A Financial Analysis Report on

As a part of curriculum in the partial fulfilment of Masters in Business

Administration program

Shri Jairambhai Patel Institute of Business Administration and Computer

Applications
(Formerly known as National Institute of Co-operative Management)

Submitted to:

Prof. Narayan Baser

SJPI-NICM

Submitted by:

Kandarp Parekh
A-43 (MBA Sem-1)
SJPI-NICM
Gandhinagar

Table of Content

Sr. No.

Particular

Page No.

Introduction of Corporation Bank

Accounting Data

Fianacial analysis

21

Common size statement analysis

Trend Analysis
4

Ratio analysis

26

Conclusion

29

Bibliography

30

1. Introduction

Vision:
The Most Preferred Bank with Global Standards

Mission:
To become a provider of World - Class Financial Services
To meet Customer expectations through Innovation and Technological Initiatives
To maintain leadership in inclusive banking
To enhance stakeholders' value
To fulfill national and social obligations
To create an environment, intellectually satisfying and professionally rewarding to the
employees
To emerge as a role model for ethical values and Good Corporate Governance

Registered Office:
Mangladevi Temple Road, Post Box No 88
Mangalore
Karnataka-5750071
Managing Body:
Directors Name
Shri Ajai Kumar
Shri Ashwani Kumar
Shri Amar lal Daultani
Shri Lalit Kishore Meena
Smt. Grace Koshie
Shri Vincent Dsouza
Shri Kaushik Kumar Ghosh
Shri Rajkumar Agrawal
Shri Shushobhen Sarker

Designation
Chairman and Managing Director
Executive Director
Executive Director
Govt. Nominee Director
RBI Nominee Director
Workmen Employee Director
Officers Employee Director
Chartered Account Category Director
Shareholder Director

Brief History:
Corporation Bank came into being as Canara Banking Corporation (Udipi) Limited, on 12th
March, 1906, in the temple town of Udupi, by the pioneering efforts of a group of visionaries.
The Bank started functioning with just Rs.5000/- as its capital and at the end of the first day, the
resources stood at 38 Rupees-13 Annas-2 Pies. The Founder President Khan Bahadur Haji
Abdullah Haji Kasim Saheb Bahadur, committed to fulfill the long felt banking needs of the
people and also to inculcate the habit of savings, provided the much-needed impetus to founding
a financial institution that would bring about prosperity to the society. The content of the first
Appeal to the public dated 19th February, 1906 speaks volume about the lofty ideals and ethos
behind the foundation. The Founder President Haji Abdullah declared that:
"The Primary object in forming Corporation is not only to cultivate habits of thrift amongst
all classes of people, without distinction of caste or creed, but also habits of co-operation
amongst all classes.
This is Swadeshism pure and simple and every lover of the country is expected to come
forward and co-operate in achieving this end in view

The days that followed :

The initial growth was consciously cautious and need based. The first branch of the Bank was
opened at Kundapur in 1923, followed by the second in Mangalore in 1926. The Bank stepped
into the then Coorg State in 1934 by opening its seventh branch at Madikeri. In 1937 the Bank
was included in the second schedule of Reserve Bank of India Act, 1934.
Prosperity to All :
In 1939, the Banks name changed from Canara Banking Corporation (Udipi) Ltd., to Canara
Banking Corporation Ltd., and strongly put forth its vision with the motto- Sarve Janah
Sukhino Bhavantu which meansProsperity to All
The second change in the name of the Bank occurred in 1972, from Canara Banking
Corporation Ltd. to Corporation Bank Limited. and finally Corporation Bank following its
nationalization on 15th April, 1980.
Shouldering National objectives:
The Bank took on the priorities of nationalization in full stride and emerged successful in
fulfilling the national objectives, while sustaining its performance oriented culture and profit
augmenting record. Amidst all this, the Bank crossed Rs.1000 crore-deposit mark in the year
1985 and launched into the 1990s with focus on high quality growth by embracing newer
technology.
The end of first phase of Banking sector reforms in India had seen the Bank emerging as the

most innovative and dynamic bank in the public sector, outshining other banks in terms of asset
quality, capital adequacy, operational efficiency, well diversified income base, profitability,
productivity, and strong balance sheet.
The tremendous amount of confidence and loyalty reposed by the public in general and
customers in particular, manifested it self in the overwhelming response to the IPO of the Bank
in the year 1997.
A Big Leap to the Big League:
As on 31st December, 2011, the Total Business of the Bank was Rs.2,18,985 crore. The Total
Deposit stood at Rs.1,26,607 crore and the Total Advances were at Rs.92,378 crore. The
Networth rose to Rs.7,138 crore.
Growing Bigger. Getting Closer.
The Bank has Representative Offices at Dubai and at Hong Kong. Presently, the Bank has a
network of 1431 fully automated CBS branches, 1262 ATMs and 2625 Branchless Banking
Units across the country. The Bank has also drawn up plans to open 700 new branches in the
next five years.
The Bank has extended Branchless Banking units to 2625 villages and has issued Smart Cards to
all account holders in these villages for enabling them to operate their accounts at their doorsteps
through the Business Correspondents appointed by the Bank.
From 38 Rupees-13 Annas-2 Pies to Rs.2,18,985 crore and from a Networth of Rs.5,000 to
Rs.7,138 crore, the evolution of the Bank from a Nidhi to graduate as a Premier Public Sector
Bank and from the early days of Swadeshism to post-Liberalisation days, weathering two world
wars, economic depressions, imbibing the latest in technology, responding to financial reforms
and the unique record of uninterrupted posting of profits right from its inception in 1906, has
been a corporate success story.

