banking business plan pdf

Bank Business Plan Template

Written by Dave Lavinsky

Bank Business Plan

Over the past 20+ years, we have helped over 500 entrepreneurs and business owners create business plans to start and grow their banks.

If you’re unfamiliar with creating a bank business plan, you may think creating one will be a time-consuming and frustrating process. For most entrepreneurs it is, but for you, it won’t be since we’re here to help. We have the experience, resources, and knowledge to help you create a great business plan.

In this article, you will learn some background information on why business planning is important. Then, you will learn how to write a bank business plan step-by-step so you can create your plan today.

Download our Ultimate Business Plan Template here >

What Is a Bank Business Plan?

A business plan provides a snapshot of your bank as it stands today, and lays out your growth plan for the next five years. It explains your business goals and your strategies for reaching them. It also includes market research to support your plans.

Why You Need a Business Plan for Your Bank Business

If you’re looking to start a bank or grow your existing bank, you need a business plan. A business plan will help you raise funding, if needed, and plan out the growth of your bank to improve your chances of success. Your bank business plan is a living document that should be updated annually as your company grows and changes.

Sources of Funding for Banks

With regards to funding, the main sources of funding for a bank are personal savings, credit cards, bank loans, and angel investors. When it comes to bank loans, banks will want to review your business plan and gain confidence that you will be able to repay your loan and interest. To acquire this confidence, the loan officer will not only want to ensure that your financials are reasonable, but they will also want to see a professional plan. Such a plan will give them the confidence that you can successfully and professionally operate a business. Personal savings and bank loans are the most common funding paths for banks.

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How to write a business plan for a bank.

If you want to start a bank or expand your current one, you need a business plan. The guide below details the necessary information for how to write each essential component of your bank business plan.

Executive Summary

Your executive summary provides an introduction to your business plan, but it is normally the last section you write because it provides a summary of each key section of your plan.

The goal of your executive summary is to quickly engage the reader. Explain to them the kind of bank you are running and the status. For example, are you a startup, do you have a bank that you would like to grow, or are you operating a chain of banks?

Next, provide an overview of each of the subsequent sections of your plan.

Give a brief overview of the bank industry.
Discuss the type of bank you are operating.
Detail your direct competitors. Give an overview of your target customers.
Provide a snapshot of your marketing strategy. Identify the key members of your team.
Offer an overview of your financial plan.

Company Overview

In your company overview, you will detail the type of bank you are operating.

For example, you might specialize in one of the following types of banks:

Commercial bank : this type of bank tends to concentrate on supporting businesses. Both large corporations and small businesses can turn to commercial banks if they need to open a checking or savings account, borrow money, obtain access to credit or transfer funds to companies in foreign markets.
Credit union: this type of bank operates much like a traditional bank (issues loans, provides checking and savings accounts, etc.) but banks are for-profit whereas credit unions are not. Credit unions fall under the direction of their own members. They tend to serve people affiliated with a particular group, such as people living in the same area, low-income members of a community or armed service members. They also tend to charge lower fees and offer lower loan rates.
Retail bank: retail banks can be traditional, brick-and-mortar brands that customers can access in-person, online, or through their mobile phones. They also offer general public financial products and services such as bank accounts, loans, credit cards, and insurance.
Investment bank: this type of bank manages the trading of stocks, bonds, and other securities between companies and investors. They also advise individuals and corporations who need financial guidance, reorganize companies through mergers and acquisitions, manage investment portfolios or raise money for certain businesses and the federal government.

In addition to explaining the type of bank you will operate, the company overview needs to provide background on the business.

Include answers to questions such as:

When and why did you start the business?
What milestones have you achieved to date? Milestones could include the number of clients served, the number of clients with positive reviews, reaching X number of clients served, etc.
Your legal business Are you incorporated as an S-Corp? An LLC? A sole proprietorship? Explain your legal structure here.

Industry Analysis

In your industry or market analysis, you need to provide an overview of the bank industry.

While this may seem unnecessary, it serves multiple purposes.

First, researching the bank industry educates you. It helps you understand the market in which you are operating.

Secondly, market research can improve your marketing strategy, particularly if your analysis identifies market trends.

The third reason is to prove to readers that you are an expert in your industry. By conducting the research and presenting it in your plan, you achieve just that.

The following questions should be answered in the industry analysis section of your bank business plan:

How big is the bank industry (in dollars)?
Is the market declining or increasing?
Who are the key competitors in the market?
Who are the key suppliers in the market?
What trends are affecting the industry?
What is the industry’s growth forecast over the next 5 – 10 years?
What is the relevant market size? That is, how big is the potential target market for your bank? You can extrapolate such a figure by assessing the size of the market in the entire country and then applying that figure to your local population.

Customer Analysis

The customer analysis section of your bank business plan must detail the customers you serve and/or expect to serve.

The following are examples of customer segments: individuals, small businesses, families, and corporations.

As you can imagine, the customer segment(s) you choose will have a great impact on the type of bank you operate. Clearly, corporations would respond to different marketing promotions than individuals, for example.

Try to break out your target customers in terms of their demographic and psychographic profiles. With regards to demographics, including a discussion of the ages, genders, locations, and income levels of the potential customers you seek to serve.

Psychographic profiles explain the wants and needs of your target customers. The more you can recognize and define these needs, the better you will do in attracting and retaining your customers.

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Competitive Analysis

Your competitive analysis should identify the indirect and direct competitors your business faces and then focus on the latter.

Direct competitors are other banks.

Indirect competitors are other options that customers have to purchase from that aren’t directly competing with your product or service. This includes trust accounts, investment companies, or the stock market. You need to mention such competition as well.

For each such competitor, provide an overview of their business and document their strengths and weaknesses. Unless you once worked at your competitors’ businesses, it will be impossible to know everything about them. But you should be able to find out key things about them such as

What types of customers do they serve?
What type of bank are they?
What is their pricing (premium, low, etc.)?
What are they good at?
What are their weaknesses?

With regards to the last two questions, think about your answers from the customers’ perspective. And don’t be afraid to ask your competitors’ customers what they like most and least about them.

The final part of your competitive analysis section is to document your areas of competitive advantage. For example:

Will you provide loans and retirement savings accounts?
Will you offer products or services that your competition doesn’t?
Will you provide better customer service?
Will you offer better pricing?

Think about ways you will outperform your competition and document them in this section of your plan.

Marketing Plan

Traditionally, a marketing plan includes the four P’s: Product, Price, Place, and Promotion. For a bank business plan, your marketing strategy should include the following:

Product : In the product section, you should reiterate the type of bank company that you documented in your company overview. Then, detail the specific products or services you will be offering. For example, will you provide savings accounts, auto loans, mortgage loans, or financial advice?

Price : Document the prices you will offer and how they compare to your competitors. Essentially in the product and price sub-sections of your plan, you are presenting the products and/or services you offer and their prices.

Place : Place refers to the site of your bank. Document where your company is situated and mention how the site will impact your success. For example, is your bank located in a busy retail district, a business district, a standalone office, or purely online? Discuss how your site might be the ideal location for your customers.

Promotions : The final part of your bank marketing plan is where you will document how you will drive potential customers to your location(s). The following are some promotional methods you might consider:

Advertise in local papers, radio stations and/or magazines
Reach out to websites
Distribute flyers
Engage in email marketing
Advertise on social media platforms
Improve the SEO (search engine optimization) on your website for targeted keywords

Operations Plan

While the earlier sections of your business plan explained your goals, your operations plan describes how you will meet them. Your operations plan should have two distinct sections as follows.

Everyday short-term processes include all of the tasks involved in running your bank, including reconciling accounts, customer service, accounting, etc.

Long-term goals are the milestones you hope to achieve. These could include the dates when you expect to sign up your Xth customer, or when you hope to reach $X in revenue. It could also be when you expect to expand your bank to a new city.

Management Team

To demonstrate your bank’s potential to succeed, a strong management team is essential. Highlight your key players’ backgrounds, emphasizing those skills and experiences that prove their ability to grow a company.

Ideally, you and/or your team members have direct experience in managing banks. If so, highlight this experience and expertise. But also highlight any experience that you think will help your business succeed.

If your team is lacking, consider assembling an advisory board. An advisory board would include 2 to 8 individuals who would act as mentors to your business. They would help answer questions and provide strategic guidance. If needed, look for advisory board members with experience in managing a bank or successfully running a small financial advisory firm.

Financial Plan

Your financial plan should include your 5-year financial statement broken out both monthly or quarterly for the first year and then annually. Your financial statements include your income statement, balance sheet, and cash flow statements.

Income Statement

An income statement is more commonly called a Profit and Loss statement or P&L. It shows your revenue and then subtracts your costs to show whether you turned a profit or not.

In developing your income statement, you need to devise assumptions. For example, will you see 5 clients per day, and/or offer sign up bonuses? And will sales grow by 2% or 10% per year? As you can imagine, your choice of assumptions will greatly impact the financial forecasts for your business. As much as possible, conduct research to try to root your assumptions in reality.

Balance Sheets

Balance sheets show your assets and liabilities. While balance sheets can include much information, try to simplify them to the key items you need to know about. For instance, if you spend $50,000 on building out your bank, this will not give you immediate profits. Rather it is an asset that will hopefully help you generate profits for years to come. Likewise, if a lender writes you a check for $50,000, you don’t need to pay it back immediately. Rather, that is a liability you will pay back over time.

Cash Flow Statement

Your cash flow statement will help determine how much money you need to start or grow your business, and ensure you never run out of money. What most entrepreneurs and business owners don’t realize is that you can turn a profit but run out of money and go bankrupt.

When creating your Income Statement and Balance Sheets be sure to include several of the key costs needed in starting or growing a bank:

Cost of furniture and office supplies
Payroll or salaries paid to staff
Business insurance
Other start-up expenses (if you’re a new business) like legal expenses, permits, computer software, and equipment

Attach your full financial projections in the appendix of your plan along with any supporting documents that make your plan more compelling. For example, you might include your bank location lease or a list of accounts and loans you plan to offer.

Writing a business plan for your bank is a worthwhile endeavor. If you follow the template above, by the time you are done, you will truly be an expert. You will understand the bank industry, your competition, and your customers. You will develop a marketing strategy and will understand what it takes to launch and grow a successful bank.

Bank Business Plan Template FAQs

What is the easiest way to complete my bank business plan.

Growthink's Ultimate Business Plan Template allows you to quickly and easily write your bank business plan.

How Do You Start a Bank Business?

Starting a bank business is easy with these 14 steps:

Choose the Name for Your Bank Business
Create Your Bank Business Plan
Choose the Legal Structure for Your Bank Business
Secure Startup Funding for Your Bank Business (If Needed)
Secure a Location for Your Business
Register Your Bank Business with the IRS
Open a Business Bank Account
Get a Business Credit Card
Get the Required Business Licenses and Permits
Get Business Insurance for Your Bank Business
Buy or Lease the Right Bank Business Equipment
Develop Your Bank Business Marketing Materials
Purchase and Setup the Software Needed to Run Your Bank Business
Open for Business

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How to Write a Business Plan to Start a Bank

Published Feb.29, 2024

Updated Apr.23, 2024

By: Alex Silensky

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Table of Content

Bank Business Plan Checklist

A bank business plan is a document that describes the bank’s goals, strategies, operations, and financial projections. It communicates the bank’s vision and value proposition to potential investors, regulators, and stakeholders. A SBA business plan should be clear, concise, and realistic. It should also cover all the essential aspects of the bank’s business model.

