Business studies

Project
Banking

submitted to: gagandeep sir

Submitted by: Rehaan Arora

Roll no. 12

School name: o p Jindal modern school

 Acknowledgement
I WOULD LIKE TO CONVEY MY SINCERE THANKS
TO gagandeep sir .MY BST TEACHER WHO
ALWAYS GAVE ME VALUABLE SUGGESTIONS
AND GUIDANCE DURING THE PROJECT. HE HAS A
SOURCE OF INSPIRATION AND HELPED ME
UNDERSTAND AND REMEMBER IMPORTANT
DETAILS OF THE PROJECT. HE GAVE ME AN
AMAZING OPPORTUNITY TO DO THIS WONDERFUL
PROJECT 'Banking. I ALSO THANK MY PARENTS
AND FRIENDS FOR THEIR HELP AND SUPPORT IN
FINALIZING THIS PROJECT WITHIN THE LIMITED
TIME FRAME.

Rehaan Arora
 Certificate
THIS IS TO CERTIFY THAT I Rehaan arora OF
CLASS 11D HAS SUCCESSFULLY COMPLETED THE
bst PROJECT ON Banking . AS PER THE
GUIDELINES OF CLASS 11 BOARD EXAMINATION
CONDUCTED BY CBSE

TEACHER'S SIGNATURE: ______________

TEACHER'S NAME: ________________

 Project on: banking
s.no. info Page no.
1 Acknowledgement 1
2 Certificate 2
3 introduction 3
4 Types of bank 4-5
5 Types of accounts 6
6 Bank services 7
7 e-banking 8
8 Bank of baroda 9-11
9 includes 12-13
10 sponsered 14-15
11 bibliography 16
 What is bank?
A bank is an institution which attracts money on
deposits for purpose of being lent to industry or
trade. Bankers are not merely moneylenders. A
bank lends what it borrows from others. A bank is
buyer and seller of money. A bank earns a margin of
profit by lending money which it borrows.

According to Indian Banking Regulation Act 1949

Banking Means

"Accepting deposits of money from the public for the

purpose of lending or investments."

Categories of Banks

■Commercial Banks

■Cooperative Banks

■Specialised Banks

■Central Banks
 Types of banks
Commercial Banks
Commercial Banks are governed and regulated by Indian Banking
Regulation Act 1949 and according to it banking means accepting
deposits from public for the purpose of sending investment.

There are two types of commercial Banks:

Public Sector Banks: The Banks in which major shareholding or stake

is with government are known as public sector banks. Due to control
of government these banks give priority to service motive as
compared to profit motive.

Private Sector Banks: These Banks are owned, managed and

controlled by private promoters They are free to take decisions and
frame policies according to market forces. Many private sector
banks get the support of financial institutions such as IDBI, ICICI, HDFC,
etc.

Cooperative Banks
These banks are governed by provisions of State Cooperative
Societies Act and are formed to provide loan and advances to its
members on easy terms. These are important sources of rural credit
also.

Cooperative Banking is retail and commercial banking organised on a

cooperative basis cooperative Banking institutions take deposits and
lend money in most parts of the world.
It includes retail banking carried out by credit unions, mutual savings
banks, building societies and cooperatives, as well as commercial
banking services provided by mutual organisation. Specialised Banks

Specialised banks

These Banks are formed to cater to specify needs of Industries,

export units. These are foreign exchange Banks, Industrial
Development Banks, Export Import Banks, etc.

Cooperative Banking is retail and commercial banking organised on a

cooperative basin Cooperative Banking institutions take deposits and
lend money in most parts of the world.

It includes retail banking carried out by credit unions, mutual saving

banks, building societies and cooperatives, as well as commercial
banking services provided by mutual organisations

Central Banks

Central Bank of any country controls, regulates and supervises the

activities of commercial banks. It is known as banker of banks,
Government's Bank. It controls all the credit policy of the country.
Reserve Bank of India is the Central Bank of India.

A Central Bank, reserve bank or monetary authority is a public

institution that manage a state currency, money supply and interest
rates. Central banks also usually oversee the commercial racial
banking system of their respective countries.
 Types of accounts

Saving Deposit Account: A person can open a saving deposit

account by depositing a small sum of money. He can withdraw the
money whenever needed and can deposit whenever surplus is
available.