Services Offered:
Personal Banking-

Under this, it offers various products and services such saving account,
loans, deposits, ATM facility, RTGS/NEFT facility, internet banking,
demat services, etc.

NRI Banking-

Besides various personal banking products, it also offers remittance

services, consultancy services to its NRI Clients.

Corporates-

To corporates, it offers various products and services such as corporate

accounts, term finance, working capital loans, RTGS, NEFT, CMS,

Priority and SME-

It also caters products and services to Priority and SME segment such as
providing various kinds of products to meet their various business
requirements.

Awards won:
Banking Technology Award 2009 for its efforts in implementing innovative technologies in its
business initiatives under the auspices of the Indian Banks Association [IBA], Finacle and the
Trade Fairs & Conference International [TFCI].
Best PSU Bank of the Year by Bloomberg UTV 'Financial Leadership Awards 2011'
Ranked No.1 in India's Most Customer Friendly Bank, a first ever Survey jointly conducted by
Outlook Money and TNS.
Corporation Bank received the First Prize Under 'National Award for Excellence in Lending to
Micro Enterprises' for the year 2010-11 from Ministry of Micro, Small and Medium Enterprises,
Govt. of India.
Corporation Bank has bagged the Best Manpower Efficiency Award in Public Sector Bank
Category, instituted by Federation of Indian Chambers of Commerce and Industry (FICCI) and
Indian Banks' Association (IBA) at FIBAC Banking Awards 2011.

2. Accounting Data
Profit and Loss Account:
Here, P & L a/c for last ten year is taken from ACEEQUITY software.
DESCRIPTION
No of Months
I. INCOME
Interest Earned
Other Income
Total Income
II. EXPENDITURE
Interest Expended
Operating Expenses
Provisions and
Contingencies
Profit Before Tax
Taxes
Total
III. PROFIT AND
LOSS
Profit After Tax
Extra items
Profit brought
forward
Adjustments to PAT
Total Profit & Loss
IV.
APPROPRIATIONS
Equity Dividend %
Earnings Per Share
Adjusted EPS

Mar11

Mar10

Mar09

Mar08

Mar07

Mar06

Mar05

Mar04

Mar03

Mar02

12.00

12.00

12.00

12.00

12.00

12.00

12.00

12.00

12.00

12.00

9135.
25
1324.
37
10459
.62

6987.
69
1493.
34
8481.
03

6067.
35
1107.
21
7174.
57

4516.
55
699.7
8
5216.
33

3360.
47
635.5
2
3996.
00

2626.
47
571.4
6
3197.
93

2249.
80
564.5
7
2814.
37

2201.
17
516.7
7
2717.
94

2102.
52
531.7
6
2634.
29

1945.
69
381.9
4
2327.
63

6195.
51
1641.
71
688.7
6
1933.
64
520.3
7
9046.
35

5084.
35
1259.
95
474.4
3
1662.
30
492.0
5
7310.
77

4376.
37
1046.
58
365.3
7
1386.
25
493.4
8
6281.
80

3073.
24
891.9
6
185.7
3
1065.
41
330.4
2
4481.
35

2052.
37
803.6
0
323.4
5
816.5
9
280.4
5
3459.
86

1399.
66
746.7
6
377.0
2
674.5
0
230.0
4
2753.
48

1120.
42
636.9
7
452.3
9
604.6
0
202.4
3
2412.
21

1237.
24
573.6
5
135.5
4
771.5
1
267.3
7
2213.
80

1310.
38
471.3
8
225.9
1
626.6
1
210.6
2
2218.
29

1320.
48
384.2
2
162.5
8
460.3
5
152.2
5
2019.
53

1413.
27

1170.
25

892.7
7

734.9
9

536.1
4

444.4
6

402.1
7

504.1
4

415.9
9

308.1
0

1413.
27
1413.
27
200.0
0
95.41
95.41

1170.
25
1170.
25
165.0
0
81.59
81.59

892.7
7
892.7
7
125.0
0
62.24
62.24

734.9
9
734.9
9
105.0
0
51.24
51.24

536.1
4
536.1
4

444.4
6
444.4
6

402.1
7
402.1
7

504.1
4
504.1
4

415.9
9
415.9
9

308.1
0
308.1
0

90.00
37.38
37.38

70.00
30.99
30.99

65.00
28.04
28.04

60.00
35.15
35.15

45.00
29.00
29.00

40.00
21.48
21.48

Here we can see that operating profit in last five year have shown a constant increase from
2007to 2011. It has increased from ` 536.14 crore to ` 1413.27 crore that means in last five
years operating profit has approximately doubled.

