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Karur Vysya

Karur Vysya

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Published by vishnihalani
Report on Karur vysya Bank
Report on Karur vysya Bank

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Published by: vishnihalani on Oct 05, 2010
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11/23/2012

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Report on KarurVysya Bank
Banking Assignment
Submitted To:Submitted By:Prof. Raj lakshmiAditi JainDate: 4/10/10Roll No. 17
 
 
Index
Topic No.ParticularsPage No.1
Banking Sector in India
32
Public Sector Banks/Private Sector Banks
3-43
Karur Vysya Bank - Origin
44
Vision & Mission
55
Banks Profile
5-66
Awards & Accolades
67
Products and Services
7-98
CRM Activities
109
Technological Innovation
1110
Technicals [2008-09, 2009-10]
1211
Key Financial ratios
12-13
Report on Karur Vysya BankPage
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Banking Sector
Banks have played a critical role in the economic development of somedeveloped countries such as Japan and Germany and most of the emerging economiesincluding India. Banks today are important not just from the point of view of economicgrowth, but also financial stability. In emerging economies, banks are special for threeimportant reasons. First, they take a leading role in developing other financialintermediaries and markets. Second, due to the absence of well-developed equity and bond markets, the corporate sector depends heavily on banks to meet its financing needs.Finally, in emerging markets such as India, banks cater to the needs of a vast number of savers from the household sector, who prefer assured income and liquidity and safety of funds, because of their inadequate capacity to manage financial risks.The commercial banking industry in India started in 1786 with the establishmentof the Bank of Bengal in Calcutta. The Indian Government at the time established threePresidency banks, viz., the Bank of Bengal (established in 1809), the Bank of Bombay(established in 1840) and the Bank of Madras (established in 1843). In 1921, the threePresidency banks were amalgamated to form the Imperial Bank of India, which took upthe role of a commercial bank, a bankers' bank and a banker to the Government. TheImperial Bank of India was established with mainly European shareholders. It was onlywith the establishment of Reserve Bank of India (RBI) as the central bank of the countryin 1935, that the quasi-central banking role of the Imperial Bank of India came to an end.After independence, the Government of India started taking steps to encouragethe spread of banking in India. In order to serve the economy in general and the ruralsector in particular, the All India Rural Credit Survey Committee recommended thecreation of a state-partnered and state-sponsored bank taking over the Imperial Bank of India and integrating with it, the former state-owned and state-associate banks.Accordingly, State Bank of India (SBI) was constituted in 1955. Subsequently in 1959,the State Bank of India (subsidiary bank) Act was passed, enabling the SBI to take over eight former state-associate banks as its subsidiaries. To better align the banking systemto the needs of planning and economic policy, it was considered necessary to have socialcontrol over banks. In 1969, 14 of the major private sector banks were nationalized. Thiswas an important milestone in the history of Indian banking. This was followed by thenationalisation of another six private banks in 1980.With the nationalization of these banks, the major segment of the banking sector came under the control of the Government. The nationalisation of banks imparted major impetus to branch expansion in un-banked rural and semi-urban areas, which in turnresulted in huge deposit mobilization, thereby giving boost to the overall savings rate of the economy. It also resulted in scaling up of lending to agriculture and its allied sectors.However, this arrangement also saw some weaknesses like reduced bank profitability,weak capital bases, and banks getting
Report on Karur Vysya BankPage
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