Financial Performance of Private Sector Banks in India An Evaluation.

Prepared by B.Sathish Kumar Faculty MBA VLB Janakiammal College of Engineering & Technology Coimbatore. 641042 Tamilnadu - India Sathish_inbox@yahoo.co.in

Abstract: Private sector banks play an important role in development of Indian economy. After liberalization the banking industry under went major changes. The economic reforms totally have changed the banking sector. RBI permitted new banks to be started in the private sector as per the recommendation of Narashiman committee. The Indian banking industry was dominated by public sector banks. But now the situations have changed new generation banks with used of technology and professional management has gained a reasonable position in the banking industry. The main idea of this article is to make an evaluation of the financial performance of Indian private sector banks.

Financial Performance of Private Sector Banks in India An Evaluation Introduction: Private sector bank plays an important role in development of Indian economy. After liberalization the banking industry under went major changes. Important decisions taken by government after liberalization are reduce of governments stake 0f 51% in public sector banks. RBI permitted new banks to be started in the private sector as per the recommendation of Narashiman committee. Foreign banks also were permitted to enter Indian banking industry. During 1994-1995 permission were give to set up banks like UTI bank, Induslnd bank, ICICI bank, Global trust bank Ltd., Centurion bank Ltd., and HDFC bank Ltd., latter during 1995-1996 further new banks like Times bank Ltd., Bank of Punjab ltd., Development credit bank Ltd., and IDBI bank was set up. The following table shows the number of banks and branches operating in India as on 30th June 2006. No. of Branches 34073 13844 181 6543 14488 26 262 Total
#

Bank Group Nationalized Sector Banks State bank of India Other Public Sector bank Private sector banks Regional rural bank Non Schedule commercial banks Foreign Banks

Numbers of Banks 19 8 1 28 130# 4 29 219

69417

36 RRB was amalgamated into 12 RRB during 1st April to 30th June 2006.

Functioning of Public Sector Banks (PSBs), is at a relative disadvantage when compared to the private sector, which is offering state-of-the-art facilities such as ATMs, doorstep banking, banking on phone, internet banking, core banking etc. PSBs also suffer from huge costs of labor and low levels of automation. This apart, the problems which have assumed enormous proportion today as far as Public Sector banks concerned are ballooning NPA levels, declining margins, poor credit off-take, high 2

overheads, and lack of good quality assets. But at this juncture we have to accept that the number of branch network offered by public sector banks cannot be matched with other sectors.

Methodology This article is an attempt to study the financial performance of Indian private sector bank and rank them based on each variable for the period of study. A consolidate ranking is also calculate. This is calculated by taking the average of the three years rank and once again ranking them based on average. To analyze the financial performance variables like Business per employee, return on assets, profit per employee, capital adequacy, credit deposit ratio, operating profit and percentage of net Non performing asset to net advance are taken for analysis. Data are collected from secondary sources like RBI bulletin and other web site relating to banking industry. Data were collected for a period of three years (2003-2004, 2004-2005, and 2005-2006) from all Indian private sector banks. Analysis The following are the outcome of the analysis. 1. The ratio return on assets is used to measure the profitability of the banks. During the year 2003-2004 SBI commercial and international bank ranks first with 3.9% followed by Karur Vysya Bank Ltd., and Kotak Mahindra Bank Ltd., The least performer during 2003-2004 was Centurion Bank Ltd which was -3.16% During the year 2004-2005 the best performer in terms of return on assets can be assigned to Kotak Mahindra Bank Ltd., followed by Tamilnad Mercantile Bank and Indusind bank in second and third position respectively. Development Credit Bank Ltd., with a negative return on assets of 3.38% ranks at the end. In case of the year 2005-2006 Yes bank has got the first rank and Tamilnad mercantile bank has retained its position of second rank. Development Credit bank ranks the last with a negative return on assets of 2.01% 2. To measure the efficiency of the employee working in bank we can use profit per employee as a tool. During the year 2003-2004 SBI Commercial & International bank Ltd., ranks first with a profit per employee of Rs. 17.12 lakhs. During this

