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INTRODUCTION OF BANKING

Definition Of Bank:

Banking Means "Accepting Deposits for the purpose of lending or Investment of deposits
of money from the public, repayable on demand or otherwise and withdraw by cheque,
draft or otherwise."
-Banking Companies (Regulation) Act,1949

ORIGIN OF THE WORD BANK:-

The origin of the word bank is shrouded in mystery. According to one view point the
Italian business house carrying on crude from of banking were called banchi bancheri"
According to another viewpoint banking is derived from German word "Branck" which
mean heap or mound. In England, the issue of paper money by the government was
referred to as a raising a bank.

ORIGIN OF BANKING :
Its origin in the simplest form can be traced to the origin of authentic history. After
recognizing the benefit of money as a medium of exchange, the importance of banking
was developed as it provides the safer place to store the money. This safe place ultimately
evolved in to financial institutions that accepts deposits and make loans i.e., modern
commercial banks.

Banking system in India

Without a sound and effective banking system in India it cannot have a healthy
economy.The banking system of India should not only be hassle free but it should be able
to meet new challenges posed by the technology and any other external and internal
factors.
For the past three decades India's banking system has several outstanding achievements
to its credit. The most striking is its extensive reach. It is no longer confined to only
metropolitans or cosmopolitans in India. In fact, Indian banking system has reached even
to the remote corners of the country. This is one of the main reasons of India's growth
process.

HISTORY OF BANKING IN INDIA


Banking in India has its origin as early or Vedic period. It is believed that the transitions
from many lending to banking must have occurred even before Manu, the great Hindu
furriest, who has devoted a section of his work to deposit and advances and laid down
rules relating to the rate of interest. During the mogul period, the indigenous banker
played a very important role in lending money and financing foreign trade and
commerce.With the passing of the State Bank of India Act in 1955 the undertaking of the
Imperial Bank of India was taken over by the newly constituted SBI. The Reserve Bank
of India (RBI) which is the Central bank was established in April, 1935 by passing
Reserve bank of India act 1935. The Central office of RBI is in Mumbai and it controls
all the other banks in the country. In the wake of Swadeshi Movement, number of banks
with the Indian management were established in the country namely, Punjab National
Bank Ltd., Bank of India Ltd., Bank of Baroda Ltd., Canara Bank. Ltd. on 19 th July 1969,
14 major banks of the country were nationalized and on 15th April 1980, 6 more
commercial private sector banks were taken over by the government.

BANKS IN INDIA

In India the banks are being segregated in different groups. Each group has their own
benefits and limitations in operating in India. Each has their own dedicated target market.
Few of them only work in rural sector while others in both rural as well as urban. Many
even are only catering in cities. Some are of Indian origin and some are foreign players.

All these details and many more is discussed over here. The banks and its relation with
the customers, their mode of operation, the names of banks under different groups and
other such useful informations are talked about.

One more section has been taken note of is the upcoming foreign banks in India. The RBI
has shown certain interest to involve more of foreign banks than the existing one recently.
This step has paved a way for few more foreign banks to start business in India.

BANKING STRUCTURE IN INDIA


SCHEDULED BANKS IN INDIA
(1) Scheduled Commercial Banks

Public Sector Banks

(26)

Private Sector

Foreign Banks In

Regional Rural

Banks

India

Banks

(25)

Nationalized

Old

Bank

(29)

(95)

Private

Banks

Other

Public

Sector

Banks

New

Private

Banks

(IDBI)
SBI

And

Its

Associates

(2) Scheduled Cooperative Banks

Scheduled Urban Cooperative Banks

Scheduled State Cooperative Banks

Public Sector Banks

Public sector banks are those banks which are owned by the Government. The Govt. runs
these Banks. In India 14 banks were nationalized in 1969 & in 1980 another 6 banks were
also nationalized. Therefore in 1980 the number of nationalized bank 20. At present there
are total 26 Public Sector Banks in India (As on 26-09-2009). Of these 19 are
nationalised banks, 6(STATE BANK OF INDORE ALSO MERGED RECENTLY)
belong to SBI & associates group and 1 bank (IDBI Bank) is classified as other public
sector bank. Welfare is their primary objective.

Nationalised banks

Allahabad Bank
Andhra Bank
Bank Of Baroda
Bank Of India
Bank Of Maharastra
Canara Bank
Central Bank Of India
Corporation Bank
Dena Bank
Indian Bank
Indian Overseas Bank
Oriental
Bank
Of
Commerce
Punjab & Sind Bank
Punjab National Bank
Syndicate Bank
UCO Bank
Union Bank Of India
United Bank Of India
Vijaya Bank

Other Public SBI & its Associates


Sector Banks

IDBI
(Industrial
Development
Bank
Of
India)Ltd.

State Bank of India

State Bank of Hyderabad

State Bank of Mysore

State Bank of Patiala

State Bank of Travancore

State Bank of Bikaner And


Jaipur

(State Bank of Saurastra merged with


SBI in the year 2008 and State Bank
of Indore In 2010)

Private Sector Banks

These banks are owned and run by the private sector. Various banks in the country such
as ICICI Bank, HDFC Bank etc. An individual has control over these banks in
preparation to the share of the banks held by him.

Private banking in India was practiced since the beginning of banking system in India.
The first private bank in India to be set up in Private Sector Banks in India was IndusInd
Bank. It is one of the fastest growing Bank Private Sector Banks in India. IDBI ranks the
tenth largest development bank in the world as Private Banks in India and has promoted
world class institutions in India.

