A Study on Financial Analysis at Basaveshwar Urban Co-operative Credit Society, Mudalagi

Abstract

Finance is essential for every business enterprise to carry out its activities, because finance is one of the basic needs of all kinds of modern economic activities. That is why, the finance is called the lifeblood of every business enterprise. The different financial institutions are Banks, Co-operatives, and Businesses etc. Nowadays banking sector is tremendously developed with using modern technology. Cooperatives are the part of banking sectors and these works on the basis of banks only. Nowadays the co-operative banks are facing a high competition from the nationalized banks in loans and advances. But the co-operatives bank that is “Shri Basaveshwara urban co-operative credit society ltd” has clear mission and vision to make a good profits and they issuing loans and advances too. For running banking business initial capital is important. But after establishing to run and expanding the organizations the Working capital is very important, The banks getting working capital by accepting the deposits from public in different ways. Then the bank will issue the same deposit amount to the public in the form of loans and advances at a different interest rates. By this way the banks are making profit. Generally the interest rate for deposit is less than the loans and advances. The banks just act as an intermediator between the person who have the money and the person who actually need it. The topic of the study is “Loans and Advances Study at Shri Basaveshwara urban co-operative credit society ltd, Mudalagi