Balance Sheet:
DESCRIPTION

SOURCES OF FUNDS:
Share Capital
Equity - Authorised
Equity - Issued
Equity - Subscribed
Equity - Called Up
Less : Calls in Arrears
Equity Paid Up

Mar11

Mar10

Mar
-09

Mar
-08

Mar
-07

Mar
-06

Mar
-05

Mar
-04

Mar
-03

Mar
-02

148.
13
3000
.00
148.
13
148.
13
148.
13
0.00
148.
13

143.
44
3000
.00
143.
44
143.
44
143.
44
0.00
143.
44

143.
44
150
0.00
143.
44
143.
44
143.
44
0.00
143.
44

143.
44
150
0.00
143.
44
143.
44
143.
44

143.
44
150
0.00
143.
44
143.
44
143.
44

143.
44
150
0.00
143.
44
143.
44
143.
44

143.
44
150
0.00
143.
44
143.
44
143.
44

143.
44
150
0.00
143.
44
143.
44
143.
44

143.
44

143.
44

143.
44

143.
44

143.
44

143.
44
150
0.00
143.
44
143.
44
143.
44
0.00
143.
44

143.
44
150
0.00
143.
44
143.
44
143.
44
0.00
143.
44

0.00

0.00

0.00

0.00

0.00

0.00

0.00

Equity
Shares
Forfeited
Adjustments to Equity
Preference
Capital
Paid Up
Convertible
Pref. Shares
Non
Convertible Pref. Shares
Unclassified Shares
Paid Up
Face Value
10.0
0
Share
Warrants
& 0.00
Outstandings
Total Reserves
6989
.68
Statutory Reserve
2198
.42
Revenue
&
Other Reserves
Securities Premium
1006
.28
Contingency Reserve
Capital Redemption
Reserve
Debt
Redemption
Reserve
Foreign
currency
Translation Reserve

10.0
0
0.00

10.0
0
0.00

10.0
0
0.00

10.0
0
0.00

10.0
0
0.00

10.0
0
0.00

10.0
0
0.00

10.0
0
0.00

10.0
0
0.00

5631
.43
1823
.42

475
3.07
147
3.42

408
5.07
124
9.42

362
2.02
104
9.42

323
1.45
879.
42

291
1.48
759.
42

262
5.21
658.
42

222
6.76
531.
81

190
2.80
426.
25

701.
97

701.
97

701.
97

701.
97

701.
97

701.
97

701.
96

701.
96

701.
96

Capital Reserves

698.
68

Amalgamation
Reserve
Profit & Loss Account
Balances
General Reserves
2748
.31
Special Reserve
328.
11
Forex
Earning
Reserves
Reserve for Bad and
Doubtful Debts
Overdue
Interest
Reserve
Investment
9.87
Fluctuation Reserve
Deferred Tax Reserve
Investment Allowance
(Utilised) Reserve
Minority reserve
Hedging reserve
Other Reserves
Revaluation Reserves
Revaluation reserve
Assets
Revaluation reserve Investment
Reserve
excluding 6989
Revaluation Reserve
.68
Deposits
1167
47.5
0
Demand Deposits
1407
0.78
Savings Deposit

695.
63

475.
40

95.8
2

56.0
9

24.9
3

24.9
3

24.9
3

0.03

0.03

2163
.42
237.
11

193
3.30
159.
11

193
2.89
95.1
1

174
4.43
70.1
1

162
5.13

981.
17

795.
90

761.
52

684.
80

9.87

9.87

9.87

444.
00

444.
00

231.
45

89.7
7

5631
.43
9273
3.67
1345
2.99

1622
6.12

1302
5.26

Term Deposits / Fixed 8645

Deposits
0.60

6625
5.42

Current Deposits
Recurring Deposits
Other Deposits
Borrowings
Borrowings

1596
5.38
From 2190

9077
.53
350.

0.00

0.00

0.00

0.00

0.00

0.00

0.00

475
3.07
739
83.9
1
131
74.1
9
100
89.4
7
507
20.2
5

408
5.07
554
24.4
2
105
06.1
3
889
8.91

362
2.02
423
56.8
9
677
7.33

323
1.45
328
76.5
3
474
6.50

291
1.48
272
33.1
6
409
2.93

262
5.21
231
90.9
3
355
9.34

222
6.76
217
24.5
7
292
2.44

190
2.80
189
24.2
7
231
4.03

765
1.79

653
9.60

532
6.43

432
3.81

327
5.50

260
9.06

360
19.3
9

279
27.7
7

215
90.4
4

178
13.7
9

153
07.7
8

155
26.6
3

140
01.1
7

480
9.90
133

213
7.60

302
1.01
185.

