PROJECT REPORT

ON

ROLE OF NATIONALISED BANKS IN GROWTH OF ECONOMY

Submitted to

MAHARISHI DAYANAND UNIVERSITY, ROHTAK

For

The partial fulfillment of the award of degree of

BECHELOUR OF BUSINESS ADMINISTRATION

(IIFSB)- INDUSTRIAL INTEGRATED FINANCIAL SERVICES & BANKING)

SESSION-(2016-2019)

SUBMITTED BY:-

TANVI CHAUHAN

BBA (IIFSB) 5th SEM

ROLL NO: - 6027275

Satyug Darshan Institute of Engineering and Technology

 DECLARATION

I, TANVI hereby declare that this training report is the record of authentic work carried out by me during
the period from; SEPTEMBER 2018 to NOVEMBER, 2018 has not been submitted to any other University or
Institute for the award of any degree.

(Signature)
Tanvi
Date:
 BONAFIDE CERTIFICATE

This is to certify that Ms. Tanvi chauhan Of Satyug Darshan Institute of Engineering and Technology has
successfully completed the project work title Role of nationalized bank in growth of economy in partial
fulfillment of requirement for the completion of Bachelor in Business Administration (BBA IIFSB) course as
prescribed by the Maharishi Dayanand University, Rohtak, and (HARYANA).

This project report is the record of authentic work carried out by her during the period. She has worked
under my guidance.

(Signature)

Dr. Vinita aggarwal

Assistant Professor, BBA Department

 ACKNOWLEDGEMENT

The present work is an effort to throw some light on for “Role of nationalized banks in
growth of economy”. The work would not have been possible to come to the present shape
without the able guidance, supervision and help to me by number of people.

With deep sense of gratitude I acknowledge the encouragement and guidance received by
my organizational guide and other staff member.

I convey my heartful affection to all those people who helped and supported me during the
course, for completion of my Project Report.

Tanvi
 CONTENT OF TABLE

S.NO. PARTICULARS PAGE NO.

1. INTRODUCTION

2. INDUSTRY PROFILE

3. LITERATURE REVIEW

4. RESEARCH METHODOLOGY

 Objectives

 Design

 Types

 Limitation

 Data Collection

5. DATA ANALYSIS & INTERPRETATION

6. CONCLUSION, FINDINGS & SUGGESTIONS

7. BIBLIOGRAPHY

8. ANNEXURE
 PREFACE

There is no doubt, that class room study is quite important for gaining theoretical
knowledge, but practical is also important of students who wants to equip themselves with
the real life of corporate environment in any field of studies. It is also true in Management
studies.

Project work is conducted as an integral part of the Management Courses. It provides an

opportunity to apply the theoretically knowledge in practice. Hence, it gives an excellent
opportunity to a student to apply his capability, ability, intellect, knowledge, brief reasoning
and mettle by giving a solution to the assigned problem, which reflects his caliber.
 CHAPTER – 1

INTRODUCTION
Economic growth is the increase in the inflation-adjusted market value of the goods and
services produced by an economy over time. It is conventionally measured as the percent
rate of increase in real gross domestic product, or real GDP.
Growth is usually calculated in real terms - i.e., inflation-adjusted terms – to eliminate the
distorting effect of inflation on the price of goods produced. Measurement of economic
growth uses national income accounting. Since economic growth is measured as the annual
percent change of gross domestic product (GDP), it has all the advantages and drawbacks of
that measure. The economic growth rates of nations are commonly compared using the
ratio of the GDP to population or per-capita income.

The "rate of economic growth" refers to the geometric annual rate of growth in GDP
between the first and the last year over a period of time. This growth rate is the trend in the
average level of GDP over the period, which ignores the fluctuations in the GDP around this
trend.

An increase in economic growth caused by more efficient use of inputs (increased

productivity of labor, physical capital, energy or materials) is referred to as intensive growth.
GDP growth caused only by increases in the amount of inputs available for use (increased
population, new territory) is called extensive growth.

Role of Financial Institutions and Banks in Economic

Development:

1. The financial sector plays a vital role in the economic development of any country. It
links savings and investments and therefore, promotes economic growth, which is
enhanced because a more efficient and well-structured financial sector helps to
mobilise more savings and increase productive investment that leads to economic
growth.

2. Finance also plays a crucial role in any economy as companies must take invested
funds to support the following production of goods and services. Also governments
often borrow to finance short-term and long-term shortfalls between expenditures
 and revenues. Households equally borrow from the financial sector to fund large
purchases that exceed their existing incomes.

3. While self-finance through savings is an option for companies and families, however,
the services provided by these financial sector firms through the provision of
vehicles and instruments for these savings, investment, lending and borrowing
actions are generally superior to self-finance through accumulated savings.

4. In developing countries, the roles of capital and the financial sector is even more
crucial. This is because the citizenry and government hope that their economies will
grow rapidly, so as to generate significantly higher per capita incomes and standards
of conduct. King and Levine, (1993) notes that an efficient financial sector i.e. one
that encourages savings, marshals those savings effectively, and allocates them to
the investments that will produce larges increases in future products and services
can be an pivotal part of strategy to achieve rapid economic growth.

5. To underscore the importance of the financial sector development the economy and
partly address perceived shortcomings of the sector in providing financial services,
governments has internationally intervened extensively in the operations of the
financial services sector (World Bank, 1989).

6. Such interventions have included: government ownership of banks, insurance

companies and other financial intermediaries; government limitations on the
applicant by domestic and foreign enterprises into the financial services sector;
government designation of sectors to which banks should lend; government
regulation of interest rates; government strictures as to the forms and types of
financial instruments that can be offered and government taxation of different
instruments, transactions and income flows related to financial services.
7. The financial sector of an wealth encompasses firms such as banks, insurance
companies, pension funds, stock brokerage firms that provide these and other
financial services for the rest of the economy. However, this paper is exclusively
concerned with the banking sector.

8. An effective and efficient financial sector can improve the allocation of resources
within an economy by improving the mobilization of resources from financial units
with surplus funds and facilitating the transfer of those resources from actual savers
to those economic units with an investment or use demands that are in excess of
their own savings thus, creating wealth in the economy. The importance of this
process can not be underestimated because through this process, the resources of
an economy are better utilized, leading to a higher level of real income. As noted by
Zahid (1995) the effective functioning of the financial sector leads to a higher
average returns on investment resulting in higher savings rate, yielding more
liquidity to the financial sector which they can contribute to profitable investments,
which ultimately will increase the success rate of the economy.

