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Fund-Base-Management

Fund-Base-Management

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Published by: babluon22 on Apr 12, 2011
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04/16/2014

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EXECUTIVE SUMMARY
Banking in India
originated in the first decade of 18 century with The General Bank of India coming intoexistence in1786. This was followed by Bank of Hindustan. Both these banks are now defunct. The oldest bank in existence in India is the State Bank of India being established as "The Bank of Bengal" in Calcutta in June1806.The Reserve Bank of India formally took on the responsibility of regulating the Indian banking sector from1935. After India's independence 1947, the Reserve Bank was nationalized and given broader powers.Currently (2007), banking in India is generally fairly mature in terms of supply, product range and reach-eventhough reach in rural India still remains a challenge for the private sector and foreign banks. In terms of qualityof assets and capital adequacy, Indian banks are considered to have clean, strong and transparent balance sheetsrelative to other banks in comparable economies in its region. The Reserve Bank of India is an autonomous body, with minimal pressure from the government. The stated policy of the Bank on the Indian Rupee is tomanage volatility but without any fixed exchange rate-and this has mostly been true.The Modern Banking Functions are Fund based and Non-Fund based functions. These functions of a bank arethose in which banks extend various services to their customers or add their commitments to certain transactionsundertaken by their clients and charge their fees/ commissions for the services rendered by them / their commitments added to the transactions undertaken by the clients. The activities popularly known as ‘Non-fundfacilities’ provided by Banks.The major non-fund based facilities that are considered as a part of regular credit facilities are Letter of Creditand Bank Guarantee. As a part of their Non-fund based functions banks allow Letter of Credit and Bank Guarantee facilities for their customers to meet their requirements.Thus, we conclude that the Letter of credit and Bank guarantee comes in a plethora of confusing forms NDGUISES. It is understood in different ways in different parts of the world. But, once the basics are understood,it is wonderfully adaptable and uniquely user friendly tool
 
 
NON-FUND BASED
1.DESIGN OF STUDY
1.1 OBJECTIVE OF STUDY71.2 SCOPE OF THE STUDY71.3 LIMITATIONS OF THE STUDY71.4 METHODOLOGY7
2
 
 
NON-FUND BASED
1.DESIGN OF STUDY1.1 Objective Of Study
1.To understand the importance of banking sector.2.To perceive the meaning of Non-fund based facility.3.To visualize the significance of Letter of Credit and Bank Guarantee.4.To link the role of letter of credit and Bank guarantee with development of the banks.5.Readers can see the case study of Dena bank playing role of LC and BG.
1.2 Scope Of The Study
1.The readers can come to know the various types of Non-Fund based facilities by Banks.2.To guide the importers and exporter while removing LC and BG.3.One can come to know about types of LC and BG.4.The readers can come to across the sample letter of credit and bank guarantee.5.They can come to know the procedures of LC and BG.
1.3 Limitations Of The Study
1.The project study is restricted to banking sector used in India only.2.The conclusion made is based on a sample study and does not apply to all the individuals.3.All banks are not included.
1.4 Methodology
1.Primary data is collected from a sample size of 30 individuals.2.Secondary data is collected by referring books relating to banking and basics of banking. Alsoreferred to Dena Bank, magazines and internet.
1.INTRODUCTION
3

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