employees felt little loyalty to the bank. They felt the company only placed emphasis on production but not the support units. 2. Data processing employees felt that the operating departments had received higher pay raises and that there was a major gap in wages between these areas and that gap didn’t match the skill differences. Micro 1. Even though the data processing team was loyal to each other‚ they are not loyal to the company. 2. The team feels in many ways disrespected‚ unappreciated and
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tSTRUCTURE OF BANKS Commercial banks can be divided into 2 main categories: (1) Scheduled banks (2) Non-scheduled banks (1) Scheduled bank: A scheduled bank is so called because it has been included in the second schedule of Reserve bank of India Act‚ 1934. To be included in the schedule‚ the bank must satisfy the following 3 conditions: (a) It must have paid up capital and reserves of an aggregate value of at least Rs. 5 lakhs; (b) It must satisfy the reserve bank that its affairs
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INTRODUCTION Oriental Bank of Commerce (OBC) was started in Lahore‚ Pakistan in 19th February of the year 1943. It made a modest beginning under its Founding Father‚ Late Rai Bahadur Lala Sohan Lal. OBC is a public sector bank engaging in monetary intermediation of commercial banks‚ saving banks and discount houses. In 1947‚ the Bank had to face the holocaust of partition. The bank was nationalized on 15 April 1980. It has its headquarters in Gurgaon‚ Haryana‚ India. Its revenue stands to be Rs
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Vision Statement To be customer focused bank with service excellence. Mission Statement To exceed the expectations of our stakeholders by leveraging our relationship with the Government of Punjab and delivering a complete range of professional solutions with a focus on programme driven products & services in the Agriculture and Middle Tier Markets through a motivated team. Core Values Our customers: as our first priority. Profitability: for the prosperity of our stakeholders
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Pacific Countries by Submitted To Mr.Kiran Kumar Pedada Marketing Strategy Submitted By K.V.Ch.Madhu Sudhana Rao (32) R.Avinash Kumar (20) Y.Santosh (11) Indian Institute of Planning Management Banjara Hills‚ Hyderabad. CITI BANK Introduction Citigroup Inc. is an American multinational financial services company based in New York City. Citigroup was formed from one of the world ’s largest mergers in history by combining the banking giant Citicorp and financial conglomerate
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PHILAMLIFE AND BPI ANNOUNCE STRATEGIC LIFE INSURANCE JOINT VENTURE Makati City‚ August 26‚ 2009. Philippine American Life Insurance Company (Philamlife)‚ the largest life insurer in the Philippines‚ has agreed with Bank of the Philippine Islands (BPI) to acquire a 51% stake in Ayala Life Assurance Inc. (Ayala Life)‚ BPI’s majority-owned life insurance subsidiary. Ayala Life will serve as the platform for BPI and Philamlife’s strategic bancassurance partnership. The joint venture is expected
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(i)Introduction of Public Bank Public Bank Berhad is the third largest banking group in Malaysia. Public Bank had total assets of RM 305.73 million as at the end of 2013. Public Bank was established by its founder and chairman who is Tan Sri Dato’ Sri Dr.The Hong Piow. (Public Bank Berhad 2013). Public Bank Berhad have a total of 382 branches and hired over 17‚900 employees to give the serve of the financial needs to Malaysians and citizen of foreign. In Malaysia‚ the Bank has 258 well distributed
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nomy of central bank MACROECONOMICS 1.Central banking: Functions: -management of public debt of government (agent of government & no autonomy) -Regulation & supervision of banking entities(Here the role is of lender) -financing of development activities and other associated functions(in this close coordination with government) 2.central bank independence: -Personal matters In this case gov. Distances itself from appointment‚dismissal procedures of top
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securities. b. Federal Reserve assets c. Loans from the Federal Reserve to banks d. Loans from banks to their “best” commercial customers e. Overnight loans settled in immediately available funds 2. Eurodollars are best associated with: a. The use of dollar currency ($100 bills) in less developed countries in Europe b. The financing of Europeans by domestic US banks c. The transfer of ownership of a domestic US bank deposit from a US company to a foreign based owner d. The development
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Central Bank The central bank is nowadays primarily an agency for monetary policy. It usually also has important financial stability functions‚ and those become more prominent during times of financial turmoil. Price stability denotes a level of sustainable inflation low enough that economic agents may ignore it in their investment‚ consumption and saving decisions. The Bank shall‚ provided that it shall not be in confliction with the objective of achieving and maintaining price stability‚ support
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