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ST.

JOHN COLLEGE OF HUMANITIES AND SCIENCES

PALGHAR (EAST), 401404

PROJECT REPORT ON

CO-OPERATIVE BANK

SUBMITTED BY

VIBY MATHEW DANIEL

IN THE PARTIAL FULLFILLMENT OF THE REQUIREMENTS OF
T.Y.B.COM

(BANKING AND INSURANCE)

SEMESTER V

PROJECT GUIDE

PROF. SAYLI A. DIGHE

UNIVERSITY OF MUMBAI

2017-2018
DECLARATION

I VIBY MATHEW DANIEL the student of ST. JOHN COLLEGE OF
HUMANITIES AND SCIENCES of TYBBI Semester V hereby declare
that I have completed the project on CO-OPERATIVE BANK in the
academic year 2017-2018. The information submitted is true and original to
the best of my knowledge.

INTERNAL EXAMINER SINGNATURE OF STUDENT
CERTIFICATE

I PROF. SAYLI A. DIGHE here by certify that VIBY MATHEW
DANIEL of ST. JOHN COLLEGE OF HUMANITIES AND
SCIENCES of TYBBI Semester V has completed project on CO-
OPERATIVE BANK in the academic year 2017-2018. The information
submitted is true and original to the best of my knowledge.

SIGNATURE OF HEAD OF DEPARTMENT

EXTERNAL EXAMINER SIGNATURE OF PRINCIPAL
ACKNOWLEDGEMENT

I would like to thank the University of Mumbai, for introducing
the Banking and Insurance course, there by giving its students a platform
to keep abreast with the changing business & insurance scenario, with the
help of theory as a base.

This is to express my earnest gratitude and extreme joy at being
bestowed with an opportunity to get an interesting and informative project
on “Co-operative banking”.

I would like to thank all the people who have helped me in
completion of project, i would avail this opportunity to express my profound
gratitude and in debtness to all those people.

I would like to specially thank Prof. Sayli A. Dighe, for
introducing me to such a wonderful and challenging topic and for being my
guide in the true sense of the word and for guiding, correcting and
motivating me at each and every moment during my project.

Lastly without failing i would thank all my faculties for
providing all explicit and implicit support to me during the course of my
project.
EXECUTIVE SUMMARY

Banking is today an integral part of our everyday life. At home, at school,
at office, at business, on travel everywhere we counter some aspect of banking. The
significance of banking in our day to day life is being felt increasingly. Money plays a
dominant role in today’s life. A money economy existed in India since the days of
Buddha. The forms of money have been evolved from coin to paper currency notes and
now to credit cards. It also throws light on living style, political and cultural aspects of
civilized mankind.

The Indian banking industry has evolved and transformed itself from a
socialist licensed Raj business to a liberalized, modernized & technology oriented white
elephant of India. The Government of India issued an ordinance and nationalized the 14th
largest commercial banks with effect from the midnight of July 19, 1969. As a result
“Banking Revolution”, the outdated concepts and methods of banking in India have
changed to its peak level. The Indian banking sector came into the developing nature
mostly after the 1991 government policy.

With the second dose of nationalization, the Government of India
controlled around 91% of the banking business of India. Banking industry is the
backbone for any economy and is the key indicator to see and analyze the level of
development of a country. The banking sector of India has an annual growth rate of 23%,
contributing nearly 6% of GDP & employing nearly 7.4 million people and has
outperformed most banking indices in the world with highest total returns to shareholders
at 36.76%.
TABLE OF CONTENT

Contents Page No

1. The Indian Banking System 1

2. Co-operative Banking 9

3. Co-operative bank scams in India 25

4. About Saraswat Co-Operative Bank
 Introduction 27
 Milestones of Saraswat Co-op Bank 30
 Board of Directors 31
 Overall performance appraisal for last 5 years 32

5. Products and Schemes 34

6. Balance Sheet and Profit & Loss Account for the year
42
st
ended as on 31 march, 2017
7. Data Analysis and Interpretation for the Survey 51
(Boisar- Saravali- Umroli- Palghar)

8. Conclusion 61

9. Recommendations 62

10.Bibliography and Webilography 63

11.Annexure-I 64

12.Abbreviation 67