AXIS BANK

GREEN PARK MARKET PHASE 2

NEW DELHI- 16

INTRODUCTION :

• Axis Bank, previously called UTI Bank, was the first of the new private banks to have begun operations in 1994, after the Government of India allowed new private banks to be established.

• hold a special position in the Indian capital markets and has promoted many leading financial institutions in the country.

• The bank changed its name to Axis Bank in April 2007 to avoid confusion with other unrelated entities with similar name

• Shikha Sharma was named as the bank's managing director and CEO on 20 April 2009

Objectives of Bank

Management of people wealth making it possible for millions to

enjoy life Caring for your MONEY Satisfaction of the concerned clients

SERVICES

 1. CARDS  Gold plus & gold

card Silver plus & silver

card

2. Corporate banking

Normal current Accounts

Trust/NGO saving Accounts

SERVICES 3. LOANS & ADVANCES  Personal loan Housing loan Cards Consumer durables Auto loan

INFORMATION SYSTEM

An information system(IS) is typically considered to be a set of interrelated elements or components that collect(input), manipulate(processes), and disseminate (output) data and information and provide a feedback mechanism to meet an objective

Axis Bank has implemented a new derivatives system Summit FT

provided by MISYS, it is a global financial applications provider

The system will provide the bank with the ability to structure derivative products in real time, reduce time to market, and give a single view of the entire transaction to the customer.

The RBI favours transparent online systems that can track every transaction and report it exactly as it is

COMPUTER BASED INFORMATION SYSTEM

An Information System is an organized combination of people, hardware, software, communication networks and the data resources that collects, transforms and disseminates information in a organization

 ORGANISATION COMPUTING RESOURCES

A software system for derivatives valuation and risk management has been adopted & implemented i.e. RISKOMPASS

provided by pyxis system, basically a pune based company that provide on net solution for different bank in India as well in world.

Supporting the industry standard FpML (Financial Product Markup Language) protocol, it can manage valuation and risk management of a broad range of derivativesinstruments.

Corporatedatabasesofinternaldata

Databasesofexternaldata

Databasesofvalidtransactions

Operationaldatabases

Transactionprocessingsystems

Managementinformationsystems

Decisionsupportsystems

Executivesupportsystems

Expertsystems

Businesstransactions

Input anderror list

Drill-down reports

Exception reports

Demand reports

Key-indicator reports

Scheduledreports

Employees

Corporateintranet

Applicationdatabases

The implementation will provide the bank with an automated system that reduces manual effort to streamline its operations

The benefit envisaged by the bank is that everybody being on the same system it can be accessed by anyone on the different locations of the bank

 The solution will result in smoother deal processing, with verifying andonline risk monitoring mechanism.

The solution is on a .NET platform, and will operate on the Windows operating system

The database employed is Oracle 9i

 

MIS IMPLEMENTATION

Earlier Manullay

DMS-2000-2001

From 2006

Conceptualizations of MIS

A management information system

(MIS)is a subset of the overall internal controls of a business covering the application of people, documents, technology and procedures by management accountants to solving the business problems such as costing a product, service or a business wide strategy.

Objectives of MIS

To provide the type of information environment that will integrate the basic operating functions.

To provide management with access to information relative to complex activities in decentralized organizations.

Coordinating Funds activity

between banks and their clients.

Pick-up and processing cheques / Drafts / Documents from clients.

Back office support for Bank clearances and to expedite remittances.

Follow-up with correspondent banks to expedite the early clearance of cheques and remittances against the same.

Follow-up with your correspondent banks for old outstanding amount of up country cheques sent for clearance.

Management Services.

Specialized collection of cheque and tracking of same and reporting at the frequency mentioned by the client.

Collection of Duplicate DDs against the lost / mutilated or time barred instruments.

Bulk cheque processing.

Processing & Encoding of clearing cheques.

Data Processing, Reconciliation & Data Management.

High quality scanning assignments

Verification & Processing of insurance proposal forms.

Management Services.

Other Services…

Management of “DROP BOXES” and complete process of collections including MIS Reporting.

Delivery and tracking of documents/bills to customers.

Verification, physical as well as telephonic of addresses and details of new subscribers.

Complete handling of IPOs i.e. collection of subscription forms from syndicates, data entry of the forms and encoding of cheques.

Completely handled around 15-20 IPOs like IGL, GAIL, ONGC, PTC,TCS, NTPC etc as a team member of Kotak Mahindra Bank, IDBI, Standard Chartered bank etc.

Verification of the details of the prospective clients for telecom companies.

Change in the organization after mis implementation

Timeliness Accuracy Consistency Completeness Relevance

Axis bank new mobile payment method  

Axis Bank is in advanced stages of beta testing a new method of using java enabled mobile phones to make payments.

After this mobile payment method is implemented, users can swipe their mobile phone and conduct various transactions, which were earlier possible using the credit cards.

Atom Technologies innovated a technology, which will enable mobile payments. Atom card- a product developed by the company and the accompanying software can embed a user's credit card data

Electronic Clearing Service 

ECS Credit is an electronic clearing system that facilitates paperlesstransaction through an offline system. Axis Bank facilitates ECSCredit at all ECS designated locations

NEFT(Nominee Electronic Fund Transfer)

To establish an Electronic Funds Transfer System to facilitate an efficient, secure , economical, reliable and expeditious system of funds transfer and clearing in the banking sector throughout India. E.g. fund transfer for railway E-ticket & Flight E- ticket

RTGS(Real Time Gross Settlement)

RTGS System is a payment settlement system that minimizes the

credit risk in the prevalent cheque clearing system. Under RTGS the

funds are settled on a near real time basis across Banks in different

locations. Bank offers this immediate electronic fund transfer facility

to RTGS enabled bank branches across through the country its

designated RTGS enabled locations.

ORGANISATION TRANSACTION PROCESSING SYSTEM:

 

EBS (E-Billing Solutions) is the Merchant Account providing company

partnered with Axis Bank that visualizes you how to become more

competitive and help you to make the changes to your online payment

processing for risk free business.

FLOW DIAGRAM OF TPS OF AXIS BANK

WORKING PROCESS:

Step 1: Customer select and adds item in the shopping cart And places the order on your (merchant) website. Step 2: Customer selects to pay via credit card . Step 3: Customer is redirected through EBS Payment Gateway to Transaction Processing Bank.

Step 4: Customer enters credit card details on Secured Payment page.

Step 5: Credit card information is transmitted securely to the corresponding bank for approval.

Cont’d

Step 6: Corresponding bank sends appropriate information to the transaction Processing bank.

Step 7: The result is forwarded to EBS (via the Transaction Processing Bank).

Step 8: Customer receives a confirmation and is redirected to your (merchant) website.

Comprehensive MIS

We provide comprehensive MIS reports like daily report, transaction report future credits reports and cheque returned unpaid report. On the payments side we provide daily paid – status for the demand drafts, cheques or warrants issued by yourOrganization.

Outputs of a MIS

Scheduled reports Produced periodically, or on a schedule (daily,

weekly, monthly) Key-indicator report

Summarizes the previous day’s critical activities Typically available at the beginning of each day

Demand report Gives certain information at a manager’s request

Exception report Automatically produced when a situation is

unusual or requires management action

Thank you

Presented by:

Pratosh pandey Preeti kukreja Ravi sahu vineet