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AN EMPIRICAL STUDY OF FINANCIAL PERFORMANCE OF ICICI BANK- A

COMPARATIVE ANALYSIS
Ms. Shikha Gupta
Assistant Professor (Finance & Marketing),
Institute of Innovation in Technology and Management, Janakpuri. New Delhi.
E-Mail- shikhagupta.iitm@gmail.com

ABSTRACT
In todays financial world, financial performance is a mundane amongst the perspective of various
stakeholders, be it in the management, lenders, owners and investors perspective. And it is out of
analysis of financial statements. Financial performance is crucial for taking financial decisions
related to planning and control. Hence, it forms the basis as one of the paramount importance for
taking financial decisions effectively.
Banking Sector plays an important role in economic development of a country. The banking system
of India is featured by a large network of bank branches, serving many kinds of financial services of
the people Industrial Credit and Investment Corporation of India (ICICI) Bank today is a leading
player in Indian banking industry and is deeply engaged in human and economic development at the
national level. The Bank works closely with ICICI Foundation across diverse sectors and programs.
As of 2014 it is the second largest bank in India in terms of assets and market capitalization. ICICI
bank emerged as a pioneer venture on the horizon of offering an expanded range of banking
products and financial services for corporate and retail customers through its diverse delivery
channels and specialized subsidiaries in the areas of investment banking, asset management, venture
capital and insurance. In the light of its strategic importance in the nation interest, it is crucial to
evaluate the financial performance of the ICICI Bank. And the present study focused on operational
control, profitability and solvency etc. This research paper is aimed to analyse and compare the
Financial Performance of ICICI Bank and offer suggestions for the improvement of efficiency in the
bank.
Keywords:
Advances, ICICI, financial performance, Solvency, Investment banking, Leverage Ratio

IITM Journal of Business Studies (JBS) Vol. 1, Issue 1, 2014

the one hand, the PSBs, which are the mainstay

INTRODUCTION

of the Indian Banking system, are in the process


Today a large section of people, who have
minimal financial literacy, are keen to know the
financial performance status of the banks where
their deposits are vested. They may be as an
investor, manager, employee, owner, lender,
customer, government and public at large.
Financial performance is not airily available
from the records and files in any organisation. It
has to be derived by the usage of financial
statement analysis techniques. The selection and

of shedding their flab in terms of massive


manpower, excessive Non Performing Assets
(NPAs), while on the other hand the private
sector banks are consolidating themselves
through mergers and acquisitions. PSBs share is
78 and 79 percent in total deposits and advances
respectively. Over the last four years their
deposits and advances have grown 2.2 and 2.3
times respectively.(The Indian Express Sep 03
2011).

usage of technique is subject to the option of the


user. Some of the important and commonly used
techniques are: Ratio Analysis, Cross section
analysis Comparative statement analysis, Time
series analysis, Common size analysis, and
DuPont Analysis. The usefulness of ratios
depends on skilful interpretation and intelligence
of the user. The present study is devoted to
analyse the financial performance of ICICI Bank
by using ratio analysis with a view to give
meaningful interpretations for the stakeholders
of the selected company.

Company Profile:
ICICI Bank was originally promoted in 1994 by
the Industrial Credit and Investment Corporation
of India (ICICI), an Indian financial institution,
as a wholly owned subsidiary. ICICI Limited, an
Indian financial institution, and was its whollyowned subsidiary. ICICI was formed in 1955 at
the

initiative

of

the

World

Bank,

the

Government of India and representatives of


Indian industry. The bank was initially known as
the Industrial Credit and Investment Corporation
of India Bank, before it changed its name to the

Industry profile: An efficient banking system is


recognized as basic requirement for of any
economy as they play crucial role in the

abbreviated ICICI Bank. The parent company


was later merged with the bank. ICICI Bank
launched internet banking operations in 1998

economic development of an economy. Banks


mobilize

the

savings

of community

into

productive channels. The Indian banking system


is featured by a large network of bank branches,
serving many kinds of financial needs of the
people. It is currently in a transition phase. On

ICICI Bank Ltd is a major banking and financial


services organization in India. The Bank is the
second largest bank in India and the largest
private sector

bank in India

by market

capitalization. They are a publicly held banking

IITM Journal of Business Studies (JBS) Vol. 1, Issue 1, 2014

company engaged in providing a wide range of

India (NSE), Credit Rating Information Services

banking

including

of India Limited (CRISIL), National Commodity

commercial banking and treasury operations.

