EXECUTIVE SUMMARY

I AVESH .H KAZI S.Y B.M.S DIV:-B ROLL NO 2313 done studies on abhyudaya bank ,as the project topic of subject business aspects in Banking and insurance During the project I have done making difrent techniques to make the project more attractive I took and unforgotable interview on branch manerger of abhyudaya bank .kamothe branch I gathered information by questionair and by secondry and primary data source And by reading the manual of bank I found many details on the bank. After studing I found the strength and weekness ,facililies of bank ,rules and regulations,and documention required of open a account in the bank.

In this project I have studied the complete overview of abhyudaya bank I took information from primary and secondry data source I took the interview of branch maneger of abhyudaya bank ,kamothe And from the manual of abhyudaya bank And websites of the bank I took the statics and positions on bank

DECLARATION
I do hereby declare that this piece of project report entitled A Study on overview of Abhyudaya Co-op. Bank busness MANAGEMENT STUDIES subject:- business acepets in banking and insurance is a record of original work done by me under the supervision and guidance of Prof. NITTYA MAM, pillias college of acts com and sci.This project work is my own and has neither been submitted nor published elsewhere.

PLACE:panvel DATE:23/9/201 1

Introduction to Co-operative Banks

The Co-operative banks has a history of almost 100 years. The Co-operative banks are an important constituent of the Indian Financial System, judging by the role assigned to them, the expectations they are supposed to fulfil, their number, and the number of offices they operate. The co-operative movement originated in the West, but the importance that such banks have assumed in India is rarely paralleled anywhere else in the world. Their role in rural financing continues to be important even today, and their business in the urban areas also has increased phenomenally in recent years mainly due to the sharp increase in the number of primary cooperative banks. While the co-operative banks in rural areas mainly finance agricultural based activities including farming, cattle, milk, hatchery, personal finance etc. along with some small scale industries and self-employment driven activities, the co-operative banks in urban areas mainly finance various categories of people for self-employment, industries, small scale units, home finance, consumer finance, personal finance, etc. Some of the co-operative banks are quite forward looking and have developed sufficient core competencies to challenge state and private sector banks. According to NAFCUB the total deposits & lendings of Co-operative Banks is much more than Old Private Sector Banks & also the New Private Sector Banks. This exponential growth of Cooperative Banks is attributed mainly to their much better local reach, personal interaction with customers, their ability to catch the nerve of the local clientele. Though registered under the Co-operative Societies Act of the Respective States (where formed originally) the banking related activities of the co-operative banks are also regulated by the Reserve Bank of India. They are governed by the Banking Regulations Act 1949 and Banking Laws (Co-operative Societies) Act, 1965.

Introduction to Abhyudaya Co-operative Ltd.

Abhyudaya Co-operative Ltd. Bank is banking is "accepting, for the purpose of lending or investment of deposits of money from the public, repayable on demand or otherwise and withdraw able by cheques, draft, and order or otherwise." Abhyudaya Co-operative Ltd Bank carries on the business of banking. Abhudaya Banks also perform certain activities which are ancillary to this business of accepting deposits and lending.

Since Banking involves dealing directly with money, governments in most countries regulate this sector rather stringently. Abhyudaya Co-operative Ltd Banks provide almost all payment services by conducting checking or current accounts for customers, paying cheques drawn by customers on the bank, and collecting cheques deposited to customers' accounts. Abhudaya Banks also enable customer payments via other payment methods such as telegraphic transfer. Banks have added new payment channels like Internet banking, Mobile Banking, ATMs etc. Bombay Mercantile Co-operative Ltd Banks' activities can be divided into retail banking, dealing directly with individuals; business banking, providing services to mid-size business; corporate banking dealing with large business entities; private banking, providing wealth management services to High Net Worth Individuals; and investment banking, relates to helping customers raise funds in the Capital Markets and advising on mergers and acquisitions. Banks are now moving towards Universal Banking, which is a combination of commercial banking, investment banking and various other activities including insurance

