gupta.
SUBMITTED BY
JAGRUTI GODAMBE
TRAINEE AT BIRLA SUN LIFE INSURANCE
2012-2013
IN FULFILMENT OF ONE MONTH WINTER

INTERNSHIP
WITH BIRLA SUN LIFE INSURANCE.
CERTIFICATE
This is to certify that the study presented by
JAGRUTI GODAMBE to Birla Sun Life Insurance in
completion of the one month winter internship in
finance under the title of Equity Research in
Banking sector has been done under my guidance.
Signature of the candidate
--------------------------Jagruti Godambe
Signature of the Guide

Subojeet sen gupta.
ACKNOWLEDGEMENT
I take this opportunity to sincerely thanks and
express my gratitude to my project guide Mr.
Subojeet Sen Gupta for guiding me throughout my
entire project.
The experience and the knowledge acquired
during the internship have been invaluable and it
will help me a great deal in my future education
and career.
JAGRUTI GODAMBE
TABLE OF CONTENTS
S.NO.
CONTENT
Page
no.
1.
Executive summery
2.
Objective, scope,
limitations of the
project.
Introduction
3.
4.
Fundamental analysis
10
5.
Technical analysis
12
6.
Analysis of banking
sector
15
7.
Analysis of banks
21
8.
Recommendations
34
9.
Conclusion
35
This project is about equity research in banking

sector. In this project the banking sector is
analyzed through financial and technical analysis.
This are the two tools used for analyzing the
banking sector. Then the four Indian banks are
analyzed with the description and details.
OBJECTIVE, SCOPE, ASSUMPTION AND

LIMITATIONS OF THE PROJECT
1. Objective:
The main objective of this project is to understand that
proper analysis of a company minimizes the risk of
losing money in stock market of any investor.
2. Scope:
The scope of the project is limited to understanding
the basics of fundamental analysis and technical
analysis and apply it to take a decision of investing in
banking sector.
3. Assumptions :
This project is prepared on the assumption that
most of the investment in stock market is done by the
brokers and not by the common man.
4. Limitations:
The project has been limited to investment analysis
of banking sector only.
INTRODUCTION
What is equity?
In accounting and finance, equity is the residual claim or
interest of the most junior class of investor in assets after
all liabilities are paid.
What is equity shares?

Equity share is the type of share which is hold by equity
shareholders. Equity shareholders are the owners of the
company. They are the real risk bearers. They may get
dividend or they may not get dividend. They enjoy
maximum voting rights.
What is equity investment?

Equity investment generally refers to the holding and
buying of shares on the stock market by individuals and
firms in anticipation of gains from dividend as the value
of stock rises.
How to invest in equity shares?

Investors can buy the equity shares from the primary and
secondary market. Purchase of shares from security
market is primary purchase. And purchase of shares from
(IPO) is purchase from secondary market.
Why should one invest in equity?

If the person invests in equity then it provides maximum
returns to the investor as compared to other avenues of
investment.
But while making an investment in equity, investor has to
study them carefully. And this can be done through
analyzing of equity.
Equity shares can be analyzed through:
1. Fundamental analysis
2. Technical analysis
Concept
Fundamental analysis is a method of evaluating a
security by attempting to measure its intrinsic value by
examining related economic, financial and other
qualitative and quantitative factors.
Fundamental analysts cover macroeconomic factors, like
overall economy and industry conditions and
management of companies. So, economy-industrycompany analysis is a part of fundamental analysis.
Goal of Fundamental Analysis

The end goal of fundamental analysis is to produce a
value that investors can compare with current market
price in hope of figuring what sort of position to take in
that particular stock/company.
So, if the security is underpriced, then go for Buy, and if
the security is overpriced then, Sell.
Concept of technical analysis:

Technical analysis is the process of analyzing a securitys
historical prices in an effort to determine probable future
prices. This is done by comparing current price action
with comparable historical price action to predict
reasonable outcome. It is a study of prices, with charts
being the primary tool.
Technical Analysis, as a tool for equity research, is now
fast catching up with the imagination of investors in
India. As a subject, Technical Analysis is the study of price
patterns and volumes using historical data for scripts,
currency or even a commodity.
Darashaw has been a pioneer in disseminating quality
Technical Research to Domestic & Foreign Institutional
Investors since 1997. The key features of our approach
have been
Primary use of Technical Research for taking longterm Investment Decisions rather than for shortterm trading.
Coverage of Markets that extend beyond local

Indices & stocks and include Dow, NASDAQ and
Crude Oil.
An approach that has often proved itself to be

completely contrary to the General Market Outlook
of the Investment Fraternity.
THE INDIAN BANKING SECTOR

The Indian banking sector has seen unprecedented
growth along with remarkable improvement in its quality
of assets and efficiency since economic liberalization
began in the early 1990s.
From providing plain vanilla banking services, banks have
gradually transformed themselves into universal banks.
ATMs, Internet banking, mobile banking and social
banking have made "anytime anywhere banking" the
norm now.
In 2011/12, non-cash payments comprised 91 per cent
of total transactions in terms of value and 48 per cent in
terms of volume. Within noncash payments, too, the
share of payments through cherubs has come down from
85 per cent to nine per cent in value, and 83 per cent to
52 per cent in volume between 2005/06 and 2011/12.
NON-CASH PAYMENTS COMPRISED 91 PER CENT OF
VALUE AND 48 PER CENT OF VOLUME OF TOTAL
TRANSACTIONS
Banks have taken other measures to improve their
functioning, too. As a result, there were 20 Indian banks
in the UK-based Brand Finance's annual international

ranking of top 500 in 2010, as compared to only six in
2007, according to a report in a leading financial daily.
The growth is not restricted to the metropolitan or urban
areas. Financial inclusion has been at the forefront of
regulators and policy makers in India, a country where
approximately half of the population still does not have
access to banking services. There have been occasions
when banks have acted beyond their role of finance
providers.
For example, a financial daily reported that Aryavart
Gramin Bank, a regional rural bank sponsored by Bank of
India, tied up with Tata BP Solar to finance "Solar Home
Lighting System" for village homes in Uttar Pradesh. It
extended finance of around Rs 10,000 with Rs 3,000 as
margin money to be contributed by the beneficiary.
The equated monthly installment towards the repayment
of the loan amount was less than the amount the
villagers had to spend on kerosene requirements per
month. The bank's initiative resulted in 20,000 houses
getting solar power. It also meant an annual saving of

about 192 tanker loads of kerosene.
Recent development in banking sector

India's economic development and financial sector
liberalization have led to a transformation of the Indian
banking sector over the past two decades
Asset quality and profitability have improved significantly
and the system has become more commercially oriented.
Indian banks were not much impacted by the financial
crisis, helped by their relative isolation and some
counter-cyclical measures implemented by the Reserve
Bank of India in the mid-2000s, but asset quality
deterioration led to some proactive loan restructuring
Over the past year Indian banks have encountered more
headwinds as high inflation led to tightening monetary
policy, putting pressure on borrowers, especially in
weaker sectors.
Funding and liquidity are relatively strong features of the
Indian banking system as the Loans/Deposits ratio is
under 80% and the banks are required to hold large
amounts of Indian government bonds. Their access to
offshore funding is constrained by India's just investment

grade sovereign rating.
Capital is also adequate in aggregate but some banks,
including large Public Sector banks, are in need of core
capital
.
ANALYSIS OF BANKS
COMPANY PROFILE OF PUNJAB NATIONAL BANK.
Description
Details
INDUSTRY
HOUSE
Bank- public
Government
BSE CODE
NSE CODE
532461
PNB | ISIN: INE160A01014
INCORPORATION YEAR
E-MAIL
CHAIRMAN
1895
hosd@pnb.co.in
KR KAMATH
EXECUTIVE DIRECTOR
RAKESH SETHI
PROFILE OF UNION BANK OF INDIA
DESCRIPTION
DETAILS
INDUSTRY
HOUSE
BSE CODE
Bank- public
Government
532477
INCORPORATION YEAR 1919

