PICK OF THE DAY

HDFC BANK
COURTESY: The Economics Times . Dated: 3rd March, 2010.

Presented by : Pawan Bhatija Rohit Panjwani Manthan Joshi

HISTORY OF HDFC BANK

1994 - The Bank was Incorporated on 30th August. A new private sector Bank promoted by housing Development Corporation Ltd. (HDFC), a premier housing finance company. The bank is the first of its kind to receive an inprinciple approval from the RBI for establishment of a bank in the private sector. Certificate of Commencement of Business was received on 10th October 1994 from RBI. 1995 - 70 No. of equity shares issued to subscribers to the Memorandum & Articles of Association on 30th August 1994. On the same date 500,00,000 equity shares were allotted to HDFC promoters. 509,20,000 shares were allotted to HDFC Employees Welfare Trust and HDFC Bank Employees Welfare Trust on 22nd December, 1994. - On 16.1.1995, 90,79,930 No. of equity shares were allotted to Jarrington Pte. Ltd. Another 400,00,000 equity shares were allotted on private placement basis to Natwest Group on 9.5.1995. 500,00,000 shares were allotted to the public on 9.5.95 (all were taken up). - The Bank opened its first branch in Ramon House at Churchgate, Mumbai on January 16th. - The Bank has created an efficient operating system using well tested state-of-the-art software. 1996

- HDFC Bank has entered the banking consortia of over 50 corporates, including some leading multinational companies, flagship companies of local business houses and strong public sector companies. 1997 - The bank is one of the largest mobilisers of retail deposits through its network of 20 branches. Its credit deposits ratio was 53.8%. - The bank has set up a ultra-modern hub at Powai in Mumbai where the bank's central computer is housed. This hub housed in 35,000 square feet of space, houses data of all the branches and facilitates the introduction of new products and services. - HDFC Bank, one of the nine new-generation private sector banks, has planned to set up an all-India on-line automated teller machine (ATM) network. - HDFC Bank proposed to launch tele-banking for the first time in June in Mumbai at its Chandiveli branch. - HDFC Bank has launched its Versova branch, the 11th branch in Mumbai. - HDFC Bank on October 14 introduced ATMs that converse in a regional language. 1998 - HDFC Bank has tied up with the Ahmedabad Stock Exchange (ASE) to act as its clearing bank.

- HDFC Bank has signed an agreement with the National Stock Exchange (NSE) which will give it a second charge over the brokers deposit for providing loan against share facility to NSE brokers. - The bank will also provide phone-banking facility in Bangalore. HDFC has tied up with Visa International to offer its Debit Card. - HDFC Bank Ltd has entered into a memorandum of understanding for a strategic business collaboration with Chase Manhattan Bank. - HDFC Bank has become the first bank in India to link up its automated teller machine (ATM) network with all the three major payment systems world-wide. - HDFC Bank was the first to sign up with AMEX in December of 1998. 2000 - HDFC Bank also signed a memorandum of understanding with Singapore Telecom's e-commerce arm Sesami.Com Pvt Ltd. - The Bank latter also entered into a partnership agreement with National Computer Systems, the e-commerce unit of Singtel. - The bank has tied up with 12 utility companies nationwide including BSES, MSEB, BEST, Orange, BPL and MTNL. - BPL Mobile has tied up with HDFC Bank to offer Internet banking through the mobile phone. - HDFC Bank launched depository services on the net.

- The HDFC Bank and Airtel launched their mobilebanking service through WAP in Delhi. - HDFC Bank has launched wireless application protocolbased mobile-banking in Coimbatore and Trichy in association with Aircel. 2001 - The Bank has opened its first branch in Aurangabad. - HDFC Standard Life Insurance has entered into a memorandum of understanding with the Chennai-based Indian Bank. 2002 - Mediclaim facilities to HDFC Bank gold cardholders. - HDFC Bank Ltd has informed BSE that Mr Deepak Satwalekar has submitted his resignation as Director of the Bank. The Board of Directors has accepted the same. The Board of Directors has co-opted Mrs Renu Karnad as Additional Director of the Bank. 2003 - The Board of Directors of HDFC Bank Ltd at their meeting held on January 15, 2003 approved the appointment of Mr. Arvind Pande as an Additional Director pursuant to section 260 of the Companies Act, 1956. 2004 -Mr Ranjan Kapur & Mr Bobby Parikh appointed as Additional Directors

-HDFC Bank wins Asiamoney award for Best Domestic Bank 2006 -HDFC sets up two more branches in AP 2007 -HDFC Bank has signed an agreement with Tata Pipes to offer credit facilities to farmers across the country. -Hdfc Bank Ltd has appointed Mr. Pandit Palande as an additional Director of the Bank at the Board Meeting held today i.e. on 24th April 2007. - HDFC Bank Ltd has informed that the Board of Directors of the Bank at its meeting held on October 12, 2007, has been appointed Mr. Paresh Sukthankar & Mr. Harish Engineer as Executive Directors on the Board of Directors of the bank. Mr. Sukthankar & Mr. Engineer have been senior employees of the Bank since 1994 and have held various positions of responsibility. 2010 - With a view to attract long term deposits and prevent premature withdrawal when the interest rates peak, HDFC, the housing finance major, has decided to pay variable interest rate on recurring deposits.

