IN UCO DHARAMSHALA(HP)

SUMMER TRAINING REPORT

SUBMITTED IN PARTIAL FULLFILMENT OF THE COURSE OF MASTER IN BUSINESS ADMINISTRATION

Submitted To : Submitted By: HEAD Nitin Rana Training and Placement Roll No:- 38/08 Department MBA 2nd Year

Institute Of Engineering&EmergingTechnologies,Baddi (H.P)

TABLE OF CONTENTS

SNo. CONTENTS PAGE NO.

1. Authentification Certificate 1 2. Acknowledgement 2 3. Preface 3 4. Chapter-1 4-8 Introduction to The Banking Industry in 5. Chapter 2 9-13 Introduction To The Company 6. Chapter 3 14-43 Introduction To Retail Banking 7. Chapter 4 44-47 Research Methodology 8. Chapter 5 48-55 Data Analysis And Interpretation 9. Chapter 6 56-57 Conclusion 10. Chapter 7 58-59 Suggestions 11. Chapter 8 60-61 Swot Analysis 12. Questionnaire 62-64 13. Bibliography 65-66 CHAPTER 1

INTRODUCTION TO BANKING INDUSTRY IN INDIA

INTRODUCTION TO BANKING INDUSTRY IN INDIA

Banking in India originated in the last decades of the 18th century. The oldest bank in existence in India is the State , a government-owned bank that traces its origins back to June 1806 and that is the largest in the country. Central banking is the responsibility of the which in 1935 formally took over these responsibilities from the then , relegating it to commercial banking functions. After India's independence in 1947, the Reserve Bank was nationalized and given broader powers. In 1969 the government nationalized the 14 largest commercial ; the government nationalized the six next largest in 1980.

Currently, India has 88 scheduled commercial banks (SCBs) - 27 public sector banks (that is with the Govt of India holding a stake), 31 private banks (these do not have government stake; they may be publicly listed and traded on stock exchanges) and 38 foreign banks. They have a combined network of over 53,000 branches and 17,000 ATMs. According to a report by ICRA Limited, a rating agency, the public sector banks hold over 75 percent of total assets of the banking industry, with the private and foreign banks holding 18.2% and 6.5% respectively

NATIONALISATION OF BANKS IN INDIA

By the 1960s, the Indian banking industry had become an important tool to facilitate the development of the Indian economy. At the same time, it had emerged as a large employer, and a debate had ensued about the possibility to nationalise the banking industry. Indira Gandhi, the-then Prime Minister of India expressed the intention of the GOI in the annual conference of the All India Congress Meeting in a paper entitled "Stray thoughts on Bank Nationalisation." The paper was received with positive enthusiasm. Thereafter, her move was swift and sudden, and the GOI issued an ordinance and nationalised the 14 largest commercial banks with effect from the midnight of july 16, 1969. These were

• of India • • • Punjab • • • • • • Union Bank • • • UCO Bank • Bank of India

A second dose of nationalization of 6 more commercial banks followed in 1980. The stated reason for the nationalization was to give the government more control of credit delivery. With the second dose of nationalization, the GOI controlled around 91% of the banking business of India. Later on, in the year 1993, the government merged with . It was the only merger between nationalized banks and resulted in the reduction of the number of nationalised banks from 20 to 19. After this, until the 1990s, the nationalised banks grew at a pace of around 4%, closer to the average growth rate of the Indian economy.

The nationalised banks were credited by some, including Home minister P. Chidambaram, to have helped the Indian economy withstand the global financial crisis of 2007-2009.

LIBERALISATION OF INDIAN BANKING SYSTEM

In the early 1990s, the then Narsimha Rao government embarked on a policy of liberalization, licensing a small number of private banks. These came to be known as New Generation tech-savvy banks, and included Global Trust Bank (the first of such new generation banks to be set up), which later amalgamated with Oriental Bank of Commerce, (earlier as UTI Bank), ICICI Bank and HDFC Bank. This move, along with the rapid growth in the economy of India, revitalized the banking sector in India, which has seen rapid growth with strong contribution from all the three sectors of banks, namely, government banks, private banks and foreign banks.

The next stage for the Indian banking has been setup with the proposed relaxation in the norms for Foreign Direct Investment, where all Foreign Investors in banks may be given voting rights which could exceed the present cap of 10%,at present it has gone up to 49% with some restrictions.

Currently (2007), is generally fairly mature in terms of supply, product range and reach-even though reach in rural India still remains a challenge for the private sector and foreign banks. In terms of quality of assets and capital adequacy, Indian banks are considered to have clean, strong and transparent balance sheets relative to other banks in comparable economies in its region. The Reserve Bank of India is an autonomous body, with minimal pressure from the government. The stated policy of the Bank on the Indian Rupee is to manage volatility but without any fixed exchange rate-and this has mostly been true.

With the growth in the Indian economy expected to be strong for quite some time-especially in its services sector-the demand for banking services, especially retail banking, mortgages and investment services are expected to be strong. One may also expect M&As, takeovers, and asset sales.

In March 2006, the Reserve Bank of India allowed Warburg Pincus to increase its stake in (a private sector bank) to 10%. This is the first time an investor has been allowed to hold more than 5% in a private sector bank since the RBI announced norms in 2005 that any stake exceeding 5% in the private sector banks would need to be vetted by them.

In recent years critics have charged that the non-government owned banks are too aggressive in their loan recovery efforts in connection with housing, vehicle and personal loans. There are press reports that the banks' loan recovery efforts have driven defaulting borrowers to suicide. [3] [4] [5][6]

BANKING ACTIVITIES

Banks act as payment agents by conducting checking or current accounts for customers, paying cheques drawn by customers on the bank, and collecting cheques deposited to customers' current accounts. Banks also enable customer payments via other payment methods such as telegraphic transfer, EFTPOS, and ATM.

Banks borrow money by accepting funds deposited on current account, accepting term deposits and by issuing debt securities such as banknotes and bonds. Banks lend money by making advances to customers on current account, by making installment loans, and by investing in marketable debt securities and other forms of lending.

Banks provide almost all payment services, and a bank account is considered indispensable by most businesses, individuals and governments. Non-banks that provide payment services such as remittance companies are not normally considered an adequate substitute for having a bank account. Banks borrow most funds from households and non-financial businesses, and lend most funds households and non-financial businesses, but non-bank lenders provide a significant and in many cases adequate substitute for bank loans, and money market funds, cash management trusts and other non-bank financial institutions in many cases provide an adequate substitute to banks for lending savings to.

