DOCSLIB.ORG

View Annual Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
View Annual Report The Asian Banker Transaction Banking Awards Best Cash Management Bank in India The Asset Triple A Awards India - Best in Treasury and Working Capital - SMEs Financial Highlights 2005-2006 2006-2007 2007-2008 Interest income 4,547.26 7,055.35 10,530.43 Interest expense 1,929.50 3,179.45 4,887.12 Net interest income 2,617.76 3,875.90 5,643.31 Other income 1,237.08 1,679.21 2,495.94 Net revenues 3,854.84 5,555.11 8,139.25 Operating costs 2,116.82 2,975.08 4,311.03 Operating result 1,738.02 2,580.03 3,828.22 Provisions and contingencies 484.51 941.28 1,547.59 Loan loss provisions 484.21 877.13 1,278.84 Others 0.30 64.15 268.75 Profit before tax 1,253.51 1,638.75 2,280.63 Provision for taxation 382.73 497.30 690.45 Profit after tax 870.78 1,141.45 1,590.18 Funds : Deposits 55,796.82 68,297.94 100,768.60 Subordinated debt 1,702.00 3,282.60 3,249.10 Stockholders’ equity 5,299.53 6,433.15 11,497.23 Working funds 73,506.39 91,235.61 133,176.60 Loans 35,061.26 46,944.78 63,426.90 Investments 28,393.96 30,564.80 49,393.54 Key Ratios : Earnings per share (`) * 5.58 7.26 9.24 Return on average networth 17.47% 19.40% 16.05% Tier 1 capital ratio 8.55% 8.58% 10.30% Total capital ratio 11.41% 13.08% 13.60% Dividend per share (`) * 1.10 1.40 1.70 Dividend payout ratio 22.55% 22.92% 22.17% Book value per share as at March 31 (`) * 33.85 40.28 64.88 Market price per share as at March 31 (`) ** 154.85 190.83 266.25 Price to earnings ratio 27.74 26.29 28.80 ` 1 Crore = ` 10 Million * Figures for the years prior to 2011-2012 have been adjusted to reflect the effect of split of equity shares from nominal value of ` 10 each into five equity shares of nominal value of ` 2 each. ** Source : NSE (prices for years prior to 2011-2012 have been divided by five to reflect the sub-division of shares) ***Proposed HDFC Bank Limited Annual Report 2014-15 10 (` crore) 2008-2009 2009-2010 2010-2011 2011-2012 2012-2013 2013-2014 2014-2015 16,584.01 16,467.92 20,380.77 27,874.19 35,064.87 41,135.53 48,469.91 8,911.10 7,786.30 9,385.08 14,989.58 19,253.75 22,652.90 26,074.23 7,672.91 8,681.62 10,995.69 12,884.61 15,811.12 18,482.63 22,395.68 3,700.65 4,573.63 4,945.23 5,783.62 6,852.62 7,919.64 8,996.34 11,373.56 13,255.25 15,940.92 18,668.23 22,663.74 26,402.28 31,392.02 5,950.54 6,475.71 7,780.02 9,277.64 11,236.11 12,042.20 13,987.55 5,423.02 6,779.54 8,160.90 9,390.59 11,427.63 14,360.08 17,404.47 2,123.78 2,490.40 2,342.24 1,877.44 1,677.01 1,588.03 2,075.75 1,970.35 2,288.74 1,198.55 1,091.77 1,234.21 1,632.58 1,723.58 153.43 201.66 1,143.69 785.67 442.80 (44.56) 352.17 3,299.24 4,289.14 5,818.66 7,513.15 9,750.62 12,772.05 15,328.72 1,054.31 1,340.44 1,892.26 2,346.08 3,024.34 4,293.67 5,112.80 2,244.93 2,948.70 3,926.40 5,167.07 6,726.28 8,478.38 10,215.92 142,811.58 167,404.44 208,586.41 246,706.45 296,246.98 367,337.48 450,795.65 8,738.58 6,353.10 7,393.05 11,105.65 16,586.75 16,643.05 16,254.90 14,646.33 21,519.58 25,376.35 29,924.37 36,214.15 43,478.63 62,009.42 183,270.77 222,458.57 277,352.59 337,909.50 400,331.90 491,599.50 590,503.08 98,883.05 125,830.59 