BASAVESHWAR ENGINEERING COLLEGE

DEPARTMENT OF MANAGEMENT STUDIES

PRESENTED BY;

MANJU.P.MUDIYANNVAR

CONTENTS

BANK MEANING

ABOUT THE AXIS BANK PROFILE

NEW TECHNOLOGY ADOPTED BY AXIS BANK

BENEFITS TO BANK

BENEFITS TO CUSTOMERS

CONCLUSION

BANK MEANING

A banker or bank is financial institution who’s primary activity is to act as a

payment agent for customer’s and to borrow and lend the money.

HISTORY OF THE BANK

The first modern bank was founded in Italy in Genoa in 1406 it’s name was Bank of

George.

FUNCTION’S OF BANK

Accepting deposit from public deposits'/other deposits.

Lending money to public (loan).

Transferring money from one place to another place.

acting as a Trustees.

Government business.

Keeping valuables in safe custody.

FACTS AND FIGURES OF INDIAN BANKS SECTOR

Indian banking sectors as 6th rank in the all over the world.

SBI has 6500 + ATM all over the world.

AXIS bank has 3500 + ATM all over the country.

Transaction down through ATM’s around 70,000crore in a year.

RESERVE BANK OF INDIA

Commercial banks Co-operative Banks

Private Banks (31)

Old banks (23)

New Banks (8)

Public sector Banks (27)

SBI and Associations (8)

Nationalized Banks (19)

Urban-co-operative (52)

STATE co-operative banks (16)

Type Public

Industry Banking, Financial service

Founded 1994

Headquarters Mumbai, India

Key people Adarsh Kishore Chairman , Shikha Sharma MD & CEO

Products Credit cards , consumer banking ,corporate banking , finance

and insurance , investment banking ,mortgage loans , private

banking ,private equity , wealth management.

Employees 21,640 (2010)

Website www.axisbank.com

ABOUT THE AXIS BANK PROFILE

NEW TECHNOLOGY ADOPTED BY AXIS BANK

AXIS BANK

ADOPTED NEW

TECHNOLOGYE’S

PLASTIC MONEY

MOBILE-BANKING

E-BANKING

Electronic data

interchange (EDI)

Plastic money is the alternative to the cash

or the standard 'money' we use and is referred to

the credit cards or the debit cards that we use to

make purchases in our everyday life.

PLASTIC MONEY

DIFFERENT TYPES OF CARDS:

1. Credit Card

A credit card is plastic money that is used to pay

for products and services. ; you will pay this 'loan'

back to the institution at a later date.

2. Debit Card (My favorite!) Debit cards are

substitutes for cash or check payments, much the

same way that credit cards are total amount

charged is instantly reduced from your bank

balance.

4.Smart Card - A smart card contains an

electronic chip which is used to store cash.

This is most useful when you have to pay for

small purchases, for example bus fares and

coffee.

CONT……

MOBILE BANKING

Taking advantages of the booming market for

mobile phones and cellular services, several

banks have introduced mobile banking which

allows customers to perform banking

transactions using their mobile phones.

E-BANKING

E-Banking is becoming increasingly popular among

retail banking customers. E-Banking helps in cutting

costs by providing cheaper and faster ways of

delivering products to customers.

1.Electronic funds transfer -

Electronic funds transfer (EFT) is the electronic exchange or transfer of money from one

account to another, either within a single financial institution or across .

2.Electronic Clearing Service-

ECS (Credit) is used for affording credit to a large number of beneficiaries by raising

a single debit to an account, such as dividend, interest or salary payment.

BENEFITS TO BANK Large satisfied customer.

Scope to attract the new customers.

Improve quality and different services.

Greater opportunity to cross sell.

Reduce overall risk with proper MIS.

BENEFITS TO CUSTOMER Time and energy save.

Better awareness of products and services.

Up-to-date information on account.

Low cost of accessing the account.

CONCLUSION

From this presentation I came to know that how technology help to

reduce the work in banking sector and helpful to customers save

there time and money.