ING VYSYA BANK

Project :- “RETAIL CREDIT”

Presented by:- Sapna Kumawat

BANKING INDUSTRY

Banking system of a nation is the shadow of nation’s economy.

The Indian banking system, is one of the largest banking network in the world.

Banking in India originated in the last decades of the 18th century. The first banks were The General Bank of India, which started in 1786.

The oldest bank in existence in India is the State Bank of India.

In 1949, the Banking Regulation Act was enacted which empowered the Reserve Bank of India (RBI) "to regulate, control, and inspect the banks in India.“

In 1969 government nationalized the 14 largest commercial banks.

There are 27 public & 30 private sector banks in India.

OVERVIEW OF ING VYSYA

ING group originated in 1990 from the merger between “Nationale Nederlanden” the largest Dutch Insurance Company and “NMB Post Bank” Group.

ING serve more than 85 million private, corporate and institutional customers in Europe, North and Latin America, Asia and Australia.

‘I-N-G’ Internationale Nederlanden Group

Logo Lion

ING VYSYA BANK CRISIL has assigned a Composite

Performance Rank of "CRISIL~CPR 1* Open End Debt Schemes, March 2009" to ING Income Fund).

ING is present in all three fields of banking, insurance and asset management in the form of ING, ING Vysya Life Insurance and ING Investment Management respectively

OBJECTIVE OF THE STUDY

To thoroughly study the products & services of ING Vysya Bank.

To study the customer’s expectations, behavior, responses & preferences for various credit of ING Vysya Bank.

To study the financial & marketing strategies adopted by ING Vysya Bank to maintain & increase its market share & to retain its customers.

To study banking operations.

RETAIL CREDIT

Credit granted by a firm to consumers for the purchase of goods or services.

Retail Credit also known as consumer loans differ from commercial loans, as no comprehensive analytical appraisal format applies to these loans.

Retail credit

Home loan

Home equity loan

NRI

Home loan

Education loan

Auto loan

Personal loan

Home LoanFeatures and benefits

Attractive Interest Rates. Funding upto 85% of the cost of Property. Floating Rate loans linked to HPLR i.e.

Home Loan Prime Lending Rate. EMI on a monthly reducing balance method. Flexible Repayment Options, Maximum

Loan Tenor upto 20 years. Nil penalty on partial pre-payments.

Home Loan starting from Rs. 5 lakhs upto Rs. 3 crores .

Min.Gross Annual Income: Salaried Employees Rs.1,20,000/= Self-employed Professionals Rs.

1,00,000/= Self-employed Businessmen Rs

1,50,000/=

Home Equity Loan

UNIQUE FEATURES

Attractive Interest rates. Floating Rate loans linked to ING HPLR -

Home Loan Prime Lending rate. EMI on a monthly reducing balance method. Nil penalty on partial pre-payments.

Min. Net Monthly Income: Rs.10,000/= per month.

Min Loan Amount : Rs. 5 Lacs and Max Loan Amount Rs. 200 Lacs.

NRI Home Loan 

ING's NRI Home Loans are offered to all NRI's for the purchase, construction, repair /renovation /alteration of a house or a composite loan.

Loan Amount :

Minimum amount of the loan is Rs. 5 Lacs. Maximum amount is Rs. 300 Lacs

Eligibility:

Home loan:

Resident Indian citizens can apply in their individual capacity or jointly: -

Salaried employees aged 23 and above on

application; and aged 60 or retirement age, whichever is sooner, at loan maturity.

Self-employed professionals and businessmen above 25 years of age; and aged below 65 years, at loan maturity.

Education loan:

He/she should be around 16-26 years of age.

 He/she should have a good academic track record.

He/she should have parents or guardians with stable source of income.

NRI Home Loan: 

Should have attained the minimum age of 18 years.

Should have a valid Indian Passport. a regular salary of not less than USD.

60,000 p.a. Should be currently residing in any

approved countries.

Security :

Mortgage of property by deposit of title deeds or as per the existing guidelines .

Guarantor wherever applicable. 

SWOT ANALYSIS OFING VYSYA BANK

INTERNAL ENVIRONMENT ANALYSIS

Strengths

ING as one on the biggest financial MNC. 7th in 500 fortune.

Only foreign bank which has acquired an Indian private bank (Vysya Bank).

Higher rate of interest than other private banks.

Most of the financial plans are legalized under 80(ccc).

Unique features with different kinds of accounts.

Weakness  Very few branches.  Less variety of

financial/banking products.

EXTERNAL ENVIRONMENT ANALYSIS

Opportunities 

  Increase in

different kind of financial products.

  NGO and Public

Relations.

Threats

 

Presence of two top private banking players in the market (ICICI & HDFC).

  Large market share

already captured. 

Limitation s

No customer interaction.

Limited scope.

Lack of customer awareness.

Time duration is 45 days only, so much of economic fluctuations are not seen.

conclusion Housing constitutes the biggest segment of

48% of the entire retail credit; followed by the auto loans segment which constitutes almost 27.8%.

Public sector banks (PSBs) are more focused on the educational loans segment.

The rural market uprising is a recent phenomenon, which has immense growth potential.

THANK YOU