period The Sangli Bank Ltd., rank the least with Rs. 0.62 lakhs. During the year 2004-2005 and 2005-2006 ICICI Bank Ltd., ranks first with a profit per employee of Rs. 11 lakhs and Rs. 10 lakhs respectively. The SBI Commercial & International Bank Ltd., which ranked first during the year 2003-2004, has gone down in ranking to 26th position with a negative profit per employee of Rs. 9.73 lakhs. During this period the Development Credit Bank Ltd., has the lowest rank. During the year 2005-2006 Yes bank has gained to 2nd position from 23rd position. Development Credit Bank Ltd., rank the last with a loss per employee of Rs. 7 lakhs. 3. In terms of operating profit, ICICI Bank Ltd. Ranks first all the years of study. During the year 2003 2004, The Ganesh Bank of Kurundwad Ltd., ranks least with the operating profit Rs. 1.97 Crores. During the years 2004-2005 and 20052006 Development Credit Bank Ltd., has incurred a operating loss of Rs. 4.12 crores and 19.67 crores respectively and has been dragged to last rank. 4. Business per employee is also a tool to measure the efficiency of the employee of the banks, it is calculated by dividing the aggregate of total deposit raised and total advances distributed in a particular year by the number of employees. UTI Bank Ltd., Indusind Bank and ICICI Bank Ltd., dominates by gaining top rank during the period of study. Nainital Bank Ltd., The Ganesh Bank of Kurundwad Ltd and The Sangli bank Ltd are at the least positions during the period of study. 5. Capital adequacy ratio is calculated by dividing the capital (Tier I and Tier II) by risk weighted assets. Equity capital and Free reserves come under the category of Tier I capital. Tier II capital consists of Debts. The Current capital adequacy norm fixed by RBI is 8% with effect from March 31, 1996.Higher the ratio the banks are in a comfortable position to absorb losses. From the table v we infer that SBI commercial & international bank Ltd. ranks first with high capital adequacy ratio in all years of study. During the year 2004 2005 The Ganesh Bank of Kurundwad Ltd and The United western Bank Ltd., are the banks which fall below the standard of 8%. Similarly, The United western Bank Ltd. is also below the standard with a negative ratio during the year 2005 -2006.

6. Credit deposit ratio is a tool used to study the liquidity position of the bank. It is calculated by dividing the cash held in different forms by total deposit. A high ratio shows that there is more amounts of liquid cash with the bank to met its clients cash withdrawals. We can find from table VI, banks like ICICI bank Ltd, Yes Bank and Ing Vysya Bank maintain a high ratio during the period of study. The Bank of Rajasthan Ltd., has maintained a least ratio during all years of study. 7. Net NPA as a percentage of Net advances is used to study the quality of the assets of the bank. From the table VII we can observe that SBI Commercial & International Bank Ltd., ranks first , second and third position during the years 2003- 2004, 2004-2005 and 2005-2006. The Ganesh Bank of Kurundwad Ltd., Western Union Bank Ltd., and Development Credit bank plays a predominant position. Kotak Mahindra bank Ltd., HDFC bank Ltd., have taken up the least position during the period of study.

Findings: The following are the summarized results of analysis: 1. We can conclude that the best performing bank on the basis of profitability are Kotak Mahindra Bank Ltd. The bank which performs least is Development Credit Bank Ltd. 2. From the analysis we can come to a conclusion that UTI bank Ltd., employees generate more business. 3. We can see from the table III that ICICI Bank employees are those who generate more profit. Similarly the operating profit is the highest among all private sector banks. 4. SBI Commercial & International Bank Ltd. is the organization which maintains the highest capital adequacy ratio during all years of study. 5. We can find that ICICI bank Ltd., and Yes bank Ltd., are those which maintains a good liquidity position.

6. In studying the quality of assets with Net NPA as a percentage of Net advances Indusind Bank Ltd. and The Ganesh Bank of Kurundwad Ltd. has taken the top position.

Conclusion: Indian banking system has under gone a drastic change since liberalization. The new generation private sector bank has best used the technology, utilize the manpower in an effective manner. They are professionally managed. These have made them to attract more customers and made them to grower faster and stronger.

