Indian Finance Overview

CAPITAL MARKETS FEATURES OF Regulatory Authority : SEBI PRIMARY MARKET PERFORMANCE Number of 24 Major Stock Exchanges (BSE/NSE) 2 G-3 Public Offer Number of Foreign Institutional Investors 502 1600 25000 1400 Number Merchant Bankers (Cat. I) 124 1200 20000 1000 15000 Number of Portfolio Managers 59 800 Number of Venture Capital Funds 43 600 10000 400 5000 Number of Depositories 2 200 Number of Companies in Demat Form (NSDL/CDSL) 4172/4284 0 0 Nos. Rs. Cr. Market Capitalization (BSE): (Rs. Cr.) 572197 Settlement Cycle T+2 No. of Issues Issues in Rs. Cr. Number of Listed Companies (All ) 9644 G-4 Number of Listed Scrips (BSE) 7363 Rights Issue 300 7000 Ratio of Trade Scrips/Listed Scrips (BSE) 30% 250 6000 Share of the Top 5 Scrips to Total Turnover (BSE) 38% 200 5000 Share of Top Ten Scrips in Total Turnover (BSE) 53% 150 4000 Delivery/Turnover Ratio (BSE) 20% 100 3000 Capital Issues (Rs. Bn.) 407 50 2000 -Public Sector (Rs. Bn.) 300 0 1000 -Private Sector (Rs. Bn.) 108 0

-Equity (Rs. Bn.) 73 Nos. Rs. Cr. -Debt (Rs. Bn.) 334 No. of Issues Issues in Rs. Cr. GDRs/ADRs/ECBs (Floatations) (US$ million) 131 -GDRs/ADRs (US$ million) 131 G-5 Private Placements 600 5000 Foreign Capital Inflows (net) (US$ million) 9545 (2001-02) 500 Foreign Aid (US$ million) 1117 (2001-02) 4000 400 External Commercial Borrowings (US$ million) 1144 (2001-02) 3000 NRI Deposits (US$ million) 2754 (2001-02) 300 2000 FDI (US$ million) 3905 (2001-02) 200 1000 Portfolio Investments (US$ million) 2020 (2001-02) 100 Others (US$ million) 893 (2001-02) 0 0

FDI Approvals (US$ million) 3043 (2001-02) Nos. Rs. Cr. BSE Sensex (1979=100) March end 2002 3048.72 No. of Issues Issues in Rs. Cr.

10 PE Ratio 13.74 PRIMARY MARKET PERFORMANCE G-6 PB Ratio 2.14 Preference Shares 180 2500 Yield 2.28 160 2000 NSE Nifty (1995=1000) March end 2002 978.20 140 120 PE Ratio 13.36 1500 100 PB Ratio 2.15 80 1000 Yield 2.93 60 40 500 BANKING SYSTEM 20 0 0 Regulatory Authority RBI Nos. Rs. Cr. Number of Scheduled Commercial 293 No. of Issues Issues in Rs. Cr. Number of the Scheduled Cooperative Banks 68 G-7 Scheduled Commercial Banks Convertible Debentures Public Sector Banks 27 250 45000 -Nationalized Banks 19 40000 200 -SBI and Associates 8 35000 30000 Private Sector Banks 30 150 -Old Private Sector Banks 22 25000 20000 -New Private Sector Banks 8 100 Foreign Banks 40 15000 Regional Rural Banks 196 50 10000 Scheduled Co-op. Banks 5000 -Scheduled Urban Co-op. 52 0 0 -Scheduled State Co-op. Banks 16 Nos. Rs. Cr.

Number of Deposit Accounts (Cr.) 42.8 (2000-01) No. of Issues Issues in Rs. Cr. Number of Loan Accounts (Cr.) 5.2 (2000-01) G-8 Non-convertible Debentures Number of Bank Branches 60 5000 (Commercial Banks except Co-op) 66186 4500 Aggregate Deposits (Rs. bn.) 12806 50 4000 3500 Net Bank Credit (Rs. bn.) 7254 40 Net Non Performing Assets (Rs. bn.) 35 3000 NPA/Net Advances (%) 5.5% 30 2500 Capital Adequacy Ratio (%) 10-12 2000 20 1500 Return on Assets 0.75 1000 Return on Equity 13.75 10 500 Number of Cheque Clearances (bn.) 0.96 0 0 Cheque Clearances Amount (Rs. bn.) 31390 Nos. Rs. Cr.

