Amazing fortune making opportunities in the World’s Fastest Growing Economy: India
Jul 27, 2018 - Archers Wealth
Hiring records 13% YOY growth in June2018: TimesJobs RecruiteX report
June 2018 recorded 13% growth in hiring activities, as compared to June 2017. In month-on-month analysis, recruitment data recorded subdued activities in general, with FMCG, BFSI, IT/Telecom sectors clocking maximum hiring. Tier II cities recorded highest growth in talent demand. July 9, 2018, New Delhi: Hiring activities have shown 13% growth in a year-on-year comparison, reports TimesJobs RecruiteX June 2018 data. In YoY analysis, the index witnessed an upward swing by 13 points with the index moving from 60 points in June 2017 to 73 points in June 2018. The month-on-month analysis, however, reported subdued hiring in June 2018 as compared to May 2018. Consumer Durables/FMCG sector (up by 11 points as compared to May 2018) posted most jobs in June 2018, followed by BFSI, IT/Telecom, Healthcare and Automobiles sectors subsequently. The TimesJobs RecruiteX June 2018 report has also revealed that Sales/Business Development roles were most sought after. Talent demand was also high for IT/Telecom and Customer Services/Tele-calling profiles respectively. This indicates that organisations in these sectors are ramping up the respective workforce steams. "June 2018 has been marked with encouraging news and announcements of business expansion, especially in the FMCG sector. The RecruiteX data for June 2018 points that FMCG had most jobs in this time and Sales/Business Development roles were most sought after. This clearly reflects that there is a positive sentiment in the economy and organisations are aiming for business growth. FMCG is a major contributor to economy and hopefully, this momentum will continue for some more time," said Ramathreya Krishnamurthy, Business Head, TimesJobs and TechGig. Among cities, just like May 2018, June 2018 also recorded most hiring activities in Tier II cities. Jaipur, Vadodara and Hyderabad recorded significant jobs and career opportunities. Mumbai and Delhi-NCR were among the top ten hiring cities. When comparing experience levels, most jobs were available for people with work experience level of less than 2 years. A similar trend was witnessed in May 2018 as well. Professionals with more than 20 years of experience were also in strong demand. Who is hiring in India >> · Consumer Durables/FMCG · BFSI · IT/Telecom Which job roles are in demand >> · Sales/Business Development · IT/Telecom · Customer Service/ Tele Calling Which cities are hiring >> · Jaipur · Vadodara · Hyderabad Complete report is available at https://bit.ly/2L3UIQB
Jul 9, 2018 - TimesJobs
CRISIL partners IIM Calcutta, TSW for its CCAP course
Two-year work-cum-study programme for graduate professionals April 26th, 2018 | Mumbai: CRISIL has signed a memorandum of understanding with the Indian Institute of Management Calcutta (IIMC) and The Second Wind (TSW), an initiative by Times Professional Learning, for its CRISIL Certified Analyst Programme (CCAP). Beginning, July 2018, CRISIL will be launching the 12th CCAP programme batch, this time with IIM Calcutta as the academic partner. The two-year work-cum-study programme is aimed at developing world-class finance professionals with deep analytical skills for CRISIL and industry at large. Its unique format combines 450 hours of learning (academic inputs), work assignments on live projects with classroom learning and interactive workshops, providing participants with exceptional financial and business skills, and making them organisation-ready. Selected candidates would be offered full-time employment at CRISIL and, upon completion of the programme, awarded a Post Graduate Certificate in Financial Analysis (PGCFA) from IIM Calcutta. "CCAP is our endeavour to provide holistic learning and work experience, and thorough grounding to young professionals, which will enable them to become world-class analysts," said Ashu Suyash, Managing Director & CEO, CRISIL. "The course offers them a unique platform for career growth through two years of intensive classroom coaching even as they work to solve real business problems. It's our privilege to have IIM Calcutta and TSW on board - they will add immense value to the course." Keeping in mind the skill gap problem faced in India, Ashok Banerjee, Programme Director, IIM Calcutta said, "We are extremely happy to be a part of this unique initiative along with CRISIL and TSW. The programme is specially crafted to provide a detailed understanding on the overall financial sector that majorly includes banking, economics and other financial markets which prepares participants with stronger foundation for their future." In all, 50 candidates will be selected through a stringent screening process. Accepted associates would study at the high-tech Learning Centres of TSW across India. Upon successful completion of the course, they will get absorbed in CRISIL as management trainees on very competitive terms. Said Anish Srikrishna, President, Times Professional Learning, "We at Times Professional Learning have always emphasized the importance of industry-academia confluence to shape relevant top talent. TSW, our executive education program, epitomises this philosophy with the CCAP programme that brings together the