A STUDY ON COMPARATIVE AND COMMON SIZE STATEMENT, TREND ANALYSIS IN IDBI BANK AT MADURAI, TAMIL NADU
A SUMMER PROJECT REPORT Submitted to the SCHOOL OF MANAGEMENT
In partial fulfilment of the requirements For the award of the Degree Of
MASTER OF BUSINESS ADMINISTRATION
Under The guidance of
MS. R. POONGUZHALI
[Asst. Prof. SRM School of management]
SRM SCHOOL OF MANAGEMENT SRM UNIVERSITY
KATTANKULATHUR CAMPUS 2010-2011 CERTIFICATE 1
This is to certify that this report entitled “A STUDY ON COMPARATIVE AND COMMON SIZE STATEMENT , TREND ANALYSIS” IDBI BANK, is a bonafide work done and submitted by SHAHEEN SIKKANDAR Registration # 3510910722, in partial fulfilment of the requirement for summer training for MASTER OF BUSINESS ADMINISTRATION, SRM UNIVERSITY, 2010-2011. Kattankulathur during the academic year
Submitted to the SRM UNIVERSITY for the examination held on _____________
Signature of the supervisor Of the HOD
I, SHAHEEN SIKKANDAR , hereby declare that this Summer Training Report entitled ““A STUDY ON COMPARATIVE AND COMMON SIZE STATEMENT , TREND ANALYSIS” IN IDBI BANK, at Madurai, Tamil Nadu” is to meet partial fulfilment requirements of awarding a “Master of Business Administration” degree, and resulted from original training undergone by me during the period of June-July 2010, under supervision and guidance of PROF. R. POONGUZHALI Professor, Department of Management Studies, SRM University, Kattankulathur Campus; and it has not formed basis for award of any Degree/Fellowship or other similar title to any candidate of any University.
PLACE: Kattankulathur DATE:
Signature of the Student
Dr. “A STUDY ON COMPARATIVE AND COMMON SIZE STATEMENT . Madurai. General Manager of IDBI BANK. in spite his very busy work schedule. to complete this project successfully at various stages of my summer training. and Tamil Nadu for having permitted me to carry out this training at their esteemed organization I am very grateful and thankful to MR. Asst. Bank Officer . I sincerely thank Mr. I would like to mention my whole hearted and sincere thanks to Prof. who had provided me great support and assistance with immense detailed information about this company. JAYSHREE SURESH Dean. I thank all my friends and well wishers for their encouragement in completing this summer training assignment Above all. who gave her kind permission. TREND ANALYSIS” IN IDBI BANK .SURENDRAN .R. Tamil Nadu.
I express my thanks to all other faculty members of MBA department. S. place: Kattankulathur Date: Signature of the Student
. No words can express my depth of gratitude to my beloved Parents and siblings for generating an inspiration during my summer training.VELU who helped me at times by sparing valuable time and offered inspiring guidance constantly. encouragement and support to do this summer training. B. PITCHIAH. School of Management. R.ACKNOWLEDGMENT
I express my deep sense of gratitude to Dr. for their kind cooperation and suggestions. I thank God for the innumerable and unaccountable blessings he has showered upon me throughout this endeavor. Madurai.
TREND ANALYSIS IN IDBI BANK
.A STUDY ON COMPARITIVE AND COMMON SIZE STATEMENT.
8 Chapter.3 2.2 2.5 1.6 1.7 INTRODUCTION:A BRIEF HISTORY BANKING IN INDIA 3 NATIONALIZATION OF BANKS CHALLENGES AHEAD OBJECTIVES OF THE STUDY SCOPE OF STUDY LIMITATIONS OF THE STUDY 2 2 3 4 6 6 6
Page No.5 2.4 2.1 1.3
PROFILE OF COMPANY
INTRODUCTION BIRTH OF THE BANK IDBI BANK LIMITED MANAGEMENT TEAM TECHNOLOGY AND TECH INITIATIVES STRATEGIC RETAIL INITIATIVES PRODUCTS OF IDBI BANK LIST OF COMPETITORS 8 9 9 9 10 10 11 12
LITRATURE & REVIEW
.1 2.3 1.
Chapter-1 1.7 2.
2.6 2.4 1.2 1.TABLE OF CONTENTS
ANALYSIS OF DATA INTRODUCTION Comparative balance sheet for the year 20072008 and 2008-2009 Common size statement for the year 2007-2008 and 2008-2009 31 29
5.6 5.2 4.5
RESEARCH METHODOLOGY INTRODUCTION RESEARCH METHODOLOGY 3 RESEARCH DESIGN METHOD OF DATA COLLECTION TOOLS USED FOR ANALYSIS
22 22 22 23 23
Chapter-5 5.1 5.1 4.4
Comparative balance sheet for the year 20082009 and 2009-2010 33
trend analysis for the year 2007-2008 to 20092010: Trend Analysis Of Net Profit
5.Chapter-4 4.9 Charts And Tables
Expected Future Profit For The Year 2011 To 2015.5
Common size statement for the year 2008-2009 and 2009-2010 34 36 38 39
3 FINDINGS SUGGESTIONS CONCLUSION 47 48 48
APPENDIX – 1 BIBLIOGRAPHY 49 APPENDIX – 2 BALANCE SHEET 51
LIST OF TABLES
.2 6.Chapter -6
Comparative balance sheet for the year 2007-2008 and 2008-2009
ANALYSIS OF DATA
5.3 Common size statement for the year 2007-2008 and 2008-2009 5.10 Tables Showing Bank Advances 5.9 Expected Future Profit For The Year 2011 To 2015.5 2009-2010
Page No.4 Comparative balance sheet for the year 2008-2009 and 5.6
Common size statement for the year 2008-2009 and 2009-2010
5.11 9 44 45 42 43
.7 trend analysis for the year 2007-2008 to 2009-2010:
5. 5.8 Trend Analysis Of Net Profit 5.
12 Tables Showing Bank Deposits 5.Tables Showing Bank Balances And Cash Balances 5.13 Tables Showing Bank Borrowings
Tables Showing Investments
LIST OF CHARTS
39 41 42 43 44 45
Page No.Serial No.12 Chart Showing Investments 5.11 Chart Showing Bank Borrowings 5.8 Chart showing Bank Advances 5.10 Chart Showing Bank Deposits 5.
ANALYSIS OF DATA
Expected Future Profit For The Year 2011 To 2015.9 Chart Showing Bank Balances And Cash Balances 5. 5.
