Financial Analysis of Sbi and Hdfc
MANAGERIAL ACCOUNTING (I)
PROJECT REPORT
On
Financial Analysis of SBI and HDFC
SUBMITTED ON-
13-09-2011
ACKNOWLEDGEMENT We express our sincere gratitude to Ms. REENA AGRAWAL, our course instructor for Managerial Accounting(I) for her constant support in our endeavor of coming up with this project report titled “Financial Analysis of SBI and HDFC”.. We would like to thank our library for providing us with useful books that helped us in accumulating data. We express sincere thanks to our college authority for providing 24*7 wi-fi in campus which made our work much easier. We anticipate that our hard work will be appreciated by the readers.
Introduction to Banking Sector in India
The Banking sector in India has always been one of the most preferred avenues of employment. In the current decade, this has emerged as a resurgent sector in the Indian economy. As per the McKinsey report ‘India Banking 2010’, the banking sector index has grown at a compounded annual rate of over 51 per cent since the year 2001, as compared to a 27 per cent growth in the market index during the same period. It is projected that the sector has the potential to account for over 7.7 per cent of GDP with over Rs.7,500 billion in market cap, and to provide over 1.5 million jobs.
Today, banks have diversified their activities and are getting into new products and services that include opportunities in credit cards, consumer finance, wealth management, life and general insurance, investment banking, mutual funds, pension fund regulation, stock broking services, custodian services, private equity, etc. Further, most of the leading Indian banks are going global, setting up offices in foreign countries, by themselves or through their subsidiaries.
State Bank of India
The evolution of State Bank of India can be traced back to the first decade of the 19th century. It began with the establishment of the Bank of Calcutta in Calcutta, on 2 June
PROJECT REPORT
On
Financial Analysis of SBI and HDFC
SUBMITTED ON-
13-09-2011
ACKNOWLEDGEMENT We express our sincere gratitude to Ms. REENA AGRAWAL, our course instructor for Managerial Accounting(I) for her constant support in our endeavor of coming up with this project report titled “Financial Analysis of SBI and HDFC”.. We would like to thank our library for providing us with useful books that helped us in accumulating data. We express sincere thanks to our college authority for providing 24*7 wi-fi in campus which made our work much easier. We anticipate that our hard work will be appreciated by the readers.
Introduction to Banking Sector in India
The Banking sector in India has always been one of the most preferred avenues of employment. In the current decade, this has emerged as a resurgent sector in the Indian economy. As per the McKinsey report ‘India Banking 2010’, the banking sector index has grown at a compounded annual rate of over 51 per cent since the year 2001, as compared to a 27 per cent growth in the market index during the same period. It is projected that the sector has the potential to account for over 7.7 per cent of GDP with over Rs.7,500 billion in market cap, and to provide over 1.5 million jobs.
Today, banks have diversified their activities and are getting into new products and services that include opportunities in credit cards, consumer finance, wealth management, life and general insurance, investment banking, mutual funds, pension fund regulation, stock broking services, custodian services, private equity, etc. Further, most of the leading Indian banks are going global, setting up offices in foreign countries, by themselves or through their subsidiaries.
State Bank of India
The evolution of State Bank of India can be traced back to the first decade of the 19th century. It began with the establishment of the Bank of Calcutta in Calcutta, on 2 June
Bibliography: WWW.REDIFF.COM WWW.MONEYCONTROL.COM WWW.GOOGLE.COM WWW.STATEBANKOFINDIA.COM WWW.HDFCBANK.COM