Reference Trends and progress of Banking in India, RBI annual Report 2005-2006 December 2006, Best Bank 2006, Business India. www.rbi.org.in www.iba.org.in

Annexure I Table showing return on assets and rank of private sector banks
Return on Assets 2004 2005 2006 1.25 0.62 0.15 1.86 1.33 1.46 0.37 -3.38 -2.01 0.45 -0.25 0.05 1.34 1.27 1.28 1.33 0 0.17 1.58 1.25 1.06 3.67 -2.1 1.09 1.59 1.52 1.67 0.82 0.38 0.19 1.31 0.24 0.13 0.71 -0.83 0.33 0.9 0.62 1.28 0.86 -2.58 NA 1.92 0.47 0.67 2.43 1.45 1.65 1.19 0.08 0.53 1.12 -1.17 0.07 0.64 -1.52 NA 1 0.09 0.53 0.43 -1.42 -1.55 0.85 -1.29 NA -3.16 0.64 0.89 1.45 1.47 1.38 1.31 1.48 1.3 1.74 1.5 0.22 2.4 1.56 1.39 1.42 1.21 1.18 - -0.29 2.13 Rank 2005 12 7 29 20 8 19 9 27 2 15 16 22 12 28 14 6 18 23 26 17 25 24 11 5 4 3 1 10 21 RANK 2006 21 4 26 24 8 20 12 11 2 19 22 17 8 14 3 15 23 15 25 13 6 7 18 5 10 1 15 4 29 25 7 18 9 13 2 14 18 22 13 26 11 2 16 7 27 17 28 6 20 5 6 2 1 10 12

No 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29

BANKS Bharat Overseas Bank Ltd. City Union Bank Ltd. Development Credit Bank Ltd. Ing Vysya Bank Ltd. The Karnataka Bank Ltd. Lord Krishna Bank Ltd. Nainital Bank Ltd. SBI Commercial & International Bank Ltd. Tamilnad Mercantile Bank Ltd. The Bank of Rajasthan Ltd. The Catholic Syrian Bank Ltd. The Dhanalakshmi Bank Ltd. The Federal Bank Ltd. The Ganesh Bank of Kurundwad Ltd. The Jammu & Kashmir Bank Ltd. The Karur Vysya Bank Ltd. The Lakshmi Vilas Bank Ltd. The Ratnakar Bank Ltd. The Sangli Bank Ltd. The South Indian Bank Ltd. The United Western Bank Ltd. Bank of Punjab Ltd.* Centurion Bank Ltd.* HDFC Bank Ltd. ICICI Bank Ltd. Indusind Bank Ltd. Kotak Mahindra Bank Ltd. UTI Bank Ltd. YES Bank

2004 15 5 27 25 11 12 8 1 7 22 13 23 19 20 4 2 16 17 24 18 26 21 28 9 13 6 3 10 -

II: Table showing business per employee and rank of private sector banks
No 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 BANKS Bharat Overseas Bank Ltd. City Union Bank Ltd. Development Credit Bank Ltd. Ing Vysya Bank Ltd. The Karnataka Bank Ltd. Lord Krishna Bank Ltd. Nainital Bank Ltd. SBI Commercial & International Bank Ltd. Tamilnad Mercantile Bank Ltd. The Bank of Rajasthan Ltd. The Catholic Syrian Bank Ltd. The Dhanalakshmi Bank Ltd. The Federal Bank Ltd. The Ganesh Bank of Kurundwad Ltd. The Jammu & Kashmir Bank Ltd. The Karur Vysya Bank Ltd. The Lakshmi Vilas Bank Ltd. The Ratnakar Bank Ltd. The Sangli Bank Ltd. The South Indian Bank Ltd. The United Western Bank Ltd. Bank of Punjab Ltd.* Centurion Bank Ltd.* HDFC Bank Ltd. ICICI Bank Ltd. Indusind Bank Ltd. Kotak Mahindra Bank Ltd. UTI Bank Ltd. YES Bank Business Per Employee 2004 370 286.8 480.45 324.34 320.23 308.94 124.56 570.69 292.43 199.93 182.16 248.63 327 126.21 345 330 276 198.36 95.7 306 290 444.54 392.84 866 1010 1079.95 354.28 808 2005 422 325.8 402 394.92 380.9 306.35 162.32 527.06 316.97 231.18 220 292.7 366 124.28 435 387 296 220.75 105.35 352 309 355.93 383.49 806 880 925.78 387.27 1021 687.93 2006 484 339.69 390 426 478.29 326 225 626.43 358.29 291.4 247 311.71 431 NA 516 439 371 250.92 NA 422 324 NA 339 758 905 880.18 352 1020 848.08 -2004 9 20 6 14 15 16 27 5 18 23 25 22 13 26 11 12 21 24 28 17 19 7 8 3 2 1 10 4 Rank 2005 8 18 9 10 14 21 27 6 19 24 26 23 15 28 7 12 22 25 29 17 20 16 13 4 3 2 11 1 5 -19 5 2 3 17 1 4 -13 21 2006 8 18 14 12 9 20 26 6 16 23 25 22 11 -7 10 15 24 7 19 9 12 13 20 27 6 18 16 26 23 15 28 7 10 21 5 29 17 22 19 16 4 3 1 13 1 5 RANK

