“CASH MANAGEMENT ON HDFC BANK LTD”

A research project submitted in partial fulfillment of the requirement for the

award of the degree of Masters of Business Administration (MBA) under the

department of Management studies at Guru Nanak Institution’s

Submitted by:

By

PATAM INDRA SENA

HALL TICKET NO: 22WJ1E0085

Under The Supervision Of

S.P KEERTHI

(Assistant Professor)

Department of masters of business administration

GNITC, Hyderabad : Telengana

1
 DECLARATION

I hereby, declare that the work presented in this project titled “CASH MANAGEMENT

ON HDFC BANK LTD" is carried out by me under the supervision of S.P KEERTHI,

Asst. Professor of the department of management studies. I have acknowledged references

from all sources including the internet sources wherever applicable.

Name: PATAM INDRA SENA Date:

Roll no: 22WJ1E0085

Place: Ibrahimpatnam, R.R District, Telengana.

2
 CERTIFICATE

This is to certify that the project entitled “CASH MANAGEMENT ON HDFC BANK

LTD” submitted by PATAM INDRA SENA in partial fulfillment of the requirement

for the award of the degree Masters of Business Administration candidate’s own work carried

out by her under my supervision. This project or any part thereof has not been submitted to

any other institution for any degree or diploma.

Supervisor: Date:

Signature:

Head of Department:

Signature:

3
 ACKNOWLEDGEMENT

The result is always the sum of all parts. Likewise, this report put forth was possible with the

help of many people involved in the completion of this INTERNSHIP project.

It is a great for me to record her deep sense to VSN MURTHY (Assistant Manager) who

accorded permission to do project work at (SHAREKHAN) and guiding in doing my project

work

I extent my gratitude to Dr. ANAND BETHAPUDI (HOD), Department of Master of

Business Administration, GURU NANAK INSTITUTE OF TECHNOLOGY for

accommodating me in the family of Gurunanak.

My must sincere thanks to my guide, Ms. S.P KEERTHI (Assistant Professor), GURU

NANAK INSTITUTE OF TECHNOLOGY, for motivating me to give my best for my project

without which this project report would not be called a success.

PATAM INDRA SENA

Management of studies

4
 ABSTRACT

The term cash management refers to the process of collecting and managing cash flows.

Cash management can be important for both individuals and companies. It is a key

component of a company's financial stability in business. Cash is also essential for people's

financial stability while also usually considered as part of a total wealth portfolio.

Individuals and businesses have different options to help them with their cash management

needs, including banks to hold their cash assets. Cash management solutions are also

available for anyone who wants the best return on cash assets or the most efficient use of

cash comprehensively.

5
 CONTENTS

CHAPTERS PARTICULARS PAGE

NO’S

CHAPTER-I INTRODUCTION

1.1 NEED FOR THESTUDY

1.2 OBJECTIVES OF THESTUDY

1.3 SCOPEOF THE STUDY

1.4 RESEARCH METHODOLOGY

1.5 LIMITATIONS OF THESTUDY

CHAPTER-II REVIEW OF LITERATURE

CHAPTER-III COMPANY PROFILE

CHAPTER-IV DATA ANALYSIS AND INTERPRETATIONS

FINDINGSCON
CLUSIONS
CHAPTER-V
SUGGESTIONS

BIBLIOGRAPHY

6
 CHAPTER-I

INTRODUCTION

7
1.1 INTRODUCTION

Cash is the important current asset for the operations of the business. Cash is the

basic input needed to keep the business running on a continuous basis; it is also the ultimate

output expected to be realized by selling the service or product manufactured by the firm.

The firm should keep sufficient cash, neither more nor less. Cash shortage will disrupt the

firm’s manufacturing operations while excessive cash will simply remain idle, without

contributing anything towards the firm’s profitability. Thus, a major function of the financial

manager is to maintain a sound cash position.

Cash is the money which a firm can disburse immediately without any restriction.

The term cash includes coins, currency and cheques held by the firm, and balances in its bank

accounts. Sometimes near-cash items, such as marketable securities or bank deposits, are

also included in cash. The basic characteristic of near-cash assets is that they can readily be

converted into cash. Generally, when a firm has excess cash, it invests it in marketable

securities. This kind of investment contributes some profit to the firm.

Cash management is a broad term that refers to the collection, concentration, and

disbursement of cash. The goal is to manage the cash balances of an enterprise in such a way

as to maximize the availability of cash not invested in fixed assets or inventories and to do so

in such a way as to avoid the risk of insolvency. Factors monitored as a part of cash

management include a company's level of liquidity, its management of cash balances, and its

short-term investment strategies.

In some ways, managing cash flow is the most important job of business managers. If at any

time a company fails to pay an obligation when it is due because of the lack of cash, the

8
company is insolvent. Insolvency is the primary reason firms go bankrupt. Obviously, the

prospect of such a dire consequence should compel companies to manage their cash with

care. Moreover, efficient cash management means more than just preventing bankruptcy.

Cash management is particularly important for new and growing businesses. Cash flow can

be a problem even when a small business has numerous clients, offers a product superior to

that offered by its competitors, and enjoys a sterling reputation in its industry. Companies

suffering from cash flow problems have no margin of safety in case of unanticipated

expenses. They also may experience trouble in finding the funds for innovation or expansion.

It is, somewhat ironically, easier to borrow money when you have money. Finally, poor cash

flow makes it difficult to hire and retain good employees.

It is only natural that major business expenses are incurred in the production of goods or the

provision of services. In most cases, a business incurs such expenses before the

corresponding payment is received from customers. In addition, employee salaries and other

expenses drain considerable funds from most businesses. These factors make effective cash

management an essential part of any business's financial planning.

When cash is received in exchange for products or services rendered, many small

business owners, intent on growing their company and tamping down debt, spend most or all

of these funds. But while such priorities are laudable, they should leave room for businesses

to absorb lean financial times down the line. The key to successful cash management,

therefore, lies in tabulating realistic projections, monitoring collections and disbursements,

establishing effective billing and collection measures, and adhering to budgetary restrictions.

9
1.2 NEED OF THE STUDY

The importance of Cash management in any industrial concern cannot be

overstressed. Under the present inflationary condition, management of Cash is perhaps more

important than even management of profit and this requires greatest attention and efforts of

the finance manager. It needs vigilant attention as each of its components require different

types of treatment and it throws constant attention on exercise of skill and judgment,

awareness of economic trend etc, due to urgency and complicacy the vital importance of

Cash.

