The main object of the project was to learn about the contemporary issues in banking sector such as Bank@Home, Retail business development, Money laundering, Cheque truncation and equator principle.
In order to understand and analyze the feasibility and response of BANK@HOME service, we focus on the walk inns at the branch that already are customers of the bank and meet them while they were in queue waiting for their turn through informal communication. Obtained information revealed that many of the existing customers who live even far off from the branch have high frequency of visits to the branch. The Bank will have to promote the service in order to reach out to the customers and make its presence felt. Observation also indicated that the foot falls at the branch actually come from various parts of the city irrespective of the relationship the customers have with the branches through out the city, which will make the task even more difficult to put up drop boxes throughout the city strategically For awareness of the service we gave awareness strategies, Promotional strategies, Pamphlet to educate customers Regarding the service, places where the drop boxes should be placed, and some suggestions to overcome the problem which may arise.
Retail business development Model that is basically a new dimension of selling product to customers for nationalized banks, , in order to grow in the present scenario banks have to make sure that they attract new clients not only by providing them new service but also by making them aware and wining their trust. Rbd helps banks in achieving their goals. we have made the attempt that how rbd can become revenue generation model for the bank.
Money Laundering refers to the conversion or "Laundering" of money which is illegally obtained, so as to make it appear to originate from a legitimate source. Here we have studied the role of banks in money laundering concept.
Truncation is the process of stopping the flow of the physical cheque issued by drawers the drawee branch. The physical instrument will be truncated at some point en-route to the drawee branch and an electronic image of the cheque would be sent to the drawee branch along with the relevant information like the MICR fields, date of presentation, presenting banks etc. Here we have studied how this concept will be helpful to banks as well as customers.
Equator Principles are voluntary set of guidelines developed for managing social and environmental issues related to the financing development projects. Banks adopting the Equator Principles undertake to provide loans only to projects whose sponsors can demonstrate their ability and willingness to comply with comprehensive processes aimed at ensuring that projects are developed in a socially responsible manner and according to sound environmental management practices. Here the purpose of study is to understand the role of banks in equator principles.
In order to understand and analyze the feasibility and response of BANK@HOME service, we focus on the walk inns at the branch that already are customers of the bank and meet them while they were in queue waiting for their turn through informal communication. Obtained information revealed that many of the existing customers who live even far off from the branch have high frequency of visits to the branch. The Bank will have to promote the service in order to reach out to the customers and make its presence felt. Observation also indicated that the foot falls at the branch actually come from various parts of the city irrespective of the relationship the customers have with the branches through out the city, which will make the task even more difficult to put up drop boxes throughout the city strategically For awareness of the service we gave awareness strategies, Promotional strategies, Pamphlet to educate customers Regarding the service, places where the drop boxes should be placed, and some suggestions to overcome the problem which may arise.
Retail business development Model that is basically a new dimension of selling product to customers for nationalized banks, , in order to grow in the present scenario banks have to make sure that they attract new clients not only by providing them new service but also by making them aware and wining their trust. Rbd helps banks in achieving their goals. we have made the attempt that how rbd can become revenue generation model for the bank.
Money Laundering refers to the conversion or "Laundering" of money which is illegally obtained, so as to make it appear to originate from a legitimate source. Here we have studied the role of banks in money laundering concept.
Truncation is the process of stopping the flow of the physical cheque issued by drawers the drawee branch. The physical instrument will be truncated at some point en-route to the drawee branch and an electronic image of the cheque would be sent to the drawee branch along with the relevant information like the MICR fields, date of presentation, presenting banks etc. Here we have studied how this concept will be helpful to banks as well as customers.
Equator Principles are voluntary set of guidelines developed for managing social and environmental issues related to the financing development projects. Banks adopting the Equator Principles undertake to provide loans only to projects whose sponsors can demonstrate their ability and willingness to comply with comprehensive processes aimed at ensuring that projects are developed in a socially responsible manner and according to sound environmental management practices. Here the purpose of study is to understand the role of banks in equator principles.
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