BANKING

COMMERCE PROJECT 3

VIDHAN SHARMA

CLASS 10D ROLL NO. 37

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 INDEX

SL CONTENTS PG
NO. NO.

1 INTRODUCTION 2-5

2 CASE STUDY 6-10

3 CONCLUSION 11

ACKNOWLEDGEMENT
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WEBLOGRAPHY/BIBLIOGRAPHY 13
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 INTRODUCTION

A bank is a financial institution that accepts deposits from the public and creates
a demand deposit while simultaneously making loans. Lending activities can be
performed either directly or indirectly through capital markets.
Due to the importance of banks in the financial stability of a country, most
jurisdictions exercise a high degree of regulation over banks. Most countries have
institutionalized a system known as fractional reserve banking, under which
banks hold liquid assets equal to only a portion of their current liabilities. In
addition to other regulations intended to ensure liquidity, banks are generally
subject to minimum capital requirements based on an international set of capital
standards, the Basel Accords.
Banking in its modern sense evolved in the fourteenth century in the prosperous
cities of Renaissance Italy but in many ways functioned as a continuation of ideas
and concepts of credit and lending that had their roots in the ancient world.

In the history of banking, a number of banking dynasties — notably, the Medicis,

the Fuggers, the Welsers, the Berenbergs, and the Rothschilds — have played a
central role over many centuries. The oldest existing retail bank is Banca Monte
dei Paschi di Siena (founded in 1472), while the oldest existing merchant bank is
Berenberg Bank (founded in 1590).
IMPORTANCE OF BANKING
Development of any country is depended on the strength of formal structure of
banking system in that country. Banks materialize the financial needs of millions
of people spread across different geographies, sections and segments. Banking
derives economic importance for the following reasons:

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• Banks fosters savings habit of public
• Facilitates capital formation
• Finances industry ( IFCI, SIDBI, SFC)
• Promotes agriculture ( Co-operative banks, RRBs, LDBs, NABARD)
• Encourages small scale industries, MSMEs ( SIDBI, NSIC)
• Enables implementation of monetary policy
• Facilitates and promotes international trade through imports and exports
• Spreads banking structure to interior parts of the country
• Ensures balanced development of the country by supporting marginalized
sections
• Ensures inclusive growth through financial inclusion

IMPORTANCE OF E BANKING

E banking provides many advantages for banks and customer’s .e-banking has
made life much easier and banking much faster for both customers and banks.
Main advantages are as follows.
 It saves time spent in banks
 It provides ways for international banking.

 It provides banking throughout the year 24/7 days from any place have
internet access.

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  It provides well-organized cash management for internet optimization
 It provides convenience in terms of capital, labour, time all the resources
needed to make a transaction.
 Taking advantage of integrated banking services, banks may compete in
new markets, can get new customers and grow their market share.
 It provides some security and privacy to customers, by using state-of-the-
art encryption and security technologies.

Internet Banking helps you manage many banking transactions online via your

1. AUTOMATED TELLER MACHINES (ATM): An automated teller

machine or automatic teller machine (ATM) is an electronic computerized
telecommunications device that allows a financial institution’s customers
to directly use a secure method of communication to access their bank
accounts, order or make cash withdrawals (or cash advances using a credit
card) and check their account balances without the need for a human bank
teller.

2. TELE BANKING: By dialing the given Telebanking number through a

landline or a mobile from anywhere, the customer can access his account
and by following the user-friendly menu, entire banking can be done
through Interactive Voice Response (IVR) system.

3. SMART CARD: A smart card usually contains an embedded 8-bit

microprocessor (a kind of computer chip). The microprocessor is under a
contact pad on one side of the card. Think of the microprocessor as
replacing the usual magnetic stripe present on a credit card or debit card.
The microprocessor on the smart card is there for security. The host computer and
card reader actually “talk” to the microprocessor. The microprocessor enforces
access to the data on the card. The chips in these cards are capable of many kinds
of transactions.

4. DEBIT CARD:
Debit cards are also known as check cards. Debit cards look like credit cards or
ATM (automated teller machine) cards, but operate like cash or a personal

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check. Debit cards are different from credit cards. While a credit card is a way to
“pay later,” a debit card is a way to “pay now.” When you use a debit card, your
money is quickly deducted from your checking or savings account.

