PREPARED BY MOHAMMAD ISHAQ MBA 3RD SEM (217) BFCMT

CONTENTS 1.INTRODUCTION OF J&K BANK 2.VISION & MISSION 3.SAVING AND CURRENT ACCOUNTS 4.RESEARCH METHODOLOGY 5.SWOT ANALYSIS 6.SUGESSTIONS/CHALLANGES

Introduction

Industry
Founded Headquarters
Number of locations

Financial, Commercial banks

1938 Srinagar, India 577 branches/offices Mostly J & K
20,595,000,000

Area served
Revenue

Employees Website

7269
www.jkbank.net

The Jammu & Kashmir Bank was founded on October 1, 1938 under letters patent issued by the Maharaja of Jammu and Kashmir, Hari Singh. The Maharaja invited eminent Kashmiri investors to become founding directors and shareholders of the bank, the most notable of which were Abdul Aziz Mantoo, Pesten Gee and the Bhaghat Family, all of whom acquired major shareholdings

VISION
To catalyze economic transformation and capitalize on growth. Our vision is to engender and catalyze economic transformation of Jammu and Kashmir and capitalize from the growth induced financial prosperity thus engineered. The Bank aspires to make Jammu and Kashmir the most prosperous state in the country, by helping create a new financial architecture for the J&K economy, at the center of which will be the J&K Bank.

MISSION Our mission is two-fold: To provide the people of J&K international quality financial service and solutions and to be a superspecialist bank in the rest of the country. The two together will make us the most profitable Bank in the country

SAVING AND CURRENT ACCOUNTS OF J&K BANK

SAVING ACCOUNT Salient Features

Account can be opened with a minimum initial deposit of

100/- to

500/-

Convenient and easy to operate account to save time and money.

. Suitable for irregular income group No time bar on depositing or

withdrawing money.

Who can open this Account?

A person in his/her name. More than one person in their joint names. Minor through guardian or himself if above 10 years of age. Illiterate persons. Blind persons. - Associations, clubs, Societies, Trusts, etc.

Facilities
Anywhere banking facility. ATM/Debit card. Telebanking facility. Cheque book facility

Current Accounts

Platinum Account Gold Account Premium Plus Account Premium Account Basic Account

Current Account Schemes

Purpose Validity

Business account.

. Six months. However, revalidated for

further 3 months. Platinum Current Account Gold Current Account Premium Plus Current Account Premium Current Account Basic Current Account

Variants

Platinum Current Account

Minimum average quarterly balance*Rs 5.00 lacs Free Demand Draft issuance. Free duplicate Demand Drafts. Free Collection of Bills. Free Pay orders / Banker's Cheque issuance Free inter-branch funds transfer Free cheque collection. Free Debit Card & much more...

Gold Current Account

Minimum average quarterly balance* of Rs 2.50 lacs. Free Demand Draft issuance upto Rs 50 lacs per month. Free inter-branch funds transfer. Free bill collection upto Rs 5.00 lacs per month Free cheque collection & much more...

Premium Plus Current Account

Min. average quarterly balance Rs1.00 lac. Free demand draft issuance upto Rs 30 lacs per month. Free bill collection upto Rs 2.00 lacs per month. Free inter-branch fund transfer upto Rs 50.00 lacs per month. Free cheque collection & much more...

Premium Current Account

Min. average quarterly balance Rs 50,000. Free demand draft issuance upto Rs15 lacs per month. Free Pay Order / Banker's Cheque.. Free inter-branch fund transfer uptoRs 20.00 lacs per month. Free local cheque collection & much more...

Basic Current Account

Min. average quarterly balance Rs 1,000 (rural) Rs 3,000 (semi urban / urban)
Rs 5,000 (Metros)

SAVING AND CURRENT ACCOUNTS OF SBI

SAVINGS BANK ACCOUNT

Our Savings Bank Account helps you to plan and save for your future financial requirements. Your savings remain liquid, safe and earn moderate interest.

SAVING ACCOUNT

Benefits
Card Convenience Easy and Wide Accessibility Monitoring Your Account Moderate Earning Value Added Features

CURRENT ACCOUNT

BENEFITS

Card Convenience Easy and Wide Accessibility Monitoring Your Account Transaction Ease Other Benefits Overdraft facility. Transfer of accounts between our wide network of branches. Nomination Facility - Available. Low minimum balance requirements

SAVING AND CURRENT ACCOUNTS OF HDFC BANK

Regular Savings Account

An easy-to-operate savings account that allows you to issue cheques, draw Demand Drafts and withdraw cash. Check up on your balances from the comfort of your home or office through NetBanking,PhoneBanking and MobileBanki ng. Need money urgently? Withdraw cash from any of the 5,998 ATM centres spread across the country.

Features & Benefits

Personalised cheques with your name printed on each cheque leaf for enhanced security. Take advantage of BillPay, an instant solution to all your frequent utility bill payments. Instruct for payment over the phone or through the Internet. Avail of facilities like Safe Deposit Locker, Sweep-In and Super Saver facility on your account. Free cash withdrawals on any other Bank's ATM* Free Payable-at-Par chequebook, without any usage charges. Free InstaAlerts for all account holders for lifetime of the account. Free Passbook facility available at home branch for account holders (individuals).

Account Operation

 A minimum deposit of Rs. 10,000 (Metro / Urban Branches), Rs. 5000 (Semi-Urban / Rural Branches) is required to open an account and thereafter an Average Quarterly Balance of the same amount has to be maintained.
 Please Note: It is mandatory to maintain a minimum Average

Quarterly Balance (AQB) of Rs. 10,000 (Metro / Urban Branches), Rs. 5000 (Semi-Urban / Rural Branches). If the balance is not maintained, a service charge of Rs. 750/- will be levied per quarter. .  If you open a Fixed Deposit Account of Rs. 50,000/-, then you no longer have to maintain a minimum balance of Rs. 10,000 (Metro / Urban Branches), Rs. 5000 (Semi-Urban / Rural Branches) in your Savings Account. In effect your account becomes a Zero Balance Account.

