format of cover page

A

Project on

Working of finance department

In

Vishwas co-op bank

Nashik

By

Ms.vrushali. patel

Bachelor of management studies (BMS)

Guided by

Ms.kshama vaishampayan

SMRK.BK.AK.Mahila mahavidyalaya

Nashik

Submitted to

SNDT Women’s university

2012-2013

ACKNOWLEDGEMENT

I take this opportunity to thank all the people who have helped me in preparing this project.

First of all, I wish to thank our principal Dr. Mrs Deepti deshpande for encouraging us, always. I also thank our vice-principals Mrs.Sadhana Deshmukh, Mrs.Kavita Patil and Dr.Mrs M.P. Rane for their constant support, motivation and guidance.

I sincerely thank my subject teacher, Ms. Kshama vaishampayan, for helping and guiding me for the project.

Also, I would like to thank Mr. Rajendra jadhav, of Vishwas co-operative bank for explaining the working procedure of bank.

Last but not the least, I would thank my parents and my friends for their constant support. This project has been possible only because of their support, guidance and motivation.

Vrushali.patel

BMS part III

INDEX

1. Introduction to the organisation.

2. Banking servicesA. Accounts

- Saving account services- Current account services

B. Deposit- Fixed deposit- Recurring deposits

C. loans - Educational loans- Home loans

D. locker services

3. Interest Rate Charts

- Deposits interest rate chart.

- loan interest rate chart.

- saving interest rate chart.

4. Financial Information.

5. conclusion.

OBJECTIVE OF STUDY

In today’s world of recruitment it is very important for a candidate to have work experience. It is mentioned clearly in all advertisements. The University of SNDT has helped its students in gaining the practical exposure by making it mandatory for the students to get practical knowledge along with the theoretical knowledge.

The objectives of the summer training are as follows:

To collect the financial information from the bank so as to find out the working capital financing process of bank.

To be able to apply the theoretical knowledge obtained at the in the practical manner in the actual business environment.

To get the knowledge about the organisation problems, perceptions and challenges.

To interact with the managers of the company and gain knowledge through their real life experience.

RESEARCH METHODOLOGY

The data collected for the project was in the form of written as well as verbal information regarding the working capital financing by the bank.

Research in common parlance refers to search of knowledge. One can also define research as, “a scientific search for pertinent information on a specific topic”. In fact, research is an art of scientific investigation. The advanced learner’s dictionary of current English lays down the research as, “a careful investigation inquiry especially through search for new fact in any bank of knowledge.”

We all possess the vital instinct of inquisitiveness when anything unknown confronts us; inquisitiveness forces us for a probe and to attain a full understanding of the unknown. This inquisitiveness is mother of knowledge and the method which man employs for obtaining the knowledge of whatever unknown, can be termed as research.

Scientific Research

Hudson Maxim said, “Progress is born out of inquiry. Doubt is often better than overconfidence, for it leads to inquiry and it further leads to invention.” He told this in context where the significance of

research can well be understood& increased amount of research makes the progress possible. Research inculcates thinking & it also promotes the development of logical habits like thinking, organizing, etc. .

Primary data can be collected either through experiment or through survey.

If the researcher conducts an experiment, he observes measurable quantities or data, with help of which he examines the truth which is contained in the hypothesis.

But in the case of a survey, data can be collected by following ways:-

1. Primary data collection method

2. Secondary data collection method

Primary Data :

Primary data are the information collected or generated by the researcher for the purpose of preparing project. This data is freshly collected and thus happens to be original. This type of data is more reliable. It is expensive and time – consuming.

There are 3 methods of collecting the Primary data:-

1) Observation Method

2) Interview Method

3) Questionnaire Method

The method used for this project is Questionnaire method.

Questionnaire method

This is the most frequently used method of data collection. It consists of questions printed or typed in a defined order on a form or sets of forms. It is usually used when the researcher wants to collect the data about personal preferences, attitudes & opinions. Questions formed reflect simplicity, celerity and reduce the time required for its conduction.

