D&B Top Banks 2015

Launch of Dun & Bradstreet
Indias Top Banks 2015
Friday, 28th August 2015,

Hotel Trident, Nariman Point, Mumbai
Mr. Suneel Aiyer, Chief Executive Officer, Writer Safeguard, Writer Corporation
Mr. Kaushal Sampat, President & Managing Director India, Dun & Bradstreet
Shri CH. Vidyasagar Rao, The Honourable Governor of Maharashtra
Mr. Sanjiv Anand, Chairman, Cedar Management Consulting
Mr. Rajiv Srivastava, President - HP India
Indias
Top Banks
2015
Indias
Top Banks
2015

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9th Edition
ISBN 978-93-82060-71-0
Contents
Preface . ................................................................................................................ I
Foreword............................................................................................................. III
Executive Summary..............................................................................................V
Methodology .....................................................................................................VII
Definitions & Calculations...................................................................................IX
Banking Industry Overview
Global Banking Overview.................................................................................................. XV
Indian Banking Overview.............................................................................................. XXVII
Insights.............................................................................................................. XLI
Experts Speak..................................................................................... E - 1 - E - 14
Listings....................................................................................................... L1 - L29
Bank Profiles....................................................................................................1-43
Public Banks................................................................................................................... 3-15
Private Banks................................................................................................................ 21-31
Foreign Banks............................................................................................................... 33-43
Abbreviation .................................................................................................45-49
Index .............................................................................................................51-52
Preface
Dun & Bradstreet India is happy to announce the launch of the ninth edition
of Indias Top Banks series Indias Top Banks 2015. Global economy is
showing signs of gradual improvement and forecasted to grow by 2.8%
in 2015 compared to 2.6% in 2014 according to World Banks report
Global Economic Prospects. Growth in high income countries is expected
to gain momentum while developing countries might face a broad-based
slowdown. India continued to show resilience with 7.3% GDP growth
in FY15 and witnessed a series of policy reforms leading to improved
business sentiment and foreign investment. However Corporate India
faced challenges from subdued global demand and a weak IIP growth in
FY15.
FY15 continued to remain a challenging year for the Indian banking industry
despite an improvement in its economic growth. The effect of the interest rate cut in early 2015 was
not much visible on the banking business in FY15 as the rate cut came in to effect only in Q4 FY15.
Consequently, aggregate business of the featured banks stood at ` 167,039.1 bn in FY15, registering
a decelerated growth of 10.2% in FY15 compared with 14.8% in FY14. Rise in risk aversion on account
of deterioration in asset quality and availability of alternative sources of funds led to weakened
growth in credit off-take. Credit growth of the featured SCBs decelerated from 14.5% in FY14 to 9.7%
in FY15. During FY15, many scheduled commercial banks reduced deposit rates on various maturities
affecting the growth of aggregate deposits. As a consequence, aggregate bank deposits managed to
record nearly 11% growth rate in FY15 compared to 15% in FY14.
Indian banks continued to combat asset quality issues. Scheduled Commercial Banks (SCBs) saw
deterioration in asset quality in FY15 due to sluggishness in the domestic economic growth during
the recent past and prolonged uncertainty in the global markets. The Net NPAs of the featured banks
registered a growth of 23.2% y-o-y in FY15.
The ninth edition of Indias Top Banks is an attempt to capture the growth pattern and performance
of Indias banking industry, and a platform offering a profile of its leading players. We are confident
that this publication will serve as an authoritative and useful ready reference tool for business leaders
globally.
I hope you will enjoy reading this edition. We look forward to receive your valuable feedback and
suggestions.
Kaushal Sampat
President & Managing Director - India
Dun & Bradstreet
Foreword
I am happy to announce the launch of the ninth edition of Dun & Bradstreets
publication Indias Top Banks on the Indian banking industry.
Global economic recovery is still underway as series of changes are
observed in the financial markets admist announcements of stronger
monetary policies in areas of stringent monitoring of government spending
and continued liquidity support. Although fiscal policies are aimed at
strengthening the economy, factors such as the Greeces debt crisis and
uncertainty over the timing of rate increases by the US Federal reserve
can act as possible channels for increasing the volatility of the global
financial market. This is expected to result in high financial stability risks for
companies across the world especially in the emerging markets as many of
them have borrowed heavily from international markets
Indian economy recorded 7.3% GDP growth in FY15 after recording two consecutive years of GDP
growth below 5%. Despite this, banks faced challenging times with high interest rate environment
along with risk aversion due to deteriorating asset quality and sluggish investment demand. However,
the sector did show some improvement in certain areas. The capital to risk-weighted assets ratio
(CRAR) of Scheduled Commercial Banks (SCBs) at the system level improved marginally to 12.9%
from 12.8% between September 2014 and March 2015; and concerns persist over capital adequacy
levels for meeting Basel III norms. The Reserve Bank of India has introduced a number of changes
in bonds issued under Basel III international banking norms. The revised norms allow banks to issue
tier-II capital with original maturity of at least five years, against 10 years earlier and widen the
investor base for additional tier-I capital bonds to include retail investors.
The Indian banking system is currently undergoing a phase of transformation. Key reforms such
as issuance of new license to two universal banks and 11 payment banks, change in the norms of
recapitalization of PSBs etc. taken towards improvement in corporate governance and financial
inclusion are expected to positively impact the banking industry. Establishment of new private banks
is expected to intensify competition, improve operational efficiency and contribute towards financial
inclusion. With government initiatives like the Pradhan Mantri Jan Dhan Yojana (PMJDY) and the
Micro Units Development and Refinance Agency Bank (MUDRA), as well as increased adoption of
technology, new processes such as direct benefits transfers, enhanced inclusive growth is expected.
Indias Top Banks 2015 will prove a key source of information that will provide the insights on the
Indian banking industry. Dun & Bradstreets global footprint and wider market reach will ensure
that this publication serves as an authoritative source of information on the banking industry. Our
endeavor is to meet your expectations and we look forward to your feedback and suggestions on this
publication.
Pawan Bindal
Director
Dun & Bradstreet India
III
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18/08/15
3:44 pm
Executive Summary
The ninth edition of the banking publication, Indias Top Banks 2015, highlights
the trends and developments of the Indian banking sector during FY15. The
publication, evaluates the performance of the featured 71 scheduled commercial
banks (SCBs) for the financial analysis section, comprising 26 Public Sector Banks
(PSBs), 19 Private Sector Banks and 26 Foreign Banks.
FY15 was characterized by the collapse of international commodity prices,
in particular of crude oil prices, reduced political uncertainty, and improved
domestic policy environment and increasing pace of reforms. However, despite
these positive signs, the performance of the Indian banks continued to remain
lackluster in FY15 with persistent pressure on asset quality.
Some of the key findings from our study include:
Credit growth of the featured (Scheduled Commercial Banks) SCBs decelerated
from 14.5% in FY14 to 9.7% in FY15, due to increased risk aversion on account
of deterioration in asset quality and availability of alternative sources of funds.
The growth in aggregate deposits decelerated to 10.5% in FY15 from 15% in FY14 due to lower deposit
mobilization as well as base effect i.e. high accretion to NRI deposits last year owing to fresh foreign
currency non-resident account (banks) (FCNR(B)) deposits mobilized under the swap scheme during Sep
to Nov 2013 to tide over the external financing requirements.
Total income of the featured SCBs registered 12.5% growth in FY14 which decelerated to 10.7% in FY15.
Gross interest income, which accounted for more than 88% of the total income of featured SCBs in FY15,
also recorded a decelerated 10% growth in FY15 as compared to 12% in FY14.
Net interest income (NII) of the featured SCBs recorded a decelerated 9.2% growth in FY15 as compared
to 11.2% growth in FY14.
Net interest margin (NIM) of the featured SCBs declined marginally from 2.53% in FY14 to 2.52% in
FY15. Lower share of low cost CASA deposits in total deposits in FY15 had an impact on NIM along with
weakened credit demand.
The Gross NPAs of the featured SCBs registered a growth of 22.6% in FY15 and the Net NPAs of the
featured SCBs registered a growth of 23.2% in FY15. In comparison the provisions for NPAs increased at a
slower pace of 21.3% y-o-y in FY15.
Overall Net NPA ratio increased from 2.1% as on Mar 31 2014 to 2.4% as on Mar 31 2015. In addition to
higher NPAs, aggregate restructured assets of the featured SCBs grew 26.5% from ` 4 tn in FY14 to ` 5.1
tn in FY15.
Net profit of featured SCBs recorded 10.5% growth in FY15 as compared to a decline of 11.3% in FY14,
driven on account of the base effect, write back of excess provisions held in investment portfolio and
decelerated growth in operating expenses particularly staff costs.
Going forward, to improve their performance banks would need to address the concerns of rising NPAs. With
the expectation of improvement in economic scenario and faster resolution of stalled infrastructure projects
it is likely to relieve some stress on banks asset quality. Some of the other factors that would lead to growth
of the Indian banking sector include technological innovation and digitization among others.
Dun & Bradstreet India will continue to track the performance of banking sector and keep the reader updated
on various developments through future editions of the Indias Top Banks.
Naina Acharya
Deputy Leader - Operations
Economic Analysis Group
Dun & Bradstreet India
V
Methodology
The publication Indias Top Banks 2015 features 71 scheduled commercial banks (SCBs), comprising
26 public sector banks (PSBs), 19 private sector banks and 26 foreign banks. The status of the banks
has been considered as enumerated by the Reserve Bank of India (RBI) during FY15. Banks with total
income of more than ` 1,000 mn for FY15 and operating for more than two years as on FY15 were
considered eligible for the publication. The group of PSBs includes nationalized banks and State Bank
of India and its associates. The publication excludes Co-operative Banks and Regional Rural Banks.
All the financial information in the publication is based on standalone financials, year ending March
2015, and has been sourced from the respective banks annual reports, financial statements, websites,
information provided by the RBI in its various documents and other authenticated secondary
sources.
Following RBIs approval for the merger of ING Vysya Bank with Kotak Mahindra Bank in April 2015,
ING Vysya Bank has been excluded from the publication.
Banks profiled in this publication have been listed on the basis of important parameters such as total
income, total business, net profit and total assets. The publication also encloses an industry review
that presents an analysis on aspects such as growth, profitability etc. In addition, the publication
also provides a brief section on insights on the featured banks derived from the in-depth analysis
from the recent developments and trends in the sector. The required information for these special
sections has been sourced from various secondary sources such as RBI, IMF, World Bank and Indian
Bankers Association (IBA).
Dun and Bradstreets standard format has been used for reporting information on the banks. Each
bank featured in the publication has been allotted a unique identification number (D-U-N-S Data
Universal Numbering System). This will help readers locate and obtain full-fledged information
reports on these banks from the Dun & Bradstreet database.
The editorial team is confident that Indias Top Banks 2015 will prove a useful guide on the banking
sector. It is our editorial teams persistent effort to provide accurate and updated information and
therefore would appreciate if our esteemed readers would keep Dun & Bradstreet regularly updated
regarding any changes in their banks, as and when they occur. We would be pleased to receive your
invaluable feedback and suggestions as well. Your satisfaction remains our goal in Dun & Bradstreets
journey towards excellence.
VII
Definitions & Calculations

This section defines the financial terms and ratios used for FY15 data in this publication.
Sr. No.
1
2
3
4
5
Particulars
Total Income
Net Profit
Total Interest Earned
Total Interest Expended
Net Interest Income
Net Interest Margin (%)
7
8
9
Net Profit Margin (%)

Total Advances
Total Deposits
10
Total Business
11
Total Assets
12
Networth
13
Return on Assets (%)
14
CASA Deposits
15
CASA Ratio (%)
16
Credit Deposit (%)
17
Gross NPA Ratio (%)
18
Net NPA Ratio (%)
19
Total Restructured Assets

Outstanding
20
Provision Coverage Ratio (%)
21
CRAR (%) Basel III
Formulae
Total Income as per Annual Report
Profit After Tax as per Annual Report
Total Interest Earned as per Annual Report
Total Interest Expended as per Annual Report
Interest Earned - Interest Expended
As per Annual Report
or (Net Interest Income/Average Assets)*100
(Net Profit/ Total Income)*100
Total Advances as per balance sheet
Total Deposits as per balance sheet
Total Advances as per balance sheet + Total Deposits as per balance
sheet
Total Assets as per Annual Report
Equity capital+Preference capital+Equity Equivalents+Reserves
& Surplus-Revaluation Reserve+Foreign Exchange Fluctuation
Reserve(not part of reserves & surplus)-Miscellaneous Expenditure
not written off-Deffered Revenue Expenditure-P&L Debit
Balance+Adjustments including for prior period and exceptional
items-Net Book value of intangible assets+Employees Stock
Options (Grants) Outstanding
For Aggregate: (Net Profit/Average Assets)*100
Demand Deposits + Savings Bank Deposits
[(Demand Deposits + Savings Bank Deposits)/ Total
Deposits] *100
(Total Advances/Total Deposits) *100
Gross NPA Ratio (%) as per Annual Report
For Aggregate: (Gross NPA to Gross Advance)*100
Net NPA Ratio (%) as per Annual Report
For Aggregate: (Net NPA to Net Advance)*100
Standard Restructured Assets Outstanding+Sub-standard
Restructured Assets Outstanding+Doubtful Restructured Assets
Outstanding+Loss Restructured Assets Outstanding
For Aggregate: Outstanding Provision/Gross NPAs closing balance
IX
Global Banking Overview

In 2014, the world economies grew at a modest rate of 3.4% with the growth in advanced economies picking
up from 1.4% in 2013 to 1.8% in 2014while growth in emerging and developing economies slowing down from
5% in 2013 to 4.6% in 2014. However, despite the slowdown, emerging market and developing economies
accounted for three-fourths of global growth in 2014.Factors which affected the activities and growth globally
in 2014 include global shocks, such as lower oil prices and country- or region-specific factors, such as exchange
rate swings triggered by actual and expected changes in monetary policies.
Trend in GDP growth (%)
Source: World Economic Outlook Apr 2015
In 2014, US economy grew at the rate of 2.4% supported by stronger recovery in the last three quarters with
an annual average growth of 4% mainly on account of steady job creation, income growth, lower oil prices and
improved consumer confidence. However, the Euro area registered a growth rate of 0.8% in 2014 as activity
was weaker than expected in the initial period of 2014 but showed signs of a pickup in the fourth quarter and
in early 2015, with consumption supported by lower oil prices and higher net exports.
Global inflation remains tame, although inflation rates are still elevated in a couple of developing economies
in transition. Inflation in advanced economies has declined from 2.7% in 2011 to 1.4% in 2014, reflecting the
decline in oil prices, softer prices for other commodities, and a weakening of demand in number of countries
such as the euro area whose inflation further reduced to 0.4% in 2014. Inflation in the emerging markets and
developing economies also declined from 5.9% in 2013 to 5.1% in 2014 with the exception of certain countries
such as Russia which are suffering from sizable exchange rate depreciations.
XVI

Trend in inflation (%)
Source: World Economic Outlook Apr 2015
Global banking scenario

The global financial crisis of 2008 exposed the weakness in the global financial system. Since the crisis, tighter
regulations on banks, both general and specific to their international operations, combined with a need to
clean up balance sheets have induced banks to cut back their international lending. International banks,
especially European banks have reduced their cross-border lending (direct lending to non-affiliated entities
in other countries) and shifted their focus more on multinational banking with more local and locally funded
operations. Other developments which took place in the international banking include reduction in the
number of branches and subsidiaries by international banks from certain market segments, the emergence
of new institutions to fill the resulting gaps, and some regionalization where global banks are replaced by
ones with a more regional focus. Along with decline in cross-border lending by banks, the international nonfinancial corporate bond issuances also surged mainly due to rapid increase in bond issuances from emerging
markets.
With the increased regulations in the banking industry, the global banks have started refocusing on their
core market and operations. To meet risk-based requirements, the banks have reduced risk exposures and
are reallocating capital to core businesses and markets, shrinking capital markets activities and rebalancing
their business models away from capital-intensive activities to more fee-based businesses. The banks are
also refocusing their geographical presence on fast-growing markets and on markets in which they have a
competitive edge.
Regulatory changes
During the global financial crisis, a number of banks in many countries either failed or received taxpayerfunded bailouts. Thus to prevent this type of global situation further in the future, a series of significant
regulatory changes to the international banking sector were introduced. These regulatory changes are made
to help manage systemic risk by strengthening capital, liquidity and leverage requirements for all banks.
As a part of regulatory change, Basel III, a framework which sets out global regulatory rules for bank capital
and liquidity was developed and agreed by The Basel Committee on Banking Supervision. Subsequently, the
phase-in of Basel III capital rules began in 2013.While these rules are being set internationally, the pace of
XVII

domestic implementation of these is not consistent around the world but most likely these will come in place
globally by 2019.
Basel III capital rules
Under this rule, the banks are required to hold capital equal to at least 10.5% of their total risk-weighted
assets by 2019. The global systemically important banks (G-SIBs) and domestic systemically important
banks (D-SIBs) are required to hold additional capital as failure of any from these set of banks can have a
significant impact on global and domestic economies.
Basel III Liquidity rules
These rules are set to ensure that banks have sufficient, high-quality liquid assets to withstand a period of
economic stress. The Basel Committee has developed two minimum rules for liquidity which includes the
Liquidity Coverage Ratio (LCR) having a 30-day horizon and the Net Stable Funding Ratio (NSFR) having a
time horizon of one year. LCR requirements will be phased in between 2015 and 2019 while NSFR will be
phased out by 2018.
Over 90% of the banks worldwide achieve capital ratio target of 7%
To enhance financial stability by strengthening regulation, supervision and practices of banks worldwide and
to provide a forum for cooperation on banking supervisory matters, Basel Committee on Banking Supervision
was formed. The Committee reports to the Group of Central Bank Governors and Head of Supervisions from
member countries. To assess the impact of the Basel III framework on banks, Basel Committee conducted a
study covering 224 banks worldwide.
Banks worldwide went on an overdrive boosting their capital ratios, eventually outpacing the targets implied in
the Basel III phase-in arrangements. As per the study conducted by Basel Committee on Banking Supervision,
all the97 banks in the large internationally active banks group (banks having Tier 1 capital of more than Euro
3 billion) displayed a Common Equity Tier 1 (CET1) ratio under Basel III above both the 4.5% minimum capital
requirement and the 7% target ratio (the minimum capital requirement plus the capital conservation buffer).
By June 30 2014, large internationally active banks, as a group, increased the average ratio of their CET1
capital to risk weighed assets (RWAs) to 10.8% from 9.5% as on June 30 2013.
Of the 114 banks in the other banks group, 99% reported a CET1 ratio equal to or higher than 4.5%; while 93%
also achieve the target of 7%.Other banks, as a group also reached the same average capital ratio levels of
11.2% as on Jun 31 2014 as compared to 9.1% as on June 31 2013.
Fully phased-in Basel III Common equity Tier 1 ratios (%)
Type of Banks
H1 2011
H2 2011
H1 2012
H2 2012
H1 2013
H2 2013
H1 2014
Large internationally active banks
7.1
7.7
8.5
9.2
9.5
10.2
10.8
Other banks
8.7
8.7
9.0
8.8
9.1
10.1
11.2
Source: Basel Committee on Banking Supervision
The major growth driver for the steady improvements in the regulatory capital positions of both advanced
economy and emerging market economies is the higher profits. Retained earnings were one of the major
contributing factors for 45% increase in large internationally active banks CET1 capital between mid-2011 and
XVIII

mid-2014. Increased capital coupled with declining risk-weighted assets has helped the CET1 regulatory ratios
increase from 7.1% to 10.8% over the same period.
Continued policy improvements and economic reforms coupled with greater efforts by the banks to strengthen
their capital position have led to the improvement in capital adequacy levels in various economies. Banks in
few of the advanced economies like UK, Canada and Germany exhibited decline in their capital adequacy
levels. Most of the Emerging market and developing economies including India, China and Brazil with the
exception of Russia exhibited increase in their capital adequacy levels. Among the BRICS nation, the aggregate
capital adequacy ratio of Russia decreased from 13.5% in 2013 to 12.5% in 2014 on account of increasing
NPAs from 6% in 2013 to 6.7% in 2014. Other BRICS nations including India, China, Brazil and South Africa
demonstrated increase in their capital adequacy ratio from 12.3%, 12.2%, 16.1% and 12.3% in 2013 to 12.5%,
12.4%, 16.7% and 12.5% in 2014 respectively.
Ratio of bank regulatory capital to risk weighted assets (%)
Country
2010
2011
2012
2013
2014
Advanced Economies
Australia
11.6
11.8
12.1
11.8
12.4
Canada
15.6
15.9
16.2
14.3
14.2
Japan
13.3
13.8
14.2
15.2
15.6
United Kingdom
15.9
15.7
17.1
19.6
16.6
United States
14.8
14.7
14.5
14.4
14.4
Euro Area
Spain
11.9
12.1
11.6
13.3
13.7
Greece
12.3
9.6
13.5
15.4
Italy
12.1
12.7
13.4
13.7
15
Portugal
10.3
9.8
12.6
13.3
12
Ireland
14.5
18.9
19.2
20.5
22.9
India
15.2
13.1
13.1
12.3
12.5
China
12.2
12.7
13.3
12.2
12.4
BRICS
Russia
18.1
14.7
13.7
13.5
12.5
Brazil
16.9
16.3
16.4
16.1
16.7
South Africa
15.2
13.1
13.1
12.3
12.5
Source: FSI Tables, April 2014 Database, IMF

Note: Data available for India, China, Russia, Spain, Brazil, Australia and Canada pertain to the year ended December; For United States, Greece, Ireland
and Japan it pertains to year ended September; For United Kingdom, Italy and Portugal, it pertains to the year ended June and For South Africa, it
pertains to the year ended January for the respective years
Leverage ratio which depicts the strength of banks balance sheet grew in line with the CET1 ratio on account
of increase in capital during mid-2011 and mid-2014. As per the study, conducted by Basel Committee on
Banking Supervision, 7 banks out of 97 banks in the large internationally active banks group and 10 banks
out of 115 of the other banks group did not meet the minimum Basel III leverage ratio of 3%.Moreover, the
fraction of banks that do not meet the Basel III Tier 1 leverage ratio is relatively lower in large internationally
XIX

active banks group (7.2%) than in other banks group (8.7%).By June 30 2014, the average fully phased-in Basel
III Tier 1 leverage ratio of large internationally active banks group increased to 4.6% from 4% as on Jun 30 2013
and the leverage ratio of other bank group also increased to 5.6% from 4.7% as on Jun 30 2013.
Fully phased-in Basel-III Tier 1 leverage ratios (%)
Type of Banks
H1 2011
H2 2011
H1 2012
H2 2012
Large internationally active banks
3.4
3.5
3.7
3.7
Other banks
4.3
4.3
4.4
4.3
H1 2013
H2 2013
H1 2014
4.4
4.6
4.7
5.2
5.6
Source: Basel Committee on Banking Supervision
Return on Assets remain stable in most of the economies

The Return on Assets (RoA), an indicator of banking systems profitability showed a mixed trend across the
economies. Among advanced economies, few economies like US and UK displayed deterioration in RoA while
other economies like Australia, Canada and Japan demonstrated a stable to modest growth in their RoA.
Among the Euro Zone, economies like Greece, Portugal and Slovenia has reported negative return on assets
due to impact on profitability driven by weak economic activities.
Amongst the BRICS countries, all economies except Russia have shown stable RoA in 2014. Russia has reported
sharp decline in RoA in 2014 as compared to 2013 due to increase in NPA (increased from 6% in 2013 to 6.7%
in 2014) and reduction in profitability.
Banks Return on Assets (%)
Country
2010
2011
1.1
1.2
2012
2013
2014
Advanced Economies
Australia
1.1
1.2
1.2
Canada
1.1
1.1
1.1
1.1
1.1
Japan
0.2
0.3
0.3
0.3
0.4
United Kingdom
0.3
0.3
0.2
0.2
0.5
United States
0.9
1.2
1.4
1.6
1.5
-7.3
-0.2
Euro Area
Slovenia
Greece
Italy
-0.2
-0.9
-1.5
-9.5
-1.8
1.4
-0.4
0.3
-0.9
-0.1
-0.8
0.1
Portugal
0.5
-0.3
-0.3
-0.7
-1.6
Ireland
-2.7
-0.9
-0.8
-0.4
0.1
BRICS
India
0.9
0.9
0.7
0.7
China
1.1
1.3
1.3
1.3
1.2
2.5
2.4
1.9
0.9
Brazil
Russia
1.9
1.7
1.4
1.4
1.3
South Africa
1.3
1.5
1.5
1.4
1.4
Source: Financial Soundness Indicators Tables, April 2014 Database, IMF

Note: Data available for India, China, Russia, Brazil, Australia, Slovenia and Canada pertain to the year ended December; For United States, Greece and
Japan it pertains to year ended September; For United Kingdom, Italy, Ireland and Portugal, it pertains to the year ended June and For South Africa, it
XX

NPAs on the rise in Euro zone
With the economy bouncing back after the crisis in few advanced countries, the asset quality of advanced
economies like US, UK has improved over the period of last four years. However, banks in the Euro Zone remain
burdened by the large and growing stock of non-performing assets (NPAs), which are largely the outcome of
corporate debt overhang and the economic slowdown. Asset quality continued to deteriorate in the euro area
as a whole in 2014 with total non-performing loans standing at more than 900 billion.
Furthermore, the stock of non-performing loans in the euro area is unevenly distributed, with about twothirds located in six euro area countries viz Cyprus, Greece, Ireland, Italy, Portugal and Slovenia. By the end
of 2014, these six euro area countries witnessed the soaring of their NPAs-to-total loans ratio to very high
levels, even to the extent of 10% or more. The situation was the worst in Cyprus with over 45% of its loans
marked as NPAs followed by Greece, with almost one-thirds (34.3%) of its total loans marked as NPAs. Ireland
(18.7%), Slovenia (11.7%), Cyprus (16.6%), Italy (17.3%) and Portugal (11.2%) also witnessed NPAs levels of
more than 10%. On the other hand, banks in the US and UK made steady progress in managing their NPAs. The
USAs banking sector posted steady declines in the aggregate NPA ratio, which fell to 2% by 2014 from 4.4%
in 2010. The UKs banking sector also posted declines in the aggregate NPA ratio from 4% in 2010 to 2.7% in
2014. Among the BRICS nation, the aggregate NPA ratio of South Africa banking decreased from 3.6% in 2013
to 3.3% in 2014 and Brazils NPA ratio remained at the same level at 2.9%. Other BRICS nations including India,
China and Russia demonstrated increase in their NPAs with their NPA ratio increasing from 4%, 1% and 6% in
2013 to 4.3%, 1.1% and 6.7% in 2014 respectively.
Ratio of Non-Performing Loans to Total Loans (%)
Country
2010
2011
2012
2013
2014
Advanced Economies
Australia
2.1
1.8
1.5
1.1
Canada
1.2
0.8
0.7
0.6
0.5
Japan
2.5
2.4
2.4
2.3
1.9
3.6
3.1
2.7
United States
United Kingdom
4.4
3.8
3.3
2.5
Spain
4.7
7.5
9.4
8.5
Greece
9.1
14.4
23.3
31.9
34.3
Euro Area
Italy
10
11.7
13.7
16.5
17.3
Portugal
5.2
7.5
9.8
10.6
11.2
Ireland
13
16.1
25
25.7
18.7
4.3
BRICS
India
2.4
2.7
3.4
China
1.1
1.1
Russia
8.2
6.6
6.7
Brazil
3.1
3.5
3.4
2.9
2.9
South Africa
5.8
4.7
3.6
3.3
Source: FSI Tables, April 2014 Database, IMF

Note: Data available for India, China, Russia, Spain, Brazil, Australia and Canada pertain to the year ended December; For United States, Greece, Ireland
and Japan it pertains to year ended September; For United Kingdom, Italy and Portugal, it pertains to the year ended June and For South Africa, it
XXI

The Way Forward
In advanced economies, to support the economic growth and to bring inflation to the target level,
accommodative monetary policy needs to be continued. The countries where fiscal position is in control should
increase the investment in infrastructure and the countries with high public debt should balance between
fiscal management and improving the economic activity.
The Euro zone is recovering but the recovery is turning out to be weaker than expected. The investments
are still well below pre-crisis levels and high unemployment, large debt burdens; higher real interest rates in
stressed economies, weak banks and contracting credit are continuously posing obstacles to the resurgence
of domestic demand. The Euro area where the unemployment rates are extremely high in certain economies
such as 53% in Spain and 44% in Italy, there is a need for a public policy supporting domestic demand to
combat low inflation and boost employment. The Euro Zone also requires the repairing of bank balance sheets
with implementation of a mechanism which can facilitate credit flowing across the borders and reducing
financial fragmentation.
In emerging market and developing, budget deficits and public debt levels are generally lower than in developed
economies. As commodity prices are expected to remain weak, government revenues of the countries whose
GDP is dependent on commodities is likely to remain subdued. Despite comparatively low public debt levels,
a more cautious attitude towards sovereign borrowing should be adopted by many developing countries.
Higher benchmark interest rates, volatile exchange rate and any change in appetite of investor to invest in
emerging markets may hamper the ability of developing countries to refinance their external debt.
XXII
XXIII
ECGC Ltd.
ECGC Ltd. (Formerly Export Credit Guarantee Corporation of India Limited) incorporated in 1957 has paid claims due to
non-payment by buyers from developed countries which forms around 60% of the total claim payment of which USA and
European Union (EU) constitute a major chunk. Over the last 58 years, ECGC has been striving to promote exports from
India with a vision to excel in providing cost eective export credit insurance and trade related services and to support
growing needs of the Indian export market. Export credit insurance in the form of Policies are provided directly to
Indian exporters to cover the risk of non-payment by the overseas buyer/country/bank and ECIB (Export Credit Insurance
for Banks) insurance cover are provided to banks in India to extend timely and adequate export credit facilities to the
exporters. ECGC supports and promotes MSMEs in a big way which is reected in the graph below. It is observed that
82% of policies issued under Short Term (ST) and 86% of accounts (92% of exporters) beneting under ECIB are MSMEs
including non status holder exporters.
The total risk value covered is ` 2,80,191 Cr. and the total maximum liability undertaken is ` 80,618 Cr. The breakup of
these is depicted in the pie chart given below.
ECGC is gearing up to extend all support to meeting the export targets set by government by tackling various challenges
and being responsive to the changing needs of the Industry. This resolve is backed by the highest claim paying ability duly
certied by the iAAA rating of ICRA.
Snapshot of Business Information
Number of Shipments Covered
Countries Covered
Banks having Export Credit Insurance Covers
Exporters nanced by Banks and covered by ECGC
Total no. of Buyers on record
No. of ECGC branches to serve Exporters and Banks
Data provided is for FY 2014 15
397048
197
78
16001
460342
58
Indian Banking Overview

