The Globalization Of Youth Culture Cultural Studies Essay

The Globalization Of Youth Culture Cultural Studies Essay In their article The Glocalization of Youth Culture: The Global Youth Segment as Structures of Common Difference, Kjeldgaard and Askegaard provide an analysis of global youth cultural consumption based on an empirical study. In our modern life, global teens play an important part in the global culture, and the teenage culture on a global scale reflects a youthful lifestyle and affects the constitution of global culture (Kjeldgaard and Askegaard, 2006). Hence, Kjeldgaard and Askegaards research has a special significance for us to know more about the global youth cultural consumption. From the article the fact can be also found that the young value changes and leads the future trend and fashion. Through the analysis of the global youth segment which may have common difference, readers can have a clear understanding of youth culture. In the article The Production and Consumption of Japanese Culture in The Global Culture Market, the author demonstrates an explicit process of the production and consumption of culture, and presents the fact that Japanese culture crosses national borders and has profoundly influenced the global culture. In the process of economic globalization, local culture crosses boundary and penetrates into other nations. This process can be called cultural globalization (Golstein-Gidoni, 2005). In this article, culture is presented in front of different people as a product, which is an approach for readers to understand the process of culture transfer in globalization. The author focuses on Japanese culture as a global cultural production to explain the global culture market. Meanwhile, both of the two articles demonstrate the fact that in globalization, culture has significant impact on peoples contemporary way of life. The essay will comment the two articles from the following four aspects: th e first one is about material culture and consumerism shaping peoples contemporary way of life; the second one is on cultural and social representations reproduction; the third one mainly analyzes the production and construction of identities through consumer society and global cultural industry; the last one discusses the social ramification of culture industry by addressing the relationship between the consumer and the marketplace. 2, Critical Review Material culture and consumption have a close relationship in the modern world. Due to the special relationship, they affect and shape the modern lifestyle. In the first article, the author shows readers different cultures of young people by comparing the differences of young consumers in Denmark and Greenland. Yong people establish their own culture, and they pursue fashion and have their own values. Young culture affects the lifestyle of young people. Young people advocate fast-paced life and pursue their own lifestyles, because they are deeply affected by the young culture (Abrams, 1959). Although young cultures in the world have some differences, they also have some common grounds that have an impact on young people and shape the lifestyle of young people. In the second article, readers can know more about the Japanese cultures influence on the contemporary way of life. Consumer culture is a culture of life after all. The Japanese lifestyle is different from other countries by th e affect of Japanese culture. Every country has their own culture, which can distinguish them from the other people. Duo to the differences of culture, people may have different lifestyles. Different social representations create different culture of their own, and different culture can also form different social representations. Young people form their own culture. à £Ã¢â€š ¬Ã‚ Coolà £Ã¢â€š ¬Ã… ¾ is popular with young people, and they regard the cool as a fashion. Nowadays, à £Ã¢â€š ¬Ã‚ Coolà £Ã¢â€š ¬Ã… ¾ culture has become the popular culture between young people. Culture shapes gender, tribal, and ethnic identities as a form of consumption. On the one hand, they have their own music tastes, clothing styles, and media habits, which distinguish them from the other people. On the other hand, young have become a social category, which has been closely related to the development of modernization. Young culture represents the young people, and young people develop the young culture. Japanese culture crosses national borders, which leave a deep impression on the people of other countries (Featherstone, 1990). Because Japanese form a unique culture of their own country , Japanese culture can differ from culture of other countries. Gravity and enthusiasm are often read in the Japanese culture, and they have become the special symbols of Japanese. Consumer society and global cultural industry affect the identities of different people. People share the different culture and they have different consumption in their daily life. Consumer society supplies a positive and fast-paced environment for the young people, and young people have become a social category by the effect of consumer society and global cultural industry (Thomas, 1997). The model of young people gain cultural significance in the early of this century, and the young consumers are lack of responsibilities. As a result, the teenage identity become inevitable a symbol of leisure and hedonic consumption. In the context of cultural globalization, Japan has generated its own Japanese culture, which makes Japanese people different from people of other countries. Japanese culture has given Japanese people special identities that belong to their own. Since post-World War II, young people have been seen as a huge market segment and the new mass popular culture, so more and more social ramifications of culture industry are created by the market segmentation. Marketing industry begins to tap into young by the driving of this cultural viewpoint. As a result, some new sunrise industries enter the market and carry out the strategy of market segmentation. Culture industry can generate all kinds of social ramifications, and young culture is no exception. Japanese culture develops into a special culture industry by the strategy of exporting and importing (Theodore, 1989). In the long process of development, representations of Japanese culture are becoming more and more, such as Japanese art, martial arts, ink painting, tea ceremony, and some of them have become new industries by addressing the relationship between the consumer and the marketplace. 3, conclusion From the two articles some key themes can be found that on the one hand, material culture and consumerism shape contemporary way of life, and culture has a lot to do with the lifestyle of people. On the other hand, material culture such as young culture and Japanese culture can also produce different industries, which are all in the context of cultural globalization. Culture distinguishes people from other people. In the process of cultural globalization, people should resist the invasion of unhealthy culture and study excellent culture, in order to achieve their own development.

Kerensky handed over power to the Bolsheviks Essay -- Russia Bolshevik

"Kerensky handed power to the Bolsheviks" By October 1917 the Winter Palace of St Petersburg was overthrown by the Bolshevik party of Russia. Historians have deliberated for years on why this event occurred, one viewpoint taken is it was the fault of the detested Alexander Kerensky, prime-minister of Russia. Accusations that Kerensky handed power to the Bolsheviks are not unfounded, he conducted some disastrous policies, but was this Kerensky's fault, or was he being pressured by the unruly monarchists and rightists of Russia, did fear of a bloody cout d?ÃÆ'Â ©tat force him into passing measures such as the restoration of the death penalty? Was Kerensky's failure inevitable after the miserable spells of Lvov and Milyukov as leaders of the Provisional government? It is too easy to state that the revolution in Russia was one man's fault, despite Kerensky's perpetual mistakes there were a lot of other factors, such as the role of Trotsky and Lenin that must be taken into account. An indelible failure of Alexander Kerensky was his refusal to bring Russia out of the war. Kerensky had been hired as Lvov successor due to his belligerent and aggressive nature against the Bolsheviks so his continuation of the war was not unexpected (especially coming from the position Minister of War). However Kerensky was quite arrogant in thinking that a war that had brought down the Romanov dynasty of over 300 years and saw the dismissal of Milyukov and Guchov (after they embarrassingly promised to carry on with the war effort after telling the people they would not) would not hinder his leadership. The burden of the war on the people was devastating as resources were being sent to the front also troops at the rear were becoming increasingly frustrat... ...ro to solve them, the war was straining all their resources, the workers were in constant rebellion and the army were no longer under the Provisional Government?s control, also the polarisation of political Russia was worrying. Kerensky came to be a leader because he was a bridge between the right and left, but that bridge burned and Kerensky was left alone with no support. His handling of the Kornilov affair was his biggest downfall, personally I think he should have never appointed Kornilov as Command in Chief, he was reactionary and had a past record of disregarding rules, Brusilov was a better option because of his democratic appeal. When Kornilov came into the picture the left support of Kerensky disappeared as well as the right, at this moment the Provisional Government was over. Kerensky didn?t give the Bolsheviks power but made it exceedingly easy for them.

