A

PROJECT
ON
“”
Submitted to Dr. A.P.J. Abdul Kalam Technical University, Lucknow in
the partial fulfillment of the requirement for the award of the degree of
Master of Business Administration

Session: - 2022 – 2024

UNDER THE GUIDANCE SUBMITTED BY

Mrs. Astha Mam Miss. Nidhi Royal

(Faculty of MBA Department) Roll No.:- 2200850700047

S.D. COLLEGE OF MANAGEMENT STUDIES, MUZAFFARNAGAR

(Affiliated to Dr. A.P.J.Abdul Kalam Technical University, Lucknow)

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COMPANY CERTIFICATE

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COLLEGE CERTIFICATE

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 CONTENTS
Page No.
⮚ PREFACE
⮚ ACKNOWLEDGEMENT
⮚ DECLARATION
1. Introduction of Topic
2. Objective of Study
3. Company Profile
4. Research Methodology
5. Scope / Importance of Study
6. Theoretical Frame Work
7. Data Analysis
8. Findings
9. Recommendation & Suggestion
10. Conclusion
11. Limitations
12. Bibliography

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PREFACE

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DECELARATION

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ACKNOWLEDGEMENT

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INDUSTRY INFORMATION

Banking sector
A bank is a budgetary middle person and moneymaker that makes by loaning cash
to a borrower. Loaning exercise can be performed straightforwardly by giving
credit or by implication through capital market. Capital markets are monetary
market for the purchasing and offering of long haul obligation or value supported
securities. These business sectors channel the abundance of savers to the
individuals who can put it to long haul beneficial utilize, for example, government
influencing bug-to term speculations. Monetary controllers, for example, the
securities and exchange board of India (SEBI) or U.S. Securities and exchange
commission (SEC), direct the capital market in their wards to ensure financial
specialists against extortion, among different obligations. Because of the
significance in the monetary framework and impact on national economies, banks

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are very directed in perch of nations either by national government or by central
bank. Banking refers to a financial activity to manage and safeguard your hand-
earned money. Banking is one of the oldest financial institutions and it is as old as
human civilization. The origin can be traced in ancient times. Banking system
occupies an important role in the economic development of a country. Banking
institution is indispensable in modern society. It plays a vital role in the economic
development of a country. The basic functions of a bank is to collect deposits as
much as possible from customers and mobilize it into the most preferable and
profitable sector (Dufera, 2010).

Bank itself is an organization engaged in any or all the various functions of

banking viz. receiving, collecting, transferring, paying, lending, investing, dealing,
exchanging and servicing (safe deposits, trusteeship, agency, custodianship), etc.
Generally, bank means an institution that provides fundamental banking services
such as accepting deposits from the public and providing loans. A financial
institution accepts deposits from the public and provides loans from deposits.
Banking institution deals in money, so they are money traders. However, with the

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passage of time, functions of bank has been increasing and diversifying. So now,
banks are not merely the traders of money only but they also create credit. In the
past several years, Indian banking system has achieved some good milestone and
outstanding achievements to its credit. Indian banking has spread even to the
remote area of the country that shows the extensive reach of it and for inclusive
Indian growth story. Banks are the major and main participants of the financial
system in India. In this modern age, banking sector offer various facilities and
services to their customers and thereby improves the life of the citizens. There are
several popular modalities of banking. It may differ country to country.
Commercial banking is one of them. Banking and financial institutions are also
transmission channels of monetary policy, it is important for effective monetary
policy management to ensure that their financial health is sound and overall
financial sector is stable. Bank plays important role in the development of country
economy and forms the core of money market for the country. The banking
system, which constitutes the core of three the financial sector, plays a critical role
in transmitting monetary policy impulses to the entire economic system. The bank
normally has three important functions: first, the operation of payment system;
second, mobilizations of savings; and finally the allocation of savings to
investment projects (Sharma, 2011). An efficient banking structure can promote
greater amount of investment, which can further help to achieve faster growth rate
of economy. Worldwide experience confirms that countries with well developed
and market oriented free banking system grow faster and more consistently. An
efficient banking system is recognized as basic requirements for the economic
development of any economy. Bank mobilizes the saving of community into
productive.

