SlideShare une entreprise Scribd logo
1  sur  40
[- 1 -]
ABSTRACT
Net Interest Margin (NIM) of commercial banks varies from economy to
economy due to variation in country, industry and firms specific factors.
This study aims to assess and identify the determinants of NIM in the Indian
banking industry. It mainly used unbalanced panel data collected from
annual reports commercial banks and the National Bank of India for the
period 2008 to 2017. In addition, expert opinions are obtained from officials
operating in both private and public banks and used to examine the effects
of changes in internal and external factors on the performance of banks.
M.S-Excel has been used for data analysis. In this study, assessment was
made to identify determinants of NIM, which is the ratio of net interest
income to earning assets using panel data. Both qualitative and empirical
technique is used in the study. Both internal and external factors that affect
NIM of commercial banks are considered in the study. Estimation results of
the study revealed that cost efficiency, implicit interest payment,
competition, and scale efficiency have positive and significant effect on NIM.
However, liquidity risk and management efficiency has negative and
significant effect on NIM. On the other hand, credit risk, interest rate risk,
capital risk, inflation and economic growth do not seem to have significant
impact on banks’ performance.
Keywords: Net Interest Margin, Banking Industry, Macroeconomic Variables,
Banking Performance
INTRODUCTION
Finance is an integral part of any financial system and allows businesses to
take advantage of opportunities. Financial institutions are important in
managing and circulating fund within the economy. In doing so, financial
institutions contribute towards economic growth and efficiency of a country
through optimal allocation of resources. They provide platform for
continuous restructuring of the economy through reallocating financial
resources to the fastest growing sectors. For financial institutions to play
their expected role, a well functioning financial system is a must, as a weak
financial system is one of the reasons for many countries to remain poor.
Under developing economies like India where the financial sector is largely
dominated by banks, the effective and efficient functioning of the banking
sector plays significant role in accelerating economic growth. In order to
achieve the goal of efficient allocation of resources, the intermediation role of
banks should be carried out at the lowest possible cost. However, studies
conducted to assess the effect of intermediation cost (interest margin) of
banks in different parts of the world show variations. The main reason
behind this variation associated with both internal and external factors such
as credit risk, liquidity risk, interest rate risk, cost efficiency, management
quality, competition, inflation, GDP growth, etc. and change in any of these
factors leads to change in interest margin and economic growth.
[- 2 -]
The NIM ratio measures the profit a company makes on its investing
activities as a percentage of total investing assets. Banks and other financial
institutions typically use this ratio to analyze their investment decisions and
track the profitability of their lending operations. This way they can adjust
their lending practices to maximize profitability.
Investment firms also use this margin to measure the success of a fund
manager’s investment decision-making. A positive percentage indicates that
the fund manager made good decisions and was able to a profit on his
investments. A negative ratio, on the other hand, means the fund manager
lost money on his investments because the interest expenses exceeded the
investment earnings.
Let’s take a look at how to calculate the net interest margin ratio.
FORMULA
The net interest margin formula is calculated by dividing the difference of
investment income and interest expenses by the average earning assets.
Net Interest Margin = (Investment Income – Interest Expenses) / Average
Earning Assets
Definition:
Net Interest Margin (NIM) is a profitability ratio that measures how well a
company is making investment decisions by comparing the income,
expenses, and debt of these investments. In other words, this ratio
calculates how much money an investment firm or bank is making on its
investing operations. This is similar to the gross margin of a regular
company.
Net interest margin is similar in concept to net interest spread, but the net
interest spread is the nominal average difference between the borrowing and
the lending rates, without compensating for the fact that the earning assets
and the borrowed funds may be different instruments and differ in volume.
[- 3 -]
LITERATURE REVIEW
Dr. Virender Koundal (2012) concludes that commercial banks in India get
favorable effects because of the various reforms. Even though the overall
profitability has also improved, the major benefit is taken by the private
sector banks and foreign banks whereas public sector banks are still lagging
behind on various financial parameters.
Seema Malik (2014) has analyzed the effect of technology on
transformation of banking in India and also studied the benefits and
challenges of changing banking trends. Technology and financial
innovations have led to tremendous improvement in banking services and
operations over the past decade. Survival, growth and profitability of banks
depend upon the organizational effectiveness and operational efficiency in
today's competitive scenario where customers ‘needs are changing everyday
and technology is touching new highs.
Indian Brand Equity Foundation (2015) has studied that Indian banks are
focusing on adopting an integrated approach to risk management. Banks
have already embraced the international banking supervision accord of
Basel II. According to RBI, majority of the banks already meet with the
capital requirements of Basel III, which has a deadline of March 31, 2019.
Most of the banks have put in place the framework for asset-liability match,
credit and derivatives risk management. As per their report, rising incomes
are expected to increase the need for banking services in rural areas which
will positively affect the growth of the banking sector. The RBI has relaxed
its branch licensing policy which emphasized the need to focus on spreading
the reach of banking Services to the un-banked population of India.
Brock et al., (2000): The cost of funding affects the investment potential
and capital allocation of the banks. The increasing cost of intermediation
negatively affects the growth potential of the economy. The increasing
financial intermediation cost affects banks’ profitability and thus, being a
reason for decreasing efficiency of the banking sector as a whole. High
interest margin is also considered ‘negatively’ as it leads to
‘disintermediation.
Research Gap
After the studying above literature following research gap has been
observed, the research on NIM did not happened after Dr.Virender Koundal
(2012) research paper. So, since last 5 years the research on NIM has not
been done.
[- 4 -]
OBJECTIVES OF THE RESEARCH
 To understand NIM.
 To study the profitability of 08 Selected Indian public and private
Sector banks.
 To find out impact of NIM on ROA.
RESEARCH METHODOLOGY
RESEARCH TYPE:
Analytical Research has used for the research. Researcher has to use facts
or information already available, and analyze them to make a critical
evaluation of the material. It involves the in-depth study and evaluation of
available information in attempts to explain complex phenomenon.
SAMPLING METHOD:
Researcher wanted to find out characteristics of a population and the
objective of the study. Hence, Purposive sampling method has used.
Purposive sampling is also known as judgmental, selective, or subjective
sampling.
SELECTION OF SAMPLE:
The Indian Banks were selected for the study. Researcher has undertaken
top 4 public banks and private banks each for the study. While selecting the
banks researcher consider their market capitalization and market shares.
Public
Banks
Market
Shares
Market
Capitalization
Private
Banks
Market
Shares
Market
Capitalization
SBI 23% 221,954.49 Cr AXIS 17.82% 139082.97 Cr
BOM 14.40% 3702.8 Cr KOTAK 30.02% 222,208.14 Cr
BOB 18% 39828.25 Cr HDFC 19% 503,097.17 Cr
BOI 17.70% 19207.62 Cr ICICI 24.88% 184,744.18 Cr
SAMPLE SIZE: 08 Indian Banks (04 Public and 04 private sector Banks)
PUBLIC BANKS- PRIVATE BANKS-
STATE BANK OF INDIA AXIS BANK
BANK OF MAHARASHTRA KOTAK MAHINDRA BANK
BANK OF BARODA HDFC BANK
BANK OF INDIA ICICI BANK
DATA COLLECTION
- Secondary Data
[- 5 -]
Instruments used for data collection-
 Annual Reports of 04 Public and 04 private sector Banks
 Websites- https://www.moneycontrol.com/
PERIOD OF STUDY:
Researcher has undertaken 10 years financial data of selected banks i.e.
2008-2017 for the study.
TOOLS USED FOR DATA ANALYSIS
A research design is a plan according to which observations are made and
data is assembled. The Present study is based on the secondary data and
analytical in nature.
For measuring various phenomena and analyzing the collected data
effectively and efficiently to draw sound conclusions, certain statistical
techniques were used. Trend analysis, graphical analysis and descriptive
statistics like as Mean has been used. Also researcher used the tools like
MS-Excel for analysis purpose.
FORMULA-
Net Interest Margin = (Investment Income – Interest Expenses) / Average
Earning Assets
[- 6 -]
DATA ANALYSIS AND INTERPRITATION
PUBLIC SECTOR BANKS-
STATE BANK OF INDIA
Table No. 01- NIM of State Bank of India
Year
Interest
Income
Interest
Expenses
Net
Interest
Income Total Assets
NIM
% ROA
2017 175,518.24 113,658.50 61,859.74 2,674,380.65 2.31 0.41
2016 163,685.31 106,803.49 56,881.82 2,259,063.05 2.52 0.46
2015 152,397.07 97,381.82 55,015.25 2,048,079.80 2.69 0.76
2014 136,350.80 87,068.63 49,282.17 1,792,234.60 2.75 0.65
2013 119,657.10 75,325.80 44,331.30 1,566,261.03 2.83 0.91
2012 106,521.45 63,230.37 43,291.08 1,335,519.24 3.24 0.88
2011 81,394.36 48,867.96 32,526.40 1,223,736.21 2.66 0.71
2010 70,993.92 47,322.48 23,671.44 1,053,413.74 2.25 0.88
2009 63,788.43 42,915.29 20,873.14 964,432.08 2.16 1.04
2008 48,950.31 31,929.08 17,021.23 721,526.32 2.36 1.01
Mean 2.58
Graph No. 01- NIM of State Bank of India
Interpretation:
From the above Table No. 01 it has been observed that, the NIM averaged
2.58%, highest was 3.24% in the year 2012 and lowest was 2.16% in the
year 2009. It has been seen that decreasing trend of the NIM since 2013 due
to increasing NPA from same period and it’s also resulted on Return on
Asset. The ROA in the year 2016 was 0.46% and it became 0.41% in 2017
because decreasing NPA. The low margin is partly affected by a very low
return on the investment portion of the balance sheet. However, we have
also seen decrease spread on loan and deposit rates over the past five years.
2.31
2.52
2.69 2.75 2.83
3.24
2.66
2.25 2.16
2.36
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
2017 2016 2015 2014 2013 2012 2011 2010 2009 2008
[- 7 -]
BANK OF MAHARASHTRA
Table No. 02- NIM: Bank of Maharashtra
Year
Interest
Income
Interest
Expenses
Net
Interest
Income Total Assets
NIM
% ROA
2017 12,061.96 8,887.27 3,174.69 158,117.52 2.01 -0.86
2016 13,052.99 9,174.29 3,878.70 159,661.55 2.43 0.07
2015 12,665.44 8,790.40 3,875.04 144,640.65 2.68 0.33
2014 11,956.66 8,447.73 3,508.93 135,254.47 2.59 0.3
2013 9,613.43 6,580.08 3,033.35 115,832.53 2.62 0.74
2012 7,213.96 4,696.88 2,517.08 87,642.35 2.87 0.55
2011 5,563.09 3,594.69 1,968.40 75,998.66 2.59 0.47
2010 4,735.56 3,439.31 1,296.25 70,601.22 1.84 --
2009 4,291.56 3,035.03 1,256.53 58,578.17 2.15 --
2008 3,540.58 2,311.79 1,228.79 48,134.79 2.55 --
Mean 2.43
Graph No. 02- NIM: Bank of Maharashtra
Interpretation:
From the Table No. 02 depicts that, the averaged Net Interest Margin of the
Bank of Maharashtra was 2.43%, maximum was 2.87% in the year 2012
and minimum was 1.78% in the year 2010. It has been seen that the NIM
has decreasing since 2013 due to increasing NPA. The NPA of the Bank of
Maharashtra in the year 2013 was 0.52% and in the year 2017 it headed
11.76. The figure roughly translates to near 10% of all loans given. This
means that about 11.76% of loans are never paid back, resulting in
substantial loss of money to the banks.
2.01
2.43
2.68 2.59 2.62
2.87
2.59
1.84
2.15
2.55
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
2017 2016 2015 2014 2013 2012 2011 2010 2009 2008
[- 8 -]
BANK OF INDIA
Table No. 03- NIM: Bank of India
Year
Interest
Income
Interest
Expenses
Net Interest
Income Total Assets
NIM
% ROA
2017 46,063.18 27,464.74 18,598.44 626,309.27 2.97 -0.24
2016 45,449.01 30,071.84 15,377.17 609,913.93 2.52 -0.94
2015 47,662.61 32,086.24 15,576.37 618,697.76 2.52 0.03
2014 42,201.94 27,079.57 15,122.37 573,190.20 2.64 0.51
2013 35,674.97 22,884.93 12,790.04 452,602.72 2.83 0.65
2012 31,801.84 20,167.23 11,634.61 383,299.57 3.04 0.72
2011 24,393.49 13,941.03 10,452.46 349,853.08 2.99 0.82
2010 20,494.63 12,122.04 8,372.59 273,537.84 3.06 --
2009 19,399.22 10,848.45 8,550.77 223,791.46 3.82 --
2008 14,472.15 8,125.95 6,346.20 177,066.90 3.58 --
Mean 3
Graph No. 03- NIM: Bank of India
Interpretation:
Table No. 03 showing that, the average Net Interest Margin of the Bank of
India was 3.00%, highest was 3.82% in the year 2009 and lowest was 2.52%
in the years 2015 & 2016. It’s has been seen that, the NIM of the Bank of
India in the year 2017 has increased (2.97%). It has been observed that, the
Borrowings of the Bank of India were increased 5.13% as compared to last
year (2016) and NPA has also decreased from 7.79 to 6.90.
2.97
2.52 2.52
2.64
2.83
3.04 2.99 3.06
3.82
3.58
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00
4.50
2017 2016 2015 2014 2013 2012 2011 2010 2009 2008
[- 9 -]
BANK OF BARODA
Table No. 04- NIM: Bank of Baroda
Year
Interest
Income
Interest
Expenses
Net Interest
Income Total Assets
NIM
% ROA
2017 42,199.93 28,686.52 13,513.41 694,875.41 1.94 0.2
2016 44,061.28 31,321.43 12,739.85 671,376.48 1.90 -0.78
2015 42,963.56 29,776.32 13,187.24 714,988.55 1.84 0.49
2014 38,939.71 26,974.36 11,965.35 659,504.53 1.81 0.75
2013 35,196.65 23,881.39 11,315.26 547,135.44 2.07 0.9
2012 29,673.72 19,356.71 10,317.01 447,321.46 2.31 1.24
2011 21,885.92 13,083.66 8,802.26 358,397.18 2.46 1.33
2010 16,698.34 10,758.86 5,939.48 278,316.71 2.13 --
2009 15,091.58 9,968.17 5,123.41 227,406.73 2.25 --
2008 11,813.48 7,901.67 3,911.81 179,599.50 2.18 --
Mean 2.09
Graph No. 04- NIM: Bank of Baroda
Interpretation:
From the Table No. 04 it has been observed that, the average Net Interest
Margin of the Bank of Baroda was 2.09%, higher was 2.46% in the year
2011 and lower was 1.81% in the year 2014. It can also be observed that,
NIM was decreasing 2012 to 2014 but it also has increasing since 2015 to
2017. Because, NPA have been decreased from 5.06% (2016) to 4.72% in
2017. And it’s resulted on ROA of the Bank of Baroda. ROA of the Bank of
Baroda in the year 2016 was -0.78% and it has become 0.20% in the year
2017.
1.94 1.90 1.84 1.81
2.07
2.31
2.46
2.13
2.25 2.18
0.00
0.50
1.00
1.50
2.00
2.50
3.00
2017 2016 2015 2014 2013 2012 2011 2010 2009 2008
[- 10 -]
PRIVATE SECTOR BANKS-
AXIS BANK
Table No. 05- NIM: AXIS BANK
Year
Interest
Income
Interest
Expenses
Net
Interest
Income Total Assets
NIM
% ROA
2017 44,542.16 26,449.04 18,093.12 601,467.66 3.01 0.65
2016 40,988.04 24,155.07 16,832.97 525,467.61 3.20 1.72
2015 35,478.60 21,254.46 14,224.14 461,932.39 3.08 1.83
2014 30,641.16 18,689.52 11,951.64 383,244.89 3.12 1.78
2013 27,182.57 17,516.31 9,666.26 340,560.67 2.84 1.7
2012 21,994.65 13,976.90 8,017.75 285,627.80 2.81 1.68
2011 15,154.81 8,591.82 6,562.99 242,713.37 2.70 1.68
2010 11,638.02 6,633.53 5,004.49 180,647.87 2.77 --
2009 10,835.49 7,149.27 3,686.22 147,722.06 2.50 --
2008 7,005.32 4,419.96 2,585.36 109,577.84 2.36 --
Mean 2.84
Graph No. 05- NIM: AXIS BANK
Interpretation:
From the table No. 05 it has been seen that, the average Net Interest Margin
of Axis Bank was 2.84%. Higher was 3.20% in the year 2016 and lower was
2.36% in 2008. It means the NIM of Axis bank has increased till 2016 but,
in 2017 it’s declined by 3.01%, it also resulted in ROA of the bank. The ROA
in the year 2016 was 1.72% and in 2017 it became 0.65%. It has been
observed that, the NPA of Axis Bank has increased in 2017 (0.70 to 2.11).
3.01
3.20
3.08 3.12
2.84 2.81
2.70 2.77
2.50
2.36
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
2017 2016 2015 2014 2013 2012 2011 2010 2009 2008
[- 11 -]
KOTAK MAHINDRA BANK
Table No. 06- NIM: KOTAK MAHINDRA BANK
Year
Interest
Income
Interest
Expenses
Net
Interest
Income Total Assets
NIM
% ROA
2017 17,698.93 9,572.78 8,126.15 214,589.96 3.79 1.73
2016 16,384.18 9,483.81 6,900.37 192,259.79 3.59 1.19
2015 9,719.87 5,496.13 4,223.74 106,012.08 3.98 1.98
2014 8,767.12 5,047.07 3,720.05 87,585.34 4.25 1.8
2013 8,042.49 4,836.82 3,205.67 83,693.68 3.83 1.81
2012 6,180.24 3,667.75 2,512.49 65,666.79 3.83 1.83
2011 4,189.75 2,092.18 2,097.57 50,850.67 4.12 1.77
2010 3,255.62 1,397.48 1,858.14 37,436.31 4.96 --
2009 3,065.14 1,546.60 1,518.54 28,711.88 5.29 --
2008 2,535.36 1,309.56 1,225.80 28,312.36 4.33 --
Mean 4.20
Graph No. 06- NIM: KOTAK MAHINDRA BANK
Interpretation:
Table No. 06 shows that, the average Net Interest Margin of Kotak Mahindra
Bank was 4.20%, maximum was 5.29% in the year 2009 and minimum was
3.59% in the year 2016. It has been seen that the NIM of bank has
fluctuating throughout the years. NIM has increased in 2017 due to
increased in Interest Income by 7.71% in the same year.
3.79
3.59
3.98
4.25
3.83 3.83
4.12
4.96
5.29
4.33
0.00
1.00
2.00
3.00
4.00
5.00
6.00
2017 2016 2015 2014 2013 2012 2011 2010 2009 2008
[- 12 -]
HDFC BANK
Table No. 07- NIM: HDFC BANK
Year
Interest
Income
Interest
Expenses
Net
Interest
Income
Total Assets
NIM
%
ROA
2017 69,305.96 36,166.73 33,139.23 863,840.20 3.84 1.88
2016 60,221.45 32,629.93 27,591.52 708,845.57 3.89 1.92
2015 48,469.90 26,074.24 22,395.66 590,503.07 3.79 2
2014 41,135.53 22,652.90 18,482.63 491,599.50 3.76 2
2013 35,064.87 19,253.75 15,811.12 400,331.90 3.95 1.9
2012 27,286.35 14,989.58 12,296.77 337,909.49 3.64 1.8
2011 19,928.21 9,385.08 10,543.13 277,352.61 3.80 1.6
2010 16,172.90 7,786.30 8,386.60 222,458.56 3.77 --
2009 16,332.26 8,911.10 7,421.16 183,270.78 4.05 --
2008 10,115.00 4,887.12 5,227.88 133,176.60 3.93 --
Mean 3.84
Graph No. 07- NIM: HDFC BANK
Interpretation:
The Table No. 07 depicts that, the average NIM of HDFC Bank was 3.84%,
maximum was 4.05% in the year 2009 and minimum was 3.64% in the year
2012. The low margin is affected by increasing in deposits. However,
researcher has also seen decreased spread on Loan rates over the last five
years.
3.84
3.89
3.79
3.76
3.95
3.64
3.80
3.77
4.05
3.93
3.40
3.50
3.60
3.70
3.80
3.90
4.00
4.10
2017 2016 2015 2014 2013 2012 2011 2010 2009 2008
[- 13 -]
ICICI BANK
Table No. 08- NIM: ICICI BANK
Year
Interest
Income
Interest
Expenses
Net
Interest
Income Total Assets
NIM
% ROA
2017 54,156.28 32,418.96 21,737.32 768,749.32 2.83 1.1
2016 52,739.43 31,515.39 21,224.04 717,877.63 2.96 1.49
2015 49,091.14 30,051.53 19,039.61 646,129.29 2.95 1.86
2014 44,178.15 27,702.59 16,475.56 594,641.60 2.77 1.78
2013 40,075.60 26,209.18 13,866.42 536,794.69 2.58 1.7
2012 33,542.65 22,808.50 10,734.15 473,647.09 2.27 1.5
2011 25,974.05 16,957.15 9,016.90 406,233.67 2.22 1.35
2010 25,706.93 17,592.57 8,114.36 363,399.71 2.23 --
2009 31,092.55 22,725.93 8,366.62 379,300.96 2.21 --
2008 30,788.34 23,484.24 7,304.10 399,795.07 1.83 --
Mean 2.48
Graph No. 08- NIM: ICICI BANK
Interpretation:
From the table No. 08 it has been seen that, the average Net Interest Margin
of ICICI Bank was 2.48%. Higher was 2.96% in the year 2016 and lower was
1.83% in 2008. It has been seen that, the increasing trend of NIM of ICICI
bank till 2016, in 2017 it’s declined by 2.83% due to increased in NPA. The
NPA of the Bank was 2.67% in the year 2016 but, it increased in 2017 by
4.89%. It’s also resulted in ROA of the bank. The ROA in the year 2016 was
1.49% and in 2017 it became 1.10%.
2.83
2.96 2.95
2.77
2.58
2.27 2.22 2.23 2.21
1.83
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
2017 2016 2015 2014 2013 2012 2011 2010 2009 2008
[- 14 -]
FINDINGS
NIM
Year SBI BOM BOI BOB AXIS KOTAK HDFC ICICI
2017 2.31 2.01 2.97 1.94 3.01 3.79 3.84 2.83
2016 2.52 2.43 2.52 1.90 3.20 3.59 3.89 2.96
2015 2.69 2.68 2.52 1.84 3.08 3.98 3.79 2.95
2014 2.75 2.59 2.64 1.81 3.12 4.25 3.76 2.77
2013 2.83 2.62 2.83 2.07 2.84 3.83 3.95 2.58
2012 3.24 2.87 3.04 2.31 2.81 3.83 3.64 2.27
2011 2.66 2.59 2.99 2.46 2.70 4.12 3.80 2.22
2010 2.25 1.84 3.06 2.13 2.77 4.96 3.77 2.23
2009 2.16 2.15 3.82 2.25 2.50 5.29 4.05 2.21
2008 2.36 2.55 3.58 2.18 2.36 4.33 3.93 1.83
Mean 2.58 2.43 3.00 2.09 2.84 4.20 3.84 2.48
PUBLIC SECTOR BANKS
 The NPA of the State Bank of India has been decreasing since 2013
and it’s affected on NIM for same period. Deposits are rapidly
increasing as compare to borrowings.
 Borrowings of Bank of Maharashtra are 178 times lower than
deposits; hence it resulted into Lower NIM i.e. 2.01%. The NPA of the
Bank in the year 2017 was 11.76%. This means that about 11.76% of
loans are never paid back, resulting in substantial loss of money to
the banks.
 The Net Interest Income of the Bank of India has increased in the year
2017 i.e. 2.97%. Because in this year NPA has decreased from 7.79%
to 6.90% and borrowing are increased up to 5.13%.
 Bank of Baroda has increasing trend of the NIM since 2014. And the
NPA of the Bank is decreasing since 2013. It means the performance
of Bank of Baroda is being very well.
PRIVATE SECTOR BANKS
 The NIM of Axis bank has increased till 2016 but, in 2017 it’s declined
by 3.01%, It has been observed that, the NPA of Axis Bank has
increased in 2017 (0.70 to 2.11) and resulted on ROA too. The ROA of
the Axis Bank was 1.72% in the year 2016 and in 2017 it became
0.65%.
 It has been seen that the Net Interest Margin of Kotak Mahindra bank
is fluctuating throughout the years. NIM has increased in 2017 due to
increased in Interest Income by 7.71%.
 The low margin of HDFC Bank is affected by increasing in
deposits. However, researcher has also seen decreased spread on
Loan rates over the last five years.
[- 15 -]
 It has been seen that, the increasing trend of NIM of ICICI bank till
2016, in 2017 it’s declined by 2.83% due to increased in NPA. The
ROA in the year 2016 was 1.49% and in 2017 it became 1.10% due to
increased in NPA.
CONCLUSION
The study observed that variables such as size, NPA, cost (in) efficiency,
deposit concentration and economic growth are important in determining
the banks’ behavior regarding their interest margin.
In this research, researcher has attempted to measure NIM to find out
profitability performance of 4 Indian public Banks i.e. State Bank of India,
Bank of Maharashtra, Bank of India and Bank of Baroda. At the end, it is
concluded the NIM made by calculating Interest Income and Interest
Expenses for 8 Indian Public & Private sector Banks and result portrays
