10-04-2017, 08:40 PM
BANKING INDUSTRY
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Banking is the science of managing money and other assets pertaining to a specific business. We all known that banks offer basic loans, deposits and financial advice, but they also facilitate transactions on sophisticated financial instruments such as private equity, bonds and mutual funds. Most top performing candidates typically view careers in Banking as the pinnacle of achievement, and sectors such as treasury, equity trading, investment banking and private banking are viewed as the most lucrative jobs for new graduates.
In addition to traditional banks, other financial institutions such as credit unions, trust companies, mortgage loan companies, insurance companies, brokerage firms and asset management firms also offer a host of financial advice. Hence, when viewing the opportunities in the sector, one must also carefully consider these other specialized financial institutions. we have chosen private banks for our report,
CITY UNION BANK
City Union Bank is an Indian bank, earlier knownn as 'The Kumbakonam Bank Ltd.' It was incorporated as a limited company on 31st October, 1904. It was included in the Second Schedule of RBI Act of 1934 on 22nd March 1945. The first branch of the Bank was opened at Mannargudi on 24th Jan.'1930. The Bank took over the assets and liabilities of the Commonwealth Bank Limited in 1957 at Aduthurai, Kodavasal, Valangaiman, Jayankondacholapuram and Ariyalur Branches.The City Forward Bank Limited and The Union Bank Limited were also amalgamated in April, 1965. In the same year the name was also changed to The Kumbakonam City Union Bank Limited.
FEDERAL BANK
With 75 years of service in India, Federal Bank is one of the leading private sector banks in the country. Through the ages it has built up a public confidence and trust of being an agile, IT savvy and customer friendly Bank.Federal Bank Limited was founded as Travancore Federal Bank Limited in the year 1931, with an authorized capital of Rs. 5000. It was established at Nedumpuram, a place near Tiruvalla, in Central Travancore (a princely state later merged into Kerala), under Travancore Company's Act.
Apart from the entire slew of Banking products, the Bank has also entered into a financial supermarket to give customers a range of products and services. They are as listed below: