ANASSIGNMENT

ONCAPITAL LINE

(PRIVATE BANKS)

SUBMITTED TO SUBMITTED BYMrs. Sapna Sanserwal MBA – F(S2)Asst. Professor Roll NoTIMT, YNR 1169/11-1174/11

CONTENTSIntroduction to HDFC Bank, Axis Bank & ICICI Bank1. HDFC Banka) AGM Reportb) Equity Researchc) Quarterly Analysisd) Quarterly performancee) Quarterly Meetf)News2) ICICI Banka) AGM Report b) Equity Researchc)Quarterly Analysisd) Annual Meet e) News3) Axis Banka) AGM Reportb)Financial Performancec) Equity Researchd)Quarterly Analysise) Annual Meet f) News

INTRODUCTION TO HDFC, ICICI, AXIS BANKS

HDFC bank ltd is an Indian financial services company based in Mumbai, Maharashtra that was in corporate in August 1994. Market Capitalization in HDFC bank is 122040.13ICICI bank ltd is an Indian diversified financial services company head quartered in Mumbai, Maharashtra. Market Capitalization in ICICI bank is 102274.19AXIS bank ltd is an Indian financial services firm head quartered in Mumbai, Maharashtra. Market Capitalization in AXIS bank is 47348.59

HDFC BANKAGM ReportFor FY'11, the credit demand continued to remain robust and HDFC's total disbursements grew by around 20%.For Q1 FY'12, the loan disbursement continued to grow at 20% and PAT grew by 22% to Rs 845 crore.HDFC life insurance IPO is expected in 2 years of timeframe from now.

EQUITY RESEARCHHDFC Bank has an enviable network of 1,725 branches spread in 780 cities across India. All branches are linked online on real-time basis. Customers in over 500 locations are also serviced through telephone banking.Net interest income (NII) of HDFC Bank rose 25% to Rs 5229.96 crore on asset growth and stable net interest margin (NIM) of 4.2% for the December 2010 quarter. Net profit was up 33% to Rs 1087.83 crore. Net profit jumped 33% at Rs 2811.68 crore and NII 28% to Rs 7704.11 crore for the nine months ended December 2010.Asset quality improved over the year and the quarter.

Business of the bank advanced 23%, YoY, to Rs.525612 crore in the quarter ended December 2012, with the strong in deposits as well as advances. Advances book grew 24% YoY to Rs.241493 crore in the quarter under review aided by robust growth in the retail advances at 30% to Rs.129958 crore.Advances book grew 24% YoY to Rs.241493 crore in the quarter under review aided by robust growth in the retail advances at 30% to Rs.129958 crore.The Bank has added new 156 branches and 174 ATM's in the quarter under review taking the total count to 2776 branches and 10490 ATM's respectively, spread across 1568 cities.

QUARTERLY ANALYSIS.

QUARTERLY PERFORMANCE:HDFC bank has reported 22% increase in NII at Rs.3798.85 crore in the quarter ended December 2012, on the back of 21% increase in the interest earned at Rs.8707.62 crore. Strong growth in advances book and steady NIM on YoY basis aided growth in NII, despite 20% increase in the interest expended at Rs.4908.77 crore.Quarterly meet:HDFC Bank conducted conference call to discuss financial performance for the quarter ended December 2012 and prospects of the bank. Paresh Sukthankar – Executive Director addressed the call

QUARTERLY MEET: HDFC Bank conducted conference call to discuss financial performance for the quarter ended December 2012 and prospects of the bank. Paresh Sukthankar – Executive Director addressed the callHighlights:The employee strength of the bank stood at 68800 employees at end December 2012.The break even period for new branches of the banks ranges between 24 to 30 months.Bank expects the CASA ratio to hover in the range of 42-47% depending on current account and interest rate cycle.Bank proposes to reduce the cost-to-income ratio by couple of percentages over next 3-4 years, but without compromising on investments.

NEWSUS stocks ended the week on 25 January 2013 with good gains with indices scoring close to 1% gains for the week. Stocks ended with strong gains even on the last trading day of the week and all of the weekly gains came from Friday's trading. Else, indices would have registered moderate losses for the week.For the week, the Dow ended higher by 113.81 points (0.8%) at 14,009.8. Nasdaq ended higher by 29.39 points (0.9%) at 3,179.1. S&P 500 ended higher by 10.21 points (0.7%) at 1,513.17.

ICICI BANKAGM ReportICICI Bank held its the Seventh Annual General Meeting in Vadodara on June 11, 2001.A dividend of Rs 2.00 per equity share (20 per cent) has been declared on 22,03,58,680 equity shares of the bank for the Financial year ended March 31,2001 including 2,35,39,800 shares allocated to shareholders of erstwhile Bank of Madura Limited who would be entitled for the full years dividend in terms of the provisions contained in the Scheme of Amalgamation.Smt Chanda D Kochhar and Dr Nachiket Mor were appointed ad Executive Directors on whole time and non retiring basis for a period of five years.

