Arshia Presentation

8/14/2019 Arshia Presentation

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Background --Top 1000 banks of India,100 of

Asia, 515 branches in India Ideas Conceived by Maharaja Hari Singh in

1920 to ameliorate the social and economic

status o t e peop e o t e state Incorporation scheme given by Sir Sorobiji, N,

Pokhanwalla the then managing director of

the central bank of India Incorporated on 1st of october 1938 and

commencing business on 4th july 1939.

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………………….53% stake by the govt. of j&k

First state owned bank of the country.

Banker of j&k state govt. and appointed by

as ts agency n or carry ng generabanking business of central govt. &collection of taxes

Declared A class bank by Reserve bank of India

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………………. Vision – financially sound , profitable, growth

oriented and technology driven bankMission –blend corporate goals , with

by hard core professional approach

Values –customer sovereignty, passion for

excellence , continuous innovationtransparency and integrity , people orientedand social responsibilities

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…………………. Philosophy –commitment to ethical practices in

business , shareholder’s value , interest of shareholders and society

CRISIL- one of the leading credit rating agency re-“ ”

program indicating the highest degree of safety fortimely payment of principal and interest.

Launched “JK Bank Global Access Card” in

collaboration with Master Card recently, which isCirrus and Maestro enabled. The card is acceptableat 4700 ATM’s in India and 8 laces worldwide.

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..……………..Private sector Bank despite government

holding 53 per cent of equity.Salaries of Government officials disbursed

.Only private sector bank designated as

agent of RBI for banking.

Chairman – Mr. Haseeb Draboo

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. ……….. In the last two years, the Bank has registered a

140 per cent increase in profits.

We have seen a 108 per cent increase in therate of return on equity

A vast improvement in the Bank’s efficiency to

generate profits from every invested rupee.The efficiency of using the assets of the Bank

to generate earnings has increased 104 per cent

in two years.The stock price has more than doubled in thelast two years. We touched a high of Rs 788 lastmonth, showing a 288 per cent increase.

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. …………….Competitors -35 odd banks in the state have a

turnover of 35000 crores out of which 21000crores are of j&k bank

bank , this shows the bank’s commitmenttowards the people of the state

This is also reflective of the poor performanceof other banks in the state in serving thepeople of Jammu and Kashmir

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. ………..Future plans-go global physically and have a

unique business model product offering andservice standards ---globally recognized

After state govt. second largest stakeholders

are t e FII s wit a com ine sta e o 36% ,they are planning to give GDR’s and list theirbank in the international markets

2nd

way is a unique business model—we havethe unique brand , the Pashmina-in 1975Napoleon provided his wife a Pashmina shawl

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Not long ago, an account holder had to wait

for hours at the bank counters for getting adraft or for withdrawing his own money.

, .the most efficient bank transferred money from one branch to other in two days. Now

it is simple as instant messaging or dial apizza.

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. ……………… Phase I—the General bank of India was established

, next came Bank of Hindustan and Bengal Bank ,the East India Company established the Bank of Bengal , Bank of Bombay and Bank of Madras andcalled it Presidenc banks these banks were

amalgamated to the Imperial bank of India Phase II—govt. nationalized the Imperial bank of

India with extensive banking facilities specially in

semi-urban areas , SBI was formed as a principalagent of RBI, nationalisation scheme was followedby the govt.

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…………….Phase III—many more products and

facilities in the banking sector in its reformsmeasure , country was flooded with foreign

,and net banking was introduced , entiresystem became convenient and swift

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Financial inclusion is delivery of banking

services at an affordable cost to the vastsections of disadvantaged and low incomegroups. Unrestrained access to public goods

an serv ces s e s ne qua non o an open anefficient society. As banking services are in thenature of public good, it is essential thatavailability of banking and payment services tothe entire population without discrimination isthe prime objective of the public policy.

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……………The scope of financial inclusion can be expanded

in two ways. through state-driven intervention by way of

statutory enactments ( for instance the US

example, the Community Reinvestment Act andmaking it a statutory right to have bank account inFrance).

through voluntary effort by the bankingcommunity itself for evolving various strategies tobring within the ambit of the banking sector the

large strata of society. ARSHIA’S



…………… When bankers do not give the desired attention to

certain areas, the regulators have to step in to remedy

the situation. This is the reason why the Reserve Bank of India is placing a lot of emphasis on financial inclusion.

India the focus of the financial inclusion at present is

bank account without frills, to all. Internationally, thefinancial exclusion has been viewed in a much widerperspective. Having a current account / savings accounton its own, is not regarded as an accurate indicator of

financial inclusion. There could be multiple levels of financial inclusion and exclusion.

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Measures of Financial Inclusion

Common measure : % of adult populationhaving bank a/c – By this standard, 59%have accounts – 41% unbanked – In rural

areas 39% covered, 60% in urban areas –Unbanked population highest in NE andEastern regions

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……………..Exclusion from credit markets high :

Number of loan a/cs 14% of adult population – Coverage 9.5% in rural & 14% in urbanareas – Regional disparity large : 25% inSouthern 7% in NER 8% in Eastern 9% in

Central region – Of 203 million households,147 million in rural areas – 89 million farmerhouseholds – 51% have no access to formalor informal credit – 73% have no access toformal credit – No data available for non-farm& urban households

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……………• Sources of credit – Non-institutional

from 70.8% (1971) reduced to 42.9%(2002) – Post-1991 increased – Share of

-from 17.5% (1991) to 29.6% (2002) –Reduced from 40% (1981) to 25% (2002)

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More developed society more is the thruston empowerment of the common personand low income groups

Financial inclusion task force in UKidentified three priority areas-access tobanking , access to affordable credit, access

to free face to face money advice

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To study the concept of financial inclusion

in depth.To study the efforts done in our country at

.

