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
YES BANK's 1st USD Bond of $600 Mn Raised from International Markets
YES BANK Raises 600 MN USD, becomes 1st Bank in India to Issue Largest Debut International Bond; ~1.8x oversubscription Remarkable Business Growth with a Consistently Successful Fund Raising Streak in Markets Globally India's fourth largest private sector bank, YES BANK has successfully completed issuance of its first USD 600 million (more than Rs. 3,847 crore) bond issue in the international debt markets. The Bond issuance is for a tenor of 5 years and is rated Baa3 by Moody's Investors Service and is listed on the London Stock Exchange International Securities Market (LSE ISM), the Singapore Exchange Securities Trading (SGX), and the India International Exchange IFSC at GIFT City, Gandhinagar. This is the largest debut International bond issuance by an Indian bank with a lowest spread over Treasury for a debut fixed rate, issued as a part of the Bank's USD 1 BN Medium Term Note (MTN) programme. The issue was also oversubscribed by >1.83x from over 90 accounts. According to a Press Release issued by the company, YES BANK is the first bank out of GIFT City, Gandhinagar to launch MTN issuance, and continues to be the largest amongst the operational International Business Units (IBUs) with Balance Sheet size crossing USD 2 Billion. Commenting on the development Mr. Rana Kapoor, MD & CEO, YES BANK, said, "This landmark issue is the first foreign currency bond offering by YES BANK under our newly established MTN program, and the significant over-subscription as well as high quality investor base is testament to the commitment reposed by global investors in the Bank. As the 1st Bank to have begun operations at GIFT, we remain committed to expanding our operations at the IBU, Gandhinagar." In its successful fund raising streak, YES BANK has previously raised a total of INR 37.5 Bn of Infrastructure bonds of which INR 3,300 Mn (USD 50 Mn) was raised through issue of Green Infrastructure Bond to FMO. In FY17, YES BANK was one of the best performing banks in India across key parameters of growth, profitability and asset quality owing to a differentiated strategy. Bank's Advances grew by 34.7% to INR 1,323 Bn compared to industry growth rate of 5.4%, Total Assets grew by 34.7% to INR 2,151 Bn and Net profit grew by 31.1% to INR 33.3 Bn. Further, YES BANK emerged as the fourth most profitable bank in India, as per H1FY18 net profit of INR 19.7 Bn. As on March 31, 2017, YES BANK's Total Capital Adequacy Ratio stood healthy at 17% with Tier I Capital at 13.3%, ensuring that the Bank is well positioned to capitalize on growth. As evidenced, YES BANK has been one of the strongest banks in India to have successfully demonstrated ability and consistency in raising capital across cycles. Through the equity route too, the Bank has raised a total of more than INR 200 Bn. The Bank has raised a total of INR 78.5 Bn (USD 1.2 Bn) in QIPs since 2014 Recently raised INR 40 Bn (USD 612 Mn) through private placement of Basel III Tier II bonds INR 84.15 Bn was in total raised under Basel III Compliant Additional Tier-1 ('AT1') Bonds
Feb 8, 2018 - YES Bank
Fitch Learning and Times Professional Learning Announce Partnership
London/Mumbai - October 03, 2017 Fitch Learning and Times Professional Learning, a division of Bennett, Coleman & Co. Ltd, are pleased to announce their strategic partnership to provide leading financial education programmes and training across India. Under the new RBI policy of higher standards and capacity building for financial professionals, the Indian Bank's Association (IBA) has selected Fitch Learning to provide training programmes and enhance the skill level across the financial services sector. As part of this, Fitch Learning has developed programmes which are aimed at specific banking institutes and would comply with the specifications for certification mandates laid down by the RBI. These programmes aim at training and certifying bank officers who man key responsibilities in four areas: Credit Management, Risk Management, Accounting and Treasury Operations. The other mode of delivery of Fitch Learning's product offering is the open course where mid to senior level executives from BFSI segment can enrol and attend these higher level programmes. The course will make its debut in the financial hub of India, Mumbai in November 2017 starting with Financial and Credit Risk programmes including 'Warning Signals and Lessons Learned in Corporate Credit'. Fitch Learning has partnered with Times Professional Learning to promote Fitch Learning products, digital learning solutions and industry leading qualifications through its full suite of media distribution channels to those working within India's financial services industry. "India is a key growth market for Fitch Learning. This is an important step in our strategic growth plan and we are excited to be expanding our local presence in India's rapidly evolving financial education sector with the highly respected Times Professional Learning," said Andreas Karaiskos, Chief Executive Officer of Fitch Learning. Emphasising the importance of up-skilling in this sector, Anish Srikrishna President, Times Professional Learning stated, "The complexity of the banking business has grown exponentially. We are therefore pleased to be the Partner of Fitch Learning to bring their decades long specialisation and world class