Understanding Of Government Banking Groups Banking Essay

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Understanding Of Government Banking Groups Banking Essay

Before the start of my second year of PGDBM I got an opportunity to have a corporate exposure at ICICI regional bank In addition to this exposure it also allowed to implement some of our course learning to real business world situations My internship with ICICI regional bank started on 28th June and extended till 9th august ICICI Bank is Indias secondlargest bank with total assets of Rs 363400 billion US 81 billion at March 31 2010 The Bank has a diverse network of 2016 branches and about 5219 ATMs in India and presence in 18 countries They offer a wide range of banking products financial services to corporate and retail customers through a variety of delivery channels wwwicicibankcom

At my very first day I got the opportunity to talk to some of the senior managers at my office and they suggested me that I should see the working on their different departments and then select my department after one week During this week I interacted with almost every department personnel They told me what their general day is like and what they do and how their part is important for achieving companys strategic goals In my second week I chose government banking group of ICICI bank which comes under corporate banking group

Government Banking Group of ICICI bank offers worldclass banking services leveraging on state of art technology platform and to meet complete financial needs of the government and its enterprises Their aim is to lever their advanced technology platform and ability to deliver customized solutions to meet the specific needs of each and every client emerge as the preferred banker for all government departments and corporationswwwicicibankcom

My mentor MrH relationship manager at the same department gave me an overview about their department and how the functions In my 2nd week of working as a management trainee to GBG he assigned me a live summer internship project where I was required to contact government authorities which were falling under national Egovernance plan and offer them our bank services

Route map of my project

EGOVERANCE Foundation for better and acceptable institution mechanism

Use egovernance to fight corruption Kalam

INRODUCTION

Egovernment is the use of information and communication technology ICT to promote more efficient and costeffective government more convenient government services greater public access to information and more government accountability to citizens wwwadborg It goes beyond providing provision of online services and also covers the use of IT for strategic planning and reaching governments development goals

It is a way by which governments use the new technologies to provide people with more convenient and reliable access to government information and services to improve the quality of the services and also providing greater opportunities to participate in democratic institutions and processes EGovernment provides with some tremendous opportunities to move forward in the 21st century with better quality costeffective government services and a better relationship between citizens and their government

Aggarwal mittal et al 2007

EGovernance is no longer an Option It is a reality and a necessity of Governance S Lakshminarayanan

EGovernance Its relevance

One click is deemed good enough to cut the muchdreaded Indian redtape to shreds Another one takes the wind out of all those touts hanging around public offices Public accountability and responsive services seem suddenly just a blip way wwwdqindiaciolcom

Good governance is based on the premise that the laws and procedures are transparent clearly defined understood by those governed and the implementation is also quick without any hurdles However the governance in a developing country like ours is a challenge as majority of the governed citizens are educationally socioeconomically challenged Moreover in developing countries the governments are formed through democratic means the challenge of governan

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