CONTROL SYSTEMS
OF
CANARA BANK
Guided by : Mr. Kiran Kothari
SUBMITTED BY : MANAS CHATURVEDI EX-03
INTRODUCTION
Founded By: Late Sri Ammembal Subbarao Pai
'Canara Bank Hindu Permanent Fund' in 1906
CURRENT CONDITION
The Bank’s aggregate business crossed Rs.4 lakh crore mark.
Net profit of the Bank crossed Rs.3000 crore.
The Bank’s branch network crossed the 3000 mark.
BOARD OF DIRECTORS
MR S RAMAN
CMD BANGALORE
MR JAGDISH PAI K L EXECUTIVE DIRECTOR BANGALORE
SHRI. H. S. U. KAMATH EXECUTIVE DIRECTOR BANGALORE
DR. THOMAS MATHEW DIRECTOR REPRESENTING GOVERNMENT OF
NEW DELHI
INDIA
SHRI G PADMANABHAN DIRECTOR REPRESENTING RESERVE BANK OF
MUMBAI
INDIA
SHRI. DEVENDER DASS
RUSTAGI WORKMEN EMPLOYEE DIRECTOR NEW DELHI
SHRI. G.V. MANIMARAN OFFICER EMPLOYEE DIRECTOR CHENNAI
SRI. P. V. MAIYA DIRECTOR REPRESENTING SHAREHOLDERS BANGALORE
SRI. SUNIL GUPTA SHAREHOLDER DIRECTOR HARYANA
Branch Network*
Category No. of Branches
31.03.2009 31.03.2010
Metropolitan 629 727
Urban 674 744
Semi-urban 691 793
Rural 735 779
Total Branches 2729 3043
*Composition of domestic branch network
http://www.equitymaster.com/research-it/ipo/canbank.html
control systems
OF
CANARA BANK
Decision making process
Cash management
Audit Committee Board
Governed by the directives of Reserve Bank of
India .
1. ACB provides a direction to oversees the operations of total Audit
function of the Bank
2. To oversee the bank's financial reporting process and ensuring
correct, adequate and credible disclosure of financial information.
3. Reviewing with the management, the financial statements with
accounting standards and other legal requirements,
4. Quality and effectiveness of external and internal audit,
5. Internal control system,
6. Interaction with external auditors before finalization of Annual
accounts and reports,
7. Review Bank's finance and risk management policies.
8. Examines, scrutinizes, reviews and takes appropriate action on
the basis of comments given in Statutory/External Audit reports,
Roles & Responsibility
Shareholders'/ Investors' Grievances Committee
Remuneration Committee
Management Committee of the Board
Risk Management Committee
Asset Liability Management Committee
General Body Meetings
Decision making process
MANAGEMENT COMMITTEE
1. Sri B Swaminathan Chairman
2. Sri G C Chaturvedi Member
3. Sri V Ramachandra Rao Member
4. Sri Anup Prakash Garg Member
5. Sri A N Balasubramanian Member
6. Sri S C Gupta Member
AUDIT COMMITTEE
1. Sri Anup Prakash Garg Chairman
2. Sri B Swaminathan Member
3. Sri G C Chaturvedi Member
4. Sri V Ramachandra Rao Member
5. Sri U N Kapur Member
SHAREHOLDERS'/INVESTORS' GRIEVANCES COMMITTEE
1. Sri M P Mehrotra Chairman
2. Sri B Swaminathan Member
3. DR. Sone Lal Member
RISK MANAGEMENT COMMITTEE
1. Sri B Swaminathan Chairman
2. Sri Anup Prakash Garg Member
3. Sri M P Mehrotra Member
CASH MANAGEMENT, OR TREASURY
MANAGEMENT
Why???
Remove paper-based clearing system.
High processing cost
Security risk
High speed and accuracy
Time
CASH MANAGEMENT SERVICES
What is CCMS?
To meet the requirements of Corporates/Business houses/Partnership firms
Speedy collection of outstation cheques and other instruments
Pooling of funds at designated centres
More importantly, providing funds to the Corporates as per their need
Customised MIS reports
What We Offer?
SUPERFAST SERVICE - Local cheque collection services
FASTRACK SERVICE - Upcountry cheque collection services
BULK COLLECTION SERVICE - Bulk cheques collection services
CASH MGMT
FINANCE MANAGER
RECORDED STATE LOCAL
MANAGEMENT ACCOUNTS ACCOUNTS
RECORDED
MANAGEMENT ACCONTATNT ACCONTATNT
COORDINATOR
ADMIN ASSISTAT ADM ASSOCIATE ADM ASSOCIATE
Benefits Of CMS
Funds available as per need on day zero, day one, day
two, day three etc.
Corporates can plan their cash flows
Bank interest saved as instruments are collected faster
Affordable and competitive rates
MIS reports customised to meet individual
Corporate's requirement
Single point enquiry for all queries
Pooling of funds at desired locations
Operational in 148 Cities/Centres
www.canarabank.com
www.moneycontrol.com