CHAPTER 1 INTRODUCTION
1.27 public sector banks (that is with the Government of India
.Bank may be defined as a financial institution which is engaged in the business of keeping money for savings and checking accounts or for exchange or for issuing loans and credit etc. relegating it to commercial banking functions. the Reserve Bank was nationalized and given broader powers. Central banking is the responsibility of the Reserve Bank of India. inheritance plans and provide active support for general transactions and the resolution of asset-related problems. with the advancement of technology its focusing on more comfort of customer providing services such as: online banking
Investment banking Electronic banking Internet banking Pc banking /mobile banking E-banking
• • • •
The importance of banking sector is immense in the progress and prosperity of any State or country.Basic function may include Credit collection. the government nationalized the six next largest in 1980. In 1969 the government nationalized the 14 largest commercial banks. The oldest bank in existence in India is the State Bank of India. A set of services intended for private customers and characterized by a higher quality than the services offered to retail customers. a government-owned bank that traces its origins back to June 1806 and that is the largest commercial bank in the country. it aims to offer advice on investment. The essential function of a bank is to provide services related to the storing of deposits and the extending of credit. After India's independence in 1947. Issuer of banking notes. India has 88 scheduled commercial banks (SCBs) . which in 1935 formally took over these responsibilities from the then Imperial Bank of India. Now a days banking is not in its traditional way . Depositor of money and lending loans. Currently.2 A Brief History Banking in India:
Bank Originated in the last decades of the 18th century. Based on the notion of tailor-made services.
Indira Gandhi.000 ATMs. Thereafter. her move was swift and sudden. 31 private banks (these do not have government stake. With the second dose of nationalization. described the step as a "masterstroke of political sagacity. to have helped the Indian economy withstand the global financial crisis of 2007.
A second dose of nationalization of 6 more commercial banks followed in 1980. the Indian banking industry has become an important tool to facilitate the development of the Indian economy. in the year 1993.
1. It was the only merger between nationalized banks and resulted in the reduction of the number of nationalised banks from 20 to 19. At the same time. Jayaprakash Narayan.2% and 6." Within two weeks of the issue of the ordinance. the nationalised banks grew at a pace of around 4%. and it received the presidential approval on 9 August.3 Nationalization of Banks:
By the 1960s. with the private and foreign banks holding 18. the government merged New Bank of India with IDBI Bank. Chidambaram. and the GOI issued an ordinance and nationalised the 14 largest commercial banks with effect from the midnight of July 19. it has emerged as a large employer. the public sector banks hold over 75 percent of total assets of the banking industry.5% respectively.000 branches and 17. closer to the average growth rate of the Indian economy. the Parliament passed the Banking Companies (Acquisition and Transfer of Undertaking) Bill. 1969. Later on. including Home minister P. they may be publicly listed and traded on stock exchanges) and 38 foreign banks. The stated reason for the nationalization was to give the government more control of credit delivery. They have a combined network of over 53. the GOI controlled around 91% of the banking business of India. a rating agency. until the 1990s.holding a stake)." The paper was received with positive enthusiasm.009
. After this. a national leader of India. and a debate has ensued about the possibility to nationalise the banking industry. The nationalized banks were credited by some. According to a report by ICRA Limited. the-then Prime Minister of India expressed the intention of the GOI in the annual conference of the All India Congress Meeting in a paper entitled "Stray thoughts on Bank Nationalisation. 1969.
market risk and operational risk.1. and technology plays a crucial role in managing these risks. This will require tremendous efforts in the area of technology and for banks to build capabilities to handle much bigger volumes. rising provision for NPAs and falling interest rates.
The deregulated environment brings in its wake risks along with profitable opportunities. In addition to being exposed to credit risk. which will be heightened as controls on the movement of capital are eased. The pressure to undertake extensive computerisation is very real as banks that adopt the latest in technology have an edge over others. analysts and shareholders now closely track their performance. the business of banks would be susceptibleto country risk. with falling spreads. This is particularly important because with dilution in banks’equity. allowing customers access to the bank round the clock. driving banks to acquire and implement world class systems that enable them to provide products and services in large volumes at a competitive cost with better risk management practices. banks are upgrading their credit assessment and risk management skills and
Technology has thus become a strategic and integral part of banking.4 Challenges Ahead:
(i) Improving Profitability:
The most direct result of the above changes is increasing competition and narrowing of spreads and its impact on the profitability of banks. greater attention will need to be paid to reducing transaction costs. In this context. The challenge for banks is how to manage with thinning margins while at the same time working to improve productivity which remains low in relation to global standards. Thus. Customers have become very demanding and banks have to deliver customised products through multiple channels.
(v) Greater Customer Orientation:
In today’s competitive environment. the demand for specialised banking functions. as the ownership of banks gets broadbased. To meet increased competition and manage risks. banks have to be conscious of their responsibilities towards corporate governance. foreign exchange. developing a cadre of specialists and introducing technology driven management information systems. the twin pillars of the banking sector i. enhancing the quality of customer service and marketing a variety of products through diverse channels targeted at specific customer groups.retraining staff.
The far-reaching changes in the banking and financial sector entail a fundamental shift in the set of skills required in banking.
Besides using their strengths and strategic initiatives for creating shareholder value. the importance of institutional and individual shareholders will increase. Following financial liberalisation. using IT as a competitive tool is set to go up. human resources and IT will have to be strengthened.e. will need to be carefully nurtured and built. etc. risk management. banks will need to put in place a code for corporate governance for benefiting all stakeholders of a corporate entity. This includes best practices in the area of corporate governance along with full transparency in
.Special skills in retail banking.. treasury. development banking. In such a scenario.
(vii) International Standards: I0ntroducing internationally followed best practices and observing universally acceptable standards and codes is necessary for strengthening the domestic financial architecture. banks will have to strive to attract and retain customers by introducing innovative products.
focusing on the observance of standards will help smooth integration with world financial markets.e.
1.disclosures. The study is endeared with the management of assets and liabilities. To evaluate the bank performance during the study.6 SCOPE OF THE STUDY
The study is conducted mainly to review the financial position of the bank. In today’s globalised world.) 3 year 2007-2008 to 20092010 The figures taken have only the approximate values. The study is based on result of limited period (i.
1. The study will enable the bank and it helps in achieving the profits that have been planned.
1. The study is done for the limited period.
.5 OBJECTIVES OF THE STUDY
To analyses of the financial position of the bank during the study.e.) Secondary data. The validity and reliability depends upon the information found in these records. To evaluate the liquidity and profitability position of the bank.7 LIMITATIONS OF THE STUDY
• • • • The study is mainly based on the published annual reports (i.
