Foreign Trade and Exchange - International Business Essay

Foreign Trade and Exchange - International Business - Essay Example The international foreign trade and exchange has developed to constitute free trade policies, guided by reduction of tariffs and quotas in trade and exchange transactions (Justin 425). In other words, the contribution and evolution of the concepts of Mercantilism, Adam Smith, and Ricardo among others have shaped international business today. Apple, Inc. is primary competitive firm globally. It enjoys an absolute advantage in creating product quality and pricing policies that capture the interests of the market in both domestic and global contexts. This follows the idea that Apple manufactures its products at a competitive low production cost relative to rival firms in the industry. Apple’s comparative advantage emanates from its collaboration with other firms like Google in offering its products and services. In other words, Apple understands that it cannot be self-sufficient in business, thus collaborating with other firms in business terms. Comparative advantage in this regard is more important due to the complementarity it provides, through trade and exchange as opposed to being at an advantage that is based on operational costs off trade and exchange in the market (Justin

Global Limited System Essay Example for Free

Global Limited System Essay Global Limited is a global provider of infrastructure information systems, whose services cater to a wide range of industry sectors. One of Global Limited’s business objectives is information security for their clients. In order to provide their clients with information security, Global Limited has utilized a risk management approach to protect their client’s information. From a security standpoint the step taken by Global Limited are sound and will maximize the security of their client’s information. The main weakness as such will remain at the user level. If the end users both internal and external are not security conscious and vigilant in their security awareness then there is a risk of a vulnerability being exploited. The access controls Global Limited implemented using access tokens and PIN numbers for authentication provides a level of security to protect unauthorized access to data and systems. The additional use of the Data Loss Prevention (DLP) product to manage data across the network is integral to compliance of the CIA triad. Global Limited’s approach of layered security from end- point to end user utilized several different methods of controls thus providing their clients with a single comprehensive strategy. Although there is no real way to have complete security against all threats, Global Limited has provided their clients with a secure solution without being so intrusive that the end users cannot do their jobs. If a company or organization’s data and systems are not secure, be it from lack of proper controls or improper physical security, then they would be out of compliance with industry standards. According to the SOX act a company is supposed to have internal controls in place to prevent and detect unauthorized access of financial data. Global’s risk management approach was a key factor in the success of their efforts to protecting their cl ient’s information assets. By utilizing risk management strategies Global was able to detect vulnerabilities where there were the  most likelihood of threat and implement controls to detect and/or prevent breaches of the security controls. The risk management process ensured Global addressed security measures at all levels of the IT/domain. Having remote external access to Global’s network poses many threats. Lack of physical controls over devices could result in breaches. If a person lost a laptop that ad sensitive data or kept their login credentials stored on their phones, an unauthorized person could gain access. If data is not properly classified and protected it could be compromised through VPN. Some other tools that are comparable to those used by Global are Biometrics and cryptographic keys used for authentication. Titan CMS is similar to Global’s DLP suite in that it classifies, monitors and secures data across a network. Clone Guard provides vulnerability scanning, intrusion detection, and penetration testing to test an organizations defensive countermeasures and identify threats. References Managed Network Security, IDS IPS Solutions Provider Clone Systems, Inc. (n.d.). Retrieved March 30, 2014, from http://www.clone-systems.com/?gclid=CPCGzpWn1r0CFaVxOgodtEcAeQ Titan CMS content management systems. (n.d.). Retrieved March 30, 2014, from http://titancms.com/home.htm

F. Scott Fitzgeralds The Great Gatsby Essay -- essays research papers

