project on apex bank

APEX BANK

WHAT IS BANK?

An organization usually a corporation, chartered by a State or Federal government, which does most or all of the following: Bank receives demand deposits and time deposits, honors instruments drawn on them, and pays interest on them;

Discounts notes, Makes loans, And invests in securities; collects cheques, drafts, and notes; Certifies depositor's cheques; and issues drafts and cashier's

cheques.

WHAT IS BANKING?

Banking is generally a highly regulated industry, and government restrictions on financial activities by banks have varied over time. Banking = holds an active account at a bank. Normally used in relation to depositing or cashing payroll checks. Non-Banking = Does not hold an active or open account at a bank. Normally referred to when one is cashing payroll checks at a check cashing location.Banking in India originated in the last decades of the 18th century. The first banks were The General Bank of India, which started in 1786, and Bank of Hindustan, which started in 1790; both are now defunct. The oldest bank in existence in India is the State Bank of India, which originated as the Bank of Calcutta in June 1806, and immediately became the Bank of Bengal. This was one of the three presidency Banks, the other two being the Bank of Bombay and the Bank of

BALANCE SHEET ANALYSIS

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Madras, all three of which were established under charters from the British East India Company. For many years the Presidency banks acted as quasi-central banks, as did their successors. The three banks merged in 1921 to form the Imperial Bank of India, which, upon India's independence, became the State Bank of India.

Types of banks

1. Retail bank2. Commercial bank3. Investment bank4. Central bank5. Credit unions6. Online banks7. Savings and loans

1. A retail bank is a bank that works with consumers, otherwise known as 'retail customers'. Retail banks provide basic banking services to the general public, including:

Checking and savings accounts CDs Safe deposit boxes Mortgages and second mortgages Auto loans Unsecured and revolving loans such as credit cards

2. A commercial bank is a bank that works with businesses. Commercial banks handle banking needs for large and small businesses, including:

Basic accounts such as savings and checking


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Lending money for real and capital purchases Lines of credit Letters of credit Lockbox services Payment and transaction processing Foreign exchange

Commercial banks often function as retail banks as well, serving individuals along with businesses.

3. Investment banks help organizations use investment markets.

For example, when a company wants to raise money by issuing stocks or bonds, an investment bank helps them through the process. Investment banks also consult on mergers and acquisitions, among other things. Investment banks primarily work in the investment markets and do not take customer deposits. However, some large investment banks also serve as commercial banks or retail banks.

4. A central bank is an organization responsible for managing banking activity. Within the USA the central bank is the Federal Reserve, or 'the Fed'. Other countries have central banks as well. Their roles are similar, but they may have different objectives. In the US, the central bank has three primary goals:

Conduct monetary policy Supervise and regulate financial firms Provide financial services


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5. Credit unions are nonprofit organizations that strive for service over profitability. A credit union is an institution owned by the “members” or customers. Contrast this with banks where the customers are just customers. Banks answer to profitability.

6. Online banks are banks that you primarily (or exclusively) use on the Internet. Online banks allow you to have more choice and flexibility. You can do things on a computer, and you often get more competitive rates from online banks. They claim that they do not have the overhead and expenses associated with brick-and-mortar banks, so they can pass the savings on to you.

7. Savings and Loans (S&L's) are specialized banks created to promote affordable homeownership. After World War II, the government helped build the Savings and Loans industry by insuring deposits on savings accounts. This encouraged people to save their money, despite federally-regulated low interest rates.


APEX BANK


APEX BANK

History Of Apex Bank

M.P. State Coop. Bank Ltd. had been registered on 02/04/1912 (Under Cooperative Act 1912, dhara 2) at Jabalpur naming “Provisional Cooperative Bank Ltd. Central Provinces brar”, later on its Head Office has been transferred to Nagpur. Bank has started its operations with the initial capital of Rs.5.00 lakhs aiming to provide finance in the field of Agriculture. Earlier individual shareholders were nominated as the representatives on the board of the Bank, to provide the democratic status to the Bank; maximum share has been transferred to cooperative societies and District Central Cooperative Banks, which started a movement to form a Board of Apex Bank with the representatives from Members Cooperative Institutions.

