...Banking, Financial Services | Founded | 2 June 1806 | Headquarters | Mumbai, Maharashtra, India | Area served | Worldwide | Key people | Arundhati Bhattacharya (Chairman) | Products | consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, savings, Securities, asset management, wealth management, Credit cards, | Revenue | 200560 crore (US$32 billion) (2012)[1][2] | Profit | 17916 crore (US$2.9 billion) (2013)[1][2] | Total assets | 1566261 crore (US$250 billion) (2012)[1][2] | Total equity | 98884 crore (US$16 billion) (2012)[1][2] | Owners | Government of India | Employees | 295,696 (2012)[2] | Website | www.sbi.co.in | State Bank of India (SBI) is an Indian multinational banking and financial services company. It is a government-owned corporation with its headquarters in Mumbai, Maharashtra. As of December 2013, it had assets of US$388 billion and 17,000 branches, including 190 foreign offices, making it the largest banking and financial services company in India by assets.[3][4] State Bank of India is one of the Big Four banks of India, along with ICICI Bank, Punjab National Bank and HDFC Bank. The bank traces its ancestry to British India, through the Imperial Bank of India, to the founding, in 1806, of the Bank of Calcutta, making it the oldest commercial bank in the Indian Subcontinent. Bank of Madras merged into the other two "presidency banks" in British India, Bank of Calcutta...
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...International Referred Research Journal,August, 2011. ISSN- 0974-2832, RNI-RAJBIL 2009/29954;VoL.III *ISSUE-31 Research Paper— Management Foreign Investment in Life Insurance Companies * Kishor Kumar Meena * Management, Jaipur National University, Jaipur A B S T R A C T The Insurance sector reforms have open in the door for private play-ers, private insurance companies in the beginning of life insurance bus-iness with public sector company (LIC). Foreign Direct Investment (FDI) has allowed in private life insurance companies in India, under an act of IRDA with a limit of foreign equity of 26%.The life insurance sector is playing a pivo-tal role in both Indian and Global markets.Those factor we have taken for the analysis of private life insurance companies performance are premium growth, market share of the companies, portfolio Invest-ment, equity share capital etc. It is use for a measure of positive or negative impact of FDI investment in Indian private life insurance co-mpanies. It has investigated for a sample of five selected private life insurance companies and one pub-lic company for the purpose to co-mparison with selected companies it is using a panel data for analysis in between the period of 2002-10. Different key variable is use to an-alysis yearly premium income, infr-astructure development, employee facilities, business expansion etc. it was examined to identify cause for any significant impact on the life insurance sector. The study has made use of secondary...
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...CONTENTS CHAPTER 1: INTRODUCTION…………………………….. ................................................................ 4 1.1 1.2 1.3 1.4 DEFINITION OF D ERIVATIVES .....................................................................................................4 O RIGIN OF DERIVATIVES ............................................................................................................4 DERIVATIVES IN I NDIA ..............................................................................................................5 TWO IMPORTANT TERMS .............................................................................................................6 Spot Market ........................................................................................................................................................7 Index ......................................................................................................................................................................7 1.4.1 1.4.2 CHAPTER 2: DEFINITIO NS OF BASIC DERIVATIVES ............................................................... 8 2.1 FORWARDS...............................................................................................................................8 Settlement of forward contracts ............................................................................................................9 Default risk in forward contracts ...........................................................
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...CONTENTS CHAPTER 1: INTRODUCTION…………………………….. ................................................................ 4 1.1 1.2 1.3 1.4 DEFINITION OF D ERIVATIVES .....................................................................................................4 O RIGIN OF DERIVATIVES ............................................................................................................4 DERIVATIVES IN I NDIA ..............................................................................................................5 TWO IMPORTANT TERMS .............................................................................................................6 Spot Market ........................................................................................................................................................7 Index ......................................................................................................................................................................7 1.4.1 1.4.2 CHAPTER 2: DEFINITIO NS OF BASIC DERIVATIVES ............................................................... 8 2.1 FORWARDS...............................................................................................................................8 Settlement of forward contracts ............................................................................................................9 Default risk in forward contracts ...........................................................
