Professional Documents
Culture Documents
Misha Project
Misha Project
Introduction of Co-operative
Bank
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1.1 Meaning of Bank: -
Bank is one type of Organization, which is related with monetary activity.
They collect money from one class of economy and give to the other class of
economy. It means they collect deposit from people and give them to the
needy people as advances.
In funny language you can say, Banking means my mind and other peoples
money
First part is latest which include Indian Joint Stock Company, Foreign
Exchange Bank, Co-operative Banks, Land Mortgage Banks, Postal Savings
Bank, SBI and RBI.
On the other hand, Second part include shrafi Firm, Shrof, etc.
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Co-operatives are based on the values of self-responsibility, democracy,
equality and solidarity. In the tradition of their founders, co-operative
members believe in the ethical values of honesty, openness, social
responsibility and carrying for others.
Unlike commercial banks, which are occupied in the helping, the industrial
and commercial sectors of the economy, the co-operative Banks on the other
hand provide credit and other associated facilities to the rural and
agricultural sectors.
Under the Banking Regulation Act of 1904, co-operative banks have been
brought under the control of Reserve Bank Of India (RBI).
In India, co-operative activity was started in 1889.the noble ideals like unity,
similarity, honesty, loyalty and mutual co-operation etc. are the base of Co-
operative activity.
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The activity of urban co-operative Banking was to extraordinary developed
in the latter half 20th century. There is two reason of this. Banking regulation
Act 1949 was apply to the co-operative Bank in 1966. At that time there was
only 400 Urban co-operative Bank in the whole country. Then in 1969,
nationalization of 14 large business banks was become in the country. Today
in our country, there are about 1400 urban co-operative Bank providing
service in area of villages and cities.
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on capital subscribed as condition of membership. Members allocated
surpluses for any of the following purposes: developing their co-operative,
possibly by setting up reserves, part of which at least would be indivisible,
benefiting members in proportions to their transactions with the co-
operative, and supporting other activities approved by the membership.
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1.4 Three tire Structure of Co-operative Bank in India: -
(1) Primary Co-operative credit society: -
Primary credit society is at the bottom of three-tier structure of co-operative
Banks.
The society normally associates farmers. So only few people living within
the area of society are admitted as members, here individual of a precise area
meet together stimulated by sentiment, feeling, emotion of co-operation.
Every member has to pay his share in a share capital.
(2) District Co-operative Bank: -
This bank is a link joining state co-operative bank with the primary credit
society. The Bank amasses deposits from rural area from the farmers and
supplies opportunity for secure investment of the money of primary credit
society.
(3) State Co-operative Bank: -
These bank especially co-ordinates the activities of district central co-
operative banks and give them required direction. State co-operative bank is
a chain between co-operative activity and countrys money market.
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1.5 Co-operative Flag: -
The international co-operative alliance has in 1925 adopted the beautiful
seven-colored pattern of the rainbow horizontal strips as its international
flag, the flag of co-operation, progress and peace. The flag has seven colors.
They are violet, indigo, blue, green, yellow, orange and red.
The seven hues of the rainbow when blended together reunite to present pure
unstained white effulgence. Thus it stands for purity truth and righteousness.
It symbolizes the aims and ideals of the co-operative movement like the
rainbow co-operation brings hope to the depressed achieves harmony among
diverse interest and offers the promise of an ultimate and universe peace.
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CHAPTER 2
Introduction of Sarvodaya
Sahkari Bank Ltd.
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2.1 Brief History of the Sarvodaya Sahakari Bank Ltd.: -
The Sarvodaya Sahakari Bank Ltd. established by Mr.Vitthalbhai P. Amin,
President of Gujarat Urban Co-Operative banks federation of that time.
Mr.Ashabhai Patel, President of Surat District Co-Operative Sangh, was the
President of inauguration. Mr.Arunbhai Jariwala, the President of Federation
of Art Wearing Industries, was the special guest and blessing given by rev.
Narmadnandji Maharaj.
The bank was started at 10, Sadhana Society, Varachha Road, Surat, the
house of the President of the bank of that time Mr.Prabubhai Makanjibhai
Bhakta. The main intention of bank was to help financially to economically
poor classes of the society, small merchants, small industries and labourers
for their advancement. Moreover, it was also the reason of the bank to
encourage the small savers to have the habit of to saving of money.
In the begging, The bank was given a limited working area of ward no.15 of
S.M.C., Varachha Road from there difficult to make progress in the banking
area in such a small work field. Although, by checking the chart of the bank
history progress everyone is impressed by the slow yet steady of the bank.