Current Deposit Account: Current deposit accounts are opened by

businessmen. The account holder can deposit and withdraw money
whenever desired.

Recurring Deposit Account: A Depositor can deposit a fixed

amount say 100 every month for a fixed period the amount
together with interest is repaid on maturity

Fixed Deposit Account: A fixed deposit is repayable Cong banks

on after the expiry of the specified period. The rate of interest
in fixed deposit is highest.

Multiple Option Deposit Account: This account after multiple

options to depositors. This account can be combination with
Saving A/c or Current A/c.
 Bank’s services

Bank Draft :This is a cheque drawn by one against funds deposited into
its account at another bank, authorising the second bank to make
payment to the individual whose name is written on the draft. It is a
financial instrument through which money can be remitted from one
person to another. A bank draft can be obtained from a bank after
depositing the required amount in the bank.

Banker's Cheque (Pay order): This is a document which instructs a bank

to pay a certain sum of money to a third party. Such orders are
normally acknowledged by bank which provides a guarantee that the
payment will be made. It is a kind of bank draft which is payable
within the town so it can be called as local bank draft.

Real Time Gross Settlement (RTGS): RTGS are funds transfer system
where transfer of money or securities takes place from one bank to
another on a "real time" and on "gross" basis. "Settlement in real time"
means payment transaction is not subjected to any waiting period.

national Electronic Fund Transfer (NEFT):Under this, the fund is

directly transferred from one account to another. Direct transfer
helps both the parties from inconvenience of drawing cheques,
depositing cheques, etc. The key difference between NEFT and RTGS is on
gross settlement basis whereas NEFT is Net Settlement basis.

e-banking
With the help of computerised banking, Banks offer some electronic
services which are

Electronic Fund Transfer (EFT): Under EFT the fund is directly

transferred from one account to other. Generally employer
transfers the wages and salary of employees from company's
account to the individual accounts of employees

Automated Teller Machine (ATM): The person who makes payments and
accepts deposits in bank is known as Teller. The ATM refers to
mechanical and automatic Teller which can do a Teller's job
twentyfour hours a day at less than half the cost of human tellers.

Debit Card: It is a facility offered to account holders to make

payment up to the amount of credit balance in their account. The bank
automatically transfers fund from customer's account to the biller's
account when the customer types the required information.

Credit Card: Credit Card is like a bank account without having

balance in it. It enables the cardholders to have overdraft facility
up to a fixed limit depending upon the credit-worthiness of the party.
Credit is substitute of cash. It is a plastic card with the signature
identity of the owner.
 bank of Baroda

about
Bank of Baroda is the highest profit making public sector undertaking
(PSU) bank in India and the second largest PSU bank in terms of number
of total business in India. Based in Vadodara, India, it is the country's
first largest public sector lender in terms of annual profit. Bank of
Baroda is ranked 715 on Forbes Global 2,000 list. Bank of Baroda has
total assets in excess at 3.58 lakh crores, or ₹3,583 billion a network
of 4007 branches and offices and over 2,000 ATM's. It plans to open 400
new branches in the coming year. It offers a wide range of financial
products.

Founder
Maharaja of Baroda

h.h. sir sayajirao gaekwad iii,

one of the knights of the Maratha kingdom, founded the bank on July
20,1908 in the princely state of Baroda, in Gujarat.

Subsidiaries
Bank of Baroda Capital Markets (BOBCAPS) is a SEBI-registered
investment banking company based in Mumbai, Maharashtra. It is a
wholly owned subsidiary of Bank of Baroda. Its financial services
portfolio includes initial public offerings, private placement of
debts, corporate restricting, business valuation, mergers and
acquisition, project appraisal, loan syndication, institutional equity
research, and brokerage

Revenue

345.88 billion (US$ 6.3 Billion)

Net Income

52.48 billion (US $ 955.14 million)

Total Assets

4.574 trillion (US $ 83,25 billion)

Financials 2012

Sales 24,695 crores

Profit 5,006 crores

Assets 23,58,397 crores

Payment Mechanism
Through Cheque The online seller may send his representative to pick
up cheque from the buyer.

Net Banking Transfer Bank of Baroda provides facility of electronic

fund transfer (EFT) over the net. The buyer can transfer funds from
his account to the seller's account.