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Growth of banking industry

In the cutting-edge sense, began in the most recent many years of the eighteenth
century. Among the principal banks were the bank of Hindustan, which was setup
in 1770 and sold in 1829-32; and the general bank of India, set up in 1786 however
flopped in 1791.

The biggest bank and the most established still in presence, is the state bank of
India (S.B.I.). It began as the bank of Kolkata in June 1806. In 1809, it was
renamed as the bank of Bengal. This was one of the three bank established by an
administration government, the other two were the bank of Bombay in 1840 and
the bank of madras in 1843. The three banks were converged in 1921 to frame the
imperial bank of India’s autonomy, turn into the state bank of India in 1955. For a
long time, the administration bank had gone about as semi-national banks, as did
their successor, until the point when the Reserved Bank of India (5) was built up in
1935, under the Reserved Bank of India Act, 1934.

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In 1960, the State Banks of India was given control of eight state-related banks
under the State Bank of India (Subsidiary Banks) act, 1959. These are presently
called its partner bank. In 1969, the Indian government nationalized 14 noteworthy
private banks; one of the huge banks was Bank of India. In 1980, 6 banks that are
more private were nationalized. These nationalized banks are the lion’s share
moneylenders in the Indian economy. They rule the saving money division due to
their substantial size and across the board organize.
Over the years, it has been observed that clouds of anxiety and drops of growth are
two important phenomena of market, which frequently changes in different sets of
conditions. The pre and post liberalization era has witnessed various environmental
changes, which directly affects the previously mentioned phenomena. It is evident
that post liberalization era has spread new colors of growth in India, but
simultaneously it has also posed some challenges. This article discusses the various
challenges and opportunities like history and growth of banks, transparency,
customer expectations, management of risks, and growth in banking sector, human
factor, global banking, environmental concern, social, ethical issues, and employee
and customer retentions. Banks are striving to combat the competition. As per the
above discussion, we can say that the biggest challenge for banking industry is to
serve the mass market of India. Companies have shifted their focus from product to
customer. The better we understand our customers, the more successful we will be
in meeting their needs. In order to mitigate above-mentioned challenges Indian
banks must cut their cost of their services. Another aspect to encounter the
challenges is product differentiation. Apart from traditional banking services,
Indian banks must adopt some product innovation so that they can compete in
gamut of competition. Technology up gradation is an inevitable aspect to face
challenges. The level of consumer awareness is significantly higher as compared to
previous years. Nowadays they need internet banking, mobile banking and ATM
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services. Expansion of branch size in order to increase market share is another tool
to combat competitors. Therefore, Indian nationalized and private sector banks
must spread their wings towards global markets as some of them have already done
it. Indian banks are trustworthy brands in Indian market; therefore, these banks
must utilize their brand equity, as it is a valuable asset for them.

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Banking sector in India:

As indicated by Reserved Bank of India (RBI), the managing an account division

in India is sound satisfactorily capitalized and all around controlled. India is one of
the main 10 economics globally, with huge potential for the managing an account
segment to develop. With the possibility to wind up the fifth biggest saving money
industry on the planet by 2020 and the third biggest by 2025, as per KPMG-CIN
report, India is managing an account and facial segment is extending quickly. The
new standards of Reserved Bank of India’s (RBI) will give incentives to bank spot
potential terrible credits and make remedial strides that we check the act of
unreliable borrowers.
The Indian banking industry is at present worth’s 81trillion (US $ 1.31 trillion) and
banks are presently using the most recent technologies like internet and cell phone
to complete exchange and communicate with the majority.

"Indian Banks" redirects here. For the historic house in the United States,
see Indian Banks (Simonson, Virginia).

