Final

Opportunity Screening- FS Deal
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[year] [legal member firm name], a [jurisdiction] [legal structure] and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (KPMG International), a Swiss entity. All rights reserved.
Banking
Potential assets for sale Profiles
Banking sector: Potential assets for sale

Asset Activity Theme Particulars Financial Indicators Market Cap (if listed)
City Union Bank
Consolidation/ Acquisition Consolidation/ Fund raising Consolidation/ Acquisition
DCB ING Vysya Bank
Indusind bank Karnataka Bank Consolidation/ Fund raising Consolidation/ Acquisition
Yes Bank South Indian Bank Tamilnad mercantile bank Dhanalakshmi Bank Axis bank Federal Bank
BASEL III/ Fund raising
BASEL III / Fund raising
Fund raising Consolidation/ Fund raising

3
1. City Union Bank Ltd
Business overview
Strong Presence in South
The oldest private sector bank in the country having 100 + years of operations. Future plans for expansion of branch network to 500 branches in the next 3 years. Its business includes Retail banking, Corporate banking , Foreign exchange and Capital markets. Market Cap: 18.97 INR billion - 04/07/11
A network of 250 branches of which 218 branches are located in South India and 157 in Tamil Nadu alone State Tamil Nadu Andhra Pradesh Karnataka Maharashtra Kerela Gujrat Others Total
Advances 12Rs Bn 10 8 6 4 2
No of branches 157 31 20 12 10 6 14 250
Shareholding Pattern as on 31th March 2011
Sources: Company Website 0 [year] [legal member firm name], a [jurisdiction] [legal structure] and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (KPMG International), a Swiss entity. All rights reserved.
Financial Performance
INR Billion Total Income Net interest income Operating expenses Profit After tax Deposits Advances Total Balance sheet size Gross NPA Net NPA FY09 9.28 2.42 1.39 1.22 82.07 56.86 92.5 1.8 1.08 FY10 9.56 2.78 1.65 1.52 102.84 68.9 115.5 1.36 0.58 FY11 12.18 4.2 2.16 2.15 129.14
93.2 145.9 1.21 0.52
Sources: Company Website [year] [legal member firm name], a [jurisdiction] [legal structure] and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (KPMG International), a Swiss entity. All rights reserved.
%(Except otherwise stated)
FY09
FY10
FY11
CAR Net interest margin Yield on advances Cost of deposits Return on Equity Return on Assets Cost to income ratio
12.49 2.98 13.46 7.98 18.47 1.3 38.1
13.46 3.15 13.04 7.73 20.55 1.52 39.33
12.75 3.64 12.47 6.94 23.47 1.67 37.48
2.Development Credit Bank
Business overview
Strong Presence in West
Development Credit Bank Ltd (DCB is a modern emerging new generation private sector bank. Present since 1930s, DCB is the only co-operative bank in India to have been converted into a private sector commercial bank in 1995. Business model focused on achieving a balance between Retail Mortgages, Micro SME(MSME), SME, Agri/Microfinance and mid-Corporate. Its broad line of business includes Personal banking( forex services , life insurance ,etc ), Treasury and Corporate banking, SME banking and Privilege banking. Market Cap: 12.11 INR billion - 04/07/11
State Goa Gujarat Maharashtra Andra Pradesh Haryana Karnataka New Delhi Rajasthan Tamil Nadu West Bengal Total
Advances Rs Bn
No of branches 4 14 35 10 1 4 6 1 2 3 80
12 10 8 6 4 2 0
INR Billion Total Income Net interest income Other income Operating expenses Operating Profit Profit After tax Deposits Advances Gross NPA Net NPA 1.8 1.62 -2.4 0.75 -0.88 46.4 32.7 11.05 4.35 1.42 1.07 -2 0.48 -0.78 47.8 34.5 8.69 3.11 1.89 1.12 -2.1 0.86 0.21 56.1 42.7 5.86 0.97 FY09 FY10 FY11
%(Except otherwise stated) CAR Net interest margin Yield on advances Cost of deposits Return on Equity Return on Assets Cost to income ratio CASA FY09 13.3 2.96 13.58 7.51 -16.44 -1.5 76.27 31.01 FY10 14.85 2.79 12.33 6.44 -14.15 -1.3 80.62 35.36 FY11 13.26 3.13 11.12 5.83 3.8 0.3 71.43 35.21
3.ING Vysya Bank Ltd
Business overview
Presence
ING Vysya Bank is a banking franchise with 8 decades of experience. Its business activities include Personal banking ( loans, forex, wealth management, cards, preferred banking ,etc) , Business (SME business, agri and rural banking, wholesale banking and financial markets ) and Private banking which provides solutions to HNI and similar entities. Market Cap: 46.69 INR billion - 04/07/11
Break - up of 938 outlets Particulars Branches ECs Satellite office No 510 13 28 400
ATM
Advances Rs Bn 12 10 8 6 4 2 0
10
INR Billion Total Income Net interest income Fee income Operating expenses Operating Profit Profit After tax Deposits Advances Total Balance sheet size Gross NPA Net NPA FY09 11.97 6.4 5.4 7.72 4.2 1.8 248.89 168.63 319 1.86 1.2 FY10 14.5 8.2 5.8 8 6.1 2.4 258.65 188.32 339 2.96 1.2 FY11 16.6 10.06 6.5 10.2 6.3 3.1 301.94 240.6 390 2.3 0.39
11
%(Except otherwise stated) CAR Net interest margin Yield on advances Cost of deposits Return on Equity Return on Assets Cost to income ratio CASA
FY09 11.68 2.2 11.48 6.83 0.7 11.62 64.52 27
FY10 14.91 3.21 10.53 5.33 11.81 0.8 55.73 32.58
FY11 12.98 3.25 10.05 5.25 12.83 0.89 61.75 34.64
12
4.Indusind Bank Ltd

Business overview
Presence
IndusInd Bank is one of the new generation private-sector banks in India, which commenced its operations in 1994. The bank is promoted by the Hinduja Group Following the integration in 2003 of Ashok Leyland Finance Ltd, the merged entity has emerged as one of largest new private sector banks in India. Its broad lines of business include Corporate Banking, Retail Banking, Treasury and Foreign Exchange, Investment Banking, Capital Markets, Non-Resident Indian (NRI) / High Networth Individual (HNI) Banking. Market Cap: 131.49 INR million - 04/07/11
Shareholding Pattern as on 31th March 2011 12 10 8 6 4 2
Year
FY08
FY09
FY10
FY11
Branch network
180
180
210
300
ATM's
336
356
497
594
Advances Rs Bn
Sources: Company Website 0 [year] [legal member firm name], a [jurisdiction] [legal structure] and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (KPMG International), a Swiss entity. All rights reserved.
13
INR Billion Total Income Net interest income Fee income Operating expenses Operating Profit Profit After tax Capital Deposits Advances Total Balance sheet size Tier 1 capital Gross NPA Net NPA FY08 21.8 3 2.2 4 1.96 0.8 3.2 190 128 232.6 10.7 3.9 2.9 FY09 27.6 4.6 3.2 5.5 3.7 1.5 3.5 221 158 276.1 14.3 2.5 1.8 FY10 32.6 8.9 4.3 7.4 7 3.5 4.1 267 206 353.7 21.4 2.5 1.01 FY11 43.03 13.7 6.29 10.08 10.81 5.77 4.6 343 261 456.3 37.7 1.01 0.28
14
%(Except otherwise stated) CAR Net interest margin Yield on advances Cost of deposits Return on Equity Return on Assets Price/Book value Cost to income ratio PE Ratio CASA
FY08 11.91 1.4 11.8 7.8 6.8 0.34 34.7 67.2 35.1 15.7
FY09 12.55 1.8 13.2 8.2 11.69 0.6 40.25 59.8 8.2 19.2
FY10 15.33 2.88 12.6 6.8 19.49 1.14 52.8 51.1 20.7 23.7
FY11 15.89 3.47 12.36 6.3 19.27 1.46
48.25
27.27
15
5.Karnataka Bank Ltd

Business overview Strong Presence in South India with 360+ branches 12
Incorporated in 1924, Karnataka Bank is one of the oldest private sector Banks. It has 87 years of banking history. 10 Offers wide variety of corporate and retail banking products and services to over 5 million customers. Business includes Personal banking, Mutual funds, Demat 8 services, Insurance services, NRI services, etc. Forayed into General Insurance business as a JV partner in 6 Universal Sompo General Insurance Company Limited Specialized branches for Forex, Industrial and 4 Agriculture finance business. Expanding network in northern India in the recent past. 2 Market Cap: 24.74 INR billion - 04/07/11
0 Advances Rs Bn
Mar-09
Mar-10
Mar-11
12 10 8 6 4 2
Mar-09
Mar-10
Mar-11
16
INR Billion Total Income Net interest income Fee income Operating expenses Operating Profit Profit After tax Deposits Advances Total Balance sheet size Gross NPA Net NPA FY09 8.27 4.74 1.62 3.47 4.8 2.6 203.33 118.10 228.57 3.66 0.98 FY10 6.47 2.68 1.97 3.86 2.61 1.6 237.31 144.36 270.35 3.73 1.31 FY11 9.04 6.12 2.47 5.49 3.55 2.04 273.36 173.48 316.93 3.97 1.62
17
%(Except otherwise stated) CAR Net interest margin Yield on advances Cost of deposits Return on Equity Return on Assets Credit deposit ratio CASA
FY09 13.48 2.22 12.11 7.66 18.1 1.25 58.1 20
FY10 12.37 1.07 11.25 7.69 9.83 0.67 60.8 23.3
FY11 13.33 2.15 11.08 6.87 9.6 0.72 63.5 24.9
18
6.Yes Bank Ltd

Business overview Strong Presence in South India with 360+ branches
Incorporated in 2004, Yes Bank is a new-generation, private-sector bank and has the distinction of obtaining RBI's only Greenfield banking license in the last decade Key products and services include Transaction banking, Financial markets, Corporate finance, Investment banking and Wealth management. Primarily wholesale-funded with small CASA base, and caters to large & mid corporate clients, SMEs and high net worth individuals. Building retail clientele base, focusing on developing retail liability products. Market Cap: 110.91 INR billion - 04/07/11
214 Branches across key liability corridors Mapped locations for expansion to 750 by March 2015 . Initial focus on North & West Regions (Liability rich corridors) .
12 10 8 6 4
2 0 12 10 8 6 4 2 0 Advances Rs Bn
Mar-08
Mar-09
Mar-10
Mar-11
19
INR Billion Total Income Net interest income Operating expenses Operating Profit Profit After tax Deposits Advances Total Balance sheet size Tier 1 capital Gross NPA Net NPA
FY09 24.38 5.09 4.19 5.62 2 161.69 124.03 229 30.7 0.68 0.33
FY10 29.45 7.88 5 8.63 3.04 268 221.93 364 52.6 0.27 0.06
FY11 46.66 12.46 6.8 11.9 4.78 458 343.63 590 71.2 0.23 0.03
20
FY09 16.63 2.9 12.9 9 20.9 1.5 42.7 8.74
FY10 20.6 3.1 10.8 6.9 23.7 1.6 36.7 10.5
FY11 16.5 2.9
21.1 1.5 36.30% 10.3
21
7. South Indian Bank Ltd

Business overview
South Indian Bank (SIB) is one of the oldest banks in South
Strong Presence in South India
India, originally established in Thrissur, Kerala in 1929.

