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MIS is
short
for management information system
or management
information services.
Management information system, or MIS, broadly refers to a computer-based
system that provides managers with the tools to organize, evaluate and
efficiently manage departments within an organization. In order to provide
past, present and prediction information, an MIS can include software that
helps in decision making, data resources such as databases, the hardware
resources of a system, decision support systems, people management and
project management applications, and any computerized processes that
enable the department to run efficiently.
BANKING IN INDIA:
The Banking sector in India has always been one of the most preferred
avenues of employment. In the current decade, this has emerged as a
resurgent sector in the Indian economy. As per the McKinsey report India
Banking 2010, the banking sector index has grown at a compounded annual
rate of over 51 per cent since the year 2001, as compared to a 27 per cent
growth in the market index during the same period. It is projected that the
sector has the potential to account for over 7.7 per cent of GDP with over
Rs.7,500 billion in market cap, and to provide over 1.5 million jobs.
Today, banks have diversified their activities and are getting into new
products and services that include opportunities in credit cards, consumer
finance, wealth management, life and general insurance, investment
banking, mutual funds, pension fund regulation, stock broking services,
custodian services, private equity, etc. Further, most of the leading Indian
banks are going global, setting up offices in foreign countries, by themselves
or through their subsidiaries.
Banking in India in the modern sense originated in the last decades of the
18th century . The first banks were Bank of Hindustan (1770-1829) and The
General Bank of India, established 1786 and since defunct.
The largest bank, and the oldest still in existence, is the State Bank of India,
which originated in the Bank of Calcutta in June 1806, which almost
immediately became the Bank of Bengal. 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. 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. For many years the presidency banks acted as quasi-central
banks, as did their successors, until the Reserve Bank of India was
established in 1935.
In 1969 the Indian government nationalised all the major banks that it did
not already own and these have remained under government ownership.
They are run under a structure know as 'profit-making public sector
undertaking' (PSU) and are allowed to compete and operate as commercial
banks. The Indian banking sector is made up of four types of banks, as well
as the PSUs and the state banks , they have been joined since the 1990s by
new private commercial banks and a number of foreign banks.
Banking in India was generally fairly mature in terms of supply, product
range and reach-even though reach in rural India and to the poor still
remains a challenge. The government has developed initiatives to address
this through the State Bank of India expanding its branch network and
through the National Bank for Agriculture and Rural Development with things
like microfinance.
Indian Banking Industry currently employees 1,175,149 employees and has a
total of 109,811 branches in India and 171 branches abroad and manages an
aggregate deposit of 67504.54 billion (US$1.1 trillion or 860 billion)
and bank credit of 52604.59 billion (US$840 billion or 670 billion). The net
profit of the banks operating in India was 1027.51 billion (US$16 billion or
13 billion) against a turnover of 9148.59 billion (US$150 billion or
120 billion) for the fiscal year 2012-13.
Relevance of Data Warehousing and Data Mining for banks in IndiaBanking being an information intensive industry, building a Management
Information System within a bank or an industry is a gigantic task. It is more
so for the public sector banks which have a wide network of bank branches
spread all over the country. It becomes all the more difficult due to
prevalence of varying degrees of computerisation. At present, banks
generate MIS reports largely from periodic paper reports/ statements
submitted by the branches and regional/zonal offices. Except for a few banks
which have been using technology in a big way, MIS reports are available
with a substantial time lag. Reports so generated have also a high margin of
error due to data entry being done at various levels and the likelihood of
varying interpretations at different levels.
Though computerization of bank branches has been going on at a good pace,
MIS requirements have not been fully addressed to. It is on account of the
fact that most of the Total Branch Computerization (TBC) software packages
are transaction processing oriented. They have been designed primarily for
day-to-day operations at the branch level and day-end balancing of books.
There are only a few packages used by a limited number of branches which
can easily be interfaced with the computer systems at Zonal/ Head Offices
and have the capability to generate MIS data. Banks have not implemented
such packages partly because of the high costs and partly because of the
Benefits of MIS: