Mrs Fields Cookies Essay

Mrs. Fields Cookies was established by Debbi Fields in the late 1970s. She and her better half Randy Fields opened their first store in 1977 in Palo Alto, California, selling custom made style treats which immediately developed in fame. Items Mrs. Fields Cookies came in 14 assortments. Every single heated item were made on premises in the individual stores and the organization particularly centered around the new treats. On the off chance that the treats are not sold inside two hours, they were parted with and disposed of. Contenders Mrs. Fields contenders included New York’s David’s Cookies, Atlanta’s Original Great American Chocolate Chip Cookie Company, and the Nestle Company’s Original Cookie Co. Difficulties 1. Low obstructions to passage and shopping center areas rivalry In the mid 1980s, treats were modest to make and the boundaries of sweet nibble industry to section were low. There were numerous treats makers and numerous purchasers in the market, and no business had all out command over the market cost. Since some 80% of Mrs. Fields outlets were in shopping centers, so the opposition for the most good shopping center areas was savage. 2. Diversifying Financing and execution of trade market Mrs. Fields had reliably would not establishment their stores, on the grounds that â€Å"she saw diversifying as lost power over the final result and loss of touch with the customers†. To discover bank financing and extra capital for development, Mrs. Fields attempted to open up to the world and made first sale of stock on the London trade in 1986, yet this experience was not fruitful, on the grounds that purchasers didn't have the foggiest idea about the organization and didn't accept that Mrs. Fields’ business could be continued development without diversifying. The outcome was that the stock value rose gradually. Business Strategy Authoritative technique Mrs. Fields had a non-chain of importance association with decentralized dynamic. Regularly, there was no official association graph in organization which implies Mrs. Fields needed to exploit the insight and trust the judgment of representative all through the organization, rather than depending on a little arrangement of leaders. The workers at Mrs. Fields were given considerably more obligations, for example, neighborhood advertising choices were made by the local and area supervisors, since they should have been ready to react rapidly to the requests of target clients. Mrs. Fields additionally urged representatives to be wacky and friendly, with the goal that clients feel good buying treats. The organization set high an incentive on representatives by utilizing â€Å"promote from within† methodology, workers were remunerated for their exhibition with a reward framework. Data System procedure Data innovation assumed a significant job at Mrs. Fields. MIS empowered Mrs. Fields to have â€Å"network structure† and utilize unified data framework out of Utah and disseminate it to each store varying. Mrs. Fields’ approach of data innovation was steady with a specially appointed cost/advantage investigation. All stores were running under execution of data frameworks at Mrs. Fields to advance deals and control work and treats cost. Mrs. Fields likewise accepted that it was not important to extend staff to oblige business development, and littler gatherings of individuals at Mrs. Fields could settle on choice to tackle business issues quicker and better if individuals could work very well with the data innovation to grow all the more new and imaginative applications, in light of the fact that a valuable data framework in organization could spare time and work cost, and make business activities increasingly exact, compelling and productive. Activities methodology To begin with, Mrs. Fields utilized well disposed and sorted out structure style for their stores to pull in more clients. Clients consistently were brought into the store by the receptiveness of the plan and by the fragrance of hot treats straight from the broilers. Second, advanced administration data framework likewise assumed a significant job on the business tasks. Store the board framework structured by Randy and the MIS association was incorporated with every business procedure for day arranging, creation plan, time timekeepers, store bookkeeping, stock, talk with planning, expertise testing and electronic mail. Controller at headquarter in Utah was additionally coordinated with framework gathering deals data got from all stores. The data framework helped controller in producing reports for the executives survey. â€Å"Expanded store† procedure/expansion system From 1980s, Mrs. Fields began a progression of acquisitions to extend their organizations including a 119-store French Bakery/sandwich chain, La Pette Boulangerie and Famous Chocolate Chip Company. These acquisitions brought a blend of full lines of the two treats and pastry kitchen items and introduced a chance to cut out a specialty in a profoundly fractionalized showcase, and the size of the activity comprised a speculation obstruction to rivalry. Yet, a similar time, the procurement additionally brought a considerable lot of overhead capacities into the current association, including bookkeeping, fund, work force, HR, and so forth.

Research Designs and Methods Term Paper Example | Topics and Well Written Essays - 2250 words

Research Designs and Methods - Term Paper Example  If we were to not utilize logical research, we would need to depend on instinct, theory and impulses. All through history, one can see instances of how significant choices can turn out badly in light of the fact that the chief depended on these. Instinct is frequently affected by a couple of occasions that are not delegate of the standard. The chief may not understand how much weight a specific episode might be given essentially on the grounds that it has emotionally affected them; and not on the grounds that it is extremely important. Factual investigations have indicated that any of various speculations has the very same possibility of being directly as some other in the set. By and by, we regularly tragically believe that a specific estimate has a more prominent likelihood of being correct. This is an error that propels each betting circumstance. The impulses and thoughts of rulers have frequently been their ruin. Significant choices of organizations, nations and even people, w henever taken without the support of realities and research can frequently prompt expensive slip-ups †once in a while irreversible... (Baily, 1994; 76-83). A greater part of the sort of research referenced is directed by utilizing numerical and factual capacities. Be that as it may, when the object of study is an individual, quantitative estimation of wonders isn't generally conceivable. Human experience is innately subjective, and frequently it is best announced along these lines. Various analysts have gotten this, and decide to examine wonders from a subjective and graphic perspective. While such research is frequently censured for not having the option to introduce hard information, the knowledge it gives into the human experience puts forth it definitely justified even despite the attempt. It is, obviously, hard to sum up from emotional information; a quality of equitably gathered information. Now and again, there is no endeavor at all to apply the discoveries in a bigger setting. Subjective research is additionally increasingly error prone in its translation. In any case, regardless of every one of its blemish es, subjective information †particularly in the Social Sciences †can give an understanding and a viewpoint that experimental information can't afford.â Â

Global Warming and how it Relates to Tsunami Essay

An unnatural weather change and how it Relates to Tsunami - Essay Example Michael Crichton's Territory of Fear, for instance, cases of eco-psychological militants making environmental calamities like torrent with an end goal to strengthen distrustfulness about sudden environmental change (Apologetics 2005). Several researchers, in any case, including those from the National Academy of Sciences, the American Geophysical Union and the Intergovernmental Panel on Climate Change consider the difficulties raised by Crichton that a dangerous atmospheric devation is here because of human-caused emanations, not simply characteristic variables (NRDC 2004). In its yearly report, the Natural Resources Defense Council (NRDC) said higher temperatures may cause dry season, infection, floods, and lost biological systems and that an unnatural weather change impacts have just started from intense warmth to rising oceans (GW, NRDC n.d.). Arrangements are anyway in sight, with them realizing that most warmth catching gases originate from: power plants and vehicles. Henceforth, some portion of the activity should originate from checking outflows, utilizing present day innovations and more grounded laws, advancing on the web activism, squeezing organizations to utilize less vitality and assemble progressively effective items, and battling for laws that will speed these advances (Ibid). A worldwide temperature alteration alludes exclusively to the way that the Earth's environment is warming close to its surface. It basically implies the earth is getting more smoking however doesn't infer a reason or address cause something. Mainstream researchers accepts atmosphere changes like an unnatural weather change have happened since Earth's commencement and will keep on happening later on (What is GW, WiseGeek 2005). Terms and implications. Atmosphere researchers who incline toward references to atmosphere, guarantee that the term, an Earth-wide temperature boost, is uncertain and ought to be kept away from in open