Interfirm comparison on select private banking companies in india
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Interfirm comparison on select private banking companies in india Interfirm comparison on select private banking companies in india Document Transcript

  • International Journal of Management (IJM), OF 0976 – 6502(Print), ISSN 0976 – INTERNATIONAL JOURNAL (2013)MANAGEMENT (IJM) ISSN 6510(Online), Volume 4, Issue 2, March- AprilISSN 0976-6502 (Print)ISSN 0976-6510 (Online)Volume 4, Issue 2, March- April (2013), pp. 138-146 IJM© IAEME: www.iaeme.com/ijm.aspJournal Impact Factor (2013): 6.9071 (Calculated by GISI) ©IAEMEwww.jifactor.com INTERFIRM COMPARISON ON SELECT PRIVATE BANKING COMPANIES IN INDIA Dr.V.Sarangarajan1 Mr.S.Karthik2 Dr.S.A.Lourthuraj3 Dr.R.Ramesh4 1 Director, Christhuraj Institute of Management, Panjappur, Trichy- 620 012 2 Research Scholar, Bharathiar University, Coimbatore – 641 046. 3 Asst.Professor, Jamal Institute of Management, Jamal Mohammed College, Trichy – 20 4 Professor and Head, Chettinad college of Engg.& Tech.,Karur – 639 114 ABSTRACT Inter-firm Comparison is one of the effective tools of management. It can be applied in any industry whether manufacturing or service. This paper examines the good and poor performance of select private banking companies in India with select financial ratios. Data employed in this study are all secondary in nature. Seven ratios are taken for comparison and ten private banking companies are chosen for the study. The study has been conducted for a period of five years from 2007 -2008 to 2011-2012. The research design is based on the descriptive design technique. In this research paper the authors make use of quartile Deviation technique and seven ratios which are Net Profit Ratio, Return on Total Assets, Return on Shareholders fund, Return on Capital Employed, Asset Turnover Ratio, Current Ratio, and Operating Expenses Ratio. Based on these seven ratios and quartile Deviation technique the authors suggested that the investors make use of their investments in Karur Vysya Bank Ltd and City union Bank because the performance of Karur Vysya Bank Ltd and City Union Bank Ltd are better than other select private banking companies in this study. Key words: Interfirm comparison, Ratio Analysis, Banking, Financial performance, Quartile Deviation I INTRODUCTION The banking sector is one of the most important instrument of the national development, occupies a unique place in a nation’s economy. Economic development of the economy is reflected through the soundness of the banking system (Gaur et al. 2012). The study of Kumar and Gulati (2008) exhibited that the overall technical inefficiency of Indian commercial banks was due to both poor input utilization and failure to operate at most 138
  • International Journal of Management (IJM), ISSN 0976 – 6502(Print), ISSN 0976 –6510(Online), Volume 4, Issue 2, March- April (2013)productive scale size. The enhanced profitability and efficiency has become vital for survivaland growth of the banks in the era of globalization and significantly affected by asset quality,capital adequacy and liquidity of the banks (Manoj 2010). The Indian banking sector hasundergone structural changes during the post liberalization era with the implementation ofprudential norms for income recognisition provisioning and asset classification (Siraj andPillani, 2011). Liquidity management is one of the most important functions of a bank. Iffunds tapped are not properly utilized, the institution will suffer loss (Sangmi and Nazir,2010). The empirical results of the research (Raza et al., 2011) explained that a company,which has better efficiency, it does not mean that always it will show the better effectiveness.Alam et al. (2011) study concludes that ranking of banks differ as the financial ratio changes.Biresh K Sahoo and Anandadeep Mandal (2011) examined the Performance of Banks inIndia in Post Transition Period and concluded that the positive trend of the reform process isvisible through the increase in technical efficiency over the years of the post transition period.Ashok Khurana, Kanika Goyal (2011) analyzed the Performance of Public Sector Banks andconcluded that there is a need for increased absorption of enhanced technological capabilityby several banks to further argument yield of the banking sector. According to Kosmidou(2008), capital adequacy can be measured by the equity to total assets ratio. Higher thecapital assets ratio lowers the leverage. Regarding the operating expenses, the total cost of abank can be separated into operating cost and other expenses (including taxes, depreciationetc.). In his study, only operating expenses can be viewed as the outcome of bankmanagement. Since improved management of the operating expenses will increase efficiencyand therefore raise profits of banks, the ratio of these expenses to total assets is expected to benegatively related to profitability. Uppal (2009) examined the profitability which is animportant criterion to evaluate the overall efficiency of a bank group. The paper examines thecomparative trends in profitability behaviors of five major bank groups in the postliberalization and globalization era. The paper offers suggestions on the basis of empiricalresults to increase the profitability and measures should be taken to increase the level spreadand curtail the burden. Bakar and Tahir (2009) in their paper used multiple linear regressiontechnique and simulated neural network techniques for predicting bank performance. ROAwas used as dependent variable of bank performance and seven variables including liquidity,credit risk, cost to income ratio, size and concentration ratio, were used as independentvariables. Commercial bank holds a large share of economic activities of a country. Thefunction of the commercial banks has been enhanced in Nepal to sustain the increasing needof the service sector and the economy in general (Economic Survey, 2008). In this study theauthors aim to find out the good and poor performance of select private banking companies inIndia.II RESEARCH METHODOLOGY The main aim of the study is to analyze the good and poor performance of selectprivate banking companies in India with select financial ratios. The study is based on arandom sample of 10 Private Banking Companies. The study has been conducted for a periodof five years from 2007 - 2008 to 2011-2012. The research design is based on the descriptivedesign technique. The data collected are all secondary in nature. The Companies chosen assample which are Lakshmi Vilas Bank Ltd, Indusind Bank Ltd, South Indian Bank Ltd, ICICIBank Ltd, Kotak Mahindra Bank Ltd, Yes Bank Ltd, HDFC Bank Ltd, City Union Bank Ltd,Axis Bank Ltd, and Karur Vysya Bank Ltd 139
  • International Journal of Management (IJM), ISSN 0976 – 6502(Print), ISSN 0976 –6510(Online), Volume 4, Issue 2, March- April (2013)For the purpose of interfirm Comparison the authors has considered these Seven Ratios. 1. Net profit Ratio: (Net Profit / Sales) X 100 2. Return on Total Assets: Net Profit / Total Assets 3. Return on Shareholders Fund: (Net Profit / Shareholders fund) X 100 4. Return on Capital Employed: (Net Profit / Capital Employed) X 100 5. Asset Turnover Ratio: Sales / Total Asset 6. Current Ratio: Current Asset / Current Liabilities 7. Operating Expenses Ratio: (Operating Expenses /Sales) X100Net profit Ratio: This ratio is an important ratio to judge the profitability of a concern. Itestablishes a relationship between net profit and sales and indicates management’s efficiency.Generally this ratio is expressed in percentage. A firm with a high net margin ratio would bein advantageous position to survive in the fact of falling prices, rising costs or decliningdemand for the product.Return on Total Assets: ROA for public companies can vary substantially and will behighly dependent on the industry. This is why when using ROA as a comparative measure, itis best to compare it against a companys previous