159,982.67 195,420.03 239,720.64 303,000.27 365,495.04 58,817.55 58,607.62 70,929.37 97,482.91 111,613.60 120,951.07 166,459.96 10.57 13.51 17.00 22.11 28.49 35.47 42.15 16.12% 16.80% 16.52% 18.37% 20.07% 20.88% 20.36% 10.58% 13.26% 12.23% 11.60% 11.08% 11.77% 13.66% 15.69% 17.44% 16.22% 16.52% 16.80% 16.07% 16.79% 2.00 2.40 3.30 4.30 5.50 6.85 8.00 *** 22.17% 21.72% 22.72% 22.70% 22.77% 22.68% 23.62% 68.86 94.02 109.09 127.52 152.20 181.23 247.39 194.68 386.70 469.17 519.85 625.35 748.80 1,022.70 18.42 28.62 27.59 23.51 21.95 21.11 24.26 HDFC Bank Limited Annual Report 2014-15 11 BOARD OF DIRECTORS EXECUTIVE VICE PRESIDENT (LEGAL) & COMPANY SECRETARY Mr. C. M. Vasudev, (Retired w.e.f. close of business hour on 26.08.2014) Mr. Sanjay Dongre Mrs. Shyamala Gopinath, Chairperson (Assumed office w.e.f. 02.01.2015) Mr. A. N. Roy Mr. Bobby Parikh STATUTORY AUDITORS Mr. Keki Mistry Dr. Pandit Palande Mr. Partho Datta Delloitte Haskins & Sells Chartered Accountants Mrs. Renu Karnad Mr. Vijay Merchant (Retired w.e.f. close of business hour on 04.10.2014) Mr. Malay Patel (Appointed as Additional Director on 31.03.2015) Mr. Aditya Puri, Managing Director REGISTERED OFFICE Mr. Paresh Sukthankar, Deputy Managing Director HDFC Bank House, Mr. Kaizad Bharucha, Executive Director Senapati Bapat Marg, Lower Parel, Mumbai 400 013. KEY MANAGERIAL PERSONS Tel: + 91 22 66521000 Mr. Aditya Puri, Managing Director Fax: + 91 22 24960737 Mr. Paresh Sukthankar, Deputy Managing Director Website: www.hdfcbank.com Mr. Kaizad Bharucha, Executive Director Mr. Sashidhar Jagdishan, Chief Financial Officer Mr. Sanjay Dongre, Executive Vice President (Legal) & Company Secretary CORPORATE IDENTIFICATION NO SENIOR MANAGEMENT TEAM CIN - L65920MH1994PLC080618 Mr. A Parthasarthy Mr. Abhay Aima Mr. Anil Jaggia Mr. Anil Nath REGISTRARS & TRANSFER AGENTS Mr. Bhavesh Zaveri Mr. Deepak Maheshwari Datamatics Financial Services Ltd Plot No. B 5, Mr. Jimmy Tata Part B Crosslane, Mr. Navin Puri MIDC, Marol, Andheri (East), Mr. Rahul Bhagat Mumbai 400 093. Mr. Rajender Sehgal Tel: + 91 22 66712213-14 Fax: + 91 22 28213404 Mr. Rakesh Singh E-mail: [email protected] Mr. V Chakrapani HDFC Bank Limited Annual Report 2014-15 12 21st ANNUAL GENERAL MEETING Date : July 21, 2015 Day : Tuesday Time : 2.30 p.m. Place : Birla Matushri Sabhagar, 19, New Marine Lines, Mumbai 400 020 Book Closure for AGM : July 4, 2015 to July 21, 2015 (both days inclusive) Contents Directors’ Report 14 - 61 Independent Auditor's Report 62 - 63 Financial Statements 64 - 131 Basel II - Pillar 3 Disclosures 132 - 165 Independent Auditor's Report for Consolidated Financial Statements 166 - 167 Consolidated Financial Statements 168 - 214 Independent Auditor's Certificate on Corporate Governance 215 Corporate Governance 216 - 231 Shareholder Information 232 HDFC Bank Limited Annual Report 2014-15 13 Directors' Report To the Members, Your Directors take great pleasure in presenting the Twenty First Annual Report on the business and operations of your Bank together with the audited accounts for the year ended March 31, 2015. SUMMARY OF FINANCIAL PERFORMANCE (` crore) For the year ended March 31, 2015 March 31, 2014 Deposits