4.

6, Axis Bank

Profile of the Axis Bank

Axis Bank Ltd is the third largest of the private-sector banks in India offering a
comprehensive suite of financial products. The bank has its head office in Mumbai and
Registered office in Ahmedabad. It has 3304 branches, 14,003 ATMs, and nine international
offices. The bank employs over 55,000 people and had a market capitalization of ₹1.28
trillion (US$20 billion) (as on March 31, 2017). It offers the entire spectrum of financial
services large and mid-size corporates, SME, and retail businesses.

As of 30 Jun. 2016, 30.81% shares are owned by promoters & promoter group (United India
Insurance Company Limited, Oriental Insurance Company Limited, National Insurance
Company Limited, New India Assurance Company Ltd, GIC, LIC & UTI). Remaining
69.19% shares are owned by Mutual Funds Institutions, FIIs, Financial Institutions (banks),
Insurance companies, corporate bodies & individual investors among others.

History of Axis Bank

UTI Bank opened its registered office in Ahmedabad and corporate office in Mumbai in
December 1993. The first branch was inaugurated on 2 April 1994 in Ahmedabad by Dr.
Manmohan Singh, the Finance Minister of India. UTI Bank began its operations in 1993,
after the Government of India allowed new private banks to be established. The Bank was
promoted in 1993 jointly by the Administrator of the Unit Trust of India (UTI-I), Life
Insurance Corporation of India (LIC), General Insurance Corporation, National Insurance
Company, The New India Assurance Company, The Oriental Insurance Corporation and
United India Insurance Company.

In 2001 UTI Bank agreed to merge with and amalgamate Global Trust Bank, but the Reserve
Bank of India (RBI) withheld approval and nothing came of this. In 2004 the RBI put Global
Trust into moratorium and supervised its merger into Oriental Bank of Commerce.

In 2003 UTI Bank became the first Indian bank to launch the travel currency card.

In 2005, UTI bank got listed on London Stock Exchange.

UTI Bank opened its first overseas branch in 2006 Singapore. That same year it opened a
representative office in Shanghai, China. UTI Bank opened a branch in the Dubai
International Financial Centre in 2007. That same year it began branch operations in Hong
Kong. In 2008 it opened a representative office in Dubai.

With effect from July 30, 2007, UTI Bank changed its name to Axis Bank.

Axis Bank opened a branch in Colombo in October 2011, as a Licensed Commercial Bank
supervised by the Central Bank of Sri Lanka. Also in 2011, Axis Bank opened a
representative offices in Abu Dhabi. In 2011, Axis bank inaugurated Axis House, its new
corporate office in Worli, Mumbai.

In 2013, Axis Bank's subsidiary, Axis Bank UK commenced banking operations. Axis Bank
UK has a branch in London.

Deepika Padukone, a Mumbai Film Industry (a.k.a. Bollywood) actress is the brand
ambassador of Axis Bank.

In 2015, Axis Bank opens its representative office in Dhaka.

The bank has over 50,000 employees (as of 31 March 2016). The bank incurred ₹26.7 billion
(US$410 million) on employee benefits during the FY 2012–13. The average age of an Axis
Bank employee is 29 years. The attrition rate in Axis Bank is approx. 9% per year.
Services of Axis Bank
Retail Banking

In the retail category, the bank offers services such as lending to individuals/small businesses
subject to the orientation, product and granularity criterion, along with liability products, card
services, Internet banking, automated teller machines (ATM) services, depository, financial
advisory services, and Non-resident Indian (NRI) services. Axis bank is a participant in RBI's
NEFT enabled participating banks list.

Corporate Banking

Credit: The Bank offers various loan and fee-based products and services to Large and Mid-
corporate customers and Small and Medium Enterprise (SME) businesses. These products
and services include cash credit facilities, demand and short-term loans, project finance,
export credit, factoring, channel financing, structured products, discounting of bills,
documentary credits, guarantees, foreign exchange and derivative products. Liability products
including current accounts, certificates and deposits and time deposits are also offered to
large and mid-corporate segments.