& Derivatives Exchange Limited (NCDEX),

The Bank and their subsidiaries offers a wide

Entrepreneurship Development Institute of India

range

services

(EDII) etc. to establish financial infrastructure in

including commercial banking, retail banking,

the country over the years. ICICI Bank's equity

project and corporate finance, working capital

shares are listed in India on Bombay Stock

finance, insurance, venture capital and private

Exchange and the National Stock Exchange of

equity, investment banking, broking and treasury

India Limited and its American Depositary

products and services. They offer through a

Receipts (ADRs) are listed on the New York

variety of delivery channels and through their

Stock Exchange (NYSE).

and

of

financial

banking

and

services

financial

specialised subsidiaries in the field of investment


banking, life and non-life insurance, venture

Companys Vision: ICICI Banks vision is To

capital and asset management. The Bank has a

be the leading provider of financial services in

network of 2,035 branches and around 5,518

India and a major global bank. In other words,

ATMs in India and presence in 18 countries.

its vision is to be the preferred bank for total

They have subsidiaries in the United Kingdom,

financial

Russia and Canada, branches in United States,

corporate and individuals.

Singapore, Bahrain, Hong Kong, Sri Lanka,


Qatar and Dubai International Finance Centre
and representative offices in United Arab
Emirates, China, South Africa, Bangladesh,
Thailand, Malaysia and Indonesia. ICICI Bank is
India's largest private sector bank with total
assets of Rs. 5,946.42 billion (US$ 99 billion) at
March 31, 2014 and profit after tax Rs. 98.10
billion (US$ 1,637 million) for the year ended
March 31, 2014. In 2000, ICICI Bank became

and

banking solutions for

both

For over five decades, the ICICI Group has


partnered India in its economic growth and
development. Promoting inclusive growth has
been a priority area for the Group from both a
social and business perspective. The ICICI
Group strives to make a difference to its
customers, to the society and to the nations
development directly through its products and
services, as well as through development
initiatives and community outreach.

the first Indian bank to list on the New York


Stock Exchange with its five million American
depository shares issue generating a demand
book 13 times the offer size. The bank has
contributed to the set up of a number of Indian
institutions like National Stock Exchange of

ICICI Foundation for Inclusive Growth (ICICI


Foundation) was founded by the ICICI Group in
early 2008 to carry forward and build upon its
legacy of promoting inclusive growth. ICICI
Foundation works within public systems and

IITM Journal of Business Studies (JBS) Vol. 1, Issue 1, 2014

specialised grassroots organisations to support

Joseph Jelsy and Vetrivel, (2012) have studied

developmental work in four identified focus

the financial performance in connection with

areas

Activity Based Costing, and concluded that


better cost predictions, loss making products are

Companys Mission: ICICI Banks Mission is to

identified. The ABC can be used for cost

leverage their people, technology, speed and

reduction, DSS( Decision Support System)

financial capital to:

budgeting and better performance measurement


in order to improve the financial performance of

Be the banker of first choice for their

the companies.

customers by delivering high quality,


Aggarwal Nisha, Gupta Neeti - ICICI provides

world-class products and services.

Expand the frontiers of their business

modernization of industrial enterprises within

globally.