The first Private Bank in India to receive an in principle approval from the Reserve Bank
of India was Housing Development Finance Corporation Limited, to set up a bank in the
private sector banks in India as part of the RBI's liberalization of the Indian Banking
Industry. It was incorporated in August 1994 as HDFC Bank Limited with registered
office in Mumbai and commenced operations as Scheduled Commercial Bank in January
1995. ING Vysya, yet another Private Bank of India was incorporated in the year 1930.

Private sector banks have been subdivided into following 2 categories:-

Old Private Sector Banks

Bank of Rajasthan Ltd.

Catholic Syrian Bank Ltd.

City Union Bank Ltd.

New Private Sector Banks

Bank of Punjab Ltd. (since merged


with Centurian Bank)

Centurian Bank of Punjab (since


merged with HDFC Bank)

Dhanalakshmi Bank Ltd.

Federal Bank Ltd.

ING Vysya Bank Ltd.

Jammu and Kashmir Bank Ltd.

Karnataka Bank Ltd.

Karur Vysya Bank Ltd.

Lakshmi Vilas Bank Ltd.

Nainital Bank Ltd.

Ratnakar Bank Ltd.

SBI Commercial and International


Bank Ltd.

South Indian Bank Ltd.

Development Credit Bank Ltd.

HDFC Bank Ltd.

ICICI Bank Ltd.

IndusInd Bank Ltd.

Kotak Mahindra Bank Ltd.

Axis Bank (earlier UTI Bank)

Yes Bank Ltd.

Tamilnad Mercantile Bank Ltd.

United Western Bank Ltd.

Foreign Banks In India:-

ABN AMRO Bank N.V.

HSBC

(Hongkong

Shanghai
Abu

Dhabi

Commercial

Banking

Corporation)

Bank Ltd
JPMorgan Chase Bank
American Express Bank
Krung Thai Bank
Antwerp Diamond Bank
Mashreq Bank
Arab Bangladesh Bank
Mizuho Corporate Bank
Bank

International
Oman International Bank

Indonesia
Bank of America

Shinhan Bank

Bank of Bahrain & Kuwait

Socit Gnrale

Bank of Ceylon

Sonali Bank

Bank of Nova Scotia

Standard Chartered Bank

Bank of Tokyo Mitsubishi

State Bank of Mauritius

UFJ
Barclays Bank
BNP Paribas

&

Calyon Bank
ChinaTrust

Commercial

Bank
Citibank
DBS Bank
Deutsche Bank

Cooperative banks in India:The Cooperative bank is an important constituent of the Indian Financial System, judging
by the role assigned to co operative, the expectations the co operative is supposed to
fulfil, their number, and the number of offices the cooperative bank operate. Though the
co operative movement originated in the West, but the importance of such banks have
assumed in India is rarely paralleled anywhere else in the world. The cooperative banks
in India plays an important role even today in rural financing. The businessess of
cooperative bank in the urban areas also has increased phenomenally in recent years due
to

the

sharp

increase

in

the

number

of

primary

co-operative

banks.

Co operative Banks in India are registered under the Co-operative Societies Act. The
cooperative bank is also regulated by the RBI. They are governed by the Banking
Regulations Act 1949 and Banking Laws (Co-operative Societies) Act, 1965.
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Rural banks in India:Rural banking in India started since the establishment of banking sector in India. Rural
Banks in those days mainly focussed upon the agro sector. Regional rural banks in India
penetrated every corner of the country and extended a helping hand in the growth process
of the country.
SBI has 30 Regional Rural Banks in India known as RRBs. The rural banks of SBI is
spread in 13 states extending from Kashmir to Karnataka and Himachal Pradesh to North
East. The total number of SBIs Regional Rural Banks in India branches is 2349 (16%).
Till date in rural banking in India, there are 14,475 rural banks in the country of which
2126 (91%) are located in remote rural areas.
Apart from SBI, there are other few banks which functions for the development of the
rural areas in India. Few of them are as follows.

Haryana State Cooperative Apex Bank Limited


The Haryana State Cooperative Apex Bank Ltd. commonly called as HARCOBANK
plays a vital role in rural banking in the economy of Haryana State and has been
providing aids and financing farmers, rural artisans, agricultural labourers, entrepreneurs,
etc. in the state and giving service to its depositors.

NABARD
National Bank for Agriculture and Rural Development (NABARD) is a development
bank in the sector of Regional Rural Banks in India. It provides and regulates credit and
gives service for the promotion and development of rural sectors mainly agriculture,
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small scale industries, cottage and village industries, handicrafts. It also finance rural
crafts and other allied rural economic activities to promote integrated rural development.
It helps in securing rural prosperity and its connected matters.

Sindhanur Urban Souharda Co-operative Bank

Sindhanur Urban Souharda Co-operative Bank, popularly known as SUCO BANK is the
first of its kind in rural banks of India. The impressive story of its inception is interesting
and inspiring for all the youth of this country.

INDIAN BANKING INDUSTRY


The Indian banking market is growing at an astonishing rate, with Assets expected to
reach US$1 trillion by 2010. An expanding economy, middleclass, and technological
innovations are all contributing to this growth.
The countrys middle class accounts for over 320 million People. In correlation with the
growth of the economy, rising income levels, increased standard of living, and
affordability of banking products are promising factors for continued expansion.

