FM leads

to
valuation P&L BS
1 Data collection, historicals
Quickly scan the data; look for
anamolies; conduct mangement
2 interviews
Quickly understand the
3 revenue & cost drivers
Revenue modeling & cost
4 modeling EBITDA

5 Asset schedule: capex Dep; EBIT GB; Accum Dep; NB

CA (except Cash);
6 Working capital line items CL (execept STB)
LONg term Liab &
7 Debt schedule I; PBT STB

Taxes modeling (MAT; carry DTA / DTL; Equity

8 forward losses; deferred taxes) Taxes; PAT section
9 Cash flow preparation
Fresh capital issuance / Interest; PBT & Cash balance &
10 repayments taxes debt balances
11 DCF
12 Sensitivity
13 Rel Valuation

Three distinct parts of model

1 Conceptualization
2 Assumptions High
3 Linkages Higher

Only three requirements

1 Simple
2 Robust
3 Scalable
CF

CF
complete the
cash flow
Instructions
1 Each Group has to analyse set of banks using CAMEL model
2 Calculate ratios using formulas given in first sheet. The sheet gives you complete guidance o
3 Ratios for last 5 years for each bank
4 Similar to the ratio assignment, For each Bank also include a colume calculating "average of
5 Adjacent to the Core Bank allocated to the group - please create an industry average ratio as
6 Enter all figures in Crores - be consistent
7 Ensure to create backup sheet adjacent to the main sheet in the sme file and link it so that I

BooksPrinciples
you can&refer for additional
Practices of Banking -readings
By Indian Institute of Banking & Finance -Macmillan
1 Publication.
2 Khan M.Y., Indian Financial System, Tata McGraw Hill Publishing Company
ves you complete guidance on each parameter used in the formula.

lume calculating "average of 5 years" for each banks

e an industry average ratio as we did in Ratios Assignment

e sme file and link it so that I can audit

g & Finance -Macmillan

Company
 PARTICULARS
RATIO
CAPITAL ADEQUACY RATIOS
CRAR
Debt to Equity
Advances to Total Advances ratio
Gov Sec to Investment ratio

ASSETS QUALITY RATIOS

Net NPAs to Net Advances ratio
Net NPAs
Net Advances
Total Investments to Total Assets Ratio
Net NPAs to Total Assets
Change in Net NPA

Percentage Change in Net NPAs (NNPA)

MANAGEMENT EFFECIENCY RATIOS

Total Advances to Total Deposits
Profit per Employee
Business per Employee
Return on Equity

EARNING QUALITY RATIOS

Operating Profit to Total Assets
Net Profit to Total Assets
Interest Income to Total Income
NII ( NET INTEREST INCOME)
Spread or Net Interest Margin (NIM)%

LIQUIDITY RATIOS
Liquid Assets to Total Assets
Liquid Assets to Demand Deposits
Approved Securities to Total Assets
 PARTICULARS Core Banking Co
FY16
FORMULAS
CAPITAL ADEQUACY RATIOS
(Tier 1 & Tier 2 Capital) / Aggregated risk weighted Assets(RWA)
Total Borrowing / Total shareholders Networth
Total Advances / Total Assets 0.57
Total investment in Government Securities / Total Investments 0.20

ASSETS QUALITY RATIOS FY16

0.36
Gross NPAs - Provisions on NPAs 321.70
Gross Advances - provisions on NPAs 437.77
Total Investments / Total Assets 0.19
Net NPAs / Total Assets 0.00
Change in Net NPA = (Net NPA for fy2) - (Net NPA for fy1) 111.20
Percentage Change NNPA = Change in Net NPA / (Net NPA for fy1) in
percentage terms 35%

NAGEMENT EFFECIENCY RATIOS FY16

Total Advances / Total Deposits 0.67

Profit after Tax / Total number of Employees 0.22
Total Income / Total number of Employees 2.25
Profit after Tax / Average of Total Equity 11.19

EARNING QUALITY RATIOS FY16

Operating Profit / Average of Total Assets 0.00

Profit after Tax / Average of Total Assets 0.01
Interest Income / Total Income 0.88
Interest Income - Interest Expense 13691.55
5%
NII / ( Average Earning Assets)

LIQUIDITY RATIOS FY16

Liquid Assets / Total Assets 0.20

Liquid Assets / Demand Deposits 0.23
Approved Securities / Total Assets
ore Banking Company Assigned to Group : INDUSIND BANK
Average of Industry Average of 5
FY15 FY14 FY13 FY12
5 years years

