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Typology: Schemes and Mind Maps
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State Bank Of India Sr. No. INDEX Page No. 1 INTRODUCTION 2 INTERNET BANKING 3 SBI PROFILE 4 INTERNET BANKING AT SBI 5 SERVICES PROVIDED BY SBI IB 6 SWOT ANALYSIS 7 RECOMMENDATIONS & SUGGESTIONS 8 CONCLUSION
State Bank Of India Chapter I Introduction to Project The chapter describes the basic premise of the project. It also sets forward the path in which the project was planned and is being completed. Background Graduated in BBA as the background, and as a student of Fourth Semester MBA with specialization in Finance and Marketing, I was searching for a project area which should go along with my career in Finance division of banking industry and utilizes most of my Finance skills and knowledge. So it was narrowed down to the study of Internet Banking of State Bank Of India. Objectives The main objectives of the study are: To understand the concept of Internet banking and importance, to bank as well as customers. To get aware of various aspects of net banking To build up SWOC analysis of Internet banking of SBI
State Bank Of India Future scope The study of this topic will help to get the knowledge about process of internet banking and usefulness to banking industry. As the study contains the 360 degree information regarding SBI and its internet banking, Hence the study will lead to new ways to tackle the problems and the SWOT of SBI in respect of internet banking. This was all about how the project will go ahead and the findings from it. The next chapter deals with the Company Profiles
State Bank Of India Chapter 2 INTERNET BANKING The chapter describes in brief about INTERNET BANKING. Internet:- INTRODUCTION : - There is a sea change in the media world. While most consumers see the news papers, the same magazines and listen to the same radio programs, behind this bland public exterior there is a seething world of innovation, acquisition, global partnership and divorces, births and deaths… all of it most readily interpreted as the inevitable result of the technological revolution that is in the process of merging telephones, computers, televisions in to a single all singing, all dancing magic kit that will, very possible, change all of our lives more than we can imagine some day There are 2 ways you can respond to this 1 is to panic, which may mean simply curling up in a corner and wishing that it would all go away. The other is to embrace the new religion with messianic fervor and go out to proclaim the millennium. I welcome you to the new emerging world of the Info-High-Way, destined to redefine the world of communications:
State Bank Of India the decade, the first net was created and called ARPANET, connecting four American research organizations- university of Utah, university of California in Los Angeles and Santa Barbara, and Stanford research institute. Internet as a communication medium and as a repository of information has caught the imagination of computer users. This has fuelled an unparalleled growth in the number of Internet users. What Is Internet Banking?
State Bank Of India Internet Banking System is a system that has been developed in order to help clients with the daily day-to-day transactions. Internet banking systems means that clients can now do banking at the leisure of their homes. Also known as online banking, the system allows both transactional and non- transactional features. Online banking or internet banking allows customers to conduct financial transactions on a secure website operated by the retail or virtual bank History The term online banking was first started in 80’s. The term online became popular in the late '80s and referred to the use of a terminal, keyboard and TV (or monitor) to access the banking system using a phone line. ‘Home banking’ can also refer to the use of a numeric keypad to send tones down a phone line with instructions to the bank. Online services started in New York in 1981 when four of the city’s major banks (Citibank, Chase Manhattan, Chemical and Manufacturers Hanover) offered home banking services using the videotext system. Because of the commercial failure of videotex these banking services never became popular except in France where the use of videotex ( Minitel ) was subsidized by the telecom provider and the UK, where the Prestel system was used.
State Bank Of India The chapter describes the Company profile of State Bank Of India which was taken for the study of project. State bank of India:- State bank of India is the nation’s largest and oldest bank. Tracing its roots back some 200 years to the British East India Company (and initially established as the Bank of Calcutta in 1806), the bank operates more than 15,000 branches within India, where it also owns majority stakes in six associate banks. State Bank of India (SBI) has more than 80 offices in nearly 35 other countries, including multiple locations in the US, Canada, and Nigeria. The bank has other units devoted to capital markets, fund management, factoring and commercial services, credit cards, and brokerage services. The Reserve Bank of India owns about 60% of State bank of India. Some facts and figures SBI Share in Deposits & Advances SBI 18% SBI Share in Deposits & Advances SBI 18%
State Bank Of India SBI Share in Foreign Exchange SBI 35% SBI Share in Foreign Exchange SBI 35% SBI Share in Government Transactions (Receipts and payments on behalf of Government of India and other provincial Governments ) SBI 60% SBI Share in Government Transactions (Receipts and payments on behalf of Government of India and other provincial Governments ) SBI 60%
State Bank Of India 1995 : SBI Commercial and International Bank Ltd. are launched as part of SBI's stepped-up international banking operations. 1998 : SBI launches credit cards in partnership with GE Capital. 2002 : SBI networks 3,000 branches in a massive technology implementation. 2004 : A networking effort reaches 4,000 branches.
State Bank Of India Chapter 4 Internet banking at State Bank of India The chapter describes the facts about working of internet banking in state bank of India. Where SBI was? In early 1990’s more than 7000 branches were using traditional manual procedures. These manual procedures were inherited from the Imperial Bank. Traditional procedures were evolved over decades Very few changes were brought in those procedures as per the need of time. In that time, mainframe or mini computers were used for MIS, RECONCILLATION & FUND SETTLEMENT PROCESS, or we can say that for backhand operations purpose.
State Bank Of India Multiple Technologies to support the networking infrastructure – Leased lines, Dial-up, CDMA & VSAT CBS - Core Banking System Components
State Bank Of India Chapter 5 Services provided by SBI internet banking Chapter deals with the information related to various services an products of SBI internet banking Online SBI ( www.onlinesbi.com ) State Bank of India is India’s largest bank with a branch network of over 11000 branches and 6 associate banks located even in the remotest parts of India. State Bank of India (SBI) offers a wide range of banking products and services to corporate and retail customers. OnlineSBI is the Internet banking portal for State Bank of India. The portal provides anywhere, anytime, online access to accounts for State Bank’s Retail and Corporate customers. The application is developed using the latest cutting edge technology and tools. The infrastructure supports unified, secure access to banking services for accounts in over 11,000 branches across India.
State Bank Of India Regulator, Admin, Uploader, Transaction Maker, Authorizer, and Auditor. These roles have access to the following functions: Manage users, define rights and transaction rules on corporate accounts Access accounts in several branches with a single sign-on mechanism Upload files to make bulk transactions to third parties, supplier, vendor and tax collection authorities. Use online transactional features such as fund transfer to own accounts, third party payments, and draft issues Make bill payments over the Internet. Authorize, modify, reschedule and cancel transactions, based on rights assigned to the user Generate account statement Enquire on transaction details or current balance Value added services : Tax payments to central and state governments through site to site integration. Supply Chain Finance( e-VFS- Electronic Vendor Finance Scheme) Direct Debit Facility E Collection Facilities for:
State Bank Of India Core Banking Transactions Internet Bank transactions for incoming RTGS/NEFT Transactions Internet banking transactions for SBI and associate banks Debit facility where suppliers can directly debit their customer’s account through internet banking PRODUCTS AND SERVICES:- E-Ticketing SBI E-Tax Bill Payment RTGS/NEFT E-Payment Fund Transfer Third Party Transfer Demand Draft Cheque Book Request Account Opening Request Account Statement Transaction Enquiry Demat Account Statement
