Comparision Icici HDFC

A COMPARATIVE STUDY ON FINANCIAL EFFICIENCY OF ICICI AND HDFC BANK
DEFINITION OF BANK
Banking Means "Accepting Deposits for the purpose of lending or Investment of deposits
of
money from the public, repayable on demand or otherwise and withdraw by cheque, draft or
otherwise."
- Banking Companies (Regulation) Act, 1949
ORIGIN OF THE WORD BANK:-
The origin of the word bank is shrouded in mystery. According to one view point the Italian
business house carrying on crude from of banking were called banchi bancheri" According to
another viewpoint banking is derived from German word "Branck" which mean heap or mound.
In England, the issue of paper money by the government was referred to as a raising a bank.
ORIGIN OF BANKING:
Its origin in the simplest form can be traced to the origin of authentic history. After recognizing
the benefit of money as a medium of exchange, the importance of banking was developed as it
provides the safer place to store the money. This safe place ultimately evolved in to financial
institutions that accepts deposits and make loans i.e., modern commercial banks.
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BANKING SYSTEM IN INDIA

Without a sound and effective banking system in India it cannot have a healthy economy. The
banking system of India should not only be hassle free but it should be able to meet new
challenges posed by the technology and any other external and internal factors. For the past three
decades India's banking system has several outstanding achievements to its credit. The most
striking is its extensive reach. It is no longer confined to only metropolitans or cosmopolitans in
India. In fact, Indian banking system has reached even to the remote corners of the country. This
is one of the main reasons of India's growth process.
HISTORY OF BANKING IN INDIA

Banking in India has its origin as early or Vedic period. It is believed that the transitions from
many lending to banking must have occurred even before Manu, the great Hindu furriest, who
has devoted a section of his work to deposit and advances and laid down rules relating to the rate
of interest. During the mogul period, the indigenous banker played a very important role in
lending money and financing foreign trade and commerce.
During the days of the East India Company it was the turn of agency house to carry on the
banking business. The General Bank of India was the first joint stock bank to be established in
the year 1786. The other which followed was the Bank of Hindustan and Bengal Bank. The Bank
of Hindustan is reported to have continued till 1906.
While other two failed in the meantime. In the first half of the 19th century the East India
Company established there banks, the bank of Bengal in 1809, the Bank of Bombay in 1840 and
the Bank of Bombay in1843. These three banks also known as the Presidency banks were the
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independent units and functioned well. These three banks were amalgamated in 1920 and new
bank, the Imperial Bank of India was established on 27th January, 1921. With the passing of the
State Bank of India Act in 1955 the undertaking of the Imperial Bank of India was taken over by
the newly constituted SBI. The Reserve Bank of India (RBI) which is the Central bank was
established in April, 1935 by passing Reserve bank of India act 1935. The Central office of RBI
is in Mumbai and it controls all the other banks in the country.
In the wake of Swadeshi Movement, number of banks with the Indian management were
established in the country namely, Punjab National Bank Ltd., Bank of India Ltd., Bank of
Baroda Ltd., Canara Bank. Ltd. on 19 th July 1969, 14 major banks of the country were
nationalized and on 15th April 1980, 6 more commercial private sector banks were taken over by
the government.
The first bank in India, though conservative, was established in 1786. From 1786 till today,the
journey of Indian Banking System can be segregated into three distinct phases. They areas
mentioned below:
Early phase from 1786 to 1969 of Indian Banks
Nationalization of Indian Banks and up to 1991 prior to Indian banking sector Reforms.
New phase of Indian Banking System with the advent of Indian Financial & Banking
Sector Reforms after 1991.
Phase I
The General Bank of India was set up in the year 1786. Next come Bank of Hindustan and
Bengal Bank. The East India Company established Bank of Bengal (1809), Bank of Bombay
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(1840) and Bank of Madras (1843) as independent units and called it Presidency Banks. These
three banks were amalgamated in 1920 and Imperial Bank of India was established which started
as private shareholders banks, mostly Europeans shareholders. In 1865 Allahabad Bank was
established and first time exclusively by Indians, Punjab National Bank Ltd. was set up in 1894
with headquarters at Lahore. Between 1906 and 1913, Bank of India, Central Bank of India,
Bank of Baroda, Canara Bank, Indian Bank, and Bank of Mysore were set up. Reserve Bank of
India came in 1935.
During the first phase the growth was very slow and banks also experienced periodic failures
between 1913 and 1948. There were approximately 1100 banks, mostly small. To streamline the
functioning and activities of commercial banks, the Government of India came up with The
Banking Companies Act, 1949 which was later changed to Banking Regulation Act 1949 as per
amending Act of 1965 (Act No. 23 of 1965). Reserve Bank of India was vested with extensive
powers for the supervision of banking in India as the Central Banking Authority.
During those days public has lesser confidence in the banks. As an aftermath deposit
mobilization was slow. Abreast of it the savings bank facility provided by the Postal department
was comparatively safer. Moreover, funds were largely given to traders.
Phase II
Government took major steps in this Indian Banking Sector Reform after independence. In1955,
it nationalized Imperial Bank of India with extensive banking facilities on a large scale especially
in rural and semi-urban areas. It formed State Bank of India to act as the principal agent of RBI
and to handle banking transactions of the Union and State Governments all over the country.
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Seven banks forming subsidiary of State Bank of India was nationalized in 1960 on 19th July,
1969, major process of nationalization was carried out. It was the effort of the then Prime
Minister of India, Mrs. Indira Gandhi. 14 major commercial banks in the country were
nationalized. Second phase of nationalization Indian Banking Sector Reform was carried out in
1980 with seven more banks. This step brought 80% of the banking segment in India under
Government ownership.
The following are the steps taken by the Government of India to Regulate Banking
Institutions in the Country: 1949: Enactment of Banking Regulation Act.
1955: Nationalization of State Bank of India.
1959: Nationalization of SBI subsidiaries.
1961: Insurance cover extended to deposits.
1969: Nationalization of 14 major banks.
1971: Creation of credit guarantee corporation.
1975: Creation of regional rural banks.
1980: Nationalization of seven banks with deposits over 200 crore.
After the nationalization of banks, the branches of the public sector bank India rose to
approximately 800% in deposits and advances took a huge jump by 11,000%.
Banking in the sunshine of Government ownership gave the public implicit faith and immense
confidence about the sustainability of these institutions.
Phase III
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This phase has introduced many more products and facilities in the banking sector in its reforms
measure. In 1991, under the chairmanship of M Narasimhama, a committee was set up by his
name which worked for the liberalization of banking practices. The country is flooded with
foreign banks and their ATM stations. Efforts are being put to give a satisfactory service to
customers. Phone banking and net banking is introduced. The entire system became more
convenient and swift. Time is given more importance than money. The financial system of India
has shown a great deal of resilience. It is sheltered from any crisis triggered by any external
macroeconomics shock as other East Asian Countries suffered. This is all due to a flexible
exchange rate regime, the foreign reserves are high, the capital account is not yet fully
convertible, and banks and their customers have limited foreign exchange exposure.
BANKS IN INDIA
In India the banks are being segregated in different groups. Each group has their own benefits
and limitations in operating in India. Each has their own dedicated target market. Few of them
only work in rural sector while others in both rural as well as urban. Many even are only catering
in cities. Some are of Indian origin and some are foreign players.
All these details and many more is discussed over here. The banks and its relation with the
customers, their mode of operation, the names of banks under different groups and other such
useful informations are talked about.
One more section has been taken note of is the upcoming foreign banks in India. The RBI has
shown certain interest to involve more of foreign banks than the existing one recently. This step
has paved a way for few more foreign banks to start business in India.
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BANKING STRUCTURE IN INDIA

SCHEDULED BANKS IN INDIA
(1)
Scheduled Commercial Banks
Public Sector Banks
Private Sector Banks
(26)
Nationalized
Other
Sector
Regional Rural
India
Banks
(25)
Bank
Foreign Banks In
Old
(29)
(95)
Private
Banks
Public
Banks
New
Private
Banks
(IDBI)
SBI And Its

Associates
(2) Scheduled Cooperative Banks
Scheduled Urban Cooperative Banks
Scheduled State Cooperative Banks
Public Sector Bank
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Public sector banks are those banks which are owned by the Government. The Govt. runs these
Banks. In India 14 banks were nationalized in 1969 & in 1980 another 6 banks were also
nationalized. Therefore in 1980 the number of nationalized bank is 20. At present there are total
26 Public Sector Banks in India (As on 26-09-2009). Of these 19 are nationalized banks, 6
(STATE BANK OF INDORE ALSO MERGED RECENTLY) belong to SBI & associates group
and 1 bank (IDBI Bank) is classified as other public sector bank. Welfare is their primary
objective.
Nationalized banks
Allahabad Bank
Andhra Bank
Bank Of Baroda
Bank Of India
Bank Of Maharashtra
Canara Bank
Central Bank Of India
Corporation Bank
Dena Bank
Indian Bank
Indian Overseas Bank
Oriental Bank Of
Commerce
Punjab & Sind Bank
Punjab National Bank
Syndicate Bank
UCO Bank
Union Bank Of India
United Bank Of India
Vijaya Bank
Other
Public
Sector
SBI & its Associates
Banks
IDBI
(Industrial
Developmen
t Bank Of
India)Ltd.
State Bank of India
State Bank of Hyderabad
State Bank of Mysore
State Bank of Patiala
State Bank of Travancore
State Bank of Bikaner And Jaipur
(State Bank of Saurastra merged with

SBI in the year 2008 and State Bank of
Indore In 2010)
Private Sector Banks
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These banks are owned and run by the private sector. Various banks in the country such as ICICI
Bank, HDFC Bank etc. An individual has control over their banks in preparation to the share of
the banks held by him.
Private banking in India was practiced since the beginning of banking system in India. The first
private bank in India to be set up in Private Sector Banks in India was IndusInd Bank. It is one of
the fastest growing Bank Private Sector Banks in India. IDBI ranks the tenth largest development
bank in the world as Private Banks in India and has promoted world class institutions in India.
The first Private Bank in India to receive an in principle approval from the Reserve Bank of
India was Housing Development Finance Corporation Limited, to set up a bank in the private
sector banks in India as part of the RBI's liberalization of the Indian Banking Industry. It was
incorporated in August 1994 as HDFC Bank Limited with registered office in Mumbai and
commenced operations as Scheduled Commercial Bank in January 1995. ING Vysya, yet another
Private Bank of India was incorporated in the year 1930
Private sector banks have been subdivided into following 2 categories:-
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Old Private Sector Banks
Bank of Rajasthan Ltd.
Catholic Syrian Bank Ltd.

City Union Bank Ltd.
Dhanlakshmi Bank Ltd.
Federal Bank Ltd.

ING Vysya Bank Ltd.
Jammu and Kashmir Bank
Ltd.
Karnataka Bank Ltd.
Karur Vysya Bank Ltd.

Lakshmi Vilas Bank Ltd.
Nainital Bank Ltd.
Ratnakar Bank Ltd.
SBI Commercial and
International Bank Ltd.
South Indian Bank Ltd.
New Private Sector Banks
Tamilnad Mercantile Bank

Ltd.
United Western Bank Ltd.
FOREIGN BANKS IN INDIA
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Bank of Punjab Ltd. (since merged

with Centurion Bank)
Centurion Bank of Punjab (since
merged with HDFC Bank)
Development Credit Bank Ltd.
HDFC Bank Ltd.
ICICI Bank Ltd.
IndusInd Bank Ltd.
Kotak Mahindra Bank Ltd.
Axis Bank (earlier UTI Bank)
Yes Bank Ltd.
ABN AMRO Bank N.V.
HSBC (Hong Kong &
Shanghai Banking Corporation)

Abu Dhabi Commercial
Bank Ltd
JPMorgan Chase Bank
American Express Bank
Krung Thai Bank
Antwerp Diamond Bank
Mashreq Bank
Arab Bangladesh Bank
Mizuho Corporate Bank
Bank International
Oman International Bank
Shinhan Bank
Socit Gnrale
Sonali Bank
Standard Chartered Bank
State Bank of Mauritius
Indonesia
Bank of America
Bank of Bahrain & Kuwait
Bank of Ceylon
Bank of Nova Scotia
Bank of Tokyo Mitsubishi
UFJ
Barclays Bank
BNP Paribas
Calyon Bank
China Trust Commercial

Bank
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Citibank
DBS Bank
Deutsche Bank
Cooperative banks in India