The Indian banking industry plays a key role in the economic development and growth of the country and is
the most dominant segment of the financial sector. Indias banking system is classified into commercial banks
and co-operative credit institutions. Commercial banks include: 1) scheduled commercial banks (SCBs) and
non-scheduled commercial banks. SCBs are further classified into public sector banks (PSBs), private banks,
foreign banks and regional rural banks (RRBs). Co-operative credit institutions include the various co-operative
banks.
Trends in the Banking Industry for the past 3 years
Total credit off-take of all scheduled commercial banks (SCBs) increased at a compound annual growth
rate (CAGR) of 12% during FY12-FY15 to reach ` 65,364.20 bn as on Mar 2015
Total deposits of all SCBs increased at a CAGR of 13% during FY12-FY15 to reach ` 85,332.9 bn as on Mar
2015
The share of deposits-GDP (at current 2011-12 prices) rose from 66.9% in FY12 to 68% in FY15
Bank Credit to GDP (at current 2011-12 prices) stood at approximately 52% during FY12-FY15
Key Factors that impacted the performance of the banking industry
FY15 was characterised by slight improvement in economic growth with Gross Domestic Product (GDP) at
constant prices (2011-12) recording 7.3% growth as per CSO, MOSPI against 6.9% recorded in FY14
High inflation over the past few years has been one of the major concerns for the economy. The Reserve
Bank of India (RBI) had targeted to keep CPI below 8% by Jan 2015 and below 6% by Jan 2016. The
Reserve Bank of India (RBI) adopted the new CPI (combined) as the key measure of inflation, maintained
its disinflationary policy stance and was able to bring Consumer Price Index (CPI) down to 5.25% for Mar
2015 as compared to 8.31% in Mar 2014
The RBI revised its liquidity management framework from Sep 5, 2014, with more frequent 14-day term
repos and daily overnight variable rate repo operations, to ensure flexibility, transparency and predictability
in liquidity management operations
With the pick-up in economic growth, Index of Industrial Production (IIP) grew from a decline of 0.1%
during FY14 to 2.8% in FY15 due to decline in inflation and improvement in business sentiments
During FY15, banks reduced deposit rates on various maturities driven by decline in inflation. Deposit rate
for more than one year maturity dropped from 8.00%-9.25% in FY14 to 8.00%-8.75% in FY15
Base rate remained steady at 10.00%-10.25% during FY15
The RBI reduced repo rate by 50 bps (25 bps each) since Jan 2015 from 8% to 7.5% as on Mar 2015 to
improve credit off-take in the system
SLR was reduced by 50 bps in Q4 FY15 from 22.0% to 21.5%
Credit and deposit growth continued to remain sluggish
The growth in aggregate deposits moderated to 11.4% in FY15 from 14.1% in FY14 due to lower deposit
mobilization as well as base effect i.e. high accretion to NRI deposits owing to fresh foreign currency nonresident account (banks) (FCNR(B)) deposits mobilized under the swap scheme during Sep to Nov 2013 to
tide over the external financing requirements. Further, during FY15, banks reduced deposit rates on various
maturities which impacted the growth of aggregate deposits.
XXVIII

Similarly, growth of overall bank credit also decelerated in FY15. The increase in nonperforming assets (NPAs)
and corporate debt restructuring emerged to be major concerns for the economy during 2015. The corporate
sectors preference for raising finances through issuance of commercial papers (CP) and external commercial
borrowings (ECBs) also seemed to have impacted the credit off-take growth. The market for CPs gained
momentum during H2 FY15 with a growth of 49% y-o-y in Q4 FY15. Activity in the corporate bond market also
gained momentum in H2 FY15. Consequently, growth in credit off-take of all SCBs decelerated to nearly 9.5%
in FY15 from 13.9% in FY14. Increase in risk aversion due to deterioration in asset quality and availability of
alternative sources of funds resulted in moderation in credit off-take.
Trends in Credit-off take and Deposits Growth (y-o-y in %)
Source: RBI and Dun & Bradstreet Research
Non-food credit grew 8.6% during FY15 against 14.3% during FY14. The credit off-take to industry moderated
in FY15. The industry segment comprising MSME and large industries bore a major impact of the slowdown,
where credit growth decelerated to 5.6% y-o-y in FY15 from 13.1% in FY14. Slowdown in credit growth to
industry was seen in all major sub-sectors, except construction.
Deployment of Gross Bank Credit by Sectors
XXIX

Credit to the services sector witnessed decelerated growth of 5.6% during
FY15 compared to 16.1% during FY14. Credit growth towards personal loan
business was steady at 15.4% in FY15 and FY14. Deployment of bank credit in the
agricultural sector saw a rise of 15% in FY15 compared to 13.5% in FY14.
CRAR (Basel III) for all SCBs stood at a comfortable level of 13% during FY15
The RBI implemented the Basel-III capital regulation to enhance SCBs ability to absorb shocks from financial
and economic stress. The RBI extended the end date for full implementation to Mar 31, 2019. The regulatory
requirement for capital to risk-weighted assets ratio (CRAR) Basel III stood at 9% for FY15.
The CRAR of SCBs though met the regulatory requirement, declined marginally to 12.9% in Mar 2015 from
13.02% in Mar 2014. Public sector banks (PSBs) recorded the lowest CRAR among all bank-groups. Moving
ahead the banking industry, especially PSBs will require substantial capital to meet regulatory requirements
with respect to additional capital buffers.
Asset quality of all SCBs continued to deteriorate

Deteriorating asset quality has emerged to be a major concern for the domestic banking industry. The gross
non-performing advances (GNPAs) of all SCBs as a percentage of gross advances grew to 4.6% in Mar 2015
from 4.1% in Mar 2014. The net non-performing advances (NNPAs) as a percentage of the total net advances
for all SCBs grew from 2.2% as on Mar 2014 to 2.5% as on Mar 2015. Among bank groups, NNPA ratio of
PSBs grew from 3.1% in Mar 2014 to 3.2% in Mar 2015 and in the case of private banks, it grew from 0.8% to
0.9%.
GNPA ratio (%)
Continued pressure on profitability of SCBs eased during FY15

Net Interest Income (NII) recorded decelerated growth of 9.3% in FY15 as compared to 11.7% in FY14. The
share of NII to total operating income (TOI) of all SCBs dropped to 69.5% in FY15 from 71.1% in FY14. Among
all bank-groups, PSBs registered the highest share of net interest income to total income followed by private
banks. The share of NII to TOI dropped across all banks-groups, with PSBs recording the highest decline of
nearly 2.0 percentage points during FY15.
XXX

Trends in net profit growth (y-o-y in %)
Net profit growth which was showing a downward trend since FY11 improved significantly in FY15. Net profit
recorded significant growth of 11.4% during FY15 compared to a decline of 14.1% during FY14. Some significant
factors attributing to this growth included the impact of base effect, increase in treasury gains and write back
of excess provisions held in investment portfolio.
The Return on Assets (RoA) of all SCBs stood at 0.8% as on Mar 2015 and 2014, whereas, Return on Equity
(RoE) of SCBs decelerated marginally to 9.4% as on Mar 2015 from 9.5% as on Mar 2014.
Return on Asset and Return on Equity (in %)
XXXI

Focus on Financial Inclusion to continue to improve banking accessibility in rural areas
The RBI has advised domestic banks to adopt a structured approach to financial inclusion (FI) through
preparation of board approved FIPs. The first phase of FIPs was implemented over 2010-13. Banks were
advised to prepare fresh three-year FIPs for 2013-16 with the focus on enhancing the volume of transactions
in the large number of accounts opened. The launch of the FIP has aided in growth of banking outlets in
villages, grant of credit, and deployment of ATMs in rural areas.
Several policies have been implemented to promote financial inclusion such as the launch of the Pradhan
Mantri Jan Dhan Yojana (PMJDY) in Aug 2014 and the RuPay Card a payment solution. The Yojana envisions
universal access to banking facilities with at least one basic banking account for every household, financial
literacy, access to credit and insurance. PMJDYs benefits include a RuPay debit card, 1 lakh accident insurance
cover, and an additional ` 30,000 life insurance cover. It is a platform for Direct Benefits Transfer (DBT) which
will help plug leakages in subsidies.
As on Jan 2015, 123.1 mn bank accounts have been opened under PMJDY, of which 73.6 mn are in rural areas
and 49.5 mn in urban areas. Under the PMJDY, 67.5% of the accounts as on Jan 2015 are with zero balance.
The total number of banking outlets, opening of BSBDAs and small credits have grown significantly during
FY15 due to PMJDY.
XXXII

Progress on financial inclusion by banks
Year Ended
March 10
Year Ended
March 14
Year Ended
March 15
Banking Outlets In Villages - Branches
33,378.0
46,126.0
49,965.0
3,839.0
Banking Outlets In Villages - BCs
34,174.0
333,845.0
499,587.0
165,742.0
142.0
3,833.0
4,552.0
719.0
67,694.0
383,804.0
554,104.0
170,300.0
447.0
60,730.0
96,847.0
36,117.0
BSBDA-Through Branches (Number)
60.2
126.0
210.2
84.2
BSBDA-Through Branches (Amount)
44.3
273.3
363.7
90.4
BSBDA-Through BCs (Number)
13.3
116.9
187.8
70.9
BSBDA-Through BCs (Amount)
10.7
39.0
74.6
35.6
BSBDA-Total (Numbers)
73.5
243.0
398.0
155.0
BSBDA-Total (Amount)
55.0
312.2
438.3
126.0
Particular
Banking Outlets In Villages - Other Modes

Banking Outlets In Villages - Total
Urban Locations covered through BCs
Progess
April 14 - March 15
OD facility availed in BSBDAs (Number)
0.2
5.9
7.6
1.7
OD facility availed in BSBDAs (Amount)
0.1
16.0
19.9
3.9
KCCs - Total (Number)
24.3
39.9
42.6
2.6
KCCs - Total (Amount)
1,240.0
3,684.5
4,430.3
745.8
GCCs - Total (Number)
1.4
7.4
9.2
1.8
GCCs - Total (Amout)
35.1
1,096.9
1,301.6
204.7
ICT A/Cs-BC-Total Transaction (Number)
26.5
328.6
477.0
477.0
ICT A/Cs-BC-Total Transaction (Amount)
6.9
524.4
859.8
859.8
Source: RBI
In another development towards financial inclusion, the RBI issued guidelines for licensing of new banks in
the private sector in Feb 2013 and in Apr 2014, RBI granted in-principle license to two new banks to promote
rural expansion. The RBI also allowed banks to engage non-deposit taking NBFCs as business correspondents
to promote financial inclusion.
The RBI also issued the final guidelines to set up Payments Banks and Small Finance Banks in Nov 2014 to
further promote financial inclusion.
Banks recorded maximum addition of ATMs and offices in rural areas for inclusive growth in FY15
Banks are increasingly adding branches and ATMs in rural areas to tap these markets and for inclusive growth.
Total number of ATMs in India has grown to 181,252 as on Mar 2015 from 74,505 as on Mar 2011. As on Mar
2015, ATMs of all SCBs in rural and semi urban areas accounted for 44% share of the total ATMs in the country
compared to 41.6% as on Mar 2014. In addition of all the ATMs that were opened in FY15, around 39% were
in rural areas and 24% in semi-urban areas.
XXXIII

ATM Network by Area (% Share)
Total number of bank offices in India has grown to 125,863 as on Mar 2015 from 89,110 as on Mar 2011.
Offices in rural areas formed the largest share of 38% in FY15 along with the highest addition in the branch
network during FY15, both in absolute and percentage terms in rural areas.
Number of bank offices
Penetration of electronic payment modes is on the rise

The RBI has facilitated in the evolution of payments systems with the introduction of Payment and Settlement
Systems Act 2007, significant growth of RTGS, NEFT & ECS settlement systems and introduction of new channels
such as mobile in a regulated manner.
The RBI enacted Payment and Settlement Systems Act 2007 (PSS Act) to provide sound legal basis for the
regulation and supervision of payment systems in India. To make the PSS Act more effective, amendments
to provide finality to the determination of the payment obligations and settlement instructions between a
XXXIV

central counter party (the system provider) and system participants in the event of insolvency, dissolution, or
winding up of a central counter party have been added. The Payment and Settlement Systems (Amendment)
Bill 2014 has been passed by the Lok Sabha in the winter Session of 2014 and was passed by the Rajya Sabha
in Apr 2015.
The RBI to promote electronic payments in the country has continued its efforts in making the payment systems
safe, efficient, interoperable, authorised, accessible, inclusive and compliant with international standards.
Various initiatives for infrastructure enhancements have been undertaken including implementation of Trade
Receivables and Discounting System and the Bharat Bill Payment System.
The continued trend of greater acceptance in electronic payments over paper cheques was also seen during
FY15. Nearly 90% of the total settlement volumes have been carried out through retail electronic modes as
on Aug 2014. Transactions through RTGS have grown 14.4% and 2.7%, in volume and value terms respectively
in FY15. Retail electronic segment saw growth of 52.25% in volume and 36.59% in value during FY15. NEFT
volumes and values rose 40.3% and 36.58% respectively, during FY15. Debit card usage has registered a growth
of 16.36% in volume whereas credit card witnessed growth of 20.97% in FY15.
Distribution of settlement systems (% share in total by value)
XXXV

Distribution of settlement systems (% share in total by volume)
In volume terms, the no. of transactions handled through RTGS has increased to 92.78 mn during FY15 from
81.1 mn in FY14. In value terms, RTGS transactions have increased from ` 905 tn in FY14 to ` 929 tn in FY15.
Under the retail electronic payments the volume handled grew from 1,108.32 mn during FY14 to 1,687 mn
during FY15. Similarly, in value terms also, it has increased to ` 65 tn from ` 48 tn.
Further, the use of internet, social media and smart phones for banking has been on the rise on account of
growing internet and mobile penetration. During FY15, mobile banking services executed 172 mn transactions
valued at ` 1,035 bn, registering y-o-y growth of 82% in volume and 362% in value. Despite the high mobile
density in the country, there exists immense potential for leveraging the mobile technology to offer banking
services.
XXXVI

Trends in mobile banking
Period
Value
` trillion
Volume
y-o-y growth (%)
billion
y-o-y growth (%)
FY12
0.02
0.03
FY13
0.06
229.12
0.05
108.55
FY14
0.22
274.26
0.09
77.68
FY15
1.04
361.81
0.17
81.53
The Road Ahead for Banking Industry

Economic growth, infrastructure investments, financial inclusion, favourable demography & rising income levels
(which will lead to increased demand for banking services), rapid urbanisation, policy support, technological
innovation and digitisation are expected to drive growth in the banking sector.
Digitisation is a focus area for the Government and leveraging various digital technologies such as SMAC
(Social, Mobile, Analytics and Cloud) capabilities will facilitate banks in reaching out to new customers,
enhancing customer experience, gaining insights into customer behaviour and improving revenue generation
& operational efficiency. Growing internet, mobile banking and technology led distribution models is expected
to widen reach, reduce costs, protect margins and promote growth for banks.
Further, some of the key reform measures such as licensing of payment and small bank, change in the norms
of recapitalization of PSBs etc. taken towards improvement in corporate governance and financial inclusion
are expected to positively impact the banking industry. The implementation of Basel III capital regulation is
aimed at improving risk management systems and governance and make banks more capital efficient, thereby,
improving banking sectors ability to absorb shocks arising from financial and economic crisis. Establishment of
new private banks is expected to intensify competition, improve operational efficiency and contribute towards
financial inclusion.
With government initiatives like PMJDY and the MUDRA Bank, as well as increased adoption of technology,
new processes such as direct benefits transfers, enhanced inclusive growth is expected. A vast un-banked
population offers potential for growth and scope for innovation in delivery models. To bring rural population
under the banking ambit, the Government of India and RBI have prioritized financial inclusion. SCBs are
expanding their branch network to tap rural areas for further business opportunities. Rural banking is expected
to grow further moving ahead.
XXXVII
Case Study |
Successful integration of a MNC Bank

with a Regional Bank
About the Banks

Regional Bank: A leading commercial bank
in the UAE with assets worth ~USD 50 Bn,
350k customers & a strong presence through 43
branches & 180 ATMs in the UAE.
MNC Bank: A leading UK based multinational
bank with operations in UAE spanning Corporate,
SME & Retail segments; with 3 branches, 51 ATMs
& ~235k retail customers
Situation
Regional Bank had acquired the Retail & SME
business of MNC Banks UAE portfolio
MNC Bank needed 90 days to separate the retail
portfolio & transfer ownership across.
The integration had to be managed smoothly
without any customer service interruption
Cedar had assisted Regional Bank in conducting
a due-diligence of portfolio prior to making the
nal bid for acquisition.
Cedar was invited to help manage the complex
integration
Solution
Cedar leveraged its deep heritage in the Balanced
Scorecard the worlds leading strategy deployment
and performance management system & had
adopted an integration framework across the areas
of nance, customer, process, organization & IT to
drive the following:
Developed integration framework across
10 work-streams Integration PMO, Finance,
Customer, Product, Credit, Process, Channels,
Infrastructure, Organization (HR) & IT
Integration objectives identied for each
module using scorecard framework and workstream plans covering activities, tasks, timelines,
milestones, teams & deliverables
Overall migration planned in 4 waves Legal
Day 1 (Separation of retail portfolio), Channel
Integration, Liabilities Integration & Cards
Integration
Specialist resources assigned with internal

teams with periodic updates to governance
forums
Synergies assessed across all work-streams
& identied potential opportunities for revenue
enhancement & cost savings
Customer communication plan designed
across 5 products, and oversee the execution
including the target audience, content, channel,
frequency.
Product Integration: 20+ products evaluated
to determine the end-state product architecture
Process Integration: 80+ processes evaluated
to assess the impact on account of separation; 20+
impacted processes identied for development of
transition & end-state model
End-state operating model developed
for effective utilization of the acquired shared
service unit & centralization of all key back-ofce
processes;
Benets
Cedars structured methodology ensured successful &
timely integration. The results included:
WM Portfolio: Over 30% increase in number
of wealth management customers
Cards Market Share: Regional Banks Credit
Card Portfolio was amongst top-3 in UAE post the
integration, would have taken the Regional Bank
7 years to grow organically
People: Over 5,000 employees in the integrated
structure with ~20% increase in headcount
IT systems: 55+ applications replaced,
upgraded or consolidated
Seamless Migration: Smooth migration
experience for customers across 3 branches, 51
ATM/CDMs, Internet & Mobile banking channel,
and Call center
Cedar helped in successful integration of both banks
well within the dened timelines, well aligned across
all the work-streams in a seamless manner.
Case Study |
Successful Transformation of an Indian

Scheduled Commercial Bank
About the Bank

Scheduled Commercial Bank established in 1943,
with a network of less than 100 branches
Asset Base ~ INR 2k Crs & Business (Advances +
Deposits) of ~ INR 3k Crs as of March 2010
Concentrated largely in 3 states of India;
Maharashtra, Karnataka and Goa
Situation
Old age private sector bank with low growth rate
across areas
Strong rural and semi urban presence but
underutilized; limited urban & metro presence
Small / concentrated customer base; Limited
product portfolio
Need to strengthen human capital; Underinvested
in modern technology / infrastructure
Keen to transform into a modern New age private
bank from an old traditional bank
Solution
Cedar leveraged its deep understanding and
experience of the global and regional banking &
nancial services sector and its heritage and thought
leadership in Balanced Scorecard the worlds
leading strategy deployment and performance
management system cutting across the areas of
nance, customer, process, organization & IT to drive
the Banks transformation:
Market & Competitive Assessment:
Assessed overall opportunity & identied
implications for the bank from a market and
competitive standpoint
Transformation Strategy: Assessed banks
current performance & developed the way
forward strategy covering banks positioning,
customer & product strategy, distribution and
channel strategy, process framework, IT strategy
and nancial projections for 5 years
Organizational Assessment and Plan:
Developed a way forward organizational plan
including corporate and department structures,
well dened role, competencies and related

compensation
Strategy Implementation: Assisted the bank
with implementation & roll-out of strategy over
a period of 8 months across 6 workstreams
transformation plan, nancial budgets, customer
& product, process, credit & technology.
Benets
Cedars structured approach using the Balanced
Scorecard methodology and its signicant experience
ensured successful transformation. The results as of
March 2015 were as follows:
Assets: Grew by 10x over the last 5 years to
reach ~INR 30k Crs
Business (Advances + Deposits): Grew by
11x over the last 5 years
Branch Network: Doubled to ~200 branches
across 13 states over the last 5 years
Employees: Grew by 5x to ~ 4,000 employees
Recognition:
Awards
from
prestigious
organizations such as The Asian Banker,
BusinessWorld, World Economic Forum
Insights
In this section, Dun & Bradstreet analyses 70 Scheduled Commercial Banks (SCBs) featured in the publication,
based on the availability of their audited financial results for FY15 to gain insights on the key banking trends
and developments. These 70 banks comprise of 26 public sector banks (PSBs), 18 private banks and 26 foreign
banks. Dun & Bradstreet examined various parameters such as income growth, business growth, profit, and
asset quality among others to derive insights.
Key monetary policy rates during FY15
During FY15, RBI kept repo rate unchanged at 9% during the first nine months of FY15 but thereafter
reduced repo rate two times (25 bps each) and stood at 7.5% as on Mar 2015 to increase the credit offtake
in the system.
To ease liquidity pressure, RBI reduced SLR by 100 bps to 21.5% during FY15.
As a part of monetary transmission, deposit rate for more than one year maturity declined from 8.00%9.25% in FY14 to 8.00%-8.75% in FY1 5.
Cash Reserve Ratio (CRR) was kept unchanged at 4% of Net Demand and Time Liabilities (NDTL) during
FY15.
Insights Analysis
During FY15, domestic economic growth improved, inflation declined, the current account deficit and exchange
rates remained stable and interest rates softened. Gross Domestic Product (GDP) at constant (2011-12) market
prices registered 7.3% growth as per CSO, MOSPI against 6.9% recorded in FY14.
The Reserve Bank of India (RBI) adopted the new CPI (combined) as the key measure of inflation, maintained
its disinflationary policy stance and was able to bring Consumer Price Index (CPI) down to 5.25% for Mar 2015
as compared to 8.31% in Mar 2014. During FY15, WPI inflation for all commodities averaged stood at 2% as
compared to 6% in FY14. The decline in inflation was mainly due to a drop in food and fuel inflation.
Index of Industrial Production (IIP) grew from a decline of 0.1% during FY14 to a positive growth of 2.8% in
FY15 due to moderation in inflation and improvement in business sentiments.
Risk aversion and alternative sources of funds weakened credit growth in FY15
FY15 continued to remain a challenging year for the banking industry despite an improvement in the domestic
economic growth. The effect of the interest rate cut in early 2015 was not much visible on the banking business
in FY15 as the rate cut came in to effect only in Q4 FY15. Consequently, aggregate business of the featured
SCBs stood at ` 151,631.6 bn in FY14 and grew to ` 167,039.1 bn in FY15, registering a decelerated growth of
10.2% in FY15 compared with 14.8% in FY14.
During FY15, though, the public sector banks accounted for more than 75% share in total business, the private
sector banks outperformed peer groups in terms of business growth, registering 16.7% y-o-y growth (Public
sector banks registered 8.4% y-o-y growth and foreign banks registered 13.8% y-o-y growth). This also resulted
in a rise of private sector banks share in the total business from 19% in FY14 to 20% in FY15.
Credit growth of the featured SCBs decelerated from 14.5% in FY14 to 9.7% in FY15. Rise in risk aversion
on account of deterioration in asset quality and availability of alternative sources of funds led to weakened
XLII
Insights
growth in credit off-take. The corporate sector raised finances through issuance of commercial papers (CP)
and external commercial borrowings (ECBs) which had an impact on the banks credit off-take growth. The
market for CPs gained momentum during H2 FY15 with 49% y-o-y growth in Q4 FY15. Activity in the corporate
bond market also gained momentum in H2 FY15.
Bank group wise advances and y-o-y growth
Source: Dun & Bradstreet Research
During FY15, public sector banks registered a decelerated growth of 7.4% as compared to 14% in FY14. Whereas,
private sector banks and foreign banks registered an accelerated growth of 18.2% and 12.4% respectively in
FY15 as compared to 17.4% and 10% respectively in FY14.
Term deposits continue to dominate, however growth in term deposits lags behind CASA
The growth in aggregate deposits decelerated to 10.5% in FY15 from 15% in FY14 due to lower deposit
mobilization as well as base effect i.e. high accretion to NRI deposits last year owing to fresh foreign currency
non-resident account (banks) (FCNR(B)) deposits mobilized under the swap scheme during Sep to Nov 2013
to tide over the external financing requirements. Further, during FY15, many SCBs reduced deposit rates on
various maturities which may have affected the growth of aggregate deposits.
XLIII
Insights
Bank group wise deposits and y-o-y growth
All bank groups recorded decelerated growth in deposits except private sector banks. The growth in deposits
of private banks rose to 15.4% in FY15 from 14% in FY14. The public sector banks recorded decelerated growth
of 9.2% in deposits in FY15 from 14.8% in FY14 whereas foreign banks recorded the highest deceleration in
growth from 22.8% y-o-y in FY14 to 14.9% y-o-y in FY15.
Term deposits registered a decelerated growth of 10.3% in FY15 (16.3% in FY14) compared with 11.1% growth
(12.1% in FY14) in CASA deposits (demand and savings). The share of term deposits as a percentage of total
deposits for the featured SCBs marginally declined from 67.6% in FY14 to 67.4% in FY15.
CASA and Term Deposits as a % of Total Deposits
The share of CASA deposits as a percentage of total deposits improved marginally from 32.4% in FY14 to 32.6%
in FY15. Thus, the overall CASA ratio improved marginally from 0.32 in FY14 to 0.33 in FY15. The CASA ratio
of public sector banks and foreign banks almost remained flat at 0.31 and 0.35 respectively, whereas private
sector banks showed a marginal improvement from 0.38 to 0.39.
XLIV
Insights
Marginal moderation in credit deposit ratio in FY15
Credit deposit (CD) ratio marginally declined to 78.3% in FY15 from 78.9% in FY14 on account of superior
growth in deposits vis--vis advances. CD ratio moderated across all bank groups, except private sector banks,
which recorded an improvement in CD ratio from 84.5% in FY14 to 87% in FY15, indicating that private sector
banks have shown an increase in reliance on deposits for lending.
Bank group-wise CD Ratio
Bank Category
CD Ratio (%)
FY14
FY15
SCBs
78.9
78.3
PSBs
77.4
76.1
Private Banks
84.5
86.5
Foreign Banks
82.0
80.2
Deceleration in priority sector lending growth curtails credit expansion

Total lending in priority sector recorded decelerated 12.1% growth in FY15 versus 28.2% growth in FY14.
Among bank groups, private sector banks recorded the highest growth of 18.1% y-o-y in priority sector lending
in FY15 followed by PSBs with a 10.7% y-o-y growth and foreign banks at 9.1% y-o-y.
Priority Sector Lending as a % of Total Advances
The overall share of priority sector lending as a percentage of total advances grew to 30.3% in FY15 from
29.7% in FY14. In case of private sector banks it remained flat at 29.5% in FY14 and FY15 and foreign banks
showed a decline in the share from 28.2% in FY14 to 27.4% in FY15. However, PSBs registered an increase in
the share of priority sector advances as a percentage of total advances from 29.8% in FY14 to 30.7% in FY15.
XLV
Insights
SCBs register deceleration in total income growth in FY15
Total income of the featured SCBs registered 12.5% growth in FY14 which decelerated to 10.7% in FY15. Gross
interest income, which accounted for more than 88% of the total income of SCBs in FY15, also recorded
decelerated 10% y-o-y growth in FY15 compared to 12% in FY14.
Bank Category-wise: Total Income
All bank groups registered decelerated total income and interest income growth in FY15. However, private
banks outperformed peers by recording a higher total income and interest income growth of 14.1% and 13.4%
respectively in FY15. Total income and interest income of PSBs clocked the slowest growth of 9.7% and 9%
respectively whereas foreign banks registered a growth of 10.1% in total income and 9.9% in interest income
in FY15.
Although NII decelerated, SCBs managed to retain margins
Net Interest Income (NII) of the featured SCBs recorded a decelerated 9.2% growth in FY15 compared to 11.2%
growth in FY14. In FY15, public sector banks registered decelerated growth of 6.6% in NII compared with 9.6%
growth in FY14 and private banks recorded decelerated growth of 16.7% in FY15 (18.4% in FY14). Foreign
banks outperformed other peers with accelerated growth of 7.9% in FY15 (3.8% in FY14).
Bank group wise Net Interest Margin (NIM)
Bank Category
NIM (%)
FY14
FY15
SCBs
2.5
2.5
PSBs
2.3
2.2
Private Banks
3.1
3.2
Foreign Banks
3.3
3.5
XLVI
Insights
Net Interest Margin (NIM) of SCBs declined marginally from 2.53% in FY14 to 2.52% in FY15. Lower share of
low cost CASA deposits in FY15 had an impact on NIM along with weakened credit demand. NIM for public
sector banks declined from 2.3% in FY14 to 2.2% in FY15. However, private and foreign banks recorded an
increase in NIM in FY15. For private banks, NIM increased from 3.1% in FY14 to 3.2% in FY15 and for foreign
banks NIM grew from 3.3% in FY14 to 3.5% in FY15.
Deteriorating asset quality remains a major concern
SCBs saw deterioration in asset quality in FY15 due to sluggishness in the domestic economic growth during the
recent past and prolonged uncertainty in the global markets. The Gross NPAs of the featured banks registered
a growth of 22.6% y-o-y in FY15 vis--vis credit growth of 9.7% y-o-y in FY15. The Gross NPAs of the public
sector banks (PSBs) recorded a growth of 22.5% in FY15 while the growth in case of private sector banks was
comparatively higher at 37.3% y-o-y.
Further, the Net NPAs of the featured banks registered a growth of 23.2% y-o-y in FY15. The Net NPAs of the
private sector banks increased at a faster pace of 55.8% as compared to 22.7% growth in public sector banks.
Thus, overall Net NPA ratio increased from 2.1% as on Mar 31 2014 to 2.4% as on Mar 31 2015. The Net NPA
ratio of the PSBs increased to 2.9% as on Mar 31 2015 to 2.6% as on Mar 31 2014. Similarly, for private sector
banks it increased from 0.7% as on Mar 31 2014 to 0.9% as on Mar 31 2015.
Net NPA Ratio (%)
In addition to higher NPAs, aggregate restructured assets of the featured SCBs grew 26.5% y-o-y from ` 4
trillion in FY14 to ` 5.1 trillion in FY15. The restructured assets of private banks registered highest growth
of 36.4% among peer groups. Restructured assets as a percentage of total advances of the featured SCBs
increased from 6% in FY14 to 6.9% in FY15. PSBs registered the highest increase in the share of restructured
assets as a percentage of advances from 7.2% in FY14 to 8.5% in FY15.
XLVII
Insights
The growth in NPAs also reflects in the high growth in corporate debt restructured (CDR). As per the CDR cell, a
total of 530 cases of debt restructuring to the extent of ` 4,030 bn as on Mar 2015 were approved by CDR Cell
India. Aggregate debt restructured recorded 22% growth in Mar 2015 as compared with 44% in Mar 2014.
The contribution of five sectors in terms of live cases in CDR namely, infrastructure (19.95%), iron and steel
(19.71%), textiles (8.53%), EPC (7.32%) and power (7.16%) collectively accounted for 63% of the aggregate
debt as on Mar 2015. Iron and steel saw the highest increase in share over Mar 2014.
In comparison to the growth of 22.6% y-o-y in gross NPAs, the provisions for NPAs increased at a slower pace
of 21.3% y-o-y in FY15.
Despite a rise in the net NPA ratio in FY15, the provisioning coverage ratio (PCR), defined as provisions for
credit loss as a percentage of gross NPAs, recorded a marginal decline during FY15 for the featured SCBs from
44.6% in FY14 to 44.2% in FY15. Private Banks recorded the highest decline with PCR dropping from 63.3%
in FY14 to 58.7% in FY15. On the contrary, foreign banks recorded an increase in PCR from 73.2% in FY14 to
84.5% in FY15. Private sector banks, despite having better asset quality in terms of Net NPA ratio as compared
to PSBs, maintained higher provision covers of nearly 59%.
Deterioration in asset quality impacts the profitability of SCBs
Net profit which witnessed a decline in FY14 improved substantially in FY15. Net profit for SCBs recorded
10.5% growth in FY15 compared to a decline of 11.3% in FY14. The growth was mainly on account of the
base effect as well as increase in treasury gains, write back of excess provisions held in investment portfolio
and decelerated growth in operating expenses particularly staff costs. NPM of the featured SCBs marginally
declined to 8.32% in FY15 from 8.34% in FY14 due to deterioration in asset quality subsequently necessitating
higher provisions.
Bank category-wise: Net Profit Margin
XLVIII
Insights
Among bank groups, foreign banks registered accelerated growth of 26.5% in net profit in FY15 compared
to 12.9% growth in net profit in FY14. Foreign banks saw a rise in NPM from 17.1% in FY14 to 19.7% in FY15,
which may be attributed to an improvement in asset quality. Public sector banks witnessed a turnaround
in net profit growth from a decline of 26.8% in FY14 to 1.4% growth in FY15. However, NPM in case of PSBs
declined from 5.4% in FY14 to 5% in FY15.
Due to higher provisioning on account of deteriorating asset quality, the net profit of private banks decelerated
from 16.4% in FY14 to 15.8% in FY15. However, private banks were able to sustain NIM and accordingly private
banks saw a rise in NPM from 15.2% in FY14 to 15.5% in FY15.
Total assets of SCBs register a moderation in growth in FY15
Total assets of the featured SCBs registered decelerated growth of 9.6% in FY15 against 14.3% growth in
FY14. Among bank groups, private banks recorded accelerated growth of 15% in total assets in FY15 (13.5% in
FY14). However, PSBs registered decelerated growth of 9% in FY15 (14.4% in FY14) and foreign banks recorded
decelerated growth of 1% in FY15 (15.9% in FY14).
RoA (%)
Return on assets (ROA), an important indicator of profit generated from every asset unit, grew marginally from
0.73% in FY14 to 0.74% in FY15. PSBs registered a decline in ROA from 0.46% in FY14 to 0.43% in FY15. ROA
remained stagnant for private banks at 1.5% in FY14 and FY15 and for foreign banks increased from 1.4% in
FY14 to 1.7% in FY15.
The Way Forward
The prolonged economic slowdown during the recent past impacted the performance of the banking industry
which is reflected on business growth, asset quality and profitability. To improve performance and profitability,
banks would need to address the concerns of rising NPAs, mobilization of capital and financial inclusion. The
performance of the domestic banking industry going ahead would largely be impacted by economic growth
including infrastructure investments. Some of the factors that would lead to growth of the Indian banking
sector include financial inclusion, policy support, technological innovation and digitisation among others.
XLIX
Insights
Growth is expected to be boosted by key measures taken by Government and RBI, softening interest rate,
moderation in inflation, improving industrial production & investments, capital flows and financial market
conditions, reduction in current account deficit. With the expected improvement in economic conditions and
softening interest rates; credit demand is also expected to pick up. Faster resolution of stalled projects is likely
to help recovery of sectors like infrastructure and manufacturing and gradually alleviate some stress on banks
asset quality. The banking industry needs to address the concern of raising capital to meet the Basel III capital
requirements. With the implementation of liquidity coverage ratio and monitoring tools from January 2015,
capital conservation will assume greater importance.
Going forward, the banking industry is expected to see more participants and intense healthy competition
with the licensing of payment and small banks by RBI. With government initiatives like PMJDY and the MUDRA
Bank, increased adoption of technology, new processes such as direct benefits transfers, enhanced inclusive
growth is expected.
Cedar Management Consulting International