Its business line includes Personal banking ( Mutual funds,
It currently has 647 branches and ATMs set up at 489 centers. Plans to reach 750 branches by 2015. Year Mar-08 Mar-09 Mar-10 Mar-11 Branches added 25 30 50 61
Insurance , Money transfers ,etc ), NRI banking and Business banking.

The bank has been offering a wide range of products and
services to corporate, SME and retail customers through a variety of delivery channels.
Market Cap: 27.06 INR billion - 04/07/11
Shareholding Pattern as on 31th March 2011 12 10 8 6 4 2 0

Advances Rs Bn
22
INR Billion Total Income Operating expenses Operating Profit Profit After tax Capital Deposits Advances Total Balance sheet size Gross NPA Net NPA FY09 18.5 0.71 14.7 1.9 1.1 180.9 121 203.7 2.18 1.13 FY10 21.9 0.85 17.5 2.3 1.1 230.1 161 255.3 1.32 0.39 1.11 0.29 2.9 1.4 297 207 FY11 26.43
23
%(Except otherwise stated) CAR Net interest margin Yield on advances Cost of deposits Return on Equity Return on Assets Cost to income ratio CASA FY09 14.8 3.17 11.7 7.26 14.9 1.1 48 24 FY10 15.4 2.77 11.1 6.93 15.7 1.1 47 23.1 FY11 14 3.06 10.9 6.57 15.9 1.1 47 21.55
24
8. Tamilnad Mercantile Bank Ltd

Business overview Presence
Tamilnad Mercantile Bank Ltd [TMB] is a premier old Private Sector Scheduled Commercial Bank having Head Quarters in the south of Tamilnadu. The Bank has a long cherished history of 90 years of successful banking. Business includes Deposit scheme, NRI scheme, Retail and Business loan, International banking and Services. Plans to introduce mobile banking ( cash as well as transfer ) and retailing of gold coins through tie-ups.
At present, the bank is having 235 branches, 185 Automated Teller Machines, 2 Mobile Branch Banking units and 7 Regional Offices. Spread over 11 states and 3 Union Territories TMB serves its more than 2.8 million delighted customers. It plans to increase the branch network to 300 by adding 65 new branches and to increase the ATM network to 300 by adding 115 new ATM centres by FY 2012.
Advances Rs Bn
25
INR Billion Total Income Net interest income Other income Operating Profit Profit After tax Deposits Advances Gross NPA Net NPA 2.65 1.5 95.66 65.71 1.81 0.34 FY09 FY10 12.91 3.74 1.72 3.15 1.84 116.39 82.88 1.37 0.24 FY11 15.59 5.43 1.88 4.34 2.5 138.08 108.71 1.3 0.27
26
%(Except otherwise stated)
FY09
FY10
FY11
CAR Net interest margin Return on Equity Return on Assets Cost to income ratio CASA
16.05
15.54 3.57
15.13 4.25
16.27 1.51 43.5 21.44
17.27 1.54 42.29 24.52 1.74
27
9.Dhanlaxmi Bank
Presence Business overview
Incorporated in the year 1927 Dhanlaxmi bank has a banking history of over 84 years. It has a broad customer base of 1.6 million customers as of 31at March 2011. Its business line includes Retail loans , Wholesale banking, Trade and Advance group/ Microfinance and agriculture, Third party products( Mutual funds, Forex, Depository, Insurance ), Payment services , etc. Market Cap: 10.03 INR billion - 04/07/11
12 10 8 6 4
Advances Rs Bn
Investment limits for FII and NRIs are 49% and 24% respectively.
2 0
28
INR Billion Total Income Net interest income Operating expenses Profit After tax Capital Deposits Advances Total Balance sheet size Gross NPA Net NPA FY09 2.01 1.21 1.13 5.75 0.64 50.71 34.89 56.43 1.99 0.88 FY10 2.32 1.4 1.92 2.33 0.64 70.98 50.06 80.87 1.54 0.84 FY11 4.11 2.65 3.44 2.61 0.85 125.3 90.65 142.68 0.74 0.3
29
FY09 14.14 2.97 11.7 7.03 20.44 1.21 56.26 24
FY10 12.99 2.45 10.53 6.71 5.3 0.35 83.29 21.9
FY11 11.8 3 11.2 6.9 3.6 0.23 83.63 22.9
30
10.Axis Bank Ltd

