ABSTRACT

Banking Sector plays an important role in economic development of a country. The banking system of India is featured by a large network of bank branches, serving many kinds of financial services of the people. The Kotak Mahindra Bank is one of the leading bank of private sector in India. Kotak Mahindra has today more than 363 branches located at important cities throughout the country. ICICI Bank is second largest and leading bank of private sector in India. The Bank has 2,533 branches and 6,800 ATMs in India. The purpose of the study is to examine the financial performance of Kotak Mahindra Bank and ICICI Bank private sector respectively. The research is descriptive and analytical in nature. The data used for the study was entirely secondary in nature. The present study is conducted to compare the financial performance of Kotak Manhindra Bank and ICICI Bank .Study On the Basis of Milestone, Other Income To Total Income ,Stock comparison ,Equity Share Data ,Income Data ,Balance Sheet Data ,Cash Flow, Competition ,Securities Share Broker Comparison ,Report Card ,Awards The study found that Kotak Manhindra Bank is performing well and financially sound than ICICI Bank but in context of deposits and expenditure ICICI bank has better managing efficiency than Kotak Mahindra.

CHAPTER - 1

INTRODUCTION
An efficient banking system is recognized as basic requirement for the economic development of any economy. Banks mobilize the savings of community into productive channels. The banking system of India is featured by a large network of bank branches, serving many kinds of financial needs of the people. Banking in India in the modern sense originated in the last decades of the 18th century. The first banks were Bank of Hindustan (1770-1829) and The General Bank of India, established 1786 and since defunct. The largest bank, and the oldest still in existence, is the state bank of India which originated in the bank of Calcutta in June 1806, which almost immediately became the Bank of Bengal. This was one of the three presidency banks, the other two being the Bank of Bombay and the Bank of Madras, all three of which were established under charters from the British East India Company. The three banks merged in 1921 to form the imperial Bank of India, which, upon India's independence, became the State Bank of India in 1955. For many years the presidency banks acted as quasi-central banks, as did their successors, until the Reserve Bank of India was established in 1935. In 1969 the Indian government nationalized all the major banks that it did not already own and these have remained under government ownership. They are run under a structure know as 'profit-making public sector undertaking' (PSU) and are allowed to compete and operate as commercial bank. The Indian banking sector is made up of four types of banks, as well as the PSUs and the state banks, they have been joined since 1990s by new private commercial banks and a number of foreign banks. Banking in India was generally fairly mature in terms of supply, product range and reacheven though reach in rural India and to the poor still remains a challenge. The government has developed initiatives to address this through the State bank of India expanding its branch network and through the National Bank for Agriculture and Rural Development with things like microfinance.

CHAPTER -2 PROFILE OF THE BANK

ICICI BANK (INDUSTRIAL CREDIT AND INVESTMENT CORPORATION OF INDIA)

ICICI Bank is second largest and leading bank of private sector in India. Its headquarter is in Mumbai, India. According to Forbes State Bank of India is the 29th most reputed company in the world. The Bank has 2,533 branches and 6,800 ATMs in India. In 1998 ICICI Bank launched internet banking operations. The Bank offers a wide range of banking products and financial services to the corporate and retail customers. It also provides services in the areas of venture capital investment banking, asset management and life and non-life insurance. ICICI Bank's equity shares are listed in India on Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) and its American Depositary Receipts (ADRs) are also listed on the New York Stock Exchange (NYSE).

ICICI Bank limited is major banking and financial services organization in India. The bank is the second largest bank in India and the largest private sector bank in India by market capitalization. They are publicly held banking company engaged in providing a wide range of banking and financial services including commercial banking and treasury operations. The bank and their subsidiaries offers a wide range of banking and financial services including commercial banking, retail banking, project and corporate finance, working capital finance, insurance, venture capital and private equity, investment banking, broking and treasury products and services. They offer through a variety of delivery channels and through their specialized subsidiaries in the area of investment banking, life and non-life insurance, venture capital and assets management. The bank has a network of 2035 branches and about 5518 ATMs in India and presence in 18 countries. They have subsidiaries in the United Kingdom, Russia and Canada, branches in United States, Singapore, Bahrain, Hong-Kong, Srilanka, Qatar and Dubai International

finance centre and representative offices in United Arab Emirates, China, South Africa, Bangladesh, Thailand, Malaysia and Indonesia. Our UK subsidiary has established branches in Belgium and Germany.

The bank equity shares are listed in India on Bombay Stock Exchange and National stock exchange of India Limited and their American Depository Receipts (ADRs) are listed on NYSE. The bank is first Indian banks listed NYSE.

Kotak Mahindra Bank

Kotak Mahindra Bank (BSE: 500247, NSE: KOTAKBANK) is an Indian financial firm established in 1985. It was previously known as Kotak Mahindra Finance Limited, a nonbanking financial company. In February 2003, Kotak Mahindra Finance Ltd, the group's flagship company was given the licence to carry on banking business by the Reserve Bank of India (RBI). Kotak Mahindra Finance Ltd. is the first company in the Indian banking history to convert to a bank. Today it has more than 363 branches, 20,000 employees and 10,000 crore in revenue.Mr. Uday Kotak is Executive Vice Chairman & Managing Director of Kotak Mahindra Bank Ltd. In July 2011 Mr. C. Jayaram and Mr. Dipak Gupta, whole time directors of the Bank, were appointe Joint Managing Directors of Kotak Mahindra Bank. Dr. Shankar Acharya is the chairman of board of Directors in the company. The Bank has its registered office at Nariman Bhavan, Nariman Point, Mumbai .

