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ABSTRACT
Internships serve as a vital link between academic knowledge and professional practice, offering individuals the opportunity to gain hands-on experience in real-world work environments. They allow students and young professionals to apply theoretical concepts, develop technical and soft skills, and adapt to workplace dynamics. Internships also expose individuals to industry trends, challenges, and best practices, fostering critical thinking, problem-solving, and adaptability. Beyond skill development, internships help in building professional networks, enhancing communication skills, and boosting confidence in a professional setting. They provide insight into various career paths, helping individuals wmake informed decisions about their future. Additionally, internships often serve as a gateway to full-time employment by giving interns an opportunity to prove their capabilities to potential employers. Overall, internships play a crucial role in career development, personal growth, and professional readiness, making them an essential component of education and workforce preparation. SHREE GURU SUDHINDRA COLLEGE OF BUSINESS ADMINISTRATION
INTRODUCTION
In today’s world, moving from college to a job can be a big change. That’s why internships are important. They help connect what is learned in school to what is done at work. This report talks about internships – how they help people grow, find new chances, and build their careers. Internships are not just about small tasks. They help people learn new skills, try different jobs, and understand real-world work. Internships give a chance to learn from experts, meet new people, and find mentors who can guide them in the future. Whether a student wants to learn or a company wants to find skilled people, knowing about internships is important. This report looks at internships from different sides, like what interns learn, their experience, how they grow, and how companies set up internships. By studying this closely, this report shows why internships matter in today’s job world. Internships can change the future by creating new chances and leading to great careers. Doing well in an internship can even lead to a job later. That’s why internships are very important for students and young professionals. SHREE GURU SUDHINDRA COLLEGE OF BUSINESS ADMINISTRATION
They improve important skills like communication, teamwork, problem-solving, and time management. Explore Career Options :– Internships allow individuals to try different job roles and understand what suits them best. Build Professional Connections :– Meeting and working with professionals helps in networking and future job opportunities. Improve Job Prospects :– Work experience from internships makes candidates more attractive to employers for future jobs.
SCOPE
Learning Goals: The intern will have specific goals to learn new skills or knowledge during the internship. These goals help them grow professionally and personally. Tasks and Responsibilities: The intern will be given tasks or projects to work on, ranging from basic to more complex work. This helps them gain hands-on experience in their field Mentorship : The intern will be guided and supported by more experienced colleagues. This mentorship helps the intern learn faster and understand the industry better. SHREE GURU SUDHINDRA COLLEGE OF BUSINESS ADMINISTRATION
Duration and Schedule : The internship will have a set start and end date, along with a clear schedule of working hours. This helps both the intern and the company plan their time. Evaluation and Feedback: The intern’s work will be reviewed regularly, with feedback on what they did well and areas to improve. This helps them track their progress and learn more effectively.
METHODOLOGY
The internship methodology involved the collection and analysis of both primary and secondary data to gain insights and effectively contribute to the assigned tasks. Primary Data SHREE GURU SUDHINDRA COLLEGE OF BUSINESS ADMINISTRATION
Co-operative banks are financial institutions owned and operated by their members, who are both customers and shareholders. They are established under the Co-operative Societies Act and are regulated by the Reserve Bank of India (RBI) and state governments (in India; other countries have their own regulatory bodies). Types of Co-operative Banks Urban Co-operative Banks (UCBs) – Operate in urban and semi-urban areas. Rural Co-operative Banks – Include State Co-operative Banks (SCBs), District Central Co-operative Banks (DCCBs), and Primary Agricultural Credit Societies (PACS).
Services Offered
Savings and current accounts
Fixed deposits and recurring deposits
Loans and advances
Locker facilities
Challenges
Limited capital base
Governance issues
Technological lag in rural banks
Rising non-performing assets (NPAs)
Regulatory Framework
RBI regulates banking functions.
NABARD supports rural co-operative credit institutions.
Registrar of Co-operative Societies oversees registration and
administration.
