CERTIFICATE OF MERIT

This is to certify that Roll no.13, 36 to 42 has successfully completed project on corporation bank.

CO-ORDINATOR PROJECT GUIDE PRINCIPAL

ACKNOWLEDGEMENTWe have sincerely done the project allotted to us . We would like to thank professor MUKESH KANOJIA . The co- ordinatar for this valuable suggestion and guidance . I also would like to thank BRIAN the student of T.Y.B.M.S. without the help of this person the project would not be possible. It gives me Immense pleasure to present this project B.M.S and would like to share the credit with the team members for this valuable tips in the completion of this project and understanding this concept.

DECLERATIONWe the student of S.Y.B.M.S. of SMT KAMALA

MEHTA COLLEGE OF COMMERCE AND MANAGEMENT here by submit our project on

KINGFISHER AIRLINES. We also declare that this project which has

been the partial fulfilment of the requirement for the degree of BMS of the Mumbai University

has been the result of our efforts

Founded in 1906 in Udupi, Karnataka state, India, is one of the Indian banks in Public Sector Undertaking. The bank was

founded with an initial capital of Rs. 5000 (USD 100), and first day’s canvassed resources of less than one USD 1, has currently (31 March 2004) 11,325 full time employees, and operates from

several branches in India.The Bank is a Public Sector Unit with 57.17% of Share Capital held by the Government of India. The Bank came out with its Initial Public Offer (IPO) in October 1997 and 37.87% of Share

Capital is presently held by the Public and Financial Institutions. The Bank’s Net Worth stood at Rs.3,054.92 crores as on

31 March 2005.The bank has the distinction of the first Indian bank to publish its

financial results (1998-99) conforming to US GAAP.

HISTORY Corporation Bank, the oldest banking institution in the erstwhile

undivided Dakshina Kannada District of Karnataka and one of the oldest banks in India, was founded in 12th March 1906 in the Temple Town of Udupi, by a small group of philanthropists led by Khan Bahadur Haji Abdulla Haji Kasim Saheb Bahadur. The need to start this bank was felt because there was no such facility at Udupi, an important trading centre next to Mangalore in D.K. District. The indigenous banking was largely in the hands of a few rich private individuals and something had to be done to provide relief to the common man from the clutches of the money lenders who held full sway. The first branch of a modern bank established in the district was the Bank of Madras, one of the three Presidency Banks, which set up its office in Mangalore in 1868 largely to cater to the business needs of a few British firms dealing in export of plantation products. Its agent used to visit Udupi once a fortnight or so, to do banking. Money remittances had to be made only through postal medium.

Major recognitions One of the Best 200 companies worldover outside the US having a

turnover under a billion US$ - Forbes Global, Hong Kong, issue dated 27 October 2003

India’s Best Public Sector Bank - Business Today - KPMG Survey dated 7 December, 2003

India’s Strongest and Asia’s Second Strongest - The Asian Banker, Singapore dated 15 December 2003

India’s Best Public Sector Bank - Outlook Money , 15 March 2004 One among the Best 200/100 companies in Asia/Pacific and Europe

having turnover under a billion US $ - Forbes Global, Hong Kong dated 1 November 2004

One among India’s Best Public Sector Banks - Business Today, 26 February 2006[6]

•

Ratings• CRISIL has re-affirmed the following programme of

Corporation Bank:• Rs.2 billion Bond issue AAA • Certificate of Deposits Programme P1+ • Fixed Deposit Programme FAAA[4]

Completes a 100yrs of banking Corporation Bank completed 100 years of existence on 12 March 2006. The Centenary celebrations were

launched by Shri V. Leeladhar, Deputy Governor, Reserve Bank of India with the Bank's Foundation Day lecture on 12 March 2005.

As a part of the Bank's centenary celebrations, a number of programmes and projects were planned and executed. As a first step, the Bank has launched the Corp Kissan Card - debit card tied up with VISA international,, to enable the farmers make timely purchases for agricultural operations.at Yeshwantpur-Malur in Kolar District on 13 March 2005. A modern public library was dedicated to the citizens of Mangalore in DK District, the birth place of the Bank by Shri P. Chidambaram, Hon'ble Union Finance Minister on 2 March 2006. The library building also houses a Numismatic Museum and a multi purpose hall for intellectual activities. The Bank has also set up libraries in 25 villages and given away scholarship to 100 meritorious students of such villages for the pursuit of their higher education. Such libraries will be set up in 75 more villages in a phased manner. Corporation Bank - A Corporate Journey , the history of the Bank and Haji Abdullah Saheb a biography of the Bank's Founder President have been published on the occasion of the valedictory function of the Bank's Centenary Celebrations. [3]

Awards won• National Award for Assistance to Exporters from the President of India (1976-77) • Gem & Jewellery Export Promotion Council Award successively for 5 years from

1981 to 1985 • Shiromani Award 1992 for Banking from Union Minister for Commerce • Best Bank Award for Excellence in Banking Technology from Institute for

Development and Research in Banking Technology (IDRBT), Hyderabad (2001) • Best Bank Award for Innovative Usage and Application on INFINET (Indian

Financial Network) from Institute for Development and Research in Banking Technology (IDRBT), Hyderabad (2002)

• Best Bank Award for Delivery Channels from Institute for Development and Research in Banking Technology (IDRBT), Hyderabad (2003)

• Runner-up Awards in the “Best Online and Multi-channel Banking Team” and “Outstanding achiever of the year-corporate” categories in recognition of outstanding achievement in Banking Technology for 2004, instituted under the aegis of Indian Banks Association and Trade Fairs & Conferences International.[5]