CHAPTER 2 IDBI BANK PROFILE
CHAPTER 2 IDBI BANK PROFILE
the provisions of and directives issued under the Companies
This chapter deals with the study of Bank profile.3 IDBI Bank Limited:
These financial statements have been prepared in accordance with approved accounting standards as applicable in India. 1994.2. Approved accounting standards comprise of such International Financial Reporting Standards issued by the International Accounting Standards Board as are notified under the Companies Ordinance.1. 2. our staff excels and creates value for shareholders”
2. In case the requirements of provisions and directives issued under the Companies Ordinance. 1984 and Banking Companies Ordinance.2 BIRTH OF THE BANK: The birth of IDBI bank took place after RBI issued guidelines for entry of new private sector banks in January 93. Thereafter the bank was incorporated at Gwalior under Companies Act on 15th of September 1994 (Registration No. Growth and future development of Bank and their product and services. provisions of and directives issued under the Companies Ordinance. 10-08624 of 1994) with its registered office at Indore. 1962 ).
Vision: “Enabling people to advance with confidence and success” Mission: “To make our customer prosper. 1962 and the directives issued by SBP differ. The Reserve Bank of India conveyed it's in principle approval to establish idbi bank on February 11th. 1984 and Banking Companies Ordinance. 1984. Subsequently. IDBI as promoters sought permission to establish a commercial bank and retained KPMG a management consultant of international repute to prepare the groundwork for establishing a commercial bank.
4 Management Team . the e-age banking solution from Infosys to consolidate its position. Achievement of these significant milestones is consistent with idbi bank's continued focus to create customer and shareholder value through deployment of superior technology. 1962 and the directives issued by SBP shall prevail. Also.
2. It is totally a customer-focused organization. 1984 and Banking Companies Ordinance. meet challenges and quickly seize new business opportunities.5 TECHNOLOGY AND TECH INITIATIVES:
Keeping in line with its policy of leveraging technology to drive its business. Idbi bank deployed Finacle.Ordinance.The Core Strength of The Bank:
Since August 2000 idbi bank has witnessed a transformation in the top management structure with top talent from foreign banks and private banks coming together to create a world-class management team. convenient access channels and efficient service to our retail and corporate customers.
2. Finacle will provide the critical technology platform to propel the bank's new thrust and direction.6 STRATEGIC RETAIL INITIATIVES:
idbi bank in the previous calendar year initiated its formal foray into retail banking. Investments in technology is part of the plan to put in place building blocks for creating the right organisational infrastructure which will help idbi bank in consistently delivering superior products. Existing talented people within the bank were re-aligned to a functionally driven product & sales organizational structure. to align employee interests with shareholder interest’s founder Stock Options (ESOPs) in October 2000 covering 75 % of the existing employees of idbi bank were distributed. Entire Finacle rollout was remarkable considering the fact that it was implemented across all branches in a record time frame of 5 months.
2. idbi bank's depository services product E-Sec is a major success story and the bank today is in the
are Credit Cards. The new products. loans against shares.top three league in India in this segment. both organisation products through each other’s distribution channels. on very competitive terms. Now you can buy coveted savings Products like the National Savings Certificates (NSC) and Kisan Vikas Patra (KVP) on Internet. A spate of retail products were introduced such as home finance. car loans. It recently had a tie up with Birla group in the name of Birla Sun Life Insurance. educational loans. Sweep in account. SMS mobile banking etc.7 PRODUCTS OF IDBI BANK:
Products and Services of the IDBI Bank:
o o o o o o
Saving Account Current Account Pension Account Sabka Account Sample AOF Super Shakti Account for Woman Home Loans
. idbi bank is continuously looking for ways to leverage its technical strengths and bring to the retail customer convenience products at reasonable cost.
2. The bank announced a landmark strategic alliance to make available widely. The bank has recently announced its strategic alliance with TATA AIG General Insurance Company for selling General Insurance Products through select branches & ATMs of idbi bank. which are going to be announced shortly. Debit Cards etc. It has started converting its ATM card into ATM cum Debit card.
o o o o o •
Loan against Property Education Loan Personal Loan Holiday Travel Loan Reverse Mortgage Loan Tax Payments Stamp Duty Payments Easy Fill Card to Card Money transfer Demat Account IPO Family Care Wealth insurance Gold Debit Card International Debit cum ATM Card World Currency Card
o o o o
o o o
24 hour banking
o o o o
Phone banking SMS banking Account Alerts Internet banking
Institutional banking Other Products
Lockers India Post
2.8 List of Competitors:
• • • • • • • • • • SBI PNB Bank of Baroda Bank of India Canara Bank Union Bank Indian Bank ICICI Bank Oriental Bank Corporation Ban
The tenth largest development bank in the world has promoted world-class institutions in India. A few of such institutions built by IDBI are The National Stock Exchange (NSE), The National Securities Depository Services Ltd. (NSDL), Stock Holding Corporation of India SHCIL) etc. IDBI is a strategic investor in a plethora of institutions, which have revolutionized the Indian Financial Markets. IDBI promoted idbi bank to mark the formal foray of the IDBI group into commercial banking. This initiative has blossomed into a major success story. idbi bank, which began with an equity capital base of Rs.1000 million (Rs.800 million contributed by IDBI and Rs.200 million by SIDBI), commenced its first branch at Indore in November 1995. Thereafter in less than seven years the bank has attained a front ranking position in the Indian Banking Industry.
CHAPTER 3 LITEATURE AND REVIEW
1. Performance highlights of your Bank for the period under revie are presented in Table 1.428 crore of advances.402 crore.401 crore o deposits and Rs.2. registering a growth of 31.72.LITRATURE & REVIEW
3.829 crore at end-March 2009.9% during the financia year. benefited your Ban immensely. Total assets reached Rs 1.15.03.
3.1 DIRECTORS REPORT:
The Board of Directors of your Bank has the pleasure of presenting it Report on the business and operations of your Bank for the financia year ended 31st March 2009.12. Strategic initiatives implemented during the year. Your Bank attained new heights with total business o Rs.2 Profit and Appropriations
. comprising Rs. 1. reflecting improved performance in various key busines areas.
3. The Proposed Directors have the pleasure of recommending dividend at 25% on the fully paid-up equity capital for the financial year 2008-09.4 Business Strategy
Your Bank has adopted a stratargy of developing a larger client base in the mid.
