The Rich Get Richer and the Poor Get Prison

The Rich Get Richer and the Poor Get Prison JEFFREY H. REIMAN American University or a similar criminal conduct, the poor are bound to be captured; whenever captured, they are bound to be charged; whenever charged, bound to be indicted; whenever sentenced, bound to be condemned to jail; and whenever condemned, bound to be given longer jail terms than individuals from the center and high societies. 1 as such, the picture of the criminal populace one finds in our nation’s correctional facilities and penitentiaries is contorted by the state of the criminal equity framework itself.It is the essence of malice reflected in a festival reflect, yet it is a serious issue. F The face in the criminal equity jamboree reflect is additionally †¦ every now and again dark face. In spite of the fact that blacks don't make up most of the detainees in our correctional facilities and penitentiaries, they make up an extent that far surpasses their extent in the populace. 2 Here, as well, the picture we see is contorted by the procedures of the criminal equity framework itself.Edwin Sutherland and Donald Cressey write in their broadly utilized course reading Criminology that Numerous examinations have demonstrated that African-Americans are bound to be captured, prosecuted, indicted, and perpetrated to an organization than are whites who carry out similar offenses, and numerous different investigations have indicated that blacks have a more unfortunate possibility than whites to get probation, a suspended sentence, parole, substitution of a capital punishment, or absolution. 3 Curiously enough, insights on differential treatment of races are accessible in more noteworthy plenitude than are measurements on differential treatment of financial classes.For occurrence, despite the fact that the FBI organizes capture rates by race (just as by sex, age, and topographical zone), it overlooks class or salary. Additionally, both the President’s Crime Commission Report and S utherland and Cressey’s Criminology have list passages for race or racial separation however none for class or pay of wrongdoers. Doubtlessly both autonomous and government information finders are all the more ready to take ownership of America’s prejudice than to its group inclination. In any case, it doesn't pay to take a gander at these as two free types of bias.It is my view that, in any event undoubtedly, prejudice is essentially one ground-breaking type of financial predisposition. I use proof on differential treatment of blacks as proof of differential treatment of individuals from the lower classes. There are five reasons: 1. Most importantly, dark Americans are lopsidedly poor. In 1995, while one out of each eight white Americans got pay beneath the neediness line, three out of each ten dark Americans did. The image is much more dreadful when we move from pay to riches (property, for example, a home, land, stocks): In 1991, dark family units claimed one-tenth the middle total assets of white families. 5 Unemployment figures give an also bleak picture: In 1995, 4. 9 percent of white specialists were jobless and 10. 4 percent of blacks were. Among those in the wrongdoing inclined ages of 16 to 24, 15. 6 percent of white adolescents (with no school) and 34. 0 (more than one of each three) dark youths (with no school) were jobless. 6 2.The factors well on the way to keep one in the clear with the law and out of jail, for example, a rural lounge rather than an apartment back street to bet in or lawful direction ready to dedicate time to one’s case rather than an overburdened open protector, are the sorts of things that cash can purchase paying little mind to one’s race, doctrine, or national starting point. For instance, as we will see, captures of blacks for unlawful medication ownership or managing have sky-Reiman, Jeffrey, THE RICH GET RICHER AND THE POOR GET PRISON: Ideology, Class and Criminal Justice, fifth Edition,  © 1 998, pp. 01â€148. Adjusted by consent of Pearson Education, Inc. , Upper Saddle River, NJ. 1 2 The Rich Get Richer and the Poor Get Prison soared as of late, rising way messed up with regards to sedate captures for whites†however research shows no more noteworthy medication use among blacks than among whites. Notwithstanding, medicate captures are most effortlessly made in â€Å"disorganized internal city† regions, where sedate deals are bound to occur out of entryways, and vendors are additionally ready to offer to outsiders. Blacks are (proportionately) almost certain than whites to live in such downtown territories nd in this manner more probable than whites to be captured on tranquilize charges. 7 But one significant explanation that blacks are more probable than whites to live in confused downtown territories is that a more prominent level of blacks than whites are poor and jobless. What may from the start resemble a clear racial uniqueness ends up reflecting fin ancial status. 3. Blacks who venture to every part of the full course of the criminal equity framework and end up in prison or jail are close in financial condition to whites who do.In 1978, 53 percent of dark prison detainees had pre-capture salaries beneath $3,000, contrasted and 44 percent of whites. 8 1983, the middle pre-capture salary of dark prison detainees was $4,067 and that of white prison prisoners was $6,312. About portion of blacks in prison were jobless before capture and 44 percent of whites were. 9 In 1991, 30 percent of whites in the jail populace and 38 percent of blacks detailed full-or low maintenance work during the month prior to their capture. 10 4.Some examinations recommend that race attempts to elevate the impacts of financial condition on criminal equity results, so that â€Å"being jobless and dark considerably increase[s] the odds of detainment over those related with being either jobless or dark. †11 This implies prejudice will create a sort of specific financial inclination, making a specific portion of the jobless much bound to wind up in the slammer. 5. At last, it is my conviction that the financial forces that be in America have adequate capacity to end or radically decrease supremacist predisposition in the criminal equity system.To the degree that they permit it to exist, it isn't irrational to expect that it advances their monetary advantages. For every one of these reasons, prejudice will be treated here as either a type of financial predisposition or an instrument that accomplishes a similar end. In the rest of this [selection], I show how the criminal equity framework capacities to get rid of the rich (which means both center and high society guilty parties) at each phase of the procedure and along these lines creates a contorted picture of the wrongdoing issue. Prior to going into this conversation, three focuses are important: First, it isn't my view that the poor are generally blameless casualties mistreated by the malice rich.The poor do perpetrate violations, and my own supposition that will be that by far most of poor people who are restricted in our detainment facilities are liable of the wrongdoings for which they were condemned. Also, there is acceptable proof that the poor do perpetrate a more prominent bit of the violations against individual and property recorded in the FBI Index than the center and privileged societies do, comparative with their numbers in the national populace. What I have just attempted to demonstrate is that the violations in the FBI Index are by all account not the only demonstrations that undermine us nor are they the demonstrations that compromise us the most.What I will attempt to demonstrate in what follows is that the poor are captured and rebuffed by the criminal equity framework substantially more much of the time than their commitment to the wrongdoing issue would warrantâ€thus the hoodlums who populate our detainment facilities just as the publ ic’s creative mind are lopsidedly poor. Second, the accompanying conversation has been partitioned into three segments that compare to the significant criminal equity choice focuses. †¦ As usual, such arrangements are somewhat neater than the real world, thus they ought not be taken as unbending compartments. Huge numbers of the contorting forms work at all criminal equity choice points.So, for instance, while I will principally talk about the light-gave treatment of office lawbreakers in the area on charging and condemning, it is additionally evident that professional crooks are more averse to be captured or sentenced than are manual hoodlums. The segment wherein a given issue is dealt with is an impression of the point in the criminal equity process at which the incongruities are the most striking. Do the trick it to state, in any case, that the inconsistencies between the treatment of poor people and the nonpoor are to be found at all purposes of the process.Third, it must be borne at the top of the priority list that the development from capture to condemning is a piping procedure, with the goal that segregation that happens at any beginning time shapes the populace that arrives at later The Rich Get Richer and the Poor Get Prison 3 phases. Along these lines, for instance, some ongoing investigations discover minimal monetary predisposition in sentence length for individuals indicted for comparative violations. 12 When perusing such examinations, one ought to recollect that the populace that arrives at the purpose of condemning has just been dependent upon whatever separation exists at prior stages.If, for instance, among individuals with comparable offenses and records, destitute individuals are bound to be charged and bound to be indicted, at that point regardless of whether the condemning of sentenced lawbreakers is fair, it will imitate the segregation that happened previously. utilizing both official and self-detailed information recommend s †¦ that there is no unavoidable connection between SES [socioeconomic status] and wrongdoing. †15 This end is reverberated by Jensen and Thompson, who contend that The most secure onclusion concerning class structure and misconduct is a similar one that has been proposed for a very long while: class, regardless of how characterized, contributes little to clarifying variety of self-reports of basic wrongdoing. 16 Others infer that while lower-class people do carry out too much of wrongdoing, capture records exaggerate their share and downplay that of the center and privileged societies. 17 Still different examinations propose that a few types of genuine crime†shapes for the most part connected with lower-class youth�

Four HR Questions Essay Example | Topics and Well Written Essays - 2000 words

Four HR Questions - Essay Example Notwithstanding, note that the choices taken under specific circumstance may not hold useful for all circumstances, in certainty they may give negative outcomes under various conditions. This suggests powerful authority calls for reliably settling on circumstance based choices. From writing, situational administration advocates for more noteworthy support of representative in dynamic on the reason that the more workers take part in dynamic the more they will acknowledge the choices taken. It with this line of imagined that Vroom and Yetton (1973) proposed a Situational authority model called the standardizing choice model. The standardizing model distinguishes five distinctive choice systems that run on the circumstance and level of association from imperious to consultative to aggregate based choices. Despite the fact that, situational administration advocates for more noteworthy representative interest, Vroom and Yetton (1973) distinguished that not all dynamic circumstances ne ed to experience the procedure of conference. To empower pioneers seclude the examples where dynamic would require interview from those where discussions would include little worth, Vroom and Yetton (1973) planned seven inquiries which pioneers can use to decide the degree of subordinate association in dynamic. The seven inquiries address issue data, duty, and choice quality and acknowledgment. Putting Vroom and Yetton (1973) regulating model to utilize it very well may be found that conference would be an exercise in futility in the accompanying conditions: (1) where the pioneer has adequate data to settle on an excellent choice and acknowledgment of the choice by subordinates isn't basic for its usage; (2) where neither the idea of the arrangement nor the acknowledgment of the choice by subordinates is basic to the execution of the choice; (3) where the idea of the arrangement isn't basic and whatever the pioneer concludes it is sensibly sure that his/her subordinates would ackn owledge; (4) where the idea of the arrangement is basic however the pioneer has adequate data to settle on a great choice. In this example despite the fact that the acknowledgment of the choice by subordinates would be basic to its execution, if the pioneer is sensible sure that he/she has adequate impact over his/her subordinates to the degree that they would unquestionably acknowledge his/her choice then interviews would be an exercise in futility. All in all, to empower compelling dynamic a pioneer would discover utilizing Vroom and Yetton (1973) seven inquiries and standardizing model a basic apparatus that will spare him/her time, exertion and probability of progress for the choices that he/she takes. Recognize the potential contrast in human asset the executives (HRM) strategies between two associations where one follows a minimal effort methodology and the different follows a separated, quality upgrade

Economic downturn hits Oz Clothing Essay Example | Topics and Well Written Essays - 3500 words

Monetary downturn hits Oz Clothing - Essay Example Sooner rather than later, there are additionally signs that the administration will give further strengthening to worker's guilds, for example, the CWU considering its recently organized Industrial Relations approach. Monetary †The worldwide economy is encountering a basic downturn, bringing about the wiping out of requests by huge retailers who are thusly influenced by poor shopper request. The significant expense structure of the firm, especially its work, is rendering the firm uncompetitive against rival firms working in systems that permit them a lower cost structure. The Australian articles of clothing industry will be unable to make sure about extra bailout assets from the legislature as it has just discharged a lot of financing for this reason, and is itself somewhere down in open obligation which it may not wish to increment further. Social †The Australian Council of Trade Unions intends to mount a crusade to â€Å"buy local† which might be participate by oth er non-administrative associations and particular vested parties. A definitive goal is obviously to make a wide based, society-wide interest for neighborhood items with the goal for request to help increasingly gainful business activities for Australian firms. To kick off the procedure, notwithstanding, the underlying target is to make sure about the dedication of administrative, state and nearby governments to offer inclination to items that have been made in Australia. Mechanical †The industry’s creation technique is low-talented and work concentrated, for which reason it is inclined to simple replication in nations that have a huge work base that can order a lower work cost. Such a nation is China, which has effectively mass... The paper tells that the matter of Oz apparel has entered a time of monetary vulnerability, requiring the requirement for a vital change so as to endure. The Australian firm makes apparel things among which are clothing lines it portrays as item type, showing the absence of recognizing qualities or brand name from different mass created, essential garments wear. Oz Clothing will embrace a strong, unsafe, yet over the long haul vital, key change that vows to make transient vulnerabilities for the organization, however more noteworthy steadiness and development in the removed future. A move of market center may demonstrate advantageous; it is proposed that the firm structure items for the senior customers (50 years of age or more), which is the quickest developing and most affluent fragment of society. The change will include emotional adjustments in the firm’s items, for which its old assembling procedures may not, at this point be appropriate. An adjustment in the abilities se t required will along these lines must be obtained by the workers, for which preparing and coaching should be finished. Furthermore, the firm should make an obligation of trust among itself and its representatives, and direct business in a straightforward path with its workers, on the off chance that there will be a need to draw in them to consent to a compensation decrease or shorter work week for the length of the emergency. Moreover, so as to evade demotivation or worker's organization debates, it will be important to honestly move toward the matter of potential cutbacks and work stoppages if such will be justified by the firm’s money related circumstance.

About idbi bank - Free Essay Example

CHAPTER- I 1.1 Title of the study 1.2 Scope of the study 1.3 Objective of the study 1.4 Significance of study 1.5 Researcher methodology 1.1 Title of the study:- A survey on banking products, customer satisfaction awareness of IDBI Bank 1.2 Scope Importance of the Study Each and every project study along with its certain objectives also have scope for future. And this scope in future gives to new researches a new need to research a new project with a new scope. Scope of the study not only consist one or two future business plan but sometime it also gives idea about a new business which becomes much more profitable for the researches then the older one. Scope of the study could give the projected scenario for a new observed in my project are not exactly having all the features of the scope which I described above but also not lacking all the features. @ Research study could give an idea of network expansion for capturing more market and customer with better services and lower cost, with out compromising with quality. @ In future customer requirements could be added with the product and services for getting an edge over competitors. @ Consumer behavior could also be used for the purpose of launching a new product with extra benefits which are required by customers for their account (saving or current ) and/or for their investments. @ Factors which are responsible for the performance for bank can also be used for the modification of the strategy and product for being more profitable. 1.3 Objectives of the study:- To know the customer needs and expectations. To find out the factors which customer take into consideration in opening a account To know that up to what extent a customer is satisfied with the bank To know the customer complaints and their redressal 1.4 Significance of the study:- Every research is conducted to fulfill certain objectives and these objective in turn fulfill some purpose and are of significance for one or more then one party these research is significant for:- To the Researcher:- This study provides the researcher a practical insight of various activities and function of the bank The researcher will also be able to develop on in depth knowledge of banking sector The study is also required for the partial fulfillment of the requirement for the degree of MBA as per the curriculum To the Bank:- The study would help IDBI Bank to know the customers attitude (about awareness and satisfaction level) towards its various products. 1.5 Research Methodology:- 1) Type of Research Research is descriptive in nature 2) Universe Customer of IDBI Bank in New Delhi 3) Sampling Unit Existing customer of IDBI Bank 4) Sampling Technique Convenience method of sampling was used 5) Sample Size 200 respondents 6) Data Type Primary secondary data PRIMARY DATA The Primary data are those which are collected afresh and for the first time, and thus happen to be original in character. SECONDARY DATA The secondary data are those which have already been collected by someone else and which have already been passed through the statistical process. CHAPTER II 2.1 Industry Introduction 2.2 Introduction to IDBI bank: All about 2.3 Management Organization 2.4 IDBI bank business chart 2.5 IDBI bank organizational chart 2.6 Product Services 2.7 Subsidiaries of IDBI 2.8 Review of literature 2.1Industry introduction The Indian Banking industry, which is governed by the Banking Regulation Act of India, 1949 can be broadly classified into two major categories, non- scheduled banks and scheduled banks. Scheduled banks comprise commercial banks and the co-operative banks. In terms of ownership, commercial banks can be further grouped into nationalized banks, the State Bank of India and its group banks, regional rural banks and private sector banks (the old/ new domestic and foreign). These banks have over 67,000 branches spread across the country in every city and villages of all nook and corners of the land. The first phase of financial reforms resulted in the nationalization of 14 major banks in 1969 and resulted in a shift from Class banking to Mass banking. This in turn resulted in a significant growth in the geographical coverage of banks. Every bank had to earmark a minimum percentage of their loan portfolio to sectors identified as priority sectors. The manufacturing sector also grew during the 1970s in protected environs and the banking sector was a critical source. The next wave of reforms saw the nationalization of 6 more commercial banks in 1980. Since then the number of scheduled commercial banks increased four-fold and the foreign banks (numbering42), regional rural banks and other scheduled commercial banks accounted for 5.7 percent, 3.9 percent and 12.2 percent respectively in deposits and 8.41 percent, 3.14 percent and number of bank branches increased eight-fold. And that was not the limit of growth. After the second phase of financial sector reforms and liberalization of the sector in the early nineties, the Public Sector Banks (PSB) s found it extremely difficult to compete with the new private sector banks and the foreign banks. The new private sector banks first made their appearance after the guidelines permitting them were issued in January 1993. Eight new private sector banks are presently in operation. These banks due to their late start have access to state-of-the-art technology, which in turn helps them to save on manpower costs. During the year 2000, the State Bank Of India (SBI) and its 7 associates accounted for a 25 percent share in deposits and 28.1 percent share in credit. The 20 nationalized banks accounted for 53.2 percent of the deposits and 47.5 percent of credit during the same period. Current Scenario: The industry is currently in a transition phase. On the one hand, the PSBs, which are the mainstay of the Indian Banking system are in the process of shedding their flab in terms of excessive manpower, excessive non Performing Assets (Npas) and excessive governmental equity, while on the other hand the private sector banks are consolidating themselves through mergers and acquisitions. PSBs, which currently account for more than 78 percent of total banking industry assets are saddled with NPAs (a mind-boggling Rs 830 billion in 2000), falling revenues from traditional sources, lack of modern technology and a massive workforce while the new private sector banks are forging ahead and rewriting the traditional banking business model by way of their sheer innovation and service. The PSBs are of course currently working out challenging strategies even as 20 percent of their massive employee strength has dwindled in the wake of the successful Voluntary Retirement Schemes (VRS) schemes. The private players however cannot match the PSBs great reach, great size and access to low cost deposits. Therefore one of the means for them to combat the PSBs has been through the merger and acquisition (M A) route. Over the last two years, the industry has witnessed several such instances. For instance, HDFC Banks merger with Times Bank Icici Banks acquisition of ITC Classic, Anagram Finance and Bank of Madurai. Centurion Bank, Indusind Bank, Bank of Punjab, Vysya Bank are said to be on the lookout. The UTI bank- Global Trust Bank merger however opened a pandoras box and brought about the realization that all was not well in the functioning of many of the private sector banks. Private sector Banks have pioneered internet banking, phone banking, anywhere banking, mobile banking, debit cards, Automatic Teller Machines (ATMs) and combined various other services and integrated them into the mainstream banking arena, while the PSBs are still grappling with disgruntled employees in the aftermath of successful VRS schemes. Also, following Indias commitment to the W To agreement in respect of the services sector, foreign banks, including both new and the existing ones, have been permitted to open up to 12 branches a year with effect from 1998-99 as against the earlier stipulation of 8 branches. Tasks of government diluting their equity from 51 percent to 33 percent in November 2000 has also opened up a new opportunity for the takeover of even the PSBs. The FDI rules being more rationalized in Q1FY02 may also pave the way for foreign banks taking the M A route to acquire willing Indian partners. Meanwhile the economic and corporate sector slowdown has led to an increasing number of banks focusing on the retail segment. Many of them are also entering the new vistas of Insurance. Banks with their phenomenal reach and a regular interface with the retail investor are the best placed to enter into the insurance sector. Banks in India have been allowed to provide fee-based insurance services without risk participation, invest in an insurance company for providing infrastructure and services support and set up of a separate joint- venture insurance company with risk participation. Aggregate Performance of the Banking Industry Aggregate deposits of scheduled commercial banks increased at a compounded annual average growth rate (Cagr) of 17.8 percent during 1969- 99, while bank credit expanded at a Cagr of 16.3 percent per annum. Banks investments in government and other approved securities recorded a Cagr of 18.8 percent per annum during the same period. In FY01 the economic slowdown resulted in a Gross Domestic Product (GDP) growth of only 6.0 percent as against the previous years 6.4 percent. The WPI Index (a measure of inflation) increased by 7.1 percent as against 3.3 percent in FY00. Similarly, money supply (M3) grew by around 16.2 percent as against 14.6 percent a year ago. The growth in aggregate deposits of the scheduled commercial banks at 15.4 percent in FY01 percent was lower than that of 19.3 percent in the previous year, while the growth in credit by SCBs slowed down to 15.6 percent in FY01 against 23 percent a year ago. The industrial slowdown also affected the earnings of listed banks. The net profits of 20 listed banks dropped by 34.43 percent in the quarter ended March 2001. Net profits grew by 40.75 percent in the first quarter of 2000- 2001, but dropped to 4.56 percent in the fourth quarter of 20002001. On the Capital Adequacy Ratio (CAR) front while most banks managed to fulfill the norms, it was a feat achieved with its own share of difficulties. The CAR, which at present is 9.0 percent, is likely to be hiked to 12.0 percent by the year 2004 based on the Basle Committee recommendations. Any bank that wishes to grow its assets needs to also shore up its capital at the same time so that its capital as a percentage of the risk-weighted assets is maintained at the stipulated rate. While the IPO route was a much-fancied one in the early 90s, the current scenario doesnt look too attractive for bank majors. Consequently, banks have been forced to explore other avenues to shore up their capital base. While some are wooing foreign partners to add to the capital others are employing the M A route. Many are also going in for right issues at prices considerably lower than the market prices to woo the investors. Interest Rate Scene The two years, post the East Asian crises in 1997-98 saw a climb in the global interest rates. It was only in the later half of FY01 that the US Fed cut interest rates. India has however remained more or less insulated. The past 2 years in our country was characterized by a mounting intention of the Reserve Bank Of India (RBI) to steadily reduce interest rates resulting in a narrowing differential between global and domestic rates. The RBI has been affecting bank rate and CRR cuts at regular intervals to improve liquidity and reduce rates. The only exception was in July 2000 when the RBI increased the Cash Reserve Ratio (CRR) to stem the fall in the rupee against the dollar. The steady fall in the interest rates resulted in squeezed margins for the banks in general. Governmental Policy: After the first phase and second phase of financial reforms, in the 1980s commercial banks began to function in a highly regulated environment, with administered interest rate structure, quantitative restrictions on credit flows, high reserve requirements and reservation of a significant proportion of lendable resources for the priority and the government sectors. The restrictive regulatory norms led to the credit rationing for the private sector and the interest rate controls led to the unproductive use of credit and low levels of investment and growth. The resultant financial repression led to decline in productivity and efficiency and erosion of profitability of the banking sector in general. This was when the need to develop a sound commercial banking system was felt. This was worked out mainly with the help of the recommendations of the Committee on the Financial System (Chairman: Shri M. Narasimham), 1991. The resultant financial sector reforms called for interest rate flexibility for banks, reduction in reserve requirements, and a number of structural measures. Interest rates have thus been steadily deregulated in the past few years with banks being free to fix their Prime Lending Rates(PLRs) and deposit rates for most banking products. Credit market reforms included introduction of new instruments of credit, changes in the credit delivery system and integration of functional roles of diverse players, such as, banks, financial institutions and non-banking financial companies (Nbfcs). Domestic Private Sector Banks were allowed to be set up, PSBs were allowed to access the markets to shore up their Cars. Implications Of Some Recent Policy Measures: The allowing of PSBs to shed manpower and dilution of equity are moves that will lend greater autonomy to the industry. In order to lend more depth to the capital markets the RBI had in November 2000 also changed the capital market exposure norms from 5 percent of banks incremental deposits of the previous year to 5 percent of the banks total domestic credit in the previous year. But this move did not have the desired effect, as in, while most banks kept away almost completely from the capital markets, a few private sector banks went overboard and exceeded limits and indulged in dubious stock market deals. The chances of seeing banks making a comeback to the stock markets are therefore quite unlikely in the near future. The move to increase Foreign Direct Investment FDI limits to 49 percent from 20 percent during the first quarter of this fiscal came as a welcome announcement to foreign players wanting to get a foot hold in the Indian Markets by investing in willing Indian partners who are starved of net worth to meet CAR norms. Ceiling for FII investment in companies was also increased from 24.0 percent to 49.0 percent and have been included within the ambit of FDI investment. IDBI bank: all about The economic development of any country depends on the extent to which its financial system efficiently and effectively mobilizes and allocates resources. There are a number of banks and financial institutions that perform this function; one of them is the development bank. Development banks are unique financial institutions that perform the special task of fostering the development of a nation, generally not undertaken by other banks. Development banks are financial agencies that provide medium-and long- term financial assistance and act as catalytic agents in promoting balanced development of the country. They are engaged in promotion and development of industry, agriculture, and other key sectors. They also provide development services that can aid in the accelerated growth of an economy. The objectives of development banks are: @ To serve as an agent of development in various sectors, viz. industry, agriculture, and international trade @ To accelerate the growth of the economy @ To allocate resources to high priority areas @ To foster rapid industrialization, particularly in the private sector, so as to provide employment opportunities as well as higher production @ To develop entrepreneurial skills @ To promote the development of rural areas @ To finance housing, small scale industries, infrastructure, and social utilities. 2.2 Introduction to the Bank IDBI the tenth largest development bank in the world has promoted world class institutions in India. A few of such institution built by IDBI are the National Stock Holding Corp. (NSE), the National Securities Depository Services Ltd.( NSDL ) Stock Holding Corp. of India (SHICL) etc. IDBI is a strategic investor in a plethora of institutions, which have revolutionized the Indian Financial Markets. IDBI promoted IDBI BANK to mark the formal foray of the Idbi group into commercial Banking. Idbi Bank, which began with an equity capital base of Rs. 1000 million (Rs.800 million contribute by IDBI and Rs. 200 millions by SIDBI), commenced its first branch at Indore in November 1995. The birth of Idbi bank took place after RBI issued guidelines for entry of new private sector banks in January 93. Subsequently, IDBI as promoters sought permission to establish a commercial bank and retained KPMG a management consultant of international repute to prepare the principle approval to establish Idbi bank on February 11th 1994 thereafter the bank was incorporated at Gwalior under companies act on 15th September 1994 with its registered office at Indore. The Certificate of Commencement of Business was received on 2nd December 1994. Banks registered office is in Indore and Head Office in Mumbai. One of the reason for the growth of Indian banks like ICICI and IDBI is that they have been allowed freedom to open any no. of branches in a particular city or suburb. They have also been given the freedom to open ATMs unlike in both cases the foreign banks who have been restricted in both of these areas. 2.3 Management Organisation IDBI Bank is a Board-managed organisation. The responsibility for the day-to-day management of operations of the Bank is vested with the Chairman Managing Director and two Deputy Managing Directors, who draw upon the support and expertise of a cross- disciplinary Top Management Team. As on March 31, 2008, IDBI Bank had a combined employee base of 8989, including professionals from the fields of accountancy, management, engineering, law, computer technology, banking and economics. Mr. Yogesh Agarwal, Chairman Managing Director Mr. Jitender Balakrishnan, Mr. O.V. Bundellu, (Deputy Managing Director) (Deputy Managing Director) OTHER BOARD OF DIRECTORS 2.4 IDBI Bank business chart 2.5 IDBI bank organizational chart 2.6 Products Services Free services Following services are provided to every type of A/C holder in general- ATMs : Besides cash withdrawals, some of the important things that you can do through the International Debit cum ATM card are : Balance Enquiry Statement Request Cheque-book Request Mini statements Cheque and Cash Deposits International usage Make purchases at 51,000 merchant establishments in India and over 10 million worldwide. Fabulous discounts and great deals at various establishments Internet Banking: Internet Banking gives you the power to access your bank account from your Personal Computer. Some of the important features of Internet Banking are : Account Balance Inquiry Transaction tracking and history Cheque status inquiry Funds transfer facilities to Own-account or third-parties Cheque book Requests Stop payment Requests FD renewal Requests Phone Banking: Just pick up your phone and access your account. The following features are available through Phone Banking : Available round the clock 24*7*365 Current Balance Inquiry Last 5 transactions inquiry Statement by fax fax-back, fax to another number, fax to registerednumber, Statement by mail Cheque status enquiry Cheque book request Balance as of a particular date Mobile Banking: The unique feature is that this facility is available across all mobile service providers. Balance enquiry Details of Last three transactions Cheque payment status Cheque book request Statement request Other services Sunday Banking Some of our branches are also open on Sundays that gives you an opportunity to complete all your banking requirements at your convenience. Locker Our branches provide lockers facility at nominal charges Who can open Account? Resident Individuals, Minors, Hindu Undivided Family (HUF), Trusts, Associations, Clubs, Societies, Foreign National residing in India can open a/c. Documents required for Account Opening: Account opening form Latest passport size photograph Self cheque or cash deposit Copy of passport In the absence of passport copy, copy of one document each from List A and List B is required: List A Voters ID card * Defense services Id/ Government ID Driving License * PAN card Photo credit card List B Latest bank account/credit card statement Latest electricity/telephone/mobile phone bill Latest copy of LIC policy or insurance premium receipt Latest copy of NSC Letter from employer certifying current mailing address Latest house lease agreement SuperSavings Account An assortment of benefits, earnings and convenience. Be it happiness in life or more time for yourself, you have always desired more of it. So why settle for less with your savings account? The SuperSavings Account is a complete financial package that provides you with easy access to your money and complete banking convenience too. It offers you a whole range of options for optimal management of your money. Which means, with SuperSavings Account you not only save your money but also make it grow. So apart from the basic benefits of a savings account, we offer you options for faster transfer of funds, options to pay your bills or tax online and options to grow money at attractive interest rates in the savings account. All these features are offered for a minimum balance of Rs 5,000. Please click on the links given below to find out more about each of these features. The SuperSavings Account is a complete financial package that provides you with easy access to your money and complete banking convenience too. It offers you a whole range of options for optimal management of your money. Which means, with SuperSavings Account you not only save your money but also make it grow. Roaming Current Account A Current account for every business No two businesses are the same, which is why IDBI Bank offersfive Roaming Current Accounts Gold to suit your business needs. Based on the balance you choose to maintain in the account, you can then choose your specific Roaming Current Account accordingly. IDBI Bank Current Accounts not only gives you the flexibility of banking anytime, anywhere, but also allows you to save more money while doing business across the country. Roaming Current Account from IDBI Bank comes packed with a host of services and facilities that makes your banking convenient and hassle-free. With services such as multi-city and multi-branch banking, electronic funds transfers, national clearing in selected cities, 247 cash withdrawals from ATMs, Internet Banking, Phone Banking and SMS Banking, you are assured of faster remittances and collection of funds at competitive rates. Whats more, extended IDBI Banking hours and Sunday Banking, all this to simplify banking for you! Features:- @ Make payments to your vendors in different cities without any costs. @ Receive payments form your customers without any charge deducted from the amount @ Do all your banking right from where you are or wherever you travel @ Most importantly, maintain better relations with your vendors and customers. All this, only with the IDBI Bank RoamingCurrent Account. You can open a Current Account (Basic RoamingCurrent Account)with only Rs 10,000. Keep in mind, you will have to maintain an average quarterly balance of Rs 10,000. But this is nothing compared to a host of services and facilities that will make your current account work more effectively and efficiently. Open Current Accounts Following can open current A/c: Sole Proprietorship Firm Partnership firm Private and Public Limited Companies Hindu Undivided Family Trusts Societies, Clubs Associations Documents required for account opening: Sole Proprietorship Account opening form Signed declaration in the Account Opening form Passport Copy or Self-cheque along with a copy of (any one) Voter ID card Defence Id/Govt ID Driving License PAN card Photo credit card In addition the following forms are required Proof of existence of sole proprietorship firm (any one) Electricity/Telephone bill for the sole proprietorship firm Shop and Establishment certificate Proof of PAN /GIR No or Form 60 (only for cash deposits) Latest passport sized photograph of the sole proprietor If the address mentioned in any of the above documents is different from that stated in the account opening form, kindly submit any one of the following to confirm the present address Ration card gas connection receipt latest telephone bill latest electricity bill Partnership firm Account opening form Signed declaration in the Account Opening form Passport copies of all partners or Self-cheque along with a copy of (any one) Voter ID card Defence Id/Govt ID Driving License PAN card Photo credit card In addition the following forms are required Proof of existence of partnership firm (any one) Shop and Establishment certificate Copy of registration certificate Copy of partnership deed Letter of consent signed by all partners (as per banks format) Private Limited and Public Limited Companies Account opening form Copy of certificate of incorporation Names and latest passport sized photographs of the authorized signatories Certified true copy of memorandum and articles of association Certified true copy of commencement of business PAN /GIR No details or Form 60 Names, addresses of directors of the companies Certified true copy of board resolution Hindu Undivided Family Account opening form Signed declaration by Karta and Co-parcenors in the Account opening Form Names and signatures addresses of Karta and co-parcenors Names, signatures and latest passport sized photographs of authorized signatories PAN /GIR No details or Form 60 Trusts Account opening form Copy of Trust Deed Copy of the resolution of the Trustees Copy of registration certificate Names and latest passport size photographs of the authorized signatories Names, addresses of the trustees Clubs/Societies and Associations Names and signatures and latest passport sized photographs of authorized signatories Copy of rules and by-laws Copy of the resolution of members for account operation Copy of registration certificate Account Opening Form Idbi banks Business Special Current account gives a host of free services and facilities that ensure optimal utilization of funds, higher liquidity and cost savings. At he same time you dont have to keep a higher minimum balance. You need to keep an Average quarterly balance of Rs. 50,000 only to avail the free services Business Premium Bronze (Rs. 1 lac-AQB) Type of Accounts: Bronze Average Quarterly Balance (AQB):1lac Free funds transfers (per month) Cheque payable locally (in over 65 idbi bank locations) :1.5 cr Demand Draft per day (on over 65 idbi bank locations) :10 lack Demand Draft (on over 300 non-idbi bank locations) :chargeable Electronic Funds Transfers :1.5 cr Pay Orders : un limited Free cheque collection (per month) Outstation cheque collection (on idbi bank locations) :50 lac Daily cheque pick-up from your establishment* :Yes Free Inter-branch banking Any branch cash withdrawal (per day) : 1lac Any branch cash deposit (per day) : Rs 20,000 Total limit for Free transactions (per day) : 6.86 cr Cost saving to the customer per year : 16 lac Also available Basic Current Account (AQB of Rs 10,000). you get monthly statement of account, certificate of balance, seep-in from FD and Net, Phone and Mobile banking facilities all FREE Business Premium Silver (Rs. 3 lacks -AQB) Types of Accounts: Silver Average Quarterly Balance (AQB):3lac Free funds transfers (per month) Cheque payable locally (in over 65 idbi bank locations) : 3 cr Demand Draft per day (on over 65 idbi bank locations) :10 lack Demand Draft (on over 300 non-idbi bank locations) : 13 lac Electronic Funds Transfers : 3cr Pay Orders : un limited Free cheque collection (per month) Outstation cheque collection (on idbi bank locations) : 1cr Daily cheque pick-up from your establishment* :Yes Free Inter-branch banking Any branch cash withdrawal (per day) : 1lac Any branch cash deposit (per day) : Rs 50,000 Total limit for Free transactions (per day) : 10.58 cr Cost saving to the customer per year : 25 lac Business Premium Gold (Rs. 5 lacks -AQB) Types of Accounts: Gold Average Quarterly Balance (AQB):5lac Free funds transfers (per month) Cheque payable locally (in over 65 idbi bank locations) : 5 cr Demand Draft per day (on over 65 idbi bank locations) :10 lack Demand Draft (on over 300 non-idbi bank locations) : 30 lac Electronic Funds Transfers : 5cr Pay Orders : un limited Free cheque collection (per month) Outstation cheque collection (on idbi bank locations) : 1cr Daily cheque pick-up from your establishment* :Yes Free Inter-branch banking Any branch cash withdrawal (per day) : 1lac Any branch cash deposit (per day) : Rs 50,000 Total limit for Free transactions (per day) : 14.75 cr Cost saving to the customer per year : 35 lac Suvidha Fixed Deposits Save and grow your cash safely IDBI Bank Suvidha Fixed Deposits have always stood for safety, credibility and attractive rates of interest. Whats more, our interest rates are among the highest in the industry so you get the benefit of high rates of return on your savings. These deposits have been further packed with the following features : @ Anytime access to your deposits @ Deposits across tenures of 15 days to 9 years @ Various Options to suit your needs. Senior Citizens Fixed Deposits Earn higher rates If you are a senior citizen, you have the advantage of earning higher interest on your regular income plans and reinvestment plans. Our interest rates for senior citizens are higher by 0.50% pa. You can choose from tenure ranging from 46 days to 9 years for minimum deposits starting from Rs10,000. Suvidha Tax Saving Fixed Deposit At IDBI Bank its been our constant endeavour to provide you with world-class products and services that help you improve your standard of living and plan ahead for the future. With the same spirit in mind, we bring to you IDBI Suvidha Tax-Saving Fixed Deposit which gives dual benefits of tax exemption u/s 80c of the Income Tax Act and higher returns on your investments with interest rates at 8.5%* p.a. for regular deposits and 9%* p.a. for Senior Citizens. Other benefits : @ Zero Balance Savings Account* @ Free local Cheque Book @ International ATM-cum-Debit Card @ Free Internet Banking facility Pension Account Pension, now without any tension Worried about receiving your monthly pension cheque? Stop worrying. Open an IDBI Bank Pension Account and get rid of all the hassles of receiving pension payments month after month. IDBI Banks Pension Account gives you the joy of receiving your pension without any tension. Sabka Account IDBI introduces Sabka Account a savings account thats literally meant for everyone; absolutely elementary in its approach and with an average quarterly balance requirement of just Rs 250. Salient features of Sabka Account 1. Low average quarterly balance Modern banking facilities with IDBIs Sabka Account with just Rs 250. 2. Debit cum ATM Card and Cheque Book Get an ATM cum Debit Card and cheque book on request at nominal charges. The card allows you to transact at IDBI ATMs and shop at retail outlets. The cheque book however, will help you carry out other banking transactions. 3. Multiple ways to access your account Now you dont need to visit the bank time and again. Our unique services like Phone Banking, SMS Banking and Internet Banking will allow you to access your account from anywhere, anytime 4. Quartely Account Statements Keep track of your Sabka Savings Account through free quarterly account statements. If you have registered for Internet Banking, you can also avail of the quartely account statements via email. 5. Recurring Deposits This account offers you a recurring fixed deposits service wherein you can earn a higher rate of interest just by investing a small amount (as low as Rs 500) every month. There will be no charges for standing instruction for credit to Recurring Deposits account from the Savings Account. IDBI Super Shakti Account for Women Understanding the specific requirements of our customers, we at IDBI Bank have introduced a special Savings Account for Women, which we have coined Super Shakti. Not only this, along with this account we offer one Zero Balance Savings Account absolutely free for her child below the age of eighteen years. The Account offers you a host of features, which include: @ Free Transactions at other Bank ATMs*. @ An account opening balance of just Rs.1000 @ An AQB requirement of Rs. 5000. @ A Zero balance account for your child below the age of 18 years. @ Debit Card Free for the first year. @ A free Personalised/Customised PAP Cheque Book. @ Quarterly Account Statement @ Free Demand Draft at Home Branch @ Free Payorder for payment of School/colleges fees and remitting funds to their parents. @ Phone Banking @ Mobile Banking @ Free Statement by e-mail @ Demat Account at just Rs.200. @ Locker services at a concessional rate @ Investment advisory services. @ Free local personalized Cheque Book Home Loans Home, sweet home, built out of your dreams. A place where you return after a hard days work and relax, a place where you share precious moments with your family. A place that gives you a sense of belonging. IDBI Bank helps you realise your long cherished dream of owning your home through hassle free and customer friendly home loans. Presenting IDBI Banks ultra flexible home loan you have been looking for. We realise what owning your home means to you and your family. You can avail of the Home Loans for constructing a home, purchasing a ready built house/flat, residential plot and even for re-financing existing loans you may have availed from other banks or housing finance companies. Advantages of IDBI Ultra Flexible Home Loans @ Maximum Funding, @ Flexibility of choosing between Floating or Fixed interest rate, @ Attractive rate of interest, @ EMI on daily reducing balance, @ Personalised doorstep service, @ Simple documentation, @ Legal and technical assistance, @ Balance transfer facility, Education Loans Education loans from IDBI Bank aim at providing financial support to deserving/ meritorious students for pursuing higher education in India and abroad. With an array of courses to choose from and easy repayment options, IDBI Bank makes sure you get complete financial backing. Maximum loan amount : 1. Study in India-Rs.10 lakhs 2. Study Abroad -Rs.20 lakhs 2.7 Subsidiaries of IDBI IDBI Gilts Ltd IDBI Homefinance Ltd IDBI Intech Ltd IDBI Capital Market Services Limited IDBI Capital Market Services Limited IDBI Capital Market Services Ltd. (head quartered in Mumbai), is a leading provider of financial services and is a 100% subsidiary of IDBI Bank Ltd. The company was set up in 1993 with the objective of catering to specific financial requirements of financial institutions, banks, mutual funds and corporate houses. The company provides a complete range of financial products and services that includes: @ Stock Broking-Institutional and Retail @ Derivatives Trading @ Distribution of Mutual Funds @ Investment Banking @ PF/Pension Fund Management @ Retail Marketing of Bonds and IPOs @ Depository Services @ Research Services Over the last 5 years, the company has been ranked amongst the leading players in each of these businesses. It has a strong agent network which caters to the investment needs of retail investors in instruments like IPOs, Bonds, etc. The company is a major player in the Equity and Derivatives market and a leading manager of Pension Provident Funds in the country. The company has executed several mandates on the Issue Management and Corporate Advisory Services. The company offers an online investment portal idbipaisabuilder.in with advanced features and tools for an easy and informed investing experience in Equities, Mutual Funds and IPOs. IDBI Home Finance Limited IDBI Homefinance Ltd. is 100% subsidiary of IDBI Bank Ltd. acquired the entire shareholding of Tata Finance Ltd. in Tata Homefinance Ltd. in September 2003. The name of the company was changed to IDBI Homefinance Ltd. Over the years, the company has taken steps to enhance its retail reach, strengthen brand image, improve asset quality, thereby achieving business growth. IDBI Intech Limited IDBI Intech Ltd. is a wholly owned subsidiary of IDBI Bank Ltd. IDBI has set up IDBI Intech Ltd. (INTECH) in March 2000 to tap the opportunities arising from the IT sector. INTECH capitalizes on the banking business knowledge acquired over the years supplemented with experience in Implementation Management of state-of-the-art IT Infrastructure, Technology applications and Systems for one of the largest universal bank in India and uniquely positions itself, in the Information Technology Service Provider Space, to offer the IT-related products and services to the IDBI Group companies and the other organizations, focusing mainly on the BFSI sector. INTECH operates in a multi-dimensional framework and provides IT related services in the area of Consultancy, System Integration, System implementation support, Applications Server hosting and other IT related managed services and specialized training. IDBI Gilts Ltd IDBI Gilts Ltd. was set up as a wholly owned subsidiary of IDBI Bank Ltd. to undertake Primary Dealership [PD] Business. In accordance with RBI guidelines, the PD business of IDBI Capital Market Services Ltd. [ICMS] has been de-linked and transferred to IDBI Gilts Ltd. The company was incorporated in December 2006 and became operational from July 24, 2007. The companys business ambit includes Bond trading, underwriting in auctions of primary issuance of Government dated securities and treasury bills. In addition, IDBI Gilts also plans to be a major player in the interest rate and credit derivative market. 2.8 Review of literature Customer satisfaction :- It is a marketplace. Every organization has customers of some kind. The organization provides products (goods and/or services) of some kind to its customers through the mechanism of a marketplace. The products the organization provides are subject to competition whether by similar products or by substitution products. The reason an organization is interested in the satisfaction of its customers is because customers purchase the organizations products. The organization is interested in retaining its existing customers and increasing the number of its customers. Customer satisfaction is an ambiguious and abstract concept and the actual manifestation of the state of satisfaction will vary from person to person. The state of satisfaction depends on a number of both psychological and physical variables. The level of satisfaction can also vary depending on other options the customer may have and other products against which the customer can compare the organizations products. Because satisfaction is basically a psychological state, it is a difficult thing to measure quantitatively. In other words, there are no units of satisfaction that have been defined. CHAPTER-III 3.1 Data collection 3.2 Data analysis Interpretation FACTS AND FINDINGS Sample Status (1) Distribution of Respondents in terms of age group: Age group No. of Respondents (f) No of Respondents (in %) 18-40 133 66.5 41-60 63 31.5 Above 60 4 2 (2) Distribution of Respondents in terms of sex: Sex No. of Respondents (f) No of Respondents (in %) Male 176 88 Female 24 12 (3) Distribution of Respondents in terms of occupation: Occupation No. of Respondents (f) No of Respondents (in %) Professionals 34 17 Businessmen 55 27.5 Servicemen 109 54.5 Housewives 2 1 Respondents responses regarding structured schedule that was asked from them is as follows: 1. Respondents came to know about IDBI Bank through: No. of Respondents'(f) No of Respondents (in %) A) Through Friends/relatives 34 17 B) Through existing customers 13 6.5 C) Through advertisement 12 6 D) Through Bank Employee/s 97 48.5 E) Just Walked in 44 22 This is clear from the above findings that 48.5% respondents came to know about IDBI Bank through Bank employee/s. 2. Respondents responses were as follows regarding awareness of following products and services of IDBI Bank No. of Respondents (f) No of Respondents (in %) Time Deposit (FD RD) A/c 18 9 Savings Bank A/c 136 69 Current A/c 40 20 Demat A/c 25 12.5 Internet Banking 78 39 Mobile Phone Banking 86 43 Phone Banking 89 44.5 Debit cum ATM Card 178 89 ATM Services 93 46.5 Insurance 7 3.5 Lockers 12 6 Electronic Fund Transfer 4 2 (EFT) Above findings shows that most of the respondents were aware of the Debit cum ATM card and another were aware of the Savings Bank A/c and some of the respondents in % is greater than 100% because of multiple responses of customers regarding products and services. 3. Respondents were having the following A/c with the Bank: No. of Respondents (f) No of Respondents (in %) A) Time Deposit (FD RD) A/c 8 4 B) Savings Bank A/c 116 58 C) Current A/c 46 23 D) Demat A/c 30 10 E) Any other 0 0 From the above chart, it is clear that 58% respondents were having savings bank a/c and 23% respondents were having current a/c with IDBI Bank. Here Demat A/c is Demat + Savings A/c 4. Respondents responses regarding influencing factor in opening a A/c were as follows: No. of Respondents (f) No of Respondents (in %) A) Goodwill of the Bank 28 14 B) Facilities provided by the Bank 144 71 C) Proximity of the Bank 9 5 D) Any other 19 10 This table shows that maximum no. of respondents i.e. 71% influenced from facilities provided by the bank in opening a A/c. 5. In order to find out satisfaction level of customers, question was asked to respondents and following responses were obtained : No. of Respondents (f) No of Respondents (in %) Satisfied Neither Dissatisfied Satisfied Neither Dissatisfi Satisfied satisfied ed Nor nor Dissatisfied dissatis fied A) Employees knowledge 136 46 18 68 23 9 B) Customer Services 139 48 13 69.5 24 6.5 C) Employees Behavior 127 44 29 63.5 22 14.5 D) Working hours 141 52 7 70.5 26 3.5 As table shows that 68% respondents were satisfied with employees knowledge, 69.5% were satisfied with customers services, 63.5% were satisfied with employees behavior and 70.5% were satisfied with working hours of the Bank. 6. Respondents responses regarding awareness of various bank loan scheme were as follows: No. of respondents (f) No. of Respondents (in %) A) Yes 112 56 B) No 88 44 This table shows that 56% of respondents were aware of the various bank loan schemes that will be provided by IDBI Bank, in near future and 44% were not aware about this. 7. When this question Have customer faced any problem was asked to customers than the Respondents responses were as follows: No. of respondents (f) No. of Respondents (in %) A) Yes 79 39.5 B) No 121 60.5 If yes then does their problem get attended by Bank staff: No. of respondents (f) No. of Respondents (in %) A) Yes 50 25 B) No 150 75 Above findings shows that 60.5% of respondents had not faced any problem regarding their a/c and the rest 39.5% of respondents, who had faced problem, get attended by Bank staff very well. 8. Respondents gave following responses regarding deficiencies in IDBI Bank No. of respondents (f) No. of Respondents (in %) A) Seating arrangement 116 58 B) Water facility 67 33.5 C) Display of time standards 6 3 D) Cleanliness of Branch premises 0 0 E) Suggestion Box for customers 11 5.5 Above table shows that 58% of respondents found deficiency of seating arrangement and other 33.5% respondents found deficiency of water facility of IDBI Bank. 9. Respondents responses regarding switching over to other bank were as follows: No. of respondents (f) No. of Respondents (in %) A) Yes 109 54 B) No 91 46 It is clear from the above table that 54% of respondents would shift to other bank, if they provide better services. 10. Respondents responses regarding referrals were as follows: No. of respondents (f) No. of Respondents (in %) A) Yes 158 79 B) No 42 21 If yes then why No. of respondents (f) No. of Respondents (in %) A) Facilities provided by the bank 112 58 B) Better customer services 57 26.5 C) Any other 0 0 D) Both responses 31 15.5 Above table shows that 79% of respondents had given referals because of facilities and better customer services provided by the bank 11. Respondents rated IDBI bank as follows: No. of respondents No. of Respondents (in %) A) Excellent 23 11.5 B) Very good 139 69.5 C) Average 38 19 D) Poor 0 0 Above table shows that 69.5% of respondents rated IDBI Bank very good and no one has rated this bank poor. ANALYSIS INTERPRETATIONS When this question How have customer come to know about IDBI Bank: was asked to the respondents, then the researcher found the responses by different type of respondents as follows: Occupation Through Friends/ relatives Through Existing Customer Through Advertisement Through Bank Employee Just Walked in Total Professionals 7 4 4 17 2 34 Businessmen 10 3 4 26 12 55 Servicemen 17 6 4 52 30 109 Housewives - - 2 - 2 Total 34 13 12 97 44 200 As per the respondents response, most of the 50% professionals, 47% businessmen, 48% servicemen 100% housewives became the customer of IDBI Bank through Bank employees. It shows that Bank employees have played major role in making new customers. Some of other respondents of the total sample became the customer through just walked in option because this branch is near to their home and became the customer through friends that means a satisfied cutomer is an advertisement itself to the Bank. When this question What type of A/c do customers have with this Branch: was asked to the respondents, then the researcher found the responses by different type of age group respondents as follows:- Age group Term Deposit A/c (FD RD) Savings Bank A/c Current A/c Demat A/c Any other Total 18-40 3 95 24 13 0 133 41-60 5 17 22 17 0 63 Above 60 0 4 0 0 0 4 Total 8 116 46 30 0 200 As per the respondents response. all the age group and maximum 18-40 age group persons i.e. 71.43% were having Savings bank A/c with this IDBI Bank. Branch Bikaner because people operate very frequently in this A/c to meet their day-to-day needs. When this question What influenced customer to open A/c in a Bank: was asked to the respondent, then the researcher found the responses as follows: Occupation Goodwill of the bank Facilities Provided by the bank Proximity of the bank Any other Total Professionals 05 24 2 3 34 Businessmen 10 39 - 6 55 Servicemen 12 80 7 10 109 Housewives 1 1 - - 2 Total 28 144 09 19 200 As per the respondents responses, 72% of the total respondents in which most of the professional, businessmen maximum servicemen influenced by facilities provided by the Bank. When the question related to deposit facility through ATM was asked to the respondents, then the researcher found the responses by different age group as follows:- Age group Yes No Total 18-40 101 32 133 41-60 41 22 63 Above 60 3 1 4 Total 145 55 200 As per the respondents response, all age group but specially age group of 18-40 i.e. 76% were aware of the deposit facility through ATM. When the question related to daily withdrawal limit of ATM of IDBI Bank was asked to the respondents, then the researcher found the responses by different types of respondents as follows:- Occupation Less than Rs. 10,000 Rs. 15,000 Rs. 25,000 Dont Know Total Professionals - - 28 06 34 Businessmen - - 42 13 55 Servicemen - - 106 03 109 Housewives - - 02 - 02 Total - - 178 22 200 As per the respondents response, most of the 82% professionals, 76% businessmen, 97% servicemen and 100% housewives were aware of the daily withdrawal limit of ATM of IDBI Bank. When the question What kind of deficiencies do customer find in this Bank: was asked to the respondents, then the researcher found the responses by different type of respondents as follows:- Occupation Seating Arrangement Water Facility Display of Time Standards Cleanliness of Branch Premises Suggestion Box for Customers Total Professionals 10 18 3 - 3 34 Businessmen 21 31 1 - 2 55 Servicemen 83 18 2 - 6 109 Housewives 2 - - - - 2 Total 116 67 6 - 11 200 As per the respondents response, 76% servicemen 100% housewives found the deficiency of seating arrangement for customers. 53% Professionals 56% businessmen found the deficiency of Water facility. So it should be taken care off. No one found the deficiency of Cleanliness of Branch Premises. Some of the respondents found the deficiency of Display of time standards and suggestion box for customers. It shows that they are concerned about Branchs internal environment. CHAPTER-IV 4.1 Suggestions 4.2 Conclusions Suggestions: In order to survive in this area of cutthroats competition, it is very important for an organization to give the best to its customers. After going through the study on this project, following suggestion is being forward to IDBI Bank, Bikaner Branch: 1. The reason behind opening a/c in IDBI Bank is facilities and better customer services. So Bank should provide more facilities and services, if it is feasible as compare to other private banks so that the customers will be more benefited. 2. As it is clear that level of awareness of customers is low, so the Bank employees should advertise about the products and schemes amongst the customers aggressively. 3. Progress chart and P L A/c of the Bank in Managers room as well as in the premises of Bank should be there so that customers of the bank can get knowledge about the financial positioning of the bank. 4. Bank should provide special product for senior citizens. 