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1
A
PROJECT REPORT
ON
ldquoTRAINING AND DEVELOPMENT ON HDFC BANKrdquo
K M AGRAWAL COLLEGE OF
ARTSSCIENCEampCOMMERCE
KALYAN (W)
SUBMITTED BY
DINESH G METKARI
ROLL NO 24
MCOMPART-1(MANAGEMENT)
GUIDED BY
MRS ANITA MANNA
2
INDEX
Sr no Name of the content Pg no
1 INDEX 2
2 DECLARATION 3
3 ACKKNOWLEDGEMENT 4
4 INTRODUCTION 5
5 ORGANIZATION PROFILE 7
6 CAPITAL STRUCTURE 9
7 BENEFITS OF FIVE bdquoS‟ 11
8 COLOR CODING 13
9 MANAGEMENT AND TECHNOLOGY
15
10 PRODUCT SCOPE 16
11 MILESTONE IN HISTORY 22
12 MERGER 26
13
QUALITY POLICY
27
14
OBJECTIVES OF RESEARCH PROJECTS
28
15 COLLECTION OF DATA 31
16 DATA ANALYSIS 32
17 CONCLUSION 39
18
BIBILOGRAPHY
40
3
DECLARATION
I MR DINESH G METKARI Student of K M AGRAWAL COLLEGE Master
of Commerce for the year 2012-13 hereby declared that I have completed
the project on ldquoPROJECT ON TRAINING AND DEVELOPMENT ON HDFC
BANKrdquo
I further declare that the information imparted is true and fair to
the best of my knowledge
__________________
DINESH G METKARI
ROLL NO 24
4
ACKNOWLEDGEMENT
I express my sincere thanks to MRS ANITA MANNA for his valuable
guidance in doing this project
I wish to make the opportunity to express my deep sense of gratitude to
PRINCIPAL MRS ANITA MANNA for their invaluable guidance and
support in this endeavour They have been a constant source of inspiration
Finally it is the foremost duty to thank all my respondents family and
friends who have helped me directly or indirectly in completing my field
work without which this project not have been successful
__________________
DINESH G METKARI
ROLL NO 24
5
ldquoPROJECT REPORT ON TRAINING AND DEVELOPMENTrdquo
UNDERTAKEN IN
INTRODUCTION
TRAINING
Training is concerned with imparting developing specific skills for a particular
purpose Training is the act of increasing the skills of an employees for doing a
particular job Training is the process of learning a sequence of programmed
behaviour In earlier practice training programme focused more on preparation for
6
improved performance in particular job Most of the trainees used to be from
operative levels like mechanics machines operators and other kinds of skilled
workers When the problems of supervision increased the step were taken to train
supervisors for better supervision
DEVELOPMENT
Management development is all those activities and programme when recognized
and controlled have substantial influence in changing the capacity of the individual
to perform his assignment better and in going so all likely to increase his potential
for future assignments Thus management development is a combination of
various training programme though some kind of training is necessary it is the
overall development of the competency of managerial personal in the light of the
present requirement as well as the future requirement Development an activity
designed to improve the performance of existing managers and to provide for a
planned growth of managers to meet future organizational requirements is
management development
REASON FOR SELECTION OF THIS TOPIC
The financial sector is one of the booming and increasing sectors in India The
Personal Banker are one of the most powerful efficient and effective channel
through which the company sales its various types of financial products and
company takes operational work also It is really difficult to convince customers
and sell a single product and accomplish operational work Whereas in my entire
project work I found my interest in working in a team dealing with customers and
finally convincing them to buy a product
7
IMPORTANCE TO THE COMPANY
The ultimate purpose of giving me this topic was to know about the customer‟s
perceptions about the different products of the bank and to know about operational
process how these products can attract them and how the company can generate
maximum profit by convincing them through personal banker and to better
understand customer requirement and to understand operational methodology
LEARNING FROM THE STUDY
The process of bank related transaction bank related various terms work
environment of HDFC Bank Different products and services provided by the bank
Customers‟ perception about the different products The brand image of the bank
What are the problems faced by customer on daily basis How to communicate
with the customers Different techniques of dealing with the customers How to
convince and convert a customer into a real customer and at the last how to better
response to the customer problem
ORGANIZATION PROFILE
COMPANY HISTORY The Housing Development Finance Corporation
Limited (HDFC) was amongst the first to receive an in principle approval from
the Reserve Bank of India (RBI) to set up a bank in the private sector as part of the
RBIs liberalization of the Indian Banking Industry in 1994 The bank was
incorporated in August 1994 in the name of HDFC Bank Limited with its
8
registered office in Mumbai India HDFC Bank commenced operations as a
Scheduled Commercial Bank in January 1995
PROMOTER
HDFC is Indias premier housing finance company and enjoys an impeccable track
record in India as well as in international markets Since its inception in 1977 the
Corporation has maintained a consistent and healthy growth in its operations to
remain the market leader in mortgages Its outstanding loan portfolio covers well
over a million dwelling units HDFC has developed significant expertise in retail
mortgage loans to different market segments and also has a large corporate client
base for its housing related credit facilities With its experience in the financial
9
markets a strong market reputation large shareholder base and unique consumer
franchise HDFC was ideally positioned to promote a bank in the Indian
environment
BUSINESS FOCUS
HDFC Banks mission is to be a World-Class Indian Bank The objective is to
build sound customer franchises across distinct businesses so as to be the preferred
provider of banking services for target retail and wholesale customer segments
and to achieve healthy growth in profitability consistent with the banks risk
appetite The bank is committed to maintain the highest level of ethical standards
professional integrity corporate governance and regulatory compliance HDFC
Banks business philosophy is based on four core values - Operational
Excellence Customer Focus Product Leadership and People
CAPITAL STRUCTURE
The authorized capital of HDFC Bank is Rs550 crore (Rs55 billion) The paid-up
capital is Rs4246 crore (Rs42 billion) The HDFC Group holds 194 of the
banks equity and about 176 of the equity is held by the ADS Depository (in
respect of the banks American Depository Shares (ADS) Issue) Roughly 28 of
the equity is held by Foreign Institutional Investors (FIIs) and the bank has about
570000 shareholders The shares are listed on the Stock Exchange Mumbai and
the National Stock Exchange The banks American Depository Shares are listed on
the New York Stock Exchange (NYSE) under the symbol HDB
10
DISTRIBUTION NETWORK
HDFC Bank headquartered is in Mumbai The Bank at present has an enviable
network of over 1229 branches spread over 444 cities across India All branches
are linked on an online real-time basis Customers in over 120 locations are also
serviced through Telephone Banking The Banks expansion plans take into
account the need to have a presence in all major industrial and commercial centers
where its corporate customers are located as well as the need to build a strong retail
customer base for both deposits and loan products Being a clearingsettlement
bank to various leading stock exchanges the Bank has branches in the centers
where the NSEBSE has a strong and active member base The Bank also has a
network of about over 2526 networked ATMs across these cities Moreover
HDFC Banks ATM network can be accessed by all domestic and international
VisaMasterCard Visa ElectronMaestro PlusCirrus and American Express
CreditCharge cardholders
STRONG NATIONAL NETWORK
11
WORK PLACE TRANSFORMATION
FIVE ldquoSrdquo PART OF KAIZEN
Focus on effective work place organization
believe in
ldquoSmall changes lead to large improvementrdquo
Every successful organization have their own strategy to win the race in the
competitive market They use some technique and methodology for smooth
running of business HDFC BANK also acquired the Japanese technique for
smooth running of work and effective work place organization
Five bdquoS‟ Part of Kaizen is the technique which is used in the bank for easy and
systematic work place and eliminating unnecessary things from the work place
BENEFIT OF FIVE ldquoSrdquo
It can be started immediately
Every one has to participate
Five ldquoSrdquo is an entirely people driven initiatives
Brings in concept of ownership
All wastage are made visible
12
FIVE bdquoS‟
S-1 SORT SEIRI
S-2 SYSTEMATIZE SEITON
S-3 SPIC-N-SPAN SEIRO
S-4 STANDARDIZE SEIKETSU
S-5 SUSTAIN SHITSUKE
1 SORT
It focus on eliminating unnecessary items from the work place It is excellent way
to free up valuable floor space It segregate items as per ldquorequire and wantedrdquo
2 SYSTEMATIZE
Systematize is focus on efficient and effective Storage method That means it
identify organize and arrange retrieval It largely focus on good labeling and
identification practices
Objective ldquoA place for everything and everything in its placerdquo
3 SPIC- n - SPAN
13
Spic-n-Span focuses on regular clearing and self inspection It brings in the sense
of ownership
4 STANDERDIZE
It focuses on simplification and standardization It involves standard rules and
policies It establish checklist to facilitate autonomous maintenance of workplace
It assigns responsibility for doing various jobs and decides on Five S frequency
5 SUSTAIN
It focuses on defining a new status and standard of organized work place Sustain
means regular training to maintain standards developed under S-4 It brings in self-
discipline and commitment towards workplace organization
COLOR CODING
In the HDFC BANK each department has their different color coding apply on the
different file Due to this everyone aware about their particular color file which is
coding on it and they save their valuable time It is a part of Kaizen and also
included in the system of the Five bdquoS‟ Logic behind it that the color coding are
always differentiate the things from the similar one
14
HUMAN
RESOURCES
The Bank‟s staffing
needs continued to
increase during the
year particularly in
the retail banking
businesses in line
with the business growth Total number of employees increased from 14878 as of
March31 2006 to 21477 as of March 31 2008The Bank continues to focus on
training its employees on a continuing basis both on the job and through training
programs conducted by internal and external faculty
The Bank has consistently believed that broader employee ownership of its shares
has a positive impact on its performance and employee motivation The Bank‟s
employee stock option scheme so far covers around 9000 employees
DEPARTMENT
Welcome Desk
Personal Banker
Teller
Relationship Manager
Branch Manager
Demat
Others
15
MANAGEMENT
Mr Jagdish Capoor took over as the banks Chairman in July 2001 Prior to this
Mr Capoor was a Deputy Governor of the Reserve Bank of India The Managing
Director Mr Aditya Puri has been a professional banker for over 25 years and
before joining HDFC Bank in 1994 was heading Citibanks operations in Malaysia
The Banks Board of Directors is composed of eminent individuals with a wealth of
experience in public policy administration industry and commercial banking
Senior executives representing HDFC are also on the Board Senior banking
professionals with substantial experience in India and abroad head various
businesses and functions and report to the Managing Director Given the
professional expertise of the management team and the overall focus on recruiting
and retaining the best talent in the industry the bank believes that its people are a
significant competitive strength
TECHNOLOGY
HDFC Bank operates in a highly automated environment in terms of information
technology and communication systems All the banks branches have online
connectivity which enables the bank to offer speedy funds transfer facilities to its
customers Multi-branch access is also provided to retail customers through the
branch network and Automated Teller Machines (ATMs) The Bank has made
substantial efforts and investments in acquiring the best technology available
internationally to build the infrastructure for a world class bank The Banks
business is supported by scalable and robust systems which ensure that our clients
16
always get the finest services we offer The Bank has prioritized its engagement in
technology and the internet as one of its key goals and has already made significant
progress in web-enabling its core businesses In
each of its businesses the Bank has succeeded in leveraging its market position
expertise and technology to create a competitive advantage and build market share
HDFC BANK business strategy emphasizes the following
Increase market share in India‟s expanding banking and financial services
industry by following a disciplined growth strategy focusing on quality and not
on quantity and delivering high quality customer service Leverage our technology
platform and open scaleable systems to deliver more products to more customers
and to control operating costs Maintain current high standards for asset quality
through disciplined credit risk managementDevelope innovative products and
services that attract the targeted customers and address inefficiencies in the
Indian financial sector Continue to develop products and services that reduce
bank‟s cost of funds Focus on high earnings growth with low volatility
PRODUCT SCOPE
HDFC Bank offers a bunch of products and services to meet the every need of the
people The company cares for both individuals as well as corporate and small and
medium enterprises For individuals the company has a range accounts
investment and pension scheme different types of loans and cards that assist the
17
customers The customers can choose the suitable one from a range of products
which will suit their life-stage and needs For organizations the company has a host
of customized solutions that range from funded services Non-funded services
Value addition services Mutual fund etc These affordable plans apart from
providing long term value to the employees help in enhancing goodwill of the
company The products of the company are categorized into various sections which
are as follows
Accounts and deposits
Loans
Investments and Insurance
Forex and payment services
Cards
Customer center
PRODUCTS AND SERVICES AT A GLANCE
1 PERSONAL BANKING SERVICES
A Accounts amp Deposits
Savings Account
Regular Savings Account
Savings Plus Account
Savings Max Account
18
Senior Citizens Account
No Frills Account
Institutional Savings Account
Payroll Salary Account
Classic Salary Account
Regular Salary Account
Premium Salary Account
Defence Salary Account
Kids Advantage Account
Pension Saving Bank Account
Family Savings Account
Kisan No Frills Savings Account
Kisan Club Savings Account
Current Account
Plus Current Account
Trade Current Account
Premium Current Account
Regular Current Account
Apex Current Account
Max Current Account
Reimbursement Current Account
Fixed Deposit
Regular Fixed Deposit
Super Saver Account
Sweep-in Account
19
Recurring Deposit
Demat Account
Safe Deposit Locker
B Loans
Personal Loans
Home Loans
Two Wheeler Loans
New Car Loans
Used Car Loans
Overdraft against Car
Express Loans
Loan against Securities
Loan against Property
Commercial Vehicle Finance
Working Capital Finance
Construction Equipment Finance
C Investments amp Insurance
Mutual Funds
Insurance
Bonds
Financial Planning
Knowledge Centre
Equities amp Derivatives
20
Mudra Gold Bar
D Forex Services
Trade Finance
Traveler‟s Cheques
Foreign Currency Cash
Foreign Currency Drafts
Foreign Currency Cheque Deposits
Foreign Currency Remittances
Forex Plus Card
E Payment Services
Net Safe
Prepaid Refill
Bill Pay
Direct Pay
Visa Money Transfer
E-Monies Electronic Funds Transfer
Excise amp Service Tax Payment
F Access Your Bank - One View
Insta Alerts
Mobile Banking
ATM
Phone Banking
21
Branch Network
G Cards
Silver Credit Card
Gold Credit Card
Womans Gold Credit Card
Platinum plus Credit Card
Titanium Credit Card
Value plus Credit Card
Health plus Credit Card
HDFC Bank Idea Silver Card
HDFC Bank Idea Gold Card
2 WHOLESALE BANKING SERVICES
Funded Services
Non Funded Services
Value Added Services
Internet Banking
Clearing Sub-Membership
RTGS ndash sub membership
Fund Transfer
ATM Tie-ups
Corporate Salary ac
Tax Collection
Financial Institutions
22
Mutual Funds
Stock Brokers
Insurance Companies
Commodities Business
Trusts
3 NRI BANKING SERVICES
Rupee Saving ac
Rupee Current ac
Rupee Fixed Deposits
Foreign Currency Deposits
Accounts for Returning Indians
Payment Services
Net Safe
Bill Pay
Insta Pay
Direct Pay
Visa Money
Online Donation
Remittances
MILESTONES IN THE HISTORY
23
HDFC Bank began its operations in 1995 with a simple mission to be a World-
class Indian Bank They realized that only a single-minded focus on product
quality and service excellence would help us get there Today they are proud to
say that they are well on our way towards that goal It is extremely gratifying that
their efforts towards providing customer convenience have been appreciated both
nationally and internationally
2009
Asia Money 2009 Awards Best Domestic Bank in India
IBA Banking Technology
Awards 2009
Best IT Governance Award - Runner up
Global Finance Award Best Trade Finance Bank in India for 2009
IDRBT Banking Technology
Excellence Award 2008
Best IT Governance and Value Delivery
Asian Banker Excellence in
Retail Financial Services
Asian Banker Best Retail Bank in India
Award 2009
24
2008
Finance Asia Country Awards
for Achievement 2008
Best Bank and Best Cash Management
Bank
CNN-IBN Indian of the Year (Business)
Nasscom IT User Award 2008 Best IT Adoption in the Banking Sector
Business India Best Bank 2008
Forbes Asia Fab 50 companies in Asia Pacific
Asian Banker Excellence in
Retail Financial Services
Best Retail Bank 2008
Asiamoney Best local Cash Management Bank Award voted
by Corporates
Microsoft amp Indian Express
Group
Security Strategist Award 2008
World Trade Center Award of
honour
For outstanding contribution to international
trade services
Business Today-Monitor
Group survey
One of Indias Most Innovative Companies
Financial Express-Ernst amp
Young Award
Best Bank Award in the Private Sector
category
Global HR Excellence Awards Employer Brand of the Year 2007 -2008
25
- Asia Pacific HRM Congress Award - First Runner up amp many more
Business Today Best Bank Award
2007
Dun amp Bradstreet ndash American
Express Corporate Best Bank
Award 2007
Corporate Best Bank Award
The Bombay Stock Exchange
and Nasscom Foundations
Business for Social
Responsibility Awards 2007
Best Corporate Social Responsibility
Practice Award
Outlook Money amp NDTV
Profit
Best Bank Award in the Private sector
category
The Asian Banker Excellence
in Retail Financial Services
Awards
Best Retail Bank in India
Asian Banker Our Managing Director Aditya Puri wins the
Leadership Achievement Award for India
26
MERGER
HDFC Bank and Centurion Bank of Punjab merger at share swap ratio of 129 The
Boards of HDFC Bank and Centurion Bank of Punjab met on 25 February 2008
and approved subject to due diligence the share swap ratio for the proposed
merger of Centurion Bank of Punjab with HDFC Bank The Scheme of
Amalgamation envisages a share exchange ratio of one share of HDFC Bank for
twenty nine shares of Centurion Bank of Punjab The combined entity would have
a nationwide network of 1148 branches (the largest amongst private sector Banks)
a strong deposit base of around Rs 1200 billion and net advances of around Rs
850billion The balance sheet size of the combined entity would be over Rs 1500
billion Commenting on the proposed merger Mr Deepak Parekh Chairman
HDFC said ldquoWe were amongst the first to get a banking license the first to do a
merger in the private sector with Times Bank in 1999 and now if this deal
happens it would be the largest merger in the private sector banking space in
India HDFC Bank was looking for an appropriate merger opportunity that would
add scale geography and experienced staff to its franchise This opportunity arose
and we thought it is an attractive route to supplement HDFC Bank‟s organic
growth We believe that Centurion Bank of Punjab would be the right fit in terms
of culture strategic intent and approach to businessrdquo Mr Aditya Puri Managing
Director HDFC Bank said ldquoThese are exciting times for the Indian banking
industry The proposed merger will position the combined entity to significantly
exploit opportunities in a market globally recognized as one of the fastest growing
27
I‟m particularly bullish about the potential of business synergies and cultural fit
between the two organizations The combined entity will be an even greater force
in the marketrdquo Mr Rana Talwar Chairman Centurion Bank of Punjab stated
ldquoOver the last few years Centurion Bank of Punjab has set benchmarks for growth
The bank today has a large nationwide network an extremely valuable franchise
7500
talented employees and strong leadership positions in the market place I believe
that the merger with HDFC Bank will create a world class bank in quality and
scale and will set the stage to compete with banks both locally as well on a global
levelrdquo
Mr Shailendra Bhandari Managing Director and CEO Centurion Bank of Punjab
said ldquoWe are extremely pleased to receive the go ahead from our board to pursue
this opportunity A merger between the banks provides significant synergies to the
combined entity The proposed merger would further improve the franchise and
customer proposition offered by the individual banksrdquo
QUALITY POLICY
SECURITY The bank provides long term financial security to their policy The
bank does this by offering life insurance and pension products
28
TRUST The bank appreciates the trust placed by their policy holders in the bank
Hence it will aim to manage their investments very carefully and live up to this
trust
INNOVATION Recognizing the different needs of our customers the bank offers
a range of innovative products to meet these needs
INTEGRITY CUSTOMER CENTRIC PEOPLE CARE ldquoONE FOR ALL AND
ALL FOR ONErdquo TEAM WORK JOY AND SIMPLICITY
RESEARCH OBJECTIVES AND SCOPE OF RESEARCH PROJECT
PROBLEM DEFINATION
Personal Banker were with good background human being and through rigorous
process of recruitment but still not able to perform up to the expectation level of
company HR is not able to sort out the problem why the performance is not
coming even after giving the full marketing and operational support The
communication technique and dealing with the customers is also a problem to the
personal banker
OBJECTIVES OF RESEARCH PROJECT
PRIMARY OBJECTIVES
To acquire new customer by convincing them and to promote the benefits of
those which are provided by the bank
29
To find the different way of convincing customers
To study brand image of the bank
To increase the business of the bank
SECONDARY OBJECTIVES
To determine the need and purpose of a personal banker
To understand the deciding criteria for people to become a personal banker
To offer suggestions based upon the findings
PRODUCT SCOPE
Studying the increasing business scope of the bank Market segmentation to find
the potential customers for the bank To study how the various products are
positioned in the market Corporate marketing of products Customers‟ perception
on the various products of the bank
RESEARCH METHODOLOGY AND LIMITATIONS
All the findings and conclusions obtained are based on the survey done in the
working area within the time limit I tried to select the sample representative of the
whole group during my summer training I have collected data from people linked
with different professional at Gorakhpur
30
RESEARCH PLAN
PRELIMINARY INVESTIGATION
In which data on the situation surrounding the problems shall be gathered to
arrive at
The correct definition of the problem An understanding of its environment
EXPLORATORY STUDY
To determine the approximate area where the problem lies
RESEARCH DESIGN
Research was initiated by examining the secondary data to gain insight into the
problem By analyzing the secondary data the study aim is to explore the short
comings of the present system and primary data will help to validate the analysis of
secondary data besides on unrevealing the areas which calls for improvement
DEVELOPING THE RESEARCH PLAN
The data for this research project has been collected through self Administration
Due to time limitation and other constraints direct personal interview method is
31
used A structured questionnaire was framed as it is less time consuming generates
specific and to the point
information easier to tabulate and interpret Moreover respondents prefer to give
direct answers In questionnaires open ended and closed ended both the types of
questions has been used
COLLECTION OF DATA
1 SECONDARY DATA It was collected from internal sources The secondary
data was collected on the basis of organizational file official records news papers
magazines management books preserved information in the company‟s database
and website of the company
2 PRIMARY DATA All the people from different profession were personally
visited and interviewed They were the main source of Primary data The method
of collection of primary data was direct personal interview through a structured
questionnaire
SAMPLING PLAN Since it is not possible to study whole universe it becomes
necessary to take sample from the universe to know about its characteristics
Sampling Units Different professionals Chartered Accountants Tax
Consultants Lawyers Business Man Professionals and House Wives of
Gorakhpur
Sample Technique Random Sampling
32
Research Instrument Structured Questionnaire
Contact Method Personal Interview
SAMPLE SIZE My sample size for this project was 50 respondents Since it was
not possible to cover the whole universe in the available time period it was
necessary for me to take a sample size of 50 respondents
DATA COLLECTION INSTRUMENT DEVELOPMENT The mode of
collection of data will be based on Survey Method and Field Activity Primary data
collection will base on personal interview I have prepared the questionnaire
according to the necessity of the data to be collected
RESEARCH LIMITATIONS
It was not possible to understand thoroughly about the different marketing aspects
of the Financial Consultant within 60 days As stipend money was not given it was
difficult to continue the project work All the work was limited in some limited
areas of Gorakhpur so the findings should not be generalized The area of research
was Gorakhpur and it was too vast an area to cover within 60 days
DATA ANALYSIS INTERPRETATION AND PRESENTATION
Q1Your Age
33
Ans
1 18-23 Years 10 Person
2 24-29 Years 20 Person
3 30-35 Years 10 Person
4 35 Years and above 10 Person
Base 50 respondents
Interpretation From above response it can be seen that
20 respondent‟s age are 18 to 23 years
35 respondent‟s age are 24 to 29 years
30 respondent‟s age are 30 to 35 years
15 respondent‟s age are 35 to above years
Q2 Marital Status
bull Married bull Single
No of Children __________
Ans
Married 32 Person
Single 18 Person
No of Children Nil
Interpretation From above response it can be seen that
70 respondents are married
30 respondents are unmarried
Q3 Educational Qualification
34
Undergraduate
Graduate
Postgraduate
9Ans
Undergraduate 10 Person
Graduate 22 Person
Postgraduate 18 Person
Interpretation From above response it can be seen that
25 respondents are Under graduate
40 respondents are Graduate
35 respondents are Post graduate
Q4 Number Of year‟s Are You in Gorakhpur
Less than five year‟s
More than five year‟s
Ans
Less than five year‟s 17 Person
More than five year‟s 33 Person
Interpretation From above response it can be seen
that
39 respondents are in Gorakhpur for less than five years
61 respondents are in Gorakhpur for more than five years
Q5 Your Occupation
Business
35
Profession
Service
Ans
Business 13 Person
Profession 17 Person
Service 20 Person
Interpretation From above response it can be seen that
20 respondents Occupation is Business
26 respondents Occupation is Profession
54 respondents Occupation is Service
Q6 Your annual household income
Less than 2 lacs
Between 2 to 5 lacs
Between 5to 8 lacs
More than 8 lacs
Ans
Less than 2 lacs 32 Person
Between 2 to 5 lacs 13 Person
Between 5to 8 lacs 3 Person
More than 8 lacs 2 Person
Interpretation From above response it can be seen that
49 respondent‟s annual household income is less than 2 lacs
31 respondent‟s annual household income is between 2 to 5 lacs
15 respondent‟s annual household income is between 5 to 8 lacs
36
5 respondent‟s annual household income is more than 8 lacs
Q7 What is your perception about different productsservices provided by HDFC
bank
Lucrative
Not lucrative
No idea
Ans
Lucrative 12 Person
Not lucrative 33 Person
No idea 5 Person
Interpretation From above response it can be seen that
25 respondent‟s perception about different products is lucrative
60 respondent‟s perception about
different products is not lucrative
15 respondent‟s have no idea
Q8 Do you want to open an account with HDFC bank
Yes
No
Will tell later
Ans
Yes 8 Person
No 5 Person
Will tell later 37 Person
37
Interpretation From above response it can be seen that
80 respondents are not interested to open an account with the bank
5 respondents are interested to open an account with the bank
15 of the respondents say that they will tell later
Q9 Do you have all the documents which are required to open an account
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
60 respondents have all the documents which are required to open an
account with the bank
25 respondents do not have all the documents which are required to open
an account with the bank
Q10 Are you aware that the bank provides you free phone banking amp net banking
services If you open a new savings account with HDFC bank
Yes
No
Ans
Yes 32 Person
No 18 Person
Interpretation From above response it can be seen that
38
20 respondents are aware of it
40 respondents are not aware of it
Q11Are you aware of different terms and conditions which are very much
essential to maintain an account at HDFC Bank
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
12 respondents are familiar with different terms and conditions which are
very much essential to maintain account with the bank
88 respondents have no idea about it
Q13 Do you know about HDFC Bank‟s recruitment policies related to personal
banker
Yes
No
Ans
Yes 38 Person
No 12 Person
Interpretation From above response it can be seen that
41 respondents are known about HDFC Bank‟s recruitment policies
related to personal banker
39
59 respondents are not known about HDFC Bank‟s recruitment policies
related to personal banker
CONCLUSIONS
HDFC Bank the banking arm of HDFC is expected to go on stream The bank
already has good number of employees on board and is recruiting personal banker
heavily to take the headcount to many more It is on the brim of increasing its
customers through its attractive schemes and offer
The project opportunities provided was market segmentation and identifying
prospective customers in potential geographical location and convincing them to
attract more customers so that new business opportunities of the bank can be
explored Through this project it could be concluded that people are not much
aware about the various products of the bank and many of them not interested to
open an account to invest money at all services was considered as unsought good
which require hard core selling but in changing trend in income and people
becoming financially literate the demand for banking sector is increasing day by
day
So at last the conclusion is that there is tough competition ahead for the company
from its major competitors in the banking sector Last but not the least I would like
to thank HDFC Bank for giving me an opportunity to work in the field of
Marketing and Operation I hope the company finds my analysis relevant
40
BIBLIOGRAPHY
1 WEBSITES
wwwhdfcbankcom wwwgooglecom
2
INDEX
Sr no Name of the content Pg no
1 INDEX 2
2 DECLARATION 3
3 ACKKNOWLEDGEMENT 4
4 INTRODUCTION 5
5 ORGANIZATION PROFILE 7
6 CAPITAL STRUCTURE 9
7 BENEFITS OF FIVE bdquoS‟ 11
8 COLOR CODING 13
9 MANAGEMENT AND TECHNOLOGY
15
10 PRODUCT SCOPE 16
11 MILESTONE IN HISTORY 22
12 MERGER 26
13
QUALITY POLICY
27
14
OBJECTIVES OF RESEARCH PROJECTS
28
15 COLLECTION OF DATA 31
16 DATA ANALYSIS 32
17 CONCLUSION 39
18
BIBILOGRAPHY
40
3
DECLARATION
I MR DINESH G METKARI Student of K M AGRAWAL COLLEGE Master
of Commerce for the year 2012-13 hereby declared that I have completed
the project on ldquoPROJECT ON TRAINING AND DEVELOPMENT ON HDFC
BANKrdquo
I further declare that the information imparted is true and fair to
the best of my knowledge
__________________
DINESH G METKARI
ROLL NO 24
4
ACKNOWLEDGEMENT
I express my sincere thanks to MRS ANITA MANNA for his valuable
guidance in doing this project
I wish to make the opportunity to express my deep sense of gratitude to
PRINCIPAL MRS ANITA MANNA for their invaluable guidance and
support in this endeavour They have been a constant source of inspiration
Finally it is the foremost duty to thank all my respondents family and
friends who have helped me directly or indirectly in completing my field
work without which this project not have been successful
__________________
DINESH G METKARI
ROLL NO 24
5
ldquoPROJECT REPORT ON TRAINING AND DEVELOPMENTrdquo
UNDERTAKEN IN
INTRODUCTION
TRAINING
Training is concerned with imparting developing specific skills for a particular
purpose Training is the act of increasing the skills of an employees for doing a
particular job Training is the process of learning a sequence of programmed
behaviour In earlier practice training programme focused more on preparation for
6
improved performance in particular job Most of the trainees used to be from
operative levels like mechanics machines operators and other kinds of skilled
workers When the problems of supervision increased the step were taken to train
supervisors for better supervision
DEVELOPMENT
Management development is all those activities and programme when recognized
and controlled have substantial influence in changing the capacity of the individual
to perform his assignment better and in going so all likely to increase his potential
for future assignments Thus management development is a combination of
various training programme though some kind of training is necessary it is the
overall development of the competency of managerial personal in the light of the
present requirement as well as the future requirement Development an activity
designed to improve the performance of existing managers and to provide for a
planned growth of managers to meet future organizational requirements is
management development
REASON FOR SELECTION OF THIS TOPIC
The financial sector is one of the booming and increasing sectors in India The
Personal Banker are one of the most powerful efficient and effective channel
through which the company sales its various types of financial products and
company takes operational work also It is really difficult to convince customers
and sell a single product and accomplish operational work Whereas in my entire
project work I found my interest in working in a team dealing with customers and
finally convincing them to buy a product
7
IMPORTANCE TO THE COMPANY
The ultimate purpose of giving me this topic was to know about the customer‟s
perceptions about the different products of the bank and to know about operational
process how these products can attract them and how the company can generate
maximum profit by convincing them through personal banker and to better
understand customer requirement and to understand operational methodology
LEARNING FROM THE STUDY
The process of bank related transaction bank related various terms work
environment of HDFC Bank Different products and services provided by the bank
Customers‟ perception about the different products The brand image of the bank
What are the problems faced by customer on daily basis How to communicate
with the customers Different techniques of dealing with the customers How to
convince and convert a customer into a real customer and at the last how to better
response to the customer problem
ORGANIZATION PROFILE
COMPANY HISTORY The Housing Development Finance Corporation
Limited (HDFC) was amongst the first to receive an in principle approval from
the Reserve Bank of India (RBI) to set up a bank in the private sector as part of the
RBIs liberalization of the Indian Banking Industry in 1994 The bank was
incorporated in August 1994 in the name of HDFC Bank Limited with its
8
registered office in Mumbai India HDFC Bank commenced operations as a
Scheduled Commercial Bank in January 1995
PROMOTER
HDFC is Indias premier housing finance company and enjoys an impeccable track
record in India as well as in international markets Since its inception in 1977 the
Corporation has maintained a consistent and healthy growth in its operations to
remain the market leader in mortgages Its outstanding loan portfolio covers well
over a million dwelling units HDFC has developed significant expertise in retail
mortgage loans to different market segments and also has a large corporate client
base for its housing related credit facilities With its experience in the financial
9
markets a strong market reputation large shareholder base and unique consumer
franchise HDFC was ideally positioned to promote a bank in the Indian
environment
BUSINESS FOCUS
HDFC Banks mission is to be a World-Class Indian Bank The objective is to
build sound customer franchises across distinct businesses so as to be the preferred
provider of banking services for target retail and wholesale customer segments
and to achieve healthy growth in profitability consistent with the banks risk
appetite The bank is committed to maintain the highest level of ethical standards
professional integrity corporate governance and regulatory compliance HDFC
Banks business philosophy is based on four core values - Operational
Excellence Customer Focus Product Leadership and People
CAPITAL STRUCTURE
The authorized capital of HDFC Bank is Rs550 crore (Rs55 billion) The paid-up
capital is Rs4246 crore (Rs42 billion) The HDFC Group holds 194 of the
banks equity and about 176 of the equity is held by the ADS Depository (in
respect of the banks American Depository Shares (ADS) Issue) Roughly 28 of
the equity is held by Foreign Institutional Investors (FIIs) and the bank has about
570000 shareholders The shares are listed on the Stock Exchange Mumbai and
the National Stock Exchange The banks American Depository Shares are listed on
the New York Stock Exchange (NYSE) under the symbol HDB
10
DISTRIBUTION NETWORK
HDFC Bank headquartered is in Mumbai The Bank at present has an enviable
network of over 1229 branches spread over 444 cities across India All branches
are linked on an online real-time basis Customers in over 120 locations are also
serviced through Telephone Banking The Banks expansion plans take into
account the need to have a presence in all major industrial and commercial centers
where its corporate customers are located as well as the need to build a strong retail
customer base for both deposits and loan products Being a clearingsettlement
bank to various leading stock exchanges the Bank has branches in the centers
where the NSEBSE has a strong and active member base The Bank also has a
network of about over 2526 networked ATMs across these cities Moreover
HDFC Banks ATM network can be accessed by all domestic and international
VisaMasterCard Visa ElectronMaestro PlusCirrus and American Express
CreditCharge cardholders
STRONG NATIONAL NETWORK
11
WORK PLACE TRANSFORMATION
FIVE ldquoSrdquo PART OF KAIZEN
Focus on effective work place organization
believe in
ldquoSmall changes lead to large improvementrdquo
Every successful organization have their own strategy to win the race in the
competitive market They use some technique and methodology for smooth
running of business HDFC BANK also acquired the Japanese technique for
smooth running of work and effective work place organization
Five bdquoS‟ Part of Kaizen is the technique which is used in the bank for easy and
systematic work place and eliminating unnecessary things from the work place
BENEFIT OF FIVE ldquoSrdquo
It can be started immediately
Every one has to participate
Five ldquoSrdquo is an entirely people driven initiatives
Brings in concept of ownership
All wastage are made visible
12
FIVE bdquoS‟
S-1 SORT SEIRI
S-2 SYSTEMATIZE SEITON
S-3 SPIC-N-SPAN SEIRO
S-4 STANDARDIZE SEIKETSU
S-5 SUSTAIN SHITSUKE
1 SORT
It focus on eliminating unnecessary items from the work place It is excellent way
to free up valuable floor space It segregate items as per ldquorequire and wantedrdquo
2 SYSTEMATIZE
Systematize is focus on efficient and effective Storage method That means it
identify organize and arrange retrieval It largely focus on good labeling and
identification practices
Objective ldquoA place for everything and everything in its placerdquo
3 SPIC- n - SPAN
13
Spic-n-Span focuses on regular clearing and self inspection It brings in the sense
of ownership
4 STANDERDIZE
It focuses on simplification and standardization It involves standard rules and
policies It establish checklist to facilitate autonomous maintenance of workplace
It assigns responsibility for doing various jobs and decides on Five S frequency
5 SUSTAIN
It focuses on defining a new status and standard of organized work place Sustain
means regular training to maintain standards developed under S-4 It brings in self-
discipline and commitment towards workplace organization
COLOR CODING
In the HDFC BANK each department has their different color coding apply on the
different file Due to this everyone aware about their particular color file which is
coding on it and they save their valuable time It is a part of Kaizen and also
included in the system of the Five bdquoS‟ Logic behind it that the color coding are
always differentiate the things from the similar one
14
HUMAN
RESOURCES
The Bank‟s staffing
needs continued to
increase during the
year particularly in
the retail banking
businesses in line
with the business growth Total number of employees increased from 14878 as of
March31 2006 to 21477 as of March 31 2008The Bank continues to focus on
training its employees on a continuing basis both on the job and through training
programs conducted by internal and external faculty
The Bank has consistently believed that broader employee ownership of its shares
has a positive impact on its performance and employee motivation The Bank‟s
employee stock option scheme so far covers around 9000 employees
DEPARTMENT
Welcome Desk
Personal Banker
Teller
Relationship Manager
Branch Manager
Demat
Others
15
MANAGEMENT
Mr Jagdish Capoor took over as the banks Chairman in July 2001 Prior to this
Mr Capoor was a Deputy Governor of the Reserve Bank of India The Managing
Director Mr Aditya Puri has been a professional banker for over 25 years and
before joining HDFC Bank in 1994 was heading Citibanks operations in Malaysia
The Banks Board of Directors is composed of eminent individuals with a wealth of
experience in public policy administration industry and commercial banking
Senior executives representing HDFC are also on the Board Senior banking
professionals with substantial experience in India and abroad head various
businesses and functions and report to the Managing Director Given the
professional expertise of the management team and the overall focus on recruiting
and retaining the best talent in the industry the bank believes that its people are a
significant competitive strength
TECHNOLOGY
HDFC Bank operates in a highly automated environment in terms of information
technology and communication systems All the banks branches have online
connectivity which enables the bank to offer speedy funds transfer facilities to its
customers Multi-branch access is also provided to retail customers through the
branch network and Automated Teller Machines (ATMs) The Bank has made
substantial efforts and investments in acquiring the best technology available
internationally to build the infrastructure for a world class bank The Banks
business is supported by scalable and robust systems which ensure that our clients
16
always get the finest services we offer The Bank has prioritized its engagement in
technology and the internet as one of its key goals and has already made significant
progress in web-enabling its core businesses In
each of its businesses the Bank has succeeded in leveraging its market position
expertise and technology to create a competitive advantage and build market share
HDFC BANK business strategy emphasizes the following
Increase market share in India‟s expanding banking and financial services
industry by following a disciplined growth strategy focusing on quality and not
on quantity and delivering high quality customer service Leverage our technology
platform and open scaleable systems to deliver more products to more customers
and to control operating costs Maintain current high standards for asset quality
through disciplined credit risk managementDevelope innovative products and
services that attract the targeted customers and address inefficiencies in the
Indian financial sector Continue to develop products and services that reduce
bank‟s cost of funds Focus on high earnings growth with low volatility
PRODUCT SCOPE
HDFC Bank offers a bunch of products and services to meet the every need of the
people The company cares for both individuals as well as corporate and small and
medium enterprises For individuals the company has a range accounts
investment and pension scheme different types of loans and cards that assist the
17
customers The customers can choose the suitable one from a range of products
which will suit their life-stage and needs For organizations the company has a host
of customized solutions that range from funded services Non-funded services
Value addition services Mutual fund etc These affordable plans apart from
providing long term value to the employees help in enhancing goodwill of the
company The products of the company are categorized into various sections which
are as follows
Accounts and deposits
Loans
Investments and Insurance
Forex and payment services
Cards
Customer center
PRODUCTS AND SERVICES AT A GLANCE
1 PERSONAL BANKING SERVICES
A Accounts amp Deposits
Savings Account
Regular Savings Account
Savings Plus Account
Savings Max Account
18
Senior Citizens Account
No Frills Account
Institutional Savings Account
Payroll Salary Account
Classic Salary Account
Regular Salary Account
Premium Salary Account
Defence Salary Account
Kids Advantage Account
Pension Saving Bank Account
Family Savings Account
Kisan No Frills Savings Account
Kisan Club Savings Account
Current Account
Plus Current Account
Trade Current Account
Premium Current Account
Regular Current Account
Apex Current Account
Max Current Account
Reimbursement Current Account
Fixed Deposit
Regular Fixed Deposit
Super Saver Account
Sweep-in Account
19
Recurring Deposit
Demat Account
Safe Deposit Locker
B Loans
Personal Loans
Home Loans
Two Wheeler Loans
New Car Loans
Used Car Loans
Overdraft against Car
Express Loans
Loan against Securities
Loan against Property
Commercial Vehicle Finance
Working Capital Finance
Construction Equipment Finance
C Investments amp Insurance
Mutual Funds
Insurance
Bonds
Financial Planning
Knowledge Centre
Equities amp Derivatives
20
Mudra Gold Bar
D Forex Services
Trade Finance
Traveler‟s Cheques
Foreign Currency Cash
Foreign Currency Drafts
Foreign Currency Cheque Deposits
Foreign Currency Remittances
Forex Plus Card
E Payment Services
Net Safe
Prepaid Refill
Bill Pay
Direct Pay
Visa Money Transfer
E-Monies Electronic Funds Transfer
Excise amp Service Tax Payment
F Access Your Bank - One View
Insta Alerts
Mobile Banking
ATM
Phone Banking
21
Branch Network
G Cards
Silver Credit Card
Gold Credit Card
Womans Gold Credit Card
Platinum plus Credit Card
Titanium Credit Card
Value plus Credit Card
Health plus Credit Card
HDFC Bank Idea Silver Card
HDFC Bank Idea Gold Card
2 WHOLESALE BANKING SERVICES
Funded Services
Non Funded Services
Value Added Services
Internet Banking
Clearing Sub-Membership
RTGS ndash sub membership
Fund Transfer
ATM Tie-ups
Corporate Salary ac
Tax Collection
Financial Institutions
22
Mutual Funds
Stock Brokers
Insurance Companies
Commodities Business
Trusts
3 NRI BANKING SERVICES
Rupee Saving ac
Rupee Current ac
Rupee Fixed Deposits
Foreign Currency Deposits
Accounts for Returning Indians
Payment Services
Net Safe
Bill Pay
Insta Pay
Direct Pay
Visa Money
Online Donation
Remittances
MILESTONES IN THE HISTORY
23
HDFC Bank began its operations in 1995 with a simple mission to be a World-
class Indian Bank They realized that only a single-minded focus on product
quality and service excellence would help us get there Today they are proud to
say that they are well on our way towards that goal It is extremely gratifying that
their efforts towards providing customer convenience have been appreciated both
nationally and internationally
2009
Asia Money 2009 Awards Best Domestic Bank in India
IBA Banking Technology
Awards 2009
Best IT Governance Award - Runner up
Global Finance Award Best Trade Finance Bank in India for 2009
IDRBT Banking Technology
Excellence Award 2008
Best IT Governance and Value Delivery
Asian Banker Excellence in
Retail Financial Services
Asian Banker Best Retail Bank in India
Award 2009
24
2008
Finance Asia Country Awards
for Achievement 2008
Best Bank and Best Cash Management
Bank
CNN-IBN Indian of the Year (Business)
Nasscom IT User Award 2008 Best IT Adoption in the Banking Sector
Business India Best Bank 2008
Forbes Asia Fab 50 companies in Asia Pacific
Asian Banker Excellence in
Retail Financial Services
Best Retail Bank 2008
Asiamoney Best local Cash Management Bank Award voted
by Corporates
Microsoft amp Indian Express
Group
Security Strategist Award 2008
World Trade Center Award of
honour
For outstanding contribution to international
trade services
Business Today-Monitor
Group survey
One of Indias Most Innovative Companies
Financial Express-Ernst amp
Young Award
Best Bank Award in the Private Sector
category
Global HR Excellence Awards Employer Brand of the Year 2007 -2008
25
- Asia Pacific HRM Congress Award - First Runner up amp many more
Business Today Best Bank Award
2007
Dun amp Bradstreet ndash American
Express Corporate Best Bank
Award 2007
Corporate Best Bank Award
The Bombay Stock Exchange
and Nasscom Foundations
Business for Social
Responsibility Awards 2007
Best Corporate Social Responsibility
Practice Award
Outlook Money amp NDTV
Profit
Best Bank Award in the Private sector
category
The Asian Banker Excellence
in Retail Financial Services
Awards
Best Retail Bank in India
Asian Banker Our Managing Director Aditya Puri wins the
Leadership Achievement Award for India
26
MERGER
HDFC Bank and Centurion Bank of Punjab merger at share swap ratio of 129 The
Boards of HDFC Bank and Centurion Bank of Punjab met on 25 February 2008
and approved subject to due diligence the share swap ratio for the proposed
merger of Centurion Bank of Punjab with HDFC Bank The Scheme of
Amalgamation envisages a share exchange ratio of one share of HDFC Bank for
twenty nine shares of Centurion Bank of Punjab The combined entity would have
a nationwide network of 1148 branches (the largest amongst private sector Banks)
a strong deposit base of around Rs 1200 billion and net advances of around Rs
850billion The balance sheet size of the combined entity would be over Rs 1500
billion Commenting on the proposed merger Mr Deepak Parekh Chairman
HDFC said ldquoWe were amongst the first to get a banking license the first to do a
merger in the private sector with Times Bank in 1999 and now if this deal
happens it would be the largest merger in the private sector banking space in
India HDFC Bank was looking for an appropriate merger opportunity that would
add scale geography and experienced staff to its franchise This opportunity arose
and we thought it is an attractive route to supplement HDFC Bank‟s organic
growth We believe that Centurion Bank of Punjab would be the right fit in terms
of culture strategic intent and approach to businessrdquo Mr Aditya Puri Managing
Director HDFC Bank said ldquoThese are exciting times for the Indian banking
industry The proposed merger will position the combined entity to significantly
exploit opportunities in a market globally recognized as one of the fastest growing
27
I‟m particularly bullish about the potential of business synergies and cultural fit
between the two organizations The combined entity will be an even greater force
in the marketrdquo Mr Rana Talwar Chairman Centurion Bank of Punjab stated
ldquoOver the last few years Centurion Bank of Punjab has set benchmarks for growth
The bank today has a large nationwide network an extremely valuable franchise
7500
talented employees and strong leadership positions in the market place I believe
that the merger with HDFC Bank will create a world class bank in quality and
scale and will set the stage to compete with banks both locally as well on a global
levelrdquo
Mr Shailendra Bhandari Managing Director and CEO Centurion Bank of Punjab
said ldquoWe are extremely pleased to receive the go ahead from our board to pursue
this opportunity A merger between the banks provides significant synergies to the
combined entity The proposed merger would further improve the franchise and
customer proposition offered by the individual banksrdquo
QUALITY POLICY
SECURITY The bank provides long term financial security to their policy The
bank does this by offering life insurance and pension products
28
TRUST The bank appreciates the trust placed by their policy holders in the bank
Hence it will aim to manage their investments very carefully and live up to this
trust
INNOVATION Recognizing the different needs of our customers the bank offers
a range of innovative products to meet these needs
INTEGRITY CUSTOMER CENTRIC PEOPLE CARE ldquoONE FOR ALL AND
ALL FOR ONErdquo TEAM WORK JOY AND SIMPLICITY
RESEARCH OBJECTIVES AND SCOPE OF RESEARCH PROJECT
PROBLEM DEFINATION
Personal Banker were with good background human being and through rigorous
process of recruitment but still not able to perform up to the expectation level of
company HR is not able to sort out the problem why the performance is not
coming even after giving the full marketing and operational support The
communication technique and dealing with the customers is also a problem to the
personal banker
OBJECTIVES OF RESEARCH PROJECT
PRIMARY OBJECTIVES
To acquire new customer by convincing them and to promote the benefits of
those which are provided by the bank
29
To find the different way of convincing customers
To study brand image of the bank
To increase the business of the bank
SECONDARY OBJECTIVES
To determine the need and purpose of a personal banker
To understand the deciding criteria for people to become a personal banker
To offer suggestions based upon the findings
PRODUCT SCOPE
Studying the increasing business scope of the bank Market segmentation to find
the potential customers for the bank To study how the various products are
positioned in the market Corporate marketing of products Customers‟ perception
on the various products of the bank
RESEARCH METHODOLOGY AND LIMITATIONS
All the findings and conclusions obtained are based on the survey done in the
working area within the time limit I tried to select the sample representative of the
whole group during my summer training I have collected data from people linked
with different professional at Gorakhpur
30
RESEARCH PLAN
PRELIMINARY INVESTIGATION
In which data on the situation surrounding the problems shall be gathered to
arrive at
The correct definition of the problem An understanding of its environment
EXPLORATORY STUDY
To determine the approximate area where the problem lies
RESEARCH DESIGN
Research was initiated by examining the secondary data to gain insight into the
problem By analyzing the secondary data the study aim is to explore the short
comings of the present system and primary data will help to validate the analysis of
secondary data besides on unrevealing the areas which calls for improvement
DEVELOPING THE RESEARCH PLAN
The data for this research project has been collected through self Administration
Due to time limitation and other constraints direct personal interview method is
31
used A structured questionnaire was framed as it is less time consuming generates
specific and to the point
information easier to tabulate and interpret Moreover respondents prefer to give
direct answers In questionnaires open ended and closed ended both the types of
questions has been used
COLLECTION OF DATA
1 SECONDARY DATA It was collected from internal sources The secondary
data was collected on the basis of organizational file official records news papers
magazines management books preserved information in the company‟s database
and website of the company
2 PRIMARY DATA All the people from different profession were personally
visited and interviewed They were the main source of Primary data The method
of collection of primary data was direct personal interview through a structured
questionnaire
SAMPLING PLAN Since it is not possible to study whole universe it becomes
necessary to take sample from the universe to know about its characteristics
Sampling Units Different professionals Chartered Accountants Tax
Consultants Lawyers Business Man Professionals and House Wives of
Gorakhpur
Sample Technique Random Sampling
32
Research Instrument Structured Questionnaire
Contact Method Personal Interview
SAMPLE SIZE My sample size for this project was 50 respondents Since it was
not possible to cover the whole universe in the available time period it was
necessary for me to take a sample size of 50 respondents
DATA COLLECTION INSTRUMENT DEVELOPMENT The mode of
collection of data will be based on Survey Method and Field Activity Primary data
collection will base on personal interview I have prepared the questionnaire
according to the necessity of the data to be collected
RESEARCH LIMITATIONS
It was not possible to understand thoroughly about the different marketing aspects
of the Financial Consultant within 60 days As stipend money was not given it was
difficult to continue the project work All the work was limited in some limited
areas of Gorakhpur so the findings should not be generalized The area of research
was Gorakhpur and it was too vast an area to cover within 60 days
DATA ANALYSIS INTERPRETATION AND PRESENTATION
Q1Your Age
33
Ans
1 18-23 Years 10 Person
2 24-29 Years 20 Person
3 30-35 Years 10 Person
4 35 Years and above 10 Person
Base 50 respondents
Interpretation From above response it can be seen that
20 respondent‟s age are 18 to 23 years
35 respondent‟s age are 24 to 29 years
30 respondent‟s age are 30 to 35 years
15 respondent‟s age are 35 to above years
Q2 Marital Status
bull Married bull Single
No of Children __________
Ans
Married 32 Person
Single 18 Person
No of Children Nil
Interpretation From above response it can be seen that
70 respondents are married
30 respondents are unmarried
Q3 Educational Qualification
34
Undergraduate
Graduate
Postgraduate
9Ans
Undergraduate 10 Person
Graduate 22 Person
Postgraduate 18 Person
Interpretation From above response it can be seen that
25 respondents are Under graduate
40 respondents are Graduate
35 respondents are Post graduate
Q4 Number Of year‟s Are You in Gorakhpur
Less than five year‟s
More than five year‟s
Ans
Less than five year‟s 17 Person
More than five year‟s 33 Person
Interpretation From above response it can be seen
that
39 respondents are in Gorakhpur for less than five years
61 respondents are in Gorakhpur for more than five years
Q5 Your Occupation
Business
35
Profession
Service
Ans
Business 13 Person
Profession 17 Person
Service 20 Person
Interpretation From above response it can be seen that
20 respondents Occupation is Business
26 respondents Occupation is Profession
54 respondents Occupation is Service
Q6 Your annual household income
Less than 2 lacs
Between 2 to 5 lacs
Between 5to 8 lacs
More than 8 lacs
Ans
Less than 2 lacs 32 Person
Between 2 to 5 lacs 13 Person
Between 5to 8 lacs 3 Person
More than 8 lacs 2 Person
Interpretation From above response it can be seen that
49 respondent‟s annual household income is less than 2 lacs
31 respondent‟s annual household income is between 2 to 5 lacs
15 respondent‟s annual household income is between 5 to 8 lacs
36
5 respondent‟s annual household income is more than 8 lacs
Q7 What is your perception about different productsservices provided by HDFC
bank
Lucrative
Not lucrative
No idea
Ans
Lucrative 12 Person
Not lucrative 33 Person
No idea 5 Person
Interpretation From above response it can be seen that
25 respondent‟s perception about different products is lucrative
60 respondent‟s perception about
different products is not lucrative
15 respondent‟s have no idea
Q8 Do you want to open an account with HDFC bank
Yes
No
Will tell later
Ans
Yes 8 Person
No 5 Person
Will tell later 37 Person
37
Interpretation From above response it can be seen that
80 respondents are not interested to open an account with the bank
5 respondents are interested to open an account with the bank
15 of the respondents say that they will tell later
Q9 Do you have all the documents which are required to open an account
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
60 respondents have all the documents which are required to open an
account with the bank
25 respondents do not have all the documents which are required to open
an account with the bank
Q10 Are you aware that the bank provides you free phone banking amp net banking
services If you open a new savings account with HDFC bank
Yes
No
Ans
Yes 32 Person
No 18 Person
Interpretation From above response it can be seen that
38
20 respondents are aware of it
40 respondents are not aware of it
Q11Are you aware of different terms and conditions which are very much
essential to maintain an account at HDFC Bank
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
12 respondents are familiar with different terms and conditions which are
very much essential to maintain account with the bank
88 respondents have no idea about it
Q13 Do you know about HDFC Bank‟s recruitment policies related to personal
banker
Yes
No
Ans
Yes 38 Person
No 12 Person
Interpretation From above response it can be seen that
41 respondents are known about HDFC Bank‟s recruitment policies
related to personal banker
39
59 respondents are not known about HDFC Bank‟s recruitment policies
related to personal banker
CONCLUSIONS
HDFC Bank the banking arm of HDFC is expected to go on stream The bank
already has good number of employees on board and is recruiting personal banker
heavily to take the headcount to many more It is on the brim of increasing its
customers through its attractive schemes and offer
The project opportunities provided was market segmentation and identifying
prospective customers in potential geographical location and convincing them to
attract more customers so that new business opportunities of the bank can be
explored Through this project it could be concluded that people are not much
aware about the various products of the bank and many of them not interested to
open an account to invest money at all services was considered as unsought good
which require hard core selling but in changing trend in income and people
becoming financially literate the demand for banking sector is increasing day by
day
So at last the conclusion is that there is tough competition ahead for the company
from its major competitors in the banking sector Last but not the least I would like
to thank HDFC Bank for giving me an opportunity to work in the field of
Marketing and Operation I hope the company finds my analysis relevant
40
BIBLIOGRAPHY
1 WEBSITES
wwwhdfcbankcom wwwgooglecom
3
DECLARATION
I MR DINESH G METKARI Student of K M AGRAWAL COLLEGE Master
of Commerce for the year 2012-13 hereby declared that I have completed
the project on ldquoPROJECT ON TRAINING AND DEVELOPMENT ON HDFC
BANKrdquo
I further declare that the information imparted is true and fair to
the best of my knowledge
__________________
DINESH G METKARI
ROLL NO 24
4
ACKNOWLEDGEMENT
I express my sincere thanks to MRS ANITA MANNA for his valuable
guidance in doing this project
I wish to make the opportunity to express my deep sense of gratitude to
PRINCIPAL MRS ANITA MANNA for their invaluable guidance and
support in this endeavour They have been a constant source of inspiration
Finally it is the foremost duty to thank all my respondents family and
friends who have helped me directly or indirectly in completing my field
work without which this project not have been successful
__________________
DINESH G METKARI
ROLL NO 24
5
ldquoPROJECT REPORT ON TRAINING AND DEVELOPMENTrdquo
UNDERTAKEN IN
INTRODUCTION
TRAINING
Training is concerned with imparting developing specific skills for a particular
purpose Training is the act of increasing the skills of an employees for doing a
particular job Training is the process of learning a sequence of programmed
behaviour In earlier practice training programme focused more on preparation for
6
improved performance in particular job Most of the trainees used to be from
operative levels like mechanics machines operators and other kinds of skilled
workers When the problems of supervision increased the step were taken to train
supervisors for better supervision
DEVELOPMENT
Management development is all those activities and programme when recognized
and controlled have substantial influence in changing the capacity of the individual
to perform his assignment better and in going so all likely to increase his potential
for future assignments Thus management development is a combination of
various training programme though some kind of training is necessary it is the
overall development of the competency of managerial personal in the light of the
present requirement as well as the future requirement Development an activity
designed to improve the performance of existing managers and to provide for a
planned growth of managers to meet future organizational requirements is
management development
REASON FOR SELECTION OF THIS TOPIC
The financial sector is one of the booming and increasing sectors in India The
Personal Banker are one of the most powerful efficient and effective channel
through which the company sales its various types of financial products and
company takes operational work also It is really difficult to convince customers
and sell a single product and accomplish operational work Whereas in my entire
project work I found my interest in working in a team dealing with customers and
finally convincing them to buy a product
7
IMPORTANCE TO THE COMPANY
The ultimate purpose of giving me this topic was to know about the customer‟s
perceptions about the different products of the bank and to know about operational
process how these products can attract them and how the company can generate
maximum profit by convincing them through personal banker and to better
understand customer requirement and to understand operational methodology
LEARNING FROM THE STUDY
The process of bank related transaction bank related various terms work
environment of HDFC Bank Different products and services provided by the bank
Customers‟ perception about the different products The brand image of the bank
What are the problems faced by customer on daily basis How to communicate
with the customers Different techniques of dealing with the customers How to
convince and convert a customer into a real customer and at the last how to better
response to the customer problem
ORGANIZATION PROFILE
COMPANY HISTORY The Housing Development Finance Corporation
Limited (HDFC) was amongst the first to receive an in principle approval from
the Reserve Bank of India (RBI) to set up a bank in the private sector as part of the
RBIs liberalization of the Indian Banking Industry in 1994 The bank was
incorporated in August 1994 in the name of HDFC Bank Limited with its
8
registered office in Mumbai India HDFC Bank commenced operations as a
Scheduled Commercial Bank in January 1995
PROMOTER
HDFC is Indias premier housing finance company and enjoys an impeccable track
record in India as well as in international markets Since its inception in 1977 the
Corporation has maintained a consistent and healthy growth in its operations to
remain the market leader in mortgages Its outstanding loan portfolio covers well
over a million dwelling units HDFC has developed significant expertise in retail
mortgage loans to different market segments and also has a large corporate client
base for its housing related credit facilities With its experience in the financial
9
markets a strong market reputation large shareholder base and unique consumer
franchise HDFC was ideally positioned to promote a bank in the Indian
environment
BUSINESS FOCUS
HDFC Banks mission is to be a World-Class Indian Bank The objective is to
build sound customer franchises across distinct businesses so as to be the preferred
provider of banking services for target retail and wholesale customer segments
and to achieve healthy growth in profitability consistent with the banks risk
appetite The bank is committed to maintain the highest level of ethical standards
professional integrity corporate governance and regulatory compliance HDFC
Banks business philosophy is based on four core values - Operational
Excellence Customer Focus Product Leadership and People
CAPITAL STRUCTURE
The authorized capital of HDFC Bank is Rs550 crore (Rs55 billion) The paid-up
capital is Rs4246 crore (Rs42 billion) The HDFC Group holds 194 of the
banks equity and about 176 of the equity is held by the ADS Depository (in
respect of the banks American Depository Shares (ADS) Issue) Roughly 28 of
the equity is held by Foreign Institutional Investors (FIIs) and the bank has about
570000 shareholders The shares are listed on the Stock Exchange Mumbai and
the National Stock Exchange The banks American Depository Shares are listed on
the New York Stock Exchange (NYSE) under the symbol HDB
10
DISTRIBUTION NETWORK
HDFC Bank headquartered is in Mumbai The Bank at present has an enviable
network of over 1229 branches spread over 444 cities across India All branches
are linked on an online real-time basis Customers in over 120 locations are also
serviced through Telephone Banking The Banks expansion plans take into
account the need to have a presence in all major industrial and commercial centers
where its corporate customers are located as well as the need to build a strong retail
customer base for both deposits and loan products Being a clearingsettlement
bank to various leading stock exchanges the Bank has branches in the centers
where the NSEBSE has a strong and active member base The Bank also has a
network of about over 2526 networked ATMs across these cities Moreover
HDFC Banks ATM network can be accessed by all domestic and international
VisaMasterCard Visa ElectronMaestro PlusCirrus and American Express
CreditCharge cardholders
STRONG NATIONAL NETWORK
11
WORK PLACE TRANSFORMATION
FIVE ldquoSrdquo PART OF KAIZEN
Focus on effective work place organization
believe in
ldquoSmall changes lead to large improvementrdquo
Every successful organization have their own strategy to win the race in the
competitive market They use some technique and methodology for smooth
running of business HDFC BANK also acquired the Japanese technique for
smooth running of work and effective work place organization
Five bdquoS‟ Part of Kaizen is the technique which is used in the bank for easy and
systematic work place and eliminating unnecessary things from the work place
BENEFIT OF FIVE ldquoSrdquo
It can be started immediately
Every one has to participate
Five ldquoSrdquo is an entirely people driven initiatives
Brings in concept of ownership
All wastage are made visible
12
FIVE bdquoS‟
S-1 SORT SEIRI
S-2 SYSTEMATIZE SEITON
S-3 SPIC-N-SPAN SEIRO
S-4 STANDARDIZE SEIKETSU
S-5 SUSTAIN SHITSUKE
1 SORT
It focus on eliminating unnecessary items from the work place It is excellent way
to free up valuable floor space It segregate items as per ldquorequire and wantedrdquo
2 SYSTEMATIZE
Systematize is focus on efficient and effective Storage method That means it
identify organize and arrange retrieval It largely focus on good labeling and
identification practices
Objective ldquoA place for everything and everything in its placerdquo
3 SPIC- n - SPAN
13
Spic-n-Span focuses on regular clearing and self inspection It brings in the sense
of ownership
4 STANDERDIZE
It focuses on simplification and standardization It involves standard rules and
policies It establish checklist to facilitate autonomous maintenance of workplace
It assigns responsibility for doing various jobs and decides on Five S frequency
5 SUSTAIN
It focuses on defining a new status and standard of organized work place Sustain
means regular training to maintain standards developed under S-4 It brings in self-
discipline and commitment towards workplace organization
COLOR CODING
In the HDFC BANK each department has their different color coding apply on the
different file Due to this everyone aware about their particular color file which is
coding on it and they save their valuable time It is a part of Kaizen and also
included in the system of the Five bdquoS‟ Logic behind it that the color coding are
always differentiate the things from the similar one
14
HUMAN
RESOURCES
The Bank‟s staffing
needs continued to
increase during the
year particularly in
the retail banking
businesses in line
with the business growth Total number of employees increased from 14878 as of
March31 2006 to 21477 as of March 31 2008The Bank continues to focus on
training its employees on a continuing basis both on the job and through training
programs conducted by internal and external faculty
The Bank has consistently believed that broader employee ownership of its shares
has a positive impact on its performance and employee motivation The Bank‟s
employee stock option scheme so far covers around 9000 employees
DEPARTMENT
Welcome Desk
Personal Banker
Teller
Relationship Manager
Branch Manager
Demat
Others
15
MANAGEMENT
Mr Jagdish Capoor took over as the banks Chairman in July 2001 Prior to this
Mr Capoor was a Deputy Governor of the Reserve Bank of India The Managing
Director Mr Aditya Puri has been a professional banker for over 25 years and
before joining HDFC Bank in 1994 was heading Citibanks operations in Malaysia
The Banks Board of Directors is composed of eminent individuals with a wealth of
experience in public policy administration industry and commercial banking
Senior executives representing HDFC are also on the Board Senior banking
professionals with substantial experience in India and abroad head various
businesses and functions and report to the Managing Director Given the
professional expertise of the management team and the overall focus on recruiting
and retaining the best talent in the industry the bank believes that its people are a
significant competitive strength
TECHNOLOGY
HDFC Bank operates in a highly automated environment in terms of information
technology and communication systems All the banks branches have online
connectivity which enables the bank to offer speedy funds transfer facilities to its
customers Multi-branch access is also provided to retail customers through the
branch network and Automated Teller Machines (ATMs) The Bank has made
substantial efforts and investments in acquiring the best technology available
internationally to build the infrastructure for a world class bank The Banks
business is supported by scalable and robust systems which ensure that our clients
16
always get the finest services we offer The Bank has prioritized its engagement in
technology and the internet as one of its key goals and has already made significant
progress in web-enabling its core businesses In
each of its businesses the Bank has succeeded in leveraging its market position
expertise and technology to create a competitive advantage and build market share
HDFC BANK business strategy emphasizes the following
Increase market share in India‟s expanding banking and financial services
industry by following a disciplined growth strategy focusing on quality and not
on quantity and delivering high quality customer service Leverage our technology
platform and open scaleable systems to deliver more products to more customers
and to control operating costs Maintain current high standards for asset quality
through disciplined credit risk managementDevelope innovative products and
services that attract the targeted customers and address inefficiencies in the
Indian financial sector Continue to develop products and services that reduce
bank‟s cost of funds Focus on high earnings growth with low volatility
PRODUCT SCOPE
HDFC Bank offers a bunch of products and services to meet the every need of the
people The company cares for both individuals as well as corporate and small and
medium enterprises For individuals the company has a range accounts
investment and pension scheme different types of loans and cards that assist the
17
customers The customers can choose the suitable one from a range of products
which will suit their life-stage and needs For organizations the company has a host
of customized solutions that range from funded services Non-funded services
Value addition services Mutual fund etc These affordable plans apart from
providing long term value to the employees help in enhancing goodwill of the
company The products of the company are categorized into various sections which
are as follows
Accounts and deposits
Loans
Investments and Insurance
Forex and payment services
Cards
Customer center
PRODUCTS AND SERVICES AT A GLANCE
1 PERSONAL BANKING SERVICES
A Accounts amp Deposits
Savings Account
Regular Savings Account
Savings Plus Account
Savings Max Account
18
Senior Citizens Account
No Frills Account
Institutional Savings Account
Payroll Salary Account
Classic Salary Account
Regular Salary Account
Premium Salary Account
Defence Salary Account
Kids Advantage Account
Pension Saving Bank Account
Family Savings Account
Kisan No Frills Savings Account
Kisan Club Savings Account
Current Account
Plus Current Account
Trade Current Account
Premium Current Account
Regular Current Account
Apex Current Account
Max Current Account
Reimbursement Current Account
Fixed Deposit
Regular Fixed Deposit
Super Saver Account
Sweep-in Account
19
Recurring Deposit
Demat Account
Safe Deposit Locker
B Loans
Personal Loans
Home Loans
Two Wheeler Loans
New Car Loans
Used Car Loans
Overdraft against Car
Express Loans
Loan against Securities
Loan against Property
Commercial Vehicle Finance
Working Capital Finance
Construction Equipment Finance
C Investments amp Insurance
Mutual Funds
Insurance
Bonds
Financial Planning
Knowledge Centre
Equities amp Derivatives
20
Mudra Gold Bar
D Forex Services
Trade Finance
Traveler‟s Cheques
Foreign Currency Cash
Foreign Currency Drafts
Foreign Currency Cheque Deposits
Foreign Currency Remittances
Forex Plus Card
E Payment Services
Net Safe
Prepaid Refill
Bill Pay
Direct Pay
Visa Money Transfer
E-Monies Electronic Funds Transfer
Excise amp Service Tax Payment
F Access Your Bank - One View
Insta Alerts
Mobile Banking
ATM
Phone Banking
21
Branch Network
G Cards
Silver Credit Card
Gold Credit Card
Womans Gold Credit Card
Platinum plus Credit Card
Titanium Credit Card
Value plus Credit Card
Health plus Credit Card
HDFC Bank Idea Silver Card
HDFC Bank Idea Gold Card
2 WHOLESALE BANKING SERVICES
Funded Services
Non Funded Services
Value Added Services
Internet Banking
Clearing Sub-Membership
RTGS ndash sub membership
Fund Transfer
ATM Tie-ups
Corporate Salary ac
Tax Collection
Financial Institutions
22
Mutual Funds
Stock Brokers
Insurance Companies
Commodities Business
Trusts
3 NRI BANKING SERVICES
Rupee Saving ac
Rupee Current ac
Rupee Fixed Deposits
Foreign Currency Deposits
Accounts for Returning Indians
Payment Services
Net Safe
Bill Pay
Insta Pay
Direct Pay
Visa Money
Online Donation
Remittances
MILESTONES IN THE HISTORY
23
HDFC Bank began its operations in 1995 with a simple mission to be a World-
class Indian Bank They realized that only a single-minded focus on product
quality and service excellence would help us get there Today they are proud to
say that they are well on our way towards that goal It is extremely gratifying that
their efforts towards providing customer convenience have been appreciated both
nationally and internationally
2009
Asia Money 2009 Awards Best Domestic Bank in India
IBA Banking Technology
Awards 2009
Best IT Governance Award - Runner up
Global Finance Award Best Trade Finance Bank in India for 2009
IDRBT Banking Technology
Excellence Award 2008
Best IT Governance and Value Delivery
Asian Banker Excellence in
Retail Financial Services
Asian Banker Best Retail Bank in India
Award 2009
24
2008
Finance Asia Country Awards
for Achievement 2008
Best Bank and Best Cash Management
Bank
CNN-IBN Indian of the Year (Business)
Nasscom IT User Award 2008 Best IT Adoption in the Banking Sector
Business India Best Bank 2008
Forbes Asia Fab 50 companies in Asia Pacific
Asian Banker Excellence in
Retail Financial Services
Best Retail Bank 2008
Asiamoney Best local Cash Management Bank Award voted
by Corporates
Microsoft amp Indian Express
Group
Security Strategist Award 2008
World Trade Center Award of
honour
For outstanding contribution to international
trade services
Business Today-Monitor
Group survey
One of Indias Most Innovative Companies
Financial Express-Ernst amp
Young Award
Best Bank Award in the Private Sector
category
Global HR Excellence Awards Employer Brand of the Year 2007 -2008
25
- Asia Pacific HRM Congress Award - First Runner up amp many more
Business Today Best Bank Award
2007
Dun amp Bradstreet ndash American
Express Corporate Best Bank
Award 2007
Corporate Best Bank Award
The Bombay Stock Exchange
and Nasscom Foundations
Business for Social
Responsibility Awards 2007
Best Corporate Social Responsibility
Practice Award
Outlook Money amp NDTV
Profit
Best Bank Award in the Private sector
category
The Asian Banker Excellence
in Retail Financial Services
Awards
Best Retail Bank in India
Asian Banker Our Managing Director Aditya Puri wins the
Leadership Achievement Award for India
26
MERGER
HDFC Bank and Centurion Bank of Punjab merger at share swap ratio of 129 The
Boards of HDFC Bank and Centurion Bank of Punjab met on 25 February 2008
and approved subject to due diligence the share swap ratio for the proposed
merger of Centurion Bank of Punjab with HDFC Bank The Scheme of
Amalgamation envisages a share exchange ratio of one share of HDFC Bank for
twenty nine shares of Centurion Bank of Punjab The combined entity would have
a nationwide network of 1148 branches (the largest amongst private sector Banks)
a strong deposit base of around Rs 1200 billion and net advances of around Rs
850billion The balance sheet size of the combined entity would be over Rs 1500
billion Commenting on the proposed merger Mr Deepak Parekh Chairman
HDFC said ldquoWe were amongst the first to get a banking license the first to do a
merger in the private sector with Times Bank in 1999 and now if this deal
happens it would be the largest merger in the private sector banking space in
India HDFC Bank was looking for an appropriate merger opportunity that would
add scale geography and experienced staff to its franchise This opportunity arose
and we thought it is an attractive route to supplement HDFC Bank‟s organic
growth We believe that Centurion Bank of Punjab would be the right fit in terms
of culture strategic intent and approach to businessrdquo Mr Aditya Puri Managing
Director HDFC Bank said ldquoThese are exciting times for the Indian banking
industry The proposed merger will position the combined entity to significantly
exploit opportunities in a market globally recognized as one of the fastest growing
27
I‟m particularly bullish about the potential of business synergies and cultural fit
between the two organizations The combined entity will be an even greater force
in the marketrdquo Mr Rana Talwar Chairman Centurion Bank of Punjab stated
ldquoOver the last few years Centurion Bank of Punjab has set benchmarks for growth
The bank today has a large nationwide network an extremely valuable franchise
7500
talented employees and strong leadership positions in the market place I believe
that the merger with HDFC Bank will create a world class bank in quality and
scale and will set the stage to compete with banks both locally as well on a global
levelrdquo
Mr Shailendra Bhandari Managing Director and CEO Centurion Bank of Punjab
said ldquoWe are extremely pleased to receive the go ahead from our board to pursue
this opportunity A merger between the banks provides significant synergies to the
combined entity The proposed merger would further improve the franchise and
customer proposition offered by the individual banksrdquo
QUALITY POLICY
SECURITY The bank provides long term financial security to their policy The
bank does this by offering life insurance and pension products
28
TRUST The bank appreciates the trust placed by their policy holders in the bank
Hence it will aim to manage their investments very carefully and live up to this
trust
INNOVATION Recognizing the different needs of our customers the bank offers
a range of innovative products to meet these needs
INTEGRITY CUSTOMER CENTRIC PEOPLE CARE ldquoONE FOR ALL AND
ALL FOR ONErdquo TEAM WORK JOY AND SIMPLICITY
RESEARCH OBJECTIVES AND SCOPE OF RESEARCH PROJECT
PROBLEM DEFINATION
Personal Banker were with good background human being and through rigorous
process of recruitment but still not able to perform up to the expectation level of
company HR is not able to sort out the problem why the performance is not
coming even after giving the full marketing and operational support The
communication technique and dealing with the customers is also a problem to the
personal banker
OBJECTIVES OF RESEARCH PROJECT
PRIMARY OBJECTIVES
To acquire new customer by convincing them and to promote the benefits of
those which are provided by the bank
29
To find the different way of convincing customers
To study brand image of the bank
To increase the business of the bank
SECONDARY OBJECTIVES
To determine the need and purpose of a personal banker
To understand the deciding criteria for people to become a personal banker
To offer suggestions based upon the findings
PRODUCT SCOPE
Studying the increasing business scope of the bank Market segmentation to find
the potential customers for the bank To study how the various products are
positioned in the market Corporate marketing of products Customers‟ perception
on the various products of the bank
RESEARCH METHODOLOGY AND LIMITATIONS
All the findings and conclusions obtained are based on the survey done in the
working area within the time limit I tried to select the sample representative of the
whole group during my summer training I have collected data from people linked
with different professional at Gorakhpur
30
RESEARCH PLAN
PRELIMINARY INVESTIGATION
In which data on the situation surrounding the problems shall be gathered to
arrive at
The correct definition of the problem An understanding of its environment
EXPLORATORY STUDY
To determine the approximate area where the problem lies
RESEARCH DESIGN
Research was initiated by examining the secondary data to gain insight into the
problem By analyzing the secondary data the study aim is to explore the short
comings of the present system and primary data will help to validate the analysis of
secondary data besides on unrevealing the areas which calls for improvement
DEVELOPING THE RESEARCH PLAN
The data for this research project has been collected through self Administration
Due to time limitation and other constraints direct personal interview method is
31
used A structured questionnaire was framed as it is less time consuming generates
specific and to the point
information easier to tabulate and interpret Moreover respondents prefer to give
direct answers In questionnaires open ended and closed ended both the types of
questions has been used
COLLECTION OF DATA
1 SECONDARY DATA It was collected from internal sources The secondary
data was collected on the basis of organizational file official records news papers
magazines management books preserved information in the company‟s database
and website of the company
2 PRIMARY DATA All the people from different profession were personally
visited and interviewed They were the main source of Primary data The method
of collection of primary data was direct personal interview through a structured
questionnaire
SAMPLING PLAN Since it is not possible to study whole universe it becomes
necessary to take sample from the universe to know about its characteristics
Sampling Units Different professionals Chartered Accountants Tax
Consultants Lawyers Business Man Professionals and House Wives of
Gorakhpur
Sample Technique Random Sampling
32
Research Instrument Structured Questionnaire
Contact Method Personal Interview
SAMPLE SIZE My sample size for this project was 50 respondents Since it was
not possible to cover the whole universe in the available time period it was
necessary for me to take a sample size of 50 respondents
DATA COLLECTION INSTRUMENT DEVELOPMENT The mode of
collection of data will be based on Survey Method and Field Activity Primary data
collection will base on personal interview I have prepared the questionnaire
according to the necessity of the data to be collected
RESEARCH LIMITATIONS
It was not possible to understand thoroughly about the different marketing aspects
of the Financial Consultant within 60 days As stipend money was not given it was
difficult to continue the project work All the work was limited in some limited
areas of Gorakhpur so the findings should not be generalized The area of research
was Gorakhpur and it was too vast an area to cover within 60 days
DATA ANALYSIS INTERPRETATION AND PRESENTATION
Q1Your Age
33
Ans
1 18-23 Years 10 Person
2 24-29 Years 20 Person
3 30-35 Years 10 Person
4 35 Years and above 10 Person
Base 50 respondents
Interpretation From above response it can be seen that
20 respondent‟s age are 18 to 23 years
35 respondent‟s age are 24 to 29 years
30 respondent‟s age are 30 to 35 years
15 respondent‟s age are 35 to above years
Q2 Marital Status
bull Married bull Single
No of Children __________
Ans
Married 32 Person
Single 18 Person
No of Children Nil
Interpretation From above response it can be seen that
70 respondents are married
30 respondents are unmarried
Q3 Educational Qualification
34
Undergraduate
Graduate
Postgraduate
9Ans
Undergraduate 10 Person
Graduate 22 Person
Postgraduate 18 Person
Interpretation From above response it can be seen that
25 respondents are Under graduate
40 respondents are Graduate
35 respondents are Post graduate
Q4 Number Of year‟s Are You in Gorakhpur
Less than five year‟s
More than five year‟s
Ans
Less than five year‟s 17 Person
More than five year‟s 33 Person
Interpretation From above response it can be seen
that
39 respondents are in Gorakhpur for less than five years
61 respondents are in Gorakhpur for more than five years
Q5 Your Occupation
Business
35
Profession
Service
Ans
Business 13 Person
Profession 17 Person
Service 20 Person
Interpretation From above response it can be seen that
20 respondents Occupation is Business
26 respondents Occupation is Profession
54 respondents Occupation is Service
Q6 Your annual household income
Less than 2 lacs
Between 2 to 5 lacs
Between 5to 8 lacs
More than 8 lacs
Ans
Less than 2 lacs 32 Person
Between 2 to 5 lacs 13 Person
Between 5to 8 lacs 3 Person
More than 8 lacs 2 Person
Interpretation From above response it can be seen that
49 respondent‟s annual household income is less than 2 lacs
31 respondent‟s annual household income is between 2 to 5 lacs
15 respondent‟s annual household income is between 5 to 8 lacs
36
5 respondent‟s annual household income is more than 8 lacs
Q7 What is your perception about different productsservices provided by HDFC
bank
Lucrative
Not lucrative
No idea
Ans
Lucrative 12 Person
Not lucrative 33 Person
No idea 5 Person
Interpretation From above response it can be seen that
25 respondent‟s perception about different products is lucrative
60 respondent‟s perception about
different products is not lucrative
15 respondent‟s have no idea
Q8 Do you want to open an account with HDFC bank
Yes
No
Will tell later
Ans
Yes 8 Person
No 5 Person
Will tell later 37 Person
37
Interpretation From above response it can be seen that
80 respondents are not interested to open an account with the bank
5 respondents are interested to open an account with the bank
15 of the respondents say that they will tell later
Q9 Do you have all the documents which are required to open an account
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
60 respondents have all the documents which are required to open an
account with the bank
25 respondents do not have all the documents which are required to open
an account with the bank
Q10 Are you aware that the bank provides you free phone banking amp net banking
services If you open a new savings account with HDFC bank
Yes
No
Ans
Yes 32 Person
No 18 Person
Interpretation From above response it can be seen that
38
20 respondents are aware of it
40 respondents are not aware of it
Q11Are you aware of different terms and conditions which are very much
essential to maintain an account at HDFC Bank
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
12 respondents are familiar with different terms and conditions which are
very much essential to maintain account with the bank
88 respondents have no idea about it
Q13 Do you know about HDFC Bank‟s recruitment policies related to personal
banker
Yes
No
Ans
Yes 38 Person
No 12 Person
Interpretation From above response it can be seen that
41 respondents are known about HDFC Bank‟s recruitment policies
related to personal banker
39
59 respondents are not known about HDFC Bank‟s recruitment policies
related to personal banker
CONCLUSIONS
HDFC Bank the banking arm of HDFC is expected to go on stream The bank
already has good number of employees on board and is recruiting personal banker
heavily to take the headcount to many more It is on the brim of increasing its
customers through its attractive schemes and offer
The project opportunities provided was market segmentation and identifying
prospective customers in potential geographical location and convincing them to
attract more customers so that new business opportunities of the bank can be
explored Through this project it could be concluded that people are not much
aware about the various products of the bank and many of them not interested to
open an account to invest money at all services was considered as unsought good
which require hard core selling but in changing trend in income and people
becoming financially literate the demand for banking sector is increasing day by
day
So at last the conclusion is that there is tough competition ahead for the company
from its major competitors in the banking sector Last but not the least I would like
to thank HDFC Bank for giving me an opportunity to work in the field of
Marketing and Operation I hope the company finds my analysis relevant
40
BIBLIOGRAPHY
1 WEBSITES
wwwhdfcbankcom wwwgooglecom
4
ACKNOWLEDGEMENT
I express my sincere thanks to MRS ANITA MANNA for his valuable
guidance in doing this project
I wish to make the opportunity to express my deep sense of gratitude to
PRINCIPAL MRS ANITA MANNA for their invaluable guidance and
support in this endeavour They have been a constant source of inspiration
Finally it is the foremost duty to thank all my respondents family and
friends who have helped me directly or indirectly in completing my field
work without which this project not have been successful
__________________
DINESH G METKARI
ROLL NO 24
5
ldquoPROJECT REPORT ON TRAINING AND DEVELOPMENTrdquo
UNDERTAKEN IN
INTRODUCTION
TRAINING
Training is concerned with imparting developing specific skills for a particular
purpose Training is the act of increasing the skills of an employees for doing a
particular job Training is the process of learning a sequence of programmed
behaviour In earlier practice training programme focused more on preparation for
6
improved performance in particular job Most of the trainees used to be from
operative levels like mechanics machines operators and other kinds of skilled
workers When the problems of supervision increased the step were taken to train
supervisors for better supervision
DEVELOPMENT
Management development is all those activities and programme when recognized
and controlled have substantial influence in changing the capacity of the individual
to perform his assignment better and in going so all likely to increase his potential
for future assignments Thus management development is a combination of
various training programme though some kind of training is necessary it is the
overall development of the competency of managerial personal in the light of the
present requirement as well as the future requirement Development an activity
designed to improve the performance of existing managers and to provide for a
planned growth of managers to meet future organizational requirements is
management development
REASON FOR SELECTION OF THIS TOPIC
The financial sector is one of the booming and increasing sectors in India The
Personal Banker are one of the most powerful efficient and effective channel
through which the company sales its various types of financial products and
company takes operational work also It is really difficult to convince customers
and sell a single product and accomplish operational work Whereas in my entire
project work I found my interest in working in a team dealing with customers and
finally convincing them to buy a product
7
IMPORTANCE TO THE COMPANY
The ultimate purpose of giving me this topic was to know about the customer‟s
perceptions about the different products of the bank and to know about operational
process how these products can attract them and how the company can generate
maximum profit by convincing them through personal banker and to better
understand customer requirement and to understand operational methodology
LEARNING FROM THE STUDY
The process of bank related transaction bank related various terms work
environment of HDFC Bank Different products and services provided by the bank
Customers‟ perception about the different products The brand image of the bank
What are the problems faced by customer on daily basis How to communicate
with the customers Different techniques of dealing with the customers How to
convince and convert a customer into a real customer and at the last how to better
response to the customer problem
ORGANIZATION PROFILE
COMPANY HISTORY The Housing Development Finance Corporation
Limited (HDFC) was amongst the first to receive an in principle approval from
the Reserve Bank of India (RBI) to set up a bank in the private sector as part of the
RBIs liberalization of the Indian Banking Industry in 1994 The bank was
incorporated in August 1994 in the name of HDFC Bank Limited with its
8
registered office in Mumbai India HDFC Bank commenced operations as a
Scheduled Commercial Bank in January 1995
PROMOTER
HDFC is Indias premier housing finance company and enjoys an impeccable track
record in India as well as in international markets Since its inception in 1977 the
Corporation has maintained a consistent and healthy growth in its operations to
remain the market leader in mortgages Its outstanding loan portfolio covers well
over a million dwelling units HDFC has developed significant expertise in retail
mortgage loans to different market segments and also has a large corporate client
base for its housing related credit facilities With its experience in the financial
9
markets a strong market reputation large shareholder base and unique consumer
franchise HDFC was ideally positioned to promote a bank in the Indian
environment
BUSINESS FOCUS
HDFC Banks mission is to be a World-Class Indian Bank The objective is to
build sound customer franchises across distinct businesses so as to be the preferred
provider of banking services for target retail and wholesale customer segments
and to achieve healthy growth in profitability consistent with the banks risk
appetite The bank is committed to maintain the highest level of ethical standards
professional integrity corporate governance and regulatory compliance HDFC
Banks business philosophy is based on four core values - Operational
Excellence Customer Focus Product Leadership and People
CAPITAL STRUCTURE
The authorized capital of HDFC Bank is Rs550 crore (Rs55 billion) The paid-up
capital is Rs4246 crore (Rs42 billion) The HDFC Group holds 194 of the
banks equity and about 176 of the equity is held by the ADS Depository (in
respect of the banks American Depository Shares (ADS) Issue) Roughly 28 of
the equity is held by Foreign Institutional Investors (FIIs) and the bank has about
570000 shareholders The shares are listed on the Stock Exchange Mumbai and
the National Stock Exchange The banks American Depository Shares are listed on
the New York Stock Exchange (NYSE) under the symbol HDB
10
DISTRIBUTION NETWORK
HDFC Bank headquartered is in Mumbai The Bank at present has an enviable
network of over 1229 branches spread over 444 cities across India All branches
are linked on an online real-time basis Customers in over 120 locations are also
serviced through Telephone Banking The Banks expansion plans take into
account the need to have a presence in all major industrial and commercial centers
where its corporate customers are located as well as the need to build a strong retail
customer base for both deposits and loan products Being a clearingsettlement
bank to various leading stock exchanges the Bank has branches in the centers
where the NSEBSE has a strong and active member base The Bank also has a
network of about over 2526 networked ATMs across these cities Moreover
HDFC Banks ATM network can be accessed by all domestic and international
VisaMasterCard Visa ElectronMaestro PlusCirrus and American Express
CreditCharge cardholders
STRONG NATIONAL NETWORK
11
WORK PLACE TRANSFORMATION
FIVE ldquoSrdquo PART OF KAIZEN
Focus on effective work place organization
believe in
ldquoSmall changes lead to large improvementrdquo
Every successful organization have their own strategy to win the race in the
competitive market They use some technique and methodology for smooth
running of business HDFC BANK also acquired the Japanese technique for
smooth running of work and effective work place organization
Five bdquoS‟ Part of Kaizen is the technique which is used in the bank for easy and
systematic work place and eliminating unnecessary things from the work place
BENEFIT OF FIVE ldquoSrdquo
It can be started immediately
Every one has to participate
Five ldquoSrdquo is an entirely people driven initiatives
Brings in concept of ownership
All wastage are made visible
12
FIVE bdquoS‟
S-1 SORT SEIRI
S-2 SYSTEMATIZE SEITON
S-3 SPIC-N-SPAN SEIRO
S-4 STANDARDIZE SEIKETSU
S-5 SUSTAIN SHITSUKE
1 SORT
It focus on eliminating unnecessary items from the work place It is excellent way
to free up valuable floor space It segregate items as per ldquorequire and wantedrdquo
2 SYSTEMATIZE
Systematize is focus on efficient and effective Storage method That means it
identify organize and arrange retrieval It largely focus on good labeling and
identification practices
Objective ldquoA place for everything and everything in its placerdquo
3 SPIC- n - SPAN
13
Spic-n-Span focuses on regular clearing and self inspection It brings in the sense
of ownership
4 STANDERDIZE
It focuses on simplification and standardization It involves standard rules and
policies It establish checklist to facilitate autonomous maintenance of workplace
It assigns responsibility for doing various jobs and decides on Five S frequency
5 SUSTAIN
It focuses on defining a new status and standard of organized work place Sustain
means regular training to maintain standards developed under S-4 It brings in self-
discipline and commitment towards workplace organization
COLOR CODING
In the HDFC BANK each department has their different color coding apply on the
different file Due to this everyone aware about their particular color file which is
coding on it and they save their valuable time It is a part of Kaizen and also
included in the system of the Five bdquoS‟ Logic behind it that the color coding are
always differentiate the things from the similar one
14
HUMAN
RESOURCES
The Bank‟s staffing
needs continued to
increase during the
year particularly in
the retail banking
businesses in line
with the business growth Total number of employees increased from 14878 as of
March31 2006 to 21477 as of March 31 2008The Bank continues to focus on
training its employees on a continuing basis both on the job and through training
programs conducted by internal and external faculty
The Bank has consistently believed that broader employee ownership of its shares
has a positive impact on its performance and employee motivation The Bank‟s
employee stock option scheme so far covers around 9000 employees
DEPARTMENT
Welcome Desk
Personal Banker
Teller
Relationship Manager
Branch Manager
Demat
Others
15
MANAGEMENT
Mr Jagdish Capoor took over as the banks Chairman in July 2001 Prior to this
Mr Capoor was a Deputy Governor of the Reserve Bank of India The Managing
Director Mr Aditya Puri has been a professional banker for over 25 years and
before joining HDFC Bank in 1994 was heading Citibanks operations in Malaysia
The Banks Board of Directors is composed of eminent individuals with a wealth of
experience in public policy administration industry and commercial banking
Senior executives representing HDFC are also on the Board Senior banking
professionals with substantial experience in India and abroad head various
businesses and functions and report to the Managing Director Given the
professional expertise of the management team and the overall focus on recruiting
and retaining the best talent in the industry the bank believes that its people are a
significant competitive strength
TECHNOLOGY
HDFC Bank operates in a highly automated environment in terms of information
technology and communication systems All the banks branches have online
connectivity which enables the bank to offer speedy funds transfer facilities to its
customers Multi-branch access is also provided to retail customers through the
branch network and Automated Teller Machines (ATMs) The Bank has made
substantial efforts and investments in acquiring the best technology available
internationally to build the infrastructure for a world class bank The Banks
business is supported by scalable and robust systems which ensure that our clients
16
always get the finest services we offer The Bank has prioritized its engagement in
technology and the internet as one of its key goals and has already made significant
progress in web-enabling its core businesses In
each of its businesses the Bank has succeeded in leveraging its market position
expertise and technology to create a competitive advantage and build market share
HDFC BANK business strategy emphasizes the following
Increase market share in India‟s expanding banking and financial services
industry by following a disciplined growth strategy focusing on quality and not
on quantity and delivering high quality customer service Leverage our technology
platform and open scaleable systems to deliver more products to more customers
and to control operating costs Maintain current high standards for asset quality
through disciplined credit risk managementDevelope innovative products and
services that attract the targeted customers and address inefficiencies in the
Indian financial sector Continue to develop products and services that reduce
bank‟s cost of funds Focus on high earnings growth with low volatility
PRODUCT SCOPE
HDFC Bank offers a bunch of products and services to meet the every need of the
people The company cares for both individuals as well as corporate and small and
medium enterprises For individuals the company has a range accounts
investment and pension scheme different types of loans and cards that assist the
17
customers The customers can choose the suitable one from a range of products
which will suit their life-stage and needs For organizations the company has a host
of customized solutions that range from funded services Non-funded services
Value addition services Mutual fund etc These affordable plans apart from
providing long term value to the employees help in enhancing goodwill of the
company The products of the company are categorized into various sections which
are as follows
Accounts and deposits
Loans
Investments and Insurance
Forex and payment services
Cards
Customer center
PRODUCTS AND SERVICES AT A GLANCE
1 PERSONAL BANKING SERVICES
A Accounts amp Deposits
Savings Account
Regular Savings Account
Savings Plus Account
Savings Max Account
18
Senior Citizens Account
No Frills Account
Institutional Savings Account
Payroll Salary Account
Classic Salary Account
Regular Salary Account
Premium Salary Account
Defence Salary Account
Kids Advantage Account
Pension Saving Bank Account
Family Savings Account
Kisan No Frills Savings Account
Kisan Club Savings Account
Current Account
Plus Current Account
Trade Current Account
Premium Current Account
Regular Current Account
Apex Current Account
Max Current Account
Reimbursement Current Account
Fixed Deposit
Regular Fixed Deposit
Super Saver Account
Sweep-in Account
19
Recurring Deposit
Demat Account
Safe Deposit Locker
B Loans
Personal Loans
Home Loans
Two Wheeler Loans
New Car Loans
Used Car Loans
Overdraft against Car
Express Loans
Loan against Securities
Loan against Property
Commercial Vehicle Finance
Working Capital Finance
Construction Equipment Finance
C Investments amp Insurance
Mutual Funds
Insurance
Bonds
Financial Planning
Knowledge Centre
Equities amp Derivatives
20
Mudra Gold Bar
D Forex Services
Trade Finance
Traveler‟s Cheques
Foreign Currency Cash
Foreign Currency Drafts
Foreign Currency Cheque Deposits
Foreign Currency Remittances
Forex Plus Card
E Payment Services
Net Safe
Prepaid Refill
Bill Pay
Direct Pay
Visa Money Transfer
E-Monies Electronic Funds Transfer
Excise amp Service Tax Payment
F Access Your Bank - One View
Insta Alerts
Mobile Banking
ATM
Phone Banking
21
Branch Network
G Cards
Silver Credit Card
Gold Credit Card
Womans Gold Credit Card
Platinum plus Credit Card
Titanium Credit Card
Value plus Credit Card
Health plus Credit Card
HDFC Bank Idea Silver Card
HDFC Bank Idea Gold Card
2 WHOLESALE BANKING SERVICES
Funded Services
Non Funded Services
Value Added Services
Internet Banking
Clearing Sub-Membership
RTGS ndash sub membership
Fund Transfer
ATM Tie-ups
Corporate Salary ac
Tax Collection
Financial Institutions
22
Mutual Funds
Stock Brokers
Insurance Companies
Commodities Business
Trusts
3 NRI BANKING SERVICES
Rupee Saving ac
Rupee Current ac
Rupee Fixed Deposits
Foreign Currency Deposits
Accounts for Returning Indians
Payment Services
Net Safe
Bill Pay
Insta Pay
Direct Pay
Visa Money
Online Donation
Remittances
MILESTONES IN THE HISTORY
23
HDFC Bank began its operations in 1995 with a simple mission to be a World-
class Indian Bank They realized that only a single-minded focus on product
quality and service excellence would help us get there Today they are proud to
say that they are well on our way towards that goal It is extremely gratifying that
their efforts towards providing customer convenience have been appreciated both
nationally and internationally
2009
Asia Money 2009 Awards Best Domestic Bank in India
IBA Banking Technology
Awards 2009
Best IT Governance Award - Runner up
Global Finance Award Best Trade Finance Bank in India for 2009
IDRBT Banking Technology
Excellence Award 2008
Best IT Governance and Value Delivery
Asian Banker Excellence in
Retail Financial Services
Asian Banker Best Retail Bank in India
Award 2009
24
2008
Finance Asia Country Awards
for Achievement 2008
Best Bank and Best Cash Management
Bank
CNN-IBN Indian of the Year (Business)
Nasscom IT User Award 2008 Best IT Adoption in the Banking Sector
Business India Best Bank 2008
Forbes Asia Fab 50 companies in Asia Pacific
Asian Banker Excellence in
Retail Financial Services
Best Retail Bank 2008
Asiamoney Best local Cash Management Bank Award voted
by Corporates
Microsoft amp Indian Express
Group
Security Strategist Award 2008
World Trade Center Award of
honour
For outstanding contribution to international
trade services
Business Today-Monitor
Group survey
One of Indias Most Innovative Companies
Financial Express-Ernst amp
Young Award
Best Bank Award in the Private Sector
category
Global HR Excellence Awards Employer Brand of the Year 2007 -2008
25
- Asia Pacific HRM Congress Award - First Runner up amp many more
Business Today Best Bank Award
2007
Dun amp Bradstreet ndash American
Express Corporate Best Bank
Award 2007
Corporate Best Bank Award
The Bombay Stock Exchange
and Nasscom Foundations
Business for Social
Responsibility Awards 2007
Best Corporate Social Responsibility
Practice Award
Outlook Money amp NDTV
Profit
Best Bank Award in the Private sector
category
The Asian Banker Excellence
in Retail Financial Services
Awards
Best Retail Bank in India
Asian Banker Our Managing Director Aditya Puri wins the
Leadership Achievement Award for India
26
MERGER
HDFC Bank and Centurion Bank of Punjab merger at share swap ratio of 129 The
Boards of HDFC Bank and Centurion Bank of Punjab met on 25 February 2008
and approved subject to due diligence the share swap ratio for the proposed
merger of Centurion Bank of Punjab with HDFC Bank The Scheme of
Amalgamation envisages a share exchange ratio of one share of HDFC Bank for
twenty nine shares of Centurion Bank of Punjab The combined entity would have
a nationwide network of 1148 branches (the largest amongst private sector Banks)
a strong deposit base of around Rs 1200 billion and net advances of around Rs
850billion The balance sheet size of the combined entity would be over Rs 1500
billion Commenting on the proposed merger Mr Deepak Parekh Chairman
HDFC said ldquoWe were amongst the first to get a banking license the first to do a
merger in the private sector with Times Bank in 1999 and now if this deal
happens it would be the largest merger in the private sector banking space in
India HDFC Bank was looking for an appropriate merger opportunity that would
add scale geography and experienced staff to its franchise This opportunity arose
and we thought it is an attractive route to supplement HDFC Bank‟s organic
growth We believe that Centurion Bank of Punjab would be the right fit in terms
of culture strategic intent and approach to businessrdquo Mr Aditya Puri Managing
Director HDFC Bank said ldquoThese are exciting times for the Indian banking
industry The proposed merger will position the combined entity to significantly
exploit opportunities in a market globally recognized as one of the fastest growing
27
I‟m particularly bullish about the potential of business synergies and cultural fit
between the two organizations The combined entity will be an even greater force
in the marketrdquo Mr Rana Talwar Chairman Centurion Bank of Punjab stated
ldquoOver the last few years Centurion Bank of Punjab has set benchmarks for growth
The bank today has a large nationwide network an extremely valuable franchise
7500
talented employees and strong leadership positions in the market place I believe
that the merger with HDFC Bank will create a world class bank in quality and
scale and will set the stage to compete with banks both locally as well on a global
levelrdquo
Mr Shailendra Bhandari Managing Director and CEO Centurion Bank of Punjab
said ldquoWe are extremely pleased to receive the go ahead from our board to pursue
this opportunity A merger between the banks provides significant synergies to the
combined entity The proposed merger would further improve the franchise and
customer proposition offered by the individual banksrdquo
QUALITY POLICY
SECURITY The bank provides long term financial security to their policy The
bank does this by offering life insurance and pension products
28
TRUST The bank appreciates the trust placed by their policy holders in the bank
Hence it will aim to manage their investments very carefully and live up to this
trust
INNOVATION Recognizing the different needs of our customers the bank offers
a range of innovative products to meet these needs
INTEGRITY CUSTOMER CENTRIC PEOPLE CARE ldquoONE FOR ALL AND
ALL FOR ONErdquo TEAM WORK JOY AND SIMPLICITY
RESEARCH OBJECTIVES AND SCOPE OF RESEARCH PROJECT
PROBLEM DEFINATION
Personal Banker were with good background human being and through rigorous
process of recruitment but still not able to perform up to the expectation level of
company HR is not able to sort out the problem why the performance is not
coming even after giving the full marketing and operational support The
communication technique and dealing with the customers is also a problem to the
personal banker
OBJECTIVES OF RESEARCH PROJECT
PRIMARY OBJECTIVES
To acquire new customer by convincing them and to promote the benefits of
those which are provided by the bank
29
To find the different way of convincing customers
To study brand image of the bank
To increase the business of the bank
SECONDARY OBJECTIVES
To determine the need and purpose of a personal banker
To understand the deciding criteria for people to become a personal banker
To offer suggestions based upon the findings
PRODUCT SCOPE
Studying the increasing business scope of the bank Market segmentation to find
the potential customers for the bank To study how the various products are
positioned in the market Corporate marketing of products Customers‟ perception
on the various products of the bank
RESEARCH METHODOLOGY AND LIMITATIONS
All the findings and conclusions obtained are based on the survey done in the
working area within the time limit I tried to select the sample representative of the
whole group during my summer training I have collected data from people linked
with different professional at Gorakhpur
30
RESEARCH PLAN
PRELIMINARY INVESTIGATION
In which data on the situation surrounding the problems shall be gathered to
arrive at
The correct definition of the problem An understanding of its environment
EXPLORATORY STUDY
To determine the approximate area where the problem lies
RESEARCH DESIGN
Research was initiated by examining the secondary data to gain insight into the
problem By analyzing the secondary data the study aim is to explore the short
comings of the present system and primary data will help to validate the analysis of
secondary data besides on unrevealing the areas which calls for improvement
DEVELOPING THE RESEARCH PLAN
The data for this research project has been collected through self Administration
Due to time limitation and other constraints direct personal interview method is
31
used A structured questionnaire was framed as it is less time consuming generates
specific and to the point
information easier to tabulate and interpret Moreover respondents prefer to give
direct answers In questionnaires open ended and closed ended both the types of
questions has been used
COLLECTION OF DATA
1 SECONDARY DATA It was collected from internal sources The secondary
data was collected on the basis of organizational file official records news papers
magazines management books preserved information in the company‟s database
and website of the company
2 PRIMARY DATA All the people from different profession were personally
visited and interviewed They were the main source of Primary data The method
of collection of primary data was direct personal interview through a structured
questionnaire
SAMPLING PLAN Since it is not possible to study whole universe it becomes
necessary to take sample from the universe to know about its characteristics
Sampling Units Different professionals Chartered Accountants Tax
Consultants Lawyers Business Man Professionals and House Wives of
Gorakhpur
Sample Technique Random Sampling
32
Research Instrument Structured Questionnaire
Contact Method Personal Interview
SAMPLE SIZE My sample size for this project was 50 respondents Since it was
not possible to cover the whole universe in the available time period it was
necessary for me to take a sample size of 50 respondents
DATA COLLECTION INSTRUMENT DEVELOPMENT The mode of
collection of data will be based on Survey Method and Field Activity Primary data
collection will base on personal interview I have prepared the questionnaire
according to the necessity of the data to be collected
RESEARCH LIMITATIONS
It was not possible to understand thoroughly about the different marketing aspects
of the Financial Consultant within 60 days As stipend money was not given it was
difficult to continue the project work All the work was limited in some limited
areas of Gorakhpur so the findings should not be generalized The area of research
was Gorakhpur and it was too vast an area to cover within 60 days
DATA ANALYSIS INTERPRETATION AND PRESENTATION
Q1Your Age
33
Ans
1 18-23 Years 10 Person
2 24-29 Years 20 Person
3 30-35 Years 10 Person
4 35 Years and above 10 Person
Base 50 respondents
Interpretation From above response it can be seen that
20 respondent‟s age are 18 to 23 years
35 respondent‟s age are 24 to 29 years
30 respondent‟s age are 30 to 35 years
15 respondent‟s age are 35 to above years
Q2 Marital Status
bull Married bull Single
No of Children __________
Ans
Married 32 Person
Single 18 Person
No of Children Nil
Interpretation From above response it can be seen that
70 respondents are married
30 respondents are unmarried
Q3 Educational Qualification
34
Undergraduate
Graduate
Postgraduate
9Ans
Undergraduate 10 Person
Graduate 22 Person
Postgraduate 18 Person
Interpretation From above response it can be seen that
25 respondents are Under graduate
40 respondents are Graduate
35 respondents are Post graduate
Q4 Number Of year‟s Are You in Gorakhpur
Less than five year‟s
More than five year‟s
Ans
Less than five year‟s 17 Person
More than five year‟s 33 Person
Interpretation From above response it can be seen
that
39 respondents are in Gorakhpur for less than five years
61 respondents are in Gorakhpur for more than five years
Q5 Your Occupation
Business
35
Profession
Service
Ans
Business 13 Person
Profession 17 Person
Service 20 Person
Interpretation From above response it can be seen that
20 respondents Occupation is Business
26 respondents Occupation is Profession
54 respondents Occupation is Service
Q6 Your annual household income
Less than 2 lacs
Between 2 to 5 lacs
Between 5to 8 lacs
More than 8 lacs
Ans
Less than 2 lacs 32 Person
Between 2 to 5 lacs 13 Person
Between 5to 8 lacs 3 Person
More than 8 lacs 2 Person
Interpretation From above response it can be seen that
49 respondent‟s annual household income is less than 2 lacs
31 respondent‟s annual household income is between 2 to 5 lacs
15 respondent‟s annual household income is between 5 to 8 lacs
36
5 respondent‟s annual household income is more than 8 lacs
Q7 What is your perception about different productsservices provided by HDFC
bank
Lucrative
Not lucrative
No idea
Ans
Lucrative 12 Person
Not lucrative 33 Person
No idea 5 Person
Interpretation From above response it can be seen that
25 respondent‟s perception about different products is lucrative
60 respondent‟s perception about
different products is not lucrative
15 respondent‟s have no idea
Q8 Do you want to open an account with HDFC bank
Yes
No
Will tell later
Ans
Yes 8 Person
No 5 Person
Will tell later 37 Person
37
Interpretation From above response it can be seen that
80 respondents are not interested to open an account with the bank
5 respondents are interested to open an account with the bank
15 of the respondents say that they will tell later
Q9 Do you have all the documents which are required to open an account
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
60 respondents have all the documents which are required to open an
account with the bank
25 respondents do not have all the documents which are required to open
an account with the bank
Q10 Are you aware that the bank provides you free phone banking amp net banking
services If you open a new savings account with HDFC bank
Yes
No
Ans
Yes 32 Person
No 18 Person
Interpretation From above response it can be seen that
38
20 respondents are aware of it
40 respondents are not aware of it
Q11Are you aware of different terms and conditions which are very much
essential to maintain an account at HDFC Bank
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
12 respondents are familiar with different terms and conditions which are
very much essential to maintain account with the bank
88 respondents have no idea about it
Q13 Do you know about HDFC Bank‟s recruitment policies related to personal
banker
Yes
No
Ans
Yes 38 Person
No 12 Person
Interpretation From above response it can be seen that
41 respondents are known about HDFC Bank‟s recruitment policies
related to personal banker
39
59 respondents are not known about HDFC Bank‟s recruitment policies
related to personal banker
CONCLUSIONS
HDFC Bank the banking arm of HDFC is expected to go on stream The bank
already has good number of employees on board and is recruiting personal banker
heavily to take the headcount to many more It is on the brim of increasing its
customers through its attractive schemes and offer
The project opportunities provided was market segmentation and identifying
prospective customers in potential geographical location and convincing them to
attract more customers so that new business opportunities of the bank can be
explored Through this project it could be concluded that people are not much
aware about the various products of the bank and many of them not interested to
open an account to invest money at all services was considered as unsought good
which require hard core selling but in changing trend in income and people
becoming financially literate the demand for banking sector is increasing day by
day
So at last the conclusion is that there is tough competition ahead for the company
from its major competitors in the banking sector Last but not the least I would like
to thank HDFC Bank for giving me an opportunity to work in the field of
Marketing and Operation I hope the company finds my analysis relevant
40
BIBLIOGRAPHY
1 WEBSITES
wwwhdfcbankcom wwwgooglecom
5
ldquoPROJECT REPORT ON TRAINING AND DEVELOPMENTrdquo
UNDERTAKEN IN
INTRODUCTION
TRAINING
Training is concerned with imparting developing specific skills for a particular
purpose Training is the act of increasing the skills of an employees for doing a
particular job Training is the process of learning a sequence of programmed
behaviour In earlier practice training programme focused more on preparation for
6
improved performance in particular job Most of the trainees used to be from
operative levels like mechanics machines operators and other kinds of skilled
workers When the problems of supervision increased the step were taken to train
supervisors for better supervision
DEVELOPMENT
Management development is all those activities and programme when recognized
and controlled have substantial influence in changing the capacity of the individual
to perform his assignment better and in going so all likely to increase his potential
for future assignments Thus management development is a combination of
various training programme though some kind of training is necessary it is the
overall development of the competency of managerial personal in the light of the
present requirement as well as the future requirement Development an activity
designed to improve the performance of existing managers and to provide for a
planned growth of managers to meet future organizational requirements is
management development
REASON FOR SELECTION OF THIS TOPIC
The financial sector is one of the booming and increasing sectors in India The
Personal Banker are one of the most powerful efficient and effective channel
through which the company sales its various types of financial products and
company takes operational work also It is really difficult to convince customers
and sell a single product and accomplish operational work Whereas in my entire
project work I found my interest in working in a team dealing with customers and
finally convincing them to buy a product
7
IMPORTANCE TO THE COMPANY
The ultimate purpose of giving me this topic was to know about the customer‟s
perceptions about the different products of the bank and to know about operational
process how these products can attract them and how the company can generate
maximum profit by convincing them through personal banker and to better
understand customer requirement and to understand operational methodology
LEARNING FROM THE STUDY
The process of bank related transaction bank related various terms work
environment of HDFC Bank Different products and services provided by the bank
Customers‟ perception about the different products The brand image of the bank
What are the problems faced by customer on daily basis How to communicate
with the customers Different techniques of dealing with the customers How to
convince and convert a customer into a real customer and at the last how to better
response to the customer problem
ORGANIZATION PROFILE
COMPANY HISTORY The Housing Development Finance Corporation
Limited (HDFC) was amongst the first to receive an in principle approval from
the Reserve Bank of India (RBI) to set up a bank in the private sector as part of the
RBIs liberalization of the Indian Banking Industry in 1994 The bank was
incorporated in August 1994 in the name of HDFC Bank Limited with its
8
registered office in Mumbai India HDFC Bank commenced operations as a
Scheduled Commercial Bank in January 1995
PROMOTER
HDFC is Indias premier housing finance company and enjoys an impeccable track
record in India as well as in international markets Since its inception in 1977 the
Corporation has maintained a consistent and healthy growth in its operations to
remain the market leader in mortgages Its outstanding loan portfolio covers well
over a million dwelling units HDFC has developed significant expertise in retail
mortgage loans to different market segments and also has a large corporate client
base for its housing related credit facilities With its experience in the financial
9
markets a strong market reputation large shareholder base and unique consumer
franchise HDFC was ideally positioned to promote a bank in the Indian
environment
BUSINESS FOCUS
HDFC Banks mission is to be a World-Class Indian Bank The objective is to
build sound customer franchises across distinct businesses so as to be the preferred
provider of banking services for target retail and wholesale customer segments
and to achieve healthy growth in profitability consistent with the banks risk
appetite The bank is committed to maintain the highest level of ethical standards
professional integrity corporate governance and regulatory compliance HDFC
Banks business philosophy is based on four core values - Operational
Excellence Customer Focus Product Leadership and People
CAPITAL STRUCTURE
The authorized capital of HDFC Bank is Rs550 crore (Rs55 billion) The paid-up
capital is Rs4246 crore (Rs42 billion) The HDFC Group holds 194 of the
banks equity and about 176 of the equity is held by the ADS Depository (in
respect of the banks American Depository Shares (ADS) Issue) Roughly 28 of
the equity is held by Foreign Institutional Investors (FIIs) and the bank has about
570000 shareholders The shares are listed on the Stock Exchange Mumbai and
the National Stock Exchange The banks American Depository Shares are listed on
the New York Stock Exchange (NYSE) under the symbol HDB
10
DISTRIBUTION NETWORK
HDFC Bank headquartered is in Mumbai The Bank at present has an enviable
network of over 1229 branches spread over 444 cities across India All branches
are linked on an online real-time basis Customers in over 120 locations are also
serviced through Telephone Banking The Banks expansion plans take into
account the need to have a presence in all major industrial and commercial centers
where its corporate customers are located as well as the need to build a strong retail
customer base for both deposits and loan products Being a clearingsettlement
bank to various leading stock exchanges the Bank has branches in the centers
where the NSEBSE has a strong and active member base The Bank also has a
network of about over 2526 networked ATMs across these cities Moreover
HDFC Banks ATM network can be accessed by all domestic and international
VisaMasterCard Visa ElectronMaestro PlusCirrus and American Express
CreditCharge cardholders
STRONG NATIONAL NETWORK
11
WORK PLACE TRANSFORMATION
FIVE ldquoSrdquo PART OF KAIZEN
Focus on effective work place organization
believe in
ldquoSmall changes lead to large improvementrdquo
Every successful organization have their own strategy to win the race in the
competitive market They use some technique and methodology for smooth
running of business HDFC BANK also acquired the Japanese technique for
smooth running of work and effective work place organization
Five bdquoS‟ Part of Kaizen is the technique which is used in the bank for easy and
systematic work place and eliminating unnecessary things from the work place
BENEFIT OF FIVE ldquoSrdquo
It can be started immediately
Every one has to participate
Five ldquoSrdquo is an entirely people driven initiatives
Brings in concept of ownership
All wastage are made visible
12
FIVE bdquoS‟
S-1 SORT SEIRI
S-2 SYSTEMATIZE SEITON
S-3 SPIC-N-SPAN SEIRO
S-4 STANDARDIZE SEIKETSU
S-5 SUSTAIN SHITSUKE
1 SORT
It focus on eliminating unnecessary items from the work place It is excellent way
to free up valuable floor space It segregate items as per ldquorequire and wantedrdquo
2 SYSTEMATIZE
Systematize is focus on efficient and effective Storage method That means it
identify organize and arrange retrieval It largely focus on good labeling and
identification practices
Objective ldquoA place for everything and everything in its placerdquo
3 SPIC- n - SPAN
13
Spic-n-Span focuses on regular clearing and self inspection It brings in the sense
of ownership
4 STANDERDIZE
It focuses on simplification and standardization It involves standard rules and
policies It establish checklist to facilitate autonomous maintenance of workplace
It assigns responsibility for doing various jobs and decides on Five S frequency
5 SUSTAIN
It focuses on defining a new status and standard of organized work place Sustain
means regular training to maintain standards developed under S-4 It brings in self-
discipline and commitment towards workplace organization
COLOR CODING
In the HDFC BANK each department has their different color coding apply on the
different file Due to this everyone aware about their particular color file which is
coding on it and they save their valuable time It is a part of Kaizen and also
included in the system of the Five bdquoS‟ Logic behind it that the color coding are
always differentiate the things from the similar one
14
HUMAN
RESOURCES
The Bank‟s staffing
needs continued to
increase during the
year particularly in
the retail banking
businesses in line
with the business growth Total number of employees increased from 14878 as of
March31 2006 to 21477 as of March 31 2008The Bank continues to focus on
training its employees on a continuing basis both on the job and through training
programs conducted by internal and external faculty
The Bank has consistently believed that broader employee ownership of its shares
has a positive impact on its performance and employee motivation The Bank‟s
employee stock option scheme so far covers around 9000 employees
DEPARTMENT
Welcome Desk
Personal Banker
Teller
Relationship Manager
Branch Manager
Demat
Others
15
MANAGEMENT
Mr Jagdish Capoor took over as the banks Chairman in July 2001 Prior to this
Mr Capoor was a Deputy Governor of the Reserve Bank of India The Managing
Director Mr Aditya Puri has been a professional banker for over 25 years and
before joining HDFC Bank in 1994 was heading Citibanks operations in Malaysia
The Banks Board of Directors is composed of eminent individuals with a wealth of
experience in public policy administration industry and commercial banking
Senior executives representing HDFC are also on the Board Senior banking
professionals with substantial experience in India and abroad head various
businesses and functions and report to the Managing Director Given the
professional expertise of the management team and the overall focus on recruiting
and retaining the best talent in the industry the bank believes that its people are a
significant competitive strength
TECHNOLOGY
HDFC Bank operates in a highly automated environment in terms of information
technology and communication systems All the banks branches have online
connectivity which enables the bank to offer speedy funds transfer facilities to its
customers Multi-branch access is also provided to retail customers through the
branch network and Automated Teller Machines (ATMs) The Bank has made
substantial efforts and investments in acquiring the best technology available
internationally to build the infrastructure for a world class bank The Banks
business is supported by scalable and robust systems which ensure that our clients
16
always get the finest services we offer The Bank has prioritized its engagement in
technology and the internet as one of its key goals and has already made significant
progress in web-enabling its core businesses In
each of its businesses the Bank has succeeded in leveraging its market position
expertise and technology to create a competitive advantage and build market share
HDFC BANK business strategy emphasizes the following
Increase market share in India‟s expanding banking and financial services
industry by following a disciplined growth strategy focusing on quality and not
on quantity and delivering high quality customer service Leverage our technology
platform and open scaleable systems to deliver more products to more customers
and to control operating costs Maintain current high standards for asset quality
through disciplined credit risk managementDevelope innovative products and
services that attract the targeted customers and address inefficiencies in the
Indian financial sector Continue to develop products and services that reduce
bank‟s cost of funds Focus on high earnings growth with low volatility
PRODUCT SCOPE
HDFC Bank offers a bunch of products and services to meet the every need of the
people The company cares for both individuals as well as corporate and small and
medium enterprises For individuals the company has a range accounts
investment and pension scheme different types of loans and cards that assist the
17
customers The customers can choose the suitable one from a range of products
which will suit their life-stage and needs For organizations the company has a host
of customized solutions that range from funded services Non-funded services
Value addition services Mutual fund etc These affordable plans apart from
providing long term value to the employees help in enhancing goodwill of the
company The products of the company are categorized into various sections which
are as follows
Accounts and deposits
Loans
Investments and Insurance
Forex and payment services
Cards
Customer center
PRODUCTS AND SERVICES AT A GLANCE
1 PERSONAL BANKING SERVICES
A Accounts amp Deposits
Savings Account
Regular Savings Account
Savings Plus Account
Savings Max Account
18
Senior Citizens Account
No Frills Account
Institutional Savings Account
Payroll Salary Account
Classic Salary Account
Regular Salary Account
Premium Salary Account
Defence Salary Account
Kids Advantage Account
Pension Saving Bank Account
Family Savings Account
Kisan No Frills Savings Account
Kisan Club Savings Account
Current Account
Plus Current Account
Trade Current Account
Premium Current Account
Regular Current Account
Apex Current Account
Max Current Account
Reimbursement Current Account
Fixed Deposit
Regular Fixed Deposit
Super Saver Account
Sweep-in Account
19
Recurring Deposit
Demat Account
Safe Deposit Locker
B Loans
Personal Loans
Home Loans
Two Wheeler Loans
New Car Loans
Used Car Loans
Overdraft against Car
Express Loans
Loan against Securities
Loan against Property
Commercial Vehicle Finance
Working Capital Finance
Construction Equipment Finance
C Investments amp Insurance
Mutual Funds
Insurance
Bonds
Financial Planning
Knowledge Centre
Equities amp Derivatives
20
Mudra Gold Bar
D Forex Services
Trade Finance
Traveler‟s Cheques
Foreign Currency Cash
Foreign Currency Drafts
Foreign Currency Cheque Deposits
Foreign Currency Remittances
Forex Plus Card
E Payment Services
Net Safe
Prepaid Refill
Bill Pay
Direct Pay
Visa Money Transfer
E-Monies Electronic Funds Transfer
Excise amp Service Tax Payment
F Access Your Bank - One View
Insta Alerts
Mobile Banking
ATM
Phone Banking
21
Branch Network
G Cards
Silver Credit Card
Gold Credit Card
Womans Gold Credit Card
Platinum plus Credit Card
Titanium Credit Card
Value plus Credit Card
Health plus Credit Card
HDFC Bank Idea Silver Card
HDFC Bank Idea Gold Card
2 WHOLESALE BANKING SERVICES
Funded Services
Non Funded Services
Value Added Services
Internet Banking
Clearing Sub-Membership
RTGS ndash sub membership
Fund Transfer
ATM Tie-ups
Corporate Salary ac
Tax Collection
Financial Institutions
22
Mutual Funds
Stock Brokers
Insurance Companies
Commodities Business
Trusts
3 NRI BANKING SERVICES
Rupee Saving ac
Rupee Current ac
Rupee Fixed Deposits
Foreign Currency Deposits
Accounts for Returning Indians
Payment Services
Net Safe
Bill Pay
Insta Pay
Direct Pay
Visa Money
Online Donation
Remittances
MILESTONES IN THE HISTORY
23
HDFC Bank began its operations in 1995 with a simple mission to be a World-
class Indian Bank They realized that only a single-minded focus on product
quality and service excellence would help us get there Today they are proud to
say that they are well on our way towards that goal It is extremely gratifying that
their efforts towards providing customer convenience have been appreciated both
nationally and internationally
2009
Asia Money 2009 Awards Best Domestic Bank in India
IBA Banking Technology
Awards 2009
Best IT Governance Award - Runner up
Global Finance Award Best Trade Finance Bank in India for 2009
IDRBT Banking Technology
Excellence Award 2008
Best IT Governance and Value Delivery
Asian Banker Excellence in
Retail Financial Services
Asian Banker Best Retail Bank in India
Award 2009
24
2008
Finance Asia Country Awards
for Achievement 2008
Best Bank and Best Cash Management
Bank
CNN-IBN Indian of the Year (Business)
Nasscom IT User Award 2008 Best IT Adoption in the Banking Sector
Business India Best Bank 2008
Forbes Asia Fab 50 companies in Asia Pacific
Asian Banker Excellence in
Retail Financial Services
Best Retail Bank 2008
Asiamoney Best local Cash Management Bank Award voted
by Corporates
Microsoft amp Indian Express
Group
Security Strategist Award 2008
World Trade Center Award of
honour
For outstanding contribution to international
trade services
Business Today-Monitor
Group survey
One of Indias Most Innovative Companies
Financial Express-Ernst amp
Young Award
Best Bank Award in the Private Sector
category
Global HR Excellence Awards Employer Brand of the Year 2007 -2008
25
- Asia Pacific HRM Congress Award - First Runner up amp many more
Business Today Best Bank Award
2007
Dun amp Bradstreet ndash American
Express Corporate Best Bank
Award 2007
Corporate Best Bank Award
The Bombay Stock Exchange
and Nasscom Foundations
Business for Social
Responsibility Awards 2007
Best Corporate Social Responsibility
Practice Award
Outlook Money amp NDTV
Profit
Best Bank Award in the Private sector
category
The Asian Banker Excellence
in Retail Financial Services
Awards
Best Retail Bank in India
Asian Banker Our Managing Director Aditya Puri wins the
Leadership Achievement Award for India
26
MERGER
HDFC Bank and Centurion Bank of Punjab merger at share swap ratio of 129 The
Boards of HDFC Bank and Centurion Bank of Punjab met on 25 February 2008
and approved subject to due diligence the share swap ratio for the proposed
merger of Centurion Bank of Punjab with HDFC Bank The Scheme of
Amalgamation envisages a share exchange ratio of one share of HDFC Bank for
twenty nine shares of Centurion Bank of Punjab The combined entity would have
a nationwide network of 1148 branches (the largest amongst private sector Banks)
a strong deposit base of around Rs 1200 billion and net advances of around Rs
850billion The balance sheet size of the combined entity would be over Rs 1500
billion Commenting on the proposed merger Mr Deepak Parekh Chairman
HDFC said ldquoWe were amongst the first to get a banking license the first to do a
merger in the private sector with Times Bank in 1999 and now if this deal
happens it would be the largest merger in the private sector banking space in
India HDFC Bank was looking for an appropriate merger opportunity that would
add scale geography and experienced staff to its franchise This opportunity arose
and we thought it is an attractive route to supplement HDFC Bank‟s organic
growth We believe that Centurion Bank of Punjab would be the right fit in terms
of culture strategic intent and approach to businessrdquo Mr Aditya Puri Managing
Director HDFC Bank said ldquoThese are exciting times for the Indian banking
industry The proposed merger will position the combined entity to significantly
exploit opportunities in a market globally recognized as one of the fastest growing
27
I‟m particularly bullish about the potential of business synergies and cultural fit
between the two organizations The combined entity will be an even greater force
in the marketrdquo Mr Rana Talwar Chairman Centurion Bank of Punjab stated
ldquoOver the last few years Centurion Bank of Punjab has set benchmarks for growth
The bank today has a large nationwide network an extremely valuable franchise
7500
talented employees and strong leadership positions in the market place I believe
that the merger with HDFC Bank will create a world class bank in quality and
scale and will set the stage to compete with banks both locally as well on a global
levelrdquo
Mr Shailendra Bhandari Managing Director and CEO Centurion Bank of Punjab
said ldquoWe are extremely pleased to receive the go ahead from our board to pursue
this opportunity A merger between the banks provides significant synergies to the
combined entity The proposed merger would further improve the franchise and
customer proposition offered by the individual banksrdquo
QUALITY POLICY
SECURITY The bank provides long term financial security to their policy The
bank does this by offering life insurance and pension products
28
TRUST The bank appreciates the trust placed by their policy holders in the bank
Hence it will aim to manage their investments very carefully and live up to this
trust
INNOVATION Recognizing the different needs of our customers the bank offers
a range of innovative products to meet these needs
INTEGRITY CUSTOMER CENTRIC PEOPLE CARE ldquoONE FOR ALL AND
ALL FOR ONErdquo TEAM WORK JOY AND SIMPLICITY
RESEARCH OBJECTIVES AND SCOPE OF RESEARCH PROJECT
PROBLEM DEFINATION
Personal Banker were with good background human being and through rigorous
process of recruitment but still not able to perform up to the expectation level of
company HR is not able to sort out the problem why the performance is not
coming even after giving the full marketing and operational support The
communication technique and dealing with the customers is also a problem to the
personal banker
OBJECTIVES OF RESEARCH PROJECT
PRIMARY OBJECTIVES
To acquire new customer by convincing them and to promote the benefits of
those which are provided by the bank
29
To find the different way of convincing customers
To study brand image of the bank
To increase the business of the bank
SECONDARY OBJECTIVES
To determine the need and purpose of a personal banker
To understand the deciding criteria for people to become a personal banker
To offer suggestions based upon the findings
PRODUCT SCOPE
Studying the increasing business scope of the bank Market segmentation to find
the potential customers for the bank To study how the various products are
positioned in the market Corporate marketing of products Customers‟ perception
on the various products of the bank
RESEARCH METHODOLOGY AND LIMITATIONS
All the findings and conclusions obtained are based on the survey done in the
working area within the time limit I tried to select the sample representative of the
whole group during my summer training I have collected data from people linked
with different professional at Gorakhpur
30
RESEARCH PLAN
PRELIMINARY INVESTIGATION
In which data on the situation surrounding the problems shall be gathered to
arrive at
The correct definition of the problem An understanding of its environment
EXPLORATORY STUDY
To determine the approximate area where the problem lies
RESEARCH DESIGN
Research was initiated by examining the secondary data to gain insight into the
problem By analyzing the secondary data the study aim is to explore the short
comings of the present system and primary data will help to validate the analysis of
secondary data besides on unrevealing the areas which calls for improvement
DEVELOPING THE RESEARCH PLAN
The data for this research project has been collected through self Administration
Due to time limitation and other constraints direct personal interview method is
31
used A structured questionnaire was framed as it is less time consuming generates
specific and to the point
information easier to tabulate and interpret Moreover respondents prefer to give
direct answers In questionnaires open ended and closed ended both the types of
questions has been used
COLLECTION OF DATA
1 SECONDARY DATA It was collected from internal sources The secondary
data was collected on the basis of organizational file official records news papers
magazines management books preserved information in the company‟s database
and website of the company
2 PRIMARY DATA All the people from different profession were personally
visited and interviewed They were the main source of Primary data The method
of collection of primary data was direct personal interview through a structured
questionnaire
SAMPLING PLAN Since it is not possible to study whole universe it becomes
necessary to take sample from the universe to know about its characteristics
Sampling Units Different professionals Chartered Accountants Tax
Consultants Lawyers Business Man Professionals and House Wives of
Gorakhpur
Sample Technique Random Sampling
32
Research Instrument Structured Questionnaire
Contact Method Personal Interview
SAMPLE SIZE My sample size for this project was 50 respondents Since it was
not possible to cover the whole universe in the available time period it was
necessary for me to take a sample size of 50 respondents
DATA COLLECTION INSTRUMENT DEVELOPMENT The mode of
collection of data will be based on Survey Method and Field Activity Primary data
collection will base on personal interview I have prepared the questionnaire
according to the necessity of the data to be collected
RESEARCH LIMITATIONS
It was not possible to understand thoroughly about the different marketing aspects
of the Financial Consultant within 60 days As stipend money was not given it was
difficult to continue the project work All the work was limited in some limited
areas of Gorakhpur so the findings should not be generalized The area of research
was Gorakhpur and it was too vast an area to cover within 60 days
DATA ANALYSIS INTERPRETATION AND PRESENTATION
Q1Your Age
33
Ans
1 18-23 Years 10 Person
2 24-29 Years 20 Person
3 30-35 Years 10 Person
4 35 Years and above 10 Person
Base 50 respondents
Interpretation From above response it can be seen that
20 respondent‟s age are 18 to 23 years
35 respondent‟s age are 24 to 29 years
30 respondent‟s age are 30 to 35 years
15 respondent‟s age are 35 to above years
Q2 Marital Status
bull Married bull Single
No of Children __________
Ans
Married 32 Person
Single 18 Person
No of Children Nil
Interpretation From above response it can be seen that
70 respondents are married
30 respondents are unmarried
Q3 Educational Qualification
34
Undergraduate
Graduate
Postgraduate
9Ans
Undergraduate 10 Person
Graduate 22 Person
Postgraduate 18 Person
Interpretation From above response it can be seen that
25 respondents are Under graduate
40 respondents are Graduate
35 respondents are Post graduate
Q4 Number Of year‟s Are You in Gorakhpur
Less than five year‟s
More than five year‟s
Ans
Less than five year‟s 17 Person
More than five year‟s 33 Person
Interpretation From above response it can be seen
that
39 respondents are in Gorakhpur for less than five years
61 respondents are in Gorakhpur for more than five years
Q5 Your Occupation
Business
35
Profession
Service
Ans
Business 13 Person
Profession 17 Person
Service 20 Person
Interpretation From above response it can be seen that
20 respondents Occupation is Business
26 respondents Occupation is Profession
54 respondents Occupation is Service
Q6 Your annual household income
Less than 2 lacs
Between 2 to 5 lacs
Between 5to 8 lacs
More than 8 lacs
Ans
Less than 2 lacs 32 Person
Between 2 to 5 lacs 13 Person
Between 5to 8 lacs 3 Person
More than 8 lacs 2 Person
Interpretation From above response it can be seen that
49 respondent‟s annual household income is less than 2 lacs
31 respondent‟s annual household income is between 2 to 5 lacs
15 respondent‟s annual household income is between 5 to 8 lacs
36
5 respondent‟s annual household income is more than 8 lacs
Q7 What is your perception about different productsservices provided by HDFC
bank
Lucrative
Not lucrative
No idea
Ans
Lucrative 12 Person
Not lucrative 33 Person
No idea 5 Person
Interpretation From above response it can be seen that
25 respondent‟s perception about different products is lucrative
60 respondent‟s perception about
different products is not lucrative
15 respondent‟s have no idea
Q8 Do you want to open an account with HDFC bank
Yes
No
Will tell later
Ans
Yes 8 Person
No 5 Person
Will tell later 37 Person
37
Interpretation From above response it can be seen that
80 respondents are not interested to open an account with the bank
5 respondents are interested to open an account with the bank
15 of the respondents say that they will tell later
Q9 Do you have all the documents which are required to open an account
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
60 respondents have all the documents which are required to open an
account with the bank
25 respondents do not have all the documents which are required to open
an account with the bank
Q10 Are you aware that the bank provides you free phone banking amp net banking
services If you open a new savings account with HDFC bank
Yes
No
Ans
Yes 32 Person
No 18 Person
Interpretation From above response it can be seen that
38
20 respondents are aware of it
40 respondents are not aware of it
Q11Are you aware of different terms and conditions which are very much
essential to maintain an account at HDFC Bank
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
12 respondents are familiar with different terms and conditions which are
very much essential to maintain account with the bank
88 respondents have no idea about it
Q13 Do you know about HDFC Bank‟s recruitment policies related to personal
banker
Yes
No
Ans
Yes 38 Person
No 12 Person
Interpretation From above response it can be seen that
41 respondents are known about HDFC Bank‟s recruitment policies
related to personal banker
39
59 respondents are not known about HDFC Bank‟s recruitment policies
related to personal banker
CONCLUSIONS
HDFC Bank the banking arm of HDFC is expected to go on stream The bank
already has good number of employees on board and is recruiting personal banker
heavily to take the headcount to many more It is on the brim of increasing its
customers through its attractive schemes and offer
The project opportunities provided was market segmentation and identifying
prospective customers in potential geographical location and convincing them to
attract more customers so that new business opportunities of the bank can be
explored Through this project it could be concluded that people are not much
aware about the various products of the bank and many of them not interested to
open an account to invest money at all services was considered as unsought good
which require hard core selling but in changing trend in income and people
becoming financially literate the demand for banking sector is increasing day by
day
So at last the conclusion is that there is tough competition ahead for the company
from its major competitors in the banking sector Last but not the least I would like
to thank HDFC Bank for giving me an opportunity to work in the field of
Marketing and Operation I hope the company finds my analysis relevant
40
BIBLIOGRAPHY
1 WEBSITES
wwwhdfcbankcom wwwgooglecom
6
improved performance in particular job Most of the trainees used to be from
operative levels like mechanics machines operators and other kinds of skilled
workers When the problems of supervision increased the step were taken to train
supervisors for better supervision
DEVELOPMENT
Management development is all those activities and programme when recognized
and controlled have substantial influence in changing the capacity of the individual
to perform his assignment better and in going so all likely to increase his potential
for future assignments Thus management development is a combination of
various training programme though some kind of training is necessary it is the
overall development of the competency of managerial personal in the light of the
present requirement as well as the future requirement Development an activity
designed to improve the performance of existing managers and to provide for a
planned growth of managers to meet future organizational requirements is
management development
REASON FOR SELECTION OF THIS TOPIC
The financial sector is one of the booming and increasing sectors in India The
Personal Banker are one of the most powerful efficient and effective channel
through which the company sales its various types of financial products and
company takes operational work also It is really difficult to convince customers
and sell a single product and accomplish operational work Whereas in my entire
project work I found my interest in working in a team dealing with customers and
finally convincing them to buy a product
7
IMPORTANCE TO THE COMPANY
The ultimate purpose of giving me this topic was to know about the customer‟s
perceptions about the different products of the bank and to know about operational
process how these products can attract them and how the company can generate
maximum profit by convincing them through personal banker and to better
understand customer requirement and to understand operational methodology
LEARNING FROM THE STUDY
The process of bank related transaction bank related various terms work
environment of HDFC Bank Different products and services provided by the bank
Customers‟ perception about the different products The brand image of the bank
What are the problems faced by customer on daily basis How to communicate
with the customers Different techniques of dealing with the customers How to
convince and convert a customer into a real customer and at the last how to better
response to the customer problem
ORGANIZATION PROFILE
COMPANY HISTORY The Housing Development Finance Corporation
Limited (HDFC) was amongst the first to receive an in principle approval from
the Reserve Bank of India (RBI) to set up a bank in the private sector as part of the
RBIs liberalization of the Indian Banking Industry in 1994 The bank was
incorporated in August 1994 in the name of HDFC Bank Limited with its
8
registered office in Mumbai India HDFC Bank commenced operations as a
Scheduled Commercial Bank in January 1995
PROMOTER
HDFC is Indias premier housing finance company and enjoys an impeccable track
record in India as well as in international markets Since its inception in 1977 the
Corporation has maintained a consistent and healthy growth in its operations to
remain the market leader in mortgages Its outstanding loan portfolio covers well
over a million dwelling units HDFC has developed significant expertise in retail
mortgage loans to different market segments and also has a large corporate client
base for its housing related credit facilities With its experience in the financial
9
markets a strong market reputation large shareholder base and unique consumer
franchise HDFC was ideally positioned to promote a bank in the Indian
environment
BUSINESS FOCUS
HDFC Banks mission is to be a World-Class Indian Bank The objective is to
build sound customer franchises across distinct businesses so as to be the preferred
provider of banking services for target retail and wholesale customer segments
and to achieve healthy growth in profitability consistent with the banks risk
appetite The bank is committed to maintain the highest level of ethical standards
professional integrity corporate governance and regulatory compliance HDFC
Banks business philosophy is based on four core values - Operational
Excellence Customer Focus Product Leadership and People
CAPITAL STRUCTURE
The authorized capital of HDFC Bank is Rs550 crore (Rs55 billion) The paid-up
capital is Rs4246 crore (Rs42 billion) The HDFC Group holds 194 of the
banks equity and about 176 of the equity is held by the ADS Depository (in
respect of the banks American Depository Shares (ADS) Issue) Roughly 28 of
the equity is held by Foreign Institutional Investors (FIIs) and the bank has about
570000 shareholders The shares are listed on the Stock Exchange Mumbai and
the National Stock Exchange The banks American Depository Shares are listed on
the New York Stock Exchange (NYSE) under the symbol HDB
10
DISTRIBUTION NETWORK
HDFC Bank headquartered is in Mumbai The Bank at present has an enviable
network of over 1229 branches spread over 444 cities across India All branches
are linked on an online real-time basis Customers in over 120 locations are also
serviced through Telephone Banking The Banks expansion plans take into
account the need to have a presence in all major industrial and commercial centers
where its corporate customers are located as well as the need to build a strong retail
customer base for both deposits and loan products Being a clearingsettlement
bank to various leading stock exchanges the Bank has branches in the centers
where the NSEBSE has a strong and active member base The Bank also has a
network of about over 2526 networked ATMs across these cities Moreover
HDFC Banks ATM network can be accessed by all domestic and international
VisaMasterCard Visa ElectronMaestro PlusCirrus and American Express
CreditCharge cardholders
STRONG NATIONAL NETWORK
11
WORK PLACE TRANSFORMATION
FIVE ldquoSrdquo PART OF KAIZEN
Focus on effective work place organization
believe in
ldquoSmall changes lead to large improvementrdquo
Every successful organization have their own strategy to win the race in the
competitive market They use some technique and methodology for smooth
running of business HDFC BANK also acquired the Japanese technique for
smooth running of work and effective work place organization
Five bdquoS‟ Part of Kaizen is the technique which is used in the bank for easy and
systematic work place and eliminating unnecessary things from the work place
BENEFIT OF FIVE ldquoSrdquo
It can be started immediately
Every one has to participate
Five ldquoSrdquo is an entirely people driven initiatives
Brings in concept of ownership
All wastage are made visible
12
FIVE bdquoS‟
S-1 SORT SEIRI
S-2 SYSTEMATIZE SEITON
S-3 SPIC-N-SPAN SEIRO
S-4 STANDARDIZE SEIKETSU
S-5 SUSTAIN SHITSUKE
1 SORT
It focus on eliminating unnecessary items from the work place It is excellent way
to free up valuable floor space It segregate items as per ldquorequire and wantedrdquo
2 SYSTEMATIZE
Systematize is focus on efficient and effective Storage method That means it
identify organize and arrange retrieval It largely focus on good labeling and
identification practices
Objective ldquoA place for everything and everything in its placerdquo
3 SPIC- n - SPAN
13
Spic-n-Span focuses on regular clearing and self inspection It brings in the sense
of ownership
4 STANDERDIZE
It focuses on simplification and standardization It involves standard rules and
policies It establish checklist to facilitate autonomous maintenance of workplace
It assigns responsibility for doing various jobs and decides on Five S frequency
5 SUSTAIN
It focuses on defining a new status and standard of organized work place Sustain
means regular training to maintain standards developed under S-4 It brings in self-
discipline and commitment towards workplace organization
COLOR CODING
In the HDFC BANK each department has their different color coding apply on the
different file Due to this everyone aware about their particular color file which is
coding on it and they save their valuable time It is a part of Kaizen and also
included in the system of the Five bdquoS‟ Logic behind it that the color coding are
always differentiate the things from the similar one
14
HUMAN
RESOURCES
The Bank‟s staffing
needs continued to
increase during the
year particularly in
the retail banking
businesses in line
with the business growth Total number of employees increased from 14878 as of
March31 2006 to 21477 as of March 31 2008The Bank continues to focus on
training its employees on a continuing basis both on the job and through training
programs conducted by internal and external faculty
The Bank has consistently believed that broader employee ownership of its shares
has a positive impact on its performance and employee motivation The Bank‟s
employee stock option scheme so far covers around 9000 employees
DEPARTMENT
Welcome Desk
Personal Banker
Teller
Relationship Manager
Branch Manager
Demat
Others
15
MANAGEMENT
Mr Jagdish Capoor took over as the banks Chairman in July 2001 Prior to this
Mr Capoor was a Deputy Governor of the Reserve Bank of India The Managing
Director Mr Aditya Puri has been a professional banker for over 25 years and
before joining HDFC Bank in 1994 was heading Citibanks operations in Malaysia
The Banks Board of Directors is composed of eminent individuals with a wealth of
experience in public policy administration industry and commercial banking
Senior executives representing HDFC are also on the Board Senior banking
professionals with substantial experience in India and abroad head various
businesses and functions and report to the Managing Director Given the
professional expertise of the management team and the overall focus on recruiting
and retaining the best talent in the industry the bank believes that its people are a
significant competitive strength
TECHNOLOGY
HDFC Bank operates in a highly automated environment in terms of information
technology and communication systems All the banks branches have online
connectivity which enables the bank to offer speedy funds transfer facilities to its
customers Multi-branch access is also provided to retail customers through the
branch network and Automated Teller Machines (ATMs) The Bank has made
substantial efforts and investments in acquiring the best technology available
internationally to build the infrastructure for a world class bank The Banks
business is supported by scalable and robust systems which ensure that our clients
16
always get the finest services we offer The Bank has prioritized its engagement in
technology and the internet as one of its key goals and has already made significant
progress in web-enabling its core businesses In
each of its businesses the Bank has succeeded in leveraging its market position
expertise and technology to create a competitive advantage and build market share
HDFC BANK business strategy emphasizes the following
Increase market share in India‟s expanding banking and financial services
industry by following a disciplined growth strategy focusing on quality and not
on quantity and delivering high quality customer service Leverage our technology
platform and open scaleable systems to deliver more products to more customers
and to control operating costs Maintain current high standards for asset quality
through disciplined credit risk managementDevelope innovative products and
services that attract the targeted customers and address inefficiencies in the
Indian financial sector Continue to develop products and services that reduce
bank‟s cost of funds Focus on high earnings growth with low volatility
PRODUCT SCOPE
HDFC Bank offers a bunch of products and services to meet the every need of the
people The company cares for both individuals as well as corporate and small and
medium enterprises For individuals the company has a range accounts
investment and pension scheme different types of loans and cards that assist the
17
customers The customers can choose the suitable one from a range of products
which will suit their life-stage and needs For organizations the company has a host
of customized solutions that range from funded services Non-funded services
Value addition services Mutual fund etc These affordable plans apart from
providing long term value to the employees help in enhancing goodwill of the
company The products of the company are categorized into various sections which
are as follows
Accounts and deposits
Loans
Investments and Insurance
Forex and payment services
Cards
Customer center
PRODUCTS AND SERVICES AT A GLANCE
1 PERSONAL BANKING SERVICES
A Accounts amp Deposits
Savings Account
Regular Savings Account
Savings Plus Account
Savings Max Account
18
Senior Citizens Account
No Frills Account
Institutional Savings Account
Payroll Salary Account
Classic Salary Account
Regular Salary Account
Premium Salary Account
Defence Salary Account
Kids Advantage Account
Pension Saving Bank Account
Family Savings Account
Kisan No Frills Savings Account
Kisan Club Savings Account
Current Account
Plus Current Account
Trade Current Account
Premium Current Account
Regular Current Account
Apex Current Account
Max Current Account
Reimbursement Current Account
Fixed Deposit
Regular Fixed Deposit
Super Saver Account
Sweep-in Account
19
Recurring Deposit
Demat Account
Safe Deposit Locker
B Loans
Personal Loans
Home Loans
Two Wheeler Loans
New Car Loans
Used Car Loans
Overdraft against Car
Express Loans
Loan against Securities
Loan against Property
Commercial Vehicle Finance
Working Capital Finance
Construction Equipment Finance
C Investments amp Insurance
Mutual Funds
Insurance
Bonds
Financial Planning
Knowledge Centre
Equities amp Derivatives
20
Mudra Gold Bar
D Forex Services
Trade Finance
Traveler‟s Cheques
Foreign Currency Cash
Foreign Currency Drafts
Foreign Currency Cheque Deposits
Foreign Currency Remittances
Forex Plus Card
E Payment Services
Net Safe
Prepaid Refill
Bill Pay
Direct Pay
Visa Money Transfer
E-Monies Electronic Funds Transfer
Excise amp Service Tax Payment
F Access Your Bank - One View
Insta Alerts
Mobile Banking
ATM
Phone Banking
21
Branch Network
G Cards
Silver Credit Card
Gold Credit Card
Womans Gold Credit Card
Platinum plus Credit Card
Titanium Credit Card
Value plus Credit Card
Health plus Credit Card
HDFC Bank Idea Silver Card
HDFC Bank Idea Gold Card
2 WHOLESALE BANKING SERVICES
Funded Services
Non Funded Services
Value Added Services
Internet Banking
Clearing Sub-Membership
RTGS ndash sub membership
Fund Transfer
ATM Tie-ups
Corporate Salary ac
Tax Collection
Financial Institutions
22
Mutual Funds
Stock Brokers
Insurance Companies
Commodities Business
Trusts
3 NRI BANKING SERVICES
Rupee Saving ac
Rupee Current ac
Rupee Fixed Deposits
Foreign Currency Deposits
Accounts for Returning Indians
Payment Services
Net Safe
Bill Pay
Insta Pay
Direct Pay
Visa Money
Online Donation
Remittances
MILESTONES IN THE HISTORY
23
HDFC Bank began its operations in 1995 with a simple mission to be a World-
class Indian Bank They realized that only a single-minded focus on product
quality and service excellence would help us get there Today they are proud to
say that they are well on our way towards that goal It is extremely gratifying that
their efforts towards providing customer convenience have been appreciated both
nationally and internationally
2009
Asia Money 2009 Awards Best Domestic Bank in India
IBA Banking Technology
Awards 2009
Best IT Governance Award - Runner up
Global Finance Award Best Trade Finance Bank in India for 2009
IDRBT Banking Technology
Excellence Award 2008
Best IT Governance and Value Delivery
Asian Banker Excellence in
Retail Financial Services
Asian Banker Best Retail Bank in India
Award 2009
24
2008
Finance Asia Country Awards
for Achievement 2008
Best Bank and Best Cash Management
Bank
CNN-IBN Indian of the Year (Business)
Nasscom IT User Award 2008 Best IT Adoption in the Banking Sector
Business India Best Bank 2008
Forbes Asia Fab 50 companies in Asia Pacific
Asian Banker Excellence in
Retail Financial Services
Best Retail Bank 2008
Asiamoney Best local Cash Management Bank Award voted
by Corporates
Microsoft amp Indian Express
Group
Security Strategist Award 2008
World Trade Center Award of
honour
For outstanding contribution to international
trade services
Business Today-Monitor
Group survey
One of Indias Most Innovative Companies
Financial Express-Ernst amp
Young Award
Best Bank Award in the Private Sector
category
Global HR Excellence Awards Employer Brand of the Year 2007 -2008
25
- Asia Pacific HRM Congress Award - First Runner up amp many more
Business Today Best Bank Award
2007
Dun amp Bradstreet ndash American
Express Corporate Best Bank
Award 2007
Corporate Best Bank Award
The Bombay Stock Exchange
and Nasscom Foundations
Business for Social
Responsibility Awards 2007
Best Corporate Social Responsibility
Practice Award
Outlook Money amp NDTV
Profit
Best Bank Award in the Private sector
category
The Asian Banker Excellence
in Retail Financial Services
Awards
Best Retail Bank in India
Asian Banker Our Managing Director Aditya Puri wins the
Leadership Achievement Award for India
26
MERGER
HDFC Bank and Centurion Bank of Punjab merger at share swap ratio of 129 The
Boards of HDFC Bank and Centurion Bank of Punjab met on 25 February 2008
and approved subject to due diligence the share swap ratio for the proposed
merger of Centurion Bank of Punjab with HDFC Bank The Scheme of
Amalgamation envisages a share exchange ratio of one share of HDFC Bank for
twenty nine shares of Centurion Bank of Punjab The combined entity would have
a nationwide network of 1148 branches (the largest amongst private sector Banks)
a strong deposit base of around Rs 1200 billion and net advances of around Rs
850billion The balance sheet size of the combined entity would be over Rs 1500
billion Commenting on the proposed merger Mr Deepak Parekh Chairman
HDFC said ldquoWe were amongst the first to get a banking license the first to do a
merger in the private sector with Times Bank in 1999 and now if this deal
happens it would be the largest merger in the private sector banking space in
India HDFC Bank was looking for an appropriate merger opportunity that would
add scale geography and experienced staff to its franchise This opportunity arose
and we thought it is an attractive route to supplement HDFC Bank‟s organic
growth We believe that Centurion Bank of Punjab would be the right fit in terms
of culture strategic intent and approach to businessrdquo Mr Aditya Puri Managing
Director HDFC Bank said ldquoThese are exciting times for the Indian banking
industry The proposed merger will position the combined entity to significantly
exploit opportunities in a market globally recognized as one of the fastest growing
27
I‟m particularly bullish about the potential of business synergies and cultural fit
between the two organizations The combined entity will be an even greater force
in the marketrdquo Mr Rana Talwar Chairman Centurion Bank of Punjab stated
ldquoOver the last few years Centurion Bank of Punjab has set benchmarks for growth
The bank today has a large nationwide network an extremely valuable franchise
7500
talented employees and strong leadership positions in the market place I believe
that the merger with HDFC Bank will create a world class bank in quality and
scale and will set the stage to compete with banks both locally as well on a global
levelrdquo
Mr Shailendra Bhandari Managing Director and CEO Centurion Bank of Punjab
said ldquoWe are extremely pleased to receive the go ahead from our board to pursue
this opportunity A merger between the banks provides significant synergies to the
combined entity The proposed merger would further improve the franchise and
customer proposition offered by the individual banksrdquo
QUALITY POLICY
SECURITY The bank provides long term financial security to their policy The
bank does this by offering life insurance and pension products
28
TRUST The bank appreciates the trust placed by their policy holders in the bank
Hence it will aim to manage their investments very carefully and live up to this
trust
INNOVATION Recognizing the different needs of our customers the bank offers
a range of innovative products to meet these needs
INTEGRITY CUSTOMER CENTRIC PEOPLE CARE ldquoONE FOR ALL AND
ALL FOR ONErdquo TEAM WORK JOY AND SIMPLICITY
RESEARCH OBJECTIVES AND SCOPE OF RESEARCH PROJECT
PROBLEM DEFINATION
Personal Banker were with good background human being and through rigorous
process of recruitment but still not able to perform up to the expectation level of
company HR is not able to sort out the problem why the performance is not
coming even after giving the full marketing and operational support The
communication technique and dealing with the customers is also a problem to the
personal banker
OBJECTIVES OF RESEARCH PROJECT
PRIMARY OBJECTIVES
To acquire new customer by convincing them and to promote the benefits of
those which are provided by the bank
29
To find the different way of convincing customers
To study brand image of the bank
To increase the business of the bank
SECONDARY OBJECTIVES
To determine the need and purpose of a personal banker
To understand the deciding criteria for people to become a personal banker
To offer suggestions based upon the findings
PRODUCT SCOPE
Studying the increasing business scope of the bank Market segmentation to find
the potential customers for the bank To study how the various products are
positioned in the market Corporate marketing of products Customers‟ perception
on the various products of the bank
RESEARCH METHODOLOGY AND LIMITATIONS
All the findings and conclusions obtained are based on the survey done in the
working area within the time limit I tried to select the sample representative of the
whole group during my summer training I have collected data from people linked
with different professional at Gorakhpur
30
RESEARCH PLAN
PRELIMINARY INVESTIGATION
In which data on the situation surrounding the problems shall be gathered to
arrive at
The correct definition of the problem An understanding of its environment
EXPLORATORY STUDY
To determine the approximate area where the problem lies
RESEARCH DESIGN
Research was initiated by examining the secondary data to gain insight into the
problem By analyzing the secondary data the study aim is to explore the short
comings of the present system and primary data will help to validate the analysis of
secondary data besides on unrevealing the areas which calls for improvement
DEVELOPING THE RESEARCH PLAN
The data for this research project has been collected through self Administration
Due to time limitation and other constraints direct personal interview method is
31
used A structured questionnaire was framed as it is less time consuming generates
specific and to the point
information easier to tabulate and interpret Moreover respondents prefer to give
direct answers In questionnaires open ended and closed ended both the types of
questions has been used
COLLECTION OF DATA
1 SECONDARY DATA It was collected from internal sources The secondary
data was collected on the basis of organizational file official records news papers
magazines management books preserved information in the company‟s database
and website of the company
2 PRIMARY DATA All the people from different profession were personally
visited and interviewed They were the main source of Primary data The method
of collection of primary data was direct personal interview through a structured
questionnaire
SAMPLING PLAN Since it is not possible to study whole universe it becomes
necessary to take sample from the universe to know about its characteristics
Sampling Units Different professionals Chartered Accountants Tax
Consultants Lawyers Business Man Professionals and House Wives of
Gorakhpur
Sample Technique Random Sampling
32
Research Instrument Structured Questionnaire
Contact Method Personal Interview
SAMPLE SIZE My sample size for this project was 50 respondents Since it was
not possible to cover the whole universe in the available time period it was
necessary for me to take a sample size of 50 respondents
DATA COLLECTION INSTRUMENT DEVELOPMENT The mode of
collection of data will be based on Survey Method and Field Activity Primary data
collection will base on personal interview I have prepared the questionnaire
according to the necessity of the data to be collected
RESEARCH LIMITATIONS
It was not possible to understand thoroughly about the different marketing aspects
of the Financial Consultant within 60 days As stipend money was not given it was
difficult to continue the project work All the work was limited in some limited
areas of Gorakhpur so the findings should not be generalized The area of research
was Gorakhpur and it was too vast an area to cover within 60 days
DATA ANALYSIS INTERPRETATION AND PRESENTATION
Q1Your Age
33
Ans
1 18-23 Years 10 Person
2 24-29 Years 20 Person
3 30-35 Years 10 Person
4 35 Years and above 10 Person
Base 50 respondents
Interpretation From above response it can be seen that
20 respondent‟s age are 18 to 23 years
35 respondent‟s age are 24 to 29 years
30 respondent‟s age are 30 to 35 years
15 respondent‟s age are 35 to above years
Q2 Marital Status
bull Married bull Single
No of Children __________
Ans
Married 32 Person
Single 18 Person
No of Children Nil
Interpretation From above response it can be seen that
70 respondents are married
30 respondents are unmarried
Q3 Educational Qualification
34
Undergraduate
Graduate
Postgraduate
9Ans
Undergraduate 10 Person
Graduate 22 Person
Postgraduate 18 Person
Interpretation From above response it can be seen that
25 respondents are Under graduate
40 respondents are Graduate
35 respondents are Post graduate
Q4 Number Of year‟s Are You in Gorakhpur
Less than five year‟s
More than five year‟s
Ans
Less than five year‟s 17 Person
More than five year‟s 33 Person
Interpretation From above response it can be seen
that
39 respondents are in Gorakhpur for less than five years
61 respondents are in Gorakhpur for more than five years
Q5 Your Occupation
Business
35
Profession
Service
Ans
Business 13 Person
Profession 17 Person
Service 20 Person
Interpretation From above response it can be seen that
20 respondents Occupation is Business
26 respondents Occupation is Profession
54 respondents Occupation is Service
Q6 Your annual household income
Less than 2 lacs
Between 2 to 5 lacs
Between 5to 8 lacs
More than 8 lacs
Ans
Less than 2 lacs 32 Person
Between 2 to 5 lacs 13 Person
Between 5to 8 lacs 3 Person
More than 8 lacs 2 Person
Interpretation From above response it can be seen that
49 respondent‟s annual household income is less than 2 lacs
31 respondent‟s annual household income is between 2 to 5 lacs
15 respondent‟s annual household income is between 5 to 8 lacs
36
5 respondent‟s annual household income is more than 8 lacs
Q7 What is your perception about different productsservices provided by HDFC
bank
Lucrative
Not lucrative
No idea
Ans
Lucrative 12 Person
Not lucrative 33 Person
No idea 5 Person
Interpretation From above response it can be seen that
25 respondent‟s perception about different products is lucrative
60 respondent‟s perception about
different products is not lucrative
15 respondent‟s have no idea
Q8 Do you want to open an account with HDFC bank
Yes
No
Will tell later
Ans
Yes 8 Person
No 5 Person
Will tell later 37 Person
37
Interpretation From above response it can be seen that
80 respondents are not interested to open an account with the bank
5 respondents are interested to open an account with the bank
15 of the respondents say that they will tell later
Q9 Do you have all the documents which are required to open an account
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
60 respondents have all the documents which are required to open an
account with the bank
25 respondents do not have all the documents which are required to open
an account with the bank
Q10 Are you aware that the bank provides you free phone banking amp net banking
services If you open a new savings account with HDFC bank
Yes
No
Ans
Yes 32 Person
No 18 Person
Interpretation From above response it can be seen that
38
20 respondents are aware of it
40 respondents are not aware of it
Q11Are you aware of different terms and conditions which are very much
essential to maintain an account at HDFC Bank
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
12 respondents are familiar with different terms and conditions which are
very much essential to maintain account with the bank
88 respondents have no idea about it
Q13 Do you know about HDFC Bank‟s recruitment policies related to personal
banker
Yes
No
Ans
Yes 38 Person
No 12 Person
Interpretation From above response it can be seen that
41 respondents are known about HDFC Bank‟s recruitment policies
related to personal banker
39
59 respondents are not known about HDFC Bank‟s recruitment policies
related to personal banker
CONCLUSIONS
HDFC Bank the banking arm of HDFC is expected to go on stream The bank
already has good number of employees on board and is recruiting personal banker
heavily to take the headcount to many more It is on the brim of increasing its
customers through its attractive schemes and offer
The project opportunities provided was market segmentation and identifying
prospective customers in potential geographical location and convincing them to
attract more customers so that new business opportunities of the bank can be
explored Through this project it could be concluded that people are not much
aware about the various products of the bank and many of them not interested to
open an account to invest money at all services was considered as unsought good
which require hard core selling but in changing trend in income and people
becoming financially literate the demand for banking sector is increasing day by
day
So at last the conclusion is that there is tough competition ahead for the company
from its major competitors in the banking sector Last but not the least I would like
to thank HDFC Bank for giving me an opportunity to work in the field of
Marketing and Operation I hope the company finds my analysis relevant
40
BIBLIOGRAPHY
1 WEBSITES
wwwhdfcbankcom wwwgooglecom
7
IMPORTANCE TO THE COMPANY
The ultimate purpose of giving me this topic was to know about the customer‟s
perceptions about the different products of the bank and to know about operational
process how these products can attract them and how the company can generate
maximum profit by convincing them through personal banker and to better
understand customer requirement and to understand operational methodology
LEARNING FROM THE STUDY
The process of bank related transaction bank related various terms work
environment of HDFC Bank Different products and services provided by the bank
Customers‟ perception about the different products The brand image of the bank
What are the problems faced by customer on daily basis How to communicate
with the customers Different techniques of dealing with the customers How to
convince and convert a customer into a real customer and at the last how to better
response to the customer problem
ORGANIZATION PROFILE
COMPANY HISTORY The Housing Development Finance Corporation
Limited (HDFC) was amongst the first to receive an in principle approval from
the Reserve Bank of India (RBI) to set up a bank in the private sector as part of the
RBIs liberalization of the Indian Banking Industry in 1994 The bank was
incorporated in August 1994 in the name of HDFC Bank Limited with its
8
registered office in Mumbai India HDFC Bank commenced operations as a
Scheduled Commercial Bank in January 1995
PROMOTER
HDFC is Indias premier housing finance company and enjoys an impeccable track
record in India as well as in international markets Since its inception in 1977 the
Corporation has maintained a consistent and healthy growth in its operations to
remain the market leader in mortgages Its outstanding loan portfolio covers well
over a million dwelling units HDFC has developed significant expertise in retail
mortgage loans to different market segments and also has a large corporate client
base for its housing related credit facilities With its experience in the financial
9
markets a strong market reputation large shareholder base and unique consumer
franchise HDFC was ideally positioned to promote a bank in the Indian
environment
BUSINESS FOCUS
HDFC Banks mission is to be a World-Class Indian Bank The objective is to
build sound customer franchises across distinct businesses so as to be the preferred
provider of banking services for target retail and wholesale customer segments
and to achieve healthy growth in profitability consistent with the banks risk
appetite The bank is committed to maintain the highest level of ethical standards
professional integrity corporate governance and regulatory compliance HDFC
Banks business philosophy is based on four core values - Operational
Excellence Customer Focus Product Leadership and People
CAPITAL STRUCTURE
The authorized capital of HDFC Bank is Rs550 crore (Rs55 billion) The paid-up
capital is Rs4246 crore (Rs42 billion) The HDFC Group holds 194 of the
banks equity and about 176 of the equity is held by the ADS Depository (in
respect of the banks American Depository Shares (ADS) Issue) Roughly 28 of
the equity is held by Foreign Institutional Investors (FIIs) and the bank has about
570000 shareholders The shares are listed on the Stock Exchange Mumbai and
the National Stock Exchange The banks American Depository Shares are listed on
the New York Stock Exchange (NYSE) under the symbol HDB
10
DISTRIBUTION NETWORK
HDFC Bank headquartered is in Mumbai The Bank at present has an enviable
network of over 1229 branches spread over 444 cities across India All branches
are linked on an online real-time basis Customers in over 120 locations are also
serviced through Telephone Banking The Banks expansion plans take into
account the need to have a presence in all major industrial and commercial centers
where its corporate customers are located as well as the need to build a strong retail
customer base for both deposits and loan products Being a clearingsettlement
bank to various leading stock exchanges the Bank has branches in the centers
where the NSEBSE has a strong and active member base The Bank also has a
network of about over 2526 networked ATMs across these cities Moreover
HDFC Banks ATM network can be accessed by all domestic and international
VisaMasterCard Visa ElectronMaestro PlusCirrus and American Express
CreditCharge cardholders
STRONG NATIONAL NETWORK
11
WORK PLACE TRANSFORMATION
FIVE ldquoSrdquo PART OF KAIZEN
Focus on effective work place organization
believe in
ldquoSmall changes lead to large improvementrdquo
Every successful organization have their own strategy to win the race in the
competitive market They use some technique and methodology for smooth
running of business HDFC BANK also acquired the Japanese technique for
smooth running of work and effective work place organization
Five bdquoS‟ Part of Kaizen is the technique which is used in the bank for easy and
systematic work place and eliminating unnecessary things from the work place
BENEFIT OF FIVE ldquoSrdquo
It can be started immediately
Every one has to participate
Five ldquoSrdquo is an entirely people driven initiatives
Brings in concept of ownership
All wastage are made visible
12
FIVE bdquoS‟
S-1 SORT SEIRI
S-2 SYSTEMATIZE SEITON
S-3 SPIC-N-SPAN SEIRO
S-4 STANDARDIZE SEIKETSU
S-5 SUSTAIN SHITSUKE
1 SORT
It focus on eliminating unnecessary items from the work place It is excellent way
to free up valuable floor space It segregate items as per ldquorequire and wantedrdquo
2 SYSTEMATIZE
Systematize is focus on efficient and effective Storage method That means it
identify organize and arrange retrieval It largely focus on good labeling and
identification practices
Objective ldquoA place for everything and everything in its placerdquo
3 SPIC- n - SPAN
13
Spic-n-Span focuses on regular clearing and self inspection It brings in the sense
of ownership
4 STANDERDIZE
It focuses on simplification and standardization It involves standard rules and
policies It establish checklist to facilitate autonomous maintenance of workplace
It assigns responsibility for doing various jobs and decides on Five S frequency
5 SUSTAIN
It focuses on defining a new status and standard of organized work place Sustain
means regular training to maintain standards developed under S-4 It brings in self-
discipline and commitment towards workplace organization
COLOR CODING
In the HDFC BANK each department has their different color coding apply on the
different file Due to this everyone aware about their particular color file which is
coding on it and they save their valuable time It is a part of Kaizen and also
included in the system of the Five bdquoS‟ Logic behind it that the color coding are
always differentiate the things from the similar one
14
HUMAN
RESOURCES
The Bank‟s staffing
needs continued to
increase during the
year particularly in
the retail banking
businesses in line
with the business growth Total number of employees increased from 14878 as of
March31 2006 to 21477 as of March 31 2008The Bank continues to focus on
training its employees on a continuing basis both on the job and through training
programs conducted by internal and external faculty
The Bank has consistently believed that broader employee ownership of its shares
has a positive impact on its performance and employee motivation The Bank‟s
employee stock option scheme so far covers around 9000 employees
DEPARTMENT
Welcome Desk
Personal Banker
Teller
Relationship Manager
Branch Manager
Demat
Others
15
MANAGEMENT
Mr Jagdish Capoor took over as the banks Chairman in July 2001 Prior to this
Mr Capoor was a Deputy Governor of the Reserve Bank of India The Managing
Director Mr Aditya Puri has been a professional banker for over 25 years and
before joining HDFC Bank in 1994 was heading Citibanks operations in Malaysia
The Banks Board of Directors is composed of eminent individuals with a wealth of
experience in public policy administration industry and commercial banking
Senior executives representing HDFC are also on the Board Senior banking
professionals with substantial experience in India and abroad head various
businesses and functions and report to the Managing Director Given the
professional expertise of the management team and the overall focus on recruiting
and retaining the best talent in the industry the bank believes that its people are a
significant competitive strength
TECHNOLOGY
HDFC Bank operates in a highly automated environment in terms of information
technology and communication systems All the banks branches have online
connectivity which enables the bank to offer speedy funds transfer facilities to its
customers Multi-branch access is also provided to retail customers through the
branch network and Automated Teller Machines (ATMs) The Bank has made
substantial efforts and investments in acquiring the best technology available
internationally to build the infrastructure for a world class bank The Banks
business is supported by scalable and robust systems which ensure that our clients
16
always get the finest services we offer The Bank has prioritized its engagement in
technology and the internet as one of its key goals and has already made significant
progress in web-enabling its core businesses In
each of its businesses the Bank has succeeded in leveraging its market position
expertise and technology to create a competitive advantage and build market share
HDFC BANK business strategy emphasizes the following
Increase market share in India‟s expanding banking and financial services
industry by following a disciplined growth strategy focusing on quality and not
on quantity and delivering high quality customer service Leverage our technology
platform and open scaleable systems to deliver more products to more customers
and to control operating costs Maintain current high standards for asset quality
through disciplined credit risk managementDevelope innovative products and
services that attract the targeted customers and address inefficiencies in the
Indian financial sector Continue to develop products and services that reduce
bank‟s cost of funds Focus on high earnings growth with low volatility
PRODUCT SCOPE
HDFC Bank offers a bunch of products and services to meet the every need of the
people The company cares for both individuals as well as corporate and small and
medium enterprises For individuals the company has a range accounts
investment and pension scheme different types of loans and cards that assist the
17
customers The customers can choose the suitable one from a range of products
which will suit their life-stage and needs For organizations the company has a host
of customized solutions that range from funded services Non-funded services
Value addition services Mutual fund etc These affordable plans apart from
providing long term value to the employees help in enhancing goodwill of the
company The products of the company are categorized into various sections which
are as follows
Accounts and deposits
Loans
Investments and Insurance
Forex and payment services
Cards
Customer center
PRODUCTS AND SERVICES AT A GLANCE
1 PERSONAL BANKING SERVICES
A Accounts amp Deposits
Savings Account
Regular Savings Account
Savings Plus Account
Savings Max Account
18
Senior Citizens Account
No Frills Account
Institutional Savings Account
Payroll Salary Account
Classic Salary Account
Regular Salary Account
Premium Salary Account
Defence Salary Account
Kids Advantage Account
Pension Saving Bank Account
Family Savings Account
Kisan No Frills Savings Account
Kisan Club Savings Account
Current Account
Plus Current Account
Trade Current Account
Premium Current Account
Regular Current Account
Apex Current Account
Max Current Account
Reimbursement Current Account
Fixed Deposit
Regular Fixed Deposit
Super Saver Account
Sweep-in Account
19
Recurring Deposit
Demat Account
Safe Deposit Locker
B Loans
Personal Loans
Home Loans
Two Wheeler Loans
New Car Loans
Used Car Loans
Overdraft against Car
Express Loans
Loan against Securities
Loan against Property
Commercial Vehicle Finance
Working Capital Finance
Construction Equipment Finance
C Investments amp Insurance
Mutual Funds
Insurance
Bonds
Financial Planning
Knowledge Centre
Equities amp Derivatives
20
Mudra Gold Bar
D Forex Services
Trade Finance
Traveler‟s Cheques
Foreign Currency Cash
Foreign Currency Drafts
Foreign Currency Cheque Deposits
Foreign Currency Remittances
Forex Plus Card
E Payment Services
Net Safe
Prepaid Refill
Bill Pay
Direct Pay
Visa Money Transfer
E-Monies Electronic Funds Transfer
Excise amp Service Tax Payment
F Access Your Bank - One View
Insta Alerts
Mobile Banking
ATM
Phone Banking
21
Branch Network
G Cards
Silver Credit Card
Gold Credit Card
Womans Gold Credit Card
Platinum plus Credit Card
Titanium Credit Card
Value plus Credit Card
Health plus Credit Card
HDFC Bank Idea Silver Card
HDFC Bank Idea Gold Card
2 WHOLESALE BANKING SERVICES
Funded Services
Non Funded Services
Value Added Services
Internet Banking
Clearing Sub-Membership
RTGS ndash sub membership
Fund Transfer
ATM Tie-ups
Corporate Salary ac
Tax Collection
Financial Institutions
22
Mutual Funds
Stock Brokers
Insurance Companies
Commodities Business
Trusts
3 NRI BANKING SERVICES
Rupee Saving ac
Rupee Current ac
Rupee Fixed Deposits
Foreign Currency Deposits
Accounts for Returning Indians
Payment Services
Net Safe
Bill Pay
Insta Pay
Direct Pay
Visa Money
Online Donation
Remittances
MILESTONES IN THE HISTORY
23
HDFC Bank began its operations in 1995 with a simple mission to be a World-
class Indian Bank They realized that only a single-minded focus on product
quality and service excellence would help us get there Today they are proud to
say that they are well on our way towards that goal It is extremely gratifying that
their efforts towards providing customer convenience have been appreciated both
nationally and internationally
2009
Asia Money 2009 Awards Best Domestic Bank in India
IBA Banking Technology
Awards 2009
Best IT Governance Award - Runner up
Global Finance Award Best Trade Finance Bank in India for 2009
IDRBT Banking Technology
Excellence Award 2008
Best IT Governance and Value Delivery
Asian Banker Excellence in
Retail Financial Services
Asian Banker Best Retail Bank in India
Award 2009
24
2008
Finance Asia Country Awards
for Achievement 2008
Best Bank and Best Cash Management
Bank
CNN-IBN Indian of the Year (Business)
Nasscom IT User Award 2008 Best IT Adoption in the Banking Sector
Business India Best Bank 2008
Forbes Asia Fab 50 companies in Asia Pacific
Asian Banker Excellence in
Retail Financial Services
Best Retail Bank 2008
Asiamoney Best local Cash Management Bank Award voted
by Corporates
Microsoft amp Indian Express
Group
Security Strategist Award 2008
World Trade Center Award of
honour
For outstanding contribution to international
trade services
Business Today-Monitor
Group survey
One of Indias Most Innovative Companies
Financial Express-Ernst amp
Young Award
Best Bank Award in the Private Sector
category
Global HR Excellence Awards Employer Brand of the Year 2007 -2008
25
- Asia Pacific HRM Congress Award - First Runner up amp many more
Business Today Best Bank Award
2007
Dun amp Bradstreet ndash American
Express Corporate Best Bank
Award 2007
Corporate Best Bank Award
The Bombay Stock Exchange
and Nasscom Foundations
Business for Social
Responsibility Awards 2007
Best Corporate Social Responsibility
Practice Award
Outlook Money amp NDTV
Profit
Best Bank Award in the Private sector
category
The Asian Banker Excellence
in Retail Financial Services
Awards
Best Retail Bank in India
Asian Banker Our Managing Director Aditya Puri wins the
Leadership Achievement Award for India
26
MERGER
HDFC Bank and Centurion Bank of Punjab merger at share swap ratio of 129 The
Boards of HDFC Bank and Centurion Bank of Punjab met on 25 February 2008
and approved subject to due diligence the share swap ratio for the proposed
merger of Centurion Bank of Punjab with HDFC Bank The Scheme of
Amalgamation envisages a share exchange ratio of one share of HDFC Bank for
twenty nine shares of Centurion Bank of Punjab The combined entity would have
a nationwide network of 1148 branches (the largest amongst private sector Banks)
a strong deposit base of around Rs 1200 billion and net advances of around Rs
850billion The balance sheet size of the combined entity would be over Rs 1500
billion Commenting on the proposed merger Mr Deepak Parekh Chairman
HDFC said ldquoWe were amongst the first to get a banking license the first to do a
merger in the private sector with Times Bank in 1999 and now if this deal
happens it would be the largest merger in the private sector banking space in
India HDFC Bank was looking for an appropriate merger opportunity that would
add scale geography and experienced staff to its franchise This opportunity arose
and we thought it is an attractive route to supplement HDFC Bank‟s organic
growth We believe that Centurion Bank of Punjab would be the right fit in terms
of culture strategic intent and approach to businessrdquo Mr Aditya Puri Managing
Director HDFC Bank said ldquoThese are exciting times for the Indian banking
industry The proposed merger will position the combined entity to significantly
exploit opportunities in a market globally recognized as one of the fastest growing
27
I‟m particularly bullish about the potential of business synergies and cultural fit
between the two organizations The combined entity will be an even greater force
in the marketrdquo Mr Rana Talwar Chairman Centurion Bank of Punjab stated
ldquoOver the last few years Centurion Bank of Punjab has set benchmarks for growth
The bank today has a large nationwide network an extremely valuable franchise
7500
talented employees and strong leadership positions in the market place I believe
that the merger with HDFC Bank will create a world class bank in quality and
scale and will set the stage to compete with banks both locally as well on a global
levelrdquo
Mr Shailendra Bhandari Managing Director and CEO Centurion Bank of Punjab
said ldquoWe are extremely pleased to receive the go ahead from our board to pursue
this opportunity A merger between the banks provides significant synergies to the
combined entity The proposed merger would further improve the franchise and
customer proposition offered by the individual banksrdquo
QUALITY POLICY
SECURITY The bank provides long term financial security to their policy The
bank does this by offering life insurance and pension products
28
TRUST The bank appreciates the trust placed by their policy holders in the bank
Hence it will aim to manage their investments very carefully and live up to this
trust
INNOVATION Recognizing the different needs of our customers the bank offers
a range of innovative products to meet these needs
INTEGRITY CUSTOMER CENTRIC PEOPLE CARE ldquoONE FOR ALL AND
ALL FOR ONErdquo TEAM WORK JOY AND SIMPLICITY
RESEARCH OBJECTIVES AND SCOPE OF RESEARCH PROJECT
PROBLEM DEFINATION
Personal Banker were with good background human being and through rigorous
process of recruitment but still not able to perform up to the expectation level of
company HR is not able to sort out the problem why the performance is not
coming even after giving the full marketing and operational support The
communication technique and dealing with the customers is also a problem to the
personal banker
OBJECTIVES OF RESEARCH PROJECT
PRIMARY OBJECTIVES
To acquire new customer by convincing them and to promote the benefits of
those which are provided by the bank
29
To find the different way of convincing customers
To study brand image of the bank
To increase the business of the bank
SECONDARY OBJECTIVES
To determine the need and purpose of a personal banker
To understand the deciding criteria for people to become a personal banker
To offer suggestions based upon the findings
PRODUCT SCOPE
Studying the increasing business scope of the bank Market segmentation to find
the potential customers for the bank To study how the various products are
positioned in the market Corporate marketing of products Customers‟ perception
on the various products of the bank
RESEARCH METHODOLOGY AND LIMITATIONS
All the findings and conclusions obtained are based on the survey done in the
working area within the time limit I tried to select the sample representative of the
whole group during my summer training I have collected data from people linked
with different professional at Gorakhpur
30
RESEARCH PLAN
PRELIMINARY INVESTIGATION
In which data on the situation surrounding the problems shall be gathered to
arrive at
The correct definition of the problem An understanding of its environment
EXPLORATORY STUDY
To determine the approximate area where the problem lies
RESEARCH DESIGN
Research was initiated by examining the secondary data to gain insight into the
problem By analyzing the secondary data the study aim is to explore the short
comings of the present system and primary data will help to validate the analysis of
secondary data besides on unrevealing the areas which calls for improvement
DEVELOPING THE RESEARCH PLAN
The data for this research project has been collected through self Administration
Due to time limitation and other constraints direct personal interview method is
31
used A structured questionnaire was framed as it is less time consuming generates
specific and to the point
information easier to tabulate and interpret Moreover respondents prefer to give
direct answers In questionnaires open ended and closed ended both the types of
questions has been used
COLLECTION OF DATA
1 SECONDARY DATA It was collected from internal sources The secondary
data was collected on the basis of organizational file official records news papers
magazines management books preserved information in the company‟s database
and website of the company
2 PRIMARY DATA All the people from different profession were personally
visited and interviewed They were the main source of Primary data The method
of collection of primary data was direct personal interview through a structured
questionnaire
SAMPLING PLAN Since it is not possible to study whole universe it becomes
necessary to take sample from the universe to know about its characteristics
Sampling Units Different professionals Chartered Accountants Tax
Consultants Lawyers Business Man Professionals and House Wives of
Gorakhpur
Sample Technique Random Sampling
32
Research Instrument Structured Questionnaire
Contact Method Personal Interview
SAMPLE SIZE My sample size for this project was 50 respondents Since it was
not possible to cover the whole universe in the available time period it was
necessary for me to take a sample size of 50 respondents
DATA COLLECTION INSTRUMENT DEVELOPMENT The mode of
collection of data will be based on Survey Method and Field Activity Primary data
collection will base on personal interview I have prepared the questionnaire
according to the necessity of the data to be collected
RESEARCH LIMITATIONS
It was not possible to understand thoroughly about the different marketing aspects
of the Financial Consultant within 60 days As stipend money was not given it was
difficult to continue the project work All the work was limited in some limited
areas of Gorakhpur so the findings should not be generalized The area of research
was Gorakhpur and it was too vast an area to cover within 60 days
DATA ANALYSIS INTERPRETATION AND PRESENTATION
Q1Your Age
33
Ans
1 18-23 Years 10 Person
2 24-29 Years 20 Person
3 30-35 Years 10 Person
4 35 Years and above 10 Person
Base 50 respondents
Interpretation From above response it can be seen that
20 respondent‟s age are 18 to 23 years
35 respondent‟s age are 24 to 29 years
30 respondent‟s age are 30 to 35 years
15 respondent‟s age are 35 to above years
Q2 Marital Status
bull Married bull Single
No of Children __________
Ans
Married 32 Person
Single 18 Person
No of Children Nil
Interpretation From above response it can be seen that
70 respondents are married
30 respondents are unmarried
Q3 Educational Qualification
34
Undergraduate
Graduate
Postgraduate
9Ans
Undergraduate 10 Person
Graduate 22 Person
Postgraduate 18 Person
Interpretation From above response it can be seen that
25 respondents are Under graduate
40 respondents are Graduate
35 respondents are Post graduate
Q4 Number Of year‟s Are You in Gorakhpur
Less than five year‟s
More than five year‟s
Ans
Less than five year‟s 17 Person
More than five year‟s 33 Person
Interpretation From above response it can be seen
that
39 respondents are in Gorakhpur for less than five years
61 respondents are in Gorakhpur for more than five years
Q5 Your Occupation
Business
35
Profession
Service
Ans
Business 13 Person
Profession 17 Person
Service 20 Person
Interpretation From above response it can be seen that
20 respondents Occupation is Business
26 respondents Occupation is Profession
54 respondents Occupation is Service
Q6 Your annual household income
Less than 2 lacs
Between 2 to 5 lacs
Between 5to 8 lacs
More than 8 lacs
Ans
Less than 2 lacs 32 Person
Between 2 to 5 lacs 13 Person
Between 5to 8 lacs 3 Person
More than 8 lacs 2 Person
Interpretation From above response it can be seen that
49 respondent‟s annual household income is less than 2 lacs
31 respondent‟s annual household income is between 2 to 5 lacs
15 respondent‟s annual household income is between 5 to 8 lacs
36
5 respondent‟s annual household income is more than 8 lacs
Q7 What is your perception about different productsservices provided by HDFC
bank
Lucrative
Not lucrative
No idea
Ans
Lucrative 12 Person
Not lucrative 33 Person
No idea 5 Person
Interpretation From above response it can be seen that
25 respondent‟s perception about different products is lucrative
60 respondent‟s perception about
different products is not lucrative
15 respondent‟s have no idea
Q8 Do you want to open an account with HDFC bank
Yes
No
Will tell later
Ans
Yes 8 Person
No 5 Person
Will tell later 37 Person
37
Interpretation From above response it can be seen that
80 respondents are not interested to open an account with the bank
5 respondents are interested to open an account with the bank
15 of the respondents say that they will tell later
Q9 Do you have all the documents which are required to open an account
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
60 respondents have all the documents which are required to open an
account with the bank
25 respondents do not have all the documents which are required to open
an account with the bank
Q10 Are you aware that the bank provides you free phone banking amp net banking
services If you open a new savings account with HDFC bank
Yes
No
Ans
Yes 32 Person
No 18 Person
Interpretation From above response it can be seen that
38
20 respondents are aware of it
40 respondents are not aware of it
Q11Are you aware of different terms and conditions which are very much
essential to maintain an account at HDFC Bank
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
12 respondents are familiar with different terms and conditions which are
very much essential to maintain account with the bank
88 respondents have no idea about it
Q13 Do you know about HDFC Bank‟s recruitment policies related to personal
banker
Yes
No
Ans
Yes 38 Person
No 12 Person
Interpretation From above response it can be seen that
41 respondents are known about HDFC Bank‟s recruitment policies
related to personal banker
39
59 respondents are not known about HDFC Bank‟s recruitment policies
related to personal banker
CONCLUSIONS
HDFC Bank the banking arm of HDFC is expected to go on stream The bank
already has good number of employees on board and is recruiting personal banker
heavily to take the headcount to many more It is on the brim of increasing its
customers through its attractive schemes and offer
The project opportunities provided was market segmentation and identifying
prospective customers in potential geographical location and convincing them to
attract more customers so that new business opportunities of the bank can be
explored Through this project it could be concluded that people are not much
aware about the various products of the bank and many of them not interested to
open an account to invest money at all services was considered as unsought good
which require hard core selling but in changing trend in income and people
becoming financially literate the demand for banking sector is increasing day by
day
So at last the conclusion is that there is tough competition ahead for the company
from its major competitors in the banking sector Last but not the least I would like
to thank HDFC Bank for giving me an opportunity to work in the field of
Marketing and Operation I hope the company finds my analysis relevant
40
BIBLIOGRAPHY
1 WEBSITES
wwwhdfcbankcom wwwgooglecom
8
registered office in Mumbai India HDFC Bank commenced operations as a
Scheduled Commercial Bank in January 1995
PROMOTER
HDFC is Indias premier housing finance company and enjoys an impeccable track
record in India as well as in international markets Since its inception in 1977 the
Corporation has maintained a consistent and healthy growth in its operations to
remain the market leader in mortgages Its outstanding loan portfolio covers well
over a million dwelling units HDFC has developed significant expertise in retail
mortgage loans to different market segments and also has a large corporate client
base for its housing related credit facilities With its experience in the financial
9
markets a strong market reputation large shareholder base and unique consumer
franchise HDFC was ideally positioned to promote a bank in the Indian
environment
BUSINESS FOCUS
HDFC Banks mission is to be a World-Class Indian Bank The objective is to
build sound customer franchises across distinct businesses so as to be the preferred
provider of banking services for target retail and wholesale customer segments
and to achieve healthy growth in profitability consistent with the banks risk
appetite The bank is committed to maintain the highest level of ethical standards
professional integrity corporate governance and regulatory compliance HDFC
Banks business philosophy is based on four core values - Operational
Excellence Customer Focus Product Leadership and People
CAPITAL STRUCTURE
The authorized capital of HDFC Bank is Rs550 crore (Rs55 billion) The paid-up
capital is Rs4246 crore (Rs42 billion) The HDFC Group holds 194 of the
banks equity and about 176 of the equity is held by the ADS Depository (in
respect of the banks American Depository Shares (ADS) Issue) Roughly 28 of
the equity is held by Foreign Institutional Investors (FIIs) and the bank has about
570000 shareholders The shares are listed on the Stock Exchange Mumbai and
the National Stock Exchange The banks American Depository Shares are listed on
the New York Stock Exchange (NYSE) under the symbol HDB
10
DISTRIBUTION NETWORK
HDFC Bank headquartered is in Mumbai The Bank at present has an enviable
network of over 1229 branches spread over 444 cities across India All branches
are linked on an online real-time basis Customers in over 120 locations are also
serviced through Telephone Banking The Banks expansion plans take into
account the need to have a presence in all major industrial and commercial centers
where its corporate customers are located as well as the need to build a strong retail
customer base for both deposits and loan products Being a clearingsettlement
bank to various leading stock exchanges the Bank has branches in the centers
where the NSEBSE has a strong and active member base The Bank also has a
network of about over 2526 networked ATMs across these cities Moreover
HDFC Banks ATM network can be accessed by all domestic and international
VisaMasterCard Visa ElectronMaestro PlusCirrus and American Express
CreditCharge cardholders
STRONG NATIONAL NETWORK
11
WORK PLACE TRANSFORMATION
FIVE ldquoSrdquo PART OF KAIZEN
Focus on effective work place organization
believe in
ldquoSmall changes lead to large improvementrdquo
Every successful organization have their own strategy to win the race in the
competitive market They use some technique and methodology for smooth
running of business HDFC BANK also acquired the Japanese technique for
smooth running of work and effective work place organization
Five bdquoS‟ Part of Kaizen is the technique which is used in the bank for easy and
systematic work place and eliminating unnecessary things from the work place
BENEFIT OF FIVE ldquoSrdquo
It can be started immediately
Every one has to participate
Five ldquoSrdquo is an entirely people driven initiatives
Brings in concept of ownership
All wastage are made visible
12
FIVE bdquoS‟
S-1 SORT SEIRI
S-2 SYSTEMATIZE SEITON
S-3 SPIC-N-SPAN SEIRO
S-4 STANDARDIZE SEIKETSU
S-5 SUSTAIN SHITSUKE
1 SORT
It focus on eliminating unnecessary items from the work place It is excellent way
to free up valuable floor space It segregate items as per ldquorequire and wantedrdquo
2 SYSTEMATIZE
Systematize is focus on efficient and effective Storage method That means it
identify organize and arrange retrieval It largely focus on good labeling and
identification practices
Objective ldquoA place for everything and everything in its placerdquo
3 SPIC- n - SPAN
13
Spic-n-Span focuses on regular clearing and self inspection It brings in the sense
of ownership
4 STANDERDIZE
It focuses on simplification and standardization It involves standard rules and
policies It establish checklist to facilitate autonomous maintenance of workplace
It assigns responsibility for doing various jobs and decides on Five S frequency
5 SUSTAIN
It focuses on defining a new status and standard of organized work place Sustain
means regular training to maintain standards developed under S-4 It brings in self-
discipline and commitment towards workplace organization
COLOR CODING
In the HDFC BANK each department has their different color coding apply on the
different file Due to this everyone aware about their particular color file which is
coding on it and they save their valuable time It is a part of Kaizen and also
included in the system of the Five bdquoS‟ Logic behind it that the color coding are
always differentiate the things from the similar one
14
HUMAN
RESOURCES
The Bank‟s staffing
needs continued to
increase during the
year particularly in
the retail banking
businesses in line
with the business growth Total number of employees increased from 14878 as of
March31 2006 to 21477 as of March 31 2008The Bank continues to focus on
training its employees on a continuing basis both on the job and through training
programs conducted by internal and external faculty
The Bank has consistently believed that broader employee ownership of its shares
has a positive impact on its performance and employee motivation The Bank‟s
employee stock option scheme so far covers around 9000 employees
DEPARTMENT
Welcome Desk
Personal Banker
Teller
Relationship Manager
Branch Manager
Demat
Others
15
MANAGEMENT
Mr Jagdish Capoor took over as the banks Chairman in July 2001 Prior to this
Mr Capoor was a Deputy Governor of the Reserve Bank of India The Managing
Director Mr Aditya Puri has been a professional banker for over 25 years and
before joining HDFC Bank in 1994 was heading Citibanks operations in Malaysia
The Banks Board of Directors is composed of eminent individuals with a wealth of
experience in public policy administration industry and commercial banking
Senior executives representing HDFC are also on the Board Senior banking
professionals with substantial experience in India and abroad head various
businesses and functions and report to the Managing Director Given the
professional expertise of the management team and the overall focus on recruiting
and retaining the best talent in the industry the bank believes that its people are a
significant competitive strength
TECHNOLOGY
HDFC Bank operates in a highly automated environment in terms of information
technology and communication systems All the banks branches have online
connectivity which enables the bank to offer speedy funds transfer facilities to its
customers Multi-branch access is also provided to retail customers through the
branch network and Automated Teller Machines (ATMs) The Bank has made
substantial efforts and investments in acquiring the best technology available
internationally to build the infrastructure for a world class bank The Banks
business is supported by scalable and robust systems which ensure that our clients
16
always get the finest services we offer The Bank has prioritized its engagement in
technology and the internet as one of its key goals and has already made significant
progress in web-enabling its core businesses In
each of its businesses the Bank has succeeded in leveraging its market position
expertise and technology to create a competitive advantage and build market share
HDFC BANK business strategy emphasizes the following
Increase market share in India‟s expanding banking and financial services
industry by following a disciplined growth strategy focusing on quality and not
on quantity and delivering high quality customer service Leverage our technology
platform and open scaleable systems to deliver more products to more customers
and to control operating costs Maintain current high standards for asset quality
through disciplined credit risk managementDevelope innovative products and
services that attract the targeted customers and address inefficiencies in the
Indian financial sector Continue to develop products and services that reduce
bank‟s cost of funds Focus on high earnings growth with low volatility
PRODUCT SCOPE
HDFC Bank offers a bunch of products and services to meet the every need of the
people The company cares for both individuals as well as corporate and small and
medium enterprises For individuals the company has a range accounts
investment and pension scheme different types of loans and cards that assist the
17
customers The customers can choose the suitable one from a range of products
which will suit their life-stage and needs For organizations the company has a host
of customized solutions that range from funded services Non-funded services
Value addition services Mutual fund etc These affordable plans apart from
providing long term value to the employees help in enhancing goodwill of the
company The products of the company are categorized into various sections which
are as follows
Accounts and deposits
Loans
Investments and Insurance
Forex and payment services
Cards
Customer center
PRODUCTS AND SERVICES AT A GLANCE
1 PERSONAL BANKING SERVICES
A Accounts amp Deposits
Savings Account
Regular Savings Account
Savings Plus Account
Savings Max Account
18
Senior Citizens Account
No Frills Account
Institutional Savings Account
Payroll Salary Account
Classic Salary Account
Regular Salary Account
Premium Salary Account
Defence Salary Account
Kids Advantage Account
Pension Saving Bank Account
Family Savings Account
Kisan No Frills Savings Account
Kisan Club Savings Account
Current Account
Plus Current Account
Trade Current Account
Premium Current Account
Regular Current Account
Apex Current Account
Max Current Account
Reimbursement Current Account
Fixed Deposit
Regular Fixed Deposit
Super Saver Account
Sweep-in Account
19
Recurring Deposit
Demat Account
Safe Deposit Locker
B Loans
Personal Loans
Home Loans
Two Wheeler Loans
New Car Loans
Used Car Loans
Overdraft against Car
Express Loans
Loan against Securities
Loan against Property
Commercial Vehicle Finance
Working Capital Finance
Construction Equipment Finance
C Investments amp Insurance
Mutual Funds
Insurance
Bonds
Financial Planning
Knowledge Centre
Equities amp Derivatives
20
Mudra Gold Bar
D Forex Services
Trade Finance
Traveler‟s Cheques
Foreign Currency Cash
Foreign Currency Drafts
Foreign Currency Cheque Deposits
Foreign Currency Remittances
Forex Plus Card
E Payment Services
Net Safe
Prepaid Refill
Bill Pay
Direct Pay
Visa Money Transfer
E-Monies Electronic Funds Transfer
Excise amp Service Tax Payment
F Access Your Bank - One View
Insta Alerts
Mobile Banking
ATM
Phone Banking
21
Branch Network
G Cards
Silver Credit Card
Gold Credit Card
Womans Gold Credit Card
Platinum plus Credit Card
Titanium Credit Card
Value plus Credit Card
Health plus Credit Card
HDFC Bank Idea Silver Card
HDFC Bank Idea Gold Card
2 WHOLESALE BANKING SERVICES
Funded Services
Non Funded Services
Value Added Services
Internet Banking
Clearing Sub-Membership
RTGS ndash sub membership
Fund Transfer
ATM Tie-ups
Corporate Salary ac
Tax Collection
Financial Institutions
22
Mutual Funds
Stock Brokers
Insurance Companies
Commodities Business
Trusts
3 NRI BANKING SERVICES
Rupee Saving ac
Rupee Current ac
Rupee Fixed Deposits
Foreign Currency Deposits
Accounts for Returning Indians
Payment Services
Net Safe
Bill Pay
Insta Pay
Direct Pay
Visa Money
Online Donation
Remittances
MILESTONES IN THE HISTORY
23
HDFC Bank began its operations in 1995 with a simple mission to be a World-
class Indian Bank They realized that only a single-minded focus on product
quality and service excellence would help us get there Today they are proud to
say that they are well on our way towards that goal It is extremely gratifying that
their efforts towards providing customer convenience have been appreciated both
nationally and internationally
2009
Asia Money 2009 Awards Best Domestic Bank in India
IBA Banking Technology
Awards 2009
Best IT Governance Award - Runner up
Global Finance Award Best Trade Finance Bank in India for 2009
IDRBT Banking Technology
Excellence Award 2008
Best IT Governance and Value Delivery
Asian Banker Excellence in
Retail Financial Services
Asian Banker Best Retail Bank in India
Award 2009
24
2008
Finance Asia Country Awards
for Achievement 2008
Best Bank and Best Cash Management
Bank
CNN-IBN Indian of the Year (Business)
Nasscom IT User Award 2008 Best IT Adoption in the Banking Sector
Business India Best Bank 2008
Forbes Asia Fab 50 companies in Asia Pacific
Asian Banker Excellence in
Retail Financial Services
Best Retail Bank 2008
Asiamoney Best local Cash Management Bank Award voted
by Corporates
Microsoft amp Indian Express
Group
Security Strategist Award 2008
World Trade Center Award of
honour
For outstanding contribution to international
trade services
Business Today-Monitor
Group survey
One of Indias Most Innovative Companies
Financial Express-Ernst amp
Young Award
Best Bank Award in the Private Sector
category
Global HR Excellence Awards Employer Brand of the Year 2007 -2008
25
- Asia Pacific HRM Congress Award - First Runner up amp many more
Business Today Best Bank Award
2007
Dun amp Bradstreet ndash American
Express Corporate Best Bank
Award 2007
Corporate Best Bank Award
The Bombay Stock Exchange
and Nasscom Foundations
Business for Social
Responsibility Awards 2007
Best Corporate Social Responsibility
Practice Award
Outlook Money amp NDTV
Profit
Best Bank Award in the Private sector
category
The Asian Banker Excellence
in Retail Financial Services
Awards
Best Retail Bank in India
Asian Banker Our Managing Director Aditya Puri wins the
Leadership Achievement Award for India
26
MERGER
HDFC Bank and Centurion Bank of Punjab merger at share swap ratio of 129 The
Boards of HDFC Bank and Centurion Bank of Punjab met on 25 February 2008
and approved subject to due diligence the share swap ratio for the proposed
merger of Centurion Bank of Punjab with HDFC Bank The Scheme of
Amalgamation envisages a share exchange ratio of one share of HDFC Bank for
twenty nine shares of Centurion Bank of Punjab The combined entity would have
a nationwide network of 1148 branches (the largest amongst private sector Banks)
a strong deposit base of around Rs 1200 billion and net advances of around Rs
850billion The balance sheet size of the combined entity would be over Rs 1500
billion Commenting on the proposed merger Mr Deepak Parekh Chairman
HDFC said ldquoWe were amongst the first to get a banking license the first to do a
merger in the private sector with Times Bank in 1999 and now if this deal
happens it would be the largest merger in the private sector banking space in
India HDFC Bank was looking for an appropriate merger opportunity that would
add scale geography and experienced staff to its franchise This opportunity arose
and we thought it is an attractive route to supplement HDFC Bank‟s organic
growth We believe that Centurion Bank of Punjab would be the right fit in terms
of culture strategic intent and approach to businessrdquo Mr Aditya Puri Managing
Director HDFC Bank said ldquoThese are exciting times for the Indian banking
industry The proposed merger will position the combined entity to significantly
exploit opportunities in a market globally recognized as one of the fastest growing
27
I‟m particularly bullish about the potential of business synergies and cultural fit
between the two organizations The combined entity will be an even greater force
in the marketrdquo Mr Rana Talwar Chairman Centurion Bank of Punjab stated
ldquoOver the last few years Centurion Bank of Punjab has set benchmarks for growth
The bank today has a large nationwide network an extremely valuable franchise
7500
talented employees and strong leadership positions in the market place I believe
that the merger with HDFC Bank will create a world class bank in quality and
scale and will set the stage to compete with banks both locally as well on a global
levelrdquo
Mr Shailendra Bhandari Managing Director and CEO Centurion Bank of Punjab
said ldquoWe are extremely pleased to receive the go ahead from our board to pursue
this opportunity A merger between the banks provides significant synergies to the
combined entity The proposed merger would further improve the franchise and
customer proposition offered by the individual banksrdquo
QUALITY POLICY
SECURITY The bank provides long term financial security to their policy The
bank does this by offering life insurance and pension products
28
TRUST The bank appreciates the trust placed by their policy holders in the bank
Hence it will aim to manage their investments very carefully and live up to this
trust
INNOVATION Recognizing the different needs of our customers the bank offers
a range of innovative products to meet these needs
INTEGRITY CUSTOMER CENTRIC PEOPLE CARE ldquoONE FOR ALL AND
ALL FOR ONErdquo TEAM WORK JOY AND SIMPLICITY
RESEARCH OBJECTIVES AND SCOPE OF RESEARCH PROJECT
PROBLEM DEFINATION
Personal Banker were with good background human being and through rigorous
process of recruitment but still not able to perform up to the expectation level of
company HR is not able to sort out the problem why the performance is not
coming even after giving the full marketing and operational support The
communication technique and dealing with the customers is also a problem to the
personal banker
OBJECTIVES OF RESEARCH PROJECT
PRIMARY OBJECTIVES
To acquire new customer by convincing them and to promote the benefits of
those which are provided by the bank
29
To find the different way of convincing customers
To study brand image of the bank
To increase the business of the bank
SECONDARY OBJECTIVES
To determine the need and purpose of a personal banker
To understand the deciding criteria for people to become a personal banker
To offer suggestions based upon the findings
PRODUCT SCOPE
Studying the increasing business scope of the bank Market segmentation to find
the potential customers for the bank To study how the various products are
positioned in the market Corporate marketing of products Customers‟ perception
on the various products of the bank
RESEARCH METHODOLOGY AND LIMITATIONS
All the findings and conclusions obtained are based on the survey done in the
working area within the time limit I tried to select the sample representative of the
whole group during my summer training I have collected data from people linked
with different professional at Gorakhpur
30
RESEARCH PLAN
PRELIMINARY INVESTIGATION
In which data on the situation surrounding the problems shall be gathered to
arrive at
The correct definition of the problem An understanding of its environment
EXPLORATORY STUDY
To determine the approximate area where the problem lies
RESEARCH DESIGN
Research was initiated by examining the secondary data to gain insight into the
problem By analyzing the secondary data the study aim is to explore the short
comings of the present system and primary data will help to validate the analysis of
secondary data besides on unrevealing the areas which calls for improvement
DEVELOPING THE RESEARCH PLAN
The data for this research project has been collected through self Administration
Due to time limitation and other constraints direct personal interview method is
31
used A structured questionnaire was framed as it is less time consuming generates
specific and to the point
information easier to tabulate and interpret Moreover respondents prefer to give
direct answers In questionnaires open ended and closed ended both the types of
questions has been used
COLLECTION OF DATA
1 SECONDARY DATA It was collected from internal sources The secondary
data was collected on the basis of organizational file official records news papers
magazines management books preserved information in the company‟s database
and website of the company
2 PRIMARY DATA All the people from different profession were personally
visited and interviewed They were the main source of Primary data The method
of collection of primary data was direct personal interview through a structured
questionnaire
SAMPLING PLAN Since it is not possible to study whole universe it becomes
necessary to take sample from the universe to know about its characteristics
Sampling Units Different professionals Chartered Accountants Tax
Consultants Lawyers Business Man Professionals and House Wives of
Gorakhpur
Sample Technique Random Sampling
32
Research Instrument Structured Questionnaire
Contact Method Personal Interview
SAMPLE SIZE My sample size for this project was 50 respondents Since it was
not possible to cover the whole universe in the available time period it was
necessary for me to take a sample size of 50 respondents
DATA COLLECTION INSTRUMENT DEVELOPMENT The mode of
collection of data will be based on Survey Method and Field Activity Primary data
collection will base on personal interview I have prepared the questionnaire
according to the necessity of the data to be collected
RESEARCH LIMITATIONS
It was not possible to understand thoroughly about the different marketing aspects
of the Financial Consultant within 60 days As stipend money was not given it was
difficult to continue the project work All the work was limited in some limited
areas of Gorakhpur so the findings should not be generalized The area of research
was Gorakhpur and it was too vast an area to cover within 60 days
DATA ANALYSIS INTERPRETATION AND PRESENTATION
Q1Your Age
33
Ans
1 18-23 Years 10 Person
2 24-29 Years 20 Person
3 30-35 Years 10 Person
4 35 Years and above 10 Person
Base 50 respondents
Interpretation From above response it can be seen that
20 respondent‟s age are 18 to 23 years
35 respondent‟s age are 24 to 29 years
30 respondent‟s age are 30 to 35 years
15 respondent‟s age are 35 to above years
Q2 Marital Status
bull Married bull Single
No of Children __________
Ans
Married 32 Person
Single 18 Person
No of Children Nil
Interpretation From above response it can be seen that
70 respondents are married
30 respondents are unmarried
Q3 Educational Qualification
34
Undergraduate
Graduate
Postgraduate
9Ans
Undergraduate 10 Person
Graduate 22 Person
Postgraduate 18 Person
Interpretation From above response it can be seen that
25 respondents are Under graduate
40 respondents are Graduate
35 respondents are Post graduate
Q4 Number Of year‟s Are You in Gorakhpur
Less than five year‟s
More than five year‟s
Ans
Less than five year‟s 17 Person
More than five year‟s 33 Person
Interpretation From above response it can be seen
that
39 respondents are in Gorakhpur for less than five years
61 respondents are in Gorakhpur for more than five years
Q5 Your Occupation
Business
35
Profession
Service
Ans
Business 13 Person
Profession 17 Person
Service 20 Person
Interpretation From above response it can be seen that
20 respondents Occupation is Business
26 respondents Occupation is Profession
54 respondents Occupation is Service
Q6 Your annual household income
Less than 2 lacs
Between 2 to 5 lacs
Between 5to 8 lacs
More than 8 lacs
Ans
Less than 2 lacs 32 Person
Between 2 to 5 lacs 13 Person
Between 5to 8 lacs 3 Person
More than 8 lacs 2 Person
Interpretation From above response it can be seen that
49 respondent‟s annual household income is less than 2 lacs
31 respondent‟s annual household income is between 2 to 5 lacs
15 respondent‟s annual household income is between 5 to 8 lacs
36
5 respondent‟s annual household income is more than 8 lacs
Q7 What is your perception about different productsservices provided by HDFC
bank
Lucrative
Not lucrative
No idea
Ans
Lucrative 12 Person
Not lucrative 33 Person
No idea 5 Person
Interpretation From above response it can be seen that
25 respondent‟s perception about different products is lucrative
60 respondent‟s perception about
different products is not lucrative
15 respondent‟s have no idea
Q8 Do you want to open an account with HDFC bank
Yes
No
Will tell later
Ans
Yes 8 Person
No 5 Person
Will tell later 37 Person
37
Interpretation From above response it can be seen that
80 respondents are not interested to open an account with the bank
5 respondents are interested to open an account with the bank
15 of the respondents say that they will tell later
Q9 Do you have all the documents which are required to open an account
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
60 respondents have all the documents which are required to open an
account with the bank
25 respondents do not have all the documents which are required to open
an account with the bank
Q10 Are you aware that the bank provides you free phone banking amp net banking
services If you open a new savings account with HDFC bank
Yes
No
Ans
Yes 32 Person
No 18 Person
Interpretation From above response it can be seen that
38
20 respondents are aware of it
40 respondents are not aware of it
Q11Are you aware of different terms and conditions which are very much
essential to maintain an account at HDFC Bank
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
12 respondents are familiar with different terms and conditions which are
very much essential to maintain account with the bank
88 respondents have no idea about it
Q13 Do you know about HDFC Bank‟s recruitment policies related to personal
banker
Yes
No
Ans
Yes 38 Person
No 12 Person
Interpretation From above response it can be seen that
41 respondents are known about HDFC Bank‟s recruitment policies
related to personal banker
39
59 respondents are not known about HDFC Bank‟s recruitment policies
related to personal banker
CONCLUSIONS
HDFC Bank the banking arm of HDFC is expected to go on stream The bank
already has good number of employees on board and is recruiting personal banker
heavily to take the headcount to many more It is on the brim of increasing its
customers through its attractive schemes and offer
The project opportunities provided was market segmentation and identifying
prospective customers in potential geographical location and convincing them to
attract more customers so that new business opportunities of the bank can be
explored Through this project it could be concluded that people are not much
aware about the various products of the bank and many of them not interested to
open an account to invest money at all services was considered as unsought good
which require hard core selling but in changing trend in income and people
becoming financially literate the demand for banking sector is increasing day by
day
So at last the conclusion is that there is tough competition ahead for the company
from its major competitors in the banking sector Last but not the least I would like
to thank HDFC Bank for giving me an opportunity to work in the field of
Marketing and Operation I hope the company finds my analysis relevant
40
BIBLIOGRAPHY
1 WEBSITES
wwwhdfcbankcom wwwgooglecom
9
markets a strong market reputation large shareholder base and unique consumer
franchise HDFC was ideally positioned to promote a bank in the Indian
environment
BUSINESS FOCUS
HDFC Banks mission is to be a World-Class Indian Bank The objective is to
build sound customer franchises across distinct businesses so as to be the preferred
provider of banking services for target retail and wholesale customer segments
and to achieve healthy growth in profitability consistent with the banks risk
appetite The bank is committed to maintain the highest level of ethical standards
professional integrity corporate governance and regulatory compliance HDFC
Banks business philosophy is based on four core values - Operational
Excellence Customer Focus Product Leadership and People
CAPITAL STRUCTURE
The authorized capital of HDFC Bank is Rs550 crore (Rs55 billion) The paid-up
capital is Rs4246 crore (Rs42 billion) The HDFC Group holds 194 of the
banks equity and about 176 of the equity is held by the ADS Depository (in
respect of the banks American Depository Shares (ADS) Issue) Roughly 28 of
the equity is held by Foreign Institutional Investors (FIIs) and the bank has about
570000 shareholders The shares are listed on the Stock Exchange Mumbai and
the National Stock Exchange The banks American Depository Shares are listed on
the New York Stock Exchange (NYSE) under the symbol HDB
10
DISTRIBUTION NETWORK
HDFC Bank headquartered is in Mumbai The Bank at present has an enviable
network of over 1229 branches spread over 444 cities across India All branches
are linked on an online real-time basis Customers in over 120 locations are also
serviced through Telephone Banking The Banks expansion plans take into
account the need to have a presence in all major industrial and commercial centers
where its corporate customers are located as well as the need to build a strong retail
customer base for both deposits and loan products Being a clearingsettlement
bank to various leading stock exchanges the Bank has branches in the centers
where the NSEBSE has a strong and active member base The Bank also has a
network of about over 2526 networked ATMs across these cities Moreover
HDFC Banks ATM network can be accessed by all domestic and international
VisaMasterCard Visa ElectronMaestro PlusCirrus and American Express
CreditCharge cardholders
STRONG NATIONAL NETWORK
11
WORK PLACE TRANSFORMATION
FIVE ldquoSrdquo PART OF KAIZEN
Focus on effective work place organization
believe in
ldquoSmall changes lead to large improvementrdquo
Every successful organization have their own strategy to win the race in the
competitive market They use some technique and methodology for smooth
running of business HDFC BANK also acquired the Japanese technique for
smooth running of work and effective work place organization
Five bdquoS‟ Part of Kaizen is the technique which is used in the bank for easy and
systematic work place and eliminating unnecessary things from the work place
BENEFIT OF FIVE ldquoSrdquo
It can be started immediately
Every one has to participate
Five ldquoSrdquo is an entirely people driven initiatives
Brings in concept of ownership
All wastage are made visible
12
FIVE bdquoS‟
S-1 SORT SEIRI
S-2 SYSTEMATIZE SEITON
S-3 SPIC-N-SPAN SEIRO
S-4 STANDARDIZE SEIKETSU
S-5 SUSTAIN SHITSUKE
1 SORT
It focus on eliminating unnecessary items from the work place It is excellent way
to free up valuable floor space It segregate items as per ldquorequire and wantedrdquo
2 SYSTEMATIZE
Systematize is focus on efficient and effective Storage method That means it
identify organize and arrange retrieval It largely focus on good labeling and
identification practices
Objective ldquoA place for everything and everything in its placerdquo
3 SPIC- n - SPAN
13
Spic-n-Span focuses on regular clearing and self inspection It brings in the sense
of ownership
4 STANDERDIZE
It focuses on simplification and standardization It involves standard rules and
policies It establish checklist to facilitate autonomous maintenance of workplace
It assigns responsibility for doing various jobs and decides on Five S frequency
5 SUSTAIN
It focuses on defining a new status and standard of organized work place Sustain
means regular training to maintain standards developed under S-4 It brings in self-
discipline and commitment towards workplace organization
COLOR CODING
In the HDFC BANK each department has their different color coding apply on the
different file Due to this everyone aware about their particular color file which is
coding on it and they save their valuable time It is a part of Kaizen and also
included in the system of the Five bdquoS‟ Logic behind it that the color coding are
always differentiate the things from the similar one
14
HUMAN
RESOURCES
The Bank‟s staffing
needs continued to
increase during the
year particularly in
the retail banking
businesses in line
with the business growth Total number of employees increased from 14878 as of
March31 2006 to 21477 as of March 31 2008The Bank continues to focus on
