28-11-2012, 12:18 PM
Canara Banking Corporation Ltd
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Corporation Bank (BSE: 532179, NSE: CORPBANK) is an India-based banking company based in Mangalore, India. The bank has pan-India presence with 6,164 functional units comprising 1500 branches, 1274 ATMs & 3390 branchless banking units as of 31.03.2012.
The total business of the bank during the financial year 2011-12 has been Rs.2,03,598/-, as on 31.03.2011. The total deposits have grown to Rs.1,46,142crore. Total income of the bank reached Rs.14,510.40crore during this period. Operating profit of the bank reached Rs.2,855.97crore and net profit reached Rs.1,506.04 crore.
Corporation Bank, the oldest banking institution in the erstwhile undivided Dakshina Kannada(Mangalore) District of Karnataka and one of the oldest banks in India, was founded in 12 March 1906 in the Temple Town of Udupi, by a small group of philanthropists led by Khan Bahadur Haji Abdulla Haji KasimSahebBahadur. The need to start this bank was felt because there was no such facility at Udupi, an important trading centre next to Mangalore in D.K. District. The indigenous banking was largely in the hands of a few rich private individuals and something had to be done to provide relief to the common man from the clutches of the money lenders who held full sway. The first branch of a modern bank established in the district was the Bank of Madras, one of the three Presidency Banks, which set up its office in Mangalore in 1868 largely to cater to the business needs of a few British firms dealing in export of plantation products. Its agent used to visit Udupi once a fortnight or so, to do banking. Money remittances had to be made only through postal medium.
SWOT Analysis of Corporation Bank
A tool that identifies the strengths, weaknesses, opportunities and threats of an organization. Specifically, SWOT is a basic, straightforward model that assesses what an organization can and cannot do as well as its potential opportunities and threats. The method of SWOT analysis is to take the information from an environmental analysis and separate it into internal (strengths and weaknesses) and external issues (opportunities and threats). Once this is completed, SWOT analysis determines what may assist the firm in accomplishing its objectives, and what obstacles must be overcome or minimized to achieve desired results.
Stratagies Of Corporation Bank :
National Australia Bank is an international financial services group whose purpose is growth through excellent relationships.
Our vision is to be a 'leading international financial services company which is trusted by you and renowned for 'getting it right.'
Our key strategies are:
• Deliver solutions that help meet customers' complete financial needs;
• Build and sustain a high performance culture;
• Build trusted relationships with all stakeholders;
• Build and manage our portfolio of businesses for strong and sustainable Total Shareholder Return; and
• Create and leverage strategic assets and capabilities for competitive advantage.
• Corporation Bank: Sell Corporation Bank October Futures at Rs 415 with a target price of Rs 395. Hold the position with a stoploss at Rs 425. It has a support at Rs 408 and Rs 399 levels. It has a resistance at Rs 422 and Rs 426 levels. The margin is Rs 25400.
Research Methodology :
The first part of the project deals with credit appraisal process for working capitalfinance followed in Corporation Bank. Relevant data was obtained from primary sourcei.e. Corporation Bank and other secondary sources such as books, internet etc.Theworking capital gap is calculated and the assessment is done before the assessment allthe ratios related to working capital are calculated and also all other quantitative andqualitative analysis is done to ensure the proper channeling of the money considered fordisbursal.
The second part of the project dealt with all the methods in working capital financewhich are used at Corporation Bank, Zonal Office and the factor on which each methodis adopted and also dealt with other kinds of finance i.e. Term Loan and Letter Credit.