Description
united nation org
A Project on
International banks
Bachelor of Commerce
(Banking & Insurance)
Semester V
20!"#
Submitte$
In Partial %ul&llment of the re'uirements
%or the A(ar$ of the )egree of Bachelor of
Commerce * Banking & Insurance
B+
,oshani Chatur-e$i
Project .ui$e
Prof/ 0ishor Chauhan
Smt. Sushila$e-i College of Arts1 Commerce
an$ Science/
Sector !1 AI,23I1 4AVI 565BAI" !00708
Ackno(le$gement
On the Event of completion of my project “UCO BANK”. I take the
opportunity to epre!! my "eep !en!e of #ratitu"e to$ar"! all tho!e people
$ithout $ho!e #ui"ance% in!piration an" timely help% thi! project $oul"
have never !een the li#ht of "ay.
Any accompli!hment re&uire! the effort of many people an" thi! project i!
not "ifferent. I fin" #reat plea!ure in epre!!in# my "eepe!t !en!e of
#ratitu"e to$ar"! my 'roject #ui"e 'rof.(r.Ki!hor Chauhan $ho!e
#ui"ance an" in!piration ri#ht from the conceptuali)ation to the fini!hin#
!ta#e! prove" to *e very e!!ential an" valua*le in the completion of the
project.
Declaration
I1 ,oshani Chatur-e$i " stu$ent of 9/+/B/com * Banking &
Insurance Semester V (20! * 20#) hereb: $eclare that I
ha-e com;lete$ this ;roject/
9he information submitte$ is true & original to the best of
kno(le$ge/
Sig
nature of Student
Roshani
Chaturvedi
RESEARCH METHODOLOGY
Research and methodology carries the information regarding the project
and what all it includes. At the same time it shows from introduction to
the conclusion of the study made by the person as a particular topic.
• Primary data 2) secondary data
• Primary data :
Primary data collected by the researcher is by
“informal interiew method.! "o it helps the researcher to
collect so much data for the project wor#.
• "econdary data:
• $he boo#s referred by the research
• %nternet suffered by researcher.
• &ewspaper
OBJECTIVES
$he objecties of a research project summari'e what is to be achieed by the study.
$hese objecties should be closely related to the research problem. $he general
objectie of a study states what researchers e(pect to achiee by the study in
general terms. %t is possible )and adisable) to brea# down a general objectie into
smaller* logically connected parts. $hese are normally referred to as specific
objecties. "pecific objecties should systematically address the arious research
+uestions. $hey should specify what you will do in your study* where and for what
purpose.
LIMITATIONS
,ne of the limitations in research includes lac# of ade+uate information on a
particular subject. Research e+uipments are ery hard or e(pensie to ac+uire
leading to formulation mere assumptions. Another hindrance is poor or
inaccessibility to the region of study.
SCOPE OF RESEARCH
"cope describes the areas coered in a research whereas limitations are the
circumstances that were not considered in the research.-ore(ample* scope can be
what is the mar#eting problem and what topics are considered. whereas the
limitations include the inaccuracy of data* sampling errors* and data gathered from
a specific locality only.
INDEX
CHAP.
NO.
CONTENTS PAGE.
NO.
1 1.1
1.1.1
1.1.2
1.1.3
Histor o! "#$%i$&
Histor o! 'or() "#$%
B#$%i$&
Histor o! "#$%i$& i$ I$)i#
1*
11
12
13
2
2.1
2.1.1
2.1.2
2.2
2.3
2.+
2.,
2.-
2.-.1
2.-.2
./o "#$%
Histor o! ./o "#$%
B#/%&ro0$)
I$/or1or#tio$
I$tro)0/tio$ o! ./o "#$%
D2!i$itio$ o! ./o "#$%
O0r 3issio$
o0r 4isio$
./o s52(t2r
E(i&i"i(it
P0r1os2
1+
1,
1-
16
17
18
3
3.1
3 .1.1
3.1.2
3.1.3
3.2.2
3.3
3.3.1
D21osits s/5232
C5#$&i$& o0r #//o0$t
S#4i$&9/0rr2$t #9/
Mi$i303 "#(#$/2
C5#r&2s st#t232$t
D21osits s/5232
D21osit #//o0$t
A//o0$t o12$i$& #$) o12r#tio$ o! )21osit #9/
2*:38
3.3.2
3.3.3
3.+
3.,
T2r3 )21osit
S#!2 )21osit (o/%2r
./o "#$% o!!2rs )21osit s/5232 !or NRI
Do32sti/ )21osits
+
+.1
+.1.1
+.1.2
+.1.3
+.2
+.3
+.3.1
+.3.2
+.+
+.,
./o "#$% (o#$s sst23
;or%i$& /#1it#( !i$#$/2
F0$) "#s2) /r2)it !#/i(it
No$:!0$) "#s2)
T2r3 (o#$
I$!r#str0/t0r2 !i$#$/2
Lo#$ 1ro)0/t
A11(i/#tio$ !or (o#$s t52ir 1ro/2ssi$&
G0#r#$t22
./o "#$% #ttr#/t t52 5o32 (o#$
> 0retton /oods 8onference* along with
three other institutions* including the %nternational 9onetary -und )%9-). $he
/orld 0an# and the %9- are both based in /ashington 68* and wor# closely with
each other.
Although many countries were represented at the 0retton /oods 8onference* the
?nited "tates and ?nited ;ingdom were the most powerful in attendance and
dominated the negotiations.
$raditionally* the /orld 0an# has been headed by a citi'en of the ?nited "tates*
while the %9- has been led by a @uropean citi'en.
18++?18-7
0efore 2435* the reconstruction and deelopment loans proided by the /orld
0an# were relatiely small. $he 0an#1s staff was aware of the need to instill
confidence in the ban#. -iscal conseratism ruled* and loan applications had to
meet strict criteria.
$he first country to receie a /orld 0an# loan was -rance. $he 0an#1s president at
the time* Aohn 9c8loy* chose -rance oer two other applicants* Poland and 8hile.
$he loan was for ?"B2CD million* half the amount re+uested* and it came with
strict conditions. -rance had to agree to produce a balanced budget and gie
priority of debt repayment to the /orld 0an# oer other goernments. /orld 0an#
staff closely monitored the use of the funds to ensure that the -rench goernment
met the conditions.
1878
0eginning in 2454* in response to harsh criticism from many groups* the ban#
began including enironmental groups and &7,s in its loans to mitigate the past
effects of its deelopment policies that had prompted the criticism. %t also formed
an implementing agency* in accordance with the 9ontreal Protocols* to stop o'oneE
depletion damage to the @arth1s atmosphere by phasing out the use of 4CF of
o'oneEdepleting chemicals* with a target date of 2D2C. "ince then* in accordance
with its soEcalled ="i( "trategic $hemes*= the ban# has put arious additional
policies into effect to presere the enironment while promoting deelopment. -or
e(ample* in 2442* the ban# announced that to protect against deforestation*
especially in the Ama'on* it would not finance any commercial logging or
infrastructure projects that harm the enironment.
1.1.2BAN>ING
%ndia cannot hae a healthy economy without a sound and effectie ban#ing
system. $he ban#ing system should be hassle free and able to meet the new
challenges posed by technology and other factors* both internal and e(ternal.
%n the past three decades* %ndia1s ban#ing system has earned seeral outstanding
achieements to its credit. $he most stri#ing is its e(tensie reach. %t is no longer
confined to metropolises or cities in %ndia. %n fact* %ndian ban#ing system has
reached een to the remote corners of the country. $his is one of the main aspects
of %ndia1s growth story.
$he goernment1s regulation policy for ban#s has paid rich diidends with the
nationali'ation of 2> major priate ban#s in 2434. 0an#ing today has become
conenient and instant* with the account holder not haing to wait for hours at the
ban# counter for getting a draft or for withdrawing money from his account.
1.2.3 HISTORY OF BAN>ING IN INDIA
$he first ban# in %ndia* though conseratie* was established in 2G53. -rom 2G53
till today* the journey of %ndian 0an#ing "ystem can be segregated into three
distinct phases:
• @arly phase of %ndian ban#s* from 2G53 to 2434
• &ationali'ation of ban#s and the ban#ing sector reforms* from 2434 to 2442
• &ew phase of %ndian ban#ing system* with the reforms after 2442.