9. Ideally, the banking sector develops to serve as an efficient intermediary between

depositors and investors, generating market-clearing prices and interests rates. Such
a situation has practical implications for saving and growth. According to Bencivenga
and Smith (1991) the beneficial activities of banks are accepting deposits, lending
thus eliminating the need for self financing.
10. Bank activities include two significant implications for savings and investment
providing liquidity; banks allow risk-averse savers to hold bank deposits rather than
pure (but unproductive) assets. Of particular importance is that banks can
economise on liquid reserve holdings that do not contribute to capital accumulation.
Also by eliminating self-financed capital investment, banks prevent the unnecessary
liquidation of such investment by entrepreneurs who think that they need liquidity.

11. There is a considerable theoretical and empirical study that establishes a link
between banking sector development and economic growth. This is because the
 nature of the banking system is infinite and widely spread where there are recent
changes in banking regulations, services and instruments. The impact of these
changes spread over the borders of one small regional economy to international and
global economy.

12. In reality, many developing countries have not developed their financial systems and
these have not been a priority and therefore not placed at the top of their
development and growth agendas, unlike in developed economies it is recognised to
be of significant importance to their economies and as such regards the financial
system as the heart of the system because it harmonises economic activities and the
efficient allocation of resources.

13. A wide range of empirical evidence supports the view that banking development can
directly affect economic development and growth and lower income inequality
(Jallian and Kirkpatrick, 2001; Westley, 2001). This is in agreement with the
observation of the World Bank (2001) that there is a possibility of a casual
relationship between an effectively- functioning banking system, macro-economic
stability, poverty reduction and economic growth.

14. Comparative research on the link between the banking system and economic growth
shows that firms located in economies with well-developed banking sector and stock
markets, have grown faster than those in economies with similar systems but which
are less developed (Demirguc-Kunt and Maksimovic, 1996; Levine and Zervous, 1996
and Rajan and Zingales, 1996).

15. It can be said that financial development has a dual impact on economic growth. On
the one hand, the development of domestic financial markets may improve the
effectiveness of capital accumulation and on the other hand, financial
intermediation can contribute to rise in the savings rates investment. This approach
was emphasized by Goldsmith (1969), who also finds some positive correlation
 between financial development and the level of real per capital GNP. He attributes
this relationship to the positive impact that financial development has in
encouraging more efficient use of the capital stock.

16. This was further corroborated by Greenwood and Jovanovic (1990) who showed that
there is a positive two-way causal relationship between economic growth and
financial development, pointing out that the process of growth stimulates higher
participation in financial markets thereby facilitating the creation and expansion of
financial institutions. While on the other hand financial institutions, by collecting and
analyzing data from various potential investors, allow investment projects to be
undertaken more efficiently hence stimulates investment and growth.

17. Banking sector development can also be measured by the margin between lending
and deposit interest rates and by the percentage of non-performing loans in the
economy. This is because both are significantly and negatively related to economic
growth as non-performing loans describe the quantity and quality of information
that the banking sector has collected and analysed which in turn affects its lending to
investors.
 CHAPTER – 2

INDUSTRY PROFILE
Bank nationalization

Bank Nationalization is the process by which the government of India takes over full or
majority stake/control on the bank and makes it a government bank. The nationalization of
banks in India started in 1955 with the takeover the Reverse Bank of India and major move
done under the PrimeMinister Indira Gandhi. The reasoning behind nationalizing thebanks
were to break the ownership and control of banks that werefamily owned; to stop the
concentration of wealth and economicpower and to increase saving to all citizens in the
country and toanswer the needs of the priority sectors.There are many nationalized banks
in India

List of Nationalised Banks in India and Their Head offices

Year of Head Offices of Indian Nationalized

S.No. Bank Name
Nationalisation Banks

1 Allahabad Bank 1969 The Chairman

Allahabad Bank
Head Office, 2, Netaji Subhas Road
Calcutta-700 001.

2 Andhra Bank 1980 The Chairman

Andhra Bank,
Andhra Bank Building Sultan Bazar,
P.B.No.161
Hyderabad-500 001.
3 Bank of Baroda 1969 The Chairman
Bank of Baroda,
Baroda Corporate Centre, C-26, G-
Block, Bandra-Kurla Complex,
Bandra (East), Mumbai-400 051.

4 Bank of India 1969 The Chairman

Bank of India,
Head Office Express Towers, Nariman
Point
Mumbai-400 021.

5 Bank of 1969 The Chairman

Maharashtra Bank of Maharashtra,
Lok Mangal 1501, Shivaji Nagar, Post
Box No.919
Pune-411 005.

6 Canara Bank 1969 The Chairman

Canara Bank,
112, Jayachamarajendra Road Post
Box No.6648
Bangalore-560 002.

7 Central Bank of 1969 The Chairman

India Central Bank of India,
Central Office Chander Mukhi,
Nariman Point
Mumbai-400 021.
8 Corporation Bank 1980 The Chairman
Corporation Bank,
Bharath Building G.H.S. Road, Post
Box No.88
Mangalore-575 001.

9 Dena Bank 1969 The Chairman

Dena Corporate Centre
C-10 G Block Bandra Kurla Complex
Bandra East
Mumbai 400 051.

10 Indian Bank 1969 The Chairman

Indian Bank
Building P.B.No.1384, 31, Rajaji Road
Chennai-600 001.

11 Indian Overseas 1969 The Chairman

Bank Indian Overseas Bank,
Central Office 762, Anna Salai,
P.B.No.3765
Chennai-600 002.

12 Oriental Bank of 1980 The Chairman

Commerce Oriental Bank of Commerce
E-Block, Connaught Place, P.B.No.329
New Delhi-110 001.

13 Punjab & Sind 1969 The Chairman

Bank Punjab & Sind Bank,
Bank House 4th floor, 21, Rajendra
 Place
New Delhi-110 008.

14 Punjab National 1969 The Chairman

Bank Punjab National Bank
7, Bhikaji Cama Place, Africa Avenue
New Delhi-110 066.

15 Syndicate Bank 1969 The Chairman

Syndicate Bank
Post Box No.1, Manipal-576 119
Karnataka State.

16 UCO Bank 1969 The Chairman

UCO Bank,
Head Office 10, Biplabi Trailokya
Maharaj, Sarani
Calcutta-700 001.

17 Union Bank of 1980 The Chairman

India Union Bank of India,
Union Bank Building Central Office,
239, Backbay Reclamation Post Box
No.93A,
Nariman Point,
Mumbai-400 021.

