Report On Cochin Stock Brokers Ltd 4h35p

INTRODUCTION

About the Sector: A bank is a financial institution licensed to receive deposits and make loans. Banks may also provide financial services, such as wealth management, currency exchange, and safe deposit boxes. There are two types of banks: commercial/retail banks and investment banks. In most countries, banks are regulated by the national government or central bank. The banking sector is undergoing a period of major upheaval and restoring customer confidence, badly shaken during the financial crisis, has emerged as a key priority. More assertive customers are increasingly demanding higher quality of service and ease of use from their banks. In addition, evolving regulatory reforms around capital and risk management also need to be addressed. The damage suffered during the financial crisis has turned improvement of operational efficiency into a strategic necessity. Addressing issues such as low efficiency of existing channels, ageing technology, high operating costs, and existence of complex processes has become an immediate priority for the industry. The importance of technology in enabling the banking sector to deal with changing customer demands, improve operational efficiency, and enhance regulatory compliance is increasingly recognized by banks across the globe. The Indian banking system consists of 27 public sector banks, 21 private sector banks, 49 foreign banks, 56 regional rural banks, 1,562 urban cooperative banks and 94,384 rural cooperative banks, in addition to cooperative credit institutions. Indian banks are increasingly focusing on adopting integrated approach to risk management. Banks have already embraced the international banking supervision accord of Basel II, and majority of the banks already meet capital requirements of Basel III, which has a deadline of 31 March 2019. Reserve Bank of India (RBI) has decided to set up Public Credit Registry (PCR) an extensive database of credit information which is accessible to all stakeholders. The Insolvency and Bankruptcy Code (Amendment) Ordinance, 2017 Bill has been ed and is expected to strengthen the banking sector. Demand has grown for both corporate & retail loans; particularly the services, real estate, consumer durables & agriculture allied sectors have led the growth in credit. Total banking sector assets (including public and private sector banks) have increased at a CAGR of 6% to US$ 2.2 trillion during FY13–18. FY13-18 saw growth in assets of banks across sectors.

Banking was one of the most preferred lines of business in the princely states of Travancore and Cochin, and the Malabar Province of British India — the area that later became the state of Kerala — during the twentieth century. A list of some of the banks that operated in the region during the twentieth century are given below. Due to various reasons, most of them were either closed or amalgamated with other banks, leaving only a handful now. Kerala is rich in its Banking tradition. This is one of the smallest state in India which holds 6th position in the number of Banks as per the latest Reserve Bank of India records. There are 52 banks with about 6500 branches in Kerala which are NEFT enabled. Apart from the Kerala banks listed and published by RBI, there are numerous rural based co-operative banks and other financial institutions which is also having a good customer base.

Banks based in Kerala Listed below are the Banks based in Kerala. These are having their head office and operational base in Kerala. Out of these Federal Bank, South Indian Bank, Catholic Syrian Bank and Dhana Lakshmi Bank are Private sector banks State Bank of Travancore SBT (838 branches in Kerala) Federal Bank (629 branches in Kerala) Kerala Gramin Bank (581 branches in Kerala) The South Indian Bank (472 branches in Kerala) Catholic Syrian Bank (288 branches in Kerala) Dhana Lakshmi Bank (162 branches in Kerala) As per the State Level Bankers Committee (SLBC) data, the total number of bank branches as on March 2018 is 7,332 including public sector commercial banks, private sector commercial banks, RRB, small finance banks and co-operative banks. Of the total number of bank branches, only 7 per cent are in rural areas. 62 per cent of the total bank branches are in semi-urban areas and the balance 31 per cent are in urban areas. The spread of banks, category-wise in Kerala is shown in Table 1.8. As per the SLBC report, Kerala has 6,256 scheduled commercial bank branches (which include only public sector commercial banks, regional rural banks and private sector commercial banks) as on March 2018 against 6,332 bank branches as on March 2017, showing a decline of 1 per cent. Kerala Gramin Bank increased its number of branches in the semi urban area from 525 in March 2017 to 540 at the end of March 2018, a 2.9 per cent increase. As per the RBI Quarterly statistics, March 2018, there are 1,40,133 bank branches in India. Kerala has the largest number of bank branches (4,499) among the semi-urban areas in the country.

INTRODUCTION ABOUT CSBL: Cochin Stock Brokers Limited (CSBL) is the only one subsidiary of the Cochin Stock Exchange Ltd, a successful broking firm in Kerala since 2000. We are a SEBI ed intermediary and a corporate Trading cum Clearing member of the Capital Market segment of the National Stock Exchange (NSE) & The Bombay Stock Exchange (BSE). Being the subsidiary of a Regional Stock Exchange, we only trade for the clients of our sub brokers, as per SEBI mandate. If you are looking to trade through us, all you need to do is to as a client with one of our sub brokers, who are also of Cochin Stock Exchange Ltd. Over 138 sub brokers are presently d to us, having their offices all over Kerala and their details are available in our site under Our Branch Net Work Our trading and settlement functions are completely automated with state-of-art technology, in addition to our well-experienced staff catering to client needs. We bank with Axis Bank, The South Indian Bank, HDFC Bank , The Federal Bank and The State Bank of India to ensure a smooth funds transfer arrangement for trading operations and more importantly to reassure ourselves that client pay outs are prompt. About the parent company: COCHIN STOCK EXCHANGE LTD. is one of the premier Stock Exchanges in India, established in the year 1978. The exchange had a humble beginning with just 5 companies listed in 1978 -79, and had only 14 . Today the Exchange has more than 508 and 240 listed companies. In 1980 the Exchange computerized its offices. In order to keep pace with the changing scenario in the capital market, CSE took various steps including trading in dematerialized shares. CSE introduced the facility for computerized trading - "Cochin Online Trading (COLT)" on March 17, 1997. CSE was one of the promoters of the "Interconnected Stock Exchange of India (ISE)". The objective was to consolidate the small, fragmented and less liquid markets into a national level integrated liquid market. With the enforcement of efficient margin system and surveillance, CSE has successfully prevented defaults. Introduction of fast track system made CSE the stock exchange with the shortest settlement cycle in the country at that time. By the dawn of the new century, the regional exchanges faced a serious challenge from the NSE & BSE. To face this challenge CSE promoted a 100% subsidiary called the "Cochin Stock Brokers Ltd. (CSBL)" and started trading in the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). CSBL is the first subsidiary of a stock exchange to get hip in both NSE & BSE. CSBL also became a depository participant in the Central Depository Services Ltd.. The CSE has been playing a vital role in the economic development of the country in general, and Kerala in particular and striving hard to achieve the following goals: Providing investors with high level of liquidity whereby the cost and time involved in the entry into and exit from the market are minimized. Bringing in high tech solutions and make all operations absolutely transparent. Building infrastructure for capital market by turning CSE into a financial super market. Serve the investors of the region. Professional stock broking and investment management. Imparting Capital Market knowledge to all intermediaries on a continuous basis.

The Cochin Stock Exchange is directly under the control and supervision of Securities & Exchange Board of India (the SEBI), and is today a demutualized entity in accordance with the Cochin Stock Exchange (Demutualization) Scheme, 2005 approved and notified by SEBI on 29th of August 2005. Demutualization essentially means de-linking and separation of ownership and trading rights and restructuring the Board in accordance with the provisions of the scheme. The Exchange has been Demutualised and the notification thereof published in the Gazette. MANAGEMENT OF CBSL. The policy decisions of the CSE are taken by the Board Of Directors. The Board is constituted with 12 of whom less than one-fourth are elected from amongst the trading member of CSE, another one fourth are Public Interest Directors selected by SEBI from the submitted by the Exchange and the remaining are Shareholder Directors. The Board appoints the Executive Director who functions as an ex-officio member of the Board and takes charge of the istration of the Exchange. PRODUCT LINE OF CSBL: NSE Cash • BSE Cash • NSE F&O • BSE F&O • Currency Derivative • Mutual Fund • IPO • Internet Trading • Mobile Trading • PAN Services At the Primary market scenario, our investor services consists of collecting and ing bids from investors, while the issue remains open.

Company’s objective We strive to make investing easy for the common man by providing easy accessibility and transparency. Depository: The Depositories Act defines a depository as “A company formed and ed under the Companies Act, 1956 and which has been granted a certificate of ed under subsection(1A) of section 12 of Securities and Exchange Board of India Act 1992.” The main function of a depository is to facilitate dematerialisation and transfer of securities in electronic(Book-entry) form.

Benefits of Depository System to Investors(Primary Market): 1. 2. 3. 4. 5.

Reduction in paper work has resulted in the allotment process being faster. No certificated are required to be printed. No loss in transit as allotment is in electronic form. No fake Certificates. The securities credited in the Demat are available for use(Transfer) immediately.

