Merger report of hdfc cbop by atmakuri rammohan
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  • 1. UploadSoniya RhtView Public ProfileMy DocumentsMy CollectionsMy Reading FeedMy StatsMessagesNotificationsAccount | SettingsHelpLog OutSearch books, presentations, business, academics...SearchExploreDocumentsBooks - FictionBooks - Non-fictionHealth & MedicineBrochures/CatalogsGovernment DocsHow-ToGuides/ManualsMagazines/NewspapersRecipes/MenusSchool Work+ all categoriesRecentFeaturedPeopleAuthorsStudentsResearchersPublishersGovernment & NonprofitsBusinessesMusiciansArtists &DesignersTeachers+ all categoriesMost FollowedPopular×Language:English
  • 2. 10/9/12www.scribd.com/doc/55934987/Merger-Report-of -HDFC-CBOP-by -Atmakuri-Rammohan
  • 3. Merger Report of HDFC-CBOP by Atmakuri Rammohanwww.scribd.com/doc/55934987/Merger-Report-of -HDFC-CBOP-by -Atmakuri-Rammohan 3/29
  • 4. 10/9/12 Merger Report of HDFC-CBOP by Atmakuri Rammohanwww.scribd.com/doc/55934987/Merger-Report-of -HDFC-CBOP-by -Atmakuri-Rammohan 4/29
  • 5. 10/9/12 Merger Report of HDFC-CBOP by Atmakuri Rammohanwww.scribd.com/doc/55934987/Merger-Report-of -HDFC-CBOP-by -Atmakuri-Rammohan 5/29
  • 6. 10/9/12 Merger Report of HDFC-CBOP by Atmakuri Rammohan 6/29
  • 7. 10/9/12 Merger Report of HDFC-CBOP by Atmakuri Rammohanwww.scribd.com/doc/55934987/Merger-Report-of -HDFC-CBOP-by -Atmakuri-Rammohan 7/29
  • 8. Merger Report of HDFC-CBOP by Atmakuri Rammohanwww.scribd.com/doc/55934987/Merger-Report-of -HDFC-CBOP-by -Atmakuri-Rammohan 8/29
  • 9. 10/9/12 Merger Report of HDFC-CBOP by Atmakuri Rammohanwww.scribd.com/doc/55934987/Merger-Report-of -HDFC-CBOP-by -Atmakuri-Rammohan 9/29
  • 10. 10/9/12 Merger Report of HDFC-CBOP by Atmakuri Rammohanwww.scribd.com/doc/55934987/Merger-Report-of -HDFC-CBOP-by -Atmakuri-Rammohan 10/29
  • 11. 10/9/12 Merger Report of HDFC-CBOP by Atmakuri Rammohanwww.scribd.com/doc/55934987/Merger-Report-of -HDFC-CBOP-by -Atmakuri-Rammohan 11/29
  • 12. 10/9/12 Merger Report of HDFC-CBOP by Atmakuri Rammohanwww.scribd.com/doc/55934987/Merger-Report-of -HDFC-CBOP-by -Atmakuri-Rammohan 12/29
  • 13. 10/9/12 Merger Report of HDFC-CBOP by Atmakuri Rammohanwww.scribd.com/doc/55934987/Merger-Report-of -HDFC-CBOP-by -Atmakuri-Rammohan 13/29
  • 14. 10/9/12 Merger Report of HDFC-CBOP by Atmakuri Rammohanwww.scribd.com/doc/55934987/Merger-Report-of -HDFC-CBOP-by -Atmakuri-Rammohan 14/29
  • 15. Merger Report of HDFC-CBOP by Atmakuri Rammohanwww.scribd.com/doc/55934987/Merger-Report-of -HDFC-CBOP-by -Atmakuri-Rammohan 15/29
  • 16. 10/9/12 Merger Report of HDFC-CBOP by Atmakuri Rammohanwww.scribd.com/doc/55934987/Merger-Report-of -HDFC-CBOP-by -Atmakuri-Rammohan 16/29
  • 17. Merger Report of HDFC-CBOP by Atmakuri Rammohanwww.scribd.com/doc/55934987/Merger-Report-of -HDFC-CBOP-by -Atmakuri-Rammohan 17/29
  • 18. 10/9/12 Merger Report of HDFC-CBOP by Atmakuri Rammohanwww.scribd.com/doc/55934987/Merger-Report-of -HDFC-CBOP-by -Atmakuri-Rammohan 18/29
  • 19. 10/9/12 Merger Report of HDFC-CBOP by Atmakuri Rammohanwww.scribd.com/doc/55934987/Merger-Report-of -HDFC-CBOP-by -Atmakuri-Rammohan 19/29
  • 20. 10/9/12 Merger Report of HDFC-CBOP by Atmakuri Rammohan On the net interest margin front, HDFC Bank has a net interest margin of 4.3% while CBOP has an NIM of 3.6%. The current and savings account (CASA) stands at 50.9% and 24.5% for HDFC Bank and CBOP, respectively. Talking about the NPAs, HDFC Bank has a very low NPA of 0.4% as against 1.69% for CBoP. The capital adequacy for HDFC Bank stands at 13.8% as against 11.5% for CBoP. Analysts say the merger will create a strong banking entity. The earnings of HDFC bank in 2007is rs11414500000 The earnings of CBoP in 2007 is 1213800000 Number of shares of HDFC bank in 2007 is 319389608 Number of shares of CBoP in 2007 is1698989540 EPS of HDFC Bank in 2007 is rs 35.74 per share EPS of CBoP in 2007 is rs 0.72 per share The swap ratio for the merger is 1 share of HDFC bank