banks HDFC, Axis, ICICI

1. SUBMITTED TO SUBMITTED BY
Mrs. Sapna Sanserwal MBA – F(S2)
Asst. Professor Roll No
TIMT, YNR 1169/11-1174/11

2. Introduction to HDFC Bank, Axis Bank & ICICI Bank
1. HDFC Bank
a) AGM Report
b) Equity Research
c) Quarterly Analysis
d) Quarterly performance
e) Quarterly Meet
f)News
2) ICICI Bank
a) AGM Report
b) Equity Research
c)Quarterly Analysis
d) Annual Meet
e) News
3) Axis Bank
a) AGM Report
b)Financial Performance
c) Equity Research
d)Quarterly Analysis
e) Annual Meet
f) News

3. 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
122040.13
ICICI bank ltd is an Indian diversified financial services
company head quartered in Mumbai, Maharashtra.
Market Capitalization in ICICI bank is 102274.19
AXIS bank ltd is an Indian financial services firm head
quartered in Mumbai, Maharashtra. Market
Capitalization in AXIS bank is 47348.59

4. AGM Report
For 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.

5. HDFC 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.

6. QUARTERLY ANALYSIS.
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.

7. 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

8. 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
Highlights:
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.

9. US 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.

10. AGM Report
ICICI 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.

11. 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.

12. ICICI 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.

13. ICICI 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.

15. AGM 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.

16. 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.

17. The 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.

18. NIM 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.

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