Comparison Of Perugino And Caravaggio :: essays research papers

The artists of the Baroque had a remarkably different style than artists of the Renaissance due to their different approach to form, space, and composition. This extreme differentiation in style resulted in a very different treatment of narrative. Perhaps this drastic stylistic difference between the Renaissance and Baroque in their treatment of form, space, and composition and how these characteristics effect the narrative of a painting cannot be seen more than in comparing Perugino’s Christ Delivering the Keys of the Kingdom to St. Peter from the Early Renaissance to Caravaggio’s Conversion of St. Paul from the Baroque.Perugino was one of the greatest masters of the Early Renaissance whose style ischaracterized by the Renaissance ideals of purity, simplicity, and exceptional symmetry of composition. His approach to form in Christ Delivering the Keys of the Kingdom to St.Peter was very linear. He outlined all the figures with a black line giving them a sense of stabili ty, permanence, and power in their environment, but restricting the figures’ sense of movement. In fact, the figures seem to not move at all, but rather are merely locked at a specific moment in time by their rigid outline. Perugino’s approach to the figures’themselves is extremely humanistic and classical. He shines light on the figures in a clear, even way, keeping with the rational and uncluttered meaning of the work. His figures are all locked in a contrapposto pose engaging in intellectual conversation with their neighbor, giving a strong sense of classical rationality. The figures are repeated over and over such as this to convey a rational response and to show the viewer clarity. Perugino’s approach to space was also very rational and simple. He organizes space along three simple planes: foreground, middle ground, and background. Christ and Saint Peter occupy the center foreground and solemn choruses of saints and citizens occupy the rest of the fo reground. The middle distance is filled with miscellaneous figures, which complement the front group, emphasizing its density and order, by their scattered arrangement. Buildings from the Renaissance and triumphal arches from Roman antiquity occupy the background, reinforcing the overall classical message to the painting even though the event represented in the painting took place long before the Roman Empire. The center temple that occupies the background has a vanishing point running through its doorway and if it weren’t for this illusionistic technique, the painting would be very two-dimensional.

Construction Of The Great Pyramid Essay -- essays research papers

Of the three theories on how the Great Pyramid was built, in descending order of acceptability, the most suitable theory is Clifford Wilson’s followed by Joseph Davidovits’ and Erich Von Dà ¤niken’s argument. Clifford Wilson’s theory is the best because he illustrates how the pyramids were built and provides the evidence to prove his theory, however; this is unlike Joseph Davidovits’ theory because Davidovits does not fully answer questions that arise concerning his theory. The three theories have similar points, but contain very different ideas on the construction of the Great Pyramid. This is obvious in Clifford Wilson’s argument where he is repeatedly disproving Von Dà ¤niken’s theory that the â€Å"gods† created the pyramids, whereas in Davidovits theory the pyramids were simply casted by means of chemically mixing Natron, aluminum and silicon to produce artificial rock. These three individuals express different ideas on t he building of the building of the Great Pyramid. Clifford Wilson has the most acceptable theory compared to the other two individual’s arguments. In Clifford Wilson’s theory, he suggests that the pyramids were built with the â€Å"heave-ho† method. With the use of sleds made from wood that is easily imported from Phoenicia and rope, it is an acceptable theory on how the Great Pyramid was built. Wilson has also seen workers, using a single rope and pulley, move stones as the supervisor chants out instructions. One question that arises is how the builders were able to lift the stones into place. Wilson explains that during the construction of the pyramid, a ramp made of earth could be increased as the height of the pyramid increased. Once outer limestone blocks are fitted into place the earth could simply be removed. Clifford Wilson clearly verifies his theory with specific details, which displays that his theory is the most logical and suitable explanation of the construction of the Great Pyramid. Although Clifford Wilson’s theory is the best, there are still a few weaknesses throughout his argument. Wilson suggests that by using a system of pulleys, levers and ropes its is possible to construct the pyramid. With recent studies, it has been shown that if using a lever system as Wilson suggests, the fulcrum’s height must be increased, and at certain heights, the whole lever can become unstable. Another problem that is brought up is with the use of... ...nce. Von Dà ¤niken’s theory is clearly the worst when compared to the other two arguments, and this is particularly due to incorrect data. Even though Von Dà ¤niken’s theory is the poorest in quality, he still brings up important ideas that need to be examined. For example, the Egyptians knew the distance between the sun and the earth, and the geographical locations of other continents. This information could have been thought up, but it is more realistic to consider that Egyptians did have contact with extra-terrestrials. Despite Von Dà ¤niken’s bad theory , he still brings up key issues, but generally his theory is of no use because of the lack of significant data. Of the three theories, Clifford Wilson’s theory remains the most acceptable because he illustrates how the pyramids were built and provides the evidence to prove his argument. Joseph Davidovits on the other hand, does not fully answer questions that arise concerning his theory. Von Dà ¤niken’s theory contains incorrect and irrelevant data that makes his theory the worst when compared to the other two arguments. In conclusion, Clifford Wilson had many effective points that disproved many Davidovits’ and Von Dà ¤niken’s points.

Francis King “Making It All Right”

The text â€Å"Making it all right† by Francis King is written in a style of fiction. This extract is about how Mary and her husband Bob were admiring their screen, which was picked up in a little junkshop, and how they had it remounted. So at the beginning of the text we see Bob, Mary and Diana friendly speaking about their friend Iris, whom they were going to make a call. Suddenly their attention was attracted by Diana Lucas, who began to edge a six-panel gold screen out from the wall. And they saw the filth behind it. During this Bob was sitting and staring at the Chinese silk carpet.The author describe him as a big and clumsy chap using such epithet â€Å"clumsy hands†. But Bob wasn’t going to grumble about her and he’s been with her twelve years. And he really appreciated in her the thing that she was a good cook and to show it the author uses the epithet â€Å"a lovely cook†. The clich? â€Å"on a good day† is used to show that they did not care very much about that carpet. After all they decided to call her but they did not know whether would be suitable. Besides she was on her own and seemed â€Å"utterly lost†, this metonymy which describes her in a very bad condition.But then Diana fidgeted with the screen and their attention again was attracted by the beauty of it. To show their admiration the author uses the proverb â€Å"The gold alone is worth a fortune†. And at the end of the text we can see the remembering of that how they picked up it in a small junkshop and how it had been remounted by a little man – a real artist. After that they anyway decided to put through that call. To my mind the idea of the story is that sometimes it is possible to remount thing which are in ghastly condition.