18 United Bank of 1969 The Chairman

India United Bank of India
16, Old Court House Street
 Calcutta-700 001.

19 Vijaya Bank 1980 The Chairman

Vijaya Bank
, Administrative Office Janardhan
Towers No.2, Residency Road
Bangalore-560 025.

Punjab national bank

Punjab National Bank (PNB) is an Indian multinational banking and financial services
company. It is a state-owned corporation based in New Delhi, India. The bank was founded
in 1894. As of 31 March 2017, the bank has over 80 million customers, 6,937 branches
(7,000 as on 2nd Oct, 2018) and 10681 ATMs across 764 cities.

In February 2018, PNB was part of India’s biggest ever fraud in which two junior officers at a
single branch had illegally steered $1.77 billion in fraudulent loans to companies, most of
them controlled by billionaire jeweller Nirav Modi. Based on the data available with Reserve
Bank of India, among state run banks in India, PNB topped in the number of loan fraud cases
across India with 389 cases totaling Rs 65.62 billion over the last five financial years.

PNB has a banking subsidiary in the UK (PNB International Bank, with seven branches in the
UK), as well as branches in Hong Kong, Kowloon, Dubai, and Kabul. It has representative
offices in Almaty (Kazakhstan), Dubai (United Arab Emirates), Shanghai (China), Oslo
(Norway), and Sydney (Australia). In Bhutan it owns 51% of Druk PNB Bank, which has five
branches. In Nepal PNB owns 20% of Everest Bank Limited, which has 50 branches. Lastly,
PNB owns 84% of JSC (SB) PNB Bank in Kazakhstan, which has four branches

Type Public
Traded as BSE: 532461
NSE: PNB
CNX Nifty Constituent

Industry Banking, Financial

services

Founded 19 May 1894; 124 years

ago

Founder Dyal Singh Majithia, Lala

Lajpat Rai

Headquarters New Delhi

Key people Sunil Mehta

(MD & CEO)
Agyey Kumar Azad
(Executive Director)

Products Credit cards, consumer

banking, corporate
banking, finance and
insurance, investment
banking, mortgage
loans, private banking,
private equity, wealth
management

Revenue ₹47,424.35 crore

(US$6.6 billion)(2016)]

Operating ₹12,216 crore

income (US$1.7 billion) (2016)
 Net income ₹-3,974.39 crore
(US$−550 million) (2016)

Total assets ₹667,390.45 crore

(US$93 billion) (2016)

Owner Government of India

Number of 70,801 (March 2016)

employees

Capital ratio 11.28% (2016)

Website www.pnbindia.in

History

Punjab National Bank was registered on 19 May 1894 under the Indian Companies Act, with
its office in Anarkali Bazaar, Lahore, in present-day Pakistan. The founding board was drawn
from different parts of India professing different faiths and of varying back-ground with, the
common objective of creating a truly national bank that would further the economic
interest of the country. PNB's founders included several leaders of the Swadeshi movement
such as Dyal Singh Majithia and Lala Harkishen Lal, Lala Lalchand, Kali Prosanna Roy, E. C.
Jessawala, Prabhu Dayal, Bakshi Jaishi Ram, and Lala Dholan Dass. Lala Lajpat Rai was
actively associated with the management of the Bank in its early years. The board first met
on 23 May 1894. The bank opened for business on 12 April 1895 in Lahore.

PNB has the distinction of being the first Indian bank to have been started solely with Indian
capital that has survived to the present. (The first entirely Indian bank, Oudh Commercial
Bank, was established in 1881 in Faizabad, but failed in 1958.)

PNB has had the privilege of maintaining accounts of national leaders such as Mahatma
Gandhi, Jawahar Lal Nehru, Lal Bahadur Shastri, Indira Gandhi, as well as the account of the
famous Jalianwala Bagh Committee.
Employees

As on 31 March 2015, the bank had 68,290 employees. As of 31 March 2013, it also had 919
employees with disabilities on the same date (1.45%). The average age of bank employees
on the same date was 46 years. The bank reported business of INR 11.65 crores per
employee and net profit of INR 8.06 lakhs per employee during the FY 2012-13.The
Company incurred INR 5,751 crores towards employee benefit expenses during the same
financial year.

Awards and recognitions

 Punjab National Bank was ranked #717 in the Forbes Global 2000 in May 2013
 Punjab National Bank was ranked #26 in the Fortune India 500 ranking of 2011.
 PNB was awarded the 'Best Public Sector Bank' by CNBC TV18 in 2012.
 The bank was recognised as the 'most socially responsive bank' by Businessworld and
PwC in 2012.
 In 2011, it received Golden Peacock Award for "Excellence in Corporate Social
Responsibility" and "National Training Award".

 State bank of India

State Bank of India (SBI) is an Indian multinational, public sector banking and financial
services company. It is a government-owned corporation headquartered in Mumbai,
Maharashtra. The company is ranked 216th on the Fortune Global 500 list of the world's
biggest corporations as of 2017. It is the largest bank in India with a 23% market share in
assets, besides a share of one-fourth of the total loan and deposits market

The bank descends from the Bank of Calcutta, founded in 1806, via the Imperial Bank of
India, making it the oldest commercial bank in the Indian subcontinent. The Bank of Madras
merged into the other two "presidency banks" in British India, the Bank of Calcutta and the
Bank of Bombay, to form the Imperial Bank of India, which in turn became the State Bank of
India in 1955.] The Government of India took control of the Imperial Bank of India in 1955,
with Reserve Bank of India (India's central bank) taking a 60% stake, renaming it the State
Bank of India. In 2008, the government took over the stake held by the Reserve Bank of
India.

