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Branch Yavatmal
CHAPTER 1
INTRODUCTION
1.1) INTRODUCTION: A Co-operative bank, as its name indicates is an institution consisting of a
number of individuals who join together to pool their surplus savings for the purpose
of eliminating the profits of the bankers or money lenders with a view to distributing
the same amongst the depositors and borrowers.
The Co-operative Banks Act, of 2007 (the Act) defines a co-operative bank as
a co-operative registered as a co-operative bank in terms of the Act whose members
1. Are of similar occupation or profession or who are employed by a common
employer or who are employed within the same business district; or
2. Have common membership in an association or organization, including a
business, religious, social, co-operative, labor or educational group; or
3. Have common membership in an association or organization, including a
business, religious, social, co-operative, labor or educational group; or
4. Reside within the same defined community or geographical area.
Co-operating Banking: Co-operative bank, in a nutshell, provides financial assistance to the people
with small means to protect them from the debt trap of the money lenders. It is a part
of vast and powerful structure of co-operative institutions which are engaged in tasks
College of Management & Computer science, Yavatmal
1.2) ORIGIN OF CO-OPERATIVE BANKING: The beginning co-operative banking in India dates back to about 1904, when
official efforts were made to create a new type of institution based on principles of cooperative organization & management, which were considered to be suitable for
solving the problems peculiar to Indian conditions. The philosophy of equality, equity
and self help gave way to the thoughts of self responsibility and self administration
which resulted in giving birth of co-operative. The origin on co-operative movement
was one such event-arising out of a situation of crisis, exploitation and sufferings.
Co-operative banks in India came into existence with the enactment of the
Agricultural Credit Co-operative Societies Act in 1903. Co-operative bank form an
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1.3) IMPORTANCE OF CO-OPERATIVE BANKING: Co-operative bank forms an integral part of banking system in India. This
bank operates mainly for the benefit of rural area, particularly the agricultural sector.
Co-operative bank mobilize deposits and supply agricultural and rural credit with the
wider outreach. They are the main source for the institutional credit to farmers. They
are chiefly responsible for breaking the monopoly of moneylenders in providing
credit to agriculturists.
Co-operative bank has also been an important instrument for various
development schemes, particularly subsidy-based programs for the poor. Co-operative
banks operate for non-agricultural sector also but their role is small. Though much
smaller as compared to scheduled commercial banks, co-operative banks constitute an
important segment of the Indian banking system. They have extensive branch network
and reach out to people in remote areas. They have traditionally played an important
role in creating banking habits among the lower and middle income groups and in
strengthening the rural credit delivery system.
Multistate Consultant Private Limited: Multistate Consultant Private Limited provides A-Z services regarding Multistate
Cooperative Society, Mutual Benefit (Nidhi) Company, Producer Company, Section
25 Company, NBFC etc starting from its registration, Advisory services regarding
daily activities, finalization of accounts, Submission of annual return and so on.
Multistate Co-operative Society: A multi-state cooperative society may be registered if its main object is not confined
to one State and serving the interests of members in more than one State, to facilitate
the voluntary formation and democratic functioning of Co-Operatives as people's
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Producer Company: The Companies (Amendment) Act 2002 vides notification no. S.O. 135 (E) inserted
part IX A of the Companies Act, 1956 (hereinafter referred to as the Act ) and
Therefore companies (Amendment) act 2002 part IX-A is a step in this direction.
The companies shall be termed as limited and the liability of the members will be
limited to the amount, if any, unpaid on the shares. On registration, the producer
company shall become as if it is a private limited company with the significant
difference that a minimum of two persons cannot get them registered, the provision
relating to a minimum paid-up capital of Rs. 1 lakh will not apply and the maximum
number
of
members
can
also
exceed
50.
Members' equity cannot be publicly traded but be only transferred. As such, "producer
companies would not be vulnerable to takeover by other companies or by MNCs.''
Formation of Producer Company: -
Any ten or more individuals, each of them being a producer, that is, any
person engaged in any activity connected with primary produce, any two or more
producer institutions, that is, producer companies or any other institution having
only producers or producer companies as its members or a combination of ten or
more individuals and producer institutions, can get a producer company
incorporated under the Act.
Every producer company is to have at least five and not more than 15
directors.
Following enclosures and documents are required to be submitted with along the
application:
A statement showing names, addresses and occupation of the Directors and the
Chief Executive.
Peoples cooperative bank, Hingoli is also one of the parts of Multistate Consultant
Private Limited and this study of project mainly focuses on the leading functions of
the banks with special reference to Peoples cooperative bank, Hingoli.
The report states different kinds of loans and the survey that shows the average
number of loan proposal approved and disapproved by the bank.
The study gives an insight into procedures followed by the bank as per the norms of
Reserve Bank of India and Co-operative Society Act 1960.
