Chapter - 01

INTRODUCTION OF
BANK

1
 CHAPTER -01

INTRODUCTION

INTRODUCTION OF BANK

A bank is a financial institution whose primary activity is act as a

p ay m e n t a g e n t f o r c u s t o m e r s an d t o b o r r o w an d l e n d m o n e y . I t i s an
institution for receiving, keeping, and lending money. Banks have influenced
economics and politics for centuries. Historically, the primary purpose of a
bank was to provide loan trading companies. Banks provided funds to allow
business to purchase inventory, and collected those fund back with interest
when the goods were sold For centuries, the banking industries only deal with
business, not customers. Banking services have expended to incl ude services
directed at individuals, and risks in these much smaller transactions are pooled

HISTORY OF BANK

Banking in the modern sense of the work can be traced to medieval and early
renaissance Italy, to the rich cities in the north like Florence, Venice and genoa. The
bardi and Peruzzi families dominated banking in 14 th century Florence,
establishing branches in other parts of Europe. Perhaps the most famous Italian
bank. Set up by Giovanni Medici in 1397. The earliest known state deposit bank,
banco di san Giorgio (bank of st, George) was founded in 1407 genoa, Italy.

The bank can be traced back to ancient times even before money when
temples where used to stores commodities. During the 3rd century AD, banks in
Persia and Other territories in the Pers ian Sassanid Empire issued letter if

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credit known as Sakks. Muslim traders are known to have used the cheque of
sakk system since the time of Harun Al-Rashid (9th century) of the Abbasid

caliphate. In the 9 century a Muslim business man could cash an early form of
cheque in china drawn on sources in Baghdad, a tradition that was significantly
strengthened in the 13 th and 14 th century, during the Mongol empire. Fragments
found in the Cairo Geniza indicate that in the 12 th century cheque remarkably
similar to our own were in use, only smaller to save cost on the paper. The
contain some to be paid and then the order "may so and so pay the bearer such and
such as an amount". The date and name of the issuer are also apparent.

ORGIN OF BANKS

In ancient Babylon, Egypt and Greece, banking was carried on. In fact, the
temple usually served as the place to deposit money. In Rome in the year 210 B.C.,
an ordinance was issued that set aside a place for money changers. The word
"BANK" comes to as from Italian. In the street in the bench, and the word for bench
is "BANCO" from which we derive the word bank. In venice in 1587. Banco di Rialdo
was first set up. It accepted and permitted the depositors to write Cheque
against their money.

In 1619 Banco Del Giro took this bank. The bank of Amsterdam was set up
in 1609. The present day bank has three predecessors, namely, the Goldsmith.
The merchant and money leader. Bank of England was setup in 1694 which was
later on followed by other central bank of different countries In India, the first
ever bank was established in 1786, called "GENERAL BANK OF INDIA" which followed
by bank Hindustan and Bengal bank. In 1809 the presidency Bengal was
established which was followed by the establishment of the presidency of bank of
Bombay in 1840 and presidency bank in madras in 1843. The RBI was passed in the
year 1934 and after independent. The RBI was taken over by the government by
passing of the transfer of public ownership act. Fiteshare holder of RBI were paid
compensation.

3
DEFINITION OF BANK
Section 5(b) of the banking companies act, 1949 defines banking as the
accepting purpose of lending or investment of deposit of money received from
public, repayable on demand and withdrawal by cheque. Draft, order or otherw ise".

From the above definition. It is clear that a bank accepting deposit from the
public lends or invests in various assets which bring revenue to bank. Out if such
earning, the bank will not only repay the deposits as and when demanded h) public
but will also pay interest on the deposits.

The customer of a bank can withdrawal money

• By withdrawal slip provided by the bank or

(b)By cheques provided by the bank to the account holder or
(c) By draft. A draft is made by the bank on deposit of money.It can be made by
any person for sending money from one place to another. A draft is an instruction by
a branch to another branch.

RISK AND CAPITAL

Bank face a number of risk in order to in conduct their business, and how
well this risk are managed and understood is a key driver behind profitability, and
how much a capital a bank is required to hold if the some of mind risk faced by bank
include.

• Credit risks: risk of loss arising from borrower who does not make payment as
promised.