prestigious IIM Calcutta with CRISIL, one of India's premier employers in the financial services space. CCAP will help participants develop in-depth understanding of the financial services industry. The learnings and the growth path of the participants will be closely monitored to ensure each individual is able to grasp the contents of the course, in order to facilitate career progression." COURSE DETAILS: Post-Graduate Certificate in Financial Analysis (leading to CCAP) · Designed for graduates desirous of a meaningful career in the financial services industry · Opportunity to work for CRISIL, the leading, agile and innovative global analytics company, and learn from the best analysts in the business Eligibility criteria · Graduates with up to 2 years' work experience, keen to pursue a career in finance and credit analytics · Professionals looking for hands-on experience and deep understanding of data, research and financial analytics Admission process · Eligible candidates will have to take an online aptitude test and will be shortlisted based on their scores · Shortlisted candidates will be called for group discussion and personal interview For more details visit https://timestsw.com/CCAP or call 7400097486
Apr 26, 2018 - TSW
Rana Kapoor felicitated with 'India Talent Management Award 2018'
Recently a popular business news TV channel felicitated the persistent efforts of Rana Kapoor, MD & CEO, YES BANK towards fostering an entrepreneurial spirit and best practices at one of India's fastest growing banks. The 'India Talent Management Award' recognized the innovative strategy of the Bank to enhance the capability, capacity and confidence of the employees - to put them a step ahead in tomorrow's workplace and economy. The visionary leader strongly believes in empowering young Talent and as a CEO, he likes to play the role of Chief Mentor for bright young talent, handpicked to take up challenges and transform into future leaders. "Our comprehensive 'Leadership Development' approach ensures that there is suitable, customised intervention to massively multiply Leadership Capability and Capacity among the identified employees." he said on receiving the honor. For the workforce to succeed in these times of automation and digitization, he believes that there are three key elements crucial for success: i. A mindset to understand evolving customer needs and design near perfect products and services to match customer expectations ii. Continuously research on latest technology elements in different spheres and evaluate applicability to solve our customer's needs iii. Most importantly, having a framework to take these service innovations to the last mile The Bank has been among the first to institutionalize innovative Talent acquisition and retention programs across experience levels, with flagship initiatives such as Y-PEP (YES-PROFESSIONAL ENTREPRENEURSHIP PROGRAM). This programs aims at hiring management professionals directly from premier B-Schools in India and select foreign Universities. It continues to harness the power of today's youth with initiatives such as YES Transformation Series, a case study challenge offering students an opportunity to work on real-life challenges faced by the financial sector. The initiative was recently ranked as the 2nd best B-school challenge by Dare2Compete. Putting an emphasis on the need for sincere and honest communication, the CEO says that it is a trait which is often overlooked or at times leaders tend to over communicate. "You have to have a very high emotional quotient at your enterprise. This will make you realize that you can transform and build fantastic organizations." he adds.
Apr 13, 2018 - YES Bank
RANA KAPOOR FELICITATED WITH OUTSTANDING BRAND BUILDER AWARD BY AAAI
Mr. Rana Kapoor, MD & CEO, YES BANK, India's 4th largest private sector Bank was recognized by Advertising Agencies Association of India (AAAI) as an Outstanding Contributor to the Media and Communication Industry and Indian Brand Builder at the13th edition of Goafest 2018. AAAI felicitated Mr. Kapoor with the award for pioneering banking & financing solutions to the Media and Communications Industry. Under his visionary leadership, YES BANK's Media and Entertainment banking knowledge vertical, through its in-depth understanding of the industry and partnerships has helped to further corporatize the Indian Film, Media, Entertainment and Communications industry. Speaking on this recognition, Mr. Rana Kapoor, Managing Director and CEO, YES BANK, said, "It is a great honor to receive this prestigious recognition from AAAI. YES BANK is proud to have been a pillar of support to the Media & Entertainment (M&E) industry in India, since our inception. We remain committed to providing innovative financing solutions to this key sunrise sector by leveraging our differentiated Knowledge Banking philosophy. " Nakul Chopra, President of the Advertising Agencies Association of India said, "Mr. Rana Kapoor is truly a home grown Professional Entrepreneur & brand builder who has created YES BANK - an Indian brand of global stature. The Media and Communication industry in India has been fortunate to have the unstinted support of Mr. Rana Kapoor and YES BANK over the last 15 years, including for landmark projects such as the formation of BARC. The AAAI is privileged to recognize Mr. Kapoor with this Special Felicitation conferred at the Abby Awards at Goafest 2018." Goafest is the annual advertising festival hosted by AAAI and the Advertising Club for the advertising industry to engage, network and celebrate the exceptional creative work done through the year.