that Private sector Banks (ICICI and Axis Bank) having better NIM rather
than Bank of Maharashtra and State Bank of India.
[- 16 -]
REFERENCES
 Tushar B. Das (2013): “Net Interest Margin, Financial Crisis and Bank
Behavior: Experience of Indian Banks”, Department of Economic and
Policy Research, November 2013.
 Sami Ben Naceur & Mohamed Goaied (2016): “The Determinants of
Commercial Bank Interest Margin and Profitability”, Published in
Frontiers in Finance and Economics, Vol. 5, No. 1, 106-130.
 Meshesha Demie Jima (2017): “Determinants of Net Interest Margin in
the Ethiopian Banking Industry”, Published in Journal of Finance and
Economics, 2017, Vol. 5, No. 3, 96-104.
 G Hanweck (‎2005): “The Sensitivity of Bank Net Interest Margins and
Profitability to Credit, Interest-Rate, and Term-Structure Shocks
across Bank Product Specializations”, Published in Professor of
Finance School of Management George Mason University.
 Nilesh Vitthal Limbore (2014): “Study of banking sector in India and
overview of performance of Indian banks with reference to net interest
margin and market capitalization of banks” (ISSN No : 2249-894X)
ANNUAL REPORTS
State Bank of India Annual Reports (2008-2017)
Bank of Maharashtra Annual Reports (2008-2017)
Bank of India Annual Reports (2008-2017)
Bank of Baroda Annual Reports (2008-2017)
Axis Bank Annual Reports (2008-2017)
Kotak Mahindra Bank Annual Reports (2008-2017)
HDFC Bank Annual Reports (2008-2017)
ICICI Bank Annual Reports (2008-2017)
WEBSITES
https://www.moneycontrol.com/
https://www.shodhganga.inflibnet.ac.in/
https://efinancemanagement.com/
https://www.researchgate.net/publication/273676328
https://www.rbi.org.in/scripts/PublicationsView.aspx?id=15418
http://pubs.sciepub.com/jfe/5/3/2
[- 17 -]
ANNEXURE
Balance Sheet of State Bank of India (in Rs. Cr.)
Mar '17 Mar '16 Mar '15 Mar '14 Mar '13 Mar '12 Mar '11 Mar '10
Mar
'09
Mar
'08
Capital and Liabilities:
Total
Share
Capital
797.35 776.28 746.57 746.57 684.03 671.04 635 634.88
634.8
8
631.4
7
Equity
Share
Capital
797.35 776.28 746.57 746.57 684.03 671.04 635 634.88
634.8
8
631.4
7
Reserves
155,90
3.06
143,49
8.16
127,69
1.65
117,53
5.68
98,199.
65
83,280.
16
64,351.
04
65,314.
32
57,31
2.82
48,40
1.19
Net
Worth
156,70
0.41
144,27
4.44
128,43
8.22
118,28
2.25
98,883
.68
83,951
.20
64,986
.04
65,949
.20
57,94
7.70
49,03
2.66
Deposits
2,044,7
51.39
1,730,7
22.44
1,576,7
93.24
1,394,4
08.51
1,202,7
39.57
1,043,6
47.36
933,93
2.81
804,11
6.23
742,0
73.13
537,4
03.94
Borrowin
gs
317,69
3.66
224,19
0.59
205,15
0.29
183,13
0.88
169,18
2.71
127,00
5.57
119,56
8.96
103,01
1.60
53,71
3.68
51,72
7.41
Total
Debt
2,362,
445.05
1,954,
913.03
1,781,
943.53
1,577,
539.39
1,371,
922.28
1,170,
652.93
1,053,
501.77
907,12
7.83
795,7
86.81
589,1
31.35
Other
Liabilities
&
Provision
s
155,23
5.19
159,87
5.57
137,69
8.05
96,412.
96
95,455.
07
80,915.
09
105,24
8.39
80,336.
70
110,6
97.57
83,36
2.30
Total
Liabilitie
s
2,674,
380.65
2,259,
063.04
2,048,
079.80
1,792,
234.60
1,566,
261.03
1,335,
519.22
1,223,
736.20
1,053,
413.73
964,4
32.08
721,5
26.31
Assets
Cash &
Balances
with RBI
127,99
7.62
129,62
9.33
115,88
3.84
84,955.
66
65,830.
41
54,075.
94
94,395.
50
61,290.
87
55,54
6.17
51,53
4.62
Balance
with
Banks,
Money at
Call
43,974.
03
37,838.
33
58,977.
46
47,593.
97
48,989.
75
43,087.
23
28,478.
65
34,892.
98
48,85
7.63
15,93
1.72
Advances
1,571,
078.38
1,463,
700.42
1,300,
026.39
1,209,
828.72
1,045,
616.55
867,57
8.89
756,71
9.45
631,91
4.15
542,5
03.20
416,7
68.20
Investme
nts
765,98
9.63
477,09
7.28
495,02
7.40
398,30
8.19
350,92
7.27
312,19
7.61
295,60
0.57
285,79
0.07
275,9
53.96
189,5
01.27
Gross
Block
42,344.
99
9,819.1
6
9,329.1
6
8,002.1
6
6,595.7
1
5,133.8
7
4,431.9
6
11,831.
63
10,40
3.06
8,988.
35
Revaluati
on
Reserves
31,585.
65
0 0 0 0 0 0
7,713.9
0
6,828.
65
5,849.
13
Net
Block
10,759
.34
9,819.
16
9,329.
16
8,002.
16
6,595.
71
5,133.
87
4,431.
96
4,117.
73
3,574.
41
3,139.
22
Capital
Work In
Progress
573.93 570.12 0 0 409.31 332.68 332.23 295.18
263.4
4
234.2
6
Other
Assets
154,00
7.72
140,40
8.41
68,835.
55
43,545.
90
47,892.
03
53,113.
02
43,777.
85
35,112.
76
37,73
3.27
44,41
7.03
Total
Assets
2,674,
380.65
2,259,
063.05
2,048,
079.80
1,792,
234.60
1,566,
261.03
1,335,
519.24
1,223,
736.21
1,053,
413.74
964,4
32.08
721,5
26.32
Continge
nt
Liabilities
1,112,0
81.35
1,064,1
67.65
225,24
4.99
203,61
9.38
993,01
8.45
899,56
5.18
790,38
9.59
429,91
7.37
614,6
03.47
736,0
87.59
Bills for
collection
196.53 185.85 172.04
1,584.3
4
1,445.6
0
0 0
166,44
9.04
152,9
64.06
93,65
2.89
Book
Value (Rs)
196.53 185.85 172.04
1,584.3
4
1,445.6
0
1,251.0
5
1,023.4
0
1,038.7
6
912.7
3
776.4
8
[- 18 -]
State Bank Of India Profit & Loss Account
Mar-17 Mar-16 Mar-15 Mar-14 Mar-14 Mar-13 Mar-12 Mar-11
INCOME
Interest /
Discount on
Advances /
Bills
119,510.
00
115,666.
01
112,343.
91
102,484.
10
102,484.
10
90,537.1
0
81,077.7
0
59,976.0
1
Income from
Investments
48,205.3
1
42,303.9
8
37,087.7
7
31,941.8
7
31,941.8
7
27,200.6
3
23,949.1
4
19,826.3
7
Interest on
Balance with
RBI and
Other Inter-
Bank funds
1,753.47 621.07 505.12 409.31 409.31 545.14 350.47 235.66
Others 6,049.46 5,094.25 2,460.27 1,515.52 1,515.52 1,374.23 1,144.14 1,356.33
Total
Interest
Earned
175,518.
24
163,685.
31
152,397.
07
136,350.
80
136,350.
80
119,657.
10
106,521.
45
81,394.
36
Other
Income
35,460.9
3
28,158.3
6
22,575.8
9
18,552.9
2
18,552.9
2
16,034.8
4
14,351.4
5
15,824.5
9
Total
Income
210,979.
17
191,843.
67
174,972.
96
154,903.
72
154,903.
72
135,691.
94
120,872.
90
97,218.
96
EXPENDITURE
Interest
Expended
113,658.
50
106,803.
49
97,381.8
2
87,068.6
3
87,068.6
3
75,325.8
0
63,230.3
7
48,867.9
6
Payments to
and
Provisions
for
Employees
26,489.2
8
25,113.8
2
23,537.0
7
22,504.2
8
22,504.2
8
18,380.9
0
16,974.0
4
15,211.6
2
Depreciation 2,293.31 1,700.30 1,116.49 1,333.94 1,333.94 1,139.61 1,007.17 990.5
Operating
Expenses
(excludes
Employee
Cost &
Depreciation
)
17,690.1
8
14,968.2
4
14,024.0
8
11,887.6
3
11,887.6
3
9,763.91 8,087.78 6,813.32
Total
Operating
Expenses
46,472.7
7
41,782.3
7
38,677.6
4
35,725.8
5
35,725.8
5
29,284.4
2
26,068.9
9
23,015.
43
Provision
Towards
Income Tax
4,033.29 3,577.93 6,689.95 4,227.47 4,227.47 5,951.06 6,335.37 5,709.54
Provision
Towards
Deferred Tax
337.78 245.47 -477.56 1,055.25 1,055.25 -107.97 455.93 976.82
Other
Provisions
and
Contingencie
s
35,992.7
2
29,483.7
5
469.95
15,935.3
5
-112.16
11,130.8
3
13,068.9
5
10,381.3
4
Total
Provisions
and
Contingenci
es
40,363.7
9
33,307.1
5
25,811.9
3
21,218.0
7
21,218.0
7
16,976.7
4
19,866.2
5
17,071.
05
Total
Expenditure
200,495.
07
181,893.
01
161,871.
39
144,012.
55
144,012.
55
121,586.
96
109,165.
61
88,954.
44
Net Profit /
Loss for The
Year
10,484.1
0
9,950.65
13,101.5
7
10,891.1
7
10,891.1
7
14,104.9
8
11,707.2
9
8,264.5
2
Net Profit /
Loss After
EI & Prior
Year Items
10,484.1
0
9,950.65
13,101.5
7
10,891.1
7
10,891.1
7
14,104.9
8
11,707.2
9
7,370.3
5
[- 19 -]
Profit / Loss
Brought
Forward
0.32 0.32 0.32 0.34 0.34 0.34 0.34 0.34
Total Profit
/ Loss
available for
Appropriati
ons
10,484.4
2
9,950.98
13,101.8
9
10,891.5
1
10,891.5
1
14,105.3
2
11,713.3
4
7,370.6
9
APPROPRIATIONS
Transfer To
/ From
Statutory
Reserve
3,145.23 2,985.20 4,029.08 3,339.62 3,339.62 4,417.86 3,516.98 2,479.36
Transfer To
/ From
Capital
Reserve
1,493.39 345.27 0 0 0 19.17 14.38 9.61
Transfer To
/ From
Revenue And
Other
Reserves
3,430.55 4,267.35 5,994.56 5,013.40 5,013.40 6,453.26 5,536.50 2,729.87
Dividend
and
Dividend Tax
for The
Previous
Year
0 0.01 0 0.01 0.01 0 0 0
Equity Share
Dividend
2,108.56 2,018.32 2,557.28 2,239.71 2,239.71 2,838.74 2,348.66 1,905.00
Tax On
Dividend
306.38 334.51 520.65 298.45 298.45 375.95 296.49 246.52
Balance
Carried Over
To Balance
Sheet
0.32 0.32 0.32 0.32 0.32 0.34 0.34 0.34
Total
Appropriati
ons
10,484.4
2
9,950.98
13,101.8
9
10,891.5
1
10,891.5
1
14,105.3
2
11,713.3
4
7,370.6
9
EARNINGS PER SHARE
Basic EPS
(Rs.)
13.43 12.98 17.55 156.76 156.76 210.06 184.31 130.16
Diluted EPS
(Rs.)
13.43 12.98 17.55 156.76 156.76 210.06 184.31 130.16
DIVIDEND PERCENTAGE
Equity
Dividend
Rate (%)
260 260 350 300 300 415 350 300
[- 20 -]
Balance Sheet of Bank of Maharashtra (in Rs. Cr.)
Mar '17 Mar '16 Mar '15 Mar '14 Mar '13
Mar
'12
Mar
'11
Mar
'10
Mar
'09
Mar
'08
Capital and Liabilities:
Total
Share
Capital
1,168.3
3
1,168.3
3
1,063.1
8
1,427.1
0
1,249.4
8
1,177.
59
1,069.
71
430.52 430.52 430.52
Equity
Share
Capital
1,168.3
3
1,168.3
3
1,063.1
8
839.1 661.48 589.59 481.71 430.52 430.52 430.52
Preferenc
e Share
Capital
0 0 0 588 588 588 588 0 0 0
Reserves
5,004.7
3
6,323.0
3
5,626.0
2
4,875.4
7
4,027.2
1
3,170.
04
2,457.
67
1,973.
32
1,634.
48
1,334.
87
Net
Worth
6,173.0
6
7,491.3
6
6,689.2
0
6,302.5
7
5,276.6
9
4,347.
63
3,527.
38
2,403.
84
2,065.
00
1,765.
39
Deposits
139,052
.84
138,989
.82
122,118
.94
116,803
.09
94,336.
93
76,528
.65
66,844
.74
63,304
.07
52,254
.92
41,758
.33
Borrowin
gs
8,136.6
5
9,228.1
0
11,126.
72
8,326.4
7
12,877.
49
3,824.
75
3,076.
56
2,796.
95
190.01 199.25
Total
Debt
147,18
9.49
148,21
7.92
133,24
5.66
125,12
9.56
107,21
4.42
80,35
3.40
69,92
1.30
66,10
1.02
52,44
4.93
41,95
7.58
Other
Liabilitie
s &
Provisio
ns
4,754.9
7
3,952.2
6
4,705.7
9
3,822.3
5
3,341.4
5
2,941.
33
2,549.
99
2,096.
36
4,068.
23
4,411.
83
Total
Liabiliti
es
158,11
7.52
159,66
1.54
144,64
0.65
135,25
4.48
115,83
2.56
87,64
2.36
75,99
8.67
70,60
1.22
58,57
8.16
48,13
4.80
Assets
Cash &
Balances
with RBI
15,274.
72
8,382.2
9
6,652.7
5
5,991.3
9
5,265.2
9
4,535.
48
3,846.
00
5,315.
39
3,881.
42
3,893.
88
Balance
with
Banks,
Money at
Call
1,367.3
0
937.86 100.36 110.91 907.55
1,208.
78
203.35
1,379.
16
223.92 332.05
Advance
s
95,515.
23
107,56
2.67
98,599.
10
88,920.
40
75,470.
78
56,05
9.76
46,88
0.77
40,31
4.70
34,29
0.77
29,28
5.81
Investm
ents
38,590.
18
36,230.
87
36,714.
79
37,249.
58
31,430.
31
22,91
1.36
22,49
1.08
21,32
3.85
18,38
2.14
12,28
2.95
Gross
Block
1,586.0
8
1,694.4
2
1,432.1
7
1,446.0
1
1,429.4
7
600.65 666.79
1,248.
76
1,169.
25
669.78
Revaluati
on
Reserves
1,206.4
6
1,295.7
8
1,378.1
3
1,065.5
8
1,120.2
6
375.03 443.55 454.57 452.19 16.12
Net
Block
379.62 398.64 54.04 380.43 309.21
225.6
2
223.2
4
204.9
6
202.6
2
204.3
1
Other
Assets
6,990.4
7
6,149.2
2
2,519.6
1
2,601.7
6
2,449.3
9
2,701.
35
2,354.
22
2,063.
16
1,597.
30
2,135.
79
Total
Assets
158,11
7.52
159,66
1.55
144,64
0.65
135,25
4.47
115,83
2.53
87,64
2.35
75,99
8.66
70,60
1.22
58,57
8.17
48,13
4.79
Continge
nt
Liabilitie
s
33,350.
67
33,727.
87
34,340.
61
28,187.
16
26,910.
75
20,833
.48
16,516
.55
16,413
.30
14,186
.93
4,515.
21
Book
Value
(Rs)
52.84 64.12 62.92 68.1 70.88 63.77 61.02 55.84 47.97 41.01
[- 21 -]
Bank Of Maharashtra Profit & Loss Account
Mar-17 Mar-16 Mar-15 Mar-14 Mar-13 Mar-12 Mar-11
INCOME
Interest /
Discount on
Advances / Bills 8,469.96 9,934.83 9,820.78 9,187.15 7,298.50 5,490.63 4,006.14
Income from
Investments 2,829.47 2,735.20 2,751.48 2,543.03 2,231.28 1,708.57 1,520.30
Interest on
Balance with
RBI and Other
Inter-Bank
funds 401.91 52.02 57.07 150.63 81.7 1.52 25.13
Others 360.62 330.94 36.12 75.84 1.95 13.24 11.52
Total Interest
Earned 12,061.96 13,052.99 12,665.44 11,956.66 9,613.43 7,213.96 5,563.09
Other Income 1,508.07 1,019.29 1,005.98 894.19 912 640.67 530.86
Total Income 13,570.03 ######## 13,671.42 12,850.85 10,525.43 7,854.63 6,093.95
EXPENDITURE
Interest
Expended 8,887.27 9,174.29 8,790.40 8,447.73 6,580.08 4,696.88 3,594.69
Payments to and
Provisions for
Employees 1,807.29 1,540.98 1,633.21 1,595.76 1,187.82 1,113.02 1,157.08
Depreciation 117.62 149.2 115.28 99.99 73.93 65.66 67.86
Operating
Expenses
(excludes
Employee Cost
& Depreciation) 930.78 862.63 777.43 701 534.9 463.84 419.29
Total Operating
Expenses 2,855.70 2,552.81 2,525.93 2,396.75 1,796.64 1,642.52 1,644.22
Provision
Towards Income
Tax 0 322.51 449.29 307.88 363.2 199.85 183.67
Provision
Towards
Deferred Tax 0 227.59 0 78.75 226.43 28.29 0
Other Provisions
and
Contingencies 3,199.58 1,694.39 1,455.11 1,233.77 799.56 856.27 340.97
Total
Provisions and
Contingencies 3,199.58 2,244.49 1,904.40 1,620.40 1,389.19 1,084.41 524.64
Total
Expenditure 14,942.54 13,971.59 ######## 12,464.88 9,765.91 7,423.80 5,763.56
Net Profit /
Loss for The
Year -1,372.51 100.69 450.69 385.97 759.52 430.83 330.39
Net Profit /
Loss After EI &
Prior Year
Items -1,372.51 100.69 450.69 385.97 759.52 430.83 330.39
Profit / Loss
Brought
Forward 59.64 136.51 30.14 0 445.35 365.45 284.88
Total Profit /
Loss available
for
Appropriations -1,312.87 237.19 480.83 385.97 1,204.87 796.27 615.27
APPROPRIATIONS
Transfer To /
From Statutory
Reserve 0 25.17 112.67 96.49 189.88 107.71 82.6
Transfer To /
From Special
Reserve 0 130 50 75 150 25 12
Transfer To /
From Capital
Reserve 87.25 28.83 35.39 12.86 20.63 2.54 3.04
[- 22 -]
Transfer To /
From
Investment
Reserve -8.12 0 14.06 11.39 16.11 0 5.34
Transfer To /
From Revenue
And Other
Reserves 0 -6.76 30.14 0 445.35 0 0
Equity Share
Dividend 0 0 85.05 83.91 152.14 129.71 96.34
Preference Share
Dividend 0 0 0 52.92 49.98 55.86 29.59
Tax On Dividend 0 0.31 17.01 23.25 34.35 30.1 20.92
Balance Carried
Over To Balance
Sheet -1,392.00 59.64 136.51 30.14 146.43 445.35 365.45
Total
Appropriations -1,312.87 237.19 480.83 385.97 1,204.87 796.27 615.27
EARNINGS PER SHARE
Basic EPS (Rs.) -11.75 0.91 4.5 4.56 11.88 7.59 6.86
Diluted EPS
(Rs.) -11.75 0.91 4.5 4.56 11.88 7.59 6.86
DIVIDEND PERCENTAGE
Equity Dividend
Rate (%) 0 0 8 10 23 22 20
[- 23 -]
Balance Sheet of Bank of Baroda (in Rs. Cr.)
Mar
'17
Mar
'16
Mar
'15
Mar
'14
Mar
'13
Mar
'12
Mar
'11
Mar
'10
Mar
'09
Mar
'08
Capital and Liabilities:
Total
Share
Capital 462.09 462.09 443.56 430.68 422.52 412.38 392.81 365.53 365.53 365.53
Equity
Share
Capital 462.09 462.09 443.56 430.68 422.52 412.38 392.81 365.53 365.53 365.53
Reserve
s
39,841.
16
39,736.
89
39,391.
79
35,555.
00
31,546.
92
27,064.
47
20,650.
73
14,740.
86
12,470.
01
10,678.
40
Net
Worth
40,303
.25
40,198
.98
39,835
.35
35,985
.68
31,969
.44
27,476
.85
21,043
.54
15,106
.39
12,835
.54
11,043
.93
Deposits
601,67
5.17
574,03
7.87
617,55
9.52
568,89
4.39
473,88
3.34
384,87
1.11
305,43
9.48
241,04
4.26
192,39
6.95
152,03
4.13
Borrowi
ngs
30,611.
44
33,471.
70
35,264.
28
36,812.
97
26,579.
28
23,573.
05
22,307.
85
13,350.
09
5,636.0
9
3,927.0
5
Total
Debt
632,28
6.61
607,50
9.57
652,82
3.80
605,70
7.36
500,46
2.62
408,44
4.16
327,74
7.33
254,39
4.35
198,03
3.04
155,96
1.18
Other
Liabilitie
s &
Provisio
ns
22,285.
56
23,667.
92
22,329.
40
17,811.
50
14,703.
38
11,400.
46
9,606.3
1
8,815.9
7
16,538.
15
12,594.
41
Total
Liabiliti
es
694,87
5.42
671,37
6.47
714,98
8.55
659,50
4.54
547,13
5.44
447,32
1.47
358,39
7.18
278,31
6.71
227,40
6.73
179,59
9.52
Assets
Cash &
Balance
s with
RBI
22,780.
21
21,672.
42
22,488.
60
18,629.
09
13,452.
08
21,651.
46
19,868.
18
13,539.
97
10,596.
34
9,369.7
2
Balance
with
Banks,
Money
at Call
127,68
9.70
112,22
7.93
125,86
4.55
112,24
8.82
71,946.
83
42,517.
08
30,065.
89
21,927.
09
13,490.
77
12,929.
56
Advanc
es
383,25
9.22
383,77
0.18
428,06
5.14
397,00
5.81
328,18
5.76
287,37
7.29
228,67
6.36
175,03
5.29
143,98
5.90
106,70
1.32
Investm
ents
129,63
0.54
120,45
0.52
122,31
9.72
116,11
2.66
121,39
3.72
83,209
.40
71,396
.59
61,182
.38
52,445
.88
43,870
.07
Gross
Block
5,758.3
7
6,253.7
8
2,874.8
5
2,734.1
2
2,453.1
2
2,341.5
0
2,299.7
2
4,266.6
0
3,954.1
3
3,787.1
4
Net
Block
5,758.
37
6,253.
78
2,874.
85
2,734.
12
2,453.
12
2,341.
50
2,299.
72
2,284.
76
2,309.
72
2,427.
00
Other
Assets
25,757.
37
27,001.
65
13,375.
69
12,774.
03
9,703.9
3
10,224.
73
6,090.4
4
4,347.2
2
4,578.1
2
4,301.8
3
Total
Assets
694,87
5.41
671,37
6.48
714,98
8.55
659,50
4.53
547,13
5.44
447,32
1.46
358,39
7.18
278,31
6.71
227,40
6.73
179,59
9.50
Conting
ent
Liabiliti
es
290,11
8.38
261,32
0.91
283,99
2.78
291,77
7.69
230,58
1.15
175,26
9.81
146,00
8.59
77,997.
01
64,745.
82
75,364.
33
Book
Value
(Rs) 174.92 174.46 180.13 838.02 758.91 668.34 537.45 414.71 352.37 303.18
[- 24 -]
Bank Of Baroda Profit & Loss Account
Mar-17 Mar-16 Mar-15 Mar-14 Mar-13 Mar-12 Mar-11
INCOME
Interest /
Discount on
Advances /
Bills 27,523.93 29,796.23 30,802.68 27,878.09 25,867.06 22,369.41 16,183.76
Income from
Investments 10,596.33 10,673.22 9,701.07 8,695.99 7,483.39 6,184.73 4,774.78
Interest on
Balance with
RBI and Other
Inter-Bank
funds 1,990.86 1,305.92 1,549.79 1,533.86 1,443.02 837.43 494.49
Others 2,088.81 2,285.90 910.01 831.76 403.19 282.15 432.88
Total Interest
Earned 42,199.93 44,061.28 42,963.56 38,939.71 35,196.65 29,673.72 21,885.92
Other Income 6,758.06 4,998.86 4,402.00 4,462.74 3,630.62 3,422.33 2,809.19
Total Income 48,957.99 49,060.14 47,365.55 43,402.45 38,827.28 33,096.05 24,695.10
EXPENDITURE
Interest
Expended 28,686.52 31,321.43 29,776.32 26,974.36 23,881.39 19,356.71 13,083.66
Payments to
and Provisions
for Employees 4,637.77 4,978.03 4,261.35 4,139.72 3,449.65 2,985.58 2,916.78
Depreciation 511.35 501.33 340.39 345.03 300.64 276.57 243.04
Operating
Expenses
(excludes
Employee Cost
& Depreciation) 4,147.28 3,443.78 3,072.39 2,652.32 2,196.45 1,896.57 1,470.01
Total
Operating
Expenses 9,296.40 8,923.14 7,674.13 7,137.07 5,946.74 5,158.72 4,629.83
Provision
Towards
Income Tax 1,089.56 1,769.84 2,022.17 956.23 350.51 1,018.84 1,408.64
Provision
Towards
Deferred Tax 0 -3,072.38 0 0 0 0 0
Other
Provisions and
Contingencies 8,502.37 15,513.65 4,494.50 3,793.71 4,167.92 2,554.83 1,331.29
Total
Provisions and
Contingencies 9,591.93 14,211.11 6,516.67 4,749.94 4,518.43 3,573.67 2,739.93
Total
Expenditure 47,574.85 54,455.68 43,967.12 38,861.37 34,346.56 28,089.10 20,453.42
Net Profit /
Loss for The
Year 1,383.14 -5,395.54 3,398.44 4,541.08 4,480.72 5,006.96 4,241.68
Net Profit /
Loss After EI
& Prior Year
Items 1,383.14 -5,395.54 3,398.44 4,541.08 4,480.72 5,006.96 4,241.68
[- 25 -]
Total Profit /
Loss available
for
Appropriations 1,383.14 -5,395.54 3,398.44 4,541.08 4,480.72 5,006.96 4,241.68
APPROPRIATIONS
Transfer To /
From Statutory
Reserve 345.78 0 849.61 1,135.27 1,120.18 1,251.74 1,060.42
Transfer To /
From Special
Reserve 350.92 0 1,093.90 912.07 850 533.85 335.39
Transfer To /
From Capital
Reserve 353.65 0 108.21 8.69 81.45 22.4 21
Transfer To /
From General
Reserve 0 -5,395.54 364.57 1,401.38 1,369.47 2,453.86 2,100.46
Transfer To /
From
Investment
Reserve 0 0 130.46 0 0 -68.74 -31.4
Equity Share
Dividend 332.79 0 727.97 923.24 905.74 694.32 646.05
Tax On
Dividend 0 0 123.71 160.43 153.89 117.97 107.3
Total
Appropriations 1,383.14 -5,395.54 3,398.44 4,541.08 4,480.72 5,006.96 4,241.68
EARNINGS PER SHARE
Basic EPS (Rs.) 6 -23.89 16 107 109 128 116
Diluted EPS
(Rs.) 6 -23.89 16 107 109 128 116
DIVIDEND PERCENTAGE
Equity
Dividend Rate
(%) 60 0 160 215 215 170 165
[- 26 -]
Balance Sheet of Bank of India (in Rs. Cr.)
Mar
'17
Mar
'16
Mar
'15
Mar
'14
Mar
'13
Mar
'12
Mar
'11
Mar
'10
Mar
'09
Mar
'08
Capital and Liabilities:
Total
Share
Capital
1,055.4
3 817.29 665.65 643 596.64 574.52 547.22 525.91 525.91 525.91
Equity
Share
Capital
1,055.4
3 817.29 665.65 643 596.64 574.52 547.22 525.91 525.91 525.91
Reserve
s
29,709.
72
30,196.
28
30,781.
09
29,280.
08
23,321.
51
19,151.
38
15,423.
99
12,275.
46
11,258.
72
8,300.3
8
Net
Worth
32,487
.07
32,317
.22
31,446
.74
29,923
.08
23,918
.15
19,725
.90
15,971
.21
12,801
.37
11,784
.63
8,826.
29
Deposits
540,03
2.01
513,00
4.52
531,90
6.63
476,97
4.05
381,83
9.59
318,21
6.03
298,88
5.81
229,76
1.94
189,70
8.48
150,01
1.98
Borrowi
ngs
39,405.
67
51,083.
14
40,057.
14
48,427.
51
35,367.
58
32,114.
23
22,021.
38
22,399.
90
9,486.9
8
7,172.4
5
Total
Debt
579,43
7.68
564,08
7.66
571,96
3.77
525,40
1.56
417,20
7.17
350,33
0.26
320,90
7.19
252,16
1.84
199,19
5.46
157,18
4.43
Other
Liabilitie
s &
Provisio
ns
14,384.
52
13,509.
05
15,287.
25
17,865.
56
11,477.
39
13,243.
43
12,974.
69
8,574.6
3
12,811.
39
11,056.
16
Total
Liabiliti
es
626,30
9.27
609,91
3.93
618,69
7.76
573,19
0.20
452,60
2.71
383,29
9.59
349,85
3.09
273,53
7.84
223,79
1.48
177,06
6.88
Assets
Cash &
Balance
s with
RBI
27,347.
66
33,961.
61
27,170.
03
19,073.
44
21,967.
04
14,986.
71
21,782.
43
15,602.
62
8,915.2
8
11,741.
85
Balance
with
Banks,
Money
at Call
68,540.
29
65,179.
68
49,233.
66
42,308.
85
32,868.
82
19,724.
54
15,527.
56
15,627.
51
12,845.
97
5,975.5
4
Advanc
es
366,48
1.67
359,18
8.95
402,02
5.54
370,73
3.54
289,36
7.50
248,83
3.34
213,09
6.18
168,49
0.71
142,90
9.37
113,47
6.33
Investm
ents
127,82
6.86
118,84
8.92
119,79
2.04
114,15
2.44
94,613
.43
86,753
.59
85,872
.42
67,080
.18
52,607
.18
41,802
.88
Gross
Block
8,461.8
6
8,480.3
1
5,885.5
3
5,786.0
6
2,778.9
3
2,722.9
5
2,365.9
3
3,790.8
1
3,578.2
3
3,448.4
4
Net
Block
8,461.
86
8,480.
31
5,885.
53
5,786.
06
2,778.
93
1,235.
89
1,319.
47
1,428.
62
1,710.
29
1,763.
10
Other
Assets
27,650.
93
24,254.
46
14,590.
96
21,135.
87
10,915.
80
1,487.0
6
1,046.4
6 858.12 711.19 636.06
Total
Assets
626,30
9.27
609,91
3.93
618,69
7.76
573,19
0.20
452,60
2.72
383,29
9.57
349,85
3.08
273,53
7.84
223,79
1.46
177,06
6.90
Conting
ent
Liabiliti
es
391,40
1.30
707,61
8.65
200,91
3.85
273,95
2.28
245,91
6.80
210,42
8.17
176,20
5.41
118,53
5.87
107,15
5.08
100,48
6.14
Book
Value
(Rs) 291.7 379.47 472.42 465.37 401.38 343.79 292.26 243.75 224.39 168.06
[- 27 -]
Bank Of India Profit & Loss Account
Mar-17 Mar-16 Mar-15 Mar-14 Mar-13 Mar-12 Mar-11
INCOME
Interest /
Discount on
Advances / Bills 27,187.86 30,370.90 31,678.16 27,119.28 23,139.21 20,240.63 15,500.23
Income from
Investments 9,059.92 8,952.13 9,399.91 8,404.96 7,261.26 7,141.76 5,171.71
Interest on
Balance with
RBI and Other
Inter-Bank
funds 2,012.21 2,120.94 2,143.25 2,003.37 1,256.97 833.96 785.43
Others 1,030.86 352.49 208.59 382.49 251.49 264.31 294.35
Total Interest
Earned 39,290.85 41,796.46 43,429.91 37,910.10 31,908.93 28,480.67 21,751.72
Other Income 6,772.33 3,652.55 4,232.70 4,291.84 3,766.04 3,321.17 2,641.77
Total Income 46,063.18 45,449.01 47,662.61 42,201.94 35,674.97 31,801.84 24,393.50
EXPENDITURE
Interest
Expended 27,464.74 30,071.84 32,086.24 27,079.57 22,884.93 20,167.23 13,941.03
Payments to
and Provisions
for Employees 5,396.62 5,357.24 4,985.82 3,991.15 3,130.52 3,069.31 3,475.44
Depreciation -12.47 286.26 285.42 227.87 183.89 166.83 140.56
Operating
Expenses
(excludes
Employee Cost
& Depreciation) 3,481.65 3,698.05 2,817.36 2,480.45 2,017.15 1,704.51 1,452.24
Total
Operating
Expenses 8,865.80 9,341.55 8,088.60 6,699.47 5,331.55 4,940.66 5,068.24
Provision
Towards Income
Tax 1,813.70 1,471.10 70.77 -27.71 0 0 0
Provision
Towards
Deferred Tax -2,627.91 -3,172.65 15.36 843.49 0 0 0
Provision
Towards Other
Taxes 0 0 0 0 258.39 900 1,006.68
Other
Provisions and
Contingencies 12,105.18 13,826.38 5,692.72 4,877.85 4,450.76 3,116.43 1,888.84
Total
Provisions and
Contingencies 11,290.97 12,124.83 5,778.85 5,693.63 4,709.15 4,016.43 2,895.52
Total
Expenditure 47,621.50 51,538.22 45,953.69 39,472.67 32,925.63 29,124.32 21,904.79
Net Profit /
Loss for The
Year -1,558.31 -6,089.21 1,708.92 2,729.27 2,749.35 2,677.52 2,488.71
Net Profit /
Loss After EI &
Prior Year
Items -1,558.31 -6,089.21 1,708.92 2,729.27 2,749.35 2,677.52 2,488.71
Profit / Loss
Brought
Forward -6,248.68 0 0 0 0 0 0
[- 28 -]
Total Profit /
Loss available
for
Appropriations -7,807.00 -6,089.21 1,708.92 2,729.27 2,749.35 2,677.52 2,488.71
APPROPRIATIONS
Transfer To /
From Statutory
Reserve 0 0 430 700 687.34 669.38 625