• Liquidity risk: risk that a given security or asset cannot be traded quickly
enough in the market to prevent a loss (or make the required profit)

• Market risk: Risk that the 'volume a portfolio, either in investment portfolio, will
decrease due to the change in value of the market risk factors.

4
• Operational risk: risk arising from execution of company's business function.

The capital requirement is a bank regulation, which a sets a framework on how

banks and deposit of institution must handle their capital the categorization of
assets and capital is highly standardized so that it can be risk weighted.

CHANNELS

Bank offer many different channels to access their banking and other services:

ATM machine that dispenses cash and sometimes take deposits without the need
for a human bank teller. Some ATM provides additional services.

• A branch is a retail location.

• Call center.
• Mail: most bank accept check deposit via mail and use mail to communicate
to the customer, example, by sending out statement.
• Mobile banking is a method of using once mobile phone to conduct banking
transaction.
• Online banking is a term used for performing transaction, payments etc... over
the internet.

• Relationship manager, mostly for private banking or business banking, often

visiting customers at their home or business.
• Telephone banking is a service which allows is it is customer to perform
transaction over the telephone without speaking to a human.
• Video banking is term used for performing banking transaction or professional
banking consultation via a remote video and audio connection. A video banking
can be performed via purpose built banking transaction machine or via a video
conference enable bank branch.

5
BANKING SYSTEM

The banking system refers to various aspects of banking industry prevailing in a

country. It deal about the ownership of the bank, the structure of banks, function
undertaken by bank and also nature of business. Based on the ownership, bank can
be classified as public and private sector banks, cooperative sector and foreign
bank.

PUBLIC SECTOR BANK

Bank in a country if fully owned by a government, is public sector bank. The

world "THE" and "LIMITED" will not feature in the names. This is because the
ownership rest with the government and the liability is unlimited.

PRIVATE SECTOR BANKS

Private sector bank are those which are owned by group of shareholder who
elect their director for managing the bank.

CO- OPERATIVE BANK

--

The banks are run under the co-operative principles of service motive, rather
than profit motive are mainly to help the weaker section of the society. Example:
state co-operative bank, central co-operative bank, etc.

FOREIGN BANKS

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 Banks belonging to foreign countries having the branches in India are foreign
banks. Foreigners contribute the entire share capital. Example: HSBC bank, ABL-
AMRO bank, CITY bank etc..

BANKING SYSTEM IN INDIA

Banking in India originated in the last decades of the 18 th century. The oldest
bank in existence in India is the SBI, the government-owned by bank

By the 1960s, The Tamilnadu State Apex Co-operative Bank Ltd.ing industry
become and important tool to facilitate the development of the Indian economy. At
the same time, it has emerged as large employer, and a debate as ensured about the
possibility to nationalize the banking industry. INDIRA GANDHI, the then prime
minister if India expressed the intension of the GOT on the annual conference of the
all India congress meeting in a paper entitled "stray thought on bank
nationalization". The paper was received with positive enthusiasm.

There after, here move was swift and sudden, and the GOI issued
ordinance and nationalized the 14 largest commercial bank with effect from
midnight of July 19, 1969. Jaya Prakash Narayan, a national leader of India,
described the step as a "master stroke of political sagacity". Within tow week of
the issue if the ordinance the parliament passed the banking companies
(acquisition and transfer of under taking) bill, and received it presidential
approval on 9 t h August 1969. A second dose of nationalization of six commercial
bank in followed in 1980. The started reason for the nationalization was to
give the government more control of credit delivery. With the second dose
nationalization, the GOI control around 9 1% of the banking business of India. A
later on, in the year 1993, the government merged new bank of India with Punjab
national bank.

It was the only merger between nationalized bank and resulted in the
reduction of the number of nationalized bank 20 to 19. After this, until the 1990s,

7
 the nationalized grew at the peace of 4% closed to the average rate growth of the
Indian economy. The nationalized bank were credited by some, including home
minister P. Chidambaram, to have helped the Indian economy with stand the global
financial crisis of 2007-2009.

RESERVE BANK OF INDIA

The central bank of the country is the reserve bank of India (RBI). It was established
in 1935 with a shop capital of Rs.5cr on basis of the recommendations of the
Hilton young commission. The share capital was divided into share of Rs. 100
each fully paid which was entirely owned, private share in the beginning. The
government held share of nominal value of Rs. 2, 20,000.

