Banking Awareness Question Bank V2
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Do Bank Mergers, a Panacea for Indian Banking Ailment - an Empirical Study of World’S Experience
IOSR Journal of Business and Management (IOSR-JBM) e-ISSN: 2278-487X, p-ISSN: 2319-7668. Volume 21, Issue 10. Series. V (October. 2019), PP 01-08 www.iosrjournals.org Do Bank Mergers, A Panacea For Indian Banking Ailment - An Empirical Study Of World’s Experience G.V.L.Narasamamba Corresponding Author: G.V.L.Narasamamba ABSTRACT: In the changed scenario of world, with globalization, the need for strong financial systems in different countries, to compete with their global partners successfully, has become the need of the hour. It’s not an exception for India also. A strong financial system is possible for a country with its strong banking system only. But unfortunately the banking systems of many emerging economies are fragmented in terms of the number and size of institutions, ownership patterns, competitiveness, use of modern technology, and other structural features. Most of the Asian Banks are family owned whereas in Latin America and Central Europe, banks were historically owned by the government. Some commercial banks in emerging economies are at the cutting edge of technology and financial innovation, but many are struggling with management of credit and liquidity risks. Banking crises in many countries have weakened the financial systems. In this context, the natural alternative emerged was to improve the structure and efficiency of the banking industry through consolidation and mergers among other financial sector reforms. In India improvement of operational and distribution efficiency of commercial banks has always been an issue for discussion for the Indian policy makers. Government of India in consultation with RBI has, over the years, appointed several committees to suggest structural changes towards this objective. -
Merger and Acquisitions in the Indian Banking Sector
Research Article Volume 1 Issue 6 2015 ISSN: 2395-7964 SS INTERNATIONAL JOURNAL OF MULTIDISCIPLINARY RESEARCH Merger and Acquisitions in the Indian Banking Sector Prof.D. Suryachandra Rao Faculty of Commerce and Management Krishna University Machilipatnam, A.P Dr. M. Venkateswara Rao Principal Kunda College of Technology & Management Vijayawada, A.P., India Abstract The International Banking scenario has shown major changes in the past few years in terms of the Mergers and Acquisitions. Mergers and Acquisition is a useful tool for the growth and expansion in any Industry and the Indian Banking Sector is no exception. It is helpful for the survival of the weak banks by merging into the larger bank. Due to the financial system deregulation, entry of new players and products with advanced technology, globalization of the financial markets, changing customer behaviour, wider services at cheaper rates, shareholder wealth demands etc., have been on rise. This study shows the impact of Mergers and Acquisitions in the Indian Banking sector. For this purpose, a comparison between pre and post merger performance in terms of Operating Profit Margin, Net Profit Margin, Return on Assets, Return on Equity, Earning per Share, Debt Equity Ratio, Dividend Payout Ratio and Market Share Price has been made. In the initial stage, after merging, there may not be a significant improvement due to teething problems but later they may improve upon. Key words: Mergers. Acquisitions, Financial Performance, Ratio, Profitability 76 01.00 Introduction Mergers and Acquisitions is one of the widely used strategies by the banks to strengthen and maintain their position in the market. -
Leadership in Banking Through Technology
Leadership in banking through technology 22ND ANNUAL REPORT AND ACCOUNTS ON THE MOVE 2015 - 2016 AT OUR PLACE AT YOUR PLACE CONTENTS 1 Leadership through Technology 2 ICICI Bank at a Glance 4 Financial Highlights 6 Message from the Chairman 8 Message from the Managing Director & CEO 10 Board and Management 11 Messages from Executive Directors 12 Banking on the Move 16 Banking at Your Place REGISTERED OFFICE 18 Banking at Our Place Landmark 20 Promoting Inclusive Growth Race Course Circle 24 Awards Vadodara 390 007 25 Directors’ Report Tel : +91-265-3263701 CIN : L65190GJ1994PLC021012 77 Auditor’s Certificate on Corporate Governance 78 Business Overview CORPORATE OFFICE 92 Management’s Discussion and Analysis ICICI Bank Towers 116 Key Financial Indicators: Last Ten Years Bandra-Kurla Complex Mumbai 400 051 FINANCIALS Tel : +91-22-33667777 Fax : +91-22-26531122 117 Independent Auditors’ Report – Financial Statements of ICICI Bank Limited STATUTORY AUDITORS B S R & CO. LLP 122 Financial Statements of ICICI Bank Limited 1st Floor, Lodha Excelus 193 Independent Auditors’ Report – Consolidated Apollo Mills Compound Financial Statements N. M. Joshi Marg 198 Consolidated Financial Statements of Mahalaxmi ICICI Bank Limited and its Subsidiaries Mumbai 400 011 243 Statement Pursuant to Section 129 of Companies Act, 2013 REGISTRAR AND 245 Basel Pillar 3 Disclosures TRANSFER AGENTS 246 Glossary of Terms 3i Infotech Limited International Infotech Park Tower 5, 3rd Floor ENCLOSURES Vashi Railway Station Complex Vashi, Navi Mumbai 400 703 Notice Attendance Slip and Form of Proxy LEADERSHIP THROUGH TECHNOLOGY... Digital technology is transforming the way we lead our lives today. The banking and financial services industry is a clear representation of this transformation. -
