Axis Bank
Axis Bank
Axis Bank
Axis Bank
BANKING IN INDIA
Without a sound and effective banking system in India it cannot have a healthy economy. The
banking system of India should not only be hassle free but it should be able to meet new
challenges posed by the technology and any other external and internal factors. For the past
three decades India's banking system has several outstanding achievements to its credit. The
most striking is its extensive reach. It is no longer confined to only metropolitans or
cosmopolitans in India. In fact, Indian banking system has reached even to the remote corners
of the country. This is one of the main reasons of India's growth process.
HISTORY:
The first bank in India, though conservative, was established in 1786. From 1786 till today,
the journey of Indian Banking System can be segregated into three distinct phases. They are
as mentioned below:
PHASE I
PHASE III - Indian Financial & Banking Sector Reforms after 1991.
PHASE I:
The General Bank of India was set up in the year 1786. Next came Bank of Hindustan and
Bengal Bank. The East India Company established Bank of Bengal (1809), Bank of Bombay
(1840) and Bank of Madras (1843) as independent units and called it Presidency Banks.
These three banks were amalgamated in 1920 and Imperial Bank of India was established
which started as private shareholders banks, mostly Europeans shareholders. During the first
phase the growth was very slow and banks also experienced periodic failures between 1913
and 1948. There were approximately 1100 banks, mostly small. To streamline the functioning
and activities of commercial banks, the Government of India came up with The Banking
Companies Act, 1949 which was later changed to Banking Regulation Act 1949 as per
amending Act of 1965 (Act No. 23 of 1965). Reserve Bank of India was vested with
extensive powers for the supervision of banking in India as the Central Banking Authority.
During those days public has lesser confidence in the banks. As an aftermath deposit
PHASE II:
Government took major steps in this Indian Banking Sector Reform after independence. In
1955, it nationalized Imperial Bank of India with extensive banking facilities on a large scale
especially in rural and semi-urban areas. Second phase of nationalization Indian Banking
Sector Reform was carried out in 1980 with seven more banks. This step brought 80% of the
banking
segment
in
India
under
Government
ownership.
The following are the steps taken by the Government of India to Regulate Banking
Institutions in the Country:
After the nationalization of banks, the branches of the public sector bank India raised to
approximately 800% in deposits and advances took a huge jump by 11,000%.Banking in the
sunshine of Government ownership gave the public implicit faith and immense confidence
about the sustainability of these institutions.
PHASE III
2
his
name
which
worked
for
the
liberalisation
of
banking
practices.
The country is flooded with foreign banks and their ATM stations. Efforts are being put to
give a satisfactory service to customers. Phone banking and net banking is introduced. The
entire system became more convenient and swift. The financial system of India has shown a
great deal of resilience. It is sheltered from any crisis triggered by any external
macroeconomics shock as other East Asian Countries suffered. This is all due to a flexible
exchange rate regime, the foreign reserves are high, the capital account is not yet fully
convertible, and banks and their customers have limited foreign exchange exposure.
EVOLUTION:
Ethics and their importance as pillars of any vision and one of the most important
driving forces in an organization.
Employee clarity of job expectations. "If expectations are not clear and basic
materials and equipment not provided, negative emotions such as boredom or
resentment may result, and the employee may then become focused on surviving
more than thinking about how he can help the organization succeed."
Regular feedback and dialogue with superiors. "Feedback is the key to giving
employees a sense of where theyre going, but many organizations are remarkably bad
at giving it. "'What I really wanted to hear was 'Thanks. You did a good job.' But all
my boss did was hand me a check.'
EMPLOYEE ENGAGEMENT
Employee engagement is a concept that is generally viewed as managing discretionary
effort, that is, when employees have choices, they will act in a way that furthers their
organization's interests. An engaged employee is a person who is fully involved in, and
enthusiastic about, his or her work.
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Employee clarity of job expectations. "If expectations are not clear and basic
materials and equipment not provided, negative emotions such as boredom or
resentment may result, and the employee may then become focused on surviving
more than thinking about how he can help the organization succeed."
Regular feedback and dialogue with superiors. "Feedback is the key to giving
employees a sense of where theyre going, but many organizations are remarkably bad
at giving it. "'What I really wanted to hear was 'Thanks. You did a good job.' But all
my boss did was hand me a check.'
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Research Hypothesis
Researchers form hypotheses "tentative answers for a research question" because the
hypothesis will influence how the research study is conducted. As you'll see in later sections,
there are many methods researchers use to answer research questions. Which method a
researcher chooses will also depend on the hypothesis, i.e. the answer a researcher aims to
find.
Scientists use theories as they develop their research hypotheses. Therefore, in this section,
we first address theories, and then focus on how to develop a hypothesis.
In business research, the theories used are often derived from theories in other disciplines.
For example, psychological theories, such as theory of planned behaviour, are often used to
explain issues in organizational behaviour. Network theories, originally developed by
sociologists, explain how the structure of relationships between different people affect their
behaviour and have successfully applied to investigate which relationships companies form
and maintain, and why they do so. Economic theories in industrial organization form the base
for many considerations in strategic management, such as the framework of competitive
advantage proposed by Porter.
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Does your work group plan together and coordinate its efforts?
