IMPLEMENTATION OF MIS IN BANKING SECTOR (SBI) Submitted to: Prof. Vatsal Shah Submitted by: Prashant Maharshi ISBE/PGP/SS/2011-13
HISTORY• Three Presidency Banks• Amalgamated in 1921• Was the Central Bank of India• Came into picture in 1st July, 1955
NEED OF MIS IN BANKING• Regulatory requirements indicated by the RBI for preparation of Off-site Monitoring Surveillance (OSMOS) Reports on a regular basis in electronic format• Need for timely submission of Balance Sheets and Profit & Loss Accounts• Need for Inter-Branch Reconciliation of Accounts within a definite time frame• Need to undertake risk management strategies and for this purpose build up appropriate sets of data and market intelligence reports.
CORE BANKING• 100% business is on CBS• 8500 ATMs : Over 2 million transactions per day• Internet banking services• SBI 100% network globally
SERVICES IN SBI• Mobile Payments• Electronic Clearing Services(Credit)• NEFT• RTGS• Ticket booking online
BANKING & INFORMATION NETWORK• Fast and efficient tax collection Govt.-2-Customer• Timely settlement of funds Govt.-2-Business• Real time MIS• Timely payment of benefits• Efficient & speedy transfer of Govt.-2-Employee funds
SUPPLY CHAIN Four Tier Transfer Process Central Transfers funds to State State will Transfer funds to District District in turn will Transfer to Block and Finally Block will Transfer to BeneficiaryThe functionality of payments to various vendors and salary expenses is also included in this application
BENEFITS OF MIS• Data can easily be accessed and analyzed without time consuming manipulation and processing.• Decisions can be made more quickly and with confidence that the data are both time-relevant and accurate.• Integrated information can be also kept in categories that are meaningful to profitable operation.• Significant cost benefits, time savings, productivity gains and process re-engineering opportunities are associated with the use of data warehouse for information processing.
Government Banking is largelydriven by commitment to the nation than by commercial considerations