Benefits of Depository System to Investors(Secondary Market): 1. A safe, convenient way to hold securities as compared to holding securities in paper form. 2. No stamp duty on transfer of securities. 3. Enhanced liquidity by instantaneous transfers/ Pledging. 4. Investors holding securities in demat form can buy or sell one share. 5. In case of fresh securities issued by companies in the form of bonus or rights issues are credited directly to the demat . 6. Reduction in paper work.

Services Offered by Depository: 1. 2. 3. 4. 5. 6. 7.

Opening Dematerialisation Rematerialisation Pledge/Unpledged/Confiscation Freeze/Unfreeze Settlement of Off Market/On Market trades Inter Depository transfers

Clearing & Settlement System We follow the T+2 settlement cycle. Our trading activities are carried out through 4 Banks. Pay-in of funds is by way of direct debits to the settlement s maintained by our clients having bank s at these banks or with other banks. Further, investors maintaining s with our clearing banks can avail the 'anywhere banking' facility offered, enables payments from anywhere in India on a real time basis. Whereas the securities pay-in/pay-out is via the demat mode through the Central Depository Services (India) Ltd, with whom we are a depository participant. Margins debits are affected on T+1 basis by electronically debiting the s of clients. Pay out of funds is delivered directly to the client . In all cases, payments are inevitably allowed only through payee cheques.

BALANCE SHEET OF THE COMPANY :

RATIOS BASES ON THE CSBL: DEBT TO EQUITY RATIO: =DEBT/EQUITY = 3.09918 PROPRIETORY RATIO: =SHARE HOLDERS FUND/TOTAL TANGIBLE ASSETS =0.282 EPS(EARNINGS PER SHARE): =SHARE CAPITAL/TOTAL NO OF SHARES =0.31 GROSS PROFIT RATIO: =GROSS PROFIT /NET SALES =2.761 NET PROFIT RATIO : =NET PROFIT/ NET SALES =2.740

RATIOS BASES ON THE CSBL: DEBT TO EQUITY RATIO: =DEBT/EQUITY 2.727 PROPRIETORY RATIO: =SHARE HOLDERS FUND/TOTAL TANGIBLE ASSETS 0.366 EPS(EARNINGS PER SHARE): =SHARE CAPITAL/TOTAL NO OF SHARES 1.49 GROSS PROFIT RATIO: =GROSS PROFIT /NET SALES 13.268 NET PROFIT RATIO : =NET PROFIT/ NET SALES 13.53

RATIOS BASES ON THE CSBL: DEBT TO EQUITY RATIO: =DEBT/EQUITY 3.977 PROPRIETORY RATIO: =SHARE HOLDERS FUND/TOTAL TANGIBLE ASSETS 0.251 EPS(EARNINGS PER SHARE): =SHARE CAPITAL/TOTAL NO OF SHARES 1.57 GROSS PROFIT RATIO: =GROSS PROFIT /NET SALES 8.999 NET PROFIT RATIO : =NET PROFIT/ NET SALES 4.534

RATIOS BASES ON THE CSBL: DEBT TO EQUITY RATIO: =DEBT/EQUITY 3.1038 PROPRIETORY RATIO: =SHARE HOLDERS FUND/TOTAL TANGIBLE ASSETS 0.322 EPS(EARNINGS PER SHARE): =SHARE CAPITAL/TOTAL NO OF SHARES 0.96 GROSS PROFIT RATIO: =GROSS PROFIT /NET SALES 5.975 NET PROFIT RATIO : =NET PROFIT/ NET SALES 4.71

FUNDEMENTAL ANALYSIS

State Bank of India (SBI) is the country's largest bank. A public sector undertaking (PSU), SBI is headquartered in Mumbai. With a revenue of Rs 1,75,518.24 crore and Rs 10,484.10 in net profit in FY17, SBI is also the largest bank in the country in of deposits, advances, branches and employees. As of September 2017, Government of India held a 57.96 per cent stake in SBI while the remaining 42.04 per cent was with the public. SBI has more than 59,263 ATMs across the country. History: State Bank of India was founded in 1806 as Bank of Calcutta. It is known as the first bank established in India. During the year 2010-11, the Bank introduced 2 new products, namely 'Pushpa Ullas' and 'Arthias Plus' on pilot basis. They made substantial progress in establishing itself as a leading PE fund player of the country. Also, they signed a t Venture agreement with State General Reserve Fund (SGRF) of Sultanate of Oman, a sovereign entity, to set up a general purpose private equity fund with an initial corpus of USD 100 million, expandable further to USD 1.5 billion.During the year, the Bank opened 576 new branches besides merger of 470 branches of erstwhile State Bank of Indore. Also, they opened 14 foreign offices during the year, taking the total to 156. In July 1, 2010, the Bank launched their 'Green Channel Counter' at select branches across the country. The Executive Committee of the Central Board (ECCB) of State Bank of India at its meeting held on 9 December 2016 approved divestment of 3.9 crore equity shares constituting 3.9% stake in SBI Life Insurance Company Ltd. at a price of Rs 460 per share, subject to all regulatory approvals.On 17 January 2017, SBI announced that it has concluded the issue of USD 500 million Fixed Rate Senior Unsecured Notes having a maturity of 5 years at a coupon of 3.25 percent payable semi-annually under Regulation-S. The bonds will be issued through the bank's London Branch and listed on Singapore Stock Exchange.The Committee of Directors for Capital Raising of State Bank of India considered and approved on 20 January 2017 by circulation the allotment of 21.07 crore equity shares at an issue price of Rs 269.59 per share on preferential basis to Government of India aggregating Rs 5680.99 crore.The Executive Committee of the Central Board of State Bank of India at its meeting held on 15 March 2017 accorded approval for infusing additional capital of up to Rs 1160.04 crore in credit card t venture companies viz. SBI Cards & Payment Services Ltd. and GE Capital Business Process Management Services Ltd. through purchase of equity shares from GE Capital so as to increase the bank's stake in both the companies to 74%. SBI merged five of its associate banks viz. State Bank of Bikaner & Jaipur, State Bank of Mysore, State Bank of Travancore, State Bank of Patiala and State Bank of Hyderabad and Bhartiya Mahila Bank with itself with effect from 1 April 2017. In February 2017, the Union Cabinet approved the acquisition by

State Bank of India of its subsidiary banks namely State Bank of Bikaner and Jaipur, State Bank of Mysore, State Bank of Travancore, State Bank of Patiala and State Bank of Hyderabad.On 8 June 2017, State Bank of India (SBI) announced closure of qualified institutional placement of equity shares. The bank successfully raised about Rs 15000 crore from issue of 52.21 crore equity shares at a price of Rs 287.25 per share to qualified institutional buyers. The Central Board of State Bank of India at its meeting held on 27 December 2017 accorded approval to raise Additional Tier 1 capital by way of issuance of Basel III compliant debt instrument in USD and/or INR to the tune of Rs 8000 crore from domestic/international market including rupee denominated Masala Bonds till 31 March 2018. The Executive Committee of the Central Board of State Bank of India at its meeting held on 8 January 2018 approved long term fund raising in single or multiple tranches up to USD 2 billion under Reg-S/144A, through a public offer and/or private placement of senior unsecured notes in US Dollar or any other convertible currency during FY 2018 and FY 2019.The Executive Committee of Central Board of State Bank of India at its meeting held on 17 January 2018 approval the proposal for issuance of long term bonds of Rs 20000 crore for financing of infrastructure and affordable housing in domestic and overseas market in FY 2018 and FY 2019.The Committee of Directors for Capital Raising of State Bank of India at its meeting held on 16 February 2018 accorded its approval for preferential allotment of 29.25 crore equity shares at Rs 300.82 per share (including a of Rs 299.82 per share) to Government of India (GoI) aggregating Rs 8800 crore. Background: In April 2017, SBI merged its operations with five of its associate banks - State Bank of Bikaner & Jaipur (SBBJ), State Bank of Mysore (SBM), State Bank of Travancore (SBT), State Bank of Patiala (SBP), State Bank of Hyderabad (SBH) - besides Bharatiya Mahila Bank. With the merger, SBI marked its position among the league of top 50 banks globally in of assets. The merger of associate banks as well as Bharatiya Mahila Bank with SBI also resulted in the first ever large-scale consolidation within the country's banking industry.