0
0
0.48 0.60 0.77 0.64 0.61
0.14 0.13 112.31 0.14 22.58

Average of Industry Average of 5

FY15 FY14 FY13 FY12
5 years years

0.31 0.33 0.31 0.27 0.316

210.50 184.10 136.76 94.67 189.55
342.54 117.59 123.43 101.75 224.62
0.14 0.18 0.00 0.19 0.14
0.00 0.00 0.00 0.00 0.00
26.50 47.24 42.09 21.85 49.776

13% 26% 31% 23% 25%

Average of Industry Average of 5

FY15 FY14 FY13 FY12
5 years years

0.69 0.70 0.69 0.74 0.70

0.20 0.32 0.42 0.56 0.34
2.63 2.95 3.56 3.69 3.02
8.95 11.72 11.51 13.04 11.28

Average of Industry Average of 5

FY15 FY14 FY13 FY12
5 years years

0.01 0.01 0.01 0.01 0.01

0.00 0.01 0.01 0.01 0.01
0.89 0.88 0.89 0.88 0.89
14368.36 12858.46 11955.65 10764.15 12727.63
5% 6% 7% 6% 6%

Average of Industry Average of 5

FY15 FY14 FY13 FY12
5 years years

0.17 0.20 0.20 0.14 0.18

0.24 0.23 0.18 0.17 0.21
0
 Peer 1 : YES BANK Peer 2 :
Average of
FY16 FY15 FY14 FY13 FY12 FY16
5 years

0
0
0
0

Average of
FY16 FY15 FY14 FY13 FY12 FY16
5 years

0
0
0
0
0
0

Average of
FY16 FY15 FY14 FY13 FY12 FY16
5 years

0
0
0
0

Average of
FY16 FY15 FY14 FY13 FY12 FY16
5 years

0
0
0
0
0

Average of
FY16 FY15 FY14 FY13 FY12 FY16
5 years

0
0
0
 Peer 2 : IDFC BANK Peer 3 : RBL BAN
Average
FY15 FY14 FY13 FY12 of 5 FY16 FY15 FY14
years

0
0
0
0

Average
FY15 FY14 FY13 FY12 of 5 FY16 FY15 FY14
years
0
0
0
0
0
0

Average
FY15 FY14 FY13 FY12 of 5 FY16 FY15 FY14
years
0
0
0
0

Average
FY15 FY14 FY13 FY12 of 5 FY16 FY15 FY14
years
0
0
0
0
0

Average
FY15 FY14 FY13 FY12 of 5 FY16 FY15 FY14
years
0
0
0
er 3 : RBL BANK
Average
FY13 FY12 of 5
years

0
0
0
0

Average
FY13 FY12 of 5
years
0
0
0
0
0
0

Average
FY13 FY12 of 5
years
0
0
0
0

Average
FY13 FY12 of 5
years
0
0
0
0
0

Average
FY13 FY12 of 5
years
0
0
0
 Statement of Profit
Particulars

1 INCOME
Interest Earned
Other Income
TOTAL
2 EXPENDITURE
Interest Expended
Operating Expenses
Provisions and Contingencies
TOTAL
3 PROFIT
Net Profit for the year
Profit Brought Forward
TOTAL
4 APPROPRIATIONS
Transfer to
(a) Statutory Reserves
(b) Capital Reserves
(c) Investment Reserves Account
(d) Proposed Final Dividend
(e) Corporate Dividend Tax

Balance Carried over to the Balance Sheet

TOTAL
 BANK OF BARODA
Statement of Profit and Loss as on 31.3.16/15/14/13/12
As at 31 March, As at 31 March, As at 31 March,
2016 (Rs. In Crores) 2015 (Rs. In Crores) 2014 (Rs. In Crores)

45,798.99 44,914.97 40,462.89

5,992.18 5,449.27 5,555.15
51,791.17 50,364.24 46,018.05

32,107.44 30,546.61 27,604.43

9,962.42 8,604.41 7,592.29
14,774.39 7,380.52 5,890.09
56,844.25 46,531.55 41,086.81

5,067.68 3,911.73 5,000.73

553.40 415.85 281.19
5,621.08 4,327.58 5,281.92

43.08 448.43 352.01

- 12.27 8.18
- 37.16 0.07
292.62 212.01 184.08
59.57 43.15 31.28
395.27 753.03 575.62
5,013.45 3,664.02 2,623.33
5,408.73 4,417.05 3,198.95
212 (89) 2,083
 As at 31 March, As at 31 March, As at 31 March,
2013 (Rs. In Crores) 2012 (Rs. In Crores) 2011 (Rs. In Crores)