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Modern banking in India originated in the mid of 18th century. Among the
first banks were the Bank of Hindustan, which was established in 1770 and
liquidated in 1829–32; and the General Bank of India, established in 1786 but
failed in 1791.
The largest and the oldest bank, which is still in existence, is the State Bank of
India (SBI). It originated and started working as the Bank of Calcutta in mid-June
1806. In 1809, it was renamed as the Bank of Bengal. This was one of the three
banks founded by a presidency government; the other two were the Bank of
Bombay in 1840 and the Bank of Madras in 1843. The three banks were merged in
1921 to form the Imperial Bank of India, which upon India's independence,
became the State Bank of India in 1955. For many years, the presidency banks had
acted as quasi-central banks, as did their successors, until the Reserve Bank of
India was established in 1935, under the Reserve Bank of India Act, 1934.
In 1960, the State Banks of India was given control of eight state-associated banks
under the State Bank of India (Subsidiary Banks) Act, 1959. However, the merger
of these associated banks with SBI went into effect on 1 April 2017. In 1969,
the Government of India nationalized 14 major private banks; one of the big banks
was Bank of India. In 1980, 6 banks that are more private were nationalized.
[8]
These nationalized banks are the majority of lenders in the Indian economy.
They dominate the banking sector because of their large size and widespread
networks.[9]
The Indian banking sector is broadly classified into scheduled and non-scheduled
banks. The scheduled banks are those included under the second Schedule of the
Reserve Bank of India Act, 1934. The scheduled banks are further classified into
nationalized banks;
State Bank of India and its associates;

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Regional banks regulated under theBanking Regulation Act, 1949. Rural
Banks (RRBs); foreign The SBI has merged its Associate banks into itself to create
the largest Bank in India on 1 April 2017. With this merger, SBI has a global
ranking of 236 on Fortune 500 index. The term commercial banks refers to both
scheduled and non-scheduled commercial banks; and other Indian private sector
banks
Generally the supply, product range and reach of banking in India is fairly mature-
even though reach in rural India and to the poor still remains a challenge. The
government has developed initiatives to address this through the State Bank of
India expanding its branch network and through the National Bank for Agriculture
and Rural Development (NABARD) with facilities like microfinance.

According to the Reserve Bank of India (RBI), there are over 24.23 million fixed
deposits in India, with a total of over 103 trillion rupees currently locked in these
deposits.
Higher flow of resources to the commercial sector from banks vise-a-vise non-
banks in FY23 can be attributed to money market rates firming up in sync with

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the increase in policy repo rate, ebbing liquidity and tighter global financial
conditions, say experts.
Flow from banks & non-banks
The flow of resources from banks and non-banks to the commercial sector in
FY23 was at ₹17, 51,417 crore (₹10, 44,088 crore in FY22) and ₹11, 97,759
(₹12, 07,615 crore), respectively.
Within the non-banks category, the flow of resources to the commercial sector
from domestic sources in FY23 was higher at 70 per cent (48 per cent in FY22)
and flow from foreign sources declined sharply to 30 per cent (52 per cent).
“Bank credit growth reflects factors such as swings in economic activity, the
availability and cost of non-bank funding, the relative cost of bank funding, the
banking sector’s health and risk appetite.
“Bank credit growth during 2022-23 was in large part a cyclical rebound from
the subdued profile during the pre-pandemic year (2019-20) and the pandemic
phase (2020-21 and 2021-22),” per RBI’s latest monetary policy report.

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The Indian banking system consists of:

1. Central Bank:
A national bank work as the pinnacle controlling establishment in the managing
an account and money related arrangement of the nation. It works as the
controller of credit, brokers and ado appreciates the restraining infrastructure of
issuing money for the benefit of the administration. A national bank is typically
control and frequently claimed, by the administration of a nation. The Reserved
bank of India (RBI) is such a bank inside India.
A central bank, reserve bank, or monetary authority is an institution that
manages the currency and monetary policy of a country or monetary union. In
contrast to a commercial bank, a central bank possesses a monopoly on increasing