ROA numbers or the ROA of a similarcompany. This ratio indicates how much net income is generated per rupee of assets. Thehigher the Return on Asset indicates more profitable to the bank.Return on Shareholders Fund: Return on Shareholders Fund is the most importantindicator of a bank’s profitability and growth potential. It is the rate of return to shareholdersor the percentage return on each rupee of equity invested in the bank.Return on Capital Employed: ROCE is a measure of the returns that a business isachieving from the capital employed, usually expressed in percentage terms. Capitalemployed can be calculated as the difference between total assets and current liabilities. Ahigher value of return on capital employed is favorable indicating that the company generatesmore earning per rupee of capital employed.Asset Turnover Ratio: Asset turnover ratio help to measure the effectiveness with whichthe company/management uses its assets to generate sales or revenue. These ratios help tomeasure the productivity of a companys assets. A high ratio is desirable as compared to alow ratio since the former is indicative of better operating performance. It also symbolizesgreater shareholder’s wealth.Current Ratio: The current ratio measures a companys ability to pay short-term debts andother current liabilities (financial obligations lasting less than one year) by comparing currentassets to current liabilities. The ratio illustrates a companys ability to remain solvent. Acurrent ratio of one means that book value of current assets is exactly the same as book valueof current liabilities. In general, investors look for a company with a current ratio of 2:1,meaning current assets twice as large as current liabilities. A current ratio less than oneindicate the company might have problems meeting short-term financial obligations. If theratio is too high, the company may not be efficiently using its current assets or short termfinancing facilities. 140
  • International Journal of Management (IJM), ISSN 0976 – 6502(Print), ISSN 0976 –6510(Online), Volume 4, Issue 2, March- April (2013)Operating Expenses Ratio: It measures the income generated per rupee cost. The lower theoperating cost to Sales ratio, the better the performance of the bankStatistical Analysis Using the financial ratios, the study incorporated Quartile deviation as a yard stick todivide the companies according to its performance. Quartile deviation is a measure ofdispersion based on the upper Quartile and the lower Quartile. Let the upper Quartile andlower Quartile be ‘H’ and ‘L’ respectively. The difference between the upper and lowerQuartile can be divided by 4 to obtain ‘D’. Finally using D we get measures such as L,(L+D), (L+2D), (L+3D) and H. The study call (L+D), (L+2D), (L+3D) as Q1, Q2, Q3,respectively.Limitations of the study The study is based on the information available in the financial statements. Thestudy could not cover all aspect of the working of the companies. For e.g.: The quality of theproducts, organization structure. In additions smaller sample and seven ratios have beenemployed in this study.III RESULTS AND DISCUSSION Table No I clearly states that the Quartile Deviation of Net Profit Margin. LakshmiVilas Bank Ltd is in between the lowest and the first Quartile. Lakshmi Vilas Bank Ltd holdsthe lowest Ratio. IndusInd Bank Ltd is in between the first and second quartile. South IndianBank Ltd and ICICI Bank Ltd are in between second and third quartile. Kotak MahindraBank Ltd, Yes Bank Ltd, HDFC Bank Ltd, City union Bank Ltd, Axis Bank Ltd and KarurVysya Bank Ltd lies in between the third Quartile and highest Ratio. Karur Vysya Bank Ltdholds the highest Ratio. TABLE NO I: QUARTILE DEVIATION OF NET PROFIT MARGIN L Q1 Q2 Q3 H 5.980 8.303 10.625 12.948 15.270 Indusind Bank South Indian Bank Ltd Kotak Mahindra Bank Ltd Ltd ICICI Bank Ltd Yes Bank Ltd *Lakshmi Vilas HDFC Bank Ltd Bank Ltd City Union Bank Ltd Axis Bank Ltd **Karur Vysya Bank LtdSource: Profit & Loss A/c and Balance Sheet of the companies from 2007-2008 to 2011-2012 141