. consisting Rs.11.11. SME and retail sectors.389.81%.8 crore of interest expenses and Rs. during the year.9 crore.9 and Book Value Per Share stood at Rs.337.373. your Banks CAR as at end-March 2009 worked out to 11.305.1 crore towards tax.7 crore. stood at Rs. Whereas Market Risk complies with Duration Method of Standardized Approach and the Operational Risk conforms to Basic Indicator Approach.643.corporate.631.127.During the financial year April 2008-March 2009.1 0.11.51 9.19 crore towards incremental prudential provisions for standard assets.
3.102.1 crore towards taxation. Profit After Tax (PAT) amounted to Rs. contributed by interest income of Rs.10. Earning Per Share (EPS) during the year stood at Rs. and Rs.1. Rs. The Credit Risk follows the Standardized Approach.021.985. Your Banks working during the year resulted in a Profit Before Tax (PBT)of Rs.6 crore.9 crore of operational expenses.57%.3 Capital Adequacy
Capital Adequacy Ratio (CAR) of your Bank is computed in adherence to norms prescribed by RBI in order to become Basel-ll compliant.3 as at end-March 2009.6 crore.127. total provisions during the period amounted to Rs.13.7 crore and other income of Rs.5 crore. The Tier-I CAR also was at a comfortable level of 6.3 crore towards bad & doubtful debts and investments. while nurturing the deep relationships that already exist in the large corporate sector. excluding provisions and contingencies. Appropriation of PAT as approved by the Board of Directors is given in For each share with face value of Rs. Tota expenditure of your Bank.4 crore. Considering a provision of Rs.1. gross income of you Bank amounted to Rs. Against the stipulated RBI norm of 9%. With the provision of Rs.858.
restaurant. Your Bank also floated a loan scheme in the SME domain for Professional and Self Employed engaged in the business covered under service sector. During the financial year 2008-09. The Bank has obtained mandate for collecting sales tax in Maharashtra. health and education. such as travel. With regard to tax collection your Bank is one among the top banks in the country. The product includes payments for the purchase of goods and services from mobile phone and fund transfers subject to prescribed limits.The strategy aims to develop a more retail base in both assets and liabilities leading to a more diversified balance sheet as well as improvement and sustainability in the Net Interest Income. In order to reap the benefits of the opportunities arising out of the mobile technology revolution your Bank has launched Mobile Payment Solutions.
. the Bank has opened a Currency Chest at Chennai taking the total number to four.5 New Business Initiatives:
In line with gaining popularity of mobile phones and improvement in their security features.
3. which is a secure and convenient payment option by use of mobile phones. Your Bank launched IDBI Sulabh Vyapar Loan that aims to provide hassle free finance to Small Business Enterprises including Small Retail Traders. Your Bank has also adopted aggressive strategics for gaining higher market share in transaction banking activities for boosting non-fund based income. yielding higher fee-based income. etc. the banking regulator allowed mobile based transaction. Your Bank has successfully implemented the Agriculture Debt Waiver and Debt Relief Scheme (ADWDRS)-2008 announced by Central Government. The scope of the product was further enlarged to cover wider customer segment. The strategy also focuses on leveraging the Banks experience in project/infrastructure financing to become a larger player in investment banking. The fifth Currency Chest at Panchkula is expected to become operational by the end of first quarter of current fiscal. The customer-centric business model adopted by your bank would increasingly play a supportive role towards effective implementation of business strategies. The Bank has also obtained In-Principle approval from the RBI for establishment of Currency Chests at Hyderabad Ahmedabad and Pune . An individual or a firm (partnership or proprietorship) engaged primarily in buying and selling mercantile goods is eligible for this mode of finance. tourism. hotels.
During the period under review your Bank increased its branch network to 509 comprising 179 metropolitan branches. 175 urban branches. The Bank. based on the market linked bid and offer rates.
3. your Bank organized Crahak Sahayata Abhiyan (CSA) at selected cities. Redeployment of work force was carried out on the basis of skill set mapping and reorientation in the business model. the Companies Act.6 Organisational Structure:
Your Bank has effectively realigned its policy and procedure in order to derive optimum benefits from its customer-focused vertical model implemented during the previous financial year. reflecting priorities with regard to remunerative lines of business. during the course of the year. The Board functions through itself as well as various Board Committees constituted to provide focussed governance in important functional areas of the Bank. The project has made significant contribution and has imparted lot of dynamism in the operating domain.7 Board of Directors:
Banks Board of Directors is broad based and constitution thereof is governed by the provisions of the Banking Regulation Act. As on March 31. It also forms a scientific basis for evaluating the performance of products/ verticals. In this direction.conferencing. During the year. has implemented a series of measures to ensure improved customer satisfaction and cultivated the motto of Customer first. the Bank has organized Customer Grievance Redressal Wleek during November 17-22.
3. 2009. the Board comprised of 11 Directors
.In order to improve our performance in strategic lines a Performance Acceleration Programme (PAP) Project Lakshya was implemented focusing renewed thrust on boosting current account and fee-based income. 100 semi urban branches and 55 rural branches.2008 in all its branches. 1956. The project was executed through boot camps in different centers and periodic reviews through tele. The new FTP system enables rational and transparent pricing decisions. In order to further strengthen our relationship with customer. the Articles of Association of the Bank and satisfies the requirements of corporate governance as envisaged in the Listing Agreement with the Stock Exchanges. 1949. your Bank also implemented a new Fund Transfer Pricing (FTP). The unresolved issues were addressed at Customer Care Centre (CCC) for appropriate action.
3. Customer Service Committee and Information Technology Committee. Zutshi. Shri Yogesh Agarwal. The details of corporate governance practices followed in your Bank are given in this Annual Report as a separate section under Management Discussion and Analysis.9 Corporate Governance:
Your Bank is committed to adopting the best practices in the area of corporate governance. Managing Directors as Wholetime Directors. Shri K. Narasimha Murthy. Shri H.
3.24 lakh per annum. Frauds Monitoring Committee. Smt. Executive Committee. but also a facilitator for enhancement of shareholders value. Shri A. Sakthivel and Shri Subhash Tuli as Independent Directors constitute the Board.with 3 Executive Directors (including Chairman). Central Government officials as Non Executive Directors. Audit Committee.
