Project Report in the Subject of COC: 222

Advanced Corporate Accounting

Submitted By: Pravina Naik

Seat No: 21P0310195
M.com Part- 1

Post Graduate Department of Commerce

St. Xavier College Mapusa
Academic Year: 2021 - 22
CHAPTER 1
 Table of Contents
Sr. Contents Page
No No
1 Chapter 1
1.1 Introduction
2 Chapter 2
2.1 Research Methodology
2.2 Research Design
2.3 Data Collection Method
2.4 Primary Data
2.5 Secondary Data
2.6 Objectives
2.7 Scope
2.8 Limitations
03 Chapter 3
3.1 Data Analysis & Interpretations
4 Chapter 04
4.1 Recommendations
4.2 Conclusions
5 Chapter 05
5.1 Bibliography
INTRODUCTION
ICICI Bank was established in 1996 by the Industrial Credit and Investment Corporation of
India, an Indian financial institution, as a wholly owned subsidiary. The parent company was
formed in 1955 as a joint-venture of the World Bank, India's public-sector banks and public-
sector insurance companies to provide project financing to Indian industry. The bank was
initially known as the Industrial Credit and Investment Corporation of India Bank, before it
changed its name to the abbreviated ICICI Bank. The parent company was later merged into
ICICI Bank. ICICI Bank launched internet banking operations in 1998

ICICI's shareholding in ICICI Bank was reduced to 46 percent, through a public offering of
shares in India in 1998, followed by an equity offering in the form of American Depositary
Receipts on the NYSE in 2000. ICICI Bank acquired the Bank of Madura Limited in an all-stock
deal in 2001, and sold additional stakes to institutional investors during 2001-02.

In the 1990s, ICICI transformed its business from a development financial institution offering
only project finance to a diversified financial services group, offering a wide variety of products
and services, both directly and through a number of subsidiaries and affiliates like ICICI Bank.
In 1999, ICICI become the first Indian company and the first bank or financial institution from
non-Japan Asia to be listed on the NYSE.

In 2000, ICICI Bank became the first Indian bank to list on the New York Stock Exchange with
its five million American depository shares issue generating a demand book 13 times the offer
size.
In October 2001, the Boards of Directors of ICICI and ICICI Bank approved the merger of ICICI
and two of its wholly owned retail finance subsidiaries, ICICI Personal Financial Services
Limited and ICICI Capital Services Limited, with ICICI Bank. The merger was approved by
shareholders of ICICI and ICICI Bank in January 2002, by the High Court of Gujarat at
Ahmadabad in March 2002, and by the High Court of Judicature at Mumbai and the Reserve
Bank of India in April 2002.

In 2008, following the 2008 financial crisis, customers rushed to ATM's and branches in some
locations due to rumors of adverse financial position of ICICI Bank. The Reserve Bank of India
issued a clarification on the financial strength of ICICI Bank to dispel the rumors.
2.2 Introduction

ICICI Bank Limited is an Indian diversified financial services company headquartered in

Mumbai, Maharashtra. It is the second largest bank in India by assets and third largest by market
capitalization. It offers a wide range of banking products and financial services to corporate and
retail customers through a variety of delivery channels and through its specialized subsidiaries in
the areas of investment banking, life and non-life insurance, venture capital and asset
management. The Bank has a network of 2,630 branches and 8,003 ATM's in India, and has a
presence in 19 countries, including India.

The bank has subsidiaries in the United Kingdom, Russia, and Canada; branches in United
States, Singapore, Bahrain, Hong Kong, Sri Lanka, Qatar and Dubai International Finance
Centre; and representative offices in United Arab Emirates, China, South Africa, Bangladesh,
Thailand, Malaysia and Indonesia. The company's UK subsidiary has established branches in
Belgium and Germany.
ICICI Bank is India’s largest private sector bank in market capitalization and second largest
overall in terms of assets. The bank has a network of 1,626 branches and about 4,883 ATMs in
India and presence in 18 countries.

The industrial credit and investment corporation of India limited (ICICI) was incorporated in
1955 at the initiative of World Bank, the government of India and representatives of Indian
industry, with the objective of creating a development financial institution for providing
medium– term and long- term project financing to Indian businesses. A.Ramaswami Mudaliar is
elected as the first chairman of ICICI Limited.
CHANDA KOCHHAR is currently managing director and CEO of ICICI Bank. Kochhar has
also consistently figured in fortune’s list of “Most Powerful Women in Business” since 2005.
KV Kamathwho has was awarded Padma Bhushan award from the Indian government in 2008 is
the Non-Executive Chairman of the Bank.
ICICI MILESTONES

,1988: Promoted TDICI – India’s first venture capital company.