Play a proactive role in the full

the private sector in India and encourages the


participation of private capital, both internal and

realisation of Indias potential.

full assistance to the creation, expansion and

Maintain a healthy financial profile and

external, in such enterprises.

diversify their earnings across businesses

Khan M. Y.- Recently ICICI Ltd. (along with

and geographies.

two of its subsidiaries, ICICI Personal Finance

Maintain high standards of governance

Services Ltd. and ICICI Capital Services Ltd.)

and ethics.

has been merged with ICICI bank Ltd; effective

Contribute positively to the various

from May3, 2002. The erstwhile DFI has thus

countries and markets in which they

ceased to exist. Its main objective is to

operate.

encourage and promote private ownership of

Create value for their stakeholders.

industrial

investment

and

expansion

of

investment markets.
I.

REVIEW OF LITERATURE
Singh A.B., Tondon P. (2012) examined the

Reddy K. Sriharsha (2012) analysed relative

financial performance of SBI and ICICI Bank,

performance of banks in India using CAMEL

public sector and private sector respectively. The

approach. It is found that public sector banks

study found that SBI is performing well and

have appreciably improved indicating positive

financially sound than ICICI Bank but in context

impact of the reforms in liberalizing interest

of deposits and expenditure ICICI bank has

rates,

better managing efficiency than SBI.

rationalizing

directed

credit

and

Investments and increasing competition.

IITM Journal of Business Studies (JBS) Vol. 1, Issue 1, 2014

Srinivas K., Saroja L.(2013) compared and

from annual reports of the company in Table 4

analyzed the Financial Performance of HDFC

(Dion Global Solutions Limited) and online

and ICICI Bank . For the purpose of analysis of

database. To analyze the data the standard tool

comparative

the

ratio analysis is applied for the study. For

selected banks using CAMELS model with t-

evaluating the financial performance and better

test. The result showed that there is no

controlling the activities of the ICICI bank, the

significance difference between the ICICI and

ideal norms are industry average ratios.

financial

performance

of

HDFC banks financial performance but the


ICICI

bank

performance

is

slightly

less

III.

DATA ANALYSIS AND FINDINGS

The growth rate of the selected company in

compared with HDFC.

terms of PAT, turnover, share capital, net worth,


STATEMENT OF PROBLEM

No research is completed until it has formulated


a specific problem. The problem of the study is
to analyze the financial status of ICICI Bank
Ltd.

investments, total assets are furnished in table 2.

It is observed from the table 2 that the growth


rate of profit, share capital and reserve & surplus
over last five years are 143.72%, 3.58% and
42.66% respectively. The interest earned is
44,178.15cr

Objectives of the study:

as

compared

to

41,155.53cr,

30,641.16cr, 8,767.12cr and 8,253.53cr of

To know the growth rate of the company

HDFC Bank, Axis Bank, Kotak Mahindra and

in terms of turnover, share capital, PAT,

IndusInd Bank respectively for Mar,14.

net worth, nets assets and investments


during the study period.

The financial performance of the ICICI Bank has

To assess the profitability

been analyzed by grouping the financial ratios in

To assess short and long-term solvency

four broad categories viz; Liquidity ratios,

To judge the utilization of its resources.

profitability ratio and activity ratio as it is an


important

technique

statement analysis.

They

of financial
are

useful

for understanding the financial position of the


II.

RESEARCH METHODOLOGY

The period of evaluating financial performance


of ICICI bank ranging from 2009-10 to 2013-14
i.e. for five years. Secondary data is collected

company.

Liquidity

Ratios:

Ratios

provide

in

summarized and concise form of fairly good idea

IITM Journal of Business Studies (JBS) Vol. 1, Issue 1, 2014

about the financial position of a unit. They are

Quick Ratio/ Acid test ratio: The Quick Ratio

important tools for financial analysis. Liquidity

attempts to measure the ability of the firm to

ratios measure the availability of cash to pay

meet its obligations relying solely on its more

maturing current obligations.