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The Indian banking Industry is in the middle of an IT revolution, Focusing on the


expansion of retail and rural banking. Players are becoming increasingly customer
-centric in their approach, which has resulted in innovative methods of offering new
banking products and services. Banks are now realizing the importance of being a big
playerand are beginning to focus their attention on mergers and acquisitions to take
advantage of economies of scale and/or comply with Basel II regulation.Indian banking
industry assets are expected to reach US$1 trillion by 2010 and are poised to receive a
greater infusion of foreign capital, says Prathima Rajan, analyst in Celent's banking
group and author of the report. The banking industry should focus on having a small
number of large players that can compete globally rather than having a large number of
fragmented players.

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Company Profile
About Us
Our Profile
Name :

HCBL CO-OP BANK LIMITED


1st

Registered Address :

Floor,

Kapoorthala

Sahara

India

Centre,

2,

Complex, Aliganj, Lucknow-

226024
Telefax No. :
Call Center No. :
Help Desk No. :
Registered under

0522- 2327560
0522-4008888, 1800-1800-900
9839007777
U.P.Co-Operative

societies Act :
Licence for commencement of banking
from Reserve Bank of India :

Reg. No 3528
Licence No UBD U.P.0011P Dated
30.08.2001

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VISION

To create a model Co-operative bank in a country at par with an International


level and equipped with all latest information technology, best customer services
and best products.

MISSION

To obtain the status of Multistate Co-Operative Bank.

To Provide unprecedented service to customers through various innovation in


customers services so that they truly endorse our punch line-Yeh Bank Zara
Kuchh Khaas hai.

To Contribute in growth of customer wealth and overall development of countrys


economy.

To Deliver best returns to our shareholders.

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BOARD CONSTITUTION
Shri. Anil Vikram Singh (Chairman)
Shri.Nand Lal (Director)
Shri. Sadhu Saran (Director)
Shri. Sandeep Das Gupta (Director)
Shri. S.K.Jain (Director)
Shri. Y.N.Saxena (Director)
Shri. Ram Sudhar (Co-Opted Director)
Smt Pratibha Thukral (Co-opted Director)
Smt Leela Singh (Co-opted Director)
Smt Mithlesh Khare (Co-opted Director)
Shri Pushkal Singh (Co-opted director)
Shri D.P.S Rathore (Professional Co-opted Director)
Shri K.C Mishra (Professional Co-opted Director)

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OUR GROWTH
What started as a small Co-operative Bank way back in August, 2002 in a small one room
office, has today evolved into a respectable Co-operative Bank with a state-of the- art
Head Office and a spread of seven branches and two extension counters in and around
Lucknow city. Today HCBL Co-operative Bank has made its presence felt in the Banking
sector of the region and some of its outstanding features include- a broad base of satisfied
customers, state of the art technology, exemplary customer service, unique concept of ELobby, ATM sharing, internet banking, Banking mall etc. to name a few.

OUR BRANCHES
All our branches are state of art and are equipped with all latest infrastructure and modern
facilities. Presently we have nine setups 7(Seven) Branches and 2(Two) Extension
counters within Uttar Pradesh.

HCBL CO-OPERATIVE BANK LTD- A NEW BRAND


As the Bank completes nine years of its challenging journey and secures a niche in the
hearts of thousands of customers, it is gradually establishing itself as a strong brand and
has officially adopted its more popular name i.e-HCBL Co-operative Bank Ltd. in place
of its old name Hindustan Co-operative Bank Limited. The new name of the Bank has
been adopted pursuant to the amendments in its Bye-laws and subsequent approval by the
Reserve Bank of India and the Registrar of Co-operative Societies.
The following glimpses of our Bank truly reflect the benchmarks set by our Bank in the
Banking industry of the region.

Good Infrastructure:
The first and foremost impression when we go any where is of the ambience and
atmosphere. All our branches are of international feel and equipped with good interiors &
fully air conditioned.
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Guest Relationship: Generally one can witness the Guest Relationship Concept
in an aviation and hospitality industry. But we have introduced this Guest
Relationship Concept in banking. In our bank we have Guest Relationship
Officers who look after prompt services and provide best quality hospitality to all
our esteemed customer.

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E-lobby:
All our existing and upcoming Branches are equipped with the concept of E-Lobby
which is based in the premise of 24X7 Banking. The Electronic Lobby or E-Lobby is
an attempt of our Bank to provide all the essential electronic banking facilities under one
roof. Some of the essential characteristics of our E-Lobby includes Automated Teller
Machines (ATMs), Coin Dispenser Machine, Cheque Deposit Machine with a scanner to
generate automatic receipts, Pass Book Printing machines, Loan Kiosk, Information
Kiosk and Net Banking Kiosk. These facilities enable customers to avail of the banking
facilities beyond normal business hours, completely in tune with the concept of 24X7
Banking.

A glimpse of our E-Lobby Concept at one of our Branches:

Banking Mall:Our Bank has not only restricted its services to core banking but has
widened its canopy of services and is providing complete banking solution to its
customers in the form of Insurance services, Mutual Fund selling, Pan Allotment, NSC
/KVP , Portfolio Management and Tax Consultancy, all under one roof-in the form of
Banking Mall. Our Bank has entered into tie-ups with SBI-Life Insurance & Bharti Axa
General Insurance and provides a wide range of their products. Thus we aim at providing
all the financial solutions to our customers all under one roof.
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All branches CBS Solution :All our branches are running at Core Banking
Solution thus are enabled to provide Any Where Banking Services to all our
esteemed customers.

