International Academic Journal of Business Management Vol 5 No 1 pp 26 47 28

International academic journal of business management

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International Academic Journal of Business Management, Vol. 5, No. 1, pp. 26-47. 28 different ratios which enables the management of banks to identify the causes or reasons for the changes in their advances, income, deposits, expenditure and profitability over the period of time and thus help in pinpointing the necessary direction of action required for increased deposits, income, advances and reducing the expenditure and for altering the profitability prospects of the banks in future. Punjab National Bank Punjab National Bank was established on April 12, 1895 at Lahore with an authorized capital of Rs. 2 lakh and working capital of Rs 20,000. Punjab National Bank is an Indian multinational banking and financial services company and it is a state-owned corporation based in New Delhi, India. The bank has over 6,968 branches and over 9,656 ATMs across 764 cities and serves over 80 million customers. PNB has also a representative office in London, Kabul, Shanghai and Dubai. PNB also came into an alliance with Everest Bank Limited in Nepal that permits migrants to transfer funds easily between India and Everest Bank's 12 branches in Nepal. Currently, PNB owns 20 per cent shares of Everest Bank. PNB came up with PNBIL i.e. Punjab National Bank (International) in the UK, having two offices; one in London other in Southall. PNB established a representative office in Oslo, Norway and hopes to upgrade this to a branch in due course. In January 2010, PNB established a subsidiary in Bhutan. It owns 51 per cent of Druk PNB Bank, which has branches in Thimpu, Phuentsholing and Wangdue and rest 49 per cent shares are owned by local investors ( official website of Punjab National Bank , ). Table 1: Financial Highlights of Punjab National Bank (Rs. in crore) Year Total Business Deposits Advances Total Assets Total Employee (No.’s) Capital Net Profit 2006-07 236456 139860 96597 162422 57316 10435 1540 2007-08 285959 166457 119502 199020 56025 12318 2049 2008-09 364464 209761 154703 246919 58205 14653 3091 2009-10 435931 249330 186601 296633 56928 17723 3905 2010-11 555005 312899 242107 378325 57020 21509 4433 2011-12 673363 379588 293775 458194 62127 27817 5730 2012-13 700356 391560 308796 478948 63292 32676 4884 2013-14 800666 451397 349269 550420 65541 35895 4748 2014-15 881913 501379 380534 603334 68290 39080 3343 2015-16 965377 553051 412326 667390 70801 38310 3062 Source: Annual Reports of Punjab National Bank from 2006-07 to 2015-16. HDFC Bank The Housing Development Finance Corporation (HDFC) Limited was amongst the first to receive an 'in principle' approval from the Reserve Bank of India (RBI) to set up a bank in the private sector, as part of the RBI's liberalization of the Indian Banking Industry in 1994. The bank was incorporated in August
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International Academic Journal of Business Management, Vol. 5, No. 1, pp. 26-47. 29 1994, with its registered head office in Mumbai, India. HDFC Bank commenced operations as a Scheduled Commercial Bank in January 1995 with a simple mission: to be a world class Indian bank. HDFC has developed significant expertise in retail mortgage loans to different market segments and also has a large corporate client base for its housing related credit facilities. With its experience in the financial markets, a strong market reputation, large shareholder base and unique consumer franchise, HDFC was ideally positioned to promote a bank in the Indian environment. The bank is committed to
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