CRITICAL STUDY OF

ZEE ENTERTAINMENT ENTERPRISES CO. Ltd

A project Submitted to
University of Mumbai for partial fulfillment of the degree of
Bachelor in Commerce – Semester VI
Under the Faculty of Commerce (Banking & Insurance)
By
Miss LEKHA SANTOSH BORLE
Roll no.704
Under the Guidance of Miss Sujata Mahajan

SIR SITARAM & LADY SHANTABAI PATKAR COLLEGE OF ARTS SCIENCE

AND
V.P. VARDE COLLEGE OF COMMERCE & ECONOMICS
(AUTONOMOUS COLLEGE)
S.V. ROAD, GOREGAON (WEST), MUMBAI-400062
 CRITICAL STUDY OF
ZEE ENTERTAINMENT ENTERPRISES CO. Ltd
A project Submitted to
University of Mumbai for partial fulfillment of the degree of
Bachelor in Commerce – Semester VI
Under the Faculty of Commerce (Banking & Insurance)
By
Miss LEKHA SANTOSH BORLE
Roll no.704
Under the Guidance of Miss Sujata Mahajan0

SIR SITARAM & LADY SHANTABAI PATKAR COLLEGE OF ARTS SCIENCE

AND
V.P. VARDE COLLEGE OF COMMERCE & ECONOMICS
(AUTONOMOUS COLLEGE)
S.V. ROAD, GOREGAON (WEST), MUMBAI-400062
SIR SITARAM & LADY SHANTABAI PATKAR COLLEGE OF ARTS & SCIENCE
AND
V.P. VARDE COLLEGE OF COMMERCE & ECONOMICS
S.V. ROAD, GOREGAON (WEST), MUMBAI-400062

CERTIFICATE
This is to certify that Kumari Lekha Santosh Borle has worked and duly
completed his/her Project work for the degree of Bachelor in Commerce under
the Faculty of Commerce in the subject of Banking & Insurance and his/her
project is entitled, “CRITICAL ANALYSIS OF ZEE ENTERTAINMENT
ENTERPRISES” under my supervision.
I further certify that the entire work has been done by the learner under my
guidance and that no part of it has been submitted previously for any Degree of
Diploma of any University.
It is his/her own work and facts reported by his/her personal findings and
investigations.

(Name of Mentor)

(Dr. Sharmishtha Matkar)

Principal
(Name of External Examiner)

Date of Submission:
 DECLARATION BY LEARNER

I Kumari Lekha Santosh Borle, here by, declare that the work embodied in
this project work titled “CRITICAL ANALYSIS OF ZEE
ENTERTAINMENT ENTERPRISES” forms my own contribution to
the research work carried out under the guidance of (….) is a result of my own
research work and has not been previously submitted to any other University for
any other Degree/Diploma to this or any other University.

Where ever reference has been made to previous work of others, it has been
clearly indicated as such and included in bibliography.

I, here by further declare that all information of this document has been
obtained and presented in accordance with academic rules and ethical conduct.

(Name and Signature of learner)

Roll No: - 704

(Certified by: Miss Sujata Mahajan)

 ACKNOWLEDGEMENT
To list who have helped me is difficult because they are so numerous and the
depth is so enormous.

I would like to acknowledge the following as being idealistic channels and fresh
dimensions in the completion of this project.

I take this opportunity to thank the University of Mumbai for giving me a

chance to do this project.

I would like to thank my Principal, Dr. Sharmishtha Matkar, for providing

the necessary facilities required for completion of these project.

I would like to express my sincere gratitude towards my project guide, (Name

of Mentor) whose guidance and care made this project successful.

I would like to thank my College Library, for having provided various

reference books and magazines related to my project.

Lastly, I would like to thank each and every person who directly or indirectly
helped me in the completion of the project, especially my Parents and Peers
who supported me throughout my project.

Signature
Lekha Santosh Borle
Roll no: - 704
 CRITICAL ANALYSIS OF IDBI BANK

Introduction

IDBI Bank Ltd. is a Universal Bank with its operations driven by a cutting edge core Banking
IT platform. The Bank offers personalized banking and financial solutions to its clients in the
retail and corporate banking arena through its large network of Branches and ATMs, spread
across length and breadth of India. We have also set up an overseas branch at Dubai and have
plans to open representative offices in various other parts of the Globe, for encashing
emerging global opportunities. As on March 31, 2011, the Bank had a network of 816
Branches and 1372 ATMs. The Bank's total business, during Fy 2010-11, reached Rs.
3,37,584 Crore, Balance sheet reached Rs. 2,53,377 Crore while it earned a net profit of Rs.
1650 Crore (up by 60 %). Our vision for the Bank is for it to be the trusted partner in
progress, by leveraging quality human capital and setting global standards of excellence, to
build the most valued financial conglomerate. Our experience of financial markets helps us to
effectively cope with challenges and capitalize on the emerging opportunities by participating
effectively in our country‟s growth process. IDBI Bank Ltd. is today one of India's largest
commercial Banks. For over 40 years, IDBI Bank has essayed a key nation-building role, first
as the apex Development Financial Institution (DFI) (July 1, 1964 to September 30, 2004) in
the realm of industry and thereafter as a full-service commercial Bank (October 1, 2004
onwards). As a DFI, the erstwhile IDBI stretched its canvas beyond mere project financing to
cover an array of services that contributed towards balanced geographical spread of
industries, development of identified backward areas, emergence of a new spirit of enterprise
and evolution of a deep and vibrant capital market. On October 1, 2004, the erstwhile IDBI
converted into a Banking company (as Industrial Development Bank of India Limited) to
undertake the entire gamut of Banking activities while continuing to play its secular DFI role.
Post the mergers of the erstwhile IDBI Bank with its parent company (IDBI Ltd.) on April 2,
2005 (appointed date: October 1, 2004) and the subsequent merger of the erstwhile United
Western Bank Ltd. with IDBI Bank on October 3, 2006, the tech-savvy, new generation Bank
with majority Government shareholding today touches the lives of millions of Indians
through an array of corporate, retail, SME and Agri products and services. Headquartered in
Mumbai, IDBI Bank today rides on the back of a robust business strategy, a highly competent
and dedicated workforce and a state-of-the-art information technology platform, to structure
and deliver personalised and innovative Banking services and customised financial solutions
to its clients across various delivery channels. As on March 31, 2010, IDBI Bank has a
balance sheet of Rs.2.34 lakh crore and business size (deposits plus advances) of Rs.3.06 lakh
crore. As an Universal Bank, IDBI Bank, besides its core Banking and project finance
domain, has an established presence in associated financial sector businesses like Capital
Market and Investment Banking, Home Finance, Primary Dealership area and more recently,
the Life Insurance Business. As a step towards taking the organization on a accelerated
growth path, the Bank has reorganized its businesses around nine verticals out of which six
customer verticals, each focusing on distinct customer segments and three business verticals.
Going forward, IDBI Bank is strongly committed to work towards emerging as the 'Bank of
choice' and 'the most valued financial conglomerate', besides generating wealth and value to
all its stakeholders. For the first quarter of the current financial year 2017-18, the bank
reported a net loss of Rs.853 crore compared to a profit of Rs.241 crore during the
corresponding period last financial year. In the fourth quarter of financial year 2016-17, the
bank had reported a loss of Rs.3,200 crore.

While the reported loss was lower than the preceding quarter, bad loans continued to surge.
In the quarter ending September 2017 the bank bounced back with a loss of Rs.198 crore
compared to a loss of over Rs.2,000 crore in the previous quarter. The bank is expected to
return to profit in the upcoming financial year.

It currently has 3,702 ATMs, 1892 branches, including one overseas branch in Dubai, 58 e-
lounges and 1407 centers.

The bank has an aggregate balance sheet size of INR 3.74 trillion as on 31 March 2016"About
us". IDBI Bank. Retrieved 22 February 2014. On June 29, 2018 Life Insurance Corporation
of India (LIC) has got a technical go-ahead from Insurance Regulatory and Development
Authority of India (IRDAI) to increase stake in IDBI Bank up to 51%. [7] LIC of India
completed acquisition of 51% controlling stake in IDBI Bank on January 21, 2019 making it
the majority shareholder of the bank. Subsequent to enhancement of equity stake by LIC of
India on January 21, 2019, Reserve Bank Of India has clarified vide a Press Release dated
March 14, 2019, that IDBI Bank stands re-categorized as a Private Sector Bank, with
retrospective effect from January 21, 2019.
 HISTORY

