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- 1. BASAVESHWAR ENGINEERING COLLEGE DEPARTMENT OF MANAGEMENT STUDIES PRESENTED BY; MANJU.P.MUDIYANNVAR
- 2. CONTENTS BANK MEANING ABOUT THE AXIS BANK PROFILE NEW TECHNOLOGY ADOPTED BY AXIS BANK BENEFITS TO BANK BENEFITS TO CUSTOMERS CONCLUSION
- 3. BANK MEANING A banker or bank is financial institution who’s primary activity is to act as a payment agent for customer’s and to borrow and lend the money. HISTORY OF THE BANK The first modern bank was founded in Italy in Genoa in 1406 it’s name was Bank of George. FUNCTION’S OF BANK Accepting deposit from public deposits'/other deposits. Lending money to public (loan). Transferring money from one place to another place. acting as a Trustees. Government business. Keeping valuables in safe custody.
- 4. FACTS AND FIGURES OF INDIAN BANKS SECTOR Indian banking sectors as 6th rank in the all over the world. SBI has 6500 + ATM all over the world. AXIS bank has 3500 + ATM all over the country. Transaction down through ATM’s around 70,000crore in a year.
- 5. RESERVE BANK OF INDIA Commercial banks Co-operative Banks Private Banks (31) Old banks (23) New Banks (8) Urban-co-operative (52) STATE co-operative banks (16) Public sector Banks (27) SBI and Associations (8) Nationalized Banks (19)
- 6. ABOUT THE AXIS BANK PROFILE Type Public Industry Banking, Financial service Founded 1994 Headquarters Mumbai, India Key people Adarsh Kishore Chairman , Shikha Sharma MD & CEO Products Credit cards , consumer banking ,corporate banking , finance and insurance , investment banking ,mortgage loans , private banking ,private equity , wealth management. Employees 21,640 (2010) Website www.axisbank.com
- 7. NEW TECHNOLOGY ADOPTED BY AXIS BANK PLASTIC MONEY Electronic AXIS BANK data MOBILE- interchange ADOPTED NEW BANKING (EDI) TECHNOLOGYE’S E-BANKING
- 8. PLASTIC MONEY Plastic money is the alternative to the cash or the standard 'money' we use and is referred to the credit cards or the debit cards that we use to make purchases in our everyday life. DIFFERENT TYPES OF CARDS: 1. Credit Card A credit card is plastic money that is used to pay for products and services. ; you will pay this 'loan' back to the institution at a later date. 2. Debit Card (My favorite!) Debit cards are substitutes for cash or check payments, much the same way that credit cards are total amount charged is instantly reduced from your bank balance.
- 9. CONT…… 4.Smart Card - A smart card contains an electronic chip which is used to store cash. This is most useful when you have to pay for small purchases, for example bus fares and coffee. MOBILE BANKING Taking advantages of the booming market for mobile phones and cellular services, several banks have introduced mobile banking which allows customers to perform banking transactions using their mobile phones.
- 10. E-BANKING E-Banking is becoming increasingly popular among retail banking customers. E-Banking helps in cutting costs by providing cheaper and faster ways of delivering products to customers. 1.Electronic funds transfer - Electronic funds transfer (EFT) is the electronic exchange or transfer of money from one account to another, either within a single financial institution or across .
- 11. 2.Electronic Clearing Service- ECS (Credit) is used for affording credit to a large number of beneficiaries by raising a single debit to an account, such as dividend, interest or salary payment.
- 15. BENEFITS TO BANK Large satisfied customer. Scope to attract the new customers. Improve quality and different services. Greater opportunity to cross sell. Reduce overall risk with proper MIS. BENEFITS TO CUSTOMER Time and energy save. Better awareness of products and services. Up-to-date information on account. Low cost of accessing the account.
- 16. CONCLUSION From this presentation I came to know that how technology help to reduce the work in banking sector and helpful to customers save there time and money.