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the monetary base. Many central banks also have supervisory or regulatory powers
to ensure the stability of commercial banks in their jurisdiction, to prevent bank
runs, and in some cases also to enforce policies on financial consumer
protection and against bank fraud, money laundering, or terrorism financing.
Central banks in most developed nations are usually set up to be institutionally
independent from political interference, even though governments typically have
governance rights over them, legislative bodies exercise scrutiny, and central banks
frequently do show responsiveness to politics.
Issues like central bank independence, central bank policies and rhetoric in central
bank governors discourse or the premises of macroeconomic policies
(monetary and fiscal policy) of the state are a focus of contention and criticism by
some policymakers, researchers and specialized business, economics and finance
media.

2. Schedule Commercial Bank:

Scheduled banks are those banks that are listed under Schedule II of the
Reserve Bank of India Act, 1934. The bank's paid-up capital and raised funds
must be at least Rs. 5 lakh to qualify as a scheduled bank. These banks are
liable for low interest loans from the RBI It operate for profit. It accepts
deposits from the public and extend loan to the households, the firms and the
government. The essential characteristics of commercial banking are as follows:
 Acceptance of deposits from public.
 For lending and investment

I. Public Sector Banks:

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Public sector banks (PSBs) are those banks where majority of stakes with the
government. All these PSBs are listed on stocks exchanges. Central government
entered banking industry with the nationalization of imperial Bank of India in
1955, then in 1965, 14 major banks were nationalized and in 1980, 4 more banks
were nationalized.

To Name of few PSBs: State Bank of India and its subsidiaries, Bank of India,
Bank of Baroda, Bhartiya Mahila Bank, central Bank of India.

The objective of behind nationalization where:

 To break the ownership and control of banks by a few business
 To prevent the concentration of wealth and economic power,
 To mobilize saving from masses from all parts of the country,
 To carter to the needs of the priority sector

II. Private Sector Banks:

Private Sector Banks in India made up of private and public bank. However, the
greater part of stake is in the hand of private shareholders and not with the
Government. Private Banks are categorized as old and new private bank.
Old Private Banks: these are those banks, which were not nationalized during the
process in 1969 and 1980 due to the smaller scale or regional reach only.
Example: thalami Bank, Federal Bank, ING Vysya Bank, karur Vysya Bank, etc.
New Private Banks: these are the banks, which came into operation afire the
liberalization in 1990’s. Banking regulation was amended in 1993 so that private
new private banks can enter the Indian banking industry.

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Example: ICICI Bank, AXIS Bank, HDFC Bank, YES Bank, Development Credit
Bank, Kotak Mahindra Bank RBL Bank, etc.

However, there were three certain criteria for the establishment of new private
bank, which are as follow:-
 Banks have minimum net worth of Rs. 200Cr.
 Proprietors should hold a minimum of 25% of paid up capital.
 Within 3 years of the starting of the operations, the bank should offer shares
to public and their net worth rust increase to 300cr.

III. Foreign Banks:

With the globalization hitting the world, the concept of banking has changed
substantially. The concept of foreign Banks has changed the prevailing banking
scenario in India. Banking is now crore of crore-customer family, modern
technology have been implemented like mobile banking, mobile application of
banks, etc.
Example: HSBC Bank, JP Morgan Chase Bank, Deutsche bank, Standard charter
Bank, etc.

IV. Regional Rural Bank :

Regional Rural Banks (RRBs) were started in 1970 since even afire the
nationalization, there were cultural issues related to lending to the farmers. The
main purpose of RRRs is to mobilize financial resources from rural-semi-urban
areas and grants loans and advances mostly to small and marginal farmers,
agricultural labors, etc.

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 3. Schedule non Co-Operative Bank:
Larger visit unions are often called cooperative bank. Like credit unions,
cooperative banks are owned by their customer and follow the cooperative
principle of one person, one vote.
Unlike credit unions, however cooperative banks are often regulating under both
banking and cooperative legislation. They provide services such as saving and
loans to non-rerefer, and some participate in the wholesale market for hands and
money and even equities.
Non-scheduled banks are private banking institutions that offer banking services to
the public and businesses.
o Non-scheduled banks are those that are not included in the second schedule
of the RBI Act of 1934 and do not meet all of the criteria under clause 42,
but strictly adhere to the RBI's rules.
o These banks are free to keep their CRR funds on hand, as no compulsion has
been made by the RBI to deposit them in the Reserve Bank of India.
o These banks have reserve capital of less than five lakh rupees.
o These banks may not have access to certain privileges and benefits enjoyed
by scheduled banks, such as membership in the clearinghouse, obtaining a
refinancing facility from the RBI, etc.
o The bank must be a company, rather than a sole proprietorship or
partnership.

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 I. Urban co-operative bank:

Urban co-operative bank are giving banking facility to grass root persons. As urban
co-operative banks are mostly working in the rural and semi-urban area they
understand the genuine commercial needs of the local population in their area of
operation under cooperative bank help medium and small size traders,
entrepreneurs, and artisans, farmers who are deprived banking facilities as private
sector and commercial banks tap only high profile and successful entrepreneurs.
Example: Ahmadabad mercantile co-op Bank, kakapo currier co-op Bank, borate
mercantile bank.

II. Rural co-operative bank:

The rural cooperatives are further divided into short-term and long-term structure.
The short-term cooperative banks are three tired operating in different state.
I) State cooperatives banks.
II) Co-operative banks.
III) Primary agriculture credit societies.

The Long-term structures are divided into-

I) State cooperative Agriculture and Rural Development Banks.
II) Primary cooperative Agriculture and Rural Development Banks

Different Banking Activities:

 Retail Banking.
 Business Banking

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  Corporate Banking
 Private Banking
 Investment Banking

Government initiatives:

 Pardhan Mantri Jan Dham Yojana: The scheme has been started with a
target to provide ‘universal access to banking facility starting with ‘ Basic
Banking Account’’ with overdraft facility of 15000 after six months and
rupays debit card with inbuilt accident insurance of 11 lakh and rupays,
kisan card.

 Pardhan Mantri Suraksha Bema Yojana: Accident insurance scheme

offering accidental death and disability cover for death or disability because
of an accident.

 A 112/- per annum premium will be deducted from the account holder’s
savings bank account through auto debit facility in one installment.
 In case of accidental death or fully disability, payment of 200000/- will be
given.
Banking is working specially on the guidelines of the Reserve Bank of India. Out
of all acts, Negotiable Instrument act is one of the most important acts for running
of the banking activity.

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Negotiable Instrument Act:

This is an act to define and lay down the law relating to promissory notes, bills of
exchange or cheques payable to bearer or to order. This act operates subject to the
provisions of section 31 and 32 of the Reserve Bank of India Act, 1934. Section 31
of the Reserve Bank of the India Act provides that no person in India other than the
RBI or as expressly authorized by this act , the central government shell draw,
accept , make or issue any bill of exchange , hundi, promissory note or engagement
for the payment of money payable to bearer on demand. The history of the present
Act is a long one. The Act was originally drafted in 1866 by the third Indian Law
Commission and introduced in December 1867 in the council and it was referred to
a Select Committee. The mercantile community to the numerous deviations from
the English Law in which it contained raised objections. The Bill had to be
redrafted in 1877. After the lapse of a sufficient period for criticism by the Local
Governments, the High Courts and the chambers of commerce, the Bill was
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revised by a Select Committee. In spite of this, Bill could not reach the final stage.
In 1880 by the Order of the Secretary of State, the Bill had to be referred to a
new Law Commission. On the recommendation of the new Law Commission, the
Bill was re-drafted and again it was sent to a Select Committee, which adopted
most of the additions recommended by the new Law Commission. The draft thus
prepared for the fourth time was introduced in the council and was passed into law
in 1881 being the Negotiable Instruments Act, 1881 (Act No.26 of 1881).[1]
The most important class of Credit Instruments that evolved in India was
termed Hundi. Their use was most widespread in the twelfth century and has
continued until today. In a sense, they represent the oldest surviving form of credit
instrument. These were used in trade and credit transactions; they were used as
remittance instruments for the purpose of transfer of funds from one place to
another. In Modern era, Hundi served as traveler’s cheques.[2]
According to Section 13 of the Negotiable Instruments Act, "A negotiable
instrument means a promissory note, bill of exchange or cheque payable either to
order or to bearer."[3] But in Section 1, it is also described the Local extent, saving
of usage relating to hundi, etc. and Commencement. It extends to the whole of
India but nothing herein contained affects the Indian Paper Currency Act, 1871,
Section 21, or affects any local usage relating to any instrument in an oriental
language. If such usages may be excluded by any words in the body of the
instrument, which indicate an intention that the legal relations of the parties thereto
shall be governed by this Act; and it shall come.

