Technological Developments in Indian Banking Sector N. Mohan Babu‚ Asst. Professor‚ Vignan Degree and P.G. College‚ Palakaluru Road‚ Guntur – 5. Abstract The origin of Banking in the modern era is traced in Italy. Banking is a business like any other business‚ banking sector place a significant role in development of Indian Economy. So‚ Banks need to have technology to improve their productivity and efficiency‚ to provide faster and better services to the customers. Technology enables the banks
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PERSONAGE GROUP (Bedian Campus) MGT211 1) How you will differentiate your product from your competitors? Product: The good‚ service‚ or idea that is marketed to fill consumer wants and needs. Improving existing products and developing new products are among the marketer’s most important tasks. Product differentiation: Creation of a product or product image that dif fers enough from existing products to attract consumers. Differentiation is a source of competitive advantage. Combinations
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their lifetime value. At this point‚ close relationship with customers will require a strong coordination between IT and marketing departments to provide a long-term retention of selected customers‚The role of Customer Relationship Management in banking sector is very important and the need for Customer Relationship Management to increase customer value by using some analitycal methods in CRM applications. CRM is a sound business strategy to identify the bank’s most profitable customers and prospects
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worst hit sectors during the skyrocketing interest rate scenario in the late 90s and early 2000s‚ the debt-laden Indian textile industry has spun many turn-around stories since then. Aided by lower interest rates‚ restructuring packages from financial institutions and the recent dismantle of quotas‚ the sector is today well poised to capture growth opportunities. In 2005‚ the sector contributed 20% to industrial production‚ 9% to excise collections‚ 18% of employment in industrial sector‚ nearly 20%
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Narasimham Committee on Banking Sector Reforms (1998) The purpose of the Narasimham-I Committee was to study all aspects relating to the structure‚ organization‚ functions and procedures of the financial systems and to recommend improvements in their efficiency and productivity. The Narasimham-II Committee was tasked with the progress review of the implementation of the banking reforms since 1992 with the aim of further strengthening the financial institutions of India.[4] It focussed on issues
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Porter’s Five Forces Model‚ Wal-Mart Suppliers Wal-Mart is an important and dominant customer to its suppliers‚ for some of them it’s also the largest one. Wal-Mart isn’t dependent on one supplier‚ but rather obtains its goods from a lot of different suppliers. For this reason‚ suppliers need to satisfy Wal-Mart in order to keep it as a long term customer. This is realized by special payment terms‚ delivery dates and discounts. The success of these relationships is proved by the increasing
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A PROJECT REPORT ON “SERVICE QUALITY OF HDFC BANK” In fulfillment of the requirements for Post Graduate Diploma in Business Management (PGDBM) (2009-2011) UNDER THE GUIDANCE OF: Dr. Seema Girdhar (Marketing Faculty) SUBMITTED TO: Prof. Dr. Seema Girdhar (Marketing Faculty) SUBMITTED BY: Akanksha Premwani Roll no. - 6005 GURU NANAK INSTITUTE OF MANAGEMENT Road no. 75‚ Punjabi Bagh‚ New Delhi-110026 A PROJECT REPORT ON “SERVICE QUALITY OF HDFC BANK” In fulfillment
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Table of Contents Introduction……………………………………………………………………………………………………………………………………………2 Main objectives of study………………………………………………………………………………………………………………………………………..2 Overview of the Banking Sector3 Competitive Advantage………………………………………………………………………………………………………………………….. 4 Michael Porter: Guru of Competitive Advantage…………………………………………………………………..……............................... 4 How do banks benefit from competitive advantage………………………………………………………………………………..8 Company Profile – Mauritius Commercial
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The term paper submitted by: SMA Scufiean Rana‚ Master of Business Administration (MBA)‚ Bangladesh Open University‚ Gazipur‚ Bangladesh Cell: +8801711980717 Email: smasrana@yahoo.com People are the most valued asset of the organization‚ be it private or public‚ human resources are endowed with such uncommon qualities as creativity‚ problem solving ability and they can be motivated‚ they can as a team. (Akkas 2000:20) People have synergetic power. Synergy means the whole is grater than the
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analyze the strategy of each player in conjunction with the news I chose. Focusing on one industry made me realize how much the strategic aspects that we have learned in the class are working to shape the industry dynamics. News Nintendo has joined forces with McDonald’s to offer free wireless internet access in the US for its DS handheld games console. (BBC News‚ October 18‚ 2005‚ retrieved from http://news.bbc.co.uk/1/hi/technology/4353480.stm) Analysis This deal reflects a Nintendo’s strategy
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