Beruflich Dokumente
Kultur Dokumente
BACHELOR OF COMMERCE
BANKING & INSURANCE
SEMESTER V
(2015-2016)
SUBMITTED BY:
ADSULE SEEMA GANESH
ROLL NO: 41
GUIDE NAME
MISS. DEVKI SHETTY
SHREE NARAYANA GURU
COLLEGE OF ARTS &COMMERCE
BACHELOR OF COMMERCE
BANKING & INSURANCE
SEMESTER V
Submitted
In Partial Fulfilment of the requirements
For the Award of the Degree of
Bachelor of Commerce Banking & Insurance
By
ADSULE SEEMA GANESH
ROLL NO
RESEARCH DESIGN
The purpose of the study is to understand the facilities provided by and the innovative
techniques used by banks which benefit the customer and save their precious time.
OBJECTIVE OF THE STUDY
1. To understand differences between traditional banking and modern banking.
2. To understand new banking product and services.
3. To know that how modern banking services saves our time.
4. To predict the future of modern banking.
RESEARCH ETHOLOGY
Data Collection :
PRIMARY DATA
Primary visit to a bank:
State Bank of India
Janakalyan Sahakari Bank Limited
SECONDARY DATA
Websites
Books
CONTENT
NUMB
ER
1.
2.
3.
4.
5.
5.
6.
7.
8.
CHAPTER
Introduction
Banking System In India
Modernization In Banking Sector
Various Schemes In Banking Sector
Banking Tecnologies
Indian Banking Industry 2015
Visiting Report Of SBI
Visiting Report Of Janakalyan Sahakari Bank
Limited
PAGE
NUMBE
R
A BRIEF INTRODUCTION
A bank is a financial institution that provides banking and other financial services to
their customers. A bank is generally understood as an institution which provides
fundamental banking services such as accepting deposits and providing loans. There
are also non-banking institutions that provide certain banking services without
meeting the legal definition of the bank. Banks are a subset of the financial services
industry.
A banking system also referred as a system provided by the bank which offers cash
management services for customers, reporting the transactions of their accounts and
portfolios, throughout the day. The banking system in India should not only be hassle
free but it should be able to meet the new challenges posed by the technology and any
other external and internal factors. For the past three decades, Indias banking system
has several outstanding achievements to its credit. The Banks are the main participants
of the financial system in India. The Banking sector offers several facilities and
opportunities to their customers. All the banks safeguards the money and valuables
and provide Loans, credit, and payment services, such as checking accounts, money
orders, and cashiers cheques. The banks also offer investment and insurance products.
As a variety of models for cooperation and integration among finance industries have
emerged, some of the traditional distinctions between banks, insurance companies,
and securities firms have diminished. In spite of these changes, banks continue to
maintain and perform their primary role accepting deposits and lending funds form
these deposits.
The major limitations of the bank nationalisation in India are:Limited sources mobilized and allocated: The resources mobilized after the
nationalization is not sufficient if we consider the needs of the Indian Economy.
Sometimes the deposits mobilised are enough but the resource allocation is not as per
the expansions.
Inadequate Banking Facilities: Even though banks have spread across the country,
still many parts of the country are unbanked. Especially in the backward states such
as the Utter Pradesh, Madhya Pradesh, Chhattisgarh and north-eastern states of India.
Lower Efficiency and Profit: After nationalisation banks went in the Government
sector. Many times political forces pressured them. Banking was nit done on
professional and ethical grounds. It resulted into lower efficiency and poor
profitability of banks.
Increased Expenditure : Due to huge expansion in a branch network, large staff
administrative expenditure, trade union struggle, etc. Banks expenditure increased to
dangerous levels.
Political and Administrative Interference : Many public sector banks badly suffered
due to the political interference. It ultimately resulted in huge non-performing assets
(NPA) of these banks and inefficiency. These are several limitations faced by the
banks nationalisation in India. Apart from this there are certain other limitations as
well, such as weak infrastructure, poor competitiveness etc. But after Economic
Reform of 1991, the Indian Banking industry has entered in to the new horizons of
competitiveness, efficiency and productivity. It has made Indian banks more vibrant
and professional organisations, removing the bad days of bank nationalisation.
FUNCTIONS OF BANKS
Trough borrowings and lending the main function of banking, yet they are not only
function as commercial banks. Commercial banks are involved in diversified
activities and perform varieties of functions. The functions of a modern bank are
classified under the following heads: