canara_bank manas mcs
TRANSCRIPT
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Guided by : Mr.Guided by : Mr. KiranKiran KothariKothari
SUBMITTED BY : MANAS CHATURVEDI EX-03
CONTROL SYSTEMSCONTROL SYSTEMSOFOF
CANARA BANKCANARA BANK
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INTRODUCTIONINTRODUCTION
Founded By:Founded By: Late Sri Ammembal Subbarao PaiLate Sri Ammembal Subbarao Pai
''CanaraCanara Bank Hindu Permanent Fund' in 1906Bank Hindu Permanent Fund' in 1906
CURRENT CONDITIONCURRENT CONDITION
TheThe Banks aggregate business crossed Rs.4 lakhBanks aggregate business crossed Rs.4 lakh crorecrore mark.mark.
Net profit of the Bank crossed Rs.3000Net profit of the Bank crossed Rs.3000 crorecrore..
The Banks branch network crossed the 3000 mark.The Banks branch network crossed the 3000 mark.
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MR S RAMANCMD BANGALORE
MR JAGDISH PAI K L EXECUTIVE DIRECTOR BANGALORE
SHRI. H. S. U. KAMATH EXECUTIVE DIRECTOR BANGALORE
DR. THOMASMATHEW DIRECTOR REPRESENTING GOVERNMENT OFINDIA
NEW DELHI
SHRI G PADMANABHAN DIRECTOR REPRESENTING RESERVE BANK OF
INDIAMUMBAI
SHRI. DEVENDER DASSRUSTAGI WORKMEN EMPLOYEE DIRECTOR NEW DELHI
SHRI. G.V.MANIMARAN OFFICER EMPLOYEE DIRECTOR CHENNAI
SRI. P. V.MAIYA DIRECTOR REPRESENTING SHAREHOLDERS BANGALORE
SRI. SUNIL GUPTA SHAREHOLDER DIRECTOR HARYANA
BOARD OF DIRECTORS
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Branch Network*Branch Network*
CategoryCategory No. of BranchesNo. of Branches
31.03.2009 31.03.201031.03.2009 31.03.2010
Metropolitan 629 727Metropolitan 629 727
UrbanUrban 674 744674 744
SemiSemi--urbanurban 691 793691 793
RuralRural 735 779735 779
Total Branches 2729 3043Total Branches 2729 3043
*Composition of domestic branch network*Composition of domestic branch network
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http://www.equitymaster.com/research-it/ipo/canbank.html
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controlcontrol systemssystems
OFOF
CANARA BANKCANARA BANK
Decision making processDecision making process
Cash managementCash management
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Audit CommitteeAudit Committee BoardBoard
Governed by the directives of Reserve Bank ofGoverned by the directives of Reserve Bank ofIndia .India .
1.1. ACB provides a direction to oversees the operations ofACB provides a direction to oversees the operations of
total Audit function of the Banktotal Audit function of the Bank
2.2. To oversee the bank's financial reporting process andTo oversee the bank's financial reporting process and
ensuring correct, adequate and credible disclosure ofensuring correct, adequate and credible disclosure of
financial information.financial information.
3.3. Reviewing with the management, the financial statementsReviewing with the management, the financial statements
with accounting standards and other legal requirements,with accounting standards and other legal requirements,
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4.4. Quality and effectiveness of external and internal audit,Quality and effectiveness of external and internal audit,