166
0.08

129
7.89

934.
13

803.
34
24.7

142
3.55
351.

Reserve Bank of India

Borrowings
From
Other Banks
Borrowings
From
GOI
Borrowings
From
Other
Financial
Institutions
Borrowings in the
form
of
Bonds
/
Debentures
Borrowings in Other
Form
Borrowings From Out
of India
Multilateral/Bilateral
Credit Agencies
Intl. banks, insts,
and consortiums
Bonds and notes
Other outside India
borrowings
Other
Liabilities
&
Provisions
Bills Payable

.00
5445
.00

00
950.
70

8.92
0.01

31
699.
80

0.65

7.30

1
170.
21

05
509.
70

0.00
1258
.14

2499
.57

282.
07

470.
64

785.
21

779.
82

525.
47

41.0
7

509.
03

562.
79

5337
.50

4787
.50

273
7.50

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

166
6.96
0.00

135
0.69

880.
26

771.
77

885.
76

99.4
0

0.00

135
0.69
357
7.29
569.
37
47.1
0
157.
12
300.
00
115.
33

880.
26
259
5.14
881.
00

771.
77
233
7.88
113
9.81

885.
76
225
9.98
112
9.75

99.4
0
137
3.86
710.
06

0.00

99.5
4
300.
00
73.8
3

84.1
5

54.0
5

47.4
5

55.7
1

20.6
0

14.3
9

29.1
8

15.0
6

1734
.75

489.
76

451.
41

0.00

451.
41
321
5.49
441.
46

499.
01

489.
76
4081
.24
582.
96
11.8
3
356.
31

254.
62

278.
47

105.
47

165.
49
800.
00
139.
91

375.
76

285.
76

246.
26

237.
26

172.
66

92.8
1

45.8
1

34.1
0

29.6
0

26.8
0

296.
27
dividend 48.0
6

236.
67
40.2
2

114.
75
19.5
0

86.0
6
14.6
3

71.7
2
12.1
9

50.2
0
7.04

50.2
0
7.04

43.0
3
5.51

64.5
5
8.27

52.1
1

2289
.02

206
4.86

278
5.75

213
1.81

109
0.71

990.
27

979.
14

484.
74

477.
69

Inter-office
adjustment Liabilities
Interest Accrued
Unsecured
Debentures/Bonds/Debt
Deferred
Tax
Liabilities
Sundry creditors
Credit Balances
Provision for standard
assets
Security deposits from
clients
Proposed Dividend

1734
.75
3657
.91
618.
74

0.00
166
6.96
480
7.14
578.
04

Corporate
tax payable
Pay Orders
Suspense Account
Other Liabilities & 1565
Provisions
.46

223.
20

121
0.15
582.
78

Total Liabilities

1435
08.5
9

APPLICATION
OF
FUNDS :
Cash and balance with 8142
Reserve Bank of India
.32
Cash with RBI
7529
.38
Cash in hand & others 612.
94
Balances with banks and 2250
money at call
.19
Bank Balance and Call 541.
Money - In India
06
Balances With Bank
341.
06
Money at Call Notice 200.
00
Bank Balance and 1709
Call Money - Outside .13
India
Investments
4345
2.74
Investments in India