for every 29 shares held by CBoP Exchange Ratio=1 share of HDFC/29 shares of CBoP=0.03448 The total number of shares in the merged entity=319389608+(0.03448*1698989540) =377975454 shares EPS12=(11414500000+1213800000)/ 377975454=33.41 From the EPS analysis we can say that the target company CBoP gains and the acquiring company HDFC losses. So there may be some synergy loss for the HDFC bank. In pre merger the EPS of CBoP is 0.72. After Merger the EPS raise to 1.15 that is almost 160% for the Pre merger EPS. In pre merger the HDFC EPS is 35.74 per share. After merger the EPS for HDFC is falls to 33.41 per share. That’s why the share holders of the HDFC bank do not have the interest for merging of CBoP in HDFC bank. The share holders of CBoP were happier for this merger. Because of this merger proposal the share value of the CBoP has increased on that day and the share price of the HDFC Bank has decreased.www.scribd.com/doc/55934987/Merger-Report-of -HDFC-CBOP-by -Atmakuri-Rammohan 20/29
  • 21. 10/9/12 Merger Report of HDFC-CBOP by Atmakuri Rammohan ------------------- in Rs. Cr. ------------------- Mar 08 Mar 09 Mar 10 12 mths 12 mths 12 mths Total Share Capital 354.43 425.38 457.74 Equity Share Capital 354.43 425.38 457.74 Share Application Money 0 400.92 0 Preference Share Capital 0 0 0 Reserves 11,142.80 14,226.43 21,064.75 Revaluation Reserves 0 0 0 Net Worth 11,497.23 15,052.73 21,522.49 Deposits 100,768.60 142,811.58 167,404.44 Borrowings 4,478.86 2,685.84 12,915.69 105,247.46 145,497.42 180,320.13 Other Liabilities & Provisions 16,431.91 22,720.62 20,615.94 133,176.60 183,270.77 222,458.56 Cash & Balances with RBI 12,553.18 13,527.21 15,483.28 Balance with Banks, Money at Call 2,225.16 3,979.41 14,459.11 Advances 63,426.90 98,883.05 125,830.59 Investments 49,393.54 58,817.55 58,607.62 Gross Block 2,386.99 3,956.63 4,707.97 Accumulated Depreciation 1,211.86 2,249.90 2,585.16 Net Block 1,175.13 1,706.73 2,122.81www.scribd.com/doc/55934987/Merger-Report-of -HDFC-CBOP-by -Atmakuri-Rammohan 21/29
  • 22. 10/9/12 Merger Report of HDFC-CBOP by Atmakuri Rammohan Capital Work In Progress 0 0 0 Other Assets 4,402.69 6,356.83 5,955.15 4 133,176.60 183,270.78 222,458.56 Go BackComment Contingent Liabilities 582,835.94 396,594.31 466,236.24 Link Bills for collection 17,092.85 17,939.62 20,940.13 Embed Book Value (Rs) 324.38 344.44 470.19 Zoom 22 of 23 Readcast Like 11 HDFC Particulars 31-Mar-08 31-Mar-09 31-Mar-10 Tw eet I. INCOME 0 Share Interest earned 1011500 1,633,226 1,617,290 Other income 228315 329,060 380,761 Total 1239815 1,962,286 1,998,051 II. EXPENDITURE Interest expended 488712 891,110 778,630 Operating expenses 374562 553,281 576,448 Provisions and contingencies [includes provision 217523 293,402 348,103 for income tax and fringe benefit tax of Rs. 382,73 lacs (previous year: Rs. 313,38 lacs)] Total 1080797 1,737,793 1,703,181 III. PROFIT Net profit for the year 159018 224,494 294,870 Profit brought forward 193203 257,463 345,557 Transfer from investment fluctuation reserve Total 352221 481,957 640,427 IV. APPROPRIATIONS Transfer to Statutory Reserve 39755 56,123 73,718 Proposed dividend 30127 42,538 54,929 Tax (including cess) on dividend 5120 7,229 9,123 Cess on dividend pertaining to previous year paid during the year 6 59 93 Transfer to General Reserve 15902 22,449 29,487 Transfer to Capital Reserve - 9,387 19,946 Transfer to investment fluctuation reserve 3850 -1,386 -149 Balance carried over to Balance Sheet 257461 345,557 453,279 Total 352221 481,957 640,427 V. EARNINGS PER EQUITY SHARE (Face value Rs. 10/- per share) 18 Rs. Rs. Search This Document Searchwww.scribd.com/doc/55934987/Merger-Report-of -HDFC-CBOP-by -Atmakuri-Rammohan 22/29