Here is a checklist of the main sections that you should keep in mind while building a bank business plan:

Executive summary
Company description
Industry analysis
Competitive analysis
Service or product list
Marketing and sales plan
Operations plan
Management team
Funding request
Financial plan

Sample Business Plan for Bank

The following is a bank business plan template that operates in the USA. This bank business plan example is regarding ABC Bank, and it includes the following sections:

Executive Summary

ABC Bank is a new bank for California’s SMBs and individuals. We offer convenient banking services tailored to our customers’ needs and preferences. We have a large target market with over 500,000 SMBs spending billions on banking services annually. We have the licenses and approvals to operate our bank and raised $20 million in seed funding. We are looking for another $30 million in debt financing.

Our goal is to launch our bank by the end of 2024 and achieve the following objectives in the first five years of operation:

Acquire 100,000 customers and 10% market share
Generate $100 million in annual revenue and $20 million in net profit
Achieve a return on equity (ROE) of 15% and a return on assets (ROA) of 1.5%
Expand our network to 10 branches and 50 ATMs
Increase our brand awareness and customer loyalty

Our bank has great potential to succeed and grow in the banking industry. We invite you to read the rest of our microfinance business plan to learn about how to set up a business plan for the bank and how we will achieve our goals.

Industry Analysis

California has one of the biggest and most active banking industries in the US and the world. According to the Federal Deposit Insurance Corp , California has 128 financial institutions, with total assets exceeding $560 billion.

The California banking industry is regulated and supervised by various federal and state authorities. However, they also face several risks and challenges, such as:

High competition and consolidation
Increasing regulation and compliance
Rising customer demand for digital and mobile banking
Cyberattacks and data breaches
Environmental and social issues

The banking industry in California is highly competitive and fragmented. According to the FDIC, the top 10 banks and thrifts in California by total deposits as of June 30, 2023, were:

Customer Analysis

We serve SMBs who need local, easy, and cheap banking. We divide our customers into four segments by size, industry, location, and needs:

SMB Segment 1 – Tech SMBs in big cities of California. These are fast-growing, banking-intensive customers. They account for a fifth of our market share and a third of our revenue and are loyal and referable.

SMB Segment 2 – Entertainment SMBs in California’s entertainment hubs. These are high-profile, banking-heavy customers. They make up a sixth of our market and a fourth of our revenue and are loyal and influential.

SMB Segment 3 – Tourism SMBs in California’s tourist spots. These are seasonal, banking-dependent customers. They represent a quarter of our market and a fifth of our revenue and are loyal and satisfied.

SMB Segment 4 – Other SMBs in various regions of California. These are slow-growing, banking-light customers. They constitute two-fifths of our market and a quarter of our revenue and are loyal and stable.

Competitive Analysis

We compete with other banks and financial institutions that offer similar or substitute products and services to our target customers in our target market. We group our competitors into four categories based on their size and scope:

1. National Banks

Key Players – Bank of America, Wells Fargo, JPMorgan Chase, Citibank, U.S. Bank
Strengths – Large customer base, strong brand, extensive branch/ATM network, innovation, robust operations, solid financial performance
Weaknesses – High competition, regulatory costs, low customer satisfaction, high attrition
Strategies – Maintain dominance through customer acquisition/retention, revenue growth, efficiency

2. Regional Banks

Key Players – MUFG Union Bank, Bank of the West, First Republic Bank, Silicon Valley Bank, East West Bank
Strengths – Loyal customer base, brand recognition, convenient branch/ATM network, flexible operations
Weaknesses – Moderate competition, regulatory costs, customer attrition
Strategies – Grow market presence through customer acquisition/retention, revenue optimization, efficiency

3. Community Banks

Key Players – Mechanics Bank, Bank of Marin, Pacific Premier Bank, Tri Counties Bank, Luther Burbank Savings
Strengths – Small loyal customer base, reputation, convenient branches, ability to adapt
Weaknesses – Low innovation and technology adoption
Strategies – Maintain niche identity through customer loyalty, revenue optimization, efficiency

4. Online Banks

Key Players – Ally Bank, Capital One 360, Discover Bank, Chime Bank, Varo Bank
Strengths – Large growing customer base, strong brand, no branches, lean operations, high efficiency
Weaknesses – High competition, regulatory costs, low customer satisfaction and trust, high attrition
Strategies – Disrupt the industry by acquiring/retaining customers, optimizing revenue, improving efficiency

Market Research

Our market research shows that:

California has a large, competitive, growing banking market with 128 banks and $560 billion in assets.
Our target customers are the SMBs in California, which is 99.8% of the businesses and employ 7.2-7.4 million employees.
Our main competitors are national and regional banks in California that offer similar banking products and services.

We conclude that:

Based on the information provided in our loan officer business plan , there is a promising business opportunity for us to venture into and establish a presence in the banking market in California.
We should focus on the SMBs in California, as they have various unmet banking needs, preferences, behavior, and a high potential for growth and profitability.

Operations Plan

Our operational structure and processes form the basis of our operations plan, and they are as follows:

Location and Layout – We have a network of 10 branches and 50 ATMs across our target area in California. We strategically place our branches and ATMs in convenient and high-traffic locations.
Equipment and Technology – We use modern equipment and technology to provide our products and services. We have computers and software for banking functions; security systems to protect branches and ATMs; communication systems to communicate with customers and staff; inventory and supplies to operate branches and ATMs.
Suppliers and Vendors – We work with reliable suppliers and vendors that provide our inventory and supplies like cash, cards, paper, etc. We have supplier management systems to evaluate performance.
Staff and Management – Our branches have staff like branch managers, customer service representatives, tellers, and ATM technicians with suitable qualifications and experience.
Policies and Procedures – We have policies for customer service, cash handling, card handling, and paper handling to ensure quality, minimize losses, and comply with regulations. We use various tools and systems to implement these policies.

Management Team

The following individuals make up our management team:

Earl Yao, CEO and Founder – Earl is responsible for establishing and guiding the bank’s vision, mission, strategy, and overall operations. He brings with him over 20 years of banking experience.
Paula Wells, CFO and Co-Founder – Paula oversees financial planning, reporting, analysis, compliance, and risk management.
Mark Hans, CTO – Mark leads our technology strategy, infrastructure, innovation, and digital transformation.
Emma Smith, CMO – Emma is responsible for designing and implementing our marketing strategy and campaigns.
David O’kane, COO – David manages the daily operations and processes of the bank ensuring our products and services meet the highest standards of quality and efficiency.

Financial Projections

Our assumptions and drivers form the basis of our financial projections, which are as follows:

Assumptions: We have made the following assumptions for our collection agency business plan :

Start with 10 branches, 50 ATMs in January 2024
Grow branches and ATMs 10% annually
10,000 customers per branch, 2,000 per ATM
5% average loan rate, 2% average deposit rate
80% average loan-to-deposit ratio
$10 average fee per customer monthly
$100,000 average operating expense per branch monthly
$10,000 average operating expense per ATM monthly
25% average tax rate

Our financial projections are as per our:

Projected Income Statement
Projected Cash Flow Statement
Projected Balance Sheet
Projected Financial Ratios and Indicators

Select the Legal Framework for Your Bank

Our legal structure and requirements form the basis of our legal framework, which are as follows:

Legal Structure and Entity – We have chosen to incorporate our bank as a limited liability company (LLC) under the laws of California.

Members – We have two members who own and control our bank: Earl Yao and Paula Wells, the founders and co-founders of our bank.

Manager – We have appointed Mark Hans as our manager who oversees our bank’s day-to-day operations and activities.

Name – We have registered our bank’s name as ABC Bank LLC with the California Secretary of State. We have also obtained a trademark registration for our name and logo.

Registered Agent – We have designated XYZ Registered Agent Services LLC as our registered agent authorized to receive and handle legal notices and documents on behalf of our bank.

Licenses and Approvals – We have obtained the necessary licenses and approvals to operate our bank in California, including:

Federal Deposit Insurance Corporation (FDIC) Insurance
Federal Reserve System Membership
California Department of Financial Protection and Innovation (DFPI) License
Business License
Employer Identification Number (EIN)
Zoning and Building Permits

Legal Documents and Agreements – We have prepared and signed the necessary legal documents and agreements to form and operate our bank, including:

Certificate of Formation
Operating Agreement
Membership Agreement
Loan Agreement
Card Agreement
Paper Agreement

Keys to Success

We analyze our market, customers, competitors, and industry to determine our keys to success. We have identified the following keys to success for our bank.

Customer Satisfaction

Customer satisfaction is vital for any business, especially a bank relying on loyalty and referrals. It is the degree customers are happy with our products, services, and interactions. It is influenced by:

Product and service quality – High-quality products and services that meet customer needs and preferences
Customer service quality – Friendly, professional, and helpful customer service across channels
Customer experience quality – Convenient, reliable, and secure customer access and transactions

We will measure satisfaction with surveys, feedback, mystery shopping, and net promoter scores. Our goal is a net promoter score of at least 8.

Operational Efficiency

Efficiency is key in a regulated, competitive environment. It is using resources and processes effectively to achieve goals and objectives. It is influenced by:

Resource optimization – Effective and efficient use and control of capital, staff, and technology
Process improvement – Streamlined, standardized processes measured for performance
Performance management – Managing financial, operational, customer, and stakeholder performance

We will measure efficiency with KPIs, metrics, dashboards, and operational efficiency ratios. Our goal is an operational efficiency ratio below 50%.

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Highly efficient service.

Highly Efficient Service! I am incredibly happy with the outcome; Alex and his team are highly efficient professionals with a diverse bank of knowledge.

Are you looking to hire business plan writers to start a bank business plan? At OGSCapital, we can help you create a customized and high-quality bank development business plan to meet your goals and exceed your expectations.

We have a team of senior business plan experts with extensive experience and expertise in various industries and markets. We will conduct thorough market research, develop a unique value proposition, design a compelling financial model, and craft a persuasive pitch deck for your business plan. We will also offer you strategic advice, guidance, and access to a network of investors and other crucial contacts.

We are not just a business plan writing service. We are a partner and a mentor who will support you throughout your entrepreneurial journey. We will help you achieve your business goals with smart solutions and professional advice. Contact us today and let us help you turn your business idea into a reality.

Frequently Asked Questions

How do I start a small bank business?

To start a small bank business in the US, you need to raise enough capital, understand how to make a business plan for the bank, apply for a federal or state charter, register your bank for taxes, open a business bank account, set up accounting, get the necessary permits and licenses, get bank insurance, define your brand, create your website, and set up your phone system.

Are banks profitable businesses?

Yes, banks are profitable businesses in the US. They earn money through interest on loans and fees for other services. The commercial banking industry in the US has grown 5.6% per year on average between 2018 and 2023.

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Free PDF Business Plan Templates and Samples

By Joe Weller | September 9, 2020

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We’ve gathered the most useful collection of business plan PDF templates and samples, including options for organizations of any size and type.

On this page, you’ll find free PDF templates for a simple business plan , small business plan , startup business plan , and more.

Simple Business Plan PDF Templates

These simple business plan PDF templates are ready to use and customizable to fit the needs of any organization.

Simple Business Plan Template PDF

This template contains a traditional business plan layout to help you map out each aspect, from a company overview to sales projections and a marketing strategy. This template includes a table of contents, as well as space for financing details that startups looking for funding may need to provide.

Download Simple Business Plan Template - PDF

Lean Business Plan Template PDF

This scannable business plan template allows you to easily identify the most important elements of your plan. Use this template to outline key details pertaining to your business and industry, product or service offerings, target customer segments (and channels to reach them), and to identify sources of revenue. There is also space to include key performance metrics and a timeline of activities.

Download Lean Business Plan Template - PDF

Simple 30-60-90 Day Business Plan Template PDF

This template is designed to help you develop and implement a 90-day business plan by breaking it down into manageable chunks of time. Use the space provided to detail your main goals and deliverables for each timeframe, and then add the steps necessary to achieve your objectives. Assign task ownership and enter deadlines to ensure your plan stays on track every step of the way.

Download Simple 30-60-90 Day Business Plan Template

PDF | Smartsheet

One-Page Business Plan PDF Templates

The following single page business plan templates are designed to help you download your key ideas on paper, and can be used to create a pitch document to gain buy-in from partners, investors, and stakeholders.

One-Page Business Plan Template PDF

Use this one-page template to summarize each aspect of your business concept in a clear and concise manner. Define the who, what, why, and how of your idea, and use the space at the bottom to create a SWOT analysis (strengths, weaknesses, opportunities, and threats) for your business.

Download One-Page Business Plan Template

If you’re looking for a specific type of analysis, check out our collection of SWOT templates .

One-Page Lean Business Plan PDF

This one-page business plan template employs the Lean management concept, and encourages you to focus on the key assumptions of your business idea. A Lean plan is not stagnant, so update it as goals and objectives change — the visual timeline at the bottom is ideal for detailing milestones.

Download One-Page Lean Business Plan Template - PDF

One-Page 30-60-90 Day Business Plan Template

Use this business plan template to identify main goals and outline the necessary activities to achieve those goals in 30, 60, and 90-day increments. Easily customize this template to fit your needs while you track the status of each task and goal to keep your business plan on target.

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For additional single page plans, including an example of a one-page business plan , visit " One-Page Business Plan Templates with a Quick How-To Guide ."

Small Business Plan PDF Templates

These business plan templates are useful for small businesses that want to map out a way to meet organizational objectives, including how to structure, operate, and expand their business.

Simple Small Business Plan Template PDF

A small business can use this template to outline each critical component of a business plan. There is space to provide details about product or service offerings, target audience, customer reach strategy, competitive advantage, and more. Plus, there is space at the bottom of the document to include a SWOT analysis. Once complete, you can use the template as a basis to build out a more elaborate plan.

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Fill-In-the-Blank Small Business Plan Template PDF

Simple Fill In The Blank Business Plan Template

This fill-in-the-blank template walks you through each section of a business plan. Build upon the fill-in-the-blank content provided in each section to add information about your company, business idea, market analysis, implementation plan, timeline of milestones, and much more.

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One-Page Small Business Plan Template PDF

One Page Business Plan For Small Business Template

Use this one-page template to create a scannable business plan that highlights the most essential parts of your organization’s strategy. Provide your business overview and management team details at the top, and then outline the target market, market size, competitive offerings, key objectives and success metrics, financial plan, and more.

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Startup Business Plan PDF Templates

Startups can use these business plan templates to check the feasibility of their idea, and articulate their vision to potential investors.

Startup Business Plan Template

Use this business plan template to organize and prepare each essential component of your startup plan. Outline key details relevant to your concept and organization, including your mission and vision statement, product or services offered, pricing structure, marketing strategy, financial plan, and more.

‌Download Startup Business Plan Template

Sample 30-60-90 Day Business Plan for Startup

Startups can use this sample 30-60-90 day plan to establish main goals and deliverables spanning a 90-day period. Customize the sample goals, deliverables, and activities provided on this template according to the needs of your business. Then, assign task owners and set due dates to help ensure your 90-day plan stays on track.

‌Download Sample 30-60-90 Day Business Plan for Startup Template

For additional resources to create your plan, visit “ Free Startup Business Plan Templates and Examples .”

Nonprofit Business Plan PDF Templates

Use these business plan PDF templates to outline your organization’s mission, your plan to make a positive impact in your community, and the steps you will take to achieve your nonprofit’s goals.

Nonprofit Business Plan Template PDF

Fill-in-the-Blank Nonprofit Business Plan Template

Use this customizable PDF template to develop a plan that details your organization’s purpose, objectives, and strategy. This template features a table of contents, with room to include your nonprofit’s mission and vision, key team and board members, program offerings, a market and industry analysis, promotional plan, financial plan, and more. This template also contains a visual timeline to display historic and future milestones.

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One-Page Business Plan for Nonprofit Organization PDF

One Page Business Plan for Nonprofit Organizations Template

This one-page plan serves as a good starting point for established and startup nonprofit organizations to jot down their fundamental goals and objectives. This template contains all the essential aspects of a business plan in a concise and scannable format, including the organizational overview, purpose, promotional plan, key objectives and success metrics, fundraising goals, and more.

Download One-Page Business Plan for Nonprofit Organization Template - PDF

Fill-In-the-Blank Business Plan PDF Templates

Use these fill-in-the-blank templates as a foundation for creating a comprehensive roadmap that aligns your business strategy with your marketing, sales, and financial goals.

Simple Fill-In-the-Blank Business Plan PDF

The fill-in-the-blank template contains all the vital parts of a business plan, with sample content that you can customize to fit your needs. There is room to include an executive summary, business description, market analysis, marketing plan, operations plan, financial statements, and more.

Download Simple Fill-In-the-Blank Business Plan Template - PDF

Lean Fill-In-the-Blank Business Plan PDF

This business plan is designed with a Lean approach that encourages you to clarify and communicate your business idea in a clear and concise manner. This single page fill-in-the-blank template includes space to provide details about your management team, the problem you're solving, the solution, target customers, cost structure, and revenue streams. Use the timeline at the bottom to produce a visual illustration of key milestones.

Download Fill-In-the-Blank Lean Business Plan Template - PDF

For additional resources, take a look at " Free Fill-In-the-Blank Business Plan Templates ."

Sample Business Plan PDF Templates

These sample business plan PDF templates can help you to develop an organized, thorough, and professional business plan.

Business Plan Sample

This business plan example demonstrates a plan for a fictional food truck company. The sample includes all of the elements in a traditional business plan, which makes it a useful starting point for developing a plan specific to your business needs.

Download Basic Business Plan Sample - PDF

Sample Business Plan Outline Template

Use this sample outline as a starting point for your business plan. Shorten or expand the outline depending on your organization’s needs, and use it to develop a table of contents for your finalized plan.

Download Sample Business Plan Outline Template - PDF

Sample Business Financial Plan Template

Use this sample template to develop the financial portion of your business plan. The template provides space to include a financial overview, key assumptions, financial indicators, and business ratios. Complete the break-even analysis and add your financial statements to help prove the viability of your organization’s business plan.

Download Business Financial Plan Template

PDF | Smartsheet

For more free, downloadable templates for all aspects of your business, check out “ Free Business Templates for Organizations of All Sizes .”

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How to Create a Fruitful Bank Business Plan- Free PDF Included

Tamana Gupta

A bank is a type of financial institution that accepts deposits and extracts money from customers' accounts. The banking industry, like other businesses, needed a large capital expenditure to get off the ground.

A business plan for the banking sector is essential for starting and growing banks. Financial institutions need a business plan for banks because their regulations are based on similar ones. So, it should be designed to grab the interest of lenders, stakeholders, and investors.

Business plans for the banking sector must include clear and attainable goals for the future, marketing strategies, timeliness, ways to use the investments and information about the organization. For the company to achieve its objectives, it must project the estimations of the commercial operations that have been planned during the previous three fiscal years and evaluate their viability.

Guidelines for Writing a Business Plan for the Banking Sector

Prepare a thorough banking business plan by going through all the relevant topics in depth. Provide the reasons for starting the firm and the goals that demonstrate the entrepreneur's skill and pique the interest of venture capitalists. Before creating a business plan for the banking industry, there are a few questions that should be adequately addressed. As follows:

What kind of market do you have, and where?

What is the likely range of your industrial expansion?

Who are your intended customers?

What types of regulations will you put in place to lure consumers?

How will you carry out your carefully thought-out policies and take the appropriate measures in response?

So, here are a few of the essential slides that you must incorporate into your business plan to make it stand out.

# Detailed overview of the bank

This slide is to portray organization details including name, incorporation date, web address, start-up investment, services, etc. It also covers the quick pitch and goals and objectives of the bank.

The company overview is part of your business plan that gives the basics and background of your business. It's the foundation on which you will build the rest of your business plan. You need the reader to be well-informed about your business to entice investors or future customers.

This slide is 100% editable, so download it right now.

Download this Template Now

# Market gap and opportunity of a banking firm

The purpose of this slide is to highlight the market gap and focus on devising solutions to overcome those challenges. It also helps to identify unexplored areas that other businesses in the same space are not serving currently.

A market gap is an area where there is a need from customers but where businesses do not already fill the void. A market gap opportunity is a chance to create and offer something currently unavailable.

So, highlight the market gap along with its solution in the slide to give a glimpse to the investor.

# Description of products and services offered by the bank

This slide is to express the benefits the bank provides to its customers or clients. It includes individual, business, and digital banking services in addition to all kinds of loan services.

Your business plan's section on products and services helps the reader understand why you're in business, what you sell, how you compete with existing options, or how you fill a market gap that no one else is filling.

So, highlight the different services your bank is offering to you.

# Choosing an ideal business location for the bank

This slide portrays an ideal business location for the bank that minimizes the risk of failure. It covers gathering and analyzing data in order to select the optimal location in terms of feasibility, economy, and future sustainability.

Choosing an apt location for your business not only helps you in retaining employees but also makes you more accessible in attracting target customers.

So, highlight the few things you are considering while choosing the location to make the users of the business plan aware.

# Major restraints hampering growth in the banking industry

The idea behind this slide is to guide stakeholders about the problems prevailing in the industry. It covers various challenges such as technology, meaningful experience, and sustainability.

However, highlighting the major restraints in a business plan will make you understand the clear-cut challenges that they have to overcome.

# Evaluating client journey through a sales funnel

This slide highlights customer journey mapping to track users' actions and key touch points across levels such as awareness, conversion, loyalty, and retention. It enables organizations to see how well each step of the sales process is working.