GOI/State
Securities

1116
67.3
0

869
05.8
1

665
97.6
8

527
20.6
4

405
06.6
3

339
23.8
5

291
53.6
9

262
71.9
8

236
04.1
9

8835
.03
8420
.58
414.
46
1956
.89
1098
.38
103.
95
994.
43
858.
51

559
0.60
522
4.77
365.
84
494
9.09
108.
84
108.
84

710
3.53
662
4.77
478.
76
181
2.32
177
1.32
177
1.32
0.00

192
0.89
168
1.06
239.
83
165
9.75
103
5.92
860.
92
175.
00
623.
83

128
3.94
112
2.42
161.
52
114
5.10
707.
65
707.
65
0.00

41.0
0

163
9.79
137
6.75
263.
04
244
8.90
100
3.37
598.
37
405.
00
144
5.53

169
4.37
144
8.57
245.
80
114
1.83
736.
12
736.
12
0.00

484
0.26

298
3.67
269
1.58
292.
09
373
5.22
150
2.55
141
7.55
85.0
0
223
2.68

405.
71

437.
45

133
6.24
121
2.57
123.
66
200
9.88
761.
98
661.
98
100.
00
124
7.90

3452
2.63

165
12.3
8
165
12.2
9
141
34.0
5
111.
99
136.
13
524.
85

144
17.4
9
144
17.3
7
115
71.9
8
119.
73
156.
24
901.
17

106
52.0
0
106
51.7
8
889
6.16

102
61.1
1
102
61.0
5
831
7.59

106
85.0
4
106
84.9
8
867
0.67

106
69.9
0
106
69.8
4
834
5.76

805
6.49

122.
06
132.
15
116
6.54

148.
14
35.7
0
131
3.45

181.
21
58.6
7
153
9.60

188.
00
54.2
3
178
8.34

243.
23
54.0
4
165
8.20

115.
00
117.
08
2.64

0.06

20.7
2
439.
66
1312
.92

58.3
8
354.
62
1266
.47

249
37.7
7
249
37.6
7
175
52.3
8
89.2
7
125.
54
111
9.12

78.8
7
1111
.62
1239
8.73
0.10

77.6
4
780.
26
7193
.42
0.10

77.6
4
472.
61
550
1.11
0.10

102.
64
565.
63
937.
01
0.10
0.00
0.00

102.
64
120.
46
144
5.16
0.12

117.
64
190.
50
26.7
4
0.22

117.
64
328.
52

117.
64
117.
19

0.06

0.06

115.
00
152.
35
26.1
6
0.06

0.10

0.10

0.10

0.12

0.22

0.06

0.06

0.06

4345
2.65

3452
2.53

Govt. 2809
0.14

2479
1.74

Approved Securities
Others
Equity
Shares

Corporate
Debentures & Bonds
Preference Shares
Corporate
Subsidiaries
and/or
joint ventures/Associates
Units
MF/
Insurance/CP/PTC
Other Investments

Investments outside India

Government securities
Subsidiaries
and/or
joint ventures abroad
Other
investments 0.10

805
6.43
586
6.24

0.06

outside India
Less:
Prov
for
Diminution in Value of
Invest.
Advances
8685
0.40

6320
2.56

Bills Purchased &

Discounted
Cash Credit, Over
Draft & Loans repayable

2131
.79
4323
3.06

2025
.95
3158
1.94

4148
5.56

2959
4.67

Term Loans

Finance lease and hire

purchase receivable
Advances Others
Gross block
904.
03
Premises
158.
11
Assets
Given
on
Lease
Other Fixed Assets
745.
91
Less:
Accumulated 577.
Depreciation
61
Less: Impairment of
Assets
Net Block
326.
42
Lease Adjustment
Capital Work in Progress 4.59
Other Assets
2481
.93
Inter-office
160.
adjustment Assets
56
Interest
Accrued 641.
Assets
34
Tax
paid
in 866.
advance/TDS
55
Stationery and stamps 2.23
Non-banking
assets 0.17
acquired
Deferred tax asset
Suspense
Account
Assets
Pre-paid Expenses

485
12.1
6
185
1.69
246
19.7
4
220
40.7
3

391
85.5
7
150
9.91
162
34.8
8
214
40.7
8

299
49.6
5
132
0.11
105
85.6
8
180
43.8
6

239
62.4
3
128
7.23
890
9.68

185
46.3
8
120
6.29
711
8.34

138
89.7
2
109
7.94
602
7.55

120
29.1
7
811.
13
604
1.07

109
87.4
1
610.
47
582
3.61

137
65.5
2

102
21.7
4

676
4.23

517
6.97

455
3.34

813.
17
147.
09

775.
86
143.
07

0.00
723.
40
131.
05

692.
44
125.
98

619.
75
105.
42

571.
47
99.9
2

497.
95
96.1
4

425.
47
90.5
9

344.
17
88.5
4

666.
08
525.
66

632.
79
476.
94

592.
35
451.
65

566.
46
411.
40

514.
33
363.
90

471.
54
315.
27

401.
81
248.
54

334.
88
192.
53

255.
62
144.
83

287.
51

298.
92

271.
75

281.
04

255.
85

256.
20

249.
41

232.
95

199.
34

261
7.26
372.
94
485.
29
113
1.13
2.32
0.17

171
2.12
266.
30
378.
93
614.
78
2.19
0.17

135
3.58

154
7.66
562.
12
250.
32
446.
55
2.35
0.17

127
9.53
395.
26
246.
67
242.
15
1.91
0.17

149
3.33
324.
20
313.
60
497.
22
2.48
0.17

910.
91
139.
20
323.
07
252.
38
1.44
0.17

101
4.84
190.
44
311.
91
359.
55
1.41
0.09

5.18
2857
.49

515.
40
1575
.85
2.36
0.17

369.
01
455.
86
3.18
0.17

Other Advances
Less : Provisions for
Doubtful Advances
Assets Others
811.
08
Miscellaneous
Expenditure not written
off
Total Assets
1435
08.5
9
Contingent Liabilities
4870
2.39