EQUITY RESEARCH ICICI Bank is the largest private sector bank and the second

largest bank in the country in terms of assets. It is a pan-Indian player.

The company has boosted its overseas operations in the last three years and has now presence in 17 countries either through subsidiaries or extension counters.

Total branches excluding the network of recently merged Sangli Bank, stood at 710 branches, 45 extension counters and 3,271 ATMs. Of this, 63% of the branches are in metropolitan and the remaining in semi-urban/rural areas.

QUARTERLY ANALYSISICICI Bank has reported strong 30% growth in net profit for the quarter ended December 2012 with continued improve in NIM, decline in cost-to-income ratio and better asset quality.The cost-to-income ratio also declined below 40% in Q3FY2013 aiding the strong operating profit growth at 28% to Rs 3452.48 crore.Provision coverage ratio stood at 77.7% at end December 2012 compared to 78.9% a year ago and 78.7% a quarter ago.Outstanding general provisions have increased 12% YoY to Rs 1652 crore at end December 2012.Capital Adequacy ratio increased to 19.53% with the tier I capital of 13.25% at end December 2012 from 18.28% with tier I of 12.83% at end September 2012.

ANNUAL MEETICICI Bank conducted concall to discuss financial performance for the quarter ended December 2012 and the prospects of the bank. NS Kannan, Executive Director and CFO addressed the call

Highlights:The indicators of real economic activity continue to remain subdued and credit offtake has remained moderate. Moderation in inflation during Q3FY2013 is the key positive.International credit growth would be driven by ability to raise funds, demand for funds and availability of margins around 1.4%. Bank has witnessed the improvement in cost to income ratio to below 40% mark during the quarter ended December 2012, which is expected to be 41-42% for FY2013. Net NPA declined to 0.64% at end December 2012 from 0.66% at end

September 2012 and 0.70% at end December 2011. The restructuring pipeline stands at Rs 900-1000 crore to be approved by CDR cell.

NEWSUS stocks ended the week on 25 January 2013 with good gains with indices scoring close to 1% gains for the week. Stocks ended with strong gains even on the last trading day of the week and all of the weekly gains came from Friday's trading. Else, indices would have registered moderate losses for the week.For the week, the Dow ended higher by 113.81 points (0.8%) at 14,009.8. Nasdaq ended higher by 29.39 points (0.9%) at 3,179.1. S&P 500 ended higher by 10.21 points (0.7%) at 1,513.17.

AXIS BANKAGM Report:The periodic reshaping of business processes has led to a clearer separation between the functions of relationship management and transaction processing

Financial performance During the year 2003-04 the business and profitability of the bank have continued to grow strongly. It earned a net profit of Rs 278.31 crore, up by almost 45% over the previous year. The strong growth in profitability is reflected in improved

interest rate spreads as well as higher fee-based income.

EQUITY RESEARCH

Axis Bank, formerly UTI Bank, is India’s third largest private-sector bank after the significantly larger ICICI Bank, and HDFC Bank.

The bank’s ATM network of 3,171 ATMs is the third largest in the country. It has a wide presence through its 749 branches and extension counters across 454 cities and towns across India.

Over the last 12 months, Axis Bank added 141 branches and extension counters and 576 ATMs. It has strengths in both retail and corporate banking.

QUARTELY ANALYSISThe strong increase in profitability was supported by high non-interest income, improved margins, better asset quality and lower provisions during Q3FY2013. The net interest income improved 17%, on YoY basis, while other income gained 13% during Q3FY2013.

ANNUAL MEETNIM to be sustained in the range of 3.25% to 3.50% Axis Bank conducted concall to discuss financial performance financial results for the quarter ended December 2012 and prospects of the bank on 15 January 2013. Somnath Sengupta – ED & Head (Corporate Center), V Srinivasan – ED and Sanjeev Gupta – CFO, addressed the call

Highlights: As per the bank, economic growth remains weak with investment slowdown being a concern. The growth is primarily impacted by weak manufacturing and agriculture sector growth. Bank has a network of 1787 domestic branches and extension counters and 10363 ATMs

at end December 2012. During April-Dec 2012, bank has added 165 branches and 439 ATMs.

The employee strength of the bank stood at 35819 employees at end December 2012 compared to 35819 at end September 2012. GNPA and NNPA are expected to be steady around same level. Credit cost stood at 78 bps for quarter ended December 2012 and 81 bps for the nine

months ended December 2012. Credit cost is expected in the range of 85-90 bps for next one year. Provision coverage ratio improved to 81% at end December 2012 from 80% a quarter ago

and 75% a year ago.

NEWS

Axis Bank Limited - Outcome of Board MeetingAxis Bank Limited has informed the Exchange regarding Outcome of QIP Committee of Directors Meeting was held on January 31, 2013.