•1996: ICICI Ltd became the first company in the Indian financial sector to raise GDR.
•1999: ICICI becomes the first Indian company to get listed on the NYSE through an issue of
American depository shares.
•2000: ICICI BANK became the first commercial bank from India to get its stock listed on the
NYSE.

The Indian Banking industry, which is governed by the Banking Regulation Act of India,
1949 can be broadly classified into two major categories, non-scheduled banks and
scheduled banks. Scheduled banks comprise commercial banks and the co-operative banks.
In terms of ownership, commercial banks can be further grouped into nationalized banks, the
State Bank of India and its group banks, regional rural banks and private sector banks (the
old/ new domestic and foreign). These banks have over 67,000 branches spread across the
country in every city and villages of all nook and corners of the land.
The first phase of financial reforms resulted in the nationalization of 14 major banks in 1969
and resulted in a shift from Class banking to Mass banking. This in turn resulted in a
significant growth in the geographical coverage of banks. Every bank had to earmark a
minimum percentage of their loan portfolio to sectors identified as “priority sectors”. The
manufacturing sector also grew during the 1970s in protected environs and the banking
sector was a critical source. The next wave of reforms saw the nationalization of 6 more
commercial banks in 1980. Since then the number of scheduled commercial banks increased
four-fold and the number of bank branches increased eight-fold. And that was not the limit
of growth.
After the second phase of financial sector reforms and liberalization of the sector in the early
nineties, the Public Sector Banks (PSBs) found it extremely difficult to compete with the
new private sector banks and the foreign banks. The new private
sector banks first made their appearance after the guidelines permitting them were issued in
January 1993. Eight new private sector banks are presently in operation. These banks due to
their late start have access to state-of-the-art technology, which in turn helps them to save on
manpower costs.
During the year 2000, the State Bank of India (SBI) and its 7 associates accounted for a 25
percent share in deposits and 28.1 percent share in credit. The 20 nationalized banks
accounted for 53.2 percent of the deposits and 47.5 percent of credit during the same period.
The share of foreign banks (numbering 42), regional rural banks and other scheduled
commercial banks accounted for 5.7 percent, 3.9 percent and 12.2 percent respectively in
deposits and 8.41 percent, 3.14 percent and 12.85 percent respectively in credit during the
year 2000.about the detail of the current scenario we will go through the trends in modern
economy of the country.

ICICI Bank Ltd, India's largest private sector bank, welcomes all existing customers of Bank of
Rajasthan (BoR). The Reserve Bank of India (RBI) approved the merger of Bank of Rajasthan
with ICICI Bank Ltd. All branches of BoR will function as branches of ICICI Bank. The boards
of both the banks on May 23, 2010 approved the merger for a share exchange ratio of 25 shares
of ICICI Bank for 118 shares of BoR.

Customer convenience has always been hallmark of ICICI Bank's Khayaal Aapka promise.
Subsequent to the merger of BoR and ICICI Bank, we have ensured that erstwhile BoR
customers avail the benefits as available to all ICICI Bank customers.

Some of the benefits are:

Large distribution network of 4,050 branches and 12,921 ATMs as on date

24X7 banking through Internet and Mobile Banking
Suite of products and services to meet all your Banking requirements
As we continue our journey of enhancing your banking convenience, we would like to inform
you that the minimum Monthly Average Balance (MAB) requirement and other product features
of your account will be aligned to the equivalent available ICICI Bank Savings/Current Account
variant effective January 1, 2016

BANK OF RAJASTHAN
Bank is an establishment for the custody of money which it pays out on a customer’s order.
Bank of Rajasthan, a leading Private Sector Bank, having branches all over India with
prominent presence in Rajasthan and specialized forex, Industrial finance branches.