Transfer To /
From Special
Reserve 0 0 0 0 299.63 0 0
Transfer To /
From Capital
Reserve 749.85 159.47 0 0 31.73 246.81 198.56
Transfer To /
From Revenue
And Other
Reserves 0 0 879.2 1,653.74 1,033.55 1,285.23 1,215.87
Equity Share
Dividend 0 0 332.1 321.5 596.67 465.98 444.3
Tax On
Dividend 0 0 67.62 54.03 100.42 0 0
Balance Carried
Over To Balance
Sheet -8,556.84 -6,248.68 0 0 0 0 0
Total
Appropriations -7,807.00 -6,089.21 1,708.92 2,729.27 2,749.35 2,677.52 2,488.71
EARNINGS PER SHARE
Basic EPS (Rs.) -15.72 -83.01 26.57 44.74 47.79 48.98 47.35
Diluted EPS
(Rs.) -15.72 -83.01 26.57 44.74 47.79 48.98 47.35
DIVIDEND PERCENTAGE
Equity Dividend
Rate (%) 0 0 50 50 100 70 70
[- 29 -]
Balance Sheet of Axis Bank (in Rs. Cr.)
Mar
'17
Mar
'16
Mar
'15
Mar
'14
Mar
'13
Mar
'12
Mar
'11
Mar
'10
Mar
'09
Mar
'08
Capital and Liabilities:
Total
Share
Capital 479.01 476.57 474.1 469.84 467.95 413.2 410.55 405.17 359.01 357.71
Equity
Share
Capital 479.01 476.57 474.1 469.84 467.95 413.2 410.55 405.17 359.01 357.71
Reserve
s
55,283.
53
52,688.
34
44,202.
41
37,750.
64
32,639.
91
22,395.
34
18,588.
28
15,639.
27
9,854.5
8
8,410.7
9
Net
Worth
55,762
.54
53,164
.91
44,676
.51
38,220
.48
33,107
.86
22,808
.54
18,998
.83
16,044
.61
10,214
.80
8,770.
69
Deposits
414,37
8.79
357,96
7.56
322,44
1.94
280,94
4.56
252,61
3.59
220,10
4.30
189,23
7.80
141,30
0.22
117,37
4.11
87,626.
22
Borrowi
ngs
105,03
0.87
99,226.
38
79,758.
27
50,290.
94
43,951.
10
34,071.
67
26,267.
88
17,169.
55
10,185.
48
5,624.0
4
Total
Debt
519,40
9.66
457,19
3.94
402,20
0.21
331,23
5.50
296,56
4.69
254,17
5.97
215,50
5.68
158,46
9.77
127,55
9.59
93,250
.26
Other
Liabilitie
s &
Provisio
ns
26,295.
47
15,108.
77
15,055.
67
13,788.
89
10,888.
11
8,643.2
8
8,208.8
6
6,133.4
6
9,947.6
7
7,556.9
0
Total
Liabiliti
es
601,46
7.67
525,46
7.62
461,93
2.39
383,24
4.87
340,56
0.66
285,62
7.79
242,71
3.37
180,64
7.84
147,72
2.06
109,57
7.85
Assets
Cash &
Balance
s with
RBI
30,857.
94
22,361.
15
19,818.
84
17,041.
32
14,792.
09
10,702.
92
13,886.
16
9,473.8
8
9,419.2
1
7,305.6
6
Balance
with
Banks,
Money
at Call
19,398.
24
10,964.
29
16,280.
19
11,197.
38
5,642.8
7
3,230.9
9
7,522.4
9
5,732.5
6
5,597.6
9
5,198.5
8
Advanc
es
373,06
9.35
338,77
3.72
281,08
3.03
230,06
6.76
196,96
5.96
169,75
9.54
142,40
7.83
104,34
3.12
81,556
.77
59,661
.14
Investm
ents
128,79
3.37
122,00
6.20
132,34
2.83
113,54
8.43
113,73
7.54
93,192
.09
71,991
.62
55,974
.82
46,330
.35
33,705
.10
Gross
Block
3,746.8
9
3,316.2
0
2,413.0
5
2,310.5
4
2,230.5
4
2,188.5
6
2,250.4
6
2,107.9
8
1,741.8
6
1,384.7
0
Net
Block
3,746.
89
3,316.
20
2,413.
05
2,310.
54
2,230.
54
2,188.
56
2,250.
46
1,165.
19
1,015.
41 794.37
Capital
Work In
Progress 0 206.97 101.26 99.67 125.11 70.77 22.69 57.24 57.48 128.48
Other
Assets
45,601.
87
27,839.
08
9,893.1
9
8,980.7
9
7,066.5
6
6,482.9
3
4,632.1
2
3,901.0
6
3,745.1
5
2,784.5
1
Total
Assets
601,46
7.66
525,46
7.61
461,93
2.39
383,24
4.89
340,56
0.67
285,62
7.80
242,71
3.37
180,64
7.87
147,72
2.06
109,57
7.84
Conting
ent
Liabiliti
es
750,68
1.21
668,72
5.82
640,18
3.59
611,44
6.37
576,01
0.77
514,87
1.98
477,86
4.55
296,12
5.58
104,42
8.39
78,028.
44
Book
Value
(Rs) 232.83 223.12 188.47 813.47 707.5 551.99 462.77 395.99 284.5 245.13
[- 30 -]
Axis Bank Profit & Loss Account
Mar-17 Mar-16 Mar-15 Mar-14 Mar-13 Mar-12 Mar-11
INCOME
Interest /
Discount on
Advances / Bills 33,124.96 30,040.56 25,867.82 21,950.43 19,166.24 15,379.35 10,403.11
Income from
Investments 9,622.82 9,377.59 9,117.09 8,343.13 7,746.98 6,394.27 4,438.68
Interest on
Balance with
RBI and Other
Inter-Bank
funds 503.84 295.25 231.26 166.78 111.26 98.43 182.62
Others 1,290.54 1,274.64 262.43 180.81 158.1 122.6 130.39
Total Interest
Earned 44,542.16 40,988.04 35,478.60 30,641.16 27,182.57 21,994.65 15,154.81
Other Income 11,691.31 9,371.46 8,365.05 7,405.22 6,551.11 5,420.22 4,632.13
Total Income 56,233.47 50,359.50 43,843.64 38,046.38 33,733.68 27,414.86 19,786.94
EXPENDITURE
Interest
Expended 26,449.04 24,155.07 21,254.46 18,689.52 17,516.31 13,976.90 8,591.82
Payments to
and Provisions
for Employees 3,891.86 3,376.01 3,114.97 2,601.35 2,376.98 2,080.17 1,613.90
Depreciation 508.8 443.91 405.67 363.93 351.73 342.24 289.59
Operating
Expenses
(excludes
Employee Cost
& Depreciation) 7,799.24 6,280.90 5,683.10 4,935.49 4,185.52 3,584.70 2,875.94
Total
Operating
Expenses 12,199.91 10,100.82 9,203.75 7,900.77 6,914.24 6,007.10 4,779.43
Provision
Towards Income
Tax 4,988.90 4,241.96 3,852.37 3,489.74 2,720.58 2,256.23 1,953.03
Provision
Towards
Deferred Tax -3,200.62 -71.87 -153.36 -358.78 -347.32 -210.6 -205.52
Provision
Towards Other
Taxes 0 -0.05 0.93 0.42 0.38 0.36 0.41
Other
Provisions and
Contingencies 12,116.96 3,709.91 2,327.68 2,107.04 1,750.06 1,142.67 1,279.28
Total
Provisions and
Contingencies 13,905.24 7,879.95 6,027.62 5,238.42 4,123.70 3,188.66 3,027.20
Total
Expenditure 52,554.19 42,135.84 36,485.82 31,828.71 28,554.25 23,172.66 16,398.45
Net Profit /
Loss for The
Year 3,679.28 8,223.66 7,357.82 6,217.67 5,179.43 4,242.21 3,388.49
Net Profit /
Loss After EI &
Prior Year
Items 3,679.28 8,223.66 7,357.82 6,217.67 5,179.43 4,242.21 3,388.49
Profit / Loss
Brought
Forward 23,766.46 17,623.49 13,501.45 10,029.26 7,329.45 4,969.77 3,427.43
[- 31 -]
Total Profit /
Loss available
for
Appropriations 27,445.74 25,847.15 20,859.27 16,246.93 12,508.88 9,211.98 6,815.92
APPROPRIATIONS
Transfer To /
From Statutory
Reserve 919.82 2,055.92 1,839.46 1,554.42 1,294.86 1,060.55 847.12
Transfer To /
From Reserve
Fund 1.75 1.74 -1.27 1.05 2.61 51.9 4.76
Transfer To /
From Capital
Reserve 755.57 62.04 63.14 38.87 141.46 0 338.85
Transfer To /
From
Investment
Reserve -87.17 -41.81 25.49 50.03 53.46 0 -14.94
Equity Share
Dividend 1,197.52 1,191.42 1,087.54 939.69 843.86 658.24 573
Tax On
Dividend 209.91 213.19 221.42 161.44 143.37 111.83 97.35
Balance Carried
Over To Balance
Sheet 24,448.33 22,364.65 17,623.49 13,501.45 10,029.26 7,329.45 4,969.77
Total
Appropriations 27,445.74 25,847.15 20,859.27 16,246.93 12,508.88 9,211.98 6,815.92
EARNINGS PER SHARE
Basic EPS (Rs.) 15.4 34.59 31 132.56 119.67 102.94 82.95
Diluted EPS
(Rs.) 15.34 34.4 31 132.23 118.85 102.2 81.61
DIVIDEND PERCENTAGE
Equity Dividend
Rate (%) 250 250 230 200 180 160 140
[- 32 -]
Balance Sheet of Kotak Mahindra Bank (in Rs. Cr.)
Mar '17 Mar '16 Mar '15
Mar
'14
Mar
'13
Mar
'12
Mar
'11
Mar
'10
Mar
'09
Mar
'08
Capital and Liabilities:
Total
Share
Capital 920.45 917.19 386.18 385.16 373.3 370.34 368.44 348.14 345.67 344.67
Equity
Share
Capital 920.45 917.19 386.18 385.16 373.3 370.34 368.44 348.14 345.67 344.67
Share
Applicati
on
Money 1.87 3.41 3 8.53 17.53 34.82 36.92 0 0 0
Reserves
26,695.
62
23,041.
87
13,754.
91
11,889
.93
9,073.
65
7,575.
59
6,428.
04
4,191.
78
3,559.
86
3,249.
04
Net
Worth
27,617.
94
23,962.
47
14,144.
09
12,283
.62
9,464.
48
7,980.
75
6,833.
40
4,539.
92
3,905.
53
3,593.
71
Deposits
157,425
.86
138,643
.02
74,860.
31
59,072
.33
51,028
.77
38,536
.52
29,260
.97
23,886
.47
15,644
.93
16,423
.65
Borrowin
gs
21,095.
48
20,975.
34
12,149.
71
12,895
.58
20,410
.62
16,595
.52
11,723
.95
6,140.
51
5,904.
07
5,119.
25
Total
Debt
178,52
1.34
159,61
8.36
87,010.
02
71,967
.91
71,439
.39
55,132
.04
40,984
.92
30,026
.98
21,549
.00
21,542
.90
Other
Liabilitie
s &
Provision
s
8,450.6
8
8,678.9
6
4,857.9
7
3,333.
82
2,789.
81
2,553.
99
3,032.
36
2,869.
42
3,257.
34
3,175.
75
Total
Liabiliti
es
214,58
9.96
192,25
9.79
106,01
2.08
87,585
.35
83,693
.68
65,666
.78
50,850
.68
37,436
.32
28,711
.87
28,312
.36
Assets
Cash &
Balances
with RBI
7,492.4
3
6,903.4
3
3,928.3
0
2,948.
23
2,207.
90
2,016.
49
2,107.
72
2,085.
67 995.35
1,710.
29
Balance
with
Banks,
Money at
Call
15,079.
58
3,976.2
8
2,334.0
6
3,031.
66
1,481.
26 618.06 363.26 214.59 145.32 439.18
Advance
s
136,08
2.13
118,66
5.30
66,160.
71
53,027
.63
48,468
.98
39,079
.23
29,329
.31
20,775
.05
16,625
.34
15,552
.22
Investm
ents
45,074.
19
51,260.
22
30,421.
09
25,484
.55
28,873
.43
21,566
.81
17,121
.44
12,512
.66
9,110.
18
9,141.
99
Gross
Block
1,537.6
3
1,551.5
9
1,206.7
1
1,106.
94 464.42 449.97 425.61 745.34 460.61 391.42
Net
Block
1,537.6
3
1,551.5
9
1,206.7
1
1,106.
94 464.42 449.97 425.61 427.65 213.36 210.25
Other
Assets
9,324.0
0
9,902.9
7
1,961.2
1
1,986.
33
2,197.
69
1,936.
23
1,503.
33
1,420.
69
1,622.
33
1,258.
43
Total
Assets
214,58
9.96
192,25
9.79
106,01
2.08
87,585
.34
83,693
.68
65,666
.79
50,850
.67
37,436
.31
28,711
.88
28,312
.36
Continge
nt
Liabilitie
s
213,385
.80
257,574
.33
68,092.
15
46,903
.54
42,117
.47
40,052
.52
35,422
.71
4,156.
15
4,486.
28
7,172.
79
Book
Value
(Rs) 150.01 130.61 183.09 159.35 126.53 107.28 92.23 130.4 112.98 104.26
[- 33 -]
Kotak Mahindra Bank Profit & Loss Account
Mar-17 Mar-16 Mar-15 Mar-14 Mar-13 Mar-12 Mar-11
INCOME
Interest /
Discount on
Advances / Bills 13,402.10 12,470.37 7,468.67 6,674.82 6,146.09 4,867.44 3,214.35
Income from
Investments 3,681.04 3,456.01 2,215.85 2,050.04 1,869.83 1,306.35 957.18
Interest on
Balance with RBI
and Other Inter-
Bank funds 218.32 92.91 24.06 27.17 24.33 4.07 17.19
Others 397.47 364.9 11.29 15.08 2.24 2.37 1.04
Total Interest
Earned 17,698.93 16,384.18 9,719.87 8,767.12 8,042.49 6,180.24 4,189.75
Other Income 3,477.16 2,612.23 2,028.45 1,399.71 1,160.66 977.35 780.53
Total Income 21,176.09 18,996.42 11,748.32 10,166.83 9,203.15 7,157.58 4,970.29
EXPENDITURE
Interest
Expended 9,572.78 9,483.81 5,496.13 5,047.07 4,836.82 3,667.75 2,092.18
Payments to and
Provisions for
Employees 2,768.53 2,816.97 1,466.68 1,172.16 1,075.14 902.36 783.83
Depreciation 290.66 287.38 193 165.18 132.53 116.76 98.27
Operating
Expenses
(excludes
Employee Cost &
Depreciation) 2,559.30 2,367.17 1,595.05 1,205.27 1,002.06 815.71 671.22
Total Operating
Expenses 5,618.50 5,471.52 3,254.73 2,542.61 2,209.73 1,834.83 1,553.32
Provision
Towards Income
Tax 1,800.31 1,036.12 895.97 741.78 632.89 493.15 360.91
Provision
Towards
Deferred Tax -63.74 -2.32 70.95 28.11 -21.58 21.69 8.59
Provision
Towards Other
Taxes 0 0.14 0.06 0.04 0.03 0.03 0.02
Other Provisions
and
Contingencies 836.74 917.37 164.5 304.7 184.55 55.08 137.09
Total Provisions
and
Contingencies 2,573.31 1,951.31 1,131.48 1,074.63 795.89 569.95 506.61
Total
Expenditure 17,764.59 16,906.64 9,882.34 8,664.31 7,842.44 6,072.53 4,152.10
Net Profit /
Loss for The
Year 3,411.50 2,089.78 1,865.98 1,502.52 1,360.72 1,085.05 818.18
Net Profit /
Loss After EI &
Prior Year
Items 3,411.50 2,089.78 1,865.98 1,502.52 1,360.72 1,085.05 818.18
[- 34 -]
Profit / Loss
Brought Forward 8,214.12 5,095.26 4,005.29 3,016.60 2,162.79 1,494.52 965.91
Transferred on
Amalgamation 0 1,674.71 0 0 0 0 0
Total Profit /
Loss available
for
Appropriations 11,625.62 8,859.75 5,871.27 4,519.12 3,523.51 2,579.57 1,784.09
APPROPRIATIONS
Transfer To /
From Statutory
Reserve 852.88 522.45 466.5 375.63 340.18 271.27 204.55
Transfer To /
From Special
Reserve 55 45 28 32 28.5 25 29
Transfer To /
From Capital
Reserve 10.55 9.17 5.91 0.4 0 0.02 0.69
Transfer To /
From General
Reserve 0 0 93.3 75.13 68.04 54.26 40.91
Transfer To /
From Investment
Reserve -48.49 -41.52 86.65 -41.1 10.52 14.52 -26.83
Equity Share
Dividend 0.07 91.84 82.07 63.08 52.38 44.49 36.88
Tax On Dividend -0.68 18.7 13.58 8.69 7.29 7.22 4.37
Balance Carried
Over To Balance
Sheet 10,756.29 8,214.12 5,095.26 4,005.29 3,016.60 2,162.79 1,494.52
Total
Appropriations 11,625.62 8,859.75 5,871.27 4,519.12 3,523.51 2,579.57 1,784.09
EARNINGS PER SHARE
Basic EPS (Rs.) 18.57 11.42 24.2 19.62 18.31 14.69 11.35
Diluted EPS (Rs.) 18.55 11.4 24.14 19.59 18.24 14.61 11.28
DIVIDEND PERCENTAGE
Equity Dividend
Rate (%) 12 10 18 16 14 12 10
[- 35 -]
Balance Sheet of HDFC Bank (in Rs. Cr.)
Mar
'17
Mar
'16
Mar
'15
Mar
'14
Mar
'13
Mar
'12
Mar
'11
Mar
'10
Mar
'09
Mar
'08
Capital and Liabilities:
Total
Share
Capital 512.51 505.64 501.3 479.81 475.88 469.34 465.23 457.74 425.38 354.43
Equity
Share
Capital 512.51 505.64 501.3 479.81 475.88 469.34 465.23 457.74 425.38 354.43
Reserve
s
88,949.
84
72,172.
13
61,508.
12
42,998.
82
35,738.
26
29,455.
04
24,911.
13
21,064.
75
14,226.
43
11,142.
80
Net
Worth
89,462
.35
72,677
.77
62,009
.42
43,478
.63
36,214
.14
29,924
.68
25,379
.27
21,522
.49
15,052
.73
11,497
.23
Deposits
643,63
9.66
546,42
4.19
450,79
5.64
367,33
7.48
296,24
6.98
246,70
6.45
208,58
6.41
167,40
4.44
142,81
1.58
100,76
8.60
Borrowi
ngs
74,028.
87
53,018.
47
45,213.
56
39,438.
99
33,006.
60
23,846.
51
14,394.
06
12,915.
69
2,685.8
4
4,478.8
6
Total
Debt
717,66
8.53
599,44
2.66
496,00
9.20
406,77
6.47
329,25
3.58
270,55
2.96
222,98
0.47
180,32
0.13
145,49
7.42
105,24
7.46
Other
Liabilitie
s &
Provisio
ns
56,709.
32
36,725.
13
32,484.
46
41,344.
40
34,864.
17
37,431.
87
28,992.
86
20,615.
94
22,720.
62
16,431.
91
Total
Liabiliti
es
863,84
0.20
708,84
5.56
590,50
3.08
491,59
9.50
400,33
1.89
337,90
9.51
277,35
2.60
222,45
8.56
183,27
0.77
133,17
6.60
Assets
Cash &
Balance
s with
RBI
37,896.
88
30,058.
31
27,510.
45
25,345.
63
14,627.
40
14,991.
09
25,100.
82
15,483.
28
13,527.
21
12,553.
18
Balance
with
Banks,
Money
at Call
11,055.
22
8,860.5
3
8,821.0
0
14,238.
01
12,652.
77
5,946.6
3
4,568.0
2
14,459.
11
3,979.4
1
2,225.1
6
Advanc
es
554,56
8.20
464,59
3.96
365,49
5.03
303,00
0.27
239,72
0.64
195,42
0.03
159,98
2.67
125,83
0.59
98,883
.05
63,426
.90
Investm
ents
214,46
3.34
163,88
5.77
166,45
9.95
120,95
1.07
111,61
3.60
97,482
.91
70,929
.37
58,607
.62
58,817
.55
49,393
.54
Gross
Block
3,626.7
4
3,343.1
6
3,121.7
3
2,939.9
2
2,703.0
8
2,347.1
9
2,170.6
5
4,707.9
7
3,956.6
3
2,386.9
9
Net
Block
3,626.
74
3,343.
16
3,121.
73
2,939.
92
2,703.
08
2,347.
19
2,170.
65
2,122.
81
1,706.
73
1,175.
13
Other
Assets
42,229.
82
38,103.
84
19,094.
91
25,124.
60
19,014.
41
21,721.
64
14,601.
08
5,955.1
5
6,356.8
3
4,402.6
9
Total
Assets
863,84
0.20
708,84
5.57
590,50
3.07
491,59
9.50
400,33
1.90
337,90
9.49
277,35
2.61
222,45
8.56
183,27
0.78
133,17
6.60
Conting
ent
Liabiliti
es
848,71
7.62
876,80
8.11
997,53
8.88
744,09
7.98
746,22
6.39
883,98
5.32
588,55
0.98
466,23
6.24
396,59
4.31
582,83
5.94
Book
Value
(Rs) 349.12 287.47 247.39 181.23 152.2 127.52 545.46 470.19 344.44 324.38
[- 36 -]
HDFC Bank Profit & Loss Account
Mar-17 Mar-16 Mar-15 Mar-14 Mar-13 Mar-12 Mar-11
INCOME
Interest /
Discount on
Advances / Bills 52,055.26 44,827.86 37,180.79 31,686.92 26,822.39 20,536.60 15,085.01
Income from
Investments 15,944.34 14,120.03 10,705.61 9,036.85 7,820.26 6,504.59 4,675.44
Interest on
Balance with
RBI and Other
Inter-Bank
funds 532.02 361.61 517.1 355.99 281.63 137.14 148.08
Others 774.34 911.95 66.41 55.78 140.59 108.02 19.68
Total Interest
Earned 69,305.96 60,221.45 48,469.90 41,135.53 35,064.87 27,286.35 19,928.21
Other Income 12,296.50 10,751.72 8,996.35 7,919.64 6,852.62 5,243.69 4,335.15
Total Income 81,602.46 70,973.17 57,466.26 49,055.18 41,917.50 32,530.05 24,263.36
EXPENDITURE
Interest
Expended 36,166.73 32,629.93 26,074.24 22,652.90 19,253.75 14,989.58 9,385.08
Payments to
and Provisions
for Employees 6,483.66 5,702.20 4,750.96 4,178.98 3,965.38 3,399.91 2,836.04
Depreciation 833.12 705.84 656.3 671.61 651.67 542.52 497.41
Operating
Expenses
(excludes
Employee Cost
& Depreciation) 12,386.55 10,571.66 8,580.29 7,191.61 6,619.07 4,647.64 3,819.46
Total
Operating
Expenses 19,703.34 16,979.70 13,987.54 12,042.20 11,236.12 8,590.06 7,152.91
Provision
Towards Income
Tax 7,916.97 6,507.59 5,204.03 4,269.41 3,275.76 2,606.25 2,237.46
Provision
Towards
Deferred Tax -327.54 -165.88 -91.23 24.27 -251.42 -260.18 -345.2
Provision
Towards Other
Taxes 0 0 0.75 0.75 0.6 0.55 0.6
Other
Provisions and
Contingencies 3,593.31 2,725.61 2,075.01 1,587.27 1,676.40 1,436.70 1,906.11
Total
Provisions and
Contingencies 11,182.74 9,067.32 7,188.56 5,881.70 4,701.34 3,783.32 3,798.97
Total
Expenditure 67,052.82 58,676.96 47,250.34 40,576.80 35,191.21 27,362.96 20,336.96
Net Profit /
Loss for The
Year 14,549.64 12,296.21 10,215.92 8,478.38 6,726.28 5,167.09 3,926.40
Net Profit /
Loss After EI &
Prior Year
Items 14,549.64 12,296.21 10,215.92 8,478.38 6,726.28 5,167.09 3,926.40
[- 37 -]
Profit / Loss
Brought
Forward 23,527.69 18,627.79 14,654.15 11,132.18 8,399.65 6,174.24 4,532.79
Total Profit /
Loss available
for
Appropriations 38,077.33 30,924.01 24,870.07 19,610.56 15,125.93 11,341.33 8,459.20
APPROPRIATIONS
Transfer To /
From Statutory
Reserve 3,637.41 3,074.05 2,553.98 2,119.59 1,681.57 1,291.77 981.6
Transfer To /
From Capital
Reserve 313.41 222.15 224.92 58.27 85.85 0 0.36
Transfer To /
From General
Reserve 1,454.96 1,229.62 1,021.59 847.84 672.63 516.71 392.64
Transfer To /
From
Investment
Reserve 4.29 -8.52 27.54 3.22 17.66 -41.69 15.56
Dividend and
Dividend Tax for
The Previous
Year -1.69 -11.71 0.84 4.85 4.47 2.12 2.65
Equity Share
Dividend 0 2,401.78 2,005.20 1,643.35 1,309.08 1,009.08 767.62
Tax On
Dividend 0 488.95 408.21 279.29 222.48 163.7 124.53
Balance Carried
Over To Balance
Sheet 32,668.94 23,527.69 18,627.79 14,654.15 11,132.18 8,399.65 6,174.24
Total
Appropriations 38,077.33 30,924.01 24,870.07 19,610.56 15,125.93 11,341.33 8,459.20
EARNINGS PER SHARE
Basic EPS (Rs.) 57.18 48.84 42 35.47 28.49 22.11 17
Diluted EPS
(Rs.) 56.43 48.26 42 35.21 28.18 21.91 16.81
DIVIDEND PERCENTAGE
Equity Dividend
Rate (%) 550 475 400 343 275 215 165
[- 38 -]
Balance Sheet of ICICI Bank (in Rs. Cr.)
Mar '17
Mar
'16
Mar
'15
Mar
'14
Mar
'13
Mar
'12
Mar
'11
Mar
'10
Mar
'09
Mar
'08
Capital and Liabilities:
Total
Share
Capital
1,165.1
1
1,163.1
7
1,159.6
6
1,155.0
4
1,153.6
4
1,152.7
7
1,151.8
2
1,114.8
9
1,463.2
9
1,462.6
8
Equity
Share
Capital
1,165.1
1
1,163.1
7
1,159.6
6
1,155.0
4
1,153.6
4
1,152.7
7
1,151.8
2
1,114.8
9
1,113.2
9
1,112.6
8
Share
Applicat
ion
Money 6.26 6.7 7.44 6.57 4.48 2.39 0.29 0 0 0
Reserve
s
95,737.
57
85,748.
24
79,262.
26
72,051.
71
65,547.
84
59,250.
09
53,938.
82
50,503.
48
48,419.
73
45,357.
53
Net
Worth
96,908.
94
86,918
.11
80,429
.36
73,213
.32
66,705
.96
60,405
.25
55,090
.93
51,618
.37
49,883
.02
46,820
.21
Deposits
490,039
.06
421,42
5.71
361,56
2.73
331,91
3.66
292,61
3.63
255,49
9.96
225,60
2.11
202,01
6.60
218,34
7.82
244,43
1.05
Borrowi
ngs
147,556
.15
174,80
7.38
172,41
7.35
154,75
9.05
145,34
1.49
140,16
4.91
109,55
4.28
94,263.
57
67,323.
69
65,648.
43
Total
Debt
637,59
5.21
596,23
3.09
533,98
0.08
486,67
2.71
437,95
5.12
395,66
4.87
335,15
6.39
296,28
0.17
285,67
1.51
310,07
9.48
Other
Liabilitie
s &
Provisio
ns
34,245.
16
34,726.
44
31,719.
86
34,755.
55
32,133.
60
17,576.
98
15,986.
35
15,501.
18
43,746.
43
42,895.
39
Total
Liabilit
ies
768,74
9.31
717,87
7.64
646,12
9.30
594,64
1.58
536,79
4.68
473,64
7.10
406,23
3.67
363,39
9.72
379,30
0.96
399,79
5.08
Assets
Cash &
Balance
s with
RBI
31,702.
41
27,106.
09
25,652.
91
21,821.
83
19,052.
73
20,461.
29
20,906.
97
27,514.
29
17,536.
33
29,377.
53
Balance
with
Banks,
Money
at Call
44,010.
66
32,762.
65
16,651.
71
19,707.
77
22,364.
79
15,768.
02
13,183.
11
11,359.
40
12,430.
23
8,663.6
0
Advanc
es
464,23
2.08
435,26
3.94
387,52
2.07
338,70
2.65
290,24
9.44
253,72
7.66
216,36
5.90
181,20
5.60
218,31
0.85
225,61
6.08
Invest
ments
161,50
6.55
160,41
1.80
186,58
0.03
177,02
1.82
171,39
3.60
159,56
0.04
134,68
5.96
120,89
2.80
103,05
8.31
111,45
4.34
Gross
Block
7,805.2
1
7,576.9
2
4,725.5
2
4,678.1
4
4,647.0
6
4,614.6
9
4,744.2
6
7,114.1
2
7,443.7
1
7,036.0
0
Revalua
tion
Reserve
s
3,042.1
4
2,817.4
7 0 0 0 0 0
3,901.4
3
3,642.0
9
2,927.1
1
Net
Block
4,763.0
7
4,759.
45
4,725.
52
4,678.
14
4,647.
06
4,614.
69
4,744.
26
3,212.
69
3,801.
62
4,108.
89
Other
Assets
62,534.
55
57,573.
70
24,997.
05
32,709.
39
29,087.
07
19,515.
39
16,347.
47
19,214.
93
24,163.
62
20,574.
63
Total
Assets
768,74
9.32
717,87
7.63
646,12
9.29
594,64
1.60
536,79
4.69
473,64
7.09
406,23
3.67
363,39
9.71
379,30
0.96
399,79
5.07
Conting
ent
Liabilitie
s
1,053,6
16.90
922,45
3.51
868,19
0.58
794,96
5.35
802,38
3.84
923,03
7.16
931,65
1.64
694,94
8.84
803,99
1.92
371,73
7.36
Book
Value
(Rs) 166.37 149.47 138.72 634.6 578.65 524.43 479.45 463.01 444.94 417.64
[- 39 -]
ICICI Bank Profit & Loss Account
Mar-17 Mar-16 Mar-15 Mar-14 Mar-13 Mar-12 Mar-11
INCOME
Interest /
Discount on
Advances / Bills 39,603.39 38,943.15 35,631.08 31,427.93 27,341.11 22,129.89 16,424.78
Income from
Investments 11,377.07 10,625.35 11,944.57 11,557.06 11,009.27 9,684.02 7,905.19
Interest on
Balance with
RBI and Other
Inter-Bank
funds 495.46 158.24 195.1 199.98 542.98 491.14 366.77
Others 2,680.35 3,012.69 1,320.39 993.19 1,182.24 1,237.60 1,277.31
Total Interest
Earned 54,156.28 52,739.43 49,091.14 44,178.15 40,075.60 33,542.65 25,974.05
Other Income 19,504.48 15,323.05 12,176.13 10,427.87 8,345.70 7,502.76 6,647.89
Total Income 73,660.76 68,062.49 61,267.27 54,606.02 48,421.30 41,045.41 32,621.95
EXPENDITURE
Interest
Expended 32,418.96 31,515.39 30,051.53 27,702.59 26,209.18 22,808.50 16,957.15
Payments to
and Provisions
for Employees 5,733.71 3,012.69 4,749.88 4,220.11 3,893.29 3,515.28 2,816.93
Depreciation 757.65 679.29 623.89 544.27 457.34 482.27 483.52
Depreciation on
Leased Assets 0 19.22 35.06 31.7 32.82 42.26 78.91
Operating
Expenses
(excludes
Employee Cost
& Depreciation) 8,263.70 8,972.36 6,087.01 5,512.79 4,629.44 3,810.63 3,237.88
Total
Operating
Expenses 14,755.06 12,683.56 11,495.83 10,308.86 9,012.88 7,850.44 6,617.25
Provision
Towards Income
Tax 2,180.12 5,788.61 4,859.14 3,839.50 2,998.20 2,187.42 2,138.11
Provision
Towards
Deferred Tax 702.6 -3,319.18 -219.57 313.19 66.02 144.65 -531.78
Provision
Towards Other
Taxes 0 0 5 5 7 6.1 3
Other
Provisions and
Contingencies 13,802.94 11,667.82 3,899.99 2,626.41 1,802.54 1,583.05 2,286.84
Total
Provisions and
Contingencies 16,685.66 14,137.25 8,544.56 6,784.10 4,873.76 3,921.22 3,896.17
Total
Expenditure 63,859.67 58,336.20 50,091.92 44,795.55 40,095.83 34,580.15 27,470.57
Net Profit /
Loss for The
Year 9,801.09 9,726.29 11,175.35 9,810.48 8,325.47 6,465.26 5,151.38
Net Profit /
Loss After EI &
Prior Year
Items 9,801.09 9,726.29 11,175.35 9,810.48 8,325.47 6,465.26 5,151.38
Profit / Loss
Brought
Forward 17,132.19 17,261.42 13,318.59 9,902.29 7,054.23 5,018.18 3,464.38
[- 40 -]
Total Profit /
Loss available
for
Appropriations 26,933.28 26,987.70 24,493.94 19,712.76 15,379.71 11,483.44 8,615.76
APPROPRIATIONS
Transfer To /
From Statutory
Reserve 2,450.30 2,431.60 2,793.90 2,453.00 2,082.00 1,617.00 1,288.00
Transfer To /
From Reserve
Fund 0.98 0.93 0.77 4.61 2.78 1.07 0.04
Transfer To /
From Special
Reserve 450 1,350.00 1,100.00 900 760 650 525
Transfer To /
From Capital
Reserve 5,293.30 2,382.24 291.93 76 33 38 83.25
Transfer To /
From
Investment
Reserve 0 0 -127 127 0 0.32 0.26
Transfer To /
From Revenue
And Other
Reserves 0 500 0 0 0 0 -116
Dividend and
Dividend Tax for
The Previous
Year -6.24 3.85 2.98 -53.97 0.25 0.43 2.17
Equity Share
Dividend 0 2,907.52 2,898.81 2,656.28 2,307.23 1,902.04 1,612.58
Tax On
Dividend 0 279.37 271.15 231.25 292.16 220.35 202.28
Balance Carried
Over To Balance
Sheet 18,744.94 17,132.19 17,261.42 13,318.59 9,902.29 7,054.23 5,018.18
Total
Appropriations 26,933.28 26,987.70 24,493.94 19,712.76 15,379.71 11,483.44 8,615.76
EARNINGS PER SHARE
Basic EPS (Rs.) 16.84 16.75 19.32 84.99 72.2 56.11 45.27
Diluted EPS
(Rs.) 16.77 16.65 19.13 84.65 71.93 55.95 45.06
DIVIDEND PERCENTAGE
Equity Dividend
Rate (%) 125 250 250 230 200 165 140