training its employees on a continuing basis both on the job and through training
programs conducted by internal and external faculty
The Bank has consistently believed that broader employee ownership of its shares
has a positive impact on its performance and employee motivation The Bank‟s
employee stock option scheme so far covers around 9000 employees
DEPARTMENT
Welcome Desk
Personal Banker
Teller
Relationship Manager
Branch Manager
Demat
Others
15
MANAGEMENT
Mr Jagdish Capoor took over as the banks Chairman in July 2001 Prior to this
Mr Capoor was a Deputy Governor of the Reserve Bank of India The Managing
Director Mr Aditya Puri has been a professional banker for over 25 years and
before joining HDFC Bank in 1994 was heading Citibanks operations in Malaysia
The Banks Board of Directors is composed of eminent individuals with a wealth of
experience in public policy administration industry and commercial banking
Senior executives representing HDFC are also on the Board Senior banking
professionals with substantial experience in India and abroad head various
businesses and functions and report to the Managing Director Given the
professional expertise of the management team and the overall focus on recruiting
and retaining the best talent in the industry the bank believes that its people are a
significant competitive strength
TECHNOLOGY
HDFC Bank operates in a highly automated environment in terms of information
technology and communication systems All the banks branches have online
connectivity which enables the bank to offer speedy funds transfer facilities to its
customers Multi-branch access is also provided to retail customers through the
branch network and Automated Teller Machines (ATMs) The Bank has made
substantial efforts and investments in acquiring the best technology available
internationally to build the infrastructure for a world class bank The Banks
business is supported by scalable and robust systems which ensure that our clients
16
always get the finest services we offer The Bank has prioritized its engagement in
technology and the internet as one of its key goals and has already made significant
progress in web-enabling its core businesses In
each of its businesses the Bank has succeeded in leveraging its market position
expertise and technology to create a competitive advantage and build market share
HDFC BANK business strategy emphasizes the following
Increase market share in India‟s expanding banking and financial services
industry by following a disciplined growth strategy focusing on quality and not
on quantity and delivering high quality customer service Leverage our technology
platform and open scaleable systems to deliver more products to more customers
and to control operating costs Maintain current high standards for asset quality
through disciplined credit risk managementDevelope innovative products and
services that attract the targeted customers and address inefficiencies in the
Indian financial sector Continue to develop products and services that reduce
bank‟s cost of funds Focus on high earnings growth with low volatility
PRODUCT SCOPE
HDFC Bank offers a bunch of products and services to meet the every need of the
people The company cares for both individuals as well as corporate and small and
medium enterprises For individuals the company has a range accounts
investment and pension scheme different types of loans and cards that assist the
17
customers The customers can choose the suitable one from a range of products
which will suit their life-stage and needs For organizations the company has a host
of customized solutions that range from funded services Non-funded services
Value addition services Mutual fund etc These affordable plans apart from
providing long term value to the employees help in enhancing goodwill of the
company The products of the company are categorized into various sections which
are as follows
Accounts and deposits
Loans
Investments and Insurance
Forex and payment services
Cards
Customer center
PRODUCTS AND SERVICES AT A GLANCE
1 PERSONAL BANKING SERVICES
A Accounts amp Deposits
Savings Account
Regular Savings Account
Savings Plus Account
Savings Max Account
18
Senior Citizens Account
No Frills Account
Institutional Savings Account
Payroll Salary Account
Classic Salary Account
Regular Salary Account
Premium Salary Account
Defence Salary Account
Kids Advantage Account
Pension Saving Bank Account
Family Savings Account
Kisan No Frills Savings Account
Kisan Club Savings Account
Current Account
Plus Current Account
Trade Current Account
Premium Current Account
Regular Current Account
Apex Current Account
Max Current Account
Reimbursement Current Account
Fixed Deposit
Regular Fixed Deposit
Super Saver Account
Sweep-in Account
19
Recurring Deposit
Demat Account
Safe Deposit Locker
B Loans
Personal Loans
Home Loans
Two Wheeler Loans
New Car Loans
Used Car Loans
Overdraft against Car
Express Loans
Loan against Securities
Loan against Property
Commercial Vehicle Finance
Working Capital Finance
Construction Equipment Finance
C Investments amp Insurance
Mutual Funds
Insurance
Bonds
Financial Planning
Knowledge Centre
Equities amp Derivatives
20
Mudra Gold Bar
D Forex Services
Trade Finance
Traveler‟s Cheques
Foreign Currency Cash
Foreign Currency Drafts
Foreign Currency Cheque Deposits
Foreign Currency Remittances
Forex Plus Card
E Payment Services
Net Safe
Prepaid Refill
Bill Pay
Direct Pay
Visa Money Transfer
E-Monies Electronic Funds Transfer
Excise amp Service Tax Payment
F Access Your Bank - One View
Insta Alerts
Mobile Banking
ATM
Phone Banking
21
Branch Network
G Cards
Silver Credit Card
Gold Credit Card
Womans Gold Credit Card
Platinum plus Credit Card
Titanium Credit Card
Value plus Credit Card
Health plus Credit Card
HDFC Bank Idea Silver Card
HDFC Bank Idea Gold Card
2 WHOLESALE BANKING SERVICES
Funded Services
Non Funded Services
Value Added Services
Internet Banking
Clearing Sub-Membership
RTGS ndash sub membership
Fund Transfer
ATM Tie-ups
Corporate Salary ac
Tax Collection
Financial Institutions
22
Mutual Funds
Stock Brokers
Insurance Companies
Commodities Business
Trusts
3 NRI BANKING SERVICES
Rupee Saving ac
Rupee Current ac
Rupee Fixed Deposits
Foreign Currency Deposits
Accounts for Returning Indians
Payment Services
Net Safe
Bill Pay
Insta Pay
Direct Pay
Visa Money
Online Donation
Remittances
MILESTONES IN THE HISTORY
23
HDFC Bank began its operations in 1995 with a simple mission to be a World-
class Indian Bank They realized that only a single-minded focus on product
quality and service excellence would help us get there Today they are proud to
say that they are well on our way towards that goal It is extremely gratifying that
their efforts towards providing customer convenience have been appreciated both
nationally and internationally
2009
Asia Money 2009 Awards Best Domestic Bank in India
IBA Banking Technology
Awards 2009
Best IT Governance Award - Runner up
Global Finance Award Best Trade Finance Bank in India for 2009
IDRBT Banking Technology
Excellence Award 2008
Best IT Governance and Value Delivery
Asian Banker Excellence in
Retail Financial Services
Asian Banker Best Retail Bank in India
Award 2009
24
2008
Finance Asia Country Awards
for Achievement 2008
Best Bank and Best Cash Management
Bank
CNN-IBN Indian of the Year (Business)
Nasscom IT User Award 2008 Best IT Adoption in the Banking Sector
Business India Best Bank 2008
Forbes Asia Fab 50 companies in Asia Pacific
Asian Banker Excellence in
Retail Financial Services
Best Retail Bank 2008
Asiamoney Best local Cash Management Bank Award voted
by Corporates
Microsoft amp Indian Express
Group
Security Strategist Award 2008
World Trade Center Award of
honour
For outstanding contribution to international
trade services
Business Today-Monitor
Group survey
One of Indias Most Innovative Companies
Financial Express-Ernst amp
Young Award
Best Bank Award in the Private Sector
category
Global HR Excellence Awards Employer Brand of the Year 2007 -2008
25
- Asia Pacific HRM Congress Award - First Runner up amp many more
Business Today Best Bank Award
2007
Dun amp Bradstreet ndash American
Express Corporate Best Bank
Award 2007
Corporate Best Bank Award
The Bombay Stock Exchange
and Nasscom Foundations
Business for Social
Responsibility Awards 2007
Best Corporate Social Responsibility
Practice Award
Outlook Money amp NDTV
Profit
Best Bank Award in the Private sector
category
The Asian Banker Excellence
in Retail Financial Services
Awards
Best Retail Bank in India
Asian Banker Our Managing Director Aditya Puri wins the
Leadership Achievement Award for India
26
MERGER
HDFC Bank and Centurion Bank of Punjab merger at share swap ratio of 129 The
Boards of HDFC Bank and Centurion Bank of Punjab met on 25 February 2008
and approved subject to due diligence the share swap ratio for the proposed
merger of Centurion Bank of Punjab with HDFC Bank The Scheme of
Amalgamation envisages a share exchange ratio of one share of HDFC Bank for
twenty nine shares of Centurion Bank of Punjab The combined entity would have
a nationwide network of 1148 branches (the largest amongst private sector Banks)
a strong deposit base of around Rs 1200 billion and net advances of around Rs
850billion The balance sheet size of the combined entity would be over Rs 1500
billion Commenting on the proposed merger Mr Deepak Parekh Chairman
HDFC said ldquoWe were amongst the first to get a banking license the first to do a
merger in the private sector with Times Bank in 1999 and now if this deal
happens it would be the largest merger in the private sector banking space in
India HDFC Bank was looking for an appropriate merger opportunity that would
add scale geography and experienced staff to its franchise This opportunity arose
and we thought it is an attractive route to supplement HDFC Bank‟s organic
growth We believe that Centurion Bank of Punjab would be the right fit in terms
of culture strategic intent and approach to businessrdquo Mr Aditya Puri Managing
Director HDFC Bank said ldquoThese are exciting times for the Indian banking
industry The proposed merger will position the combined entity to significantly
exploit opportunities in a market globally recognized as one of the fastest growing
27
I‟m particularly bullish about the potential of business synergies and cultural fit
between the two organizations The combined entity will be an even greater force
in the marketrdquo Mr Rana Talwar Chairman Centurion Bank of Punjab stated
ldquoOver the last few years Centurion Bank of Punjab has set benchmarks for growth
The bank today has a large nationwide network an extremely valuable franchise
7500
talented employees and strong leadership positions in the market place I believe
that the merger with HDFC Bank will create a world class bank in quality and
scale and will set the stage to compete with banks both locally as well on a global
levelrdquo
Mr Shailendra Bhandari Managing Director and CEO Centurion Bank of Punjab
said ldquoWe are extremely pleased to receive the go ahead from our board to pursue
this opportunity A merger between the banks provides significant synergies to the
combined entity The proposed merger would further improve the franchise and
customer proposition offered by the individual banksrdquo
QUALITY POLICY
SECURITY The bank provides long term financial security to their policy The
bank does this by offering life insurance and pension products
28
TRUST The bank appreciates the trust placed by their policy holders in the bank
Hence it will aim to manage their investments very carefully and live up to this
trust
INNOVATION Recognizing the different needs of our customers the bank offers
a range of innovative products to meet these needs
INTEGRITY CUSTOMER CENTRIC PEOPLE CARE ldquoONE FOR ALL AND
ALL FOR ONErdquo TEAM WORK JOY AND SIMPLICITY
RESEARCH OBJECTIVES AND SCOPE OF RESEARCH PROJECT
PROBLEM DEFINATION
Personal Banker were with good background human being and through rigorous
process of recruitment but still not able to perform up to the expectation level of
company HR is not able to sort out the problem why the performance is not
coming even after giving the full marketing and operational support The
communication technique and dealing with the customers is also a problem to the
personal banker
OBJECTIVES OF RESEARCH PROJECT
PRIMARY OBJECTIVES
To acquire new customer by convincing them and to promote the benefits of
those which are provided by the bank
29
To find the different way of convincing customers
To study brand image of the bank
To increase the business of the bank
SECONDARY OBJECTIVES
To determine the need and purpose of a personal banker
To understand the deciding criteria for people to become a personal banker
To offer suggestions based upon the findings
PRODUCT SCOPE
Studying the increasing business scope of the bank Market segmentation to find
the potential customers for the bank To study how the various products are
positioned in the market Corporate marketing of products Customers‟ perception
on the various products of the bank
RESEARCH METHODOLOGY AND LIMITATIONS
All the findings and conclusions obtained are based on the survey done in the
working area within the time limit I tried to select the sample representative of the
whole group during my summer training I have collected data from people linked
with different professional at Gorakhpur
30
RESEARCH PLAN
PRELIMINARY INVESTIGATION
In which data on the situation surrounding the problems shall be gathered to
arrive at
The correct definition of the problem An understanding of its environment
EXPLORATORY STUDY
To determine the approximate area where the problem lies
RESEARCH DESIGN
Research was initiated by examining the secondary data to gain insight into the
problem By analyzing the secondary data the study aim is to explore the short
comings of the present system and primary data will help to validate the analysis of
secondary data besides on unrevealing the areas which calls for improvement
DEVELOPING THE RESEARCH PLAN
The data for this research project has been collected through self Administration
Due to time limitation and other constraints direct personal interview method is
31
used A structured questionnaire was framed as it is less time consuming generates
specific and to the point
information easier to tabulate and interpret Moreover respondents prefer to give
direct answers In questionnaires open ended and closed ended both the types of
questions has been used
COLLECTION OF DATA
1 SECONDARY DATA It was collected from internal sources The secondary
data was collected on the basis of organizational file official records news papers
magazines management books preserved information in the company‟s database
and website of the company
2 PRIMARY DATA All the people from different profession were personally
visited and interviewed They were the main source of Primary data The method
of collection of primary data was direct personal interview through a structured
questionnaire
SAMPLING PLAN Since it is not possible to study whole universe it becomes
necessary to take sample from the universe to know about its characteristics
Sampling Units Different professionals Chartered Accountants Tax
Consultants Lawyers Business Man Professionals and House Wives of
Gorakhpur
Sample Technique Random Sampling
32
Research Instrument Structured Questionnaire
Contact Method Personal Interview
SAMPLE SIZE My sample size for this project was 50 respondents Since it was
not possible to cover the whole universe in the available time period it was
necessary for me to take a sample size of 50 respondents
DATA COLLECTION INSTRUMENT DEVELOPMENT The mode of
collection of data will be based on Survey Method and Field Activity Primary data
collection will base on personal interview I have prepared the questionnaire
according to the necessity of the data to be collected
RESEARCH LIMITATIONS
It was not possible to understand thoroughly about the different marketing aspects
of the Financial Consultant within 60 days As stipend money was not given it was
difficult to continue the project work All the work was limited in some limited
areas of Gorakhpur so the findings should not be generalized The area of research
was Gorakhpur and it was too vast an area to cover within 60 days
DATA ANALYSIS INTERPRETATION AND PRESENTATION
Q1Your Age
33
Ans
1 18-23 Years 10 Person
2 24-29 Years 20 Person
3 30-35 Years 10 Person
4 35 Years and above 10 Person
Base 50 respondents
Interpretation From above response it can be seen that
20 respondent‟s age are 18 to 23 years
35 respondent‟s age are 24 to 29 years
30 respondent‟s age are 30 to 35 years
15 respondent‟s age are 35 to above years
Q2 Marital Status
bull Married bull Single
No of Children __________
Ans
Married 32 Person
Single 18 Person
No of Children Nil
Interpretation From above response it can be seen that
70 respondents are married
30 respondents are unmarried
Q3 Educational Qualification
34
Undergraduate
Graduate
Postgraduate
9Ans
Undergraduate 10 Person
Graduate 22 Person
Postgraduate 18 Person
Interpretation From above response it can be seen that
25 respondents are Under graduate
40 respondents are Graduate
35 respondents are Post graduate
Q4 Number Of year‟s Are You in Gorakhpur
Less than five year‟s
More than five year‟s
Ans
Less than five year‟s 17 Person
More than five year‟s 33 Person
Interpretation From above response it can be seen
that
39 respondents are in Gorakhpur for less than five years
61 respondents are in Gorakhpur for more than five years
Q5 Your Occupation
Business
35
Profession
Service
Ans
Business 13 Person
Profession 17 Person
Service 20 Person
Interpretation From above response it can be seen that
20 respondents Occupation is Business
26 respondents Occupation is Profession
54 respondents Occupation is Service
Q6 Your annual household income
Less than 2 lacs
Between 2 to 5 lacs
Between 5to 8 lacs
More than 8 lacs
Ans
Less than 2 lacs 32 Person
Between 2 to 5 lacs 13 Person
Between 5to 8 lacs 3 Person
More than 8 lacs 2 Person
Interpretation From above response it can be seen that
49 respondent‟s annual household income is less than 2 lacs
31 respondent‟s annual household income is between 2 to 5 lacs
15 respondent‟s annual household income is between 5 to 8 lacs
36
5 respondent‟s annual household income is more than 8 lacs
Q7 What is your perception about different productsservices provided by HDFC
bank
Lucrative
Not lucrative
No idea
Ans
Lucrative 12 Person
Not lucrative 33 Person
No idea 5 Person
Interpretation From above response it can be seen that
25 respondent‟s perception about different products is lucrative
60 respondent‟s perception about
different products is not lucrative
15 respondent‟s have no idea
Q8 Do you want to open an account with HDFC bank
Yes
No
Will tell later
Ans
Yes 8 Person
No 5 Person
Will tell later 37 Person
37
Interpretation From above response it can be seen that
80 respondents are not interested to open an account with the bank
5 respondents are interested to open an account with the bank
15 of the respondents say that they will tell later
Q9 Do you have all the documents which are required to open an account
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
60 respondents have all the documents which are required to open an
account with the bank
25 respondents do not have all the documents which are required to open
an account with the bank
Q10 Are you aware that the bank provides you free phone banking amp net banking
services If you open a new savings account with HDFC bank
Yes
No
Ans
Yes 32 Person
No 18 Person
Interpretation From above response it can be seen that
38
20 respondents are aware of it
40 respondents are not aware of it
Q11Are you aware of different terms and conditions which are very much
essential to maintain an account at HDFC Bank
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
12 respondents are familiar with different terms and conditions which are
very much essential to maintain account with the bank
88 respondents have no idea about it
Q13 Do you know about HDFC Bank‟s recruitment policies related to personal
banker
Yes
No
Ans
Yes 38 Person
No 12 Person
Interpretation From above response it can be seen that
41 respondents are known about HDFC Bank‟s recruitment policies
related to personal banker
39
59 respondents are not known about HDFC Bank‟s recruitment policies
related to personal banker
CONCLUSIONS
HDFC Bank the banking arm of HDFC is expected to go on stream The bank
already has good number of employees on board and is recruiting personal banker
heavily to take the headcount to many more It is on the brim of increasing its
customers through its attractive schemes and offer
The project opportunities provided was market segmentation and identifying
prospective customers in potential geographical location and convincing them to
attract more customers so that new business opportunities of the bank can be
explored Through this project it could be concluded that people are not much
aware about the various products of the bank and many of them not interested to
open an account to invest money at all services was considered as unsought good
which require hard core selling but in changing trend in income and people
becoming financially literate the demand for banking sector is increasing day by
day
So at last the conclusion is that there is tough competition ahead for the company
from its major competitors in the banking sector Last but not the least I would like
to thank HDFC Bank for giving me an opportunity to work in the field of
Marketing and Operation I hope the company finds my analysis relevant
40
BIBLIOGRAPHY
1 WEBSITES
wwwhdfcbankcom wwwgooglecom
10
DISTRIBUTION NETWORK
HDFC Bank headquartered is in Mumbai The Bank at present has an enviable
network of over 1229 branches spread over 444 cities across India All branches
are linked on an online real-time basis Customers in over 120 locations are also
serviced through Telephone Banking The Banks expansion plans take into
account the need to have a presence in all major industrial and commercial centers
where its corporate customers are located as well as the need to build a strong retail
customer base for both deposits and loan products Being a clearingsettlement
bank to various leading stock exchanges the Bank has branches in the centers
where the NSEBSE has a strong and active member base The Bank also has a
network of about over 2526 networked ATMs across these cities Moreover
HDFC Banks ATM network can be accessed by all domestic and international
VisaMasterCard Visa ElectronMaestro PlusCirrus and American Express
CreditCharge cardholders
STRONG NATIONAL NETWORK
11
WORK PLACE TRANSFORMATION
FIVE ldquoSrdquo PART OF KAIZEN
Focus on effective work place organization
believe in
ldquoSmall changes lead to large improvementrdquo
Every successful organization have their own strategy to win the race in the
competitive market They use some technique and methodology for smooth
running of business HDFC BANK also acquired the Japanese technique for
smooth running of work and effective work place organization
Five bdquoS‟ Part of Kaizen is the technique which is used in the bank for easy and
systematic work place and eliminating unnecessary things from the work place
BENEFIT OF FIVE ldquoSrdquo
It can be started immediately
Every one has to participate
Five ldquoSrdquo is an entirely people driven initiatives
Brings in concept of ownership
All wastage are made visible
12
FIVE bdquoS‟
S-1 SORT SEIRI
S-2 SYSTEMATIZE SEITON
S-3 SPIC-N-SPAN SEIRO
S-4 STANDARDIZE SEIKETSU
S-5 SUSTAIN SHITSUKE
1 SORT
It focus on eliminating unnecessary items from the work place It is excellent way
to free up valuable floor space It segregate items as per ldquorequire and wantedrdquo
2 SYSTEMATIZE
Systematize is focus on efficient and effective Storage method That means it
identify organize and arrange retrieval It largely focus on good labeling and
identification practices
Objective ldquoA place for everything and everything in its placerdquo
3 SPIC- n - SPAN
13
Spic-n-Span focuses on regular clearing and self inspection It brings in the sense
of ownership
4 STANDERDIZE
It focuses on simplification and standardization It involves standard rules and
policies It establish checklist to facilitate autonomous maintenance of workplace
It assigns responsibility for doing various jobs and decides on Five S frequency
5 SUSTAIN
It focuses on defining a new status and standard of organized work place Sustain
means regular training to maintain standards developed under S-4 It brings in self-
discipline and commitment towards workplace organization
COLOR CODING
In the HDFC BANK each department has their different color coding apply on the
different file Due to this everyone aware about their particular color file which is
coding on it and they save their valuable time It is a part of Kaizen and also
included in the system of the Five bdquoS‟ Logic behind it that the color coding are
always differentiate the things from the similar one
14
HUMAN
RESOURCES
The Bank‟s staffing
needs continued to
increase during the
year particularly in
the retail banking
businesses in line
with the business growth Total number of employees increased from 14878 as of
March31 2006 to 21477 as of March 31 2008The Bank continues to focus on
training its employees on a continuing basis both on the job and through training
programs conducted by internal and external faculty
The Bank has consistently believed that broader employee ownership of its shares
has a positive impact on its performance and employee motivation The Bank‟s
employee stock option scheme so far covers around 9000 employees
DEPARTMENT
Welcome Desk
Personal Banker
Teller
Relationship Manager
Branch Manager
Demat
Others
15
MANAGEMENT
Mr Jagdish Capoor took over as the banks Chairman in July 2001 Prior to this
Mr Capoor was a Deputy Governor of the Reserve Bank of India The Managing
Director Mr Aditya Puri has been a professional banker for over 25 years and
before joining HDFC Bank in 1994 was heading Citibanks operations in Malaysia
The Banks Board of Directors is composed of eminent individuals with a wealth of
experience in public policy administration industry and commercial banking
Senior executives representing HDFC are also on the Board Senior banking
professionals with substantial experience in India and abroad head various
businesses and functions and report to the Managing Director Given the
professional expertise of the management team and the overall focus on recruiting
and retaining the best talent in the industry the bank believes that its people are a
significant competitive strength
TECHNOLOGY
HDFC Bank operates in a highly automated environment in terms of information
technology and communication systems All the banks branches have online
connectivity which enables the bank to offer speedy funds transfer facilities to its
customers Multi-branch access is also provided to retail customers through the
branch network and Automated Teller Machines (ATMs) The Bank has made
substantial efforts and investments in acquiring the best technology available
internationally to build the infrastructure for a world class bank The Banks
business is supported by scalable and robust systems which ensure that our clients
16
always get the finest services we offer The Bank has prioritized its engagement in
technology and the internet as one of its key goals and has already made significant
progress in web-enabling its core businesses In
each of its businesses the Bank has succeeded in leveraging its market position
expertise and technology to create a competitive advantage and build market share
HDFC BANK business strategy emphasizes the following
Increase market share in India‟s expanding banking and financial services
industry by following a disciplined growth strategy focusing on quality and not
on quantity and delivering high quality customer service Leverage our technology
platform and open scaleable systems to deliver more products to more customers
and to control operating costs Maintain current high standards for asset quality
through disciplined credit risk managementDevelope innovative products and
services that attract the targeted customers and address inefficiencies in the
Indian financial sector Continue to develop products and services that reduce
bank‟s cost of funds Focus on high earnings growth with low volatility
PRODUCT SCOPE
HDFC Bank offers a bunch of products and services to meet the every need of the
people The company cares for both individuals as well as corporate and small and
medium enterprises For individuals the company has a range accounts
investment and pension scheme different types of loans and cards that assist the
17
customers The customers can choose the suitable one from a range of products
which will suit their life-stage and needs For organizations the company has a host
of customized solutions that range from funded services Non-funded services
Value addition services Mutual fund etc These affordable plans apart from
providing long term value to the employees help in enhancing goodwill of the
company The products of the company are categorized into various sections which
are as follows
Accounts and deposits
Loans
Investments and Insurance
Forex and payment services
Cards
Customer center
PRODUCTS AND SERVICES AT A GLANCE
1 PERSONAL BANKING SERVICES
A Accounts amp Deposits
Savings Account
Regular Savings Account
Savings Plus Account
Savings Max Account
18
Senior Citizens Account
No Frills Account
Institutional Savings Account
Payroll Salary Account
Classic Salary Account
Regular Salary Account
Premium Salary Account
Defence Salary Account
Kids Advantage Account
Pension Saving Bank Account
Family Savings Account
Kisan No Frills Savings Account
Kisan Club Savings Account
Current Account
Plus Current Account
Trade Current Account
Premium Current Account
Regular Current Account
Apex Current Account
Max Current Account
Reimbursement Current Account
Fixed Deposit
Regular Fixed Deposit
Super Saver Account
Sweep-in Account
19
Recurring Deposit
Demat Account
Safe Deposit Locker
B Loans
Personal Loans
Home Loans
Two Wheeler Loans
New Car Loans
Used Car Loans
Overdraft against Car
Express Loans
Loan against Securities
Loan against Property
Commercial Vehicle Finance
Working Capital Finance
Construction Equipment Finance
C Investments amp Insurance
Mutual Funds
Insurance
Bonds
Financial Planning
Knowledge Centre
Equities amp Derivatives
20
Mudra Gold Bar
D Forex Services
Trade Finance
Traveler‟s Cheques
Foreign Currency Cash
Foreign Currency Drafts
Foreign Currency Cheque Deposits
Foreign Currency Remittances
Forex Plus Card
E Payment Services
Net Safe
Prepaid Refill
Bill Pay
Direct Pay
Visa Money Transfer
E-Monies Electronic Funds Transfer
Excise amp Service Tax Payment
F Access Your Bank - One View
Insta Alerts
Mobile Banking
ATM
Phone Banking
21
Branch Network
G Cards
Silver Credit Card
Gold Credit Card
Womans Gold Credit Card
Platinum plus Credit Card
Titanium Credit Card
Value plus Credit Card
Health plus Credit Card
HDFC Bank Idea Silver Card
HDFC Bank Idea Gold Card
2 WHOLESALE BANKING SERVICES
Funded Services
Non Funded Services
Value Added Services
Internet Banking
Clearing Sub-Membership
RTGS ndash sub membership
Fund Transfer
ATM Tie-ups
Corporate Salary ac
Tax Collection
Financial Institutions
22
Mutual Funds
Stock Brokers
Insurance Companies
Commodities Business
Trusts
3 NRI BANKING SERVICES
Rupee Saving ac
Rupee Current ac
Rupee Fixed Deposits
Foreign Currency Deposits
Accounts for Returning Indians
Payment Services
Net Safe
Bill Pay
Insta Pay
Direct Pay
Visa Money
Online Donation
Remittances
MILESTONES IN THE HISTORY
23
HDFC Bank began its operations in 1995 with a simple mission to be a World-
class Indian Bank They realized that only a single-minded focus on product
quality and service excellence would help us get there Today they are proud to
say that they are well on our way towards that goal It is extremely gratifying that
their efforts towards providing customer convenience have been appreciated both
nationally and internationally
2009
Asia Money 2009 Awards Best Domestic Bank in India
IBA Banking Technology
Awards 2009
Best IT Governance Award - Runner up
Global Finance Award Best Trade Finance Bank in India for 2009
IDRBT Banking Technology
Excellence Award 2008
Best IT Governance and Value Delivery
Asian Banker Excellence in
Retail Financial Services
Asian Banker Best Retail Bank in India
Award 2009
24
2008
Finance Asia Country Awards
for Achievement 2008
Best Bank and Best Cash Management
Bank
CNN-IBN Indian of the Year (Business)
Nasscom IT User Award 2008 Best IT Adoption in the Banking Sector
Business India Best Bank 2008
Forbes Asia Fab 50 companies in Asia Pacific
Asian Banker Excellence in
Retail Financial Services
Best Retail Bank 2008
Asiamoney Best local Cash Management Bank Award voted
by Corporates
Microsoft amp Indian Express
Group
Security Strategist Award 2008
World Trade Center Award of
honour
For outstanding contribution to international
trade services
Business Today-Monitor
Group survey
One of Indias Most Innovative Companies
Financial Express-Ernst amp
Young Award
Best Bank Award in the Private Sector
category
Global HR Excellence Awards Employer Brand of the Year 2007 -2008
25
- Asia Pacific HRM Congress Award - First Runner up amp many more
Business Today Best Bank Award
2007
Dun amp Bradstreet ndash American
Express Corporate Best Bank
Award 2007
Corporate Best Bank Award
The Bombay Stock Exchange
and Nasscom Foundations
Business for Social
Responsibility Awards 2007
Best Corporate Social Responsibility
Practice Award
Outlook Money amp NDTV
Profit
Best Bank Award in the Private sector
category
The Asian Banker Excellence
in Retail Financial Services
Awards
Best Retail Bank in India
Asian Banker Our Managing Director Aditya Puri wins the
Leadership Achievement Award for India
26
MERGER
HDFC Bank and Centurion Bank of Punjab merger at share swap ratio of 129 The
Boards of HDFC Bank and Centurion Bank of Punjab met on 25 February 2008
and approved subject to due diligence the share swap ratio for the proposed
merger of Centurion Bank of Punjab with HDFC Bank The Scheme of
Amalgamation envisages a share exchange ratio of one share of HDFC Bank for
twenty nine shares of Centurion Bank of Punjab The combined entity would have
a nationwide network of 1148 branches (the largest amongst private sector Banks)
a strong deposit base of around Rs 1200 billion and net advances of around Rs
850billion The balance sheet size of the combined entity would be over Rs 1500
billion Commenting on the proposed merger Mr Deepak Parekh Chairman
HDFC said ldquoWe were amongst the first to get a banking license the first to do a
merger in the private sector with Times Bank in 1999 and now if this deal
happens it would be the largest merger in the private sector banking space in
India HDFC Bank was looking for an appropriate merger opportunity that would
add scale geography and experienced staff to its franchise This opportunity arose
and we thought it is an attractive route to supplement HDFC Bank‟s organic
growth We believe that Centurion Bank of Punjab would be the right fit in terms
of culture strategic intent and approach to businessrdquo Mr Aditya Puri Managing
Director HDFC Bank said ldquoThese are exciting times for the Indian banking
industry The proposed merger will position the combined entity to significantly
exploit opportunities in a market globally recognized as one of the fastest growing
27
I‟m particularly bullish about the potential of business synergies and cultural fit
between the two organizations The combined entity will be an even greater force
in the marketrdquo Mr Rana Talwar Chairman Centurion Bank of Punjab stated
ldquoOver the last few years Centurion Bank of Punjab has set benchmarks for growth
The bank today has a large nationwide network an extremely valuable franchise
7500
talented employees and strong leadership positions in the market place I believe
that the merger with HDFC Bank will create a world class bank in quality and
scale and will set the stage to compete with banks both locally as well on a global
levelrdquo
Mr Shailendra Bhandari Managing Director and CEO Centurion Bank of Punjab
said ldquoWe are extremely pleased to receive the go ahead from our board to pursue
this opportunity A merger between the banks provides significant synergies to the
combined entity The proposed merger would further improve the franchise and
customer proposition offered by the individual banksrdquo
QUALITY POLICY
SECURITY The bank provides long term financial security to their policy The
bank does this by offering life insurance and pension products
28
TRUST The bank appreciates the trust placed by their policy holders in the bank
Hence it will aim to manage their investments very carefully and live up to this
trust
INNOVATION Recognizing the different needs of our customers the bank offers
a range of innovative products to meet these needs
INTEGRITY CUSTOMER CENTRIC PEOPLE CARE ldquoONE FOR ALL AND
ALL FOR ONErdquo TEAM WORK JOY AND SIMPLICITY
RESEARCH OBJECTIVES AND SCOPE OF RESEARCH PROJECT
PROBLEM DEFINATION
Personal Banker were with good background human being and through rigorous
process of recruitment but still not able to perform up to the expectation level of
company HR is not able to sort out the problem why the performance is not
coming even after giving the full marketing and operational support The
communication technique and dealing with the customers is also a problem to the
personal banker
OBJECTIVES OF RESEARCH PROJECT
PRIMARY OBJECTIVES
To acquire new customer by convincing them and to promote the benefits of
those which are provided by the bank
29
To find the different way of convincing customers
To study brand image of the bank
To increase the business of the bank
SECONDARY OBJECTIVES
To determine the need and purpose of a personal banker
To understand the deciding criteria for people to become a personal banker
To offer suggestions based upon the findings
PRODUCT SCOPE
Studying the increasing business scope of the bank Market segmentation to find
the potential customers for the bank To study how the various products are
positioned in the market Corporate marketing of products Customers‟ perception
on the various products of the bank
RESEARCH METHODOLOGY AND LIMITATIONS
All the findings and conclusions obtained are based on the survey done in the
working area within the time limit I tried to select the sample representative of the
whole group during my summer training I have collected data from people linked
with different professional at Gorakhpur
30
RESEARCH PLAN
PRELIMINARY INVESTIGATION
In which data on the situation surrounding the problems shall be gathered to
arrive at
The correct definition of the problem An understanding of its environment
EXPLORATORY STUDY
To determine the approximate area where the problem lies
RESEARCH DESIGN
Research was initiated by examining the secondary data to gain insight into the
problem By analyzing the secondary data the study aim is to explore the short
comings of the present system and primary data will help to validate the analysis of
secondary data besides on unrevealing the areas which calls for improvement
DEVELOPING THE RESEARCH PLAN
The data for this research project has been collected through self Administration
Due to time limitation and other constraints direct personal interview method is
31
used A structured questionnaire was framed as it is less time consuming generates
specific and to the point
information easier to tabulate and interpret Moreover respondents prefer to give
direct answers In questionnaires open ended and closed ended both the types of
questions has been used
COLLECTION OF DATA
1 SECONDARY DATA It was collected from internal sources The secondary
data was collected on the basis of organizational file official records news papers
magazines management books preserved information in the company‟s database
and website of the company
2 PRIMARY DATA All the people from different profession were personally
visited and interviewed They were the main source of Primary data The method
of collection of primary data was direct personal interview through a structured
questionnaire
SAMPLING PLAN Since it is not possible to study whole universe it becomes
necessary to take sample from the universe to know about its characteristics
Sampling Units Different professionals Chartered Accountants Tax
Consultants Lawyers Business Man Professionals and House Wives of
Gorakhpur
Sample Technique Random Sampling
32
Research Instrument Structured Questionnaire
Contact Method Personal Interview
SAMPLE SIZE My sample size for this project was 50 respondents Since it was
not possible to cover the whole universe in the available time period it was
necessary for me to take a sample size of 50 respondents
DATA COLLECTION INSTRUMENT DEVELOPMENT The mode of
collection of data will be based on Survey Method and Field Activity Primary data
collection will base on personal interview I have prepared the questionnaire
according to the necessity of the data to be collected
RESEARCH LIMITATIONS
It was not possible to understand thoroughly about the different marketing aspects
of the Financial Consultant within 60 days As stipend money was not given it was
difficult to continue the project work All the work was limited in some limited
areas of Gorakhpur so the findings should not be generalized The area of research
was Gorakhpur and it was too vast an area to cover within 60 days
DATA ANALYSIS INTERPRETATION AND PRESENTATION
Q1Your Age
33
Ans
1 18-23 Years 10 Person
2 24-29 Years 20 Person
3 30-35 Years 10 Person
4 35 Years and above 10 Person
Base 50 respondents
Interpretation From above response it can be seen that
20 respondent‟s age are 18 to 23 years
35 respondent‟s age are 24 to 29 years
30 respondent‟s age are 30 to 35 years
15 respondent‟s age are 35 to above years
Q2 Marital Status
bull Married bull Single
No of Children __________
Ans
Married 32 Person
Single 18 Person
No of Children Nil
Interpretation From above response it can be seen that
70 respondents are married
30 respondents are unmarried
Q3 Educational Qualification
34
Undergraduate
Graduate
Postgraduate
9Ans
Undergraduate 10 Person
Graduate 22 Person
Postgraduate 18 Person
Interpretation From above response it can be seen that
25 respondents are Under graduate
40 respondents are Graduate
35 respondents are Post graduate
Q4 Number Of year‟s Are You in Gorakhpur
Less than five year‟s
More than five year‟s
Ans
Less than five year‟s 17 Person
More than five year‟s 33 Person
Interpretation From above response it can be seen
that
39 respondents are in Gorakhpur for less than five years
61 respondents are in Gorakhpur for more than five years
Q5 Your Occupation
Business
35
Profession
Service
Ans
Business 13 Person
Profession 17 Person
Service 20 Person
Interpretation From above response it can be seen that
20 respondents Occupation is Business
26 respondents Occupation is Profession
54 respondents Occupation is Service
Q6 Your annual household income
Less than 2 lacs
Between 2 to 5 lacs
Between 5to 8 lacs
More than 8 lacs
Ans
Less than 2 lacs 32 Person
Between 2 to 5 lacs 13 Person
Between 5to 8 lacs 3 Person
More than 8 lacs 2 Person
Interpretation From above response it can be seen that
49 respondent‟s annual household income is less than 2 lacs
31 respondent‟s annual household income is between 2 to 5 lacs
15 respondent‟s annual household income is between 5 to 8 lacs
36
5 respondent‟s annual household income is more than 8 lacs
Q7 What is your perception about different productsservices provided by HDFC
bank
Lucrative
Not lucrative
No idea
Ans
Lucrative 12 Person
Not lucrative 33 Person
No idea 5 Person
Interpretation From above response it can be seen that
25 respondent‟s perception about different products is lucrative
60 respondent‟s perception about
different products is not lucrative
15 respondent‟s have no idea
Q8 Do you want to open an account with HDFC bank
Yes
No
Will tell later
Ans
Yes 8 Person
No 5 Person
Will tell later 37 Person
37
Interpretation From above response it can be seen that
80 respondents are not interested to open an account with the bank
5 respondents are interested to open an account with the bank
15 of the respondents say that they will tell later
Q9 Do you have all the documents which are required to open an account
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
60 respondents have all the documents which are required to open an
account with the bank
25 respondents do not have all the documents which are required to open
an account with the bank
Q10 Are you aware that the bank provides you free phone banking amp net banking
services If you open a new savings account with HDFC bank
Yes
No
Ans
Yes 32 Person
No 18 Person
Interpretation From above response it can be seen that
38
20 respondents are aware of it
40 respondents are not aware of it
Q11Are you aware of different terms and conditions which are very much
essential to maintain an account at HDFC Bank
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
12 respondents are familiar with different terms and conditions which are
very much essential to maintain account with the bank
88 respondents have no idea about it
Q13 Do you know about HDFC Bank‟s recruitment policies related to personal
banker
Yes
No
Ans
Yes 38 Person
No 12 Person
Interpretation From above response it can be seen that
41 respondents are known about HDFC Bank‟s recruitment policies
related to personal banker
39
59 respondents are not known about HDFC Bank‟s recruitment policies
related to personal banker
CONCLUSIONS
HDFC Bank the banking arm of HDFC is expected to go on stream The bank
already has good number of employees on board and is recruiting personal banker
heavily to take the headcount to many more It is on the brim of increasing its
customers through its attractive schemes and offer
The project opportunities provided was market segmentation and identifying
prospective customers in potential geographical location and convincing them to
attract more customers so that new business opportunities of the bank can be
explored Through this project it could be concluded that people are not much
aware about the various products of the bank and many of them not interested to
open an account to invest money at all services was considered as unsought good
which require hard core selling but in changing trend in income and people
becoming financially literate the demand for banking sector is increasing day by
day
So at last the conclusion is that there is tough competition ahead for the company
from its major competitors in the banking sector Last but not the least I would like
to thank HDFC Bank for giving me an opportunity to work in the field of
Marketing and Operation I hope the company finds my analysis relevant
40
BIBLIOGRAPHY
1 WEBSITES
wwwhdfcbankcom wwwgooglecom
11
WORK PLACE TRANSFORMATION
FIVE ldquoSrdquo PART OF KAIZEN
Focus on effective work place organization
believe in
ldquoSmall changes lead to large improvementrdquo
Every successful organization have their own strategy to win the race in the
competitive market They use some technique and methodology for smooth
running of business HDFC BANK also acquired the Japanese technique for
smooth running of work and effective work place organization
Five bdquoS‟ Part of Kaizen is the technique which is used in the bank for easy and
systematic work place and eliminating unnecessary things from the work place
BENEFIT OF FIVE ldquoSrdquo
It can be started immediately
Every one has to participate
Five ldquoSrdquo is an entirely people driven initiatives
Brings in concept of ownership
All wastage are made visible
12
FIVE bdquoS‟
S-1 SORT SEIRI
S-2 SYSTEMATIZE SEITON
S-3 SPIC-N-SPAN SEIRO
S-4 STANDARDIZE SEIKETSU
S-5 SUSTAIN SHITSUKE
1 SORT
It focus on eliminating unnecessary items from the work place It is excellent way
to free up valuable floor space It segregate items as per ldquorequire and wantedrdquo
2 SYSTEMATIZE
Systematize is focus on efficient and effective Storage method That means it
identify organize and arrange retrieval It largely focus on good labeling and
identification practices
Objective ldquoA place for everything and everything in its placerdquo
3 SPIC- n - SPAN
13
Spic-n-Span focuses on regular clearing and self inspection It brings in the sense
of ownership
4 STANDERDIZE
It focuses on simplification and standardization It involves standard rules and
policies It establish checklist to facilitate autonomous maintenance of workplace
It assigns responsibility for doing various jobs and decides on Five S frequency
5 SUSTAIN
It focuses on defining a new status and standard of organized work place Sustain
means regular training to maintain standards developed under S-4 It brings in self-
discipline and commitment towards workplace organization
COLOR CODING
In the HDFC BANK each department has their different color coding apply on the
different file Due to this everyone aware about their particular color file which is
coding on it and they save their valuable time It is a part of Kaizen and also
included in the system of the Five bdquoS‟ Logic behind it that the color coding are
always differentiate the things from the similar one
14
HUMAN
RESOURCES
The Bank‟s staffing
needs continued to
increase during the
year particularly in
the retail banking
businesses in line
with the business growth Total number of employees increased from 14878 as of
March31 2006 to 21477 as of March 31 2008The Bank continues to focus on
training its employees on a continuing basis both on the job and through training
programs conducted by internal and external faculty
The Bank has consistently believed that broader employee ownership of its shares
has a positive impact on its performance and employee motivation The Bank‟s
employee stock option scheme so far covers around 9000 employees
DEPARTMENT
Welcome Desk
Personal Banker
Teller
Relationship Manager
Branch Manager
Demat
Others
15
MANAGEMENT
Mr Jagdish Capoor took over as the banks Chairman in July 2001 Prior to this
Mr Capoor was a Deputy Governor of the Reserve Bank of India The Managing
Director Mr Aditya Puri has been a professional banker for over 25 years and
before joining HDFC Bank in 1994 was heading Citibanks operations in Malaysia
The Banks Board of Directors is composed of eminent individuals with a wealth of
experience in public policy administration industry and commercial banking
Senior executives representing HDFC are also on the Board Senior banking
professionals with substantial experience in India and abroad head various
businesses and functions and report to the Managing Director Given the
professional expertise of the management team and the overall focus on recruiting
and retaining the best talent in the industry the bank believes that its people are a
significant competitive strength
TECHNOLOGY
HDFC Bank operates in a highly automated environment in terms of information
technology and communication systems All the banks branches have online
connectivity which enables the bank to offer speedy funds transfer facilities to its
customers Multi-branch access is also provided to retail customers through the
branch network and Automated Teller Machines (ATMs) The Bank has made
substantial efforts and investments in acquiring the best technology available
internationally to build the infrastructure for a world class bank The Banks
business is supported by scalable and robust systems which ensure that our clients
16
always get the finest services we offer The Bank has prioritized its engagement in
technology and the internet as one of its key goals and has already made significant
progress in web-enabling its core businesses In
each of its businesses the Bank has succeeded in leveraging its market position
expertise and technology to create a competitive advantage and build market share
HDFC BANK business strategy emphasizes the following
Increase market share in India‟s expanding banking and financial services
industry by following a disciplined growth strategy focusing on quality and not
on quantity and delivering high quality customer service Leverage our technology
platform and open scaleable systems to deliver more products to more customers
and to control operating costs Maintain current high standards for asset quality
through disciplined credit risk managementDevelope innovative products and
services that attract the targeted customers and address inefficiencies in the
Indian financial sector Continue to develop products and services that reduce
bank‟s cost of funds Focus on high earnings growth with low volatility
PRODUCT SCOPE
HDFC Bank offers a bunch of products and services to meet the every need of the
people The company cares for both individuals as well as corporate and small and
medium enterprises For individuals the company has a range accounts
investment and pension scheme different types of loans and cards that assist the
17
customers The customers can choose the suitable one from a range of products
which will suit their life-stage and needs For organizations the company has a host
of customized solutions that range from funded services Non-funded services
Value addition services Mutual fund etc These affordable plans apart from
providing long term value to the employees help in enhancing goodwill of the
company The products of the company are categorized into various sections which
are as follows
Accounts and deposits
Loans
Investments and Insurance
Forex and payment services
Cards
Customer center
PRODUCTS AND SERVICES AT A GLANCE
1 PERSONAL BANKING SERVICES
A Accounts amp Deposits
Savings Account
Regular Savings Account
Savings Plus Account
Savings Max Account
18
Senior Citizens Account
No Frills Account
Institutional Savings Account
Payroll Salary Account
Classic Salary Account
Regular Salary Account
Premium Salary Account
Defence Salary Account
Kids Advantage Account
Pension Saving Bank Account
Family Savings Account
Kisan No Frills Savings Account
Kisan Club Savings Account
Current Account
Plus Current Account
Trade Current Account
Premium Current Account
Regular Current Account
Apex Current Account
Max Current Account
Reimbursement Current Account
Fixed Deposit
Regular Fixed Deposit
Super Saver Account
Sweep-in Account
19
Recurring Deposit
Demat Account
Safe Deposit Locker
B Loans
Personal Loans
Home Loans
Two Wheeler Loans
New Car Loans
Used Car Loans
Overdraft against Car
Express Loans
Loan against Securities
Loan against Property
Commercial Vehicle Finance
Working Capital Finance
Construction Equipment Finance
C Investments amp Insurance
Mutual Funds
Insurance
Bonds
Financial Planning
Knowledge Centre
Equities amp Derivatives
20
Mudra Gold Bar
D Forex Services
Trade Finance
Traveler‟s Cheques
Foreign Currency Cash
Foreign Currency Drafts
Foreign Currency Cheque Deposits
Foreign Currency Remittances
Forex Plus Card
E Payment Services
Net Safe
Prepaid Refill
Bill Pay
Direct Pay
Visa Money Transfer
E-Monies Electronic Funds Transfer
Excise amp Service Tax Payment
F Access Your Bank - One View
Insta Alerts
Mobile Banking
ATM
Phone Banking
21
Branch Network
G Cards
Silver Credit Card
Gold Credit Card
Womans Gold Credit Card
Platinum plus Credit Card
Titanium Credit Card
Value plus Credit Card
Health plus Credit Card
HDFC Bank Idea Silver Card
HDFC Bank Idea Gold Card
2 WHOLESALE BANKING SERVICES
Funded Services
Non Funded Services
Value Added Services
Internet Banking
Clearing Sub-Membership
RTGS ndash sub membership
Fund Transfer
ATM Tie-ups
Corporate Salary ac
Tax Collection
Financial Institutions
22
Mutual Funds
Stock Brokers
Insurance Companies
Commodities Business
Trusts
3 NRI BANKING SERVICES
Rupee Saving ac
Rupee Current ac
Rupee Fixed Deposits
Foreign Currency Deposits
Accounts for Returning Indians
Payment Services
Net Safe
Bill Pay
Insta Pay
Direct Pay
Visa Money
Online Donation
Remittances
MILESTONES IN THE HISTORY
23
HDFC Bank began its operations in 1995 with a simple mission to be a World-
class Indian Bank They realized that only a single-minded focus on product
quality and service excellence would help us get there Today they are proud to
say that they are well on our way towards that goal It is extremely gratifying that
their efforts towards providing customer convenience have been appreciated both
nationally and internationally
2009
Asia Money 2009 Awards Best Domestic Bank in India
IBA Banking Technology
Awards 2009
Best IT Governance Award - Runner up
Global Finance Award Best Trade Finance Bank in India for 2009
IDRBT Banking Technology
Excellence Award 2008
Best IT Governance and Value Delivery
Asian Banker Excellence in
Retail Financial Services
Asian Banker Best Retail Bank in India
Award 2009
24
2008
Finance Asia Country Awards
for Achievement 2008
Best Bank and Best Cash Management
Bank
CNN-IBN Indian of the Year (Business)
Nasscom IT User Award 2008 Best IT Adoption in the Banking Sector
Business India Best Bank 2008
Forbes Asia Fab 50 companies in Asia Pacific
Asian Banker Excellence in
Retail Financial Services
Best Retail Bank 2008
Asiamoney Best local Cash Management Bank Award voted
by Corporates
Microsoft amp Indian Express
Group
Security Strategist Award 2008
World Trade Center Award of
honour
For outstanding contribution to international
trade services
Business Today-Monitor
Group survey
One of Indias Most Innovative Companies
Financial Express-Ernst amp
Young Award
Best Bank Award in the Private Sector
category
Global HR Excellence Awards Employer Brand of the Year 2007 -2008
25
- Asia Pacific HRM Congress Award - First Runner up amp many more
Business Today Best Bank Award
2007
Dun amp Bradstreet ndash American
Express Corporate Best Bank
Award 2007
Corporate Best Bank Award
The Bombay Stock Exchange
and Nasscom Foundations
Business for Social
Responsibility Awards 2007
Best Corporate Social Responsibility
Practice Award
Outlook Money amp NDTV
Profit
Best Bank Award in the Private sector
category
The Asian Banker Excellence
in Retail Financial Services
Awards
Best Retail Bank in India
Asian Banker Our Managing Director Aditya Puri wins the
Leadership Achievement Award for India
26
MERGER
HDFC Bank and Centurion Bank of Punjab merger at share swap ratio of 129 The
Boards of HDFC Bank and Centurion Bank of Punjab met on 25 February 2008
and approved subject to due diligence the share swap ratio for the proposed
merger of Centurion Bank of Punjab with HDFC Bank The Scheme of
Amalgamation envisages a share exchange ratio of one share of HDFC Bank for
twenty nine shares of Centurion Bank of Punjab The combined entity would have
a nationwide network of 1148 branches (the largest amongst private sector Banks)
a strong deposit base of around Rs 1200 billion and net advances of around Rs
850billion The balance sheet size of the combined entity would be over Rs 1500
billion Commenting on the proposed merger Mr Deepak Parekh Chairman
HDFC said ldquoWe were amongst the first to get a banking license the first to do a
merger in the private sector with Times Bank in 1999 and now if this deal
happens it would be the largest merger in the private sector banking space in
India HDFC Bank was looking for an appropriate merger opportunity that would
add scale geography and experienced staff to its franchise This opportunity arose
and we thought it is an attractive route to supplement HDFC Bank‟s organic
growth We believe that Centurion Bank of Punjab would be the right fit in terms
of culture strategic intent and approach to businessrdquo Mr Aditya Puri Managing
Director HDFC Bank said ldquoThese are exciting times for the Indian banking
industry The proposed merger will position the combined entity to significantly
exploit opportunities in a market globally recognized as one of the fastest growing
27
I‟m particularly bullish about the potential of business synergies and cultural fit
between the two organizations The combined entity will be an even greater force
in the marketrdquo Mr Rana Talwar Chairman Centurion Bank of Punjab stated
ldquoOver the last few years Centurion Bank of Punjab has set benchmarks for growth
The bank today has a large nationwide network an extremely valuable franchise
7500
talented employees and strong leadership positions in the market place I believe
that the merger with HDFC Bank will create a world class bank in quality and
scale and will set the stage to compete with banks both locally as well on a global
levelrdquo
Mr Shailendra Bhandari Managing Director and CEO Centurion Bank of Punjab
said ldquoWe are extremely pleased to receive the go ahead from our board to pursue
this opportunity A merger between the banks provides significant synergies to the
combined entity The proposed merger would further improve the franchise and
customer proposition offered by the individual banksrdquo
QUALITY POLICY
SECURITY The bank provides long term financial security to their policy The
bank does this by offering life insurance and pension products
28
TRUST The bank appreciates the trust placed by their policy holders in the bank
Hence it will aim to manage their investments very carefully and live up to this
trust
INNOVATION Recognizing the different needs of our customers the bank offers
a range of innovative products to meet these needs
INTEGRITY CUSTOMER CENTRIC PEOPLE CARE ldquoONE FOR ALL AND
ALL FOR ONErdquo TEAM WORK JOY AND SIMPLICITY
RESEARCH OBJECTIVES AND SCOPE OF RESEARCH PROJECT
PROBLEM DEFINATION
Personal Banker were with good background human being and through rigorous
process of recruitment but still not able to perform up to the expectation level of
company HR is not able to sort out the problem why the performance is not
coming even after giving the full marketing and operational support The
communication technique and dealing with the customers is also a problem to the
personal banker
OBJECTIVES OF RESEARCH PROJECT
PRIMARY OBJECTIVES
To acquire new customer by convincing them and to promote the benefits of
those which are provided by the bank
29
To find the different way of convincing customers
To study brand image of the bank
To increase the business of the bank
SECONDARY OBJECTIVES
To determine the need and purpose of a personal banker
To understand the deciding criteria for people to become a personal banker
To offer suggestions based upon the findings
PRODUCT SCOPE
Studying the increasing business scope of the bank Market segmentation to find
the potential customers for the bank To study how the various products are
positioned in the market Corporate marketing of products Customers‟ perception
on the various products of the bank
RESEARCH METHODOLOGY AND LIMITATIONS
All the findings and conclusions obtained are based on the survey done in the
working area within the time limit I tried to select the sample representative of the
whole group during my summer training I have collected data from people linked
with different professional at Gorakhpur
30
RESEARCH PLAN
PRELIMINARY INVESTIGATION
In which data on the situation surrounding the problems shall be gathered to
arrive at
The correct definition of the problem An understanding of its environment
EXPLORATORY STUDY
To determine the approximate area where the problem lies
RESEARCH DESIGN
Research was initiated by examining the secondary data to gain insight into the
problem By analyzing the secondary data the study aim is to explore the short
comings of the present system and primary data will help to validate the analysis of
secondary data besides on unrevealing the areas which calls for improvement
DEVELOPING THE RESEARCH PLAN
The data for this research project has been collected through self Administration
Due to time limitation and other constraints direct personal interview method is
31
used A structured questionnaire was framed as it is less time consuming generates
specific and to the point
information easier to tabulate and interpret Moreover respondents prefer to give
direct answers In questionnaires open ended and closed ended both the types of
questions has been used
COLLECTION OF DATA
1 SECONDARY DATA It was collected from internal sources The secondary
data was collected on the basis of organizational file official records news papers
magazines management books preserved information in the company‟s database
and website of the company
2 PRIMARY DATA All the people from different profession were personally
visited and interviewed They were the main source of Primary data The method
of collection of primary data was direct personal interview through a structured
questionnaire
SAMPLING PLAN Since it is not possible to study whole universe it becomes
necessary to take sample from the universe to know about its characteristics
Sampling Units Different professionals Chartered Accountants Tax
Consultants Lawyers Business Man Professionals and House Wives of
Gorakhpur
Sample Technique Random Sampling
32
Research Instrument Structured Questionnaire
Contact Method Personal Interview
SAMPLE SIZE My sample size for this project was 50 respondents Since it was
not possible to cover the whole universe in the available time period it was
necessary for me to take a sample size of 50 respondents
DATA COLLECTION INSTRUMENT DEVELOPMENT The mode of
collection of data will be based on Survey Method and Field Activity Primary data
collection will base on personal interview I have prepared the questionnaire
according to the necessity of the data to be collected
RESEARCH LIMITATIONS
It was not possible to understand thoroughly about the different marketing aspects
of the Financial Consultant within 60 days As stipend money was not given it was
difficult to continue the project work All the work was limited in some limited
areas of Gorakhpur so the findings should not be generalized The area of research
was Gorakhpur and it was too vast an area to cover within 60 days
DATA ANALYSIS INTERPRETATION AND PRESENTATION
Q1Your Age
33
Ans
1 18-23 Years 10 Person
2 24-29 Years 20 Person
3 30-35 Years 10 Person
4 35 Years and above 10 Person
Base 50 respondents
Interpretation From above response it can be seen that
20 respondent‟s age are 18 to 23 years
35 respondent‟s age are 24 to 29 years
30 respondent‟s age are 30 to 35 years
15 respondent‟s age are 35 to above years
Q2 Marital Status
bull Married bull Single
No of Children __________
Ans
Married 32 Person
Single 18 Person
No of Children Nil
Interpretation From above response it can be seen that
70 respondents are married
30 respondents are unmarried
Q3 Educational Qualification
34
Undergraduate
Graduate
Postgraduate
9Ans
Undergraduate 10 Person
Graduate 22 Person
Postgraduate 18 Person
Interpretation From above response it can be seen that
25 respondents are Under graduate
40 respondents are Graduate
35 respondents are Post graduate
Q4 Number Of year‟s Are You in Gorakhpur
Less than five year‟s
More than five year‟s
Ans
Less than five year‟s 17 Person
More than five year‟s 33 Person
Interpretation From above response it can be seen
that
39 respondents are in Gorakhpur for less than five years
61 respondents are in Gorakhpur for more than five years
Q5 Your Occupation
Business
35
Profession
Service
Ans
Business 13 Person
Profession 17 Person
Service 20 Person
Interpretation From above response it can be seen that
20 respondents Occupation is Business
26 respondents Occupation is Profession
54 respondents Occupation is Service
Q6 Your annual household income
Less than 2 lacs
Between 2 to 5 lacs
Between 5to 8 lacs
More than 8 lacs
Ans
Less than 2 lacs 32 Person
Between 2 to 5 lacs 13 Person
Between 5to 8 lacs 3 Person
More than 8 lacs 2 Person
Interpretation From above response it can be seen that
49 respondent‟s annual household income is less than 2 lacs
31 respondent‟s annual household income is between 2 to 5 lacs
15 respondent‟s annual household income is between 5 to 8 lacs
36
5 respondent‟s annual household income is more than 8 lacs
Q7 What is your perception about different productsservices provided by HDFC
bank
Lucrative
Not lucrative
No idea
Ans
Lucrative 12 Person
Not lucrative 33 Person
No idea 5 Person
Interpretation From above response it can be seen that
25 respondent‟s perception about different products is lucrative
60 respondent‟s perception about
different products is not lucrative
15 respondent‟s have no idea
Q8 Do you want to open an account with HDFC bank
Yes
No
Will tell later
Ans
Yes 8 Person
No 5 Person
Will tell later 37 Person
37
Interpretation From above response it can be seen that
80 respondents are not interested to open an account with the bank
5 respondents are interested to open an account with the bank
15 of the respondents say that they will tell later
Q9 Do you have all the documents which are required to open an account
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
60 respondents have all the documents which are required to open an
account with the bank
25 respondents do not have all the documents which are required to open
an account with the bank
Q10 Are you aware that the bank provides you free phone banking amp net banking
services If you open a new savings account with HDFC bank
Yes
No
Ans
Yes 32 Person
No 18 Person
Interpretation From above response it can be seen that
38
20 respondents are aware of it
40 respondents are not aware of it
Q11Are you aware of different terms and conditions which are very much
essential to maintain an account at HDFC Bank
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
12 respondents are familiar with different terms and conditions which are
very much essential to maintain account with the bank
88 respondents have no idea about it
Q13 Do you know about HDFC Bank‟s recruitment policies related to personal
banker
Yes
No
Ans
Yes 38 Person
No 12 Person
Interpretation From above response it can be seen that
41 respondents are known about HDFC Bank‟s recruitment policies
related to personal banker
39
59 respondents are not known about HDFC Bank‟s recruitment policies
related to personal banker
CONCLUSIONS
HDFC Bank the banking arm of HDFC is expected to go on stream The bank
already has good number of employees on board and is recruiting personal banker
heavily to take the headcount to many more It is on the brim of increasing its
customers through its attractive schemes and offer
The project opportunities provided was market segmentation and identifying
prospective customers in potential geographical location and convincing them to
attract more customers so that new business opportunities of the bank can be
explored Through this project it could be concluded that people are not much
aware about the various products of the bank and many of them not interested to
open an account to invest money at all services was considered as unsought good
which require hard core selling but in changing trend in income and people
becoming financially literate the demand for banking sector is increasing day by
day
So at last the conclusion is that there is tough competition ahead for the company
from its major competitors in the banking sector Last but not the least I would like
to thank HDFC Bank for giving me an opportunity to work in the field of
Marketing and Operation I hope the company finds my analysis relevant
40
BIBLIOGRAPHY
1 WEBSITES
wwwhdfcbankcom wwwgooglecom
12
FIVE bdquoS‟
S-1 SORT SEIRI
S-2 SYSTEMATIZE SEITON
S-3 SPIC-N-SPAN SEIRO
S-4 STANDARDIZE SEIKETSU
S-5 SUSTAIN SHITSUKE
1 SORT
It focus on eliminating unnecessary items from the work place It is excellent way
to free up valuable floor space It segregate items as per ldquorequire and wantedrdquo
2 SYSTEMATIZE
Systematize is focus on efficient and effective Storage method That means it
identify organize and arrange retrieval It largely focus on good labeling and
identification practices
Objective ldquoA place for everything and everything in its placerdquo
3 SPIC- n - SPAN
13
Spic-n-Span focuses on regular clearing and self inspection It brings in the sense
of ownership
4 STANDERDIZE
It focuses on simplification and standardization It involves standard rules and
policies It establish checklist to facilitate autonomous maintenance of workplace
It assigns responsibility for doing various jobs and decides on Five S frequency
5 SUSTAIN
It focuses on defining a new status and standard of organized work place Sustain
means regular training to maintain standards developed under S-4 It brings in self-
discipline and commitment towards workplace organization
COLOR CODING
In the HDFC BANK each department has their different color coding apply on the
different file Due to this everyone aware about their particular color file which is
coding on it and they save their valuable time It is a part of Kaizen and also
included in the system of the Five bdquoS‟ Logic behind it that the color coding are
always differentiate the things from the similar one
14
HUMAN
RESOURCES
The Bank‟s staffing
needs continued to
increase during the
year particularly in
the retail banking
businesses in line
with the business growth Total number of employees increased from 14878 as of
March31 2006 to 21477 as of March 31 2008The Bank continues to focus on
training its employees on a continuing basis both on the job and through training
programs conducted by internal and external faculty
The Bank has consistently believed that broader employee ownership of its shares
has a positive impact on its performance and employee motivation The Bank‟s
employee stock option scheme so far covers around 9000 employees
DEPARTMENT
Welcome Desk
Personal Banker
Teller
Relationship Manager
Branch Manager
Demat
Others
15
MANAGEMENT
Mr Jagdish Capoor took over as the banks Chairman in July 2001 Prior to this
Mr Capoor was a Deputy Governor of the Reserve Bank of India The Managing
Director Mr Aditya Puri has been a professional banker for over 25 years and
before joining HDFC Bank in 1994 was heading Citibanks operations in Malaysia
The Banks Board of Directors is composed of eminent individuals with a wealth of
experience in public policy administration industry and commercial banking
Senior executives representing HDFC are also on the Board Senior banking
professionals with substantial experience in India and abroad head various
businesses and functions and report to the Managing Director Given the
professional expertise of the management team and the overall focus on recruiting
and retaining the best talent in the industry the bank believes that its people are a
significant competitive strength
TECHNOLOGY
HDFC Bank operates in a highly automated environment in terms of information
technology and communication systems All the banks branches have online
connectivity which enables the bank to offer speedy funds transfer facilities to its
customers Multi-branch access is also provided to retail customers through the
branch network and Automated Teller Machines (ATMs) The Bank has made
substantial efforts and investments in acquiring the best technology available
internationally to build the infrastructure for a world class bank The Banks
business is supported by scalable and robust systems which ensure that our clients
16
always get the finest services we offer The Bank has prioritized its engagement in
technology and the internet as one of its key goals and has already made significant
progress in web-enabling its core businesses In
each of its businesses the Bank has succeeded in leveraging its market position
expertise and technology to create a competitive advantage and build market share
HDFC BANK business strategy emphasizes the following
Increase market share in India‟s expanding banking and financial services
industry by following a disciplined growth strategy focusing on quality and not
on quantity and delivering high quality customer service Leverage our technology
platform and open scaleable systems to deliver more products to more customers
and to control operating costs Maintain current high standards for asset quality
through disciplined credit risk managementDevelope innovative products and
services that attract the targeted customers and address inefficiencies in the
Indian financial sector Continue to develop products and services that reduce
bank‟s cost of funds Focus on high earnings growth with low volatility
PRODUCT SCOPE
HDFC Bank offers a bunch of products and services to meet the every need of the
people The company cares for both individuals as well as corporate and small and
medium enterprises For individuals the company has a range accounts
investment and pension scheme different types of loans and cards that assist the
17
customers The customers can choose the suitable one from a range of products
which will suit their life-stage and needs For organizations the company has a host
of customized solutions that range from funded services Non-funded services
Value addition services Mutual fund etc These affordable plans apart from
providing long term value to the employees help in enhancing goodwill of the
company The products of the company are categorized into various sections which
are as follows
Accounts and deposits
Loans
Investments and Insurance
Forex and payment services
Cards
Customer center
PRODUCTS AND SERVICES AT A GLANCE
1 PERSONAL BANKING SERVICES
A Accounts amp Deposits
Savings Account
Regular Savings Account
Savings Plus Account
Savings Max Account
18
Senior Citizens Account
No Frills Account
Institutional Savings Account
Payroll Salary Account
Classic Salary Account
Regular Salary Account
Premium Salary Account
Defence Salary Account
Kids Advantage Account
Pension Saving Bank Account
Family Savings Account
Kisan No Frills Savings Account
Kisan Club Savings Account
Current Account
Plus Current Account
Trade Current Account
Premium Current Account
Regular Current Account
Apex Current Account
Max Current Account
Reimbursement Current Account
Fixed Deposit
Regular Fixed Deposit
Super Saver Account
Sweep-in Account
19
Recurring Deposit
Demat Account
Safe Deposit Locker
B Loans
Personal Loans
Home Loans
Two Wheeler Loans
New Car Loans
Used Car Loans
Overdraft against Car
Express Loans
Loan against Securities
Loan against Property
Commercial Vehicle Finance
Working Capital Finance
Construction Equipment Finance
C Investments amp Insurance
Mutual Funds
Insurance
Bonds
Financial Planning
Knowledge Centre
Equities amp Derivatives
20
Mudra Gold Bar
D Forex Services
Trade Finance
Traveler‟s Cheques
Foreign Currency Cash
Foreign Currency Drafts
Foreign Currency Cheque Deposits
Foreign Currency Remittances
Forex Plus Card
E Payment Services
Net Safe
Prepaid Refill
Bill Pay
Direct Pay
Visa Money Transfer
E-Monies Electronic Funds Transfer
Excise amp Service Tax Payment
F Access Your Bank - One View
Insta Alerts
Mobile Banking
ATM
Phone Banking
21
Branch Network
G Cards
Silver Credit Card
Gold Credit Card
Womans Gold Credit Card
Platinum plus Credit Card
Titanium Credit Card
Value plus Credit Card
Health plus Credit Card
HDFC Bank Idea Silver Card
HDFC Bank Idea Gold Card
2 WHOLESALE BANKING SERVICES
Funded Services
Non Funded Services
Value Added Services
Internet Banking
Clearing Sub-Membership
RTGS ndash sub membership
Fund Transfer
ATM Tie-ups
Corporate Salary ac
Tax Collection
Financial Institutions
22
Mutual Funds
Stock Brokers
Insurance Companies
Commodities Business
Trusts
3 NRI BANKING SERVICES
Rupee Saving ac
Rupee Current ac
Rupee Fixed Deposits
Foreign Currency Deposits
Accounts for Returning Indians
Payment Services
Net Safe
Bill Pay
Insta Pay
Direct Pay
Visa Money
Online Donation
Remittances
MILESTONES IN THE HISTORY
23
HDFC Bank began its operations in 1995 with a simple mission to be a World-
class Indian Bank They realized that only a single-minded focus on product
quality and service excellence would help us get there Today they are proud to
say that they are well on our way towards that goal It is extremely gratifying that
their efforts towards providing customer convenience have been appreciated both
nationally and internationally
2009
Asia Money 2009 Awards Best Domestic Bank in India
IBA Banking Technology
Awards 2009
Best IT Governance Award - Runner up
Global Finance Award Best Trade Finance Bank in India for 2009
IDRBT Banking Technology
Excellence Award 2008
Best IT Governance and Value Delivery
Asian Banker Excellence in
Retail Financial Services
Asian Banker Best Retail Bank in India
Award 2009
24
2008
Finance Asia Country Awards
for Achievement 2008
Best Bank and Best Cash Management
Bank
CNN-IBN Indian of the Year (Business)
Nasscom IT User Award 2008 Best IT Adoption in the Banking Sector
Business India Best Bank 2008
Forbes Asia Fab 50 companies in Asia Pacific
Asian Banker Excellence in
Retail Financial Services
Best Retail Bank 2008
Asiamoney Best local Cash Management Bank Award voted
by Corporates
Microsoft amp Indian Express
Group
Security Strategist Award 2008
World Trade Center Award of
honour
For outstanding contribution to international
trade services
Business Today-Monitor
Group survey
One of Indias Most Innovative Companies
Financial Express-Ernst amp
Young Award
Best Bank Award in the Private Sector
category
Global HR Excellence Awards Employer Brand of the Year 2007 -2008
25
- Asia Pacific HRM Congress Award - First Runner up amp many more
Business Today Best Bank Award
2007
Dun amp Bradstreet ndash American
Express Corporate Best Bank
Award 2007
Corporate Best Bank Award
The Bombay Stock Exchange
and Nasscom Foundations
Business for Social
Responsibility Awards 2007
Best Corporate Social Responsibility
Practice Award
Outlook Money amp NDTV
Profit
Best Bank Award in the Private sector
category
The Asian Banker Excellence
in Retail Financial Services
Awards
Best Retail Bank in India
Asian Banker Our Managing Director Aditya Puri wins the
Leadership Achievement Award for India
26
MERGER
HDFC Bank and Centurion Bank of Punjab merger at share swap ratio of 129 The
Boards of HDFC Bank and Centurion Bank of Punjab met on 25 February 2008
and approved subject to due diligence the share swap ratio for the proposed
merger of Centurion Bank of Punjab with HDFC Bank The Scheme of
Amalgamation envisages a share exchange ratio of one share of HDFC Bank for
twenty nine shares of Centurion Bank of Punjab The combined entity would have
a nationwide network of 1148 branches (the largest amongst private sector Banks)
a strong deposit base of around Rs 1200 billion and net advances of around Rs
850billion The balance sheet size of the combined entity would be over Rs 1500
billion Commenting on the proposed merger Mr Deepak Parekh Chairman
HDFC said ldquoWe were amongst the first to get a banking license the first to do a
merger in the private sector with Times Bank in 1999 and now if this deal
happens it would be the largest merger in the private sector banking space in
India HDFC Bank was looking for an appropriate merger opportunity that would
add scale geography and experienced staff to its franchise This opportunity arose
and we thought it is an attractive route to supplement HDFC Bank‟s organic
