The PowerPoint presentation on general banking and finance provides a comprehensive overview of the fundamental concepts and key aspects within the banking and finance industry. The presentation aims to equip the audience with a broad understanding of the roles and functions of banks and financial institutions, the importance of financial systems in driving economic growth, and the various financial products and services offered to individuals and businesses. It delves into topics such as deposit and lending activities, investment management, risk assessment and mitigation, and regulatory frameworks governing the industry. The presentation serves as an essential resource for anyone seeking a solid foundation in the field of banking and finance.
2. Report 1 :-
FINANCIAL
LITERACY OF
EMPLOYEES
❖ Financial Literacy is the ability to
understand and effectively use various
financial skills.
❖ As Employees are comprises of one of the
largest groups among the population, their
financial literacy is of utmost importance.
Employers can provide a high-value benefit
by offering financial literacy programs to their
workforce. It’s a strategy that may help to
improve the productivity and retention of
current workers and attract top-level talent.
3. OBJECTIVES
❖ To determine the financial knowledge among employees.
❖ To make employees understand that in their job, finance plays an
important role.
❖ To help employees gain and be financially literate.
4. RESEARCH
METHADOLOGY
The financial literacy survey is been
divided into five parts as follows:
❖ Basic concepts of finance -
Basic financial concepts are based on microeconomic and macroeconomic theories. The finance
field includes three main subcategories: personal finance, corporate finance, and public
(government) finance.
❖ Budgeting –
Budgeting is the process of creating a plan to spend your money. This spending plan is called a
budget. Creating this spending plan allows you to determine in advance whether you will have
enough money to do the things you need to do or would like to do.
5. ❖ Investments and Savings –
Savings represent the part of a person's income which not used for current consumption rather kept
aside for future use. Investment refers to the process of investment fund in a Capital asset with the
view to generate returns.
❖ Future Goals –
Setting short-term financial goals give you the foundation and the confidence boost that you'll need to
achieve the bigger goals that take more time. The biggest long-term financial goal for most people is
saving enough money to retire.
❖ Borrowing concepts –
Borrowing money can fund a new home, pay for college tuition or help start a new business.
Traditional lenders include banks, credit unions, and financing companies. Borrowers should know the
terms and the interest rate and fees of the loan.
6. DATA ANALYTICS
• Data analytics is the science of raw data analysis to draw conclusions
about it. Data Analytics refers to the techniques for analyzing data for
improving productivity and the profit of the business.
7. 1- BASIC CONCEPTS OF FINANCE
• Around 74.3% didn't get any
sort of personal financial
knowledge from their
schools or colleges.
• Around 40% of the
organization working are at
a national level.
• The employees living in
cities are mostly migrants
thus rather than owning a
house they rent it .
• Most of expenditure is the
rent and house expenses
and expenses incurred also
in food and grocery items.
2- BUDGETING
8. 3- SAVINGS AND INVESTMENT
• The respondents still have majority
portion of their investments in safer
options like fixed deposits and
golds.
• The option of mutual funds and
individual stock got the lowest
response.
• The employees do think that
keeping their money with the bank
in bank's saving account is much
better than in the form of cash at
home.
9. 4- BORROWINGS
• Most of the employees do not
have any sort of long term debts
of loans to pay.
• More than 50% of the responses
say that employee's salary is
enough to fulfill their regular
monthly requirements.
• If they face any unforseen
situation like any emergency
where the monetary help is of
utmost requirement employees
approach their family members
for such needs.
10. CONCLUSION
● As a result of changes in the economic structure, knowledge finance has
become not only a convenience but a necessary survival tool.
● A lack of financial knowledge can contribute to making poor financial
choices, which can be harmful to individuals and communities.
● Coming on the future goals of employees, the respondents are all hard
working people taking efforts and a lot of dedication to achieve their goals
and be the expert in their particular field.
● Employees are really satisfied with their workplace as it's helping them to
develop a positive attitude.
● Respondents do want to continue in the same company they are currently
working with.
