Kotak Mahindra Bank has over 66,000 employees and aims to promote a culture of ethics and employee engagement through various programs. Some of its key HR initiatives include GRACE which defines ethics guidelines, regular employee surveys, internal communication portals, and Project SPARSH which focuses on talent management and performance. The bank also offers stock ownership programs, an annual "Make a Difference Day" for employees, emergency loans, health benefits, and cultural events throughout the year to improve employee satisfaction. It also has specific programs to attract and support women employees, such as partnering with agencies promoting women's careers and offering 6 months of maternity leave.
About Microfinance
About Suryoday
SWOT and PESTEL analysis of Suryoday
Blue ocean Strategy
Financial Highlights of Suryoday
Branding and marketing strategy
Risk Management and policy
Major players
About Microfinance
About Suryoday
SWOT and PESTEL analysis of Suryoday
Blue ocean Strategy
Financial Highlights of Suryoday
Branding and marketing strategy
Risk Management and policy
Major players
Government schemes to avail business loans and financial grantsWorkspace City
workshop dedicated to budding entrepreneurs and startups who are looking for financial grants, government concessions, subsidies under various schemes of the government of India, the ministry of MSME government of Madhya Pradesh. This session briefed by Shri Yudhisthir Haldar Consultant MSME & Startup Cell, MPCON Limited(PSU) a government of India enterprises.
Effective Credit and Investment Management of BangladeshJahid Khan Rahat
This study aims to unveil the bank’s attitude towards credit and investment management. In Bangladesh there is mainly two categories banking system that is Islamic Banking system and
conventional Banking system. Those system has totally different credit and investment policy. Islami Bank is based on Sharia. So, they invest as a partner of any business organization. As a result, it is sharing their profit not the interest. On the other hand, conventional bank based in interest system. So, their investment and credit policy are totally different from each other. In this research we investigate the relationship of credit or investment initiates and profitability of bank. We used secondary research method in completing this relationship of which we collect qualitative data from different sources.
3. This module discusses the various governmental Institutional Support provided to nurture entrepreneurship in India especially Small scale and cottage industry in villages. , Type of Support provided by governmental agencies, Directorate of Industries, Industrial Development Corporation, State Financial Corporations, State Small industries Development Corporation(SSIDC), Khadi and Village Industries Commission (KVIC),National Small Industries Corporation (NSIC) and Small Industries Development Bank Of India(SIDBI).
Government schemes to avail business loans and financial grantsWorkspace City
workshop dedicated to budding entrepreneurs and startups who are looking for financial grants, government concessions, subsidies under various schemes of the government of India, the ministry of MSME government of Madhya Pradesh. This session briefed by Shri Yudhisthir Haldar Consultant MSME & Startup Cell, MPCON Limited(PSU) a government of India enterprises.
Effective Credit and Investment Management of BangladeshJahid Khan Rahat
This study aims to unveil the bank’s attitude towards credit and investment management. In Bangladesh there is mainly two categories banking system that is Islamic Banking system and
conventional Banking system. Those system has totally different credit and investment policy. Islami Bank is based on Sharia. So, they invest as a partner of any business organization. As a result, it is sharing their profit not the interest. On the other hand, conventional bank based in interest system. So, their investment and credit policy are totally different from each other. In this research we investigate the relationship of credit or investment initiates and profitability of bank. We used secondary research method in completing this relationship of which we collect qualitative data from different sources.
3. This module discusses the various governmental Institutional Support provided to nurture entrepreneurship in India especially Small scale and cottage industry in villages. , Type of Support provided by governmental agencies, Directorate of Industries, Industrial Development Corporation, State Financial Corporations, State Small industries Development Corporation(SSIDC), Khadi and Village Industries Commission (KVIC),National Small Industries Corporation (NSIC) and Small Industries Development Bank Of India(SIDBI).
HR POLICIES, PRACTICES AND HR STRUCTURE OF KOTAK MAHINDRA BANKVinit Poojary
IT INCLUDES THE MISSION VISION ABOUT KOTAK MAHINDRA BANK , ITS HR STRUCTURE, ITS HR POLICIES AND HR PRACTICES... IT CONSISTS OF 5 MAJOR HR POLICIES WHICH INCLUDE EMPLOYEE WELL BEING ,F.L.A.M.E. STRISANGINI, WORKPLACE SAFETY, CONTRACTUAL WORKFORCE....
Frederick Herzberg’s two factor theory - to what extent is money a motivator? Zil Shah
The two-factor theory is also known as Herzberg's motivation-hygiene theory and dual-factor theory. The two factor theory states that there are certain factors in the workplace that cause job satisfaction, while a separate set of factors cause dissatisfaction. It was developed by psychologist Frederick Herzberg, who theorized that job satisfaction and job dissatisfaction act independently of each other.