III: Table showing profit per employee and rank of private sector banks
(Rs. In lakhs) No 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 BANKS Bharat Overseas Bank Ltd. City Union Bank Ltd. Development Credit Bank Ltd. Ing Vysya Bank Ltd. The Karnataka Bank Ltd. Lord Krishna Bank Ltd. Nainital Bank Ltd. SBI Commercial & International Bank Ltd. Tamilnad Mercantile Bank Ltd. The Bank of Rajasthan Ltd. The Catholic Syrian Bank Ltd. The Dhanalakshmi Bank Ltd. The Federal Bank Ltd. The Ganesh Bank of Kurundwad Ltd. The Jammu & Kashmir Bank Ltd. The Karur Vysya Bank Ltd. The Lakshmi Vilas Bank Ltd. The Ratnakar Bank Ltd. The Sangli Bank Ltd. The South Indian Bank Ltd. The United Western Bank Ltd. Bank of Punjab Ltd.* Centurion Bank Ltd.* HDFC Bank Ltd. ICICI Bank Ltd. Indusind Bank Ltd. Kotak Mahindra Bank Ltd. UTI Bank Ltd. YES Bank Profit Per Employee 2004 3.41 4.09 1.21 1.15 3.1 2.37 1.91 17.12 3.69 1.67 1.96 1.32 2.14 0.81 6 5.65 2.11 1.58 0.62 2.39 0.96 2.53 0 9.39 12 14.98 10.25 8.07 2005 1.86 3.23 -11 -0.01 3.35 -2 -9.73 3.6 0.86 0.37 -1.65 1.39 NA 2 3.75 0.17 -1.73 -1.66 0.24 -3.12 -3.24 1.83 8.8 11 10.12 5.37 8.02 -1.82 2006 0.51 3.51 -7 0 4.05 0 2 5.7 4.41 0.38 0.22 0.72 3.54 NA 3 4.65 1.2 0.11 1.37 -3.48 NA 1.96 7.39 10 1.56 4.15 8.69 8.82 -2004 11 9 23 24 12 15 19 1 10 20 18 22 16 26 7 8 17 21 27 14 25 13 28 5 3 2 4 6 -10 26 7 15 16 20 14 -10 6 18 22 21 17 24 25 13 3 1 2 5 4 23 Rank 2005 12 9 27 19 8 2006 19 11 26 24 9 23 13 5 7 20 21 18 10 -12 6 17 22 -16 25 -14 4 1 15 8 3 2 14 8 28 25 8 21 14 11 7 12 18 23 13 29 8 6 17 6 26 16 27 8 18 2 1 3 4 3 12 RANK

