HDFC Bank

(Rs crore)

Table 14
1997-98

1998-99

1999-2000

2000-01

2001-02

2002-03

2003-04

2004-05

200

200

257

254

281

282

285

310

85

139

508

669

1,670

1,970

2,409

4,210

2,192

2,915

8,428

11,658

17,654

22,376

30,409

36,354

55

448

1,579

1,433

1,823

2,085

2,308

4,790

Liabilities
Capital
Reserves and surplus
Deposits
Borrowings

Other liabilities and provisions

298

648

885

1,603

2,359

3,712

6,897

5,764

4,350

11,656

15,617

23,787

30,424

42,307

51,429

292

850

986

1,211

2,082

2,542

2,650

Balances with bank and329

money at call 248

768

1,625

2,247

1,087

1,116

1,824

Total

2,830

Assets
Cash and balances with212
RBI
Investments

1,121

1,904

5,748

7,145

12,004

13,388

19,257

19,350

Advances

842

1,401

3,362

4,637

6,814

11,755

17,745

25,566

Fixed assets

110

132

237

290

371

529

617

708

Other assets

215

375

691

934

1,140

1,583

1,031

1,331

2,830

4,350

11,656

15,617

23,787

30,424

42,307

51,429

Demand

673

982

2,780

2,856

4,220

4,951

8,835

10,630

Savings

177

347

1,125

1,903

2,957

4,663

7,804

11,418

Term

1,341

1,587

4,523

6,899

10,476

12,762

13,769

14,305

Total

2,192

2,915

8,428

11,658

17,654

22,376

30,409

36,354

Deposits of branches 2,192

in India

2,915

8,428

11,658

17,654

22,376

30,409

36,354

0
Deposits of branches abroad

2,192

2,915

8,428

11,658

17,654

22,376

30,409

36,354

RBI

124

205

163

97

13

Other banks

98

765

407

920

1,407

1,556

3,291

Total
Deposits

Total
Borrowings

Other institutions and agencies

48
Forex borrowings
Total

205

440

655

806

657

92

510

21

18

660

989

55

448

1,429

1,233

1,823

2,085

2,308

4,790

Other liabilities and provisions

Inter-office adjustments

Bills payable

58

244

372

511

867

851

3,667

1,555

Interest accrued

37

50

105

296

417

688

417

584

Others (including provisions)

103

220

482

796

1,075

2,172

2,813

3,625

Total

198

513

959

1,603

2,359

3,712

6,897

5,764

Balance with RBI

201

276

809

929

1098.32

1,915

2,288

2,297

11

16

41

57

113

167

254

354

Bills purchased and discounted

275

295

571

716

1,325

2,623

3,194

4,656

Cash credit and overdraft

235

503

1,468

1,377

1,738

2,608

3,741

5,536

Term loans

332

603

1,323

2,544

3,751

6,524

10,810

15,374

Total

842

1,401

3,362

4,637

6,814

11,755

17,745

Cash in hand
Advances

25,566
Continued

continued
(Rs crore)

1997-98

1998-99

1999-2000

2000-01

2001-02

2002-03

2003-04

2004-05

535

753

2,958

3,944

6186

9991

15277

19447

Government guarantee 78

122

199

10

51

94

117

137

Unsecured

229

525

205

683

577

1670

2351

5982

Total

842

1,401

3,362

4,637

6,814

11,755

17,745

25,566

Priority sector

126

199

586

668

732

1,422

2,498

5,617

Secured

Public sector

26

12

505

911

852

335

Banks

121

108

169

447

188

22

11

11

Others

588

1,067

2,595

3,017

4,982

9,459

14,900

19,502

Total

842

1,401

3,362

4,637

6,814

11,755

17,745

25,566

842

1,401

3,362

4,637

6,814

11,755

17,745

25,566

Investments outside India 0

868

3,217

3,413

5,295

6,356

11,531

11,227

12

12

12

12

22

147

257

197

145

108

107

90

482

859

1,866

2,578

4,268

4,167

6,930

6,799

45

31

396

944

2,283

2,743

787

1,225

Total

1,121

1,904

5,748

7,145

12,004

13,388

19,363

19,350

Total investments

1,121

1,904

5,748

7,145

12,004

13,388

19,363

19,350

Opening balance

n.a.

n.a.

39

122

147

223

265

336

Additions

n.a.

n.a.

48

40

91

106

139

258

Additions due to amalgmation

n.a.

n.a.

62

Reductions

n.a.

n.a.