763.
72

625.
41

449.
76

525.
36

286.
16

393.
36

355.
67

194.
65

151.
43

1116
67.3
0
4096
4.78

869
05.8
1
422
30.9
7
34.5
7

665
97.6
8
274
32.4
6
34.9
2

405
06.6
3
192
22.6
9
42.8
3
138.
26
106
80.6
2
231
4.01
287.
87
240
8.87

339
23.8
5
134
06.8
6
39.0
8

291
53.6
9
732
0.20

262
71.9
8
647
6.46

236
04.1
9
423
9.68

44.3
1

38.9
0

50.2
8

164
74.1
1
468
6.89
928.
09
344
7.54

527
20.6
4
230
94.2
4
51.2
8
67.2
7
130
16.4
0
349
6.81
460.
35
313
5.73

934
7.59

426
6.75

448
5.34

266
5.02

187
2.70
81.0
3
163
4.03

154
8.27
61.7
7
135
3.05

123
9.96
25.6
6
668.
37

100
1.13
30.2
3
466.
42

186
0.91

286
6.39

320
7.67

404.
88

302
2.13
262.
51
262.
51

142.
56
220
5.87
235.
29
235.
29

27.5
5
135
0.46
212.
98
212.
98

46.0
5
130
4.12
193.
02
193.
02

18.2
4
122
7.43
165.
24
165.
24

26.6
1
981.
58
142.
66
142.
66

Claims
not
acknowledged as debts
Liability for partly
paid investments
Outstanding forward
exchange contracts

296.
82

30.2
7

2127
3.12

2370
4.93

Guarantees given in
India
Guarantees
given
Outside India
Acceptances,
endorsements & other
obligations
Currency swaps
Interest Rate swaps,
currency options
Liability on account
of Derivatives Contracts
Estimated
Capital
Contracts Remaining
Other
Contingent
liabilities
Bills for collection

1074
4.56
1027
.34
1103
9.60

8847
.56
852.
62
6904
.40

279
23.0
8
596
0.95
574.
73
587
5.77

4320
.95

625.
00

186
1.88

Book Value
Adjusted Book Value

4718
.52
481.
86
481.
86

3762
.14
402.
60
402.
60

327
0.91
341.
37
341.
37

373
1.84
294.
80
294.
80

Here, five year trend of assets and liabilities balance is shown. From this we can see that
Deposits are growing in a approximately similar manner year to year. Growth in 2007-08 is 31%
where as that is in 2010-11 is 26%. Borrowings are also increasing except in 2008 it was reduced
by 40% in 2008.

Cash flow statement

DESCRIPTION

Mar
-11

Mar
-10

Mar
-09

Mar
-08

Ma
r07

0.0
0
Adjustments for Expenses &
269 220 185 131 119
Provisions :
2.00 4.97 2.40 1.01 9.3
9
Depreciation and amortisation 69.2 65.9 54.9 59.5 59.
6
3
6
4
38
Net (appreciation) /
depreciation on investments
Provision in respect of nonperforming assets
Provision for contingencies &
0.00 0.0
others
0
Dividend from subsidiaries

Ma
r06

Ma
r05

Ma
r04

Ma
r03

Ma
r02

110
6.3
3
56.
27

111
3.8
9
68.
99

940 901 654

.62 .30 .77

Net Profit Before Taxes

Profit/Loss on sale of fixed

assets

0.34 2.32 0.82

Interest paid/received

293 190 169

9.74 3.34 0.98

Other Expenses

317.
34
175
4.13

Adjustments for Liabilities &

Assets:

233. 105.
39
64
157. 284
72
4.90

11.
50
0.33 0.0
0.5
3
9
144 137 122 112
3.32 7.8 6.8 9.3
0
1
9
192. 237 175 72.
18
.76 .30 40
132 184 8.60 9.7 206 21.
4
.14 86

(Increase)/Decrease in
investments

810 834 616 209

3.51 5.33 6.55 4.89

(Increase)/decrease in
advances

236
47.8
4
688
7.86

Increase/(decrease) in
borrowings
Increase/(decrease) in
deposits
(Increase)/decrease in other

146
90.4
0
426
7.63

932 923
6.59 5.92

65.2
1
240 187 185
13.8 49.7 59.4
3
5
9
810. 434. -

883.
40
130
67.5
3
-

1.5
0
0.0
4

60.
15

48.
86

31.
97

26.
50
0.0
7
963
.93

0.0
9
792
.14

0.1
3
625
.21

56.
89
150
.88

60.
39

2.2
7
147 688
1.9 .92
5
423 376 390 .93 15. 261 119
5.4 .89
14 3.4 6.1
9
1
5
598 541 465 186 104 232
7.2 6.0 6.6 0.5 1.7 1.3
2
5
6
5
6
1
136 362 363 130 828
0.9 .18 .76 .79 620 .60
3
.21
948 564 404 146 280 236
0.3 3.3 2.2 6.3 0.3 4.1
7
7
3
6
1
3
421 400 307 -

assets
Increase/(decrease) in other
liabilities and provisions
Refund/(payment) of direct taxes

Other Direct payments

Net cash generated from
operating activities
Cash flow from investing
activities
Investments in subsidiaries
and/or joint ventures
Income from Subsidiaries /
joint ventures/Associates
Purchase of fixed assets

