Give a brief overview of the presentation. Describe the major focus of the presentation and why it is important.Introduce each of the major topics.To provide a road map for the audience, you can repeat this Overview slide throughout the presentation, highlighting the particular topic you will discuss next.
Jankalyan Co-operative Bank - final ppt
VISIONTo value everyones money and to multiply itfor the customers and achieve customersatisfaction.
MISSIONTo make the citizen’s of India understandtheir potential ability and help thegrowth of the society.
HIERARCHY OF FINANCIAL DEPARTMENTFINANCEEARNINGDEPARTMENT• INVESTMENT• RECOVERYTEAMLEADER• ROLES• RESPONSIBILITIESBOD• FORECASTING• PLANNING• DELIVERY• SPOKES PERSON
MICROFINANCE A group is formed in which not more than 20 people are taken. The account is formed in the name of the group Every member is given a passbook and cheque book. Every member has to put in a certain amount of money in the accountevery week. Loan is then issued to an individual from the group with 15% interest tillthe time that person returns the amount.
Microfinance Caters to..• Small farmers not owning more than 2 hectares ofagricultural land• Landless cultivator of agricultural land including orallessees , tenants• Artisans, micro entrepreneurs and women etc
Raising FinanceStrategies -• Surveys• Tie ups (Early establishment tie ups)
CAPITAL RAISINGInitial paid up capital Rs. 200 crores.Promoter’s contribution is 40 % of the paid up capital i.e. 80 croresThe promoters’ contribution of a minimum of 40% of additional capital islocked in for a minimum period of 5 years from the date of receipt of capitalby the bank.The initial capital, other than the promoters’ contribution, is raisedthrough public issue & private placement.
SAVING ACCOUNTS• 0 balance account• No charges for first initial year• ATM facility• For first 500 customers sim card and balance worth Rs. 200free.
Loan Schemes for Microfinance• Agricultural / Mortgage Loan’s• Personal Loan• Education Loan• Loan for SME’s• Vehicle Loan
JANKALYAN’S UNIQUE SCHEMES• Kuber Varsha – This scheme is especially for Farmers who want to buy cropseeds, pesticides and fertilizers, tools, livestock etc. the loan would be offeredat 15% interest on the principal amount.• Mahila Vikas Padhati – For women who want to put up their own businesslike pickles, achaars etc. Interest charged at 10%• Airan Mahatva – For blacksmiths who want to expand their unit and business.Interest charged at 15%• Jhatpat Vaahan Karz – For garage and Cycle Shop Owners. Interest chargedat 15%• Poushtik Aarogya – For poultry and cattle owners. Interest charged at 15%
GOLD LOAN• Mortgage your gold at 0% interest rate for the first month• The amount disbursed will be 500 rupees less than marketrate.• The interest charges for 3 months will be charged at 12% p.a• The interest charges for 3-6 months will be charged at 13% p.a• The interest charges for more than 6 months will be chargedat 14% p.a
Suvarna Varsha• Pay monthly installment of Rs. 500 to Rs. 2000 every month.• Keep it for one year, two years or three years.• At the maturity stage the bank will add one installmentdepending on the number of years. i.e 500 for 1 year, 1000 for2 years and 1500 for 3 years.• Buy gold coins or bars with that money from the bank• You can even sell it back to the bank if not required in theform of coins or bars only.
KAR BACHAT YOJNA• Tax saving FD• Rs. 1 lakh per year are deductable• 5 years period, 3 years locking period• Interest rates-senior citizens – 11%others – 9 %
Other Facilities• Current account• Lockers• FD’s• Recurring deposits (Dhanavarsha)• KISAN VIKAS PATRA
PROMOTION & ADVERTISING• KRUSHI MELA• DOOR TO DOOR MARKETING• ELECTRONIC MEDIA• F.M RADIO• HOARDINGS• NEWSPAPERS-SAKAL-PUDHARI-LOKMAT-KESARI
…• MAGAZINES- Baliraja- Godva- Kisan• AWARENESS PROGRAMME BY INFLUENTIAL PERSON (SABHA)• ON STATE TRANSPORT BUS AND RIKSHAWS• AGRICULTURAL EXPOS
Operations Department in Banks work under several Sections which areas follows:Section A: Pre-planning:Obtain the following:•Prior internal audit workpapers.•Prior internal audit report(s) and management replies.•Staff assignments for the audit.•Time budget.OPERATIONS DEPARTMENT
Section B: Item ProcessingRequest the following and prove totals to the corresponding dailystatement on a scope basis:• Official checks.• Expense checks.• Certified checks.• Money orders.• Dealer finance.OPERATIONS DEPARTMENT
Section C: Retail Services1) Review W-8s. Determine that these forms are renewed afterthree years.2) Obtain the listing of outstanding collections and review forproper documentation.Section D: ATM SectionObtain an understanding of the controls over the ATM branchadministration. Indicate in a memo the procedures that arefollowed relating to maintenance, upgrades, etc. of ATMs.OPERATIONS DEPARTMENT
Services Provided:-• Providing support & services is typical in such huge softwareimplementations. Services provided by Infosys for the maintenanceof the application include.• Application development and maintenance• Application management• Independent validation• Migration services• Performance tuning• Software performance engineering• System integration• Value mining
Solutions Provided :-• Core Banking• e-Banking• Mobile Banking• Treasury• Wealth Management• Direct Banking• Islamic Banking• Finanz Tools• CRM• Advizor• Lite• Analyz• Alerts• Customer Experience• Inclusion Solution• Operational Data Store• Mobile Bank-in-a-Box• WatchWiz• Core Banking for RRBs