Key Financial Ratios

of HDFC Bank ------------------- in Rs. Cr. -------------------

Mar '05 Mar '06 Mar '07 Mar '08 Mar '09

Investment Valuation Ratios
Face Value 10 10 10 10 10
Dividend Per Share 4.5 5.5 7 8.5 10
Operating Profit Per
Share (Rs) 41.65 52.56 86.19 107.32 92.36
Net Operating Profit
Per Share (Rs) 120.17 177.8 259.98 348.57 464.77
Free Reserves Per
Share (Rs) 99.78 132.01 155.69 269.89 252.37
Bonus in Equity
Capital -- -- -- -- --
Profitability Ratios
Interest Spread 5.39 5.25 5.47 7.08 6.98
Adjusted Cash
Margin(%) 26.63 23.11 19.07 15.01 13.15
Net Profit Margin 17.77 15.55 13.57 12.82 11.35
Return on Long Term
Fund(%) 50.77 60.06 74.91 62.34 83.31
Return on Net
Worth(%) 23.67 22.73 23.57 13.83 15.32
Adjusted Return on
Net Worth(%) 14.72 16.42 17.75 13.82 15.29
Return on Assets
Excluding
Revaluations 1.66 1.52 1.52 324.38 344.44
Return on Assets
Including
Revaluations 1.66 1.52 1.52 324.38 344.44
Management Efficiency Ratios
Interest Income / Total
Funds 7.95 8.91 10.08 11.01 12.5

Net Interest Income /
Total Funds 5.14 5.82 6.22 6.66 6.86

Non Interest Income /
Total Funds 0.04 0.05 0.13 0.04 --
Interest Expended /
Total Funds 2.81 3.09 3.86 4.36 5.63
Operating Expense /
Total Funds 2.38 3.19 2.88 3.27 4.38
Profit
Before Provisions /
Total Funds 2.09 2.01 2.91 3.19 2.26
Net Profit / Total
Funds 1.82 1.79 1.68 1.42 1.42
Loans Turnover 0.17 0.18 0.2 0.22 0.24

Total Income / Capital

Employed(%) 7.99 8.96 10.21 11.05 12.5

Interest Expended /
Capital Employed(%) 2.81 3.09 3.86 4.36 5.63
Total Assets Turnover
Ratios 0.08 0.09 0.1 0.11 0.13

Asset Turnover Ratio 2.89 3.5 4.33 5.18 5

Profit And Loss Account Ratios

Interest Expended /
Interest Earned 42.53 43.11 46.15 48.32 54.56
Other Income / Total
Income 0.55 0.56 1.22 0.35 --
Operating Expense /
Total Income 29.84 35.58 28.21 29.55 35.06
Selling Distribution
Cost Composition 1.47 1.45 0.9 0.92 0.54
Balance Sheet Ratios
Capital Adequacy
Ratio 12.16 11.41 13.08 13.6 15.69
Advances / Loans
Funds(%) 68.21 68.75 71.41 71.93 78.87
Debt Coverage Ratios
Credit Deposit Ratio 64.87 65.79 66.08 65.28 66.64
Investment Deposit
Ratio 57.83 51.81 47.51 47.29 44.43
Cash Deposit Ratio 7.78 6.46 6.84 10.49 10.71
Total Debt to Owners
Fund 8.04 10.53 10.62 8.76 9.75
Financial Charges
Coverage Ratio 2 1.87 1.9 1.79 1.44
Financial Charges
Coverage Ratio Post
Tax 1.76 1.67 1.5 1.38 1.29
Leverage Ratios
Current Ratio 0.03 0.04 0.04 0.04 0.04
Quick Ratio 5.61 5.18 4.07 4.89 5.23

Cash Flow Indicator Ratios

Dividend Payout Ratio
Net Profit 23.99 22.55 22.91 22.16 22.16
Dividend Payout Ratio
Cash Profit 16 15.17 16.32 18.93 19.1
Earning Retention
Ratio 76 77.44 77.11 77.83 77.79
Cash Earning
Retention Ratio 83.99 84.83 83.69 81.07 80.87
AdjustedCash Flow
Times 36.45 43.11 42.6 54.14 54.91

Mar '05 Mar '06 Mar '07 Mar '08 Mar '09
Earnings Per Share 27.55 35.64 43.29 44.87 52.77
Book Value 145.86 169.24 201.42 324.38 344
 ------------------- in Rs. Cr. -------------------