P5#s21
$he first ban# in %ndia* the 7eneral 0an# of %ndia* was set up in 2G53. 0an# of
D)* and 0an# of 9adras )25>H) as
independent units and called them Presidency ban#s. $hese three ban#s were
amalgamated in 242D and the %mperial 0an# of %ndia* a ban# of priate
shareholders* mostly @uropeans* was established. Allahabad 0an# was established*
e(clusiely by %ndians* in 253C. Punjab &ational 0an# was set up in 254> with
head+uarters in :ahore. 0etween 24D3 and 242H* 0an# of %ndia* 8entral 0an# of
%ndia* 0an# of 0aroda* 8anara 0an#* %ndian 0an#* and 0an# of 9ysore were set
up. $he Resere 0an# of %ndia came in 24HC.
6uring the first phase* the growth was ery slow and ban#s also e(perienced
periodic failures between 242H and 24>5. $here were appro(imately 2*2DD ban#s*
mostly small. $o streamline the functioning and actiities of commercial ban#s* the
7oernment of %ndia came up with the 0an#ing 8ompanies Act* 24>4* which was
later changed to the 0an#ing Regulation Act* 24>4 as per amending Act of 243C
)Act &o. 2H of 243C).
P5#s22
$he goernment too# major initiaties in ban#ing sector reforms after
%ndependence. %n 24CC* it nationali'ed the %mperial 0an# of %ndia and started
offering e(tensie ban#ing facilities* especially in rural and semiEurban areas. $he
goernment constituted the "tate 0an# of %ndia to act as the principal agent of the
R0% and to handle ban#ing transactions of the ?nion goernment and state
goernments all oer the country. "een ban#s owned by the Princely states were
nationali'ed in 24C4 and they became subsidiaries of the "tate 0an# of %ndia. %n
2434* 2> commercial ban#s in the country were nationali'ed. %n the second phase
of ban#ing sector reforms* seen more ban#s were nationali'ed in 245D. /ith this*
5D percent of the ban#ing sector in %ndia came under the goernment ownership.
P5#s23
$his phase has introduced many more products and facilities in the ban#ing sector
as part of the reforms process. %n 2442* under the chairmanship of 9 &arasimham*
a committee was set up* which wor#ed for the liberali'ation of ban#ing practices.
&ow* the country is flooded with foreign ban#s and their A$9 stations. @fforts are
being put to gie a satisfactory serice to customers. Phone ban#ing and net
ban#ing are introduced. $he entire system became more conenient and swift.
$ime is gien importance in all money transactions.
$he financial system of %ndia has shown a great deal of resilience. %t is sheltered
from crises triggered by e(ternal macroeconomic shoc#s* which other @ast Asian
countries often suffered. $his is all due to a fle(ible e(change rate regime* the high
foreign e(change resere* the notEyet fully conertible capital account* and the
limited foreign e(change e(posure of ban#s and their customers.
CHAPTER NO.2
2.1 HISTORY OF .CO BAN>
2.1.1BAC>GRO.ND
?8, 0an# )formerly ?nited 8ommercial 0an#) was founded in 24>H by "ri
7hanashyam 6as 0irla* the then 8hairman of the DEPOSIT SCHEMES FOR NRIS .CO BAN>
OFFERS THE FOLLO;ING DEPOSTI SCHEMES FOR THE
NON RESIDENT INDIANS@
• -oreign currency non resident deposits
• &on resident ordinary deposits
• Resident foreign currency deposits
• Rupee deposits
• &on resident e(ternal deposits
-ollowing are the main features of the foreign currency non resident deposits
offered by ?co ban#:
• Reparability
• 8hoosing the term of deposit
• $a( e(emption
• Automatic renewal
• 8hoice of currency
• Aoint account
• Remit in any currency
• Power of attorney
• &o upper ceiling
• &omination
• Attractie interests
•
ans aailable against -8&R deposits
• :arge number of branches
NON:RESIDENT DEPOSIT SCHEMES
:: &R@ 6eposits :: -8&R 6eposits :: R-8 6eposits :: &R&R 6eposits ::
Reision in Rate of %nterest in &R@ $erm 6eposits of Rs. 2.DD 8rore and aboe to
Rs. C.DD 8rores O Rates effectie from E 2C.DG.2D2H
)A) &R@ Rupee $erm 6eposit :
"r. &o.