Interview

Interviews were arranged with the company’s expert Officers, Executive & Managers regarding my topics.

Secondary Data :

Secondary Data is the data which is readily available & useful information. It refers to the information that has been collected by someone else and not by the researcher. It is the data which has already passed through statistical process. It may be published or unpublished data.

The following are the means of secondary data used in this project :

1) Prospectus

2) Magazines

3) Journals

4) Annual reports

5) Internet.

Steps for doing research :-

1. Selection of Topic :

Selection of the topic is the most important criteria for any research to start.

2. Main Objective :

Every research has an objective, why it is been conducted.

3. Types of research methodology adopted in the project4. Analytical Method :

Collection of facts, information, examples, evaluation etc.

LIMITATIONS OF THE STUDY

Generally banks do not allow the outsiders to have any study or research work in banks. Therefore, getting the information for project work in banks was itself very difficult. Due to confidentiality some important information lacked accuracy and hence approximations were used.

The loan sanctioning procedure is chalked out by the top management and as per the norms and rules issued by reserve bank of India (RBI). Therefore the project is not decision by itself but an aid to the management regarding the procedural aspect and loopholes of loan sanction. The project is based on theoretical guidelines as per the situations prevalent at the time of practical training. Hence, it may not apply to different situations.

The time span of project, 2 weeks, was short and acts as a major constraint to the project. Moreover, studying the guidelines and applying it practically within such short time span was a task of great pressure.

Profile

Of

Bank

INTRODUCTION TO VISHWAS CO-OP BANK

Vishwas Co-op Bank began in a small way, has now grown up to one of the leading and respectable banks not only in Nashik but also in Maharashtra. Area of Operation of the bank is Nashik, Thane, Dhule, Aurangabad, Jalgaon, Ahmad Nagar, Mumbai and Pune.

At present the bank has nine branches and Head Office. Looking at the performance and achievements of the Bank, RBI has granted the special permission to Vishwas Co-op Bank for opening a  branch in Mumbai. Since the establishment, the bank is making a steady progress and continuously maintaining “A” audit classification. Vishwas Co-op Bank is the first bank to provide 16hours Customer service i .e. Morning 8 A.M. to Mid night 11 O’clock. The Management Information System designed by bank has been made applicable to all the urban Co-op Banks in Maharashtra. The loan application forms designed by the bank are reckoned as a model loan application form and have been followed by many urban co-op banks in Maharashtra. On6th February 2003, Vishwas Co-op Bank has been awarded the “Jagtik Marathi Chamber of  Commerce and Industries” for its best performance in the co-operative banking sector at the national level, in the presence of Hon. Chief Minister of Maharashtra Shri. SushilkumarjiShinde, Hon. Speaker of LoksabhaShri. Manohar Joshi, Hon. Governor of RBI Dr. BimalJ a l a n   a n d   E x e c u t i v e   D i r e c t o r   o f   R B I . T h r e e   o f   t h e   s i x recommendations given by the Hon. Chairman of Vishwas Co-op Bank for smooth working of the Urban Co-op Banks are accepted by the honorable governor. The good work done bythe bank is also appreciated by “SahakarBharati”, Mumbai by presenting an award of the “Best Bank” for the year 2000-2001. 

RECOGNITIONS AND SOCIAL WELFARE

(2011-2012)

The final balance sheet of Vishwas co-op bank has won the first prize. This award is won by the bank 26 times since the commencement of bank.

This Mr. Vishwas Thakur has been awarded with ‘business excellence award 2012’. Also he has been appointed on the central government committee by ‘the united nation’s general assembly’. Mr. Vishwas Thakur is also appointed as district associate by the ‘community radio association’ for his contribution in radio Vishwas 90.8 FM.

Dr. Harivinayak Kulkarni has been awarded the ‘Late BabpraojiDeshmukh award 2010-2011’ by the Maharashtra state corporative banks association.

The bank has been awarded by ‘ShantanuraoLakshmanraoKirloskar success award 2012’. This was given by the peoples arts centre, Mumbai.

