Yes Bank

Key Financial Ratios

Mar
'14

Mar '13

Mar '12

Mar '11

Mar '10

Face Value
Dividend Per Share
Operating Profit Per Share (Rs)
Net Operating Profit Per Share (Rs)
Free Reserves Per Share (Rs)
Bonus in Equity Capital
Profitability Ratios

10.00
8.00
28.55
276.77
---

10.00
6.00
26.10
231.27
---

10.00
4.00
43.31
201.81
98.45
--

10.00
2.50
33.96
134.18
82.62
--

10.00
1.50
21.69
84.68
69.33
--

Interest Spread
Adjusted Cash Margin(%)
Net Profit Margin
Return on Long Term Fund(%)
Return on Net Worth(%)
Adjusted Return on Net Worth(%)
Return on Assets Excluding Revaluations
Return on Assets Including Revaluations
Management Efficiency Ratios

-14.36
13.82
134.67
22.71
22.71
197.48
197.48

-14.15
13.61
137.76
22.39
22.39
161.94
161.94

4.53
14.25
13.66
131.35
20.89
20.92
132.49
132.49

3.60
16.31
15.56
102.46
19.16
19.17
109.29
109.29

3.21
17.35
16.30
74.73
15.46
15.48
90.96
90.96

Interest Income / Total Funds

Net Interest Income / Total Funds
Non Interest Income / Total Funds
Interest Expended / Total Funds
Operating Expense / Total Funds
Profit Before Provisions / Total Funds
Net Profit / Total Funds
Loans Turnover
Total Income / Capital Employed(%)
Interest Expended / Capital Employed(%)
Total Assets Turnover Ratios
Asset Turnover Ratio
Profit And Loss Account Ratios

9.59
2.61
1.65
6.98
1.62
2.58
1.55
-11.25
6.98
0.10
0.10

9.60
2.57
1.46
7.03
1.49
2.48
1.51
0.44
11.06
7.03
0.10
0.10

10.74
3.67
0.04
7.07
1.36
2.28
1.47
0.20
10.78
7.07
0.11
0.11

9.77
3.91
0.03
5.86
1.43
2.43
1.52
0.16
9.80
5.86
0.10
0.10

9.70
4.37
0.18
5.34
1.88
2.57
1.61
0.17
9.89
5.34
0.10
13.93

Interest Expended / Interest Earned

Other Income / Total Income
Operating Expense / Total Income
Selling Distribution Cost Composition
Balance Sheet Ratios

72.79
14.71
14.41
--

73.25
13.16
13.43
--

74.38
0.37
12.63
0.14

69.15
0.31
14.64
0.44

66.75
1.85
19.02
0.37

Capital Adequacy Ratio

Advances / Loans Funds(%)
Debt Coverage Ratios

14.40
--

18.30
--

17.90
65.53

16.50
81.65

20.60
88.94

Credit Deposit Ratio

Investment Deposit Ratio
Cash Deposit Ratio
Total Debt to Owners Fund

-59.46
5.58
10.42

32.72
60.92
4.88
11.53

76.09
48.99
5.69
10.51

77.75
39.92
6.97
12.11

80.52
40.33
7.62
8.67

Investment Valuation Ratios

Financial Charges Coverage Ratio

Financial Charges Coverage Ratio Post
Tax
Leverage Ratios

0.38

0.36

0.33

0.43

0.50

1.23

1.22

1.22

1.27

1.32

Current Ratio
Quick Ratio
Cash Flow Indicator Ratios

0.77
10.40

0.72
10.18

0.08
7.83

0.05
15.34

0.04
14.54

Dividend Payout Ratio Net Profit

Dividend Payout Ratio Cash Profit
Earning Retention Ratio
Cash Earning Retention Ratio
Adjusted Cash Flow Times

17.83
17.16
82.17
82.84
44.14

16.54
15.91
83.46
84.09
49.51

14.45
13.87
85.57
86.15
48.22

11.93
11.38
88.08
88.62
60.25

12.47
11.73
87.54
88.28
52.69

Mar
'14

Mar '13

Mar '12

Mar '11

Mar '10

44.86
197.48

36.27
161.94

27.68
132.49

20.95
109.29

14.06
90.96

Earnings Per Share

Book Value

Analysis:
During the quarter, Yes Bank Ltds the loan book and deposits grew by 23.2% and 16.7% year on year
respectively. The corporate book grew at a faster pace at (33.5%) accounting for 68.7% to total loans in
the current quarter as against 63.4% in the first quarter of the previous financial year.

Bank Of Baroda
Key Financial Ratios

Mar
'14

Mar '13

Mar '12

Mar '11

Mar '10

Face Value
Dividend Per Share
Operating Profit Per Share (Rs)
Net Operating Profit Per Share (Rs)
Free Reserves Per Share (Rs)
Bonus in Equity Capital
Profitability Ratios

10.00
21.50
120.47
906.81
---

10.00
21.50
134.58
835.52
---

10.00
17.00
132.20
721.77
---

10.00
16.50
112.77
558.96
---

10.00
15.00
106.39
524.75
62.42
--

Interest Spread
Adjusted Cash Margin(%)
Net Profit Margin
Return on Long Term Fund(%)
Return on Net Worth(%)
Adjusted Return on Net Worth(%)
Return on Assets Excluding Revaluations
Return on Assets Including Revaluations
Management Efficiency Ratios

5.35
11.25
10.46
90.23
12.61
12.61
838.02
838.02

5.95
12.31
11.54
89.81
14.01
14.01
758.91
758.91

5.59
15.96
15.12
92.37
18.22
18.22
668.34
668.34

5.58
18.16
17.17
89.02
20.15
20.15
537.45
537.45

4.15
16.54
15.37
99.27
20.24
20.24
414.71
414.71

Interest Income / Total Funds

Net Interest Income / Total Funds
Non Interest Income / Total Funds
Interest Expended / Total Funds
Operating Expense / Total Funds
Profit Before Provisions / Total Funds
Net Profit / Total Funds
Loans Turnover
Total Income / Capital Employed(%)
Interest Expended / Capital Employed(%)
Total Assets Turnover Ratios
Asset Turnover Ratio
Profit And Loss Account Ratios

6.45
1.98
0.74
4.47
1.13
1.54
0.75
0.11
7.19
4.47
0.06
0.07

7.08
2.28
0.73
4.80
1.14
1.81
0.90
0.11
7.81
4.80
0.07
0.07

7.37
2.56
0.85
4.80
1.21
2.13
1.24
0.12
8.22
4.80
0.07
0.08

6.87
2.76
0.88
4.11
1.38
2.19
1.33
0.11
7.76
4.11
0.07
0.07

7.56
3.30
0.30
4.25
1.77
1.75
1.21
0.12
7.86
4.25
0.08
0.08

Interest Expended / Interest Earned

Other Income / Total Income
Operating Expense / Total Income
Selling Distribution Cost Composition
Balance Sheet Ratios

69.27
10.28
15.65
--

67.85
9.35
14.54
--

65.23
10.34
14.75
--

59.78
11.38
17.76
--

64.43
3.88
22.53
0.23

Capital Adequacy Ratio

Advances / Loans Funds(%)
Debt Coverage Ratios

12.28
71.78

13.30
72.22

14.67
78.07

14.52
78.56

14.36
77.38

Credit Deposit Ratio

Investment Deposit Ratio
Cash Deposit Ratio
Total Debt to Owners Fund

69.54
22.78
3.08
15.81

71.68
23.83
4.09
14.82

74.76
22.40
6.01
14.01

73.87
24.26
6.11
14.51

73.60
26.22
5.57
15.96

Investment Valuation Ratios

Financial Charges Coverage Ratio

Financial Charges Coverage Ratio Post Tax
Leverage Ratios
Current Ratio
Quick Ratio
Cash Flow Indicator Ratios
Dividend Payout Ratio Net Profit
Dividend Payout Ratio Cash Profit
Earning Retention Ratio
Cash Earning Retention Ratio
Adjusted Cash Flow Times

Earnings Per Share

Book Value

0.36
1.18

0.39
1.20

0.46
1.27

0.55
1.34

0.43
1.31

0.02
24.05

0.02
23.90

0.03
28.00

0.02
26.51

0.02
21.88

20.33
18.89
79.67
81.11
116.43

20.21
18.94
79.79
81.06
99.11

13.86
13.14
86.14
86.86
72.84

15.23
14.40
84.77
85.60
68.11

17.92
16.66
82.08
83.34
73.28

Mar
'14

Mar '13

Mar '12

Mar '11

Mar '10

105.75
838.02

106.37
758.91

121.79
668.34

108.33
537.45

83.96
414.71

Analysis:
Bank of Baroda is among the better capitalized public sector bank. This aids the public sector bank to
benefit from loan growth triggered by a recovering economy. Despite deposits growing by 18% year on
year (y-o-y) in the first quarter of FY 15, the bank reported 16.6% y-o-y growth in profits.

