Axis Bank Swot Analysis

Barclays Bank, one of the biggest multinational banking and financial services companies in the world, headquartered in London. Barclays is the oldest bank of British, and it has a long history more than three hundred years, which can be traced to 1690. Barclays is the first bank in the world that owns the Automatics Teller Machine, and issued the first Visa card in 1966 and the first debt card in 1987 of British. Up to 2012, Barclays was the seventh biggest bank in the world with the total asset of £1.49 trillion.

Technologies have allowed the banking industry to expand . Cell phones are now able to monitor consumer expenditures effectively and have become a new banking tool within the generation. Many opportunities arise with technology increasing. The banking institutions must be able to determine what future technologies may arise in order to be able to capitalize on that market. Recognition is essential during this time period for CIBC as they must maintain the technology consumers demand. The Canadian Imperial Bank is placed extremely well with a significant and assured customer base from the level of the government and the public sector business. Many government parties will do business with

• Transactions Banking: Kotak Mahindra Bank simplifies the intricate financial clearing system in India for corporate by offering payables and receivables services while ensuring certainty of cash flows.

When determining the bank’s future over the next five years, one must analyze what the bank needs to focus on in order to achieve the individual goals. The bank’s mission is to work towards offering its customers the one-stop financial shop concept delivered with an unexpected, unsurpassed level of customer service. In order to achieve this mission, FirstBank must be able to continue to strive to be better and never settle.

“ Our mission is to be a Premier Bank in the Asia- Pacific region, committed to providing Quality Products and Excellent Customer Service.”

Banks are the most significant players in the Indian financial market. They are the biggest purveyors of credit, and they also attract most of the savings from the population. Dominated by public sector, the banking industry has so far acted as an efficient partner in the growth and the development of the country. Driven by the socialist ideologies and the welfare state concept, public sector banks have long been the supporters of agriculture and other priority sectors. They act as crucial channels of the government in its efforts to ensure equitable economic development.

One of the first commercial banks of India, Central Bank of India, is based in Mumbai and has over 4100 branches all over the country. It has launched a range of innovative banking solutions to its customers. It is also one of the first Indian banks to provide the option of homes loan repayment at fixed or flexible Rate of Interest (ROI).

Bank of Baroda is one of the largest banks in India and ranks second in terms of number of customers after SBI. The bank offers a wide range of banking products and financial services to its retail and corporate customers through its branches, specialised subsidiaries, and affiliates. It has a number of credit options available for specific needs of customers with some of the popular ones being personal loan, home loan, reverse mortgage loan, etc.

By 2005-2006, approximately 53% of the overall revenue was from a vast range of financial services. Discovering the importance of potential of financial services, in 2006 the postal department started on issuing Finance Mart. India post also tied up with effective reputable firms like the Western Union and Oriental Insurance, which has supported the Indian Post to create better money transfer and insurance services. Indian Post unlike countries like Japan and Germany, the postal services were also successfully since they play the role of bank. Providing the power and strength of India Post, regarding the Indian Post Services the Reserve Bank of India and the Indian government has the technique to increase the services of India Post into a full-fledged bank so that financial services will be provided to people living in rural areas. The India Post is then successfully extended the network of Indian commercial bank operating in India. India Post in order to gain competitive advantage, took the technique of diversification strategy through offering utility-service providers financial services providers for the sale of various products at post-office counters. Product like mobile cards, cameras, application forms for competitive exams, personal loans, and non-life insurance policies. India post also had partnership with

SBI is the largest public sector bank of the country and has the maximum number of customers among all banks. It has multiple credit schemes for almost every type of lifestyle needs. The SBI Flexipay Home Loan is one of such schemes and has been created specifically for the needs of the middle-classes of the country.

State Bank of India is an Indian multinational bank belonging to the public sector. It is a government owned corporation with headquarters in Mumbai. It is one of the Big Four Banks of India along with Punjab National Bank, Bank of Baroda and Bank of India. State Bank of India is also the biggest lender in the country. It is now trying to expand its tentacles into and make its presence known in the world’s biggest economy by launching the second centre in China. The current market capitalization of State Bank of India stands at Rs 238,567.43 crore.

One aspect that remained constant throughout were the seasonal ads spread across all major Indian festivals. The overall image that SBI has managed to retain is that of a surly wisecrack devoid of a human face. Specific regions meant ads in the local language or dialect even though the sensibilities of the visual would be more or less pan-Indian. Accordingly the advertising was pretty much stagnant upto the mid 90’s when banks all over the world suddenly started touting their wider array of services. The creatives were often compromised in order to make for a greater resonance with the local sensibilities involved. Regionally affiliated branches of the bank like State Bank of Patiala, State Bank of Maharashtra, State Bank of Indore etc sparsely took out any ads of their own and even the ones released were very diminutive.

Ecobank Transinational Incorporated (ETI) is a universal banking group which was founded in 1985 in Togo Lome. The banking group was founded through support from an economic integration in West Africa known as ECOWAS. The Ecobank Group consists of ETI which is the Head Office in Togo, E-Process which operates in Ghana and lastly all the affiliates of the bank which are spread across Africa. Ecobank Group’s shares are listed on three stock exchanges in Africa which are; the BVRM Stock Exchange (Ghana), the Nigerian Stock Exchange and other bourse market which is in Togo. Currently the bank is present in 35 African countries and is has representative offices in Paris, Johannesburg, New York and Beijing.

Sparing cash in India in the present day sense began in the latest numerous years of the eighteenth century. The among the first banks were Bank of Hindustan, which implicit 1770 and traded in 1829-32; and General Bank of India, secured 1786 yet failed in 1791. The greatest bank, and the most settled still in vicinity, is the State Bank of India. It started as the Bank of Calcutta in June 1806. In 1809, it was renamed as the Bank of Bengal. This was one of the three banks backed by an organization government, the other two were the Bank of Bombay and the Bank of Madras. The three banks were merged in 1921 to structure the Imperial Bank of India, which upon India 's opportunity, transformed into the State Bank of India in 1955. For quite a while the organization banks had gone about as semi national banks, as did their successors, until the Reserve Bank of India was made in 1935, under the Reserve Bank of India Act, 1934. In 1960, the State Banks of India was given control of eight state-related banks under the State Bank of India (Subsidiary Banks) Act, 1959. These are presently called its accomplice banks.

Currently, the overall banking in India is considered as fairly mature in terms of supply, product range and reach even though reach in rural India still remains a challenge for the private sector banks. Well computerized private sector banks are beginning to compete seriously with the nationalized banks. They aim at a profitable and wealthy part of the market and, in contrast to the nationalized banks, do not recognize any social responsibilities to small account holders or to a rural and semi-urban clientele. Almost 80% of the business are still controlled by Public Sector Banks (PSBs). PSBs are still dominating the commercial banking system.