Acg 4401

Review Questions ACG 4401 U01B Summer 2010NameMULTIPLE CHOICEChoose the one alternative that best completes the statement or answers the question.1) Which of the factors listed below is not a common factor for fraud? 1) _______A) rationalization for the crimeB) desire to get even with the employerC) opportunity to commit fraudD) pressure to commit fraud2) Misappropriation of assets can also be called 2) _______A) Fraudulent financial reportingB) Management fraudC) Employee fraudD) Computer fraud3)Which type of antivirus program is most effective in spotting an infection soon after it starts? 3) _______A) a virus detection programB) a virus protection programC) a virus identification programD) none of the above4) How can an organization reduce fraud losses? 4) _______A) require vacations and rotate dutiesB) maintain adequate insuranceC) encrypt data and programsD) use forensic accountants5) A ________ is similar to a ________, except that it is a program rather than a code segment hid den in a host program. 5) _______A) worm; virusB) worm; Trojan horseC) Trojan horse; wormD) virus; worm6) Which method of fraud is physical in its nature rather than electronic? 6) _______A) eavesdroppingB) crackingC) scavengingD) hacking7) The deceptive method by which a perpetrator gains access to the system by pretending to be an authorized user is called 7) _______A) masquerading.B) superzapping.C) hacking.D) cracking.8) Intentional or reckless conduct that results in materially misleading financial statements is called 8) _______A) financial fraud.B) misstatement fraud.C) audit failure fraud.D) fraudulent financial reporting.9) The potential dollar loss that could result if an unwanted event occurs is called a(n) 9) _______A) exposure.B) extraordinary loss.C) threat.D) risk.10) The likelihood that an adverse or unwanted event could occur is referred to as a(n) 10) ______A) threat.B) loss.C) risk.D) exposure.11) Which of the following federal laws incorporated the language of th e AICPA about controls into a law applying to all registered companies? 11) ______A) Foreign Corrupt Practices Act of 1977B) The Securities Act of 1933C) Federal Corruption Prevention Act of 1987D) The Securities Exchange Act of 193412) Personnel policies such as background checks, mandatory vacations, and rotation of duties tend to deter 12) ______A) fraud by outsidersB) unintentional errorsC) employee fraud or embezzlementD) payroll irregularities13) Chuck Hewitt was relaxing after work with a colleague at a local watering hole. Well into his second martini, he began expressing his opinion about government regulation. It seems that, as a result of â€Å"government interference† the company's longstanding policy of making low-interest loans to top management was being terminated. The regulation that Chuck is referring to is the 13) ______A) Truth in Lending ActB) McCain-Feingold ActC) Sarbanes-Oxley ActD) Foreign Corrupt Practices Act14) River Rafting Adventures of Iowa prov ides rafts and tour guides to tourists eager to ride the wild rivers of Iowa. Management has determined that there is one chance in a thousand of a client being injured or killed. Settlement of resulting lawsuits has an average cost of $650,000. Insurance with a $50,000 deductible is available. It covers the costs of lawsuits unless there is evidence of criminal negligence. What is the expected loss without insurance? 14) ______A) $650B) $650,000C) $50,000D) $5015) The risk that remains after management implements internal controls is 15) ______A) Risk appetiteB) Residual riskC) Risk assessmentD) Inherent risk16) River Rafting Adventures of Iowa provides rafts and tour guides to tourists eager to ride the wild rivers of Iowa. Management has determined that there is one chance in a thousand of a client being injured or killed. Settlement of resulting lawsuits has an average cost of $650,000. Insurance with a $50,000 deductible is available. It covers the costs of lawsuits unless ther e is evidence of criminal negligence. What is the expected loss with insurance? 16) ______A) $650B) $50,000C) $650,000D) $5017) There are different types of internal controls available to an organization. The type of controls that deters problems before they arise are called 17) ______A) preventive controls.B) corrective controls.C) exposure controls.D) detective controls.18) According to SysTrust, the reliability principle of integrity is achieved when 18) ______A) the system is available for operation and use at times set forth by agreement.B) system processing is complete, accurate, timely, and authorized.C) the system can be maintained as required without affecting system availability, security, and integrity.D) the system is protected against unauthorized physical and logical access.19) An electronic document that certifies the identity of the owner of a particular public key. 19) ______A) Public keyB) Asymmetric encryptionC) Digital signatureD) Digital certificate20) In develo ping policies related to personal information about customers, Folding Squid Technologies adhered to the Trust Services framework. The standard applicable to these policies is 20) ______A) privacy.B) security.C) confidentiality.D) availability.21) In a private key system the sender and the receiver have ________, and in the public key system they have ________. 21) ______A) the same key; two separate keysB) an encrypting algorithm; a decrypting algorithmC) different keys; the same keyD) a decrypting algorithm; an encrypting algorithm22) Which of the following is an example of a corrective control? 22) ______A) Physical access controlsB) Intrusion detectionC) Emergency response teamsD) Encryption23) A more rigorous test of the effectiveness of an organization's computer security. 23) ______A) Vulnerability scanB) Penetration testC) Log analysisD) Intrusion detection system24) Which of the following is not a requirement of effective passwords? 24) ______A) Passwords should be no more than 8 characters in length.B) Passwords should contain a mixture of upper and lowercase letters, numbers and characters.C) Passwords should be changed at regular intervals.D) Passwords should not be words found in dictionaries.25) An auditor examining a firm's accounting information system creates a fictitious customer in the system and then creates several fictitious sales to the customer. The records are then tracked as they are processed by the system. This is an example collecting audit evidence using 25) ______A) a system control audit review file.B) an integrated test facility.C) audit hooks.D) the snapshot technique.E) continuous and intermittent simulation.26) The ________ part of the auditing process involves (among other things) the auditors observing the operating activities and having discussion with employees. 6) ______A) communication of audit resultsB) evaluation of audit evidenceC) audit planningD) collection of audit evidence27) The evidence collection method that considers the relationship and trends among information to detect items that should be investigated further is called 27) ______A) physical examination.B) vouching.C) analytical review.D) review of the documentation.28) One way an auditor gauges how much audit work and testing needs to be performed is through evaluating materiality and seeking reasonable assurance about the nature of the information or process. What is key to determining materiality during an audit? 28) ______A) the testing of records, account balances, and procedures on a sample basisB) determining if material errors exist in the information or processes undergoing auditC) determining what is and is not important given a set of circumstances is primarily a matter of judgmentD) none of the above29) The ________ to auditing provides auditors with a clear understanding of possible errors and irregularities and the related risks and exposures. 29) ______A) financial audit approachB) risk-adjusted approachC) risk-based approachD) information systems approach30) The ________ audit is concerned with the economical and efficient use of resources and the accomplishment of established goals and objectives. 30) ______A) financialB) informationalC) operationalD) information systemsAnswersBCDBACADACACCABDABDAACBABDCCCC

Introduction to Axis Bank