‘Grantthumadari’ is a social help for the under privileged children where in the bank circulates a set of books to each unit so that there is circulation of knowledge to every child.

Acting and personality development workshop was organised by the bank in Kolhapur district for youth and kids.

‘Youth health rally’ was organised by the bank in which the youth were told about the health problems and the cure and preventions for it.

AWARDS AND RECOGNITIONS

The major achievements in the history of Vishwas co-op bank are summarised as follows:

1. Award from Jagtik Marathi Chamber of Commerce Awarded the 1st Prize in ‘Cooperative Banking Division’ by the ‘Jagtik Marathi Chamber Of Commerce & Industries, Mumbai’ for the best and quality performance in the year 2001-2002. The award was presented in the presence of Governor of RBI, Dr. BimalJalan, Chief Minister of Maharashtra, Mr. SushilkumarShinde, Speaker of LoksabhaMr.Manohar Joshi, Executive Director, Dr. NarendraJadhav and President of JMCC, Mr. ChandrakantSalunke.

2. SahakarKridaSpardha, 2002 Received ‘General Championship’ in the Sports competition in 2002 organized by District Deputy Registrar, Cooperative Societies, Nasik on 27 Oct 2002.

3. Maharashtra State Co-op. Annual Report Competition 2001-2002 Received ‘Consolation prize’ for the publishing quality data in the Annual Report 2001-2002 competition organized by the State Co-op. Development and Rural Management, Wardha.

4. National Level Award for Innovation in MIS - 2007-08 by Banking Frontier Ist prize for “Innovation in MIS” in the National level competition organised by the Global Strategies and services (Banking Frontiers), Mumbai for the year 2007-08.

5. National Level Award for ‘Best Website’ - 2007-08 by Banking Frontier Ist prize for “Best Website” in the National level competition organised by the Global Strategies and services (Banking Frontiers), Mumbai for the year 2007-08.

Regional Award

1. Sahakar Awards, 2001 Was awarded the ‘Best Urban Co-operative Bank’ by SahakarBharti, Mumbai on 8 Nov 2001 at the hands of Dr. AvinashAcharya, Mr.Madhu Kulkarni and Mr. SatishMarathe (Chairman, United Western Bank, Satara)

2. Maharashtra State Co-op. Annual Report Competition, 1999-2000 Received ‘Consolation Prize’ from National Institute of Co-operative Development and Rural Management, Sahakar Nagar, Wardha for 1999 - 2000.

3. Yuvakmudra State Level Co-op. Bank Competition, 1999-2000 Received 1st Prize in Annual Report Competition (Bank Division, Maharashtra) on 7 Apr 2000 at the hands of Finance and Planning minister of Maharastra State, Mr.JayantPatil and Law minister, Mr. VilasraoPatil.

4. Yuvakmudra State Level Co-op. Bank Competition,1999-2000 Received 4th Prize on 7 Apr 2000 at the hands of Mr. JayantPatil, the Minister for

Finance and Planning of Maharashtra State and Mr. VilasraoPatil, Minister for Law.

5. Yuvakmudra - Vita Bank Award, 2000 Received the ‘Best Co-operative Bank in Maharashtra State’ in the presence of the Cabinet Finance Minister, Mr. VikhePatil, Government of India and Finance Minister of Maharashtra State, Mr. JayantPatil.

6. National Level Award for Best NPA Recovery Innovation - 2006-07 by Banking Frontier The Award was presented by Hon.Shri.RatnakarDeole, Retd.Chief General Manager, Reserve Bank of India on 14th June 2007.

7. Maharashtra State Co-operative Annual Report Competition, 2002 - 2003 Received ‘1st prize’ at State Level Annual Report 2002 - 2003 competition, organized by the State Co-operative Development and Rural Management, Wardha (Maharashtra).

8. Best Urban Co-operative Bank Award Received 1st prize in Nasik region from the Co-operative Minister Mr. JayprakashDandekar and Mr.BabasahebKypekar from The Maharashtra State Co-operative Banks Association Ltd., Mumbai on 24 Feb 2005.

