Mis In Banking 6s8t

MIS In Banking

Application of MIS • MIS is collection, processing, management and dissemination of data to improve business decision making and gain competitive advantage in the market. • The Bank is a institution which offers financial services which includes Retail Banking, Investment banking and personnel banking. • The factors which customers consider before choosing a particular bank can be summarized as follows:1. The ease of doing the business 2. The quality of the personnel and services 3. The range of the financial services

Deg of MIS • The following points should necessarily be addressed while deg MIS for a bank:a. Servicing to the Holders:• The factors which greatly influence the service expectations and the perception are as follows:1. Customer Expectations 2. Operator 3. Range of the service which is being or is to be provided 4. Class of customers 5. Working hours b. • 1. 2. 3. 4. 5.

Customer Database:MIS should give following reports to the management:The non-moving The with the balance say more than 50000 The routine payments not made The defaults on loan payments The sudden rise and fall in the movement etc.

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Service for Business Promotion:The MIS should lay a great stress on the collection of the data from various sources in order to analyze and conclude the future business strategy. With the help of information Banker should be able to move out to talk to customer and as a result to get some type of business for the bank.

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Need OF MIS In Banking • Regulatory requirements indicated by the RBI for preparation of off-site Monitoring Surveillance(OSMOS) Reports on a regular basis in electronic format. • Need for timely submission of Balance Sheets and Profit and Loss • Need for Inter-Branch Reconciliation of s within a definite time frame • Need to undertake risk management strategies and for this purpose build up appropriate sets of data and market intelligence reports.

Benefits of MIS • Data can easily be accessed and analyzed without any delay, manipulation and processing. • Decisions can be made more quickly and with confidence as the data is time relevant and accurate. • Significant cost benefits, time savings, productivity gains and process-reengineering opportunities are associated with the use of data warehouse for information processing. • The availability of the customer data and can help the banks to align their business processes according to the needs of the clients. The effective management of customer data can also help to perform direct marketing and promotional activities.