For the purpose of expanding the service area of the bank, the bank has
started its office at their own building with facility of centrally A.C. named
SHREENIDHI near Varachha Road Subway on 15th April, 1991. So that
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bank has got the customers of Varachha Road as well as A.K.Road, Sumul
Dairy Road, Vastadevdi Road and Station Area.
The bank had started its first branch at Centre Point Building, Kadiwala
School, Ring Road on 27th March, 1997 and on the same year on 3rd
December it had started second branch at Ved Road. After that the bank was
continued its progress and strted its third branch on 29th August, 1999 at
Puna Kumbhariya Road, Magob and fourth on 23rd November, 1999 at
Sargam Shopping Centre, Parle Point. The ATM facility is available at Main
Branch, Ring Road Branch and Parle Point Branch. The VAT machine and
Tele Banking facility is available at all the branch. By taking into
consideration the requirement of customers the bank has started the facility
of Safe Deposit Walt. The bank has started single window concept at all
branch so that customers can make any transaction at any counter ie. deposit
cash, withdraw cash, clearing. Cheque, transfer, etc. The bank has given
facility of DMAT (Dematerialization) account and it collect the light bill of
the GEB.
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2.2 List of Board of Directors: -
Name Position
1. Mr. Maheshchandra R. Lakhwala President
2. Mr. Madhusudan N. Katargamwala Managing Director
3. Dr. Bharatbhai N. Shah Vice-President
4. Mr. Prafulchandra A. Shah Director
5. Mr. Vallabhabhai H. Patel Director
6. Dr. Kanaiyalal G. Mavani Director
7. Mr. Chadrakant N. Trivedi Director
8. Mr. Jayntilal M. Fudanwala Director
9. Smt. Dr. Jayaben B. Bhakta Director
10. Mr. Yogendra J. Parikh Director
11. Mr. Rameshchandra J. Reshamwala Director
12. Mr. Kanubhai H. Shah Director
13. Mr. Rajendrabhai M. Chokhawala Director
14. Mr. Mahendrabhai R. Kajiwala Director
15. Mr. Vipinbhai N. Shah Advisor
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2.3 Branches of Sarvodaya Sahakari Bank Ltd.: -
(1) Head Office
SHRENIDHI Khandbazar Varachha Road.
(2) Ring Road (Ktodara) Branch
Center point Building, Ring Road.
(3) Ved Road Branch
Ramji chambers, Ramji Nagar, Ved Road.
(4) Puna Kumbhariya Road Branch
N.J. complex, Magob, Punakumbhariya Road.
(5) Athwalines Branch
M/25, Sargam Shoping Center, Parle point.
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2.4 Social and Academic Activities of Bank: -
Bank gives donation to various institutes like school, colleges, hospital,
trust, etc. the Bank complete their social responsibility by providing better
service and helping them.
The following table represents the name of some party donated by the
Sarvodaya Bank.
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CHAPTER 3
Theoretical Background of
Loan
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3.1 Meaning of Loan: -
Loan is a method of lending under which bank gives credit to a borrower for
a fixed period and for a specific purpose. Loan are promises for future
payment, they have to be repaid in periods beyond a year and are therefore
long-term liabilities.
Many a time a borrower needs funds for fixed assets or non-respective type
of activities and thus seeks money from the bank that is withdrawn in one
lump sum. The loan amount is normally repaid in installments. Loan may be
shot-term, medium-term or long-term.
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3.2 Loan Procedure: -
Generally various banks adopt following procedure for loan.
Appraisal of Loan
Documentation
2. Appraisal of Loan: -
The bank follows good appraisal system for effective lending and to make
easy repay in future way. The main task of the lending bank is to make sure
that the income generated from the loan is sufficient to repay the loan
installments according to the terms and conditions of amortization. The risk
involved in term lending is much more than the risk in short-term lending
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because the loans are given to new undertaking, or for the modernization and
expansion of existing undertaking and for loan period.
Before sanctioning any loan a banker should assure himself that the
borrowing concern shall be able to earn sufficient income to pay the loan
installments. The methods of analysis and standard to be adopted for an
appraisal of loan are more similar to investment decision than to short-term
lending. The appraisal of loan included projection of future trends of output,
sales estimated of costs, returns and flow of funds. It is extremely difficult to
have a clever cut formula for the appraisal of term loan since many factors
have to be considered such as the type of borrowing bank and its activities,
the markets potential, its management, and financial position. The amount of
loan and the period of its repayment. Another important factor is whether to
give weight age to profitability or to its broad economic significance in the
development of the economy.
