This website uses cookies to ensure you have the best experience. Learn more

Growth Of Telecom Sector In India

1584 words - 7 pages



OBJECTIVE- Here our main objective is to analyse the impact of mergers and acquisition in banking sector in India. We will try to find out from the experience of US and EU how Indian banking sector will respond if some major players merge together. In this report we will create a situation in which five big players in banking sector merge together and we will analyse the effect of merger on Indian Banking sector.

In the past three decades, India's banking system has earned several outstanding achievements to its credit. The most striking is its extensive reach. It is no longer confined to metropolises or cities in India. In fact, ...view middle of the document...

Later on, in the year 1993, the government merged New Bank of India with Punjab National Bank. It was the only merger between nationalised banks and resulted in the reduction of the number of nationalised banks from 20 to 19.


IT IN BANKING- Information and communication technology has brought a transformational change

in banking operations and payment systems in banks.

Core Banking Solution (CBS) - With Core Banking Solution, banks can effectively meet challenges of

reducing operational cost and establishing customer intimacy.

Automated teller Machines - Now with the huge network of ATMs there is no need for the customers

to visit the bank branches and stand in long queues to withdraw or deposit money.

Smart Cards- It is popularly known as plastic money. These pocket sized integrated circuit embedded

cards have eliminated the need for paper money.

5 | P a g e

Internet Banking - It has eliminated the need to visit bank branch to a great extent. Just sit in the comfort of your house and customers can perform any banking transaction

MICR and automated cheque clearing - Magnetic ink character recognition (MICR) allows computers to read the number printed on the cheque. Eliminated human errors. This saved
1The time required to transfer cheques from one city to other and reduced the cheque clearing time from 3 days to 1 day.

Mobile banking - his has further increased the ease for a bank’s customer. Now the customer does not require a pc or laptop to get in connection with his bank.
RFID in Banks – usage of RFID technology for the better customer relationship management. New tech savvy banks like YES bank use this technology for its customers so that it can give a personal touch to its customers when they enter its premises.

Bank2.0- Bank2.0 seems to be the future of banking. Banks can start maintaining their own blogs, create financial forums, provide video tutorial and video calling and engage in community banking. Banks actually need to provide a platform for interaction among its customers.


Competition is a basic mechanism of the market economy and it encourages companies to provide consumer products according to their preferences. The explanation for competition law or policy is ultimately and essentially to improve consumer welfare. Main objective is to improve production.
Competition Commission of India is a body of the Government of India responsible for

enforcing The Competition Act, 2002 throughout India and to prevent activities that have an adverse effect on competition in India. The Competition Act, 2002 has been enacted with the purpose of providing a competition law regime that meets and suits the demands of the changed economic scenario in India. The Competition Commission of India (CCI) has drawn the Reserve Bank of India’s


6 | P a g e


Other Papers Like Growth of Telecom Sector in India

Branding Strategies in Banking Sector in India

2391 words - 10 pages BRANDING STRATEGY IN BANKING SECTOR IN INDIA A REVISED SYNOPSIS SUBMITTED FOR Ph.D. IN MANAGEMENT Table of Contents 1. TITLE OF THE THESIS 3 2. INTRODUCTION 3 3. A BRIEF REVIEW OF THE WORK ALREADY DONE IN THE FIELD 4 Branding 4 Branding Strategies 4 Branding strategies in banking sector 5 4. NOTEWORTHY CONTRIBUTIONS IN THE FIELD OF PROPOSED WORK 6 Rationale of the research 6 Objectives of the study 7 5. PROPOSED RESEARCH

Brand Switching Behaviour of Consumers in Telecom Industry

4212 words - 17 pages phone subscriptions compared with 18.4 million in 2005 or more than one subscription per person. Unfortunately, until this study there was no current publicly available data on the per centage of mobile phone users that switch service providers. Using survey data generated from this study we estimate that 16% of consumers or about 2.47 million people switched their mobile service provider in 2011. The extraordinary growth in mobile services has

Role Of Ict In Retail Sector

4908 words - 20 pages The role of ICT in Retail sector India is on the brink of becoming an economic power house ready to unleash its largely untapped potential for those who willing to take right steps forward. Over the last few years, retail has become one of the fastest growing sectors in the Indian economy. ICT has changed modern business practice, making collaborative supply chain management possible.The paper evaluates the role of ICT in the operations of

