AREAS OF OPERATION
The area of operation of Karnataka Bank Ltd has been spread across India. During 2013-14 the bank has opened 50 new branches in 11 states viz two each in Andrapradesh and Rajasthan, one every in Assam, Goa, Gujarat, Maharashtra, Uttarakhand, West Bengal, 34 in Karnataka, three in Kerala and in Tamil Nadu and 34 new branches opened in Karnataka, 13 are in unbanked rural centers under financial inclusion initiative of the bank. Further, as per the direction of Government of India, the bank has opened 17 ultra small branches in the villages where Brick and Mortar branches are not viable. Also the bank has added 196 ATM outlets at various locations.
As at 31st March 2014 the bank had 1304 service outlets i.e, 600 branches (which includes 2 corporate finance branches at Fort, Mumbai and
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The environment might present many opportunities but a company might not have strength to exploit all the opportunities. Similarly, occasionally a firm will not have the strength to meet the ecological threats. If a company, therefore finds that it will not have the competence to survive in a particular line of business, it will be careful to give it up and focus on such business for which the firm is mainly capable. The cost-effective liberalization in India in 1991 drastically changed the business environment. Many companies have exited some of their business and have been concentrating on their core business.
Strengths:
The factors that have contributed to the success of the bank are its workforce because the bank has highly educated labor force, young and energetic employees within the age group of 25-45. This helps the junior employees to learn from the experience of the senior employees.
The bank is efficiently managed. The bank is one of the few banks in India which gives importance to technology in order to serve its customers better through financial
Maximising long-term value for its customers, shareholders and its employees is the organisation’s main strategic priority. Commonwealth bank’s strategy is to create long- term value and maintaining competitive advantage by differentiating itself from its competitors.
Wells Fargo is an American multinational diversified financial services company. The company operates throughout the world. It is one of the largest banks in the US in the state of assets. Moreover, Wells Fargo is the largest market capitalization bank in the US. It takes the second category in the field of deposits, delivery of home mortgage services, and delivery of credit cards. The company has its headquarters in Francisco, California. The company has coverage of more than twenty-four states in the US. In every state, it has established its headquarters that act as distribution and storage regions for the company's products and services. The company offers insurance, banking, mortgage, and consumer financing through the sale and distribution of its networks across the US. The advantages of Wells Fargo Company are widely distributed: they have helped it realize a stable market in the United States and around the globe.
Banking branches in London, New York, Tokyo, Hong Kong, Shanghai, Beijing, Singapore, Auckland, Ho Chi Minh City and Mumbai
Introduction: The following business paper will conduct a SWOT analysis, VIRN analysis, a determination of an generic strategy, and finish with a recommendation for the Canadian Imperial Bank of Canada. When determining the analysis of the above statements, internal and external factors are considered when making conclusions. This paper will answer the questions of what the company should focus on, where the strengths currently are, if opportunity is available, and what the organization should focus on in order to compete more effectively against its competitors. This paper will also underline the key threats that the organization must be aware of, and the reasoning to why remaining innovation and the providing differentiated products is essential for the bank.
Company Overview: The Australia and New Zealand Banking Group Limited (ANZ Bank) was first opened as Bank of Australia in Sydney in 1835. It then established an office in Melbourne in 1838 which is where its current headquarters is located. ANZ operates in 33 markets globally with representation in Australia, New Zealand, Asia, Pacific, Europe, America and the Middle East. ANZ is the 3rd largest bank in Australia, the largest banking group in New Zealand and Pacific, and among the top 20 banks in the world. It provides a range of banking and financial products and services to over 9 million customers and employs over 50,000 people worldwide.
The SBI Kohinoor Banjara branch received many account opening requests within a few days of its opening. In addition, it also broke even in
In the SWOT analysis for Bank of America one I performed a SWOT analysis for the Bank of America. I assumed the role of a mutual fund manager work for First Investment Inc Investment Inc. With the information I gathered in part one of my paper I made the decision to invest in Bank of America. In part two of these papers I will further explain why I chose to invest in Bank of America. This paper will address the financial health of Bank of America by reviewing the banks income statement, balance sheet, and cash flow (MGT/521 course syllabus). I will also analyze Bank of America’s financial health and compare it against another bank. After I do the comparison I will compare Bank of America technological advantages, or address any
Bank of America is one of the strongest leaders in the banking industry. They are already leaders in the field and that contributes to their Strengths, Weakness, Opportunities and Threats which is maintaining this position of leadership. They must always remain aware of shifts in the market and mortgage industry as well as shifts caused by other mega bank developments that could threaten their market share. The opportunities currently available include the improved clientele by the regulations which restrict who they can lend to. With stronger borrowers, in today’s environment, there will be fewer defaults and much less financial risk of loss if the loan-to-value ratio should turn in revers and the bank ends up holding on to properties that are worth less than the loans they spent to fund the defaulted borrowers. Threats include outside competition and their own reputation tarnishment from their participation in the mortgage lending fiasco that created a lot of problems for many Americans.
ICICI bank has a strong presence in India due to a huge network of 3880 Branches and 12269 ATM's across PAN India
Banks are the most significant players in the Indian financial market. They are the biggest purveyors of credit, and they also attract most of the savings from the population. Dominated by public sector, the banking industry has so far acted as an efficient partner in the growth and the development of the country. Driven by the socialist ideologies and the welfare state concept, public sector banks have long been the supporters of agriculture and other priority sectors. They act as crucial channels of the government in its efforts to ensure equitable economic development.
Canara Bank is an Indian state-owned bank headquartered in Bangalore, Karnataka. It was established in 1906, making it one of the oldest banks in the country; the bank was nationalised in 1969. As of December 2014, the bank had a network of 5641 branches and more than 7000 ATMs spread across India. The bank also has offices abroad in London, Hong Kong, Moscow, Shanghai, Doha, Dubai, and New York.
The bank known as “Hong Leong Bank” or “Bank” is one of the public listed company on Bursa Malaysia. The bank is member of the Hong Leong Group Malaysia which call “the Group”. The group is based headquartered in Malaysia, since 1968 the bank has been invoved by giving financial services in the industry through Hong Leong Finance Berhad and through Dao Heng Bank Ltd. in Hong Kong since 1982 however the Dao Heng Bank Ltd. has been sold to another banking instiuition. The history started its beginning in 1905 located in Kuching, Sarawak, Malaysia under the name of Kwong Lee Mortgage and Remittance Company and then in 1934, incorporated as Kwong Lee Bank Ltd.. In year of 1989, it was renamed under MUI Bank which operating about 35 branches. In January 1994, the Group acquaired MUI Bank
Table no.1- No. of Accounts opened under PMJDY as on 15th July, 2015 in Crores
The paper would focus on Bank of America as one company that makes use of differentiation strategy that concentrates on product form, and the brand image The orientation herein focuses on primary factors that associate with the strategy pointing out the different specific company activities that support the company. Through the business strategy, Bank of America’s prospects have proved matchless to other notable and established companies such as Airbus and United Technologies, who offer competition in the aviation-based business. Bank of America is a multinational banking and financial services corporation headquartered in Charlotte, North Carolina. It is ranked 2nd on the list of largest banks in the United States by assets.
We have mention Branch and ATM network, Customer Service and Innovation as one of the key success factors for a bank, but all these will be unfruitful if there is no proper ICT platform to support them. To be able to take full advantage of the opportunities in the market and combat threats a bank must have an up to date strategically planned and implemented ICT infrastructure. In 2010 CRDB and NBC made entire bank systems upgrades, announcements were made on Radio, TV, Newspapers of the changes and their implication to the services offered. This is an example of organizations that have