5. E-CHEQUE:
An e-Cheque is the electronic version or representation of paper cheque.
OTHER FORMS OF ELECTRONIC BANKING
 Direct Deposit
 Electronic Bill Payment
 Electronic Check ConversionCash Value Stored, Etc.

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 CASE STUDY
BANK TAKEN- AXIS BANK

Axis Bank Limited is an Indian private sector bank headquatered in Mumbai,

Maharashtra. It sells financial services to large and mid- size companies, SMEs
and retail businesses.

As of 30 June 2016, 30.81% shares are owned by the promoters and the promoter
group (United India Insurance Company Limited, Oriental Insurance Company
Limited, National Insurance Company Limited, New India Assurance Company
Ltd, GIC, LIC and UTI).The remaining 69.19% shares are owned by mutual
funds, FIIs, banks, insurance companies, corporate bodies and individual
investors.

OPERATIONS:
As of 12 August 2016, the bank had a network of 4,094 branches and extension
counters and 12,922 ATMs.[29]Axis Bank has the largest ATM network among
private banks in India.It even operates an ATM at one of the world's highest sites
at Thegu, Sikkim at a height of 4,023 meters (13,200 ft) above sea level

International business:
The bank has nine international offices with branches at Singapore, Hong Kong,
Dubai (at the DIFC), Shanghai, Colombo and representative offices at Dhaka,
Dubai, Sharjah and Abu Dhabi, which focus on corporate lending, trade finance,
syndication, investment banking and liability businesses. In addition to the above,
the bank has a presence in UK with its wholly owned subsidiary Axis Bank UK
Limited.

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SERVICES:

RETAIL BANKING
The bank offers lending services to individuals and small businesses, along with
liability products, card services, Internet banking, automated teller machines
(ATM) services, depository, financial advisory services, and Non-resident Indian
(NRI) services. Axis bank is a participant in RBI's NEFT enabled participating
banks list.

INTERNATIONAL BANKING
The bank offers corporate banking, trade finance, treasury and risk management
through the branches at Singapore, Hong Kong, DIFC, Shanghai and Colombo,
and also retail liability products from its branches at Hong Kong and Colombo.

CORPORATE BANKING
Transaction banking: Formed in April 2015, TxB provides integrated products
and services to customers in areas of current accounts, cash management services,
capital market services, trade, foreign exchange and derivatives, cross- border
trade and correspondent banking services and tax collections on behalf of the
Government and various State Governments in India
Investment banking and trustee services: The bank provides investment banking
and trusteeship services through its owned subsidiaries. Axis Capital Limited
provides investment banking services relating to equity capital markets,
institutional stock brokering besides M&A advisory. Axis Trustee Services
Limited is engaged in trusteeship activities, acting as debenture trustee and as
trustee to various securitization trusts.

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 BOARD OF DIRECTORS

NAME
Rakesh Makhija- Chairman
B Babu Rao- Executive Director
Amitabh Chaudhry-Director
Rohit Bhagat-Managing Director
Stephen Pagliuca -Independent Director

REGISTERED OFFICE

Axis Bank Limited, Bombay Dyeing Mills Compound, Pandurang Budhkar

Marg, Worli, Mumbai – 400025.
BRANCHES
1. Andaman & Nicobar
2. Andhra Pradesh
3. Arunachal Pradesh
4. Assam
5. Bihar
6. Chandigarh
7. Chhattisgarh
8. Dadra & Nagar Haveli
9. Daman & Diu
10. Dhule
11. Goa
12. Gujarat
13. Haryana
14. Himachal Pradesh
15. Jammu & Kashmir
16. Jharkhand
17. Karnataka
18. Kerala
19. Madhya Pradesh
20. Maharashtra
21. Manipur
22. Meghalaya

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 23. Mizoram
24. Nagaland
25. New Delhi
26. Odisha
27. Puducherry
28. Punjab
29. Rajasthan
30. Sikkim
31. Tamil Nadu
32. Telangana
33. West Bengal

Axis Bank in association with CPP Assistance Services (P) Ltd. provides you,
India's first comprehensive card protection service. With CPP on your Axis Bank
Credit Card, you can now protect all your cards and important documents in the
event of loss, theft, fraud and emergencies. If any unfortunate event like card loss
or theft happens to you anywhere in the world, all that you need to do is call CPP's
24-hour helpline, to report loss of card(s). You might have lost your wallet or
cards but CPP ensures that you don’t lose peace of mind.