The Cooperative bank is an important constituent of the Indian Financial System, judging by the
role assigned to cooperative, the expectations the cooperative is supposed to fulfill, their number,
and the number of offices the cooperative bank operate. Though the cooperative movement
originated in the West, but the importance of such banks have assumed in India is rarely
paralleled anywhere else in the world. The cooperative bank in India plays an important role
even today in rural financing. The businesses of cooperative bank in the urban areas also have
increased phenomenally in recent years due to the sharp increase in the number of primary cooperative banks. Cooperative Banks in India are registered under the Co-operative Societies Act.
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The cooperative bank is also regulated by the RBI. They are governed by the Banking
Regulations Act 1949 and Banking Laws (Co-operative Societies) Act, 1965.
Rural banks in India
Rural banking in India started since the establishment of banking sector in India. Rural Banks
in those days mainly focused upon the agro sector. Regional rural banks in India penetrated every
corner of the country and extended a helping hand in the growth process of the country.
SBI has 30 Regional Rural Banks in India known as RRBs. The rural bank of SBI is spread in 13
states extending from Kashmir to Karnataka and Himachal Pradesh to North East. The total
number of SBIs Regional Rural Banks in India branches is 2349 (16%). Till date in rural banking
in India, there are 14,475 rural banks in the country of which 2126 (91%) are located in remote
rural areas. Apart from SBI, there are other few banks which functions for the development of
the rural areas in India. Few of them are as follows.
Haryana State Cooperative Apex Bank Limited
The Haryana State Cooperative Apex Bank Ltd. commonly called as HARCOBANK plays a
vital role in rural banking in the economy of Haryana State and has been providing aids and
financing farmers, rural artisans, agricultural laborers, entrepreneurs, etc. in the state and giving
service to its depositors.
NABARD
National Bank for Agriculture and Rural Development (NABARD) is a development bank in the
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sector of Regional Rural Banks in India. It provides and regulates credit and gives service for the
promotion and development of rural sectors mainly agriculture, small scale industries, cottage
and village industries, handicrafts. It also finance rural crafts and other allied rural economic
activities to promote integrated rural development. It helps in securing rural prosperity and its
connected matters.
SINDHANUR URBAN SOUHARDA CO-OPERATIVE BANK
Sindhanur Urban Souharda Co-operative Bank, popularly known as SUCO BANK is the first of
its kind in rural banks of India. The impressive story of its inception is interesting and inspiring
for all the youth of this country.
UNITED BANK OF INDIA
United Bank of India (UBI) also plays an important role in regional rural banks. It has expanded
its branch network in a big way to actively participate in the developmental of the rural and
semi-urban
areas
in
conformity
with
the
objectives
of
nationalization.
SYNDICATE BANK
Syndicate Bank was firmly rooted in rural India as rural banking and have a clear vision of future
India by understanding the grassroots realities. Its progress has been abreast of the phase of
progressive banking in India especially in rural banks.
FACT FILES OF BANKS IN INDIA

The first Bank in India to be given an ISO certification.
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Canara Bank
The first Bank in Northern India to get ISO 9002 certification

for their selected branches.
Punjab and Sind

Bank
The first Indian Bank to have been started solely with Indian capital.
Punjab
Bank
The first among the Private Sector Banks in Kerala to become South
Scheduled Bank in 1946 under the RBI act.
Bank
Indias oldest, largest and the most successful commercial bank State
offering the widest possible range of domestic, international and NRI India
products and services, through its vast network in India and overseas.
National
Indian
Bank
of
Indias second largest Private Sector Bank and is now the largest The Federal Bank
scheduled commercial bank in India.
Limited
Bank which started as Private Shareholders Banks, mostly European Imperial Bank of
shareholders.
India
The first Indian Bank to open a branch outside India in London in 1946
and the first to open a branch in continental Europe at Paris in 1974
Bank of India,
Founded in 1906
in Mumbai.
The oldest Public Sector Bank in India having branches all over India Allahabad Bank
and serving the customers for the last 132 years.
INDIAN BANKING INDUSTRY
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The Indian banking market is growing at an astonishing rate, with Assets expected to reach US$1
trillion by 2010. An expanding economy, middleclass, and technological innovations are all
contributing to this growth.
The countrys middle class accounts for over 320 million People. In correlation with the growth
of the economy, rising income levels, increased standard of living, and affordability of banking
products are promising factors for continued expansion.
The Indian banking Industry is in the middle of an IT revolution, focusing on the expansion of
retail and rural banking. Players are becoming increasingly customer -centric in their approach,
which has resulted in innovative methods of offering new banking products and services.
Banks are now realizing the importance of being a big player and are beginning to focus their
attention on mergers and acquisitions to take advantage of economies of scale and/or comply
with Basel II regulation.
Indian banking industry assets are expected to reach US$1 trillion by 2010 and are poised to
receive a greater infusion of foreign capital, says Prathima Rajan, analyst in Celent's banking
group and author of the report.
The banking industry should focus on having a small number of large players that can compete
globally rather than having a large number of fragmented players.
2.1 TITLE OF THE STUDY
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A COMPARATIVE STUDY ON THE FINANCIAL EFFICIENCY OF ICICI BANK

AND HDFC BANK LTD.
2.2 STATEMENT OF THE PROBLEM
Even through the private sector banks are lacking in branch network and market coverage, they
have competitive strengths in automation and technology, product innovation, risk management,
speedy decision making, personalized service, progressive Human Resource Management
policies and expertise in niche segments and so on. They are providing better services to
customers. They are under effective management and control.
The study will lead to following questions:1. To determine the efficiency of both the Icici bank and Hdfc bank?
2. To know financial status of both banks?
3. To determine position of both banks in India?
2.3 OBJECTIVES OF THE STUDY
The Present study comprises two types of objectives namely Basic objective and
supplementary objectives. The basic objective is the comparative financial efficiency of
ICICI BANK AND HDFC BANK. The supplementary objectives are as follows:
1. To compare the different financial ratio of both banks.
2. To study about the position of both banks in market.
3. To know the performance of both banks.
4. To study the past performance of both banks
2.4 SCOPE OF THE STUDY
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The present study is undertaken to highlight the comparative on financial performance of ICICI
BANK and HDFC BANK. The study is mainly approached from the point of view of ICICI
BANK and HDFC .It doesnt consider others view. ICICI Bank, being the best bank in India has
been selected for the study.
It rises to the level of 2nd largest bank in India in term of net assets after the merger of ICICI
with ICICI Bank. It has a wide range of products and services. It has great prospects in retail
finance.
It has pioneered a multi-channel distribution strategy in India, giving 24 hours and 7 days a week
access to banking services. The major criteria for analysis are priority sector and public sector,
foreign exchange, cost and expenditure, profitability and so on.
2.5 REVIEW OF LITERATURE

Srinivas K., Saroja L.(2013), compared and analyzed the Financial Performance of HDFC and
ICICI Bank . For the purpose of analysis of comparative financial performance of the selected
banks using CAMELS model with t-test. The result showed that there is no significance
difference between the ICICI and HDFC banks financial performance but the ICICI bank
performance is slightly less compared with HDFC.
2.6 DATA COLLECTIONS

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This study is mostly based on secondary data. The data were collected from the annual report of
both ICICI BANK and HDFC BANK . In addition to the records of the bank, data were also
collected from banking bulletin, websites, newspapers, magazines and the like.
2.7 PERIOD OF THE STUDY
The study will cover a period of five financial years from 2010 2011 to 2014 2015.
2.8 STATISTICAL TOOLS USED
Data will be collected from diverse source that put through a rigorous analysis using the
following tools:
Trend Analysis
Ratio Analysis
Chi-square Test
Correlation
2.9 LIMITATIONS OF THE STUDY
The study will cover a period of only Five years from 2010 2011 to 2014 2015 and the period
from its inception has not been considered. The researcher has made collective analysis of
financial statements of all ICICI banks and HDFC banks present in the internet.
2.10 SCHEME OF CHAPTERIZATION
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Chapter 1 INTRODUCTION
Chapter 2 RESERCH DESIGN
Chapter 3 COMPANY PROFILE
Chapter 4 ANALYSIS AND INTERPRETATION OF DATA
Chapter 5
SUMMARY OF FINDINGS, SUGGESTIONS AND CONCLUSION
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ICICI
Bank (Industrial
Credit
and
Investment
Corporation
of
India)
is
an Indian multinational banking and financial services of the company is headquartered

in Mumbai, Maharashtra, India, with its registered office in Vadodara. In 2014, it was the second
largest bank in India in terms of assets and third in term of market capitalization.
It offers a wide range of banking products and financial services for corporate and retail
customers through a variety of delivery channels and specialized subsidiaries in the areas
of investment banking, life, non-life insurance, venture capital and asset management. The bank
has a network of 4,183 branches and 13,498 ATMs in India, and has a presence in 17 countries
including India.
ICICI Bank is one of the Big Four banks of India, along with State Bank of India, Bank of
Baroda and Punjab National Bank. The bank has subsidiaries in the United Kingdom and
Canada; branches in United States, Singapore, Bahrain, Hong Kong, Sri Lanka, Qatar, Oman,
Dubai International Finance Centre, China and South Africa; and representative offices in United
Arab Emirates, Bangladesh, Malaysia and Indonesia. The company's UK subsidiary has also
established branches in Belgium and Germany.
HISTORY
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ICICI BRANCH
ICICI Bank was established by the Industrial Credit and Investment Corporation of India
(ICICI) an Indian financial institution, as a wholly owned subsidiary in 1994. The parent
company was formed in 1955 as a joint-venture of the World Bank, India's public-sector banks
and public-sector insurance companies to provide project financing to Indian industry.
The bank was founded as the Industrial Credit and Investment Corporation of India Bank, before
it changed its name to the abbreviated ICICI Bank. The parent company was later merged with
the bank. ICICI Bank launched internet banking operations in 1998.
ICICI's shareholding in ICICI Bank was reduced to 46 percent, through a public offering of
shares in India in 1998, followed by an equity offering in the form of American Depositary
Receipts on the NYSE in 2000. ICICI Bank acquired the Bank of Madura Limited in an all-stock
deal in 2001 and sold additional stakes to institutional investors during 2001-02.
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In the 1990s, ICICI transformed its business from a development financial institution offering
only project finance to a diversified financial services group, offering a wide variety of products
and services, both directly and through a number of subsidiaries and affiliates like ICICI Bank.
In 1999, ICICI become the first Indian company and the first bank or financial institution from
non-Japan Asia to be listed on the NYSE.
In 2000, ICICI Bank became the first Indian bank to list on the New York Stock Exchange with
its five million American depository shares issue generating a demand book 13 times the offer
size. In October 2001, the Boards of Directors of ICICI and ICICI Bank approved the merger of
ICICI and two of its wholly owned retail finance subsidiaries, ICICI Personal Financial Services
Limited and ICICI Capital Services Limited, with ICICI Bank.
The merger was approved by shareholders of ICICI and ICICI Bank in January 2002, by
the High Court of Gujarat at Ahmedabad in March 2002 and by the High Court of Judicature at
Mumbai and the Reserve Bank of India in April 2002.
In 2008, following the 2008 financial crisis, customers rushed to ICICI ATMs and branches in
some locations due to rumors of adverse financial position of ICICI Bank. The Reserve Bank of
India issued a clarification on the financial strength of ICICI Bank to dispel the rumors.
ACQUISITIONS
1996: SCICI Ltd. A diversified financial institution with headquarters in Mumbai.
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1997: ITC Classic Finance. incorporated in 1986, ITC Classic was a non-bank financial
firm that engaged in hire, purchase, and leasing operations. At the time of being acquired,
ITC Classic had eight offices, 26 outlets, and 700 brokers.
1998: Anagram (ENAGRAM) Finance. Anagram had built up a network of some 50

branches in Gujarat, Rajasthan, and Maharashtra that were primarily engaged in retail
financing of cars and trucks. It also had some 250,000 depositors.
2001: Bank of Madurai
2002: The Darjeeling and Shimla branches of Grindlays Bank
2005: Investitsionno-Kreditny Bank (IKB), a Russian bank.
2007: Sangli Bank. Sangli Bank was a private sector unlisted bank, founded in 1916, and
30% owned by the Bahte family. Its headquarters were in Sangli in Maharashtra, and it had
198 branches. It had 158 in Maharashtra and 31 in Karnataka, and others in Gujarat, Andhra
Pradesh, Tamil Nadu, Goa, and Delhi. Its branches were relatively evenly split between
metropolitan areas and rural or semi-urban areas.
2010: The Bank of Rajasthan (BOOR) was acquired by the ICICI Bank in 2010
for 30 billion. RBI was critical of BOR's promoters not reducing their holdings in the
company. BOR has since been merged with ICICI Bank.
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ROLE IN INDIAN FINANCIAL INFRASTRUCTURE

