CONTENTS

CHAPTER TITLE PAGE NUMBER

1 Introduction

2 Company Profile

3 Internship Activities

4 Internship Experience

5 Suggestion

6 Conclusion
 CHAPTER 1

INTRODUCTION

BANK

The word bank is derived from the Italian word Banco or from a French word Banque,
Banque which means
a bench or money exchange table.

A bank is a financial institution which performs the deposit and lending function. A bank allows a person
with excess money (Saver) to deposit his money in the bank and earns an interest rate. Similarly, the bank
lends to a person who needs money (investor/borrower) at an interest rate. Thus, the banks act as an
intermediary between the saver and the borrower.

much lower rate called deposit rate and lends the

The bank usually takes a deposit from the public at a much
money to the borrower at a higher interest rate called lending rate.

BANKING

According to R P Kent,

“Bank is a financial institution which acts as an intermediary and deals in loans and advances”

STUCTURE OF BANKS

RBI

COMMERCIAL SMALL PAYMENT CO-OPERATIVE

BANK FINANCE BANK BANK BANK

PUBLIC URBAN
SECTOR CO-OPERATIVE
OPERATIVE

PRIVATE RURAL
SECTOR CO-OPERATIVE
OPERATIVE

FOREIGN

RRB
COOPERATIVE BANK

HISTORY

The introduction of Co-operative Banks in India dates back to the early 20th century, which was a time
of distress for the Indian society.

 The Cooperative Credit Societies Act, 1904, was the first step taken for the co-operative society, which
got accelerated with the introduction of the Cooperative Societies Act of 1912

 In post-independent India, Central Committee for Cooperative Training (1953) was set up by RBI for
establishing co-operative training centre’s

 To solve the issue of the financial crisis in the rural areas, Rural Credit Survey Committee was set up
1954

 This co-operative movement spread through the banking sector as well and by 1950s, Co-operative
Banks had started extending their reach to the public in both rural and urban areas

Co-operative Banking in India

The Co-operative Banks in India are governed as per the Banking Regulations Act 1949 and Banking
Laws (Co-operative Societies) Act, 1955.

These Banks have been opened with the motto of ‘no-profit-no-loss’ and thus, do not seek for profitable
ventures and customers only. As the name suggests, the main objective of Co-operative Banks is mutual
help.

Given below are a few important features of Co-operative Banking in India:

 They work on the principle of ‘one person, one vote’. Since these banks are owned by the members, a
Board of Directors is chosen democratically and then they are responsible for controlling the
Organization

 Farmers can avail agricultural loans on minimum interest rates from the Co-operative Banks

 Providing easy and accessible loans and credit benefits in the rural areas with scarce banking facilities

 The annual profit earned is spent on financial reserves and required resources and a part of it is
distributed among the Co-operative members, as per the prescribed limitations
These institutions play a critical role in last-mile credit delivery and in extending financial services across
the length and breadth of the country through their geographic and demographic outreach.

The concept of Co-operative banking is also extremely important for candidates preparing for the
upcoming IAS Exam. Aspirants can visit the linked article for more details.
STUCTURE OF COOPERATIVE BANK

Urban Co-operative Banks

 Non-Scheduled UCBs

 Scheduled UCBs
Rural Co-operative Banks

 State Cooperative Banks

 District Central Cooperative Banks

 Primary Agricultural Credit Societies

Single-state UCBs are regulated by State Registrars of Co-operative Societies (RCS) and multi-state UCBs
are governed by Central Registrar of Co-operative Societies (CRCS).

Functions of Cooperative Banks

 It provides financial assistance to people with small means and protects them from the latches of money
lenders providing loans and other services at a higher rate at the expense of the needy.

 It supervises and guides affiliated societies.

 Rural financing- It provides financing to rural sectors like cattle farming, crop farming, hatching, etc. at
comparatively lower rates.

 Urban financing- it provides financing for small scale industries, personal finance, home finance, etc.

 It mobilizes funds from its members and provides interest on the invested capital.

Objectives of Cooperative Banks

 To provide rural financing and micro-financing.

 To remove the dominance of money lenders and middleman.

 To provide credit services to agriculturalists and weaker sections of the society at comparatively lower
rates.

 To provide financial support and personal financial services to small scale industries, housing financial
assistance, etc.