training programmes to India for the very first time." Media Relations: Rebecca O'Neill / Leslie Tan Tel: +44 203 530 1697 / +65 67 96 7234 Email: Rebecca.firstname.lastname@example.org / email@example.com Sheetal Tambe Tel: +91 7045186001 Email: firstname.lastname@example.org About Fitch Learning Fitch Learning, a preeminent training and professional development firm, offers learning solutions to the financial services industry across the globe. Focused and committed to partnering with clients to enhance knowledge, skills and conduct, Fitch Learning supports professionals through designing and delivering solutions to accelerate their performance and the organisation across their career lifecycle. Fitch Learning specializes in a number of key areas: regulatory and certification exam training, professional skills development and blended e-learning solutions. Fitch Learning is a part of Fitch Group, a global leader in financial information services with operations in more than 30 countries. Fitch Group is comprised of: Fitch Ratings, a global leader in credit ratings and research; Fitch Solutions, a leading provider of credit market data, analytical tools and risk services and BMI Research, an independent provider of country risk and industry analysis specializing in emerging and frontier markets. With dual-headquarters in London and New York, Fitch Group is majority owned by Hearst. About Times Centre for Learning Ltd Times Professional Learning is a division of Bennett, Coleman & Company Limited and is committed towards fulfilling aspirations of millions of learners through learner-centric innovations & global collaborations. As a professional skilling powerhouse for graduates and working professionals, we equip students with key skills and offer executive education in sectors such as banking, management, analytics, digital marketing, decision science and many more. We also provide solutions for corporates towards their training needs.
Oct 3, 2017 - TSW
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
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
TSW, IIM Calcutta launches course for Family Business Management
~The one-year duration course will aim to enhance the managerial, leadership, as well as entrepreneurial capabilities of the managers of the family managed businesses~ Mumbai, 10th April, 2018: Indian Institute of Management Calcutta and TSW in partnership announces Postgraduate Certificate Programme in Family Business Management to educate and empower the new generation of family-owned businesses in India. The programme's core objective is to furnish the scions with the understanding of tackling new challenges as well as helping them to professionalize their management by adopting latest business management techniques and practices. With the business environment in the country being highly dynamic at present, family-owned businesses, as well as new business initiatives by young entrepreneurs, should align with professional ways of operating their businesses to stay ahead in the competition. The programme enables them to equip with management practices and concepts contexualised to the need of a family managed business. It also offers them with in-depth exposure to theories related to developing new strategies as well as professional management for sustenance and growth of business The 12-month duration programme includes two days of classes every week along with 10 days of on-campus sessions at IIM Calcutta. It also includes interactive discussions, live projects, and assignments as well as personal coaching to carve out a managerial niche. The program format aims at providing opportunities to participants to apply learning into practice simultaneously. "With a greater number of professionals setting up their business ventures in India, it is important to impart them with exceptional managerial capabilities to help them reap the benefits of emerging opportunities. IIM Calcutta's Family Business Management & Entrepreneurship programme in partnership with TSW will help them become business leaders of tomorrow with a comprehensive exposure to modern business practices,'' said Anish Srikrishna, President, Times Professional Learning. Speaking more on the endless benefits which the programme offers to family business owners, Professor Prafulla Agnihotri, Programme Director, said,'' IIM Calcutta has a legacy of producing exceptional business heads and TSW's strong PAN India presence will enable us to further help entrepreneurs leverage from our expertise.'' To know more visit http://bit.ly/2HSaPPJ or Call 7400084666 About TSW With a vision to make world-class education accessible to aspiring business leaders through strategic collaborations, TSW'S passion for excellence and a belief that 'Executive Education Empowers' works hand in hand with the organization's aim to impart knowledge to business professionals nationwide. About IIM Calcutta The Indian Institute of Management Calcutta (IIMC) was established as the first national institute for Post-Graduate studies and Research in Management by the Government of India in November 1961. Over the years, IIMC has grown into a mature institution with global reputation, imparting high-quality management education. It has been playing a pioneering role in professionalizing Indian management through its Post Graduate and Doctoral level programs, Executive Training Programs, Research and Consulting Activities.