Transaction Banking: Formed in April 2015, TxB provides integrated products and services
to customers in areas of current accounts, cash management services, capital market services,
trade, foreign exchange and derivatives, cross-border trade and correspondent banking
services and tax collections on behalf of the Government and various State Governments in
India.

Treasury: The Treasury manages the funding position of the Bank and also manages and
maintains its regulatory reserve requirements. It invests in sovereign and corporate debt
instruments and engages in proprietary trading in equity and fixed income securities, foreign
exchange, currency futures and options. It also invests in commercial papers, mutual funds
and floating rate instruments as part of the management of short-term surplus liquidity. In
addition, it also offers a wide range of treasury products and services to corporate customers.
Syndication: The Bank also provides services of placement and syndication in the form of
local currency bonds, rupee and foreign term loans and external commercial borrowings.

Investment Banking and Trustee Services: The Bank provides investment banking and
trusteeship services through its owned subsidiaries. Axis Capital Limited provides investment
banking services relating to equity capital markets, institutional stock broking besides M&A
advisory. Axis Trustee Services Limited is engaged in trusteeship activities, acting as
debenture trustee and as trustee to various securitization trusts.

International Banking

The Bank continues to offer corporate banking, trade finance, treasury and risk management
solutions through the branches at Singapore, Hong Kong, DIFC, Shanghai and Colombo, and
also retail liability products from its branches at Hong Kong and Colombo. The
representative office at Dhaka was inaugurated during the current financial year. Through the
Representative Office at Dhaka.

Services offered by the bank:

 Personal Banking
 Corporate Banking
 NRI Banking
 Priority Banking
 VBV – Online purchases using Credit Card
 VBV / MSC – Online purchases using Debit Card
4.7, Bank of India

Profile of the Bank of India

Bank of India (BoI) is commercial bank with headquarters at Bandra Kurla complex,
Mumbai. Founded in 1906, it has been government-owned since nationalisation in 1969.
Bank of India has 5100 branches as on 31 January 2017, including 56 offices outside India,
which includes five subsidiaries, five representative offices, and one joint venture. BoI is a
founder member of SWIFT (Society for Worldwide Inter Bank Financial
Telecommunications), which facilitates provision of cost-effective financialprocessing and
communication services.

History of Bank of India

Bank of India was founded on 7 September 1906 by a group of eminent businessmen from
Mumbai, Maharashtra, India. The Bank was under private ownership and control till July
1969 when it was nationalised along with 13 other banks.

Beginning with one office in Mumbai, with a paid-up capital of ₹5 million (US$77,000) and
50 employees, the Bank has made a rapid growth over the years and blossomed into a mighty
institution with a strong national presence and sizable international operations. In business
volume, the Bank occupies a premier position among the nationalised banks.

The bank has 4,963 branches in India spread over all states/ union territories including
specialised branches. These branches are controlled through 54 Zonal Offices. There are 60
branches/ offices and 5 Subsidiaries and 1 joint venture abroad. The Bank came out with its
maiden public issue in 1997 and follow on Qualified Institutions Placement in February 2008.

The current bank

Bank of India, Mumbai Main Branch

The earlier holders of the Bank of India name had failed and were no longer in existence by
the time a diverse group of Hindus, Muslims, Parsees, and Jews helped establish the present
Bank of India in 1906 in Bombay. It was the first bank in India whose promoters aimed to
serve all the communities of India. At the time, banks in India were either owned by
Europeans and served mainly the interests of the European merchant houses or by different
communities and served the banking needs of their own community.

The promoters incorporated the Bank of India on 7 September 1906 under Act VI of 1882,
with an authorised capital of ₹10 million (US$150,000) divided into 100,000 shares each of
₹100 (US$1.50). The promoters placed 55,000 shares privately, and issued 45,000 to the
public by way of IPO on 3 October 1906; the bank commenced operations on 1 November
1906.