9. Best Urban Co- operative Bank Award Won the Late PadmabhushanasantdadaPatil ‘Best Urban Cooperative Bank Award’ for the

year 2002-2003. The Bank received First Prize in Nasik region which was presented by The Maharashtra State Cooperative Banks Association Ltd., Mumbai on 10 Feb 2004.

10. Maharashtra Gaurav Award, 2004 Mr.NarendraJadhav (Advisor to Governor of RBI) presented the Bank with ‘Best Urban co-op Bank Award’ on 3 Jul 2004. The award was organized by Maharashtra Kala Niketan, Mumbai.

District Award

1. SahakarKridaSpardha, 2001 Received ‘General Championship’ in the Sports competition in 2001 organized by District Deputy Registrar, Co-operative Societies, Nashik at the hands of the then Commissioner and Registrar of Co-op. Societies of Maharashtra State, Dr. SudhirkumarGoyal on 28 Jan 2001.

2. Yuvakmudra State Level Award 2001 Received 4th prize in Yuvakmudra State Level Co-op Bank Competition on 16 Feb 2003 at the hands of the then Finance Minister of Maharashtra state, Mr. JayantPatil.

3. Yuvakmudra State Level Award, 2001 Received 2nd prize in Annual Report Competition (Bank Division, Maharashtra) in Yuvakmudra State Level Cooperative Bank Competition on 16 Feb 2003 at the hands of the then Finance Minister of Maharashtra State, Mr. JayantPatil.

5. SahakarKridaSpardha 2003 Received ‘General Championship in Ladies’ section in the Sports competition, 2003 organized by District Deputy Registrar, Co-operative Societies, Nasik.

Total awards achieved by bank: 29

National-9

State -17

Regional -3

Total wards achieved by chairman: 29

National-1

State- 9

Regional-14

VISHWAS COMMUNITY RADIO 90.8 FM‘VishwasDyanprabodhani and research centre’ has launched the Vishwas community radio in Nashik district for the urban as well as rural people.This radio airs programs related to the social welfare and educational awareness. This radio is for the regional people, by the regional people and from them.

The radio station has given opportunity to various upcoming artists, researchers to showcase their talents.

The radio gives information about the regional as well as national news.

Employment news for the poor, unemployed farmers anf women is given through this channel.

Issues of social welfare are highlighted through this channel and are used to communicate with people.

Knowledge of arts, science, culture and society is given to people with the help of this radio.

Knowledge about farming and setting up small business is also given here,

Special programs for motivating women and youth are aired here.

The radio has been successful as it has been a source of information for people. The motto of the radio channel to spread knowledge with entertainment is very much helpful. This channel has helped in women empowerment and motivating people to stand up and do something on their own.

empowerment and motivating people to stand up and do something on their own.

VISHWAS CO-OP BANK IN NASHIK

BRANCH NAME ADDRESS PHONE NUMBER

Head office

Vishwavishwas park,Swatantryveersavarkarnagar,Ganagpur road,Nashik-422013www.vishwasbank.comemail id: [email protected]

(0253)-2305600,(01,02,03,04)

Sawarkarnagar Vishwavishwas park,Swatantry veer savarkarnagar,Ganagpur road,Nashik-422013

(0253)-2305600,(01,02,

03,04)

Ravivarkaranja2, rantnamoharsankul,Near ahilyadeviholkar

bridge,R.K. nashik-422001

0253-2305610,2503945

Mumbai naka Vishwajypti, govindnagar.Nashik-422009

0253-2305612,2503944

College roadWapnavibhvapat.

Adwait colony, Canada corner,

Nashik-422005

0253-02305613,231158

BRANCH NAME ADDRESS PHONE NUMBER

Nashik pune roadAshok chowk,pakhal road

corner,Nashik-422011

0253-2305614,2503575

Trimbakeshwar148, laxmi Narayan chowk,

Tal. Trimbakeshwar,Dis. Nashik-422212

02594-234388

Khutwadnagar148, laxminarayanchawk,

At post tal. Trimbakeshwar; nashik

0253-2377282

Indira nagar9, mahalaxmi enclave apt, pathardi road, Indira nagar,

Nashik.0253-2372828

MhasrulAnil heights, 6and7, opp.

