Management Information System in Banking Industry in India

A Study on Management Information System in Banking Industry in India

Research Proposal and Synopsis on Banking Industry Topic

Case Studies on MIS in Banking Industry

Introduction : MIS Means Management information system, Use and manage information systems to revitalize business process • Improve business decision making with information technologies • Gain competitive advantage on the market

Management Information Systems in Banking -

Introduction In Details:

Key elements: • Internet technologies as platform for business and commerce • Collaboration processes among all business stakeholders in networked enterprises • Global markets and the international dimension


• Foundation Concepts • Decision support in Business and Banking • Information technologies and Banking applications • An approach to computing, systems and information channels • Developing business

Management Information System (MIS) is needed. To proceed towards the making of a

comprehensive monitoring and evaluation System, the first stage is to develop a

monitoring and evaluation framework at the departmental level so that the existing

monitoring and evaluation systems can be streamlined and the future development of

 the new systematic monitoring and evaluation systems at the field level is guided.

The MIS provides a framework for the monitoring and evaluation of the biodiversity                                              

conservation program of protected areas so that the information need at the central level like the National Planning Commission (NPC), MFSC, DNPWC and donors can be

fulfilled by using the framework for collecting information.

Concept of Monitoring and Evaluation

The internationally accepted concept of monitoring and evaluation as used by the World

Bank and FAO was conceptualized in the design of the MIS. The World Bank defines

monitoring, evaluation and MIS as :

Monitoring: Monitoring is the provision of information, and the use of that information,

to enable management to assess program of implementation and take timely decisions

to ensure that progress is maintained according to the schedule. Monitoring is an internal project (program) activity, an essential part of good management practice and therefore and integral part of day-to-day management.

Evaluation: Evaluation assesses overall project (program) effects, both intentional and

unintentional, and their impacts. It involves comparisons regarding information from

outside the project (program) either in time area or population.

Management Information System (MIS): Management Information System (MIS) is a

system that helps management in making, carrying out and controlling decisions. In

effect, a project/ program monitoring system is a Management Information System that

provides information for making decision by the management. In the design of the MIS

the following six basic stages of a MIS, ordered sequentially, have been followed

1. Identification of the information needs

2. Collection of information

3. Classification of the information collected

4. Storage

5. Retrieval

6. Analysis

7. Decision

Existing M&E and MIS Systems

The following category of monitoring and evaluation system prevails in the DNPWC and

its field offices.

1. NPCs trimesterly and annual physical progress monitoring formats

2. Auditor Comptroller and Auditor General Offices financial monitoring formats

3. Monthly monitoring of major achievements

4. Project level monitoring systems

5. Miscellaneous monitoring formats

The present monitoring and evaluation system has not been able to provide the

information needs at the different levels of management. The project/program evaluators feel the lack of adequate monitoring and evaluation information also. It can be concluded that an effective monitoring and evaluation has not materialized yet.

Rationale for the Study In Banking and information system following problem found

·         Manual procedures

·         If your data is update data and correct data then you will recd correct mis otherwise you will recd wrong output.

Objective In Banking in MIS Sector is following.

·         The MIS of Bank whose branches are so well-spread becomes a pivotal point  of study as it caters to many segments of the society (urban and rural) and offering a diversified portfolio of services like credit cards, loans, bank accounts, etc... Thus,  it becomes absolutely essential for a bank to maintain an accurate mass record of all transactions of every individual or corporate. One cannot ignore the fact that every record / data should have a reliable back-up in case of any uncertainty like System Crashing’, ‘Virus Affected’, etc...

·         Better-relate to our theoretical knowledge

·         Better understanding of a renowned company which uses MIS extensively and forms a part of its core activities, without the efficient management of which it would become Gain knowledge on the different types of MIS used in various departments for diverse activities appropriately.

·         While computers cannot create business strategies by themselves they can assist management in understanding the effects of their strategies, and help enable effective decision-making. MIS systems can be used to transform data into information useful for decision making. Computers can provide financial statements and performance reports to assist in the planning, monitoring and implementation of strategy.

·         MIS systems provide a valuable function in that they can collate into coherent reports

·         unmanageable volumes of data that would otherwise be broadly useless to decision makers.

·         Not only do MIS systems allow for the collation of vast amounts of business data, but they also provide a valuable time saving benefit to the workforce. Where in the past business information had to be manually processed for filing and analysis it can now be entered quickly and easily onto a computer by a data processor, allowing for faster decision making and quicker reflexes for the enterprise as a whole

Hypothesis

There will be two major financial measurements hypotheses evaluated in this research. They are:

H#1

H0: Significantly MIS system is saving time were we will find out current status of organisation.

H1: Significantly MIS system is not saving time were we will find out current status of orgnaisation.

H#2

H0: Significantly making within an enterprise than would be possible without MIS system.

H1: Significantly making within an enterprise than would not be possible without MIS system.

Research Methodology of Study:

Sample size: 100 employees from Banks.

a.      Sources of Data :

·         Primary Data : The data will be collected through primary and secondary sources. The primary data will be collected by administering a questionnaire and through interaction with Stewards, Front Office Assistants, Sr Managers,  Manager, & Front Office Manager of the Banks

·         Secondary Data : will be collected from the Bank’s website, records, manuals, brochures, annual reports, etc.

·         Tools of Data Analysis  : Statistical tools will be used in the form of Pi-Charts, Graphs and Diagrams

Expected contribution from the study

·      Gain knowledge on the different types of MIS used in various departments for diverse activities appropriately.

·      Better understanding of a renowned company which uses MIS extensively and forms area for further research

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