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.

Choose Korean Fashion Clothing – Buy Cheap Clothes Online

Wearing good clothes make us feel good. Clothes that fit well make us feel good about ourselves therefore; buying clothes is something that most people like to do. Unfortunately, to afford the clothes that you require can be difficult to afford, as clothing is not very cheap, let alone the clothes that you desire. You want and need clothes that make you feel and look good, whether for work or play. You also need to buy cheap clothes online to help build your wardrobe. you no more have to leave home to do the shopping for Korean fashion clothing as the Internet has made buying clothes easier than ever before, so it is a little hard to believe that you can get clothes cheaper online!

There is no doubt that you can buy cheap clothes online in many places. You would be surprised to find that most of the big department stores and popular designers always have heavily discounted items available online. All of your basic Korean fashion clothing can be found a lot of the time and you can pick items for special occasions that will make you stand out in a crowd. If you are willing to shop online and wait for them to arrive at your door for a few days then you can get clothes at a discount online.

Auction sites are another place where you can buy cheap clothes online. Although it is incredibly easy to use but studies have shown that shopping without using auction sites are several times convenient as very easy. Ranging from things that are brand new and cheap, you can find a broad assortment of cheap clothing online. No one has to know that you bought your clothes online for a real bargain and the best thing is that you can find reputed brands as well as the most popular fashion trends while shopping for Korean fashion clothing online.

To buy cheap clothes online, many online catalogs offer discounts. You can pick up some great items for the whole family, although these catalogs may be hit or miss. The clothes can definitely help you build your wardrobe; these clothes are durable and beautiful. For home and your office, you can have a wide assortment of things to wear. Through online catalogs, some of the most beautiful pieces of Korean fashion clothing can be found for a real steal and the best part is no one will ever know about that. From online shops, you can even buy accessories, shoes, jewelry and many more items at bargain prices. Unlike physical shopping, where you have to walk to every store, online shopping is possible with just few clicks of buttons.

You get to have more clothes for less and therefore it makes sense if you buy cheap clothes online. You can expect the same quality every time when you buy Korean fashion clothing online. So why look elsewhere, start online shopping right away – Save money, look great.

Choosing Great Painting Business Names

A good business name is necessary to help you to build a strong brand and market your services successfully. A strong brand will give your business an identity in the market place, help you to make a good first impression on people and help to build a positive reputation among customers in the long run.

Below we have set out a number of tips and ideas for you to consider as you proceed to think suitable painting company names.

Don’t Limit Future Opportunities

Effective business names give potential customers a clear message about what products or services a company offers. This is one sensible approach but it is important not to pigeon hole your business too much as you may want to change direction, sell the business or introduce new services at a later date. Your name should indicate what you do while still being general enough to offer flexibility.

By all means include the word ‘painting’ in your name, but don’t be too specific about the market that you are targeting or the exact services that you offer. If you feel that you will branch out into other areas in the future then the word ‘contractor’ may be more suitable.

You should also think twice before including the owners name in the business name. This can offer a nice personal touch and give customers the impression that they are dealing with somebody who has a good reputation. However, this approach can make it hard for you to sell your business if you want to do so at some point in the future.

Including the name of the area or region where you are doing business is also an option that usually works well. However, if you ever want to offer services outside of this zone then such a name can become irrelevant or confusing.

Memorable and Unique

A great name for a business is one that can be easily remembered. People should be able to recall it after hearing it only once or twice and they should be able to pronounce it correctly. Once you have a short list you can run some tests on family and friends. See which ones they were able to hear clearly over the phone and which ones they were able to remember a week later. If you can think of a name that will stick in peoples minds then you will really have their attention.

A great name should be unique and professional at the same time. If you look in The Yellow Pages or online you will find plenty of clever, catchy and creative painting business names. While names that are funny can sometimes get more attention, you may find that some sectors of the market don’t relate to them, misunderstand them or even find them offensive. The best choice is often to go with a more conservative sounding name. This will come across as being much more professional and appeal to a wider market.

Originality and Usage Rights

While you can look to other industries for inspiration, dont imitate the names of other local businesses too closely or you will risk confusing consumers. You need something that is truly original if you want your business to stand out.

Make sure that no other companies are already using the name that you would like to use. Search The Yellow Pages, the Internet and the database at your county clerks office to make sure that you dont infringe on the intellectual property of other companies or individuals.

Domain Name Registration

Check that there is a suitable domain name available and register it at the same time as you finalize your business name. You will need to get a website up at some time and it is nice to have a domain that matches your name.

Preferential Listings

Many people name their business ‘A Plus Painting’ or something similar because they want to be among the first listings in The Yellow Pages. This is becoming less important these days though as popular search engines on the Internet don’t display search results alphabetically.

Acronyms

Give some thought to acronyms. If done right they can be an easy way for customers and business associates to refer to your business by using the first letter of each word. Just make sure that you stay away from embarrassing or weird acronyms.

Expert Advice

Many people underestimate the importance of a business name. It is one of the elements that will help your company to win the hearts and minds of the marketplace over many years. Some smart entrepreneurs are now starting to hire naming experts to help them make this crucial decision. While it is unlikely that a small painting startup would go to such expense it wouldn’t hurt to run your ideas past someone with a decent level of experience in business.

Avoid a Name Change at All Costs

Sometimes it becomes necessary for businesses to change their names because they have become old fashioned or irrelevant. This may become necessary for you at some point in the future but you should do your best to avoid this. The costs associated with such a change can be extensive so your selection should be able to stand the test of time.

A Name That You Like

Above all, you, as the owner of a painting business have to have a name that you like. There is no point in using a name that sounds embarrassing or makes you cringe every time you say it. Your business name should inspire you and make you feel proud to be a painting contractor.

Dont treat the selection of your painting company name too lightly. Give this important decision the time that it deserves and come up with something that can carry your painting business forward to future success.

Different Levels Of Management

The term Levels of Management differentiates different managerial positions in an organization. When the organization grows in size and when the employees also increase in number, it leads to increase in the number of levels of the organization and vice versa. There are three levels of management basically :

1. Top Management – The General Manager, Managing Director, Chief Executive, Board of Directors all belong to this category. Authority mainly lies with this level of management. The top level management generally performs planning and co- ordination function. It lays down the broad policies and goals of the organization. It is also answerable to the shareholders for functioning of the organization. The middle level managers are also appointed by the top level management. It also maintains links with society at large.

2. Middle level Management – The departmental heads and the branch heads belong to this category of management. The Middle level management is answerable to the top level management for functioning of their departments. The middle level management generally performs organizing and directing functions. It implements the organizational goals and plans according to the directions of the top management. They act as mediator between top and lower level management by clarifying and explaining policies from top to lower level. Also the middle level has to communicate significant data and reports from lower level to the top level management. It also boosts the lower level managers for better performance. It even has to train the low level managers.

3. Lower level Management – The foremen, supervisors ,superintendents ,etc. all belong to this category of management. They generally have to personally oversee and direct the lower level employees. This level of management generally performs directing and controlling functions. They train and boost up the workers. They look after the problems and grievances of the workers and try to solve them.

Buy Stylish Aldo Shoes Online

If are thinking of getting trendy and stylish shoes then I would suggest you to shop online. There are numerous online shoe stores available on internet that offers great collection of shoes. No matter whether you are looking for shoes of men, women or kids, you will get it at online stores.

Shopatmajorbrands is one of the renowned online shopping stores where you will get great collection of Aldo shoes for both men and women. Aldo has become a well known name in the fashion and footwear world. This highly sought after brand offers stylish and trendy shoes both men and women. The Aldo shoes are available here in wide variety of style that range from formals to casual. Here you will find trendy shoes as well for youngsters. Some Aldo shoes that are available here have a blend of casual and formal styles.

Aldo shoes are loved by most people because of the different innovative designs and style. Even the formal range of Aldo shoes is available in lots of design. Aldo shoes are the best choice for fashion conscious people. The Aldo shoes are so much stylish that you cannot get these shoes in every store. The stylish Aldo shoes will definitely impart your true personality. By getting a great pair of Aldo shoes, you can be a trend setter for many people. The best way to get Aldo shoes is to go online. Shopatmajorbrands has great collection of Aldo shoes.

Shoes are a major part of accessorizing and people dont hesitate to grab stylish shoes that can make them look smart and fascinating. Such people must buy shoes online as there they will great collection of stylish and trendy shoes that will make them spell bound. With the availability of internet, you can shop for stylish shoes either by sitting at your home or from anywhere. You can get the desired shoes delivered right at your doorstep.

The shoes that are available on internet differ a lot in shape, size and variety. You can find the perfect pair of shoes for yourself on internet from a wide range of colors and styles. Fashion freaks can easily cope up with the prevailing fashion with the availability of designer and stylish shoes on online shoe stores.

Apart from shoes, you can shop various other products from here like accessories, watches, cosmetics, sunglasses and many more. These products are available from some of the well known brands like Replay, Polar, Aldo, Park Avenue, Replay, Provogue, Inglot, Queue up and Nine West.

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