Wealth, Love, and the American Dream It has been said that F. Scott Fitzgerald’s The Great Gatsby is about the pursuit of the American dream. It has also been said that the novel is about love, ambition, and obsession. Perhaps both are true. Combined, these themes may be understood in their most basic forms among the relationships within the novel. After all, each character’s reason for belonging to a relationship speaks very strongly of what really makes him tick; each character’s manifestation of his own desires is found within his lover. Throughout the novel, what universally unites each character beyond anything else is the love of a dream or position and involvement in relationships for the success of that dream. Jay Gatsby has loved Daisy Buchanan since their romance of his youth. Beautiful, rich, and refined, Daisy serves as a symbol of Gatsby’s wealth- she represents what 17-year-old James Gatz invented himself to be. The product of years of unfulfilled waited and longing by Gatsby, she becomes a sort of trophy dream. "Her voice is full of money", Gatsby says (Fitzgerald 127). This delightful figure of speech shows precisely what Gatsby desires. The poor boy from the mid-west hoped to be a great man; Daisy has become the manifestation of this desire. Thus, he believes that by impressing her and being accepted by her he can fully posses that dream. After all, Gatsby believes that with his fabulous wealth he can buy anything he wants, especially Daisy. Longing for the love of his youth, he shapes his whole life around this objective of becoming worthy of her. "He had waited five years and bought a mansion where he dispensed starlight to casual moths so that he coul d ‘come over’ some afternoon to a stranger’s garden" (Fitzgerald 83). Daisy had become the be-all and end-all of his mad ambition, and yet, his approach is passive and wasteful. Instead of actively seeking Daisy, he throws lavish parties, hoping she will stumble in. He finally resorts to a poorly planned meeting, using Nick as an accomplice and stumbling through a reunion that he had planned for all the years she had been away. Unfortunately for Gatsby, Daisy has married in his absence the hulking, brutish Tom Buchanan, the sort of man one would have expected her to marry all along. Tom represents old money, Ame... ...re within Myrtle to make public her new station in life. Unfortunately, there is not much structure within the apartment or the relationship itself. Neither can support the goals and ambitions brought into the relationship. Just as their apartment seems cramped due to more furniture than the building allows, their relationship is crowded and messy without any real feeling or structure. What is common in these relationships is the desire for the attainment of one’s dream through the use of one’s lover. Gatsby loves Daisy because she represents wealth and success, Daisy loves Tom because he holds the promise of a continued place as a member of American aristocracy, and Myrtle loves Tom because she believes that her relationship with him will grant her a place in high society. Although these relationships may exhibit pure ambition they do not exhibit pure love. Perhaps the novel is making a statement about the nature of ambition itself. When intertwined and mistaken with love, ambition causes hurt, disillusionment, and tragedy. And thus, perhaps Fitzgerald is saying that when the American dream is one based on money and mistaken for love, tragedy occurs.

Law in the light Of Three cases Essay

Framing his arguments on the conception of the â€Å"original understanding† as basis, Bork argues that this theory is the best and sole method which can be utilized in order to resolve and reconcile the perceived conflict that exists between what he calls as the â€Å"Madisonian† or â€Å"counter-majoritarian† dilemma. This problem primarily concerns the judiciary of creating law bereft of popular approval or consultation. The reconciliation between the two opposing poles according to Bork can be further resolved through the guidance not only of the basic functions of the branches of the government but, far more importantly, also of the Framer’s original understanding of the Constitution of the United States of America. Bork emphasizes that it is not essentially the role of the courts to legislate or create laws from where they are primarily positioned and that the court’s primary duty is to adjudicate. Moreover, he also argues that the courts should not only practice restraint in arriving at legal decisions over cases but that they should also make manifest of â€Å"neutral principles† quite apart from ad hoc pronouncements or subjective valuations or judgments which Bork sees as insufficient. In essence, the theory of originalism within the scopes of the constitutional interpretation by the U. S. is a conjuncture or a family of theories that reinforces the perception that the Constitution has an unchanging, hence fixed, and comprehensible meaning right at its establishment or the time of its ratification. It is also a theory of law that is formalist in nature and is closely related with the theory of textualism. The theory of originalism is currently popular among the political conservatives of the United States political system that is directly intertwined with Robert Bork as well as Clarence Thomas and Antonin Scalia although there are also quite a number of liberals who support and make use of the arguments being put forward by the theory of originalism. For the most part, originalism is conceived as a family of theories whereby a set of interpretations, though separated by fine distinctions, are nevertheless held together by their theoretical and argumentative support for originalism. The theory of original intent suggests that originalism is the view that argues that the interpretation of a written constitution is held to be firmly aligned with the primary intentions of those who drafted and approved its legality. This interpretation based on original intent has so often been used to disapprove unpopular groups such as gays and blacks during the middle parts of the twentieth century from acquiring civil liberties. The reason to this is that the original intent of the authors or the â€Å"founders† of the constitution did not practically intend explicitly or implicitly either for gays or for blacks to be duly given with the same rights that white males enjoy. On the other hand, closely related to textualism is the notion of the â€Å"original meaning† which holds that the precise and rightful interpretation of the constitution should be entirely founded on what the ordinary meaning of the written texts in the constitution would have been during the year or the time when it was drafted and ratified. Although these interpretations of the theory of originalism may not necessarily come into full agreement on the use of the terms expressed in the constitution, they nevertheless share the same view that there is an authority that exists with the ratification of the constitution that should serve as the backbone in extracting the meaning of the constitution. The very distinctions correspond to the intentions of the authors, the plain meaning of the written texts in the constitution, and the comprehension of those who authored the constitution or those who ratified it. Paul Brest held contradicting arguments to those that are being proposed in the context of originalism. Brest maintains that the theory of originalism is itself unworkable for the reason that it is practically not feasible to identify and aggregate the intentions of the framers of the constitution whose numbers come in multitudes. He further maintains that the arguments being put forward by originalism is difficult to be pursued and be delegated to current issues that beset the legal system. Frederick Schauer, as a proponent of legal formalism, may very well suggest that the substance of laws is not an area of concern for the judges to delve into but is rather the function of the legislative body in a democratic government. The division between policy or normative considerations and legal reasoning, as put forward by formalism, highlights the issue revolving around the attempts of justices to determine the legal valuations of statutes. Planned Parenthood versus Casey  The constitutionality of a number of state regulations in Pennsylvania that correspond on the legal issued of abortion were put to legal test in the case of Planned Parenthood versus Casey. The Supreme Court of the United States’ lead plurality opinion maintained the right to acquire an abortion although contemporaneous to its decision is the lowering of the standards for the assessing limitations of such right which in turn nullified the validity of one regulation in favor of the upholding of the other regulations. The case in itself is divided between differing judgments among the justices and that none of the opinions of the Justices were merged or could have been merged by a majority among the justices. Moreover, the case has made clear the very substantial role of precedents in deciding the legality and outcome of the arguments in legal cases. The main precedent that has been used in the case is that of Roe v. Wade which initially recognized the right guaranteed by the U. S. Constitution to decide for and acquire an abortion as a form of liberty specifically maintained by the Fourteenth Amendment, specifically by the Due Process Clause. The course of the case posed the first challenge directed towards the court’s ruling in the case of Roe that further distinguished itself as a seminal issue in the history of the abortion rights in America. On the part of the Justices who comprised the panel that will decide the merit and outcome of the case, dissenting opinions were raised and held. Part of the arguments raised by the justices who concurred with Roe as precedent suggests that the arguments raised in the Roe case were legally substantial enough to uphold