Table of ContentsIndustry ProfileDefinition of Banking SectorSignificance of Banking Sector in IndiaStructure of Indian Banking SectorFunctions of Banking SectorReserve Bank of IndiaFunctions of Reserve Bank of IndiaImprovement of Risk Management PracticesDiversification of Money Flows incomeTechnological innovationsFocus on financial inclusionConsolidationDemonetizationFocus on Jan Dhan YojanaWide use of RTGS and NEFTKnow Your ClientAn internship is on-the-job training for many professional jobs, similar to an apprenticeship, more often taken by college and university students during their undergraduate studies cycle or master's degree in their free time to supplement their formal training and expose them. in the world of work. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get an original essayInternships provide various opportunities to interns during internship programs to broaden their knowledge in their chosen field of work, discover what is important to them in a demanding business sector, develop professional network connections, develop interpersonal skills or obtain credit points if it is a work-study course in which they participate. Employers also benefit from an internship program because it provides access to interns with certain skills to perform tasks relevant to the employer. Many interns end up with permanent service in the same organization in which they were interned. Their value to the organization may be greater than before because they require modest or less training. An internship can be paid, unpaid, or to some extent paid. Internships can be part-time or full-time; generally, they are part-time during the academic year and full-time during the summer holidays. They typically last from six weeks to two months, their duration varies from organization to organization and may be shorter or longer depending on the organization they are interning for. Since the economic reforms of the 1990s in India brought about a sea change in business and academic culture, internships have found a prominent place in corporate life and management studies. The growing presence of multinational companies, rapid economic growth and globalization, individual aspirations and urbanization have all influenced the role and opportunity of internships. During my summer internship, I worked in various branches of Bangalore City Co-operative Bank Limited for a period. of 8 weeks from May 17, 2018 to July 14, 2018. This report is a brief description of my 8-week internship under the MBA program at Jain University. The internship was carried out within the organization: Bangalore City Co-operative Bank Ltd, Bangalore. Understand the functioning and working conditions of a cooperative bank. See what skills and knowledge I still need to work in a professional environment. To learn more about the organization. of a research project (Planning, Preparation, Permission)To learn more about research methodologies (Field methods/data analysis methods)Gain experience of working in the field/collecting data in a non-professional environment was unfamiliar to meTo see if this type of work is a possibility for my future career. How they process loans, how to check loan and advance files and documents, what are their investment products, etc. were understood in practice. In thisorganizational study, an attempt is made to analyze the banking process in Bangalore city cooperative. Bank Limited, how they raise investments and advances and their financial status. Industry Profile The word bank is the origin of the French word conqueror Italian bank which means an office for an over-the-counter monitoring transaction. At that time, offices were used as transaction monitoring centers. During the barter system, there were also traces of banking transactions, that is, people accustomed to depositing livestock and agricultural products in specified places obtained loans to obtain loans in another form in exchange of these. There is strong evidence found in records excavated in Mesopotamia, showing that a certain banking existed around a standard of valuation. Greece was the first country to introduce a satisfactory currency system. After the invention of coins began, a significant banking system arose, taking into account all the banking possibilities of a credit system. Rome was the first country to establish a bank at the State Department level in the 4th century BC with transactions such as deposits and investments in other forms. In India, ancient records show that banking was popular and money lending was a common practice among the people. In the past, goldsmiths, merchants and money lenders did business. They carried out transactions between themselves by which funds were transferred from one company to another. They had no general or uniform principles regarding banking, lending, interest rates, etc. A bank is a financial institution and financial intermediary that accepts deposits and channels them into lending activities, either directly or through the capital markets. A bank matches customers with capital deficits with customers with capital surpluses. Due to their critical status within the financial system and the economy in general, banks are highly regulated in most countries. They are generally subject to minimum capital requirements based on a set of international capital standards, known as the Basel Accords. The banking sector in India originated in the last decades of the 18th century. The first banks were the General Bank of India, established in 1786, and the Bank of Hindustan, established in 1790; both are now extinct. The oldest existing bank in India is the State Bank of India, which emerged from the Bank of Calcutta in June 1806, which almost immediately became the Bank of Bengal. It was one of three Presidency banks, the other two being the Bank of Bombay and the Bank of Madras, all three established under the charters of the British East India Company. For many years, the Presidency Banks acted as quasi-central banks, as did their successors, then nationalization of banks in 1969 and liberalization in 1991. In India, the banking sector is separated into public sector banks, private sector banks and cooperative banks. banks. Banks in India can be classified as unscheduled banks and scheduled banks constitute commercial banks. There are around 67,000 branches of scheduled banks in India. During the first phase of financial reforms, 14 banks were nationalized in 1969. This crucial step led to the shift from class banking to mass banking. Since then, the growth of the banking sector in India has witnessed continuous progress. As far as the current scenario is concerned, the banking sector is intransaction phase. Public sector banks (PSBs), which form the backbone of the Indian banking system, account for over 78% of the total assets of the banking sector. The banking sector has revolutionized the system of financial transactions and services worldwide. Thanks to the development of technology, banking services are now available to customers at any time, even after normal banking hours. Banking sector services are nothing but accessing most banking services, checking account details, supporting the transaction, etc. The Indian banking sector is broadly classified into scheduled banks and unscheduled banks. The banks listed are those included in the 2nd Schedule of the Reserve Bank of India Act, 1934. The listed banks are further classified into nationalized banks, State Bank of India and its associates, regional rural banks, foreign banks and other Indian private sector banks. . The term commercial banks refers to scheduled and unscheduled commercial banks, regulated under the Banking Regulation Act, 1949. Generally speaking, the banking sector in India is quite mature in terms of offering, product range and scope , although its reach is in rural India and the rural poor remains a challenge. The government has developed initiatives to address this problem through the State Bank of India by expanding its branch network and through the National Bank for Agriculture and Rural Development (NABARD) with facilities such as microfinance. for the purpose of lending or investing deposits of money from the public repayable on demand or otherwise and for withdrawal by check, draft and money order or otherwise. Importance of Banking Services in India Banking services play a very important role in the economic development of a country. They touch every aspect of modern banking. Some of the important roles played by the banking sector for the development of the Indian economy are as follows. The banking sector mobilizes the small, dispersed and ideal savings of the population and makes them available for productive purposes, that is, it contributes to the process of capital formation. Interest banks attract depositors and encourage people to save and save. Banking is a convent and an economical means of payment and transfer of funds, i.e. check, DD, bank drafts. Banks facilitate the movement of funds from areas where they are not of much use. to regions where they can be used more usefully. Although the supply of money (bank money and credit money), banks exert a powerful influence on interest rates in the money market. Banks direct the flow of funds into productive channels. When they lend money, they discriminate in favor of essential activities and against non-essential activities. Structure of Indian Banking Sector The Indian banking system consists of 27 public sector banks, 21 private sector banks, 45 foreign banks, 56 regional rural banks, 1,589 urban cooperatives. banks and 93,550 rural cooperative banks, in addition to cooperative credit institutions. According to the Reserve Bank of India, the Indian banking sector is sufficiently capitalized and well regulated. The country's financial and economic conditions are far superior to those of many other countries in the world. Studies on credit, market and liquidity risks suggest that Indian banks are generally resilient and have weathered the global slowdown well. The Indian banking sector has recently witnessed the deployment ofinnovative banking models such as payment banks and small finance banks. as follows: Borrowing money in the form of deposits. The loan or advance of money in the form of different types of loans. The drawing, manufacture, acceptance, discounting, purchase and sale, collection and trading of bills of exchange, promissory notes, coupons, drafts, bills of lading, railway receipts, warrants, debentures, certificates, negotiable and non-negotiable securities. The granting and issuance of credit, traveler's checks, etc. The acquisition, holding, issuance on commission, subscription, trading of shares, funds, shares, debentures, bonds, securities of all kinds. Provision of deposit safes. Collection and transmission of money and securities. Purchase and sale of foreign tickets. or others. The subsidiary functions of banks are: Acting as agents for governments or local authorities or any other person. Carry out agency activities of any nature. Public and private loan contracts and negotiation and issuance thereof. Carry out warranty and compensation activities. .Manage the sale and realize any ownership or interest in such property. Undertake and execute trusts. Granting of pensions and allowances and payment of pensions. Reserve Bank of India The country's central bank is the Reserve Bank of India (RBI). It was established in April 1935 with a share capital of Rs. 5 crores based on the recommendations of the Hilton Young Commission. The share capital was divided into shares of Rs. 100 each fully paid and which initially belonged entirely to private shareholders. The Government held shares with a face value of Rs. 2,20,000. The Reserve Bank of India was nationalized in 1949. The general superintendence and direction of the Bank is vested in the 20-member Central Board of Directors , the governor and four deputy governors, an official from the Ministry of Finance, ten directors appointed by the The government must represent the important elements of the economic life of the country, and four directors appointed by the central government to represent the four local councils with headquarters in Mumbai, Kolkata, Chennai and New Delhi. Local councils are composed of five members, each appointed by the central government for a four-year term to represent territorial and economic interests as well as the interests of cooperative and indigenous banks. The Reserve Bank of India Act, 1934 was passed on 1 April 1935. The Act, 1934 (II of 1934) forms the statutory basis for the functioning of the Bank. The Bank was established to meet the following needs: To regulate the issue of bank notes To maintain reserves with a view to ensuring monetary stability To operate the credit and foreign exchange system of the country to its advantage.Functions of the Reserve Bank of IndiaThe Reserve Bank of India Act, 1934 entrusts all the important functions of a central bank of India.Bank of issue.Bank to governmentBankers BankLending of last resortCredit controllerCustodian of foreign reservesSupervision functionsImproved risk management practicesIndian banks are are increasingly focusing on adopting an integrated approach to risk management. Banks have already adopted the Basel II international banking supervision agreement. Interestingly, according to the RBI, the majority of banks already meet the Basel III capital requirements, the deadline for which is March 31, 2019. Most banks have an active- liabilities and credit risk management and derivative products. Diversification of income streams Total loans grew at a CAGR of 12.38 percent in.