The bank has contributed to the set-up of a number of Indian institutions to establish financial
infrastructure in the country over the years:
National Stock Exchange - The National Stock Exchange was promoted by India's
leading financial institutions (including ICICI Ltd.) in 1992 on behalf of the Government of
India with the objective of establishing a nationwide trading facility for equities, debt
instruments and hybrids, by ensuring equal access to investors all over the country through
an appropriate communication network.
Credit Rating Information Services of India Limited (CRISIL) - In 1987, ICICI Ltd along
with UTI set up CRISIL as India's first professional credit rating agency. CRISIL offers a
comprehensive range of integrated products and service offerings which include credit
ratings, capital market information, industry analysis and detailed reports.
National Commodities and Derivatives Exchange Limited - NCDEX is an online multicommodity exchange, set up in 2003, by ICICI Bank Ltd, LIC, NABARD, NSE, Canara
Bank, CRISIL, Goldman Sachs, Indian Farmers Fertilizer Cooperative Limited (IFFCO)
and Punjab National Bank.
Financial Innovation Network and Operations Pvt.Ltd. - ICICI Bank has facilitated
setting up of "FINO Cross Link to Case Link Study" in 2006, as a company that would
provide technology solutions and services to reach the underserved and under
banked population of the country. Using technologies like smart cards, biometrics and a
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basket of support services, FINO enables financial institutions to conceptualize, develop and
operationalize projects to support sector initiatives in microfinance and livelihoods.
Entrepreneurship Development Institute of India - Entrepreneurship Development

Institute of India (EDII), an autonomous body and not-for-profit society, was set up in 1983,
by the erstwhile apex financial institutions like IDBI, ICICI, IFCI and SBI with the support
of the Government of Gujarat.
North Eastern Development Finance Corporation - North Eastern Development Finance

Corporation (NEDFI) was promoted by national level financial institutions like ICICI Ltd in
1995 at Guwahati, Assam for the development of industries, infrastructure, animal
husbandry, agri-horticulture plantation, medicinal plants, sericulture, aquaculture, poultry
and dairy in the North Eastern states of India. NEDFI is the premier financial and
development institution for the North East region.
Asset Reconstruction Company India Limited - Following the enactment of the

Securitization Act in 2002, ICICI Bank, together with other institutions, set up Asset
Reconstruction Company India Limited (ARCIL) in 2003, to create a facilitative
environment for the resolution of distressed debt in India. ARCIL was established to acquire
non-performing assets (NPAs) from financial institutions and banks with a view to enhance
the management of these assets and help in the maximization of recovery. This would relieve
institutions and banks from the burden of pursuing NPAs, and allow them to focus on core
banking activities.
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Credit Information Bureau of India Limited - ICICI Bank has also helped in setting
up Credit Information Bureau of India Limited (CIBIL), India's first national credit bureau in
2000. CIBIL provides a repository of information (which contains the credit history of
commercial and consumer borrowers) to its members in the form of credit information
reports. The members of CIBIL include banks, financial institutions, state financial
corporations, non-banking financial companies, housing finance companies and credit card
companies.
Institutional Investor Advisory Services India Limited (IiAS) ICICI Bank has indirectly
invested in Institutional Investor Advisory Services, through ICICI Prudential Life Insurance
Company, in IiAS. IiAS is a voting advisory firm aka proxy firm, dedicated to providing
participants in the Indian market with data, research and commentary. It provides
recommendations on resolutions placed before shareholders of over 300 companies.
PRODUCTS
EXTRA HOME LOANS
ICICI Bank Extra Home Loans are 'mortgage-guarantee' backed loans for retail customers who
aspire to purchase their first homes in the affordable housing segment. This was introduced in
August 2015 in association with India Mortgage Guarantee Corporation (IMGC). IMGC is a
joint venture between National Housing Bank (NHB), an RBI subsidiary which regulates Home
Finance Companies in India; NYSE-listed Glenworth Financial Inc., a Fortune 500 company;
International Finance Corporation (IFC) and Asian Development Bank (ADB).
SMART VAULT
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Smart Vault are fully automated lockers available 24x7, including weekends and post banking
hours were launched in August 2015. The Smart Vault uses robotic technology to access the
lockers from the safe vault conveniently at any time of their preference in total privacy, without
any intervention of the branch staff.
SARAL LOANS
In August 2015, ICICI Bank introduced Saral-Rural Housing Loan. Applicants from rural areas
including women borrowers as well as seekers from weaker sections can now avail home loans
at the ICICI Bank Base Rate (I-Base) which is currently at 9.70%. An eligible borrower can
take up to Rs.15 lac under the ICICI Bank Saral-Rural Housing Loan.
ICICI BANK UNIFARE BANGALORE METRO CARD
ICICI Bank and Bangalore Metro Rail Corporation Limited (BMRCL) in April 2015 announced
the launch of the ICICI Bank Unifare Bangalore Metro Card to offer the commuters dual
benefits of an ICICI Bank credit or debit card and BMRCLs smart card, called Namma Metro
Smart Card.
'TOUCH N REMIT' FACILITY FOR NRIS IN KINGDOM OF BAHRAIN
In March 2015, ICICI Bank tied up with SADAD Electronic Payments WLL to offer remittance
service for NRIs based in Bahrain, enabling them to transfer monies instantly to India from the
latters kiosks spread across the Kingdom of Bahrain. This facility has been named as Touch n
Remit.
ICICI BANK LTD LAUNCHES 'VIDEO BANKING' FOR NRI
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In February 2015, ICICI Bank announced the launch of 'Video Banking' for all its NRI (Non
Resident Indian) customers. Using this service, the customers can now connect with a customer
care representative over a video call, round-the-clock, on all days from anywhere using their
smart phone.
POCKETS BY ICICI BANK

In February 2015, ICICI Bank Re-Launched POCKETS now is working as a "Digital wallet" for
everyone (Android OS users only). The Wallet be can be opened by anyone and can conduct
transactions like recharge, shopping, transfer money using the virtual visa card which is issued
when signing up for the wallet.
ICICI BANK PAY ON TWITTER
ICICI Bank in January, 2015 launched banking services on Twitter, christened as
'ICICIBankPay'. This service in India enables ICICI Bank customers to transfer money to anyone
in the country who has a Twitter account, check account balance, view last three transactions and
recharge prepaid mobile in a completely secure manner.
CONTACTLESS CREDIT AND DEBIT CARDS
ICICI Bank in January, 2015 announced the launch of the countrys first Contactless debit and
credit cards, enabling its customers to make electronic payments by just waving the cards near
the merchant terminal in lieu of dipping or swiping them. These cards are based on the Near
Field Communication (NFC) technology, which provides customers the improved convenience
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of speed as these cards require significantly less time than traditional cards to complete a
transaction along with enhanced security as they remain in control of the customer.
MY SAVINGS REWARDS
ICICI Bank has rolled-out the programed 'MySavings Rewards' from 1 September 2012, where
reward points are offered to individual domestic customers for a variety of transactions done
through the savings bank account. Reward points are offered automatically to customers for
activating Internet banking, shopping online/ paying utility bills with Internet banking and autodebit from savings account towards equated monthly installments for home/ auto/ personal loan/
recurring deposit. Customers are required to maintain a monthly average balance of 15,000 or
more. the Indian bank will require 5.5% interest on short term loans and long term bonds and
mortgages loans up to $2 million up to 20years to pay back annual interest of 5.5% short term
loans from 3 months up to 3years at 5.5% .credit interest is reduced to 10% annually .
IWISH- THE FLEXIBLE RECURRING DEPOSIT
I Wish is a flexible recurring deposit product launched by ICICI Bank for its savings account
customers. Unlike a traditional recurring deposit, iWish allows customers to save varying
amounts of money at any time of their choice. Customers can create several goals and track their
progress on an online interface.
ICICI Bank has developed this product in collaboration with Social Money. ICICI Bank has also
launched an app for Android and Apple smart watches. The app will provide the facility of online
banking transaction from smart watch.
GO GREEN INITIATIVE
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The Go Green Initiative is an initiative that moves beyond people, processes and customers to
cost effective automated channels to build awareness of our environment, nation and society. The
various green products and services are Instabanking (alternate banking options like- Internet
banking, i-Mobile banking, & IVR Banking. On 22 September 2014 ICICI Bank launched Four
New Next Gen Mobile Banking Apps), Vehicle Finance for car models which use alternate
modes of energy (50% waiver on processing fee of auto loans.
SUBSIDIARIES
DOMESTIC
ICICI Prudential Life Insurance Company Limited
ICICI Lombard General Insurance Company Limited
ICICI Prudential Asset Management Company Limited
ICICI Prudential Trust Limited
ICICI Securities Limited
ICICI Securities Primary Dealership Limited
ICICI Venture Funds Management Company Limited
ICICI Home Finance Company Limited
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ICICI Investment Management Company Limited
ICICI Trusteeship Services Limited
ICICI Prudential Pension Funds Management Company Limited
INTERNATIONAL
ICICI Bank USA
ICICI Bank UK PLC
ICICI Bank Canada
ICICI Bank Eurasia Limited Liability Company
ICICI Securities Holdings Inc.
ICICI Securities Inc.
ICICI International Limited
AWARDS AND ACHIEVEMENTS OF ICICI

2003
"The Asian Banker Excellence in Retail Financial Services Program" by The Asian
Banker
2004
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Best Bank in India Award presented by Euro money Magazine
2006
Bank of the Year 2006 India by the Banker
2007
ICICI Bank has been conferred the Euromoney Award 2007 for the Best Bank in the
Asia-Pacific Region
ICICI Bank wins the Excellence in Remittance Business award by The Asian Banker
ICICI Bank was got the awards for 'Best Transaction Bank' in India, Best Domestic
Bank' in India 'Best follow-on offering'(US$4.94 billion), 'Best Investment Grade
Bond'(US$2 billion, three-tranche bonds), Best Syndicated Loan Managers by Asset.
2009
ICICI Bank bags the "Best bank in SME financing (Private Sector)" at the Dun &
Bradstreet Banking award.
ICICI Bank won the Best Banking Security Systems Project Award and Best E-Banking
Project Implementation Award by The Asian Banker.
2010
ICICI Bank won the Best Banking Security System by The Asian Banker.
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2011
ICICI Bank is the only Indian brand to figure in the BrandZ Top 100 Most Valuable
Global Brands Report, second year in a row
ICICI Bank won the 'Best CRM Project' and 'Best Banking Security Systems' by The
Asian Banker.
2012
Airtel, ICICI among 'top 100 global brands
ICICI Bank received the Golden Peacock Innovative Product / Service Award
ICICI Bank received the Dataquest Technology Innovation Awards 2012 for Data center
migration by Dataquest.
ICICI Bank was conferred the Best Performance Award for Self Help Group (SHG) Bank
Linkage Programmed in NABARD's State Level Awards announced by their Maharashtra
Regional Office. The Bank received the first prize for the year 201011 in the Private Sector
Bank category and 2nd runner up for the year 201112 in the Commercial Bank category.
2013
ICICI Bank has been adjudged winner at the Express IT Innovation Award under the
Large Enterprise category
ICICI Bank won the RMAI received the "Gram Samvad", Service for Low cost/Small
budget marketing initiative Award by Rural Marketing Association of India (RMAI).
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ICICI bank won the 'Next Generation Banking solution' award by Celent.
ICICI bank won the Best Domestic Trade Finance Bank and Best Financial Supply Chain
Project Award in India by The Asian Banker
ICICI Bank won the honors of the Medici Innovation Hall of Fame Award, instituted by
The Medici Institute in collaboration with the Medici Group, USA.
2014
According to the Brand Trust Report 2014, ICICI Bank was ranked 28th among India's
most trusted brands, a research conducted by Trust Research Advisory.
ICICI Bank was ranked second at the 'National Energy Conservation Award 2014' under
the office buildings (less than 10 lakh kWh/year consumption) category.
ICICI bank won the Best Private Sector Bank - Global Business Development by Polaris
Financial Technology Banking Awards 2014.
IDBRT awarded ICICI for 'Best Bank Award for Business Intelligence Initiatives among
Large Banks' and 'Best Bank Award for Social Media and Mobile Banking among Large
Banks'.
ICICI bank was awarded the Certificate of Recognition as one of the Top 5 Companies in
Corporate Governance in the 14th The Institute of Company Secretaries of India National
Awards for Corporate Governance. They were honored by Arun Jaitley.
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ICICI Bank has been honored as The Best Service Provider - Risk Management, India at
The Asset Triple A Transaction Banking, Treasury, Trade and Risk Management Awards
2014.
ICICI Bank was awarded the 'Best Retail Bank in India', 'Best Microfinance Business'
and 'Best Retail Banking Branch Innovation' under the 'Excellence in Retail Financial
Services awards 2014' and Technology Implementation Award for Lending Platform
Implementation by The Asian Banker
2015
ICICI Bank won an award in the BFSI Leadership Summit & Awards in the 'Best Phone
Banking for End-users category.
ICICI Bank won in six categories and was the first runner-up in one category among
Private Sector Banks at IBA Banking Technology Awards, 2015. The bank was declared
winner in the six categories of Best Technology Bank of the Year, Best use of Data, Best
Risk Management Initiatives, Best use of Technology in Training, Human Resources and eLearning initiatives, Best Financial Inclusion Initiative and Best use of Digital and Channels
Technology. ICICI Bank was the first runner-up in Best use of Technology to Enhance
Customer Experience.
ICICI Bank has been declared as the first runner up at Outlook Money Awards 2015 in
the category of Best Bank
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ICICI Bank has been adjudged the Best Retail Bank in India by The Asian Banker. It
has also emerged winners in the categories of Best Internet Banking Initiative and Best
Customer Risk Management Initiative awards given by The Asian Banker.
Social responsibility programs for elementary Education
Read to Lead Phase I: Read to Lead is an initiative of ICICI Bank to facilitate access to
elementary education for underprivileged children in the age group of 314 years including
girls and tribal children from the remote rural areas. The Read to Lead initiative supports
partner NGOs to design and implement programs that mobilize parent and community
involvement in education, strengthen schools and enable children to enter and complete
formal elementary education. Read to Lead has reached out to 100,000 children across 14
states of Andhra Pradesh, Bihar, Delhi, Gujarat, Haryana, Jharkhand, Karnataka,
Maharashtra, Orissa, Rajasthan, Tamil Nadu, Tripura, Uttar Pradesh and West Bengal.
Read to Lead Phase II: In Phase II of the Read to lead programme, ICICI Bank has
supported the establishment of 63 libraries that will reach out to approximately 7,200
children in the rural areas of Jagdalpur block of Bastar district in Chhattisgarh. The
programme includes building libraries, sourcing books and conducting various interactive
activities to make the library a dynamic center for learning.
CONTROVERSIES
INHUMANE DEBT RECOVERY METHODS
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A few years after its rise to prominence in the banking sector, ICICI bank faced allegations on
the recovery methods it used against loan payment defaulters. A number of cases were filed
against the bank and its employees for using "brutal measures" to recover the money.
Most of the allegations were that the bank was using goons to recover the credit card payments
and that these "recovery agents" exhibited inappropriate and in some cases, inhuman behavior.
Incidents were reported wherein the defaulters were put to "public shame" by the recovery
agents.
The bank also faced allegations of inappropriate behavior in recovering its loans. These
allegations started initially when the "recovery agents" and bank employees started threatening
the defaulters. In some cases, notes written by the bank's employees asking the defaulters to "sell
everything in the house including family members", were found. Such charges faced by the bank
rose to a peak when suicide cases were reported wherein the suicide notes spoke of the Bank's
recovery methods as the cause of the suicide. This led to a lot of legal battles and the bank
paying huge compensations
MONEY LAUNDERING ALLEGATIONS
ICICI Bank was one of the leading Indian banks accused of blatant money laundering through
violation of RBI guidelines in the famous CobraPost sting operation which shook up Indian
banking industry during AprilMay 2013.
On 14 March 2013 the online magazine CobraPost released video footage from Operation Red
Spider showing high-ranking officials and some employees of ICICI Bank agreeing to convert
black money into white, an act in violation of Money Laundering Control Act.
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The Government of India and Reserve Bank of India ordered an inquiry following the expose.
On 15 March 2013, ICICI Bank suspended 18 employees, pending inquiry. On 11 April 2013
Deputy Governor of RBI, H R Khan reportedly told that the central bank is initiating action
against ICICI Bank in connation with allegations of money laundering.
In March 2013, Operation Red Spider showed high-ranking officials and some employees of
ICICI Bank involved in money laundering. After a government inquiry, ICICI Bank suspended
18 employees and faced penalties from the Reserve Bank of India in relation to the activity.
CREDIT RATING
The credit ratings agency Moody has lowered the ratings for ICICI Bank to Baa3/P-3 from
Baa2/P-2 in April 2015.
HDFC Bank Limited is an Indian banking and financial services company headquartered in
Mumbai, Maharashtra. It has about 76,286 employees including 12,680 women and has a
presence in Bahrain, Hong Kong and Dubai. HDFC Bank is the second largest private bank in
India as measured by assets. It is the largest bank in India by market capitalization as of February
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2016. It was ranked 58th among Indias most trusted brands according to Brand Trust Report,
2015.
Total balance sheet size as of December 31, 2015 was Rs.687,892 crores as against Rs.534,855
crores as of December 31, 2014. The Banks total income for the quarter ended December 31,
2015 was Rs.18,283.3 crores, up from Rs.14,930.7 crores for the quarter ended December 31,
2014. Net revenues (net interest income plus other income) increased by 20.7% to Rs.9,940.7
crores for the quarter ended December 31, 2015 as against Rs.8,234.8 crores for the
corresponding quarter of the previous year.
HISTORY
In 1994, HDFC Bank Limited was incorporated, with its registered office in Mumbai, India. Its
first corporate office and a full service branch at Sandoz House, Worli was inaugurated by the
then Union Finance Minister, Dr. Man Mohan Singh. It operates in 2,505 cities in India with
4,281 branches which are linked on an online real-time basis. The Bank has a network of 11,843
ATMs across India.
ACQUISITIONS
Times Bank
In February, 2000, Times Bank Limited (a new private sector bank promoted by Bennett,
Coleman & Co. / Times Group) merged with HDFC Bank Ltd. This was the first merger of two
private banks in the New Generation Private Sector Banks category. As per the scheme of
amalgamation approved by the shareholders of both banks and the Reserve Bank of India,
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shareholders of Times Bank received 1 share of HDFC Bank for every 5.75 shares of Times
Bank.
CENTURION BANK OF PUNJAB

In 2008, Centurion Bank of Punjab (CBoP) was acquired by HDFC Bank Ltd. HDFC Bank
Board on 25 February 2008 approved the acquisition of CBoP for Rs.9,510 crore in one of the
largest mergers in the financial sector in India. As per the scheme of amalgamation, shareholders
of CBoP received 1 share of HDFC Bank for every 29 shares of CBoP.
PRODUCTS AND SERVICE

WHOLESALE BANKING SERVICES
HDFC Bank provides a range of commercial and transactional banking services, including
working capital finance, trade services, transactional services, cash management, etc. to large,
small and mid-sized corporates and agriculture-based businesses in India.
RETAIL BANKING SERVICES
HDFC Bank was the first bank in India to launch an International Debit Card in association with
VISA (Visa Electron). The bank also issues the MasterCard Maestro debit card. The Bank
launched its credit card business in late 2001. By the end of June 2013, it had a credit card base
of 5.94 million. By March 2012, the bank had a total card base (debit and credit cards) of over
19.7 million. The Bank is also one of the leading players in the "merchant acquiring" business
with over 240,000 point-of-sale (POS) terminals for debit / credit cards acceptance at merchant
establishments.
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TREASURY
The bank has three main product areas - Foreign Exchange and Derivatives, Local Currency
Money Market & Debt Securities, and Equities. These services are provided through the bank's
Treasury team. To comply with statutory reserve requirements, the bank is required to hold 25%
of its deposits in government securities. The Treasury business is responsible for managing the
returns and market risk on this investment portfolio.
OPERATIONS
As of December 31, 2015, the Banks distribution network was at 4,281 branches in 2,505 cities
in India, and all branches of the Bank are linked on an online real-time basis. The Bank has
overseas branch operations in Bahrain, Hong Kong and Dubai. Customers across India are also
serviced through multiple delivery channels such as Phone Banking, Net Banking, Mobile
Banking and SMS based banking. The Bank also has a network of 11,843 ATMs across India.
SUBSIDIARIES
HDB Financial Services Limited (HDBFS) is engaged in retail asset financing. It is a nondeposit taking non-bank finance company (NBFC). Apart from lending to individuals, the
company grants loans to micro, small and medium business enterprises. It also runs call centers
for collection services to the HDFC Banks retail loan products. The Company is promoted by
HDFC Bank Ltd which has 97.42% shareholding in the Company as on 31 March 2012. As of
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March 31, 2015, HDBFS had 425 branches in 265 cities. During the FY 2013-14, HDBFS had
turnover of Rs.1688.27 crores and profit after tax of Rs.209.24 crores
HDFC Securities Limited (HSL) is engaged in stock broking. As of March 31, 2014, HDBFS
has 200 branches across 160 cities. HDFC Bank has 89.24% shareholding in HSL. During the
FY 2013-14, HSL had turnover of Rs.263.1 crores and profit after tax of Rs.78.4 crores.
LISTINGS AND SHAREHOLDING

The Equity shares of HDFC Bank are listed on Bombay Stock Exchange and the National Stock
Exchange of India. Its American Depository Shares are listed on NYSE and the Global
Depository Receipts are listed on the Luxembourg Stock Exchange where two GDRs represent
on equity share of HDFC Bank.
SHAREHOLDERS (AS OF 31 DECEMBER-2015)
SHAREHOLDING
Promoter Group (HDFC)
21.57%
Foreign Institutional Investors (FII)
32.40%
Individual shareholders
8.5%
Bodies Corporate
07.50%
Insurance companies
05.38%
Mutual Funds/UTI
8.65%
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Page 43
NRI/OCB/Others
00.29%
Financial Institutions/Banks
2.75%
ADS/GDRs
18.78%
CSR Activities
HDFC Bank has taken several steps as a part of their Corporate Social Responsibility. It has
collaborated with several NGOs to assist in its activities.
Initiative
Objective
Activities
Provide empowerment to the Conducts training for occupational skills,

Sustainable
rural section of the country, credit counseling, capacity building program,
Livelihood
especially women.
Financial
sustainable livelihood initiative
literacy
in
600
Financial
Rural financial literacy programs under the

schools
across
Andhra
Literacy
aegis of RBI.
Pradesh and Odisha.
Friends Union for Energizing Lives (FUEL),
Aim to making every child
cover
Education
literate
with
100
children
under
Jayaprakash
quality
Narayan Memorial Trusts Vidya and Child
education.
Programme.
Aimed at formal training and ETASHA, support SGBS Trust, tied up with
Training
development of youth
Community
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Focused
on
Hope Foundation
sustainable Partnered with Watershed Organization Trust

Page 44
development with economic (WOTR), promote rain water harvesting,

Initiatives
growth
blood donation campaigns
Awards and Recognition

2016
Best Performing Branch in Microfinance among Award
Private sector bank by NABARD, 2016
for
Best
Performance
in
Microfinance
Bank of the Year & Best Digital

KPMG study of Indias Best Banks
Banking Initiative Award 2016
Business Leader of the Year- Aditya

AIMA Managing India Awards 2015
Puri
Finance Asia poll on Asia's Best Companies 2015
Best Managed Public Company-India
Barron's
World's 30 Best CEOs - Aditya Puri
J. P Morgan Quality Recognition Award
Best
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Page 45
in
class
straight
Through
Processing Rates
2015
AIMA Managing India Awards 2015
-Business Leader of the Year- Aditya Puri
Barron's
-World's 30 Best CEOs - Aditya Puri
Finance Asia poll on Asia's Best Companies

- Best Managed Public Company-India
2015
Forbes Asia
Fab 50 Companies List for the 8th year
J. P Morgan Quality Recognition Award
- Best in class straight Through Processing Rates
2014
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Best Private Banking Services for Super affluent clients for 5

Euromoney
years in a row at Euromoney Awards
Euromoney Private Banking Best Private Banking Services award for Net-worth-specific
and
Wealth
Management services category for Super affluent clients (US$1 million to
Survey 2015
US$5 million).
FE Best Bank Awards
Best Bank in the New Private sector
Business Today - KPMG

Best Large Bank Overall
Study 2014
Business
world-PwC
India
Best Large Bank
Best Banks Survey 2014

Asia money FX Poll 2014
- Best Domestic Provider of FX options

Strongest Bank in India in the Asian Banker 500 (AB 500)
The Asian Banker

Strongest Bank by Balance Sheet Ranking 2014
Dun & Bradstreet - Polaris
Financial
Technology Best Bank - Managing IT Risk (Large Banks)
Banking Awards 2014

BrandZ TM Top 50 Most
Valuable Indian Brands study India's Most Valuable Brand
by Millward Brown
Finance Asia Country Awards
2014 and poll on India's Top Best Bank India
Companies
CONTROVERSIES
Money laundering allegations
On 14 March 2013 an online magazine named Cobrapost.com released video footage
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Page 47
from Operation Red Spider showing high-ranking officials and some employees of HDFC bank
and two other leading banks, willing to turn black money into white, a violation of Money
Laundering Control Act.
Following the release of the footage, the Government of India and RBI ordered an inquiry. The
banks under question also conducted investigations of their own. HDFC appointed Deloitte
Touche Tohmatsu to conduct a forensic inquiry.
The bank also appointed Amarchand & Mangaldas & Suresh A Shroff & Co (AMSS), a law firm
based in India, to investigate in association with the internal departmental inquiry, the breaches
in the banks code of conduct and ethical standards by the officials involved On 16 March 2013,
HDFC released a statement announcing the suspension of over 20 employees involved in the
videotape to ensure fair and unbiased investigation process.
The RBI forensic investigation did not reveal any prima facie evidence for the allegations of
money laundering. Deputy Governor at RBI, K.C. Chakrabarty, said in an interview that no
transactions had taken place The Executive Director of HDFC, Paresh Sukthankar, also
confirmed that their investigations revealed the same on 24 April 2013,
"The issue is being reviewed and investigated from multiple quarters. Clearly, all the
investigations have shown that there have been no instances of transactions actually taking place.
Our belief is that the existing processes seem to have worked in not allowing these transactions
to happen. However, RBI investigations revealed violations of KYC (Know Your Customer)
norms, for which the three banks were imposed penalty, with Rs.4.5 crores imposed on HDFC
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Table 4.1: PROFIT AND LOSS ACCOUNT OF ICICI BANK

