Universal Banking
ICICI – A Universal Bank
Presented By
Under the guidance of Prof. Hemal
Submission Date : 21/02/2010
ACKNOWLEDGEMENT
We are greatly indeed to our honorable Prof. Hemal for all her encouragement support and facilities strength in getting this project to its present stage.
Developing any project is not an easy job. It needs lots of human efforts, dedication and togetherness among the people involved in it. These things mean a lot only when there is strong driving force and continuous support behind the team in every stage of development. This driving force and support in our case was by our own project guide: Prof. Hemal.
We would like to thank our parents for providing us with all their support and encouragement’s right from the projects budding stage to its current maturity. Above all we would like to thank the almighty for giving us courage.
Index
Introduction
Universal Banking is a multi-purpose and multi-functional financial supermarket (a company offering a wide range of financial services e.g. stock, insurance and real-estate brokerage) providing both banking and financial services through a single window.
Definition of Universal Banking:
As per the World Bank, "In Universal Banking, large banks operate extensive network of branches, provide many different services, hold several claims on firms (including equity and debt) and participate directly in the Corporate Governance of firms that rely on the banks for funding or as insurance underwriters".
THE CONCEPT OF UNIVERSAL BANKING
The entry of banks into the realm of financial services was followed very soon after the introduction of liberalization in the economy. Since the early 1990s structural changes of profound magnitude have been witnessed in global banking systems. Large-scale mergers, amalgamations and acquisitions between the banks and financial institutions resulted in the growth in size and competitive strengths of the merged entities. Thus, emerged new financial
Presented By
Under the guidance of Prof. Hemal
Submission Date : 21/02/2010
ACKNOWLEDGEMENT
We are greatly indeed to our honorable Prof. Hemal for all her encouragement support and facilities strength in getting this project to its present stage.
Developing any project is not an easy job. It needs lots of human efforts, dedication and togetherness among the people involved in it. These things mean a lot only when there is strong driving force and continuous support behind the team in every stage of development. This driving force and support in our case was by our own project guide: Prof. Hemal.
We would like to thank our parents for providing us with all their support and encouragement’s right from the projects budding stage to its current maturity. Above all we would like to thank the almighty for giving us courage.
Index
Introduction
Universal Banking is a multi-purpose and multi-functional financial supermarket (a company offering a wide range of financial services e.g. stock, insurance and real-estate brokerage) providing both banking and financial services through a single window.
Definition of Universal Banking:
As per the World Bank, "In Universal Banking, large banks operate extensive network of branches, provide many different services, hold several claims on firms (including equity and debt) and participate directly in the Corporate Governance of firms that rely on the banks for funding or as insurance underwriters".
THE CONCEPT OF UNIVERSAL BANKING
The entry of banks into the realm of financial services was followed very soon after the introduction of liberalization in the economy. Since the early 1990s structural changes of profound magnitude have been witnessed in global banking systems. Large-scale mergers, amalgamations and acquisitions between the banks and financial institutions resulted in the growth in size and competitive strengths of the merged entities. Thus, emerged new financial