Contenu connexe

Tendances

A nexus between liquidity & profitability a study of trading companies in sri...
A nexus between liquidity & profitability a study of trading companies in sri...A nexus between liquidity & profitability a study of trading companies in sri...
A nexus between liquidity & profitability a study of trading companies in sri...Alexander Decker
 
A STUDY ON THE FINANCIAL PERFORMANCE OF FOREIGN COMMERCIAL BANKS IN SRI LANKA...
A STUDY ON THE FINANCIAL PERFORMANCE OF FOREIGN COMMERCIAL BANKS IN SRI LANKA...A STUDY ON THE FINANCIAL PERFORMANCE OF FOREIGN COMMERCIAL BANKS IN SRI LANKA...
A STUDY ON THE FINANCIAL PERFORMANCE OF FOREIGN COMMERCIAL BANKS IN SRI LANKA...ectijjournal
 
Liquidity Management and Its Impact on Banks Profitability: A Perspective 0f ...
Liquidity Management and Its Impact on Banks Profitability: A Perspective 0f ...Liquidity Management and Its Impact on Banks Profitability: A Perspective 0f ...
Liquidity Management and Its Impact on Banks Profitability: A Perspective 0f ...inventionjournals
 
Assessing the effect of liquidity on profitability of commercial banks in kenya
Assessing the effect of liquidity on profitability of commercial banks in kenyaAssessing the effect of liquidity on profitability of commercial banks in kenya
Assessing the effect of liquidity on profitability of commercial banks in kenyaAlexander Decker
 
Determinants of commercial banks profitability panel data evidence from pakistan
Determinants of commercial banks profitability panel data evidence from pakistanDeterminants of commercial banks profitability panel data evidence from pakistan
Determinants of commercial banks profitability panel data evidence from pakistanAlexander Decker
 
A Study on Relationship between Firm Size and Profitability: Selected Private...
A Study on Relationship between Firm Size and Profitability: Selected Private...A Study on Relationship between Firm Size and Profitability: Selected Private...
A Study on Relationship between Firm Size and Profitability: Selected Private...ijtsrd
 
052 om c-dhanapal&gganesan-measuring_operational_efficiency_of (1) (1)
052 om c-dhanapal&gganesan-measuring_operational_efficiency_of (1) (1)052 om c-dhanapal&gganesan-measuring_operational_efficiency_of (1) (1)
052 om c-dhanapal&gganesan-measuring_operational_efficiency_of (1) (1)Anil Aks
 
CREDIT QUALITY IN INDIAN BANKING :QUANTITATIVE EVALUATION
CREDIT QUALITY IN INDIAN BANKING :QUANTITATIVE EVALUATIONCREDIT QUALITY IN INDIAN BANKING :QUANTITATIVE EVALUATION
CREDIT QUALITY IN INDIAN BANKING :QUANTITATIVE EVALUATIONDinabandhu Bag
 
Analysis of financial Statements
Analysis of financial StatementsAnalysis of financial Statements
Analysis of financial Statementssyeda asfa tabassum
 
The Impact of Liquidity on Profitability on Selected Banks of Bangladesh
The Impact of Liquidity on Profitability on Selected Banks of Bangladesh The Impact of Liquidity on Profitability on Selected Banks of Bangladesh
The Impact of Liquidity on Profitability on Selected Banks of Bangladesh Samia Ibrahim
 
Market Response with Special Reference to Cash Reserve Ratio: An Event Study ...
Market Response with Special Reference to Cash Reserve Ratio: An Event Study ...Market Response with Special Reference to Cash Reserve Ratio: An Event Study ...
Market Response with Special Reference to Cash Reserve Ratio: An Event Study ...Mohammad Irfan
 
Market Response with Special Reference to Cash Reserve Ratio: An Event Study ...
Market Response with Special Reference to Cash Reserve Ratio: An Event Study ...Market Response with Special Reference to Cash Reserve Ratio: An Event Study ...
Market Response with Special Reference to Cash Reserve Ratio: An Event Study ...Mohammad Irfan
 
Financial analysis on recession period conducted at mahindra & mahindra tractors
Financial analysis on recession period conducted at mahindra & mahindra tractorsFinancial analysis on recession period conducted at mahindra & mahindra tractors
Financial analysis on recession period conducted at mahindra & mahindra tractorsProjects Kart
 
Researched lm
Researched lmResearched lm
Researched lmrvamith
 
A440104
A440104A440104
A440104aijbm
 

Tendances (20)

A nexus between liquidity & profitability a study of trading companies in sri...
A nexus between liquidity & profitability a study of trading companies in sri...A nexus between liquidity & profitability a study of trading companies in sri...
A nexus between liquidity & profitability a study of trading companies in sri...
 
A STUDY ON THE FINANCIAL PERFORMANCE OF FOREIGN COMMERCIAL BANKS IN SRI LANKA...
A STUDY ON THE FINANCIAL PERFORMANCE OF FOREIGN COMMERCIAL BANKS IN SRI LANKA...A STUDY ON THE FINANCIAL PERFORMANCE OF FOREIGN COMMERCIAL BANKS IN SRI LANKA...
A STUDY ON THE FINANCIAL PERFORMANCE OF FOREIGN COMMERCIAL BANKS IN SRI LANKA...
 
Liquidity Management and Its Impact on Banks Profitability: A Perspective 0f ...
Liquidity Management and Its Impact on Banks Profitability: A Perspective 0f ...Liquidity Management and Its Impact on Banks Profitability: A Perspective 0f ...
Liquidity Management and Its Impact on Banks Profitability: A Perspective 0f ...
 
Financial Ratio Analysis To Assess The Financial Performance At Islamic Rural...
Financial Ratio Analysis To Assess The Financial Performance At Islamic Rural...Financial Ratio Analysis To Assess The Financial Performance At Islamic Rural...
Financial Ratio Analysis To Assess The Financial Performance At Islamic Rural...
 
Assessing the effect of liquidity on profitability of commercial banks in kenya
Assessing the effect of liquidity on profitability of commercial banks in kenyaAssessing the effect of liquidity on profitability of commercial banks in kenya
Assessing the effect of liquidity on profitability of commercial banks in kenya
 
Analysis of the Factors on the Performance of Regional Development Banks in I...
Analysis of the Factors on the Performance of Regional Development Banks in I...Analysis of the Factors on the Performance of Regional Development Banks in I...
Analysis of the Factors on the Performance of Regional Development Banks in I...
 
Determinants of commercial banks profitability panel data evidence from pakistan
Determinants of commercial banks profitability panel data evidence from pakistanDeterminants of commercial banks profitability panel data evidence from pakistan
Determinants of commercial banks profitability panel data evidence from pakistan
 
A Study on Relationship between Firm Size and Profitability: Selected Private...
A Study on Relationship between Firm Size and Profitability: Selected Private...A Study on Relationship between Firm Size and Profitability: Selected Private...
A Study on Relationship between Firm Size and Profitability: Selected Private...
 
052 om c-dhanapal&gganesan-measuring_operational_efficiency_of (1) (1)
052 om c-dhanapal&gganesan-measuring_operational_efficiency_of (1) (1)052 om c-dhanapal&gganesan-measuring_operational_efficiency_of (1) (1)
052 om c-dhanapal&gganesan-measuring_operational_efficiency_of (1) (1)
 
Internal Factors Influencing the Profitability of Commercial Banks in Bangladesh
Internal Factors Influencing the Profitability of Commercial Banks in BangladeshInternal Factors Influencing the Profitability of Commercial Banks in Bangladesh
Internal Factors Influencing the Profitability of Commercial Banks in Bangladesh
 
Alphonsa Carisma - 3BR14MBA05 (project)
Alphonsa Carisma - 3BR14MBA05 (project)Alphonsa Carisma - 3BR14MBA05 (project)
Alphonsa Carisma - 3BR14MBA05 (project)
 
CREDIT QUALITY IN INDIAN BANKING :QUANTITATIVE EVALUATION
CREDIT QUALITY IN INDIAN BANKING :QUANTITATIVE EVALUATIONCREDIT QUALITY IN INDIAN BANKING :QUANTITATIVE EVALUATION
CREDIT QUALITY IN INDIAN BANKING :QUANTITATIVE EVALUATION
 
Analysis of financial Statements
Analysis of financial StatementsAnalysis of financial Statements
Analysis of financial Statements
 
The Impact of Liquidity on Profitability on Selected Banks of Bangladesh
The Impact of Liquidity on Profitability on Selected Banks of Bangladesh The Impact of Liquidity on Profitability on Selected Banks of Bangladesh
The Impact of Liquidity on Profitability on Selected Banks of Bangladesh
 
Market Response with Special Reference to Cash Reserve Ratio: An Event Study ...
Market Response with Special Reference to Cash Reserve Ratio: An Event Study ...Market Response with Special Reference to Cash Reserve Ratio: An Event Study ...
Market Response with Special Reference to Cash Reserve Ratio: An Event Study ...
 
Market Response with Special Reference to Cash Reserve Ratio: An Event Study ...
Market Response with Special Reference to Cash Reserve Ratio: An Event Study ...Market Response with Special Reference to Cash Reserve Ratio: An Event Study ...
Market Response with Special Reference to Cash Reserve Ratio: An Event Study ...
 
Financial analysis on recession period conducted at mahindra & mahindra tractors
Financial analysis on recession period conducted at mahindra & mahindra tractorsFinancial analysis on recession period conducted at mahindra & mahindra tractors
Financial analysis on recession period conducted at mahindra & mahindra tractors
 
Performance Analysis through Financial Modelling
Performance Analysis through Financial ModellingPerformance Analysis through Financial Modelling
Performance Analysis through Financial Modelling
 
Researched lm
Researched lmResearched lm
Researched lm
 
A440104
A440104A440104
A440104
 

Similaire à Research paper on NIM

Financial Performance Analysis of Selected Private Sector Banks in India
Financial Performance Analysis of Selected Private Sector Banks in IndiaFinancial Performance Analysis of Selected Private Sector Banks in India
Financial Performance Analysis of Selected Private Sector Banks in IndiaDr. Amarjeet Singh
 
An Impact of Capital Adequacy Ratio on the Profitability of Private Sector Ba...
An Impact of Capital Adequacy Ratio on the Profitability of Private Sector Ba...An Impact of Capital Adequacy Ratio on the Profitability of Private Sector Ba...
An Impact of Capital Adequacy Ratio on the Profitability of Private Sector Ba...Dr. Amarjeet Singh
 
Ankush final synopsis
Ankush final synopsisAnkush final synopsis
Ankush final synopsisAnkush Goyal
 
The effect of loan to deposit ratio(LDR), interest income ratio, and non-inte...
The effect of loan to deposit ratio(LDR), interest income ratio, and non-inte...The effect of loan to deposit ratio(LDR), interest income ratio, and non-inte...
The effect of loan to deposit ratio(LDR), interest income ratio, and non-inte...AJHSSR Journal
 
A study on effect of liquidity management on profitability with select privat...
A study on effect of liquidity management on profitability with select privat...A study on effect of liquidity management on profitability with select privat...
A study on effect of liquidity management on profitability with select privat...Supriya Mondal
 
Liquidity Management and Its Impact on Banks Profitability: A Perspective 0f ...
Liquidity Management and Its Impact on Banks Profitability: A Perspective 0f ...Liquidity Management and Its Impact on Banks Profitability: A Perspective 0f ...
Liquidity Management and Its Impact on Banks Profitability: A Perspective 0f ...inventionjournals
 
Doon business school pnb
Doon business school pnbDoon business school pnb
Doon business school pnbRagneeChauhan
 
D4115965.pdf
D4115965.pdfD4115965.pdf
D4115965.pdfaijbm
 
1411-Article Text-5914-1-10-20220221.pdf
1411-Article Text-5914-1-10-20220221.pdf1411-Article Text-5914-1-10-20220221.pdf
1411-Article Text-5914-1-10-20220221.pdfDR BHADRAPPA HARALAYYA
 
Literature Review new.docx
Literature Review new.docxLiterature Review new.docx
Literature Review new.docxvidhyavijayan25
 
IRE 1702767 PAPER STUDY ON NON PERFORMING ASSETS OF PUBLIC SECTOR BANKS.pdf
IRE 1702767 PAPER STUDY ON NON PERFORMING ASSETS OF PUBLIC SECTOR BANKS.pdfIRE 1702767 PAPER STUDY ON NON PERFORMING ASSETS OF PUBLIC SECTOR BANKS.pdf
IRE 1702767 PAPER STUDY ON NON PERFORMING ASSETS OF PUBLIC SECTOR BANKS.pdfDR BHADRAPPA HARALAYYA
 
IJSRED-V2I2P23
IJSRED-V2I2P23IJSRED-V2I2P23
IJSRED-V2I2P23IJSRED
 
IRE-1702750 Study on Model and Camel Analysis of Banking.pdf
IRE-1702750 Study on Model and Camel Analysis of Banking.pdfIRE-1702750 Study on Model and Camel Analysis of Banking.pdf
IRE-1702750 Study on Model and Camel Analysis of Banking.pdfDR BHADRAPPA HARALAYYA
 
Financial appraisal of commercial banks in india a post reforms asessment
Financial appraisal of commercial banks in india a post reforms asessmentFinancial appraisal of commercial banks in india a post reforms asessment
Financial appraisal of commercial banks in india a post reforms asessmentAlexander Decker
 
Asset Quality And Financial Performance Of Commercial Banks In Kenya
Asset Quality And Financial Performance Of Commercial Banks In KenyaAsset Quality And Financial Performance Of Commercial Banks In Kenya
Asset Quality And Financial Performance Of Commercial Banks In KenyaRichard Hogue
 
Determinants of Capital Structure in Indonesian Banking Sector
Determinants of Capital Structure in Indonesian Banking Sector Determinants of Capital Structure in Indonesian Banking Sector
Determinants of Capital Structure in Indonesian Banking Sector inventionjournals
 
Financial Performance Analysis Of Janata Bank Limited
Financial Performance Analysis Of Janata Bank LimitedFinancial Performance Analysis Of Janata Bank Limited
Financial Performance Analysis Of Janata Bank LimitedHasnan Imtiaz
 
certificate of paper publication hariharan3900
certificate of paper publication   hariharan3900certificate of paper publication   hariharan3900
certificate of paper publication hariharan3900hariharan n
 
ANALYSIS OF BANK MANDIRI S HEALTH LEVEL BASED ON RISK PROFILE, GOOD CORPORATE...
ANALYSIS OF BANK MANDIRI S HEALTH LEVEL BASED ON RISK PROFILE, GOOD CORPORATE...ANALYSIS OF BANK MANDIRI S HEALTH LEVEL BASED ON RISK PROFILE, GOOD CORPORATE...
ANALYSIS OF BANK MANDIRI S HEALTH LEVEL BASED ON RISK PROFILE, GOOD CORPORATE...indexPub
 

Similaire à Research paper on NIM (20)

Financial Performance Analysis of Selected Private Sector Banks in India
Financial Performance Analysis of Selected Private Sector Banks in IndiaFinancial Performance Analysis of Selected Private Sector Banks in India
Financial Performance Analysis of Selected Private Sector Banks in India
 
An Impact of Capital Adequacy Ratio on the Profitability of Private Sector Ba...
An Impact of Capital Adequacy Ratio on the Profitability of Private Sector Ba...An Impact of Capital Adequacy Ratio on the Profitability of Private Sector Ba...
An Impact of Capital Adequacy Ratio on the Profitability of Private Sector Ba...
 