11. Report 2 :- I
INTERVIEW REGARDING THE FUNCTIONING
OF A PARTICULAR BANK
BANK CHOSEN- KOTAK MAHINDRA BANK
LOCATION- KALYANI NAGAR BRANCH, PUNE, MAHARSHTRA
NAME OF BANK MANAGER- MR.RISHABH RAJ
12. Kotak Mahindra Bank Limited is an Indian banking and financial services
company headquartered in Mumbai. It offers banking products and
financial services for corporate and retail customers in the areas of
personal finance, investment banking, life insurance, and wealth
management. It is India's second largest private sector bank by assets
and third by market capitalization of $44 billion PAT $1.3 billion revenue
$7.2 billion as of 2022. As of 2022, the bank has 1900 branches and
2600 ATMs.
ABOUT KOTAK MAHINDRA BANK
13. On 16th of October 2022 , our group
conducted a visit to The Kotak
Mahindra Bank, Kalyaninagar
Branch, Pune. This visit was
basically a survey to attain the
answers to our questionnaire
regarding the functioning of a bank.
In this survey we met Mr. Rishab
Raj, Bank Manager of Kotak
Mahindra Bank. The answers to all
our question were given very
patiently and politely and we were
pleased to get all the information that
we were looking for.
About the visit :-
Mr. Rishab Raj - Manager , with Our
group member Mayank
14. BASIC INFORMATION ABOUT KOTAK BANK
The head office of the Kotak Mahindra Bank is located Nariman
Point, Mumbai. The total number of branches in Kotak Mahindra
Bank as of 2022 is around 1900 branches and 2500+ ATM's.
Further getting information about the Number of staff and their
designation in their branch, we got the data given below :-
1. Manager
2. 1 BOM
3. 2 security
4. 9 service officers
5. 11 relationship manager & relationship officer
6. 28 staff members
7. 1 Business sales manager
8. 12 Business sales officers
9. 1-3 Runner boy
Kotak Mahindra Bank, Kalyani Nagar, Branch is 68 employees
strong.
15. Account opening processes:-
In the next phase of our interview the questions were about the account opening processes, benefits to
customers, employees and related questions. The types of accounts the bank operates in was asked, so
the types of account Kotak operation are carried are :-
1.Current Account - Current bank account is opened by businessmen who have a higher number of
regular transactions with the bank. It includes deposits, withdrawals, and contra transactions. It is also
known as Demand Deposit Account. Current account can be opened in co-operative bank and commercial
bank.
2.Savings Account - A Savings Account, by definition, allows you to deposit your money, safe with the
bank
3.Investment account - An investment account is a current account linked to a securities account. It is
used to transfer money in transactions to securities and deposit services. An investment account is
particularly intended for transactions in funds, stocks, bonds, and ETFs.
4.Demat Account - Demat Account is short for dematerialisation account and makes the process of
holding investments like shares, bonds, government securities, Mutual Funds, Insurance and ETFs easier,
doing away the hassles of physical handling and maintenance of paper shares and related documents.
16. Types of accounts:-
Credit card of Kotak Mahindra Bank
Coming to the account opening process Kotak Mahindra Bank has the following criteria to attain a
debit card is that,
Debit card :- To apply for the Kotak PVR Debit Card, you need to hold Resident Indians- Savings
account (Except Easy accounts, 811 wallets & Non Individual accounts) or Corporate Salary Account
with the bank. 811 full KYC account holders can also apply for this debit card. Cheque book is also
provided.
And for credit card it is as,
Credit card :- It depends on the transactions you make, if transactions in you account is good enough,
you will be provided offer, without any documentation credit card will be provided. Now of you don't
get any offer then your salary should be minimum of ₹25000 and after checking the ITR(income tax
return) , credit card is given.
17. Facilities to children:-
Kotak Mahindra Bank also provides account opening facilities to children below the age of 18, So…7
years should be completed of a child than the debit card is been provided.
After birth certificate has been made the account can be made in the name of the children . The
account is completely handled by their parents.
The minimum bank limit provided by the Kotak is ₹4500 as it is decided by the RBI. The funds in the
child's account is stored and can be withdrawn when maturity i.e. 18 years of age.
Before maturity parents are liable for sending the cheques. After that parents name is been deleted
and the minor to major banking documentation process takes place.
