Premium Essay

Sbi Home Loan

In: Business and Management

Submitted By krunal1711
Words 12002
Pages 49

Internship Report submitted to SBI in completion of the requirement of Summer Internship at State Bank of India


APRIL 6th 2013 TO JULY 6th 2013

I take this opportunity to express my profound gratitude and deep regards to Mr. Bhoir, HR, State Bank of India for giving me the opportunity to take up this project and posing faith in me to fulfill the project

I also take this opportunity to express a deep sense of gratitude to Company Mentor Mr. Kumar, Manager State Bank of India, for his cordial support, valuable information and guidance, which helped me in completing this task through various stages. I am obliged to staff members of State Bank of India especially Mr. Saraswat & Ms Warrier, HLST Departement, State Bank of India for the valuable information provided by them in respective fields. I am grateful for their cooperation during the period of my assignment. Lastly, I thank almighty, my parents, brother, sisters and friends for their constant encouragement without which this assignment would not be possible. I am also thankful to all the respondents whose cooperation & support has helped me a lot in collecting necessary information. Kushal Shah
Bottom of Form

Table of Contents

Sr. no | Particulars | Page no | 1 | 1. Introduction 2.1. Profile of Student 2.2. Profile of Organization 2.3. Nature of Project 2.4. Brief objectives assigned by mentor | 4-8 | 2 | 2. Framework of Study 3.5. Home loan Overview 3.6. Housing Finance Scenario in India 3.7. SBI Home Loans 3.8. Specific Objectives of Project 3.9. Scope of Study 3.10. Limitations of Study 3.11. Period of Study | 9- 32 | 3 | 3. Methodology &...

Similar Documents

Premium Essay

1 Comparative Study of Home Loans of Pnb and Sbi Bank

...COLLEGES [pic] SYNOPSIS:- COMPARATIVE STUDY OF SBI INTEREST RATE OF HOME LOANS WITH DIFFERENT BANKS A synopsis submitted for the partial Fulfillment of the degree of MASTER of BUSINESS ADMINISTRATION (MBA) GUIDED BY: SUBMITTED BY: PROF. PRIYANKA MAHESWARI SANDARBH VYAS MBA III SEM INDEX INTRODUCTION • HOME LOANS • INTEREST RATES OFFERED BY THE BANKS REVIEW OF LITERATURE OBJECTIVE OF STUDY RESEARCH METHODOLOGY • RESEARCH DESIGN • DATA COLLECTION • SAMPLING TECHNIQUE • SAMPLING DESIGN BIBLIOGRAPHY INTRODUCTION HOME LOANS Home is a dream of a person that shows the quantity of efforts, sacrifices luxuries and above all gathering funds little by little to afford one’s dream. Home is one of the things that everyone one wants to own. Home is a shelter to person where he rests and feels comfortable. Many banks providing home loans whether commercial banks or financial institutions to the people who want to have a home. Home loans work like any other debt. That is, loans are simply specific money that we borrow from a bank, a private lender or some other type of lender. Afterwards, we must repay our debts with interest. However, unlike other types of loans, home loans are different in several respects. Owning a piece......

Words: 1907 - Pages: 8

Free Essay

Case Study

...Countrywide / Bank of America Countrywide used to be one of the major mortgage companies in the United States until the housing market started to fall. They had so much bad loans that executives were about to closed the doors, until Bank of America came to the rescues and purchase the company. This was the beginning of the nightmare that was soon to make the evening news. The American people were soon to find out about all the creative loans that were approved to unsuspecting customers who were soon to lose their homes. This was the beginning of the end for Countrywide and a turbulent time for Bank of America which is still going on today. Defining and Analyze To define all the issues that created the downfall of Countrywide, we first need to look at the history of the company. The company was created by Angelo R. Mozilo and David Loeb about forty years ago. The partners were able to grow the company into a $500 billion home loan company and assets of $200 billion (The New York Times 2011). To be one of the major mortgage companies, they took many risks to ensure that their customers could live the America dream of owning a house. There have been many issues that led to the downfall of Countrywide. Greed would have to be high on the list. They approved loans that many other companies would not. Part of the problem happened during the crazy housing bubble that enables almost anyone to be approved for a mortgage. Gone were the days of qualifying for a mortgage by......