Apr 12, 2018 - YES Bank
Reap the harvest of your hard work by getting a new car
Gudi Padva which is celebrated by Maharashtrian Hindus in spring is a harvest festival that signifies the reaping of Rabi crops sown in winter as well as the time to sow a new harvest. One can interpret this as the reaping of fruits of one's hard work as well as the preparation for the next cycle of labour. Let us look back on the years gone by. We have to invest energy, time and passion in our work to generate credibility. However, how many of us realize that our families has also stood by us and put in tremendous vigour. Is it fair to ferry them around in a scooter or a bike on the treacherous roads and dangerous traffic of our cities and towns? Buying a car on the occasion of Gudi Padva would not only safeguard your family while all of you are travelling but also signify a suitable reward for all your efforts. And there are some practical reasons to buy your automobile during Gudi Padva too: Instant Eligibility: Being the festive season, it is imperative that you have knowledge of your eligibility amounts on the go when you scouting for your favourite car. YES BANK today offers in-principle approval in 60 seconds with YES mPOWER, first of its kind chat based eligibility BOT Low interest rates: Gudi Padva season is not only critical for automobile dealers but also for financial institutions. This results in delicious discounts being offered for a limited period of time. Therefore it makes sense to take advantage of attractive finance rates which will ensure that you end up paying lower EMIs. Exchange offers: Certain automobile companies have exchange offers according to which you can exchange your incumbent car for a new one. This can result in savings of upto a lakh on purchase of the new vehicle. However, this depends from brand to brand and one would be well advised to do some research before deciding to exchange. Deals and discounts: A variety of deals and discounts will be offered by dealers during this time. Even though sales of top automobile companies have picked up in 2017-18, dealers would be looking to end the year on a good note. Therefore one can expect deals across models and variants which you wouldn't find otherwise throughout the year. You can also expect free insurance, lower AMC costs, cash discounts and gift cheques Dealers are looking to close: Gudi Padva sales numbers are as important as sales numbers recorded during Diwali. This would mean that sales executives of both dealers as well as financial institutions which are looking to lend would be having steep targets as well as robust incentives on achieving these targets. This would mean that they are looking to close. A serious buyer can not only negotiate hard to get some extra accessories but also on the interest rates being offered to save up on EMI. To help you make the best of this year's Gudi Padva, you can depend on your very own YES BANK for financial assistance. We offer faster processing, service guarantee and easy documentation. We offer loans right from Rs 1 lakh to Rs 5 crore for your auto loan needs. We can even offer favourable tenure so that your EMI is reduced. To know more, get in touch with us at our nearest branch or you can click here
Mar 20, 2018 - YES Bank
इंडसइंड बैंक का मुनाफा 29% बढ़कर 751 करोड़
इंडसइंड बैंक का मुनाफा दिसंबर क्वॉर्टर में 29 पर्सेंट बढ़ा है। इसकी लोन ग्रोथ मजबूत रही और अदर इनकम में बढ़िया बढ़ोतरी हुई। वहीं, नोटबंदी के चलते बैंक में काफी डिपॉजिट आया, जिससे उसकी लागत कम हुई। नोटबंदी से बैंक को कोई नुकसान नहीं हुआ। उसका मुनाफा दिसंबर तिमाही में बढ़कर 751 करोड़ हो गया। 9 एनालिस्टों के ब्लूमबर्ग पोल में बैंक का मुनाफा 725 करोड़ रहने की उम्मीद जताई गई थी। नोटबंदी का लोन पर असर: बैंक की लोन ग्रोथ 25 पर्सेंट बढ़ी है, जो बैंकिंग इंडस्ट्री की मौजूदा 5.1 पर्सेंट की एवरेज ग्रोथ का पांच गुना है। बैंक की कॉरपोरेट लोन ग्रोथ 25 पर्सेंट रही, जबकि व्हीकल लोन में 21 पर्सेंट की बढ़ोतरी हुई। इससे पता चलता है कि नोटबंदी का लोन की मांग पर असर नहीं पड़ा है। डिपॉजिट कॉस्ट कम हुई: नोटबंदी के चलते बैंक के पास 11,400 करोड़ का डिपॉजिट आया, जिससे उसकी फंड कॉस्ट में 0.2 पर्सेंट की कमी हुई। बैंक का नेट इंटरेस्ट मार्जिन 4 पर्सेंट पर बना रहा। नए ग्राहक बढ़े: इंडसइंड ने दिसंबर क्वॉर्टर में 1.33 लाख नए ग्राहक जोड़े, जिनकी संख्या सामान्य तौर पर 75,000-80,000 रहती है। बैंक के ग्राहकों ने क्रेडिट और डेबिट कार्ड का इस्तेमाल भी बढ़ाया है क्योंकि नोटबंदी के बाद कैश की कमी हो गई है। बैंक के डेबिट कार्ड से खर्च में चार गुना इजाफा हुआ है, जबकि मोबाइल बैंकिंग में साढ़े तीन गुना की बढ़ोतरी हुई। क्रेडिट कॉस्ट और रीपेमेंट: इस फाइनेंशियल ईयर के पहले 9 महीनों में बैंक की क्रेडिट कॉस्ट उसकी लोन बुक की 0.44 पर्सेंट रही। बैंक ने इसके 0.60 पर्सेंट से कम रहने का अनुमान दिया था। उसका नेट एनपीए 0.39 पर्सेंट के साथ स्टेबल बना हुआ है। दिसंबर तिमाही में जहां लोन डिफॉल्ट की आशंका थी, उसके उलट इंडसइंड के कई बकाएदारों ने तेजी से कर्ज चुकाया। इन लोगों ने पुरानी करेंसी से छुटकारा पाने के लिए ऐसा किया। यह भी बैंक के हक में रहा।
Mar 5, 2018 - Brandwire
2018 में भी एनपीए के सफाई अभियान में लगा रहेगा रिजर्व बैंक