The lead promoter of the Bank of India was Sir Sassoon J. David (1849–1926). He was a
member of the Sassoon family, who in turn were part of a Bombay community of Baghdadi
Jews that was notable for its history of social service. Sir David was a prudent banker and
remained the bank's chief executive from its founding in 1906 until his death in 1926.

The first board of directors of the bank consisted of Sir Sassoon David, Sir Cowasjee
Jehangir, J. Cowasjee Jehangir, Sir Frederick Leigh Croft, Ratanjee Dadabhoy Tata,
Gordhandas Khattau, Lalubhai Samaldas, Khetsety Khiasey, Ramnarain Hurnundrai,
Jenarrayen Hindoomull Dani, and Noordin Ebrahim Noordin.

In 1921, BoI entered into an agreement with the Bombay Stock Exchange to manage its
clearing house. BoI's international expansion began in 1946 when the bank BoI opened a
branch in London, the first Indian bank to do so. This was also the first post-World War II
overseas branch of any Indian bank.

The 1950s saw BoI open numerous branches abroad: Tokyo and Osaka in 1950, Singapore in
1951, Kenya and Uganda in 1953, Aden in 1953 or 1954, and Tanganyika in 1955.

After a brief hiatus, BoI returned to international expansion, opening a branch in Hong Kong
in 1960. A branch in Nigeria followed in 1962.

Then came nationalizations abroad, and at home. The Government of Tanzania nationalised
BoI's operations in Tanzania in 1967 and folded them into the government-owned National
Commercial Bank, together with those of Bank of Baroda and several other foreign banks.
Two years later, in 1969, the Government of India nationalised the 14 top banks, including
Bank of India. In the same year, the People's Democratic Republic of Yemen nationalised
BoI's branch in Aden, and the Nigerian and Ugandan governments forced BoI to incorporate
its branches in those countries. The next year, National Bank of Southern Yemen
incorporated BoI's branch in Yemen, together with those of all the other banks in the country;
this is now National Bank of Yemen. BoI was the only Indian bank in the country.

In 1972 BoI sold its Uganda operation to Bank of Baroda. The next year BoI opened a
representative office in Jakarta.

In 1974 BoI opened a branch in Paris. This was the first branch of an Indian bank in Europe.

In 1976 the Nigerian government acquired 60% of the shares in Bank of India (Nigeria).

In 1978 BoI opened a branch in New York. Also in the 1970s, BoI opened an agency in San
Francisco.

In 1980 Bank of India (Nigeria), changed its name to Allied Bank of Nigeria to reflect the
fact that it was no longer a subsidiary of Bank of India.
In 1986 BoI acquired Parur Central Bank in (Ernakulam District, Kerala State) in a rescue.
Parur Central Bank (or Karur Central Bank, or Paravur Central Bank) had been founded in
1930, and at the time of its failure had 51 branches. BoI amalgamated Parur Central Bank in
1990.

The next year, 1987, BoI took over the three UK branches of Central Bank of India (CBI).
CBI had been caught up in the Sethia fraud and default and the Reserve Bank of India
required it to transfer its branches.

2003: BoI opened a representative office in Shenzhen.

2005: BoI opened a representative office in Vietnam.

2006: BoI plans to upgrade the Shenzen and Vietnam representative offices to branches, and
to open representative offices in Beijing, Doha, and Johannesburg. In addition, BoI plans to
establish a branch in Antwerp and a subsidiary in Dar-es-Salaam, marking its return to
Tanzania after 37 years.

In 2007 BoI acquired 76% of Indonesia-based PT Bank Swadesi.

