MBA BANKER

 As a Banker, we all busy in achieving targets in liability products, Asset products, Third party products. Ver busy! Exactly, No time at all for us. In the mean time we are not able to empower the customers and sell the wrong product which is not required by the customer. Next time when he will realize that the bank wala sold him wrong product, the relationship will turn into sour. The banker will loose the customer forever. Does the story seem to get connected with you? Yes, it's the story of every banker who does not do any homework and just sell the useless products of the insurance company only to achieve the target without understanding the requirement of the customers, features of the product, capability of the customers. So it becomes very important for the Banker to know what are the Six steps formula He/ She should always practice in his/ her life. when you practice in your life, you will exactly ask your customers to do investment in such financial products. Believe me, ...

 A credit card is a plastic card with specific security and other features that is issued by a bank to its customer to enable the customer to use it as a payment medium. The card also entitles the cardholder to certain credit limits/funds such that a payment can be made even if the customer's account does not have adequate balance.  Thus a credit card is both an instrument of payment and a source of credit . Case study- Suppose one purchases grocery and pays the retailer's bill by means of a credit card. The retailer swipes the card and gives a credit slip which the buyer has to sign. Clearly the buyer has not paid cash to the retailer. In this process, the credit card account with the bank is charged with the amount of grocery purchased.  But how does the retailer get his money? The answer is that the charge that the buyer incurred in buying grocery is ' acquired ' by the retailer's  bank. It will provide the retailer with the amount of transaction made by th...

We all know this as crisis of 2008. But many do not know clearly this crisis. In USA the banks gave loans to SUB PRIME customers.  Who are SUB PRIME CUSTOMERS?  The one who are not prime customers, that is, below prime customers. Who are PRIME CUSTOMERS? The customers who can pay back the loans easily. Also having the good credit score and has not done any default in the past. So they get loans at attractive interest rates. But subprime customers are having very low credit score. Also they are not given any loans if they default in past. But between 2004-2006, these loans increased too much. Historically subprime loans used to be 8% of the total loans but it increased to be 20% of the total loans by 2006.Along with this prices of the properties also started increasing. Why prices of the property had increased? All these subprime loans given by a bank, Further that bank used to create fancy securities; these securities were called mortgage-backed-securities and their derivative...

 SINGAPORE Ladies and Gentleman, today we will read out the story of a man (Our Hero) who turned the small island of Singapore from a slum colony to one of the richest nations in the world.  From our first part we knew, in 1965 Singapore was already facing an economic crisis and apart from that they had no natural resources, no population advantage, no industries,very less factories and most importantly their biggest employer, that is, the British Army was planning to leave which was about to wipe out 20% of their GDP. BASICALLY, EVERY POSSIBLE OBSTACLE THAT YOU CAN THINK ABOUT TO PULL THE COUNTRY DOWN TO EXTREME POVERTY WAS BEING FACED BY SINGAPORE. So the question is:- Who is this Leader? What was his strategy? And more importantly what can a country like India learn from the incredible case study of Singapore? This incredible person That i am talking about is Lee Kuan Yew  and his strategy can be summarised in 3 important pillars that laid down the foundations for Sing...

 Ladies and gentleman, we all know Singapore to be the developed country it is now but just few decades back it was considered to be an underdeveloped country.  Today we will discuss  and take you in a visit of Singapore's Transformation journey from a struggling island Nation to a thriving metropolis. Hi everybody, The evolution of Singapore is one of the most fascinating case studies in the modern world history. While our generation knows Singapore as a beautiful, fully developed country, very few of us know that just a few decades ago in the 1950s, Singapore looked like this.  The unemployment rate was high. Communal riots were erupting from time to time and the land of Singapore itself was one of the largest slum colonies in the world. And not just that Unlike other countries, Singapore had some severe disadvantages, they neither had a large population to depend on nor did they have vast lands and most importantly they did not have any natural resources like coal...

Hi, everybody on 7th of february 2022 the CBI booked abg shipyard its directors and ABG international pvt ltd for allegedly causing losses of Rs 22842 cr to consortium of 28 banks. INTRODUCTION ABG shipyard once considered to be a powerhouse in ship building with an order book of Rs 16600 cr is now under investigation for pulling off the biggest banking fraud in indian history. Now just to give you guys a context of how big a fraud this is if you see neerav modi pulled off a 11356 cr scam and vijay mallya pulled off a scam of Rs 9000 cr both of them together account for Rs 20356 cr of scam but ABG SHIPYARD alone amounts to 22842 cr  The question is how does the shipping industry function in the first place. What is the story of ABG shipyard and how did they manage to pull off such a big scam right in front of the banks in the country. Understanding About SHIPPING INDUSTRY The first thing you need to understand is how does the shipping industry operate to put in simple words the...

Published on October 22.10.2022 The day was Friday before Diwali. I walked into my familiar retail banking branch. Aghast to find that the Manager (Accounts) was swarmed by a host of clientele. I thought at 3p.m, the Manager would have some leisure. She did not have even her lunch by that hour. The reasons: In a sparsely staffed branch, three employees were on leave; the Branch Manager went on leave for writing an examination. There were at least fifty KYCs of new accounts on her table to key in and approve. Across the counter, the patient customers, understanding her position, exhibited no hurry. The requests ranged from non-responding ATM, YONO, to repayment of retail loans, to irregularities in them to set right and approve, opening the SD Locker, and a pensioner like me requesting for the new ID card. Enhanced Access and Service Excellence (EASE), fifth edition promises a focus on driving an enhanced digital experience along with data-driven, integrated inclusive banking across all...