liquid Current Asset accounts such as Cash and


Accounts Receivable. This ratio is calculated by

Current Ratio: The current ratio is a liquidity and

dividing Current Assets less Inventories by

efficiency ratio that measures a firm's ability to

Current Liabilities. The ideal quick ratio is 1:1

pay off its short-term liabilities with its current

i.e, liquid assets must be ideally equal to the

assets. The current ratio is an important measure

current liabilities. In case the ratio falls short of

of liquidity because short-term liabilities are due

1:1 than it depicts weak short term financial

within the next year. The ideal current ratio is

position and vice versa. The current ratio of

2:1 i.e. current assets must be twice of current

ICICI Bank for the study period is shown in

liabilities. In case this ratio is less that the ideal

Table 3.

ratio of 2:1, the short term financial position is

From the table 3 it is eminent that the acid test

not supposed to be very sound. And in case it is

ratio of ICICI is in multiples of standard norm

more than the ideal one, than it shows idleness

i.e. 1:1 during the study period. The quick ratio

of working capital. The current ratio is presented

of ICICI Bank is 11.31, 10.53, 9.37, 15.86, and

in table 3.

14.70 respectively during the study period. This

From the table 3 it has been observed that there

reveals the healthy sign in its solvency position

is ups and down during the study period. The

and if look at the other side it symbolize the

current ratio of ICICI bank is lower than the

ineffective financial management.

standard norm (2:1) throughout the study period


and shows the banks ability to pay its current

Leverage ratios: The ratio used to calculate the

liabilities is not sound enough. The current Ratio

financial leverage of a company to get an idea of

or liquid ratio of the bank for the study period

the company's methods of financing or to

are; 0.09, 0.98, 0.12, 0.07, 0.14 respectively.

measure its ability to meet financial obligations.

There is high modulation in liquidity ratio of the

There are several different ratios, but the main

bank. Hence, the analysis gives the exact result

factors looked at include debt, equity, assets and

and provides a way to the management to take

interest expenses. The Debt Ratio, Debt-Equity

remedial steps to control and improve the

Ratio, and Equity Multiplier are essentially three

extreme deviations the solvency position of the

ways of looking at the same thing: the firm's use

company.

of debt to finance its assets. The most well


known financial leverage ratio is the debt-to-

IITM Journal of Business Studies (JBS) Vol. 1, Issue 1, 2014

equity ratio (Total Debt to Owners Fund) viz.

company. The processed information regarding

used in the current study.

EPS has been furnished in Table 3.

Total Debt to Owners Fund (DER): A measure

EPS (Earning Per Share): Earnings per share is

of a company's financial leverage calculated by

generally considered to be the single most

dividing its total liabilities by stockholders'

important variable in determining a share's price.

equity. It indicates what proportion of equity and

It is also a major component used to calculate

debt the company is using to finance its assets. It

the price-to-earnings valuation ratio i.e. whether

measures the long term solvency of the firm.

the company is able to use its equity share

Normally DER of 2:3 or 0.67 is considered as

capital effectively while comparing with other

satisfactory. The Total Debt to Owners Fund is

companies in the industry. It is the portion of a

shown in Table 3.

company's profit allocated to each outstanding


share of common stock. Earnings per share serve

From the table 3, The Total Debt to Owners

as an indicator of a company's profitability.

Fund of ICICI Bank is 4.53, 4.39, 4.23, 4.10 and


3.91 respectively for the study period. By

From table 3, it is observed that the growth of

analysing these figures it is clear that the bank is

profit after tax is excellent throughout the study

highly levered. A higher proportion is not

period. And EPS has amplified from 36.10 to

considered as good and its an indication of early

84.94. Hence it can be inferred that the banks

warning signal for insolvency of the firm. By

overall performance is quite good over the years

observing the data it is clear that the bank uses

in effective utilization of its equity share capital.

too much debt in its capital structure.

