Aman Jain explains how he got placed in top-tier companies after Imarticus Learning’s CIBOP course.
I just completed my B.Com and after which I got enrolled in the CIBOP course from Imarticus Learning. The course is excellent, and I got placed in CITCO almost immediately after the completion of the course.
The Imarticus Learning placement assistance process was very smooth. The placement team at Imarticus is helpful and supportive, and the communication between the placement team and the candidate was top-notch.
The course prepared me for my future career.
I have given two interviews so far, both of which were organized by Imarticus Learning. I was selected for both companies but opted for CITCO.
My overall experience at Imarticus Learning was pretty amazing. The one thing that I appreciated the most about my time at Imarticus Learning was that I gained heaps of knowledge which will prove very valuable as I transition into my professional career. As a bonus, I also made many new friends!
If anyone wants to make a career in investment banking, then Imarticus Learning is the best place to start.
I would rate the faculty 5 out of 5 because the teaching methodology at Imarticus Learning is unique. While I was pursuing the Post Graduation Program in Investment Banking, the faculty taught with both a practical and theoretical focus. It helps students understand the concepts very efficiently.
As this is my first job, I would like to thank Imarticus Learning. I am very excited to start my new role as it’s an entry point into the larger corporate world. I hope to learn as many new things as possible.
Ready to springboard into the investment banking world? Chat with our counsellor to find out how to start.
There are different types of financial institutions around the globe that helps people in various ways. One such type of bank is the investment bank. In this article, we will try to understand the importance of an investment bank and its functions and roles.
We will try to understand the services offered by the IB (investment bank). Let us first understand what is an investment bank?
What is an investment bank?
It is a type of financial institution which acts as a bridge between the securities issuer and the public investors. In layman terms, you can say that an IB works as a broker for clients. IB also specializes in pension funding. They help institutions to issue new sets of stock through an initial public offering (IPO) or follow-on offering. Besides helping financially, IB also gives advice and predictions in order to make the institution or any particular company rise more and more. Let us study the roles and functions of modern investment banks in detail.
Roles and functions of the Investment Bank
An IB has various roles ranging from advisory to mergers and acquisitions. Let us cover each of the roles thoroughly.
New stock issues
Whenever a company goes public, i.e. it seeks funding from the public and is ready to sell its shares. Then the IB helps those institutions by buying some of the agreed shares keeping in mind the IPO (initial public offering). This whole process of stock issuing is also called underwriting. So, in short, the funds/stocks from a private institution are transferred to the public through underwriting.
Advisory roles
Besides the money talk, investment banks help their clients by giving them advises advice which that brings more capital and investment. They help in taking the firm/institution to new heights. Investment banks boast a huge client base and are always helpful in financial queries.
Mergers and Acquisitions
Whatever the acquisitions are, an IB tries to find out its worth or current market value. It acts as a bridge for the deal to close in. They are helpful for the successful completion of a deal.
Risk analysis and management
A financial institution is always prone to difficulties. An IB helps in finding out the target area which is incurring losses. It helps in preparing a particular firm from various risks such as inflation, credit risks, liquidity, loans, etc. it always makes the firm less vulnerable to losses.
Research
Investment banks have come a long way, nowadays, they do research too. Through this research, one can find out the trustworthiness and loyalty of any particular firm. IB gives people the rating points of any particular firm which helps in deciding whether to buy, sell or hold any acquisition belonging to that particular firm/company.
Derivative product structuring
We are talking about modern investment banks here; they have now various services and functions to be offered. A derivative product mostly gives a high return rate and margin. To identify such worthy derivative and then structuring in such a way that it gives profit is often a tedious job, but it is done by the investment banks. They identify future derivatives and find the right time to invest. This helps the clients to increase their business.
Conclusion
As we read, modern-day investment banks have evolved a lot. Their services now range from consultancy to derivative product structuring. They also help various firms in getting a yes from the government for any particular project. They focus on various dealings and investments which helps the owner of any particular firm to focus on something else and take the company to new heights. This article was all about the roles and functions of modern-day investment banks.
Your decision to take up a career in new-age banking is after being in retail banking is not only logical and laudable but is a great career move.
You will need to do new-age banking courses to catch up with the latest trends in new-age banking which offers some great features like:
Job security and working in MNC environments.
Super salary packages topped with great benefits
Jobs for retired bankers and career-changers within the banking areas are never a problem.
Wide variety of jobs experiences and roles.
Banking industry jobs are prestigious and have a thriving ecosystem.
To update knowledge of the latest banking trends and practices New Age Banking Training can help. They also help with certifications and interview skills.
Excellent career progression and scope for banking jobs make this career choice great.
Community service goals and continued learning opportunities are satisfying and enriching.
The working hours are good and the environment is conducive to career progression.
Certifications gained to add to your resume and knowledge endorsing your skill levels.
The variety of sectors on offer:
New-age banks have evolved which are needs and market-based. Traditionally the roles were related to customer-service and teller areas in banks. This means multi-tasking banking professionals are in high demand.