State Bank Bhavan at Nariman

Point in Mumbai

Type Public

Traded as  NSE: SBIN

 BSE: 500112
 LSE: SBID
 BSE SENSEX
Constituent
 CNX Nifty
 Constituent
Industry Banking,
financial
services

Founded  2 June 1806,

Bank of
Calcutta
 27 January
1921, Imperial
Bank of India
 1 July 1955,
State Bank of
India
 2 June 1956,
nationalization
Headquarters Mumbai,
Maharashtra

Area served Worldwide

Key people Rajnish Kumar

(Chairman)

Revenue ₹210,979
crore
(US$29 billion)
(2017)

Operating ₹50,848 crore

income (US$7.1 billion)
 (2017)

Net income ₹10,484 crore

(US$1.5 billion)
(2017)

Total assets ₹3,445,121

crore
(US$480 billion)
(2017)

Total equity ₹2.171 trillion

(US$30 billion)
(2016)

Owner Government of
India (61.23%)

Number of 278,872 (2017)

employees

Website sbi.co.in

History

The roots of the State Bank of India lie in the first decade of the 19th century when the Bank
of Calcutta later renamed the Bank of Bengal, was established on 2 June 1806. The Bank of
Bengal was one of three Presidency banks, the other two being the Bank of Bombay
(incorporated on 15 April 1840) and the Bank of Madras (incorporated on 1 July 1843). All
three Presidency banks were incorporated as joint stock companies and were the result of
royal charters. These three banks received the exclusive right to issue paper currency till
1861 when, with the Paper Currency Act, the right was taken over by the Government of
India. The Presidency banks amalgamated on 27 January 1921, and the re-organised banking
entity took as its name Imperial Bank of India. The Imperial Bank of India remained a joint
stock company but without Government participation.

Pursuant to the provisions of the State Bank of India Act of 1955, the Reserve Bank of India,
which is India's central bank, acquired a controlling interest in the Imperial Bank of India. On
1 July 1955, the Imperial Bank of India became the State Bank of India. In 2008, the
Government of India acquired the Reserve Bank of India's stake in SBI so as to remove any
conflict of interest because the RBI is the country's banking regulatory authority.

In 1959, the government passed the State Bank of India (Subsidiary Banks) Act. This made
SBI subsidiaries of eight that had belonged to princely states prior to their nationalization
and operational takeover between September 1959 and October 1960, which made eight
state banks associates of SBI. This une with the first Five Year Plan, which prioritised the
development of rural India. The government integrated these banks into the State Bank of
India system to expand its rural outreach. In 1963 SBI merged State Bank of Jaipur (est.
1943) and State Bank of Bikaner (est.1944).

SBI has acquired local banks in rescues. The first was the Bank of Bihar (est. 1911), which SBI
acquired in 1969, together with its 28 branches. The next year SBI acquired National Bank of
Lahore (est. 1942), which had 24 branches. Five years later, in 1975, SBI acquired
Krishnaram Baldeo Bank, which had been established in 1916 in Gwalior State, under the
patronage of Maharaja Madho Rao Scindia. The bank had been the Dukan Pichadi, a small
moneylender, owned by the Maharaja. The new bank's first manager was Jall N. Broacha, a
Parsi. In 1985, SBI acquired the Bank of Cochin in Kerala, which had 120 branches. SBI was
the acquirer as its affiliate, the State Bank of Travancore, already had an extensive network
in Kerala.

There has been a proposal to merge all the associate banks into SBI to create a single very
large bank and streamline operations.

The first step towards unification occurred on 13 August 2008 when State Bank of
Saurashtra merged with SBI, reducing the number of associate state banks from seven to
six. On 19 June 2009, the SBI board approved the absorption of State Bank of Indore. SBI
holds 98.3% in State Bank of Indore. (Individuals who held the shares prior to its takeover by
the government hold the balance of 1.7 %.)
Employees

SBI is one of the largest employers in the country with 209,567 employees as on 31 March
2017, out of which there were 23% female employees and 3,179 (1.5%) employees with
disabilities. On the same date, SBI had 37,875 Scheduled Castes (18%), 17,069 Scheduled
Tribes (8.1%) and 39,709 Other Backward Classes (18.9%) employees. The percentage of
Officers, Associates and Sub-staff was 38.6%, 44.3% and 16.9% respectively on the same
date. Around 13,000 employees have joined the Bank in FY 2016-17. Each employee
contributed a net profit of ₹511,000 (US$7,100) during FY 2016-17.

Recent awards and recognition

 SBI was ranked 232nd in the Fortune Global 500 rankings of the world's biggest
corporations for the year 2016.
 SBI was 50th most trusted brand in India as per the Brand Trust Report 2013, an annual
study conducted by Trust Research Advisory, a brand analytics company and
subsequently, in the Brand Trust Report 2014, SBI finished as India's 19th most trusted
brand in India.

What are Private sectors banks?

The private sector banks in India are banks where the majority of the shares or equity is not
held by the government but by private share holders.

In 1969 all major banks were nationalised by the Indian government. However, since a
change in government policy in the 1990s, old and new private sector banks have re-
emerged. The private sector banks are split into two groups by financial regulators in India,
old and new. The old private sector banks existed prior to nationalisation in 1968 and kept
their independence because they were either too small or specialist to be included in
nationalisation. The new private sector banks are those that have gained their banking
license since the change of policy in the 1990
  First is ICICI Bank

ICICI Bank Limited (Industrial Credit and Investment Corporation of India) is an Indian
multinational banking and financial services company headquartered in Mumbai,
Maharashtra. In 2014, it was the second largest bank in India in terms of assets and third in
term of market capitalisation. It offers a wide range of banking products and financial
services for corporate and retail customers through a variety of delivery channels and
specialised subsidiaries in the areas of investment banking, life, non-life insurance, venture
capital and asset management. The bank currently has a network of 4867 branches and
14417 ATMs across India and has a presence in 19 countries including India.
ICICI Bank is one of the Big Four banks of India which is also considered in the industry as
too big to fail. 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
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.

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 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 rumours of an adverse financial position of ICICI Bank. The Reserve
Bank of India issued a clarification on the financial strength of ICICI Bank to dispel the
rumours.

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:

 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.
 In 1987, ICICI Ltd along with UTI set up CRISIL as India's first professional credit rating
agency.
 NCDEX was set up in 2003, by ICICI Bank Ltd, LIC, NABARD, NSE, Canara Bank, CRISIL,
Goldman Sachs, Indian Farmers Fertiliser Cooperative Limited (IFFCO) and Punjab
National Bank.
 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 underbanked population of the country. Using technologies like smart cards,
biometrics and a basket of support services, FINO enables financial institutions to
conceptualise, develop and operationalise projects to support sector initiatives in
microfinance and livelihoods.
 Entrepreneurship Development Institute of India (EDII) 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 as a national resource organisation committed to
entrepreneurship development, education, training and research.
 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.
 Following the enactment of the Securitisation Act in 2002, ICICI Bank, together with
other institutions, set up Asset Reconstruction Company India Limited (ARCIL) in 2003.
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 maximisation of recovery.
 ICICI Bank has 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.
  Second bank is HDFC

HDFC Bank Limited is an Indian banking and financial services company headquartered in
Mumbai, Maharashtra. It has 88,253 permanent employees as on 31 March 2018 and has a
presence in Bahrain, Hong Kong and Dubai.[7] HDFC Bank is India’s largest private sector
lender by assets. It is the largest bank in India by market capitalization as of February 2016.
It was ranked 69th in 2016 BrandZ Top 100 Most Valuable Global Brands.