Period
:ess than Rs. 2
8rore
D2.
2 year and aboe upto H
years
5.GCF
D2.
Aboe H years but less than C
years
5.GCF
DH.
C years and aboe upto 2D
years
5.GCF
"r.
&o.
$ime Period &R@ $erm 6eposit
Rs. 2.DD 8rores
and
aboe to Rs. C.DD
8rores
D2. 2 year 5.GD
D2.
9ore than 2 year upto 2
years
5.GC
DH. Aboe 2 years upto H years 5.GC
D>.
Aboe H years to less than C
years
5.GC
DC. C years and aboe 5.GC
&R@ $@R9 6@P,"%$" A0,R@ Rs. C.DD 8R,R@" E RA$@" @--@8$%R@
-R,9 E 2C.DG.2D2H:
"r. &o. $ime Period
&R@ E $@R9 6@P,"%$
A0,R@ Rs. C.DD
8R,R@"
D2. H3C EHGC 6ays 5.2C
D2. HG3 6ays E S 2 Nears5.CD
DH.
2 Nears but S H
Nears
5.CD
D>.
H Nears but S C
Nears
5.2C
DC. C Nears I aboe 5.2C
• All Tonal ,ffices are re+uested to note the aboe mentioned interest rates for
&R@ $erm 6eposits of aboe Rs. C.DD 8rore are effectie from 2C.DG.2D2H.
• $he aboe card rates are alid for single deposits )-resh I Renewal).
• &o cash deposits to be accepted.
• -or premature closure penal charges shall be 2F less than applicable rate for
which the term deposit of more than C.DD 8rore was held by the branch as on
the date of deposit or the present rate as on the date of premature closure
whicheer is lower.
• ?nder no circumstances branches are allowed to +uote beyond the rates
mentioned supra. Tonal offices and -79 offices are re+uested to ensure strict
compliance.
PROD.CTS AND SERVICE
$he 0an# is offering arious serices associated with the
products offered under %nternet 0an#ing to its customers.
• Retail 0an#ing :
All %ndiiduals aboe 25 years of age* haing
accounts under "aings 0an#K8urrent AccountK-i(ed
6eposit AccountsKan Accounts are offered %nternet
0an#ing "erices under Retail 0an#ingKPersonal 0an#ing.
• 8orporate 0an#ing :
All Proprietary K Partnership firms K Priate
:imited 8o1sKPublic :imited 8o1s haing 8urrent
AccountsK8ash 8redit AccountsK-i(ed 6eposit
AccountsKan Accounts are offered %nternet
0an#ing "erices under 8orporate 0an#ing.
• ;ids 0an#ing :
All %ndiiduals between 2D and 25 years of age*
haing accounts under "aings AccountK-i(ed 6eposit
Accounts are offered %nternet 0an#ing "erices under ;ids
0an#ing.
GETTING RECORDS
2. $itle of the "cheme “?8, 6hanE:a(mi -i(ed 6eposit "cheme!
2. "cheme $ype U;uber Nojana -i(ed 6eposit "cheme . ?
H. Period of operation ,f the "cheme
$he scheme would be open for the general public from Aune 2Dth* 2D2H and
/ill remain alid up to "eptember HDth* 2D2H.
CCI
.CO >ISAN BHOOMI VRIDHI
J.>BV I
.CO >ISAN
TAT>AL
SCHEME
.CO ESTATE
P.RCHASE
LOAN
SCHEME
.CO >ISAN ALL P.RPOSE TERM
LOAN SCHEME
S/5232 !or
!i$#$/i$& !#r32rs
!or M#r%2ti$&
A&ri/0(t0r2
Pro)0/2 i.2.
A&#i$st ;#r25o0s2
9 Co() Stor#&2
R2/2i1t
.CO M#5i(#
.tt5#$ J.M.I
.CO G2$2r#( Cr2)it C#r)J.GCCI
DATA ANALYSIS
.CO BAN>
)/hich type of loan you hae.
others H
9ost of the customer hae education loan therefore %nterest of
education loan is affordable.
