Axis Bank -3 Ppt

8/4/2019 Axis Bank -3 Ppt

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Presented By:

Nitin Kumar (147)Rizwan Khan (155)

Manish Gupta (177)


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Previously called UTI Bank renamed in 2007 asaxis bank.

Jointly promoted by UTI,LIC,NIC & GIC.

Shikha sharma was named CEO on 20th April 2009.

The bank has 1281 branches with over 6270 ATMs.


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MAIN SERVICES OF

THE BANKPersonal banking account

- Term deposits

- Fixed deposits- Recurring deposits

Cards

- Gold plus & gold card-Silver plus & silver card


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Contd..Corporate banking accounts

-Normal current account

-Trust/ NGO saving account

Retail banking

-Deposits scheme-Loans & advances

-Personal loan

-Housing loan-Auto loan etc.


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INFORMATION MANAGEMENT

SYSTEMProvides information to manage organizations.

Three primary resources: technology, information,and people.

Subset of the overall internal controls procedures.


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TYPES OF INFORMATION

MANAGEMENT SYSTEMTransaction processing systems (TPS) collects

and records the routine transactions

Management information systems (MIS) produces fixed, regulatory scheduled reports fromoutputs of TPS


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Contd..Decision-support systems (DSS) computer programs

used by middle management to compile information

Executive support systems (ESS) is a reporting toolthat provides quick access to summarized reports of allthe departments


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AXIS BANK INFORMATION

SYSTEM Axis bank has implemented a New derivative system-

summit FT by global financial application provider-Misys

System will provide the bank with the ability to structure

derivative products in Real Time, Reduce time to marketand give a single view of the entire transaction to thecustomers.

Derivative transactions can expose the bank to 3 broadcategories of risks:

1. Counterparty credit risk

2. Market risk

3. Operational risk


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AXIS BANK INFORMATION

SYSTEM

( contd.) Risk Management solutions provider for derivatives market,

Pyxis Systems, has announced that axis Bank has selected its

RisKompass as the software solution for financial derivatives riskmanagement.

A software system for derivatives valuation and riskmanagement, RisKompass enables clients to manage derivativetrades in a further controlled way from the front to back office.

Supporting the industry standard FpML (Financial ProductMarkup Language) protocol, it can manage valuation and riskmanagement of a broad range of derivatives instruments.


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ORGANIZATION COMPUTING

RESOURCESSoftware Resources

1. Application Software

Following application softwares are used inorganization and functioning of our informationsystem

Microsoft Office

Adobe Reader

Riskompass

FpML (Financial Product Markup Language)


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RESOURCES(contd.)2. System Software

Following application softwares are used in

organization and functioning of our informationsystem

Operating System (Windows XP and Linux) forPCs.

Windows 2003 server for mainframes.


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RESOURCES(contd.)Hardware Resources

Personal computers

Canon Document Scanners HP Printers

Networking cards

Currency counter

Coin counters

HP Digital Scanners

Dell Mainframes


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Computing TypeIn axis bank, they are using client/server networkbecause it is accessible and the employees easily sharethe data and this network is cheaper than others andthis is easily maintainable and manageable. All thedata save in main server or HUB and employees caneasily access it. This type of computing systemprovides an easy access and efficient f low of data,

which increase the functionality of organization.


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ORGANIZATION TRANSACTION

PROCESSING SYSTEMA Transaction Processing System (TPS) is a type ofinformation system. TPSs collect, store, modify, andretrieve the transactions of an organization. Atransaction is an event that generates or modifies datathat is eventually stored in an information system.From a technical perspective, a Transaction ProcessingSystem (or Transaction Processing Monitor) monitors

transaction programs, a special kind of programs. Theessence of a transaction program is that it managesdata that must be left in a consistent state.


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Employees Record(contd.)


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Online ComplainsAxis bank allows the customer the option of online

complains. The customer submits the online complainwhich is then processed by Customer Service TPS

which is linked by management and after the problemidentification it is send to the concerned department.


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Online Complains(contd.)


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Atom Technologies, a subsidiary of the BSE-listedFinancial Technologies (India) Ltd (FTIL), whichruns the Multi Commodity Exchange of India hasinnovated a technology, which will enable mobilepayments. Atom card- a product developed by the

company and the accompanying software can embeda user's credit card data, over-the air like SMS into hismobile phone.Team Inertia Technologies are the authorized resellerfor Axis Bank Payment Gateway Services in the state.EBS (E-Billing Solutions) is the Merchant Account

providing company partnered with Axis Bank thatvisualizes you how to become more competitive andhelp you to make the changes to your online paymentprocessing for risk free business.


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Working of EBS

Step 1: Customer select and adds item in the shopping cart And places the order on your(merchant) website.

Step 2: Customer selects to pay via credit card.

Step 3: Customer is redirected through EBS Payment Gateway to Transaction Processing

Bank.

Step 4: Customer enters credit card details on Secured Payment page.

Step 5: Credit card information is transmitted securely to the corresponding bank forapproval.

Step 6: Corresponding bank sends appropriate information to the transaction Processing

bank.Step 7: The result is forwarded to EBS (via the Transaction Processing Bank).

Step 8: Customer receives a confirmation and is redirected to your (merchant) website.


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METHODS OF MOBILE PAYMENT

1. Electronic Clearing Service (ECS Credit)

ECS Credit is an electronic clearing system that facilitatespaperless transaction through an offline system. Axis Bank

facilitates ECS Credit at all ECS designated locations. Weaccept the electronic file and arrange objection ofsettlement date (date of credit to beefier account) fromRBI/SBI/Local Clearing House as the case may be. The

funds get debited from a centralized account and credit isaccorded to the respective beneficiaries as per settlementcycle. A detailed MIS about the transactions is provided tothe customer.


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METHODS OF MOBILE

PAYMENT(contd.) 2. NEFT

To establish an Electronic Funds Transfer System tofacilitate an efficient, secure, economical, reliable and

expeditious system of funds transfer and clearing in thebanking sector throughout India. The customer willing toavail the NEFT facility offered by us shall submit an "NEFT

Application Form" authorizing the sending bank to debitthe sender's account and transfer funds to the beneficiary

specified in the NEFT Application Form. The Beneficiary'saccount will be credited on the same day by crediting thespecified account of the beneficiary or otherwise placingfunds at the disposal of the beneficiary.


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Employees RecordAll employees are supposed to login when they enter

the bank and logout on leaving, by tracing their thumbimpressions on biometric device. This device is

connected with the HUB which continuously makesrecord of their hours spent in the bank. Moreover, thebank has their own setup named which makes recordsof all the transactions made by an employee. This help

management to monitor the working efficiency of anemployee


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CONCLUSION AND FUTURE WORK

A management information system is a system orprocess that provides the information necessary tomanage an organization effectively. MIS and the

information it generates are generally consideredessential components of prudent and reasonablebusiness decisions.

These report discuses all the activities that theManagement Information System performs in ourselected organization Axis Bank.


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Thank You

Documents

Axis Bank -3 Ppt