In the year 1956 Madhya Pradesh Cooperative Bank Ltd. Nagpur has been divided and came into existence as “Mahakaushal Coop Bank“, Jabalpur with the affiliations of 14 District Banks. With the reorganization of the Indian state in the year 1956 and formation of new Madhya Pradesh state on 01 Nov, 1956 “Mahakaushal Coop Bank “ has been renamed as “M.P.Rajya Sahakari Bank Mydt. “ (M.P.State Coop Bank Ltd.)expanding their working with 56 District Central Coop Banks simply on the basis of one district one bank rule the number of District Central Coop. Banks come to 52 in 1956,48 in 1961,44 in 1966,43 in 1968 and finally 45 after division of “Bhopal District Central Coop Bank,“and Raisen District Central Coop Bank.” again in November 2000 after the division of Madhya Pradesh State and formation of New Chattisgarh State 7 Districts Central Coop Banks has transferred to the new state and rest 38 districts Central Coop Banks has been remained with “Madhya Pradesh State Coop Bank”.

Apex Bank Profile M.P.Rajya Sahakari Bank Mydt.(Apex Bank) is a premier organization providing long term, medium term and short term


APEX BANK

Agriculture finance in the state with help of NABARD through District Central Coop Banks and Primary Agriculture Credit Cooperatives Societies (PACCs)to farmers & different strata of the society in order to the fulfill their financial requirements. Apex Bank is operating with their 20 Branches in the state serving through the attractive Loan and deposit schemes. Apex Bank is playing a pivotal in the field of providing rural finance in the M.P.State providing Agriculture/Non-Agriculture Loans and Advances with the help of NABARD under various schemes also offering commercial loans to customer under the Loan portfolio such as Consumer Loans. Housing Loan,Higher Education Loan, Project Loan, Vehicle Loan etc. to name a few.

. Board of Directors

1 Shri Bhanwar Singh Shekhawat Chairman

2 Smt. Sarita Singh Vice Chairman

3 Shri Kailash Soni Vice Chairman

4 Shri Yashpal Singh Sisodia Member

5 Shri Kailash Sharma Member

6 Smt. Savatri Singh Member

7 Shri Maniram Member

8 Shri Asharam Member

9 Shri Ram Vilas Patel Member

10 Shri Ved Singh Thakur Member


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11 Smt. Sampatiya Bai Uike Member

12 Shri Ramchandra Hirajee Member

13 Shri Amrik Singh Member

14 Shri Ranjeet Singh Chauhan Member

15 Shri Rajpal Singh Sisodia Member

16 Commissioner Cooperative & Registrar Cooperative Society M.P.

Member

17

Chief General Manager, National Agri. & Rural Development Bank, Regional office Bhopal.

Member

18

Managing Director, M.P. State Cooperative Bank, Bhopal.

Member

Consolidated Financial Status of District Central

Co-operative Bank

Rs.in Crores

Sr.No.

PARTICULARS 2007-08 2008-09 2009-10Tentative

1 No. of DCCB 38 38 38

2 Share Capital 342.77 392.23 451.06

3 Reserves and Other Funds 1409.08 1568.16 1725.65

4 Deposits 5226.25 6041.53 7050.35

5 Borrowings 1883.37 1810.75 1919.40


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6 Loans & Adv. O/S. 5262.44 5422.75 5802.34

7 Working Capital 8823.44 9846.34 11027.90

8 Profit for the year (Amt.) 82.85 121.64 175.70

9 No. of Banks 37 37 38

10 Loss for the year (Amt.) 1.54 4.49 011

No. of Banks 1 1 0

12 Accumulated Profit (Amt.) 45.13 65.45 94.90

13 No. of Banks 15 17 19

14 Accumulated Loss (Amt.) 406.24 330.53 287.73

15 No. of Banks 23 21 19

Branches Of Apex Bank In Bhopal

s.no. PLACE CONTACT NO.1. Main branch T.T. Nagar 26747512. Arera colony (E-4) 26747533. M.P. Nagar 26747604. Ibrahimpura 26747665. Indrapuri piplani 26747666. Kotra sultanabad 26747627. Malik market hamidia

road2674759


APEX BANK

DEMAND DRAFT

S.No.

