Beruflich Dokumente
Kultur Dokumente
WITH REFERENCE
TO
CANARA BANK MAHILA BRANCH,JAYNAGAR 3RD BLOCK
BANGLORE
SUBMITTED IN PARTIAL FULFILLMENT FOR
THE REQUIREMENT OF
2012-2013
SUBMITTED BY
DEEPTHI.S
Lastly I thank all the staffs and employees for providing such
valuable information which became basis for this project.
(Signature)
SL.NO: CHAPTERS PAGE NO:
INTRODUCTION:
• Micro finance
• Meanings
• Definitions
CHAPTER1 • Advantages
• Disadvantages
• Classifications
• Contents
• banking
RESEARCH METHODOLOGY:
• Research Design
• Data collection
• Primary Data
• Secondary Data
CHAPTER2 • Tools used for Data Collection
• Scope of the study
• Objectives of the study
• Limitations of the study
COMPANY PROFILE:
CHARTER3 • Introduction and History
• Board of Directors
• Achievements & Awards
• Product Development
• Mission and vision
• Customer Relationship Management
• Types of Insurance services
• Risk Management
TERMINALS:
• Annexure
CHAPTER6
• Bibliography
• Appendix
INTRODUCTION
BRIEF HISTORY OF BANK
A bank is a institution, which deals in money. It accepts deposits from
the public and creates credit with a view to lend or invest.
It was in the 12th century that some banks were established in Venice
and Genoa. These banks were simply receiving deposit and lending
money to the people. In fact they were not banks of the modern type.
The origin of modern banking may be traced to money dealers in
Florence who received money in the form of deposits and lend it to
business people. At this time, Florence was the center of money market
in Europe.
1. Banker
2. Customer
One of the most famous Italian bank was the medici bank,
setup by Giovanni di biccide ‘medici’ in 1397. the development of
banking spread from northern Italy through Europe and a number of
important innovatins took place in amsterdam during the dutch
republic in 16th century, and in London in the 17th century. In germany,
banking dynasties such as welser, fugger and berenberg have played a
central role over centuries. During the 20th century, developments in
telecommunications and computing caused major changes to banks
operations and let banks dramatically increase in size and geographic
spread. The late-2000’s financial crisis caused many bank failures,
including of some of the worlds largest banks, and much debate about
bank regulation.
This was one of the three presidency banks, the other two
being the Bank of Bombay and the Bank of Madras, all three of which
were established under charters from the British East India Company.
For many years the Presidency banks acted as quasi-central banks, as
did their successors. The three banks merged in 1921 to form the
Imperial Bank of India, which, upon India's independence, became the
State Bank of India in 1955.
The first entirely Indian joint stock bank was the Oudh
Commercial Bank, established in 1881 in Faizabad. It failed in 1958. The
next was the Punjab National Bank, established in Lahore in 1895,
which has survived to the present and is now one of the largest banks
in India.
Around the turn of the 20th Century, the Indian economy was
passing through a relative period of stability. Around five decades had
elapsed since the Indian Mutiny, and the social, industrial and other
infrastructure had improved. Indians had established small banks, most
of which served particular ethnic and religious communities.
During the First World War (1914–1918) through the end of the
Second World War (1939–1945), and two years thereafter until the
independence of India were challenging for Indian banking. The years
of the First World War were turbulent, and it took its toll with banks
simply collapsing despite the Indian economy gaining indirect boost due
to war-related economic activities.
POST-INDEPENDENCE:
The partition of India in 1947 adversely impacted the
economies of Punjab and West Bengal, paralyzing banking activities for
months. India's independence marked the end of a regime of the
Laissez-faire for the Indian banking.
1. Mobile banking.
2. Tele banking.
3. E-banking.
4. Automated teller machine.
5. Electronic fund transfer.
6. Core banking.
7. Anywhere banking.
MEANING AND DEFINITION
Bank is one of the service sector. Its main aim is to render service
not a profit. Bank is an institution that deals with the money.
According to the Indian banking regulation act of1949 defines the term
banking company as “any company which transacts the business of
banking in India”.
According to the Indian banking regulation act of 1949 defines the term
Banking as “Accepting, for the purpose of lending or investment, of
deposits of money from the public, repayable on demand or otherwise,
and withdrawal by cheques, draft, order or otherwise”.
As per this act, the term banking includes not only the above
mentioned important activities, but also several other activities, such as
the collection of cheques, drafts and bills, remittance of funds,
acceptance of safe custody deposits, which are generally referred to as
subsidiary services.
1. commercial banks.