It bought stressed assets from a number of banks, at full loan value of 1,000 crores in 2005.In January 2011, the bank reported a 32% rise in net profit to 188 crores for the quarter ended December 2010 against 142 crores the corresponding quarter last year.[4] Kotak Mahindra bank also reached the top 100 most trusted brands of India in The Brand Trust Report published by Trust Research Advisory in 2011.

OBJECTIVE OF THE STUDY

To study the financial performance of Kotak Mahindra Bank and ICICI Bank. To compare the financial performance of Kotak Mahindra Bank and ICICI Bank. To compare the milestone of Kotak Mahindra Bank and ICICI Bank.

RESEARCH METHODOLOGY
In the present study, an attempt has been made to measure, evaluate and compare the financial performance of Kotak Mahindra Bank and ICICI Bank which related to the private sector respectively. The study is based on secondary data that has been collected from annual reports of the respective banks, magazines, journals, documents and other published information. The study covers the period of 5 years.

LIMITATION OF THE STUDY

Due to constraints of time and resources, the study is likely to suffer from certain limitations. Some of these are mentioned here under so that the findings of the study may be understood in a proper perspective.

The limitations of the study are:

The study is based on the secondary data and the limitation of using secondary data may affect the results.

The secondary data was taken from the annual reports of the Kotak Mahindra Bank and ICICI Bank. It may be possible that the data shown in the annual reports may be window dressed which does not show the actual position of the banks.

Financial analysis is mainly done to compare the growth, profitability and financial soundness of the respective banks by diagnosing the information contained in the financial statements. Financial analysis is done to identify the financial strengths and weaknesses of the two banks by properly establishing relationship between the items of Balance Sheet and Profit & Loss Account. It helps in better understanding of banks financial position, growth and performance by analyzing the financial statements with various tools and evaluating the relationship between various elements of financial statements.

FOR THIS PURPOSE THE FOLLOWING PARAMETERS HAVE BEEN STUDIED

1.Milestone 2.Other Income To Total Income 3.Stock comparison 5.Income Data 6.Balance Sheet Data 7.Cash Flow 8.Competition 9.Securities Share Broker Comparison 10.Report Card 11.Awards

1.Milestone (ICICI)
Year Milestone

1986

ICICI became the first Indian institution to receive ADB Loans.

ICICI, along with UTI, set up Credit Rating Information Services of India Limited, India's first professional creditrating agency.

ICICI promotes Shipping Credit and Investment Company of India Limited.

The Corporation made a public issue of Swiss Franc 75 million in Switzerland, the first public issue by any Indian entity in the Swiss Capital Market. 1987 ICICI signed a loan agreement for Sterling Pound 10 million with

Commonwealth Development Corporation (CDC), the first loan by CDC for financing projects in India. 1988 Promoted TDICI - India's first venture capital company. 1989 ------------------------------------------------------------------------------------1990 -----------------------------------------------------------------------------------------------------1991 ------------------------------------------------------------------------------------------------------1992 ----------------------------------------------------------------------------------------------------------1993 CICI Securities and Finance Company Limited in joint venture with J. P. Morgan set up.

ICICI Asset Management Company set up. 1994 ICICI Bank set up. 1995 1996 ICICI Ltd became the first company in the Indian financial sector to raise GDR. SCICI merged with ICICI Ltd.

Mr. K.V.Kamath appointed the Managing Director and CEO of ICICI Ltd. 1997 ICICI Ltd was the first intermediary to move away from single prime rate to three-tier prime rates structure and introduced yield-curve based pricing.

The name The Industrial Credit and Investment Corporation of India Ltd changed to ICICI Ltd.

ICICI Ltd announced the takeover of ITC Classic Finance. 1998 Introduced the new logo symbolizing a common corporate identity for the ICICI Group.

ICICI announced takeover of Anagram Finance. 1999 ICICI launched retail finance - car loans, house loans and loans for consumer durables.

ICICI become the first Indian company from non-Japan Asia to be listed on the NYSE. 2000 ICICI Bank became the first Indian bank to list on the NYSE. 2001 Bank of Madura Limited amalgamated with ICICI Bank in an all-stock deal in 2001.

The Boards of ICICI Ltd and ICICI Bank approved the merger of ICICI with ICICI Bank. 2002 ICICI Ltd merged with ICICI Bank Ltd to create India's second largest bank in terms of assets. Application to RBI.

ICICI assigned higher than sovereign rating by Moody's.

ICICI Bank launched India's first CDO (Collateralised Debt Obligation) Fund named Indian Corporate Collateralised Debt Obligation Fund (ICCDO Fund). "E Lobby",a self-service banking centre inaugurated in Pune. It was the first of Its kind of India ICICI Bank launched Private Banking. 1100-seat Call Centre set up in Hyderabad.

ICICI Bank Home Shoppe, the first-ever permanent aggregation and display of housing projects in the country, launched in Pune.

ATM-on-Wheels, India's first mobile ATM, launched in Mumbai. 2003 The first Integrated Currency Management Centre launched in Pune. ICICI Bank announced April 10 the setting up of its first ever offshore branch in Singapore. The first offshore banking unit (OBU) at Seepz Special Economic Zone, Mumbai, launched. ICICI Bank's representative office inaugurated in Dubai. Representative office set up in China. ICICI Bank's UK subsidiary launched.