and Other Borrowings 496,009.2 406,776.5 Advances 365,495.0 303,000.3 Total Income 57,466.3 49,055.2 Profit before Depreciation and Tax 15,985.0 13,443.7 Net Profit 10,215.9 8,478.4 Profit brought forward 14,654.2 11,132.2 Total Profit available for Appropriation 24,870.1 19,610.6 Appropriations: Transfer to Statutory Reserve 2,554.0 2,119.6 Transfer to General Reserve 1,021.6 847.8 Transfer to Capital Reserve 224.9 58.3 Transfer to Investment Reserve 27.5 3.2 Proposed Dividend 2,005.2 1,643.4 Tax including Surcharge and Education cess on Dividend 408.2 279.3 Dividend (including tax / cess thereon) pertaining to previous year paid during the year 0.8 4.8 Balance carried over to Balance Sheet 18,627.9 14,654.2 The Bank posted total income and net profit of ` 57,466.3 crore and ` 10,215.9 crore respectively for the financial year ended March 31, 2015 as against ` 49,055.2 crore and ` 8,478.4 crore respectively in the previous year. Appropriations from net profit have been effected as per the table given above. DIVIDEND Your Bank has had a dividend policy that balances the dual objectives of appropriately rewarding shareholders through dividends and retaining capital in order to maintain a healthy capital adequacy ratio to support future growth. It has had a consistent track record of moderate but steady increase in dividend declarations over its history with the dividend payout ratio ranging between 20% and 25%.
Load more

Recommended publications
  • Financial Intermediaries – Anti-Money Laundering Allies in Cash-Based Societies?
    U4 ISSUE April 2015 No 10 Financial intermediaries – Anti-money laundering allies in cash-based societies? Nikos Passas Series editors: Francesco De Simone and Boris Divjak Anti- Corruption Resource Centre www.U4.no U4 is a web-based resource centre for development practitioners who wish to effectively address corruption challenges in their work. U4 is operated by the Chr. Michelsen Institute (CMI) – an independent centre for research on international development and policy – and is funded by the Australian Department of Foreign Affairs and Trade, FPS Foreign Affairs, Foreign Trade and Development Cooperation/ BTC (Belgium), Danida (Denmark), DFID (UK), GIZ (Germany), Norad (Norway), Sida (Sweden) and the Ministry for Foreign Affairs of Finland. All views expressed in this Issue are those of the author(s), and do not necessarily reflect the opinions of the U4 Partner Agencies or CMI/ U4. (Copyright 2015 - CMI/U4) Financial intermediaries – Anti-money laundering allies in cash-based societies? Nikos Passas1 U4 Issue April 2015 No 9 1 Professor of criminology and criminal justice at Northeastern University, Boston, a member of the Programme Consortium at the International Anti-Corruption Academy, Vienna and Chair of Academic Council of the Anti- Corruption Academy of India. Contents Abstract ......................................................................................................................................................... 1 Introduction ..................................................................................................................................................