SBI RATIO: Ratios on the Banks: Debt Equity Ratio: 2015-0.07 2016-0.19 2017-0.06 2018-0.06 2019-0.06 Proprietary Ratio: 2015-8.09 2016-8.25 2017-7.70 2018-7.89 2019-8.02 EPS: 2015- 17.55 2016-12.82 2017-13.15 2018- (7.34) 2019-0.97 Dividend Pay-out Ratio : 2015-3.50 2016-2.60 2017-2.60 2018-2019 -0.00 Price Earnings Ratio: 2015-15.21 2016-15.16 2017-22.25 2018-0.00

2019-332.06 Operating Profit Ratio: 2015-(10.12) 2016-(19.16) 2017-(6.21) 2018-(63.13) 2019-5.56 Current Ratio: 2015-0.31 2016-0.33 2017-0.37 2018-0.39 2019-0.33 Interest Spread Ratio: 2015-6.26 2016-6.00 2017-6.36 2018-6.65 2019-6.45 Performance Ratio(ROA%): 2015-0.68 2016-0.45 2017-0.41 2018-(0.21) 2019-0.02

Kotak Mahindra Bank Ltd is one of the fastest growing banks and among the most ired financial institutions in India. The Bank offers transaction banking, operates lending verticals, manages IPOs and provides working capital loans. They have one of the largest and most respected Wealth Management teams in India, providing the widest range of solutions to high net worth individuals, entrepreneurs, business families and employed professionals. As on 31 December 2017, Kotak Mahindra Bank had 1,375 branches spread across 700 locations and 2,171 ATMs. The Depository services offered by the Bank allows the customers to hold equity shares, government securities, bonds and other securities in electronic or Demat forms. Their Salary 2 Wealth offering provides comprehensive istrative solutions for Corporates with features such as easy and automated web based salary process thereby eliminating the paper work involved in the process, a dedicated relationship manager to service the corporate , customized promotions and tie - ups and many such unique features. History: Kotak Mahindra Bank Ltd was incorporated in the year 1985 with the name Kotak Capital Management Finance Ltd. On April 8, 1986, the company's name was changed Kotak Mahindra Finance Ltd. They started bill discounting activity. In the year 1987, they entered into lease and hire purchase market. In the year 1990, they started car finance division and during next year, they started investment banking division. Also they took over FICOM, one of India's largest financial retail marketing networks. In the year 1994, the company formed Kotak Mahindra International in Mauritius and opened an office in Dubai. They formed Kotak Mahindra (UK) with office in London. In the year 1996, the car finance business was hived off into a separate company, namely Kotak Mahindra Primus Ltd and Ford Credit took a 40% stake in Kotak Mahindra Primus. In the year1998, they formed Kotak Mahindra Inc with office in New York. In the year 2001, Kotak Securities Ltd became a subsidiary company. In February 2003, the company was given the license to carry on banking business by the Reserve Bank of India (RBI). This approval created banking history since Kotak Mahindra Finance Ltd is the first non-banking finance company in India to convert themselves into a bank as Kotak Mahindra Bank Ltd. In March 2003, they commenced banking operations. The Bank started their operations in New Delhi by inaugurating a branch. They entered into ATM sharing agreement with UTI Bank (now known as Axis Bank), in which the Bank customer's were free to access around 800 ATM's. They unveiled several home finance products options that include Home Loan, Home Equity

Loan, Home Loan Transfer and Home Improvement Loans. Also, they launched online remittance services called FUNDS to HOME for Non-resident Indians. In January 2005, the Bank opened 29th retail-banking branch at Mehsana in Gujarat. In February 2005, they launched Rajajinagar extension counter in Bangalore and launched free Mobile Banking facility. Also, they launched their branch at Chennai, Tamilnadu. In February 23, 2005, they opened their retail-banking branch in the business capital of Madhya Pradesh. In March 2005, they opened their eighth retail-banking branch at Napean Sea Road in Mumbai. In May 2005, the Bank opened new retail-banking branch at Parry's Corner in Chennai. In June 2005, they opened two retail-banking branches in Delhi at Safdarjung Enclave and Punjabi Bagh. In October 4, 2005, the Bank acquired 40% stake in Kotak Mahindra Primus Ltd (KMP) held by Ford Credit International (FCI) thereby giving the Bank and their subsidiary, complete ownership of KMP. Simultaneously, they also sold their stake in Ford Credit Kotak Mahindra Ltd (FCKM) to FCI. The Board of Directors of Kotak Mahindra Bank at its meeting held on 18 May 2017 approved increase in ceiling limit on the total shareholding of Foreign Institutional Investors (FIIs)/Foreign Portfolio Investors (FPIs) in the bank to 43% from 42%.

On 3 August 2017, Kotak Mahindra Bank announced that it has kept interest rates on savings s unchanged for most of the slabs except on savings s balance above Rs 1 crore and up to Rs 5 crore. The interest rate on saving s balance above Rs 1 crore and up to Rs 5 crore was cut by 50 basis points to 5.5% from 6% with effect from 4 August 2017.

Kotak Mahindra Bank DEBT EQUITY RATIO: 2015-0.05 2016-0.05 2017-0.05 2018-0.05 2019-0.05 PROPRIETERY RATIO: 2015-8.54 2016-7.16 2017-9.16 2018-6.42 2019-6.94 EPS: 2015-24.16 2016-11.39 2017-18.53 2018-21.43 2019-25.49 DIVIDENT PAY-OUT RATIO: 2015-0.90 2016-0.50 2017-0.60 2018-0.70 2019-0.80 PRICE EARNING RATIO: 2015-27.18 2016-59.78 2017-47.06 2018-48.06 2019-52.40

OPERATING PROFIT RATIO: 2015-4.02 2016-(134.82) 2017-30.43 2018-9.63 2019-(32.51) CURRENT RATIO: 2015-0.38 2016-0.37 2017-0.29 2018-0.34 2019-0.32 INTREST SPREAD RATIO: 2015-8.37 2016-7.87 2017-7.64 2018-6.95 2019-6.73 PERFORMANCE RATIO(ROA%): 2015-1.93 2016-1.40 2017-1.68 2018-1.70 2019-1.73

IDBI Bank Ltd is one of India's largest commercial Banks. The Bank is a Universal Bank with their operations driven by a cutting edge core Banking IT platform. They offer personalized banking and financial solutions to their clients in the retail and corporate banking arena through their large network of Branches and ATMs, spread across length and breadth of India. IDBI Bank had a network of 1,916 branches and 3,276 ATMs as on 31 March 2018. The bank also set up an overseas branch at Dubai. The Bank operates in four segments, namely Wholesale Banking, Retail Banking, Treasury Services and Other Banking Operations. They have six wholly-owned subsidiaries, namely IDBI Home finance Ltd, IDBI Gilts Ltd, IDBI Intech Ltd, IDBI Capital Market Services Ltd, IDBI Asset Management Ltd and IDBI MF Trustee Company Ltd. History: IDBI Bank Ltd was incorporated in the year 1964 as a wholly owned subsidiary of Reserve Bank of India with the name Industrial Development Bank of India. The company was regarded as a Public Financial Institution and continued to serve as a DFI for 40 years. In February 16, 1976, the ownership of the company was transferred to the Government of India by RBI and the company was made the principal financial institution for coordinating the activities of institutions engaged in financing, promoting and developing industry in the country. In the year 1982, the company transferred their International Finance Division to ExportImport Bank of India. In the year 1993, they formed one wholly owned subsidiary company, namely IDBI Capital Market Services Ltd for providing broad range of financial products and services. In June 7, 1995, the company made their Initial Public Offer (IPO), which brought down GOI holding to below 100%. On 30 August 2016, IDBI Bank announced that it has raised Rs 1500 crore from its second tranche of Basel III compliant Additional Tier 1 (AT1) bonds. The issue opened and closed on 30 August 2016. The issue was competitively priced at a coupon of 11.09% p.a. payable annually. During the quarter ended 30 June 2017, Life Insurance Corporation of India (LIC) infused Rs 394 crore in IDBI Bank by way of preferential allotment of equity shares. On 9 August 2017, IDBI Bank received further capital infusion of Rs 1861 crore from Government of India.

On 26 September 2017, IDBI Bank announced the launch of Project Nishchay' in partnership with The Boston Consulting Group (BCG) to accelerate its turnaround programme and improve financial performance. The project will be led by senior management at IDBI Bank along with BCG. Coordinating across multitude of initiatives, the bank will focus on four key areas - revenue enhancement, cost control & reduction, asset productivity and overall program management in consultation with BCG. On 29 March 2018, IDBI Bank clarified that all the Pisciculture loans identified as fraudulent have been fully provided for and there will be no further impact on the profitability/balance sheet of the bank. The bank continues to pursue all legal actions to recover dues from the borrowers and has taken action against the erring officers. The Board of Directors of IDBI Bank at its meeting held on 25 May 2018 approved inprinciple, the proposal to initiate divestment of partial stake in IDBI Asset Management Limited to a strategic investor, subject to compliance with all applicable laws and regulations and subject to final approval to be obtained for each transaction by Delegated Authority.