Akash petrol pump, savarkarnagar, mhasrul

0253-2305615

BRANCH-WISE FINANCIAL POSITION-31.3.2013

BRANCH DEPOSIT LOAN PROFIT/LOSS

OVERDUE EMPLOYEES

Head office 0.00 0.00 -200.50 0.00 56Savarkarnagar 3714.53 2421.48 69.75 35.29 8Ravivarkaranj

a1549.56 994.65 23.68 32.64 6

Mumbai naka 4134.99 2454.08 66.86 18.61 15HPT college

road2419.41 1537.43 80.36 15.41 15

Nashik-poona road

2011.76 1235.19 22.04 19.51 6

Trimbakeshwar

357.17 328.15 15.23 1.92 3

Khutwadnagar

1000.02 762.96 14.21 0.00 5

Indira nagar 628.61 389.28 3.28 2.01 4mhasrul 361.06 295.10 -3.88 0.00 5

TOTAL 16177.11 10418.32 92.53 125.39 123

FINANCIAL POSITION

(rs. in lacs)

Particulars 31/03/201231/03/2013 Increase /

DecreaseNo. of Share

Holders8695

8872117

Paid up Share Capital

591.61663.11

71.5

Reserve Fund & Other Funds

374.00438.21

63.21

Working Capital

14558.2317637.36

3079.13

Deposits 13137.66 16177.11 15953.77Investment 4626.97 5608.41 981.44Loans & Advances

8572.4610418.32

1845.86

C.D. Ratio 65.25% 64.40% 1.15%C.R.A.R. 12.04% 11.73% -0.31%

% of Recovery 98.42% 98.75% 0.38%% of Overdue 1.58% 1.20% -0.38%

% of Gross N.P.A.

1.48%0.93%

-0.55%

% of Net N.P.A.

0.38%0.00%

0.38%

Profit (Before Income Tax)

108.2592.53

15.72

Audit ---- --- ----R.B.I. Grade ---- --- ----

Analysis

And interpretation

of

Data

INTRODUCTION

Vishwas co op bank started its journey by setting foundation stone on Tue 25 March 1997.bank has proved its best performance at both front customer and society by delivering best of services consistently.

Bank has been remained as

First Bank providing financial Support to self-help groups and bachat group.

First Bank Providing franking facility in cooperative bank sector.

First Bank serving customers for 16 hrs/day consistently.

Bank Has was serving the customer with complete professional approach. it has been proved by consistent development in business as well as branches. Employees are being given special attention always by bank by conducting.

From the initial main branch, bank has been widening its wings and it has set up new branches at prime location and taluka place like trimbakeshwar in order to serve mass number of customer by reaching their approachable locations. we as bank running total eight branches across Nashik city.

Management of Information System (MIS )of Vishwas bank has been proved as a milestone in cooperative banking sector. Bank has been recognized as ‘Model Bank’ by Govt.Of Maharashtra.

On the social front, vishwas bank has not remained behind. bank has always following obligation towards society by actively participating in social, cultural activities at various fronts and platforms.

Bank had played its vital role by distributing leaflets containing precautionary information While Contagious diseases like swain flue spreading across city. Bank also has paid attention to add on services as well as facilities like PAN card, Lockers, telephone bill payment etc.Always keeping vision before eyes; Bank has been providing financial support to needy and genuine applications.

S

BANK SERVICES

1. Saving Account

Savings Account at Vishwas Co-op Bank Ltd. Nashik comes with banquette of facilities & services to the Customers. Eligible person/s and eligible organizations or agencies as approved can open Savings Account with the Bank. Savings Account can be opened with Rs.200/- Without Cheque book facility and Rs.500/- with cheque book facility. Minimum balance to be kept in the Account is Rs.200/- & Rs.500/- only. Amount can be withdrawn from Savings Account by way of cheques or withdrawal slips. Interest is paid half yearly on Savings Account at 4 % p.a. as per the directives fixed by Reserve Bank of India. Documents required are:

a. Identification - Election Card/passport/ Driving License/Employer Card/Pan Card, Two passport size photograph.

b. Address Proof - Latest Electric Bill, Telephone Bill.