Profit & Loss A/c :

Profit and Loss
Rs. cr
Period & months 2009/03 19,770.72 2008/03 12,354.41 2007/03 8,303.34 2006/03 5,567.67 2005/03 3,723.86

INCOME Operating Income EXPENSES Financial Expenses Personel Expenses Selling Expenses Adminstrative Expenses Capitalised Expenses TOTAL OPER. EXPENSES OPERATING PROFIT Other Recurring Income ADJUSTED PBDIT Provisions Depreciation Other Write offs ADJUSTED PBT Taxes ADJUSTED PAT Non-recurring items Other Non-cash Adjustments REPORTED PAT APPROPRIATIONS

8,911.10 2,238.20 108.68 4,583.86 0.00 15,841.84 3,928.87 0.00 3,928.87 273.30 359.91 0.00 3,295.67 1,054.92 2,240.75 4.19 -0.59 2,244.94

4,887.12 1,301.35 114.73 2,247.48 0.00 8,550.68 3,803.73 43.04 3,846.77 1,294.67 271.72 0.00 2,280.38 690.90 1,589.48 0.70 -0.06 1,590.18

3,179.45 776.86 74.88 1,519.32 0.00 5,550.51 2,752.83 102.96 2,855.79 754.90 219.60 241.09 1,640.20 497.70 1,142.50 -1.05 -0.35 1,141.45

1,929.50 486.82 80.85 1,424.59 0.00 3,921.76 1,645.91 31.38 1,677.29 0.00 178.59 245.16 1,253.54 383.03 870.51 0.27 0.00 870.78

1,315.56 276.67 54.95 785.93 0.00 2,433.11 1,290.75 20.76 1,311.51 0.00 144.07 188.06 979.38 314.03 665.35 0.21 -0.26 665.56

Equity Dividned Preference Dividend Retained Earnings

425.38 0.00 4,321.31

301.27 0.00 3,169.68

223.57 0.00 2,334.55

172.23 0.00 1,276.73

140.07 0.00 910.91

BALANCE SHEET
Balance Sheet
Rs. cr
Period & months 2009/03 2008/03 2007/03 2006/03 2005/03

CAPITAL & LIABILITIES Owned Funds Equity Share Capital Share Application Money Preferential Share Capital Reserves & Surplus Loan Funds Deposits Borrowings made by the bank TOTAL ASSETS Cash & Balances with RBI Money at call and Short Notice Investments Advances Fixed Assets Gross Block Accumulated Depreciation Less: Revaluation Reserve Net Block Capital Work-in-progress Net Current Assets Miscellaneous Expenses not written off TOTAL

425.38 400.92 0.00 14,226.43

354.43 0.00 0.00 11,142.80

319.39 0.00 0.00 6,113.76

313.14 0.07 0.00 4,986.39

309.88 0.43 0.00 4,209.97

142,811.58 100,768.60 68,297.94 55,796.82 36,354.25 2,685.84 4,478.86 2,815.39 4,560.48 5,290.01

160,550.15 116,744.69 77,546.48 65,656.90 46,164.54

13,527.21 3,979.41 58,817.55 98,883.05 3,956.63 2,249.90 0.00 1,706.73 0.00 6,356.83 0.00

12,553.18 2,225.16

5,182.48 3,971.40

3,306.61 3,612.39

2,650.13 1,823.87

49,393.54 30,564.80 28,393.96 19,349.81 63,426.90 46,944.78 35,061.26 25,566.30 2,386.99 1,211.86 0.00 1,175.13 0.00 4,402.69 0.00 1,917.56 950.89 0.00 966.67 0.00 3,605.48 0.00 1,589.47 734.39 0.00 855.08 0.00 2,277.09 0.00 1,290.51 582.19 0.00 708.32 0.00 1,330.57 0.00

160,550.15 116,744.69 77,546.48 65,656.90 46,164.54

SHARE PRICE MOVEMENT

Exchange -- BSE , Starting date -- 3/2/2010 , Ending date -- 3/10/2010
Date 03/02/2010 03/03/2010 03/04/2010 03/05/2010 03/08/2010 03/09/2010 03/10/2010 Open Price
1,720.00 1,747.10 1,774.00 1,800.00 1,799.00 1,780.35 1,809.85

High Price
1,760.00 1,780.90 1,785.00 1,800.00 1,799.00 1,815.00 1,819.80

Low Price
1,706.50 1,743.05 1,751.00 1,761.35 1,773.55 1,758.30 1,794.00

Close Price
1,744.65 1,776.10 1,781.45 1,784.50 1,780.35 1,811.45 1,814.80

Traded Value (Cr.)

129,351,871 133,701,593 108,078,375 209,780,066 87,024,589 229,163,012 139,073,772

Traded Number Quantity of Trades

74648 75716 60872 117741 48736 127036 76789 3002 2328 2723 3054 1717 4387 3087

DIVIDEND
Dividened
Year 2009 / 03 Dividend / Share
10.00

Face Value
10

Dividend %
100.00

THE COMPETITORS TO HDFC BANK : 1) SYNDICATE BANK 2) AXIS BANK 3) INDIAN BANK

SYNDICATE BANK

Chief Executive Name Secretary Name Face Value Market Lot Business Group Name

Mr. Basant Seth Mr. R Ravi 10 1 Public Sector

Incorporation Date 20/10/1925 Industry Name Registrar of Company Finance - Banks - Public Sector KARVY COMPUTERSHARE PVT LTD

HISTORY OF COMPANY
1925 - The Bank was founded at the temple town of Udupi on October 20, as Canara Industrial and Banking Syndicate Limited. 1928 - The Bank introduced an innovative savings scheme, Pigmy Deposits, to mobilise small savings and the Bank has come to be known as the `Small Man's Big Bank'. 1964 - The Bank was renamed as "Syndicate Bank Limited and shifted its Head Office to Manipal. 1969 - The Bank was nationalised under the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970s. 1975 - Syndicate Bank was the first Bank to sponsor a Regional Bank, Prathama Bank at Moradabad. - The Bank has sponsored 10 Regional Rural Banks all over the country and a distinguishing feature is that all the 10 RRBs have achieved considerable growth and Profits. 1992 - The Company introduced Asset Classification, Income Recognition and Provisioning norms by RBI affected all the Public Sector Banks and Syndicate Bank was no exception.

