STUDY OF FINANCIAL ANALYSIS AND GROWTH OF HDFC … V Lokeshwar Reddy...STUDY OF FINANCIAL ANALYSIS AND GROWTH OF HDFC BANK: SPECIAL REFRENCE TO INVESTMENT INSURANCE & OTHER BANKING

Airo International Research Journal May, 2016 Volume VII, ISSN: 2320 3714

STUDY OF FINANCIAL ANALYSIS AND GROWTH OF HDFC BANK: SPECIAL REFERENCE TO

INVESTMENT INSURANCE & OTHER BANKING PRODUCTS

D V Lokeshwar Reddy,Research Scholar, Dept Of Management, Sunrise University, Alwar, Rajasthan

Dr. Bhawna Garg, Supervisor, Dept of management, Sunrise University, Alwar, Rajasthan

Abstract

The article for the most part manages making the examination between the item offered by open and private division

Banks with exceptional reference of PNB and HDFC banks. What's more, it additionally makes the correlation between

the administrations offered by the two and the forthcoming of clients towards the saves money with the assistance of

poll. HDFC Bank Limited (Housing Development Finance Corporation) is an Indian saving money and monetary

administrations organization headquartered in Mumbai, Maharashtra. It has around 76,286 workers including 12,680

women[6] and has a nearness in Bahrain, Hong Kong and Dubai.[7] HDFC Bank is the second biggest private bank in

India as measured by assets.[8] It is the biggest bank in India by business sector capitalization as of February 2016.[9]

It was positioned 58th among India's most trusted brands as indicated by Brand Trust Report, 2015.[10]

Absolute monetary record size as of December 31, 2015 was Rs. 687,892 crores as against Rs. 534,855 crores as of

December 31, 2014. The Bank's aggregate pay for the quarter finished December 31, 2015 was Rs.18,283.3 crores, up

from Rs.14,930.7 crores for the quarter finished December 31, 2014. Net incomes (net interest pay in addition to other

pay) expanded by 20.7% to Rs. 9,940.7 crores for the quarter finished December 31, 2015 as against Rs. 8,234.8 crores

for the relating quarter of the earlier year

Keywords: Bank, Financial products, Public & private sector

1. Objective of the study The goal of the undertaking is " To Study the Extent

of Financial Products in Public and Private Banks with

particular reference to correlation of PNB and HDFC

Bank"

The entire undertaking is centered around the

accompanying exploration destinations:-

1. To contemplate the Financial Products of Banking

area

2. To contemplate the budgetary results of banks,

alluding to Public segment, PNB and Private Sector,

HDFC Bank

3. To look at the budgetary items and administrations

of PNB and HDFC Bank utilizing an apparatus,

Questionnaire

2. Restrictions

It was hard to discover the focused on individuals who

were utilizing money related item or administration of

both banks, PNB and HDFC bank in any structure. It

was hard to persuade individuals to fill precise data as

STUDY OF FINANCIAL ANALYSIS AND GROWTH OF HDFC BANK: SPECIAL REFRENCE TO


it was tedious errand for them and correlation is

likewise diffiult. Making a poll in itself was a test as

items are fluctuated and various and isolation was

troublesome.

3. Punjab National Bank, subsequent to 1895

Built up in 1895 at Lahore, unified India, Punjab

National Bank (PNB) has the refinement of being the

main Indian bank to have been begun exclusively with

Indian capital. The bank was nationalized in July 1969

alongside 13 different banks. From its unobtrusive

starting, the bank has developed in size and stature to

end up a forefront managing an account organization

in India at present. A professionally oversaw keep

money with an effective reputation of more than 110

years Largest branch system in India - 4525 Offices

including 432 Extension Counters spread all through

the co with more than 38 million fulfilled clients and

4668 workplaces; PNB has kept on holding its

administration position among the nationalized banks.

The bank appreciates solid essentials, expansive

establishment quality and great brand picture. Other

than being positioned as one of India's top

administration brands, PNB has remained completely

dedicated to its directing standards of sound and

reasonable saving money. Aside from offering

keeping money items, the bank has likewise entered

the Mastercard and platinum card business; bullion

business; life and non-life insurance business; Gold

coins & asset management business, etc. Since its

modest starting in 1895 with the refinement of being

the principal Indian bank to have been begun with

Indian capital, PNB has accomplished huge

development in business which toward the end of

March 2009 added up to Rs 3, 64,463 crore.

4. Review of literature

4.1 McKinney’s 7s model

The 7S Framework initially showed up in "The Art of

Japanese Management" by Richard Pascale and

Anthony Athos in 1981. It's about conceiving a

methodology as well as the center lies in its usage and

how this state of mind changed the achievement way

of Japanese industry. In the meantime Tom Peters and

Robert Waterman were investigating what made a

Bank great. These four creators built up the 7S model

in 1978. It went ahead to show up "In Search of

Excellence" by Peters and Waterman from where the

worldwide administration consultancy McKinsey took

it up as an essential instrument. Subsequently some of

the time it is known as Mckinsey's 7S Model.

5. Indian Banking System

5.1 Banking administration

The essential operations of banks include:

Keeping cash safe while additionally permitting

withdrawals when required :- Issuance of checkbooks so bills can be paid and

different sorts of installments can be conveyed by post

Provide individual advances, business advances, and

home loan advances (commonly advances to buy a

home, property or business) Issuance of Mastercards and handling of Mastercard

exchanges and charging Issuance of platinum cards for use as a substitute for

checks Allow monetary exchanges at branches or by utilizing

ATMs



Provide wire exchanges of assets and Electronic asset

exchanges between banks Facilitation of standing requests and direct charges, so

installments for bills can be made consequently

Provide overdraft assentions for the transitory

progression of the Bank's own cash to meet month to

month spending responsibilities of a client Provide Charge card advances of the Bank's own

particular cash for clients wishing to settle credit

propels month to month. Give a check ensured by the

Bank itself and paid ahead of time by the client, for

example, a clerk's check or guaranteed check.

5.3 Foreign trade administrations

Foreign trade administrations are given by numerous

banks the world over. Remote trade administrations

include:

Currency Exchange - where customers can buy and offer outside money bank notes

Wire exchange - where customers can send assets to worldwide banks abroad

Foreign Currency Banking - keeping money exchanges are done in outside cash

5.2 Other sorts of bank administrations

Private saving money – Private Banks give managing

an account benefits only to high total assets people.

Numerous money related administrations firms require

a man or family to have a specific least total assets to

fit the bill for private managing an account

administrations. Private Banks regularly gives more

individual administrations, for example, riches

administration and duty arranging, than ordinary retail

banks. Capital business sector bank - bank that guarantee

obligation and value, help organization bargains

(counseling administrations, endorsing and

consultative expenses), and rebuild obligation into

organized account items. Bank cards - incorporate both Mastercards and charge

cards. Bank of America is the biggest backer of bank

cards. Visa machine administrations and systems -

Companies which give Visa machine and installment

systems call themselves "dealer card suppliers".

5.4 Investment administrations

Asset administration - the term typically given to

depict organizations which run aggregate speculation

stores.

Support investments administration - Hedge finances

regularly utilize the administrations of "prime

business" divisions at real venture banks to execute

their exchanges.

Guardianship administrations - Custody

administrations and securities handling is a sort of

'back-office' organization for money related

administrations. Resources under care on the planet

were assessed to $65 trillion toward the end of

2004.[4]

5.5 Insurance business

Insurance specialists look for protection (for the most

part corporate property and loss protection) for the

benefit of clients. As of late various sites have been

made to give purchasers essential value correlations

for administrations, for example, protection, creating

debate inside the industry.[5]



Insurance endorsing - Personal lines protection

financiers really guarantee protection for people, an

administration still offered principally through

operators, protection dealers, and stock

representatives. Guarantors may likewise offer

comparative business lines of scope for organizations.

Exercises incorporate protection and annuities, life

coverage, retirement protection, medical coverage, and

property and loss protection. Reinsurance –

Reinsurance is protection sold to safety net providers

themselves, to shield them from calamitous

misfortunes.

5.6 Other money related administrations

Intermediation or admonitory administrations - These

administrations include stock merchants (private

customer administrations) and markdown dealers.

Stock merchants help financial specialists in

purchasing or offering offers. Fundamentally web

based organizations are regularly alluded to as

markdown financiers, albeit numerous now have

branch workplaces to help customers. These financiers

essentially target singular speculators.

Private value - Private value assets are commonly shut

end reserves, which for the most part take controlling

value stakes in organizations that are either private, or

taken private once procured. Private value finances

regularly utilize utilized buyouts (LBOs) to procure

the organizations in which they contribute.

Funding - Venture capital is a sort of private value

capital normally gave by expert, outside financial

specialists to new, high-potential-development

organizations in light of a legitimate concern for

taking the organization to an IPO or exchange offer of

the business.

Holy messenger speculation - A heavenly attendant

speculator or holy messenger (known as a business

blessed messenger or casual financial specialist in

Europe), is a well-off person who gives cash-flow to a

business start-up, as a rule in return for convertible

obligation or possession value. A little however

expanding number of heavenly attendant speculators

sort out themselves into holy messenger gatherings or

blessed messenger systems to share research and pool

their venture capital.

Combinations - A money related administrations

aggregate is a budgetary administrations firm that is

dynamic in more than one area of the monetary

administrations market

5.7 Government Sector Banks

The budgetary part changes secured deregulation of

approaches, solution of prudential standards taking

into account universally acknowledged practices in

admiration of capital sufficiency, wage

acknowledgment, resource arrangement and

provisioning for debilitated resources and presentation

of rivalry in the keeping money area. A few measures

towards reinforcing of supervision over banks were

likewise presented at the same time. The prudential

standards were embraced in a staged way from 1992-

93 to make the move less difficult. Till reception of the

prudential standards, twenty-six out of twenty-seven

open part banks were reporting benefits. In the primary

post-change year, i.e., 2002-03, the productivity of

PSBs as a gathering turned negative with upwards of

twelve nationalized banks reporting net misfortunes.

6. Private Sector Banks



The Banking Regulation Act was corrected in 1993

allowing the passage of new private division banks.

The demonstration additionally determined certain

criteria : The banks ought to have a base networth of Rs1bn.

The promoters holding ought to be least 25% of the paid up capital.

The banks ought to offer shares to people in general

inside three years of their operations. (This condition

was casual if there should be an occurrence of

numerous banks because of poor condition of capital

markets).

The main new private segment bank began operations in 1995.

The base networth necessity of Rs1bn and trouble in

getting the managing an account permit has kept the

choice open for not very many players. A number of

these banks have been advanced by the money related

organizations. After the CRB disaster (the gathering

was allowed a permit for saving money which was

repudiated after the introduction of the gathering in a

trick), RBI has not conceded any further licenses.

With accentuation on administration and innovation, it

is interestingly that Indian banks are testing the remote

banks. These banks are making substantial utilization

of innovation to give great administration keeping

pace with remote banks however to a much more

extensive gathering of people e.g. branch size has been

decreased extensively by utilizing innovation and

having less labor. This spares the expense of the

branch. What's more the ATM and so on helps

attracting extensive clients to one branch.

The new private banks are on a development stage and

are currently moving into semi-urban regions and

satellite towns to satisfy their branch extension

standards. Their mechanical edge and item

development has seen them picking up piece of the

overall industry from the slower, less productive more

established banks. These banks have focused on non-store based wage as

real wellspring of income, with their level of

unexpected liabilities being much higher then their

other partner's viz. PSU and old private area banks.

The new private banks have been reliably picking up

piece of the overall industry from people in general

segment banks.

The real recipient of this has been corporate customers who are most looked for after at this point.

7. Government vs. Private Sector Banks

According to a B & F - BRIS survey of the most

outstanding Government Banks, PNB emerges as the

best. Top Ten Banks

1. State Bank Of India

2. ICICI Banking Corporation

3. Punjab National Bank

4. Corporation Bank

5. Oriental Bank of Commerce

6. Jammu and Kashmir Bank

7. Karuk Visa Bank

8. Indus land Bank

9. Bank of Baroda



10. State bank of Hyderabad

8. Near Analysis

There were different weaknesses in administrations of

open area banks that lead to development of Foreign

and Private division banks in India. Today India can

gloat of its own banks, which are at standard with

universal stands of administration gave by banks world

over. PNB bank and ICICI, HDFC bank is three choice

banks in India, which are giving extreme rivalry to the

outside banks. The goal of this examination was to

discover the explanations behind the accomplishment

of the India's private division manages an account with

particular reference to HDFC in correlation of open

segment banks alluding uncommonly to PNB.

8.1 The Cutting Edge

To wind up a top you have to know your opposition

and need to convey snappier and superior to your rival.

Be that as it may, item prevalence is by all account not

the only motivation behind why the banks stay at to

however it must be joined with sound advertising

system, operational effectiveness, better client

administration

9. Punjab National Bank and HDFC bank

9.1 Punjab National Bank

Punjab National Bank was the primary bank in India to

present CBS on Finacle. Amid FY09 PNB

accomplished the point of interest of having ALL

branches connected with Core Banking Solution

(CBS), along these lines turning into the FIRST

Nationalized bank to accomplish this development.

Presently more than 38 million PNB clients spread

crosswise over 2560 focuses in the nation appreciate

the office of 'one bank - one record'. The Financial

application is running on single occasion database and

it is the biggest blend with 24000 simultaneous clients

on the planet. To take care of the expanding future

demand on IT Systems, Bank has found a way to

overhaul framework/Hardware which will guarantee

better preparing time.

9.2 Financial Services

Punjab National Bank is a noteworthy managing an

account items and administrations supplier in India. It

is positioned in #1166 position in 2008 Forbes Global

2000 rundown. It gives a wide assortment of monetary

items and administrations to an unfathomable

customer base crosswise over India. At present,

complete customer tally of Punjab National Bank is

around 35 million. It has 4540 workplaces, which

incorporate 421 augmentation counters. It is viewed as

having the capacity to test blue chip organizations in

future. 9.3 Brief History

9.4 Products and administrations

Punjab National Bank gives its items and

administrations in three separate classifications –

individual managing an account, corporate keeping

money and social saving money. In addition, it

likewise gives a few administrations in SSI segment.

In individual managing an account area, Punjab

National Bank offers investment funds reserve

accounts, credit plans, current record, ATM or

platinum cards, altered store plans and designation

offices. Its social managing an account administrations



are given to ranchers and ladies. In corporate keeping

money area, Punjab National Bank gives advances

against future lease rentals, money administration

administrations, EXIM fund and gold card plan for

exporters.

9.5 Financials

In 2007 offers of Punjab National Bank added up to

$3.03 billion and it earned benefits worth $0.38

billion. Resources possessed by Punjab National Bank

were worth $38.42 billion and its fairly estimated

worth was $4.76 billion.

9.6 Financial emergency

Punjab National Bank has concluded that it would

eliminate its loaning rate from October 31, 2008

onwards. Administration has chosen this move in

perspective of present worldwide monetary condition,

where keeping money and budgetary parts are

experiencing an extreme stage.

9.11 Recognitions

Punjab National Bank won 'Best IT Team of the Year

Award' at IDRBT Banking Technology grants in

2005-06. It has won 'SKOTCH Challenger Award' for

Change Management in 2005-06 and 'Best IT User in

Banking and Financial Services Industry' recompense

in 2004. That recompense was given by NASSCOM

and 'The Economic Times'.

9.12 Business and Financial Metrics

Dr. KC Chakrabarty,Chairman and Managing

Director, educated that on a standalone premise amid

the Q4 FY 2008-09, the Net Profit of the Bank

developed by 59.2% to Rs. 865 crore, the most

elevated among the Nationalized Banks. Progresses

development has prompted a 20% expansion to PNB's

greatest advantage salary. PNB's credit development is

relied upon to be around 22% for FY08 and 21% for

FY09

9.10 Associate Banks

There are partner banks that fall under PNB, and

together these seven banks constitute the State Bank

Group. They are: Punjab and Sind Bank Punjab

National Bank Plans have been declared by Punjab

National Bank to consolidation every single partner

bank.



230.54 billion of earlier years, recording a

development of 34% amid the year.

9.13 National Banking Group

The Bank's National Banking Group (NBG) comprises

of three Business Groups viz., Personal Banking,

Small and Medium Enterprise (SME), and

Government Banking.

Individual Banking Business Unit: During 2007-08,

Personal Banking residential stores have developed

from Rs.1,908.70 billion to Rs.2,366.45 billion,

demonstrating a development of Rs.457.75 billion

(23.98 %) as against Rs.276.84 billion amid the earlier

year. SME Business Unit (SMEBU):

SME Business Unit is actualizing different techniques

to keep up Bank's chief position in SME financing.

Advances to SME part expanded to Rs.763.29 billion

as on 31st March, 2008 from Rs.586.74 billion of the

earlier years enrolling a Y-O-Y development of 30%.

Stores under SME area expanded to Rs.1, 651.68

billion as toward the end of March 2008 from Rs.1,

9.13.1 Rural Business Group

During the year 2008-09, Rural Business Group of the

Bank comprising rural and semi urban branches,

accounting for about 70% of the branch network of the

Bank grew by Rs.298.07 billion in deposit

representing a growth of 22.8% and Rs.187.34 billion

in advances representing a growth of 23.4%. This was

against a growth of Rs.163.67 b.

