ICICI Bank Vs HDFC Bank

SOURCE Analysis

HDFC Bank’s source mainly consists of low cost domestic deposits in the form of CASA (Current Account / Demand Deposit – 0% Interest & Savings Account – 4%-5% Interest) which accounts for 40% of portfolio as against 17% in ICICI.

ICICI depends mainly on Term Deposit (41%) and Borrowings for fulfilling its requirement with overseas borrowing having a significant share of 13% (as against 2% in HDFC). Since, on Term deposit, ICICI Bank pays a higher rate of interest on term deposits to customers, the overseas borrowing gives them option to collect low cost funds (assuming there is no significant shift in currency exchange rate).

SOURCE	ICICI Bank	HDFC Bank
Capital	11,660,240	3,493,406
Reserves & Surplus	274,110,052	92,677,620
Demand Deposit	176,568,653	204,093,223
Savings Bank Deposit	276,042,598	237,007,134
Term Deposit	1,081,561,465	409,358,409
Borrowings in India	244,139,470	31,579,313
Borrowings outside India	330,234,253	19,690,572
Other Liabilities & Provisions	254,266,011	129,118,172
ESOPs	293	29,224
Total	2,648,583,036	1,127,047,072

Assumption -

· All the above figures are in ‘000 (INR)

· Average value over 10 years is taken as a line item for comparison(From 2011 to 2002)