A sales funnel is a word used in marketing, to sum up and define the path taken by potential clients from prospecting to purchase.

# Understanding the bank’s operational framework to ensure success

The purpose of this slide is to outline the key objectives and goals of an organization and how to reach them by crafting an operational plan. It keeps teams on track while guiding them in making crucial decisions about the banks’ long-term strategy.

In this slide, you can highlight the 1-YEAR plan, 3-YEAR plan, and 5-YEAR onwards plan to achieve the goals and objectives.

# Deploying an efficient organizational structure for smooth operations

The purpose of this slide is to craft a successful hierarchical framework for the bank to ensure smooth operations. It includes personal bankers, cashiers, clerks, technical supervisors, etc.

An organizational structure is a system that defines how specific tasks are directed in order to fulfill the goals of an organization.

So, highlight the organizational chart in the slide to make it clear to the audience, how the pattern is being followed in the organization.

# Job roles and responsibilities of each department (contd.)

This slide aims to highlight key job roles and responsibilities of the bank staff to ensure effectiveness and efficiency in the operations. It also helps in avoiding duplication of work. Job responsibilities refer to the duties and tasks of their particular roles.

Companies that identify roles and responsibilities can streamline their hiring processes. It may encourage their employees to perform better and pay closer attention at work. It also helps enhance operational efficiency by removing confusion and redundancy.

# Possible exit options for stakeholders

This bank business plan slide represents exit strategy for stakeholders such as IPO, Mergers, Acquisitions, Private offerings, and Venture Capital. It gives a business owner a way to reduce or liquidate their stake in a business and make a substantial profit if the business is successful.

An exit option is a clause in a business plan or project that enables a corporation to abandon the venture with only minor financial repercussions.

So download this ready-to-use PowerPoint presentation and edit the text as per your requirement.

Wrapping up

You can get all the information you need to understand the market, the industry, and both at once for the bank business plan in this PowerPoint.

At SlideTeam, a group of researchers and designers work together on projects to create material that satisfies customer requirements. You alter our business plan ppt to suit a person's unique professional needs.

What is the purpose of a business plan for a bank?

A business plan outlines your growth strategy for the next five years and gives a current picture of your bank. It outlines your company's objectives and your plans for achieving them. Market research is also included to help you with your plans.

Which three business models do banks typically use?

A commercial bank with retail funding, a commercial bank with wholesale funding, and a bank focused on the capital markets are the three business models we identify. While the third type stands out principally due to banks' growing involvement in trading activities, the first two models differ primarily in how banks choose to fund their operations.

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How to Write a Successful Digital Bank Business Plan (+ Template)

Creating a business plan is essential for any business, but it can be especially helpful for digital bank businesses that want to improve their strategy or raise funding.

A well-crafted business plan outlines the vision for your company, but also documents a step-by-step roadmap of how you will accomplish it. To create an effective business plan, you must first understand the components essential to its success.

This article provides an overview of the critical elements every digital bank business owner should include in their business plan.

Download the Ultimate Business Plan Template

What is a Digital Bank Business Plan?

A digital bank business plan is a formal written document describing your company’s business strategy and feasibility. It documents the reasons you will be successful, your areas of competitive advantage, and it includes information about your team members. Your business plan is a critical document that will convince investors and lenders (if needed) that you are positioned to become a successful venture.

Why Write a Digital Bank Business Plan?

A digital bank business plan is required for banks and investors. The document is a clear and concise guide to your business idea and the steps you will take to make it profitable.

Entrepreneurs can also use this as a roadmap when starting their new company or venture, especially if they are inexperienced in starting a business.

Writing an Effective Digital Bank Business Plan

The following are the critical components of a successful digital bank business plan:

Executive Summary

The executive summary of a digital bank business plan is a one- to two-page overview of your entire business plan. It should summarize the main points, which will be presented in full in the rest of your business plan.

Start with a one-line description of your digital bank company
Provide a summary of the key points in each section of your business plan, which includes information about your company’s management team, industry analysis, competitive analysis, and financial forecast, among others.

Company Description

This section should include a brief history of your company. Include a short description of how your company started and provide a timeline of milestones your company has achieved.

You may not have a long company history if you are just starting your digital bank business. Instead, you can include information about your professional experience in this industry and how and why you conceived your new venture. If you have worked for a similar company or been involved in an entrepreneurial venture before starting your digital bank firm, mention this.

You will also include information about your chosen digital bank business model and how, if applicable, it is different from other companies in your industry.

Industry Analysis

The industry or market analysis is an important component of a digital bank business plan. Conduct thorough market research to determine industry trends and document the size of your market.

Questions to answer include:

What part of the digital bank industry are you targeting?
How big is the market?
What trends are happening in the industry right now (and if applicable, how do these trends support your company’s success)?

You should also include sources for your information, such as published research reports and expert opinions.

Customer Analysis

This section should include a list of your target audience(s) with demographic and psychographic profiles (e.g., age, gender, income level, profession, job titles, interests). You will need to provide a profile of each customer segment separately, including their needs and wants.

For example, a digital bank business’ customers may include:

Small businesses that need online banking solutions
Start-ups and tech companies that are looking for innovative ways to manage their finances
Freelancers and consultants who need a simple way to get paid and track expenses

You can include information about how your customers decide to buy from you and what keeps them buying from you.

Develop a strategy for targeting those customers who are most likely to buy from you, as well as those that might be influenced to buy your products or digital bank services with the right marketing.

Competitive Analysis

The competitive analysis helps you determine how your product or service will differ from competitors, and what your unique selling proposition (USP) might be that will set you apart in this industry.

For each competitor, list their strengths and weaknesses. Next, determine your areas of competitive advantage; that is, in what ways are you different from and ideally better than your competitors.

Below are sample competitive advantages your digital bank business may have:

24/7 customer service
Higher deposit limits
More locations
Better mobile app

Marketing Plan

This part of the business plan is where you determine and document your marketing plan. . Your plan should be laid out, including the following 4 Ps.

Product/Service : Detail your product/service offerings here. Document their features and benefits.
Price : Document your pricing strategy here. In addition to stating the prices for your products/services, mention how your pricing compares to your competition.
Place : Where will your customers find you? What channels of distribution (e.g., partnerships) will you use to reach them if applicable?
Promotion : How will you reach your target customers? For example, you may use social media, write blog posts, create an email marketing campaign, use pay-per-click advertising, or launch a direct mail campaign. Or you may promote your digital bank business via a PR or influencer marketing campaign.

Operations Plan

This part of your digital bank business plan should include the following information:

How will you deliver your product/service to customers? For example, will you do it in person or over the phone?
What infrastructure, equipment, and resources are needed to operate successfully? How can you meet those requirements within budget constraints?

You also need to include your company’s business policies in the operations plan. You will want to establish policies related to everything from customer service to pricing, to the overall brand image you are trying to present.

Finally, and most importantly, your Operations Plan will outline the milestones your company hopes to achieve within the next five years. Create a chart that shows the key milestone(s) you hope to achieve each quarter for the next four quarters, and then each year for the following four years. Examples of milestones for a digital bank business include reaching $X in sales. Other examples include expanding to new markets, developing new products and services, and hiring new personnel.

Management Team

List your team members here, including their names and titles, as well as their expertise and experience relevant to your specific digital bank industry. Include brief biography sketches for each team member.

Particularly if you are seeking funding, the goal of this section is to convince investors and lenders that your team has the expertise and experience to execute on your plan. If you are missing key team members, document the roles and responsibilities, you plan to hire for in the future.

Financial Plan

Here, you will include a summary of your complete and detailed financial plan (your full financial projections go in the Appendix).

This includes the following three financial statements:

Income Statement

Your income statement should include:

Revenue : how much revenue you generate.
Cost of Goods Sold : These are your direct costs associated with generating revenue. This includes labor costs, as well as the cost of any equipment and supplies used to deliver the product/service offering.
Net Income (or loss) : Once expenses and revenue are totaled and deducted from each other, this is the net income or loss.

Sample Income Statement for a Startup Digital Bank Firm

Balance sheet.

Include a balance sheet that shows your assets, liabilities, and equity. Your balance sheet should include:

Assets : All of the things you own (including cash).
Liabilities : This is what you owe against your company’s assets, such as accounts payable or loans.
Equity : The worth of your business after all liabilities and assets are totaled and deducted from each other.

Sample Balance Sheet for a Startup Digital Bank Firm

Cash flow statement.

Include a cash flow statement showing how much cash comes in, how much cash goes out and a net cash flow for each year. The cash flow statement should include ash flow from:

Investments

Below is a sample of a projected cash flow statement for a startup digital bank business.

Sample Cash Flow Statement for a Startup Digital Bank Firm

Finally, you will also want to include an appendix section which will include:

Your complete financial projections
A complete list of your company’s business policies and procedures related to the rest of the business plan (marketing, operations, etc.)
Any other documentation which supports what you included in the body of your business plan.

Create Your Digital Bank Business Plan

Writing a good business plan gives you the advantage of being fully prepared to launch and/or grow your digital bank company. It not only outlines your business vision but also provides a step-by-step process of how you are going to accomplish it.

Now that you know how to write a business plan for your digital bank, you can get started on putting together your own.

Finish Your Business Plan in 1 Day!

Wish there was a faster, easier way to finish your business plan?

With our Ultimate Business Plan Template you can finish your plan in just 8 hours or less!

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daily current affairs 21 may 2024

Daily Current Affairs 21 May 2024 | Latest News | Download Free PDF

May 21 2024

Dear Readers, get to know the daily current affairs today covering all the National & International Events provided here in this article. Current Affairs is an important topic in various competitive exams like IBPS/SBI/PO/Clerk and other competitive exams. To score better in this section, be updated with the daily happenings. Check the Daily Current Affairs February 2024 updates here. Revision is very important in remembering current affairs. Candidates after learning the Daily current affairs May 21 2024, can test their knowledge by attempting Current Affairs Quiz provided with answers. Daily current affairs May 21 2024 covers current affairs from International & National news, Important Days, State News, Banking & Economy, Business News, Appointments & Resignation, Awards & Honour, Books & Authors, Sports News, etc.,

Daily Current Affairs PDF of 21st May 2024

Get more: static gk pdfs, current affairs : banking & finance, new point of sale deployment slows to lowest growth rate since demonetisation: rbi data .

The convenience of Unified Payments Interface (UPI) platforms is increasingly favoured by merchants and consumers, reducing the reliance on debit cards for cashless transactions.

