02-04-2011, 12:52 PM
PRESENTED BY:
Preetham
Chaitanya
Akhil
Uday
Dheeraj
[attachment=11562]
ABOUT THE PROJECT:
Usually all persons want money for personal and commercial purposes. Banks are the oldest lending institutions in Indian scenario. They are providing all facilities to all citizens for their own purposes by their terms. To survive in this modern market every bank implements so many new innovative
ideas,
strategies,
and advanced technologies. For that they give each and every minute detail about their institution and projects to Public.
They are providing ample facilities to satisfy their customers i.e. Net Banking, Mobile Banking, Door to Door facility, Instant facility, Investment facility, Demat facility, Credit Card facility, Loans and Advances, Account facility etc. And such banks get success to create their own image in public and corporate world. These banks always accepts innovative notions in Indian banking scenario like Credit Cards, ATM machines, Risk Management etc. So, as a student business economics I take keen interest in Indian economy and for that banks are the main source of development.
So this must be the first choice for me to select this topic. At this stage every person must know about new innovation, technology of procedure new schemes and new ventures.
Because of the following reasons, I prefer this project work to get the knowledge of the banking system.
• Banking is an essential industry.
• It is where we often wind up when we are
seeking a problem in financial crisis and
money related query.
• Banking is one of the most regulated
businesses in the world.
• Banks remain important source for career
opportunities for people.
• It is vital system for developing economy
for the nation.
•Banks can play a dynamic role in delivery
and purchase of consumer durables.
Second phase of nationalization Indian Banking Sector Reform was carried out in 1980 with seven more banks. This step brought 80% of the banking segment in India under Government ownership. The following are the steps taken by the Government of India to Regulate Banking Institutions in the Country:
• 1949 : Enactment of Banking Regulation Act.
• 1955 : Nationalization of State Bank of India.
• 1959 : Nationalization of SBI subsidiaries.
• 1961 : Insurance cover extended to deposits.
• 1969 : Nationalization of 14 major banks.
• 1971 : Creation of credit guarantee corporation.
• 1975 : Creation of regional rural banks.
1980 : Nationalization of seven banks with deposits over 200 crore.
After the nationalization of banks, the branches of the public sector bank India rose to approximately 800% in deposits and advances took a huge jump by 11,000%. Banking in the sunshine of Government ownership gave the public implicit faith and immense confidence about the sustainability of these institutions.
FUNCTIONING OF A BANK:-
Functioning of a Bank is among the more complicated of corporate operations. Since Banking involves dealing directly with money, governments in most countries regulate this sector rather stringently. In India, the regulation traditionally has been very strict and in the opinion of certain quarters, responsible for the present condition of banks, where NPAs are of a very high order. The process of financial reforms, which started in 1991, has cleared the cobwebs somewhat but a lot remains to be done. The multiplicity of policy and regulations that a Bank has to work with makes its operations even more complicated, sometimes bordering on illogical. This section, which is also intended for banking professional, attempts to give an overview of the functions in as simple manner as possible. Banking Regulation Act of India, 1949 defines Banking as "accepting, for the purpose of lending or investment of deposits of money from the public, repayable on demand or otherwise and withdraw able by cheques, draft, and order or otherwise."
RULES GOVERNING THE PROJECT
All the customers of the bank have a unique account number.
The account numbers are not nullable i.e., they cannot take null values.
The customers must have a minimum account balance of Rs.1000.
Any customer is not allowed to withdraw amount from his account, if the withdrawl results in his account balance going below the minimum balance.
A person is eligible to get a loan from the bank if he has an account in the bank.
The percentage of interest imposed on the loan depends on the Company’s policies.
The customers are issued cards (ATM or Debit) depending on his/her eligibilities.
All the card holders have unique card and PIN numbers.
The employees of the bank have unique identification numbers.
Preetham
Chaitanya
Akhil
Uday
Dheeraj
[attachment=11562]
ABOUT THE PROJECT:
Usually all persons want money for personal and commercial purposes. Banks are the oldest lending institutions in Indian scenario. They are providing all facilities to all citizens for their own purposes by their terms. To survive in this modern market every bank implements so many new innovative
ideas,
strategies,
and advanced technologies. For that they give each and every minute detail about their institution and projects to Public.
They are providing ample facilities to satisfy their customers i.e. Net Banking, Mobile Banking, Door to Door facility, Instant facility, Investment facility, Demat facility, Credit Card facility, Loans and Advances, Account facility etc. And such banks get success to create their own image in public and corporate world. These banks always accepts innovative notions in Indian banking scenario like Credit Cards, ATM machines, Risk Management etc. So, as a student business economics I take keen interest in Indian economy and for that banks are the main source of development.
So this must be the first choice for me to select this topic. At this stage every person must know about new innovation, technology of procedure new schemes and new ventures.
Because of the following reasons, I prefer this project work to get the knowledge of the banking system.
• Banking is an essential industry.
• It is where we often wind up when we are
seeking a problem in financial crisis and
money related query.
• Banking is one of the most regulated
businesses in the world.
• Banks remain important source for career
opportunities for people.
• It is vital system for developing economy
for the nation.
•Banks can play a dynamic role in delivery
and purchase of consumer durables.
Second phase of nationalization Indian Banking Sector Reform was carried out in 1980 with seven more banks. This step brought 80% of the banking segment in India under Government ownership. The following are the steps taken by the Government of India to Regulate Banking Institutions in the Country:
• 1949 : Enactment of Banking Regulation Act.
• 1955 : Nationalization of State Bank of India.
• 1959 : Nationalization of SBI subsidiaries.
• 1961 : Insurance cover extended to deposits.
• 1969 : Nationalization of 14 major banks.
• 1971 : Creation of credit guarantee corporation.
• 1975 : Creation of regional rural banks.
1980 : Nationalization of seven banks with deposits over 200 crore.
After the nationalization of banks, the branches of the public sector bank India rose to approximately 800% in deposits and advances took a huge jump by 11,000%. Banking in the sunshine of Government ownership gave the public implicit faith and immense confidence about the sustainability of these institutions.
FUNCTIONING OF A BANK:-
Functioning of a Bank is among the more complicated of corporate operations. Since Banking involves dealing directly with money, governments in most countries regulate this sector rather stringently. In India, the regulation traditionally has been very strict and in the opinion of certain quarters, responsible for the present condition of banks, where NPAs are of a very high order. The process of financial reforms, which started in 1991, has cleared the cobwebs somewhat but a lot remains to be done. The multiplicity of policy and regulations that a Bank has to work with makes its operations even more complicated, sometimes bordering on illogical. This section, which is also intended for banking professional, attempts to give an overview of the functions in as simple manner as possible. Banking Regulation Act of India, 1949 defines Banking as "accepting, for the purpose of lending or investment of deposits of money from the public, repayable on demand or otherwise and withdraw able by cheques, draft, and order or otherwise."
RULES GOVERNING THE PROJECT
All the customers of the bank have a unique account number.
The account numbers are not nullable i.e., they cannot take null values.
The customers must have a minimum account balance of Rs.1000.
Any customer is not allowed to withdraw amount from his account, if the withdrawl results in his account balance going below the minimum balance.
A person is eligible to get a loan from the bank if he has an account in the bank.
The percentage of interest imposed on the loan depends on the Company’s policies.
The customers are issued cards (ATM or Debit) depending on his/her eligibilities.
All the card holders have unique card and PIN numbers.
The employees of the bank have unique identification numbers.