Presence Business overview
Axis bank was the first of the new private banks to be established in 1994, after GOI allowed new private banks to be established. Its business line broadly includes Personal banking, Corporate banking ,NRI facilities, Agri and Rural banking ( agri business , microfinance , financial inclusion ) and Priority banking. Market Cap: 549.05 INR billion - 04/07/11
The bank has a large network of more than 1390 branches( including 169 service centers) and 6270 ATMs providing 24 hrs banking convenience to its customers. Over 6 lacs credit cards in force till 31st Mar 2011. It has travel currency cards in 11 currencies.
12 10 8 6
BRANCHES
4 2 0 12 10 8 6 4 2 0 Advances Rs Bn
MAR 08 MAR 09 MAR 10 MAR 11
31
INR Billion Total Income Net interest income Fee income Operating expenses Operating Profit Profit After tax Deposits Advances Total Balance sheet size Net NPA FY09 137.32 36.86 24.47 28.58 37.24 18.15 1173.74 815.56 1477.22 0.35 FY10 155.83 50.04 29.25 37.09 52.4 25.15 1413 1043.4 1806.47 0.36 FY11 197.86 65.63 37.9 47.79 64.15 33.88 1892.38 1424.07 2427.13 0.26
32
%(Except otherwise stated) CAR Net interest margin Return on Equity Return on Assets FY09 13.69 3.33 19.93 1.44 FY10 15.8 3.75 19.89 1.67 FY11 12.65 3.65 20.13 1.68
33
11.Fedral Bank
The history of Fedral bank dates back to pre-independence era. It was then known as Travancore Fedral bank which changed to Fedral bank in 1947. Its business line includes Personal banking, NRI schemes, SMEbusiness and Corporate banking. Market Cap: 78.05 INR billion - 04/07/11
743 branches spread across 24 states Presence across various geographies - 111 branches in metros, 165 in urban centres, 346 in semi-urban centres and 121 in rural areas 803 ATMs across 108 metro centres, 224 urban centres, 384 semi-urban locations and 87 rural areas Retail and SME hubs established across major centres in India for faster processing of loans and advances
Advances Rs Bn
MAR 08
MAR 09
MAR 34
10 Sources: Company Website [year] [legal member firm name], a [jurisdiction] [legal structure] and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (KPMG International), a Swiss entity. All rights reserved.
INR Billion Total Income Net interest income Operating Profit Profit After tax Capital Deposits Advances Total Balance sheet size Gross NPA Net NPA FY09 38.31 13.15 12.59 5 1.71 321.98 223.92 388.51 FY10 42.04 14.1 12.64 4.64 1.71 360.58 269.5 436.76 3.95 0.81 FY11 45.68 17.46 14.27 5.87 1.71 430.14 319.53 514.56 3.49 0.6
35
%(Except otherwise stated) CAR Net interest margin Yield on advances Cost of deposits Return on Equity Return on Assets Cost to income ratio 4.28 12.3 6.98 12.13 1.48 31.21 FY09 FY10 18.36 3.82 11.3 6.55 10.3 1.15 34.86 FY11 16.79 4.22 11.09 5.99 13.45 1.34 36.94
36
NBFCs
Potential assets for sale Profiles
37
1.Punjab National Bank
Business overview
Presence
It is a renowned and preferred name in the Indian debt market. The company is also a subsidiary of one of the largest Indian commercial banks. Company has played a pivotal role in strengthening of the domestic fixed income markets and is a dominant player, marking its presence with significantly high market share in the overall trading turnover. The companys primary activities include issuances and trade in a gamut of fixed income instruments such as Government securities, Treasury Bills, State Development Loans, Corporate Bonds, Interest Rate Swaps and various money market instruments such as Certificates of Deposits, Commercial Papers etc.
Punjab National Bank has around 5100 offices including 5 overseas branches
12 10 8 6 4 2 0
Advances Rs Bn
38
INR Billion Total Income Operating expenses Profit After tax Capital Advances Total Balance sheet size %(Except otherwise stated) CAR Price/Book value PE Ratio 0.47 2.76 FY09 1.12 0.067 0.24 5.39 0.6 20.09 FY09 FY10 1.01 0.068 0.36 5.6 0.73 13.07 FY10 41.59 0.58 6.26 FY11 1.03 0.065 0.3 5.72 0.4 14.26 FY11 94.42 0.56 7.57
39
2.Bajaj Holding and Investment Ltd

BHIL has been registered as a Non-Banking Financial Company (NBFC) with Reserve Bank of India (RBI). The Company is classified as a Systemically Important Non-deposit taking NBFC as per RBI Regulations. It is promoted by the Bajaj Auto group in 1987. Post-demerger , BHIL holds more than 30% in BAL and BFS. A diversified business line including 9 products focusing on Commercial, Small business and Consumer Finance.
New loans Disbursed Rs Bn 12 10 8 6 4 2 0

MAR 08 MAR 09 MAR 40
10 Sources: Company Website [year] [legal member firm name], a [jurisdiction] [legal structure] and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (KPMG International), a Swiss entity. All rights reserved.
INR Billion Total Income Net interest income Operating expenses Profit After tax Capital Advances Total Balance sheet size Net NPA %(Except otherwise stated) CAR Return on Equity Return on Assets FY09 5.99 4.35 1.74 0.33 32 22.4 32 5.5 FY09 38.4 3.2 1.3 FY10 9.16 7.14 2.36 0.89 38.1 24.4 38.7 2.2 FY10 26 8 2.8 0.8 FY11 20 19.7 4.3
41
FY11 14.06 10.28 4.54 2.47
3. S R E I Infrastructure Finance Ltd

