Credit Appraisal

Topics: Debt, Loan, Interest Pages: 7 (1885 words) Published: June 21, 2013
SHAH & ANCHOR KUTCHHI ENGINEERING COLLEGE DEPARTMENT OF MANAGEMENT STUDIES

PROJECT SUBMITTED ON: 25/05/2013

PROJECT SUBMITTED BY: AKSHAYA.U.BHADALKAR

ROLL NO: 1

COMPANY NAME:

BANK OF INDIA

PROJECT REPORT ON: CREDIT APPRAISALS

1

GENERAL INFORMATION ABOUT THE BANK

Bank of India was founded on 7th September, 1906 by a group of eminent businessmen from Mumbai. The Bank was under private ownership and control till July 1969 when it was nationalised along with 13 other banks.

Beginning with one office in Mumbai, with a paid-up capital of Rs.50 lakh and 50 employees, the Bank has made a rapid growth over the years and blossomed into a mighty institution with a strong national presence and sizable international operations. In business volume, the Bank occupies a premier position among the nationalised banks.

The Bank has 4293 branches in India spread over all states/ union territories including specialized branches. These branches are controlled through 50 Zonal Offices. There are 29 branches/ offices (including five representative offices) and 3 Subsidaries and 1 joint venture abroad.

The Bank came out with its maiden public issue in 1997 and follow on Qualified Institutions Placement in February 2008. . Total number of shareholders as on 30/09/2009 is 2,15,790.

While firmly adhering to a policy of prudence and caution, the Bank has been in the forefront of introducing various innovative services and systems. Business has been conducted with the successful blend of traditional values and ethics and the most modern infrastructure. The Bank has been the first among the nationalized banks to establish a fully computerised branch and ATM facility at the Mahalaxmi Branch at Mumbai way back in 1989. The Bank is also a Founder Member of SWIFT in India. It pioneered the introduction of the Health Code System in 1982, for evaluating/ rating its credit portfolio.

The Bank's association with the capital market goes back to 1921 when it entered into an agreement with the Bombay Stock Exchange (BSE) to manage the BSE Clearing House. It is an association that has blossomed into a joint venture with BSE, called the BOI Shareholding Ltd. 2

to extend depository services to the stock broking community. Bank of India was the first Indian Bank to open a branch outside the country, at London, in 1946, and also the first to open a branch in Europe, Paris in 1974. The Bank has sizable presence abroad, with a network of 29 branches (including five representative office) at key banking and financial centres viz. London, Newyork, Paris, Tokyo, Hong-Kong and Singapore. The international business accounts for around 17.82% of Bank's total business.

ACCORDING TO THE BANKS FINACIAL STATEMENT OF 31.03.2012

DEPOSITS ARE: 318215 CRORES ADVANCES ARE: 251494 CRORES EARNING PER SHARE IS (RS): 48.98 BOOK VALUE PER SHARE IS (RS): 326.52 NET PROFIT: 2678 CRORES

3

MISSION AND VISION STATEMENT

VISION: TO BECOME THE BANK OF CHOICE FOR CORPORATES, MEDIUM BUSINESS AND UPMARKET RETAIL CUSTOMERS AND DEVELOPMENTAL BANKING FOR SMALL BUSINESSES, MASS MARKETS AND RURAL MARKETS.

MISSION: TO PROVIDE SUPERIOR, PROACTIVE BANKING SERVICE TO NICHE MARKETS GLOBALLY, WHILE PROVIDINGCOST EFFECTIVE, RESPONSIVE SERVICE TO OTHERSIN OUR ROLESAS A DEVELOPMENT BANK, AND IN DOING SO, MEET THE REQUIREMENTSOF OUR STAKEHOLDERS.

QUALITY POLICY: WE, AT BANK OF INDIA, ARE COMMITED TO BECOMETHE BANK OF CHOICE BY PROVIDING SUPERIOR, PRO ACTIVE, INNOVATIVE,STATE-OF-ART, BANKING SERVICES WITH AN ATTITUDE OF CARE AND CONCERN FOR THE CUSTOMERS AND PATRONS.

4

PRODUCTS AND SERVICES :
THERE ARE PRODUCTS FOR DIFFERENT CATAGORIES OF CUSTOMERS.

CORPORATE CUSTOMERS: 1] CASH MANAGEMENT SERVICES:A cash management product specifically for Corporate Customers, which offers fast track cheque collections, speedier release of funds and profitable funds management, at a reasonable cost. 2] PROJECT FINANCE AND SYNDICATION SERVICES:

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