TO WHOM IT MAY CONCERN

THIS IS TO CERTIFY THAT ….. STUDENT OF “………”, NEW DELHI,

HAS SUCCESSFULLY COMPLETED HER TRAINING IN BANK OF

MAHARASHTRA B/U SOUTH EX. NEW DELHI FOR THE DURATION

OF 35 DAYS FROM 20TH JUNE, 2011 TO 29TH JULY, 2011.

SHE HAS LEARNED MOSTLY ABOUT ACCOUNTS IN BANK.

SHE IS SINCERE, HARDWORKING AND HAS PERFORMED ALL HER

DUTIES AND ASSIGNMENTS ASSIGNED TO HER WITH

DEDICATION AND TO OUR SATISFACTION.

DURING HER TRAINING HER CONDUCT AND PERFORMANCE WAS VERY GOOD. I WISH HER SUCCESS IN HER CAREER AHEAD.

MUKESH SRIVASTAVA TEAM MANAGER

1

Chapter-1:

Profile of the Firm/Company

INTRODUCTION

What is a bank?

2

Bank is defined as an institution for the keeping, landing and exchanging etc. of

money. Economists have also defined a bank highlighting its various functions.

According to Crowther, the banker business is to take the debt of other people to offer

his own in exchange and thereby create money.” Thus a bank is an institution that

accepts deposits from the public in turn advances loans by creating credit.

It is different from other financial institutions in that they cannot create credit though

they may be accepting deposits and making advances.

Types of banks:

Commercial banks

Exchange banks

Industrial banks

Agricultural banks

Cooperative banks

Saving banks

Central banks

Banking Industry in India has always revolved around the traditional function of

deposits and credit. Their role had been defined as to assist the overall economic

growth with majority of share being controlled by the Government of India in most of

the banks. But with the process of liberalization, and the technological revolution the

banking industry has also undergone tremendous change in the last 5 years. The

3

market, which was largely controlled by the public sector banks, has now been facing

stiff competition not only from foreign players but also from the new generation

private sector banks. The rules of the game have been changing with the RBI

introducing new norms to make banks more accountable and to adopt the practices

followed worldwide.

Most of the banks have now been trying to function on the concept of a Universal

Bank. Apart from the traditional functions of a commercial bank, they are taking steps

to build themselves into a one stop financial centre wherein all the financial products

would be available. Banks have started catering to the retail segment to improve their

deposit portfolio. In order to have a maximum share in this segment, most of the

banks have been introducing new products. The delivery channels have also been

shifted from branches to ATMs, phone banking, net banking etc.

Banks traditionally involved in working capital financing have started offering

consumer loans and housing loans. Some of the banks have started offering travel

loans as well. Retail financing is the other area where the banks have started to

concentrate. The loan formalities too have been relaxed to a great extent and

sanctioning time has been speeded up.

Structure of the Banking

4

Bank of Maharashtra

Type Public

BSE & NSE:MAHABANK}

Industry Banking

Capital Markets and allied industries

Founded 1935

5

Headquarters Bank of Maharashtra,

Lokmangal

Shivajinagar

Pune India

Key people SHRI A.S. BHATTACHARYA , Chairman

Products Loans, Credit Cards, Savings, Investment vehicles etc.

Revenue   6,093.94 crore (US$1.36 billion)

Total assets Rs. 481 bn

Website www.bankofmaharashtra.in

Business Profile

Bank of Maharashtra is an Indian bank based in the city of Pune. The bank was

established in the year 1935 with an initial authorized capital worth Rs. 10.00 Lacs,

although it became operational in the early phase of the next year. The bank got

nationalized by the Government of India in the year 1969. With a total number of

1421 branches located all over India as on April 2009, the bank claims to have the

largest number of branches within the state of Maharashtra, among all the Public

Sector Banks.

6

Commonly known as a common man's bank, Bank of Maharashtra adopts a

philosophy of "Technology with personal touch", and follows its motto stating "One

Family, One Bank, Bank of Maharashtra". 