The anti-inflationary measure taken up by the Government, creating a tight money

condition has placed working capital in the most challenging zone of management and it

requires a unique skill for its management. Today, the problem of managing Cash has got the

recognition of separate entity, so its study and management is of major importance to both

internal and external analyst to judge the current position of the business concerns. Hence, the

present study entitled “An Cash Management” has been taken up.

1.3 OBJECTIVES OF THE STUDY

1. To study about the cash management of HDFC BANK

2. To find out the liquidity position of the company through ratio analysis.
3. To analyze the growth in terms of management of cash flows.
4. To provide suggestions and recommendation to improve the cash position of the
company.

10
1.4 SCOPE OF THE STUDY

The scope of cash management has undergone changes over the year. Until the middle of

this century. Its scope was limited to procurement of funds under major events in the life of

the such a promotion. To ensure maximum return, funds flowing in and out of the firm

should be constantly monitored to assure that they are safeguarded and properly utilized.

Determining the composition of assets of the enterprise. It is concerned with planning and

controlling of the. The study was carried for a period of 45 days. The result of the analysis are

obtained based on the data obtained through P/L a/c and Balance Sheet for 5 years (2019-

2023)

11
1.5 RESEARCH METHODOLOGY

The research design used in this project is Analytical in nature the procedure using,

which researcher has to use facts or information already available, and analyze these to

make a critical evaluation of the performance.

DATA COLLECTION

Primary Sources
Primary data is one, which is collected by the investigator himself for the purpose of a

specific inquiry or study.

1. Data are collected through personal interviews and discussion with Finance
Executive.

2. Data are collected through personal interviews and discussion with the Deputy
manager

Secondary Sources
From the annual reports maintained by the company. Data are collected from the company’s
website. Books and journals pertaining to the topic. For the present study on Balance Sheet
and
P/L a/c.

TOOLS USED IN THE ANALYSIS

Cash flow statement
A. Operating activities
B. Investing activities
C. Financing activities
Trend analysis
Formula
%=20*1 amount-20*0 amount*100/20*0 amount

12
 Ratio analysis
1. Liquidity ratio
Current assets
=
Current liabilities

2. Profitability ratio
Net income
=
Net sales

3. Working capital ratio

= Current assets – Current liabilities

13
1.10 LIMITATIONS

 The study is restricted only to HDFC BANK LTD... Being a case study, the findings
cannot be generalized.
 The study does not take into account the inflation.
 The study takes into account only the quantitative data and the qualitative aspects
were not taken into account
 Cash management refers to the practice of dealing with all financial transactions from
a single location, rather than leaving financial transactions in the hands of individual
location

14
 CHAPTER-II
REVIEW OF LITERATURE

15
2.2RESEARCHARTICLES

ARTICLE :1

TITLE :A STUDY ON THE EFFECTIVENESS OF CASH MANAGEMENT

AUTHOR : S. Praveen Kumar, J. Pavithra

JOURNAL :International Journal of Pure and Applied Mathematics Volume 116 No. 19

2019, 467-471

ABSTRACT :A study on “EFFECTIVENESS OF CASH MANAGEMENT is one of the

leading port Services companies, offering a wide range of portal services such as cargo

handling services and also provide containers for importing and exporting the goods. The

main objective of the study is to study about the cash management, which will prove essential

for ascertaining past and present financial position of the study.

16
ARTICLE :2

TITLE :Effect of Cash Management Practices on the Profitability of

Bottled Purified Companies Garowe

AUTHOR :Abdirizak Mohamed Jama, Dr. WillyMuturi

JOURNAL :IOSR Journal of Business and Management (IOSR-JBM) Volume 19, Ver. III

(Feb. 2019)

ABSTRACT :

Cash management is a key management tool seeks to establish the financial position

of an organization. Cash management is keen on management of cash flow and this aims to

achieve the control of cash balances by paying financial commitments ultimately resulting in

meeting organizational needs.

17
ARTICLE :3

TITLE :Effects of Intellectual Capital and Free Cash Flow on Cost Stickiness

AUTHOR :Mohammad Namazi , AkramFathali

JOURNAL:Article 10, Volume 8, Issue 2 - Serial Number 30, Winter 2021,

ABSTRACT :

The purpose of this study is to investigate the effect of intellectual capital and free cash

flow on cost stickiness of listed firms in Tehran Stock Exchange. This study, reviewing the

theory, represents a complex pattern of asymmetric behavior of costs using free cash flow

and intellectual capital. The statistical sample consists of 111firms listed in Tehran Stock

Exchange during the period from 2005 to 2015.

18
ARTICLE : 4

TITLE :Cash Management for Multidivisional Supply Chains

AUTHOR :Wei Luo , Kevin Shang

JOURNAL :Volume 63, No.5 (September-October 2015)

ABSTRACT :

This paper develops a centralized supply chain model that integrates material

flows with cash flows. The supply chain is owned by a single firm with two divisions. The

downstream division (headquarters), facing random customer demand, replenishes materials

from the upstream division. The firm installs a financial services platform the pools the

division cash into a master account managed by the headquarters.

19
ARTICLE : 5

TITLE :Cash Management Practice and Medium Scale Enterprises performance

AUTHOR :Oladejo M.O, Akande O.O, YinusOluwaseun

JOURNAL :Volume 5, Issue 4, April 2019

ABSTRACT :

This study examined empirically the impact of cash management on the performance of

SMEs food and Beveragemanufacturing firms in Oyo state. Primary data were

employedin this study. Structured questionnaire was employed in the course of gathering

relevant data for the study and administered purposively on Fifty (50) personnel of Ten (10)

SMEs food and Beveragemanufacturing firms in Oyo state selected through a random

sampling technique.

20
ARTICLE : 6

TITLE :Cash management practices of small, medium and micro enterprises in the

Cape Metropolis, South Africa

AUTHOR :Samuel Tabot ,Peter Kamala

JOURNAL :Volume 13, Issue 1, April 2016

ABSTRACT :

The aim of this research article is to investigate the cash management practices of small,

medium and micro enterprises (SMMEs) in the Cape Metropolis, in South Africa. Data are

collected from a sample of 200 SMMEs by means of a closed-ended questionnaire survey.

Thefindings of the study revealed that most of the sampled SMMEs manage their cash

effectively

21
ARTICLE : 7

TITLE :FINANCIAL ANALYSIS AND CASH MANAGEMENT

AUTHOR :Dr. Hazem Shehadeh

JOURNAL :Vol. 1(5) pp. 01 –09, July, 2011

ABSTRACT :

Acomparative study of the quick ratio of all the companies under study focuses that the

quick ratio in TKMCL TSMCL and TJWMCL were always less than the standard norm of

which indicated that the quick assets available in the organization were not sufficient to meet

its current obligations. But the quick ratio of ERWMC was always more than standard norm.