1994 - The Bank has merged eight branches - 3 in Mumbai, 2 in Bangalore and one each in Calcutta, Ahmedabad and Udupi centres. On the other hand, the Bank also has opened 8 new branches during the year. - The Bank has opened two Specialised Industrial Finance Branches one at Mumbai and another at Bangalore to cater to the needs of the corporate clients. 1996 - The year 1995 - 96 has been celebrated by the Bank as the Platinum Jubilee Year as it completed 70 years of service to the Nation. - The first Automated Teller Machine of the Bank was installed at Bangalore Gandhinagar branch during the year. - It is proposing to increase its number of branches from the current 1,600 to 2,000 by the turn of the century. - The Manipal-based Syndicate Bank has opened a fully automated branch in Guruvayur in Thrissur district in Kerala. 1997 - Syndicate Bank will be introducing telebanking services at South Block Branch, New Delhi from March. - A memorandum of understanding (MoU) was signed between Syndicate Bank and its sponsored regional rural banks in Andhra Pradesh namely Anantha Grameena Bank and Pinakini Grameena Bank at Syndicate Bank Zonal office, Bangalore, on August 8. 1998

- The Bank was conferred with Autonomy status by Government of India on attaining the prescribed performance criteria relating to capital adequacy, profitability, non-performing assets and minimum owned funds. 1999 - The Bank introduced `Shubh Din Deposit' Scheme for auspicious days like Birthday, Marriage Anniversary etc. - Public Issue of 12,50,00,000 No. of Equity Shares of Rs 10/- each for cash at par aggregating Rs 125,00,00,000. 2000 - Syndicate Bank, one of the oldest banks in the country and is an entity with rural flavaour and is engaged primarily in social banking. - Syndicate Bank has decided to introduce seven-day banking and extended banking hours for its customers in residential and business areas. 2001 - The Bank has proposed to extend its tie-up with Stock Holding Corporation of India Ltd. to cover more branches and more investors. - Mr M S Kapur has been appointed as executive director of Syndicate Bank by the government of India till March 31, 2006. - Syndicate Bank launched a new educational loan scheme for poor but meritorious students to support their education, both in India and abroad

2002 -Syndicate Bank has informed that Mr P J Vincent, Joint Secretary and F A, Department of Expenditure, Ministry of Finance, New Delhi has been appointed on the Board of Directors of the Bank. -K S Shetty appointed as a Director on the Board of Syndicate Bank. 2003 -Syndicate Bank introduced the Resident Foreign currency(domestic)deposit scheme for its resident Indians. -Syndicate Bank has announced its 5 branches in Andhra Pradesh have made arrangement to sell application forms for the All India Engineering Entrance Examination of the CBSE. -Syndicate Bank offered for funding of solar lighting projects in the country. -Bank waved the service charges on fresh vehicle and consumer durable loans taken by women under the 'Syndicate Vahan' and 'Synd Suvidha' schemes, to mark the International Women's Day. -Syndicate Bank has launched its Centralised Banking Solution in Puttaparti and vijayawada. -Bank has liberalised the 'Syndvidya' loan scheme. -Syndicate Bank has launched an 'awareness camp' on housing loans scheme in puttur. -Syndicate Bank launched new counter at Maharani's Arts College, Bangalore which is affiliated to seshadripuram branch. 2004

- Syndicate Bank in Memorandum of Understanding with United India Insurance (UII) to sell policies --Royal Enfield tied-up with Syndicate Bank to finance purchases. -Launches new products SyndKissan Samruddhi Card and SyndMahila Card. SyndKissan Samruddhi Card -Syndicate Bank ties with Mahindra & Mahindra for financing tractors -Syndicate Bank launches new loan scheme -Syndicate Bank introduces Kisan Samvirudthi Credit Card 2005 - Syndicate Bank files a draft red herring prospectus on April 19, 2005, with the Securities & Exchanges Board of India to enter the capital market with its second public issue of equity shares. The bank proposes to issue 50 million equity shares of Rs 10 each for cash at a premium to be decided through the book-building process. The issue is to be made through a 100-per cent book-building process. Of the total offer, the bank has reserved 5 million equity shares to its employees and another 5 million equity shares to existing shareholders. Of the balance net offer of 40 million shares, 20 million are reserved for allotment to qualified institutional buyers on a discretionary basis and 6 million reserved for allotment to non-institutional buyers. The remaining 14 million would be allotted to retail investors on a proportionate basis. -Syndicate Bank has received a nod from the Securities and Exchanges Board of India (Sebi) for its second public offer which is expected to hit the capital market in the first week of July. The issue

consists of five crore equity shares of Rs 10 each. They will be issued at a premium, which will be decided through the book-building process. 2007 -Syndicate Bank has informed that Government has nominated Sri. Kawaljit Singh Oberoi, as Part-Time Non-Official Director on the Board of the Bank for a period of 3 years from the date of notification (i.e. January 02, 2007) or until further order whichever is earlier. -Syndicate Bank has informed that the Central Government has nominated Ms. Shobha Oza, as Part-Time Non-Official Director on the Board of the Bank for a period of 3 years from the date of notification (i.e. January 02, 2007) or until her successor is nominated or until further orders, whichever is earliest. - Syndicate Bank has hiked interest rates of retail deposits upwards of nine per cent. -Syndicate Bank has informed that the Central Government has nominated Sri. K Seetharamu, as Director on the Board of the Bank, in place of Sri. Salim Gangadharan with immediate effect and until further orders. 2008 -Mumbai: Syndicate Bank has inked a memorandum of understanding under corporate agency tie up arrangement with Export Credit Guarantee Corporation of India Ltd (ECGC), for marketing their various export insurance products through its designated branches. 2009

- Syndicate Bank has appointed Shri Basant Seth as Chairman and Managing Director (MD) of the Bank for a period upto February 29, 2012 i.e. the date of his superannuation or until further orders, whichever is earlier.

