4. Learning's:
From this discussion I understood points as mentioned below:
• Experience in related industries helps you to groom in career
progression.
• MD Mr. Govind Shrikhande worked in all related field of apparel
industry including textiles to fabric to trading to retai
• Initially after his MBA starting he started in textiles firm Mafatlal
than worked with Bombay dying.
5. Cont.
• At that time retail industry was not on radar and people were
looking out for some MNC of FMCG market but Mr. Govind
Shrikhande wanted to understand the retail segment an he
switched to Shoppers Stop (Pure Retail Chain) which in tune
provided him with a Hugh exposure to retail market, its needs
and its various components.
• This exposure became enablers to Mr. Govind to accelerate him
to reach to MD position.
6. Cont.
• Further challenges in this industry is being discussed by the
concern as he conveyed that now a days retail industry is facing
a Hugh competition thru digital technology and competition
coming from online market and industry trend.
8. Learnings:
• Esselworld is prak located in Goroi,Mumbai established in 1989.
• Esselworld is largest amusement park located in our country.
• Park is owned by Pan India Paryatan Pvt. Ltd.(PIPPL).
• Initially Mr. Deshpande worked in Medical industry followed by
medical field, Chemical industry, photograph industry and than
in amusement industry.
9. Cont.
• Mr. Deshpande discussed his passion into sales from the
beginning of his career. He also discussed about his career
progression in medical field, Chemical industry, photograph
industry and than in amusement industry.
• The reason for changes various industries, Mr. Deshpande
acknowledged as his interest in sales and discomfort in comfort
zone.
• Further working in Photography industry with ‘Kodak’ Mr.
Deshpande learned Indian market need and how it actually
works.
10. Cont.
• Mr. Deshpande judged the seasonal business dependency in
amusement market accordingly tried to manage the
business/man power and other requisites as per seasonal
business requirement.
• He believe today's youth is capable enough to face challenges.
He also believes that life should come with challenges and we
must be capable of finding its solutions.
12. Learning's:
• Ms. Rubeena Singh discussed her journey of 4 years with “Star”
and CNB C Awaaz.
• She discussed about the days working with “Star” where she
nurtured herself by working with prominent players of the
industry.
• She also conveyed that there is slight difference in working with
entertainment industry and working with news channel however
basics in both are always same.
13. Cont.
• She also conveyed that any one can handle higher responsibility
being honest and giving 100.00% focus towards goals.
• She also defined the difference between launch and re-launch of
a channel.
• To re-launch a channel one has to transcend into various
market/people/products many other things which is again a very
difficult because you have to create your channel’s presence
into the market again.
14. Cont.
• Ms. Rubeena has also discussed about print media where
accuracy of news matters a lot and chances of doing the errors
are nowhere.
• She had also pointed out the presence of digital media and her
career journey of last 15 years.
• She also mentioned that consistent efforts and to better than
before is her Mantra for success which enabled her to reach to
pinnacle.
17. Learning's:
A market is a place where buyer and seller meet to two basis
purposes:
1. To exchange the money
2. To exchange the goods
What is commodity:
Commodity is something which has a commercial value , which can
be consumed and which can be sold or purchase.
18. Cont.
Qualification as a commodity:
1. Shelf Life
2 . Plenty in nature
3. Does not carry a complex manufacturing process
Types of commodity:
1. Agriculture commodity
2. Base Metals
3. Energy: Crude oil, Furnace oil etc.
4. Precious metals
19. Cont.
Types of commodity Markets:
1. OTC/SPOT: Over the counter
2. Forward Market
3. Future Market
Particulars of Market:
1. Hedgers: It Includes Consumers, Traders and Producers
2. Speculators: It includes Brokerage house, Retail investors,
commodity spot trade and institutional proprietary traders
3. Arbitragers: It includes Brokerage house and commodity spot
traders
21. Learning's:
SME Definition: As per RBI a SME is where investment in plant
and machinery is not more than 10crore.SME is more clarified
within below mentioned points:
1. SME Should not be quoted in stock market
2. Should be limited to few people
3. Any group of people who are self employed are also
considered as SME
22. Cont.
Sources of funds are categorized within three heads:
1. Long term sources: period more than 5 years
2. Medium term sources: period more than 3 years but less than
5 years
3. Short term sources: period less than 1 year
23. Cont.
Type of medium term sources of funds:
1. Preference share capital
2. Debentures or bonds
3. Medium term loans from banks,FI’s
4. Public Deposit: Company borrow from public by paying
interest to them
5. Fixed Deposit: Received from banks in the form of corporate
FD for a certain period
25. Learning's:
Basic principal to be discussed within the KYC and AML are:
1. Need for KYC
o Globalization of banking and finance
o Technological advancements
o Payment System
o Face to face banking
2. Objectives of KYC
o Know your customer
o Know his business
o Know his sources of funds
o Know his economic status
26. Cont.
3. Elements of KYC
o Customer acceptance policy
o Customer identification procedure
o Risk management
o Monitoring of flow of funds
4. Anti Money Laundering
o Direct or indirect involvement in process of funds connected
with proceeds of crime
27. Cont.
5. Stages of Anti Money Laundering
o Create check on entry and exit of funds
o Create complex network of transaction to object between entry
and exit of funds
6. Methods of Anti Money Laundering
o Customer identification as per KYC
o Timely Audit
o Staff Training
o Tracking of funds
29. Learning's:
Risk is a potential problem which may or may not occur
Characteristics of risk:
1.Uncertainty
2.Loss
Risk Categorization:
1. Project Risk
2. Technical Risk
3. Business Risk
30. Cont.
Step of risk management:
1. Identification of possible risk
2. Analyzing each risk
3. Ranking of risk probability
4. Developing contingency plan
Risk Projection: We can project the risk by various methods
mentioned below:
1. Establishing a scale of risk
31. Cont.
2. Delineate consequences of risk
3. Estimate impact of risk on project and product
4. Note the overall accuracy of risk projection
An effective strategy for dealing with risk must contain below
mentioned points:
1. Risk mitigation
2. Risk monitoring
3. Risk management and contingency plan
33. Learning's:
Credit monitoring is required to maintain a healthy debt portfolio
which can be understood by adhering to points mentioned
below:
1. Selecting good credit portfolio
2. Should be on going process from the birth of account till
closure of account
Why Credit Monitoring?
1. To build healthy portfolio
2. To avoid NPA’s
3. To avoid staff accountability
4. For better customer database
34. Cont.
How credit monitoring process work: Credit monitoring process
is applied during
1. Pre sanctioning process
o Managerial appraisal
o Scope or viability of business
o Future prospects
35. Cont.
2. During sanction process
o Detailed appraisal
o Detailed sanction terms and conditions containing all
necessary compliances
3. Post sanction process
o Monitoring of end use of funds and conduct of account
37. 1
LIQUIDITY RISK MANAGEMENT IN BANKS
The core activity of any bank is to attain profitability through fund
management i.e. acquisition and deployment of financial
resources.
Liquidity management relates primarily to the dependability of
cash flows, both inflows and outflows and the ability of the bank
to meet maturing liabilities and customer demands for cash
within the basic pricing policy framework
38. Cont.
Liquidity risk management in banks, that relate to these two
situational decisions:
1. Fundamental Approach
o The bank tries to tackle /eliminate the liquidity risk in the long
run by basically controlling its assets-liability position
2. Technical Approach
o Liquidity in the short run is primarily linked to the cash flows
arising due to the operational transactions. Thus, when technical
approach is adopted to eliminate liquidity risk, it is the cash
flows position that needs to be tackled.
39. 2
LOOK FORWARD TO MORE BANKING PRODUCTS
Various banks are tying up with tech start-ups to offer advanced
banking solutions to retail customers.
ICICI Bank Ltd on Tuesday, 19 April, concluded Appathon, a
virtual app development challenge. The bank plans to
incorporate the three winning mobile innovations in its digital
road map.
HDFC Bank Ltd In March had held a digital innovation summit
where the bank shortlisted five financial technology (fintech)
start-ups and is currently working with them on pilot projects
40. Cont.
Kotak Mahindra Bank Ltd, In December 2015, along with
Nasscom, had organised the Kotak Fintech Mobility Hackathon.
The aim behind organising such technology-based competitions
is to find solutions for banking services that can reduce cost and
provide better customer service
41. 3
UNIFIED PAYMENTS INTERFACE WILL BE AS
TRANSFORMATIONAL AS AADHAAR
Unified Payments Interface (UPI), a new process in electronic
funds transfer, inaugurated by Reserve Bank of India Governor
Raghuram Rajan on April 11
Initially, 29 banks are likely to adopt it, and certification is
already in progress for 12 banks. Other banks will join soon.
Brief Benefits:
42. Cont.
o A biller can collect bills from consumers by automating the
collection process on the due date, supplementing thereby the
already existing ECS (debit)/NACH (debit) process.
o Clubs/schools can collect periodic fees. A daughter can now
make a UPI request to her father’s account and the father,
recognising that the request has come from a valid source, can
authorise the transaction or even reject it.
43. 4
WHY CASH IS STILL KING FOR INDIAN CONSUMERS
Payments related technological innovations are changing the
way the Indian consumer pays for her spends. However, cash
remains king.