DEFINITION

BANK

A bank is defined as a person who carries on the business of banking, which is specified as:

• conducting current accounts for his customers • paying cheques drawn on him, and • collecting cheques for his customers

BANKING BUSINESS

Banking business" means the business of receiving money on current or deposit account, paying and collecting cheques drawn by or paid in by customers, the making of advances to customers, and includes such other business as the Authority may prescribe for the purposes of this Actollecting cheques for his customers.

ACCOUNTING FOR BANK ACCOUNTS

Bank statements are accounting records produced by banks under the various accounting standards of the world. Under GAAP and IFRES there are two kinds of accounts: debit and credit. Credit accounts are Revenue, Equity and Liabilities. Debit Accounts are Assets and Expenses. This means you credit credit accounts to increase their balances and you debit debit accounts to increase their balances.

This also means you debit your savings account everytime you deposit money into it (and the account is normally in deficit) and you credit your credit card account everytime you spend money from it (and the account is normally in credit).

However, if you read your bank statement, it will say the opposite- that you have credited your account when you deposit money, and you debit when you withdraw it. If you have cash in your account you have a positive or credit balance and if you are overdrawn it will say you have a negative or a deficit balance. CHAPTER 2

INTRODUCTION TO THE COMPANY

ABOUT THE UCO BANK

UCO Bank is a commercial bank established in 1943. The idea to establish the bank was first conceived by G.D. Birla, the famous industrialist, after the historic 'Quit India Movement' in 1942. The idea was culminated on the 6th of January 1943, when The United Commercial Bank Ltd. was born with its Registered and Head Office at . A commercial bank and a Undertaking, it comprises of government representatives as well as renowned professionals like accountants, management experts, economists, businessmen, and so on, in its Board of Directors. United Commercial Bank has stretched out to of all segments of the economy - be it agriculture, industry, trade and commerce,

Along with 13 other major commercial banks of India, United Commercial Bank was nationalized on 19th July, 1969, by the Government of India. Thereafter the Bank expanded rapidly. To keep pace with the developing scenario and expansion of business, the Bank undertook an exercise in organizational restructuring in the year 1972. Under the act of Indian Parliament, in 1985, its name changed from United Commercial Bank to the present name, UCO Bank. As of 2005, the bank has 2000 Service Units spread all over India. A distinctive feature of UCO bank is its introduction of 'NO HOLIDAY' branches. These bank branches work on all the 365 days of a year. With the age of global banking, UCO bank has also changed to be adept with the newest technology, boasting of specialized computerized branches in both India and overseas.

, UCO Bank is a commercial bank and a Government of India Undertaking. Its Board of Directors consists of government representatives from the Government of India and Reserve Bank of India as well as eminent professionals like accountants, management experts, economists, businessmen, etc. Shri S.K. Goel Chairman & Managing Director Shri V.K. Dhingra Executive Director Shri B. M. Mittal Executive Director

Branches & ATM Services

Headquartered in Kolkata, UCO Bank has about 35 Regional Offices spread all over India. Overseas, it has two branches in and Hong Kong. UCO bank has a total of 414 ATMs across the states of Andhra Pradesh, Assam, Bihar, Chattisgarh, , Goa Gujarat, Haryana, Himachal Pradesh, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Meghalaya, Nagaland, New Delhi, Orissa, Pondicherry, Punjab, Rajasthan, Sikkim, Tamil Nadu, Tripura, Uttar Pradesh and .

Products & Services

• NRI Banking • Foreign Currency Loans • Finance/Services to Exporters • Finance/Services to Importers • Remittances • Forex & Treasury Services • Resident Foreign Currency (Domestic) Deposits • Correspondent Banking Services • General Banking Services

IMPORTANT ACTIVITIES PERFORMED BY THE BANK

1. Among the Banks partnering L.I.C and National Insurance Company, the Bank stood first in terms of policies issued as well as premium collected.

2. Among the Banks partnering Western Union our Bank stood first as on 31.03.2006.

3. Hosted Bankers’ Conference (BANCON) 2005 WITH THE ORGANISATIONAL SUPPORT OF THE Indian Banks’ Association in the month of November2005.

4. Implementation of the Organisational Restructuring of the bank with the assistance of M/s Boston Consulting Group

5. CBS implemented in more than 1000 branches covering 87% of total business

6 Retail Sales Force launched on Pilot basis in four major centres.

7. First Bank in the country to issue Upper Tier II Bonds and hybrid Perpetual Debt Instruments. 8. Technological products such as Cards, E_Banking, Mobile (SMS) Banking, RTGS/NEFT etc introduced

9. Ucomagic cheque introduced.

10 Our 2067th branch opened on 6th Jan 2009 (our 67th birthday)

Organizational Structure:

Headquartered in Kolkata, the Bank has 35 Regional Offices spread all over India. Branches located in a geographical area report to the Regional Office having jurisdiction over that area. These Regional Offices are headed by Senior Executives ranging upto the rank of General Manager, depending on size of business and importance of loacation. The Regional Offices report to General Managers functioning at Head Office in Kolkata.

Present Organizational Structure of UCO Bank:

Board of Directors Chairman & Managing Director

Executive Executive Director-I Director-II

Corporate Field level General General Mangers at Managers Head at eight Office (13) FGM offices

35 Zonal offices headed by Zonal Managers – DGMs/AGMs

Branches & ATM Services

UCO BANK - MISSION STATEMENT

To be a top- class Bank to achieve sustained growth of Business and Profitability, fulfilling socio-economic obligations, excellence in customer service, through up gradation of skills of staff, their effective participation and making use of state-of-the–art – technology.

UCO BANK -VISION STATEMENT TO EMERGE AS THE MOST TRUSTED,ADMIRED,SOUGHT AFTER WORLD CLASS FINANCIAL INSTITUTION , AND TO THE MOST PREFERRED DESTINATION FOR EVERY CUSTOMER AND INVESTOR AND A PLACE OF PRIDE FOR ITS EMPLOYEES.

Global banking has changed rapidly and UCO Bank has worked hard to adapt to these changes. The bank looks forward to the future with excitement and a commitment to bring greater benefits to its customers.