BoI established a wholly owned subsidiary, Bank of India (New Zealand) Ltd., in Auckland,
New Zealand on 6 October 2011. Then BoI established a wholly owned subsidiary, Bank of
India (Uganda) Ltd., on 18 June 2012. Most recently, BoI opened its wholly owned
subsidiary Bank of India (Botswana) Ltd., on 9 August 2013.
4.8, HDFC

Profile of the HDFC

HDFC (Housing Development Financial Corporation) Bank Limited is an Indian banking and
financial services company headquartered in Mumbai, Maharashtra. It has 84,325 employees
and has a presence in Bahrain, Hong Kong and Dubai. HDFC Bank is India’s largest private
sector lender by assets. It is the largest bank in India by market capitalization as of February
2016. It was ranked 69th in 2016 BrandZ Top 100 Most Valuable Global Brands.

History of HDFC
In 1994 HDFC Bank was incorporated, with its registered office in Mumbai, India. Its first
corporate office and a full service branch at Sandoz House, Worli were inaugurated by the
then Union Finance Minister, Manmohan Singh.

As of June 30, 2017, the bank's distribution network was at 4,715 branches and 12,260 ATMs
across 2,657 cities and towns. The bank also installed 4.30 Lacs POS terminals and issued
235.7 Lacs debit cards and 85.4 Lacs credit card in FY 2017.

Products and services of HDFC

HDFC Bank provides a number of products and services including wholesale banking, retail
banking, treasury, auto loans, two wheeler loans, personal loans, loans against property and
credit cards.
The latest entry in the league is 'Project AI', under which HDFC Bank, over the next few
weeks, would deploy robots at select bank branches. These robots will offer options such as
cash withdrawal or deposit, forex, fixed deposits and demat services displaying on a screen to
customers.

Listings and shareholding of HDFC

The equity shares of HDFC Bank are listed on the Bombay Stock Exchange and the National
Stock Exchange of India. Its American Depository Shares are listed on NYSE and the global
depository receipt are listed on the Luxembourg Stock Exchange where two GDRs represent
one equity share of HDFC Bank.

HDFC Home Loans

A new home is a celebration of a lifetime and a home loan is perhaps one of the best ways to
achieve this milestone. HDFC's Home Loans are quick and easy and are available at an
attractive interest rate. The key features of our home loan include easy documentation, door
step assistance and flexible repayment options, making it easier for you to bring alive your
aspiration of owing your own home.
4.9, Karnataka Bank

Profile of the Karnataka Bank

The Karnataka Bank Limited is a major Private Sector Banking institution based in the
coastal city of Mangaluru in Karnataka, India. The Reserve Bank of India has designated
'Karnataka Bank' Limited as an A1+ class Scheduled Commercial Bank.

Karnataka Bank Limited currently has a network of 800 branches, 1374 ATM's and 160 e-
lobbies/mini e-lobbies across 22 States and 2 Union territories. It has over 8153 employees
and over 9.2 million customers throughout the country. Its shares are entirely privately owned
by over 1,46,000 shareholders. The tagline of the bank is "Your Family Bank Across India".

In August 2008, Karnataka Bank Limited received the Sun and NDTV Green IT Award. Sun
Microsystems and NDTV gave the award to in recognition of the bank's "green policies" and
use of earth-friendly technology such as solar power.

The bank has the Best Bank Award for "Managing IT Risk" under small bank category for
the year 2010-11, instituted by Institute for Development and Research in Banking
Technology (IDRBT). Shri Anand Sinha, deputy governor, Reserve Bank of India and
chairman, IDRBT presented the award to Shri P. Jayarama Bhat, Managing Director at a
function held in Hyderabad on 4 August 2011 in the presence of Shri B. Sambamurthy,
director, IDRBT.

Karnataka Bank Limited has adopted Core banking,Internet banking and has established its
"MoneyPlant" [1374 Automated Teller Machine] system across the country. During 2015-16,
the bank received the IDRBT Banking Technology Excellence Award of the Institute for
Development and Research in Banking Technology [IDRBT], Hyderabad for the year 2014-
15. Karnataka Bank Limited has received the Federation of Indian Export Organizations –
Western Region's “Export Excellence Award for MSME”, for the year 2014 -15. The bank
has achieved the ISO 27001:2013 Certificate from UKAS, Management Systems, and a UK
based certifying body.

