Axis bank recruitment

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Transcript of Axis bank recruitment

  • 1.1 Summer Training report On RECRUITMENT OF INSURANCE ADVISOR AT AXIS BANK, KARNAL SUBMITTED IN THE PARTIAL FULFILLMENT OF THE REQUIREMENT FOR THE AWARD OF DEGREE OF MASTER OF BUSINESS ADMINISTRATION (Session 2012-14) Submitted By Shiva Kamboj MBA 2nd Year Roll No- 121 SUBMITTED TO: UNIVERSITY SCHOOL OF MANAGEMENT KURUKSHETRA UNIVERSITY, KURUKSHETRA

2. 2 DECLARATION I Shiva Kamboj do hereby declare that the training report entitled RECRUITMENT OF INSURANCE ADVISOR Karnal submitted by me for the partial of fulfillment of degree of Master of Business Administration from Kurukshetra University, Kurukshetra, is having original work conducted by me. The data and facts provided in the report are authentic to the best of my knowledge. I solemnly declare that the work done by me is original and no copy of it has been submitted to any other university for award of any other degree, diploma, and fellowship on similar topic. SHIVA KAMBOJ 3. 3 ORGANIZATION CERTIFICATE 4. 4 ACKNOWLEDGEMENT A undertaken of study like this is never the out some of effort of a single person so I would be failing in duty if I dont say a word of thanks to all those who have been the source of guidance, advice, co-operation and having taken pain in acquainting me required information and data for the fulfillment of my project report successfully. I am earnestly grateful to Mr. Harpinder Singh(Branch Manager)and Mr. Varun for providing me an opportunity to undertake project work in their esteemed organization and practical training, which will go long term in shaping my career. I am deeply indebted to our Director Dr. B.S.Bodla and all my faculty members of the institute for their valuable contribution during the academic session and guidance in preparation of this project report. I especially want to thank my guide Dr.R.C.Dalal (Faculty of Finance) and Ms.Pallavi (Assistant Professor) for guiding, supporting, also for giving a very patient hearing whenever I needed. Finally, it is efforts of my parents and esteemed friends and the Almighty God who have been a source of strength and confidence for me in this endeavor. SHIVA KAMBOJ MBA 2ND YEAR 5. 5 PREFACE This training is a part of MBA 2 Years program .This is basically designed to expose the students of MBA 2 Years course to real life situation of an organization. This helps the students in developing the decision-making abilities. To develop healthy managerial and administrative skills potential managers, it is necessary that theoretical knowledge must be supplemented with exposure of real life environment. Actually, it is very vital for management and is in practical training. I did my training at AXIS BANK, KARNAL. I prepared a report of Recruitment in Axis Bank. I gained knowledge of about the recruitment in the bank. SHIVA KAMBOJ MBA 2nd year USM KUK 6. 6 EXECUTIVE SUMMARY The project deals with the in depth study of RECRUITMENT IN AXIS bank. Bank plays a very important role in the economic life of the nation. The health of the economy is closely related to the soundness of its banking system. Although banks create no new wealth but their borrowing, lending and related activities facilitate the process of production, distribution, exchange and consumption of wealth. In this way they become very effective partners in the process of economic development. India has a well developed banking system. Most of the banks in India were founded by Indian entrepreneurs and visionaries in the pre-independence era to provide financial assistance to traders, agriculturists and budding Indian industrialists. Axis Bank was the first of the new private banks to have begun operations in 1994, after the Government of India allowed new private banks to be established. I did my summer internship from Axis Bank, Karnal Branch. My objective behind this project is to know the customer preference towards agriculture loans of Axis bank. Through my project I got to know that Agricultural loans are available for a multiple farming purposes. There are also special loans to finance the purchase of agricultural machinery such as tractors, harvesters and trucks. Construction of biogas plants and irrigation systems as well as the purchase of agricultural land may also be financed through special types of agricultural finance. There are certain schemes like kishan power etc. are available for the framers In my report i have used Descriptive study to know the customer preference level towards agricultural loans. For the study i have used primary method of data collection an attempt has been made to present the data in pie charts, bar graphs, line graphs. The Analysis revealed that the farmers are satisfied with the agriculture loans given by AXIS bank. I can say that the project gave me ample opportunities to understand the nitty-grittys of corporate world. 7. 