09-04-2014, 03:14 PM
PROCEDURE ON FINANCING OF TWO-WHEELER LOAN, FOR CENTURION BANK OF PUNJAB LTD
EXECUTIVE SUMMARY
This report is on the topic Procedure of two-wheeler Loans. The project was carried
out at Centurion Bank of Punjab under the esteemed guidance of Mr. Renny Joseph.
In the present world, every person wants to own the luxuries of life, but due to non-
availability of finance everyone is not able to do so. Hence some apply for loans and thus
comes the need for financial institutions to lend various services to the people.
The reason for selecting particular bank is that, It has been among the earliest
banks to offer a technology enabled customer interface that provides easy access and
superior customer service. Centurion Bank of Punjab ltd. has a nationwide reach through
its network of 243 branches and 395 ATMs. The bank aims to serve all the banking and
financial needs of its customers through multiple delivery channels, each of which is
supported by state-of-art technology architecture.
The entire process of sanctioning or rejecting a loan involves a number of processes.
This study involves the various processes involved during the sanctioning or rejection of
a loan.
Loan Industry Profile
A loan is an arrangement between a lender and a borrower. The lender gives
money, property, or other asset to the borrower and the borrower agrees to repay the
money, with interest, at some future point in time. There is usually a predetermined time
for repaying the loan and generally the lender bears the risk that the borrower might not
repay the loan. There are many different types and classes of loans, each with their own
set of rules and terms.
Given the current interest rates and the likelihood that the rate will go up over the
next year as the economy starts picking up, it is a good time to go in for a good rate for a
loan. The interest rates will go up as the economy improves and one needs to be locked
into a long-term low interest rate.
COMPANY PROFILE
Centurion Bank of Punjab is a new generation private sector bank offering a wide
spectrum of retail, SME and corporate banking products and services. It has been among
the earliest banks to offer a technology enabled customer interface that provides easy
access and superior customer services.
Centurion Bank of Punjab ltd. has a nationwide reach through its network of 243
branches and 395 ATMs. The bank aims to serve all the banking and financial needs of
its customers through multiple delivery channels, each of which is supported by state-of-
art technology architecture
Learning at work
Centurion Bank of Punjab limited is a learning organization, where sharing
knowledge, within or from outside, is a continuous process. The Centurions motto is We
are encouraged to continually expand our capabilities to create the results, we desire. We
believe in achieving extraordinary performance by creating environment in which people
can excel .
Their people development efforts, which so far were more focused on technical
inputs, are now being re-focused towards overall development of human resources. To
synergize HR and business objectives, they have identified competencies required for
present as well as future business needs through exhaustive training need identification
(TNI) exercise. These identified needs will be addressed through their competency
building initiatives, so as to support their businesses.