  • International Journal of Management (IJM), ISSN 0976 – 6502(Print), ISSN 0976 –6510(Online), Volume 4, Issue 2, March- April (2013)Table No II clearly states that the Quartile Deviation of Return on Total Asset. Lakshmi VilasBank Ltd is in between the lowest and the first Quartile. Lakshmi Vilas Bank Ltd holds thelowest Ratio. South Indian Bank Ltd is in between the first and second quartile. IndusInd BankLtd and ICICI Bank Ltd are in between second and third quartile. Yes Bank Ltd, Axis Bank Ltd,HDFC Bank Ltd, Karur Vysya Bank Ltd, City union Bank Ltd and Kotak Mahindra Bank Ltd liesin between the third Quartile and highest Ratio. Kotak Mahindra Bank Ltd holds the highestRatio. TABLE NO II: QUARTILE DEVIATION OF RETURN ON TOTAL ASSETS L Q1 Q2 Q3 H 0.57 0.80 1.00 1.20 1.44 Yes Bank Ltd South Indian IndusInd Bank Ltd Bank Ltd Axis Bank Ltd ICICI Bank Ltd HDFC Bank Ltd *Lakshmi Vilas Bank Ltd Karur Vysya Bank Ltd City Union Bank Ltd **Kotak Mahindra Bank LtdSource: Profit & Loss A/c and Balance Sheet of the companies from 2007-2008 to 2011-2012Table No III clearly states that the Quartile Deviation of Return on Shareholders Fund. LakshmiVilas Bank Ltd and Kotak Mahindra Bank Ltd are in between the lowest and the first Quartile.Lakshmi Vilas Bank Ltd holds the lowest Ratio. IndusInd Bank Ltd is in between the first andsecond quartile. HDFC bank Ltd, South Indian Bank Ltd, Axis bank Ltd and Yes Bank Ltd are inbetween second and third quartile. Karur Vysya Bank Ltd, City union Bank Ltd and ICICI BankLtd lies in between the third Quartile and highest Ratio. ICICI Bank Ltd holds the highest Ratio. TABLE NO III: QUARTILE DEVIATION OF RETURN ON SHAREHOLDERS FUND L Q1 Q2 Q3 H 08.33 10.80 13.30 15.70 18.22 IndusInd Bank HDFC Bank Ltd Ltd Karur Vysya Bank Ltd South Indian * Lakshmi Vilas Bank Ltd Bank Ltd City Union Bank Ltd Kotak Mahindra Bank Ltd Axis Bank Ltd **ICICI Bank Ltd Yes Bank LtdSource: Profit & Loss A/c and Balance Sheet of the companies from 2007-2008 to 2011-2012 142
  • International Journal of Management (IJM), ISSN 0976 – 6502(Print), ISSN 0976 –6510(Online), Volume 4, Issue 2, March- April (2013) TABLE NO IV: QUARTILE DEVIATION OF RETURN ON CAPITAL EMPLOYED L Q1 Q2 Q3 H 0.60 0.80 1.10 1.30 1.54 South Indian Bank ICICI Bank Ltd Yes Bank Ltd Ltd Axis Bank Ltd IndusInd Bank Ltd *Lakshmi Vilas Bank Ltd Karur Vysya Bank Ltd City Union Bank Ltd HDFC Bank Ltd **Kotak Mahindra Bank LtdSource: Profit & Loss A/c and Balance Sheet of the companies from 2007-2008 to 2011-2012Table No IV clearly states that the Quartile Deviation of Return on Capital Employed. Lakshmi VilasBank Ltd is in between the lowest and the first Quartile. Lakshmi Vilas Bank Ltd holds the lowestRatio. South Indian Bank Ltd and IndusInd Bank Ltd are in between the first and second quartile.ICICI Bank Ltd is in between second and third quartile. Yes bank Ltd, Axis Bank Ltd, Karur VysyaBank Ltd, City Union Bank Ltd, HDFC Bank Ltd and Kotak Mahindra Bank Ltd lies in between thethird Quartile and highest Ratio. Kotak Mahindra Bank Ltd holds the highest Ratio.Table No V clearly states that the Quartile Deviation of Asset Turnover ratio. South Indian Bank Ltd,Axis Bank Ltd, Yes Bank Ltd and ICICI Bank Ltd are in between the lowest and the first Quartile.South Indian Bank Ltd holds the lowest Ratio. Karur Vysya Bank Ltd, HDFC Bank Ltd and LakshmiVilas Bank Ltd are in between the first and second quartile. City Union Bank Ltd and IndusInd BankLtd are in between second and third quartile. Kotak Mahindra Bank Ltd lies in between the thirdQuartile and highest Ratio. Kotak Mahindra Bank Ltd holds the highest Ratio. TABLE NO V: QUARTILE DEVIATION OF TOTAL ASSETS TURNOVER RATIO L Q1 Q2 Q3 H .0867 .0920 .0970 .1030 .1080 Karur Vysya City Union Bank **Kotak Mahindra Bank *South Indian Bank Ltd Bank Ltd Ltd Ltd Axis Bank Ltd HDFC Bank Ltd IndusInd Bank Ltd Yes Bank Ltd Lakshmi Vilas Bank Ltd ICICI Bank LtdSource: Profit & Loss A/c and Balance Sheet of the companies from 2007-2008 to 2011-2012 143