Apr 10, 2018 - TSW
INSEAD, TSW announce 2nd Blue Ocean Strategy executive programme
Mumbai, 28th March 2018: The first edition of the 3-day workshop on Blue Ocean Strategy, INSEAD's senior leadership development programme, was a huge success. Presented by TSW in India, the inaugural batch, held in Mumbai, November 2017, saw enthusiastic participation from CXOs of businesses from diverse sections of Indian industry. Senior leaders from top conglomerates such as Tata Group, Bharat Petroleum, Future Group, Aditya Birla Group, DHFL, Capital First, DELL, DCB Bank, United Breweries, ANZ Bank, Stock Holding Corporation, World Wide Media and more had an engrossing learning experience during the programme. The strong response to the inaugural edition and the unmet demand from corporate clients prompted INSEAD and TSW to announce the second edition of the Blue Ocean Strategy (BOS) Executive Programme scheduled to take place from 9th to 11th May 2018 in Mumbai. The Blue Ocean Strategy executive programme is based on the INSEAD campus programme and is delivered by INSEAD faculty. In its present form, the programme incorporates 3 days of face to face interaction with Guoli Chen, Blue Ocean Strategy simulation and a live interactive webinar with the cocreator of the Blue Ocean Strategy, professor Chan Kim, for assistance in application of the course. On the announcement of the second edition of the programme, Anish Srikrishna - President, Times Professional Learning said, "INSEAD's 'Blue Ocean Strategy' workshop offers an absolutely new perspective on strategy formulation and execution. The unique thought process will help participants redefine strategic priorities created in a hypercompetitive 'red ocean' world." The programme offers a unique opportunity to participants to sharpen their business acumen and also help their organisation attain leadership status by identifying new avenues rather than by attempting to thwart competition. It offers various frameworks to the participants to enable them to create uncontested market spaces or 'Blue Oceans'. To participate visit https://timestsw.com/insead-blue-ocean-strategy-2/ or Call 7400097514 About TSW TSW is an initiative by Times Professional Learning for working professionals who are keen to hone their skills, add value to their work and climb the corporate ladder for a more rewarding career. With a vision to make world-class education accessible to aspiring business leaders through strategic collaborations, TSW's passion for excellence and a belief that 'Executive Education Empowers' works hand in hand with the organisation's aim to impart knowledge to business professionals nationwide. About INSEAD As one of the world's leading and largest graduate business schools, INSEAD offers participants a truly global educational experience. In the span of five decades, INSEAD has developed from an entrepreneurial venture to an internationally regarded institution. As a global educational institution with a pioneering multi-campus model, our mission is to create an open-minded learning environment that brings together people, cultures and ideas from around the world, in order to transform individuals and organisations through business education.