the constitutionality of the provisions set forth by the Constitution. That is, the Roe case as precedent addresses the contentions of the complainants in the manner in which prior court rulings are maintained and, hence, determine the legality of the case inasmuch as the contentions to the legal rights are provided and preserved. On the other hand, part of the panel of justices dissented on the substantiality of the constitutional provision by arguing that the Roe case, when used as a precedent in the case at hand, was incorrectly decided and, hence, cannot be considered in extracting the necessary legal remedy in the case of Planned Parenthood versus Casey. Rawls and the principle of fairness Central to John Rawls’ conception of justice is his treatment of the concept of justice as â€Å"fairness†. From this main precept, Rawls continues his argument by expounding on the circumstances that will give rise to these fair conditions. Before centering one’s attention on these circumstances, it must be noted that Rawls primarily makes use of the veil of ignorance in determining the principles of justice that the society will eventually adopt. These first principles of justice will then serve as the basis for the legal aspects of the society such as the creation of legislative proclamations, precedents, drafting and ratification of the constitution, legal sanctions expressed in these written codes of law among many others. At the onset of the determination of the principles of justice, Rawls suggests that the members of the society will convene in order to determine which principles are to be accepted as the first principles. The convention of the individuals is made on equal on grounds on several bases. First is that the individuals will be deprived of general knowledge on matters which will allow them to obtain a relative advantage over other people in the convention. This limiting of knowledge is met through the hypothetical veil of ignorance that serves as the â€Å"veil† which strains out specific knowledge among them. The specific types of knowledge Rawls refers to are those that revolve around the context of the age, race and social status among many others. The knowledge of these specific factors, Rawls claims, lead to an unfair advantage of some over the rest for the reason that it results to basic inequalities prior to the commencement of the convention of rational individuals. On the other hand, what must only be permitted are general knowledge such as the knowledge that the principles that the convention of individuals will eventually agree on will automatically subject these people to the scopes and limitations set forth in these principles and other sets of principles that can be derived from them. Eventually, the individuals in the convention will agree on the first principles of justice they are able to decide. Conversely, this is the crucial part whereby fairness is met. Fairness here is taken to mean that the first principles were derived under fair conditions to the individuals and that the principles, consequently, are fair as well. From this, it is claimed that the moral obligations that are to be extracted from the principles of justice are those that the individuals will not disagree on for reasons of injustice or unfairness. The reason behind this is that the veil of ignorance guarantees fair conditions in arriving at fair principles thereby ensuing that the individuals will not go against the provisions of the law derived from the first principles. John Simmons, on the other hand, maintains that there is apparently the non-existence of any strong moral duty towards the law of any given society or state. Moreover, Simmons argues that moral obedience towards the constitution or the law in general barely amounts to the premise that even in a just or orderly state only some natural duty and not all brings justification of compliance to the law. Further, Simmons analyzes and determines that Rawls’ conception of a natural duty of justice (all must build and maintain just institutional arrangements) as a justification for the natural duty to obey the law is inadequate to bring about a strong moral duty towards the law. The arguments of Rawls primarily fail for the reason that Rawls is unable in thoroughly explaining the reason behind why even just institutions in the domestic arena ought to acquire privileged moral authority over individuals in the state. Conversely, it should be noted that if indeed there is the existence of natural duty towards justice, then the question remains as to why this duty would have to arrive at the fences of every state or nation.

Merger of Bank of Rajasthan with Icici Bank

