The Oldest Joint Stock Bank of the Country, Allahabad Bank was founded in April 24th of the year 1865 at the confluence city of Allahabad by a group of Europeans. At that occasion Organized Industry, Trade and Banking started taking shape in India. Thus, the History of the Bank spread over three Centuries – namely Nineteenth, Twentieth and Twenty-First. As a leading public sector commercial banks in India, Allahabad Bank offering banking products and services to corporate and commercial customers and retail customers. The Bank particularly focuses on the retail banking while serving all sectors of the Indian economy. Bank’s operations for corporate and commercial customers cater to large corporate customers as well as to small and middle market businesses and Government entities. Corporate and commercial products include Term Loans, Bill Discounting, Export Credit and other business credit and financing products. Also the bank offers a wide range of retail products including Home Loans, Personal Loans and Automobile Loans as well as Debit Cards. In addition, specialised products and services to the agricultural sector also one of entity of the bank. All the above products and services of the bank offered through extensive branch network, extension counters, ATMs, phone banking and the Internet. This article will be helpful in writing Project Report on Marketing.In Twentieth Century, The Bank became a part of P & O Banking Corporation’s group with a bid price of Rs.436 per share in 1920. The Head Office of the Bank was shifted to Calcutta on business considerations during the year of 1923. The Bank crossed its century year in 1965. In July 19th of the year 1969, Allahabad Bank was nationalized (with 151Branches – Rs.119 crores of Deposits and Rs.82 crores of Advances) along with 13 other banks. United Industrial Bank Ltd was merged with the bank in October of the year1989. The Bank made a foray into merchant banking activity in 1984 and subsequently instituted AllBank Finance Ltd as a wholly owned subsidiary for Merchant Banking in the year of 1991. The Official Language Implementation Committee of Calcutta awarded the Rajbhasha Shield to the Bank as Second Prize for its best performance for the year 1991. During the year 1995, The Bank had entered into an MOU with the Small Industries Development Bank of India (SIDBI) for financing small-scale industrial units. In 1996, The Bank had set up Information Technology Centre to provide in-depth computer training to Officers at Calcutta and Lucknow. Consequent to the SEBI Rules and Regulation the company surrendered its merchant banking registration in 1998 and got it registered as a Non Banking Financial Company (NBFC) with Reserve Bank of India (RBI). In the same year of 1998, the bank had received permission from the RBI for gold trading. Allahabad Bank has entered into an arrangement, informally though, with IDBI and ICICI in regard to funding of infrastructure projects. During the year 1999, Allahabad Bank has launched two new schemes to increase the pace of credit off take and in the same period TATA Consultancy Services (TCS) has entered into a contract with Bank for implementing the Integrated Standard Banking System (ISBS), a branch mechanisation package at 60 branches. The Bank bagged three major core sector clients, namely the National Thermal Power Corporation (NTPC), Power Grid Corporation and Indian Railway Finance Corporation Ltd (IRFC). This report shows that Allahabad Bank has performed well which is reflected in its Ratio Analysis Reports In Twenty-First Century, Allahabad Bank has launched its new personal loan scheme for pensioners in the year of 2001. As at October of the year 2002, the bank came out with Initial Public Offer (IPO) of 10 crores share of face value Rs.10 each, reducing Government shareholding to 71.16% and in the same year 2002, Allahabad has tied up with National Institute of Banking Management, Crisil and Earnst & Young for development of HRM, risk Management and general business strategy. The Bank has seized the commercial assets of the Guarantors of Ramolene Fabrics (P) Ltd in 2003 at Mumbai and signed a Memorandum of Understanding (MoU) with Corporation Bank for mutual sharing of their ATM Network. The Bank has entered into an MOU in the year of 2004 with the Export Credit Guarantee Corporation of India (ECGC) for distribution of their products to the exporters. UTI Mutual Fund and Allahabad Bank on April 5, 2004 announced a strategic tie-up for distribution of UTI MF schemes. During April of the year 2005, the bank made Follow on Public Offer (FPO) of 10 crores equity shares of face value Rs.10 each with a premium of Rs.72, reducing Government shareholding to 55.23%. The Bank has signed MoU with Mahindra Gujarat Tractor Ltd in the identical year 2005 for financing Hindustan brand tractor under special finance scheme. Allahabad Bank transcended beyond the National Boundary, Allahabad bank had opened a representative office at Shenzen, China in June 2006. In October of the same year 2006, the bank rolled out its first branch under Core Banking Services (CBS). During February of the year 2007, The Bank opened its first overseas branch at Hong Kong. During the calendar year of 2007, 100 more branches opened throughout the country, the total number of branches were stirred from 2042 to 2142 of which rural are 983 (46%), semi-urban 402 (19%), urban 450 (21%) and metropolitan 307 (14%). There is no doubt that reading Banking Industry Reports is essential for knowing the history of a bank. Allahabad Bank has opened its 2154th branch in at Pudukkottai, Tamil Nadu during March of the year 2008. The Bank has 211 ATM’s and Card members can now have access at over 16500 ATM’s all across the country under National Financial Switch. One of the premier nationalised banks of the country, Allahabad Bank has commenced the process of implementing the Agricultural Debt Waiver and Debt Relief Scheme-2008 in June of the year 2008. The Bank has improved its performance and established its visibility and strong presence in the market. The Bank is steadily moving at a faster pace to consolidate its position in the coming days introducing extensive computerization to ensure the state-of-the-art service comfort for its customers. The Bank has already in hand 116 authorizations for opening of new branches. Bank’s plan is to expand in areas where the Bank’s presence is not very much visible now and where business potentiality is good.