ARTICLE : 8

TITLE :Cash Management and Performance of listed Firms in Nigeria

AUTHOR :Nwarogu, Innocent AugustineandIormbagah, Aondohemba Jacob

JOURNAL :18(1): 1-13, 2019

ABSTRACT :

This study is set to examine cash management and performance of listed firms in Nigeria.

The study used ex post factor research design, the secondary data gathered were analyzed using

descriptive statistics, correlation matrix, and Pool Ordinary Least Square Regression. In the

return on assets model, the result shows a significant positive relationship between cash

conversion cycle, Cash holding and return on assets of firms

22
ARTICLE : 9

TITLE :Effect of cash management on firm profitability of Nigerian manufacturing firms

AUTHOR :AKINYOMI Oladele John

JOURNAL :Volume 4, Issue 1

ABSTRACT :

The success of any business venture is predicated on how the management has planned and

controlled its cash flows. Cash shortage will disrupts the firm’s smooth operation and can

even lead to insolvency. Excessive cash will tie down unnecessarily long-term capital with a

result that the return on capital employed will be low.

ARTICLE : 10

TITLE :Effect of Cash Management Practices on the Profitability of Bottled Purified

Companies Garowe and Bosaso-Puntland Somalia

AUTHOR :Abdirizak Mohamed Jama&Mohamed Said Samantar

JOURNAL :Volume 19, Issue 2. Ver. III (Feb. 2019)

ABSTRACT :

Cash management is a key management tool seeks to establish the financial position of an

organization. Cash management is keen on management of cash flow and this aims to achieve

the control of cash balances by paying financial commitments ultimately resulting in meeting

organizational needs. Value chain efficiency can be improved if organizations choose to

control in a better way and change their financial procedures.

23
 CHAPTER-III

COMPANY PROFILE

24
COMPANY PROFILE

History

A subsidiary of the Housing Development Finance Corporation, HDFC Bank was

incorporated in 1994, with its registered office in Mumbai, Maharashtra, India. Its first

corporate office and a full-service branch at Sandoz House, Worli were inaugurated by

the Union Finance Minister, Manmohan Singh.

As of 30 June 2019, the Bank's distribution network was at 5,500 branches across 2,764

cities. The bank also installed 430,000 POS terminals and issued 23,570,000 debit cards and

12 million credit cards in FY 2017.

Products and services

HDFC Bank provides a number of products and services including wholesale banking, retail

banking, treasury, auto loans, two-wheeler loans, personal loans, loans against property,

consumer durable loan, lifestyle loan and credit cards. Along with this various digital

products are Payzapp and SmartBUY.[14]

Mergers and acquisitions

HDFC Bank merged with Times Bank in February 2000. This was the first merger of two

private banks in the New Generation private sector banks category.[15] Times Bank was

established by Bennett, Coleman and Co. Ltd., commonly known as The Times Group,

India's largest media conglomerate.

In 2008, Centurion Bank of Punjab (CBoP) was acquired by HDFC Bank. HDFC Bank's

board approved the acquisition of CBoP for ₹95.1 billion in one of the largest mergers in the

financial sector in India.

In 2021, the bank acquired a 9.99% stake in FERBINE, an entity promoted by Tata Group, to

operate a Pan-India umbrella entity for retail payment systems, similar to National Payments

Corporation of India.

25
Investments

A HDFC Bank branch in Hyderabad

In March 2021, HDFC (parent company of HDFC BANK) made an investment of ₹1,000

crores in Yes bank.[19] As per the scheme of reconstruction of Yes Bank, 75% of the total

investment by the corporation would be locked in for three years. On 14 March, Yes Bank

allotted 100 crore shares of the face value of ₹2 each for consideration of ₹10 per share

(including ₹8 premium) to the Corporation aggregating to 7.97 percent of the post issue

equity share capital of Yes bank.

Listings and shareholding

The equity shares of HDFC Bank are listed on the Bombay Stock Exchange and the National

Stock Exchange of India. Its American depositary receipts are listed on the NYSE and

its global depository receipts (GDRs) are listed on the Luxembourg Stock Exchange where

two GDRs represent one equity share in HDFC Bank.

Shareholders (as of 31 December 2015) Shareholding[21]

Promoter group (HDFC) 26.14%

Foreign institutional investors (FII) 20.4%

Individual shareholders 8.5%

Bodies corporate 7.5%

26
Insurance companies 5.38%

Unit Trust of India 8.65%

NRI/OCB/others 0.29%

Financial institutions/banks 2.75%

ADS/GDRs 20.78%

Corporate social responsibility

HDFC Bank's Parivartan initiative spent ₹535 crore in FY19-20

Controversies

On 2 December 2021, the Reserve Bank of India ordered HDFC Bank to temporarily halt the

issuance of new credit cards and all planned activities under the bank's Digital 2.0 program

citing incidents of outages in the bank's internet banking, mobile banking and payment utility

services.

On 29 January 2021, Reserve Bank of India imposed a monetary penalty on HDFC Bank for

failure to undertake on-going due diligence in case of 39 current accounts opened for bidding

in the initial public offer.

A HDFC bank manager was arrested on charges of fraud, involving a sum of ₹59.41 lakh, in

Odisha.

Altico Capital and Dubai's Mashreq Bank have approached the Reserve Bank of India,

accusing HDFC Bank of violating regulatory provisions by debiting part of the funds the

27
company had raised through external commercial borrowing (ECB) and parked at the bank.

They claimed that HDFC bank's decision to transfer money from the account may be a

violation of the RBI's end-use rule.[27]

Awards and recognition.

2021

 India's Best Bank : Euromoney Awards

2019

 Best Bank: New Private Sector – FE Best Bank awards

 Winner in Innovation and Inclusiveness in Priority Sector Lending – 11th Inclusive

Finance India Awards (IFI) 2019

 Ranked 1st in 2019 BrandZ Top 75 Most Valuable Indian Brands HDFC Bank was

featured for the 6th consecutive year.

 Among The Most Honored Company List, Institutional Investor All-Asia (ex-Japan)

Executive Team 2019 survey

 India’s Best Bank, Euromoney Awards for Excellence 2019

 Bank of the Year and Best Large Bank, Business Today – Money Today Financial

Awards 2019

 Best Bank in India 2019, by Global magazine FinanceAsia.

 Ranked 60th in 2019 BrandZ Top 100 Most Valuable Global Brands[36] HDFC Bank was

featured BrandZ Top 100 Most Valuable Global Brands 2019 for the 5th consecutive

year. The Bank's brand value has gone up from $20.87 billion in 2020 to $22.70 billion in

2019.