Financial Performance Business overview
Srei Infrastructure Finance Ltd. is one of Indias leading Non Banking Financial Institutions and the only private sector infrastructure financing NBFI. It commenced its operations in 1989. Income From Investment, Income From Finance, Dividend, Interest, Lease Rent & Hire Charges, Income From Sale Of Share & Securities, Income From Financial Services.
INR Billion Total Income Operating expenses Profit After tax Capital
FY08 8.01 6 13.5 13.4 549.8 627.4
FY09 8.51 10.1 8.2 13.4 433.9 545.3
FY10 9.72 8 15.6 11.6 676.4 788.2
Advances Total Balance sheet size
%(Except otherwise stated) CAR Return on Equity Return on Assets Price/Book value PE Ratio
Sources: Company Website , ISI Emerging Market [year] [legal member firm name], a [jurisdiction] [legal structure] and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (KPMG International), a Swiss entity. All rights reserved.
FY08
FY09
FY10
19.44 4.05 1.36 8.07
7.56 2.81 0.23 3.12
15.2 3.5 0.62 4.42

42
4. Fullerton India Credit Co. Ltd
Business overview
Fullerton India is a subsidiary of Fullerton Financial Holdings Pte. Ltd., a wholly owned subsidiary of the over US $100 Billion Temasek Holdings, Singapore. Fullerton India launched commercial operations in January 2007. Financial services of the company now include financing of commercial vehicles to motorcycles, home mortgage loans to inventory funding, education loans to loans for medical exigencies, marriage loans to home improvement loans, working capital loans for the urban self-employed
INR Billion
FY10
FY11
Total Income
9.35
8.8
Operating profit
-1.8
0.41
Presence
Profit After tax
-7.17
0.02
Fullerton India reach out to the mass market customer through 425 branches across over 400 towns and cities providing them financial solutions at their doorstep . Capital 17.08 17.08
43
5. Sundaram B N P Paribas Home Finance Ltd

Financial Performance Business overview
Sundaram Home finance Ltd was incorporated on July 2, 1999 and has been promoted by Sundaram Finance Ltd. It is a strategic alliance with Union de Credit pour le Batiment a wholly owned subsidiary of BNP Paribas , France. With the later having a stake of 49.9%. Its products include home loans, improvement loans , land loans, loans for professionals ,etc.
INR Billion Total Income Operating Profit Profit After tax
FY09 2.14 0.39 0.26 0.8 0.44 19.35
FY10 2.35 0.42 0.27 0.8 0.3 21.99
FY11 3.07 0.69 0.47 0.8 1.02 28.12
Presence
Capital Andra Pradesh 13 Advances Total Balance sheet size
Karnataka Kerela Pondicherry Tamil nadu Total
4 10 1 23 51
%(Except otherwise stated) Return on Equity Return on Assets
FY09 13.77 1.54
FY10 13.04 1.34
FY11 19.98 1.9

44
6. Can Fin Homes Ltd

Business overview Financial Performance
Can Fin Homes Ltd. (CFHL) is the first and the biggest bank sponsored Housing Finance Company (HFC) in the country and one among the top players in the country's housing finance sector. The company has a standing of over 22 years. CFHL is one among the four HFCs selected by NHB in its first phase of securitization programme. It provides housing loan for resident Indians , NRIs , already existing customer and it also provides nonhousing loan schemes.
CFHL has a pan India presence of 41 branches.
45
INR Billion Total Income Operating Profit Profit After tax Capital Total Balance sheet size FY08 2.21 0.38 0.28 0.2 19.15 FY09 2.23 0.44 0.31 0.2 18.96 FY10 2.13 55 0.39 0.2 21.4
%(Except otherwise stated) Return on Equity Return on Assets Price/Book value PE Ratio
FY08 13.6 1.47 0.63 4.88
FY09 13.52 1.65 0.43 3.38
FY10 15.03 1.94 0.6 4.2

46
7. Deewan Housing Finance Corporation Ltd

DHFL was incorporated in the year 1984.Today it stands as the third largest housing finance company and second largest in the private sector. DHFL acquired Deutsche Postbank Housing Finance Ltd in Mar 2011. Its business line includes Housing loans ( purchase of new flat, resale of flat, self constructions, project loans, etc) , Non-Housing loans ( loan against property, lease rental financing, purchase of commercial premises). In association with ICICI Lombard and ICICI Prudential it also offers unique home loan liked insurance. Business is sourced majorly through own network branches with the target being individuals in Tier ||/ Tier ||| cities.
DHFL has around 180 offices and service centers across India.
Loan Portfolio Rs Bn
47
INR Billion Total Income Net interest income Fee income Operating expenses Profit After tax Advances Total Balance sheet size %(Except otherwise stated) CAR Net interest margin Return on Equity Return on Assets Gross NPA Net NPA FY09 16.21 2.93 22.9 1.92 1.47 1.03 FY10 9.92 2.1 1.04 1.09 1.5 8.5 102.25 FY10 17.26 2.98 22.2 2.04 1.16 0.73 FY11 14.51 3.3 1.5 1.6 2.6 17.9 224.925 FY11 19.39 2.96 19.49 2.01 0.67 0.1
48
8. Shriram City Union