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...CHAPTER-I 1 INTRODUCTION 1.1 Introduction of bank Bank is a financial institution which deals with other’s people money i.e. money given by the depositors.The establishment authorized by a government to accept deopsits,pay interests,clear checks,make loans,act as an intermediary in financial transactions,and provide other financial services to the customers.The roots of banking can be treated to the earliest civilizations.The Egyptians and early societies of the Middle East developed the prototype upon which modern banking is based.Agriculture commodities were stored in granaries operated by the government, and the records of deopsits and withdrawls were manitained. The name “bank” comes from the italian word ‘banco’.A banco was a table covered in green cloth where moneylenders completed their transactions in the marketplace.Those are preety humble beginnings for a major industry.Banking is a key component of the global financial system. Most large banks are now global in nature, with offices in all key financial centres, from New York to London to Hong Kong and have the power to influence the economies of countries around the world no matter how large, as seen during the recent financial crisis. According to Robert Frost, ‘‘bank is a place where they lend you an umbrella in fair weather and ask for it back when it begins . Introduction to the Indian Banking industry in historical prespective. 1.2 Indian Banking in historical...
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...International Journal of Business and Management Vol. 5, No. 4; April 2010 Influence of Service Quality on Customer Satisfaction Application of Servqual Model K. Ravichandran College of Business Administration in Alkharj, King Saud University P O Box 165, 11942, Alkharj, Saudi Arabia E-mail: varshal2@yahoo.com B. Tamil Mani Reader, Gandhigram University Dindugul, Tamilnadu, India E-mail: dr_tamilmani@rediffmail.com S. Arun Kumar Department of Management Studies, Saranathan College of Engineering Trichy, Tamilnadu, India E-mail: arunkanthh@yahoo.co.in S. Prabhakaran College of Business Administration in Alkharj, King Saud University P O Box 165, 11942, Alkharj, Saudi Arabia E-mail: jopraba@gmail.com Abstract Financial liberalization has led to intense competitive pressures and private banks dealing in retail banking are consequently directing their strategies towards increasing service quality level which fosters customer satisfaction and loyalty through improved service quality. This article examines the influence of perceived service quality on customer satisfaction. The article concludes that increase in service quality of the banks can satisfy and develop customer satisfaction which ultimately retains valued customers. Keywords: Perceived Service Quality, SERVQUAL, Customer satisfaction 1. Introduction Private Banks dealing in retail banking Industry is consequently put into lot of pressures due towards increase in global competition. Various strategies are formulated...
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...What is Banking Ombudsman (BO)? * He hears customers’ complaints against banks. * BO was first setup in UK. * In India, RBI started this scheme in 1995. Appointment & Tenure * Earlier RBI used to appoint reputed persons from banking, finance, management, legal etc. sectors as Banking Ombudsmen (BO). * But now RBI has reserved this BO post for its own Chief General Managers and General Managers. * Tenure: 3 years at a time. * Reappointment: yes possible. Jurisdiction * Banking Ombudsman (BO) Scheme applies to whole of India (including Jammu and Kashmir). Banking Ombdusmen have jurisdiction over 1. All commercial banks (scheduled and non scheduled, public and private) 2. Regional rural banks 3. scheduled primary co-operative banks 4. NBFCs (BO’s Jurisdiction limited to “loan” part.) * BO is not a replacement of Consumer forum/courts. He merely supplements them. * BO deals with matters less than or equal to Rs.10 lakhs. * Here are some examples situation where BO can help you: Regular banking 1. Demand draft, cheques, pay orders etc. not issued on time. (or not paid on time) 2. Credit card related complaints (e.g. bank putting hidden charges. Your credit card was stolen but bank did not disable it even after you called them.) 3. You asked the bank to close your account / credit card but they are not doing it. 4. Bank refuses to open your account without giving valid reasons. 5. Bank closes down your account without valid...
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...For private circulation only A N e w s l e t t e r o f th e A s s o c i a t i o n o f M u t u a l F u n d s i n I n d i a January - March 2005 Vol : IV. Issue : IV FROM THE CHAIRMAN’S DESK Fiscal 2004-05 gone by, was a year with a difference for the mutual fund industry. It was the year in which the largest number of new schemes – 97 in all, were launched in a single year. This was a record. The amount mobilised by the new schemes at over Rs. 25,000 crores was also a new record. The gross amount garnered was as high as about Rs. 8.40 lakh crores – up by 42 percent over the year. But what is indeed discouraging, is the fact that the net accretion at only Rs. 2,154 crores was the lowest in the last five years. This was mainly due to the net outflow of over Rs. 14,000 crores from the Income Funds and Rs. 1,345 crores from Gilt Funds coupled with a substantially lower net inflow of Liquid Funds (Rs. 10,347 crores as against Rs. 24,577 crores last year). Inspite of 36 new equity schemes mobilising Rs. 11,756 crores, ten times more than in the previous year, the net mobilisation under equity schemes was only Rs. 7,247 crores, lower than in the previous year. May be, this is a temporary phenomenon reflecting the market realities and the scenario might change in the years to come. Yet, isn’t this a situation that needs to be analysed, lessons learnt and suitable measures taken ? Well, the industry has a challenge before it – a challenge to reach out to retail investors and to position...
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...ONSHORE BASIN : VADODARA RECRUITMENT OF REGULAR POST IN WESTERN SECTOR (GUJARAT) ADVERTISEMENT NO.R-03/2012(R&P) JOIN US AND BE PART OF ONGC – A MAHARATNA COMPANY OF INDIA ONGC, a ‘Maha Ratna’ Public Sector Enterprise, and India’s flagship energy company is engaged in Exploration and Production of Oil and Gas in India and abroad. A Global Energy majors, it contributes to 80% of India’s Domestic Oil Production. ONGC’s annual net profit is excess of `.25,123 Crores currently. ONGC, through its subsidiary ONGC Videsh Ltd.(OVL), is India’s biggest Transnational Corporate with overseas investment of over 10 Billion USD in 16 Countries. ONGC – Western Onshore Basin invites applications from young and energetic Indian Citizens for selection of following posts with valid registration of the employment exchanges located within the State of Gujarat. The Employment Exchange certificate / Card registration should be valid during the online registration process. SL. NO. 1 2 3 4 POST LEVEL TOTAL NO. OF POST 307 03 A-2 Level 171 02 PAY SCALE/ TOTAL EMOLUMENT `.11000- 24000/(Total emolument would be `.29000/Approx. per month.) `.12000-27000/(Total emolument would be `.32000/Approx. per month.) REMARKS Regular Regular Under SRD Regular Regular Under SRD A-1 Level Total emoluments includes :(a) Allowance @47% of Basic Pay under Cafeteria Approach. (b) Dearness Allowance. (c) Mining Allowance. (d) HRA/ Company Accommodation. (e) Contributory Provident Fund. (f) Performance Related Pay...
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...Policy Number:0000000002500601 Dear Customer, Date:01/02/2015 Welcome to SBI General. Thank you for choosing SBI General’s “Individual Personal Accident” policy. We are delighted to have you as our esteemed Customer. With this, We enclose the following documents pertaining to your Policy: • • • • Policy Schedule Policy Clauses and Wordings Premium Receipt Grievance Redressal Letter We have taken care that the documents reflect details of risk and cover as proposed by you. We request you to verify and confirm that the documents are in order. Please ensure safety of these documents as they form part of our contract with you. For all your future correspondence you may have with us, kindly quote your Customer ID and Policy Number. Your Customer ID Your Policy Number : : 0000000003514536 0000000002500601 The Postal Address of your SBI General Branch that will service you in future is: SBI General Insurance Company Limited 101-301, Natraj, Junction of Western Express Highway and Andheri-Kurla Road, Andheri East, Mumbai, Maharashtra-400069, 1000000108. In case of any queries or suggestions, please do not hesitate to get in touch with us. You can contact us at customer.care@sbigeneral.in or call our Customer Care Number 1800-22-1111 (MTNL/BSNL user) and 1800-102-1111 (for other users) We look forward to a continuing and mutually beneficial relationship. Yours sincerely, Authorized Signatory SBI General Insurance Company Limited Registered and Corporate office:“Natraj” 101...