Mr Sanjiv Anand
Chairman
About Sanjiv Anand

Sanjiv Anand, the Chairman of Cedar Management Consulting International, is an alumni of NYU
Stern and Harvard Business School. He is the author of the successful book published by McGraw
Hill titled Unlocking Human Capital to Drive Performance: A CEOs Handbook
Sanjiv, why dont you introduce Cedar
to us today ?
We also hear that you have made a

recent acquisition?
Cedar is global consulting, research

and analytics firm with a network
of 16 offices worldwide, and over
1000 clients. Its heritage includes
being part of the former Renaissance
Worldwide, a $1 Billion consulting
firm HQ in Boston, whose founders
included the creators of the Balanced
Scorecard the worlds leading
strategy deployment and performance
management framework.
Yes, we are pleased to announce the

recent acquisition of IBS Intelligence,
UK one of the worlds leading research
and publications businesses in the
banking technology space covering
all the major banking technologies.
IBS has clients in 38 countries, and
we are hoping to turn it into the next
Gartner of financial technology in
the next few years. Wish us luck! Also
if you get a chance, please visit www.
ibsintelligence.com.
We understand that the banking sector

is a key area of focus for Cedar ?
You are absolutely right. We often say
that if you give us the banking license
and the capital and go on a holiday,
when you come back a year later, we will
have your bank ready to launch. Cedar
has worked with over 100 financial
services clients globally helping banks
transform from a strategic, customer,
products, credit, process, channel,
people and technology perspective.
As I mentioned pretty much in all key
areas of a bank. We have also recently
deepened our expertise in the sector
by incubating a new analytics division,
Cypress, with a focus on BI and
predictive analytics.
E-2
Have you been working in India in the

financial services sector ?
Yes, of course. Our recent assignments
includes assisting in the early
transformation of RBL Bank, now one
of Indias most recognized stories
of transforming an old bank into a
leading innovative one. As you know,
we cant exclude NBFCs as this is an
important part of the Indian banking
sector and IIFL is an example there.
Also the private equity industry has
been growing leaps and bounds and
we have helped significant global
PE funds make investments in India
over the last few years. Lastly it was
interesting working with entities like
NCDEX when they were in the early

stage of development.
Whats is your overall view on the
Indian banking sector ?
Clearly India is under-banked and
there is a desperate need to transform
existing banks in India, and allow for
the rapid creation of new ones. The
opportunity is not only there on the
consumer side, but importantly with
the SMEs which are an important
pillar of the nations economy. The
lack of credit is reflected in the rapid
growth of the NBFC sector at a faster
growth rate than the banking sector.
With a large geographic area to cover,
how do you ensure you are able to
provide services across the country?
While I do believe that there will still
be a need to deploy branches across
the country, in the coming days I
strongly believe that mobile banking
will become the big technology
disrupter, and the need for having
a branch network like more mature
markets have had in the past will no
longer be necessary as smart phones
prices follow below ` 7000 and 4G
networks get deployed.
Experts Speak
Balanced Scorecard
Thought Leadership
What about ensuring a great customer

experience ?
This is an issue, and I would have
hoped by now it would have been
addressed with all the technology
going into Indian banks. If you look at
the Turn-Around-Times (TATs) for key
customer transaction types in banks in
India, there is a lot to be desired. Our
clients in the Middle East have moved
to instant debit card, instant check
books, and instant credit approvals
all being done by cost-effectively
technology tools available for the
branch. Banks in India need to invest
in these tools quickly, at least for the
A category branches. None of this is
being held back by the regulator.
relationships with SME. That being

said, I have a simple approach to
assessing SME credit risk. Besides the
banking and cash flow statements
being important, do what private
equity funds do when they provide
equity capital. Carefully assess the
quality of the promoter. That in
my view the most important credit
assessment criteria almost 50%
of any credit score weightage. And
have great asset quality monitoring
mechanisms.
Going back to the SMEs, how does

one ensure there is lower risk in
lending to them ?
Firstly, a number of banks have
successfully mitigated some of
their risk by building strong liability
Experts Speak
E-3
HP India
Rajiv Srivastava
President
Your views on the importance of an

agile and flexible IT architecture in
banks as well as the key role of cloud,
mobility, big data analytics and
security.
Your opinion on transformations

banks will have to undergo in
order to meet the new age digital
customers expectations and maintain
competitiveness.
Banks face three key challenges

to become an agile bank: existing
application complexity, changing
customer behavior, and increasing
amounts of data. To address these
challenges and better serve customers,
banks need to create a strategy to
improve their core banking systems.
HP solutions provide a flexible and
agile infrastructure that allows banks
to offer new and innovative services
designed to retain customers and
attract new ones. The robust, highly
reliable and scalable solutions provide
unmatched value, lower total cost of
ownership and reduce administrative
burdens to enable staff to focus on
strategic initiatives. Additionally,
simplification and outcome driven
banking will drive the differentiation
and in turn drive loyal customers.
We have been successful in providing
unique experiences to banks in
Western Countries where you can
walk up to the ATM and print your
cheques. High quality smartphones
and tablets are biometric enabled that
can seamlessly recognize and establish
ones identity and auto authenticate
transactions. Banking does not need
to be a separate service enabling an
outcome, instead it needs to embrace
flexibility and become part of the
outcome.
As noted earlier, Banking needs to

be part of the outcome and to be
part of the outcome, banking sector
has to clearly redefine the platform
itself. Basically it needs to open up the
possibilities of working with different
ecosystem partners to develop and
integrate into different consumer
centric applications such that the
experience can be simplified and
contextualized.
E-4
Most banks began their digital journey

years ago and have clear digital
strategies, yet these banks are facing
major changes. Digital banking is not
just about online and mobile, digital
banking is more than transitioning
from analog to digital processes. It
is about being a digitalized business
that creates value and revenue from
digital assets. Digital is fundamentally
reshaping financial institutions but it
requires a structural change in banking.
The proliferation of smartphones has
created new opportunities for banks
to provide convenient customer
experience and is multiplying the
number of customers that can now be
reached. One key objective of digital
banking is to offer a secure, integrated
digital experience - for all customers
and partners across all channels (inbranch, at home, or on the road) that
drives loyalty and repeat business for
the bank. Many financial institutions
consider digital transformation as
a means to expand their customer
base and to provide new and better
services, but also to define their
future as they fight to stay competitive
among old rivals as well as new nonbank entrants in this digital age.
Financial inclusion is a priority in the

Governments agenda. According to
you, what are the challenges faced by
the banks? What role will information
technology play to fulfil the goal of
financial inclusion for banks?
In India, only 58% per cent of Indias
1.3 billion population is connected to a
banking system which leaves out more
than 40% of Indias population not
having access to the formal banking
system. The biggest gap we see is
in the rural areas as the traditional
model of banking through branches
is not an easy task here. In order to set
up branches across the rural territory,
one need to invest in a lot of resources
and it does not come across as a
viable solution. An efficient model to
cater to this challenge is to establish
a banking system through business
correspondents who would carry
out banking services in remote areas.
Information technology can support
this solution with relevant technology
such as tablets with an banking app
for the business correspondents. This
would enable the banking system to
reach out in a cost-effective manner,
making it viable for the Banks. An
additional benefit which such mobile
solutions such as a tablet can provide
is easy access to various peripherals
such as printers, biometric, smart car
reader, to enhance the usability of the
device to a micro-ATM.
Experts Speak
Experts Speak
E-5
Writer Information Management Services

Hitesh Gupta
CEO
How do you think is digitization

revolutionizing the face of Indian
banking industry? What are the
emerging opportunities for your
business and how does your company
plan to tap these opportunities?
Banks face an ever-increasing
need to deliver seamless customer
experiences. They also have to
deal with challenges related to risk
optimization, regulations, cost and
evolution of legacy system. To meet
the needs of the customers and stay
ahead in competition, banks require
sophisticated and scalable business
intelligence tools that can help them
to ensure faster execution.
Managing an ever growing stream
of records, compliance adherence
& risk management are some of the
biggest data related challenges for
any organization. And as the world
becomes more digital in nature,
an ever growing issue for records
management is the conversion of
existing or incoming paper records to
electronic form. Such conversions are
most often performed with the intent
to not only save storage costs & space
but also in hopes of reducing records
retrieval time and ensuring best of
Banks services.
Our
Information
Management
framework addresses your physical
records management needs by
ensuring world class records storage
facilities and predictable retrieval
services. And at the same time ensures
digitisation, data processing services,
DMS & workflow development
and Hosting & Managed Services.
Thus, Banks can focus on their core
businesses with a secure and scalable
data management model, available
whenever and wherever, for real
time decision making and profitable
E-6
growth! Writers domain knowledge

and software development capabilities
span a complete life cycle of data. This
helps us to deploy apps that audit-trail
documents from pickup to digitization
to archiving to any other value added
services of the documents life cycle.
We offer the following solutions:
Complete DMS & Business
Process Management solutions
for Banking processes.
Data management and data
transcription projects.
Data Processing capabilities data entry / manpower supply.
Centralised Content Management
services like data entry, content
audit, KYC etc. of images
generated.
software solutions are delivered as

SaaS deployments and this enables
our Banking Customers to deploy
applications at a faster and cost
effective rates.
And this enables us to deliver a wide
range of services:
Records management and secure
storage services for sensitive
assets of banks.
End-to-end data processing and
digitization of retail assets and
liability products.
Welcome Kit, PDC management
and loan closure related
processes.
Digitization, DMS enablement
and hosting of images on DMS
applications.
for
KRA and other Regulatory audit

support.
Secured Destruction Services of

end of life documents and tapes.
Data tape media storage and

logistics between the Banks IT
set-up and DR site.
Secured Data Logistics

documents and data tapes.
Banks are having huge amount

of data pertaining to customers
investment and transactions. In your
opinion, what role has been played
by information management service
providers to help the bank to take the
optimal advantages of the available
data to achieve their operational
efficiency and reach?
Our value to the Banking sector is
through our Information Management
technology solutions/services and
pan-India coverage. With a deep
understanding of financial processes,
we deliver data governance needs
of reputed banks across India. We
work with the objective to help banks
focus on core business activities and
enhance customer experience. Our
Implant services.
For our Customers this is the Writer
Advantage:
Leadership across all business
lines.
Scalable network of Information
management centers across
India.
Robust technology built in
house to deliver customised
information solutions across the
lifecycle to enable real time
access.
Range of services and solutions
to take care of your every
Information Management need.
Comprehensive Risk management
Experts Speak
solutions from setting risk

frameworks
to
periodic
assessments to immediate action
to protect your assets at all
times.
Statutory Compliance and Data.
Quality Assurance teams to set,
measure and monitor standards
to meet and exceed our customer
deliverables.
Single point of contact through
our Key Account Management
Program to deliver consistent
services across the network.
What is the contribution of banking
and financial services in driving your
business growth? Please elaborate
on the range of services you provide
to your Banking customers.
We believe that Banking sector is
entering into phase of increasing
growth, increasing competition, cost
optimization and financial/social
inclusion. Changing regulations and
the need for technological innovations
will necessitate the need for risk
management and effective monitoring.
This will drive up demand for Records
and Information Management and
we are uniquely positioned to partner
Banking Industry in this endeavour.
The positive vibes sent out by new
Government has given an impetus to
further growth of this industry and
this is bound to infuse unprecedented
enthusiasm within the industry.
Writer Information is clearly ahead
of this growth curve creating new
markets and newer milestones with a
market share of over 50%. PSU Banks
have started outsourcing records
management and other related
service and we serve almost all these
PSBs with the mandates to open up
new Branch locations to serve their
semi-urban and rural reach. We are
also one of the largest records storage
& secure Digitization service provider
to this sector and we will be one of
the key investors over the next few
years on Information Management
Centers with other important infra
& safety components and thats the
Experts Speak
Writer Advantage our customers can

leverage on.
Our leadership is synonymous with
the innovations that we have
brought into this sector. We have
provided tailored solutions for
some of the largest players to
enable streamline their operations
in the most cost-effective manner.
We deliver world class DMS and
Business
Process
Management
solutions that helps automate
and bring in efficiencies to various
Banking processes. Our foot print
covers more than 90% of Indian
Territory with over 9000 touchpoints. We deliver services from our
22 Facilities across the country with
processes that have ISO 9001 and
ISO 27001 accreditations. We have
created completely new class of
storage solutions with customized,
environment-controlled and multilayered security for the emerging
needs of safe handling of high value
documents of various asset classes.
We offer specialized services like
Indias first P4 Level Secured
Destruction for highly confidential
documents, logistics services for
media tapes, specialized content
audit,
Records
Management
consulting and even data centre colocation.
Please elaborate on the CAPEX plans
of your company for the next 2-3
years?
We continue to invest in newer
Information Management solutions
and capacity expansion to cater to
our Banking customers increasing
business needs. We are investing
over ` 2.5 billion in state of art
facilities, storage capacity expansion,
Information
technology
and
branches at new locations. And these
investments enable us to deliver
OPEX solutions & services for our
Banking Customers expansion plans.
We are also vigorously pursuing our
international expansion plans and
soon our presence will be felt in the
Middle East and in some of the Asian
markets.
E-7
Writer Safeguard
Suneel Aiyer
CEO
Kindly brief us about Writer

Safeguards key achievements in the
recent past.
Over the past few years, we have made
a significant progress in expanding our
portfolio of products and services. We
have grown by almost 50% in managing
the ATMs and by about 40% in the
Retail Cash Management as compared
to previous year. We are half way
through our ATM deployments for end
to end deployment and management
of the ATM network for a leading
public sector bank thereby moving
up the value chain in the payment
space. We have also made in-roads
in operationalizing cash processing
centers for some of our partner banks
in the private sector. Apart from
this, we have invested heavily on the
technology and network expansion
projects over the past year. Presently
we have a significantly larger footprint
across the country with presence in
over 800 locations in comparison to
350 locations couple of years back.
On the technology front, we have
setup and operationalized our 24X7
command center operations. We
have successfully extended our hand
held technology from Retail cash
management to ATM operations and
endeavor to complete full roll out
before the end of this financial year.
What are the major challenges
faced by the banks in terms of cash
management? What role has been
played by the cash management
solution providers to overcome these
challenges for the banks?
One of the biggest challenges that
the banking industry is facing is the
increasing cost of Cash. Currently,
the cost of cash is distributed across
logistics cost and built in inefficiencies
E-8
in optimization of cash in circulation.

Many initiatives have been taken by
the banks to reduce the logistic cost
and it has reached a stage where
further reduction seems difficult
rather with the expanding network
of banks and ATMs into Tier 3, Tier 4
cities and increasingly putting pressure
on the costing. However in the cash
optimization space, slight work has
happened in driving efficiencies
through algorithm based softwares
and just in time inventory planning
for supply of cash to branches and
ATM. WSG offers a suite of services
which includes end to end cash
forecasting, optimization and creating
a logistical network to drive Just in
time inventories. We propose to
optimize and bring in efficiencies in
Cash in Circulation ranging between
20 - 40% through our uniquely
designed customized solution.
According to you, what are the
opportunities available in the Indian
banking industry? How are you
planning to tap these opportunities?
We are very optimistic on the future
outlook of the industry as newer
opportunities and avenues are
opening up in the banking industry.
Both Private and Public sector banks
are outsourcing their Cash Processing
centre
operations,
increasing
requirement in the market for
improvement of cash efficiencies and
reduced cycle time for cash circulation,
automation in the branch banking
space through automation of Cash
deposits, Cheque processing kiosks ,
Cash recyclers etc. There is significant
opportunity for growth and expansion
in the Cash logistics, cash processing,
cash optimization, cash forecasting
and payment processing space.
What measures do you expect should

be undertaken by RBI to strengthen
the Cash Management industry?
With the increasing incidents of
looting at ATM and hijacking of cash
vans, Cash Management companies
identified the need to have regulation
for the industry. In view of the same,
WSG along with other major Cash
management companies initiated
forming an Association Cash Logistics
Association (CLA) with the objective
of discussing relevant issues with
authorities. CLA did a detailed study
and identified the reasons causing
certain issues like lack of prescribed
minimum eligibility standards for
the existing Cash management
companies and the new entrants,
delay in issuance of arm license
which resulted in cash transportation
without armed security guards, no
direct agreement between banks and
the CRAs, delayed dispute resolution
and payment settlements. Basis on
the study, conducted a detailed list of
recommendations were presented to
RBI to enable them to issue guidelines
to the bank while outsourcing their
cash related activities. We firmly
believe that issuance of certain
guidelines will help the industry to
have standardized operation in a
safe manner. This would also ensure
security for the people who handle
cash. It will benefit all the parties
involved, i.e. Cash Management
industry, Banks and their depositers
as the cash in transit is public money.
Experts Speak
Experts Speak
E-9
Electronic Payment and Services Private Limited

Prakash Joshi
Chief Operating Officer
According to you, what are the major

factors that will drive the transition of
cash to cashless- services especially
in India?
Indias economic scenario is observing
a major shift in terms of developing
India into a cashless society from core
cash based, majorly to curb the flow
of black money. This transition, takes
place when the flow of cash within an
economy is non-existent and majority
of the transactions have to be through
electronic channels such as direct
debit, credit and debit cards, electronic
clearing, payment systems such as
Immediate Payment Service (IMPS),
National Electronic Funds Transfer
(NEFT) and Real Time Gross Settlement
(RTGS) in India. The country continues
to be driven by the use of cash, where
less than 5% of all payments happen
electronically. This is due to lack of
access to banking for a large part of
the population as well as cash being
the only means available for many.
While cash remains the preferred
choice, there has been a big build-up
in the payments infrastructure.
With the growth of mobile and
internet payment, there has been
a cultural change in the behavior of
people. With the changing industry
trend and consumer response, the
major factors hover around strong
IT infrastructure, realistic security
measures against malware attacks
E - 10
and
fraudulent
circumstances,
efficient bandwidth consumption,
quick dispute resolutions with lower
turnaround. With effective customer
education and user-friendly device
applications, the whole ecosystem will
be integrated to create a value chain.
What are the key domain areas
within the payments service market
that has witnessed a radical growth
in India? In your opinion what are
the major factors contributing to this
growth?
With the Digital India campaign
foreseeing a tremendous growth
opportunity in the banking and
payments domain, there are already
over 1 million point of sale terminals,
over 500 million debit and 20 million
credit cards, thus increasing debit card
transactions, with over 100 million
added under the Prime Ministers Jan
Dhan Yojna. Also with the E-commerce
companies growing at 50% per annum,
and modern innovations like Near
Field Communication and Smart Card
technology, we are witnessing a radical
changeover in the entire network.
This empowers the user with better
cost benefit analysis, faster service at
affordable price points. The advent of
ATM, internet and mobile payments
systems, has captured mindshare and
gathered momentum from traditional
platforms. Along with the exponential
rise of debit card usage, geographical

spread of machines to reach out to
the right customer base, we are thus
catering to the consumer base by
increasing access with speedy and
secured connectivity.
According to you, what are the
opportunities available in the Indian
banking industry? How are you
planning to tap these opportunities?
The Indian Banking industry is
currently worth USD 1.31 trillion and
banks are now utilizing the latest
technologies like internet and mobile
devices to carry out transactions
and communicate with the mass.
From gradually transforming from
a cash based banking platform,
to a cashless one, as according to
estimates, the direct cost of running
a cash-based economy is close to
0.25% of Indias GDP. The benefits of a
cashless economy are for individuals,
too where there is less of queues
outside ATMs, no cash out during long
holidays, no waiting for a deposited
cheque to be credited and no risk of
carrying currency notes in the wallet.
Therefore, to facilitate the above
factor, we adhere to streamline our
focus predominantly in the ATM/POS
space with robust cash deposition
and cash recycling machines. We are
also looking at categories such as bill
payment terminals, mobile wallets,
Experts Speak
tab banking, prepaid cards and ECommerce portals.

Financial inclusion is a priority in the
Governments agenda. According to
you, what are the challenges faced
by the banks in executing this? How
can your company help the banks to
achieve the target of the financial
inclusion?
In a country inhabited with over
1.2 billion people of which 40% are
unbanked, introduction of Financial
Inclusion has been a key driver to
access the unbanked as well as the
under-banked section in a broader
expanse. Though it has pros of
EBT(Electronic Benefit Transfer) along
with educating the mass with banking
features, necessary KYC norms and
various concepts of managing funds,
Financial Inclusion also faces many
challenges, typically in its reach where
the rural section is still untapped.
Financial illiteracy due to lack of primal
education, poor living standards,
friction in terms of documentation
for banking products etc. Cost benefit
analysis for banks does not work as
economically it becomes unviable.
Lack of proper infrastructure in power
transmission in rural and semi-urban
locations make it a challenging task,
thus leading to lowering of electronic
transactions
through
alternate
channels i.e. ATMs / POS. In order to
Experts Speak
address the concern of 6-8 hours of

power cuts which directly impacts
ATM services to the rural population
of India, EPS has proactively
implemented solar systems to ensure
our ATMs stay up and running. To
cater to the needs of rural India, we
would also be deploying mobile ATMs
to increase the ease of banking.
Your opinion on transformations,
competitiveness?
Indias digital vision explicates how
banks are migrating towards a truly
digital economy where businesses
are reinventing their delivery
channels to provide value to their
customers. This phenomenon of
digital transformation has impacted
the banking and financial sector in
a big way. An increasing number of
customers are choosing to make
their payments online through their
computer screens or mobile devices.
This stage of connectivity is driving
digital payments transformation the migration of cash payments and
plastic card payments to payments
made over digital channels, either
from digital wallets or through new
digital payment mechanisms.
The rising digital economy presents
a tremendous business opportunity
for banks to tap in to, and private

banks are rising to the occasion. In a
multi-channel ecosystem, the ability
to engage the customer through the
most relevant channels has become
key to predicting customer behaviour,
maximising customer value, and as
a result, creating newer and deeper
revenue streams for banks.
Industry players have been quick to
seize the digital opportunity, with
many banks launching their own
payment applications that integrate
big data analytics with the mobile
interface. E-commerce players like
Flipkart and Snap deal have their
own payment gateways, and the
digital wallets industry is replete with
entrants like Apple Pay, Google Wallet,
Samsung Pay, Mobikwik, Paytm, etc.
As opportunities flourish, a successful
digital transformation, by banks
will require execution excellence,
controlled risk-taking, innovative
distribution and careful customer
relationship management. More
importantly, however, it will demand
solid understanding of the facets
that truly distinguish this market
from others and a genuine openness
to innovation and building strategic
alliances. The world of digital
payments is fast evolving and industry
stakeholders must take concrete
strategic steps to position themselves
strongly within it.
E - 11
Indian Institute of Banking & Finance

Dr J N Misra
CEO
In the current scenario it has been

observed that asset quality of Indian
banks has been deteriorating. In your
opinion, what are the main reasons
for the same? How can the banks
improve their asset quality?
The Financial Stability Report published
recently has mentioned that the total
stressed advances of SCBs (scheduled
commercial banks) in India which was
10.7% of total advances in September
2014 have increased to 11.1% in
March 2015. Stressed assets include
gross non-performing assets (GNPAs)
and loans that have been restructured
by banks.
A major concern for banks relates to
Non-Performing assets (NPAs). The
reasons for an increase in the NPA
levels will be on account of both
internal and external factors. Internal
factors would include inadequate
appraisals, lack of desired monitoring,
subprime borrowers etc. External
factors would include interalia, lag
in economic growth, loan waivers,
inadequate earnings of the corporate,
poor monsoons etc.
Some experts opine that an
improvement in asset quality of
banks may be visible only after the
government take steps to provide
the required impetus to boost the
economy which will include higher
public spending and quicker approvals
for large infrastructure projects. These
measures may improve the investment
cycle and stimulate demand.
Banks have to reduce the incidence
of NPAs by adopting several measures
which would include the following:
Sharper post sanction monitoring
early identification of weakness, quick
action and speedy resolution including
evaluation of exit option
E - 12
A technological solution for

sharing of information of
defaulters among banks even
for small loans will help as
this will enable banks not to
consider requests for fresh or
supplementary credit limits from
defaulter borrowers
An effective legal framework for
speedy realisation of receivables
Development of a vibrant bond
market
An appropriate bankruptcy law
should be in place
Bottlenecks in implementing
DRT and SARFESAI Act are to be
removed
Financial Inclusion is a priority in the
Governments agenda. Accordingly to
you, what are the challenges faced by
the banks in executing this and how
can banks meet this target?
Financial Inclusion is in a mission
critical mode. The Pradhan Mantri
Jan Dhan Yojana has been launched
during the last year to achieve
comprehensive financial inclusion.
In order to achieve this, currently
multiple models like SHG-Bank
Linkage, MFI lending, BC models
etc. are operating. In each of these
models, the challenges faced by the
banks may be related to partnerships,
processes, policies and products.
Despite many accomplishments in
SHGs, there are shortfalls such as,
inadequate spread, account opening
delays , late disbursement of loans,
multiple membership, borrowings
by SHG members both within and
outside SHGs, unhealthy competition
between SHGs promoted by NGOs
and Government promoted/subsidy
oriented SHGs, lack of monitoring
to the extent desired etc. Many of

these issues are addressed under
SHG-2, but still, there are problems.
The digitisation of SHG data and
developing a scoring model for SHG
lending may enhance the timely
credit flow to the SHGs. Microfinance
Institutions (MFIs) play a critical role
in financial inclusion.
Viability of the BC model continues to
be an issue even today. Efforts were
made to increase the transactions
in the BSBD accounts, and volume
of business handled by BC agents.
The capacity building of BC agents is
an issue. Although, there are many
organisations certifying BC agents,
there is no standardisation. Further,
there is lot of emphasis in capacity
building efforts without probably
looking into the quality aspects.
Increasing the involvement of post
offices, fair price shops for achieving
financial inclusion need to be explored.
Another issue which needs debate is
whether are we looking at financial
inclusion only from the supply side and
not demand side as it should ideally
be. Additional efforts will have to be
in this direction. In order to augment
demand for financial services, there
is an urgent need to build the skills of
excluded people along with financial
literacy.
How small banks and payment banks
aid in financial inclusion efforts and
the role to be played by other financial
intermediaries may have to be clearly
spelt out.
Experts Speak
Your views on the importance of an

agile and flexible IT architecture in
banks as well as the key role of cloud,
mobility, big data analytics and
security.
Aspects which are making an impact in
the personal lives of individuals relate
to technology, digitisation, social
media etc. This naturally implies that
service organisations such as banks
need to respond to these changes and
explore new ways of doing banking.
An agile and flexible IT architecture in
banks will empower banks to identify
new client / market segments,
develop customized banking products
for different market segments and
compete better with established as
well as new players.
Technologies such as big data, cloud
and mobility have the potential to
create new platforms for banks to
develop new business capabilities
across verticals. Cloud computing
offers banks advantages in the form
of cost savings, billing on the basis of
usage, business agility and green IT.
Data management in banks has shifted
from being an important competency
parameter to a critical differentiator
that can determine market winners
and laggards.
Earlier, banks basically used to handle
only structured data. In todays
environment, banks are required to
handle large amount of unstructured
data (which can be extracted from
social media and other channels) to
be relevant in the business. Customer
analytics can track customers
behaviour, pro-actively respond to and
meet their expectations and increase
customer retention. Even though, big
data analytics has the potential to
realise value of customer data, the
issues related to individual privacy
need to be addressed.
As banks are moving from traditional
brick & mortar type banking to digital
banking, there are security threats.
These have wider ramifications and
banks must take measures to increase
the security of online transactions.
Customer education in regard to
Experts Speak
adoption of digital banking also needs

further impetus.
Your opinion on transformations
competitiveness.
Indian banks are experienced in
providing service to customers over
the counter. However as banks are now
moving from branch banking to digital
banking, customers expectations
are also increasing. The more the
banking operations are conducted
online, the less will be the face to face
interactions.
Technological solutions have become
the differentiator in determining the
market share of business. Banks need
to adopt the best of technologies,
innovate & explore new technological
solutions from time to time to meet
the expectation of customers.
In this changed scenario, banks need
to transform the way in which they
function. Instead of responding to
customers expectations, banks need
to evolve strategies to meet the
expected needs of the customers
create different banking services
for different market segments. In
other words, focus should be on the
demand side and not supply side. In
order to understand the customers
expectations, banks need to engage
with their customers continuously.
Social media provide good platforms
to achieve better customer retention.
Banks need to increase their speed
and efficiency to meet the new
challenges.
To remain competitive, apart from
innovations in the array of products
and services, the size of a bank may
be important. Going forward, there
will be consolidation of banks for
achieving synergy in operations.
E - 13
Karnataka Bank Limited

Mr Raghavendra Bhat M
General Manager - IT & MIS Department and Risk Management Department
In your opinion, what are the

major cyber threats for the banking
industry? What strategies banks are
adopting to safeguard against such
threats?
Cyber-attacks on banks and financial
institutions are becoming more
frequent, more sophisticated and
more widespread. The evolution
of technologies and increased
availability of powerful malware
help cybercriminals to execute
those wrongful activities. The gamut
of cybercrime is vast. Malware,
phishing, pharming, botnets, DoS,
DDoS, account takeover, identity
theft, telecommunication network
disruptions, data integrity breaches,
mobile banking exploitation, ATM
skimming, point-of-sale frauds and
insider access breaches etc are few of
them. The threat also results from uninformed employees activities such
as clicking on a link inside the email,
visiting a malicious web site and, thus,
exposing the organization or employee
responding to a web site form, thus
providing critical information.
Strategies banks are adopting to
safeguard against Cyber threats:
A wide variety of security technologies
exist for improving systems security
and preventing a cyber-breach. The
tools utilized are anti-virus software,
spyware and malware detection,
firewalls, server-based access control
lists, intrusion detection and prevention
tools, vulnerability scanning tools,
encryption for data in transit and
DDoS mitigation tools etc. In addition,
deployment of data loss prevention
(DLP) tools, smartcards and one-time
password tokens, biometric tools,
public key infrastructure systems etc.
are also very much popular weapons
in the hands of security administrator.
E - 14
Various approaches for mitigating

attacks depend on the attack
scenarios. Attack may be interception
and tampering with communication
in gateway, sending large amounts
of data based on spoofed identifier,
SQL injection attack and database
downtime because of weak database
credentials which can pose privacy
challenges.
Mitigation methods are implementing
Secure Sockets Layer (SSL) as
transport layer security, implementing
server monitoring for high traffic,
using parameterized SQL statement,
sanitizing user inputs for SQL injection,
implementing
strong
database
access controls etc. Internally, strong
authentication systems along with a
good delineation of responsibilities
and segregation of duties with a needto-know access rule will help protect
the data from unauthorized access.
Customers information is very
confidential and important in the
banking industry. Rapid adoption of
technology in the banking industry
has brought operational efficiencies
and made the banks more customers
centric. But it has also increased the
threat of cyber-attack which in turn
adversely affects the business of the
banks. Thus it is imperative for the
banks to have strong cyber security
systems to safeguard against such
threats. Further to strengthen the
cyber security norms in India, which
are the areas that require immediate

action?
National Cyber Security Policy is a
policy framework by Department
of Electronics and Information
Technology (Deity), Ministry of
Communication and Information
Technology, Government of India
which is yet to be implemented. The
proposed initiatives like National Cyber
Coordination Centre and National
Critical Information Infrastructure
Protection Centre (NCIIPC) of India
could prove useful in strengthening
Indian cyber security and critical
infrastructure protection in India.
Banks have to safeguard against
cyber threats by proper vulnerability
assessment, penetration testing
and implementing defense in depth
controls. Some of the techniques to
ensure security are defense system
for Distributed Denial of Service
Attack, a multilayered approach such
as the deployment of Web Application
Firewalls (WAF), change of service and
traffic priorities, caching of content
and identification of false requests
from
compromised
computers
launching the attack, Protection from
Spam and Virus, Intrusion Protection
& Blocking system etc. But, the most
effective countermeasures against
the cyber threat are awareness and
training that help to improve the
security culture in employees and
customers.
Experts Speak
Experts Speak
E - 15
L2
Alphabetical Listing

Sr No Banks
Group
Abu Dhabi Commercial Bank
Foreign
Allahabad Bank
Public
American Express Banking Corp.
Foreign
Andhra Bank
Public
Australia and New Zealand Banking Group Limited
Foreign
Axis Bank Limited
Private
Bank of America N.A.
Foreign
Bank of Bahrain and Kuwait B.S.C.
Foreign
Bank of Baroda
Public
10
Bank of India
Public
11
Bank of Maharashtra
Public
12
The Bank of Nova Scotia
Foreign
13
The Bank of Tokyo-Mitsubishi UFJ, Limited
Foreign
14
Barclays Bank PLC
Foreign
15
BNP Paribas
Foreign
16
Canara Bank
Public
17
The Catholic Syrian Bank Limited
Private
18
Central Bank of India
Public
19
Citibank N.A.
Foreign
20
City Union Bank Limited
Private
21
Corporation Bank
Public
22
Crdit Agricole Corporate & Investment Bank
Foreign
23
Credit Suisse AG
Foreign
24
DBS Bank Limited
Foreign
L3
L4
Sr No Banks
Group
25
DCB Bank Limited
Private
26
Dena Bank
Public
27
Deutsche Bank AG
Foreign
28
Dhanlaxmi Bank Limited
Private
29
The Federal Bank Limited
Private
30
FirstRand Bank Limited
Foreign
31
HDFC Bank Limited
Private
32
The Hongkong and Shanghai Banking Corporation Limited
Foreign
33
ICICI Bank Limited
Private
34
IDBI Bank Limited
Public
35
Indian Bank
Public
36
Indian Overseas Bank
Public
37
IndusInd Bank Limited
Private
38
Industrial and Commercial Bank of China Limited
Foreign
39
The Jammu and Kashmir Bank Limited
Private
40
JPMorgan Chase Bank, N.A.
Foreign
41
The Karnataka Bank Limited
Private
42
The Karur Vysya Bank Limited
Private
43
Kotak Mahindra Bank Limited
Private
44
The Lakshmi Vilas Bank Limited
Private
45
Mizuho Bank Limited
Foreign
46
The Nainital Bank Limited
Private
47
Oriental Bank of Commerce
Public
48
Punjab & Sind Bank
Public
49
Punjab National Bank
Public
50
RBL Bank Limited
Private
51
The Royal Bank of Scotland N.V.
Foreign
52
SBM Bank (Mauritius) Limited
Foreign
53
Shinhan Bank
Foreign
Sr No Banks
Group
54
Societe Generale
Foreign
55
The South Indian Bank Limited
Private
56
Standard Chartered Bank
Foreign
57
State Bank of Bikaner & Jaipur
Public
58
State Bank of Hyderabad
Public
59
State Bank of India
Public
60
State Bank of Mysore
Public
61
State Bank of Patiala
Public
62
State Bank of Travancore
Public
63
Sumitomo Mitsui Banking Corporation
Foreign
64
Syndicate Bank
Public
65
Tamilnad Mercantile Bank Limited
Private
66
UCO Bank
Public
67
Union Bank of India
Public
68
United Bank of India
Public
69
Vijaya Bank
Public
70
Westpac Banking Corporation
Foreign
71
Yes Bank Limited
Private
L5
Total Income Listing

All Banks
Sr No Banks
Total Income (` mn)
State Bank of India
1,749,729.7
ICICI Bank Limited
612,672.7
HDFC Bank Limited
574,662.6
522,060.9
Canara Bank
483,002.9
Bank of India
476,626.1
Bank of Baroda
473,655.5
Axis Bank Limited
438,436.4
Union Bank of India
356,069.6
10
IDBI Bank Limited
321,616.2
11
283,030.1
12
260,769.3
13
Syndicate Bank
237,247.6
14
220,827.8
15
Allahabad Bank
217,121.3
16
UCO Bank
213,625.4
17
Corporation Bank
210,389.1
18
Andhra Bank
178,684.5
19
Indian Bank
172,163.0
20
151,488.2
21
Bank of Maharashtra
136,714.2
22
Yes Bank Limited
136,184.6
23
Citibank N.A.
134,900.9
24
134,239.8
25
Vijaya Bank
131,524.9
26
120,958.4
27
119,273.9
28
117,483.2
29
Dena Bank
114,848.2
30
113,580.6
31
105,833.9
32
104,639.3
33
99,318.4
L7
L8
Sr No Banks
Total Income (` mn)
34
Punjab & Sind Bank
90,173.0
35
82,977.7
36
77,075.9
37
76,551.0
38
59,767.2
39
Deutsche Bank AG
58,063.3
40
57,832.9
41
52,054.1
42
31,274.1
43
31,029.6
44
26,065.9
45
DBS Bank Limited
25,594.0
46
24,985.6
47
RBL Bank Limited
23,564.9
48
23,047.9
49
BNP Paribas
20,306.7
50
Barclays Bank PLC
20,194.7
51
17,652.9
52
16,719.0
53
DCB Bank Limited
15,881.4
54
13,930.1
55
13,685.4
56
Credit Suisse AG
9,819.0
57
9,815.4
58
8,664.9
59
Mizuho Bank Limited
7,115.4
60
5,567.6
61
4,885.0
62
Societe Generale
4,391.3
63
4,076.8
64
3,892.4
65
Shinhan Bank
3,155.1
66
1,960.2
67
1,694.4
68
1,521.9
69
1,320.5
70
1,289.9
71
1,202.2
Public Banks
Sr No Banks
Total Income (` mn)
State Bank of India
1,749,729.7
522,060.9
Canara Bank
483,002.9
Bank of India
476,626.1
Bank of Baroda
473,655.5
Union Bank of India
356,069.6
IDBI Bank Limited
321,616.2
283,030.1
260,769.3
10
Syndicate Bank
237,247.6
11
220,827.8
12
Allahabad Bank
217,121.3
13
UCO Bank
213,625.4
14
Corporation Bank
210,389.1
15
Andhra Bank
178,684.5
16
Indian Bank
172,163.0
17
151,488.2
18
Bank of Maharashtra
136,714.2
19
Vijaya Bank
131,524.9
20
119,273.9
21
Dena Bank
114,848.2
22
113,580.6
23
105,833.9
24
99,318.4
25
Punjab & Sind Bank
90,173.0
26
77,075.9
L9
L10
Private Banks
Sr No Banks
Total Income (` mn)
ICICI Bank Limited
612,672.7
HDFC Bank Limited
574,662.6
Axis Bank Limited
438,436.4
Yes Bank Limited
136,184.6
120,958.4
117,483.2
82,977.7
76,551.0
59,767.2
10
57,832.9
11
52,054.1
12
31,274.1
13
31,029.6
14
24,985.6
15
RBL Bank Limited
23,564.9
16
16,719.0
17
DCB Bank Limited
15,881.4
18
13,685.4
19
5,567.6
Foreign Banks
Sr No Banks
Total Income (` mn)
Citibank N.A.
134,900.9
134,239.8
104,639.3
Deutsche Bank AG
58,063.3
26,065.9
DBS Bank Limited
25,594.0
23,047.9
BNP Paribas
20,306.7
Barclays Bank PLC
20,194.7
10
17,652.9
11
13,930.1
12
Credit Suisse AG
9,819.0
13
9,815.4
14
8,664.9
15
Mizuho Bank Limited
7,115.4
16
4,885.0
17
Societe Generale
4,391.3
18
4,076.8
19
3,892.4
20
Shinhan Bank
3,155.1
21
1,960.2
22
1,694.4
23
1,521.9
24
1,320.5
25
1,289.9
26
1,202.2
L11
Net Profit Listing

All Banks
Sr No Banks
Net Profit (` mn)
State Bank of India
131,015.7
ICICI Bank Limited
111,753.5
HDFC Bank Limited
102,159.2
Axis Bank Limited
73,578.2
Citibank N.A.
34,225.5
Bank of Baroda
33,984.4
30,615.8
30,514.5
Canara Bank
27,026.2
10
Yes Bank Limited
20,053.6
11
18,659.8
12
17,937.2
13
Union Bank of India
17,816.4
14
Bank of India
17,089.2
15
16,294.1
16
Syndicate Bank
15,229.3
17
Deutsche Bank AG
14,059.1
18
13,171.3
19
UCO Bank
11,378.0
20
10,057.5
21
Indian Bank
10,051.7
22
IDBI Bank Limited
8,733.9
23
8,712.0
24
7,768.7
25
Andhra Bank
6,384.4
26
Allahabad Bank
6,209.0
27
6,064.5
28
5,943.1
29
Corporation Bank
5,842.6
30
5,086.0
31
4,970.8
32
4,642.8
33
4,514.5
L13
L14
Net Profit Listing
Sr No Banks
Net Profit (` mn)
34
Bank of Maharashtra
4,506.9
35
Vijaya Bank
4,394.1
36
Barclays Bank PLC
4,121.1
37
4,088.0
38
3,950.2
39
3,794.0
40
3,620.6
41
3,355.3
42
3,072.0
43
BNP Paribas
2,982.1
44
Dena Bank
2,654.8
45
2,559.9
46
Credit Suisse AG
2,430.1
47
2,119.1
48
RBL Bank Limited
2,071.7
49
DCB Bank Limited
1,911.8
50
Mizuho Bank Limited
1,757.5
51
1,636.0
52
1,322.9
53
Punjab & Sind Bank
1,213.5
54
1,171.8
55
996.3
56
967.1
57
Shinhan Bank
800.6
58
671.8
59
564.6
60
Societe Generale
395.1
61
318.3
62
271.0
63
171.4
64
136.1
65
16.3
66
(531.7)
67
(641.8)
68
(725.9)
69
(2,414.7)
70
DBS Bank Limited
(2,746.4)
71
(4,543.3)
Net Profit Listing
Public Banks
Sr No Banks
Net Profit (` mn)
State Bank of India
131,015.7
Bank of Baroda
33,984.4
30,615.8
Canara Bank
27,026.2
Union Bank of India
17,816.4
Bank of India
17,089.2
Syndicate Bank
15,229.3
13,171.3
UCO Bank
11,378.0
10
Indian Bank
10,051.7
11
IDBI Bank Limited
8,733.9
12
7,768.7
13
Andhra Bank
6,384.4
14
Allahabad Bank
6,209.0
15
6,064.5
16
Corporation Bank
5,842.6
17
4,970.8
18
Bank of Maharashtra
4,506.9
19
Vijaya Bank
4,394.1
20
4,088.0
21
3,620.6
22
3,355.3
23
Dena Bank
2,654.8
24
2,559.9
25
Punjab & Sind Bank
1,213.5
26
(4,543.3)
L15
Net Profit Listing
L16
Private Banks
Sr No Banks
Net Profit (` mn)
ICICI Bank Limited
111,753.5
HDFC Bank Limited
102,159.2
Axis Bank Limited
73,578.2
Yes Bank Limited
20,053.6
18,659.8
17,937.2
10,057.5
5,086.0
4,642.8
10
4,514.5
11
3,950.2
12
3,794.0
13
3,072.0
14
RBL Bank Limited
2,071.7
15
DCB Bank Limited
1,911.8
16
1,322.9
17
18
19
671.8
(531.7)
(2,414.7)
Net Profit Listing
Foreign Banks
Sr No Banks
Net Profit (` mn)
Citibank N.A.
34,225.5
30,514.5
16,294.1
Deutsche Bank AG
14,059.1
8,712.0
5,943.1
Barclays Bank PLC
4,121.1
BNP Paribas
2,982.1
Credit Suisse AG
2,430.1
10
2,119.1
11
Mizuho Bank Limited
1,757.5
12
1,636.0
13
1,171.8
14
996.3
15
967.1
16
Shinhan Bank
800.6
17
564.6
18
Societe Generale
395.1
19
318.3
20
271.0
21
171.4
22
136.1
23
16.3
24
(641.8)
25
(725.9)
26
DBS Bank Limited
(2,746.4)
L17
4_Writer_Safguard_Ad_A-4.pdf
18/08/15
3:44 pm
Business Listing

All Banks
Sr No Banks
Business (` mn)
State Bank of India
28,768,196.4
Bank of Baroda
10,456,246.6
Bank of India
9,339,321.8
8,819,130.4
HDFC Bank Limited
8,162,906.7
Canara Bank
8,038,756.2
ICICI Bank Limited
7,490,848.0
Axis Bank Limited
6,035,249.7
Union Bank of India
5,725,244.8
10
IDBI Bank Limited
4,682,128.4
11
Syndicate Bank
4,581,079.1
12
4,440,499.3
13
4,178,047.4
14
UCO Bank
3,616,875.7
15
3,492,710.0
16
Corporation Bank
3,444,118.5
17
Allahabad Bank
3,433,008.9
18
Indian Bank
2,950,888.2
19
Andhra Bank
2,809,669.7
20
2,352,193.2
21
Bank of Maharashtra
2,207,180.4
22
Vijaya Bank
2,140,348.9
23
Dena Bank
1,948,703.9
24
1,755,806.3
25
1,713,470.6
26
Yes Bank Limited
1,667,256.6
27
1,597,975.4
28
1,553,920.0
29
Punjab & Sind Bank
1,505,848.9
30
Citibank N.A.
1,498,083.1
31
1,429,225.6
32
1,412,502.7
33
1,410,210.2
L19
L20
Business Listing
Sr No Banks
Business (` mn)
34
1,318,727.3
35
1,221,099.8
36
1,180,896.3
37
1,103,420.0
38
893,041.2
39
807,992.1
40
776,885.9
41
Deutsche Bank AG
747,724.2
42
449,858.1
43
420,404.6
44
383,162.3
45
DBS Bank Limited
332,398.3
46
RBL Bank Limited
315,490.8
47
BNP Paribas
285,239.1
48
Barclays Bank PLC
264,012.4
49
239,464.5
50
DCB Bank Limited
230,741.9
51
216,634.8
52
200,515.0
53
200,395.7
54
188,507.7
55
118,011.9
56
110,942.1
57
Mizuho Bank Limited
95,951.4
58
79,008.9
59
Credit Suisse AG
76,503.4
60
Societe Generale
66,367.9
61
52,762.0
62
Shinhan Bank
45,087.1
63
44,885.9
64
38,023.3
65
37,202.6
66
33,589.4
67
19,970.7
68
18,147.5
69
14,627.9
70
14,014.1
71
6,125.6
Business Listing
Public Banks
Sr No Banks
Business (` mn)
State Bank of India
28,768,196.4
Bank of Baroda
10,456,246.6
Bank of India
9,339,321.8
8,819,130.4
Canara Bank
8,038,756.2
Union Bank of India
5,725,244.8
IDBI Bank Limited
4,682,128.4
Syndicate Bank
4,581,079.1
4,440,499.3
10
4,178,047.4
11
UCO Bank
3,616,875.7
12
3,492,710.0
13
Corporation Bank
3,444,118.5
14
Allahabad Bank
3,433,008.9
15
Indian Bank
2,950,888.2
16
Andhra Bank
2,809,669.7
17
2,352,193.2
18
Bank of Maharashtra
2,207,180.4
19
Vijaya Bank
2,140,348.9
20
Dena Bank
1,948,703.9
21
1,755,806.3
22
1,713,470.6
23
1,597,975.4
24
1,553,920.0
25
Punjab & Sind Bank
1,505,848.9
26
1,180,896.3
L21
Business Listing
L22
Private Banks
Sr No Banks
Business (` mn)
HDFC Bank Limited
8,162,906.7
ICICI Bank Limited
7,490,848.0
Axis Bank Limited
6,035,249.7
Yes Bank Limited
1,667,256.6
1,429,225.6
1,410,210.2
1,221,099.8
1,103,420.0
893,041.2
10
807,992.1
11
776,885.9
12
449,858.1
13
420,404.6
14
383,162.3
15
RBL Bank Limited
315,490.8
16
239,464.5
17
DCB Bank Limited
230,741.9
18
200,515.0
19
79,008.9
Business Listing
Foreign Banks
Sr No Banks
Business (` mn)
Citibank N.A.
1,498,083.1
1,412,502.7
1,318,727.3
Deutsche Bank AG
747,724.2
DBS Bank Limited
332,398.3
BNP Paribas
285,239.1
Barclays Bank PLC
264,012.4
216,634.8
200,395.7
10
188,507.7
11
118,011.9
12
110,942.1
13
Mizuho Bank Limited
95,951.4
14
Credit Suisse AG
76,503.4
15
Societe Generale
66,367.9
16
52,762.0
17
Shinhan Bank
45,087.1
18
44,885.9
19
38,023.3
20
37,202.6
21
33,589.4
22
19,970.7
23
18,147.5
24
14,627.9
25
14,014.1
26
6,125.6
L23
Total Assets Listing

All Banks
Sr No Banks
Total Assets (`Mn)
State Bank of India
Bank of Baroda
20,480,798.0
7,149,885.5
ICICI Bank Limited
6,461,292.9
Bank of India
6,186,977.6
6,033,336.0
HDFC Bank Limited
5,905,030.7
Canara Bank
5,480,005.6
Axis Bank Limited
4,619,323.9
Union Bank of India
3,816,159.3
10
IDBI Bank Limited
3,560,305.7
11
3,119,405.0
12
Syndicate Bank
3,031,352.5
13
2,856,369.8
14
UCO Bank
2,459,169.1
15
2,305,135.8
16
Allahabad Bank
2,270,964.8
17
Corporation Bank
2,259,930.2
18
Indian Bank
1,928,359.7
19
Andhra Bank
1,851,703.5
20
1,545,027.8
21
Bank of Maharashtra
1,460,187.9
22
Vijaya Bank
1,426,430.9
23
Citibank N.A.
1,387,756.4
24
1,376,313.4
25
Yes Bank Limited
1,361,704.1
26
1,317,396.8
27
Dena Bank
1,299,205.5
28
1,230,275.8
29
1,167,091.0
30
1,091,159.2
31
1,060,120.7
32
1,055,954.3
33
1,023,015.4
L25
L26
Sr No Banks
Total Assets (`Mn)
34
Punjab & Sind Bank
977,534.0
35
828,504.8
36
794,689.3
37
760,854.5
38
Deutsche Bank AG
615,971.8
39
591,163.2
40
531,524.8
41
518,366.0
42
DBS Bank Limited
359,360.7
43
Barclays Bank PLC
321,873.4
44
297,494.5
45
BNP Paribas
288,850.7
46
285,530.8
47
280,241.4
48
278,711.3
49
RBL Bank Limited
271,046.7
50
247,054.4
51
190,193.2
52
166,442.3
53
DCB Bank Limited
161,323.1
54
157,622.7
55
143,519.1
56
130,329.7
57
Mizuho Bank Limited
111,265.5
58
Credit Suisse AG
110,701.1
59
109,600.8
60
Societe Generale
67,043.3
61
59,779.3
62
58,981.5
63
58,575.4
64
Shinhan Bank
39,057.8
65
38,169.6
66
31,121.7
67
26,565.7
68
17,259.0
69
15,599.2
70
14,721.7
71
13,863.8
Public Banks
Sr No Banks
Total Assets (`Mn)
State Bank of India
20,480,798.0
Bank of Baroda
7,149,885.5
Bank of India
6,186,977.6
6,033,336.0
Canara Bank
5,480,005.6
Union Bank of India
3,816,159.3
IDBI Bank Limited
3,560,305.7
3,119,405.0
Syndicate Bank
3,031,352.5
10
2,856,369.8
11
UCO Bank
2,459,169.1
12
2,305,135.8
13
Allahabad Bank
2,270,964.8
14
Corporation Bank
2,259,930.2
15
Indian Bank
1,928,359.7
16
Andhra Bank
1,851,703.5
17
1,545,027.8
18
Bank of Maharashtra
1,460,187.9
19
Vijaya Bank
1,426,430.9
20
Dena Bank
1,299,205.5
21
1,230,275.8
22
1,167,091.0
23
1,055,954.3
24
1,023,015.4
25
Punjab & Sind Bank
977,534.0
26
794,689.3
L27
L28
Private Banks
Sr No Banks
Total Assets (`Mn)
ICICI Bank Limited
6,461,292.9
HDFC Bank Limited
5,905,030.7
Axis Bank Limited
4,619,323.9
Yes Bank Limited
1,361,704.1
1,091,159.2
1,060,120.7
828,504.8
760,854.5
591,163.2
10
531,524.8
11
518,366.0
12
297,494.5
13
278,711.3
14
RBL Bank Limited
271,046.7
15
247,054.4
16
DCB Bank Limited
161,323.1
17
157,622.7
18
143,519.1
19
59,779.3
Foreign Banks
Sr No Banks
Total Assets (`Mn)
Citibank N.A.
1,387,756.4
1,376,313.4
1,317,396.8
Deutsche Bank AG
615,971.8
DBS Bank Limited
359,360.7
Barclays Bank PLC
321,873.4
BNP Paribas
288,850.7
285,530.8
280,241.4
10
190,193.2
11
166,442.3
12
130,329.7
13
Mizuho Bank Limited
111,265.5
14
Credit Suisse AG
110,701.1
15
109,600.8
16
Societe Generale
67,043.3
17
58,981.5
18
58,575.4
19
Shinhan Bank
39,057.8
20
38,169.6
21
31,121.7
22
26,565.7
23
17,259.0
24
15,599.2
25
14,721.7
26
13,863.8
L29
Public Banks
Comparative Matrix
TI
Rank
Banks
State Bank of India
Total Income
(` mn)
Net Interest
Income
(` mn)
Advances
(` mn)
Deposits
(` mn)
13,000,263.9 15,767,932.5
CASA Ratio
(%)
1,749,729.7
550,152.5
41.3
522,060.9
165,555.7
3,805,344.0
5,013,786.4
36.7
Canara Bank
483,002.9
96,636.7
3,300,355.1
4,738,401.0
24.0
Bank of India
476,626.1
113,436.7
4,020,255.5
5,319,066.3
22.3
Bank of Baroda
473,655.5
131,872.3
4,280,651.4
6,175,595.2
26.4
Union Bank of India
356,069.6
84,439.0
2,556,545.7
3,168,699.2
29.2
IDBI Bank Limited
321,616.2
57,478.9
2,083,768.7
2,598,359.7
25.1
283,030.1
72,470.7
1,884,775.3
2,555,723.9
34.0
260,769.3
53,839.6
1,717,560.2
2,460,487.2
25.1
10
Syndicate Bank
237,247.6
55,202.9
2,027,198.2
2,553,881.0
24.9
11
220,827.8
50,842.0
1,452,613.0
2,040,097.0
24.2
12
Allahabad Bank
217,121.3
61,778.7
1,498,768.4
1,934,240.5
33.6
13
UCO Bank
213,625.4
55,624.5
1,473,508.7
2,143,367.1
29.3
14
Corporation Bank
210,389.1
40,703.4
1,450,660.4
1,993,458.2
19.7
15
Andhra Bank
178,684.5
45,380.3
1,259,547.3
1,550,122.4
27.4
16
Indian Bank
172,163.0
44,612.9
1,258,635.5
1,692,252.7
28.8
17
151,488.2
43,926.1
1,050,531.3
1,301,661.9
33.2
18
Bank of Maharashtra
136,714.2
38,750.4
985,991.0
1,221,189.4
37.1
19
Vijaya Bank
131,524.9
22,922.8
866,958.6
1,263,433.5
20.4
20
119,273.9
24,906.6
667,630.4
1,088,176.0
42.0
21
Dena Bank
114,848.2
24,478.6
789,343.1
1,159,360.8
27.8
22
113,580.6
25,969.4
786,421.3
927,049.2
29.7
23
105,833.9
22,831.4
687,206.1
910,769.4
29.8
24
99,318.4
29,414.3
695,484.2
842,392.7
38.8
25
Punjab & Sind Bank
90,173.0
16,791.9
638,701.8
867,147.2
21.5
26
77,075.9
20,869.0
520,258.6
660,637.6
33.9
State Bank of India

State Bank Bhavan, Madame Cama Road, Mumbai - 400021, Maharashtra
Website: www.sbi.co.in
Dun & Bradstreet D-U-N-S No 65-005-6914
Top Banks Ranking

Income
Net Profit
Business
Financials (` mn)
Business Profile
State Bank of India (SBI) was founded in 1806 as Bank of Calcutta and subsequently evolved
into SBI in the year 1955. SBI primarily operates in the business segments namely personal
banking, agricultural banking, international banking and other banking operations. Personal
banking business offers various deposit schemes, personal finance, gold banking and education
loan for students, corporate banking business offers corporate loans, export credit, finance
projects among others. SBIs international banking operation spans across 191 offices spread
across 36 countries and 360 correspondent banks across 110 countries. SBI also has cross
selling tie-up arrangements with SBI Life, SBI Cards, SBI Cap Securities and SBI Mutual Fund
to offer financial products to customers. The bank has a wide network of 16,333 branches,
42,454 ATMs, 2,595 kiosks and 1,849 cash deposit machines (CDMs).During FY16, SBI got into
a strategic partnership with Amazon and Paypal. SBI also introduced various online and digital
programs for its businesses which included online facility for overdraft against fixed deposits,
online loan approval and contact-less cards.

7, Bhikaiji Cama Place, New Delhi 110607, Delhi
Website: www.pnbindia.in
Net Interest Income
550,152.5
Net Profit
131,015.7
Canara Bank
112, J C Road, Bengaluru 560002, Karnataka
Website: www.canarabank.in
20,480,798.0
Total Assets
Key Ratios (%)
Net Interest Margin
3.2
Net NPA
2.1
41.3
CASA / Total Deposits

(As on Mar 31, 2015)
Top Banks Ranking

Income
Net Profit
Business
Financials (` mn)
Total Income
522,060.9
Net Interest Income
165,555.7
30,615.8
Net Profit
Total Business
8,819,130.4
Total Assets
6,033,336.0
Key Ratios (%)
Net Interest Margin
3.2
Net NPA
4.1
36.7

(As on Mar 31, 2015)
Top Banks Ranking

Income
Net Profit
Business
Financials (` mn)
Business Profile
Canara Bank (Canara Bank) was incorporated in 1906 as Canara Bank Hindu Permanent Fund
Limited at Mangalore and was nationalized in 1969. In 1984, the bank merged with Lakshmi
Commercial Bank Ltd. The bank provides personal banking, corporate banking, NRI banking,
priority and SME banking services. Apart from these services the bank offers agricultural
consultancy services and issue credit cards to farmers. Some of the new deposit products
launched by the bank include; Canara SB Gen-Y, Canara Jeevandhara, Canara Savings Defence
Product, Canara Power Plus, Canara Privilege and Canara Dhanvarsha RD-Flex among others.
It also provide services like Canara HSBC OBC Life Insurance Company Ltd and Canara Robeco
Asset Management Company Ltd. Overseas operations are spread across seven countries
including; London and Leicester (UK), Hong Kong, Shanghai (China), Manama (Bahrain), a
representative office at Sharjah (UAE) and a joint venture with Commercial Indo Bank LLC in
Moscow (Russia). During FY15, the bank opened 930 new branches and 2,221 ATMs. At the
end of the year the bank had 4,682 branches and 8,533 ATMs.
28,768,196.4
Total Business
Business Profile
Punjab National Bank (PNB) commenced its operations in 1895, and was nationalized in 1969.
In 1993, New Bank of India was merged with PNB and further in 2003, Nedungadi Bank Ltd
was amalgamated with the bank. The bank primarily offers personal banking, social banking,
MSME banking, agriculture banking, international and NRI banking services. Under personal
banking the bank offers savings account, current account, fixed deposits schemes, credit
schemes, doorstep banking services etc. Under social banking, the bank provides various
services for priority sector such as schemes for women and weaker section. During FY15,
the bank formulated new scheme known as Supply Chain Financing, PNB Nirmat and PNB
Sewa. The bank entered into a tie up with National Small Industries Corporation (NSIC). PNB
also signed MoU with Ashok Leyland, Tata Motors, Asia Motors Works, Hindustan Motors,
Mahindra & Mahindra, Piaggio, ICM Ltd, Eicher Volvo, Atul Auto, Bajaj Motors, J S Auto P Ltd.
The bank installed 1408 new ATMs during the year taking the total ATM network to 8348 as
on Mar 31, 2015.
1,749,729.7
Total Income
483,002.9
Total Income
Net Interest Income
96,636.7
Net Profit
27,026.2
Total Business
8,038,756.2
Total Assets
5,480,005.6
Key Ratios (%)
Net Interest Margin

Net NPA
2.3
2.7
24.0
(As on Mar 31, 2015)
Bank of India
C-5, Star House, G Block, 8th Floor, BKC, Bandra (E), Mumbai 400051, Maharashtra
Website: www.bankofindia.com
Top Banks Ranking

Income
Net Profit
Business
14
Financials (` mn)
Business Profile
Bank of India (BoI) was founded on September 7, 1906 in Mumbai. The bank was nationalised
in 1969. BOIs products are segmented into categories, namely corporate banking, rural
banking, MSME banking, retail banking, NRI banking and cards. The bank also offers ancillary
services like PPF, insurance mutual funds among others. The bank has international presence
in 22 countries with 56 offices including 5 subsidiaries, 5 representative offices and 1 joint
venture. The bank has a tie up with Dai-ichi life insurance co Ltd for sale of their insurance
products. In FY15, BoI expanded its branch network by 242 and has a total network of 4,892
branches. The bank has a network of 6,771 ATMs. BoI introduced products like Sangini Debit
card, IMT-Instant Money Transfer and 1st dual-wallet card among others. During FY15, the
bank also opened 400 e-Galleries that are aimed at providing 24x7 customer services. The
bank has launched an agriculture information service KRISHIDOOT for the benefit of the
banks farmer customers through SMS in FY15.
Total Income
476,626.1
Net Interest Income
113,436.7
17,089.2
Net Profit
9,339,321.8
Total Business
6,186,977.6
Total Assets
Key Ratios (%)
Net Interest Margin
2.1
Net NPA
3.4
22.3

(As on Mar 31, 2015)
Bank of Baroda
Baroda House, Mandvi, Vadodara - 390006, Gujarat
Website: www.bankofbaroda.com
Top Banks Ranking

Income
Net Profit
Business
Financials (` mn)
Business Profile
Bank of Baroda (BoB) was incorporated in 1908 as The Bank of Baroda Ltd. In 1910, BoB
opened its first branch in the city of Ahmedabad and in 1953, opened its first international
branch at Mombasa, Kenya. In 1969, the bank was nationalised by GoI and acquired its
current name. BoB operates in treasury, wholesale banking and retail banking. Under treasury
segment, BoB handles domestic treasury operations and covers activities in various markets.
Wholesale banking segment offers various loan products and services such as term loans,
short-term loans, demand loans, trade finance products, treasury products and infrastructure
loans to its large and mid-corporate clients. Under retail banking segment, the bank provides
deposits, loans and credit & debit cards. In FY15, BoB has opened 351 new branches. The
bank has launched Door Step Banking Services in Mumbai, New Delhi and Vadodara. It has
also introduced new schemes such as Baroda Home Loan Suraksha Personal Loan, Baroda
CRE Home Loan, Baroda self-employment programme, etc. Miss Call facility was started for
customers to receive account balance through SMS in FY15.
Union Bank of India

239, Vidhan Bhavan Marg, Nariman Point, Mumbai - 400021, Maharashtra
Website: www.unionbankofindia.co.in
Total Income
473,655.5
Net Interest Income
131,872.3
33,984.4
Net Profit
7,149,885.5
Total Assets
Key Ratios (%)
Net Interest Margin
2.3
Net NPA
1.9
26.4

(As on Mar 31, 2015)
Top Banks Ranking

Income
Net Profit
Business
13
Financials (` mn)
Business Profile
Union Bank of India (Union Bank) was incorporated in Nov 1919. In 1969, Union Bank was
nationalized and acquired its present name. Union Bank primarily operates in corporate,
retail, MSME, NRI and agricultural banking. Under personal banking, the bank offers savings
& deposit accounts, retail loan schemes, insurance & investment plans, demat accounts, bill
payment services, credit & debit cards etc. Under corporate banking, it offers loan syndication,
trade financing, non-life insurance plans & e-tax payment services. Union Bank has launched
a specially devised micro-loan product known as Pragati over bio-metric cards. It has tied-up
with Shri Kshetra Dharmasthala Rural Development Project (SKDRDP) an NGO for financing
of Self Help Group (SHGs). Union Bank entered into an agreement with CSC e-Governance
India Ltd. for launching kiosk banking manned by Business Correspondents (BCs) at various
places. During FY15, Union Bank launched a new scheme named Union Nari Shakti for women
entrepreneurs. In the same year, the bank branches were increased by 211 and ATMs by 591
thus, taking the total number to 4,078 and 7,020 respectively.
10,456,246.6
Total Business
356,069.6
Total Income
Net Interest Income
84,439.0
Net Profit
17,816.4
Total Business
5,725,244.8
Total Assets
3,816,159.3
Key Ratios (%)
Net Interest Margin

Net NPA
(As on Mar 31, 2015)
2.5
2.7
29.2
Idbi Bank Limited

IDBI Tower, WTC Complex, Cuffe Parade, Colaba, Mumbai 400005, Maharashtra
Website: www.idbi.com
Top Banks Ranking

Income
Net Profit
Business
10
22
10
Financials (` mn)
Business Profile
IDBI Bank Ltd (IDBI Bank) was established in 1964 as a Financial Institution by the name of
Industrial Development Bank of India. It acquired its current name in 2008. IDBI Bank has its
business segment classified under the following namely, personal, corporate, MSME, agri and
NRI banking among others. Some if its product offerings include; preferred banking, savings
account, flexi current account, corporate payroll account, loans and cards among others. The
bank has a tie-up with IDBI Federal Life Insurance Company Ltd and Bajaj Allianz General
Insurance Co. Ltd for distribution of life and non-life insurance products. During FY15, IDBI
Bank opened 329 branches and 699 ATMs and has in total network of 1717 branches and
3000 ATMs. The bank also has one fully operational overseas branch at Dubai International
Financial Centre (DIFC), Dubai. The bank has added 8 full fledged Trade Finance (TF) centers,
taking the total number of TF locations to 60 across the country. During the same period, the
bank introduced Royale Plus service for its high net worth customers.
321,616.2
Total Income
57,478.9
Net Interest Income
8,733.9
Net Profit
4,682,128.4
Total Business
3,560,305.7
Total Assets
Key Ratios (%)
Net Interest Margin
1.9
Net NPA
2.9
25.1

(As on Mar 31, 2015)

9th Floor, Chandermukhi Building, Nariman Point, Mumbai - 400021, Maharashtra
Website: www.centralbankofindia.co.in
Top Banks Ranking

Income
Net Profit
Business
11
27
12
Financials (` mn)
Business Profile
Central Bank of India (Central Bank) was incorporated in 1911. In 1969 the bank was
nationalized and acquired its present name. Central Bank mainly operates in treasury,
wholesale banking and retail banking segments. The bank provides various deposits and
credit products including home loans, vehicle loans, SME retail loans, mortgage loans, etc.
It offers various schemes such as Cent Kisan Tatkal Scheme, Cent Solar Light Scheme, and
Cent Kisan Credit Card among others as part of its agri banking business. The bank provides
various schemes such as Cent Mortgage, Cent Doctor, and Cent protsahan scheme among
others as part of its MSME banking business. It also offers cash management services,
insurance products, mutual funds, depository services, e-payment, etc. In Nov 2014, Central
Bank launched two new schemes namely Cent Home Double Plus Scheme and Cent Aspire
Deposit Scheme. In April 2015, the bank signed MoU with The New India Assurance Co Ltd to
implement Pradhan Mantri Suraksha Bima Yojana (PMSBY) and with LIC of India to implement
Pradhan Mantri Jeevanjyoti Bima Yojana (PMJBY) insurance scheme.

763, Anna Salai, Chennai 600002, TN
Website: www.iob.in
72,470.7
Net Interest Income
6,064.5
Net Profit
Total Business
4,440,499.3
Total Assets
3,119,405.0
Key Ratios (%)
Net Interest Margin
2.8
Net NPA
3.6
34.0

(As on Mar 31, 2015)
Top Banks Ranking

Income
Net Profit
Business
12
71
13
Financials (` mn)
Business Profile
Indian Overseas Bank (IOB) was established in 1937 with focus on foreign exchange business
and overseas banking. In 1969, IOB was nationalised. IOB mainly provides personal, corporate,
rural, NRI banking, mobile and internet banking services. The personal banking products and
services offered by IOB include saving account, current account, term deposit, home loans,
depository services etc. Under corporate banking, it offers products for MSMEs, IT and ITeS
BPO etc. Some corporate banking services offered by the bank include term loans, working
capital loans, loans for professionals & self-employed etc. Under NRI banking, the bank
offers remittance services, NRO, RFC, FCNR etc. Rural banking business offers agri business
consultancy services, agricultural term loans & short term loans etc. The bank also undertakes
forex operations and government business of collection of taxes etc. As on Mar 31, 2015, IOB
has opened 116 new branches, making a total of 3571 branches. The bank has launched many
new products like Subha Gruha Pre approved Home Loans, Subha Gruha Top Up Loans, Subha
Gruha Gen Next Housing Loans and IOB Passion among others.
283,030.1
Total Income
260,769.3
Total Income
Net Interest Income
53,839.6
Net Profit
(4,543.3)
Total Business
4,178,047.4
Total Assets
2,856,369.8
Key Ratios (%)
Net Interest Margin

Net NPA
2.1
5.7
25.1
(As on Mar 31, 2015)
Syndicate Bank
Post Box No 1, Manipal 576104, Karnataka
Website: www.syndicatebank.in
Top Banks Ranking

Income
Net Profit
Business
13
16
11
Financials (` mn)
Business Profile
Syndicate Bank (Syndicate Bank) was established in 1925 as Canara Industrial and Banking
Syndicate Ltd. In 1953, Maharashtra Apex Bank Ltd and Southern India Apex Bank Ltd were
merged with the bank along with 18 other banks during the period 1953-1964. It acquired
its present name in 1963, and was subsequently nationalized in 1969. The bank opened its
first overseas branch in 1976 in London. Syndicate bank offers a wide range of products and
services like deposit products, loan products, cash management services, RTGS, NRI services,
NEFT for electronic fund transfer, capital market services, mutual fund services and speed
clearing. The bank offers deposit products like saving account, current account and term
deposit products. Under loan segment, it offers retail loans, agricultural loans, priority sector
loans and loans for MSMEs. During FY15, the bank has added 303 branches to its network.
The bank has launched many new deposit and loan products, namely Synd Disha III & IV, Synd
SmartGen, Synd SmartSHE, SyndJuniorMillionaire, Synd Contractor, Synd Mahila Shakthi and
SyndPrivilege Tab Banking among others.

Harsha Bhawan, E-Block, Connaught Place, New Delhi 110001, Delhi
Website: www.obcindia.co.in
Net Interest Income
55,202.9
Net Profit
15,229.3
Allahabad Bank
2, Netaji Subhas Road, Kolkata - 700001, WB
Website: www.allahabadbank.in
3,031,352.5
Total Assets
Key Ratios (%)
Net Interest Margin
2.4
Net NPA
1.9
Top Banks Ranking

Income
Net Profit
Business
14
31
15
Financials (` mn)
220,827.8
Total Income
50,842.0
Net Interest Income
4,970.8
Net Profit
Total Business
3,492,710.0
Total Assets
2,305,135.8
Key Ratios (%)
Net Interest Margin
2.3
Net NPA
3.3
24.2

(As on Mar 31, 2015)
Top Banks Ranking

Income
Net Profit
Business
15
26
17
Financials (` mn)
217,121.3
Total Income
Net Interest Income
61,778.7
6,209.0
Net Profit
Total Business
3,433,008.9
Total Assets
2,270,964.8
Key Ratios (%)
Net Interest Margin

Net NPA
(As on Mar 31, 2015)
24.9

(As on Mar 31, 2015)
Business Profile
Allahabad Bank (Alhd Bank) was established by a group of Europeans in 1865. In 1920, it
became a part of the P&O Banking Corporation group and was nationalized in 1969. In 1989,
United Industrial Bank was merged with the bank. In 2002, the bank came out with its IPO.
In 2007, the bank opened its first overseas branch at Hong Kong. Alhd Banks products are
segmented into these categories, namely personal banking, social banking, MSME banking,
retail credit card products, corporate banking, international banking and other services. The
other services offered include insurance & mutual funds and E-products etc. As on March 31,
2015 the bank has 3107 branches in India, 5 international branches and 1170 ATMs. During
FY15, two new products, All Bank Credit Loyalty Benefit Scheme and All Bank New Saral
Loan Scheme were launched to boost the retail credit portfolio. During the same year the
Bank has also signed a Memorandum of Understanding (MoU) with Bharat Sanchar Nigam
Limited (BSNL) for extending Retail Loans to the employees of BSNL at concessional rate.
4,581,079.1
Total Business
Business Profile
Oriental Bank of Commerce (OBC), a GoI undertaking, was established in 1943. In 1945, OBC
was acquired by the Thapar Group. In 1980, OBC got nationalized. Later, Punjab Co-operative
Bank Ltd and Bari Doaba Bank Ltd were merged with OBC in 1997. In 2004, the Global
Trust bank also was merged with OBC. OBC is engaged in treasury operations, corporate
or wholesale banking and retail banking operations. Under treasury, the bank undertakes
dealing in securities and money market operations. Under corporate or wholesale banking,
OBC provides all advances to trusts, partnership firms, companies and statutory bodies. It
also offers various other products and services such as housing loans, education loans, loan
to SMEs, savings account and current account among others. OBC also provides various
facilities to its NRI clients including deposit accounts such as FCNR (B), NRE, NRO etc. In FY15,
OBC opened 125 branches and 360 ATMs. It launched Platinum RuPay debit card and took
initiatives such as card to card fund transfer and DTH recharge and mobile top-up through
ATM.
237,247.6
Total Income
3.1
4.0
33.6
UCO Bank
10 BTM, Sarani, Barbourne Road, 7th floor, Kolkata - 700001, WB
Website: www.ucobank.com
Top Banks Ranking

Income
Net Profit
Business
16
19
14
Financials (` mn)
Business Profile
UCO Bank (UCO) was incorporated in 1943 as The United Commercial Bank Ltd. and was
nationalized in 1969. In 1985, UCO acquired its present name. It primarily offers personal
banking, corporate, international and rural banking. Personal banking segment offers services
such as deposits, loans/advances, debit card services etc. International banking offers
NRI banking facility, foreign currency loan, finance services to exporters/importers, forex
& treasury services etc. Under rural banking, UCO offers Kisan tatkal Scheme, UCO Estate
Purchase Loan Scheme, UCO Kisan Bhoomi Vridhi Scheme and UCO Kisan All Purpose Term
Loan Scheme. UCO also provides other services like PPF Schemes and tax collection services.
In FY15, the bank has launched a new loan scheme named UCO Yatra Loan scheme and new
savings bank deposit scheme named UCO smart kids for minors above 10 years of age with
ATM card and E-Banking facility. UCO has opened 126 new branches taking the total number
to 3020 as on March 31, 2015, which includes four overseas branches.
213,625.4
Total Income
Net Interest Income
55,624.5
Net Profit
11,378.0
3,616,875.7
Total Business
2,459,169.1
Total Assets
Key Ratios (%)
Net Interest Margin
2.4
Net NPA
4.3
29.3

(As on Mar 31, 2015)
Corporation Bank
Mangaladevi Temple Road, Mangalore - 575001, Karnataka
Website: www.corpbank.com
Top Banks Ranking

Income
Net Profit
Business
17
29
16
Financials (` mn)
Business Profile
Corporation Bank (CorpnBank) was established in 1906 as Canara Banking Corporation (Udipi)
Ltd. The bank acquired its present name in 1980, following its nationalisation in the same year.
CorpnBank primarily operates in personal banking, corporate banking, NRI banking services
and MSME services. Under personal banking, CorpnBank offers deposits, vehicle loans, home
loans, Corp Classic Savings Account, Corp New Gen etc. Under corporate banking, CorpnBank
offers working capital financing, term financing, cash management etc. NRI banking services
like NRO, NRE, FCNR accounts, remittance facilities and loan facilities among others. Under
MSME, it offers products like Corp SME Tex Plus, Corp SME Auto Plus Scheme etc. In FY15,
CorpnBank has opened 277 new branches, 669 ATMs and 99 e-lobies. The bank has also
introduced many techno savvy products and services like Mobile Banking, Tablet Banking, SMS
Banking, E-Passbook, E-Mandate, etc. New products and schemes like Corp FCNR Premium
Account, Corp SaralPlusSavings Account, Corp Club, Corp Privilege, Global Current Account,
Corp Global Card and mobile banking app were launched during the year.
Andhra Bank
Dr. Pattabhi Bhavan, 5-9-11, Saifabad, Hyderabad - 500004, AP
Website: www.andhrabank.in
40,703.4
Net Interest Income
5,842.6
Net Profit
Total Business
3,444,118.5
Total Assets
2,259,930.2
Key Ratios (%)
Net Interest Margin
2.1
Net NPA
3.1
19.7

(As on Mar 31, 2015)
Top Banks Ranking

Income
Net Profit
Business
18
25
19
Financials (` mn)
Business Profile
Andhra Bank (Andhra Bank) was incorporated in 1923 as The Andhra Bank Ltd. The bank
was nationalised in 1980 and acquired its present name. The bank primarily operates under
retail, corporate, NRI, agriculture and MSME. Under retail banking, Andhra Bank offers
deposit schemes, retail loans such as housing, vehicle, education, personal, mortgage loans
etc. Under corporate banking, it offers various products & services such as working capital
loans, bill financing, EXIM financing, term financing, equipment financing; project appraisal
services and loan syndication services among others. NRI banking services include NRE, NRO,
RFC and FCNR accounts, remittance facilities etc. The bank provides short, medium and long
term loans for agricultural and allied activities including various schemes such as AB Kisan
Sampathi, AB Kisan Chakra and AB Kisan Green Card among others. Under MSME, the bank
also provides credit, finances equipment etc.to those engaged in manufacturing and service.
In FY15, Andhra Bank opened 395 branches and added 382 ATMs. The bank launched Visa
Signature Credit Card for its HNI customers.
210,389.1
Total Income
178,684.5
Total Income
Net Interest Income
45,380.3
6,384.4
Net Profit
Total Business
2,809,669.7
Total Assets
1,851,703.5
Key Ratios (%)
Net Interest Margin

Net NPA
3.0
2.9
27.4
(As on Mar 31, 2015)
Indian Bank
66, Rajaji Salai, Chennai - 600001, TN
Website: www.indianbank.in
Top Banks Ranking

Income
Net Profit
Business
19
21
18
Financials (` mn)
Business Profile
Indian Bank was incorporated in 1907. In 1962, the bank acquired the businesses of
Royalaseema Bank, The Bank of Alagapuri, Salem Bank, The Mannargudi Bank and The Trichy
United Bank. The bank was nationalised in July 1969. The bank mainly operates in treasury,
corporate & wholesale banking and retail banking segments. Indian Bank offers lending and
deposit schemes catering to individuals, NRIs, priority sectors, corporates, professionals,
agricultural sector etc. In FY15, Indian Bank has opened 159 branches and 221 ATMs taking
the total to 2412 branches and 2409 ATMs. As on Mar 31, 2015, there were 45 MICROSATE
branches for specialized lending to Self Help Groups (SHGs). Bank has opened 1397 Ultra
Small Branches (USBs) in villages with population above 2000. During FY15, the bank launched
dedicated products for remittance, collection and funds management namely, ib remit, ib
collect, ib fund manager and ib fund monitor. The bank also launched Hi-Tech products namely
On line Net Banking facility with Green PIN, e-purse and IB Smart Remote.
172,163.0
Total Income
Net Interest Income
44,612.9
Net Profit
10,051.7
2,950,888.2
Total Business
1,928,359.7
Total Assets
Key Ratios (%)
Net Interest Margin
2.5
Net NPA
2.5
28.8

(As on Mar 31, 2015)

Gunfoundry, Hyderabad - 500001, AP
Website: www.sbhyd.com
Top Banks Ranking

Income
Net Profit
Business
20
18
20
Financials (` mn)
Business Profile
State Bank of Hyderabad (SBH) was incorporated in 1941 as Hyderabad State Bank. The bank
took over assets of Hyderabad Mercantile Bank Ltd in 1953 and during the same year, forayed
into undertaking the government and treasury business as the agent of RBI. In 1956, the bank
was taken over by RBI as its subsidiary and subsequently acquired its present name. The bank
became a subsidiary of SBI in 1959. SBH is primarily engaged in personal, MSME, corporate,
NRI and agriculture operations. Under personal banking, it offers home loan, used car loan,
depository services, schemes such as SBH Sahaj (Small Account), SBH Education Loan Gyan
Shakti etc. Under MSME, it offers schemes such as mortgage loan, Laghu Udyami Credit Card,
MSME Credit Plus among others. Under corporate operations, it provides schemes such as
Rent Plus Scheme, deposit scheme for corporate customers etc. Under agriculture financing,
SBH provides production credit loans such as financing tenant farmers, produce marketing
loans etc. and investment credit loans for financing drip/sprinkler irrigation system, financing
tractor and tiller among others.
Bank of Maharashtra
Lokmangal, 1501 Shivaji Nagar, Pune 411005, Maharashtra
Website: www.bankofmaharashtra.in
10
43,926.1
Net Interest Income
13,171.3
Net Profit
Total Business
2,352,193.2
Total Assets
1,545,027.8
Key Ratios (%)
Net Interest Margin
3.3
Net NPA
2.2
33.2

(As on Mar 31, 2015)
Top Banks Ranking

Income
Net Profit
Business
21
34
21
Financials (` mn)
Business Profile
Bank of Maharashtra (BoM) was incorporated in 1935 and was nationalized in 1969. During
2005, BoM ventured into bancassurance and mutual fund distribution business. BoM offers
various deposit schemes namely savings deposits, current deposits, term deposits and
capital gain account scheme. Under savings deposits, it provides schemes like MahabankYuva Yojan, Mahabank Lok Bachat Yogna, Mahabank Royal Savings Account, NRI Ordinary
Account, NRI External Account etc. Under current accounts, it offers Current Account Scheme
and Diamond Current Account Scheme. Term deposit schemes like Mahabank Term Deposit
Scheme, Monthly Interest Deposit Scheme, Maha Millionaire Scheme, Mahasaraswati Scheme
etc. It also provides demat services, RTGS/NEFT, NRI Services amongst others. In FY15, BoM
has launched Purple Privileges account for its HNIs with features like dedicated relationship
manager and unlimited debit card transactions at ATMs, etc. It has launched MahaMobile, its
mobile banking app and has renovated and modernized 3 branches titled Utkarsha Branches.
The bank has also launched Maha Secure, which is a next generation digital banking solution.
151,488.2
Total Income
136,714.2
Total Income
Net Interest Income
38,750.4
4,506.9
Net Profit
Total Business
2,207,180.4
Total Assets
1,460,187.9
Key Ratios (%)
Net Interest Margin

Net NPA
(As on Mar 31, 2015)
2.8
4.2
37.1
Vijaya Bank
Top Banks Ranking
Income
Kishore Sansi
Managing Director & CEO
Financials (` mn)
Total Income
131,524.9
Net Interest Income
22,922.8
Net Profit
4,394.1
Total Business
2,140,348.9
Total Assets
1,426,430.9
Key Ratios (%)
Net Interest Margin
1.9
Net NPA
1.9

(As on Mar 31, 2015)
Management Details
Kishore Sansi
Executive Directors
K Ramadas Shenoy
B S Rama Rao
Directors
Sanjay Kumar
Suma Varma
P Vaidyanathan
Bharatai Rao
Y Muralikrishna
Address and Website
41/2, M.G. Road,
Bengaluru 560001,
Karnataka
Website: www.vijayabank.com
Advertorial
20.4
25
Net Profit
35
Business
22
About the Bank

Vijaya Bank, a GoI undertaking, was established in 1931 in Mangalore, Karnataka
with an objective to promote banking and entrepreneurship amongst the
farming community of Dakshina Kannada district. The Bank became a Scheduled
bank in 1958, and nine smaller banks were merged with it during 1963-1966.
The Bank was later Nationalised in the second phase of Nationalisation during
1980 and become Sovereign with Professional Management. From its humble
beginning, Vijaya Bank today is a PAN India Institution, serving diverse sectors of
the society with diversified business profile. Presently the bank has more than
3000 delivery channels throughout the country. The banks total business is over
` 2000 bn with a diverse clientele base of over 13 million. The bank has been
continuously striving to make the Retail lending products more competitive in
the market by introducing new products and revamping the existing ones. As at
March 31, 2015, outstanding advances under retail lending portfolio increased
by 20% to reach ` 187.4 bn, accounting for 21.4% of the gross credit. With
Micro, Small and Medium Enterprises (MSMEs) emerging as the potential
growth drivers of the Indian economy, the Banks MSME portfolio recorded a
healthy growth of 15.6% to reach ` 151.7 bn as at March 2015. Vijaya Bank has
a robust IT platform with State of Art Core Banking Solution. The Bank offers
various Electronic Delivery Channels such as Mobile Banking, SMS Banking,
Retail & Corporate Internet Banking besides host of services provided through
ATMs. More than 4.5 millions satisfied ATM card holders are using. ATMs and
large number of financial and non financial transactions are getting processed
through highly customer centric Mobile and Net based solutions. The Bank is
sensitive to the needs of GenY customers and have already set up 17 E-Lobbies
to provide convenience 24x7 Banking services. The bank has extremely exciting
IT Road Map to encompass whole lot of Banking Services to be offered through
Digital Platform. Apart from performing the basic function of resource allocation,
the Bank has set high standards in several niche-oriented initiatives, reflected in
its initiatives for the farm community, SMEs, infrastructure sector, professionals,
students, traders and general public at large. The Bank has also been pioneering
the SHG movement and financing of women entrepreneurs.
Financial Inclusion
The bank has also been actively involved in several social banking activities like
empowering unemployed youths through Vijaya Bank Self Employment Training
Institutes at Mandya, Haveri and Indore and Self-Employment Training Institutes.
The Bank is one of the Founder Trustees of the Karnataka Farmers Resource
Centre set up for imparting training to farmers and agricultural labourers at
Bagalkot. The Bank had been allotted with 1151 Sub Service Areas under PMJDY
comprising 3410 villages and 432 wards on a PAN India basis to provide banking
facilities. The Bank has provided Banking Facilities to these villages through 289
branches and 827 Bank Mitras.
Performance
Deposits (Amount in ` Mn)
Gross Advances (Amount in ` Mn)
1,263,433.5 PCR (%)
64.0
876,915.4 CRAR (Basel III, %)
11.4
Growth of Retail Term Deposits (%, y-o-y)
27.6 CD Ratio (%)
69.4
Growth of Operation Profit (%, y-o-y)
14.1 Gross NPA (%)
2.8
11

11, Hemanta Basu Sarani, Kolkata - 700001, WB
Website: www.unitedbankofindia.com
Top Banks Ranking

Income
Net Profit
Business
27
45
24
Financials (` mn)
Business Profile
United Bank of India (United Bank) was formed in 1950 as United Bank of India Ltd with
the amalgamation of four banks namely, Comilla Banking Corporation Ltd, Bengal Central
Bank Ltd, Camilla Union Bank Ltd and Hooghly Bank Ltd. The Bank was nationalized in 1969.
United bank primarily operates in retail banking, corporate banking, MSME and international
banking. The retail banking offers deposits, loans, cards, investments, remittance and locker
facility. Corporate banking offers term loan, working capital finance, corporate loan, export
credit, cash management services etc. International banking provides forex services and
NRI services. The banks MSME products include United Mahila Udhyami Yojana, United
Udyogshree Yojana, United Doctor Plus, Laghu Udhyami Credit Card among others. The bank
also offers mutual fund facilities, e-banking, SMS banking etc. In FY15, the bank had organized
sensitization programs for issuance of Kisan Credit Card and had issued 150019 fresh cards
during the year. It opened a centralized credit processing center and MSME loan processing
hub at Kolkata, WB.
Dena Bank
Dena Corporate Centre, C10, G Block, BKC, Bandra (E), Mumbai - 400051, Maharashtra
Website: www.denabank.com

The Mall, Patiala - 147001, Punjab
Website: www.sbp.co.in
2,559.9
Net Profit
12
1,755,806.3
Total Business
1,230,275.8
Total Assets
Key Ratios (%)
Net Interest Margin
2.2
Net NPA
6.2
42.0

(As on Mar 31, 2015)
Top Banks Ranking

Income
Net Profit
Business
29
44
23
Financials (` mn)
114,848.2
Total Income
24,478.6
Net Interest Income
2,654.8
Net Profit
Total Business
1,948,703.9
Total Assets
1,299,205.5
Key Ratios (%)
Net Interest Margin
2.3
Net NPA
3.8
27.8

(As on Mar 31, 2015)
Top Banks Ranking

Income
Net Profit
Business
30
40
25
Financials (` mn)
Business Profile
State Bank of Patiala (SBP) was incorporated as the Patiala State Bank in 1917. In 1948,
the bank was reorganized and bought under the control of the RBI. In 1960, SBP became
a subsidiary of the SBI and acquired its present name. SBP primarily operates in personal,
MSME, corporate, NRI and agri & rural banking activities in India. Under personal banking, SBP
offers various deposits schemes such as SB Suraksha & Suraksha Plus Saving Bank Account,
saving bank account for students, Swapan Luxmi Recurring Deposit Scheme, SBP Invest Smart
Account etc. and loan schemes include home loans, car loans, loans against properties, rural
housing loans etc. Under agri & rural banking, SBP offers schemes for financing under Kisan
cards, vegetable cultivation, commercial dairy, produce marketing loan scheme, SBP - Gram
Niwas-Scheme For Financing Rural Housing etc. SBP also offers various banking services to
its NRI customers including Non-Resident External Rupee Deposits, Non-Resident Ordinary
Deposits, housing loan scheme etc. It also offers products such as insurance and mutual fund
and other SBI card services.
24,906.6
Net Interest Income
Business Profile
Dena Bank (Dena Bank) was incorporated in 1938 as Devkaran Nanjee Banking Company Ltd.
The bank was converted into a public limited company in 1939 and was nationalized in 1969. It
came out with its IPO in 1996. Dena Bank undertakes personal banking, international banking,
corporate banking, priority & SME lending and internet banking operations. Under personal
banking, the bank provides deposits and loans schemes like Dena Jeevan SB Account, Dena
Maha Tax Bachat Yojana, Dena Niwas Housing Finance Scheme, Dena Consumer Durable
Loan etc. Under corporate banking, the bank provides sector specific schemes to educational
institutions, builders & developers, hospitals, hotels & restaurants and entertainment
industry. Under the international banking segment, Dena Bank offers trade finance services
and NRI banking services such as NRO, FCNR, NRE, remittance facilities etc. The bank also
offers demat services, mutual funds, insurance products, direct & indirect tax collection
services etc. As of Mar 31, 2015, Dena Bank has opened 106 new branches and 17 E-Smart
customer convenience centers.
119,273.9
Total Income
113,580.6
Total Income
Net Interest Income
25,969.4
3,620.6
Net Profit
Total Business
1,713,470.6
Total Assets
1,167,091.0
Key Ratios (%)
Net Interest Margin

Net NPA
(As on Mar 31, 2015)
2.3
3.9
29.7

Poojapura, Thiruvananthapuram - 695012, Kerala
Website: www.statebankoftravancore.com
Top Banks Ranking

Income
Net Profit
Business
31
41
27
Financials (` mn)
Business Profile
State Bank of Travancore (SBT) was incorporated in 1945 as Travancore Bank Ltd. In 1960, it was
made an associate of the SBI and a member of the State Bank group and acquired its present
name. In 2008, SBT opened its first overseas office in Dubai. SBT offers various services such
as personal banking, NRI banking, corporate banking, MSME and agriculture banking. Under
personal banking, SBT provides various deposit schemes, personal finances, public provident
fund, janapriya account, reverse mortgage loan, car loan, twinkle thrift deposit scheme etc.
The NRI banking business includes NRI deposit schemes, NRI platinum account and loans for
NRIs among others. Under corporate banking, SBT offers vyapar suvidha loan scheme, SBT
Oil Plus Scheme etc. Under agriculture banking, SBT offers agriculture finance, micro finance
and welfare measures. In FY15, SBT opened 2 specialised MSME Branches at Muvattupuzha
and Kannur taking the total number of specialized MSME branches to 10. The bank actively
supported lending to women entrepreneurs. Total lending to women entrepreneurs stood at
` 8,561 crore covering 7, 62,061 borrowers.
105,833.9
Total Income
22,831.4
Net Interest Income
3,355.3
Net Profit
1,597,975.4
Total Business
1,055,954.3
Total Assets
Key Ratios (%)
Net Interest Margin
2.2
Net NPA
2.0
29.8
(As on Mar 31, 2015)
Dun & Bradstreet D-U-N-S No
Top Banks Ranking

Income
Net Profit
Business
Financials (` mn)
Total Income
Net Interest Income
Net Profit
Total Business
Total Assets
Key Ratios (%)
Net Interest Margin
Net NPA
(As on Mar 31, 2015)
Top Banks Ranking

Income
Net Profit
Business
Financials (` mn)
Total Income
Net Interest Income
Net Profit
Total Business
Total Assets
Key Ratios (%)
Net Interest Margin
Net NPA
(As on Mar 31, 2015)
13

Top Banks Ranking
Income
33
Net Profit
24
Business
28
About the Bank

State Bank of Bikaner & Jaipur (SBBJ) traces its roots back to 1943-44, when
Bank of Bikaner and Bank of Jaipur were formed. These two separate entities
were incorporated as subsidiaries of SBI in 1960 and subsequently in 1963, were
merged as a single entity under the name of State Bank of Bikaner & Jaipur. The
bank caters to wide variety of customers by offering a bouquet of services such
as personal banking, NRI services, international banking, corporate banking,
agricultural products, SME services, treasury services and other services such
as demat, internet banking and ATM services among others.
Jyoti Ghosh
Managing Director
Financials (` mn)
Total Income
99,318.4
Net Interest Income
29,414.3
Net Profit
7,768.7
Total Business
1,553,920.0
Total Assets
1,023,015.4
Key Ratios (%)
Net Interest Margin
3.4
Net NPA
2.5

(As on Mar 31, 2015)
Management Details
Chairman
Arundhati Bhattacharya
Managing Director
Jyoti Ghosh
Directors
V G Kannan (MD & GE (A & S)
B Ramesh Babu, R C Srivastava
Gulab Singh, Malvika Sinha
R K Roongta, H R Srivastava
Bharat Rattan, S D Bali
Arun Koolwal
Address and Website
Tilak Marg, C Scheme,
Jaipur 302005,
Rajasthan
Website: www.sbbjbank.com
14
38.8
Business Operations
As at Mar 31 2015, SBBJs business stood at ` 1,553.9 bn of total business,
registering a growth of 11.6%.
Major highlights of its operations during FY15 are mentioned below:
The total deposits growth of the Bank increased at 14.0% to reach ` 842.4
bn while advances grew 8.9% to reach ` 711.5 bn during the year ending
Mar 2015.
The bank increased its customer base in the personal banking segment by
26% with the opening of 3.6 mn new CASA accounts.
The banks home loan and personal loan segment registered a robust
growth of 24.3% and 22.5% respectively.
SBBJs priority sector advances of bank accounted for 42.5% of ANBC.
The bank achieved a CASA ratio of 38.9% while the capital adequacy ratio
of the bank stood at 11.6% which was well above the RBI benchmark of
9%.
The NIM at 3.37 % was one of amongst the best in Industry.
The RoA of the Bank at 0.84 % is one amongst the best in PSBs.
Network and Distribution
As on Mar 31 2015, SBBJ operated through a network of 1,261 branches and
1,843 ATMs. The bank has major presence in Rajasthan with over 80% (1,013)
of its branches in Rajasthan. Beyond Rajasthan also, the Bank has presence
through its branches spread across 19 states and two UTs.
Services & Initiatives
SBBJ offers a host of latest technology driven services including a robust
Internet Banking and Mobile banking platform, which ensures seamless
transactions. The Bank has also rolled out 12 e-Lobbies at various locations,
facilitating the customers with state-of-the-art technology aided services like
ATMs, Cash Deposit Machine (CDM), Self-service Kiosk, e-Pass Book Printer,
Internet Banking Kiosk, Information Kiosk, Cheque Dropbox and LED screens for
customer information display. During FY15, the bank launched one mobile ATM
in the city of Jaipur, Rajasthan.
Advertorial
Punjab & Sind Bank

21, Bank House, Rajendra Place, New Delhi 110008, Delhi
Website: www.psbindia.com
Top Banks Ranking

Income
Net Profit
Business
34
53
29
Financials (` mn)
Business Profile
Punjab & Sind Bank (P&SB) was incorporated in 1908 as The Punjab and Sind Bank Ltd. In
1980, the bank got nationalised. P&SB primarily offers treasury, retail and corporate banking.
The banks business can be further classified into domestic and international banking. Under
domestic banking business, P&SB offers saving account, fixed deposit schemes and recurring
deposit schemes among others. It also offers personal loans, home loans, educational loans
etc. to its domestic clients. Under international banking, it provides services to NRIs like
remittances; NRE, NRO and FCNR accounts among others. In FY15, P&SB has installed 260
new ATMs and opened 126 new branches. It also launched inter-bank fund transfer service
using immediate payment services with mobile to mobile and mobile to account option. It has
introduced e-lobby for its customers convenience and has opened specialized retail lending
branches. The bank had launched campaigns for boosting disbursement to MSME sector,
boosting priority sector lending and financing of agriculture input suppliers. It has signed MoU
with Continental Engines Ltd and Tata Motors Ltd for financing vehicles.