India's first ever "Visa Mini Credit Card", a 43% smaller credit card in dimensions launched. ICICI Bank subsidiary set up in Canada. Temasek Holdings acquired 5.2% stake in ICICI Bank. ICICI Bank became the market leader in retail credit in India. 2004 Max Money, a home loan product that offers the dual benefit of higher eligibility and affordability to a customer, introduced. Mobile banking service in India launched in association with Reliance Infocomm. India's first multi-branded credit card with HPCL and Airtel launched. Kisan Loan Card and innovative, low-cost ATMs in rural India launched. ICICI Bank and CNBC TV 18 announced India's first ever awards recognizing the achievements of SMEs, a pioneering initiative to encourage the contribution of Small and Medium Enterprises to the growth of Indian economy. ICICI Bank opened its 500th branch in India. ICICI Bank introduced partnership model wherein ICICI Bank would forge an alliance with existing micro finance institutions (MFIs). The MFI would undertake the promotional role of identifying, training and promoting the microfinance clients and ICICI Bank would finance the clients directly on the recommendation of the MFI. ICICI Bank introduced 8-8 Banking wherein all the branches of the Bank would remain open from 8a.m. to 8 p.m. from Monday to Saturday. ICICI Bank introduced the concept of floating rate for home loans in India. ICICI Bank inaugurates its offshore unit in Bahrain. ICICI Bank inaugurates its representative office in Dhaka. 2005 First rural branch and ATM launched in Uttar Pradesh at Delpandarwa, Hardoi.

"Free for Life" credit cards launched wherein annual fees of all ICICI Bank Credit Cards were waived off.

ICICI Bank and Visa jointly launched mCheq - a revolutionary credit card on the mobile phone.

Private Banking Masters 2005, a nationwide Golf tournament for high net worth clients of the private banking division launched. This event is the largest domestic invitation amateur golf event conducted in India.

First Indian company to make a simultaneous equity offering of $1.8 billion in India, the United States and Japan.

Acquired IvestitsionnoKreditny Bank of Russia.

ICICI Bank became the largest bank in India in terms of its market capitalization.

ICICI Bank became the first private entity in India to offer a discount to retail investors for its follow-up offer. 2006 ICICI Bank became the first Indian bank to issue hybrid Tier-1 perpetual debt in the international markets.

ICICI Bank subsidiary set up in Russia.

Introduced a new product - 'NRI smart save Deposits' - a unique fixed deposit scheme for nonresident Indians.

Representative offices opened in Thailand, Indonesia and Malaysia.

ICICI Bank became the largest retail player in the market to introduce a biometric enabled smart card that allows banking transactions to be conducted on the field. A low-cost solution, this became an effective delivery option for ICICI Bank's micro finance institution partners.

ICICI Bank enters mainland Europe, opens branch in Belgium. Financial counseling centre Disha launched. Disha provides free credit counseling, financial planning and debt management services.

Bhoomi puja conducted for a regional hub in Hyderabad, Andhra Pradesh. 2007 ICICI Banks USD 2 billion 3-tranche international bond offering was the largest bond offering by an Indian bank. Sangli Bank amalgamated with ICICI Bank. ICICI Bank raised Rs 20,000 crore (approx $5 billion) from both domestic and international markets through a follow-on public offer.

ICICI Banks GBP 350 million international bond offering marked the inaugural deal in the sterling market from an Indian issuer and also the largest deal in the sterling market from Asia. Launched Indias first ever jewellery card in association with jewelry major Gitanjali Group. ICICI Bank became the first bank in India to launch a premium credit card -The Visa Signature Credit Card. Foundation stone laid for a regional hub in Gandhinagar, Gujarat. Introduced SME Toolkit, an online resource centre, to help small and medium enterprises start, finance and grow their business. ICICI Bank signed a multi-tranche dual currency US$ 1.5 billion syndication loan agreement in Singapore. ICICI Bank became the first private bank in India to offer both floating and fixed rate on car loans, commercial vehicles loans, construction equipment loans and professional equipment loans. In a first of its kind, nation wide initiative to attract bright graduate students to pursue a career in banking, ICICI Bank launched the "Probationary Officer Programme". Launched Bank home services for all savings and current a/c customers residing in India.ICICI Bank Eurasia LLC inaugurated its first branch at St Petersburg, Russia. 2008 ICICI Bank enters US, launches its first branch in New York. ICICI Bank enters Germany, opens its first branch in Frankfurt.

ICICI Bank launched iMobile, a breakthrough innovation in banking where practically all internet banking transactions can now be simply done on mobile phones.

ICICI Bank concluded India's largest ever securitization transaction of a pool of retail loan assets aggregating to Rs. 48.96 billion (equivalent of USD 1.21 billion) in a multi-tranche issue backed by four different asset categories. It is also the largest deal in Asia (ex-Japan) in 2008 till date and the second largest deal in Asia (ex-Japan & Australia) since the beginning of 2007. 2009 Ms.Chanda D Kochhar appointed the Managing Director and CEO of ICICI Bank Ltd. ICICI Bank and Singapore Airlines launch "ICICI Bank Singapore Airlines Visa Platinum Credit Card" ICICI Bank ties up with BSNL Cell One for bill payments 2010 ICICI Bank launches website in Hindi. ICICI Bank opens first retail branch in Singapore. RBI approves the amalgamation of Bank of Rajasthan Ltd with ICICI Bank Ltd. First private sector Bank to inaugurate its 2000 Branch. ICICI Bank gets Qualified Full Banking privileges in Singapore 2011 ICICI Bank offers cash withdrawal at POS terminals ICICI Bank & Vodafone Essar ink pact for financial inclusion ICICI Bank & Aircel sign MoU for financial inclusion ICICI Bank & Indian Army sign MoU for banking services ICICI Bank and Intuit launch "Money Manager" ICICI Bank launches EMV Standard Cards ICICI Bank Limited Opens Second Retail Branch in Singapore ICICI Bank launches the first dual Platinum Credit Card ICICI Bank closes the first rupee Credit Default Swap transaction 2012 ICICI Bank launches 101 Gramin branches across 6 states to provide banking services in unbanked villages, as a part of its financial inclusion initiative. ICICI Bank opens its second branch in Hong Kong ICICI Bank rolls out 25 electronic branches and launches many next generation