 Best Large Bank & Fastest Growing Large Bank in 2019, by Business World Magna

Awards.

28
Key executives

Name Title Pay Exercised Year born

Mr. SashidharJagdishan MD, CEO & 29.20M N/A 1965

Additional Director

Mr. Srinivasan Chief Financial 27.01M N/A 1964

Vaidyanathan Officer

Mr. Santosh G. Chief Compliance 5.78M N/A N/A

Haldankar Officer, Sr. VP of

Legal & Company

Sec.

Mr. Exec. Director 86.42M N/A 1965

KaizadManeckBharucha

Mr. Bhavesh Chandulal Group Head of N/A N/A 1966

Zaveri Operations, IT &

Cash Management

Mr. Rakesh K. Singh Group Head of N/A N/A 1970

Investment Banking,

Private Banking,

Capital Markets &

Financial Institutions

29
Mr. Ramesh Chief Information N/A N/A N/A

Lakshminarayanan Officer & Group

Head of IT

Ms. Manisha Parkar Investor Relation N/A N/A N/A

Contact, Datamatics

Financial Services

Ltd

Mr. Parag Rao Country Head of N/A N/A 1966

Payments, Consumer

Fin., Digital Banking

& Marketing

Mr. Vinay K. Razdan Chief HR Officer & N/A N/A 1966

Group Head of HR

Amounts are as of 31 December 2021, and compensation values are for the last fiscal year

ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options

exercised during the fiscal year. Currency in INR.

Description

HDFC Bank Limited provides various banking and financial services to individuals and

businesses in India, Bahrain, Hong Kong, and Dubai. It operates in Treasury, Retail Banking,

Wholesale Banking, Other Banking Business, and Unallocated segments. The company

accepts savings, salary, current, and Demat accounts; fixed and recurring deposits; and safe

deposit lockers, and rural and pension accounts, as well as offshore accounts and deposits,

overdrafts against fixed deposits and salaries, and sweep-in facilities. It also provides

personal, home, car, two wheeler, three wheeler, business, educational, gold, rural, and term

30
loans; loans against properties, assets, and securities; loans for professionals; government

sponsored programs; and loans on credit card, as well as working capital and

commercial/construction equipment finance, term and professional loans, healthcare/medical

equipment and commercial vehicle finance, and dealer finance. In addition, the company

offers credit, debit, prepaid, and forex cards; payment and collection, export, import,

remittance, bank guarantee, letter of credit, trade, hedging, loan syndication, and merchant

and cash management services; and insurance and investment products. Further, it provides

short term finance, bill discounting, structured finance, export credit, documents collection,

Internet and wholesale banking, mobile banking, real time gross settlement, channel

financing, vendor financing, reimbursement account, money market, derivatives, employee

trusts, cash surplus corporates, tax payment, and bankers to rights/public issue services, as

well as financial solutions for supply chain partners and agricultural customers. As of March

31, 2021, it had 5,416 branches and 13,640 automated teller machines in 2,803 cities/towns.

HDFC Bank Limited was founded in 1994 and is based in Mumbai, India.

HDFC BANK LTD. (HDFCBANK) - COMPANY HISTORY

HDFC Bank Ltd is one of India's premier banks. Headquartered in Mumbai HDFC Bank is a

new generation private sector bank providing a wide range of banking services covering

commercial and investment banking on the wholesale side and transactional/branch banking

on the retail side. As of 31 December 2021 the bank's distribution network stood at 5485

branches and 15541 ATMs & Cash Deposit Machines(CDMs) across 2866 cities and towns.

HDFC Bank also has one overseas wholesale banking branch in Bahrain a branch in Hong

Kong and two representative offices in UAE and India. The Bank has two subsidiary

companies namely HDFC Securities Ltd and HDB Financial Services Ltd.The Bank has three

primary business segments namely banking wholesale banking and treasury. The retail

31
banking segment serves retail customers through a branch network and other delivery

channels. This segment raises deposits from customers and makes loans and provides other

services with the help of specialist product groups to such customers.

The number of ATMs also increased to 12635 from 12260.The number of customers of the

bank catered to as on 31 March 2020 was over 4.36 crore from 4.05 crore in the previous

year.The bank raised Rs 23715.9 crore in the FY2019. This comprises a preferential

allotment to Housing Development Finance Corporation Ltd of Rs 8500 crore a Qualified

Institutional Placement of Rs 2775.0 crore and an ADR offering of USD 2020 million (Rs

12440.9 crore).During the fiscal 2019the bank was named India's most valuable brand for the

fourth year in a row in the BrandZ survey of Top 50 Most Valuable Indian Brands. HDFC

Bank was also ranked No 1 in India by customers in the first edition of the World's Best

Banks' survey by Forbes magazine.The Board of Directors at its meeting held on 22 May

2019 considered and approved the sub-division of one equity share of the Bank having face

value of Rs 2/- each into two equity shares of face value of Re. 1/- each and consequential

alteration in the relevant clauses relating to capital of the Memorandum of Association of the

Bank.During the FY2019 the bank added 316 Banking Outlets and taking the total to 5103

spread across 2748 cities and towns. The share of semi-urban and rural outlets in the total

network is 53%. The number of ATMs also increased to 13160 from 12635.The total number

of customers the bank catered to as on 31 March 2019 was over 4.90 crore up from 4.36 crore

in the previous year.During the FY2021 the bank added 313 Banking Outlets and taking the

total to 5416 across 2803 cities and towns. The share of semi-urban and rural outlets in the

network is 52%.The number of ATMs and Cash Deposit & Withdrawal Machines also

increased to 14901 from 13489.The total number of customers the bank catered to as on 31

March 2021 was over 5.60 crore up from 4.90 crore in the previous year.During the FY2021

32
the bank has won the following important awards:a. Asiamoney Best Bank Award 2021 for

Best domestic bank.b. CNBC-TV20 India Business Leader Awards (IBLA) 2019-20 for

Outstanding company of the year.c. UTI MF - CNBC TV20 Financial Advisor Awards 2020-

19 for Best performing bank (private sector).Consequent to the outbreak of COVID-19

pandemic the Indian government had announced a lockdown in March 2021. Subsequently

the lockdown has been lifted by the government outside containment zones. The impact of

COVID-19 including changes in customer behavior and pandemic fears as well as restrictions

on business and individual activities has led to significant volatility in global and Indian

financial markets and a significant decrease in global and local economic activity which may

persist. While there has been a gradual pickup in economic activity since the easing of

lockdown measures the continued slowdown led to a decrease in loan originations the sale of

third party products the use of credit and debit cards by customers and the efficiency in

collection efforts.