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Every decade witnesses a change, a change in lifestyles, fashion, living standards, technology, and what not; food habits are no exception. With busy lifestyles pounding on the existence of the urban gentry, it is no longer the usual home made food all the time that is in the platter. Given the demand for food snacks, meals, chaat, sweets, and more, a number of restaurants has cropped. And if the restaurant happens to be that of a reputed brand, you will not easily get a seat; you will have to wait in queue to get it. Even if you want to buy take-away food snacks or chaat or any other items, you will have to wait as there will be many others like you waiting to pay the bill and get the items.
As aforementioned, food habits and lifestyles have changed to a great extent. This has in turn steered the growth of the snack industry. It is namkeen items including potato chips, etc. that are savored by people at large any time of the day while on the move. If you visit a home in India, the hospitality showered comes in the form of serving of some hot or cold beverages with the accompaniment of namkeen items and sweets. Bikano namkeen offered from the house of Bikanervala is one of the most selling items in the Indian snack industry. You will be spoilt for choices when you come across the menu of Bikano namkeen items. Worth mentioning are aloo bhujia, ratlami sev, peanuts, badam lacha, bikeneri bhujia, chana masala, cornflakes mixture, dal moth, ganthiya, kaju mixture, kashmiri mixture, khatta meetha, khoka bhujia, matar masala, moong daal, navratan mixture, peanut masala, and more. It is no exaggeration to point out the fact that once you taste Bikano namkeen, you wont feel like tasting the namkeen of any other brand. Such is the spiciness, taste, crispiness, and flavor associated. The sky is the limit for the Indian snack industry with players like Bikanervala catering to the snack and namkeen needs of the people at large.
When we speak of food snacks, what are the items that fall in the menu? It can be either of kachodi, samosa roll, soya tikki, pav bhaji, vada pav, pakoda, paneer pakoda, bread pakoda, burger, soya masala wada, samosa, gobhi pakoda, paneer tikki, and more. Of course, it will take time to prepare any of these food snacks items at home not to mention the ingredients that you will need to collect first before you start for the preparation. Why worry when you can get high quality and tasty food snacks items in a restaurant near your home or wherever you go. And if it happens to be afternoon or evening, you can satisfy your taste buds with chaat items like aloo tikki, papri chaat, raj kachori, bhalla papri, lachha tokri, pani puri, bhel puri, pao bhaji, dahi bhalla, paneer masala chilla. All chaat items are accompanied with the mouth watering chutney.
Eating out in Bangaloreis important in today. Indian cuisine is famous worldwide and there are good Indian restaurants in every city in every country in the world. No other form of show cooking subtle sophistication that many spices and vegetables are combined into effect cuisine. Restaurants in Bangalore have long been an important part of the history and culture of India and are responsible for most of the historic trade routes between the Indian subcontinent and the rest of the world. Bangalore As a leading commercial and industrial supporters of the Indian economy, booming industry in Bangalore and focuses on modern technology. To maintain the Silicon Valley of India Bangalore continued success as the fastest growing cities in India is due to a modern progressive attitude, which celebrates the past and the future is secure technology, education, and current and culture. The rich cultural history of India and Bangalore is important for religious festivals like Dasara, celebrating the ancient kingdom of Mysore, and Deepavali, the Festival of Lights is celebrated with fervor popularity for all without distinction of culture and faith. So while visitors can enjoy a wide range of Bangalore international cuisine, traditional and contemporary Indian dishes are really a fundamental role in any dining experience Bangalore. Some of the best Indian restaurants thrive in the city of Bangalore. Bangalore is a city in itself varied and lively, more cosmopolitan than most in India, and this is reflected in a selection of excellent restaurants in Bangalore. Visit BookmyRestaurant for Table Reservation in Bangalore.