Abhyudaya Co-operative Ltd Banks in India have traditionally offered mass banking products. Most common deposit products being Savings Bank, Current Account, Term deposit Account and lending products being Cash Credit and Term Loans. Due to Reserve Bank of India guidelines, Banks have had little to do besides accepting deposits at rates fixed by Reserve Bank of India and lend amount arrived by the formula stipulated by Reserve Bank of India at rates prescribed by the latter. PLR (Prime lending rate) was the benchmark for interest on the lending products. But PLR itself was, more often than not, dictated by RBI. Further, remittance products were limited to issuance of Drafts, Telegraphic Transfers, Bankers Cheque and Internal Transfer of funds. In view of several developments in the 1990s, the entire banking products of Abhyudaya Cooperative Ltd Banks structure has undergone a major change. As part of the economic reforms, banking industry has been deregulated and made competitive. New players have added to the competition. IT revolution has made it possible to provide ease and flexibility in operations to customers. Rapid strides in information technology have, in fact, redefined the role and structure of banking in India. Further, due to exposure to global trends after Information explosion led by Internet, customers - both Individuals and Corporate - are now demanding better services with more products from their banks. Financial market has turned into a buyer's market. Banks are also changing with time and are trying to become one-stop financial supermarkets. Market focus is shifting from mass banking products to class banking with introduction of value added and customised products.

A few foreign & private sector banks have already introduced customised banking products like Investment Advisory Services, SGL II accounts, Photo-credit cards, Cash Management services, Investment products and Tax Advisory services. A few banks have gone in to market mutual fund schemes. Eventually, the Banks plan to market bonds and debentures, when allowed. Insurance peddling by Banks will be a reality soon. The recent Credit Policy of RBI announced on 27.4.2000 has further facilitated the entry of banks in this sector. Abhyudaya Co-operative Ltd bank of the future has to be essentially a marketing organisation that also sells banking products. New distribution channels are being used; more & more banks are outsourcing services like disbursement and servicing of consumer loans, Credit card business. Direct Selling Agents (DSAs) of various Banks go out and sell their products. They make house calls to get the application form filled in properly and also take your passport-sized photo. Home banking has already become common, where you can order a draft or cash over phone/internet and have it delivered home. ICICI bank was the first among the new private banks to launch its net banking service, called Infinity. It allows the user to access account information over a secure line, request cheque books and stop payment, and even transfer funds between ICICI Bank accounts. Citibank has been offering net banking to its Suvidha program to customers. Products like debit cards, flexi deposits, ATM cards, personal loans including consumer loans, housing loans and vehicle loans have been introduced by a Abhudaya banks. Abhyudaya Co-operative Ltd are also deriving benefit from the increased variety of products and competition among the banks. Certificates of deposit, Commercial papers, Non-convertible Debentures (NCDs) that can be traded in the secondary market are gaining popularity. Recently, market has also seen major developments in treasury advisory services. With the introduction of Rupee floating rates for deposits as well as advances, products like interest rate swaps and forward rate agreements for foreign exchange, risk management products like forward contract, option contract, currency swap are offered by almost every authorised dealer bank in the market. The list is growing.

Public Sector Banks like SBI have also started focusing on this area. Abhudaya plans to open 100 new branches called Personal Banking Branches (PBB) this year. The PBBs will also market Abhudaya 's entire spectrum of loan products: housing loans, car loans, personal loans, consumer durable loans, education loans, loans against share, financing against gold..

Banking Basis of Abhyudaya Co-operative Ltd

Banking Regulation Act of India, 1949 defines Banking as "accepting, for the purpose of lending or investment of deposits of money from the public, repayable on demand or otherwise and withdraw able by cheques, draft, and order or otherwise." Most of the activities a Bank performs are derived from the above definition. In addition, Banks are allowed to perform certain activities which are ancillary to this business of accepting deposits and lending. A bank's relationship with the public, therefore, revolves around accepting deposits and lending money. Another activity which is assuming increasing importance is transfer of money - both domestic and foreign - from one place to another. This activity is generally known as "remittance business" in banking parlance. The so called forex (foreign exchange) business is largely a part of remittance albeit it involves buying and selling of foreign currencies.

DOCUMENTATION FORMALITIES
Once the credit limits are sanctioned main documents are obtained fromthe client concerned. The nature of documents varies depending upon thetype of facility sanctioned and terms of sanction. They may include oneor more of the following Loan agreement conveying in terms and conditions of loan. CIBIL (Credit Information Bureau (India) Limited) report of theborrower company. Valuation report of the property to be mortgaged if any. A comprehensive credit agreement. CRs (Confidential Report) of the borrower from the banks.

 Agreement of hypothecation of book debts. Power of attorney to receive the business receivables. Pledge letters of agreement in respect of documents of title togoods covering credit limits. Insurance / contingency insurance policy. Appropriate standard policy or specific policy. Corporate and personal guarantee. Documents conveying equitable mortgage on primary security i.e.fixed assets pertaining to the project and on the additional security(collateral) Personal guarantee of the borrower and guarantor (if any) Compliance of registration of charge formalities.

The law governing Banking Activities in India is called "Negotiable Instruments Act 1881".

The banking activities can be classified as: 1) Accepting Deposits from public/others (Deposits) 2) Lending money to public (Loans) 3) Transferring money from one place to another (Remittances) 4) Acting as trustees 5) Acting as intermediaries 6) Keeping valuables in safe custody 7) Collection Business 8) Government business

Banks Products of Abhyudaya Co-operative Ltd

Accepting deposits is one of the two major activities of the Banks. Banks are also called custodians of public money. Basically, the money is accepted as deposit for safe keeping. But since the Banks use this money to earn interest from people who need money, Banks share a part of this interest with the

depositors. The quantum of interest depends upon the tenor - length of time for which the depositor wishes to keep the money with the Bank - and the ease of withdrawal. The thumb rule is, longer the tenor, higher the rate of interest and lesser the restrictions on withdrawal, lesser the interest. Exceptions, however, exist. Deposits are accepted from both resident (domestic) or non-resident Indian customers. It is the business of the banker to accept deposits so that he can lend it to others and earn interest. Depending upon the liquidity position of the market and the size of deposit, the earnings can vary and if the size of the deposit is big enough, it is advisable to shop around and get the best rate.

Type of deposit accounts (Domestic Customers) Fixed Deposit Accounts Demand Deposits Savings Account

Current account

Fixed Deposits

The term 'fixed' here denotes tenure. Fixed Deposit, therefore, presupposes a length of time for which the depositor decides to keep the money with the Bank and the rate of interest payable to the depositor is decided by this tenure. Rate of interest differs from Bank to Bank. Generally, the rate is highest for deposits for 3-5 years. This, however, does not mean that the depositor loses all his rights over the money for the duration of the tenor decided. Deposits can be withdrawn before the period is over. However, the amount of interest payable to the depositor, in such cases goes down. Tips to the depositor:

Decide in advance, the period for which you are not likely to need the money. Banks pay interest depending upon their need for long or short money. Shop around for the best rate of interest available. Avoid Banks which do not have a sufficiently long history If you need a part of the money before your deposit matures, seek your banker's advice whether taking an overdraft will be beneficial. You need to be very careful while entrusting you money to finance companies which promise lucrative rates of interest

Demand Deposits

Savings Account

As the name denotes, this account is ideal for parking your temporary savings. This account gives you a nominal rate of interest and you can withdraw money as and when the need arises. The position of account is depicted in a small book called 'Pass Book'. Such accounts should be treated as a temporary parking area because the rate of interest is much less than Fixed Deposits. As soon as your savings accumulate to an amount which you can spare for a certain length of time (even three months), shift this money to Fixed Deposit. It should be understood that your returns on the money kept in Savings Bank account are the least but the flexibility to withdraw is the highest. Rate of Interest on Savings Account is fixed by RBI and is currently 4%. Tips:

Choose a relatively smaller branch of a Bank for your savings account. To open an account, you will require a photograph and an introduction from an account holder, preferably a current account holder of the Branch. Look for such a person before going to the bank. Most banks have a minimum deposit requirement. Select a Bank which asks for the least amount, other conditions being the same Insist on a cheque book. Most Banks have restrictions on deposits. Understand the restrictions well at the time of opening the account.

Select a Bank which has minimum restrictions Some Banks impose service charges on activities like issue of cheque book, pass book, transactions in the account. Obtain a full schedule of service charges before opening the account. Avoid the Banks which impose service charges on transactions.

