Banking and Finance System
You must have already guessed what the article is about from the title. The project that will be discussed in this article is a part of our skill development project - 2 in the 4th semester of our B.Tech journey. Let us begin with the team members of our project, Our project is led by myself, 20000331382 Achyuta Kumar Mohapatra, and my friend 2000031489 S. Akhil Kumar and 2000031871 Bala Uday Shankar. Now let us get into the description of our project: Banks perform various roles in the economy. First, they ameliorate the information problems between investors and borrowers by monitoring the latter and ensuring a proper use of the depositors’ funds. Second, they provide intertemporal smoothing of risk that cannot be diversified at a given point in time, as well as insurance to depositors against unexpected consumption shocks. Because of the maturity mismatch between their assets and liabilities, however, banks are subject to the possibility of runs and systemic risk. Third, banks contribute to the growth of the economy. Fourth, they perform an important role in corporate governance. The relative importance of the different roles of banks varies substantially across countries and times but, banks are always critical to the financial system. Introduction: BUSSINESS SYSTEM A business system is a series of interdependent tasks or documented procedures that outline exactly how to do something in an organization to achieve a business objective. Good business systems streamline workload, improve productivity and get results. Obejective:
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To meet the user and customer needs.
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To cut down the operating costs and increase savings.
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To smooth the flow data through various levels of the organisation.
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To speed up the execution of results with the reliable data available in a system. Stake Holders:
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Board of Directors
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Shareholders
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Employees
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Customers
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Financial Markets Analysis: WEEK – 1 •We’ve formed a team of two to make the work easier to divide. •We have made research on Banking Financial Systems WEEK -2 •TO COMMUNICATE WITH FACULITY AND TEAM MEMBERS ,WE HAVE MADE A CHANNEL IN TEAMS. NAMES:-Achyuta Kumar Mohapatra , Akhil Kumar , YENUMULA BALA UDAYA SANKAR
FACULTY NAME:- Harika Lakshmi, Ms. Sindhura S, Dr. Akhilesh Kumar Dubey. WEEK – 3 Conducting a survey to know public opinion about customer satisfaction
Now that the survey was done, it was time for us to go on a field study. We went to the nearby State Bank of India, NTR Circle Vijayawada to do our study and we got some info and took some photos there.
Suggestions: •Good Interest Rate On Saving Account •Proper Online Service •Export , Import And Foreign Exchange Facilities • Loan Facilites, •Auxiliary Service Must Be Good WEEK -4 UPDATING FIELD SURVEY IN LINKEDLN BY WRITING AN ARTICLE Conclusion: Banking and finance systems accelerates the rate and volume of savings through the provision of various financial instruments and efficient mobilization of savings. It aids in increasing the national output of the country by providing funds to corporate customers to expand their respective business.
Thankyou !!!
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