growth We believe that Centurion Bank of Punjab would be the right fit in terms
of culture strategic intent and approach to businessrdquo Mr Aditya Puri Managing
Director HDFC Bank said ldquoThese are exciting times for the Indian banking
industry The proposed merger will position the combined entity to significantly
exploit opportunities in a market globally recognized as one of the fastest growing
27
I‟m particularly bullish about the potential of business synergies and cultural fit
between the two organizations The combined entity will be an even greater force
in the marketrdquo Mr Rana Talwar Chairman Centurion Bank of Punjab stated
ldquoOver the last few years Centurion Bank of Punjab has set benchmarks for growth
The bank today has a large nationwide network an extremely valuable franchise
7500
talented employees and strong leadership positions in the market place I believe
that the merger with HDFC Bank will create a world class bank in quality and
scale and will set the stage to compete with banks both locally as well on a global
levelrdquo
Mr Shailendra Bhandari Managing Director and CEO Centurion Bank of Punjab
said ldquoWe are extremely pleased to receive the go ahead from our board to pursue
this opportunity A merger between the banks provides significant synergies to the
combined entity The proposed merger would further improve the franchise and
customer proposition offered by the individual banksrdquo
QUALITY POLICY
SECURITY The bank provides long term financial security to their policy The
bank does this by offering life insurance and pension products
28
TRUST The bank appreciates the trust placed by their policy holders in the bank
Hence it will aim to manage their investments very carefully and live up to this
trust
INNOVATION Recognizing the different needs of our customers the bank offers
a range of innovative products to meet these needs
INTEGRITY CUSTOMER CENTRIC PEOPLE CARE ldquoONE FOR ALL AND
ALL FOR ONErdquo TEAM WORK JOY AND SIMPLICITY
RESEARCH OBJECTIVES AND SCOPE OF RESEARCH PROJECT
PROBLEM DEFINATION
Personal Banker were with good background human being and through rigorous
process of recruitment but still not able to perform up to the expectation level of
company HR is not able to sort out the problem why the performance is not
coming even after giving the full marketing and operational support The
communication technique and dealing with the customers is also a problem to the
personal banker
OBJECTIVES OF RESEARCH PROJECT
PRIMARY OBJECTIVES
To acquire new customer by convincing them and to promote the benefits of
those which are provided by the bank
29
To find the different way of convincing customers
To study brand image of the bank
To increase the business of the bank
SECONDARY OBJECTIVES
To determine the need and purpose of a personal banker
To understand the deciding criteria for people to become a personal banker
To offer suggestions based upon the findings
PRODUCT SCOPE
Studying the increasing business scope of the bank Market segmentation to find
the potential customers for the bank To study how the various products are
positioned in the market Corporate marketing of products Customers‟ perception
on the various products of the bank
RESEARCH METHODOLOGY AND LIMITATIONS
All the findings and conclusions obtained are based on the survey done in the
working area within the time limit I tried to select the sample representative of the
whole group during my summer training I have collected data from people linked
with different professional at Gorakhpur
30
RESEARCH PLAN
PRELIMINARY INVESTIGATION
In which data on the situation surrounding the problems shall be gathered to
arrive at
The correct definition of the problem An understanding of its environment
EXPLORATORY STUDY
To determine the approximate area where the problem lies
RESEARCH DESIGN
Research was initiated by examining the secondary data to gain insight into the
problem By analyzing the secondary data the study aim is to explore the short
comings of the present system and primary data will help to validate the analysis of
secondary data besides on unrevealing the areas which calls for improvement
DEVELOPING THE RESEARCH PLAN
The data for this research project has been collected through self Administration
Due to time limitation and other constraints direct personal interview method is
31
used A structured questionnaire was framed as it is less time consuming generates
specific and to the point
information easier to tabulate and interpret Moreover respondents prefer to give
direct answers In questionnaires open ended and closed ended both the types of
questions has been used
COLLECTION OF DATA
1 SECONDARY DATA It was collected from internal sources The secondary
data was collected on the basis of organizational file official records news papers
magazines management books preserved information in the company‟s database
and website of the company
2 PRIMARY DATA All the people from different profession were personally
visited and interviewed They were the main source of Primary data The method
of collection of primary data was direct personal interview through a structured
questionnaire
SAMPLING PLAN Since it is not possible to study whole universe it becomes
necessary to take sample from the universe to know about its characteristics
Sampling Units Different professionals Chartered Accountants Tax
Consultants Lawyers Business Man Professionals and House Wives of
Gorakhpur
Sample Technique Random Sampling
32
Research Instrument Structured Questionnaire
Contact Method Personal Interview
SAMPLE SIZE My sample size for this project was 50 respondents Since it was
not possible to cover the whole universe in the available time period it was
necessary for me to take a sample size of 50 respondents
DATA COLLECTION INSTRUMENT DEVELOPMENT The mode of
collection of data will be based on Survey Method and Field Activity Primary data
collection will base on personal interview I have prepared the questionnaire
according to the necessity of the data to be collected
RESEARCH LIMITATIONS
It was not possible to understand thoroughly about the different marketing aspects
of the Financial Consultant within 60 days As stipend money was not given it was
difficult to continue the project work All the work was limited in some limited
areas of Gorakhpur so the findings should not be generalized The area of research
was Gorakhpur and it was too vast an area to cover within 60 days
DATA ANALYSIS INTERPRETATION AND PRESENTATION
Q1Your Age
33
Ans
1 18-23 Years 10 Person
2 24-29 Years 20 Person
3 30-35 Years 10 Person
4 35 Years and above 10 Person
Base 50 respondents
Interpretation From above response it can be seen that
20 respondent‟s age are 18 to 23 years
35 respondent‟s age are 24 to 29 years
30 respondent‟s age are 30 to 35 years
15 respondent‟s age are 35 to above years
Q2 Marital Status
bull Married bull Single
No of Children __________
Ans
Married 32 Person
Single 18 Person
No of Children Nil
Interpretation From above response it can be seen that
70 respondents are married
30 respondents are unmarried
Q3 Educational Qualification
34
Undergraduate
Graduate
Postgraduate
9Ans
Undergraduate 10 Person
Graduate 22 Person
Postgraduate 18 Person
Interpretation From above response it can be seen that
25 respondents are Under graduate
40 respondents are Graduate
35 respondents are Post graduate
Q4 Number Of year‟s Are You in Gorakhpur
Less than five year‟s
More than five year‟s
Ans
Less than five year‟s 17 Person
More than five year‟s 33 Person
Interpretation From above response it can be seen
that
39 respondents are in Gorakhpur for less than five years
61 respondents are in Gorakhpur for more than five years
Q5 Your Occupation
Business
35
Profession
Service
Ans
Business 13 Person
Profession 17 Person
Service 20 Person
Interpretation From above response it can be seen that
20 respondents Occupation is Business
26 respondents Occupation is Profession
54 respondents Occupation is Service
Q6 Your annual household income
Less than 2 lacs
Between 2 to 5 lacs
Between 5to 8 lacs
More than 8 lacs
Ans
Less than 2 lacs 32 Person
Between 2 to 5 lacs 13 Person
Between 5to 8 lacs 3 Person
More than 8 lacs 2 Person
Interpretation From above response it can be seen that
49 respondent‟s annual household income is less than 2 lacs
31 respondent‟s annual household income is between 2 to 5 lacs
15 respondent‟s annual household income is between 5 to 8 lacs
36
5 respondent‟s annual household income is more than 8 lacs
Q7 What is your perception about different productsservices provided by HDFC
bank
Lucrative
Not lucrative
No idea
Ans
Lucrative 12 Person
Not lucrative 33 Person
No idea 5 Person
Interpretation From above response it can be seen that
25 respondent‟s perception about different products is lucrative
60 respondent‟s perception about
different products is not lucrative
15 respondent‟s have no idea
Q8 Do you want to open an account with HDFC bank
Yes
No
Will tell later
Ans
Yes 8 Person
No 5 Person
Will tell later 37 Person
37
Interpretation From above response it can be seen that
80 respondents are not interested to open an account with the bank
5 respondents are interested to open an account with the bank
15 of the respondents say that they will tell later
Q9 Do you have all the documents which are required to open an account
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
60 respondents have all the documents which are required to open an
account with the bank
25 respondents do not have all the documents which are required to open
an account with the bank
Q10 Are you aware that the bank provides you free phone banking amp net banking
services If you open a new savings account with HDFC bank
Yes
No
Ans
Yes 32 Person
No 18 Person
Interpretation From above response it can be seen that
38
20 respondents are aware of it
40 respondents are not aware of it
Q11Are you aware of different terms and conditions which are very much
essential to maintain an account at HDFC Bank
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
12 respondents are familiar with different terms and conditions which are
very much essential to maintain account with the bank
88 respondents have no idea about it
Q13 Do you know about HDFC Bank‟s recruitment policies related to personal
banker
Yes
No
Ans
Yes 38 Person
No 12 Person
Interpretation From above response it can be seen that
41 respondents are known about HDFC Bank‟s recruitment policies
related to personal banker
39
59 respondents are not known about HDFC Bank‟s recruitment policies
related to personal banker
CONCLUSIONS
HDFC Bank the banking arm of HDFC is expected to go on stream The bank
already has good number of employees on board and is recruiting personal banker
heavily to take the headcount to many more It is on the brim of increasing its
customers through its attractive schemes and offer
The project opportunities provided was market segmentation and identifying
prospective customers in potential geographical location and convincing them to
attract more customers so that new business opportunities of the bank can be
explored Through this project it could be concluded that people are not much
aware about the various products of the bank and many of them not interested to
open an account to invest money at all services was considered as unsought good
which require hard core selling but in changing trend in income and people
becoming financially literate the demand for banking sector is increasing day by
day
So at last the conclusion is that there is tough competition ahead for the company
from its major competitors in the banking sector Last but not the least I would like
to thank HDFC Bank for giving me an opportunity to work in the field of
Marketing and Operation I hope the company finds my analysis relevant
40
BIBLIOGRAPHY
1 WEBSITES
wwwhdfcbankcom wwwgooglecom
13
Spic-n-Span focuses on regular clearing and self inspection It brings in the sense
of ownership
4 STANDERDIZE
It focuses on simplification and standardization It involves standard rules and
policies It establish checklist to facilitate autonomous maintenance of workplace
It assigns responsibility for doing various jobs and decides on Five S frequency
5 SUSTAIN
It focuses on defining a new status and standard of organized work place Sustain
means regular training to maintain standards developed under S-4 It brings in self-
discipline and commitment towards workplace organization
COLOR CODING
In the HDFC BANK each department has their different color coding apply on the
different file Due to this everyone aware about their particular color file which is
coding on it and they save their valuable time It is a part of Kaizen and also
included in the system of the Five bdquoS‟ Logic behind it that the color coding are
always differentiate the things from the similar one
14
HUMAN
RESOURCES
The Bank‟s staffing
needs continued to
increase during the
year particularly in
the retail banking
businesses in line
with the business growth Total number of employees increased from 14878 as of
March31 2006 to 21477 as of March 31 2008The Bank continues to focus on
training its employees on a continuing basis both on the job and through training
programs conducted by internal and external faculty
The Bank has consistently believed that broader employee ownership of its shares
has a positive impact on its performance and employee motivation The Bank‟s
employee stock option scheme so far covers around 9000 employees
DEPARTMENT
Welcome Desk
Personal Banker
Teller
Relationship Manager
Branch Manager
Demat
Others
15
MANAGEMENT
Mr Jagdish Capoor took over as the banks Chairman in July 2001 Prior to this
Mr Capoor was a Deputy Governor of the Reserve Bank of India The Managing
Director Mr Aditya Puri has been a professional banker for over 25 years and
before joining HDFC Bank in 1994 was heading Citibanks operations in Malaysia
The Banks Board of Directors is composed of eminent individuals with a wealth of
experience in public policy administration industry and commercial banking
Senior executives representing HDFC are also on the Board Senior banking
professionals with substantial experience in India and abroad head various
businesses and functions and report to the Managing Director Given the
professional expertise of the management team and the overall focus on recruiting
and retaining the best talent in the industry the bank believes that its people are a
significant competitive strength
TECHNOLOGY
HDFC Bank operates in a highly automated environment in terms of information
technology and communication systems All the banks branches have online
connectivity which enables the bank to offer speedy funds transfer facilities to its
customers Multi-branch access is also provided to retail customers through the
branch network and Automated Teller Machines (ATMs) The Bank has made
substantial efforts and investments in acquiring the best technology available
internationally to build the infrastructure for a world class bank The Banks
business is supported by scalable and robust systems which ensure that our clients
16
always get the finest services we offer The Bank has prioritized its engagement in
technology and the internet as one of its key goals and has already made significant
progress in web-enabling its core businesses In
each of its businesses the Bank has succeeded in leveraging its market position
expertise and technology to create a competitive advantage and build market share
HDFC BANK business strategy emphasizes the following
Increase market share in India‟s expanding banking and financial services
industry by following a disciplined growth strategy focusing on quality and not
on quantity and delivering high quality customer service Leverage our technology
platform and open scaleable systems to deliver more products to more customers
and to control operating costs Maintain current high standards for asset quality
through disciplined credit risk managementDevelope innovative products and
services that attract the targeted customers and address inefficiencies in the
Indian financial sector Continue to develop products and services that reduce
bank‟s cost of funds Focus on high earnings growth with low volatility
PRODUCT SCOPE
HDFC Bank offers a bunch of products and services to meet the every need of the
people The company cares for both individuals as well as corporate and small and
medium enterprises For individuals the company has a range accounts
investment and pension scheme different types of loans and cards that assist the
17
customers The customers can choose the suitable one from a range of products
which will suit their life-stage and needs For organizations the company has a host
of customized solutions that range from funded services Non-funded services
Value addition services Mutual fund etc These affordable plans apart from
providing long term value to the employees help in enhancing goodwill of the
company The products of the company are categorized into various sections which
are as follows
Accounts and deposits
Loans
Investments and Insurance
Forex and payment services
Cards
Customer center
PRODUCTS AND SERVICES AT A GLANCE
1 PERSONAL BANKING SERVICES
A Accounts amp Deposits
Savings Account
Regular Savings Account
Savings Plus Account
Savings Max Account
18
Senior Citizens Account
No Frills Account
Institutional Savings Account
Payroll Salary Account
Classic Salary Account
Regular Salary Account
Premium Salary Account
Defence Salary Account
Kids Advantage Account
Pension Saving Bank Account
Family Savings Account
Kisan No Frills Savings Account
Kisan Club Savings Account
Current Account
Plus Current Account
Trade Current Account
Premium Current Account
Regular Current Account
Apex Current Account
Max Current Account
Reimbursement Current Account
Fixed Deposit
Regular Fixed Deposit
Super Saver Account
Sweep-in Account
19
Recurring Deposit
Demat Account
Safe Deposit Locker
B Loans
Personal Loans
Home Loans
Two Wheeler Loans
New Car Loans
Used Car Loans
Overdraft against Car
Express Loans
Loan against Securities
Loan against Property
Commercial Vehicle Finance
Working Capital Finance
Construction Equipment Finance
C Investments amp Insurance
Mutual Funds
Insurance
Bonds
Financial Planning
Knowledge Centre
Equities amp Derivatives
20
Mudra Gold Bar
D Forex Services
Trade Finance
Traveler‟s Cheques
Foreign Currency Cash
Foreign Currency Drafts
Foreign Currency Cheque Deposits
Foreign Currency Remittances
Forex Plus Card
E Payment Services
Net Safe
Prepaid Refill
Bill Pay
Direct Pay
Visa Money Transfer
E-Monies Electronic Funds Transfer
Excise amp Service Tax Payment
F Access Your Bank - One View
Insta Alerts
Mobile Banking
ATM
Phone Banking
21
Branch Network
G Cards
Silver Credit Card
Gold Credit Card
Womans Gold Credit Card
Platinum plus Credit Card
Titanium Credit Card
Value plus Credit Card
Health plus Credit Card
HDFC Bank Idea Silver Card
HDFC Bank Idea Gold Card
2 WHOLESALE BANKING SERVICES
Funded Services
Non Funded Services
Value Added Services
Internet Banking
Clearing Sub-Membership
RTGS ndash sub membership
Fund Transfer
ATM Tie-ups
Corporate Salary ac
Tax Collection
Financial Institutions
22
Mutual Funds
Stock Brokers
Insurance Companies
Commodities Business
Trusts
3 NRI BANKING SERVICES
Rupee Saving ac
Rupee Current ac
Rupee Fixed Deposits
Foreign Currency Deposits
Accounts for Returning Indians
Payment Services
Net Safe
Bill Pay
Insta Pay
Direct Pay
Visa Money
Online Donation
Remittances
MILESTONES IN THE HISTORY
23
HDFC Bank began its operations in 1995 with a simple mission to be a World-
class Indian Bank They realized that only a single-minded focus on product
quality and service excellence would help us get there Today they are proud to
say that they are well on our way towards that goal It is extremely gratifying that
their efforts towards providing customer convenience have been appreciated both
nationally and internationally
2009
Asia Money 2009 Awards Best Domestic Bank in India
IBA Banking Technology
Awards 2009
Best IT Governance Award - Runner up
Global Finance Award Best Trade Finance Bank in India for 2009
IDRBT Banking Technology
Excellence Award 2008
Best IT Governance and Value Delivery
Asian Banker Excellence in
Retail Financial Services
Asian Banker Best Retail Bank in India
Award 2009
24
2008
Finance Asia Country Awards
for Achievement 2008
Best Bank and Best Cash Management
Bank
CNN-IBN Indian of the Year (Business)
Nasscom IT User Award 2008 Best IT Adoption in the Banking Sector
Business India Best Bank 2008
Forbes Asia Fab 50 companies in Asia Pacific
Asian Banker Excellence in
Retail Financial Services
Best Retail Bank 2008
Asiamoney Best local Cash Management Bank Award voted
by Corporates
Microsoft amp Indian Express
Group
Security Strategist Award 2008
World Trade Center Award of
honour
For outstanding contribution to international
trade services
Business Today-Monitor
Group survey
One of Indias Most Innovative Companies
Financial Express-Ernst amp
Young Award
Best Bank Award in the Private Sector
category
Global HR Excellence Awards Employer Brand of the Year 2007 -2008
25
- Asia Pacific HRM Congress Award - First Runner up amp many more
Business Today Best Bank Award
2007
Dun amp Bradstreet ndash American
Express Corporate Best Bank
Award 2007
Corporate Best Bank Award
The Bombay Stock Exchange
and Nasscom Foundations
Business for Social
Responsibility Awards 2007
Best Corporate Social Responsibility
Practice Award
Outlook Money amp NDTV
Profit
Best Bank Award in the Private sector
category
The Asian Banker Excellence
in Retail Financial Services
Awards
Best Retail Bank in India
Asian Banker Our Managing Director Aditya Puri wins the
Leadership Achievement Award for India
26
MERGER
HDFC Bank and Centurion Bank of Punjab merger at share swap ratio of 129 The
Boards of HDFC Bank and Centurion Bank of Punjab met on 25 February 2008
and approved subject to due diligence the share swap ratio for the proposed
merger of Centurion Bank of Punjab with HDFC Bank The Scheme of
Amalgamation envisages a share exchange ratio of one share of HDFC Bank for
twenty nine shares of Centurion Bank of Punjab The combined entity would have
a nationwide network of 1148 branches (the largest amongst private sector Banks)
a strong deposit base of around Rs 1200 billion and net advances of around Rs
850billion The balance sheet size of the combined entity would be over Rs 1500
billion Commenting on the proposed merger Mr Deepak Parekh Chairman
HDFC said ldquoWe were amongst the first to get a banking license the first to do a
merger in the private sector with Times Bank in 1999 and now if this deal
happens it would be the largest merger in the private sector banking space in
India HDFC Bank was looking for an appropriate merger opportunity that would
add scale geography and experienced staff to its franchise This opportunity arose
and we thought it is an attractive route to supplement HDFC Bank‟s organic
growth We believe that Centurion Bank of Punjab would be the right fit in terms
of culture strategic intent and approach to businessrdquo Mr Aditya Puri Managing
Director HDFC Bank said ldquoThese are exciting times for the Indian banking
industry The proposed merger will position the combined entity to significantly
exploit opportunities in a market globally recognized as one of the fastest growing
27
I‟m particularly bullish about the potential of business synergies and cultural fit
between the two organizations The combined entity will be an even greater force
in the marketrdquo Mr Rana Talwar Chairman Centurion Bank of Punjab stated
ldquoOver the last few years Centurion Bank of Punjab has set benchmarks for growth
The bank today has a large nationwide network an extremely valuable franchise
7500
talented employees and strong leadership positions in the market place I believe
that the merger with HDFC Bank will create a world class bank in quality and
scale and will set the stage to compete with banks both locally as well on a global
levelrdquo
Mr Shailendra Bhandari Managing Director and CEO Centurion Bank of Punjab
said ldquoWe are extremely pleased to receive the go ahead from our board to pursue
this opportunity A merger between the banks provides significant synergies to the
combined entity The proposed merger would further improve the franchise and
customer proposition offered by the individual banksrdquo
QUALITY POLICY
SECURITY The bank provides long term financial security to their policy The
bank does this by offering life insurance and pension products
28
TRUST The bank appreciates the trust placed by their policy holders in the bank
Hence it will aim to manage their investments very carefully and live up to this
trust
INNOVATION Recognizing the different needs of our customers the bank offers
a range of innovative products to meet these needs
INTEGRITY CUSTOMER CENTRIC PEOPLE CARE ldquoONE FOR ALL AND
ALL FOR ONErdquo TEAM WORK JOY AND SIMPLICITY
RESEARCH OBJECTIVES AND SCOPE OF RESEARCH PROJECT
PROBLEM DEFINATION
Personal Banker were with good background human being and through rigorous
process of recruitment but still not able to perform up to the expectation level of
company HR is not able to sort out the problem why the performance is not
coming even after giving the full marketing and operational support The
communication technique and dealing with the customers is also a problem to the
personal banker
OBJECTIVES OF RESEARCH PROJECT
PRIMARY OBJECTIVES
To acquire new customer by convincing them and to promote the benefits of
those which are provided by the bank
29
To find the different way of convincing customers
To study brand image of the bank
To increase the business of the bank
SECONDARY OBJECTIVES
To determine the need and purpose of a personal banker
To understand the deciding criteria for people to become a personal banker
To offer suggestions based upon the findings
PRODUCT SCOPE
Studying the increasing business scope of the bank Market segmentation to find
the potential customers for the bank To study how the various products are
positioned in the market Corporate marketing of products Customers‟ perception
on the various products of the bank
RESEARCH METHODOLOGY AND LIMITATIONS
All the findings and conclusions obtained are based on the survey done in the
working area within the time limit I tried to select the sample representative of the
whole group during my summer training I have collected data from people linked
with different professional at Gorakhpur
30
RESEARCH PLAN
PRELIMINARY INVESTIGATION
In which data on the situation surrounding the problems shall be gathered to
arrive at
The correct definition of the problem An understanding of its environment
EXPLORATORY STUDY
To determine the approximate area where the problem lies
RESEARCH DESIGN
Research was initiated by examining the secondary data to gain insight into the
problem By analyzing the secondary data the study aim is to explore the short
comings of the present system and primary data will help to validate the analysis of
secondary data besides on unrevealing the areas which calls for improvement
DEVELOPING THE RESEARCH PLAN
The data for this research project has been collected through self Administration
Due to time limitation and other constraints direct personal interview method is
31
used A structured questionnaire was framed as it is less time consuming generates
specific and to the point
information easier to tabulate and interpret Moreover respondents prefer to give
direct answers In questionnaires open ended and closed ended both the types of
questions has been used
COLLECTION OF DATA
1 SECONDARY DATA It was collected from internal sources The secondary
data was collected on the basis of organizational file official records news papers
magazines management books preserved information in the company‟s database
and website of the company
2 PRIMARY DATA All the people from different profession were personally
visited and interviewed They were the main source of Primary data The method
of collection of primary data was direct personal interview through a structured
questionnaire
SAMPLING PLAN Since it is not possible to study whole universe it becomes
necessary to take sample from the universe to know about its characteristics
Sampling Units Different professionals Chartered Accountants Tax
Consultants Lawyers Business Man Professionals and House Wives of
Gorakhpur
Sample Technique Random Sampling
32
Research Instrument Structured Questionnaire
Contact Method Personal Interview
SAMPLE SIZE My sample size for this project was 50 respondents Since it was
not possible to cover the whole universe in the available time period it was
necessary for me to take a sample size of 50 respondents
DATA COLLECTION INSTRUMENT DEVELOPMENT The mode of
collection of data will be based on Survey Method and Field Activity Primary data
collection will base on personal interview I have prepared the questionnaire
according to the necessity of the data to be collected
RESEARCH LIMITATIONS
It was not possible to understand thoroughly about the different marketing aspects
of the Financial Consultant within 60 days As stipend money was not given it was
difficult to continue the project work All the work was limited in some limited
areas of Gorakhpur so the findings should not be generalized The area of research
was Gorakhpur and it was too vast an area to cover within 60 days
DATA ANALYSIS INTERPRETATION AND PRESENTATION
Q1Your Age
33
Ans
1 18-23 Years 10 Person
2 24-29 Years 20 Person
3 30-35 Years 10 Person
4 35 Years and above 10 Person
Base 50 respondents
Interpretation From above response it can be seen that
20 respondent‟s age are 18 to 23 years
35 respondent‟s age are 24 to 29 years
30 respondent‟s age are 30 to 35 years
15 respondent‟s age are 35 to above years
Q2 Marital Status
bull Married bull Single
No of Children __________
Ans
Married 32 Person
Single 18 Person
No of Children Nil
Interpretation From above response it can be seen that
70 respondents are married
30 respondents are unmarried
Q3 Educational Qualification
34
Undergraduate
Graduate
Postgraduate
9Ans
Undergraduate 10 Person
Graduate 22 Person
Postgraduate 18 Person
Interpretation From above response it can be seen that
25 respondents are Under graduate
40 respondents are Graduate
35 respondents are Post graduate
Q4 Number Of year‟s Are You in Gorakhpur
Less than five year‟s
More than five year‟s
Ans
Less than five year‟s 17 Person
More than five year‟s 33 Person
Interpretation From above response it can be seen
that
39 respondents are in Gorakhpur for less than five years
61 respondents are in Gorakhpur for more than five years
Q5 Your Occupation
Business
35
Profession
Service
Ans
Business 13 Person
Profession 17 Person
Service 20 Person
Interpretation From above response it can be seen that
20 respondents Occupation is Business
26 respondents Occupation is Profession
54 respondents Occupation is Service
Q6 Your annual household income
Less than 2 lacs
Between 2 to 5 lacs
Between 5to 8 lacs
More than 8 lacs
Ans
Less than 2 lacs 32 Person
Between 2 to 5 lacs 13 Person
Between 5to 8 lacs 3 Person
More than 8 lacs 2 Person
Interpretation From above response it can be seen that
49 respondent‟s annual household income is less than 2 lacs
31 respondent‟s annual household income is between 2 to 5 lacs
15 respondent‟s annual household income is between 5 to 8 lacs
36
5 respondent‟s annual household income is more than 8 lacs
Q7 What is your perception about different productsservices provided by HDFC
bank
Lucrative
Not lucrative
No idea
Ans
Lucrative 12 Person
Not lucrative 33 Person
No idea 5 Person
Interpretation From above response it can be seen that
25 respondent‟s perception about different products is lucrative
60 respondent‟s perception about
different products is not lucrative
15 respondent‟s have no idea
Q8 Do you want to open an account with HDFC bank
Yes
No
Will tell later
Ans
Yes 8 Person
No 5 Person
Will tell later 37 Person
37
Interpretation From above response it can be seen that
80 respondents are not interested to open an account with the bank
5 respondents are interested to open an account with the bank
15 of the respondents say that they will tell later
Q9 Do you have all the documents which are required to open an account
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
60 respondents have all the documents which are required to open an
account with the bank
25 respondents do not have all the documents which are required to open
an account with the bank
Q10 Are you aware that the bank provides you free phone banking amp net banking
services If you open a new savings account with HDFC bank
Yes
No
Ans
Yes 32 Person
No 18 Person
Interpretation From above response it can be seen that
38
20 respondents are aware of it
40 respondents are not aware of it
Q11Are you aware of different terms and conditions which are very much
essential to maintain an account at HDFC Bank
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
12 respondents are familiar with different terms and conditions which are
very much essential to maintain account with the bank
88 respondents have no idea about it
Q13 Do you know about HDFC Bank‟s recruitment policies related to personal
banker
Yes
No
Ans
Yes 38 Person
No 12 Person
Interpretation From above response it can be seen that
41 respondents are known about HDFC Bank‟s recruitment policies
related to personal banker
39
59 respondents are not known about HDFC Bank‟s recruitment policies
related to personal banker
CONCLUSIONS
HDFC Bank the banking arm of HDFC is expected to go on stream The bank
already has good number of employees on board and is recruiting personal banker
heavily to take the headcount to many more It is on the brim of increasing its
customers through its attractive schemes and offer
The project opportunities provided was market segmentation and identifying
prospective customers in potential geographical location and convincing them to
attract more customers so that new business opportunities of the bank can be
explored Through this project it could be concluded that people are not much
aware about the various products of the bank and many of them not interested to
open an account to invest money at all services was considered as unsought good
which require hard core selling but in changing trend in income and people
becoming financially literate the demand for banking sector is increasing day by
day
So at last the conclusion is that there is tough competition ahead for the company
from its major competitors in the banking sector Last but not the least I would like
to thank HDFC Bank for giving me an opportunity to work in the field of
Marketing and Operation I hope the company finds my analysis relevant
40
BIBLIOGRAPHY
1 WEBSITES
wwwhdfcbankcom wwwgooglecom
14
HUMAN
RESOURCES
The Bank‟s staffing
needs continued to
increase during the
year particularly in
the retail banking
businesses in line
with the business growth Total number of employees increased from 14878 as of
March31 2006 to 21477 as of March 31 2008The Bank continues to focus on
training its employees on a continuing basis both on the job and through training
programs conducted by internal and external faculty
The Bank has consistently believed that broader employee ownership of its shares
has a positive impact on its performance and employee motivation The Bank‟s
employee stock option scheme so far covers around 9000 employees
DEPARTMENT
Welcome Desk
Personal Banker
Teller
Relationship Manager
Branch Manager
Demat
Others
15
MANAGEMENT
Mr Jagdish Capoor took over as the banks Chairman in July 2001 Prior to this
Mr Capoor was a Deputy Governor of the Reserve Bank of India The Managing
Director Mr Aditya Puri has been a professional banker for over 25 years and
before joining HDFC Bank in 1994 was heading Citibanks operations in Malaysia
The Banks Board of Directors is composed of eminent individuals with a wealth of
experience in public policy administration industry and commercial banking
Senior executives representing HDFC are also on the Board Senior banking
professionals with substantial experience in India and abroad head various
businesses and functions and report to the Managing Director Given the
professional expertise of the management team and the overall focus on recruiting
and retaining the best talent in the industry the bank believes that its people are a
significant competitive strength
TECHNOLOGY
HDFC Bank operates in a highly automated environment in terms of information
technology and communication systems All the banks branches have online
connectivity which enables the bank to offer speedy funds transfer facilities to its
customers Multi-branch access is also provided to retail customers through the
branch network and Automated Teller Machines (ATMs) The Bank has made
substantial efforts and investments in acquiring the best technology available
internationally to build the infrastructure for a world class bank The Banks
business is supported by scalable and robust systems which ensure that our clients
16
always get the finest services we offer The Bank has prioritized its engagement in
technology and the internet as one of its key goals and has already made significant
progress in web-enabling its core businesses In
each of its businesses the Bank has succeeded in leveraging its market position
expertise and technology to create a competitive advantage and build market share
HDFC BANK business strategy emphasizes the following
Increase market share in India‟s expanding banking and financial services
industry by following a disciplined growth strategy focusing on quality and not
on quantity and delivering high quality customer service Leverage our technology
platform and open scaleable systems to deliver more products to more customers
and to control operating costs Maintain current high standards for asset quality
through disciplined credit risk managementDevelope innovative products and
services that attract the targeted customers and address inefficiencies in the
Indian financial sector Continue to develop products and services that reduce
bank‟s cost of funds Focus on high earnings growth with low volatility
PRODUCT SCOPE
HDFC Bank offers a bunch of products and services to meet the every need of the
people The company cares for both individuals as well as corporate and small and
medium enterprises For individuals the company has a range accounts
investment and pension scheme different types of loans and cards that assist the
17
customers The customers can choose the suitable one from a range of products
which will suit their life-stage and needs For organizations the company has a host
of customized solutions that range from funded services Non-funded services
Value addition services Mutual fund etc These affordable plans apart from
providing long term value to the employees help in enhancing goodwill of the
company The products of the company are categorized into various sections which
are as follows
Accounts and deposits
Loans
Investments and Insurance
Forex and payment services
Cards
Customer center
PRODUCTS AND SERVICES AT A GLANCE
1 PERSONAL BANKING SERVICES
A Accounts amp Deposits
Savings Account
Regular Savings Account
Savings Plus Account
Savings Max Account
18
Senior Citizens Account
No Frills Account
Institutional Savings Account
Payroll Salary Account
Classic Salary Account
Regular Salary Account
Premium Salary Account
Defence Salary Account
Kids Advantage Account
Pension Saving Bank Account
Family Savings Account
Kisan No Frills Savings Account
Kisan Club Savings Account
Current Account
Plus Current Account
Trade Current Account
Premium Current Account
Regular Current Account
Apex Current Account
Max Current Account
Reimbursement Current Account
Fixed Deposit
Regular Fixed Deposit
Super Saver Account
Sweep-in Account
19
Recurring Deposit
Demat Account
Safe Deposit Locker
B Loans
Personal Loans
Home Loans
Two Wheeler Loans
New Car Loans
Used Car Loans
Overdraft against Car
Express Loans
Loan against Securities
Loan against Property
Commercial Vehicle Finance
Working Capital Finance
Construction Equipment Finance
C Investments amp Insurance
Mutual Funds
Insurance
Bonds
Financial Planning
Knowledge Centre
Equities amp Derivatives
20
Mudra Gold Bar
D Forex Services
Trade Finance
Traveler‟s Cheques
Foreign Currency Cash
Foreign Currency Drafts
Foreign Currency Cheque Deposits
Foreign Currency Remittances
Forex Plus Card
E Payment Services
Net Safe
Prepaid Refill
Bill Pay
Direct Pay
Visa Money Transfer
E-Monies Electronic Funds Transfer
Excise amp Service Tax Payment
F Access Your Bank - One View
Insta Alerts
Mobile Banking
ATM
Phone Banking
21
Branch Network
G Cards
Silver Credit Card
Gold Credit Card
Womans Gold Credit Card
Platinum plus Credit Card
Titanium Credit Card
Value plus Credit Card
Health plus Credit Card
HDFC Bank Idea Silver Card
HDFC Bank Idea Gold Card
2 WHOLESALE BANKING SERVICES
Funded Services
Non Funded Services
Value Added Services
Internet Banking
Clearing Sub-Membership
RTGS ndash sub membership
Fund Transfer
ATM Tie-ups
Corporate Salary ac
Tax Collection
Financial Institutions
22
Mutual Funds
Stock Brokers
Insurance Companies
Commodities Business
Trusts
3 NRI BANKING SERVICES
Rupee Saving ac
Rupee Current ac
Rupee Fixed Deposits
Foreign Currency Deposits
Accounts for Returning Indians
Payment Services
Net Safe
Bill Pay
Insta Pay
Direct Pay
Visa Money
Online Donation
Remittances
MILESTONES IN THE HISTORY
23
HDFC Bank began its operations in 1995 with a simple mission to be a World-
class Indian Bank They realized that only a single-minded focus on product
quality and service excellence would help us get there Today they are proud to
say that they are well on our way towards that goal It is extremely gratifying that
their efforts towards providing customer convenience have been appreciated both
nationally and internationally
2009
Asia Money 2009 Awards Best Domestic Bank in India
IBA Banking Technology
Awards 2009
Best IT Governance Award - Runner up
Global Finance Award Best Trade Finance Bank in India for 2009
IDRBT Banking Technology
Excellence Award 2008
Best IT Governance and Value Delivery
Asian Banker Excellence in
Retail Financial Services
Asian Banker Best Retail Bank in India
Award 2009
24
2008
Finance Asia Country Awards
for Achievement 2008
Best Bank and Best Cash Management
Bank
CNN-IBN Indian of the Year (Business)
Nasscom IT User Award 2008 Best IT Adoption in the Banking Sector
Business India Best Bank 2008
Forbes Asia Fab 50 companies in Asia Pacific
Asian Banker Excellence in
Retail Financial Services
Best Retail Bank 2008
Asiamoney Best local Cash Management Bank Award voted
by Corporates
Microsoft amp Indian Express
Group
Security Strategist Award 2008
World Trade Center Award of
honour
For outstanding contribution to international
trade services
Business Today-Monitor
Group survey
One of Indias Most Innovative Companies
Financial Express-Ernst amp
Young Award
Best Bank Award in the Private Sector
category
Global HR Excellence Awards Employer Brand of the Year 2007 -2008
25
- Asia Pacific HRM Congress Award - First Runner up amp many more
Business Today Best Bank Award
2007
Dun amp Bradstreet ndash American
Express Corporate Best Bank
Award 2007
Corporate Best Bank Award
The Bombay Stock Exchange
and Nasscom Foundations
Business for Social
Responsibility Awards 2007
Best Corporate Social Responsibility
Practice Award
Outlook Money amp NDTV
Profit
Best Bank Award in the Private sector
category
The Asian Banker Excellence
in Retail Financial Services
Awards
Best Retail Bank in India
Asian Banker Our Managing Director Aditya Puri wins the
Leadership Achievement Award for India
26
MERGER
HDFC Bank and Centurion Bank of Punjab merger at share swap ratio of 129 The
Boards of HDFC Bank and Centurion Bank of Punjab met on 25 February 2008
and approved subject to due diligence the share swap ratio for the proposed
merger of Centurion Bank of Punjab with HDFC Bank The Scheme of
Amalgamation envisages a share exchange ratio of one share of HDFC Bank for
twenty nine shares of Centurion Bank of Punjab The combined entity would have
a nationwide network of 1148 branches (the largest amongst private sector Banks)
a strong deposit base of around Rs 1200 billion and net advances of around Rs
850billion The balance sheet size of the combined entity would be over Rs 1500
billion Commenting on the proposed merger Mr Deepak Parekh Chairman
HDFC said ldquoWe were amongst the first to get a banking license the first to do a
merger in the private sector with Times Bank in 1999 and now if this deal
happens it would be the largest merger in the private sector banking space in
India HDFC Bank was looking for an appropriate merger opportunity that would
add scale geography and experienced staff to its franchise This opportunity arose
and we thought it is an attractive route to supplement HDFC Bank‟s organic
growth We believe that Centurion Bank of Punjab would be the right fit in terms
of culture strategic intent and approach to businessrdquo Mr Aditya Puri Managing
Director HDFC Bank said ldquoThese are exciting times for the Indian banking
industry The proposed merger will position the combined entity to significantly
exploit opportunities in a market globally recognized as one of the fastest growing
27
I‟m particularly bullish about the potential of business synergies and cultural fit
between the two organizations The combined entity will be an even greater force
in the marketrdquo Mr Rana Talwar Chairman Centurion Bank of Punjab stated
ldquoOver the last few years Centurion Bank of Punjab has set benchmarks for growth
The bank today has a large nationwide network an extremely valuable franchise
7500
talented employees and strong leadership positions in the market place I believe
that the merger with HDFC Bank will create a world class bank in quality and
scale and will set the stage to compete with banks both locally as well on a global
levelrdquo
Mr Shailendra Bhandari Managing Director and CEO Centurion Bank of Punjab
said ldquoWe are extremely pleased to receive the go ahead from our board to pursue
this opportunity A merger between the banks provides significant synergies to the
combined entity The proposed merger would further improve the franchise and
customer proposition offered by the individual banksrdquo
QUALITY POLICY
SECURITY The bank provides long term financial security to their policy The
bank does this by offering life insurance and pension products
28
TRUST The bank appreciates the trust placed by their policy holders in the bank
Hence it will aim to manage their investments very carefully and live up to this
trust
INNOVATION Recognizing the different needs of our customers the bank offers
a range of innovative products to meet these needs
INTEGRITY CUSTOMER CENTRIC PEOPLE CARE ldquoONE FOR ALL AND
ALL FOR ONErdquo TEAM WORK JOY AND SIMPLICITY
RESEARCH OBJECTIVES AND SCOPE OF RESEARCH PROJECT
PROBLEM DEFINATION
Personal Banker were with good background human being and through rigorous
process of recruitment but still not able to perform up to the expectation level of
company HR is not able to sort out the problem why the performance is not
coming even after giving the full marketing and operational support The
communication technique and dealing with the customers is also a problem to the
personal banker
OBJECTIVES OF RESEARCH PROJECT
PRIMARY OBJECTIVES
To acquire new customer by convincing them and to promote the benefits of
those which are provided by the bank
29
To find the different way of convincing customers
To study brand image of the bank
To increase the business of the bank
SECONDARY OBJECTIVES
To determine the need and purpose of a personal banker
To understand the deciding criteria for people to become a personal banker
To offer suggestions based upon the findings
PRODUCT SCOPE
Studying the increasing business scope of the bank Market segmentation to find
the potential customers for the bank To study how the various products are
positioned in the market Corporate marketing of products Customers‟ perception
on the various products of the bank
RESEARCH METHODOLOGY AND LIMITATIONS
All the findings and conclusions obtained are based on the survey done in the
working area within the time limit I tried to select the sample representative of the
whole group during my summer training I have collected data from people linked
with different professional at Gorakhpur
30
RESEARCH PLAN
PRELIMINARY INVESTIGATION
In which data on the situation surrounding the problems shall be gathered to
arrive at
The correct definition of the problem An understanding of its environment
EXPLORATORY STUDY
To determine the approximate area where the problem lies
RESEARCH DESIGN
Research was initiated by examining the secondary data to gain insight into the
problem By analyzing the secondary data the study aim is to explore the short
comings of the present system and primary data will help to validate the analysis of
secondary data besides on unrevealing the areas which calls for improvement
DEVELOPING THE RESEARCH PLAN
The data for this research project has been collected through self Administration
Due to time limitation and other constraints direct personal interview method is
31
used A structured questionnaire was framed as it is less time consuming generates
specific and to the point
information easier to tabulate and interpret Moreover respondents prefer to give
direct answers In questionnaires open ended and closed ended both the types of
questions has been used
COLLECTION OF DATA
1 SECONDARY DATA It was collected from internal sources The secondary
data was collected on the basis of organizational file official records news papers
magazines management books preserved information in the company‟s database
and website of the company
2 PRIMARY DATA All the people from different profession were personally
visited and interviewed They were the main source of Primary data The method
of collection of primary data was direct personal interview through a structured
questionnaire
SAMPLING PLAN Since it is not possible to study whole universe it becomes
necessary to take sample from the universe to know about its characteristics
Sampling Units Different professionals Chartered Accountants Tax
Consultants Lawyers Business Man Professionals and House Wives of
Gorakhpur
Sample Technique Random Sampling
32
Research Instrument Structured Questionnaire
Contact Method Personal Interview
SAMPLE SIZE My sample size for this project was 50 respondents Since it was
not possible to cover the whole universe in the available time period it was
necessary for me to take a sample size of 50 respondents
DATA COLLECTION INSTRUMENT DEVELOPMENT The mode of
collection of data will be based on Survey Method and Field Activity Primary data
collection will base on personal interview I have prepared the questionnaire
according to the necessity of the data to be collected
RESEARCH LIMITATIONS
It was not possible to understand thoroughly about the different marketing aspects
of the Financial Consultant within 60 days As stipend money was not given it was
difficult to continue the project work All the work was limited in some limited
areas of Gorakhpur so the findings should not be generalized The area of research
was Gorakhpur and it was too vast an area to cover within 60 days
DATA ANALYSIS INTERPRETATION AND PRESENTATION
Q1Your Age
33
Ans
1 18-23 Years 10 Person
2 24-29 Years 20 Person
3 30-35 Years 10 Person
4 35 Years and above 10 Person
Base 50 respondents
Interpretation From above response it can be seen that
20 respondent‟s age are 18 to 23 years
35 respondent‟s age are 24 to 29 years
30 respondent‟s age are 30 to 35 years
15 respondent‟s age are 35 to above years
Q2 Marital Status
bull Married bull Single
No of Children __________
Ans
Married 32 Person
Single 18 Person
No of Children Nil
Interpretation From above response it can be seen that
70 respondents are married
30 respondents are unmarried
Q3 Educational Qualification
34
Undergraduate
Graduate
Postgraduate
9Ans
Undergraduate 10 Person
Graduate 22 Person
Postgraduate 18 Person
Interpretation From above response it can be seen that
25 respondents are Under graduate
40 respondents are Graduate
35 respondents are Post graduate
Q4 Number Of year‟s Are You in Gorakhpur
Less than five year‟s
More than five year‟s
Ans
Less than five year‟s 17 Person
More than five year‟s 33 Person
Interpretation From above response it can be seen
that
39 respondents are in Gorakhpur for less than five years
61 respondents are in Gorakhpur for more than five years
Q5 Your Occupation
Business
35
Profession
Service
Ans
Business 13 Person
Profession 17 Person
Service 20 Person
Interpretation From above response it can be seen that
20 respondents Occupation is Business
26 respondents Occupation is Profession
54 respondents Occupation is Service
Q6 Your annual household income
Less than 2 lacs
Between 2 to 5 lacs
Between 5to 8 lacs
More than 8 lacs
Ans
Less than 2 lacs 32 Person
Between 2 to 5 lacs 13 Person
Between 5to 8 lacs 3 Person
More than 8 lacs 2 Person
Interpretation From above response it can be seen that
49 respondent‟s annual household income is less than 2 lacs
31 respondent‟s annual household income is between 2 to 5 lacs
15 respondent‟s annual household income is between 5 to 8 lacs
36
5 respondent‟s annual household income is more than 8 lacs
Q7 What is your perception about different productsservices provided by HDFC
bank
Lucrative
Not lucrative
No idea
Ans
Lucrative 12 Person
Not lucrative 33 Person
No idea 5 Person
Interpretation From above response it can be seen that
25 respondent‟s perception about different products is lucrative
60 respondent‟s perception about
different products is not lucrative
15 respondent‟s have no idea
Q8 Do you want to open an account with HDFC bank
Yes
No
Will tell later
Ans
Yes 8 Person
No 5 Person
Will tell later 37 Person
37
Interpretation From above response it can be seen that
80 respondents are not interested to open an account with the bank
5 respondents are interested to open an account with the bank
15 of the respondents say that they will tell later
Q9 Do you have all the documents which are required to open an account
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
60 respondents have all the documents which are required to open an
account with the bank
25 respondents do not have all the documents which are required to open
an account with the bank
Q10 Are you aware that the bank provides you free phone banking amp net banking
services If you open a new savings account with HDFC bank
Yes
No
Ans
Yes 32 Person
No 18 Person
Interpretation From above response it can be seen that
38
20 respondents are aware of it
40 respondents are not aware of it
Q11Are you aware of different terms and conditions which are very much
essential to maintain an account at HDFC Bank
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
12 respondents are familiar with different terms and conditions which are
very much essential to maintain account with the bank
88 respondents have no idea about it
Q13 Do you know about HDFC Bank‟s recruitment policies related to personal
banker
Yes
No
Ans
Yes 38 Person
No 12 Person
Interpretation From above response it can be seen that
41 respondents are known about HDFC Bank‟s recruitment policies
related to personal banker
39
59 respondents are not known about HDFC Bank‟s recruitment policies
related to personal banker
CONCLUSIONS
HDFC Bank the banking arm of HDFC is expected to go on stream The bank
already has good number of employees on board and is recruiting personal banker
heavily to take the headcount to many more It is on the brim of increasing its
customers through its attractive schemes and offer
The project opportunities provided was market segmentation and identifying
prospective customers in potential geographical location and convincing them to
attract more customers so that new business opportunities of the bank can be
explored Through this project it could be concluded that people are not much
aware about the various products of the bank and many of them not interested to
open an account to invest money at all services was considered as unsought good
which require hard core selling but in changing trend in income and people
becoming financially literate the demand for banking sector is increasing day by
day
So at last the conclusion is that there is tough competition ahead for the company
from its major competitors in the banking sector Last but not the least I would like
to thank HDFC Bank for giving me an opportunity to work in the field of
Marketing and Operation I hope the company finds my analysis relevant
40
BIBLIOGRAPHY
1 WEBSITES
wwwhdfcbankcom wwwgooglecom
15
MANAGEMENT
Mr Jagdish Capoor took over as the banks Chairman in July 2001 Prior to this
Mr Capoor was a Deputy Governor of the Reserve Bank of India The Managing
Director Mr Aditya Puri has been a professional banker for over 25 years and
before joining HDFC Bank in 1994 was heading Citibanks operations in Malaysia
The Banks Board of Directors is composed of eminent individuals with a wealth of
experience in public policy administration industry and commercial banking
Senior executives representing HDFC are also on the Board Senior banking
professionals with substantial experience in India and abroad head various
businesses and functions and report to the Managing Director Given the
professional expertise of the management team and the overall focus on recruiting
and retaining the best talent in the industry the bank believes that its people are a
significant competitive strength
TECHNOLOGY
HDFC Bank operates in a highly automated environment in terms of information
technology and communication systems All the banks branches have online
connectivity which enables the bank to offer speedy funds transfer facilities to its
customers Multi-branch access is also provided to retail customers through the
branch network and Automated Teller Machines (ATMs) The Bank has made
substantial efforts and investments in acquiring the best technology available
internationally to build the infrastructure for a world class bank The Banks
business is supported by scalable and robust systems which ensure that our clients
16
always get the finest services we offer The Bank has prioritized its engagement in
technology and the internet as one of its key goals and has already made significant
progress in web-enabling its core businesses In
each of its businesses the Bank has succeeded in leveraging its market position
expertise and technology to create a competitive advantage and build market share
HDFC BANK business strategy emphasizes the following
Increase market share in India‟s expanding banking and financial services
industry by following a disciplined growth strategy focusing on quality and not
on quantity and delivering high quality customer service Leverage our technology
platform and open scaleable systems to deliver more products to more customers
and to control operating costs Maintain current high standards for asset quality
through disciplined credit risk managementDevelope innovative products and
services that attract the targeted customers and address inefficiencies in the
Indian financial sector Continue to develop products and services that reduce
bank‟s cost of funds Focus on high earnings growth with low volatility
PRODUCT SCOPE
HDFC Bank offers a bunch of products and services to meet the every need of the
people The company cares for both individuals as well as corporate and small and
medium enterprises For individuals the company has a range accounts
investment and pension scheme different types of loans and cards that assist the
17
customers The customers can choose the suitable one from a range of products
which will suit their life-stage and needs For organizations the company has a host
of customized solutions that range from funded services Non-funded services
Value addition services Mutual fund etc These affordable plans apart from
providing long term value to the employees help in enhancing goodwill of the
company The products of the company are categorized into various sections which
are as follows
Accounts and deposits
Loans
Investments and Insurance
Forex and payment services
Cards
Customer center
PRODUCTS AND SERVICES AT A GLANCE
1 PERSONAL BANKING SERVICES
A Accounts amp Deposits
Savings Account
Regular Savings Account
Savings Plus Account
Savings Max Account
18
Senior Citizens Account
No Frills Account
Institutional Savings Account
Payroll Salary Account
Classic Salary Account
Regular Salary Account
Premium Salary Account
Defence Salary Account
Kids Advantage Account
Pension Saving Bank Account
Family Savings Account
Kisan No Frills Savings Account
Kisan Club Savings Account
Current Account
Plus Current Account
Trade Current Account
Premium Current Account
Regular Current Account
Apex Current Account
Max Current Account
Reimbursement Current Account
Fixed Deposit
Regular Fixed Deposit
Super Saver Account
Sweep-in Account
19
Recurring Deposit
Demat Account
Safe Deposit Locker
B Loans
Personal Loans
Home Loans
Two Wheeler Loans
New Car Loans
Used Car Loans
Overdraft against Car
Express Loans
Loan against Securities
Loan against Property
Commercial Vehicle Finance
Working Capital Finance
Construction Equipment Finance
C Investments amp Insurance
Mutual Funds
Insurance
Bonds
Financial Planning
Knowledge Centre
Equities amp Derivatives
20
Mudra Gold Bar
D Forex Services
Trade Finance
Traveler‟s Cheques
Foreign Currency Cash
Foreign Currency Drafts
Foreign Currency Cheque Deposits
Foreign Currency Remittances
Forex Plus Card
E Payment Services
Net Safe
Prepaid Refill
Bill Pay
Direct Pay
Visa Money Transfer
E-Monies Electronic Funds Transfer
Excise amp Service Tax Payment
F Access Your Bank - One View
Insta Alerts
Mobile Banking
ATM
Phone Banking
21
Branch Network
G Cards
Silver Credit Card
Gold Credit Card
Womans Gold Credit Card
Platinum plus Credit Card
Titanium Credit Card
Value plus Credit Card
Health plus Credit Card
HDFC Bank Idea Silver Card
HDFC Bank Idea Gold Card
2 WHOLESALE BANKING SERVICES
Funded Services
Non Funded Services
Value Added Services
Internet Banking
Clearing Sub-Membership
RTGS ndash sub membership
Fund Transfer
ATM Tie-ups
Corporate Salary ac
Tax Collection
Financial Institutions
22
Mutual Funds
Stock Brokers
Insurance Companies
Commodities Business
Trusts
3 NRI BANKING SERVICES
Rupee Saving ac
Rupee Current ac
Rupee Fixed Deposits
Foreign Currency Deposits
Accounts for Returning Indians
Payment Services
Net Safe
Bill Pay
Insta Pay
Direct Pay
Visa Money
Online Donation
Remittances
MILESTONES IN THE HISTORY
23
HDFC Bank began its operations in 1995 with a simple mission to be a World-
class Indian Bank They realized that only a single-minded focus on product
quality and service excellence would help us get there Today they are proud to
say that they are well on our way towards that goal It is extremely gratifying that
their efforts towards providing customer convenience have been appreciated both
nationally and internationally
2009
Asia Money 2009 Awards Best Domestic Bank in India
IBA Banking Technology
Awards 2009
Best IT Governance Award - Runner up
Global Finance Award Best Trade Finance Bank in India for 2009
IDRBT Banking Technology
Excellence Award 2008
Best IT Governance and Value Delivery
Asian Banker Excellence in
Retail Financial Services
Asian Banker Best Retail Bank in India
Award 2009
24
2008
Finance Asia Country Awards
for Achievement 2008
Best Bank and Best Cash Management
Bank
CNN-IBN Indian of the Year (Business)
Nasscom IT User Award 2008 Best IT Adoption in the Banking Sector
Business India Best Bank 2008
Forbes Asia Fab 50 companies in Asia Pacific
Asian Banker Excellence in
Retail Financial Services
Best Retail Bank 2008
Asiamoney Best local Cash Management Bank Award voted
by Corporates
Microsoft amp Indian Express
Group
Security Strategist Award 2008
World Trade Center Award of
honour
For outstanding contribution to international
trade services
Business Today-Monitor
Group survey
One of Indias Most Innovative Companies
Financial Express-Ernst amp
Young Award
Best Bank Award in the Private Sector
category
Global HR Excellence Awards Employer Brand of the Year 2007 -2008
25
- Asia Pacific HRM Congress Award - First Runner up amp many more
Business Today Best Bank Award
2007
Dun amp Bradstreet ndash American
Express Corporate Best Bank
Award 2007
Corporate Best Bank Award
The Bombay Stock Exchange
and Nasscom Foundations
Business for Social
Responsibility Awards 2007
Best Corporate Social Responsibility
Practice Award
Outlook Money amp NDTV
Profit
Best Bank Award in the Private sector
category
The Asian Banker Excellence
in Retail Financial Services
Awards
Best Retail Bank in India
Asian Banker Our Managing Director Aditya Puri wins the
Leadership Achievement Award for India
26
MERGER
HDFC Bank and Centurion Bank of Punjab merger at share swap ratio of 129 The
Boards of HDFC Bank and Centurion Bank of Punjab met on 25 February 2008
and approved subject to due diligence the share swap ratio for the proposed
merger of Centurion Bank of Punjab with HDFC Bank The Scheme of
Amalgamation envisages a share exchange ratio of one share of HDFC Bank for
twenty nine shares of Centurion Bank of Punjab The combined entity would have
a nationwide network of 1148 branches (the largest amongst private sector Banks)
a strong deposit base of around Rs 1200 billion and net advances of around Rs
850billion The balance sheet size of the combined entity would be over Rs 1500
billion Commenting on the proposed merger Mr Deepak Parekh Chairman
HDFC said ldquoWe were amongst the first to get a banking license the first to do a
merger in the private sector with Times Bank in 1999 and now if this deal
happens it would be the largest merger in the private sector banking space in
India HDFC Bank was looking for an appropriate merger opportunity that would
add scale geography and experienced staff to its franchise This opportunity arose
and we thought it is an attractive route to supplement HDFC Bank‟s organic
growth We believe that Centurion Bank of Punjab would be the right fit in terms
of culture strategic intent and approach to businessrdquo Mr Aditya Puri Managing
Director HDFC Bank said ldquoThese are exciting times for the Indian banking
industry The proposed merger will position the combined entity to significantly
exploit opportunities in a market globally recognized as one of the fastest growing
27
I‟m particularly bullish about the potential of business synergies and cultural fit
between the two organizations The combined entity will be an even greater force
in the marketrdquo Mr Rana Talwar Chairman Centurion Bank of Punjab stated
ldquoOver the last few years Centurion Bank of Punjab has set benchmarks for growth
The bank today has a large nationwide network an extremely valuable franchise
7500
talented employees and strong leadership positions in the market place I believe
that the merger with HDFC Bank will create a world class bank in quality and
scale and will set the stage to compete with banks both locally as well on a global
levelrdquo
Mr Shailendra Bhandari Managing Director and CEO Centurion Bank of Punjab
said ldquoWe are extremely pleased to receive the go ahead from our board to pursue
this opportunity A merger between the banks provides significant synergies to the
combined entity The proposed merger would further improve the franchise and
customer proposition offered by the individual banksrdquo
QUALITY POLICY
SECURITY The bank provides long term financial security to their policy The
bank does this by offering life insurance and pension products
28
TRUST The bank appreciates the trust placed by their policy holders in the bank
Hence it will aim to manage their investments very carefully and live up to this
trust
INNOVATION Recognizing the different needs of our customers the bank offers
a range of innovative products to meet these needs
INTEGRITY CUSTOMER CENTRIC PEOPLE CARE ldquoONE FOR ALL AND
ALL FOR ONErdquo TEAM WORK JOY AND SIMPLICITY
RESEARCH OBJECTIVES AND SCOPE OF RESEARCH PROJECT
PROBLEM DEFINATION
Personal Banker were with good background human being and through rigorous
process of recruitment but still not able to perform up to the expectation level of
company HR is not able to sort out the problem why the performance is not
coming even after giving the full marketing and operational support The
communication technique and dealing with the customers is also a problem to the
personal banker
OBJECTIVES OF RESEARCH PROJECT
PRIMARY OBJECTIVES
To acquire new customer by convincing them and to promote the benefits of
those which are provided by the bank
29
To find the different way of convincing customers
To study brand image of the bank
To increase the business of the bank
SECONDARY OBJECTIVES
To determine the need and purpose of a personal banker
To understand the deciding criteria for people to become a personal banker
To offer suggestions based upon the findings
PRODUCT SCOPE
Studying the increasing business scope of the bank Market segmentation to find
the potential customers for the bank To study how the various products are
positioned in the market Corporate marketing of products Customers‟ perception
on the various products of the bank
RESEARCH METHODOLOGY AND LIMITATIONS
All the findings and conclusions obtained are based on the survey done in the
working area within the time limit I tried to select the sample representative of the
whole group during my summer training I have collected data from people linked
with different professional at Gorakhpur
30
RESEARCH PLAN
PRELIMINARY INVESTIGATION
In which data on the situation surrounding the problems shall be gathered to
arrive at
The correct definition of the problem An understanding of its environment
EXPLORATORY STUDY
To determine the approximate area where the problem lies
RESEARCH DESIGN
Research was initiated by examining the secondary data to gain insight into the
problem By analyzing the secondary data the study aim is to explore the short
comings of the present system and primary data will help to validate the analysis of
secondary data besides on unrevealing the areas which calls for improvement
DEVELOPING THE RESEARCH PLAN
The data for this research project has been collected through self Administration
Due to time limitation and other constraints direct personal interview method is
31
used A structured questionnaire was framed as it is less time consuming generates
specific and to the point
information easier to tabulate and interpret Moreover respondents prefer to give
direct answers In questionnaires open ended and closed ended both the types of
questions has been used
COLLECTION OF DATA
1 SECONDARY DATA It was collected from internal sources The secondary
data was collected on the basis of organizational file official records news papers
magazines management books preserved information in the company‟s database
and website of the company
2 PRIMARY DATA All the people from different profession were personally
visited and interviewed They were the main source of Primary data The method
of collection of primary data was direct personal interview through a structured
questionnaire
SAMPLING PLAN Since it is not possible to study whole universe it becomes
necessary to take sample from the universe to know about its characteristics
Sampling Units Different professionals Chartered Accountants Tax
Consultants Lawyers Business Man Professionals and House Wives of
Gorakhpur
Sample Technique Random Sampling
32
Research Instrument Structured Questionnaire
Contact Method Personal Interview
SAMPLE SIZE My sample size for this project was 50 respondents Since it was
not possible to cover the whole universe in the available time period it was
necessary for me to take a sample size of 50 respondents
DATA COLLECTION INSTRUMENT DEVELOPMENT The mode of
collection of data will be based on Survey Method and Field Activity Primary data
collection will base on personal interview I have prepared the questionnaire
according to the necessity of the data to be collected
RESEARCH LIMITATIONS
It was not possible to understand thoroughly about the different marketing aspects
of the Financial Consultant within 60 days As stipend money was not given it was
difficult to continue the project work All the work was limited in some limited
areas of Gorakhpur so the findings should not be generalized The area of research
was Gorakhpur and it was too vast an area to cover within 60 days
DATA ANALYSIS INTERPRETATION AND PRESENTATION
Q1Your Age
33
Ans
1 18-23 Years 10 Person
2 24-29 Years 20 Person
3 30-35 Years 10 Person
4 35 Years and above 10 Person
Base 50 respondents
Interpretation From above response it can be seen that
20 respondent‟s age are 18 to 23 years
35 respondent‟s age are 24 to 29 years
30 respondent‟s age are 30 to 35 years
15 respondent‟s age are 35 to above years
Q2 Marital Status
bull Married bull Single
No of Children __________
Ans
Married 32 Person
Single 18 Person
No of Children Nil
Interpretation From above response it can be seen that
70 respondents are married
30 respondents are unmarried
Q3 Educational Qualification
34
Undergraduate
Graduate
Postgraduate
9Ans
Undergraduate 10 Person
Graduate 22 Person
Postgraduate 18 Person
Interpretation From above response it can be seen that
25 respondents are Under graduate
40 respondents are Graduate
35 respondents are Post graduate
Q4 Number Of year‟s Are You in Gorakhpur
Less than five year‟s
More than five year‟s
Ans
Less than five year‟s 17 Person
More than five year‟s 33 Person
Interpretation From above response it can be seen
that
39 respondents are in Gorakhpur for less than five years
61 respondents are in Gorakhpur for more than five years
Q5 Your Occupation
Business
35
Profession
Service
Ans
Business 13 Person
Profession 17 Person
Service 20 Person
Interpretation From above response it can be seen that
20 respondents Occupation is Business
26 respondents Occupation is Profession
54 respondents Occupation is Service
Q6 Your annual household income
Less than 2 lacs
Between 2 to 5 lacs
Between 5to 8 lacs
More than 8 lacs
Ans
Less than 2 lacs 32 Person
Between 2 to 5 lacs 13 Person
Between 5to 8 lacs 3 Person
More than 8 lacs 2 Person
Interpretation From above response it can be seen that
49 respondent‟s annual household income is less than 2 lacs
31 respondent‟s annual household income is between 2 to 5 lacs
15 respondent‟s annual household income is between 5 to 8 lacs
36
5 respondent‟s annual household income is more than 8 lacs
Q7 What is your perception about different productsservices provided by HDFC
bank
Lucrative
Not lucrative
No idea
Ans
Lucrative 12 Person
Not lucrative 33 Person
No idea 5 Person
Interpretation From above response it can be seen that
25 respondent‟s perception about different products is lucrative
60 respondent‟s perception about
different products is not lucrative
15 respondent‟s have no idea
Q8 Do you want to open an account with HDFC bank
Yes
No
Will tell later
Ans
Yes 8 Person
No 5 Person
Will tell later 37 Person
37
Interpretation From above response it can be seen that
80 respondents are not interested to open an account with the bank
5 respondents are interested to open an account with the bank
15 of the respondents say that they will tell later
Q9 Do you have all the documents which are required to open an account
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
60 respondents have all the documents which are required to open an
account with the bank
25 respondents do not have all the documents which are required to open
an account with the bank
Q10 Are you aware that the bank provides you free phone banking amp net banking
services If you open a new savings account with HDFC bank
Yes
No
Ans
Yes 32 Person
No 18 Person
Interpretation From above response it can be seen that
38
20 respondents are aware of it
40 respondents are not aware of it
Q11Are you aware of different terms and conditions which are very much
essential to maintain an account at HDFC Bank
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
12 respondents are familiar with different terms and conditions which are
very much essential to maintain account with the bank
88 respondents have no idea about it
Q13 Do you know about HDFC Bank‟s recruitment policies related to personal
banker
Yes
No
Ans
Yes 38 Person
No 12 Person
Interpretation From above response it can be seen that
41 respondents are known about HDFC Bank‟s recruitment policies
related to personal banker
39
59 respondents are not known about HDFC Bank‟s recruitment policies
related to personal banker
CONCLUSIONS
HDFC Bank the banking arm of HDFC is expected to go on stream The bank
already has good number of employees on board and is recruiting personal banker
heavily to take the headcount to many more It is on the brim of increasing its
customers through its attractive schemes and offer
The project opportunities provided was market segmentation and identifying
prospective customers in potential geographical location and convincing them to
attract more customers so that new business opportunities of the bank can be
explored Through this project it could be concluded that people are not much
aware about the various products of the bank and many of them not interested to
open an account to invest money at all services was considered as unsought good
which require hard core selling but in changing trend in income and people
becoming financially literate the demand for banking sector is increasing day by
day
So at last the conclusion is that there is tough competition ahead for the company
from its major competitors in the banking sector Last but not the least I would like
to thank HDFC Bank for giving me an opportunity to work in the field of
Marketing and Operation I hope the company finds my analysis relevant
40
BIBLIOGRAPHY
1 WEBSITES
wwwhdfcbankcom wwwgooglecom
16
always get the finest services we offer The Bank has prioritized its engagement in
technology and the internet as one of its key goals and has already made significant
progress in web-enabling its core businesses In
each of its businesses the Bank has succeeded in leveraging its market position
expertise and technology to create a competitive advantage and build market share
HDFC BANK business strategy emphasizes the following
Increase market share in India‟s expanding banking and financial services
industry by following a disciplined growth strategy focusing on quality and not
on quantity and delivering high quality customer service Leverage our technology
platform and open scaleable systems to deliver more products to more customers
and to control operating costs Maintain current high standards for asset quality
through disciplined credit risk managementDevelope innovative products and
services that attract the targeted customers and address inefficiencies in the
Indian financial sector Continue to develop products and services that reduce
bank‟s cost of funds Focus on high earnings growth with low volatility
PRODUCT SCOPE
HDFC Bank offers a bunch of products and services to meet the every need of the
people The company cares for both individuals as well as corporate and small and
medium enterprises For individuals the company has a range accounts
investment and pension scheme different types of loans and cards that assist the
17
customers The customers can choose the suitable one from a range of products
which will suit their life-stage and needs For organizations the company has a host
of customized solutions that range from funded services Non-funded services
Value addition services Mutual fund etc These affordable plans apart from
providing long term value to the employees help in enhancing goodwill of the
company The products of the company are categorized into various sections which
are as follows
Accounts and deposits
Loans
Investments and Insurance
Forex and payment services
Cards
Customer center
PRODUCTS AND SERVICES AT A GLANCE
1 PERSONAL BANKING SERVICES
A Accounts amp Deposits
Savings Account
Regular Savings Account
Savings Plus Account
Savings Max Account
18
Senior Citizens Account
No Frills Account
Institutional Savings Account
Payroll Salary Account
Classic Salary Account
Regular Salary Account
Premium Salary Account
Defence Salary Account
Kids Advantage Account
Pension Saving Bank Account
Family Savings Account
Kisan No Frills Savings Account
Kisan Club Savings Account
Current Account
Plus Current Account
Trade Current Account
Premium Current Account
Regular Current Account
Apex Current Account
Max Current Account
Reimbursement Current Account
Fixed Deposit
Regular Fixed Deposit
Super Saver Account
Sweep-in Account
19
Recurring Deposit
Demat Account
Safe Deposit Locker
B Loans
Personal Loans
Home Loans
Two Wheeler Loans
New Car Loans
Used Car Loans
Overdraft against Car
Express Loans
Loan against Securities
Loan against Property
Commercial Vehicle Finance
Working Capital Finance
Construction Equipment Finance
C Investments amp Insurance
Mutual Funds
Insurance
Bonds
Financial Planning
Knowledge Centre
Equities amp Derivatives
20
Mudra Gold Bar
D Forex Services
Trade Finance
Traveler‟s Cheques
Foreign Currency Cash
Foreign Currency Drafts
Foreign Currency Cheque Deposits
Foreign Currency Remittances
Forex Plus Card
E Payment Services
Net Safe
Prepaid Refill
Bill Pay
Direct Pay
Visa Money Transfer
E-Monies Electronic Funds Transfer
Excise amp Service Tax Payment
F Access Your Bank - One View
Insta Alerts
Mobile Banking
ATM
Phone Banking
21
Branch Network
G Cards
Silver Credit Card
Gold Credit Card
Womans Gold Credit Card
Platinum plus Credit Card
Titanium Credit Card
Value plus Credit Card
Health plus Credit Card
HDFC Bank Idea Silver Card
HDFC Bank Idea Gold Card
2 WHOLESALE BANKING SERVICES
Funded Services
Non Funded Services
Value Added Services
Internet Banking
Clearing Sub-Membership
RTGS ndash sub membership
Fund Transfer
ATM Tie-ups
Corporate Salary ac
Tax Collection
Financial Institutions
22
Mutual Funds
Stock Brokers
Insurance Companies
Commodities Business
Trusts
3 NRI BANKING SERVICES
Rupee Saving ac
Rupee Current ac
Rupee Fixed Deposits
Foreign Currency Deposits
Accounts for Returning Indians
Payment Services
Net Safe
Bill Pay
Insta Pay
Direct Pay
Visa Money
Online Donation
Remittances
MILESTONES IN THE HISTORY
23
HDFC Bank began its operations in 1995 with a simple mission to be a World-
class Indian Bank They realized that only a single-minded focus on product
quality and service excellence would help us get there Today they are proud to
say that they are well on our way towards that goal It is extremely gratifying that
their efforts towards providing customer convenience have been appreciated both
nationally and internationally
2009
Asia Money 2009 Awards Best Domestic Bank in India
IBA Banking Technology
Awards 2009
Best IT Governance Award - Runner up
Global Finance Award Best Trade Finance Bank in India for 2009
IDRBT Banking Technology
Excellence Award 2008
Best IT Governance and Value Delivery
Asian Banker Excellence in
Retail Financial Services
Asian Banker Best Retail Bank in India
Award 2009
24
2008
Finance Asia Country Awards
for Achievement 2008
Best Bank and Best Cash Management
Bank
CNN-IBN Indian of the Year (Business)
Nasscom IT User Award 2008 Best IT Adoption in the Banking Sector
Business India Best Bank 2008
Forbes Asia Fab 50 companies in Asia Pacific
Asian Banker Excellence in
Retail Financial Services
Best Retail Bank 2008
Asiamoney Best local Cash Management Bank Award voted
by Corporates
Microsoft amp Indian Express
Group
Security Strategist Award 2008
World Trade Center Award of
honour
For outstanding contribution to international
trade services
Business Today-Monitor
Group survey
One of Indias Most Innovative Companies
Financial Express-Ernst amp
Young Award
Best Bank Award in the Private Sector
category
Global HR Excellence Awards Employer Brand of the Year 2007 -2008
25
- Asia Pacific HRM Congress Award - First Runner up amp many more
Business Today Best Bank Award
2007
Dun amp Bradstreet ndash American
Express Corporate Best Bank
Award 2007
Corporate Best Bank Award
The Bombay Stock Exchange
and Nasscom Foundations
Business for Social
Responsibility Awards 2007
Best Corporate Social Responsibility
Practice Award
Outlook Money amp NDTV
Profit
Best Bank Award in the Private sector
category
The Asian Banker Excellence
in Retail Financial Services
Awards
Best Retail Bank in India
Asian Banker Our Managing Director Aditya Puri wins the
Leadership Achievement Award for India
26
MERGER
HDFC Bank and Centurion Bank of Punjab merger at share swap ratio of 129 The
Boards of HDFC Bank and Centurion Bank of Punjab met on 25 February 2008
and approved subject to due diligence the share swap ratio for the proposed
merger of Centurion Bank of Punjab with HDFC Bank The Scheme of
Amalgamation envisages a share exchange ratio of one share of HDFC Bank for
twenty nine shares of Centurion Bank of Punjab The combined entity would have
a nationwide network of 1148 branches (the largest amongst private sector Banks)
a strong deposit base of around Rs 1200 billion and net advances of around Rs
850billion The balance sheet size of the combined entity would be over Rs 1500
billion Commenting on the proposed merger Mr Deepak Parekh Chairman
HDFC said ldquoWe were amongst the first to get a banking license the first to do a
merger in the private sector with Times Bank in 1999 and now if this deal
happens it would be the largest merger in the private sector banking space in
India HDFC Bank was looking for an appropriate merger opportunity that would
add scale geography and experienced staff to its franchise This opportunity arose
and we thought it is an attractive route to supplement HDFC Bank‟s organic
growth We believe that Centurion Bank of Punjab would be the right fit in terms
of culture strategic intent and approach to businessrdquo Mr Aditya Puri Managing
Director HDFC Bank said ldquoThese are exciting times for the Indian banking
industry The proposed merger will position the combined entity to significantly
exploit opportunities in a market globally recognized as one of the fastest growing
27
I‟m particularly bullish about the potential of business synergies and cultural fit
between the two organizations The combined entity will be an even greater force
in the marketrdquo Mr Rana Talwar Chairman Centurion Bank of Punjab stated
ldquoOver the last few years Centurion Bank of Punjab has set benchmarks for growth
The bank today has a large nationwide network an extremely valuable franchise
7500
talented employees and strong leadership positions in the market place I believe
that the merger with HDFC Bank will create a world class bank in quality and
scale and will set the stage to compete with banks both locally as well on a global
levelrdquo
Mr Shailendra Bhandari Managing Director and CEO Centurion Bank of Punjab
said ldquoWe are extremely pleased to receive the go ahead from our board to pursue
this opportunity A merger between the banks provides significant synergies to the
combined entity The proposed merger would further improve the franchise and
customer proposition offered by the individual banksrdquo
QUALITY POLICY
SECURITY The bank provides long term financial security to their policy The
bank does this by offering life insurance and pension products
28
TRUST The bank appreciates the trust placed by their policy holders in the bank
Hence it will aim to manage their investments very carefully and live up to this
trust
INNOVATION Recognizing the different needs of our customers the bank offers
a range of innovative products to meet these needs
INTEGRITY CUSTOMER CENTRIC PEOPLE CARE ldquoONE FOR ALL AND
ALL FOR ONErdquo TEAM WORK JOY AND SIMPLICITY
RESEARCH OBJECTIVES AND SCOPE OF RESEARCH PROJECT
PROBLEM DEFINATION
Personal Banker were with good background human being and through rigorous
process of recruitment but still not able to perform up to the expectation level of
company HR is not able to sort out the problem why the performance is not
coming even after giving the full marketing and operational support The
communication technique and dealing with the customers is also a problem to the
personal banker
OBJECTIVES OF RESEARCH PROJECT
PRIMARY OBJECTIVES
To acquire new customer by convincing them and to promote the benefits of
those which are provided by the bank
29
To find the different way of convincing customers
To study brand image of the bank
To increase the business of the bank
SECONDARY OBJECTIVES
To determine the need and purpose of a personal banker
To understand the deciding criteria for people to become a personal banker
To offer suggestions based upon the findings
PRODUCT SCOPE
Studying the increasing business scope of the bank Market segmentation to find
the potential customers for the bank To study how the various products are
positioned in the market Corporate marketing of products Customers‟ perception
on the various products of the bank
RESEARCH METHODOLOGY AND LIMITATIONS
All the findings and conclusions obtained are based on the survey done in the
working area within the time limit I tried to select the sample representative of the
whole group during my summer training I have collected data from people linked
with different professional at Gorakhpur
30
RESEARCH PLAN
PRELIMINARY INVESTIGATION
In which data on the situation surrounding the problems shall be gathered to
arrive at
The correct definition of the problem An understanding of its environment
EXPLORATORY STUDY
To determine the approximate area where the problem lies
RESEARCH DESIGN
Research was initiated by examining the secondary data to gain insight into the
problem By analyzing the secondary data the study aim is to explore the short
comings of the present system and primary data will help to validate the analysis of
secondary data besides on unrevealing the areas which calls for improvement
DEVELOPING THE RESEARCH PLAN
The data for this research project has been collected through self Administration
Due to time limitation and other constraints direct personal interview method is
31
used A structured questionnaire was framed as it is less time consuming generates
specific and to the point
information easier to tabulate and interpret Moreover respondents prefer to give
direct answers In questionnaires open ended and closed ended both the types of
questions has been used
COLLECTION OF DATA
1 SECONDARY DATA It was collected from internal sources The secondary
data was collected on the basis of organizational file official records news papers
magazines management books preserved information in the company‟s database
and website of the company
2 PRIMARY DATA All the people from different profession were personally
visited and interviewed They were the main source of Primary data The method
of collection of primary data was direct personal interview through a structured
questionnaire
SAMPLING PLAN Since it is not possible to study whole universe it becomes
necessary to take sample from the universe to know about its characteristics
Sampling Units Different professionals Chartered Accountants Tax
Consultants Lawyers Business Man Professionals and House Wives of
Gorakhpur
Sample Technique Random Sampling
32
Research Instrument Structured Questionnaire
Contact Method Personal Interview
SAMPLE SIZE My sample size for this project was 50 respondents Since it was
not possible to cover the whole universe in the available time period it was
necessary for me to take a sample size of 50 respondents
DATA COLLECTION INSTRUMENT DEVELOPMENT The mode of
collection of data will be based on Survey Method and Field Activity Primary data
collection will base on personal interview I have prepared the questionnaire
according to the necessity of the data to be collected
RESEARCH LIMITATIONS
It was not possible to understand thoroughly about the different marketing aspects
of the Financial Consultant within 60 days As stipend money was not given it was
difficult to continue the project work All the work was limited in some limited
areas of Gorakhpur so the findings should not be generalized The area of research
was Gorakhpur and it was too vast an area to cover within 60 days
DATA ANALYSIS INTERPRETATION AND PRESENTATION
Q1Your Age
33
Ans
1 18-23 Years 10 Person
2 24-29 Years 20 Person
3 30-35 Years 10 Person
4 35 Years and above 10 Person
Base 50 respondents
Interpretation From above response it can be seen that
20 respondent‟s age are 18 to 23 years
35 respondent‟s age are 24 to 29 years
30 respondent‟s age are 30 to 35 years
15 respondent‟s age are 35 to above years
Q2 Marital Status
bull Married bull Single
No of Children __________
Ans
Married 32 Person
Single 18 Person
No of Children Nil
Interpretation From above response it can be seen that
70 respondents are married
30 respondents are unmarried
Q3 Educational Qualification
34
Undergraduate
Graduate
Postgraduate
9Ans
Undergraduate 10 Person
Graduate 22 Person
Postgraduate 18 Person
Interpretation From above response it can be seen that
25 respondents are Under graduate
40 respondents are Graduate
35 respondents are Post graduate
Q4 Number Of year‟s Are You in Gorakhpur
Less than five year‟s
More than five year‟s
Ans
Less than five year‟s 17 Person
More than five year‟s 33 Person
Interpretation From above response it can be seen
that
39 respondents are in Gorakhpur for less than five years
61 respondents are in Gorakhpur for more than five years
Q5 Your Occupation
Business
35
Profession
Service
Ans
Business 13 Person
Profession 17 Person
Service 20 Person
Interpretation From above response it can be seen that
20 respondents Occupation is Business
26 respondents Occupation is Profession
54 respondents Occupation is Service
Q6 Your annual household income
Less than 2 lacs
Between 2 to 5 lacs
Between 5to 8 lacs
More than 8 lacs
Ans
Less than 2 lacs 32 Person
Between 2 to 5 lacs 13 Person
Between 5to 8 lacs 3 Person
More than 8 lacs 2 Person
Interpretation From above response it can be seen that
49 respondent‟s annual household income is less than 2 lacs
31 respondent‟s annual household income is between 2 to 5 lacs
15 respondent‟s annual household income is between 5 to 8 lacs
36
5 respondent‟s annual household income is more than 8 lacs
Q7 What is your perception about different productsservices provided by HDFC
bank
Lucrative
Not lucrative
No idea
Ans
Lucrative 12 Person
Not lucrative 33 Person
No idea 5 Person
Interpretation From above response it can be seen that
25 respondent‟s perception about different products is lucrative
60 respondent‟s perception about
different products is not lucrative
15 respondent‟s have no idea
Q8 Do you want to open an account with HDFC bank
Yes
No
Will tell later
Ans
Yes 8 Person
No 5 Person
Will tell later 37 Person
37
Interpretation From above response it can be seen that
80 respondents are not interested to open an account with the bank
5 respondents are interested to open an account with the bank
15 of the respondents say that they will tell later
Q9 Do you have all the documents which are required to open an account
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
60 respondents have all the documents which are required to open an
account with the bank
25 respondents do not have all the documents which are required to open
an account with the bank
Q10 Are you aware that the bank provides you free phone banking amp net banking
services If you open a new savings account with HDFC bank
Yes
No
Ans
Yes 32 Person
No 18 Person
Interpretation From above response it can be seen that
38
20 respondents are aware of it
40 respondents are not aware of it
Q11Are you aware of different terms and conditions which are very much
essential to maintain an account at HDFC Bank
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
12 respondents are familiar with different terms and conditions which are
very much essential to maintain account with the bank
88 respondents have no idea about it
Q13 Do you know about HDFC Bank‟s recruitment policies related to personal
banker
Yes
No
Ans
Yes 38 Person
No 12 Person
Interpretation From above response it can be seen that
41 respondents are known about HDFC Bank‟s recruitment policies
related to personal banker
39
59 respondents are not known about HDFC Bank‟s recruitment policies
related to personal banker
CONCLUSIONS
HDFC Bank the banking arm of HDFC is expected to go on stream The bank
already has good number of employees on board and is recruiting personal banker
heavily to take the headcount to many more It is on the brim of increasing its
customers through its attractive schemes and offer
The project opportunities provided was market segmentation and identifying
prospective customers in potential geographical location and convincing them to
attract more customers so that new business opportunities of the bank can be
explored Through this project it could be concluded that people are not much
aware about the various products of the bank and many of them not interested to
open an account to invest money at all services was considered as unsought good
which require hard core selling but in changing trend in income and people
becoming financially literate the demand for banking sector is increasing day by
day
So at last the conclusion is that there is tough competition ahead for the company
from its major competitors in the banking sector Last but not the least I would like
to thank HDFC Bank for giving me an opportunity to work in the field of
Marketing and Operation I hope the company finds my analysis relevant
40
BIBLIOGRAPHY
1 WEBSITES
wwwhdfcbankcom wwwgooglecom
17
customers The customers can choose the suitable one from a range of products
which will suit their life-stage and needs For organizations the company has a host
of customized solutions that range from funded services Non-funded services
Value addition services Mutual fund etc These affordable plans apart from
providing long term value to the employees help in enhancing goodwill of the
company The products of the company are categorized into various sections which
are as follows
Accounts and deposits
Loans
Investments and Insurance
Forex and payment services
Cards
Customer center
PRODUCTS AND SERVICES AT A GLANCE
1 PERSONAL BANKING SERVICES
A Accounts amp Deposits
Savings Account
Regular Savings Account
Savings Plus Account
Savings Max Account
18
Senior Citizens Account
No Frills Account
Institutional Savings Account
Payroll Salary Account
Classic Salary Account
Regular Salary Account
Premium Salary Account
Defence Salary Account
Kids Advantage Account
Pension Saving Bank Account
Family Savings Account
Kisan No Frills Savings Account
Kisan Club Savings Account
Current Account
Plus Current Account
Trade Current Account
Premium Current Account
Regular Current Account
Apex Current Account
Max Current Account
Reimbursement Current Account
Fixed Deposit
Regular Fixed Deposit
Super Saver Account
Sweep-in Account
19
Recurring Deposit
Demat Account
Safe Deposit Locker
B Loans
Personal Loans
Home Loans
Two Wheeler Loans
New Car Loans
Used Car Loans
Overdraft against Car
Express Loans
Loan against Securities
Loan against Property
Commercial Vehicle Finance
Working Capital Finance
Construction Equipment Finance
C Investments amp Insurance
Mutual Funds
Insurance
Bonds
Financial Planning
Knowledge Centre
Equities amp Derivatives
20
Mudra Gold Bar
D Forex Services
Trade Finance
Traveler‟s Cheques
Foreign Currency Cash
Foreign Currency Drafts
Foreign Currency Cheque Deposits
Foreign Currency Remittances
Forex Plus Card
E Payment Services
Net Safe
Prepaid Refill
Bill Pay
Direct Pay
Visa Money Transfer
E-Monies Electronic Funds Transfer
Excise amp Service Tax Payment
F Access Your Bank - One View
Insta Alerts
Mobile Banking
ATM
Phone Banking
21
Branch Network
G Cards
Silver Credit Card
Gold Credit Card
Womans Gold Credit Card
Platinum plus Credit Card
Titanium Credit Card
Value plus Credit Card
Health plus Credit Card
HDFC Bank Idea Silver Card
HDFC Bank Idea Gold Card
2 WHOLESALE BANKING SERVICES
Funded Services
Non Funded Services
Value Added Services
Internet Banking
Clearing Sub-Membership
RTGS ndash sub membership
Fund Transfer
ATM Tie-ups
Corporate Salary ac
Tax Collection
Financial Institutions
22
Mutual Funds
Stock Brokers
Insurance Companies
Commodities Business
Trusts
3 NRI BANKING SERVICES
Rupee Saving ac
Rupee Current ac
Rupee Fixed Deposits
Foreign Currency Deposits
Accounts for Returning Indians
Payment Services
Net Safe
Bill Pay
Insta Pay
Direct Pay
Visa Money
Online Donation
Remittances
MILESTONES IN THE HISTORY
23
HDFC Bank began its operations in 1995 with a simple mission to be a World-
class Indian Bank They realized that only a single-minded focus on product
quality and service excellence would help us get there Today they are proud to
say that they are well on our way towards that goal It is extremely gratifying that
their efforts towards providing customer convenience have been appreciated both
nationally and internationally
2009
Asia Money 2009 Awards Best Domestic Bank in India
IBA Banking Technology
Awards 2009
Best IT Governance Award - Runner up
Global Finance Award Best Trade Finance Bank in India for 2009
IDRBT Banking Technology
Excellence Award 2008
Best IT Governance and Value Delivery
Asian Banker Excellence in
Retail Financial Services
Asian Banker Best Retail Bank in India
Award 2009
24
2008
Finance Asia Country Awards
for Achievement 2008
Best Bank and Best Cash Management
Bank
CNN-IBN Indian of the Year (Business)
Nasscom IT User Award 2008 Best IT Adoption in the Banking Sector
Business India Best Bank 2008
Forbes Asia Fab 50 companies in Asia Pacific
Asian Banker Excellence in
Retail Financial Services
Best Retail Bank 2008
Asiamoney Best local Cash Management Bank Award voted
by Corporates
Microsoft amp Indian Express
Group
Security Strategist Award 2008
World Trade Center Award of
honour
For outstanding contribution to international
trade services
Business Today-Monitor
Group survey
One of Indias Most Innovative Companies
Financial Express-Ernst amp
Young Award
Best Bank Award in the Private Sector
category
Global HR Excellence Awards Employer Brand of the Year 2007 -2008
25
- Asia Pacific HRM Congress Award - First Runner up amp many more
Business Today Best Bank Award
2007
Dun amp Bradstreet ndash American
Express Corporate Best Bank
Award 2007
Corporate Best Bank Award
The Bombay Stock Exchange
and Nasscom Foundations
Business for Social
Responsibility Awards 2007
Best Corporate Social Responsibility
Practice Award
Outlook Money amp NDTV
Profit
Best Bank Award in the Private sector
category
The Asian Banker Excellence
in Retail Financial Services
Awards
Best Retail Bank in India
Asian Banker Our Managing Director Aditya Puri wins the
Leadership Achievement Award for India
26
MERGER
HDFC Bank and Centurion Bank of Punjab merger at share swap ratio of 129 The
Boards of HDFC Bank and Centurion Bank of Punjab met on 25 February 2008
and approved subject to due diligence the share swap ratio for the proposed
merger of Centurion Bank of Punjab with HDFC Bank The Scheme of
Amalgamation envisages a share exchange ratio of one share of HDFC Bank for
twenty nine shares of Centurion Bank of Punjab The combined entity would have
a nationwide network of 1148 branches (the largest amongst private sector Banks)
a strong deposit base of around Rs 1200 billion and net advances of around Rs
850billion The balance sheet size of the combined entity would be over Rs 1500
billion Commenting on the proposed merger Mr Deepak Parekh Chairman
HDFC said ldquoWe were amongst the first to get a banking license the first to do a
merger in the private sector with Times Bank in 1999 and now if this deal
happens it would be the largest merger in the private sector banking space in
India HDFC Bank was looking for an appropriate merger opportunity that would
add scale geography and experienced staff to its franchise This opportunity arose
and we thought it is an attractive route to supplement HDFC Bank‟s organic
growth We believe that Centurion Bank of Punjab would be the right fit in terms
of culture strategic intent and approach to businessrdquo Mr Aditya Puri Managing
Director HDFC Bank said ldquoThese are exciting times for the Indian banking
industry The proposed merger will position the combined entity to significantly
exploit opportunities in a market globally recognized as one of the fastest growing
27
I‟m particularly bullish about the potential of business synergies and cultural fit
between the two organizations The combined entity will be an even greater force
in the marketrdquo Mr Rana Talwar Chairman Centurion Bank of Punjab stated
ldquoOver the last few years Centurion Bank of Punjab has set benchmarks for growth
The bank today has a large nationwide network an extremely valuable franchise
7500
talented employees and strong leadership positions in the market place I believe
that the merger with HDFC Bank will create a world class bank in quality and
scale and will set the stage to compete with banks both locally as well on a global
levelrdquo
Mr Shailendra Bhandari Managing Director and CEO Centurion Bank of Punjab
said ldquoWe are extremely pleased to receive the go ahead from our board to pursue
this opportunity A merger between the banks provides significant synergies to the
combined entity The proposed merger would further improve the franchise and
customer proposition offered by the individual banksrdquo
QUALITY POLICY
SECURITY The bank provides long term financial security to their policy The
bank does this by offering life insurance and pension products
28
TRUST The bank appreciates the trust placed by their policy holders in the bank
Hence it will aim to manage their investments very carefully and live up to this
trust
INNOVATION Recognizing the different needs of our customers the bank offers
a range of innovative products to meet these needs
INTEGRITY CUSTOMER CENTRIC PEOPLE CARE ldquoONE FOR ALL AND
ALL FOR ONErdquo TEAM WORK JOY AND SIMPLICITY
RESEARCH OBJECTIVES AND SCOPE OF RESEARCH PROJECT
PROBLEM DEFINATION
Personal Banker were with good background human being and through rigorous
process of recruitment but still not able to perform up to the expectation level of
company HR is not able to sort out the problem why the performance is not
coming even after giving the full marketing and operational support The
communication technique and dealing with the customers is also a problem to the
personal banker
OBJECTIVES OF RESEARCH PROJECT
PRIMARY OBJECTIVES
To acquire new customer by convincing them and to promote the benefits of
those which are provided by the bank
29
To find the different way of convincing customers
To study brand image of the bank
To increase the business of the bank
SECONDARY OBJECTIVES
To determine the need and purpose of a personal banker
To understand the deciding criteria for people to become a personal banker
To offer suggestions based upon the findings
PRODUCT SCOPE
Studying the increasing business scope of the bank Market segmentation to find
the potential customers for the bank To study how the various products are
positioned in the market Corporate marketing of products Customers‟ perception
on the various products of the bank
RESEARCH METHODOLOGY AND LIMITATIONS
All the findings and conclusions obtained are based on the survey done in the
working area within the time limit I tried to select the sample representative of the
whole group during my summer training I have collected data from people linked
with different professional at Gorakhpur
30
RESEARCH PLAN
PRELIMINARY INVESTIGATION
In which data on the situation surrounding the problems shall be gathered to
arrive at
The correct definition of the problem An understanding of its environment
EXPLORATORY STUDY
To determine the approximate area where the problem lies
RESEARCH DESIGN
Research was initiated by examining the secondary data to gain insight into the
problem By analyzing the secondary data the study aim is to explore the short
comings of the present system and primary data will help to validate the analysis of
secondary data besides on unrevealing the areas which calls for improvement
DEVELOPING THE RESEARCH PLAN
The data for this research project has been collected through self Administration
Due to time limitation and other constraints direct personal interview method is
31
used A structured questionnaire was framed as it is less time consuming generates
specific and to the point
information easier to tabulate and interpret Moreover respondents prefer to give
direct answers In questionnaires open ended and closed ended both the types of
questions has been used
COLLECTION OF DATA
1 SECONDARY DATA It was collected from internal sources The secondary
data was collected on the basis of organizational file official records news papers
magazines management books preserved information in the company‟s database
and website of the company
2 PRIMARY DATA All the people from different profession were personally
visited and interviewed They were the main source of Primary data The method
of collection of primary data was direct personal interview through a structured
questionnaire
SAMPLING PLAN Since it is not possible to study whole universe it becomes
necessary to take sample from the universe to know about its characteristics
Sampling Units Different professionals Chartered Accountants Tax
Consultants Lawyers Business Man Professionals and House Wives of
Gorakhpur
Sample Technique Random Sampling
32
Research Instrument Structured Questionnaire
Contact Method Personal Interview
SAMPLE SIZE My sample size for this project was 50 respondents Since it was
not possible to cover the whole universe in the available time period it was
necessary for me to take a sample size of 50 respondents
DATA COLLECTION INSTRUMENT DEVELOPMENT The mode of
collection of data will be based on Survey Method and Field Activity Primary data
collection will base on personal interview I have prepared the questionnaire
according to the necessity of the data to be collected
RESEARCH LIMITATIONS
It was not possible to understand thoroughly about the different marketing aspects
of the Financial Consultant within 60 days As stipend money was not given it was
difficult to continue the project work All the work was limited in some limited
areas of Gorakhpur so the findings should not be generalized The area of research
was Gorakhpur and it was too vast an area to cover within 60 days
DATA ANALYSIS INTERPRETATION AND PRESENTATION
Q1Your Age
33
Ans
1 18-23 Years 10 Person
2 24-29 Years 20 Person
3 30-35 Years 10 Person
4 35 Years and above 10 Person
Base 50 respondents
Interpretation From above response it can be seen that
20 respondent‟s age are 18 to 23 years
35 respondent‟s age are 24 to 29 years
30 respondent‟s age are 30 to 35 years
15 respondent‟s age are 35 to above years
Q2 Marital Status
bull Married bull Single
No of Children __________
Ans
Married 32 Person
Single 18 Person
No of Children Nil
Interpretation From above response it can be seen that
70 respondents are married
30 respondents are unmarried
Q3 Educational Qualification
34
Undergraduate
Graduate
Postgraduate
9Ans
Undergraduate 10 Person
Graduate 22 Person
Postgraduate 18 Person
Interpretation From above response it can be seen that
25 respondents are Under graduate
40 respondents are Graduate
35 respondents are Post graduate
Q4 Number Of year‟s Are You in Gorakhpur
Less than five year‟s
More than five year‟s
Ans
Less than five year‟s 17 Person
More than five year‟s 33 Person
Interpretation From above response it can be seen
that
39 respondents are in Gorakhpur for less than five years
61 respondents are in Gorakhpur for more than five years
Q5 Your Occupation
Business
35
Profession
Service
Ans
Business 13 Person
Profession 17 Person
Service 20 Person
Interpretation From above response it can be seen that
20 respondents Occupation is Business
26 respondents Occupation is Profession
54 respondents Occupation is Service
Q6 Your annual household income
Less than 2 lacs
Between 2 to 5 lacs
Between 5to 8 lacs
More than 8 lacs
Ans
Less than 2 lacs 32 Person
Between 2 to 5 lacs 13 Person
Between 5to 8 lacs 3 Person
More than 8 lacs 2 Person
Interpretation From above response it can be seen that
49 respondent‟s annual household income is less than 2 lacs
31 respondent‟s annual household income is between 2 to 5 lacs
15 respondent‟s annual household income is between 5 to 8 lacs
36
5 respondent‟s annual household income is more than 8 lacs
Q7 What is your perception about different productsservices provided by HDFC
bank
Lucrative
Not lucrative
No idea
Ans
Lucrative 12 Person
Not lucrative 33 Person
No idea 5 Person
Interpretation From above response it can be seen that
25 respondent‟s perception about different products is lucrative
60 respondent‟s perception about
different products is not lucrative
15 respondent‟s have no idea
Q8 Do you want to open an account with HDFC bank
Yes
No
Will tell later
Ans
Yes 8 Person
No 5 Person
Will tell later 37 Person
37
Interpretation From above response it can be seen that
80 respondents are not interested to open an account with the bank
5 respondents are interested to open an account with the bank
15 of the respondents say that they will tell later
Q9 Do you have all the documents which are required to open an account
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
60 respondents have all the documents which are required to open an
account with the bank
25 respondents do not have all the documents which are required to open
an account with the bank
Q10 Are you aware that the bank provides you free phone banking amp net banking
services If you open a new savings account with HDFC bank
Yes
No
Ans
Yes 32 Person
No 18 Person
Interpretation From above response it can be seen that
38
20 respondents are aware of it
40 respondents are not aware of it
Q11Are you aware of different terms and conditions which are very much
essential to maintain an account at HDFC Bank
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
12 respondents are familiar with different terms and conditions which are
very much essential to maintain account with the bank
88 respondents have no idea about it
Q13 Do you know about HDFC Bank‟s recruitment policies related to personal
banker
Yes
No
Ans
Yes 38 Person
No 12 Person
Interpretation From above response it can be seen that
41 respondents are known about HDFC Bank‟s recruitment policies
related to personal banker
39
59 respondents are not known about HDFC Bank‟s recruitment policies
related to personal banker
CONCLUSIONS
HDFC Bank the banking arm of HDFC is expected to go on stream The bank
already has good number of employees on board and is recruiting personal banker
heavily to take the headcount to many more It is on the brim of increasing its
customers through its attractive schemes and offer
The project opportunities provided was market segmentation and identifying
prospective customers in potential geographical location and convincing them to
attract more customers so that new business opportunities of the bank can be
explored Through this project it could be concluded that people are not much
aware about the various products of the bank and many of them not interested to
open an account to invest money at all services was considered as unsought good
which require hard core selling but in changing trend in income and people
becoming financially literate the demand for banking sector is increasing day by
day
So at last the conclusion is that there is tough competition ahead for the company
from its major competitors in the banking sector Last but not the least I would like
to thank HDFC Bank for giving me an opportunity to work in the field of
Marketing and Operation I hope the company finds my analysis relevant
40
BIBLIOGRAPHY
1 WEBSITES
wwwhdfcbankcom wwwgooglecom
18
Senior Citizens Account
No Frills Account
Institutional Savings Account
Payroll Salary Account
Classic Salary Account
Regular Salary Account
Premium Salary Account
Defence Salary Account
Kids Advantage Account
Pension Saving Bank Account
Family Savings Account
Kisan No Frills Savings Account
Kisan Club Savings Account
Current Account
Plus Current Account
Trade Current Account
Premium Current Account
Regular Current Account
Apex Current Account
Max Current Account
Reimbursement Current Account
Fixed Deposit
Regular Fixed Deposit
Super Saver Account
Sweep-in Account
19
Recurring Deposit
Demat Account
Safe Deposit Locker
B Loans
Personal Loans
Home Loans
Two Wheeler Loans
New Car Loans
Used Car Loans
Overdraft against Car
Express Loans
Loan against Securities
Loan against Property
Commercial Vehicle Finance
Working Capital Finance
Construction Equipment Finance
C Investments amp Insurance
Mutual Funds
Insurance
Bonds
Financial Planning
Knowledge Centre
Equities amp Derivatives
20
Mudra Gold Bar
D Forex Services
Trade Finance
Traveler‟s Cheques
Foreign Currency Cash
Foreign Currency Drafts
Foreign Currency Cheque Deposits
Foreign Currency Remittances
Forex Plus Card
E Payment Services
Net Safe
Prepaid Refill
Bill Pay
Direct Pay
Visa Money Transfer
E-Monies Electronic Funds Transfer
Excise amp Service Tax Payment
F Access Your Bank - One View
Insta Alerts
Mobile Banking
ATM
Phone Banking
21
Branch Network
G Cards
Silver Credit Card
Gold Credit Card
Womans Gold Credit Card
Platinum plus Credit Card
Titanium Credit Card
Value plus Credit Card
Health plus Credit Card
HDFC Bank Idea Silver Card
HDFC Bank Idea Gold Card
2 WHOLESALE BANKING SERVICES
Funded Services
Non Funded Services
Value Added Services
Internet Banking
Clearing Sub-Membership
RTGS ndash sub membership
Fund Transfer
ATM Tie-ups
Corporate Salary ac
Tax Collection
Financial Institutions
22
Mutual Funds
Stock Brokers
Insurance Companies
Commodities Business
Trusts
3 NRI BANKING SERVICES
Rupee Saving ac
Rupee Current ac
Rupee Fixed Deposits
Foreign Currency Deposits
Accounts for Returning Indians
Payment Services
Net Safe
Bill Pay
Insta Pay
Direct Pay
Visa Money
Online Donation
Remittances
MILESTONES IN THE HISTORY
23
HDFC Bank began its operations in 1995 with a simple mission to be a World-
class Indian Bank They realized that only a single-minded focus on product
quality and service excellence would help us get there Today they are proud to
say that they are well on our way towards that goal It is extremely gratifying that
their efforts towards providing customer convenience have been appreciated both
nationally and internationally
2009
Asia Money 2009 Awards Best Domestic Bank in India
IBA Banking Technology
Awards 2009
Best IT Governance Award - Runner up
Global Finance Award Best Trade Finance Bank in India for 2009
IDRBT Banking Technology
Excellence Award 2008
Best IT Governance and Value Delivery
Asian Banker Excellence in
Retail Financial Services
Asian Banker Best Retail Bank in India
Award 2009
24
2008
Finance Asia Country Awards
for Achievement 2008
Best Bank and Best Cash Management
Bank
CNN-IBN Indian of the Year (Business)
Nasscom IT User Award 2008 Best IT Adoption in the Banking Sector
Business India Best Bank 2008
Forbes Asia Fab 50 companies in Asia Pacific
Asian Banker Excellence in
Retail Financial Services
Best Retail Bank 2008
Asiamoney Best local Cash Management Bank Award voted
by Corporates
Microsoft amp Indian Express
Group
Security Strategist Award 2008
World Trade Center Award of
honour
For outstanding contribution to international
trade services
Business Today-Monitor
Group survey
One of Indias Most Innovative Companies
Financial Express-Ernst amp
Young Award
Best Bank Award in the Private Sector
category
Global HR Excellence Awards Employer Brand of the Year 2007 -2008
25
- Asia Pacific HRM Congress Award - First Runner up amp many more
Business Today Best Bank Award
2007
Dun amp Bradstreet ndash American
Express Corporate Best Bank
Award 2007
Corporate Best Bank Award
The Bombay Stock Exchange
and Nasscom Foundations
Business for Social
Responsibility Awards 2007
Best Corporate Social Responsibility
Practice Award
Outlook Money amp NDTV
Profit
Best Bank Award in the Private sector
category
The Asian Banker Excellence
in Retail Financial Services
Awards
Best Retail Bank in India
Asian Banker Our Managing Director Aditya Puri wins the
Leadership Achievement Award for India
26
MERGER
HDFC Bank and Centurion Bank of Punjab merger at share swap ratio of 129 The
Boards of HDFC Bank and Centurion Bank of Punjab met on 25 February 2008
and approved subject to due diligence the share swap ratio for the proposed
merger of Centurion Bank of Punjab with HDFC Bank The Scheme of
Amalgamation envisages a share exchange ratio of one share of HDFC Bank for
twenty nine shares of Centurion Bank of Punjab The combined entity would have
a nationwide network of 1148 branches (the largest amongst private sector Banks)
a strong deposit base of around Rs 1200 billion and net advances of around Rs
850billion The balance sheet size of the combined entity would be over Rs 1500
billion Commenting on the proposed merger Mr Deepak Parekh Chairman
HDFC said ldquoWe were amongst the first to get a banking license the first to do a
merger in the private sector with Times Bank in 1999 and now if this deal
happens it would be the largest merger in the private sector banking space in
India HDFC Bank was looking for an appropriate merger opportunity that would
add scale geography and experienced staff to its franchise This opportunity arose
and we thought it is an attractive route to supplement HDFC Bank‟s organic
growth We believe that Centurion Bank of Punjab would be the right fit in terms
of culture strategic intent and approach to businessrdquo Mr Aditya Puri Managing
Director HDFC Bank said ldquoThese are exciting times for the Indian banking
industry The proposed merger will position the combined entity to significantly
exploit opportunities in a market globally recognized as one of the fastest growing
27
I‟m particularly bullish about the potential of business synergies and cultural fit
between the two organizations The combined entity will be an even greater force
in the marketrdquo Mr Rana Talwar Chairman Centurion Bank of Punjab stated
ldquoOver the last few years Centurion Bank of Punjab has set benchmarks for growth
The bank today has a large nationwide network an extremely valuable franchise
7500
talented employees and strong leadership positions in the market place I believe
that the merger with HDFC Bank will create a world class bank in quality and
scale and will set the stage to compete with banks both locally as well on a global
levelrdquo
Mr Shailendra Bhandari Managing Director and CEO Centurion Bank of Punjab
said ldquoWe are extremely pleased to receive the go ahead from our board to pursue
this opportunity A merger between the banks provides significant synergies to the
combined entity The proposed merger would further improve the franchise and
customer proposition offered by the individual banksrdquo
QUALITY POLICY
SECURITY The bank provides long term financial security to their policy The
bank does this by offering life insurance and pension products
28
TRUST The bank appreciates the trust placed by their policy holders in the bank
Hence it will aim to manage their investments very carefully and live up to this
trust
INNOVATION Recognizing the different needs of our customers the bank offers
a range of innovative products to meet these needs
INTEGRITY CUSTOMER CENTRIC PEOPLE CARE ldquoONE FOR ALL AND
ALL FOR ONErdquo TEAM WORK JOY AND SIMPLICITY
RESEARCH OBJECTIVES AND SCOPE OF RESEARCH PROJECT
PROBLEM DEFINATION
Personal Banker were with good background human being and through rigorous
process of recruitment but still not able to perform up to the expectation level of
company HR is not able to sort out the problem why the performance is not
coming even after giving the full marketing and operational support The
communication technique and dealing with the customers is also a problem to the
personal banker
OBJECTIVES OF RESEARCH PROJECT
PRIMARY OBJECTIVES
To acquire new customer by convincing them and to promote the benefits of
those which are provided by the bank
29
To find the different way of convincing customers
To study brand image of the bank
To increase the business of the bank
SECONDARY OBJECTIVES
To determine the need and purpose of a personal banker
To understand the deciding criteria for people to become a personal banker
To offer suggestions based upon the findings
PRODUCT SCOPE
Studying the increasing business scope of the bank Market segmentation to find
the potential customers for the bank To study how the various products are
positioned in the market Corporate marketing of products Customers‟ perception
on the various products of the bank
RESEARCH METHODOLOGY AND LIMITATIONS
All the findings and conclusions obtained are based on the survey done in the
working area within the time limit I tried to select the sample representative of the
whole group during my summer training I have collected data from people linked
with different professional at Gorakhpur
30
RESEARCH PLAN
PRELIMINARY INVESTIGATION
In which data on the situation surrounding the problems shall be gathered to
arrive at
The correct definition of the problem An understanding of its environment
EXPLORATORY STUDY
To determine the approximate area where the problem lies
RESEARCH DESIGN
Research was initiated by examining the secondary data to gain insight into the
problem By analyzing the secondary data the study aim is to explore the short
comings of the present system and primary data will help to validate the analysis of
secondary data besides on unrevealing the areas which calls for improvement
DEVELOPING THE RESEARCH PLAN
The data for this research project has been collected through self Administration
Due to time limitation and other constraints direct personal interview method is
31
used A structured questionnaire was framed as it is less time consuming generates
specific and to the point
information easier to tabulate and interpret Moreover respondents prefer to give
direct answers In questionnaires open ended and closed ended both the types of
questions has been used
COLLECTION OF DATA
1 SECONDARY DATA It was collected from internal sources The secondary
data was collected on the basis of organizational file official records news papers
magazines management books preserved information in the company‟s database
and website of the company
2 PRIMARY DATA All the people from different profession were personally
visited and interviewed They were the main source of Primary data The method
of collection of primary data was direct personal interview through a structured
questionnaire
SAMPLING PLAN Since it is not possible to study whole universe it becomes
necessary to take sample from the universe to know about its characteristics
Sampling Units Different professionals Chartered Accountants Tax
Consultants Lawyers Business Man Professionals and House Wives of
Gorakhpur
Sample Technique Random Sampling
32
Research Instrument Structured Questionnaire
Contact Method Personal Interview
SAMPLE SIZE My sample size for this project was 50 respondents Since it was
not possible to cover the whole universe in the available time period it was
necessary for me to take a sample size of 50 respondents
DATA COLLECTION INSTRUMENT DEVELOPMENT The mode of
collection of data will be based on Survey Method and Field Activity Primary data
collection will base on personal interview I have prepared the questionnaire
according to the necessity of the data to be collected
RESEARCH LIMITATIONS
It was not possible to understand thoroughly about the different marketing aspects
of the Financial Consultant within 60 days As stipend money was not given it was
difficult to continue the project work All the work was limited in some limited
areas of Gorakhpur so the findings should not be generalized The area of research
was Gorakhpur and it was too vast an area to cover within 60 days
DATA ANALYSIS INTERPRETATION AND PRESENTATION
Q1Your Age
33
Ans
1 18-23 Years 10 Person
2 24-29 Years 20 Person
3 30-35 Years 10 Person
4 35 Years and above 10 Person
Base 50 respondents
Interpretation From above response it can be seen that
20 respondent‟s age are 18 to 23 years
35 respondent‟s age are 24 to 29 years
30 respondent‟s age are 30 to 35 years
15 respondent‟s age are 35 to above years
Q2 Marital Status
bull Married bull Single
No of Children __________
Ans
Married 32 Person
Single 18 Person
No of Children Nil
Interpretation From above response it can be seen that
70 respondents are married
30 respondents are unmarried
Q3 Educational Qualification
34
Undergraduate
Graduate
Postgraduate
9Ans
Undergraduate 10 Person
Graduate 22 Person
Postgraduate 18 Person
Interpretation From above response it can be seen that
25 respondents are Under graduate
40 respondents are Graduate
35 respondents are Post graduate
Q4 Number Of year‟s Are You in Gorakhpur
Less than five year‟s
More than five year‟s
Ans
Less than five year‟s 17 Person
More than five year‟s 33 Person
Interpretation From above response it can be seen
that
39 respondents are in Gorakhpur for less than five years
61 respondents are in Gorakhpur for more than five years
Q5 Your Occupation
Business
35
Profession
Service
Ans
Business 13 Person
Profession 17 Person
Service 20 Person
Interpretation From above response it can be seen that
20 respondents Occupation is Business
26 respondents Occupation is Profession
54 respondents Occupation is Service
Q6 Your annual household income
Less than 2 lacs
Between 2 to 5 lacs
Between 5to 8 lacs
More than 8 lacs
Ans
Less than 2 lacs 32 Person
Between 2 to 5 lacs 13 Person
Between 5to 8 lacs 3 Person
More than 8 lacs 2 Person
Interpretation From above response it can be seen that
49 respondent‟s annual household income is less than 2 lacs
31 respondent‟s annual household income is between 2 to 5 lacs
15 respondent‟s annual household income is between 5 to 8 lacs
36
5 respondent‟s annual household income is more than 8 lacs
Q7 What is your perception about different productsservices provided by HDFC
bank
Lucrative
Not lucrative
No idea
Ans
Lucrative 12 Person
Not lucrative 33 Person
No idea 5 Person
Interpretation From above response it can be seen that
25 respondent‟s perception about different products is lucrative
60 respondent‟s perception about
different products is not lucrative
15 respondent‟s have no idea
Q8 Do you want to open an account with HDFC bank
Yes
No
Will tell later
Ans
Yes 8 Person
No 5 Person
Will tell later 37 Person
37
Interpretation From above response it can be seen that
80 respondents are not interested to open an account with the bank
5 respondents are interested to open an account with the bank
15 of the respondents say that they will tell later
Q9 Do you have all the documents which are required to open an account
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
60 respondents have all the documents which are required to open an
account with the bank
25 respondents do not have all the documents which are required to open
an account with the bank
Q10 Are you aware that the bank provides you free phone banking amp net banking
services If you open a new savings account with HDFC bank
Yes
No
Ans
Yes 32 Person
No 18 Person
Interpretation From above response it can be seen that
38
20 respondents are aware of it
40 respondents are not aware of it
Q11Are you aware of different terms and conditions which are very much
essential to maintain an account at HDFC Bank
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
12 respondents are familiar with different terms and conditions which are
very much essential to maintain account with the bank
88 respondents have no idea about it
Q13 Do you know about HDFC Bank‟s recruitment policies related to personal
banker
Yes
No
Ans
Yes 38 Person
No 12 Person
Interpretation From above response it can be seen that
41 respondents are known about HDFC Bank‟s recruitment policies
related to personal banker
39
59 respondents are not known about HDFC Bank‟s recruitment policies
related to personal banker
CONCLUSIONS
HDFC Bank the banking arm of HDFC is expected to go on stream The bank
already has good number of employees on board and is recruiting personal banker
heavily to take the headcount to many more It is on the brim of increasing its
customers through its attractive schemes and offer
The project opportunities provided was market segmentation and identifying
prospective customers in potential geographical location and convincing them to
attract more customers so that new business opportunities of the bank can be
explored Through this project it could be concluded that people are not much
aware about the various products of the bank and many of them not interested to
open an account to invest money at all services was considered as unsought good
which require hard core selling but in changing trend in income and people
becoming financially literate the demand for banking sector is increasing day by
day
So at last the conclusion is that there is tough competition ahead for the company
from its major competitors in the banking sector Last but not the least I would like
to thank HDFC Bank for giving me an opportunity to work in the field of
Marketing and Operation I hope the company finds my analysis relevant
40
BIBLIOGRAPHY
1 WEBSITES
wwwhdfcbankcom wwwgooglecom
19
Recurring Deposit
Demat Account
Safe Deposit Locker
B Loans
Personal Loans
Home Loans
Two Wheeler Loans
New Car Loans
Used Car Loans
Overdraft against Car
Express Loans
Loan against Securities
Loan against Property
Commercial Vehicle Finance
Working Capital Finance
Construction Equipment Finance
C Investments amp Insurance
Mutual Funds
Insurance
Bonds
Financial Planning
Knowledge Centre
Equities amp Derivatives
20
Mudra Gold Bar
D Forex Services
Trade Finance
Traveler‟s Cheques
Foreign Currency Cash
Foreign Currency Drafts
Foreign Currency Cheque Deposits
Foreign Currency Remittances
Forex Plus Card
E Payment Services
Net Safe
Prepaid Refill
Bill Pay
Direct Pay
Visa Money Transfer
E-Monies Electronic Funds Transfer
Excise amp Service Tax Payment
F Access Your Bank - One View
Insta Alerts
Mobile Banking
ATM
Phone Banking
21
Branch Network
G Cards
Silver Credit Card
Gold Credit Card
Womans Gold Credit Card
Platinum plus Credit Card
Titanium Credit Card
Value plus Credit Card
Health plus Credit Card
HDFC Bank Idea Silver Card
HDFC Bank Idea Gold Card
2 WHOLESALE BANKING SERVICES
Funded Services
Non Funded Services
Value Added Services
Internet Banking
Clearing Sub-Membership
RTGS ndash sub membership
Fund Transfer
ATM Tie-ups
Corporate Salary ac
Tax Collection
Financial Institutions
22
Mutual Funds
Stock Brokers
Insurance Companies
Commodities Business
Trusts
3 NRI BANKING SERVICES
Rupee Saving ac
Rupee Current ac
Rupee Fixed Deposits
Foreign Currency Deposits
Accounts for Returning Indians
Payment Services
Net Safe
Bill Pay
Insta Pay
Direct Pay
Visa Money
Online Donation
Remittances
MILESTONES IN THE HISTORY
23
HDFC Bank began its operations in 1995 with a simple mission to be a World-
class Indian Bank They realized that only a single-minded focus on product
quality and service excellence would help us get there Today they are proud to
say that they are well on our way towards that goal It is extremely gratifying that
their efforts towards providing customer convenience have been appreciated both
nationally and internationally
2009
Asia Money 2009 Awards Best Domestic Bank in India
IBA Banking Technology
Awards 2009
Best IT Governance Award - Runner up
Global Finance Award Best Trade Finance Bank in India for 2009
IDRBT Banking Technology
Excellence Award 2008
Best IT Governance and Value Delivery
Asian Banker Excellence in
Retail Financial Services
Asian Banker Best Retail Bank in India
Award 2009
24
2008
Finance Asia Country Awards
for Achievement 2008
Best Bank and Best Cash Management
Bank
CNN-IBN Indian of the Year (Business)
Nasscom IT User Award 2008 Best IT Adoption in the Banking Sector
Business India Best Bank 2008
Forbes Asia Fab 50 companies in Asia Pacific
Asian Banker Excellence in
Retail Financial Services
Best Retail Bank 2008
Asiamoney Best local Cash Management Bank Award voted
by Corporates
Microsoft amp Indian Express
Group
Security Strategist Award 2008
World Trade Center Award of
honour
For outstanding contribution to international
trade services
Business Today-Monitor
Group survey
One of Indias Most Innovative Companies
Financial Express-Ernst amp
Young Award
Best Bank Award in the Private Sector
category
Global HR Excellence Awards Employer Brand of the Year 2007 -2008
25
- Asia Pacific HRM Congress Award - First Runner up amp many more
Business Today Best Bank Award
2007
Dun amp Bradstreet ndash American
Express Corporate Best Bank
Award 2007
Corporate Best Bank Award
The Bombay Stock Exchange
and Nasscom Foundations
Business for Social
Responsibility Awards 2007
Best Corporate Social Responsibility
Practice Award
Outlook Money amp NDTV
Profit
Best Bank Award in the Private sector
category
The Asian Banker Excellence
in Retail Financial Services
Awards
Best Retail Bank in India
Asian Banker Our Managing Director Aditya Puri wins the
Leadership Achievement Award for India
26
MERGER
HDFC Bank and Centurion Bank of Punjab merger at share swap ratio of 129 The
Boards of HDFC Bank and Centurion Bank of Punjab met on 25 February 2008
and approved subject to due diligence the share swap ratio for the proposed
merger of Centurion Bank of Punjab with HDFC Bank The Scheme of
Amalgamation envisages a share exchange ratio of one share of HDFC Bank for
twenty nine shares of Centurion Bank of Punjab The combined entity would have
a nationwide network of 1148 branches (the largest amongst private sector Banks)
a strong deposit base of around Rs 1200 billion and net advances of around Rs
850billion The balance sheet size of the combined entity would be over Rs 1500
billion Commenting on the proposed merger Mr Deepak Parekh Chairman
HDFC said ldquoWe were amongst the first to get a banking license the first to do a
merger in the private sector with Times Bank in 1999 and now if this deal
happens it would be the largest merger in the private sector banking space in
India HDFC Bank was looking for an appropriate merger opportunity that would
add scale geography and experienced staff to its franchise This opportunity arose
and we thought it is an attractive route to supplement HDFC Bank‟s organic
growth We believe that Centurion Bank of Punjab would be the right fit in terms
of culture strategic intent and approach to businessrdquo Mr Aditya Puri Managing
Director HDFC Bank said ldquoThese are exciting times for the Indian banking
industry The proposed merger will position the combined entity to significantly
exploit opportunities in a market globally recognized as one of the fastest growing
27
I‟m particularly bullish about the potential of business synergies and cultural fit
between the two organizations The combined entity will be an even greater force
in the marketrdquo Mr Rana Talwar Chairman Centurion Bank of Punjab stated
ldquoOver the last few years Centurion Bank of Punjab has set benchmarks for growth
The bank today has a large nationwide network an extremely valuable franchise
7500
talented employees and strong leadership positions in the market place I believe
that the merger with HDFC Bank will create a world class bank in quality and
scale and will set the stage to compete with banks both locally as well on a global
levelrdquo
Mr Shailendra Bhandari Managing Director and CEO Centurion Bank of Punjab
said ldquoWe are extremely pleased to receive the go ahead from our board to pursue
this opportunity A merger between the banks provides significant synergies to the
combined entity The proposed merger would further improve the franchise and
customer proposition offered by the individual banksrdquo
QUALITY POLICY
SECURITY The bank provides long term financial security to their policy The
bank does this by offering life insurance and pension products
28
TRUST The bank appreciates the trust placed by their policy holders in the bank
Hence it will aim to manage their investments very carefully and live up to this
trust
INNOVATION Recognizing the different needs of our customers the bank offers
a range of innovative products to meet these needs
INTEGRITY CUSTOMER CENTRIC PEOPLE CARE ldquoONE FOR ALL AND
ALL FOR ONErdquo TEAM WORK JOY AND SIMPLICITY
RESEARCH OBJECTIVES AND SCOPE OF RESEARCH PROJECT
PROBLEM DEFINATION
Personal Banker were with good background human being and through rigorous
process of recruitment but still not able to perform up to the expectation level of
company HR is not able to sort out the problem why the performance is not
coming even after giving the full marketing and operational support The
communication technique and dealing with the customers is also a problem to the
personal banker
OBJECTIVES OF RESEARCH PROJECT
PRIMARY OBJECTIVES
To acquire new customer by convincing them and to promote the benefits of
those which are provided by the bank
29
To find the different way of convincing customers
To study brand image of the bank
To increase the business of the bank
SECONDARY OBJECTIVES
To determine the need and purpose of a personal banker
To understand the deciding criteria for people to become a personal banker
To offer suggestions based upon the findings
PRODUCT SCOPE
Studying the increasing business scope of the bank Market segmentation to find
the potential customers for the bank To study how the various products are
positioned in the market Corporate marketing of products Customers‟ perception
on the various products of the bank
RESEARCH METHODOLOGY AND LIMITATIONS
All the findings and conclusions obtained are based on the survey done in the
working area within the time limit I tried to select the sample representative of the
whole group during my summer training I have collected data from people linked
with different professional at Gorakhpur
30
RESEARCH PLAN
PRELIMINARY INVESTIGATION
In which data on the situation surrounding the problems shall be gathered to
arrive at
The correct definition of the problem An understanding of its environment
EXPLORATORY STUDY
To determine the approximate area where the problem lies
RESEARCH DESIGN
Research was initiated by examining the secondary data to gain insight into the
problem By analyzing the secondary data the study aim is to explore the short
comings of the present system and primary data will help to validate the analysis of
secondary data besides on unrevealing the areas which calls for improvement
DEVELOPING THE RESEARCH PLAN
The data for this research project has been collected through self Administration
Due to time limitation and other constraints direct personal interview method is
31
used A structured questionnaire was framed as it is less time consuming generates
specific and to the point
information easier to tabulate and interpret Moreover respondents prefer to give
direct answers In questionnaires open ended and closed ended both the types of
questions has been used
COLLECTION OF DATA
1 SECONDARY DATA It was collected from internal sources The secondary
data was collected on the basis of organizational file official records news papers
magazines management books preserved information in the company‟s database
and website of the company
2 PRIMARY DATA All the people from different profession were personally
visited and interviewed They were the main source of Primary data The method
of collection of primary data was direct personal interview through a structured
questionnaire
SAMPLING PLAN Since it is not possible to study whole universe it becomes
necessary to take sample from the universe to know about its characteristics
Sampling Units Different professionals Chartered Accountants Tax
Consultants Lawyers Business Man Professionals and House Wives of
Gorakhpur
Sample Technique Random Sampling
32
Research Instrument Structured Questionnaire
Contact Method Personal Interview
SAMPLE SIZE My sample size for this project was 50 respondents Since it was
not possible to cover the whole universe in the available time period it was
necessary for me to take a sample size of 50 respondents
DATA COLLECTION INSTRUMENT DEVELOPMENT The mode of
collection of data will be based on Survey Method and Field Activity Primary data
collection will base on personal interview I have prepared the questionnaire
according to the necessity of the data to be collected
RESEARCH LIMITATIONS
It was not possible to understand thoroughly about the different marketing aspects
of the Financial Consultant within 60 days As stipend money was not given it was
difficult to continue the project work All the work was limited in some limited
areas of Gorakhpur so the findings should not be generalized The area of research
was Gorakhpur and it was too vast an area to cover within 60 days
DATA ANALYSIS INTERPRETATION AND PRESENTATION
Q1Your Age
33
Ans
1 18-23 Years 10 Person
2 24-29 Years 20 Person
3 30-35 Years 10 Person
4 35 Years and above 10 Person
Base 50 respondents
Interpretation From above response it can be seen that
20 respondent‟s age are 18 to 23 years
35 respondent‟s age are 24 to 29 years
30 respondent‟s age are 30 to 35 years
15 respondent‟s age are 35 to above years
Q2 Marital Status
bull Married bull Single
No of Children __________
Ans
Married 32 Person
Single 18 Person
No of Children Nil
Interpretation From above response it can be seen that
70 respondents are married
30 respondents are unmarried
Q3 Educational Qualification
34
Undergraduate
Graduate
Postgraduate
9Ans
Undergraduate 10 Person
Graduate 22 Person
Postgraduate 18 Person
Interpretation From above response it can be seen that
25 respondents are Under graduate
40 respondents are Graduate
35 respondents are Post graduate
Q4 Number Of year‟s Are You in Gorakhpur
Less than five year‟s
More than five year‟s
Ans
Less than five year‟s 17 Person
More than five year‟s 33 Person
Interpretation From above response it can be seen
that
39 respondents are in Gorakhpur for less than five years
61 respondents are in Gorakhpur for more than five years
Q5 Your Occupation
Business
35
Profession
Service
Ans
Business 13 Person
Profession 17 Person
Service 20 Person
Interpretation From above response it can be seen that
20 respondents Occupation is Business
26 respondents Occupation is Profession
54 respondents Occupation is Service
Q6 Your annual household income
Less than 2 lacs
Between 2 to 5 lacs
Between 5to 8 lacs
More than 8 lacs
Ans
Less than 2 lacs 32 Person
Between 2 to 5 lacs 13 Person
Between 5to 8 lacs 3 Person
More than 8 lacs 2 Person
Interpretation From above response it can be seen that
49 respondent‟s annual household income is less than 2 lacs
31 respondent‟s annual household income is between 2 to 5 lacs
15 respondent‟s annual household income is between 5 to 8 lacs
36
5 respondent‟s annual household income is more than 8 lacs
Q7 What is your perception about different productsservices provided by HDFC
bank
Lucrative
Not lucrative
No idea
Ans
Lucrative 12 Person
Not lucrative 33 Person
No idea 5 Person
Interpretation From above response it can be seen that
25 respondent‟s perception about different products is lucrative
60 respondent‟s perception about
different products is not lucrative
15 respondent‟s have no idea
Q8 Do you want to open an account with HDFC bank
Yes
No
Will tell later
Ans
Yes 8 Person
No 5 Person
Will tell later 37 Person
37
Interpretation From above response it can be seen that
80 respondents are not interested to open an account with the bank
5 respondents are interested to open an account with the bank
15 of the respondents say that they will tell later
Q9 Do you have all the documents which are required to open an account
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
60 respondents have all the documents which are required to open an
account with the bank
25 respondents do not have all the documents which are required to open
an account with the bank
Q10 Are you aware that the bank provides you free phone banking amp net banking
services If you open a new savings account with HDFC bank
Yes
No
Ans
Yes 32 Person
No 18 Person
Interpretation From above response it can be seen that
38
20 respondents are aware of it
40 respondents are not aware of it
Q11Are you aware of different terms and conditions which are very much
essential to maintain an account at HDFC Bank
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
12 respondents are familiar with different terms and conditions which are
very much essential to maintain account with the bank
88 respondents have no idea about it
Q13 Do you know about HDFC Bank‟s recruitment policies related to personal
banker
Yes
No
Ans
Yes 38 Person
No 12 Person
Interpretation From above response it can be seen that
41 respondents are known about HDFC Bank‟s recruitment policies
related to personal banker
39
59 respondents are not known about HDFC Bank‟s recruitment policies
related to personal banker
CONCLUSIONS
HDFC Bank the banking arm of HDFC is expected to go on stream The bank
already has good number of employees on board and is recruiting personal banker
heavily to take the headcount to many more It is on the brim of increasing its
customers through its attractive schemes and offer
The project opportunities provided was market segmentation and identifying
prospective customers in potential geographical location and convincing them to
attract more customers so that new business opportunities of the bank can be
explored Through this project it could be concluded that people are not much
aware about the various products of the bank and many of them not interested to
open an account to invest money at all services was considered as unsought good
which require hard core selling but in changing trend in income and people
becoming financially literate the demand for banking sector is increasing day by
day
So at last the conclusion is that there is tough competition ahead for the company
from its major competitors in the banking sector Last but not the least I would like
to thank HDFC Bank for giving me an opportunity to work in the field of
Marketing and Operation I hope the company finds my analysis relevant
40
BIBLIOGRAPHY
1 WEBSITES
wwwhdfcbankcom wwwgooglecom
20
Mudra Gold Bar
D Forex Services
Trade Finance
Traveler‟s Cheques
Foreign Currency Cash
Foreign Currency Drafts
Foreign Currency Cheque Deposits
Foreign Currency Remittances
Forex Plus Card
E Payment Services
Net Safe
Prepaid Refill
Bill Pay
Direct Pay
Visa Money Transfer
E-Monies Electronic Funds Transfer
Excise amp Service Tax Payment
F Access Your Bank - One View
Insta Alerts
Mobile Banking
ATM
Phone Banking
21
Branch Network
G Cards
Silver Credit Card
Gold Credit Card
Womans Gold Credit Card
Platinum plus Credit Card
Titanium Credit Card
Value plus Credit Card
Health plus Credit Card
HDFC Bank Idea Silver Card
HDFC Bank Idea Gold Card
2 WHOLESALE BANKING SERVICES
Funded Services
Non Funded Services
Value Added Services
Internet Banking
Clearing Sub-Membership
RTGS ndash sub membership
Fund Transfer
ATM Tie-ups
Corporate Salary ac
Tax Collection
Financial Institutions
22
Mutual Funds
Stock Brokers
Insurance Companies
Commodities Business
Trusts
3 NRI BANKING SERVICES
Rupee Saving ac
Rupee Current ac
Rupee Fixed Deposits
Foreign Currency Deposits
Accounts for Returning Indians
Payment Services
Net Safe
Bill Pay
Insta Pay
Direct Pay
Visa Money
Online Donation
Remittances
MILESTONES IN THE HISTORY
23
HDFC Bank began its operations in 1995 with a simple mission to be a World-
class Indian Bank They realized that only a single-minded focus on product
quality and service excellence would help us get there Today they are proud to
say that they are well on our way towards that goal It is extremely gratifying that
their efforts towards providing customer convenience have been appreciated both
nationally and internationally
2009
Asia Money 2009 Awards Best Domestic Bank in India
IBA Banking Technology
Awards 2009
Best IT Governance Award - Runner up
Global Finance Award Best Trade Finance Bank in India for 2009
IDRBT Banking Technology
Excellence Award 2008
Best IT Governance and Value Delivery
Asian Banker Excellence in
Retail Financial Services
Asian Banker Best Retail Bank in India
Award 2009
24
2008
Finance Asia Country Awards
for Achievement 2008
Best Bank and Best Cash Management
Bank
CNN-IBN Indian of the Year (Business)
Nasscom IT User Award 2008 Best IT Adoption in the Banking Sector
Business India Best Bank 2008
Forbes Asia Fab 50 companies in Asia Pacific
Asian Banker Excellence in
Retail Financial Services
Best Retail Bank 2008
Asiamoney Best local Cash Management Bank Award voted
by Corporates
Microsoft amp Indian Express
Group
Security Strategist Award 2008
World Trade Center Award of
honour
For outstanding contribution to international
trade services
Business Today-Monitor
Group survey
One of Indias Most Innovative Companies
Financial Express-Ernst amp
Young Award
Best Bank Award in the Private Sector
category
Global HR Excellence Awards Employer Brand of the Year 2007 -2008
25
- Asia Pacific HRM Congress Award - First Runner up amp many more
Business Today Best Bank Award
2007
Dun amp Bradstreet ndash American
Express Corporate Best Bank
Award 2007
Corporate Best Bank Award
The Bombay Stock Exchange
and Nasscom Foundations
Business for Social
Responsibility Awards 2007
Best Corporate Social Responsibility
Practice Award
Outlook Money amp NDTV
Profit
Best Bank Award in the Private sector
category
The Asian Banker Excellence
in Retail Financial Services
Awards
Best Retail Bank in India
Asian Banker Our Managing Director Aditya Puri wins the
Leadership Achievement Award for India
26
MERGER
HDFC Bank and Centurion Bank of Punjab merger at share swap ratio of 129 The
Boards of HDFC Bank and Centurion Bank of Punjab met on 25 February 2008
and approved subject to due diligence the share swap ratio for the proposed
merger of Centurion Bank of Punjab with HDFC Bank The Scheme of
Amalgamation envisages a share exchange ratio of one share of HDFC Bank for
twenty nine shares of Centurion Bank of Punjab The combined entity would have
a nationwide network of 1148 branches (the largest amongst private sector Banks)
a strong deposit base of around Rs 1200 billion and net advances of around Rs
850billion The balance sheet size of the combined entity would be over Rs 1500
billion Commenting on the proposed merger Mr Deepak Parekh Chairman
HDFC said ldquoWe were amongst the first to get a banking license the first to do a
merger in the private sector with Times Bank in 1999 and now if this deal
happens it would be the largest merger in the private sector banking space in
India HDFC Bank was looking for an appropriate merger opportunity that would
add scale geography and experienced staff to its franchise This opportunity arose
and we thought it is an attractive route to supplement HDFC Bank‟s organic
growth We believe that Centurion Bank of Punjab would be the right fit in terms
of culture strategic intent and approach to businessrdquo Mr Aditya Puri Managing
Director HDFC Bank said ldquoThese are exciting times for the Indian banking
industry The proposed merger will position the combined entity to significantly
exploit opportunities in a market globally recognized as one of the fastest growing
27
I‟m particularly bullish about the potential of business synergies and cultural fit
between the two organizations The combined entity will be an even greater force
in the marketrdquo Mr Rana Talwar Chairman Centurion Bank of Punjab stated
ldquoOver the last few years Centurion Bank of Punjab has set benchmarks for growth
The bank today has a large nationwide network an extremely valuable franchise
7500
talented employees and strong leadership positions in the market place I believe
that the merger with HDFC Bank will create a world class bank in quality and
scale and will set the stage to compete with banks both locally as well on a global
levelrdquo
Mr Shailendra Bhandari Managing Director and CEO Centurion Bank of Punjab
said ldquoWe are extremely pleased to receive the go ahead from our board to pursue
this opportunity A merger between the banks provides significant synergies to the
combined entity The proposed merger would further improve the franchise and
customer proposition offered by the individual banksrdquo
QUALITY POLICY
SECURITY The bank provides long term financial security to their policy The
bank does this by offering life insurance and pension products
28
TRUST The bank appreciates the trust placed by their policy holders in the bank
Hence it will aim to manage their investments very carefully and live up to this
trust
INNOVATION Recognizing the different needs of our customers the bank offers
a range of innovative products to meet these needs
INTEGRITY CUSTOMER CENTRIC PEOPLE CARE ldquoONE FOR ALL AND
ALL FOR ONErdquo TEAM WORK JOY AND SIMPLICITY
RESEARCH OBJECTIVES AND SCOPE OF RESEARCH PROJECT
PROBLEM DEFINATION
Personal Banker were with good background human being and through rigorous
process of recruitment but still not able to perform up to the expectation level of
company HR is not able to sort out the problem why the performance is not
coming even after giving the full marketing and operational support The
communication technique and dealing with the customers is also a problem to the
personal banker
OBJECTIVES OF RESEARCH PROJECT
PRIMARY OBJECTIVES
To acquire new customer by convincing them and to promote the benefits of
those which are provided by the bank
29
To find the different way of convincing customers
To study brand image of the bank
To increase the business of the bank
SECONDARY OBJECTIVES
To determine the need and purpose of a personal banker
To understand the deciding criteria for people to become a personal banker
To offer suggestions based upon the findings
PRODUCT SCOPE
Studying the increasing business scope of the bank Market segmentation to find
the potential customers for the bank To study how the various products are
positioned in the market Corporate marketing of products Customers‟ perception
on the various products of the bank
RESEARCH METHODOLOGY AND LIMITATIONS
All the findings and conclusions obtained are based on the survey done in the
working area within the time limit I tried to select the sample representative of the
whole group during my summer training I have collected data from people linked
with different professional at Gorakhpur
30
RESEARCH PLAN
PRELIMINARY INVESTIGATION
In which data on the situation surrounding the problems shall be gathered to
arrive at
The correct definition of the problem An understanding of its environment
EXPLORATORY STUDY
To determine the approximate area where the problem lies
RESEARCH DESIGN
Research was initiated by examining the secondary data to gain insight into the
problem By analyzing the secondary data the study aim is to explore the short
comings of the present system and primary data will help to validate the analysis of
secondary data besides on unrevealing the areas which calls for improvement
DEVELOPING THE RESEARCH PLAN
The data for this research project has been collected through self Administration
Due to time limitation and other constraints direct personal interview method is
31
used A structured questionnaire was framed as it is less time consuming generates
specific and to the point
information easier to tabulate and interpret Moreover respondents prefer to give
direct answers In questionnaires open ended and closed ended both the types of
questions has been used
COLLECTION OF DATA
1 SECONDARY DATA It was collected from internal sources The secondary
data was collected on the basis of organizational file official records news papers
magazines management books preserved information in the company‟s database
and website of the company
2 PRIMARY DATA All the people from different profession were personally
visited and interviewed They were the main source of Primary data The method
of collection of primary data was direct personal interview through a structured
questionnaire
SAMPLING PLAN Since it is not possible to study whole universe it becomes
necessary to take sample from the universe to know about its characteristics
Sampling Units Different professionals Chartered Accountants Tax
Consultants Lawyers Business Man Professionals and House Wives of
Gorakhpur
Sample Technique Random Sampling
32
Research Instrument Structured Questionnaire
Contact Method Personal Interview
SAMPLE SIZE My sample size for this project was 50 respondents Since it was
not possible to cover the whole universe in the available time period it was
necessary for me to take a sample size of 50 respondents
DATA COLLECTION INSTRUMENT DEVELOPMENT The mode of
collection of data will be based on Survey Method and Field Activity Primary data
collection will base on personal interview I have prepared the questionnaire
according to the necessity of the data to be collected
RESEARCH LIMITATIONS
It was not possible to understand thoroughly about the different marketing aspects
of the Financial Consultant within 60 days As stipend money was not given it was
difficult to continue the project work All the work was limited in some limited
areas of Gorakhpur so the findings should not be generalized The area of research
was Gorakhpur and it was too vast an area to cover within 60 days
DATA ANALYSIS INTERPRETATION AND PRESENTATION
Q1Your Age
33
Ans
1 18-23 Years 10 Person
2 24-29 Years 20 Person
3 30-35 Years 10 Person
4 35 Years and above 10 Person
Base 50 respondents
Interpretation From above response it can be seen that
20 respondent‟s age are 18 to 23 years
35 respondent‟s age are 24 to 29 years
30 respondent‟s age are 30 to 35 years
15 respondent‟s age are 35 to above years
Q2 Marital Status
bull Married bull Single
No of Children __________
Ans
Married 32 Person
Single 18 Person
No of Children Nil
Interpretation From above response it can be seen that
70 respondents are married
30 respondents are unmarried
Q3 Educational Qualification
34
Undergraduate
Graduate
Postgraduate
9Ans
Undergraduate 10 Person
Graduate 22 Person
Postgraduate 18 Person
Interpretation From above response it can be seen that
25 respondents are Under graduate
40 respondents are Graduate
35 respondents are Post graduate
Q4 Number Of year‟s Are You in Gorakhpur
Less than five year‟s
More than five year‟s
Ans
Less than five year‟s 17 Person
More than five year‟s 33 Person
Interpretation From above response it can be seen
that
39 respondents are in Gorakhpur for less than five years
61 respondents are in Gorakhpur for more than five years
Q5 Your Occupation
Business
35
Profession
Service
Ans
Business 13 Person
Profession 17 Person
Service 20 Person
Interpretation From above response it can be seen that
20 respondents Occupation is Business
26 respondents Occupation is Profession
54 respondents Occupation is Service
Q6 Your annual household income
Less than 2 lacs
Between 2 to 5 lacs
Between 5to 8 lacs
More than 8 lacs
Ans
Less than 2 lacs 32 Person
Between 2 to 5 lacs 13 Person
Between 5to 8 lacs 3 Person
More than 8 lacs 2 Person
Interpretation From above response it can be seen that
49 respondent‟s annual household income is less than 2 lacs
31 respondent‟s annual household income is between 2 to 5 lacs
15 respondent‟s annual household income is between 5 to 8 lacs
36
5 respondent‟s annual household income is more than 8 lacs
Q7 What is your perception about different productsservices provided by HDFC
bank
Lucrative
Not lucrative
No idea
Ans
Lucrative 12 Person
Not lucrative 33 Person
No idea 5 Person
Interpretation From above response it can be seen that
25 respondent‟s perception about different products is lucrative
60 respondent‟s perception about
different products is not lucrative
15 respondent‟s have no idea
Q8 Do you want to open an account with HDFC bank
Yes
No
Will tell later
Ans
Yes 8 Person
No 5 Person
Will tell later 37 Person
37
Interpretation From above response it can be seen that
80 respondents are not interested to open an account with the bank
5 respondents are interested to open an account with the bank
15 of the respondents say that they will tell later
Q9 Do you have all the documents which are required to open an account
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
60 respondents have all the documents which are required to open an
account with the bank
25 respondents do not have all the documents which are required to open
an account with the bank
Q10 Are you aware that the bank provides you free phone banking amp net banking
services If you open a new savings account with HDFC bank
Yes
No
Ans
Yes 32 Person
No 18 Person
Interpretation From above response it can be seen that
38
20 respondents are aware of it
40 respondents are not aware of it
Q11Are you aware of different terms and conditions which are very much
essential to maintain an account at HDFC Bank
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
12 respondents are familiar with different terms and conditions which are
very much essential to maintain account with the bank
88 respondents have no idea about it
Q13 Do you know about HDFC Bank‟s recruitment policies related to personal
banker
Yes
No
Ans
Yes 38 Person
No 12 Person
Interpretation From above response it can be seen that
41 respondents are known about HDFC Bank‟s recruitment policies
related to personal banker
39
59 respondents are not known about HDFC Bank‟s recruitment policies
related to personal banker
CONCLUSIONS
HDFC Bank the banking arm of HDFC is expected to go on stream The bank
already has good number of employees on board and is recruiting personal banker
heavily to take the headcount to many more It is on the brim of increasing its
customers through its attractive schemes and offer
The project opportunities provided was market segmentation and identifying
prospective customers in potential geographical location and convincing them to
attract more customers so that new business opportunities of the bank can be
