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A

SYNOPSIS ON

“AN ANALYSIS ON RETAIL LOAN PROVIDED BY BANK OF INDIA”

SUBMITTED IN PARTIAL FULLFILLMENT OF MBA TO RASHTRASANT TUKDOJI

MAHARAJ NAGPUR UNIVERSITY, NAGPUR

SUBMITTED BY

CHIRAG GULATI

GUIDED BY

MRUGNA GUPTA

THROUGH

CHAITANYA BAHU UDDESHIYA SANKSHTA G.H.RAISONI, NAGPUR 2011-12

SYNOPSIS

TOPIC: AN ANALYSIS ON RETAIL LOANS PROVIDED BY BANK OF INDIA

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INTRODUCTION

Retail lending is done by banks, credit unions, and savings and loan association.

These institutions make loans for automobile purchases, home purchases,

medical care, home repair, vacations, and other consumer uses.

Retail lending has taken a prominent role in the lending activities of banks,

as the availability of credit and the numbers of products offered for retaillending have grown.

Retail lending may take the form of installment loans, which must be paid

of little over the course of years, or non- installment, loans, which are paid

off in one lump sum.

Most of the commercial banks have focused on retail lending by registering

an increase of about 32 per cent with a subsequent reduction of 13.75 per

cent in their NPAs on a y-o-y basis during the financial year 2006-07.

INTRODUCTION (COMPANY PROFILE):

Bank of India was established in 1960, Mumbai. In the current context

core banking system spread over more than 1000 branches all over India.

It is the fourth largest Public Sector Bank in India as per the assets

Profitability of this Bank ranks in first five.

Service charge is lower and the scheme of the Bank is transparent.

CONCEPTUAL FRAME WORK:

Available Retail Loans at Bank of India –

1) Star Education Loan

2) Star Home Loan

3) Star Holiday

4) Star Personal Loan

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5) Star Pensioner Loan

Retail strategy and volatility of the financial markets in the Indian n

Banks need to be more cautious while making disbursement in the retail

sector.

Retail lending has increased by over 30 per cent year on year between

March 2006 and March 2007

SCOPE OF THIS STUDY:

In current scenario the interest rates have been cut down rapidly due t o the

severe competition so an individual can raise loan according to their needs and

avail the benefits of low interest rates.

One time premium is collected at the time of sanction of loan and is

financed as part of the total education loan requirement.

1 % interest concession for Women beneficiaries.

BASIC CONDITION FOR RETAIL LOANS

Educational Loan:

Eligibility

Student of Indian Nationality having good academic records who have

secured admission to professional / technical courses in India or Abroad.

Repayment

In 5-7 years. Repayment will commence 6 months after getting a job or

one year after completion of course, whichever is earlier.

HOME LOAN:

Eligibility

Salaried Employees/Professionals/Self –

employed/Corporate/Person of Indian origin/NRIs

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Repayment

Maximum 20 years highly flexible

Progressive / step-up EMI permitted

Mortgage Loan:

Eligibility

People engage in trade /commerce/business/high net worth individuals.

Repayment

In accounts where regular overdraft facility is not proposed, maximum 8

years by way of EMIs

OBJECTIVES:

To examine the retail loans given by BOI

To assess the branch network for better reach

To study the availability of Loan in the Small Town and Villages

HYPOTHESIS:

1) Competition is nothing up in the finance business with most of

key player revising down their interest rate 0.5 to 1 % point across

various slabs. This follows the reduction in the Prime Lending Rate

(PLR) by banks.

“Banks have a distinct edge in terms of high Availability of Short-Term

Funds.”

2) Bank of India increases the Volume and Volume of the order to boost the

bottom-line in the Low-Margin sector.

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3) There is continuous growth in retail loan this industry has showed an

average annual growth of over 20%.

RESEARCH METHODOLOGY:

Research is the process of systematic & in depth study or search of any particular

topic, subject by the collection, presentation & interpretation of relevant details

or data. It is a careful search or injury info any subject or subject matter, which is

an Endeavour to discover or to find out valuable facts which would be useful for

further application or utilization.

The study of the topic “An analysis on Retail loan provided by Bank of India” for

the period of 2009-10” will be done through various sources.

METHOD OF DATA COLLECTION:

The method of collecting information would be

Primary sources:

It is the first hand information collected directly from the respondents.

Employees of Bank of India.

Survey among the existing Client along with the other investor

Secondary Sources:

It is collected through the literature review done from the material available:

Brochures of the Bank

Magazines

Journal

ANALYSIS OF DATA:

DATA PROCESSING: In the data processing the data will be collected in

the following parameter.

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CHAPTER SCHEME

1) INTRODUCTION

2) COMPANY PROFILE

3) METHODOLOGY

4) DATA ANALYSIS

5) CONCLUSION & SUGGESTION

BIBLOGRAPHY:

Internet Reference

www.bankofindia.com

www.google.com

SUBMITTED BY SUBMITTED TO

CHIRAG GULATI

DATE: PLACE:

http://www.google.com/

http://www.google.com/

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