CHAIRMAN
D. SARKAR
WEBSITE
www.unionbankofindia.co.in
KOTAK MAHINDRA BANK

DESCRIPTION
DETAILS
INDUSTRY
Bank- public
HOUSE
GOVERNMENT
BSE CODE
500247
NSE
kotakbank
INCORPORATION YEAR
1985
CHAIRMAN
MR. Uday Kotak
CHAIRMAN OF BOARD OF
DIRECTOR
Dr. Shankar
Acharya
WEBSITE
www.kotak.com
Yes bank
DESCRIPTION
DETAILS
INDUSTRY
Bank- private
BSE CODE
532648
INCORPORATION YEAR
2004
CHAIRMAN
Dr. Rana Kapoor
WEBSITE
www.yesbank.in
Profit & Loss account of

Punjab National Bank
------------------- in Rs. Cr. ------------------Mar '12
Mar '11
Mar '10
Mar '09
Mar '08
12 mths
12 mths
12 mths
12 mths
12 mths
14,265.02
Income
Interest Earned
36,428.03
26,986.48
21,466.91
19,326.16
Other Income
4,202.60
3,612.58
3,565.31
2,919.69
1,997.56
Total Income
40,630.63
30,599.06
25,032.22
22,245.85
16,262.58
Expenditure
Interest expended
23,013.59
15,179.14
12,944.02
12,295.30
8,730.86
Employee Cost
4,723.48
4,461.10
3,121.14
2,924.38
2,461.54
Selling and Admin Expenses
3,353.59
2,813.45
1,701.46
1,406.42
884.19
292.26
255.85
222.83
191.06
170.23
4,363.51
3,456.02
3,137.42
2,337.80
1,966.98
Depreciation
Miscellaneous Expenses
Preoperative Exp Capitalised
Operating Expenses
Provisions & Contingencies
Total Expenses
Net Profit for the Year
0.00
0.00
0.00
0.00
0.00
9,405.85
8,367.96
5,761.36
5,026.81
3,902.55
3,326.99
2,618.46
2,421.49
1,832.85
1,580.39
35,746.43
26,165.56
21,126.87
19,154.96
14,213.80
Mar '12
Mar '11
Mar '10
Mar '09
Mar '08
12 mths
12 mths
12 mths
12 mths
12 mths
2,048.76
4,884.20
4,433.50
3,905.36
3,090.88
Extraordionary Items
7.88
0.00
0.00
0.00
0.00
Profit brought forward
0.00
0.00
7.64
0.00
15.52
4,892.08
4,433.50
3,913.00
3,090.88
2,064.28
0.00
0.00
0.00
0.00
0.00
Equity Dividend
746.19
696.99
693.67
630.61
409.89
Corporate Dividend Tax
121.05
113.07
116.43
107.17
69.66
Earning Per Share (Rs)
144.00
139.94
123.86
98.03
64.98
Equity Dividend (%)
220.00
220.00
220.00
200.00
130.00
Book Value (Rs)
777.39
632.48
514.77
416.74
341.98
Transfer to Statutory Reserves
1,390.32
1,258.39
1,532.46
1,155.46
596.14
Transfer to Other Reserves
2,634.53
2,365.05
1,570.44
1,190.00
988.59
867.24
810.06
810.10
737.78
479.55
0.00
0.00
0.00
7.64
0.00
4,892.09
4,433.50
3,913.00
3,090.88
2,064.28
Total
Preference Dividend
Per share data (annualised)
Appropriations
Proposed Dividend/Transfer to Govt

Balance c/f to Balance Sheet
Total
Balance Sheet of Punjab

National Bank
------------------- in Rs. Cr. ------------------Mar '12
Mar '11
Mar '10
Mar '09
Mar '08
12 mths
12 mths
12 mths
12 mths
12 mths
Total Share Capital
339.18
316.81
315.30
315.30
315.30
Equity Share Capital
339.18
316.81
315.30
315.30
315.30
0.00
0.00
0.00
0.00
0.00
Capital and Liabilities:
Share Application Money

Preference Share Capital
Reserves
Revaluation Reserves
Net Worth
0.00
0.00
0.00
0.00
0.00
26,028.37
19,720.99
15,915.63
12,824.59
10,467.35
1,449.53
1,470.76
1,491.99
1,513.74
1,535.70
27,817.08
21,508.56
17,722.92
14,653.63
12,318.35
379,588.48
312,898.73
249,329.80
209,760.50
166,457.23
Borrowings
37,264.27
31,589.69
19,262.37
4,374.36
5,446.56
Total Debt
416,852.75
344,488.42
268,592.17
214,134.86
171,903.79
13,524.18
12,328.27
10,317.69
18,130.13
14,798.23
458,194.01
378,325.25
296,632.78
246,918.62
199,020.37
Mar '12
Mar '11
Mar '10
Mar '09
Mar '08
12 mths
12 mths
12 mths
12 mths
12 mths
Cash & Balances with RBI
18,492.90
23,776.90
18,327.58
17,058.25
15,258.15
Balance with Banks, Money at Call
10,335.14
5,914.32
5,145.99
4,354.89
3,572.57
Advances
293,774.76
242,106.67
186,601.21
154,702.99
119,501.57
Investments
122,629.47
95,162.35
77,724.47
63,385.18
53,991.71
Gross Block
5,265.08
4,981.60
4,215.21
3,930.36
3,699.64
Accumulated Depreciation
2,096.22
1,876.01
1,701.74
1,533.25
1,384.12
Net Block
3,168.86
3,105.59
2,513.47
2,397.11
2,315.52
Deposits
Other Liabilities & Provisions

Total Liabilities
Assets
Capital Work In Progress
0.00
0.00
0.00
0.00
0.00
Other Assets
9,792.88
8,259.42
6,320.07
5,020.20
4,380.84
Total Assets
458,194.01
378,325.25
296,632.79
246,918.62
199,020.36
Contingent Liabilities
173,768.84
101,465.73
68,124.47
79,270.65
80,606.88
50,981.22
37,449.53
33,215.78
31,941.43
23,448.99
777.39
632.48
514.77
416.74
341.98
Bills for collection

Book Value (Rs)
Balance Sheet of Union Bank

of India
------------------- in Rs. Cr. ------------------Mar '11
Mar '10
Mar '09
Mar '08
Mar '07
12 mths
12 mths
12 mths
12 mths
12 mths
Total Share Capital
635.33
505.12
505.12
505.12
505.12
524.33
505.12
505.12
505.12
505.12
0.00
0.00
0.00
0.00
0.00

Reserves
Net Worth
111.00
0.00
0.00
0.00
0.00
10,555.35
8,302.69
6,549.26
5,118.19
4,228.16
1,573.84
1,615.97
1,685.98
1,724.40
456.59
12,764.52
10,423.78
8,740.36
7,347.71
5,189.87
202,461.29
170,039.74
138,702.83
103,858.65
85,180.22
Borrowings
13,315.97
9,215.31
3,884.90
4,760.49
4,215.53
Total Debt
215,777.26
179,255.05
142,587.73
108,619.14
89,395.75
7,442.67
5,483.01
9,647.43
8,106.43
8,092.26
235,984.45
195,161.84
160,975.52
124,073.28
102,677.88
Mar '11
Mar '10
Mar '09
Mar '08
Mar '07
12 mths
12 mths
12 mths
12 mths
12 mths
17,610.45
12,468.24
8,992.05
9,454.74
5,917.57
2,487.99
3,308.45
6,992.88
643.10
2,508.87
150,986.08
119,315.30
96,534.23
74,348.29
62,386.43
Investments
58,399.14
54,403.53
42,996.96
33,822.63
27,981.77
Gross Block
3,598.41
3,396.98
3,220.65
2,937.45
1,487.21
1,319.21
1,101.50
893.35
741.62
664.49
Net Block
2,279.20
2,295.48
2,327.30
2,195.83
822.72
Deposits