Profit and Loss

Rs. cr
Period & months 2009/03 9,979.92 2008/03 8,507.14 2007/03 6,316.19 2006/03 4,397.41 2005/03 3,783.10

INCOME Operating Income EXPENSES Financial Expenses Personel Expenses Selling Expenses Adminstrative Expenses Capitalised Expenses TOTAL OPER. EXPENSES OPERATING PROFIT Other Recurring Income ADJUSTED PBDIT Provisions Depreciation Other Write offs ADJUSTED PBT Taxes ADJUSTED PAT

6,977.60 1,045.16 22.52 1,009.31 0.00 9,054.58 925.34 354.02 1,279.35 130.15 113.02 0.00 1,036.18 123.52 912.66

5,833.56 928.91 12.82 796.74 0.00 7,572.03 935.11 279.64 1,214.74 106.08 103.05 0.00 1,005.61 157.47 848.14

3,890.02 894.47 17.73 737.31 0.00 5,539.52 776.67 252.44 1,029.11 217.37 83.40 0.00 728.35 11.76 716.59

2,169.55 950.37 13.09 694.67 0.00 3,827.67 569.73 234.59 804.32 120.19 45.43 0.00 638.70 15.04 623.66

2,063.80 801.47 27.78 417.99 0.00 3,311.04 472.06 154.57 626.62 0.00 37.58 0.00 589.05 -7.58 596.63

Non-recurring items Other Non-cash Adjustments REPORTED PAT APPROPRIATIONS Equity Dividned Preference Dividend Retained Earnings

0.17 0.00 912.82

-0.07 0.00 848.07

-0.53 0.00 716.06

-87.17 0.00 536.49

-193.73 0.00 402.90

156.58 0.00 729.62

146.15 0.00 677.07

146.16 0.00 547.40

130.49 0.00 387.70

94.39 0.00 296.17

Balance Sheet
Rs. cr
Period & months 2009/03 2008/03 2007/03 2006/03 2005/03

CAPITAL & LIABILITIES Owned Funds Equity Share Capital Share Application Money Preferential Share Capital Reserves & Surplus Loan Funds Deposits Borrowings made by the bank TOTAL ASSETS Cash & Balances with RBI Money at call and Short Notice Investments Advances Fixed Assets Gross Block Accumulated Depreciation Less: Revaluation Reserve Net Block Capital Work-in-progress Net Current Assets Miscellaneous Expenses not written off

521.97 0.00 0.00 4,073.10 115,885.14 2,190.48

521.97 0.00 0.00 3,343.20

521.97 0.00 0.00 2,662.98

521.97 0.00 0.00 2,115.58

471.97 0.00 0.00 1,527.89

95,170.80 78,633.57 53,624.39 46,294.56 1,306.16 1,373.53 343.06 322.01

122,670.69 100,342.14 83,192.05 56,605.00 48,616.43

12,543.23 1,861.18 30,537.23 81,532.27 1,225.00 504.84 414.95 305.21 21.87 3,039.73 0.00

10,374.91 1,282.24

6,574.23 2,924.68

3,145.14 2,068.38

2,690.00 379.57

28,075.93 25,234.01 17,269.11 20,370.73 64,051.01 51,670.44 36,466.24 26,729.21 1,153.30 398.01 426.28 329.01 14.23 2,578.67 0.00 1,042.00 296.70 438.14 307.16 26.25 2,102.45 0.00 678.98 269.82 196.06 213.10 10.12 1,708.62 0.00 601.85 226.88 198.65 176.32 6.30 1,558.64 0.00

TOTAL Number of Equity shares outstanding (Cr.) Bonus component in Equity Capital Notes: Contingent liabilities Book Value of Unquoted Investments Market Value of Quoted Investments

122,670.69 100,342.14 83,192.05 56,605.00 48,616.43

52.20 0.00

52.20 0.00

52.20 0.00

52.20 0.00

47.20 0.00

78,382.72 0.00 0.00

54,184.22 47,757.00 38,436.38 37,451.38 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

AXIS Bank

Chief Executive Name Secretary Name Face Value Market Lot Industry Name

Mrs. Shikha Sharma Mr. P J Oza 10 1 Finance - Banks - Private Sector

History of the company

1993 - The Bank was incorporated on 3rd December and Certificate of business on 14th December. The Bank transacts banking business of all description. UTI Bank Ltd. was promoted by Unit Trust of India, Life Insurance Corporation of India, General Insurance Corporation of India and its four subsidiaries. - The bank was the first private sector bank to get a license under the new guidelines issued by the RBI. 1997 - The Bank obtained license to act as Depository Participant with NSDL and applied for registration with SEBI to act as `Trustee to Debenture Holders'. - Rupees 100 crores was contributed by UTI, the rest from LIC Rs 7.5 crores, GIC and its four subsidiaries Rs 1.5 crores each. 1998 - The Bank has 28 branches in urban and semi urban areas as on 31st July. All the branches are fully computerised and networked through VSAT. ATM services are available in 27 branches. - The Bank came out with a public issue of 1,50,00,000 No. of equity shares of Rs 10 each at a premium of Rs 11 per share aggregating to Rs 31.50 crores and Offer for sale of 2,00,00,000 No. of equity shares for cash at a price of Rs 21 per share. Out of the public issue 2,20,000 shares were reserved for allotment on preferencial basis to employees of UTI Bank. Balance of 3,47,80,000 shares were offered to the public. - The company offers ATM cards, using which account-holders can withdraw money from any of the bank's ATMs across the country which are inter-connected by VSAT. - UTI Bank has launched a new retail product with operational flexibility for its customers. - UTI Bank will sign a co-brand agreement with the market, leader, Citibank NA for entering into the highly promising credit card business.