Shriram City Union Finance Limited operates as financial services company, specializing in retail finance in India. It offers finance for two wheelers and three wheelers, as well as for new and pre-owned passenger and commercial four wheelers. The company also provides personal loans and loans against gold; and small business loans to selfemployed professionals, wholesale/retail dealers, general merchants, builders, manufacturers, hotel/catering services, and tour operators 80% of the branch network focuses on rural and semiurban areas.
With 1000 business outlets across the country and a large customer base of 3.55 million customers.
49
INR Billion FY09 FY10 FY11
Total Income
9.33
11.02
13.21
Net interest income
4.25
5.54
7.3
Profit After tax
1.38
1.94
2.41
Advances
0.82
2.07
Total Balance sheet size
50.03
62.48
94.12
50
%(Except otherwise stated) CAR Net interest margin Return on Equity Return on Assets Cost to income ratio Gross NPA Net NPA Price/Book value PE ratio 11.42 18.69 2.63 48.28 2.07 0.96 2.24 13.18 12.27 18.45 3.63 42.88 2.27 0.71 2.25 11.54 1.86 0.43 2.12 10.68 25.87 4.08 FY09 FY10 FY11 20.8
51
9. Muthoot Finance
Muthoot finance is the largest gold financing company in India in terms of loan portfolio. They provide personal and business loans secured by gold jewellery, or gold loans to individuals who possess gold jewellery but could not access credit. Their other services include gold coins, money transfers, debentures. Foreign exchange , insurance ,etc. Their target is the rural and the semi-urban markets of India particularly the Southern Indian states.
Branch network has expanded from 373 branches in 2005 to 2611 as on Feb 2011. It covers 20 states including 4 union territories.
12 10 8 6
BRANCHES
4 2 0
52
INR Billion Total Income Net interest income Operating expenses Profit After tax Advances FY10 10.89 10.77 2.5 2.27 73.41 FY11 23.15 22.98 5 4.94 157.28
%(Except otherwise stated) CAR Net interest margin Return on Equity Gross NPA Net NPA
FY10 14.79 11.17 48.1 0.46 0.25
FY11 15.82 10.86 51.5 0.29 0.41

53
10. Religare Finvest Ltd
Business overview
Religare Finvest Limited (RFL), a 100% subsidiary of Religare Enterprises Limited (REL) is registered with the RBI as a NBFC. It provides various financial services to individuals and small businesses in India. It offers loan against property; SME business loans (working capital loans, short term capital requirements, business expansion loans, secured and unsecured loans, and bill discounting),commercial vehicle loans, construction equipment finance ,loan against securities (including shares and mutual funds),initial public offer financing ,corporate finance, depository services, and personal financial services (mutual funds, life and general insurance products, bonds, deposits, initial public offers, and small savings instruments.)
INR Billion Total Income Operating expenses Operating profit Profit After tax Advances
FY09 3.54 0.43 2.4 0.46 18.96 20.88
FY10 5.36 0.85 3.28 1.02 41.65 57.46
FY11 11.6 1.43 8.62 1.14
Total Balance sheet size
%(Except otherwise stated) Return on Equity Return on Assets

3.43 1.56
7.32 2.79
54
11. L&T Finance

Business overview
Incorporated in 1994 as a Non Banking Finance
Company, L & T Finance Ltd. (LTF) was promoted by L&T to provide a range of financial services.
The company offers a spectrum of financial products
INR Billion
FY08
FY09
FY10
and services for trade, industry and agriculture. Their focus segments are corporate products, construction equipment, transport finance, rural finance , supply chain finance and microfinance.
In 2009, LTF became wholly owned subsidiary of L&T
Total Income
6.08
8.30
9.65
Profit After Tax
1.15
0.98
1.56
Capital Holding Ltd. which is in turn a 99.99% subsidiary company of Larsen & Toubro Ltd.
With its product / service offerings, LTF caters to all the
Capital
1.86
1.86
2.12
major customer segments viz. Corporate, SME and Retail

Presence
Net Worth
0.74
0.81
0.78
Net Current Assets LTF has a nation wide network of over 200 locations, with strong footprint in rural / semi urban areas.
43 .51
50.78
70.02
It has an employee base of ~ 2,800, lead by an experienced management team .
Total Balance Sheet Size RoCE
47.64
52.96
75.45
12.95
13.1
10.39
RoNW
20.92
12.61
15.87
55
12. Kotak Prime Ltd