Types of negotiable Insurant Act:

Promissory Note:

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It is an instrument in writing (not being a bank note or a currency note) containing
an conditional undertaking, signed by the maker to pay a certain sum of money
only to, or to the order of , a certain person or to the bearer of the instrument .
A promissory note, sometimes referred to as a note payable, is a legal
instrument (more particularly, a financing instrument and a debt instrument), in
which one party (the maker or issuer) promises in writing to pay a determinate sum
of money to the other (the payee), either at a fixed or determinable future time or
on demand of the payee, under specific terms and conditions

Bills of Exchange:

‘A Bills of Exchange’ is an instrument in writing containing an unconditional

order, signed by the maker, directing a certain person to pay a certain person, to
pay a certain sum of money only to, or to the order of, a certain person or to the
bearer of the instrument .

Cheque:

Cheque is bill of exchange drawn on a specified banker and not expressed to be

payable otherwise than on demand and it include the electronic image of a
truncated cheque and a cheque in the electronic form.

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Organization Information:

Axis bank ltd, the first bank to began operation as new private in 1994 after
Government of India allowed new private bank to establish. The administrator of
jointly promoted Axis bank the:
 Unit trust of India (UTI)
 Life insurance of India (LIC)
 General Insurance cooperative ltd.
Additionally, associates National Insurance company ltd., the New India
Assurance Company, the oriental Insurance cooperation and united Insurance
company ltd.
Hub bank is the third biggest private bank in India. Pivot bank offers the entire
range of money related administration to client portion covering large and mid-
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corporate, MSME, agriculture and retail business. The Bank has a substantial
impression of 3703 branches and 13814 ATMs spread over the province as on 12
Aug which is the biggest ATM organize in nation among private sector Banks in
India. The aboard task of the bank are spread over its seven worldwide workplaces
with branches at Singapore, Hong Kong, DIFC (Dubai International Financial
Center) Colombo Shanghai and delegate workplaces Dubai and Abu Dhar.
With an accounting report size of 691330/- crore as on 31 st march 2020, Axis Bank
has accomplished steady development and stable resources quality with a 5 year
CAGR (2015-17 to 2020-21) of 15% in total assets, 12% in total deposits, in
Advance.

The most recent contribution of the bank alongside dollar Varian is the euro and
pound sterling variation of the International Travel Currency Card (ITCC). The
travel currency card is a marked prepaid travel card, which empowers traveler’s
global access to their money in neighborhood cash of the meeting province in a
shelter and in helpful way. The Bank has qualities in both retail and corporate
managing an account and is focused on embracing the best business rehearses
internationally in request to accomplish perfection.

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Axis Bank is the third largest private sector bank in India. The Bank offers the
entire spectrum of financial services to customer segments covering large and Mid-
corporates, MSME, agriculture and Retail Business.
The Bank has a large footprint of 5100+ domestic branches (including extension
counters) with 15000+ ATMs cash recyclers spread across the country. The bank
has six Axis Virtual Centers with over 1,500 virtual Relationship Managers as on
31 March 2023. The overseas operation of the Bank are spread over eight
international offices with branches in Singapore, Dubai, (at DIFC), and Gift City-
IBU; representative offices in Dhaka, Dubai, Abu Dhabi, Sharjah and an oversea
subsidiary in London, UK. The international offices focus on corporate lending,
coverage Business, Trade Finance, Syndication, investment Banking, Liability
Businesses and private banking/wealth management offerings.