- UTI Bank promoted by India's pioneer mutual fund Unit Trust of India along with LIC, GIC and its four subsidiaries. 1999 - UTI Bank and Citibank have launched an international co-branded credit card. - UTI Bank and Citibank have come together to launch an international co-branded credit card under the MasterCard umbrella. - UTI Bank Ltd has inaugurated an off site ATM at Ashok Nagar here, taking the total number of its off site ATMs to 13.m 2000 - The Bank has announced the launch of Tele-Depository Services for its depository clients. - UTI Bank has launch of `iConnect', its Internet banking Product. - UTI Bank has signed a memorandum of understanding with equitymaster.com for e-broking activities of the site. - Infinity.com financial Securities Ltd., an e-broking outfit is typing up with UTI Bank for a banking interface. - Geojit Securities Ltd, the first company to start online trading services, has signed a MoU with UTI Bank to enable investors to buy\sell demat stocks through the company's website. - Indiabulls has signed a memorandum of understanding with UTI Bank. - UTI Bank has entered into an agreement with Stock Holding Corporation of India for providing loans against shares to SCHCIL's customers and funding investors in public and rights issues. - ICRA has upgraded the rating og UTI Bank's Rs 500-crore certificate of deposit programme to A1+. - UTI Bank has tied up with L&T Trade.com for providing customised online trading solution for brokers. 2001 - UTI Bank launched a private placement of non-convertible debentures to raise up to Rs 75 crore. - UTI Bank has opened two offsite ATMs and one extension counter with an ATM in Mangalore, taking its total number of ATMs across the country to 355. - UTI Bank has recorded a 62 per cent rise in net profit for the quarter ended September 30, 2001, at Rs 30.95 crore. For the second quarter ended September 30, 2000, the net profit was Rs 19.08 crore. The total income of the bank during the quarter was up 53 per cent at Rs 366.25 crore.

2002 - UTI Bank Ltd has informed BSE that Shri B R Barwale has resigned as a Director of the Bank w.e.f. January 02, 2002. A C Shah, former chairman of Bank of Baroda, also retired from the bank's board in the third quarter of last year. His place continues to be vacant. M Damodaran took over as the director of the board after taking in the reins of UTI. B S Pandit has also joined the bank's board subsequent to the retirement of K G Vassal. - UTI Bank Ltd has informed that Shri Paul Fletcher has been appointed as an Additional Director Nominee of CDC Financial Service (Mauritius) Ltd of the Bank.And Shri Donald Peck has been appointed as an Additional Director (nominee of South Asia Regional Fund) of the Bank. - UTI Bank Ltd has informed that on laying down the office of Chairman of LIC on being appointed as Chairman of SEBI, Shri G N Bajpai, Nominee Director of LIC has resigned as a Director of the Bank. 2002 - B Paranjpe & Abid Hussain cease to be the Directors of UTI Bank. - UTI Bank Ltd has informed that in the meeting of the Board of Directors following decisions were taken: Mr Yash Mahajan, Vice Chairman and Managing Director of Punjab Tractors Ltd was appointed as an Additional Director with immediate effect. Mr N C Singhal former Vice Chairman and Managing Director of SCICI was appointed as an Additional Director with immediate effect. -ABN Amro, UTI Bank in pact to share ATMs. -UTI Bank Ltd has informed BSE that a meeting of the Board of Directors of the Bank is scheduled to be held on October 24, 2002 to consider and take on record the unaudited half yearly/quarterly financial results of the Bank for the half year/Quarter ended September 30, 2002. -UTI Bank Ltd has informed that Shri J M Trivedi has been appointed as an alternate director to Shri Donald Peck with effect from November 2, 2002. 2003 -UTI Bank Ltd has informed BSE that at the meeting of the Board of Directors of the company held on January 16, 2003, Shri R N Bharadwaj, Managing Director of LIC has been appointed as an Additional Director of the Bank with immediate effect. - UTI Bank, the private sector bank has opeaned a branch at Nellore. The bank's Chairman and Managing Director, Dr P.J. Nayak, inaugurating the bank branch at GT Road on May 26. Speaking on the occasion, Dr Nayak said, "This marks another step towards the extensive customer banking focus that we are providing across the country and reinforces our commitment to bring superior banking services, marked by convenience and closeness to customers.