Fully Computersied Branches:All our branches are fully computerized

RTGS/NEFT Facility: Through our tie-up we give the RTGS and NEFT facility to
our customers by ensuring their fund effect on the same day.

Call Centre: The bank is also having its own Call center and Help Line
No.9839007777operating 24X7.

SMS Banking: Customers can avail facilities like enquiring about their account
balance, last three transactions and requests for cheque book facilities through
SMS.

Internet Banking: Customers can now avail of internet banking facility, as part of
which they can avail of the following features:
-on-line transactions
-check their statements on-line and
-transfer money from one account to the other at the click of a mouse.
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ATM Sharing: We have a tie-up with Bancs network and thus our bank customer
can withdraw their money from ATM'S of some major banks like Axis Bank and
IDBI Bank.

ADVANCE DATA CENTRE


Our Data Centre is equipped with the latest Blade Server Technology provided by IBM,
which provides us the power to manage our banking services, it has in-built capability of
clustering of disk and single point of control for management of various servers running
in the single chassis. There are various services controlled by our Data Centre like
Banking application software, ATM applications, SMS Services, Internet Banking
application etc. There are various in-house services that are also running and managed by
our data centre to facilitate the employees of our bank like E-Mail services which are
managed by e-mail server and personalized data storage facility which is managed by file
server.
We are also managing web server for running our website with our in data centre through
Domain Name Server (DNS). For better security of our banks network we are also
managing our own Anti-virus Server in the Data Center.
Our Data Center is equipped with latest networking equipments which is powered by
CISCO. There are various Switches, Routers and Firewalls which are fully configured
and provide us robust network, so that we are able to provide better network access to our
end users.

Our state-of- the art Data Centre

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FINANCIAL INCLUSION:An initiative by our Bank:


To fulfill the dreams of our Father of the Nation- Mahatma Gandhi which says India
lives in her villages and to strengthen the RBIs initiative of Financial Inclusion, our
Bank has adopted the Khatwara Village and has newly adopted Chhota Bharwara Village
as another step to promote Financial Inclusion in its area of operation. Our Bank does not
believe in just becoming a money lender and accepting deposit. We believe in overall
development of the weaker section of the society specially women, to make them:

Self Motivated

Self Sufficient

Self Employed

Thus, we have taken the overall responsibility of development of living standard,


increasing source of income of the family and creating awareness amongst the
villagers/weaker section of the society specially women. Keeping the above in mind, our
bank has even opened accounts of Bhikshus (beggars) and has taken initiatives to
change their lives, making them self sufficient. Several free medical consultation camps
by experienced doctors along with free medicine distribution and distribution of tricycles
to the physically handicapped villagers have also been organized by our Bank. Our
efforts in this direction have been duly recognized and the Financial Inclusion Model of
our Bank has also being appreciated by the Honble Governor of Reserve Bank of India.

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Banks Financial Inclusion Model being :Our Bank has also organized various vocational courses and associated Self Help Groups
and are arranging various training programmes on self employment avenues viz. Pickle
making, stitching, chikankari, papad making, cane work, mithai dabba making, thaila
making etc. If the villagers are skilled then we also finance them loans and the credit risk
involved is low. Further, we are also arranging selling points for those people so that they
get the market for their products and generate revenues. The awareness program for the
weaker section of the society, specially women are also conducted by our bank from time
to time to teach them the value of money,importance of education, hygiene, family
planning, child labour etc. and living standards in near future.

Screen Printing vocational classes for the


Chikankari classes for women

villagers

Pickle

Making

womenfolk

Dabba making classes for the villagers

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classes

for

the

Keeping in mind the financial status of the inhabitants of the village, Bank also offers the
facility of opening Savings Account with zero balance. To ensure a bright and safe future
for the children living in villages, the Bank offers unique Children Saving Plan Scheme.
By depositing a nominal amount in this scheme, on a regular basis, the parents can secure
a safe, sound and healthy future for their children in the long run. It is also offering small
loans ranging between Rs.500/- to Rs.10,000/- for making villagers self sufficient and
self employed. Our bank has also launched the HCBL-Asha Pigmy Deposit
Scheme which is a deposit scheme collecting money of small denominations of Rs.20/- to
Rs.5000/- per day through agents, using modern technology of hand held devices.

Villagers depositing money under the Pigmy deposit Scheme of the Bank.

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MOBILE ATM:
The Mobile ATM Van is an E-Lobby on wheel providing banking facility at your
doorstep. It is equipped with machines like ATM, Coin Dispensor, Internet Kiosk etc. to
fulfil your banking requirements and provide banking in villages a well as in remote and
unbanked areas.

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HCBL-ASHRAY
We provide housing loan for residential purpose covering construction, addition,
purchase, takeover and renovation of house property, building etc. Finance for purchase
of land is only permissible in case the purchase is for residential use and is constructed
within one year.

"HUMARA SAPNA- AAPKO MILE APNE SAPNO KA ASHRAY"

HCBL-CASH
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HCBL-Cash aims at meeting the short term and medium term credit needs of salaried
persons as well as self employed, businessmen and professionals for the following
purposes:

1. Pleasure trips(India or abroad)


2. Medical treatment
3. Wedding/Birthday/any other social/cultural functions.
4. Retirement of High cost debts.
5. Credit card payment
6. Any other unforseen expenditure.