Credit or Debit Card These cards are most commonly used medium of
online payment 95% of online payments are made through credit cards.
The credit card number provided by a customer should be a valid one.

The funds should be available in the credit card account of the customer.

Manipal Postgraduate Diploma in Banking and

Finance
Bank of Baroda and Manipal University have established the Baroda
Manipal School of Banking, which offers a postgraduate diploma in
Banking and finance (PGDBF) from Manipal University. Entry will
require passing a written test and a subsequent group discussion and
personal interview. Successful graduates will join Bank of Baroda as
management trainee or specialist officers. Life Insurance company is
a joint venture between two of India's Public sector banks-bank of
Baroda.

Affiliates
India's First Life Insurance Company is a joint venture between two of
India's public sector banks-Bank of Baroda (44%) and Andhra Bank
(30%) and UK's financial and investment company legal and General
(26%).

It was incorporated in November 2009 and has its headquarters in

Mumbai. The company started strongly, achieving a turnover in excess
of 200 crores in its first four and half months, and being recommended
for ISO certification within 7 months
Includes
Bank of Baroda is one of the leading commercial banks in India. It
includes: Personal banking which includes deposits Gen next services,
business banking which includes deposits Retail loans, loans and
advances, Credit cards,
Corporate Banking, Deposits,
debit cards, wholesale
banking, services and
lockers, loans and advances
and services and
international business which
includes non resident Indian (NRI) services foreign currency credits,
ECB, offshore banking, export finance, import finance correspondent
banking, trade finance and international treasury.
SERVICES AND FACILITIES
The Bank offers services such as:

Domestic Operations and Forex operations.

They also offer rural banking services which include deposits,

priority sector advances remittance, collection services, pension and
lockers. They offer fee-based services such as cash management and
remittance services.

The facilities provided by Bank of Baroda are:

■SME Loan

■Kharif Loan

■Education Loan

■home Loan/Car Loan

NOW, EVERY CORNER OF THE

WORLD WILL FEEL THE

PRESENCE OF OUR BUSINESS.

Branch
In the year 1910, they opened their first branch in the city of
Ahmedabad. In the year 1919, they opened their first branch in the city
of Mumbai.

In the year 1953, they opened the first international branch at

Mombasa, Kenya. During the period 1953-1969, the bank opened three
branches in Fiji, five branches in Kenya, three branches in Uganda and
one each in London and Guyana.

Merged
The Hind Bank merged with the Bank and in the year 1962, The new
Citizen Bank amalgamated with the Bank.

The Umargaon Peoples Bank and Tamil Nadu Central Bank

amalgamated with the Bank In July 1969, the Bank was nationalised
and the name was changed from "The Bank of Baroda Ltd' to 'Bank of
Baroda

They entered in the old rich Gulf countries in the year 1974 opened in
UAE, one at Dubai and another at Abu Dhabi.

Gold coin
Sponsored
■in the year 1976, the Bank sponsored the first of their 19 Regional
Rural Banks, thereby seeking to compliment their operations in rural
heartland

■In the year 1977, they launched Gram Vikas Kendra (GVK), an
innovative model for integrated rural development.

■In the year 1984, the Bank launched their credit card operations. In
the year 1988, The traders Bank Ltd. amalgamated with the Bank.

Capital market
■In December 1996, the bank entered the capital market with an
initial public offering.

■In the year 1997, they opened a branch in Durban. In the year 1999,
Bank commenced operations as a depository.

■Also, Bareilly Corporation Bank amalgamated with the Bank during

the year.

■In the year 2,000, the Bank opposite Arthur Andersen India Pvt. Ltd.
As Risk Management Consultant for setting up a comprehensive Risk
Management Architecture for the Bank

Established subsidiaries
In the year 1991, the Bank established their housing Finance
Subsidiary, Bank of Baroda Housing They also established subsidiaries
for businesses of credit cards (BOB CARDS), asset management (BOB
AMC) and capital market activities (BOB caps).

Its financial services portfolio includes initial public offering,

private placement of debts corporate restructuring, business
valuation, mergers and acquisition, project appraisal, loan
syndication, institutional equity research and brokerage
 Bibliography
• www.imf.org
• https://bankofindia.co.in
• https://www.bankofbaroda.in
• https://cleartax.in
• https://www.toppr.com