explored Through this project it could be concluded that people are not much
aware about the various products of the bank and many of them not interested to
open an account to invest money at all services was considered as unsought good
which require hard core selling but in changing trend in income and people
becoming financially literate the demand for banking sector is increasing day by
day
So at last the conclusion is that there is tough competition ahead for the company
from its major competitors in the banking sector Last but not the least I would like
to thank HDFC Bank for giving me an opportunity to work in the field of
Marketing and Operation I hope the company finds my analysis relevant
40
BIBLIOGRAPHY
1 WEBSITES
wwwhdfcbankcom wwwgooglecom
21
Branch Network
G Cards
Silver Credit Card
Gold Credit Card
Womans Gold Credit Card
Platinum plus Credit Card
Titanium Credit Card
Value plus Credit Card
Health plus Credit Card
HDFC Bank Idea Silver Card
HDFC Bank Idea Gold Card
2 WHOLESALE BANKING SERVICES
Funded Services
Non Funded Services
Value Added Services
Internet Banking
Clearing Sub-Membership
RTGS ndash sub membership
Fund Transfer
ATM Tie-ups
Corporate Salary ac
Tax Collection
Financial Institutions
22
Mutual Funds
Stock Brokers
Insurance Companies
Commodities Business
Trusts
3 NRI BANKING SERVICES
Rupee Saving ac
Rupee Current ac
Rupee Fixed Deposits
Foreign Currency Deposits
Accounts for Returning Indians
Payment Services
Net Safe
Bill Pay
Insta Pay
Direct Pay
Visa Money
Online Donation
Remittances
MILESTONES IN THE HISTORY
23
HDFC Bank began its operations in 1995 with a simple mission to be a World-
class Indian Bank They realized that only a single-minded focus on product
quality and service excellence would help us get there Today they are proud to
say that they are well on our way towards that goal It is extremely gratifying that
their efforts towards providing customer convenience have been appreciated both
nationally and internationally
2009
Asia Money 2009 Awards Best Domestic Bank in India
IBA Banking Technology
Awards 2009
Best IT Governance Award - Runner up
Global Finance Award Best Trade Finance Bank in India for 2009
IDRBT Banking Technology
Excellence Award 2008
Best IT Governance and Value Delivery
Asian Banker Excellence in
Retail Financial Services
Asian Banker Best Retail Bank in India
Award 2009
24
2008
Finance Asia Country Awards
for Achievement 2008
Best Bank and Best Cash Management
Bank
CNN-IBN Indian of the Year (Business)
Nasscom IT User Award 2008 Best IT Adoption in the Banking Sector
Business India Best Bank 2008
Forbes Asia Fab 50 companies in Asia Pacific
Asian Banker Excellence in
Retail Financial Services
Best Retail Bank 2008
Asiamoney Best local Cash Management Bank Award voted
by Corporates
Microsoft amp Indian Express
Group
Security Strategist Award 2008
World Trade Center Award of
honour
For outstanding contribution to international
trade services
Business Today-Monitor
Group survey
One of Indias Most Innovative Companies
Financial Express-Ernst amp
Young Award
Best Bank Award in the Private Sector
category
Global HR Excellence Awards Employer Brand of the Year 2007 -2008
25
- Asia Pacific HRM Congress Award - First Runner up amp many more
Business Today Best Bank Award
2007
Dun amp Bradstreet ndash American
Express Corporate Best Bank
Award 2007
Corporate Best Bank Award
The Bombay Stock Exchange
and Nasscom Foundations
Business for Social
Responsibility Awards 2007
Best Corporate Social Responsibility
Practice Award
Outlook Money amp NDTV
Profit
Best Bank Award in the Private sector
category
The Asian Banker Excellence
in Retail Financial Services
Awards
Best Retail Bank in India
Asian Banker Our Managing Director Aditya Puri wins the
Leadership Achievement Award for India
26
MERGER
HDFC Bank and Centurion Bank of Punjab merger at share swap ratio of 129 The
Boards of HDFC Bank and Centurion Bank of Punjab met on 25 February 2008
and approved subject to due diligence the share swap ratio for the proposed
merger of Centurion Bank of Punjab with HDFC Bank The Scheme of
Amalgamation envisages a share exchange ratio of one share of HDFC Bank for
twenty nine shares of Centurion Bank of Punjab The combined entity would have
a nationwide network of 1148 branches (the largest amongst private sector Banks)
a strong deposit base of around Rs 1200 billion and net advances of around Rs
850billion The balance sheet size of the combined entity would be over Rs 1500
billion Commenting on the proposed merger Mr Deepak Parekh Chairman
HDFC said ldquoWe were amongst the first to get a banking license the first to do a
merger in the private sector with Times Bank in 1999 and now if this deal
happens it would be the largest merger in the private sector banking space in
India HDFC Bank was looking for an appropriate merger opportunity that would
add scale geography and experienced staff to its franchise This opportunity arose
and we thought it is an attractive route to supplement HDFC Bank‟s organic
growth We believe that Centurion Bank of Punjab would be the right fit in terms
of culture strategic intent and approach to businessrdquo Mr Aditya Puri Managing
Director HDFC Bank said ldquoThese are exciting times for the Indian banking
industry The proposed merger will position the combined entity to significantly
exploit opportunities in a market globally recognized as one of the fastest growing
27
I‟m particularly bullish about the potential of business synergies and cultural fit
between the two organizations The combined entity will be an even greater force
in the marketrdquo Mr Rana Talwar Chairman Centurion Bank of Punjab stated
ldquoOver the last few years Centurion Bank of Punjab has set benchmarks for growth
The bank today has a large nationwide network an extremely valuable franchise
7500
talented employees and strong leadership positions in the market place I believe
that the merger with HDFC Bank will create a world class bank in quality and
scale and will set the stage to compete with banks both locally as well on a global
levelrdquo
Mr Shailendra Bhandari Managing Director and CEO Centurion Bank of Punjab
said ldquoWe are extremely pleased to receive the go ahead from our board to pursue
this opportunity A merger between the banks provides significant synergies to the
combined entity The proposed merger would further improve the franchise and
customer proposition offered by the individual banksrdquo
QUALITY POLICY
SECURITY The bank provides long term financial security to their policy The
bank does this by offering life insurance and pension products
28
TRUST The bank appreciates the trust placed by their policy holders in the bank
Hence it will aim to manage their investments very carefully and live up to this
trust
INNOVATION Recognizing the different needs of our customers the bank offers
a range of innovative products to meet these needs
INTEGRITY CUSTOMER CENTRIC PEOPLE CARE ldquoONE FOR ALL AND
ALL FOR ONErdquo TEAM WORK JOY AND SIMPLICITY
RESEARCH OBJECTIVES AND SCOPE OF RESEARCH PROJECT
PROBLEM DEFINATION
Personal Banker were with good background human being and through rigorous
process of recruitment but still not able to perform up to the expectation level of
company HR is not able to sort out the problem why the performance is not
coming even after giving the full marketing and operational support The
communication technique and dealing with the customers is also a problem to the
personal banker
OBJECTIVES OF RESEARCH PROJECT
PRIMARY OBJECTIVES
To acquire new customer by convincing them and to promote the benefits of
those which are provided by the bank
29
To find the different way of convincing customers
To study brand image of the bank
To increase the business of the bank
SECONDARY OBJECTIVES
To determine the need and purpose of a personal banker
To understand the deciding criteria for people to become a personal banker
To offer suggestions based upon the findings
PRODUCT SCOPE
Studying the increasing business scope of the bank Market segmentation to find
the potential customers for the bank To study how the various products are
positioned in the market Corporate marketing of products Customers‟ perception
on the various products of the bank
RESEARCH METHODOLOGY AND LIMITATIONS
All the findings and conclusions obtained are based on the survey done in the
working area within the time limit I tried to select the sample representative of the
whole group during my summer training I have collected data from people linked
with different professional at Gorakhpur
30
RESEARCH PLAN
PRELIMINARY INVESTIGATION
In which data on the situation surrounding the problems shall be gathered to
arrive at
The correct definition of the problem An understanding of its environment
EXPLORATORY STUDY
To determine the approximate area where the problem lies
RESEARCH DESIGN
Research was initiated by examining the secondary data to gain insight into the
problem By analyzing the secondary data the study aim is to explore the short
comings of the present system and primary data will help to validate the analysis of
secondary data besides on unrevealing the areas which calls for improvement
DEVELOPING THE RESEARCH PLAN
The data for this research project has been collected through self Administration
Due to time limitation and other constraints direct personal interview method is
31
used A structured questionnaire was framed as it is less time consuming generates
specific and to the point
information easier to tabulate and interpret Moreover respondents prefer to give
direct answers In questionnaires open ended and closed ended both the types of
questions has been used
COLLECTION OF DATA
1 SECONDARY DATA It was collected from internal sources The secondary
data was collected on the basis of organizational file official records news papers
magazines management books preserved information in the company‟s database
and website of the company
2 PRIMARY DATA All the people from different profession were personally
visited and interviewed They were the main source of Primary data The method
of collection of primary data was direct personal interview through a structured
questionnaire
SAMPLING PLAN Since it is not possible to study whole universe it becomes
necessary to take sample from the universe to know about its characteristics
Sampling Units Different professionals Chartered Accountants Tax
Consultants Lawyers Business Man Professionals and House Wives of
Gorakhpur
Sample Technique Random Sampling
32
Research Instrument Structured Questionnaire
Contact Method Personal Interview
SAMPLE SIZE My sample size for this project was 50 respondents Since it was
not possible to cover the whole universe in the available time period it was
necessary for me to take a sample size of 50 respondents
DATA COLLECTION INSTRUMENT DEVELOPMENT The mode of
collection of data will be based on Survey Method and Field Activity Primary data
collection will base on personal interview I have prepared the questionnaire
according to the necessity of the data to be collected
RESEARCH LIMITATIONS
It was not possible to understand thoroughly about the different marketing aspects
of the Financial Consultant within 60 days As stipend money was not given it was
difficult to continue the project work All the work was limited in some limited
areas of Gorakhpur so the findings should not be generalized The area of research
was Gorakhpur and it was too vast an area to cover within 60 days
DATA ANALYSIS INTERPRETATION AND PRESENTATION
Q1Your Age
33
Ans
1 18-23 Years 10 Person
2 24-29 Years 20 Person
3 30-35 Years 10 Person
4 35 Years and above 10 Person
Base 50 respondents
Interpretation From above response it can be seen that
20 respondent‟s age are 18 to 23 years
35 respondent‟s age are 24 to 29 years
30 respondent‟s age are 30 to 35 years
15 respondent‟s age are 35 to above years
Q2 Marital Status
bull Married bull Single
No of Children __________
Ans
Married 32 Person
Single 18 Person
No of Children Nil
Interpretation From above response it can be seen that
70 respondents are married
30 respondents are unmarried
Q3 Educational Qualification
34
Undergraduate
Graduate
Postgraduate
9Ans
Undergraduate 10 Person
Graduate 22 Person
Postgraduate 18 Person
Interpretation From above response it can be seen that
25 respondents are Under graduate
40 respondents are Graduate
35 respondents are Post graduate
Q4 Number Of year‟s Are You in Gorakhpur
Less than five year‟s
More than five year‟s
Ans
Less than five year‟s 17 Person
More than five year‟s 33 Person
Interpretation From above response it can be seen
that
39 respondents are in Gorakhpur for less than five years
61 respondents are in Gorakhpur for more than five years
Q5 Your Occupation
Business
35
Profession
Service
Ans
Business 13 Person
Profession 17 Person
Service 20 Person
Interpretation From above response it can be seen that
20 respondents Occupation is Business
26 respondents Occupation is Profession
54 respondents Occupation is Service
Q6 Your annual household income
Less than 2 lacs
Between 2 to 5 lacs
Between 5to 8 lacs
More than 8 lacs
Ans
Less than 2 lacs 32 Person
Between 2 to 5 lacs 13 Person
Between 5to 8 lacs 3 Person
More than 8 lacs 2 Person
Interpretation From above response it can be seen that
49 respondent‟s annual household income is less than 2 lacs
31 respondent‟s annual household income is between 2 to 5 lacs
15 respondent‟s annual household income is between 5 to 8 lacs
36
5 respondent‟s annual household income is more than 8 lacs
Q7 What is your perception about different productsservices provided by HDFC
bank
Lucrative
Not lucrative
No idea
Ans
Lucrative 12 Person
Not lucrative 33 Person
No idea 5 Person
Interpretation From above response it can be seen that
25 respondent‟s perception about different products is lucrative
60 respondent‟s perception about
different products is not lucrative
15 respondent‟s have no idea
Q8 Do you want to open an account with HDFC bank
Yes
No
Will tell later
Ans
Yes 8 Person
No 5 Person
Will tell later 37 Person
37
Interpretation From above response it can be seen that
80 respondents are not interested to open an account with the bank
5 respondents are interested to open an account with the bank
15 of the respondents say that they will tell later
Q9 Do you have all the documents which are required to open an account
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
60 respondents have all the documents which are required to open an
account with the bank
25 respondents do not have all the documents which are required to open
an account with the bank
Q10 Are you aware that the bank provides you free phone banking amp net banking
services If you open a new savings account with HDFC bank
Yes
No
Ans
Yes 32 Person
No 18 Person
Interpretation From above response it can be seen that
38
20 respondents are aware of it
40 respondents are not aware of it
Q11Are you aware of different terms and conditions which are very much
essential to maintain an account at HDFC Bank
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
12 respondents are familiar with different terms and conditions which are
very much essential to maintain account with the bank
88 respondents have no idea about it
Q13 Do you know about HDFC Bank‟s recruitment policies related to personal
banker
Yes
No
Ans
Yes 38 Person
No 12 Person
Interpretation From above response it can be seen that
41 respondents are known about HDFC Bank‟s recruitment policies
related to personal banker
39
59 respondents are not known about HDFC Bank‟s recruitment policies
related to personal banker
CONCLUSIONS
HDFC Bank the banking arm of HDFC is expected to go on stream The bank
already has good number of employees on board and is recruiting personal banker
heavily to take the headcount to many more It is on the brim of increasing its
customers through its attractive schemes and offer
The project opportunities provided was market segmentation and identifying
prospective customers in potential geographical location and convincing them to
attract more customers so that new business opportunities of the bank can be
explored Through this project it could be concluded that people are not much
aware about the various products of the bank and many of them not interested to
open an account to invest money at all services was considered as unsought good
which require hard core selling but in changing trend in income and people
becoming financially literate the demand for banking sector is increasing day by
day
So at last the conclusion is that there is tough competition ahead for the company
from its major competitors in the banking sector Last but not the least I would like
to thank HDFC Bank for giving me an opportunity to work in the field of
Marketing and Operation I hope the company finds my analysis relevant
40
BIBLIOGRAPHY
1 WEBSITES
wwwhdfcbankcom wwwgooglecom
22
Mutual Funds
Stock Brokers
Insurance Companies
Commodities Business
Trusts
3 NRI BANKING SERVICES
Rupee Saving ac
Rupee Current ac
Rupee Fixed Deposits
Foreign Currency Deposits
Accounts for Returning Indians
Payment Services
Net Safe
Bill Pay
Insta Pay
Direct Pay
Visa Money
Online Donation
Remittances
MILESTONES IN THE HISTORY
23
HDFC Bank began its operations in 1995 with a simple mission to be a World-
class Indian Bank They realized that only a single-minded focus on product
quality and service excellence would help us get there Today they are proud to
say that they are well on our way towards that goal It is extremely gratifying that
their efforts towards providing customer convenience have been appreciated both
nationally and internationally
2009
Asia Money 2009 Awards Best Domestic Bank in India
IBA Banking Technology
Awards 2009
Best IT Governance Award - Runner up
Global Finance Award Best Trade Finance Bank in India for 2009
IDRBT Banking Technology
Excellence Award 2008
Best IT Governance and Value Delivery
Asian Banker Excellence in
Retail Financial Services
Asian Banker Best Retail Bank in India
Award 2009
24
2008
Finance Asia Country Awards
for Achievement 2008
Best Bank and Best Cash Management
Bank
CNN-IBN Indian of the Year (Business)
Nasscom IT User Award 2008 Best IT Adoption in the Banking Sector
Business India Best Bank 2008
Forbes Asia Fab 50 companies in Asia Pacific
Asian Banker Excellence in
Retail Financial Services
Best Retail Bank 2008
Asiamoney Best local Cash Management Bank Award voted
by Corporates
Microsoft amp Indian Express
Group
Security Strategist Award 2008
World Trade Center Award of
honour
For outstanding contribution to international
trade services
Business Today-Monitor
Group survey
One of Indias Most Innovative Companies
Financial Express-Ernst amp
Young Award
Best Bank Award in the Private Sector
category
Global HR Excellence Awards Employer Brand of the Year 2007 -2008
25
- Asia Pacific HRM Congress Award - First Runner up amp many more
Business Today Best Bank Award
2007
Dun amp Bradstreet ndash American
Express Corporate Best Bank
Award 2007
Corporate Best Bank Award
The Bombay Stock Exchange
and Nasscom Foundations
Business for Social
Responsibility Awards 2007
Best Corporate Social Responsibility
Practice Award
Outlook Money amp NDTV
Profit
Best Bank Award in the Private sector
category
The Asian Banker Excellence
in Retail Financial Services
Awards
Best Retail Bank in India
Asian Banker Our Managing Director Aditya Puri wins the
Leadership Achievement Award for India
26
MERGER
HDFC Bank and Centurion Bank of Punjab merger at share swap ratio of 129 The
Boards of HDFC Bank and Centurion Bank of Punjab met on 25 February 2008
and approved subject to due diligence the share swap ratio for the proposed
merger of Centurion Bank of Punjab with HDFC Bank The Scheme of
Amalgamation envisages a share exchange ratio of one share of HDFC Bank for
twenty nine shares of Centurion Bank of Punjab The combined entity would have
a nationwide network of 1148 branches (the largest amongst private sector Banks)
a strong deposit base of around Rs 1200 billion and net advances of around Rs
850billion The balance sheet size of the combined entity would be over Rs 1500
billion Commenting on the proposed merger Mr Deepak Parekh Chairman
HDFC said ldquoWe were amongst the first to get a banking license the first to do a
merger in the private sector with Times Bank in 1999 and now if this deal
happens it would be the largest merger in the private sector banking space in
India HDFC Bank was looking for an appropriate merger opportunity that would
add scale geography and experienced staff to its franchise This opportunity arose
and we thought it is an attractive route to supplement HDFC Bank‟s organic
growth We believe that Centurion Bank of Punjab would be the right fit in terms
of culture strategic intent and approach to businessrdquo Mr Aditya Puri Managing
Director HDFC Bank said ldquoThese are exciting times for the Indian banking
industry The proposed merger will position the combined entity to significantly
exploit opportunities in a market globally recognized as one of the fastest growing
27
I‟m particularly bullish about the potential of business synergies and cultural fit
between the two organizations The combined entity will be an even greater force
in the marketrdquo Mr Rana Talwar Chairman Centurion Bank of Punjab stated
ldquoOver the last few years Centurion Bank of Punjab has set benchmarks for growth
The bank today has a large nationwide network an extremely valuable franchise
7500
talented employees and strong leadership positions in the market place I believe
that the merger with HDFC Bank will create a world class bank in quality and
scale and will set the stage to compete with banks both locally as well on a global
levelrdquo
Mr Shailendra Bhandari Managing Director and CEO Centurion Bank of Punjab
said ldquoWe are extremely pleased to receive the go ahead from our board to pursue
this opportunity A merger between the banks provides significant synergies to the
combined entity The proposed merger would further improve the franchise and
customer proposition offered by the individual banksrdquo
QUALITY POLICY
SECURITY The bank provides long term financial security to their policy The
bank does this by offering life insurance and pension products
28
TRUST The bank appreciates the trust placed by their policy holders in the bank
Hence it will aim to manage their investments very carefully and live up to this
trust
INNOVATION Recognizing the different needs of our customers the bank offers
a range of innovative products to meet these needs
INTEGRITY CUSTOMER CENTRIC PEOPLE CARE ldquoONE FOR ALL AND
ALL FOR ONErdquo TEAM WORK JOY AND SIMPLICITY
RESEARCH OBJECTIVES AND SCOPE OF RESEARCH PROJECT
PROBLEM DEFINATION
Personal Banker were with good background human being and through rigorous
process of recruitment but still not able to perform up to the expectation level of
company HR is not able to sort out the problem why the performance is not
coming even after giving the full marketing and operational support The
communication technique and dealing with the customers is also a problem to the
personal banker
OBJECTIVES OF RESEARCH PROJECT
PRIMARY OBJECTIVES
To acquire new customer by convincing them and to promote the benefits of
those which are provided by the bank
29
To find the different way of convincing customers
To study brand image of the bank
To increase the business of the bank
SECONDARY OBJECTIVES
To determine the need and purpose of a personal banker
To understand the deciding criteria for people to become a personal banker
To offer suggestions based upon the findings
PRODUCT SCOPE
Studying the increasing business scope of the bank Market segmentation to find
the potential customers for the bank To study how the various products are
positioned in the market Corporate marketing of products Customers‟ perception
on the various products of the bank
RESEARCH METHODOLOGY AND LIMITATIONS
All the findings and conclusions obtained are based on the survey done in the
working area within the time limit I tried to select the sample representative of the
whole group during my summer training I have collected data from people linked
with different professional at Gorakhpur
30
RESEARCH PLAN
PRELIMINARY INVESTIGATION
In which data on the situation surrounding the problems shall be gathered to
arrive at
The correct definition of the problem An understanding of its environment
EXPLORATORY STUDY
To determine the approximate area where the problem lies
RESEARCH DESIGN
Research was initiated by examining the secondary data to gain insight into the
problem By analyzing the secondary data the study aim is to explore the short
comings of the present system and primary data will help to validate the analysis of
secondary data besides on unrevealing the areas which calls for improvement
DEVELOPING THE RESEARCH PLAN
The data for this research project has been collected through self Administration
Due to time limitation and other constraints direct personal interview method is
31
used A structured questionnaire was framed as it is less time consuming generates
specific and to the point
information easier to tabulate and interpret Moreover respondents prefer to give
direct answers In questionnaires open ended and closed ended both the types of
questions has been used
COLLECTION OF DATA
1 SECONDARY DATA It was collected from internal sources The secondary
data was collected on the basis of organizational file official records news papers
magazines management books preserved information in the company‟s database
and website of the company
2 PRIMARY DATA All the people from different profession were personally
visited and interviewed They were the main source of Primary data The method
of collection of primary data was direct personal interview through a structured
questionnaire
SAMPLING PLAN Since it is not possible to study whole universe it becomes
necessary to take sample from the universe to know about its characteristics
Sampling Units Different professionals Chartered Accountants Tax
Consultants Lawyers Business Man Professionals and House Wives of
Gorakhpur
Sample Technique Random Sampling
32
Research Instrument Structured Questionnaire
Contact Method Personal Interview
SAMPLE SIZE My sample size for this project was 50 respondents Since it was
not possible to cover the whole universe in the available time period it was
necessary for me to take a sample size of 50 respondents
DATA COLLECTION INSTRUMENT DEVELOPMENT The mode of
collection of data will be based on Survey Method and Field Activity Primary data
collection will base on personal interview I have prepared the questionnaire
according to the necessity of the data to be collected
RESEARCH LIMITATIONS
It was not possible to understand thoroughly about the different marketing aspects
of the Financial Consultant within 60 days As stipend money was not given it was
difficult to continue the project work All the work was limited in some limited
areas of Gorakhpur so the findings should not be generalized The area of research
was Gorakhpur and it was too vast an area to cover within 60 days
DATA ANALYSIS INTERPRETATION AND PRESENTATION
Q1Your Age
33
Ans
1 18-23 Years 10 Person
2 24-29 Years 20 Person
3 30-35 Years 10 Person
4 35 Years and above 10 Person
Base 50 respondents
Interpretation From above response it can be seen that
20 respondent‟s age are 18 to 23 years
35 respondent‟s age are 24 to 29 years
30 respondent‟s age are 30 to 35 years
15 respondent‟s age are 35 to above years
Q2 Marital Status
bull Married bull Single
No of Children __________
Ans
Married 32 Person
Single 18 Person
No of Children Nil
Interpretation From above response it can be seen that
70 respondents are married
30 respondents are unmarried
Q3 Educational Qualification
34
Undergraduate
Graduate
Postgraduate
9Ans
Undergraduate 10 Person
Graduate 22 Person
Postgraduate 18 Person
Interpretation From above response it can be seen that
25 respondents are Under graduate
40 respondents are Graduate
35 respondents are Post graduate
Q4 Number Of year‟s Are You in Gorakhpur
Less than five year‟s
More than five year‟s
Ans
Less than five year‟s 17 Person
More than five year‟s 33 Person
Interpretation From above response it can be seen
that
39 respondents are in Gorakhpur for less than five years
61 respondents are in Gorakhpur for more than five years
Q5 Your Occupation
Business
35
Profession
Service
Ans
Business 13 Person
Profession 17 Person
Service 20 Person
Interpretation From above response it can be seen that
20 respondents Occupation is Business
26 respondents Occupation is Profession
54 respondents Occupation is Service
Q6 Your annual household income
Less than 2 lacs
Between 2 to 5 lacs
Between 5to 8 lacs
More than 8 lacs
Ans
Less than 2 lacs 32 Person
Between 2 to 5 lacs 13 Person
Between 5to 8 lacs 3 Person
More than 8 lacs 2 Person
Interpretation From above response it can be seen that
49 respondent‟s annual household income is less than 2 lacs
31 respondent‟s annual household income is between 2 to 5 lacs
15 respondent‟s annual household income is between 5 to 8 lacs
36
5 respondent‟s annual household income is more than 8 lacs
Q7 What is your perception about different productsservices provided by HDFC
bank
Lucrative
Not lucrative
No idea
Ans
Lucrative 12 Person
Not lucrative 33 Person
No idea 5 Person
Interpretation From above response it can be seen that
25 respondent‟s perception about different products is lucrative
60 respondent‟s perception about
different products is not lucrative
15 respondent‟s have no idea
Q8 Do you want to open an account with HDFC bank
Yes
No
Will tell later
Ans
Yes 8 Person
No 5 Person
Will tell later 37 Person
37
Interpretation From above response it can be seen that
80 respondents are not interested to open an account with the bank
5 respondents are interested to open an account with the bank
15 of the respondents say that they will tell later
Q9 Do you have all the documents which are required to open an account
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
60 respondents have all the documents which are required to open an
account with the bank
25 respondents do not have all the documents which are required to open
an account with the bank
Q10 Are you aware that the bank provides you free phone banking amp net banking
services If you open a new savings account with HDFC bank
Yes
No
Ans
Yes 32 Person
No 18 Person
Interpretation From above response it can be seen that
38
20 respondents are aware of it
40 respondents are not aware of it
Q11Are you aware of different terms and conditions which are very much
essential to maintain an account at HDFC Bank
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
12 respondents are familiar with different terms and conditions which are
very much essential to maintain account with the bank
88 respondents have no idea about it
Q13 Do you know about HDFC Bank‟s recruitment policies related to personal
banker
Yes
No
Ans
Yes 38 Person
No 12 Person
Interpretation From above response it can be seen that
41 respondents are known about HDFC Bank‟s recruitment policies
related to personal banker
39
59 respondents are not known about HDFC Bank‟s recruitment policies
related to personal banker
CONCLUSIONS
HDFC Bank the banking arm of HDFC is expected to go on stream The bank
already has good number of employees on board and is recruiting personal banker
heavily to take the headcount to many more It is on the brim of increasing its
customers through its attractive schemes and offer
The project opportunities provided was market segmentation and identifying
prospective customers in potential geographical location and convincing them to
attract more customers so that new business opportunities of the bank can be
explored Through this project it could be concluded that people are not much
aware about the various products of the bank and many of them not interested to
open an account to invest money at all services was considered as unsought good
which require hard core selling but in changing trend in income and people
becoming financially literate the demand for banking sector is increasing day by
day
So at last the conclusion is that there is tough competition ahead for the company
from its major competitors in the banking sector Last but not the least I would like
to thank HDFC Bank for giving me an opportunity to work in the field of
Marketing and Operation I hope the company finds my analysis relevant
40
BIBLIOGRAPHY
1 WEBSITES
wwwhdfcbankcom wwwgooglecom
23
HDFC Bank began its operations in 1995 with a simple mission to be a World-
class Indian Bank They realized that only a single-minded focus on product
quality and service excellence would help us get there Today they are proud to
say that they are well on our way towards that goal It is extremely gratifying that
their efforts towards providing customer convenience have been appreciated both
nationally and internationally
2009
Asia Money 2009 Awards Best Domestic Bank in India
IBA Banking Technology
Awards 2009
Best IT Governance Award - Runner up
Global Finance Award Best Trade Finance Bank in India for 2009
IDRBT Banking Technology
Excellence Award 2008
Best IT Governance and Value Delivery
Asian Banker Excellence in
Retail Financial Services
Asian Banker Best Retail Bank in India
Award 2009
24
2008
Finance Asia Country Awards
for Achievement 2008
Best Bank and Best Cash Management
Bank
CNN-IBN Indian of the Year (Business)
Nasscom IT User Award 2008 Best IT Adoption in the Banking Sector
Business India Best Bank 2008
Forbes Asia Fab 50 companies in Asia Pacific
Asian Banker Excellence in
Retail Financial Services
Best Retail Bank 2008
Asiamoney Best local Cash Management Bank Award voted
by Corporates
Microsoft amp Indian Express
Group
Security Strategist Award 2008
World Trade Center Award of
honour
For outstanding contribution to international
trade services
Business Today-Monitor
Group survey
One of Indias Most Innovative Companies
Financial Express-Ernst amp
Young Award
Best Bank Award in the Private Sector
category
Global HR Excellence Awards Employer Brand of the Year 2007 -2008
25
- Asia Pacific HRM Congress Award - First Runner up amp many more
Business Today Best Bank Award
2007
Dun amp Bradstreet ndash American
Express Corporate Best Bank
Award 2007
Corporate Best Bank Award
The Bombay Stock Exchange
and Nasscom Foundations
Business for Social
Responsibility Awards 2007
Best Corporate Social Responsibility
Practice Award
Outlook Money amp NDTV
Profit
Best Bank Award in the Private sector
category
The Asian Banker Excellence
in Retail Financial Services
Awards
Best Retail Bank in India
Asian Banker Our Managing Director Aditya Puri wins the
Leadership Achievement Award for India
26
MERGER
HDFC Bank and Centurion Bank of Punjab merger at share swap ratio of 129 The
Boards of HDFC Bank and Centurion Bank of Punjab met on 25 February 2008
and approved subject to due diligence the share swap ratio for the proposed
merger of Centurion Bank of Punjab with HDFC Bank The Scheme of
Amalgamation envisages a share exchange ratio of one share of HDFC Bank for
twenty nine shares of Centurion Bank of Punjab The combined entity would have
a nationwide network of 1148 branches (the largest amongst private sector Banks)
a strong deposit base of around Rs 1200 billion and net advances of around Rs
850billion The balance sheet size of the combined entity would be over Rs 1500
billion Commenting on the proposed merger Mr Deepak Parekh Chairman
HDFC said ldquoWe were amongst the first to get a banking license the first to do a
merger in the private sector with Times Bank in 1999 and now if this deal
happens it would be the largest merger in the private sector banking space in
India HDFC Bank was looking for an appropriate merger opportunity that would
add scale geography and experienced staff to its franchise This opportunity arose
and we thought it is an attractive route to supplement HDFC Bank‟s organic
growth We believe that Centurion Bank of Punjab would be the right fit in terms
of culture strategic intent and approach to businessrdquo Mr Aditya Puri Managing
Director HDFC Bank said ldquoThese are exciting times for the Indian banking
industry The proposed merger will position the combined entity to significantly
exploit opportunities in a market globally recognized as one of the fastest growing
27
I‟m particularly bullish about the potential of business synergies and cultural fit
between the two organizations The combined entity will be an even greater force
in the marketrdquo Mr Rana Talwar Chairman Centurion Bank of Punjab stated
ldquoOver the last few years Centurion Bank of Punjab has set benchmarks for growth
The bank today has a large nationwide network an extremely valuable franchise
7500
talented employees and strong leadership positions in the market place I believe
that the merger with HDFC Bank will create a world class bank in quality and
scale and will set the stage to compete with banks both locally as well on a global
levelrdquo
Mr Shailendra Bhandari Managing Director and CEO Centurion Bank of Punjab
said ldquoWe are extremely pleased to receive the go ahead from our board to pursue
this opportunity A merger between the banks provides significant synergies to the
combined entity The proposed merger would further improve the franchise and
customer proposition offered by the individual banksrdquo
QUALITY POLICY
SECURITY The bank provides long term financial security to their policy The
bank does this by offering life insurance and pension products
28
TRUST The bank appreciates the trust placed by their policy holders in the bank
Hence it will aim to manage their investments very carefully and live up to this
trust
INNOVATION Recognizing the different needs of our customers the bank offers
a range of innovative products to meet these needs
INTEGRITY CUSTOMER CENTRIC PEOPLE CARE ldquoONE FOR ALL AND
ALL FOR ONErdquo TEAM WORK JOY AND SIMPLICITY
RESEARCH OBJECTIVES AND SCOPE OF RESEARCH PROJECT
PROBLEM DEFINATION
Personal Banker were with good background human being and through rigorous
process of recruitment but still not able to perform up to the expectation level of
company HR is not able to sort out the problem why the performance is not
coming even after giving the full marketing and operational support The
communication technique and dealing with the customers is also a problem to the
personal banker
OBJECTIVES OF RESEARCH PROJECT
PRIMARY OBJECTIVES
To acquire new customer by convincing them and to promote the benefits of
those which are provided by the bank
29
To find the different way of convincing customers
To study brand image of the bank
To increase the business of the bank
SECONDARY OBJECTIVES
To determine the need and purpose of a personal banker
To understand the deciding criteria for people to become a personal banker
To offer suggestions based upon the findings
PRODUCT SCOPE
Studying the increasing business scope of the bank Market segmentation to find
the potential customers for the bank To study how the various products are
positioned in the market Corporate marketing of products Customers‟ perception
on the various products of the bank
RESEARCH METHODOLOGY AND LIMITATIONS
All the findings and conclusions obtained are based on the survey done in the
working area within the time limit I tried to select the sample representative of the
whole group during my summer training I have collected data from people linked
with different professional at Gorakhpur
30
RESEARCH PLAN
PRELIMINARY INVESTIGATION
In which data on the situation surrounding the problems shall be gathered to
arrive at
The correct definition of the problem An understanding of its environment
EXPLORATORY STUDY
To determine the approximate area where the problem lies
RESEARCH DESIGN
Research was initiated by examining the secondary data to gain insight into the
problem By analyzing the secondary data the study aim is to explore the short
comings of the present system and primary data will help to validate the analysis of
secondary data besides on unrevealing the areas which calls for improvement
DEVELOPING THE RESEARCH PLAN
The data for this research project has been collected through self Administration
Due to time limitation and other constraints direct personal interview method is
31
used A structured questionnaire was framed as it is less time consuming generates
specific and to the point
information easier to tabulate and interpret Moreover respondents prefer to give
direct answers In questionnaires open ended and closed ended both the types of
questions has been used
COLLECTION OF DATA
1 SECONDARY DATA It was collected from internal sources The secondary
data was collected on the basis of organizational file official records news papers
magazines management books preserved information in the company‟s database
and website of the company
2 PRIMARY DATA All the people from different profession were personally
visited and interviewed They were the main source of Primary data The method
of collection of primary data was direct personal interview through a structured
questionnaire
SAMPLING PLAN Since it is not possible to study whole universe it becomes
necessary to take sample from the universe to know about its characteristics
Sampling Units Different professionals Chartered Accountants Tax
Consultants Lawyers Business Man Professionals and House Wives of
Gorakhpur
Sample Technique Random Sampling
32
Research Instrument Structured Questionnaire
Contact Method Personal Interview
SAMPLE SIZE My sample size for this project was 50 respondents Since it was
not possible to cover the whole universe in the available time period it was
necessary for me to take a sample size of 50 respondents
DATA COLLECTION INSTRUMENT DEVELOPMENT The mode of
collection of data will be based on Survey Method and Field Activity Primary data
collection will base on personal interview I have prepared the questionnaire
according to the necessity of the data to be collected
RESEARCH LIMITATIONS
It was not possible to understand thoroughly about the different marketing aspects
of the Financial Consultant within 60 days As stipend money was not given it was
difficult to continue the project work All the work was limited in some limited
areas of Gorakhpur so the findings should not be generalized The area of research
was Gorakhpur and it was too vast an area to cover within 60 days
DATA ANALYSIS INTERPRETATION AND PRESENTATION
Q1Your Age
33
Ans
1 18-23 Years 10 Person
2 24-29 Years 20 Person
3 30-35 Years 10 Person
4 35 Years and above 10 Person
Base 50 respondents
Interpretation From above response it can be seen that
20 respondent‟s age are 18 to 23 years
35 respondent‟s age are 24 to 29 years
30 respondent‟s age are 30 to 35 years
15 respondent‟s age are 35 to above years
Q2 Marital Status
bull Married bull Single
No of Children __________
Ans
Married 32 Person
Single 18 Person
No of Children Nil
Interpretation From above response it can be seen that
70 respondents are married
30 respondents are unmarried
Q3 Educational Qualification
34
Undergraduate
Graduate
Postgraduate
9Ans
Undergraduate 10 Person
Graduate 22 Person
Postgraduate 18 Person
Interpretation From above response it can be seen that
25 respondents are Under graduate
40 respondents are Graduate
35 respondents are Post graduate
Q4 Number Of year‟s Are You in Gorakhpur
Less than five year‟s
More than five year‟s
Ans
Less than five year‟s 17 Person
More than five year‟s 33 Person
Interpretation From above response it can be seen
that
39 respondents are in Gorakhpur for less than five years
61 respondents are in Gorakhpur for more than five years
Q5 Your Occupation
Business
35
Profession
Service
Ans
Business 13 Person
Profession 17 Person
Service 20 Person
Interpretation From above response it can be seen that
20 respondents Occupation is Business
26 respondents Occupation is Profession
54 respondents Occupation is Service
Q6 Your annual household income
Less than 2 lacs
Between 2 to 5 lacs
Between 5to 8 lacs
More than 8 lacs
Ans
Less than 2 lacs 32 Person
Between 2 to 5 lacs 13 Person
Between 5to 8 lacs 3 Person
More than 8 lacs 2 Person
Interpretation From above response it can be seen that
49 respondent‟s annual household income is less than 2 lacs
31 respondent‟s annual household income is between 2 to 5 lacs
15 respondent‟s annual household income is between 5 to 8 lacs
36
5 respondent‟s annual household income is more than 8 lacs
Q7 What is your perception about different productsservices provided by HDFC
bank
Lucrative
Not lucrative
No idea
Ans
Lucrative 12 Person
Not lucrative 33 Person
No idea 5 Person
Interpretation From above response it can be seen that
25 respondent‟s perception about different products is lucrative
60 respondent‟s perception about
different products is not lucrative
15 respondent‟s have no idea
Q8 Do you want to open an account with HDFC bank
Yes
No
Will tell later
Ans
Yes 8 Person
No 5 Person
Will tell later 37 Person
37
Interpretation From above response it can be seen that
80 respondents are not interested to open an account with the bank
5 respondents are interested to open an account with the bank
15 of the respondents say that they will tell later
Q9 Do you have all the documents which are required to open an account
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
60 respondents have all the documents which are required to open an
account with the bank
25 respondents do not have all the documents which are required to open
an account with the bank
Q10 Are you aware that the bank provides you free phone banking amp net banking
services If you open a new savings account with HDFC bank
Yes
No
Ans
Yes 32 Person
No 18 Person
Interpretation From above response it can be seen that
38
20 respondents are aware of it
40 respondents are not aware of it
Q11Are you aware of different terms and conditions which are very much
essential to maintain an account at HDFC Bank
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
12 respondents are familiar with different terms and conditions which are
very much essential to maintain account with the bank
88 respondents have no idea about it
Q13 Do you know about HDFC Bank‟s recruitment policies related to personal
banker
Yes
No
Ans
Yes 38 Person
No 12 Person
Interpretation From above response it can be seen that
41 respondents are known about HDFC Bank‟s recruitment policies
related to personal banker
39
59 respondents are not known about HDFC Bank‟s recruitment policies
related to personal banker
CONCLUSIONS
HDFC Bank the banking arm of HDFC is expected to go on stream The bank
already has good number of employees on board and is recruiting personal banker
heavily to take the headcount to many more It is on the brim of increasing its
customers through its attractive schemes and offer
The project opportunities provided was market segmentation and identifying
prospective customers in potential geographical location and convincing them to
attract more customers so that new business opportunities of the bank can be
explored Through this project it could be concluded that people are not much
aware about the various products of the bank and many of them not interested to
open an account to invest money at all services was considered as unsought good
which require hard core selling but in changing trend in income and people
becoming financially literate the demand for banking sector is increasing day by
day
So at last the conclusion is that there is tough competition ahead for the company
from its major competitors in the banking sector Last but not the least I would like
to thank HDFC Bank for giving me an opportunity to work in the field of
Marketing and Operation I hope the company finds my analysis relevant
40
BIBLIOGRAPHY
1 WEBSITES
wwwhdfcbankcom wwwgooglecom
24
2008
Finance Asia Country Awards
for Achievement 2008
Best Bank and Best Cash Management
Bank
CNN-IBN Indian of the Year (Business)
Nasscom IT User Award 2008 Best IT Adoption in the Banking Sector
Business India Best Bank 2008
Forbes Asia Fab 50 companies in Asia Pacific
Asian Banker Excellence in
Retail Financial Services
Best Retail Bank 2008
Asiamoney Best local Cash Management Bank Award voted
by Corporates
Microsoft amp Indian Express
Group
Security Strategist Award 2008
World Trade Center Award of
honour
For outstanding contribution to international
trade services
Business Today-Monitor
Group survey
One of Indias Most Innovative Companies
Financial Express-Ernst amp
Young Award
Best Bank Award in the Private Sector
category
Global HR Excellence Awards Employer Brand of the Year 2007 -2008
25
- Asia Pacific HRM Congress Award - First Runner up amp many more
Business Today Best Bank Award
2007
Dun amp Bradstreet ndash American
Express Corporate Best Bank
Award 2007
Corporate Best Bank Award
The Bombay Stock Exchange
and Nasscom Foundations
Business for Social
Responsibility Awards 2007
Best Corporate Social Responsibility
Practice Award
Outlook Money amp NDTV
Profit
Best Bank Award in the Private sector
category
The Asian Banker Excellence
in Retail Financial Services
Awards
Best Retail Bank in India
Asian Banker Our Managing Director Aditya Puri wins the
Leadership Achievement Award for India
26
MERGER
HDFC Bank and Centurion Bank of Punjab merger at share swap ratio of 129 The
Boards of HDFC Bank and Centurion Bank of Punjab met on 25 February 2008
and approved subject to due diligence the share swap ratio for the proposed
merger of Centurion Bank of Punjab with HDFC Bank The Scheme of
Amalgamation envisages a share exchange ratio of one share of HDFC Bank for
twenty nine shares of Centurion Bank of Punjab The combined entity would have
a nationwide network of 1148 branches (the largest amongst private sector Banks)
a strong deposit base of around Rs 1200 billion and net advances of around Rs
850billion The balance sheet size of the combined entity would be over Rs 1500
billion Commenting on the proposed merger Mr Deepak Parekh Chairman
HDFC said ldquoWe were amongst the first to get a banking license the first to do a
merger in the private sector with Times Bank in 1999 and now if this deal
happens it would be the largest merger in the private sector banking space in
India HDFC Bank was looking for an appropriate merger opportunity that would
add scale geography and experienced staff to its franchise This opportunity arose
and we thought it is an attractive route to supplement HDFC Bank‟s organic
growth We believe that Centurion Bank of Punjab would be the right fit in terms
of culture strategic intent and approach to businessrdquo Mr Aditya Puri Managing
Director HDFC Bank said ldquoThese are exciting times for the Indian banking
industry The proposed merger will position the combined entity to significantly
exploit opportunities in a market globally recognized as one of the fastest growing
27
I‟m particularly bullish about the potential of business synergies and cultural fit
between the two organizations The combined entity will be an even greater force
in the marketrdquo Mr Rana Talwar Chairman Centurion Bank of Punjab stated
ldquoOver the last few years Centurion Bank of Punjab has set benchmarks for growth
The bank today has a large nationwide network an extremely valuable franchise
7500
talented employees and strong leadership positions in the market place I believe
that the merger with HDFC Bank will create a world class bank in quality and
scale and will set the stage to compete with banks both locally as well on a global
levelrdquo
Mr Shailendra Bhandari Managing Director and CEO Centurion Bank of Punjab
said ldquoWe are extremely pleased to receive the go ahead from our board to pursue
this opportunity A merger between the banks provides significant synergies to the
combined entity The proposed merger would further improve the franchise and
customer proposition offered by the individual banksrdquo
QUALITY POLICY
SECURITY The bank provides long term financial security to their policy The
bank does this by offering life insurance and pension products
28
TRUST The bank appreciates the trust placed by their policy holders in the bank
Hence it will aim to manage their investments very carefully and live up to this
trust
INNOVATION Recognizing the different needs of our customers the bank offers
a range of innovative products to meet these needs
INTEGRITY CUSTOMER CENTRIC PEOPLE CARE ldquoONE FOR ALL AND
ALL FOR ONErdquo TEAM WORK JOY AND SIMPLICITY
RESEARCH OBJECTIVES AND SCOPE OF RESEARCH PROJECT
PROBLEM DEFINATION
Personal Banker were with good background human being and through rigorous
process of recruitment but still not able to perform up to the expectation level of
company HR is not able to sort out the problem why the performance is not
coming even after giving the full marketing and operational support The
communication technique and dealing with the customers is also a problem to the
personal banker
OBJECTIVES OF RESEARCH PROJECT
PRIMARY OBJECTIVES
To acquire new customer by convincing them and to promote the benefits of
those which are provided by the bank
29
To find the different way of convincing customers
To study brand image of the bank
To increase the business of the bank
SECONDARY OBJECTIVES
To determine the need and purpose of a personal banker
To understand the deciding criteria for people to become a personal banker
To offer suggestions based upon the findings
PRODUCT SCOPE
Studying the increasing business scope of the bank Market segmentation to find
the potential customers for the bank To study how the various products are
positioned in the market Corporate marketing of products Customers‟ perception
on the various products of the bank
RESEARCH METHODOLOGY AND LIMITATIONS
All the findings and conclusions obtained are based on the survey done in the
working area within the time limit I tried to select the sample representative of the
whole group during my summer training I have collected data from people linked
with different professional at Gorakhpur
30
RESEARCH PLAN
PRELIMINARY INVESTIGATION
In which data on the situation surrounding the problems shall be gathered to
arrive at
The correct definition of the problem An understanding of its environment
EXPLORATORY STUDY
To determine the approximate area where the problem lies
RESEARCH DESIGN
Research was initiated by examining the secondary data to gain insight into the
problem By analyzing the secondary data the study aim is to explore the short
comings of the present system and primary data will help to validate the analysis of
secondary data besides on unrevealing the areas which calls for improvement
DEVELOPING THE RESEARCH PLAN
The data for this research project has been collected through self Administration
Due to time limitation and other constraints direct personal interview method is
31
used A structured questionnaire was framed as it is less time consuming generates
specific and to the point
information easier to tabulate and interpret Moreover respondents prefer to give
direct answers In questionnaires open ended and closed ended both the types of
questions has been used
COLLECTION OF DATA
1 SECONDARY DATA It was collected from internal sources The secondary
data was collected on the basis of organizational file official records news papers
magazines management books preserved information in the company‟s database
and website of the company
2 PRIMARY DATA All the people from different profession were personally
visited and interviewed They were the main source of Primary data The method
of collection of primary data was direct personal interview through a structured
questionnaire
SAMPLING PLAN Since it is not possible to study whole universe it becomes
necessary to take sample from the universe to know about its characteristics
Sampling Units Different professionals Chartered Accountants Tax
Consultants Lawyers Business Man Professionals and House Wives of
Gorakhpur
Sample Technique Random Sampling
32
Research Instrument Structured Questionnaire
Contact Method Personal Interview
SAMPLE SIZE My sample size for this project was 50 respondents Since it was
not possible to cover the whole universe in the available time period it was
necessary for me to take a sample size of 50 respondents
DATA COLLECTION INSTRUMENT DEVELOPMENT The mode of
collection of data will be based on Survey Method and Field Activity Primary data
collection will base on personal interview I have prepared the questionnaire
according to the necessity of the data to be collected
RESEARCH LIMITATIONS
It was not possible to understand thoroughly about the different marketing aspects
of the Financial Consultant within 60 days As stipend money was not given it was
difficult to continue the project work All the work was limited in some limited
areas of Gorakhpur so the findings should not be generalized The area of research
was Gorakhpur and it was too vast an area to cover within 60 days
DATA ANALYSIS INTERPRETATION AND PRESENTATION
Q1Your Age
33
Ans
1 18-23 Years 10 Person
2 24-29 Years 20 Person
3 30-35 Years 10 Person
4 35 Years and above 10 Person
Base 50 respondents
Interpretation From above response it can be seen that
20 respondent‟s age are 18 to 23 years
35 respondent‟s age are 24 to 29 years
30 respondent‟s age are 30 to 35 years
15 respondent‟s age are 35 to above years
Q2 Marital Status
bull Married bull Single
No of Children __________
Ans
Married 32 Person
Single 18 Person
No of Children Nil
Interpretation From above response it can be seen that
70 respondents are married
30 respondents are unmarried
Q3 Educational Qualification
34
Undergraduate
Graduate
Postgraduate
9Ans
Undergraduate 10 Person
Graduate 22 Person
Postgraduate 18 Person
Interpretation From above response it can be seen that
25 respondents are Under graduate
40 respondents are Graduate
35 respondents are Post graduate
Q4 Number Of year‟s Are You in Gorakhpur
Less than five year‟s
More than five year‟s
Ans
Less than five year‟s 17 Person
More than five year‟s 33 Person
Interpretation From above response it can be seen
that
39 respondents are in Gorakhpur for less than five years
61 respondents are in Gorakhpur for more than five years
Q5 Your Occupation
Business
35
Profession
Service
Ans
Business 13 Person
Profession 17 Person
Service 20 Person
Interpretation From above response it can be seen that
20 respondents Occupation is Business
26 respondents Occupation is Profession
54 respondents Occupation is Service
Q6 Your annual household income
Less than 2 lacs
Between 2 to 5 lacs
Between 5to 8 lacs
More than 8 lacs
Ans
Less than 2 lacs 32 Person
Between 2 to 5 lacs 13 Person
Between 5to 8 lacs 3 Person
More than 8 lacs 2 Person
Interpretation From above response it can be seen that
49 respondent‟s annual household income is less than 2 lacs
31 respondent‟s annual household income is between 2 to 5 lacs
15 respondent‟s annual household income is between 5 to 8 lacs
36
5 respondent‟s annual household income is more than 8 lacs
Q7 What is your perception about different productsservices provided by HDFC
bank
Lucrative
Not lucrative
No idea
Ans
Lucrative 12 Person
Not lucrative 33 Person
No idea 5 Person
Interpretation From above response it can be seen that
25 respondent‟s perception about different products is lucrative
60 respondent‟s perception about
different products is not lucrative
15 respondent‟s have no idea
Q8 Do you want to open an account with HDFC bank
Yes
No
Will tell later
Ans
Yes 8 Person
No 5 Person
Will tell later 37 Person
37
Interpretation From above response it can be seen that
80 respondents are not interested to open an account with the bank
5 respondents are interested to open an account with the bank
15 of the respondents say that they will tell later
Q9 Do you have all the documents which are required to open an account
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
60 respondents have all the documents which are required to open an
account with the bank
25 respondents do not have all the documents which are required to open
an account with the bank
Q10 Are you aware that the bank provides you free phone banking amp net banking
services If you open a new savings account with HDFC bank
Yes
No
Ans
Yes 32 Person
No 18 Person
Interpretation From above response it can be seen that
38
20 respondents are aware of it
40 respondents are not aware of it
Q11Are you aware of different terms and conditions which are very much
essential to maintain an account at HDFC Bank
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
12 respondents are familiar with different terms and conditions which are
very much essential to maintain account with the bank
88 respondents have no idea about it
Q13 Do you know about HDFC Bank‟s recruitment policies related to personal
banker
Yes
No
Ans
Yes 38 Person
No 12 Person
Interpretation From above response it can be seen that
41 respondents are known about HDFC Bank‟s recruitment policies
related to personal banker
39
59 respondents are not known about HDFC Bank‟s recruitment policies
related to personal banker
CONCLUSIONS
HDFC Bank the banking arm of HDFC is expected to go on stream The bank
already has good number of employees on board and is recruiting personal banker
heavily to take the headcount to many more It is on the brim of increasing its
customers through its attractive schemes and offer
The project opportunities provided was market segmentation and identifying
prospective customers in potential geographical location and convincing them to
attract more customers so that new business opportunities of the bank can be
explored Through this project it could be concluded that people are not much
aware about the various products of the bank and many of them not interested to
open an account to invest money at all services was considered as unsought good
which require hard core selling but in changing trend in income and people
becoming financially literate the demand for banking sector is increasing day by
day
So at last the conclusion is that there is tough competition ahead for the company
from its major competitors in the banking sector Last but not the least I would like
to thank HDFC Bank for giving me an opportunity to work in the field of
Marketing and Operation I hope the company finds my analysis relevant
40
BIBLIOGRAPHY
1 WEBSITES
wwwhdfcbankcom wwwgooglecom
25
- Asia Pacific HRM Congress Award - First Runner up amp many more
Business Today Best Bank Award
2007
Dun amp Bradstreet ndash American
Express Corporate Best Bank
Award 2007
Corporate Best Bank Award
The Bombay Stock Exchange
and Nasscom Foundations
Business for Social
Responsibility Awards 2007
Best Corporate Social Responsibility
Practice Award
Outlook Money amp NDTV
Profit
Best Bank Award in the Private sector
category
The Asian Banker Excellence
in Retail Financial Services
Awards
Best Retail Bank in India
Asian Banker Our Managing Director Aditya Puri wins the
Leadership Achievement Award for India
26
MERGER
HDFC Bank and Centurion Bank of Punjab merger at share swap ratio of 129 The
Boards of HDFC Bank and Centurion Bank of Punjab met on 25 February 2008
and approved subject to due diligence the share swap ratio for the proposed
merger of Centurion Bank of Punjab with HDFC Bank The Scheme of
Amalgamation envisages a share exchange ratio of one share of HDFC Bank for
twenty nine shares of Centurion Bank of Punjab The combined entity would have
a nationwide network of 1148 branches (the largest amongst private sector Banks)
a strong deposit base of around Rs 1200 billion and net advances of around Rs
850billion The balance sheet size of the combined entity would be over Rs 1500
billion Commenting on the proposed merger Mr Deepak Parekh Chairman
HDFC said ldquoWe were amongst the first to get a banking license the first to do a
merger in the private sector with Times Bank in 1999 and now if this deal
happens it would be the largest merger in the private sector banking space in
India HDFC Bank was looking for an appropriate merger opportunity that would
add scale geography and experienced staff to its franchise This opportunity arose
and we thought it is an attractive route to supplement HDFC Bank‟s organic
growth We believe that Centurion Bank of Punjab would be the right fit in terms
of culture strategic intent and approach to businessrdquo Mr Aditya Puri Managing
Director HDFC Bank said ldquoThese are exciting times for the Indian banking
industry The proposed merger will position the combined entity to significantly
exploit opportunities in a market globally recognized as one of the fastest growing
27
I‟m particularly bullish about the potential of business synergies and cultural fit
between the two organizations The combined entity will be an even greater force
in the marketrdquo Mr Rana Talwar Chairman Centurion Bank of Punjab stated
ldquoOver the last few years Centurion Bank of Punjab has set benchmarks for growth
The bank today has a large nationwide network an extremely valuable franchise
7500
talented employees and strong leadership positions in the market place I believe
that the merger with HDFC Bank will create a world class bank in quality and
scale and will set the stage to compete with banks both locally as well on a global
levelrdquo
Mr Shailendra Bhandari Managing Director and CEO Centurion Bank of Punjab
said ldquoWe are extremely pleased to receive the go ahead from our board to pursue
this opportunity A merger between the banks provides significant synergies to the
combined entity The proposed merger would further improve the franchise and
customer proposition offered by the individual banksrdquo
QUALITY POLICY
SECURITY The bank provides long term financial security to their policy The
bank does this by offering life insurance and pension products
28
TRUST The bank appreciates the trust placed by their policy holders in the bank
Hence it will aim to manage their investments very carefully and live up to this
trust
INNOVATION Recognizing the different needs of our customers the bank offers
a range of innovative products to meet these needs
INTEGRITY CUSTOMER CENTRIC PEOPLE CARE ldquoONE FOR ALL AND
ALL FOR ONErdquo TEAM WORK JOY AND SIMPLICITY
RESEARCH OBJECTIVES AND SCOPE OF RESEARCH PROJECT
PROBLEM DEFINATION
Personal Banker were with good background human being and through rigorous
process of recruitment but still not able to perform up to the expectation level of
company HR is not able to sort out the problem why the performance is not
coming even after giving the full marketing and operational support The
communication technique and dealing with the customers is also a problem to the
personal banker
OBJECTIVES OF RESEARCH PROJECT
PRIMARY OBJECTIVES
To acquire new customer by convincing them and to promote the benefits of
those which are provided by the bank
29
To find the different way of convincing customers
To study brand image of the bank
To increase the business of the bank
SECONDARY OBJECTIVES
To determine the need and purpose of a personal banker
To understand the deciding criteria for people to become a personal banker
To offer suggestions based upon the findings
PRODUCT SCOPE
Studying the increasing business scope of the bank Market segmentation to find
the potential customers for the bank To study how the various products are
positioned in the market Corporate marketing of products Customers‟ perception
on the various products of the bank
RESEARCH METHODOLOGY AND LIMITATIONS
All the findings and conclusions obtained are based on the survey done in the
working area within the time limit I tried to select the sample representative of the
whole group during my summer training I have collected data from people linked
with different professional at Gorakhpur
30
RESEARCH PLAN
PRELIMINARY INVESTIGATION
In which data on the situation surrounding the problems shall be gathered to
arrive at
The correct definition of the problem An understanding of its environment
EXPLORATORY STUDY
To determine the approximate area where the problem lies
RESEARCH DESIGN
Research was initiated by examining the secondary data to gain insight into the
problem By analyzing the secondary data the study aim is to explore the short
comings of the present system and primary data will help to validate the analysis of
secondary data besides on unrevealing the areas which calls for improvement
DEVELOPING THE RESEARCH PLAN
The data for this research project has been collected through self Administration
Due to time limitation and other constraints direct personal interview method is
31
used A structured questionnaire was framed as it is less time consuming generates
specific and to the point
information easier to tabulate and interpret Moreover respondents prefer to give
direct answers In questionnaires open ended and closed ended both the types of
questions has been used
COLLECTION OF DATA
1 SECONDARY DATA It was collected from internal sources The secondary
data was collected on the basis of organizational file official records news papers
magazines management books preserved information in the company‟s database
and website of the company
2 PRIMARY DATA All the people from different profession were personally
visited and interviewed They were the main source of Primary data The method
of collection of primary data was direct personal interview through a structured
questionnaire
SAMPLING PLAN Since it is not possible to study whole universe it becomes
necessary to take sample from the universe to know about its characteristics
Sampling Units Different professionals Chartered Accountants Tax
Consultants Lawyers Business Man Professionals and House Wives of
Gorakhpur
Sample Technique Random Sampling
32
Research Instrument Structured Questionnaire
Contact Method Personal Interview
SAMPLE SIZE My sample size for this project was 50 respondents Since it was
not possible to cover the whole universe in the available time period it was
necessary for me to take a sample size of 50 respondents
DATA COLLECTION INSTRUMENT DEVELOPMENT The mode of
collection of data will be based on Survey Method and Field Activity Primary data
collection will base on personal interview I have prepared the questionnaire
according to the necessity of the data to be collected
RESEARCH LIMITATIONS
It was not possible to understand thoroughly about the different marketing aspects
of the Financial Consultant within 60 days As stipend money was not given it was
difficult to continue the project work All the work was limited in some limited
areas of Gorakhpur so the findings should not be generalized The area of research
was Gorakhpur and it was too vast an area to cover within 60 days
DATA ANALYSIS INTERPRETATION AND PRESENTATION
Q1Your Age
33
Ans
1 18-23 Years 10 Person
2 24-29 Years 20 Person
3 30-35 Years 10 Person
4 35 Years and above 10 Person
Base 50 respondents
Interpretation From above response it can be seen that
20 respondent‟s age are 18 to 23 years
35 respondent‟s age are 24 to 29 years
30 respondent‟s age are 30 to 35 years
15 respondent‟s age are 35 to above years
Q2 Marital Status
bull Married bull Single
No of Children __________
Ans
Married 32 Person
Single 18 Person
No of Children Nil
Interpretation From above response it can be seen that
70 respondents are married
30 respondents are unmarried
Q3 Educational Qualification
34
Undergraduate
Graduate
Postgraduate
9Ans
Undergraduate 10 Person
Graduate 22 Person
Postgraduate 18 Person
Interpretation From above response it can be seen that
25 respondents are Under graduate
40 respondents are Graduate
35 respondents are Post graduate
Q4 Number Of year‟s Are You in Gorakhpur
Less than five year‟s
More than five year‟s
Ans
Less than five year‟s 17 Person
More than five year‟s 33 Person
Interpretation From above response it can be seen
that
39 respondents are in Gorakhpur for less than five years
61 respondents are in Gorakhpur for more than five years
Q5 Your Occupation
Business
35
Profession
Service
Ans
Business 13 Person
Profession 17 Person
Service 20 Person
Interpretation From above response it can be seen that
20 respondents Occupation is Business
26 respondents Occupation is Profession
54 respondents Occupation is Service
Q6 Your annual household income
Less than 2 lacs
Between 2 to 5 lacs
Between 5to 8 lacs
More than 8 lacs
Ans
Less than 2 lacs 32 Person
Between 2 to 5 lacs 13 Person
Between 5to 8 lacs 3 Person
More than 8 lacs 2 Person
Interpretation From above response it can be seen that
49 respondent‟s annual household income is less than 2 lacs
31 respondent‟s annual household income is between 2 to 5 lacs
15 respondent‟s annual household income is between 5 to 8 lacs
36
5 respondent‟s annual household income is more than 8 lacs
Q7 What is your perception about different productsservices provided by HDFC
bank
Lucrative
Not lucrative
No idea
Ans
Lucrative 12 Person
Not lucrative 33 Person
No idea 5 Person
Interpretation From above response it can be seen that
25 respondent‟s perception about different products is lucrative
60 respondent‟s perception about
different products is not lucrative
15 respondent‟s have no idea
Q8 Do you want to open an account with HDFC bank
Yes
No
Will tell later
Ans
Yes 8 Person
No 5 Person
Will tell later 37 Person
37
Interpretation From above response it can be seen that
80 respondents are not interested to open an account with the bank
5 respondents are interested to open an account with the bank
15 of the respondents say that they will tell later
Q9 Do you have all the documents which are required to open an account
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
60 respondents have all the documents which are required to open an
account with the bank
25 respondents do not have all the documents which are required to open
an account with the bank
Q10 Are you aware that the bank provides you free phone banking amp net banking
services If you open a new savings account with HDFC bank
Yes
No
Ans
Yes 32 Person
No 18 Person
Interpretation From above response it can be seen that
38
20 respondents are aware of it
40 respondents are not aware of it
Q11Are you aware of different terms and conditions which are very much
essential to maintain an account at HDFC Bank
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
12 respondents are familiar with different terms and conditions which are
very much essential to maintain account with the bank
88 respondents have no idea about it
Q13 Do you know about HDFC Bank‟s recruitment policies related to personal
banker
Yes
No
Ans
Yes 38 Person
No 12 Person
Interpretation From above response it can be seen that
41 respondents are known about HDFC Bank‟s recruitment policies
related to personal banker
39
59 respondents are not known about HDFC Bank‟s recruitment policies
related to personal banker
CONCLUSIONS
HDFC Bank the banking arm of HDFC is expected to go on stream The bank
already has good number of employees on board and is recruiting personal banker
heavily to take the headcount to many more It is on the brim of increasing its
customers through its attractive schemes and offer
The project opportunities provided was market segmentation and identifying
prospective customers in potential geographical location and convincing them to
attract more customers so that new business opportunities of the bank can be
explored Through this project it could be concluded that people are not much
aware about the various products of the bank and many of them not interested to
open an account to invest money at all services was considered as unsought good
which require hard core selling but in changing trend in income and people
becoming financially literate the demand for banking sector is increasing day by
day
So at last the conclusion is that there is tough competition ahead for the company
from its major competitors in the banking sector Last but not the least I would like
to thank HDFC Bank for giving me an opportunity to work in the field of
Marketing and Operation I hope the company finds my analysis relevant
40
BIBLIOGRAPHY
1 WEBSITES
wwwhdfcbankcom wwwgooglecom
26
MERGER
HDFC Bank and Centurion Bank of Punjab merger at share swap ratio of 129 The
Boards of HDFC Bank and Centurion Bank of Punjab met on 25 February 2008
and approved subject to due diligence the share swap ratio for the proposed
merger of Centurion Bank of Punjab with HDFC Bank The Scheme of
Amalgamation envisages a share exchange ratio of one share of HDFC Bank for
twenty nine shares of Centurion Bank of Punjab The combined entity would have
a nationwide network of 1148 branches (the largest amongst private sector Banks)
a strong deposit base of around Rs 1200 billion and net advances of around Rs
850billion The balance sheet size of the combined entity would be over Rs 1500
billion Commenting on the proposed merger Mr Deepak Parekh Chairman
HDFC said ldquoWe were amongst the first to get a banking license the first to do a
merger in the private sector with Times Bank in 1999 and now if this deal
happens it would be the largest merger in the private sector banking space in
India HDFC Bank was looking for an appropriate merger opportunity that would
add scale geography and experienced staff to its franchise This opportunity arose
and we thought it is an attractive route to supplement HDFC Bank‟s organic
growth We believe that Centurion Bank of Punjab would be the right fit in terms
of culture strategic intent and approach to businessrdquo Mr Aditya Puri Managing
Director HDFC Bank said ldquoThese are exciting times for the Indian banking
industry The proposed merger will position the combined entity to significantly
exploit opportunities in a market globally recognized as one of the fastest growing
27
I‟m particularly bullish about the potential of business synergies and cultural fit
between the two organizations The combined entity will be an even greater force
in the marketrdquo Mr Rana Talwar Chairman Centurion Bank of Punjab stated
ldquoOver the last few years Centurion Bank of Punjab has set benchmarks for growth
The bank today has a large nationwide network an extremely valuable franchise
7500
talented employees and strong leadership positions in the market place I believe
that the merger with HDFC Bank will create a world class bank in quality and
scale and will set the stage to compete with banks both locally as well on a global
levelrdquo
Mr Shailendra Bhandari Managing Director and CEO Centurion Bank of Punjab
said ldquoWe are extremely pleased to receive the go ahead from our board to pursue
this opportunity A merger between the banks provides significant synergies to the
combined entity The proposed merger would further improve the franchise and
customer proposition offered by the individual banksrdquo
QUALITY POLICY
SECURITY The bank provides long term financial security to their policy The
bank does this by offering life insurance and pension products
28
TRUST The bank appreciates the trust placed by their policy holders in the bank
Hence it will aim to manage their investments very carefully and live up to this
trust
INNOVATION Recognizing the different needs of our customers the bank offers
a range of innovative products to meet these needs
INTEGRITY CUSTOMER CENTRIC PEOPLE CARE ldquoONE FOR ALL AND
ALL FOR ONErdquo TEAM WORK JOY AND SIMPLICITY
RESEARCH OBJECTIVES AND SCOPE OF RESEARCH PROJECT
PROBLEM DEFINATION
Personal Banker were with good background human being and through rigorous
process of recruitment but still not able to perform up to the expectation level of
company HR is not able to sort out the problem why the performance is not
coming even after giving the full marketing and operational support The
communication technique and dealing with the customers is also a problem to the
personal banker
OBJECTIVES OF RESEARCH PROJECT
PRIMARY OBJECTIVES
To acquire new customer by convincing them and to promote the benefits of
those which are provided by the bank
29
To find the different way of convincing customers
To study brand image of the bank
To increase the business of the bank
SECONDARY OBJECTIVES
To determine the need and purpose of a personal banker
To understand the deciding criteria for people to become a personal banker
To offer suggestions based upon the findings
PRODUCT SCOPE
Studying the increasing business scope of the bank Market segmentation to find
the potential customers for the bank To study how the various products are
positioned in the market Corporate marketing of products Customers‟ perception
on the various products of the bank
RESEARCH METHODOLOGY AND LIMITATIONS
All the findings and conclusions obtained are based on the survey done in the
working area within the time limit I tried to select the sample representative of the
whole group during my summer training I have collected data from people linked
with different professional at Gorakhpur
30
RESEARCH PLAN
PRELIMINARY INVESTIGATION
In which data on the situation surrounding the problems shall be gathered to
arrive at
The correct definition of the problem An understanding of its environment
EXPLORATORY STUDY
To determine the approximate area where the problem lies
RESEARCH DESIGN
Research was initiated by examining the secondary data to gain insight into the
problem By analyzing the secondary data the study aim is to explore the short
comings of the present system and primary data will help to validate the analysis of
secondary data besides on unrevealing the areas which calls for improvement
DEVELOPING THE RESEARCH PLAN
The data for this research project has been collected through self Administration
Due to time limitation and other constraints direct personal interview method is
31
used A structured questionnaire was framed as it is less time consuming generates
specific and to the point
information easier to tabulate and interpret Moreover respondents prefer to give
direct answers In questionnaires open ended and closed ended both the types of
questions has been used
COLLECTION OF DATA
1 SECONDARY DATA It was collected from internal sources The secondary
data was collected on the basis of organizational file official records news papers
magazines management books preserved information in the company‟s database
and website of the company
2 PRIMARY DATA All the people from different profession were personally
visited and interviewed They were the main source of Primary data The method
of collection of primary data was direct personal interview through a structured
questionnaire
SAMPLING PLAN Since it is not possible to study whole universe it becomes
necessary to take sample from the universe to know about its characteristics
Sampling Units Different professionals Chartered Accountants Tax
Consultants Lawyers Business Man Professionals and House Wives of
Gorakhpur
Sample Technique Random Sampling
32
Research Instrument Structured Questionnaire
Contact Method Personal Interview
SAMPLE SIZE My sample size for this project was 50 respondents Since it was
not possible to cover the whole universe in the available time period it was
necessary for me to take a sample size of 50 respondents
DATA COLLECTION INSTRUMENT DEVELOPMENT The mode of
collection of data will be based on Survey Method and Field Activity Primary data