On 8 August 2018, IDBI Bank informed the stock exchanges that Government of India (GoI) has conveyed no objection to reduction in GoI's shareholding in IDBI Bank below 50%, relinquishment of management control by GoI in IDBI Bank and acquisition of controlling stake in IDBI Bank by Life Insurance Corporation of India (LIC) as Promoter through Preferential Issue/open offer of equity, subject to requisite Regulatory approval and compliance with Laws. Earlier, on 16 July 2018, IDBI Bank received a letter from Life Insurance Corporation of India (LIC) expressing its interest in acquiring 51% controlling stake in IDBI Bank, as a promoter through preferential allotment of shares/open offer. IDBI Bank's Board of Directors at its meeting held on 17 July 2018 considered LIC's proposal and decided to seek Government of India's decision in this regard.

IDBI BANK DEBT EQUITY RATIO: 2015-0.05 2016-0.05 2017-0.05 2018-0.05 2019-0.05 PROPRIETERY RATIO: 2015-6.36 2016-8.09 2017-7.28 2018-8.42 2019-10.73 EPS: 2015-6.99 2016-5.45 2017-(17.80) 2018-(25.05) 2019-(26.71) DIVIDENT PAY-OUT RATIO: 2015-1.00 2016-0.75 2017-0.00 2018-0.00 2019-0.00 PRICE EARNING RATIO: 2015-9.36 2016-13.05 2017-0.00 2018-0.00 2019-0.00

OPERATING PROFIT RATIO: 2015-(10.34) 2016-(12.13) 2017-(27.49) 2018-(13.87) 2019-2.21 CURRENT RATIO: 2015-0.44 2016-0.38 2017-0.35 2018-0.35 2019-0.37 INTREST SPREAD RATIO: 2015-6.50 2016-6.55 2017-6.45 2018-7.78 2019-7.82 PERFORMANCE RATIO(ROA%): 2015-0.34 2016-0.25 2017-(1.00) 2018-(1.40) 2019-(2.31)

HDFC Bank Ltd is one of India's premier banks. Headquartered in Mumbai, HDFC Bank is a new generation private sector bank providing a wide range of banking services covering commercial and investment banking on the wholesale side and transactional/branch banking on the retail side. As of 30 September 2017, the bank's distribution network was at 4,729 branches and 12,259 ATMs across 2,669 cities and towns. HDFC Bank also has one overseas wholesale banking branch in Bahrain, a branch in Hong Kong and two representative offices in UAE and Kenya. The Bank has two subsidiary companies, namely HDFC Securities Ltd and HDB Financial Services Ltd. The Bank has three primary business segments, namely banking, wholesale banking and treasury. The retail banking segment serves retail customers through a branch network and other delivery channels. This segment raises deposits from customers and makes loans and provides other services with the help of specialist product groups to such customers. The wholesale banking segment provides loans, non-fund facilities and transaction services to corporate, public sector units, government bodies, financial institutions and medium-scale enterprises. The treasury segment includes net interest earnings on investments portfolio of the Bank. The Bank's ATM network can be accessed by all domestic and international Visa/MasterCard, Visa Electron/Maestro, Plus/Cirrus and American Express Credit/Charge cardholders. The Bank's shares are listed on the Bombay Stock Exchange Limited and The National Stock Exchange of India Ltd. The Bank's American Depository Shares (ADS) are listed on the New York Stock Exchange (NYSE) and the Bank's Global Depository Receipts (GDRs) are listed on Luxembourg Stock Exchange. History: HDFC Bank Ltd Was incorporated on August 30, 1994 by Housing Development Finance Corporation Ltd. In the year 1994, Housing Development Finance Corporation Ltd was amongst the first to receive an 'in principle' approval from the Reserve Bank of India to set up a bank in the private sector, as part of the RBI's liberalization of the Indian Banking Industry. HDFC Bank commenced operations as a Scheduled Commercial Bank in January 1995. Ramon House, Churchgate branch was inaugurated on 16 January 1995 as the first branch of the bank. In March 1995, HDFC Bank launched Rs 50-crore initial public offer (IPO) (5 crore equity shares at Rs 10 each at par) eliciting a record 55 times oversubscription. HDFC

Bank was listed on the Bombay Stock Exchange on 19 May 1995. The bank was listed on the National Stock Exchange on 8 November 1995. In the year 1996, the Bank was appointed as the clearing bank by the NSCCL. In the year 1997, the launched retail investment advisory services. In the year 1998, they launched their first retail lending product, Loans against Shares. In the year 1999, the Bank launched online, real-time Net Banking. In October 2008, the bank opened their first overseas commercial branch in Bahrain. The branch offers the bank's suite of banking services including treasury and trade finance products for corporate clients and wealth management products for Nonresident Indians.

During the year 2009-10, the Bank expanded their distribution network from 1,412 branches in 528 cities to 1,725 branches in 779 cities. The Bank's ATMs increased from 3,295 Nos to 4,232 Nos during the year. During the year 2010-11, the Bank expanded their distribution network from 1,725 branches in 779 cities to 1,986 branches in 996 Indian cities. The Bank's ATMs increased from 4,232 to 5,471 Nos. In the year 2014, HDFC Bank lunched the missed call banking service, allowing customers to use banking services without having to visit the Bank or connect online. On 16 June, 2015, HDFC Bank launched the 10-second personal loan approval service thereby becoming the first in the retail lending space to fully automate the process of loan approval and disbursement. In 2016, HDFC Bank introduced loans at ATMs as the country's first innovation to turn ATMs into Loan Dispensing Machines (LDMs), further extending the functionality of the Bank's ATMs.

HDFC Bank DEBT EQUITY RATIO: 2015-0.06 2016-0.06 2017-0.06 2018-0.06 2019-0.05 PROPRIETERY RATIO: 2015-6.85 2016-7.59 2017-7.69 2018-7.14 2019-7.02 EPS: 2015-40.76 2016-48.64 2017-56.78 2018-67.38 2019-77.40 DIVIDENT PAY-OUT RATIO: 2015-8.00 2016-9.50 2017-11.00 2018-13.00 2019-15.00 PRICE EARNING RATIO: 2015-25.10 2016-22.02 2017-25.40 2018-28.07 2019-29.93

OPERATING PROFIT RATIO: 2015-(8.75) 2016-(30.22) 2017-(0.25) 2018-4.12 2019-(2.10) CURRENT RATIO: 2015-0.34 2016-0.36 2017-0.33 2018-0.31 2019-0.31 INTREST SPREAD RATIO: 2015-8.00 2016-7.79 2017-7.46 2018-7.79 2019-7.20 PERFORMANCE RATIO(ROA%): 2015-1.89 2016-1.85 2017-1.81 2018-1.81 2019-1.83

TECHNICAL ANALYSIS

(RSI) Relative Strength Index SBI Date Price Open High Low Vol. Jun-19 360.9 352 364.85 334 May-19 352.55 308 364 292.2 44.20M Apr-19 310.2 322 332.65 303.6 16.84M Mar-19 320.8 270 322.95 270 38.97M Feb-19 269.75 296.05 302.35 258.8 22.21M Jan-19 293.35 297 307.2 276.6 30.33M Dec-18 295.65 287.4 301.95 261.1 27.22M Nov-18 284.35 282.5 299.9 273.5 34.58M Oct-18 280.5 265.5 281.8 247.65 39.60M Sep-18 265 312 312.2 253.6 31.33M Aug-18 308.85 295 325.85 289 36.61M Jul-18 293.4 259.9 302.3 250.35 22.60M Jun-18 259.3 269.5 289.35 255.85 18.49M May-18 269.2 246.4 274 237.85 40.10M Apr-18 246.3 251 265.25 232 28.97M Mar-18 250.1 266.8 270 232.5 33.87M Feb-18 268.75 316.05 317.45 256.6 50.66M Jan-18 312.75 310 334.8 292.65 41.22M Dec-17 309.5 321.55 323.8 301 22.56M Nov-17 320.45 309.75 346.5 307 42.71M Oct-17 305.8 255.2 351.5 241.25 43.10M Sep-17 253.75 277.9 279.95 248.8 19.06M Aug-17 277.35 313.7 314.9 271.35 26.75M

