An excellent Foundation program; the 3 courses, cover critical concepts in Finance; financial instruments, stock (equity) markets, currency and bond markets; and an overview of a Bank’s business. A must-do for all banking aspirants – graduates, or MBAs.
|Understanding Money||Concept of Money: An introduction to money, as a standardized unit of exchange.Concept of Interest: What 'Interest' is; Simple and Compund Interest.Compounding and CAGR: Compounding, Effective Interest (Yield); CAGR & its usage.|
Inflation: Inflation, Nominal Rate and Real Rate.
An overview of financial statements - Income statement,Balance Sheet and Cashflow - format and key terms.
|Understanding Risk||Identifying Risk: Types of risk a Financial Institution faces.Measuring & Managing Risk: Factors considered to measure risk; risk management techniques such as diversification.|
The Risk-Return Framework: How return changes, with the associated risk.
|Financial Framework||The Financial System Framework: Instruments, markets, market players and regulators.Role of Banks: What a bank does; role of banks for corporates and individuals.The World of Banking: The different types of banks and how they are categorised in the US (such as community banks, credit unions etc.), and the UK.Regulators & Regulations: RBI, Federal Reserve and Bank of England). Key regulations-Basel Norms, Reserve requirements etc.|
Key Terms: Flat & Reducing balance interest rates, Pledge, Hypothecation, Mortgage, etc.
|Banking Business||Banking Business Overview: A bank's business model ; Related concepts: Cost of Funds, Net Interest Income (NII) and SpreadThe Business Offerings of a Bank:a) Business Divisions: Retail Banking, Corporate Banking, etc.b) Mid & Back Office functions: Risk Management, Asset/Liability Management etc.c) Support Functions: Audit, Finance & Control etc.|
Channels: The channels a bank uses; features of each.
|Retail Banking||Banking Structure: The organisational structure and business units of the Retail banking division.Liability Products: Types of liability (deposit) products in India, the US/UKIndia: Saving Accounts, Current Accounts, Public Provident Funds, Term Deposits, and NRI deposits. Key processes around CASA and Fixed deposits.US: Money Market Accounts, Checking Accounts, Certificate of Deposits and Individual Retirement Accounts, etc.UK: Fixed Rate Deposits, Individual Savings Account etc.Liability Processes: A discussion on operations around the lifecycle of a liability product (deposit).Asset Products: Categarization basis security, repayment and interest rate; typical loan products such as Home loans, Vehicle loans, credit cards, etc. The typical loan lifecycle.Other Services: Such as, Remittances, Mutual Funds & Insurance etc.|
Asset Processes/ Roles: A discussion on various stages of a retail lending process.
|Corporate Banking||Introduction: The Organisational Structure, including Transaction Banking and Product Management.Classification of Products: Fund and Non-Fund based products, basis Purpose, Maturity, Revolving and One-Off etc.Funded & Non Funded Facilities: Types of Funded Facilities - Line of Credit, such as Working Capital Loans, Long Term Loans, etc.; Non funded facilities such as LCs & Cash Management, etc.International Trade - Payment Methods:A discussion on International Trade Payment Methods:Cash in Advance, Open Account and Letter of Credit (LC)Credit Evaluation: Qualitative and Qunatitative Analysis required for Credit Evaluation.|
Business Banking: Banking for Small and Medium Enterprise (SME) and its difference from Corporate Banking.
|Specialized Divisions and Support Functions||Investment Banking: An introduction to Investment Banking, its purpose and its functions - Mergers & Acquisitions, Loan Syndication, Issue Management, etc.Global Markets and Treasury: An overview of the Global Markets and Treasury division.Private Banking: An introduction to Private Banking, its features and the typical Private Banking workflow.Sales and Marketing: A discussion on sales as a function for a bank, how do banks achieve their sales in retail banking; sales in corporate banking.Asset and Liability Management (ALM): An overview of ALM and its importance. How ALM is done in Financial Institutions.|
Other Functions: Human resource management; Legal & compliance, Audit, etc.
|Insurance - Product overview|
Introduction: What is Insurance? Basic understanding on how insurance works.Players in Insurance: Various players in the Industry such as Insurance Distributors, Regulators etc.Insurance Products: Classification of insurance products (general and life insurance).Life Insurance: Concept of Life Insurance, its beneficiaries and types of life insurance.Health Insurance: Basic understanding of Health Insurance.
|Insurance - Process|
Processes in Insurance, Understanding the Business of Insurance.
|Payment Systems||Introduction to Payment Systems: The players in a payment system; key terms - clearing, settlement, float, correspondents, etc.Clearing and Settlement: The process of clearing and settlement with examples. RTGS & Deferred Net Settlement systems.|
Categorisation of Payments:A category wise discussion on the following modes of payments-- Paper based payments- Card based payments- Electronic payments
|Risk Management in Banks and NDFIs||Introduction: An introduction to the three steps of Risk Management.Typical causes of Financial Crises: The root causes of the financial crises (such as - Asset Liability Mismatch, Fraud etc.)|
Risk Management Process: Mapping types of risk to the functions of a bank; Var methodologies; the Basel Norms for Capital Adequacy.
Regulatory Compliances (US): A discussion on the CIP Requirements, OFAC Compliance and The Bank Secrecy Act.
|Technology in Banking||A Core Banking System (CBS): Technology in banks; understanding a CBS and its applications (such as - Centralized data repository, MIS, Risk management system etc.)Different modules of a CBS: An overview of the modules in a CBS (such as - Corporate Banking Module, Investment Banking Module, Domestic and International Payments Module etc.)|
Other technology applications: Cheque Truncation - how it works, and technological challenges.
Anjali has worked in Blow Plast, Bank of America (retail assets), and Cognizant Technology Solutions – pre-sales and heading domain competency- Financial Services Group.
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