View Annual Report
As filed with the Securities and Exchange Commission on July 12, 2018 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ‘ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR È ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2018 OR ‘ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR ‘ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of event requiring this shell company report Commission file number 000-54189 KABUSHIKI KAISHA MITSUBISHI UFJ FINANCIAL GROUP (Exact name of Registrant as specified in its charter) MITSUBISHI UFJ FINANCIAL GROUP, INC. (Translation of Registrant’s name into English) Japan (Jurisdiction of incorporation or organization) 7-1, Marunouchi 2-chome Chiyoda-ku, Tokyo 100-8330 Japan (Address of principal executive offices) Kazutaka Yoneda, +81-3-3240-8111, +81-3-3240-7073, same address as above (Name, Telephone, Facsimile number and Address of Company Contact Person) Securities registered or to be registered pursuant to Section 12(b) of the Act: Title of each class Name of each exchange on which registered Common stock, without par value ................................................................. NewYork Stock Exchange(1) American depositary shares, each of which represents one share of common stock .......................... NewYork Stock Exchange (1) The listing of the registrant’s common stock on the New York Stock Exchange is for technical purposes only and without trading privileges. -
A Case Study of ICICI Bank in Jaipur City
Jain Ruchi et al., IJSRR 2014, 3(2), 95 - 110 Case Study Available online www.ijsrr.org ISSN: 2279–0543 International Journal of Scientific Research and Reviews Effect of Job Satisfaction on Employee Retention in Banking Sector- A Case Study of ICICI Bank in Jaipur City Jain Ruchi and Kaur Surinder* Department of Management and Business Studies, The IIS University, Jaipur, Rajasthan India ABSTRACT Mergers and Acquisitions is one of the most conventional strategic instruments which are done through the permission taken from RBI and collaboration between Transferor & Transferee Company. Enormous investments should require but it pushes the wings of growth& developmentpromptly and the investment decisions are mainly based on financial facets of company. Though merger & acquisition, company carries growth as well as inevitable challenges for Transferor and transferee Company. Such challenges may job satisfaction& retention factors, which directly affect the work force of the transformer company.It has been observed in case of ICICI Bank and the Bank of Rajasthan Ltd. merger, when all the bank employees of BoRdisturbed. Therefore, the objective of this research paper is to recognize the most prominent factors job satisfaction &employee retention. The factors are divided into two heads i.e. job satisfaction factors and employee retention factors. For this purpose, a large sample of 100BoR bank employees has been drawn from Jaipur city and the factor analysis has been performed. It has been found that cultural fit and HR policy framework are two prominent factors for high level of stress and dissatisfaction among bank employees. In the present research, my thought has provoked by observation that the employees of ICICI bank are not satisfied with the merger & acquisition. -
Third International Conference on Operations and Quantitative M
Private Sector Banks in India - A SWOT Analysis Prof. CHOWDARI PRASAD Dr. K.S.SRINIVASA RAO Associate Professor (Finance Area) Associate Professor (QM Area) Official e-mail: [email protected] [email protected] Personal e-mail: [email protected] [email protected] T.A. Pai Management Institute (TAPMI) MANIPAL – 576 104 Udupi District, Karnataka, India. Tel. (Office): 0820 – 257 1358 / 257 3162 Topic Area: Banking Introduction: Private Sector Banks existed for over a century in India. Formation of State Bank Group in 1955 / 1957 and two nationalizations in 1969 and 1980 lead to dominant Public Sector Banks. Economic reforms in 1991 and Banking Sector Reforms again in 1997-98 have changed the banking scene totally. People generally rely on nationalized banks backed by Government. Change in mindset of the customers forced RBI to allow new private banks a decade back. World Trade Organisation (WTO) and globalization initiated more foreign banks to add competition and a proper level playing field. It is pertinent and appropriate to mention that Imperial Bank of India was also a large private sector bank but handling all the commercial banking business as well as treasury related work of Government until Reserve Bank of India (RBI) was formed in the year 1934, once again as a private bank! It was in the post independent era in the year 1948 that RBI itself was converted into a fully state-owned bank followed by formation of State Bank of India in 1955. The debate about whether RBI is fully autonomous is inconclusive even today as it operates as the country’s central bank and also advises the Government on monetary and fiscal matters but implements the 1 welfare oriented policies as far as regulating the commercial banks are concerned, irrespective whether these banks are in public, private, cooperative or foreign sector. -
SCHEDULE 18 Significant Accounting Policies and Notes to Accounts