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...List of Industries (KEONJHAR) Sl No 1. Name of Industry & Address Aditya Sponge & Power Pvt Ltd. Fac : Telkoi,Dubulapal Regd. Off: A-97,Saheed Nagar,Bhubaneswar-751007 Ankita Crusher Pvt. Ltd. Works : Bayakamutia, Bayapandadhar Off : NH-6,Madhopur Square,Keonjhar Arien Minning & Trading Corporation Pvt Ltd. Off : Barbil,Keonjhar Arjun Ladha Location:Balagunda Off : Akash Bhawan,Near Barbil Basti,Barbil Arya Iron & Steel Co.Pvt Ltd. Fac : 107/1,108/1, Industrial Estate,Matkambeda,Barbil Off : Plot No. 507/653 Barbil Joda Highway Head Off : 51-53a,Mital Court,Nariman Point,Mumbai400021 B R M Mines & Minerals Works:at:Saralapentha, Po:Mahadeijoda Off : NH-6,Near Sahara India Office, Keonjhar Head Off : 2,NAC Guest House Market,Near Railway Station,Rourkela-769001 Balgopal Mineral Pvt. Ltd. Works: At-Jalahari,Jurudi Po: Jajang,Keonjhar Regd. Off:-At-Joda Banspani Road,Joda Contact Person Telephone No Ph : (0674)2546252 2. Ph : (06766)212078 Mail : ankitacrusher@yahoo.co.in Ph : (06766)256114 Fax : 251635 3. Ph : (06767)275236 4. Ph :(06767)277033 Mob :9437077033 Mail: global_bbl@yahoo.com Ph : (06767)260-500 Fax : 260400 Ph : (06767)275031 Fax : 277468 Ph : (022)40696000 Mail : mail@aryagroup.in Mail : aisco@aryagroup.in Mob :9734004708 Ph : (0661)2507742 Fax : 2510087 Mail:rkl_electro@sancharnet.in Mob : 9437058803 5. 6. 7. 8. 9. Banspani Iron Ltd. Works : At-Jaribahal Off :At/Po:Boneikala,Joda Beekay Steel & Power Ltd. Fac :Vil.:Uliburu,Po: Nalda...
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...3ab(a-b) 9. a2 -b2 = (a-b)(a+b) 10. a3 +b3 = (a+b)(a2-ab+b2) 1. 2. 3. 4. 5. 11. 12. 13. 14. 15. a3 - b3 = (a-b)(a2+ab+b2) am x an = am+n am / an = am – n (a/b)(m / n) =(b/a)-(m / n) am / b – n = a m x b n Ratio and Proportion 7. 2. 8. 1. If four quantities are in proportion, then Product of Means = Product of Extremes. In the proportion a:b::c:d, we have bc = ad If a:b::c:x, x is called the fourth proportional of a, b, c. a/b = c/x or, x = bc/a. If two numbers are in a:b ratio and the sum of these numbers is x, then numbers will be ax/ (a+b) and bx/(a+b) respectively If three numbers are in the ratio a:b:c and the sum of these numbers is x, then these numbers will be ax/(a+b+c) , bx/(a+b+c) and cx/(a+b+c) respectively The ratio of two numbers is a : b. If n is added to each of these numbers, the ratio becomes c : d. The two numbers will be given as an(c-d)/(ad-bc) and bn(cd)/(ad-bc) respectively The ratio of two numbers is a : b. If n is subtracted from each of these numbers, the ratio becomes c : d. The two numbers 3. 4. 5. 9. 2. SBI PO 2014 Join BankersChoice to Improve your score and Boost your...