Negative Impacts of Technology in Banking Sector

1857 words - 8 pages Negative impact of technology in banking sector Information Technology solutions have paved a way to a new world of internet, business networking and e-banking, budding as a solution to reduce costs, change the sophisticated economic affairs to more easier, speedy, efficient, and time saving method of transactions. Internet has emerged as a blessing for the present pace of life but at the same time also resulted in various threats to the

Imapact Of It In Banking Sector

1898 words - 8 pages effectively in the work of today’s complex business environment, the business has to keep itself abreast with the dynamic changes and also adopt new methods currently practiced all over the world, i.e by most success and business. To this end this research world is set to study and research on “using management information system (MIS) to improve customers service and growth in the banking industry. 1.2 STATEMENT OF PROBLEM: Information

Trend Of Insurance In India

319 words - 2 pages to the amount collected. The very fundamental principle of spreading of the risk is actually practiced by the insurance companies by reinsuring the risks that they have insured. The opening up of the Insurance Sector to Private Companies, has made available more products and world class service to Indian Customer. This project has been made with an objective to give an insight into various facts of General Insurance sector in India. An attempt

Effect of Ger in India

2713 words - 11 pages the period immediately following the Lehman failure in mid-September 2008, coming as it did on top of a turn in the credit cycle, increased the risk aversion of the financial system and made bank cautious about lending. The purport of the above explanation is to show how, despite not being part of the financial sector problem, India has been affected by the crisis through the pernicious feedback loops between external shocks and domestic

Penetration of Ict in India

2867 words - 12 pages being constrained by the availability of land, knowing this; improving food productivity remains an important factor to be taken care of while addressing the future of Food Security in India. The most crucial sources of growth in productivity, cited by various literatures are research, infrastructure, literacy and extension. Improving input-output interface of market is important for growth in productivity which can be achieved by development

Advertising Of Lux In India

1186 words - 5 pages Advertising of Lux in India Selection of Media: There are number of Sources available for passing the product message. These are as follows; Television Radio Outdoor- Billboards, Magazines Newspapers Brochures Internet Lux has made it a point to use every above source for its advertisement. However the most frequent source used is television. Lux was launched in India in 1929. Its slogan was “the beauty soap of film stars.” The first

The Role of the Teacher in the Lifelong Learning Sector

1909 words - 8 pages The role of the teacher in the Lifelong Learning Sector is one of extreme diversity covering a range of sectors, adopting many titles such as; tutor, trainer, lecturer and assessor. While many titles exist for this profession they all share one clear aim and that is to help individuals reach their goals and self actualisation (Maslow, 1987). In order for teachers to do this they must fully understand the requirements of their role and the

Factors Influencing Growth of Microfinance in Ghana

2795 words - 12 pages the provision of financial services such as savings, loans and insurance to poor people living in both urban and rural settings who are unable to obtain such services from the formal financial sector. Microfinance encompasses the provision of financial services and the Management of small amounts of money through a range of products and a system of intermediary functions that are targeted at low income clients. “Microfinance refers to

Related Essays

Growth And Decline Of The Industrial Sector In The Uk!

1293 words - 6 pages M2- Growth and Decline of the industrial sector in the UK! There are two ways that the growth and decline of industrial sectors is measured. One way that they measure it is by employment and the second way it is measured is by looking at the production and sales of goods which is then measured in the form of GDP (Gross Domestic Product- income from the total products made at home). To understand more about the growth and decline of the

Reporting Of Intangibles By Service Sector In India

1240 words - 5 pages economy, the wealth can be added by increasing the intangibles. The intangibles are the growth drivers for the Indian Economy. The high productive sector is the service sector whose contribution to GDP of the nation has displaced the contribution of Agriculture and Industry and the contribution is rising. In service sector nearly 22% of the population of the nation is contributing around 55% of GDP. The reason for high productivity can be

Banking Sector Reforms In India Essay

1857 words - 8 pages BANKING SECTOR REFORMS IN INDIA . Introduction: Financial sector reforms introduced in the early 1990s as a part of the structural reforms have touched upon almost all aspects of banking operation. For a few decades preceding the onset of banking and financial sector reforms in India, banks operated in an environment that was heavily regulated and characterized by sufficient barriers to entry which protected them against too much

Methodologo Of Telecom In Bd Essay

3733 words - 15 pages findings in relation to theory. 2.1 Literature review Telecom industry is one of the fastest growing industries in the world. People are now a day’s considering to have frequent communication among them. So in course of time and with the growth rate of population and also appeal for high standard living, telecom industry is growing in a high pace. This fastest growing industry has already attracted many marketing geniuses, researchers