Ankush final synopsis
Ankush final synopsisAnkush final synopsis
Ankush final synopsis
 
The effect of loan to deposit ratio(LDR), interest income ratio, and non-inte...
The effect of loan to deposit ratio(LDR), interest income ratio, and non-inte...The effect of loan to deposit ratio(LDR), interest income ratio, and non-inte...
The effect of loan to deposit ratio(LDR), interest income ratio, and non-inte...
 
A study on effect of liquidity management on profitability with select privat...
A study on effect of liquidity management on profitability with select privat...A study on effect of liquidity management on profitability with select privat...
A study on effect of liquidity management on profitability with select privat...
 
Liquidity Management and Its Impact on Banks Profitability: A Perspective 0f ...
Liquidity Management and Its Impact on Banks Profitability: A Perspective 0f ...Liquidity Management and Its Impact on Banks Profitability: A Perspective 0f ...
Liquidity Management and Its Impact on Banks Profitability: A Perspective 0f ...
 
Doon business school pnb
Doon business school pnbDoon business school pnb
Doon business school pnb
 
D4115965.pdf
D4115965.pdfD4115965.pdf
D4115965.pdf
 
1411-Article Text-5914-1-10-20220221.pdf
1411-Article Text-5914-1-10-20220221.pdf1411-Article Text-5914-1-10-20220221.pdf
1411-Article Text-5914-1-10-20220221.pdf
 
Literature Review new.docx
Literature Review new.docxLiterature Review new.docx
Literature Review new.docx
 
IRE 1702767 PAPER STUDY ON NON PERFORMING ASSETS OF PUBLIC SECTOR BANKS.pdf
IRE 1702767 PAPER STUDY ON NON PERFORMING ASSETS OF PUBLIC SECTOR BANKS.pdfIRE 1702767 PAPER STUDY ON NON PERFORMING ASSETS OF PUBLIC SECTOR BANKS.pdf
IRE 1702767 PAPER STUDY ON NON PERFORMING ASSETS OF PUBLIC SECTOR BANKS.pdf
 
IJSRED-V2I2P23
IJSRED-V2I2P23IJSRED-V2I2P23
IJSRED-V2I2P23
 
G0321045053
G0321045053G0321045053
G0321045053
 
IRE-1702750 Study on Model and Camel Analysis of Banking.pdf
IRE-1702750 Study on Model and Camel Analysis of Banking.pdfIRE-1702750 Study on Model and Camel Analysis of Banking.pdf
IRE-1702750 Study on Model and Camel Analysis of Banking.pdf
 
Financial appraisal of commercial banks in india a post reforms asessment
Financial appraisal of commercial banks in india a post reforms asessmentFinancial appraisal of commercial banks in india a post reforms asessment
Financial appraisal of commercial banks in india a post reforms asessment
 
Asset Quality And Financial Performance Of Commercial Banks In Kenya
Asset Quality And Financial Performance Of Commercial Banks In KenyaAsset Quality And Financial Performance Of Commercial Banks In Kenya
Asset Quality And Financial Performance Of Commercial Banks In Kenya
 
Determinants of Capital Structure in Indonesian Banking Sector
Determinants of Capital Structure in Indonesian Banking Sector Determinants of Capital Structure in Indonesian Banking Sector
Determinants of Capital Structure in Indonesian Banking Sector
 
Financial Performance Analysis Of Janata Bank Limited
Financial Performance Analysis Of Janata Bank LimitedFinancial Performance Analysis Of Janata Bank Limited
Financial Performance Analysis Of Janata Bank Limited
 
certificate of paper publication hariharan3900
certificate of paper publication   hariharan3900certificate of paper publication   hariharan3900
certificate of paper publication hariharan3900
 
ANALYSIS OF BANK MANDIRI S HEALTH LEVEL BASED ON RISK PROFILE, GOOD CORPORATE...
ANALYSIS OF BANK MANDIRI S HEALTH LEVEL BASED ON RISK PROFILE, GOOD CORPORATE...ANALYSIS OF BANK MANDIRI S HEALTH LEVEL BASED ON RISK PROFILE, GOOD CORPORATE...
ANALYSIS OF BANK MANDIRI S HEALTH LEVEL BASED ON RISK PROFILE, GOOD CORPORATE...
 

Dernier

ChistaDATA Real-Time DATA Analytics Infrastructure
ChistaDATA Real-Time DATA Analytics InfrastructureChistaDATA Real-Time DATA Analytics Infrastructure
ChistaDATA Real-Time DATA Analytics Infrastructuresonikadigital1
 
MEASURES OF DISPERSION I BSc Botany .ppt
MEASURES OF DISPERSION I BSc Botany .pptMEASURES OF DISPERSION I BSc Botany .ppt
MEASURES OF DISPERSION I BSc Botany .pptaigil2
 
Master's Thesis - Data Science - Presentation
Master's Thesis - Data Science - PresentationMaster's Thesis - Data Science - Presentation
Master's Thesis - Data Science - PresentationGiorgio Carbone
 
Persuasive E-commerce, Our Biased Brain @ Bikkeldag 2024
Persuasive E-commerce, Our Biased Brain @ Bikkeldag 2024Persuasive E-commerce, Our Biased Brain @ Bikkeldag 2024
Persuasive E-commerce, Our Biased Brain @ Bikkeldag 2024Guido X Jansen
 
SFBA Splunk Usergroup meeting March 13, 2024
SFBA Splunk Usergroup meeting March 13, 2024SFBA Splunk Usergroup meeting March 13, 2024
SFBA Splunk Usergroup meeting March 13, 2024Becky Burwell
 
How is Real-Time Analytics Different from Traditional OLAP?
How is Real-Time Analytics Different from Traditional OLAP?How is Real-Time Analytics Different from Traditional OLAP?
How is Real-Time Analytics Different from Traditional OLAP?sonikadigital1
 
The Universal GTM - how we design GTM and dataLayer
The Universal GTM - how we design GTM and dataLayerThe Universal GTM - how we design GTM and dataLayer
The Universal GTM - how we design GTM and dataLayerPavel Šabatka
 
AI for Sustainable Development Goals (SDGs)
AI for Sustainable Development Goals (SDGs)AI for Sustainable Development Goals (SDGs)
AI for Sustainable Development Goals (SDGs)Data & Analytics Magazin
 
5 Ds to Define Data Archiving Best Practices
5 Ds to Define Data Archiving Best Practices5 Ds to Define Data Archiving Best Practices
5 Ds to Define Data Archiving Best PracticesDataArchiva
 
Elements of language learning - an analysis of how different elements of lang...
Elements of language learning - an analysis of how different elements of lang...Elements of language learning - an analysis of how different elements of lang...
Elements of language learning - an analysis of how different elements of lang...PrithaVashisht1
 
Cash Is Still King: ATM market research '2023
Cash Is Still King: ATM market research '2023Cash Is Still King: ATM market research '2023
Cash Is Still King: ATM market research '2023Vladislav Solodkiy
 
YourView Panel Book.pptx YourView Panel Book.
YourView Panel Book.pptx YourView Panel Book.YourView Panel Book.pptx YourView Panel Book.
YourView Panel Book.pptx YourView Panel Book.JasonViviers2
 
Mapping the pubmed data under different suptopics using NLP.pptx
Mapping the pubmed data under different suptopics using NLP.pptxMapping the pubmed data under different suptopics using NLP.pptx
Mapping the pubmed data under different suptopics using NLP.pptxVenkatasubramani13
 
CI, CD -Tools to integrate without manual intervention
CI, CD -Tools to integrate without manual interventionCI, CD -Tools to integrate without manual intervention
CI, CD -Tools to integrate without manual interventionajayrajaganeshkayala
 
Virtuosoft SmartSync Product Introduction
Virtuosoft SmartSync Product IntroductionVirtuosoft SmartSync Product Introduction
Virtuosoft SmartSync Product Introductionsanjaymuralee1
 
Strategic CX: A Deep Dive into Voice of the Customer Insights for Clarity
Strategic CX: A Deep Dive into Voice of the Customer Insights for ClarityStrategic CX: A Deep Dive into Voice of the Customer Insights for Clarity
Strategic CX: A Deep Dive into Voice of the Customer Insights for ClarityAggregage
 
TINJUAN PEMROSESAN TRANSAKSI DAN ERP.pptx
TINJUAN PEMROSESAN TRANSAKSI DAN ERP.pptxTINJUAN PEMROSESAN TRANSAKSI DAN ERP.pptx
TINJUAN PEMROSESAN TRANSAKSI DAN ERP.pptxDwiAyuSitiHartinah
 

Dernier (17)

ChistaDATA Real-Time DATA Analytics Infrastructure
ChistaDATA Real-Time DATA Analytics InfrastructureChistaDATA Real-Time DATA Analytics Infrastructure
ChistaDATA Real-Time DATA Analytics Infrastructure
 
MEASURES OF DISPERSION I BSc Botany .ppt
MEASURES OF DISPERSION I BSc Botany .pptMEASURES OF DISPERSION I BSc Botany .ppt
MEASURES OF DISPERSION I BSc Botany .ppt
 
Master's Thesis - Data Science - Presentation
Master's Thesis - Data Science - PresentationMaster's Thesis - Data Science - Presentation
Master's Thesis - Data Science - Presentation
 
Persuasive E-commerce, Our Biased Brain @ Bikkeldag 2024
Persuasive E-commerce, Our Biased Brain @ Bikkeldag 2024Persuasive E-commerce, Our Biased Brain @ Bikkeldag 2024
Persuasive E-commerce, Our Biased Brain @ Bikkeldag 2024
 
SFBA Splunk Usergroup meeting March 13, 2024
SFBA Splunk Usergroup meeting March 13, 2024SFBA Splunk Usergroup meeting March 13, 2024
SFBA Splunk Usergroup meeting March 13, 2024
 
How is Real-Time Analytics Different from Traditional OLAP?
How is Real-Time Analytics Different from Traditional OLAP?How is Real-Time Analytics Different from Traditional OLAP?
How is Real-Time Analytics Different from Traditional OLAP?
 
The Universal GTM - how we design GTM and dataLayer
The Universal GTM - how we design GTM and dataLayerThe Universal GTM - how we design GTM and dataLayer
The Universal GTM - how we design GTM and dataLayer
 
AI for Sustainable Development Goals (SDGs)
AI for Sustainable Development Goals (SDGs)AI for Sustainable Development Goals (SDGs)
AI for Sustainable Development Goals (SDGs)
 
5 Ds to Define Data Archiving Best Practices
5 Ds to Define Data Archiving Best Practices5 Ds to Define Data Archiving Best Practices
5 Ds to Define Data Archiving Best Practices
 
Elements of language learning - an analysis of how different elements of lang...
Elements of language learning - an analysis of how different elements of lang...Elements of language learning - an analysis of how different elements of lang...
Elements of language learning - an analysis of how different elements of lang...
 
Cash Is Still King: ATM market research '2023
Cash Is Still King: ATM market research '2023Cash Is Still King: ATM market research '2023
Cash Is Still King: ATM market research '2023
 
YourView Panel Book.pptx YourView Panel Book.
YourView Panel Book.pptx YourView Panel Book.YourView Panel Book.pptx YourView Panel Book.
YourView Panel Book.pptx YourView Panel Book.
 
Mapping the pubmed data under different suptopics using NLP.pptx
Mapping the pubmed data under different suptopics using NLP.pptxMapping the pubmed data under different suptopics using NLP.pptx
Mapping the pubmed data under different suptopics using NLP.pptx
 
CI, CD -Tools to integrate without manual intervention
CI, CD -Tools to integrate without manual interventionCI, CD -Tools to integrate without manual intervention
CI, CD -Tools to integrate without manual intervention
 
Virtuosoft SmartSync Product Introduction
Virtuosoft SmartSync Product IntroductionVirtuosoft SmartSync Product Introduction
Virtuosoft SmartSync Product Introduction
 
Strategic CX: A Deep Dive into Voice of the Customer Insights for Clarity
Strategic CX: A Deep Dive into Voice of the Customer Insights for ClarityStrategic CX: A Deep Dive into Voice of the Customer Insights for Clarity
Strategic CX: A Deep Dive into Voice of the Customer Insights for Clarity
 
TINJUAN PEMROSESAN TRANSAKSI DAN ERP.pptx
TINJUAN PEMROSESAN TRANSAKSI DAN ERP.pptxTINJUAN PEMROSESAN TRANSAKSI DAN ERP.pptx
TINJUAN PEMROSESAN TRANSAKSI DAN ERP.pptx
 