    [Show full text]
  • Annual Report 2020 Report Annual
    Annual Report 2020 Report Annual Learning Technologies Group plc ltgplc.com ANNUAL UK USA Canada Australia India Hong Kong REPORT London Austin, TX Montréal, QC Adelaide Bangalore Brighton Irving, TX Melbourne Sheffield Jacksonville, FL Colombia Nashville, TN Bogotá Raleigh, NC Hungary 2020 Waltham, MA Budapest Salt Lake City, UT For the year ended 31 December 2020 Learning Technologies Group plc plc Group Technologies Learning Introduction plc Annual Report 2020 plc Annual Report 2020 Introduction Closing the Driving learning and talent gap between for business performance LTG integrates a group of best-in-class product and service companies in talent and learning that are ideal for a dispersed workforce. We have proven ability to help close the gap between an organisation’s current and future workforce capability. current and In addition, our software and service offerings extend beyond the customers’ direct workforces, into their supply and distribution chains. This reflects the evolution in traditional boundaries of learning and talent management. The sophistication of our products and their ability to be configured to other systems enables us to fit solutions into our customers’ processes, not the other way around. future workforce This partnership of strategic thinking and technology provides a competitive advantage in a supply market which often fails to recognise the requirements of complex organisations in complex settings. As a result of recent acquisitions, LTG is now able to capability address a much greater proportion of the market across a broader geographical presence. Digital transformation CONTENT & SOFTWARE & “Pandemic boosts business case for investing in staff. SERVICES PLATFORMS continues to change Finance chiefs must prioritise talent retention as the how organisations economy starts to rebound.” Financial Times operate and behave.
    [Show full text]
  • Trade in Financial Services: India's Opportunities and Constraints
    A Service of Leibniz-Informationszentrum econstor Wirtschaft Leibniz Information Centre Make Your Publications Visible. zbw for Economics Chanda, Rupa Working Paper Trade in financial services: India's opportunities and constraints Working Paper, No. 152 Provided in Cooperation with: Indian Council for Research on International Economic Relations (ICRIER) Suggested Citation: Chanda, Rupa (2005) : Trade in financial services: India's opportunities and constraints, Working Paper, No. 152, Indian Council for Research on International Economic Relations (ICRIER), New Delhi This Version is available at: http://hdl.handle.net/10419/176174 Standard-Nutzungsbedingungen: Terms of use: Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Documents in EconStor may be saved and copied for your Zwecken und zum Privatgebrauch gespeichert und kopiert werden. personal and scholarly purposes. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle You are not to copy documents for public or commercial Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich purposes, to exhibit the documents publicly, to make them machen, vertreiben oder anderweitig nutzen. publicly available on the internet, or to distribute or otherwise use the documents in public. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, If the documents have been made available under an Open gelten abweichend von diesen Nutzungsbedingungen die in der dort Content Licence (especially
    [Show full text]
  • Oecd Workshop Delivering Financial Literacy: Challenges, Strategies and Instruments
    With the support of the Government of Japan SUMMARY RECORD OF THE RBI- OECD WORKSHOP DELIVERING FINANCIAL LITERACY: CHALLENGES, STRATEGIES AND INSTRUMENTS 22-23 MARCH 2010 BANGALORE, INDIA Background The RBI-OECD Workshop on Delivering Financial Literacy was held in Bangalore on 22-23 March 2010. It was co-organised by the Organisation for Economic Co-operation and Development (OECD) and the Reserve Bank of India (RBI) with sponsorship from the Government of Japan. Around 170 participants coming from 22 OECD countries and non-member economies (including 4 Enhanced Engagement countries: Brazil, India, Indonesia and South Africa) and 12 Asian Countries attended the workshop – see attached list of participants. Participation comprised senior and high-level governmental officials, academics as well as representatives from the private sector and NGOs. The main objective of this workshop was to advance the policy dialogue on financial literacy (including as a means to financial inclusion) in the international arena and particularly in India, South East and Asia. Participants also shared experiences in implementing good practices (including OECD guidelines), discussed applied research and exchanged on their respective programmes and initiatives. The workshop covered the following topics1 : Financial Literacy as a Means to Financial Inclusion Role of Financial Institutions and other Stakeholders in Delivering Financial Literacy Capacity Building in Financial Literacy: Youth Education Financial Literacy Strategies: Indian, South and East Asian Experience Assessing Needs and Gaps: Development of Baseline Surveys on Financial Literacy and Inclusion The workshop was deemed particularly successful and fruitful by the majority of participants as further highlighted in the evaluation section hereinafter. Back to back with the workshop, the first roundtable of Asian Central Banks on financial literacy and inclusion was held on 23rd March in the afternoon.
