SIDDASIRI PATTIN SHOUHARD SAHAKARI NIYAMITH

SIDDASIRI PATTIN SHOUHARD SAHAKARI NIYAMITH BIJAPUR.

INDUSTRY PROFILE

The Co-operative Bank is a commercial bank in the United Kingdom and Guernsey, with its headquarters in Manchester.

The bank markets itself as an ethical bank, and refuses to invest in companies involved in the arms trade, global climate change, genetic engineering, animal testing and use of sweated labour as stated in its ethical policy. The ethical policy was introduced in 1992.^[2] In 2002, Co-operative Group Limited brought the bank and Co-operative Insurance Society under the control of a newly incorporated holding society, Co-operative Financial Services.

The Bank was formed in 1872 as the Loan and Deposit Department of Manchester's Co-operative Wholesale Society, becoming the CWS Bank four years later. However, the bank did not become a registered company until 1971.^[3] In 1975, the bank became the first new member of the Committee of London Clearing Banks for 40 years ^[4] and thus able to issue its own cheque.

In 1974 the Co-operative Bank has offered free banking for personal customers who remain in credit. It was also the first Clearing Bank to offer an interest-bearing cheque account, in 1982.

COMPANY PROFILE.

LOCATION:SIDDASIRI PATTIN SHOUHARD SAHAKARI NIYAMITH, BIJAPUR.

Dist; BIJAPURA

PHONE: 08352-645215

FAX: 08352-224177

E_MAIL: siddhasiriltd@gmail.com

ESTABLISHED IN: 20/04/2006

REGISTERED NO: DRGCR1/862/06/07

WEEKLY HOLIDAY:SUNDAY

WORKING SHIFT: 10:30AM TO 5:30pm

MANAGING DIRECTOR:SRI PATIL SHANKARAGOWDA

BANKERS OF THE INSTITUTION

OWN CONTRIBUTION FROM THE

OWNERS & DEPOSITS

& ADVANCES FROM THE PUBLIC

SERVICES:

DEPOSITS & ADVANCES

LOANS TO POOR PEOPLE

ECONOMICALY WEAKER SECTION OF THE SOCIETY

FINANCIAL ASSISTANCE TO SC-ST PEOPLES LOANS TO WIDOW WOMENS

FINANCE-AGAINST-GOLD ORNAMENTS

FINANCE TO SELF EMPLOYMENT

LOANS TO AGRICULTURE PURPOSE

BACKGROUND AND INCEPTION OF THE COMPANY.

While the bank, like any other, is run on profitable lines, it does occasionally turn away new business which it feels may compromise its ethical policies. In the 2005/06 financial year, whilst making profits of £96.5 million, it turned away business of nearly £10 million.

In June 2005, the bank closed the account of a Christian evangelical group (Christian Voice) because of its standpoint on homosexuality, specifically the group's "discriminatory pronouncements on grounds of sexual orientation". They said the group was "incompatible with the position of the Co-operative Bank, which publicly supports diversity and dignity". Christian Voice said the bank was discriminating against it on religious grounds. Gay Times subsequently selected the Co-operative Bank for its Ethical Corporate Stance Award.

NATURE OF THE BUISNESS CARRIED

This organization is involved in agricultural development projects

Business: Mixed farming

Sector(s): Other monetary intermediation

Services: Deposits & Advances, Loans to poor people, Economically weaker section of the society, Financial assistance to SC-ST peoples loans to widow women's, Finance-Against-Gold, Finance to self employment, Loans to Agriculture purpose's.

VISION, MISSION & QUALITY POLICY.

VISION:

Working together to effectively win today’s battle while being prepared to meet the challenges of the future. The cooperative banks are continues their operation by expanding new service to their valuable customers the application growth will also come from value added diversification derived from the Siddasiri Pattin Shouhard Sahakari Niyamith Bijapur. This institution will always concentrates on former satisfaction the quality of the products & services derived by this institution will always strive to exceed customer satisfaction

MISSION:

To create the values for all its customers share holder employees & society at large.

Economic development to their members loans to member agriculture development.

Loan to allied activities for their members.

Loans to weaker section of the society.

Loans to sc-st peoples.

Loans to self employment purpose to today’s youth generation.

QUALITY POLICY:

Banking sector is one of the major service sectors in society. Its contribution is very large in the face of economic help to peoples or customers in the form of loan on less interest. The company believes in high level of honesty & sense of responsibility. Two way communication for all purpose. In sharing the fruit of growth, prosperity with its partners i.e. the employees. "The company believes that team sprit is the hallmark of success''. To ensure their customer to timely deliveries & monitor high quality parameters. Service sectors always adopts better quality management system polices. Setting suitable objectives & targets & reviewing them periodically the effectiveness of quality management system.

