In Plant Training

A REPORT ON THE INPLANT TRAINING
DONE AT
The Corporation Bank - COIMBATORE
Submitted by
DINESH A.S. (09BBM013)
Under the Co-ordination of J. JOSEPHINE LALITHA, MBA, MPhil
Submitted towards partial fulfillment of the requirement
For the Degree of
Bachelor of Business Management
Since 1947

DEPARTMENT OF MANAGEMENT SCIENCE

PSG COLLEGE OF ARTS & SCIENCE
College with Potential for Excellence
(Status Awarded by the UGC)
Autonomous College Affiliated
To Bharathiar University
Reaccredited with A + Grade by NAAC
ISO 9001: 2008 Certified Institution
Coimbatore – 641 014.
PSG COLLEGE OF ARTS & SCIENCE
College with Potential for Excellence
(Status Awarded by the UGC)
Autonomous - Affiliated To Bharathiar University
Reaccredited with A + Grade by NAAC
ISO 9001: 2008 Certified Institution
Coimbatore – 641 014.

Department of management science

This is to certify that Dinesh A.S. (09BBM13) has undergone an In-Plant training in the company THE CORPORATION BANK , COIMBATORE for the period of 10 DAYS and has submitted the report on same for the partial fulfillment for the award of the degree of Bachelor of Business Management.

_________________ ____________________
Faculty coordinator Head of the department

Viva voce held on: _____________

1. Examiner 1: ___________ 2.Examiner 2:___________

DECLARATION

I DINESH A.S. (09BBM013), do hereby declare that this In-Plant training done at “THE CORPORATION BANK” submitted to PSG COLLEGE OF ARTS & SCIENCE (Autonomous) Coimbatore, affiliated to Bharathiar University, Coimbatore for the degree of the Bachelor of Business Management is a record of original work done by me under the guidance of Mrs.M.Umarani MBA, MPhil, Lecturer, Department of Management Sciences, PSG COLLEGE OF ARTS & SCIENCE, Coimbatore.

Place: COIMBATORE Name: Dinesh A.S.

Date: Roll No: 09BBM013

Acknowledgement
It is indeed a great pleasure for me that I acknowledge the contribution and work done in completing my inplant training successfully.
I acknowledge my heartful thanks to our beloved principal Dr (Mrs.) Sheela Ramachandran, M.Sc, PGDFScP, & PhD for her encouragement and valuable support.
I am deeply indebted to Mrs. M. Umarani, MBA, M.Phil Head of the Department of Management Science, PSG College of Arts & Science for giving her valuable guidance at all stages.
I whole heartedly thank Mr.Ravindran , Manager Marketing Department for giving his valuable support and cooperation during the course of project. He has been a great source of inspiration for me throughout the training. He guided me with a mastermind and helped me with objective criticisms and perspective suggestions.
I wish to express my deepest sense of gratitude to my guide Mrs. J. JOSEPHINE LALITHA, MBA, MPhil, Lecturer, Department of Management Science, PSG College of Arts & Science for her advice, support and inspiring help through the inplant training.
Finally I would like to thank all those who helped in doing this training.

THE CORPORATION BANK

THE JOURNEY

Every institution has its start in modest initiatives but what makes it great is the passion of the people behind it. Carrying the legacy forward with an undaunted commitment to its vision, the journey of Corporation Bank truly epitomizes this.

Started about 104 years ago in 1906, with an initial capital of just Rs.5000, Corporation Bank has recorded Rs. 1,67,000 Crore mark in business and even far more, with over 3500 service outlets across the nation, served by committed and dedicated 13,000 plus Corp bankers. Proof of which is seen in its enviable track record in financial performance. We have many reasons to cheer, predominant of them is, being able to participate in nation building by empowering the rural and urban population alike. Today, we are proud that we are significant contributors to the growth of the country's economy.

Early Movers

Nationalized in 1980, Corporation Bank was the forerunner when it came to evolving and adapting to the financial sector reforms. In 1997, it became the Second Public Sector Bank in the country to enter capital market, the IPO of which was over- subscribed by 13 times. the Bank has many " firsts " to its credit - Cash Management Services, Gold Banking, m-Commerce, " Online " approvals for Educational loans, 100% CBS Compliance and more recently, its pioneering efforts to take the technology to the rural masses in remotest villages through low-cost branchless banking - Business Correspondent model. All of which symbolize Bank's unswerved commitment to its customers to provide convenience banking.