History of the Karnataka Bank

Karnataka Bank Limited was incorporated on 18 February 1924, and commenced business on
23 May 1924. Its founders established it at Mangalore, a coastal town in the Dakshina
Kannada district of Karnataka. Among the founders, who created the bank to serve the South
Kanara region, was B. R. Vysaray Achar. Another important personality associated with the
bank was K. S. N. Adiga, who served as Chairman from 1958 to 1979.

In the 1960s Karnataka Bank Limited acquired three smaller banks. In 1960 Karnataka Bank
acquired the Sringeri Sharada Bank, which was established in 1942 and which had four
branches when Karnataka acquired it. Four years later, Karnataka Bank Limited took over the
assets and liabilities of the Chitradurga Bank (also known as Chitladurg Bank), which was
established in 1868 in Mysore State and was the oldest bank in Mysore. Lastly, in 1966
Karnataka Bank Limited took over the assets and liabilities of the Bank of Karnataka, in
Hubli. Bank of Karnataka had been established in 1946 and had opened one branch in
Belgaum in 1947. At the time of this acquisition, Bank of Karnataka had 13 branches.

In 2000, Karnataka Bank Limited signed a memorandum of understanding with Infosys

Technologies to develop a core-banking solution called Finacle. Over 221 branches were
networked up to 31 March 2004. The main motto of this programme is "Anytime/Anywhere
banking". In 2002, the bank concluded a pact with Corporation Bank for sharing its ATMs. A
year later, the bank introduced the Moneyplant card that allows customers to withdraw
money from any of their Karnataka bank accounts.

In September 2003, the bank shifted its head office from Kodialbail to Kankanady.
Services of the Karnataka Bank
The branches are available in 22 Indian states and 2 union territories. In August 2008, the
Karnataka Bank Limited introduced Quick Remit, a facility to make money transfer easy for
Non-Resident Indians living in Canada, United States and the UK. The bank also runs a 24-
hour Internet banking service called Moneyclick.

Karnataka Bank Limited offers multi-branch banking, deposit schemes as Abhyudaya Cash
Certificate, Fixed Deposits, Ready Money Deposit, Soulabhya Deposit, Cumulative Deposit,
Platinum Lakhpathi, Insurance Linked Savings Bank Deposit, K-Flexi Deposit, Resident
Foreign Currency (Domestic) Account, NRI Services, Senior Citizens Deposit Scheme and
Loan schemes as Vidyanidhi Education Loans, Apna Ghar Home Loans, Car Finance
Scheme, Varthak Loans, Easy Ride, Scheme for salaried persons, Udyog Mithra, Niveshan
Loans, Krishi Card, K-Power, Lease ‘n’ Encash, Suvarna Nidh, InstaCash and VahanaMitra.

4.10, State Bank of India

Profile of the SBI

State Bank of India (SBI) is an Indian multinational, public sector banking and financial
services company. It is a government-owned corporation with its headquarters in Mumbai,
Maharashtra. On April 1, 2017, the State Bank of India, which was India's largest bank,
merged with five of its associate banks (State Bank of Bikaner & Jaipur, State Bank of
Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore), and
with the Bharatiya Mahila Bank. This was the first ever large scale consolidation in the
Indian banking industry. With the merger, SBI became one of the 50 largest banks in the
world (balance sheet size of ₹33 trillion, 278,000 employees, 420 million customers, and
more than 24,000 branches and 59,000 ATMs). SBI's market share was projected to increase
to 22 percent from 17 per cent. It has 198 offices in 37 countries; 301 correspondents in 72
countries. The company is ranked 232nd on the Fortune Global 500 list of the world's biggest
corporations as of 2016.