5.5. Internal control system,Internal control system,
6.6. Interaction with external auditors before finalization ofInteraction with external auditors before finalization of
Annual accounts and reports,Annual accounts and reports,
7.7. Review Bank's finance and risk management policies.Review Bank's finance and risk management policies.
8.8. Examines, scrutinizes, reviews and takes appropriate actionExamines, scrutinizes, reviews and takes appropriate action
on the basis of comments given in Statutory/External Auditon the basis of comments given in Statutory/External Audit
reports,reports,
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RolesRoles & Responsibility& Responsibility
Shareholders'/ Investors' Grievances CommitteeShareholders'/ Investors' Grievances Committee
Remuneration CommitteeRemuneration Committee
Management Committee of the BoardManagement Committee of the Board
Risk Management CommitteeRisk Management Committee
Asset Liability Management CommitteeAsset Liability Management Committee
General Body MeetingsGeneral Body Meetings
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Decision making processDecision making process
ManagementCommittee
of the Board
Shareholders'/Investors'
GrievancesCommittee
RemunerationCommittee
RiskManagementCommittee
AssetLiability
ManagementCommittee
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MANAGEMENT COMMITTEE
1. Sri B Swaminathan Chairman
2. Sri G C Chaturvedi Member
3. Sri V Ramachandra Rao Member
4. Sri Anup Prakash Garg Member
5. Sri A N Balasubramanian Member
6. Sri S C Gupta Member
AUDIT COMMITTEE
1. Sri Anup Prakash Garg Chairman
2. Sri B SwaminathanM
ember3. Sri G C Chaturvedi Member
4. Sri V Ramachandra Rao Member
5. Sri U N Kapur Member
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SHAREHOLDERS'/INVESTORS' GRIEVANCES COMMITTEE
1. SriM PMehrotra Chairman
2. Sri B Swaminathan Member
3. DR. Sone Lal Member
RISKMANAGEMENT COMMITTEE
1. Sri B Swaminathan Chairman
2. Sri Anup Prakash Garg Member
3. SriM PMehrotra Member
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CASH MANAGEMENT, OR TREASURYCASH MANAGEMENT, OR TREASURY
MANAGEMENTMANAGEMENT
Why???Why???
Remove paperRemove paper--based clearing system.based clearing system. HHigh processing costigh processing cost
Security riskSecurity risk
High speed and accuracyHigh speed and accuracy
TimeTime
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CASH MANAGEMENT SERVICESCASH MANAGEMENT SERVICES
What is CCMS?What is CCMS?
TTo meet the requirements of Corporates/Business houses/Partnership firmso meet the requirements of Corporates/Business houses/Partnership firms
Speedy collection of outstation cheques and other instrumentsSpeedy collection of outstation cheques and other instruments
Pooling of funds at designated centresPooling of funds at designated centres
More importantly, providing funds to the Corporates as per their needMore importantly, providing funds to the Corporates as per their need
CustomisedMIS reportsCustomisedMIS reports
What We Offer?What We Offer? SUPERFAST SERVICESUPERFAST SERVICE -- Local cheque collection servicesLocal cheque collection services
FASTRACK SERVICEFASTRACK SERVICE -- Upcountry cheque collection servicesUpcountry cheque collection services
BULK COLLECTION SERVICEBULK COLLECTION SERVICE -- Bulk cheques collection servicesBulk cheques collection services
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CASH MGMT
ACCONTATNT
RECORDED
MANAGEMENT
LOCAL
ACCOUNTS
STATE
ACCOUNTS
FINANCE MANAGER
ADM ASSOCIATEADMIN ASSISTAT
RECORDED MANAGEMENT
COORDINATOR ACCONTATNT
ADM ASSOCIATE
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Benefits Of CMSBenefits Of CMS
Funds available as per need on day zero, day one, dayFunds available as per need on day zero, day one, day
two, day three etc.two, day three etc.
Corporates can plan their cash flowsCorporates can plan their cash flows
Bank interest saved as instruments are collected fasterBank interest saved as instruments are collected faster Affordable and competitive ratesAffordable and competitive rates
MIS reports customised to meet individualMIS reports customised to meet individual
Corporate's requirementCorporate's requirement
Single point enquiry for all queriesSingle point enquiry for all queries
Pooling of funds at desired locationsPooling of funds at desired locations
Operational in 148 Cities/CentresOperational in 148 Cities/Centres
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www.canarabank.comwww.canarabank.com
www.moneycontrol.comwww.moneycontrol.com
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