    [Show full text]
  • View Annual Report
    Experiential Leadership Enabling Personalized Customer Journeys Through Technology Annual Report 2017-18 HIGHLIGHTS Net Profit 17,487 crore An increase of 20.2% compared to the previous year. Balance Sheet Size 1,063,934 crore An increase of 23.2% compared to the previous year. Total Deposits 788,771 crore An increase of 22.5% compared to the previous year. Total Advances 658,333 crore An increase of 18.7% compared to the previous year. Capital Adequacy Ratio 14.8% Tier I Capital Ratio 13.2% Gross Non-performing Assets 1.30% of Gross Advances Network Banking outlets: 4,787 ATMs: 12,635 Cities/Towns: 2,691 TABLE OF CONTENTS Board and Management 2 AGM and Record Date Details 5 Evolving into an Experience Business, Digitally 6 Parivartan – A Step towards Progress 10 Working with the Government 12 Graphical Highlights 14 Financial Highlights 18 Directors’ Report 20 Independent Auditors’ Report 77 Financial Statements 80 Basel III- Pillar 3 Disclosures 155 Independent Auditors’ Report for 156 Consolidated Financial Statements Consolidated Financial Statements 160 Secretarial Auditor’s Certificate 209 on Corporate Governance Corporate Governance 210 Shareholder Information 234 BOARD AND MANAGEMENT BOARD OF DIRECTORS Shyamala Gopinath Bobby Parikh Partho Datta Malay Patel Chairperson Umesh Chandra Srikanth Nadhamuni Keki Mistry Sarangi Aditya Puri Paresh Sukthankar Kaizad Bharucha Managing Director Deputy Managing Director Executive Director KEY MANAGERIAL PERSONS Aditya Puri Paresh Sukthankar Kaizad Bharucha Managing Director Deputy Managing Director
    [Show full text]
  • Annual Report 2012 - 2013
    Annual Report 2012 - 2013 Encouraging sustainability Empowering lives Accolades 2012-2013 Asia Money Best Bank Awards Financial Express Best Bank Awards ••Best Domestic Bank in India Best Bank – Private Sector • Best in Strength and Soundness Businessworld Awards for Banking Excellence • Best Banker – Aditya Puri • Most tech-friendly Bank • Deal of the year (Rupee bonds) IBA Banking Technology Awards • Best Online Bank CNBC TV18 India Best Banks and Financial Institutions • Best use of Business Intelligence Awards • Best Customer Relationship Initiative • Best Private Sector Bank • Best Risk Management & Security Initiative • Best use of Mobile Technology in Banking CSO Forum Information Technology Award • Best Information Security Practice IDRBT Banking Technology Excellence Awards • Best Bank in IT for Operational Effectiveness DSCI Information Technology Awards • Security Leader of the year Mint-Aon Hewitt’s India’s Best Managed Boards • Security in Bank • HDFC Bank among India’s six best managed Boards Dun & Bradstreet Banking Awards Nasscom CNBC-TV18 Innovation Award • Overall Best Bank • Best IT driven innovation in Banking (Commercial) • Best Private Sector Bank • Best Asset Quality – Private Sector National Quality Excellence Awards ••Best Retail Banking – Private Sector Best Customer Service Result Dun & Bradstreet Corporate Awards – India’s Top 500 NDTV Profit Business Leadership Awards Companies • Best Bank in India • Best Bank in India Skoch Foundation Financial Inclusion Awards Economic Times Awards for Corporate Excellence
    [Show full text]
  • HDFC Securities AR 2018-19 Cover