Frequency
Percent
Valid Percent
Cumulative Percent
indifferent
10.0
10.0
10.0
Agree
80.0
80.0
90.0
strongly agree
10.0
10.0
100.0
Total
10
100.0
100.0
INFERENCE: From the above findings of the question, the inference that can be drawn is
that most of the employees think or consider that there is planning and coordination among
the various workgroup of the organization. 80% of the total sample agree that there is
planning and coordination among the various workgroups in an organization.
QUESTION-- 2
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Frequency
Percent
Valid Percent
Cumulative Percent
Indifferent
10.0
10.0
10.0
Agree
60.0
60.0
70.0
strongly agree
30.0
30.0
100.0
Total
10
100.0
100.0
INFERENCE: The inference drawn is that a majority of the employees feel that their
workgroup makes good decisions and solves problems well. but there is no one who is
against this statement.
QUESTION -- 3
18
Valid
Frequency
Percent
Valid Percent
Cumulative Percent
disagree
10.0
10.0
10.0
indifferent
20.0
20.0
30.0
Agree
30.0
30.0
60.0
strongly agree
40.0
40.0
100.0
Total
10
100.0
100.0
INFERENCE: The findings of this question show us that information in the organization
is shared in the organization to an extent. 40% strongly agree. 30% agree, and there is also a
major part(30%) of the employees who disagree or are indifferent.
QUESTION -- 4
19
Valid
Frequency
Percent
Valid Percent
Cumulative Percent
indifferent
20.0
20.0
20.0
disagree
60.0
60.0
80.0
strongly disagree
20.0
20.0
100.0
Total
10
100.0
100.0
INFERENCE: The inference that can be drawn is that the workgroup does not feel
responsible about achieving its objectives successfully, but there is also a combined chunk of
employees(40%), who think that the workgroups do feel responsible to meet the objectives
successfully.
QUESTION -- 5
20
Valid
Frequency
Percent
Valid Percent
Cumulative Percent
indifferent
60.0
60.0
60.0
Agree
40.0
40.0
100.0
Total
10
100.0
100.0
INFERENCE: the inference is that, if unusual demands are placed upon the workgroup,
the group is either unsuccessful or any type of unusual demand is not placed on it.
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Valid
Frequency
Percent
Valid Percent
Cumulative Percent
Disagree
20.0
20.0
20.0
Indifferent
30.0
30.0
50.0
Agree
20.0
20.0
70.0
strongly agree
30.0
30.0
100.0
Total
10
100.0
100.0
INFERENCE: The answer to this question came as a mixed response. Same proportion of
individuals agreed strongly and were indifferent about it. But, the difference between those
who agree and disagree is only 10%, which shows that there is distrust among individuals in
the workgroups.
QUESTION -- 7
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Frequency
Percent
Valid Percent
Cumulative Percent
Indifferent
30.0
30.0
30.0
Agree
40.0
40.0
70.0
strongly agree
30.0
30.0
100.0
Total
10
100.0
100.0
INFERENCE: Majority of the people in the organization are satisfied with the persons in
their workgroups. But 1/3rd of the employees are indifferent towards this.
Conclusion
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3) http://www.wikipedia.org/
4) www.blackle.com
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Does your work group plan together and coordinate its efforts?
Frequency
Percent
Valid Percent
Cumulative Percent
indifferent
10.0
10.0
10.0
Agree
80.0
80.0
90.0
strongly agree
10.0
10.0
100.0
Total
10
100.0
100.0
QUESTION-- 2
Does your work group make good decisions and solve problems well?
Frequency
Percent
Valid Percent
Cumulative Percent
Indifferent
10.0
10.0
10.0
Agree
60.0
60.0
70.0
strongly agree
30.0
30.0
100.0
Total
10
100.0
100.0
QUESTION -- 3
Is information about important events and situations shared within your workgroup?
Valid
Frequency
Percent
Valid Percent
Cumulative Percent
disagree
10.0
10.0
10.0
indifferent
20.0
20.0
30.0
Agree
30.0
30.0
60.0
strongly agree
40.0
40.0
100.0
Total
10
100.0
100.0
QUESTION -- 4
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Valid
Frequency
Percent
Valid Percent
Cumulative Percent
indifferent
20.0
20.0
20.0
disagree
60.0
60.0
80.0
strongly disagree
20.0
20.0
100.0
Total
10
100.0
100.0
QUESTION -- 5
Is your workgroup able to respond to unsual work demands placed upon it?
Valid
Frequency
Percent
Valid Percent
Cumulative Percent
indifferent
60.0
60.0
60.0
Agree
40.0
40.0
100.0
Total
10
100.0
100.0
QUESTION 6
Do you have confidence and trust in the persons in your workgroup?
Valid
Frequency
Percent
Valid Percent
Cumulative Percent
Disagree
20.0
20.0
20.0
Indifferent
30.0
30.0
50.0
Agree
20.0
20.0
70.0
strongly agree
30.0
30.0
100.0
Total
10
100.0
100.0
QUESTION -- 7
27
28
Frequency
Percent
Valid Percent
Cumulative Percent
Indifferent
30.0
30.0
30.0
Agree
40.0
40.0
70.0
strongly agree
30.0
30.0
100.0
Total
10
100.0
100.0