Initiatives

Axis Thought Factory

An innovation hub located in Bangalore has an in-house innovation team and an
accelerator program, primarily working on artificial intelligence. With this launch,
Axis Bank became the first Indian bank to introduce a dedicated innovation lab in
the country.
Asha home loans
Asha home loans targets first-time homebuyers in the lower-income segment. The
product offers loans from ₹100,000 (US$1,300)–₹1.5 million (US$19,000) in
small towns (population less than 1 million) and up to ₹2.8 million (US$35,000) in
larger towns (population over 1 million), to customers with family incomes
of ₹8,000 (US$100)–₹10,000 (US$130) per month and above.

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EKYC
EKYC (electronic know your customer) is an online, paperless Aadhaar card-based
process for fulfilling KYC requirements to start investing in mutual funds without
the submission of any documents. Axis Bank collaborated with Visa Inc. to launch
the 'eKYC' facility, and was the first organization in India to introduce biometrics -
based KYC.

Finance Department:

In this innovative period, it is anything but difficult to know how much vital the
back is in the business. As present position of market is entirely unexpected from
old where it was anything but difficult get to back. In any case now daily it is not
in this way, it is exceptionally troublesome undertaking to raise reserve from
showcase. As today individual are confronting parcel of issue and have less
certainty level available, so it is hard to rise subsidize without appropriate
arranging.
For the bank as it is a financial institution, we can think about as backbone this
business. The organization should figure out how to get adequate back. The
organization use to keep legitimate making arrangement for the back of its own
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and of the vast no. of contributors who are there with the bank. We can
characterize financial administration as an errand of procedure and use of assets
required in business in a way so association objective can be accomplished. In
Axis Bank, its CFO and treasurer deal with the fund. Because of legitimate
approach and separate administration, the organization can have appropriate
activity of back. The main functions of the finance department of an investment
bank are generally to: Prepare financial reports of the performance of the
organization for management, for investors, for regulators, and for tax authorities.
Manage the firm's liabilities, dealing with issuing bonds, borrowing money, etc
A finance department is the unit of a business responsible for obtaining and
handling any monies on behalf of the organization. The department controls the
income and expenditure in addition to ensuring effective business running with
minimum disruptions. Besides the traditional roles of handling the payroll, income
and expenses, finance department responsibilities also include economic analysis
to improve key business strategies.
 What does a finance department do?
A finance department has specific responsibilities to carry out daily. Its primary
functions include:
1. Accounting.
Daily account record keeping is a finance department function that entails
reconciling a company's financial registers to make suitable business decisions.
Through bookkeeping and income statement preparations, the unit supports the
management in filing requisite financial data that's useful in managing funds.
2. Examining financial statements and reporting.
By analyzing a company's financial statements, the finance department evaluates
economic trends, identifies its future investment and cultivates long-term business

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plans. It uses and synthesizes financial analysis information to assist in business
decision-making.
3. Preparing and forecasting budgets.
The finance department plans and implements the company’s financial year
budget. The department also conducts research and collects data that assists in the
organization’s temporary and permanent financial forecast. The information is
essential in planning and providing informed decisions critical to expansion, such
as staff training and asset procurement.
4. Managing operations systems.
The finance department plays a significant part in acquiring, updating and
maintaining the latest operations systems to improve efficiency. A systems change
may include automation of various functions or digitalization of some
organization's systems.