RBI was nationalized in the year 1949. The general superintendence and
direction of the bank is entrusted to central board of director of 20 member, the
governor and four deputy governor one government official from the ministry of
finance, ten nominated director by the government to give representation to
important elements in the economic life of the country, and four nominated
director by the central government to respect four local boards with the
headquarters at five member each central government

Appointed for a term of four year to represent territorial and economic interest of
cooperative and indigenous bank the RBI act 1934, was commenced on April 1,
1935. The act, 1934(11 of 1934) provides the statutory basics of the functioning
of the bank.

The bank was constituted for the need of following:

 To regulate the issue of bank notes

 To maintain reserves with a view to securing monitory stability and
 To operate credit and currency system of the country to it is advantage.

CLASSIFICATION OF RBI FUNCTIONS

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 The monitory function also known as central banking function of the RBI are
related to control and regulation of money and credit, i.e. issue of currency control of
bank credit. Control of foreign exchanges operation, banker to the government
and the money market. Monitory function of the RBI are significant as they
control regulate the volume of money and crediting the country equality
important, however, are the non-monitory function of the RBI may be regarded as
a non-monitory function (though many consider this is monitory function).

The promotion of sound banking in India is an important board of the RBI, the
RBI has been given wide and drastic powers, under the banking regulation act of
1949 these power relate to licensing of bank, branch

expansion, liquidity of the asset, management under method of working, inspection,

amalgamation, reconstruction and liquidation.
Under the RBIs supervision and inspection, the working of bank as
greatly improved. The commercial bank have developed into financially and
Operationally sound and viable units. The RBI powers of supervision have been
extended to non banking financial intermediaries.
Since independence, particularly after its nationalization 1949, the RBI has followed
the promotional function and has been responsible for strong financial support to
industrial and agriculture development in the country.

INTRODUCTION OF THE TAMILNADU STATE APEX CO-

OPERATIVE BANK LTD.
 Free collection of IW/DW/RO/OCC instrument
 Minimum monthly average balance Rs.5000/ -
 Mobile banking
 Free internet banking
 Statement of accounting though e -mail
 AP Free issue of DD up to Rs.25000/ - p.m.

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 Free 100 cheque leaves per year.
 Cheque payable at par up to Rs.15 Lakh p.m.
 Instant fund transfer through NEFT/RTGS
 Free cash remittance/withdrawal at any branch

1.1 OBJECTIVE OF THE STUDY

 To study in detail about the saving account of The Tamilnadu State Apex Co-
operative Bank Ltd., Trilicane branch.

 To analyze the trend in saving account its value

 To compare saving bank account during this period (2016 -2018)

10
Chapter - 02
REVIEW OF
LITERATURE SB
ACCOUNT

11
 CHAPTER — 2

REVIEW OF LITRETURE

Saving Bank:

Savings Bank Account are meant to promote the habit of saving among the
citizen while allowing them to use their funds when required. The main
advantage of Saving Bank Account is its high liquidity and safety. On top of that
Saving Bank Account earn moderate interest to. The rate of interest is decided and
periodically reviewed by the Government of India. Presently, the rate of interest is
3.5% compounded half yearly.

Savings Bank Account can be opened in the name of an individual or in joint names if
the depositors. Saving Bank Accounts can also be opened and operated by the
minors provided they have completed ten years of age. Accounts by Hindu
Undivided Families (HUF) not engaged in any trading or business activity, can be
opened in the name of the Karta of the HUF.The minimum balance to be
maintained in an ordinary savings bank account varies from bank to bank. It is less
in case of public sector banks and comparatively higher in case of private banks.
In most of the public sector banks, minimum balance to be maintained is Rs.
500. In accounts where cheque books are issued, a minimum balance of Rs.
1000/- has to be maintained. For pension Saving Accounts, minimum balance to
be maintained is Rs. 5/- without cheque facility and Rs. 250/- with cheque facility
Things to Consider While Opening Savings Account. It is advisable to seek the
following information from bank before opening the account: Minimum balance
requirements.

Penal provisions in case the balance falls below the minimum stipulated amount
Penalty in case of return of cheque issued or instruments sent on collection.

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Collection facilities etc. offered and charges applicable.

Details of charges, if any for issue of cheque books and limits fixed on number of
withdrawals, cash drawing etc.

