UNIVERSITY OF MUMBAI

PROJECT ON
INNOVATIVE PRODUCTS IN BANKING
BACHELOR OF COMMERCE
BANKING & INSURANCE
SEMESTER V
(2017-2018)

SUBMITTED
In partial Fulfillment of the requirement for the
Award of Degree of Bachelor of Commerce – Banking & Insurance.

SUBMITTED BY,
ANKITA ASHOK RANE
ROLL NO. - 49

UNDER GUIDANCE,
GUIDE NAME (Asst. Prof. SWAPNIL SONAWANE)

MAHARSHI DAYANAND COLLEGE OF ARTS, SCIENCE &

COMMERCE PAREL, MUMBAI – 400 012.
 MAHARSHIDAYANANDCOLLEGE
OF ARTS, SCIENCE & COMMERCE
PAREL, MUMBAI – 400 012.

CERTIFICATE

This is to certify that MISS/MR. ANKITA ASHOK RANE of B.Com

(Banking & Insurance) Semester V (2017-2018) has successfully
completed the project on INNOVATIVE PRODUCT IN BANKING
under the guidance of GUIDE NAME: SWAPNIL SONAWANE

Course Coordinator Principal

Project Guide/Internal Examiner External Examiner

 DECLARATION

I am MISS/MR. ANKITA ASHOK RANE The student of B. com

(Banking & Insurance) Semester V (2017-2018) hereby declares that I
have completed the Project on INNOVATIVE PRODUCT IN
BANKING The information submitted is true and original to the best of
my knowledge.

Signature of student

Name of Student

MISS/MR. ANKITA ASHOK RANE

Roll No. 49
 ACKNOWLEDGEMENT

The college, the faculty, the classmates & the atmosphere, in the college
were all the favorable contributory factors right from the point when the
topic was to be selected till the final copy was prepared. It was a very
enriching experience throughout the contribution from the following
individuals in the form in which it appears today. We feel privileged to
take this opportunity to put on record my gratitude towards them.
PROF. KUNAL SONI made sure that the resource was made available
in time & also for immediate advice & guidance throughout making this
project. The principal of our college DR. T.P.GHULE and our Vice-
Principal Mrs. SANJEEVANI PHATAK has always been inspiring &
driving force. We are thankful to Mr. SANTOSH SHINDE associated
with administration part of Financial Markets & Banking & Insurance
section has been very helpful in making the infrastructure available for
data entry.
 EXECUTIVE SUMMARY

Innovation is already an important driver of growth in some countries. some

traditional sources of growth are declining in importance, Banking system occupies
an important place in nation's economy. Thus, economic development of acountry
depends upon success of banking industry and success of banking Industry is
determined to a large extent by now well then needs of its customers have been
understood and satisfied. The Indian banking industry has come a long way from
being a sleepy business institution to a highly proactive and dynamic entity. the
public sector banks are now going in for major image changes and customer friendly
schemes. Increasing competition and technology driven products are some of the
trends which the banking industry is currently experiencing. The dissertation entitled
“Impact of Privatization on Public Sector Banks” is Banking system occupies an
important place in nation's economy.A banking institution is indispensable in a
modern society. Thus, economic development of acountry depends upon success of
banking industry and success of banking industry is determined to a large extent by
now well then needs of its customers have been understood and satisfied. the public
sector banks are now going in for major image changes and customer friendly
schemes. Increasing competition and technology driven products are some of the
trends which the banking industry is currently experiencing. innovation their
professional management has gained a remarkable position in banking sector. The
technology oriented banking has become one of the latest success mantra in market
especially to win over the customers.
INDEX

SR CONTENTS PAGE
NO NO

1 INTRODUCTION 1–3
I. PUBLIC SECTOR BANK
4–6
2 RESEARCH METHODOLOGY 7

3 INNOVATIVE PRODUCT IN PUBLIC SECTOR 8 - 35

BANK.

4 ADVANTAGE & DISADVANTAGE OF 36 – 40

INNOVATIVE PRODUCT

5 ANALYSIS 41

6 RECOMMENDATION & SUGGESTION 42

7 CONCLUSION 43

8 BIBLIOGRAPHY 44