Total Liabilities
Assets
Advances
13.58
9.96
7.86
4.57
2.28
Other Assets
4,208.00
3,360.89
3,124.23
3,604.10
3,058.24
Total Assets
235,984.44
195,161.85
160,975.51
124,073.26
102,677.88
148,033.99
63,675.91
63,248.00
47,413.13
32,894.26
16,652.20
13,227.35
22,391.95
18,280.70
10,537.72
211.31
174.37
139.66
111.33
93.71

Book Value (Rs)
Profit & Loss account of Union

Bank of India
------------------- in Rs. Cr. ------------------Mar '11
Mar '10
Mar '09
Mar '08
Mar '07
12 mths
12 mths
12 mths
12 mths
12 mths
7,382.18
Income
Interest Earned
16,452.62
13,302.68
11,889.38
9,447.30
Other Income
2,038.78
1,974.74
1,482.55
1,232.67
841.80
Total Income
18,491.40
15,277.42
13,371.93
10,679.97
8,223.98
Expenditure
Interest expended
10,236.42
9,110.27
8,075.81
6,360.95
4,591.96
Employee Cost
2,600.25
1,354.99
1,152.36
845.68
873.80
1,814.19
1,225.57
1,082.54
946.34
620.16
155.66
160.14
136.58
101.82
86.37
1,602.94
1,351.53
1,198.08
1,038.15
1,206.30
Depreciation
Operating Expenses
Total Expenses
0.00
0.00
0.00
0.00
0.00
5,137.69
3,206.76
2,760.59
2,178.20
1,805.92
1,035.35
885.47
808.97
753.79
980.71
16,409.46
13,202.50
11,645.37
9,292.94
7,378.59
Mar '11
Mar '10
Mar '09
Mar '08
Mar '07
12 mths
12 mths
12 mths
12 mths
12 mths
2,081.95
2,074.92
1,726.55
1,387.03
845.39
0.00
0.00
0.00
0.00
0.00
1.63
0.83
0.65
0.48
0.55
2,083.58
2,075.75
1,727.20
1,387.51
845.94
0.00
0.00
0.00
0.00
0.00
419.47
277.81
252.56
202.05
176.79
68.60
47.21
42.92
34.34
27.80
39.71
41.08
34.18
27.46
16.74
Equity Dividend (%)
80.00
55.00
50.00
40.00
35.00
211.31
174.37
139.66
111.33
93.71
973.36
1,177.09
1,171.89
860.86
428.87
621.99
572.01
259.00
289.61
211.99
488.07
325.02
295.48
236.39
204.59
0.16
1.63
0.83
0.65
0.48
2,083.58
2,075.75
1,727.20
1,387.51
845.93
Total
Preference Dividend
Equity Dividend
Book Value (Rs)

Appropriations

Total
Profit & Loss account of Kotak

Mahindra Bank
------------------- in Rs. Cr. ------------------Mar '12
Mar '11
Mar '10
Mar '09
Mar '08
12 mths
12 mths
12 mths
12 mths
12 mths
2,535.36
Income
Interest Earned
6,180.24
4,303.56
3,255.62
3,065.14
Other Income
848.42
507.56
420.97
157.56
310.48
Total Income
7,028.66
4,811.12
3,676.59
3,222.70
2,845.84
Expenditure
Interest expended
3,667.75
2,058.49
1,397.48
1,546.60
1,309.56
Employee Cost
902.36
783.83
583.48
583.63
519.23
542.71
487.82
648.07
552.91
326.66
Depreciation
116.76
98.27
90.00
69.56
50.86
714.03
564.53
396.47
193.91
345.60