Document Required For Opening a Savings Account

Two passport size photographs

Proof of residence i.e. Passport/driving license/Gas bill/Telephone bill /Electricity

Bill/Ration card/voters identity card

An introduction of the person from an existing account holder.

PAN number/Declaration in form no 60 or 61 as per the Income Tax Act 1961. Rules

in saving bank

ELIGIBILITY

Individuals, Joint accounts, Clubs, associates, trusts, Govt. Bodies, societies

(including co-operatives), educational institutions, associates and other non-trading
organizations.

Minors who have completed ten years of age can apply in their names.

MINIMUM BALANCE

You need to maintain a minimum balance of Rs. 500/- for non-cheque

Accounts in branches in rural and semi-urban areas. It is Rs.500 for non -Cheque

operated account and Rs 1000 or cheque operated accounts in other branches. For

pension accounts the minimum balance is Rs.5/- for non cheque operated accounts

and Rs.250/4or cheque operated accounts.

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REQUIREMENTS FOR OPENING ACCOUNT
Duly Filled Application Form, Proof of identity, Address proof, Introduction, Passport
size photograph.

INTEREST

4.0 % P.

INTEREST PAYMENT

Interest is paid on daily product basis

LOAN AGAINST DEPOSIT

Not Permitted

BENEFITS

MASTER and RUPAY kasin Debit Card

Instant Credit of Outstation Cheque up to Rs.15,000/ -

Internet banking facility.

Nomination facility

Ind Net banking facility

Ind mobile banking facility

Ind phone banking facility

E payment of direct tax

Multicity cheque facility

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Standing Instruction Facility

Speedy transfer of funds

Anywhere Banking

Insurance Products

VALUE ADDITIONS

Maintain an average quarterly balance of Rs. 10,000 and above in the account and

get the following facilities:

Inland drafts/mail transfer not exceeding Rs.10,000/- per month, limited to 2

Occasions in a month per depositor issued without any commission/exchange.

Collection of inland outstation instruments such as cheque / draft / dividend

Warrants etc not exceeding Rs 10,000/- per month irrespective of the number Of

instruments per depositor is done without collection charge

The Main feature of saving account in bank are as follows

The main objective of saving account is to promote savings.

There is no restriction on the number and amount of depositor. However, in India,

mandatory PAN (Permanent Account Number) details are
Required to be furnished for doing cash transactions exceeding T50,000. Withdrawals

are allowed subject to certain restrictions. The money can be withdrawn either by

15
cheque or withdrawal slip of the respective bank. The rate of interest payable is very

nominal on saving accounts. At present it is between 4% to 6% p.a in India. Saving

account is of continuing nature. There is no maximum period of holding. A

minimum amount has to be kept on saving account to keep it functioning.

No loan facility is provided against saving account.

Electronic clearing System (ECS) of E-Banking are available to pay insurance
premium, electricity bill, telephone bill and other routine household expenses.
Generally equated monthly installments (EMI) for housing loan, personal loan, car
loan, etc are paid (routed) through saving bank account.

Square Advantage of Saving Account

The advantages of saving account are as follows:

Saving account encourages savings habit among salary' earners and others who
have fixed income.

It enables the depositor to earn income by way of saving bank interest.

Saving account helps the depositor to make payment by way of issuing cheque. It

shows income of a salaried and other person earned during the year.

Saving account passbook acts as an identity and residential proof of the account
holder.

SERVICES OF THE TAMILNADU STATE APEX CO-OPERATIVE BANK LTD.

Personal Banking Account

 Saving account
 Current account
 Term deposit

Saving Bank

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 Corporate Salary Account
 Student Account
 Platinum

Current Account
 CD Supreme
 CD Classic
 CD Super

Retail Products
 Housing Loan
 Vehicle Loan
 Educational Loan

International VISA card

 Debit Card
Term Deposits

 Fixed Deposit.
 Recurring Deposit.
 Cash certificate

Saving bank account in The Tamilnadu State Apex Co-operative Bank Ltd.:

The Tamilnadu State Apex Co-operative Bank Ltd. provides various

Savings Bank Deposit schemes meant for people belonging to all sections to all
sections of the society. The Bank stays committed to society to inculcate savings
habit among the people while allowing them to use their funds as per their
convenience.