5. Adequate seating arrangement for valuable customers. 2. Suggestion from customer: Adequate seating arrangement for customer should be there Attend customer properly Need to improve customer care customer services Loan limit should be there Provide ATM card covers to the customer Arrange weekly or monthly meeting with the customer Employees behavior should be polite co-operative The account opening process should be easy Bank staff must have uniform Advertisement of the product should be in proper way Maximum branches of IDBI Bank should be open in proper way Accept the small denomination notes of Rs. 10 Rs. 20 Cash deposit limit should be increased Separate inquiry staff should be there Conclusions On the above basis survey, researcher can recommend that though the customers are satisfied with the services provided by IDBI Bank, there is a vast scope of improvement in the level of satisfaction. This can be taking care of suggestions given by different customers. It was also observed that though the Bank has launched various innovative products, the level of customers awareness about products services is very low. So, it is suggested that staff of the branches should be more proactive publicizing about their products. 1. Bank employee/s played a great role to influence the respondents in opening an a/c with IDBI Bank. 2. Debit cum ATM card and savings bank a/c but about other products services the level of customers awareness is very low. 3. It is concluded from the above research that most of the customers were having Saving Bank A/c with IDBI Bank. 4. From the research, researcher found that facilities provided by the Bank was the prominent influencing factor in opening an a/c. 5. Through the survey the researcher came to the result that most of the respondents were satisfied with the Employees knowledge, customer services, Employees behavior and working hours. 6. Researcher found that most of the customers were aware of the deposit facility through ATM and daily withdrawal limit of ATM of this Bank. 7. Researcher found that most of the customers were aware of this Bank. 8. From the research, researcher found that most of the respondents were aware of loan schemes provided by IDBI Bank, Branch Bikaner in near future, will provide that. 9. Through the survey the researcher came to the result that most of the respondents did not face any problem regarding their account. 10. Researcher found that there was a deficiency of seating arrangement for customers in Bikaner Branch premises and other deficiency was water facility. 11. From the research, researcher found that most of the customers of IDBI Bank would shift to other bank, if they provide better services. 12. Researcher found that respondents have given referrals because of facilities and customer services provided by the Bank. 13. Through the survey the researcher came to the result that most of the respondents rated IDBI Bank very good. CHAPTER-V Limitations of the study:- Lack of Banking knowledge Since the results have been drawn on the basis of the information provided by the respondent changes of responses error might be there. The time provided for the collection of data was a major constraint and increased size could give better result. Survey was restricted to New Delhi only, so it is very difficult to generalize. CHAPTER-VI NameOccupation.. Age.. Account No Address 1 How have you come to know about IDBI Bank ? (A) Through friends / relatives (B) Through existing customers (C) Through advertisement (D) Through a bank employee (E) Just walked in 2 Are you aware of the following products and services offered by this bank (Please tick) Time deposits(FD RD Account) Saving bank account Current account Demat account Internet banking Mobile phone banking Phone banking Debit cum ATM card ATM services Insurance Lockers Electronic fund transfer (EFT) 3 What type of account do you have with this bank ? (A) Time deposits (FD RD A/c) (B) Saving bank account (C) Current account (D) Demat account (E) Any other . 4 What influenced you to open an account in this bank ? (A) Goodwill of the bank (B) Facilities provided by the bank (C) Proximity to the bank (D) Any other. 5 Are you satisfied with the following: (Please tick one column for each of the following) Satisfied Neither satisfied nor dissatisfied Dissatisfied (A)Employees knowledge 1 2 3 (B) Customer services 1 2 3 (C) Employees behavior 1 2 3 (D) Working hours 1 2 3 6 Are you aware of the deposit facility through ATM of this bank ? (A) Yes (B) No 7 What is the daily withdrawal limit of ATM that is provided by this bank ? (A) Less than Rs.10,000 (B) Rs. 15,000 (C) Rs. 25,000 (D) Dont know 8 Are you aware of the various loan schemes that will be provided by IDBI bank, Bikaner in near future? (A) Yes (B) No 9 Have you ever faced any problem in this bank? (A) Yes (B) No If yes, was your problem attended by the bank staff? (A) Yes (B) No 10 What kind of deficiencies do you find in this bank ? (A) Seating facility for waiting customers (B) Water facility (C) Inadequate display of working hours (D) Cleanliness of branch premises (D) Suggestion box for customers 11 Would you shift to another bank, if they provide better services? (A) Yes (B) No 12 Would you suggest anyone to open an account in this bank? (A) Yes (B) No If yes, then why? (A) Facilities provided by the bank (B) Better customer services (C) If any other (Please specify). If no then why ? 13 How will you rate IDBI Bank (A) Excellent (B) Very good (C) Average (D) Poor 14 Please give your valuable suggestions : Signature CHAPTER-VII 1. kothari, C.R., Research methodology, new age international publishers. 2. Help from internet @ www.idbibank.com @ www.google.com 5

Second Punic War Battles

Gym Persuasive Speech - 1450 Words

Intro: The summer, a time of warm weather, long weekends, friends and holidays. It is also the time where many of us put down the junk food, get off the couch and come out of winter hibernation to enjoy the outdoors. It’s often not long after playing your first game of beach volleyball or running to catch the bus when you realise that your heart is racing, sweat is pouring down your face and you are breathing heavily. As you look up and watch everyone still running around you or as your stepping onto the bus only one thought is running through your mind â€Å"WOW I am out of shape!†. Now I am not here today to try and convince you to get into better shape. Starting a fitness routine is a commitment that an individual needs to decide on for†¦show more content†¦Same goes for workout at home. It takes a serious amount of dedication to not fall off and most people do not reach this point until they are months or years into their new fitness life style. (Personal st ory about highschool to now) -Now a days there are so many gyms in London you can find one within 5-10mins of your house so travel time isn’t a big issue anymore. Many gyms also have multiple locations so you are fairly close to one no matter where you are. -Fitting in good workout only needs to take 30-45. Gyms have showers, towel service and everything you need to make it possible to workout at lunch during work or to squeeze in a workout at other times when you can’t go home to clean up right after. -Child care, no need to pay baby sitters anymore. Kid care zones encourage children to be active as well. -Most universities now have some form of a Campus gym. This allows you to find time to work out before, after or in between classes. As you can see the convenience of a home gym also has the disadvantage that you can be easily distracted and convince yourself to do something other than workout. Now a days gyms are close by, have many locations, showers and child care. 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Position Paper on Typology in Education free essay sample

A. Ventura Structures and Organization of Higher Education in the Philippines (DEASOHEPN) Position Paper Subject: Towards Rationalizing Philippine Higher Education by Dr. Allan B. Bernardo I. Background of the Issue A. A significant number of reasons and purposes have been articulated concerning the creation of typologies or classification scheme both in the Philippines and abroad since the 1960s. In the House Bill number 363 of the 15th Congress, introduced by Hon. Marcelino A. Teodoro, it was explained that the provision of a definite system for determining the number and distribution of different types of HEIs is necessary in rationalizing the SUCs and all other Higher Education Institutions (HEIs) in the Philippines for allocating resources and for developing interventions for various types of HEIs . Another, and one of the original reasons, is to develop support in research on higher education by providing sound/viable basis for classifying an increasing number of HEIs which on the part of policy-makers will enable them to target policies and programs to categories of similar and related institutions. For students, they will be better able to identify the appropriate institutions for them and make better informed choices. Business and industries would be able to determine which institutions to partner with. A typology that helps HEIs position themselves in the academic market was proposed by Zemsky and Massy (cited in Finn 1998). The mushroom-like proliferation of public HEIs charging extremely cheap tuition and fees but are actually substandard in terms of the quality of academic learning they offer to students is an addition to the concerns. Since these public HEIs offer basically same programs with the private HEIs, despite this aspect on quality, private HEIs are given unfair competition. As a result, there is an influx of students to public HEIs, thus, a greater demand for subsidized higher education and the sad outcome is that all of these, at the expense of basic education. B. According to Dr. Bernardo (1998), a classification scheme should be seful and could be utilized in order to obtain significant statistical values/data on the distribution of different types of HEIs in selected or assigned regions of the country. This could be used as a reference by CHED in rationalizing standards and making developmental interventions necessary to improve the present status or condition of our HEIs. To give concrete examples, he enumerated some parameters which includes library holdings, research outputs of faculty, faculty development programs, research programs development, to name a few. According to Dr. Bernardo, a certain caveat should be heeded if only to further refine the current typology being used. He likewise proposed the adoption of a typology by the Commission itself for quality purposes. Dr. Bernardo opposes the opinion of some of the discussants that says Philippine universities cannot be typed for reasons that SUCs have been established for a variety of reasons such as politically while private schools are established religiously and academically. Dr. Bernardo stresses that even in the United States where the Carnegie 2000 is being employed, some colleges exist as a result of land grants, some are state-funded and some which are funded for