UCO Bank, with years of dedicated service to the Nation through active financial participation in all segments of the economy - Agriculture, Industry, Trade & Commerce, Service Sector, Infrastructure Sector etc., is keeping pace with the changing environment. With a countrywide network of more than 2000 service units which includes specialised and computerised branches in India and overseas, UCO Bank has marche into the 21st Century matched with dynamism and growth. CHAPTER 3 INTRODUCTION TO RETAIL BANKIN

RETAIL BANKING

Retail banking is activity devised in past few years and now used extensively. It represents any banking which is not wholesale based. In other words we can say that Retail Banking is about providing banking services to individuals and joint individuals as opposed to wholesale banking, which focuses on industry and institution clients. Retail Banking includes any business that is conducted through branch network which is mainly focused towards personal sector. The Pure Retail Banking is conceived to be the provision of mass banking products and services to private individuals as opposed to wholesale banking which focuses on corporate (proprietary, partnership firms, private limited and public sector companies) and institutional (societies, trusts, clubs etc.) clients.

Retail Banking is quite broad in nature-it refers to the dealing of commercial banks with individual customers, both on liabilities and assets sides of the balance sheet. Fixed current/savings accounts on the liabilities side and mortgages, loans (e.g. personal, housing, auto, and educational) on the assets side, are the more important of the products offered by banks.

NEED FOR RETAIL BANKING

1. Economic prosperity and the consequent increase in the purchasing power of consumer.

2. Convenience of using credit cards, internet and phone banking anywhere and any time banking has also flooded customers into banking.

3. Decline in interest rates has also contributed to increase in retail banking.

SEGMENTS IN RETAIL BANKING

1. DEPOSIT SCHEMES

2. PERSONAL FINANCE

3. SERVICES DEPOSIT SCHEMES

Deposits means an amount of money placed with a financial institution either at call (redeemable or withdrawals on demand) or for a fixed period. If fixed, the deposit would earn a higher rate of interest and be called a fixed or term deposit.

Deposit scheme means an arrangement where by an individual or organization may place cash under the safekeeping of a financial institution. It is understood that the institution may invest the cash and pay the depositor a specified amount of interest and that the depositor can reclaim the full value of the account according to the agreed upon procedures governing the account.

TYPES OF DEPOSITS OF UCO BANK

DEPOSITS- The Backbone of Banking Activity

• Mobilising of resources at affordable cost is an integral function of Banking and the aim of a Banker is, how best to bring in its fold the various types of customers who contribute to the above function. • UCO bank has a host of customised Deposit Schemes to meet the demanding needs of its clientele. These schemes ensure high growth and easy liquidity. 1 .CURRENT ACCOUNTS

• Any person, proprietorship, concerns, partnership firms, companies, trusts, local bodies can open the a/c. • Proper introduction is necessary. • No illiterate accounts can be opened. • Nomination only for individual & propritorship accounts • Withdrawals only by means of cheques. • No interest paid on the account except in deceased a/c @ SB interest rate from the date of death of depositor to date of settlement of the a/c .. • Account Holders’ Obligation is to keep the cheques in proper custody, prohibit others from using their cheques

2 .SAVINGS BANK

• Individuals, association of persons not undertaking any profitable ventures in that name (clubs, societies, trusts…) can open the a/c duly introduced. • Number of withdrawals not to exceed 50 in a half year. • Up to 60 cheque leaves can be supplied free of cost in a year • Interest (simple) @ 3.5%p.a calculated on the minimum balance between

10th & last day of the month.

UCO- NO-FRILLS SAVINGS BANK ACCOUNT • Minimum Balance: Rs 5/-. In case of Cheque facility Rs 250/-. Account will continue even with zero Balance • Can be opened at all centres. & S.B rules will apply, with a few restrictions: • Restrictions: • Number of Debit Entries/Withdrawals: In a Half Year Upto 25- Free. Beyond 25 Rs 3 per debit transaction. • For accounts with cheque facility only one cheque book of 20 leaves provided free each year. Any additional requirement during the year will be provided at Rs 2 per cheque. • Overdraft facility up to Rs. 25000/- will be available and this will be classified as Priority Sector indirect advance .

3 .FIXED AND TIME DEPOSIT

It is a deposit account which is suitable for depositor having surplus funds, which is not required by him immediately (for a known period). He deposits such amount in this account for a fixed period. By doing so he earns higher interest than that is available in SB/Current accounts

TYPES: a) Fixed Deposit b) Cumulative fixed deposit

Fixed deposit : In this case simple interest is paid either at periodical intervals(monthly/quarterly/half yearly/yearly) or at maturity. This is suitable for depositors interested in regular income or wanting to park their funds for short duration.

Cumulative fixed deposit : In this case interest is paid on compounded principle and it is paid with principal after maturity. Here interest is compounded quarterly. This is suitable for depositors who are interested in maximising the yield on deposit and also who want to park their funds for longer duration.

WHO CAN OPEN?

i) By an individual singly ii) More than one individual in their joint names. The joint account may be a) Either or Survivor basis b) Former or Survivor basis c) Anyone or Survivor basis d) Jointly operated iii)On behalf of minor – Natural Guardian, father or mother or by a guardian appointed by Court. iv) By minor having attained the age of 10 years. v) By clubs, societies, joint stock companies, associations, executors & administrators vi) Illiterate person - account to be operated by his/her thumb impression. vii) Senior citizen (Age is ≥ 60 years)

AMOUNT OF DEPOSIT Minimum deposit amount is Rs.1000/-. However for payment of monthly interest minimum deposit is Rs.10, 000/-

PERIOD OF DEPOSIT

Minimum period - 15 days 7 days (for deposit of Rs.15 lac & above) Maximum period – 10 years Deposit exceeding 10 years are allowed under orders of Court/Tribunal or protection of minor’s interest. With permission from H.O. deposits more than 10 years can be accepted from Govt. institutions, Govt. undertakings, Corporate bodies for their special needs such as sinking/amortization funds.

RATE OF INTEREST

a. Interest rate as applicable from time to time should be allowed. b. For senior citizens (Age ≥ 60 years) an additional interest of 0.75% is allowed for deposits for a period of 14 days to 364 days and 0.50% for 1 year & above. c. Staff Members are normally entitled to 1% additional interest. For retired staff members in addition to 1% additional 0.25% interest is given in case of deposits for a period of180 days to less than 3 years and 0.50% that for a period of 3 years and above. d. Interest may be paid periodically on monthly/qtly. /half yearly/yearly basis. In case of monthly payment, discounted value is to be taken into consideration. e. Incentive rates may be offered for individual Term Deposit for a minimum amount of Rs. I Crore with the prior approval of GM (T & IM). f. Bank shall accept deposits for a minimum period of 7 days provided the deposit amount is Rs. 15 lac and above

GENERAL GUIDELINES

a) Interest paid on FDRs is subjected to deduction of Tax at source. Wherever depositor declares that he will not pay tax with the payment of this interest also 15H has to be submitted. b) Every depositor is entitled to have a fixed deposit receipt which contains date of issue, name(s) of the depositor(s), period of deposit, date of maturity, rate of interest, and nature of payment of interest. c) In case of loss of deposit receipt duplicate FDR is issued after completion of formalities. d) FDR is not transferable i.e. it cannot be endorsed in favour of another person. e) Addition & deletion of names in a joint account is permitted. f) Nomination facility is available in case of fixed deposit. The nominee must be an individual. g) Bank reserves the right to alter or add to these rules and such alteration and additions shall be binding on the account holders.

4 .RECURRING DEPOSIT ACCOUNTS A Recurring Deposit is an account, where the account holder agrees to deposit a fixed sum of money every month for a fixed period. Recurring Deposit Accounts are patronized mostly by Fixed income groups who desire to save regularly a fixed amount for a certain period and to earn higher interest than that of Savings Bank accounts.

Period of Deposits

Minimum period of deposit is 12 months maximum 120 months in Multiples of 3 months. Period cannot be altered subsequently.

SPECIAL DEPOSIT SCHEMES of UCO BANK:-

1.FLOATING RATE DEPOSIT

• FD with Floating Rate of Interest.

• Interest can be paid on quarterly or cumulative basis.

• Tenure is 3 years (minimum), 5 years or 10 years (maximum).

• Amount of deposit is Rs.1, 00,000 or it’s multiple.

• TDS to be deducted.

• Separate Head Styled CFD (FRD)/FD (FRD) in GL.

• Separate Ledgers & Registers to be maintained. • In ACT-1 Clubbing should be made.

• Rate of interest will be revised at half yearly interval on 1st April and 1st

October. Initially on the date of opening it will be the three year fixed

rate. Then on 1st April and 1st October it will be reset with the three year

fixed rate.

• Differential rate for senior citizens & staff.

• For Regular Income Scheme a fly leaf containing the prescribed format

(Annexure-I) should be stapled with the Deposit Receipt.

• For Premature Payment

Upto 14 days – No interest

More than 14 days & upto 1 year – SB rate

More than 1 year & upto 2 years – SB rate + 0.5%

More than 2 years & upto 3 years – SB rate + 1%

If the deposit remained with the bank for more than 3 years 0.5% penalty

on principal amount for the period the deposit remained with the bank

or the remaining period of maturity – whichever is less.

• Loan is available

• Conversion from fixed to floating rate permissible without penalty. In

that case Fixed Rate A/c will be closed and a new Floating rate account

will be opened. • Nomination available

2 .TWO-WAY DEPOSIT SCHEME

• This is a combination of current/savings bank account & fixed deposit.

• To & Fro transfer of funds at specified intervals.

• After maturity the FD can either be renewed or paid back as per the

instruction.

• The depositor will authorize the bank to transfer at the beginning of the

last month of the quarter a minimum Rs.1000 or its multiples thereof

leaving behind a specified amount in the said current/savings bank

account.(Annexure-II)

• An undertaking to maintain additional minimum balance of Rs.5000/- in

current account and Rs.2000/- in SB a/c. from the depositor is to be

obtained.

• Handling charges @ Rs.15/- per quarter is to be charged.

• Instead of receipt pass book to be issued.

• Separate FD (TWD) Ledger & Register is to be maintained.

• No loan is allowed.

• No interest on premature payment. 3. FRIEND-IN-NEED

• This is a combination of KY and Loan/CC account.

• An FD/KY is to be opened in the name of the depositor for a minimum of

Rs.10, 000/- & in multiples of Rs.1000/- for a minimum period of 3 years

& more 10 years.

• The depositor is to apply in the prescribed application form. (Annexure-

IV)

• 90% of the deposit can be sanctioned as limit.

• Interest @ 2% above the deposit rate for loan upto Rs. 2 lacs. For loan

above Rs. 2 lacs it will be higher of PLR and 2% above deposit rate.

• A1/A2, A47, A3, A38.

• No OD/loan would be allowed against such deposit.

• Third party loan is not allowed.

• No concession in margin & rate of interest is available to staff.

• No account in the name of Minor. 4. FLEXIBLE FIXED DEPOSIT

• This is a modified ‘KUBER YOJNA’ Scheme where premature

withdrawal is allowed without affecting the interest for the remaining

deposit amount.

• No KY receipt. Instead of that a pass book is issued with the title

‘KY/FFD’.

• All the accounts of a depositor should be maintained in one pass book.

• No register is to be maintained for such account. Separate ledger folio to

be maintained for each account.

• The account can be opened only by individuals or association of

individuals.

• For those who are eligible to open SB accounts the minimum deposit

amount is Rs.5000/- and premature withdrawal minimum Rs.1000/- and

in its multiple.

• For those who are not eligible to open SB accounts the minimum deposit

amount is Rs100000 and multiple of Rs. 10000. Maximum no. of

withdrawals is 12 times in a calendar year. • In any account there will be only one credit and may be more than one

debit entries.

• More than one account can be opened by an individual, individuals or

association of individuals.

• No penalty in rate of interest for the amount prematurely withdrawn

• Period of deposit minimum 1 year and maximum 10 years.

5. SPECIAL DEPOSIT SCHEME FOR SENIOR CITIZENS

• Persons of more than 60 years are called Senior Citizens. • Their date of birth is to be verified at the time of opening of new a/c or at the time of renewal of deposit. Subsequent verification is not required. • Documents from which the date of birth will be verified are SLC, LIC policy, Vote Identity Card, PPO.Birth certificate, Passport or Any other document acceptable to bank. • Incentive on rate of interest on FDR on or after 14.05.2001or renewal after 14.05.2001 to the extent of .75 for Senior citizens is available • For staff &ex-staff, Staff & ex staff senior citizen for TDR >180days it is 1.0 &1.25 respectively .Incase of ex staff senior citizen it is applicable up to Rs.25 lacs. • Event of death of senior citizen the deposit automatic transfers to nominee • No penal interest will be levied for premature with drawl of TDR on applicable interest rate. • Free remittance facility is available up to Rs5000/- with out any commission provided the remittance is routed through the SB/Current a/c of the senior citizen.

THE FOLLOWING TYPES OF PERSONAL LOANS OFFERED BY UCO BANK

1. HOME LOAN (UCO SHELTER SCHEME) :

Looking to speedy growth in demand for housing in our country, bank has revised the existing UCO Shelter to make it customer friendly and Competitive.

PURPOSE: • Purchase of new independent home/ready built flat for residential purpose. • Construction of independent house. • Purchase of old house/flat not more than 30 years old.(including flat from registered co-op society/ from builder where society is yet to be formed) free from tenancy and constructed as per approved plan . • Extension/repair of existing house not more than 50 years old. • Take over of home loans availed from other Banks/FIs. • Furnishing of house/flat to be acquired with UCO Shelter. • Purchase of land upto 50% of the cost (30% of Total cost) • Loan under 2nd mortgage or pari passu mortgage . • Loan for repair renovation or extension of the house constructed or purchased by availing UCO shelter loan minimum three years ago . • Senior citizens may be given finance to secure shelter in an old age home against full coverage by banks own term deposit to be continuously renewed during the tenure of the loan till the same is liquidated at 75 years of age maximum . Loan may be granted for more than one purpose mentioned above

ELLIGIBILITY

 Indian Resident having regular source of income.  Minimum 21 years of age.  Maximum 65 years of age inclusive of repayment period.  Singly or jointly as – o Husband – Wife o Parent - Son/Daughter

INCOME CRITERIA • Monthly income should be equal to or more than EMI + Rs 4000 ( For a family of 4 members) • For each additional dependent, monthly income requirement will go up progressively by Rs.1000/- • Where parents are residing with the applicant(s), the quantum of pension will be reckoned to determine their DEPENDENCE .

QUANTUM OF LOAN

Location of For For Branch/Centre Construction/Purchase Repair/Extension/Renovation Metropolitan/Urban/ Rs.100 lacs Rs.25 lacs Semi-urban Rural Rs.25 lacs Rs.7.50 lacs .

MODE OF REPAYMENT

 By way of deduction from monthly salary.

 By postdated cheques (PDC).(12 taken at a time, and continued on a ongoing basis) The date of PDC should be within 7th of each month.

 For interest during moratorium PDC should be taken separately.

.

HIGH LIGHTS OF UCO SHELTER SCHEME • Availability of both Fixed and Variable Rate of Interest. • Loans upto Rs.100 lacs available. • Any Manager can issue in-principle sanction within 3 days irrespective of quantum of loan. • Processing fee @0.5% (min.Rs.1000/-). 0.25% processing fee collected at the time of issuing in-principle sanction is refundable if the loan is not sanctioned for any reason. • No prepayment charge under both fixed/variable rate of interest, if prepaid after 3 years of 1st disbursement. • The rates are sub-PLR and comparable • Final sanction to be accorded within 15-21 days. • Loans upto Rs.15 lacs can be sanctioned at branch level. • Loan for furnishing of house can be given • Guarantor’s income can be reckoned to determine quantum of loan.

2. EDUCATION LOAN

Education Loan was introduced as per the recommendation of Vepa Kamesam Committee way back in 1981. Various modifications have been made in the scheme from time to time. In the recent past IBA prepared a model scheme on Education loan at the instance of Finance Ministry.

OBJECTIVE and SCOPE OF THE SCHEME:- Deserving student should not be deprived of higher studies for want of financial support.

There are two distinct schemes .1) in Studies India & 2) Studies abroad I .Studies in India for completing:- a) Graduation courses like BA, B.Sc., and B.Com. Etc. b) PG courses like M.A, M.Sc., and M.Com. etc. c) Ph .D courses d) Professional courses like Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer, ICWA, CA, CFA etc e) Other courses leading to Diploma/Degree etc conducted by colleges/ universities approved by UGC/ GOVT. /AICTE / AIBMS / ICMR etc. f) Computer certificate courses of reputed institutes acceded to department of Electronics or institutes affiliated to some reputed university g) Courses conducted by IIM, IIT, IISC, XLRI, NIFT etc. h) Courses offered in India by reputed foreign universities

II .Studies abroad a) Graduation -For job orientated professional/technical courses offered by reputed universities. b) PG courses like MCA, MBA ,MS etc c) Research Works /Professional Courses etc. of Reputed Universities , d) Courses conducted by CIMA- London, CPA in USA etc.

ELIGIBILITY OF BORROWER a. The student must be an Indian National. b. Secured admission in professional / technical courses in India through entrance test / merit based selection process. c. Secured admission to foreign university /institution through entrance test /merit based selection process.

AGE LIMIT: Age should be 18 to 25 years for vocational training course and job Oriented diploma course and graduation courses.

QUANTUM OF FINANCE:-

• Need based finance subject to repaying capacity of parents/ students with margin and subject to- • Maximum Rs.10.0 lacs for studies in India • Maximum Rs. 20.0 lacs for studies abroad [subject to compliance of Exchange control Regulations].

RATE OF INTEREST:-

• upto & inclusive of Rs.4 lacs – BPLR-1.0% Limit =12.75%(w.e.f. 01.12.08) • Limit above Rs.4 lacs – BPLR-0.5% =13.25% • Students satisfying DRI norms / 60% handicapped - 4% • During moratorium period/repayment holiday interest to be debited on quarterly /half-yearly on simple basis. • Penal interest @ 2 % p.a. on overdue amount for the overdue period only for limits above Rs.4 lacs

SECURITY Upto Rs.4 lacs –No security Above Rs.4 lacs and up to Rs. 10 lacs – • Satisfactory third party guarantee. • Collateral security equal to 100% of loan or co-obligation of parents/guardian/ third party for 100% of loan. Third party guarantee may be waived if the net worth/means of parent is satisfactory. Parent will be joint borrower in this case • The security may be in the form of land/ building, liquid instruments, LIC, Gold, shares, bank deposits etc.

3.CAR LOAN(UCO CAR)

Purpose of Car Loan:

A new car, jeep or Multi Utility Vehicles (MUVs) A used car / jeep (not more than 5 years old). (Any make or model). Take over of existing loan from other Bank/Financial institution

Target Group

(a) Employees/Salaried group. Permanent employee with min. 2 yrs completed service and 5 yrs remaining service (b)Established Professionals & Businessmen Income Crieteria

(a) Minimum take home pay Rs.7500/- per month the amount of EMI (b)Minimum income Rs.1.20 lac per annum as per Income TaxReturn/Assessment during the preceding year in which loan is sanctioned. Adequate precaution is to be taken as regards verification and credit worthiness of the applicant .

. Amount of loan for new vehicle

Maximum Rs.7.50 lac or 85% of the cost of the vehicle whichever is less.

.Amount of loan for 2 nd -hand vehicle.

Maximum 3.50 lakhs or 70% /60%of the cost of the vehicle whichever is less. In case of old vehicle the borrower has to produce “Certificate of Fitness” from a qualified automobile engineer and a “Valuation Certificate” from the approved valuer/surveyor.

Repayment

Maximum 3.50 lakhs or 70% /60%of the cost of the vehicle whichever is less. In case of old vehicle the borrower has to produce “Certificate of Fitness” from a qualified automobile engineer and a “Valuation Certificate” from the approved valuer/surveyor.

. Rate of Interest General category----BPLR-0.75%=13.0%wef1.8.08 Other category ( where full security /salary tie up/ doctor/medical practitioners, newly introduced category )----BPLR-1.5=12.25% wef01.08.2008 . Penal intrest In case of default, penal interest of 0.5% for the period of default on the defaulted instalment over and above the applicable rate of interest should be levied.

Documentation

A36(Revised) A26A Guarantor’s Statement, Letter of Guarantee (wherever required), Credit Report (Contd.) of Borrower & Guarantor.

Security

Hypothecation of Car **CLS Offered/stipulated by sanctioning authority.

4 LOAN TO PENSIONERS(UCO PENSIONER)

Target group Pensioners who receive pension through our Branch only War widows and widows drawing family pension through our branch are also eligible provided there is another co-borrower of sufficient means. Purpose a) Medical Exp. for self / spouse / dependent children b) Payment of Med claim premium for self & dependents c) Marriage Exp. in the family d) Educational expenses of dependent children e) Travelling f) Repair of house g) Funeral Expenses.

Quantum of Finance

10 times of monthly pension received upto a ceiling of Rs.1,00,000/-.

Security

Clean. Therefore, to safeguard Bank’s interest irrevocable letter of authority from pensioner authorising the Bank to debit his/her pension SB/Current A/c by the amount of monthly instalment till liquidation of loan account has to be taken.

Guarantee a) Personal guarantee from spouse eligible to receive family pension in the event of death of the pensioner. b) Where spouse is predeceased, guarantee of sons/ daughters or a third party.

Rate of Interest

BPLR =13.75%wef1.12.08

Repayment In 12 to 24 monthly instalments after one month from disbursement. Instalments to be deducted on the day of payment of pension. In genuine cases repayment may be extended to 36 months.

5.PROPERTY LOAN SCHEME(UCO MORTGAGE)

Purpose

Credit facility will be sanctioned to various segments of population to meet their financial needs against mortgage of their immovable property located in metro/urban/semi-urban centres. Credit facility may be by way of term loan or overdraft facility as per requirement of the borrower.

Eligibility

(a) Non-salaried class of people including professionals/ businessmen who have regular source of income and are filing IT Return (b) Maximum age limit of the borrower on the date of applying for the Credit facility is 65 years. (c) Employees of Central and State Governments, schools, colleges, public sector undertakings, reputed corporate business enterprises.

Quantum of credit

(a) Credit facility for an amount of 60 per cent of the value of the property in the form of non-agricultural land/land with building constructed thereon/ flat/apartment/commercial property in the name of the borrower (or in joint names) may be considered. In case the property is rented, it is to be ensured that the valuation is suitably adjusted to ascertain the realizable value of the property due to tenancy conditions. (b)The minimum and maximum amount of Credit facility to be considered for sanction are Rs. 2 lac and Rs. 50 lac respectively.

Repayment

Maximum 84 Equated Monthly Instalments EMIs.

Rate of intrest

Rate of 10.04.07 With Effect From WEF Interest to 30.06.08 To 1.7.08 01..12.2008 31.07.08 BPLR+1=14.5 % BPLR+2.0=16.0 BPLR+2=15.75% as Floating wef % 1.7.07 14.75% as fixed BPLR+2.0=16.0 BPLR+2=15.75% wef 1.7.07 %

Security

Equitable Mortgage (EM)/Registered Mortgage of unencumbered non- agricultural land/residential house/flat/apartment/commercial property situated in metro/urban/semi-urban centres in the name (in joint names) of the prospective borrower. In case of availment of credit facility against property in the name of a third party, the owner of the property shall have to stand as a guarantor.

6.UCO SHOPPER

UCO SHOPPER is also a kind of loan granted for the purchase of consumer goods or scooter/two wheeler

Target group

(a)Employees/Salaried group (b)Established Professionals & Businessmen

Income Criteria

Take home Pay – . Minimum Rs.36,000/- per annum. Spouse’s income may be clubbed . Minimum Rs.60,000/- per annum .To be verified by Manager on the basis of certificate either from Panchayat /Municipality or recent I.T. return filed. Agriculturist with income of Rs60000/- & above may be covered under the scheme. Income verification as in case of UCOKHJY

Amount of Loan

Minimum – Rs.10,000/- Maximum – Rs.1,00,000/- OR Ten times of monthly take home salary whichever is less

Schedule for Repayment

Maximum 60 Equated Monthly Instalments commencing after one month of disbursement

Rate of Intt.

BPLR+1% =14.75% wef 01.12.2008

SERVICES OF UCO BANK

1.Visa International Debit Card

Visa International Debit Cards are issued to any customer having a Saving/Current Account at free of cost The cards can be used for purchase of any items in any of the Point of Sales (Merchant Establishments)

Uses of Visa international debit card

1. A customer can use the Visa Debit Card to withdraw cash from UCO Bank ATM, SBI ATMs, MITR Bank ATMs The members of the MITR group are 1.Punjab National Bank 2. Indian Bank Oriental Bank of Commerce 4. Ucobank 5. IndusInd Bank. 6. Bank of Maharashtra .The through Visa Debit Card provides online acceptance to Bank account anytime, anywhere all VISA enabled ATMs worldwide. 2. A debit card can be used to make payment for any goods and services availed at any point of sales (merchant establishments). (Which accept VISA Cards and having electronic terminals). The Visa Debit Card holders can purchase goods at around 13 million merchant outlets worldwide. 3. It ensures security i.e. Personal Identification Number (PIN) is used at ATMs and signature at point of sale 4. There is no fear of over spending in case of debit cards. 5. It gives 24 hour access to bank. 6. There is no interest cost to the card holder as the account gets debited instantly 7. UCOBank has joined National Financial Switch(NFS) thus enabling card users access to 31240 ATMs of 33 banks across the country

2 ATM Services

UCO bank has installed about 335 ATMs at various places across the country. There are a number of on-site ATMs (physically attached to a branch) and many Off-site ATMs as well. The VISA international debit cards issued by branches can be used to access our ATMs. As has been mentioned above we have also entered into an agreement with SBI to share their ATMs and we are also one of the members of the MITR group for sharing the ATMs. 3.INERNET BANKING – E-Banking

The internet empowers the Bank to add a completely new dimension to the relationship with customer. Though internet, our bank provides direct access to banking services by UCO e-banking, tailored to suit the requirement of customers 24X7. With this, customers can now have access to a host of services sitting in the comfort of their home/office.

UCO e-Banking Services are available to customers of all the branches under Centralised Banking System(CBS). Customers can view and transact their banking business anytime anywhere online. The services are available to customers of selected branches under Non-CBS system who can only view the position of their accounts as of any previous day in offline mode. Transacting facility is not provided to them.

Facilities available to e-Banking customer a) View account details/statement/transaction history b) Funds Transfer to another account of self or third party within UCO Bank. c) Utility Bills Payment – e.g. Mobile Bills, Telephone, E.B. LIC Premium etc. d) Tax Payment – ePayment of Central Exise, Sales Tax, Service Tax, Income Tax etc e) Request for issue of Cheque Books/Demand Drafts or Stop Payment f) Send Mails to Relationship Manager/Branch Head g) Know Maturity Value of Deposits and EMI of loans h) Change Password and user profile

4.UCO MOBILE BANKING

UCO Mobile Banking launched by our bank is a technology based new service to our customers allowing them to avail selected banking services through their mobile phone using SMS messagingThe service is offered at all our CBS branches to our existing e-banking customers as well as to customers not registered under UCO e-banking.

Mobile Banking services are operated through Push and Pull Messages. PUSH messages are customized alerts. The customers registered under Mobile Banking facility will get SMS alerts for various activities, like . Salary Credit . Account getting debited by a certain amount or above . Account getting credited by a certain amount or above . Cheque Bounce . Balance above certain limit . Balance below a limit

PULL Services: Under this the customers can submit a request for any information/service and will get a response. The twin activities of sending the request by the customer and getting the response from the system constitutes one PULL message. The following functionalities are presently available to customers under Request Facility

. Account opening request . Balance Enquiry . Last 3 transactions . Cheque status enquiry . Account statement request . Funds transfer request (between self accounts) . Third party funds transfer request .

CHAPTER 4 RESEARCH METHODOLOGY

RESEARCH OBJECTIVES .

 To study the aspect of RETAIL BANKING in UCO Bank Dharamshala .  To study the various Deposit schemes offered by UCO Bank.

 To study and analyse the various Personal Loan Schemes offered by UCO Bank.

 TO study the Satisfaction Level of UCO Bank customers.

 To study the different Services offered by the UCO Bank.

 To analyse the general strengths & weaknesses relating to the banking activities of UCO Bank Dharamshala. RESEARCH DESIGN

1) Statement of the problem 2) Research Methodology  Type of study  Data collection  Sampling  Tools & techniques 3) Scope of study 4) Limitations

Defining Research Problem

Problem definition is the first & foremost part of the research process, without this research cannot be completed until and unless there is a problem or objective, the research cannot be initiated. Problem definition refers to the objective on which research has to be done, so problem definition in my project work is to study the Retail Banking in UCO BANK

I. Research Methodology

Research refers to search for knowledge. In other words research is defined as a careful investigation or inquiry especially through for new facts in any branch of knowledge. Research Methodology is one of the important aspects of any project. This gives us clear-cut view of method so used while gathering the information so needed for the completion of the report.

a) Type of Study: Study is empirical in nature as it’s based upon the facts and figures. b) Data Collection: Source of Data: Two types of data sources will be taken into consideration  Primary Data  Secondary Data

Primary Data: The primary data are those which are collected a fresh and for the first time, and thus happen to be original in character. Under this project direct collection of data from source of information & techniques such as personal interviewing and survey through questionnaire for customers has been considered.

Secondary Data: Secondary data is one which has already been collected by someone else and which has already been passed through statistical processing. Under this project secondary data is been collected from journals, magazines, & web sites.

C) Developing Sample Design :

Sample design refers to number of items to be included in sample

It refers to the technique or procedure the researcher would adopt

In selecting items from the sample. Type of universe: The universe is the entire group of items the researcher wish to study and about which they plan to generalize. Under this project type of universe include people residing in Dharamshala & surrounding rural area.

Sampling Unit: .Sampling unit refers to number of persons who can represent the whole population.

Size of Sample : Number of people surveyed. Generally large Sample more reliable result than small sample. The sample Consist of 120 respondents.

Sampling Procedure: Sampling procedure refers to technique Used in selecting the items for the sample. Under this project selection of respondents is on the basis of convenience sampling.

Tools and Techniques: In this study tools and techniques used are tables, graphs & percentages techniques.

Scope of Study: This study is mainly confined to the customer of Kangra & near villages. The size of sample is 120 respondents.

Limitations of the Study: • Time for the completion of the project was too short to do an in-depth study. • The facts and concepts of Respondents may be biased, imaginary and may be based entirely on their personal experience . • Most of question in the questionnaire was close ended which reduced the scope for people to give free opinion. • The sample size was not enough to reach on any exact conclusion.

CHAPTER 5

DATA ANALYSIS & INTERPRETATION

1. Do UCO Bank employees pay kind attention & listen to you patiently?

Options Number %age Yes 48 80 No 12 20 CUSTOMER SATISFACTION LEVEL

90 80 70 60 50 40 30 20 10 %age 0 2. Do you YES NO think UCO %AGE OF RESPONSESe OF %AGE CUSTOMER RESPONSES Bank products & services suit your needs?

Options Number %age Yes 40 66.66 No 20 .33.34

3. 3. Do you think that the rate of interst charged on loan schemes is justificable?

Options Number %age Yes 15 25 No 45 75

4. Is the documentation process very long and cumbersome?

Options Number %age Yes 24 40 No 36 60 5. Where would you rank UCO BANK Products & services?\

Excellent 6 10% Very good 24 40% Good 20 33.33% Fair 6 10% Poor 4 6.66%

QUALITY OF UCO PRODUCTS 6. Rank the following Banks?

Bank number %age SBI 25 41.66% PNB 12 20% UCO 15 25% Others 8 13.33%

RANKING FACTS • 80% respondents(customers) are satisfied with the staff and agree that they are properly guided and counseled • 66.66% people say that the products offered by UCO Bank suit their needs. • Only 25% customers feel that the intrest rates on loans are justificable. • 60% people believe that the documentation process is cumbersome. • 40% people rank UCO Bank as very good. 33.3 % good and 10% as excellent. • Male applicants are more than female applicants. • Maximum no of respondents are between the age group of 30-50 • The monthly income of most of the people is between 10-20 thousand. • The requirement of most of the applicants is between 5-10 lacs. • Maximum no of respondents are attracted to the loan with a duration of 15 and 20 years.

SATISFACTION SURVEY A satisfaction survey was done based upon a questionnaire The questionnaire was mostly filled by the existing customers of the bank . CHAPTER 6

CONCLUSION

CONCLUSION

UC O Bank has emerged as an admired and trusted Financial instit- -ution.It has been serving the nation for last 67 years. UCO Bank has strechted out to all segments of the economy- be it agriculture, Indus- -try,trade & commerce,services or infrastructure.UCO .Bank has also changed to be adept with the newest technology,boasting of speciali- -zed computerized branches in both India and overseas. Global banking has changed rapidly and UCO Bank has worked hard to adapt to these changes. The bank looks forward to the future with excitement and a commitment to bring greater benefits to its customers.

UCO Bank, with years of dedicated service to the Nation through active financial participation in all segments of the economy - Agriculture, Industry, Trade & Commerce, Service Sector, Infrastructure Sector etc., is keeping pace with the changing environment. With a countrywide network of more than 2000 service units which includes specialised and computerised branches in India and overseas, UCO Bank has marched into the 21st Century matched with dynamism and growth!

The Bank has introduced attractive deposit schemes like Floating Rate Deposits,Two way deposit scheme,Friend-in –Need,UCO Laksmi yoj--na etc.The loan schemes of the bank suit customer requirementApart from home loan,car loan & Education loan,the Bank has also introdu--ced schemes like UCO Mortgage, UCO Shopper, UCO Trader etc. The bank also provides services like ATM’s,Internet Banking,Mobile Banking etc.

As per the general view, Rate of Interest is the most important criteria for selection of a bank for a products and services provided by the organization. However factors like flexibility and other services are also a driver to the customers.

To conclude it can be said that UCO is a strong brand and is serving the society at its best, with rich experience, best services. Competent employees and strong business ethics. The organization is earning a fair amount of profit since its establishment and able to establish a good reputation. SUGGESTIONS

The following suggestions and recommendations have been made on the basis of the whole analysis, which was designed to get the response of the existing, previous, as well as potential customers.

 More awareness has to be created regarding the products offered by UCO Bank. The customers are not aware of all the products offered to them and the facilities provided. So it is suggested that pamphlets should be sent to customers to make them aware about the latest policies and schemes.  Facilities like Income Tax certificate should be sent to the customers by post. This facility is only available to outstation customers only .  The documentation process for taking a loan should be short and simple.

 Regular updates to the existing customer regarding changes in interest rates.

 Proper guidance should be given regarding latest policies of UCO BANK

 New loan schemes should be introduced to fulfill the needs of the weaker sections of the society.

 To develop Express DD counters at various branches from where Demand Drafts can be purchased without any waiting time.  To open & develop NO HOLIDAY branches to extend the business hours for public transactions during 365 days in a year.

 Misleading or unfair highlighting of any aspect of any scheme/service marketed by the Bank leading to unfair practice shall not be resorted to by the Bank.

QUESTIONNAIRE

A s a part of my summer training I have prepared a questionnaire regarding ‘RETAIL BANKING IN UCO BANK’.So you are requested to choose the most appropriate option given below in each question. Thanks for your cooperation.

UCO BANK (DHARAMSHALA)

1. Do you have an account in UCO Bank Dharamshala? (a) YES ( ) (b) NO ( )

2. Do you get proper attention and UCO Bank employees listen to you patiently? (a) YES ( ) (b) NO ( )

3. Do you think UCO Bank products & services suit to your needs? (a) YES ( ) (b) NO ( )

4.Are you satisfied with the intrest rates on your deposits? (a) YES ( ) (b) NO ( )

5. Do you think UCO Bank charges a fair intrest on various loan schemes? (a) YES ( ) (b) NO ( )

6. Do you want UCOBank to introduce any new products and services?.

(a) YES ( ) (b) NO ( ) If yes then what?......

7. Is the documentation process very long and cumbersome? (a) YES ( ) (b) NO ( )

8 Any thing which you do not like in UCO Bank and would like UCO to improve?. (a) YES ( ) (b) NO ( ) If YES , then please mention …………………………………………………….. 8. Where would you rank UCOBank Products & services? Excellent Very good Good Fair Poor

10. Rank the following Banks? Bank number %age SBI PNB UCO Others

11. Has the recent hike in interest rates effected your decision to take newproducts or repay the existing loan?

(a) YES ( ) (b) NO ( )

12.Are you satisfied with the Banking activities of the UCO Bank? (a) strongly satisfied ( ) (b) quite satisfied ( ) (c) satisfied ( ) (d) quite dissatisfied ( ) (e) strongly dissatisfied ( )

BIBLIOGRAPHY

BOOKS:  Indian Financial system , M Y Khan , Tata McGrawhill Publication.  Indian Financial Sysrem , L M Bhole , Himalayan Publication  Indian Banking , Rosy Joshi , Kalyani Publishers  Security Analysis & Portfolio Management , Rosy Joshi ,Kalyani Publishers

NEWSPAPERS & MAGAZINES:

 Business World  Business Today  India Today  The Economic Times  The Financial Express  Business Standard

WEBSITES:

 www.ucobank.com  www.moneycontrol.com  [email protected]  www.gogle.com  [email protected]