    Board of Directors Mr. Abhay Aima Dr. (Mrs.) Amla Samanta Mr. Ashish Rathi, Whole Time Director Mr. Bharat Shah, Chairman Mr. Dhiraj Relli, Managing Director Mr. Jagdish Capoor Auditors BSR & Co., LLP Chartered Accountants Bankers HDFC Bank Limited IndusInd Bank Limited IDBI Bank Limited Punjab National Bank Corporation Bank Company Secretary Mr. N. E. Venkitakrishnan Registered Office Office Floor 8, I think Techno Campus, Building B - Alpha, Kanjurmarg (East), Mumbai 400 042 Tel No. : 022-30753400 Fax No.: 022-30753435 Website : www.hdfcsec.com Corporate Identity Number (CIN) - U67120MH2000PLC152193 Registrar & Share Transfer Agents Datamatics Business Solutions Limited, Plot No B-5, Part B Crosslane, MIDC, Marol, Andheri (East), Mumbai - 400 093 Tel. No.: 66712213/2214 Fax No.: 66712011 CONTENTS Page Directors’ Report 1 - 16 Auditors Report 17 - 23 Balance Sheet 24 Profit & Loss Account 25 Statement of Changes in Equity 26 Cash Flow Statement 27 - 28 Notes to the Accounts 29 - 68 DIRECTORS’ REPORT have resulted in a net profit after tax of Rs.329.82 crore as against Rs. 344.73 crore in the previous year. TO THE MEMBERS The Company has emerged as a strong player in the Your Directors are pleased to present the financial services space offering complete financial 19th Annual Report on the business and operations services along with the core broking product. The of the Company together with audited accounts for Company had 278 branches across 165 cities in the the year ended 31 March, 2019. FY19 was the first country as on 31 March 2019 and also has multiple year of applicability of Indian Accounting Standards digital platforms to enable its customers have easy (IND AS) that have been harmonised with access to its products.
    [Show full text]
  • Appolo Study Centre
    APPOLO STUDY CENTRE GENERAL AWARENESS PRACTICE MCQs FOR BANK EXAMINATIONS 2014 1. Who headed the committee which submitted its report on February 7, 2014 regarding Financial Bench Marks (appointed by RBI)? a) Prakash Bakshi b) Damodaran c) Vijaya Bhaskar d) D.Subba Rao e) None of the above 2. Which among the following is correct and full form of CAS in context with banking markets in India? a) Cash Authorized Scheme b) Credit Authorized Scheme c) Credit Access Systemd) Credit Arrangement System e) Cash Accreditation Scheme 3. Money laundering refers to which of the following? a) Conversion of assets into cash b) Conversion of Black money gained from illegal activities to white money c) Conversion of cash into gold d) Conversion of gold into cash e) Conversion of shares into cash 4. Account for conversion of physical securities into electronic form is know as? a) NRI Account b) Foreign Account c) Trio Account d) Current Account e) DEMAT (Dematerialisation)Account 5. What is "Hot Money"? a) Flow of funds (or capital) from one country to another in order to earn a short-term profit on interest rate differences and/or anticipated exchange rate shifts. b) Hard Currency c) Soft Currency d) Foreign Assets e) All of these 6. RBI has decided to prescribe a minimum CRAR for StCBS /CCBs of 9% to be achieved in a phased manner over a period of 3 years as indicated below a) 3 years b) 4 years c) 5 yeasrs d) 2 years e) No such restriction 7. PFRDA stands for? a) Provident Fund Regulatory and Development Authority b) Preferential Fund Regulatory and Development Authority c) Permanent Fund Regulatory and Development Authority d) Pension Fund Regulatory and Development Authority e) None of these PH: 24339436, 42867555, 9840226187 8.