While looking at EPS of the bank, it is clear that


it is increasing progressively during the study

Profitability Ratio: A profitability ratio is a

period.

measure of profitability, which is a way to


measure a company's performance. It can be

Dividend Payout Ratio: The DP ratio provides

derived by either on sales or investments.

an idea of how well earnings support the

Profitability is simply the capacity to make a

dividend payments. More mature companies

profit, and a profit is what is left over from

tend to have a higher payout ratio. It is the

income earned after you have deducted all costs

percentage of earnings paid to shareholders in

and expenses related to earning the income. It

dividends. The ratio has great importance to the

includes profit margin, ROI, ROA, ROE, Net

shareholders and management. The higher the

profit after tax to net worth. In this study EPS

ratio, the better it is. The processed information

has been used to assess the profitability of the

pertaining to the ICICI Bank is given in Table 3.

IITM Journal of Business Studies (JBS) Vol. 1, Issue 1, 2014

From the table 3, it is observed that the range of

0.08, 0.08, 0.07 and 0.10 respectively which is

DP

quite stable and a good sign.

Ratio

27.07,

27.71,

29.41,

is

31.30,

and

37.30

respectively. The DP ratio is declining over the

Total Assets Turnover Ratios: The Total Assets

years and reduction in dividends paid is looked

Turnover Ratio is a financial ratio that measures

poorly upon by investors, and the stock price

the efficiency of a company's use of its assets in

usually depreciates as investors seek other

making sales revenue. This ratio considers all

dividend-paying stocks.

assets,

current

and

fixed.

Those

assets

include fixed assets, like plant and equipment, as


Activity Ratio: Activity ratios are used to

well as inventory, accounts receivable, as well as

measure the relative efficiency of a firm based

any other current assets. The lower the total asset

on its use of its assets, leverage or other such

turnover ratio, as compared to historical data for

balance sheet items. These ratios are important

the firm and industry data, the more sluggish the

in

company's

firm's sales. This may indicate a problem with

management is doing a good enough job of

one or more of the asset categories composing

generating

its

total assets - inventory, receivables, or fixed

resources. These includes Debtor turnover ratio,

assets. The Total Assets Turnover Ratio of ICICI

inventory turnover ratio and total assets turnover

bank is shown in table 3.

determining

whether

revenues,

cash,

etc.

from

ratio. But in this paper Asset Turnover Ratio and


Total Assets Turnover Ratio were applied to test
the effectiveness of the bank.

From the table 3, it is clear that the Total Assets


Turnover Ratio if the bank is 0.07, 0.07, 0.06,
0.08 and 0.09 respectively for the study period.

Asset Turnover Ratio: The Asset Turnover ratio


is an indicator of the efficiency with which a
company is deploying its assets. In other words,
the amount of sales or revenues generated per

Initially it was surged from 0.09 to 0.06 in two


years but has revived again. This means the
efficiency

of

the

management

has

been

improved a lot.

unit of assets. It can be said that the higher the


ratio, the better it is, since it implies the
company is generating more revenues per unit of
assets. The statistics regarding Asset turnover
ratio is enlisted in table 3.

From table 3, it is observed that the range of


Asset Turnover Ratio of ICICI bank is 0.08,

Findings:
After the study of the components of current
assets & current liabilities and the trends of
working capital, it was found that:

The liquidity position of the bank is not


good. The current ratio is below 1
(current liabilities exceed current assets)

IITM Journal of Business Studies (JBS) Vol. 1, Issue 1, 2014

for the study period, then the bank may

optimally. Total asset turnover ratio is a

have problems paying its bills on time.

key driver of return on equity which is

However, low values do not indicate a

quite constant.

There should be a steady stream of

critical problem but should concern the


management.

sustainable dividends from a company,

The DER is quite high viz. worrisome, as

the dividend payout ratio analysis is

it indicates a precarious amount of

important. A consistent trend in this ratio

leverage. To address this concern, bank

is usually more important than a high or

can also analyze the firm's interest

low ratio. Bank has fallen a percentage

coverage ratio, which is the company's

each year for the last five years might

operating income divided by debt service

indicate that the company can no longer

payments. A high operating income will

afford to pay such high dividends. This

allow even a debt-burdened firm to meets

could be an indication of poor operating

its obligations.

performance.

A consistent improvement in the EPS


figure year after year from 36.10 to 84.94

SUGGESTIONS & CONCLUSION

is

continuous

The bank has to take an appropriate measure to

improvement in the earning power of the

keep current ration and Quick ratio on par with

bank. This increasing EPS is the sign of

the norms. The NPAs of the ICICI bank is more

higher earnings, strong financial position

than one per cent, hence should control NPAs

and, therefore, a reliable firm to invest

otherwise it affects the asset quality in long run.

money.

Proper control over leverage should be taken in

the

indication

of

Asset turnover ratio should be looked at

order to magnify DP ratio. The spread of the

together with the company's financing

ICICI bank should control otherwise the income

mix and its profit margin for a better

of the bank is eaten away by the interest

analysis. A lower turnover ratio means

expenses in the long-run. The Earning per share

that the company is not using its assets

is however long standing.

Table 1: Share capital of ICICI Bank as on 31st March, 2014


Details

Amount (Rs. Crores)

Authorised Share capital

1275

Issued and paid up capital

1154.99

IITM Journal of Business Studies (JBS) Vol. 1, Issue 1, 2014

Source: Annual reports of the company

Table 2: Growth of ICICI Bank (Rs. Crores)


Years

2013-14

2012-13

Total Assets

594,641.60 536,794.69 489,068.80 406,233.67 363,399.71

Equity Share Capital


1,155.04
Reserves & surplus
72,051.71
P/L Before Tax
13,968.17
Tax
4,157.69
P/L After Tax from Ordinary
9,810.48
Activities
EPS
84.94
Investments
177,021.82
Net Worth
73206.75

2011-12

2010-11

2009-10

1,153.64
65,547.84
11,396.69
3,071.22

1,152.77
59,250.09
8,803.43
2,338.17

1,151.82
53,938.83
6,760.71
1,609.33

1,114.89
50,503.48
5,345.32
1,320.34

8,325.47

6,465.26

5,151.38

4,024.98

72.17

56.08

44.72

36.10

171,393.60 159,560.04 134,685.96 120,892.80


66701.48
61402.86
559900.65 51628.37

Table 3: Various Ratios of ICICI Bank


Years

2013-14 2012-13 2011-12 2010-11 2009-10

Current Ratio
Quick Ratio
Total debt to owners fund(DER)
EPS
Dividend Payout Ratio
Asset Turnover Ratio
Total Assets Turnover Ratios

0.09
11.31
4.53
84.95
27.07
0.08
0.07

0.98
10.53
4.39
72.22
27.71
0.08
0.07

0.12
9.37
4.23
56.09
29.41
0.08
0.06

0.07
15.86
4.10
44.73
31.30
0.07
0.08

0.14
14.70
3.91
36.10
37.31
0.10
0.09

Table 4:
Standalone Profit & Loss account ------------------- in Rs. Cr. ------------------Mar '14

Mar '13

Mar '12

Mar '11

Mar '10

Interest Earned

44,178.15

40,075.60

33,542.65

25,974.05

25,706.93

Other Income

10,427.87

8,345.70

7,502.76

6,647.89

7,292.43

Total Income

54,606.02

48,421.30

41,045.41

32,621.94

32,999.36

Income

Expenditure

IITM Journal of Business Studies (JBS) Vol. 1, Issue 1, 2014

Interest expended
Employee Cost

27,702.59

26,209.18

22,808.50

16,957.15

17,592.57

4,220.11

3,893.29

3,515.28

2,816.93

1,925.79

Selling and Admin Expenses

6,056.48

575.97

490.16

42.26

483.52

619.5

12,296.88

9,503.20

8,214.12

7,212.96

2,780.03

Depreciation
Miscellaneous Expenses
Preoperative Exp Capitalised
Operating Expenses
Provisions & Contingencies
Total Expenses
Net Profit for the Year