3. Documentation: -
After completing the step of submit the application and appraisal system of
loan. Then loan applicant should collect the document for borrowing loan,
every documents and requirement are needed according to the co-operative
bank rate. If the loan applicant wants to borrow loan of huge amount, so at a
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time strong documents are presented by loan applicant against bank like
evident of shareholders, original and photocopy of propertys documents,
photocopy last three years income tax returns file, etc. if loan applicants has
no any recommendation from share holder so firstly the bank becoming
share holders of his bank by issuing share to them, so above types of
documents are used to borrow loan and advances from the bank.
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3.3 Types of Loan: -
Generally bank grant loans for different period like shorts, medium and long
and for different purpose. Broadly, the loans granted by banks are classified
follows
Bank Loans
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(3) Composite Loans: -
When a loan is granted both for buying capital assets and for working capital
purpose, it is called a composite loan. Such loans are usually granted to
small borrowers, such as artisans, farmers, small industries, etc.
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4. Profitability: -
The system is comparatively simple; interest accrues to bank on the entire
amount lent to customer.
2. Abuse of funds: -
Banks have not control over the use of funds borrowed by the customers.
However, banks insist on hypothecation of the assets purchased with loan
amount.
3. Indistinct period: -
Though the loans are for fixed period but in practice roll over, i.e. they are
renewed frequently.
1) Gold Loan: -
The bank gives gold loan to customers or people on pledge of ornament of
gold. First decide the value of ornament by the help of goldsmith of bank.
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And bank grant the 40 to 50% loan on valuation of ornament of gold.
Generally this loan is given for two years and after two years customer will
have to return this loan with 15% interest. There are on any rebut provide by
bank on gold loan.
2) Personal loan: -
Personal loan advances granted to salaried employees against personal
security called as personal loan.
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3) Hypothecation Loan: -
These types of loan given for stock, machinery, vehicle and furniture.
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4) Fixed Deposit Loan: -
A banker may give advance to the depositor on the security at Fixed
Deposit receipt. Bank grant 50 to 80% face value of loan fixed deposit
receipt. This type of loan bank generally grants against NSC/KVP,
government security, share, and LIC policy. In this facility, bank charge 1%
more than the fixed deposit rate from the borrower. In the case of third party
bank also charge 13%, which is ever higher, or 3%more than the fixed
deposit rate. There is no any rebate on fixed deposit loan.
Cash credit: -
This type of loan provide to creditable customer by the bank in the form at
certain limit against stock, property personal guarantee, stock and book
debts for business purpose. Bank charge 15% interest from borrower against
cash credit.
The customer as per his fungible or security can take a loan up to that
specified limit. The customer can withdraw money from his account, which
is called cash credit account.
Overdraft: -
Overdraft means customer can withdraw more amount than the amount
credited in his account. This type of advances given to the creditable
customer for the purpose of business and good stock purchases for a small
period of time. Overdraft is only given to current account holder against
fixed deposit receipts, NSC, KVP, share certificates, LIC policy,
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government security and against assets. Bank may charges on such advances
at the rate 15% interest.
7) Swarojgar Loan: -
Swa means him self and rojgar means employment. Swarojgar loans given
to self-employed persons for expansion to their business. Various self-
employed people like engineers, doctors, C.A., shopkeepers, taxi drivers,
rickshaw driver can get such loan to start their profession, practice and to
purchase equipment etc. On such loan bank charge at rate 15% interest and
there is no any rebate on such loan. The bank grant loan up to 60% to 70% at
the total amount required for starting a new business. Borrowers can be
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allowed 30 months on this loan after it borrower will has to repay loan
amount with interest.
The following criteria required for taking loan from the bank.
Signature of director for introduction
Minimum 2 sureties are compulsory with their background
Borrowers background
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This loan provide for construction, additions, alteration, repair of the house
etc. in the form of long-term period. Bank charge @ 14% for up to
Rs.200000 and 14.5% for above Rs.200000 duration of repayment up to 60
months and for the duration of repayment above 60 month bank charge 15%
for up to Rs.200000 and 15.5% for above Rs.200000 respectively. If
borrower repay loan amount with interest, get 2% rebate by bank.
