Month: January 2024
Travancore Federal Bank was the name of Federal Bank of India when it was established in the year 1931. It was inaugurated at Nedumpuram near Tiruvalla Kerala (Tiruvalla is situated south of Kottayam). It had 14 founders with Sri Oommen Varghese as the Chairman and Sri Oommen Chacko as its Manager. It functioned successfully for 10 years and then stopped all of a sudden due to health problems of the Manager Sri Oommen Chacko.
Then a Lawyer of Perumbavoor took the charge and managed it efficiently. The name of the Lawyer was K.P.Hormis. later in the year 1945 K.P. Hormis also became the Managing Director and shifted its Headquarters to Aluva. In the year 1947 the name of the bank was changed to Federal Bank. In the year 1970, it became a Scheduled Commercial Bank. After a series of mergers and acquisitions including banks at Chalakudy, Thrissur, Alleppey, Puthenpally, Thiruvananthapuram, and Kurundwad, Federal Bank became even bigger with larger financial turnovers.
It is one of the largest private sector banks and the prominent one amongst the old private group of Indian banks.
PRESENT STATUS:
Now the bank has its Headquarters at Aluva, near Kochi in Kerala. It is presently running 743 branches across 24 states in India. It now has 803 ATM’s across India. Of these 803 ATM’s there are 108 in Metro Centres, 224 in Urban Centres, 384 Semi-Urban and 87 in rural areas. There has been several high-profile sponsorships and other modes of advertisement including the title sponsorship of the popular Indian cricket franchisee Kochi Tuskers Kerala of the Indian Premier League or IPL. It is also the fourth largest bank right now in India in terms of capital base and is also listed in the London Stock Exchange in addition to the Indian stock markets Bombay Stock Exchange and National Stock Exchange.
ACHIEVEMENTS AND AWARDS:
The Federal bank of India has received many awards during its long journey since 1931 till now. Some of them are:
1. The banking technology Excellence Award for the year 2010-2011.
2. The Excellence Award for Second best bank among traditional private sector banks in Kerala.
3. The Great Mind Challenging Award for implementing the most innovative solution in Business.
4. Ranked number one in Economic Times Intelligence Group Survey.
SERVICES OFFERED:
The bank renders the following services:
1. Savings Bank Account.
2. Current Account.
3. Loans.
4. Deposits.
5. Debit Cards.
6. Fund Transfer.
7. Inward Remittance.
8. Online Bill Collection.
9. Bank Guarantee.
10. cash Management.
11. Demat Accounts.
12. Federal Pure Gold.
13. Gift Accounts.
14. Mutual Fund.
15. Safe Deposit Lockers.
16. NRI Banking Services.
17. Merchant Banking.
18. ASBA.
19. Visa Bill payment.
20. Master Card Secure Code.
21. Verified By Visa (VBV).
22. Online Tax Payment.
23. Mobile Banking -FedMobile.
24. Internet banking -FedNet.
25. Corporate FedNet.
LOANS:
It also gives Loans for various purposes like: Business, Agriculture an Rural, Housing, Educational, Travel, Personal, Car, Medical and Home Loans.
WORKING HOURS:
The Bank runs from morning 9 to evening 4 from Monday to Saturday. Sunday is a holiday. The Bank is closed on Public holidays. the timings are different for its Abu Dhabi Branch which works from 9 AM to 5:30 PM and this branch also works on Sunday.
Online Analytical Processing (OLAP) helps to process vast queries online. Queries are multi dimensional and analytical. It is a part of business intelligence. It includes relational reporting and data mining. OLAP gives service in the area of business reporting for sales, business process management, marketing, management reporting etc. It also includes new areas like agriculture. The term OLAP is derived from another term which is OLTP (Online Transaction Processing).
OLAP contains some databases which use a multidimensional data model. It facilitates complex analytical and vast queries very fast. Some aspects are common to navigational as well as hierarchical databases. These databases are more speedier than relational databases. The result of an OLAP query is generally displayed in the matrix format. It is also called pivot format. Rows and columns of the matrix are made from the dimensions and the values are formed by the measures.
An OLAP cube is there in the core of an OLAP system. It is also called a multidimensional cube or a hypercube. Some numeric facts are there which is called measures. They are classified into the dimensions. We get measures from the records of the fact table and dimensions from the dimensions tables. A set of labels or its meta-data are meant by a measure. These labels are described by a dimension. It contains information about measure. For example a cube contains a store’s sales which is the measure and the date/time which is dimension. Each sale contains date/time label which describes that sale in more detail.
In an OLAP system dimensions can be added to the structure such as store, customer, and cashier. It is entered in a column which is added in a fact table. Its purpose is to enable the analyst to view measures along any combinations of dimensions. Basically a multidimensional structure is defined as a different relational model which uses multidimensional structures to systematize data and explain the relationship between the data. The structure is broken into cubes which store and access data in the boundaries of each cube.
Author:-
Carlos Quijada is an IT professional associated with the field since the last 20 years. His core area of ecialization is programming. Besides working with one of the leading IT services, he writes about technology and its benefits.For more information you can visit OLAP.
Agriculture marketing is the word which is being used in the world of trading. When the goods are transferred from producer to consumer is termed as agriculture marketing. Most of things are connected to each other in agri marketing like production, growing, harvesting , packing, transport, storage, distribution, advertising etc. Market should provide profit to all whether its a customer or producer. It must be customer oriented. In olden days their were different techniques has been applied to transfer product but today in modern marketing different procedures applies to transfer the agri product from producer to customer. Agri products contain everything Seeds, grains, fruits, vegetables, vegetable oil etc. In the development of rural areas, income generation, linkage market plays an important role. These connect social and economic needs.
In the olden days it was very difficult to know the status or rates of the products but in the modern world new technologies are developed through which one can get each and every information related to the market and can be up to date. SMS on cell phone and FM radio facility provides best service to the customer as well as producer. Internet is the another way to get the information. The changes occure can be seen easily. Agriculture commodities are of two types hard and soft. Corn, wheat, soyabean, sugar all are soft commodity. Hard commodity are mined from the ground. One fifth of total GDP contain by agriculture commodities.
Agriculture marketing has two objectives :
1. Sale of surplus commodity
2. Buy other commodity to satisfy needs.
Basically market is divided into three parts :
1.Wholesale market
2. Retail market
3. Fairs
Marketing channel is used through which products are transfer from producer to consumer. Marketing channel consist of storage, handling, transporting, packaging and retailing. In India agriculture is the largest source of employment.
Spot trading is the another term used in market in which delivery takes place on the spot or immediately. Future marketing also done in agriculture products in which the product is being buy or sell in the future trading. The National Commodity and Derivative Exchange, the Multi Commodity Exchange of India Ltd and the National Multi Commodity Exchange of India Ltd. All three have electronic trading and settlement systems and a national presence. Trading in commodity is much more easier then Stocks because their margin is very low. Brokrage is ranges from 0.05% to 0.12% only.
Commodities are generally considered as more stable and consistant in investing but it also have some risk. Agriculture product are transferred from the producer to the consumer in many different ways. Some acts are also applied over the agriculture trading. On average, every hour, 24 hours a day, 365 days a year, around $6 million in U.S. agricultural products–grains, oilseeds, cotton, meats, vegetables, snack foods, etc., will be consigned for shipment for export to foreign markets.