The concept paper also noted that although transactions have
risen over the year, growth in acceptance infrastructure (ATMs
machines) has not kept pace.
One of the reasons is that the growth in acceptance
infrastructure has not been uniform across the country, with
higher concentration of ATMs and PoS machines in urban areas
and larger towns
44. Cont.
“There is a lack of penetration of PoS(point of sale) machines.
And even if there are machines installed, low-value transactions
are discouraged by the merchants themselves.
45. 5
INTERNATIONAL FINANCE » TYPES OF LETTERS OF
CREDIT
A Letter of Credit (L/C) or documentary credit is an undertaking
issued by a bank, on behalf of the buyer (the importer), to the
seller (exporter), to pay for the goods and services, provided
that the seller presents documents, which comply with the terms
and conditions of the letter of credit.
Letters of credit are classified in to various categories :
o Revocable Letter of Credit
o Irrevocable Letter of Credit
o Confirmed Irrevocable Letter of Credit
o Transferable L/C
46. Cont.
o Revolving Letter of Credit
o Back-to-Back Letter of Credit
o Anticipatory Credit or Red Clause Letter of Credit: Under the Red
Clause Letter of Credit some part payment is made to the beneficiary
before shipment of goods and submission of documents stipulated in
the credit
o Green Clause Letter of Credit: It is an extension of the Red Clause
Letter of Credit in as much as in addition to advance payment
o Deferred Payment Letter of Credit: It is a letter of credit which allows
payment under the L/C in instalment to the beneficiary and each
instalment is covered by a separate Draft
o Standby Letter of Credit
47. 6
ONE MINUTE GUIDE: CONVENIENCE CHARGES
It is either a flat fee or a percentage of the amount that you
spend
If you transact online—be it to book tickets or to pay bills—
chances are that you have paid an extra amount as
convenience fee.
The idea behind convenience fee is to charge for the ‘privilege’
you get of using alternative payment options
48. 7
WHY USING A DIGITAL WALLET IS LIKE LEAVING A
DOOR OPEN
In September almost half of about 900 members of Isaca, an
association of IT professionals and risk managers, said mobile
payments aren't secure.
Along with a handful of well-known companies such as Apple,
Google and Samsung, the mobile payments field has attracted
thousands of thinly capitalized startups. "There's a lot of two
engineers and a goat," s a y s R i c h a r d Crone, chief
executive officer of Crone Consulting, which advises the
industry.
49. Cont.
Mobile app security provider Bluebox found vulnerabilities in all
the roughly 10 unnamed US mobile payment apps it examined
last year. "Most of the time, the apps themselves aren't using
any kind of encryption to protect the data on the phone or to
protect the data in transit," says Andrew Blaich, Bluebox's lead
security analyst.
• The bottom-line: Mobile payments technology is evolving faster
than re gulation, leaving some users exposed to fraud.
50. 8
BANKS, NBFCS TO FINANCE 76,000 MW CLEAN
ENERGY PROJECTS
Public as well as private banks and non-banking finance
companies (NBFCs) have committed for financing renewable
energy projects of 76,352 MW capacity with an outlay of Rs 3.82
lakh crore, Parliament was informed today.
Among public sector banks State Bank of India will be financing
the largest capacities of 15,000 MW capacity with an outlay of
Rs 75,000 crore followed by IDBI bank (3000 MW).
51. 9
TWO BASIC ASPECTS OF FINANCIAL MANAGEMENT
Financial management deals with the study of procuring funds
and its effective and judicious utilization, in terms of the overall
objectives of the firm, and expectations of the providers of
funds. There are two basic aspects of financial management :
1. Procurement of Funds :Collection of funds from different
sources
2. Effective Use of Such Funds: The finance manager is also
responsible for effective utilisation of funds
52. 10
IS A DOLLAR ALWAYS WORTH A DOLLAR?
The value of a dollar changes dramatically, depending on when
you can take control of the dollar and invest it.
Today. With inflation consistently destroying the purchasing
power of a dollar, a year from now a dollar will be worth slightly
less than it is today.
“Inflation” is an economic term used to describe the gradual
tendency of prices to rise over time. If inflation is 2% per year,
which means that prices, on average, will rise 2% over the next
year, which in turn means that your dollar can purchase 2 cents
less in a year than it can today.
53. Cont.
Time value of money principle also applies when comparing the
worth of money to be received in future and the worth of money
to be received in further future.
The tipping point of time value of money is that a dollar in hand
today is more valuable than a dollar in hand in future, because
you could invest that dollar today and earn interest and thus
multiply your financial assets or use it to your requirements.
The more you invest today, the more you’ll have in the future.