Words: 1348 - Pages: 6

Free Essay

Audit Example Case

...Case Study: Lincoln Savings and Loan Association In 1978, Charles Keating, Jr. began focusing his time and energy on his business endeavours when he founded the real estate firm, American Continental Corporation (ACC). Six years later, ACC acquired Lincoln Savings and Loan Association, which was headquartered in Phoenix, although its principal operations were in California. In his application to purchase Lincoln, Keating pledged to regulatory authorities that he would retain the Lincoln management team, that he would not use brokered deposits to expand the size of the savings and loan, and that residential home loans would remain Lincoln's principal line of business. After gaining control of Lincoln, Keating replaced the management team; began accepting large deposits from money brokers, which allowed him to nearly triple the size of the savings and loan in two years; and shifted the focus of Lincoln's lending activity from residential mortgage loans to land development projects. On 14 April 1989, the Federal Home Loan Bank Board (FFILBB) seized control of Lincoln Savings and Loan, alleging that Lincoln was dissipating its assets by operating in an unsafe and unsound manner. On that date, Lincoln's balance sheet reported total assets of $5.3 billion, only 2.3 percent of which were investments in residential mortgage loans. Nearly two-thirds of Lincoln's asset portfolio was invested directly or indirectly in high-risk land ventures and other commercial development projects. At...

Words: 4502 - Pages: 19

Premium Essay

Federal Loan System

...Term Paper on: The Federal Home Loan Bank System Abstract The Federal Home Loan Bank (FHLB) System is a large, complex, and understudied government-sponsored liquidity facility that currently has more than $1 trillion in secured loans outstanding, mostly to commercial banks and thrifts. In this paper, we document the significant role played by the FHLB System at the onset of the ongoing financial crises and then provide evidence on the uses of these funds by the System’s bank and thrift members. Next, we identify the trade-offs faced by member-borrowers when choosing between accessing the FHLB System or the Federal Reserve’s Discount Window during the crisis period. We conclude by describing the fragmented U.S. lender-of-last-resort framework and finding that additional clarity about the respective roles of the various liquidity facilities would be helpful. Key words: Federal Home Loan Bank, government-sponsored enterprise, lender of last resort, liquidity Table of Contents Introduction The Federal Home Loan Bank System The Role of FHLB Advances during the 2007 Liquidity Crisis Aggregate Balance Sheets Regression Analysis Crisis-Related Lending by the Federal Reserve and the FHLB System Conclusion References Introduction In July 2007, the credit rating agencies (Standard & Poors, Moody’s, and Fitch) responded to the rapid deterioration in the performance of recently originated subprime mortgages by taking a......

Words: 3665 - Pages: 15

Premium Essay


...confidence again in the business world. Confidence in the character of the business world will enhance predictability, reliability, dependability, integrity, and regularity. Trust will give the business world a form of freedom. It will allow the business world to explore new directions, possibilities, and alternatives. Although trust always has its limits and always involves risk, trust frees the business institution from the need to continuously recheck, rethink, and reanalyze every decision and action they make. But we still need to have “gatekeepers” to keep executives from committing fraud again. Savings & Loan Scandal There have been many disappointments in my lifetime and that’s just in the past 30 years where the government has had to step in and provided some assistance at the expense of the American people. We can go back to the early 80’s when all the Savings & Loans went belly up and the government had to interfere and bail out all of them. The government spent billions of dollars to clean this mess. It was called the worse disaster since the Great Depression. Congress passed the Financial Institutions Reform, Recovery and Enforcement Act of 1989 because of...