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NATURE OF CO-OPERATIVE BANKS
Community Focus Cooperative banks are created by and for people who belong to a certain community or group. Their main goal is to support the financial needs of their members and the local area. Ownership Structure Unlike regular banks owned by investors for profit, cooperative banks are owned by their members. Every member gets one vote, no matter how much money they have in the bank. Social Mission These banks are often focused on helping people who may not be served well by regular banks, such as small businesses, rural communities, or low-income individuals. Democratic Governance Members help run the bank by voting for a board of directors. This ensures that the bank is controlled by its users and remains answerable to them. Mutual Assistance Members work together and share their resources, like savings and loans, to help one another. This setup allows everyone to benefit from the bank’s services. SHREE GURU SUDHINDRA COLLEGE OF BUSINESS ADMINISTRATION
economic growth. Urban cooperative banks play a crucial role in providing credit to these enterprises, helping them meet their working capital requirement. SHREE GURU SUDHINDRA COLLEGE OF BUSINESS ADMINISTRATION
STRUCTURE
Board of Directors : The highest governing body of a Urban co-operative Bank is its Board of Directors, which is elected by the bank’s members. The board is responsible for setting strategic goals, overseeing operations, and ensuring compliance with regulatory requirements. It normally consists of members with diverse backgrounds and expertise in finance, governance, and community development. General Body: The General Body comprises all the members of the Urban co- operative Bank and meets annually or as required by the bank’s bylaws. It is the supreme decision-making body where members have the opportunity to participate in discussions, vote on key matters, and elect the Board of Directors. Regulatory Oversight: Urban cooperative Banks in India are regulated and supervised by the Reserve Bank of India (RBI) under the provisions of the Banking Regulation Act, 1949. The RBI sets prudential norms, capital adequacy requirements, and governance standards to ensure the stability and soundness of UCBs. Additionally, UCBs are subject to periodic inspections and inspect by RBI-appointed authorities. Members : Members of a cooperative bank are individuals, associations, or organizations that hold shares in the bank and have voting rights in the General Body meetings. Membership eligibility criteria, rights, and obligations are defined in the bank’s bylaws. Members may also avail of the banking services offered by the UCB, such as savings accounts, loans, and other financial products. SHREE GURU SUDHINDRA COLLEGE OF BUSINESS ADMINISTRATION
ORGANISATIONAL PROFILE
The Bhatkal Urban Co-operative Bank, established in 1960, is a prominent financial institution in the town of Bhatkal, located in the Uttara Kannada district of Karnataka, India. It operates as a cooperative bank, serving the financial needs of the local community with a strong focus on customer satisfaction and community development. Vision and Mission Vision : To be a leading cooperative bank recognized for its excellent service, innovative solutions, and contributions to the socio-economic development of the community. Mission : To provide comprehensive banking solutions with a commitment to customer service, integrity, and financial inclusion, fostering sustainable economic growth in the region. History and Milestones 1960: Founded to serve the banking needs of Bhatkal residents. 1970: Expanded services and opened additional branches to accommodate growing customer base. 1990: Introduced modern banking facilities including computerized banking services. 2000: Enhanced digital banking services, including online banking and mobile banking applications. SHREE GURU SUDHINDRA COLLEGE OF BUSINESS ADMINISTRATION
2010: Continued growth with a focus on expanding financial products and services.
ORGANISATIONAL CHART
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Monitoring financial performance. Ensuring regulatory compliance. Contributing to strategic planning and policy development. Overseeing risk management.
MANAGEMENT TEAM
The management team, led by the Chief Executive Officer (CEO) or General Manager, handles the day-to-day operations of the bank. They report to the Board of Directors and implement the board’s policies and strategies. General Manager Name: Vasant Shantaram Role and Responsibilities: Managing the bank’s operations. Implementing board policies. Leading the bank’s strategic initiative. Department Head and Finance Manager Oversees financial planning. Budgeting. Reporting. Branch Manager (Bhatkal): Name: Dawood Shaikh Role and Responsibilities: Supervise daily activities and performance of branch staff. Handle complex customer queries and complaints. Manage daily operations including cash flow and transactions. Prepare reports on branch performance for senior management. SHREE GURU SUDHINDRA COLLEGE OF BUSINESS ADMINISTRATION
Assess and manage operational, credit, and market risks.
OWNERSHIP PATTERN
The Bhatkal Urban Co-operative Bank is owned by its
members, who are also its customers. This means that the
people who use the bank’s services are the ones who own and
control it.
Buying Shares:
Members purchase a set number of shares, which makes them part- owners of the bank. The price and number of shares required are specified by the bank’s rules.
Members and Stakeholders:
The Bhatkal Urban Co-operative Bank’s members include individuals, businesses, and other entities that hold accounts or have taken loans from the bank. These members collectively own the bank and participate in its governance. The bank’s stakeholders also include employees, regulators, and the local community. SHREE GURU SUDHINDRA COLLEGE OF BUSINESS ADMINISTRATION
Money Transfers
MARKETING MANAGEMENT
The Bhatkal Urban Co-operative Bank has a focused marketing management strategy that emphasizes customer trust, local engagement, and compliance with regulatory standards. Established in 1964, the bank operates primarily in Uttara Kannada, Udupi, and Dakshina Kannada districts, with a strong community presence. Bhatkal Urban co-operative Bank marketing Department involves activities like market research, product development, promotion, distribution, and customer relationship management. Banks often focus on building strong customer relationships, creating effective marketing campaigns, and ensuring their products and services meet customer needs. Understanding Customers: The bank focuses on knowing what people in Bhatkal need from their banking services, such as easy access to money or personalized help. Building Trust: The bank builds trust by being clear about its fees, keeping transactions safe, and following rules, so customers feel confident in their services. Offering Relevant Services: The bank offers services like savings accounts, loans, and all designed to meet the needs of the local community. SHREE GURU SUDHINDRA COLLEGE OF BUSINESS ADMINISTRATION
Promotion : The bank promotes its services through local ads, sponsoring events, and organizing workshops to teach people about banking and managing money.
FINANCIAL MANAGEMENT
Budgeting and Planning: Creating financial plans to guide the bank’s operations, including setting targets for revenue, expenses, and profits. Risk Management: Identifying and managing financial risks, like loan defaults, market fluctuations, or liquidity issues, to protect the bank’s assets. Investment Decisions: Deciding where to invest the bank’s funds to generate income, ensuring a balance between risk and return. Liquidity Management: Ensuring the bank has enough cash flow to meet its daily operations and customer withdrawals while making strategic investments. Regulatory Compliance: Following rules set by regulatory bodies, like the Reserve Bank of India, to ensure the bank operates legally and responsibly.
HUMAN RESOURCES MANAGEMENT
Recruitment and Training: SHREE GURU SUDHINDRA COLLEGE OF BUSINESS ADMINISTRATION