Mysore Bank Circle, K. G. Road, Bengaluru - 560254, Karnataka
Website: www.statebankofmysore.co.in
Total Income
90,173.0
Net Interest Income
16,791.9
1,213.5
Net Profit
977,534.0
Total Assets
Key Ratios (%)
Net Interest Margin
1.8
Net NPA
3.6
21.5

(As on Mar 31, 2015)
Top Banks Ranking

Income
Net Profit
Business
36
37
36
Financials (` mn)
Business Profile
State Bank of Mysore (SB Mysore) was established in 1913 as Bank of Mysore Ltd under the
patronage of the erstwhile Government of Mysore. In 1960, the bank became an associate
of SBI. SB Mysore offers various deposits schemes which include Mybank Suraksha Savings
Account, Mybank Suraksha Savings Plus Account, Mybank Suraksha Time Deposit Account
amongst others. It also provides various advances schemes under personal, commercial &
institutional banking, agricultural financing and MSE lending. Under personal banking, it
provides personal loans, mortgage loans, housing loans etc. Under commercial & institutional
banking, the bank provides various schemes like Traders-Liberalised Trade Finance, Handy
Loans Scheme, SBM Paryatan Plus etc. Under agriculture financing, it offers Kisan Gold Card
Scheme, Kisan Credit Card Scheme etc. In FY15, a new savings bank account called MyBank
Sanchay was introduced, with the added benefits of free accidental insurance cover and free
platinum/gold cards amongst others. SB Mysore also opened one more corporate network
branch at Mysore and upgraded its Ahmedabad branch to corporate network grade in FY15.
1,505,848.9
Total Business
Total Income
77,075.9
Net Interest Income
20,869.0
4,088.0
Net Profit
1,180,896.3
Total Business
794,689.3
Total Assets
Key Ratios (%)
Net Interest Margin
3.0
Net NPA
2.2
33.9
(As on Mar 31, 2015)
Top Banks Ranking

Income
Net Profit
Business
Financials (` mn)
Total Income
Net Interest Income
Net Profit
Total Business
Total Assets
Key Ratios (%)
Net Interest Margin
Net NPA
(As on Mar 31, 2015)
15
Solar Energy: A Rising Sector

The Banking Perspective
Introduction
The sun seems to be shining brightly on the solar energy sector. The industry is seeing heightened activity of
late thanks to the prime ministers plan to enhance the capacity under the Jawaharlal Nehru National Solar
Mission (JNNSM). Under this scheme, the targets have been revised to 100 GW of solar power capacity by
2020 (from the erstwhile target of 22 GW) entailing an investment of around Rs 6 lakh crore. With much
focus on the manufacturing sector as part of the Make in India campaign, the governments thrust is now
on renewable energy, specically solar power to meet the growing demand of industry. Thankfully, India is
naturally blessed with around 3000 hours of sunshine a year.
Driven by favourable policy support from the centre and several state governments, the installed solar
production capacity in FY2015 increased to around 3.7 GW, from about 2.6 GW in the previous year. Almost
85 per cent of the solar production capacity as on March 31, 2015 is spread across four states - Gujarat,
Rajasthan, Madhya Pradesh and Maharashtra.
The declining cost/MW of setting up new solar plants, from around ` 13 crore to around ` 6 crore over the
past three to four years has also increased the attractiveness of solar power as a choice of energy.
Chart 1: Solar capacity growth in India (mw)
120
103.8
Capacity In GW
100
80
75.8
60
50.8
40
28.8
20
0
2.6
3.8
FY14
FY15
10.8
FY16
FY17
FY18
FY19
FY20
(Targeted) (Targeted) (Targeted) (Targeted) (Targeted)
Favourable Conditions
Market Size
Growth Potential
Average Daily Solar Incidence: 4

to 7kWh/m2
Approx. 300 clear sunny days.
Rajasthan, Gujarat, Madhya
Pradesh and Maharashtra
Largest installed capacity.
Total installed capacity 3.7 GW

in CY14.
Large Energy gap to be filled by
Solar Power.
2GW to be added in CY15.
Solar Module Prices at all time

low.
100 GW target under JNNSM by
2020.
Extensive Policy Assistance and
support.
Role of Banking
Around 60 per cent of the total 100GW of the proposed solar capacity is expected to be from large solar plants
with the balance 40 percent coming from decentralised o-grid rood-top based installations.
Considering that a debt-to-equity ratio of 3:1 is the norm, the lending requirement to the solar sector is
expected to be around ` 2 lakh crore over the next seven years (assuming an average of ` 5 crore/MW capital
cost). The credit requirement for the balance 40 GW of rooftop based solar installations would be over and
above this estimate.
Taking into account the required capex, the banking sector plays a crucial role in the growth of the sector.
Accordingly, identifying, managing and mitigating the key risks become crucial.
Given below is SMERAs Rating Methodology:
Off take & Pricing

Risk
Competency
Risk Appetite
Climatic Risk
Counter Party
Risk
Power Generation
Risk
Financial Risk
Funding Risk
Integrity
Operational Risk
Implementation
Risk
Management Risk
Project Risk
Rating Framework
Tariff per Unit
Capital Structure
Tenure of Term
Loan
Interest Rate
Repayment
Structure
+ Group/Parent Notch-Up
Final Credit Rating
Sensitivity Analysis
The nancial risk for solar power projects is signicantly aected by the tari, debt-equity ratio, term loan
tenure and repayment structure. Given that the capital cost/MW and taris are co-related and the project
leverage is generally between 3 to 3.5 times debt equity ratio, SMERA has tried to assess the impact of loan
tenure and structure on the debt repayment ability of the company.
Changes in DSCR: Changes in Repayment Structure and Term Loan Tenure

Assuming a capital cost of INR.6.12 crore per MW Capacity, PLF of 21% (on installation) with an annual
degradation of 0.5%, 3.5 times debt-equity ratio, 10%p.a. rate of interest, tari rate of INR.7.5/unit, and
depreciation charged as per Companies Act @ 16.50%(WDV), following is the trend in the Debt Service
Coverage Ratio:
Minimum DSCR in First Three Years of Operations
Repayment Structure
Tenure (in
Middle
years)
Uniform
Back Loaded
Loaded
6
0.919
0.744
1.036
8
1.081
1.211
1.212
10
1.210
1.212
1.441
12
1.315
1.375
1.593
Thus it can be seen, that for high leverage projects, a longer tenure loan, with ballooning repayment pattern
is ideal for healthy debt servicing ability in the initial years.
Key Success Factors
Adherence to prescribed RPO1 by state utility companies

Improvement in nancial health of the state distribution utilities
Formalisation of renewable energy as an Independent sector within the banking/RBI Guidelines
Timely and ongoing regulatory support to sustain the signicant growth anticipated in the sector
Conclusion
With governments focus on the renewable sector, a revolution in the Indian solar sector can be expected
in the next ve to seven years. The banking sector will have a larger role to play in terms of providing
nancial support for the kind of growth anticipated. Further, this needs to be complimented with acute risk
management practices and detailed due-diligence of projects along with evaluation of all the risk parameters
both pre and post commissioning. SMERA Ratings as a credit rating agency possesses detailed understating of
the solar power space and can play a pivotal role in analysing and identifying the risks in this sector to ensure
sustainable growth.
Renewable purchase obligation (RPO) is the minimum obligation for the obligated entities, like state utility companies to purchase renewable energy
out of their overall energy requirements.
Private Banks
Comparative Matrix
TI
Rank
Banks
Total Income
(` mn)
Net Interest
Income
(` mn)
Advances
(` mn)
Deposits
(` mn)
CASA Ratio
(%)
ICICI Bank Limited
612,672.7
190,396.1
3,875,220.7
3,615,627.3
45.5
HDFC Bank Limited
574,662.6
223,956.7
3,654,950.3
4,507,956.4
44.0
Axis Bank Limited
438,436.4
142,241.4
2,810,830.3
3,224,419.4
44.8
Yes Bank Limited
136,184.6
34,878.4
755,498.2
911,758.5
23.1
120,958.4
34,202.8
687,882.0
741,343.6
34.1
117,483.2
42,237.3
661,607.1
748,603.1
36.4
82,977.7
23,804.1
512,849.9
708,249.9
30.8
76,551.0
26,509.1
445,858.2
657,561.9
41.8
59,767.2
14,659.0
361,089.4
446,902.7
22.0
10
57,832.9
13,662.3
373,916.4
519,124.9
20.6
11
52,054.1
11,688.5
316,799.9
460,086.1
24.9
12
31,274.1
8,834.3
193,359.5
256,498.6
19.6
13
31,029.6
8,073.7
179,655.0
240,749.6
19.2
14
24,985.6
5,266.5
163,520.2
219,642.1
16.7
15
RBL Bank Limited
23,564.9
5,563.6
144,498.3
170,992.5
18.5
16
16,719.0
3,559.8
94,719.6
144,744.9
17
DCB Bank Limited
15,881.4
5,082.2
104,650.6
126,091.3
23.4
18
13,685.4
2,988.4
76,698.1
123,816.8
24.3
19
5,567.6
1,698.5
25,568.5
53,440.4
34.4
ICICI Bank Limited

Landmark, Race Course Circle Vadodara - 390007, Gujarat
Website: www.icicibank.com
Top Banks Ranking

Income
Net Profit
Business
Financials (` mn)
Business Profile
ICICI Bank Ltd (ICICI Bank) was promoted in 1994 by ICICI Ltd. ICICI Bank provides personal,
private, NRI, and corporate banking services. Personal banking offers services like savings
account, current account, fixed deposits etc. It also provides insurance facilities such as life
insurance, car insurance and health insurance among others. Corporate banking offers cash
management services, merchant banking, global trade, forex and custodial services. NRI
banking provides services such as NRE, NRO, RFC and FCNR accounts. During FY15, the bank
launched a twitter application which enables customers to transfer funds while they are on
twitter. It also launched a digital bank called Pockets which allows any individual to instantly
activate the e-wallet to transfer funds to any e-mail id, mobile number, friends on Facebook
and bank account. ICICI Banks new branch in China marks a significant milestone for the Banks
international operations. It also announced the launch of voice recognition service which
authenticates customers based on their speech patterns and allows them to execute banking
transactions through the Banks call Centre in a quick, secure and convenient manner.
HDFC Bank Limited

HDFC Bank House, Senapati Bapat Marg, Lower Parel (W) Mumbai - 400013, Maharashtra
Website: www.hdfcbank.com
Total Income
612,672.7
Net Interest Income
190,396.1
Net Profit
111,753.5
Axis Bank Limited

Trishul, 3rd Floor, Near Law Garden, Ellisbridge, Ahmedabad - 380006, Gujarat
Website: www.axisbank.com
Key Ratios (%)

Net Interest Margin
3.5
Net NPA
1.4
45.5

(As on Mar 31, 2015)
Top Banks Ranking

Income
Net Profit
Business
Financials (` mn)
Total Income
574,662.6
Net Interest Income
223,956.7
102,159.2
Net Profit
Total Business
8,162,906.7
Total Assets
5,905,030.7
Key Ratios (%)
Net Interest Margin
4.4
Net NPA
0.3
44.0

(As on Mar 31, 2015)
Top Banks Ranking

Income
Net Profit
Business
Financials (` mn)
Business Profile
Axis Bank Ltd (Axis Bank) was promoted in 1993, jointly by administrator of the specified
undertaking of the UTI, LIC, GIC, National Insurance, New India Assurance, Oriental Insurance
and United India Insurance companies. Axis Bank offers wide range of financial services to
Large and Mid-Corporates, MSME, Agriculture and Retail Businesses. It provides services like
personal banking, NRI banking, agri. & rural banking among others. Under personal banking it
offers savings account, current account, salary account; deposits such as fixed, recurring, tax
server fixed deposit etc. The loan services includes home, personal, car loan etc. NRI banking
offers NRE, NRO, NRI and RFC account facility among others. Under agri. & rural banking,
the bank provides various types of services like agriculture business loan, micro finance and
rural banking initiatives etc. During FY15, the bank launched Axis Bank Suvidhaa Prepaid
card, tablet-based financial planning app and Ping Pay app, and also signed MoU with Indian
Army to offer Power Salute salary account. Most premium banking service, Burgundy was
introduced by Axis Bank during the same period.
6,461,292.9
Total Assets
Business Profile
HDFC Bank Ltd (HDFC Bank) was incorporated in Aug 1994 as a private sector bank and
commenced its operations as a scheduled commercial bank in 1995. The banks business
segments include personal banking, wholesale banking, retail banking and treasury
operations. Personal banking offers services such as saving account, current account, salary
account; loans etc. NRI banking offers offshore accounts & deposits, various types of loans
and payment services. The wholesale banking offers services to the corporates, financial
institutions & trusts; export credit, cash management, foreign exchange and internet banking
services among others. The treasury segment offers services like investment portfolio, money
market borrowing and lending, foreign exchange and derivative contracts. Under retail
banking, it provides various depository services, several transactional services, retail loans,
cards services, demat accounts, investment facility and various types of insurance, premium
banking and private banking services. In FY15, the bank launched its own wallet called
PayZapp. During the same period, the bank also opened 611 new branches and 510 ATMs.
7,490,848.0
Total Business
Total Income
438,436.4
Net Interest Income
142,241.4
73,578.2
Net Profit
Total Business
6,035,249.7
Total Assets
4,619,323.9
Key Ratios (%)
Net Interest Margin

Net NPA
3.9
0.4
44.8
(As on Mar 31, 2015)
23
Yes Bank Limited

Nehru Centre, 9th Floor, Dr. A. B. Road, Worli, Mumbai 400018, Maharashtra
Website: www.yesbank.in
Top Banks Ranking

Income
Net Profit
Business
22
10
26
Financials (` mn)
Business Profile
Yes Bank Ltd (Yes Bank) was incorporated in Nov 2003 and commenced its operations in 2004.
The bank primarily offers branch banking, corporate banking, MSME banking and knowledge
banking. Under branch banking, it provides various products and services such as savings
account, Smart salary account, fixed deposits, car loan, loan against securities etc. Yes Bank
provides a range of products under corporate banking to SMEs, partnership firms, trusts; large
corporate, MNCs, FIs, PSUs among others. The bank also provides services such as working
capital finance, treasury risk management services, cash and liquidity management solutions
etc. Under MSME banking, the bank offers various trade finance, commercial vehicle financing,
healthcare equipment funding, agri finance, YES Samriddhi, YES Sambhav among others. In
Jan 2015, Yes Bank launched its Internet payment gateway (IPG), for online acceptance of VISA
& MasterCard by the online sellers and customer convenience. On Apr 4, 2015, it entered into
a tie-up with Twitter for a missed-call facility that sends SMS-based tweets to stakeholders
who do not have an online Twitter account.

2401, General Thimmayya Road (Cantonment), Pune - 411001, Maharashtra.
Website: www.indusind.com
Net Interest Income
34,878.4
Net Profit
20,053.6

27BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai - 400051, Maharashtra
Website: www.kotak.com
24
1,361,704.1
Total Assets
Key Ratios (%)
Net Interest Margin
3.2
Net NPA
0.1
23.1

(As on Mar 31, 2015)
Top Banks Ranking

Income
Net Profit
Business
26
12
31
Financials (` mn)
120,958.4
Total Income
34,202.8
Net Interest Income
17,937.2
Net Profit
Total Business
1,429,225.6
Total Assets
1,091,159.2
Key Ratios (%)
Net Interest Margin
3.7
Net NPA
0.3
34.1

(As on Mar 31, 2015)
Top Banks Ranking

Income
Net Profit
Business
28
11
33
Financials (` mn)
Business Profile
Kotak Mahindra Bank Ltd (KMBL) was established in 1985, as Kotak Capital Management
Finance Ltd. In 2003, KMBL was granted banking license and acquired its present name. KMBL
operates under business segments namely, retail banking, corporate/wholesale banking and
treasury. Personal banking offers saving, current and corporate salary accounts; loans facilities
such as home, personal, education loan etc. Corporate banking offers export credit, custody
services and debt capital markets. NRI banking offers NRE, NRO accounts, FCNR deposits,
loans and remittance facilities among others. In 2014, the bank announced its entry into
General Insurance business. KMBL also launched first of its kind social bank account Jifi and
created a platform for instant fund transfer using social media facebook KayPay . As on Mar
31, 2015, KMBL had 684 branches and 1273 ATMs, covering 379 locations. During FY15, the
bank launched Sanman savings bank account in unbanked rural locations. It also started with
a new saving bank account Jifi Saver for seamless transactions on popular social networks.
RBI approved merger of ING Vysya Bank with KMBL effective April 1, 2015.
1,667,256.6
Total Business
Business Profile
IndusInd Bank Ltd (IndusInd) was incorporated in 1994. In the year 2000, it became clearing
cum settlement bank for BSE and NSE. In 2003, IndusInd Enterprises & Finance Ltd, a NBFC and
one of the promoters of the bank amalgamated with the Bank. Further in 2004, Ashok Leyland
Finance Ltd was also merged with the bank and opened a representative office in Dubai.
IndusInd operates under the business segments namely, retail banking, treasury banking
and corporate & wholesale banking. Under personal banking, it offers various products and
services like home loan, vehicle loan, personal loan, loan against property, savings account,
salary account, flexi recurring deposits, young saver deposits, senior citizen scheme etc.
The corporate banking division provides an array of services like corporate, investment and
commercial banking among others. Under NRI banking, it offers NRE, NRO and RFC account.
During FY15, the bank entered into an agreement with Royal bank of Scotland N.V. to acquire
its diamond and jewelry financing business in India and in July 2015, it opened its fourth
currency chest in Kolkata.
136,184.6
Total Income
117,483.2
Total Income
Net Interest Income
42,237.3
Net Profit
18,659.8
Total Business
1,410,210.2
Total Assets
1,060,120.7
Key Ratios (%)
Net Interest Margin

Net NPA
(As on Mar 31, 2015)
4.9
0.9
36.4

P O Box No. 103, Federal Towers, Alwaye - 683101, Kerala
Website: www.federalbank.co.in
Top Banks Ranking

Income
Net Profit
Business
35
20
35
Financials (` mn)
Business Profile
The Federal Bank Ltd (Federal Bank) was incorporated in 1931 as Travancore Federal Bank Ltd.
In 1949, the bank acquired its present name and subsequently in 1970 Federal Bank became
a scheduled commercial bank. In 1972 the bank forayed into foreign exchange business and
commenced merchant banking in 1989. Federal Bank is listed on London Stock Exchange
followed by BSE, NSE and Cochin Stock Exchange. The banks product portfolio includes
personal, NRI, SME business, corporate and agriculture banking. Under personal banking it
offers accounts and deposits such as savings accounts, salary accounts; demat accounts; loans
and advances such as gold, house, property, car etc. NRI banking services include NRO, NRE
accounts, remittance facilities and loan facilities among others. It also offers mutual funds,
general and life insurance services. Agri-business provides services like agri. Loan, Federal
Kisan Credit Card (FKCC) etc. During FY15, Federal Bank & SBI Card joins to launch co-branded
credit cards. In June, 2015 the bank launched Scan N Pay and VConnect facility.
Total Income
82,977.7
Net Interest Income
23,804.1
Net Profit
10,057.5
1,221,099.8
Total Business
828,504.8
Total Assets
Key Ratios (%)
Net Interest Margin
3.3
Net NPA
0.7
30.8
(As on Mar 31, 2015)
Top Banks Ranking

Income
Net Profit
Business
Financials (` mn)
Total Income
Net Interest Income
Net Profit
Total Business
Total Assets
Key Ratios (%)
Net Interest Margin
Net NPA
(As on Mar 31, 2015)
Top Banks Ranking

Income
Net Profit
Business
Financials (` mn)
Total Income
Net Interest Income
Net Profit
Total Business
Total Assets
Key Ratios (%)
Net Interest Margin
Net NPA
(As on Mar 31, 2015)
25

Top Banks Ranking
Income
Mushtaq Ahmad
Chairman & CEO
Financials (` mn)
Total Income
76,551.0
Net Interest Income
26,509.1
Net Profit
5,086.0
Total Business
Total Assets
1,103,420.0
760,854.5
Key Ratios (%)

Net Interest Margin
3.8
Net NPA
2.8

(As on Mar 31, 2015)
Management Details
Chairman & CEO
Mushtaq Ahmad
Directors
NK Choudhary
JP Sharma
MI Shahdad
V Kuthiala
N Ali
AM Matto
RK Gupta
DK Kaul
KA Jeelani
Address and Website
M A Road,
Srinagar 190001,
Jammu & Kashmir
Website: www.jkbank.net
26
41.8
37
Net Profit
30
Business
37
About the Bank

Incorporated in 1938 and promoted by the Government of Jammu and Kashmir
(J&K) state, which holds 53.17% stake in the Bank, The Jammu and Kashmir
Bank Ltd (J&K Bank) is headquartered at Srinagar and has a National Business
Centre at Mumbai and North Zone headquarters at Gurgaon, Haryana. J&K
Bank functions as a universal bank in Jammu & Kashmir and as a specialist bank
in rest of country. It conducts banking business of the Central Government like
Direct/Indirect Tax collection and Utility bills collection. J&K Bank operates on
the principle of socially empowering banking and seeks to deliver innovative
financial solutions for households and small & medium enterprises. J&K Bank
dominates in the state of Jammu & Kashmir with its branch network spread
across every block of J&K. JKB Financial Services Limited, a new generation
brokering company with ` 150 bn portfolio, is a wholly owned subsidiary of
Jammu and Kashmir Bank Ltd. Also, J&K Bank has 5% stake in MetLife India.
Business Operation
J&K Bank operates under four business segments, namely treasury operations,
corporate/wholesale banking, retail banking and other banking business. It also
offers NRI banking; third party services; depository services; support services
like internet and SMS banking, merchant acquiring among others. Some of
the banks diversified product range includes JK Bank Housing Loan Scheme,
JK Bank Car Finance, JK Bank All Purpose AgriTerm Loan and Saral/ Saholiat
Finance Scheme among others. New products added to the banks basket
are Commercial Floriculture Finance, Seed Capital Fund scheme under Shere-Kashmir Employment Welfare Program for Youth, JK Bank Scooty Finance,
Technology Upgradation Scheme for MSE sector, J&K Contributory Social Service
Scheme and JK Bank Apple Advance Scheme among others. The bank distributes
life insurance products of MetLife India Insurance, non-life insurance products
of Bajaj Allianz General Insurance and mutual funds products of various AMC
like UTI, Kotak and Reliance mutual fund. Besides, the bank has integrated with
more than 1000 online merchants like BSNL, Airtel, LIC, MetLife, Tata Sky and
Make My Trip among others to offer online bill payment/shopping facility to its
customers.
Operational Highlights
As on March 31 2015, the banks total business stood at ` 1,103.4 bn. The total
deposits and CASA deposits of the bank stood at ` 657.6 bn and ` 274.7 bn
respectively. The net advances and investment portfolio of the bank stood
at ` 445.9 bn and ` 251.2 bn respectively. Capital Adequacy ratio and NPA
provision coverage ratio of J&K Bank stood at 12.6% and 59.0% respectively.
During the year, cost of deposit and yield on advances stood at 6.7% and 11.5%
respectively.
J&K Bank has presence in over 20 states and one union territory across the
country. During FY15, J&K Bank opened 40 new branches taking the total
number of branches to 817 comprising 45 metro, 186 urban, 152 semi-urban
and 434 rural branches. During the year, the bank opened 85 ATMs taking the
total number of ATMs to 885 as on Mar 31 2015.
Advertorial

Erode Road, Central Office, Karur 639002, TN
Website: www.kvb.co.in
Top Banks Ranking

Income
Net Profit
Business
38
32
39
Financials (` mn)
Business Profile
The Karur Vysya Bank Ltd (KVB) was set up in 1916 in Karur, TN. In 1927, KVB opened its first
branch at Dindigul, TN. KVB primarily operates in three business segments namely treasury,
corporate/wholesale banking and retail banking. The bank provides services such as personal
banking, corporate banking, agricultural banking and services to NRIs and MSME. Under
personal banking, it provides products such as housing loan, personal loan; mutual funds;
insurance; deposits services such as saving account, and fixed deposits among others. Under
corporate banking, KVB provides products like corporate loans; demat account, multicity
current account and general insurance etc. Agri banking segment provides scheme such as
kisan mithra scheme and KVB happy kisan. Under MSME, the bank provides products such as
KVB MSME Cash, KVB MSME Term Loan, KVB MSME Vendor Bill Discounting, KVB MSME EXPO,
KVB MSME Standby Term Loan among others. During FY15, the bank signed an MOU with
Daimler India Commercial Vehicles Pvt. Ltd to finance trucks manufactured by the company
under the brand name Bharath Benz.