PARTICULARS REVISED RATE(Inclusive of Service Tax & Education Cess)

1REMITTANCES(DRAFTS, MTS, TTS)

Upto Rs.1000/- Rs.10/- per instrument Rs.1001/- to Rs.5000/- Rs.15/- per instrument Rs.5001/- to Rs.10000/- Rs.15/- per instrument Rs.10001/- to Rs.1.00Lac Rs.2/- per thousand or part thereof with a minimum of Rs.25/-

Above Rs.1.00 LacMinimum Rs.200/- Rs.1.60 per thousand maximum Rs.16000/-

2

REMITTANCES

BANKER'S CHEQUE/

PAY ORDER) Upto Rs.1000/- Rs.10/- per instrument Rs.1001/- to Rs.5000/- Rs.15/- per instrument Rs.5001/- to Rs.10000/- Rs.15/- per instrument Rs.10001/- to Rs.1.00Lac Rs.1.50 per thousand or part thereof

Above Rs.1.00 Lac Rs.1.20 per thousand minimum Rs.150/- maximum Rs.5000/-3. Revalidation on DD Rs.30/- per DD


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LOCKERS RATE

s.no. LOCKER

CHARGES w.e.f. 01/11/2008

1. LOCKER CHARGES PER YEAR

*SIZE A 500/- *SIZE B 700/- *SIZE C 900/- *SIZE D 1200/- *SIZE E 1500/- * SIZE F 2000/-

2. LOCKER VISIT TWO FREE VISIT IN A MONTH ADDITIONAL PER VISIT CHARGES-

RS.30/-

FIXED DEPOSITS RATE

S.No. FIXED DEPOSIT DURATION INTEREST RATES IN % for Below ₹1.00 Cr.

INTEREST RATES IN % for ₹1.00 Cr.

and Above

1 From 7 to 14 days 3.50 4.00

2 From 15 to 45 days 5.00 5.25

3 From 46 to 90 days 5.50 5.75

4 From 91 to 179 days 6.50 6.75

5 From 180 days to less than 01 year 7.50 8.00

6 01 year or more but less than 2 year 8.75 8.75

7 02 year or more 8.50 8.50


APEX BANK

** If you are senior citizen, then on submission of proof to bank, you can avail 1 % more interest on a deposit of ₹ 10,000/- or more for a period of one year & above.

The Reserve Bank of India, India's central banking authority, was nationalized on January 1, 1949 under the terms of the Reserve Bank of India (Transfer to Public Ownership) Act, 1948 (RBI, 2005b).[Reference www.rbi.org.in]


APEX BANK

In 1949, the Banking Regulation Act was enacted which empowered

the Reserve Bank of India (RBI) "to regulate, control, and inspect the banks in India."

The Banking Regulation Act also provided that no new bank or branch of an existing bank could be opened without a license from the RBI, and no two banks could have common directors.

Commercial Banking

Commercial Banking in India provides a full range of products and services: Loan Products, Corporate Finance, Financial Markets, Payments & Cash Management, Trade Finance Solutions and Debt Capital Market.

RBI on Cooperative

In 1935 Reserve Bank of India was established. A separate section for providing agricultural credit was opened. In 1937 this section studied various problems of Indian co-operative movement and submitted its report stating that development of co-operative societies should be given priority.

National Bank for Agriculture and Rural Development BALANCE SHEET ANALYSIS

APEX BANK

(NABARD) is an apex development bank in India based in Mumbai, Maharashtra. NABARD was established on the recommendations of Shivaraman Committee, by an act of Parliament on 12 July 1982 to implement the National Bank for Agriculture and Rural Development Act 1981

NABARD’S ROLE: 1: serves as an apex financing agency for the institutions providing investment and production credit for promoting the various developmental activities in rural areas

2: co-ordinates the rural financing activities of all institutions engaged in developmental work at the field level and maintains liaison with Government of India, State Governments, Reserve Bank of India (RBI) and other national level institutions concerned with policy formulation undertakes monitoring and evaluation of projects refinanced by it.

NABARD's refinance is available to State Co-operative Agriculture and Rural Development Banks (SCARDBs), State Co-operative Banks (SCBs), Regional Rural Banks (RRBs), Commercial Banks (CBs) and other financial institutions approved by RBI. While the ultimate beneficiaries of investment credit can be individuals, partnership concerns, companies, State-owned corporations or co-operative societies, production credit is generally given to individuals.

