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    Federal Bank has its headquarters in Aluva, Kerala and has expanded across neighboring states and into northern India. It offers normal banking services and is aggressively growing its retail loans, corporate lending, SME, and foreign remittance business. The internship report summarizes the student's first week interning in Federal Bank's retail marketing department. The bank expected the intern to learn about evaluating, documenting, and creating housing loan files as well as understanding the bank's operations, revenue sources, expansion strategies, housing loan products, and competitors. During the first week, the intern learned about customer categories, the importance of credit scores and KYC documentation in evaluations, types of loan securities and collateral, assets/liabilities/operations

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    Weekly report - 20 to 24 May 2019

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    Federal Bank has its headquarters in Aluva, Kerala and has expanded across neighboring states and into northern India. It offers normal banking services and is aggressively growing its retail loans, corporate lending, SME, and foreign remittance business. The internship report summarizes the student's first week interning in Federal Bank's retail marketing department. The bank expected the intern to learn about evaluating, documenting, and creating housing loan files as well as understanding the bank's operations, revenue sources, expansion strategies, housing loan products, and competitors. During the first week, the intern learned about customer categories, the importance of credit scores and KYC documentation in evaluations, types of loan securities and collateral, assets/liabilities/operations

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    16 views1 page

    Weekly Report - 20 To 24 May 2019

    Uploaded by

    Pratik Bhudke
    Federal Bank has its headquarters in Aluva, Kerala and has expanded across neighboring states and into northern India. It offers normal banking services and is aggressively growing its retail loans, corporate lending, SME, and foreign remittance business. The internship report summarizes the student's first week interning in Federal Bank's retail marketing department. The bank expected the intern to learn about evaluating, documenting, and creating housing loan files as well as understanding the bank's operations, revenue sources, expansion strategies, housing loan products, and competitors. During the first week, the intern learned about customer categories, the importance of credit scores and KYC documentation in evaluations, types of loan securities and collateral, assets/liabilities/operations

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    © All Rights Reserved
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    of 1

    Summer Internship Report Pravinkumar Sananse

    IIMP (MBA 18-20)

    FEDERAL BANK
    Internship profile: Retail Marketing Joining date: 20th May 2019
    Week 1 (20-24th May 2019)

    Introduction
    Federal bank finds its roots in Kerala (Headquarters: Aluva, Kerala) and thus have a strong hold
    in the state. The bank has slowly moved and created a respectable name for itself among the
    neighbouring states and has moved northwards in the country capturing newer markets and territory.

    Like other banks, Federal bank also offers normal banking services like bank accounts, caters
    to different loan requirements, treasury activities etc.

    The bank is aggressively expanding/ growing through:

    a. Retail Loan
    b. Corporate Lending
    c. SME segment
    d. Foreign remittance

    Bank expectations:

    A. Primary expectations
    Bank has assigned the task of learning:
    a. the process of evaluating,
    b. documenting,
    c. And creating housing loan files of customers in need of the housing loan.

    B. Secondary expectations
    Understanding:
    a. Working of the bank,
    b. Revenue sources,
    c. Strengths and expansion strategies of Federal bank vs other banks
    d. Various housing loan products
    e. Information regarding RBI norms with regards to banking services
    f. Various competitors – Banks and Non-Banking Financial Companies (NBFCs)

    Learnings:

    1. Various needs assisted or tethered by home loans.


    2. Customer categories – Resident Indian (Salaried/Self-employed), Non-Resident Indian
    (Salaried/ Self-employed).
    3. Importance of CIBIL score and KYC documents in evaluation of individuals.
    4. Types of securities – Primary and collateral
    5. Types of collateral – Pledge, Hypothecation, Mortgage (Equitable mortgage & Registered
    mortgage), and Lien mark
    6. Assets, Liabilities, Treasury, and Operations pertaining to banks.
    7. Age criteria, Salary criteria, Documentations required for applying for the loan.
    8. Checks and conditions for safeguarding housing loans for NRIs
    9. Importance of Pay-slip and bank statements in case of salaried individual and Balance sheet,
    capital statements and P&L in case of self-employed individual.

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