Key Highlights :

New PoS Terminal Deployment: The deployment of new point-of-sale (PoS) terminals grew at the slowest pace in fiscal 2023-24 since demonetisation, according to RBI data.
New PoS terminal deployment rose by 14% between March 2023 and 2024, compared to 28% and 29% in the preceding two years.
The highest growth rate in recent years was 82% in 2016-2017, following demonetisation when the base was 1.38 million machines.
Impact of UPI on PoS Deployment: Despite ongoing deployment of PoS terminals due to merchants wanting to offer various payment options and increased credit card usage, QR code-based UPI transactions are becoming more popular.
Growth of UPI QR Codes: Deployment of QR codes for UPI payments has doubled in the last two years.
In March 2023, there were 346 million QR codes in use , compared to 172 million in March 2022.
Merchant Discount Rate (MDR): The government mandate for zero merchant discount rate (MDR) on UPI transactions is encouraging merchants to prefer UPI payments over card swipes.
Transaction Data :Debit card transactions at merchant outlets decreased by 32%, from 237 million in March 2022 to 160 million in March 2023.
UPI merchant transactions increased by 72% , from 4.82 billion to 8.30 billion during the same period.

About UPI :

Unified Payments Interface (UPI) is a system that powers multiple bank accounts into a single mobile application.
It is developed by the National Payments Corporation of India (NPCI).
It was introduced in April 2016.

IFC Provides $500 Million Financing to HDFC Bank to Boost Microloans

The International Finance Corporation (IFC) has extended $500 million in financing to HDFC Bank to expand microloans for underserved women borrowers in India.
Women, particularly microloan borrowers in semi-urban and rural areas, will benefit from increased access to finance due to IFC's financing of up to $500 million to HDFC Bank.
HDFC Bank will utilize IFC's financing for on-lending as microloans to Self-Help Groups (SHGs) and Joint Liability Groups (JLGs) enrolled in the Sustainable Livelihoods Initiative (SLI).
SLI is HDFC Bank's business line dedicated to microfinance lending programs exclusively for women borrowers.

About IFC :

The International Finance Corporation is an international financial institution that offers investment, advisory, and asset-management services to encourage private-sector development in less developed countries.
The IFC is a member of the World Bank Group and is headquartered in Washington, D.C. in the United States.

About HDFC Bank :

Founded : 1st July 2023 (via the merger between HDFC-HDFC bank)
Headquarters : Mumbai, Maharashtra, India
MD & CEO : Sashidhar Jagdishan
Tagline : We Understand Your World

SBI General Insurance Partners with CAMS to Launch Bima Central, a Groundbreaking Policyholder Servicing Platform

SBI General Insurance Company Limited, one of India’s top general insurance carriers, has partnered with Bima Central , built by CAMS Insurance Repository, to launch the industry-first policyholder servicing platform, Bima Central.
Functionality of Bima Central: The platform allows consumers to aggregate their insurance portfolios via an electronic Insurance Account (eIA).
Users can manage their insurance policies effortlessly through a single digital portal, Bima Central.
Unique Feature : For the first time in the market, SBI General Insurance customers with an eIA through CAMS Rep Bima Central will have immediate access to their insurance portfolio via the SBI General Insurance Mobile App.
Consumer Benefit: The integration enables seamless management and access to insurance portfolios, enhancing convenience and efficiency for policyholders.

About SBI General Insurance Company Limited :

Founded : 2009 (started operations in 2010)
MD & CEO : Kishore Poludasu
It is a joint venture between the State Bank of India (SBI) and the Insurance Australia Group (IAG).

CURRENT AFFAIRS: NATIONAL NEWS

Gail hires lng ship from coolco.

State-owned gas utility GAIL (India) Ltd has hired a liquefied natural gas (LNG) carrier from NYSE-listed Cool Company for 14 years to augment its transportation capability to meet India's rising gas needs.
The time charter for the LNG carrier will commence in early 2025 and GAIL will have the option to extend it by two additional years beyond the firm 14-year period.
GAIL presently has four LNG carriers in its fleet and the one coming from CoolCo will be the fifth.
Last year, GAIL hired an LNG carrier from Japanese shipping company Mitsui OSK Lines.
This was the second MOL Group LNG carrier serving GAIL.
The first vessel, named GAIL Bhuwan, was chartered in 2021.
The second vessel, taken in December 2023, was named GAIL Urja.
GAIL Limited Headquarters: New Delhi, Sandeep Kumar Gupta; (Chairman & MD).

Cabinet Approves Ambitious IndiaAI Mission to Strengthen the AI Innovation Ecosystem

The Government of India launched the IndiaAI Mission with a budget outlay of Rs.10,371.92 crore , a comprehensive national-level program to democratize and catalyze the AI innovation ecosystem in the country and ensure the global competitiveness of India’s AI startups and researchers.
The IndiaAI mission will establish a comprehensive ecosystem catalyzing AI innovation through strategic programs and partnerships across the public and private sectors.
The Mission will be implemented by ‘ IndiaAI’ Independent Business Division (IBD) under Digital India Corporation (DIC).
The government will fund up to 50 per cent of AI compute infrastructure that will be created in partnership with the private sector.
The government is looking to set up at least 10,000 graphics processing unit (GPU) based compute capacity in the country soon.
Meity has set a target to make available GPU-based servers approved under the IndiaAI Mission by March 2026.
The rapid development of AI across the globe has led to an increase in demand for GPU-based servers as they can process data at a higher speed compared to CPU-based servers.
The Cabinet has approved the India AI Mission with an outlay of Rs 10,372 crore for five years to encourage AI development in the country.
The funding for the project could be done by the government either through a viability gap funding or voucher-based system.

CURRENT AFFAIRS : INTERNATIONAL NEWS

South african government urges faster visa issuance for indian tourists .

The South African government is developing mechanisms for the speedy clearance of visa applications from India and is working on a proposal to introduce E-Visas for Indian tourists .
In the first quarter of 2024, 16,000 Indian visitors travelled to South Africa.
The initiative was announced during an event organised by South Africa Tourism.
Presidential Directive: South African President Cyril Ramaphosa has requested a joint report from the Ministers of Tourism, Home Affairs, and State Security on measures to expedite visa clearance.
Visa Waiver Proposal: The Tourism Ministry has proposed a 90-day visa waiver for passengers from both China and India.
Current Visa Waivers : Currently, passengers from Russia and Brazil receive a visa waiver for up to 90 days in one calendar year. They also have the option to apply for a visa extension while in South Africa.
BRICS Alliance: The visa waiver facility will be extended to passengers from India and China, who are also members of the BRICS alliance.

About South Africa :

President : Cyril Ramaphosa
Capital : Pretoria (executive), Cape Town (legislative), Bloemfontein (judicial)
Currency : South African rand

CURRENT AFFAIRS: BUSINESS NEWS

Thomas cook india launched tcpay, shares rise 2.26%.

Thomas Cook (India) Limited’s shares were up by 2.26 per cent after the company launched TCPay , it is a service aimed at simplifying international money transfers.
The company said sending money abroad involved visiting branches, cumbersome paperwork, and limited operating hours.
TCPay aims to change this by offering a digital interface that allows for paperless transactions.
The service is further enhanced by Thomas Cook’s recently launched Video KYC process, which enables customers to transfer funds conveniently from their homes.
Thomas Cook reported that TCPay offers advantages, including 24x7 access, transfers, and a digital interface accessible through Thomas Cook’s digital tools such as FXNOW (B2C app), Portal, and Call Center for assistance.
The Video KYC process is made to ensure convenient, safe, and quick transactions for customers.
The shares were up 2.26 per cent to ₹203.35 at 11.37 on the BSE.

IREDA incorporates a subsidiary in GIFT City, Gujarat

The Indian Renewable Energy Development Agency Ltd (IREDA) has incorporated a wholly-owned subsidiary in the International Financial Services Centre (IFSC) located in GIFT City, Gujarat .
The subsidiary, “ IREDA Global Green Energy Finance IFSC Limited ,” was officially incorporated on May 7, after receiving the No Objection letter from the Reserve Bank of India on February 8.
This subsidiary not only positions IREDA to extend its global reach but also acts as an offshore platform for securing competitive funding to drive the renewable energy sector’s growth, aligning with the Government of India’s ambitious ‘Panchamrit’ targets.

CURRENT AFFAIRS : APPOINTMENTS & RESIGNATIONS

Itc chairman sanjiv puri, assumes role as confederation of indian industry president, succeeds r dinesh .

Sanjiv Puri , chairman and managing director of consumer goods major ITC Limited., has taken over as president of the Confederation of Indian Industry (CII) for the 2024-25 period.
He takes over from R Dinesh , Chairman of TVS Supply Chain Solutions.

About Sanjiv Puri :

Puri heads ITC Ltd, a conglomerate with businesses in FMCG, hotels, paperboards & packaging, agribusiness, and IT.
He is also the Chairman of ITC Infotech India Ltd, its subsidiaries in the UK and US, and Surya Nepal Private Ltd.

Other Appointments :

Rajiv Memani , Chairman of the India region of EY, has been appointed as the President-Designate of CII for the year 2024-25.
Memani is also a member of EY’s global management body as the chair of its global emerging markets committee.
He advises large Indian companies, private equity funds, and multinational organizations on various business strategies.
R Mukundan , Managing Director and CEO of Tata Chemicals Limited, has taken over as the Vice President of CII for the 2024-25 period.

About CII :

Established : 1895
Headquarters : New Delhi, India
Director General : Chandrajit Banerjee
The CII is a non-governmental trade association and advocacy group.

CURRENT AFFAIRS : PERSON IN NEWS

Gopi thotakura makes history as 1st indian space tourist on blue origin’s private astronaut launch .

Indian expatriate Gopi Thotakura made history as he became the first Indian space tourist and the second Indian to venture into space as part of the crew for Amazon founder Jeff Bezos' Blue Origin's NS-25 mission .
The Blue Origin successfully completed its 7th human spaceflight and the 25th flight for the New Shepard program.
Andhra-born Gopi Thotakura was a part of the crew among five other crew members.

List of other Crew Members :

Ed Dwight: Former Air Force aviator, became the oldest person in space at 90 years old.
Mason Angel: Founder of Industrious Ventures.
Sylvain Chiron: Spearheaded Brasserie Mont Blanc, a craft brewery in France.
Kenneth L. Hess: Software engineer and entrepreneur.
Carol Schaller: Retired Certified Public Accountant (CPA).
Note : Wing Commander Rakesh Sharma, a former Indian Air Force pilot, was the first Indian citizen to fly to space in 1984.
Blue Origin’s 7th human flight, NS-25, lifted off from Launch Site One in West Texas .
To date, Blue Origin has facilitated the journey of 31 individuals aboard the New Shepard, a compact and fully reusable rocket system named in homage to Alan Shepard, the first American in space.

About New Shepard :

New Shepard is a fully reusable sub-orbital launch vehicle developed for space tourism by Blue Origin.
It is named in homage to Alan Shepard, the first American in space, and is designed to transport astronauts and research payloads beyond the Karman line.

CURRENT AFFAIRS : ACQUISITIONS & MERGERS

Sbi acquires 6.125% stake in ccil ifsc, enhances presence in gift city .