NABARD's role in rural development in India is phenomenal.National Bank For Agriculture & Rural Development (NABARD) is set up as an apex Development Bank by the Government of India with a mandate for facilitating credit flow for promotion and development of agriculture, cottage and village industries. The credit flow to agriculture activities sanctioned by NABARD reached Rs 1,574,800 million in 2005-2006. The overall GDP is estimated to grow at 8.4 per cent. The Indian economy as a whole is poised for higher growth in the coming years. The purpose of RIDF is to promote innovation in rural & agricultural sector through viable means. Effectiveness of the program depends upon many factors, but the type of organization to which the assistance is extended is crucial one in generating, executing ideas in optimum commercial way. Cooperative is member


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driven formal organization for socio-economic purpose, while SHG is informal one. NGO have more of social color while that of PRI is political one.

NABARD SANCTIONS FOUR TYPES OF LIMITS

ST(SAO)

OTHER CROPS OPP NPDP DTP

ST (SAO): SHORT TERM SEASONAL AGRICULTURAL OPERATION.

OPP: OILSEED PRODUCTION PROJECT PROGRAMME

NPDP: NATIONAL PULSES DEVELOPMENT PROGRAMME

DTP: DEVELOPMENT OF TRIBAL POPULATION

OTHER CROPS (EXCEPT OPP, NPDP, DTP)

ST (SAO) Production Loan

Different lines of production credit limit under ST (SAO) are made available to the DCCBs for financing agriculture purposes viz. credit limit for oilseed (OPP), Pulses (NPDP), Development of tribal populace (DTP) and other crops (STN)

A. ST Credit Limit for Other Crops


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During the year 2010-11, credit limit of Rs. 1586.02 crores was sanctioned for financing in other crops to DCCBs for financing to member farmers other than oilseeds & pulses crop.

B. Oilseed Production Programme

During the year 2010-11 under Oilseed Production Programme, Apex Bank has sanctioned aggregate credit limit to the tune of Rs.965.19 crores to DCCBs for disbursing the crop loan to the farmer members of the PACS.

C. Credit limit for Pulses (NPDP)

3 DCCBs were sanctioned total credit limit of Rs.32.34 crores for disbursement in pulses crops for the year 2010-11.

D. Credit limit for Development of Tribal Population (DTP)

In the year 1995-96, Govt. of India has started special programme for development of Tribal populace. Under the above programme, 19 tribal dominated districts of Madhya Pradesh have been selected and credit limit to the tune of Rs. 218.35 crores was sanctioned to 14 DCCBs in the year 2010-11.

THREE TIER STRUCTURE OF APEX BANK

S.C.B.

D.C.C.B

P.A.C.S

FARMERS

SCB State Co-Operative Bank (Apex Bank)

DCCB District Central Co-Operative Bank


APEX BANK

PACS Primary Agriculture Co-Operative Society

In apex bank there is three tier structure in which first is S.C.B

which is at state level, State Level Implementing and Monitoring Committee (SLIC) under the chairmanship of Secretary Finance and similarly at DCCB Level District Level Implementing and Monitoring Committees (DLICs) have been constituted under the chairmanship of District Collectors. PACS come under DCCB , Farmers are provided loan amount as a member of PACS. {The members are elected by PACS, as member of S.C.B.}NABARD finances only 45% remaining 55% is arranged by society, DCCB and apex bank.

Basically farmers go to PACS if not available then loan amount is forwarded to DCCB if again loan could not be sactioned then case is forwarded to apex bank.

Formation of co-operative bank to help the farmers in three distinct periods as for :

1. short term ( for less than one year)2. medium term (between one to five years)3. long term (more than five years)

NABARD’S ROLE AND FUNCTIONS ARE SUMMARISED BELOW:-

credit functions developmental & promotional functions supervisory functions institutional capacity building Customer Relationship Management (CRM) helps to achieve goals.

