Index Industry ProfileDefinition of BankingImportance of Banking in IndiaStructure of Indian Banking SectorBanking FunctionsReserve Bank of IndiaFunctions of Reserve Bank of IndiaImproving Risk Management PracticesRevenue Stream DiversificationTechnological InnovationsFocus on Inclusion financialConsolidationDemonetisationFocus on Jan Dhan YojanaBroad usability of RTGS and NEFTKnow your customerAn internship is on-the-job training for many professional jobs, similar to an apprenticeship, most often undertaken by undergraduate and graduate students during their bachelor's or master's course in their spare time to complement their formal education and expose them to the world of work. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original Essay Internships provide various opportunities for interns during internship programs to expand familiarity in their chosen area of ​​work, to find out what matters in being demanding in a specific field of business, develop professional networking connections, develop interpersonal skills or get credit points if it is a sandwich course they are on. Employers also benefit from an internship agreement as it gives access to interns with certain skills to perform tasks relevant to the employer. Many interns end up serving permanently at the same organization where they interned. Their value to the organization may be greater than before due to the fact that they require modest or less training. An internship can be paid, unpaid, or paid to some extent. Internships can be part-time or full-time; generally the job is part-time during the academic year and full-time during the summer holidays. They usually last from six weeks to two months, their duration varies from organization to organization and can be shorter or longer depending on the organization for which they are being interned. Since the economic reforms of the 1990s in India, this has brought about a sea change in business and In academic culture, internships have found a prominent place in corporate life and management studies. A growing presence of multinational companies, rapid economic growth and globalization, individual aspirations and urbanization have influenced the role and desirability of internships. In my summer internship, I worked for a period in various branches of Bangalore City Co-operative Bank Limited for 8 weeks from 17 May 2018 to 14 July 2018. This report is a brief description of my 8 week internship done as a mandatory component of the 'MBA Programme, Jain University. The internship was done within the organization: Bangalore City Co-operative Bank Ltd, Bangalore. To understand the functioning and working conditions of a cooperative bank To see what skills and knowledge I still need to work in a professional environment To learn about the organization of a research project (planning, preparation, authorization) to know research methodologies (field methods/methods for analyzing data) gain field experience/collect data in an environment I was unfamiliar with to see if this type of work is a possibility for my future career. How they process loans, how to verify loan and advance files and documents, what their investment products are etc. they were practically understood. In this organizational study an attempt is made to analyze the banking process at Bangalore City Cooperative Bank Limited, how they mobilize investments and advances and their financial position. Industry Profile The wordbank originated from the French word conqueror Italian bank meaning an office for monitoring a transaction over the counter. In those days, desks were used as centers for monitoring transactions. Even during the barter system there were traces of banking activities, that is, people deposited livestock and agricultural products in certain places and obtained loans in exchange for obtaining loans of some other form. There is solid evidence found in documents excavated in Mesopotamia, showing that some banks existed around a valuation standard. Greece was the first country to introduce a satisfactory coinage system. After the invention of coins began, a significant banking system was born that took into consideration all the banking methods of a credit system. Rome was the first country to start state department-level banking in the 4th century BC with operations 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 common people. In ancient times the activity was carried out by goldsmiths, traders and usurers. They had transactions between them by which funds were transferred from one business firm to another. They had no general or uniform principles regarding banking, lending, interest rate, etc. A bank is a financial institution and financial intermediary that accepts deposits and channels those deposits into lending activities, either directly or through the capital markets. A bank connects customers who have capital deficits with customers who have capital surpluses. Due to their critical position within the financial system and the broader economy, banks in most countries are highly regulated. They are generally subject to minimum capital requirements based on an international set of capital standards, known as the Basel Accords. Banking in India originated in the last decades of the 18th century. The first banks were the General Bank of India, founded in 1786, and the Bank of Hindustan, founded in 1790; both are now deceased. The oldest existing bank in India is the State Bank of India, which originated in the Bank of Calcutta in June 1806, which almost immediately became the Bank of Bengal. This was one of the three Presidential Banks, the other two being the Bank of Bombay and the Bank of Madras, all three established under charters from the British East India Company. For many years the Presidency banks acted as quasi-central banks, as did their successors, then the nationalization of banks in 1969 and liberalization in 1991. In India, the banking sector is segregated as public sector banks, private sector banks and cooperative banks. banks. Banks in India can be classified into non-scheduled banks and scheduled banks which constitute commercial banks. There are around 67,000 scheduled bank branches across India. During the first phase of financial reforms, 14 banks were nationalized in 1969. The crucial step led to the transition from class banking to mass banking. Since then the growth of the banking sector in India has been a continuous progress. As far as the current scenario is concerned, the banking sector is in a transaction phase. Public sector banks (PSBs), which form the foundation 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 around the world. Through