Research paper on NIM

  • 1. [- 1 -] ABSTRACT Net Interest Margin (NIM) of commercial banks varies from economy to economy due to variation in country, industry and firms specific factors. This study aims to assess and identify the determinants of NIM in the Indian banking industry. It mainly used unbalanced panel data collected from annual reports commercial banks and the National Bank of India for the period 2008 to 2017. In addition, expert opinions are obtained from officials operating in both private and public banks and used to examine the effects of changes in internal and external factors on the performance of banks. M.S-Excel has been used for data analysis. In this study, assessment was made to identify determinants of NIM, which is the ratio of net interest income to earning assets using panel data. Both qualitative and empirical technique is used in the study. Both internal and external factors that affect NIM of commercial banks are considered in the study. Estimation results of the study revealed that cost efficiency, implicit interest payment, competition, and scale efficiency have positive and significant effect on NIM. However, liquidity risk and management efficiency has negative and significant effect on NIM. On the other hand, credit risk, interest rate risk, capital risk, inflation and economic growth do not seem to have significant impact on banks’ performance. Keywords: Net Interest Margin, Banking Industry, Macroeconomic Variables, Banking Performance INTRODUCTION Finance is an integral part of any financial system and allows businesses to take advantage of opportunities. Financial institutions are important in managing and circulating fund within the economy. In doing so, financial institutions contribute towards economic growth and efficiency of a country through optimal allocation of resources. They provide platform for continuous restructuring of the economy through reallocating financial resources to the fastest growing sectors. For financial institutions to play their expected role, a well functioning financial system is a must, as a weak financial system is one of the reasons for many countries to remain poor. Under developing economies like India where the financial sector is largely dominated by banks, the effective and efficient functioning of the banking sector plays significant role in accelerating economic growth. In order to achieve the goal of efficient allocation of resources, the intermediation role of banks should be carried out at the lowest possible cost. However, studies conducted to assess the effect of intermediation cost (interest margin) of banks in different parts of the world show variations. The main reason behind this variation associated with both internal and external factors such as credit risk, liquidity risk, interest rate risk, cost efficiency, management quality, competition, inflation, GDP growth, etc. and change in any of these factors leads to change in interest margin and economic growth.
  • 2. [- 2 -] The NIM ratio measures the profit a company makes on its investing activities as a percentage of total investing assets. Banks and other financial institutions typically use this ratio to analyze their investment decisions and track the profitability of their lending operations. This way they can adjust their lending practices to maximize profitability. Investment firms also use this margin to measure the success of a fund manager’s investment decision-making. A positive percentage indicates that the fund manager made good decisions and was able to a profit on his investments. A negative ratio, on the other hand, means the fund manager lost money on his investments because the interest expenses exceeded the investment earnings. Let’s take a look at how to calculate the net interest margin ratio. FORMULA The net interest margin formula is calculated by dividing the difference of investment income and interest expenses by the average earning assets. Net Interest Margin = (Investment Income – Interest Expenses) / Average Earning Assets Definition: Net Interest Margin (NIM) is a profitability ratio that measures how well a company is making investment decisions by comparing the income, expenses, and debt of these investments. In other words, this ratio calculates how much money an investment firm or bank is making on its investing operations. This is similar to the gross margin of a regular company. Net interest margin is similar in concept to net interest spread, but the net interest spread is the nominal average difference between the borrowing and the lending rates, without compensating for the fact that the earning assets and the borrowed funds may be different instruments and differ in volume.
  • 3. [- 3 -] LITERATURE REVIEW Dr. Virender Koundal (2012) concludes that commercial banks in India get favorable effects because of the various reforms. Even though the overall profitability has also improved, the major benefit is taken by the private sector banks and foreign banks whereas public sector banks are still lagging behind on various financial parameters. Seema Malik (2014) has analyzed the effect of technology on transformation of banking in India and also studied the benefits and challenges of changing banking trends. Technology and financial innovations have led to tremendous improvement in banking services and operations over the past decade. Survival, growth and profitability of banks depend upon the organizational effectiveness and operational efficiency in today's competitive scenario where customers ‘needs are changing everyday and technology is touching new highs. Indian Brand Equity Foundation (2015) has studied that Indian banks are focusing on adopting an integrated approach to risk management. Banks have already embraced the international banking supervision accord of Basel II. According to RBI, majority of the banks already meet with the capital requirements of Basel III, which has a deadline of March 31, 2019. Most of the banks have put in place the framework for asset-liability match, credit and derivatives risk management. As per their report, rising incomes are expected to increase the need for banking services in rural areas which will positively affect the growth of the banking sector. The RBI has relaxed its branch licensing policy which emphasized the need to focus on spreading the reach of banking Services to the un-banked population of India. Brock et al., (2000): The cost of funding affects the investment potential and capital allocation of the banks. The increasing cost of intermediation negatively affects the growth potential of the economy. The increasing financial intermediation cost affects banks’ profitability and thus, being a reason for decreasing efficiency of the banking sector as a whole. High interest margin is also considered ‘negatively’ as it leads to ‘disintermediation. Research Gap After the studying above literature following research gap has been observed, the research on NIM did not happened after Dr.Virender Koundal (2012) research paper. So, since last 5 years the research on NIM has not been done.
  • 4. [- 4 -] OBJECTIVES OF THE RESEARCH  To understand NIM.  To study the profitability of 08 Selected Indian public and private Sector banks.  To find out impact of NIM on ROA. RESEARCH METHODOLOGY RESEARCH TYPE: Analytical Research has used for the research. Researcher has to use facts or information already available, and analyze them to make a critical evaluation of the material. It involves the in-depth study and evaluation of available information in attempts to explain complex phenomenon. SAMPLING METHOD: Researcher wanted to find out characteristics of a population and the objective of the study. Hence, Purposive sampling method has used. Purposive sampling is also known as judgmental, selective, or subjective sampling. SELECTION OF SAMPLE: The Indian Banks were selected for the study. Researcher has undertaken top 4 public banks and private banks each for the study. While selecting the banks researcher consider their market capitalization and market shares. Public Banks Market Shares Market Capitalization Private Banks Market Shares Market Capitalization SBI 23% 221,954.49 Cr AXIS 17.82% 139082.97 Cr BOM 14.40% 3702.8 Cr KOTAK 30.02% 222,208.14 Cr BOB 18% 39828.25 Cr HDFC 19% 503,097.17 Cr BOI 17.70% 19207.62 Cr ICICI 24.88% 184,744.18 Cr SAMPLE SIZE: 08 Indian Banks (04 Public and 04 private sector Banks) PUBLIC BANKS- PRIVATE BANKS- STATE BANK OF INDIA AXIS BANK BANK OF MAHARASHTRA KOTAK MAHINDRA BANK BANK OF BARODA HDFC BANK BANK OF INDIA ICICI BANK DATA COLLECTION - Secondary Data
  • 5. [- 5 -] Instruments used for data collection-  Annual Reports of 04 Public and 04 private sector Banks  Websites- https://www.moneycontrol.com/ PERIOD OF STUDY: Researcher has undertaken 10 years financial data of selected banks i.e. 2008-2017 for the study. TOOLS USED FOR DATA ANALYSIS A research design is a plan according to which observations are made and data is assembled. The Present study is based on the secondary data and analytical in nature. For measuring various phenomena and analyzing the collected data effectively and efficiently to draw sound conclusions, certain statistical techniques were used. Trend analysis, graphical analysis and descriptive statistics like as Mean has been used. Also researcher used the tools like MS-Excel for analysis purpose. FORMULA- Net Interest Margin = (Investment Income – Interest Expenses) / Average Earning Assets
  • 6. [- 6 -] DATA ANALYSIS AND INTERPRITATION PUBLIC SECTOR BANKS- STATE BANK OF INDIA Table No. 01- NIM of State Bank of India Year Interest Income Interest Expenses Net Interest Income Total Assets NIM % ROA 2017 175,518.24 113,658.50 61,859.74 2,674,380.65 2.31 0.41 2016 163,685.31 106,803.49 56,881.82 2,259,063.05 2.52 0.46 2015 152,397.07 97,381.82 55,015.25 2,048,079.80 2.69 0.76 2014 136,350.80 87,068.63 49,282.17 1,792,234.60 2.75 0.65 2013 119,657.10 75,325.80 44,331.30 1,566,261.03 2.83 0.91 2012 106,521.45 63,230.37 43,291.08 1,335,519.24 3.24 0.88 2011 81,394.36 48,867.96 32,526.40 1,223,736.21 2.66 0.71 2010 70,993.92 47,322.48 23,671.44 1,053,413.74 2.25 0.88 2009 63,788.43 42,915.29 20,873.14 964,432.08 2.16 1.04 2008 48,950.31 31,929.08 17,021.23 721,526.32 2.36 1.01 Mean 2.58 Graph No. 01- NIM of State Bank of India Interpretation: From the above Table No. 01 it has been observed that, the NIM averaged 2.58%, highest was 3.24% in the year 2012 and lowest was 2.16% in the year 2009. It has been seen that decreasing trend of the NIM since 2013 due to increasing NPA from same period and it’s also resulted on Return on Asset. The ROA in the year 2016 was 0.46% and it became 0.41% in 2017 because decreasing NPA. The low margin is partly affected by a very low return on the investment portion of the balance sheet. However, we have also seen decrease spread on loan and deposit rates over the past five years. 2.31 2.52 2.69 2.75 2.83 3.24 2.66 2.25 2.16 2.36 0.00 0.50 1.00 1.50 2.00 2.50 3.00 3.50 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008
  • 7. [- 7 -] BANK OF MAHARASHTRA Table No. 02- NIM: Bank of Maharashtra Year Interest Income Interest Expenses Net Interest Income Total Assets NIM % ROA 2017 12,061.96 8,887.27 3,174.69 158,117.52 2.01 -0.86 2016 13,052.99 9,174.29 3,878.70 159,661.55 2.43 0.07 2015 12,665.44 8,790.40 3,875.04 144,640.65 2.68 0.33 2014 11,956.66 8,447.73 3,508.93 135,254.47 2.59 0.3 2013 9,613.43 6,580.08 3,033.35 115,832.53 2.62 0.74 2012 7,213.96 4,696.88 2,517.08 87,642.35 2.87 0.55 2011 5,563.09 3,594.69 1,968.40 75,998.66 2.59 0.47 2010 4,735.56 3,439.31 1,296.25 70,601.22 1.84 -- 2009 4,291.56 3,035.03 1,256.53 58,578.17 2.15 -- 2008 3,540.58 2,311.79 1,228.79 48,134.79 2.55 -- Mean 2.43 Graph No. 02- NIM: Bank of Maharashtra Interpretation: From the Table No. 02 depicts that, the averaged Net Interest Margin of the Bank of Maharashtra was 2.43%, maximum was 2.87% in the year 2012 and minimum was 1.78% in the year 2010. It has been seen that the NIM has decreasing since 2013 due to increasing NPA. The NPA of the Bank of Maharashtra in the year 2013 was 0.52% and in the year 2017 it headed 11.76. The figure roughly translates to near 10% of all loans given. This means that about 11.76% of loans are never paid back, resulting in substantial loss of money to the banks. 2.01 2.43 2.68 2.59 2.62 2.87 2.59 1.84 2.15 2.55 0.00 0.50 1.00 1.50 2.00 2.50 3.00 3.50 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008
  • 8. [- 8 -] BANK OF INDIA Table No. 03- NIM: Bank of India Year Interest Income Interest Expenses Net Interest Income Total Assets NIM % ROA 2017 46,063.18 27,464.74 18,598.44 626,309.27 2.97 -0.24 2016 45,449.01 30,071.84 15,377.17 609,913.93 2.52 -0.94 2015 47,662.61 32,086.24 15,576.37 618,697.76 2.52 0.03 2014 42,201.94 27,079.57 15,122.37 573,190.20 2.64 0.51 2013 35,674.97 22,884.93 12,790.04 452,602.72 2.83 0.65 2012 31,801.84 20,167.23 11,634.61 383,299.57 3.04 0.72 2011 24,393.49 13,941.03 10,452.46 349,853.08 2.99 0.82 2010 20,494.63 12,122.04 8,372.59 273,537.84 3.06 -- 2009 19,399.22 10,848.45 8,550.77 223,791.46 3.82 -- 2008 14,472.15 8,125.95 6,346.20 177,066.90 3.58 -- Mean 3 Graph No. 03- NIM: Bank of India Interpretation: Table No. 03 showing that, the average Net Interest Margin of the Bank of India was 3.00%, highest was 3.82% in the year 2009 and lowest was 2.52% in the years 2015 & 2016. It’s has been seen that, the NIM of the Bank of India in the year 2017 has increased (2.97%). It has been observed that, the Borrowings of the Bank of India were increased 5.13% as compared to last year (2016) and NPA has also decreased from 7.79 to 6.90. 2.97 2.52 2.52 2.64 2.83 3.04 2.99 3.06 3.82 3.58 0.00 0.50 1.00 1.50 2.00 2.50 3.00 3.50 4.00 4.50 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008
  • 9. [- 9 -] BANK OF BARODA Table No. 04- NIM: Bank of Baroda Year Interest Income Interest Expenses Net Interest Income Total Assets NIM % ROA 2017 42,199.93 28,686.52 13,513.41 694,875.41 1.94 0.2 2016 44,061.28 31,321.43 12,739.85 671,376.48 1.90 -0.78 2015 42,963.56 29,776.32 13,187.24 714,988.55 1.84 0.49 2014 38,939.71 26,974.36 11,965.35 659,504.53 1.81 0.75 2013 35,196.65 23,881.39 11,315.26 547,135.44 2.07 0.9 2012 29,673.72 19,356.71 10,317.01 447,321.46 2.31 1.24 2011 21,885.92 13,083.66 8,802.26 358,397.18 2.46 1.33 2010 16,698.34 10,758.86 5,939.48 278,316.71 2.13 -- 2009 15,091.58 9,968.17 5,123.41 227,406.73 2.25 -- 2008 11,813.48 7,901.67 3,911.81 179,599.50 2.18 -- Mean 2.09 Graph No. 04- NIM: Bank of Baroda Interpretation: From the Table No. 04 it has been observed that, the average Net Interest Margin of the Bank of Baroda was 2.09%, higher was 2.46% in the year 2011 and lower was 1.81% in the year 2014. It can also be observed that, NIM was decreasing 2012 to 2014 but it also has increasing since 2015 to 2017. Because, NPA have been decreased from 5.06% (2016) to 4.72% in 2017. And it’s resulted on ROA of the Bank of Baroda. ROA of the Bank of Baroda in the year 2016 was -0.78% and it has become 0.20% in the year 2017. 1.94 1.90 1.84 1.81 2.07 2.31 2.46 2.13 2.25 2.18 0.00 0.50 1.00 1.50 2.00 2.50 3.00 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008
  • 10. [- 10 -] PRIVATE SECTOR BANKS- AXIS BANK Table No. 05- NIM: AXIS BANK Year Interest Income Interest Expenses Net Interest Income Total Assets NIM % ROA 2017 44,542.16 26,449.04 18,093.12 601,467.66 3.01 0.65 2016 40,988.04 24,155.07 16,832.97 525,467.61 3.20 1.72 2015 35,478.60 21,254.46 14,224.14 461,932.39 3.08 1.83 2014 30,641.16 18,689.52 11,951.64 383,244.89 3.12 1.78 2013 27,182.57 17,516.31 9,666.26 340,560.67 2.84 1.7 2012 21,994.65 13,976.90 8,017.75 285,627.80 2.81 1.68 2011 15,154.81 8,591.82 6,562.99 242,713.37 2.70 1.68 2010 11,638.02 6,633.53 5,004.49 180,647.87 2.77 -- 2009 10,835.49 7,149.27 3,686.22 147,722.06 2.50 -- 2008 7,005.32 4,419.96 2,585.36 109,577.84 2.36 -- Mean 2.84 Graph No. 05- NIM: AXIS BANK Interpretation: From the table No. 05 it has been seen that, the average Net Interest Margin of Axis Bank was 2.84%. Higher was 3.20% in the year 2016 and lower was 2.36% in 2008. It means the NIM of Axis bank has increased till 2016 but, in 2017 it’s declined by 3.01%, it also resulted in ROA of the bank. The ROA in the year 2016 was 1.72% and in 2017 it became 0.65%. It has been observed that, the NPA of Axis Bank has increased in 2017 (0.70 to 2.11). 3.01 3.20 3.08 3.12 2.84 2.81 2.70 2.77 2.50 2.36 0.00 0.50 1.00 1.50 2.00 2.50 3.00 3.50 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008
  • 11. [- 11 -] KOTAK MAHINDRA BANK Table No. 06- NIM: KOTAK MAHINDRA BANK Year Interest Income Interest Expenses Net Interest Income Total Assets NIM % ROA 2017 17,698.93 9,572.78 8,126.15 214,589.96 3.79 1.73 2016 16,384.18 9,483.81 6,900.37 192,259.79 3.59 1.19 2015 9,719.87 5,496.13 4,223.74 106,012.08 3.98 1.98 2014 8,767.12 5,047.07 3,720.05 87,585.34 4.25 1.8 2013 8,042.49 4,836.82 3,205.67 83,693.68 3.83 1.81 2012 6,180.24 3,667.75 2,512.49 65,666.79 3.83 1.83 2011 4,189.75 2,092.18 2,097.57 50,850.67 4.12 1.77 2010 3,255.62 1,397.48 1,858.14 37,436.31 4.96 -- 2009 3,065.14 1,546.60 1,518.54 28,711.88 5.29 -- 2008 2,535.36 1,309.56 1,225.80 28,312.36 4.33 -- Mean 4.20 Graph No. 06- NIM: KOTAK MAHINDRA BANK Interpretation: Table No. 06 shows that, the average Net Interest Margin of Kotak Mahindra Bank was 4.20%, maximum was 5.29% in the year 2009 and minimum was 3.59% in the year 2016. It has been seen that the NIM of bank has fluctuating throughout the years. NIM has increased in 2017 due to increased in Interest Income by 7.71% in the same year. 3.79 3.59 3.98 4.25 3.83 3.83 4.12 4.96 5.29 4.33 0.00 1.00 2.00 3.00 4.00 5.00 6.00 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008
  • 12. [- 12 -] HDFC BANK Table No. 07- NIM: HDFC BANK Year Interest Income Interest Expenses Net Interest Income Total Assets NIM % ROA 2017 69,305.96 36,166.73 33,139.23 863,840.20 3.84 1.88 2016 60,221.45 32,629.93 27,591.52 708,845.57 3.89 1.92 2015 48,469.90 26,074.24 22,395.66 590,503.07 3.79 2 2014 41,135.53 22,652.90 18,482.63 491,599.50 3.76 2 2013 35,064.87 19,253.75 15,811.12 400,331.90 3.95 1.9 2012 27,286.35 14,989.58 12,296.77 337,909.49 3.64 1.8 2011 19,928.21 9,385.08 10,543.13 277,352.61 3.80 1.6 2010 16,172.90 7,786.30 8,386.60 222,458.56 3.77 -- 2009 16,332.26 8,911.10 7,421.16 183,270.78 4.05 -- 2008 10,115.00 4,887.12 5,227.88 133,176.60 3.93 -- Mean 3.84 Graph No. 07- NIM: HDFC BANK Interpretation: The Table No. 07 depicts that, the average NIM of HDFC Bank was 3.84%, maximum was 4.05% in the year 2009 and minimum was 3.64% in the year 2012. The low margin is affected by increasing in deposits. However, researcher has also seen decreased spread on Loan rates over the last five years. 3.84 3.89 3.79 3.76 3.95 3.64 3.80 3.77 4.05 3.93 3.40 3.50 3.60 3.70 3.80 3.90 4.00 4.10 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008
  • 13. [- 13 -] ICICI BANK Table No. 08- NIM: ICICI BANK Year Interest Income Interest Expenses Net Interest Income Total Assets NIM % ROA 2017 54,156.28 32,418.96 21,737.32 768,749.32 2.83 1.1 2016 52,739.43 31,515.39 21,224.04 717,877.63 2.96 1.49 2015 49,091.14 30,051.53 19,039.61 646,129.29 2.95 1.86 2014 44,178.15 27,702.59 16,475.56 594,641.60 2.77 1.78 2013 40,075.60 26,209.18 13,866.42 536,794.69 2.58 1.7 2012 33,542.65 22,808.50 10,734.15 473,647.09 2.27 1.5 2011 25,974.05 16,957.15 9,016.90 406,233.67 2.22 1.35 2010 25,706.93 17,592.57 8,114.36 363,399.71 2.23 -- 2009 31,092.55 22,725.93 8,366.62 379,300.96 2.21 -- 2008 30,788.34 23,484.24 7,304.10 399,795.07 1.83 -- Mean 2.48 Graph No. 08- NIM: ICICI BANK Interpretation: From the table No. 08 it has been seen that, the average Net Interest Margin of ICICI Bank was 2.48%. Higher was 2.96% in the year 2016 and lower was 1.83% in 2008. It has been seen that, the increasing trend of NIM of ICICI bank till 2016, in 2017 it’s declined by 2.83% due to increased in NPA. The NPA of the Bank was 2.67% in the year 2016 but, it increased in 2017 by 4.89%. It’s also resulted in ROA of the bank. The ROA in the year 2016 was 1.49% and in 2017 it became 1.10%. 2.83 2.96 2.95 2.77 2.58 2.27 2.22 2.23 2.21 1.83 0.00 0.50 1.00 1.50 2.00 2.50 3.00 3.50 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008
  • 14. [- 14 -] FINDINGS NIM Year SBI BOM BOI BOB AXIS KOTAK HDFC ICICI 2017 2.31 2.01 2.97 1.94 3.01 3.79 3.84 2.83 2016 2.52 2.43 2.52 1.90 3.20 3.59 3.89 2.96 2015 2.69 2.68 2.52 1.84 3.08 3.98 3.79 2.95 2014 2.75 2.59 2.64 1.81 3.12 4.25 3.76 2.77 2013 2.83 2.62 2.83 2.07 2.84 3.83 3.95 2.58 2012 3.24 2.87 3.04 2.31 2.81 3.83 3.64 2.27 2011 2.66 2.59 2.99 2.46 2.70 4.12 3.80 2.22 2010 2.25 1.84 3.06 2.13 2.77 4.96 3.77 2.23 2009 2.16 2.15 3.82 2.25 2.50 5.29 4.05 2.21 2008 2.36 2.55 3.58 2.18 2.36 4.33 3.93 1.83 Mean 2.58 2.43 3.00 2.09 2.84 4.20 3.84 2.48 PUBLIC SECTOR BANKS  The NPA of the State Bank of India has been decreasing since 2013 and it’s affected on NIM for same period. Deposits are rapidly increasing as compare to borrowings.  Borrowings of Bank of Maharashtra are 178 times lower than deposits; hence it resulted into Lower NIM i.e. 2.01%. The NPA of the Bank in the year 2017 was 11.76%. This means that about 11.76% of loans are never paid back, resulting in substantial loss of money to the banks.  The Net Interest Income of the Bank of India has increased in the year 2017 i.e. 2.97%. Because in this year NPA has decreased from 7.79% to 6.90% and borrowing are increased up to 5.13%.  Bank of Baroda has increasing trend of the NIM since 2014. And the NPA of the Bank is decreasing since 2013. It means the performance of Bank of Baroda is being very well. PRIVATE SECTOR BANKS  The NIM of Axis bank has increased till 2016 but, in 2017 it’s declined by 3.01%, It has been observed that, the NPA of Axis Bank has increased in 2017 (0.70 to 2.11) and resulted on ROA too. The ROA of the Axis Bank was 1.72% in the year 2016 and in 2017 it became 0.65%.  It has been seen that the Net Interest Margin of Kotak Mahindra bank is fluctuating throughout the years. NIM has increased in 2017 due to increased in Interest Income by 7.71%.  The low margin of HDFC Bank is affected by increasing in deposits. However, researcher has also seen decreased spread on Loan rates over the last five years.
  • 15. [- 15 -]  It has been seen that, the increasing trend of NIM of ICICI bank till 2016, in 2017 it’s declined by 2.83% due to increased in NPA. The ROA in the year 2016 was 1.49% and in 2017 it became 1.10% due to increased in NPA. CONCLUSION The study observed that variables such as size, NPA, cost (in) efficiency, deposit concentration and economic growth are important in determining the banks’ behavior regarding their interest margin. In this research, researcher has attempted to measure NIM to find out profitability performance of 4 Indian public Banks i.e. State Bank of India, Bank of Maharashtra, Bank of India and Bank of Baroda. At the end, it is concluded the NIM made by calculating Interest Income and Interest Expenses for 8 Indian Public & Private sector Banks and result portrays that Private sector Banks (ICICI and Axis Bank) having better NIM rather than Bank of Maharashtra and State Bank of India.