Facilities

All the branches of Bank of Maharashtra have been fully computerized, with

Depository services and Demat facilities being offered at 131 branches as of April

2009. The bank aims at increasing its ATM network from 345 to 500 soon, apart from

planning to install Biometric ATMs at some selected branches. Apart from it,

introduction of Phone Banking, Internet Banking and Mobile Banking is also on the

cards. 

Other Highlights 

Apart from providing regular banking services to the customers, Bank of Maharashtra

has established two Joint Ventures to fulfill its other commitments towards the

general public and society. These Joint Ventures are M-SETI and Mahabank Info

Centre. Mahabank Self-Employment Training Institute (M-SETI) is an effort initiated

by Mahabank Agricultural Research & Rural Development Fund (MARDEF), a trust

run by Bank of Maharashtra receiving help from National Bank for Rurl Development

(NABARD). The institute runs various self-employment oriented training courses for

7

the rural unemployed youth from the districts of Pune, Kolhapur, Satara, Sangli,

Nashik, Ahmednagar, Jalgaon, Dhule and Nandurbar.

 

Mahabank Info Centre is a yet another initiative by Bank of Maharashtra aimed at

providing various retail baking related information to the customers, and enabling

smoother operations for them.

 

Head Office

Bank of Maharashtra

 Lokmangal, 1501, Shivajinagar, Pune (Maharashtra) - 411 005 

Website: www.bankofmaharashtra.in

History of the organization

Established in 1935, Bank of Maharashtra is one of the leading banks of India.

Beginning with a mere capital of 10 lakhs on 8th February 1936, the bank targets to

cross the Business level of Rs. 85,500/- crores by March 2009.

Renowned for promoting small businesses, Bank of Maharashtra is known as

common man's bank. Working on the motto of Technology with Personal Touch,

8

Bank of Maharashtra is catering to a large number of people across all strata of

society. The nationalization of the bank in 1969 led to its rapid expansion and today

Bank of Maharashtra over 1400 branches spread all across India.

 

The Bank of Maharashtra has incorporated the latest technology to provide best

services to its customers. This public sector bank with largest network in Maharashtra

hopes to reduce net NPA level to below 1%.

From the chairman and managing director

It gives me immense pleasure to interact through this Web Site of Bank of

Maharashtra and I take this opportunity to share with you a few salient features of our

strength. It is our ten million clientele whose valuable support and patronage

facilitated the success of this well known institution.

9

I would like to recall and share with you that this great institution was founded way

back in September 1935 by a group of dedicated persons of small means but with a

great vision and wisdom.

The objectives behind establishing Bank of Maharashtra were to mobilize the savings

of household and extend financial support to persons of small means who were then

not considered for credit facilities by banks. In a nutshell, the philosophy of founder

fathers of the Bank was something more than what has been emphasized about the

role of Public Sector Banks in the economic upliftment of rural poor and neglected

segments of the society.

Right from its inception the Bank has continued to play a vital role in carrying

through this philosophy and has always been in the forefront in extending helping

hand to the weakest of the weaker sections besides providing banking services to all

the business, corporate, institutional and personal segments.

Down the stream over more than 70 years, banking industry has witnessed sea change

and the Bank could successfully sustain and face the emerging challenges including

smooth transition in the era of banking sector reforms which were initiated in the year

1992.The Bank has been continuously making profits for many years.

The overwhelming support and loyalty of ten million clientele has given us added

strength from time to time and enabled this Bank to establish its network of more than

1300 branches spread over 22 States and 2 Union Territories, thus giving unique

status of an All India Bank. This network is being expanded to cater to the banking

needs of under banked areas. As the banking industry is undergoing rapid

transformation and infusion of state-of-the-art technology in extending services is the

order of the day, Bank of Maharashtra is no exception. With the ever increasing

volume of business, number of clientele and their expectations of high quality service,

10

the Bank have been adopting latest technology to render cost-effective and customer-

friendly products and services without losing its “Personal Touch ".

We have an ATM network operated through VISA Debit card across the country. This

network is being continuously expanded. We have embarked on a very important

technological initiative viz., Core Banking Solutions which is targeted to transform

our Bank totally.

