COMPILE BY:BHUMIKA N. PATEL. 40, AMARDHAM ROW HOUSE, TADWADI, RANDER ROAD, SURAT-395009 M. NO.:9978919210
It is a matter of pleasure for me to work on a practical project like “Kaleidoscopic view of Banking in India” .This project has added value to my theoretical knowledge. I would like to admit my sincere thanks to the ICICI BANK for providing me such an opportunity to work in their organization. I would like to thank my professors for providing me their valuable guidance and for taking keen interest in my project. Last but not least I thank such banks like Bank of Baroda, State Bank of India, City Bank, Dena Bank, Surat People’s Co-operative Bank Ltd. These branches had co-operated me in my project. They had made this project a great valuable event for me.
NEEDS FOR THE PROJECT
Usually all persons want money for personal and commercial purposes. Banks are the oldest lending institutions in Indian scenario. They are providing all facilities to all citizens for their own purposes by their terms. To survive in this modern market every bank implements so many new innovative ideas, strategies, and advanced
technologies. For that they give each and every minute detail about their institution and projects to Public.
They are providing ample facilities to satisfy their customers i.e. Net Banking, Mobile Banking, Door to Door facility, Instant facility, Investment facility, Demat facility, Credit Card facility, Loans and Advances, Account facility etc. And such banks get success to create their own image in public and corporate world. These banks always accepts innovative notions in Indian banking scenario like Credit Cards, ATM machines, Risk Management etc. So, as a student business economics I take keen interest in Indian economy and for that banks are the main source of development.
So this must be the first choice for me to select this topic. At this stage every person must know about new innovation, technology of procedure new schemes and new ventures.
OBJECTIVES OF THE PROJECT
Because of the following reasons, I prefer this project work to get the knowledge of the banking system.
• Banking is an essential industry. • It is where we often wind up when we are seeking a problem in financial crisis and money related query. • Banking is one of the most regulated businesses in the world. • Banks remain important source for career opportunities for people. • It is vital system for developing economy for the nation. • Banks can play a dynamic role in delivery and purchase of consumer durables.
THE ROLE OF ECONOMISTS IN BANKS
The crucial role of bank economists in transforming the banking system in India. Economists have to be more ‘mainstreamed’ within the operational structure of commercial banks. Apart from the traditional functioning of macro-scanning, the interlinkages between treasuries, dealing rooms and trading rooms of banks need to be viewed not only with the day-to-day needs of operational necessity, but also with analytical content and policy foresight. Today, operational aspects of the functioning of banks are attracting intensive research by professional economists. In particular, measuring and modeling different kinds of risks faced by banks, the behavior of risk-return relationships associated with different portfolio mixes and the impact of fluctuations in financial markets on the financial performance of banks are areas which lend themselves to analytical and empirical appraisal by economists and econometricians. They, in turn, are discovering the degrees of freedom and room for analytical maneuver in high frequency information generated by the day-to-day functioning of banks. It is vital that we develop an environment where these synergies are nurtured so as to serve the longer-term strategic interests of banks. Even in real time trading and portfolio decisions, the fundamental analysis of economists...