Business overview Financial Performance
Kotak Mahindra Prime limited (KMPL) is a subsidiary of Kotak Mahindra Bank Limited primarily formed to finance all passenger vehicles. KMPL is among India's largest dedicated passenger vehicle finance companies. KMPL offers loans for the entire range of passenger cars, multi-utility vehicles and pre-owned cars. Also on offer are inventory funding and infrastructure funding to car dealers with strategic arrangements via various car manufacturers in India as their preferred financier. It has a relationship with various car manufacturers in India such as General Motors, Honda, Hyundai, Maruti, Toyota, M&M, Volkswagen, Skoda, Audi etc.
INR Billion Total Income Net interest income Operating Profit Profit After tax Loan book
FY09 10.15 10.04 2.45 1.5 58.4
FY10 9.94 9.8 2.6 1.6 84.5
FY11 13.73 13.24 4.83 3.17 104.01
Presence
KMPL had a retail distribution network comprising 56 branches (including representative offices) in 15 states in the country and a wide network of Direct Marketing Associates, brokers and agencies supporting its distribution network.
%(Except otherwise stated) Gross NPA Net NPA ROA ROE 1.7 1 2.69 19.96 1.8 1 2.36 16.77 1.5 0.6 3.21 23.93
56
Broking Firms
57
1.India Infoline
Business overview
Presence
India Infoline Limited, together with its subsidiaries, provides various financial services primarily in India .It commenced operations as a equity research firm in 1995. It has received membership of the Singapore stock exchange and Colombo stock exchange in 2010 and commenced operations in the same. It provides a range of products and services which include equity , insurance, credit & finance, wealth management, asset management and investment banking.
Present at over 3,000 business locations across 500 cities in India Global footprint covers Colombo, Dubai, New York and Singapore
Advances Rs Bn
58
INR Billion Total Income Equity broking income Operating Profit Profit After tax Capital Advances Total Balance sheet size Gross NPA Net NPA Net interest margin
FY09 9.62
FY10 11.23 7
FY11 14.73 6.6 6.06 2.13
2.92 1.57 0.56 9.6 10.49
4.37 2.34 0.57 16.3 16.05 0.60% 0.50% 13.80%
32.9
0.50% 0.40% 8%
59
2.Motilal Oswal Ltd
Business overview
Presence 12 10 8 6 4 2 0
It is a well diversified financial company offering a range of financial products and services. It is focused on wealth creation for all its customers, such as institutional clients, HNIWs and retail customers. Its services include Broking and distribution, wealth management, investment banking, private equity, asset management, institutional equities, etc.
60
INR Billion Total Income Brokerage and Operating income Operating Profit Profit After tax Total Balance sheet size 1.72 0.92 FY09 4.66 FY10 6.45 4.55 2.56 1.5 10.58 FY11 6 4.33 2.18 1.3 10.64
%(Except otherwise stated) Return on Equity Price/Book value PE Ratio
FY09 12 2.5 24.25
FY10 20 5.02 56.83
FY11 14 3.63 47.16
61
3.Edelweiss Capital
Its a leading diversified financial services organization which was incorporated in1995 as an investment bank with focus on private equity syndication. It provides investment banking services, including private placement of equity, capital raising services in public markets, mezzanine and convertible debt, mergers and acquisition, and restructuring advisory services. The company also offers equity broking and research services, as well as marketing of equity related products to domestic and foreign institutional investors. In addition, it provides asset management services, wealth management services,portfolio management, direct equity, mutual funds, insurance, real estate funds, IPOs, art funds, and derivative strategies.
It has 2647 employees working in 374 offices in over 170 cities pan India.
INR Billion Total Income Operating expenses Profit After tax Total Balance sheet size
FY09 8.96 0.212 2.09 30.92
FY10 9.77 0.213 2.44 51.8
FY11 14.9
2.46 106.2
%(Except otherwise stated) Return on Equity Return on Assets Price/Book value

FY09 10 1.95 31
FY10 10 2.57 30
FY11 9
28
62
Asset Management Companies
63
Asset management: Potential assets for sale (1/2)
Asset
Ultimate parent company Bharti & AXA Group
Theme
Particulars
Total assets INR Bn
Bharti AXA MF
Stake sale Stake sale
AIG Global Investment Group AIG MF ING Investment ING Group Management India Taurus MF Sundaram MF L&T MF Tata MF Religare MF Peerless MF
Stake sale Sell-out Foreign partner Foreign partner Foreign partner Foreign partner Foreign partner
64
Asset management: Potential assets for sale (2/2)

Asset Ultimate parent company Theme Particulars Total assets INR Bn
BNY Mellon Bank Ltd Mizuho Japan Nikko AM Schroder Investment Management Morley Fund Management DE Shaw/ Reliance Group ASK Investment Holdings Pvt Ltd Future Capital Holdings MMISL India Bulls
Indian partner search Indian partner search Indian partner search Singapore-based Indian partner fund search Aviva Group Indian partner search New entrant New entrant New entrant New entrant New entrant
65
1. Bharti AXA MF
Bharti AXA Investment Managers Private Limited was incorporated on 13th August, 2007 and is headquartered in Mumbai Bharti AXA Investment Managers Private Limited is a joint venture between the Bharti Group represented by Bharti Ventures Limited, and AXA Group represented by AXA Investment Managers and AXA APH. Their product line includes equity funds, debt funds and hybrid funds. The have also added a new facility Liqutility where in they re-invest the daily gains.
With a presence in 12 locations across the country, Bharti AXA Investment Managers is focused on the retail investor. Their distribution network is spread to the various Karvy mutual fund service branches and their own branches.
Asset under management : 2010 - 2011 INR Lacs 12 10 8 6 4 2 0

Sources: Company Website , Iamfi website [year] [legal member firm name], a [jurisdiction] [legal structure] and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (KPMG International), a Swiss entity. All rights reserved.
66
Business overview
2. AIG Global Investment Group MFPresence

59 employees in 11 cities. Over 6000 empanelled distributors.
AIGCC is 100% owned by American International Group, Inc. (AIG). AIGCC was incorporated mainly to consolidate all the non-insurance financial services businesses of AIG under one company. Many of AIGCCs direct and indirect subsidiaries are companies engaged in asset management, consumer finance and other non-banking finance activities. Their product line includes of equity fund, debt fund and a world gold fund whos objective is to provide long term capital appreciation.
Asset under management : 2010 - 2011 INR Lacs 12
10
0
67
3.ING Investment Management India

