PROJECT TITLE

“FINANCIAL PLANNING BY BANK OF INDIA (BOI)”

SUBMITTED TO

CENTRE FOR ONLINE LEARNING

DR. D. Y. PATIL VIDYAPEETH, PUNE

SUBMITTED BY

MS. AliFIYA Abdul Kadir Parkar

 INTRODUCTION TO TOPIC

 Financial Planning is the process of meeting

life goals through the proper management of
finances. Financial planning is a process that
a person goes through to find out where they
are now (financially), determine where they
want to be in the future, and what they are
going to do to get there. Financial Planning
provides direction and meaning to persons
financial decisions.
 SCOPE OF THE STUDY

 Financial planning is a strategic process that individuals, families, and businesses

undertake to manage their financial affairs efficiently. In an era marked by
economic uncertainties, rapid technological advancements, and evolving lifestyle
dynamics, the need for comprehensive financial planning has become more critical
than ever.
 OBLECTIVES OF THE STUDY

 1. Comprehensive Analysis of Bank of India's Financial Planning

Strategies
 2. Performance Assessment of BOI's Investment Portfolios:
 3. Customer-Centric Financial Planning Services:
 4. Risk Management in BOI's Financial Planning:
 RESEARCH METHODOLOGY

Research Methodology is a systematic procedure of collecting information in order to

analyse and verify a phenomenon. the collection of information is done in two principal

sources. They are as follows

1. Primary Data

2. Secondary Data
 DATA ANALYSIS & INTERPRETATION
8) FINANCIAL PERFORMANCE
Domestic Business:
 The Bank's overall domestic business grew by 5.70 percent, from Rs. 944,824 crores on
March 31, 2022, to Rs. 998,700 crores on March 31, 2023.
 As of March 31, 2023, total deposits stood at Rs. 567,063 crores, up 2.95% from Rs.
550,833 crores on the same date in 2022.
 From Rs 64,750 crore on March 31, 2022, to Rs 70,777 crore on March 31, 2023, MSME
Credit increased by 9.31%. As of March 31, 2023, the percentage of MSME credit to total domestic
credit was 16.40%.
 The percentage of Agricultural Credit to Adjusted Net Bank Credit was 19.00%, while
Priority Sector lending made up 43.28% of the total.
Bank of India Saving Account Interest Rate 2023

Balances BOI Saving Account Interest

Rate

Rs. 1 lakh 2.75% p.a.

More than Rs. 1 lakh 2.90% p.a.

BOI Star Personal Loan Interest Rates:

Interest rates
Particulars (p.a.)

Clean/Unsecured 14.75%

Financing secured under tie-up arrangements 13.75%

For senior citizens above 60 years of age and above loan 12.75%

of Rs 50,000

BOI Star Personal Loan- Doctor Plus 12.25%

 SUGGESTIONS

  Leverage the insight on the importance of investment portfolio management

to guide strategic decisions.

  Consider aligning financial planning strategies with effective capital

allocation and wealth management.

  Continue the commitment to in-house risk assessment teams while

acknowledging the role of external consultants.
 CONCLUSION

The survey results indicate several key insights into Bank of India's financial
planning strategies, risk management practices, and customer satisfaction. The
findings emphasize the significance of investment portfolio management,
internal risk assessment capabilities, and a focus on sustainable growth in the
bank's long-term financial planning. Additionally, the importance of Return on
Investment as a primary indicator for assessing investment portfolio
performance is underscored.