Bank Of The State Of Jammu And Kashmir - 1251 Words

Its 2015 but still bank has not been able to provide financial services to the underprivileged people till this date people are excluded from financial services. Strategies should be made according to the different villages and all efforts must be put to raise the standard of people in the state of Jammu and Kashmir. Bank should make polices for common people to ensure that inclusion of poor is kept in mind. Usually loans are taken because of problems faced by people it may be of financial loan loan for marriages and medical loan. Customers avail these types of loans majority of times and it constitutes 53% of loan that people take from banks. One of the main concerns is that if people don’t get loan from bank they go for nonfinancial institution and these institutions charge high rate of interest to poor people and whole life they are indebted. Financial inclusion started with zero balance account i.e. without frills. But later it was not fruitful to just have an zero balance account because there was no such services added to these accounts and people even forgot when they opened accounts in banks. Zero balance account couldn’t attract customers because there were no services attached to the account. Finally Rbi with the help of Govt. came with many schemes to attract people towards banks and provide them better financial services. And people also got attracted to these services and that’s why financial in is moving so fast in India. Jammu and Kashmir bank isShow MoreRelatedOverview Of The Banking Industry Essay1011 Words   |  5 Pages26 public sector banks, private sector consists of 20, and there are 43 foreign banks which is a good sign for banking sector. Also it consists of 61 regional banks. There has been a noticeable expansion in dealings through ATMs, and also with internet and mobile banking banks has shown tremendous growth. Indian Parliament in 2012 passed a bill know as (Banking Laws Amendment bill) which has made banking easy in India and also opened doors for the entire world. This bill states that RBI is the onlyRead MoreInternal Guide External Guide For Jammu And Kashmir Bank Limited Srinagar1197 Words   |  5 PagesProject Report On â€Å"FINANCIAL INCLUSION [PRADHAN MANTRI JAN-DHAN YOJANA (PMJDY)] WITH REFERENCE TO JAMMU AND KASHMIR BANK LIMITED SRINAGAR† By RAIEES BASHIR USN 1HK13MBA06 Submitted to VISVESVARAYATECHNOLOGICALUNIVERSITY, BELGAUM In partial fulfillment of the requirements for the award of the degree of MASTER OF BUSINESS ADMINISTRATION Under the guidanceRead MoreThe Growth And Poverty Improvement Of A Country Essay1539 Words   |  7 Pagesand abandoned access to Financial services. Many initiatives, schemes and reforms have been put into the place after independence. Many Cooperative Banks where introduced to supply credit for farming purpose and for this cooperative banks came into existence immediately after Independence and further it was followed by the nationalization of many banks and priority sector lending and subsequently. Indian shifted from an agriculture economy to Industrial economy and later to Services sector EconomyRead MoreFinancial Inclusion Of The Jammu And Kashmir State Essay812 Words   |  4 Pagesto greater savings and a wider deposit base for banks and other financial institutions. So i thought it would be better to study financial inclusion (PRADHAN MANTRI JAN-DHAN YOJANA) how it would help the people and economy as a whole. 1.1.4 OBJECTIVES OF THE STUDY To briefly study and examine financial poverty in India. To study and analyze recent standing of Financial Inclusion in the Jammu and Kashmir State. To assess latest scheme under financial inclusionRead More Pakistan Essay861 Words   |  4 Pageswith-holding income tax (www3.jaring.my/pakistanhc/page19.html). Pakistan now has a highly developed financial sector consisting of local as well as foreign commercial banks, investment banks, leasing companies, mutual funds and varies other fund companies. Besides providing working capital and long-term financing to the investors, these banks offer a number of facilities such as remittance of profits/dividends and maintenance of foreign currency accounts (www.mofa.com). Now because of this, various citiesRead MoreIndia-Pakistan Timeline578 Words   |  2 Pageswas separated by Hindus and Muslims in the past but now the new Muslim state Pakistan was a new home for the Muslims. There were Hard rioting and people died up to an estimated half a million people. About a million people were homeless... Since the British left, the land of Jammu and Kashmir was remained with violence. 1948 India and Pakistan went to war in October 1947 after Pakistan flourished a Muslim insurgency in Kashmir. India accepted a request for armed assistance from Kashmirs MaharajaRead MoreKashmir As A Forgotten Casualty Of The World4033 Words   |  17 Pagesthree nuclear powers, the region of Kashmir has become a forgotten casualty of the aftermath. The region has since crafted a history of violent struggle for sovereignty and freedom. Kashmir has become symbolic of the nearly century long Indo-paki struggle that has left inhabitants of the region in turmoil. The bloody history of the region, and the way the issue has been handled brings up the question of what is the best way to handle the situation? The region of Kashmir has been claimed by both IndiaRead MoreA Summary And Suggestions Of The Bank Essay2631 Words   |  11 Pages FINDINGS AND SUGGESTIONS The Bank has to do lot of work why people are still financially excluded even after 68 years of independence and design policies to ensure inclusion of the poor and disadvantaged people. The strategy could vary from village to village but all efforts should be made in this way as financial inclusion can truly lift the financial condition and standards of life of the poor and the disadvantaged people of Jammu Kashmir. Large percentage of loans is taken byRead More India Pakistan Negotiation is Best in the Interest of Pakistan1774 Words   |  8 Pagesof the unresolved Kashmir issue which has threatened the peace of Pakistan overtime. The divided, mostly Muslim Himalayan region of Kashmir is at the heart of hostility between the neighbours and was the cause of two of their three wars since independence from Britain in 1947. The third was over the founding of Bangladesh. The Kashmir issue has led to at least three major wars in the region with media claiming the souring chances of a fourth war between the two countries. Kashmir has always been aRead MorePak Us Relations7976 Words   |  32 PagesLecture No. 1 25-10-210 KASHMIR ISSUE OUTLINE: 1. Background 2. Indian Perspective 3. Pakistan Perspective 4. Plebiscite 5. Partition 6. Independent and conclusion EARLY HISTORY: In the 18th century Kashmir was ruled by the Muslim Pashtun Durrani Empire. In 1819 Kashmir was conquered by the Sikh ruler Ranjit Singh. Following the First Anglo-Sikh War in 1845 and 1846, Kashmir was first ceded by the Treaty of Lahore to the East India Company, and shortly after sold by the Treaty