A Study on Marketing Strategy of Banking Industry in India-Allahabad Bank

The Oldest Joint Stock Bank of the Country, Allahabad Bank was founded in April 24th of the year 1865 at the confluence city of Allahabad by a group of Europeans. At that occasion Organized Industry, Trade and Banking started taking shape in India. Thus, the History of the Bank spread over three Centuries – namely Nineteenth, Twentieth and Twenty-First. As a leading public sector commercial banks in India, Allahabad Bank offering banking products and services to corporate and commercial customers and retail customers. The Bank particularly focuses on the retail banking while serving all sectors of the Indian economy. Bank’s operations for corporate and commercial customers cater to large corporate customers as well as to small and middle market businesses and Government entities. Corporate and commercial products include Term Loans, Bill Discounting, Export Credit and other business credit and financing products. Also the bank offers a wide range of retail products including Home Loans, Personal Loans and Automobile Loans as well as Debit Cards. In addition, specialised products and services to the agricultural sector also one of entity of the bank. All the above products and services of the bank offered through extensive branch network, extension counters, ATMs, phone banking and the Internet. This article will be helpful in writing Project Report on Marketing.In Twentieth Century, The Bank became a part of P & O Banking Corporation’s group with a bid price of Rs.436 per share in 1920. The Head Office of the Bank was shifted to Calcutta on business considerations during the year of 1923. The Bank crossed its century year in 1965. In July 19th of the year 1969, Allahabad Bank was nationalized (with 151Branches – Rs.119 crores of Deposits and Rs.82 crores of Advances) along with 13 other banks. United Industrial Bank Ltd was merged with the bank in October of the year1989. The Bank made a foray into merchant banking activity in 1984 and subsequently instituted AllBank Finance Ltd as a wholly owned subsidiary for Merchant Banking in the year of 1991. The Official Language Implementation Committee of Calcutta awarded the Rajbhasha Shield to the Bank as Second Prize for its best performance for the year 1991. During the year 1995, The Bank had entered into an MOU with the Small Industries Development Bank of India (SIDBI) for financing small-scale industrial units. In 1996, The Bank had set up Information Technology Centre to provide in-depth computer training to Officers at Calcutta and Lucknow. Consequent to the SEBI Rules and Regulation the company surrendered its merchant banking registration in 1998 and got it registered as a Non Banking Financial Company (NBFC) with Reserve Bank of India (RBI). In the same year of 1998, the bank had received permission from the RBI for gold trading. Allahabad Bank has entered into an arrangement, informally though, with IDBI and ICICI in regard to funding of infrastructure projects. During the year 1999, Allahabad Bank has launched two new schemes to increase the pace of credit off take and in the same period TATA Consultancy Services (TCS) has entered into a contract with Bank for implementing the Integrated Standard Banking System (ISBS), a branch mechanisation package at 60 branches. The Bank bagged three major core sector clients, namely the National Thermal Power Corporation (NTPC), Power Grid Corporation and Indian Railway Finance Corporation Ltd (IRFC). This report shows that Allahabad Bank has performed well which is reflected in its Ratio Analysis Reports In Twenty-First Century, Allahabad Bank has launched its new personal loan scheme for pensioners in the year of 2001. As at October of the year 2002, the bank came out with Initial Public Offer (IPO) of 10 crores share of face value Rs.10 each, reducing Government shareholding to 71.16% and in the same year 2002, Allahabad has tied up with National Institute of Banking Management, Crisil and Earnst & Young for development of HRM, risk Management and general business strategy. The Bank has seized the commercial assets of the Guarantors of Ramolene Fabrics (P) Ltd in 2003 at Mumbai and signed a Memorandum of Understanding (MoU) with Corporation Bank for mutual sharing of their ATM Network. The Bank has entered into an MOU in the year of 2004 with the Export Credit Guarantee Corporation of India (ECGC) for distribution of their products to the exporters. UTI Mutual Fund and Allahabad Bank on April 5, 2004 announced a strategic tie-up for distribution of UTI MF schemes. During April of the year 2005, the bank made Follow on Public Offer (FPO) of 10 crores equity shares of face value Rs.10 each with a premium of Rs.72, reducing Government shareholding to 55.23%. The Bank has signed MoU with Mahindra Gujarat Tractor Ltd in the identical year 2005 for financing Hindustan brand tractor under special finance scheme. Allahabad Bank transcended beyond the National Boundary, Allahabad bank had opened a representative office at Shenzen, China in June 2006. In October of the same year 2006, the bank rolled out its first branch under Core Banking Services (CBS). During February of the year 2007, The Bank opened its first overseas branch at Hong Kong. During the calendar year of 2007, 100 more branches opened throughout the country, the total number of branches were stirred from 2042 to 2142 of which rural are 983 (46%), semi-urban 402 (19%), urban 450 (21%) and metropolitan 307 (14%). There is no doubt that reading Banking Industry Reports is essential for knowing the history of a bank. Allahabad Bank has opened its 2154th branch in at Pudukkottai, Tamil Nadu during March of the year 2008. The Bank has 211 ATM’s and Card members can now have access at over 16500 ATM’s all across the country under National Financial Switch. One of the premier nationalised banks of the country, Allahabad Bank has commenced the process of implementing the Agricultural Debt Waiver and Debt Relief Scheme-2008 in June of the year 2008. The Bank has improved its performance and established its visibility and strong presence in the market. The Bank is steadily moving at a faster pace to consolidate its position in the coming days introducing extensive computerization to ensure the state-of-the-art service comfort for its customers. The Bank has already in hand 116 authorizations for opening of new branches. Bank’s plan is to expand in areas where the Bank’s presence is not very much visible now and where business potentiality is good.

