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CONTENT
Sr. No. Particular Page No.
1 Banking Sector in India 3
2 General Information of Bank 4
3 Objective of Bank 5
4 Policies of Bank 6
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BANKING SECTOR IN INDIA
The CANARA BANK in India started Functioning some years ago. The
CANARA BANK is an important bank of the Indian Financial System. The business of
CANARA BANK in the various areas also have increased phenomenally in recent years
due to the sharp increase in the number of primary CANARA BANKS. This bank is also
understanding by the government of India.
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GENERAL INFORMATION OF BANK
The Name of the Bank is CANARA BANK (A Government of India
Undertaking)
The Year of Establishment 1906
Accounting Year of this bank is 1st April to 31st March.
The Head Office of this Bank is Bangalore.
Working Hour 10.00 am to 5.30 pm.
Address of Bank
Ring Road,
Infront of Adani,
Rajkot 360 005
Main Branches of CANARA BANK in Rajkot Two
Manager of this Bank N. S. Khanani
Cashier of this Bank G. J. Jadeja
Accountant of this Bank
1. K. B. Pangyatara
2. V. N. Shah
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OBJECTIVES OF BANK
Accumulate deposit to the Bank of Rs. 100 crores.
Achieve net profit to the Bank of Rs. 100 Lacks.
Reduce cost of Deposit to 7 %.
Reduce customer companies to 100%.
Bring customers satisfactory to 100%.
Train staff to become more effective.
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POLICIES OF BANK
Bank is committed to achieving the customers satisfaction through.
1. Providing best services as per norms.
2. Enhancing organizations image and reputation for quality.
3. Continuously improving service quality.
This commitment is met through nurturing quality culture in the organization
and the by constant absence to laid down quality management system.
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CONTENT
Sr. No. Particulars Page No.
1 Introduction 34
2 Service at a Bank
1. Deposits
2. Loans
3. Other Services
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INTRODUCTION
With years banks are also adding service to their customers. The Indian banking
industry is passing through a phase of customers market. The customers have more
choices in choosing their banks. A competition has been established within the banks
operating in India.
With staff competition and advancement of technology, the services provided by
banks have become more easy and convenient. The past days are witness to an hour wait
before withdrawing cash from accounts or cheques from north of the country being
cleared in one month in the south.
This section of banking deals with the latest discovery in the banking
instruments along with the polished versions of their old systems.
Banks in India with the way of development have become easy to apply in loan
market. Generally loan against shares, personnel loan, home loan etc. Loans is given by
almost all the banks in the country.
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SERVICES AT THE BANKS
Deposits:
Current Deposits
Fixed Deposits
Saving Deposits
Loans:
A. Term Loans
Housing Loan
Business Loan
Vehicle Loan
Personnel Loan
Professional Loan
Loan Against NSC
Loan Against KVP/LIC
B. Cash Credit
Loan to Small scale Industry
Others
Others Services
In other services, bank provides following services
Locker System
Demand Draft
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DEPOSITS
1. Current Deposit (Account)
While opening this account person or who so even is going to open this type of
account, he has to make the regular transactions with this account. Mostly the
businessman open this type of account because they have to receive and make payment
through cheques many times in a day.
Required Documents to open current Account
A. For partnership Firm
All the partners photos
Copy of Partnership deed
PAN card copy of firm
Registration copy (IF)
Proof of existing of firm
Proof of all partners address
B. For Proprietorship Firms
All partners photo
PAN card copy of firm
Proof of existing firm
Copy of S.T.
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Proof of all partners
A person has to deposit minimum Rs. 3000 in current account. Bank takes Rs.
300 service charge at the end of the year. A person wants to close his current account,
bank charge Rs. 50.
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2. Saving (account) Deposit :
It is an ideal account for those who have sufficient money to save 18 a person
wants to open his saving account with a bank. The person has to fill up a form of the
banks saving account. Rate on saving account is 3.5%.
3. Fixed Deposit:
A person who has spares money for a particular period of time and he wants toget it as double so for him fixed account is a best way to deposit money.
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RATES ON FIXED DEPOSITS:
30 days to 45 days 3.5%
46 days to 90 days 5 %
91 days to 179 days 6 %
180 days to 1 year 7 %
1 year to 2 years 7.5 %
2 year to 5 years 8 %
Above 5 years 7.78%
Rate of senior citizenship above 6 months 0.5 %
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LOANS
A. Term Loans:
It is one of the major sources of debt. Finance for long term project. Term loans
are generally repayable in more than a year but less than 10 years.
1. Housing Loans:
The loan which is taken for the purpose of to purchase or build home. Rate of
interest is 10.5%. for Rs. 5 lacs and above Rs. 5 lacs rate of interest is 11.5%.
2. Business Loan:
A person who is engaged in their business at least from last one year can get this
kind of loan. For the purpose of fulfillment of the short term working capital needs.