MERGER OF THE BANK OF RAJASTHAN LIMITED WITH ICICI BANK The Bank of Rajasthan Limited (Bank of Rajasthan), a banking company incorporated within the meaning of Companies Act, 1956 and licensed by Reserve Bank of India (RBI) under the Banking Regulation Act, 1949 was amalgamated with ICICI Bank Limited (ICICI Bank/the Bank) with effect from close of business on August 12, 2010 in terms of the Scheme of Amalgamation (the Scheme) approved by RBI vide its order DBOD No. PSBD 2599/16. 01. 056/2010-11 dated August 12, 2010 under sub section (4) of section 44A of the Banking Regulation Act, 1949.The consideration for the amalgamation was 25 equity shares of ICICI Bank of the face value of Rs. 10 each fully paid-up for every 118 equity shares of Rs. 10 each of Bank of Rajasthan. Accordingly, ICICI Bank allotted 31,323,951 equity shares to the shareholders of Bank of Rajasthan on August 26, 2010 and 2,860,170 equity shares, which were earlier kept in abeyance pending civil appeal, on November 25, 2010. During the year, we acquired The Bank of Rajasthan which substantially enhanced our branch network and strengthened our presence in northern and western India.The merger of Bank of Rajasthan added over 450 branches to our network. Including these, our branch network has increased from 1,707 branches at March 31, 2010 to 2,529 branches at March 31, 2011. We also increased our ATM network from 5,219 ATMs at March 31, 2010 to 6,055 ATMs at March 31, 2011. During the year, the integration of Bank of Rajasthan into the Bank was a major exercise which was successfully completed. The integration process focused both on business as well as cultural integration.The people and cultural integration was achieved through well-planned communication of the Bank's values and culture. The Bank reached out to all employees of Bank of Rajasthan and addressed their expectations and concerns. This was achieved through communication from the top management of the Bank, open house sessions join tly conducted by senior managers from Bank of Rajasthan and ICICI Bank and one-on-one sessions wherever required. Further, to align the skill sets of Bank of Rajasthan employees, special training programs were designed and conducted by the Bank.Pursuant to the merger of the Bank of Rajasthan, we also enabled seamless transactions for the customers of Bank of Rajasthan in a short timeframe and combined the ATM and branch networks and technology infrastructure. To enable better customer service, our branch staff has been equipped with a comprehensive and single view of customer relationships. We have also enhanced our Interactive Voice Response system at our call centres to support regional Indian languages. Amalgamation of The Bank of RajasthanOn May 23, 2010, the Board of Directors of ICICI Bank and the Board of Directors of The Bank of Rajasthan Limited (Bank of Rajasthan), an old private sector bank, at their respective meetings approved an all-stock amalgamation of Bank of Rajast han with ICICI Bank at a share exchange ratio of 25 shares of ICICI Bank for 118 shares of Bank of Rajasthan. The shareholders of ICICI Bank and Bank of Rajasthan approved the scheme of amalgamation at their respective extra-ordinary general meetings.RBI approved the scheme of amalgamation with effect from close of business on August 12, 2010. We have issued 31. 3 million shares in August 2010 and 2. 9 million shares in November 2010 to shareholders of Bank of Rajasthan. The total assets of Bank of Rajasthan represented 4. 0% of total assets of ICICI Bank at August 12, 2010. At August 12, 2010, Bank of Rajasthan had total assets of Rs. 155. 96 billion, deposits of Rs. 134. 83 billion, loans of Rs. 65. 28 billion and investments of Rs. 70. 96 billion. It incurred a loss of Rs. 1. 02 billion in fiscal 2010.The results for fiscal 2011 include results of Bank of Rajasthan for the period from August 13, 2010 to March 31, 2011. The assets and liabilities of Bank of Rajasthan have been acc ounted at the values at which they were appearing in the books of Bank of Rajasthan at August 12, 2010 and provisions were made for the difference between the book values appearing in the books of Bank of Rajasthan and the fair value as determined by ICICI Bank. The amalgamation was part of our strategy to expand our branch network with a view to growing our deposit base.We believe that the combination of Bank of Rajasthan's branch franchise with our strong capital base would enhance the ability of the combined entity to capitalise on the growth opportunities in the Indian economy. Total assets increased by 11. 8% from Rs. 3,634. 00 billion at March 31, 2010 to Rs. 4,062. 34 billion at March 31, 2011. Total deposits increased by 11. 7% from Rs. 2,020. 17 billion at March 31, 2010 to Rs. 2,256. 02 billion at March 31, 2011. Current and savings account (CASA) deposits increased by 20. 7% from Rs. 842. 6 billion at March 31, 2010 to Rs. 1,016. 47 billion at March 31, 2011 while term de posits increased marginally from Rs. 1,178. 01 billion at March 31, 2010 to Rs. 1,239. 55 billion at March 31, 2011. The ratio of CASA deposits to total deposits increased from 41. 