INTRODUCTION TO AXIS BANK Commercial banking services which includes merchant banking, direct finance infrastructure finance, venture capital fund, advisory, trusteeship, forex, treasury and other related financial services. As on 31-Mar-2009, the Group has 827 branches, extension counters and 3,595 automated teller machines (ATMs). Axis Bank was the first of the new private banks to have begun operations in 1994, after the Government of India allowed new private banks to be established.The Bank was promoted jointly by the Administrator of the specified undertaking of the Unit Trust of India (UTI – I), Life Insurance Corporation of India (LIC) and General Insurance Corporation of India (GIC) and other four PSU insurance companies, i. e. National Insurance Company Ltd. , The New India Assurance Company Ltd. , The Oriental Insurance Company Ltd. and United India Insurance Company Ltd. The Bank today is capitalized to the extent of Rs. 359. 76 corers with the public holding (othe r than promoters) at 57. 79%. The Bank's Registered Office is at Ahmadabad and its Central Office is located at Mumbai.The Bank has a very wide network of more than 853 branches and Extension Counters (as on 30th June 2009). The Bank has a network of over 3723 ATMs (as on 30th June 2009) providing 24 hrs a day banking convenience to its customers. This is one of the largest ATM networks in the country. The Bank has strengths in both retail and corporate banking and is committed to adopting the best industry practices internationally in order to achieve excellence. HISTORY OF AXIS BANK In 1993, the Bank was incorporated on 3rd December and Certificate of business on 14th Dece11mber.The Bank transacts banking business of all description. UTI Bank Ltd. was promoted by Unit Trust of India, Life Insurance Corporation of India, General Insurance Corporation of India and its four subsidiaries. The bank was the first private sector bank to get a license under the new guidelines issued by th e RBI. In 1997, the Bank obtained license to act as Depository Participant with NSDL and applied for registration with SEBI to act as `Trustee to Debenture Holders'. Rupees 100 crores was contributed by UTI, the rest from LIC Rs 7. 5 crores, GIC and its four subsidiaries Rs 1. crores each. In 1998, the Bank has 28 branches in urban and semi urban areas as on 31st July. All the branches are fully computerized and networked through VSAT. ATM services are available in 27 branches. The Bank came out with a public issue of 1,50,00,000 No. of equity shares of Rs 10 each at a premium of Rs 11 per share aggregating to Rs 31. 50 crores and Offer for sale of 2,00,00,000 No. of equity shares for cash at a price of Rs 21 per share. Out of the public issue 2, 20,000 shares were reserved for allotment on preferential basis to employees of UTI Bank.Balance of 3, 47, 80,000 shares were offered to the public. The company offers ATM cards, using which account-holders can withdraw money from any of th e bank's ATMs across the country which is inter-connected by VSAT. UTI Bank has launched a new retail product with operational flexibility for its customers. UTI Bank will sign a co-brand agreement with the market, leader, Citibank NA for entering into the highly promising credit card business. UTI Bank promoted by India's pioneer mutual fund Unit Trust of India along with LIC, GIC and its four subsidiaries.In 1999, UTI Bank and Citibank have launched an international co-branded Credit card. UTI Bank and Citibank have come together to launch an international co-branded credit card under the MasterCard umbrella. UTI Bank Ltd has inaugurated an off site ATM at Ashok Nagar here, taking the total number of its off site ATMs to 13. m In 2000, the Bank has announced the launch of Tele-Depository Services for Its depository clients. UTI Bank has launch of `iConnect', its Internet banking Product. UTI Bank has signed a memorandum of understanding with equitymaster. om for e-broking activiti es of the site. Infinity. com financial Securities Ltd. , an e-broking outfit is Typing up with UTI Bank for a banking interface. Geojit Securities Ltd, the first company to start online trading services, has signed a MoU with UTI Bank to enable investors to buysell demat stocks through the company's website. India bulls have signed a memorandum of understanding with UTI Bank. UTI Bank has entered into an agreement with Stock Holding Corporation of India for providing loans against shares to SCHCIL's customers and funding investors in public and rights issues.ICRA has upgraded the rating UTI Bank's Rs 500 crore certificate of deposit programmed to A1+. UTI Bank has tied up with L&T Trade. com for providing customized online trading solution for brokers. In2001, UTI Bank launched a private placement of non-convertible debentures to rise up to Rs 75 crores. UTI Bank has opened two offsite ATMs and one extension counter with an ATM in Mangalore, taking its total number of ATMs across t he country to 355. UTI Bank has recorded a 62 per cent rise in net profit for the quarter ended September 30, 2001, at Rs 30. 5 crore. For the second quarter ended September 30, 2000, the net profit was Rs 19. 08 crore. The total income of the bank during the quarter was up 53 per cent at Rs 366. 25 crore. In 2002, UTI Bank Ltd has informed BSE that Shri B R Barwale has resigned as a Director of the Bank w. e. f. January 02, 2002. A C Shah, former chairman of Bank of Baroda, also retired from the bank’s board in the third quarter of last year. His place continues to be vacant. M Damodaran took over as the director of the board after taking in the reins of UTI.B S Pandit has also joined the bank’s board subsequent to the retirement of K G Vassal. UTI Bank Ltd has informed that Shri Paul Fletcher has been appointed as an Additional Director Nominee of CDC Financial Service (Mauritius) Ltd of the Bank. And Shri Donald Peck has been appointed as an Additional Director (nom inee of South Asia Regional Fund) of the Bank. UTI Bank Ltd has informed that on laying down the office of Chairman of LIC on being appointed as Chairman of SEBI, Shri G N Bajpai, Nominee Director of LIC has resigned as a Director of the Bank.In 2002, B Paranjpe & Abid Hussain cease to be the Directors of UTI Bank. UTI Bank Ltd has informed that in the meeting of the Board of Directors following decisions were taken: Mr Yash Mahajan, Vice Chairman and Managing Director of Punjab Tractors Ltd were appointed as an Additional Director with immediate effect. Mr. N C Singhal former Vice Chairman and Managing Director of SCICI was appointed as an Additional Director with immediate effect. ABN Amro, UTI Bank in pact to share ATM. UTI Bank Ltd has informed BSE that a meeting of theBoard of Directors of the Bank is scheduled to be held on October 24, 2002 to consider and take on record the unaudited half yearly/quarterly financial results of the Bank for the half year/Quarter ended September 30, 2002. UTI Bank Ltd has informed that Shri J M Trivedi has been appointed as an alternate director to Shri Donald Peck with effect from November 2, 2002. In 2003, UTI Bank Ltd has informed BSE that at the meeting of the Board of Directors of the company held on January 16, 2003, Shri R N Bharadwaj, Managing Director of LIC has been appointed as an Additional Director of the Bank with immediate effect. UTI Bank, the private sector bank has opened a branch at Nellore. The bank's Chairman and Managing Director, Dr P. J. Nayak, inaugurating the bank branch at GT Road on May 26. Speaking on the occasion, Dr Nayak said. This marks another step towards the extensive customer banking focus that we are providing across the country and reinforces our commitment to bring superior banking services, marked by convenience and closeness to customers. -UTI Bank Ltd. has informed the Exchange that at its meeting held on June 25, 2003 the BOD have decided the following: 1) To appoint Mr. A T Pann ir Selvam, former CMD of Union Bank of India and Prof.Jayanth Varma of the Indian Institute of Management, Ahmedabad as additional directors of the Bank with immediate effect. Further, Mr. Pannir Selvam will be the nominee director of the Administrator of the specified undertaking of the Unit Trust of India (UTI-I) and Mr. Jayanth Varma will be an Independent Director. 