HDFC Bank
Key Financial Ratios

Mar
'14

Mar '13

Mar '12

Mar '11

Mar '10

Face Value
Dividend Per Share
Operating Profit Per Share (Rs)
Net Operating Profit Per Share (Rs)
Free Reserves Per Share (Rs)
Bonus in Equity Capital
Profitability Ratios

2.00
6.90
29.65
171.47
---

2.00
5.50
21.97
147.37
---

2.00
4.30
18.11
116.28
---

10.00
16.50
83.56
428.36
---

10.00
12.00
106.25
436.03
363.55
--

Interest Spread
Adjusted Cash Margin(%)
Net Profit Margin
Return on Long Term Fund(%)
Return on Net Worth(%)
Adjusted Return on Net Worth(%)
Return on Assets Excluding Revaluations
Return on Assets Including Revaluations
Management Efficiency Ratios

8.01
18.65
17.28
81.47
19.50
19.50
181.23
181.23

-17.60
16.04
80.09
18.57
18.57
152.20
152.20

8.42
17.55
15.88
75.20
17.26
17.26
127.52
127.52

8.25
18.23
16.18
59.91
15.47
15.47
545.46
545.46

5.89
16.71
14.76
56.08
13.70
13.68
470.19
470.19

Interest Income / Total Funds

Net Interest Income / Total Funds
Non Interest Income / Total Funds
Interest Expended / Total Funds
Operating Expense / Total Funds
Profit Before Provisions / Total Funds
Net Profit / Total Funds
Loans Turnover
Total Income / Capital Employed(%)
Interest Expended / Capital Employed(%)
Total Assets Turnover Ratios
Asset Turnover Ratio
Profit And Loss Account Ratios

9.22
4.14
1.78
5.08
2.55
3.22
1.90
0.27
11.00
5.08
0.09
0.10

9.50
4.28
1.86
5.22
2.87
3.10
1.82
0.36
11.36
5.22
0.10
0.11

8.87
4.00
1.70
4.87
2.62
2.91
1.68
0.15
10.57
4.87
0.09
0.10

7.97
4.22
1.73
3.76
2.66
3.09
1.57
0.14
9.71
3.76
0.08
0.09

9.84
6.00
0.01
3.84
3.60
2.21
1.45
0.18
9.85
3.84
0.10
0.11

Interest Expended / Interest Earned

Other Income / Total Income
Operating Expense / Total Income
Selling Distribution Cost Composition
Balance Sheet Ratios

55.07
16.14
23.18
--

54.91
16.35
25.25
--

54.93
16.12
24.74
--

47.09
17.87
27.43
--

48.14
0.09
36.59
0.41

Capital Adequacy Ratio

Advances / Loans Funds(%)
Debt Coverage Ratios

16.07
82.33

16.80
--

16.52
79.19

16.22
79.34

17.44
77.24

Credit Deposit Ratio

Investment Deposit Ratio
Cash Deposit Ratio
Total Debt to Owners Fund

45.66
35.05
6.02
8.45

-38.51
5.46
8.18

78.06
36.99
8.81
8.24

76.02
34.45
10.79
8.22

72.44
37.85
9.35
7.78

Investment Valuation Ratios

Financial Charges Coverage Ratio

Financial Charges Coverage Ratio Post
Tax
Leverage Ratios

0.66

0.63

0.63

0.88

0.63

1.40

1.38

1.38

1.47

1.43

Current Ratio
Quick Ratio
Cash Flow Indicator Ratios

0.06
8.55

0.78
7.84

0.08
6.20

0.06
6.89

0.03
7.14

19.38
17.96
80.62
82.04
40.15

19.46
17.74
80.54
82.26
40.15

19.52
17.67
80.48
82.33
43.21

19.55
17.35
80.45
82.65
47.15

21.72
19.15
78.25
80.82
50.14

Mar
'14

Mar '13

Mar '12

Mar '11

Mar '10

35.34
181.23

28.27
152.20

22.02
127.52

84.40
545.46

64.42
470.19

Dividend Payout Ratio Net Profit

Dividend Payout Ratio Cash Profit
Earning Retention Ratio
Cash Earning Retention Ratio
Adjusted Cash Flow Times

