Copy _2_ of Raw Data Project PDF

7/29/2019 Copy _2_ of Raw Data Project PDF

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Company History - Bank of MaharashtraYEAR EVENTS

1969 - The Company was I ncor por ated on 19t h J ul y. The Bank i s aGovernment of I ndi a undert aki ng and carr i es on al l t ypes ofbanki ng busi ness. The Bank was brought i nto exi st ence by an

ordi nance i ssued on 19t h J ul y, by t he Cent r al Gover nment . I nt erms of t he Or di nance, t he undert aki ng of `The Bank ofMahar ashtr a Ltd. ' was t r ansf er r ed t o and vest ed i n the new

bank.The or di nance was r epl aced by t he Banki ng compani es ( Acqui si t i onand Transf er of Undert aki ngs) Act , 1969. The Act was decl arednul l and voi d by t he Supreme Cour t on 10t h Februar y,

1970. An Or di nance was t her eupon promul gat ed whi ch was l at t er r epl aced byt he Banki ng Compani es ( Acqui si t i on and Transf er of Undert aki ng)Act , 1970 whi ch was made ef f ect i ve r et r ospect i vel y f r om19t h J ul y.

- Under t he `Lead Bank Scheme' t he Bank was al l ot t ed 5di st r i ct s

of Mahar asht r a, vi z. Pune, Sat ar a, Nasi k, Aur angabad

( j oi nt l ywi t h Cent r al Bank of I ndi a) and Thane. Sur veys were

car r i ed outi n t hese di str i cts f or t he i dent i f i cat i on of growt h

cent r es.

1970 - The Bank opened 39 br anches i n these f i ve `Lead Bank'di st r i ct s

out of t he t ot al of 47 br anches opened. The Bankcont i nued t o

f ol l ow t he scheme i n t he subsequent year s and anot herdi st r i ct

was al l ot t ed t o i t .

1976 - I n August , t he Bank sponsored a regi onal r ural bank under t hename `The Mar at hwada Gr ami n Bank Lt d. , ' Nanded.

1980 - Rs. 81, 30, 725 capi t al i sed f r omReserve Fund.

1982 - One mor e Regi onal Rural Bank was sponsor ed on 7t h December,under

t he name Aurangabad- J al na Gr ami n Bank Lt d. I n t hesubsequent

years, another RRB under t he Thane Gr ami n Bank wassponsored by

t he Bank. These t hree RRBs t oget her had 312 branches asat the

end of Mar ch 1994.

1984 - Rs. 12 l akhs cont r i but i on by Government .

1985 - Rs. 1, 308 l akhs cont r i but ed by Gover nment .

1986 - Rs. 800 l akhs cont r i but ed by Gover nment .



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1996 - The bank opened t wo ext ensi on count ers at Gogal ( Goa) andKhandal a

( Rat nagi r i ) dur i ng t he year .

- The bank i nt r oduced a new mot i vat i onal scheme t i t l ed TheBest Col l eague Scheme)

t o encour age, r ecogni se and mot i vat e si ncer e,mer i t ori ous and hel pf ul st af f members.

- The Bank l aunched a maj or comput er i sat i on programme wi t ht he basi c obj ect i ve of

maki ng use of t he l at est devel opment s i n i nf ormat i ont echnol ogy t owards bet t erment

of cust omer ser vi ce and i mprovement i n housekeepi ng.

- Shr i . V. Leel adhar, has been appoi nt ed as t he Execut i veDi r ect or of t he Bank vi de t he

Government of I ndi a, Mi ni st r y of Fi nance, Depart ment ofEconomy Af f ai r s.

1999 - The bank i nt r oduced i t s t el ebanki ng servi ce, whi ch i s t hef i r s t

of i t s ki nd by any of t he nat i onal i sed bank i n t her egi on.

- The bank has al so set up a core credi t moni t ori ng cel l ati t s

headquar t er s i n Pune t o cont i nuousl y assess t heper f or mance

r eport of borr owers ( above Rs. 25 l akhs) , whi ch woul dbe

pr ovi ded by r egi onal and zonal cent r es.