SIB House, TB Road, Mission Quarters, Thrissur - 680001, Kerala
Website: www.southindianbank.com
Total Income
59,767.2
Net Interest Income
14,659.0
4,642.8
Net Profit
531,524.8
Total Assets
Key Ratios (%)
Net Interest Margin
2.9
Net NPA
0.8
22.0

(As on Mar 31, 2015)
Top Banks Ranking

Income
Net Profit
Business
40
42
38
Financials (` mn)
Business Profile
The South Indian Bank Ltd (SIB) was incorporated as a private sector bank in 1929 in the state
of Kerala. The bank was registered as scheduled bank in 1946 under the RBI Act. In 1990, SIB
entered into merchant banking business. In 1992, SIB opened a currency chest on behalf of
RBI. In June 1993, the bank opened overseas branch to cater exclusively to the export and
import business. SIB operates in personal, NRI and business banking segments. Under personal
banking, SIB offers savings and deposit accounts, personal loans, home loans, agricultural
loans, mutual funds, demat services etc. Under NRI banking, it offers services such as NRE,
NRO accounts; loans and money transfer services among others. Under business banking, it
offers working capital finance, long term finance and non-fund based finance services among
other. It also provides internet banking services under the brand name SIBerNet. In FY15, SIB
introduced focused green channel branches to drive faster loan growth to SMEs and special
retail hub in Cochin to increase focus on housing finance.
807,992.1
Total Business
Total Income
57,832.9
Net Interest Income
13,662.3
3,072.0
Net Profit
Total Business
893,041.2
Total Assets
591,163.2
Key Ratios (%)
Net Interest Margin
2.4
Net NPA
1.0
20.6

(As on Mar 31, 2015)

Mahaveera Circle, Kankanady, Mangaluru - 575002, Karnataka
Website: www.karnatakabank.com
Top Banks Ranking

Income
Net Profit
Business
41
33
40
Financials (` mn)
Business Profile
The Karnataka Bank Ltd (Karnataka Bank) a scheduled commercial bank was incorporated in
1924. Over the years it was merged with Sringeri Sharada Bank Ltd, Chitradurga Bank Ltd. and
Bank of Karnataka. The banks product portfolio includes personal, business, internet banking
and money transfer services. Personal banking segment provides customized services such as
high earning deposits, easy and convenient loans, life insurance service and utility bill payment
facility. It also provides working capital finance, term loans and infrastructure finance. The bank
had also forayed into general insurance business by promoting a joint venture with Universal
Sompo General Insurance Co Ltd and also entered into a corporate agency arrangement for
distribution of their general insurance products. During FY15, Karnataka bank also launched
Pradhan Mantri Suraksha Bima Yojna. It has also signed a MoU with INTECH and Edelweiss
Integrated Commodity Management Limited. The bank has added 75 new branches and 300
ATM outlets at various locations during the same period.
Total Income
52,054.1
Net Interest Income
11,688.5
4,514.5
Net Profit
Total Business
776,885.9
Total Assets
518,366.0
Key Ratios (%)
Net Interest Margin

Net NPA
2.4
2.0
24.9
(As on Mar 31, 2015)
27

57, V. E Road, Thoothukudi - 628002, TN
Website: www.tmb.in
Top Banks Ranking

Income
Net Profit
Business
42
39
42
Financials (` mn)
Business Profile
Tamilnad Mercantile Bank Ltd (TMB) was registered as Nadar Bank Ltd in 1921. In 1993, the
bank established its first currency chest at Madurai and industrial finance branches in TN and
AP. TMB primarily operates in personal banking, NRI & international banking and business &
corporate banking segments. Under personal banking, the bank provides savings account,
fixed deposits, recurring deposits; retail loans such as home loan, education loan, car loan,
pension loan; mobile or SMS banking, demat account etc. Under NRI banking, it provides
FCNR-B, NRE, NRO, RFC accounts; money transfer & forex services and travel cards among
others. Under business & corporate banking, the bank provides business accounts such as
current account, cash credit account; commercial loans such as SME credit, tractor loan,
trader or service loan etc. As on Apr 2015, the bank has a network of 885 ATMs and 431
branches all over India. It also opened 2 eLobby centers at Thoothukudi & Tirunelveli during
the same period.
31,274.1
Total Income
Net Interest Income
8,834.3
Net Profit
3,794.0
449,858.1
Total Business
297,494.5
Total Assets
Key Ratios (%)
Net Interest Margin
3.1
Net NPA
0.7
19.6

(As on Mar 31, 2015)

149, T S R Big Street, Kumbakonam 612001, TN.
Website: www.cityunionbank.com
Top Banks Ranking

Income
Net Profit
Business
43
38
43
Financials (` mn)
Business Profile
City Union Bank Ltd (CUB) was incorporated in 1904 as The Kumbakonam Bank Ltd. In 1957,
CUB took over Common Wealth Bank Ltd. In 1965, The City Forward Bank Ltd and The Union
Bank Ltd were amalgamated with the bank. In 1987 the bank acquired its present name. CUB
operates under business segments namely corporate and wholesale banking, retail banking,
treasury and other banking operations. The banks product portfolio includes savings account,
current account; deposits accounts such as fixed deposit, recurring deposits etc. NRI banking
services including NRO, NRE and remittance facilities among others. It also provides consumer
loan, loan against deposit, cash credit loan, secured over draft, securities loan etc. CUB also
provides facilities such as ATM services, RTGS, NEFT, demand draft services, nomination
facility, financial inclusion, locker rent etc. Online banking services include online shopping,
railway tickets booking, mobile banking, utility bill payments etc. It also offers LIC and National
Insurance Co Ltd. life and non-life insurance products. During FY15, CUB launched Corporate
Net Banking with transactional facility and inaugurated 9 new branches.

Salem Road, Kathaparai, Karur 639006, TN
Website: www.lvbank.com
3,950.2
Net Profit
Total Business
420,404.6
Total Assets
278,711.3
Key Ratios (%)
Net Interest Margin
3.4
Net NPA
1.3
19.2

(As on Mar 31, 2015)
Top Banks Ranking

Income
Net Profit
Business
46
52
44
Financials (` mn)
24,985.6
Total Income
Net Interest Income
5,266.5
Net Profit
1,322.9
Total Business
383,162.3
Total Assets
247,054.4
Key Ratios (%)
Net Interest Margin

Net NPA
(As on Mar 31, 2015)
28
8,073.7
Net Interest Income
Business Profile
The Lakshmi Vilas Bank Ltd (LVB) was incorporated in 1926 and obtained the certificate to
commence business in Nov 1926. In August 1958, LVB became a scheduled commercial
bank signifying capability to operate as a full-fledged commercial bank. During the period
1961-1965, the bank took over nine other banks. The bank operations are spread over a
network of 400 branches with PAN India presence. LVB offers a wide range of deposit and
loan products and services to small business and corporate clients. It provides savings and
current account schemes namely Lakshmi Power, Lakshmi Savings Gold, Savings Balance Free
and Savings Youth Power among others. The bank also provides NRI services like NRE, NRO
and RFC account facility to their clients. Wealth management services offers product such as
life insurance, general insurance, ECGC, mutual funds, portfolio management services, demat
services and online trading service among others. During FY15, the bank has opened 38 new
branches and installed 180 ATMs taking the network above 400 branches and 820 ATMs.
31,029.6
Total Income
2.3
1.9
16.7
RBL Bank Limited

First Lane, Shahupuri, Kolhapur - 416001, Maharashtra
Website: www.rblbank.com
Top Banks Ranking

Income
Net Profit
Business
47
48
46
Financials (` mn)
Business Profile
RBL Bank Ltd (RBL Bank) was established in 1943. RBL Bank provides services under five
business units namely, corporate & institutional banking, commercial banking, retail banking,
agri & development banking and financial markets. Under commercial banking, it provides
services to SMEs including credit for supply chain management, commercial vehicle finance;
short-term loan and term loan among others. Under corporate and institutional banking, it
caters to businesses with a turnover exceeding ` 15 bn, financial institutions & government
sector and offers products & services such as cash credit, trade finance, supply chain financing
solutions etc. RBL Bank also offers NRI banking services such as NRE and NRO accounts; money
transfer facility etc. In May 2014, RBL Bank along with Delhi Daredevils launched a co-branded
Cricket Credit Card, to offer lifestyle and sporting privileges to the countrys cricket fans. The
bank also launched a credit card for golf enthusiasts and the India Startup Club to cater to the
needs of the entrepreneurial ecosystem. The bank partnered with CDC to expand its Financial
Literacy program Saksham in Madhya Pradesh.

Post Box No 502, CSB Bhavan, St Marys College Road, Thrissur 680020, Kerala
Website: www.csb.co.in
Net Interest Income
5,563.6
Net Profit
2,071.7
315,490.8
Total Business
271,046.7
Total Assets
Key Ratios (%)
Net Interest Margin
3.1
Net NPA
0.3
18.5

(As on Mar 31, 2015)
Top Banks Ranking

Income
Net Profit
Business
52
66
49
Financials (` mn)
Business Profile
The Catholic Syrian Bank Ltd (CSB) was established in 1920 and commenced operations in
1921 in Kerala. In 1964-65, the bank acquired assets of five small/medium sized banks in
Kerala. The bank attained the status of A Class Scheduled Bank in 1975 and the bank forayed
into foreign exchange business in the same year. The bank operates in corporate banking and
retail banking segments. The bank offers various deposit products including savings account,
current account, fixed deposit, cumulative deposit etc. It also offers loan products such as
gold loan, educational loan, car loan, house loan and agricultural finance among others.
CSB provides NRI services such as NRO, NRE, RFC and FCNR accounts; loans etc. The bank
also operates web enabled international money transfer service viz. Wall Street Instant Cash
and MoneyGram. The bank has a tie up with Birla Sun Life Insurance as their Bancassurance
partner. The bank also offers insurance product, RTGS and NEFT services. The bank has 431
functional branches and 233 ATMs across the country as of FY15.
23,564.9
Total Income
16,719.0
Total Income
Net Interest Income
3,559.8
(531.7)
Net Profit
Total Business
239,464.5
Total Assets
157,622.7
Key Ratios (%)
Net Interest Margin
Net NPA
(As on Mar 31, 2015)
Top Banks Ranking

Income
Net Profit
Business
Financials (` mn)
Total Income
Net Interest Income
Net Profit
Total Business
Total Assets
Key Ratios (%)
Net Interest Margin
Net NPA
(As on Mar 31, 2015)
29
DCB Bank Limited

Top Banks Ranking
Income
Murali Natrajan
Financials (` mn)
Total Income
15,881.4
Net Interest Income
5,082.2
Net Profit
1,911.8
Total Business
230,741.9
Total Assets
161,323.1
Key Ratios (%)
Net Interest Margin
3.7
Net NPA
1.0
23.4
(As on Mar 31, 2015)

Management Details
Chairman
N Munjee
M Natrajan
Directors
A Jiwani, A Manekia, C Narasimhan,
I Contractor, J Pradhan, K Elavia, N Shah,
RD Singh, S Sridhar, S Dharamshi,
S Nathani
Address and Website
6th Floor, Tower A
Peninsula Business Park
Senapati Bapat Marg
Lower Parel
Mumbai - 400013
Maharashtra
Website: www.dcbbank.com
30
53
Net Profit
49
Business
50
About the Bank

DCB Bank Ltd (DCB Bank), formerly known as Development Credit Bank Ltd is
one of the modern emerging new generation private sector banks with 157
branches across 17 states and 2 union territories. It is a professionally managed
and governed scheduled commercial bank regulated by RBI. DCB Bank caters
to retail, MSME, mid-corporate, agriculture, commodities, government, public
sector, Indian banks, co-operative banks and non-banking finance companies
(NBFC). DCB Bank has approximately 450,000 customers. DCB Bank has
deep roots in India since its inception in 1930s. Its promoter and promoter
group the Aga Khan Fund for Economic Development (AKFED) & Platinum
Jubilee Investments Ltd. holds over 16.41% stake. AKFED is an international
development enterprise. It is dedicated to promoting entrepreneurship and
building economically sound companies.
Business Operation
DCB Bank classified its services into treasury operations, corporate banking,
retail banking, Agri & inclusive banking and other banking operations. Under
retail banking, DCB Bank offers various deposit products, loans such as tractor
loan, car loan, loan against gold, commercial vehicle loan, payment facilities,
wealth management services, cards, privilege banking services, mobile banking
and internet banking services amongst others. Under corporate banking, the
bank offers current account, term loans, trade current account, working capital
finance, portfolio buyout, letters of credit, guarantees, cash management
services and bills collection facilities amongst others. Under treasury banking,
DCB Bank provides statutory reserves management, liquidity management,
trading in government securities, corporate bonds, CDs and equity investment
to name some. Under Agri & inclusive banking, DCB Bank offers a wide range
of products to cater to the various needs of unbanked, under-banked, rural and
semi-urban population. The bank also offers para banking activities like third
party product distribution, merchant banking etc.
As on Mar 31 2015, DCB Bank has a distribution network of 154 branches across
94 locations and 328 ATMs. The bank has tie-up arrangements with Euronet
which enables its customers to access more than 35,000 VISA ATMs across the
world. DCB Bank has tie-up with HDFC Bank and Axis Bank for providing cash
management facilities to customers at over 500 locations across the country.
New Products and Initiatives
DCB Bank took various credit initiatives and also launched some new products
and services during FY15, some of which includes:
Under trade finance business, DCB Bank entered into business relationship
with Habib Bank in Bangladesh, Sri Lanka and United Kingdom
Under Non-Resident Indian business, the bank increased its tie-up with other
banks in East Africa and Middle-East
In FY 2014, the Bank launched Indias first cobranded prepaid card for
disbursal of small loans by Janalakshmi Microfinance. The product is
administered in association with Jana Urban Foundation. The program aims
to provide cashless disbursal which has a major positive impact on financial
inclusion. In FY 2015, the total cards issued crossed the one million mark.
Advertorial

P B No 9, Dhanalakshmi Buildings, Naickanal, Thrissur - 680001, Kerala
Website: www.dhanbank.com
Top Banks Ranking

Income
Net Profit
Business
55
69
52
Financials (` mn)
Business Profile
Dhanlaxmi Bank Ltd (Dhanlaxmi Bank) was established in 1927 at Thrissur, Kerala. In 1977, it
was designated as an SCB by the RBI, and in 2010 Dhanlaxmi Bank acquired its present name.
The banks product portfolio includes personal banking, corporate banking, NRI banking, micro
and agri. banking, SME banking etc. Under personal banking, the bank offers products such as
savings account, current account, term deposits, credit card/debit card services, depository
services, locker facilities, online services, insurance and also mobile banking services. The
corporate banking segment provides corporate salary account, cash management services,
credit services, forex and trade services etc. NRI banking caters to various types of accounts
and deposits, money transfers facility, NRI property loans and investment opportunities.
Under micro & agri banking, it provides specialized products and services such as Kissan
Vahana, Kissan Card , agri gold loan etc. It also offers financial planning services for married
couple, retired individual etc. SME segment offers working capital and trade facilities. The
bank also offers internet banking services to their customers.

Seven Oaks Building, Mallital, Nainital - 263001, Uttarakhand
Website: www.nainitalbank.co.in
2,988.4
Net Interest Income
(2,414.7)
Net Profit
200,515.0
Total Business
143,519.1
Total Assets
Key Ratios (%)
Net Interest Margin
2.1
Net NPA
3.3
24.3

(As on Mar 31, 2015)
Top Banks Ranking

Income
Net Profit
Business
60
58
58
Financials (` mn)
Business Profile
The Nainital Bank Ltd (Nainital Bank) was established in 1922. In 1973, Nainital Bank became
an associate of Bank of Baroda. The bank provides variety of products and services across
personal, business and rural & agri banking segments. The personal banking segment
provides various deposit and retail loan schemes including Apna Ashiana, a housing loan
scheme; Suhana Safar, a car loan scheme; Naini Sahyog, a loan to salaried/pensioners etc.
In the business banking segment, the bank offers services ranging from working capital
finance, short term corporate loans. It also offers project finance through schemes like
Vyapar Suvidha, scheme for traders; Naini HealthCare, a scheme for doctors; Siksha Prasar,
scheme for educational institutions etc. Its rural and agri banking segment extends loans to
agricultural activities and also provide various services to farmers like Naini Kisan Credit Card
& Naini Kisan Gold card. The bank also offers services such as mobile banking, RTGS, NEFT,
SMS banking etc. During FY15, the bank launched internet banking services.
13,685.4
Total Income
Total Income
5,567.6
Net Interest Income
1,698.5
671.8
Net Profit
Total Business
79,008.9
Total Assets
59,779.3
Key Ratios (%)
Net Interest Margin
3.2
-
Net NPA
34.4
(As on Mar 31, 2015)
Top Banks Ranking

Income
Net Profit
Business
Financials (` mn)
Total Income
Net Interest Income
Net Profit
Total Business
Total Assets
Key Ratios (%)
Net Interest Margin
Net NPA
(As on Mar 31, 2015)
31
Foreign Banks
Comparative Matrix
TI
Rank
Banks
Total Income
(` mn)
Net Interest
Income
(` mn)
Advances
(` mn)
Deposits
(` mn)
CASA Ratio
(%)
Citibank N.A.
134,900.9
58,540.9
608,963.1
889,120.0
49.4
134,239.8
55,831.3
684,020.2
728,482.5
34.7
The Hongkong and Shanghai Banking

Corporation Limited
104,639.3
40,022.3
466,172.1
852,555.3
35.8
Deutsche Bank AG
58,063.3
25,485.7
361,384.1
386,340.1
39.6
26,065.9
8,784.4
51,610.5
148,785.2
31.9
DBS Bank Limited
25,594.0
8,039.0
158,448.7
173,949.6
7.8
23,047.9
9,679.9
92,635.6
95,872.1
55.7
BNP Paribas
20,306.7
6,939.0
141,993.1
143,246.0
16.8
Barclays Bank PLC
20,194.7
9,923.0
133,376.3
130,636.2
10.0
10
17,652.9
7,511.8
111,507.4
105,127.4
42.1
11
13,930.1
5,580.3
56,916.6
61,095.3
29.0
12
Credit Suisse AG
9,819.0
2,328.0
13,678.8
62,824.6
0.7
13
9,815.4
2,808.4
61,111.3
49,830.8
6.2
14
8,664.9
122.6
23,288.1
10,301.3
15
Mizuho Bank Limited
7,115.4
5,688.6
67,159.9
28,791.5
25.8
16
Crdit Agricole Corporate & Investment

Bank
4,885.0
2,098.6
42,245.4
10,516.5
11.5
17
Societe Generale
4,391.3
1,398.2
36,348.0
30,020.0
5.1
18
Australia and New Zealand Banking Group

Limited
4,076.8
1,128.6
22,583.7
22,302.2
11.3
19
3,892.4
2,537.4
20,709.5
17,313.8
14.2
20
Shinhan Bank
3,155.1
1,358.8
25,772.3
19,314.9
37.6
21
1,960.2
516.2
17,557.9
19,644.6
15.6
22
1,694.4
1,095.1
2,875.0
15,272.5
0.2
23
1,521.9
521.6
6,613.9
7,400.2
8.0
24
1,320.5
515.1
2,759.7
3,365.9
23.1
25
Industrial and Commercial Bank of China

Limited
1,289.9
763.5
10,531.0
4,096.9
14.9
26
1,202.2
522.7
9,525.0
10,445.7
17.4
Citibank N.A.
First International Financial Centre, G-Block, BKC, Bandra (E), Mumbai - 400051, Maharashtra
Website: www.online.citibank.co.in
Top Banks Ranking

Income
Net Profit
Business
23
30
Financials (` mn)
Business Profile
Citibank N.A. (Citibank) was incorporated in 1812 in New York. Later in 1902, Citibank forayed
into the Asian markets and started offering banking services in India. The bank operates in the
business segments like personal, corporate, SME, NRI and global banking services. Citibank
offers various products and services like deposits, credit cards, demat account, insurance,
mutual funds, Citibank Suvidha Salary Account, Citibank Ready Credit, Citibank Senior Account
and Citibank Junior Account. It also offers personal loans, loans against securities, home loans,
etc. Online services like internet banking, tablet banking, online payments services like online
fund transfer, bill payment, tax remittance and online credit card payment through Citibank
account. In Jan 2015, the bank partnered with Tata AIA Life to serve insurance needs of over
18.4 million households in India. On Apr 16, 2015, it opened a new Smart Banking branch in
Thane, expanding its presence to 45 branches in 28 cities.
134,900.9
Total Income
Net Interest Income
58,540.9
Net Profit
34,225.5
1,498,083.1
Total Business
1,387,756.4
Total Assets
Key Ratios (%)
Net Interest Margin
4.1
Net NPA
0.4
49.4

(As on Mar 31, 2015)

23-25, Mahatma Gandhi Road, Fort, Mumbai 400001, Maharashtra
Website: www.sc.com/in
Top Banks Ranking

Income
Net Profit
Business
24
32
Financials (` mn)
Business Profile
Standard Chartered Bank (Standard Chartered) was formed in 1969 by the merger of the
Standard Bank of British South Africa and the Chartered Bank of India, Australia and China. The
bank provides personal, priority, private, NRI, business and corporate & institutional banking
services. Under personal banking, it offers products such as savings and current accounts,
depository services, credit and debit cards, personal and home loans etc. It also offers NRI
banking services including remittance facilities, term deposits, loans, investment solutions,
insurance solutions, etc. Under business banking, it offers short term lending, trade services,
transaction banking, loan & financing services, protection solutions, yield enhancement
solutions and cross border solutions. In FY15, the bank entered into a bancassurance tie up
with Max Bhupa to provide comprehensive health insurance offerings to the diverse customer
base of Standard Chartered across the country.
134,239.8
Total Income
55,831.3
Net Interest Income
30,514.5
Net Profit
Total Business
1,412,502.7
Total Assets
1,317,396.8
Key Ratios (%)
Net Interest Margin
4.2
Net NPA
0.3
34.7

(As on Mar 31, 2015)
The Hongkong and Shanghai Banking

Corporation Limited
52 / 60 Mahatma Gandhi Road, Fort, Mumbai - 400001, Maharashtra
Website: www.hsbc.co.in
Top Banks Ranking

Income
Net Profit
Business
32
15
34
Financials (` mn)
Business Profile
The Hongkong and Shanghai Banking Corporation Ltd (HSBC) is a subsidiary of the HSBC
Group which was established in the year 1865, in Hong Kong to finance the growing trade
between China and Europe. The acquisition of the Mercantile Bank in 1959 was the decisive
factor in laying down foundation of HSBC in India. The bank provides business under personal,
business and corporate & institutional banking segments. Under personal banking segment, it
offers credit cards like platinum credit card, gold credit card; NRI accounts and services; loans
like home loans, Smart Home loan, personal loan & other loans; debit cards, bank accounts
and fixed deposits, insurance schemes like Future Smart Plan, Grow Smart Plan, Insure Smart
Plan etc; investments & financial planning and internet & self-service banking. Under business
banking segment, it offers international payments & cash management solutions, global trade
solutions, business loans and foreign exchange services. Under corporate & institutional
banking segments, it offers treasury & capital market services, equities & global investment
banking, institutional banking, trade and factoring services and securities services.
104,639.3
Total Income
Net Interest Income
40,022.3
Net Profit
16,294.1
Total Business
1,318,727.3
Total Assets
1,376,313.4
Key Ratios (%)
Net Interest Margin

Net NPA
3.0
0.5
35.8
(As on Mar 31, 2015)
35
Deutsche Bank AG
Deutsche Bank House, Hazarimal Somani Marg, Fort, Mumbai - 400001, Maharashtra
Website: www.deutschebank.co.in
Top Banks Ranking

Income
Net Profit
Business
39
17
41
Financials (` mn)
Business Profile
Deutsche Bank AG (Deutsche Bank) was founded in 1870 in Berlin Germany, to promote and
facilitate trade relations between Germany and international markets. The bank opened its first
Indian branch in 1980 and currently has over 9800 employees in the country. The Bank is a fully
integrated financial service provider to Indian corporates, institutional and individual clients. The
products and services include private & business clients, asset & wealth management services,
corporate banking & securities and global transaction banking. Private& business clients segment
provides services such as deposits, loans, investment management etc. Corporate banking &
securities business consists of markets and corporate finance such as equity and equity-linked
products and advisory for M&A among others. Global transactions banking provide services like
cross border payments, cash managements etc. In Feb, 2015 Deutsche Bank and Hewlett-Packard
signed a multibillion dollar agreement to modernise the banks global information technology
environment and reduce IT infrastructure cost. In April, 2015 it launched SIREN (Summary Index
of Relevant Economic News) a tool for tracking the Eurozone economy.

J.P. Morgan Tower, Kalina, Santacruz (East), Mumbai - 400098, Maharashtra
Website: www.jpmorgan.com
Total Income
58,063.3
Net Interest Income
25,485.7
Net Profit
14,059.1
DBS Bank Limited

3rd Floor, Fort House, 221, Dr. D.N. Road, Fort, Mumbai - 400001, Maharashtra
Website: www.dbs.com/in
Key Ratios (%)

Net Interest Margin
4.3
Net NPA
0.1
36
39.6

(As on Mar 31, 2015)
Top Banks Ranking

Income
Net Profit
Business
44
23
53
Financials (` mn)
26,065.9
Total Income
8,784.4
Net Interest Income
8,712.0
Net Profit
Total Business
200,395.7
Total Assets
285,530.8
Key Ratios (%)
3.1
Net Interest Margin
Net NPA
31.9

(As on Mar 31, 2015)
Top Banks Ranking

Income
Net Profit
Business
45
70
45
Financials (` mn)
Business Profile
DBS Bank Ltd (DBS) started its operations in India in 1994, in the same year DBS opened
its representative office in Mumbai, which was upgraded to full-fledged branch in 1995. In
2005, DBS bank was granted license to open its second branch in New Delhi, and in 2008 it
received an approval from RBI to set up eight new branches in India, which turned a significant
milestone for DBS group to extend their footprint in India, across Bengaluru, Chennai,
Kolkata, Moradabad, Nasik, Pune, Salem and Surat. The banks Indias product portfolio offers;
wholesale banking products and services to its corporate and SME customers, including
corporate lending, treasury services, transaction services and M&A advisory. It also offers
innovative and comprehensive financial solutions to individual customers, small & medium
enterprises (SMEs), financial institutions and several local and global blue-chip companies.
Accounts such as savings plus, savings power plus; deposits like fixed, recurring, flexi fixed
and basic savings bank deposits are also offered by the bank. DBS treasures, provides holistic
wealth management services for individual customers.
615,971.8
Total Assets
Business Profile
JPMorgan Chase Bank, N.A. (JP Morgan) has presence in India since 1922. In 2002, JPMorgan
Chase established its Global Service Center in Mumbai, supporting every line of business at
JPMorgan Chase. Today Mumbai is one of its largest locations outside the United States, and
a regional hub for their many businesses in India. Its business segment includes investment
banking, treasury services, investor services, asset management and private equity. Banks
Investment banking offers corporate strategy and structure, capital rising in equity and debt
markets, sophisticated risk management and market making in cash securities and derivatives
instruments, it provides investment banking services to government, corporations, institutions
and individuals. Under investor services, it provides servicing and fund administration to
institutional investors, alternative asset managers, broker dealers and equity issuers. Treasury
services offers cash management and trade finance solutions. During FY15, the bank launched
the JPMorgan Chase Institute, a global think tank that will deliver better data, analyses and
expert insights designed to address global economic challenges.
747,724.2
Total Business
25,594.0
Total Income
Net Interest Income
8,039.0
(2,746.4)
Net Profit
Total Business
332,398.3
Total Assets
359,360.7
Key Ratios (%)
Net Interest Margin
2.0
Net NPA
4.2
7.8
(As on Mar 31, 2015)

Express Tower Ground, 16th, 18th & 19th floor Nariman Point Mumbai - 400021, Maharashtra
Website: www. corp.bankofamerica.com
Top Banks Ranking

Income
Net Profit
Business
48
28
54
Financials (` mn)
Business Profile
Bank of America N.A. (BoA) was incorporated in the USA. BoA commenced its operations in
India by establishing Mumbai branch in 1964. The Bank caters to individual consumers, small
and middle-market businesses and large corporations with a full range of banking, investing,
asset management and other financial and risk management products and services. BoA
primarily operates in two business segments viz., treasury banking and corporate banking.
Treasury operations include derivative trading, money market operations, investments in
bonds, treasury bills, Government securities and foreign exchange operations among others.
Corporate banking includes funded and non-funded facilities to customers, cash management
activities and other fee-based activities among others. The bank is headquartered in Mumbai,
with five branch offices across Mumbai, New Delhi, Kolkata, Chennai, and Bengaluru. During
FY15, BoA launched new web-based tool known as Bank of America Down Payment Resource
Center to guide consumers to down payment and closing cost assistance programs available
in their region.
BNP Paribas
BNP Paribas House, 1 North Avenue, Maker Maxity, BKC, Mumbai 400-051, Maharashtra
Website: www.bnpparibas.co.in
Net Interest Income
9,679.9
Net Profit
5,943.1
Barclays Bank PLC

801-808, Ceejay House, Shivsagar Estate, Worli, Mumbai - 400018, Maharashtra
Website: www.barclays.in
280,241.4
Total Assets
Key Ratios (%)
Net Interest Margin
3.5
Net NPA
0.1
55.7

(As on Mar 31, 2015)
Top Banks Ranking

Income
Net Profit
Business
49
43
47
Financials (` mn)
20,306.7
Total Income
6,939.0
Net Interest Income
2,982.1
Net Profit
Total Business
285,239.1
Total Assets
288,850.7
Key Ratios (%)
2.4
Net Interest Margin
Net NPA
16.8

(As on Mar 31, 2015)
Top Banks Ranking

Income
Net Profit
Business
50
36
48
Financials (` mn)
Business Profile
Barclays Bank PLC (Barclays) was formed as Barclay and Company limited by joining twenty
private banking firms in 1896. It is one of the largest UK employers with over 12,000
employees spread across its banking operations in India. Barclays has its branch presence in
India since 1990. Barclays business line includes corporate banking, investment banking and
personal banking. Under corporate banking, it offer integrated banking solutions to large local
companies, financial institutions, non-bank financial institutions etc. The corporate banking
solution includes cash management, trade and working capital, financing and risk management.
Investment banking provides comprehensive financial advisory, capital raising, financing and
risk management services to corporations, governments and financial institutions. Under
personal banking, it offers current accounts, savings accounts, term deposits, debit cards etc.
NRI banking offers products and services such as, NRO, NRE savings account, NRO, NRE term
deposits, FCNR accounts etc. As on Mar31, 2015, Barclays has in total seven branches in India
each at Mumbai, Pune, New Delhi, kanchipuram, Nelamangala and Hyderabad respectively.
188,507.7
Total Business
Business Profile
BNP Paribas (BNP) is one of the European leading banking and financial service provider with
presence across 80 countries worldwide for over 150 years. BNP established its first branch
in Kolkata in 1860, and started its Indian operations in the same year. The bank operates
under three core business segments viz. corporate and institutional banking, investment
solutions and retail banking. Under corporate and Institutional banking, BNP offers leading
expertise and wide range of products in advisory, fixed income, global equity & commodity
derivatives, financing and transaction banking. Under wealth management business, the bank
offers wealth planning solutions, investment solutions and financing solutions. Under loans,
Sundaram BNP Paribas Home Finance offers a range of products such as home loans, home
extensions loans, home improvement loans, loans to buy land and loan against property.
The asset management business of the BNP Paribas Group offers a full range of equity and
fixed income mutual funds to investors in India. During FY15, the bank launched latest digital
project named livingthechange.com, a digital tool for deciphering change in the world.
23,047.9
Total Income
20,194.7
Total Income
Net Interest Income
9,923.0
Net Profit
4,121.1
Total Business
264,012.4
Total Assets
321,873.4
Key Ratios (%)
Net Interest Margin

Net NPA
3.0
10.0
(As on Mar 31, 2015)
37

4 North Avenue, Maker Maxity, BKC, Bandra (E), Mumbai, 400 051 Maharashtra
Website: www.rbs.in
Top Banks Ranking

Income
Net Profit
Business
51
54
51
Financials (` mn)
Business Profile
The Royal Bank of Scotland N.V. (RBS) started its Indian operations since 1921. RBS group
acquired the business of ABN AMRO Bank in India and renamed it as The Royal Bank
of Scotland N.V. in 2010. RBS clients comprise blue-chip Indian corporations, leading
multinational corporations, large financial institutions, the Indian government and high networth companies. It operates under retail, private and corporate & institutional banking.
Personal banking segment includes saving accounts, term deposits, debit/credit cards, royalty
rewards, and investment and insurance services. NRI services offer international debit card,
online services, phone banking, mobile banking, royalty rewards and doorstep banking among
others. Private banking business caters to investment advisory group, wealth planning, credit
solutions etc. Corporate and institutional banking provides financing and risk management
services to UK and Western Europe customers and handles millions of transactions daily by
providing transaction services, electronic channels, liquidity and investment management. It
also deals with debt capital market, electronic trading, foreign exchange etc.
The Bank of Tokyo-Mitsubishi UFJ,

Limited
Jeevan Vihar, 3, Parliament Street, Post Box No.717, New Delhi - 110001, Delhi
Website: www.bk.mufg.jp
Net Interest Income
7,511.8
Net Profit
1,171.8
216,634.8
Total Business
190,193.2
Total Assets
Key Ratios (%)
Net Interest Margin
3.8
Net NPA
0.1
42.1

(As on Mar 31, 2015)
Top Banks Ranking

Income
Net Profit
Business
54
47
55
Financials (` mn)
Business Profile
The Bank of Tokyo-Mitsubishi UFJ, Ltd (BTMU) was established in 1919 in Japan. BTMU got
its current name due to the merger of the Bank of Tokyo-Mitsubishi (BTM) and UFJ (United
Financial of Japan), in 2006. BTMU began operations in India by setting up its first branch in
Mumbai in 1953 as a predecessor company of the Bank of Tokyo. It opened its New Delhi
branch in 1963. In 1996, the bank opened one branch at Chennai and other in Neemrana
in 2012. During 2014, BTMU opened a new branch in Bengaluru. It globally operates in the
segments of corporate & investment banking, transaction banking and transaction services
for financial institutions. It also provides payment solutions to financial institutions. In India,
the bank provides corporate banking loans, deposit accounts, remittances, trade finance and
bank guarantees. The bank also provides personal loans, current account, savings account,
export letters of credit, import letters of credit, shipping guarantees, bills for collection and
global cash management services among others.
17,652.9
Total Income
13,930.1
Total Income
5,580.3
Net Interest Income
2,119.1
Net Profit
Total Business
118,011.9
Total Assets
166,442.3
Key Ratios (%)
Net Interest Margin
3.5
Net NPA
0.8
29.0

(As on Mar 31, 2015)
Credit Suisse AG
10th Floor, Ceejay House, Plot F, Shivsagar Estate, Worli, Mumbai - 400018, Maharashtra
Website: www.credit-suisse.com/in
Top Banks Ranking

Income
Net Profit
Business
56
46
59
Financials (` mn)
Business Profile
Credit Suisse AG (Credit Suisse) was incorporated in 1856 in Zurich, Switzerland. In 2011, the bank
received approval from RBI for setting up a branch in Mumbai, India. After receiving approval
from the RBI, Credit Suisse commenced its banking operations in India in 2011. Credit Suisse
operates as an integrated bank with two divisions, private banking & wealth management and
investment banking. Private banking segment offers banking facilities to corporates, business
entities and individuals. Under wealth management, it offers advisory services, investment
consulting, discretionary & non-discretionary mandates among others. Under Investment
banking segment, it offers trading, derivatives, foreign exchange operation, equity underwriting
and financial advisory solutions, investment consultancy services and advisory services for
mergers & acquisitions among others. It also offers asset management services which include
private equity, real assets and fixed income among others. The bank through its subsidiary,
Credit Suisse Finance (India) Pvt Ltd offers loans and advances to individuals and corporate
clients. Credit Suisse operates in India through its branch in Mumbai, Maharashtra.
38
Total Income
9,819.0
Net Interest Income
2,328.0
Net Profit
2,430.1
76,503.4
Total Business
110,701.1
Total Assets
Key Ratios (%)
Net Interest Margin
Net NPA
(As on Mar 31, 2015)
2.3
0.7

82/C Wing, Mittal Tower, 8th Floor, Nariman Point, Mumbai - 400021, Maharashtra
Website: www.scotiabank.com
Top Banks Ranking

Income
Net Profit
Business
57
51
56
Financials (` mn)
Business Profile
The bank of Nova Scotia (Scotiabank) is a Canada-based diversified financial institution. It
commenced its operations at Halifax, Nova Scotia in 1832. In India, Scotiabank operates under
personal banking, business banking, corporate and institutional and global transaction banking.
The bank has four business lines namely canadian banking, international banking, scotia capital
and global wealth management. It also offer a broad range of corporate, commercial, trade
and correspondent banking services. Personal banking business provides deposits like savings
account and other currency accounts. It also offers other services such as foreign exchange and
safety deposit boxes to their retail customers. The banks business banking offers loans and
deposits such as local currency loan, other currency loan; deposits such as current accounts,
term deposits and other currency deposits. Global transaction banking business provides
letters of credit, letters of guarantee and collections under trade finance and balance reporting
and wire/swift transfers under cash management. Scotiabank operates through five Indian
branches spread across Mumbai, New Delhi, Coimbatore, Bengaluru and Hyderabad.