7 CONTENTS Chapter No. Title of the Chapter Page No 1. INTRODUCTION 8-33 2. INTRODUCTION OF COMPANY PROFILE 34-43 3. RESEARCH METHODOLOGY OBJECTIVES OF STUDY RESEARCH & SAMPLE DESIGN SIGNIFICANCE OF STUDY SCOPE OF STUDY LIMITATIONS OF STUDY 44-48 4. ANALYSIS AND INTERPRETATION 49-55 5. SWOT ANALYSIS 56-57 6. FINDINGS AND CONCLUSIONS 58-59 7. RECOMENDATIONS AND SUGGESTIONS 60-61 BIBLIOGRAPHY 62 8. 8 CHAPTER NO-1 INTRODUCTION INTRODUCTION OF THE COMPANY The project deals with the in depth study of RECRUITMENT IN AXIS bank. Bank plays a very important role in the economic life of the nation. The health of the economy is closely related to the soundness of its banking system. Although banks create no new wealth but their borrowing, lending and related activities facilitate the process of production, distribution, exchange and consumption of wealth. In this way they become very effective partners in the process of economic development. India has a well developed banking system. Most of the banks in India were founded by Indian entrepreneurs and visionaries in the pre-independence era to provide financial assistance to traders, agriculturists and budding Indian industrialists. Axis Bank was the first of the new private banks to have begun operations in 1994, after the Government of India allowed new private banks to be established. I did my summer internship from Axis Bank, Karnal Branch. My objective behind this project is to know the recruitment process of Axis bank. Through my project I got to know that how recruitment is done in Axis Bank. In my report i have used Exploratory study to know the recruitment process of Axis Bank. For the study i have used primary method of data collection an attempt has been made to present the data in pie charts. 9. 9 INDUSTRY PROFILE BANKING INDUSTRY AT GLANCE Bank plays a very important role in the economic life of the nation. The health of the economy is closely related to the soundness of its banking system. Although banks create no new wealth but their borrowing, lending and related activities facilitate the process of production, distribution, exchange and consumption of wealth. In this way they become very effective partners in the process of economic development. Today modern banks are very useful for the utilization of the resources of the country. The banks are mobilizing the savings of the people for the investment purposes. If there would be no banks then a great portion of a capital of the country would remain idle. Modern banks are playing lots of new roles and making life of common consumer as well as businessmen easy. As Loan facility provided by banks work as an incentive to the producer to increase the production, if the finance is not provided to Agricultural sector or industrial sector, it will be destroyed. Many difficulties in the international payments have been overcome and volume of transactions has been increased. Cheques, drafts, bills of exchange and letters of credit are very important instruments of the banks. The banks collect these instruments drawn on banks in other cities or countries and proceeds according to the accounts of the customer's concerns. Be it developed economies or underdeveloped, banks play vital role. In India, the definition of the business of banking has been given in the Banking Regulation Act, (BR Act), 1949. According to Section 5(c) of the BR Act, 'a banking company is a company which transacts the business of banking in India.' Further, Section 5(b) of the BR Act defines banking as, 'accepting, for the purpose of lending or investment, of deposits of money from the public, repayable on demand or otherwise, and withdraw able by cheque, draft, order or 10. 10 otherwise.' This definition points to the three primary activities of a commercial bank which distinguish it from the other financial institutions. These are: (i) maintaining deposit accounts including current accounts, (ii) issue and pay cheques and (iii) collect cheques for the bank's customers. History of banking in India The first bank in India, through conservative was established in 1786.The journey of Indian banking system can be segregated into three different phases. Phases 1 (1786 to 1969) 1786: The General bank of India. Next come bank of Hindustan bank and Bengal Bank. The East India Company established Bank of Bengal (1809),Bank of Bombay (1840) and Bank of Madras(1843) as independent units and called it presidency Banks. These three Banks was amalgamated in 1920 and Imperical bank of India was established which started as private shareholders bank. In 1863 Allahabad Bank was established and first time exclusively by Indians, Punjab national Bank was set up in 1894 with headquarters at Lahore. Between 1906 to 1913, Bank of India, Bank of Baroda, Central Bank of India, Canara Bank, Indian bank and Bank of Mysore were set up. Reserve Bank of India came into existence in 1935. During the phase 1 growth rate was very slow Banks also experienced periodic failures between 1913 and 1948. There were approximately 1100 banks, mostly small. The government of India came into ba