2C)Nour A$9 are is used in ban#
%ssued 0an# All ,ther 0an#
NO OF RESPONDENT TOTAL
%""?@6 0A&; 2
A:: ,$
united nation org
A Project on
International banks
Bachelor of Commerce
(Banking & Insurance)
Semester V
20!"#
Submitte$
In Partial %ul&llment of the re'uirements
%or the A(ar$ of the )egree of Bachelor of
Commerce * Banking & Insurance
B+
,oshani Chatur-e$i
Project .ui$e
Prof/ 0ishor Chauhan
Smt. Sushila$e-i College of Arts1 Commerce
an$ Science/
Sector !1 AI,23I1 4AVI 565BAI" !00708
Ackno(le$gement
On the Event of completion of my project “UCO BANK”. I take the
opportunity to epre!! my "eep !en!e of #ratitu"e to$ar"! all tho!e people
$ithout $ho!e #ui"ance% in!piration an" timely help% thi! project $oul"
have never !een the li#ht of "ay.
Any accompli!hment re&uire! the effort of many people an" thi! project i!
not "ifferent. I fin" #reat plea!ure in epre!!in# my "eepe!t !en!e of
#ratitu"e to$ar"! my 'roject #ui"e 'rof.(r.Ki!hor Chauhan $ho!e
#ui"ance an" in!piration ri#ht from the conceptuali)ation to the fini!hin#
!ta#e! prove" to *e very e!!ential an" valua*le in the completion of the
project.
Declaration
I1 ,oshani Chatur-e$i " stu$ent of 9/+/B/com * Banking &
Insurance Semester V (20! * 20#) hereb: $eclare that I
ha-e com;lete$ this ;roject/
9he information submitte$ is true & original to the best of
kno(le$ge/
Sig
nature of Student
Roshani
Chaturvedi
RESEARCH METHODOLOGY
Research and methodology carries the information regarding the project
and what all it includes. At the same time it shows from introduction to
the conclusion of the study made by the person as a particular topic.
• Primary data 2) secondary data
• Primary data :
Primary data collected by the researcher is by
“informal interiew method.! "o it helps the researcher to
collect so much data for the project wor#.
• "econdary data:
• $he boo#s referred by the research
• %nternet suffered by researcher.
• &ewspaper
OBJECTIVES
$he objecties of a research project summari'e what is to be achieed by the study.
$hese objecties should be closely related to the research problem. $he general
objectie of a study states what researchers e(pect to achiee by the study in
general terms. %t is possible )and adisable) to brea# down a general objectie into
smaller* logically connected parts. $hese are normally referred to as specific
objecties. "pecific objecties should systematically address the arious research
+uestions. $hey should specify what you will do in your study* where and for what
purpose.
LIMITATIONS
,ne of the limitations in research includes lac# of ade+uate information on a
particular subject. Research e+uipments are ery hard or e(pensie to ac+uire
leading to formulation mere assumptions. Another hindrance is poor or
inaccessibility to the region of study.
SCOPE OF RESEARCH
"cope describes the areas coered in a research whereas limitations are the
circumstances that were not considered in the research.-ore(ample* scope can be
what is the mar#eting problem and what topics are considered. whereas the
limitations include the inaccuracy of data* sampling errors* and data gathered from
a specific locality only.
INDEX
CHAP.
NO.
CONTENTS PAGE.
NO.