FOR THE ENDING ON MARCH 2011-2015
Mar '15
Mar '14
Mar '13
Mar '12
Mar '11
12months 12months 12months 12months 12months
INCOME
Interest Earned
Other Income
Total Income
EXPENDITURE
Interest expended
Employee Cost
Selling, Admin & Misc. Expenses
Depreciation
Preoperative Exp Capitalized
Operating Expenses
Provisions & Contingencies
Total Expenses
Net Profit for the Year
Extraordinary Items
Profit brought forward
Total
Preference Dividend
Equity Dividend
Corporate Dividend Tax
PER SHARE DATA (annualized)
Earnings Per Share (Rs)
Equity Dividend (%)
Book Value (Rs.)
APPROPRIATIONS
Transfer to Statutory Reserves
Transfer to Other Reserves
Proposed Dividend/Transfer to
Gov.
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49,091.14
12,176.13
61,267.27
30,051.53
4,749.88
14,631.56
658.95
0
11,495.83
8,544.56
50,091.92
44,178.15
10,427.87
54,606.02
27,702.59
4,220.11
12,296.88
575.97
0
10,308.86
6,784.10
44,795.55
40,075.60
8,345.70
48,421.30
26,209.18
3,893.29
9,503.20
490.16
0
9,012.89
4,873.76
40,095.83
33,542.65
7,502.76
41,045.41
22,808.50
3,515.28
7,731.85
524.53
0
7,850.44
3,921.22
34,580.16
25,974.05
6,647.89
32,621.94
16,957.15
2,816.93
7,134.05
562.44
0
6,617.25
3,896.17
27,470.57
11,175.35 9,810.48 8,325.47 6,465.26

0
0
0
0
13,318.59 9,902.29 7,054.23 5,018.18
24,493.94 19,712.77 15,379.70 11,483.44
0
0
0
0
2,898.81 2,656.28 2,307.23 1,902.04
271.15
231.25
292.16
220.35
5,151.38
0
3,464.38
8,615.76
0
1,612.58
202.28
19.28
250
138.72
84.95
230
633.92
72.17
200
578.21
56.09
165
524.01
44.73
140
478.31
4,062.57
0
3,169.96
3,506.65
0
2,887.53
2,878.03
0
2,599.39
2,306.49
0.33
2,122.39
1,782.45
0.26
1,814.86
Page 49
Balance c/f to Balance Sheet

Total
17,261.42 13,318.59 9,902.29 7,054.23

24,493.95 19,712.77 15,379.71 11,483.44
5,018.18
8,615.75
(In crores)
Source: Annual report of icici bank
Graph 4.1:
YEAR WISE NET PROFIT OF ICICI
Net profit
12,000.00
11,175.35
9,810.48
10,000.00
8,325.47
8,000.00
6,465.26
6,000.00
Net profit
5,151.38
4,000.00
2,000.00
0.00
2011
2012
2013
2014
2015
(In crores)
Fig.: Chart showing the net profit of ICICI bank
INTERPRETATION:
The graph shows the net profit of ICICI bank of last five financial years. The net profit of icici
bank in the financial year 2010-2011 was 5151.38 crores and it reached to 11,175.35 crores in the
financial year 2014-2015. It shows that the bank net profit has improved a lot in these years.
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Table 4.2:
PROFIT AND LOSS ACCOUNT OF HDFC BANK

Mar '15
Mar '14
Mar '13
Mar '12
Mar '11
INCOME
Interest Earned
Other Income
Total Income
EXPENDITURE
Interest expended
Employee Cost
Selling, Admin & misc. Expenses
Depreciation
Operating Expenses
Total Expenses

Extraordinary Items
Total
Preference Dividend
Equity Dividend
IFIM COLLEGE
48,469.9
0
8,996.35
57,466.2
5
41,135.5
3
7,919.64
49,055.1
7
35,064.8
7
6,852.62
41,917.4
9
27,286.3
5
5,243.69
32,530.0
4
19,928.2
1
4,335.15
24,263.3
6
26,074.2
4
4,750.96
15,768.8
5
656.3
0
13,987.5
5
7,188.56
47,250.3
5
22,652.9
0
4,178.98
13,073.3
1
671.61
0
12,042.2
0
5,881.70
40,576.8
0
19,253.7
5
3,965.38
11,320.41
14,989.5
8
3,399.91
8,430.96
9,385.08
651.67
0
11,236.12
542.52
0
8,590.07
497.41
0
7,152.91
4,701.34
35,191.2
1
3,783.32
27,362.9
7
3,798.97
20,336.9
6
10,215.9
2
0
14,654.1
5
24,870.0
7
0
2,005.20
8,478.38
6,726.28
5,167.09
3,926.40
0
11,132.18
0
8,399.65
0
6,174.24
0
4,532.79
19,610.5
6
0
1,643.35
15,125.9
3
0
1,309.08
11,341.33
8,459.19
0
1,009.08
0
767.62
Page 51
2,836.04
7,618.43

Equity Dividend (%)
Book Value (Rs)
APPROPRIATIONS
Gov.
Total
Source: Annual report of hdfc bank.
408.21
279.29
222.48
163.7
124.53
40.76
400
247.39
35.34
342.5
181.23
28.27
275
152.2
22.02
215
127.52
84.4
165
545.46
2,807.28
1,021.59
2,413.41
2,185.93
847.84
1,922.64
1,789.56
672.63
1,531.56
1,252.20
516.71
1,172.78
1,000.16
392.64
892.15
18,627.7 14,654.1
9
5
24,870.0 19,610.5
7
6
(In crores)
11,132.18
8,399.65
6,174.24
15,125.9
3
11,341.34
8,459.19
Graph 4.2:
YEAR WISE NET PROFIT OF HDFC
NET PROFIT
12000
10215.92
10000
8478.38
8000
6726.28
6000
4000
NET PROFIT
5167.09
3926.4
2000
0
2011
IFIM COLLEGE
2012
2013
2014
Page 52
2015
Fig.: Chart showing the net profit of HDFC bank
INTERPRETATION
Year
ICICI BANK
HDFC BANK
The graph shows the net profit of HDFC
2011
5151.38
3926.4
2012
6456.26
5167.09
bank of last five financial years. The net
2013
8325.87
6726.28
profit in the financial year 2010-2011
2014
9810.48
8478.38
2015
11175.35
10215.92
was 3926.4 crores and it reached to

10215.92 crores in the financial year
2014-2015.The bank has seen a lot of improvement in the last three financial year.
TABLE 4.3:
COMPRATIVE NET PROFIT OF BOTH BANKS
Table showing the comparative net profit of ICICI bank and HDFC bank
IFIM COLLEGE
Page 53
(In crores)
Analysis:
The table shows the net profit of both banks of last five financial years. ICICI bank is having a
higher net profit than HDFC bank in last five years. But HDFC is showing more improvement
than the ICICI bank.
Graph 4.3:
COMPARATIVE NET PROFIT
IFIM COLLEGE
Page 54
11,175.35
12,000.00
9,810.48
10,000.00
8,325.47
8,000.00
6,000.00
6,465.26
5,151.38
10,215.92
8,478.38
6,726.28
ICICI
5,167.09
HDFC
3,926.40
4,000.00
2,000.00
0.00
2011
2012
2013
2014
2015
(In crores)
chart showing the comparison of net profit of ICICI BANK AND HDFC BANK.
INTERPRETATION:
ICICI is keeping their lead over HDFC in terms of NET PROFIT in the last five financial years.
But both banks net profit is in increasing trend.
Table 4.4:
BALANCE SHEET OF ICICI BANK

Mar '15
IFIM COLLEGE
Mar '14
Page 55
Mar '13
Mar '12
Mar '11
12 months
12 months
12 months
12 months
12 months
1,159.66
1,159.66
7.44
0
79,262.26
80,429.36
361,562.7
172,417.3
533,980.0
31,719.86
1,155.04
1,155.04
6.57
0
72,051.71
73,213.32
331,913.6
154,759.0
486,672.7
34,755.55
1,153.64
1,153.64
4.48
0
65,547.84
66,705.96
292,613.6
145,341.4
437,955.1
32,133.60
1,152.77
1,152.77
2.39
0
59,250.09
60,405.25
255,499.9
140,164.9
395,664.8
17,576.98
1,151.82
1,151.82
0.29
0
53,938.82
55,090.93
225,602.1
109,554.2
335,156.3
15,986.35
646,129.3
594,641.5
536,794.6
473,647.1
406,233.6
25,652.91
16,651.71
21,821.83
19,707.77
19,052.73
22,364.79
20,461.29
15,768.02
20,906.97
13,183.11
387,522.0
186,580.0
4,725.52
0
0
4,725.52
0
24,997.05
646,129.2
338,702.6
177,021.8
4,678.14
0
0
4,678.14
0
32,709.39
594,641.6
290,249.4
171,393.6
4,647.06
0
0
4,647.06
0
29,087.07
536,794.6
253,727.6
159,560.0
4,614.69
0
0
4,614.69
0
19,515.39
473,647.0
216,365.9
134,685.9
4,744.26
0
0
4,744.26
0
16,347.47
406,233.6
868,190.5 794,965.3
0
0
138.72
633.92
Source: Annual report of icici bank.
(In crores)
802,383.8
0
578.21
923,037.1
0
524.01
931,651.6
0
478.31
Capital and Liabilities:

Total Share Capital
Equity Share Capital
Share Application Money
Preference Share Capital
Reserves
Net Worth
Deposits
Borrowings
Total Debt
Other Liabilities &
Provisions
Total Liabilities
Assets
Cash & Balances with RBI
Balance with Banks, Money
at Call
Advances
Investments
Gross Block
Revaluation Reserves
Accumulated Depreciation
Net Block
Capital Work In Progress
Other Assets
Total Assets
Contingent Liabilities
Bills for collection
Book Value (Rs)
Table 4.5:
BALANCE SHEET OF HDFC BANK

IFIM COLLEGE
Page 56
Mar '15
12 months
Mar '14
12 months
Mar '13
12 months
Mar '12
12 months
Mar '11
12 months
501.3
501.3
0
0
61,508.12
62,009.42
450,795.6
4
45,213.56
496,009.2
0
32,484.46
479.81
479.81
0
0
42,998.82
43,478.63
367,337.48
475.88
475.88
0
0
35,738.26
36,214.14
296,246.98
465.23
465.23
2.91
0
24,911.13
25,379.27
208,586.41
39,438.99
406,776.47
33,006.60
329,253.58
41,344.40
34,864.17
469.34
469.34
0.3
0
29,455.04
29,924.68
246,706.4
5
23,846.51
270,552.9
6
37,431.87
590,503.0
8
491,599.50
400,331.89
337,909.5
1
277,352.60
27,510.45
8,821.00
25,345.63
14,238.01
14,627.40
12,652.77
14,991.09
5,946.63
25,100.82
4,568.02
365,495.0
3
166,459.9
5
3,121.73
0
0
3,121.73
0
19,094.91
590,503.0
7
303,000.27
239,720.64
159,982.67
120,951.07
111,613.60
195,420.0
3
97,482.91
2,939.92
0
0
2,939.92
0
25,124.60
491,599.50
2,703.08
0
0
2,703.08
0
19,014.41
400,331.90
2,347.19
0
0
2,347.19
0
21,721.64
337,909.4
9
2,170.65
0
0
2,170.65
0
14,601.08
277,352.61
997,538.8 744,097.98
8
0
0
Book Value (Rs)
247.39
181.23
Source: Annual report of hdfc bank.
(In crores)
746,226.39
883,985.3
2
0
127.52
588,550.98

Total Share Capital
Reserves
Net Worth
Deposits
Borrowings
Total Debt
Other Liabilities &
Provisions
Total Liabilities
Assets
at Call
Advances
Investments
Gross Block
Net Block
Other Assets
Total Assets
IFIM COLLEGE
Page 57
0
152.2
14,394.06
222,980.47
28,992.86
70,929.37
0
545.46
A. PER SHARE RATIOS

EARNING PER SHARE
This ratio help us to estimate the earning per share, what are shareholder gets it also take into
account the capital appreciation. The higher the EPS the better for the shareholders. It is the
reward for investing their money in the company. Earnings per share are the excess profit in a
concern distributed to its equity shareholder after paying of interest, tax and dividend to
preference shareholders. Earnings per Share also indicate the profitability of a concern.
A company with higher earnings per share gives more return that a company with lower Earnings
per Share. It is a earning on each share held by the equity shareholders.
It is calculated as follows:
Earnings per Share:
Profit after tax less preference dividend

Total number of equity shares
IFIM COLLEGE
Page 58
Table 4.6:
EPS
Year
ICICI BANK
HDFC BANK
2011
44.73
84.40
SHOWING THE
2012
56.09
35.34
OF BOTH
2013
72.17
28.27
BANKS
2014
84.95
35.34
2015
19.28
40.76
TABLE
(In rupees)
Analysis:
The table shows the earning per share of both banks of last five financial years. There is lot of
fluctuation in EPS of both banks in the past five financial years. ICICIs EPS financial year in
2010-2011 was Rs.44.73 whereas in 2014-2015 it is 19.28.Same is with HDFC bank its EPS in
financial year 2010-2011 was Rs.84.40 but in financial year 2014-2015 it dropped to 40.76.
IFIM COLLEGE
Page 59
Graph 4.4:
COMPARATIVE EARNING PER SHARE
140
84.4
35.34
120
28.27
100
35.34
84.95
80
72.17
60
40
HDFC
40.76
56.09
ICICI
44.73
20
0
2011
19.28
2012
2013
2014
2015
Chart showing EPS for different financial year
INTERPRETATION
The graph shows the comparative earnings per share of both banks. It may be observed from the
above graph that both banks have fluctuating EPS but HDFC is comparatively better than ICICI
bank. In the financial year 2014-2015 the eps of hdfc bank was Rs.40.76 as compared to
Rs.19.28 of icici bank in the same year.
IFIM COLLEGE
Page 60
DIVIDEND PER SHARE

This ratio helps us to analyze the dividend paid to equity shareholders. The more dividend, the
better for the shareholder, but adequate amount of retaining should be made for growth
prospects.
Table 4.7:
TABLE SHOWING THE COMPARATIVE DIVIDEND PER SHARE
YEAR
ICICI BANK
HDFC BANK
2011
14.00
16.50
2012
16.50
4.30
2013
20.00
5.50
2014
23.00
6.85
2015
5.00
8.00
Analysis:
The above table shows the comparative dividend per share of both banks. ICICI bank is
providing a good rate of dividend per share but in 2015 HDFC has given more rate of dividend.
HDFC has given Rs.8 in financial year 2014-2015 but icici has provided only Rs.5 in the same
financial year.
IFIM COLLEGE
Page 61
Graph 4.5:
COMPARATIVE DIVIDEND PER SHARE
23
25
20
20
15
16.5
16.5
14
ICICI
10
4.3
6.85
5.5
HDFC
5
0
2011
2012
2013
2014
2015
Chart showing dividend per share for different financial year
INTERPRETATION
It may be observed from the above graph that both banks have fluctuating dividend per share but
ICICI is comparatively better than HDFC bank except the last financial year in which it has
provided more dividend than ICICI bank. Dividend per share on higher side means that the
shareholders of the company are satisfied with the performance of companies.
IFIM COLLEGE
Page 62
OPERATING PROFIT PER SHARE

This ratio helps us to analyze the operating profit per share. The higher is the ratio, the better for
the shareholders.
Table 4.8:
TABLE SHOWING THE COMPARATIVE OPERATING PROFIT PER SHARE
YEAR
ICICI BANK
HDFC BANK
2011
25.72
83.56
2012
29.57
18.11
2013
46.32
21.97
2014
58.39
29.65
2015
14.15
36.16
Source: secondary data
Analysis:
The above table shows the comparative operating profit per share of both banks of last five
financial years. The ICICI bank is growing at good rate. But there is decrease in financial year
2014-2015.HDFC is growing at steady rate after the downfall in the year 2011-2012.
IFIM COLLEGE
Page 63
Graph 4.6:
COMPARATIVE OPERATING PROFIT PER SHARE
90
83.56
80
70
58.39
60
46.32
50
36.16
40
30
29.65
29.57
25.72
18.11
ICICI
HDFC
21.97
14.15
20
10
0
2011
2012
2013
2014
2015
Chart showing dividend per share for different financial year
INTERPRETATION
It may be observed from the above graph that HDFC is performing way better than ICICI bank
in the financial year 2010-2011.But after that icici has managed to improve their dividend per
share as compared to hdfc bank. In the financial year 2014-2015 HDFC has again managed to
regain their lead over ICICI bank.
IFIM COLLEGE
Page 64
NET OPERATING INCOME PER SHARE

This ratio helps us to estimate the Net Operating per Share of the company.
Table 4.9:
TABLE SHOWING THE COMPARATIVE NET OPERATING PROFIT PER
SHARE
YEAR
ICICI BANK
HDFC BANK
2011
225.51
428.36
2012
290.99
116.28
2013
347.40
147.37
2014
382.55
171.47
2015
84.68
193.38
Analysis:
The above table show the net operating income of the both banks are growing at good rate .In
case of ICICI bank there is sharp decrease in operating income in financial year 2015 from
Rs.382.55 to Rs.84.68.but HDFC has manage a good increasing trend in their part.
IFIM COLLEGE
Page 65
Graph 4.7:
COMPARATIVE NET OPERATING NET PROFIT PER SHARE
428.36
450
400
350
290.99
300
250
382.55
347.4
225.51
200
116.28
150
147.37
171.47
193.38
ICICC
HDFC
100
84.68
50
0
2011
HDFC
2012
2013
2014
ICICC
2015
Chart showing net operating profit per share for different financial year
IFIM COLLEGE
Page 66
Interpretation:
From the above table it can be interpreted that ICICI was performing better than HDFC except
the last financial year in which it fell almost Rs.300 as compared to last financial year. But for
major part of time ICICI bank was better than HDFC bank. HDFC has grown from strength to
strength in every financial year.
B. PROFITABILITY RATIO
NET PROFIT MARGIN

This ratio helps us to estimate the Net Profit Margin. The profit margin of a company determines
its ability to withstand competition and adverse condition like rising costs , falling prices or
declining sales in futures. The ratio measure the percentage of profit earned per rupees of sale
and thus a measure of efficiency of the company. It is the ratio that expresses the relationship
between net profit and sales. The ratio indicates the quantum of profit earned by concern. A high
ratio indicates that the concern has a good profitability. Net sales are equal to gross sale less
excise duty.
IFIM COLLEGE
Page 67
It is calculated as follow:
NET PROFIT MARGIN: Profit after taxes X 100
Net sales
It is generally expressed as percentage
Table 4.10:
TABLE SHOWING THE COMPARATIVE NET PROFIT MARGIN
YEAR
ICICI BANK
HDFC BANK
2011
19.83
19.91
2012
19.27
18.61
2013
20.77
19.15
2014
22.20
20.54
2015
22.76
21.09
IFIM COLLEGE
Page 68
Analysis
The above table shows Net profit margin of a both banks of last five financial years. Both banks
net profit margin are growing in increasing trend. ICICI bank net profit margin in the financial
year 2010-2011 was 19.83 and it rose to 22.76 in financial year 2014-2015.In same time HDFC
raised from 19.91 to 21.09.
Graph 4.8:
COMPARATIVE NET PROFIT MARGIN
25
19.91
19.83
20
19.27
18.61
20.77
19.54
22.2
20.54
22.76
21.09
15
ICICI
HDFC
10
0
2011
IFIM COLLEGE
2012
2013
2014
Page 69
2015
Chart showing net profit margin for different financial year
Interpretation
From the above table it can be concluded that net profit margin of the both company showing a
fair increase in every financial year. ICICI is having slightly higher net profit margin than HDFC
bank. ICICI had 22.76 as compared 21.09 in the financial year 2014-2015. Other than that there
is very slight difference between both banks.
RETURN ON NET WORTH

This ratio helps us to determine the return on Net Worth. It is the ratio that expresses the
relationship between net profit and the net worth of the concern. The ratio serves the purpose of
measuring the productivity of equity of the firm and it is a satisfactory measure of the
profitability of the enterprise from the point of view of all the shareholders.
Table 4.11:
TABLES SHOWING THE COMPARATIVE RETURN ON NET WORTH
YEAR
ICICI BANK
HDFC BANK
2011
9.35
15.60
2012
10.70
17.36
2013
12.48
18.74
IFIM COLLEGE
Page 70
2014
13.40
19.79
2015
13.89
16.92

Analysis:
The above table shows the return on net worth of the both the banks over a period of five
financial years. ICICI net worth increased from 9.35% to 13.89% in five years. In case of HDFC
bank its net worth increased from 15.60% to 16.92%.
Graph 4.9:
COMPARATIVE RETURN ON NET WORTH
20
17.36
15.6
18
18.74
19.79
16.92
16
14
12
10
9.35
10.7
12.48
13.4
13.89
ICICI
HDFC
6
4
2
0
2011
IFIM COLLEGE
HDFC
2012
2013
2014
Page 71
ICICI
2015
Chart showing return on net worth for different financial year.
Interpretation
From the above graph it can be concluded that HDFC bank is performing better than ICICI bank
in this region. In all the five financial year it has maintained its lead over the icici bank. In the
financial year 2014-2015 HDFC had 16.92 as compared to 13.89 of ICICI bank.
RETURN ON LONG TERM FUNDS

This ratio helps us to estimate the return on long term funds
Table 4.12:
TABLES SHOWING THE COMPARATIVE RETURN ON LONG TERM FUNDS.
YEAR
ICICI BANK
HDFC BANK
2011
43.05
65.9
2012
52.33
95.22
2013
56.37
100.51
2014
56.92
101.78
2015
57.03
84.14

IFIM COLLEGE
Page 72
Analysis:
The above table shows the return on net worth of the both the banks over a period of five
financial years. ICICI return on long term funds increased from 43.05% to 57.03% in five years.
In case of HDFC bank it increased from 65.9% to 84.14%.
Graph 4.10:
COMPARATIVE RETURN ON LONG TERM FUNDS
IFIM COLLEGE
Page 73
120
95.22
100
101.78
100.51
84.14
80
65.9
60
52.33
56.92
56.37
57.03
ICICI
HDFC
43.05
40
20
0
2011
2012
2013
2014
2015
Chart showing return on long term funds for different financial year.
Interpretation
From the above graph it can be concluded that HDFC bank is performing way better than ICICI
bank for the past five years. In the financial year 2013-2014 hdfc had 101.78% as compared
56.92% of ICICI bank in the same financial year. In the financial year 2014-2015 HDFC had
84.14 % as compared 57.03% of ICICI bank in the same financial year.
C. LEVERAGE RATIOS
DEBT/EQUITY
This ratio helps us to estimate the Debt/Equity

IFIM COLLEGE
Page 74
Table 4.13:
TABLE SHOWING THE COMPARATIVE DEBT-EQUITY RATIO
YEAR
ICICI BANK
HDFC BANK
2011
0.09
0.12
2012
0.08
0.06
2013
0.07
0.05
2014
0.07
0.07
2015
0.07
0.06