The Industrial Development Bank of India Limited (IDBI) (BSE: 500116) isoneof India's
leading public sector banks and 4th largest Bank in overall ratings. RBI categorised IDBI as
an "other public sector bank". It was established in 1964 by an Act of Parliamentto provide
credit and other facilities for the development of the fledgling Indian industry.] It is currently
10th largest development bank in the world in terms of reach with 1455 ATMs, 883 branches
including one overseas branch at DIFC, Dubai and 598 centers including two overseas
canters at Singapore & Beijing. Some of the institutions built by IDBI are the National Stock
Exchange of India (NSE), the National Securities Depository Services Ltd (NSDL), the Stock
Holding Corporation of India (SHCIL), the Credit Analysis & Research Ltd, the Export-
Import Bank of India(Exim Bank), the Small Industries Development Bank of India(SIDBI),
the Entrepreneurship Development Institute of India, and IDBI BANK, which is owned by
the Indian Government.IDBI Bank is on a par with nationalized banks and the SBI Group as
far as government ownership is concerned.It is one among the 26 commercial banks owned
by the Government of India.The Bank has an aggregate balance sheet size of Rs. 2,53,378
crore as on March 31, 2011. IDBI Bank's operations during the financial year ended March
31, Industrial Development Bank of India (IDBI) The Industrial Development Bank of India
(IDBI) was established on 1 July 1964 under an Act of Parliament as a wholly owned
subsidiary of the Reserve Bank of India. In 16 February 1976, the ownership of IDBI was
transferred to the Government of India and it was made the principal financial institution for
coordinating the activities of institutions engaged in financing, promoting and developing
industry in the country. Although Government shareholding in the Bank came down below
100% following IDBI‟s public issue in July 1995, the former continues to be the major
shareholder (current shareholding: 65.14%). IDBI provides financial assistance, both in rupee
and foreign currencies, for green-field projects as also for expansion, modernisation and
diversification purposes. In the wake of financial sector reforms unveiled by the government
since 1992, IDBI also provides indirect financial assistance by way of refinancing of loans
extended by State-level financial institutions and banks and by way of rediscounting of bills
of exchange arising out of sale of indigenous machinery on deferred payment terms. IDBI has
played a pioneering role, particularly in the pre-reform era (1964– 91),in catalyzing broad
based industrial development in the country in keeping with its Government-ordained
„development banking‟ charter. Narasimam committee recommends that IDBI should give
up its direct financing functions and concentrate only in promotional and refinancing role.
But this recommendation was rejected by the government. Later RBI constituted a committee
under the chairmanship of S.H.Khan to examine the concept of development financing in the
changed global challenges. This committee is the first to recommend the concept of universal
banking. The committee wanted the development financial institution to diversify its activity.
It recommended to harmonise the role of development financing and banking activities by
getting away from the conventional distinction between commercial banking and
developmental banking. In September 2003, IDBI diversified its business domain further by
acquiring the entire shareholding of Tata Finance Limited in Tata Home finance Ltd.,
signaling IDBI‟s foray into the retail finance sector. The fully owned housing finance
subsidiary has since been renamed „IDBI Home finance Limited‟. In view of the signal
changes in the operating environment, following initiation of reforms since the early nineties,
Government of India has decided to transform IDBI into a commercial bank without
eschewing its secular development finance obligations. The migration to the new business
model of commercial banking, with its gateway to low-cost current, savings bank deposits,
would help overcome most of the limitations of the current business model of development
finance while simultaneously enabling it to diversify its client/ asset base. Towards this end,
the IDB (Transfer of Undertaking and Repeal) Act 2003 was passed by Parliament in
December 2003. The Act provides for repeal of IDBI Act, corporatisation of IDBI (with
majority Government holding; current share: 58.47%) and transformation into a commercial
bank. The provisions of the Act have come into force from 2 July 2004 in terms of a
Government Notification to this effect. The Notification facilitated formation, incorporation
and registration of Industrial Development Bank of India Ltd. as a company under the
Companies Act, 1956 and a deemed Banking Company under the Banking Regulation Act
1949 and helped in obtaining requisite regulatory and statutory clearances, including those
from RBI. IDBI would commence banking business in accordance with the provisions of the
new Act in addition to the business being transacted under IDBI Act, 1964 from 1 October
2004, the „Appointed Date‟ notified by the Central Government. IDBI Bank, with which the
parent IDBI was merged, was a new generation Bank. The Pvt Bank was the fastest growing
banking company in India. The bank was pioneer in adapting to policy of first mover in tier 2
cities. The Bank has one of the highest productivity per employee in Indian banking industry.
On 29 July 2004, the Board of Directors of IDBI and IDBI Bank accorded in principle
approval to the merger of IDBI Bank with the Industrial Development Bank of India Ltd. to
be formed incorporated under the Companies Act, 1956 pursuant to the IDB (Transfer of
Undertaking and Repeal) Act, 2003 (53 of 2003), subject to the approval of shareholders and
other regulatory and statutory approvals. A mutually gainful proposition with positive
implications for all stakeholders and clients, the merger process is expected to be completed
during the current financial year ending 31 March 2005. The immediate fall out of the merger
of IDBI and IDBI Bank was the exit of employees of IDBI bank. The cultures in the two
organizations have taken its toll. The IDBI Bank now is in a growing fold. With its retail
banking arm expanding further after the merger of United western Bank. IDBI would
continue to provide the extant products and services as part of its development finance role
even after its conversion into a banking company. In addition, the new entity would also
provide an array of wholesale and retail banking products, designed to suit the specific needs
cash flow requirements of corporates and individuals. In particular, IDBI would leverage the
strong corporate relationships built up over the years to offer customised and total financial
solutions for all corporate business needs, single-window appraisal for term loans and
working capital finance, strategic advisory and “hand-holding” support at the implementation
phase of projects, among others. IDBI‟s transformation into a commercial bank would
provide a gateway to low-cost deposits like Current and Savings Bank Deposits. This would
have a positive impact on the Bank‟s overall cost of funds and facilitate lending at more
competitive rates to its clients. The new entity would offer various retail products, leveraging
upon its existing relationship with retail investors under its existing Suvidha Flexi-bond
schemes. The responsibility for maintaining standards of corporate governance lies with its
Board of Directors. Two Committees of the Board viz. the Executive Committee and the
Audit Committee are adequately empowered to monitor implementation of good corporate
governance practices and making necessary disclosures within the framework of legal
provisions and banking conventions.