Bank of Baroda was established with a paid-up capital of Rs.10 lakh in 1908 in Baroda in Gujarat. After raising Rs.300 crs. through a bond issue in 1995, the bank tapped the capital market with an initial public offering of Rs.850 crs. in 1996. The bank's international presence covers 21 countries through 40 overseas branches, 3 representative offices and 17 branches of the bank's overseas subsidiaries. It has approvals for opening branches in Trinidad and Tobago, Ghana, Australia and Bahrain. It set up a global loan syndication centre in London in 2000 and plans to set up two syndication centers in Dubai and Singapore. During 2006--07, the bank upgraded 917 branches to take the total number of branches on core banking platform to 1,043. As of 31 March 2007, the bank had 1,893 fully networked branches. Total branch strength of the bank in the country stood at 2,732 of which 1,164 are rural branches, 572 are semi-urban branches, 506 are urban branches and 490 are metro branches. More than 47 per cent of the bank's branch network is concentrated in the western region. Bank of Baroda classified its loan business into working capital finance, term finance, SSI, SME, small business/borrowers and trader loans. For the retail and SME segments, it has set up a chain of 13 retail and 16 SME `loan factories'. The SME loan factories are located in Ahmedabad, Surat, Pune, Baroda, Kolkata, Coimbatore, Chennai, Jaipur, Bhilwara, Kanpur, Ludhiana, Delhi, Kalbadevi (Mumbai) and Jogeshwari (Mumbai), Thane and Lucknow. The bank defines SMEs as entities with sales revenues less than Rs.100 crs.. The bank identifies the following four groups as `critical business segments' viz. Retail, SME, Wholesale (mid-corporate and large corporate) and rural/agri... ... middle of paper ... ...ral banks (RRBs) covering 30 districts in 5 States (Andhra Pradesh, Haryana, Karnataka, Kerala and Uttar Pradesh). These RRBs have a network of 1197 branches. Total business of Syndicate Bank-sponsored RRBs stood at Rs.16,228 crs. Representing a growth of 23.9 per cent during 2006—07.Syndicate Bank made an IPO in October 1999 to raise Rs.125 crs. followed by another in July 2005 for Rs.50 crs.. Government of India is the major shareholder and enjoys over 66 per cent stake, while institutions and individuals hold around 18 per cent and 13 per cent respectively. In 2006, the bank floated a BPO company named “Syndbank Services Ltd'' as a wholly owned subsidiary. It distributes third party products such as life and non-life insurance policies. Other services include online railway ticket booking, utility bill payments and excise & service tax payments through internet.
The history of Bank of America is long and detailed, with more events that took place than many other businesses possess. From its humble beginnings in San Francisco to its massive international expansion to the rest of the four corners of the Earth, Bank of America has come a long way from its modest inception. It all begins with an Italian immigrant who created a bank named The Bank of Italy in San ...
Since it’s establishment CIB has been consistently awarded for its broad range of products and services on numerous occasions by international publications. Awards won include “Best Sub-Custodian bank in Egypt” for five consecutive years; along with “Best FX Provider in The Middle East” by Global Investors 2012. Furthermore, as of December 2013, CIB’s gross loan book reached EGP 46 billion, while customer deposits marked EGP 97 billion, with a paid-in capital of EGP 9 billion; making CIB the most profitable bank in Egypt. In addition, CIB’s marketing capitilization is the highest in the banking sector in Egypt, amounting to over EGP 29 billion as of December 2013. Furthermore, they operate a wide distribution network of with 152 outlets and more than 500 ATMs. It also has subsidiary brands like CI capital, CIBC, FALCON (for monetary transport) and ot...
Investment banking provides services to their client for investment in capital market through share; these services are based on research activity. In this, primarily the act of the purchasing and selling of shares includes. Investment banking organization performs role as an intermediate between investor and capital market. Usually these function as linkage to fill the gap between each other’s. Investment banking has now gained considerable position in Indian capital market on the basis of so many factors these includes awareness of the investment banking among investors; investment banking should reaches to investors and finally faithfulness of investor for investing in banking organization. Here study will find other vital factors
To make its services fast, efficient and world class, it has invested heavily in technology and from historical manual systems it has upgraded its systems to a single seamless Core Banking system in 2008 when all the branches of the Bank were made functional on core banking system.
Bank of Baroda is one of the most prominent banks in India, having its totalassets as Rs. 1, 43,146 Crores as on 31st of March 2007. The bank wasfounded by Maharaja Sayajirao Gaekwad III (also known as ShrimantGopalrao Gaekwad), the then Maharaja of Baroda on 20th of July 1908 witha paid capital of Rs. 10 Lacs. From its introduction in a small building of Baroda, the bank has come a long way to achieve its current position as oneof the most important banks in India. On 19th of July 1969, Bank of Barodawas nationalized by the Government of India along with 13 other commercial banks.
The information and communication technology is playing a very important role in progress and advancement in all walk of life , The opening up of the banking sector and they way a bank function has changed in the current decade ,Information and communication technology has provided a very important role in delivering the best services to the bank customers. The introduction of electronic banking has changed the way the customer are moving away from the traditional branch banking system to the convenient and comfortable virtual banking system. These electronic banking channels has enhance the way a customer is availing banking services. This has reflected in increase in numbers of ATM across world and more importantly in India.
The bank expansion strategy is enhanced specifically through its business and retail banking strategy for example the strategy entails the identification of new emerging segments of the economy such as the education sector. It is also the strategic objectives of the bank 's to expand through robust and efficient balance sheet, strategic partnership with multilateral agencies as well as MSME initiatives leverage on e-payment and cash management services . Additionally, through technological innovation, products BDM has constantly challenged the domestic market environment for competitive advantage. These advantages have placed the firms as market leader with differentiated services, growing organically its business operations locations and network of branches in the domestic
The services provided by banks have become easy and convenient; The Indian banking industry is passing of customers market. BANKING STRUCTURE IN
...er’s needs. The last variable is bank selection criteria which consist of factors such as economic benefits, bank reputation, convenience and efficiency in using the system and risk diversification.
Explanation: The export ? Import bank of India is the premier finance Institution of the country, established in 1982 under the export ? Import bank of India Act, 1981.
lakhs rupees but does not exceed two crores rupees in case of services concern. A medium
Severe competition and constant changes in technology and lifestyles nowadays have changed the face of banking. Nowadays banks are differentiating between their varied services. Customers do not want to wait in queues or wait on the phone for basic services.
The State Bank of India was born with a new sense of social purpose aided by the 480 offices comprising branches, sub offices and three Local Head Offices inherited from the Imperial Bank. The concept of banking as mere repositories of the community's savings and lenders to creditworthy parties was soon to give way to the concept of purposeful banking subserving the growing and diversified financial needs of planned economic development. The State Bank of India was destined to act as the pacesetter in this respect and lead the Indian banking system into the exciting field of national development.
United Bank of India is one of the prominent nationalised banks in the country that have played a major role in spreading banking services to the farthest Eastern and North-Eastern parts of the country. UBI has sponsored 4 RRBs (Regional Rural Banks) in states such as West Bengal, Assam, Manipur, and Tripura. The four RRBs have around 1,000 branches in these states and UBI contributes more than 35% of share capital/additional capital of these banks.
The banking system plays a critical role in development of any country, on that view Pan Asia Banking Corporation PLC started its operations in the year 1995. Now PABC is one of the fastest developing banks in the industry. The bank is well settled in the market with their diversified products and services.