MA0039 &RETAIL BANKING

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ASSIGNMENT

DRIVE	SPRING 2016
PROGRAM	MBA
SEMESTER	III
SUBJECT CODE & NAME	MA0039 &RETAIL BANKING
BK ID	B1619
CREDITS	4
MARKS	60

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

Question. 1. Write notes on :

TDS on deposits

Answer: The full form of TDS is Tax Deducted at Source.   Thus, when someone deducts tax at appropriate rate at the time of making payment,  then  the amount deducted  is known as tax deducted at sources.   One of the most often case for such TDS is the deduction of  the tax on the interest paid on Fixed deposits to you by all banks.  From FY 2015-16 onwards, TDS is also applicable for Recurring Deposits.   However, there is no TDS for interest earned on Saving Bank accounts.

Order Nisi

Answer: In most common law jurisdictions, a decree nisi must be obtained in possession proceedings before the court will order foreclosure under a mortgage enforcement.

This form of ruling has become a rarity in recent times, with few exceptions: in some jurisdictions, it is still a standard stage of divorce proceedings. In Hong Kong, and in England and Wales, section 1(5) of the Matrimonial Causes Act 1973 provides that "

Legal status enjoyed by nominee

Answer: If you think appointing nominees for all your investments, from insurance to property, is as good as drafting a will, you may be wrong. Mumbai-based Nalin Shah found this out recently when he approached his lawyer for drafting a will. In 2010, he had appointed his wife as a nominee in an insurance policy, but his

Banker’s Lien and General Lien

Answer: A lien is the right of a creditor in possession of goods, securities or any other assets belonging to the debtor to retain them until the debt is repaid, provided that there is no contract express or implied, to the contrary. It is a right to retain possession of specific goods or securities or other movables

Question. 2. Draw a comparison of Cash Credit and Overdraft as retail asset products.Differentiate between Indemnity and Guarantee as non-fund based products.

Answer:Many business organization needs funding for fulfilling their monetary requirement. The funding can either be short term or long term. Nowadays people choose a short term loan like cash credit and overdraft. “Cash Credit” is a type of facility provided by the bank or financial institution in which, a company can withdraw an amount more than what he holds to his credit against the security of stock. “Overdraft” is another facility, in which the bank permits the customer to debit his current account below zero but only

Question. 3. “Money Laundering is a conversion of illegal money into white money”. Illustrate theconcept and explain the importance of prevention of money laundering legislationinitiated by the Govt. of India.

               

Answer:India is extensively gripped under crime of money laundering. Money laundering is usually used by criminals to hide money made through illegal act. It is the process by which huge amount of money obtained unlawfully, from drug trafficking, terrorist activity or other severe crimes. Money laundering has an unfavourable impact on economy and political steadiness of nation. It is necessary that all nations of the world must jointly

Question. 4. Illustrate the concepts of :

a) Marketing Mix and

Answer: Marketing mix is a business tool used in marketing and by marketers. The marketing mix is often crucial when determining a product or brand's offer, and is often associated with the four Ps: price, product, promotion, and place. In service marketing, however, the four Ps are expanded to the seven Ps or Seven Ps to address the different nature of services.

b) Market Segmentation

Answer: Market segmentation is a marketing strategy which involves dividing a broad target market into subsets of consumers, businesses, or countries that have, or are perceived to have, common needs, interests, and priorities, and then designing and implementing strategies to target them. Market segmentation strategies are generally used to identify and further define the target customers, and provide

Question. 5. Explain the some of the new channels of banking operations.Can you predict some more advancement in this directions ?

Answer: Key emerging business and technology trends across retail banking channels to meet new client demands and optimize channel distribution costs

Traditionally, retail banks have used branches, ATM, call centers, mobile, and Internet to interact with their customers, though newer direct channels such as social media have emerged recently. Branches have always played an important role and remain a key banking channel. However the changing needs and preferences of customers, coupled with growing technological innovations, has led to the increased popularity and

Question. 6. Describe the concept of Inter Bank Settlements. Give examples.What do you understand by Intra Day Liquidity ? Give examples.

Answer: In the non-cash payment system money is transferred from a payer's account to a payee's account. This means that the operating of the non-cash payment system is reserved to financial institutions - banks with which clients deposit their money on accounts. Banks execute the payments based on their clients' instructions

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