Current Account

Current account is an account with minimum amount of restrictions. Most individuals do not need this account. You need this account only if you make a number of deposits and withdrawals in a single day and many of the deposits are drawn on outstation banks. Banks accept deposits in current account and allow unlimited withdrawals subject to a minimum balance. This minimum balance differs from Bank to Bank. NO interest is payable on a current account. Opening of a current account is indicated in the case of a business enterprise or high worth individuals who deal with a lot of third party cheques, drafts etc. or who may at times need to borrow money from the Bank against some security. Tips:

Choose a relatively larger branch of a Bank for your current account which can give additional services. To open an account, you will require a photograph and an introduction from a current account holder of the Branch. Look for such a person before going to the bank Most banks have a minimum deposit requirement. Select a Bank which asks for the least amount, other conditions being the same Insist on a cheque book in the first instance itself and count the cheque leaves. Store your cheque book carefully. Some Banks impose service charges on activities like issue of cheque book, issuance of statement of account, transactions in the account. Obtain a full schedule of service charges before opening the account. Avoid the Banks which impose service charges on transactions

Lending money to the public

Lending money is one of the two major activities of any Bank. Bombay Mercantile Co-operative Ltd Banks accept deposit from public for safekeeping and pay interest to them. They then lend this money to earn interest on this money. In a way, the Banks act as intermediaries between the people who have the money to lend and those who have the need for money to carry out business transactions. The difference between the rate at which the interest is paid on deposits and is charged on loans, is called the "spread". Banks lend money in various forms and they lend for practically every activity. Let us first look at the lending activity from the point of view of security. Loans are given against or in exchange of the ownership (physical or constructive) of various type of tangible items. Some of the securities against which the Banks lend are:

Commodities Debts Financial Instruments Real Estate Automobiles Consumer durable goods Documents of title

Apart from the above categories, the Bombay Mercantile Co-operative Ltd Banks also lend to people on the basis of their perceived personal worth. Such loans are called clean and the Banks are understandably cagey about extending such loans. The credit card arms of the various Banks, however, fill up this void. Cash credit Account This account is the primary method in which Banks lend money against the security of commodities and debt. It runs like a current account except that the money that can be withdrawn from this account is not restricted to the amount deposited in the account. Instead, the account holder is permitted to withdraw a certain sum called "limit" or "credit facility" in excess of the amount deposited in the account. Cash Credits are, in theory, payable on demand. These are, therefore, counter part of demand deposits of the Bombay Mercantile Co-operative Ltd Bank.

Overdraft The word overdraft means the act of overdrawing from a Bank account. In other words, the account holder withdraws more money from a Bank Account than has been deposited in it. How does this account then differ from a Cash Credit Account? The difference is very subtle and relates to the operation of the account. In the case of Cash Credit, a proper limit is sanctioned which normally is a certain percentage of the value of the commodities/debts pledged by the account holder with the Bank. Overdraft, on the other hand, is allowed against a host of other securities including financial instruments like shares, units of mutual funds, surrender value of LIC policy and debentures etc. Some overdrafts are even granted against the perceived "worth" of an individual. Such overdrafts are called clean overdrafts.

Bill Discounting in Bombay Mercantile Co-operative Ltd Bill discounting is a major activity with some of the smaller Banks. Under this type of lending, Bank takes the bill drawn by borrower on his (borrower's) customer and pay him immediately deducting some amount as discount/commission. The Bank then presents the Bill to the borrower's customer on the due date of the Bill and collect the total amount. If the bill is delayed, the borrower or his customer pay the Bank a pre-determined interest depending upon the terms of transaction.

Term Loan Term Loans are the counter parts of Fixed Deposits in the Bank . Banks lend money in this mode when the repayment is sought to be made in fixed, pre-determined installments. This type of loan is normally given to the borrowers for acquiring long term assets i.e. assets which will benefit the borrower over a long period (exceeding at least one year). Purchases of plant and machinery, constructing building for factory, setting up new projects fall in this category.

