Professional Documents
Culture Documents
ARIHANT
(11BCE0071)
In partial fulfillment for the award of the degree of
BACHELOR OF TECHNOLOGY
In
VIT
UNIVERSITY
(Estd. u/s 3 of UGC Act 1956)
-1-
Vellore:
VIT
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UNIVERSITY
(Estd. u/s 3 of UGC Act 1956)
SOFTWARE
SOLUTION
STUDY
REPORT
GOVINDA K
Senior Assistant Professor
Date: 14th November 2014
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ACKNOWLEDGEMENT
The extensive endeavor, bliss and euphoria that accompany the successful
completion of the task would not be complete without the expression of gratitude
to the people who made it possible. I take this opportunity to acknowledge all
those who guided, encouraged and helped me in winding up this project.
I am very thankful to Mr. Prabhat Kumar, who gave me guidance throughout my
stint. I would also like to extend my feelings of gratitude towards my faculty
mentor Professor Govinda K, for his constant guidance, support and correcting
where I was wrong. I thank them with full zeal and enthusiasm that they gave this
big opportunity to me.
Place : Vellore
Date
(ARIHANT)
-4-
TABLE OF CONTENTS
CHAPTER NO.
TITLE
PAGE NO.
LIST OF TABLES
LIST OF FIGURES
LIST OF SYMBOLS
1.
ABSTRACT
2.
INTRODUCTION
2.1 ALLAHABAD BANK
2.2 CORE BANKING SOLUTION
B@NCS24 SOFTWARE
3.1
3.2
3.3
3.4
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List of Tables
Table 1:
Table 2:
Table 3:
Table 4:
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List of Figures
Figure 1:
Figure 2:
Figure 3:
Figure 4:
Figure 5:
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List of Abbreviations:
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1. ABSTRACT
Allahabad Bank is a nationalized bank with its headquarters in Kolkata, India.
It is the oldest joint stock bank in India. It is a retail bank. Retail banking is
when a bank executes transactions directly with consumers, rather than
corporations or other banks. Services offered include savings and
Transactional accounts, mortgages, personal loans, debit cards, and credit
cards. The term is generally used to distinguish these banking services
from investment banking, commercial banking or wholesale banking. It may
also be used to refer to a division of a bank dealing with retail customers and
can also be termed as Personal Banking services.
Allahabad Bank uses BaNCS@24 software to deliver banking services to its
customers throughout the country. It is a core banking software (CBS) suite
developed by Tata Consultancy Services for use by retail banks.
It includes functions for universal banking, core banking, payments,
compliance, financial inclusion, Islamic banking and treasury operations.
There are also modules that deal with capital markets and the insurance
business. Allahabad Bank, among many others is using BaNCS@24 software
to meet their retail banking services. The Software was developed in
COBOL.
The BaNCS product suite for banking, capital markets and insurance enables
business transformation in financial services. Increasing operational
efficiency and helping financial institutions stay agile; it delivers a
competitive edge with unmatched certainty. It has performed better than
established benchmarks.
2. INTRODUCTION
2.1 ALLAHABAD BANK:
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Vision
To put the Bank on a higher growth path by building a Strong Customerbase through Talent Management, induction of State-of-the-art
Technology and through Structural Re-organization.
Mission
To ensure anywhere and anytime banking for the customer with latest
state-of-the-art technology and by developing effective customer centric
relationship and to emerge as a world-class service provider through
efficient utilization of Human Resources and product innovation.
CBS stands for Core Banking Solution, in which all the products,
processes, channels, customer relationship management are integrated
and administered at the central database connecting all the branches and
head office through communication links to provide a single view of the
bank.
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Operational efficiency
Improve profitability
3. ONLINE
SOFTWARE)
FUNCTIONALITIES
(BaNCS@24
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Solution Offerings:
3.2 OVERVIEW:
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3.3 BENEFITS:
BaNCS offers:
origination
and
servicing,
payments,
treasury
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Purpose
Type
99
All Financial
98
25
Repayment details of
CC/OD
CC/OD A/Cs
Stop Transaction
30
transaction on an account .
31
Hold transaction
33
Message Details
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transaction on an A/C.
34
Dishonoured Cheque
Details
account
40
62
Closure Interest
Adjustment
transactions.
Fee exemptions
82
account.
90
Dormant account
Narrative
account.
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RISK
GRADE
00
01
02
04
05
06
07
08
DESCRIPTION
Standard Asset
Standard But Temporarily Irregular Asset
Standard But Irregular for Over 60 Days
Sub-Standard Asset
Doubtful Asset Less than 1 Year
Doubtful Asset = > 1 Year but < 3 Years
Doubtful Asset = > 3 Years
Loss Asset
In
New
Arre
Risk
NPA
ar
Grad
Cond
ition
TL/D
Num
ber
accou
of
Number
Days
Description
of Status of
/ that
Percentage of account
erosion
nt
101
00
30 Days
01
102
01
30 Days
02
103
02
30 Days
04
104
00
90.10%
08
105
01
90.10%
08
106
02
90.10%
08
107
04
90.10%
08
108
05
90.10%
08
109
06
90.10%
08
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110
07
90.10%
08
111
04
50.10%
05
112
01
Auto Upgrade
--
00
113
02
Auto Upgrade
--
00
Grade
Description
No. of Days
Status
201
00
30 Days
01
202
01
30 Days
02
203
02
30 Days
04
204
00
30 Days
01
205
01
30 Days
02
206
02
30 Days
04
207
00
90 Days
04
208
01
90 Days
04
209
02
90 Days
04
210
00
180 Days
04
211
01
180 Days
04
212
02
180 Days
04
213
00
90.10%
08
214
01
90.10%
08
215
02
90.10%
08
216
04
90.10%
08
217
05
90.10%
08
218
06
90.10%
08
219
07
90.10%
08
220
04
50.10%
05
221
01
Auto Upgrade
--
00
222
02
Auto Upgrade
--
00
No.
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Clearing House:
Various banks enter an agreement to exchange financial flows between
their customers. Clearing house acts as a participant which takes risk of
defaults and ensures payment in spite of that. Clearing is necessary to
turn promise of payment into actual movement of money. Now, under
new rules, instead of banks, Reserve Bank of India sets up clearing
houses wherever there are banks. These days, banks have separate
service branches to deal with clearing houses.
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5. CONCLUSION
First step is making a customer. Then comes delivering the service part.
There is an online module used by Allahabad Bank, called B@NCS24
developed by TCS, which is used to deliver all the retail banking services to
the customers. Various modules from making a customer, to printing reports,
calculating NPAs, etc are all well corporated in the software. Also, there are
many physical forms used in the bank for various propose that needs to be
filled. This is used as physical evidence in case online functionalities face
some technical problems.
Most of the work done in the bank is not simple borrowing or lending as most
of us understand, but that of monitoring the transactions. Clearing houses are
set up by the central bank with pre-determined mutual consent between the
banks to turn promise of payment into actual movement of money. The whole
days transactions are compiled and then next day (all forms of
DD/cheque/Cash payments) they are cross checked and then crossed off so
that if there is some error in debting or crediting, it can be sorted out without
any delay.
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6. REFERENCES
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