IV: Table showing Operating profit and rank of private sector banks (Rs. In crores)
BANKS No 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 Bharat Overseas Bank Ltd. City Union Bank Ltd. Development Credit Bank Ltd. Ing Vysya Bank Ltd. The Karnataka Bank Ltd. Lord Krishna Bank Ltd. Nainital Bank Ltd. SBI Commercial & International Bank Ltd. Tamilnad Mercantile Bank Ltd. The Bank of Rajasthan Ltd. The Catholic Syrian Bank Ltd. The Dhanalakshmi Bank Ltd. The Federal Bank Ltd. The Ganesh Bank of Kurundwad Ltd. The Jammu & Kashmir Bank Ltd. The Karur Vysya Bank Ltd. The Lakshmi Vilas Bank Ltd. The Ratnakar Bank Ltd. The Sangli Bank Ltd. The South Indian Bank Ltd. The United Western Bank Ltd. Bank of Punjab Ltd.* Centurion Bank Ltd.* HDFC Bank Ltd. ICICI Bank Ltd. Indusind Bank Ltd. Kotak Mahindra Bank Ltd. UTI Bank Ltd. YES Bank Operating profit 2004 56.83 117.8 53.96 261.8 329.79 48.3 20.64 25.98 169.89 185.3 123.27 66.95 436.75 1.97 628.42 214.56 86.75 13.9 28.03 241.98 132.8 102.93 12.13 1007.91 2480.84 444.68 126.52 698.03 2005 54.32 81.67 -4.12 99.33 340.71 -1.05 21.1 10.92 174.21 82.45 78.58 18.45 400.4 -2.72 369.58 199.23 54.71 9.54 6 172.23 72.08 19.48 30.9 1343.87 2956 401.24 133.41 565.62 -3.65 2006 45.42 109.15 -19.67 152.71 328.29 12.16 27.9 20.02 198.91 28.9 36.99 28.25 452.18 N.A. 451.65 228.65 39.92 12.98 N.A. 156.39 40.62 NA 147.97 1978.73 4690.67 224.57 210.56 993.82 99.08 -2004 20 16 21 8 7 22 25 24 12 11 15 19 6 28 4 10 18 26 23 9 13 17 27 2 1 5 14 3 Rank 2005 18 14 29 12 7 26 20 23 9 13 15 22 5 27 6 8 17 24 25 10 16 21 19 2 1 4 11 3 28 -5 7 18 24 -11 17 -13 2 1 8 9 3 15 2006 16 14 26 12 6 25 22 23 10 20 19 21 4 18 13 28 11 7 26 23 24 10 10 16 21 4 29 4 8 17 3 25 9 15 11 20 2 1 2 12 3 22 RANK

10

V: Table capital adequacy ratio and rank of private sector banks

RANK 2006 16 10 25 20 12 23 5 1 2 21 15 24 6 -11 4 18 19 -8 26 -9 13 7 22 14 17 3 6 10 24 28 9 13 5 1 2 14 21 24 15 27 7 4 16 18 20 18 29 4 11 14 17 4 7 18 3

No 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29

BANKS Bharat Overseas Bank Ltd. City Union Bank Ltd. Development Credit Bank Ltd. Ing Vysya Bank Ltd. The Karnataka Bank Ltd. Lord Krishna Bank Ltd. Nainital Bank Ltd. SBI Commercial & International Bank Ltd. Tamilnad Mercantile Bank Ltd. The Bank of Rajasthan Ltd. The Catholic Syrian Bank Ltd. The Dhanalakshmi Bank Ltd. The Federal Bank Ltd. The Ganesh Bank of Kurundwad Ltd. The Jammu & Kashmir Bank Ltd. The Karur Vysya Bank Ltd. The Lakshmi Vilas Bank Ltd. The Ratnakar Bank Ltd. The Sangli Bank Ltd. The South Indian Bank Ltd. The United Western Bank Ltd. Bank of Punjab Ltd.* Centurion Bank Ltd.* HDFC Bank Ltd. ICICI Bank Ltd. Indusind Bank Ltd. Kotak Mahindra Bank Ltd. UTI Bank Ltd. YES Bank

Capital Adequacy Ratio 2004 16.25 13.36 14.26 11.05 13.03 16.68 18.54 30.43 21.07 11.18 11.23 13.56 11.48 11.94 12.98 17.11 13.79 16.65 13.68 11.32 10.13 12.64 7.49 11.66 10.36 12.75 15.25 11.21 2005 14.95 12.18 9.88 9.09 14.16 11.74 14.85 23.56 19.74 12.75 11.35 10.16 11.27 3.99 15.15 16.07 11.32 12.03 9.3 9.89 4.86 9.23 21.42 12.16 11.78 11.62 12.8 12.66 18.81 2006 11.24 12.33 9.66 10.67 11.78 10.11 13.88 22.29 18.33 10.6 11.26 9.75 13.75 NA 12.14 14.79 10.79 10.69 NA 13.02 -0.53 NA 12.52 11.41 13.35 10.54 11.27 11.08 16.43 -2004 7 13 9 25 14 5 3 1 2 24 22 12 20 18 15 4 10 6 11 21 27 17 28 19 26 16 8 23