3.2 lakh per month for the period they were in the service of the Bank. who were in the service of the Bank for part of the year. The provisions of Section 217(1 )(e) of the Act relating to conversion of energy and technology absorption do not apply to your Bank. Lila Firoz Poonawalla. namely.Disclosure regarding Remuneration of Employees under Section 217(2A) of the Companies Act. Chairman & Managing Director as Executive Chairman. Bundellu and Shri Jitender Balakrishnan. Further. Shri Analjit Singh. L. no personnel. Dy. Risk Management Committee. No Director on the Board of your Bank is in any way related to any other Director on the Board of the Bank. Shri O.10 Directors Responsibility Statement :
.8 Apex Committees:
The Board has in total seven committees. V. Shareholders/ Investors Grievance Committee. Shri Arun Ramanathan and Shri Ajay Shankar. 1956 There were no personnel in the services of the Bank for the whole year who were in receipt of remuneration of over Rs. received remuneration in excess of Rs. Your Bank believes that proper corporate governance is not just a requirement for regulatory compliance. 2 Non Executive Directors and 6 Independent Directors.
. ii.11 A Study On Various Services Offered By IDBI Bank:
i. iii. One Cheque book of 50 leaves free of cost per quarter to be issued (inclusive of item no.The Board of Directors hereby declares and confirms that: (i) in the preparation of accounts. the applicable accounting standards had been followed along with proper explanation relating to material departure. (ii) the Directors had adapted such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of your Bank at the end of the accounting year and of the profit or loss of your Bank for that period.per month at any of our branches having connectivity under CBS. out of pocket expenses shall be recovered) viii. 10000/-(however. Free e-mails for statement of account on monthly basis Same day Credit for outstation cheques drawn on other branches of our Bank under CBS Connectivity vii. in accordance with the regulatory provisions. Free ATM Card. Free Debit Card Free remittance of funds upto an extant of Rs. iv. xii) v. Immediate credit of outstation cheques upto 15. (iv) the Directors had prepared the accounts on a going concern basis
3. (iii) the Directors had taken proper and sufficient care for the maintenance of adequate accounting records. for safeguarding the assets of your Bank and for preventing and detecting fraud and other irregularities. vi. Free collection of one outstation cheque (issued in favour of customer) per quarter upto Rs.
xi. Free Special Cheque Book (under relevant MICR Code) shall also be issued to customers enabling them to make payment by cheque to outstation parties at CBS centers.e.
25% concession on Annual Custody Charges for Demat Services 25% concession on service charges for providing EFT Services. x.
If possible. T + 3 Days' Credit for outstation cheques drawn on other bank branches at locations where we have at least one IDBI BANK branch under CBS connectivity.
. Transaction i.
research design.3 RESEARCH DESIGN
. INTRODUCTION: This chapter deals with the research methodology.
4. and method of data collection and what are the tools used for this analysis.2 RESEARCH METHODOLOGY
Research methodology in common language is the science of collecting..1.
4. identifying and presenting facts in such a way that it leads to unearthing some truths are angles of reality.
Secondary data – The secondary data are those which have already been collected by someone else and which have already been passed through the statistical process.The primary data are those which are collected afresh and for the first time. with addition information gathered from the finance department. The main sources are the bank’s 3 years annual reports and schedules.7.7. Primary data . The researcher had to use fact and information already available through working statements of earlier years and analyze these to make critical evaluation of the available material.
4.2 SOURCES OF DATA
The research is primarily based on secondary data. Hence. 2.Descriptive research is used in the study because it will ensure the minimization of bias and maximization of reliability of data collected. by making the type of the research conducted to be both descriptive and analytical in nature.
4.7 METHOD OF DATA COLLECTION 4. From the study. the types of data to be collected and the procedure to be used for this purpose were decided.1 TYPES OF DATA
There are two types of data 1. and thus happens to be original in character.
Such statements not only show the absolute figures of various years but also provide for columns to indicate to increase or decrease in these figures from one year to another.8. these statements may also show the change from one year to another on percentage form.1 COMPARATIVE FINANCIAL STATEMENTS
When financial statements figures for two or more years are placed side-side to facilitate comparison. these are called ‘comparative Financial Statements’. Financial statements and
Published auditors reports
4.8 TOOLS USED FOR ANALYSIS
The present study has used the following accounting and statistical tools to analyze the o Comparative statement o Common Size Statement o Trend analysis
1. In addition. Such cooperative statements are of great value in forming the opinion regarding the progress of the enterprise. COMPARATIVE BALANCE SHEET
To make the Data simpler and more understandable 2.8. the third column is used to show increase in figures. PURPOSE OR UTILITY OR IMPORTANCE OF COMPARATIVE STATEMENTS
1. Helpful in knowing trends. The changes can be observed by the comparison of the balance sheet in the beginning and at the end of the period. Such a comparative Balance Sheet is very useful in studying the trends in a business enterprise. ADVANTAGES OF COMPARATIVE BALANCE SHEET
1. liabilities and capital. To indicate the strong points weak points of the concern 4. 2. To help in forecasting
3.2 COMMON SIZE STATEMENT
. 3.The Comparative Balance Sheet as on two or more different dates can be prepared to show the increase or decrease in various assets. 4. Two columns of the comparative balance sheet are for the data of original balance sheet . and a fourth column may be added for giving percentages of increase or decrease.
2. To indicate the Trend 3. Helpful in knowing changing in the size of items. Helpful for comparison. Comparative balance sheet analysis is the study of the trend of the same items Group of items and computed items in two or more balance sheet of the same business enterprise on different dates. Link between income statement and Balance sheet
4. The change in periodic balance sheet items reflect the conduct of a business.
The percentage so calculated can be easily compared with the corresponding in other periods and meaningful conclusions can be drawn. For example. For example. Financial statements for two companies under these circumstances are not wholly comparable. When the financial policies of two companies differ. A common size statement analysis indicates the relation of each component to the whole. these differences should be recognized in the evaluation of comparative reports. the total of assets and liabilities is taken as the base and all other figures are expressed as percentage of this total. one company leases its properties while the other purchases such items. When performing a ratio analysis of financial statements. classification procedures.Common Size Statement is one of the tools used in connection with analysis and interpretation of financial statements. because differences in size are neutralized by reducing all figures to common-size ratios. When comparing your company with industry figures. each item is expressed as a percentage of sales. on a balance sheet. Industry statistics are frequently published in common-size form. make sure that the financial data for each company reflect comparable price levels. each figure is shown as a percentage of total assets. Such comparisons should be limited to companies engaged in similar business activities.