Words: 1626 - Pages: 7

Free Essay

Solution Salinas

...definition: Ms. Salinas Savings & Loan has bucked the trend of financial and liquidity problems that has plagued the industry since 1985. Ms. Salinas believes it is necessary to have a long range strategic plan for her firm including a 1 year forecast and preferably even a 5 year forecast of deposits. Objective:1.To determine what would be a successful forecasting tool for the strategic plan of Ms. Salinas.2. To compare different forecasting tool with its Pros and Cons. | II. Review of Background Information: | In this case study, we should also focus the discussion on the 1980s concurrent crisis in the savings and loan (S&L) industry even though it was stated that Salinas has bucked the trend of financial problems during this period. A review of the S&L debacle (as it is commonly known today) provides several important lessons for financial-institution regulators. Moreover, legislation enacted in response to the crisis substantially reformed both bank and thrift regulation and dramatically altered the FDIC’s operations. The causes of this debacle and the events surrounding its resolution have been documented and analysed in great detail by academics, governmental bodies, former bank and thrift regulators, and journalists. Although the FDIC had a role in monitoring events as they unfolded and, indeed, played an important part in the eventual cleanup, until 1989 S&Ls were regulated by the Federal Home Loan Bank Board (FHLBB, or Bank Board)......

Words: 758 - Pages: 4

Premium Essay


...Dear hiring agent: I want to express my interest into the Market Development Manager Position. I have a background in successful sales and marketing programs. I am familiar with the retail industry where I was brought into leadership roles. I am seeking to align myself with a progressive company poised for strong growth and market expansion. With extensive experience working with talented sales teams, meeting aggressive revenue targets, and delivering first-class sales solutions, I am confident that I can help your company meet aggressive goals as well. Capitalizing on my success at Federal Home Loan Bank, I am seeking a professional opportunity to leverage my exceptional sales record and proven account management skills to benefit your company as well as your clients. With the practical experience and demonstrated success, I have the drive and talent to quickly become a top performer within your organization. With this goal in mind, I have attached a resume outlining my qualifications. Some of my key strengths and accomplishments include: • A proven performer with a track record of outperforming sales goals, delivering high levels of customer service, and achieving successful sales results. • Ability to quickly cultivate relationships with very difficult to access, influential decision makers. • Proactively approach account and business challenges applying problem-solving skills, persistence, teamwork and resourcefulness to achieve positive results. Given my......

Words: 255 - Pages: 2

Premium Essay

Comparative Study on Home Loan

...period last year. S Chandrasekharan, executive director, UCO Bank, told NDTV Profit that the bank was not planning to take up any major restructuring this year. “Our focus of the year is going to be retail advances,” he said. Profit this time has been lower than expectations, falling 23 per cent sequentially. What led to the same?   Yes. The pressures were mainly because of the slippages. We expect around Rs. 840 crore this quarter, and otherwise if you see year-on-year profit, it is much higher than what it was. We could make 22.3 per cent year-on-year from Rs. 907 crore last year to Rs. 1109 crore this year. Only on quarter-to-quarter, the profit has come down.  Credit and deposit growth have been a bit sluggish, and consequently your loan-to-deposit ratio (LD ratio) has inched up. Any pressure you are facing on funding side?   No. There is no pressure on us. We took a conscious decision of not accepting bulk deposits this year. The deposit growth as per the industry is 6 per cent. We even did not take any bulk deposit last year as there was a 32 per cent growth in bulk deposits this year (This doesn’t read right. Last year…this year…). The credit (deposit) has gone up to about 16 to 17 per cent. We don’t see any pressure on liquidity. How were the net interest margins (NIMs) during the quarter? Your current and savings account ratio (CASA) dropped in the third quarter. This time how did it pan out?   The CASA has improved as compared to last year and one good......