Rank 2005 7 13 24 27 9 17 8 1 3 11 19 22 21 29 6 5 20 15 25 23 28 26 2 14 16 18 10 12 4

11

VI: Table showing credit deposit ratio and rank of private sector banks
RANK 2006 12 6 21 4 22 16 25 9 20 26 15 13 11 -19 5 8 23 10 18 -7 14 2 17 1 24 3 13 8 20 3 21 18 28 15 23 20 19 15 11 26 22 4 5 6 27 12 14 13 10 6 1 3 6 25 1

BANKS No 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 Bharat Overseas Bank Ltd. City Union Bank Ltd. Development Credit Bank Ltd. Ing Vysya Bank Ltd. The Karnataka Bank Ltd. Lord Krishna Bank Ltd. Nainital Bank Ltd. SBI Commercial & International Bank Ltd. Tamilnad Mercantile Bank Ltd. The Bank of Rajasthan Ltd. The Catholic Syrian Bank Ltd. The Dhanalakshmi Bank Ltd. The Federal Bank Ltd. The Ganesh Bank of Kurundwad Ltd. The Jammu & Kashmir Bank Ltd. The Karur Vysya Bank Ltd. The Lakshmi Vilas Bank Ltd. The Ratnakar Bank Ltd. The Sangli Bank Ltd. The South Indian Bank Ltd. The United Western Bank Ltd. Bank of Punjab Ltd.* Centurion Bank Ltd.* HDFC Bank Ltd. ICICI Bank Ltd. Indusind Bank Ltd. Kotak Mahindra Bank Ltd. UTI Bank Ltd. YES Bank

Credit Deposit ratio 2004 56.3 54.34 54.52 66.2 49.62 48.37 31.04 32.29 48 30.54 48.92 52.82 57.14 46.68 49.75 68.06 61.86 48.38 34.86 50.69 58.23 56.89 51.39 58.35 95.4 65.19 47.03 44.68 2005 60.07 65.03 55.36 72.24 58.02 63.73 38.92 69.61 54.41 35.67 56.93 60.29 58.07 43.47 53.21 69.24 66.3 54.07 40.9 63.18 61.62 56.12 62.14 70.33 91.57 68.63 93.43 49.2 114.77 2006 63.3 72.48 59.77 76.73 58.83 62.35 53.64 67.1 60.09 45.72 62.83 62.95 65.64 N.A. 61.67 73.32 68.09 56.15 N.A. 66.5 61.82 NA 69.51 62.84 88.54 62.04 96.69 55.63 82.71 2004 10 12 11 3 17 20 27 26 21 28 18 13 8 23 16 2 5 19 25 15 7 9 14 6 1 4 22 24 --

Rank 2005 16 10 21 4 18 11 28 6 22 29 19 15 17 26 24 7 9 23 27 12 14 20 13 5 3 8 2 25 1