7% at March 31, 2010 to 45. 1% at March 31, 2011. Total advances increased by 19. 4% from Rs. 1,812. 06 billion at March 31, 2010 to Rs. 2,163. 66 billion at March 31, 2011 primarily due to an increase in domestic corporate loans, overseas corporate loans and loans taken over from Bank of Rajasthan.Net non- performing assets decreased by 37. 0% from Rs. 39. 01 billion at March 31, 2010 to Rs. 24. 58 billion at March 31, 2011 and the net non-performing asset ratio decreased from 1. 9% at March 31, 2010 to 0. 9% at March 31, 2011. We continued to expand our branch network in India. Our branch network in India increased from 1,707 branches and extension counters at March 31, 2010 to 2,529 branches and extension counters at March 31, 2011. We also increased our ATM network from 5,219 ATMs at March 31, 2010 to 6,104 ATMs at March 31, 2011.These include branches and ATMs of Bank of Rajasthan. The total capital adequacy ratio of ICICI Bank on a standalone basis at March 31, 2011 in accordance with the RBI guidelines on Basel II was 19. 5% with a tier I capital adequacy ratio of 13. 2% compared to a total capital adequacy of 19. 4% and tier I capital adequacy of 14. 0% at March 31, 2010 Average advances increased marginally from Rs. 1,915. 39 billion in fiscal 2010 to Rs. 1,926. 52 billion in fiscal 2011 which includes advances taken over from Bank of Rajasthan. Retail advances increased by 5. % from Rs. 790. 62 billion at March 31, 2010 to Rs. 836. 75 billion at March 31, 2011. In US dollar terms, the net advances of overseas branches increased by 22. 8% from US$ 10. 1 billion at March 31, 2010 to US$ 12. 4 billion at March 31, 2011. In rupee terms, the net advances of overseas branches increased by 22. 1% from Rs. 451. 37 billion at March 31, 2010 to Rs. 550. 97 billion at March 31, 2011. Payments to and provisions for employees Employee expenses increased by 46. 3% from Rs. 19. 26 billion in fiscal 2010 to Rs. 28. 17 billion in fiscal 2011.Employee expenses increased primarily due to addition of employees of Bank of Rajasthan, annual increase in salaries and provision for payment of performance bonus and performance- linked retention pay during the period and increase in the employee base, including sales executives, employees on fixed term contracts and interns, from 41,068 employees at March 31, 2010 to 56,969 employees at March 31, 2011 (including employees of Bank of Rajasthan). Tax expense The income tax expense (including wealth tax) increased by 22. 0% from Rs. 13. 20 billion in fiscal 2010 to Rs. 16. 10 billion in fiscal 2011.The effective tax rate of 23. 8% in fiscal 2011 was lower compared to the effective tax rate of 24. 7% in fiscal 2010 primarily due to change in mix of taxable profits with a higher component of exempt income in the current fiscal year and tax benefits from the amalgamation of Bank of Rajasthan. The total assets increased by 11. 8% from Rs. 3,634. 00 billion at March 31, 2010 to Rs. 4,062. 34 billion at March 31, 2011 (including Rs. 155. 96 billion of Bank of Rajasthan at August 12, 2010), primarily due to increase in investments and advances. Investments increased by 11. 4% from Rs. 1,208. 3 billion at March 31, 2010 to Rs. 1,346. 86 billion at March 31, 2011. The net advances increased by 19. 4% from Rs. 1,812. 06 billion at March 31, 2010 to Rs. 2,163. 66 billion at March 31, 2011. Investments Total investments increased by 11. 4% from Rs. 1,208. 93 billion at March 31, 2010 to Rs. 1,346. 86 billion at March 31, 2011 (including Rs. 70. 96 billion of Bank of Rajasthan at August 12, 2010), primarily due to an increase in investment in corporate bonds and debentures by Rs. 125. 1 1 billion, RIDF and other related investments in lieu of shortfall in directed lending requirements by Rs. 49. 0 billion (including Rs. 21. 34 billion of Bank of Rajasthan at August 12, 2010) and investments in commercial paper and certificate of deposits by Rs. 31. 21 billion. The investment in pass- through certificates decreased by Rs. 15. 93 billion at March 31, 2011 compared to March 31, 2010. At March 31, 2011, we had an outstanding net investment of Rs. 28. 31 billion in security receipts issued by asset reconstruction companies in relation to sale of non-performing assets compared to Rs. 33. 94 billion at March 31, 2010. At March 31, 2011, we had a gross portfolio of funded credit derivatives of Rs. 0. 60 billion and non-funded credit derivatives of Rs. 28. 17 billion, which includes Rs. 0. 22 billion as protection bought by us. Advances Net advances increased by 19. 4% from Rs. 1,812. 06 billion at March 31, 2010 to Rs. 2,163. 66 billion at March 31, 2011 primarily due to increase in domestic corporate loans, overseas corporate loans and loans taken over from Bank of Rajasthan amounting to Rs. 65. 28 billi on at August 12, 2010. Net retail advances increased by 5. 8% from Rs. 790. 62 billion at March 31, 2010 to Rs. 836. 