Madhya Pradesh Rajya Sahakari Bank Mydt. Bhopal Statement showing PACS position of DCCBS

As on 31st March 2007


APEX BANK

NAME OF DCCB PACS

AFFILLATED TO DCCB

LAMPS FSS/LSS TOTAL NO. OF PACS

1 BALAGHAT 112 14 0 126

2 CHHINDWADA 118 27 0 145

3 JABALPUR 97 23 1 121

4 MANDLA 0 87 0 87

5 NARSINGHPUR 93 11 0 104

6 SEONI 10 22 25 57

7 BHIND 166 0 1 168

8 DATlA 55 0 0 78

9 GUNA 140 8 0 148

10 GWALIOR 99 0 0 76

11 MORENA 132 3 1 136

12 SHIVPURI 86 3 0 89

13 KHARGONE 57 120 6 183

14 DHAR 11 79 5 95

15 INDORE 111 9 0 120

16 JHABUA 0 71 0 71

17 KHANDWA 96 53 10 159

18 BHOPAL 35 0 0 35

19 BETUL 32 57 2 91

20 RAISEN 87 16 10 113

21 RAJGARH 140 0 0 140

22 VIDISHA 154 0 0 154

23 HOSHANGABAD 114 26 10 150

24 SEHORE 91 5 0 96

25 REWA 135 3 10 148

26 SATNA 144 12 3 158

27 SHAH DOL 10 90 1 101

28 SIDHI 51 38 4 93

29 SAGAR 165 13 0 178

30 DAMOH 89 13 0 102

31 PANNA 84 4 0 88


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32 TIKAMGARH 87 0 0 87

33 CHHATARPUR 113 0 0 113

34 UJJAIN. 170 0 2 172

35 DEWAS. 98 21 4 123

36 RATLAM 83 18 2 103

37 MANDSAUR 166 5 1 172

38 SHAJAPUR 146 0 0 146

TOTAL 3577 851 98

There are 4500 societies of apex bank at present 3800 approximately.And 1000 – 1500 branches are of apex bank . apex bank mainly works for rural areas and provides loan to farmers.

LOANS

Agricultural Loans And Advances Provided By Apex Bank Are: -

1. ST (SAO)Production Loan. 2. Oilseed production programme. 3. Credit Limit for Oilseeds. 4. Credit Limit for Development Tribal Population. 5. ST Credit Limit for the other Crops. 6. Medium Term Conversion /Rephasement Loans. 7. Disbursement of Loan to small Marginal Farmers. 8. Fertilizer Cash Credit limit. 9. Kisan Credit Card scheme.


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10.Integrated Rural Development Programme/ Swarnjayanti gram

Swarojgar(SGSY)

Non-Agricultural finance: -

1.Financing for Purchase of Shares of Industrial Coop Units.2. Finance for Distribution of Chemical Fertilizers.3. Finance for Working Capital.4. Financing of Agro-Industrial Coop Units.5. C.C. Limits for procurement & marketing of agriculture Produce.6. Financial Accommodation for Public Distribution Scheme.7. Financial for working Capital Requirements of Coop Processing Units.8. Financial Accommodation for Weavers & Ind Coop Units.9. Financial Accommodation to Cooperatives and other institutions.10. Loans against Pledge Ornament

CONSUMER LOANMADHYA PRADESH RAJYA SAHAKARI BANK MYDT; BHOPAL

Home Banking - Individual Loan Rates w.e.f. 15.02.2010


APEX BANK


1. CONSUMER LOAN

Purpose For House hold itemsMax. Loan Amount

Rs. 60,000/-

Margin Money

25%, 10% (in group cases) , 15% (in case of Employees*)Interest Rate

12.50% , 9.5% p.a. (in case of Employees*)Insurance

In case of vehicle.

Repayment Period

5 years on monthly basis

Security

i) Salaried

ii) Non Salaried

Guarantee of 1 person + Advance cheque/ Authority letter/ Employer acceptance letter.

Guarantee of 1 person + Collateral Security i.e. N.S.C. / F.D.R. and Advance Cheques

2. VEHICLE LOAN

TopPurpose For personal use and Commercial useMax. Loan Amount

Light- Rs.5.00 lacs (Personal)Heavy-Rs.10.00 lacs (Commercial)

Margin Money

15.0% & 25.0% , 15% (in case of Employees*)Interest Rate

12.0%, 9.5% p.a. (in case of Employees*)Insurance

Insurance of vehicle.