The Bank is committed to the highest level of customer satisfaction though personalized,
customer friendly and efficient services. Bank of Rajasthan, with its stronghold in the state of
Rajasthan, has a nationwide presence, serving its customers with a mission of “together we
prosper” engaging actively in commercial banking, Merchant Banking, Auxiliary services,
consumer banking, deposit & money placement services, international banking, priority sector
banking, Depository. Well as the Bank of Rajasthan ltd. was established at Udaipur, the city of
lakes in Rajasthan on the auspicious day of Akshya Tritiya on May 8, 1943 and the credit goes to
the then finance minister of Mewar Government, late Shri Rai Bahadur P.C. Chatterji.The
Mansingka brothers of Bhilwara for establishing a joint stock bank with its registered office
at Udaipur The bank was established with an initial capital of Rs. 10.00 lacs. Late Seth Shri
Govind Ram Seksaria, an eminent Industrialist of the country, was the founder Chairman. The
first Broad of Directors comprised such men of eminence as Shri Rai Bahadur Seth
Rameshwarlal Ji Duduwala, Seth Shri Subhhag Mal Ji Lodha besides the
Mansighka brothers, Seth Shri Pusa Lalji Mansighka and Seth Shri Damodar Lal
ji Mansighka. The other members of the board were Major Rajadhiraj Amar Singh of Banera and
the then Accountant General of Mewar, Rai Bahadur lala
Sukhdayalji.The promoters being very clear in their vision expressed their view that the word
Rajasthan will be more advantageous in future for expanding activities in other princely states
was expected under one Umbrella. As now is history, the individual princely states were merged
under the final name for state – Rajasthan. The naming of the bank, the bank of Rajasthan ltd.,
glaringly reflected the foresight of the promoters.
CHAPTER 2

PURPOSE OF THE STUDY

Objective of Study
The main objectives of this project are the following:
 To study the concept of recruitment and selection.
 To study the recruitment and selection procedure in ICICI BANK.
 To study SWOT analysis of ICICI BANK.
 To study about ICICI BANK and its related aspects like its products & services,
history,organizational structure, subsidiary companies etc.
 To identify the probable area of improvement to make recruitment and selection
procedure more effective.

SCOPE OF THE STUDY (ICICI Bank)

The banking industry in India has a huge canvas of history, which covers the traditional
bankingPractices from the time of Britishers to the reforms period, nationalization to
privatization of banks and now increasing numbers of foreign banks in India. Therefore,
Banking in India has been through a long journey. Banking industry in India has also
achieved a new height with thechanging times. The use of technology has brought a
revolution in the working style of the banks. Nevertheless, the fundamental aspects of
banking i.e. trust and the confidence of the people on the institution remain the same.
The majority of the banks are still successful inkeeping with the confidence of the
shareholders as well as other stakeholders. However, with thechanging dynamics of
banking business brings new kind of risk exposure.The present study attempts to
analyze the recruitment and selection process of ICICI BANK. Thestudy will focus on
recruitment steps and selection procedure of middle level and junior level of
management. The period of submission of the report is from 18/06/2012-18/08/2012.

Scope of the Study: (rajasthan)

 Each and every project study along with its certain objectives also has scope for future.
And
this scope in future gives to new researches a new need to research a new project with a new
scope. Scope of the study not only consist one or two future business plan but sometime it
also gives idea about a new business which becomes much more profitable for the researches
then the older one.
 Scope of the study could give the projected scenario for a new successful strategy with a
proper implementation plan. Whatever scope I observed in my project are not exactly having
all the features of the scope which I described above but also not lacking all the features

❖ Research study could give an idea of network expansion for capturing more market
and customer with better services and lower cost, with out compromising with quality.
❖ In future customer requirements could be added with the product and services for
getting an edge over competitors.
❖ Different parameter could also be used for the purpose of launching a new product
with extra benefits which are required by customers.
❖ Factors which are responsible for the performance for bank can also be used for the
modification of the strategy and product for being more profitable.
These all could also be interchanged with each other for each other in banks strategies for
making a final business plan to affect the market with a positive way without disturbing a lot
to market, customers and competitors with disturbance in market shares.

RESEARCH METHODOLOGY ( RAJASTHAN)

Objective of Study:

objectives which are being covered by me in this project are as following-

 The foremost objective of this study is by making the comparison between different
financial institutions I wanted to come out with a fine essence for the success behind
an organization
 The objective of making the comparative analysis with different financial institution
is to find out the major competitors in home loan sector
 To find out the basis of negotiation in home loans in contemporary market situation.
 One of the most important objective is that I have made the comparison between
different financial institutions because of views, queries and, perception of customers
that what they find good in any organization

ORGANIZATION STRUCTURE OF ICICI BANK

Retail banking.
Wholesale banking
Project finance and special assets management
International business
Corporate bank

Retail banking is banking in which banking institutions execute transactions directly with
consumers, rather than corporations or other banks. Services offered include savings and
transactional accounts, mortgages, personal loans, debit cards, and credit cards.
Wholesale banking is the provision of services by banks to the likes of Mortgage Brokers, large
corporate clients, mid-sized companies, real estate developers and investors, international trade
finance businesses, institutional customers (such as pension funds and government
entities/agencies), and services offered to other banks or other financial institutions. Project
finance is the medium- to long-term financing of infrastructure and industrial projects based
upon the projected cash flows of the project rather than the balance sheets of the project
sponsors.