It is our constant endeavor to regularly upgrade our skills and technology and we are

eager to interact with as many well wishers as possible.

The bank is proactive in revising its interest rates on deposits for the benefit of the

customers. The Bank's objective is to continuously modify its existing products and

introduce new products to meet changing needs of the customers.

Recently we have started new services like Banc assurance in collaboration with LIC

of India and United India Insurance Co Ltd and Foreign Inward remittances services

through Western Union Money Transfer.

KEY INDUSTRY STATISTICS OF SCHEDULED COMMERCIAL

BANKS

(Rs bn)

  2003 2004 2005 2006

Total deposits 7140 8132 8729 9928

11

   Demand 1174 1273 1266 1347

   Time 5966 6859 7463 7498

Total bank credit 3688 4358 4667 4779

   Food 168 256 320 373

   non-food 3520 4102 4347 4399

Investments 2545 3088 3332 3347

  govt. sec 2232 2784 3023 3038

  other approved sec 313 304 309 314

Cash in hand 43 53 53 57

Balance with RBI 635 574 631 656

Cash-Deposit ratio 9.50% 7.70% 7.80% 7.80%

Investment-Deposit ratio 35.70% 38% 38.20% 38.20%

Credit-Deposit ratio 51.70% 53.60% 53.50% 53.50%

Banks traditionally involved in working capital financing have started offering

consumer loans and housing loans. Some of the banks have started offering travel

loans as well. Retail financing is the other area where the banks have started to

concentrate. The loan formalities too have been relaxed to a great extent and

sanctioning time has been speeded up.

12

Mergers and Acquisitions have also started playing their role in the banking industry

where lots of players are trying to consolidate their position. The recent merger of

HDFC Bank with Times Bank and ICICI Bank with Bank of Madura are important

steps in this direction. In recent times, most of the new private sector banks have

shown interest in inducting a foreign partner in their operations.

Most of the banks are also planning to enter the insurance business and are in the

process of identifying their strategic partners. Since most of the banks already have an

extensive distribution network, this new business should result in substantial

revenues. But with most of the top league players planning to enter this business, the

more efficient and pro active players would be able to take a lead.  

Bank of Maharashtra- Baprola

13

One of the renowned banks of India, Bank of Maharashtra has branches all over the

country. Delhi being the capital city of India is one of the favorite locations for all the

banks. Bank of Maharashtra in Delhi has several branches spread across the city,

catering to banking needs of Delhi people.

Working with a motto of technology with personal touch, Bank of Maharashtra strives

to achieve highest standards in providing banking facilities.

 

Bank of Maharashtra in Delhi provides following services to its customers:

Deposit Schemes

Mahasaraswati Scheme

Mixed Deposit Scheme

Mahabank Lok Bachat Yojana

Mahabank Unit Deposit Scheme

Sulabh Jama Yojana

Credit Facilities

Educational Loans

Housing Finance Scheme

Mahabank Adhar Scheme

14

Mahabank Vehicle Loan Scheme

Banking Services

ATM

Credit Card

Demat Services

Distribution of Mutual Funds

NRI Services

Techno Products

Add-on Services

Branches of Bank of Maharashtra in Delhi

Branch Name Address

BaprolaOpp Talab Village, Baprola, Nangloi, Najafgarh Road,

New Delhi

15

Dayanand Vihar 12, Dayanand Vihar, New Delhi -110092

Delhi –Asaf Ali RoadHorchest House, 3/1 Asaf Ali Road , New Delhi

110001

Delhi Chandani Chowk 1899, Ist Floor, Chandani Chowk, Delhi 110006

Delhi Connaught PlaceMaharashtra Bank Building, B-29, Connaught Place

Delhi 110001

Delhi – Dr Mukherjee

Nagar

B-9/10, Main Road, Commercial Complex, Dr

Mukherjee Nagar, Delhi

East Patel Nagar 828/6, East Patel Nagar, Delhi 110005

Greater KailashM-16, Greater Kailash II, K Block Market, Delhi

110048

Janak Puri 22-23, Institutional Area, D- Block Janak Puri, Delhi

Karol Bagh 5/36, W E A, Karol Bagh, New Delhi 110005

Preet ViharF-12, Dashmesh Niwas, Vikas Marg, Preet Vihar,

Delhi 110092

Delhi Service Branch6/44 W E A, Ajmal Khan Road, Karol Bagh, Delhi

110005

Delhi UPSCDholpur House, Shahajahan Road, UPSC, Delhi

110011

DwarkaAntariksha Plaza, Plot No. 2, Sector 10, MLU Dwarka,

New Delhi

16

Paschim Vihar 10/401, Sunder Vihar, Paschim Vihar, Delhi 110087

Pushpanjali Enclave, New

Delhi

A-26, Pushpanjali Enclave, Pitampura, New Delhi

110034

Rohini, DelhiGarg Trade Center, Community Center, Sector II,

Rohini, Delhi 110085

I have completed my summer training in the Bank of Maharashtra Baprola branch. So

the IFSC code details and Baprola Branch Information is provided below:

BANK OF MAHARASHTRA - BAPROLA is located at DELHI state, DELHI

district, METRO city.

Address: [OPP. TALAB, VILLAGE BAPROLA, NAGLOI-NAJAFGARH ROAD,

NEW DELHI - 110 043].

17

Contact phone number / numbers - 25325515.

The IFSC Code is MAHB0001247.

Branch code is the last six characters of the IFSC Code - 001247.

Range of products and services:

Personal Loans

Car Loans

Two Wheeler Loans

Commercial Vehicle Loans

Loans Against Securities

Farm Equipment Loans

Construction Equipment Loans

18

Office Equipment Loans

Medical Equipment Loans

Home loan

Board of Directors:

Shri Anup Sankar Bhattacharya( Chairman and Managing Director)

Shri M.G Sanghvi( Executive Director)

Shri. V. P. Bhardwaj

Ms. Kamala Rajan

Shri. A. K. Pandit

Dr. D. S. Patel

Dr. S. U. Deshpande

Shri. S. D. Dhanak

Dr. Naresh Kumar

Shri. Ramesh C. Agrawal

Vision of the organization:

To be a vibrant, forward looking, techno-savvy, customer centric bank serving diverse

sections of the society, enhancing share holders' and employees value while moving

towards global presence.

Mission of the organization:

19

To ensure quick and efficient response to customer expectations. To innovate

products and services to cater to diverse sections of society.

To adopt latest technology on a continuous basis. To build proactive professional and

involved workforce.

To enhance the shareholders’ wealth through best practices and corporate governance.

To enter international arena through branch network.

To be a vibrant, forward looking, techno-savvy, customer centric bank serving diverse

sections of the society, enhancing shareholders' and employees' value while moving

towards global presence. 

The autonomy:

The Bank attained autonomous status in 1998. It helps in giving more and more

services with simplified procedures without intervention of Government.

Social aspect:

The bank excels in Social Banking, overlooking the profit aspect; it has a good share

of Priority sector lending having 38% of its branches in rural areas.

20

Other attributes:

Bank is the convener of State level Bankers committee. Bank offers Depository

services and Demat facilities at 131 branches. Bank has a tie up with LIC of India and

United India Insurance Company for sale of Insurance policies. All the branches of

the Bank are fully computerized.

Company snapshot:

BSE: 532525 | NSE: MAHABANK | ISIN: INE457A01014 

Market Cap: [Rs.Cr.] 2,329 | Face Value: [Rs.] 10

Industry: Banks - Public Sector

48.35-1.55 [3.1]%

BSE Sep 22,00:00

Day's High | Low 49.40 | 48.20

Day's Volumes 28,946

52Wk High | Low 84.95 | 47.00

Open Price 49.40

21

Turnover 1,406,038.00

Deliverable Vol. 15,050

6 Mth. Avg. Vol. 120,301.21

48.25-1.50 [3.0]%

NSE

Sep 22,00:00

Day's High | Low 49.70 | 48.10

Day's Volumes 104,929

52Wk High | Low 85.00 | 47.15

Open Price 49.70

Turnover 5,094,315.90

Deliverable Vol. 61,921

6 Mth. Avg. Vol. 465,529.44

22

Key ratios

  Mar-11 Mar-10 Mar-09

P/E (x) 10.22 5.03 2.45

P/BV (x) 0.97 0.89 0.43

RONW (%) 11.3 19.7 19.6

ROCE (%) 0.0 0.0 0.0

EV/ EVBIDTA (x) 16.97 15.07 14.16

Dividend Yield (%) 4.1 4.1 4.1

APATM(%) 0.0 0.0 0.0

EPS 5.8 9.9 8.5

Shareholding Pattern

ParticularsNo. of 

Shares(Mn)

%

Holding

s

Total Promoter Holdings 381.71 79.2

Total Govt Holding (Promoter + Non Promoter) 0.00 0.0

Total Domestic Institutions (Banks/ FI + MF / UTI) 42.22 8.8

Total Foreign Holdings (FII+NRI holdings) 5.72 1.2

Total Non Promoter Corporate Holdings 7.05 1.5

Total Public & Others (Individuals + HUF + Clearing members) 45.02 9.3

Total 481.71 100

23

Bank of Maharashtra Internet Banking

The Internet Banking service provided by Bank of Maharashtra is referred to as

Mahaconnect by the bank. Bank of Maharashtra provides 24 hours access to banking

services and financial transactions to the customers who can enjoy these facilities

from the comfort of their home. Mahaconnect has become widely popular among

Bank of Maharashtra customers as it provides great flexibility for carrying out

banking transactions.

Mahaconnect has gradually transformed from “nice to have” feature to “need to have”

feature for the customers.Mahaconnect is made for all the customers of CBS branches

of Bank of Maharashtra. Thus, customer only needs an active internet connection

along with PC with minimum PII processor, 32 MB RAM, any browser such as

Internet Explorer 5.0 or above for availing the net banking facility.

24

Mahaconnect Online banking features:

Bank of Maharashtra internet banking or Mahaconnect offers wide array of services to

the customers including most commonly accessed banking features. It has made the

life easier for the customers by offering stress free banking transactions from their

home.

Some of the salient features offered by Bank of Maharashtra online banking are as

follows:

Checking account balance and see previous transactions

Online Transferring of funds between accounts

Check and Print Bank statements for past few months

Online payment of taxes

Online Monitoring of accounts activity

25

Update personal profile like address and phone number

Check the status of the cheques online

Request for new cheques online

Apply for Mahaconnect (Internet Banking)

In order to apply for Mahaconnect Online Banking, customers can visit the site at

“http://www.bankofmaharashtra.in” and download the application form for Online

Banking. The form can also be obtained from the branch.

After completing the application form, it can be submitted to any nearest branch of

the bank. On successful processing of the application, customer will receive User Id,

Login Password and Transaction password. Customer can login to net banking site of

Mahaconnect using the UserID and login password. Once logged in customer can

avail many online banking services offered by Bank and perform various financial

transactions.

The User Id & Passwords for login to the Mahaconnect will be sent to the registered

address of customer with the Bank. Customer should ensure that his current address is

26

updated in the Bank’s record. It is suggested that new customers should completely

read the general information page so that they will get the idea of using the various

banking services online. It is very easy to conduct all the banking transactions online.

It is useful for those who are unfamiliar with online banking service.

Mahaconnect Security Features

The Mahaconnect or online internet banking service of Bank of Maharashtra is highly

secure and provides hassle free and secure financial transactions. The high level of

security measures ensure that the customer’s account information and online

transactions are well protected. It employs 128-bit encryption codes for encryption of

data so that no one else can view or decipher the online transactions. The presence of

firewalls provides security against any unauthenticated programs. These data security

measures and encryption standards of Bank of Maharashtra are of international

standards.

27

Chapter-2: SWOT Analysis of the

Company

28

SWOT ANALYSIS (BANK OF MAHARASHTRA)

STRENGTHS:-

a) Promoters are experienced and qualified professionals.

b) Market driven organization.

c) Diversified customer base.

d) Limited exposure per client to ensure low risk.

e) Low cost of operation.

f) Low NPA-level.

g) High margin of profit.

WEAKNESS:-

a) Primary securities are not tangible.

b) Different to verify the primary security.

c) Business activity is in sensitive sector.

29

OPPORTUNITIES:-

Big and diverse market size

THREATS:-

Multinationals, banks and big finance companies are eying on the same market

segment. Government policy and adhoc fiscal policy changes.

Chapter-3:

Analysis of Financial Reports

of the Company

30

Balance sheet of Bank of Maharashtra

Balance Sheet of Bank of Maharashtra ------------------- in Rs. Cr. -------------------

Mar '11 Mar '10 Mar '09 Mar '08 Mar '07

12 mths 12 mths 12 mths 12 mths 12 mths

Capital and Liabilities:

Total Share Capital 1,069.71 430.52 430.52 430.52 430.52

Equity Share Capital 481.71 430.52 430.52 430.52 430.52

Share Application Money 0.00 0.00 0.00 0.00 0.00

Preference Share Capital 588.00 0.00 0.00 0.00 0.00

Reserves 2,457.67 1,973.32 1,634.48 1,334.87 1,285.09

Revaluation Reserves 443.55 454.57 452.19 16.12 26.27

Net Worth 3,970.93 2,858.41 2,517.19 1,781.51 1,741.88

Deposits 66,844.74 63,304.07 52,254.92 41,758.33 33,919.34

31

Borrowings 3,076.56 2,796.95 190.01 199.25 200.90

Total Debt 69,921.30 66,101.02 52,444.93 41,957.58 34,120.24

Other Liabilities & Provisions 2,549.99 2,096.36 4,068.23 4,411.83 3,147.35

Total Liabilities 76,442.22 71,055.79 59,030.35 48,150.92 39,009.47

31

Mar '11 Mar '10 Mar '09 Mar '08 Mar '07

12 mths 12 mths 12 mths 12 mths 12 mths

Assets

Cash & Balances with RBI 3,846.00 5,315.39 3,881.42 3,893.88 2,270.20

Balance with Banks, Money at Call 203.35 1,379.16 223.92 332.05 1,071.18

Advances 46,880.77 40,314.70 34,290.77 29,285.81 22,919.38

Investments 22,491.08 21,323.85 18,382.14 12,282.95 11,298.40

Gross Block 1,319.87 1,248.76 1,169.25 669.78 572.02

Accumulated Depreciation 653.08 589.23 514.44 449.35 357.12

Net Block 666.79 659.53 654.81 220.43 214.90

32

Capital Work In Progress 0.00 0.00 0.00 0.00 0.00

Other Assets 2,354.22 2,063.16 1,597.30 2,135.79 1,235.41

Total Assets 76,442.21 71,055.79 59,030.36 48,150.91 39,009.47

Contingent Liabilities 12,978.50 16,413.30 14,186.93 4,515.21 12,594.64

Bills for collection 3,538.05 2,950.43 2,830.82 2,666.08 1,953.09

Book Value (Rs) 61.02 55.84 47.97 41.01 39.85

Profit & Loss account of Bank of Maharashtra

Profit & Loss account of Bank of Maharashtra ------------------- in Rs. Cr. -------------------

