All posts tagged India

Federal Bank – The Private Indian Bank From Pre-independence Era

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Travancore Federal Bank was the name of Federal Bank of India when it was established in the year 1931. It was inaugurated at Nedumpuram near Tiruvalla Kerala (Tiruvalla is situated south of Kottayam). It had 14 founders with Sri Oommen Varghese as the Chairman and Sri Oommen Chacko as its Manager. It functioned successfully for 10 years and then stopped all of a sudden due to health problems of the Manager Sri Oommen Chacko.

Then a Lawyer of Perumbavoor took the charge and managed it efficiently. The name of the Lawyer was K.P.Hormis. later in the year 1945 K.P. Hormis also became the Managing Director and shifted its Headquarters to Aluva. In the year 1947 the name of the bank was changed to Federal Bank. In the year 1970, it became a Scheduled Commercial Bank. After a series of mergers and acquisitions including banks at Chalakudy, Thrissur, Alleppey, Puthenpally, Thiruvananthapuram, and Kurundwad, Federal Bank became even bigger with larger financial turnovers.

It is one of the largest private sector banks and the prominent one amongst the old private group of Indian banks.

PRESENT STATUS:
Now the bank has its Headquarters at Aluva, near Kochi in Kerala. It is presently running 743 branches across 24 states in India. It now has 803 ATM’s across India. Of these 803 ATM’s there are 108 in Metro Centres, 224 in Urban Centres, 384 Semi-Urban and 87 in rural areas. There has been several high-profile sponsorships and other modes of advertisement including the title sponsorship of the popular Indian cricket franchisee Kochi Tuskers Kerala of the Indian Premier League or IPL. It is also the fourth largest bank right now in India in terms of capital base and is also listed in the London Stock Exchange in addition to the Indian stock markets Bombay Stock Exchange and National Stock Exchange.

ACHIEVEMENTS AND AWARDS:

The Federal bank of India has received many awards during its long journey since 1931 till now. Some of them are:
1. The banking technology Excellence Award for the year 2010-2011.
2. The Excellence Award for Second best bank among traditional private sector banks in Kerala.
3. The Great Mind Challenging Award for implementing the most innovative solution in Business.
4. Ranked number one in Economic Times Intelligence Group Survey.

SERVICES OFFERED:
The bank renders the following services:
1. Savings Bank Account.
2. Current Account.
3. Loans.
4. Deposits.
5. Debit Cards.
6. Fund Transfer.
7. Inward Remittance.
8. Online Bill Collection.
9. Bank Guarantee.
10. cash Management.
11. Demat Accounts.
12. Federal Pure Gold.
13. Gift Accounts.
14. Mutual Fund.
15. Safe Deposit Lockers.
16. NRI Banking Services.
17. Merchant Banking.
18. ASBA.
19. Visa Bill payment.
20. Master Card Secure Code.
21. Verified By Visa (VBV).
22. Online Tax Payment.
23. Mobile Banking -FedMobile.
24. Internet banking -FedNet.
25. Corporate FedNet.

LOANS:
It also gives Loans for various purposes like: Business, Agriculture an Rural, Housing, Educational, Travel, Personal, Car, Medical and Home Loans.

WORKING HOURS:
The Bank runs from morning 9 to evening 4 from Monday to Saturday. Sunday is a holiday. The Bank is closed on Public holidays. the timings are different for its Abu Dhabi Branch which works from 9 AM to 5:30 PM and this branch also works on Sunday.

Agriculture Business Emerged as One of the Most Demanded Career Option

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The economy of India has been agriculture based for ages. With most of the regions being farmlands and the majority of the population living in villages, agriculture is the major source of livelihood. Earlier agriculture products were mainly used as final food products. Only a few food products were used as raw materials as agriculture based industries existed in very less numbers. But gradually with liberalization and urbanization the influence of the western world increased. Food outlets of branded companies and food chain restaurants came up and -fast food’, -instant food’ and -food supplements’ gradually emerged as the most demanded food options. So, Agriculture Business emerged as one of the most demanded career option.

To cater to the ever increasing food industry, well trained management graduates are required to manage all the aspects required for its development and smooth functioning. Fields such as marketing, sales, product management, and customer care are looked after by professionals with innovative ideas and planning. So, top management institute is the latest career option for young minds having the desire to explore the agriculture sector. The management graduates enrolled in these courses is well trained and educated to bring in new agricultural innovations and replace the traditional unproductive practices of this sector. Agriculture Business College in India has thus come up in large numbers to cater to the ever increasing demand for management graduates who would contribute immensely to the growth of the agriculture based industries.

The Management Colleges thus provide the ever expanding agriculture business sector of India with qualified graduates who have the capability to think differently. It is a win-win situation for both the management trainees as well as the industries as the trainees are highly paid for their services and the industries in return earn high profits using the innovative ideas of their employees. In this way both the industries and the management employees are benefited.

So, the contributions of Management Institute in India Business cannot be ignored. Also with the increasing demand for skilled man power many Management Institutes came up in various parts of the country and the competition among them to produce the best graduates increased. The Top Business Management College with the best of faculties and facilities emerged providing the best man power. The graduates produced here are the best who posses new innovative ideas and strategies. The institutes have 100% placement records and are the centers of excellence in the field of management. The doyens of management sector are hired from leading companies who prepare the course curriculum. It is beneficial for both the management institutes and the industries as support provided by the management experts help in updating the course curriculum leading to development of the education imparted. The education provided here develops the hidden talents of the management graduates who after passing out are absorbed by the industries.

Jessica Olivia is management adviser for management institute. click on the links to agriculture business, management institute in India, agri business management course and Agriculture marketing institute now more about the information you can visit management institute in india.

Agriculture Playing Important Tole In The Life Of People

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India is a land of traditions and beliefs. Indian tradition is very much found of scriptures and mythology and also of art & literature, painting & folklore. India is the country where 60% of the wealth comes from farming. Agriculture and farming are the only two aspects which gives the Indian farmers health and wealth. It plays a very vital role in the economy of the country as it is the only practice which the farmers can do as it can be done on large as well as on small scale.

The word agriculture is short but its need is very vast as it plays a great role on different aspects of our lives. It provides the foundation through which people survive through the provision of food to both humans and their animals. Without agriculture, chances of survival would be minimal as both people and livestock would die out of starvation. As a result of this, agriculture has gained interest among many people, ordinary, policymakers and even researchers due to its important contribution to humanity.

Farming is done in three different categories such as Primitive Farming, Intensive Subsistence Farming, and commercial Farming. As the name suggests primitive subsistence farming is done on a small piece of land with the help of the small farming tools such as hoe and digging sticks including the family members as the labours and sometimes the community members play the part of the labours. Intensive Subsistence farming is done on high intensive area and a huge land with the help of the huge labour intense and high doses of biochemical fertilizers with the help of spraying machines and with the advanced agriculture tools and machines for the higher productivity. Commercial Farming uses the higher doses of fertilizers, high yielding variety seeds, pesticides and insecticides for the higher productivity

Agriculture industry is the basic need for many other industries such as food industry, ecosystem, and the main which is economic sector. Any country in the world that wants to be stable must provide its citizens with the food supplements. Through the different agricultural practices that are there, agriculture is the main source through which countries are able to feed their people. Through crop and livestock production, we are able to get food which is rich in nutrients needed by our bodies. As a result of agriculture, people are able to live free from deficiency diseases.The extent of destruction is influenced by the activities going on in a particular ecosystem. As population grows, more land and forests are now being cleared to create space for agricultural activities.