Repayment Period

5 years on monthly basis

Security:-

i) Salaried

ii) Non Salaried

Guarantee of 1 person + Employer acceptance letter /authority letter/Advance Cheques

Guarantee of 1 person + Collateral Security i.e. N.S.C. / F.D.R./Advance Cheques

3. HOUSE LOAN

TopPurpose For purchases/construction of Houses, ModernisationMax. Loan Amount

Rs. 15.00 lacs

APEX BANK

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RESEARCH METHODOLOGY


APEX BANK

Research in common parlance refers to search for knowledge. Research is an art of scientific investigation. The advanced learner’s dictionary of current English lays down the meaning of research as “ a careful investigation or inquiry specially through search for new facts in any branch of knowledge.” Research is an academic activity and as such the term should be used in technical sense. According to CLIFFORD WOODY research comprises defining and redefining problems, formulating hypothesis or suggested solutions; collecting, organising and evaluating data; making deduction and reaching conclusions ; and at last carefully testing the conclusions to determine whether they fit the formulating hypothesis. The term approach refers to the systematic method consisting of enunciating the problem, formulating a hypothesis, collecting the facts or data, analyzing the facts and reaching certain conclusions.

PURPOSE OF RESEARCH

The purpose of research is to discover answer to questions through the applications of scientific procedures. The main aim of research is to find out the truth which is hidden and which has not been discovered as yet. Though which research study has its own specific purpose. We may think of research objectives as falling into no. of following broad grouping:-

1) To gain familiarity with a phenomenon or to achieve new insights into it.

2) To portray accurately and characteristics of a particular individual, situation or a group.

3) To determine the frequency with which something occurs or with which it is associated with something else.

4) To test a hypothesis of a casual relation between variables.

RESEARCH PROCESS

Research Process Consists Of Series Of Actions Or Steps Necessary To Effectively Carry Out Research And The Desired Sequencing Of These Steps.


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1) FORMULATING THE RESEARCH PROBLEM2) EXTENSIVE LITERATURE SURVEY3) DEVELOPMENT OF WORKING HYPOTHESIS4) PREPARING THE RESEARCH DESIGN5) DETERMINING SAMPLE DESIGN6) COLLECTING THE DATA7) EXECUTION OF THE PROJECT8) ANALYSIS OF DATA9) HYPOTHESIS – TESTING

10) GENERALISATIONS AND INTERPRETATION

11) PREPARATION OF REPORT OR THESIS

The last point is very important as it contains

“ the layout of the report that is preliminary pages; the main ext; and the end matter. In preliminary pages report should carry title and data followed by acknowledgement and forward. Then there should be table of contents followed by a list of tables , graphs and charts, if any, given in the report.”

The main text includes “introduction; summary of findings; main report; conclusion.

The end part should be enlisted in kinds of bibliography, i.e. list of books, journals, reports, etc. index should be given specially in a published report.

HYPOTHESIS

MEANING: - HYPOTHESIS means assumption or some supposition to be proved or disproved. But for a researcher hypothesis is a formal question that he intends to resolve.a research statement is a predictive statement, capable of being tested by scientific methods, it relates an independent variable to dependent variable.


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Methods of data collectionThe task of data collection begins after a research problem has been defined and research design. While deciding about the method of data collection to be used for study. The researcher should keep in mind two ways of data viz. primary and secondary. The primary data are those which are collected for the first time, and thus happen to be original in character. The secondary data , on the other hand are those which have already been collected by someone else and which are passed through the statistical process.

COLLECTION OF PRIMARY DATA:-

Collection of data is done during the course of doing experiments research of the descriptive type and sample surveys, thus in other words, means that there are several methods of collecting primary data , particularly in surveys as (i) observation method; (ii) interview method; (iii)

Through questionnaires; (iv) through schedules.

COLLECTION OF SECONDARY DATA:-

Secondary data are those which are already collected and analyzed by someone else. Secondary data may either be published or unpublished data. Researcher can refer various publications of central, state and local governments. books and magazines, news papers reports and publications of various associations connected with business and industry, banks, stock exchange, etc; in different fields ; and public records and statistics. The sources of unpublished data may be in the form of diaries, letters, unpublished bibliographies and autobiographies and also may be available with scholars and research workers , trade associations.

Researcher must be very careful in using secondary data.


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MEANING OF FINANCIAL STATEMENT

Final accounts are those accounts which are prepared with the object to specify the trading results of a certain period and financial position on a specific date. these are called as final accounts because they are prepared at the end of financial year and after closing of the final account no records are done in that financial year.


project on apex bank

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