Mar '11 Mar '10 Mar '09 Mar '08 Mar '07

12 mths 12 mths 12 mths 12 mths 12 mths

Income

Interest Earned 5,563.09 4,735.56 4,291.56 3,540.58 2,722.04

Other Income 530.86 591.24 500.02 380.29 378.52

Total Income 6,093.95 5,326.80 4,791.58 3,920.87 3,100.56

Expenditure

Interest expended 3,594.69 3,439.31 3,035.03 2,311.79 1,627.84

Employee Cost 1,157.08 655.50 579.62 485.30 464.04

33

Selling and Admin Expenses 589.56 468.37 372.70 259.18 279.54

Depreciation 67.86 75.09 75.76 68.78 53.80

Miscellaneous Expenses 507.18 248.89 366.06 470.24 447.19

Preoperative Exp Capitalised 0.00 0.00 0.00 0.00 0.00

Operating Expenses 1,986.23 1,323.58 1,150.18 922.66 884.53

Provisions & Contingencies 335.45 124.27 243.96 360.84 360.04

Total Expenses 5,916.37 4,887.16 4,429.17 3,595.29 2,872.41

Mar '11 Mar '10 Mar '09 Mar '08 Mar '07

12 mths 12 mths 12 mths 12 mths 12 mths

Net Profit for the Year 177.58 439.66 362.40 325.59 228.15

Extraordionary Items 152.81 -0.08 12.77 2.80 43.69

Profit brought forward 284.88 127.84 258.61 134.66 40.84

Total 615.27 567.42 633.78 463.05 312.68

Preference Dividend 29.59 0.00 0.00 0.00 0.00

Equity Dividend 96.34 86.10 64.58 86.10 86.10

Corporate Dividend Tax 20.92 14.63 10.98 14.63 14.63

Per share data (annualised)

Earning Per Share (Rs) 3.07 10.21 8.42 7.56 5.30

Equity Dividend (%) 20.00 20.00 15.00 20.00 20.00

Book Value (Rs) 61.02 55.84 47.97 41.01 39.85

Appropriations

Transfer to Statutory Reserves 97.64 150.72 171.78 103.70 77.28

Transfer to Other Reserves 5.33 31.08 258.61 0.00 0.01

Proposed Dividend/Transfer to Govt 146.85 100.73 75.56 100.73 100.73

Balance c/f to Balance Sheet 365.45 284.88 127.84 258.61 134.66

34

Total 615.27 567.41 633.79 463.04 312.68

Cash Flow of Bank of Maharashtra

Cash Flow of Bank of Maharashtra ------------------- in Rs. Cr. -------------------

Mar '11 Mar '10 Mar '09 Mar '08 Mar '07

12 mths 12 mths 12 mths 12 mths 12 mths

Net Profit Before Tax 0.00 0.00 0.00 0.00 0.00

Net Cash From Operating Activities -2997.93 2336.63 346.28 726.64 484.48

Net Cash (used in)/from

Investing Activities-86.17 -64.77 -75.49 -97.76 -78.42

Net Cash (used in)/from Financing Activities 438.90 317.36 -391.39 255.68 546.59

35

Net (decrease)/increase In Cash and Cash

Equivalents-2645.20 2589.22 -120.60 884.55 952.65

Opening Cash & Cash Equivalents 6694.56 4105.34 4225.94 3341.38 2388.73

Closing Cash & Cash Equivalents 4049.36 6694.56 4105.34 4225.94 3341.38

Capital Structure (Bank of Maharashtra)

Capital Structure (Bank of Maharashtra)

Period Instrument Authorized Capital Issued Capital - P A I D U P -

From To (Rs. cr) (Rs. cr) Shares (nos) Face Value Capital

2010 2011 Equity Share 3000 481.71 481712553 10 481.71

2009 2010 Equity Share 3000 430.52 430520000 10 430.52

2008 2009 Equity Share 1500 430.52 430520000 10 430.52

2007 2008 Equity Share 1500 430.52 430520000 10 430.52

2006 2007 Equity Share 1500 430.52 430520000 10 430.52

2005 2006 Equity Share 1500 430.52 430520000 10 430.52

2004 2005 Equity Share 1500 430.52 430520000 10 430.52

2003 2004 Equity Share 1500 430.52 430520000 10 430.52

2002 2003 Equity Share 1500 330.52 330520000 10 330.52

1999 2000 Equity Share 0.33 0.33 330520 10 0.33

36

Chapter-4: Lessons Learnt

37

Internship Experience

Being a student of , was able to have an opportunity to be at the Bank of

Maharashtra. This was a great chance for me to enhance and gain practical knowledge

at a work place. “Internship is the right way to start a career” this statement was

unclear until I stepped at the Bank.

The Bank Internship offers highly motivated and successful individuals an

opportunity to improve their skills while working in a diverse environment. Interns

generally find the experience to be rewarding and interesting.

Major things I have learned

In my training, I have been taught about:

38

General banking like depositing and withdrawing money from the accounts

with the help of cheques and vouchers.

Transferring amount from one account to another by cheque or voucher.

Opening and closing of saving account.

Reopening of saving account.

Clearing of cheques: Inward clearing.

SUMMARY, CONCLUSIONS AND RECOMMENDATIONS

The banking system is indispensable in the modern society. It plays a key role in the

economic development and forms the core of the money market in an advanced

economy. Realizing the crucial role of the banks in the national economy. The

Government of India nationalized fourteen major commercial banks in July.1969 and

six more in April, 1900. As a result of this 'banking revolution', the old concepts,

attitudes and methods of banking in India have changed. Now the credit institutions in

the country are required to participate in the nation building activities and help in

bringing about socio-economic changes. Banks. As social institutions have to go out

to the people and assist the weaker and neglected sections of the society in achieving

their socio-economic aspirations. They are to act as catalysts in the development of

the country mobilizing resources wherever they may be, and channelizing them

towards productive purposes. The role of the public sector banks in India is all the

more enhanced with the implementation of the Banking Sector Reforms introduced on

39

the basis of the recommendations of the Narasimham Committee on the Financial

System.

Though with some silver linings here and there, the individual performance of all the

nationalized banks in India are far from satisfactory. The poor state of affairs of the

banks is all the more brought to light with the introduction of the Financial Sector

Reforms. All the nationalized banks incurred a net loss during the year 1992-93. The

aggregate net loss of the nationalized banks came to Rs.3,64, 292 lakhs and

Rs.3,44.664 lakhs during 1992-93 and 1993-94 respectively. Syndicate Bank, a bank

that performed unusually well during the pre-nationalization and early post-

nationalization periods and which show the same decelerating trend in performance

along with other nationalized banks is taken as a case study.

Bank of Maharashtra with a score of 264.37 in Composite Performance is the

least performing bank next to New Bank of India. The study reveals the overall

performance of all the nationalized banks in India. The relatively poor performance of

Syndicate Bank in the various parameters identified in the present study resulted in its

dismal picture in all round performance. Except f-or the two parameters, 'growth' and

'productivity', the Bank's performance in all the other parameters are really

uncomfortable. When compared to Syndicate Bank fourteen banks fared better in

overall performance as indicated by their Composite Performance Score (CPS). Only

four nationalized banks exhibit poor performance in relation to Syndicate Bank.

40

Thus it can be concluded that the performance of the nationalized banks especially

banks like Syndicate bank leaves scope for improvement. The Composite

Performance Score of the individual nationalized banks including that of Bank of

Maharashtra is capable of showing improvement if the banks take earnest efforts to

enhance their performance in the vital areas viz, internal management, asset

management, technology up gradation and customer service. Such an effort would

lead to the enhancement of the performance in all the parameters and eventually to the

composite performance/ overall performance of the bank.

BIBLIOGRAPHY

‘Banking : The Network is the bank’, by Yogesh Sharma, Dataquest,

January 31, 2006

‘Race will end in survival of the fittest’, The Financial Express,

November 29, 2006.

The Times of India, 26 July, 2007.

‘The future is in e-banking’ by Mr. K.V. Kamath (Managing Director,

ICICI), April 14, 2002, Business Line.

‘RBI road map for banking’, The Indian Express, July 21,2007.

Banking in India, by Dr A. K. Mishra (Professor & Chairman of Finance

Group at IIM Lucknow).

Web-sites:

41

http://www.bankofmaharashtra.in/aboutus.asp

http://www.bankofmaharashtra.in/chairman.asp

http://www.bankofmaharashtra.in/bod.asp

http://www.bankofmaharashtra.in/profile.asp

http://www.bankofmaharashtra.in/financials.asp

http://www.bankofmaharashtra.in/financials.asp#report

http://www.bankofmaharashtra.in/jv.asp#magicmoney

http://www.bankofmaharashtra.in/credit_fac_edu.asp

http://acts.cdacindia.com/actsonline/Website/Html_asp/Homepg/crsbroloan.asp

http://www.ficciagroindia.com/funding-schemes/bank/maharashtrabank.htm

42