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STUDY ON BANKING OPERATION IN AXIS BANK LTD 1  BANKING OPERATIONS  Executive Summary Banks play very important role in the economic life of the nation. The health of the economy is closely related to the soundness of its banking system. Although banks create no new wealth but their borrowing, lending and related activities facilitate the process of production, distribution, exchange and consumption of wealth. In this way banks become very effective partners in the  process of economic development.  The study is done on the Banking Operation in  AXIS BANK  LTD..This project gives an overview of various banking operation. The study is done in three areas of banking operations are µClearing¶, µForeign Exchange¶ & µNRI Services¶. CMS (Cash Management Services) in which payments received from buyers and made to the suppliers are efficiently processed to optimi ze cash fl ow position and to en sure the effective management of the business' operating funds. Axis bank cash management enables the efficient utilization of receivables through coordinated management of payments, collections and balances in customer accounts. Starting from the Clearing, the operations focus on the understanding of how clearing process is done and how it benefits the bank and also to its customers. The main objective of Clearin g is to speed up the collection of cheques. Clearing operation  denotes all activities from the time a commitment is made for a transaction until it is settled .Study provides knowledge of various clearing attributes which are important from bank po int of view. ³Foreign Exchange¶ basics was the another important part to come across in which basic concepts of foreign exchange is enhanced. Foreign exchange market µForex¶ deal with the exchange of currencies with different countries all across the globe. The main objective of Forex is to ensure liquidity for worldwide operations and maintain access to local credit markets. A study has been done as how Forex helps in making margin and also the various parameters of Forex like the participants, rates of transactions, concept o f SWIFT, letter of credit, etc.  NRI services was the another thing to deal with. NRI services are related to nonresident Indian and various lists of services offered by Axis bank which include remittance facilities, various accounts for the customer, and the most importantly Portfolio Investment Scheme (PIS). The main objective of NRI services is to provide outstanding personalized services to meet the needs of customer worldwide. NRIs are permitted to invest in shares/convertible debentures of Indian companies by RBI under po rtfoli o invest ment scheme.

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