27

15

15

64

69

155

Closing balance

n.a.

n.a.

122

147

223

265

336

439

Net NPA-Closing balance

n.a.

n.a.

37

21

34

43

28

61

Interest/Discount on advances/bills
118

143

267

493

624

777

1,109

1,664

Income on investments 104

182

367

636

864

1,113

1,322

1,306

50

46

131

214

120

111

114

Advances outside India

Total

437

Investments
Investments in India
- Government securities
573
- Other approved securities
0
- Shares
- Debentures
- Subsidiaries/JV
- Others

Movement in NPA
Gross NPA

Profit and loss statement

Interest earned

Interest on balances with19

RBI
Others

241

376

680

1,259

1,703

2,014

2,549

3,093

Commission exchange and

30 brokerage 41

83

134

164

236

320

605

Profit on sale of investments

21

15

21

12

104

132

38

-80

Loss on sale of investments

0

-1

Profit on sale of fixed assets

0

-1

Loss on revaluation of investments

0

-2

-11

14

Profit on forex transactions

11

12

21

40

39

45

74

91

Income from investments 0

Lease income

Total
Other income

Miscellaneous income
Total
Total income

27

53

59

21

62

68

125

186

333

466

480

651

303

444

805

1,445

2,036

2,479

3,029

3,745
continued

continued
(Rs crore)

1997-98

1998-99

1999-2000

2000-01

2001-02

2002-03

2003-04

2004-05

Interest expended
Interest on deposits

104

176

287

639

916

1,063

1,038

1,108

Interest on RBI /inter-bank

32

40

65

95

133

103

144

166

Others

13

23

20

25

25

29

42

138

229

374

754

1,074

1,192

1,211

1,316

Total

Operating expenses
Salaries

15

22

49

78

109

152

204

277

Others

37

52

96

178

240

334

480

480

Depreciation

11

15

26

54

69

106

126

144

Total

63

89

171

310

418

592

810

1,085

Provisions and contingencies

39

44

140

172

247

323

498

678

Total expenses including

240 provisions362

685

1,235

1,739

2,106

2,519

3,079

Profit for the year

63

82

120

210

297

373

510

666

126

260

382

545

695

1,008

1,344

51

99

154

Liability for outstanding

3,489
forex contracts
5,471

7,858

8,677

11,985

19,773

39,444

53,398

Profits inclusive of provisions

103
Contingent liabilities
Claims against banks

Liability for partly paid investments

0
Guarantees
- In India

1,024

1,056

1,593

1,741

1,695

1,425

1,642

2,432

423

445

980

2,952

5,303

18,605

38,940

81,767

1,066

956

1,172

944

1,172

1,892

2,793

outside Inida
Liability on
account of
outstanding
derivative
contracts

Acceptances, endorsements
837
Currency Swaps
Others

156

380

245

468

399

535

100

232

5,928

8,422

11,633

15,011

20,328

41,560

82,117

140,777

54

53

86

88

178

176

Provision for depreciation in

1 the value of 1investments 6

13

19

50

93

188
314

Total

Provisions and contingencies

Provision for NPAs

Provision towards income31tax

Others
Total

35

75

105

128

184

210

14

17

39

44

139

172

247

323

498

678

Financial analysis
Growth in deposits (per cent)
Overall

71

33

189

38

51

27

36

20

Demand

65

46

183

48

17

78

20

Savings

158

95

225

69

55

58

67

46

67

18

185

53

52

22

31

34

33

24

24

22

29

29

12

13

16

17

21

26

31

61

54

54

59

59

57

45

Term

Share of deposits (per cent)

Demand
Savings
Term

39
continued

continued
(Rs crore)

1997-98

1998-99

1999-2000

2000-01

2001-02

2002-03

2003-04

2004-05

Financial parameters
Profitability (per cent)
Return on assets

2.7

2.3

1.5

1.5

1.5

1.4

1.4

1.4

Return on equity

23.9

26.4

21.7

24.9

20.7

17.7

20.6

18.5

Gearing (times)

8.9

11.8

14.2

15.9

11.2

12.5

14.7

10.4

Staff costs to operating23.7

expenses

24.8

28.3

25.2

26.1

25.7

25.2

25.5

Non-fund income to total

20.5
income

15.3

15.6

12.8

16.4

18.8

15.9

17.4

Operating expenses to 20.7

total income 20.0

21.3

21.4

20.5

23.9

26.7

29.0

Operating expenses to deposits

2.9

3.0

2.0

2.7

2.4

2.6

2.7

3.0

Earning per share (Rs) 3.2

4.1

4.7

8.3

10.6

13.2

17.9

21.5

41.3

39.8

44.8

43.4

46.0

44.5

44.7

Cost to income ratio (w/o

43.5
profit on invest)
44.4

41.8

45.5

48.7

51.3

45.5

43.3

Cost to income ratio

37.9

Financial management (per cent)

