from the work life experience in Citi N.A. Besides this‚ we have taken interview of some managers and clients of the bank to get better knowledge. We also took the assistance of Citiservice and Payment unit of the bank. We used textbooks for the formulas of process analysis. 1.5 Limitations: The following were some of the constraints that we faced while completing the report: The main obstacle of the report is time bindings. Due to some restrictions in the bank some data could not be shared
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ROLE OF BANKS First‚ they take a leading role in developing other financial intermediaries and markets. Second‚ due to the absence of well-developed equity and bond markets‚ the corporate sector depends heavily on banks to meet its financing needs. Finally‚ in emerging markets such as India‚ banks cater to the needs of a vast number of savers from the household sector‚ who prefer assured income and liquidity and safety of funds‚ because of their inadequate capacity to manage financial risks Definition
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Role of Information Technology (IT) in the Banking Sector Banking environment has become highly competitive today. To be able to survive and grow in the changing market environment banks are going for the latest technologies‚ which is being perceived as an ‘enabling resource’ that can help in developing learner and more flexible structure that can respond quickly to the dynamics of a fast changing market scenario. It is also viewed as an instrument of cost reduction and effective communication with
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ID : 1613946 CLASS: TUTORIAL 13 (12339) Banks play a central role in the economy‚ they create and maintain the flow of money between surplus and deficit unit and by this facilitate the process of production‚ distribution‚ exchange and consumption of wealth. If there were no bank activities‚ a large of amount of capital of the economy would be idle. Hence‚ banking activities are vital for the development of an economy. Another function of the bank is risk spreading. They transform risky asset
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economists called it even worse than the Great Depression. Whether it was or not‚ that’s something that could be argued. But everyone was of the view that the crisis is really very serious. As a result of it large financial institutions collapsed‚ banks were being bailed out by the national governments and stock markets tanked to their new lows. This caused the collapse of housing markets in many countries‚ consumer spending suffered immensely as a result‚ industries went bankrupt‚ businesses closed
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a comparative study of nri accounts between citi bank & hdfc submittted by: Suvaneel Moulick(12DMO65) Tanmoy Ghosh (12DMO36) Ankita Mohapatra (12DMO79) Deo prakash Pandey (12DM110) Ashish Kumar Maikap(12DM019) Introduction of citi bank: * On June 16‚ 1812‚ with $2 million of capital‚ City Bank of New York (which is now known as Citibank) opened for business in the City of New York in the United States to serve a group of New York Merchants
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MARKETING 611 SECTION 005 CITIBANK INDIA CASE Learning Team A5: Mohammad Al-Ali‚ Greta Carlson‚ Patricia Ligon‚ Scott Schultz‚ Mike Xu‚ Max Young Word Count: 1496 In assessing the marketing strategy of Citibank India’s credit card business‚ Harpreet Grewal is faced with two choices: maintain the current strategy‚ with its higher margins but shrinking growth opportunities‚ or expand into new target segments/geographies with their attendant challenges and uncertainties. He would likely
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University College Dublin Quinn School of Business FIN 30170 – ADVANCED CORPORATE FINANCE Semester 1 – 2012/13 CITIGROUP INC. Group Report Group 23 Allan Carr Bernadino Folle Lopez Yat Him Lewis Lau 9606246. 12254860. 12251351. Pak Chan Shaopeng Wang 12253367. 12251293. Table of Contents 1 Introduction.........................................................................................................................3 2 How proposed capital expenditures should be assessed.......
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The Role of Foreign Banks in India Foreign Banks operating in India are banks of other countries having their branches in India. At present there are about sixteen such banks having a total of about 180 branches in most of the big cities of the country. These Foreign Banks have a flourishing business and earn large profits. Indian Banks also have their branches in other countries‚ and they‚ too‚ are doing well. Some economists are of the view that Foreign Banks should‚ not be allowed to operate
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Bank of America is one of the world’s largest financial institutions‚ serving individual consumers‚ small and middle market businesses and large corporations with a full range of banking‚ investing‚ asset management and other financial and risk-management products and services. The company provides unmatched convenience in the United States‚ serving more than 59 million consumer and small business relationships with more than 6‚100 retail banking offices‚ more than 18‚000 ATMs and an online banking
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