18. Facilities to elderly people and differently abled
people:-
Kotak Mahindra Bank not only considers children but also the Senior
citizens as well as differently abled citizens as there are services to
people who cannot visit bank physically. If there are account holders
who cannot visit bank physically, there is a serviceman called the
office boy or runner boy . These office boy take all the request from
the account holders and provide to bank, like money withdrawal,
deposit, signature etc. We also provide relationship manager to each
account holders. The customer contact the relationship manager, they
always try to stay connected with their customers.
19. BANKS BASIC FACILITIES:-
1.Overdraft Facility-
Kotak does provide overdraft facility to current and holders. In Kotak's overdraft facility the interest is
charged only on the used funds and not on the total funds provided.
Eg :- If the loan of total of ₹ 50000 is provided and only ₹25000 is used, then the interest is chared
only on ₹25000 and not on ₹50000.
2. Safe deposit lockers:-
Along with this safe deposit lockers is one of the important facility of banks and with Kotak's safe
deposit lockers get peace of mind with Kotak Mahindra Bank's Safe Deposit Lockers - Kotak's banking
service providing security to your precious jewellery, documents and other valuables.
20. Loans:-
As providing loan is one of the major and important functioning of any bank in this world, so the basic criteria
required for attaining a personal loan in Kotak Mahindra Bank is :-
1. Age factor matters, age should be between 21 to 60 years.
2. For salaried loan, is given on salary basis and basic salary should be more than ₹25000. Credit score should be
good enough.
3. For self employment loans, personal loan is given for startups and new businesses.
4. To avail of a personal loan from Kotak Mahindra Bank, you need to submit your basic KYC documents along
with an income proof and photographs. The documents required include a valid ID proof, address proof, bank
statement and salary slips of the last 3 months and 2-3 passport-sized photographs.
Investments :-
Nowadays investments are on a rise as we saw rise in opening of Demat and trading accounts, a question arises
that investment process in securities in Kotak,
There's a relationship manager who guides to invest in securities.
From his help investment in mutual funds take place.
The 3 types of mutual funds are you can invest :-
1.Equity
2.Balanced
3.Government bonds
Only AMC (account maintenance charge) is charged.
Investment in these is completely your choice…Full details will be provided.
21. A MESSAGE TO STUDENTS
Reaching to the conclusion of the questionnaire survey the final question was asked that,
are there Any suggestion to us students who are going to step into the corporate world?
And Sir Rishab Raj , the manager provided a fascinating answer to this, he said that,
Starting out in your first job is both challenging and exciting! It’s your first step into an
entirely new phase of life that is different from the good old school and college days.
Luxuries like skipping classes, marking proxies, getting pocket monies, and being carefree,
will soon become a thing of past. But that's okay, for a freedom-filled world awaits!
Remember these things :-
1. Get the first impression right
2. Ask a lot of questions
3. Speak up
4. Understand the office culture
5. Do work hard, but don't stress yourself
6. Always be honest to yourself in every terms
7. Think your company as your home
8. Grow slowly by steadily don't rush.
23. WHAT IS BANKING?
The term “banking” refers to the traditional activities that a bank does, such
as accepting deposits and lending money.
INTRODUTION :-
Banking implies an activity where a licensed financial institution safeguards your money. You
can park your hard-earned money in Current and Savings Accounts. You can also earn attractive interest
income by investing in interest generating term deposits. Banks also offer a wide variety of loans and
overdraft facilities, depending on the type of account you open. Banks cater to a wide variety of customers –
from retail investors to small and large business corporations. As abank customer, you can visit your bank
branch or enjoy remote banking services online through mobile or net banking.
24. AIM:
● To create propensity of savings amongst the people.
● To motivate people for investing money with a view to bringing solvency in them .
● To create money against money as an alternative for enhancing supply of money.
● To expedite investments.
● To maintain economic stability by means of controlling money market.
25. OUTCOMES:
● Banking allows individuals, governments, and corporations to get the necessary financial
support.
● It enables you to borrow funds at competitive interest rates.
● It allows borrowers to manage their cash flow.
● It empowers you to initiate instant money transfers and make payments remotely.
● It assists with high-value investments and transactions.
26. FUNCTIONS OF BANK
Accepting Deposits
Commercial banks accept deposits from people, businesses, and other entities in the form of:
•Savings deposits – The commercial bank accepts small deposits, from households or persons, in
order to encourage savings in the economy.
•Time deposits – The bank accepts deposits for a fixed time and carries a higher rate of interest as
compared to savings deposits.
•Current deposits – These accounts do not offer any interest. Further, most current accounts offer
overdrafts up to a pre-specified limit.
Lending of Funds
Another important activity is lending funds to customers in the form of loans and advances, cash
credit, overdraft and discounting of bills, etc.
Loans are advances that a bank extends to his customers with or without security for a specified time
and at an agreed rate of interest. Further, the bank credits the loan amount in the customers’ account
which he withdraws as per his needs.
27. EVOLUTION OF BANKING
The first bank of India was the “Bank of Hindustan”, established in 1770 and located in the then Indian
capital, Calcutta. However, this bank failed to work and ceased operations in 1832.
During the British rule in India, The East India Company had established three banks: Bank of Bengal,
Bank of Bombay and Bank of Madras and called them the Presidential Banks. These three banks
were later merged into one single bank in 1921, which was called the “Imperial Bank of India. The
Imperial Bank of India was later nationalised in 1955 and was named The State Bank of India, which
is currently the largest Public sector Bank.
At the time when India got independence, all the major banks of the country were led privately which
was a cause of concern as the people belonging to rural areas were still dependent on money lenders
for financial assistance.
With an aim to solve this problem, the then Government decided to nationalise the Banks. These
banks were nationalised under the Banking Regulation Act, 1949. Whereas, the Reserve Bank of
India was nationalised in 1949.
28. Following it was the formation of State Bank of India in 1955 and the other 14 banks were nationalised
between the time duration of 1969 to 1991. These were the banks whose national deposits were more
than 50 crores.
Given below is the list of these 14 Banks nationalised in 1969:
Allahabad Bank
Bank of India
Bank of Baroda
Bank of Maharashtra
Central Bank of India
Canara Bank
Dena Bank
Indian Overseas Bank
Indian Bank
Punjab National Bank
Syndicate Bank
Union Bank of India
United Bank
UCO Bank
29. In the year 1980, another 6 banks were nationalised, taking the number to 20 banks. These banks
included:
Andhra Bank
Corporation Bank
New Bank of India
Oriental Bank of Comm.
Punjab & Sind Bank
Vijaya Bank
Apart from the above mentioned 20 banks, there were seven subsidiaries of SBI which were
nationalised in 1959:
State Bank of Patiala
State Bank of Hyderabad
State Bank of Bikaner & Jaipur
State Bank of Mysore
State Bank of Travancore
State Bank of Saurashtra
State Bank of Indore
All these banks were later merged with the State Bank of India in 2017, except for the State Bank of
Saurashtra, which merged in 2008 and State Bank of Indore, which merged in 2010.
30. Cash Reserve Ratio :-
Cash reserve ratio (CRR) is the percentage of a bank's total deposits that it needs to
maintain as liquid cash. This is an RBI requirement, and the cash reserve is kept with the
RBI. A bank does not earn interest on this liquid cash maintained with the RBI and neither
can it use this for investing and lending purposes.
Statutory Liquidity Ratio :-
Statutory Liquidity Ratio or SLR is the minimum percentage of deposits that a
commercial bank has to maintain in the form of liquid cash, gold or other securities. It
is basically the reserve requirement that banks are expected to keep before offering
credit to customers.
31. ∆ Conclusion :-
● The Reserve Bank of India (RBI), which is the Central bank of India, was established in
the year 1935. It is an autonomous body under the government of India.
● The objectives of RBI are stated in the Reserve Bank of India Act, 1934, which is an act
of Parliament.
● The primary objective of the RBI is to ensure price stability in the country. The primary
function of RBI is to control the supply of money in the economy.
● The other functions of RBI include the control of credit in the economy, effective
management of foreign exchange, and effective regulation in the financial sector.