HDFC YES ICICI Kotak Axis

Bank BANK Bank Mahindra Bank

Sales
Turnover Mar '10 Mar '10 Mar '10 Mar '10 Mar '10

Other Income 16,172.91 2,369.71 25,706.93 3,255.62 11,638.02

Total Income 3,807.61 575.53 7,477.65 628.24 3,945.78

Total
Expenses 19,980.52 2,945.24 33,184.58 3,883.86 15,583.80
Operating
Profit 7,905.09 636.99 10,246.69 1,675.29 5,098.91

Profit On Sale
Of Assets 8,267.82 1,732.72 15,460.24 1,580.33 6,539.11

Profit On Sale
Of
Investments -- -- -- -- --

Gain/Loss On
Foreign
Exchange -- -- -- -- --

VRS
Adjustment -- -- -- -- --

Other
Extraordinary
Income/Expe
nses -- -- -- -- --

Total
Extraordinary
Income/Expe
nses -- -- -- -- --
Tax On
Extraordinary
Items -- -- -- -- --

Net Extra
Ordinary
Income/Expe
nses -- -- -- -- --

Gross Profit -- -- -- -- --
Interest 12,075.43 2,308.25 22,937.89 2,208.57 10,484.89
PBDT 7,786.30 1,581.76 17,592.57 1,397.48 6,633.53
Depreciation 4,289.13 726.49 5,345.32 811.11 3,851.36

Depreciation
On
Revaluation
Of Assets -- -- -- -- --
PBT -- -- -- -- --
Tax 4,289.13 726.49 5,345.32 811.11 3,851.36
Net Profit 1,340.44 248.75 1,320.34 250 1,336.83

Prior Years
Income/Expe
nses 2,948.69 477.74 4,024.98 561.11 2,514.53

Depreciation
for Previous
Years Written
Back/
Provided -- -- -- -- --
Dividend -- -- -- -- --

Dividend Tax -- -- -- -- --

Dividend (%) -- -- -- -- --
Earnings Per
Share -- -- -- -- --

Book Value 64.42 14.06 36.1 16.12 62.06

Equity -- -- -- -- --
Reserves 457.74 339.67 1,114.89 348.14 405.17

Face Value 21,061.85 2,749.88 50,503.48 4,136.97 15,639.28

Quarterly
Results ------------------- in Rs. Cr. -------------------
HDFC Kotak IndusInd
Bank ICICI Bank Axis Bank Mahindra Bank

Sep '10 Jun '10 Sep '10 Sep '10 Sep '10

Sales
Turnover 4,810.00 5,812.54 3,624.25 1,014.72 854.08
Other
Income 960.7 1,680.51 1,033.24 139.33 175.12
Total
Income 5,770.70 7,493.05 4,657.49 1,154.05 1,029.20
Total
Expenses 2,134.36 2,281.31 1,540.75 401.91 299.71
Operating
Profit 2,675.64 3,531.23 2,083.50 612.81 554.37
Profit On
Sale Of
Assets -- -- -- -- --

Profit On
Sale Of
Investment
s -- -- -- -- --

Gain/Loss
On Foreign
Exchange -- -- -- -- --

VRS
Adjustment -- -- -- -- --

Other
Extraordin
ary
Income/Ex
penses -- -- -- -- --

Total
Extraordin
ary
Income/Ex
penses -- -- -- -- --
Tax On
Extraordin
ary Items -- -- -- -- --

Net Extra
Ordinary
Income/Ex
penses -- -- -- -- --
Gross
Profit 3,636.34 5,211.74 3,116.74 752.14 729.49
Interest 2,283.72 3,821.49 2,009.15 470.89 524.35
PBDT 1,352.62 1,390.25 1,107.59 281.24 205.14
Depreciatio
n -- -- -- -- --

Depreciatio
n On
Revaluatio
n Of
Assets -- -- -- -- --
PBT 1,352.62 1,390.25 1,107.59 281.24 205.14
Tax 440.48 364.27 372.45 86.54 71.99
Net Profit 912.14 1,025.98 735.14 194.7 133.15

Prior Years
Income/Ex
penses -- -- -- -- --

Depreciatio
n for
Previous
Years
Written
Back/
Provided -- -- -- -- --
Dividend -- -- -- -- --
Dividend
Tax -- -- -- -- --
Dividend
(%) -- -- -- -- --
Earnings
Per Share 19.72 9.2 17.98 2.65 2.89
Book
Value -- -- -- -- --
Equity 462.6 1,115.50 408.84 366.7 461.41
Reserves -- 51,707.33 -- -- --

Face Value 10 10 10 5 10