The document discusses various aspects of banking including the functions of banks such as accepting deposits and lending loans, popular banks in India like SBI, ICICI Bank and HDFC Bank, how these banks work by investing deposits and earning interest, and the impact of information technology on modern banking through online and mobile banking services. Key banks mentioned include ICICI Bank, HDFC Bank, and Axis Bank along with details on their operations, services offered, and financial performance.

1. BANKING
Yash Mehta
WRO-0412967
Rohit Mundhra
WRO-0425988

2. INTRODUCTION
 An organization, usually a corporation, chartered by a state or
federal government, which does most or all of the following:
receives demand deposits and time deposits, honors instruments
drawn on them, and pays interest on them; discounts notes,
makes loans, and invests in securities; collects checks, drafts, and
notes; certifies depositor's checks; and issues drafts and cashier's
checks.
 A bank is a financial institution and a financial intermediary that
accepts , deposits and channels those deposits into lending
activities , either directly or through capital markets.
 A bank connects customers that have capital deficits to
customers with capital surpluses

3. Basic Functions Of Banking
The main functions of banks are accepting deposits from the
public and advancing them loans.
However, besides these functions there are many other functions
which these banks perform. All these functions can be divided
under the following heads:
1. Accepting deposits
2. Giving loans
3. Overdraft
4. Discounting of Bills of Exchange
5. Investment of Funds
6. Agency Functions

4. POPULAR BANKS
 State Bank of India (SBI)
 ICICI Bank
 HDFC BANK
 Bank Of Baroda
 Canara bank
 HSBC Bank
 Axis Bank(Previously known as UTI Bank)

5. ICICI BANK
ICICI Bank is India's second-largest bank with total assets of Rs. 4,062.34 billion (US$
91 billion) at March 31, 2011 and profit after tax Rs. 51.51 billion (US$ 1,155 million)
for the year ended March 31, 2011. The Bank has a network of 2,752 branches and
9,225 ATMs in India, and has a presence in 19 countries, including India.
ICICI Bank offers a wide range of banking products and financial services to corporate
and retail customers through a variety of delivery channels and through its specialized
subsidiaries in the areas of investment banking, life and non-life insurance, venture
capital and asset management.
ICICI Bank's widespread network of ATMs makes it easy and convenient for users to
bank 24 hours a day With 9,225 ATMs set-up within India, ICICI ensures that we are
never too far from an ICICI Bank ATM. User-friendly graphic screens and easy to follow
instructions in a choice of local languages, makes ATM Banking with ICICI Bank a
smooth experience. ICICI also have 2,752 branches within the country.
iMobile is ICICI Bank's mobile banking application. Easy, convenient and secure to use,
iMobile lets you transfer funds, pay bills, book travel or movie tickets, recharge your
prepaid mobile and DTH, locate an ATM, and a do lot more while you are on the go.

6. AXIS BANK
• Axis Bank Ltd, formerly UTI Bank is an Indian financial services firm that had
begun operations in 1994, after the Government of India allowed new private
banks to be established.
• The Bank was promoted jointly by the Administrator of the Specified
Undertaking of the Unit Trust of India (UTI-I), Life Insurance Corporation of
India (LIC), General Insurance Corporation Ltd, National Insurance Company
Ltd.
• The New India Assurance Company, The Oriental Insurance Corporation and
United India Insurance Company UTI-I holds a special position in the Indian
capital markets and has promoted many leading financial institutions in the
country.
• The bank changed its name to Axis Bank in April 2007 to avoid confusion with
other unrelated entities with similar name.

7. How Banks Work ?
• The funny thing about how a bank works is that it functions
because of our trust. We give a bank our money to keep it
safe for us, and then the bank turns around and gives it to
someone else in order to make money for itself.
• Banks can legally extend considerably more credit than they
have cash. Still, most of us have total trust in the bank's ability
to protect our money and give it to us when we ask for it
• Banks invest the money of the depositor ,they also lend the
money in order to earn interest income . Banks also invest in
government securities , the difference in the amount earned
from investment ,loans granted and amount of interest given
to the account holders is Banks`s profit.

8. HDFC Bank Limited is an Indian financial services company that was
incorporated in August 1994. HDFC Bank is the fifth largest bank in India by
assets and the second largest bank by market capitalization as of February 24,
2012.
The bank was promoted by the Housing Development Finance Corporation, a
premier housing finance company (set up in 1977) of India. HDFC Bank has
1,986 branches and over 5,471 ATMs, in 996 cities in India, and all branches of
the bank are linked on an online real-time basis. As of 30 September 2008 the
bank had total assets of Rs.1006.82 billion.
e-Wallet Card is an electronic card which works like a credit or a debit card for
making secure online payments towards a merchant. It can be created by all
HDFC Bank internet banking customers and also no registration is required for
the same.
The main benefit of this card is that the debit/credit card number is not
compromised on an unknown website.

10. Balance Sheet of HDFC Bank

11. Cash flows for the year 2010-11
Amt in '000
Particulars Year ended 31-3-2011 Year ended 31-3-2010
Cash flows from operating activities
Net profit before income tax 58,186,567 42,891,365
Adjustments -61,944,833 51,007,535
Net cash flow from / (used in) operating activities -3,758,266 93,898,900
Cash flows from investing activities
Net cash used in investing activities -11,227,385 -5,515,122
Cash flows from financing activities
Net cash generated from financing activities 12,279,934 35,989,147
Effect of Exchange Fluctuation on Translation
reserve -29,922 -15,104
Net Increase / (Decrease) in cash and cash
equivalents -2,735,639 124,357,821
Cash and cash equivalents as at April 1st 299,423,988 175,066,167
Cash and cash equivalents as at March 31st 296,688,349 299,423,988

13. Conclusion
IT has a great impact on Banking due to the following reasons:
• Technology has opened up new markets, new products, new services and
efficient delivery channels for the banking industry. Online electronics
banking, mobile banking and internet banking are just a few examples.
• Information Technology has also provided banking industry with the
wherewithal to deal with the challenges the new economy poses.
Information technology has been the cornerstone of recent financial
sector reforms aimed at increasing the speed and reliability of financial
operations and of initiatives to strengthen the banking sector.
• The IT revolution has set the stage for unprecedented increase in
financial activity across the globe. The progress of technology and the
development of world wide networks have significantly reduced the cost
of global funds transfer.

14. The End
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http://www.highbeam.com/doc/1G1-
177943283.html
http://www.hdfcbank.com/aboutus/cg/annual_r
eports.htm
www.icicibank.com/aboutus/about-us.htm
www.axisbank.com/about-us/about-us.aspx