At Corporation Bank, what motivates us is the passion to excel in banking by maintaining highest standards of service to our customers, backed by innovative products and services which makes us one of the leading Public Sector Banks in the country, catering to a wide range of customers - from individuals to corporate clients. | The Logo Sarve Janah Sukhino Bhavanthu Prosperity for All |

The Bank's motto " Sarve Janah Sukhino Bhavanthu " in Sanskrit, which means " Prosperity for All " is well-professed by the Bank in its day-to-day operations.

The Bank's logo has various components, namely Kamadhenu (denoting wish-fulfillment), Kalpatharu (eternity), Balance (justice for all), Wheel (industrial progress) and Wheat Grains (agricultural prosperity) which stand for universal prosperity and as a wish-fulfilling credo. The logo in its present form was incorporated in 1972 when the name of the Bank was changed from Canara Banking Corporation (Udipi) Ltd. to Corporation Bank Ltd.Corporate Vision Corporate Vision " The Most Preferred Bank with Global Standards " | | | |
Corporate Mission v | To become a provider of World - Class Financial Services | v | To meet Customer expectations through Innovation and Technological Initiatives | v | To maintain leadership in inclusive banking | v | To enhance stakeholders' value | v | To fulfill national and social obligations | v | To create an environment, intellectually satisfying and professionally rewarding to the employees | v To emerge as a role model for ethical values and Good Corporate Governance | | Chairman & Managing Directors Profile Shri Ramnath Pradeep
Chairman & Managing Director

Shri Ramnath Pradeep has been appointed as Chairman & Managing Director of Corporation Bank. He has assumed the office of Chairman & Managing Director of the Bank on 1st September, 2010.

Before his appointment as Chairman & Managing Director, Shri Ramnath Pradeep was Executive Director of Central Bank of India.

Shri Ramnath Pradeep is a Law Graduate and a Post Graduate in Economics. He is a recipient of Government of India’s merit scholarship. After completion of LLB, Shri Pradeep practiced for a short period and joined Madhya Pradesh Financial Corporation as a Law Officer. He Joined Dena Bank in the year 1981 for a brief period and thereafter joined ONGC Off-Shore Project at Mumbai. In 1984, Shri Pradeep again joined back Dena Bank as Senior Manager [Legal].

He was promoted as a Chief Manager in the year 1989 and had held various positions. He was instrumental in launching of Credit Card for Dena Bank and also setting up one of the first Asset Recovery Branches in Public Sector Banks. He was promoted as Assistant General Manager in 1994 and headed as the Regional Manager of Bhopal region. He than headed the Industrial Finance Branch, Mumbai as the Deputy General Manager. He was promoted as General Manager of the Bank in the year 1999 and he worked in various areas like Treasury, Recovery Management, Asset Liability Management etc.

In the year 2001 he was posted as the Chief Vigilance Officer in the Scale of Deputy Managing Director in State Bank of India and thereafter re-appointed to Bank of India as Chief Vigilance Officer till 2004 and then as General Manager (Legal & Recovery) upto 2005. During his tenure, he supported Bank’s effort to implement Core Banking Solutions (CBS), an outsourcing model, which got appreciation from International Community for best outsourcing model.

After completion of his deputation at Bank of India, Shri Pradeep joined his parent bank Dena Bank in January 2006. He was the in-charge of IT department and CBS implementation. The CBS was successfully implemented along with most of other solutions in the Bank.

He took charge as Executive Director of Central Bank of India in December 2008. During his tenure the Bank started moving forward in terms of retention of the customers and restoring confidence among employees at all levels, customers and Regulatory Govt. Authorities |
Profile of Executive Directors Shri Narendra Singh, Executive Director, Corporation Bank

Shri Narendra Singh, General Manager of Allahabad Bank has been appointed as the Executive Director of Corporation Bank by the Government of India.

Shri Narendra Singh, a Graduate in Science and Law, started his career as directly recruited Officer in Allahabad Bank in 1980. In the year 1985 he was appointed as the Senior Law Officer in Middle Management Grade III of Allahabad Bank.

He worked in different capacities in various branches, Regional/Zonal Offices, Administrative Office of Allahabad Bank during his banking career spanning three decades.

As Zonal Head, Shri Narendra Singh served the bank at Kolkata, Behala, Siliguri and Barasat centres in West Bengal and led the Fund Management and Accounts Division at the Head Office of Allahabad Bank. Later on, he headed the Bank's Zonal Offices at Mumbai and New Delhi.

He attended many training programmes covering various areas of banking including Emerging Dimension in General Insurance in Nepal, Managerial Effectiveness, Management Education Programme, etc.

Shri Narendra Singh headed the Planning, Development, Marketing, Publicity, Anti-Money Laundering & KYC Divisions of Allahabad Bank till his elevation to the post of Executive Director.

A versatile banker, Shri Narendra Singh carries with him three decade of rich Banking experience.

Shri Narendra Singh joined Corporation Bank and took charge as the Executive Director of the Bank on 7th December 2009.Shri Ashwani Kumar, Executive Director, Corporation Bank

Shri Ashwani Kumar, General Manager of Allahabad Bank has been appointed as the Executive Director of Corporation Bank, for a period of 5 years, by the Government of India.

Shri Ashwani Kumar, M.Sc., CAIIB, started his career as a Probationary Officer in Allahabad Bank in 1981 and rose to the executive cadre in 2000.

He worked in different capacities in various Branch/Offices and Administrative Office of Allahabad Bank during his banking career spanning over 29 years.

As Branch Head, Shri Ashwani Kumar served Allahabad Bank in International Branch-New Delhi, Fort Branch-Mumbai. Shri Kumar has a vast experience in banking both at operational level and administrative level. He has exposure both in rural development and treasury operations, having worked as Lead District Manager, Lakhimpur Kheri and also as Head of Treasury at Integrated Treasury at Mumbai.

He has worked as Forex Dealer for around five years and started the Bullion Desk in the year 1998 at Bank’s International Branch, New Delhi.

As Assistant General Manager, he headed Lucknow Branch and on elevation served as Executive Assistant at Chairman’s Secretariat, Head Office as Deputy General Manager.

On his elevation to the cadre of General Manager in the year 2006, Shri Ashwani Kumar, headed the bank’s Planning & Development Division, at its Head Office. In the year 2008, he was designated as the Field General Manager and served at New Delhi, until his promotion and appointment as Executive Director of Corporation Bank. Management
Board of Directors Board of Directors | | Shri Ramnath Pradeep | Chairman & Managing Director | Shri Narendra Singh | Executive Director | Shri Ashwani Kumar | Executive Director | Shri Lalit Kumar | Nominee Director reprersenting Central Govt. | Smt. Grace Koshie | Nominee Director representing R.B.I. | Shri V. Raghuraman | Workmen Employee Director | Shri Kaushik Kumar Ghosh | Officer's Employee Director | Shri Raj Kumar Agrawal | Part-time non-official Director | Shri Suvarna Sanyal | Part-time Non-official Director | Shri Venkatrao Y. Ghorpade | Part-time non-official Director | Shri Hiren Mehta | Shareholder Director | Shri Thomas Mathew T. | Shareholder Director | Shri Ajay Garg | Shareholder Director | |

General Managers Shri U. Balakrishna Bhat | Chief General Manager | Shri B. R. Bhat | General Manager | Shri K. Rama Murthy | General Manager | Shri H. M. A. Khan | General Manager | Shri N. R. Shet | General Manager | Shri C. V. R. Rajendran | General Manager | Shri B. N. Satish | General Manager | Shri C. G. Pinto | General Manager | Shri H. S. Saini | General Manager | Shri M. P. Kunju | General Manager | Shri Sajeev Krishnan | CVO & General Manager | Shri Yudhvir Singh Jain | General Manager | Shri B. Narayana Shenoy | General Manager | Shri S. Pattabiraman | General Manager | Shri K. Giridhar Shenoy | General Manager | Shri B. Lakshmi Narayana | General Manager | Shri P. Rajaram Karanth | General Manager | Shri K.V. Raghava Kamath | General Manager | Shri B.K. Divakara | General Manager | Shri P. Suresh Chandra Baliga | General Manager | Shri Jai Kumar | General Manager | Mrs. Swathi S. M. | General Manager | |
Deputy General Managers Deputy General Managers | | | Shri Kishore G. Shanbhogue | Shri K.G. Subramanian | Shri Shrikant | Shri Sadashiv Leeladhar | Shri Tejappa B. B. | Shri Lakshminatha Reddy | Shri K. S. Kalyana Sundaram | Shri K. Govinda Bhat | Shri C.K. Gopal | Shri R. Sudarshana Raju | Shri Rishi Pal Arora | Shri Prakash Hebbar D. | Shri Ajit Prakash Malhotra | Dr. Kurian P. Abraham | Shri Guruharinadha Rao | Shri M. R. Kamath | Shri Vijay Walia | Shri Purnachandra Rao D. | Shri B. Vaman Baliga | Shri D. M. R. Muzumdar | Shri Gopalakrishna Bhat K. | Shri M. G. Bhandarkar | Shri P. V. Chandrasekaran | Shri Prabhakar Shenoy | Shri M. Gokuldas Kamath | Shri Rakesh Srivastava | Col. K.G. Ramesh Kumar | Shri Paramasivam | Shri P. V. Narasimha Rao | Shri K. Kamalaksha Nayak | Shri N. Muralidhar Kamath | Shri N. B. Kulasekaran | Shri H. S. Srinath | Shri Vasanth Kini U. | Shri U. N. Kumar Acharya | Shri Augustine K. J. | Shri M. Narayana Bhat | Shri S. Narendra Pai | Shri Prabodh Kumar Datta | Shri Thangaraju V. | Shri K. Ramadas Prabhu | Shri Alok Kumar Gupta | Shri V. K. Aggarwal | Shri P. Shivaram Bhat | | Shri V. S. Karthikeyan | Shri R. Natarajan | | | | | | |
Ratings & Awards
CRISIL has re-affirmed the following programmes of Corporation Bank: Rs.2 billion Bond issue AAA
Certificate of Deposits Programme P1+
Fixed Deposit Programme FAAA

Fixed Ratings reflect Corporation Bank’s sound capital position, superior asset quality and healthy track record of profitability and superior management by the strong liquidity position of the Bank and its status as a Government owned institution.

AWARDS WON v | National Award for Assistance to Exporters from the President of India (1976-77) | v | Gem & Jewellery Export Promotion Council Award successively for 5 years from 1981 to 1985 | v | Shiromani Award 1992 for Banking from Union Minister for Commerce | v | Best Bank Award for Excellence in Banking Technology from Institute for Development and Research in Banking Technology (IDRBT), Hyderabad (2001) | v | Best Bank Award for Innovative Usage and Application on INFINET (Indian Financial Network) from Institute for Development and Research in Banking Technology (IDRBT), Hyderabad (2002) | v | Best Bank Award for Delivery Channels from Institute for Development and Research in Banking Technology (IDRBT), Hyderabad (2003) | v | Runner-up Awards in the “Best Online and Multi-channel Banking Team” and “Outstanding achiever of the year-corporate” categories in recognition of outstanding achievement in Banking Technology for 2004, instituted under the aegis of Indian Banks Association and Trade Fairs & Conferences International. |

MAJOR RECOGNITIONS v | One of the Best 200 companies worldover outside the US having a turnover under a billion US$ - Forbes Global, Hongkong, issue dated 27th October, 2003 | v | India’s Best Public Sector Bank - Business Today - KPMG Survey dated 7th December, 2003 | v | India’s Strongest and Asia’s Second Strongest - The Asian Banker, Singapore dated 15th December, 2003 | v | India’s Best Public Sector Bank - Outlook Money , 15th March, 2004 | v | One among the Best 200/100 companies in Asia/Pacific and Europe having turnover under a billion US $ -Forbes Global, Hongkong dated 1st November, 2004 | v | One among India’s Best Public Sector Banks - Business Today, 26th February, 2006 | v | India's Best Bank Award - FE, 2007 | v | Best P.S. Bank - Business Today, 2007 | v | SKOCH Challenger Award, 2008 - For Customer Relationship Management | v | IDRBT Best Bank Award of Banking Technology Award, 2008 - For Use of Technology for Financial Inclusion | v | SCOPE Meritorious Award, 2008 - For Best Managed Bank | v | Banking Technology Awards, 2008 - Runner Up Award - For Best On Line and Multi Channel Banking Team | v | Best Bank Mid-size 2009 Award - Businessworld | v | Banking Technology Awards 2009 for its efforts in implementing innovative technologies in its business initiatives under the auspices of the Indian Banks Association [IBA], Finacle and the Trade Fairs & Conference International [TFCI]. | v | SKOCH Challenger Award, 2009 - Financial Inclusion Champion of the Year | v | Dalal Street Investment Journal [DSIJ] Public Sector Undertakings Awards 2010 - on the basis of study conducted by KPMG | v | SKOCH Financial Inclusion Award 2011 - "Inclusion Champion of the Year" | | |
Interest Rates Domestic Term Deposits
[ % per annum with effect from 3rd January, 2011] Duration | Less than Rs.15 Lakh | Rs.15 Lakh to less than Rs.1 Crore | Rs.1 Crore to less than Rs. 5 Crore | 7 days to 14 days | _ | _ | 4.00 | 15 days to 29 days | 2.75 | 2.75 | 4.00 | 30 days to 45 days | 4.50 | 4.50 | 5.00 | 46 days to 60 days | 5.50 | 5.50 | 5.60 | 61 days to 90 days | 5.50 | 5.50 | 5.60 | 91 Days to less than 6 months | 6.75 | 6.75 | 6.75 | 6 months to less than 9 months | 7.40 | 7.40 | 7.40 | 9 Months to less than 12 Months | 8.00 | 8.00 | 8.25 | 12 Months only | 8.50 | 8.50 | 8.50 | 12 months to Less than 2 Years | 8.25 | 8.25 | 8.50 | 2 Years to less than 3 Years | 8.25 | 8.25 | 8.25 | 3 Years to less than 5 Years | 8.35 | 8.35 | 8.25 | 5 Years & above | 8.50 | 8.50 | 8.25 | |

These rates are Per Annum and are applicable to fresh and renewal of maturing deposits on or after the effective date.

Penalty for pre-mature withdrawal at the rate of 1% p.a. will be charged on all fresh & renewed deposits on all maturities with effect from 8th November 2010. However, penalty for premature withdrawals is waived for deposits of Rs. 50 Crore and above accepted/renewed for a period upto 91 days w.e.f. 25.11.2010.

The revised rates will apply to fresh deposits accepted and on renewal of deposits maturing on or after the effective date [i.e. 3.01.2011 ]. However, in case of premature renewal of deposits, including staff deposits, penalty of 1% will be applied, for the deposits accepted on or after 25.11.2010.

The additional rate of interest of 0.50% to the Term Deposits of Senior Citizens has been restored w.e.f. 23-12-2010. (as against 0.25%) over and above the Card rates, for Term deposits below Rs.1 Crore for the maturity period of 91 days and above only.

Additional rate of interest for Senior Citizens is not available for deposits of Rs.1 Crore & above. NRE TERM DEPOSITS
[ % per annum with effect from 1st January, 2011 ] Period | Rate | 1 year to less than 2 years | 2.53% | 2 years to less than 3 years | 2.60% | 3 years to 10 years | 3.09% | |
The above revised interest rates will apply only to fresh deposits accepted w.e.f. 1st January, 2011. However, for the renewal of deposits within 14 days from due date (both days inclusive), the rate of interest payable on the amount of the deposit so renewed shall be the appropriate rate of interest for the period of renewal, as prevailing on the date of maturity or on the date when the depositor seeks renewal, whichever is lower

Please Note:
NRNR and NRSR Schemes have been discontinued with effect from 1st April 2002.

No NRE Term Deposit will get any interest, if closed prematurely before completion of 1 year from the date of deposit

Interest Rate applicable for NRE Savings Bank Deposits is 3.50% P.A. Interest Rates on FCNR(B) Deposits [With effect from 01.01.2011] Period | USD | GBP | EUR | AUD | CAD | 1 year to