correspondence as it is confounding. Anyway one noticed that the terms 'a dangerous atmospheric devation' and environmental change both underline the common changeability of atmosphere, while minimizing the job of anthropogenic driving. In like manner, researchers ought to rather demand logical terms, for example, 'upgraded nursery impact', 'changes to environmental sythesis', 'atmosphere disturbance', and 'human atmosphere compelling' as these terms are increasingly exact, less disputable, and less politicized than either an unnatural weather change or environmental change. (Tobis 2004). Besides, an Earth-wide temperature boost is too stacked a term and is taking steps to individuals, and when the Bush organization presented the expression, atmosphere changeability, individuals are truly terrified. The issue with the expression, an unnatural weather change, is that it only indicates increment in temperatures which isn't. There is the hydrology part of it which can cause a lot of devastation as in torrent (Ibid). Logical agreement. At a phenomenal rate heat-catching contamination from petroleum derivatives and different sources is warming the planet as indicated by an ever increasing number of confirmations supporting this end. Additionally, atmosphere models planned by NASA and others are likewise indisputable in their discoveries of human exercises causing environmental change (NRDC 2004). No confirmations.. There is no proof, in any case, that people are answerable for expanding worldwide temperatures. Moreover, carbon dioxide emanations have really been valuable to the earth. (Robinson and Robinson 1997). The reason for a worldwide temperature alteration in any case, is fundamentally normal, not artificial (Gerhard 2005). The earth advances and has changes in circle and in sunlight based radiation (Ibid). Volcanic GW. A dangerous atmospheric devation brought about by volcanic action may have caused the

How to Write Discursive Essay Topics List

How to Write Discursive Essay Topics ListYou need to know how to write discursive essay topics list and this is easy to do. These topics help you in your writing. The reason for this is that these topics are what you will use as the basis for the information that you will be presenting.But, you need to know that just knowing these topics list does not make you a good writer. On the contrary, you will not have a very good chance of making it if you do not put in the effort in writing the topics. So, the next question that you have to ask yourself is, 'how can I write discursive essay topics list.'All the ideas that you have in your head are useless if you do not turn them into words. So, the first thing that you need to do is to gather all your ideas and thoughts. Now, after you have gathered all your ideas, think them over and ask yourself whether you want to write something about it. There may be different things that you want to write but you have to try them out before you actuall y take the time to write them down.After you have written the ideas that you want to write down, here comes the discursive essay topics list. This list will contain your topic list and the content of the essay. You need to divide your topic list into five parts so that you do not confuse anything. These parts include The introduction, The body, The body paragraph, The conclusion and the resource box.After you have separated the body paragraph from the body paragraph, the next thing that you need to do is to outline the body paragraph and to make sure that it contains at least one sentence. This sentence should not only speak about the idea but also include some explanation of the topic. The body paragraph of the essay should include one sentence or even less than one sentence. You should finish off with your resource box. You should include a resource box in your essay that is going to get the reader to want to learn more about the topic that you are writing about.If you do not fini sh off with your resource box, then your essay will not be as complete as it could be. In order to make your essay as good as it can be, you have to keep up with the practices that are commonly done by other writers. You can look for examples online and then try to imitate those examples. This will help you avoid any unnecessary mistakes. Also, you will learn more about how other writers write their essays and this is an advantage that you cannot get by reading the topics list of other writers.You also need to check out the answers to some basic questions before you actually start writing your essay. Once you are done with all these, you will know how to write discursive essay topics list and your essays will be flawless.

About idbi bank - Free Essay Example

Sample details Pages: 29 Words: 8806 Downloads: 4 Date added: 2017/06/26 Category Statistics Essay Did you like this example? CHAPTER- I 1.1 Title of the study 1.2 Scope of the study Don’t waste time! Our writers will create an original "About idbi bank" essay for you Create order 1.3 Objective of the study 1.4 Significance of study 1.5 Researcher methodology 1.1 Title of the study:- A survey on banking products, customer satisfaction awareness of IDBI Bank 1.2 Scope Importance of the Study Each and every project study along with its certain objectives also have scope for future. And this scope in future gives to new researches a new need to research a new project with a new scope. Scope of the study not only consist one or two future business plan but sometime it also gives idea about a new business which becomes much more profitable for the researches then the older one. Scope of the study could give the projected scenario for a new observed in my project are not exactly having all the features of the scope which I described above but also not lacking all the features. @ Research study could give an idea of network expansion for capturing more market and customer with better services and lower cost, with out compromising with quality. @ In future customer requirements could be added with the product and services for getting an edge over competitors. @ Consumer behavior could also be used for the purpose of launching a new product with extra benefits which are required by customers for their account (saving or current ) and/or for their investments. @ Factors which are responsible for the performance for bank can also be used for the modification of the strategy and product for being more profitable. 1.3 Objectives of the study:- To know the customer needs and expectations. To find out the factors which customer take into consideration in opening a account To know that up to what extent a customer is satisfied with the bank To know the customer complaints and their redressal 1.4 Significance of the study:- Every research is conducted to fulfill certain objectives and these objective in turn fulfill some purpose and are of significance for one or more then one party these research is significant for:- To the Researcher:- This study provides the researcher a practical insight of various activities and function of the bank The researcher will also be able to develop on in depth knowledge of banking sector The study is also required for the partial fulfillment of the requirement for the degree of MBA as per the curriculum To the Bank:- The study would help IDBI Bank to know the customers attitude (about awareness and satisfaction level) towards its various products. 1.5 Research Methodology:- 1) Type of Research Research is descriptive in nature 2) Universe Customer of IDBI Bank in New Delhi 3) Sampling Unit Existing customer of IDBI Bank 4) Sampling Technique Convenience method of sampling was used 5) Sample Size 200 respondents 6) Data Type Primary secondary data PRIMARY DATA The Primary data are those which are collected afresh and for the first time, and thus happen to be original in character. SECONDARY DATA The secondary data are those which have already been collected by someone else and which have already been passed through the statistical process. CHAPTER II 2.1 Industry Introduction 2.2 Introduction to IDBI bank: All about 2.3 Management Organization 2.4 IDBI bank business chart 2.5 IDBI bank organizational chart 2.6 Product Services 2.7 Subsidiaries of IDBI 2.8 Review of literature 2.1Industry 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 terms of ownership, commercial banks can be further grouped into nationalized banks, the State Bank of India and its group banks, regional rural banks and private sector banks (the old/ new domestic and foreign). These banks have over 67,000 branches spread across the country in every city and villages of all nook and corners of the land. The first phase of financial reforms resulted in the nationalization of 14 major banks in 1969 and resulted in a shift from Class banking to Mass banking. This in turn resulted in a significant growth in the geographical coverage of banks. Every bank had to earmark a minimum percentage of their loan portfolio to sectors identified as priority sectors. The manufacturing sector also grew during the 1970s in protected environs and the banking sector was a critical source. The next wave of reforms saw the nationalization of 6 more commercial banks in 1980. Since then the number of scheduled commercial banks increased four-fold and the foreign banks (numbering42), regional rural banks and other scheduled commercial banks accounted for 5.7 percent, 3.9 percent and 12.2 percent respectively in deposits and 8.41 percent, 3.14 percent and number of bank branches increased eight-fold. And that was not the limit of growth. After the second phase of financial sector reforms and liberalization of the sector in the early nineties, the Public Sector Banks (PSB) s found it extremely difficult to