BANK SERVICES

2. Current Account

Current Accounts can be opened by Businessmen / Proprietorship / Partnership Firms / Public or Private companies requiring to do multiple or numerous business transactions. Customer can deposit or withdraw the amount as many times required. Minimum Balance to be maintained is Rs.1000/- in the account. Documents required are –

a. Identification - Election Card/passport/ Driving License/Employer Card/Pan Card, Two passport size photograph.

b. Address Proof - Latest Electric Bill, Telephone Bill.

c. Additional Documents required (If any partnership firm) – Partnership Deed. Shop Act. Other Bank NOC. Resolution.

BANK SERVICES

3. Fixed Deposits

(Safety, Security and Growth)

The Vishwas Bank offers a wide array of products and services that are especially focused on individual needs.

a. Flexibility of tenure - 15days to 10 years.b. Liquidity-

Premature withdrawal permitted (subject to applicable charges)

Loan / Overdraft up to 80% of FD amount Option of monthly / quarterly interest pay-out available.

For opening of Term Deposits A/c Documents required are –

one latest photograph pan card

(If customer having saving account there is no need any additional document.)

BANK DEPRICIATION INTEREST RATE CHART

INTEREST RATE ON DEPOSIT

Period General

Depositor

Senior Citizen,Society & Staff

15 Day to 90 days

5.50% 6.50%

91 Days to 180 days

7.50% 8.50%

181 Days to 365 Days

9.00%10.00%

12 Months 1 Day to 24 Months

9.50% 10.00%

24 Months 1 day to 36 Months

9.75% 10.75%

36 Months 1 day to 60 Months

9.50% 10.50%

Vishwasanchay yogna at trambak branch (Daily Collection)

5.00% 5.00%

Special Scheme 1% extra on one time 15 lacs

BANK SERVICES

4. Loans

Bank provides financial assistance for –

i. Term Loanii. Cash credit Loan

iii. Shop Loaniv. Home Loanv. Vehicle Loan

vi. Personal Loan

Documents Required for Loan:

a. Open a Saving / Current Account in Bank.

b. For opening an A/c, submit the required documents.

c. Become a Member of Bank

d. Apply for the Loan:

Two passport photograph of Applicant and Guarantor Address proof of Applicant and Guarantor i.e. electric

bill / Telephone Bill /Passport / Income Tax return / Election Card.

Income proof of Applicant i.e. Balance sheet /Profit & Loss / Income Tax Return copy of last 3 years to be with signed and stamped of Chartered Accountant.

If Applicant and Guarantor is salaried person then for Applicant - Salary sheet of 3 month, for Guarantor – 1 month salary sheet must fill the Bank Loan format.

e. Reason of Loan:

Clear the reason of taking a loan. How the Applicant use the loan it must be specified and also mentioned that how much time is take for returning the Monthly Instalments.

Must submit the Quotation for Loan. Loan Sanctioning for the Quotation of Electronic

equipment is 50% and other Quotation is 70%

f. Mortgage for Loan:

Fix Mortgage is must i.e. Plot, Flat, Shop, Bungalow. 70% Loan Sanction for the fix mortgages.

g. Documents required for Valuation:

1. If Flat, Shop or Row-house:

Registered Agreement photocopy Receipt of Registration Approved plan copy Commencement order photocopy Construction completion certificate or Construction

process certificate from Architect. Latest photograph of Building / place

2. If Society:

Society Registration Certificate. Membership Certificate from society.

3. If Bungalow:

7/12(sale deed) copy Approved copy from corporation Commencement Xerox Construction completion Certificate

4. If Plot:

N.A. Order 7/12 copy Sale Deed Layout plan Xerox U.L.C. Certificate

h. Register Mortgage:

1. If Plot :

7/12 copy Account Statement Lay-out copy N.A. Certificate N.A. Tax Receipt U.L.C Certificate Other Documents demanded from Advocate.