  • International Journal of Management (IJM), ISSN 0976 – 6502(Print), ISSN 0976 –6510(Online), Volume 4, Issue 2, March- April (2013)Table No VI clearly states that the Quartile Deviation of Current Ratio. Kotak MahindraBank Ltd, HDFC Bank Ltd and Yes Bank Ltd are in between the lowest and the firstQuartile. Kotak Mahindra Bank Ltd holds the lowest Ratio. ICICI Bank Ltd is in between thefirst and second quartile. Lakshmi Vilas Bank Ltd and IndusInd Bank Ltd are in betweensecond and third quartile. Axis Bank Ltd, Karur Vysya Bank Ltd, City Union Bank Ltd andSouth Indian Bank Ltd are in between the third Quartile and highest Ratio. South Indian BankLtd holds the highest Ratio. TABLE NO VI: QUARTILE DEVIATION OF CURRENT RATIO L Q1 Q2 Q3 H .7587 1.230 1.7020 2.1740 2.6454 * Kotak Mahindra Bank Ltd Lakshmi Vilas Axis Bank Ltd ICICI Bank Ltd Bank Ltd HDFC Bank Ltd Karur Vysya Bank Ltd IndusInd Bank Yes Bank Ltd Ltd City Union Bank Ltd ** South Indian Bank LtdSource: Profit & Loss A/c and Balance Sheet of the companies from 2007-2008 to 2011-2012Table No VII clearly states that the Quartile Deviation of Operating Expenses Ratio. YesBank Ltd, City union Bank Ltd, Karur Vysya Bank Ltd, South Indian Bank Ltd and LakshmiVilas Bank Ltd are in between the lowest and the first Quartile. Yes Bank Ltd holds thelowest Ratio. ICICI Bank Ltd, IndusInd Bank Ltd and Axis Bank Ltd are in between the firstand second quartile. No Banking companies in between second and third quartile. HDFCBank Ltd and Kotak Mahindra Bank Ltd lies in between the third Quartile and highest Ratio.Kotak Mahindra Bank Ltd holds the highest Ratio. TABLE NO VII: QUARTILE DEVIATION OF OPERATING EXPENSES RATIO L Q1 Q2 Q3 H 15.20 19.218 23.235 27.253 31.27 * Yes Bank Ltd HDFC Bank Ltd ICICI Bank Ltd City Union Bank Ltd **Kotak Mahindra Bank Ltd IndusInd Bank Ltd Karur Vysya Bank Ltd Axis Bank Ltd South Indian Bank Ltd Lakshmi Vilas bank LtdSource: Profit & Loss A/c and Balance Sheet of the companies from 2007-2008 to 2011-2012 144
  • International Journal of Management (IJM), ISSN 0976 – 6502(Print), ISSN 0976 –6510(Online), Volume 4, Issue 2, March- April (2013)IV CONCLUSION Inter-firm Comparison is one of the effective tools of management. It can be applied inany industry whether manufacturing or service. Interfirm Comparison is used for analyzing goodand poor performance of companies in an industry. In this research the authors have taken tenprivate banking companies in India to analyze the good and poor performance with the aid offinancial tools and statistical tools. The authors make use of seven ratios which are Net ProfitRatio, Return on Total Assets, Return on Shareholders fund, Return on Capital Employed, AssetTurnover Ratio, Current Ratio, and Operating Expenses Ratio. Based on these seven ratios andquartile Deviation technique the authors suggested that the investors make use of their investmentin Karur Vysya Bank Ltd and Citi union Bank because the performance of Karur Vysya Bank Ltdand City Union Bank Ltd are better than other select banking companies in this study.REFERENCES1. Ashok Khurana, Kanika Goyal - Performance of Public Sector Banks: An Analysis IJBEMR Volume 2, Issue 2 (February2011)2. Alam HM, Raza A, Akram M (2011). A financial performance comparison of public vs private banks: The case of commercial banking sector of Pakistan. Int. J. Bus. Soc. Sci., 2(11): 56-64.3. Bakar N, Tahir IM (2009). Applying multiple linear regression and neural network to predict bank performance. Int. Bus. Res., 2 (4):176-183.4. Biresh K Sahoo and Anandadeep Mandal(2011) - Examining the Performance of Banks in India: Post Transition Period, The IUP Journal of Bank Management, 2011, vol. X, issue 2, pages 7-315. Economic Survey (2008). Ministry of Finance, Government of Nepal6. Gaur A., Sukhija S. And Julee M. (2012), Overall Profitability Measurement of Major Private Sector Banks in India, Paper Presented at HSB