Ndb Bank Case Study

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1.1.1 Introduction to the National Development Bank PLC( NDB)
The National Development Bank PLC ( NDB Bank) is a banking as well as financial institution of Sri Lanka, NDB is headquartered in Colombo, Sri Lanka (at No 40, Nawam Mawatha, Colombo 2). NDB begun its operations in1979 as a state-owned development of finance institution. NDB was set up by Sri Lanka Act No 2 of 1979 as “National Development Bank of Sri Lanka” In January 1979 as a wholly state owned institution. In 1993 NDB was changed its ownership structure as privatized and NDB listed on the Colombo Stock Exchange ( CSE) as well . After that in 2001, NDB was in incorporated a commercial bank under the Companies Act No 2 of 1982 as their long term plans and their name as NDB Bank Limited. Then it got the business and operations and they changed and converted as a Licensed Commercial Bank from Licensed Specialed Bank On 29 July 2005.
1.1.2 Product Portfolio of NDB
• Commercial Banking - Trade finance , Cash management , Distributor …show more content…
NDB bank provides the motivation as well as training for the employees which includes the values and ethics of the NDB Bank line with the goals and strategies of the NDB Bank. Recruitment of the NDB bank promotes the diversity. NDB bank's promotion policies are at the management levels with greater than one third of the women being as staff. The workforce of the NDB bank includes the people who are from different religions , ethnicities and social backgrounds,. The NDB bank believes that their one of their strength is diversity by providing equal opportunity. The NDB Bank has recruited 476 new staff during this year due to the increase the number of branches of NDB bank. In order to recruit the people for the vacancy, the NDB Bank uses the bottom-up process . So the senior vacancy positions are filled through internally as much as

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