In Part 2 of this post we write about the key features of the lending model,
divergence in processes adopted by some AHFCs and the road ahead.
1) Sahkarratna
2) Dharmalankar
3) Agraratna
4) Yagnik
Business & Other:-1) Agriculture & Social Activities, Industrialist Participate In Agriculture, Social &
Religious Program
2) Last 30 Years Working In Co Operative Banking Sector
Founder Chairman:-1) Apex Co Op Bank Of Urban Banks Of Maharashtra & Goa Ltd, Mumbai
2) Peoples Co Op Bank Ltd Hingoli (One of the Multistate Bank in Marathwada
region)
1.8) PRODUCTS:
Current Account
Proprietorship
Partnership
Limited Company
Society Current
Savings Account
Personal Savings
HUF
Society Savings
Fixed Deposits
Fixed Deposits
Senior Citizen
Society Fixed
Re-Investment Deposits
Re-Investment Deposits
Recurring Deposits
Loan Account
Term Loan
Housing Loan
Salary Loan
Vehicle Loan
Warehouse Loan
Internet Banking
ATM Banking
SMS Banking
Tele Banking
Mobile Banking
IFSC Codes
1.10) BRANCHES:
Head office- People's Co-op.Bank Ltd.,Hingoli (Multi State Bank)
Head Office, Main Road, Hingoli
Tq.Dist.Hingoli-4311513
Ph:(02456) 220748,220749,220518
Fax: 220481
College of Management & Computer science, Yavatmal
Branches
Maharashtra
Andhra Pradesh
Adilabad Branch
CHAPTER 2
REVIEW OF LITERATURE
College of Management & Computer science, Yavatmal
LITERATURE REVIEW:
1. Journal Name: Housing Finance in India: Development, Growth and Policy
implications
Volume number 1 (1)
Edition- 2 (2008)
Page number- 171
Author name- Dr. Ashwani Kumar Bhalla, Dr. Pushpinder Singh Gill, Dr. Parvinder
Arora
Abstract
Housing Finance is a high flying sector these days and is tipped to grow at a
phenomenal 36% P.a. Banks and financial institutions have brought sea changes in
their strategies and there is shift from sellers market to buyers market. Liberal tax
incentives by the govt. low and competitive interest rates for housing finance has
made this sector as red hot sector. Keeping in view the importance of housing finance
in solving the housing problem this paper analyse the performance of this sector while
identifying the its problems and challenges. A look has also been given to the future
prospects of this sector.
2. Journal Name: Markets and housing finance
Volume number 18
Edition- 3
Page number- 257-274
Author name- Veronica Cacdac Warnock, Francis E. Warnock
AbstractWe examine the extent to which markets enable the provision of housing
finance across a wide range of countries. Housing is a major purchase requiring longCollege of Management & Computer science, Yavatmal
CHAPTER 3
RESEARCH METHODOLOGY
College of Management & Computer science, Yavatmal
Focus Group
Primary data analysis
3.4) LIMITATION:
The limitation of this study is that sometimes the male or female respondents
may not give the proper and correct information regarding the Training and
Development.
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CHAPTER 4
Number of
Sr. No
Percentage
1
2
Yes
No
TOTAL
respondents
70
30
70
30
100
100
Number of respondents
Yes
30%
No
70%
Interpretation
From above data it can be concluded that, 70% of the respondents are having
their own home and 30% are not having their own home they living in the rent
houses.
Number of respondents
Sr. No
Percentage
ICICI
20
20
HDFC
30
30
PNB
20
20
Other
30
30
100
100
TOTAL
Sources: Primary Data
30%
20%
ICICI
HDFC
PNB
Other
20%
30%
Interpretation
From above data it can be concluded that, 30% of the respondent mostly aware
about the home loan scheme of HDFC, 20% respondents aware each of ICICI and
PNB and 30% respondents other banks.
In other State bank of India, central bank of India, bank of Maharashtra is involved.
Number of respondents
Yes
No
TOTAL
100
0
Percentage
100
0
100
100
Yes
No
100
Interpretation
From above data it can be concluded that, 100% respondents are taken the
home loan and 0% respondents have not taken the home loan.
Number of
Interest rate
respondents
16
16
43
43
Sr. No
Percentage
bank, hingoli
Payback period
20
20
Other
21
21
100
100
TOTAL
Sources: Primary Data
Graph no. 4. 4 FACTOR INFLUENCING RESPODENTS TO TAKEN LOAN
21
16
Interest rate
Service provide by
peoples coop. bank,
hingoli
20
Payback period
43
Other
Interpretation
From above data it can be concluded that, 43% respondents have said the
factor of taking home loan to service provided by Peoples cooperative Bank, Hingoli,
16% respondents said interest rates, 20% respondents give payback period reason and
21% respondents said other.
Number of
Sr. No
Percentage
1
2
Yes
N0
TOTAL
respondents
55
45
55
45
100
100
Number of respondents
Yes
N0
45%
55%
Interpretation
From above data it can be concluded that, 55% of the respondents are would
be take loan in future, and 45% respondents dont want to take home loan in future.
Number of
Sr. No
1
2
3
Percentage
Before 1 year
Before 2-3 years
Before more than 3 years
TOTAL
respondents
33
46
21
33
46
21
100
100
Before 1 year
21
33
46
Interpretation
From above data it can be concluded that, the time is shown when respondents
taken home from the peoples cooperative bank, Hingoli
Before 1 year- 33%
Before 2-3 years- 46%
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Number of
Sr. No
1
2
3
Percentage
5-10 Lacs
10-15 lac
More than 15 lacs
TOTAL
respondents
69
20
11
69
20
11
100
100
11
5-10 Lacs
10-15 lac
20
Interpretation
From above data it can be concluded that, 69% of the respondents are said 510 lacs loan taken from the bank of Peoples Cooperative, Hingoli, 20% said 10-15
lacs, and 11% respondents said more than 15 lacs.
Number of respondents
Sr. No
Percentage
Faster processing
39
39
Interest rates
31
31
21
21
other
09
09
100
100
TOTAL
Sources: Primary Data
Graph no. 4.8 REASON OF TAKING LOAN FROM PEOPLES COOPERATIVE
BANK HINGOLI
Faster processing
Interest rates
21
39
31
Interpretation
From above data it can be concluded that, 39% of the respondents are said
reason for taking loan from peoples coop. bank, Hingoli is fast processing and 31%
Number of
Sr. No
1
2
3
4
Highly satisfactory
Satisfactory
Averagely satisfactory
dissatisfactory
TOTAL
Percentage
respondents
31
29
22
18
31
29
22
18
100
100
Highly satisfactory
18
31
Satisfactory
Averagely satisfactory
dissatisfactory
22
29
Interpretation
Rating
Number of respondents
Highly satisfactory
Satisfactory
Averagely satisfactory
dissatisfactory
TOTAL
28
22
15
35
Percentage
28
22
15
35
100
100
rating of EMI
Highly satisfactory
Satisfactory
Averagely satisfactory
dissatisfactory
35%
15%
28%
22%
Interpretation
Sr. No
1
2
3
4
Rating
Number of respondents
Highly satisfactory
Satisfactory
Averagely satisfactory
dissatisfactory
TOTAL
28
22
15
35
Percentage
28
22
15
35
100
100
28
35
Highly satisfactory
Satisfactory
Averagely satisfactory
dissatisfactory
15
22
Interpretation
Rating
Number of respondents
Highly satisfactory
Satisfactory
Averagely satisfactory
dissatisfactory
TOTAL
20
18
16
35
Percentage
20
18
16
35
100
100
20
35
Highly satisfactory
Satisfactory
Averagely satisfactory
dissatisfactory
18
16
Interpretation
Sr. No
1
2
Opinion
Number of respondents
Yes
N0
TOTAL
55
45
Percentage
55
45
100
100
satisfaction
Yes
45%
N0
55%
Interpretation
Number of respondents
Below 5 years
5-10 years
10-15 years
15-20 years
TOTAL
39
31
21
09
Percentage
39
31
21
09
100
100
9
21
Below 5 years
39
5-10 years
10-15 years
15-20 years
31
CHAPTER 5
CHAPTER 6
SUGGESTIONS
1. Bank should try to concentrate on the satisfaction level of the loan taker.
2. Bank should decrease the problem in case of the documentary, sanctioning, and
EMI.
3. Bank should try to sale more loans by reducing the interest rates.
4. They should try to provide loan schemes to the customers.
5. Bank should try to open more branches at tahsil level and other district level
where it havent branch.
6. Bank should try to create advertisement about loan schemes of the bank.
7. Bank should try to aware the customer about the all procedures and documentary
before the loan taken.
8. Bank should try to give more emphasize on the loan scheme.
CHAPTER 7
HYPOTHESIS TESTING
1.
Sr. No
1
2
Opinion
Number of respondents
Yes
N0
TOTAL
78
22
Percentage
78
22
100
100
satisfaction
22%
Yes
N0
78%
From above data it , 78% of the respondents are satisfied with home
loan of Peoples cooperative Bank, Hingoli and 28% not satisfied with taking
home loan of the bank. Alternate hypothesis is proved.
2.
The process of loan and documentation are easy and bank approved more
number of proposals.
Process of loan and documentation are easy of Peoples co-operative
bank, Hingoli
Sr. No
1
2
Opinion
Number of respondents
Yes
N0
TOTAL
55
45
Percentage
55
45
100
100
satisfaction
Yes
N0
45%
55%
From above data it , 55% of the respondents are said yes to lengthy
documentation with home loan of Peoples cooperative Bank, Hingoli and
45% said no. Alternate hypothesis is proved.