SCHEDULE 18 Significant Accounting Policies and Notes to Accounts OVERVIEW ICICI Bank Limited (“ICICI Bank” or “the Bank”), incorporated in Vadodara, India is a publicly held bank engaged in providing a wide range of banking and financial services including commercial banking and treasury operations. ICICI Bank is a banking company governed by the Banking Regulation Act, 1949. Basis of preparation In fiscal 2001, ICICI Bank acquired and merged Bank of Madura into itself in an all-stock deal. Effective March 30, 2002, ICICI Bank acquired ICICI Limited (“ICICI”) and two of its retail finance subsidiaries, ICICI Personal Financial Services Limited (“I PFS”) and ICICI Capital Services Limited (“I CAPS”) along with ICICI’s interest in its subsidiaries in an all-stock deal. The amalgamation was accounted for as per the approved Scheme of Amalgamation and the purchase method of accounting. The accounting and reporting policies of ICICI Bank used in the preparation of these financial statements conform with Generally Accepted Accounting Principles (“GAAP”) in India, the guidelines issued by the Reserve Bank of India (“RBI”) from time to time and practices generally prevailing within the banking industry in India. The Bank follows the accrual method of accounting and historical cost convention. The preparation of financial statements requires the management to make estimates and assumptions considered in the reported amounts of assets and liabilities (including contingent liabilities) as of the date of the financial statements and the reported income and expenses during the reporting period. Management believes that the estimates used in the preparation of the financial statements are prudent and reasonable. -
ICICI Bank at a Glance
DIGITALLY EMPOWERING THE NATION 21st Annual Report and Accounts 2014-2015 WorldReginfo - 7522c630-1665-480d-8e7d-4a62eda4b085 Contents 02 ICICI Bank at a Glance 04 Financial Highlights 06 Message from the Chairman 08 Message from the Managing Director & CEO 10 Board and Management 11 Message from Executive Directors 12 Empowering the youth of today REGISTERED OFFICE 14 Transforming day-to-day banking Landmark 16 Creating digital banking solutions Race Course Circle for global Indians Vadodara 390 007 18 Partnering the nation by providing digital Tel : +91-265-6722222 banking services Fax : +91-265-6722020 20 Promoting Inclusive Growth CIN : L65190GJ1994PLC021012 24 Awards 25 Directors’ Report CORPORATE OFFICE 75 Auditor’s Certificate on Corporate Governance ICICI Bank Towers 76 Business Overview Bandra-Kurla Complex 88 Management’s Discussion & Analysis Mumbai 400 051 110 Key Financial Indicators: Last Ten Years Tel : +91-22-33667777 Fax : +91-22-26531122 Financials 111 Independent Auditors’ Report – Financial STATUTORY AUDITORS Statements of ICICI Bank Limited B S R & CO. LLP 114 Financial Statements of ICICI Bank Limited 1st Floor, Lodha Excelus 181 Independent Auditors’ Report – Consolidated Apollo Mills Compound Financial Statements N. M. Joshi Marg 184 Consolidated Financial Statements of ICICI Bank Mahalaxmi Limited and its Subsidiaries Mumbai 400 011 228 Statement Pursuant to Section 129 of Companies Act, 2013 REGISTRAR AND 230 Basel Pillar 3 Disclosures 231 Glossary of Terms TRANSFER AGENTS 3i Infotech Limited International Infotech Park Enclosures Tower 5, 3rd Floor Notice Vashi Railway Station Complex Attendance Slip and Form of Proxy Vashi, Navi Mumbai 400 703 WorldReginfo - 7522c630-1665-480d-8e7d-4a62eda4b085 Pioneering the digital banking revolution in India, ICICI Bank has been at the forefront of developing solutions, which make banking simple and convenient for its customers. -
Contents Must Do Current Affairs for SBI Clerk and LIC ADO Main 2019
General/Financial Awareness Power Capsule | SBI Clerk & LIC ADO Main 2019 Contents Must Do Current Affairs for SBI Clerk and LIC ADO Main 2019 ........................................................................................ 3 Banking Current Affairs ...................................................................................................................................................... 13 Economy/Financial/Business Current Affairs .................................................................................................................. 17 AGREEMENTS/MOU SIGNED ............................................................................................................................................. 20 NEW APPOINTMENTS: NATIONAL .................................................................................................................................... 25 NEW APPOINTMENTS: INTERNATIONAL ........................................................................................................................ 27 AWARDS & RECOGNITION ................................................................................................................................................. 29 SUMMITS | EVENTS | FESTIVALS Held (NATIONAL/INTERNATIONAL) ....................................................................... 32 COMMITTEES IN NEWS ...................................................................................................................................................... 34 NATIONAL CURRENT AFFAIRS -
An Analysis of Indian Banking Industry with Special Reference to ICICI Bank