2. If Plot / Shop / Bungalow:

Sale Deed / Transfer Deed, Registration Receipt Information about Society plot purchasing 7/12 copy Property Tax Receipt N.A. Tax Receipt Society Share Certificate Society Registration Certificate U.L.C Certificate Other Documents demanded from Advocate.

i. Other Documents:

1) Shop Act License (Updated for Latest year)

2) If there is Partnership Deed (Registered)

3) If Pvt. Ltd / Ltd., company / Trust Resolution for Loan

4) Memorandum of Association Copy

5) Articles of Association copy

6) Resolution from Director for continuing Account

7) Bio-data of Directors

8) L.I.C. Policy Latest Instalment paid Receipt

9) If demand for cash credit Loan for that Stock Statement, Latest Sundry Debtors / Sundry creditors List is must

10) On Cash Credit Loan Account Quarterly 1/3 and Yearly 6 time turnover must

11) If Applicant takes a Loan from other Bank then Bank Loan Latest Statement and NOC Certificate is must.

12) If there is new Business 5/7/10 year Project Report is must.

13) 12 Advance Cheques with Indemnity.

TYPE OF LOAN

Type of Loan Loan Amount YearsEMI(Rs.)

Interest

Term Loan Rs. 1 lacs 5 2400 15%

Rs. 1 lacs 7 1950 15%

Rs. 1 lacs 10 1650 15%

Cash Credit   1 15%

Shop Loan Rs. 1 lacs 10 1650 15%

Housing Loan Rs. 1 lacs 10 1500 13%

Housing Loan Rs. 1 lacs 15 1300 13%

Vehicle Loan

Two Wheeler (New)

Upto Rs. 0.50 Lacs 3 1700 13%

Two Wheeler (New)

Upto Rs. 0.50 Lacs 5 1150 13%

Four Wheeler (New)

Upto Rs. 1.00 Lacs 5 2300 13%

Four Wheeler (Old)

Upto Rs.1.00 Lacs (Under 3 years)

5 2350 14%

Personal Loan Upto Rs. 0.50 Lacs      

Secured   3 1750 15%

Unsecured   3 1800 17% 

LOCKERS FACILITY

Vishwas bank provides interest free and rental free locker facility to the customer in following time

Saturday & Sunday - up till 3.00 pm

On Other days- 8.00 am to 9.30 pm.

Facility available on holiday also at college Rd branch & Mumbai Naka Branch  

Locker Facilities available at Savarkar Nagar, Timbakeshwar, Mumbai Naka, Khutwadnagar, Indira Nagar and Nashik-Puna Road Branches.

IN.BR LOCKERS DETAILS

TOTAL LOCKERS 200

ISSUED LOCKERS 71

BALANCE LOCKERS 129

NP.BR LOCKERS DETAILS

TOTAL LOCKERS 140

ISSUED LOCKERS 139

BALANCE LOCKERS 1

TB.BR LOCKERS DETAILS

TOTAL LOCKERS 40

ISSUED LOCKERS 28

BALANCE LOCKERS

12

MN.BR LOCKERS DETAILS

TOTAL LOCKERS 520

ISSUED LOCKERS 453

BALANCE LOCKERS 67

SN.BR LOCKERS DETAILS

TOTAL LOCKERS 264

ISSUED LOCKERS 139

BALANCE LOCKERS 125

KW.BR LOCKERS DETAILS

TOTAL LOCKERS 120

ISSUED LOCKERS 62

CONCLUSION

Training is the act of increasing the knowledge of the skill of an employee for doing a particular job. It is a short term educational process by which employees learn technical knowledge. Training refers to teaching learning activities carried on for the primary proposes of the organisation

I could know the various sectors of banking finance also the various operations performed by bank. I have gained a very knowledgeable experience from this training and many concepts pertaining to banking and finance are how cleared.