12

VII: Table showing Net NPA to Net Advances and rank of private sector ban
Net NPA to Net Advances 2004 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 Bharat Overseas Bank Ltd. City Union Bank Ltd. Development Credit Bank Ltd. Ing Vysya Bank Ltd. The Karnataka Bank Ltd. Lord Krishna Bank Ltd. Nainital Bank Ltd. SBI Commercial & International Bank Ltd. Tamilnad Mercantile Bank Ltd. The Bank of Rajasthan Ltd. The Catholic Syrian Bank Ltd. The Dhanalakshmi Bank Ltd. The Federal Bank Ltd. The Ganesh Bank of Kurundwad Ltd. The Jammu & Kashmir Bank Ltd. The Karur Vysya Bank Ltd. The Lakshmi Vilas Bank Ltd. The Ratnakar Bank Ltd. The Sangli Bank Ltd. The South Indian Bank Ltd. The United Western Bank Ltd. Bank of Punjab Ltd.* Centurion Bank Ltd.* HDFC Bank Ltd. ICICI Bank Ltd. Indusind Bank Ltd. Kotak Mahindra Bank Ltd. UTI Bank Ltd. YES Bank 2.26 6.37 4.87 2.6 4.98 6.05 NIL 18.31 5 2.99 4.65 6.68 2.89 10.59 1.48 2.32 5.4 5.58 6.56 4.55 8.95 4.69 4.43 0.16 2.21 2.72 0.17 1.29 2005 1.56 3.37 6.34 2.13 2.29 4.22 NIL 7.65 2.95 2.5 3.8 3.92 2.21 8.32 1.41 1.66 4.98 5.54 4.3 3.81 5.83 4.64 2.49 0.24 1.65 2.71 0.37 1.39 2006 1.87 1.95 4.5 1.76 1.18 3.11 NIL 3.82 2.17 0.99 2.78 2.44 0.95 NA 0.92 0.81 1.89 2.61 NA 1.86 5.66 NA 1.13 0.44 0.72 2.09 0.24 0.98 -1 10 17 14 4 18 2 24 21 9 8 5 15 3 13 16 27 23 19 26 25 -2004 22 6 12 20 11 7 -2 14 16 12 10 19 1 24 21 6 5 8 11 4 7 17 27 22 15 26 25 --16 23 22 9 24 18 --13 1 -20 21 11 6 Rank 2005 23 13 3 20 18 9 -3 8 17 5 7 19 2006 12 10 2 14 15 4 -2 13 12 12 8 20 1 24 22 9 23 6 14 3 17 17 27 23 1 26 24 -21 10 4 19 16 7 RANK

No

BANKS

13

VIII: Table showing branches and ATM of Scheduled Private Sector banks as an end of March 2006
Branches No 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 Name of the bank Bank of Rajasthan Ltd. Bharat Overseas Bank Ltd. Catholic Syrian Bank Ltd. City Union Bank Ltd. Dhanalakshmi Bank Ltd. Federal Bank Ltd. ING Vysya Bank Jammu and Kashmir Bank Ltd. Karnataka Bank Ltd. Karur Vysya Bank Ltd. Lakshmi Vilas Bank Ltd. Lord Krishna Bank Ltd. Nainital Bank Ltd. Ratnakar Bank Ltd. Sangli Bank Ltd. SBI Comm. & Int. Bank Ltd., South Indian Bank Ltd. Tamilnad Mercantile Bank Ltd. United Western Bank Ltd. Centurion Bank of Punjab Ltd. Development Credit Bank Ltd. HDFC Bank Ltd. ICICI Bank Ltd. IndusInd Bank Ltd. Kotak Mahindra Ltd. UTI Bank Ltd. Yes Bank Ltd. Total Rural 97 8 36 30 23 33 79 204 93 28 36 12 18 23 47 66 49 47 2 3 10 75 2 5 1026 Semi Urban 77 6 162 37 77 258 75 67 82 74 79 43 17 23 49 199 50 58 52 10 74 99 16 15 56 1755 Urban 108 46 78 46 50 101 116 107 117 86 69 28 23 16 44 91 49 53 86 12 168 171 74 17 145 1 1902 Metrop olitan 101 43 36 28 28 74 99 57 108 55 39 29 21 15 46 2 68 26 70 97 43 263 212 45 46 143 8 1802 Total 383 103 312 141 178 466 369 435 400 243 223 112 79 77 186 2 424 174 228 237 68 515 557 137 78 349 9 6485 on site 54 32 52 33 50 153 89 113 56 133 16 42 0 8 0 2 75 15 72 241 59 658 703 131 456 63 3 3309 ATMs off site 7 0 19 0 11 167 25 60 19 47 0 2 0 1 0 0 70 19 3 153 43 665 1,506 83 1,435 14 1 4350

Total 61 32 71 33 61 320 114 173 75 180 16 44 0 9 0 2 145 34 75 394 102 1,323 2,209 214 1,891 77 4 7659

14