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 Benefits of being an Axis Bank Customer

 One call to block all your lost or stolen cards: No matter in which
geographic location you are, all you need to do is to make one free call to
CPP 24 hour helpline. CPP will notify all issuing banks and will ask them
to block all the cards registered with CPP. Additionally CPP also assists
you to get them replaced.
 CPP's 24-hour helpline is 6000-4000
 Emergency Toll Free no 1800-419-4000
 Emergency International no. is 91 921244-4000
 Fraud protection: All your cards are protected from any kind of
fraudulent transaction. This protection begins 15 days prior to the loss/stolen
report. You needn't worry about the misuse of your lost or stolen credit, debit or
ATM cards.

 Free replacement of Loss Pan Card: In the event of loss of Pan Card, CPP
will help you obtain replacement Of PAN card free of cost. They will liaise
with you to send the necessary documents required to facilitate the
replacement.s details.
 Emergency Cash Advance Facility: If your cash is lost or stolen along with
your cards, CPP will facilitate an emergency cash advance, in India only.
 Emergency Travel & Hotel Assistance: If you lose your wallet while you
are travelling, CPP will facilitate payment of your hotel bills through its
authorized dealers. If you lose your travel tickets along with your wallet,
CPP will facilitate replacement of travel tickets, so that you can return
home.
 Valuable Document Registration: You can register details of your valuable
documents such as driving licence, insurance certificates etc., with CPP.
CPP will hold these details safe, should you ever need to provide these
details when the originals are not at hand. If your passport is lost or stolen
while you are abroad, CPP will help you with the details required for
notifications that you need to make and provide you with contact details of
nearest Indian Embassy for your convenience.
 F-Secure Internet Security (One subscription per CPP Membership):
Comprehensive internet security solution powered and owned by F-
Secure. This software once installed on your PC will provide complete
security to your banking transactions.

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 CONCLUSION
Banking systems have been with us for as long as people have been using money.
Banks and other financial institutions provide security for individuals, businesses
and governments, alike. Let's recap what has been learned with this tutorial:
In general, what banks do is pretty easy to figure out. For the average person
banks accept deposits, make loans, provide a safe place for money and valuables,
and act as payment agents between merchants and banks.
Banks are quite important to the economy and are involved in such economic
activities as issuing money, settling payments, credit intermediation, maturity
transformation and money creation in the form of fractional reserve banking.
To make money, banks use deposits and whole sale deposits, share equity and
fees and interest from debt, loans and consumer lending, such as credit cards and
bank fees.

In addition to fees and loans, banks are also involved in various other types of
lending and operations including,
buy/hold securities, non-interest income, insurance and leasing and payment
treasury services.
History has proven banks to be vulnerable to many risks, however, including
credit, liquidity, market, operating, interesting rate and legal risks. Many global
crises have been the result of such vulnerabilities and this has led to the strict
regulation of state and national banks.
However, other financial institutions exist that are not restricted by such
regulations. Such institutions include: savings and loans, credit unions,
investment and merchant banks, shadow banks, Islamic banks and industrial
banks.

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 WEBLOGRAPHY/BIBLIOGRAPHY
 Wikipedia.com
 Sparknotes.com
 ICSE CLASS 10 COMMERCIAL STUDIES Text Book

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 ACKNOWLEDGEMENT

From the start, Mr. Dhar has been a constant support. Whether it be teaching us
with such ease or giving us such informative and educative projects. A very big
thank you to you Sir for making sure that each and every query of ours, whether
related to studies or this project in particular, gets solved.

This, rather than being a “School” project was more of an Illuminating one.

Thank You Sir!

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