Nagpur A Lucrative Property Investment Destination

Nagpur, famous for its oranges, has successfully emerged as the hub of real estate. The success can be attributed to the over all commercial and residential development of the city. Nagpur, only a milestone behind Mumbai, has attracted and established medium to heavy industry, IT , ITeS and BPO sector to the city. The city has a load of advantages in its favour. Nagpur is one of the most central cities, with abundance of affordable land and labour, which works out in favour of most companies to set up a unit in the city.
In the past 5 years, IT, ITeS and the BPO sector have made inroads in to the city with companies like Satyam, Hexaware, TCS, and WIPRO setting up their facilities in the city. Besides, the Special Economic Zone will host companies in various sectors in the state. One of the most pronounced investments in the city includes that of Boeings USD 100 million maintenance, repair and overhaul base for Asia. This project will lead to a number of job opportunities, talent movement to the state and thus residential development around the site of the project.
The Airport
One of the most talked about projects, the Airport, is the largest economic development project underway in India. The project brought along industry and real estate interest to the city. The projects attempt to make Nagpur, one of the most central locations in India into a cargo hub with the development of the Cargo airport. The project integrates road and rail connectivity. Project consists of two parts namely International airport to act as a cargo hub and a Special Economic Zone with residential zone covering a total area of 40.25 sq. km on the southern end of Nagpur. Spread over 3310 hectares, the MIHAN project will utilize 1200 hectares exclusively for the airport. Since the launch of the project in 2006 there has been extensive commercial and residential development in the city. This also led to a surge in prices in the real estate in the city.
Residential Property in Nagpur
Once a dormant city, Nagpur has made good progress with Malls sprawling up and city coming alive, day and night. Dhantoli, Wardha, Marathahalli, Shankar Nagar and Amravati Road, Manish Nagar have seen extensive residential development and command good rates. The city has not only seen development in the city areas but has also expanded in the north, east and west.
The city has seen massive push in prices owing to the rising demand. Civil Lines remains the citys premium residential neighbourhood, fetching highest rates
Not only that, the city is seeing development integrated townships. as there is abundance of supply there are builders booking large pieces of land. Satyam Group and Sahara Group have shown interest in developing such projects, while DLF has undertaken to develop the SEZ Park in the city and aims at generating over 50000 jobs in the city.

Some of the local builders that have undertaken residential projects include Hindustan Builders, Nikunj Builders (P) Ltd, Roshni Developers and Shewalkar Developers Ltd.
Commercial development in Nagpur
Sky rocketing prices in the commercial real estate sector is the talk of the town in the city. Some of the most intriguing deals at the highest prices include the sale of land by The Maharashtra Airport Development Company (MADC) at Rs. 80 lakh an acre. Within the city the prices are even higher. Even at this price the demand has been steadily moving up with absorption around 50-60%. The logistics park has attracted investment may times over the original investment.
8 million sqft of space in Nagpur is covered with shopping malls. Matching the needs of the residential development and increasing need for sophisticated shopping formats, WHC Road, Itwari and Dharampeth have seen high class retail development. Also, the citys shopping needs are met by markets in Sitabuldi, Sadar, Central Avenue, and Gandhi Baug. There are also another 6-8 shopping malls planned in the city to come up in the by the end of this financial year. These are expected to be located in Grain market in Wardhman Nagar, Jaripatka, Netaji Market and Water Works Department in Sitabuldi, Gokulpeth Market and Pachpoli Flyover near Kamal Square.
Investors in the city

NRIs have shown a special interest in the city, as it is one of the most lucrative tier II city in India. Also, a lot of people who moved out of city to the metros can now plan and move back to the city. This category looks at real estate with high interest.