भारतीय रिजर्व बैंक (RBI) के लिए 2018 समाप्त हो रहे साल 2017 तरह ही रह सकता है। केंद्रीय बैंक को नए साल में भी नीतिगत दरें और कम करने की मांग करने वालों का शोर सुनाई देता रहेगा। आरबीआई को मुद्रास्फीति काबू में रखने के लिए बराबर सतर्क रहना होगा और यह आलोचना आगे भी झेलनी पड़ती रहेगी कि केंद्रीय बैंक आर्थिक वृद्धि की जरूरत के लिए कुछ नहीं कर रहा। इनके अलावा बैंकिंग क्षेत्र का एनपीए अभी भी बहुत अधिक रहने की वजह से उसे 2018 में भी इसकी सफाई के अभियान में जुटे रहना होगा। दूसरे शब्दों में कहे तो भारतीय रिजर्व बैंक को लोकोक्तियों का उल्लू बने रहना चाहिए- जैसा कि आरबीआई के वर्तमान गवर्नर उर्जित पटेल ने कुछ साल पहले कहा था जब वह एक डेप्युटी-गवर्नर थे। उन्होंने कहा था, 'उल्लू पारंपरिक रूप से बुद्धि का प्रतीक है, इस लिए हम न तो कबूतर (न ही बाज) बल्कि हम उल्लू हैं और जब दूसरे लोग आराम कर रहे होते हैं तो हम चौकीदारी रहे होते हैं।' देश के बैंकिंग क्षेत्र में सकल गैर-निष्पादित परिसंपत्ति (एनपीए) यानी वसूल नहीं हो रहे कर्ज का अनुपात सितंबर तिमाही में 10.2 प्रतिशत बढ़कर खतरे के स्तर पर पहुंच गया और अगले साल इसी तिमाही में इसके बढ़कर 11 प्रतिशत होने की उम्मीद है। समाधान के नए उपकरणों विशेषकर कर्ज शोधन एवं दिवालिया संहिता को अभी तक सीमित सफलता मिली है और इसे आगे बढ़ाने के लिए अधिक ध्यान देने की जरूरत है। आरबीआई उन 40 बड़े खातों पर ध्यान केंद्रित करेगा जो 10,000 अरब रुपये के सकल एनपीए के 40 प्रतिशत के लिए जिम्मेदार माना गया है। एनपीए के विरुद्ध कार्रवाई में केंद्रीय बैंक को फिलहाल जिंदल स्टील ऐंड पावर और विडियोकॉन इंडस्ट्रीज जैसे प्रमुख कर्ज खातों को लेकर बैंकों से विवाद का सामना करना पड़ेगा। बैंक इन कंपनियों को दिए गए कर्ज को मानकों पर एनपीए नहीं बल्कि ठीक-ठाक खाता मानने पर जोर दे रहे हैं। मुद्रास्फीति को साधने में आरबीआई और उसके तहत गठित मौद्रिक नीति समिति (एमपीसी) के लिए यह साल मिश्रित परिणाम भरा रहा। समिति का यह पहला साल है।। 2017 में प्रमुख रीपो दर दो बार 0.25 प्रतिशत घटाई गई, जिसके चलते यह 6 साल के निचले स्तर 6 प्रतिशत पर आ गई। हालांकि आखिरी तिमाही में मुद्रास्फीति तेजी से बढ़ी और मार्च 2018 तक इसके चार प्रतिशत से ऊपर जाने की आशंका है। आरबीआई ने सकल घरेलू वर्धित (जीवीए) की वृद्धि दर के लक्ष्य को पूरे साल के लिए 7.4 प्रतिशत से घटाकर 6.7 प्रतिशत कर दिया है और आगामी मार्च तिमाही में इसके सुधरकर 7.5 प्रतिशत होने की उम्मीद जताई गई थी। एनपीए की मार जूझ रहे बैंकों को मजूबत करने के लिए सरकार ने सार्वजनिक बैंकों के लिए 2.11 लाख करोड़ के रीकैपिटलाइजेशन कार्यक्रम की घोषणा की थी और इसके लिए वह आरबीआई के साथ काम कर रही है। इसके अलावा राजकोषीय घाटा दूसरा क्षेत्र है, जिस पर ध्यान दिया जाना जरूरी है। देश का राजकोषीय घाटा 8 महीने में तय अनुमान से आगे निकल गया है। नवंबर महीने में राजकोषीय घाटा पूरे साल के अनुमान से आगे निकलकर 112 प्रतिशत हो गया है।
Feb 26, 2018 - Brandwire
DDA स्कीम: आसान नहीं है बैंक लोन की राह
डीडीए हाउसिंग स्कीम में आशियाने का सपना देख रहे लोगों को इस बार बैंक लोन मिलना मुश्किल लग रहा है। अभी तक तय आठ बैंकों में से किसी ने भी इस स्कीम में फाइनैंस या लोन की शर्तों की औपचारिक घोषणा नहीं की है। स्कीम की घोषणा हुए 11 दिन से ज्यादा हो चुके हैं लेकिन डीडीए हाउसिंग स्कीम में रजिस्ट्रेशन कराने वालों की संख्या उम्मीद के अनुरूप नहीं बढ़ रही है। बैंकों का कहना है कि स्कीम में पैसे जब्त होने की शर्त की वजह से खतरा अधिक है। इसी वजह से बैंक जोखिम लेना नहीं चाह रहे। सेंट्रल बैंक के एक अधिकारी ने कहा कि ऐप्लिकेशन मनी के 25 पर्सेंट से 100 पर्सेंट तक जब्त करने की वजह से हम रिस्क लेने से बच रहे हैं। हमारे जो पुराने कस्टमर हैं, उन्हें ही हम लोन देंगे। अन्य आवेदनों में इनकम टैक्स रिटर्न (आईटीआर) देखने के बाद पूरी जांच की जाएगी। पिछले साल तक हम लगभग हर कस्टमर को लोन दे देते थे। 8 बैंकों से फाइनैंस डीडीए स्कीम का नोडल बैंक IDBI को बनाया गया है, लेकिन यह सिर्फ फॉर्म बेचने और जमा करने के लिए है। डीडीए स्कीम से ये बैंक जुड़े हैं- एसबीआई सेंट्रल बैंक IDBI एक्सिस बैंक ICICI HDFC बैंक यस बैंक कोटक महिंद्रा बैंक अपने ग्राहको को तवज्जो स्टेट बैंक के एक अधिकारी ने बताया कि हम इस स्कीम के लिए प्रॉपर्टी लोन नहीं देंगे। जिनके सैलरी अकाउंट छह महीने पुराने हैं, उन्हें बेशक कुछ शर्तों पर लोन मिल सकता है। IDBI बैंक ने कहा कि हमारी प्राथमिकता मौजूदा ग्राहक ही रहेंगे।
Feb 22, 2018 - Brandwire
एनबीएफसी कस्टमर्स के लिए लोकपाल लाएगा आरबीआई
नई दिल्ली रिजर्व बैंक ने गैर-बैंकिग वित्तीय कंपनियों (NBFCs) के कस्टमरों के लिए लोकपाल जैसा मेकेनिजम शुरू करने का ऐलान किया, जो इस महीने के आखिर तक वजूद में आ जाएगा। इससे इन वित्तीय कंपनियों से कर्ज लेने वालों को अगर कोई शिकायत है, तो वे सीधे अपने लोकपाल का दरवाजा खटखटा सकेंगे और इस तरह इनकी शिकायतों का जल्द निपटारा हो सकेगा। शुरू में इस योजना को सभी जमा स्वीकार करने वाले एनबीएफसी के लिए लागू किया जाएगा। वहीं, आरबीआई ने लगातार तीसरी मॉनिटरी पॉलिसी में अहम दरों में बदलाव नहीं किया। ऐसे में आपके नए लोन की ईएमआई तो कम नहीं होने जा रही। लेकिन जिन्होंने 1 अप्रैल 2016 से पहले कर्ज ले रखा है। उनके बेस रेट पर आधारित लोन को मार्जिनल कॉस्ट ऑफ फंड लेंडिंग रेट (एमसीएलआर) से जोड़ा जाएगा। इससे इनके लोन सस्ते होने के आसार हैं। ऐसे में रीपो रेट कम होने के फायदा इन्हें तुरंत मिलेगा। आरबीआई गवर्नर उर्जित पटेल ने कहा कि बैंक से कर्ज लेने वालों को ज्यादा फायदा मिले, इसके लिए 31 मार्च तक बैंक सभी कर्ज को एमसीएलआर से जोड़ने का काम पूरा करेंगे। लोन को एमसीएलआर से लिंक करने का फॉर्म्युला 1 अप्रैल 2016 से लागू हुआ था। मगर इससे पहले के लोन को बेस रेट से लिंक रखा गया था। हालांकि बैंकों ने प्रोसेसिंग चार्ज वसूलकर बेस रेट पर आधारित लोन को एमसीएलआर से जोड़ने की सुविधा दे रखी है। बैंक एक्सपर्ट एस. सी. चावला के मुताबिक, इस वक्त बैंकों के बेस रेट और एमसीएलआर रेट में लगभग एक फीसदी का अंतर है। जैसे ही लोन बेस रेट से हटकर एमसीएलआर से लिंक होगा तो बैंकों के लिए लोन की मार्जिनल कॉस्ट कम हो जाएगी, जिसका फायदा वे ग्राहकों को दे सकेंगे। RBI ने चेताया है कि अगले वित्त वर्ष में इन्फ्लेशन बढ़कर 5.6 पर्सेंट तक जा सकता है। महंगाई दर के अनुसार ही आरबीआई नीतिगत दरों पर फैसला लेगा।