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...COMPARATIVE STUDY OF HOME LOANS OF PNB AND SBI BANK. A dissertation submitted to Department of Management in partial fulfillment of the requirement for the award of degree of BACHELOR OF BUSINESS ADMINISTRATION (HONS.) Submitted by: KOMAL MARWAHA 7020070003 Supervisor: Miss Monika Kanali (lect,lpu) LOVELY PROFESSIONAL UNIVERSITY PHAGWARA 2010 1 TO WHOMSOEVER IT MAY CONCERN This is to certify that the project report titled “Comparative study of home loans of PNB and SBI” carried out by Miss KOMAL MARWAHA, D/o RAJESH MARWAHA has been accomplished under my guidance & supervision as a duly registered BBA(Hons) student of the Department of Management, Lovely Professional University, Phagwara. This project is being submitted by him/her in the partial fulfillment of the requirements for the award of the BBA(Hons) from Lovely Professional University. Her dissertation represents her original work and is worthy of consideration for the award of the degree of BBA(Hons) ___________________________________ (Name & Signature of the Faculty Advisor) Title: ______________________________ Dare: ______________________________ 2 DECLARATION I KOMAL MARWAHA, hereby declare that the work presented herein is genuine work done originally by me and has not been published or submitted elsewhere for the requirement of a degree programme. Any literature, data or works done by others and cited within this dissertation has been given due acknowledgement and listed in...
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...Enhancing Competitiveness: The Case of the Indian Life Insurance Industry Shilpa Rastogi* Runa Sarkar*,** Abstract: Insurance industry contributes to the financial sector of an economy and also provides an important social security net in developing countries. The consistent sub-optimal performance of this sector in India from independence through the 1990s has led to different sets of reforms, with each model adopted focusing on distinct competitive strategies. This study identifies the causes and the objectives with which the sector was reformed in 2000 to conclude that only in the last decade, the hybrid model of privatization with regulation adopted by the Government has yielded positive results and the sector has started to look up. The sector in its present form looks promising for the consumers, the insurers and the nation as a whole. Keywords: life insurance, regulation, competitiveness, Governmental reforms Theme: Enhancing Competitiveness Sub-Theme: Strategies for Enhancing Competitiveness of Firms, Industry Sectors and Country Introduction The insurance industry affects money, capital markets and the real sectors in an economy, making insurance facility necessary to ensure the completeness of a market. It is an industry with strategic importance for any country as it contributes to the financial sector (and hence the GDP) as well as confers social benefits on the society. At the micro-level, an insurance policy protects the buyer against financial loss arising from...
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...ADVERTISEMENT NO. CRPD/PO/ 2011-12/01 RECRUITMENT OF PROBATIONARY OFFICERS IN STATE BANK OF INDIA DATE OF WRITTEN EXAMINATION : 24.07.2011 (SUNDAY) ON-LINE REGISTRATION WILL START FROM : 18.05.2011 LAST DATE FOR REGISTRATION OF ON-LINE APPLICATIONS : 09.06.2011 Applications are invited from eligible Indian Citizens for appointment as Probationary Officers (POs) in State Bank of India. Candidates selected are liable to be posted anywhere in India. VACANCIES : 4. SELECTION PROCEDURE : Phase- I : Written Examination -- Combined Duration 3 Hrs. (Combined Objective & Descriptive Type Tests) -- [Max marks-250 (combined)] The duration of objective type test will be 2 hours, Max. marks 200 and will consist of : i) Test of English Language (Grammer, Vocabulary, Comprehension etc.) ii) Test of General Awareness, Marketing & Computers iii) Test of Data Analysis & Interpretation iv) Test of Reasoning (High Level) The duration of Descriptive type test will be 1 hour, Max. marks-50 and the test will be of "Test of English Language (Comprehension, short precis, letter writing & essay)" Descriptive test paper of only those candidates will be evaluated who are adequately high in percentile ranking in each of all the four objective tests and have scored overall aggregate 40% and above in case of General category and aggregate 35% and above in case SC/ST/OBC/PWD category. The qualifying marks for descriptive test will also be overall aggregate 40% for General category and overall aggregate 35%...
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