Sailesh Duddupudi

Sathvik ALLAM Reddy

Vibha Narendra
 Current state
49 Foreign Banks
21 Private Sector Banks
56 Regional Rural Banks
27 Public Sector Banks
 What are the problem points?
In the current scenario, each bank branch is independently run and changes to an individual’s bank account
cannot be made from one branch if the home branch is elsewhere.
This can cause tremendous inconvenience to the customers, where a majority of them are unable to visit the
home branch.

A majority of the lending decisions made by the banks are made by the bank officials
of the branches, who do not have specialised knowledge in all loan sectors.
India has the world’s worst bad loan ratio, ranking last amongst the world’s top 10 economies.
 Centralised loan system+ make the entire bank system centralised

We plan on introducing a centralized loan system where all loans are passed through
a panel of qualified officials with expertise in various sectors.
With this scheme, only the loan requests having all the appropriate documents will
be approved. A proper analysis of all the financial papers can be conducted.

Since all the loans go through a singular central system, they will be regularly inspected
and every loan can be kept track of and the officials can follow up on each case. Any discrepancy
can easily be noted.

One major reason for bad loans is that people take loans for their startups, a majority of which do not succeed due to
lack of funds. We plan to resolve this issue too, by focusing on loan requests for startups to
encourage budding entrepreneurs.
• International funds transfer:
Easy transfer funds online, internationally with better exchange rates.
• App for loans
Easy request process for loans, without the hassle.
• Digital banking
Convenient monitoring and access to individual bank accounts
• Centralizing all the various branches of the bank
Such that the customer can access all the services provided by the bank conveniently from any branch.
• Centralized loan system
One major reason for bad loans is that people take loans for their startups, a majority of which do not succeed due to
lack of funds. We plan to resolve this issue too, by focusing on loan requests for startups to
encourage budding entrepreneurs.

With the growing use and availability of online resources and smartphones, we plan on introducing a
user friendly platform for the customers to keep a tab on their accounts and transactions. This platform would be
relatively simple to use and hence can serve a larger number of people in the country.
Summary+bibliography