The slowdown may lead to a rise in the number of customer defaults and consequently an

increase in provisions thereagainst.In accordance with the COVID-19 Regulatory Packages

announced by the RBI on 27 March 2021 17 April 2021 and 23 May 2021 the Bank in

accordance with its board approved policy offered a moratorium on the repayment of all

installments and / or interest as applicable due between 01 March 2021 and 31 August 2021

to all eligible borrowers classified as standard even if overdue as on 29 February 2021. In

respect of such accounts that were granted moratorium the asset classification remained

standstill during the moratorium period.The Bank holds provisions as at 31 December 2021

against the potential impact of COVID-19 based on the information available at this point in

time. The provisions held by the Bank are in excess of the RBI prescribed norms.

HDFC BANK - COMPANY INFO

33
Executive Director : KaizadBharucha

Independent Director : Malay Patel

Independent Director : Umesh Chandra Sarangi

Director : Srikanth Nadhamuni

Independent Director : SANDEEP PAREKH

Independent Director : M D Ranganath

Independent Director : Sanjiv Sachar

Vice President &CS : Santosh Haldankar

Addtnl Non-Executive Director : Renu S Karnad

Managing Director &AddtnlDir. : SashidharJagdishan

Addtnl Independent Director : Sunita Maheshwari

AUDITOR : MSKA & Associates

IND NAME : Banks - Private Sector

HOUSE NAME : HDFC

34
 CHAPTER-IV

DATA ANALYSIS & INTERPRETATION

35
 4.1 DATA ANALYSIS & INTERPRETATION
DATA ANALYSIS:

Data analysis is a process of inspecting, cleansing, transforming, and modeling data with the
goal of discovering useful information, informing conclusions, and supporting decision-
making. The purpose of Data Analysis is to extract useful information from data and taking
the decision based upon the data analysis.

Table no4.1: CALCULATIONS OF FUNDS FROM OPERATION AND

CASH FROM OPERATION (Rs in Thousands)
Particulars 2019-2020 2020-2021 2021-2022 2022-2023
Net Profit 621082 1193275 478738 400470
Depreciation during 1660201 1840194 2022228 1900231
the year
FFO(FLO) 1981643 2623459 2208945 2210701

ADD:
Sundry debtors 736292 293962 NA NA
Prepaid Expenses 43210 NA NA NA
Sundry creditors 4731170 2110210 10643213 NA
Outstanding 1009534 NA 91941 NA
liabilities
Bank O/D 2950464 NA NA 10801753

LESS:
Stock 1897634 567073 2165576 1106917
Bank O/D NA 2950464 NA NA
Outstanding NA 767171 NA 334244
liabilities
Sundry Debtors NA NA 9562393 910746
Sundry Creditors NA NA NA 2099354

CFO(CLO) 9854229 342963 1920021 8950797

Source: Annual Reports.

36
 Table no: 4.2 CASH FLOW STATEMENT
Inflow 2019-2020 2020-2021 2021-2022 2022-2023
Opening balance 18564 64678 104545 63582
Cash from 9854229 342963 1920021 8950797
operation
Increase in loan NA NA 2410798 NA
funds
Sales of Asset NA 797244 NA NA
Increase in share NA NA 2800000 NA
capital
Total 9868793 1604885 6831763 9018379
Outflows
Cash outflow
from operation
Purchase of 9776411 NA 6767781 7004825
Asset
Decrease in loan 27704 900340 NA 2131184
funds
Decrease in NA 210000 NA NA
share capital
Closing balance 64678 104545 63582 278410
Total 9868793 1604885 6831763 9018379

Source: Annual Reports.

Interpretation
This table shows that the cash flow statements of HDFC BANK LTD. Are to be
efficient. The cash inflow of the company is to be increased for year after year. The
fund from operation is also to differ from every year. The company should increase
their share capital from 2020-2021for Rs. 28, 00,000. It must be used as efficient for
the next year for decrease their loan amount

37
 4.3 TREND ANALYSIS
Table no4.3: Inventories
Inventories
2
YEAR X X (Rs in lakhs) XY
Y (Rs in lakhs)
2018-2019 -2 4 27,76,072 -55,52,184
2019-2020 -1 1 16,78,438 -16,78,438
2020-2021 0 0 19,45,511 0
2021-2022 1 1 36,01,087 36,01,087
2022–2023 2 4 47,08,000 94,20,000
TOTAL 10 1,42,09,108 61,86,505

Source: Annual Reports.

1, 42, 09,108
a = = 2, 84,192.6
5

61, 86,505
b = = 6,19,650.5
10
Interpretation
This table indicates that the volume of inventory has been increased every
year. It must be increased for the last year 21, 06,917. Inventories value in 2020 will
be about 2023, 40,174.1

38
 4.3.1SUNDRY DEBTORS
Table no 4.3.1: Sundry Debtors
Sundry
2
YEAR X X Debtors XY
(Rs) (Rs)
Y
2018-2019 -2 4 21,69,517 -41,39,026
2019-2020 -1 1 28,05,805 -28,05,805
2020-2021 0 0 25,11,842 0
2021-2022 1 1 1,21,74,236 1,21,74,236
2022–2023 2 4 1,29,84,982 2,59,69,964
TOTAL 10 3,24,46,378 3,10,99,369

Source: Annual Reports.

3,24,46,378
a = = 64,89,275.6
5

3, 10, 99,369
b = = 31, 09,936.9
10

Interpretation
This table shows that the Sundry Debtors has been more every year. It must
be increased more than 6 times from the beginning of the period of the study. Sundry
Debtors value in 2020 will be about 1, 58, and 20,086.3.

39
 4.3.2CASH / BANK
Table no 4.3.2: Cash
Cash / Bank
2
YEAR X X (Rs) XY
Y (Rs)
2018-2019 -2 4 18,564 -29,168
2019-2020 -1 1 64,679 -64,679
2020-2021 0 0 61,858 0
2021-2022 1 1 63,582 63,582
2022–2023 2 4 2,78,410 5,56,821
TOTAL 10 4,83,093 5,26,593

Source: Annual Reports.

4,83,0935
a = = 96,619.6
5

5, 26,593
b = = 52,659.3
10

Interpretation
The cash value of the HDFC BANK LTD. has been increased and the
estimated it should be decreased for the previous year. Cash value in 2023 will be
about 254596.5.

40
 4.3.3 LOANS & ADVANCES
Table no 4.3.3: Loans & advances
Loans &
2
YEAR X X Advances XY
(Rs) (Rs)
Y
2018-2019 -2 4 1,00,065 -2,00,170
2019-2020 -1 1 8,26,377 -8,26,377
2020-2021 0 0 3,60,178 0
2021-2022 1 1 27,70,937 27,70,937
2022–2023 2 4 5,62,837 11,25,674
TOTAL 10 46,21,354 28,70,104

Source: Annual Reports.