Type Public

Traded as BSE: 500180

NSE: HDFCBANK
NYSE: HDB
BSE SENSEX
Constituent
CNX Nifty Constituent

Industry Banking, financial

services

Founded August 1994

Headquarters Mumbai, Maharashtra,

India

Area served India

Key people Aditya Puri (MD)

Products Credit cards, consumer

 banking, corporate
banking, finance and
insurance, investment
banking, mortgage
loans, private banking,
private equity, wealth
management

Revenue ₹81,602 crore

(US$11 billion) (2017)

Operating ₹25,732 crore

income (US$3.6 billion) (2017)

Net income ₹14,550 crore

(US$2.0 billion) (2017)

Total assets ₹863,840 crore

(US$120 billion) (2017)

Number of 84,325 (March 2017)

employees

Website HDFCBank.com

HISTORY

In 1994 HDFC Bank was incorporated, with its registered office in Mumbai, India. Its first
corporate office and a full service branch at Sandoz House, Worli were inaugurated by the
then Union Finance Minister, Manmohan Singh.

As of October 9, 2018, the bank's distributions network was at 4,805 branches and 12,260
ATMs across 2,657 cities and towns. The bank also installed 4.30 Lacs POS terminals and
issued 235.7 Lacs debit cards and 85.4 Lacs credit card in FY 2017.
Products and services

HDFC Bank provides a number of products and services including wholesale banking, retail
banking, treasury, auto loans, two wheeler loans, personal loans, loans against property,
consumer durable loan, lifestyle loan and credit cards.Along with this various digital
products are Payzapp and Chillr.

Acquisitions

HDFC Bank merged with Times Bank in February 2000. This was the first merger of two
private banks in the New Generation private sector banks category.In 2008, Centurion Bank
was acquired by HDFC Bank. HDFC Bank Board approved the acquisition of CBoP for 95.1
billion INR in one of the largest mergers in the financial sector in India.
 CHAPTER – 3

REVIEW OF LITERATURE
Nationalization of Banks

Considering this basic objective in mind the government decided to nationalize the banks in
an attempt to monitor and exercise some control over the banking sector. The motives for
nationalization are both political and economic. It is the process whereby the means of
production, distribution and exchange are owned by the state on behalf of the people or
working class to allow rational allocation of output, consolidation of resources, rational
planning or control of the economy. This enables the government to exercise full democratic
control over the means thereby ensuring effective means of distribution of output to benefit
the public at large.

The nationalization of banks in India was primarily done for two reasons. First, the partition
of India in 1947 adversely affected the banking activities especially in Punjab and West
Bengal. The laissez faire regime was brought to an end and the government started to play
an active role in the reconstruction of the economy especially banking and finance.
Secondly, the government believed that the ownership of the Bank by the sovereign will
give new confidence to the customers and that it would dispel the suspicions existing in the
minds of the people with regards to the capabilities of the bankers in the private sector.

In the year 1948, the Reserve Bank of India, India’s central banking authority was
nationalized and it became an institution owned by the government of India. In a further
attempt to control the banking activities the government enacted the Banking Regulation
Act, which authorized the RBI to regulate, control and inspect the banks in India. The act
provided that no bank could be opened without the sanction of RBI and that no two banks
can have the same directors.

Role of banks in growth of economy

Banking sector development can also be measured by the margin between lending and
deposit interest rates and by the percentage of non-performing loans in the economy. This
is because both are significantly and negatively related to economic growth as non-
performing loans describe the quantity and quality of information that the banking sector
has collected and analysed which in turn affects its lending to investors.
Financial sector development may be an essential prerequisite for economic growth, since
well-functioning markets and financial institutions may reduce the transaction costs and
asymmetric information problems. At the same time, financial institutions play an
increasingly pivotal role in identifying investment opportunities, selecting the most
profitable projects, mobilizing savings, facilitating trading and the diversification of risk, as
well as improving corporate governance mechanisms.

As such, Barro (1991), for 98 countries in the period 1960-1985, concludes that the growth
rate of real per capita GDP is positively related to initial human capital (proxied by 1960
school-enrollment rates).In 1995, he further concludes that for a country to grow
adequately, human capital in the form of education and health is an important element. He
emphasises that the faster a country grows, the greater its current level of human capital
development, since physical capital expands rapidly to match a high endowment of human
capital. Also, the country is better equipped to acquire and adapt the efficient technologies
that have been developed in the leading countries.

Sach and Warner (1997) also noted that a rapid increase in human capital development
would result in rapid transitional growth. Gallup et al. (1998) further note that a well
developed labour force, in terms of better education and health, is likely to be able to
produce more from a given resource base, than less-skilled workers

Becsi and Wang (1997) found that the underdevelopment of the banking sector negatively
impacts upon population and growth, whereas efficient banking sectors positively affect
economic growth through the efficient allocation of resources to the most productive users.
In addition they revealed that restricting the deposit rate and increasing reserve
requirements, reduce growth rates. Similarly, Levine (1997) supports the argument of a
positive association between financial sector development and economic growth, arguing
that the development of financial institutions and markets is an essential part of the growth
process and not “an inconsequential side show responding passively to economic growth
and industrialisation (p.689).
The World Bank (2001) cited empirical studies, which strongly suggested that
improvements in financial arrangements precede and contribute to economic performance.
For example, King and Levine (1993a) showed that the level of financial development in
1960 was a significant determinant of economic growth. Other recent studies have tried to
determine whether financial development leads to improved economic growth and
performance. For example, Beck et al, (2000) evaluated the long-term impact of the
exogenous component of financial intermediary development on the sources of economic
growth by using cross-country sample with data averaged over a period 1960-1995. They
found that financial intermediaries have a large, positive effect on total factor productivity
growth and that the log-term links between financial development and both physical
investment growth and private saving rates are weak.

Equally, Nidkumana (2002) investigated the links between financial development and
economic development, finding that empirical research on the relationship between
financial development and economic growth in Africa remains limited. However, the existing
evidence suggests that financial development is positively related to the growth rate of real
income and further indicates that financial systems are still relatively under-developed in
the majority of African countries.