2. Industrial banks.
3. Agricultural bank.
4. Exchange banks.
5. Savings bank.
6. Central bank.
1.commercial banks:
it is a bank that accepts deposits from the public and provide credit
facilities to commerce and industry.since most of the deposits are
repayable on demand or after a fixed period, they do not grant
long- term loans.they confine themselves to short and medium-
term laons. In addition to these primary functions of accepting
deposits and lending funds, modern banks perform a number of
agency and general utility functions. The real significance of the
commercial banks lies in the fact that they are not merely dealers
in money as they lend many times larger than the deposits.a large
part of the money in circulation is in the form of bank money. This
helps the economic activities of a country.
2.Industrial banks:
it is also called as investment banks. Industrial banks are banks
which provide long-term finance to industries. They are also called
investment banks, as they invest their funds in subscribing to shares
and debentures of industrial concerns.industrial banks are not
found in all the countries of the world. In India there are no
industrial banks. Instead, special industrial finance corporations
have been set up for providing long term finance to industries.
3.Agricultural banks:
Agricultural banks are the banks which provide finance to
agriculture. These banks are organized on co-operative basis.they
extend loans to the members at a relatively reasonable rate of
interest. Agricultural banks in India are of two types a) agricultural
co-operative societies and b) land mortgage or land development
banks. Agricultural co-operative societies provide short term loans
to the agriculturists for the purchase of fertilizers, pesticides,seeds,
payment of wages etc. land development banks provide long term
finance to the farmers for the purchase of agricultural equipments,
tractors, construction of wells, making permanent improvement of
lands,etc.
4.Exchange banks:
Exchange banks specialize in financing the foreign trade.they supply
the necessary foreign exchange for the importers and exporters. In
many countries, commercial banks themselves undertake foreign
exchange business.
5.savings bank:
Savings banks are specialized institutions which induce people to
save something out of their income. They pool the small savings of
poor and middle income sections of the societies. In India, the
savings banks business is performed by the commercial banks and
post offices.
7. Central banks:
Central bank is a special institution which regulates the entire
banking structure and monetary stability. It regulates the note
issue. It functions in close co-operation with the government. It
maintains internal and external values of currency. In short central
bank is a apex bank of the country.
The main functions performed by the central banks are:
1.issue of currency notes.
2. central banks act as the banker to the government. it accepts
money to the account of state and central government, and makes
payments on behalf,carries out their exchange, remittance and
other banking operations and manages debts.
3.central bank has been entrusted with the responsibility of
maintaining the external value of rupee and for this purpose bank
holds gold and forex reserve.
4.controller of credit.
5. central bank act as a banker’s bank. Every commercial bank is
required to keep with the central bank as cash balance a certain
percentage of their time and demand liabilities.it acts as a leader of
last resort to them.the banks can borrow money from the central
bank during financial crisis by re-discounting eligible bills and
against approved securities.
MANDATORY FUNCTIONS OF BANKS
The two mandatory functions performed by the banks are:
1 primary function
2 secondary function
PRIMARY FUNCTION
1 receiving of deposits
2 lending of funds
3creation of credit
4 remittance of funds
1 receiving of deposits:
The main type of deposits are
a)current deposits
b)savings bank deposits
c)fixed deposits
d)recurring deposits
2 lending of funds
Lending of funds constitutes the main business of commercial
banks. Banks lend funds to the public by the way of :
a)loans: a loan is a financial arrangement under which an advance is
granted by a bank to a borrower on a separate account called the
loan account. When a loan is granted to the borrower at once in a
lumpsum either in cash or by the transfer to the credit of his
current account.
b)overdrafts: an over draft is a financial arrangement under which a
current account holder is permitted by the bank to overdraw his
account, to draw more than the amount standing to his credit up to
a agreed limit.
c)cash credits: a cash credit is a financial arrangement under which
a borrower is allowed to advance under a separate account called
as cash credit account up to a specified limit called the cash credit
limit. In the case of a cash credit, the borrower need not withdraw
the whole amount at once in one lumpsum. He can withdraw the
amount in installments as and when he needs money.
d)discounting of bills of exchange: discounting of bill is an
arrangement under which a bank takes a bill of exchange maturing
with in a short period of 60days or 90days from an approved
customer and pays him or credit his current account immediately
the present value of the bill.then, on the due date the bill the bank
receives the face value of the bill from the acceptor of the bill. In
case the bill is dishonored by the acceptor the bank recovers the
amount from the customer who has discounted the bill.
3 creation of credit:
4 remittance of funds:
d)acting as attorney
They are :
f)credit cards: these cards are basically issued to current and savings
account holders, free of charge. The holders of credit cards are able to
purchase gooda and services upto a certain amount without making
immediate payment.
1. In General sense,
2. According to Experts,
3. According to Entrepreneurs,
4. According to Academicians,
"Finance is the procurement (to get, obtain) of funds and effective
(properly planned) utilisation of funds. It also deals with profits that
adequately compensate for the cost and risks borne by the business."