REGULAR SAVING BANK ACCOUNT:

ELIGIBILITY
 Individual in personal capacity
 Individual in joint names

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 A minor with natural guardian
 A minor over the age of 12 years and who is literate
 Charitable and Educational Institutions, which is non-commercial
 A blind
 An illiterate

MINIMUM BALANCE

You need to maintain a minimum balance of Rs.100/- for non-cheque operated

accounts and Rs.500/- for cheque operated accounts in branches in rural and
semi-urban areas. it is Rs.500 for non -cheque operated account and Rs. 1000 for
cheque operated account in other branches.

For pension accounts the minimum balance is Rs. 5/- for non-cheque operated
accounts and Rs. 250/- for cheque operated accounts.

REQUIREMENTS FOR OPENING ACCOUNT

 Application Form

 Introduction

 Photographs (two)

 Proof of Identity

1. PAN Card

2. Passport

3. Driving License

4. Election Voters Card (EPIC)

 Proof of address

1. Utility bills

2. Property / municipal tax receipt

3. Bank account / Post Office savings bank account statement

4. Pension or family pension payment orders (PPOs) issued to retired employees by

Government Departments or Public Sector Undertakings, if they contain the address

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INTEREST RATE
4.00% p.a.

INTEREST PAYMENT
Interest is paid on daily product basis

LOAN AGAINST DEPOSIT

Not permitted

BENEFITS

International VISA Debit card

Instant Credit of Outstation Cheque upto Rs.15,000/ -

Internet banking facility. Multicity Cheque facility Nomination facility

Standing instruction facility Speedy transfer of funds Anywhere Banking

Insurance Products

VALUE ADDITIONS

Maintain an average quarterly balance of Rs. 10,000 and above in the account and
get the following facilities:-

Inland drafts / mail transfer not exceeding Rs. 10,000/- per month, limited to 2
occasions in a month per depositor issued without any commission/exchange.

Collection of inland outstation instruments such as cheques / draft / dividend

warrant etc not exceeding Rs. 10,000/- per month irrespective of the number of
instruments per depositor is done without collection.

BRANCHES WHERE ACCOUNT CAN BE OPENED

All branches of the Bank

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THE TAMILNADU STATE APEX CO-OPERATIVE BANK LTD.

Individuals/Non-Cooperatives:

ELIGIBILITY

Only individuals with the age between 17 and 80 years.

MINIMUM BALANCE REQUIREMENT

The average daily balance over the last three months should not be less than Rs.
10,000/-.

SPECIAL FEATURES/CONCESSIONS

 ATM card on day one.

 International Debit Card without charges

 Internet banking

 Personalized Multi city cheques issued at MICR centers free.

 Monthly account statements over E-mail.

 SMS alerts of daily transactions.

 Transfer of funds through RTGS without charges

 Transfer of funds thro 'NEFT without charges.

Personalized cheque books with name printed free of cost Personal Accident

Insurance covers of Rupees Five lakhs free of cost Anywhere Banking in CBS/TBA

branches

Preferential rate for gold coins

ATM usage at any bank free

Demand account opening charges free.

Online Tax payment free of cost.

Online bill payment facility.

20
Facility for Family Health Insurance.

If the quarterly average balance is between Rs. 50,000 and <Rs. 100000, the
balance exceeding Rs. 65,000 will be swept out and kept in TD in units of
Rs.2000/- As and when the minimum balance goes down, the adequate units in TD
will be closed and transferred to SB, on a lost in —first out basis.

Chapter - 03
BANK PROFILE OF
THE TAMILNADU
STATE APEX CO-
OPERATIVE BANK
LTD.
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BANK PROFILE THE TAMILNADU STATE APEX CO-OPERATIVE BANK LTD.:
Mission:

The Mission of the Bank is to mobilize resources, provide banking products and other professionalized
services to the people, strengthen the affiliates, provide vibrant leadership to the co-operative banking
system, achieve sustained growth and ultimately to attain prime position in the banking industry

Growth of TNSC:

The Cooperative Banks functioning in Tamil Nadu are fulfilling the credit requirements of
the farmers, weavers, rural artisans, consumers of urban area. These institutions are known
as Cooperative Credit Institutions. The Coop. institutions are functioning under two
category. They are: long-term coop. credit institutions, short-term coop. credit institutions.
The coop. credit institutions functioning under short-term credit structure are of three-tier
in nature. At the grass root level, the Primary Agricultural Coop. Banks (PACBs)
are functioning at village level. At the district level, the Central Coop. Banks (CCBs)are
functioning with the headquarters at district capital and their branches in various places of
the districts concerned. At the apex level, the Tamil Nadu State Apex Coop.
Bank Ltd.,(TNSC Bank) is functioning at Chennai which co-ordinates the entire short- term
coop. credit structure.