The paper industry is one of the leading and prominent industries in India. The industry is among the highest contributor of revenue to the country. It also provides employment to more than 1.5 million people and is considered to be a developing industry. Paper products have been in constant demand during the past several decades which has led to the further growth of the industry in many ways.
Various types of paper products are used in many ways including bags, cups, plates, books, envelopes and so forth. The availability of raw materials is one of the most important factors that concern the paper industry. With the growing destruction of forests, authentic raw materials are becoming scarce which has led to the increased import of raw materials from neighbouring countries.
The Growth of Paper Industry in India
Due to the wide spread demand for paper products, non conventional methods are utilised for producing different types of raw materials required for the production of paper. The paper industry is now further identified as three types mainly the agro based, forest based and other varieties such as waste materials, market pulp and fibre.
Today the paper industry has around 515 units which manufacture various types of paper products. The Indian industry is the fifteenth largest industry in the world. The high costs of production, concentration of industries in one place are the various bottlenecks of this industry.
The paper industry has also witnessed a considerable demand for products with the shift in consumer behavioural patterns. The use of plastics has declined considerably due to many health and environmental issues. This has in turn increased the consumption of different types of paper products such as stationery items, photo frames, kites, magazines, bank notes, catalogs, playing cards, tissue paper, albums and directories.
Different types of products can also be made with the use of recycled raw materials. Today the process of using recycled raw materials for the manufacture of various paper products are encouraged to reduce the ill-effects of deforestation. Waste materials such as rags, jute, cotton and straw is used for manufacturing various types of products.
The paper industry also utilises hand made paper which is quite popular in the country. Known to provide employment to more than thousands in the rural areas, the industry is a major source of employment. The hand made paper is durable and lasts longer. It can be used to manufacture various types of handmade materials.
Today the government has introduced several policies to support the paper industry. Better manufacturing technologies, reduction in the import duties and production cost, availability of better raw materials are some of the measures taken by the government to improve the production of paper products.
In spite of facing several challenges, the industry has attained considerable growth in different parts of the country. Paper importers have known to import raw materials only for specific types of paper. Today there are a number of industries that manufacture paper and are known to be the leading industries of the country.
India being a peninsular country has a far-stretching coastline. It is surrounded by water on the east, west, and south coasts. As a result there is abundant fishing in India. The fisheries industry in India is huge. With its vast coastline, India is the fourth-largest producer of fish in the world. This is mainly because nearly 10 million people residing in more than 4,000 coastal regions are engaged in fishery activity. These people are mainly dependent on fisheries to earn a living.
India holds great potential for both inland and marine fishing. It has huge reservoirs for fishing. The fisheries industry heavily contributes to the Gross Domestic Product of India. The fisheries industry is responsible for filling the Indian exchequer with about $70 million per annum. Massive production and export has made the fisheries sector an essential part of the Indian economy.
Though the fishing industry in India contributes heavily to the GDP and is a valuable source of earning foreign currency for the country, it still has a huge potential for export. Out of the total area available for fisheries, a significant amount of area is left unutilized.
In the recent past, the fisheries industry has been growing considerably on a consistent basis. It has also caught the attention of foreign investors. Several foreign investors are now investing in the fisheries industry in India for its potential to offer them immense returns. Another reason for the foreign investors to invest in the industry is the easy availability of infrastructure facilities. The liberalized policy of the government is another vital factor for the fisheries industry to attract new foreign investments in India.
Both the central government of India and the state governments have undertaken initiatives and announced several policies to boost the growth of the fisheries industry in India.
The Department of Animal Husbandry, Dairying, and Fisheries is the main authoritative body for development of the fisheries industry in India. This government body has been responsible for implementing infrastructure development programs and welfare-oriented schemes. It is also responsible for formulating appropriate programs to increase the productivity in the fisheries sector. Furthermore, the Ministry of Food Processing Industries is another agency that is responsible for the overall growth of the fisheries industry.
Though the central ministry takes active initiatives to boost the fisheries industry, it is mainly governed by the state governments. Each state has its own set of policies to attract new investments in the fisheries industry of the state.
Some of the most prominent states and union territories that promise huge potentials for investments include:
Goa: The state has a coastline of about 100 km and is rich in marine wealth. Fisheries are the main economic activity of the state. The fishing activity has given a big boost to the canning, freezing, and fish processing industries in the state. These industries offer great investment opportunities.
Kerala: The government of Kerala gives top priority to the fisheries sector. The sector contributes the most to the state governments revenue and brings in foreign exchange. The government is keen to develop this industry further. There are huge investment opportunities for investors in terms of providing technological assistance to the local fishermen, providing storage facilities, fish packaging, and so on.
Apart from these two states, prominent other states and union territories, such as Assam, Orissa, the Andaman and Nicobar Islands, and Lakshadweep also promise great investment opportunities in the fisheries industry.