9.14 HDFC Bank

HDFC Bank, consolidated in August 1994 as HDFC

Bank Limited, has its enrolled office in Mumbai,

India. HDFC Bank works in an exceedingly

mechanized environment as far as data innovation and

correspondence frameworks. All the bank's offices

have availability that empowers the bank to offer

expedient assets exchange offices to its clients. Multi-

branch access is likewise given to retail clients through

the branch arrange and computerized teller machines.



9.15 HDFE Bank Product and Customer Segment & Personal Banking

9.16 Study of Financial Products and Services

of PNB and Personal Banking

Punjab National Bank offers an extensive variety of

administrations in the Personal Banking Segment

9.16.1 Social Banking

Global saving money administrations of PNB are

conveyed for the advantage of its Indian clients, non-

inhabitant Indians, outside elements and banks through

a system of 84 workplaces/branches in 35 nations as

on 31 March 2009, spread over untouched zones. The

which are listed here. Items are composed with

adaptability to suit your own prerequisites. Appreciate

24 hour office through our ATMs - developing

speeadily it has crossed the 5000 imprint Watch this

space for more points of interest.

system is expanded by a bunch of Overseas and NRI

branches inside India and reporter joins with more

than 350 banks, the world over. Bank's Joint Ventures

and Subsidiaries abroad further underline the Bank's

worldwide nearness.



9.16.2. Administrations

Recorded on the left are Services, PNB offers to its

clients. Household Treasury Broking Services Revised

Service Charges ATM Services Internet Banking E-

Pay E-Rail RBIEFT Safe Deposit Locker Management

and Pharmacy

Vol. 2, Issue 9, December 2013

(IJRMP) ISSN: 2320-0901

17 Online International, Reviewed and Indexed

Monthly Journal www.raijmr.com

RET Academy for International Journals of

Multidisciplinary Research (RAIJMR)

Blessing Checks MICR codes

9.16.3 Government Business

PNB's linkages with Government business are far

reaching. No big surprise that out of 9315 branches in

India, around 7000 branches are directing Government

Business. The extensive system of our branches gives

simple access to the basic man to store the

accompanying Government levy and Pension

installments. These include:

PNB is a one shop giving money related

items/administrations of a wide range for huge ,

medium and little clients both household and global.

9.16.5 Working Capital Financing

Assistance developed both as Fund based and Non-

Fund based offices to Corporates, Partnership firms,

Proprietary concerns

Working Capital account stretched out to all fragments

of commercial enterprises and administrations

division, for example, IT

9.16.5.1 Term Loans

To bolster capital uses for setting up new pursuits as

additionally for development, redesign and so forth

9.16.5.2 Deferred Payment Guarantees

To bolster buy of capital types of gear.

9.16.5.3 Corporate Loans

For an assortment of business related purposes to

corporates.

9.16.5.4 Export Credit

To Corporates/Non Corporates

9.16.4 Corporate Banking

9.17 Strategic Business Units

1. Corporate Accounts Group (CAG)

2. Venture Finance

3. Lease Finance

A selective unit giving one s shopping to Corporates



A committed set up represented considerable authority in financing of base and other huge tasks

Exclusive set up for taking care of extensive ticket leases.

9.18 Pricing

PNB's Prime Lending Rates (PLR) are among the most

minimal Presently Bank has two PLR's SBAR for

credits payable on interest and up to one year

SBMTLR for advances payable past one year.

in India – remains for Current Accounts and Savings

Account), private-segment banks have been expanding

their CASA base consistently throughout the years.

ICICI Bank, the biggest private bank in India, has

extended its CASA piece of the pie by 218% over the

time of 2003-2008.

9.20.2 Data Analysis

Analysis 1

Which sectors bank account do you have?

9.19 International Banking Group

As on 31.03.2008, the Bank had a system of 84 abroad

workplaces spread more than 32 nations covering

unsurpassed zones. Net Profit from Bank's abroad

operations enlisted a development of 84%. The Bank

has further heightened its push in the range of

syndicated outside coin advances and took an interest

in corporate syndicated credit bargains adding up to

USD 27.57 billion amid April 2007 to March 2008,

other than amplifying a few respective offices

conglomerating US$ 933 million.