-UTI Bank Ltd. has informed the Exchange that at its meeting held on June 25, 2003 the BOD have decided the following: 1) To appoint Mr. A T Pannir Selvam, former CMD of Union Bank of India and Prof. Jayanth Varma of the Indian Institute of Management, Ahmedabad as additional directors of the Bank with immediate effect. Further, Mr. Pannir Selvam will be the nominee director of the Administrator of the specified undertaking of the Unit Trust of India (UTI-I) and Mr. Jayanth Varma will be an Independent Director. 2) To issue Non-Convertible Unsecured Redeemable Debentures upto Rs.100 crs, in one or more tranches as the Bank's Tier - II capital. -UTI has been authorised to launch 16 ATMs on the Western Railway Stations of Mumbai Division. -UTI filed suit against financial institutions IFCI Ltd in the debt recovery tribunal at Mumbai to recover Rs.85cr in dues. -UTI bank made an entry to the Food Credit Programme, it has made an entry into the 59 cluster which includes private sector, public sector, old private sector and co-operative banks. -Shri Ajeet Prasad, Nminee of UTI has resigned as the director of the bank. -Banks Chairman and MD Dr.P.J.Nayak inaugurated a new branch at Nellore. -UTI bank allots shares under Employee Stock Option Scheme to its employees. -Unveils pre-paid travel card 'Visa Electron Travel Currency Card' -Allotment of 58923 equity shares of Rs 10 each under ESOP. -UTI Bank ties up with UK govt fund for contract farming -Shri B S Pandit, nominee of the Administrator of the Specified Undertaking of the Unit Trust of India (UTI-I) has resigned as a director from the Bank wef November 12, 2003. -UTI Bank unveils new ATM in Sikkim 2004 -Comes out with Rs. 500 mn Unsecured Redeemable Non-Convertible Debenture Issue, issue fully subscribed -UTI Bank Ltd has informed that Shri Ajeet Prasad, Nominee of the Administrator of the Specified Undertaking of the Unit Trust of India (UTI - I) has been appointed as an Additional Director of the Bank w.e.f. January 20, 2004. -UTI Bank opens new branch in Udupi -UTI Bank, Geojit in pact for trading platform in Qatar -UTI Bank ties up with Shriram Group Cos

-Unveils premium payment facility through ATMs applicable to LIC & UTI Bank customers -Metaljunction (MJ)- the online trading and procurement joint venture of Tata Steel and Steel Authority of India (SAIL)- has roped in UTI Bank to start off own equipment for Tata Steel. -DIEBOLD Systems Private Ltd, a wholly owned subsidiary of Diebold Incorporated, has secured a major contract for the supply of ATMs and services to UTI Bank -HSBC completes acquisition of 14.6% stake in UTI Bank for $67.6 m -UTI Bank installs ATM in Thiruvananthapuram -Launches `Remittance Card' in association with Remit2India, a Web site offering moneytransfer services 2005 - UTI Bank enters into a bancassurance partnership with Bajaj Allianz General for selling general insurance products through its branch network. -UTI Bank launches its first Satellite Retail Assets Centre (SRAC) in Karnataka at Mangalore. 2006 -UBL sets up branch in Jaipur -UTI Bank unveils priority banking lounge 2007 -AXIS Bank Ltd has informed that consequent upon handing over charge as Administrator of the Specified Undertaking of the Unit Trust of India (SUUTI), Shri. S B Mathur, the Nominee Director of SUUTI has resigned as a Director of the Bank w.e.f. December 06, 2007. -AXIS Bank Ltd has informed that Fitch Ratings on December 14, 2007, has upgraded the Bank's National Long-term rating to 'AAA(ind)' from 'AA+(ind)'. -AXIS Bank Ltd hasappointed Shri K N Prithviraj as an Additional Director on the Board at Directors of the Bank. - Company name has been changed from UTI Bank Ltd toAxis Bank Ltd. 2008 - Axis Bank set up its branch at Ilanji at Meenakshi Nagar on the Coutralam-Madurai road on April 16. 2009 - Axis Bank today said its board has recommended the appointment of Shikha Sharma, currently chief of ICICI group's life insurance business, as its next managing director and CEO.

- Axis Bank has set up a new branch at Perumbavoor. The bank has a network of 832 branches along with 8 extension counters and 3622 ATMs across the country. - Axis Bank, on Wednesday entered into a strategic alliance with Motilal Oswal, the financial services firm, in order to facilitate the online trading for the bank's customers. - AXIS Bank Ltd has informed that the Board of Directors of the Bank at its meeting held on June 01, 2009, inducted Smt. Shikha Sharma as an Additional Director of the Bank. - Axis bank has received final clearance from the Securities and Exchange Board of India (SEBI) to begin its mutual fund operations and will launch debt and equity schemes soon whereas IDBI Bank is awaiting the regulator's permit for an entry. - Axis Bank opened the new branch at Irinjalakuda while it has a network of 892 branches, 8 extension counters and 3,806 ATMs across the country. 2010 - Axis Bank Limited has informed that at the meeting of the Board of Directors held on January 15, 2010, the following decisions were taken: (1) To appoint Dr. Adarsh Kishore, former Finance Secretary, Government of India and former Executive Director, International Monetary Fund representing Bangladesh, Bhutan, India and Sri Lanka, as the Non-Executive Chairman of the Bank, subject to RBI approval; (2) To appoint Shri S.B. Mathur, former Chairman, LIC and the National Stock Exchange of India, as an Additional Independent Director, with immediate

Profit & Loss A/c s of Axis Bank for the past 5 yrs
Profit and Loss
Rs. cr
Period & months 2009/03 13,550.95 2008/03 8,750.68 2007/03 5,461.60 2006/03 3,594.46 2005/03 2,299.23

INCOME Operating Income EXPENSES Financial Expenses Personel Expenses Selling Expenses Adminstrative Expenses Capitalised Expenses TOTAL OPER. EXPENSES OPERATING PROFIT

7,149.27 997.66 46.32 2,357.78 0.00 10,551.03 2,999.92

4,419.96 670.25 74.41 1,551.27 0.00 6,715.88 2,034.80

2,993.32 381.35 29.62 864.23 0.00 4,268.51 1,193.09

1,810.56 240.20 17.05 575.74 0.00 2,643.55 950.90

1,192.98 176.85 11.47 302.21 0.00 1,683.51 615.71

Other Recurring Income ADJUSTED PBDIT Provisions Depreciation Other Write offs ADJUSTED PBT Taxes ADJUSTED PAT Non-recurring items Other Non-cash Adjustments REPORTED PAT APPROPRIATIONS Equity Dividned Preference Dividend Retained Earnings

