SYNOPSIS

TOPIC: A STUDY ON CREDIT APPRAISAL PROCESS IN KARNATAKA BANK LTD, HEAD OFFICE, MANGALORE.

SUBMITTED BY: SUDARSHAN K 4SX11MBA44 2ND MBA (BAFM) SUBMITTED TO: Mrs. DIVYA PRABHU MBA DEPARTMENT SAHYADRI COLLEGE OF ENG. AND MGT. ADYAR, MANGALORE

INTRODUCTION: AS PER RBI GUIDELINES, THE RESIDENTIAL STATUS OF AN INDIAN CHANGES TO THAT OF THE NON-RESIDENT, IN THE EVENT OF HIS STAY ABROAD BEING MORE THAN 183 DAYS. THIS PERIOD OF 183 DAYS IS NOT APPLICABLE IN CERTAIN CASES LIKE GOING OVERSEAS FOR EMPLOYMENT OR BUSINESS. IT IS MANDATORY TO INFORM THE BANK OF YOUR CHANGE OF YOUR RESIDENTIAL STATUS. WITH A VIEW TO ATTRACT THE SAVINGS AND OTHER REMITTANCE INTO INDIA THROUGH BANKING CHANNELS FROM THE PERSON OF INDIAN NATIONALITY / ORIGIN WHO ARE RESIDING ABROAD AND BOLSTER THE BALANCE OF PAYMENT POSITION, THE GOVERNMENT OF INDIA INTRODUCED IN1970 NON-RESIDENT(EXTERNAL) ACCOUNT RULES WHICH ARE GOVERNED BY THE EXCHANGE CONTROL REGULATIONS. THE FUNDS HELD IN NON-RESIDENT (EXTERNAL) ACCOUNTS (NRE ACCOUNTS) QUALIFY FOR CERTAIN BENEFITS LIKE EXEMPTIONS FROM TAXES IN INDIA, FREE REPATRIATION FACILITIES, ETC. NRI BANKING FACILITIES ARE AVAILABLE TO NRIS AND PIOS.

OBJECTIVES OF THE STUDY TO GET OVERVIEW OF NRI BANKING SERVICES TO STUDY

TO ANALYZE THE GROWTH OF NRI BANKING SERVICES THE INNOVATIVE CONCEPTS EMERGING IN THE BANKING INDUSTRY FOR NRIS

TO STUDY THE FACILITY PROVIDED BY NRI BY INDIAN BANKS

METHODOLOGY OF THE DATA COLLECTION THE REQUIRED DATA FOR THE STUDY ARE TO BE COLLECTED MAINLY FROM THE TWO SOURCES. THE PRIMARY SOURCES AND THE SECONDARY SOURCES. 1. PRIMARY SOURCES INCLUDE THE DATA COLLECTION THROUGH OBSERVATION, DISCUSSIONS AND PERSONAL INTERVIEW WITH THE OFFICIALS OF THE CREDIT DEPARTMENT OF THE KARNATAKA BANK.

2. SECONDARY SOURCE INFORMATION WILL BE COLLECTED THROUGH INTERNET, BOOKS FROM THE LIBRARY, ANNUAL REPORTS, JOURNALS, CIRCULARS, AND THE RECORDS OF THE BANK.

COMPANY PROFILE: ESTABLISHED IN 1985, THE KOTAK MAHINDRA GROUP HAS BEEN ONE OF INDIA'S MOST REPUTED FINANCIAL CONGLOMERATES. IN FEBRUARY 2003, KOTAK MAHINDRA FINANCE LTD, THE GROUP'S FLAGSHIP COMPANY WAS GIVEN THE LICENSE TO CARRY ON BANKING BUSINESS BY THE RESERVE BANK OF INDIA (RBI). THIS APPROVAL CREATED BANKING HISTORY SINCE KOTAK MAHINDRA FINANCE LTD. IS THE FIRST NON-BANKING FINANCE COMPANY IN INDIA TO CONVERT ITSELF IN TO A BANK AS KOTAK MAHINDRA BANK LTD. TODAY, THE BANK IS ONE OF THE FASTEST GROWING BANK AND AMONG THE MOST ADMIRED FINANCIAL INSTITUTIONS IN INDIA. THE BANK HAS OVER 323 BRANCHES AND A CUSTOMER ACCOUNT BASE OF OVER 2.7 MILLION. SPREAD ALL OVER INDIA, NOT JUST IN THE METROS BUT IN TIER II CITIES AND RURAL INDIA AS WELL, IT IS REDEFINING THE REACH AND POWER OF BANKING. PRESENTLY IT IS ENGAGED IN COMMERCIAL BANKING, STOCK BROKING, MUTUAL FUNDS, LIFE INSURANCE AND INVESTMENT BANKING. IT CATERS TO THE FINANCIAL NEEDS OF INDIVIDUALS AND CORPORATES. THE BANK HAS AN INTERNATIONAL PRESENCE THROUGH ITS SUBSIDIARIES WITH OFFICES IN LONDON, NEW YORK, DUBAI, MAURITIUS, SAN FRANCISCO AND SINGAPORE THAT SPECIALIZE IN PROVIDING SERVICES TO OVERSEAS INVESTORS SEEKING TO INVEST INTO INDIA.

BIBLIOGRAPHY: HTTP://WWW.NUCSOFT.COM/NUCWEB/OFFERINGS-CAS.HTM FILE:////KOTAK MAHINDRA ,BANK,WIKIPEDIA,ENCYCLOPEDIA.HTML