Financial Position of Axix Bank

8/12/2019 Financial Position of Axix Bank

1/9

.1

INTRODUCTION

BANKING IN INDIA

Banking in India originated in the first decade of 18th century. The

first banks were The General Bank of India, which started in 1786, and

Bank of Hindustan, both of which are now defunct. The oldest bank in

existence in India is the State Bank of India, which originated in the "The

Bank of Bengal" in Calcutta in June 1806. This was one of the three

presidency banks, the other two being the Bank of Bombay and the Bank

of Madras. The presidency banks were established under charters from

the British East India Company. They merged in 1925 to form the

Imperial Bank of India, which, upon India's independence, became the

State Bank of India. For many years the Presidency banks acted as quasi-

central banks, as did their successors. The Reserve Bank of India

formally took on the responsibility of regulating the Indian banking sector

from 1935. After India's independence in 1947, the Reserve Bank was

nationalized and given broader powers.


2/9

.2

COMPANY DESCRIPTION

Axis Bank was the first new generation private sector bank to be

established in India under the overall reform programme initiated by the

Government of India in 1991, under which nine new banking licenses

were granted.

The Bank was promoted by Unit Trust of India, the largest mutual

fund in India, holding 87% of the equity. Life Insurance Corporation of

India (LIC), General Insurance Corporation Ltd and its four subsidiaries

who were the co-promoters held the balance 13%. The Bank started its

operations in 1994.

Axis Banks first capital raising post inception was in 1998 through

a public offering of primary shares and in subsequent years through

equity allotment to a few other investors like CDC. Citicorp Banking

Corporation, Bahrain, Karur Vysya Bank and Chrys Capital leading to a

dilution in UTIs shareholding in the Bank. Further dilution of

Promotors shareholding happened during Q4 ended of 2004, when the

Bank raised US$ 239.30 Million of Capital through a GDR issue.

The Bank today is capitalized to the extent of Rs. 358.56 crores with the

public holding (other than promoters) at 57.60%.


3/9

.3

FINANCIAL POSTION

Thestatus of theassets, liabilities, andowners' equity (and

theirinter relationships) of anorganization, as reflected in itsfinancial

statements.Also calledfinancialcondition.
http://www.businessdictionary.com/definition/status.htmlhttp://www.businessdictionary.com/definition/asset.htmlhttp://www.businessdictionary.com/definition/liability.htmlhttp://www.businessdictionary.com/definition/owners-equity.htmlhttp://www.businessdictionary.com/definition/interrelationship.htmlhttp://www.businessdictionary.com/definition/organization.htmlhttp://www.businessdictionary.com/definition/financial-statement.htmlhttp://www.businessdictionary.com/definition/financial-statement.htmlhttp://www.businessdictionary.com/definition/financial.htmlhttp://www.businessdictionary.com/definition/condition.htmlhttp://www.businessdictionary.com/definition/condition.htmlhttp://www.businessdictionary.com/definition/financial.htmlhttp://www.businessdictionary.com/definition/financial-statement.htmlhttp://www.businessdictionary.com/definition/financial-statement.htmlhttp://www.businessdictionary.com/definition/organization.htmlhttp://www.businessdictionary.com/definition/interrelationship.htmlhttp://www.businessdictionary.com/definition/owners-equity.htmlhttp://www.businessdictionary.com/definition/liability.htmlhttp://www.businessdictionary.com/definition/asset.htmlhttp://www.businessdictionary.com/definition/status.html


4/9

.4

OBJECTIVE OF STUDY

1. To study the depth equity ratio decreasing year by year.

2. To study the financial potion analysis of Axis Bank, Chandrapur.

3. To understand the financial statement.

4. To study the working capital.


5/9

.5

IMPORTANCE OF STUDY

1) This study will help to know financial position of Bank.2) It also covers study of balance sheets of last three years.3) It helps to know different financial aspects in Axis Bank.4) It will also helpful in knowing financial management of Company.


6/9

.6

HYPOTHESIS

1. Financial potion is increase the wealth and growth of the Axisbank.

2. Fixed Assets Turnover ratio is increasing which shows that fixedassets are efficiently utilized.

3. Current Ratio is increasing which is showing a sound financialposition of the company.

4. Quick Ratio of the company is increasing it shows that position ofthe company is improving.


7/9

.7

RESEARCH METHODOLOGY

Research is process of scientific and systematic, in-depth study or

search of any particular subject, topic area of investigation, followed by

collection compilation presentation, analysis and interpretation of

relevant details of date it is a careful investigation or inquiry especially

through search for new facts in any branch of knowledge. Research also

means the search form knowledge thorough objective and systematic

method of finding solution to a problem. Thus in short the term research

refers to formulation of a hypothesis, collection of the facts or date

analyzing the facts and reaching certain conclusion either in the from of

solution towards the concerned problem or in certain generalization for

some theoretical formulation.

The procedure for the research work involves the following

basic elements:

A) SELECTING THE SUBJECT:-

Selecting the subject of research is a crucial decision for the

researcher . The idea of the subject should be very clear in his min. The

selected subject should be clear and precise and ambiguity should

avoided.


8/9

.8

B) SELECTION OF THE TITLE:-

The title given to the subject matter of the research work should not

be ambiguous. The reader should be able to from an ideal the contents of

the research work after going through its title.

C) REPORTING :-

When the researcher finishing analyzing the date and various fact

the found out the research work is almost over. These findings are then

summarized and conclusions are drawn from it. These conclusions are

then reported in an orderly fashion.

D) COLLECTION OF THE DATA:-

The research plan call for gathering secondary data, primary data

or both secondary date consists of information that already exists

somewhere having been collected for another purpose. Otherwise the

researcher has to gather primary data, which consists of original

information through survey, experiment and focus group for the specify

purpose at hand.


9/9

.9

BIBLIOGRAPHY

Books

Dr. I.M. Pandey- Financial Management, Vikas Publication Delhi

M.Y. Khan P.K. Jain- Financial Management , Tata Mc Graw HillPublishing company Limited, New Delhi

Websites

www.axisbank.com www.infinancials.com

Submitted By

Miss. Priyanka F. BokadeB.B.A. Final Year; 2013-2014

CCITM, Chandrapur

Guided By

Prof. Kanta DodaniCCITM, Chandrapur
http://www.axisbank.com/http://www.axisbank.com/http://www.infinancials.com/http://www.infinancials.com/http://www.infinancials.com/http://www.axisbank.com/

Financial Position of Axix Bank

Documents

Transcript of Financial Position of Axix Bank