Frederick Herzberg conducted a study. He interviewed 200 accountants and engineer. He asked them to think of a time when they felt good at their jobs and a time when they felt bad about their jobs and then to describe conditions which leads to such feelings. Researchers concluded that factor responsible for job satisfaction is different form factor that leads to dissatisfaction. Job satisfaction and job dissatisfaction are different from each other’s. Absence of job satisfaction does not mean in job dissatisfaction but it is no job satisfaction.
The factors are classified as follows:
Motivational Factors
Hygiene\ Maintenance Factors
1.Motivational Factors:
These factors are related to nature of work, job content and are intrinsic to job itself. These factors have a positive influence on morale, satisfaction, efficiency and higher productivity. Some of these factors are achievement, recognition, responsibility, advancement, work itself and possibility of growth.
2.Hygiene Factors:
These factors are related to job context and are extrinsic to job. Hygiene factors do not motivate people. They simply prevent dissatisfaction and maintain status quo. They produce no growth but prevent loss. The absence of company policy, administration, status, job security, salary, relations with subordinates and supervisors, work condition, peer relations and personal life.
1. KOTAK MAHINDRA BANK
INTRODUCTION
The Kotak Mahindra Group was born in 1985 as Kotak Capital Management Finance Limited.
This company was promoted by “Uday Kotak.” The symbol of infinite Ka reflects our global
Indian personality.
MD: Mr. Uday Kotak
Total employees: 66076
Gender ratio : 1:10
2. HR PRACTICES AT BANK:
1. GRACE a code of banking practice.
GRACE means “Grand Rules and Code of Ethics”. It is relaunched from the CMCE
named as “Committee to Monitor Code of Ethics”. It is served as a tool defining the
boundaries for interpretation of the directives of the regulatory authority in areas.
2. ESAT survey.
It is a survey program implemented on quarterly basis to engage employees further and
identify various parameters that influence employees to work continuously.
3. Communication portal-”know & reach”.
Know- Internal communication portal
Reach-A direct communication channel between employee and management.
Here employee also increasingly concerned about their growth plan & aspiration to
enhance themselves as professionals.
4. Introducing “wings within” for employee engagement.
It is an external HR program. Where customers nominate those employees who are very
keen to make their career in HR. and specially catters to the career need of employees &
help to nurture their personal growth agenda.
3. 5. Project SPARSH.
Here bank takes various initiatives like talent management, performance management;
manpower planning etc. that will produce substantial results and going forward enabling
the bank to successfully address high tough business challenges.
6. Feedback program “Kotak Integrated Sales and Service
System”(KISSS).
It is simpler way of feedback. It defines the action plan for employees as online
application. Which weekly details are send about performance score through this
software. So that it indicate employee quickly work logging point and employee could
quickly work upon the same before end of month.
EMPLOYEE SATISFACTION PROGRAMS:
1. Ownership of rights to acquire stock & bonds.
Bank provides all these in excess of 1% of the total stock & bond of the same class, of
such an organization that is corporation.
2. Celebrate “Make Different Day”.
Bank celebrates this day as an opportunity for employess to leave their laptop, conference
calls and emails etc. and directs their passion, determination and skills through organizing
activities, competition & workshops etc.
4. 3. Emergency loan.
This will provide as per the employee requirement whenever they need and deduct from
the salary of the employees.
4. Kotak critical illness plus benefit.
It is payable if member claim for suffer from one out of twelve critical illness covered.
But benefit ceases after payment, the death benefit is still payable.
5. Celebrate Kotak Kultural Konnect Week: Republic Day Celebration,
Diwali celebration with Team HR, Hawaiin Karnival (Christmas in-style), and Kotak
turns 4!!
This is begun with lighting of traditional look (SAMAI) by the senior management and
new joiners.
There are 22 teams participated to put up a fabulous “talent show” from singing, dancing
etc.
Prizes also given there:
1st prize- retail liabilities
2nd prize- personal loan
3rd prize- contact center
There is display competition by giving creative ideas.
5. INITIATIVE FOR WOMEN’S:
1. Engage with certain agencies to attract women who have taken
a break from their career.
There are some agencies like Manipal University and Serve Siksha Abhiyan who
promote the womens to grow & take initiative.
2. Maternity leave for 6 months.
Maternity leave provide as per the government rules and except this safety leave can be
extended for 2 years.
3. Prefer to recruit 2women out of 5 candidates.