International Journal of Recent Research in Social Sciences and Humanities (IJRRSSH) Vol. 1, Issue 1, pp: (29-39), Month: April - June 2014, Available at: www.paperpublications.org An Analysis of Indian Banking Industry with Special Reference to ICICI Bank Sana Samreen Abstract: The last decade has seen many positive developments in the Indian banking sector. The policy makers, which comprise the Reserve Bank of India (RBI), Ministry of Finance and related government and financial sector regulatory entities, have made several notable efforts to improve regulation in the sector. The sector now compares favorably with banking sectors in the region on metrics like growth, profitability and non-performing assets (NPAs). However, improved regulations, innovation, growth and value creation in the sector remains limited to a small part of it. The cost of banking intermediation in India is higher and bank penetration is far lower than in other markets. India’s banking industry needs to strengthen itself significantly In this paper, I have mainly focused on the overall analysis of the banking industry through framework like Porter’s five forces model. I have also concentrated upon the various developments being done in the industry along with recognizing the upcoming challenges as well as the opportunities to reap the profits even in troubled waters. Keywords: Indian banking industry, Porters five force model, market regulation. I. Introduction The Indian banking industry, which is governed by the Banking Regulation Act of India, 1949 can be broadly classified into two major categories, non-scheduled banks and scheduled banks. Scheduled banks comprise commercial banks and the co- operative banks.In the banking industry analysis the important thing needed is to first look whether we are talking of the investment banking or commercial or retail banking. -
A Case Study of Merger of Icici Bank and Bank of Rajasthan
ZENITH International Journal of Multidisciplinary Research Vol.2 Issue 5, May 2012, ISSN 2231 5780 STRATEGIC MOVE OF ICICI BANK: A CASE STUDY OF MERGER OF ICICI BANK AND BANK OF RAJASTHAN DR. ABHINN BAXI BHATNAGAR*; MS. NITU SINHA** *Associate Professor, Galgotias Business School, Greater Noida. **Research Associate, Galgotias Business School, Greater Noida. ____________________________________________________________________________________ ABSTRACT Changing is the regulation of nature. Any business organization undergoes change on a continuous basis, technically termed as Corporate Restructuring. It can be defined as a strategy to achieve faster growth, desired capital structure and change in the ownership and control of company. The reasons behind change may be external or internal factors. In the present scenario, business organization undertakes changes to increase their cutting edge over the competition and enhance their leadership positions. It is a fundamental fact of finance that growth and capital employed are two basic drivers of the value of an organization. On the other hand neither growth nor improvement in ROCE is possible unless the company is under the control of competent, progressive and visionary management. The present paper is an attempt to understand the strategic move of ICICI bank. The case study will reveal the motives behind and synergies from such M&A activities. An attempt has been made to analyze, “Is corporate restructuring a tool to enhance the shareholders value”. Why ICICI Bank has taken such a strategic move and many more questions will be solved from the case study. ______________________________________________________________________________ INTRODUCTION Mergers and acquisitions in banking sector has become admired trend throughout the country. A large number of public sector, private sector and other banks are engaged in mergers and acquisitions activities in India. -
1 CHAPTER-1 INTRODUCTION Every Organization Whether It Is
CHAPTER-1 INTRODUCTION Every organization whether it is manufacturing sector or service sector like bank, insurance etc. is relentlessly in a course of self-appraisal and in looking for devices for appraising its own contemporary performance in comparison with the various targets, past achievements and operative and financial parameters. Business judgment and policy formulation characteristically depend on such types of indicators. The competency of banks, which converts its resources to output by making its best allocation, is essential for the growth and development of an economy. Since banking sector plays enormous role in the progress of an economy, it has received unsullied interest from researchers and economists. The swift progresses in IT (information technology) have directed to the radical expansion of new banking services and financial instruments. The competition among banks at national and international level has amplified and it has induced the banking industry to progress their efficiency and productivity. Moreover, the government have adopted diverse policies and procedures, which were drafted by policy makers, think tanks and civil society in coordination with officials of the government authority. Among such policies, the consolidation of banks appeared to be one of the best desirable strategies. It can typically be characterized as activities involving acquisitions, takeovers, demerger, amalgamation, internal corporate restructuring, corporate control as well as changes in the proprietorship arrangement of firms in any industry. Actually, M&As (merger and acquisitions), which takes place to accomplish economies of scale, to persuade diversifications of the products, to boost profitability along with technological 1 change and deregulation and to lessen the various risk as well, can happen through in- house and exterior means.