Business overview Asset under management : 2010 - 2011 INR Lacs 12 10 8 6 4 2 0
ING Investment management in India works under two divisions : a) ING investment management division (single manager division ) where it offers a ranger of equity , debt and alternate asset classes funds. b) Optimix (multi manager division ) where they use research and investment tools to combine funds which would provide consistent performance in the future.
68
4. Taurus MF
Taurus Mutual Fund was amongst the first few private sector Mutual Funds to be registered with SEBI. The Mutual Fund was registered with SEBI on Sept 21, 1993. In 1999, a merger was announced between HB Mutual Fund & Taurus Mutual Fund. Taurus Mutual Fund offers investment solutions for all investor segments. With Equity oriented schemes, Debt based schemes and an Equity Linked Savings Scheme, in the open ended product basket
Taurus Mutual Fund has established its presence across all demographics. With branches in top 15 cities & representatives in smaller cities. Taurus Mutual Fund's distribution network is strongly supported by more than 4000 business associates.
10
0
69
5. L & T Mutual Fund

L&T Mutual Fund is backed by one of the most trusted and valued brands, L&T Finance incorporated as Non Banking Finance Company in November 1994. Their product line includes equity funds, debt funds, hybrid funds, daily investment plans ,etc.
L & T Mutual Fund has established its presence across all demographics. With 57 branches which are spread out.
10
0
70
6. Tata Mutual Fund

It is backed by one of the most trusted and valued brands in India. Tata Mutual Fund offers an investment option for everyone, whether you are a businessman or salaried professional, a retired person or housewife, an aggressive investor or a conservative capital builder. Its product line includes Growth funds, Balanced funds, Income funds and liquid funds.
Tata Mutual Fund has a pan India presence with approximately 88 offices.
10
0
71
7. Religare Mutual Fund

Religare Asset Management is promoted by the Religare Group, one of the leading integrated financial services groups in India. Religare Asset Management aims to serve investment needs of individual investors, corporate and institutions through mutual funds and sub-advised portfolios. Their business line includes Equity funds, Fixed income funds, Hybrid and Exchange traded funds.
10
0
72
8. Peerless Mutual Fund

Peerless Funds Management Company Limited a wholly owned subsidiary of The Peerless General Finance and Investment Company Limited (PGFI), is the first mutual fund in the eastern region and the first to be headquartered in Kolkata. Their business line includes Child plan, Income plus, Liquid fund and Short term fund.
10
0
73

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Opportunity Screening- FS Deal

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Potential assets for sale Profiles

Banking sector: Potential assets for sale

City Union Bank

Consolidation/ Acquisition Consolidation/ Fund raising Consolidation/ Acquisition

DCB ING Vysya Bank

Indusind bank Karnataka Bank Consolidation/ Fund raising Consolidation/ Acquisition

BASEL III/ Fund raising

BASEL III / Fund raising

Fund raising Consolidation/ Fund raising

1. City Union Bank Ltd

Strong Presence in South

No of branches 157 31 20 12 10 6 14 250

Shareholding Pattern as on 31th March 2011

93.2 145.9 1.21 0.52

%(Except otherwise stated)

12.49 2.98 13.46 7.98 18.47 1.3 38.1

13.46 3.15 13.04 7.73 20.55 1.52 39.33

12.75 3.64 12.47 6.94 23.47 1.67 37.48

2.Development Credit Bank

Strong Presence in West

Shareholding Pattern as on 31th March 2011

3.ING Vysya Bank Ltd

Shareholding Pattern as on 31th March 2011

FY09 11.68 2.2 11.48 6.83 0.7 11.62 64.52 27

FY10 14.91 3.21 10.53 5.33 11.81 0.8 55.73 32.58

FY11 12.98 3.25 10.05 5.25 12.83 0.89 61.75 34.64

4.Indusind Bank Ltd

FY11 15.89 3.47 12.36 6.3 19.27 1.46

5.Karnataka Bank Ltd

Shareholding Pattern as on 31th March 2011

FY09 13.48 2.22 12.11 7.66 18.1 1.25 58.1 20

FY10 12.37 1.07 11.25 7.69 9.83 0.67 60.8 23.3

FY11 13.33 2.15 11.08 6.87 9.6 0.72 63.5 24.9

6.Yes Bank Ltd

Shareholding Pattern as on 31th March 2011

FY09 16.63 2.9 12.9 9 20.9 1.5 42.7 8.74

FY10 20.6 3.1 10.8 6.9 23.7 1.6 36.7 10.5

FY11 16.5 2.9

21.1 1.5 36.30% 10.3

7. South Indian Bank Ltd

Strong Presence in South India

India, originally established in Thrissur, Kerala in 1929.

Insurance , Money transfers ,etc ), NRI banking and Business banking.

Market Cap: 27.06 INR billion - 04/07/11

Shareholding Pattern as on 31th March 2011 12 10 8 6 4 2 0

8. Tamilnad Mercantile Bank Ltd

Shareholding Pattern as on 31th March 2011 12 10 8 6 4 2 0

%(Except otherwise stated)

16.27 1.51 43.5 21.44

17.27 1.54 42.29 24.52 1.74

Shareholding Pattern as on 31th March 2011

FY09 14.14 2.97 11.7 7.03 20.44 1.21 56.26 24

FY10 12.99 2.45 10.53 6.71 5.3 0.35 83.29 21.9

FY11 11.8 3 11.2 6.9 3.6 0.23 83.63 22.9

10.Axis Bank Ltd

Shareholding Pattern as on 31th March 2011

Shareholding Pattern as on 31th March 2011 12 10 8 6 4 2 0

Potential assets for sale Profiles

1.Punjab National Bank

Shareholding Pattern as on 31th March 2011

2.Bajaj Holding and Investment Ltd