compete with the new private sector banks and the foreign banks. The new private sector banks first made their appearance after the guidelines permitting them were issued in January 1993. Eight new private sector banks are presently in operation. These banks due to their late start have access to state-of-the-art technology, which in turn helps them to save on manpower costs. During the year 2000, the State Bank Of India (SBI) and its 7 associates accounted for a 25 percent share in deposits and 28.1 percent share in credit. The 20 nationalized banks accounted for 53.2 percent of the deposits and 47.5 percent of credit during the same period. Current Scenario: The industry is currently in a transition phase. On the one hand, the PSBs, which are the mainstay of the Indian Banking system are in the process of shedding their flab in terms of excessive manpower, excessive non Performing Assets (Npas) and excessive governmental equity, while on the other hand the private sector banks are consolidating themselves through mergers and acquisitions. PSBs, which currently account for more than 78 percent of total banking industry assets are saddled with NPAs (a mind-boggling Rs 830 billion in 2000), falling revenues from traditional sources, lack of modern technology and a massive workforce while the new private sector banks are forging ahead and rewriting the traditional banking business model by way of their sheer innovation and service. The PSBs are of course currently working out challenging strategies even as 20 percent of their massive employee strength has dwindled in the wake of the successful Voluntary Retirement Schemes (VRS) schemes. The private players however cannot match the PSBs great reach, great size and access to low cost deposits. Therefore one of the means for them to combat the PSBs has been through the merger and acquisition (M A) route. Over the last two years, the industry has witnessed several such instances. For instance, HDFC Banks merger with Times Bank Icici Banks acquisition of ITC Classic, Anagram Finance and Bank of Madurai. Centurion Bank, Indusind Bank, Bank of Punjab, Vysya Bank are said to be on the lookout. The UTI bank- Global Trust Bank merger however opened a pandoras box and brought about the realization that all was not well in the functioning of many of the private sector banks. Private sector Banks have pioneered internet banking, phone banking, anywhere banking, mobile banking, debit cards, Automatic Teller Machines (ATMs) and combined various other services and integrated them into the mainstream banking arena, while the PSBs are still grappling with disgruntled employees in the aftermath of successful VRS schemes. Also, following Indias commitment to the W To agreement in respect of the services sector, foreign banks, including both new and the existing ones, have been permitted to open up to 12 branches a year with effect from 1998-99 as against the earlier stipulation of 8 branches. Tasks of government diluting their equity from 51 percent to 33 percent in November 2000 has also opened up a new opportunity for the takeover of even the PSBs. The FDI rules being more rationalized in Q1FY02 may also pave the way for foreign banks taking the M A route to acquire willing Indian partners. Meanwhile the economic and corporate sector slowdown has led to an increasing number of banks focusing on the retail segment. Many of them are also entering the new vistas of Insurance. Banks with their phenomenal reach and a regular interface with the retail investor are the best placed to enter into the insurance sector. Banks in India have been allowed to provide fee-based insurance services without risk participation, invest in an insurance company for providing infrastructure and services support and set up of a separate joint- venture insurance company with risk participation. Aggregate Performance of the Banking Industry Aggregate deposits of scheduled commercial banks increased at a compounded annual average growth rate (Cagr) of 17.8 percent during 1969- 99, while bank credit expanded at a Cagr of 16.3 percent per annum. Banks investments in government and other approved securities recorded a Cagr of 18.8 percent per annum during the same period. In FY01 the economic slowdown resulted in a Gross Domestic Product (GDP) growth of only 6.0 percent as against the previous years 6.4 percent. The WPI Index (a measure of inflation) increased by 7.1 percent as against 3.3 percent in FY00. Similarly, money supply (M3) grew by around 16.2 percent as against 14.6 percent a year ago. The growth in aggregate deposits of the scheduled commercial banks at 15.4 percent in FY01 percent was lower than that of 19.3 percent in the previous year, while the growth in credit by SCBs slowed down to 15.6 percent in FY01 against 23 percent a year ago. The industrial slowdown also affected the earnings of listed banks. The net profits of 20 listed banks dropped by 34.43 percent in the quarter ended March 2001. Net profits grew by 40.75 percent in the first quarter of 2000- 2001, but dropped to 4.56 percent in the fourth quarter of 20002001. On the Capital Adequacy Ratio (CAR) front while most banks managed to fulfill the norms, it was a feat achieved with its own share of difficulties. The CAR, which at present is 9.0 percent, is likely to be hiked to 12.0 percent by the year 2004 based on the Basle Committee recommendations. Any bank that wishes to grow its assets needs to also shore up its capital at the same time so that its capital as a percentage of the risk-weighted assets is maintained at the stipulated rate. While the IPO route was a much-fancied one in the early 90s, the current scenario doesnt look too attractive for bank majors. Consequently, banks have been forced to explore other avenues to shore up their capital base. While some are wooing foreign partners to add to the capital others are employing the M A route. Many are also going in for right issues at prices considerably lower than the market prices to woo the investors. Interest Rate Scene The two years, post the East Asian crises in 1997-98 saw a climb in the global interest rates. It was only in the later half of FY01 that the US Fed cut interest rates. India has however remained more or less insulated. The past 2 years in our country was characterized by a mounting intention of the Reserve Bank Of India (RBI) to steadily reduce interest rates resulting in a narrowing differential between global and domestic rates. The RBI has been affecting bank rate and CRR cuts at regular intervals to improve liquidity and reduce rates. The only exception was in July 2000 when the RBI increased the Cash Reserve Ratio (CRR) to stem the fall in the rupee against the dollar. The steady fall in the interest rates resulted in squeezed margins for the banks in general. Governmental Policy: After the first phase and second phase of financial reforms, in the 1980s commercial banks began to function in a highly regulated environment, with administered interest rate structure, quantitative restrictions on credit flows, high reserve requirements and reservation of a significant proportion of lendable resources for the priority and the government sectors. The restrictive regulatory norms led to the credit rationing for the private sector and the interest rate controls led to the unproductive use of credit and low levels of investment and growth. The resultant financial repression led to decline in productivity and efficiency and erosion of profitability of the banking sector in general. This was when the need to develop a sound commercial banking system was felt. This was worked out mainly with the help of the recommendations of the Committee on the Financial System (Chairman: Shri M. Narasimham), 1991. The resultant financial sector reforms called for interest rate flexibility for banks, reduction in reserve requirements, and a number of structural measures. Interest rates have thus been steadily deregulated in the past few years with banks being free to fix their Prime Lending Rates(PLRs) and deposit rates for most banking products. Credit market reforms included introduction of new instruments of credit, changes in the credit delivery system and integration of functional roles of diverse players, such as, banks, financial institutions and non-banking financial companies (Nbfcs). Domestic Private Sector Banks were allowed to be set up, PSBs were allowed to access the markets to shore up their Cars. Implications Of Some Recent Policy Measures: The allowing of PSBs to shed manpower and dilution of equity are moves that will lend greater autonomy to the industry. In order to lend more depth to the capital markets the RBI had in November 2000 also changed the capital market exposure norms from 5 percent of banks incremental deposits of the previous year to 5 percent of the banks total domestic credit in the previous year. But this move did not have the desired effect, as in, while most banks kept away almost completely from the capital markets, a few private sector banks went overboard and exceeded limits and indulged in dubious stock market deals. The chances of seeing banks making a comeback to the stock markets are therefore quite unlikely in the near future. The move to increase Foreign Direct Investment FDI limits to 49 percent from 20 percent during the first quarter of this fiscal came as a welcome announcement to foreign players wanting to get a foot hold in the Indian Markets by investing in willing Indian partners who are starved of net worth to meet CAR norms. Ceiling for FII investment in companies was also increased from 24.0 percent to 49.0 percent and have been included within the ambit of FDI investment. IDBI bank: all about The economic development of any country depends on the extent to which its financial system efficiently and effectively mobilizes and allocates resources. There are a number of banks and financial institutions that perform this function; one of them is the development bank. Development banks are unique financial institutions that perform the special task of fostering the development of a nation, generally not undertaken by other banks. Development banks are financial agencies that provide medium-and long- term financial assistance and act as catalytic agents in promoting balanced development of the country. They are engaged in promotion and development of industry, agriculture, and other key sectors. They also provide development services that can aid in the accelerated growth of an economy. The objectives of development banks are: @ To serve as an agent of development in various sectors, viz. industry, agriculture, and international trade @ To accelerate the growth of the economy @ To allocate resources to high priority areas @ To foster rapid industrialization, particularly in the private sector, so as to provide employment opportunities as well as higher production @ To develop entrepreneurial skills @ To promote the development of rural areas @ To finance housing, small scale industries, infrastructure, and social utilities. 2.2 Introduction to the Bank IDBI the tenth largest development bank in the world has promoted world class institutions in India. A few of such institution built by IDBI are the National Stock Holding Corp. (NSE), the National Securities Depository Services Ltd.( NSDL ) Stock Holding Corp. of India (SHICL) etc. IDBI is a strategic investor in a plethora of institutions, which have revolutionized the Indian Financial Markets. IDBI promoted IDBI BANK to mark the formal foray of the Idbi group into commercial Banking. Idbi Bank, which began with an equity capital base of Rs. 1000 million (Rs.800 million contribute by IDBI and Rs. 200 millions by SIDBI), commenced its first branch at Indore in November 1995. The birth of Idbi bank took place after RBI issued guidelines for entry of new private sector banks in January 93. Subsequently, IDBI as promoters sought permission to establish a commercial bank and retained KPMG a management consultant of international repute to prepare the principle approval to establish Idbi bank on February 11th 1994 thereafter the bank was incorporated at Gwalior under companies act on 15th September 1994 with its registered office at Indore. The Certificate of Commencement of Business was received on 2nd December 1994. Banks registered office is in Indore and Head Office in Mumbai. One of the reason for the growth of Indian banks like ICICI and IDBI is that they have been allowed freedom to open any no. of branches in a particular city or suburb. They have also been given the freedom to open ATMs unlike in both cases the foreign banks who have been restricted in both of these areas. 2.3 Management Organisation IDBI Bank is a Board-managed organisation. The responsibility for the day-to-day management of operations of the Bank is vested with the Chairman Managing Director and two Deputy Managing Directors, who draw upon the support and expertise of a cross- disciplinary Top Management Team. As on March 31, 2008, IDBI Bank had a combined employee base of 8989, including professionals from the fields of accountancy, management, engineering, law, computer technology, banking and economics. Mr. Yogesh Agarwal, Chairman Managing Director Mr. Jitender Balakrishnan, Mr. O.V. Bundellu, (Deputy Managing Director) (Deputy Managing Director) OTHER BOARD OF DIRECTORS 2.4 IDBI Bank business chart 2.5 IDBI bank organizational chart 2.6 Products Services Free services Following services are provided to every type of A/C holder in general- ATMs : Besides cash withdrawals, some of the important things that you can do through the International Debit cum ATM card are : Balance Enquiry Statement Request Cheque-book Request Mini statements Cheque and Cash Deposits International usage Make purchases at 51,000 merchant establishments in India and over 10 million worldwide. Fabulous discounts and great deals at various establishments Internet Banking: Internet Banking gives you the power to access your bank account from your Personal Computer. Some of the important features of Internet Banking are : Account Balance Inquiry Transaction tracking and history Cheque status inquiry Funds transfer facilities to Own-account or third-parties Cheque book Requests Stop payment Requests FD renewal Requests Phone Banking: Just pick up your phone and access your account. The following features are available through Phone Banking : Available round the clock 24*7*365 Current Balance Inquiry Last 5 transactions inquiry Statement by fax fax-back, fax to another number, fax to registerednumber, Statement by mail Cheque status enquiry Cheque book request Balance as of a particular date Mobile Banking: The unique feature is that this facility is available across all mobile service providers. Balance enquiry Details of Last three transactions Cheque payment status Cheque book request Statement request Other services Sunday Banking Some of our branches are also open on Sundays that gives you an opportunity to complete all your banking requirements at your convenience. Locker Our branches provide lockers facility at nominal charges Who can open Account? Resident Individuals, Minors, Hindu Undivided Family (HUF), Trusts, Associations, Clubs, Societies, Foreign National residing in India can open a/c. Documents required for Account Opening: Account opening form Latest passport size photograph Self cheque or cash deposit Copy of passport In the absence of passport copy, copy of one document each from List A and List B is required: List A Voters ID card * Defense services Id/ Government ID Driving License * PAN card Photo credit card List B Latest bank account/credit card statement Latest electricity/telephone/mobile phone bill Latest copy of LIC policy or insurance premium receipt Latest copy of NSC Letter from employer certifying current mailing address Latest house lease agreement SuperSavings Account An assortment of benefits, earnings and convenience. Be it happiness in life or more time for yourself, you have always desired more of it. So why settle for less with your savings account? The SuperSavings Account is a complete financial package that provides you with easy access to your money and complete banking convenience too. It offers you a whole range of options for optimal management of your money. Which means, with SuperSavings Account you not only save your money but also make it grow. So apart from the basic benefits of a savings account, we offer you options for faster transfer of funds, options to pay your bills or tax online and options to grow money at attractive interest rates in the savings account. All these features are offered for a minimum balance of Rs 5,000. Please click on the links given below to find out more about each of these features. The SuperSavings Account is a complete financial package that provides you with easy access to your money and complete banking convenience too. It offers you a whole range of options for optimal management of your money. Which means, with SuperSavings Account you not only save your money but also make it grow. Roaming Current Account A Current account for every business No two businesses are the same, which is why IDBI Bank offersfive Roaming Current Accounts Gold to suit your business needs. Based on the balance you choose to maintain in the account, you can then choose your specific Roaming Current Account accordingly. IDBI Bank Current Accounts not only gives you the flexibility of banking anytime, anywhere, but also allows you to save more money while doing business across the country. Roaming Current Account from IDBI Bank comes packed with a host of services and facilities that makes your banking convenient and hassle-free. With services such as multi-city and multi-branch banking, electronic funds transfers, national clearing in selected cities, 247 cash withdrawals from ATMs, Internet Banking, Phone Banking and SMS Banking, you are assured of faster remittances and collection of funds at competitive rates. Whats more, extended IDBI Banking hours and Sunday Banking, all this to simplify banking for you! Features:- @ Make payments to your vendors in different cities without any costs. @ Receive payments form your customers without any charge deducted from the amount @ Do all your banking right from where you are or wherever you travel @ Most importantly, maintain better relations with your vendors and customers. All this, only with the IDBI Bank RoamingCurrent Account. You can open a Current Account (Basic RoamingCurrent Account)with only Rs 10,000. Keep in mind, you will have to maintain an average quarterly balance of Rs 10,000. But this is nothing compared to a host of services and facilities that will make your current account work more effectively and efficiently. Open Current Accounts Following can open current A/c: Sole Proprietorship Firm Partnership firm Private and Public Limited Companies Hindu Undivided Family Trusts Societies, Clubs Associations Documents required for account opening: Sole Proprietorship Account opening form Signed declaration in the Account Opening form Passport Copy or Self-cheque along with a copy of (any one) Voter ID card Defence Id/Govt ID Driving License PAN card Photo credit card In addition the following forms are required Proof of existence of sole proprietorship firm (any one) Electricity/Telephone bill for the sole proprietorship firm Shop and Establishment certificate Proof of PAN /GIR No or Form 60 (only for cash deposits) Latest passport sized photograph of the sole