Introduction
Indian banking is the lifeline of the nation and its people.it is the one of important financial pillars of the financial sectors, which plays a vital role in the functioning of an economy. It is very important for economic development of a country that it’s financing requirements of trade, industry and agriculture are met with higher degree of commitments and responsibility. Thus the development of a country is integrally linked with the developments of the banking. In modern economy, banks are to be considered not as dealers in money but as the leaders of development. They play an important role in the mobilization of deposits and disbursements of credits to various sectors of the economy. The banking system reflects economic
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Founded in 1994 as UTI Bank, Axis Bank now has a network of 2402 domestic branches and 12922 ATMs spread across the nation. The bank also has seven international offices including the ones in Hong Kong, Singapore, Colombo, Dubai, Abu Dhabi, and Shanghai. Axis Bank employs over 37,901 employees and is reported to have net assets worth about USD 53 billion. Apart from retail banking, Axis Bank also operates in NRI Services, Investment banking and treasury operations and corporate banking.
Kotak Mahindra Bank
Kotak Mahindra Bank, headed by Mr. Uday S Kotak, and with a market capitalisation of INR 109,631.60 crore comes next. Kotak Mahindra Bank is currently poised for a spectacular growth due to an all-stock merger with ING Vysya Bank. Kotak Mahindra shall now become the fourth largest private bank in the country in terms of the business done. The combined banking company will now have a network of 1,214 branches across the country. The bank is likely to have an employee strength of about 30,000 after the merger. The combined market capitalisation is estimated to be about INR 1.25 lakh crore.
IndusInd
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Rana Kapoor and Mr. Ashok Kapoor, and currently has a market capitalisation of about INR 35,169.20 crore. With a strong network of about over 630 branches in 375 cities, and with over 1150 ATMs spread across the country, Yes Bank is among the fastest growing banks of India. The bank employs about 12000 employees and has high ambitions for the years to come.
Punjab National bank
Founded in 1894, Punjab National bank is one of the oldest banks in India. Unlike most Indian banks that have their headquarters in Mumbai or Gujarat, the Punjab National Bank has its headquarters in Delhi and has a market capitalization of about INR 30312.73 crore. Like other PSU banks, the bank has a major focus on agricultural and rural financing but also has a widespread international presence. The bank has 8.9 crore customers, 6081 branches in India and abroad and a network of 6940 ATMs spread across the country.
Canara Bank
Canara Bank is another PSU that has made its mark in the Indian banking sector with a market capitalization of about INR 18630.10 crore. Nationalised in 1976, the bank has a network of about 3600 branches spread across the country. With 7599 ATMs, the bank is among the first PSUs in the country to emphasise on e-banking and online services. Apart from commercial banking, Canara Bank has also become a strong provider of corporate banking services in
Prior to Fuller’s transfer, management at the Carson’s location was poorly run using the classical approach. While this approach can be successful, management has to find a good middle ground between caring for the company and caring about their employees. A traditional classical approach recognizes that there are five important factors to running a successful business (Miller, 19). According to text, these factors are planning, organizing, command, coordination and control (Miller, 19-20). These factors can be seen when you look at Third Bank as a whole. In the study, the CEO saw the issues in his company and put a plan together to improve. He had meetings with management, like fuller, to organize a solution. He then commanded all locations
Barclays shares were trading as high as around 790p in 2007. At that time, few people could have thought that the share price of the company would dramatically drop within the next couple of years, to reach a low of just over 50p. Even though it’s trading now at three times that price at 150p, the company’s future seems highly uncertain.
...dditionally, the merger can take place in smaller phases. For instance the first phase may include change of the physical look of the branches and the signage - – so as to convey a consistent view and experience for its customers. This phase may also include effective communication to the employees to educate them about the merger, ensure them of their positions and encourage them to participate in the merger. Second, the firm can totally combine the bank’s technology and the information systems which will allow the merged firm to operate as a single entity and to become fully operational. The management should implement the merger with care and prudence, aiming for minimal disruption for the customers and should communicate extensively to ensure all its stakeholders are kept fully informed as they make changes.
Jalal Hafidi MIS5206.001– HDFC case analysis 1 1. What, if anything, should HDFC do to make existing customers more secure? First of all, all systems can be compromised no matter what, which means it hasn’t been done yet in the IT field. HDFC is still fairly new in the market, with the technology trend, online banking will be the most challenging and vulnerable part of the game. HDFC seems to have pretty strong security system and procedures, however, its models still haven’t matured yet, leading to maybe inconvenience to the customers and/or an opportunity for hackers to test and dust off their hacking skills.
