Mis Practise in Exim Bank
Chapter-1 “INTRODUCTORY discussions”
1.1 Introduction:
Banking environment has become highly competitive today. To be able to survive and grow in the changing market environment banks are going for the latest technologies. The banking industry has changed in the way they provide service to their customers. The financial sector made remarkable progress in adopting electronic forms of payments instead of traditional paper-based ones in the just concluded year. Information Technology has brought about this momentous transformation. Securities of IT systems for a financial institution have therefore gained much greater in importance. Moreover Information and information technology systems are essential assets of the banks and as well as for their customers and stake-holders. Customers are now demanding new, more convenient, delivery systems. The use of debit card, credit card, automated teller machine (ATM), internet banking, mobile banking, automated check processing and credit information system increased significantly in 2011.
So, to ensure efficient and effective banking operation, there is no alternative to the implementation of information & technology. IT turned all banking procedure in a faster, easier & reliable mode. EXIM Bank It has set up a new standard in financing in the Industrial, Trade and Foreign exchange business. Its various deposit & credit products have also attracted the clients, both corporate and individuals who feel comfort in doing business with the Bank and is maintaining a high class IT (Information Technology) section which makes the organization work more efficiently. This has lead to IT decision making being one of the most important organizational and managerial activities of a company. For this decision making; planning in the stages of MIS (Management Information System) is important.
1.2 Objective of the report:
Behind this report, obviously there have some objectives which must have to be
1.1 Introduction:
Banking environment has become highly competitive today. To be able to survive and grow in the changing market environment banks are going for the latest technologies. The banking industry has changed in the way they provide service to their customers. The financial sector made remarkable progress in adopting electronic forms of payments instead of traditional paper-based ones in the just concluded year. Information Technology has brought about this momentous transformation. Securities of IT systems for a financial institution have therefore gained much greater in importance. Moreover Information and information technology systems are essential assets of the banks and as well as for their customers and stake-holders. Customers are now demanding new, more convenient, delivery systems. The use of debit card, credit card, automated teller machine (ATM), internet banking, mobile banking, automated check processing and credit information system increased significantly in 2011.
So, to ensure efficient and effective banking operation, there is no alternative to the implementation of information & technology. IT turned all banking procedure in a faster, easier & reliable mode. EXIM Bank It has set up a new standard in financing in the Industrial, Trade and Foreign exchange business. Its various deposit & credit products have also attracted the clients, both corporate and individuals who feel comfort in doing business with the Bank and is maintaining a high class IT (Information Technology) section which makes the organization work more efficiently. This has lead to IT decision making being one of the most important organizational and managerial activities of a company. For this decision making; planning in the stages of MIS (Management Information System) is important.
1.2 Objective of the report:
Behind this report, obviously there have some objectives which must have to be
References: 1) Annual Report of EXIM bank 2009, 2010 2) Half Yearly Position Report of EXIM Bank – 2011