22
The Tamil Nadu State Apex Co-operative Bank Ltd., commenced its business during
November 1905 as an Urban Coop. Bank. It was subsequently changed into a
District Central Coop. Bank during July1920. At present, the Bank is functioning at Chennai
with 44 branches, an Extension Counter and H.O.TNSC Bank is guiding the Dist. Central
Coop. Banks / Primary Agricultural Coop. Banks in their functioning and it is playing a major
role in the coop. movement of Tamil Nadu.

TNSC Bank was formed in the year in which the coop. movement of Tamil Nadu was
formed. As such, the Bank has been serving the people of Tamil Nadu for a centenary for
their economic development. As far as Indian coop. movement is concerned, the Bank has
commenced its business from the very next year of the formation of coop. movement in
India. TNSC Bank is the first ever State Coop. Bank having the credit of celebrating the
centenary year.

TNSC Bank has got the licence of Reserve Bank of India to carry on the banking business.
TNSC Bank is a Scheduled Coop. Bank and has been listed under the Second Schedule of
RBI Act. TNSC Bank is a member of the Deposit Insurance and Credit Guarantee
Corporation (DICGC) and is an insured coop. bank as per DICGC Act. TNSC Bank has got
the privilege of having its share capital by the Government of Tamil Nadu. TNSC Bank has
been under close supervision and monitoring of the higher financing agencies, viz., RBI,
NABARD. Periodical inspection and supervision are done by NABARD as per RBI guidelines.
Government of Tamil Nadu is reviewing the performance of the Bank periodically.

Bank: THE TAMILNADU STATE APEX CO-OPERATIVE BANK LTD.

Address: NO: 151/1, BIG ST, TRIPLICANE, CHENNAI,

TAMIL NADU 600005

State: TAMIL NADU

District: CHENNAI

Branch: TRIPLICANE - CHENNAI

IFSC Code: TNSC0000032 (used for RTGS, IMPS and NEFT transactions)

Branch Code: Last six characters of IFSC Code represent Branch code.

23
MICR Code: ( manager name khasali)

24
 Chapter - 04
DATA ANALYSIS

25
2014
The Net Profit of Rs.32,21,51,454.67 (Rupees thirty two crore twenty one lakh fifty one
thousand four hundred and fifty four and paise sixty seven only) earned by the Bank,
during the year 2013-14. The subject of appropriation of net profit as below is placed
before the Board of Management / General Body for approval

2015
The Net Profit of the Bank was Rs.41,38,09,746.33 (Rupees forty one crore thirty eight
lakhs nine thousand seven hundred and forty six and paise thirty three only) for the
year 2014-15. The subject of appropriation of net profit as below is placed before the
General Body for approval

2016
The Net Profit of Rs.43,30,91,093.58 (Rupees Forty three crore thirty lakhs ninety one
thousand ninety three and paise fifty eight only) earned by the Bank, during the year
2015-16. The subject of appropriation of net profit as below is placed before the
General Body for approval

2017
The Bank had earned a Net Profit of Rs.43,69,61,477.87 (Rupees Forty three crore sixty
nine lakhs sixty one thousand four hundred and seventy seven and paise eighty seven
only) during the year 2016-17. The subject of appropriation of net profit, as below, is
placed before the General Body for approval.

Deposits ( 2014-2017 )

2014
Deposits formed a major source of funds ofthe Bank. The deposits of the Bank
increased from Rs.7788.13 crore as on 31.03.2013 to Rs.9507.33 crore as on
31.03.2014 recorded with the growth of 22%. The deposit constitute 66% of the
working funds.

