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Published by Sangya Chandra
Challenges being faced by banking industry and HR's role in them
Challenges being faced by banking industry and HR's role in them

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Categories:Types, Research
Published by: Sangya Chandra on Jun 22, 2012
Copyright:Attribution Non-commercial

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06/22/2012

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 Organizational Behavior-IIProject- II
 
ACKNOWLEDGEMENT
We would like to extend our heartfelt gratitude to our course instructor
for “
OrganizationalBehavior
,
Ms. Arjya Chakarvarty
for guiding us through the Project which was a reallearning experience. It provided us with an opportunity to study and analyze the challengesfaced by a private bank in the current scenario. We would especially like to thank Mr. SameerImam, Assistant Vice President, ING Vysya, Mr. Abhishek Srivastava, HR Manager and Mr.Imran Khan, Operations Manager, ING Vysya for their support in answering our questionsand giving us the detailed information about the Bank.
 
 
ABOUT ING VYSYA
ING Vysya Bank today is a part of the ING Group, the world's fourth largest financial servicescompany and the seventeenth largest global corporation. The ING Group brings to ING Vysya150 years of financial services experience and a heritage trusted by 60 million customers in 50countriesING Vysya in India, is active in life insurance, asset management and banking. The bank intendsto bring to its customers in India a range of integrated financial solutions tailored to meetcustomer needs in banking.ING`s mission is to be a leading, global, client-focused, innovative and low-cost provider of 
financial services through the distribution channels of the client‟s preference in mark 
ets whereING can create value.It is an entity formed with the coming together of erstwhile, Vysya Bank Ltd, a premier bank inthe Indian Private Sector and, a global financial powerhouse ING of Dutch origin, during Oct2002.The origin of the erstwhile Vysya Bank was pretty humble. It was in the year 1930 that ateam of visionaries came together to form a bank that would extend a helping hand to those whoweren't privileged enough to enjoy banking services.On the other hand, ING group originated in 1990 from the merger between Nationale
 – 
 Nederlanden NV the largest Dutch Insurance Company and NMB Post Bank Group NV.
Combining roots and ambitions, the newly formed company called “Internationale NederlandenGroup”. Market circles soon abbreviated the name t
o I-N-G. The company followed suit by
changing the statutory name to “ING Group N.V.”.
 It
s one of the specialization is ING Direct, an Internet and direct marketing concept with whichING is rapidly winning retail market share in mature markets. Finally, ING distinguishes itself 
internationally as a provider of „employee benefits‟, i
.e. arrangements of nonwage being theimmediate benefit to the bank.As at the end of the year December 2010, ING's total assets exceeded 1247 billion euros,with aunderlying net profit of 3893 million euros, employed around 105000 people, serves over 85million across 40 countries. This global identity coupled with the backup of a financial powerhouse and the status of being the first Indian International Bank, would also help to enhanceproductivity, profitability, to result in improved performance of the bank, for the benefit of all thestake holders.

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