The capital market sector started its operation in November in 1994 and derivative segment commenced in June 2000. Nifty is an index of NSE, it measures stock, there are 50 stocks are listed with national stock exchanges popularly we can call it as Nifty-50. Its capitalization was 1.65 trillion in U.S dollar. And also one of the 12th largest stock exchange thought the
22.8% of shares in HDFC Bank. HDFC Bank sources home loans for HDFC for a fee. The key business areas of HDFC bank are wholesale and retail banking and treasury operations. On 31 March 2013, its market capitalisation was INR 1.5 trillion (US$ 27.31 billion), making it India's seventh largest publicly traded company. HDFC holds approx.
JP Morgan Chase & Co. founded by J. Pierpont Morgan, is the oldest and the largest financial service firm having operations in more than 100 countries around the globe. Its origin date back to 1854 when Junius S. Morgan joined a London based banking business headed by George Peabody. Junius took control of this firm and later changed its name to J.S. Morgan & Co. in 1864 after George Peabody retired. Later he found his own company in partnership with his cousin, J. Pierpont Morgan & Co.
A. Profile of the Company The bank, “The Kumbakonam Bank Limited” as it was then called, was incorporated as a limited company on 31st October, 1904. The first Memorandum of Association was signed by twenty devoted and prominent citizens of Kumbakonam including Sarvashri R. Santhanam Iyer, S.Krishna Iyer, V.KrishnaswamiIyengar and T.S.Raghavachariar. T.S.Raghavachariar was the First Agent of the Bank. In 1908, he was succeeded by Shri R. Santhanam Iyer who became the Secretary of the bank under the amended Articles of Association which created the office of a Secretary to be in charge of the Bank 's Management in the place of the Agent, which post he held till his death in 1926.
1. About State Bank of India State Bank of India (SBI) is an Indian and also multinational, public sector banking company in the BSFI sector. State Bank of India is India’s largest bank and a Fortune 500 company. It ranked 23rd in the Fortune Global 500 corporations as of 2016. State Bank of India has Rs.26 trillion business size and also has a wide network of 15,800 branches spread across India.
With the customer base of 83.05 million as of june 2015. • BSNL Bharat Sanchar Nigam Limited is one of the leading telecommunication companies in India which was funded on 1st October 2000 by the government. The headquarter of BSNL is in New Delhi. BSNL is the oldest telecommunication service provider in India. It is the largest land line telephone provider with 60% market share and the sixth largest mobile service provider and it has 93.29 million customers as of June 2015.
Introduction of Reserve Bank of India : The Reserve Bank of India (RBI) is India 's central banking institution, which controls the monetary policy of the Indian rupee. It commenced its operations on 1 April 1935 during the British Rule in accordance with the provisions of the Reserve Bank of India Act, 1934. The original share capital was divided into shares of 100 each fully paid, which were initially owned entirely by private shareholders. Following India 's independence on 15 August 1947, the RBI was nationalised on 1 January 1949. The RBI plays an important part in the Development Strategy of the Government of India.
There were only 8 banks during 1870 with total deposit of Rs 1263 lakhs, but this has increased to 20 in 1900 with a deposit amount of Rs 3427 lakhs. India witnessed the emergence of a number of joint stock banks during 1906 to 1913. By 1920, there were 76 banks with a total deposit of Rs 23458 lakh. The major banks include the people’s bank of India Ltd, The Bank of India Ltd, The Central Bank of India Ltd, the Bank of Baroda etc. in 1947, the number has hiked to 656 with Rs.
Especially employment created by banking and insurance sector every year runs in millions with upgraded availability of credit, the Indian economy during past two decades has achieved to march towards higher economic growth. Modifications within banking sector during post liberalisation era have especially proven to be prudent for credit distribution in the country. The beginning of private sector banks in specific opened a new section for Indian economy. The massive success of private sector banks helped large corporate flooring the way for united growth in industrial sector including
CHAPTER 2 INDUSTRY AND COMPANY PROFILE • INDUSTRY PROFILE • COMPANY PROFILE • VISION AND MISSION • QUALITY POLICY • PRODUCTS / SERVICES PROFILE • AREAS OF OPERATION • INFRASTRUCTURE FACILITIES • COMPETITORS INFORMATION • SWOT ANALYSIS • FUTURE GROWTH AND PROSPECTS INDUSTRY PROFILE IN the earlier period India’s banking system has some outstanding achievements to its credit. Indian banking system has reached even to the distant of the country. Indian bank since 1969 has paid rich dividends with the Nationaliosation of 14 major private bank of India. PHASE I: in the year 1786 The General Bank of India was set up. And Next came Bank of Hindustan and Bengal Bank.