46, 21,354
a = = 9, 24,070.8
5

28, 70,104
b = = 2, 87,010.4
10

Interpretation
The table indicates that the loans and advances of HDFC BANK LTD. Will be
reduced from the year 2023-2021. Loans & Advances value in 2023 will be about
21, 85,102.

41
 4.3.4 CURRENT LIABILITIES
Table no 4.3.4: Current liabilities
Current
2
YEAR X X Liabilities XY
(Rs) (Rs)
Y
2018-2019 -2 4 22,58,576 -45,21,192
2019-2020 -1 1 57,45,442 -57,45,442
2020-2021 0 0 38,56,338 0
2021-2022 1 1 1,44,73,102 1,44,73,102
2022–2023 2 4 1,25,88,213 2,51,76,406
TOTAL 10 3,89,21,661 2,93,86,918
Source: Annual Reports.

3, 89, 21,661
a = = 77, 84,332.2
5

2, 93, 86,918
b = = 29, 38,691.4
10

Interpretation
The table shows that the company’s current liability will be increased from the
every year.
Current Liabilities value in 2023 will be about 1, 66, and 00,406.4.

42
 4.3.5 CURRENT ASSET
Table no4.3.5: Current assets
Current asset
2
X X (Rs) XY
YEAR Y (Rs)
2018-2019 -2 4 21,27,277 -42,54,554
2019-2020 -1 1 41,48,921 -41,48,921
2020-2021 0 0 59,74,933 0
2021-2022 1 1 1,85,09,842 1,85,09,842
2022–2023 2 4 2,03,50,240 4,07,00,480
TOTAL 10 5,11,11,217 5,08,06,947

Source: Annual Reports.

5,11,11,217
a = = 1,02,22,242.6
5

5,08,06,947
b = = 50,80,694.7
10
Interpretation
This table shows that the current asset of the company will be grown at
9times. When compared to the beginning of the period of study its must be
increased. Current Asset value in 2023 will be about 2, 54,64,326.7.

43
4.4RATIO ANALYSIS
Table no 4.4: Current Assets to Fixed Assets Ratio
YEAR RATIO Increase/
Decrease
2018-2019 0.94:1 NA
2019-2020 0.72:1 -0.22
2020-2021 1.55:1 0.82
2021-2022 1.28:1 -0.27
2022–2023 1.62:1 0.34

Source: Annual Reports.

Chart no 4.4: Current assets to fixed assets

1
0.82
0.8

0.6

0.34
0.4

0.2

-0.2
-0.22
-0.27
-0.4

Interpretation
The level of Current Assets can be measured by using this Current Asset to
Fixed Assets Ratio. The level has been fluctuating every year.

44
Table no 4.5: Net Working Capital Ratio

YEAR RATIO Increase/

Decrease
2018-2019 0.27:1 NA
2019-2020 0.16:1 - 0.19
2020-2021 0.19:1 0.03
2021-2022 0.21:1 0.06
2022–2023 0.22:1 0.01

Source: Annual Reports.

Chart no4.5: Net Working Capital Ratio

40000000 37612802
37612802
37612802
37612802

35000000

30000000

25000000

20000000

15000000

10000000

5000000

Interpretation
Net Working Capital is used as a measure of a firm’s liquidity and the firm’s
potential reservoir of funds. It can also be relate to net assets.
The Net Working Capital Ratio from the table shows a fluctuating trend and the
average Net Working Capital Ratio is 0.21 times of Net Working Capital to Net
Assets. Hence it shows that HDFC BANK LTD.. has an average liquidity position.

45
Table no 4.6: Inventories to Current Assets Ratio
YEAR RATIO Increase/
Decrease

2018-2019 1.30:1 NA
2019-2020 0.31:1 -0.99
2020-2021 0.31:1 NA
2021-2022 0.20:1 -0.16
2022–2023 0.23:1 0.04

Source: Annual Reports.

Chart no 4.6: Inventories to Current Assets Ratio

40000000 37612802
37612802
37612802
37612802

35000000

30000000

25000000

20000000

15000000

10000000

5000000

Interpretation
From the table it is known that the Inventories to Current Assets Ratio also register a
fluctuating trend during the entire study period.
The average ratio is 0.31 times and thus it is found that the investment in
inventories (being one of the important Current Assets) is kept at the considerable
level.

46
 Table no 4.7: Sundry Debtors to Current Assets Ratio
YEAR RATIO Increase/
Decrease
2018-2019 0.97:1 NA
2019-2020 0.68:1 -0.29
2020-2021 0.42:1 - 0.26
2021-2022 0.65:1 0.23
2022–2023 0.63:1 -0.02

Source: Annual Reports.

Chart no 4.7: Sundry Debtors to Current Assets Ratio

7E+09

6E+09

5E+09

4E+09

3E+09

2E+09

1E+09

Interpretation
From the table the Sundry Debtors to Current Assets Ratio shows a
fluctuating trend throughout the study period from 2018-2019 TO 2022-2023.
The average ratio is 0.65 times. Hence it implies the credit policy followed by
HDFC BANK LTD is moderate.

47
 Table no4.8: Loans and Advances to Current Assets Ratio

YEAR RATIO Increase/

Decrease
2018-2019 0.02:1 NA
2019-2020 0.20:1 0.21
2020-2021 0.06:1 -0.17
2021-2022 0.19:1 0.09
2022–2023 0.02:1 - 0.17

Source: Annual Reports.

Chart no 4.8: Loans and Advances to Current Assets Ratio

60000000

50000000

40000000

30000000

20000000

10000000

Interpretation
From the table it is noted that the Loans and Advances to Current Assets
Ratio have registered a fluctuating trend.
It implies that a quarter positions of the Current Assets are kept in for Loans
and Advances; thereby it is found that HDFC BANK LTD. value of Loans and
Advances is considerable.

48
Table 4.9: Cash to Current Assets Ratio

YEAR RATIO Increase/

Decrease
2018-2019 0.006:1 NA
2019-2020 0.019:1 0.09
2020-2021 0.01:1 -0.18
2021-2022 0.003:1 - 0.007
2022–2023 0.017:1 0.01

Source: Annual Reports.

Chart no 4.9: Cash to Current Assets Ratio

60000000

50000000

40000000

30000000

20000000

10000000

Interpretation
The table shows the details of Cash to Current Assets Ratio and registered a
fluctuating trend throughout the study period from 2019 to 2021-22.
Hence we find that HDFC BANK LTD. had maintained a moderate level of
cash in proportion to Current Assets.