proprietor If the address mentioned in any of the above documents is different from that stated in the account opening form, kindly submit any one of the following to confirm the present address Ration card gas connection receipt latest telephone bill latest electricity bill Partnership firm Account opening form Signed declaration in the Account Opening form Passport copies of all partners or Self-cheque along with a copy of (any one) Voter ID card Defence Id/Govt ID Driving License PAN card Photo credit card In addition the following forms are required Proof of existence of partnership firm (any one) Shop and Establishment certificate Copy of registration certificate Copy of partnership deed Letter of consent signed by all partners (as per banks format) Private Limited and Public Limited Companies Account opening form Copy of certificate of incorporation Names and latest passport sized photographs of the authorized signatories Certified true copy of memorandum and articles of association Certified true copy of commencement of business PAN /GIR No details or Form 60 Names, addresses of directors of the companies Certified true copy of board resolution Hindu Undivided Family Account opening form Signed declaration by Karta and Co-parcenors in the Account opening Form Names and signatures addresses of Karta and co-parcenors Names, signatures and latest passport sized photographs of authorized signatories PAN /GIR No details or Form 60 Trusts Account opening form Copy of Trust Deed Copy of the resolution of the Trustees Copy of registration certificate Names and latest passport size photographs of the authorized signatories Names, addresses of the trustees Clubs/Societies and Associations Names and signatures and latest passport sized photographs of authorized signatories Copy of rules and by-laws Copy of the resolution of members for account operation Copy of registration certificate Account Opening Form Idbi banks Business Special Current account gives a host of free services and facilities that ensure optimal utilization of funds, higher liquidity and cost savings. At he same time you dont have to keep a higher minimum balance. You need to keep an Average quarterly balance of Rs. 50,000 only to avail the free services Business Premium Bronze (Rs. 1 lac-AQB) Type of Accounts: Bronze Average Quarterly Balance (AQB):1lac Free funds transfers (per month) Cheque payable locally (in over 65 idbi bank locations) :1.5 cr Demand Draft per day (on over 65 idbi bank locations) :10 lack Demand Draft (on over 300 non-idbi bank locations) :chargeable Electronic Funds Transfers :1.5 cr Pay Orders : un limited Free cheque collection (per month) Outstation cheque collection (on idbi bank locations) :50 lac Daily cheque pick-up from your establishment* :Yes Free Inter-branch banking Any branch cash withdrawal (per day) : 1lac Any branch cash deposit (per day) : Rs 20,000 Total limit for Free transactions (per day) : 6.86 cr Cost saving to the customer per year : 16 lac Also available Basic Current Account (AQB of Rs 10,000). you get monthly statement of account, certificate of balance, seep-in from FD and Net, Phone and Mobile banking facilities all FREE Business Premium Silver (Rs. 3 lacks -AQB) Types of Accounts: Silver Average Quarterly Balance (AQB):3lac Free funds transfers (per month) Cheque payable locally (in over 65 idbi bank locations) : 3 cr Demand Draft per day (on over 65 idbi bank locations) :10 lack Demand Draft (on over 300 non-idbi bank locations) : 13 lac Electronic Funds Transfers : 3cr Pay Orders : un limited Free cheque collection (per month) Outstation cheque collection (on idbi bank locations) : 1cr Daily cheque pick-up from your establishment* :Yes Free Inter-branch banking Any branch cash withdrawal (per day) : 1lac Any branch cash deposit (per day) : Rs 50,000 Total limit for Free transactions (per day) : 10.58 cr Cost saving to the customer per year : 25 lac Business Premium Gold (Rs. 5 lacks -AQB) Types of Accounts: Gold Average Quarterly Balance (AQB):5lac Free funds transfers (per month) Cheque payable locally (in over 65 idbi bank locations) : 5 cr Demand Draft per day (on over 65 idbi bank locations) :10 lack Demand Draft (on over 300 non-idbi bank locations) : 30 lac Electronic Funds Transfers : 5cr Pay Orders : un limited Free cheque collection (per month) Outstation cheque collection (on idbi bank locations) : 1cr Daily cheque pick-up from your establishment* :Yes Free Inter-branch banking Any branch cash withdrawal (per day) : 1lac Any branch cash deposit (per day) : Rs 50,000 Total limit for Free transactions (per day) : 14.75 cr Cost saving to the customer per year : 35 lac Suvidha Fixed Deposits Save and grow your cash safely IDBI Bank Suvidha Fixed Deposits have always stood for safety, credibility and attractive rates of interest. Whats more, our interest rates are among the highest in the industry so you get the benefit of high rates of return on your savings. These deposits have been further packed with the following features : @ Anytime access to your deposits @ Deposits across tenures of 15 days to 9 years @ Various Options to suit your needs. Senior Citizens Fixed Deposits Earn higher rates If you are a senior citizen, you have the advantage of earning higher interest on your regular income plans and reinvestment plans. Our interest rates for senior citizens are higher by 0.50% pa. You can choose from tenure ranging from 46 days to 9 years for minimum deposits starting from Rs10,000. Suvidha Tax Saving Fixed Deposit At IDBI Bank its been our constant endeavour to provide you with world-class products and services that help you improve your standard of living and plan ahead for the future. With the same spirit in mind, we bring to you IDBI Suvidha Tax-Saving Fixed Deposit which gives dual benefits of tax exemption u/s 80c of the Income Tax Act and higher returns on your investments with interest rates at 8.5%* p.a. for regular deposits and 9%* p.a. for Senior Citizens. Other benefits : @ Zero Balance Savings Account* @ Free local Cheque Book @ International ATM-cum-Debit Card @ Free Internet Banking facility Pension Account Pension, now without any tension Worried about receiving your monthly pension cheque? Stop worrying. Open an IDBI Bank Pension Account and get rid of all the hassles of receiving pension payments month after month. IDBI Banks Pension Account gives you the joy of receiving your pension without any tension. Sabka Account IDBI introduces Sabka Account a savings account thats literally meant for everyone; absolutely elementary in its approach and with an average quarterly balance requirement of just Rs 250. Salient features of Sabka Account 1. Low average quarterly balance Modern banking facilities with IDBIs Sabka Account with just Rs 250. 2. Debit cum ATM Card and Cheque Book Get an ATM cum Debit Card and cheque book on request at nominal charges. The card allows you to transact at IDBI ATMs and shop at retail outlets. The cheque book however, will help you carry out other banking transactions. 3. Multiple ways to access your account Now you dont need to visit the bank time and again. Our unique services like Phone Banking, SMS Banking and Internet Banking will allow you to access your account from anywhere, anytime 4. Quartely Account Statements Keep track of your Sabka Savings Account through free quarterly account statements. If you have registered for Internet Banking, you can also avail of the quartely account statements via email. 5. Recurring Deposits This account offers you a recurring fixed deposits service wherein you can earn a higher rate of interest just by investing a small amount (as low as Rs 500) every month. There will be no charges for standing instruction for credit to Recurring Deposits account from the Savings Account. IDBI Super Shakti Account for Women Understanding the specific requirements of our customers, we at IDBI Bank have introduced a special Savings Account for Women, which we have coined Super Shakti. Not only this, along with this account we offer one Zero Balance Savings Account absolutely free for her child below the age of eighteen years. The Account offers you a host of features, which include: @ Free Transactions at other Bank ATMs*. @ An account opening balance of just Rs.1000 @ An AQB requirement of Rs. 5000. @ A Zero balance account for your child below the age of 18 years. @ Debit Card Free for the first year. @ A free Personalised/Customised PAP Cheque Book. @ Quarterly Account Statement @ Free Demand Draft at Home Branch @ Free Payorder for payment of School/colleges fees and remitting funds to their parents. @ Phone Banking @ Mobile Banking @ Free Statement by e-mail @ Demat Account at just Rs.200. @ Locker services at a concessional rate @ Investment advisory services. @ Free local personalized Cheque Book Home Loans Home, sweet home, built out of your dreams. A place where you return after a hard days work and relax, a place where you share precious moments with your family. A place that gives you a sense of belonging. IDBI Bank helps you realise your long cherished dream of owning your home through hassle free and customer friendly home loans. Presenting IDBI Banks ultra flexible home loan you have been looking for. We realise what owning your home means to you and your family. You can avail of the Home Loans for constructing a home, purchasing a ready built house/flat, residential plot and even for re-financing existing loans you may have availed from other banks or housing finance companies. Advantages of IDBI Ultra Flexible Home Loans @ Maximum Funding, @ Flexibility of choosing between Floating or Fixed interest rate, @ Attractive rate of interest, @ EMI on daily reducing balance, @ Personalised doorstep service, @ Simple documentation, @ Legal and technical assistance, @ Balance transfer facility, Education Loans Education loans from IDBI Bank aim at providing financial support to deserving/ meritorious students for pursuing higher education in India and abroad. With an array of courses to choose from and easy repayment options, IDBI Bank makes sure you get complete financial backing. Maximum loan amount : 1. Study in India-Rs.10 lakhs 2. Study Abroad -Rs.20 lakhs 2.7 Subsidiaries of IDBI IDBI Gilts Ltd IDBI Homefinance Ltd IDBI Intech Ltd IDBI Capital Market Services Limited IDBI Capital Market Services Limited IDBI Capital Market Services Ltd. (head quartered in Mumbai), is a leading provider of financial services and is a 100% subsidiary of IDBI Bank Ltd. The company was set up in 1993 with the objective of catering to specific financial requirements of financial institutions, banks, mutual funds and corporate houses. The company provides a complete range of financial products and services that includes: @ Stock Broking-Institutional and Retail @ Derivatives Trading @ Distribution of Mutual Funds @ Investment Banking @ PF/Pension Fund Management @ Retail Marketing of Bonds and IPOs @ Depository Services @ Research Services Over the last 5 years, the company has been ranked amongst the leading players in each of these businesses. It has a strong agent network which caters to the investment needs of retail investors in instruments like IPOs, Bonds, etc. The company is a major player in the Equity and Derivatives market and a leading manager of Pension Provident Funds in the country. The company has executed several mandates on the Issue Management and Corporate Advisory Services. The company offers an online investment portal idbipaisabuilder.in with advanced features and tools for an easy and informed investing experience in Equities, Mutual Funds and IPOs. IDBI Home Finance Limited IDBI Homefinance Ltd. is 100% subsidiary of IDBI Bank Ltd. acquired the entire shareholding of Tata Finance Ltd. in Tata Homefinance Ltd. in September 2003. The name of the company was changed to IDBI Homefinance Ltd. Over the years, the company has taken steps to enhance its retail reach, strengthen brand image, improve asset quality, thereby achieving business growth. IDBI Intech Limited IDBI Intech Ltd. is a wholly owned subsidiary of IDBI Bank Ltd. IDBI has set up IDBI Intech Ltd. (INTECH) in March 2000 to tap the opportunities arising from the IT sector. INTECH capitalizes on the banking business knowledge acquired over the years supplemented with experience in Implementation Management of state-of-the-art IT Infrastructure, Technology applications and Systems for one of the largest universal bank in India and uniquely positions itself, in the Information Technology Service Provider Space, to offer the IT-related products and services to the IDBI Group companies and the other organizations, focusing mainly on the BFSI sector. INTECH operates in a multi-dimensional framework and provides IT related services in the area of Consultancy, System Integration, System implementation support, Applications Server hosting and other IT related managed services and specialized training. IDBI Gilts Ltd IDBI Gilts Ltd. was set up as a wholly owned subsidiary of IDBI Bank Ltd. to undertake Primary Dealership [PD] Business. In accordance with RBI guidelines, the PD business of IDBI Capital Market Services Ltd. [ICMS] has been de-linked and transferred to IDBI Gilts Ltd. The company was incorporated in December 2006 and became operational from July 24, 2007. The companys business ambit includes Bond trading, underwriting in auctions of primary issuance of Government dated securities and treasury bills. In addition, IDBI Gilts also plans to be a major player in the interest rate and credit derivative market. 2.8 Review of literature Customer satisfaction :- It is a marketplace. Every organization has customers of some kind. The organization provides products (goods and/or services) of some kind to its customers through the mechanism of a marketplace. The products the organization provides are subject to competition whether by similar products or by substitution products. The reason an organization is interested in the satisfaction of its customers is because customers purchase the organizations products. The organization is interested in retaining its existing customers and increasing the number of its customers. Customer satisfaction is an ambiguious and abstract concept and the actual manifestation of the state of satisfaction will vary from person to person. The state of satisfaction depends on a number of both psychological and physical variables. The level of satisfaction can also vary depending on other options the customer may have and other products against which the customer can compare the organizations products. Because satisfaction is basically a psychological state, it is a difficult thing to measure quantitatively. In other words, there are no units of satisfaction that have been defined. CHAPTER-III 3.1 Data collection 3.2 Data analysis Interpretation FACTS AND FINDINGS Sample Status (1) Distribution of Respondents in terms of age group: Age group No. of Respondents (f) No of Respondents (in %) 18-40 133 66.5 41-60 63 31.5 Above 60 4 2 (2) Distribution of Respondents in terms of sex: Sex No. of Respondents (f) No of Respondents (in %) Male 176 88 Female 24 12 (3) Distribution of Respondents in terms of occupation: Occupation No. of Respondents (f) No of Respondents (in %) Professionals 34 17 Businessmen 55 27.5 Servicemen 109 54.5 Housewives 2 1 Respondents responses regarding structured schedule that was asked from them is as follows: 1. Respondents came to know about IDBI Bank through: No. of Respondents'(f) No of Respondents (in %) A) Through Friends/relatives 34 17 B) Through existing customers 13 6.5 C) Through advertisement 12 6 D) Through Bank Employee/s 97 48.5 E) Just Walked in 44 22 This is clear from the above findings that 48.5% respondents came to know about IDBI Bank through Bank employee/s. 2. Respondents responses were as follows regarding awareness of following products and services of IDBI Bank No. of Respondents (f) No of Respondents (in %) Time Deposit (FD RD) A/c 18 9 Savings Bank A/c 136 69 Current A/c 40 20 Demat A/c 25 12.5 Internet Banking 78 39 Mobile Phone Banking 86 43 Phone Banking 89 44.5 Debit cum ATM Card 178 89 ATM Services 93 46.5 Insurance 7 3.5 Lockers 12 6 Electronic Fund Transfer 4 2 (EFT) Above findings shows that most of the respondents were aware of the Debit cum ATM card and another were aware of the Savings Bank A/c and some of the respondents in % is greater than 100% because of multiple responses of customers regarding products and services. 3. Respondents were having the following A/c with the Bank: No. of Respondents (f) No of Respondents (in %) A) Time Deposit (FD RD) A/c 8 4 B) Savings Bank A/c 116 58 C) Current A/c 46 23 D) Demat A/c 30 10 E) Any other 0 0 From the above chart, it is clear that 58% respondents were having savings bank a/c and 23% respondents were having current a/c with IDBI Bank. Here Demat A/c is Demat + Savings A/c 4. Respondents responses regarding influencing factor in opening a A/c were as follows: No. of Respondents (f) No of Respondents (in %) A) Goodwill of the Bank 28 14 B) Facilities provided by the Bank 144 71 C) Proximity of the Bank 9 5 D) Any other 19 10 This table shows that maximum no. of respondents i.e. 71% influenced from facilities provided by the bank in opening a A/c. 5. In order to find out satisfaction level of customers, question was asked to respondents and following responses were obtained : No. of Respondents (f) No of Respondents (in %) Satisfied Neither Dissatisfied Satisfied Neither Dissatisfi Satisfied satisfied ed Nor nor Dissatisfied dissatis fied A) Employees knowledge 136 46 18 68 23 9 B) Customer Services 139 48 13 69.5 24 6.5 C) Employees Behavior 127 44 29 63.5 22 14.5 D) Working hours 141 52 7 70.5 26 3.5 As table shows that 68% respondents were satisfied with employees knowledge, 69.5% were satisfied with customers services, 63.5% were satisfied with employees behavior and 70.5% were satisfied with working hours of the Bank. 6. Respondents responses regarding awareness of various bank loan scheme were as follows: No. of respondents (f) No. of Respondents (in %) A) Yes 112 56 B) No 88 44 This table shows that 56% of respondents were aware of the various bank loan schemes that will be provided by IDBI Bank, in near future and 44% were not aware about this. 7. When this question Have customer faced any problem was asked to customers than the Respondents responses were as follows: No. of respondents (f) No. of Respondents (in %) A) Yes 79 39.5 B) No 121 60.5 If yes then does their problem get attended by Bank staff: No. of respondents (f) No. of Respondents (in %) A) Yes 50 25 B) No 150 75 Above findings shows that 60.5% of respondents had not faced any problem regarding their a/c and the rest 39.5% of respondents, who had faced problem, get attended by Bank staff very well. 8. Respondents gave following responses regarding deficiencies in IDBI Bank No. of respondents (f) No. of Respondents (in %) A) Seating arrangement 116 58 B) Water facility 67 33.5 C) Display of time standards 6 3 D) Cleanliness of Branch premises 0 0 E) Suggestion Box for customers 11 5.5 Above table shows that 58% of respondents found deficiency of seating arrangement and other 33.5% respondents found deficiency of water facility of IDBI Bank. 9. Respondents responses regarding switching over to other bank were as follows: No. of respondents (f) No. of Respondents (in %) A) Yes 109 54 B) No 91 46 It is clear from the above table that 54% of respondents would shift to other bank, if they provide better services. 