Earnings Per Share

Book Value

ICICI Bank

Key Financial Ratios

Mar
'14

Mar '13

Mar '12

Mar '11

Mar '10

Face Value
Dividend Per Share
Operating Profit Per Share (Rs)
Net Operating Profit Per Share (Rs)
Free Reserves Per Share (Rs)
Bonus in Equity Capital
Profitability Ratios

10.00
23.00
58.39
382.55
---

10.00
20.00
46.32
347.40
---

10.00
16.50
25.38
290.99
---

10.00
14.00
25.03
225.51
---

10.00
12.00
49.80
293.74
356.94
--

Interest Spread
Adjusted Cash Margin(%)
Net Profit Margin
Return on Long Term Fund(%)
Return on Net Worth(%)
Adjusted Return on Net Worth(%)
Return on Assets Excluding Revaluations
Return on Assets Including Revaluations
Management Efficiency Ratios

7.35
19.02
17.96
56.48
13.40
13.40
633.92
633.92

-18.20
17.19
56.37
12.48
12.48
578.21
578.21

7.45
15.85
15.75
52.33
10.70
10.70
524.01
524.01

6.95
17.27
15.79
43.05
9.35
9.35
478.31
478.31

5.66
13.64
12.17
44.72
7.79
7.53
463.01
463.01

Interest Income / Total Funds

Net Interest Income / Total Funds
Non Interest Income / Total Funds
Interest Expended / Total Funds
Operating Expense / Total Funds
Profit Before Provisions / Total Funds
Net Profit / Total Funds
Loans Turnover
Total Income / Capital Employed(%)
Interest Expended / Capital Employed(%)
Total Assets Turnover Ratios
Asset Turnover Ratio
Profit And Loss Account Ratios

7.81
2.91
1.84
4.90
1.72
2.93
1.73
0.26
9.65
4.90
0.08
0.08

7.81
2.70
1.63
5.11
1.66
2.57
1.62
0.34
9.44
5.11
0.08
0.08

7.49
2.40
1.68
5.10
1.74
2.32
1.44
0.14
9.17
5.10
0.07
0.08

6.75
2.34
1.73
4.41
1.59
2.35
1.34
0.13
8.48
4.41
0.07
0.07

8.82
4.08
0.08
4.74
2.59
1.41
1.08
0.17
8.90
4.74
0.09
0.10

Interest Expended / Interest Earned

Other Income / Total Income
Operating Expense / Total Income
Selling Distribution Cost Composition
Balance Sheet Ratios

62.71
19.10
17.82
--

65.40
17.24
17.60
--

68.00
18.28
19.02
--

65.29
20.38
18.80
--

68.44
0.92
29.05
0.72

Capital Adequacy Ratio

Advances / Loans Funds(%)
Debt Coverage Ratios

17.70
73.26

18.74
--

18.52
69.44

19.54
68.53

19.41
58.57

Credit Deposit Ratio

Investment Deposit Ratio
Cash Deposit Ratio
Total Debt to Owners Fund
Financial Charges Coverage Ratio

54.23
55.79
6.54
4.53
0.62

-60.38
7.21
4.39
0.52

97.71
61.16
8.60
4.23
0.46

90.45
59.77
11.32
4.10
0.56

90.04
53.28
10.72
3.91
0.33

Investment Valuation Ratios

Financial Charges Coverage Ratio Post Tax

Leverage Ratios

1.37

1.34

1.29

1.33

1.26

Current Ratio
Quick Ratio
Cash Flow Indicator Ratios

0.09
11.31

0.98
10.53

0.12
9.37

0.07
15.86

0.14
14.70

Dividend Payout Ratio Net Profit

Dividend Payout Ratio Cash Profit
Earning Retention Ratio
Cash Earning Retention Ratio
Adjusted Cash Flow Times

27.07
25.57
72.93
74.43
31.96

27.71
26.17
72.29
73.83
33.19

29.41
29.22
70.59
70.78
39.26

31.30
28.61
68.70
71.39
40.04

37.31
32.33
61.40
66.70
44.79

Mar
'14

Mar '13

Mar '12

Mar '11

Mar '10

84.95
633.92

72.22
578.65

56.09
524.01

44.73
478.31

36.10
463.01

Earnings Per Share

Book Value

Analysis:
ICICI Bank ltd has been a consistent performer with steady loan growth among the private sector banks.
The strong retail franchise is its key strength. Moreover capital position is strong as Basel III tier 1 at
12.6% and 17.4%capital adequacy ratio placing them in a better position with reduced dilution risk.