3.

1 COMPANY PROFILE OF THE SUTEX CO-OPERATIVE BANK

LTD

The Sutex Co-operative Bank Ltd.‖ has started on 15th may 1972. Bank has

Registered No. as per Gujarat State Co-op Act. S/5033 on 15th may 1972,

and Multi State Co-op Act. MSCS/CR/8099.on 8th February 1999. With the
help of Mr. SurajramHiralalBachakaniwala, Mr.
JyotindraBhagwandasLekhadiya and other Director Member at Surat Textile
Market. The bank is last 39 year to provide services in various areas. The
bank has thirteen Branches and one Administrative office. Bank used
Tragologist Software and Wipro Hardware, the bank daily working cabal
program. The Bank slogan is “HELPS YOU TO LIVEBETTER”.

The bank has fifteen Branches, one Administrative office and five ATM
service available to customer in various areas. In 2000-01 year to open a new
branch at ―Salabatpura‖ this branch is good working condition in very short
period. The bank has 217 employers to give training at Administrative office
and 36 employers to other bank branches in previous year. The Bank
Information technology of working in LAN (Local Area Network) system at all
branches.

The Bank is good facility to provide Senior Citizen in Fixed Deposit. The
facility is 1% more interest on Fixed Deposit. The Bank is Economical, Social,
Educational, and Medical activity with go ahead in Surat city and Surat
District. Bank has provided donation in year 2010-2011 in various Economical
and Social activities. The bank has received Audit Class ―A‖, in last 39 year;
it is a great achievement of the Bank. The Bank provided 15% dividend to
shareholders as per profit. The Bank start with 272 shareholder and today
shareholder member is 33357. The Bank started with Rs. 5.25 lakh Working
Capital and today is 1400.31 Cr.

The following member of the Bank team at ―Udhna main road‖ Branch has
played an important role in shaping my training by making this venture a
purposeful and an educative one.
3.2 ORGANOGRAM OF THE SUTEX CO-OPERATIVE BANK LTD

Chairman

Vice-Chairman

Managing Director

Board of Director

Manager/C.E.O.

Assistant Manager

Officer

Clerk

Peon

(Figure 3.1 Organogram)

Name Position

Mr. Shital Bhatt Branch Manager

Mr. Yogesh Patel Cashier

Mr. SaileshJariwala Officer

Mr. Harshad N. Mehta Officer

Mr. Sirish Patel Clerk

Mr. Vikram Dudhwala Clerk

Mr. Amit Patel Peon

Table No: 3.1

Table Name: Staff at SUTEX Co-Op. Ltd. at katargam branch

Vision

The bank aims to double its business in next 5 years. Expansion plan is there
for opening of 3 more branches in prime locations of the city. Main focus is to
cover the areas which are not covered by adequate banking facilities.

The adoption of all modern technologies for better service will be priority of
the bank in future. The environment of all the branches will match an
international standard.

Bank is poised to move towards needs based and behavior based

segmentation in the next few years. Recounting that the number of mobile
phone users is increasing day by day, bank has already started services of
mobile banking and will shortly commence net banking.

The bank will expand its horizons beyond the traditional banking products and
enter into newer ventures to increase its bottom line combines with cost
rationalization.
In summary, bank will spotlight on customer service as well as satisfaction
across all channels.

About Sutex bank and its facility

They are providing all modern and advanced services and facilities to their
Respondents such as CBS facility, SMS Alerts, E-statements, E-tax
payments, ATM services, RTGS/NEFT facility, Stamp Franking etc.

Locker facility ATM facility

Figure No: 3.2

Figure Name: Locker and ATM facilities

Attractive rates on various schemes of F.D. are offered by them. Recurring

Scheme is also available with attractive rate of interest. Their
KanyaUtkarshYojana Recurring Deposit scheme is specially designed for girl
child which offers special rate of interest.

Moreover, Free Accidental Life Insurance Policy is provided by them to each

and every Current / Savings / Share Holders of our bank. Meetings with
valued Respondents of the bank are held at regular intervals. Shareholders of
our bank are also provided benefits under Members Upliftment Scheme in the
form of cash prizes to their children in education achievements, financial aid in
hospital bills etc.
 