FEATURES OF COMMON SIZE STATEMENT
1. and on an income statement. and that it was developed using comparable accounting methods. one company finances its operations using long-term borrowing while the other relies primarily on funds supplied by stockholders and by earnings. This statement indicates relationship of various with some common item (expressed as percentage of the common items) In the balance sheet. This technique is quite useful when you are comparing your business to other businesses or to averages from an entire industry. it is often helpful to adjust the figures to common-size numbers. change each line item on a statement to a percentage of the total. To do this. and valuation bases.
4. Adjustments should be made for such differences. Absolute figures from the financial statement are difficult to compare but when converted and expressed as percentage of net sales in case of income statement and in case of Balance Sheet as percentage of total net assets or total funds employed it becomes more meaningful to relate. Different accounting policies may be used by different firms or within the same firm at different points in time. Different firms may use different accounting calendars. 2. 4. For example: 1.trend analysis overcome this limitation . It is used for vertical financial analysis and comparison of two business enterprises or two years financial data. absence of a basic standard to indicate whether the proportion of an item is normal or abnormal . so the accounting periods may not be directly comparable. i. the interpretation of common size statements is subject to many of the limitations in the accounting data used to construct them.3 TREND STATEMENT
The comparative and the common size statements suffer from a major limitation.
Limitations of common size statement:
As with financial statements in general.e. Trend analysis calculates the percentage change for one account over a period of time of two years or more. this method is also important and useful technique of analyzing financial statement analysis. A common size analysis is a type of ratio analysis where in case of income statement sales is the denominator (base) and in case of Balance Sheet funds employed or total net assets is the denominator (base) and all items are expressed as a relation to it. 3.2. In case of a Common Size Income statement analysis Net Sales is taken as 100% and in case of Common Size Balance Sheet analysis total funds available/total capital employed is considered as 100%.
upward or downwards.To calculate the percentage change between two periods: Calculate the amount of the increase/ (decrease) for the period by subtracting the earlier year from the later year. 6) A trend analysis helps in analysing the financial performance over a period of time. 4) If the percentages in the following years is above 100% it indicates an increase over the base year and if the percentages are below 100% it indicates a decrease over the base year. 9) For trend analysis at least three years financial data is essential.
FEATURES OF TREND ANALYSIS
1) In case of a trend analysis all the given years are arranged in an ascending order. 8) A trend analysis facilitates effective comparative study of the financial performance over a period of time.
. 2) The first year is termed as the “Base year” and all figures of the base year are taken as 100%. 5) A trend analysis gives a better picture of the overall performance of the business. 7) A trend analysis indicates in which direction a business is moving i. 3) Item in the subsequent years are compared with that of the base year. If the difference is negative. it is an increase.e. the change is a decrease and if the difference is positive. Broader the base the more reliable is the data and analysis.
61 -42.03 40.52 1979.97 31. Comparative statement.56 9423.03 5804.96 724.13 2022.98 112401.1 INTRODUCTION:
This chapter contains analysis and interpretation of the financial years 2008-2010.38 172402.48 41707.49 45207. common size statement.002759534 644.91
72997.51 -2.89 6160.04 111610.53 156818.52 -4101.39 10.50 -39.86 0.78 6719.10 601.01 38612.02 0.INTERTPRETATION ANALYSIS AND INTERPRETATION: 5.1:Comparative balance sheet for the year 2007-2008 and 2008-2009
Increase Particulars 2008 2009 or Decrease (amt) Increase or Decrease (%)
LIABILITIES Sourse of fund Equity Share capital Reserves Revaluation Reserve Net Worth Deposits Borrowings Total Debts Other liabilities Total Liablities 724.98 15.05 10261.82 39403.41
130694. and trend analysis are the tools used for analysing the balance sheet.32
.76 6075.07 8821.55 44417.94 53.
Table 5.9 6.
76 1173.67 -20.59 2721.56 4882.99 564.17 3873.94
Table 5.8 4154.5
1895.53 -3.65 17244.81 52.32 27.76 728.34 32802.95 1127.19 25.13 17.69 103428.35 25.81 -46.55 31.94 41707.96
32.56 21215.93 50047.82 2628.55
130694.4 2746.ASSETS Application of funds Cash & bank balance with RBI Cash balance with other banks Advances Investment Gross Block (less) accumulated Depreciation Net Block Capital Work in progress Fixed asset and other assets total Assets
6694.1 source: Field survey
.83 2063.57 -0.94 0.38 172402.
0.15 5.41 172402.05 6160.47 65.25 0.47 65.65 1.13 2022.Table 5.96 72997.89 130694.90 1.94 82212.25 0.90 1.01 44417.56
4.52 1979.99 29.20 25.52 59.78 6719.98 38612.59 0
8590.03 2.15 5.59 2721.5 103428.76 90.20 25.4 2746.17 44.69 32802.65 1.04 156818.57 100
0.95 1127.96 3.56 9423.83 2063.03 2.53 10261.07 8821.98 1.57 100
6694.86 112401.93 3894.76 90.76 6075.6 3873.55 -77.98 1.96 3.82 2628.42 3.76 1173.2:Common size statement for the year 2007-2008 and 2008-2009
Particulars LIABILITIES Sourse of fund Equity Share capital Reserves Revaluation Reserve Net Worth Deposits Borrowings Total Debts Other liablities Total Liablities ASSETS Application of funds Cash & bank balance with RBI Cash balance with other banks Advances Investment Gross Block (less) accumulated Depreciation Net Block Work in progress
724.34 50047.55 111610.52 59.99 29.
. which is about 53.02 130694.96 172402.83 100
4882.Fixed asset and other assets total Assets
2.67 crores that is about 52.83 100
Table 5.2 source: Field survey
The comparative balance sheet of the company reveals that during 2009 there has been on increase in final assets and liabilities of Rs. 17244.91 % The investment of the bank has been increased by .03 crores.94 crores i..57% bank deposits has been increased to 39403.
01 40.82 2628.86 9439.46
ASSETS Application of funds Cash & bank balance with RBI Cash balance with other banks
8590.78 6719.08 2720.47 679.84 -74.41 37.98
0.34 30.36 138201.0 1
49.56 740.49 -100.05 6160.46 -1979.86
Deposits Borrowings Total Debts Other liablities
35.44 58558.5 6 8030.86
55266.48 215376.01 44417.34 50047.Table 5.98 0 10164.14
724.0 8 47709.07 3292.51 23297.5
103428.3:Comparative balance sheet for the year 2008-2009 and 2009-2010
Particulars LIABILITIES Sourse of fund Equity Share capital Reserves Revaluation Reserve Net Worth
Increase or Decrease (amt)
Increase or Decrease (%)
61169.52 1979.84 167667.8 5 73345.65 -1949.56 9423.62 46.36
172402.17 7.62 233572.