Feb 19, 2018 - Brandwire
Digital & regulatory evolutions have transformed the lending landscape
Lending an impetus to financial inclusion A recent report by BCG indicates that over the next five years, digital lending is an unmissable 1 trillion-dollar opportunity. This has been spurred on by lending undergoing a massive transformation, especially in developing economies that are likely to become data rich before being economically rich. India has been leading the charge in this transformation with its government initiatives like Aadhaar, Bharat Bill Payment System, India Stack, GSTN, and consent architecture to create a data-rich footprint for citizens and reducing the operational cost for provisioning financial products. Furthermore, it has been projected that the APAC region's middle class will span more than 3.5 people. Concurrently, this will create a demand growth 1000 times larger than that of the industrial era, which will result in strong and sustained economic growth in these regions. Reimagining legacy systems In the history of lending, the lower middle-class population was always considered less creditworthy by lenders due to lack of data or credibility for majority of potential customers. This was primarily due to knowledge asymmetry and the presence of legacy systems in the market. Banks and NBFCs will need to move towards high volume, low value transactions to cater to massive new demand and stay relevant in the market. They will need to enable data-driven decisions, which cannot be orchestrated on physical mediums due to massive cost & time incurred. The current legacy systems used by lending institutions also fail to achieve processing efficiencies due to lack of transparency and absence of data in a structured format. Lending institutions using legacy systems will need to completely redesign every aspect of their business and technology stack to power this change. Unfortunately, with the rise of emerging fintechs, banks and NBFCs have limited time to accelerate their businesses. Lending institutions that can't support digital and algorithm-driven lending in this changing landscape are mostly going to become obsolete. How can banks and NBFCs change the game? Banks and NBFCs need a new-age lending system that is agile, scalable and secure. A new age lending system can provide them with the flexibility to customize and personalize loan products tailored to the specific needs of a wide range of customers, leveraging their (customers') digital footprints to enhance credit decisioning. Kuliza's flagship lending product, Lend.In, combines Digital Origination Suite comprising of Omnichannel Workflow Manager, Digital Experience Manager, Credit Engine and Integration broker with its Operational Intelligence Suite comprising of Cognitive Data Hub, Early Warning Systems, Lending Analytics etc. to provide end-to-end lending solutions to automate any given business process while having a significant impact on both top-line and bottom line of enterprises. Lend.in enables banks and NBFCs to achieve the following: • Build the entire loan journey in a matter of days. • Define the workflow parameters with ZERO knowledge of coding, saving loads of effort. • Omnichannel origination and interaction integrated across mediums. • 70+ pre-integrations to enable straight-through processing of loans and also accelerating speed to market. • Data-driven AI-powered Early Warning Systems & Credit Decisioning. Lend.In will act as a catalyst for lending institutions enable digital and data driven lending, and in the process prepare them to be the market leaders in the future. To learn more about Kuliza's flagship product Lend.In, visit www.getlend.in and for more information about Kuliza, visit www.kuliza.com
Aug 20, 2018 - ET Edge
Amazing fortune making opportunities in the World’s Fastest Growing Economy: India
You don't have to be an economic pundit or anything at all to understand that India is set for an explosive growth. Several prominent and underlying events are on the verge of major developments that will trigger an impressive mind-boggling growth. However, only those who sow seeds now will make hay when the stock market shines- creating an enormous fortune. In my last Economic Times article, it was covered, how I discovered an elegant profit-making system that earned me 437%, 356%, 226%, jump in the stock prices even during the recession. Well, now when India is the fastest growing economy in the world, you won't have to take my words to believe that Indian stock market is waiting to hand you the bucket of profits. The only catch is your ability to pick up winning stocks. Are you ready to take maximum advantage of India's 70 years of rebounding economy? Just consider some of these following reports. The international monetary fund reaffirmed that India is the fastest growing economy with a growth rate of 7.6% which will rise to 8-9% in 2019-2020 Now that India is recovering from the effects of demonetization and GST, the Asia Pacific and regional outlook report says, this recovery is going to put India again at the top of its game. And as the economic projections are on target, research says, India is going to reach 6-7 trillion $ economy or more in the next 7 to 