Analysis:
The above table shows the debt-equity ratio of both the banks of five financial years. ICICI bank
is stable for past three years. Hdfc bank is more or less the same in past few years. It is fixed on
0.07 for the last three financial years whereas ICICI bank is increasing 0.01 in every financial
year.
Graph 4.11:
COMPARATIVE DEBT-EQUITY RATIO
IFIM COLLEGE
Page 75
0.12
0.12
0.1
0.09
0.08
0.08
0.07
0.070.07
0.06
0.06
0.07
0.06
ICICI
0.05
HDFC
0.04
0.02
0
2011
2012
2013
2014
2015
Chart showing Debt-equity ratio for different financial year.
Interpretation
From the above graph it can be concluded that HDFC bank and ICICI bank are very close to
each other. There is just a minor difference between both banks. In financial year 2013-2014 both
banks are having 0.07 debt-equity ratio.in financial year 2014-2015 ICICI had 0.07 as compared
to 0.06 of HDFC bank in the same financial year.
IFIM COLLEGE
Page 76
FIXED ASSETS TURNOVER RATIO
This ratio helps us to estimate the Fixed Assets turnover Ratio. This indicates the ratio of the firm
in utilizing its fixed assets. A higher ratio indicates greater efficiency while a lower ratio
indicates lesser efficiency. However, if the firms assets are old and have depreciated
substantially in value , the denominator would be low, giving a high fixed assets turnover ratio.
The fixed assets turnover ratio measures the sales per rupee of investment in fixed assets.
Net sales refer to gross sale less excise duty. Fixed assets refers to net assets i.e., Fixed assets less
depreciation.
The formula is :
Net Sales
Net Fixed Assets
The Fixed Assets turnover ratio is generally expressed as a rate.
IFIM COLLEGE
Page 77
Table 4.14:
TABLES SHOWING THE COMPARATIVE FIXED ASSET TURNOVER RATIO
YEAR
ICICI BANK
HDFC BANK
2011
0.07
0.08
2012
0.08
0.09
2013
0.08
0.10
2014
0.08
0.09
2015
0.08
0.09
Analysis:
The above table shows the fixed asset turnover ratio of both the banks of five financial years.
ICICI bank is having same ratio in last four financial years. HDFC bank has hardly changed in
these years. ICICI is fixed at 0.08% for last four years. HDFC bank is fixed at 0.09% for last two
financial years.
IFIM COLLEGE
Page 78
Graph 4.12:
COMPARATIVE FIXED ASSET TURNOVER RATIO
0.1
0.1
0.09
0.08
0.09
0.08
0.08
0.09
0.08
0.08
0.09
0.08
0.07
0.07
0.06
ICICI
0.05
HDFC
0.04
0.03
0.02
0.01
0
2011
2012
2013
2014
2015
Chart showing fixed asset turnover ratio for different financial year.
Interpretation
From the above graph it can be concluded that HDFC bank is slightly higher than ICICI bank.
Both banks are keeping steady rate. ICICI is fixed at 0.08% and HDFC is fixed at 0.09% for last
two financial years.
IFIM COLLEGE
Page 79
CURRENT RATIO
The current ratio is the standard measures of any business financial health. It will tell you
whether your business is able to meet its current obligations by measuring if it has enough assets
to cover its liabilities. The standard current ratio for a healthy business is two; meanwhile it has
twice as many as liabilities.
The current ratio should be a part of your business basic financial planning meaning it should
be tracked regularly. By keeping a close eye on this figure, you will recognize if it begins to get
out of line. This will allow you to take early action to prevent your business from ending up in a
difficult position
Therefore the formula for calculating current ratio is
Current ratio =
Current Assets
Current Liabilities
The thumb rule for current ratio is 2:1 for all the firms.
IFIM COLLEGE
Page 80
Table 4.15:
TABLES SHOWING THE CURRENT RATIO
YEAR
ICICI BANK
HDFC BANK
2011
0.07
0.06
2012
0.07
0.08
2013
0.09
0.06
2014
0.09
0.06
2015
0.06
0.04
Analysis:
The above table shows the Current ratio of both banks. Both banks current ratio has fallen down
from last financial year. Except this both banks have a steady rate of Current ratio. But both
banks are nowhere near the thumb rule of current ratio.
IFIM COLLEGE
Page 81
Graph 4.13:
COMPARATIVE CURRENT RATIO
0.09
0.09
0.08
0.07
0.09
0.08
0.07
0.07
0.06
0.06
0.06
0.06
0.06
0.05
0.04
ICICI
HDFC
0.04
0.03
0.02
0.01
0
2011
2012
2013
2014
2015
Chart showing Current ratio for different financial year.
Interpretation
From the above graph it can be concluded that ICICI bank is slightly higher than HDFC bank. In
the last financial year both banks ratio have suffered. Both banks should work to achieve the
thumb rule of current ratio.
IFIM COLLEGE
Page 82
QUICK RATIO
Like the current ratio, the quick ratio (also sometimes called the acid test ratio) measures a
business liquidity. However, many financial planners considered it a tough measure than the
current ratio because it excludes inventories when counting assets. It calculates a business level
of liquidity, which corresponds to its financial health.
This is an important tool, especially for that business that can tie up a lot of assets in inventories.
By tracking it monthly, you can keep an eye out for negative trends that could hamper your
business ability to meet its obligations. You can also use the quick ratio to evaluates the financial
health of potential customers, since it also indicates whether a business can pay off its debts
quickly. A firm with a low quick ratio may be more likely to delay quickly. A firm with a low
quick ratio may be more likely to delay payments because its assets are tied up elsewhere.
The formula is:

Quick Ratio: Current Assets(Less Inventories)
Current liabilities
IFIM COLLEGE
Page 83
Table 4.16:
TABLES SHOWING THE QUICK RATIO
YEAR
ICICI BANK
HDFC BANK
2011
15.86
6.89
2012
16.71
6.20
2013
10.53
7.84
2014
11.31
8.55
2015
13.81
12.69
Analysis:
The above table shows the current ratio of both banks. Both banks current ratio are growing at a
steady pace. Hdfc has seen a sharp rise in last year from 8.55 to 12.69. But ICICI has managed to
hang in the increasing trend.
IFIM COLLEGE
Page 84
Graph 4.14:
COMPARATIVE QUICK RATIO
18
16.71
15.86
16
13.81
12.69
14
12
10
8
11.31
10.53
6.89
8.55
7.84
ICICI
HDFC
6.2
6
4
2
0
2011
2012
2013
2014
2015
Chart showing Quick ratio for different financial year.
Interpretation
From the above graph it can be concluded that ICICI bank is having better quick ratio than
HDFC bank. Both banks ratio are growing at steady pace.
INVENTORY TURNOVER RATIO

This ratio tells us how a business inventory turns over during the course of the year. Because
inventories are the least liquid form of assets, a high inventory ratio is generally positive.
If your business has significant assets tied up in inventory, tracking your turnover is critical to
successful financial planning. If the inventory is turning too slowly, it could indicates that it may
IFIM COLLEGE
Page 85
be hampering your cash flow, because this ratio judges annual inventory turns, it is usually
conducted once a year.
The formula is
Inventory Turnover Ratio:
Cost of Sales
Average Inventory
Average Inventory=
(Opening stock + Closing stock)

2
Table 4.17:
TABLES SHOWING THE INVENTORY TURNOVER RATIO
YEAR
ICICI BANK
HDFC BANK
2011
9.77
4.45
2012
1.16
6.99
2013
0.38
8.51
2014
5.79
5.05
2015
2.43
5.13

Analysis :
The above table shows the Inventory turnover ratio of both banks. Both banks Inventory turnover
ratio are growing at a steady pace.
IFIM COLLEGE
Page 86
Graph 4.15:
COMPARATIVE INVENTORY TURNOVER RATIO
9.77
10
8.51
9
8
6.99
5.79
6
5
5.05
5.13
4.45
ICICI
HDFC
4
2.43
3
2
1.16
0.38
1
0
2011
2012
2013
2014
2015
Chart showing Inventory turnover ratio for different financial year.
Interpretation
From the above graph it can be concluded that ICICI bank is having better Inventory turnover
ratio than HDFC bank. Both banks ratio are growing in increasing trend. HDFC bank has more
Inventory turnover ratio than that of ICICI bank for major part of five years. In the financial year
2014-2015 the difference is almost 2% between the both banks.
IFIM COLLEGE
Page 87
DIVIDEND PAYOUT RATIO

Dividend payout ratio expresses the dividend paid by the company to its preference shareholders
It is calculated as
Dividend Payout Ratio:
Dividend paid to ordinary shareholder

No. of ordinary shares
Table 4.18:
TABLES SHOWING THE DIVIDEND PAY OUT RATIO
YEAR
ICICI BANK
HDFC BANK
2011
14.00
17.35
2012
16.5
17.67
2013
20.00
17.74
2014
23.00
17.90
2015
5.00
18.44
Analysis:
The above table shows the Dividend payout ratio of both banks in the last five financial years.
HDFC bank DPS is growing at a increasing rate. ICICI dps reduced sharply in the last financial
year from Rs.23 to Rs.5.But HDFC has increased from 17.90 to 18.44 in the same time.
IFIM COLLEGE
Page 88
Graph 4.16:
COMPARATIVE DIVIDEND PAY OUT RATIO
18.9
2015
5
17.9
2014
23
17.74
2013
ICICI
20
HDFC
17.67
16.5
2012
17.35
2011
14
0
10
15
20
25
Chart showing dividend payout ratio for different financial year.
Interpretation
From the above graph it can be concluded that ICICI bank was giving better dividend to their
shareholders than HDFC bank till the financial year 2013-2014. In the financial year 2014-2015
HDFC gave their shareholders Rs.23 whereas ICICI bank given only Rs.5.It shows that retained
dividend for the expansion purpose.
IFIM COLLEGE
Page 89
EARNING RETENTION RATIO
Table 4.19:
TABLES SHOWING THE EARNING RETENTION RATIO
YEAR
ICICI BANK
HDFC BANK
2011
95.04
90.21
2012
93.92
90.08
2013
93.16
89.58
2014
92.65
89.14
2015
92.98
88.39
Analysis:
The above table shows the earning retention ratio of both banks. Both banks have reduced their
earnings retention ratio in constant basis. This is done to help in their expansion and growth of
their firms. ICICI has reduced earnings retention ratio from 95.04 to 92.98 in last five financial
years. HDFC bank has reduced earnings retention ratio from 90.21 to 88.39 in same time.
IFIM COLLEGE
Page 90
Graph 4.17:
COMPARATIVE EARNINGS RETENTION RATIO
96
95.04
93.92
94
92.98
92.65
92.98
92
90.21
90.08
90
89.58
ICICI
89.14
88.39
HDFC
88
86
84
2011
2012
2013
2014
2015
Chart showing earning retention for different financial year.
Interpretation
From the above graph it can be concluded that ICICI bank is having higher earnings retention
ratio than HDFC bank. This also means that ICICI BANK IS emphasizing on its growth and
expansion of its firm.as compared to HDFC bank. HDFC bank is having higher earnings
retention ratio which means it is keeping its motive serve its shareholders better.
IFIM COLLEGE
Page 91
FINDINGS
The net profit of both banks are growing at a good rate every financial year.
The net profit of ICICI bank is more than HDFC bank in all last five financial years.
Earnings per share of both banks have come down in the last financial year.
There is a neck to neck fight in the earning per share in both banks. But HDFC is slightly
having an edge over ICICI bank in terms of consistency of giving of EPS to shareholders.
Dividend per share of HDFC bank is growing at increasing rate; ICICI saw a sharp
decrease in last financial year.
The operating profit per share of both banks are seeing a lot of inconsistency in last five
financial year.
Except the 2014-2015 financial year ICICI bank was having better than HDFC bank.
The net operating profit per share of ICICI bank has fallen down in the last financial year,
in case of HDFC bank it is growing from strength to strength.

The net profit margin of both banks are growing at steady rates
ICICI bank is having slightly higher net profit margin than HDFC bank.
The fixed asset turnover ratio of HDFC bank is higher than that of ICICI bank
The current ratio of both banks are very stable in last five years. ICICI bank is having
more value than HDFC bank.

Quick ratio of ICICI bank is not stable in the last five years, HDFC bank is growing at
good rate.
SUGGESTIONS
Both banks should provide a wider product range across a small number of basic
products, thereby leveraging development and other costs for a presumably greater profit.
IFIM COLLEGE
Page 92
Both banks should also avoid future cost by enabling a reconfiguration of production to
different products, in the event of changing in demand.
Both banks should also try to enter new markets that are different in their preference for
variants. This will help the company to tap a larger share of the market and this will
improve its profitability.
ICICI bank should also work for market outside the domestic market to expand the
volumes. This can expand the platform vertically and horizontally (through different
geographies).
ICICI bank should also try to expand its margins through higher utilization levels and by
lowering interest expense. This will help the company in increasing the earning per share
with a huge growth rate. Thus it needs to maximize for shareholders.
Both banks should pay decent dividend to its shareholder. This will therefore increase the
dividend yield and attract investors.
HDFC bank should try to reduce its costs and increase the gross profit margin.
One more important factor determines the profitability of the company is the net profit
margin. Both banks should maintain a good profit margin to earn a good profits.
The return on net worth serves the purpose of measuring the productivity of the firm and
it is a satisfactory measure of the profitability of the enterprise from the point of view of
all the shareholders. Both banks should try to reduce its expense and interest, which will
thus improve its return on net worth.
A low debt/equity ratio for both the banks is positives quality which might help the
companies in taking bigger business risks in the future.
IFIM COLLEGE
Page 93
HDFC bank should try to improve its return on long term funds by trying to employ
lesser capital on fixed assets curb the dilution of earnings.
The companies should try to improve their profitability to increase their financial charges
coverage ratio.
CONCLUSION
IFIM COLLEGE
Page 94
The study was conducted to know the financial efficiency of both banks. After the study it can be
concluded that no bank is perfect in the every field of its operations. In some field ICICI is
having an edge over the HDFC. While in other HDFC is leading over the ICICI. If we talk about
the profits ICICI is showing a remarkable growth in this area as compared to HDFC. And if we
talk about the satisfying the shareholder of the company, HDFC is right on the money they are
consistently giving good dividends to their shareholders as compared to ICICI. Earnings per
share of the HDFC bank is better than that of ICICI bank. Net profit margin plays an important
role in one company in this ICICI is slightly higher than HDFC. Current ratio determines the
efficiency of one bank, in this both banks are nowhere near to thumb rule that is 2:1. ICICI is
just slightly higher than that of HDFC bank. Dividend payout ratio determines the company
decision over its growth and expansion strategy in the future. ICICI low dividend payout ratio
explains that they are focusing on their expansion, while HDFC is more emphasizing on keeping
shareholders happy. ICICI is having higher earnings retention than the HDFC .
In short we can say that ICICI is having a better performance than HDFC in the majority of the
heads compared in the research. ICICI shows better growth in the last five financial years than
that of HDFC bank in the same duration
PROFIT AND LOSS ACCOUNT OF ICICI BANK

