UNIVERSITY OF MUMBAI

“ A STUDY OF ONLINE PAYMENT SYSTEM IN HDFC BANK “

A Project Submitted to

University of Mumbai for partial completion of the degree

of Bachelor in Commerce ( Banking & Insurance )

Under the Faculty of Commerce

SEM- VI

BY

Miss. SANNIDHI SHIVRAM SHETTY

Roll No . 27

Under The Guidance Of

PROF.DR. KISHOR CHAUHAN

S.D.V DEGREE COLLEGE OF ARTS , SCIENCE & COMMERCE

SEC-4 ,AIROLI, NAVI MUMBAI 400708 .
ACADEMIC YEAR : 2023-2024

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 CERTIFICATE

This is to certify that Ms/Mr SANNIDHI SHIVRAM SHETTY has worked and duly
completed her/his Project Work for the degree of Bachelor in Commerce (Banking
& insurance) under the Faculty of Commerce entitled, “A STUDY ON BHARATIYA
MAHILA BANK ” under my supervision.

I further certify that the entire work has been done by the learner under my
guidance and that no part of it has been submitted previously for any Degree or
Diploma of any University.

It is his/her own work and facts reported by her/his personal findings and
investigation

PROF.DR.KISHOR CHAUHAN DR.SHALINI VERMANI

(Internal Guide) (Principal)

AFEILIATED TO UNIVERSITY OF MUMBAI

SEC-4,AIROLI (W), NAVI MUMABI-400708. T 0227792625 EMAIL : sdvfinance@yahoo.com
REGD.NO. E 108 (LATUR) 9-12-198

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 DECLARATION

I hereby declare that the major research project report

conducted on “A STUDY ON BHARATIYA MAHILA BANK “ under the
guidance of KISHOR CHAUHAN submitted in partial
fulfillment of the requirements for the degree of Bachelor of
commerce (Banking & Insurance) it is my original work and
the same has not been submitted for the award of any other
degree/ diploma/ fellowship or other similar titles or prizes
I , here by further declare that all information of this document
has been obtained and presented in accordance with academic
rules and ethical

(HARSHALI GAJANAN PATIL)

Certified by
ASST.PROF.KISHOR CHAUHAN

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 ACKNOWLEDGEMENT

To list who all have helped me is difficult because they are so

numerous and the depth is so enormous.
I would like to acknowledge the following as being idealistic
channels and fresh dimensions in the completion of this project
I take this opportunity to thank the University of Mumbai for
giving me chance to do this project.
I take opportunity to thank my Principle DR . SHALINI
VERMANI madam for providing the necessary facility required
for completion of this project.
I take this opportunity to thank our Coordinator moral support
and guidance . Also I thank to all my all other teachers for
indirect support .
I would also like to express my sincere gratitude towards my
project guide Asst. Prof .Kishor Chauhan whose guidance and
care made the project successful .
Lastly , I would like to thank each and every person who directly
or indirectly helped me in the completion of the project
especially my parents and peers who supported me through my
project.

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 EXECUTIVE SUMMARY

Bharatiya Mahila Bank (BMB; lit. 'Indian Women's Bank') was a fully
owned subsidiary of State Bank of India based in Mumbai, India. Former Indian
Prime Minister Manmohan Singh inaugurated the system on 19 November 2013
on the occasion of the 96th birth anniversary of former Indian Prime
Minister Indira Gandhi.[1] As part of the Modi government's banking reforms and
to ensure greater banking outreach to women, the bank merged with State Bank
of India on 1 April 2017.[2]
While being run by women, and lending exclusively to women, the bank allowed
deposits to flow from everyone. India was the third country,
after Pakistan and Tanzania, to have a bank exclusively to benefit women.[3]
In India, only 26% of women have an account with a formal financial institution,
compared with 46% of men. This has changed after the initiation of Pradhan
Manthri Jan Dhan Yojana – accounts of women jumped radically to 60%. That
means an account in either a bank, a credit union, a co-operative, post office or
a microfinance institution, according to a study by the World Bank.[4] Also, for
women, per capita credit is 80 per cent lower than males.[5]
Furthermore, the results of a study using a global dataset covering
350 Microfinance Institutions (MFIs) in 70 countries indicates that more women
clients is associated with lower portfolio-at-risk, lower write-offs, and lower credit-
loss provisions, ceteris paribus.[6] provision
The Bank's initial capital consisted of Rs 1,000 crores. The government planned
to have 25 branches of the said bank by the end of March 2014 and 500
branches by 4th year of operation (2017). As on date of merger it had 103
Branches.
US-based FIS Global, in partnership with Wipro was providing IT systems at the
country's first women-focussed bank. [