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  • 1.the kangracentralcooperative bankltd.Suksham Sood2535Nidhi Bala2539MBA (4thSem)

2. introdUction Banking occupies one of the most important positions inthe modern economic world.A bank is an establishment which makes to individualssuch advances of money as may be required and safelymade, and to which individuals entrust money when notrequired by them for use.A bank is a manufacture of credit and a machine forfacilitating exchange. 3. company historyCame into existence on 17th march 1920 (license no.Rpcd.09/2009-10).Poineeer banking institution catering needs of public andco-op societies in Kangra ,Kullu and Lahaul Spiti.Indora banking union was merged and 2nd branch of thebank opened at Nurpur in jan1956Palampur banking union was merged and 3rd branch of thebank opened at Palampur in jan19574th branch of the bank opened at Hamirpur in oct1958The bank suffered losses because of the partition in 1947to the tune of rs.10.64 lacs. 4. In March 1962, the bank suffering from the setback ofpartition was granted Rs.4.09 Lacs by the Govt. Govt. also provided Interest Free Relief Loan of Rs.3.98 Lacsand Govt. of India Loan of Rs.4.97 Lacs @ 3.87% in 1962 In1971-72 The Bank entered into the deposit mobilization scheme ofPong Dam Area aggressively and secured maximum share ofDeposit Bank Deposits increased from Rs. 256 Lacs in 1971-72 to Rs. 1054 Lacs in 1973-74.contd. 5. company profile Leading co-operative bank in North- INDIA. Head office situated in Dharmshala. Name DesignationMr. Jagdish Sepahia ChairmanMr. Karan Singh Pathania Vice- ChairmanMr. C. paulrasu Managing Director Bank has tie- ups with Axis, HDFC and ICICI Bank and alsowith Maruti Udyog Ltd. 6. VISIONTo emerge as the most trusted, admired, sought after worldclass financial institution, and to be the most preferreddestination for every customer and investor and a place ofpride for its employees. 7. MISSIONTo be a top- class Bank of its class to achieve sustainedgrowth of Business and Profitability, fulfilling socio-economicobligations, excellence in customer service, through upgradation of skills of staff, their effective participation andmaking use of state-of-theart technology. 8. FINaNcIal POSItION aS ON 31StMarch 2012Figures in LacsShare Capital 210.22Funds 55991.25Deposits 520067.41Investment 327835.94Loan 242158.32Profit 2926.82Working Capital 625966.00 9. POtENtIal OF BaNK Banking occupies one of the most important positions in themodern economic world. Bank meets the credit requirements of the farmers throughterm loans, viz., short, medium and long term loans. Bank is about to tie-up with National Insurance CompanyLimited and Kotak Mahindra, Old Mutual Life InsuranceLimited. For financing Automobiles bank will sign an MOU with HeroHonda and Tata Motors. 10. BaNKING FUNctIONS1. Accepting deposits:a). Fixed or time deposit accountb). Current or demand deposit accountc). Saving deposit accountd). Recurring deposits account2. Advancing Loans:a). Home loansb). Education loanc). CAR loan / two wheeler loand). Property loan scheme 11. e). Loan against property.f). Loan for Agriculture and allied activitiesg). Kisan Credit Card3. Other functions:a). Collection and payment of various charges.b). Locker facilities .c). Issuing DDs and Pay Order. 12. Learning from project The process of bank related transaction, bank relatedvarious terms, work environment of KCC Bank. Different techniques of dealing with the customers. How banks help in promoting capital formation andaccelerating the rate of economic development. How to deal and communicate with those customers whoare from rural areas. 13. swot anaLysisStrengths: Trusted brand nameamong its customers. Various schemes forsmall scale industries andagricultural societies. Higher interest rates thanothrs.Weakness: Lack of technicalawareness among staff. 14. .Opportunities: Banking is growingindustry, hence KCCBank has goodopportunity to make itselfleading co-operativebank.Threats: There are various publicsector and private sectorbanks which are marketleaders in bankingindustry. 15. swot anaLysisStrengths: Higher interest rates thanother banks Customers friendly staff. Strong base in ruralareas.Weakness: Customers are not fullyaware of various servicesprovided by the bank 16. .Opportunities: In INDIA people related toagriculture and smallscale industries needmore finance andservices related, so it isan opportunity for bank togrow. Mainly concentrated inthree districts ofHimachal, so it canexpand its branches toother districts.Threats: Competition among banksis main threat for thebank. 17. SuggeStionS More awareness has to be created regarding the productsoffered by K.C.C Bank. The customers are not aware of allthe products offered to them and the facilities provided. So itis suggested that pamphlets should be sent to customers tomake them aware about the latest policies and schemes. Facilities like Income Tax certificate should be sent to thecustomers by post. This facility is only available to outstationcustomers only. The documentation process for taking a loan should be shortand simple. 18. . New loan schemes should be introduced to fulfill the needs ofthe weaker sections of the society. To develop Express DD counters at various branches fromwhere Demand Drafts can be purchased without any waitingtime. To open & develop NO HOLIDAY branches to extend thebusiness hours for public transactions during 365 days in ayear. Proper guidance should be given regarding latest policies ofK.C.C BANK.