1 1.1
1.1.1
1.1.2
1.1.3
Histor o! "#$%i$&
Histor o! 'or() "#$%
B#$%i$&
Histor o! "#$%i$& i$ I$)i#
1*
11
12
13
2
2.1
2.1.1
2.1.2
2.2
2.3
2.+
2.,
2.-
2.-.1
2.-.2
./o "#$%
Histor o! ./o "#$%
B#/%&ro0$)
I$/or1or#tio$
I$tro)0/tio$ o! ./o "#$%
D2!i$itio$ o! ./o "#$%
O0r 3issio$
o0r 4isio$
./o s52(t2r
E(i&i"i(it
P0r1os2
1+
1,
1-
16
17
18
3
3.1
3 .1.1
3.1.2
3.1.3
3.2.2
3.3
3.3.1
D21osits s/5232
C5#$&i$& o0r #//o0$t
S#4i$&9/0rr2$t #9/
Mi$i303 "#(#$/2
C5#r&2s st#t232$t
D21osits s/5232
D21osit #//o0$t
A//o0$t o12$i$& #$) o12r#tio$ o! )21osit #9/
2*:38
3.3.2
3.3.3
3.+
3.,
T2r3 )21osit
S#!2 )21osit (o/%2r
./o "#$% o!!2rs )21osit s/5232 !or NRI
Do32sti/ )21osits
+
+.1
+.1.1
+.1.2
+.1.3
+.2
+.3
+.3.1
+.3.2
+.+
+.,
./o "#$% (o#$s sst23
;or%i$& /#1it#( !i$#$/2
F0$) "#s2) /r2)it !#/i(it
No$:!0$) "#s2)
T2r3 (o#$
I$!r#str0/t0r2 !i$#$/2
Lo#$ 1ro)0/t
A11(i/#tio$ !or (o#$s t52ir 1ro/2ssi$&
G0#r#$t22
./o "#$% #ttr#/t t52 5o32 (o#$
> 0retton /oods 8onference* along with
three other institutions* including the %nternational 9onetary -und )%9-). $he
/orld 0an# and the %9- are both based in /ashington 68* and wor# closely with
each other.
Although many countries were represented at the 0retton /oods 8onference* the
?nited "tates and ?nited ;ingdom were the most powerful in attendance and
dominated the negotiations.
$raditionally* the /orld 0an# has been headed by a citi'en of the ?nited "tates*
while the %9- has been led by a @uropean citi'en.
18++?18-7
0efore 2435* the reconstruction and deelopment loans proided by the /orld
0an# were relatiely small. $he 0an#1s staff was aware of the need to instill
confidence in the ban#. -iscal conseratism ruled* and loan applications had to
meet strict criteria.
$he first country to receie a /orld 0an# loan was -rance. $he 0an#1s president at
the time* Aohn 9c8loy* chose -rance oer two other applicants* Poland and 8hile.
$he loan was for ?"B2CD million* half the amount re+uested* and it came with
strict conditions. -rance had to agree to produce a balanced budget and gie
priority of debt repayment to the /orld 0an# oer other goernments. /orld 0an#
staff closely monitored the use of the funds to ensure that the -rench goernment
met the conditions.
1878
0eginning in 2454* in response to harsh criticism from many groups* the ban#
began including enironmental groups and &7,s in its loans to mitigate the past
effects of its deelopment policies that had prompted the criticism. %t also formed
an implementing agency* in accordance with the 9ontreal Protocols* to stop o'oneE
depletion damage to the @arth1s atmosphere by phasing out the use of 4CF of
o'oneEdepleting chemicals* with a target date of 2D2C. "ince then* in accordance
with its soEcalled ="i( "trategic $hemes*= the ban# has put arious additional
policies into effect to presere the enironment while promoting deelopment. -or
e(ample* in 2442* the ban# announced that to protect against deforestation*
especially in the Ama'on* it would not finance any commercial logging or
infrastructure projects that harm the enironment.
1.1.2BAN>ING
%ndia cannot hae a healthy economy without a sound and effectie ban#ing
system. $he ban#ing system should be hassle free and able to meet the new
challenges posed by technology and other factors* both internal and e(ternal.
%n the past three decades* %ndia1s ban#ing system has earned seeral outstanding
achieements to its credit. $he most stri#ing is its e(tensie reach. %t is no longer
confined to metropolises or cities in %ndia. %n fact* %ndian ban#ing system has
reached een to the remote corners of the country. $his is one of the main aspects
of %ndia1s growth story.
$he goernment1s regulation policy for ban#s has paid rich diidends with the
nationali'ation of 2> major priate ban#s in 2434. 0an#ing today has become
conenient and instant* with the account holder not haing to wait for hours at the
ban# counter for getting a draft or for withdrawing money from his account.
1.2.3 HISTORY OF BAN>ING IN INDIA
$he first ban# in %ndia* though conseratie* was established in 2G53. -rom 2G53
till today* the journey of %ndian 0an#ing "ystem can be segregated into three
distinct phases:
• @arly phase of %ndian ban#s* from 2G53 to 2434
• &ationali'ation of ban#s and the ban#ing sector reforms* from 2434 to 2442
• &ew phase of %ndian ban#ing system* with the reforms after 2442.