banking solutions ICICI Bank was the first private sector bank in India to offer PPF account facility at all bank branches. Among the first banks to introduce account portability and also the only bank to offer portability on two additional channels - Internet Banking and Phone Banking. ICICI Bank launches first Electronic Toll Collection project on NH-1. A first of its kind project initiated by the Ministry of Road, Transport & Highways, National Highway Authority of India (NHAI) and ICICI Bank.

ICICI Bank receives approval from RBI to set up an Infrastructure Debt Fund. It is the first debt fund to get government's go ahead. ICICI Bank launches its official Facebook Page. First bank in India to offer oneof-its kind "Your Bank Account" App, which allows access to bank account information on Facebook. 2013 Ms. Chanda Kochhar, Managing Director and CEO, launched the ICICI Group Flag on January 8, 2013.

Milestone (KOTAK MAHINDRA)

Year Milestone

1986 Kotak Mahindra Finance Limited starts the activity of Bill Discounting

1987 Kotak Mahindra Finance Limited enters the Lease and Hire Purchase market

1990 The Auto Finance division is started

1991

The Investment Banking Division is started. Takes over FICOM, one of India's largest financial retail marketing networks

1992 Enters the Funds Syndication sector

Brokerage and Distribution businesses incorporated into a separate company 1995 Kotak Securities. Investment Banking division incorporated into a separate company - Kotak Mahindra Capital Company

The Auto Finance Business is hived off into a separate company -Kotak Mahindra Prime Limited (formerly known as Kotak Mahindra Primus Limited). Kotak 1996 Mahindra takes a significant stake in Ford Credit Kotak Mahindra Limited, for financing Ford vehicles. The launch of Matrix Information Services Limited marks the Group's entry into information distribution.

1998

Enters the mutual fund market with the launch of Kotak Mahindra Asset Management Company.

2000 Kotak Mahindra ties up with Old Mutual plc. for the Life Insurance business.

Kotak Securities launches its on-line broking site (now www.kotaksecurities.com). 2001 Commencement of private equity activity through setting up of Kotak Mahindra Venture Capital Fund.

2002 Matrix sold to Friday Corporation

2004 Launches Insurance Services

2005

Kotak Mahindra Finance Ltd. converts to a commercial bank - the first Indian company to do so.

2005 Launches India Growth Fund, a private equity fund.

Kotak Group realigns joint venture in Ford Credit; Buys Kotak Mahindra Prime 2005 (formerly known as Kotak Mahindra Primus Limited) and sells Ford credit Mahindra.

2005 Launches a real estate fund

2006

Bought the 25% stake held by Goldman Sachs in Kotak Mahindra Capital Company and Securities

2008 Launched a Pension Fund under the New Pension System

2009 Kotak Mahindra Bank Ltd. Opened a representative office in Dubai

Entered Ahmedabad Commodity Exchange as anchor investor Ahmedabad Derivatives and Commodities Exchange, a Kotak anchored enterprise, became operational as a national commodity exchange. Kotak Mahindra Bank Ltd entered into a Business Cooperation arrangement with CIMB Group Sdn Bhd, Malaysia.

2010

2011

OTHER INCOME TO TOTAL INCOME :Other income to total income reveals the proportionate share of other income in total income. Other income includes non-interest income and operating income. Total income includes interest income, non-interest income and operating income.

TABLE 1.4:-OTHER INCOME TO TOTAL INCOME IN SBI AND ICICI

(IN PERCENT) YEAR Kotak Mahindra ICICI

2007-08

16.10

22.38

2008-09

16

20.70

2009-10

17

22.09

2010-11

16

21.48

2011-12

11

19.07

MEAN

15.22

21.44

CGR

-31.6

-14.7

Stock Comparision of ICICI & Kotak Mahindra Banks

Current Valuations ICICI BANK KOTAK MAH. BANK

P/E (TTM) P/BV Dividend Yield

x x %

10.9 1.4 2.4

20.3 3.7 0.1

Financials

EQUITY SHARE DATA ICICI BANK KOTAK MAH. BANK Mar-13 High Low Rs Rs 1,214 782 389.1 83.3 Mar-12 585 403 114.4 24.7

Income per share (Unadj.) Rs Earnings (Unadj.) Cash flow per share per share Rs

(Unadj.) Dividends (Unadj.) Avg Dividend yield Book value (Unadj.) Shares outstanding (eoy) per share per share

Rs

357.2

111.5

Rs % Rs m

20.00 2.0 596.1 1,153.46

0.60 0.1 174.2 740.69

Bonus/Rights/Conversions Avg Price / Income ratio Avg P/E ratio Avg P/CF ratio x x x

ESOS 2.6 12.0 9.8 1.7 24.0 1,151,153 62.1 56,333

ESOP 4.3 20.0 18.9 2.8 2.4 365,901 22.0 16,015 3,850.2 728.0 832.9

Avg Price/Bookvalue ratio x Dividend payout Avg Mkt Cap No. of employees Total wages & salary Avg. income/employee Avg. wages/employee % Rs m `000 Rs m