Rate of interest on this loan is as under:
Up to Rs. 2 lacs 12 %
Rs. 2 lacs to Rs. 5 lacs 12.5 %
Rs. 5 lacs to Rs. 10 lacs 13 %
Above Rs. 10 lacs 14 %
3. Vehicle Loan:
A person or a businessman who wants to purchase new or old vehicle for the
purpose of the transportation or for personnel use can get this kind of loan.
Rate of interest on this loan is as under.
For transport operator 14%
For personnel use 13 %
4. Professional Loan:
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This kind of a loan is granted to professional persons such as lawyer, C.A. etc.
for the professional purpose.
Up to Rs. 2 Lacks 12 %
Rs. 2 Lacks to 5 Lacks 12.5 %
Rs. 5 Lacks to Rs. 10 Lacks 13 %
Above Rs. 10 Lacks 13.5 %
5. Loan Against NSC/KVP/LIC:
Bank grants loan for the purpose of purchase or to build home. A bank will
charge 10% rate of interest on this loan.
6. Personal Loan:
In this loan, one can get a sanctioned loan amount between Rs. 25000 to Rs. 1
lacks as depending upon the profit of persons applying for the loan.
Rate of interest on loan
Upto Rs. 25000 13 %
Above Rs. 25000 14 %
B. Cash Credit:
1. Loan to Small Scale Industries :
A person who has his own business and wants to start his own business as small
scale sector can get this kind of the loan.
Rate of interest on this loan
Up to Rs. 2 Lacks 11 %
Rs. 2 Lacks to Rs. 5 Lacks 11.75 %
Rs. 5 Lacks to Rs. 15 Lacks 12.75 %
Above Rs. 15 Lacks 13 %
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2. Other cash Credit Loan
Bank also grants cash credit to the local residential or to an ordinary people to
fulfill their needs for money.
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PROGRESS REPORT
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INTRODUCTION
Marketing is analysis organizing, planning & controlling of the firms, customers
with resources, policies, activities with a view to satisfying needs and wants of chosen.
Marketing is very important concept. Now a days marketing is very necessary for
success.
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The main objectives of Marketing Department of Bank
To Satisfy the needs of wants of consumers.
To solve the problems of consumers.
To create and deliver the standard of living to the society.
To generate new schemes for identify the new consumers.
To maximum current profit through best way.
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ADVERTISING
Advertising is any form of paid not personal presentation of ideas, goods or
services for the purpose of inducing to people to buy.
Generally advertising is provided through following way.
From the above medias the Canara Bank Ltd. Use the news paper, magazines,
journals, posters, stickers & Internet for the any type of advertisement.
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CONTENT
Sr. No. Particulars Page No.
1 Introduction 16
2 Financial Planning 17
3 Financial Report 18
4 Information of Share Capital 19
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INTRODUCTION
Finance is like blood for the every company. Finance management is very
important i.e. first to manage financial resource, then to distribute that finance among
the various departments according to their need and lastly has to check whether it is
used in right way or not. This only finance gathering has not become the goal or aim of
finance management but is holds a key position in top management of companies.
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FINANCIAL PLANNING
Generally financial planning is derived into two parts.
1. Short term Planning
2. Loan term Planning
The bank concerns with above types of planning.
Ratio Analysis
It is a powerful tool of financial analysis. A ratio is defined as The indicated
quotient of two mathematical impression and as the relationship between two or more
thing.
Some rations of the year 2006 (Rs. In Lacks) are as under credit Deposits Ratio :
70.80 %
Net Profit Ratio : 8 %
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FINANCIAL REPORT
The liberalization of the financial sector is the key for the overall liberalization
process. Gradually the structure of the financial market. The CANARA BANK has
market the progressive growth and profitability both the financial year 2005-2006 which
is reflected in the following financing since inception.
(Rs. In lacks)
Particulars 31-03-05 31-3-07
Members Rs. 14,400 Rs. 14,550
Share Capital Rs. 316 Rs. 330
Deposit Rs. 8800 Rs. 9640
Advances Rs. 6300 Rs. 6300
Net Profit Rs. 82 Rs. 87
Working Capital Rs. 10,200 Rs. 10,850
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INFORMATION OF SHARE CAPITAL
Last year there were 13,380 members. This year it is reached to 14,550 in
numbers during the year 2006-2007. Total share capital gone up to Rs. 3,300,000 which
is 6.02 % higher than the previous figure. An increase in the number of members is the
sign of success of the bank.
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CONTENTS
Sr. No. Particulars Page No.
1 Information 22
2 General Meeting 23
3 Qualification of Directors 24
4 Authority of managing Director 25
5 Selection 26
6 Promotion 27
7 Transfer 28
8 Personnel Record 29
9 Remuneration 30
10 Organization Chart 31
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INTRODUCTION
The internal department structure of personnel department varies widely from
one company to another. The personnel department has to function as a medians to
establish healthy relationship between the management and the employees organization
is formed by the factor of production namely land, labours, money etc. middle level
management and labourers is the living factor with the sense of feeding.
