Credit Appraisal
INTERNSHIP OBJECTIVES
1. To understand the business and competitive environment of ING Vysya Bank
2. To analyze and understand the financial position of ING Vysya Bank viz – a – viz competitors.
3. To study the Agri Business Banking Department of ING Vysya Bank and its practices.
4. To assess procedures available for Agricultural credit rating.
ABSTRACT
I did my summer internship in ING Vysya bank. It was a Agriculture and rural banking department and it is located at JK towers Amritsar,punjab. On the first day I met the branch manager of the bank MR.Ramneeksingh. He assigned me my mentor Mr. sawindersingh who was the relationship manager of the Agriculture and rural banking division of ING Vysya. In the first week he gave me two files of the company which he himself completed.Reading those files I learnt how banks give loans, what are the important documents needed to get the sanction letter. I went through all the documents as the documents were agricultural and land based.. On the second week I started interacting with customers or farmers who use to come for agricultural loans. I along with the help of my mentor use to tell them about the loan procedures, documents required, percentage of security to be mortgaged against the particular amount of loan.On a daily routine , my time was divided. From 10:30 to 2 pm to attend customers. After lunch I used to meet all those people who have approved and would like to meet me. After meeting them I used to come back to my office and had to report to my mentor.
The key learning that I learnt was the fact that I saw the real corporate world. What is the pressure that each employee faces each day. I was working in a professional working environment with professional working people. This was my real learning. Apart from that I worked on real projects, learned how banks gives business loans to there customers. I also learnt how to communicate with different types of clients. Working on the real time
1. To understand the business and competitive environment of ING Vysya Bank
2. To analyze and understand the financial position of ING Vysya Bank viz – a – viz competitors.
3. To study the Agri Business Banking Department of ING Vysya Bank and its practices.
4. To assess procedures available for Agricultural credit rating.
ABSTRACT
I did my summer internship in ING Vysya bank. It was a Agriculture and rural banking department and it is located at JK towers Amritsar,punjab. On the first day I met the branch manager of the bank MR.Ramneeksingh. He assigned me my mentor Mr. sawindersingh who was the relationship manager of the Agriculture and rural banking division of ING Vysya. In the first week he gave me two files of the company which he himself completed.Reading those files I learnt how banks give loans, what are the important documents needed to get the sanction letter. I went through all the documents as the documents were agricultural and land based.. On the second week I started interacting with customers or farmers who use to come for agricultural loans. I along with the help of my mentor use to tell them about the loan procedures, documents required, percentage of security to be mortgaged against the particular amount of loan.On a daily routine , my time was divided. From 10:30 to 2 pm to attend customers. After lunch I used to meet all those people who have approved and would like to meet me. After meeting them I used to come back to my office and had to report to my mentor.
The key learning that I learnt was the fact that I saw the real corporate world. What is the pressure that each employee faces each day. I was working in a professional working environment with professional working people. This was my real learning. Apart from that I worked on real projects, learned how banks gives business loans to there customers. I also learnt how to communicate with different types of clients. Working on the real time
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