Rs Th 7,231.9 Rs Th 907.6

Avg. net profit/employee Rs Th 1,547.3

INCOME DATA Interest income Other income Interest expense Net interest income Operating expense Gross profit Gross profit margin Rs m Rs m Rs m Rs m Rs m Rs m % 448,846 293,198 282,854 165,992 302,070 -136,078 -30.3 20,952 136,168 0 -5,263 0 34,869 96,036 21.4 84,704 45,434 45,420 39,284 57,166 -17,882 -21.1 987 26,911 0 -528 0 8,060 18,323 21.6 -

Provisions/contingencies Rs m Profit before tax Extraordinary Inc (Exp) Minority Interest Prior Period Items Tax Profit after tax Net profit margin Rs m Rs m Rs m Rs m Rs m Rs m %

BALANCE SHEET DATA Advances Deposits Credit/Deposit ratio Yield on advances Cost of deposits Net Interest Margin Net fixed assets Share capital Free reserves Net worth Rs m Rs m x % % % Rs m Rs m Rs m Rs m 3,299,741 3,147,705 104.8 9.0 5.6 2.6 54,735 11,536 477,935 687,624 531,436 364,607 145.8 12.3 6.5 4.4 6,119 3,703 108,788 129,010

Borrowings Investments Total assets Debt/equity ratio Return on assets Return on equity Capital adequacy ratio Net NPAs

Rs m Rs m Rs m x % % % %

1,728,882 2,556,667 6,748,217 7.1 1.4 14.0 18.7 0.8

291,947 316,584 923,494 5.1 2.0 14.2 17.9 0.6

CASH FLOW From Operations From Investments From Financial Activity Net Cash flow Rs m Rs m Rs m Rs m 174,940 -191,478 92,832 76,294 -11,826 -1,976 19,618 5,816

Share Holding Indian Promoters Foreign collaborators Indian inst/Mutual Fund FIIs ADR/GDR Free float Shareholders Pledged holding promoter(s) % % % % % % % 0.0 0.0 26.6 35.9 26.9 10.6 709,083 0.0 45.3 0.0 4.7 28.2 0.1 21.7 78,988 0.0 -

COMPITITOR

Name

Last Price

Market (Rs. cr.)

Cap. Net Income

Interest Net Profit

Total Assets

HDFC Bank ICICI Bank Kotak Mahindra Axis Bank IndusInd Bank Yes Bank ING Vysya Bank JK Bank Federal Bank Karur Vysya South Ind Bk StanChart IDR City Union Bank Karnataka Bank DCB Lakshmi Vilas Dhanlaxmi Bank Goldman BEES

589.50 826.60 627.00 864.30 381.05 252.95 429.35 1,080.50 248.05 310.45 19.75 128.75 39.85 78.90 42.20 61.55 30.15 2,920.95

140,852.66 95,412.83 48,121.01 40,537.74 19,966.96 9,110.83 8,017.05 5,238.03 4,243.38 3,327.44 2,647.14 2,317.50 1,890.67 1,486.16 1,055.87 600.36 319.77 299.70

35,064.87 40,075.60 8,042.49 27,182.57 6,983.23 8,294.00 4,861.58 6,136.79 6,167.57 4,242.43 4,434.29 2,188.75 3,764.29 916.10 1,760.55 1,308.00 -

6,726.28 8,325.47 1,360.72 5,179.43 1,061.18 1,300.68 612.96 1,055.10 838.17 550.32 502.27 322.02 348.08 102.06 91.57 2.62 -

400,331.90 536,794.69 83,693.68 340,560.66 73,306.52 99,104.12 54,836.45 71,743.32 60,626.78 46,733.35 49,795.04 121,685.51 22,977.09 41,526.38 11,278.84 17,666.69 13,819.49 -

Note -In above chart we can seen, there is a compition among the banks. But ICICI & Kotak Mahindra Bank are respectively listed in (Rank: - 2 & 3) position 2nd and 3rd. ICICI Direct Vs Kotak Securities Share Broker Comparison

ICICI Securities

Kotak Securities

Mahindra

About Broker

the ICICIdirect is an online trading and Incorporated in 1994, Kotak investment platform on ICICI Securities, Securities is a full services the largest stock broker firm in India broker part of popular India providing a wide range of investment based Kotak Mahindra

options to the retail and institutional Bank. The bank has over customers. ICICI Securities is part of 1400 branches across India ICICI Group, India's top financial servicing more than 8 lakh

service provider offering banking and customers. other financial services. Kotak Securities Limited is ICICI Securities (I-Sec) is the top equity among the largest

house in India with over 20 lakh traditional broker in India customers. ICICIDirect.com is the providing wide range of

flagship website of I-Sec. This website investment options to its was the first online trading platform customers lunched in India to provide browser Trading in including Equity &

based equity, commodity and currency Derivatives, Investment in trading; all under one login. ICICIdirect.com is the most visited IPO's, Mutual Funds, Fixed Deposits, Bonds and many more share market related investment products. investment portal in India and by NRI's living across countries. It is one website which provides options to invest in over Kotak Sec is the member of 20 financial products including Equity, BSE and NSE, the popular Derivatives, Currency Futures, IPO, stock exchanges in India. Mutual Funds, ETF, Fixed Deposits, Company provides stock Loans, Tax Services, New Pension trading facilities though