Financing for purchase of automobiles, consumer durables, real estate and creation of infra structure also falls in this category. Classification of loans another way to classify the loans is through the activity being financed. Viewed from this angle, bank loans are bifurcated into:

Priority sector lending Commercial lending

Remittance Business
Apart from accepting deposits and lending money, Banks also carry out, on behalf of their customers the act of transfer of money both domestic and foreign.- from one place to another. This activity is known as "remittance business" . Bombay Mercantile Co-operative Ltd Banks issue Demand Drafts, Banker's Cheques, and Money Orders etc. for transferring the money. Banks also have the facility of quick transfer of money also know as Telegraphic Transfer or Tele Cash Orders. In Remittance business, Bank Bombay Mercantile Co-operative Ltd ' at a place 'a' accepts money from customer 'C' and makes arrangement for payment of the same amount of money to either the customer 'C' or his "order" i.e. a person or entity, designated by 'C' as the recipient, through either a Branch of Bank 'A' or any other entity at place 'b'.

In return for having rendered this service, the Banks charge a pre-decided sum known as exchange or commission or service charge. This sum can differ from bank to bank. This also differs depending upon the mode of transfer and the time available for affecting the transfer of money. Faster the mode of transfer, higher the charges.

Demand Draft A demand draft or "DD" is an instrument most banks in India use for effecting transfer of money. It is a Negotiable Instrument. To buy a "DD" from a Bank, you are required to fill an application form which asks the following information : Type of instrument needed Name of the recipient Name of the sender Amount to be transferred Place where the transferred money is to be paid Mode in which money is to be paid i.e. in cash or through a Bank Account Mode in which you will pay money to the Bank i.e. in cash or by debit to your account The application form along with the cheque on your account or cash is deposited with the counter clerk who gives you a Demand Draft (which looks like a cheque) for the amount.

Trustee Business

Under section 3 of Indian Trusts Act, 1882 a trust is an obligation annexed to the ownership of property, and arising out of a confidence reposed in and accepted by the owner, or declared and accepted by him, for the benefit of another, or of another and the owner. Banks also act as trustees for various requirements of the corporates, Government and General Public . For example, whenever a company wishes to issue secured debentures, it has to appoint a financial intermediary as trustee who takes charge of the security for the debenture and looks after the interests of the debenture holders. Such entity necessarily have to have expertise in financial matters and also be of sufficient standing in the market/society to generate confidence in the minds of potential subscribers to the debenture. Banks are the natural choice. For general public also the Bombay Mercantile Co-operative Ltd Banks normally have a facility called "safe custody" where Banks act as trustees. Banks also act as bankers to trustees appointed under the act mentioned above. A banker has a few special obligations in such accounts and accordingly special care is taken in such accounts.

Lockers Bankers are in the business of providing security to the money and valuables of the general public. While security of money is taken care of through offering various type of deposit schemes, security of valuables is provided through making secured space available to general public for keeping these valuables. These spaces are available in the shape of LOCKERS. The latter are small compartments with dual locking facility built into strong, fire and burglar resistant cupboards. These are stored in the Bank's Strong Room and are fully secure. Lockers can neither be opened by the hirer or the Bank individually. Both must come together and use their respective keys to open the locker. Hiring of Lockers is a losing proposition for the Banks, if seen in isolation as it involves major expenditure on buying those cabinets, providing a secure place to keep them and manning the facility so that the customers are serviced

immediately. Banks offer this facility as a sop to attract deposits. So do not be surprised if your Banker requests you to make a "small" fixed deposit before a locker can be allotted to you

Collection Business Apart from transferring money from one place to another, Banks are also in the business of "collecting" your money from other places. For instance, if you have received a payment by way of a cheque or DD drawn or payable at any station other than your own, you can deposit it in your account with your local banker and request for collection of the amount. The Bank will send the cheque to its branch at that centre and get the amount collected for a small fee. The amount of cheque/ draft will be deposited in your account and the fee deducted separately from your account. Banks also undertake collection of bills of exchange - both usance and demand - for their business clientele

