Axis Bank of India Final

8/13/2019 Axis Bank of India Final

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MBA 3rd

SEM

A ANALYSIS OF HR POLICIES OF AXIS BANK

Session-2012-14

SUBMITTED BY: GUIDEDBY:

ANUPRIYA JAIN DR.PRAMESH GAUTAMMBA 3rdSEM HOD,

DEPTT. OF MBA


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20121! S.".N.I.T#SAGAR$

PREFACE

MBA is a stepping stone to management career. In order to achieve practical

positive and concrete result, the classroom learning needs to be effectively

fed to the realities of the situation existing outside the classroom. The

practical true for management.

Through the project wor sills lie those of the nown personality are

adopted. !ther sills are also get polished whether they are services,

properties, person, events, information, Ideas or organi"ations or others.

To develop healthy managerial and administrative sills in the potential

manager it is necessary that theoretical nowledge must be supplement with

exposure of real environment. Actually it is very vital for the managementand it is in the practical training that the measuring of management is itself

reali"ed.


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ACKNOWLEDGEMENT

The project on #% &'(d) *+ A%-)&& *+ /r *-& *+ %& 4%5$

%as been given to me as a part of the curriculum in & nd'(M. !f ) years Master *egree of

Business Administration.

I have tried my best to present this information as clearly as possible using basic terms that

I hope will be comprehended by the widest spectrum of researcher, analysts and students

for further studies.I am proud and privileged to express my hearty regards to our respected Dr. Pramesh

Gautam !OD" De#t $%Ma&a'eme&t Stu() S*NIT" Sa'ar+ for giving me opportunity

to prepare this project.

I am proud to express my deep sense of gratitude to our respected guide Dr. Pramesh

G$utam !OD" De#t. $% Ma&a'eme&t Stu() S*NIT"Sa'ar+ for her content

encouragement, guidance and her valuable suggestions as the rendered me all possible

help and guidance while reviewing the manual script and finali"ing the report.

I specially would lie to than my parents who all the way helped me mentally and

emotionally without them I would not have completed my project successfully.

I am grateful to all the respondent for their immense and appreciation help who considered

my time just and supplied me data.

I also thanful to my friends who helped me a lot in the completion of this project.

I also thanful to !* for giving me courage to complete this project wor.

ANUPRIYA JAIN

MBA 3ndSEM.


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CERTIFICATE

This is to certify that MISS ANUPRIYA JAIN has completed her project report titled A STUDY

OFANALYSIS OF HR POLICIES OF AXIS BANKunder my supervision. To

the best of my knowledge and belief this is her original work and this, wholly or practically, has not

been submitted for any degree of this or any other university.

Date:

Dr.. Pramesh Gautam Dr. Pramesh GautamHOD

Department of anagement study!"#$T, !agar %.&' Department of anagementstudy !"#$T, !agar %.&'


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DECLARATION

$ hereby declare that the project work entitled on A STUDY OFANALYSIS OF HR

POLICIES OF AXIS BANK submitted to the Swami i!e"anand Institute #$

%e&hn#'#() is a record of an original work done by me under the guidance of (DR. PRAMES*

GAU%AM, )aculty member, (Swami i!e"anandInstitute #$ %e&hn#'#() Sa(ar +M.P,and this

project work has not performed the basis for the award of any degree or diploma * associate ship

*fellowship and similar project if any.

Date-

P'a&e- #ame and !ignature of +andidateANUPRIYA JAIN

MBA 3ndSEM.


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CONTENTS-(/A0(

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bannotes, which was handwritten appeared in5@@5, in 'weden. cheue and

printed paper money appeared in the 5??Cs and 5D??Cs, with many bans

created to deal with increasing trade.

The history of baning in each country runs in lines with the development of

trade and industry, and with the level of political confidence and stability. The

ancient omans developed an advanced baning system to serve their vast

trade networ, which extended throughout (urope, Asia and Africa.

Modern baning began in 9enice. The word ban comes from the Italian

word #,a& -$"meaning bench, because moneylenders wored on benches in

maret places. The ban of 9enice was established in 555 to help the

government raise finance for a war.

At the same time, in (ngland merchant started to as goldsmiths to hold gold

and silver in their safes in return for a fee. eceipts given to the Merchant

were sometimes used to buy or sell, with the metal itself staying under loc

and ey. The goldsmith reali"ed that they could lend out some of the gold and

silver that they had and charge interest, as not all of the merchants would as

for the gold and silver bac at the same time. (ventually, instead of charging

the merchants, the goldsmiths paid them to deposit their gold and silver.