Neimke (2003) used a theoretical and empirical approach to explain the dynamic link
between financial development and economic growth in the transition countries. He found
that both the theoretical explanations and the empirical results, point to financial
institutions having significant effects for investment and the development of factor
productivity as the foundation for long-term positive growth. This is particularly true of
Central and Eastern Europe as well as for the former Soviet Union economies that have
inherited widely obsolete capital stock and are thus suffering from sharp declines in their
growth rates.

Beck et al (2004) found that financial development boots the growth of industries that are
naturally composed of small firms, more than large-firm industries. Their work contributes
to the literature on the mechanism through which the financial development boosts
aggregate economic growth. Besides confirming that financial development facilitates
economic growth by boosting the growth of firms that rely on external finance, they show
that financial development fosters economic growth by relieving constraints on small firm
growth.

Fase and Abma (2005) nine emerging economies in South-East Asia finding that financial
development matters for economic growth. The results indicate that improvement of the
banking system in developing countries may benefit economic development and also that
the financial infrastructure is of immense importance for economic welfare.

Analysing the relationship between banking sector development and growth in the short
and long term, Fisman and Love (2004) found that over the long run, banking sector
development supports and promotes economic growth through a deepening of markets and
services that channel savings to productive investment; these positive aspects of banking
development lead to higher economic growth in the long-term.

Nili and Rastad (2006) reported a lower level of financial development for the oil
economies when compared with the rest of the world. The study also shows that the
weakness of financial institutions contributes to the poor performances of economic growth
in oil economies and that this weakness might be associated with the dominant role of
government in total investment and under-developed private sector.
 CHAPTER - 4

RESEARCH METHODOLOGY
Redman and Mory define research as a “systemized effort to gain new knowledge.” Some
people consider research as a movement, a movement from the known to the unknown.
Research is an academic activity and as such the term should be used in a technical sense.

According to Clifford Woody, research comprises defining and redefining problems,

formulating hypothesis or suggested solutions; collecting, organizing and evaluating data;
making deductions and reaching conclusions; and at last carefully testing the conclusions to
determine whether they fit the formulating hypothesis.

Research Methodology is a way to systematically study & solve the research problems.
If research wants to claim his study as a good study. He must clearly state the methodology
adopted in conducting the research so that it may be judged by the reader whether the
methodology of work done is so or not.

OBJECTIVES OF THE STUDY

 To find out the accounts open by SBI, HDFC, ICICI Bank and PNB bank for JAN DHAN
YOJNA.
 To find out how much saving accounts are open by these banks during 2016-18.
 To find out the total revenue of these banks.
 Lending of personal loans by these banks during 2016-2018

RESEARCH DESIGN

The formidable problem that follows the task of defining the research problem is the
preparation of the design of the research project, popularly known as “Research Design”.
Research design is a plan, structure and strategy of investigation conceived to obtain
answers to research questions and to control variance.

A research design can be defined as “Arrangement of condition for collection and analysis of
data in the manner that aims to combine relevance to the research purpose with economy
in procedure” It consists of the blue print for the collection measurement and analysis of
data. The research used here is descriptive research.

Data Collection

The task of data collection begins after a research problem has been defined and research
design chalked out. Collection of data is the first step in any statistical investigation.

Collection of data is a very important function. The success and failure of investigation
mainly depends upon the quality of data. Adequacy and accuracy of data is essential to
arrive at correct conclusion. The person who is collecting statistical data has to observe self-
restraint, confidence, Patience, caution and unbiased attitude while collecting data.

There are two types of data by which analysis can be done. These are as follows:

PRIMARY DATA

SECONDARY DATA

PRIMARY DATA

The primary data does not exist already in records and publications. The researcher must
gather primary data a fresh for a specific survey. The primary data can be gathered by way
of observation method where the research mix with the people concerned with the use of
product and not important clauses by observing the respondents. The second method of
collection of primary data is by way of experimentation method where some variables are
allowed to vary under a controlled environment and its cause and effect relationship is
studied.

The third method of collection of data is by way of conducting a survey. This method is used
for collection of primary data. The primary data was collected from customers in India city.
For this research study, data was collected from various account holders of the CitiFinancial.
Data collection was carried out using personal interview method guided by questionnaire as
follows:
 Open-ended questions

Closed ended questions

Dichotomous questions

Multiple-choice questions

Ranking questions

SECONDARY DATA

It is needed for conducting this research work collected from the various:

Business magazines,

Bank broachers,

Market research books etc.

SAMPLING DESIGN

The precision and accuracy of survey results are affected by the manner in which the sample
has been chosen. The first thing for a sample plan is definition of the population to be
investigated.

Defining the population is often one of the most difficult things to do in sampling. Although
ideal conditions might indicate threat the census would be preferable, such ideal conditions
rarely exist in the real world. A census is not feasible practically, therefore sample is used.

Two of major advantages of using a sample rather than a census are speed and timeliness.
Asurvey based on sample takes much less time to compete than based on census. In this
particular research study sample survey is done. Sample design is the most important heart
of sample planning. Sample design includes type of sample to use and the appropriate
sampling unit.
LIMITATIONS OF THE STUDY

 Secondary data can be general and vague and may not really help companies with
decision making.
 The information and data may not be accurate. The source of the data must always
be checked.
 The sample used to generate the secondary data may be small.l
 The company publishing the data may not be reputable.
 CHAPTER – 5

DATA ANALYZING

&

INTERPRETATION
 1. Jan dhan yojana accounts

Bank name Account number

ICICI BANK 1 lakh
STATE BANKOF INDIA 30 lakh
HDFC 7.86 lakh
PUNJAB NATIONAL BANK 20.24 lakh

35

30

25

20

15

10

0
hdfc sbi pnb icici

INTERPRETATION: - According to the graph, SBI has opened the 50% of the total

account and PNB opened the 40% of the total numbers of accounts. Whereas HDFC and
ICICI contribute only 7.5% and 2.5% respectively.
2. Total number of branches

Banks name Total branches

ICICI BANK 4867 branches
STATE BANK OF INDIA 2400 branches
HDFC 4787 branches
PUNJAB NATIONAL BANK 70000 branches

8000

7000

6000

5000

4000

3000

2000

1000

0
hdfc sbi pnb icici

INTERPRETATION:-

In India, PNB is the bank whose total number of branches is more than six times of the total

branches of SBI, HDFC and ICICI.