Apr 4, 2018 - TSW
Corporate India gets a digital edge with Full Stack FinTech solutions
Your small business or large enterprise can gain efficiencies across processes and digitization of employee travel, incentives, and wellness Is corporate travel bookings and reimbursements cumbersome and exhausting you? Similarly, for the HR and Admin departments, it can be actually a nightmare, involving a whole host of issues such as difficulty in enforcing compliance, complex accounting, and dealing with excess spending. Add to the fact that both the departments tend to get lost in a maze of paperwork and rely on multiple vendors for various services. This fragmentation leads to a lack of synergy in execution, which negatively impacts the entire employee morale spectrum. Digitization is enabling corporates to go paperless and cashless with new-age tech solutions like EbixCash. A part of the Nasdaq listed Ebix group, it delivers a Full Stack Corporate Solutions suite that is designed to integrate all aspects of planning, implementation, and execution of corporate payments. This comprehensive suite utilizes a holistic approach that claims to cut down on administrative workload and simplify processes for employee well-being and engagement. The corporate stack comprises EbixCash Fintech Solution, Via.com Corporate Travel Platform, MICE and Employee Wellness Programs aims to clear much of the roadblocks faced by enterprises. Recently, Reserve Bank of India also mandated digitization of paper voucher alongside the government's Digital India vision. EbixCash Prepaid cards & wallet offer a range of employee benefits products like Gift Card, Reward Card, Meal Card, Expense Management and R&R Incentive Solutions. Designed to deliver maximum benefit to the employees and have been proven to increase overall performance and morale. Overall the gifting category in India is estimated to be at US $40 bn. It is broadly split into four broad categories - festival gifting, occasion-based gifting, personalized gifting and corporate gifting. Additionally, global spending on business travel is picking up pace this year after experiencing a lull in 2016-17, according to the latest report by the Global Business Travel Association. The report forecasts the business travel spend around the world to reach USD 1.7 trillion by 2021. Via Corporate Travel Booking Platform a powerful, technology-driven travel booking platform that allows for fast, easy and cost-effective corporate travel management. Businesses can access exclusive savings and special features on the flight, hotel and holiday booking through this platform along with multi-currency cards, Forex and travel insurance for the employees travelling abroad. The Via.com MICE platform can also be used to organize events, annual meets and incentive tours. Globally, the Meeting Incentives Conferences and Events industry amounts to USD 280 bn. The Asian MICE industry contributes USD 60 bn, with Indian MICE industry accounting for USD 1.3 bn. As calculated by MasterCard, this segment is forecast to grow at a CAGR of 8.6% in 2020. Further offering Employee Wellness Programs - AskADoctor24x7, helps companies to ensure a healthy and motivated workforce via instant access to leading health experts and health monitoring tools. With a bullish outlook, Robin Raina, President, Chairman and CEO, Ebix, was recently quoted saying "We are all geared to emerge as India's largest end-to-end financial exchange in the next year or two while establishing a lead role in areas of travel, prepaid and gift cards, utility payments, domestic and international money remittance, etc. Towards that extent, we are also looking to expand in a dominant way to other financial exchange sectors such as India's outward remittance and Forex markets, which will benefit both employees and employers alike." According to multiple pieces of research, businesses are looking at improvements in quality while reducing costs. This has resulted in an organic surge in the demand for effective disbursement solutions which can be tackled with innovative and digital-first platforms that are cost-effective and seamlessly integrated. "We strive to empower businesses with streamlined hassle-free tools that can drive sales, enable travel, motivate & reward employees and drive efficiencies that improve the corporates bottom-line" adds Bhavik Vasa, Chief Growth Officer, EbixCash. The company is already supporting over 8000 leading enterprises and small businesses across sectors including telecom, manufacturing, consumer brands, FMCG, IT/ITES, Insurance and BFSI to optimize their travel management and execute cost-effective reward programs. Lastly, corporate Fintech solutions benefit both the employer and the employee in equal measures. While the employer reaps the benefits of minimal paperwork and streamlined processes, the employees have access to a user-friendly and transparent platform to check their benefits, access healthcare specialists and manage their travel.