Special assets management

1. The management of a client's investments by a financial services company, usually an
investment bank. The company will invest on behalf of its clients and give them access to a
wide range of traditional and alternative product offerings that would not be to the average
investors.
2. An account at a financial institution that includes checking services, credit cards, debit cards,
margin loans, the automatic sweep of cash balances into a money market fund, as well as
brokerage services. An International Banking Facility (IBF) is a separate account established by
a U.S. bank, or a US branch/subsidiary of a foreign bank, or an Edge Act Corporation in the
United States to offer services to only non-US residents and institutions. The services offered
include deposit and loan services. (Note, an IBF is not necessarily a separate legal entity.)

ADVANTAGES

PRODUCTS AND SERVICES BANKING ACCOUNTS

ACCOUNT
ICICI Bank offers a wide range of banking accounts such as Current, Saving, Life Plus
Senior,Recurring Deposit, Young Stars, Salary Account etc. tailor-made for every customer
segments,from children to senior citizens. Convenience and ease to access are the benefits of
ICICI Bank accounts.

YOUNG STARS ACCOUNT

A special portal for children to learn banking basics, manage personal finances and have a lot of
fun. BANK @ CAMPUS This student banking services gives students access to their account
details at the click of amouse. Plus, the student gets a cheque book, debit card and annual
statements
.

SAVINGS ACCOUNT
Convenience is the name of the game with ICICI bank‟s savings account. Whether it is an
ATM/debit card, easy withdrawal, easy loan options or internet banking, ICICI bank‟s saving
account always keep you in touch of money.

FIXED DEPOSITES
ICICI Bank offers a range of deposit solutions to meet varying needs at every stage of life. It
offers a range of tenures and other features to suit all requirements

INSURANCE
The ICICI group offers a range of insurance products to cover varying needs rangingfrom life,
pensions and health, to home, motor and travel insurance. The Products are made accessibleto
customers through a wide network of advisors, banking partners, corporate agentsand brokers
with the added convenience of being able to buy online.
LIFE INSURANCE
The ICICI group provides the many life insurance products through ICICI Prudential Life
InsuranceCompany.

GENERAL INSURANCE
The ICICI group provides the many general insurance products like motor, travel and
homeinsurance through ICICI Lombard General Insurance Company.
3.33 LOANS
ICICI bank offers a range of deposits solutions to meet varying needs at every stage of life.
Itoffers a range of tenures and other features to suit all requirements.

HOME LOANS
The No. 1 Home Loans Provider in the country, ICICI Bank Home Loans offers some
unbeatable benefitsto its customers - Doorstep Service, Simplified Documentation and
Guidance throughout
the Process. It‟s
really easy!

PERSONAL LOANS
ICICI Bank Personal Loans are easy to get and absolutely hassle free. With minimum
documentation you can now secure a loan for an amount up to Rs. 15 lakhs.

DISADVANTAGES WEAKNESS
•Lower response time with efficient and effective service
•Some gaps in range for certain sectors.
• Customer service staff needs training.
• Processes and systems,etc.
• Management covers insufficient.
.
THREATS
• Legislation could impact.
• Great risk involved
• Very high competition prevailing in the industry.
• Vulnerable to reactive attack by major competitors
• Lack of infrastructure in rural areas could constrain investment
• High volume/low cost market is
intensely competitive
CHAPTER 3
DATA ANALYSIS

PROPOSED AMALGAMATION WITH ICICI BANK

LIMITED

The Board of Directors in it’s meeting held on 23.05.2010 have approved Scheme of
Amalgamation of the Bank with ICICI Bank Limited. The share exchange ratio has been
approved at 25 shares of ICICI Bank Limited for 118 shares of The Bank of Rajasthan
limited which works out to a swap ratio of 1:4.72. Extraordinary General Meeting of
Shareholders has been convened on 21st June, 2010 to approve the amalgamation
scheme in terms of Section 44A of Banking Regulation Act, 1949. After approval by
shareholders, application for necessary approval would be submitted to RBI.