 3. Total number of employees

Banks name Total employees

ICICI BANK 83058 employees
STATE BANK OF INDIA 278872 employees
HDFC 84325 employees
PUNJAB NATIONAL BANK 70801 employees

300000

250000

200000

150000

100000

50000

0
sbi hdfc icici pnb

INTERPRETATION:-

The total number of employees in SBI is approximately 2.5 times more than the number of
employees in HDFC, ICICI and PNB.
4. Total saving account

Banks name Saving account

ICICI BANK 19,468,000
STATE BANK OF INDIA 10,800,000
HDFC 14,361,000
PUNJAB NATIONAL BANK 38,500,000

45000000

40000000

35000000

30000000

25000000

20000000

15000000

10000000

5000000

0
sbi icici hdfc pnb

INTERPRETATION:-

The total number of savings accounts opened by the public sector is more than the accounts
opened by private sector banks.
5. Credit distributors (personal loan)

Bank name No. of customers

State bank of india 54,60,000
Hdfc 1,19,67,500
punjab national bank 25,00,0000
ICICI 97,34,000

30000000

25000000

20000000

15000000

10000000

5000000

0
sbi hdfc ICICI pnb

INTERPRETATION:-

By this graph, we can easily calculate that private sector is distributors of personal loans
more than the private sector.
6. Total revenue

Bank name Total revenue

State bank of india 210979 cr.
Punjab national bank 47424.35 cr.
Hdfc 81602 cr.
ICICI 118969 cr.

250000

200000

150000

100000

50000

0
sbi pnb icici hdfc

INTERPRETATION:-As per data, the public sector is gaining more revenue in

comparison of private sector. In public sector, SBI is the one with highest revenue and ICICI
is the one in private sector.
 CHAPTER – 6

CONCLUSION, FINDINGS

&

SUGGESTIONS
Conclusion:

 As per data, the public sector is gaining more revenue in

comparison of private sector.

 The job opportunities in public sector banks are more than the private
sector banks.
 The public sector banks have the highest number of branches around
the country.
 SBI is the one with highest revenue in public sector and the ICICI is the
one with highest revenue in private sector.
Findings:

 More number of the people has a/c with public sector banks.
 Majority of the respondents whether in private sector or in public sector
banks have saving a/c with banks.
 People want a change in the behavior of the staff of the private sector
banks.
 No. of problems found by the people is more in private sector banks.
 People are more satisfied from the private sector banks due to their
better services provided by them in terms of speedy transactions.
 The facility that was availed by most of the people at private sector
banks was that of internet/phone banking by ATM/Debit card.
 Only the public sector has the largest number of branches around the
whole country.
 The job opportunities in public sector banks are increasing day by day.
Suggestions:

 All the banks of public sector banks should be consolidated as soon as

possible in 8-10 big banks to face competition from local and global
banks.
 There should be appropriate recruitment of more officers in the public
sector banks so that the branches, which are really understaffed and
overburdened, become systematically sufficient.
 The bank management should have freedom terminate the inefficient
employees.
 The work of employees of public sector banks should be associated with
the targets i.e. they should be given targets of specific amount or
specific job.
 There should be incentive and penalty mechanism for employees.
 There should not be government intervention and the bank should be
liberated to run on professional basis.
CHAPTER – 7

BIBLIOGRAPHY
Link use :-

 www.google.in

 www.punjabindia.in

 sbi.co.in

 The economic times

ANNEXURE
1. SBI -BALANCESHEET

Particulars Mar'18 Mar'17 Mar'16

Liabilities 12 Months 12 Months 12 Months

Share Capital 892.46 797.35 776.28

Reserves & Surplus 193388.11 155903.06 143498.16

Net Worth 219128.56 188286.06 144274.44

Secured Loan 362142.07 317693.66 224190.59

Unsecured Loan 2706343.29 2044751.39 1730722.44

TOTAL LIABILITIES 3287613.92 2550731.12 2099187.46

Assets

Gross Block 39200.71 42344.99 9819.16

(-) Acc. Depreciation .00 .00 .00

Net Block 39200.71 10759.34 9819.16

Capital Work in Progress 791.54 573.93 570.12

Investments 1060986.72 765989.63 477097.28

Inventories .00 .00 .00

Sundry Debtors .00 .00 .00

Cash and Bank 191898.64 171971.65 167467.66

Loans and Advances 2161874.39 1725086.11 1604108.82

Total Current Assets 2353773.03 1897057.76 1771576.48

Current Liabilities 167138.08 155235.19 159875.57

Provisions .00 .00 .00

Total Current Liabilities 167138.08 155235.19 159875.57

NET CURRENT ASSETS 2186634.95 1741822.57 1611700.90

Misc. Expenses .00 .00 .00

TOTAL ASSETS 3312461.91 2550731.12 2099187.46

State banks of India (SBI) Personal loan

In our day-to-day life, even on special occasions and situation of emergency we require a
good amount of funds to meet our financial needs and liabilities. We generally spend money
on vacation, education, property, vehicles, marriage, and medical emergency as well. There
are situations when we have to arrange hefty amount within shorter duration. To meet the
financial needs in such situations, personal loans play a vital role.

State Bank of India, one of the biggest lenders in the country, offers a range of personal loan
schemes to help you out in times of distress. State Bank of India offers personal loan under
four categories - SBI Pension Loan, SBI Xpress Credit Personal Loan, SBI Saral Personal Loan
and SBI Festive Season Loan. Compare SBI with other Personal loan banks for Interest Rates.

SBI Personal loan details:

Interest rates 12.15% - 15.15%

Processing fees 1% of the Loan amount + GST

Prepayment charges Nil

Repayment options Upto 5 years

Maximum loan amount Rs.15 Lakh

Loan approval time 10 minutes

 2.Punjab national bank – balance sheet

Mar 18 Mar 17 Mar 16

EQUITIES AND LIABILITIES

SHAREHOLDER'S FUNDS

Equity Share Capital 552.11 425.59 392.72

Total Share Capital 552.11 425.59 392.72

Revaluation Reserve 0.00 3,750.53 2,844.78

Reserves and Surplus 40,522.19 37,670.86 35,072.64

Total Reserves and Surplus 40,522.19 41,421.39 37,917.42

Total ShareHolders Funds 41,074.30 41,846.98 38,310.14

Deposits 642,226.19 621,704.02 553,051.13

Borrowings 60,850.75 40,763.34 59,755.24

Other Liabilities and Provisions 21,678.86 16,016.21 16,273.94

Total Capital and Liabilities 765,830.10 720,330.55 667,390.46

ASSETS

Cash and Balances with

28,789.03 25,210.00 26,479.07
Reserve Bank of India

Balances with Banks Money at

66,672.97 63,121.65 47,144.02
Call and Short Notice
Investments 200,305.98 186,725.44 157,845.89

