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Management Inforamtion Systems Assignment

The document discusses management information systems (MIS) used at State Bank of Travancore. It describes how the bank's MIS department hosts an internal website with branch performance data, financial statements, and borrower profiles. This data is compiled within 3-5 days of each month/quarter for auditing and regulatory reporting. The MIS department also furnishes data to credit bureaus. The bank implemented a core banking solution (CBS) allowing customers to bank across India and avail various services online.

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49 views

Management Inforamtion Systems Assignment

The document discusses management information systems (MIS) used at State Bank of Travancore. It describes how the bank's MIS department hosts an internal website with branch performance data, financial statements, and borrower profiles. This data is compiled within 3-5 days of each month/quarter for auditing and regulatory reporting. The MIS department also furnishes data to credit bureaus. The bank implemented a core banking solution (CBS) allowing customers to bank across India and avail various services online.

Uploaded by

amritprksh
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOC, PDF, TXT or read online on Scribd
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MANAGEMENT INFORAMTION SYSTEMS

ASSIGNMENT

1
MANAGEMENT INFORMATION SYSTEMS

Management Information System is an information system that integrates data from


all the departments it serves and provides operations and management with the
information they require.
Management information systems are those systems that allow managers to make
decisions for the successful operation of businesses. Management information
systems consist of computer resources, people, and procedures used in the modern
business enterprise. The term MIS stands for management information systems. MIS
also refers to the organization that develops and maintains most or all of the computer
systems in the enterprise so that managers can make decisions. The goal of the MIS
organization is to deliver information systems to the various levels of corporate
managers. MIS professionals create and support the computer system throughout the
company. Trained and educated to work with corporate computer systems, these
professionals are responsible in some way for nearly all of the computers, from the
largest mainframe to the desktop and portable PCs.

Types of Management Information Systems

Management information systems can be used as a support to managers to provide a


competitive advantage. The system must support the goals of the organization. Most
organizations are structured along functional lines, and the typical systems are
identified as follows:
 Accounting management information systems
 Financial management information systems
 Manufacturing management information systems
 Marketing management information systems
 Human resources management information systems

2
Need of MIS in organization

Management and organizations facing constantly changing problems, diverse


managerial styles, and ever present information needs offer a challenging context for
developing computer based information systems. MIS uses computer technology to
provide information and decision support to managers, helping them becomes more
effective. Developments in the young computer industry are changing corporate
management style.

Managers at all levels use similar data. Operating managers require data, which is
timely, precise, detailed, internal and historical. Upper level managers need data
which is aggregated, external as well as internal, future oriented as well as historical
and covering a longer span time. An effective MIS cannot be built without viable data
management tools. Such tools were not generally available previously. Moreover,
most organizations did not effectively use DBMS technology until two decades
before. An important key to a successful MIS is the effective management of an
organization's data resources.

3
STATE BANK Of TRAVANCORE

State Bank of Travancore (SBT) was originally established as Travancore Bank Ltd.
in 1945 sponsored by the erstwhile Princely State of Travancore. Under a special
statute of the Indian Parliament (SBI subsidiary Banks Act 1959) it has been made
an Associate of the State Bank of India and a member of the State Bank Group, the
largest banking group in India. The SBT is the second scheduled commercial bank in
the country.

Highlights

• More than 60 years of dedicated service


• Network of 705 branches and 314 ATMs spanning 16 states of the country
• Using World class technology through the implementation of 100% Core
Banking Solution
• Premier bank in Kerala state with 573 branches
• The Largest ATM Network in Home State
• Member of the Largest ATM network in the country
• Internet Banking, E-Payments, Utility Bill Payments, Fee payments, E-Rail
etc

Management Information System used at State Bank of


Travancore
State Bank of Travancore’s MIS Department hosts an in-house developed website
accessible across the Bank which hosts data pertaining to branch level business
performance, quarterly financial statements, Credit Information Management System
- borrowers profile updated on a quarterly basis, besides other miscellaneous data
required in-house. The site is effective in' compilation of these monthly and quarterly
statements within three to five working days after completion of month-end/ quarter-
end processing at the Central Data Centre, Belapur from which the primary data is
obtained. All statutory financial statements required for audit and regulatory reporting
are also compiled through this process. To a large extent, the database on borrowers
caters to the needs of management and the regulatory authorities.

4
MIS Department furnishes data to Credit Information Bureau of India Limited
(CIBIL), a credit information company authorised by Reserve Bank of India, of which
the Bank is a member. Data rationalisation process is undertaken on an ongoing basis
to ensure better decision- making. Annual submission of Basic Statistical Returns to
Reserve Bank of India is done through the data captured in the MIS Department
without calling for separate statements from branches, besides enabling online
submission of mandatory statements by branches to the extent possible. MIS
Department, to a greater extent, supplements the Bank level Computerisation of Core
Banking Solution (CBS), Centralised Online Transaction Processing System by
extracting the data and updating in-house applications.

Core Banking

 With this, the customers of the bank can transact business at any branch of the
bank spread across the country. The CBS transforms each customer into "a
customer of the bank as a whole from a mere customer of one of its branches."

 That each of the associate banks of the group would be networked and brought
under the CBS

 They launched a new product called `multi-city cheques' at the function got up
for the launch of the CBS. These cheques, with a new design and colour, will
be payable, even through clearing, at all the branches of the bank

Benefits
Enables its customers to operate their accounts all across India, removing the
restrictions imposed by geography and time.

It's a platform that enables the customers to carry out their banking activities
from their desktop, aided by the power and convenience of the Internet.

5
It avails customers to

Third party transfers in the same branch

New account opening

Demand Draft requests

Standing instructions

New Chequebook request

Railway tickets booking,

Utility bill payments

LIC and other insurance premium payments,

SBI Mutual funds Investments

Remit Subscription to PPF account, Donations to your religious inspirations

Donations to Red Cross and such other organisations

Setting up SMS alerts for transaction information

Credit card dues payments

Each of the associate banks of the group would be networked and brought under the
CBS. With this, the customers of the bank can transact business at any branch of the
bank spread across the country. The CBS transforms each customer into "a customer
of the bank as a whole from a mere customer of one of its branches.

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