Operating Expenses
Total Expenses
0.00
0.00
0.00
0.00
0.00
1,754.66
1,528.58
1,447.42
1,333.60
999.25
521.20
405.87
270.60
66.41
243.10
5,943.61
3,992.94
3,115.50
2,946.61
2,551.91
Mar '12
Mar '11
Mar '10
Mar '09
Mar '08
12 mths
12 mths
12 mths
12 mths
12 mths
1,085.05
818.18
561.11
276.10
293.93
0.00
0.00
2.01
0.00
0.00
1,494.52
965.91
648.94
528.17
354.18
Total
2,579.57
1,784.09
1,212.06
804.27
648.11
0.00
0.00
0.00
0.00
0.00
44.49
36.88
29.66
25.96
25.87
7.22
4.37
0.00
1.86
4.40
14.65
11.10
16.12
7.99
8.53
Equity Dividend (%)
12.00
10.00
8.50
7.50
7.50
107.75
92.74
130.40
112.98
104.26
310.81
207.41
188.43
113.70
74.98
54.26
40.91
28.06
13.80
14.70
51.71
41.25
29.66
27.82
30.27
2,162.79
1,494.52
965.91
648.94
528.17
Total
2,579.57
1,784.09
1,212.06
804.26
648.12

Preference Dividend
Equity Dividend
Book Value (Rs)

Appropriations
Balance Sheet of Kotak

Mahindra Bank
------------------- in Rs. Cr. ------------------Mar '12
Mar '11
Mar '10
Mar '09
Mar '08
12 mths
12 mths
12 mths
12 mths
12 mths
Total Share Capital
370.34
368.44
348.14
345.67
344.67
370.34
368.44
348.14
345.67
344.67
0.00
0.00
0.00
0.00
0.00

Reserves
Net Worth
0.00
0.00
0.00
0.00
0.00
7,610.41
6,464.95
4,191.78
3,559.86
3,249.04
0.00
0.00
0.00
0.00
0.00
7,980.75
6,833.39
4,539.92
3,905.53
3,593.71
Deposits
38,536.52
29,260.97
23,886.47
15,644.93
16,423.65
Borrowings
16,595.52
11,723.95
6,140.51
5,904.07
5,119.25
Total Debt
55,132.04
40,984.92
30,026.98
21,549.00
21,542.90
2,553.67
3,032.36
2,869.42
3,257.34
3,175.75
65,666.46
50,850.67
37,436.32
28,711.87
28,312.36
Mar '12
Mar '11
Mar '10
Mar '09
Mar '08
12 mths
12 mths
12 mths
12 mths
12 mths
2,016.49
2,107.72
2,085.67
995.35
1,710.29
618.06
363.26
214.59
145.32
439.18
Advances
39,079.23
29,329.31
20,775.05
16,625.34
15,552.22
Investments
21,566.81
17,121.44
12,512.66
9,110.18
9,141.99
Gross Block
955.41
831.80
745.34
460.61
391.42
505.45
406.20
317.69
247.25
181.17
Net Block
449.96
425.60
427.65
213.36
210.25

Total Liabilities
Assets
0.00
0.00
0.00
0.00
0.00
Other Assets
1,935.91
1,503.33
1,420.69
1,622.33
1,258.43
Total Assets
65,666.46
50,850.66
37,436.31
28,711.88
28,312.36
17,319.52
12,291.30
4,156.15
4,486.28
7,172.79
6,166.00
4,470.06
3,063.64
1,188.17
826.55
107.75
92.74
130.40
112.98
104.26