Mar 30, 2018 - EbixCash
Wealth Management startup Mymoneysage to nudge your investing behavior
Since personal finance is more personal than its finance, handling one's own finance is a tricky affair says Kishorkumar Balpalli founder & CEO of Mymoneysage.in, most people get into a financial mess because of decisions that are influenced by emotions. Behavioural anomalies like procrastination, greed and fear make matters worse, but the icing on the cake is financial illiteracy, i.e. lack of financial literacy. Financial literacy is the ability to understand basic financial concepts. It is about having the knowledge to effectively analyze financial risks and opportunities and shield oneself from falling into a financial mess. Poor financial decisions have led many high-income earners into debt traps, hand-to-mouth situations and bankruptcy. Comprehensive v/s Ad-hoc approach The financial decisions that investors make & the advice they seek is more ad-hoc than holistic. Let's take for example the year-end investing spree, Investors get into tax-saving schemes with the only objective of saving tax, ignoring the critical parameters like risk profile, short & long term goals and their current financial situation. Many agents/Distributors take undue advantage of the situation and sell/miss-sell financial products that are in line with their business plan ignoring investor interest. Commission based vs Fee-based advice Though most people realize at some point in time that they need professional help, they hesitate to seek help. The reason could be lack of trust or not knowing where to look for genuine advice. Investors fail to understand that they pay more to the advisor when they seek free/commission-based advice. But the fact is paying a fee for advice would make the advice, unbiased, accountable and removes the conflict of interest. Take for example the most popular investment vehicle Mutual Funds, Direct plans of mutual funds do not pay any commission to the advisor and also, achieve higher returns over a long term as compared to the regular plan of the same fund. A Registered Investment advisor who recommends direct plans charges a small fee to the clients, the calculation of which is transparent and is shared with the client. Regular plans of mutual funds pay commission to the advisors who recommend their products. There is always a high possibility of being sold inappropriate products. The returns from regular plans are lower as compared to direct plans over a long term. Robo or Human Advisor Should you go for a robo advisor? Though technologies are no doubt built by a human, our minds are sometimes not rational and are emotion driven. Robo-advisors or automated financial advisors offer, rational and data-based advice considering a person's risk profile, financial goals, and tax brackets. They can provide basic investing advice such as suggesting an asset allocation and constructing a portfolio in accordance with the risk profile. However Robo advisors fail to give comprehensive advice, one of the most important drawbacks of a Robo Advisor is that they cannot nudge or anchor human behaviour. The need of the hour is a comprehensive and client-centric personal finance ecosystem that should be cost-effective, opines Mr Balpalli, this he says is being made possible with the advent of Mymoneysage.in, an award-winning wealth management platform. Mymoneysage is India's first hybrid platform which combines the efficiency of the machine with human intellect, a human to give the required nudge and hand-hold coupled with the data analytical capability of a machine. MyMoneySage not only aids you in making financial decisions but also extend help in adopting and maintaining responsible human behaviours over time. Unlike pure Robo-advisory platforms where human interaction is nil and lacks the cognitive ability to forecast economic changes, Mymoneysage provides the much-needed human role for behavioural interventions. It is also a one-stop solution for all your financial planning and investment needs. It is a comprehensive and client-centric platform that helps you in goal-based investing, with professional advice from Registered Investment Advisors. It is a zero-commission platform with no conflict of interest. Aggregation of all your assets and liabilities across multiple asset managers including direct Equity, EPF, PPF, NPS, small savings, Insurance, gold, Real estate etc. help you in consolidating & tracking your networth automatically. Personal finance calendar which chronologically marks events of all your personal finance accounts is another industry first. Comment by Grammarly: Deleted:s The most important feature of a lifetime free Mymoneysage account is that you can invest in direct plans without any commission or fees; there are no strings attached says Mr Balpalli. You can also switch your existing Regular Mutual Funds to Direct plan with the click of the button; it helps you in getting better returns as compared to regular plan. Clocking more than 10,000 clients & 500 Crore of assets under management within a year of its launch is a testimony to the fact that this unique start-up could bring disruption in the area of wealth management. .
Mar 29, 2018 - Mymoneysage.in
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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