The ban of (ngland was formed in 5@EF to borrow money from the public

for the government to finance the war of Augsburg against /rance. By 5?E,

goldsmith were using ban of (ngland notes of their own receipts.

2ew technology transformed the baning industry in the 5E??Cs round the

world, bans merged into larger and fewer groups and expanded into other

country.

BANKING STRUCTURE IN INDIA:


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In todayCs dynamic world bans are inevitable for the development of a

country. Bans play a pivotal role in enhancing each and every sector. Theyhave helped bring a draw of development on the worldCs hori"on and

developing country lie India is no exception.

Bans fulfills the role of a financial intermediary. This means that it acts as a

vehicle for moving finance from those who have surplus money to Ghowever

temporarily+ those who have deficit. In everyday branch terms the bans

channel funds from depositors whose accounts are in credit to borrowers who

are in debit.

3ithout the intermediary of the bans both their depositors and their

borrowers would have to contact each other directly. This can and does

happen of course. This is what has lead to the very foundation of financial

institution lie bans.

Before few decades there existed some influential people who used to land

money. But a substantially high rate of interest was charged which made

borrowing of money out of the reach of the majority of the people so there

arose a need for a financial intermediate.

The Ban have developed their roles to such an extent that a direct contact

between the depositors and borrowers in now nown as disintermediation.

Baning industry has always revolved around the traditional function of

taing deposits, money transfer and maing advances. Those three are closely

related to each other, the objective being to lend money, which is the

profitable activity of the three. Taing deposits generates funds for lending

and money transfer services are necessary for the attention of deposits. The


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Ban have introduced progressively more sophisticated versions of these

services and have diversified introduction in numerable areas of activity not

directly relating to this traditionaltrinity.

INDIAN BANKING SYSTEM

/oreign

-ublic 'ector

Bans

Non-Schedule Banks

eserve Ban of India

'chedule Bans

'tate co


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INDIAN BANKING INDUSTRY ANALYSIS:

The baning scenario in India has been changing at fast pace from being just

the borrowers and lenders traditionally, the focus has shifted to more


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differentiated and customi"ed productHservice provider from regulation to

liberali"ation in the year 5EE5, from planned economy to maret.

(conomy, from licensing to integration with lobal (conomics, the changeshave been swift. All most all the sector operating in the economy was

affected and baning sector is no exception to this. Thus the whole of the

baning system in the country has undergone a radical change. 4et us see

how baning has evolved in the past > years of independence.

After independence in 5EF and proclamation in 5E>? the country set about

drawing its road map for the future public ownership of bans was seen

inevitable and 'BI was created in 5E>> to spearhead the expansion of

baning into rural India and speed up the process of magneti"ation.

-olitical compulsionCs brought about nationali"ation of ban in 5E@E and

lobbying by ban employees and their unions added to the list of nationali"ed

bans a few years later.

'lowly the unions grew in strength, while ban management stagnated. The

casualty was to the customer service declined, complaints increased and ban

management was unable to item the rot.

In the meantime, technology was becoming a global phenomenon lacing a

vision of the future and the bans erred badly in opposing the technology up

gradation of bans. They mistaenly believed the technology would lead to

retrenchment and eventually the marginali"ation of unions.

The problem faced by the baning industry soon surfaced in their balance

sheets. But the prevailing accounting practices unable bans to dodge the

issue.

The rules of the game under which bans operated changed in 5EE&. 2orms


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or income ecognition, Assets classification and loan loss provisioning were

put in place and capital adeuacy ratio become mandatory. The cumulative

impact of all these changes has been on the concept of state ownership in

bans. It is increasingly becoming clear that the state ownership in ban is no

longer sustainable.

The amendment of baning regulation act in 5EE& saw the entry of new

private sector bans and foreign bans.

MA/OR PLAYER IN INDIA

11 A8I' BA21 4T*

11 A8I' BA21 4T*

11 'TAT( BA21 !/ I2*IA 4T*


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11 -62;AB 2AT!I2A4 BA21 4T*

11 BA21 !/ BA!*A 4T*

11 /(*(A4 BA21 4T*

11 %*/0 BA21 4T*

11 I2 97'7A BA21 4T*

11 I*BI BA21 4T*

111 I2*6'I2* BA21 4T*

1117(' BA21 4T*


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Pr$%01e

Axis Ban is one of the fastest growing bans in the country and has an

extremely competitive and profitable baning franchise evidenced by

0omprehensive portfolio of baning services including 0orporate 0redit,

etail Baning, Business Baning, 0apital Marets, Treasury and

International Baning.