State Bank of India (SBI) has executed transaction documents to acquire a 6.125% stake in CCIL IFSC Limited for ₹6.125 crore.
CCIL IFSC Description: CCIL IFSC will be incorporated with an authorised capital of ₹200 crore and paid-up capital of ₹100 crore.
It will operate the foreign currency settlement system and act as a clearing house and system operator at the International Financial Services Centre (IFSC) within the Gujarat International Finance Tec City (GIFT City).
Transaction Completion Timeframe : The indicative period for completing the transaction, which involves acquiring 61.25 lakh equity shares at ₹10 each, is up to six months from the date of execution of transaction documents.
Promoters and Stakes: The Clearing Corporation of India Ltd (CCIL) is promoting CCIL IFSC, holding a 57.125% stake in the proposed company.
SBI's Stake in CCIL: At the group level, SBI holds a 21.30% stake in CCIL, with SBI holding 16.80% and SBI-DFHI holding 4.50%.

About SBI :

Established : 1 July 1955
Chairman : Dinesh Kumar Khara
CFO : Kameshwar Rao Kodavanti

ICICI Bank to Acquire Small Stake in New Entity to be Established in GIFT-IFSC

ICICI Bank has entered into a memorandum of understanding (MoU) in relation to an investment in the equity shares of a company to be incorporated (Target Entity) as a subsidiary of The Clearing Corporation of India (CCIL) along with seven (7) other shareholders.
Post investment, ICICI Bank will hold 6.125% shareholding in the Target Entity through the acquisition of 6,125,000 equity shares of face value Rs 10 each.
The Target Entity is proposed to be incorporated as a subsidiary of CCIL.
The Target Entity, to be incorporated in GIFT-IFSC, will set up and operate the Foreign Currency Settlement System (FCSS) and act as a clearing house and system operator for the same.
The Target Entity will also provide services in GIFT-IFSC, including any or all of the services currently provided by CCIL in India, and undertake other permissible activities within GIFT-IFSC, subject to necessary approvals from relevant authorities under applicable laws.

About ICICI Bank :

Founded : 5 January 1994
MD & CEO : Sandeep Bakhshi

CURRENT AFFAIRS : DEFENCE NEWS

Indian army to receive igla-s air defence systems partially assembled in india .

The Indian Army is set to receive Russian Igla-S very short-range air defence systems (VSHORAD) under the fourth tranche of Emergency Procurements (EP).
These systems were contracted in 2023 , with deliveries beginning by the end of May 2024.
The Army is also set to receive the first of two Israeli Hermes-900 Medium Altitude Long Endurance Unmanned Aerial Vehicles (UAV) assembled by Adani Defence Systems and Technologies Limited (ADSTL) in Hyderabad next month.

About Igla-S :

The Igla-S systems are being assembled by ADSTL in India under technology transfer from Rosoboronexport , the Russian defense export agency.
The Army contracted 48 Igla-S launchers, 100 missiles, 48 night sights, and one missile testing station under a ₹260 crore contract.
Igla-S is a man-portable air defence system (MANPADS) developed by Russia.
It is a hand-held system designed to bring down low-flying aircraft and can also identify and neutralize air targets such as cruise missiles and drones.
It comprises the 9M342 missile, the 9P522 launching mechanism, the 9V866-2 mobile test station, and the 9F719-2 test set, providing a comprehensive air defence solution.
These components work together to provide a comprehensive air defence solution.
Igla-S has a range of 500 meters to 6 kilometers and can attack targets up to an altitude of 3.5 kilometers.
Its missile speed is 400 meters per second, and deployment time is 13 seconds.
The acquisition of Igla-S MANPADS enhances India's air defence capabilities, especially in mountainous regions, providing a crucial component in the soldier’s last line of defence against enemy combat aircraft, helicopters, and UAVs.

About Indian Army :

Chief of Defence Staff : General Anil Chauhan
Chief of the Army Staff : General Manoj Pande

CURRENT AFFAIRS: MOUS AND AGREEMENT

Indian oil signs second long-term lng deal with france's total energies.

Indian Oil Corporation Ltd signed a long-term contract with French energy giant TotalEnergies in France for supply of LNG (liquefied natural gas).
Under the contract, TotalEnergies would supply 1 million metric tonne per annum (mmtpa) of LNG to IOCL for a period of around 10 years.
This is the second long-term contract between the two companies in the past one year.
Last July, they had signed an agreement for supply of 0.8 mmtpa of LNG.
Around the same period last year, the public sector refining and marketing major also signed an agreement with Abu Dhabi National Oil Company (ADNOC) for the supply of 1.2 mmtpa of LNG starting 2026.
Chairperson: Shrikant Madhav Vaidya, Headquarters: New Delhi.

DRDO to collaborate with IIT Bhubaneswar for AI-driven surveillance, other projects

Defence Research and Development Organisation (DRDO) will collaborate with the Indian Institute of Technology (IIT) Bhubaneswar for artificial intelligence (AI) driven surveillance and other projects .
A meeting was held between DRDO and IIT Bhubaneswar officials recently.
Binay Das, director general (DG) of the Electronics and Communication Systems (ECS) cluster, DRDO, and many senior scientists and officials of both institutions were present in the meeting.
During the meeting, nine sanctioned projects of the ECS Cluster of DRDO were handed over to IIT Bhubaneswar while another 7 projects are in the process to be sanctioned with Rs 18 crore funding.
IIT Bhubaneswar will work on the sanctioned projects, which would be beneficial in electronics warfare, AI-driven surveillance, power systems, radar systems etc, officials said.
S R Samantaray, head of the School of Electrical sciences of IIT, the collaboration of IIT Bhubaneswar and DRDO will contribute to the emerging research and development need of defence applications, creating a platform for ‘Atma Nirbhar Bharat’.
This form of collaboration will enhance the sustainability of defence research programmes and will be part of the eco-system for nation building.

India inks 10-year deal to operate Iran's Chabahar port

India signed a 10-year contract with Iran to develop and operate the Iranian port of Chabahar, the Narendra Modi-led government said, strengthening relations with a strategic Middle Eastern nation.
India has been developing the port in Chabahar on Iran's south-eastern coast along the Gulf of Oman as a way to transport goods to Iran, Afghanistan and central Asian countries, bypassing the port of Karachi and Gwadar in its rival
S. sanctions on Iran, however, slowed the port's development.
The long-term deal was signed between Indian Ports Global Limited (IPGL) and the Port & Maritime Organisation of Iran , authorities in both countries said.
Under the agreement, IPGL will invest about $120 million while there will be an additional $250 million in financing, bringing the contract's value to $370 million, said Iranian Minister of Roads and Urban Development Mehrdad Bazrpash.
IPGL first took over operations of the port at the end of 2018 and has since handled container traffic of more than 90,000 TEUs and bulk and general cargo of more than 8.4 million tonnes

CURRENT AFFAIRS: SPORTS NEWS

Brazil declared host of 2027 women’s world cup at fifa congress.

Brazil was declared the host of the 2027 Women’s World Cup at the FIFA Congress , beating the joint bid of Belgium, Netherlands and Germany to become the first South American country to hold the tournament .
Brazil won with 119 votes versus 78 for the joint European entry, boosted by a technical evaluation from the world governing body FIFA that gave a high score for its commercial plan and stadiums purpose-built for the 2014 Men’s World Cup.
The 74th FIFA congress, making its debut in Premier League-mad Thailand , made its choice by open vote for the first time as the organisation seeks to move on from the corruption and shady dealing that dogged it in the past.
Brazil hosted the men’s football World Cups in 1950 and 2014; now it’s time for women.
This will be the first Women's World Cup to be held in South America.
The FIFA Women's World Cup has seen five nations crowned champions, with the 2023 title going to Spain.
FIFA President: Gianni Infantino.

Coca-Cola India announces its first-ever partnership with Hockey India, for the National Women's Hockey League

The Coca-Cola India Foundation, announces its first-ever partnership with Hockey India, for the National Women's Hockey League 2024 .
The 1st Phase of the tournament commenced on 30thApril, and it will conclude on 9thMay 2024, in Ranchi, Jharkhand.
The domestic league promises an exhilarating showcase of talent and skill.
The National Women's Hockey League features teams that secured top-eight positions in Pune's recently concluded 14th Hockey India Senior Women National Championship 2024.
The participating athletes represent various states, including Haryana, Maharashtra, Jharkhand, Madhya Pradesh, Bengal, Mizoram, Manipur, and Odisha.
In line with Coca-Cola India's commitment to sports, the three-year collaboration underscores its role in positively shaping the sports and gender equality landscape.
The partnership also aligns with the company's #SheTheDifference campaign, an initiative to celebrate, uplift, and support women.
This strategic partnership aims to elevate women's hockey by tackling essential components, such as providing specialized coaching, the provision of training equipment, nutritional support, and the organization of camps and tournaments to foster growth.

CURRENT AFFAIRS: IMPORTANT DAYS

World metrology day 2024 - may 20.

World Metrology Day is celebrated on May 20
This day is observed to raise the importance of Metrology. Metrology Day is prompted by the Measurements Standards Laboratory(MSL).
The first World Metrology Day was held in 1961 .
The World Metrological Organization came into force in 1950.
World Metrology Day commemorates the renowned meter convention in Paris, France in the year 1875.
After the convention, the Bureau International des Poids et Mesures(BIPM) and the International Organization of Legal Metrology (OIML) were established to ensure the importance of metrology.
The function of the World Metrological Organization is important to people’s health and safety.

Anti-Terrorism Day 2024 - May 21

Anti-Terrorism Day is celebrated every year on May 21 .
This day is to commemorate the death anniversary of former Prime Minister Rajiv Gandhi.
This day is observed on the death anniversary of former Prime Minister Rajiv Gandhi in 1991.
He was the sixth Prime Minister of India in 1984.
Later, he was killed by terrorists in a Campaign.
After the death of Rajiv Gandhi, the Government of V.P Singh has decided on May 21 as Anti-Terrorism Day is the 31st death anniversary of former Prime Minister Rajiv Gandhi.
On this day, the Anti Terrorism Pledge is taken in all public places, Government Offices, Government institutions, etc.

World Day For Cultural Diversity For Dialogue And Development 2024 - May 21

World Day for Cultural Diversity for Dialogue and Development was observed on May 21 .
UNESCO has adopted this day since 2001.
UNESCO adopted the World Day for Cultural Diversity in 2001.
In 2002, the United Nations General Assembly declared May 21 as World Day for Cultural Diversity for Dialogue and Development.
In 2015, the second committee of the United Nations General Assembly adopted the resolution on Cultural Diversity.
The United Nations General Assembly has sanctioned holidays for diversity issues.
The 17 Sustainable Development Goals (SDG) have been achieved by creating the function of cultures.

