BANKING AND FINANCE PROJECT REPORT ON

&

Submitted to: Submitted by:Dr. SATISH KUMAR SHYAM MALOO ABHISHEK SINGH

INTRODUCTION TO THE BANK Type :-Public company Traded as BSE: 532480,

NSE:  ALBK currently traded at 135(yesterdays’s price) Industry :-Banking, Financial services Founded :-1865,Headquarters :-Kolkata,  Number of locations 2500 branches (2012) Key people :-Shubhalakshmi Panse(Chairman & MD) & T.R Chawla (Executive Director) Services :- Finance and insurance Consumer banking Corporate Banking

Accolades & Achievements:- FIBAC Banking Award-2011-best bank

for initiatives in Inclusive Banking. UTI MF & CNBC-TV 18 Financial Advisory

Award 2012- best bank: PSU Category Indira Gandhi Rajbhasha Prize (first

Prize). The Bank is positioned 4th fastest

growing bank and 5th efficient bank among 57

SCBs as per Business World Award 2011.

HISTORY OF THE BANK(148 years of existence)

Nineteenth Century The Oldest Joint Stock Bank of the Country, Allahabad Bank was

founded on April 24, 1865 by a group of Europeans at Allahabad. At that juncture Organized Industry, Trade and Banking started taking shape in India. Thus, the History of the Bank spread over three Centuries - Nineteenth, Twentieth and Twenty-First.

 April 24, 1865'sThe Bank was founded at the confluence city of Allahabad by a group of Europeans.

Twentieth Century 1920'sThe Bank became a part of P & O Banking Corporation's group

with a bid price of Rs..436 per share, 1923The Head Office of the Bank shifted to Calcutta on Business

considerations. July 19, 1969Nationalized along with 13 other banks, Branches - 151

Deposits - Rs.119 crores, Advances - Rs.82 crores. October, 1989United Industrial Bank Ltd. merged with Allahabad

Bank. 1991Instituted AllBank Finance Ltd., a wholly owned subsidiary for

Merchant Banking.

HISTORY OF THE BANK Twenty-First Century

 October, 2002The Bank came out with Initial Public Offer (IPO), of 10 crores share of face value Rs.10 each, reducing Government shareholding to 71.16%.

April, 2005Follow on Public Offer (FPO) of 10 crores equity shares of face value Rs.10 each with a premium of Rs.72, reducing Government shareholding to 55.23%.

June, 2006The Bank Transcended beyond the National Boundary, opening Representative Office at Shenzen, China.

Oct, 2006Rolled out first Branch under CBS. February, 2007The Bank opened its first overseas branch at Hong

Kong. March 2007 Bank's business crossed Rs.1,00,000 crores mark. March 2008 Bank's business crossed Rs.2,00,000 crores mark and

CBS facility initiated. March 2012 2500 plus branch network

RECNTLY THE BUSINESS OF THE BANK HAS CROSSED 2,74,000 crore

BOARD PROFILE CHAIRMAN & MANAGING DIRECTOR EXECUTIVE DIRECTOR(2) GOVT. NOMINEE DIRECTOR RBI NOMINEE DIRECTOR CHARTERED ACCOUNTANT DIRECTOR WORKMEN EMPLOYEE DIRECTOR OFFICIAL EMPLOYEE DIRECTOR SHAREHOLDER DIRECTOR(3) PART TIME NON-OFFICIAL

DIRECTOR(2)

SERVICES OFFERED BY THE BANK Personal Banking NRI Services International Banking Corporate Banking Agriculture Product Services to SMEs Government Business Financial Inclusion Zero Balance Current Account Other Services

PERSONAL BANKING

Current account Savings account Fixed depositHousing loans Personal loans Car loans & gold loans ,Education loans, saral loans etc.

INTERNATIONAL BANKING:-

Deposit Accounts

Non Resident Indians can open accounts under Repatriable and Non-Repatriable deposit schemes.

o Foreign Currency Non Resident account(FCNR).

o Non Resident External (NRE) accounts.o Non-Resident Ordinary (NRO) accounts.

Loan facility to the NRI’s

Remittance facility.

FINANCIAL INCLUSION :- Bank has covered all the 2618 allotted villages as on

March’12 by way of opening full scale Brick & Mortar branches in 30 villages, Satellite branches in 4 villages and operating mobile branches in 22 villages and opening BC outlets in all remaining 2562 villages.

During FY2012, 673029 no frill accounts have been opened in FI implemented villages. 159843 No Frills accounts opened through Business Correspondents upto March’12.

No. of smart cards issued upto March’12 in the FI villages is 131580.

Bank has completed the total enrolment of 3, 80,093 UID out of which 2,24,009 UID numbers have been issued to residents.

Bank has opened 148 Ultra Small Branches on the Bank’s foundation day of 24th April 2012 in the

States of U.P, W.B, Jharkhand and Uttarakhand.

AGRICULTURE & SME PROMOTION Akshay-krishi kisaan credit scheme :-

Target Group: Farmers of all categories are eligible under the scheme. However, separate products are available for farming needs of Self Help Groups (SHGs) .

AllBank-Expo  Scheme :- scheme to finance exporters for purchase of

Showroom/ Place in the Export Mart. The exporter of cottage/handicraft industry product have

now an excellent opportunity to have their own mart /show room at The Indian Trade Mart , Greater Noida being set up by the Indian Exposition Mart Ltd (a subsidiary company of The Export Promotion Council for Handicrafts).

PERFORMANCE ANALYSIS :-

Share price performance of the bank

COMPARISION OF SHARE PRICES

CONCLUSIONS :- It’s a public sector bank ,so it has to abide by the plans

that the GoI makes and help the GOVT. achieving its targets.

It’s set criterion of giving 25% of the total assets of the bank to the priority sector lending to make industry and agriculture robust.

The impact of the GLOBAL FINANCIAL CRISES OF 2008, more number of defaulters unable to pay their loans in various categories.

The increase in the NPA of the bank thus resulted in the decrease of the various profitability ratios of the bank.

Though ,the bank’s quality services have enhanced ,introduction of more services being rendered to the customers, thus robusts the faith of the bank in customers and hence affects the capital market

REFERENCES :-

ALLAHABAD BANK’S OFFICIAL SITE www.allahabadbank.in www.wikipedia.com www.moneycontrol.com www.in.finance.yahoo.com www.iba.in www.rbi.gov.in www.investopedia.IN