The -osition as on &5st March )??D was as under ?,??,??? 2o. of euity shares of s 5? each at a premium of s

55 per share aggregating to s &5.>? crores and !ffer for sale of ),??,??,???

2o. of euity shares for cash at a price of s )5 per share. !ut of the public

issue ),)?,??? shares were reserved for allotment on preferential basis to

employees of 6TI Ban. Balance of &,F,D?,??? shares were offered to the

public. The company offers ATM cards, using which account


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5666: 6TI Ban and 0itiban have launched an international co crore. /or

the second uarter ended 'eptember &?, )???, the net profit was s 5E.?D

crore. The total income of the ban during the uarter was up >& per cent at

s &@@.)> crore.


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;;: 6TI Ban 4td has informed B'( that 'hri B Barwale has resigned

as a *irector of the Ban w.e.f. ;anuary ?), )??). A 0 'hah, formerchairman

of Ban of Baroda, also retired from the banCs board in the third uarter of

last year. %is place continues to be vacant. M *amodaran too over as the

director of the board after taing in the reins of 6TI. B ' -andit has also

joined the banCs board subseuent to the retirement of 1 9assal. 6TI

Ban 4td has informed that 'hri -aul /letcher has been appointed as an

Additional *irector 2ominee of 0*0 /inancial 'ervice GMauritius+ 4td of

the Ban.And 'hri *onald -ec has been appointed as an Additional *irector

Gnominee of 'outh Asia egional /und+ of the Ban. 6TI Ban 4td has

informed that on laying down the office of 0hairman of 4I0 on being

appointed as 0hairman of '(BI, 'hri 2 Bajpai, 2ominee *irector of 4I0

has resigned as a *irector of the Ban.

;;: B -aranjpe O Abid %ussain cease to be the *irectors of 6TI Ban.6TI

Ban 4td has informed that in the meeting of the Board of *irectors

following decisions were taen Mr 7ash Mahajan, 9ice 0hairman and

Managing *irector of -unjab Tractors 4td were appointed as an Additional

*irector with immediate effect. Mr 2 0 'inghal former 9ice 0hairman and

Managing *irector of '0I0I was appointed as an Additional *irector with

immediate effect. AB2 Amro, 6TI Ban in pact to share ATM. 6TI Ban

4td has informed B'( that a meeting of the Board of *irectors of the Ban is

scheduled to be held on !ctober )F, )??) to consider and tae on record the

unaudited half yearlyHuarterly financial results of the Ban for the half

yearH=uarter ended 'eptember &?, )??). 6TI Ban 4td has informed that

'hri ; M Trivedi has been appointed as an alternate director to 'hri *onald

-ec with effect from 2ovember ), )??).

;;7: 6TI Ban 4td has informed B'( that at the meeting of the Board of*irectors of the company held on ;anuary 5@, )??&, 'hri 2 Bharadwaj,


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Managing *irector of 4I0 has been appointed as an Additional *irector of

the Ban with immediate effect.< 6TI Ban, the private sector ban has

opened a branch at 2ellore. The banCs 0hairman and Managing *irector, *r

-.;. 2aya, inaugurating the ban branch at T oad on May )@. 'peaing

on the occasion, *r 2aya said. This mars another step towards the

extensive customer baning focus that we are providing across the country

and reinforces our commitment to bring superior baning services, mared by

convenience and closeness to customers. , )??& the B!* have decided the

following 5+ To appoint Mr. A T -annir 'elvam, former 0M* of 6nion

Ban of India and -rof. ;ayanth 9arma of the Indian Institute of

Management, Ahmedabad as additional directors of the Ban with immediate

effect. /urther, Mr. -annir 'elvam will be the nominee director of the

Administrator of the specified undertaing of the 6nit Trust of India G6TI


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of India G6TI


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MANAGEMENT OF A4IS BANK

Pr$m$ters:Axis Ban 4td. has been promoted by the largest and the best

/inancial Institution of the country, 6TI. The Ban was set up with a capital

of s. 55> crore, with 6TI contributing s. 5?? 0rore, 4I0 < s. .> 0rore

and I0 and its four subsidiaries contributing s. 5.> 0rore each '66TI

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