Daily CA One- Liner: May 21

State-owned gas utility GAIL (India) Ltd has hired a liquefied natural gas (LNG) carrier from NYSE-listed Cool Company for a 14-year period to augment its transportation capability to meet India's rising gas needs
Brazil was declared the host of the 2027 Women’s World Cup at the FIFA Congress , beating the joint bid of Belgium, Netherlands and Germany to become the first South American country to hold the tournament
Thomas Cook (India) Limited’s shares were up by 2.26 per cent after the company launched TCPay , it is a service aimed at simplifying international money transfers
The Indian Renewable Energy Development Agency Ltd (IREDA) has incorporated a wholly-owned subsidiary in the International Financial Services Centre (IFSC) located in GIFT City, Gujarat
Defence Research and Development Organisation (DRDO) will collaborate with Indian Institute of Technology (IIT) Bhubaneswar for artificial intelligence (AI) driven surveillance and other projects
The Coca-Cola India Foundation, announces its first-ever partnership with Hockey India, for the National Women's Hockey League 2024
World Metrology Day is celebrated on May 20 annually
Anti-Terrorism Day is celebrated every year on May 21
World Day for Cultural Diversity for Dialogue and Development was observed on May 21

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Money latest: Popular restaurant chain launches legal bid over cockney rhyming slang for curry

Dishoom has launched a legal battle over the cockney rhyming slang for curry. Read this and the rest of today's consumer and personal finance news - and leave a comment - below.

Tuesday 21 May 2024 20:26, UK

Inflation could hit 2% target - with announcement at 7am on Wednesday
UK economy heading for 'soft landing' but mistakes have been made, says IMF
Good news for drivers as oil prices hit two-month low
Dishoom launches legal battle over the cockney rhyming slang for curry

Essential reads

Easiest countries for Britons to retire
Britons should treat tea more like wine, expert says - as some secrets of improving flavour revealed
Money Problem : 'My second-hand Ford is being written off with a known issue - but no one is taking responsibility'
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Basically... What is the FTSE
Best of the Money blog - an archive

Ask a question or make a comment

Nationwide has doubled its maximum personal loan amount from £25,000 to £50,000.

The building society said its decision would help customers cope with rising construction costs, with many turning to loans to help with home improvement projects.

More than four in 10 households were hoping to start renovation plans and the end of this month, it said.

But, with recent forecasts predicting a 15% uplift in building costs over the next five years, they could be facing much steeper bills.

"With the impact of inflation and other external pressures, the costs of construction have seen significant increases in recent years," said head of personal loans at Nationwide Darren Bailey.

"However, we recognise many people will want to continue with the home improvement plans, even if that means they have downscaled their plans to accommodate their budget.

"Our increased maximum personal loan size of £50,000 means we have an option to suit everyone."

The increased loan amount will be available to Nationwide current account holders.

Customers can apply for the loan online, in branch or on the phone and receive the money the same day.

PrettyLittleThing has been reprimanded for posting "misleading" adverts, marking its ninth warning in four years.

Complaints about the online fashion retailer were made following its Black Friday social media campaign in November.

The Advertising Standards Authority investigated 15 posts on X, which mentioned several discounts ranging from 30% to 99%.

PrettyLittleThing said the period had become well known to consumers in the UK as a time when business offered promotions.

It also said its advertising and marketing was "reflective of what their customers wanted and expected", and "further terms and conditions were on their website".

However, the ASA found three issues with the campaign.

It said some misled customers into believing all products were included in the promotion, when some were excluded.

Others failed to specify when the deal ended, and some breached advertising rules with the "inclusion of closing dates from ads when promotional periods were shortened or extended".

In previous rulings, the company was found to have: broken the ASA's rules on offence and responsibility by objectifying women; run social media partnerships with influencers that did not make clear they were ads; run promotions that had not been administered fairly.

"While one breach of our rules is one too many, the bulk of the rulings were between 2020-22," the ASA told the Money team.

"To date, two have been published in the last two years. We hope the downward trend in upheld rulings continues but will take action if we see any ongoing issues."

Inflation is forecast to have fallen to around the Bank of England's 2% target in April - with an announcement at 7am on Wednesday.

A fall in the energy price cap at the start of April is a key reason - energy prices have been a driver of the huge price rises seen in the last two years.

The Bank itself forecast inflation could hit 2.1% for April - down from 3.2% in March and the 40-year high of 11.1% in October 2022.

Respected insights firm Pantheon Macroeconomics thinks it could hit 2% due to "four components"...

Ofgem's 12.3% price cap cut that took effect in April will slice 40bp off CPI inflation;
Food inflation shaves another 14bp off overall inflation, as fading commodity-price rises pass through to consumers;
The BRC Shop Price Index suggests another fall in goods inflation, with help from weaker global costs, cutting headline inflation by 36bp;
Services inflation is estimated to have fallen to 5.4% in April, from 6.0% in March - a range of items such as mobile bills and rents saw hikes, but these were less severe than those a year previously.

Industry figures released on Tuesday suggest food inflation is indeed falling...

The main upward driver of inflation in April was the price of petrol, which spiked during the month due to Iran-Israel tensions.

Capital Economics also forecasts overall CPI could dip to 2% - and says we could see inflation at 1% later this year, lower than the BoE expects.

It thinks energy prices will keep falling and "that, in response to the previous falls in agricultural commodity prices, CPI food inflation will fall below zero".

Inflation falls will influence how soon we get an interest rate cut - as rates are kept high in order to tame inflation by squeezing the economy.

The next Bank of England decision is on 20 June.

Pantheon says: "Markets are pricing a 60% chance of a rate cut in June and more than fully pricing one by August, so the key question is not whether the MPC will ease soon but how quickly it will cut again after the first reduction.

"We expect one cut per quarter to a 3.5% terminal rate, but with risks skewed to the BoE pausing temporarily at 4.0% to 4.5%."

Hotel Chocolat is to open 20 stores over the next 18 months and is expanding its online reach.

The shops will open in retail parks and feature a different design concept.

Speaking during Retail Gazette's Future Consumer Debate, the company's head of customer marketing, Amy Harman, said shoppers want to be able to see, smell and feel the chocolate they're buying.

"That's very much what we’re looking to do in our stores," she said.

Explaining the choice to target retail parks, she said that's where the footfall and demand is.

"There's more intent with consumers. They're going for a day out and going for an experience," she added.

The announcement comes as the brand prepares to launch on TikTok shop in the coming weeks as it looks to expand its online audience.

Dishoom has launched a legal battle over the cockney rhyming slang for curry.

The restaurant chain, which can be found in London, Manchester, Edinburgh and Birmingham, has asked for the term Ruby Murray to be freed up by the Intellectual Property Office.

At the moment, a man named Tariq Aziz has the rights to the name for food and drink uses, with an IPO filing showing he registered the trademark in 2019.

A search of the IPO site shows an application to revoke the trademark registration on the grounds that it has never been used was filed on 15 May by Dishoom Limited.

Mr Aziz now has until 15 July to indicate whether he will offer a defence.

If he fails to do so, the trademark will be revoked and removed from the register.

A Dishoom spokesperson told the Money team it doesn't believe the trademark's owner has ever used it.

"There is a principle of 'use or lose it' in trademark law and we have therefore asked the UK IPO to remove the Ruby Murray mark from the register," they said.

"Dishoom is not seeking to apply to register Ruby Murray in its own name; it wishes to remove the 'monopoly' on the use of Ruby Murray so it can be used freely by anyone when referring to curry."

Dishoom does have a chicken ruby on its menu and in its cookbook and the Money team are big, big fans.

The International Monetary Fund has said the UK economy is heading for a "soft landing", but reiterated its message to Jeremy Hunt that he should not have cut National Insurance at the last two fiscal events.

In its annual check-up on the state of Britain's economy, the Washington-based Fund raised its forecast for gross domestic product growth this year from 0.5% to 0.7%, saying: "The UK economy is approaching a soft landing, with a recovery in growth expected in 2024, strengthening in 2025."

The Fund now expects inflation to come down to close to 2% in the coming months, and the Bank of England to cut interest rates by as much as three quarters of a percent this year, and then another percentage point next year.

The chancellor welcomed the Fund's Article IV report, saying: "Today's report clearly shows that independent international economists agree that the UK economy has turned a corner and is on course for a soft landing.

"The IMF have upgraded our growth for this year and forecast we will grow faster than any other large European country over the next six years - so it is time to shake off some of the unjustified pessimism about our prospects."

Government 'won't meet its debt target'

However, the IMF, which has warned the government explicitly in the past not to cut taxes too fast, in the face of rising spending projections in future, said the two 2p National Insurance contribution cuts at the last two fiscal events were a mistake.

"In light of the medium-term fiscal challenge", the report said, "staff would have recommended against the NIC rate cuts, given their significant cost."

The Fund's staff also believes the government is not on track to meet its main fiscal rule, which commits it to cutting the national debt in five years' time.

It believes net debt will carry on rising towards 97% of GDP in the following years, instead of falling back to 93% of GDP, as the Office for Budget Responsibility has forecast.

The Fund's double-edged report comes amid improving news for the UK.

Data released two weeks ago showed the country ended its short-lived recession with faster than expected growth in the first quarter of the year.

The Office for National Statistics is expected to announce tomorrow that inflation dropped close to the Bank of England's 2% target in April. That may enable the Bank to begin cutting interest rates from their 5.25% level in June or August.

Bank should speak more

The Fund's report contained a number of other recommendations for economic policy in the UK, including that the Bank of England should commit to more news conferences to explain its decisions, and that the government should consider imposing road charges to replace the revenue lost from fuel duty as electric cars become more predominant on UK roads.

For many Britons, retirement means moving somewhere new.

New analysis from relocation experts Property Guides has found the easiest locations for retirees, taking into account culture, visa requirements, cost and more.

Landing in the number one spot is Ireland, with a lack of visa requirements, English-speaking residents and relatively "safe and happy" environment.

Spain, Portugal and Cyprus claim the next three spots on the list.

However, Spain is high on the minimum annual income requirement.

"Spain's is one of the most expensive. It is currently around €27,000 (£23,000) per year for the first applicant. Just over the border in Portugal, it is less than €8,500 per year. Turkey's is the cheapest, working out at a little over £5,000, while Italy requires over €30,000," Property Guides says.

Turkey also came out well for the low cost of living - unlike New Zealand.

European countries in general offer visas aimed specifically at those receiving pensions or investment incomes, according to Property Guides.

Commonwealth countries such as Australia and Canada, however, actively restrict those over 55 from moving there, even if they have a high passive income (income such as pensions, that doesn't require a job).

It becomes easier if retirees have children who are already legal residents.

"Golden visas", which encourage wealthy people to invest in a country, are becoming less common.

"Most countries are now cancelling their residential investment option, including Cyprus and Portugal, and Spain will soon be closing its own. However, for now, you can still get one in Spain, Greece and Turkey, for as little as a €250,000 property, and these we have judged the easiest to retire to."

Property Guides also looked at health services. They took rankings from a Legatum Prosperity Index.

"Top scorers were Germany, Italy and France, in that order. Bottom of the pile was the USA."

The research noted that state pensions are not uprated for retirees in Canada, New Zealand and Australia.

It also factored in "sunshine hours", with the top three being Cyprus, Portugal and the US. Ireland came last here.

By Sarah Taaffe-Maguire , business reporter

Good news for motorists: oil prices are at a more than two-month low at $83.08 for a barrel of Brent crude oil.

Lower prices will likely filter down to the pumps in about 10 days.

But it's not such good news for those in the Brixham area.