 Utilities Facilities provided by Bombay Mercantile Co-operative

Ltd
Mobile or M-banking
After Internet Banking, Mobile Banking or M-Banking has become the buzz word in the industry.. Now where ever you are, you can access your bank account and you can do lot more things like checking your account balance, transfer money to some other account, pay your utility bills online and so on, just by comfortably sitting at your home or office. But, the technical disadvantage of Internet Banking is, you have to have internet connectivity and a computer. And here Mobile Banking comes into the picture to address the basic limitation of Internet Banking. So, Mobile Banking has given the traditional banking a newer look "Anywhere Banking". Now you don't need a PC or a laptop with internet connectivity, just you need your cell phone with you The biggest advantage Mobile Banking provides to the banks is that it helps to cut down the costs as it's even more economic than providing telebanking facilities where banks have to keep hundreds of tele-callers. Additionally, Mobile Banking helps banks to upgrade the quality of services and nature of customer relationship management. Using Mobile Banking, banks can communicate to the defined cluster of clients. The offers can be customized and this personalization can give the banking industry a huge mileage, even at a lower cost. Again, using the same mobile channels, banks can up-sell and cross-sell their highly complex financial products to the specific set of customers which can be coupled with the selling strategies of Credit Cards, Home Loans and Personal Loans etc. On the contrary, the service providers can also accrue more business by providing the Mobile Banking services to their clients. Countries like Japan, Korea or Singapore where the mobile connectivity has already reached its saturation, the service providers can make handsome business by providing additional banking services to the same static client base. In the services front, different banking services can be provided, depending upon the banking regulations in respective countries which may include Account Balance Enquiry, Account Statement

Enquiry, Credit/Debit Alerts, Bill Payment Alerts, Cheque Book Requisition, Transaction History, Minimum Balance Alerts, Fund Transfer Facilities, etc.

ATM
ATM Facilities ATM Banking allows customer the following facilities : Debits Cash withdrawal Fast cash withdrawal Balance inquiry Mini-statement inquiry Linked account inquiry Cardholder accounts transfer Message from bank Change PIN 500/- and Maximum 10000/-(per day)

Inquiry Services

Transfer Services Administrative Transactions

Facilities available Cash withdrawal Minimum Balance enquiry.

Banking Procedures:
Opening Bank A/c in Bombay Mercantile Co-operative Ltd:A bank account shall be maintained for handling the affairs of the Exchange. 1. OPENING THE BANK ACCOUNT 1.1 Selection of the Bank The General Manager should recommend a bank which would serve as the account for the Exchange. The selection should consider the financial strength of the bank, its convenience to the Exchange office, and the facilities to handle all types of transactions. The institution being

considered as the Exchange bank should be submitted to the Board of Directors for final approval. 1.2 Obtain Proper Documents Obtain the necessary forms to open the account, such as bank resolutions, encoding information, signature cards, etc. 1.3 Check Signers 1.31 Authorization or Removal of Check Signers The Board of Directors has the responsibility to authorize or rescind the authorization of check signers. Authorization of check signers is made through a letter of authority directed to the bank, signed by the Chairman of the Board of Directors. 1.32 Manual Signers Manual signatures should include two or more employees of the Central Processor. 1.33 Facsimile Signature Plate Facsimile signature should be that of the General Manager. 1.4 Purchase of Bank Checks The General Manager will obtain from the bank the transit and bank number to encode the checks. The checks are to be purchased by the Exchange. 1.5 Bank Statements Establish with the bank that the bank statements are to be submitted to the Central Processor monthly. 1.6 Minimum Bank Balance Sufficient money is to be maintained in the bank account and/or money market investments to cover all outstanding checks, accrued expenses and an amount to support servicing. Bank service charges (if any) should be properly expensed. 1.7 Bank Reconciliation Bank reconciliation are to be prepared monthly with copies available to the General Manager and the Board of Directors for review if required.

Investment of Funds on Hand

The balance in the Exchange bank account should be reviewed daily by the Central Processor, and all available funds in excess of current operating needs should be invested as directed by the Board of Directors or its designee.

Deposit Content

Deposit receipts will consist of remittances from members, receipts from the sale of purchased investments, interest earnings on investments and any other miscellaneous receipts

DISBURSEMENTS
Disbursements from the account will include, but not be limited to: Payment to members Payment for purchased investments Payment of operating expenses

Bonding

Any and all persons having control of the central bank account must be bonded in an amount appropriate for the responsibility.