Change % GAIN LOSS 2.37% 0.0237 0 13.65% 0.1365 0 -3.30% 0 0.033 18.92% 0.1892 0 -8.04% 0 0.0804 -0.78% 0 0.0078 3.97% 0.0397 0 1.37% 0.0137 0 5.85% 0.0585 0 -14.20% 0 0.142 5.27% 0.0527 0 13.15% 0.1315 0 -3.68% 0 0.0368 9.30% 0.093 0 -1.52% 0 0.0152 -6.94% 0 0.0694 -14.07% 0 0.1407 1.05% 0.0105 0 -3.42% 0 0.0342 4.79% 0.0479 0 20.51% 0.2051 0 -8.51% 0 0.0851 -11.26% 0 0.1126

AVG Gain 0.043565 0.044468 0.040086 0.04209 0.034347 0.036256 0.038388 0.038306 0.039947 0.038621 0.041592 0.040667 0.032409 0.03565 0.029278 0.032938 0.037643 0.043917 0.0506 0.06325 0.068367 0 0

AVG Loss Relative Strength RSI 0.032922 1.323296355 56.95771 0.034418 1.29199683 56.36992 0.036057 1.111727417 52.6454 0.03621 1.162386081 53.75479 0.038116 0.901132284 47.39977 0.035767 1.013668841 50.3394 0.037412 1.026100629 50.64411 0.03975 0.963679245 49.07519 0.0424 0.942138365 48.51036 0.045429 0.850157233 45.95054 0.038 1.094534413 52.25669 0.041167 0.987854251 49.6945 0.044909 0.721659919 41.91652 0.04572 0.779746282 43.81222 0.0508 0.576334208 36.56168 0.05525 0.596153846 37.3494 0.053229 0.7071927 41.4243 0.03865 1.136265632 53.18934 0.04638 1.090987495 52.17571 0.049425 1.279716743 56.1349 0.0659 1.03743045 50.91857 0.09885 0 0 0.1126 0 0

(RSI) Relative Strength Index KOTAK Date Price Open High Low Vol. Jun-19 1,475.75 1,520.00 1,539.50 1,451.30 May-19 1,519.70 1,394.00 1,555.45 1,370.00 3.16M Apr-19 1,387.05 1,349.90 1,396.95 1,318.65 4.19M Mar-19 1,335.75 1,224.70 1,365.35 1,217.55 2.52M Feb-19 1,212.45 1,258.25 1,314.00 1,209.50 6.90M Jan-19 1,253.25 1,251.15 1,307.30 1,198.65 9.03M Dec-18 1,254.75 1,248.00 1,345.35 1,172.35 6.18M Nov-18 1,232.35 1,121.15 1,240.00 1,101.00 3.18M Oct-18 1,118.00 1,095.00 1,218.95 1,002.30 6.09M Sep-18 1,143.50 1,294.90 1,294.90 1,121.35 2.17M Aug-18 1,285.35 1,312.00 1,326.00 1,238.15 2.26M Jul-18 1,309.35 1,358.70 1,424.00 1,285.30 1.73M Jun-18 1,341.80 1,320.00 1,359.50 1,293.20 2.38M May-18 1,337.00 1,228.75 1,395.95 1,214.95 3.21M Apr-18 1,210.35 1,045.00 1,218.30 1,045.00 1.48M Mar-18 1,048.60 1,088.05 1,117.00 1,028.65 4.31M Feb-18 1,088.75 1,107.00 1,132.50 1,019.35 2.97M Jan-18 1,109.75 1,003.00 1,128.70 992.5 2.50M Dec-17 1,009.10 1,005.00 1,049.00 992.5 11.52M Nov-17 1,000.20 1,032.05 1,049.90 983.35 5.66M Oct-17 1,024.55 1,001.90 1,114.35 986.5 1.60M Sep-17 1,001.90 977 1,045.00 968.25 1.63M Aug-17 975.95 1,023.85 1,024.00 962.3 4.79M

Change % GAIN LOSS AVG Gain AVG Loss Relative Strength RSI -2.89% 0 0.0289 0.033761 0.015674 2.153952843 68.29376 9.56% 0.0956 0 0.035295 0.015073 2.341676719 70.0749 3.84% 0.0384 0 0.032424 0.01579 2.053377563 67.24938 10.17% 0.1017 0 0.032125 0.01658 1.937575392 65.95832 -3.26% 0 0.0326 0.028463 0.017453 1.630880579 61.98991 -0.12% 0 0.0012 0.030044 0.016611 1.808695652 64.39628 1.82% 0.0182 0 0.031812 0.017518 1.815983882 64.48843 10.23% 0.1023 0 0.032663 0.018613 1.75486904 63.70063 -2.23% 0 0.0223 0.02802 0.019853 1.411349899 58.52945 -11.04% 0 0.1104 0.030021 0.019679 1.525589837 60.40529 -1.83% 0 0.0183 0.032331 0.0127 2.545729861 71.79706 -2.42% 0 0.0242 0.035025 0.012233 2.863079019 74.11391 0.36% 0.0036 0 0.038209 0.011145 3.42822186 77.41757 10.46% 0.1046 0 0.04167 0.01226 3.398858075 77.26683 15.43% 0.1543 0 0.034678 0.013622 2.545676998 71.79664 -3.69% 0 0.0369 0.019725 0.015325 1.287112561 56.27675 -1.89% 0 0.0189 0.022543 0.012243 1.841306884 64.80493 9.97% 0.0997 0 0.0263 0.011133 2.362275449 70.25824 0.89% 0.0089 0 0.01162 0.01336 0.869760479 46.51721 -2.38% 0 0.0238 0.0123 0.0167 0.736526946 42.41379 2.26% 0.0226 0 0.0164 0.014333 1.144186047 53.36226 2.66% 0.0266 0 0.0133 0.0215 0.618604651 38.21839 -4.30% 0 0.043 0 0.043 0 0

(RSI) Relative Strength Index IDBI Date Price Open High Low Vol. Change % GAIN LOSS Jun-19 35.5 37.7 40.55 33.55 -5.71% 0 0.0571 May-19 37.65 39.45 40.6 33.35 17.48M -4.44% 0 0.0444 Apr-19 39.4 47.1 47.4 39.1 20.56M -15.54% 0 0.1554 Mar-19 46.65 43.2 48.1 41.6 27.34M 8.74% 0.0874 0 Feb-19 42.9 55.8 55.95 41.5 21.96M -22.35% 0 0.2235 Jan-19 55.25 61.2 65.8 52.75 9.25M -9.87% 0 0.0987 Dec-18 61.3 59.65 62.4 59.1 5.70M 2.85% 0.0285 0 Nov-18 59.6 59.4 62 58.9 8.26M 0.51% 0.0051 0 Oct-18 59.3 50.7 60.8 48.55 25.59M 18.60% 0.186 0 Sep-18 50 63.4 63.5 47.55 25.13M -20.19% 0 0.2019 Aug-18 62.65 59.05 65 57.85 40.63M 6.46% 0.0646 0 Jul-18 58.85 58 61.2 47 80.92M 7.19% 0.0719 0 Jun-18 54.9 67 67 49.15 70.04M -16.06% 0 0.1606 May-18 65.4 66.15 69.5 59.7 56.27M -1.13% 0 0.0113 Apr-18 66.15 71.3 75.1 64.2 90.97M -8.44% 0 0.0844 Mar-18 72.25 74.5 89.8 61.65 145.90M -3.15% 0 0.0315 Feb-18 74.6 60.4 83.65 55.75 43.80M 23.61% 0.2361 0 Jan-18 60.35 63 70.8 58.45 16.88M 0.84% 0.0084 0 Dec-17 59.85 60.9 61.85 56.8 6.05M -1.24% 0 0.0124 Nov-17 60.6 62.5 67.95 57.5 9.56M -3.35% 0 0.0335 Oct-17 62.7 52.65 72.15 50.3 12.42M 19.66% 0.1966 0 Sep-17 52.4 55.1 57.95 52 5.73M -4.90% 0 0.049 Aug-17 55.1 59.5 60.75 50.25 8.94M -7.16% 0 0.0716

AVG Gain 0.038461 0.040209 0.042124 0.04423 0.041958 0.044289 0.046894 0.048044 0.050907 0.041257 0.044431 0.04275 0.0401 0.04411 0.049011 0.055138 0.063014 0.034167 0.03932 0.04915 0.065533 0 0

AVG Loss Relative Strength 0.053709 0.716101352 0.053555 0.750806315 0.05399 0.78020815 0.04892 0.904129191 0.051495 0.814799673 0.041939 1.056033912 0.0386 1.214873514 0.041013 1.171441634 0.043747 1.163669613 0.046871 0.880219445 0.034946 1.27140656 0.037858 1.129209773 0.0413 0.97094431 0.02937 1.501872659 0.031378 1.561968839 0.02475 2.227777778 0.023786 2.649249249 0.02775 1.231231231 0.0333 1.180780781 0.038525 1.275794938 0.0402 1.630182421 0.0603 0 0.0716 0