MGF Metropolitan, 7th Floor, Office Block, District Center Saket, New Delhi - 110 017, Delhi
Website: www.americanexpress.com/in
Total Income
9,815.4
Net Interest Income
2,808.4
Net Profit
1,636.0
Mizuho Bank Limited

Maker Chamber III, 1st Floor, Nariman Point, Mumbai - 400021, Maharashtra
Website: www.mizuhobank.com/india
Key Ratios (%)

Net Interest Margin
2.6
Net NPA
0.5
6.2
(As on Mar 31, 2015)
Top Banks Ranking

Income
Net Profit
Business
58
68
66
Financials (` mn)
8,664.9
Total Income
122.6
Net Interest Income
(725.9)
Net Profit
Total Business
33,589.4
Total Assets
38,169.6
Key Ratios (%)
Net Interest Margin
0.3
Net NPA
0.7
-

(As on Mar 31, 2015)
Top Banks Ranking

Income
Net Profit
Business
59
50
57
Financials (` mn)
Business Profile
Mizuho Bank Ltd (MHBK), formerly known as Mizuho Corporate Bank, Ltd; is a subsidiary of
Mizuho Financial Group and was established in Apr, 2002 in Japan. On July 1, 2013, Mizuho
Corporate Bank Ltd merged with former MHBK globally to form a single entity named MHBK.
In India the bank operates in two business segments viz. treasury and corporate/wholesale
banking. Under the treasury business the bank offers foreign exchange & derivative cover
operations and interest income on the investment portfolio. The corporate/wholesale
business of the bank offers various product such as deposit-taking, lending, L/C issuance,
acceptance and confirmation, acceptance and negotiation of import/export bills, remittance,
forward exchange contracts, guarantees, MSME lending etc. MHBK, Mizuho Securities Co, Ltd
and SBI Capital Markets Ltd have a business alliance agreement to strengthen the support in
investment banking fields. The bank operates in India through its branches in Mumbai, New
Delhi, Bengaluru and Chennai.
109,600.8
Total Assets
Business Profile
American Express Banking Corp. (American Express) in India majorly operates in two major
business segments namely treasury and banking operations. In treasury, banking operations
comprises of investments and balance in bank account to meet statutory liquid ratio
requirement and maintenance of cash balances to meet the cash reserve ratio requirement.
Under personal cards, American Express offers various credit cards including American Express
Platinum Card, The New American Express Payback Credit Card, The New American Express
Platinum Travel Card and American Express Platinum Reserve Credit Card among others.
For its corporates clients, the bank offers The American Express Platinum Corporate Card,
The American Express Corporate Card, The American Express Purchasing Solutions and The
NEW Jet Airways American Express Corporate Card. The bank also provides business travel
account and corporate membership reward scheme, streamline payments to merchants and
travel, motor, health and personal accident insurance schemes. As on Mar 31, 2015 the bank
operates with a network of two functioning offices in India.
110,942.1
Total Business
Total Income
7,115.4
Net Interest Income
5,688.6
Net Profit
1,757.5
95,951.4
Total Business
111,265.5
Total Assets
Key Ratios (%)
Net Interest Margin
Net NPA
5.3
1.0
25.8
(As on Mar 31, 2015)
39
Crdit Agricole Corporate &

Investment Bank
Hoecht House, 12th & 14th Floor, Nariman Point, Mumbai 400021, Maharashtra
Website: www.ca-cib.com/global-presence/india.htm
Top Banks Ranking

Income
Net Profit
Business
61
56
61
Financials (` mn)
Business Profile
Crdit Agricole Corporate & Investment Bank (Crdit Agricole) is the leading financial partner
of the French economy and one of the largest retail banks in Europe. Crdit Agricole is
specialised in the business of capital markets, investment and corporate banking. The bank
has presence in India since 1981, and operate through Bengaluru, Chennai, Delhi, Mumbai
and Pune. It also deals with the large markets in Ahmedabad, Kolkata, Hyderabad and Baroda.
Its core business includes fixed income markets, export and trade finance, project finance and
acquisition finance. It also offers cash management and working capital facilities. Investment
banking and debt capital market services have also been implemented by the bank Crditover
the years in India. It also offers products and services in capital markets like, global investment
banking, structured finance, global markets, debt optimization and distribution etc. In FY15,
a trio of banks namely Crdit Agricole, HSBC and Rabobank proposed a Social Bond and
Sustainability Bond Appendix (SSBA) to the green bond principles to boost their investment in
socio and sustainability projects.
Societe Generale
19th Floor, Tower A, Peninsula Business Park, Lower Parel, Mumbai 400021, Maharashtra
Website: www.societegenerale.in
Total Income
4,885.0
Net Interest Income
2,098.6
967.1
Net Profit
130,329.7
Total Assets
Key Ratios (%)
1.5
Net Interest Margin
Net NPA
11.5

(As on Mar 31, 2015)
Top Banks Ranking

Income
Net Profit
Business
62
60
60
Financials (` mn)
Business Profile
Societe Generale (Societe Generale) has presence in India since 1978 with the opening of
a representative office in Delhi. In 1985, subsequent to the closure of the representative
office, during 1993, Societe Generale started its first full-fledged banking branch in Mumbai
and a second branch in Delhi. The bank primarily operates in the treasury business segment
comprising of trading in forex, bonds, government securities and derivatives. The bank also
provides services related to corporate banking and trade finance. The bank offers various
banking facilities and services to its Indian customers such as customer deposits, plain vanilla
working capital loans, term loans, trade finance, corporate foreign exchange services as well
as investment banking products like structured finance and derivatives among others. Other
services provided by the bank include correspondent banking, offshore energy hedging and
commodity derivatives. The bank operates in India through three functioning offices in India.
In FY15, Evelyne Collin is appointed as chief executive and country head for India.
52,762.0
Total Business
Total Income
4,391.3
Net Interest Income
1,398.2
395.1
Net Profit
Total Business
66,367.9
Total Assets
67,043.3
Key Ratios (%)
2.3
Net Interest Margin
Net NPA
5.1

(As on Mar 31, 2015)
Australia and New Zealand Banking

Group Limited
Cnergy, 6th Floor, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400025, Maharashtra
Website: www.anz.com/india/en
Top Banks Ranking

Income
Net Profit
Business
63
59
63
Financials (` mn)
Business Profile
Australia and New Zealand Banking Group Ltd (ANZ) commenced banking operations in India
with the opening of its first branch in Mumbai, Maharashtra in June 2011. In India, ANZ operates
through its branches in Mumbai, Gurgaon, New Delhi and Bengaluru. The banks operations
primarily support corporate and institutional clients. ANZ offers various corporate banking
products and services such as trade & supply chain solutions, cash management services,
financing services and financial markets solutions. Under trade and supply chain solution, it
offers letter of credit (LC), import collections, shipping guarantees to importers and domestic
trade & supply chain solutions. The export trade finance solutions offered by the bank include
LC advising, export collections; post-shipment finance etc. Cash management solutions include
account services, collection solutions and payment solutions. The financing services include
loan products, commodity & trade finance, project finance and structured export finance.
ANZ offers various loan products such as vanilla short-term debt, working capital & term loan
among others. It also offers economic & market research and financial market solutions.
40
Total Income
4,076.8
Net Interest Income
1,128.6
564.6
Net Profit
Total Business
44,885.9
Total Assets
58,575.4
Key Ratios (%)
Net Interest Margin

Net NPA
(As on Mar 31, 2015)
2.0
11.3

13th floor, Hindustan Times House, Connaught Place, New Delhi 110001, Delhi
Website: www.smbc.co.jp/global
Top Banks Ranking

Income
Net Profit
Business
64
55
64
Financials (` mn)
Business Profile
Sumitomo Mitsui Banking Corporation (SMBC) was established in 2001 as a result of mergers
of various banks with Mitsui Bank, which was established in 1876 and Sumitomo Bank, which
was established in 1895. In 2001, Sakura Bank, which was formed as a result of mergers of
various banks with Mitsui Bank, was merged with Sumitomo Bank to form Sumitomo Mitsui
Banking Corporation. The bank operates in treasury and corporate banking. Under treasury,
the bank provides derivative trading, money market operations, treasury bills, government
securities, certificate of deposits and foreign exchange operations. Under corporate banking,
the bank provides loans to its corporate clients.
Total Income
3,892.4
Net Interest Income
2,537.4
996.3
Net Profit
38,023.3
Total Business
58,981.5
Total Assets
Key Ratios (%)
6.7
Net Interest Margin
Net NPA
14.2

(As on Mar 31, 2015)
Shinhan Bank
Wockhardt Towers, 5th floor, West Wing, BKC, Bandra (E), Mumbai - 400051, Maharashtra
Website: www.Shinhanbankindia.com
Top Banks Ranking

Income
Net Profit
Business
65
57
62
Financials (` mn)
Business Profile
Shinhan Bank (Shinhan), established in 1897, is a wholly owned subsidiary of Shinhan Financial
Group. The bank commenced its Indian operations in May 1996 after opening its first branch
in Mumbai. In 2006, the bank opened its second branch in New Delhi and in Dec 2010,
the bank opened its third branch in Vellore, Tamil Nadu. In India the bank operates in the
corporate and retail banking segments. Under corporate banking, the bank offers products in
the trade, liability and asset aspects of banking. The bank offers letter of credit (LC) backed
inland & export bill discounting, which is one of the flag-ship products of the bank. Under
Retail Banking, the bank offers fixed deposit, savings bank accounts & recurring deposit
accounts along with debit cards, internet banking, RTGS / NEFT facilities, personal and housing
loans among others. The bank also offers its customers with trade credit arrangements, ECB
arrangements, no-frills account, account receivable loan facilities, cash management services,
E-Tax payments, etc.
Total Income
3,155.1
Net Interest Income
1,358.8
800.6
Net Profit
Total Business
45,087.1
Total Assets
39,057.8
Key Ratios (%)
3.9
Net Interest Margin
Net NPA
37.6

(As on Mar 31, 2015)

Rehmat Manzil, 75, Veer Nariman Road, Churchgate, Mumbai - 400020, Maharashtra
Website: www.adcbindia.com
Top Banks Ranking

Income
Net Profit
Business
66
64
65
Financials (` mn)
Business Profile
Abu Dhabi Commercial Bank (ADCB) started its India operations in 1980 as Emirates Commercial
Bank in Mumbai. In 1985, ADCB was formed after the merger of three commercial banks
operating in the UAE viz., Khaleej Commercial Bank, Emirates Commercial Bank and Federal
Commercial Bank. In 1996, the bank opened another branch in India in Bengaluru to expand its
business. ADCB in India now operates through its branches located in Mumbai and Bengaluru.
The bank operates in three business segments viz. liabilities, corporate banking, trade finance
(CTF) and treasury. Under personal banking, the bank offers savings account, current account,
fixed deposit, recurring deposit and other banking services. For NRIs, the bank provides NRI
savings account, NRO savings account, NRI deposit and international remittance facilities etc.
Under Treasury operations it offers investment portfolios and foreign exchange operations.
Under corporate banking, the bank undertakes lending activities including trade finance to
borrowers. The retail banking business undertakes depository activities, portfolio investment
activities, lending activity to individuals and SMEs along with mobilisation of deposits.
1,960.2
Total Income
Net Interest Income
516.2
Net Profit
136.1
Total Business
37,202.6
Total Assets
26,565.7
Key Ratios (%)
Net Interest Margin

Net NPA
2.1
0.1
15.6
(As on Mar 31, 2015)
41

B - 1201, The Capital, Bandra Kurla Complex, Bandra (E), Mumbai 400051, Maharashtra
Website: www.westpac.in
Top Banks Ranking

Income
Net Profit
Business
67
62
68
Financials (` mn)
Business Profile
Westpac Banking Corporation (WBC) was established in 1817 as the Bank of New South Wales.
The bank acquired its current name post its merger with Commercial Bank of Australia in
1982. The bank acquired Challenge Bank Limited in 1995, Trust Bank New Zealand in 1996 and
Bank of Melbourne in 1997 for expanding its retail footprint. The bank has its branches and
controlled entities throughout Australia, New Zealand, Asia and the Pacific. The banks Indian
operations include two-way exchange of trade, banking and investment activities between
Indian, Australian and New Zealand companies, particularly in the energy, natural resources
and agri-business sectors. Its primarily provides personal and corporate & institutional
banking services. Under personal banking, it offers savings accounts, currents accounts, fixed
deposits, money transfer facilities, NRE and NRO savings account and fixed deposit account.
Under corporate & institutional banking, it offers transactional banking, trade finance, foreign
exchange, debt markets facilities, commodities and carbon & energy.
Total Income
1,694.4
Net Interest Income
1,095.1
271.0
Net Profit
18,147.5
Total Business
31,121.7
Total Assets
Key Ratios (%)
3.8
Net Interest Margin
Net NPA
0.2

(As on Mar 31, 2015)

101, Raheja Centre, Free Press Journal Marg, Nariman Point, Mumbai - 400021, Maharashtra
Website: www.sbmgroup.mu/gp_india
Top Banks Ranking

Income
Net Profit
Business
68
65
70
Financials (` mn)
Business Profile
SBM Bank (Mauritius) Ltd, (SBM) a financial services group, was established in Mauritius
in 1973. SBM has its presence in India, Mumbai branch since 1994. In India the bank has
branches located in Chennai, Hyderabad and Ramachandrapuram. The bank operates under
three business segments viz. treasury, corporate banking and retail banking. Under the
treasury business, the bank undertakes derivative trading, money market operations and
investment in bonds, treasury bills, Government securities, CP, CD and foreign exchange
operations. The bank offers various corporate and commercial banking services, which
include corporate lending, working capital funding, hedging solutions, trade transaction
services to corporate customers, financial institutions and small & mid-sized clients across
various industries and segments. The personal banking business of the bank offers various
tailor made deposit products to NRIs and PIO customers as per specific investment needs. The
bank as an authorised foreign exchange dealer, offers forex conversion and hedging solutions
to foreign institutional investors.

4th Floor, TCG Financial Centre, BKC, Bandra (E), Mumbai - 400051, Maharashtra
Website: www.firstrand.co.in
42
521.6
Net Interest Income
16.3
Net Profit
Total Business
14,014.1
Total Assets
14,721.7
Key Ratios (%)
Net Interest Margin
3.6
Net NPA
7.4
8.0
(As on Mar 31, 2015)
Top Banks Ranking

Income
Net Profit
Business
69
67
71
Financials (` mn)
Business Profile
FirstRand Bank, India (FirstRand) is a branch of FirstRand Banking Group based in South
Africa. In Jan, 2008 FirstRand set up its representative office in Mumbai. FirstRand received
banking license from RBI in 2009 and got included in the list of scheduled banks in India. The
bank commenced its banking operations from April 2009. Banks product portfolio includes
fixed income currency/commodities, corporate banking, trade and international banking and
investment banking. Fixed income currency & commodities provides services fixed income,
money market, forex customer dealings, derivatives among others. Under corporate banking,
it provides INR & foreign currency accounts, fixed deposits, transactional banking, working
capital facilities and long term loans. Trade and International banking provides inward &
outward remittances, open accounts transactions, documentary collections, documentary
credits, structured trade finance, import/export finance etc. Investment banking segment
offers services like corporate finance & advisory, asset based finance, infrastructure finance
and capital raising (debt) etc.
1,521.9
Total Income
1,320.5
Total Income
Net Interest Income
515.1
(641.8)
Net Profit
6,125.6
Total Business
17,259.0
Total Assets
Key Ratios (%)
Net Interest Margin
Net NPA
(As on Mar 31, 2015)
3.3
5.5
23.1
Industrial and Commercial Bank of

China Limited
Level 1, Wockhardt Tower, C-2, G Block, BKC, Bandra (E), Mumbai 400051, Maharashtra
Website: http: india.icbc.com.cn
Top Banks Ranking

Income
Net Profit
Business
70
61
69
Financials (` mn)
Business Profile
Industrial and Commercial Bank of China (ICBC), formerly known as Union Bank of Hong Kong
was established in Hong Kong in the year 1964 The bank opened its first branch in India in
Mumbai after the bank got approval from the RBI in the year 2011.The bank in India operates
in the personal banking and corporate banking businesses. Under personal banking the bank
offers cross border multi-currency remittance service, personal internet banking facilities
which include online financial services remittance, foreign currency exchange services and
deposits among others. Under corporate banking the bank offers deposit services, working
capital loans, project loans, syndicated loans, international settlement services which include
LC (letter of credit), bill collection services etc. The bank offers trade financing services which
include B/L endorsement, packing loan, export invoice financing, international factoring
among others. The bank offers e-banking facilities to both its personal banking and corporate
banking customers. The also bank offers direct and indirect guarantees under trades and
projects.

Jolly Maker Chamber II, 225, Nariman Point, Mumbai 400021, Maharashtra
Website: www.bbkindia.com
Net Interest Income
763.5
Net Profit
318.3
14,627.9
Total Business
13,863.8
Total Assets
Key Ratios (%)
6.7
Net Interest Margin
Net NPA
14.9

(As on Mar 31, 2015)
Top Banks Ranking

Income
Net Profit
Business
71
63
67
Financials (` mn)
Business Profile
Bank of Bahrain and Kuwait B.S.C. (BBK) was established in Mar 1971 in Bahrain. In 1978,
BKK opened its first overseas branch in Kuwait. BKK has presence in India since 1986 as a
SCB and has set up its branches in Mumbai and Hyderabad. The bank also has branches in
Aluva, Kerala and New Delhi. BBK in India primarily operates in three businesses viz. corporate
banking, treasury and retail banking. Corporate banking services includes working capital
facilities, long term loans/term loans, trade finances, international banking and SME loans.
Under personal banking the bank offers retail loans and advances to its customers. Treasury
operations consist of trading/investment in bonds & Government securities and dealing room
operations among others. BKK offers various products and services including current account,
saving bank account, term deposits, recurring deposits, etc. The bank also offers NRI services
including NRE, NRO, FCNR and RFC accounts; remittance facilities etc. BKK also offers advisory
services of mutual funds and has arrangements with Geojit BNP Paribas and LIC as investment
opportunity for its clients.
1,289.9
Total Income
1,202.2
Total Income
Net Interest Income
522.7
171.4
Net Profit
Total Business
19,970.7
Total Assets
15,599.2
Key Ratios (%)
Net Interest Margin
3.8
Net NPA
2.7
17.4
(As on Mar 31, 2015)
Top Banks Ranking

Income
Net Profit
Business
Financials (` mn)
Total Income
Net Interest Income
Net Profit
Total Business
Total Assets
Key Ratios (%)
Net Interest Margin
Net NPA
(As on Mar 31, 2015)
43
Bank Abbreviations
Banks
Abbreviation
ADCB
Allahabad Bank
Alhd Bank
American Express
Andhra Bank
Andhra Bank
ANZ
Axis Bank Limited
Axis Bank
Barclays Bank PLC
Barclays
BBK
BNP Paribas
BNP
BoA
Bank of Baroda
BoB
Bank of India
BoI
Bank of Maharashtra
BoM
BTMU
Canara Bank
Canara Bank
Central Bank
Citibank N.A.
Citibank
Corporation Bank
CorpnBank
Crdit Agricole
Credit Suisse AG
Credit Suisse
CSB
CUB
DBS Bank Limited
DBS
DCB Bank Limited
DCB
Dena Bank
Dena Bank
Deutsche Bank AG
Deutsche Bank
Dhanlaxmi Bank
Federal Bank
FirstRand
HDFC Bank Limited
HDFC Bank
HSBC
ICBC
ICICI Bank Limited
ICICI Bank
IDBI Bank Limited
IDBI Bank
Indian Bank
Indian Bank
IndusInd
IOB
45
Bank Abbreviations
Banks
Abbreviation
J&K Bank
JP Morgan
Karnataka Bank
KMBL
KVB
LVB
Mizuho Bank Limited
MHBK
Nainital Bank
OBC
Punjab & Sind Bank
P&SB
PNB
RBL Bank Limited
RBL Bank
RBS
SB Mysore
SBBJ
SBH
State Bank of India
SBI
SBM
SBP
SBT
Scotiabank
Shinhan Bank
Shinhan
SIB
SMBC
Societe Generale
Societe Generale
Standard Chartered
Syndicate Bank
Syndicate Bank
TMB
UCO Bank
UCO
Union Bank of India
Union Bank
United Bank
Vijaya Bank
Vijaya Bank
WBC
Yes Bank Limited
Yes Bank
46
Other Abbreviations
Products
Bill of Lading
Certificate of Deposits
Cash Deposit Machine
Commercial Papers
External Commercial Borrowings
Foreign Currency Non-Resident
Foreign Currency Non-Resident Accounts (Banks)
Information Technology
National Electronic Fund Transfer
Non-Residential External
Non-Resident Ordinary
Public Provident Fund
Resident Foreign Currency
Abbreviation
B/L
CD
CDM
CP
ECB
FCNR
FCNR (B)
IT
NEFT
NRE
NRO
PPF
RFC
Non Product
Automated Teller Machine
Abbreviation
ATM
Business Correspondents
BC
Business Process Outsourcing
BPO
Central Board Of Direct Taxes
CBDT
Common Services Centres
CSC
Corporate Banking, Trade Finance
CTF
Electronic Lobby
e-lobby
Electronic Tax
e-tax
Electronic Trade
e-Trade
Export Import
EXIM
Financial Institution
FI
Federal Kisan Credit Card
FKCC
Financial Year
FY
High Networth Individuals
HNI
Internet Payment Gateway
IPG
Initial Public Offer
IPO
Information Technology and Information Technology Enabled Services
IT & ITeS
Letter of Credit
LC
Merger & Acquisition
M&A
Multi National Company
MNC
Memorandum of Understanding
MoU
Micro and Small Enterprises
MSE
47
Other Abbreviations
Non Product
Micro, Small and Medium Enterprises
Abbreviation
MSME
Non-Banking Financial Company
NBFC
National Electronic Funds Transfer
NEFT
National Financial Switch
NFS
Non-Governmental Organization
NGO
Non-Resident Indian
NRI
Presence Across Nation
PAN
Persons of Indian Origin
PIO
Portfolio Investment Scheme
PIS
Pradhan Mantri Jeevanjyoti Bima Yojana
PMJBY
Pradhan Mantri Suraksha Bima Yojana
PMSBY
Public Sector Undertaking
PSU
Real Time Gross Settlement
RTGS
Scheduled Commercial Bank
SCB
Self - Help Group
SHG
Shri Kshetra Dharmasthala Rural Development Project
SKDRDP
Small & Medium Enterprises
SME
Short Message Service
SMS
Social Bond and Sustainability Bond Appendix
SSBA
Trade Finance
TF
Ultra Small Branches
USB
Institutions
Abbreviation
Bombay Stock Exchange
BSE
Bharat Sanchar Nigam Limited
BSNL
Commonwealth Development Corporation
CDC
Export Credit & Guarantee Corporation
ECGC
Edelweiss Integrated Commodity Management Limited
EICML
General Insurance Corporation of India
GIC
Government of India
GoI
Government
Gov.
Life Insurance Corporation of India
LIC
National Stock Exchange
NSE
National Small Industries Corporation
NSIC
Peninsular and Oriental Steam Navigation Company
P&O
Reserve Bank of India
RBI
Unit Trust of India
UTI
48
Other Abbreviations
States, Countries, Regions
Andhra Pradesh
Bandra Kurla Complex
Dubai International Financial Centre
Jammu and Kashmir
Tamil Nadu
United Arab Emirates
United Kingdom
West Bengal
Abbreviation
AP
BKC
DIFC
J&K
TN
UAE
UK
WB
Month
January
February
March
April
May
June
July
August
September
October
November
December
Abbreviation
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Units
Billion
Crore
Indian Rupee
Million
Abbreviation
Bn
Cr
INR
Mn
49
50
Index
Index
A
Abu Dhabi Commercial Bank............................................41
DBS Bank Limited.............................................................36
Allahabad Bank...................................................................8
DCB Bank Limited.........................................................30
American Express Banking Corp.......................................39
Dena Bank........................................................................12
Andhra Bank.......................................................................9
Deutsche Bank AG............................................................36
Australia and New Zealand Banking Group Limited.........40
Dhanlaxmi Bank Limited...................................................31
Axis Bank Limited.............................................................23
The Federal Bank Limited.................................................25
Bank of America N.A........................................................37
FirstRand Bank Limited.....................................................42
Bank of Bahrain and Kuwait B.S.C....................................43
Bank of Baroda...................................................................6
Bank of India.......................................................................6
Bank of Maharashtra........................................................10
The Bank of Nova Scotia...................................................39
The Bank of Tokyo-Mitsubishi UFJ, Limited......................38
Barclays Bank PLC.............................................................37
BNP Paribas......................................................................37
C
Canara Bank.......................................................................5
The Catholic Syrian Bank Limited.....................................29
Central Bank of India..........................................................7
Citibank N.A......................................................................35
City Union Bank Limited...................................................28
HDFC Bank Limited...........................................................23

The Hongkong and Shanghai Banking Corporation Ltd....35
I
ICICI Bank Limited.............................................................23
IDBI Bank Limited...............................................................7
Indian Bank.......................................................................10
Indian Overseas Bank.........................................................7
IndusInd Bank Limited......................................................24
Industrial and Commercial Bank of China Limited...........43
J
The Jammu and Kashmir Bank Limited.........................26
JPMorgan Chase Bank, N.A...............................................36
Corporation Bank...............................................................9
Crdit Agricole Corporate & Investment Bank.................40
The Karnataka Bank Limited.............................................27
Credit Suisse AG...............................................................38
The Karur Vysya Bank Limited..........................................27
51
Index
Kotak Mahindra Bank Limited..........................................24
Tamilnad Mercantile Bank Limited...................................28
The Lakshmi Vilas Bank Limited.......................................28
UCO Bank...........................................................................9
Mizuho Bank Limited........................................................39
Union Bank of India............................................................6
United Bank of India.........................................................12
The Nainital Bank Limited................................................31
O
Oriental Bank of Commerce...............................................8
V
Vijaya Bank..................................................................11
W
Westpac Banking Corporation..........................................42
Punjab & Sind Bank..........................................................15
Punjab National Bank.........................................................5
Yes Bank Limited...............................................................24
R
RBL Bank Limited..............................................................29
The Royal Bank of Scotland N.V........................................38
S
SBM Bank (Mauritius) Limited..........................................42
Shinhan Bank....................................................................41
Societe Generale..............................................................40
The South Indian Bank Limited.........................................27
Standard Chartered Bank.................................................35
State Bank of Bikaner & Jaipur.....................................14
State Bank of Hyderabad..................................................10
State Bank of India.............................................................5
State Bank of Mysore.......................................................15
State Bank of Patiala.........................................................12
State Bank of Travancore..................................................13
Sumitomo Mitsui Banking Corporation............................41
Syndicate Bank...................................................................8
52
Note: Banks marked in bold are Advertorials
Notes
Notes

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Launch of Dun & Bradstreet

Indias Top Banks 2015

Friday, 28th August 2015,

Indias Top Banks 2015

Naina Acharya, Rohit Singh, Yogesh Jambhale

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Indias Top Banks 2015

Definitions & Calculations

Net Interest Margin (%)

Net Profit Margin (%)

Return on Assets (%)

CASA Ratio (%)

Credit Deposit (%)

Gross NPA Ratio (%)

Net NPA Ratio (%)

Total Restructured Assets

Provision Coverage Ratio (%)

CRAR (%) Basel III

Global Banking Overview

Source: World Economic Outlook Apr 2015

Global Banking Overview

Source: World Economic Outlook Apr 2015

Global banking scenario

Global Banking Overview

Large internationally active banks

Source: Basel Committee on Banking Supervision

Global Banking Overview

Source: FSI Tables, April 2014 Database, IMF

Global Banking Overview

Large internationally active banks

Source: Basel Committee on Banking Supervision

Return on Assets remain stable in most of the economies

Source: Financial Soundness Indicators Tables, April 2014 Database, IMF

Global Banking Overview

Source: FSI Tables, April 2014 Database, IMF

Global Banking Overview

Global Banking Overview

Indian Banking Overview

Indian Banking Overview

Source: RBI and Dun & Bradstreet Research

Source: RBI and Dun & Bradstreet Research

Indian Banking Overview

Asset quality of all SCBs continued to deteriorate

Source: RBI and Dun & Bradstreet Research

Continued pressure on profitability of SCBs eased during FY15

Indian Banking Overview

Source: RBI and Dun & Bradstreet Research

Source: RBI and Dun & Bradstreet Research

Indian Banking Overview

Indian Banking Overview

Banking Outlets In Villages - Branches

Banking Outlets In Villages - BCs

BSBDA-Through Branches (Number)

BSBDA-Through Branches (Amount)

BSBDA-Through BCs (Number)

BSBDA-Through BCs (Amount)

Banking Outlets In Villages - Other Modes

OD facility availed in BSBDAs (Number)

OD facility availed in BSBDAs (Amount)

KCCs - Total (Number)

KCCs - Total (Amount)

GCCs - Total (Number)

GCCs - Total (Amout)