2) To issue Non-Convertible Unsecured Redeemable Debentures up to Rs. 100 crs, in one or more tranches as the Bank's Tier – II capital. -UTI has been authorized to launch 16 ATMs on the Western Railway Stations of Mumbai Division. -UTI filed suit against financial institutions IFCI Ltd in the ebt recovery tribunal at Mumbai to Recover Rs. 85cr in dues. -UTI bank made an entry to the Food Credit Program me; it has made an entry into the 59 cluster which includes private sector, public sector, old private sector and co-operative banks. -Shri Ajeet Prasad, Nominee of UTI has resigned as the director of the bank. - Banks Chairman and MD Dr. P. J. Nayak inaugurated a new branch at Nellore. -UTI bank allots shares under Employee Stock Option Scheme to its employees. -Unveils pre-paid travel card ‘Visa Electron Travel Currency Card' -Allotment of 58923 equity shares of Rs 10 each under ESOP. UTI Bank ties up with UK govt fund for contract farm in -Shri B S Pandit, nominee of the Administrator of the Specified Undertaking of the Unit Trust of India (UTI-I) has resigned as a director from the Bank wef November 12, 2003. -UTI Bank unveils new ATM in Sikkim. In 2004, Comes out with Rs. 500 mn Unsecured Redeemable Non-Convertible Debenture Issue, issue fully subscribed -UTI Bank Ltd has informed that Shri Ajeet Prasad, Nominee of the Administrator of the Specified Undertaking of the Unit Trust of India (UTI – I) has been appointed as an Additional Director of the Bank w. e. f. January 20, 2004. UTI Bank opens new branch in Udupi-UTI Bank, Geojit in pact for trading platform in Qatar -UTI Bank ties up with Shriram Group Cos -Unveils premium payment facility through ATMs applicable to LIC UTI Bank customers –Metal junction (MJ)- the online trading and procurement joint venture of Tata Steel and Steel Authority of India (SAIL)- has roped in UTI Bank to start off own equipment for Tata Steel. -DIEBOLD Systems Private Ltd, a wholly owned subsidiary of Diebold Incorporated, has secured a major contract for the supply of ATMs an services to UTI Bank -HSBC completes acquisition of 14. 6% stake in UTI Bank for . m -UTI Bank installs ATM in Thiruvananthapuram -Launches Remittance Card' in association with Remit2India, a Web site offering money transfer services In 2005, UTI Bank enters into a banc assurance partnership with Bajaj Allianz General for selling general insurance products through its branch network. -UTI Bank launches its first Satellite Retail Assets Centre (SRAC) in Karnataka at Mangalore. In 2006, UBL sets up branch in Jaipur -UTI Bank unveils priority b anking lounge. MANAGEMENT OF AXIS BANK Promoters: Axis Bank Ltd. has been promoted by the largest and the best Financial Institution of the country, UTI.The Bank was set up with a capital of Rs. 115 crore, with UTI contributing Rs. 100 Crore, LIC – Rs. 7. 5 Crore and GIC and its four subsidiaries contributing Rs. 1. 5 Crore each SUUTI – Shareholding 27. 02%Erstwhile Unit Trust of India was set up as a body corporate under the UTI Act, 1963, with a view to encourage savings and investment. In December 2002, the UTI Act, 1963 was repealed with the passage of Unit Trust of India (Transfer of Undertaking and Repeal) Act, 2002 by the Parliament, paving the way for the bifurcation of UTI into 2 entities, UTI-I and UTI-II with effect from 1st February 2003.In accordance with the Act, the Undertaking specified as UTI I has been transferred and vested in the Administrator of the Specified Undertaking of the Unit Trust of India (SUUTI), who manages assured return schemes along w ith 6. 75% US-64 Bonds, 6. 60% ARS Bonds with a Unit Capital of over Rs. 14167. 59 crores. The Government of India has currently appointed Shri K. N. Prithviraj as the Administrator of the Specified undertaking of UTI, to look after and administer the schemes under UTI where Government has continuing obligations and commitments to the investors, which it will uphold.MEANING OF WHOLE BANKING OPERATION The Wholesale Banking contains products sold to large and middle market commercial companies, as well as to consumers on a wholesale basis. This includes lending, treasury management, mutual funds, asset-based lending, commercial real estate, corporate and institutional trust services, and investment banking through Wells Fargo Securities. The company also owns Baring ton Associates, a middle market investment bank.Wells Fargo historically has avoided large corporate loans as stand-alone products, instead requiring that borrowers purchase other products along with loans which the bank s ees as a loss leader. One area that is very profitable to Wells, however, is asset-based lending: lending to large companies using assets as collateral that are not normally used in other loans. This can be compared to subprime lending, but on a corporate level. The main brand name for this activity is â€Å"Wells Fargo Foothill,† and is regularly marketed in tombstone ads in the Wall Street Journal.Wells Fargo also owns Eastdil Secured, which is described as a â€Å"real estate investment bank† but is essentially one of the largest commercial real estate brokers for very large transactions (such as the purchase and sale of large Class-A office buildings in central business districts throughout the United States). The wholesale banking operations consist of the following transactions: 1. Opening of Account 2. Issue of Check book 3. International Debit / Credit Card 4. Issue of Demand Draft (DD) 5. Net banking 6. e-mail statement 7. phone banking 8.Insta Query 9. Insta Alert 10. Bill pay 11. Passbook 12. Quarterly Account Statement 13. Loan Facility definitions of banking * A bank is a financial institution licensed by a government. Its primary activity is to lend money. Many other financial activities were allowed over time. For example banks are important players in financial markets and offer financial services such as investment funds. * Banking can also be defined as engaging in the business of keeping money for savings and checking accounts or for exchange or for issuing loans and credit. Transacting business with a bank; depositing or withdrawing funds or requesting a loan. * Bank – a supply or stock held in reserve for future use (especially in emergencies) MEANING of BANK An organization, usually a corporation, chartered by a state or federal government, which does most or all of the following: receives demand deposits and time deposits, honors instruments drawn on them, and pays interest on them; discounts notes, makes loans, and invests in securities; collects checks, drafts, and notes; certifies depositor's checks; and issues drafts and cashier's checks.PRADUCT OF AXIS BANK * Easy Access Saving Account * Saving Account for Women * Prime Saving Account * Senior Citizens Saving Account * Priority Banking * Corporate Salary Account * Trust /NGOs Saving Account * Resident Foreign Currency Account * Online Trading Account * Current Account * Term Deposits * Locker Facilities * NRI Services * Depository Services * Financial Advisory Services * Wealth Management Services * Insurance Solutions – Life and General * Retail Loans * Credit Loans * Travel Currency Cards * Remittance Cards CUSTOMER SERVICE IN BANKING OPERATION CHEQUE DROP BOX FACILITY: – RBI's Committee on Procedures and Performance Audit on Public Services have recommended that both the drop box facility and the facility for acknowledgement of the cheques at the regular collection counters should be available to customers and no branch sh ould refuse to give an acknowledgement if the customer tenders the cheques at the counters. * ISSUE OF CHEQUE BOOK: – The Committee has observed that some banks do not allow depositors to collect their cheque book at the branch but insist on dispatching the cheque book by courier to the depositor.Further, it is stated by the Committee that the depositor is forced to sign a declaration that a dispatch by the courier is at the depositor's risk and consequence and that the depositor shall not hold the bank liable in any manner whatsoever in respect of such dispatch of cheque book. Committee has observed this as an unfair practice and advised banks to refrain from obtaining such undertakings from depositors. Banks should also ensure that cheque books are delivered over the counters on request to the depositors or his authorized representative. STATEMENT OF ACCOUNT / PASS BOOK: – The Committee has noted that banks invariably show the entries in depositor’s passbooks / statement of accounts as â€Å"By Clearing† or â€Å"By Cheque†. Further, in the case of Electronic Clearing System (ECS) and RBI Electronic Funds Transfer (RBIEFTR) banks invariably do not provide any details even though brief particulars of the remittance are provided to the receiving bank. In some cases computerized entries use sophisticated codes which just cannot be deciphered.With a view to avoiding inconvenience to depositors, banks are advised to avoid such inscrutable entries in passbooks statements of account and ensure that brief, intelligible particulars are invariably entered in passbooks / statements of account. Banks may also ensure that they adhere to the monthly periodicity prescribed by us while sending statement of accounts. TRADITIONAL BANKING ACTIVITIES Banks act as payment agents by conducting checking or current accounts for customers, paying cheques drawn by customers on the bank, and collecting cheques deposited to customers' current accounts .Banks also enable customer payments via other payment methods such as telegraphic transfer, EFTPOS, and ATM. Banks borrow money by accepting funds deposited on current accounts, by accepting term deposits, and by