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Outsourcing started way back in the 1700s. Manufacturers started transferring the goods and management of goods to countries with cheaper labor.

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11y ago

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When the rbi started and its functions?

The Reserve Bank of India was started in the year 1935 during the British Rule. RBI is the central bank of India that regulates and supervises the operations of all the banks that operate within India. Any bank that operates inside the borders of the Indian country, have to follow the guidelines laid down by RBI.


Is Icici a schedule bank?

Yes. ICICI is a scheduled commercial bank in India. ICICI Stands for Industrial Credit and Investment Corporation of India. ICICI Bank was started in the year 1994. The bank is the largest private bank in India. It has over 2500 branches and 6500 ATMs across India making it one of the top 4 largest banks in India.


Reserve bank of India was started in which year?

Reserve Bank of India was established on 1st April 1935 through the Reserve Bank of India Act, 1934, when the British Ruled India. It is the central bank of India that governs the operations of all banks in the country. It was created to help reduce the economic troubles in India after the first world war.


Is India a outsourcing country?

Yes, India is one of the top outsourcing countries in the world. Here's why: Skilled Workforce India has a large pool of professionals in fields like IT, finance, accounting, customer service, and mortgage processing. Cost Efficiency Labor costs are significantly lower compared to countries like Australia, the US, or the UK, making it attractive for businesses looking to reduce overhead. English Proficiency India is one of the largest English-speaking countries, which helps in smooth communication with global clients. Time Zone Advantage India's time zone allows for overnight work and quick turnaround for countries like Australia, giving businesses a near 24-hour operational cycle. Strong IT Infrastructure From BPOs to KPOs, India has robust systems in place to handle data securely and efficiently. Common services outsourced to India: Accounting and bookkeeping Mortgage processing Customer service Software development Data entry and back-office support Digital marketing


Why is outsourcing such an attractive way for firms to tap into foreign markets?

what arethe risk of outsourcing