How to invest

It is easy to find out about the city through the internet. One of the easiest ways is to log onto any site and find about the builders and brokers in the city and contact them through the site. As currently the supply is good, once the first steps are taken finalizing the property will not be much of a hassle.

Nagpur is in its most attractive phases right now and will continue to be the hotspot for coming few years.

Why Is Alternative Medicine A Rewarding Career Option

With the ever-increasing cost and undesirable side effects of the conventional Western method of medicine, we have witnessed a constantly increasing interest in alternative medicine system. While there is an alternative medicine school in almost every part of the world now, aspiring alternative medicine practitioners are still doubtful about this as a prospective career option. However, contrary to the standard notion, alternative medicine actually has much scope now as an effective career. The speed at which each new alternative medicine school is opening now is itself an indication of the future scope of this career.

The career you take up will depend on the level of education you obtained from your alternative medicine school. If you are business minded, you may get into selling herbal remedies, dietary supplements, and various other holistic products. If you belong to an agricultural background, you may get involved in cultivation of herbs. You will definitely have a never failing career as a massage therapist, as so many spas and gyms that are sprouting everywhere need the same. Even standard acupuncture clinics and Ayurveda centers are more interested in people who are licensed practitioners from some alternative medicine school rather than those with knowledge only and no degree.

If you take up alternative medicine as a career option, not only will your career be very financially rewarding, but your cost of education from an alternative medicine school will be very minimal as well. An alternative medicine schools gives you the provision of distance learning, whereby you can obtain your degree online, studying and researching in your own surroundings. This is particularly beneficial for students who want to study from a different country. You will not have to attend regular classes at an alternative medicine school, you can obtain your degree online wherever you are, and your graduation will be very speedy as well.

One country where alternative medicine has become a very flourishing and promising career option is India. India is the land where many traditional alternative medicine therapies like Ayurveda, Unani, and Yoga originated. Even today, most rural areas in India have alternative medicine in the form of traditional knowledge as the only form of treatment in their areas. In a developing country like India, where so many alternative medicine therapies have been practiced for years, this career is of enormous scope for it is not only very cost effective but also has no harmful side effects.

There are abundant alternative medicine schools in India offering degrees and diplomas in many alternative medicine courses. Students qualified from alternative medicine schools in India are getting employment in treatment centers, hospitals, training centers, resorts, spas and so on. And with the introduction of distance learning, many foreign students who acquire degrees online from the alternative medicine schools in India, are also being able to get various job opportunities in their respective countries.

Animation Career & Top Animation Institutes In India

Animation in India has emerged as one of the most promising career options. One can make out the same from the wide-ranging Television Programs, cartoons, advertisements, animated movies, and computer games that are created to cater to varied entertainment requirements. Today, a large number of government and private animation studios & production houses can be seen mushrooming around and proving immense career opportunities in the field of Animation. So, what are the career opportunities in Animation and from where one can get specialization in it? Continue reading to find out the answer.

Career Opportunities In Animation:

Indeed, an artistic mind can do wonders and world eventually recognizes it. The same holds true for an animator who has a vast number of career opportunities to explore. Below-mentioned are some of the jobs that one can get as animator:

Modeler

Story Broad Artist

Character animator

Background artist

Layout artist

2D animator

Scanner operator

Compositing artist

Special effects artist

Audio & video specialist

Texture artist

Rigging artist

Clean-up artist

Lighting artist

Editor

Key frame animator

Rendering artist

3D animator

Compositor

Top Animation Institutes In India Are As Follows:

To kick start your career in the field of animation, first get specialization as animator from any of the leading institutes mentioned below:

Arena Multimedia

National Institute of Information Technology (NIIT)

Tekno Point Multimedia

Picasso Animation

Maya Academy Of Advanced Cinematics (MAAC)

Whistling Woods International

MasscoMedia, Noida

Zee Institute Of Creative Arts (ZICA)

The Toonz-Webel Academy

The JJ School Of Arts

Hearts Animation Academy

Global School of Animation

Apeejay Institute of Design, South Delhi

Escotoonz Animation

Institute Of Multimedia Arts & Graphic Effects (Image) Bangalore, India

Dhiyoh International School of Design (DISD), Pune, India

Get admission in the leading Animation Institute, if you want to have bright Animation Career. Well, there are several ways that you can choose to find information about the Top Animation Institutes in India, but to get right and complete information, choose to contact SabkaCareer. It is one of the widely known names as Online Education Portal. The professionals at SabkaCareer are there to guide you about the top most Animation Institutes in India as well as will help you to understand the scope for Career in Animation. Visit and know in detail about the right Course, College, Tutors, Scholarships, Trainers, etc.