Organization of Financial activities of bank:

For the bank fund its self is the item now it is anything but a simple undertaking to
deal with this back. As bank must keep watch on the store of it’s a vast number of
clients and must deal with its own substantial budgetary base. As in late it is
prominent “no fund no business” for the bank “back itself is business” . there are
assorted kind of hierarchical structure, for example, gather association,

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Committee of Board:

Audit Committee Board:

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Risk management Committee:

Stakeholders Relationship Committee:

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Customer service committee:

Review committee:

Acquisition, disinvestment and mergers committee:

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Committee of whole time Directors:

Vision and Values:

To be the preferred financial solutions provider excelling in customer delivery
through insight, empowered enrobes and smart use of technology.
Vision:
 Customer centricity.
 Ethics.
 Transparency.
 Team work

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  ownership

Business description:
AXIS Bank operates in vary segment such as treasury operations, Retail Banking,
corporate/wholesale Banking and other banking activities.

Retail Banking: Retail banking, also known as consumer banking or personal

banking, is banking that provides financial services to individual consumers rather
than businesses. Retail banking is a way for individual consumers to manage their
money, have access to credit, and deposit their funds in a secure manner.
Services offered by retail banks include checking and savings
accounts, mortgages, personal loans, credit cards, and certificates of deposit
(CDs).
Many financial services companies aim to be the one-stop-shop retail banking
destination to their individual consumers. Consumers expect a range of basic
services from retail banks, such as checking accounts, savings accounts, personal
loans, lines of credit, mortgages, debit cards, credit cards, and CDs.
Corporate/wholesale Banking:
Wholesale banking refers to banking services sold to large clients, such as other
banks, other financial institutions, government agencies, large corporations, and
real estate developers. It is the opposite of retail banking, which focuses on
individual clients and small businesses. Wholesale banking services include
currency conversion, working capital financing, large trade transactions, mergers
and acquisitions, consultancy, and underwriting, among other services .

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Investment banking:

Investment banking pertains to certain activities of a financial services company

or a corporate division that consist in advisory-based financial transactions on
behalf of individuals, corporations, and governments. Traditionally associated
with corporate finance, such a bank might assist in raising financial
capital by underwriting or acting as the client's agent in the issuance of debt or
equity securities. An investment bank may also assist companies involved
in mergers and acquisitions (M&A) and provide ancillary services such as market
making, trading of derivatives and equity securities, FICC services (fixed
income instruments, currencies, and commodities) or research (macroeconomic,
credit or equity research). Most investment banks maintain prime
brokerage and asset management departments in conjunction with their investment
research businesses. As an industry, it is broken up into the Bulge Bracket (upper
tier), Middle Market (mid-level businesses), and boutique market (specialized
businesses).

Micro Finance:
Microfinance is a banking service provided to low-income individuals or groups
who otherwise would have no other access to financial services. Microfinance
allows people to take on reasonable small business loans safely, in a manner that is
consistent with ethical lending practices.
Agri-Finance:
The role of infrastructure is crucial for agriculture development and for taking the
production dynamics to the next level. It is only through the development of

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infrastructure, especially at the post harvest stage that the produce can be optimally
utilized with opportunity for value addition and fair deal for the farmers.
Development of such infrastructure shall also address the vagaries of nature, the
regional disparities, development of human resource and realization of full
potential of our limited land resource.

AXIS Group:
Axis Bank set up fully owned 8subsidaries:
 Axis capital ltd.
 Axis finance ltd.
 Axis mutual fund trustee ltd.
 Axis asset management company ltd.
 Axis private ltd.
 Axis trustee services ltd.
 Axis bank UK ltd.
 Axis securities ltd.

Products of Axis Bank:

AXIS Bank has several products in retail banking which categories are as:

 Accounts
 Deposits
 Loans

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  Cards
 Edge Loyalty rewads.
 Forex
 Investment
 Insurance

All products have been sub-categorized as per the benefits of the products which
are as under…….

Accounts:
In this categories, we have different category such as saving account, current
accounts, salary accounts, etc; which are some categorized.

1. Saving Account:
 Basic saving account.
 Easy access saving account
 Prime saving account
 Prime plus saving account
 Senior privilege accornt
 Youth accont
 Trust/NGO account
 Pension saving account
 Axis priority saving account
 Insurance agent account
 Salary account

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