Proceeds from sale of fixed

assets
(Purchase)/sale of held to
maturity securities
Income From Investments
Other Investment activities
Net cash generated from
investing activities
Cash flow from financing
activities
Proceeds from issue of share
capital
Net proceeds/(repayment) of
bonds/debts
Dividend and dividend tax
paid
Other Financial activities

Net cash generated from

financing activities
Net increase/(decrease) in cash
and cash equivalents
Cash and cash equivalents at 1st
April

44

44

353.
95
197.
171 258. 71
4.90 37
436. 673. 551.
04
50
19

125. .56
91
601. 339
20
.59

44.
95
359
.80
232. 227 223
63
.48 .18

501. 168 414 240 282 677

83
9.20 6.10 6.97 1.6 .00
5
111. 58.5 87.2 50.5 84. 54.
35
9
2
8
54 46

.51

331 .86
.28
458 595 .94 304
.63
.74
186 251 203
.70 .13 .93

49.
98
314
.20
144
.44

905 538 .33 .60 774

.58
63. 50. 82.
70 04 38

178
.59
59.
21

11.
50
80.
42
5.2
2

26.
50
81.
81
5.2
7

82.
85
0.4
7

59.
70
0.4
9

140.
45
53.2
3

55.2
6
4.68

92.
40
7.8
6

1.5
0
59.
45
3.4
9

32.1 1
134. 176.
25
21
309.
00

159.
43
0.00

106
.91
0.0
0

114
.49
0.0
0

97.
19
0.0
0

81.
41
0.0
0

60.
11
0.0
0

399
.53

276. 134. 176. 159. 122

90
25
21
43
.67
15.
76

114
.49
0.0
0

97.
20
0.0
1

72.
82
8.6
0

52.
11
8.0
0

52.
90
7.0
0

744 407 .44 .15 917

.07
283 242 334
6.2 9.0 6.1

161
.74

116.
74
5.38

60.0
5
1.47

422. 149 388 219 263 508

58
6.36 2.68 6.97 0.2 .06
0
142 127 891 671 408 358
94.8 98.5 5.85 8.89 8.6 0.6

459
.43

318
4.3

9
Cash & Cash Equivalent on
Amalgamation / Take over /
Merger
Cash & Cash Equivalent of
Subsidiaries under liquidations
Translation adjustment on
reserves / op cash balalces frgn
subsidiaries
Effect of exchange fluctuation
on translation reserve
Cash and cash equivalents at
31st March

0.00
147 142 127 891 671 408 358 283 242 334
17.4 94.8 98.5 5.85 8.8 8.6 0.6 6.2 9.0 6.1
7
9
3
9
9
3
0
4
2

3. Financial Analysis
Financial statements are analyzed to answer several questions. A few of them are listed below
along with the relevant techniques used for the same:
(a) How my company is different from other companies in the industry on
distribution of assets, liabilities and cost? Since size of the companies compared
will be different, we need to bring them on certain common scale. For instance,
SBI is several times more than Canara Bank. Comparison is possible if we are
able to reduce the financial statements into percentage basis. This is called
common size statement analysis. Common size statement analysis performed
on yearly basis explains changes in assets/liability mix and cost structure.
(b) How my company has grown over the years? Since growth is important for longterm survival, managers would be interested to assess the growth of the company on
various components. This is achieved by taking base year values as 100 and
then subsequent years values are adjusted to show the growth rate. This type of
analysis is called Trend Analysis or Time Series Analysis.

Common size statement analysis

Trend Analysis

Here in this graph trend analysis for the year 2007-08 is given. It shows that in the starting period
banks growth was more than a base years growth but in the later part it fell down 60% in
march-08 and at the end of the year it was quite similar to that of base year.

Du Pont analysis
DESCRIPTION

Mar
-11
PBITM%
88.9
9
Sales / Total Assets(x)
0.06
Return on Assets
5.66
Interest to debt
38.8
1
Debt to Assets
0.11
ROA (After Interest)
19.8
0
Assets to Shareholders' 20.1
funds
1
ROE
before
Other 27.0
income
9
Other
inc
to 18.5
shareholders' funds
5
ROE after Other income 45.6
4
Tax rate
26.9
1
ROE After Tax rate
33.3
6

Mar
-10
96.5
5
0.06
6.04
56.0
1
0.08
20.2
6
19.3
4
28.7
9
25.8
6
54.6
4
29.6
0
38.4
7

Mar
-09
94.9
8
0.07
6.63
90.9
9
0.06
18.2
3
17.7
5
28.3
1
22.6
1
50.9
2
35.6
0
32.8
0

Mar- Mar
08
-07
91.63 85.3
7
0.07 0.06
6.21 5.44
143.7 67.9
7
4
0.03 0.06
17.38 14.2
4
15.75 14.0
0
25.20 21.6
9
16.55 16.8
8
41.74 38.5
6
31.01 34.3
4
28.80 25.3
2

Mar
-06
78.9
7
0.06
5.12
84.3
1
0.04
13.1
7
12.0
0
19.9
9
16.9
3
36.9
2
34.1
1
24.3
3

