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CONTENT

Sr. No. 1 2 3 4

Particular Banking Sector in India General Information of Bank Objective of Bank Policies of Bank

Page No. 3 4 5 6

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.

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

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.

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.

CONTENT

Sr. No. 1 2 Introduction Service at a Bank 1. Deposits 2. Loans

Particulars

Page No. 34 35

3. Other Services

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.

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 to get 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 46 days to 90 days 91 days to 179 days 180 days to 1 year 1 year to 2 years 2 year to 5 years Above 5 years 7.78%

3.5% 5% 6% 7% 7.5 % 8%

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 Rs. 2 lacs to Rs. 5 lacs Rs. 5 lacs to Rs. 10 lacs Above Rs. 10 lacs 12 % 12.5 % 13 % 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 For personnel use 14% 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 Rs. 2 Lacks to 5 Lacks Rs. 5 Lacks to Rs. 10 Lacks Above Rs. 10 Lacks 12 % 12.5 % 13 % 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 Above Rs. 25000 13 % 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 Rs. 2 Lacks to Rs. 5 Lacks Rs. 5 Lacks to Rs. 15 Lacks Above Rs. 15 Lacks 11 % 11.75 % 12.75 % 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

Sr. No. 1 2 3 4 Introduction Financial Planning Financial Report

Particulars

Page No. 16 17 18 19

Information of Share Capital

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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 Members Share Capital Deposit Advances Net Profit Working Capital 31-03-05 Rs. 14,400 Rs. 316 Rs. 8800 Rs. 6300 Rs. 82 Rs. 10,200 31-3-07 Rs. 14,550 Rs. 330 Rs. 9640 Rs. 6300 Rs. 87 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

Sr. No. 1 2 3 4 5 6 7 8 9 10 Information General Meeting

Particulars

Page No. 22 23 24 25 26 27 28 29 30 31

Qualification of Directors Authority of managing Director Selection Promotion Transfer Personnel Record Remuneration Organization Chart

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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

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