STATUTORY AUDITORS
The Statutory Auditors M/S Gokhale & Sathe, Chartered Accountants, Mumbai will retire at the
conclusion of the ensuing Annual General Meeting.

AUDIT COMMITTEE
The composition of Audit Committee is given in the Report on Corporate Governance.

SUBSIDIARY COMPANY
The name of the erstwhile subsidiary of the Bank namely Rajasthan Bank Financial Service
Ltd., (RBFSL) has been struck off from the register of Registrar of Companies u/s 560 of the
Companies Act 1956. The Subsidiary Company stands merged with the Bank.

BOARD OF DIRECTORS
During the period under report, following changes have
taken place in the Board of Directors:
1. Reserve Bank of India vide order dated 19th November, 2010 appointed Shri G.
Padmanabhan as the Managing Director & Chief Executive Officer of the Bank w.e.f.
20th November 2009 for a period of two years or till further orders.

2. Shri P.L. Ahuja relinquished the office of MD & CEO

on 19th November, 2010 after expiry of his term

3. Reserve Bank of India vide order dated 14th December, 2009 appointed Shri M.
Ravindra Vikram, Chartered Accountant, and Shri V. Seshadri, as additional directors
w.e.f. 14th December 2009 in exercise of powers conferred under section 36AB of the
Banking Regulation Act, 1949.

4. Shri V.P.Khurana , an independent and non-executive director, has resigned from the
Board w.e.f. 12th May 2010.The Board places on record its appreciation for valuable
contribution made by Shri P.L.Ahuja and Shri V.P.Khurana during their tenure on the
Board of the Bank.The Board welcomes new Managing Director Shri G.Padmanabhan
and new Directors Shri M.R.Vikram and Shri V.Seshadri and looks forward to their
guidance to the Bank.

REPORT ON CORPORATE GOVERNANCE

A detailed report on the status of implementation of the corporate governance guidelines has
been furnished as an Annexure-I to this Report.

DIRECTORS’ RESPONSIBILITY STATEMENT

Pursuant to sub-section (2AA) of Section 217 of the Companies Act, 1956, the Board of
Directors of the Company hereby state and confirm that:

1. In the preparation of the Annual Accounts, the applicable accounting standards had been
followed along with proper explanation relating to material departures;
2. The Directors had selected 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 the Company at the end of the financial year and of the profit of the
Company for the period;

3. The Directors had taken proper and sufficient care for the maintenance of adequate
accounting records in accordance with the provisions of the Companies Act, 1956 for
safeguarding the assets of the Company and for preventing and detecting frauds and other
Irregularities.

4. The Directors had prepared the annual accounts on a going concern basis.

QUALIFICATIONS IN AUDITORS REPORT AND DIRECTORS’

EXPLANATION
The Directors refer the qualification in the Directors’ Report and as required by section 217(3) of
the Companies Act, 1956, give their explanation as under:
Auditors Qualifications Management Reply Note No. 12.2 of schedule – 18, Notes to Accounts
regarding provision for long term employee benefits, where, due to variations in base data and
actuarial assumptions and its in significant impact on valuation, the loss has been overstated by
Rs. 149.58 crores.Base data has been provided by the Bank and the assumptions are based on
these. Incidentally, they are also in line with other private sector banks.Note No. 12.3 of
Schedule 18, Notes to Accounts, a sum of Rs.31.50 crores reflected as an asset through not
realisable. Accordingly, the sum of Rs.31.50 crores and the corresponding Deferred Tax Asset
is overstated to the extent of Rs.10.46 crores. Advance contribution Rs.31.50 crores has been
made for purchase of annuity to Pension Fund against provision lying under Liabilities. This is in
line with existing practice being followed by the Bank Note No, 13 of schedule 18, Notes to
Accounts, regarding possible provisioning arising out of the special audit which cannot be
presently quantified.Final report of special audit is awaited.Note No. 40 of Schedule 18, Notes to
Accounts, regarding proposed merger of the bank and consequent preparation of financial
statements under the going concern assumption.The accounts are prepared under the going
concern assumption as the business of banking is intended to be continued.

MANAGEMENT DISCUSSION & ANALYSIS

This has been included as a separate Annexure -II to this report.