2015
Deposits formed a major source of funds of the Bank. The deposits of the Bank
decreased from Rs.9507.33 crore as on 31.03.2014 to Rs.7767.79 crore as on
31.03.2015. The main
reason attributed for the fall in deposits was the circular issued by Reserve Bank of
India dated 05.06.2014 on maintenance of SLR by the Non-scheduled DCCBs in the
form of Approved Securities. Previously, the Reserve Bank of India permitted the DCCBs
to maintain the SLR in the form of Term deposit with Apex Bank also. This was given a
go-by by RBI vide its circular dated 5.6.2014. However based on representations, the

26
RBI allowed the DCCBs to switch over to the new pattern of investments covering the
period upto 31.03.2017.

2016
Deposits formed a major source of funds of the Bank. The deposits of the Bank
increased from Rs.7767.79 crore as on 31.03.2015 to Rs.8212.37 crore as on
31.03.2016 recorded with the growth of 5.72%. The type-wise break-up of the deposits
as on 31.3.2016 is furnished below:

2017
Deposits formed a major source of funds of the Bank. The deposits of the Bank
increased from Rs.8212.37 crore as on 31.03.2016 to Rs.9090.32 crore as on
31.03.2017 recorded with the growth of 10.69%. The type-wise break-up of the
deposits as on 31.3.2017 is furnished below:

27
 FINANCIAL HIGHLIGHTS OF TNSC BANK:
(Rs. in Crores)

PARTICULARS 31.03.2014 31.03.2015 31.03.2016 31.03.2017

Paid-Up Share Capital 289.59 302.70 307.56 312.03

Statutory Reserves 226.71 235.10 245.83 256.70

Other Reserves 227.96 216.84 181.38 163.55

Deposits 9507.33 7767.79 8212.37 9090.32

Borrowings 2766.18 3309.24 3768.72 4605.05

Investments 2942.14 2831.04 3154.47 3632.19

Advances 8440.29 8082.06 7353.08 5589.97

Working Funds 14512.03 1377.54 14401.18 16514.63

Net Profit 32.23 41.38 43.31 43.70

TNSC BANK - STAFF STRENGTH

S.NO. As on As on As on As on
CATEGORY
31.03.2014 31.03.2015 31.03.2016 31.03.2017
Special Officer / Administrator /
1 1 1 1 1
Managing Director

28
2 General Manager 1 2 -- --

3 Deputy General Managers 5 5 4 4

4 Asst. General Managers 7 7 6 6

5 Chief Managers 50 49 50 44

6 Managers 85 85 84 83

7 Assistant Managers 133 86 48 20

8 P.A. to Executives 4 4 4 4

9 Care Taker -- -- -- --

10 Assistants 84 76 138 139

11 Steno - Typists / Typist 3 3 3 3

12 Electrical Assistants 1 1 1 --

13 Telephone Operator -- -- -- --

14 Sub-Staff 59 63 55 54

15 Watchman -- -- -- --

16 Sweepers 5 5 4 3

17 A/C Plant Operator -- -- -- --

18 Call Boys -- -- -- --

Total 439 382 398 361

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TNSC Bank official web site www.tnscbank.com image

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 Chapter-05
CONCLUSION

&

SUGGESTIONS

CHAPTER — 05

CONCLUSION

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Banks are playing vita role in all aspects. It has improves its own infrastructure and
technology to impress customers.

It is absorb from the study, that number of saving account as well as amount of
saving deposits mobilize from the public has increased. They achieved the peak in
the year 2011. But the number of account the amount of saving bank have started
declining trend, analyze were is aspect and take remedial measure.

During the discussion with the bank official, we are given to understand that
competition from other bank and also lower rate of interest that is 3.5% and
method of calculation are the major reason for the poor performance in saving
bank account. We have made for suggestion to overcome in this problem and
detail of our recommendation for given under the suggestion.

The main benefit of keeping your money in a saving account rather than a current
account is that saving account offer favorable interest rate on your account balance.

"SAVING ACCOUNT SAVE OUR FUTURE". So encourage saving account and make
marked developed in banking sector which have the way for all round development
of the country.

SUGGESTIONS

We place before the bank official the following suggestion in order to improve the
efficiency and effectives of the operation of The Tamilnadu State Apex Co-
operative Bank Ltd..

• To offer attractive schemes to the customers

• To do more publicity to the public account schemes and accounts
• To expand branches all over India to services it customers.
• To create visibility in market through marketing campaign.
• To go for cross selling of products

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• To offer better customer service.
• To expend the customer base and also to retain existing cust
• To celebrate “saving bank week” and undertake dot-to door
campaign at frequent interval to generate support from all section of the society

REFERENCE

WEBSITES

www.tnscbank.com
www.tnscbank.net

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