Personnel Management is the planning, organizing, direction, contributing of
the procurement, development of the people of the purpose of contribution to
organization individual and social goal.
-Edward Flippo
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GENERAL MEETING
After the financial year within three months annual general meeting has been
decided. All the member of bank staff, BOD is invited to attend the meeting. Generally
the entire general meeting of the of annual general meeting and special general meeting
two types in all kinds of or organization.
1. The agenda of the meeting was to note the audited accounts of bank and audit
report on 31st March.
2. The loonies who would not paid their loan, they can get the advantages of one
time settlement scheme to their sanction application. The time period is not fixed
given to loonies but it is decided in the general meeting.
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QUALIFICATION OF DIRECTORS
As we know that the directors are the most important part of or any kind of
organization for the director of nay organization. The person should have some certain
qualification.
1. The member who have at least the balance of Rs. 2000 in the bank at the 31 st
March, so he can be the director of the of the bank according to the law of bank.
2. The person who have a membership of the bank of 24 months before the date of
election.
3. The age of the person should be above 18 years.
4. He should not be the creditor of any kind of organization.
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AUTHORITY OF MANAGING DIRECTOR
1. To appoint the managers and secretary.
2. To decide the salaries and bonus of particular employees.
3. To do punishment if any mistake done by the employees and to see the proper
way of work to them.
4. To here companies and understand the problems and make the way dear of work
by avoidance these kinds of restriction.
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SELECTION
Selection means the procedure of selection in terms of best person and all with
required qualification. This process is negative by nature because it selects only suitable
persons and rejects the other applied.
Selection Process
It is a process by which the qualified personnel can be chosen from the
application selection is process in the hand of management to get qualify and the
disqualify applicant by various methods. This process is as follow.
- Interviews
- Primary Selection
- Final Selection
- Placement
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PROMOTION
Promotion may be defined as upward of an employee in an organization, which
commands better wages better status etc. in short a promotion is the transfer of an
employee to a job, which pays more money or more that carries out some preferred
status.
Promotion may be given on the basis of seniority merits on the basis of seniority
but here promotion is given on the basis of ability performance merits, capability and
qualification.
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TRANSFER
Transfer is a horizontally movement of employees from one selected job,
department to another place where the salary status and responsibility are remaining
same.
In CANARA BANK, the employees are transferred from one department to
another and from one position to another.
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PERSONNEL RECORD
In personnel record compete up to date information in maintained about
employees every unit have record book for employees in which record information
about employ, leave, promotion, punishment etc.
This bank has record books of employees. These record books are as follows.
Attendance register
Salary wages register
Bonus register
Provident fund register
Others
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REMUNERATION
Remunerations main purpose is to maintain equitable remuneration structure. It
is the daily of the firm to pay proper relative and reasonable amount to the worker for
their service.
This bank pays salary (remuneration) their workers on monthly basis.
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ORGANIZATION CHART
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SWOT ANALYSIS
SWOT analysis means overall evaluation of a firms strengths, weakness,
opportunities and threats. SWOT analysis consists of making analysis of the external
environment and internal environment.
S = Strengths
W = Weakness
O = Opportunities
T = Threats
Strength:
This bank is very reputed in local area.
Fully Computerized
No mistake in regular transaction can be found because of small network.
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Weakness:
Lower volume of advances due to higher rate of interest may affect the
expansion of the organization.
Not reputed at National level & less No. of the branches.
Opportunities :
No. of branches can be increased in all over nation next 5 to 8 years.
Bank can introduce new services.
Threats:
All the depositors may withdrawn their money from bank because of any wrong
rumors against bank.
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CONCLUSION
From the banks visit I learn a lot. Now I know that how the theoretically aspects
are applied in the industries.
I had found that all the staff members and workers are working in co-ordinates
manner and in planned way & about their work and diversifying their efforts towards the
desired targets due to unprecedented trust and corporation. The staff of bank has been
able to reach to the new heights of success.
So at the end 1 wish the CANARA BANK and all the best to get desired success
in the future.
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SUGGESTION
Bank is not providing some important facilities which are being providing by
other banks so bank should try to provide or start. This facility and other policies in ear
future bank has not large network and not fully developed so bank should open new
branches.
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FUTURE PLAN
We know that Team must be required for every work success. All the companies
or banks also make various type of plan for their success. The CANARA BANKs
future plan is for getting the customer satisfaction by providing various sources and
increasing its share capital.
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BIBLIOGRAPHY
- Personnel Management Ashwathapa, C. B. Nanoria
- Marketing Management Philip Kotler, S. A. Sherlarker
- Finance Management I. M. Pandey