Credit Appraisal Process

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ACKNOWLEDGEMENT
A journey is easier when we travel together. Interdependence is certainly more important than independence. It will always be my pleasures to thank those who have helped me in making this project a lifetime experience for me. I would like to express my heartiest gratitude to Bank of India, for giving me an opportunity to work with its Main Branch situated at Civil Lines, Allahabad, in the Department of Loans and Advances, my Institute and important persons associated with this project as without their guidance and hard work I would have never ever have got a chance to have real life experience of working with a Public Sector Bank of such a great repute and learn practically about the Credit Appraisal Process. I would also like to extend my gratitude to Mr. Krishna Kumar Nigam (Chief Manager, Allahabad Branch) for giving me an opportunity to join him to know and learn various aspects of the Loans and Advances in the organization. It is my privilege to thank Mr. B. C. Sharma (Industry Guide & Chief Mentor) whose guidance has made me learn and understand the finer and complicated aspects of banking, in general and of Credit Appraisal Process, in particular. The help and guidance which he has extended to me has made me feel as being an integral part of the organization. My heartiest gratitude extend to my faculty Mr. Moin Uddin who has helped me in every aspect of my work. The greatest credit goes to the blessings bestowed upon me by Almighty God without whose yearning; I could not have even moved a step forward and to my parents who are always a constant source of inspiration in all my endeavors. Nazia Safi.

PREFACE
Summer training is an integral part of our academic curriculum. During the training a student gets an opportunity to set the practical aspects of theory. Theory makes the concept clear. I feel great pleasure in submitting this piece of work as my summer training project, taken from Bank of India, Allahabad. I hope that this work will provide fruitful result in the eyes of the reader. It is hence expected that creating of this shall benefit the reader in all aspects. The project deals with nearly all the aspects of Banking Industry and the essence of Know Your Customer Norms. I have tried my best to cover nearly all the aspects related to Credit Apparaisal of Bank of India. The working title of the project is “CREDIT APPRAISAL PROCESSS”. It is done in a very cordial manner. This research is an attempt to present a report on account of little practical knowledge. In my opinion, the readers will be satisfied with the project in all ways. I guarantee the original work and authenticity of this.

TABLE OF CONTENTS
S.NO.PARTICULARSPAGE NO.
1CERTIFICATES1
2ACKNOWLEDGEMENT3
3PREFACE4
4TABLE OF CONTENTS5
5EXECUTIVE SUMMARY8
6BANK11
7ORGANISATIONAL PROFILE
BANK OF INDIA13
8HIGHLIGHTS FOR THE YEAR ENDED
MARCH 31, 200917
9BORD OF DIRECTORS19
10CLIENTS OF BANK OF INDIA FROM PUBLIC SECTOR20
11

a)
b)
c)DEPOSIT SCHEMES OF BANK OF INDIA
Savings Bank Scheme
Current Deposit Schemes
Term Deposit Schemes21

21
22
23
12

a)
b)
c)

d)LOAN SCHEMES OF
BANK OF INDIA
Retail Loans
Agricultural Loans
Discounting Future Cash Flows
Small And Medium Enterprises24

24
33
37

38
13SWOT ANALYSIS OF BANK OF INDIA39
14
a)
b)
c)CREDIT APPRAISAL
Defining Credit Appraisal
Stages Of Credit Appraisal
Process Of Credit Appraisal41
42
47
49
15CREDIT POLICY53
16CREDIT THRUST57
17CREDIT DELIVERY59
18COLLATERAL...
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