9.20 Study of money related items and

administrations of HDFC

9.20.1 Comparison of private and open banks

"Open part banks confronting firm rivalry from

private area banks"

Open part banks are confronting rivalry from their

private area partners and outside banks entering India

in all domains of money related administrations. While

open part banks appreciate a pre-famous position as

far as ease store base (additionally called CASA stores

The above graph shows that most of the peoples

having private bank account i.e. 45%. Were as only

25% peoples having public sectors bank account.

The above graph shows that age group less than 30

and 31 to 40 years having the mostly accounts i.e. 32%

and 37% respectively.

10. Findings:-

1. In the wake of dissecting the charts got by the

review, I deciphered the accompanying results.



2. Larger part of the general population manage the

banks on a month to month premise, trailed by

everyday schedule, trailed by twice in a week and

week by week premise, 2 on fortnightly premise.

3. The majority of the respondents are calm content

with their keeping money exchanges and dominant

part of individuals rate their exchange as incredible

and great, trailed by normal.

4. Dominant part of individuals favored private bank

took after by open bank and ultimately an outside

bank.

5. Real respondents are more fulfilled by the HDFC,

few by PNB while just 3 were fulfilled by both the

banks, PNB and HDFC Bank.

6. Dominant part of individuals imagine that HDFC

gives individual thoughtfulness regarding them.

7. Most exchanged money related result of HDFC is

records and stores, trailed via cards, installment

administrations, availability administrations, credits,

venture protection and ultimately forex

administrations.

8. Then again, exchange greatest in Accounts and

stores, trailed by individual fund, ards and in

conclusion in installment administrations in PNB.

9. In HDFC People favored credits, trailed by

installment administrations, favored availability and

cards administrations, and forex administrations and in

conclusion accounts and stores.

10. Though in PNB individuals favored installment

administrations and cards, accounts and stores, and

finally forex administrations and advances.

11. Most extreme respondents are pulled in by web

saving money, trailed by versatile managing an

account, ATM, Net keeping money, email

proclamations, last however not the slightest money

conveyance at doorstep and tele saving money in

HDFC.

12. Greater part of respondents are pulled in by safe

store locker, trailed by administration charges and

expenses in PNB.

13. HDFC money related items offerings are better and

helpful.

11. Conclusion

Helped me comprehend the fundamental budgetary

items and administrations of banks

Got an understanding into the money related results of

the of two banks, HDFC Bank and PNB Got a chance

to take a gander at banks from an alternate point of

view, breaking down the examination between the

two, concentrating on PNB and HDFC Bank

First time got the introduction of doing up close and personal poll review

Learnt to deal with data

12. Recommendations

After doing this research, I would like to suggest the

following recommendations.

12.1 HDFC Bank



The only concern for this bank is in terms of security.

As this is an era of recession, this bank being a private

bank, needs to develop trust and confidence of the

people in it and its products.

12.2 PNB More financial product offering

Well, firstly bank needs to work on its financial

products offerings in terms of variety in order to be at

par with private banks.

Customer orientation

They need to work on customer orientation, improving the level of satisfaction by:

providing timely services to clients

6. Shekhar, K. C. and Shekhar, Lakshmy,

“Banking Theory and Practice”, Vikas

Publishing House Pvt. Ltd., New 7. Delhi, 2006. 8. Sundaram, K. P. M. and Varshney, P. N., “

Banking Theory- Law & Practice”, Sultan

Chand & Sons, New 9. Delhi, 2006. 10. Vaish, M. C., “Money, Banking & Finance”,

Vikas publishing House Pvt. Ltd., New Delhi,

2005.

*****

more soft approach

Reduced formalities in providing services better &

convenient financial products PNB need to focus on

developing the products which are more convenient

and better.

References

1. Kothari, C.R., Social Banking and Profitability,

ArihantPublishers, Jaipur, 1991.

2. Reddy, Y. Venugopal, “Monetary & Financial

sector Reforms in India”, USB Publishers

Distributor Ltd., Delhi,

3. 2000.

4. Sayers, R. S., Modern Banking, Oxford

University Press, Oxford, 1967.

5. Schall and Haley. Introduction to Financial

Management. 5th edition. McGraw-hill, 1988.

STUDY OF FINANCIAL ANALYSIS AND GROWTH OF HDFC … V Lokeshwar Reddy...STUDY OF FINANCIAL ANALYSIS AND GROWTH OF HDFC BANK: SPECIAL REFRENCE TO INVESTMENT INSURANCE & OTHER BANKING

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