Book Value (Rs)
Balance Sheet of Yes Bank
------------------- in Rs. Cr. ------------------Mar '12
Mar '11
Mar '10
Mar '09
Mar '08
12 mths
12 mths
12 mths
12 mths
12 mths
Total Share Capital
352.99
347.15
339.67
296.98
295.79
352.99
347.15
339.67
296.98
295.79
0.00
0.00
0.00
0.00
0.00

Reserves
Net Worth
0.00
0.00
0.00
0.00
0.00
4,323.65
3,446.93
2,749.88
1,327.24
1,023.13
0.00
0.00
0.00
0.00
0.00
4,676.64
3,794.08
3,089.55
1,624.22
1,318.92
Deposits
49,151.71
45,938.93
26,798.57
16,169.42
13,273.16
Borrowings
14,156.49
6,690.91
4,749.08
2,189.06
986.21
Total Debt
63,308.20
52,629.84
31,547.65
18,358.48
14,259.37
5,677.28
2,583.07
1,745.32
2,918.10
1,404.13
73,662.12
59,006.99
36,382.52
22,900.80
16,982.42
Mar '12
Mar '11
Mar '10
Mar '09
Mar '08
12 mths
12 mths
12 mths
12 mths
12 mths
2,332.54
3,076.02
1,995.31
1,277.72
959.24
1,253.00
419.96
677.94
644.99
668.33
Advances
37,988.64
34,363.64
22,193.12
12,403.09
9,430.27
Investments
27,757.35
18,828.84
10,209.94
7,117.02
5,093.71
Gross Block
331.05
255.30
206.40
194.88
133.01
161.98
125.78
92.32
64.15
35.73
Net Block
169.07
129.52
114.08
130.73
97.28
Total Liabilities
Assets
8.04
2.91
1.38
0.39
3.89
Other Assets
4,153.48
2,186.11
1,190.73
1,326.86
729.70
Total Assets
73,662.12
59,007.00
36,382.50
22,900.80
16,982.42
150,977.70
128,259.99
101,835.50
43,953.92
65,990.12
10,851.42
8,135.54
4,105.86
3,849.80
2,884.42
132.49
109.29
90.96
54.69
44.59
Book Value (Rs)
Profit & Loss account of Yes

Bank
------------------- in Rs. Cr. ------------------Mar '12
Mar '11
Mar '10
Mar '09
Mar '08
12 mths
12 mths
12 mths
12 mths
12 mths
1,310.83
Income
Interest Earned
6,307.36
4,041.75
2,369.71
2,003.32
Other Income
857.12
623.27
575.53
435.02
360.67
Total Income
7,164.48
4,665.02
2,945.24
2,438.34
1,671.50
Expenditure
Interest expended
4,691.72
2,794.82
1,581.76
1,492.14
974.11
Employee Cost
475.15
362.34
256.89
218.02
202.41
203.03
185.25
182.76
125.49
60.27
40.82
34.84
30.26
30.10
19.23
776.76
560.64
415.84
268.75
215.45
Depreciation
Operating Expenses
Total Expenses
0.00
0.00
0.00
0.00
0.00
944.10
719.08
587.76
475.61
356.92
551.66
423.99
297.99
166.75
140.44
6,187.48
3,937.89
2,467.51
2,134.50
1,471.47
Mar '12
Mar '11
Mar '10
Mar '09
Mar '08
12 mths
12 mths
12 mths
12 mths
12 mths
977.00
727.14
477.74
303.84
200.02
0.04
-0.04
0.00
0.00
0.00
1,115.06
672.95
405.78
245.08
105.30
Total
2,092.10
1,400.05
883.52
548.92
305.32
0.00
0.00
0.00
0.00
0.00
141.20
86.79
50.95
0.00
0.00
22.91
14.41
8.66
0.00
0.00
27.68
20.95
14.06
10.23
6.76
Equity Dividend (%)
40.00
25.00
15.00
0.00
0.00
132.49
109.29
90.96
54.69
44.59
269.61
183.79
150.95
143.15
60.24
0.00