75 billion at March 31, 2011.In rupee terms, net advances of overseas branches (including offshore banking unit) increased by 22. 1% from Rs. 451. 37 billion at March 31, 2010 to Rs. 550. 97 billion at March 31, 2011. Fixed and other assets Fixed assets increased by 47. 7% from Rs. 32. 13 billion at March 31, 2010 to Rs. 47. 44 billion at March 31, 2011 (including Rs. 5. 15 billion of Bank of Rajasthan at August 12, 2010) primarily due to part capitalisation of the Bank's new building in Hyderabad and increase in the branch network and other offices. Other assets decreased by 14. 9% from Rs. 192. 15 billion at March 31, 2010 to Rs. 163. 8 billion at March 31, 2011. Total liabilities (including capital and reserves) increased by 11. 8% from Rs. 3,634. 00 billion at March 31, 2010 to Rs. 4,062. 34 billion at March 31, 2011 (including Rs. 155. 96 billion of Bank of Rajas than at August 12, 2010), primarily due to an increase in deposits and borrowings. Deposits increased from Rs. 2,020. 17 billion at March 31, 2010 to Rs. 2,256. 02 billion at March 31, 2011. Deposits Deposits increased by 11. 7% from Rs. 2,020. 17 billion at March 31, 2010 to Rs. 2,256. 02 billion at March 31, 2011 (including Rs. 134. 83 billion of Bank of Rajasthan at August 12, 2010).Term deposits increased from Rs. 1,178. 01 billion at March 31, 2010 to Rs. 1,239. 55 billion at March 31, 2011 (including Rs. 88. 02 billion of Bank of Rajasthan at August 12, 2010), while savings deposits increased from Rs. 532. 18 billion at March 31, 2010 to Rs. 668. 69 billion at March 31, 2011 (including Rs. 34. 48 billion of Bank of Rajasthan at August 12, 2010) and current deposits increased from Rs. 309. 98 billion at March 31, 2010 to Rs. 347. 78 billion at March 31, 2011 (including Rs. 12. 32 billion of Bank of Rajasthan at August 12, 2010). Total deposits at March 31, 2011 formed 67. % of the funding (i. e. deposits and borrowings, other than preference share capital). During fiscal 2010 and fiscal 2011, we focussed on our strategy of increasing the share of current and savings account deposits in total deposits and re-balancing our funding mix. The current and savings account deposits increased from Rs. 842. 16 billion at March 31, 2010 to Rs. 1,016. 47 billion at March 31, 2011 (including Rs. 46. 80 billion of Bank of Rajasthan at August 12, 2010) and the ratio of current and savings account deposits to total deposits increased from 41. 7% at March 31, 2010 to 45. % at March 31, 2011. Total liabilities (including capital and reserves) increased by 11. 8% from Rs. 3,634. 00 billion at March 31, 2010 to Rs. 4,062. 34 billion at March 31, 2011 (including Rs. 155. 96 billion of Bank of Rajasthan at August 12, 2010), primarily due to an increase in deposits and borrowings. Deposits increased from Rs. 2,020. 17 billion at March 31, 2010 to Rs. 2,256. 02 billion at March 31, 2011. Deposits Deposits increased by 11. 7% from Rs. 2,020. 17 billion at March 31, 2010 to Rs. 2,256. 02 billion at March 31, 2011 (including Rs. 134. 83 billion of Bank of Rajasthan at August 12, 2010).Term deposits increased from Rs. 1,178. 01 billion at March 31, 2010 to Rs. 1,239. 55 billion at March 31, 2011 (including Rs. 88. 02 billion of Bank of Rajasthan at August 12, 2010), while savings deposits increased from Rs. 532. 18 billion at March 31, 2010 to Rs. 668. 69 billion at March 31, 2011 (including Rs. 34. 48 billion of Bank of Rajasthan at August 12, 2010) and current deposits increased from Rs. 309. 98 billion at March 31, 2010 to Rs. 347. 78 billion at March 31, 2011 (including Rs. 12. 32 billion of Bank of Rajasthan at August 12, 2010). Total deposits at March 31, 2011 formed 67. % of the funding (i. e. deposits and borrowings, other than preference share capital). During fiscal 2010 and fiscal 2011, we focussed on our strategy of increasing the share of current and savings account deposits in total deposits and re-balancing our funding mix. The current and savings account deposits increased from Rs. 842. 16 billion at March 31, 2010 to Rs. 1,016. 47 billion at March 31, 2011 (including Rs. 46. 80 billion of Bank of Rajasthan at August 12, 2010) and the ratio of current and savings account deposits to total deposits increased from 41. 7% at March 31, 2010 to 45. 1% at March 31, 2011.Equity share capital and reserves Equity share capital and reserves increased from Rs. 516. 18 billion at March 31, 2010 to Rs. 550. 91 billion at March 31, 2011 (including statutory reserve of Rs. 2. 00 billion taken over from Bank of Rajasthan at August 12, 2010) primarily due to allotment of shares to the shareholders of Bank of Rajasthan and annual accretion to reserves out of profit. Excess of paid-up value of equity shares issued over the fair value of the net assets acquired in the amalgamation and amalgamation expenses, amounting to Rs. 2. 10 billion hav e been adjusted against the securities premium account.