Canera Bank Ltd Project Report-Prince Dudhatra

8/2/2019 Canera Bank Ltd Project Report-Prince Dudhatra

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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


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


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

Date post:	06-Apr-2018
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