96 0 4444.56 8030.42 3.04 0.4Common size statement for the year 2008-2009 and 2009-2010
Particulars LIABILITIES Sourse of fund Equity Share capital Reserves Revaluation Reserve Net Worth Deposits Borrowings Total Debts Other liablities Total Liablities
172402.96 0 2996.00 9.62 233572.56 4882.56 9423.15 5.68
35.78 6719.04 156818.95 1127.86 112401.31 4.90 1.00 4.01 44417.47 65.3 source: Field survey
Table 5.84 167667.41
-22.64 -100.4 250.52 1979.21 3.76 90.00
724.43 92.98 0 10164.35 71.4 2746.20 25.44 100.08 47709.41 172402.05
Table 5.05 6160.48 215376.12
-438.96 3.91 233572.32
-876.99 -1127.78 20.Gross Block (less) accumulated Depreciation Net Block Capital work in progress Fixed asset and other assets
95 1127.25 0.82 2628.96 0 2996.46 2996.52 59.29 59.03 2.34 50047.07 cr which is around 50% during the year 2009-2010 when compared to the previous year
Trend analysis :
The following table shows the trend analysis for the year 2007-2008 to 2009-2010:
.90 100.65 1.95 0.91 233572.17 31.59
13903.96 172402.47 679.65cr in the year 2009.83 100
5.2010 which is about 61.00
Table 5.98 1.40 1.28
2.4 source: Field survey
The cash and bank balances of the bank has been increased by 5312.5 103428.28 0.ASSETS Application of funds Cash & bank balance with RBI Cash balance with other banks Advances Investment Gross Block (less) accumulated Depreciation Net Block Work in progress Fixed asset and other assets total Assets
8590.36 138201.56 4882.00 1.55 -77.84%
The deposits of the bank increases has been by 55266.4 2746.85 73345.32
4.6 3873.96 0 4444.99 29.
00 131.59 2721.97 32802.00 97.37
.82 2628.00 106.00 110.69 100.58 100.90
72997.03 100.32 296632.05 268592.00 127.89 111610.32 273.21 100.6 77724.4 2746.56
315.00 100.47 100.17 100.5
18327.89 6160.3 15915.56 38612.61 261.92
100.47 100.55 77.82 200.97
ASSETS Application of funds Cash & bank balance with RBI Cash balance with other banks Advances Investment Gross Block (less) accumulated Depreciation Net Block
6694.50 100.37 100.50 240.96
724.8 3873.53 156818.00 43.95 1127.00 153.98 100.35 249.99 100.00 96.04 19262.00 128.00
99.00 125.57 236.38 172402.00 152.99 17722.00 115.94
82212.03 49.83 2063.07 8821.52 1979.93 92.69 103428.(Amt in cores)
Particulars LIABILITIES Sourse of fund Equity Share capital Reserves Revaluation Reserve Net Worth Deposits Borrowings Total Debts Other liablities Total Liablities
724.94 3894.76 1173.76 6075.56 9423.98 112401.79 100.01 249329.91 226.65 10261.81 226.41 10317.00 100.00 2513.78 100.54
130694.34 186601.13 2022.90 73.76 5145.17 44.74 100.55 44417.21 100.78 6719.23
1701.63 1491.93 50047.06 145.00 140.47 108.98 341.00 60.8 100.
Table 5.32 296632. •
The deposits of the bank has been consistently increasing over the years.5 source: Field survey
• The above table shows the trend analysis of the following years 2007-2008 :20082009 : 2009-2010.02
4882.Fixed asset and other assets Total Assets
TREND ANALYSIS OF NET PROFIT
(Amt in cores) YEAR PROFIT( Y) DEVIATION FROM
.79 100.00 131.
The overall financial position of the bank is good.96
130694.07 100.55 152. The borrowings of the bank has decreased in the year 2009-2010 when compared to previous years.00 117.38 172402.
16 5155.46 858.45.31 729.89 630.46
.31 729.38 3434.13 3810.45+116.87(x).65 1 4 9 16 25 55
ACTUAL VALUE (crores) [amt] 560.87
Thus the straight line trend is Y = 411. X unit = 1 year (Amt in cores) YEAR TREND VALUE(crores) [amt] 2006 2007 2008 578. Origin = 2006.62 2188.32 645. we get a = 411.89 630.6 source: Field survey
The equation of the straight line is Y = a + bX Since ∑Y = Na + b∑X ∑XY = a∑X + b∑X²
Substituting the values.2005 (X) 2006 2007 2008 2009 2010 TOATL 560.19 762.33 1 2 3 4 5 560.89 1260.70
Table 5.54 1031. b = 116.
Table 5.8 Showing comparison between actual profit and trend value
.54 1346.54 1031.15 Table 5.2009 2010 2011 2012 2013 2014 2015
The above table shows the expected future profit for the year 2011 to 2015.41 1463.28 1580.7 source: Field survey `
858. By trend analysis.67 1229.93 995.
Future expected profit.8 source: Field survey
• • The above graph shows the trend profit for the years 2006 to 2015.
Charts and tables showing Bank advances of IDBI bank for the year 2008 to 2010
.1800 1600 1400 1200 1000 800 600 400 200 0
20 06 20 08 20 14 20 10 20 12
ACTUAL VALUE TREND VALUE
Table 5. From the above graph we can concluded that the actual profit value and the trend value is more or less equal which states that the bank is performing well..
.000.00 0.9 source: Field survey
Inference • • The above chart shows the bank advances for the following year 2008.00 2008 2009
138.00 100.00 60. It clearly shows that the advance of the bank has been increased each year
Charts and tables showing Bank balances and cash balances of IDBI bank for the year 2008 to 2010 Table 5.212.201.000.00 20.69
Table 5.69 103428.000.Table 5.9
(Amt in cores)
Year 2008 2009 2010
Amount 82212.34 82.000.428.000.000.00 120.000.000. 2009 and 2010.00 80.85
(Amt in cores)
.85 103.00 140.32 138201.