The following criteria require for housing loan:
Background of borrowers
Minimum two sureties are compulsory with their background
Recommendation of board of directors
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CHAPTER 4
If there are advantages of study then obviously there are limitation of that
study also. So, some limitations of this study are: -
Time period for the study is limited as we have got two months for
this project, but if we got more time than analysis can be much broad.
Analyses of only two banks are done rather than more banks.
Study is limited to local area of Surat.
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CHAPTER 5
Comparative Study
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7.1 Study of loan Sanctioned by Sarvodaya Bank & Varachha
Bank in 2001-02: -
Sr. No. Particular Sarvodaya Varachha
Bank Bank
1 Gold Loan 0.02% 6.10%
2 Personal Loan 0.76% 1.30%
3 Hypothecation Loan 26.49% 19.97%
4 Fixed Deposit Loan 6.97% 3.08%
5 NSC/KVP Loan 0.71% 0.77%
6 Cash Credit Loan 20.43% 30.17%
7 Self Employed Loan 0.10% 1.11%
(Table 2)
30.17%
35.00%
26.49%
30.00%
Percentage
20.43%
19.97%
25.00%
20.00%
15.00%
6.97%
6.10%
10.00%
3.08%
1.30%
1.11%
0.76%
0.71%
0.77%
0.10%
0.02%
5.00%
0.00%
Sarvodaya Bank Varachha Bank
Name of Banks
(Graph 1)
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7.2 Study of loan Sanctioned by Sarvodaya Bank & Varachha
Bank in 2002-03: -
Sr. No. Particular Sarvodaya Varachha
Bank Bank
1 Gold Loan 0.04% 5.35%
2 Personal Loan 0.47% 0.90%
3 Hypothecation Loan 17.95% 16.30%
4 Fixed Deposit Loan 8.59% 3.47%
5 NSC/KVP Loan 0.99% 0.85%
6 Cash Credit Loan 23.10% 35.15%
7 Self Employed Loan 0.09% 0.86%
(Table 3)
35.15%
40.00%
Percentage
35.00%
23.10%
30.00%
17.95%
25.00% 16.30%
20.00%
8.59%
15.00%
5.35%
3.47%
10.00%
0.99%
0.90%
0.85%
0.86%
0.47%
0.04%
0.09%
5.00%
0.00%
Sarvodaya Bank Varachha Bank
Name of Banks
(Graph 2)
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7.3 Comparative Study of Interest Rate on loan of Sarvodaya
Bank & Varachha Bank: -
Sr. Particular Sarvodaya Bank Varachha Bank
No
Rate Rebate Net Rate Rebate Net
1 Gold Loan 15% Nil 15% 13% Nil 13%
2 Personal Loan 15% 2% 13% 14% 1% 13%
3 H.P. Loan 15% 2% 13% 14% 1% 13%
4 Fixed Deposit Loan FD+1% Nil FD+1% FD+2% Nil FD+2%
5 NSC/KVP Loan 11.5% Nil 11.5% 13% Nil 13%
6 Cash Credit Loan 15% Nil 15% 14% Nil 14%
7 Selfemployed Loan 15% Nil 15% 15% 2% 13%
(Table 4)
20%
Percentage
10%
5%
0%
Sarvodaya Bank Varachha Bank
Name of Banks
(Graph 3)
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7.4 Comparative Study of loan Amount of Sarvodaya Bank &
Varachha Bank: -
Sr. No Particular Sarvodaya Bank Varachha Bank
1 Gold Loan 50% of Valuation 50% of Valuation
2 Hypothecation Loan 75 % of Quotation 70% of Quotation
3 Fixed Deposit Loan 80% of Face Value 85% of Face Value
4 NSC/KVP Loan 70% of Face Value 85% of Face Value
5 Self Employed Loan 70% of Requirement 80% of Requirement
(Table 5)
Loan amount
100%
85% 85%
80% 80%
Percentage
75%
80% 70% 70% 70%
40%
20%
0%
Sarvodaya Bank Varachha Bank
Name of Banks
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7.5 Comparative study of Time period of Loan of Sarvodaya
Bank & Varachha Bank: -
(Figure shows Months)
Sr. No. Particular Sarvodaya Varachha
Bank Bank
1 Gold Loan 24 24
2 Personal Loan 35 24
3 Hypothecation Loan 60 24
4 Fixed Deposit Loan Up to Maturity Up to maturity
5 NSC/KVP Loan Up to maturity Up to maturity
6 Cash Credit Loan 12 12
7 Self Employed Loan 30 30
(Table 6)
Time Period
70
60
60
50
Months
40 35
30 30
30 24 24 24 24
20 12 12
10
0
Sarvodaya Bank Varachha Bank
Name of Banks
Gold Loan Personal Loan H.P. Loan Cash Credit Loan Selfemployed Loan
(Graph 5)
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7.6 Comparative Study of Recovery, Overdue and doubtful debt
of loan of Sarvodaya Bank & Varachha Bank: -