2000 - Bank of Maharasht r a ( BoM) i s l aunchi ng i t s new cashmanagement

pr oduct .

- The Expor t I mport Bank of I ndi a ( Exi m Bank) i s sl at ed t osi gn a

Memor andum of Underst andi ng ( MoU) wi t h Bank of

Mahar asht r a (BoM)on Febr uary 28 f or pr ovi di ng advi sory ser vi ces on exportf i nance.

- BoM l aunched i t s i nf or mat i on technol ogy t r ai ni ngi ns t i t ute, the

f i r st of i t s ki nd i n banki ng i ndust r y i n t he count r y.

- Sukomal Chandr a Basu has succeeded Madan Mohan Vai sh ast he Chai r man


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and Managi ng Di r ect or of t he Company.

- Bank of Maharasht r a (BoM) , a publ i c sect or ( PSU) bank, hasf ormed an equal j oi nt

vent ur e wi t h Magi c Sof t war e, an I sr ael i sof t war edevel oper and i t s I ndi an subsi di ar y.

2004

- Comes out wi t h Rs 230 cr ore publ i c i ssue of equi t y shares( 100, 000, 000 equi t y shar es of Rs 23 each) , i ssue over subscr i bed 10. 5t i mes

- Baj aj Aut o and Bank of Maharasht r a ( BoM) have si gned a st r ategi cal l i ance t o of f er t wo- wheel er l oans i n I ndi a.

2005- Bank of Maharasht r a has i nf ormed t hat Mr s. Li l a F Poonawal l a,Di r ect or r esi gned f r omt he Di r ect orshi p of t he Bank and she st andsr el i eved f r om her Di r ect or shi p wi t h ef f ect f r om August 01, 2005

2006

- Bank of Maharashtr a t i es up wi t h Uni t ed I nsur ance Company

2007

- Bank of Mahar asht r a and Li f e I nsurance Corpor at i on of I ndi a havet ogether unvei l ed two products, Maha Sur aksha Deposi t Scheme andMahaGr i h Suraksha scheme.

2009

- Bank of Mahar asht r a has i nf ormed that i n t erms of gui del i nes of t heRBI vi de l et t er dat ed December 01, 2008, t he Bank has appoi ntedf ol l owi ng f i ve Char t er ed Account ant s f i r ms as St at ut or y Cent r alAudi t ors ( SCAs) of t he Bank f or t he year 2008- 09.

1. M/ s. C R Sagdeo & Co. , Nagpur

2. M/ s. Shah Bahet i Chandak & Co. , Nagpur

3. M/ s. Wahi & Gupt a, New Del hi

4. M/ s. V C Gaut am & Co. , New Del hi

5. M/ s. B Chhaawchhar i a & Co. , Kol kat a

The appoi nt ment M/ s. B Chhawchhar i a & Co. , Kol kat a i s made i n pl aceof M/ s. S K Meht a & Co. , whose term was compl eted. The ot her audi t orsare r eappoi nt ed f or cont i nui ng as SCAs f or t he year 2008- 09.

Source : Dion Global Solutions Limited


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BankofMaharashtra(Marathi:)isthepremierbankofMaharashtra,operatinginthecountryofIndia.Registeredon16thSept1935withanauthorizedcapitalofRs10.00lakh

andcommencedbusinesson8thFeb1936.

Knownasacommonman'sbanksinceinception[citationneeded]

,itsinitialhelptosmallunitshas

givenbirthtomanyoftoday'sindustrialhouses.Afternationalizationin1969,thebank

expandedrapidly.Itnowhas1375branches(asof31March2008)alloverIndia.TheBankhas

thelargestnetworkofbranchesbyanyPublicsectorbankinthestateofMaharashtra.The

BankwasfoundedbyagroupofvisionariesledbytheLateV.G.KaleandtheLateD.K.Sathe

andregisteredasaBankingCompanyon16September,1935atPune.Today,Bankof

Maharashtrahasover12millioncustomersacrossthelengthandbreadthofthecountryserved

through1577branchesin23statesand2unionterritories.[citationneeded]

Ason30.09.2011Bankhas1564BranchesinalloverIndia.

Mission

To ensure quick and efficient response to customer expectations.

To innovate products and services to cater to diverse sections of society.

To adopt latest technology on a continuous basis.

To build proactive, professional and involved workforce.

To enhance the shareholders wealth through best practices and corporate governance.

To enter international arena through branch network.

To be a vibrant, forward looking, techno-savvy, customer centric bank serving diverse sectionsof the society, enhancing shareholders' and employees' value while moving towards globalpresence.

Our Logo


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The Deepmal

With its many lights rising to greater heights.

The Pillar

Our institution- Symbolising strength.

The Diyas

Our Branches- Symbolising service.

The 3 M'ssymbolising

Mobilisation of Money

Modernisation of Methods and

Motivation of Staff.

Milestones in the journey for nation building:

Registered on 16-09-1935

Commitment stated in the prospectus issued on 21-10-1935:

Steadily to spread its business operations all over Maharashtra and as opportunity allows,outside that area offering varied services to the general public while trying to be useful to trade ,commerce and industry consistently with high standards of safety and efficiency

1936 : Commenced operations on 08-02-1936 in Pune

1938 : Second branch of the bank was opened in 1938 at Fort, Bombay.

1940 : Third branch came up at Deccan Gymkhana, Pune

1944 : Status as Scheduled Bank obtained

1946 : Deposits crossed Rs One crore markFormed fully owned subsidiary, The Maharashtra Executor & Trustee CompanyFirst branch outside Maharashtra opened in Hubli (Mysore Starte, Now Karnataka)

1949 : Expansion to AP: Hyderabad branch opened

1963 : Expansion to Goa: Panjim Branch opened


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1966 : Expansion to Madhya Pradesh: Indore branch openedEntered in Gujarat: Baroda branch opened

1969 : Nationalised alongwith 13 other BanksEntry in Delhi by opening Karolbagh branch on 19-12-69

1974 : Deposit base crossed Rs. 100 Crore mark

1976 : Marathwada Grameena Bank, first RRB established on 26-08-1976

1978 : New Head Office building inaugurated by Hon'ble Prime Minister of India Shri.Morarji DesaiDeposits crossed the figure of Rs.500 Crores

1979 : Mahabank Agricultural Research and Rural Development Foundation, registered asa public trust, was established for undertaking research and extension work and toprovide more extensive services to farmers.

1985 : 500th branch in Maharashtra state was opened at the hands of the then Prime Minister,Mrs Indira Gandhi at Nariman Point, Mumbai.

First Advanced Ledger Posting Machine (ALPM) was installed at the branch.Golden Jubilee Year Celebrations launched at the hands of Dr. Manmohan Singh,Governor Reserve Bank of India

1986 : Thane Grameena Bank sponsored

1987 : The 1000th branch of the Bank was inaugurated at Indira vasahat, Bibwewadi, Pune atthe auspicious hands of Dr.Shankar Dayal Sharma, the Honourable Vice President ofIndia

1991 : "Mahabank Farmer Credit Card " was launchedEntered in to Domestic Credit Card BusinessMain Frame Computer installed

Became member of the SWIFT1995 : Diamond Jubilee Celebrations - Dr C Rangarajan the RBI Governor was the Chief

GuestDeposits crossed Rs 5000 crore mark

1996 : Moved into A category from the earlier C category. Autonomy obtained

2000 : Deposits crossed Rs 10000 crore mark

2004 : Public Issue of Shares 24% owned by PublicListed in BSE and NSE

2005 : Bancassurance and Mutual Fund distribution business started

2006 : Crossed total business level of Rs.50,000 CroreBranch CBS Project started

2009 : Entered in to 75th year of dedicated service to the NationAdopted 75 underdeveloped villages for integrated overall development

2010 : 100% CBS of branches achievedTotal Business crossed Rs One lakh croreOpened 76 branches in the Platinum Year taking the total to 1506


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Housing Loan Scheme

List of approved Builders by Bank of Maharashtra (City Wise)

Bangalore Chennai Solapur Pune Nasik Delhi

Purpose Buildyourownhouse Purchasenewhouse/Flat(OldorNew) Repairs/Renovationofexistinghouse

Eligibility

Salaried

Persons,

Professionals,

Businessmen

with

sufficient

disposable

income.Farmershavingminfiveacresofirrigatedlandholding.Non

ResidentIndiansarealsoeligible.

Age Minimum21years Maximum50yrs.forsalariedpersons.

Maximum55yearsforotherthansalariedpersons

QuantumofLoan: Forsalariedclass

50timesofGrossSalaryor60timesofNetMonthlysalarywhicheveris

highersubjecttoapplicablemargin

ForBusinessmen

Equaltoavgannualincome(Netprofit+Depreciation)oflast3yrsX4

times(B/S,ITreturns)Alsonoterepaymentofanyothertermliabilities.

ForFarmers

4timesofavgannualnetincome.CrosscheckGrossincome,land

holding,croppingpattern,SugarFactory/APMC/otheragenciesbillsetc.

Ensureforrepaymentcapacity&repaymentexperience.Ifjointly

owned,considerjointholdersincome

MaximumLoanQuantum: NomaximumlimitforMetro/Urbanarea

Rs.15lakhinSemiUrban/Ruralarea

Rs.5lakhforrepairs/renovationinallareas


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Deductions TotaldeductionsincludingproposedEMIshouldnotexceed65%of

grossmonthlysalary/annualincome.

Security UptoRs25000/ OneGuarantorwithsufficientincome/networth

AboveRs

25000/

Equitable/Regd.

Mortgage

of

property

or

Equal

amountofpapersecurity(NSCs,FDRsofourBanketc.excludingshares)

guaranteeofthespouse,guaranteeofrelativeswhoseincomeis

consideredforquantum

Insurance Forfullvalueagainstfire/EarthquakeetcwithBanksclause.

ClickheretoviewtheInterestRateofHousingLoan

1. Actualsearch&titleverificationchargestobebornebytheborrower,tobepaidtotheempanelled

Advocate.

2. Valuationchargestobebornebyborrower,tobepaidtoempanelledvaluer3. StampdutyonvariousdocumenttobeexecutedbytheborrowerapplicableasperState

StampAct.

4. Documenta

tion

chargesas

given

below:

5. ProcessingFees:6.

Loanamount Charges

ForcreditfacilitiesUptoRs.2.00Lakh Nil

Rs.2,00,001/

to

Rs.10,00,000/

Rs.500/

Rs.10,00,001/ toRs.50,00,000/ Rs.1,500/

Rs.50,00,001/andabove Rs.5,000/

LoanSlab

Processing

fees

LoanuptoRs.25.00lakh NIL(till3062012)

LoanaboveRs.25.00lakh 0.50%(Max.Rs.50,000/)


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PrepaymentPenalty:

ForFloatingRateloans:NIL

ForFixedRateloans:

a)

NIL,

if

closed

from

own

sources

b)2%onprincipaloutstandingiftheloanistakenoverbyotherBanks/FIs

LifeInsurance:NA

Social Responsibility

Bank's Rural Development Centres at Hadapsar and Bhigwan are undertaking vaiousdevelopmental activities for the benefit of the famers vi. Lab to Land project, reuse /rehabilitation of Saline Soil and advice on scientific use of inputs for optimum results.

The Mahabank Agricultural Research and Rural Development Foundation (MARDEF) is activein socio-economic development of villages by encouraging farmers to take diversified activitieslike dairy, EMU farming, goat rearing, grape cultivation, horticulture and scientific use ofvarious inputs like fertilizers etc. The foundation assists farmers, especially small and marginalfarmers, in receiving timely bank credit.

The Bank has established Five Mahabank Self Employment Training Institutes (MSETI), oneeach at Pune, Aurangabad, Nagpur, Nasik and Amravati. These provide training to rural youthand women for self employment. A total of 4605 candidates have been trained by the institutesso far.