the development of technology, banking services have been made available to customers at all times, even after normal hoursopening of banks. Banking industry services are nothing but access to most banking services, verification of account details, transaction, etc. The Indian banking sector is broadly classified into scheduled banks and non-scheduled banks. Scheduled banks are those included in the 2nd schedule of the Reserve Bank of India Act, 1934. Scheduled banks are further classified into nationalized banks, State Bank of India and its associates, regional rural banks, foreign banks and other Indian sector banks private. . The term commercial banks refers to both scheduled and unscheduled commercial banks, regulated under the Banking Regulatory Act, 1949. Generally, banking in India is quite mature in terms of offering, product range and scope, although is present in rural India and India.the poor still remain a challenge. The government has developed initiatives to address this issue 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. Banking Definition Section 5(1) (b) defines banking as the acceptance of for the purpose of lending or investing deposits of money from the public repayable on demand or otherwise and withdrawal by cheque, draft and order or otherwise Importance of Banking Sector in India Banking sector plays a very important role in the economic development of a country. They touch every aspect of the modern banking system. Some of the important roles played by the banking sector in the development of the Indian economy are as follows. The banking system mobilizes the small, dispersed and ideal savings of people and makes it available for productive purposes, i.e. it helps in the process of capital formation. By offering interest banks attract depositors and promote the habit of savings and savings among people. The bank is a convent and is an economical means of payment and transfer of funds, for example, cheques, DDs, bank drafts. Banks help the movement of funds from regions where they are not very useful to regions where they can be used more profitably. Although the money supply (bank money and credit money) has a strong influence on interest rates in the money market. Banks direct the flow of funds towards productive channels. While lending money they discriminate in favor of essential businesses and against non-essential businesses. Structure of the 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 cooperative 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 risk suggest that Indian banks are generally resilient and have weathered the global recession well. The Indian banking sector has recently witnessed the launch of innovative banking models such as payments and small finance banks. Banking Functions The main functions are as follows: Lending money in the form of deposits. Loan or advance of money in the form of different types of loans. Issue, issuance, acceptance, discounting, buying and selling, collection and dealing of bills of exchange, promissory notes, coupons, drafts, bills of lading, railway receipts, warrants, bonds, certificates, negotiable and non-negotiable securities. Granting and issuing of credit, traveller's cheques, etc.Acquisition, holding, issuing on commission, underwriting, trading in shares, funds, stocks, bonds, bonds, securities of all kinds. Provision of safe deposits. Collection, transmission of money and securities. Buying and selling foreign banknotes. Purchase and sale of bonds and other forms of securities on behalf of constituents or others. The subsidiary functions of banks are: To act as agents for governments or local authorities or any other person. Carry out agency activities of any type. Contract public and private loans and negotiate and issue the same. Carry on warranty and indemnity business. Sell and realize any property or any interest in such property. Undertake and execute trusts. Provision of pensions and allowances and execution of pension payments. Reserve Bank of India The country's central bank is the Reserve Bank of India (RBI). It was established in April 1935 with a registered capital of Rs. 5 million based on the recommendations of the Hilton Young Commission. The share capital was divided into shares of Rs. 100 each fully paid up, which was initially wholly owned by private shareholders. ILThe government held shares of face value of Rs. 2,20,000. The Reserve Bank of India was nationalized in 1949. The overall superintendence and management of the Bank is vested in the 20-member Central Board of Directors, the Governor and four Deputy Governors, a government officer from the Ministry of Finance, ten directors appointed by the Government to 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, Calcutta, Chennai and New Delhi. The local councils are composed of five members each appointed by the central government for a period of four years to represent territorial and economic interests and the interests of cooperative and indigenous banks. The Reserve Bank of India Act, 1934 was enacted on 1 April 1935. The Act, 1934 (II of 1934) provides the statutory basis for the functioning of the Bank. The Bank was established due to the need to: Regulate the issuance of banknotes Maintain reserves in order to ensure monetary stability Manage the country's credit and currency system to its advantage. Functions of the Reserve Bank of India The Reserve Bank of India Act, 1934 entrusts all the important functions of a central bank to the Bank of India. Issuing bank. Government Bank Bankers Bank Lender of last resort Credit Controller Custodian of Foreign Reserves Supervision FunctionsImprovement of Risk Management PracticesIndian banks are increasingly focusing on adopting an integrated approach to risk management.Banks have already embraced the Basel II International Agreement on Banking Supervision; Interestingly, according to the RBI, most banks already meet the capital requirements of Basel III, which expires on March 31, 2019. Most banks have put in place a framework for asset-liability matching and credit and derivatives risk management. Revenue Stream Diversification Total loans increased at a CAGR of 12.38% during fiscal year 2007-2017 and total deposits increased at a CAGR of 10.08% during fiscal year 2007-2017 and have further set to grow, supported by demand for housing and personal finance. innovations As of February 2017, the total number of ATMs in India increased to 207,402 and is expected to further double in the coming years, thus leading to an increase in the number of ATMs per million people in India from 105 in 2012 to around 300 by 2017. .New trends like UPI and.