Financial Accounting and Reporting

Financial Accounting and Reporting Essay example
Masters
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Finance & Accounting
Pages 8 (2008 words)
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Financial Accounting and Reporting Table of Contents Table of Contents 2 Introduction 3 Analysis of the Financial Statements of Axis Bank 4 Financial Ratio Analysis 9 Liquidity Ratios 9 Return on Equity 11 Return on Assets 12 Conclusion 12 References 14 Bibliography 15 Introduction The paper deals with LSE listed Indian bank of repute, Axis Bank Ltd…

Introduction

The formation of the bank was done in cooperation by Unit Trust of India, General Insurance Corporation of India, Life Insurance Corporation of India and also four other Public Sector Undertaking (PSU) companies of insurance namely The New India Assurance Company Ltd., United India Insurance Company Ltd., National Insurance Company Ltd. and The Oriental Insurance Company Ltd. (Axis Bank, 2007). Presently, the bank occupies the third position among the banks in private sector to have a Pan network in India which includes over 1281 branches and Automated Teller Machine (ATMs) numbering 6270 making the bank to have the biggest system of ATMs in the country (Pandit, 2008; Axis Bank, 2007). In the year 2007, a decision regarding having its own individuality different from UTI-I as its parent was taken by the bank authority. And this is how the brand name ‘Axis’ was born. The bank was successfully accomplished to rebrand itself with its new name as ‘Axis Bank’. This had assisted the bank to get rid of the dim perception as an entity that was government owned (Pandit, 2008). Analysis of the Financial Statements of Axis Bank According to Axis Bank’s Annual Report for the fiscal year 2011, Rs. ...
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