HCBL-CONSUMER
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The scheme provides for financing of various consumer durables and utility articles like
Two Wheeler, T.V, Refrigerator, Air Conditioner, CD/DVD, Mobile Phone, Washing
Machine, Personal Computers, Furnitures etc.
"HUMARA SAPNA-ZINDAGI KI CHOTI-CHOTI KHUSHIYAN HO AAPKE
SAATH."

HCBL-VIDHYA
We provide Education Loan for financing professional courses like- Engineering,
Medical, Computers (hardware, software), Agriculture, Veterinary, Craft and designing,
Management, Cost Accountant, Chartered Accountant, Company Secretary, Aeronautics,
Marine Engineering etc.
"HUMARA SAPNA-VIDHYA HO HAR VIDHYARTI KA ADHIKAR."

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HCBL SERVICES:
ATM FACILITY
The Bank also provides you ATM card. The card is operative any where in our Banks'
ATM and you can also avail the ATM facility from ATM's of Axis Bank, IDBI Bank,
Bank of India, Bank of Behrain & Kuwait, Saraswat co-op. Bank Ltd., Cosmos Co-op.
Bank Ltd, Greater Co-op. Bank Ltd., Abhyudaya Co-op. Bank Ltd, Union Bank Ltd, Air
Employees Co-op. Bank Ltd, Thana Janta Sahkari Co-op. Bank Ltd, Erankulam Dist. Coop. Bank Ltd, Dombivili Nagri Sahkari Bank Ltd, Punjab & Maharastra Co-op. Bank
Ltd , Shyamrao Vittahal Co-op. Bank Ltd.

MOBILE BANKING
We give you information about your account balance, last three transactions and cheque
book request through SMS.
For Balance confirmation type hcbbal
For last three-transaction type hcbtxn
For cheque book request type hcbchq

Locker Facility
Our Bank offers away your tension of your important things by using the Locker facility.
We are providing you three types of locker facilities according to your need.

LOCKERS:Locker Rent
(A) Big Cities (Metro & Capital)
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Small : ` 750/- per annum.


Medium ` 1200/- per annum.
Big ` 2500/- per annum.

(B)Small Town (All other Cities except)


Small: ` 400/- per annum.
Medium ` 700/- per annum.
Big ` 1200/- per annum.

(C) Locker Visit Charges


` 50/- per visit (if More than four visit in a month)
(D) Penalty for Delayed Payment of
Small ` 100/- up to one year... ` 200/- above one year
Medium ` 150/- up to one year... ` 300/- above one year
Big ` 150/- up to one year... ` 300/- above one year

Other Services

NEFT/ RTGS FACILITY

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An RTGS transaction will be credited to your beneficary's account on the same


day, provided your transaction is posted the bank specified business hours.Please
note that the minimum amount for an RTGS transaction is ` 2,00,000/-.

NEFT transaction will be processed maximum within the next working day
depending on the settlement time.There is no minimum transaction amount for
NEFT transactions.

LOAN FACILITY :
Loan against term deposit is also available up to 90% of amount of deposit and upto 75%
amount in case of third party.

PREMATURE WITHDRAWL:
In case of prematurity you can withdraw money before maturity. Payment of interest will
be at 1% less than the card rate applicable at the time of deposit of money. In case of
prematurity the senior citizen benefit & defence personnel benefit will not be applicable.

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Double Magic Dhamaka


1.NOMINATION FACILITY :
The Bank gives you nomination facility where you can nominate any person as your
nominee by filling nomination details in your account opening form.Nomination form
should be filled specification nomination..
2.MINIMUM DEPOSIT :
Rs. 5000/3.MAXIMUM DEPOSIT :
Rs. 50/- Lacs.
4.PREMATURE CLAUSE :
Prematurity will be 1% below the card rates applicable at the time of making such for the
period deposit remains with the bank.
5.PAN/GIR :
Required for deposit in case the amount exceeds Rs. 50000/- or submit Form 60/61.
6.Nominations form should be filled specifying nomination.

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10: Children

School Fees Deposit


Home
|
Eligibility
|
Special Features
|
Documents
|
Rate Of Interest

A)NOMINATION FACILITY :
The Bank gives you nomination facility where you can nominate any person as your
nominee by filling nomination details in your account opening form. Nomination form
should be filled specifying nomination.
B)MINIMUM AMOUNT:-Rs.50000/C)NO LOCK IN PERIOD
D)PREMATURITY CLAUSE:
1% less than the card rate applicable at the time of making such FDR for the period
deposit remains with bank.
E)PAN/GIR:
Required for deposit in case the amount exceeds Rs.50000/-amount or submit Form
60/61
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11: Recurring