RSI 41.72838 42.88346 43.82679 47.48256 44.8975 51.36267 54.85069 53.94765 53.78222 46.81472 55.97442 53.03422 49.2629 60.02994 60.96752 69.01893 72.5971 55.1817 54.14486 56.05931 61.97982 0 0

(RSI) Relative Strength Index HDFC Date Price Open High Low Vol. Jun-19 2,446.40 2,432.50 2,494.00 2,403.40 May-19 2,424.90 2,321.00 2,463.95 2,271.40 2.74M Apr-19 2,315.50 2,325.00 2,332.35 2,237.00 5.24M Mar-19 2,316.50 2,084.00 2,327.00 2,070.25 3.14M Feb-19 2,082.15 2,082.00 2,154.35 2,076.05 1.87M Jan-19 2,081.15 2,123.00 2,173.00 2,023.00 5.58M Dec-18 2,122.45 2,122.25 2,158.15 2,032.15 2.13M Nov-18 2,117.15 1,925.00 2,137.50 1,896.80 4.97M Oct-18 1,911.85 2,015.00 2,052.00 1,884.40 6.22M Sep-18 2,005.65 2,067.00 2,080.00 1,913.80 2.15M Aug-18 2,062.25 2,179.00 2,179.00 2,055.00 1.75M Jul-18 2,181.05 2,086.25 2,219.05 2,065.00 1.51M Jun-18 2,108.05 2,124.00 2,170.05 2,009.75 2.49M May-18 2,136.15 1,948.35 2,150.00 1,947.30 2.37M Apr-18 1,944.60 1,892.00 1,984.00 1,880.25 1.46M Mar-18 1,891.45 1,875.00 1,910.30 1,830.00 2.03M Feb-18 1,883.80 2,007.00 2,014.00 1,837.00 1.40M Jan-18 2,006.35 1,873.00 2,011.90 1,832.95 2.94M Dec-17 1,873.55 1,855.00 1,905.00 1,797.45 5.69M Nov-17 1,852.05 1,810.00 1,875.00 1,791.30 3.20M Oct-17 1,808.80 1,806.00 1,876.95 1,685.00 1.91M Sep-17 1,803.05 1,761.00 1,868.00 1,740.00 1.57M Aug-17 1,775.00 1,784.00 1,810.00 1,732.80 1.11M

Change % GAIN LOSS AVG Gain AVG Loss Relative Strength RSI 0.89% 0.0089 0 0.024774 0.009896 2.503514938 71.45724 4.72% 0.0472 0 0.025495 0.010345 2.464411248 71.13507 -0.04% 0 0.0004 0.024462 0.010838 2.257029877 69.29718 11.26% 0.1126 0 0.025685 0.01136 2.261003521 69.33459 0.05% 0.0005 0 0.021111 0.011958 1.76540493 63.83893 -1.95% 0 0.0195 0.022256 0.012622 1.763204225 63.81013 0.25% 0.0025 0 0.023565 0.012218 1.92874338 65.85566 10.74% 0.1074 0 0.024881 0.012981 1.916706789 65.71476 -4.68% 0 0.0468 0.01938 0.013847 1.399614829 58.32665 -2.74% 0 0.0274 0.020764 0.011493 1.806712244 64.37112 -5.45% 0 0.0545 0.022362 0.010269 2.17752809 68.529 3.46% 0.0346 0 0.024225 0.006583 3.679746835 78.63132 -1.32% 0 0.0132 0.023282 0.007182 3.241772152 76.42495 9.85% 0.0985 0 0.02561 0.00658 3.892097264 79.55887 2.81% 0.0281 0 0.017511 0.007311 2.395136778 70.54611 0.41% 0.0041 0 0.016188 0.008225 1.968085106 66.30824 -6.11% 0 0.0611 0.017914 0.0094 1.905775076 65.58577 7.09% 0.0709 0 0.0209 0.000783 26.68085106 96.38739 1.16% 0.0116 0 0.0109 0.00094 11.59574468 92.06081 2.39% 0.0239 0 0.010725 0.001175 9.127659574 90.12605 0.32% 0.0032 0 0.006333 0.001567 4.042553191 80.16878 1.58% 0.0158 0 0.0079 0.00235 3.361702128 77.07317 -0.47% 0 0.0047 0 0.0047 0 0

MACD(Moving Average Coverage and Divergence) SBI ema

15 25

1.133333 0.076923

Price Open High Low Vol. 360.9 352 364.85 334 352.55 308 364 292.2 44.20M 310.2 322 332.65 303.6 16.84M 320.8 270 322.95 270 38.97M 269.75 296.05 302.35 258.8 22.21M 293.35 297 307.2 276.6 30.33M 295.65 287.4 301.95 261.1 27.22M 284.35 282.5 299.9 273.5 34.58M 280.5 265.5 281.8 247.65 39.60M 265 312 312.2 253.6 31.33M 308.85 295 325.85 289 36.61M 293.4 259.9 302.3 250.35 22.60M 259.3 269.5 289.35 255.85 18.49M 269.2 246.4 274 237.85 40.10M 246.3 251 265.25 232 28.97M 250.1 266.8 270 232.5 33.87M 268.75 316.05 317.45 256.6 50.66M 312.75 310 334.8 292.65 41.22M 309.5 321.55 323.8 301 22.56M 320.45 309.75 346.5 307 42.71M 305.8 255.2 351.5 241.25 43.10M 253.75 277.9 279.95 248.8 19.06M 277.35 313.7 314.9 271.35 26.75M

Change % 2.37% 13.65% -3.30% 18.92% -8.04% -0.78% 3.97% 1.37% 5.85% -14.20% 5.27% 13.15% -3.68% 9.30% -1.52% -6.94% -14.07% 1.05% -3.42% 4.79% 20.51% -8.51% -11.26%

10 ema 291.6761 360.6665 303.4711 323.1105 262.6353 297.4453 295.4106 282.8752 280.1833 262.9756 314.9666 290.5245 255.1367 271.0751 242.9967 251.0471 271.1104 318.3019 308.3264 322.0665 303.6311 247.0992 281.3834

20 ema 291.6761 296.3587 297.4234 299.2216 296.9546 296.6773 296.5983 295.6561 294.4902 292.2218 293.5009 293.4931 290.8629 289.1965 285.8968 283.1432 282.036 284.3986 286.3295 288.9541 290.25 287.4423 286.666

macd 0 64.30783 6.047719 23.88891 -34.3193 0.768009 -1.18764 -12.7808 -14.3069 -29.2462 21.46574 -2.96864 -35.7261 -18.1214 -42.9001 -32.096 -10.9256 33.90334 21.99692 33.11234 13.38116 -40.3431 -5.28251

MACD(Moving Average Coverage and Divergence) KOTAK ema

Date Jun-19 May-19 Apr-19 Mar-19 Feb-19 Jan-19 Dec-18 Nov-18 Oct-18 Sep-18 Aug-18 Jul-18 Jun-18 May-18 Apr-18 Mar-18 Feb-18 Jan-18 Dec-17 Nov-17 Oct-17 Sep-17 Aug-17

15 25 Price 1,475.75 1,519.70 1,387.05 1,335.75 1,212.45 1,253.25 1,254.75 1,232.35 1,118.00 1,143.50 1,285.35 1,309.35 1,341.80 1,337.00 1,210.35 1,048.60 1,088.75 1,109.75 1,009.10 1,000.20 1,024.55 1,001.90 975.95

Open 1,520.00 1,394.00 1,349.90 1,224.70 1,258.25 1,251.15 1,248.00 1,121.15 1,095.00 1,294.90 1,312.00 1,358.70 1,320.00 1,228.75 1,045.00 1,088.05 1,107.00 1,003.00 1,005.00 1,032.05 1,001.90 977 1,023.85

1.133333 0.076923 High 1,539.50 1,555.45 1,396.95 1,365.35 1,314.00 1,307.30 1,345.35 1,240.00 1,218.95 1,294.90 1,326.00 1,424.00 1,359.50 1,395.95 1,218.30 1,117.00 1,132.50 1,128.70 1,049.00 1,049.90 1,114.35 1,045.00 1,024.00

Low 1,451.30 1,370.00 1,318.65 1,217.55 1,209.50 1,198.65 1,172.35 1,101.00 1,002.30 1,121.35 1,238.15 1,285.30 1,293.20 1,214.95 1,045.00 1,028.65 1,019.35 992.5 992.5 983.35 986.5 968.25 962.3

Vol. 3.16M 4.19M 2.52M 6.90M 9.03M 6.18M 3.18M 6.09M 2.17M 2.26M 1.73M 2.38M 3.21M 1.48M 4.31M 2.97M 2.50M 11.52M 5.66M 1.60M 1.63M 4.79M

Change % -2.89% 9.56% 3.84% 10.17% -3.26% -0.12% 1.82% 10.23% -2.23% -11.04% -1.83% -2.42% 0.36% 10.46% 15.43% -3.69% -1.89% 9.97% 0.89% -2.38% 2.26% 2.66% -4.30%

10 ema 1,475.75 1,525.56 1,368.58 1,331.37 1,196.59 1,260.80 1,253.94 1,229.47 1,103.14 1,148.88 1,303.55 1,310.12 1,346.02 1,335.80 1,193.62 1,029.26 1,096.68 1,111.49 995.45 1,000.83 1,027.71 998.46 972.95

20 ema macd 1,475.75 0.00 1,479.13 46.43 1,472.05 -103.47 1,461.56 -130.19 1,442.40 -245.81 1,427.85 -167.05 1,414.54 -160.59 1,400.52 -171.05 1,378.79 -275.65 1,360.69 -211.81 1,354.89 -51.35 1,351.39 -41.27 1,350.65 -4.63 1,349.60 -13.81 1,338.89 -145.27 1,316.56 -287.30 1,299.04 -202.36 1,284.48 -172.98 1,263.29 -267.85 1,243.06 -242.22 1,226.25 -198.54 1,208.99 -210.53 1,191.06 -218.11

MACD(Moving Average Coverage and Divergence) IDBI ema

15 25

1.133333 0.076923

Date Price Open High Low Vol. Change % Jun-19 35.5 37.7 40.55 33.55 -5.71% May-19 37.65 39.45 40.6 33.35 17.48M -4.44% Apr-19 39.4 47.1 47.4 39.1 20.56M -15.54% Mar-19 46.65 43.2 48.1 41.6 27.34M 8.74% Feb-19 42.9 55.8 55.95 41.5 21.96M -22.35% Jan-19 55.25 61.2 65.8 52.75 9.25M -9.87% Dec-18 61.3 59.65 62.4 59.1 5.70M 2.85% Nov-18 59.6 59.4 62 58.9 8.26M 0.51% Oct-18 59.3 50.7 60.8 48.55 25.59M 18.60% Sep-18 50 63.4 63.5 47.55 25.13M -20.19% Aug-18 62.65 59.05 65 57.85 40.63M 6.46% Jul-18 58.85 58 61.2 47 80.92M 7.19% Jun-18 54.9 67 67 49.15 70.04M -16.06% May-18 65.4 66.15 69.5 59.7 56.27M -1.13% Apr-18 66.15 71.3 75.1 64.2 90.97M -8.44% Mar-18 72.25 74.5 89.8 61.65 145.90M -3.15% Feb-18 74.6 60.4 83.65 55.75 43.80M 23.61% Jan-18 60.35 63 70.8 58.45 16.88M 0.84% Dec-17 59.85 60.9 61.85 56.8 6.05M -1.24% Nov-17 60.6 62.5 67.95 57.5 9.56M -3.35% Oct-17 62.7 52.65 72.15 50.3 12.42M 19.66% Sep-17 52.4 55.1 57.95 52 5.73M -4.90% Aug-17 55.1 59.5 60.75 50.25 8.94M -7.16%

10 ema 35.5 37.93667 39.59511 47.59065 42.27458 56.98006 61.87599 59.29653 59.30046 48.75994 64.50201 58.0964 54.47381 66.85682 66.05576 73.0759 74.80321 58.4229 60.04028 60.67463 62.97005 50.99066 55.64791

20 ema 35.5 35.66538 35.95266 36.77553 37.24665 38.63152 40.37525 41.85408 43.19607 43.71945 45.17565 46.22752 46.89463 48.31812 49.68981 51.42521 53.20788 53.75728 54.22595 54.71626 55.33039 55.10498 55.10459

macd 0 2.271282 3.642448 10.81512 5.027932 18.34854 21.50074 17.44246 16.10439 5.040488 19.32636 11.86888 7.57918 18.5387 16.36595 21.65069 21.59533 4.665629 5.814332 5.958371 7.639657 -4.11432 0.543317

MACD(Moving Average Coverage and Divergence) HDFC ema

Date Jun-19 May-19 Apr-19 Mar-19 Feb-19 Jan-19 Dec-18 Nov-18 Oct-18 Sep-18 Aug-18 Jul-18 Jun-18 May-18 Apr-18 Mar-18 Feb-18 Jan-18 Dec-17 Nov-17 Oct-17 Sep-17 Aug-17

15 25 Price 2,446.40 2,424.90 2,315.50 2,316.50 2,082.15 2,081.15 2,122.45 2,117.15 1,911.85 2,005.65 2,062.25 2,181.05 2,108.05 2,136.15 1,944.60 1,891.45 1,883.80 2,006.35 1,873.55 1,852.05 1,808.80 1,803.05 1,775.00

Open 2,432.50 2,321.00 2,325.00 2,084.00 2,082.00 2,123.00 2,122.25 1,925.00 2,015.00 2,067.00 2,179.00 2,086.25 2,124.00 1,948.35 1,892.00 1,875.00 2,007.00 1,873.00 1,855.00 1,810.00 1,806.00 1,761.00 1,784.00

1.133333 0.076923 High 2,494.00 2,463.95 2,332.35 2,327.00 2,154.35 2,173.00 2,158.15 2,137.50 2,052.00 2,080.00 2,179.00 2,219.05 2,170.05 2,150.00 1,984.00 1,910.30 2,014.00 2,011.90 1,905.00 1,875.00 1,876.95 1,868.00 1,810.00

Low 2,403.40 2,271.40 2,237.00 2,070.25 2,076.05 2,023.00 2,032.15 1,896.80 1,884.40 1,913.80 2,055.00 2,065.00 2,009.75 1,947.30 1,880.25 1,830.00 1,837.00 1,832.95 1,797.45 1,791.30 1,685.00 1,740.00 1,732.80

Vol. 2.74M 5.24M 3.14M 1.87M 5.58M 2.13M 4.97M 6.22M 2.15M 1.75M 1.51M 2.49M 2.37M 1.46M 2.03M 1.40M 2.94M 5.69M 3.20M 1.91M 1.57M 1.11M

Change % 0.89% 4.72% -0.04% 11.26% 0.05% -1.95% 0.25% 10.74% -4.68% -2.74% -5.45% 3.46% -1.32% 9.85% 2.81% 0.41% -6.11% 7.09% 1.16% 2.39% 0.32% 1.58% -0.47%

10 ema 2,446.40 2422.033 2301.296 2318.527 2050.633 2085.219 2127.414 2115.781 1884.659 2021.782 2067.646 2196.171 2096.301 2141.463 1918.352 1887.863 1883.258 2022.762 1853.655 1851.836 1803.062 1803.048 1771.26

20 ema macd 2,446.40 0.00 2444.746 -22.71 2434.804 -133.51 2425.704 -107.18 2399.277 -348.64 2374.805 -289.59 2355.393 -227.98 2337.067 -221.29 2304.358 -419.70 2281.38 -259.60 2264.524 -196.88 2258.103 -61.93 2246.561 -150.26 2238.067 -96.60 2215.493 -297.14 2190.567 -302.70 2166.969 -283.71 2154.614 -131.85 2132.994 -279.34 2111.383 -259.55 2088.107 -285.05 2066.18 -263.13 2043.781 -272.52

and RESISTANCE LEVEL of Stock is the level at which demand is strong enough to stop the stock from falling any further. In the image above you can see that each time the price reaches the level, it has difficulty penetrating that level. The rationale is that as the price drops and approaches , buyers (demand) become more inclined to buy and sellers (supply) become less willing to sell. levels are usually below the current price, but it is not uncommon for a security to trade at or near . As technical analysis is not an exact science, setting precise levels can often be difficult. In addition, price movements can be volatile and briefly dip below . For example, it does not seem logical to consider a level broken if the price closes an eighth below the established level. For this reason, some traders and investors establish zones. Resistance is the level at which supply is strong enough to stop the stock from moving higher. In the image above you can see that each time the price reaches the resistance level, it has a hard time moving higher. The rationale is that as the price rises and approaches resistance, sellers (supply) become more inclined to sell and buyers (demand) become less willing to buy. Resistance levels are usually above the current price, but it is not uncommon for a security to trade at or near resistance. In addition, price movements can be volatile and rise above resistance briefly. Sometimes it does not seem logical to consider a resistance level broken if the price closes 1/8 above the established resistance level. For this reason, some traders and investors establish resistance zones. and resistance role reversal A key concept of technical analysis is that when a resistance or level is broken, its role is reversed. If the price falls below a level, that level will become resistance. If the price rises above a resistance level, it will often become . As the price moves past a level of or resistance, it is thought that supply and demand has shifted, causing the breached level to reverse its role. If a or resistance level is broken, it signals that the relationship between supply and demand has changed. A resistance breakout signals that the bulls (demand) have gained the upper hand and a break signals that the bears (supply) have won the battle.