Bank Rate 6.3 No. of Issues Issues in Rs. Cr. Prime Lending Rate (Maximum) 11.5 G-9 Manufacturing Deposit Rate (Maximum) 6.3 18000 Number of the Urban Co-operative Banks 1826 (2000-01) 16000 Number of the State Co-operative Banks 29 (2000-01) 1400 14000 Number of District Central Co-operative Banks 367 (2000-01) 1200 12000 State Co-op. Agri. and Rural Development Banks 19 (2000-01) 1000 10000 800 8000 Primary Co-op. Agri. and Rural Development Banks 755 (2000-01) 600 6000 400 4000 MUTUAL FUNDS 200 2000 0 0 Regulatory Authority SEBI Number of Mutual Funds 32 Nos. Rs. Cr. Number of Schemes 372 No. Of Issues Issues in Rs. Cr.

11 Total Assets Under Management (Rs. Cr.) 98124 PRIMARY MARKET PERFORMANCE -Bank Sponsored Mutual Funds (6) 19521 G-10 Banking Services -Institution Sponsored Mutual Funds (4) 6936 50 35000 -Indian Private Sector Mutual Funs (6) 12756 30000 40 -Joint Ventures: Predominantly Indian (8) 20837 25000 -Joint Ventures: Predominantly Foreign (10) 38074 30 20000 20 15000 NON BANK FINANCIAL COMPANIES 10000 10 5000 Regulatory Authority RBI 0 0 Number of NBFCs 974 Nos. Rs. Cr. Total Assets (Rs. Cr.) 37634.23 No. Of Issues Issues in Rs. Cr. Public Deposits (Rs. Cr.) 6459.49 G-11 Financial Services Net Owned Funds (Rs. Cr.) 5121.73 700 16000 600 14000 DEVELOPMENT FINANCIAL INSTITUTIONS 500 12000 10000 400 8000 (YEAR OF ESTABLISHMENT) 300 6000 200 4000 All India Development Banks 100 2000 0 1. IDBI (1964) 0 Nos. Rs. Cr. 2. ICICI Bank (Formerly ICICI) (1955) 3. SIBDBI (1990) No. of Issues Issues in Rs. Cr. 4. IIBI (1997) G-12 NBFCs 5. IFCI (1948) 600 4000 3500 Specialised Financial Institutions 500 3000 1. EXIM Bank (1982) 400 2500 2. ILFS Venture Cap. (1988) 300 2000 1500 200 3. ICICI Venture (1988) 1000 4. TFCI (1989). IDFC (1997) 100 500 0 0 Investment Institutions Nos. Rs. Cr. 1. UTI (1964) No. of Issues Issues in Rs. Cr. 2. LIC (1956) 3. GIC and Subsidiaries (1972) G-13 Government Refinance Institutions 180 70000 160 60000 1. NABARD (1982) 140 2. NHB (1980) 120 50000 100 40000 State Level Institutions 80 30000 1. State Financial Corps. : 18 nos. 60 20000 40 2. State Industrial Development Corps. : 28 nos. 10000 20 Other Institutions 0 0 1. Export Credit Guarantee Corporation of India Nos. Rs. Cr. (ECGC) (1957) No. of Issues Issues in Rs. Cr. 2. Deposit Insurance and G-14 State Government Credit Guarantee Corporation (DICGC) (1962) 70 16000 60 14000 50 12000 10000 40 8000 30 6000 20 4000 10 2000 0 0 Nos. Rs. Cr. No. of Issues Issues in Rs. Cr.

12 G-15 Foreign Private Sector PRIMARY MARKET PERFORMANCE G-17 80 6000 Indian Private Sector 70 5000 60 2000 25000 50 4000 1800 40 30 3000 1600 20000 20 10 2000 1400 0 1000 1200 15000 0 1000 Nos. Rs. Cr. 800 10000 No. of Issues Issues in Rs. Cr. 600

G-16 Housing Finance Services 400 5000

16 1200 200 14 1000 12 0 0 800 10 Nos. Rs. Cr. 8 600 6 400 No. of Issues Issues in Rs. Cr. 4 2 200 Source : CMIE for all Graphs. The reference period for the data is the year 2002-03 latest available, wherever possible. 0 0 Sources for Data : , Center for Monitoring Nos. Rs. Cr. Indian Economy, Securities Exchange Board of India, The Stock Exchange, Mumbai, National Stock Exchange of India, PNB No. of Issues Issues in Rs. Cr. Gilts various other publications.

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