Deposit
Home
|
Eligibility
|
Special Features
|
Documents
|
Rate Of Interest

1.NOMINATION FACILITY :
The Bank gives you nomination facility where you can nominate any person as your
nominee by filling nomination details in your account opening form. The Passbook at the
face will show NOMINATION REGISTERED' to show position regarding the availment
of this facility.
2.PASS BOOK :
Every customer will be issued Pass Book for Recurring Deposit / RD Lakhpati which will
have details of all case of RD Deposits. Standing instruction for debiting account is being
accepted in this account
3.MINIMUM AMOUNT :
Rs. 100 P.M.
In case of RD Lakhpati : You may become Lakhpati in
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a) 5 Years by paying `1321/- per month in which you can get `1,00,201/b) 6 Years by paying `1051/- per month in which you can get `1,00,380/4.MINIMUM PERIOD : 12 Months
5.MAXIMUM PERIOD : 96 Months
6.PREMATURE WITHDRAWL :
Prematured withdrawl is available However if withdrawl before maturity following
interest will be applicable :1. Before 6 Months : No interest is allowed
2. After 6 Months: Less 1% interest below the rate applicable for the period the customer
has deposited his or her money at the ROI applicable at the time of such deposit at the
commencement of such scheme.
6.LATE DEPOSIT OF INSTALMENT :
The depositor has to pay the penalty of Rs. 1 per 100 Rs. per month/ monthly for late
deposit.
7.PAN/GIR :
Required for deposit in case the amount exceeds Rs. 50000/LOAN FACILITY :
Loan against deposit is available at the applicable rates up to 90% of the amount of
deposit. The amount due for payment to account holder if equals to Rs.20,000/- shall be
payable by cheque or through account only.

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12: Pension

Plan
Home
|
Eligibility
|
Rate of Interest
|
Special Features
|
Documents
|
Services

1.NOMINATION FACILITY :
The Bank gives you nomination facility where you can nominate any person as your
nominee by filling nomination details in your account opening form. Nomination form
should be filled specifying nomination.
2.MINIMUM AMOUNT : Rs. 50,000
4.MAXIMUM PERIOD : 10 years (No lock in period)
5.PREMATURE WITHDRAWL :
Prematured withdrawl is available However if withdrawl before maturity following
interest will be applicable :1. Before 6 Months : No interest is allowed
2. After 6 Months: Less 1% interest below the rate applicable for the period the customer
38

has deposited his or her money at the ROI applicable at the time of such deposit at the
commencement of such scheme.
6.LATE DEPOSIT OF INSTALMENT :
The depositor has to pay the penalty of Rs. 1 per 100 Rs. per month/ monthly for late
deposit.
7.PAN/GIR :
Required for deposit in case the amount exceeds Rs. 50000/- or submit Form 60/61

39

ORGANISATION CHART

40

OBJECTIVE OF THE STUDY

To analyze the financials of HCBL using internationally accepted norms of

financial analysis
To identify good investment opportunities in HCBL Bank
To know about the company as a whole
To find out the products offered by HCBL Bank

Investments in shares can be a very risky business. However the risk can be minimized
by a proper analysis before taking an investment decision. The project attempts to
perform such an analysis for the banking industry adopting the internationally accepted
norms of investment analysis.
The ultimate function of all economic activities is to produce goods and services to be
consumed by the households. The aggregate demand from the household sector is
influenced by the level of disposable income and its distribution.

RESEARCH METHODOLOGY
41

The procedure adopted for conducting the research requires a lot of attention as it has
direct bearing on accuracy, reliability and adequacy of results obtained. It is due to this
reason that research methodology, which we used at the time of conducting the research,
needs to be elaborated upon. It may be understood as a science of studying how research
is done scientifically. So, the research methodology not only talks about the research
methods but also considers the logic behind the method used in the context of the
research study. Research Methodology is a way to systematically study and solve the
research problems. If a researcher wants to claim his study as a good study, he must
clearly state the methodology adapted in conducting the research the research so that it
way be judged by the reader whether the methodology of work done is sound or not.

The Research Methodology here includes:-

Objective of study
Meaning of Research.
Research Problem.
Research Design.
Data Collection method.
Analysis and interpretation of Data
Limitation of study

IMPORTANCE OF THE STUDY


42

By BANKING OPERATION IN HCBL Bank we would be able to get a fair


picture of the financial position of HCBL Bank.

By showing the financial performance to various lenders and creditors it is


possible to get credit in easy terms if good financial condition is maintained in the
company with assets outweighing the liabilities.

Protecting the property of the business.

Compliances with legal requirement.

Meaning of Research:

Research is defined as a scientific and systematic search for pertinent information on a


specific topic. Research is an art of scientific investigation. Research is a systematized
effort to gain now knowledge. It is a careful investigation or inquiry especially through
search for new facts in any branch of knowledge. Research is an academic activity and
this term should be used in a technical sense. Research comprises defining and redefining
problems, formulating hypothesis or suggested solutions. Making deductions and
reaching conclusions to determine whether they if the formulating hypothesis. Research
is thus, an original contribution to the existing stock of knowledge making for its
advancement. The search for knowledge through objective and systematic method of
finding solutions to a problem is research.

Research Problem

The first step while conducting research is careful definition of Research Problem. To
ERR IS THE HUMAN is a proverb which indicates that no one is perfect in this world.
Every researcher has to face many problems which conducting any research thats why

43

problem statement is defined to know which type of problems a researcher has to face
while conducting any study. It is said that,
Problem well defined is problem half solved.
Basically, a problem statement refers to some difficulty, which researcher experiences in
the context of either a theoretical or practical situation and wants to obtain the solution
for the same.
The problem statement here is:TO MAKE A BANKING OPERATION IN HCBL Bank.

Research Design
A research designs is the arrangement of conditions for collection and analysis data in a
manner that aims to combine relevance to the research purpose with economy in
procedure. Research Design is the conceptual structure with in which research in
conducted. It constitutes the blueprint for the collection measurement and analysis of
data. Research Design includes and outline of what the researcher will do form writing
the hypothesis and it operational implication to the final analysis of data. A research
design is a framework for the study and is used as guide in collection and analyzing the
data. It is a strategy specifying which approach will be used for gathering and analyzing
the data. It also include the time and cost budget since most studies are done under these
two cost budget since most studies are done under theses tow constraints. The design is
such studies must be rigid and not flexible and most focus attention on the following:-

What is the study about?