 Board of directors

Name Position
Mr. NimeshbhaiBachakaniwala Chairman
Mr. ArunbhaiKanodiya Vice-chairman
Mr.NirmalkumarVakharia President
Mr. KamalvijayTulsyan Joint President
Mr. RavindrabhaiDhorabhai Hon. Director
Mr. PrabhatsinhSolanki Hon. Director
Mr. KartikHathiwala Hon. Director
Mr. JyotindrabhaiLekhadiya Director
Mr. ManaharlalBachakaniwala Director
Mr. HashmukhlalMistri Director
Mr. SharadbhaiKapadiya Director
Mr. Raj Kapadiya Director
Mr. Ashwain Desai Director
Mr.Bhikhubhai Desai Director
Mr.DilipbhaiDhamanwala Director
Mr. K. T. Wadia C. E. O.
Mr.G.H.Patel Senior Manager

Table No: 3.2

Table Name: Board of Director of Bank

 
 BRANCHES OF THE SUTEX CO-OPERATIVE BANK LTD.

Branch Location Ph.No.

Head Office SurajramBachkaniwala Bhawan, 0261-2634702
Udhana-Mug. Road
Textile Market Surat Textile Market, Ring Road 0261-2343947
Athawalines AnjanaShalakha 0261-2254568
Station Medhani Mention 0261-2402736
ParvatPatia Surbhi Complex 0261-2641495
Gopipura SubhashChowk 0261-2593463
Sachin G.I.D.C. 0261-2397954
Katargam G.I.D.C. 0261-2407876
City Light Hirapanna Shopping Centre 0261-2256444
Rander Nr. Ashirwad Society 0261-2781989
Salabatpura Piperdi Sheri 0261-2365608
Varachha Shreyas Diamond Centre 0261-2542022
Pandesara Keval Commercial Complex 0261-2894025
UdhnaMagdala SurajramBachkaniwalaBhawan,
Udhana-Mug. Road
Sahara Darwaja N.T.M. Market 0261-2343940
Udhna Main Road Shrinath complex udhna main road 0261-2273323

Table No: 3.3

Table Name: Branches

 
 Interest rate offered on deposits

SL. FIXED DEPOSITS RATE OF INTEREST

1 15 DAYS TO 30 DAYS 4.50%
2 31 DAYS TO 45 DAYS 7.00%
3 47 DAYS TO 90 DAYS 7.00%
4 91 DAYS TO 180 DAYS 7.00%
5 181 DAYS TO 1 YEAR 7.50%
6 ABOVE 1 YEAR TO 2 YEARS 7.50%
7 ABOVE 2 YEARS TO 3 YEARS 7.75%
8 ABOVE 3 YEARS TO 10 YEARS 8.00%

SPECIAL SCHEME FIXED DEPOSIT

9 FOR 13 MONTHS ONLY 9.50%
(SIMPLE INTEREST)
10 FOR 18 MONTHS ONLY 9.75%
11 FOR 24 MONTHS ONLY 10.00%
12 FOR 36 MONTHS ONLY 10.25%
13 FOR 48 MONTHS ONLY 10.00%
14 FOR 60 MONTHS ONLY 10.00%
15 FOR 66 MONTHS ONLY 10.00%
16 FOR 90 MONTHS 9.50%
(MORE THAN DOUBLE)
17 FOR 120 MONTHS 9.50
(MORE THAN 2 AND HALF)
18 FOR 351 DAYS ONLY (SIMPLE INTEREST) 10.50
19 FOR 551 DAYS ONLY 10.25
(COMPOUNDING INETEREST)
20 SUTEX LAXMI VARSHA SCHEME 10.75
(SIMPLE INTEREST) 444 DAYS PAYABLE
AT MATURITY ONLY
 RECURRING DEPOSIT SCHEME
21 FOR 13 MONTHS ONLY 9.50%
22 FOR 18 MONTHS ONLY 9.75%
23 FOR 24 MONTHS ONLY 10.00%
24 FOR 42/48/60/66/75/120 MONTHS ONLY 10.00%