Interest cost

7.22

7.75

5.41

6.38

6.36

5.22

3.93

3.33

Average cost of deposits6.0

6.9

5.1

6.4

6.2

5.3

3.9

3.3

Average cost of borrowings

26.5

21.2

9.3

8.6

10.4

6.6

7.9

5.9

Yield on carry business

12.16

12.32

9.89

10.80

10.29

8.89

7.82

7.04
6.8

Average yield on investments

11.2

12.0

9.6

9.9

9.0

8.8

8.1

Average yield on advances

16.6

12.8

11.2

12.3

10.9

8.4

7.5

7.7

Spreads

4.95

4.57

4.48

4.42

3.93

3.67

3.89

3.72

Operating expenses to 3.08

AFD

2.80

2.35

2.46

2.28

2.34

2.35

2.41

Core fee income to AFD

2.02

1.67

1.43

1.39

1.18

1.22

1.23

1.57

Net Profitability Margin 3.89

3.44

3.56

3.34

2.83

2.54

2.77

2.88

Deposits to borrowings 13.7

(times)

10.2

6.0

7.5

9.6

10.2

12.0

9.4

Capital adequacy

11.9

12.2

11.9

13.9

11.1

11.7

12.7

53.8

44.9

45.4

46.4

49.4

50.5

18.2

18.6

12.7

14.3

18.5

15.0

13.9

Provisions as a percentage
38.4 of profit before
34.7
provisions
Provisions as a percentage
13.8 of networth
12.9
Liquidity (per cent)
Credit-deposit ratio

38

48

40

40

39

53

58

70

Incremental C/D ratio

29

77

36

39

36

105

75

132

Borrowings to total deposits

2

13

15

19

12

10

Investment-deposit ratio 51

65

68

61

68

60

63

53

108

70

43

81

29

73

Reserves as a percentage
30of net worth 41

66

72

86

87

89

93

Cash-deposit ratio
Incemental I/D ratio

43

Growth (per cent)

Advances

46

66

140

38

47

73

51

44

Deposits

71

33

189

38

51

27

36

20

Investments

54

70

202

24

68

12

44

Salaries cost

46

49

120

61

40

39

34

36

Commission and fee

45

34

103

61

23

44

36

89

Interest income

49

56

81

85

35

18

27

21

Others
Branches (nos)

33

Advances per branch 25.51

(Rs crore)

57

111

131

171

231

312

467

24.57

30.29

35.39

39.85

50.89

56.87

54.75

Operating expenses per1.90

branch (Rs crore)
1.56

1.54

2.36

2.44

2.56

2.60

2.32

984

1,992

2,751

3742

4,791

5,673

9,030

0.45

0.40

0.53

0.54

0.52

0.53

0.41

Income/employee expenses
20.39 (times) 20.13

16.59

18.53

18.64

16.32

14.84

Employees (nos)

660

Income per employee (Rs

0.46crore)

13.54
continued

continued
(Rs crore)

1997-98

1998-99

1999-2000

2000-01

2001-02

2002-03

2003-04

2004-05

80

85

84

87

84

81

84

83

Commission, brokerage 10

10

10

11

16

Total income (per cent)

Interest
Forex

Share of advances (per cent)

Priority

15

14

17

14

11

12

14

22

Public

11

13

Inter bank

14

10

Others

70

76

77

65

73

80

84

76

Abroad

Share of advances (per cent)

Bills

33

21

17

15

19

22

18

18

Cash credit

28

36

44

30

26

22

21

22

Term loans

39

43

39

55

55

56

61

60

64

54

88

85

91

85

86

76

27

38

15

14

13

23

Share of advances (per cent)

Secured
Govt guarantee
Unsecured

Share of investments (per cent)

Government securities

51

46

56

48

44

47

60

58

Other approved securities 0

Shares

Debentures

43

45

32

36

36

31

36

35

Subsidiary

Others

13

19

20

1.4

1.3

0.8

0.3

0.5

0.4

0.2

0.2

Net NPAs (per cent)

n.a.: Not available
Source: CRIS INFAC