Loans Offered by Nagrik Sahkari Bank

7/27/2019 Loans Offered by Nagrik Sahkari Bank

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Loans offered by nagrik sahkari bank

Guided by :

Ms.aupama goswami

Prepared by:

Nimavat mayuriJagruti solanki

Kkpims amreli



banking

Bank A financial institution that is licensed to deal with money and its substitutes by accepting timeand demand deposits, making loans. The bank generates profits from the difference in the interestrates charged and paid.

The development of banking is an inevitable precondition for the healthy and rapid development of thenational economic structure.

Service offered by bank

Checking/Current account Savings accounts Internet/Mobile Banking ATM Cards Check Books

Deposit Accounts Loans Credit Cards etc. Bill Payment Shopping Ticket Booking Prepaid Mobile Services



Establishment of banking in india

The Businessmen called Shroffs, Seths, Sahuk ars, Mahajans, Chettis etc. had been carrying on the business of banking since ancient times.

The origin of western type commercial Banking in India dates back to the 18th century

The story of banking starts from Bank of Hindusthan established in 1770 and it was first bank atCalcutta under European management

banks were set up under charters from the British East India Company- Bank of Calcutta, Bank of Bombay and the Bank of Madras. These worked as quasi central banks in India for many years

So this bank is called India's First Truly Swadeshi bank.



Banking system inIndia

Rererve bank of india

Commercial bank Scedule bank

Cooperative bank

Foreign bank

Rural bank

Private banks

Publicsector bank

Urbanco

operativ

e banks

State cooperative

banks

others



Current scenario

Private sector Banks have pioneered internet banking, phone banking, anywhere banking, mobile banking, debit cards, Automatic Teller Machines (ATMs) andcombined various other services and integrated them into the mainstream banking arena

In order to sustain the business growth amid highly competitive market andslowing Indian economy, banks are likely to expand in the overseas market.

They will try to tap emerging opportunities by expanding into newer markets suchas Africa, former Soviet region and other South East Asian countries, in which Indiahas maintained good trade relations.



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The state government has declared that the annual rate of intereston general provident fund and other similar accounts will be 8% in

the financial year 2010-11.

Government of India had formulated a scheme for extendingfinancial assistance at concessional rate of interest of 4% toselected low income groups



Introduction of co operative bank

India finance urban areas under:

Self-employed. Industries. Small scale unit.

Home finance. Consumer finance. Personal finance.

India finance urban areas under: Self-employed. Industries. Small scale unit. Home finance. Consumer finance.

Personal finance.

“ A Co-operative is an independent association of a persons united voluntarily to

meet their common economic, social and cultural needs and aspiration through

a jointly owned and democratically controlled enter price.”



Eye view of ansb

Name of the unit : Amreli Nagrik Sahakari Bank Ltd.

Establishments Year : 1964.

Form of organization : Co-operative one.

Registration No. : 8905.

Bank AddRress : Keriya Road“Nagrik Bhavan” Amreli.

Working Hours : Monday to Friday. = 8a.m. to 4:30 p.m.

Saturday. = 8 a.m. to 3 p.m.

Accounting Year : April to march.

Audit Class : One.

Competitors : Amreli jilla madhayastha sahakari bank ltd.



Introduction of ansb

Amreli Nagrik Sahakari Bank has received an „in-principle‟ approval from the ReserveBank of India (RBI) to set up a bank in the cooperative sector, in 1964 during the periodof nationalization of the Indian banking sector in India.ANSB ltd.was incorporated in july , 1964 in the name of „ Amreli Nagrik Sahkari Bank Limited‟, with registered office in Amreli, india

ANSB ltd. Conducts retail banking services. The objectives of the retail banking businesssegment is to provide a full range of financial products and services. Its operationthrough three core business segment, which include; deposits, Advances other services.



Mission

The mission of ANSB Ltd. Is to provide the best customer services and productinnovation, with continuous up degree with pace of time and technology. Efficiency andeffectiveness built on ethical practices.



goals

Develop close relationship with individual.

Maintain its position as the premier housing financeinstitution in the amreli.

Transform ideas into practical and creative solutions.

Grow through diversification by leveraging off theexisting client base.



objectives

Build Sound And Close Relationship With The Individual

To Achieve A Healthy Growth In Profitability

Steady With The Bank‟s Risk Desire.

Ensuring The Highest Level Of Ethical Standards

Professional Honesty



Various departments

Finance department

Operation department

Marketing department

Human resource departments



Operation mgt

The product / service offering is amont the most crucial elements inmarketing of banking services

SERVICE GIVEN TO THE CUSTOMER:- clearing service Current account Saving account Fix deposit account Clearing service Insurance service

Mobile banking service Draft facility at all over India Locker facility

loan servic



Tqm manage by ansb

customer focus leadership involvement of people

process approach system approach to management continual improvement

factual approach to decision making mutually beneficial supplier relationship



Human resorce mgt

Hours of work:-

Normally 12 hours, but subject tocompletion target

Working in shift:-

Normally there are four shifts into.

1st shift is 8:00 A.M. to 3:00 P.M.