36,442.06 30,488.49 22,513.31

4,510.62 4,100.42 3,287.10
40,952.68 34,588.91 25,800.41

24,486.41 19,724.34 13,349.60

6,306.36 5,455.54 4,850.59
5,409.43 4,192.74 3,181.02
36,202.20 29,372.62 21,381.20

4,804.23 5,248.57 4,433.71

178.73 138.66 82.20
4,982.96 5,387.24 4,515.91

265.30 200.65 144.33

8.36 8.63 1.10
0.40 0.52 0.69
157.09 102.89 93.23
26.69 16.69 15.12
457.84 329.38 254.48
1,790.93 1,187.59 714.36
2,248.77 1,516.97 968.84
2,734 3,870 3,547
 Particulars

2
 Balan
Particulars

CAPITAL AND LIABILITIES

Capital
Reserves and Surplus
Minority Interest
Deposits
Borrowings
Other Liabilities and Provisions
TOTAL
ASSETS
Cash and Balances with RBI
Balance with Banks and Money at Call and Short Notice
Investments
Loans and Advances
Fixed Assets
Other Assets
TOTAL
 BANK OF BARODA
Balance Sheet as on 31.3.16/15/14/13/12
For the year ended For the year ended For the year ended
31 March, 2016 ( Rs In 31 March, 2015 ( Rs In 31 March, 2014 ( Rs In
Crores) Crores) Crores)

462.09 443.56 430.68

42,041.07 41,574.09 37,416.15
193.69 186.72 158.41
586,690.47 629,981.25 579,997.06
33,845 35,502 36,976
7,204.81 26,290.24 21,135.52
670,437.35 733,977.38 676,114.11

22,810.75 23,556.94 19,444.73

114,188.30 128,074.25 114,910.94
128,894.06 124,738.96 122,112.86
391,485.99 435,415.49 403,715.37
6,359.17 2,978.41 2,849.30
27,440.81 192,133.23 13,080.90
691,179.08 906,897.28 676,114.11
(20,742) (172,920) -
 For the year ended For the year ended For the year ended
31 March, 2013 ( Rs In 31 March, 2012 ( Rs In 31 March, 2011 ( Rs In
Crores) Crores) Crores)

422.52 412.38 392.81

32,859.25 28,103.92 21,433.76
110.05 91.18 72.91
482,638.89 392,615.95 311,603.25
26,553 23,598 22,378.33
16,804.67 12,590.52 10,332.71
559,388.33 457,412.01 366,213.77

14,151.18 22,268.34 20,394.42

73,550.88 43,542.00 31,029.31
125.62 86,697.00 74,154.42
333,625.20 292,077.14 232,085.11
2,550.43 2,428.19 2,383.20
9,893.59 10,399.33 6,167.31
433,896.90 457,412.01 366,213.77
125,491 - -
 2016 2015 2014 2013 2012
Average Total Equity 452.82675 437.11835 426.5969 417.45105 402.59595
No of Employees 23060 19121 15590 11502 9370

Average Total Assets 799038.1797 791505.69485 555005.5009 445654.4511 411812.8858

Liquid Assets 136,999.05 151,631.19 134,355.67 87,702.07 65,810.35

Operating Profit 3729.1312 5763.9442 5266.1784 5649.2818 5308.6052

Average Earning Assets 270133.623975 271495.672475 214894.7626 178131.2387 171253.4176
Particulars 31st March, 2016
Gross NPA's 776.80
Net NPA's 321.70
Provision on NPA's 455.10
Gross Advances 892.87
Net Advances 893.61

Particulars 31st March, 2016

Investment in Govt Securities 25268.0395
Approved Securities
31st March, 2015 31st March, 2014 31st March, 2013 31st March, 2012
562.90 620.80 457.78 347.07
210.50 184.00 136.76 94.67
352.40 436.70 321.02 252.40
694.94 554.29 444.45 354.15
679.03 557.58 441.16 350.63

31st March, 2015 31st March, 2014 31st March, 2013 31st March, 2012
17906.1296 15380.0071 14108.2631 11901.9086
31st March, 2011
265.86
72.82
193.04
263.23
260.07

31st March, 2011

10021.8617