Telekom Malaysia Berhad or can be called as TM is one of the Asia’s leading communication company. TM also provide the largest integrated solutions in Malaysia. It has a market capitalisation and workforce of RM13.9 billion and 26,629 employees respectively. Telekom Malaysia Berhad was once named as Telecommunications Department of Malaya in 1946 when it was established. In 1987, it was privatised and in 1990 it was listed on Bursa Malaysia.
• Encourage trust and participation among workers on your team.The connections of workers may easily encourage a team to build up and it’s a vital part of the organization itself. Here colleagues should cooperate each other. • Encourage members to share data. Highlight the significance of every colleague 's commitment and exhibit how the greater part of their role contributes to fulfilling the group objective. • Assign critical thinking Tasks to the team.
5.0 THE EMERGENCE OF ISLAMIC FINANCE AND BANKING IN MALAYSIA (80S) Islamic banking emerged in the 1980s was a Bank Islam. Islamic Bank is the first Islamic bank established in Malaysia. Bank Islam Malaysia Berhad was established on 1 July 1983 under Companies Act 1965. Since establishment, it has become a symbol of Islamic banking in Malaysia and its vision of a "Global Leader in Islamic banking" describes the Bank's status as a leader in the financial services industry in the country ("industry"). The existence of Islamic Banking Act 1983 (IBA), which came into force on 7 April 1983 is the legal basis for the existence of the first Islamic bank in Malaysia.
2.0 Internal Forces 2.1 Company Profile CIMB Group Holdings Berhad is a leading ASEAN universal bank and one of the region’s foremost corporate advisors. The Group is headquartered in Kuala Lumpur, Malaysia and has been listed on the Bursa Malaysia since 1987. It is one of the largest investment banks in Asia and one of the largest Islamic banks in the world which lead CIMB Group as the fifth largest banking group in ASEAN. Currently, CIMB has around 39,000 staff in 16 countries and over 12 million customers. CIMB Investment Bank acts as market leader conventional and Islamic financial advisor for a customized of banking solutions to their customers.
CIMB ranked 2nd largest banking group in Malaysia with RM154billion in assets, RM94billion in customer deposits and RM98billion in loans. Besides, CIMB enlarged its branch network with approximately 383 branches nationwide after merger. After merger, CIMB will have a stronger presence in consumer banking for example strong credit card and better business banking, improves risk profile and diversifies earnings stream. In terms of market leadership, CIMB ranked number one investment banking franchise in Malaysia and number one asset manager in Malaysia with total AUM of about RM18 billion. CIMB provide significant market leadership for credit card, sub-prime lending, auto finance, etc.
On 6 January 1973, it renamed Bank Kerjasama Rakyat Malaysia (M) Berhad. Bank Rakyat was placed under the supervision of Bank Negara Malaysia (Central Bank Malaysia) under the Development and cooperative Development on 15 February 2002. While, in 2002 Bank Rakyat became the third bank in Malaysia that offer total Islamic banking facilities based on Shariah concepts. To date, Bank Rakyat has total of 146 branches in Malaysia, 17 branches of Rakyat Xcess/ X’Change, 33 branches of Ar-Rahnu X’change that offering Islamic banking product to its customer. On September 2014, Bank Rakyat celebrated their 60th
According to Muhamad Muda (1996), the history of Malaysian banking development dates back to more than 130 years ago when the first commercial bank which is the Chartered Mercantile Bank of India, London and China was established in 1859. In July 1913, Kwong Yik (Selangor) Banking Corporation was the first domestic bank in Malaysia. Commercial Bank, finance companies and merchant banks is the early financial structure of Malaysia. On 24 January 1959, the Central Bank which is Bank Negara Malaysia was established under the Central Bank of Malaya Ordinance, 1958 and Bank Negara
PART I: GROUP EFFORT Introduction The bank that we choose is CIMB bank, the second largest bank at commercial bank nationwide in Malaysia. CIMB bank’s roots can be traced back nearly 90s, from a small commercial bank turn into a regional banking powerhouse in Malaysia and also a bank that leads in the ASEAN universal banking groups. The total assets of CIMB bank now is RM506.2 billion, the total shareholder’s funds is RM46.8 billion, the total funds under management is RM75.9 billion, the staff strength around 39,000 and global markets is 15. Therefore, the mission of the CIMB bank is to lead to ASEAN companies and the vision is provide universal banking service such as high performing, institutionalized and integrated company that located
Axis Bank, the third largest private sector lender in India, acquired the equities and investment banking businesses of financial services firm Enam Securities Pvt Ltd in an all-stock deal valued at Rs 1396 Crore in October 2012. Enam’s asset management company and insurance broking unit were however not part of the deal. The deal was to create one of the India’s leading financial services company combining investment banking and equities franchise of Enam Securities with the dominant debt capital markets and commercial banking franchise of Axis Bank. THE DEAL Date of announcement: 19th October, 2012 Valuation: ₹ 1396 Crore Payment: All stock deal. o Enam shareholders will receive Axis Bank shares in the ratio of 5 shares for every 1