SBI and Resistance:

The level of SBI stocks in last 5 years in 2016(RS.150)where there was high buy. Later the company brought out different schemes and regulations led to buy high where later the stocks had a boom from 150- 260 where the prices. The demand of the stocks raised at base of 220 then the prices. Recent values of shares is in high compared to past years at Rs360. Resistance level of stock has changed than in 2016. The cost of values and the price values has been rising compared to past years so this led to low resistance to change than intraday trade.

Kotak and Resistance level :

The level of Kotak is higher than 2016-2018 where the last price stop was at 1500

The resistance of the stock is lower compared to the 2015-2016 value.

HDFC and Resistance:

HDFC bank has been the most absolute performing banks compared to other banks where there is a good change in value of shares on the market has been changed. The last value has changed from Rs.1000 in 2016- Rs.2446.40 on closing. The resistance of this stock is pretty same where there is high and low on contagious.

IDBI and Resistance:

The level of IDBI banks has drastically changed from Rs.90 per share to 35 in 2019 The resistance level of stock also has developed or has been a high level where the share sell is higher than buy during 2017-2018

P.E.S.T ANALYSIS (Political, Economic, Social and Technology Analysis)

Political: Political environment of any country always have effect on banking on a major role. With good &stable political environment, banking sector is able to transfer funds more efficiently. One must note that the political instability of the country affect directly the banking sector in India. Weakness in Indian political system affects the economic-flexibility. Bureaucracy, poor istration, coalition and power hunts the resilience of India’s framework of framework of policy-making unstable politics leads to delayed decision making and implementation. Monitory policy of RBI has been restrictive over last couple of years with more intervention of RBI into money market. RBI has many changes into repo and reverse repo rate to curb inflation and ease the pressure • • •

Monetary policy Regulatory framework Degulation of market

Economic: India’s economic growth keeps on changing constantly due to is its contrast in living , difference in the economic in equalities and this mostly affects the growth of any sector. The increase in private sector credit has been nominal for these years and is tend to rise in the years as the news and other social networks interpret the banking is also developing in a higher pace compared to tech companies. The banks being under the survive lance of RBI(Reserve Bank of India) is also out ranging with new schemes and other new products which will lead to solve needs the people and the Government. As per S&P reviews on Indian Banking, Indian banking regulations are at par with the standards. RBI has taken certain steps to have a feasible risk-return ratio of banks • • •

Regular change in rate of return Complex nature of operations Consolidation of industry

Social: India has been on growth track and banking being an major part of our economy it has to adjust itself so as to supplement the growth of Indian economy. Despite all its growth the rural part have largely deprived with the basic banking facility. Where farmers and small business man have no other choice than to take loans from local vendors. Also the customers are looking for electronic modes of fund transfer along with personal touch and experience. • • •

Employment Demographics Working condition

Technological: The new changes in technology, banking has seen major changes in operation and has now focused on customer centric approach, mobile banking, ATM’s, internet banking, ERP etc.. Improving efficiently and productivity banks are now focusing on cashless, hassle-free working. Non cash payment comprises of 91%in value compared to 88% in 2013. Also the payments made through cheque have also come down. Establishment of computers, internet connectivity, RTGS and NEFT, MICR cheques, ECS, OTP are all significantly milestones in present. The continuous advancement in technology changed the way the banks interact with customers. Now virtual banking concept to roll out in market where in the products or services are available only on electronic modes and these are compete and attractively priced so as to invite customers to non-branch banking world, which also cuts down cost subsequently.

SUMMARY OF FINDING

The summary of the companies on the fundamental analysis is on the ratios 1.

Debt to Equity: The banks for the year span from 2015-2019 the ratios has been in a constant rate of 0.05 which is a the performance of the banks is pretty well as the banks has been maintaining a percentage given by the RBI which is quite variable in the future dates. 0.2 0.18 0.16 0.14 0.12 0.1 0.08 0.06 0.04 0.02 0 2015

2016 SBI

2017 Kotak Mahindra

2018 IDBI

2019

HDFC

2. Proprietary Ratio: The proprietary ratio of the banks has been changed according to the values of the business in sights. 12 10 8 6 4 2 0 2015

2016 SBI

2017 Kotak Mahindra

2018 IDBI

2019 HDFC

EPS: The eps value of the banks has been changing according to the banks. The chart describes much. 100 80 60 40 20 0 2015

2016

2017

2018

2019

-20 -40 SBI

Kotak Mahindra

IDBI

HDFC

Price Earnings Ratio: The PER is quite challenging where these banks perform enough with challenging values.

Chart Title 70 60 50 40 30 20 10 0 2015

2016 SBI

2017 Kotak Mahindra

(0.0-The report for that year does not found)

2018 IDBI

HDFC

2019

Performance Ratio: The bank has a performing ratio of ROA in % on banks was tough to assess the results. 2.5 2 1.5 1 0.5 0 -0.5

2015

2016

2017

2018

2019

-1 -1.5 -2 -2.5 -3 SBI

Kotak Mahindra

IDBI

HDFC

Consolidation of the RSI of the Banks: By calculating and consolidating the data the result of RSI. I have determined using the banks. 1.

As per SBI the bank has been performing for the past with a average RSI in 2017 of 59.59 which was a boom period of the new age of digitalisation of Indian banks where SBI alone was facing in the change of new board with the busy upgradations where the market was waiting of a better outcome for the observation to be held forth. The RSI average for 2018 68.79 which is a increase in volume when the new laws and the new regulations came into role of into action. The average of 2019 is much higher that the past year calculation 80.65 the strong uptrend means that the stock is and the company is performing good.

2. Kotak Mahindra a bank which brought new features and products at the time of the boom of digitalisation where these led to rise in the bank’s RSI to 70.07 in 2017. Where new policies of 0 balance , trade centre for online Demat, etc. The bank had absolute growth for the consecutive years 69.96 was a bit lower due to the high competition in the private banks introduction and upgradation it lost its points in 2018. The bank then made the value of its average RSI to 76.86 on 2019 till date which is bit good and average compared to its old value.

3. IDBI bank has been performing to its best in the last years due to the high competition it has not made it way but still does its best 2017- 41.38 which was a good where the buy will create return. Next year 2018 the RSI 30.73 which is down where internal facts and other things managed to lowering in the bank share value. The RSI is so much lower where the value is so low where the shares are bearish to sell.

4. HDFC the bank of high reputation who is said to be with a history of more than 3decades has been performing their bet where their changes are good the RSI of the bank of 201771.22 Then the consecutive value of the performance and the RSI was higher 2018- 74.34 Good with a high than the rest banks the RSI of HDFC is higher on 2019- 88.75.

Consolidation MACD of the Banks: 1. The SBI MACD is good where the value is good the chart shows the value is good 0draft of 50 then finally -10 still continuous. 2. Kotak Mahindra is lower where the points concluded with the minus the reports though they were able to conclude but the company is still under the process of development. 3. IDBI MACD is pretty good the bank is sustaining the bullish market with their own procedures. 4. HDFC is having a down flow where the MACD enters the minus from the being of the calculation.

CONCLUSION

The IET training happened for 30 days in CSBL as a Depository where the work of mailing, archiving mails etc was done the company gave me an proper out view how a stock company works where it was more useful to finish my report. The cause why I took banks were these are the only sector is an economic growth directly. This sector which is an access card to all the sector as a loan giver, deposits, etc this banks also can decide an budget of a country. As it also controlled and managed by Reserve Bank of India. The report that consists of banks that are top performing for an year span of 3 years where SBI, HDFC, IDBI and Kotak Mahindra. Which were well performing for their past years it also relates that their growth level and the news feed of development etc were also taken into .

The reports of RSI, MACD shows that the stock of the company were fully good enough where the level of sustainment of stocks were reviewed which shows that the company can withstand in the markets as they need because of their value.

Hence I conclude the report by providing a static outcome that the banks are highly positive where it is ease for them to provide an good and is efficient to run successful.

ANNEXURE

The websites used we fully related on the report and the full resources are gained modified according to the need of the project. • • • • • • •

www.investing .com www.net.mba www.Thebalance.com www.fidelity.com www.schools.stockchart.com www.dynamiclevel.com www.wikipedia.com