Gramin Mahila Va Balak Vikas Mandal (GMVBVM), an NGO formed in 1989 by Bank ofMaharashtra, is actively involved in formation, nurturing of SHGs and facilitating linkage toBank Credit. The GMVBVM also helps SHGs to market their products through two sales outlets


10/15

in Pune City named SAVITRI. GMVBVM assists the SHGs to secure quality raw material andinputs for their products and extends marketing and sales support. Matured SHGs are assisted toupgrade into Small and Medium Enterprises. GMVBVM has been declared as Mother NGO byGovt. of Maharashtra.

The Mahabank Vidarbha Shetkari Jagruti Abhiyan, a joint effort of Bank of Maharashtra andHanuman Vyayam Prasarak Mandal has reached out to more than 5750 Farmers in distress in sixdistricts of Vidarbha through counselling and training sessions

I] Loanschemes

1]LoanSchemeforExporters

ObjectiveoftheScheme:

Toprovidebettertermsofcreditincludingratesofinteresttoalleligibleexporters,includingthose

undersmallandmediumsector,comparedtothoseextendedtootherexportersbytheBank.

2}LoanSchemeforIndividuals

Loansagainstdeposits Ifyouhaveanytermdepositwithusyoucaninemergenciesalways

availofthisfacilitywhichweoffer.

3]LoanSchemeforProfessionalsandSelf-Employed

Topurchaseequipment/repairs/renovationtoexistingequipment,purchaseoftools,workingcapital

requirements,acquiring/repairingbusinesspremises.

4]HousingLoanScheme

Build your own house

Purchase new house/Flat (Old or New)

Repairs/Renovation of existing house


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5]MahabankAdharScheme

PersonalexpensesandgivenonlyforPensioners

6]LoanSchemeforCorporates

The Bank finances the corporate sector for its business activity and for setting up units,modernisation, diversification and upgradation.

Such finance is extended in the form of

Funded facilities Non Funded facilities

Funded facilities

1.

Term

Loans

:

Repaymentininstalmentsoverafixedtime.

2. CashCredit:Runningaccountfacility.

3. BillDiscounting:Inthenatureofpostsaleslimit.

Non Funded facilities

Letter of Credit facility to facilitate purchase of material / goods. Letter of Guarantor facility for the issuance of Guarantee in the nature of bid bonds,

performance bonds, etc.

For finance of International trade, the Bank provides Working Capital facility to

Exporters Importers

Exporters

Working Capital finance can be availed at

Pre-shipment stage Post shipment stage

At thepre-shipment stagefinance is provided in the form of Packing Credit Purpose :

For procuring / manufacturing of goods meant for export.

At thepost shipment stageexport finance is provided by way of


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Negotiation / Discounting of Export Bills, Rupee advances against collection bills, Advance against Export incentive.

For Importers

For Importers Funded Working Capital finance by way of cash credit facility and nonfunded Working Capital finance by way of Import Letter of Credit facility is provided tocorporates who are importers.

Loan Scheme for Entrepreneurs

For the endeavouring entrepreneur who dreams of setting up an enterprise, the Bank has anumber of financial schemes.

To service the industrial sector the Bank has Industrial Finance branchesatMumbai andPune.

SSI branches at Pune, Mumbai, Krishnanagar Satara, Piraman Gujarat, Satpur Nasik andI.E. Thane.

Finance can also be availed at any other branch of the bank.

The Bank finances the Industrial Sector for setting up a unit for modernization, diversification,upgradation, expansion.

Bank finance can be availed in the form of :

TermLoanforacquisitionofmachineryandfixedassets. WorkingcapitalbywayoffundedCashCreditlimit. NonfundfacilitiesintheformofLettersofCredit/LettersofGuarantee.

7]LoanSchemeforEntrepreneurs

For the endeavouring entrepreneur who dreams of setting up an enterprise, the Bank has anumber of financial schemes.

To service the industrial sector the Bank has Industrial Finance branchesatMumbai andPune.

SSI branches at Pune, Mumbai, Krishnanagar Satara, Piraman Gujarat, Satpur Nasik andI.E. Thane.

Finance can also be availed at any other branch of the bank.


13/15

The Bank finances the Industrial Sector for setting up a unit for modernization, diversification,upgradation, expansion.

