Management Information System In SBI bank
TOC \o "1-3" \h \z \u Background PAGEREF _Toc104928119 \h 3
Organization structure PAGEREF _Toc104928120 \h 4
Management of Information System PAGEREF _Toc104928121 \h 5
Objectives of Using MIS PAGEREF _Toc104928122 \h 5
Information system installed PAGEREF _Toc104928123 \h 7
Details Software and Information Systems: PAGEREF _Toc104928124 \h 7
IT Department PAGEREF _Toc104928125 \h 9
System Configuration Adopted PAGEREF _Toc104928126 \h 10
Advantages and Benefits offered by the Information Systems PAGEREF _Toc104928127 \h 11
Challenges imposed by the Information Systems PAGEREF _Toc104928128 \h 11
Recommendation PAGEREF _Toc104928129 \h 12
Conclusion PAGEREF _Toc104928130 \h 12
Nepal SBI Bank Ltd. (NSBL) is the first Indo-Nepal joint venture in the financial sector sponsored by three institutional promoters, namely State Bank of India (SBI), Employees Provident Fund (EPF) and Agricultural Development Bank Ltd. (ADBL) through a Memorandum of Understanding signed on 17th July 1992. NSBL was incorporated as a public limited company at the Company Registrar’s Office on April 28, 1993, under Registration. No. 17-049/50 with an Authorized Capital of Rs.12 Crores and was licensed by Nepal Rastra Bank on July 6, 1993.
NSBL commenced operation with effect from July 7, 1993, with one full-fledged office at Durbar Marg, Kathmandu with 18 staff members. The staff strength has since increased to over 1000.
The Bank believes that good Corporate Governance is much more than complying with legal and regulatory requirements. The corporate governance framework of the Bank is designed to facilitate effective management and control of the business, enable the Bank to maintain a high level of business ethics and optimize the value for all its stakeholders. The Bank, hence, aims at protecting and enhancing shareholder value, protecting the interest of all other stakeholders such as customers, employees and society at large, ensuring transparency and integrity in communication and making available full, accurate and clear information to all concerned and ensuring accountability for performance and customer service. Good Governance Committee is in place in the Bank for review of governance status on regular basis.
The Bank is committed to:
Ensuring that the Bank’s Board of Directors meets regularly, provides effective leadership and insights into business and functional matters and monitors Bank’s performance.
Establishing a framework of strategic control and continuously reviewing its efficacy.
Establishing documented and transparent management processes for policy development, implementation and review, decision making, monitoring, control and reporting.
Providing free access to the Board to all relevant information, advice and resources as are necessary to enable it to carry out its role effectively.
Ensuring that Bank Management is made responsible in respect of compliance issues with all applicable statutes, regulations and other procedures, and policies as laid down by the Government of Nepal/ Nepal Rastra Bank and other regulators and the Board, and reports deviations if any.
SBI Bank follows the following Organization Structure.:
Management of Information System
The word “Information” is used commonly in our day-to-day work. In every field, information is needed for decision making. Information being a vital corporate resource, it needed to be managed just like any other organization resources like money, man, materials or markets. Accurate, relevantly and timely information is needed for the organizational decisions making as planning organizing, leading and contro