Why is the study being made?
Where will the study be carried out?
What type of data is required?
Where can be required data be found?
What period of time will the study include?
44

What will be sample design?


What techniques of data collection will be used?
How will the data be analyzed?
In what style will the report be prepared?

TYPES OF RESEARCH DESIGN :


EXPERIMENTAL RESEARCH DESIGN
EXPLORATORY RESEARCH DESIGN
DESCRIPTIVE& DIAGNOSTIC RESEARCH

Exploratory Research Design: This research design is preferred when researcher


has a vague idea about the problem the researcher has to explore the subject.

Experimental Research Design : The research design is used to provide a strong


basis for the existence of casual relationship between two or more variables.

Descriptive Research Design: It seeks to determine the answers to who, what,


where, when and how questions. It is based on some previous understanding of the
matter.

Diagnostic Research Design: It determines the frequency with which something


occurs or its association with something else.

45

RESEARCH DESIGN USED IN THE STUDY:


Descriptive research design is used in this study because it will ensure the minimization
of bias and maximization of reliability of data collected. Descriptive study is based on
some previous understanding of the topic. Research has got a very specific objective and
clear cut data requirements The researcher had to use fact and information already
available through financial statements of earlier years and analyse these to make critical
evaluation of the available material. Hence by making the type of the research conducted
to be both Descriptive and Analytical in nature. From the study, the type of data to be
collected and the procedure to be used for this purpose were decided.

Data Collection Method


The process of data collection begins after a research problem has been defined and
research design ahs been chalked out. There are two types of data

PRIMARY DATA -It is first hand data, which is collected by researcher itself.
Primary data is collected by various approaches so as to get a precise, accurate, realistic
and relevant data. The main tool in gathering primary data was investigation and
observation. It was achieved by a direct approach and observation from the officials of
the company.

SECONDARY DATA - it is the data which is already collected by someone else.


Researcher has to analyze the data and interprets the results. It has always been important
for the completion of any report. It provides reliable, suitable, adequate and specific
knowledge.
SAMPLE AREA: LUCKNOW
SAMPLE SIZE: 50 RESPONDENTS

46

TYPE OF DATA USED IN THE STUDY


The required data for the study are basically secondary in nature and the data are
collected from

The audited reports of the company.

INTERNET which includes required financial data collected form HCBL Bank.
official website i.e www.hcblbank.com and some other websites on the internet
for the purpose of getting all the required financial data of the bank and to get
detailed knowledge about HCBL Bank. for the convenience of study.

Brouchers of HCBL Bank.

The valuable cooperation extended by staff members and the branch manager of
HCBL bank, contributed a lot to fulfill the requirements in the collection of data
in order to complete the project.

Methods of data analysis


The data collected were edited, classified and tabulated for analysis. The analytical tools
used in this study are:

ANALYTICAL TOOLS APPLIED:


The study employs the following analytical tools:
1. Comparative statement.
2. Trend Percentage.
3. Ratio Analysis.
4. Cash Flow Statement.

47

LIMITATIONS OF STUDY

Difficulty in data collection.

Limited knowledge about the bank in the initial stages.

Branch manager was reluctant for giving financial data of the bank.

The analysis and interpretation are based on secondary data contained in the
published annual reports of HCBL Bank for the study period.

Ratio itself will not completely show the companys good or bad financial position.

Inter firm comparison was not possible due to the non availability of competitors
data.

The study of financial performance can be only a means to know about the financial
condition of the company and cannot show a through picture of the activities of the
company

48

DATA ANALYSIS AND INTERPRETATION


1. Do you have account
Respondents

Percentage (%)

Yes

40

80 %

No

10

20%

20%

Yes
80%

No

INTERPRETATION
80% of Respondents have account with HCBL Bank at Lucknow city.
20% of Respondents dont have account with HCBL Bank at Lucknow
city.

49

2. Do you heard about the HCBL Bank?

Respondents

Percentage (%)

Yes

10 %

No

45

90%

10%

Yes
No
90%

INTERPRETATION
Only 10% of Respondents have heard about the HCBL Bank situated at
Lucknow city.
And 90% of Respondents dont heard about the HCBL Bank situated at
Lucknow city.

50

3. Do you award about the various products and services provided by the HCBL?

Respondents

Percentage (%)

Yes

10

20 %

No

40

80%

20%

Yes
No

80%

INTERPRETATION
80% of Respondents have not award about the various products and
services provided by the HCBL
20% of Respondents heard about the HCBL Bank situated at Lucknow
city.

51

4. If yes, then mention


Only (10 Respondents )
Respondents

Percentage (%)

Saving A/c

50%

Current A/c

30%

FDRH

10%

RD

10%

10%
10%
50%
30%

Saving A/c
Current A/c
FDRH
RD

INTERPRETATION
Only 10% of respondent there are only 50% are interested in Saving bank
Account and 30% in current Account and 10% each in FDRH & RD

52

5. Which product you are using?

Respondents

Percentage (%)

Saving A/c

25

50%

Current A/c

15

30%

FDRH

10

10%

RD

10

10%

10%
10%
50%
30%

Saving A/c
Current A/c
FDRH
RD

INTERPRETATION
Only 10% of respondent there are only 50% are interested in Saving bank
Account and 30% in current Account and 10% each in FDRH & RD

53

6. Why are you interested in using HCBL bank products?


Respondents

Percentage (%)

Profit

40%

Interest Rate

30%

Trust

10%

Customer Dealing

10%

Services

10%

10%

10%
40%

10%

Profit
Interest Rate
Trust
Customer Dealing

30%

Services

INTERPRETATION
40% of Respondents are interested in opening of account for profit
30% of Respondents are interested in opening of account for interest
10% of Respondents are interested in opening of account for Trust ,
Customer Dealing and service purpose

54

7. What kind of services HCBL bank is provided.


Respondents

Percentage (%)

ATM

50%

Internet Banking

30%

Mobile ATM

20%

Locker

20%
50%
30%

ATM
Internet Banking
Mobile ATM
Locker

INTERPRETATION
50% of Respondents are using ATM services is provided by HCBL.
30% of Respondents are using Interent Banking services is provided by
HCBL
20% of Respondents are using Mobile ATM services is provided by HCBL
None of Respondents are using Locker services is provided by HCBL

55

8. Are you satisfied with the products and services.


Percentage (%)
Yes

40%

No

60%

40%
Yes

60%

No

INTERPRETATION
40% of Respondents have satisfied with the products and services.
60% of Respondents have not satisfied with the products and services.

56

SWOT Analysis
Strengths

ING as one on the biggest financial MNC. 7th in 500 fortune

Only foreign bank which has acquired an Indian private bank (Vysya Bank)

Higher rate of interest than other private banks

Most of the financial plans are legalized under 80(ccc)

Top notch customer care and staff behavior


Weakness

Very few branches

Less variety of financial/banking products

Location
Opportunities

New segment of doctors, students and CAs as they like innovation in their
financial needs and like to enjoy the services.

High class (upper strata) population of city

Increase in different kind of financial products

NGO and Public Relations

Threats

Presence of two top private banking players in the market (ICICI & HDFC)

Large market share already captured

57

Non willingness of Lucknow citizens to change for something new, or to try innovation
in their banking.

RECOMMENDATION
As we have defined the main problem is acquisition and retention of
their customers. So Bank has to find out the solution of this problem.
Bank has to pay more attention towards their customer who are
quitting from the Bank. So Bank has to reduce the churn rate.
1. HCBL bank should open new branches in rural areas.
2. Extra charges should reduce.
3. Staff should be more co-operative than before.
4. They should emphasize on selling their other products like fixed deposit,
insurance policy to their customers.

58

CONCLUSION
On the basis of various techniques applied for the financial analysis of HCBL Bank. we
can arrive at a conclusion that the financial position and overall performance of the bank
is satisfactory. Though the income of the bank has increased over the period but not in the
same pace as of expenses. But the bank has succeeded in maintaining a reasonable
profitability position.
The bank has succeeded in increasing its share capital also which has increased around
50% in the last 5 years. Individuals are the major shareholders. The major achievement of
the bank has been a tremendous increase in its deposits, which has always been its main
objective. Fixed and current deposits have also shown an increasing trend.
Equity shareholders are also enjoying an increasing trend in the return on their capital.
Though current assets and liabilities (current liquidity) of the bank is not so satisfactory
but bank has succeeded in maintaining a stable solvency position over the years. As far as
the ratio of external and internal equity is concerned, it is clear that bank has been using
more amount of external equity in the form of loans and borrowings than owners equity.
Banks investments are also showing an increasing trend. Due to increase in advances,
the interest received by the bank from such advances is proving to be the major source of
income for the bank.

BIBLIOGRAPHY
59

Books
1.

Bhalla V.K., Investment management security analysis and portfolio management,


8th Ed., New Delhi, S. Chand and company Ltd., Ramnagar.

2.

Fisher E. Donald, Jordan J. Ronald, security analysis and portfolio management,


6th Ed., New Delhi, Prentice hall of India Pvt. Ltd.

3.

Kothari, C.R., Research Methodology, 2nd Ed., New Delhi, Wishwa Prakashan, A
Division of New Age, International Private Limited.

4.

Pandian Punithaveathy, security analysis and portfolio management, 1st Ed., New
Delhi, Vikas Publishing House Pvt. Ltd.

5.

Singh Preeti, Investment Management, Security and portfolio management, 9th


revised Ed., Mumbai, Himalya Publishing House.

Magazines / Newspaper

Business World

Business Today

Global Market Scenario

The Times of India

Hindustan Times

Economics Times

www.investmentbank.com

www.invbankers.com

google.com

Websites

QUESTIONNAIRE
60

Name
Designation..

1. Do you have account


(a)Yes
(b) No
2. Have you heard about the HCBL Bank?
(a)Yes
(b) No
3. Do you award about the various products and services provided by the HCBL?
(a)Yes
(b) No
4. If yes, then mention
(a)Savings A/c
(b)Current A/c
(c)FDRH
(d)RD
5. Which product are you using?
(a)Saving A/c
(b)Current A/c
(c)FDRH
(d)RD
6. Why are you interested in using HCBL bank products?
(a)Profit
(b)Interest Rate
(c)Trust
(d)Customer Dealing
(e)Services
7. What kind of services HCBL bank is providing?
(a)ATM
(b)Internet Banking
(c)Mobile ATM
(d)Locker
8. Are you satisfied with the products and services?
61

(a)Yes

(b) No

62

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