10 years. You see, it took 70 years for India to reach 2.7 trillion dollar economy. Now the same amount of wealth will be made in just 7 to 10 years. That's quite astonishing. Other countries like China doubled its economy in 5 years; the US took 10 years to rise from 2.5 trillion to 5 trillion. Your chance to get the Best of both the world - Rapid growth and high margin of safety Sources: New World Wealth Today India is the sixth wealthiest country in the world with a total wealth of $8,230 billion, while the US is the richest nation globally, says a report. It is also reported by 2025, India will overtake Germany and the UK to become the 4th largest wealth market worldwide. The question is, in this upward shift that virtually guarantees soaring profits, how much you will be able to grab and keep in your pocket. Naturally, if you pick up a few megatrends which are about to shape up in the next 5 to 7 years and invest wisely, you'll definitely cash in dramatic profits. Top wealth producing factors in India that can double, triple and quadruple your own growth India is the second most populated country in the world with more than 50% of its population below the age of 25 and more than 65% below the age of 35. This means an enormous workforce, consumption capacity, and demand. World Bank's latest "Doing Business Report 2018" suggests that for the first time ever India has jumped 30 positions to become the top 100th country in terms of ease of doing business. Foreign Direct Investment (FDI) in India increased by 4859 USD Million in April of 2018. FDI in India averaged 1308.71 USD Million from 1995 until 2018. There's an exponential all-time rise in many of the sectors. For instance; Most of Major Rating agencies have forecast domestic tractor industry to touch an all-time high sale in FY-18. The Indian automobile industry registered record sales last fiscal across passenger and commercial vehicles and two-wheeler segments. Commercial Vehicles segment grew by 19.94 percent in April-March 2018. Retail sector attracted Rs 9.5 billion investments in FY18, at a growth rate of 35 percent. The Fast Moving Consumer Goods (FMCG) sector in rural (accounts for 40 %FMCG markets in India) and semi-urban India is estimated to cross US$ 100 billion by 2025. Ranked third in the world in volume, the pharmaceutical sector is expected to grow at 15% every year. India has the largest growing electronics market in the world and is expected to grow to 41%CAGR from 2017-2020. is expected to grow by 15% every year. India has the largest growing electronics market in the world and is expected to grow to 41%CAGR from 2017-2020. Plus fast penetration of e-commerce, mobile, air conditioners and more in rural and semi-urban areas. I could go on and on and on. The point I am trying to make is, very shortly, India will see a cumulative effect of all these factors, shooting the growth curve almost straight up. But of course, people who start to invest today are going to experience growth by a tremendous margin. Best part there are so many current stocks including new undisclosed and out of favor stock which is on the verge of impressive growth. This simple secret can be your key to massive wealth India has over 51 million small and medium businesses in different sectors. These small businesses and sectors go big, like IT. Dozens of these small companies are on the verge of huge profit bonanza and have passed my tough fundamental screens with flying colors. Considering this, investing in these small companies that are expected to soar high will produce spectacular returns for you. And for many of these companies, the time is ripe. However, if you are offshore don't limit yourself opting for just 15-20 large companies, massive gains lies in onshore investment. Restore your long-term financial security and abundant retirement Structural reforms, exploding number of entrepreneurs, technological innovations, a rise in financial savings, good educational system, a vibrant informal sector, over 600 million young population and ever-rising consumption capacity has collectively turned India into one of the largest growth engines in the world. With a conservative 100-300% rise in many of the sectors I will not be surprised if post-2020, India will enjoy a double digits growth. In the next 5-7 years, many Stocks will explode in value. And today many of those stocks are selling at a significant discount to its true value. So it's absolutely crucial that you act now, there's no time to dilly-dally. You're going to have to move decisively. Many savvy investors have shifted their investments on shore as they realized that these stocks are not going to wait around. I see an utterly predictable, virtually unstoppable and absolute massive trend in front of me and I am sure anyone who picks up these trends will be filthy rich. Viidyes is MD and CEO at Archers Wealth Management Pvt. Ltd. (www.archerswealth.com). He is certified in financial market from the National Stock Exchange. In the last 12 years, Viidyes has engineered a system that has consistently yielded him Trading / Investment returns, earning him a small fortune. Recently Viidyes represented India in World Wealth Conference held at Singapore https://www.youtube.com/watch?v=DjlMg1zB4jo email@example.com to share his views on global and Indian economics.
