Accounts Project

Topics: Bank, Cash flow statement, Balance sheet Pages: 13 (5054 words) Published: April 13, 2013
Banking Sector in India
The banking system in India is controlled under the supervision of Reserve Bank of India, which was established on April 1, 1935. All the functions of RBI are performed under the guidance of Board for Financial Supervision (BSF). The primary objective of BFS is to take charge of the financial sector comprising commercial banks, financial institutions and non-banking finance companies (RBI, AboutusDisplay). ING Vysya Bank

ING Vysya Bank Ltd is a premier bank in the Indian private sector and member of the global financial giant ING. By the estimates of December 2010, ING's total assets exceeded 1247 billion euros, with an underlying net profit of 3893 million euros, employed around 105000 people, serve over 85 million customers, across 40 countries. Its mission is to become a leading, global, client-focused, innovative and low-cost provider of financial services through the distribution channels of the client's preference in markets where ING can create value. (ING, About Overview) Awards

1. ING Vysya Bank was awarded the 'Safest Banker' by The New Indian Express, 2012 2. ING was included in the 2011 DJSI World Index - the longest-running global sustainability benchmarks worldwide 3. It was ranked as top 5 Private Sector Banks in the country by Economic Times Brand Equity 2011 4. ING Converge, was chosen as the 'Best Corporate Internet Banking Initiative, 2012' across Asia by the Asian Banker Technology Awards 2011, amongst 50 banks from 14 countries. 5. We were rated as the 'Top Rupee Forecaster' (against US Dollar) for the trailing six quarters finding December 2011 by Bloomberg. 6. Wholesale Banking Unit was ranked 12th in the Underwriter Ranking of the Bloomberg League Table covering 'All India Private Placement of Bond Issuances'. 7. CIOL 2011 award for Corporate and Business Banking Portal. (ING, Awards Page) ING Vysya Bank Ltd has a part time chairman as Mr. Arun Thiagarajan, managing director and chief executives officer Shailendra Bhandari. The bank has nine directors all over India that regulates banking business. (ING, about our team) Kotak Mahindra Bank

Kotak Mahindra is one of India's leading banking and financial services groups, which offers a wide range of financial services for various purposes. The bank offers personal finance solutions of every kind that involves from savings accounts to credit cards, distribution of mutual funds to life insurance products. Also, Kotak has one of the largest and most respected Wealth Management teams in India, providing the widest range of solutions to high net worth individuals, entrepreneurs, business families and employed professionals. (Kotak, Our Business)

1. CAI Award - Excellence in Financial Reporting under Category 1 - Banking Sector for the year ending 31st March, 2010 2. Asiamoney - Best Local Cash Management Bank 2010
3. IDG India - Kotak won the CIO 100 'The Agile 100' award 2010 4. FinanceAsia - Best Broker in India - 2010
5. Best Investment Bank in India, 2010
6. Best Equity House in India, 2010
7. Best Broker in India, 2010
8. Best Local Trade Bank in India
9. The UK based Trade & Forfaiting Review awarded Kotak Mahindra Bank Ltd. the Bronze Award in the category of Best Local Trade Bank in India at the TFR Awards 2011. (Kotak, awards) In the senior management Mr. Uday Kotak, is the Executive Vice-Chairman and Managing Director of the Bank, whereas Mr. C. Jayaram, is a Joint Managing Director of the Bank and is currently in charge of the Wealth Management Business of the Kotak Group. Mr. Dipak Gupta heads commercial banking, retail asset businesses and looks after group HR function. (Kotak, senior management) YES Bank

YES BANK has been recognized amongst the Top and Fastest Growing Banks in various Indian Banking League Tables by prestigious media houses and Global Advisory Firms, and has received several national and international honours for our various...
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