collection will base on personal interview I have prepared the questionnaire
according to the necessity of the data to be collected
RESEARCH LIMITATIONS
It was not possible to understand thoroughly about the different marketing aspects
of the Financial Consultant within 60 days As stipend money was not given it was
difficult to continue the project work All the work was limited in some limited
areas of Gorakhpur so the findings should not be generalized The area of research
was Gorakhpur and it was too vast an area to cover within 60 days
DATA ANALYSIS INTERPRETATION AND PRESENTATION
Q1Your Age
33
Ans
1 18-23 Years 10 Person
2 24-29 Years 20 Person
3 30-35 Years 10 Person
4 35 Years and above 10 Person
Base 50 respondents
Interpretation From above response it can be seen that
20 respondent‟s age are 18 to 23 years
35 respondent‟s age are 24 to 29 years
30 respondent‟s age are 30 to 35 years
15 respondent‟s age are 35 to above years
Q2 Marital Status
bull Married bull Single
No of Children __________
Ans
Married 32 Person
Single 18 Person
No of Children Nil
Interpretation From above response it can be seen that
70 respondents are married
30 respondents are unmarried
Q3 Educational Qualification
34
Undergraduate
Graduate
Postgraduate
9Ans
Undergraduate 10 Person
Graduate 22 Person
Postgraduate 18 Person
Interpretation From above response it can be seen that
25 respondents are Under graduate
40 respondents are Graduate
35 respondents are Post graduate
Q4 Number Of year‟s Are You in Gorakhpur
Less than five year‟s
More than five year‟s
Ans
Less than five year‟s 17 Person
More than five year‟s 33 Person
Interpretation From above response it can be seen
that
39 respondents are in Gorakhpur for less than five years
61 respondents are in Gorakhpur for more than five years
Q5 Your Occupation
Business
35
Profession
Service
Ans
Business 13 Person
Profession 17 Person
Service 20 Person
Interpretation From above response it can be seen that
20 respondents Occupation is Business
26 respondents Occupation is Profession
54 respondents Occupation is Service
Q6 Your annual household income
Less than 2 lacs
Between 2 to 5 lacs
Between 5to 8 lacs
More than 8 lacs
Ans
Less than 2 lacs 32 Person
Between 2 to 5 lacs 13 Person
Between 5to 8 lacs 3 Person
More than 8 lacs 2 Person
Interpretation From above response it can be seen that
49 respondent‟s annual household income is less than 2 lacs
31 respondent‟s annual household income is between 2 to 5 lacs
15 respondent‟s annual household income is between 5 to 8 lacs
36
5 respondent‟s annual household income is more than 8 lacs
Q7 What is your perception about different productsservices provided by HDFC
bank
Lucrative
Not lucrative
No idea
Ans
Lucrative 12 Person
Not lucrative 33 Person
No idea 5 Person
Interpretation From above response it can be seen that
25 respondent‟s perception about different products is lucrative
60 respondent‟s perception about
different products is not lucrative
15 respondent‟s have no idea
Q8 Do you want to open an account with HDFC bank
Yes
No
Will tell later
Ans
Yes 8 Person
No 5 Person
Will tell later 37 Person
37
Interpretation From above response it can be seen that
80 respondents are not interested to open an account with the bank
5 respondents are interested to open an account with the bank
15 of the respondents say that they will tell later
Q9 Do you have all the documents which are required to open an account
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
60 respondents have all the documents which are required to open an
account with the bank
25 respondents do not have all the documents which are required to open
an account with the bank
Q10 Are you aware that the bank provides you free phone banking amp net banking
services If you open a new savings account with HDFC bank
Yes
No
Ans
Yes 32 Person
No 18 Person
Interpretation From above response it can be seen that
38
20 respondents are aware of it
40 respondents are not aware of it
Q11Are you aware of different terms and conditions which are very much
essential to maintain an account at HDFC Bank
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
12 respondents are familiar with different terms and conditions which are
very much essential to maintain account with the bank
88 respondents have no idea about it
Q13 Do you know about HDFC Bank‟s recruitment policies related to personal
banker
Yes
No
Ans
Yes 38 Person
No 12 Person
Interpretation From above response it can be seen that
41 respondents are known about HDFC Bank‟s recruitment policies
related to personal banker
39
59 respondents are not known about HDFC Bank‟s recruitment policies
related to personal banker
CONCLUSIONS
HDFC Bank the banking arm of HDFC is expected to go on stream The bank
already has good number of employees on board and is recruiting personal banker
heavily to take the headcount to many more It is on the brim of increasing its
customers through its attractive schemes and offer
The project opportunities provided was market segmentation and identifying
prospective customers in potential geographical location and convincing them to
attract more customers so that new business opportunities of the bank can be
explored Through this project it could be concluded that people are not much
aware about the various products of the bank and many of them not interested to
open an account to invest money at all services was considered as unsought good
which require hard core selling but in changing trend in income and people
becoming financially literate the demand for banking sector is increasing day by
day
So at last the conclusion is that there is tough competition ahead for the company
from its major competitors in the banking sector Last but not the least I would like
to thank HDFC Bank for giving me an opportunity to work in the field of
Marketing and Operation I hope the company finds my analysis relevant
40
BIBLIOGRAPHY
1 WEBSITES
wwwhdfcbankcom wwwgooglecom
27
I‟m particularly bullish about the potential of business synergies and cultural fit
between the two organizations The combined entity will be an even greater force
in the marketrdquo Mr Rana Talwar Chairman Centurion Bank of Punjab stated
ldquoOver the last few years Centurion Bank of Punjab has set benchmarks for growth
The bank today has a large nationwide network an extremely valuable franchise
7500
talented employees and strong leadership positions in the market place I believe
that the merger with HDFC Bank will create a world class bank in quality and
scale and will set the stage to compete with banks both locally as well on a global
levelrdquo
Mr Shailendra Bhandari Managing Director and CEO Centurion Bank of Punjab
said ldquoWe are extremely pleased to receive the go ahead from our board to pursue
this opportunity A merger between the banks provides significant synergies to the
combined entity The proposed merger would further improve the franchise and
customer proposition offered by the individual banksrdquo
QUALITY POLICY
SECURITY The bank provides long term financial security to their policy The
bank does this by offering life insurance and pension products
28
TRUST The bank appreciates the trust placed by their policy holders in the bank
Hence it will aim to manage their investments very carefully and live up to this
trust
INNOVATION Recognizing the different needs of our customers the bank offers
a range of innovative products to meet these needs
INTEGRITY CUSTOMER CENTRIC PEOPLE CARE ldquoONE FOR ALL AND
ALL FOR ONErdquo TEAM WORK JOY AND SIMPLICITY
RESEARCH OBJECTIVES AND SCOPE OF RESEARCH PROJECT
PROBLEM DEFINATION
Personal Banker were with good background human being and through rigorous
process of recruitment but still not able to perform up to the expectation level of
company HR is not able to sort out the problem why the performance is not
coming even after giving the full marketing and operational support The
communication technique and dealing with the customers is also a problem to the
personal banker
OBJECTIVES OF RESEARCH PROJECT
PRIMARY OBJECTIVES
To acquire new customer by convincing them and to promote the benefits of
those which are provided by the bank
29
To find the different way of convincing customers
To study brand image of the bank
To increase the business of the bank
SECONDARY OBJECTIVES
To determine the need and purpose of a personal banker
To understand the deciding criteria for people to become a personal banker
To offer suggestions based upon the findings
PRODUCT SCOPE
Studying the increasing business scope of the bank Market segmentation to find
the potential customers for the bank To study how the various products are
positioned in the market Corporate marketing of products Customers‟ perception
on the various products of the bank
RESEARCH METHODOLOGY AND LIMITATIONS
All the findings and conclusions obtained are based on the survey done in the
working area within the time limit I tried to select the sample representative of the
whole group during my summer training I have collected data from people linked
with different professional at Gorakhpur
30
RESEARCH PLAN
PRELIMINARY INVESTIGATION
In which data on the situation surrounding the problems shall be gathered to
arrive at
The correct definition of the problem An understanding of its environment
EXPLORATORY STUDY
To determine the approximate area where the problem lies
RESEARCH DESIGN
Research was initiated by examining the secondary data to gain insight into the
problem By analyzing the secondary data the study aim is to explore the short
comings of the present system and primary data will help to validate the analysis of
secondary data besides on unrevealing the areas which calls for improvement
DEVELOPING THE RESEARCH PLAN
The data for this research project has been collected through self Administration
Due to time limitation and other constraints direct personal interview method is
31
used A structured questionnaire was framed as it is less time consuming generates
specific and to the point
information easier to tabulate and interpret Moreover respondents prefer to give
direct answers In questionnaires open ended and closed ended both the types of
questions has been used
COLLECTION OF DATA
1 SECONDARY DATA It was collected from internal sources The secondary
data was collected on the basis of organizational file official records news papers
magazines management books preserved information in the company‟s database
and website of the company
2 PRIMARY DATA All the people from different profession were personally
visited and interviewed They were the main source of Primary data The method
of collection of primary data was direct personal interview through a structured
questionnaire
SAMPLING PLAN Since it is not possible to study whole universe it becomes
necessary to take sample from the universe to know about its characteristics
Sampling Units Different professionals Chartered Accountants Tax
Consultants Lawyers Business Man Professionals and House Wives of
Gorakhpur
Sample Technique Random Sampling
32
Research Instrument Structured Questionnaire
Contact Method Personal Interview
SAMPLE SIZE My sample size for this project was 50 respondents Since it was
not possible to cover the whole universe in the available time period it was
necessary for me to take a sample size of 50 respondents
DATA COLLECTION INSTRUMENT DEVELOPMENT The mode of
collection of data will be based on Survey Method and Field Activity Primary data
collection will base on personal interview I have prepared the questionnaire
according to the necessity of the data to be collected
RESEARCH LIMITATIONS
It was not possible to understand thoroughly about the different marketing aspects
of the Financial Consultant within 60 days As stipend money was not given it was
difficult to continue the project work All the work was limited in some limited
areas of Gorakhpur so the findings should not be generalized The area of research
was Gorakhpur and it was too vast an area to cover within 60 days
DATA ANALYSIS INTERPRETATION AND PRESENTATION
Q1Your Age
33
Ans
1 18-23 Years 10 Person
2 24-29 Years 20 Person
3 30-35 Years 10 Person
4 35 Years and above 10 Person
Base 50 respondents
Interpretation From above response it can be seen that
20 respondent‟s age are 18 to 23 years
35 respondent‟s age are 24 to 29 years
30 respondent‟s age are 30 to 35 years
15 respondent‟s age are 35 to above years
Q2 Marital Status
bull Married bull Single
No of Children __________
Ans
Married 32 Person
Single 18 Person
No of Children Nil
Interpretation From above response it can be seen that
70 respondents are married
30 respondents are unmarried
Q3 Educational Qualification
34
Undergraduate
Graduate
Postgraduate
9Ans
Undergraduate 10 Person
Graduate 22 Person
Postgraduate 18 Person
Interpretation From above response it can be seen that
25 respondents are Under graduate
40 respondents are Graduate
35 respondents are Post graduate
Q4 Number Of year‟s Are You in Gorakhpur
Less than five year‟s
More than five year‟s
Ans
Less than five year‟s 17 Person
More than five year‟s 33 Person
Interpretation From above response it can be seen
that
39 respondents are in Gorakhpur for less than five years
61 respondents are in Gorakhpur for more than five years
Q5 Your Occupation
Business
35
Profession
Service
Ans
Business 13 Person
Profession 17 Person
Service 20 Person
Interpretation From above response it can be seen that
20 respondents Occupation is Business
26 respondents Occupation is Profession
54 respondents Occupation is Service
Q6 Your annual household income
Less than 2 lacs
Between 2 to 5 lacs
Between 5to 8 lacs
More than 8 lacs
Ans
Less than 2 lacs 32 Person
Between 2 to 5 lacs 13 Person
Between 5to 8 lacs 3 Person
More than 8 lacs 2 Person
Interpretation From above response it can be seen that
49 respondent‟s annual household income is less than 2 lacs
31 respondent‟s annual household income is between 2 to 5 lacs
15 respondent‟s annual household income is between 5 to 8 lacs
36
5 respondent‟s annual household income is more than 8 lacs
Q7 What is your perception about different productsservices provided by HDFC
bank
Lucrative
Not lucrative
No idea
Ans
Lucrative 12 Person
Not lucrative 33 Person
No idea 5 Person
Interpretation From above response it can be seen that
25 respondent‟s perception about different products is lucrative
60 respondent‟s perception about
different products is not lucrative
15 respondent‟s have no idea
Q8 Do you want to open an account with HDFC bank
Yes
No
Will tell later
Ans
Yes 8 Person
No 5 Person
Will tell later 37 Person
37
Interpretation From above response it can be seen that
80 respondents are not interested to open an account with the bank
5 respondents are interested to open an account with the bank
15 of the respondents say that they will tell later
Q9 Do you have all the documents which are required to open an account
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
60 respondents have all the documents which are required to open an
account with the bank
25 respondents do not have all the documents which are required to open
an account with the bank
Q10 Are you aware that the bank provides you free phone banking amp net banking
services If you open a new savings account with HDFC bank
Yes
No
Ans
Yes 32 Person
No 18 Person
Interpretation From above response it can be seen that
38
20 respondents are aware of it
40 respondents are not aware of it
Q11Are you aware of different terms and conditions which are very much
essential to maintain an account at HDFC Bank
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
12 respondents are familiar with different terms and conditions which are
very much essential to maintain account with the bank
88 respondents have no idea about it
Q13 Do you know about HDFC Bank‟s recruitment policies related to personal
banker
Yes
No
Ans
Yes 38 Person
No 12 Person
Interpretation From above response it can be seen that
41 respondents are known about HDFC Bank‟s recruitment policies
related to personal banker
39
59 respondents are not known about HDFC Bank‟s recruitment policies
related to personal banker
CONCLUSIONS
HDFC Bank the banking arm of HDFC is expected to go on stream The bank
already has good number of employees on board and is recruiting personal banker
heavily to take the headcount to many more It is on the brim of increasing its
customers through its attractive schemes and offer
The project opportunities provided was market segmentation and identifying
prospective customers in potential geographical location and convincing them to
attract more customers so that new business opportunities of the bank can be
explored Through this project it could be concluded that people are not much
aware about the various products of the bank and many of them not interested to
open an account to invest money at all services was considered as unsought good
which require hard core selling but in changing trend in income and people
becoming financially literate the demand for banking sector is increasing day by
day
So at last the conclusion is that there is tough competition ahead for the company
from its major competitors in the banking sector Last but not the least I would like
to thank HDFC Bank for giving me an opportunity to work in the field of
Marketing and Operation I hope the company finds my analysis relevant
40
BIBLIOGRAPHY
1 WEBSITES
wwwhdfcbankcom wwwgooglecom
28
TRUST The bank appreciates the trust placed by their policy holders in the bank
Hence it will aim to manage their investments very carefully and live up to this
trust
INNOVATION Recognizing the different needs of our customers the bank offers
a range of innovative products to meet these needs
INTEGRITY CUSTOMER CENTRIC PEOPLE CARE ldquoONE FOR ALL AND
ALL FOR ONErdquo TEAM WORK JOY AND SIMPLICITY
RESEARCH OBJECTIVES AND SCOPE OF RESEARCH PROJECT
PROBLEM DEFINATION
Personal Banker were with good background human being and through rigorous
process of recruitment but still not able to perform up to the expectation level of
company HR is not able to sort out the problem why the performance is not
coming even after giving the full marketing and operational support The
communication technique and dealing with the customers is also a problem to the
personal banker
OBJECTIVES OF RESEARCH PROJECT
PRIMARY OBJECTIVES
To acquire new customer by convincing them and to promote the benefits of
those which are provided by the bank
29
To find the different way of convincing customers
To study brand image of the bank
To increase the business of the bank
SECONDARY OBJECTIVES
To determine the need and purpose of a personal banker
To understand the deciding criteria for people to become a personal banker
To offer suggestions based upon the findings
PRODUCT SCOPE
Studying the increasing business scope of the bank Market segmentation to find
the potential customers for the bank To study how the various products are
positioned in the market Corporate marketing of products Customers‟ perception
on the various products of the bank
RESEARCH METHODOLOGY AND LIMITATIONS
All the findings and conclusions obtained are based on the survey done in the
working area within the time limit I tried to select the sample representative of the
whole group during my summer training I have collected data from people linked
with different professional at Gorakhpur
30
RESEARCH PLAN
PRELIMINARY INVESTIGATION
In which data on the situation surrounding the problems shall be gathered to
arrive at
The correct definition of the problem An understanding of its environment
EXPLORATORY STUDY
To determine the approximate area where the problem lies
RESEARCH DESIGN
Research was initiated by examining the secondary data to gain insight into the
problem By analyzing the secondary data the study aim is to explore the short
comings of the present system and primary data will help to validate the analysis of
secondary data besides on unrevealing the areas which calls for improvement
DEVELOPING THE RESEARCH PLAN
The data for this research project has been collected through self Administration
Due to time limitation and other constraints direct personal interview method is
31
used A structured questionnaire was framed as it is less time consuming generates
specific and to the point
information easier to tabulate and interpret Moreover respondents prefer to give
direct answers In questionnaires open ended and closed ended both the types of
questions has been used
COLLECTION OF DATA
1 SECONDARY DATA It was collected from internal sources The secondary
data was collected on the basis of organizational file official records news papers
magazines management books preserved information in the company‟s database
and website of the company
2 PRIMARY DATA All the people from different profession were personally
visited and interviewed They were the main source of Primary data The method
of collection of primary data was direct personal interview through a structured
questionnaire
SAMPLING PLAN Since it is not possible to study whole universe it becomes
necessary to take sample from the universe to know about its characteristics
Sampling Units Different professionals Chartered Accountants Tax
Consultants Lawyers Business Man Professionals and House Wives of
Gorakhpur
Sample Technique Random Sampling
32
Research Instrument Structured Questionnaire
Contact Method Personal Interview
SAMPLE SIZE My sample size for this project was 50 respondents Since it was
not possible to cover the whole universe in the available time period it was
necessary for me to take a sample size of 50 respondents
DATA COLLECTION INSTRUMENT DEVELOPMENT The mode of
collection of data will be based on Survey Method and Field Activity Primary data
collection will base on personal interview I have prepared the questionnaire
according to the necessity of the data to be collected
RESEARCH LIMITATIONS
It was not possible to understand thoroughly about the different marketing aspects
of the Financial Consultant within 60 days As stipend money was not given it was
difficult to continue the project work All the work was limited in some limited
areas of Gorakhpur so the findings should not be generalized The area of research
was Gorakhpur and it was too vast an area to cover within 60 days
DATA ANALYSIS INTERPRETATION AND PRESENTATION
Q1Your Age
33
Ans
1 18-23 Years 10 Person
2 24-29 Years 20 Person
3 30-35 Years 10 Person
4 35 Years and above 10 Person
Base 50 respondents
Interpretation From above response it can be seen that
20 respondent‟s age are 18 to 23 years
35 respondent‟s age are 24 to 29 years
30 respondent‟s age are 30 to 35 years
15 respondent‟s age are 35 to above years
Q2 Marital Status
bull Married bull Single
No of Children __________
Ans
Married 32 Person
Single 18 Person
No of Children Nil
Interpretation From above response it can be seen that
70 respondents are married
30 respondents are unmarried
Q3 Educational Qualification
34
Undergraduate
Graduate
Postgraduate
9Ans
Undergraduate 10 Person
Graduate 22 Person
Postgraduate 18 Person
Interpretation From above response it can be seen that
25 respondents are Under graduate
40 respondents are Graduate
35 respondents are Post graduate
Q4 Number Of year‟s Are You in Gorakhpur
Less than five year‟s
More than five year‟s
Ans
Less than five year‟s 17 Person
More than five year‟s 33 Person
Interpretation From above response it can be seen
that
39 respondents are in Gorakhpur for less than five years
61 respondents are in Gorakhpur for more than five years
Q5 Your Occupation
Business
35
Profession
Service
Ans
Business 13 Person
Profession 17 Person
Service 20 Person
Interpretation From above response it can be seen that
20 respondents Occupation is Business
26 respondents Occupation is Profession
54 respondents Occupation is Service
Q6 Your annual household income
Less than 2 lacs
Between 2 to 5 lacs
Between 5to 8 lacs
More than 8 lacs
Ans
Less than 2 lacs 32 Person
Between 2 to 5 lacs 13 Person
Between 5to 8 lacs 3 Person
More than 8 lacs 2 Person
Interpretation From above response it can be seen that
49 respondent‟s annual household income is less than 2 lacs
31 respondent‟s annual household income is between 2 to 5 lacs
15 respondent‟s annual household income is between 5 to 8 lacs
36
5 respondent‟s annual household income is more than 8 lacs
Q7 What is your perception about different productsservices provided by HDFC
bank
Lucrative
Not lucrative
No idea
Ans
Lucrative 12 Person
Not lucrative 33 Person
No idea 5 Person
Interpretation From above response it can be seen that
25 respondent‟s perception about different products is lucrative
60 respondent‟s perception about
different products is not lucrative
15 respondent‟s have no idea
Q8 Do you want to open an account with HDFC bank
Yes
No
Will tell later
Ans
Yes 8 Person
No 5 Person
Will tell later 37 Person
37
Interpretation From above response it can be seen that
80 respondents are not interested to open an account with the bank
5 respondents are interested to open an account with the bank
15 of the respondents say that they will tell later
Q9 Do you have all the documents which are required to open an account
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
60 respondents have all the documents which are required to open an
account with the bank
25 respondents do not have all the documents which are required to open
an account with the bank
Q10 Are you aware that the bank provides you free phone banking amp net banking
services If you open a new savings account with HDFC bank
Yes
No
Ans
Yes 32 Person
No 18 Person
Interpretation From above response it can be seen that
38
20 respondents are aware of it
40 respondents are not aware of it
Q11Are you aware of different terms and conditions which are very much
essential to maintain an account at HDFC Bank
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
12 respondents are familiar with different terms and conditions which are
very much essential to maintain account with the bank
88 respondents have no idea about it
Q13 Do you know about HDFC Bank‟s recruitment policies related to personal
banker
Yes
No
Ans
Yes 38 Person
No 12 Person
Interpretation From above response it can be seen that
41 respondents are known about HDFC Bank‟s recruitment policies
related to personal banker
39
59 respondents are not known about HDFC Bank‟s recruitment policies
related to personal banker
CONCLUSIONS
HDFC Bank the banking arm of HDFC is expected to go on stream The bank
already has good number of employees on board and is recruiting personal banker
heavily to take the headcount to many more It is on the brim of increasing its
customers through its attractive schemes and offer
The project opportunities provided was market segmentation and identifying
prospective customers in potential geographical location and convincing them to
attract more customers so that new business opportunities of the bank can be
explored Through this project it could be concluded that people are not much
aware about the various products of the bank and many of them not interested to
open an account to invest money at all services was considered as unsought good
which require hard core selling but in changing trend in income and people
becoming financially literate the demand for banking sector is increasing day by
day
So at last the conclusion is that there is tough competition ahead for the company
from its major competitors in the banking sector Last but not the least I would like
to thank HDFC Bank for giving me an opportunity to work in the field of
Marketing and Operation I hope the company finds my analysis relevant
40
BIBLIOGRAPHY
1 WEBSITES
wwwhdfcbankcom wwwgooglecom
29
To find the different way of convincing customers
To study brand image of the bank
To increase the business of the bank
SECONDARY OBJECTIVES
To determine the need and purpose of a personal banker
To understand the deciding criteria for people to become a personal banker
To offer suggestions based upon the findings
PRODUCT SCOPE
Studying the increasing business scope of the bank Market segmentation to find
the potential customers for the bank To study how the various products are
positioned in the market Corporate marketing of products Customers‟ perception
on the various products of the bank
RESEARCH METHODOLOGY AND LIMITATIONS
All the findings and conclusions obtained are based on the survey done in the
working area within the time limit I tried to select the sample representative of the
whole group during my summer training I have collected data from people linked
with different professional at Gorakhpur
30
RESEARCH PLAN
PRELIMINARY INVESTIGATION
In which data on the situation surrounding the problems shall be gathered to
arrive at
The correct definition of the problem An understanding of its environment
EXPLORATORY STUDY
To determine the approximate area where the problem lies
RESEARCH DESIGN
Research was initiated by examining the secondary data to gain insight into the
problem By analyzing the secondary data the study aim is to explore the short
comings of the present system and primary data will help to validate the analysis of
secondary data besides on unrevealing the areas which calls for improvement
DEVELOPING THE RESEARCH PLAN
The data for this research project has been collected through self Administration
Due to time limitation and other constraints direct personal interview method is
31
used A structured questionnaire was framed as it is less time consuming generates
specific and to the point
information easier to tabulate and interpret Moreover respondents prefer to give
direct answers In questionnaires open ended and closed ended both the types of
questions has been used
COLLECTION OF DATA
1 SECONDARY DATA It was collected from internal sources The secondary
data was collected on the basis of organizational file official records news papers
magazines management books preserved information in the company‟s database
and website of the company
2 PRIMARY DATA All the people from different profession were personally
visited and interviewed They were the main source of Primary data The method
of collection of primary data was direct personal interview through a structured
questionnaire
SAMPLING PLAN Since it is not possible to study whole universe it becomes
necessary to take sample from the universe to know about its characteristics
Sampling Units Different professionals Chartered Accountants Tax
Consultants Lawyers Business Man Professionals and House Wives of
Gorakhpur
Sample Technique Random Sampling
32
Research Instrument Structured Questionnaire
Contact Method Personal Interview
SAMPLE SIZE My sample size for this project was 50 respondents Since it was
not possible to cover the whole universe in the available time period it was
necessary for me to take a sample size of 50 respondents
DATA COLLECTION INSTRUMENT DEVELOPMENT The mode of
collection of data will be based on Survey Method and Field Activity Primary data
collection will base on personal interview I have prepared the questionnaire
according to the necessity of the data to be collected
RESEARCH LIMITATIONS
It was not possible to understand thoroughly about the different marketing aspects
of the Financial Consultant within 60 days As stipend money was not given it was
difficult to continue the project work All the work was limited in some limited
areas of Gorakhpur so the findings should not be generalized The area of research
was Gorakhpur and it was too vast an area to cover within 60 days
DATA ANALYSIS INTERPRETATION AND PRESENTATION
Q1Your Age
33
Ans
1 18-23 Years 10 Person
2 24-29 Years 20 Person
3 30-35 Years 10 Person
4 35 Years and above 10 Person
Base 50 respondents
Interpretation From above response it can be seen that
20 respondent‟s age are 18 to 23 years
35 respondent‟s age are 24 to 29 years
30 respondent‟s age are 30 to 35 years
15 respondent‟s age are 35 to above years
Q2 Marital Status
bull Married bull Single
No of Children __________
Ans
Married 32 Person
Single 18 Person
No of Children Nil
Interpretation From above response it can be seen that
70 respondents are married
30 respondents are unmarried
Q3 Educational Qualification
34
Undergraduate
Graduate
Postgraduate
9Ans
Undergraduate 10 Person
Graduate 22 Person
Postgraduate 18 Person
Interpretation From above response it can be seen that
25 respondents are Under graduate
40 respondents are Graduate
35 respondents are Post graduate
Q4 Number Of year‟s Are You in Gorakhpur
Less than five year‟s
More than five year‟s
Ans
Less than five year‟s 17 Person
More than five year‟s 33 Person
Interpretation From above response it can be seen
that
39 respondents are in Gorakhpur for less than five years
61 respondents are in Gorakhpur for more than five years
Q5 Your Occupation
Business
35
Profession
Service
Ans
Business 13 Person
Profession 17 Person
Service 20 Person
Interpretation From above response it can be seen that
20 respondents Occupation is Business
26 respondents Occupation is Profession
54 respondents Occupation is Service
Q6 Your annual household income
Less than 2 lacs
Between 2 to 5 lacs
Between 5to 8 lacs
More than 8 lacs
Ans
Less than 2 lacs 32 Person
Between 2 to 5 lacs 13 Person
Between 5to 8 lacs 3 Person
More than 8 lacs 2 Person
Interpretation From above response it can be seen that
49 respondent‟s annual household income is less than 2 lacs
31 respondent‟s annual household income is between 2 to 5 lacs
15 respondent‟s annual household income is between 5 to 8 lacs
36
5 respondent‟s annual household income is more than 8 lacs
Q7 What is your perception about different productsservices provided by HDFC
bank
Lucrative
Not lucrative
No idea
Ans
Lucrative 12 Person
Not lucrative 33 Person
No idea 5 Person
Interpretation From above response it can be seen that
25 respondent‟s perception about different products is lucrative
60 respondent‟s perception about
different products is not lucrative
15 respondent‟s have no idea
Q8 Do you want to open an account with HDFC bank
Yes
No
Will tell later
Ans
Yes 8 Person
No 5 Person
Will tell later 37 Person
37
Interpretation From above response it can be seen that
80 respondents are not interested to open an account with the bank
5 respondents are interested to open an account with the bank
15 of the respondents say that they will tell later
Q9 Do you have all the documents which are required to open an account
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
60 respondents have all the documents which are required to open an
account with the bank
25 respondents do not have all the documents which are required to open
an account with the bank
Q10 Are you aware that the bank provides you free phone banking amp net banking
services If you open a new savings account with HDFC bank
Yes
No
Ans
Yes 32 Person
No 18 Person
Interpretation From above response it can be seen that
38
20 respondents are aware of it
40 respondents are not aware of it
Q11Are you aware of different terms and conditions which are very much
essential to maintain an account at HDFC Bank
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
12 respondents are familiar with different terms and conditions which are
very much essential to maintain account with the bank
88 respondents have no idea about it
Q13 Do you know about HDFC Bank‟s recruitment policies related to personal
banker
Yes
No
Ans
Yes 38 Person
No 12 Person
Interpretation From above response it can be seen that
41 respondents are known about HDFC Bank‟s recruitment policies
related to personal banker
39
59 respondents are not known about HDFC Bank‟s recruitment policies
related to personal banker
CONCLUSIONS
HDFC Bank the banking arm of HDFC is expected to go on stream The bank
already has good number of employees on board and is recruiting personal banker
heavily to take the headcount to many more It is on the brim of increasing its
customers through its attractive schemes and offer
The project opportunities provided was market segmentation and identifying
prospective customers in potential geographical location and convincing them to
attract more customers so that new business opportunities of the bank can be
explored Through this project it could be concluded that people are not much
aware about the various products of the bank and many of them not interested to
open an account to invest money at all services was considered as unsought good
which require hard core selling but in changing trend in income and people
becoming financially literate the demand for banking sector is increasing day by
day
So at last the conclusion is that there is tough competition ahead for the company
from its major competitors in the banking sector Last but not the least I would like
to thank HDFC Bank for giving me an opportunity to work in the field of
Marketing and Operation I hope the company finds my analysis relevant
40
BIBLIOGRAPHY
1 WEBSITES
wwwhdfcbankcom wwwgooglecom
30
RESEARCH PLAN
PRELIMINARY INVESTIGATION
In which data on the situation surrounding the problems shall be gathered to
arrive at
The correct definition of the problem An understanding of its environment
EXPLORATORY STUDY
To determine the approximate area where the problem lies
RESEARCH DESIGN
Research was initiated by examining the secondary data to gain insight into the
problem By analyzing the secondary data the study aim is to explore the short
comings of the present system and primary data will help to validate the analysis of
secondary data besides on unrevealing the areas which calls for improvement
DEVELOPING THE RESEARCH PLAN
The data for this research project has been collected through self Administration
Due to time limitation and other constraints direct personal interview method is
31
used A structured questionnaire was framed as it is less time consuming generates
specific and to the point
information easier to tabulate and interpret Moreover respondents prefer to give
direct answers In questionnaires open ended and closed ended both the types of
questions has been used
COLLECTION OF DATA
1 SECONDARY DATA It was collected from internal sources The secondary
data was collected on the basis of organizational file official records news papers
magazines management books preserved information in the company‟s database
and website of the company
2 PRIMARY DATA All the people from different profession were personally
visited and interviewed They were the main source of Primary data The method
of collection of primary data was direct personal interview through a structured
questionnaire
SAMPLING PLAN Since it is not possible to study whole universe it becomes
necessary to take sample from the universe to know about its characteristics
Sampling Units Different professionals Chartered Accountants Tax
Consultants Lawyers Business Man Professionals and House Wives of
Gorakhpur
Sample Technique Random Sampling
32
Research Instrument Structured Questionnaire
Contact Method Personal Interview
SAMPLE SIZE My sample size for this project was 50 respondents Since it was
not possible to cover the whole universe in the available time period it was
necessary for me to take a sample size of 50 respondents
DATA COLLECTION INSTRUMENT DEVELOPMENT The mode of
collection of data will be based on Survey Method and Field Activity Primary data
collection will base on personal interview I have prepared the questionnaire
according to the necessity of the data to be collected
RESEARCH LIMITATIONS
It was not possible to understand thoroughly about the different marketing aspects
of the Financial Consultant within 60 days As stipend money was not given it was
difficult to continue the project work All the work was limited in some limited
areas of Gorakhpur so the findings should not be generalized The area of research
was Gorakhpur and it was too vast an area to cover within 60 days
DATA ANALYSIS INTERPRETATION AND PRESENTATION
Q1Your Age
33
Ans
1 18-23 Years 10 Person
2 24-29 Years 20 Person
3 30-35 Years 10 Person
4 35 Years and above 10 Person
Base 50 respondents
Interpretation From above response it can be seen that
20 respondent‟s age are 18 to 23 years
35 respondent‟s age are 24 to 29 years
30 respondent‟s age are 30 to 35 years
15 respondent‟s age are 35 to above years
Q2 Marital Status
bull Married bull Single
No of Children __________
Ans
Married 32 Person
Single 18 Person
No of Children Nil
Interpretation From above response it can be seen that
70 respondents are married
30 respondents are unmarried
Q3 Educational Qualification
34
Undergraduate
Graduate
Postgraduate
9Ans
Undergraduate 10 Person
Graduate 22 Person
Postgraduate 18 Person
Interpretation From above response it can be seen that
25 respondents are Under graduate
40 respondents are Graduate
35 respondents are Post graduate
Q4 Number Of year‟s Are You in Gorakhpur
Less than five year‟s
More than five year‟s
Ans
Less than five year‟s 17 Person
More than five year‟s 33 Person
Interpretation From above response it can be seen
that
39 respondents are in Gorakhpur for less than five years
61 respondents are in Gorakhpur for more than five years
Q5 Your Occupation
Business
35
Profession
Service
Ans
Business 13 Person
Profession 17 Person
Service 20 Person
Interpretation From above response it can be seen that
20 respondents Occupation is Business
26 respondents Occupation is Profession
54 respondents Occupation is Service
Q6 Your annual household income
Less than 2 lacs
Between 2 to 5 lacs
Between 5to 8 lacs
More than 8 lacs
Ans
Less than 2 lacs 32 Person
Between 2 to 5 lacs 13 Person
Between 5to 8 lacs 3 Person
More than 8 lacs 2 Person
Interpretation From above response it can be seen that
49 respondent‟s annual household income is less than 2 lacs
31 respondent‟s annual household income is between 2 to 5 lacs
15 respondent‟s annual household income is between 5 to 8 lacs
36
5 respondent‟s annual household income is more than 8 lacs
Q7 What is your perception about different productsservices provided by HDFC
bank
Lucrative
Not lucrative
No idea
Ans
Lucrative 12 Person
Not lucrative 33 Person
No idea 5 Person
Interpretation From above response it can be seen that
25 respondent‟s perception about different products is lucrative
60 respondent‟s perception about
different products is not lucrative
15 respondent‟s have no idea
Q8 Do you want to open an account with HDFC bank
Yes
No
Will tell later
Ans
Yes 8 Person
No 5 Person
Will tell later 37 Person
37
Interpretation From above response it can be seen that
80 respondents are not interested to open an account with the bank
5 respondents are interested to open an account with the bank
15 of the respondents say that they will tell later
Q9 Do you have all the documents which are required to open an account
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
60 respondents have all the documents which are required to open an
account with the bank
25 respondents do not have all the documents which are required to open
an account with the bank
Q10 Are you aware that the bank provides you free phone banking amp net banking
services If you open a new savings account with HDFC bank
Yes
No
Ans
Yes 32 Person
No 18 Person
Interpretation From above response it can be seen that
38
20 respondents are aware of it
40 respondents are not aware of it
Q11Are you aware of different terms and conditions which are very much
essential to maintain an account at HDFC Bank
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
12 respondents are familiar with different terms and conditions which are
very much essential to maintain account with the bank
88 respondents have no idea about it
Q13 Do you know about HDFC Bank‟s recruitment policies related to personal
banker
Yes
No
Ans
Yes 38 Person
No 12 Person
Interpretation From above response it can be seen that
41 respondents are known about HDFC Bank‟s recruitment policies
related to personal banker
39
59 respondents are not known about HDFC Bank‟s recruitment policies
related to personal banker
CONCLUSIONS
HDFC Bank the banking arm of HDFC is expected to go on stream The bank
already has good number of employees on board and is recruiting personal banker
heavily to take the headcount to many more It is on the brim of increasing its
customers through its attractive schemes and offer
The project opportunities provided was market segmentation and identifying
prospective customers in potential geographical location and convincing them to
attract more customers so that new business opportunities of the bank can be
explored Through this project it could be concluded that people are not much
aware about the various products of the bank and many of them not interested to
open an account to invest money at all services was considered as unsought good
which require hard core selling but in changing trend in income and people
becoming financially literate the demand for banking sector is increasing day by
day
So at last the conclusion is that there is tough competition ahead for the company
from its major competitors in the banking sector Last but not the least I would like
to thank HDFC Bank for giving me an opportunity to work in the field of
Marketing and Operation I hope the company finds my analysis relevant
40
BIBLIOGRAPHY
1 WEBSITES
wwwhdfcbankcom wwwgooglecom
31
used A structured questionnaire was framed as it is less time consuming generates
specific and to the point
information easier to tabulate and interpret Moreover respondents prefer to give
direct answers In questionnaires open ended and closed ended both the types of
questions has been used
COLLECTION OF DATA
1 SECONDARY DATA It was collected from internal sources The secondary
data was collected on the basis of organizational file official records news papers
magazines management books preserved information in the company‟s database
and website of the company
2 PRIMARY DATA All the people from different profession were personally
visited and interviewed They were the main source of Primary data The method
of collection of primary data was direct personal interview through a structured
questionnaire
SAMPLING PLAN Since it is not possible to study whole universe it becomes
necessary to take sample from the universe to know about its characteristics
Sampling Units Different professionals Chartered Accountants Tax
Consultants Lawyers Business Man Professionals and House Wives of
Gorakhpur
Sample Technique Random Sampling
32
Research Instrument Structured Questionnaire
Contact Method Personal Interview
SAMPLE SIZE My sample size for this project was 50 respondents Since it was
not possible to cover the whole universe in the available time period it was
necessary for me to take a sample size of 50 respondents
DATA COLLECTION INSTRUMENT DEVELOPMENT The mode of
collection of data will be based on Survey Method and Field Activity Primary data
collection will base on personal interview I have prepared the questionnaire
according to the necessity of the data to be collected
RESEARCH LIMITATIONS
It was not possible to understand thoroughly about the different marketing aspects
of the Financial Consultant within 60 days As stipend money was not given it was
difficult to continue the project work All the work was limited in some limited
areas of Gorakhpur so the findings should not be generalized The area of research
was Gorakhpur and it was too vast an area to cover within 60 days
DATA ANALYSIS INTERPRETATION AND PRESENTATION
Q1Your Age
33
Ans
1 18-23 Years 10 Person
2 24-29 Years 20 Person
3 30-35 Years 10 Person
4 35 Years and above 10 Person
Base 50 respondents
Interpretation From above response it can be seen that
20 respondent‟s age are 18 to 23 years
35 respondent‟s age are 24 to 29 years
30 respondent‟s age are 30 to 35 years
15 respondent‟s age are 35 to above years
Q2 Marital Status
bull Married bull Single
No of Children __________
Ans
Married 32 Person
Single 18 Person
No of Children Nil
Interpretation From above response it can be seen that
70 respondents are married
30 respondents are unmarried
Q3 Educational Qualification
34
Undergraduate
Graduate
Postgraduate
9Ans
Undergraduate 10 Person
Graduate 22 Person
Postgraduate 18 Person
Interpretation From above response it can be seen that
25 respondents are Under graduate
40 respondents are Graduate
35 respondents are Post graduate
Q4 Number Of year‟s Are You in Gorakhpur
Less than five year‟s
More than five year‟s
Ans
Less than five year‟s 17 Person
More than five year‟s 33 Person
Interpretation From above response it can be seen
that
39 respondents are in Gorakhpur for less than five years
61 respondents are in Gorakhpur for more than five years
Q5 Your Occupation
Business
35
Profession
Service
Ans
Business 13 Person
Profession 17 Person
Service 20 Person
Interpretation From above response it can be seen that
20 respondents Occupation is Business
26 respondents Occupation is Profession
54 respondents Occupation is Service
Q6 Your annual household income
Less than 2 lacs
Between 2 to 5 lacs
Between 5to 8 lacs
More than 8 lacs
Ans
Less than 2 lacs 32 Person
Between 2 to 5 lacs 13 Person
Between 5to 8 lacs 3 Person
More than 8 lacs 2 Person
Interpretation From above response it can be seen that
49 respondent‟s annual household income is less than 2 lacs
31 respondent‟s annual household income is between 2 to 5 lacs
15 respondent‟s annual household income is between 5 to 8 lacs
36
5 respondent‟s annual household income is more than 8 lacs
Q7 What is your perception about different productsservices provided by HDFC
bank
Lucrative
Not lucrative
No idea
Ans
Lucrative 12 Person
Not lucrative 33 Person
No idea 5 Person
Interpretation From above response it can be seen that
25 respondent‟s perception about different products is lucrative
60 respondent‟s perception about
different products is not lucrative
15 respondent‟s have no idea
Q8 Do you want to open an account with HDFC bank
Yes
No
Will tell later
Ans
Yes 8 Person
No 5 Person
Will tell later 37 Person
37
Interpretation From above response it can be seen that
80 respondents are not interested to open an account with the bank
5 respondents are interested to open an account with the bank
15 of the respondents say that they will tell later
Q9 Do you have all the documents which are required to open an account
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
60 respondents have all the documents which are required to open an
account with the bank
25 respondents do not have all the documents which are required to open
an account with the bank
Q10 Are you aware that the bank provides you free phone banking amp net banking
services If you open a new savings account with HDFC bank
Yes
No
Ans
Yes 32 Person
No 18 Person
Interpretation From above response it can be seen that
38
20 respondents are aware of it
40 respondents are not aware of it
Q11Are you aware of different terms and conditions which are very much
essential to maintain an account at HDFC Bank
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
12 respondents are familiar with different terms and conditions which are
very much essential to maintain account with the bank
88 respondents have no idea about it
Q13 Do you know about HDFC Bank‟s recruitment policies related to personal
banker
Yes
No
Ans
Yes 38 Person
No 12 Person
Interpretation From above response it can be seen that
41 respondents are known about HDFC Bank‟s recruitment policies
related to personal banker
39
59 respondents are not known about HDFC Bank‟s recruitment policies
related to personal banker
CONCLUSIONS
HDFC Bank the banking arm of HDFC is expected to go on stream The bank
already has good number of employees on board and is recruiting personal banker
heavily to take the headcount to many more It is on the brim of increasing its
customers through its attractive schemes and offer
The project opportunities provided was market segmentation and identifying
prospective customers in potential geographical location and convincing them to
attract more customers so that new business opportunities of the bank can be
explored Through this project it could be concluded that people are not much
aware about the various products of the bank and many of them not interested to
open an account to invest money at all services was considered as unsought good
which require hard core selling but in changing trend in income and people
becoming financially literate the demand for banking sector is increasing day by
day
So at last the conclusion is that there is tough competition ahead for the company
from its major competitors in the banking sector Last but not the least I would like
to thank HDFC Bank for giving me an opportunity to work in the field of
Marketing and Operation I hope the company finds my analysis relevant
40
BIBLIOGRAPHY
1 WEBSITES
wwwhdfcbankcom wwwgooglecom
32
Research Instrument Structured Questionnaire
Contact Method Personal Interview
SAMPLE SIZE My sample size for this project was 50 respondents Since it was
not possible to cover the whole universe in the available time period it was
necessary for me to take a sample size of 50 respondents
DATA COLLECTION INSTRUMENT DEVELOPMENT The mode of
collection of data will be based on Survey Method and Field Activity Primary data
collection will base on personal interview I have prepared the questionnaire
according to the necessity of the data to be collected
RESEARCH LIMITATIONS
It was not possible to understand thoroughly about the different marketing aspects
of the Financial Consultant within 60 days As stipend money was not given it was
difficult to continue the project work All the work was limited in some limited
areas of Gorakhpur so the findings should not be generalized The area of research
was Gorakhpur and it was too vast an area to cover within 60 days
DATA ANALYSIS INTERPRETATION AND PRESENTATION
Q1Your Age
33
Ans
1 18-23 Years 10 Person
2 24-29 Years 20 Person
3 30-35 Years 10 Person
4 35 Years and above 10 Person
Base 50 respondents
Interpretation From above response it can be seen that
20 respondent‟s age are 18 to 23 years
35 respondent‟s age are 24 to 29 years
30 respondent‟s age are 30 to 35 years
15 respondent‟s age are 35 to above years
Q2 Marital Status
bull Married bull Single
No of Children __________
Ans
Married 32 Person
Single 18 Person
No of Children Nil
Interpretation From above response it can be seen that
70 respondents are married
30 respondents are unmarried
Q3 Educational Qualification
34
Undergraduate
Graduate
Postgraduate
9Ans
Undergraduate 10 Person
Graduate 22 Person
Postgraduate 18 Person
Interpretation From above response it can be seen that
25 respondents are Under graduate
40 respondents are Graduate
35 respondents are Post graduate
Q4 Number Of year‟s Are You in Gorakhpur
Less than five year‟s
More than five year‟s
Ans
Less than five year‟s 17 Person
More than five year‟s 33 Person
Interpretation From above response it can be seen
that
39 respondents are in Gorakhpur for less than five years
61 respondents are in Gorakhpur for more than five years
Q5 Your Occupation
Business
35
Profession
Service
Ans
Business 13 Person
Profession 17 Person
Service 20 Person
Interpretation From above response it can be seen that
20 respondents Occupation is Business
26 respondents Occupation is Profession
54 respondents Occupation is Service
Q6 Your annual household income
Less than 2 lacs
Between 2 to 5 lacs
Between 5to 8 lacs
More than 8 lacs
Ans
Less than 2 lacs 32 Person
Between 2 to 5 lacs 13 Person
Between 5to 8 lacs 3 Person
More than 8 lacs 2 Person
Interpretation From above response it can be seen that
49 respondent‟s annual household income is less than 2 lacs
31 respondent‟s annual household income is between 2 to 5 lacs
15 respondent‟s annual household income is between 5 to 8 lacs
36
5 respondent‟s annual household income is more than 8 lacs
Q7 What is your perception about different productsservices provided by HDFC
bank
Lucrative
Not lucrative
No idea
Ans
Lucrative 12 Person
Not lucrative 33 Person
No idea 5 Person
Interpretation From above response it can be seen that
25 respondent‟s perception about different products is lucrative
60 respondent‟s perception about
different products is not lucrative
15 respondent‟s have no idea
Q8 Do you want to open an account with HDFC bank
Yes
No
Will tell later
Ans
Yes 8 Person
No 5 Person
Will tell later 37 Person
37
Interpretation From above response it can be seen that
80 respondents are not interested to open an account with the bank
5 respondents are interested to open an account with the bank
15 of the respondents say that they will tell later
Q9 Do you have all the documents which are required to open an account
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
60 respondents have all the documents which are required to open an
account with the bank
25 respondents do not have all the documents which are required to open
an account with the bank
Q10 Are you aware that the bank provides you free phone banking amp net banking
services If you open a new savings account with HDFC bank
Yes
No
Ans
Yes 32 Person
No 18 Person
Interpretation From above response it can be seen that
38
20 respondents are aware of it
40 respondents are not aware of it
Q11Are you aware of different terms and conditions which are very much
essential to maintain an account at HDFC Bank
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
12 respondents are familiar with different terms and conditions which are
very much essential to maintain account with the bank
88 respondents have no idea about it
Q13 Do you know about HDFC Bank‟s recruitment policies related to personal
banker
Yes
No
Ans
Yes 38 Person
No 12 Person
Interpretation From above response it can be seen that
41 respondents are known about HDFC Bank‟s recruitment policies
related to personal banker
39
59 respondents are not known about HDFC Bank‟s recruitment policies
related to personal banker
CONCLUSIONS
HDFC Bank the banking arm of HDFC is expected to go on stream The bank
already has good number of employees on board and is recruiting personal banker
heavily to take the headcount to many more It is on the brim of increasing its
customers through its attractive schemes and offer
The project opportunities provided was market segmentation and identifying
prospective customers in potential geographical location and convincing them to
attract more customers so that new business opportunities of the bank can be
explored Through this project it could be concluded that people are not much
aware about the various products of the bank and many of them not interested to
open an account to invest money at all services was considered as unsought good
which require hard core selling but in changing trend in income and people
becoming financially literate the demand for banking sector is increasing day by
day
So at last the conclusion is that there is tough competition ahead for the company
from its major competitors in the banking sector Last but not the least I would like
to thank HDFC Bank for giving me an opportunity to work in the field of
Marketing and Operation I hope the company finds my analysis relevant
40
BIBLIOGRAPHY
1 WEBSITES
wwwhdfcbankcom wwwgooglecom
33
Ans
1 18-23 Years 10 Person
2 24-29 Years 20 Person
3 30-35 Years 10 Person
4 35 Years and above 10 Person
Base 50 respondents
Interpretation From above response it can be seen that
20 respondent‟s age are 18 to 23 years
35 respondent‟s age are 24 to 29 years
30 respondent‟s age are 30 to 35 years
15 respondent‟s age are 35 to above years
Q2 Marital Status
bull Married bull Single
No of Children __________
Ans
Married 32 Person
Single 18 Person
No of Children Nil
Interpretation From above response it can be seen that
70 respondents are married
30 respondents are unmarried
Q3 Educational Qualification
34
Undergraduate
Graduate
Postgraduate
9Ans
Undergraduate 10 Person
Graduate 22 Person
Postgraduate 18 Person
Interpretation From above response it can be seen that
25 respondents are Under graduate
40 respondents are Graduate
35 respondents are Post graduate
Q4 Number Of year‟s Are You in Gorakhpur
Less than five year‟s
More than five year‟s
Ans
Less than five year‟s 17 Person
More than five year‟s 33 Person
Interpretation From above response it can be seen
that
39 respondents are in Gorakhpur for less than five years
61 respondents are in Gorakhpur for more than five years
Q5 Your Occupation
Business
35
Profession
Service
Ans
Business 13 Person
Profession 17 Person
Service 20 Person
Interpretation From above response it can be seen that
20 respondents Occupation is Business
26 respondents Occupation is Profession
54 respondents Occupation is Service
Q6 Your annual household income
Less than 2 lacs
Between 2 to 5 lacs
Between 5to 8 lacs
More than 8 lacs
Ans
Less than 2 lacs 32 Person
Between 2 to 5 lacs 13 Person
Between 5to 8 lacs 3 Person
More than 8 lacs 2 Person
Interpretation From above response it can be seen that
49 respondent‟s annual household income is less than 2 lacs
31 respondent‟s annual household income is between 2 to 5 lacs
15 respondent‟s annual household income is between 5 to 8 lacs
36
5 respondent‟s annual household income is more than 8 lacs
Q7 What is your perception about different productsservices provided by HDFC
bank
Lucrative
Not lucrative
No idea
Ans
Lucrative 12 Person
Not lucrative 33 Person
No idea 5 Person
Interpretation From above response it can be seen that
25 respondent‟s perception about different products is lucrative
60 respondent‟s perception about
different products is not lucrative
15 respondent‟s have no idea
Q8 Do you want to open an account with HDFC bank
Yes
No
Will tell later
Ans
Yes 8 Person
No 5 Person
Will tell later 37 Person
37
Interpretation From above response it can be seen that
80 respondents are not interested to open an account with the bank
5 respondents are interested to open an account with the bank
15 of the respondents say that they will tell later
Q9 Do you have all the documents which are required to open an account
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
60 respondents have all the documents which are required to open an
account with the bank
25 respondents do not have all the documents which are required to open
an account with the bank
Q10 Are you aware that the bank provides you free phone banking amp net banking
services If you open a new savings account with HDFC bank
Yes
No
Ans
Yes 32 Person
No 18 Person
Interpretation From above response it can be seen that
38
20 respondents are aware of it
40 respondents are not aware of it
Q11Are you aware of different terms and conditions which are very much
essential to maintain an account at HDFC Bank
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
12 respondents are familiar with different terms and conditions which are
very much essential to maintain account with the bank
88 respondents have no idea about it
Q13 Do you know about HDFC Bank‟s recruitment policies related to personal
banker
Yes
No
Ans
Yes 38 Person
No 12 Person
Interpretation From above response it can be seen that
41 respondents are known about HDFC Bank‟s recruitment policies
related to personal banker
39
59 respondents are not known about HDFC Bank‟s recruitment policies
related to personal banker
CONCLUSIONS
HDFC Bank the banking arm of HDFC is expected to go on stream The bank
already has good number of employees on board and is recruiting personal banker
heavily to take the headcount to many more It is on the brim of increasing its
customers through its attractive schemes and offer
The project opportunities provided was market segmentation and identifying
prospective customers in potential geographical location and convincing them to
attract more customers so that new business opportunities of the bank can be
explored Through this project it could be concluded that people are not much
aware about the various products of the bank and many of them not interested to
open an account to invest money at all services was considered as unsought good
which require hard core selling but in changing trend in income and people
becoming financially literate the demand for banking sector is increasing day by
day
So at last the conclusion is that there is tough competition ahead for the company
from its major competitors in the banking sector Last but not the least I would like
to thank HDFC Bank for giving me an opportunity to work in the field of
Marketing and Operation I hope the company finds my analysis relevant
40
BIBLIOGRAPHY
1 WEBSITES
wwwhdfcbankcom wwwgooglecom
34
Undergraduate
Graduate
Postgraduate
9Ans
Undergraduate 10 Person
Graduate 22 Person
Postgraduate 18 Person
Interpretation From above response it can be seen that
25 respondents are Under graduate
40 respondents are Graduate
35 respondents are Post graduate
Q4 Number Of year‟s Are You in Gorakhpur
Less than five year‟s
More than five year‟s
Ans
Less than five year‟s 17 Person
More than five year‟s 33 Person
Interpretation From above response it can be seen
that
39 respondents are in Gorakhpur for less than five years
61 respondents are in Gorakhpur for more than five years
Q5 Your Occupation
Business
35
Profession
Service
Ans
Business 13 Person
Profession 17 Person
Service 20 Person
Interpretation From above response it can be seen that
20 respondents Occupation is Business
26 respondents Occupation is Profession
54 respondents Occupation is Service
Q6 Your annual household income
Less than 2 lacs
Between 2 to 5 lacs
Between 5to 8 lacs
More than 8 lacs
Ans
Less than 2 lacs 32 Person
Between 2 to 5 lacs 13 Person
Between 5to 8 lacs 3 Person
More than 8 lacs 2 Person
Interpretation From above response it can be seen that
49 respondent‟s annual household income is less than 2 lacs
31 respondent‟s annual household income is between 2 to 5 lacs
15 respondent‟s annual household income is between 5 to 8 lacs
36
5 respondent‟s annual household income is more than 8 lacs
Q7 What is your perception about different productsservices provided by HDFC
bank
Lucrative
Not lucrative
No idea
Ans
Lucrative 12 Person
Not lucrative 33 Person
No idea 5 Person
Interpretation From above response it can be seen that
25 respondent‟s perception about different products is lucrative
60 respondent‟s perception about
different products is not lucrative
15 respondent‟s have no idea
Q8 Do you want to open an account with HDFC bank
Yes
No
Will tell later
Ans
Yes 8 Person
No 5 Person
Will tell later 37 Person
37
Interpretation From above response it can be seen that
80 respondents are not interested to open an account with the bank
5 respondents are interested to open an account with the bank
15 of the respondents say that they will tell later
Q9 Do you have all the documents which are required to open an account
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
60 respondents have all the documents which are required to open an
account with the bank
25 respondents do not have all the documents which are required to open
an account with the bank
Q10 Are you aware that the bank provides you free phone banking amp net banking
services If you open a new savings account with HDFC bank
Yes
No
Ans
Yes 32 Person
No 18 Person
Interpretation From above response it can be seen that
38
20 respondents are aware of it
40 respondents are not aware of it
Q11Are you aware of different terms and conditions which are very much
essential to maintain an account at HDFC Bank
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
12 respondents are familiar with different terms and conditions which are
very much essential to maintain account with the bank
88 respondents have no idea about it
Q13 Do you know about HDFC Bank‟s recruitment policies related to personal
banker
Yes
No
Ans
Yes 38 Person
No 12 Person
Interpretation From above response it can be seen that
41 respondents are known about HDFC Bank‟s recruitment policies
related to personal banker
39
59 respondents are not known about HDFC Bank‟s recruitment policies
related to personal banker
CONCLUSIONS
HDFC Bank the banking arm of HDFC is expected to go on stream The bank
already has good number of employees on board and is recruiting personal banker
heavily to take the headcount to many more It is on the brim of increasing its
customers through its attractive schemes and offer
The project opportunities provided was market segmentation and identifying
prospective customers in potential geographical location and convincing them to
attract more customers so that new business opportunities of the bank can be
explored Through this project it could be concluded that people are not much
aware about the various products of the bank and many of them not interested to
open an account to invest money at all services was considered as unsought good
which require hard core selling but in changing trend in income and people
becoming financially literate the demand for banking sector is increasing day by
day
So at last the conclusion is that there is tough competition ahead for the company
from its major competitors in the banking sector Last but not the least I would like
to thank HDFC Bank for giving me an opportunity to work in the field of
Marketing and Operation I hope the company finds my analysis relevant
40
BIBLIOGRAPHY
1 WEBSITES
wwwhdfcbankcom wwwgooglecom
35
Profession
Service
Ans
Business 13 Person
Profession 17 Person
Service 20 Person
Interpretation From above response it can be seen that
20 respondents Occupation is Business
26 respondents Occupation is Profession
54 respondents Occupation is Service
Q6 Your annual household income
Less than 2 lacs
Between 2 to 5 lacs
Between 5to 8 lacs
More than 8 lacs
Ans
Less than 2 lacs 32 Person
Between 2 to 5 lacs 13 Person
Between 5to 8 lacs 3 Person
More than 8 lacs 2 Person
Interpretation From above response it can be seen that
49 respondent‟s annual household income is less than 2 lacs
31 respondent‟s annual household income is between 2 to 5 lacs
15 respondent‟s annual household income is between 5 to 8 lacs
36
5 respondent‟s annual household income is more than 8 lacs
Q7 What is your perception about different productsservices provided by HDFC
bank
Lucrative
Not lucrative
No idea
Ans
Lucrative 12 Person
Not lucrative 33 Person
No idea 5 Person
Interpretation From above response it can be seen that
25 respondent‟s perception about different products is lucrative
60 respondent‟s perception about
different products is not lucrative
15 respondent‟s have no idea
Q8 Do you want to open an account with HDFC bank
Yes
No
Will tell later
Ans
Yes 8 Person
No 5 Person
Will tell later 37 Person
37
Interpretation From above response it can be seen that
80 respondents are not interested to open an account with the bank
5 respondents are interested to open an account with the bank
15 of the respondents say that they will tell later
Q9 Do you have all the documents which are required to open an account
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
60 respondents have all the documents which are required to open an
account with the bank
25 respondents do not have all the documents which are required to open
an account with the bank
Q10 Are you aware that the bank provides you free phone banking amp net banking
services If you open a new savings account with HDFC bank
Yes
No
Ans
Yes 32 Person
No 18 Person
Interpretation From above response it can be seen that
38
20 respondents are aware of it
40 respondents are not aware of it
Q11Are you aware of different terms and conditions which are very much
essential to maintain an account at HDFC Bank
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
12 respondents are familiar with different terms and conditions which are
very much essential to maintain account with the bank
88 respondents have no idea about it
Q13 Do you know about HDFC Bank‟s recruitment policies related to personal
banker
Yes
No
Ans
Yes 38 Person
No 12 Person
Interpretation From above response it can be seen that
41 respondents are known about HDFC Bank‟s recruitment policies
related to personal banker
39
59 respondents are not known about HDFC Bank‟s recruitment policies
related to personal banker
CONCLUSIONS
HDFC Bank the banking arm of HDFC is expected to go on stream The bank
already has good number of employees on board and is recruiting personal banker
heavily to take the headcount to many more It is on the brim of increasing its
customers through its attractive schemes and offer
The project opportunities provided was market segmentation and identifying
prospective customers in potential geographical location and convincing them to
attract more customers so that new business opportunities of the bank can be
explored Through this project it could be concluded that people are not much
aware about the various products of the bank and many of them not interested to
open an account to invest money at all services was considered as unsought good
which require hard core selling but in changing trend in income and people
becoming financially literate the demand for banking sector is increasing day by
day
So at last the conclusion is that there is tough competition ahead for the company
from its major competitors in the banking sector Last but not the least I would like
to thank HDFC Bank for giving me an opportunity to work in the field of
Marketing and Operation I hope the company finds my analysis relevant
40
BIBLIOGRAPHY
1 WEBSITES
wwwhdfcbankcom wwwgooglecom
36
5 respondent‟s annual household income is more than 8 lacs
Q7 What is your perception about different productsservices provided by HDFC
bank
Lucrative
Not lucrative
No idea
Ans
Lucrative 12 Person
Not lucrative 33 Person
No idea 5 Person
Interpretation From above response it can be seen that
25 respondent‟s perception about different products is lucrative
60 respondent‟s perception about
different products is not lucrative
15 respondent‟s have no idea
Q8 Do you want to open an account with HDFC bank
Yes
No
Will tell later
Ans
Yes 8 Person
No 5 Person
Will tell later 37 Person
37
Interpretation From above response it can be seen that
80 respondents are not interested to open an account with the bank
5 respondents are interested to open an account with the bank
15 of the respondents say that they will tell later
Q9 Do you have all the documents which are required to open an account
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
60 respondents have all the documents which are required to open an
account with the bank
25 respondents do not have all the documents which are required to open
an account with the bank
Q10 Are you aware that the bank provides you free phone banking amp net banking
services If you open a new savings account with HDFC bank
Yes
No
Ans
Yes 32 Person
No 18 Person
Interpretation From above response it can be seen that
38
20 respondents are aware of it
40 respondents are not aware of it
Q11Are you aware of different terms and conditions which are very much
essential to maintain an account at HDFC Bank
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
12 respondents are familiar with different terms and conditions which are
very much essential to maintain account with the bank
88 respondents have no idea about it
Q13 Do you know about HDFC Bank‟s recruitment policies related to personal
banker
Yes
No
Ans
Yes 38 Person
No 12 Person
Interpretation From above response it can be seen that
41 respondents are known about HDFC Bank‟s recruitment policies
related to personal banker
39
59 respondents are not known about HDFC Bank‟s recruitment policies
related to personal banker
CONCLUSIONS
HDFC Bank the banking arm of HDFC is expected to go on stream The bank
already has good number of employees on board and is recruiting personal banker
heavily to take the headcount to many more It is on the brim of increasing its
customers through its attractive schemes and offer
The project opportunities provided was market segmentation and identifying
prospective customers in potential geographical location and convincing them to
attract more customers so that new business opportunities of the bank can be
explored Through this project it could be concluded that people are not much
aware about the various products of the bank and many of them not interested to
open an account to invest money at all services was considered as unsought good
which require hard core selling but in changing trend in income and people
becoming financially literate the demand for banking sector is increasing day by
day
So at last the conclusion is that there is tough competition ahead for the company
from its major competitors in the banking sector Last but not the least I would like
to thank HDFC Bank for giving me an opportunity to work in the field of
Marketing and Operation I hope the company finds my analysis relevant
40
BIBLIOGRAPHY
1 WEBSITES
wwwhdfcbankcom wwwgooglecom
37
Interpretation From above response it can be seen that
80 respondents are not interested to open an account with the bank
5 respondents are interested to open an account with the bank
15 of the respondents say that they will tell later
Q9 Do you have all the documents which are required to open an account
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
60 respondents have all the documents which are required to open an
account with the bank
25 respondents do not have all the documents which are required to open
an account with the bank
Q10 Are you aware that the bank provides you free phone banking amp net banking
services If you open a new savings account with HDFC bank
Yes
No
Ans
Yes 32 Person
No 18 Person
Interpretation From above response it can be seen that
38
20 respondents are aware of it
40 respondents are not aware of it
Q11Are you aware of different terms and conditions which are very much
essential to maintain an account at HDFC Bank
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
12 respondents are familiar with different terms and conditions which are
very much essential to maintain account with the bank
88 respondents have no idea about it
Q13 Do you know about HDFC Bank‟s recruitment policies related to personal
banker
Yes
No
Ans
Yes 38 Person
No 12 Person
Interpretation From above response it can be seen that
41 respondents are known about HDFC Bank‟s recruitment policies
related to personal banker
39
59 respondents are not known about HDFC Bank‟s recruitment policies
related to personal banker
CONCLUSIONS
HDFC Bank the banking arm of HDFC is expected to go on stream The bank
already has good number of employees on board and is recruiting personal banker
heavily to take the headcount to many more It is on the brim of increasing its
customers through its attractive schemes and offer
The project opportunities provided was market segmentation and identifying
prospective customers in potential geographical location and convincing them to
attract more customers so that new business opportunities of the bank can be
explored Through this project it could be concluded that people are not much
aware about the various products of the bank and many of them not interested to
open an account to invest money at all services was considered as unsought good
which require hard core selling but in changing trend in income and people
becoming financially literate the demand for banking sector is increasing day by
day
So at last the conclusion is that there is tough competition ahead for the company
from its major competitors in the banking sector Last but not the least I would like
to thank HDFC Bank for giving me an opportunity to work in the field of
Marketing and Operation I hope the company finds my analysis relevant
40
BIBLIOGRAPHY
1 WEBSITES
wwwhdfcbankcom wwwgooglecom
38
20 respondents are aware of it
40 respondents are not aware of it
Q11Are you aware of different terms and conditions which are very much
essential to maintain an account at HDFC Bank
Yes
No
Ans
Yes 15 Person
No 35 Person
Interpretation From above response it can be seen that
12 respondents are familiar with different terms and conditions which are
very much essential to maintain account with the bank
88 respondents have no idea about it
Q13 Do you know about HDFC Bank‟s recruitment policies related to personal
banker
Yes
No
Ans
Yes 38 Person
No 12 Person
Interpretation From above response it can be seen that
41 respondents are known about HDFC Bank‟s recruitment policies
related to personal banker
39
59 respondents are not known about HDFC Bank‟s recruitment policies
related to personal banker
CONCLUSIONS
HDFC Bank the banking arm of HDFC is expected to go on stream The bank
already has good number of employees on board and is recruiting personal banker
heavily to take the headcount to many more It is on the brim of increasing its
customers through its attractive schemes and offer
The project opportunities provided was market segmentation and identifying
prospective customers in potential geographical location and convincing them to
attract more customers so that new business opportunities of the bank can be
explored Through this project it could be concluded that people are not much
aware about the various products of the bank and many of them not interested to
open an account to invest money at all services was considered as unsought good
which require hard core selling but in changing trend in income and people
becoming financially literate the demand for banking sector is increasing day by
day
So at last the conclusion is that there is tough competition ahead for the company
from its major competitors in the banking sector Last but not the least I would like
to thank HDFC Bank for giving me an opportunity to work in the field of
Marketing and Operation I hope the company finds my analysis relevant
40
BIBLIOGRAPHY
1 WEBSITES
wwwhdfcbankcom wwwgooglecom
39
59 respondents are not known about HDFC Bank‟s recruitment policies
related to personal banker
CONCLUSIONS
HDFC Bank the banking arm of HDFC is expected to go on stream The bank
already has good number of employees on board and is recruiting personal banker
heavily to take the headcount to many more It is on the brim of increasing its
customers through its attractive schemes and offer
The project opportunities provided was market segmentation and identifying
prospective customers in potential geographical location and convincing them to
attract more customers so that new business opportunities of the bank can be
explored Through this project it could be concluded that people are not much
aware about the various products of the bank and many of them not interested to
open an account to invest money at all services was considered as unsought good
which require hard core selling but in changing trend in income and people
becoming financially literate the demand for banking sector is increasing day by
day
So at last the conclusion is that there is tough competition ahead for the company
from its major competitors in the banking sector Last but not the least I would like
to thank HDFC Bank for giving me an opportunity to work in the field of
Marketing and Operation I hope the company finds my analysis relevant
40
BIBLIOGRAPHY
1 WEBSITES
wwwhdfcbankcom wwwgooglecom
40
BIBLIOGRAPHY
1 WEBSITES
wwwhdfcbankcom wwwgooglecom