ACKNOWLEDGEMENT
The Board of Directors gratefully acknowledges the continued co-operation and support of the
Reserve Bank of India, Government of Rajasthan and other state governments, business
associates, valued customers and shareholders. The Board also places on record it
appreciation of the dedicated services rendered by the employees at all levels.
Place : Mumbai .
Date : 28th May, 2010
FINANCIAL PERFORMANCE
The Bank has posted a net loss( after provisions & taxes) of Rs. 102.13 crores for the year
2009-10 against a net profit of Rs.117.71 crores for the previous year. The operating loss
for the FY 2009-10 amounted to Rs. 27.90 crores as against operating profit of Rs. 193.77
crores for the Financial Year 2008-09. The appropriations for the net loss have been
effected as shown in the performance highlights. The total income of the Bank remained at
Rs.1489.48 crores as compared to an income of Rs. 1507.23 crores for the previous year.

DEPOSITS
The total deposits of your Bank decreased from a level of Rs. 15187.15 crores to Rs. 15062.35
crores showing a decrease of 0.82%. The Core Deposits (excluding interbank deposits) showed
an increase from Rs. 13832.25 crores as on 31st March 09 to Rs. 14204.23 crores as on 31st
March 10. The Bank continued to lay emphasis on a sustained growth in retail deposits by
expanding client base with a focus on Savings Bank and Current Account. Saving Deposits,
which constitute the core of stable retail liabilities increased by 25% to Rs 3360.00 crores as
against Rs. 2687.99 crores in the previous year. The cost of deposits decreased from 7.10% in
the previous financial year to 6.55 % during the year under review due to the general downward
movement in interest rates and increase in savings and current deposits.

ADVANCES
The Bank continued its focus on retail loan products. As a result of this strategy the retail
advances grew to Rs.1014.18 crores which helped in maintaining reasonable yield and spread.
The average yield on advances is 11.68%. Retail Advances constitute 11.95 % of the Bank’s
total advances as on 31st March 2010. The focus on retail also helped the Bank in diversifying
the inherent risks in lending. In corporate advances the Bank continued its policy of targeting
selected borrowers of high credit standing. The net advances of the Bank during the year under
report increased to Rs.8329.47 crores as against Rs. 7780.75 crores in 2008-09.

PRIORITY SECTOR :
In terms of the directives from the Government of India and the Reserve Bank of India, the Bank
is giving utmost importance to lending under Priority Sector and Agriculture Sector. The Bank’s
advances to Priority Sector (inclusive of eligible investments) as a proportion of Adjusted Net
Bank Credit at the end of previous year stood at 35.31% as on 31st March 2010.

INCOME ANALYSIS :
The interest income on advances has decreased from Rs. 917.10 crores in FY 2008-09 to Rs.
906.02 crores in FY 2009-10. The total income of the Bank decreased from Rs. 1507.23 crores
in FY 2008-09 to Rs. 1489.48 crores in FY 2009-10. The percentage of non interest income
excluding profit on sale of investments to total income for the year worked out to 6.55 .

SEGMENT- WISE PERFORMANCE

The Bank operates in two segments, namely, banking
operations and treasury operations which have been recognized as primary segments .As per
RBI guidelines, the
Banking operations segment has further been bifurcated
into three segments i.e. corporate/ wholesale banking, retail
banking and Other banking operations. The working results
in respect of the four segments are as under :
(
Business Segment
Particular
For the
Year ended
31st March 10
For the
Year ended
31st March 09
Segment Revenue
Treasury Operations 485.60 489.73
Corporate / Wholesale
Banking
591.59 564.66
Retail Banking 392.89 435.43
Other Banking
Operations
19.60 17.51
Total 1489.68 1507.33
Business Segment
Particular
For the
Year ended
31st March 10
For the
Year ended
31st March 09
Less: Inter Segment
Revenue
Net Sales/ Income
from Operations
1489.68 1507.33
Segment Result
Profit/(Loss) before
Tax and Interest from
each Segment
Treasury Operations (15.49) 57.39
Corporate / Wholesale
Banking
(89.25) 55.71
Retail Banking (59.37) 42.91
Other Banking
Operations
19.29 17.18
Total (144.82) 173.19
Add/(less) Other
Unallocated Income /
(Expenditure) Net Off
(0.20) (0.10)
Total Profit Before Tax (145.02) 173.09
Capital Employed
Treasury Operations 251.28 323.64
Corporate / Wholesale
Banking
215.52 225.75
Retail Banking 74.28 93.71
Other Banking
Operations
0.26 0.37
Total 541.34 643.47