Closing of Existing Bank Account

CLOSING THE BANK ACCOUNT 6.1 Approval Any decision to close the bank account will require the approval of the Board of Directors. 6.2 Preliminary Procedures After approval has been secured, a letter of intent to close the bank account is to be submitted to the bank by the General Manager to notify the bank of the Exchange's intention to close out the account at a future date. The General manager should request an appointment to discuss the necessary arrangements. The bank is to be informed that the account will remain open only as long as required to clear outstanding checks or for one year, whichever comes first, and that final notice to close the account will be sent by the Board of Directors at the appropriate time. A copy of the letter of intent to close the bank account should be submitted to the Board of Directors. 6.3 Final Closing of the Bank Account Provisions must be made for handling outstanding checks that may subsequently be presented to the bank for payment after the bank account has been closed. The Board of Directors will give

final notice that the bank account has been closed, and withdraw the authorization of all check signers. 6.4 Destruction of Unused Checks The Central Processor will make arrangements with a bonded paper dealer to destroy all unused checks. Notification of what checks were destroyed should be available to the Board of Directors.

Abhyudaya Bank Recruitment 2011

Abhyudaya Co-op Bank, one of the leading Urban Co-op. Banks, with branches in various places in Maharashtra, Gujarat and Karnataka State. Abhyudaya Co-op Bank (Multi-State Scheduled Bank) has calling online applications from qualified and eligible candidates for the recruitment of Branch Managers, Accountant and Asst. Accountants vacancies.

Total no. of posts: 50 posts

Name of the posts: 1. Branch Managers: 17 posts 2. Accountant: 08 posts 3. Asst. Accountant: 25 posts

Age limit: The candidates age is up to 45 years for the post of Branch Manager, up to 40 years for the post of Accountant and up to 35 years for the post of Asst. Accountant as on 01/06/2011.

Educational qualification: Candidates pass in Graduate/post graduate from recognized university preferably with CAIIB from Indian Institute of Banking & Finance.

Selection process: The selection would be made on the basis of performance in the written test followed by interview.

How to apply: The qualified and interested candidates have to apply through online from the www.abhyudayabank.co.in website between 10/06/2011 to 25/06/2011. No other means/mode of application will be accepted. The candidates follow the instructions at the time of online apply.

Instructions for online apply: 1. Candidates have to apply through online from the www.abhyudayabank.co.in website between 10/06/2011 to 25/06/2011. 2. Before apply online, candidates should have a valid e-mail ID, incase candidates does not have a valid e-mail ID they create a new e-

mail ID the e-mail ID should be valid for the duration of the recruitment process. 3. Candidates are advised to keep their details of educational qualifications and other personal details ready before applying as these details are required to fill in the online application form. 4. After successfully submission of online application, candidates are advised to take a print out of the online application form and preserve it for future reference and use. 5. Candidates will have to take a print out of the call letter and pasted their latest passport size photograph in the space provided for the same and bring the call letters at the time of appearing for the written examination. Candidates will not be admitted to the Written Examination without a valid call letter. 6. Candidates are advised to visit the Banks website on 01/07/2011 to download their call letters from the banks website by entering their email ID and Date of Birth. 7. Candidates at the time of interview attested copies of all necessary certificates and original certificates must be brought at the time of interview with a copy of the system generated print out of the application.

CONCLUSION

The study at Abhyudaya Co-operative Bank gave a vast learning experience to me and has helped to enhance my knowledge. During the study I learnt how the theoretical financial analysis aspects are used in practice during the working capital finance assessment. I have realized during my project that a overview of co-operative banks own multi-disciplinary talents like financial, technical as well as legal know-how. During studing this project I learnd how to take followings informations

1.how to take in interview of well positioned officer 2.how to arenge the project systematically 3.how to arenge the gather information 4.how to take out information from internet 5.how to prepare a ppt

BIBLIOGRAPHY

Reference: Books & Publications: Banking and insurance: vipul prakashan.

Abhyudaya Bank manuals and circulars

Webliography: Websites: www.abhyudayabank.com www.google.co.in www.rbi.org.in www.wikipedia.org www.investopedia.com