Systems and Insurance. ICICI direct also provide current stock market information which includes stock prices, news, market research reports, stocks tips, events, IPO News and

many

ways

including

trading terminal, website, mobile application, trading though branches and call & trade.

company results. Its 'Centre for Financial Like other tradition brokers Learning' initiative offers number of in India, Kotak offers

online and classroom programs for facility of Margin Finance, investors. The 3-in-1 account, which includes ICICI Bank Account, ICICI Direct Trading Account and ICICI Demat Account, is the best offering for retail investors in India as it provides easiest way to invest in stock market and other Kotak Security is also the financial instruments. The customers can member of National visit any of the over 1500 ICICI Bank branches to get help on financial products which are sold through ICICI direct. Securities Depository Limited (NSDL) and Margin against Securities, Fundamental and Technical analysis, Research Reports & Tips, SMS alerts and Portfolio Management

Services (PMS).

Central Depository Services Limited (CDSL) and

provides its own depository services to the customers. The 3-in-1 account is the key offering of Kotak Trinity

Securities.

The

Account [3 in 1 Account] offers the combination of broker account account, and a bank demat

account. All these accounts

are linked together and work seamlessly to make stock market investment

very easy.

Type Broker

of Full Service Broker Full Service Broker

Supported Exchange Account Type

BSE, NSE, MCX

BSE, NSE, MCX-SX

3-in-1 Account (I-Secure Plan)

Kotak Gateway - Fixed Brokerage

Trading Account Opening Fees Trading Account AMC Demat Account Opening Fees Demat Account AMC

Rs 975

Rs 750

NIL

NIL

NIL

NIL

Rs 450

Rs 600

CM Segment - 0.55% Cash Delivery CM Segment - 0.275% Cash Intraday Margin Trading F&O Segment 0.05% - 0.03% - Futures F&O Segment Rs 95 - Rs 65 per lot - Options 0.05% - 0.03%

0.49%

0.049%

0.049%

Rs 100

ICICI
Attribute PE ratio EPS (Rs) Sales (Rs corer) Face Value (Rs) Value 11.14 72.17 Date 30/08/13 Mar, 13 Attribute PE ratio EPS (Rs)

KOTAK

Value 36.16 18.23

Date 30/08/13 Mar, 13

10,420.68 Jun, 13 10 Mar, 13

Sales (Rs corer) Face Value (Rs) Net profit margin (%) Last bonus Last dividend (%) Return on average

2,190.01 Jun, 13 5 14.78 3:2 14 Mar, 13 07/06/13 02/05/13

Net profit margin (%) 17.19 Last bonus Last dividend (%) Return equity on average 12.48 200

26/04/13

Mar, 13

equity

14.37

Mar, 13

AWARDS
ICICI 2004

Best Bank in India Award presented by Euromoney Magazine 2007

ICICI Bank has been conferred the Euromoney Award 2007 for the Best Bank in the Asia-Pacific Region

ICICI Bank wins the Excellence in Remittance Business award by The Asian Banker 2009

ICICI Bank bags the "Best bank in SME financing (Private Sector)" at the Dun & Bradstreet Banking awards 2011

ICICI Bank is the only Indian brand to figure in the BrandZ Top 100 Most Valuable Global Brands Report, second year in a row

ICICI Bank ranked 5th in the list of "57 Indian Companies", and 288 th in World Rankings in Forbes Global 2000 list.

ICICI Bank has won the "Banking Technology Awards 2010" at The Indian Banks Association in the following categories

ICICI Bank was recognised for its Special Citation of the Fully Electronic Branch Service Channel, first set up at Hiranandani Estate, Thane, at the Financial Insights Innovation Awards held in conjunction with Asian Financial Services Congress

For the second year in a row, ICICI Bank was ranked 70th in the Brandirectory league tables of the worlds most valuable brands by, The BrandFinance Banking 500

ICICI Bank was ranked 1st in the Banking and Finance category and 9th in the "2010 Best Companies To Work For" by Business Today

ICICI Bank UK, HiSAVE product range has been awarded the Consumer Moneyfacts Awards 2011 for the 'Best Online Savings Provider'

For the second consecutive year, ICICI Bank was ranked second in the "India's 50 Biggest Financial Companies", in The BW REAL 500 by Business World

ICICI Bank was one of the winners in the Global Awards for Enterprise & IT Architecture Excellence. ICICI Bank bagged the award in the Business Intelligence and Analytics' category.

The Brand Trust Report ranks ICICI among the top 4 most trusted financial institutions. ICICI Bank awarded "House Of The Year (India)", by Asia Risk magazine, for eighth time in a row since 2004

ICICI Bank awarded the most Tech-friendly Bank award by Business World ICICI Bank received the Best Trade Finance Bank in India by The Asset Triple A Award, Hong Kong

ICICI Bank is the first and the only Indian brand to be ranked as the 45th most valuable global brand by BrandZ Top 100 Global Brands Report 2012

Airtel, ICICI among 'top 100 global brands' ICICI Bank won the "Best Bond House (India) 2011", by IFR Asia ICICI Bank awarded the Best Bank (India) by Global Finance ICICI Bank won the "Century International Quality Era Award" at Geneva ICICI Bank was awarded the "Best Foreign Exchange Bank (India)" by Finance Asia Country Awards.

ICICI Bank received the "Dataquest Technology Innovation Awards 2012" for Data centre migration by Dataquest.