49
 Table no4.10: Cash to Working Capital Ratio

YEAR RATIO Increase/

Decrease
2018-2019 0.11:1 NA
2019-2020 0.04:1 - 0.07
2020-2021 0.03:1 - 0.01
2021-2022 0.07:1 0.04
2022–2023 0.06:1 -0.01

Source: Annual Reports.

Chart no4.10: Cash to Working Capital Ratio

Increase/ Decrease
0.06
0.04
0.04

0.02

-0.02 -0.01 -0.01

-0.04

-0.06

-0.08 -0.07

Interpretation
The Cash to Working Capital Ratio registered a fluctuating trend during the
study period this is noted from the table. It was 0.11 times in 2111-18, which sharply
increased to 0.04 times in the next year and later for the following years it is
fluctuating.
Hence it is found that 4% of the Working Capital ratio is managed by using
the cash & bank balance available in the company.

50
 Table no4.11: Cash to Sales Ratio

YEAR RATIO Increase /

Decrease
2018-2019 0.0007:1 NA
2019-2020 0.0026:1 0.0020
2020-2021 0.0028:1 0.0002
2021-2022 0.0069:1 0.0041
2022–2023 0.0064:1 - 0.0005

Source: Annual Reports.

Chart no4.11: Cash to Sales Ratio

Increase / Decrease
0.005

0.004

0.003

0.002

0.001

-0.001

Interpretation
This is one of the important ratios of controlling cash. A study of cash to sales
ratio will provide a deep insight into the cash balances held in the concerns.
Evident from the table shows Cash to Sales registered a fluctuating trend
throughout the study period.

51
 Table no4.12 Cash Ratio

YEAR RATIO Increase /

Decrease
2018-2019 0.0064:1 NA
2019-2020 0.0116:1 0.0048
2020-2021 0.0200:1 0.0048
2021-2022 0.0044:1 -0.0120
2022–2023 0.0221:1 0.0218

Source: Annual Reports.

Chart no 4.12: Cash Ratio

40000000

35000000

30000000

25000000

20000000

15000000

10000000

5000000

Interpretation
From the table it is noted that the cash position of the HDFC BANK LTD is
satisfactory.
It is found that the cash required to meet out the current liabilities is
maintained at a normal level.

52
 Table no 4.13 Current Ratio
YEAR RATIO Increase /
Decrease
2018-2019 0.94: 1 NA
2019-2020 0.72: 1 -0.22
2020-2021 1.55: 1 0.83
2021-2022 1.27: 1 -0.28
2022–2023 1.62: 1 0.35

Source: Annual Reports.

Chart no 4.13: Current Ratio

40000000
35000000
30000000
25000000
20000000
15000000
10000000
5000000
0

Inference:
This ratio is an indicator of the firm’s commitment to meet its short – term liabilities.
From the table it is clear that the Current Ratio of HDFC BANK LTD. has been
fluctuating from the starting of the study period, later for last year it has been
increasing; hence the Current Ratio is quite satisfactory. Thus the Current Ratio

shows that the company has sufficient funds to meet its short-term obligations .

53
 Table no4.14: Liquidity Ratio

YEAR RATIO Increase /

Decrease

2018-2019 0.94: 1 NA
2019-2020 0.50: 1 -0.44
2020-2021 1.07: 1 0.57
2021-2022 1.03: 1 -0.04
2022–2023 1.24: 1 0.21

Source: Annual Reports.

Chart no 4.14: Liquidity Ratio

7E+09

6E+09

5E+09

4E+09

3E+09

2E+09

1E+09

Interpretation
This ratio helps the management to measure short-term solvency. The ideal liquid
ratio is 1:1From the table it is clear that HDFC BANK LTD. Liquid ratio is more
than the ideal ratio during the starting of the study period and later in 2020-2021 it
had reduced slightly, yet for the rest of the period current liabilities were fully
secured by liquid assets because the liquid assets were more than the current
liabilities and hence the company’s liquidity is satisfactory.

54
 Table no4.16: Super Quick Ratio

YEAR RATIO Increase /

Decrease
2018-2019 0.65:1 NA
2019-2020 0.32:1 -0.33
2020-2021 0.58:1 0.26
2021-2022 0.62:1 0.04
2022–2023 0.64:1 0.02

Source: Annual Reports.

Chart no 4.16: Super Quick Ratio

60000000

50000000

40000000

30000000

20000000

10000000

Interpretation
Super Quick Ratio is the healthy measure of the firm’s liquidity position.
From the table 4.21 it is noted that the liquidity of HDFC BANK LTD.. had a steep
slope in between during the year 2019-2023, yet it was able to have a slow increase
in the rest of the study period and able to maintain its position.

Hence it shows that HDFC BANK LTD.. is able to meet its current
obligations (liabilities)

55
 Table no4.17: Working Capital Turnover Ratio
YEAR RATIO Increase /
Decrease
2018-2019 16.36: 1 NA
2019-2020 21.70: 1 5.34
2020-2021 11.55: 1 -25.19
2021-2022 31.55: 1 21.00
2022–2023 5.45: 1 -26.19

Source: Annual Reports.

Chart no 4.17: Working Capital Turnover

60000000

50000000

40000000

30000000

20000000

10000000

Interpretation
This ratio indicates whether Working Capital has been effectively utilized in
making sales or not. From the table it is noted that Working Capital had some
fluctuation in the middle of the study period, yet the company was able to increase it
in the later years.
Hence the turnover indicates that HDFC BANK LTD.. had utilized its
Working Capital efficiently and the company can also try to work on this to get
more effective values.

56
 Table no 4.20: Inventories Turnover Ratio
YEAR RATIO Increase /
Decrease
2018-2019 1.36: 1 NA
2019-2020 1.02: 1 -0.34
2020-2021 1.02: 1 0
2021-2022 1.02: 1 0
2022–2023 1.53: 1 0.51

Source: Annual Reports.

Chart no4.18: Inventories Turnover

7E+09 6457014917

6E+09

5E+09

4E+09

3E+09
1821614325
2E+09 1540937056 1428184855

1E+09

Interpretation
This ratio indicates whether investment in inventory is efficiently used or not
and whether the investment is within proper limits.
From the table it is found that the Inventory turnover Ratio of HDFC BANK
LTD. had some fluctuations in the starting of the study period then it had a growth in
it. Hence the efficiency of inventory control in HDFC BANK LTD. shows a
satisfactory position.

57
 Table no4.19: Debtors Turnover Ratio
YEAR RATIO Increase /
Decrease
2018-2019 7.84: 1 NA
2019-2020 8.54: 1 0.70
2020-2021 8.49: 1 -0.05
2021-2022 3.30: 1 -5.20
2022–2023 3.26: 1 -0.04

Source: Annual Reports.