Sr. Particular Sarvodaya Bank Varachha Bank
No
Recovery Overdue Debt Recovery Overdue Debt
1 Short-term 94% 5.8% 0.2% 78% 10.5% 11.5%
2 Medium-term 97% 2.9% 0.1% 91% 3% 6%
3 Long-term 98% 2% -- 92% 6% 2%
4 Total Loan 96% 3.7% 0.3% 87% 6.5% 6.5%
(Table 7)
120%
14.00%
12.00% 94%97%
98% 96%
100%
10.00% 91%92%
87%
Percentage
8.00%
80%
78%
6.00%
4.00%
60%
2.00%
0.00%
40%
Sarvodata
Sarvodaya
Varachha
Varachha
20%
0%
Sarvodaya Bank Varachha Bank
Overdue
Name of Banks Debt
Short-term Short-term
Medium-term MLong-term
edium-term
T otal Loan Long-term Total Loan
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CHAPTER 6
Findings
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By the comparative study of loan schemes, I found various differences in the
loan schemes of both banks. The findings in different schemes are as follow:
1. Gold Loan: -
By comparison of gold loan of both bank, I found that interest rate on gold
loan of Sarvodaya bank is 2% high as compare to Varachha bank. There is
no any rebate on gold loan of both banks. The amount of gold loan given by
Sarvodaya bank is 50% of valuation of gold where amount given by
Varachha bank is also 50% of valuation of gold. So the amount of gold loan
given by Sarvodaya bank & Varachha bank is equal. Also, the time period of
gold loan of both banks are equal which is 24 months.
2. Personal Loan: -
Comparative study of personal loan of both banks gives clear difference
between interest rate, rebate, amount of loan, time period, etc. the interest
rate on personal loan of Sarvodaya bank is 1% high than Varachha bank. But
the rebate provided on personal loan is 1% more than Varachha bank. So, if
customers repay the loan timely, than there is no difference between interest
rates of both banks. The amount of personal loan given by Sarvodaya Bank
is 20,000 and given by Varachha bank is 30,000. so amount of personal loan
given by Varachha bank is high than Sarvodaya bank. Time period of
personal loan in Sarvodaya bank is 11 months more than Varachha bank.
3. Hypothecation Loan: -
The hypothecation loan is divided in to two parts i.e., Machinery
hypothecation and Vehicles hypothecation. The interest rate on machinery
hypothecation of both banks is equal but interest rate on vehicle
hypothecation of Sarvodaya bank is 1% higher than Varachha bank. The
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rebate on machinery hypothecation of both bank are equal and rebate on
Vehicle hypothecation of Sarvodaya bank is 1% more than Varachha bank.
The amount of hypothecation loan of Sarvodaya bank is 75% of quotation.
Where the mount of Varachha bank is 65% to 75% of quotation. Time
period of hypothecation loan of Sarvodaya bank is 60 months, which is 36
months more than Varachha bank.
5. NSC/KVP Loan: -
By comparative study of NSC/KVP loan, it is clear that interest rate of
Sarvodaya bank is 11.50% and interest rate of Varachha bank is 13.00%. So
interest rate of Varachha bank is 1.5% more than Sarvodaya Bank. The
amount of NSC/KVP loan provided by Sarvodaya bank is 70% of
NSC/KVP. Where amount provided by Varachha bank is 85% of NSC/KVP.
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has to renew the cash credit loan and the time period of Varachha bank is
also same as Sarvodaya bank.
Finally, it is clear that, except the fixed Deposit loan and NSC/KVP loan,
interest rate on all loan scheme of Sarvodaya bank is higher than the
Varachha bank.
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CHAPTER 7
Suggestions
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There are some suggestions to Sarvodaya bank. There suggestions are as
follows: -
Bank should reduce interest rate and increase the amount of personal
loan to attract borrowers.
Bank should reduce the interest rate and increase the amount of self-
employed loan to attract the borrowers.
