Frederick Winslow Taylor (20 march 1856-21 march 1915), widely known as F.W. Taylor, was an American mechanical engineer who wanted to improve industrial efficiency.
HENRY FAYOL has given the fourteen principles of management. He has made a distinction between management principles and management elements.
The economic condition keeps on changing over time in the line with the economic the business cycle, as an economy goes through expansion and contraction. The economic condition can be influenced by macro and micro-environment. Including monetary and fiscal policy, GDP growth rate, inflation rate, exchange rate.
The banking ombudsman scheme enables an expeditious and inexpensive forum to bank customers for resolution of complaints relating to certain services rendered by banks.
The unit trust of India(UTI) was established on 1st February 1964 under the ‘’Unit Trust of India Act, 1963’’ by the government of India.
It was established as a wholly-owned subsidiary of IDBI under the small industries development bank of India Act Oct 1989 as the principal financial institution for promotion, financing & development of industries in the small scale sector.
National bank for agriculture and rural development, more popularly known as NABARD was established by an ACT of parliament on 12th July 1982 to implement the national bank for agriculture and rural development act, 1981.
RRBs are oriented towards meeting the needs of the weaker sections of the rural population consisting of small & marginal farmers, agricultural laborers, artisans & small entrepreneurs.
The industrial development bank of India limited commonly known by its acronym IDBI. It is one of India’s leading public sector banks and 4th largest bank in overall ratings. RBI categorized IDBI as an “other public sector bank”. It was established on July 1, 1964.
The state finance corporations (SFCs) are an integral part of institutional finance structure in the country. SFC promotes small and medium industries of the states.