Words: 3155 - Pages: 13

Premium Essay

Comparison Between Pnb & Sbi

...COMPARATIVE STUDY OF HOME LOANS OF PNB AND SBI BANK. A dissertation submitted to Department of Management in partial fulfillment of the requirement for the award of degree of BACHELOR OF BUSINESS ADMINISTRATION (HONS.) Submitted by: KOMAL MARWAHA 7020070003 Supervisor: Miss Monika Kanali (lect,lpu) LOVELY PROFESSIONAL UNIVERSITY PHAGWARA 2010 1 TO WHOMSOEVER IT MAY CONCERN This is to certify that the project report titled “Comparative study of home loans of PNB and SBI” carried out by Miss KOMAL MARWAHA, D/o RAJESH MARWAHA has been accomplished under my guidance & supervision as a duly registered BBA(Hons) student of the Department of Management, Lovely Professional University, Phagwara. This project is being submitted by him/her in the partial fulfillment of the requirements for the award of the BBA(Hons) from Lovely Professional University. Her dissertation represents her original work and is worthy of consideration for the award of the degree of BBA(Hons) ___________________________________ (Name & Signature of the Faculty Advisor) Title: ______________________________ Dare: ______________________________ 2 DECLARATION I KOMAL MARWAHA, hereby declare that the work presented herein is genuine work done originally by me and has not been published or submitted elsewhere for the requirement of a degree programme. Any literature, data or works done by others and cited within this dissertation has been given due acknowledgement and listed......

Words: 15791 - Pages: 64

Premium Essay

Impact of Slr Reduction in Government securities (G-Sec), because they're more safe and convinient than the other two. ------------------------------------------------- What happens if SLR is decreased? * Earlier SLR was 24%, but on last day of July, RBI changed it to 23%. * That means, if earlier SBI had total Rs.100 Deposited in all its 11,000+ branches, then SBI would have to park Rs.24 in G-sec but with new RBI rule, SBI will have to park only Rs.23. * Meaning SBI can take away Rs.1 from its G-sec investment and use it for giving as loan to regular customers. So, SBI will sell G-sec worth Rs.1 from its suitcase and use that 1 Rupee for lending as House, Car, Business loans to the customers. * SBI has one more rupee to lend to the customers, it'll reduce the interest rate (to seduce more customers). Thus Interest Rates go down when SLR is decreased. * In real life, 1% decrease in SLR, means SBI alone will have additional Rs.10,000 crores for lending * And all the banks (SBI, ICICI, Bank of Baroda etc combined), will have more than 68,000 crores for lending. * Now the reverse: If SLR is increased, then banks have less money to lend = they'll charge more interest rates on loans to keep the profit margin...

Words: 749 - Pages: 3

Premium Essay


...India From Wikipedia, the free encyclopedia Jump to: navigation, search State Bank of India | | Type | Public | Traded as | NSE: SBIN BSE: 500112 LSE: SBID BSE SENSEX Constituent CNX Nifty Constituent | Industry | Banking, Financial Services | Founded | 2 June 1806 | Headquarters | Mumbai, Maharashtra, India | Area served | Worldwide | Key people | Arundhati Bhattacharya (Chairman) | Products | consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, savings, Securities, asset management, wealth management, Credit cards, | Revenue | 200560 crore (US$32 billion) (2012)[1][2] | Profit | 17916 crore (US$2.9 billion) (2013)[1][2] | Total assets | 1566261 crore (US$250 billion) (2012)[1][2] | Total equity | 98884 crore (US$16 billion) (2012)[1][2] | Owners | Government of India | Employees | 295,696 (2012)[2] | Website | | State Bank of India (SBI) is an Indian multinational banking and financial services company. It is a government-owned corporation with its headquarters in Mumbai, Maharashtra. As of December 2013, it had assets of US$388 billion and 17,000 branches, including 190 foreign offices, making it the largest banking and financial services company in India by assets.[3][4] State Bank of India is one of the Big Four banks of India, along with ICICI Bank, Punjab National Bank and HDFC Bank. The bank traces its ancestry to British India,......

Words: 4951 - Pages: 20

Free Essay

Reverse Mortgages in India

...The reverse mortgage came into existence in the UK during the crash of 1929. Having | | | |evolved genetically from the developed countries and mainly the USA, reverse mortgage is a scheme formulated to benefit the senior | | | |citizens the most. Although applicable for the younger people also, 'reverse mortgage loan products for senior citizens' is the basic that| | | |every bank of financial institution follows. | | | |Reverse Mortagage Information | | | | | | | | | | | |Reverse mortgage information that will help you in understanding the concept of reverse mortgage loan is listed below. | | | |Definition Of Reverse Mortgage:Reverse mortgage is a Home Loan product designed for the senior citizens by converting their fixed asset - | | |...

Words: 3527 - Pages: 15

Premium Essay


...Atal Bihari Vajpayee Indian Institute of Information Technology & Management Gwalior An Autonomous Institute of Ministry of HRD, Government of India Defence Salary Package Customer Expectation- Submit Suggestions for Improvement Internship Report submitted to SBI in completion of the requirement Of Summer Internship at State Bank of India Name: Project Mentor/Reporting MUNENDRA SINGH SIKARWAR MR.R.K.GUPTA ABV-IIITM Chief Manager, Gwalior R.B.O. – 1, Gwalior May 2013 to July 2013 ACKNOWLEDGEMENT It gives me immense pleasure and satisfaction in presenting this report of Defence Salary Package undertaken during the summer internship of MBA program. As it is the first step into my professional life, I would like to take this opportunity to express my sincere thanks to several people, without whose help and encouragement, it would be unfeasible for me to carry out the desired work. I would like to thank to Human Resource Department (Learning & Development), Local Head Office Bhopal, for giving me an opportunity to work with one of the most esteemed organization of the world. An enviable work culture and an environment that encourages creativity and......

Words: 6408 - Pages: 26

Premium Essay

Marketing Tool

...Act - II Basics of Banking KYC, AML & CFT Part - I KYC, AML & CFT Part - II Fair Banking Practices Priority Sector Lending Financial Inclusion Agri Credit Process – Pre Sanction Agri Credit Process – Post Sanction Home Loans – Pre Sanction Inspection Housing Loan ( Regular Schemes) Housing Loan Others ( NRI Home Loan, SBI Yuva Home Loan, SBI Home Equity Housing Loan Others ( SBI Maxgain, SBI Realty, Loan for Earnest Money Deposit Education Loan - SBI Student Loan Scheme Education Loan - SBI Scholar Loan Scheme Auto Loans Part - I Auto Loans Part - II Personal Loan Liability Central Processing Centre ( LCPC) Retail Assets Central Processing Centre ( RACPC) Green Channel Counter Small and Medium Enterprises City Credit Centre (SMECC) Stressed Assets Resolution Centre ( SARC) 7 6 4 3 2 1 Month 10. L0060 11. L0132 12. L0124 13. L0227 14. L0278 15. L0298 16. L0034 17. L0302 18. L0300 19. L0422 20. L0423 21. L0431 22. L0432 23. L0062 24. L0006 25. L0008 26. L0229 27. L0010 28. L0011 5 Sr. No. Lesson ID Name of the e-Lesson Trade Finance Central Processing Centre ( TFCPC) Short Term Agri Products Crop Loans Basics of Financing Agriculture ( Krishi Gyan) Self Help Group Farm Mechanisation Farm Mechanisation Other than Tractor Repayment Programme in Agri Loans Information Security Awareness Customer Service/Care ATM Operations - I (ATM Card - Basic Features and Other functions) ATM Opetations - II ( Products and Services) ATM Customer Service Corporate Internet Banking......

Words: 558 - Pages: 3

Premium Essay


...SUBJECT Home loans work like any other debt. That is, loans are simply specific money that we borrow from a bank, a private lender, or some other type of lender. Afterwards, we must repay our debts with interest. However, unlike other types of loans, home loans are different in several respects. Owning a piece of land or property is a lifetime dream for every individual. There are many home loans provider in the market. There are different type of home loan i.e. * Home Purchase Loans * Home Improvement Loans * Home Construction Loans * Home Extension Loans * Home Equity Loans * Land Purchase Loans * Bridge Loans Home purchase loans: These are the basic forms of home loans used for purchasing of a new home. With about a million home lenders and mortgage brokers it's becoming a tough challenge as the days are progressing. But at the same time, when the sites are coming up with all the latest tools and relevant information for us, and with all such conveniences, obtaining a home purchase loan or mortgage has become really pretty simple. However, at the same time though, we may be flummoxed to look so many attractive rates and offers in the market, not to forget the hidden costs associated with each of them. Home improvement loan: Home improvement loans are used to finance improvements and add on to the existing set of credentials of beauty on your owned house, recently purchased property or rented accommodation. Home......

Words: 12436 - Pages: 50