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CHAPTER 8
Bibliography
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Name of book Author Publisher
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CHAPTER 9
Annexure
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A. BALANCE SHEET OF
THE SARVODAYA SAHAKARI BANK LTD.
FOR THE YEAR ENDED ON 31ST MARCH, 2003
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1.Fixed Deposits 55,12,19,399=30 Gold Loan 1,78,839=00
2.Cash Certificate Gyro Loan 4,07,04,764=45
a.Six Yearly 29,000=00 TUFS Loan 16,47,56,274=50
b.Ten Yearly 1,35,14,704=00 Housing Loan 34,19,527=00
c.Dasabadi 11,35,400=00 Unsecured Loan 81,74,371=55
Certificate (c)Self Surety 40,55,342=25
3.Golden Monthly 3,47,01,600=00 Swarojgar Loan 8,01,930=00
Income Plan (d)Gyro Of Industrial
4.Saliyana Matured 12,66,028=00 Shade
Deposits Date Over Amount 4,70,01,923=10
5.Sarvodaya Shree- 2,14,17,940=00 Guessing Debt And Dou- 5,36,73,172=23
nidhi Parivar Yogna btful Debt
6.Sarvodaya Vikas 23,16,61,324=50 (3)Long Term Loan
Patra (S.V.P.) (a)Government Loans
7.Pletinum Certifi- 4,78,53,023=00 NSC/KVP -------------------
cate RBI/Bond/LIC/UTI -------------------
8.Azadi Suvarna 5,44,07,785=16 (b)Other Investment
Jayanti Certificate Gyro Loan 25,22,938=00
9.Auto Renewal 1,24,95,377=00 F.D.,O.D. 15,35,318=50
Deposit Housing Loan 2,05,78,719=10
10.Flexi Deposit 6,21,29,363=00 (c)Self Surety
11.Compound 62,79,024=00 Date Over Amount 7,85,369=00
Interest Scheme Guessing Debt And Dou- 15,23,537=00
12.Saving Deposit btful Debt
(a)Cheque 17,75,43,231=16
System Savings 7.Interest Accure on 2,41,32,016=00
(b)Savings 1,42,33,547=53 Deposits and Invest-
(c)N.R.I. Savings 4,85,353=50 ment
Deposit 8.Interest Accure on 2,81,85,346=28
13.Current Deposit 16,55,39,434=40 Loans
14.Lokar Key Sys- 21,72,313=30 9.Bills Receivable 49,19,131=63
tem 10.Branches Adjust- -------------------
5.Liabilities ment
1.Reserve Bank Of ------------------- 11.Building (After De- 2,54,08,871=00
India (RBI) preciation)
2.Gujarat State Co- 1,90,43,600=00 12.Safe, Furniture & 1,63,75,859=58
Operative Bank Ltd. Fixtures
(Sidbi Refinance) (Furniture,Dead Stock,
3.The Surat District 50,802=00 Computers & Machinery)
Co - Operative Bank (After Depreciation)
Limited. 13.Other Preliminary
6.Bills For Collec- 49,19,131=63 Expenses
tion 1.T.D.S. On Deposit 8,18,965=00
7.Branches Adjust- ------------------- Interest
ments 2.Library 13,038=50
8.Unpaid Interest 2,53,00,455=28 3.Stationary Stock,com- 6,06,082=10
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Reserve puter, Stationary & Stock
9.Outstanding 27,91,15,944=70 4.Stamp On Document 18,885=00
Interest 5.volt For Deposit -------------------
10.Other Liabi- 6.Clearing House 2,78,604=00
lities 7.Prepaid Expenses 4,54,654=00
1.Sundry Debtors 4,88,727=50 8.Festival Advance 5,54,000=00
2.Miscellaneous 1,18,16,673=05 (Staff)
3.Dividend 11,47,587=35 9.Income Tax 15,17,494=00
4.Unpaid Tax 2,00,487=00 10.Clearing Difference -------------------
5.Other Liabilities 18,13,684=00 11.Clearing Adjustment 6,34,809=53
11.Profit & Loss 12.Building Renovation -------------------
Profit Of Year 1,24,98,866=63 13.Building Deposit -------------------
2001-2002 14.Advance Income Tax 10,00,000=00
Less:- Distribution 1,24,98,447=60
419=03
Add :- Profit Of 1,43,59,891=69
Year 2002-03
12.Unexpected
Liabilities
1.Given Surety 14,80,000=00
2.Other -------------------
1,92,58,87,951=28 1,92,58,87,951=28
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