Advances 433,734.72 419,493.15 412,325.80

Fixed Assets 6,349.33 6,273.25 5,222.73

Other Assets 29,978.07 19,507.06 18,372.94

Total Assets 765,830.10 720,330.55 667,390.46

OTHER ADDITIONAL

Number of Branches 0.00 6,938.00 6,760.00

Number of Employees 0.00 73,919.00 70,801.00

Capital Adequacy Ratios (%) 9.00 12.00 11.00

KEY PERFORMANCE

Tier 1 (%) 0.00 9.00 8.00

Tier 2 (%) 0.00 3.00 3.00

ASSETS QUALITY

Gross NPA 86,620.05 55,370.45 55,818.33

Gross NPA (%) 18.00 13.00 13.00

Net NPA 48,684.29 32,702.10 35,422.56

Net NPA (%) 11.00 8.00 9.00

Net NPA To Advances (%) -2.00 8.00 9.00

CONTINGENT LIABILITIES,

Bills for Collection 0.00 25,779.13 55,173.05

Contingent Liabilities 0.00 332,831.33 303,844.06

Punjab national bank (personal loan)

Punjab National Bank, commonly recognized as PNB, is one of India’s well-known public
sector banks. The Bank initiated operations way back in the year 1895 and currently it has
more than 5000 branches and more than 6000 ATMs in various cities serving hue number of
customers. In fact, Punjab National Bank is considered to be the 3 rd largest bank in India
with its wide variety of products and extended network.

PNB Personal Loan Interest Rates

Loans upto Rs.10 lac -For individuals whose salary is being disbursed through our MCLR +
branches only (Including Defence Personnel). 3.55%

*Loans above Rs.5 lacs & upto Rs.10 lac* -For other categories i.e., applicants not
MCLR +
having salary account with our bank irrespective of check off facility. (*Field
4.55%
functionaries are not empowered to sanction these cases.)

Loans upto Rs.5 lac -For individuals who are availing the loan under check off MCLR +
facility (Including Defence Personnel) 5.55%

MCLR +
For others upto Rs.5 lac
6.55%
3. ICICI – balance sheet

Mar '18 Mar '17 Mar '16

Capital and Liabilities:

Total Share Capital 1,285.81 1,165.11 1,163.17

Equity Share Capital 1,285.81 1,165.11 1,163.17

Share Application Money 5.57 6.26 6.70

Reserves 100,864.37 95,737.57 85,748.24

Net Worth 102,155.75 96,908.94 86,918.11

Deposits 560,975.21 490,039.06 421,425.71

Borrowings 182,858.62 147,556.15 174,807.38

Total Debt 743,833.83 637,595.21 596,233.09

Other Liabilities &

30,196.40 34,245.16 34,726.44
Provisions

Total Liabilities 876,185.98 768,749.31 717,877.64

Mar '18 Mar '17 Mar '16

12 mths 12 mths 12 mths

Assets

Cash & Balances with RBI 33,102.38 31,702.41 27,106.09

Balance with Banks, Money

51,067.00 44,010.66 32,762.65
at Call

Advances 512,395.29 464,232.08 435,263.94

Investments 202,994.18 161,506.55 160,411.80

Gross Block 7,903.51 7,805.21 7,576.92

Revaluation Reserves 3,003.19 3,042.14 2,817.47

Net Block 4,900.32 4,763.07 4,759.45

Other Assets 71,726.80 62,534.55 57,573.70

Total Assets 876,185.97 768,749.32 717,877.63

Contingent Liabilities 1,317,832.36 1,053,616.90 922,453.51

Book Value (Rs) 175.38 166.37 149.47

  ICICI BANK (personal loan)

ICICI Bank presents personal loans up to Rs. 20 lakh for your various requirements. All you
need to do is apply online or visit any of our branches, fill up the form and get your loan
approval process started.

Benefits and Features

 Get cash in your account in 3* seconds

 The interest rate will not increase during your loan tenure
 Minimal documentation and hassle-free application makes loan approval and disbursement
a breeze
 Choose your tenure from 12 to 60 months.

Interest Rates

Avail personal loans at attractive interest rates of 11.25% per annum to 17.99% per annum.
All you have to do is fill in a few details here and get to see the eligibility, applicable
personal loan interest rates and your approximate EMI within a few seconds.Keeping your
best interest in mind, we recommend you to go for a personal loan amount that you actually
need and not more than that. This way, repayments will not be a hassle and you can pay
your loans without any delay or late payment fees.
 4. Hdfc – balance sheet

Mar '18 Mar '17 Mar'16

Capital and Liabilities:

Total Share Capital 519.02 512.51 505.64

Equity Share Capital 519.02 512.51 505.64

Reserves 105,775.98 88,949.84 72,172.13

Net Worth 106,295.00 89,462.35 72,677.77

Deposits 788,770.64 643,639.66 546,424.19

Borrowings 123,104.97 74,028.87 53,018.47

Total Debt 911,875.61 717,668.53 599,442.66

Other Liabilities & Provisions 45,763.72 56,709.32 36,725.13

Total Liabilities 1,063,934.33 863,840.20 708,845.56

Mar '18 Mar '17 Mar '16

12 mths 12 mths 12 mths

Assets

Cash & Balances with RBI 104,670.47 37,896.88 30,058.31

Balance with Banks, Money at Call 18,244.61 11,055.22 8,860.53

Advances 658,333.09 554,568.20 464,593.96

Investments 242,200.24 214,463.34 163,885.77

Net Block 3,607.20 3,626.74 3,343.16

Other Assets 36,878.70 42,229.82 38,103.84

Total Assets 1,063,934.31 863,840.20 708,845.57

Contingent Liabilities 918,242.05 848,717.62 876,808.11

Book Value (Rs) 409.60 349.12 287.47

 HDFC (personal loan)

HDFC Bank offers personal loans in India to salaried and self-employed individuals. You can
check your personal eligibility in no time online if you are an existing HDFC Bank account
holder, you can check your eligibility for a pre-approved loan via NetBanking.

The following people are eligible to apply for a Personal Loan:

 Employees of private limited companies, employees from public sector undertakings,

including central, state and local bodies
 Individuals between 21 and 60 years of age
 Individuals who have had a job for at least 2 years, with a minimum of 1 year with the
current employer
 Those who earn a minimum of Rs. 15,000 net income per month (Rs. 20,000 in Mumbai,
Delhi, Bengaluru, Chennai, Hyderabad, Pune, Kolkata, Ahmedabad, Cochin)