ICICI Bank was conferred the Best Performance Award for Self Help Group (SHG) Bank Linkage Programme in NABARD's State Level Awards announced by their Maharashtra Regional Office. The Bank received the first prize for the year 2010-11 in the Private Sector Bank category and 2nd runner up for the year 2011-12 in the Commercial Bank category.

For the second consecutive year, ICICI Bank won the NPCI's NFS Operational Excellence Awards in the MNC and Private Sector Banks Category for its ATM network.

Mr.K.V.Kamath was awarded the "Hall Of Fame" by Outlook Money for his long standing contribution in the financial services sector.

ICICI Bank won the Best Bank - India Award by The Banker.

Ms. Chanda Kochhar ranked 18th in the Fortune's list of '2012 Businesspersons of the Year'. The 50 global leaders is Fortune's annual ranking of leaders who are "the best in business".

Ms. Chanda Kochhar tops the list of "50 Most Powerful Women in Business" by Fortune India.

ICICI Bank tops the list of "Private sector and Foreign Banks" by Brand Equity, Most Trusted Brands 2012. It ranks 15th in the "Top Service 50 Brands".

For the third consecutive year, ICICI Bank ranked second in "India's 50 Biggest Financial Companies" in The BW Real 500 by Businessworld.

For the second year in a row, Ms. Chanda Kochhar, Managing Director & CEO was ranked 5th in the International list of 50 Most Powerful Women In Business by Fortune.

ICICI Bank tops the list of most fans in India and globally ranks fifth amongst financial institutions on Facebook in the social media engagement study conducted by Ketchum Sampark.

ICICI Bank in the Private Sector Bank category won the Best Technology Bank Of The Year, Best Financial Inclusion Initiative and Best Use Of Technology In Training and eLearning by Indian Bank's Association (IBA) Technology Awards. The Bank also received the first runner up for Best Online Bank, Best Customer Relationship Initiative and Best Use Of Mobility Technology in Banking by IBA Technology Awards.

ICICI Bank awarded the Best SME Bank for Treasury and Working Capital (India) by The Asset Triple A.

ICICI Bank received the Best Trade Finance House and Best Cash Management House by The Corporate Treasurer Alliance Country Awards.

ICICI Bank awarded the Best Private Sector Bank in Global Business Development, Rural Reach and SME financing categories by Dun & Bradstreet - Polaris Financial Technology Banking Awards. 2013

ICICI Bank awarded the Most Admired Infrastructure Debt Financer and PPP Project of the Year: Yamuna Expressway Project, in the 5th KPMG Infrastructure Today Awards by ASAPP Media Information Group

ICICI Bank Limited has been conferred the Best Remittance Business award at The Asian Banker's International Excellence in Retail Financial Services 2013 Awards ceremony.

ICICI Bank was honored with the Medici Innovation Hall of Fame Award, instituted by The Medici Institute in collaboration with the Medici Group, USA.

ICICI Bank and its IT partner Fundtech won The Asian Banker Technology Implementation Award for the Convergence Banking project from Asian Banker.

Ms. Chanda Kochhar, MD & CEO, was ranked as the most powerful business woman in India in Forbes' list of 'The World's 100 Most Powerful Women 2013'.

Ms. Chanda Kochhar, MD & CEO was also featured in the Power List 2013 of 25 most powerful women in Inda by India Today, for the third year in a row.

AWARD
KOTAK MAHINDRA

Mr. Uday Kotak, Executive Vice Chairman and Managing Director Kotak Mahindra Bank received the Special Award for his contribution in the growth of India's equity markets, at India's Best Market Analyst Awards 2012 by Zee Business from Hon'ble Finance Minister Shri Pranab Mukherjee. ACAI Award Kotak Mahindra Bank won the Silver Shield at the 'ICAI Awards for Excellence in Financial Reporting' for the year 2011-12 under the Category II: Private Sector Banks (including Co-operative Banks & Foreign Banks) Asiamoney Best Local Cash Management Bank In India, as voted by corporates for small companies (turnover < US$ 100 Mn) by Asiamoney in 2012 Aon Hewitt-Mint study Kotak Mahindra Bank's Board has been adjudged as the 'Best Managed Board' in the Aon Hewitt-Mint study of 2012 Asian E-payment Awards Kotak Mahindra Bank won the Asian E-payment Awards for the following categories at the Asian Leadership Awards

Best E-Payment Bank Award Best Online Payment Platform Award E-Payment Market Leadership awarded to Mr. Tushar Trivedi from Kotak Mahindra Bank Ltd. Kotak Mahindra Bank continues to be rated amongst the Top 25 Best Employers in India for 3 consecutive studies conducted since 2007 by Aon Hewitt Banking & Payments Asia Trailblazer Awards Kotak Mahindra Bank's NRI Banking won the following 2 awards at the Banking & Payments Asia Trailblazer Awards 2013

Click2Remit: Winner in Product Excellence, in the P2P Product Category

Privy League for NRIs: Winner in Service Excellence, in the Mass Affluent Banking Category Best Bank Award Mr. Dipak Gupta, Joint Managing Director, Kotak Mahindra Bank received the 'Best Bank Award' under new private sector bank category (Runner-up) at the Financial Express Awards from Hon'ble Minister for Commerce and Industry Mr. Anand Sharma. Best Banker Award The New Indian Express Group conferred Mr. Uday Kotak with the Runner-Up award for 'Best Banker -Growth and Expansion' at The Sunday Standard FINWIZ 2012 Best Bankers' Awards 2012 CNBC TV18 Kotak Mahindra Bank received the award for Innovative Use of Data Storage at the 'India Innovation Award 2013' by CNBC TV18 from Hon'ble Minister of State for IT and Communication Mr. Milind Murli Deora. Won the Celent Model Bank Award for its core banking implementation in the category of Infrastructure & Architecture Forbes Asia's 'FAB 50' Kotak Mahindra Bank has made it to Forbes Asia's 'FAB 50' list in 2012, for the 3rd consecutive year1 IT Transformer's Award Kotak Mahindra Bank won the IT Transformer's Award at The EMC Transformers Awards 2012 LACP Vision Awards The Kotak Annual Report 2011-12 won 4 awards at the LACP Vision Awards, USA.