Chart no4.19: Debtors Turnover

Increase / Decrease
1
0.7
0 -0.05 -0.04

-1

-2
-5.19
-3

-4

-5

-6

Interpretation
This is one of the techniques employed by the company with regard to the collection
of the receivables through effective management of collection policy with the help of
factoring services. From the table it shows that the Debtors’ turnover Ratio had
satisfactory increase in the starting of the study period. However, in middle of the
study period it had slight fluctuations, the company was able to raise it in the next
year.

58
Table no4.20 Debt Collection Period Ratio

YEAR RATIO Increase /

Decrease
2018-2019 46.5 NA
2019-2020 42.7 -3.8
2020-2021 81.29 39.79
2021-2022 110.6 29.31
2022–2023 111.9 1.3

Source: Annual Reports.

Chart no4.20: Debt Collection Period Ratio

Chart Title
120 110.6 111.9

100
81.29
80

60
42.7 39.79
40 29.31
20
1.3
0
-3.8
-20

RATIO Increase / Decrease

Inference:
This ratio indicates the extent to which the debts have been collected in time.
It gives the average debt collection period.
HDFC BANK LTD. Use this ratio to find out whether their borrowers are
paying on time. From the table it is found that throughout the study period the
collection period is fluctuating and is within the average.

59
Table no4.21: Cash Interval Measure Ratio

YEAR RATIO Increase /

Decrease
2018-2019 175.18 NA
2019-2020 104.27 -30.89
2020-2021 176.44 32.21
2021-2022 184.72 8.28
2022–2023 186.17 1.41

Source: Annual Reports.

Chart no 4.21: Cash Interval Measure Ratio

Chart Title
200 176.16
166.44 174.72

150
104.27
100

50 32.2
8.28 1.41
0

-50 -30.89
RATIO Increase / Decrease

Inference:
This ratio examines the firm’s ability to meet its regular cash expenses. The
defensive interval measures the time period for which a firm can operate on the basis
of present liquid assets without resorting to the next year’s revenue.
This ratio of HDFC BANK LTD.., from the table shows that the company
can meet its operating cash requirements within a period of 105 to 186 days without
resorting to next year’s income.

60
CHAPTER-V
FINDINDS

61
 5.1 FINDINDS

 The cash management of HDFC BANK LTD has been working well in the
organization.
 The Funds from operations of a company has been increased from year by year.
 The cash from operations has been find that it used as efficient.
 The cash inflow and outflow of cash flow statement have a cash balance will be
increased 4.2 times when compared to last year balance.
 Current Ratio shows that the company has sufficient funds to meet its short-term
obligations.
 The company’s Liquidity Ratio shows a satisfactory trend.
 Super Quick Ratio shows that HDFC BANK LTD. is able to meet its current
obligations (liabilities)..
 The efficiency of inventory control in HDFC BANK LTD..shows a satisfactory
position..
 The Cash Ratio shows that the cash required to meet out the current liabilities is
maintained at a normal level hence, it shows that HDFC BANK LTD follows an
average policy.
 Interval Measure Ratio shows that the company can meet its operating cash
requirements within a period of 105 to 186 days without resorting to next year’s
income.
 The Current Assets to Total Assets Ratio implies that HDFC BANK LTD is
maintaining a considerable level of Current Assets in proportion to Total Assets.
 The average Cash to Current Assets is maintained at 0.009 times. Hence, it is
found that the company had maintained a moderate level of cash in proportion to
Current Assets.
 The average ratio of Inventories to Current Assets is 0.46 times and thus it is
found that the investment in inventories.
 The average ratio of Sundry Debtors to Current Assets is 0.67 times. Hence it
implies that the credit policy followed by HDFC BANK LTD.. is moderate.

62
5.2 SUGGESTIONS & RECOMMENDATIONS

 HDFC BANK LTD. Should try to match their Cash with the sales. In case of
surplus Cash, it should be invested either in securities or should be used to
repay borrowings.
 The company should try to prepare a proper ageing schedule of debtors. This
will help them to reduce the bad debts and speed up collection efforts.
 The company should be prompt in making payments so as to enjoy cash
discount opportunities
 The company should determine the optimum cash balance to be kept.
 The company followed an aggressive policy of financing working capital
should try to finance 50% of their working capital using long term source and
improve their status.
 The current Ratio of 2:1 is considered normally satisfactory. HDFC BANK
LTD should try to improve the current ratio. So it should invest large amount
in current ratio, in order to maintain liquidity and solvency position of the
concern.
 The company should try to follow a matching policy for financing current
Assets (i.e.) using both long term and short-term sources of finances.

63
5.4 CONCLUSION

The Cash Management Analysis done on the financial position of the

company has provided a clear view on the activities of the company. The use of the ratio
analysis, trend analysis, Cash Flow Statement and other accounting and financial
management helped in this study to find out the financial soundness of the company.
This project was very useful for the judgment of the financial status of the
company from the management point of view. This evaluation proved a great deal to the
management to make a decision on the regulation of the funds to increase the sales and
bring profit to the company.
Before I conclude I wish to convey my thankfulness in regard to the training
given to me in HDFC BANK LTD... It gave me extreme satisfaction and practical
knowledge of the financial activities carried out in the company. The kindness, attention,
and immense co-operation extended to me buy all the officials in the company made my
project easy and comfortable. Really it was a very pleasant experience in HDFC BANK
LTD..

64
 BIBILIOGRAPHY

TEXT BOOKS
 S.N. Maheshwari, Financial management, Eleventh Edition 2106, Sultan Chand &
Sons, Educational Publishers. New Delhi.
 I.M Pandey, Financial management, Ninth Edition, Vikas publishing house pvt Ltd.

 M.Y Khan- P.K Jain, Management Accounting, Third edition, Tata Mc Graw-Hill
Publishing co. Ltd

Journals
 International Journal of Pure and Applied Mathematics Volume 117 No. 20 2020,
467-471
 IOSR Journal of Business and Management (IOSR-JBM) Volume 20, Ver. III (Feb.

2020)

 Article 10, Volume 8, Issue 2 - Serial Number 30, Winter 2022

 Volume 63, No.5 (September-October 2016)

 Volume 5, Issue 4, April 2020

 Volume 13, Issue 1, April2019

 Vol. 1(5) pp. 01 – 09, July, 2111

 19(1): 1-13, 2020

 Volume 4, Issue 1

 Volume 20, Issue 2. Ver. III (Feb. 2020)

WEBSITE
www.scribd.com
www.fmsource.com

65