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SYNOPSIS
ON
PERFORMANCE APPRAISAL OF EMPLOYES IN A
COMPANY
TO
IGNOU, NEW DELHI
INTRODUCTION:
Banking in India originated in the last decades of the 18th century. The first banks were The
General Bank of India which started in 1786, and the Bank of Hindustan, both of which are
now defunct. The oldest bank in existence in India is the State Bank of India, which
originated in the Bank of Calcutta in June 1806, which almost immediately became the Bank
of Bengal. This was one of the three presidency banks, the other two being the Bank of
Bombay and the Bank of Madras, all three of which were established under charters from the
British East India Company. For many years the Presidency banks acted as quasi-central
banks, as did their successors. The three banks merged in 1921 to form the Imperial Bank of
India, which, upon India's independence, became the State Bank of India. Indian merchants in
Calcutta established the Union Bank in 1839, but it failed in 1848 as a consequence of the
economic crisis of 1848-49. The Allahabad Bank, established in 1865 and still functioning
today, is the oldest Joint Stock bank in India.(Joint Stock Bank. . That honor belongs to the
Bank of Upper India, which was established in 1863, and which survived until 1913, when it
failed, with some of its assets and b Foreign banks too started to arrive, particularly in
Calcutta, in the 1860s. The Comptoire d'Escompte de Paris opened a branch in Calcutta in
1860, and another in Bombay in 1862; branches in Madras and Pondichery, then a French
colony, followed. HSBC established itself in Bengal in 1869. Calcutta was the most active
trading port in India, mainly due to the trade of the British Empire, and so became a banking
center.
Being transferred to the Alliance Bank of Simla. The Bank of Bengal, which later merged
with the Bank of Bombay and the Bank of Madras to form the Imperial Bank of India in
1921.
The period between 1906 and 1911 a number of banks established then have survived to the
present such as Bank of India, Corporation Bank, Indian Bank, Bank of Baroda, Canara Bank
and Central Bank of India.
The partition of India in 1947 adversely impacted the economies of Punjab and West Bengal,
paralyzing banking activities for months. India's independence marked the end of a regime of
the Laissez-faire for the Indian banking. The Government of India initiated measures to play
an active role in the economic life of the nation, and the Industrial Policy Resolution adopted
by the government in 1948 envisaged a mixed economy. This resulted into greater
involvement of the state in different segments of the economy including banking and finance.
The major steps to regulate banking included:
In 1949, the In 1948, the Reserve Bank of India, India's central banking authority, was
nationalized, and it became Banking Regulation Act was enacted which empowered the
Reserve Bank of India (RBI) "to regulate, control, and inspect the banks in India."
The Banking Regulation Act also provided that no new bank or branch of an existing bank
could be opened without a license from the RBI, and no two banks could have common
directors.
However, despite these provisions, control and regulations, banks in India except the State
Bank of India, continued to be owned and operated by private persons. This changed with the
nationalization of major banks in India on 19 July 1969.
Introduction to bank
The study seems to be the observation and a description of the project where we try to find
out the hidden aspect or bring out the concept for further explanation, but some scientific
method and techniques classified it as the research, thats why the following research
methods, techniques and components are used to facilitate the study
Descriptive research design is a scientific method that is used in this study which helps in
observing and describing the behavior of a subject without influencing it in any way to obtain
a general overview of the subject.
This design allows observation without affecting normal behavior. It is also useful because it
is not possible to test and measure the large number of samples needed for more quantitative
types of experimentation
These types of experiments are often used by anthropologists, psychologists and social
scientists to observe natural behaviors without affecting them in any way. It is also used by
market researchers to judge the habits of customers, or by companies wishing to judge the
morale of staff.
Though the results from a descriptive research can in no way be used as a definitive answer
or to disapprove a hypothesis but, if the limitations are understood, they can still be a useful
tool in many areas of scientific and normal study research such as this project.
The following sources are used for collecting the data for this study:
Books
internet
Journals
News papers
Personal sources
Study is limited to selected group from the main stream of the organization.
The responses would have also been affected by the amount of work and working
conditions.
Study includes both collections of data from primary as well as secondary sources.
BIBILOGRAPHY:
Davis, Keith. Human Behavior at Work, Singapore. Hill International Book co;
1989.