10. Respondents responses regarding referrals were as follows: No. of respondents (f) No. of Respondents (in %) A) Yes 158 79 B) No 42 21 If yes then why No. of respondents (f) No. of Respondents (in %) A) Facilities provided by the bank 112 58 B) Better customer services 57 26.5 C) Any other 0 0 D) Both responses 31 15.5 Above table shows that 79% of respondents had given referals because of facilities and better customer services provided by the bank 11. Respondents rated IDBI bank as follows: No. of respondents No. of Respondents (in %) A) Excellent 23 11.5 B) Very good 139 69.5 C) Average 38 19 D) Poor 0 0 Above table shows that 69.5% of respondents rated IDBI Bank very good and no one has rated this bank poor. ANALYSIS INTERPRETATIONS When this question How have customer come to know about IDBI Bank: was asked to the respondents, then the researcher found the responses by different type of respondents as follows: Occupation Through Friends/ relatives Through Existing Customer Through Advertisement Through Bank Employee Just Walked in Total Professionals 7 4 4 17 2 34 Businessmen 10 3 4 26 12 55 Servicemen 17 6 4 52 30 109 Housewives - - 2 - 2 Total 34 13 12 97 44 200 As per the respondents response, most of the 50% professionals, 47% businessmen, 48% servicemen 100% housewives became the customer of IDBI Bank through Bank employees. It shows that Bank employees have played major role in making new customers. Some of other respondents of the total sample became the customer through just walked in option because this branch is near to their home and became the customer through friends that means a satisfied cutomer is an advertisement itself to the Bank. When this question What type of A/c do customers have with this Branch: was asked to the respondents, then the researcher found the responses by different type of age group respondents as follows:- Age group Term Deposit A/c (FD RD) Savings Bank A/c Current A/c Demat A/c Any other Total 18-40 3 95 24 13 0 133 41-60 5 17 22 17 0 63 Above 60 0 4 0 0 0 4 Total 8 116 46 30 0 200 As per the respondents response. all the age group and maximum 18-40 age group persons i.e. 71.43% were having Savings bank A/c with this IDBI Bank. Branch Bikaner because people operate very frequently in this A/c to meet their day-to-day needs. When this question What influenced customer to open A/c in a Bank: was asked to the respondent, then the researcher found the responses as follows: Occupation Goodwill of the bank Facilities Provided by the bank Proximity of the bank Any other Total Professionals 05 24 2 3 34 Businessmen 10 39 - 6 55 Servicemen 12 80 7 10 109 Housewives 1 1 - - 2 Total 28 144 09 19 200 As per the respondents responses, 72% of the total respondents in which most of the professional, businessmen maximum servicemen influenced by facilities provided by the Bank. When the question related to deposit facility through ATM was asked to the respondents, then the researcher found the responses by different age group as follows:- Age group Yes No Total 18-40 101 32 133 41-60 41 22 63 Above 60 3 1 4 Total 145 55 200 As per the respondents response, all age group but specially age group of 18-40 i.e. 76% were aware of the deposit facility through ATM. When the question related to daily withdrawal limit of ATM of IDBI Bank was asked to the respondents, then the researcher found the responses by different types of respondents as follows:- Occupation Less than Rs. 10,000 Rs. 15,000 Rs. 25,000 Dont Know Total Professionals - - 28 06 34 Businessmen - - 42 13 55 Servicemen - - 106 03 109 Housewives - - 02 - 02 Total - - 178 22 200 As per the respondents response, most of the 82% professionals, 76% businessmen, 97% servicemen and 100% housewives were aware of the daily withdrawal limit of ATM of IDBI Bank. When the question What kind of deficiencies do customer find in this Bank: was asked to the respondents, then the researcher found the responses by different type of respondents as follows:- Occupation Seating Arrangement Water Facility Display of Time Standards Cleanliness of Branch Premises Suggestion Box for Customers Total Professionals 10 18 3 - 3 34 Businessmen 21 31 1 - 2 55 Servicemen 83 18 2 - 6 109 Housewives 2 - - - - 2 Total 116 67 6 - 11 200 As per the respondents response, 76% servicemen 100% housewives found the deficiency of seating arrangement for customers. 53% Professionals 56% businessmen found the deficiency of Water facility. So it should be taken care off. No one found the deficiency of Cleanliness of Branch Premises. Some of the respondents found the deficiency of Display of time standards and suggestion box for customers. It shows that they are concerned about Branchs internal environment. CHAPTER-IV 4.1 Suggestions 4.2 Conclusions Suggestions: In order to survive in this area of cutthroats competition, it is very important for an organization to give the best to its customers. After going through the study on this project, following suggestion is being forward to IDBI Bank, Bikaner Branch: 1. The reason behind opening a/c in IDBI Bank is facilities and better customer services. So Bank should provide more facilities and services, if it is feasible as compare to other private banks so that the customers will be more benefited. 2. As it is clear that level of awareness of customers is low, so the Bank employees should advertise about the products and schemes amongst the customers aggressively. 3. Progress chart and P L A/c of the Bank in Managers room as well as in the premises of Bank should be there so that customers of the bank can get knowledge about the financial positioning of the bank. 4. Bank should provide special product for senior citizens. 5. Adequate seating arrangement for valuable customers. 2. Suggestion from customer: Adequate seating arrangement for customer should be there Attend customer properly Need to improve customer care customer services Loan limit should be there Provide ATM card covers to the customer Arrange weekly or monthly meeting with the customer Employees behavior should be polite co-operative The account opening process should be easy Bank staff must have uniform Advertisement of the product should be in proper way Maximum branches of IDBI Bank should be open in proper way Accept the small denomination notes of Rs. 10 Rs. 20 Cash deposit limit should be increased Separate inquiry staff should be there Conclusions On the above basis survey, researcher can recommend that though the customers are satisfied with the services provided by IDBI Bank, there is a vast scope of improvement in the level of satisfaction. This can be taking care of suggestions given by different customers. It was also observed that though the Bank has launched various innovative products, the level of customers awareness about products services is very low. So, it is suggested that staff of the branches should be more proactive publicizing about their products. 1. Bank employee/s played a great role to influence the respondents in opening an a/c with IDBI Bank. 2. Debit cum ATM card and savings bank a/c but about other products services the level of customers awareness is very low. 3. It is concluded from the above research that most of the customers were having Saving Bank A/c with IDBI Bank. 4. From the research, researcher found that facilities provided by the Bank was the prominent influencing factor in opening an a/c. 5. Through the survey the researcher came to the result that most of the respondents were satisfied with the Employees knowledge, customer services, Employees behavior and working hours. 6. Researcher found that most of the customers were aware of the deposit facility through ATM and daily withdrawal limit of ATM of this Bank. 7. Researcher found that most of the customers were aware of this Bank. 8. From the research, researcher found that most of the respondents were aware of loan schemes provided by IDBI Bank, Branch Bikaner in near future, will provide that. 9. Through the survey the researcher came to the result that most of the respondents did not face any problem regarding their account. 10. Researcher found that there was a deficiency of seating arrangement for customers in Bikaner Branch premises and other deficiency was water facility. 11. From the research, researcher found that most of the customers of IDBI Bank would shift to other bank, if they provide better services. 12. Researcher found that respondents have given referrals because of facilities and customer services provided by the Bank. 13. Through the survey the researcher came to the result that most of the respondents rated IDBI Bank very good. CHAPTER-V Limitations of the study:- Lack of Banking knowledge Since the results have been drawn on the basis of the information provided by the respondent changes of responses error might be there. The time provided for the collection of data was a major constraint and increased size could give better result. Survey was restricted to New Delhi only, so it is very difficult to generalize. CHAPTER-VI NameOccupation.. Age.. Account No Address 1 How have you come to know about IDBI Bank ? (A) Through friends / relatives (B) Through existing customers (C) Through advertisement (D) Through a bank employee (E) Just walked in 2 Are you aware of the following products and services offered by this bank (Please tick) Time deposits(FD RD Account) Saving bank account Current account Demat account Internet banking Mobile phone banking Phone banking Debit cum ATM card ATM services Insurance Lockers Electronic fund transfer (EFT) 3 What type of account do you have with this bank ? (A) Time deposits (FD RD A/c) (B) Saving bank account (C) Current account (D) Demat account (E) Any other . 