10,308.86

9,012.89

7,850.44

6,617.24

10,221.99

6,784.10

4,873.76

3,921.22

3,896.17

1,159.81

44,795.55

40,095.83

34,580.16

27,470.56

28,974.37

9,810.48

8,325.47

6,465.26

5,151.38

4,024.98

-0.09

9,902.29

7,054.23

5,018.18

3,464.38

2,809.65

19,712.77

15,379.70

11,483.44

8,615.76

6,834.54

2,656.28

2,307.23

1,902.04

1,612.58

1,337.86

231.25

292.16

220.35

202.28

164.04

84.95

72.22

56.09

44.73

36.1

Extraordionary Items
Profit brought forward
Total
Preference Dividend
Equity Dividend
Corporate Dividend Tax
Per share data (annualised)
Earning Per Share (Rs)
Equity Dividend (%)

230

200

165

140

120

633.92

578.65

524.01

478.31

463.01

3,506.65

2,878.03

2,306.49

1,782.45

1,867.22

0.33

0.26

1.04

2,887.53

2,599.39

2,122.39

1,814.86

1,501.90

Book Value (Rs)


Appropriations
Transfer to Statutory Reserves
Transfer to Other Reserves
Proposed Dividend/Transfer to
Govt
Balance c/f to Balance Sheet

13,318.59

9,902.29

7,054.23

5,018.18

3,464.38

Total

19,712.77

15,379.71

11,483.44

8,615.75

6,834.54

Source : Dion Global Solutions Limited

Standalone Balance Sheet ------------------- in Rs. Cr. -------------------

Capital and Liabilities:


Total Share Capital
Equity Share Capital
Share Application
Money
Preference Share
Capital
Reserves
Revaluation Reserves
Net Worth

Mar '14

Mar '13

Mar '12

Mar '11

Mar '10

1,155.04
1,155.04

1,153.64
1,153.64

1,152.77
1,152.77

1,151.82
1,151.82

1,114.89
1,114.89

6.57

4.48

2.39

0.29

0
72,051.71
0
73,213.32

0
65,547.84
0
66,705.96

0
59,250.09
0
60,405.25

0
53,938.82
0
55,090.93

0
50,503.48
0
51,618.37

IITM Journal of Business Studies (JBS) Vol. 1, Issue 1, 2014

Deposits
Borrowings
Total Debt
Other Liabilities &
Provisions
Total Liabilities
Assets
Cash & Balances with
RBI
Balance with Banks,
Money at Call
Advances
Investments
Gross Block

3,31,913.66
1,54,759.05
4,86,672.71

2,92,613.63
1,45,341.49
4,37,955.12

2,55,499.96
1,40,164.91
3,95,664.87

2,25,602.11
1,09,554.28
3,35,156.39

2,02,016.60
94,263.57
2,96,280.17

34,755.55

32,133.60

32,998.69

15,986.35

15,501.18

5,94,641.58

5,36,794.68

4,89,068.81

4,06,233.67

3,63,399.72

21,821.83

19,052.73

20,461.29

20,906.97

27,514.29

19,707.77
3,38,702.65
1,77,021.82
4,678.14

22,364.79
2,90,249.44
1,71,393.60
4,647.06

15,768.02
2,53,727.66
1,59,560.04
4,614.69

13,183.11
2,16,365.90
1,34,685.96
4,744.26

11,359.40
1,81,205.60
1,20,892.80
7,114.12

0
4,678.14

0
4,647.06

0
4,614.69

0
4,744.26

3,901.43
3,212.69

0
32,709.39
5,94,641.60

0
29,087.07
5,36,794.69

0
34,937.10
4,89,068.80

0
16,347.47
4,06,233.67

0
19,214.93
3,63,399.71

Accumulated
Depreciation
Net Block
Capital Work In
Progress
Other Assets
Total Assets

Source : Dion Global Solutions Limited

Techniques to Financial Markets Interfaces;


(Mar/Apr2003, vol. 33 issue 2), (Pg12-24).
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