81.81 3,081.73 99.39 188.67 0.00 2,793.68 970.12 1,823.56 -8.20 0.00 1,815.36 420.52 0.00 2,948.71

13.86 2,048.66 69.48 158.11 0.00 1,821.07 734.86 1,086.21 -15.18 0.00 1,071.03 251.64 0.00 1,848.47

21.24 1,214.32 21.70 111.86 0.00 1,080.76 418.82 661.94 -2.91 -31.80 659.03 148.79 0.00 1,209.47

6.34 957.24 131.91 92.19 0.00 733.13 246.35 486.78 -1.70 0.00 485.08 112.55 0.00 569.94

34.52 650.24 62.46 81.58 0.00 506.20 180.03 326.17 -2.39 10.80 334.58 87.75 0.00 428.93

Balance Sheets of Axis Bank for the last 5yrs

Balance Sheet
Rs. cr
Period & months 2009/03 2008/03 2007/03 2006/03 2005/03

CAPITAL & LIABILITIES Owned Funds Equity Share Capital Share Application Money Preferential Share Capital Reserves & Surplus Loan Funds Deposits Borrowings made by the bank
359.01 1.21 0.00 9,854.58 117,374.11 10,185.48 357.71 2.19 0.00 8,410.79 281.63 0.00 0.00 3,120.58 278.69 13.44 0.00 2,593.50 273.80 13.42 0.00 2,134.39

87,626.22 58,785.60 40,113.53 31,712.00 5,624.04 5,195.60 2,680.93 1,781.41

TOTAL ASSETS Cash & Balances with RBI Money at call and Short Notice Investments Advances Fixed Assets Gross Block

137,774.38 102,020.95 67,383.41 45,680.09 35,915.01

9,419.21 5,597.69 46,330.35 81,556.76

7,305.66 5,198.58

4,661.03 2,257.27

2,429.40 1,212.45

3,448.74 1,827.27

33,705.10 26,897.16 21,527.35 14,274.95 59,661.14 36,876.48 22,314.23 15,602.92

1,741.86

1,384.70

1,098.93

898.68

764.78

Accumulated Depreciation 726.45 590.33 450.55 345.33 261.98 Less: Revaluation Reserve 0.00 0.00 0.00 0.00 0.00 Net Block 1,015.41 794.37 648.38 553.35 502.80 Capital Work-in-progress 57.48 128.48 24.82 14.37 15.64 Net Current Assets 3,745.15 2,784.51 1,892.07 1,679.98 2,071.38 Miscellaneous Expenses not 0.00 0.00 0.00 0.00 0.00 written off TOTAL 137,774.38 102,020.95 67,383.41 45,680.09 35,915.01

Exchange -- BSE , Starting date -- 3/2/2010 , Ending date -- 3/10/2010

Date 03/02/2010 03/03/2010 03/04/2010 03/05/2010 03/08/2010 03/09/2010 03/10/2010 Open Price
1,136.00 1,157.65 1,145.30 1,134.00 1,114.00 1,137.65 1,105.00

High Price
1,174.75 1,175.00 1,151.00 1,139.55 1,134.50 1,137.65 1,141.90

Low Price
1,133.00 1,142.45 1,112.50 1,098.20 1,107.00 1,108.85 1,105.00

Close Price
1,152.70 1,148.15 1,121.65 1,102.80 1,128.40 1,115.40 1,129.90

Traded Value (Cr.)

329,639,168 289,345,825 261,483,578 393,825,534 347,241,421 169,117,507 199,492,388

Traded Quantity
284236 250391 232530 353109 309586 151475 176845

Number of Trades
7660 8061 6631 8465 9314 4681 6660

Share Price

INDIAN BANK

Chief Executive Name Secretary Name Face Value Market Lot Business Group Name Incorporation Date Industry Name

Mr. M S Sundara Rajan Mr. A Ganesa Rathnam 10 1 Public Sector Not Available Finance - Banks - Public Sector

HISTORY OF THE COMPANY

2000 - Mrs. Ranjana Kumar assumed charge as the Chairperson and Managing Director of Indian Bank. - The Bank has launched its vehicle loan and consumer loan schemes in select cities viz., Bangalore, Chandigarh, Chennai, Coimbatore, Ernakulam, Hyderabad, Kochi, Madurai, New Delhi, Tiruchi and Thiruvananthapuram. - Indian Bank is a scheduled public sector bank. - Indian Bak will launch a `Specialised Loan Scheme' to individuals for the construction or purchase of flat or house. - Indian Bank has launched a new trade financing scheme. 2001

- Sterling Infotech Ltd has tied up with Indian Bank to help students obtain low-cost finance for the Carnegie Technology education software engineering course. - Indian Bank has entered into a strategic tie-up with HDFC Standard Life Insurance for distribution of the latter's life insurance products. - Indian Bank has launched a scheme called `Cash Management Services' for speedy collection of outstation cheques. - Indian Bank has contributed Rs 62 lakh towards the Prime Minister's Relief Fund. 2003 Indian Bank has associated with the M S Swaminathan Research Foundation (MSSRF), Chennai to sponsor a programme on agriculturists to be aired on the All India Radio. 2004 -Indian Bank gets best commercial bank award -Indian Bank on January 22, 2004, signed an agreement with Export Credit Guarantee Corporation of India to distribute the latter's credit insurance packages for exporters. -Indian Bank gets prize for granting loans to self-help groups (SHGs) in Andhra Pradesh -Indian Bank and Corporation Bank on July 12 signed an agreement to share their ATM network -Indian Bank join hands with TimesofMoney for remittance market -United India Insurance Company is launching `Arogya Raksha', a scheme to provide mediclaim coverage in association with Indian Bank