The bank descends from the Bank of Calcutta, founded in 1806, via the Imperial Bank of
India, making it the oldest commercial bank in the Indian subcontinent. The Bank of Madras
merged into the other two "presidency banks" in British India, the Bank of Calcutta and the
Bank of Bombay, to form the Imperial Bank of India, which in turn became the State Bank of
India in 1955. The Government of India took control of the Imperial Bank of India in 1955,
with Reserve Bank of India (India's central bank) taking a 60% stake, renaming it the State
Bank of India. In 2008, the government took over the stake held by the Reserve Bank of
India.[citation needed]

The State Bank of India has 20% market share in deposits and loans among Indian
commercial banks.

History of the SBI

The roots of the State Bank of India lie in the first decade of the 19th century, when the Bank
of Calcutta later renamed the Bank of Bengal, was established on 2 June 1806. The Bank of
Bengal was one of three Presidency banks, the other two being the Bank of Bombay
(incorporated on 15 April 1840) and the Bank of Madras (incorporated on 1 July 1843). All
three Presidency banks were incorporated as joint stock companies and were the result of
royal charters. These three banks received the exclusive right to issue paper currency till 1861
when, with the Paper Currency Act, the right was taken over by the Government of India.
The Presidency banks amalgamated on 27 January 1921, and the re-organised banking entity
took as its name Imperial Bank of India. The Imperial Bank of India remained a joint stock
company but without Government participation.

Pursuant to the provisions of the State Bank of India Act of 1955, the Reserve Bank of India,
which is India's central bank, acquired a controlling interest in the Imperial Bank of India. On
1 July 1955, the imperial Bank of India became the State Bank of India. In 2008, the
Government of India acquired the Reserve Bank of India's stake in SBI so as to remove any
conflict of interest because the RBI is the country's banking regulatory authority.

In 1959, the government passed the State Bank of India (Subsidiary Banks) Act. This made
SBI subsidiaries of eight that had belonged to princely states prior to their nationalization and
operational takeover between September 1959 and October 1960, which made eight state
banks associates of SBI. This une with the first Five Year Plan, which prioritised the
development of rural India. The government integrated these banks into the State Bank of
India system to expand its rural outreach. In 1963 SBI merged State Bank of Jaipur (est.
1943) and State Bank of Bikaner (est.1944).

SBI has acquired local banks in rescues. The first was the Bank of Bihar (est. 1911), which
SBI acquired in 1969, together with its 28 branches. The next year SBI acquired National
Bank of Lahore (est. 1942), which had 24 branches. Five years later, in 1975, SBI acquired
Krishnaram Baldeo Bank, which had been established in 1916 in Gwalior State, under the
patronage of Maharaja Madho Rao Scindia. The bank had been the Dukan Pichadi, a small
moneylender, owned by the Maharaja. The new bank's first manager was Jall N. Broacha, a
Parsi. In 1985, SBI acquired the Bank of Cochin in Kerala, which had 120 branches. SBI was
the acquirer as its affiliate, the State Bank of Travancore, already had an extensive network in
Kerala.

There has been a proposal to merge all the associate banks into SBI to create a "mega bank"
and streamline the group's operations.

The first step towards unification occurred on 13 August 2008 when State Bank of Saurashtra
merged with SBI, reducing the number of associate state banks from seven to six. On 19 June
2009, the SBI board approved the absorption of State Bank of Indore. SBI holds 98.3% in
State Bank of Indore. (Individuals who held the shares prior to its takeover by the
government hold the balance of 1.7 %.)

The acquisition of State Bank of Indore added 470 branches to SBI's existing network of
branches. Also, following the acquisition, SBI's total assets will approach ₹10 trillion. The
total assets of SBI and the State Bank of Indore were ₹9,981,190 million as of March 2009.
The process of merging of State Bank of Indore was completed by April 2010, and the SBI
Indore branches started functioning as SBI branches on 26 August 2010.

On 7 October 2013, Arundhati Bhattacharya became the first woman to be appointed

Chairperson of the bank. Mrs. Bhattacharya received an extension of two years of service to
merge into SBI the five remaining associated banks.