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Internation Accounting Essay
Finance & Accounting
Pages 7 (1757 words)
International Accounting HDFC Bank- India (NSE) Case Study 1 Identification of registered company The company chosen for the study of the financial data and analysis if HDFC Bank. The bank is also known as the Housing Development Financial Corporation Bank.
It also facilitates services like savings, current and recurring account, etc. It has extended its operations in the investment market by introducing its own mutual funds and even markets mutual funds of other organization through the bank. Of late the Bank is operating in treasury, wholesale business and retail business. The head office of HDFC bank is at Mumbai, in India from where it controls the operations of the other 2544 branches in other states of the country. HDFC bank is a listed company in the NSE popularly known as the National Stock Exchange. Company details The HDFC Bank deals in Rupees which is the currency of India. As per the financial statement of the bank, around 31.6% increase has occurred in 2011 as compared to the previous year. The balance sheet size has come to Rs. 337,909.00crore as at 31st March, 2012. However the capital adequacy ratio is the come was 16.5% with a minimum regulatory requirement of 9%. The subsidiaries of HDFC Bank like the HDFC securities and the HDB Financial services has also grown considerably at a healthy pace by the year ending 31st March, 2012. Deloitte Haskins and Sells’ a chartered firm has been chosen for the auditing of the financials of the HDFC Bank. ...
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