Annual Conference in 9-10 Feburary, 20127. Ho C, Zhu D (2004). Performance measurement of Taiwan commercial banks. Int. J. Product. Perform. Manag., 53(5): 425-434.8. Kosmidou, K 2008, ‘The determinants of banks’ profits in Greece during the period of EU financial integration’, Managerial Finance, vol. 34, no. 3, pp. 146-159.9. Kumar S. And Gulati R. (2008), An Examination of Technical, Pure Technical and Scale Efficiencies of Indian Public Sector Banks using DEA, European Journal of Business and Economics, 1(2), 33-69.10. Manoj P. K. (2010), Determinants of Profitability and Efficiency of Old Private Sector Banks in India with Focus on the Banks in Kerala State, International Research Journal of Finance and Economics, 47, 7-20.11. Raza A, Farhan M, Akram M (2011). A comparison of financial performance in investment banking sector in Pakistan. Int. J. Bus.Soc. Sci., 2(11): 72-81.12. Sangmi MD, Nazir T (2010). Analyzing financial performance of commercial banks in India: Application of CAMEL model. Pak. J. Commer. Soc. Sci., 4 (1): 40-55.13. Siraj K. K. And Pillani P. S. (2011), Asset Quality and Profitability of Indian Scheduled Commercial Banks during Global Financial Crisis, International Research Journal of Finance and Economics, 80,55-65.14. Uppal, R.K. (2009), “Indian Banking – Prime Determinants of Profitability, Emerging Issues and Future Outlook,” GITAM Journal of Management, Vol.7, No.2, pp. 78-106.15. H.Vasanthakumari and Dr. S. Sheela Rani, “Customer Selection of Banks – A Biographic Segmentation” International Journal of Management (IJM), Volume 2, Issue 2, 2011, pp. 13 - 19, ISSN Print: 0976-6502, ISSN Online: 0976-6510. 145
  • International Journal of Management (IJM), ISSN 0976 – 6502(Print), ISSN 0976 –6510(Online), Volume 4, Issue 2, March- April (2013)16. Dr.V.Sarangarajan, Dr.A.Ananth and Dr.S.A.Lourthuraj, “Financial Performance Efficiency of Select Cement Companies in Tamil Nadu”, International Journal of Advanced Research in Management (IJARM), Volume 4, Issue 1, 2013, pp. 34 - 44, ISSN Print: 0976 - 6324, ISSN Online: 0976 - 6332.17. Ms.S.Sujatha, Ms.K.Santhana Lakshmi, Mr.Martin Selvakumar.M and Dr.N.Santhosh Kumar, “Effectiveness of Training and Development Among Employees in Private Banks (With Reference To Chennai City)”, International Journal of Management (IJM), Volume 4, Issue 2, 2013, pp. 118 - 124, ISSN Print: 0976-6502, ISSN Online: 0976-6510.18. Dr. N. Shani and V. AnandKumar, “A Study on Job Characteristics and Internal Work Motivation Among Icici Bank Employees”, International Journal of Management (IJM), Volume 2, Issue 2, 2011, pp. 56 - 65, ISSN Print: 0976-6502, ISSN Online: 0976-6510.19. N.Mallika and Dr.M.Ramesh, “Job Satisfaction in Banking: A Study of Private and Public Sector Banks”, International Journal of Management (IJM), Volume 1, Issue 1, 2010, pp. 111 - 129, ISSN Print: 0976-6502, ISSN Online: 0976-6510.20. Dr. N. Shani, V. AnandKumar and P.DivyaPriya, “A Study on Role of Internal Work Motivation and its Outcomes of Among Icici Bank Employees”, International Journal of Management (IJM), Volume 2, Issue 2, 2011, pp. 66 - 74, ISSN Print: 0976-6502, ISSN Online: 0976-6510.APPENDIX Financial Ratios Return Return on Net on Sharehol Operating Total Assets Return on Name of Profit Total der’s Expenses Turnover Current Capital the Bank Ratio Asset Fund Ratio Ratio Ratio EmployedHDFC BankLtd 14.55% 1.38% 13.31% 28.53% 0.0945 0.9403 1.53%ICICI BankLtd 12.68% 1.16% 18.22% 19.44% 0.0918 1.5718 1.23%Axis BankLtd 15.26% 1.35% 14.50% 22.87% 0.0884 2.2096 1.40%KarurVysyaBank Ltd 15.27% 1.42% 15.89% 16.14% 0.0931 2.2384 1.46%City UnionBank Ltd 14.55% 1.43% 16.85% 15.21% 0.0981 2.5999 1.48%Yes BankLtd 14.21% 1.29% 15.62% 15.20% 0.0905 1.0382 1.37%KotakMahindraBank Ltd 13.32% 1.44% 10.15% 31.27% 0.1080 0.7587 1.54%LakshmiVilas bankLtd 5.98% 0.57% 08.33% 18.74% 0.0957 1.8449 0.60%SouthIndian BankLtd 10.79% 0.94% 13.79% 17.19% 0.0867 2.6454 0.96%IndusIndBank Ltd 10.33% 1.03% 12.09% 21.51% 0.0997 2.0633 1.07% 146