Mar
-05
76.6
7
0.07
5.08
86.3
3
0.04
13.1
6
11.1
0
19.7
9
18.4
8
38.2
7
33.4
8
25.4
6

Mar- Mar- Mar

04
03
-02
91.26 92.13 91.5
3
0.08 0.08 0.08
6.89 7.37 7.54
132.4 163.1 92.7
5
2
6
0.03 0.03 0.06
18.21 17.55 15.0
6
10.53 11.08 11.5
4
27.87 26.44 22.5
0
18.66 22.44 18.6
7
46.53 48.87 41.1
6
34.66 33.61 33.0
7
30.41 32.45 27.5
5

4. Ratio Analysis
Ratio analysis is a tool used to conduct a quantitative analysis of information in a company's
financial statements. Ratios are calculated from current year numbers and are then compared to
previous years, other companies, the industry, or even the economy to judge the performance of
the company. Ratio analysis is predominately used by proponents of fundamental analysis.
Some of the ratios analyzed in sub-sequent pages are:
(a)
(b)
(c)
(d)

Profitability ratio
Liquidity ratio
Turnover ratio
Market ratio

Profitability Ratio
It is a class of financial metrics that are used to assess a business's ability to generate earnings as
compared to its expenses and other relevant costs incurred during a specific period of time. For
most of these ratios, having a higher value relative to a competitor's ratio or the same ratio from a
previous period is indicative that the company is doing well.
For corporation bank profitability ratio analysis is shown in below table:
DESCRIPTIO
N

Mar11

Mar10

Mar09

Mar08

Mar07

Mar06

Mar05

Mar04

Mar03

Mar02

Core Operating
Profit
Net Profit
Growth

54.45 12.56

17.16

10.34

6.63

8.63

17.16

21.69

26.70

7.55

20.77 31.08

21.47

37.09

20.63

10.52

20.23

21.19

35.02

17.67

Here we can clearly see that the operating profit is increasing tremendously in the year 2010-11
that means the main profit generated is increasing in proportion more than the sales. But
operating profit decreased in 2009-10 that was due to economic downturn.

Here we can see that the net profit ratio is showing alternate up-down pattern but the ratio in all
the cases are appropriate since the net profit is much more times than sales in terms of
percentage so the company should try to maintain this ratio and if possible the can even increase
it.

Liquidity Ratio
DESCRIPTION
Loans/Deposits(x)
Cash/Deposits(x)
Investment/Deposits(x)
Inc Loan/Deposit(%)
Credit/Deposits(%)
Interest Expended / Interest
earned(%)
Interest income / Total funds
(%)
Interest Expended / Total
funds (%)
CASA (%)
Assets Quality
Net NPAs (funded) to Net
Advances (%)

Mar
-11

Mar
-10

Mar
-09

Mar
-08

Mar
-07

Mar
-06

Mar
-05

Mar
-04

Mar
-03

Mar
-02

0.14
0.07
0.37
13.6
8
74.3
9
67.8
2
6.37

0.10
0.10
0.37
9.79

0.07
0.08
0.34
6.50

0.04
0.13
0.30
3.86

0.07
0.07
0.34
7.13

0.05
0.05
0.32
5.05

0.05
0.07
0.38
4.77

0.04
0.07
0.46
4.03

0.04
0.06
0.49
3.70

0.08
0.07
0.43
7.52

68.1
5
72.7
6
6.26

65.5
7
72.1
3
6.98

70.7
0
68.0
4
6.78

70.7
1
61.0
7
6.37

72.8
9
53.2
9
6.48

68.1
0
49.8
0
6.63

59.8
9
56.2
1
7.55

55.3
7
62.3
2
8.00

58.0
6
67.8
7
8.24

4.32

4.55

5.04

4.61

3.89

3.46

3.30

4.24

4.99

5.59

25.9
5

28.5
5

31.4
4

35.0
1

34.0
7

34.3
3

34.5
9

33.9
9

28.5
3

26.0
1

0.46

0.31

0.29

0.32

0.47

0.64

1.12

1.80

1.65

2.31

Here, we will see the liquidity ratio comparison with four other public and private sector banks.
Graph of the same is shown below.

Corporation bank is having highest approved securities i.e. 19.63% compared to others. Overall
Corporation bank has liquidity of 29%.

Earnings Ratio

All the data related to earnings ratio is taken in comparison with four other banks. Net profit to
average return ratio shows return on assets. Higher the ratios better the position. For corporation
bank it is quite high so its position is stronger.
Overall Corporation Bank is performing well compare to other banks in earnings ratio.

Conclusion
From whole analysis of the financial data of the Corporation Bank it is clear that bank has deep roots as
a financial institution. Moreover it is making its place in the market slowly and steadily. With so many
innovations, technological changes and new techniques bank is competing over the market and growing
itself. Though market share is very small but Bank has strong market position.

Bibliography
ACEEQUITY software
www.scribd.com
www.moneycontrol.com