Bank finance can be availed in the form of :

TermLoanforacquisitionofmachineryandfixedassets. WorkingcapitalbywayoffundedCashCreditlimit. NonfundfacilitiesintheformofLettersofCredit/LettersofGuarantee.

8]GOLDCARDSCHEMEFOREXPORTERS

Toprovidebettertermsofcredittoalleligibleexporters,includingthoseundersmallandmedium

sector,comparedtothoseextendedtootherexportersbytheBank.

9]MahabankRenewableEnergyEquipments

TopromoteadoptionofrenewableenergypracticesanduseofSolarHomeSystems.

10]SalaryGainScheme

Tomeetpersonalneedsofthecustomerswhoaresalaryearners.

11]VehicleLoanScheme

PurchaseofNew4or2wheelers/Secondhand4wheelersupto3yrsold.

12]MahabankPersonalLoanScheme

TomeetpersonalExpenses.

13]MahadeepSolarHomeSystems

Toinstallsolarhomesystemsfordomesticuseaswellasforentrepreneurstoestablishcentralbattery

chargingstations

and

hire

out

solar

lights

to

small

businesses

such

as

street

hawkers

and

households

on

dailyfeebasis.

14]ConsumerLoanScheme

PurchaseofConsumerDurables/Computer.

15]TopUpLoanforHomeloanborrowers

Existinghomeloanborrowersnotbeyondageof60yearsareeligible,butonlyafterminimum24

monthlyinstallmentsarepaid.

16]MahaGoldLoanScheme(LoanagainstGoldOrnaments)

Thescheme

is

implemented

through

176

selected

branches

of

the

bank

across

India

as

per

the

list

enclosed.


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I I] Deposits scheme

1] Saving Bank Scheme

A] Mahabank Deposits

Any individual can open savings bank account singly or jointly. SB Account of minors can beopened jointly with natural guardian/legal guardian. The applicant should furnish identity andaddress proof as given in account opening form (CIF for individuals), two photographs & PANnumber/Form No. 60/61 while opening new account. In case the customer is unable to give anydocumentary proof of identity & address, to the satisfaction of the bank, the account can beopened with the introduction from existing account holder who has been subjected to full KYCprocedure & having satisfactory operations in the account for over six months.

B] Yuva Scheme New Scheme for Students :

With a view to making children develop the habit of banking and also to make them our futurecustomers, we have introduced suitable scheme for kids / children / students.

C] Mahabank Lok Bachat Yojana

To enable people belonging to bottom of the pyramid (Low income group) to open an accountwith the Bank.

I I] Current Deposits

A] Mahabank Current Account Scheme

Any individual, proprietorship or partnership firm or a legal person i.e. Institution or a Companyor Trust, Corporate Bodies, Government / Semi-Government Departments, a developmentalAgency formed by Government, can open a Current Account. Application for opening theAccount should be tendered in Account opening form prescribed by the Bank The applicant / sshould fulfill KYC norms by furnishing identity and address proof, two photographs & PANnumber / Form No. 60 / 61 while opening new account as applicable to the constitution ofapplicant and as mentioned in the form.

B] Current Account Scheme Pearl, Sapphire & Diamond

III] Term Deposits

A] Mahabank Term Deposit Scheme

Individual or HUF Tenure of the Deposit

Not less than 5 Years - Maximum up to 10 Years.


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B] Recurring Deposit Scheme

AnIndividual,firm,partner&company,canopenrecurringdepositaccount.Evenaminorcanopen

Recurringdepositaccountwithus.ItisidealforDoctors,Engineers,Businessmen,students,household

womenetc.

C]MonthlyInterestDepositsScheme

Mahabank'smonthlyinterestdepositschemeofferstheconvenienceofgettingmonthlyincome,just

likeanaddedincometonormalearnings,makingitpossibletoplanmonthlybudget.

D]CumulativeDepositScheme

Mahabank's Cumulative deposit scheme gives a rate of return much higher than the apparent rate statedon the deposit receipt as this deposit earns an interest on quarterly compounded basis.

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Copy _2_ of Raw Data Project PDF