4 What influenced you to open an account in this bank ? (A) Goodwill of the bank (B) Facilities provided by the bank (C) Proximity to the bank (D) Any other. 5 Are you satisfied with the following: (Please tick one column for each of the following) Satisfied Neither satisfied nor dissatisfied Dissatisfied (A)Employees knowledge 1 2 3 (B) Customer services 1 2 3 (C) Employees behavior 1 2 3 (D) Working hours 1 2 3 6 Are you aware of the deposit facility through ATM of this bank ? (A) Yes (B) No 7 What is the daily withdrawal limit of ATM that is provided by this bank ? (A) Less than Rs.10,000 (B) Rs. 15,000 (C) Rs. 25,000 (D) Dont know 8 Are you aware of the various loan schemes that will be provided by IDBI bank, Bikaner in near future? (A) Yes (B) No 9 Have you ever faced any problem in this bank? (A) Yes (B) No If yes, was your problem attended by the bank staff? (A) Yes (B) No 10 What kind of deficiencies do you find in this bank ? (A) Seating facility for waiting customers (B) Water facility (C) Inadequate display of working hours (D) Cleanliness of branch premises (D) Suggestion box for customers 11 Would you shift to another bank, if they provide better services? (A) Yes (B) No 12 Would you suggest anyone to open an account in this bank? (A) Yes (B) No If yes, then why? (A) Facilities provided by the bank (B) Better customer services (C) If any other (Please specify). If no then why ? 13 How will you rate IDBI Bank (A) Excellent (B) Very good (C) Average (D) Poor 14 Please give your valuable suggestions : Signature CHAPTER-VII 1. kothari, C.R., Research methodology, new age international publishers. 2. Help from internet @ www.idbibank.com @ www.google.com 5

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Conflict Among Ethnic Groups free essay sample

Running head: Ethnic Group Conflict: North and South Korea Anne Solomon Diversity and Cultural Factors in Psychology/PSY450 Professor Iman Turner July 31, 2011 Ethnic Group Conflict: North and South Korea North Korea and South Korea have been at odds with each other for generations now. This has affected how each culture has developed from the other. North Korea is a strict communist regime, whereas South Korea is a republic. Conformity is different for each individual culture as well as social perception and cognition. What is considered conformity in one country may not be considered conformity in the other. However, in recent years there has been an attempt to reconcile the differences in the two domains. Leaders have met and tried to find ways to reconcile the tension between the two regions. The United States has intervened and as long as the communication remains open there may be some hope for some type of agreement. Furthermore, there are social perceptions that would need to be addressed before the conflict between the two groups is resolved. The similarities between the two countries may seem obvious. They share the same geographical regions, and as far as climate and population are concerned, they are about the same. The similarities end there however with North Korea is a communist country and South Korea is a republic. North Korea has strict rules and guidelines that must be followed and adhered to, while South Korea is not as strict. In North Korea, religion is strictly regulated, while in South Korea one can choose his or her religion. North Korea has very limited contact with the outside world through media outlets. What the people of North Korea see and hear is strictly controlled by the government. Until the end of World War II, Korea was a unified nation under the control of Japan. When the Japanese surrendered at the end of the war, Korea was divided into two separate countries, which was divided by the 38th parallel. The Soviet Union had control over the north, while the United States had control over the south. North Korea became a communist country, while South Korea became a republic. North Korea also established a â€Å"closed door policy† that severely limits contact with the outside world, (Lee, 2001). The concept of conformity is â€Å"the act of matching beliefs, attitudes, and behaviors to what individuals perceive is normal of their society and social group† (Kelman, 1958, p. 54). Because North Korea and South Korea are ruled by two totally different regimes, it is quite possible for one to perceive what may be normal for one may be thought of as different to the other. North Korea has a strict communist regime that uses its power to control and keep its citizens in line. South Korea is a republic which allows its citizens to have some say in their government. While outsiders may consider the laws and rules of North Korea very harsh, it is what the people are used to and what their beliefs are. Each country conforms to its values and believes that their attitudes and behaviors are normal. Social perception is â€Å"the perceiving of attributes, characteristics, and behaviors of one’s associates or social groups† (Kelman, 1958, P. 55). Social cognition is the study of how people process social information, especially the encoding, storage retrieval and applications to social situations. While it may be easy to study social perceptions and cognition in South Korea, it is harder to do so in North Korea. One must realize that North Korea is a much closed country and does not react well to visitors. However, one can attempt to explain it better by comparing it to what is known about other communist countries. Social cognition is basically the way people learn about and respond to social settings. When one is associated with a particular group, one begins to assimilate or adapt to the rules and the regulations of that particular group. In the case of South Korea, there are many groups to choose from. For instance, religion is not regulated in South Korea. A person joins a religion and adapts to the teachings and the ways of the religion. In North Korea, however; religion is severely restricted; one may say that the â€Å"religion† of North Korea is in actuality the communist teachings and ways which involves politics. Social cognition is learning and understanding how people adapt to the social situations that they are in. How one learns to, and conforms to the particular social group that they are in. In effect, how one learns to socialize, and also store the information in order to retrieve it if the situation arises again. If North and South Korea were to merge into one unified Korea, there would be many social perceptions that would need to be worked through. For example, in regards to religion it would be hard to help the North Koreans realize that their religion is probably propaganda meant to keep them in-line. For many years they have been taught that their ruler is their â€Å"father† and must be revered as a type of deity. They have not been allowed to explore other options concerning religion, and it would be very hard to explain that there is a choice. This can very much sum it up for everything that North Korea does. Their whole lives are centered on their ruler and what he tells them to do. They are not supposed to have any type of free will or thinking at all. In order for all of Korea to be restored there would need to have people available to help the North Koreans begin to think for themselves. There also would be a need for a period of change for both sides, and there would need to be much assistance for all Korea to be unified once again. Conformity is a very different thing in North and South Korea. In North Korea conformity is about being one unified group that acts and thinks the same, depending on what the government tells them. In South Korea, there are many different social groups that one can choose to belong to or not. Social perception and social cognition are very different in each country. Perception and cognition are closely regulated in North Korea, and more lenient in South Korea. For the two countries to become one unified nation, there would almost need to be a deprogramming in North Korea in order for the population to begin to think and act on its own again. Conformity should not be giving up of one’s internal values and beliefs but deciding to adhere to the majority of the community for the good of the community. Conclusion In conclusion, most cultures act within the natural conformity of its people. Korea is no different from any other ethnic group going through conflicts. One believes that he or she is right and the other is wrong. Usually it concerns power and boundaries and so whether it is a matter of right or wrong; better or worst conflict will always exist. One may hope that groups that live among coexisting boundaries may find a happy medium where he or she may live at peace. Furthermore, there have been efforts from both North Korean and South Korean leaders to attempt some type of common ground. This may prove to be a step in the right direction. However, North Korea is so rigid and controlling in the people’s view that it would take decades to try and reverse or teach conformity to South Korea. Sometimes it is maybe best to leave alone. Cross-cultural psychologists faced with the dilemma of who is right and who is wrong in this culture would prove to be a farce or failure nonetheless. References Kelman, H. (1958). Compliance, identification, and internalization: Three processes of attitude Change. Journal of Conflict Resolution (1)51-60. Lee, H. (2001) North Korea: A Strange Socialist Fortress. Greenwood Publishing Group. Politcal Conditions (2011). North Korea Country Review, 10-45. Retrieved from EBSCOhost July 26, 2011. (Shiraev E B Levy D A 2010 Cross-cultural psychology: Crtitcal thinking and contemporary applications)Shiraev, E. B. , Levy , D. A. (2010). Cross-cultural psychology: Critical thinking and contemporary applications (4th ed. ). Boston: McGraw Hill.