  • 23. 10/9/12 Merger Report of HDFC-CBOP by Atmakuri Rammohan Search Search History: Searching... Result 00 of 00 00 results for result for p.Basic 46.22 52.85 67.56 Diluted 45.59 52.59 66.87 Mar 08 Mar 09 Mar ‘10 EPS 44.87 52.77 64.42 DPS 8.5 10 12 Operating margin (%) 30.78 19.87 24.36 Gross profit margin (%) 28.58 18.05 22.39 Net profit margin (%) 12.82 11.35 14.76 ROCE 5.20 5.96 4.96 Post Merger results are satisfactory but merger is took in Long term prospective, Following are few more benefits to HDFC Access CBoP’s branches of CBoP and an increased presence in National Capital Region states 170 of to 394 branches lie in the North, concentrated in the southern and northern (NCR, 55), Punjab (78), Haryana (28); 150 of its branches are situated in the South, mainly in Kerala (91). Greater access to the North (Punjab and Haryana) as well as the South (particularly Kerala), thereby strengthening its presence in those regions. CBoP’s strong SME relationships will complement HDFC bias towards highly rated corporates thus expanding HDFC’s base. The creation of India’s 7th largest bank, just behind public giants like Bank of Ba roda, Bank of India. Induction of a strong and capable management team with extensive industry experience and proven capabilities. Due to an influx of 394 branches from CBoP, there will be a significant increase in the number of branches for HDFC.www.scribd.com/doc/55934987/Merger-Report-of -HDFC-CBOP-by -Atmakuri-Rammohan 23/29
  • 24. 10/9/12 Merger Report of HDFC-CBOP by Atmakuri Rammohan Merger Report of HDFC-CBOP by Atmakuri Rammohan In this report , complete overview of merger between HDFC&CBOP and effects of pre and post merger on HDFC Add To Collection 3.2K Reads 8 Readcasts 17 Embed Views Published by Ram Mohan Atmakuri Follow Search This Document Search TIP Press Ctrl-F⌘F to search anywhere in the document. Info and Rating Category: Research > Business & Economics Rating: Upload Date: 05/21/2011 Copyright: Attribution Non-commercial India Merger Tags: bank HDFC cbop Read online for free. Flag document for inapproriate content More From This Userwww.scribd.com/doc/55934987/Merger-Report-of -HDFC-CBOP-by -Atmakuri-Rammohan 24/29
  • 25. 10/9/12 Merger Report of HDFC-CBOP by Atmakuri Rammohan 3 p. Rogue Trader Movie... Ram Mohan Atmakuri 368 Reads 70 p. Report on Fundamental and Technical Analysis of ICICI BANK SHARE Ram Mohan Atmakuri 6197 Readswww.scribd.com/doc/55934987/Merger-Report-of -HDFC-CBOP-by -Atmakuri-Rammohan 25/29
  • 26. 10/9/12 Merger Report of HDFC-CBOP by Atmakuri Rammohan 6 p. Level 5 Management Book Review Ram Mohan Atmakuri 306 Reads Next Related 13 p. dfd-intro Kamaldeep Singh 190 Readswww.scribd.com/doc/55934987/Merger-Report-of -HDFC-CBOP-by -Atmakuri-Rammohan 26/29
  • 27. 10/9/12 Merger Report of HDFC-CBOP by Atmakuri Rammohan 20 p. Presentation1 hdfc& cbop pranav307 645 Reads 13 p. Hdfc rajnisinhagwl 1207 Reads Next Leave a Comment Submit Characters: 400www.scribd.com/doc/55934987/Merger-Report-of -HDFC-CBOP-by -Atmakuri-Rammohan 27/29
  • 28. 10/9/12 Merger Report of HDFC-CBOP by Atmakuri Rammohan kartikdoshi4u http://www.scribd.com/rammohan_atm/d/... reply03 / 15 / 2012 patelnayan22 hiiii sir,,,,, I am a MBA student, si i wants to this report.,, sir if u arrange so i m very much thankfull to u... my emil ID mukti_hi@yahoo.com reply03 / 02 / 2012 sandipbhavsar12 hye sir i m sandip bhavsar, and i want this report for my study purpose so please arrange it in my email id : sandipbhavsar214@yahoo.com reply02 / 27 / 2012 jerrynini sir m in a urgent need for ur report to submit my project report so plz mail me ur report as soon as possible plz sir................... nitin.mittal1325@gmail.com reply06 / 12 / 2011 Submit Characters: ... About About Scribd Blog Join our team! Contact Us Advertise with us Get started AdChoices Supportwww.scribd.com/doc/55934987/Merger-Report-of -HDFC-CBOP-by -Atmakuri-Rammohan
  • 29. 10/9/12 Merger Report of HDFC-CBOP by Atmakuri Rammohan Help FAQ Press Partners Publishers Developers / API Legal Terms Privacy Copyright © Copyright 2012 Scribd Inc. Language: Englishwww.scribd.com/doc/55934987/Merger-Report-of -HDFC-CBOP-by -Atmakuri-Rammohan 29/29