Regular Current Account A Current account is ideal for carrying out day-to-day business transactions. With the HDFC Bank Regular Current Account, you can access your account anytime, anywhere, pay using payable at par cheques or deposit cheque at any HDFC bank branch. It also facilitates FREE NEFT transactions & FREE RTGS collections for faster collections in your account. Regular Current Account requires you to maintain an average quarterly balance of only Rs. 10,000. With a vast network of branches in cities all over the country, and access to a multitude of ATM's, you can keep track of all your transactions anytime

Features & Benefits

Convenient inter-city banking : Free anywhere cheque payment Free payments and collections through NEFT Free RTGS collection. RTGS payment @ Rs.25/- per transaction Inter-city Account to accounts funds transfer between HDFC Bank accounts at a nominal charge of Rs.15/- per transactions Free Demand Drafts (DD) above Rs.100,000/-. Demand drafts up to Rs.50,000/- at flat cost of Rs.40/-. DDs above Rs.50,000/- & up to Rs.100,000/- at nominal cost of Rs.25/- . Free Pay Order (PO) above Rs.100,000/-. Pay Order up to Rs.50,000/at flat cost of Rs.40/-. POs above Rs.50,000/- & up to Rs.100,000/- at nominal cost of Rs.25/- . Payable at par cheque book at nominal price.

RESEARCH METHODOLOGY
Objectives of Study

To study the credit policy of banks operating in Jammu and Kashmir with special reference to j&k bank To study the credit of J&K bank in different industrial sectors. To analyze the different products offered by j&k bank to cater the market needs in the state. To analyze the market strategies adopted by the J&K Bank.

Methodology

Success or failure of any project entirely depends upon methodology adopted by the researcher. Methodologies basically use different methods of research systematically and scientifically. Objective of the study, its research design, its sampling design, coding and editing methods, presentations and analyses of the data together with interpretation of the data are essential part of research methodology

Primary data: It is the first hand collection of data from the respondents by using questionnaires and interviews. Secondary data:

This is the second hand data that has already by collected by others. It includes data collection through Magazines Journals Internet

Selection of

locale:

The present study will be conducted in the Pulwama city. Selection of samples: Sampling is the most important phase in any research. Sampling is known as the foundation of a research project. A sample is that part of universe which I select for the purpose of investigation. The sample should exhibit the characteristics of the universe that is it should be a small universe. Sampling Method : In this project the random sampling method of Probability will be used. Sampling Area : Study cover Different Areas of Srinagar city

Tools and technique used in the study

Primary Data:

Questionnaire and Personal Interview.

Secondary Data:

Journals and other research reports.

Interview

Interview is a Screening of information through a professio nal conversation with an individual for a research study or to aid in social diagnoses or treatment. The interview is in a sense, their foundation upon which all other elements rest, for it is the data gathering phase.

RESEARCH DESIGN
Fundamental to any marketing research project is a sound research design. A good research design has certain characteristics viz. problem definition, specific method of data collection and analysis etc; a research design is purely and simply the framework or plan for a study that guides the collection and analysis of data. In this research Explorative and Descriptive Research method was adopted

SWOT ANALYSIS
Strengths: The strengths of J&K bank analyzed by me are:The bank has one unique source of strength, which if calculated carefully can be virtually impregnable- its roots are in state as a such it shares with the people of J&K. a Kinship and empathy for the cause of the states, which no outside bank ever can. The J&k Bank also performs the leaders role in j&k, as a leader the bank continued to discharge its lead bank responsibility in 8 out of 14 districts of J&K state satisfactorily

Weaknesses:
While doing the summer training in J&K Bank I found the following weaknesses:yThere is less competent staff at lower level. yWeak competitive capability because of lack of lesser advertisement budget. yLabor problems because of militancy in the state which results in strikes and tense conditions. yThe activities of branch managers are not effectively monitored.

Opportunities:

These are external concerning the business environment. Opportunities do not come frequently and therefore, the management must exploited them to the max. Extent without any delay. each opportunity should be analyzed in terms of its profitability. The opportunities analyzed by me for J&K Bank are:There is agriculture market which is still fully not trapped by J&K bank. There are allot of schemes in regarding agriculture such as post harvesting, preservation schemes and many others. The historical activities of the state such as carpet industry, Dastacar finance Khamband scheme and many other activities of historical importance -Are not still fully covered by j&k bank.

Threats: Competitors like SBI, HDFC, Central Cooperative Bank, ICICI Banks may enter in the field to provide finance facilities. There may be change in the policy of state government.

SUGESSTIONS
The agriculture and the horticulture should be given prompt attentions and new schemes regarding these sectors should be implemented the fruit grower and the farmer could get more benefits from the scheme. The J&K Bank should adopt an integrated approach to agriculture financing by addressing an entire chain from production to consumption with a deep sectoral focus. The Bank should also include credit facilities to cold storage and warehouses. The J&K Bank should also focus on financing of post harvest, infrastructure such as grading, packing facility, cold storage and fruit juice manufacturing and other such facilities. Education should be given prompt attention and new schemes should be developed for this purpose. The J&K Bank should now follow intensive lending rather than extensive lending; the process of intensive lending builds the network of financial intermediation and then leverages these for extensive lending. Credit counseling centers should be created so that customers can get complete and adequate information about the different products adopted by the JK Bank and the interest rates

THANK U