P5#s21
$he first ban# in %ndia* the 7eneral 0an# of %ndia* was set up in 2G53. 0an# of
D)* and 0an# of 9adras )25>H) as
independent units and called them Presidency ban#s. $hese three ban#s were
amalgamated in 242D and the %mperial 0an# of %ndia* a ban# of priate
shareholders* mostly @uropeans* was established. Allahabad 0an# was established*
e(clusiely by %ndians* in 253C. Punjab &ational 0an# was set up in 254> with
head+uarters in :ahore. 0etween 24D3 and 242H* 0an# of %ndia* 8entral 0an# of
%ndia* 0an# of 0aroda* 8anara 0an#* %ndian 0an#* and 0an# of 9ysore were set
up. $he Resere 0an# of %ndia came in 24HC.
6uring the first phase* the growth was ery slow and ban#s also e(perienced
periodic failures between 242H and 24>5. $here were appro(imately 2*2DD ban#s*
mostly small. $o streamline the functioning and actiities of commercial ban#s* the
7oernment of %ndia came up with the 0an#ing 8ompanies Act* 24>4* which was
later changed to the 0an#ing Regulation Act* 24>4 as per amending Act of 243C
)Act &o. 2H of 243C).
P5#s22
$he goernment too# major initiaties in ban#ing sector reforms after
%ndependence. %n 24CC* it nationali'ed the %mperial 0an# of %ndia and started
offering e(tensie ban#ing facilities* especially in rural and semiEurban areas. $he
goernment constituted the "tate 0an# of %ndia to act as the principal agent of the
R0% and to handle ban#ing transactions of the ?nion goernment and state
goernments all oer the country. "een ban#s owned by the Princely states were
nationali'ed in 24C4 and they became subsidiaries of the "tate 0an# of %ndia. %n
2434* 2> commercial ban#s in the country were nationali'ed. %n the second phase
of ban#ing sector reforms* seen more ban#s were nationali'ed in 245D. /ith this*
5D percent of the ban#ing sector in %ndia came under the goernment ownership.
P5#s23
$his phase has introduced many more products and facilities in the ban#ing sector
as part of the reforms process. %n 2442* under the chairmanship of 9 &arasimham*
a committee was set up* which wor#ed for the liberali'ation of ban#ing practices.
&ow* the country is flooded with foreign ban#s and their A$9 stations. @fforts are
being put to gie a satisfactory serice to customers. Phone ban#ing and net
ban#ing are introduced. $he entire system became more conenient and swift.
$ime is gien importance in all money transactions.
$he financial system of %ndia has shown a great deal of resilience. %t is sheltered
from crises triggered by e(ternal macroeconomic shoc#s* which other @ast Asian
countries often suffered. $his is all due to a fle(ible e(change rate regime* the high
foreign e(change resere* the notEyet fully conertible capital account* and the
limited foreign e(change e(posure of ban#s and their customers.
CHAPTER NO.2
2.1 HISTORY OF .CO BAN>
2.1.1BAC>GRO.ND
?8, 0an# )formerly ?nited 8ommercial 0an#) was founded in 24>H by "ri
7hanashyam 6as 0irla* the then 8hairman of the DEPOSIT SCHEMES FOR NRIS .CO BAN>
OFFERS THE FOLLO;ING DEPOSTI SCHEMES FOR THE
NON RESIDENT INDIANS@
• -oreign currency non resident deposits
• &on resident ordinary deposits
• Resident foreign currency deposits
• Rupee deposits
• &on resident e(ternal deposits
-ollowing are the main features of the foreign currency non resident deposits
offered by ?co ban#:
• Reparability
• 8hoosing the term of deposit
• $a( e(emption
• Automatic renewal
• 8hoice of currency
• Aoint account
• Remit in any currency
• Power of attorney
• &o upper ceiling
• &omination
• Attractie interests
•
ans aailable against -8&R deposits• :arge number of branches
NON:RESIDENT DEPOSIT SCHEMES
:: &R@ 6eposits :: -8&R 6eposits :: R-8 6eposits :: &R&R 6eposits ::
Reision in Rate of %nterest in &R@ $erm 6eposits of Rs. 2.DD 8rore and aboe to
Rs. C.DD 8rores O Rates effectie from E 2C.DG.2D2H
)A) &R@ Rupee $erm 6eposit :
"r. &o.
