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RBS is the formerly NO 1 bank in the world

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EXECUTIVE SUMMARY:
The internship requirement in the degree of Master in Business
Administration led me to experience an exciting and professional exposure to RBS
Bank as an intern.
RBS is rapidly gaining ground in the global financial market and considering
this rapid growth; RBS is the formerly NO 1 bank in the world before selling their
operations in India.
Given the identical positioning of both the banks in the market, the
combined entity of MCB and RBS will deliver economies of scale, a more
complete product set, a stronger operating platform and a wider distribution
network. This acquisition will make MCB stronger and have the opportunity to
make their image better.
Though, RBS will officially operated as MCB in next six months but the
management takeover still remains, which will completely change the internal
business processes and policies. But during my period of internship, I essentially
learned the business processes and policies of RBS so from now onwards in this
report, I will refer the Bank as RBS and will focus on its details and policies.
This report accentuates the details of business operations and my learning
and observation at RBS as an intern from 11 June 2012 to 21 July 2012. It also
includes the actual forms that are used in this organization to carry out basic
business processes.

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INDUSTRY PROFILE
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 Bank of
Hindustan, which started in 1770; both 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 in 1955. 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: A company that issues stock and requires
shareholders to be held liable for the company's debt) It was not the first though.
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 liabilities
being transferred to the Alliance Bank of Simla.
Foreign banks too started to app, 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 Pondicherry, 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.

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EXECUTIVE SUMMARY: The internship requirement in the degree of Master in Business Administration led me to experience an exciting and professional exposure to RBS Bank as an intern. RBS is rapidly gaining ground in the global financial market and considering this rapid growth; RBS is the formerly NO 1 bank in the world before selling their operations in India. Given the identical positioning of both the banks in the market, the combined entity of MCB and RBS will deliver economies of scale, a more complete product set, a stronger operating platform and a wider distribution network. This acquisition will make MCB stronger and have the opportunity to make their image better. Though, RBS will officially operated as MCB in next six months but the management takeover still remains, which will completely change the internal business processes and policies. But during my period of internship, I essentially learned the business processes and policies of RBS so from now onwards in this report, I will refer the Bank as RBS and will focus on its details and policies. This report accentuates the details of business operations and my learning and observation at RBS as an intern from 11 June 2012 to 21 July 2012. It also includes the actual forms that are used in this organization to carry out basic business processes. INDUSTRY PROFILE 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 B ...
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