HSBC has various risk and benefits with its tagline of the “World’s Local Bank.” Some of the risks they face are the delicacy of entering into a new area and process of how they enter into these markets. HSBC has to be very careful about what markets they try to enter. Coming into a small market with the tagline “World’s Local Bank,” may be taken the wrong the way. I know from experience, especially in my town and surrounding area that when a large well known bank comes in that the local small banks take a hurt. Though some people leave these small banks to join the new ones a majority of people feel overwhelmed by the presence of the large banks. HSBC needs to be careful to do the necessary research before entering into a new market especially
SBI is the largest commercial bank in India in terms of assets, deposits ,profits, branches, and employees. The State Bank Group, consisting of the bank and its Associate Banks ,has an overwhelming presence in the Indian financial sector. The group, through its various non banking subsidiaries, provides a range of financial services including Life insurance, general insurance,investment banking, mutual funds,credit card,factoring, security trading and primary dealership in the money market. The origins of State Bank of India date back to 1806 when the Bank of Calcutta ( later called the Bank of Bengal ) was established. In 1921 the Bank of Bengal was
Customers prefer ATM with time and cost utility that provides proficient services. Although the drawbacks in ATMs, it is always desirable because it benefits the banks, employees and customers. It is therefore essential for banks to ensure the uninterrupted ATM and well –organized service is provided to customers for best results.
Banking scenario since 1991 has been a process of transformation and consolidation. With financial sector reforms implementation, the microenvironment of banking sector has undergone a radical change. Almost all insulations to commercial banking have been peeled off and it has been susceptible to all types of exposures now. There has been paradigm shift in operational, functional, environmental, technological spheres. The reforms emphasised the “commercial character” of the banking system and helped the banks to stand on a firm footing. The first phase of reforms directed mainly towards the operational efficiency has brought concepts like prudential accounting norms, Deregulation of Interest Rates, Credit Delivery, Transparency, Capital Adequacy Norms, Autonomy in Management etc. Banks started cleansing their balance sheets, competition led to improvement in their efficiencies and profit concept being recognised as a test of commercial viability. The transparency made them to realise their own strengths.
countries and has about forty million customers for today. In most of these countries it supports bank withdrawal service
Indian banking industry is the lifeline of the nation and its people. Banking sector is help to developing the various sectors of the economy. Thus, economic development of a country is depends on the success of banking industry and this success is determined to a large extent by understanding the needs and satisfaction of its customers. Today, Indian banks can confidently compete with modern banks of the world.
After this merger the Mobilink will gained more first they will attract more customers because of 4G LTE that warid already had this technology so Mobilink will gained more customers and in market the Mobilink position will be more strong in compare to other telecom companies and profit will be increasing when customers increase and to use 4G LTE technology and will compete to Zong, because only Zong have 4G technology after this merger Moblink will also have that technology so more customers will be attract to Mobilink the one factor is that Mobilink have strong signal services and for internet it’s very important and in every village Mobilink have their towers so that will give Mobilink a large number of customers and profit .Moblink market share will also be increase if now is 20 % so after merger it will be close 40%,below some data will also show in
The study is primarily designed to find out the continuous issue of the banking system in
It is a known fact that the banking industry plays a huge role in today’s society, the industry has grown rapidly of many decades and still growing. The banking sector is that sector of the society that is actually responsible for the handling of financial assets for other sector of the economy, they do this by investing the financial assets in order to create more wealth in the society while regulating all the activities involved in the process. (What is the banking Sector 2015)
Banks sector is playing an important role in economies. The banking industry, as the classic and the most influential of financial intermediaries, facilitates economic operations. Financial sector in the worldwide country has been changes over these years by looking the changes of financial structure environment and economic conditions. Thus, banks are a very important point to financial system and play an important role as control and contribute growth to the economic sector.
This is followed in section 5 by an analysis of the recent changes in the banking industry. With the development of the financial system, declining entry barriers and the deregulation of the banking industry make banks no longer the monopoly suppliers of banking services and reduce their comparative advantages which they usually hold in the past. Whether the reasons give rise to the existence of banks are still powerful will be examined here, while section 6 offers a way of considering whether banks are declining by looking at the value added by the banks. When the value added by banks is examined, banks are not a financial intermediation, which not only conduct the traditional services but also provide more diversified