  • 16. [- 16 -] REFERENCES  Tushar B. Das (2013): “Net Interest Margin, Financial Crisis and Bank Behavior: Experience of Indian Banks”, Department of Economic and Policy Research, November 2013.  Sami Ben Naceur & Mohamed Goaied (2016): “The Determinants of Commercial Bank Interest Margin and Profitability”, Published in Frontiers in Finance and Economics, Vol. 5, No. 1, 106-130.  Meshesha Demie Jima (2017): “Determinants of Net Interest Margin in the Ethiopian Banking Industry”, Published in Journal of Finance and Economics, 2017, Vol. 5, No. 3, 96-104.  G Hanweck (‎2005): “The Sensitivity of Bank Net Interest Margins and Profitability to Credit, Interest-Rate, and Term-Structure Shocks across Bank Product Specializations”, Published in Professor of Finance School of Management George Mason University.  Nilesh Vitthal Limbore (2014): “Study of banking sector in India and overview of performance of Indian banks with reference to net interest margin and market capitalization of banks” (ISSN No : 2249-894X) ANNUAL REPORTS State Bank of India Annual Reports (2008-2017) Bank of Maharashtra Annual Reports (2008-2017) Bank of India Annual Reports (2008-2017) Bank of Baroda Annual Reports (2008-2017) Axis Bank Annual Reports (2008-2017) Kotak Mahindra Bank Annual Reports (2008-2017) HDFC Bank Annual Reports (2008-2017) ICICI Bank Annual Reports (2008-2017) WEBSITES https://www.moneycontrol.com/ https://www.shodhganga.inflibnet.ac.in/ https://efinancemanagement.com/ https://www.researchgate.net/publication/273676328 https://www.rbi.org.in/scripts/PublicationsView.aspx?id=15418 http://pubs.sciepub.com/jfe/5/3/2
  • 17. [- 17 -] ANNEXURE Balance Sheet of State Bank of India (in Rs. Cr.) Mar '17 Mar '16 Mar '15 Mar '14 Mar '13 Mar '12 Mar '11 Mar '10 Mar '09 Mar '08 Capital and Liabilities: Total Share Capital 797.35 776.28 746.57 746.57 684.03 671.04 635 634.88 634.8 8 631.4 7 Equity Share Capital 797.35 776.28 746.57 746.57 684.03 671.04 635 634.88 634.8 8 631.4 7 Reserves 155,90 3.06 143,49 8.16 127,69 1.65 117,53 5.68 98,199. 65 83,280. 16 64,351. 04 65,314. 32 57,31 2.82 48,40 1.19 Net Worth 156,70 0.41 144,27 4.44 128,43 8.22 118,28 2.25 98,883 .68 83,951 .20 64,986 .04 65,949 .20 57,94 7.70 49,03 2.66 Deposits 2,044,7 51.39 1,730,7 22.44 1,576,7 93.24 1,394,4 08.51 1,202,7 39.57 1,043,6 47.36 933,93 2.81 804,11 6.23 742,0 73.13 537,4 03.94 Borrowin gs 317,69 3.66 224,19 0.59 205,15 0.29 183,13 0.88 169,18 2.71 127,00 5.57 119,56 8.96 103,01 1.60 53,71 3.68 51,72 7.41 Total Debt 2,362, 445.05 1,954, 913.03 1,781, 943.53 1,577, 539.39 1,371, 922.28 1,170, 652.93 1,053, 501.77 907,12 7.83 795,7 86.81 589,1 31.35 Other Liabilities & Provision s 155,23 5.19 159,87 5.57 137,69 8.05 96,412. 96 95,455. 07 80,915. 09 105,24 8.39 80,336. 70 110,6 97.57 83,36 2.30 Total Liabilitie s 2,674, 380.65 2,259, 063.04 2,048, 079.80 1,792, 234.60 1,566, 261.03 1,335, 519.22 1,223, 736.20 1,053, 413.73 964,4 32.08 721,5 26.31 Assets Cash & Balances with RBI 127,99 7.62 129,62 9.33 115,88 3.84 84,955. 66 65,830. 41 54,075. 94 94,395. 50 61,290. 87 55,54 6.17 51,53 4.62 Balance with Banks, Money at Call 43,974. 03 37,838. 33 58,977. 46 47,593. 97 48,989. 75 43,087. 23 28,478. 65 34,892. 98 48,85 7.63 15,93 1.72 Advances 1,571, 078.38 1,463, 700.42 1,300, 026.39 1,209, 828.72 1,045, 616.55 867,57 8.89 756,71 9.45 631,91 4.15 542,5 03.20 416,7 68.20 Investme nts 765,98 9.63 477,09 7.28 495,02 7.40 398,30 8.19 350,92 7.27 312,19 7.61 295,60 0.57 285,79 0.07 275,9 53.96 189,5 01.27 Gross Block 42,344. 99 9,819.1 6 9,329.1 6 8,002.1 6 6,595.7 1 5,133.8 7 4,431.9 6 11,831. 63 10,40 3.06 8,988. 35 Revaluati on Reserves 31,585. 65 0 0 0 0 0 0 7,713.9 0 6,828. 65 5,849. 13 Net Block 10,759 .34 9,819. 16 9,329. 16 8,002. 16 6,595. 71 5,133. 87 4,431. 96 4,117. 73 3,574. 41 3,139. 22 Capital Work In Progress 573.93 570.12 0 0 409.31 332.68 332.23 295.18 263.4 4 234.2 6 Other Assets 154,00 7.72 140,40 8.41 68,835. 55 43,545. 90 47,892. 03 53,113. 02 43,777. 85 35,112. 76 37,73 3.27 44,41 7.03 Total Assets 2,674, 380.65 2,259, 063.05 2,048, 079.80 1,792, 234.60 1,566, 261.03 1,335, 519.24 1,223, 736.21 1,053, 413.74 964,4 32.08 721,5 26.32 Continge nt Liabilities 1,112,0 81.35 1,064,1 67.65 225,24 4.99 203,61 9.38 993,01 8.45 899,56 5.18 790,38 9.59 429,91 7.37 614,6 03.47 736,0 87.59 Bills for collection 196.53 185.85 172.04 1,584.3 4 1,445.6 0 0 0 166,44 9.04 152,9 64.06 93,65 2.89 Book Value (Rs) 196.53 185.85 172.04 1,584.3 4 1,445.6 0 1,251.0 5 1,023.4 0 1,038.7 6 912.7 3 776.4 8
  • 18. [- 18 -] State Bank Of India Profit & Loss Account Mar-17 Mar-16 Mar-15 Mar-14 Mar-14 Mar-13 Mar-12 Mar-11 INCOME Interest / Discount on Advances / Bills 119,510. 00 115,666. 01 112,343. 91 102,484. 10 102,484. 10 90,537.1 0 81,077.7 0 59,976.0 1 Income from Investments 48,205.3 1 42,303.9 8 37,087.7 7 31,941.8 7 31,941.8 7 27,200.6 3 23,949.1 4 19,826.3 7 Interest on Balance with RBI and Other Inter- Bank funds 1,753.47 621.07 505.12 409.31 409.31 545.14 350.47 235.66 Others 6,049.46 5,094.25 2,460.27 1,515.52 1,515.52 1,374.23 1,144.14 1,356.33 Total Interest Earned 175,518. 24 163,685. 31 152,397. 07 136,350. 80 136,350. 80 119,657. 10 106,521. 45 81,394. 36 Other Income 35,460.9 3 28,158.3 6 22,575.8 9 18,552.9 2 18,552.9 2 16,034.8 4 14,351.4 5 15,824.5 9 Total Income 210,979. 17 191,843. 67 174,972. 96 154,903. 72 154,903. 72 135,691. 94 120,872. 90 97,218. 96 EXPENDITURE Interest Expended 113,658. 50 106,803. 49 97,381.8 2 87,068.6 3 87,068.6 3 75,325.8 0 63,230.3 7 48,867.9 6 Payments to and Provisions for Employees 26,489.2 8 25,113.8 2 23,537.0 7 22,504.2 8 22,504.2 8 18,380.9 0 16,974.0 4 15,211.6 2 Depreciation 2,293.31 1,700.30 1,116.49 1,333.94 1,333.94 1,139.61 1,007.17 990.5 Operating Expenses (excludes Employee Cost & Depreciation ) 17,690.1 8 14,968.2 4 14,024.0 8 11,887.6 3 11,887.6 3 9,763.91 8,087.78 6,813.32 Total Operating Expenses 46,472.7 7 41,782.3 7 38,677.6 4 35,725.8 5 35,725.8 5 29,284.4 2 26,068.9 9 23,015. 43 Provision Towards Income Tax 4,033.29 3,577.93 6,689.95 4,227.47 4,227.47 5,951.06 6,335.37 5,709.54 Provision Towards Deferred Tax 337.78 245.47 -477.56 1,055.25 1,055.25 -107.97 455.93 976.82 Other Provisions and Contingencie s 35,992.7 2 29,483.7 5 469.95 15,935.3 5 -112.16 11,130.8 3 13,068.9 5 10,381.3 4 Total Provisions and Contingenci es 40,363.7 9 33,307.1 5 25,811.9 3 21,218.0 7 21,218.0 7 16,976.7 4 19,866.2 5 17,071. 05 Total Expenditure 200,495. 07 181,893. 01 161,871. 39 144,012. 55 144,012. 55 121,586. 96 109,165. 61 88,954. 44 Net Profit / Loss for The Year 10,484.1 0 9,950.65 13,101.5 7 10,891.1 7 10,891.1 7 14,104.9 8 11,707.2 9 8,264.5 2 Net Profit / Loss After EI & Prior Year Items 10,484.1 0 9,950.65 13,101.5 7 10,891.1 7 10,891.1 7 14,104.9 8 11,707.2 9 7,370.3 5
  • 19. [- 19 -] Profit / Loss Brought Forward 0.32 0.32 0.32 0.34 0.34 0.34 0.34 0.34 Total Profit / Loss available for Appropriati ons 10,484.4 2 9,950.98 13,101.8 9 10,891.5 1 10,891.5 1 14,105.3 2 11,713.3 4 7,370.6 9 APPROPRIATIONS Transfer To / From Statutory Reserve 3,145.23 2,985.20 4,029.08 3,339.62 3,339.62 4,417.86 3,516.98 2,479.36 Transfer To / From Capital Reserve 1,493.39 345.27 0 0 0 19.17 14.38 9.61 Transfer To / From Revenue And Other Reserves 3,430.55 4,267.35 5,994.56 5,013.40 5,013.40 6,453.26 5,536.50 2,729.87 Dividend and Dividend Tax for The Previous Year 0 0.01 0 0.01 0.01 0 0 0 Equity Share Dividend 2,108.56 2,018.32 2,557.28 2,239.71 2,239.71 2,838.74 2,348.66 1,905.00 Tax On Dividend 306.38 334.51 520.65 298.45 298.45 375.95 296.49 246.52 Balance Carried Over To Balance Sheet 0.32 0.32 0.32 0.32 0.32 0.34 0.34 0.34 Total Appropriati ons 10,484.4 2 9,950.98 13,101.8 9 10,891.5 1 10,891.5 1 14,105.3 2 11,713.3 4 7,370.6 9 EARNINGS PER SHARE Basic EPS (Rs.) 13.43 12.98 17.55 156.76 156.76 210.06 184.31 130.16 Diluted EPS (Rs.) 13.43 12.98 17.55 156.76 156.76 210.06 184.31 130.16 DIVIDEND PERCENTAGE Equity Dividend Rate (%) 260 260 350 300 300 415 350 300
  • 20. [- 20 -] Balance Sheet of Bank of Maharashtra (in Rs. Cr.) Mar '17 Mar '16 Mar '15 Mar '14 Mar '13 Mar '12 Mar '11 Mar '10 Mar '09 Mar '08 Capital and Liabilities: Total Share Capital 1,168.3 3 1,168.3 3 1,063.1 8 1,427.1 0 1,249.4 8 1,177. 59 1,069. 71 430.52 430.52 430.52 Equity Share Capital 1,168.3 3 1,168.3 3 1,063.1 8 839.1 661.48 589.59 481.71 430.52 430.52 430.52 Preferenc e Share Capital 0 0 0 588 588 588 588 0 0 0 Reserves 5,004.7 3 6,323.0 3 5,626.0 2 4,875.4 7 4,027.2 1 3,170. 04 2,457. 67 1,973. 32 1,634. 48 1,334. 87 Net Worth 6,173.0 6 7,491.3 6 6,689.2 0 6,302.5 7 5,276.6 9 4,347. 63 3,527. 38 2,403. 84 2,065. 00 1,765. 39 Deposits 139,052 .84 138,989 .82 122,118 .94 116,803 .09 94,336. 93 76,528 .65 66,844 .74 63,304 .07 52,254 .92 41,758 .33 Borrowin gs 8,136.6 5 9,228.1 0 11,126. 72 8,326.4 7 12,877. 49 3,824. 75 3,076. 56 2,796. 95 190.01 199.25 Total Debt 147,18 9.49 148,21 7.92 133,24 5.66 125,12 9.56 107,21 4.42 80,35 3.40 69,92 1.30 66,10 1.02 52,44 4.93 41,95 7.58 Other Liabilitie s & Provisio ns 4,754.9 7 3,952.2 6 4,705.7 9 3,822.3 5 3,341.4 5 2,941. 33 2,549. 99 2,096. 36 4,068. 23 4,411. 83 Total Liabiliti es 158,11 7.52 159,66 1.54 144,64 0.65 135,25 4.48 115,83 2.56 87,64 2.36 75,99 8.67 70,60 1.22 58,57 8.16 48,13 4.80 Assets Cash & Balances with RBI 15,274. 72 8,382.2 9 6,652.7 5 5,991.3 9 5,265.2 9 4,535. 48 3,846. 00 5,315. 39 3,881. 42 3,893. 88 Balance with Banks, Money at Call 1,367.3 0 937.86 100.36 110.91 907.55 1,208. 78 203.35 1,379. 16 223.92 332.05 Advance s 95,515. 23 107,56 2.67 98,599. 10 88,920. 40 75,470. 78 56,05 9.76 46,88 0.77 40,31 4.70 34,29 0.77 29,28 5.81 Investm ents 38,590. 18 36,230. 87 36,714. 79 37,249. 58 31,430. 31 22,91 1.36 22,49 1.08 21,32 3.85 18,38 2.14 12,28 2.95 Gross Block 1,586.0 8 1,694.4 2 1,432.1 7 1,446.0 1 1,429.4 7 600.65 666.79 1,248. 76 1,169. 25 669.78 Revaluati on Reserves 1,206.4 6 1,295.7 8 1,378.1 3 1,065.5 8 1,120.2 6 375.03 443.55 454.57 452.19 16.12 Net Block 379.62 398.64 54.04 380.43 309.21 225.6 2 223.2 4 204.9 6 202.6 2 204.3 1 Other Assets 6,990.4 7 6,149.2 2 2,519.6 1 2,601.7 6 2,449.3 9 2,701. 35 2,354. 22 2,063. 16 1,597. 30 2,135. 79 Total Assets 158,11 7.52 159,66 1.55 144,64 0.65 135,25 4.47 115,83 2.53 87,64 2.35 75,99 8.66 70,60 1.22 58,57 8.17 48,13 4.79 Continge nt Liabilitie s 33,350. 67 33,727. 87 34,340. 61 28,187. 16 26,910. 75 20,833 .48 16,516 .55 16,413 .30 14,186 .93 4,515. 21 Book Value (Rs) 52.84 64.12 62.92 68.1 70.88 63.77 61.02 55.84 47.97 41.01
  • 21. [- 21 -] Bank Of Maharashtra Profit & Loss Account Mar-17 Mar-16 Mar-15 Mar-14 Mar-13 Mar-12 Mar-11 INCOME Interest / Discount on Advances / Bills 8,469.96 9,934.83 9,820.78 9,187.15 7,298.50 5,490.63 4,006.14 Income from Investments 2,829.47 2,735.20 2,751.48 2,543.03 2,231.28 1,708.57 1,520.30 Interest on Balance with RBI and Other Inter-Bank funds 401.91 52.02 57.07 150.63 81.7 1.52 25.13 Others 360.62 330.94 36.12 75.84 1.95 13.24 11.52 Total Interest Earned 12,061.96 13,052.99 12,665.44 11,956.66 9,613.43 7,213.96 5,563.09 Other Income 1,508.07 1,019.29 1,005.98 894.19 912 640.67 530.86 Total Income 13,570.03 ######## 13,671.42 12,850.85 10,525.43 7,854.63 6,093.95 EXPENDITURE Interest Expended 8,887.27 9,174.29 8,790.40 8,447.73 6,580.08 4,696.88 3,594.69 Payments to and Provisions for Employees 1,807.29 1,540.98 1,633.21 1,595.76 1,187.82 1,113.02 1,157.08 Depreciation 117.62 149.2 115.28 99.99 73.93 65.66 67.86 Operating Expenses (excludes Employee Cost & Depreciation) 930.78 862.63 777.43 701 534.9 463.84 419.29 Total Operating Expenses 2,855.70 2,552.81 2,525.93 2,396.75 1,796.64 1,642.52 1,644.22 Provision Towards Income Tax 0 322.51 449.29 307.88 363.2 199.85 183.67 Provision Towards Deferred Tax 0 227.59 0 78.75 226.43 28.29 0 Other Provisions and Contingencies 3,199.58 1,694.39 1,455.11 1,233.77 799.56 856.27 340.97 Total Provisions and Contingencies 3,199.58 2,244.49 1,904.40 1,620.40 1,389.19 1,084.41 524.64 Total Expenditure 14,942.54 13,971.59 ######## 12,464.88 9,765.91 7,423.80 5,763.56 Net Profit / Loss for The Year -1,372.51 100.69 450.69 385.97 759.52 430.83 330.39 Net Profit / Loss After EI & Prior Year Items -1,372.51 100.69 450.69 385.97 759.52 430.83 330.39 Profit / Loss Brought Forward 59.64 136.51 30.14 0 445.35 365.45 284.88 Total Profit / Loss available for Appropriations -1,312.87 237.19 480.83 385.97 1,204.87 796.27 615.27 APPROPRIATIONS Transfer To / From Statutory Reserve 0 25.17 112.67 96.49 189.88 107.71 82.6 Transfer To / From Special Reserve 0 130 50 75 150 25 12 Transfer To / From Capital Reserve 87.25 28.83 35.39 12.86 20.63 2.54 3.04
  • 22. [- 22 -] Transfer To / From Investment Reserve -8.12 0 14.06 11.39 16.11 0 5.34 Transfer To / From Revenue And Other Reserves 0 -6.76 30.14 0 445.35 0 0 Equity Share Dividend 0 0 85.05 83.91 152.14 129.71 96.34 Preference Share Dividend 0 0 0 52.92 49.98 55.86 29.59 Tax On Dividend 0 0.31 17.01 23.25 34.35 30.1 20.92 Balance Carried Over To Balance Sheet -1,392.00 59.64 136.51 30.14 146.43 445.35 365.45 Total Appropriations -1,312.87 237.19 480.83 385.97 1,204.87 796.27 615.27 EARNINGS PER SHARE Basic EPS (Rs.) -11.75 0.91 4.5 4.56 11.88 7.59 6.86 Diluted EPS (Rs.) -11.75 0.91 4.5 4.56 11.88 7.59 6.86 DIVIDEND PERCENTAGE Equity Dividend Rate (%) 0 0 8 10 23 22 20
  • 23. [- 23 -] Balance Sheet of Bank of Baroda (in Rs. Cr.) Mar '17 Mar '16 Mar '15 Mar '14 Mar '13 Mar '12 Mar '11 Mar '10 Mar '09 Mar '08 Capital and Liabilities: Total Share Capital 462.09 462.09 443.56 430.68 422.52 412.38 392.81 365.53 365.53 365.53 Equity Share Capital 462.09 462.09 443.56 430.68 422.52 412.38 392.81 365.53 365.53 365.53 Reserve s 39,841. 16 39,736. 89 39,391. 79 35,555. 00 31,546. 92 27,064. 47 20,650. 73 14,740. 86 12,470. 01 10,678. 40 Net Worth 40,303 .25 40,198 .98 39,835 .35 35,985 .68 31,969 .44 27,476 .85 21,043 .54 15,106 .39 12,835 .54 11,043 .93 Deposits 601,67 5.17 574,03 7.87 617,55 9.52 568,89 4.39 473,88 3.34 384,87 1.11 305,43 9.48 241,04 4.26 192,39 6.95 152,03 4.13 Borrowi ngs 30,611. 44 33,471. 70 35,264. 28 36,812. 97 26,579. 28 23,573. 05 22,307. 85 13,350. 09 5,636.0 9 3,927.0 5 Total Debt 632,28 6.61 607,50 9.57 652,82 3.80 605,70 7.36 500,46 2.62 408,44 4.16 327,74 7.33 254,39 4.35 198,03 3.04 155,96 1.18 Other Liabilitie s & Provisio ns 22,285. 56 23,667. 92 22,329. 40 17,811. 50 14,703. 38 11,400. 46 9,606.3 1 8,815.9 7 16,538. 15 12,594. 41 Total Liabiliti es 694,87 5.42 671,37 6.47 714,98 8.55 659,50 4.54 547,13 5.44 447,32 1.47 358,39 7.18 278,31 6.71 227,40 6.73 179,59 9.52 Assets Cash & Balance s with RBI 22,780. 21 21,672. 42 22,488. 60 18,629. 09 13,452. 08 21,651. 46 19,868. 18 13,539. 97 10,596. 34 9,369.7 2 Balance with Banks, Money at Call 127,68 9.70 112,22 7.93 125,86 4.55 112,24 8.82 71,946. 83 42,517. 08 30,065. 89 21,927. 09 13,490. 77 12,929. 56 Advanc es 383,25 9.22 383,77 0.18 428,06 5.14 397,00 5.81 328,18 5.76 287,37 7.29 228,67 6.36 175,03 5.29 143,98 5.90 106,70 1.32 Investm ents 129,63 0.54 120,45 0.52 122,31 9.72 116,11 2.66 121,39 3.72 83,209 .40 71,396 .59 61,182 .38 52,445 .88 43,870 .07 Gross Block 5,758.3 7 6,253.7 8 2,874.8 5 2,734.1 2 2,453.1 2 2,341.5 0 2,299.7 2 4,266.6 0 3,954.1 3 3,787.1 4 Net Block 5,758. 37 6,253. 78 2,874. 85 2,734. 12 2,453. 12 2,341. 50 2,299. 72 2,284. 76 2,309. 72 2,427. 00 Other Assets 25,757. 37 27,001. 65 13,375. 69 12,774. 03 9,703.9 3 10,224. 73 6,090.4 4 4,347.2 2 4,578.1 2 4,301.8 3 Total Assets 694,87 5.41 671,37 6.48 714,98 8.55 659,50 4.53 547,13 5.44 447,32 1.46 358,39 7.18 278,31 6.71 227,40 6.73 179,59 9.50 Conting ent Liabiliti es 290,11 8.38 261,32 0.91 283,99 2.78 291,77 7.69 230,58 1.15 175,26 9.81 146,00 8.59 77,997. 01 64,745. 82 75,364. 33 Book Value (Rs) 174.92 174.46 180.13 838.02 758.91 668.34 537.45 414.71 352.37 303.18
  • 24. [- 24 -] Bank Of Baroda Profit & Loss Account Mar-17 Mar-16 Mar-15 Mar-14 Mar-13 Mar-12 Mar-11 INCOME Interest / Discount on Advances / Bills 27,523.93 29,796.23 30,802.68 27,878.09 25,867.06 22,369.41 16,183.76 Income from Investments 10,596.33 10,673.22 9,701.07 8,695.99 7,483.39 6,184.73 4,774.78 Interest on Balance with RBI and Other Inter-Bank funds 1,990.86 1,305.92 1,549.79 1,533.86 1,443.02 837.43 494.49 Others 2,088.81 2,285.90 910.01 831.76 403.19 282.15 432.88 Total Interest Earned 42,199.93 44,061.28 42,963.56 38,939.71 35,196.65 29,673.72 21,885.92 Other Income 6,758.06 4,998.86 4,402.00 4,462.74 3,630.62 3,422.33 2,809.19 Total Income 48,957.99 49,060.14 47,365.55 43,402.45 38,827.28 33,096.05 24,695.10 EXPENDITURE Interest Expended 28,686.52 31,321.43 29,776.32 26,974.36 23,881.39 19,356.71 13,083.66 Payments to and Provisions for Employees 4,637.77 4,978.03 4,261.35 4,139.72 3,449.65 2,985.58 2,916.78 Depreciation 511.35 501.33 340.39 345.03 300.64 276.57 243.04 Operating Expenses (excludes Employee Cost & Depreciation) 4,147.28 3,443.78 3,072.39 2,652.32 2,196.45 1,896.57 1,470.01 Total Operating Expenses 9,296.40 8,923.14 7,674.13 7,137.07 5,946.74 5,158.72 4,629.83 Provision Towards Income Tax 1,089.56 1,769.84 2,022.17 956.23 350.51 1,018.84 1,408.64 Provision Towards Deferred Tax 0 -3,072.38 0 0 0 0 0 Other Provisions and Contingencies 8,502.37 15,513.65 4,494.50 3,793.71 4,167.92 2,554.83 1,331.29 Total Provisions and Contingencies 9,591.93 14,211.11 6,516.67 4,749.94 4,518.43 3,573.67 2,739.93 Total Expenditure 47,574.85 54,455.68 43,967.12 38,861.37 34,346.56 28,089.10 20,453.42 Net Profit / Loss for The Year 1,383.14 -5,395.54 3,398.44 4,541.08 4,480.72 5,006.96 4,241.68 Net Profit / Loss After EI & Prior Year Items 1,383.14 -5,395.54 3,398.44 4,541.08 4,480.72 5,006.96 4,241.68
  • 25. [- 25 -] Total Profit / Loss available for Appropriations 1,383.14 -5,395.54 3,398.44 4,541.08 4,480.72 5,006.96 4,241.68 APPROPRIATIONS Transfer To / From Statutory Reserve 345.78 0 849.61 1,135.27 1,120.18 1,251.74 1,060.42 Transfer To / From Special Reserve 350.92 0 1,093.90 912.07 850 533.85 335.39 Transfer To / From Capital Reserve 353.65 0 108.21 8.69 81.45 22.4 21 Transfer To / From General Reserve 0 -5,395.54 364.57 1,401.38 1,369.47 2,453.86 2,100.46 Transfer To / From Investment Reserve 0 0 130.46 0 0 -68.74 -31.4 Equity Share Dividend 332.79 0 727.97 923.24 905.74 694.32 646.05 Tax On Dividend 0 0 123.71 160.43 153.89 117.97 107.3 Total Appropriations 1,383.14 -5,395.54 3,398.44 4,541.08 4,480.72 5,006.96 4,241.68 EARNINGS PER SHARE Basic EPS (Rs.) 6 -23.89 16 107 109 128 116 Diluted EPS (Rs.) 6 -23.89 16 107 109 128 116 DIVIDEND PERCENTAGE Equity Dividend Rate (%) 60 0 160 215 215 170 165
  • 26. [- 26 -] Balance Sheet of Bank of India (in Rs. Cr.) Mar '17 Mar '16 Mar '15 Mar '14 Mar '13 Mar '12 Mar '11 Mar '10 Mar '09 Mar '08 Capital and Liabilities: Total Share Capital 1,055.4 3 817.29 665.65 643 596.64 574.52 547.22 525.91 525.91 525.91 Equity Share Capital 1,055.4 3 817.29 665.65 643 596.64 574.52 547.22 525.91 525.91 525.91 Reserve s 29,709. 72 30,196. 28 30,781. 09 29,280. 08 23,321. 51 19,151. 38 15,423. 99 12,275. 46 11,258. 72 8,300.3 8 Net Worth 32,487 .07 32,317 .22 31,446 .74 29,923 .08 23,918 .15 19,725 .90 15,971 .21 12,801 .37 11,784 .63 8,826. 29 Deposits 540,03 2.01 513,00 4.52 531,90 6.63 476,97 4.05 381,83 9.59 318,21 6.03 298,88 5.81 229,76 1.94 189,70 8.48 150,01 1.98 Borrowi ngs 39,405. 67 51,083. 14 40,057. 14 48,427. 51 35,367. 58 32,114. 23 22,021. 38 22,399. 90 9,486.9 8 7,172.4 5 Total Debt 579,43 7.68 564,08 7.66 571,96 3.77 525,40 1.56 417,20 7.17 350,33 0.26 320,90 7.19 252,16 1.84 199,19 5.46 157,18 4.43 Other Liabilitie s & Provisio ns 14,384. 52 13,509. 05 15,287. 25 17,865. 56 11,477. 39 13,243. 43 12,974. 69 8,574.6 3 12,811. 39 11,056. 16 Total Liabiliti es 626,30 9.27 609,91 3.93 618,69 7.76 573,19 0.20 452,60 2.71 383,29 9.59 349,85 3.09 273,53 7.84 223,79 1.48 177,06 6.88 Assets Cash & Balance s with RBI 27,347. 66 33,961. 61 27,170. 03 19,073. 44 21,967. 04 14,986. 71 21,782. 43 15,602. 62 8,915.2 8 11,741. 85 Balance with Banks, Money at Call 68,540. 29 65,179. 68 49,233. 66 42,308. 85 32,868. 82 19,724. 54 15,527. 56 15,627. 51 12,845. 97 5,975.5 4 Advanc es 366,48 1.67 359,18 8.95 402,02 5.54 370,73 3.54 289,36 7.50 248,83 3.34 213,09 6.18 168,49 0.71 142,90 9.37 113,47 6.33 Investm ents 127,82 6.86 118,84 8.92 119,79 2.04 114,15 2.44 94,613 .43 86,753 .59 85,872 .42 67,080 .18 52,607 .18 41,802 .88 Gross Block 8,461.8 6 8,480.3 1 5,885.5 3 5,786.0 6 2,778.9 3 2,722.9 5 2,365.9 3 3,790.8 1 3,578.2 3 3,448.4 4 Net Block 8,461. 86 8,480. 31 5,885. 53 5,786. 06 2,778. 93 1,235. 89 1,319. 47 1,428. 62 1,710. 29 1,763. 10 Other Assets 27,650. 93 24,254. 46 14,590. 96 21,135. 87 10,915. 80 1,487.0 6 1,046.4 6 858.12 711.19 636.06 Total Assets 626,30 9.27 609,91 3.93 618,69 7.76 573,19 0.20 452,60 2.72 383,29 9.57 349,85 3.08 273,53 7.84 223,79 1.46 177,06 6.90 Conting ent Liabiliti es 391,40 1.30 707,61 8.65 200,91 3.85 273,95 2.28 245,91 6.80 210,42 8.17 176,20 5.41 118,53 5.87 107,15 5.08 100,48 6.14 Book Value (Rs) 291.7 379.47 472.42 465.37 401.38 343.79 292.26 243.75 224.39 168.06
  • 27. [- 27 -] Bank Of India Profit & Loss Account Mar-17 Mar-16 Mar-15 Mar-14 Mar-13 Mar-12 Mar-11 INCOME Interest / Discount on Advances / Bills 27,187.86 30,370.90 31,678.16 27,119.28 23,139.21 20,240.63 15,500.23 Income from Investments 9,059.92 8,952.13 9,399.91 8,404.96 7,261.26 7,141.76 5,171.71 Interest on Balance with RBI and Other Inter-Bank funds 2,012.21 2,120.94 2,143.25 2,003.37 1,256.97 833.96 785.43 Others 1,030.86 352.49 208.59 382.49 251.49 264.31 294.35 Total Interest Earned 39,290.85 41,796.46 43,429.91 37,910.10 31,908.93 28,480.67 21,751.72 Other Income 6,772.33 3,652.55 4,232.70 4,291.84 3,766.04 3,321.17 2,641.77 Total Income 46,063.18 45,449.01 47,662.61 42,201.94 35,674.97 31,801.84 24,393.50 EXPENDITURE Interest Expended 27,464.74 30,071.84 32,086.24 27,079.57 22,884.93 20,167.23 13,941.03 Payments to and Provisions for Employees 5,396.62 5,357.24 4,985.82 3,991.15 3,130.52 3,069.31 3,475.44 Depreciation -12.47 286.26 285.42 227.87 183.89 166.83 140.56 Operating Expenses (excludes Employee Cost & Depreciation) 3,481.65 3,698.05 2,817.36 2,480.45 2,017.15 1,704.51 1,452.24 Total Operating Expenses 8,865.80 9,341.55 8,088.60 6,699.47 5,331.55 4,940.66 5,068.24 Provision Towards Income Tax 1,813.70 1,471.10 70.77 -27.71 0 0 0 Provision Towards Deferred Tax -2,627.91 -3,172.65 15.36 843.49 0 0 0 Provision Towards Other Taxes 0 0 0 0 258.39 900 1,006.68 Other Provisions and Contingencies 12,105.18 13,826.38 5,692.72 4,877.85 4,450.76 3,116.43 1,888.84 Total Provisions and Contingencies 11,290.97 12,124.83 5,778.85 5,693.63 4,709.15 4,016.43 2,895.52 Total Expenditure 47,621.50 51,538.22 45,953.69 39,472.67 32,925.63 29,124.32 21,904.79 Net Profit / Loss for The Year -1,558.31 -6,089.21 1,708.92 2,729.27 2,749.35 2,677.52 2,488.71 Net Profit / Loss After EI & Prior Year Items -1,558.31 -6,089.21 1,708.92 2,729.27 2,749.35 2,677.52 2,488.71 Profit / Loss Brought Forward -6,248.68 0 0 0 0 0 0