Jul 27, 2018 - Archers Wealth
India poised to be worth $10 trillion in next 15 years - Suresh Prabhu
"India is poised to be worth up to $10 trillion in the next 15 years" - Suresh Prabhu Suresh Prabhu, Minister of Commerce & Industry and Civil Aviation of India struck a bullish note at The Economic Times Supply Chain Management & Logistics Summit 2018 as he outlined the challenges and imperatives for the next stage of the India growth story Often spoken of as the backbone of the economy, India's supply chain ecosystem is on the cusp of a wave of transformative growth thanks to a raft of regulatory and policy reforms that have been laid out. India thus stands at an inflection point in its history, with its logistics sector expected to reach a valuation of over $2 billion USD by 2019, and given the large potential that this sector has, there arises a need to understand challenges faced by the sector and the hurdles on the path to progress. The fifth edition of The Economic Times Supply Chain Management & Logistics Summit 2017 saw Suresh Prabhu, Minister of Commerce & Industry and Civil Aviation of India, elucidate on steps taken by the government to give a fillip to the Supply Chain domain across the spectrum. Speaking at the event, he said, "Our economy is poised to grow up to $5 trillion in the next 7-8 years, and up to $10 trillion in the next 15 years. Logistics will play a key role in driving this growth, it has always been the backbone of the economy; it determines how fast an economy grows. So we are working on an economic plan to create logistic hubs and see how to more efficiently manage logistics. We are identifying hindrances and removing them. At the same time, we are trying to digitalise the entire supply chain. The idea is to prepare a proper integrated logistics plan." Ease of trade and doing business forms the fulcrum of the government's proposals to increase India's trade competitiveness, and this has direct relevance to the 'Make in India' campaign. There is thus a massive opportunity for the logistics industry to embark on a journey of transformative growth. Moreover, with implementation of policies such as GST and the investments being made into various aspects of logistics like physical infrastructure and technology, there lies a significant scope to create efficiency gains that can translate into better outcomes for all across business and society.
Jun 8, 2018 - ET Edge
Send money to India right to your neighbourhood kirana store
One afternoon, Abidah Shaikh walks into a money transfer shop that is wedged between pharmacies and grocers on a commercial street in Bhindi Bazar. She picks up the equivalent of 600 UAE Dirhams sent by her husband working as a personal support worker in Abu Dhabi. The amount is slightly hefty considering Ramadan is in the offing. Carrying her 10-month-old daughter in her arms, she says, 'I have nothing but my two kids and this money helps us eat and send our children to school.' Families are very important to Indian expatriates across the globe and the desire to be with them become even more pronounced during festive events. However, for those who are not able to travel back home, the occasion times perfect for sending money to their relatives and friends. India hosting the world's third-largest Muslim population witnesses a typical surge in remittances especially during the month of Ramadan. Again, India being a 'receive-only' country, the transaction is highly influenced by how close the recipient finds the access point. With more than 80 percent market share in International & Domestic remittance industry, EbixCash has established the largest Money Transfer provider in India. Over the last 10 years, the company has earned its customers' dependability and trustworthiness by respectfully handling their hard earned money through a robust network of 260,000 physical touch points across 5000+ cities, towns and villages. This deeply entrenched platform consists of neighbourhood stores like Kirana shop, medical store, mobile recharge shop, etc. enables millions of expats' families & loved ones to have an easy and convenient access to money when in need. The holy month of Ramadan, one of the most important occasions for Muslims around the world, presents us with an opportunity to reach out to more and more people and service them better. To partake in their celebration, EbixCash organises iftar parties for its agents, distributes sharbats and food packets to the local people who keep fast, visits a various orphanage and old-age homes, and donate clothes to them. As per the latest World Bank report, India continues to receive a major chunk of the inward remittance from the countries such as the Gulf, followed by the US and Canada. The cost of transferring money varies greatly from country to country, basis the method of transfer. But migrants are not interested only in transfer costs. They are also interested in the risk they carry. And when it comes to money handling, it is all about the trust factor. Having voted amongst the most trusted BFSI brands for two consecutive years, EbixCash clearly reflects its commitment towards providing safe, secure and trusted money transfer solutions to the customers. Festivities and culture are the strongest aspects that connect Indian expats to their homeland. Recompensing for their absence back home during such occasions, migrants living abroad play their part by sending money to their families. Strengthening the formal remittance infrastructure by offering the advantages of low cost, expanded reach, and a trust-worthy network can bring smiles on the faces of many migrants' families whose lives depend on income from abroad to fulfil their basic needs. (EbixCash is the largest authorised Money Transfer partner for Western Union, Moneygram, Xpress Money and Ria)
May 18, 2018 - EbixCash
Buy Gold from your nearest Kirana store!
