Interim Report Omkar

SVKM's NMIMS
Mukesh Patel School of Technology Management and

Engineering
INTERIM REPORT
ON
Banking Finance and Retail Banking
By
Omkar Gangurde
Roll Number: A084
SAP Number:70472019480
Faculty Mentor Industry Mentor

Dr Ranjit Dhunde Mr Swapnil Shelar
INTRODUCTION
Banking finance, therefore, refers to the administration of financial and capital in a given
establishment that is a bank. As an operation, it’s a broad concept that encompasses
functions like the administration of deposits, giving out loans and other operations on
financial instruments. Banking finance is essential for the economic sustainability of any
financial institution as it plays the role of meeting the liquidity needs of a company and legal
solidity of a company.
The Retail Banking Department of a bank is the one that focuses on direct sale of banking
products and services to members of the public, excluding companies and corporations. This
department is the most public and easily reachable of all, serving the People’s demand for
basic Banking services. Core Functions include:
 Deposit Accounts
 Loan Products
 Payment Services
 Investment Services
 Insurance Products
ABOUT THE COMPANY

Rajkot Nagarik Sahakari Bank Ltd. is a leading co-operative bank, having its headquarters at
Rajkot city of Gujarat State in India. The Bank was established on 5th October 1953 under
the leadership of late Shri Keshavlal Amrutlal Parekh as Chairman and late Shri
Janmashankar Antani as Managing Director with a small capital amount of Rs.4,890
contributed by 59 members. It was the first co-operative institution to start functioning in
the erstwhile state of Saurashtra and was inaugurated by "Sahakar Maharshi" late Shri
Vaikunthbhai Metha. Bank has made tremendous progress since its inception, achieving
new heights in banking as well as co-operative sector, becoming the pride of Saurashtra
region under the leadership of former Chairman late Shri Arvindbhai Maniar.
During past decades, the Bank has played vital & leading role in the development of
industries, business & economy of Rajkot city, development and nursing of co-operative
movement in Saurashtra.
Bank has grown manifolds over the years. Membership (share-holders) of bank is inching
towards 3 lacs mark which is a record by itself & provides an example of how a mass
movement can be turned into the instrument of social upliftment. Today, the Bank has
more than 7.20 lacs deposit accounts with a deposit base of Rs 6200+ crores and 45,000+
establishments/individuals enjoy credit facilities of Rs 3800+ crores.
WORK PROFILE OF DEPARTMENT IN MIP ORGANIZATION
1. Financial Planning and Analysis (FP&A):

 Developing and monitoring the bank's annual budget.
 Forecasting future revenues and expenditures.
 Analysing financial performance against budgeted targets.
 Providing strategic insights to senior management for decision-making.
2. Regulatory Reporting:
 Preparing and submitting regulatory reports to financial authorities.
 Ensuring compliance with financial regulations.
 Coordinating with regulators during inspections and audits.
3. Credit and Risk Management:

 Assessing creditworthiness of retail customers.
 Setting credit limits and terms for loans and credit cards.
 Monitoring and managing the risk of the retail loan portfolio.
4. Operations:
 Managing the day-to-day operations of retail branches.
 Ensuring smooth functioning of banking systems and processes.
 Implementing operational improvements to enhance efficiency and customer
experience.
5. Compliance:
 Ensuring retail banking operations comply with banking regulations and internal
policies.
 Conducting training for staff on compliance matters.
 Monitoring transactions for suspicious activities and reporting as required.
6. Loan Origination and Processing:

 Application Review: Checking loan applications for completeness and initial
eligibility.
 Documentation: Gathering and verifying required documents.
 Credit Analysis: Assessing applicants' creditworthiness based on credit reports and
financial data.
7. Loan Approval and Underwriting:
 Risk Assessment: Evaluating loan risks and determining loan terms.
 Loan Structuring: Setting interest rates, repayment schedules, and collateral needs.
 Final Approval: Preparing and obtaining final loan approval.
8. Loan Disbursement:
 Funding: Releasing loan funds to borrowers.
 Monitoring: Ensuring funds are used as intended.
PROJECT DESCRIPTION
Overseeing and learning the transaction process which includes the funds transfer from one
bank to another and how RBI and the NPCI work accordingly to make the process smoother
and risk free, also understanding the daily financial transactions (RTGS/NEFT) with the help
of core banking system.
Understood how to analyse the customer’s credit score through credit reports generated by
the head office to decide whether to grant the loan amount to them. The evaluation of all
the necessary documents required for the loan, then onsite inspection of the mortgaged
security if it immovable, etc.
Tasks remaining in the MIP organization include analysing the performance of the clients or
companies through their financial statements with the help of ratios for evaluation of their
financial repayment capacity and the percentage of assets and liabilities, to approve for
large funds of loan requested by them.
Signature of Student
Signature of Industry Mentor Signature of Faculty Mentor

Date: 04/07/2024 Date:

Interim Report Omkar

Uploaded by

Interim Report Omkar

Uploaded by

SVKM's NMIMS

Mukesh Patel School of Technology Management and

Roll Number: A084

Faculty Mentor Industry Mentor

ABOUT THE COMPANY

WORK PROFILE OF DEPARTMENT IN MIP ORGANIZATION

1. Financial Planning and Analysis (FP&A):

3. Credit and Risk Management:

6. Loan Origination and Processing:

Signature of Industry Mentor Signature of Faculty Mentor

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