    [Show full text]
  • Trade Related Moneylaundering
    IJMSS Vol.03 Issue-05, (May, 2015) ISSN: 2321-1784 International Journal in Management and Social Science (Impact Factor- 4.747) BLACK to WHITE MONEY -TRADE RELATED MONEYLAUNDERING Amrutha Mary Varkey Assistant Professor ,Economics KristuJayantiCollege,Banglore Abstract: The generation of black money and its stashing abroad in tax havens and offshore financial centers have dominated discussions in India by the last year with the Cobrapost second sting operation which brought in to the public the money laundering activities of three private banks in India. Particularly some reports suggested estimates of such unaccounted wealth being held in abroad via clandestine channels. The objective of this paper is to place various dimensions of black money and its complex relationship with policy and governance in India .This also brings forth the framework, policy options, and the strategies that the Government of India has been pursuing to tackle this issue; especially recent initiatives and developments. This paper may be helpful in contributing to the current debate on the black money issue and help to develop a board consensus regarding the future course of action for it. A Monthly Double-Blind Peer Reviewed Refereed Open Access International e-Journal - Included in the International Serial Directories International Journal in Management and Social Science http://www.ijmr.net.in email id- [email protected] Page 551 IJMSS Vol.03 Issue-05, (May, 2015) ISSN: 2321-1784 International Journal in Management and Social Science (Impact Factor- 4.747) INTRODUCTION “Sir, money, money, the most charming of all things; money, which will say more in one moment than the most elegant lover can in years.
    [Show full text]
  • Full Page -2002-03.P65
    Highlights Profit after tax up by 30.5% to Rs. 387.6 crores Earnings per share increases from Rs. 11.01 per share to Rs. 13.75 per share Dividend per share increases from Rs. 2.50 per share to Rs. 3.00 per share (proposed) Branch Network up from 171 to 231 outlets ATM network up from 479 to 732 PhoneBanking coverage in 80 cities Point-of-Sale (POS) Terminals at merchant outlets up from 6480 to 21804 Geographic reach expanded from 77 cities to 123 cities Balance Sheet size up from Rs. 23,787 crores to Rs. 30,424 crores Assigned highest rating CRISIL GVC Level 1 on corporate governance and value creation by The Credit Rating Information Services Of India Limited (CRISIL) 1 financial highlights Rs. in lacs 1998-1999 1999-2000 2000-2001 2001-2002 2002-2003 Interest Income 37,608 67,987 125,946 170,299 202,297 Interest Expense 22,918 37,428 75,375 107,374 119,196 Net Interest Income 14,690 30,559 50,571 62,925 83,101 Other Income 6,807 12,535 18,553 33,325 47,310 Net Revenues 21,497 43,094 69,124 96,250 130,411 Operating costs 8,879 17,139 30,959 41,795 59,183 Operating Result 12,618 25,955 38,165 54,455 71,228 Loan Loss Provisions 758 5,360 5,296 8,577 8,839 Depreciation and amortisation on investments 94 581 1,338 1,916 5,257 Others 81 529 25 1,424 47 Profit before tax 11,685 19,485 31,506 42,538 57,085 Provision for taxation 3,445 7,481 10,494 12,834 18,325 Profit after tax 8,240 12,004 21,012 29,704 38,760 Funds : Deposits 291,511 842,772 1,165,811 1,765,381 2,237,607 Subordinated debt 13,500 15,000 20,000 20,000 20,000 Stockholders Equity
    [Show full text]