Table No: 3.4

Table Name: Interest rate of deposits of Sutex co-operative bank

 
 Financial health of Bank

Particular Financial Year

31/03/2014 31/03/2015 31/03/2016
Members 30176 31317 33357
Share capital 24.27 28.85 31.94
Total Deposits 883.15 1068.12 1247.83
Total Advance 584.07 687.21 841.37
Working Capital 1002.53 1201.38 1400.31
Net Profit 11.26 13.24 15.68
Reserve funds 63.42 72.71 88.33
Audit class A A A
Dividend 15% 15% 15%

Table No: 3.5

Table Name: Capital structure (Rs. in crores)

3.3 DIVISIONS/ DEPARTMENTS OF THE SUTEX CO-OPERATIVE
BANK LTD

A. LOAN Department:

Loan application department: In loan application department mainly

processing of loan application is done. In this department all the required
documents along with the applications are been collected and then
sanctioning is done for further procedure.

Loan disbursement department: when the documents are been submitted

by the customer for taking loan then investigation on such documents is done
by this department. to find out whether the documents are true or not and
once the bank is satisfied with the investigation and the loan amount is been
paid to customer.

Loan recovery department: the customers who fail to pay the loan amount
then for recovery of the amount of the loan from the customer is done in loan
recovery department all the legal actions are been taken the recover the loan.

B. Administration department:

 Personnel department: the work related to human resource is done in

this department (i.e. salary, recruitment, training, selection, etc.)

 Salaries of all employees handled at administration department.

 Whenever SDCOBL needed the new employees for bank, the
recruitment procedure and selection procedure are managed by this
department.

 If bank have changes in their technology than it is needed to give
trainings to the employee and it gives by this department.
C. Electronic Data Processing (EDP) Section:

The electronic data possessing section is developing for data processing and
computer hardware and software implementation any development of
software for data entry of banking transaction is done in this department. All
the e-banking services like internet banking, ATM, mobile banking, etc. are
been handle in EDP department.
3.4 SWOT analysis for the Sutex bank

(1) Strengths
 It is one of the best service-providing Banks.
 There is availability of enough funds.
 The Bank have efficient work force.
 It is fully computerized with upgraded technologies.
 It takes care of employers.
 It is a popular Bank of Surat city as well as in South Gujarat.
 It has well and growth oriented future bank.

(2) Weaknesses

 Expenses and operating costs are very high.

 There is less emphasis on marketing.

 Over burden of work.

 There is no proper planning to face competitors.
 (3) Opportunities

 There is more opportunity for starting new branch in Surat; due to high

population.

 The bank can widen the scope to all over Gujarat.
 As it has audit class ―A‖ since last 39 year & has prosperous balance

sheet so, people at any place will welcome it.
 It can expand its services through e-banking and mobile banking
services to compute with their competitors.

(4) Threats

 All co-operative Banks of Surat are opening more branches so there is

a threat of Competition.
 As the banks are becoming ―Multi State‖ it has more threat of
competition.

3.5 MARKET POSITION OF THE SUTX CO-OPERATIVE BANK LTD

KEY AREAS 1992-93 2002-03 2011-12 2012-13 2013-14 2014-15 2015-16

Paid up Share 56.57 618.81 2052.70 2426.7 2768.10 2886.04 3194.61
Capital
Reserves&Other 201.02 3291.41 4782.63 5478.4 6342.82 7271.89 8833.16
Funds
Deposits 1983.40 24671.83 63440.76 75629.7 88315.9 106812.21 124782.92
Loans& 1073.77 12396.24 41826.46 51572.2 58407.8 68721.45 84136.97
Advances
Working Capital 2536.08 30054.65 68493.59 85778.0 100253.3 120138.67 140031.16
Net Profit 83.10 404.31 743.81 882.97 1125.9 1324.31 1567.61

Table No: 3.6

Table Name: Financial Highlights

As on 31/03/2013 and 31/03/2016

(Rs. in crore)
KEY AREAS 31/3/2013 31/3/2014 31/03/2015 31/03/2016

PAID UP SHARE 24.27 27.68 28.86 31.94

CAPITAL

RESERVES & OTHER 54.78 63.43 72.72 88.33

FUNDS
DEPOSITS 756.30 883.15 1068.12 1247.82
ADVANCES 515.72 584.07 687.21 841.36
Working Capital 857.78 1002.53 1201.38 1400.31
BUSINESS 1272.02 1467.22 1755.33 2089.18
PROFIT 8.83 11.26 13.24 15.67