religious purposes. Dr. Bernardo agrees to the fact that indeed, simply typing HEIs is difficult that is why according to him, there should be a reckoning of the non-quantitative aspects of typing. He stated that funding is not solely limited to marine research but as a matter of fact, a significant number of funding exists for various types of social science research, technological and agricultural research. He reiterated that there are so many funding for research worldwide but an institution definitely and logically needs to position itself first if it desires to be a Research University. II. Zemsky and Massy (Finn 1998) proposes a typology that helps HEIs position themselves in the academic market. According to Teichler (2003), the various HEIs may be grouped in terms of â€Å"types† which may be viewed as points in a spectrum. This means that in the classification scheme, related types differ in terms of certain dimensions and that it is important to note that the relationships among types is regarded as a vertical dimension, emphasizing quality or status. Shulman said that the Carnegie 2000 Classification of Higher Education Institutions was originally intended to support research in higher education but was later on used for unintended purposes such as to establish rankings of HEIs, make decisions about institutional funding and guide allocation of grant programs. Phil Baty , editor of the Times Higher Education Rankings, and editor at large of Times Higher Education reported that in Europe the introduction of classification in HEI created some fear that Europe-wide university classification will hamstring institutions since for a long-time it has been hailed as an antidote to traditional league tables a transparent and fair way to compare a universitys performance with that of its peers. As a result there was an influx of criticisms raised about U-Map, the European Commissions project to categorise every European university under a single classification system. Critics have warned that the plan could pigeonhole universities, limiting if not disrupting their development during this period of globalization accompanied by rapid change which commences to a dramatic shake-up of the student market across Europe. Ray Land, professor of higher education at the University of Strathclyde, organised a conference on U-Map under the title Towards a Classification of European Higher Education. His opinion and findings parallels that of Fr. Roderick Salazar when he told Times Higher Education that while the system could have obvious benefits in promoting diversity and raising the Continents global profile as the European Higher Education there had to be a proper debate about its potential effects. He added that this particular project which the European ministers of education and the European Commission have endorsed called for a great financial expense in the country, but unfortunately, not enough discussion about it have been conducted in the UK. U-Map emerged from an August 2005 report, Institutional Profiles Towards a Typology of Higher Education Institutions in Europe, part of a project led by the Centre for Higher Education Policy Studies at the University of Twente in the Netherlands. The U-Map team said the system will not rank institutions league table-style, but will position them on a number of dimensions, each representing an aspect of function and performance. This stand is similar to the point of view of the discussants and critics of Dr. Bernardo. In the European system, six dimensions have been proposed: the educational profile (looking at degree levels and the subject areas covered); the student profile (including total enrolments and part-time numbers); research involvement (measuring research income, peer-reviewed publications and the like); involvement in knowledge transfer (judged by elements such as patents and licensing income); international orientation (including a measure for overseas academic staff); and regional orientation. Professor Land said that the classification would have clear benefits which includes allowing one to compare like with like. He clarified that an authority would not compare Harvard University with Broken-Neck College, Missouri, for example and therefore it will provide information that is more useful and relevant. However, he added that there were pros and cons, as there will always be unintended consequences. Thus, he suggested that once an institution had been categorized, funding agencies and other stakeholders could start treating it according to that classification. As he mentioned, universities might not like to be categorized, or have their wings stocked in any direction. It is expected that if you are entrepreneurial, you will not want to be pigeonholed. For that reason, the classifications would need to be kept under review since higher education sectors are not static, and Europes diverse institutions change their status and missions. This is a common opinion among authorities in education both in the Philippines and abroad. The challenges of globalization and increased competition have led to institutions developing new and innovative courses in areas where previously there had not been demand. This is true not only in Europe, the United States but also in Asia including the Philippines. These continuing changes may affect an institutions place in the system. Pam Tatlow, chief executive of the Million+ think-tank, said that the proposed classifications have all the arbitrary factors of any league table and will not at all help or contribute to the European research base or European Union institutions to compete globally. Professor Land also said that U-Map could possibly have significant effects on the student market. For example, UK students might start to see courses taught in English in Europe as a better option. They may see that it is cheaper to do a similar degree course with a better reputation in Sweden than in the UK. It alters the rules of engagement. Wendy Piatt, its director-general of the Russell Group of large research-intensive institutions was more positive when she welcomed publications that improved information for students in order to move away from fixed hierarchies to capture huge and positive diversity. But she that there is a need to wait for more details to determine exactly how useful the classification will be. F rederick So Pada, one of the consultants of PASUC, saw certain similarities and disparities on the program offerings and enrollment per program vis-a-vis charter mandate and areas of specialization using the SUC Leveling criteria. He likewise noted that although he does not question the result of the study on typology, he was surprised to know that some universities were inappropriately classified. In other words, their classification did not match their actual behavior. III. Considering the various point of views presented, I would say that adopting a typology for the Philippine HEI’s is sound but I agree with the opinion of Fr. Roderick Salazar when he said that we must constantly be conscious and careful to see that the typology we are using is not final and accurate. Therefore, it must not be used immediately as it is as basis for planning. We should be prepared and a lot open in making our own revisions or modifications for such classification in order to tailor-fit it to the needs of our local HEIs. This is considering what some of the experts, both locals and foreigners have accounted, that is, the Carnegie 2000 has its own set of flaws or weaknesses which showed up since its application in the United States. As a result, it yielded some criticisms or negative comments through the years. I likewise agree with another comment Fr. Salazar gave when he reminded the discussants in one of the fora he attended that at some point, instead of merely focusing on rationalizing our higher education, our HEIs should instead get in the job of being and becoming what the institution was originally called to be. Dr. Bernardo also had a similar opinion when he said that the concern does not lie much on how CHED rationalizes the university system by type but more on the quality of that HEI. It really does not matter whether an institution is a Doctoral Research University, a Specialized institution a technological/agricultural College or a Community College. If it is excellent in doing what it should be doing, then so be it. Otherwise, all it has to do is to continue to seek to improve in all aspects. Most schools in the Philippines start very modestly and grow into institutions that eventually develop and turn out to become what our country perfectly needs at that particular time considering its nature or resources. A very good example of this is the UP Los Banos, which up to present, continues to serve not only the country’s agricultural needs but even those of our neighboring countries needs as well. We cannot deny the fact that our Philippine HEIs have a lot of improvement to undergo but the way this outcomes and typology is proposed, it would generate much disappointments and negativity in the higher education community if such a system as the Carnegie is to be introduced as it is. It would be best to introduce it prospectively – for all new colleges and all new universities. It would also be helpful to allow several models of universities, and not just the one-size-fits-all university type – which in fact doesn’t fit many long-practicing universities in the country. Dr. Allan Bernardo clearly explained on how the granting of the HEI types, would be possible to evaluate the HEI outputs based on HEI types. Schools would choose their types based on the review of their own respective missions. A school which originally aims to serve based on a mission to respond to the needs of an LGU community would choose to be a community college. A school that was created to significantly contribute to the development of technical skills of our people would choose to be a professional college. Thus, the resulting outputs of a particular HEI based on type would be a result of realigning itself as stated on its mission/vision. Because of this, those institutions who would like to focus on professional development need  not worry about research and research publication in peer-reviewed journals. Therefore investments in institutional development would be better placed based on type/classification. The output quality would then be measured according to the inputs according to type. Assessment would be gruesome and confusing. This education sector concerned would as a result metamorphose to become what originally it was called and created to be, that is an excellent HEI. Simply making use of parameters such as how many laboratories are existing, academic degrees, facilities that are inputted into an instructional system as the main tool for assessing an institutional type, is definitely not a very reliable basis for classification. One has to take the trouble to assess an instructional system in terms of what it actually produces, not on a one-time study, but it has to be a long-term assessment if it wishes to be accurate and reliable.