PROJECT REPORT ON“RETAIL FINANCING” BY: KOMAL SINGH ROLL- NO: 1014370016 MBA – 2nd Yr IMSEC
CONTENTS• INTRODUCTION• PROJECT PROPOSED• RESERCH METHODOLOGY• OBJECTIVES OF THE STUDY• SCOPE AND SIGNIFICANCE OF THE STUDY• PRODUCTS / SERVICES OFFERED BY SYNDICATE BANK• FINDINGS / SUGGESTIONS OF THE PROJECT• CONCLUSION• BIBLOGRAPHY
INTRODUCTION• Syndicate Bank Ltd. is one of the oldest and major commercial banks of India. At the time of its establishment, the bank was known as Canara Industrial and Banking Syndicate Limited.• The bank, along with 13 major commercial banks of India, was nationalized on 19 July 1969, by the Government of India
PROJECT PROPOSED• The research project is on the topic of “RETAIL FINANCING” discussing with the project mentor about, what is retail financing and the various investment vehicles used in our planning finally we decided upon the project title to know the clients perception about the retail financing and how bank can create value creation for the customers by providing specialized financing services in form of the retail financing and their products and services..
RESEARCH METHODOLOGYThe main purpose behind framing the methodology is todescribe the research procedures, which includesresearch design, data source, data collection method,research instrument and sampling plan is used for theproject.• SAMPLING TECHNIQUE: Convenience Sampling• TARGET: Customers• SAMPLE SIZE: 500ANALYSIS- Questionnaire is analysed with the help ofgraph, charts and tables.
OBJECTIVES OF THE PROJECT– To study the retail financing and their services paid by the bank to the customers.– To study the appropriate investment vehicle of the clients according to their profile– To study the changing outlook of the people towards retail financing in the time of economic slowdown.– To innovate and connect to customers through appropriate products and services which are suited to their needs according to the market scenario.
PRODUCTS / SERVICES OFFERED BY SYNDICATE BANK• Syndicate Bank Credit Cards• Syndicate Bank Auto Loans• Syndicate Bank Home Loans• Syndicate Bank Personal Loans• Syndicate Bank Fixed Deposits• Syndicate Bank Saving Accounts
FINDINGS / SUGGESTIONS• Proper knowledge of each product and services should be given to customers to achieve their financial goals.• Specialists should be appointed in the field of tax planning, insurance, loans, etc.• Financial advisors and private agents with small salary or the franchise should be appointed for providing these services.• Syndicate bank launches a product it should provide full knowledge and training to its staff and should not pass only the circular.• The officers should be properly trained and should have some professional degree in this regard.• Moreover there should be one special officer appointed for rendering these special services.
CONCLUSION• The exhaustive research in the field of financial area threw up some interesting treads which can be seen in the above analysis. A general impression that we gathered during data collection was unawareness among people about various aspects of financial services paid by the bank to the customers.• Retail financing offers a lot of benefits which no other single option could offer. The advisors may be try to highlight some of the value added benefits planning such as tax benefit, rupee cost averaging, and systematic transfer plan, rebalancing etc.•• These benefits are not offered by other options single handedly. So these are enough to drive the investors towards retail financing. Investors could also try to increase the spectrum of services offered.
BIBLOGRAPHY Books referred for the project are:• Business Statistics by S.P. Gupta & M.P. Gupta• Business Today (monthly magazine)• Business World (monthly magazine)• Economics Times The references for the project are:• http://en.wikipedia.org/wiki/Bank• Taylor, Alison; Sansone, Alicia (2007). The Handbook of Loan Syndications & Trading. New York: McGraw-Hill. p. 23. ISBN 0-07-146898-6.• ^ Taylor, Alison; Sansone, Alicia (2007). The Handbook of Loan Syndications & Trading. New York: McGraw-Hill. p. 36. ISBN 0-07-146898-6.• ^ Caouette, John B.; Altman, Edward I. (1998). Managing Credit Risk. New York: Wiley. p. 19. ISBN 0-471-11189-9.• ^ Taylor, Alison; Sansone, Alicia (2007). The Handbook of Loan Syndications & Trading. New York: McGraw-Hill. p. 68. ISBN 0-07-146898-6.• ^ Fabozzi, Frank (1999). High-Yield Bonds. New York: McGraw-Hill. p. 43. ISBN 0-07- 006786-4.