Mar '15
IFIM COLLEGE
Mar '14
Page 95
Mar '13
Mar '12
Mar '11

INCOME
Interest Earned
Other Income
Total Income
EXPENDITURE
Interest expended
Employee Cost
Selling, Admin & Misc. Expenses
Depreciation
Operating Expenses
Total Expenses
Extraordinary Items
Total
Preference Dividend
Equity Dividend
Equity Dividend (%)
Book Value (Rs.)
APPROPRIATIONS
Gov.
Total
49,091.14
12,176.13
61,267.27
30,051.53
4,749.88
14,631.56
658.95
0
11,495.83
8,544.56
50,091.92
44,178.15
10,427.87
54,606.02
27,702.59
4,220.11
12,296.88
575.97
0
10,308.86
6,784.10
44,795.55
40,075.60
8,345.70
48,421.30
26,209.18
3,893.29
9,503.20
490.16
0
9,012.89
4,873.76
40,095.83
33,542.65
7,502.76
41,045.41
22,808.50
3,515.28
7,731.85
524.53
0
7,850.44
3,921.22
34,580.16
25,974.05
6,647.89
32,621.94
16,957.15
2,816.93
7,134.05
562.44
0
6,617.25
3,896.17
27,470.57
11,175.35 9,810.48 8,325.47 6,465.26

0
0
0
0
13,318.59 9,902.29 7,054.23 5,018.18
24,493.94 19,712.77 15,379.70 11,483.44
0
0
0
0
2,898.81 2,656.28 2,307.23 1,902.04
271.15
231.25
292.16
220.35
5,151.38
0
3,464.38
8,615.76
0
1,612.58
202.28
19.28
250
138.72
84.95
230
633.92
72.17
200
578.21
56.09
165
524.01
44.73
140
478.31
4,062.57
0
3,169.96
3,506.65
0
2,887.53
2,878.03
0
2,599.39
2,306.49
0.33
2,122.39
1,782.45
0.26
1,814.86
17,261.42 13,318.59 9,902.29 7,054.23

24,493.95 19,712.77 15,379.71 11,483.44
5,018.18
8,615.75
BALANCE SHEET OF ICICI BANK

From 2010-2015
IFIM COLLEGE
Page 96

Total Share Capital
Reserves
Net Worth
Deposits
Borrowings
Total Debt
Other Liabilities &
Provisions
Total Liabilities
Assets
at Call
Advances
Investments
Gross Block
Net Block
Other Assets
Total Assets
Book Value (Rs)
Mar '15
12 months
Mar '14
12 months
Mar '13
12 months
Mar '12
12 months
Mar '11
12 months
1,159.66
1,159.66
7.44
0
79,262.26
80,429.36
361,562.7
172,417.3
533,980.0
31,719.86
1,155.04
1,155.04
6.57
0
72,051.71
73,213.32
331,913.6
154,759.0
486,672.7
34,755.55
1,153.64
1,153.64
4.48
0
65,547.84
66,705.96
292,613.6
145,341.4
437,955.1
32,133.60
1,152.77
1,152.77
2.39
0
59,250.09
60,405.25
255,499.9
140,164.9
395,664.8
17,576.98
1,151.82
1,151.82
0.29
0
53,938.82
55,090.93
225,602.1
109,554.2
335,156.3
15,986.35
646,129.3
594,641.5
536,794.6
473,647.1
406,233.6
25,652.91
16,651.71
21,821.83
19,707.77
19,052.73
22,364.79
20,461.29
15,768.02
20,906.97
13,183.11
387,522.0
186,580.0
4,725.52
0
0
4,725.52
0
24,997.05
646,129.2
338,702.6
177,021.8
4,678.14
0
0
4,678.14
0
32,709.39
594,641.6
290,249.4
171,393.6
4,647.06
0
0
4,647.06
0
29,087.07
536,794.6
253,727.6
159,560.0
4,614.69
0
0
4,614.69
0
19,515.39
473,647.0
216,365.9
134,685.9
4,744.26
0
0
4,744.26
0
16,347.47
406,233.6
868,190.5
0
138.72
794,965.3
0
633.92
802,383.8
0
578.21
923,037.1
0
524.01
931,651.6
0
478.31
PROFIT AND LOSS ACCOUNT OF HDFC BANK

IFIM COLLEGE
Page 97
From 2010-2015
Mar '15
Mar '14
Mar '13
Mar '12
Mar '11
INCOME
Interest Earned
48,469.90
Other Income
Total Income
8,996.35
57,466.25
EXPENDITURE
Interest expended
27,286.3
5
5,243.69
32,530.0
4
19,928.21
9,385.08
3,965.38
11,320.41
14,989.5
8
3,399.91
8,430.96
651.67
0
11,236.12
542.52
0
8,590.07
497.41
0
7,152.91
4,701.34
35,191.21
3,783.32
27,362.9
7
3,798.97
20,336.96
10,215.92 8,478.38 6,726.28 5,167.09

0
0
0
0
14,654.15 11,132.18 8,399.65 6,174.24
24,870.07 19,610.5 15,125.93 11,341.33
6
0
0
0
0
2,005.20 1,643.35 1,309.08 1,009.08
408.21
279.29
222.48
163.7
3,926.40
0
4,532.79
8,459.19
26,074.24
Employee Cost
4,750.96
Selling, Admin & misc. Expenses 15,768.85
Depreciation
Operating Expenses
656.3
0
13,987.55

Total Expenses
7,188.56
47,250.35

Extraordinary Items
Total
Preference Dividend
Equity Dividend
Equity Dividend (%)
Book Value (Rs)
APPROPRIATIONS
Gov.
IFIM COLLEGE
41,135.5
3
7,919.64
49,055.1
7
35,064.87
22,652.9
0
4,178.98
13,073.3
1
671.61
0
12,042.2
0
5,881.70
40,576.8
0
19,253.75
6,852.62
41,917.49
4,335.15
24,263.36
2,836.04
7,618.43
0
767.62
124.53
40.76
400
247.39
35.34
342.5
181.23
28.27
275
152.2
22.02
215
127.52
84.4
165
545.46
2,807.28
1,021.59
2,413.41
2,185.93
847.84
1,922.64
1,789.56
672.63
1,531.56
1,252.20
516.71
1,172.78
1,000.16
392.64
892.15
18,627.79
14,654.1
11,132.18
8,399.65
6,174.24
Page 98
Total
24,870.07
5
19,610.5
6
15,125.93 11,341.34
8,459.19
BALANCE SHEET OF HDFC BANK

Total Share Capital
Reserves
Net Worth
Deposits
Borrowings
Total Debt
Other Liabilities &
Provisions
Total Liabilities
Assets
at Call
Advances
Investments
Gross Block
Net Block
Other Assets
IFIM COLLEGE
Mar '15
12 months
Mar '14
12 months
Mar '13
12 months
Mar '12
12 months
Mar '11
12 months
501.3
501.3
0
0
61,508.12
62,009.42
450,795.6
4
45,213.56
496,009.2
0
32,484.46
479.81
479.81
0
0
42,998.82
43,478.63
367,337.48
475.88
475.88
0
0
35,738.26
36,214.14
296,246.98
465.23
465.23
2.91
0
24,911.13
25,379.27
208,586.41
39,438.99
406,776.47
33,006.60
329,253.58
41,344.40
34,864.17
469.34
469.34
0.3
0
29,455.04
29,924.68
246,706.4
5
23,846.51
270,552.9
6
37,431.87
590,503.0
8
491,599.50
400,331.89
337,909.5
1
277,352.60
27,510.45
8,821.00
25,345.63
14,238.01
14,627.40
12,652.77
14,991.09
5,946.63
25,100.82
4,568.02
365,495.0
3
166,459.9
5
3,121.73
0
0
3,121.73
0
19,094.91
303,000.27
239,720.64
159,982.67
120,951.07
111,613.60
195,420.0
3
97,482.91
2,939.92
0
0
2,939.92
0
25,124.60
2,703.08
0
0
2,703.08
0
19,014.41
2,347.19
0
0
2,347.19
0
21,721.64
2,170.65
0
0
2,170.65
0
14,601.08
Page 99
14,394.06
222,980.47
28,992.86
70,929.37
Total Assets
590,503.0
7
491,599.50
400,331.90
337,909.4
9
277,352.61
997,538.8
8
0
247.39
744,097.98
746,226.39
588,550.98
0
181.23
0
152.2
883,985.3
2
0
127.52

Book Value (Rs)
0
545.46
BIBLIOGRAPHY
A. BOOKS
S.M.Shukla ,Financial accounting, Kalyani Publishers, 2014
R. Murthy ,Management accounting, Himalaya Publishers,2014
Dr. S.N. Maheshwari, Elements Of Financial
2014.
B. NEWSPAPERS
Economics Times
Business Standard
C. MAGAZINES
Business World
Capital Market
Dalal Street
Outlook Money
IFIM COLLEGE
Page 100
Management, Himalaya publishers,
D. WEBSITES
www.indiainfoline.com
www.myiris.com1
www.capitalmarket.com
www.moneycontrol.com
IFIM COLLEGE
Page 101

Comparision Icici HDFC

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A COMPARATIVE STUDY ON FINANCIAL EFFICIENCY OF ICICI AND HDFC BANK

- Banking Companies (Regulation) Act, 1949

ORIGIN OF THE WORD BANK:-

A COMPARATIVE STUDY ON FINANCIAL EFFICIENCY OF ICICI AND HDFC BANK

BANKING SYSTEM IN INDIA

HISTORY OF BANKING IN INDIA

A COMPARATIVE STUDY ON FINANCIAL EFFICIENCY OF ICICI AND HDFC BANK

A COMPARATIVE STUDY ON FINANCIAL EFFICIENCY OF ICICI AND HDFC BANK

A COMPARATIVE STUDY ON FINANCIAL EFFICIENCY OF ICICI AND HDFC BANK

A COMPARATIVE STUDY ON FINANCIAL EFFICIENCY OF ICICI AND HDFC BANK

A COMPARATIVE STUDY ON FINANCIAL EFFICIENCY OF ICICI AND HDFC BANK

BANKING STRUCTURE IN INDIA

Scheduled Commercial Banks

Public Sector Banks

Private Sector Banks

SBI And Its

(2) Scheduled Cooperative Banks

Scheduled Urban Cooperative Banks

Scheduled State Cooperative Banks

Public Sector Bank

A COMPARATIVE STUDY ON FINANCIAL EFFICIENCY OF ICICI AND HDFC BANK

SBI & its Associates

State Bank of India

State Bank of Hyderabad

State Bank of Mysore

State Bank of Patiala

State Bank of Travancore

State Bank of Bikaner And Jaipur

(State Bank of Saurastra merged with

Private Sector Banks

A COMPARATIVE STUDY ON FINANCIAL EFFICIENCY OF ICICI AND HDFC BANK

A COMPARATIVE STUDY ON FINANCIAL EFFICIENCY OF ICICI AND HDFC BANK

Old Private Sector Banks

Bank of Rajasthan Ltd.

Catholic Syrian Bank Ltd.

Federal Bank Ltd.

Karur Vysya Bank Ltd.

New Private Sector Banks

Tamilnad Mercantile Bank

FOREIGN BANKS IN INDIA

Bank of Punjab Ltd. (since merged

A COMPARATIVE STUDY ON FINANCIAL EFFICIENCY OF ICICI AND HDFC BANK

ABN AMRO Bank N.V.

HSBC (Hong Kong &

Shanghai Banking Corporation)

JPMorgan Chase Bank

American Express Bank

Krung Thai Bank

Antwerp Diamond Bank

Arab Bangladesh Bank

Mizuho Corporate Bank

Oman International Bank

Standard Chartered Bank

State Bank of Mauritius

Bank of Bahrain & Kuwait

Bank of Nova Scotia

Bank of Tokyo Mitsubishi

China Trust Commercial

A COMPARATIVE STUDY ON FINANCIAL EFFICIENCY OF ICICI AND HDFC BANK

Cooperative banks in India

A COMPARATIVE STUDY ON FINANCIAL EFFICIENCY OF ICICI AND HDFC BANK

A COMPARATIVE STUDY ON FINANCIAL EFFICIENCY OF ICICI AND HDFC BANK

FACT FILES OF BANKS IN INDIA