Period
:ess than Rs. 2
8rore
D2.
2 year and aboe upto H
years
5.GCF
D2.
Aboe H years but less than C
years
5.GCF
DH.
C years and aboe upto 2D
years
5.GCF
"r.
&o.
$ime Period &R@ $erm 6eposit
Rs. 2.DD 8rores
and
aboe to Rs. C.DD
8rores
D2. 2 year 5.GD
D2.
9ore than 2 year upto 2
years
5.GC
DH. Aboe 2 years upto H years 5.GC
D>.
Aboe H years to less than C
years
5.GC
DC. C years and aboe 5.GC
&R@ $@R9 6@P,"%$" A0,R@ Rs. C.DD 8R,R@" E RA$@" @--@8$%R@
-R,9 E 2C.DG.2D2H:
"r. &o. $ime Period
&R@ E $@R9 6@P,"%$
A0,R@ Rs. C.DD
8R,R@"
D2. H3C EHGC 6ays 5.2C
D2. HG3 6ays E S 2 Nears5.CD
DH.
2 Nears but S H
Nears
5.CD
D>.
H Nears but S C
Nears
5.2C
DC. C Nears I aboe 5.2C
• All Tonal ,ffices are re+uested to note the aboe mentioned interest rates for
&R@ $erm 6eposits of aboe Rs. C.DD 8rore are effectie from 2C.DG.2D2H.
• $he aboe card rates are alid for single deposits )-resh I Renewal).
• &o cash deposits to be accepted.
• -or premature closure penal charges shall be 2F less than applicable rate for
which the term deposit of more than C.DD 8rore was held by the branch as on
the date of deposit or the present rate as on the date of premature closure
whicheer is lower.
• ?nder no circumstances branches are allowed to +uote beyond the rates
mentioned supra. Tonal offices and -79 offices are re+uested to ensure strict
compliance.
PROD.CTS AND SERVICE
$he 0an# is offering arious serices associated with the
products offered under %nternet 0an#ing to its customers.
• Retail 0an#ing :
All %ndiiduals aboe 25 years of age* haing
accounts under "aings 0an#K8urrent AccountK-i(ed
6eposit AccountsK
an Accounts are offered %nternet0an#ing "erices under Retail 0an#ingKPersonal 0an#ing.
• 8orporate 0an#ing :
All Proprietary K Partnership firms K Priate
:imited 8o1sKPublic :imited 8o1s haing 8urrent
AccountsK8ash 8redit AccountsK-i(ed 6eposit
AccountsK
an Accounts are offered %nternet0an#ing "erices under 8orporate 0an#ing.
• ;ids 0an#ing :
All %ndiiduals between 2D and 25 years of age*
haing accounts under "aings AccountK-i(ed 6eposit
Accounts are offered %nternet 0an#ing "erices under ;ids
0an#ing.
GETTING RECORDS
2. $itle of the "cheme “?8, 6hanE:a(mi -i(ed 6eposit "cheme!
2. "cheme $ype U;uber Nojana -i(ed 6eposit "cheme . ?
H. Period of operation ,f the "cheme
$he scheme would be open for the general public from Aune 2Dth* 2D2H and
/ill remain alid up to "eptember HDth* 2D2H.
CCI
.CO >ISAN BHOOMI VRIDHI
J.>BV I
.CO >ISAN
TAT>AL
SCHEME
.CO ESTATE
P.RCHASE
LOAN
SCHEME
.CO >ISAN ALL P.RPOSE TERM
LOAN SCHEME
S/5232 !or
!i$#$/i$& !#r32rs
!or M#r%2ti$&
A&ri/0(t0r2
Pro)0/2 i.2.
A&#i$st ;#r25o0s2
9 Co() Stor#&2
R2/2i1t
.CO M#5i(#
.tt5#$ J.M.I
.CO G2$2r#( Cr2)it C#r)J.GCCI
DATA ANALYSIS
.CO BAN>
)/hich type of loan you hae.
others H
9ost of the customer hae education loan therefore %nterest of
education loan is affordable.
2C)Nour A$9 are is used in ban#
%ssued 0an# All ,ther 0an#
NO OF RESPONDENT TOTAL
%""?@6 0A&; 2
A:: ,$