PRODUCT/SERVICE PROFILE.

This co-operative banks main aim to improver economic status of poor people the also have the right to esteem their life with minimum basic needs of education, shelter; money is the main source to all.

They provide loans for agriculture purpose to boost our nation

Backbone strength because India constitute major part of villages.

Loans to sc-st peoples.

Loans to widow women’s.

loans to self employment as per their institution word "co-operative" they co-operate to all in the form of economic service which is tangible, the given money will be recover as per their time schedule.

If loan is not recover by the customers they mortgage their surety properties which are under taken at the time of loan sanction. Also it is written in the application format of bank.

AREA OF OPERATION

This institute's operation is in all Karnataka except this places which are ("Basvanabhagewadi, Muddebihal, Hindi, Sindhagi &Thikotha Hobli") revenue circle. Headquarter is situated in Bijapur. It is main head office to all branches. They supply their guide lines to under working their all branches managers & employees whenever necessary. It is limited to Karnataka state only.

OWNERSHIP PATTERN

Siddasiri Pattin Shouhard Sahakari Niyamith, Bijapura. Is intuited by Mr. Basavaraj Patil Etnal (X-Minister of our Honourable Karnataka State). The ownership pattern in this institution is like this "Three directors who are also promoters of the institution.

President

Vice president

Managing-director-&-shareholders-of-institution

The name of the members of the institution as follows:

Sri Basvanagowda patil

Sri shivakumar shankargowda patil

Sri Bassayya sangayya hirematha

Sri Shivanagowda rudragowda patil

Sri Sanganabasapappa gurappa patil

Sri Baburayrgowda biradar

Sri Ramesh biradar

Sri Shivanand vishwanath kallur

Sri Saibaba sindageri

Sri sheetal kumar sagardatta

Sri vijayakumar sakaram chowhan

Sri Sharada ashok patil

COMPETITORS INFORMATION

District co operative banks.

Primary co operative banks.

Other private financial institutes.

INFRASTRUCTURE FACILITY

Labor welfare means efforts to make life with living for workman. The basic purpose of providing welfare facilities is to improve the working condition & make a worker a good employee & happy citizen in society. There have been a lot of welfare facilities provided to the employees in the factory. For top management they provide traveling facility & housing transport facility. Loan subsidy & scholarship facility to their children’s on merit basis. These house & other facilities to certain castigatory of worker Good transport facility. Better confidential service facility. High wages to high skilled talent.

ACHIEVEMENTS /AWARDS IF ANY

Now it is in growing.

Condition SPSSN Bank is very popular in Bijapur.

This bank providing very comfort service to the customer.

WORK FLOW MODEL (END TO END)

Enrollment of the members.

Getting of shares from members.

Opening of the savings account & other deposits account.

Access to finance for which purpose they appeal for loan the appeal may be for agriculture purpose or construct house or education purpose etc will be verified by the management.

To sanction their loan

They ask surety to recover their fund.

Then verify the documents as per requirement of the institution.

For ex: A student getting an education loan:

The work flow model is like this.

Student giving an application.

Required documents will be submitted by the student.

The documents are previous year marks sheet.

Seat allotment letter from C E T cell under government approved.

Expenditure letter from the principal of concerned college.

Documents pertain to KYC norms (know your customer).

Student Id-card, ration card, pan card, election card etc.

Scrutinized all documents by the banks.

Loan appraisal & finally section of loan.

Repayment of the loan:

The loan will be repaid in sixthly monthly installment after completion of the course by giving moratorium period 6-12 months.

Until the completion of the course student will pay only interest amount.

Interest will be paid as per the bank norms like in SBH bank 11.25% in SBI bank 11%.

Recently Govt. had declared 2% interest subsidy on education loan.

Incase of the repayment of the loan legal action will be taken for recovery.

Incase under the course student will die uncertainly parents of that student.

FUTURE GROWTH AND PROSPECTS

To encourage employees, thrift & co-operation amongst members.

To promote & well begins amongst members.

Planning to go for expansion of service.

Planning to go for co-generation.

Interested in getting connected to INTERNET & E_MAIL.

It is interested doing such other things, which are incidental & necessary for running the society & for fast growth & development.

To promote lift irrigation projects.

To promote employees by increasing wage for their service.