Factors that lead to the development of Syndicate bank in South Karnataka District of India

Mamman, Jose and Unnithan, Sreeharsh and Trevor, Ren (2014) Factors that lead to the development of Syndicate bank in South Karnataka District of India. In: Factors that lead to the development of Syndicate bank in South Karnataka District of India, 14/03/2014, SCMS, Pune.

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Abstract

The major aim of the paper is to find out the factors that lead to development of Syndicate bank,a nationalized bank founded in Southern Karnataka region of India. A nationalized bank being a financial institution serves the needs of the public and so is considered as a social enterprise. Udupi district of South Karnataka has given rise to four major banks in the country. So studying the reasons behind the evolution of among them will help identify the factors that created an ideal business environment for the growth of major banks in the country. Methodology chosen was to review the literature during the time of initiating the bank, direct interaction with people who were in touch the founders, understanding the relevance of vision and mission of the firm with the need of the region at that time, daily life and behavior of founders, geographical location of the firm and the growth of the firm during the early years. The research concludes that there is multitude of factors that give rise to development of a firm in the region. Among those-founders’ business development skills, their innovation in introducing new schemes, concern for the needs of the people in the area were considered as the tangible factors that lead to the development of Syndicate bank as one of the nationalized bank for India.

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: social entrepreneurship, nationalized bank, syndicate bank, entrepreneurship development.
Subjects: Management > MIM Manipal
Depositing User: MIM User
Date Deposited: 11 Dec 2017 06:39
Last Modified: 11 Dec 2017 06:39
URI: http://eprints.manipal.edu/id/eprint/150213

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