2005 -Indian Bank has signs the papers with the National Exchange Company of Doha, Mussandum Exchange Company of Oman and Abu Dhabi-based UAE Exchange Company for money transfer business -Indian Bank ties up with three overseas cos for money transfer --Indian Bank sets up new branch in Delhi 2006 -Indian bank in negotiations with LIC -Indian Bank sets up new branch in Mumbai -Indian Bank launches Bharat Card 2007 -Indian has appointed Shri. M S Sundara Rajan as Chairman and Managing Director of the Bankwith effect from June 04, 2007. 2008 - Indian Bank has appointed Shri. Anup Sankar Bhattacharya as a whole time director (designated as Executive Director). 2009 - Indian Bank has brought down its Benchmark Prime Lending Rate (BPLR) by 50 basis points to 12 per cent from 12.50 per cent with effect from June 1. Meanwhile, the bank has increased interest rates on FCNR (B) as well as NRE deposits effective from June 1.

PROFIT & LOSS OF THE COMPANY

Profit and Loss
Rs. cr
Period & months 2009/03 7,171.92 2008/03 5,561.44 2007/03 4,369.12 2006/03 3,495.99 2005/03 3,129.32

INCOME Operating Income EXPENSES Financial Expenses Personel Expenses Selling Expenses Adminstrative Expenses Capitalised Expenses TOTAL OPER. EXPENSES OPERATING PROFIT Other Recurring Income ADJUSTED PBDIT Provisions Depreciation Other Write offs ADJUSTED PBT Taxes ADJUSTED PAT Non-recurring items Other Non-cash Adjustments REPORTED PAT APPROPRIATIONS

4,221.82 979.76 8.86 355.60 0.00 5,566.05 1,605.88 491.13 2,097.01 226.44 84.56 0.00 1,786.01 540.76 1,245.25 0.07 0.00 1,245.32

3,159.08 967.39 12.21 667.82 0.00 4,806.50 754.94 543.26 1,298.20 -39.75 102.45 0.00 1,235.50 226.24 1,009.26 -0.52 0.00 1,008.74

2,412.62 878.67 16.74 381.28 0.00 3,689.31 679.81 547.53 1,227.35 277.94 64.21 0.00 885.20 124.44 760.76 -0.99 0.00 759.77

1,854.34 773.53 5.49 414.79 0.00 3,048.15 447.84 268.61 716.45 103.13 51.34 0.00 561.98 56.22 505.76 -1.28 0.00 504.48

1,567.00 188.59 11.02 434.07 0.00 2,200.69 928.63 174.42 1,103.05 191.11 30.82 0.00 881.12 22.97 858.15 -449.67 0.00 408.49

Equity Dividned Preference Dividend Retained Earnings

214.89 37.50 1,034.31

128.93 35.00 897.64

128.93 32.00 648.55

101.00 0.00 389.31

0.00 0.00 -3,421.66

Balance Sheet of the company

Balance Sheet
Rs. cr Period & months CAPITAL & LIABILITIES Owned Funds Equity Share Capital Share Application Money Preferential Share Capital Reserves & Surplus Loan Funds Deposits Borrowings made by the bank TOTAL ASSETS Cash & Balances with RBI Money at call and Short Notice Investments Advances Fixed Assets Gross Block Accumulated Depreciation Less: Revaluation Reserve Net Block Capital Work-in-progress Net Current Assets Miscellaneous Expenses not written off 6,211.58 472.24 6,432.94 339.88 3,729.45 1,088.30 2,302.99 2,504.36 1,962.04 610.30 2009/03 2008/03 2007/03 2006/03 2005/03

429.77 0.00 400.00 5,050.53

429.77 0.00 400.00 4,165.78

429.77 0.00 400.00 2,791.55

743.82 0.00 0.00 1,523.87

4,573.96 0.00 0.00 -2,695.58

72,581.83 61,045.95 47,090.91 40,805.52 34,808.44 530.78 1,283.24 1,936.45 1,887.29 724.59

78,992.91 67,324.73 52,648.68 44,960.51 37,411.40

22,800.57 21,915.07 20,877.73 19,017.00 17,920.99 51,465.28 39,838.72 29,058.12 22,484.64 18,380.11 2,194.17 604.52 1,255.62 334.03 4.57 1,577.85 0.00 1,050.72 516.87 215.23 318.62 5.42 1,441.81 0.00 966.67 416.82 219.45 330.40 1.33 843.87 0.00 886.00 373.23 223.71 289.06 5.98 807.53 0.00 762.33 322.25 227.85 212.23 9.31 707.75 0.00

TOTAL

78,992.91 67,324.73 52,648.68 44,960.51 37,411.40

SHARE PRICES
Exchange -- BSE , Starting date -- 3/2/2010 , Ending date -- 3/10/2010 Date Open High Low Close Traded Traded Number Price Price Price Price Value (Cr.) Quantity of Trades 03/02/2010 166.00 168.50 164.25 165.50 13,397,782 80395 561 03/03/2010 167.00 169.00 165.75 167.90 28,299,935 168597 737 03/04/2010 169.20 169.20 166.60 167.85 16,139,883 96209 904 03/05/2010 167.45 172.00 167.45 168.85 14,778,766 86995 858 03/08/2010 169.00 173.00 168.25 171.05 11,202,096 65734 719 03/09/2010 170.40 170.40 165.65 167.30 22,922,709 135454 608 03/10/2010 166.50 167.95 163.25 165.30 5,164,579 31059 470