A SYNOPSIS ON

A Study Of Credit Cards In Indian Scenario

Submitted to
The Director, School of commerece and management YCMOU, Nashik.

As parital fulfillment for the award of Master of Business Administration(MBA) By : Pallavi Mahadevo Munde PRN : 2012017001899705

Under the Guidance of Dr /mr/mrs: Prof. Bobade R.K

A) INTRODUCTION
Commercial Banks have introduced credit card facilities in the early 1980s from then, the facility has become popular among the public as well as banks. As a contrast, credit cards have a much wider use they may be used both for cash withdrawals from an ATM and for Electronic Funds Transfer at the point of sale(EFTPOS).A credit card does not require any balance to be maintained by the customer but offers a credit. Among the payment choices tucked away in a consumers a wallet is the credit card. Its popularity since its debut in the late 1950s has skyrocketed many people enjoy the convenience and protections it offers, such as the ability to defer payments and keep records of purchases. The credit card provider issues credit card which are designed to pay for things and services either online or in shops.

Importance :
- Credit cards have become popular from past few years in Indian market as almost all the nationalizes banks come with the concept of credit cards. - If we take a little survery on credit cards we can see mixed response from the people - If we can use it in a proper way we have many advantages wwith the credit card. - In case of a credit card, there is an annual charge, which is walved by some banks. - Bookkeeping is the task of maintaining financial records

- It has everything to do with your credit history & your ability to secure a loan when you need it.

Significance :
The purpose of credit is to help people buy the things they need right away & pay for them overtime Consumers who budget smartlyand spend usely can use credit cards easily & efiictively for large or even daily purchase . Unfortunetly, many people see credit cards as a source of free money Over time these people find them selves further & further in debt & may eventually find it impossible to pay back everything they over. Credit card fraud is fairly common new a day in an attempt to deter it. I look forward to hearing the terms by which persons will be able to get this new debit card .

B) RATIONALE
If you dont have cash & need by something small with a credit card this forces you to buy more stuff which result in greater revenues for the store. - Its the equivalent of stores that wont make change for a dollar, by saying they cant open the register without a purchase. - Business are relying on trade credit.

- Although providing credit result in taking credit risk, giving customers some grace period before paying their credit purchase does have some associated benefits. - Credit card companies say they dont surprise - Over time these people find them selves further & further in debt & may eventually find it impossible to pay back everthing they over.

A) OBJECTIVE
Any time that you apply for credit whether it be for a credit card auto loan or home loan a lender will review your credit report & determine your credit rating. The higher your ratings, the more likely you are to quality as well as to no. of higher loan amounts and lower bintrest rates A high credit rating can offer you a degree of financial freedom that those with a low rating may never see. Promote best practice across the card payments industry Work to influence the card & credit industry stakeholders. Offer specialized knowledge on card payments issued. Be recognized as the primary source for industry management information & statistics

D ) HYPOTHESIS
the area of credit regulation the constant pitch from some academics is that any constraints on credit cards That those without credit cards simply have less total debt than

The silent epidemic sweeping the nation today is credit card abuse . The form of the credit card industry has affected everyone in the world of the plastic money . IT is amazing how a small piece of plastic can be so dangerous. Society today almost requies people to carry credit cards . You place a phone call to the number provided in your tourist guide or in the local daily press .

E ) RESEARCH METHODOLOGY.
Source of Data : Primary Data : data were collected through mall intercept technique in six metropolitan cities of india. A self adminstered questionnaire was distributed to customer visiting the malls.the credit cardholders were banks , forign banks & private banks giving almost equal representation.

Secondary data : the link above is primary on the use of secondary data for purpose of calculating statistics in this electronic age

secondary data is disseminated very rapidly , such as credit card of employment history.

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

F) EXPECTED

CONTRIBUTION:

- Gain knowledge on the different types of Credit cards use for various purpose. - Better understanding of a renowned banks which uses Credit cards for extensively and forms area for further research.

For the synopsis we taken guildlines which completed MBA and some more teachers who have perfect knowledge about the company. We thankful to our study centre sir whichs gives more contribution the complete this requirement.

G)

CHAPTERISATION :

1. Executive summary 2. Industry Profile 3. Bank profile

4. Research methodology 5. Data collection methodology 6. Analysis and interpretation 7. Findings and problem 8. Suggestion 9. Conclusion 10. Bibliography