During 2003-04, the top five private sector banks in terms of CAR were Karur Vysya Bank (17.11 per cent), J&K Bank (16.88 per cent), Bharat Overseas Bank (16.25 per cent), Kotak Mahindra Bank (15.25 per cent) and City Union Bank (13.96 per cent).
On the other hand, during 2002-03, the top five were Kotak Mahindra Bank (25.97 per cent), Karur Vysya Bank (17.01 per cent), J&K Bank (16.48 per cent), City Union Bank (13.95 per cent) and Bharat Overseas Bank (13.87 per cent).
The net worth of Karur Vysya Bank increased by 27.4 per cent to Rs 712 crore as on March 31,2004 from the level of Rs 559 crore as on March 31,2003. This has helped the bank to get the highest CAR during 2003-04.
Similarly, the net worth of J&K Bank increased by 28.3 per cent to Rs 1,594 crore during 2003-04 from the level of Rs 1,242 crore during 2002-03. And the bank achieved the second highest CAR of 16.88 per cent during 2003-04 among the 16 private sector banks.
Among the 16 private sector banks, significant decline in CAR during 2003-04 was observed in the case of Kotak Mahindra Bank (25.97 per cent in 2002-03 to 15.25 per cent in 2003-04), ICICI Bank (11.1 per cent to 10.36 per cent) and Bank of Rajasthan (11.29 per cent to 11.18 per cent).