issuing debt securities such as banknotes and bonds. Banks lend money by making advances to customers on current accounts, by making installment loans, and by investing in marketable debt securities and other forms of money lending. Banks provide almost all payment services, and a bank account is considered indispensable by most businesses, individuals and governments.Non-banks that provide payment services such as remittance companies are not normally considered an adequate substitute for having a bank account. Banks borrow most funds from households and non-financial businesses, and lend most funds to households and non-financial businesses, but non-bank lenders provide a significant and in many cases adequate substitute for bank loans, and money market funds, cash manag ement trusts and other non-bank financial institutions in many cases provide an adequate substitute to banks. ACCOUTING FOR BANK ACCOUNTBank statements are accounting records produced by banks under the various accounting standards of the world. Under GAAP and IFRS there are two kinds of accounts: debit and credit. Credit accounts are Revenue, Equity and Liabilities. Debit Accounts are Assets and Expenses. This means you credit a credit account to increase its balance, and you debit a debit account to increase its balance. This also means you debit your savings account every time you deposit money into it (and the account is normally in deficit), while you credit your credit card account every time you spend money from it (and the account is normally in credit).However, if you read your bank statement, it will say the opposite that you credit your account when you deposit money, and you debit it when you withdraw funds. If you have cash in your account, you have a positive (or credi t) balance; if you are overdrawn, you have a negative (or deficit) balance. The reason for this is that the bank, and not you, has produced the bank statement. Your savings might be your assets, but the bank's liability, so they are credit accounts (which should have a positive balance).Conversely, your loans are your liabilities but the bank's assets, so they are debit accounts (which should have a also have a positive balance). Where bank transactions, balances, credits and debits are discussed below, they are done so from the viewpoint of the account holder which is traditionally what most people are used to seeing. ECONOMIC FUNCTION * ISSUE OF MONEY: – In the form of banknotes and current accounts subject to cheque or payment at the customer's order. These claims on banks can act as money because they are negotiable and/or repayable on demand, and hence valued at par.They are effectively transferable by mere delivery, in the case of banknotes, or by drawing a cheque that the payee may bank or cash. * NETTING AND SETTELEMENT OF PAYMENT: – Banks act as both collection and paying agents for customers, participating in interbank clearing and settlement systems to collect, present, be presented with, and pay payment instruments. This enables banks to economies on reserves held for settlement of payments, since inward and outward payments offset each other. It also enables the offsetting of payment flows between geographical areas, reducing the cost of settlement between them. * CREDIT INTERMEDIATION: –Banks borrow and lend back-to-back on their own account as middle men. * CREDIT QUALITY IMPROVEMENT: – Banks lend money to ordinary commercial and personal borrowers (ordinary credit quality), but are high quality borrowers. The improvement comes from diversification of the bank's assets and capital which provides a buffer to absorb losses without defaulting on its obligations. However, banknotes and deposits are generally unsecured; if the bank gets into difficulty and pledges assets as security, to rise the funding it needs to continue to operate, this puts the note holders and depositors in an economically subordinated position. MATURITY TRANSFORMATION: – Banks borrow more on demand debt and short term debt, but provide more long term loans. In other words, they borrow short and lend long. With a stronger credit quality than most other borrowers, banks can do this by aggregating issues (e. g. accepting deposits and issuing banknotes) and redemptions (e. g. withdrawals and redemptions of banknotes), maintaining reserves of cash, investing in marketable securities that can be readily converted to cash if needed, and raising replacement funding as needed from various sources (e. g. wholesale cash markets and securities markets).BANKING CHANNELS Banks offer many different channels to access their banking and other services: * A branch, banking centre or financial centre is a retail location where a bank or f inancial institution offers a wide array of face-to-face service to its customers. * ATM is a computerized telecommunications device that provides a financial institution's customers a method of financial transactions in a public space without the need for a human clerk or bank teller. Most banks now have more ATMs than branches, and ATMs are providing a wider range of services to a wider range of users.For example in Hong Kong, most ATMs enable anyone to deposit cash to any customer of the bank's account by feeding in the notes and entering the account number to be credited. Also, most ATMs enable card holders from other banks to get their account balance and withdraw cash, even if the card is issued by a foreign bank. * Mail is part of the postal system which itself is a system wherein written documents typically enclosed in envelopes, and also small packages containing other matter, are delivered to destinations around the world. This can be used to deposit cheques and to send or ders to the bank to pay money to third parties.Banks also normally use mail to deliver periodic account statements to customers. * Telephone banking is a service provided by a financial institution which allows its customers to perform transactions over the telephone. This normally includes bill payments for bills from major billers (e. g. for electricity). * Online banking is a term used for performing transactions, payments etc. over the Internet through a bank, credit union or building society's secure website. * Mobile banking is a method of using one's mobile phone to conduct simple banking transactions by remotely linking into a banking network. Video banking is a term used for performing banking transactions or professional banking consultations via a remote video and audio connection. Video banking can be performed via purpose built banking transaction machines (similar to an Automated teller machine), or via a videoconference enabled bank branch. TYPES OF INVESTMENT BANK * Investment banks â€Å"underwrite† (guarantee the sale of) stock and bond issues, trade for their own accounts, make markets, and advise corporations on capital market activities such as mergers and acquisitions. * Merchant banks were traditionally banks which engaged in trade finance.The modern definition, however, refers to banks which provide capital to firms in the form of shares rather than loans. Unlike venture capital firms, they tend not to invest in new companies. MORTGAGE BANKING Mortgage banking deals primarily with originating mortgage loans and servicing them. Read more about it here as well as about what a career in mortgage banking involves. Mortgage banking is meant for a single purpose, to service the real estate finance industry. Mortgage banking deals specifically with originating mortgage loans as well as servicing them.Mortgage banks are state-licensed entities from which consumers can get mortgage loans directly. Usually, mortgage banks avail funds from the Federal National Mortgage Association, or FNMA, also known as Fannie Mae, the Federal Home Loan Mortgage Corporation, or FHLMC, also known as Freddie Mac, or any other large companies that service mortgages, which are related to the secondary mortgage market. Here are a few pointers about the nitty-gritty of mortgage banking. * MORTGAGE BANK SPECIALIZE IN MORTGAGE LOANS: – Unlike a savings bank that is federally chartered, in general mortgage banks specialize in only providing mortgage loans.Hence, customers do not deposit their money in these banks. As has been mentioned above, the secondary wholesale market is their primary source of funds. Freddie Mac and Fannie Mae are examples of the lenders in the secondary market. * MORTGAGE BANKS DIFFER IN SIZE: – While some mortgage banks can be nationwide, others can originate a volume of loan that can exceed that of a commercial bank that is nationwide. Many of these mortgage banks utilize specialty servicers like Real T ime Resolutions to carry out tasks like fraud detection work and repurchase. MORTGAGE