Table 5.000.36 2009
2.82 6.00 10.00 0. 2009 and 2010.10 source: Field survey Inference • • The above chart shows the bank balance and cash balance for the following year 2008.47
2063.000.00 14.83 8590.82 13903.063.00 6.000..00 12.11
(Amt in cores)
Bank Deposits 72997.98
8.000.50 679.590.000. It clearly shows that the banks cash balance is going on increasing while the bank balances with other banks is decreasing over period of time
Charts and tables showing Bank deposits of IDBI bank for the year 2008 to 2010 Table 5.2008 2009 2010
Bank balances and cash balances
16.00 2.694.94 2628.000.000.00 4.628.83 2.00 8.000.903.
00 140.000.000.11 source: Field survey Inference: • • The above chart shows the deposits of bank for various years.00 2008 2009
Charts and tables showing Bank borrowings of IDBI bank for the year 2008 to 2010 Table 5. term deposits and saving deposits .00 160.08
(Amt in cores)
Year 2008 2009
Bank Borrowings 38612.000.55 44417.04
.00 0.000.01 72.00 60. the deposit includes demand deposits .00 80.01 167667.401.997.00 100.000.00 120.000. It is concluded that the saving deposits are more than the other term deposits and demand deposits. Inside and outside the bank .08
47709.000. Borrowings may be inside and outside INDIA.709.48
Table 5. The bank borrowings has been increased by 5804.55 44.44cr in the year 2009 .612.000.000.46cr in the year 2008 – 2009 and it increased by 3292.93 50047.2010 .12 source: Field survey
Inference • • The above chart clearly indicates the borrowings of the bank.13
(Amt in cores)
Year 2008 2009
Bank Borrowings 32802.00 20.04 47.60
.00 0.00 10.00 40.000.417.000.
Charts and tables showing Investments of IDBI bank for the year 2008 to 2010 Table 5.00 2008 2009 Borrowings 2010 38.00 50.000.
00 20.00 70.00 60.000.000. It has been increased from year to year with a high growth rate.40
.00 30.000.00 50.93
73345.00 10.00 2008 2009
73.00 40.13 source: Field survey
Inference • • The above chart shows the investments for the following year 2007-2008 to 20092010.60 32.000.047.802.00 0.000.000.000.40
FINDINGS AND SUGGESTIONS
FINDINGS AND SUGGESTIONS
6. Rs.67 Cr. For year 2011 and Rs. 1346.
• With the help of trend analysis .28 cr for the year 2014 and finally Rs 1580.54 Cr.15Cr for the year 1015
.1 Findings :
• There has been 17.41cr for the year 2013.01%
of increase in net profit for the year 2010 from 2009.1229. Rs.6% of increase in profit for the year 2009 from 2008 and 20.1112.. For the year 2012. we predicted the future profit of the bank are
• The overall bank performance is good for the last 3 financial years.
• The bank has a very good financial management as the actual net profit of the bank is more or less equal to that trend value. • The bank borrowings has been increased by 5804.2010 • The investments and deposits also increased during the period of 2008-2009 and 2009-2010.2 Suggestions:
The bank can introduce some new technologies to satisfy the customer who visit bank for depositing money or withdrawing money form their account.1% in the
respective years 2009 and 2010.
• Cash balances are very high when compared to Bank balances in the bank .• The Deposits of the bank have been increased by 53. Some new deposit schemes and loan schemes can be introduced in order to increase the deposits Some value added services can be introduced in order to satisfy the customers.44cr in the year 2009 .97 % and 49.
6. Some more branches can be opened in order to make it feasible.
.46cr in the year 2008 – 2009 and it increased by 3292.
but it is being done by IDBI Bank. Both in terms of services and profit.
In present scenario IDBI Bank is the largest advance product issuer in India. what a normal bank cannot expect.2. IDBI Bank believe in providing good customer services to their customers which is a key factor for success in future.
By studying the comparative. Published by Vikas
Publishing House Pvt. common size and trend statements we reach the conclusion that the overall bank performance is good for the last 3 financial years. Apart from all the above. Mobile banking and sms banking can be introduced to the maximum.Pandey. (2002). The bank net profit also increased gradually from year to year. M. “Financial Management”.
APPENDIX. It happens due to employee and the customers.Ltd. It will be helpful for the future growth and expansion of the bank.
1. I. New Delhi. Within a very short period of time the achievement made by IDBI Bank is excellent.
published by Sultan Chand and Sons. New Delhi.
JOURNALS: 1.idbi. Dr.N. New Delhi. www. “Accounting for Managers”.Chakrabarty.Maheswari.2.C.
1. “Published annual report of idbi bank”. New Delhi. S. “Principles of Management Accounting”. Jelsy Joseph Kuppapally. K. www. Published by
Prentice-Hall of India Pvt.moneycontrol.com 2.Ltd.com
APPENDIX – 2
937.402.022.62 233.00 6.52 1.00 7.40 172.417.86 112.667.04 156.719.00 0.00 0.997.in Rs.86 0.BALANCE SHEET OF IDBI BANK LTD
Balance Sheet of IDBI BANK
Mar '08 12 mths
------------------.76 724.98 38.76 0.02
.164.56 9.075.694.5 3 10.84 167.72 10.00 6.610.572.56 8.401.55 111.00 0.26 1.31
724.86 724.07 8.709.979.3
724.89 130.05 6.48 215.08 47.502.376. Cr.821.818.13 2.030.96 72.01 44.160.423.78 0.78 724.612. ------------------Mar '09 12 mths Mar '10 12 mths
Capital and Liabilities:
Total Share Capital Equity Share Capital Share Application Money Preference Share Capital Reserves Revaluation Reserves Net Worth Deposits Borrowings Total Debt Other Liabilities & Provisions Total Liabilities 724.261.
83 2.250.873.212.047.811.92 162.85 73.82 8.597.8
Cash & Balances with RBI Balance with Banks.721.063.94 82.45 26.085.35 2.402.894.572.746.93 3.695.91 233.55 77.694.628.46 4.95 1.14 14.47 679.345.33 96.50 103.154.27 1.444.17 44.802.76 1.80 102.56 4.82 2.50
.71 13. Money at Call Advances Investments Gross Block Accumulated Depreciation Net Block Capital Work In Progress Other Assets Total Assets Contingent Liabilities Bills for collection Book Value (Rs) 6.903.59 2.523.694.60 3.834.36 138.04 4.428.96 172.80 4.127.590.3 8 89.34 20.201.40 2.882.173.75 93.01 101.02 130.053.59 113.34 50.226.69 32.