  • 28. [- 28 -] Total Profit / Loss available for Appropriations -7,807.00 -6,089.21 1,708.92 2,729.27 2,749.35 2,677.52 2,488.71 APPROPRIATIONS Transfer To / From Statutory Reserve 0 0 430 700 687.34 669.38 625 Transfer To / From Special Reserve 0 0 0 0 299.63 0 0 Transfer To / From Capital Reserve 749.85 159.47 0 0 31.73 246.81 198.56 Transfer To / From Revenue And Other Reserves 0 0 879.2 1,653.74 1,033.55 1,285.23 1,215.87 Equity Share Dividend 0 0 332.1 321.5 596.67 465.98 444.3 Tax On Dividend 0 0 67.62 54.03 100.42 0 0 Balance Carried Over To Balance Sheet -8,556.84 -6,248.68 0 0 0 0 0 Total Appropriations -7,807.00 -6,089.21 1,708.92 2,729.27 2,749.35 2,677.52 2,488.71 EARNINGS PER SHARE Basic EPS (Rs.) -15.72 -83.01 26.57 44.74 47.79 48.98 47.35 Diluted EPS (Rs.) -15.72 -83.01 26.57 44.74 47.79 48.98 47.35 DIVIDEND PERCENTAGE Equity Dividend Rate (%) 0 0 50 50 100 70 70
  • 29. [- 29 -] Balance Sheet of Axis Bank (in Rs. Cr.) Mar '17 Mar '16 Mar '15 Mar '14 Mar '13 Mar '12 Mar '11 Mar '10 Mar '09 Mar '08 Capital and Liabilities: Total Share Capital 479.01 476.57 474.1 469.84 467.95 413.2 410.55 405.17 359.01 357.71 Equity Share Capital 479.01 476.57 474.1 469.84 467.95 413.2 410.55 405.17 359.01 357.71 Reserve s 55,283. 53 52,688. 34 44,202. 41 37,750. 64 32,639. 91 22,395. 34 18,588. 28 15,639. 27 9,854.5 8 8,410.7 9 Net Worth 55,762 .54 53,164 .91 44,676 .51 38,220 .48 33,107 .86 22,808 .54 18,998 .83 16,044 .61 10,214 .80 8,770. 69 Deposits 414,37 8.79 357,96 7.56 322,44 1.94 280,94 4.56 252,61 3.59 220,10 4.30 189,23 7.80 141,30 0.22 117,37 4.11 87,626. 22 Borrowi ngs 105,03 0.87 99,226. 38 79,758. 27 50,290. 94 43,951. 10 34,071. 67 26,267. 88 17,169. 55 10,185. 48 5,624.0 4 Total Debt 519,40 9.66 457,19 3.94 402,20 0.21 331,23 5.50 296,56 4.69 254,17 5.97 215,50 5.68 158,46 9.77 127,55 9.59 93,250 .26 Other Liabilitie s & Provisio ns 26,295. 47 15,108. 77 15,055. 67 13,788. 89 10,888. 11 8,643.2 8 8,208.8 6 6,133.4 6 9,947.6 7 7,556.9 0 Total Liabiliti es 601,46 7.67 525,46 7.62 461,93 2.39 383,24 4.87 340,56 0.66 285,62 7.79 242,71 3.37 180,64 7.84 147,72 2.06 109,57 7.85 Assets Cash & Balance s with RBI 30,857. 94 22,361. 15 19,818. 84 17,041. 32 14,792. 09 10,702. 92 13,886. 16 9,473.8 8 9,419.2 1 7,305.6 6 Balance with Banks, Money at Call 19,398. 24 10,964. 29 16,280. 19 11,197. 38 5,642.8 7 3,230.9 9 7,522.4 9 5,732.5 6 5,597.6 9 5,198.5 8 Advanc es 373,06 9.35 338,77 3.72 281,08 3.03 230,06 6.76 196,96 5.96 169,75 9.54 142,40 7.83 104,34 3.12 81,556 .77 59,661 .14 Investm ents 128,79 3.37 122,00 6.20 132,34 2.83 113,54 8.43 113,73 7.54 93,192 .09 71,991 .62 55,974 .82 46,330 .35 33,705 .10 Gross Block 3,746.8 9 3,316.2 0 2,413.0 5 2,310.5 4 2,230.5 4 2,188.5 6 2,250.4 6 2,107.9 8 1,741.8 6 1,384.7 0 Net Block 3,746. 89 3,316. 20 2,413. 05 2,310. 54 2,230. 54 2,188. 56 2,250. 46 1,165. 19 1,015. 41 794.37 Capital Work In Progress 0 206.97 101.26 99.67 125.11 70.77 22.69 57.24 57.48 128.48 Other Assets 45,601. 87 27,839. 08 9,893.1 9 8,980.7 9 7,066.5 6 6,482.9 3 4,632.1 2 3,901.0 6 3,745.1 5 2,784.5 1 Total Assets 601,46 7.66 525,46 7.61 461,93 2.39 383,24 4.89 340,56 0.67 285,62 7.80 242,71 3.37 180,64 7.87 147,72 2.06 109,57 7.84 Conting ent Liabiliti es 750,68 1.21 668,72 5.82 640,18 3.59 611,44 6.37 576,01 0.77 514,87 1.98 477,86 4.55 296,12 5.58 104,42 8.39 78,028. 44 Book Value (Rs) 232.83 223.12 188.47 813.47 707.5 551.99 462.77 395.99 284.5 245.13
  • 30. [- 30 -] Axis Bank Profit & Loss Account Mar-17 Mar-16 Mar-15 Mar-14 Mar-13 Mar-12 Mar-11 INCOME Interest / Discount on Advances / Bills 33,124.96 30,040.56 25,867.82 21,950.43 19,166.24 15,379.35 10,403.11 Income from Investments 9,622.82 9,377.59 9,117.09 8,343.13 7,746.98 6,394.27 4,438.68 Interest on Balance with RBI and Other Inter-Bank funds 503.84 295.25 231.26 166.78 111.26 98.43 182.62 Others 1,290.54 1,274.64 262.43 180.81 158.1 122.6 130.39 Total Interest Earned 44,542.16 40,988.04 35,478.60 30,641.16 27,182.57 21,994.65 15,154.81 Other Income 11,691.31 9,371.46 8,365.05 7,405.22 6,551.11 5,420.22 4,632.13 Total Income 56,233.47 50,359.50 43,843.64 38,046.38 33,733.68 27,414.86 19,786.94 EXPENDITURE Interest Expended 26,449.04 24,155.07 21,254.46 18,689.52 17,516.31 13,976.90 8,591.82 Payments to and Provisions for Employees 3,891.86 3,376.01 3,114.97 2,601.35 2,376.98 2,080.17 1,613.90 Depreciation 508.8 443.91 405.67 363.93 351.73 342.24 289.59 Operating Expenses (excludes Employee Cost & Depreciation) 7,799.24 6,280.90 5,683.10 4,935.49 4,185.52 3,584.70 2,875.94 Total Operating Expenses 12,199.91 10,100.82 9,203.75 7,900.77 6,914.24 6,007.10 4,779.43 Provision Towards Income Tax 4,988.90 4,241.96 3,852.37 3,489.74 2,720.58 2,256.23 1,953.03 Provision Towards Deferred Tax -3,200.62 -71.87 -153.36 -358.78 -347.32 -210.6 -205.52 Provision Towards Other Taxes 0 -0.05 0.93 0.42 0.38 0.36 0.41 Other Provisions and Contingencies 12,116.96 3,709.91 2,327.68 2,107.04 1,750.06 1,142.67 1,279.28 Total Provisions and Contingencies 13,905.24 7,879.95 6,027.62 5,238.42 4,123.70 3,188.66 3,027.20 Total Expenditure 52,554.19 42,135.84 36,485.82 31,828.71 28,554.25 23,172.66 16,398.45 Net Profit / Loss for The Year 3,679.28 8,223.66 7,357.82 6,217.67 5,179.43 4,242.21 3,388.49 Net Profit / Loss After EI & Prior Year Items 3,679.28 8,223.66 7,357.82 6,217.67 5,179.43 4,242.21 3,388.49 Profit / Loss Brought Forward 23,766.46 17,623.49 13,501.45 10,029.26 7,329.45 4,969.77 3,427.43
  • 31. [- 31 -] Total Profit / Loss available for Appropriations 27,445.74 25,847.15 20,859.27 16,246.93 12,508.88 9,211.98 6,815.92 APPROPRIATIONS Transfer To / From Statutory Reserve 919.82 2,055.92 1,839.46 1,554.42 1,294.86 1,060.55 847.12 Transfer To / From Reserve Fund 1.75 1.74 -1.27 1.05 2.61 51.9 4.76 Transfer To / From Capital Reserve 755.57 62.04 63.14 38.87 141.46 0 338.85 Transfer To / From Investment Reserve -87.17 -41.81 25.49 50.03 53.46 0 -14.94 Equity Share Dividend 1,197.52 1,191.42 1,087.54 939.69 843.86 658.24 573 Tax On Dividend 209.91 213.19 221.42 161.44 143.37 111.83 97.35 Balance Carried Over To Balance Sheet 24,448.33 22,364.65 17,623.49 13,501.45 10,029.26 7,329.45 4,969.77 Total Appropriations 27,445.74 25,847.15 20,859.27 16,246.93 12,508.88 9,211.98 6,815.92 EARNINGS PER SHARE Basic EPS (Rs.) 15.4 34.59 31 132.56 119.67 102.94 82.95 Diluted EPS (Rs.) 15.34 34.4 31 132.23 118.85 102.2 81.61 DIVIDEND PERCENTAGE Equity Dividend Rate (%) 250 250 230 200 180 160 140
  • 32. [- 32 -] Balance Sheet of Kotak Mahindra Bank (in Rs. Cr.) Mar '17 Mar '16 Mar '15 Mar '14 Mar '13 Mar '12 Mar '11 Mar '10 Mar '09 Mar '08 Capital and Liabilities: Total Share Capital 920.45 917.19 386.18 385.16 373.3 370.34 368.44 348.14 345.67 344.67 Equity Share Capital 920.45 917.19 386.18 385.16 373.3 370.34 368.44 348.14 345.67 344.67 Share Applicati on Money 1.87 3.41 3 8.53 17.53 34.82 36.92 0 0 0 Reserves 26,695. 62 23,041. 87 13,754. 91 11,889 .93 9,073. 65 7,575. 59 6,428. 04 4,191. 78 3,559. 86 3,249. 04 Net Worth 27,617. 94 23,962. 47 14,144. 09 12,283 .62 9,464. 48 7,980. 75 6,833. 40 4,539. 92 3,905. 53 3,593. 71 Deposits 157,425 .86 138,643 .02 74,860. 31 59,072 .33 51,028 .77 38,536 .52 29,260 .97 23,886 .47 15,644 .93 16,423 .65 Borrowin gs 21,095. 48 20,975. 34 12,149. 71 12,895 .58 20,410 .62 16,595 .52 11,723 .95 6,140. 51 5,904. 07 5,119. 25 Total Debt 178,52 1.34 159,61 8.36 87,010. 02 71,967 .91 71,439 .39 55,132 .04 40,984 .92 30,026 .98 21,549 .00 21,542 .90 Other Liabilitie s & Provision s 8,450.6 8 8,678.9 6 4,857.9 7 3,333. 82 2,789. 81 2,553. 99 3,032. 36 2,869. 42 3,257. 34 3,175. 75 Total Liabiliti es 214,58 9.96 192,25 9.79 106,01 2.08 87,585 .35 83,693 .68 65,666 .78 50,850 .68 37,436 .32 28,711 .87 28,312 .36 Assets Cash & Balances with RBI 7,492.4 3 6,903.4 3 3,928.3 0 2,948. 23 2,207. 90 2,016. 49 2,107. 72 2,085. 67 995.35 1,710. 29 Balance with Banks, Money at Call 15,079. 58 3,976.2 8 2,334.0 6 3,031. 66 1,481. 26 618.06 363.26 214.59 145.32 439.18 Advance s 136,08 2.13 118,66 5.30 66,160. 71 53,027 .63 48,468 .98 39,079 .23 29,329 .31 20,775 .05 16,625 .34 15,552 .22 Investm ents 45,074. 19 51,260. 22 30,421. 09 25,484 .55 28,873 .43 21,566 .81 17,121 .44 12,512 .66 9,110. 18 9,141. 99 Gross Block 1,537.6 3 1,551.5 9 1,206.7 1 1,106. 94 464.42 449.97 425.61 745.34 460.61 391.42 Net Block 1,537.6 3 1,551.5 9 1,206.7 1 1,106. 94 464.42 449.97 425.61 427.65 213.36 210.25 Other Assets 9,324.0 0 9,902.9 7 1,961.2 1 1,986. 33 2,197. 69 1,936. 23 1,503. 33 1,420. 69 1,622. 33 1,258. 43 Total Assets 214,58 9.96 192,25 9.79 106,01 2.08 87,585 .34 83,693 .68 65,666 .79 50,850 .67 37,436 .31 28,711 .88 28,312 .36 Continge nt Liabilitie s 213,385 .80 257,574 .33 68,092. 15 46,903 .54 42,117 .47 40,052 .52 35,422 .71 4,156. 15 4,486. 28 7,172. 79 Book Value (Rs) 150.01 130.61 183.09 159.35 126.53 107.28 92.23 130.4 112.98 104.26
  • 33. [- 33 -] Kotak Mahindra Bank Profit & Loss Account Mar-17 Mar-16 Mar-15 Mar-14 Mar-13 Mar-12 Mar-11 INCOME Interest / Discount on Advances / Bills 13,402.10 12,470.37 7,468.67 6,674.82 6,146.09 4,867.44 3,214.35 Income from Investments 3,681.04 3,456.01 2,215.85 2,050.04 1,869.83 1,306.35 957.18 Interest on Balance with RBI and Other Inter- Bank funds 218.32 92.91 24.06 27.17 24.33 4.07 17.19 Others 397.47 364.9 11.29 15.08 2.24 2.37 1.04 Total Interest Earned 17,698.93 16,384.18 9,719.87 8,767.12 8,042.49 6,180.24 4,189.75 Other Income 3,477.16 2,612.23 2,028.45 1,399.71 1,160.66 977.35 780.53 Total Income 21,176.09 18,996.42 11,748.32 10,166.83 9,203.15 7,157.58 4,970.29 EXPENDITURE Interest Expended 9,572.78 9,483.81 5,496.13 5,047.07 4,836.82 3,667.75 2,092.18 Payments to and Provisions for Employees 2,768.53 2,816.97 1,466.68 1,172.16 1,075.14 902.36 783.83 Depreciation 290.66 287.38 193 165.18 132.53 116.76 98.27 Operating Expenses (excludes Employee Cost & Depreciation) 2,559.30 2,367.17 1,595.05 1,205.27 1,002.06 815.71 671.22 Total Operating Expenses 5,618.50 5,471.52 3,254.73 2,542.61 2,209.73 1,834.83 1,553.32 Provision Towards Income Tax 1,800.31 1,036.12 895.97 741.78 632.89 493.15 360.91 Provision Towards Deferred Tax -63.74 -2.32 70.95 28.11 -21.58 21.69 8.59 Provision Towards Other Taxes 0 0.14 0.06 0.04 0.03 0.03 0.02 Other Provisions and Contingencies 836.74 917.37 164.5 304.7 184.55 55.08 137.09 Total Provisions and Contingencies 2,573.31 1,951.31 1,131.48 1,074.63 795.89 569.95 506.61 Total Expenditure 17,764.59 16,906.64 9,882.34 8,664.31 7,842.44 6,072.53 4,152.10 Net Profit / Loss for The Year 3,411.50 2,089.78 1,865.98 1,502.52 1,360.72 1,085.05 818.18 Net Profit / Loss After EI & Prior Year Items 3,411.50 2,089.78 1,865.98 1,502.52 1,360.72 1,085.05 818.18
  • 34. [- 34 -] Profit / Loss Brought Forward 8,214.12 5,095.26 4,005.29 3,016.60 2,162.79 1,494.52 965.91 Transferred on Amalgamation 0 1,674.71 0 0 0 0 0 Total Profit / Loss available for Appropriations 11,625.62 8,859.75 5,871.27 4,519.12 3,523.51 2,579.57 1,784.09 APPROPRIATIONS Transfer To / From Statutory Reserve 852.88 522.45 466.5 375.63 340.18 271.27 204.55 Transfer To / From Special Reserve 55 45 28 32 28.5 25 29 Transfer To / From Capital Reserve 10.55 9.17 5.91 0.4 0 0.02 0.69 Transfer To / From General Reserve 0 0 93.3 75.13 68.04 54.26 40.91 Transfer To / From Investment Reserve -48.49 -41.52 86.65 -41.1 10.52 14.52 -26.83 Equity Share Dividend 0.07 91.84 82.07 63.08 52.38 44.49 36.88 Tax On Dividend -0.68 18.7 13.58 8.69 7.29 7.22 4.37 Balance Carried Over To Balance Sheet 10,756.29 8,214.12 5,095.26 4,005.29 3,016.60 2,162.79 1,494.52 Total Appropriations 11,625.62 8,859.75 5,871.27 4,519.12 3,523.51 2,579.57 1,784.09 EARNINGS PER SHARE Basic EPS (Rs.) 18.57 11.42 24.2 19.62 18.31 14.69 11.35 Diluted EPS (Rs.) 18.55 11.4 24.14 19.59 18.24 14.61 11.28 DIVIDEND PERCENTAGE Equity Dividend Rate (%) 12 10 18 16 14 12 10
  • 35. [- 35 -] Balance Sheet of HDFC Bank (in Rs. Cr.) Mar '17 Mar '16 Mar '15 Mar '14 Mar '13 Mar '12 Mar '11 Mar '10 Mar '09 Mar '08 Capital and Liabilities: Total Share Capital 512.51 505.64 501.3 479.81 475.88 469.34 465.23 457.74 425.38 354.43 Equity Share Capital 512.51 505.64 501.3 479.81 475.88 469.34 465.23 457.74 425.38 354.43 Reserve s 88,949. 84 72,172. 13 61,508. 12 42,998. 82 35,738. 26 29,455. 04 24,911. 13 21,064. 75 14,226. 43 11,142. 80 Net Worth 89,462 .35 72,677 .77 62,009 .42 43,478 .63 36,214 .14 29,924 .68 25,379 .27 21,522 .49 15,052 .73 11,497 .23 Deposits 643,63 9.66 546,42 4.19 450,79 5.64 367,33 7.48 296,24 6.98 246,70 6.45 208,58 6.41 167,40 4.44 142,81 1.58 100,76 8.60 Borrowi ngs 74,028. 87 53,018. 47 45,213. 56 39,438. 99 33,006. 60 23,846. 51 14,394. 06 12,915. 69 2,685.8 4 4,478.8 6 Total Debt 717,66 8.53 599,44 2.66 496,00 9.20 406,77 6.47 329,25 3.58 270,55 2.96 222,98 0.47 180,32 0.13 145,49 7.42 105,24 7.46 Other Liabilitie s & Provisio ns 56,709. 32 36,725. 13 32,484. 46 41,344. 40 34,864. 17 37,431. 87 28,992. 86 20,615. 94 22,720. 62 16,431. 91 Total Liabiliti es 863,84 0.20 708,84 5.56 590,50 3.08 491,59 9.50 400,33 1.89 337,90 9.51 277,35 2.60 222,45 8.56 183,27 0.77 133,17 6.60 Assets Cash & Balance s with RBI 37,896. 88 30,058. 31 27,510. 45 25,345. 63 14,627. 40 14,991. 09 25,100. 82 15,483. 28 13,527. 21 12,553. 18 Balance with Banks, Money at Call 11,055. 22 8,860.5 3 8,821.0 0 14,238. 01 12,652. 77 5,946.6 3 4,568.0 2 14,459. 11 3,979.4 1 2,225.1 6 Advanc es 554,56 8.20 464,59 3.96 365,49 5.03 303,00 0.27 239,72 0.64 195,42 0.03 159,98 2.67 125,83 0.59 98,883 .05 63,426 .90 Investm ents 214,46 3.34 163,88 5.77 166,45 9.95 120,95 1.07 111,61 3.60 97,482 .91 70,929 .37 58,607 .62 58,817 .55 49,393 .54 Gross Block 3,626.7 4 3,343.1 6 3,121.7 3 2,939.9 2 2,703.0 8 2,347.1 9 2,170.6 5 4,707.9 7 3,956.6 3 2,386.9 9 Net Block 3,626. 74 3,343. 16 3,121. 73 2,939. 92 2,703. 08 2,347. 19 2,170. 65 2,122. 81 1,706. 73 1,175. 13 Other Assets 42,229. 82 38,103. 84 19,094. 91 25,124. 60 19,014. 41 21,721. 64 14,601. 08 5,955.1 5 6,356.8 3 4,402.6 9 Total Assets 863,84 0.20 708,84 5.57 590,50 3.07 491,59 9.50 400,33 1.90 337,90 9.49 277,35 2.61 222,45 8.56 183,27 0.78 133,17 6.60 Conting ent Liabiliti es 848,71 7.62 876,80 8.11 997,53 8.88 744,09 7.98 746,22 6.39 883,98 5.32 588,55 0.98 466,23 6.24 396,59 4.31 582,83 5.94 Book Value (Rs) 349.12 287.47 247.39 181.23 152.2 127.52 545.46 470.19 344.44 324.38
  • 36. [- 36 -] HDFC Bank Profit & Loss Account Mar-17 Mar-16 Mar-15 Mar-14 Mar-13 Mar-12 Mar-11 INCOME Interest / Discount on Advances / Bills 52,055.26 44,827.86 37,180.79 31,686.92 26,822.39 20,536.60 15,085.01 Income from Investments 15,944.34 14,120.03 10,705.61 9,036.85 7,820.26 6,504.59 4,675.44 Interest on Balance with RBI and Other Inter-Bank funds 532.02 361.61 517.1 355.99 281.63 137.14 148.08 Others 774.34 911.95 66.41 55.78 140.59 108.02 19.68 Total Interest Earned 69,305.96 60,221.45 48,469.90 41,135.53 35,064.87 27,286.35 19,928.21 Other Income 12,296.50 10,751.72 8,996.35 7,919.64 6,852.62 5,243.69 4,335.15 Total Income 81,602.46 70,973.17 57,466.26 49,055.18 41,917.50 32,530.05 24,263.36 EXPENDITURE Interest Expended 36,166.73 32,629.93 26,074.24 22,652.90 19,253.75 14,989.58 9,385.08 Payments to and Provisions for Employees 6,483.66 5,702.20 4,750.96 4,178.98 3,965.38 3,399.91 2,836.04 Depreciation 833.12 705.84 656.3 671.61 651.67 542.52 497.41 Operating Expenses (excludes Employee Cost & Depreciation) 12,386.55 10,571.66 8,580.29 7,191.61 6,619.07 4,647.64 3,819.46 Total Operating Expenses 19,703.34 16,979.70 13,987.54 12,042.20 11,236.12 8,590.06 7,152.91 Provision Towards Income Tax 7,916.97 6,507.59 5,204.03 4,269.41 3,275.76 2,606.25 2,237.46 Provision Towards Deferred Tax -327.54 -165.88 -91.23 24.27 -251.42 -260.18 -345.2 Provision Towards Other Taxes 0 0 0.75 0.75 0.6 0.55 0.6 Other Provisions and Contingencies 3,593.31 2,725.61 2,075.01 1,587.27 1,676.40 1,436.70 1,906.11 Total Provisions and Contingencies 11,182.74 9,067.32 7,188.56 5,881.70 4,701.34 3,783.32 3,798.97 Total Expenditure 67,052.82 58,676.96 47,250.34 40,576.80 35,191.21 27,362.96 20,336.96 Net Profit / Loss for The Year 14,549.64 12,296.21 10,215.92 8,478.38 6,726.28 5,167.09 3,926.40 Net Profit / Loss After EI & Prior Year Items 14,549.64 12,296.21 10,215.92 8,478.38 6,726.28 5,167.09 3,926.40
  • 37. [- 37 -] Profit / Loss Brought Forward 23,527.69 18,627.79 14,654.15 11,132.18 8,399.65 6,174.24 4,532.79 Total Profit / Loss available for Appropriations 38,077.33 30,924.01 24,870.07 19,610.56 15,125.93 11,341.33 8,459.20 APPROPRIATIONS Transfer To / From Statutory Reserve 3,637.41 3,074.05 2,553.98 2,119.59 1,681.57 1,291.77 981.6 Transfer To / From Capital Reserve 313.41 222.15 224.92 58.27 85.85 0 0.36 Transfer To / From General Reserve 1,454.96 1,229.62 1,021.59 847.84 672.63 516.71 392.64 Transfer To / From Investment Reserve 4.29 -8.52 27.54 3.22 17.66 -41.69 15.56 Dividend and Dividend Tax for The Previous Year -1.69 -11.71 0.84 4.85 4.47 2.12 2.65 Equity Share Dividend 0 2,401.78 2,005.20 1,643.35 1,309.08 1,009.08 767.62 Tax On Dividend 0 488.95 408.21 279.29 222.48 163.7 124.53 Balance Carried Over To Balance Sheet 32,668.94 23,527.69 18,627.79 14,654.15 11,132.18 8,399.65 6,174.24 Total Appropriations 38,077.33 30,924.01 24,870.07 19,610.56 15,125.93 11,341.33 8,459.20 EARNINGS PER SHARE Basic EPS (Rs.) 57.18 48.84 42 35.47 28.49 22.11 17 Diluted EPS (Rs.) 56.43 48.26 42 35.21 28.18 21.91 16.81 DIVIDEND PERCENTAGE Equity Dividend Rate (%) 550 475 400 343 275 215 165
  • 38. [- 38 -] Balance Sheet of ICICI Bank (in Rs. Cr.) Mar '17 Mar '16 Mar '15 Mar '14 Mar '13 Mar '12 Mar '11 Mar '10 Mar '09 Mar '08 Capital and Liabilities: Total Share Capital 1,165.1 1 1,163.1 7 1,159.6 6 1,155.0 4 1,153.6 4 1,152.7 7 1,151.8 2 1,114.8 9 1,463.2 9 1,462.6 8 Equity Share Capital 1,165.1 1 1,163.1 7 1,159.6 6 1,155.0 4 1,153.6 4 1,152.7 7 1,151.8 2 1,114.8 9 1,113.2 9 1,112.6 8 Share Applicat ion Money 6.26 6.7 7.44 6.57 4.48 2.39 0.29 0 0 0 Reserve s 95,737. 57 85,748. 24 79,262. 26 72,051. 71 65,547. 84 59,250. 09 53,938. 82 50,503. 48 48,419. 73 45,357. 53 Net Worth 96,908. 94 86,918 .11 80,429 .36 73,213 .32 66,705 .96 60,405 .25 55,090 .93 51,618 .37 49,883 .02 46,820 .21 Deposits 490,039 .06 421,42 5.71 361,56 2.73 331,91 3.66 292,61 3.63 255,49 9.96 225,60 2.11 202,01 6.60 218,34 7.82 244,43 1.05 Borrowi ngs 147,556 .15 174,80 7.38 172,41 7.35 154,75 9.05 145,34 1.49 140,16 4.91 109,55 4.28 94,263. 57 67,323. 69 65,648. 43 Total Debt 637,59 5.21 596,23 3.09 533,98 0.08 486,67 2.71 437,95 5.12 395,66 4.87 335,15 6.39 296,28 0.17 285,67 1.51 310,07 9.48 Other Liabilitie s & Provisio ns 34,245. 16 34,726. 44 31,719. 86 34,755. 55 32,133. 60 17,576. 98 15,986. 35 15,501. 18 43,746. 43 42,895. 39 Total Liabilit ies 768,74 9.31 717,87 7.64 646,12 9.30 594,64 1.58 536,79 4.68 473,64 7.10 406,23 3.67 363,39 9.72 379,30 0.96 399,79 5.08 Assets Cash & Balance s with RBI 31,702. 41 27,106. 09 25,652. 91 21,821. 83 19,052. 73 20,461. 29 20,906. 97 27,514. 29 17,536. 33 29,377. 53 Balance with Banks, Money at Call 44,010. 66 32,762. 65 16,651. 71 19,707. 77 22,364. 79 15,768. 02 13,183. 11 11,359. 40 12,430. 23 8,663.6 0 Advanc es 464,23 2.08 435,26 3.94 387,52 2.07 338,70 2.65 290,24 9.44 253,72 7.66 216,36 5.90 181,20 5.60 218,31 0.85 225,61 6.08 Invest ments 161,50 6.55 160,41 1.80 186,58 0.03 177,02 1.82 171,39 3.60 159,56 0.04 134,68 5.96 120,89 2.80 103,05 8.31 111,45 4.34 Gross Block 7,805.2 1 7,576.9 2 4,725.5 2 4,678.1 4 4,647.0 6 4,614.6 9 4,744.2 6 7,114.1 2 7,443.7 1 7,036.0 0 Revalua tion Reserve s 3,042.1 4 2,817.4 7 0 0 0 0 0 3,901.4 3 3,642.0 9 2,927.1 1 Net Block 4,763.0 7 4,759. 45 4,725. 52 4,678. 14 4,647. 06 4,614. 69 4,744. 26 3,212. 69 3,801. 62 4,108. 89 Other Assets 62,534. 55 57,573. 70 24,997. 05 32,709. 39 29,087. 07 19,515. 39 16,347. 47 19,214. 93 24,163. 62 20,574. 63 Total Assets 768,74 9.32 717,87 7.63 646,12 9.29 594,64 1.60 536,79 4.69 473,64 7.09 406,23 3.67 363,39 9.71 379,30 0.96 399,79 5.07 Conting ent Liabilitie s 1,053,6 16.90 922,45 3.51 868,19 0.58 794,96 5.35 802,38 3.84 923,03 7.16 931,65 1.64 694,94 8.84 803,99 1.92 371,73 7.36 Book Value (Rs) 166.37 149.47 138.72 634.6 578.65 524.43 479.45 463.01 444.94 417.64
  • 39. [- 39 -] ICICI Bank Profit & Loss Account Mar-17 Mar-16 Mar-15 Mar-14 Mar-13 Mar-12 Mar-11 INCOME Interest / Discount on Advances / Bills 39,603.39 38,943.15 35,631.08 31,427.93 27,341.11 22,129.89 16,424.78 Income from Investments 11,377.07 10,625.35 11,944.57 11,557.06 11,009.27 9,684.02 7,905.19 Interest on Balance with RBI and Other Inter-Bank funds 495.46 158.24 195.1 199.98 542.98 491.14 366.77 Others 2,680.35 3,012.69 1,320.39 993.19 1,182.24 1,237.60 1,277.31 Total Interest Earned 54,156.28 52,739.43 49,091.14 44,178.15 40,075.60 33,542.65 25,974.05 Other Income 19,504.48 15,323.05 12,176.13 10,427.87 8,345.70 7,502.76 6,647.89 Total Income 73,660.76 68,062.49 61,267.27 54,606.02 48,421.30 41,045.41 32,621.95 EXPENDITURE Interest Expended 32,418.96 31,515.39 30,051.53 27,702.59 26,209.18 22,808.50 16,957.15 Payments to and Provisions for Employees 5,733.71 3,012.69 4,749.88 4,220.11 3,893.29 3,515.28 2,816.93 Depreciation 757.65 679.29 623.89 544.27 457.34 482.27 483.52 Depreciation on Leased Assets 0 19.22 35.06 31.7 32.82 42.26 78.91 Operating Expenses (excludes Employee Cost & Depreciation) 8,263.70 8,972.36 6,087.01 5,512.79 4,629.44 3,810.63 3,237.88 Total Operating Expenses 14,755.06 12,683.56 11,495.83 10,308.86 9,012.88 7,850.44 6,617.25 Provision Towards Income Tax 2,180.12 5,788.61 4,859.14 3,839.50 2,998.20 2,187.42 2,138.11 Provision Towards Deferred Tax 702.6 -3,319.18 -219.57 313.19 66.02 144.65 -531.78 Provision Towards Other Taxes 0 0 5 5 7 6.1 3 Other Provisions and Contingencies 13,802.94 11,667.82 3,899.99 2,626.41 1,802.54 1,583.05 2,286.84 Total Provisions and Contingencies 16,685.66 14,137.25 8,544.56 6,784.10 4,873.76 3,921.22 3,896.17 Total Expenditure 63,859.67 58,336.20 50,091.92 44,795.55 40,095.83 34,580.15 27,470.57 Net Profit / Loss for The Year 9,801.09 9,726.29 11,175.35 9,810.48 8,325.47 6,465.26 5,151.38 Net Profit / Loss After EI & Prior Year Items 9,801.09 9,726.29 11,175.35 9,810.48 8,325.47 6,465.26 5,151.38 Profit / Loss Brought Forward 17,132.19 17,261.42 13,318.59 9,902.29 7,054.23 5,018.18 3,464.38
  • 40. [- 40 -] Total Profit / Loss available for Appropriations 26,933.28 26,987.70 24,493.94 19,712.76 15,379.71 11,483.44 8,615.76 APPROPRIATIONS Transfer To / From Statutory Reserve 2,450.30 2,431.60 2,793.90 2,453.00 2,082.00 1,617.00 1,288.00 Transfer To / From Reserve Fund 0.98 0.93 0.77 4.61 2.78 1.07 0.04 Transfer To / From Special Reserve 450 1,350.00 1,100.00 900 760 650 525 Transfer To / From Capital Reserve 5,293.30 2,382.24 291.93 76 33 38 83.25 Transfer To / From Investment Reserve 0 0 -127 127 0 0.32 0.26 Transfer To / From Revenue And Other Reserves 0 500 0 0 0 0 -116 Dividend and Dividend Tax for The Previous Year -6.24 3.85 2.98 -53.97 0.25 0.43 2.17 Equity Share Dividend 0 2,907.52 2,898.81 2,656.28 2,307.23 1,902.04 1,612.58 Tax On Dividend 0 279.37 271.15 231.25 292.16 220.35 202.28 Balance Carried Over To Balance Sheet 18,744.94 17,132.19 17,261.42 13,318.59 9,902.29 7,054.23 5,018.18 Total Appropriations 26,933.28 26,987.70 24,493.94 19,712.76 15,379.71 11,483.44 8,615.76 EARNINGS PER SHARE Basic EPS (Rs.) 16.84 16.75 19.32 84.99 72.2 56.11 45.27 Diluted EPS (Rs.) 16.77 16.65 19.13 84.65 71.93 55.95 45.06 DIVIDEND PERCENTAGE Equity Dividend Rate (%) 125 250 250 230 200 165 140