2nd shift is 10:00 A.M to 5:00 P.M.

3rd shift is 11:00 A.M. to 6:00 P.M.

4th shift is 1:00 P.M. to 8:00 P.M.

Weekly off:- Saturday: Half Day Sunday: Off

Pay & salary:-

Provident fund, Loan, savings are

deducted from salary

Scheme:-

Provident fund

Pension Life insurance of

employees



Welfare activity

organized library in which newspaper, magazine and books relating to Banking.

Leave

Life insurance is given to the employees at Rs. 50000

include retirement benefits, gratuity, provident fund, and pension plan, Transfer Townshipetc.



Marketing managment

Ansb offer different types of loans & deposit shcems

SAVING ACCOUNT

MICR (magnatic ink character reader) check book facility.

Sms facility.

Check book facility possible when a/c balance rs.1000.

A/c holder„s id proof & living proof & other person‟s .

Interest rate 3. 5%.

CURRENT ACCOUNT

Current account is primary mint for businessmen, firms, companies, public enterprise,etc. that have numerous daily banking transactions



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FIXED DEPOSITS

Duration interest rate(%)

30-45 days 5 % 46-89 days 6 %

90-179 days 7%

180days – 1 year 8 %

1-3 year 8.5 %

More than 3 year 9.50 %



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RECURRING DEPOSITS

The recurring deposit in bank is mean for someone who want to invest a specific some of money on a monthly basEasy process to open an account.

Quick and timely service.

Maturity deposit at attractive interest rates.

Maturity Convenient period.

is for a fixed rate of return

Will be open for at least 12 months or more.

At least Rs. 50 need for open account



Swot analysis

S = STRENGTH

The Bank is having very good reputation among thegeneral public.

As the district is mainly agriculture based

The staff and the management of the bank areresiding in the same district

As this is a co-operative bank people feel this bank astheir own bank.

Customer high relationship



swot

W = WEAKNESS

Lack of adequate marketing techniques.

Dependency on government

Less modern operating system Lack of quick service

Lack of customer integrity



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O = OPPORTUNITIES

As The Bank Has A Very Good Customer Base, It Can ExpandTheir Business Without Much Investment.

This Bank Can Open Branch Or Open Extension Counters AtThese Potential Areas.

As The Customers Are The Real Beneficiaries, The Bank CanEducate And Attract The General Public To The Bank.

Micro Finance Loans, Group Loans, Etc. Are Much AttractedBy The Poor And Middle Income People And Bank Can MoreIn This Field.

Mechanization And Modernization Can Lessen The Cost AndTheir By It Can Reduce The Overall Cost Of The Organization.



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T = THREATS

. Emergence of other banks with modern facilities is the major

challenge faced by the bank. The cut throat competition in the banking scenario is another major

factor which pulls the bank into back door. Government and political interference are often against the banking

policy and it makes loss. Staff posting is not on the basis of work volume, but on staff

strength in the past. This leads to overstaffing.

L



Loans

Loans means the amount given to the borrower agaist sequrity & facitly charge as interest

rate duducted from the borrower a/c

Types of loans

Secured loan

Unsecured loan



Loans offers by ansb

Securities loans (for working)

Securities on loans

Hypothetic loan

Personal loan FD against loan & industrial loan

Machinery loan

Medical equipments loan

Industrial loans

Gold loan Property against loan

others



In detail

Securities loan (for working personal)

Person have to present salary receipts & document

For satisfy middle class family „s money requirement

Securities on loans

Loan against government securities

Loans against cash credit

Cheque against loans

Hypothetical loan Offer to share holder for purpose of business establishment

Person have to represent 2 years balance sheet data for it

Rebate 1%

Loan a/c renewable every year



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Personal loan

Offer to any personal facilitate by their conditions

Considering paying capacity of credit

FD against loan 85% loan amount given of total FD

Loans against kishan vikas patra

2% rate charged more than fd rate

Machinery loan

Any type of machinery loans Offered on the basis of balance sheet credit

amount

Machinery or property against machinery at present value



Medical Equipment Loans

This type of loans offers to the medial practitioner

For the purpose of new equipment purchases

Modern equipments facility

Industrial Loan

Offers to factory or industry to establishment purpose

Credit data have to represent

Inventory against loan Any machinery or government or receivable bills against loans provided



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GOLDLOAN

.

10 gram gold against 9500rs loans

For middle class family short term money facility without selling gold ornaments

LOAN AGAINT PROPERTY

ANBS Ltd. Provides you loan against property (LAP). You can now take a loan agent your residential or commercial property

Other loans

as per the security balances

bank facility to recover credit



description

loans Securities loans (working personal)

Securities loans

Hypothetical loans

Property against loan

Gold loan Personal loan

Others

loans Int rate Maxi amt Duration limit

Securities loans (w

orking personal) 16% 50000 36 month

Securities loans 16% 20000 36 month

Hypothetical loans 15 to 16% 17 lakh Renew every year

Property against

loan

15% - 10 years

Gold loan 13% - 2 years

Personal loan 15.5% - -

Others 15% -

Loans Offered by Nagrik Sahkari Bank

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