Gold Award- Best in the Banking Category Bronze Award - Most Creative Report, APAC Ranked No. 30 - Among the top 50 Reports, APAC Among the Top 10 Indian Reports MasterCard Innovation Awards Kotak Mahindra Bank's credit card business' customer reference program won the award under the 'Customer Acquisition Program Category' at the MasterCard Innovation Awards

Kotak Mahindra Bank was awarded the 'Company with 2nd Highest Employee Contribution (Corporate Challenge Category)' in the 10th edition of Standard Chartered Mumbai Marathon 2013. Also, Ms. Shanti Ekambaram, President - Corporate & Investment Banking won the award for Highest Fund Raiser (Corporate Challenge Category).

Kotak Mahindra Bank continues to be rated amongst the Top 10 in Top Companies for Leaders To Work, in Asia Pacific in a Study conducted by RBL Group, Aon Hewitt and Fortune in 2011 Security in Bank award Kotak Mahindra Bank won the Security in Bank award by Data Security Council of India (DSCI) at the DSCI Excellence Awards 2012 Silver Effie Kotak Mahindra Bank's 6% campaign featuring Subbu won the Silver Effie - a prestigious advertising effectiveness award in the financial services category. Straight-Through Processing (STP) Award Kotak Mahindra Bank's Trade Finance Division was awarded the Straight-Through Processing (STP) Award for Excellence in Quality of Payment Messages Trade & Forfaiting Review (TFR) Awards Won Gold award at the Trade & Forfaiting Review (TFR) Awards 2012 under the category Best Local Trade Bank in India

CFO India magazine has recognized Mr. R. Krishnan from Kotak Mahindra Asset Management Company Ltd., Mr. Naozad Sirwalla from Kotak Investment Advisors Ltd, Mr. Devang Gheewalla and Mr. Himanshu Vasa from Kotak Mahindra Bank Ltd. as finance professionals who will stand out as CFOs in the years to come .

Kotak Mahindra Bank was awarded Fastest Base24 to Electra Switch migration by OPUS

KOTAK INVESTMENT BANKING

FinanceAsia Best Investment Bank in India, 2012 FinanceAsia Best Equity House in India, 2012 Corporate INTL Global Awards Awarded Securities Advisory Firm of the Year in India, 2012 ACQ Global Awards Investment Bank of the Year in India award, 2012 Businessworld India's Best Dealmakers Dealmaker of the year for Qualified Institutional Placements, 2012 Businessworld India's Best Dealmakers Deal of the year for the M&M Financial Services QIP, 2012 Asset Asian Awards Awarded Best Domestic Investment Bank, 2012

KOTAK INSTITUTIONAL EQUITIES

FinanceAsia Best Brokerage in India, 2012 All-India Research Team survey Ranked #1 on a weighted formula basis in Institutional Investor's All-India Research Team survey - 2012 Wall Street Journal survey KIE analysts ranked #1 in financial services; #3 in the media sector in the Wall Street Journal survey of Asia's best analysts - 2012 Asiamoney Brokers Poll Best Local Brokerage in the Asiamoney Brokers Poll - 2012

Ranked #2 for Best Overall Country Research amongst all domestic and foreign brokerages

Ranked #2 for Best Execution amongst all domestic and foreign brokerages Ranked #3 for Best in Sales Trading amongst all domestic and foreign brokerages

KOTAK WEALTH MANAGEMENT

Euromoney Private Banking Survey Winner in multiple categories by Euromoney Private Banking Survey 2013:

Best Private Banking Services Overall - India Private Banking Services Overall, Globally - Among Top 25 Private Banking Services Overall, Asia - Among Top 10 Best Family Office Services Provider, India Second Best Family Office Services Provider, Asia FinanceAsia Country Awards Best Fastest growing Equity Broking House, 2012 (Note: This was under the category Large Size Firms)

KOTAK LIFE INSURANCE

DMA Bronze award Awarded Campaign India DMA Bronze award 2012 in the Social Media apps category for the Clone Me app - Mere Jaisa Koi.

KOTAK AMC
Lipper Fund Award Kotak Bond Regular Plan Growth - 'Best Fund over 10 years Bond Indian Rupee', 2012 Outlook Money awards Best Debt Fund House, 2012 Private Bank, 2012 World Finance Banking Awards Best Private Bank, 2012 South Asia - Private Banker International Global Wealth Awards Outstanding Private Bank, 2012

KOTAK SECURITIES
BSE IPF - D&B Equity Broking Awards

RATIO OF TWO BANK

Ratio

ICICI March-2013

KOTAK MAHINDRA March-2013 18.23 0.70 126.53 6.77 25.41 0.57 40.00

Earnings Per Share (Rs) DPS(Rs) Book NAV/Share(Rs) Cost of Liabilities Net Profit Growth Current Ratio(x) Quick Ratio(x)

72.17 20.00 578.22 5.98 28.77 0.59 49.67