Preference Dividend
Equity Dividend
Book Value (Rs)

Appropriations
-0.01
0.00
0.00
0.00
164.11
101.20
59.61
0.00
0.00
1,658.39
1,115.06
672.95
405.78
245.08
Total
2,092.10
1,400.05
883.51
548.93
305.32
Recommendations for Indian

banking sector
1.
The organizational structure of the banks

should be effective and efficient
2.
The customer service should be efficient
3.
Islamic banking should be adopted in India.
4.
Banks in India should avoid excessive reliance

on technology.
5.
Data of banks should be protected properly

otherwise hackers can gain access to the
sensitive data.
Conclusion
It could be concluded that there has been no
banking crisis at the same time, efficiency of
banking system as a whole, measured by declining
spread has improved. This is not say that they
have
no
challenges.
challenges,
which
consolidation;
There
appear
in
are
emerging
the
forms
recapitalization,
of
prudential
regulation weak banks, and non-performing assets,

legal framework etc needs urgent attention.
paper
concludes
perspective,
the
that,
recent
from
The
regulatory
developments
in
the
financial sector have led to an appreciation of the

limitations of the present segmental approach to
financial
regulation
consolidated
regulation
and
supervisory
and
structural design.
favors
approach
supervision,
adopting
to
financial
irrespective
of
its
Webliography
1. www. Moneycontrol.com
2. www.management paradise.com
3. www.zignals.com
4. www.money.rediff.com
5. www.kotak.com
6. www.yesbank.com
7. www.caclubindia.com
8. www.indianfoline.com
9. www.pnbindia.com

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PROJECT ON

EQUITY RESEARCH IN BANKING SECTOR

IN FULFILMENT OF ONE MONTH WINTER

WITH BIRLA SUN LIFE INSURANCE.

Signature of the candidate

Signature of the Guide

This project is about equity research in banking

OBJECTIVE, SCOPE, ASSUMPTION AND

What is equity shares?

What is equity investment?

How to invest in equity shares?

Why should one invest in equity?

Goal of Fundamental Analysis

Concept of technical analysis:

Coverage of Markets that extend beyond local

An approach that has often proved itself to be

THE INDIAN BANKING SECTOR

in the UK-based Brand Finance's annual international

getting solar power. It also meant an annual saving of

Recent development in banking sector

offshore funding is constrained by India's just investment

COMPANY PROFILE OF PUNJAB NATIONAL BANK.

PROFILE OF UNION BANK OF INDIA

INCORPORATION YEAR 1919

KOTAK MAHINDRA BANK

MR. Uday Kotak

Dr. Rana Kapoor

Profit & Loss account of

------------------- in Rs. Cr. ------------------Mar '12

Selling and Admin Expenses

Net Profit for the Year

Profit brought forward

Corporate Dividend Tax

Earning Per Share (Rs)

Equity Dividend (%)

Book Value (Rs)

Transfer to Statutory Reserves

Transfer to Other Reserves

Per share data (annualised)

Proposed Dividend/Transfer to Govt

Balance Sheet of Punjab

------------------- in Rs. Cr. ------------------Mar '12

Total Share Capital

Equity Share Capital

Capital and Liabilities:

Share Application Money

Cash & Balances with RBI

Balance with Banks, Money at Call

Other Liabilities & Provisions

Capital Work In Progress

Bills for collection

Balance Sheet of Union Bank

------------------- in Rs. Cr. ------------------Mar '11

Total Share Capital

Equity Share Capital

Capital and Liabilities:

Share Application Money

Other Liabilities & Provisions

Capital Work In Progress

Bills for collection

Profit & Loss account of Union

------------------- in Rs. Cr. ------------------Mar '11

Selling and Admin Expenses