BANKS HAVE TO SOURCES OF RAVENUE: – The two main sources of income are from loan servicing fees (if they are into loan sevicing0, and fees from loan origination. Mortgage bankers, by and large, are choosing not to service the loans they have originated. That is because they are entitled to earn a service-released premium by selling them soon after the mortgage loans are closed and funded. The investor in the secondary market that purchases the loan has the ability of earning revenue for providing servicing of the loan every month the borrower keeps the loan. DEFFERENT BANKING LAW APPLY TO MARTGAGE BANK: – Mortgage banks usually operate under banking laws that are quite different, according to the state they operate in. You will need to check each individual state’s financial department or state banking in order to get list of mortgage bankers in each state. While federal laws a pply to the operation of a federal bank, in terms of consumer protection, usually consumers have additional rights, which are applicable according to each state. * MORTGAGE BANKERS CAN BE MORE COMPETITIVE: –Since they only specialize in lending and do not have to subsidize any of the losses that other departments may have incurred, as in regular banking, mortgage bankers have the ability of being really competitive when lending for mortgage. However, they usually do not have the advantage of accessing adjustable rate mortgages that are low cost, which federal banks are typically associated with, and federal money access. * A CAREER IN MORTGAGE BANKING: – Professionals in mortgage banking in the job market today need to have a college degree in business or finance, or some specific experience or training related to the field.Skills in good customer service, an inherent ability with numbers, and computer skills are also essential requirements for mortgage banking jobs. A mortgage banking professional’s job involves reviewing credit scores, determining the kind of loan that is most beneficial for the customer and guiding them through the process of application as well as closing. The loan officer has to be very organized and detail oriented, and need to be able to handle the large amounts of paperwork and reporting that are required for getting loans approved, up to the closing.A mortgage banking professional also has to have thorough know-how about the regulations associated with federal mortgage as well as the various types. KYN (KNOW YOUR CUSTOMER) As per KYC guideline the RBI has advised banks to follow KYC guidelines of RBI mandates banks to collect three proofs from their customers they are 1 Photograph 2 Proof of Identity 3 Proof of address Accordingly, Axis bank has framed its KYC procedure according to which, a photograph and documentary proof of personal identification and address proof are required t be provided.The account Opening form provides the nature of documents required / procedure to be followed for opening a new account. You may also log in to our website www. axisbank. com for such information which is displayed product-wise. ORGANIZATION STRUCTURE OF AXIS BANK SAVING ACCOUNT INFORMATION Definition: A deposit account at a bank or savings and loan which pays interest, but cannot be withdrawn by check writing. * TYPE OF SAVING ACCOUNT IN AXIS BANKING * * ZERO BALANCE SAVING ACCOUNT: – At Axis Bank it has been constant endeavor to create products specifically catering to your needs.The account while offering a whole range of services also addresses your latent need of having an account without the hassle of maintaining an average quarterly balance. * FEATURES: – 1. No Average Quarterly Balance requirement 2. Free International Debit Card with an Accidental Insurance cover up to Rs. 2 lakhs* (charges for the primary holder are waived) 3. Free mobile banking facility 4. Access through more than 825 branches and more than 3595 ATMs 5. At-Par cheque facility with the clearing limit of Rs 50,000 6. 24Ãâ€"7 Tele banking & Internet banking . Free quarterly statements 8. Free monthly e-statement * CONDITION APPLY: – 1. Initial funding of Rs. 5,500. 2. Account maintenance fee of Rs. 500 per annum * KRISHI SAVING ACCOUNT (KHETI HO KHUSHAHALI KI): – Axis Bank offers a unique savings account which is easy to operate and allows you to transact immediately. This product has been specially designed keeping in mind the unique requirements of a farmer and true to its nature has been called the Krishi Savings Account. Some of the features of our new product are: * AVERAGE BALANCE REQUIREMENT: –This account is offered with the requirement of maintaining the half-yearly average balance of Rs 1000 only. * INTERNATIONAL MASTER DEBIT CARD: – The Krishi Savings Account entitles you to an International Master Debit Card with which you can access your account an ytime through the Axis Bank ATM network free of cost. This card comes with a cash withdrawal limit of Rs 25,000 per day. Free Accident Insurance cover of Rs 2 lacks. * ANYWHERE BANKING: – Being a Krishi account holder, you are entitled to access our wide network of more than 825 branches and 3595 ATMs across 440 cities.You can now easily carry out your transactions through any of the branches or ATMs. * AT PER CHEQUE BOOK: – Your Krishi Savings Account comes with the At-Par Cheque facility. This facility enables you to en cash the cheques as local instruments at any of the 440 centers where the Bank has its presence, at no extra cost. Moreover, you can also issue cheques at other centers up to the limit of Rs 50,000. * EASSY ACCES SAVING ACCOUNT(BANKING MADE EASY): – * A :Accessibility * C :Convenience * C :Comfort * E :Earnings * S :Speed * S :Service Want a savings account that transcends geographical boundaries?Presenting, Axis Bank's Easy Access Savings Acco unt. The account is an endeavor by the Bank to understand the consumers' needs and redefine banking to suit your requirements for a truly comfortable banking experience. Easy Access Savings Account gives you instant access to your money anywhere, anytime. Possessing a range of unmatched features, it has been devised to better suit the convenience of our eclectic client base. You can avail of all these services with a minimum quarterly average balance of Rs. 5,000 in metro or urban centers, Rs. ,500 in semi urban centers and Rs. 1,000 in rural centers. * At-par cheque * ATM Network * Anywhere Banking * Tele banking * iConnect * Mobile Banking * Quarterly account statement * Quarterly interest @ 3. 5 % per annum * Free monthly e-statement. You can avail of all these services with a minimum quarterly average balance of Rs. 5,000 in metro or urban centers, Rs. 2,500 in semi urban centers and Rs. 1,000 in rural centers. * CORPORATE SALARY ACCOUNT: – Our Corporate Salary Power Offe ring is designed to offer payroll solutions through in a 24 X 7 environment.We leverage on our extensive network of distribution channels spread across 450 centers through a network of more than 827 branches and 3595 ATMs besides our superior service delivery model and product features, as a strong differentiator, to provide value to the end user. * BENEFIT TO EMPLOYERS: – * Efficient salary disbursal. Web Upload – Transfer salaries/reimbursements directly from your current account with Axis Bank to your employee's accounts using I Connect from your office. * Single-instruction salary credit – Same day salary credits for all companies having Corporate Account with Axis Bank.Dedicated Relationship Manager at metro locations to understand the financial requirements of your employees. * BENEFIT TO EMPLOYEES: – * No minimum balance criteria. * Unparalleled Access – Anywhere banking facility through our network of Branches, ATM and Internet banking faci lity. * AT Par cheque books payable locally at all Axis Bank locations. * International Debit cum ATM cards with enhanced Cash withdrawal facility and other value add ones. * Online Banking with funds transfer, online shopping and bill payment options. * Depository services with free online trading accounts. Meal Cards on a master card platform. * Employee Reimbursement accounts as a savings account variant. Preferential pricing on loan products and credit cards and other banking products ; services. CURRENT ACCOUNT INFORMATION * CHANNEL ONE: (FOR SUCCESSFUL BUSINESSES) The ‘Channel One’ Current Account is an effort in that direction where we take care of your day to day banking requirements leaving you with more time for your business. Channel One Current Account is most appropriate choice of successful businesses. At a monthly Average Balance (MAB) of Rs. 10 lacks. FEATURES: 1.Relationship Manager 2. Doorstep Banking 3. Anywhere Banking 4. Free Internet Banking 5. Fre e 24 hour Tele banking 6. Mobile Banking Service 7. International debit card 8. cheque Protection Facility 9. Free 24 – hour cheque deposit facility 10. Payment of Government Taxes/ Dues 11. Foreign exchange services. * ZERO HASSLE BALANCE Small businesses rising on the growth graph need the right of nurturing and appropriate solution for their growing banking requirements. Recognizing these needs, Axis Bank present you the Local Current Account geared to answer all kinds of local business requirements.At a monthly Average Balance (MAB) of Rs. Nil. FEATURES: 1. Zero Balance facility 2. 