To study the efforts done by j&k bank infavour of financial inclusion.

To study the effects of financial exclusion onthe poor and backward people in India

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……………….To identify people who have not yet availed

banking facilities so that I could recommendthem to the bank and no- frills account couldbe opened in their favour.

assistance so the bank could identify them sothat their request be accepted.

To create a path for the bank so that it

becomes a routine of the bank to keep onfinding people who are deprived of thebanking facilities.

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……………….

Research design:descriptiveSources of data: primary and secondary

Primary data was collected throughquestionnaires through schedules

Secondary data was collected throughcompany newsletters , internet , etc.

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……………….Sample size:50

Sample element: educationally andfinancially backward people

amp e p ace : nan nag

Research instrument: Questionnaire

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I ,AS A STUDENT OF LOVELY PROFESSIONAL UNIVERSITY AS A PART OF MY SUMMER TRAINING PROJECT HAVE BEEN

AWARDED THE JOB OF IDENTIFYING PEOPLE THAT DON’T HAVE YET AVAILED BANK FACILITIES AND DON’T HAVE ANY BANK ACCOUNTS.HERE ARE SOME QUESTIONS RELATED TO MY STUDY ,I REQUEST YOU TO KINDLY COOPERATE AND ANSWER THE QUESTIONS.PLEASE TICK THE APPROPRIATE OPTION.

•

• Name: Occupation:

• Residence:

• Number of dependants:• Number of earning members in family:

• Q1:Are you presently banking with any bank?

• Yes

• No

•

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………………• Q2: If no, give reasons.• __________________________________________________

______________________________________________________________________________________________________________________________________________________________________

•

Q3Are you aware of any bank?• Yes• No

• Q4:Are you aware of the facilities provided by the banks?• Yes• No

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…………..• Q5:”Maximum benefit of banking is taken by the rich’’.How much

do you agree with this statement?•

Strongly agree• Agree• Neither agree nor disagree• Disa ree•

Strongly disagree•

• Q6:What is your monthly income?• Less than 1000• 1000-2000• 2000-4000• 4000-5000• Above 5000

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……………….• Q7:How much are you able to save each month?• Less than 500• 500-700• 700-1000• More than 1000

• Yes• No• Q9:What interest rates do you expect on your deposits?• 6-7%• 8-10%• 10-12%• Agree with existing

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……………….• Q10:Are you aware of the various loan schemes provided by banks?• Yes

• No• Q11:What according to you should be the rate of interest on the

loan amount?• Below 5%•

5-7%• 7-10%• Agree with existing rate• RECOMMENDATIONS:_____________________________________

_________________________________________________________

____________________________________________________________________________________________________________________

• THANK YOU

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Q1:Are you presently banking with any bank?

90%100%

0%10%20%

30%40%50%60%70%

yes no

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………….Q2:If no give reasons.

461

618

illiteracy

unawareness

lack of attention

less saving

610

8

6 unsafe

inconvenience

minimum

depositsnobody approached

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………………….Q3Are you aware of any bank?

6

94

yes

no

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………………..Q4:Are you aware of the facilities provided by

the banks?

100

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…….Q5::”Maximum benefit of banking is taken by

the rich’’.How much do you agree with thisstatement?

58

40

1000-2000

2000-4000

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……………..Q6: What is your monthly income?

2

58

40 1000-2000

2000-4000

less than 1000

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……………Q7:How much are you able to save each

month?

68

26

6

500-700

700-1000

less than 500

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Our country has a large proportion of people whoare deprived of financial services provided by banks.

A large proportion of people in our country don’thave bank accounts inspite of having a large no of public and private banks

Banking services are limited to the rich and they getthe maximum benefit of the banking services whilstI think maximum benefit should be given to theneedy and the poor.

RBI is putting a lot of emphasis on the banks toprovide banking facilities inclusively.

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Banks should try their level best to give theirservices without any bias. Preference should bethose who need these services most.

RBI should make strict policies for the banks

reached.Banking formalities should be made much

simpler so that a lay man also is able to

perform them.Mass awareness programmes should beconducted throughout the country.

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…………………… A special team be formulated in every bank

whose job will be to find out those who aredeprived of the banking facilities and whodon’t have bank accounts and encourage themto save mone and de osit it in their accounts.

RBI should take certain steps to make financialinclusion obligatory upon every bank so that adream of economically sound India is fulfilled.

Small amounts should be encouraged in thebanks and they should be givenencouragement to save more and more.

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The biggest conclusion I took from this study was that thebanking services are limited to a few people. A lot of people have

been deprived from banking facilities. These people are mainly the illiterate, and the needy. So the banking system needs to bemade inclusive.

Our country is doing a lot of efforts on a revolutionary basis to.

All private and public sector banks are doing a lot to removefinancial exclusion in our country. For this no-frill accounts havebeen opened and minor loans are given.

Our country is a lot behind in providing banking servicesinclusively as compared to western countries. So a lot needs tobe done yet to improve the conditions.

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………………… A lot of people are willing to open accounts but

they are not able to do so because nobody has

approached them so far or they are not aware of banks. So a mass awareness programme needs to beformulated to create awareness among the unaware

.

J& k bank is doing a lot of efforts to reach toeveryone in the valley and for this it has launchedseveral schemes to help the artisans, fruit growersetc. It really is doing appreciable work in the valley and spreading its roots in almost every corner of the valley.

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The biggest constraint I came over in my study was of time.I had very less time. If I had enough time I would

have been able to cover a large area and a large no of people who don’t have bank accounts could have beenidentified

to face a lot of difficulties There is a lot of rush in the banks which created a lot of

difficulties The respondents I dealt with were mainly illiterate so I

had to make them understand every thing regardingbanking, interest rates and other banking activities.

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Arshia Presentation