Icici Bank : An Indian Asset And Investment Corporation Of India Essay

• In 1994, Axis Bank started its operation after the administration of India permitted new private banks to be built up.

This case is about all the banking activities carried out by SBI bank in the rural areas. Where SBI bank appoints BC's who work on behalf of them in areas where SBI can't initiate the process themselves. The case also consists personal experiences of a marketing executive who used to work for the business correspondent and consumer behaviour of rural people are included in the case study.

• 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.

ICICI Bank is the second largest bank in India based on market share and total assets

The stock market in India is one of the efficient and dynamic markets for securities in Asia. Shares trading market started growing in India from 19th century when a bunch of stock brokers in Bombay formed Native Share and Stockbrokers Association in 1875. This association played a key role in devising the codes of conduct in stock broking industry and helped in mobilizing capital for investment in various corporate companies. It was later known as Bombay Stock Exchange, the oldest stock exchange of Asia. BSE National Index was launched by January 1989 and consisted of 100 stocks listed at 5 major exchanges in India.

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).

India’s banking industry is largely fragmented with more than half of the commercial banks being state-run entities. It has seen one of the biggest mergers of all time in the recent past with Kotak Mahindra taking over ING Vysya. While the Indian banking sector is still facing tough times, Kotak Mahindra’s merger with ING Vysya will help the former to expand their presence across India.

A. UTI Asset management company (P) ltd B. Bank sponsored BoB asset management companyltd Can bank investment management services ltd PNB asset management company ltd SBI funds management company ltd C. Institutions GIC asset management company ltd IDBI principal asset management co ltd IL&FS asset management co ltd Jeevan bima sahayoge asset management co ltd D. Private sector 1. Indian Benchmark asset management co ltd Cholamandalam asset management co ltd Escort asset management co ltd JM capital management ltd Kotak Mahindra asset management ltd Sundaram asset management co ltd Reliance capital asset management ltd 2. Joint ventures - Pre dominantly Indian Burlap sun life insurance management co ltd Credit capital asset management co ltd DSP Merrill Lynch fund manager pvt ltd First Indian management co ltd Tata TD water house asset management pvt ltd HDFC asset management pvt ltd 3. Joint ventures - Pre dominantly Foreign Alliance capital asset management (India) pvt ltd Deut she asset management (India) pvt ltd Dundee investment management research pvt ltd HSBC asset management (India) pvt ltd ING investment management (India) pvt ltd Morgan Stanley investment management pvt ltd Prudential ICICI management co ltd Standard Chartered asset management co pvt ltd Sun F & C asset management (India) pvt ltd Templeton asset Management (India) pvt ltd Zurich Asset management company

India has been under the rule of many kingdoms. Each allowed for a certain practice of monetary exchange for a fixed or variable time period.

Moreover, many of the deeper rooted problems of the Indian economy in the early nineties

The Housing Development Finance Corporation Limited (HDFC) was amongst the first to get an 'on a principal level ' backing from the Central Bank of India (RBI) to set up a bank in the private zone, as a noteworthy part of RBI 's liberalization of the Indian Banking Industry in 1994. The bank was initiated in the month of August 1994 for the purpose of 'HDFC Bank Limited ', with its main office in city of Mumbai, India. HDFC bank has started its activities as a Scheduled Commercial Bank in the month of January in 1995

To promote Industrial development in India, the ICICI bank was established as a public limited by the Government of India. In May, 1996 ICICI bank felt the need for major change management process, in order to extend into new markets and to compete with other private banks. The organization change was from a development bank to a market-driven financial conglomerate. Employees were finding changes unacceptable because they had to learn new skills and adapting new techniques was tough. These enormous changes caused lot of confusions among the employees. Using ADKAR model of change management, we intend to bring the changes without creating any chaos in the organization. In this scenario, ADKAR model works best because it starts

Capital gathering which in turn is essential to economic growth and development the stages of accumulation are savings and investment among them saving is most crucial because it is basic constraint for investment and development so capital accumulation and economic growth is affected by the rate of savings in the economy mobilization of savings becomes all the more important in the economy when economic growth is set with in frame work of targets with maximum reliance on internal resources. In a study conducted by national institute of bank management (NIBM) it was observed that the savings and that about 75 per cent of the gross domestic savings (GDS) cane from the house hold sector and approximately 45 percent of the household sector savings were kept in the form of bank deposits. The banking sector has played an increasingly imperative role in the financial intermediation process by mobilizing savings in the form of deposits. Deposits are the main source of funds for banks the bank of the total liabilities of a banking company include deposits. Hence banks serve financial needs of various sections of societies, the larger volume of funds can attract, the better the position they are in to lend funds. Scheduled Commercial Banks are those banks which were included in the second schedule or 2E of RBI ACT, 1934.

The RBI has wide powers of supervision and control over commercial and co-operative banks, relating to licensing, establishment, branch expansion, liquidity of Assets, management and methods of working, amalgamation, re-construction and liquidation. The supervisory functions of RBI have helped a great in improving the standard of banking in India to develop on sound lines and to improve the methods of their operation.

In 1875 India’s first stock exchange was established as Bombay Stock Exchange which is the oldest stock exchange in Asia with rich heritage. Formally Bombay Stock Exchange was established as “The