75 free transactions every month 3. Rebate on Annual Charges 4. Up front Annual Fee 5. Mobile Banking 6. ATM cum International Debit Card 7. Free Internet Banking 8. Tele banking 9. Free Monthly Account Statement * BUILDERS AND REAL ESTATE Axis Bank understands the increasing demands on businesses in this segment . Here’s presenting the Axis Bank Builder ; Real Estate Current Account a c urrent account with unparalleled product features built to suit Builders ; Realtors exclusively.This account offers you unmatched convenience while adding financial value to your businesses spread over geographies. . At a monthly Average Balance (MAB) of Rs. 5 Lacks this account comes loaded with special facilities and benefits, most appropriate for your business. FEATURES: 1. Home Branch Cash Deposit 2. Non – Home Branch Cash Withdrawal 3. Free Anywhere Banking 4. Cluster facility 5. Zero Balance account for Vendors and Suppliers 6. Franking Facility 7. Customer cheque printing 8. Internet Banking 9. Free 24-hour Phone banking 0. Mobile Alerts 11. ATM cum Debit Card 12. Free Monthly Account Statement TRAINING AND WHOLE BANKING OPERATIONS * CORPORATES Corporate Banking reflects Axis Bank's strengths in providing our corporate clients in India, a wide array of commercial, transactional and electronic banking products. We achieve this through innovative product development and a well-integrated approach to relationship management. * Funded Services: Working Capital Finance, Bill Discounting, Export Credit, Short Term Finance, Structured Finance, Term Lending. Non Funded Services: Letter of Credit, Collection of Documents, Bank Guarantees. * Value Added Services: Syndication Services , Real Time Gross Settlement, Cash Management Services, Corporate Salary Accounts, Reimbursement Account, Bankers to Right/Public Issue, Forex Desk, Money Market Desk, Derivatives Desk, Employees Trusts, Cash Surplus Corporate, Tax Collection. * Internet Banking: Supply Chain Management, Corporate Internet Banking. SMALL AND MEDIUM ENTERPRISES At Axis Bank we understand how much of hard work goes into establishing a successful SME.We also understand that your business is anything but â€Å"small† and as demanding as ever. And as your business expands and enters new territories and markets, you need to keep pace with the growing requests that come in, which may lead to purchasing new, or updating existing plant and equipment, or employing new staff to cope with the demand. That's why we at Axis Bank have assembled products, services, resources and expert advice to help ensure that your business excels.Solutions are designed to meet your varying needs. The following links will help you identify your individual needs. Funded Services: Funded Services from Axis Bank are meant to directly bolster the day-to-day working of a small and a medium business enterprise. From working capital finance to credit substitutes; from export credit to construction equipment loan we cater to virtually every business requirement of an SME. Click on the services below that best define your needs Non-Funded Services: Under Non-Funded services Axis Bank offers solutions that act as a catalyst to propel your business.Imagine a situation where you have a letter of credit and need finance against the same or you have a tender and you need to equip yourself with a guarantee i n order to go ahead. This is exactly where we can help you so that you don't face any roadblocks when it comes to your business. The following are the services that will precisely tell you what we can do Business Accounts, Letters of Credit, Collection of Documents, Axis Bank Trade, Guarantees, Cash Management Services, Money Market Desk, Derivatives Desk, Services to Cash Surplus Corporate, Services to Employee Trusts, Bankers to Rights/Public Issue, Tax Collection.Specialized Services: Axis Bank is one of the most trusted entities when it comes to specialized services like selling of precious metals to customers. Under specialized services you can also avail customized control of your value chain through our internet banking platform. Value Added Services: There is a plethora of services that we offer under value added services. There's corporate salary account which ensures smooth payment methods to your staff. You can avail an assortment of credit cards and debit cards from our merchant services.The following are the highlights of this service: Real Time Gross Settlement, Reimbursement Account, Custody Services, Corporate Salary Accounts, Merchant Services, Axis Bank Gold Business Credit Card. Internet Banking: Internet banking is a revolutionary service under the banking sector and Axis Bank is a forerunner in providing you with this service. We provide state-of-the-art payment gateway services to industries and companies in order to ease transaction processing. This in turn enhances the credibility of your business and makes banking extremely cost-efficient.GOVERNMENT SECTOR: Axis Bank acts as an active medium between the government and the customers by means of various services. These services include : * Tax Collection wherein customers can directly pay their taxes like Direct taxes, Indirect taxes and Sales Tax collections at their local Axis Bank * E-Ticketing – Helps the customer by providing him a direct access to book a Railway Ticket onli ne and get it home delivered * * Opening of L/C's is done by the bank on behalf of Government of India, Mints and Presses, thus facilitating imports for the Government. Collection of levies and taxes on behalf of Municipal Corporations i. e. Kalyan -Dombivli Municipal Corporation, is undertaken by the Bank. * Disbursement of Pension to retired Employees of Central Govt and Defense is directly done by Axis Bank along with the disbursement of pension to the members of EPFO (Employees Provident Fund Organization) * Electronic Collection of fees on behalf of DGFT is done by the bank too * Ministry of Corporate Affairs – Collection of ROC fees for the Ministry through authorized Branches and Net Banking.Collection of Property Tax through Selected Branches on behalf of Municipal Corporation of Delhi. FINDINGS AND SUGGESTIONS * FINDINGS: – 1. Bank is having 853 branches all over the country. 2. The number of branches should be increased. * SUGGESTIONS:- 1. Number of Branches should be increased covering a wider area in various states. 2. A wide publicity to be given about the organization and its products through various means of communications to keep growth moments. 3. More number of training and educational programmers’ should be included in Banks schedule. . Developing a learning culture through continuous learning process. COMPETETIORS * ICICI Bank Ltd. * HDFC Bank Ltd. * State Bank of India * HSBC Bank * RBS (Royal Bank of Scotland) * Maharashtra Bank of India * Canara Bank * Andhra Bank * IDBI bank * Bank of India * Punjab National Bank * Central Bank * Allahabad Bank * ING Vysya * Centurion Bank CONCLUSION Axis bank has developed manifold in short period of time due to facilities and services provided to their customer and this growth rate can be keep it up if they start to go in semi-urban areas.In last couple of years they have opened new many branches and they should open many more. The working staffs are very co-operative in nature an d due to that the bank will also get good benefit. Axis Bank has provided their customer Net-banking facilities and due to that transactions are done fast. Charges at Axis Bank are on lower side when we compare it with other Banks BIBLIOGRAPHY SR. NO. | REFERENCE| 1| * A New Beginning : The Turnaround Story Of Indian Bank| 2| * Bank Marketing : Concepts And Applications| | Banking And Finance| 4| Banking Developments in India| 5| Basics of Banking| 6| Bank leaflet and Boucher| 7| Internet| CONTENTS * INTRODUCTION TO AXIS BANK * HISTORY OF AXIS BANK * MANAGEMENT OF AXIS BANK * DEFINITION OF BANK * PRODUCT OF AXIS BANK * CUSTOMER SERVICE IN BANKING OPERATION * TRADITIONAL BANKING ACTIVITIES * ACCOUNTIG FOR BANK ACCOUNT * ECONOMIC FUNCTION * BANKING CHANNELS * TYPES OF INVESTMENT BANK * MORTGAGE BANKING * ORGANISATION STRUCTURE * FINDINGS AND SUGGETIONS * COMPETETIORS * CONCLUSION * BIBLIOGRAPHY