This Akshay Tritiya, Gold Coins and Gold Savings Scheme with EbixCash Indians adore gold more than the people of any other country. An emotional, sentimental and religious purchase, the demand for physical gold never dies in India which explains why the country is by far the world's largest importer, accounting for one-fifth of the global retail consumption. With Akshaya Tritiya round the corner, buying gold gets a 'holy' backing as the day considered auspicious for many Indians. When it comes to buying the yellow metal, India is home to specialised gold markets in nearly all cities. In Mumbai, Zaveri Bazaar is the oldest and largest gold market. In Delhi, Karol Bagh and South Extension have many gold jewellers while in Chennai, one needs to head to the gold stores in T. Nagar. And who can ignore Kerala, when it comes to gold, rural Kerala's per capita spending on gold ornaments is far ahead of the total per capita spending of all six top states. So, how would you feel if one tells you that instead of going to one of these select markets, this Akshaya Tritiya, you could buy your annual quota of gold by simply walking into your friendly Kirana store! What's more, this comes with the flexibility of either paying in full or through an EMI spread over 3 to9 months. Also, customers have the convenience of physical gold being delivered at the end of the tenure right at their doorstep. With the compelling blend of the benefits of traditional brick and mortar stores and the regular digital commerce, EbixCash in association with Augmont India has launched a facility to buy the best quality 24Kt (999) Gold coins through its 'Phygital network' of more than 231,500 retail touch points across 5,500 cities, towns and villages across the country. All that the buyer has to do is walk into the nearest EbixCash's retail stores, choose the product, make a 20 percent down payment and pay the rest in an EMI each month. Furthermore, they even have the option of cancelling the order during the EMI period! Augmont is India's biggest and most trusted B2B Bullion supplier, offering top quality gold from their own BIS Accredited Refineries with a purity of 999 (24 karats). While the buyers can currently choose from a variety of gold coins, the platform aims to include jewellery items such as pendants, bracelets, chains and earrings in the near future. Gold purchases are not an exclusive preserve of the rich, which also explains why the GST rate on the metal was fixed at just 3% and not 18%. What's more interesting is that while India remains the second biggest consumer of gold, rural India alone accounts for about 60% of annual gold consumption. However, with just one-third of Indians owning bank accounts, India is conspicuously under-banked. For the areas still not sufficiently penetrated by the banking system in the country, gold still provides a lot of financial security to rural people as it can be mortgaged for receiving immediate liquidity during a contingency. Powered with multi-category merchants, a technology platform and a robust distribution network, EbixCash offers a range of digital payments and investment solutions, and the company's association with Augmont India is its latest offering on their 'Phygital' network. The facility thus allows individuals to buy gold for their future aspirations. The platform serves a great advantage for individuals who find it difficult to save a large amount for making spot purchases encouraging a disciplined practice under which one can buy gold in grams by making small and regular payments. But when it comes to buying gold, it is all about trusting your seller. The immense goodwill built over the years that your neighbourhood Kirana store brings on-board coupled with the ease of buying gold from your nearest outlet in affordable quantities through EMIs is a breakthrough initiative by EbixCash for the middle and lower middle India. In a country, where a legal license is not mandatory, the authenticity of the gold available in the open market is threatened. Some of the biggest scams have happened in the retail gold market with just 13,000 BIS (Bureau of Indian Standards) licensed jewellers in India. Thus buying a Hallmarked Gold Coin from Augmont comes with the underlined emphasis on purity, quantity and authenticity of the purchase. The idea is to make gold relevant to the country's last mile. The platform presents a strong case of empowering every Indian helping him transition towards a more secure future steadily but in stages with due consideration to his convenience and affordability. What the metros achieved in the last few years, mass middle India will achieve in the coming decade. The India story and the demand revolution will live on!
Apr 12, 2018 - EbixCash
Policybazaar.com makes motor renewal a matter of few hours
New Delhi, July 31: If your motor insurance policy has lapsed, and you don't have time and energy to chase the insurer to get it revived, you don't have to fret any longer. Policybazaar.com, India's largest insurance website and comparison portal has launched the self-inspection video service which makes renewal of lapsed motor insurance a matter of few hours. The new feature allows consumers to overcome the hassle of physical inspection for lapsed motor insurance and makes renewal easier than ever. The feature is now available on PolicyBazaar website, www.policybazaar.com, and its mobile app. In India, for every 100 renewals, there are roughly about 30 of those for lapsed policies, and these require physical inspection of the vehicle and documentation, which takes anywhere between 2 to 5 working days. For those who live in rural or semi urban areas, or on the outskirts of a big city, the problem becomes even more serious because the inspection agents don't turn up even after fixing date and time, and customers keep waiting endlessly. Keeping in mind the larger cost and time effort involved in physical inspection and providing a one-stop service for different insurers, Policybazaar.com launched the self- inspect video feature on its app, which makes inspection and the related documentation a matter of few hours, and helps the lapsed policy renewed faster than ever. Insurers such as Kotak Mahindra General Insurance, Liberty Videocon General Insurance, Bharti Axa General Insurance and TATA AIG General Insurance have already joined hands with Policybazaar to underwrite lapsed motor insurance through this feature, subject to the video quality being up to their guidelines. Eight more insurers are expected to be on board soon. According to Policybazaar.com CEO Yashish Dahiya, "At Policybazaar, our customers come first, and we keep striving to make insurance buying process hassle-free. The launch of the self-inspect feature is one such step which helps both consumers as well as insurers." The Policybazaar App can be downloaded from Google Play store for android users. The App, which will also be available on iOS soon, functions well on any android phone operating on an OS version of 5.0 and having 4 MP or above camera. The self-inspection feature has a demo video to guide on how to shoot inspection video and upload the same, besides guidelines laid down by insurers that one needs to keep in mind before undertaking the self-inspection. "The self-inspect feature has been designed for the tech-savvy India where a majority of people use smart phones. The self-inspection requires a 360 degree video of the vehicle to be insured without any pause, a process that eliminates chances of any fraud. Through this feature, Policybazaar aims to save time and money of those who want their vehicles' insurance renewed without much difficulty," said Head of Motor Insurance, Policybazaar.com, Neeraj Gupta. To make use of the self-inspection feature, please keep in mind the following guidelines: The video should be taken in day light, and those done in a basement or under shade (for example, under a tree) are not valid. 360 degree view of the vehicle has to be captured in a single video clip without any pause and the vehicle shouldn't go out of the focus while the video is being shot. The video should include, either at the start or at the end, a copy of the car's RC (registration certificate) which is mandatory, and a copy of previous year's policy copy (if applicable).
Jul 31, 2017 - Policybazaar.com
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