The parent company of South West Water - who supplies the Devon area - said 15% don't have normal service.

Shares in Pennon Group, which also owns Bournemouth Water and Bristol Water, fell 6.7% after it reported flat pre-tax profit - £16.8m was recorded for the 2023-24 financial year, the same as 2022-23.

That's despite shareholders being in line for a higher payout of 44.37p a share.

Drug maker AstraZeneca is one of the best-performing stocks on the FTSE 100 index of most valuable London-listed companies today.

After it announced it aims to double revenues by 2030, the share price rose 0.53%.

If you're buying dollars, you can get $1.27 for your pound or €1.17.

By James Sillars , business reporter

Grocery inflation has eased to its lowest level since October 2021, according to industry data released before official figures tipped to show a big dent in the overall pace of price increases in the economy.

Kantar Worldpanel - which tracks supermarket till prices, sales and market share - said its measure of grocery inflation slowed to 2.4% in the four weeks to 12 May from 3.2% the previous month.

The measure showed there is still upward pressure on the cost of items such as chilled fruit juices, drinks, sugar confectionery and chocolate confectionery - the latter a consequence of poor cocoa harvests.

Prices were still falling fastest in toilet tissues, butter and milk, the report said. It has previously pointed to wider assistance in falling costs from a price war among supermarkets.

Fraser McKevitt, Kantar's head of retail and consumer insight, said: "Grocery price inflation is gradually returning to what we would consider more normal levels. It's now sitting only 0.8 percentage points higher than the 10-year average of 1.6% between 2012 and 2021, which is just before prices began to climb.

"However, after nearly two and a half years of rapidly rising prices, it could take a bit longer for shoppers to unwind the habits they have learnt to help them manage the cost of living crisis."

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PDF Getting started on your business plan: A workbook
A well-crafted plan will continue to serve you throughout the life of your business. Expect to update your document regularly to ensure the information is current and aligns with the overall goals and growth of your organization. Instructions: Use this workbook to solidify and document the core components of your business plan.
PDF Business Plan Workbook
The Executive Summary (your Cover Letter) briefly explains the re st of your business plan in about one or two pages. Page two is the Table of Contents.It shows the lender on which page each section can be found (see page 5 for the breakdown of sections).The Executive Summary should include: • th eow nr' am d ic l
Bank Business Plan Template [Updated 2024]
Marketing Plan. Traditionally, a marketing plan includes the four P's: Product, Price, Place, and Promotion. For a bank business plan, your marketing strategy should include the following: Product: In the product section, you should reiterate the type of bank company that you documented in your company overview.
How to Write a Business Plan to Start a Bank in 2024
Our goal is to launch our bank by the end of 2024 and achieve the following objectives in the first five years of operation: Acquire 100,000 customers and 10% market share. Generate $100 million in annual revenue and $20 million in net profit. Achieve a return on equity (ROE) of 15% and a return on assets (ROA) of 1.5%.
PDF Business plan template
You should describe the products or services offered within your industry and state your boundaries. Here, you may include a brief statement about the size, growth, challenges, and outlook of your industry. Detailed description of customers. Your customer analysis is a comprehensive understanding of your customer base.
10 Steps for Crafting an Effective Business Plan for Your Bank
3. Review Your Bank's Current Business Plan. Next, thoroughly examine your existing business plan. Evaluate its strengths and weaknesses, identifying any gaps between the business plan and your long-term goals. This will set the stage for future enhancements. 4. Analyze Market and Industry Trends.
How to start a business plan
Circle the high-priority expenses. Assess whether your available capital is going toward the high-priority items. If not, reconsider the way you will allocate funds. Monthly expenses. If you can, estimate your business' ongoing monthly expenses immediately after launch, in three months, in six months and in one year.
How To Write A Successful Bank Business Plan + Template
Your plan should be laid out, including the following 4 Ps. Product/Service: Detail your product/service offerings here. Document their features and benefits. Price: Document your pricing strategy here. In addition to stating the prices for your products/services, mention how your pricing compares to your competition.
PDF Business plan template example 2023SEP14
Title: Business_plan_template_example_2023SEP14.pdf Author: c090805 Created Date: 9/15/2023 9:58:24 AM
PDF Business Plan Preparation
The business plan should be a comprehensive plan, which is the result of in-depth planning by the institution's organizers and management. It should realistically forecast market demand, customer base, competition, and economic conditions. The plan must reflect sound banking principles and demonstrate realistic assessment of risk in light of ...
PDF Medium Term Strategy & Business Plan 2019-2022
10 Business Plan and Financial Forecast 10.1 Business Plan 2019-2022. Business Plan Context. The Medium Term Strategy and Business Plan (MTSBP) 2019-22 is the last such strategy covering the period of the Long-term Strategic Framework (LTSF) 2010-20, and will be the first to open the new LTSF 2021-30.
Free PDF Business Plan Templates
Lean Business Plan Template PDF. This scannable business plan template allows you to easily identify the most important elements of your plan. Use this template to outline key details pertaining to your business and industry, product or service offerings, target customer segments (and channels to reach them), and to identify sources of revenue.
How to Create a Fruitful Bank Business Plan- Free PDF Included
Guidelines for Writing a Business Plan for the Banking Sector. Prepare a thorough banking business plan by going through all the relevant topics in depth. Provide the reasons for starting the firm and the goals that demonstrate the entrepreneur's skill and pique the interest of venture capitalists. Before creating a business plan for the ...
PDF Standard Bank's guide to creating a business plan
Standard Bank's guide to creating a business plan General information A business plan is a detailed overview of the current position of a business, where it wants to go, and how it plans to achieve its goals. It is a summary of a business's past, present and future. We often ask business owners to include a business plan when they apply for ...
DOC Commerce Bank
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How To Write A Commercial Bank Business Plan + Template
Your plan should be laid out, including the following 4 Ps. Product/Service: Detail your product/service offerings here. Document their features and benefits. Price: Document your pricing strategy here. In addition to stating the prices for your products/services, mention how your pricing compares to your competition.
InfinBank
Bank business plan. Main; Bank Business Plan; Affiliated persons of the Bank; Audit reports; Bank Business Plan; Dividend policy; ... «InFinBank» business plan for 2017. pdf (197 Kb) «InFinBank» business plan for 2016. pdf (182 Kb) «InFinBank» business plan for 2015. doc (55 Kb) +(998 71) 202 50 60. Customer service. 1214.
PDF Business Plan
Business Plan James Smith Example Sandwich Co. High Street Town County UK1 1XX 0191 2668877 www.examplesandwichco.co.uk. Example Sandwich Co. Page 2 of 29 ... Business Bank Account High Street Town County UK1 3KX Account Manager - Harold West We have an agreed overdraft limit of £2,000 for the first 12 months.
PDF Business Planning and Financial Modeling for ...
Chapter 2 Developing a Strategic Plan 9. 2.1 Articulating the mission and goals 9 2.2 Defining markets and clients 10 2.2.1 Markets 10 2.2.2 Clients 11 2.3 Analyzing the environment 11 2.3.1 Competition 12 2.3.2 Collaborators 12 2.3.3 Regulatory factors 12 2.3.4 Other external elements 12 2.4 Performing an institutional assessment 13
PDF Basic Business Models for Banks Providing Digital ...
bank license—soon customers will no longer be able to distinguish between banking with a bank or with a non-bank. From these customers' perspectives, it is about ease of access. In Africa, where 77 percent of the population is younger than 35, millennials are the driving force behind the onboarding of mass market consumer financial products.
PDF Better Banking Guide for Business
86 Use your BMO Debit Card for Business card to access your account balance and account transaction history free of charge through BMO Online, BMO Mobile, BMO Tablet , BMO Telephone Banking and BMO ATM. 87 Rounded up to the nearest $1,000.00. 88 Rounded up to the nearest $100.00. U.S. coins are not accepted.
The State of Small Businesses: A Guide for Banks from BofA
Key Takeaways: 55% of small business owners reported higher revenues in 2023 than in 2022, and nearly two-thirds expect their revenues to increase over the next 12 months. 80% of mid-sized business owners plan to expand their business, and 69% plan to hire more employees in the coming year. Inflation remains a top concern, with 84% of small ...
PDF Financing Business Start-ups Using an SBA 7(a) Loan
First Business Bank Nasdaq: FBIZ —$323 million Market Cap1 FBIZ Business Banking2 $3.5 Billion 3 In Total Assets FBIZ Private Wealth $3.1 Billion 3 In Assets Under Management & Administration 1. Market capitalizationas of1/25/2024. 2. Consists of al on-balance sheet assets for First Business Financia Services, Inc. on a consoidated basis. 3 ...
Online account for individuals
Make a payment from your bank account or by debit/credit card You can also make a guest payment without logging in; View 5 years of payment history, including your estimated tax payments; Schedule and cancel future payments; View pending and scheduled payments; View or create payment plans. Learn about payment plan options and apply for a new ...
How To Write A Digital Bank Business Plan + Template
Your plan should be laid out, including the following 4 Ps. Product/Service: Detail your product/service offerings here. Document their features and benefits. Price: Document your pricing strategy here. In addition to stating the prices for your products/services, mention how your pricing compares to your competition.
Daily Current Affairs 21 May 2024: News With PDF
May 21 2024. Download More PDF's Here. Dear Readers, get to know the daily current affairs today covering all the National & International Events provided here in this article. Current Affairs is an important topic in various competitive exams like IBPS/SBI/PO/Clerk and other competitive exams. To score better in this section, be updated with ...
Money latest: When is traditional landline switch-off?
The prices are quite high by Mexican standards: the tacos range in price from 53 Mexican pesos to 82 Mexican pesos - that works out at around £2.50 to £4. BT Group has pushed back its timetable ...

Bank Business Plan Template

Bank Business Plan

What Is a Bank Business Plan?

Why You Need a Business Plan for Your Bank Business

Sources of Funding for Banks

Finish Your Business Plan Today!

Executive Summary

Company Overview

Industry Analysis

Customer Analysis

Finish Your Bank Business Plan in 1 Day!

Competitive Analysis

Marketing Plan

Operations Plan

Management Team

Financial Plan

Income Statement

Balance Sheets

Cash Flow Statement

Bank Business Plan Template FAQs

How Do You Start a Bank Business?

OR, Let Us Develop Your Plan For You

Other Helpful Business Plan Articles & Templates

How to Write a Business Plan to Start a Bank

Bank Business Plan Checklist

Sample Business Plan for Bank

Executive Summary

Industry Analysis

Customer Analysis

Competitive Analysis

1. National Banks

2. Regional Banks

3. Community Banks

4. Online Banks

Market Research

Operations Plan

Management Team

Financial Projections

Select the Legal Framework for Your Bank

Keys to Success

Customer Satisfaction

Operational Efficiency

Partner with OGSCapital for Your Bank Business Plan Success

Frequently Asked Questions

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How to Create a Fruitful Bank Business Plan- Free PDF Included

Tamana Gupta

Guidelines for Writing a Business Plan for the Banking Sector

# Detailed overview of the bank

# Market gap and opportunity of a banking firm