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A SYNOPSIS

ON

A Study Of Credit Cards In Indian Scenario

Submitted to

The Director,

School of commerece and management

YCMOU, Nashik.

As parital fulfillment for the award of

Master of Business Administration(MBA)

By : Pallavi Mahadevo Munde

PRN : 2012017001899705

Under the Guidance of

Dr /mr/mrs: Prof. Bobade R.K

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A) INTRODUCTIONCommercial Banks have introduced credit card facilities

in the early 1980s from then, the facility has become popular among

the public as well as banks.

As a contrast, credit cards have a much wider use they may

be used both for cash withdrawals from an ATM and for ElectronicFunds Transfer at the point of sale(EFTPOS).A credit card does not

require any balance to be maintained by the customer but offers a credit.

Among the payment choices tucked away in a consumers a

wallet is the credit card. Its popularity since its debut in the late 1950s

has skyrocketed many people enjoy the convenience and protections it

offers, such as the ability to defer payments and keep records ofpurchases. The credit card provider issues credit card which are

designed to pay for things and services either online or in shops.

Importance :

- Credit cards have become popular from past few years in Indianmarket as almost all the nationalizes banks come with the conceptof credit cards.

- If we take a little survery on credit cards we can see mixedresponse from the people

- If we can use it in a proper way we have many advantages wwiththe credit card.

-In case of a credit card, there is an annual charge, which is walvedby some banks.

- Bookkeeping is the task of maintaining financial records

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- It has everything to do with your credit history & your ability tosecure a loan when you need it.

Significance :

The purpose of credit is to help people buy the things theyneed right away & pay for them overtime

Consumers who budget smartlyand spend usely can use creditcards easily & efiictively for large or even daily purchase .

Unfortunetly, many people see credit cards as a source of freemoney

Over time these people find them selves further & further indebt & may eventually find it impossible to pay back

everything they over.

Credit card fraud is fairly common new a day in an attempt todeter it.

I look forward to hearing the terms by which persons will beable to get this new debit card .

B) RATIONALE

If you dont have cash & need by something small with a credit card

this forces you to buy more stuff which result in greater revenues for

the store.

-Its the equivalent of stores that wont make change for a dollar,by saying they cant open the register without a purchase.

- Business are relying on trade credit.

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- Although providing credit result in taking credit risk, givingcustomers some grace period before paying their credit purchase

does have some associated benefits.

- Credit card companies say they dont surprise-

Over time these people find them selves further & further in debt& may eventually find it impossible to pay back everthing they

over.

A)OBJECTIVEAny time that you apply for credit whether it be for a credit card

auto loan or home loan a lender will review your credit report &

determine your credit rating.

The higher your ratings, the more likely you are to quality as wellas to no. of higher loan amounts and lower bintrest rates

A high credit rating can offer you a degree of financial freedomthat those with a low rating may never see.

Promote best practice across the card payments industryWork to influence the card & credit industry stakeholders.Offer specialized knowledge on card payments issued.Be recognized as the primary source for industry management

information & statistics

D )HYPOTHESIS

the area of credit regulation the constant pitch from some

academics is that any constraints on credit cards

That those without credit cards simply have less totaldebt than

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The silent epidemic sweeping the nation today is creditcard abuse .

The form of the credit card industry has affectedeveryone in the world of the plastic money .

IT is amazing how a small piece of plastic can be sodangerous.

Society today almost requies people to carry creditcards .

You place a phone call to the number provided in yourtourist guide or in the local daily press .

E ) RESEARCH METHODOLOGY.

Source of Data:

Primary Data: data were collected through mall intercept technique in

six metropolitan cities of india.A selfadminstered questionnaire was distributed to customer

visiting the malls.the credit cardholders were banks , forign banks &

private banks giving almost equal representation.

Secondary data: the link above is primary on the use of secondarydata for purpose of calculating statistics in this electronic age

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secondary data is disseminated very rapidly , such as credit card of

employment history.

Tools of Data Analysis : Statistical tools will be used in the form of Pi-Charts,

Graphs and Diagrams

F) EXPECTED CONTRIBUTION:- Gain knowledge on the different types of Credit cards use for various

purpose.

- Better understanding of a renowned banks which uses Credit cards for

extensively and forms area for further research.

For the synopsis we taken guildlines which completed MBA and somemore teachers who have perfect knowledge about the company.

We thankful to our study centre sir whichs gives morecontribution the complete this requirement.

G) CHAPTERISATION :

1.Executive summary

2.Industry Profile3.Bank profile

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4.Research methodology5.Data collection methodology6.Analysis and interpretation7.Findings and problem8.Suggestion9.Conclusion

10. Bibliography