 To provide basic banking services to its members.

 To promote the overall development of rural areas.

 CHAPTER 2

COMPANY PROFILE
HISTORY

The Unique Town of Kancheepuram, in Tamil Nadu. The Little Kancheepuram Co-operative Urban Bank
Ltd., was registered as a Co-operative Bank in the year 1910 under the Co-operative Societies Act 1904 and
commenced its working on 11-09-1910, with 110 members with a paid up share capital of Rs.0.04 Lakhs
(Rupees Four Thousand Only), for the benefit of the members living in the urban area. This bank has grown
th
steadily and now it has commenced its 111 year of untried services to the public.

As on 31-03-2022, 18928 members with a paid up share of Rs.414.16 Lakhs. As on 31-07-2022

18928members with a paid up share capital of Rs.460.32 Lakhs.

The little Kancheepuram Co-operative Urban Bank functioning with head office and 3 branches.

VISION

To become the leading bank playing a central role in the co-operative movement and providing relevant
and innovative financial services to our customers for the optimum benefit of all our shareholders.

MISSION

Promotion and sustenance of economic interest and providing easy finance, cost effective and quality
banking services to customers with special emphasis on the co-operative movement.

New opportunities

 Branch licensing (including ATMs)

 Net banking facility (RTGS & NEFT payment system)

Challenges

 Computerization – Net working

 Improving internal control systems
STUCTURE OF BANK
 Now the banks’ managements vested with Deputy Registrar/Administrator
 The day to day administration of the Bank is entrusted with General Manager and 23 other
employees who are working in various cadres like Manager, Asst. Manager, Assistants and Sub-staff
Sub
etc.,

DEPUTY REGISTRAR

GENERNAL MANAGER

MANAGER

ASST. MANAGER

ASSISTANTS

SUB-STAFF

DEPARTMENTS OF THE BANK

 Deposits
 Savings
 Loan

BRANCHES OF THE BANK

operative Bank functioning with the head office and 3 branches.

The Little Kancheepuram Co-operative

 Head office situated at NO.85,T.K.Nambi Street, Little Kancheepuram

 Ayyampet Branch functioning at NO.22/81,Nadu Street, Ayyampet Village, Walajabad Taluk,
Kancheepuram District.
 Aladipillaiyar Koil Street Branch functioning at No.18, Aladipillarkoil Street, Kanchipuram
 Railway Road Branch functioning at No.44/30, Sangusapet Street,, Kanchipuram.
COMPETITORS

 Salem Urban Co-operative Bank

 Chennai Central Co-operative Bank

AWARDS OF THE BANK

 Best co-operative bank in district level (2019)

 Best co-operative bank in state level (2012)

FUTURE DEVELOPMENT ACTION PLAN

This bank has proposed to increase its business turnover by way of extending its objective services to
its members as well to people of this Kancheepuram Town and those living in the adjacent villages.

GENERAL

The bank was very proud to say that our former Chief Minister Thiru.C.N.Annadurai had Current
Account in bank in the year 1965. They feel very proud for its major contribution for the development of the
social and economical status of its members and its unblemished services to the public and its members
for the past 112 years.

In view of the facts and the need for more financial requirements of the public, the bank shall continue
its services in future also and shall improve its performance with the kind and fullest cooperation of all the
cooperative and other Government Department officials and the employees of the Bank.
 CHAPTER 3

INTERNSHIP ACTIVITES

As a part of internship training, I worked as an intern in The Little Kancheepuram Co-operative Urban
Bank, Kanchipuram. The internship started on July 11th 2022 and ended on August 6th 2022 during which I
was placed in deposits section where I was given the task of form filling and entering data’s related to
customers and I also learned about the process of loan sanction.

With the help of the trainer I learnt to create deposit accounts

 CHAPTER 4

INTERNSHIP EXPERIENCE

During the internship period, I was assigned various tasks depending on the daily activities of deposit
section. The duty given to me as an intern was to create and close the deposits. The key duty given to me is
to renewal of fixed deposit.

I was also given the task of closure of inactive accounts and recording 15G and 15H form for deposits.

As an intern ii have learnt to easily interact with the people to improve my skills’ have learned many
new things which will be very useful for my future development.

I learned about the important aspects of customer’s behavior. I also learned bank functioning and its
policies being followed in the bank