  • Seminar on Internal Audit of Stock Brokers Kyc, Pmla
    SEMINAR ON INTERNAL AUDIT OF STOCK BROKERS KYC, PMLA & POLICY ASPECTS CA Vishal Shah CA, DISA, SSBB Saturday, 23 rd November 2013 Venue: ICAI Bhavan, Cuffe Parade, Mumbai CONTENTS Glossary of Terms KYC – Brief Overview KYC - Stock Brokers KYC – Learning from Internal Audit Money Laundering – Brief Overview Regulatory Requirements – PMLA Act, 2002 Regulatory Requirements – SEBI Guidelines Policy Aspects Case Study – Importance of KYC WIRC – Presentation by CA Vishal Shah GLOSSARY OF TERMS AML Anti – Money Laundering PEP Politically Exposed Persons Prevention of Money Laundering Act, CRF Client Registration Form PMLA 2002 CTR Cash Transaction Report RDD Risk Disclosure Document Securities and Exchange Board of FATF Financial Action Task Force SEBI India FIU Financial Intelligence Unit STR Suspicious Transaction Report KYC Know Your Client TM Trading Member MCA Member Client Agreement UCC Unique Client Code PAN Permanent Account Number UIN Unique Identification Number WIRC – Presentation by CA Vishal Shah Flow of activities for the stock broker is illustrated in the chart below: Customer Acquaintance of the Order Placement • client with the Telephone Securities Funds Delivered • member Internet Delivered HO/Branch KYC : Due Diligence, Order placement (Front-Office) In person Verification, by dealer Member Mapping in Back Office Exchange Uploading of UCC to Confirmation of the exchange and Trades Exchange pay-in/ intimation to client pay out MEMBER (Mid & Receipt of Trade Contracting Obligation Securities Pay- Funds Pay- Back Office) file
    [Show full text]
  • HDFC Bank Limited Annual Report 2014-15 10 (` Crore)
    The Asian Banker Transaction Banking Awards Best Cash Management Bank in India The Asset Triple A Awards India - Best in Treasury and Working Capital - SMEs Financial Highlights 2005-2006 2006-2007 2007-2008 Interest income 4,547.26 7,055.35 10,530.43 Interest expense 1,929.50 3,179.45 4,887.12 Net interest income 2,617.76 3,875.90 5,643.31 Other income 1,237.08 1,679.21 2,495.94 Net revenues 3,854.84 5,555.11 8,139.25 Operating costs 2,116.82 2,975.08 4,311.03 Operating result 1,738.02 2,580.03 3,828.22 Provisions and contingencies 484.51 941.28 1,547.59 Loan loss provisions 484.21 877.13 1,278.84 Others 0.30 64.15 268.75 Profit before tax 1,253.51 1,638.75 2,280.63 Provision for taxation 382.73 497.30 690.45 Profit after tax 870.78 1,141.45 1,590.18 Funds : Deposits 55,796.82 68,297.94 100,768.60 Subordinated debt 1,702.00 3,282.60 3,249.10 Stockholders’ equity 5,299.53 6,433.15 11,497.23 Working funds 73,506.39 91,235.61 133,176.60 Loans 35,061.26 46,944.78 63,426.90 Investments 28,393.96 30,564.80 49,393.54 Key Ratios : Earnings per share (`) * 5.58 7.26 9.24 Return on average networth 17.47% 19.40% 16.05% Tier 1 capital ratio 8.55% 8.58% 10.30% Total capital ratio 11.41% 13.08% 13.60% Dividend per share (`) * 1.10 1.40 1.70 Dividend payout ratio 22.55% 22.92% 22.17% Book value per share as at March 31 (`) * 33.85 40.28 64.88 Market price per share as at March 31 (`) ** 154.85 190.83 266.25 Price to earnings ratio 27.74 26.29 28.80 ` 1 Crore = ` 10 Million * Figures for the years prior to 2011-2012 have been adjusted to reflect the effect of split of equity shares from nominal value of ` 10 each into five equity shares of nominal value of ` 2 each.
    [Show full text]