The trending opportunities in new-age banking are:
Investment and Trust Banking help with investments, issuances, property, and fund management for both individual and institutional clients.
Operations roles deal with the everyday handling of banking operations from bookkeeping, record keeping, financial analysis, strategy meetings, client presentations, etc.
Personalized Consumer Banking division roles deal with customized services and financial advice to priority individual HNI customers.
Commercial Banking roles have clients like organizations, schools, businesses, churches, etc to cater to customized banking financial solutions.
IT, systems, and security cover areas that aid the banking operation accumulate technology, data, and records, store them safely and maintain the safety of the entire banking environment and assets.
Accounting and administration roles handle policies, routine due diligence, strategy and planning, internal operations, and such tasks.
HR and PR Resources are the bloodlines and while HR is employee management related the PRO is client-facing and strives to improve customer experience and feedback.
Regulatory and Accounting and administration roles handle policies, routine due diligence, strategy and planning, internal operations, and such tasks.
Marketing is an important role and helps win new customers into the fold with the bank’s product information, managing the customer database, advertising, media, and press releases, and much more.
What is new-age banking?
The term ‘new-age banking’ is applied to traditional banking offering a re-packaged combination of services in Forex, online lending, and banking services.
Online Lending:
IndusInd Bank has set the right example for new-age banking. Their loans are now pre-approved and the ETB users log into the portal and get instant loans after meeting the online eligibility criteria. Besides, they have ramped up the loans on consumer durables, securitized loans, and more digitizing those long and time-consuming loan processes into paper-less, pre-approved seamlessly online instant transactions.
Transactions in FOREX: This trending market also covers multi-currency travel cards, currency exchange at market rates, and delivery of local currency at kiosks or the airport for foreign travelers. The easy on-boarding and reloading, blockchain-based security, direct product deliveries against cash-on-receipt; easy conversions of FOREX, etc are some of the USPs.
Personalized Banking Services:
Customization of banking services through requests has made visiting the bank unnecessarily. Almost all banks have portals for account management, and payment platforms like BHIM and QR scans like PayTM have meant digitization and cashless transactions leading to higher C-SAT ratings.
Skills for a new-age banker:
To become career-prepared you need to undertake new-age banking training and work hard in the New-Age Banking Courses on the following attributes. An academic bachelor’s degree would be essential and experience in banking practices help.
Fluency in English communication and excellent skills in presentations using Microsoft Excel Macros and financial software is critical to presenting a report of insights that help decision-making based on predictive analysis foresight and data analytical skills. Yes, conceptual knowledge and expertise in the domain enable you to stand out.
Employment Outlook:
The pay packages, bonuses, and career progression when you make a career in new-age banking are not just lucrative and prestigious. They are performance and certification related enabling continuous learning and very satisfying job roles.
Conclusion:
Bank jobs are open to all graduates and persons making career changes within the banking sector.Doing the new-age banking training courseat Imarticus Learninghelps you with assured placements, certification, knowledge of the new-age banking procedures, and employable experience.
Hurry! Admissions are limited in every batch.
Recently national media of India reported a somewhat unusual occurrence – the central government, for the very first time in history used Section 7 of the RBI act. This unprecedented move has scholars and analysts are expressing their concerns over its repercussions. Before delving into the reasons for this occurrence, let’s consider what the section 7 of RBI Act is about. Section 7 of RBI Act The Reserve Bank of India was established in 1935. RBI operates in accordance with the Reserve Bank of India Act,1934. In general, RBI is an independent institution which takes decisions on its own. The government has a very little role in the decision-making process of the Indian central bank. However, there are some provisions in the RBI Act which enable the government to interfere with the decisions of RBI. These provisions are contained in section 7 of the act. According to section 7 of the RBI Act, the central government can give directions to the Bank in the consideration of public interest. Subject to any such directions, the general superintendence and direction of the operations and business of the Bank shall be consigned to a Central Board of Directors which may exercise all authorities and do all acts and things which may be executed or done by the Banking courses and tools. Clearly, this section authorises the central government to issue directions in public interest to RBI. But It should be noted that since the time of its creation, such an incident has never happened. Why Section 7 Was Invoked RBI and government have been at loggerheads for a while now. The government wanted to ease the lending rules for banks under the prompt corrective action (PCA) framework. This move was aimed to reduce the pressure on Micro, Small and Medium Enterprises (MSMEs). But, the bank believed that such a move would result in the undoing of all the clean-up efforts. The dispute over the liquidity of NBFCs was another chapter in this series. The government wanted to increase the liquidity for NBFCs. But, the RBI insisted on keeping the same level since the banking system was maintaining steady borrowing costs. The media reported that government and RBI were having disagreements over huge number other important issues too. Classification of non-performing assets and setting up a payments regulator independent of RBI were some of the other issues that were bones of contention. While this tension was building up, a court order was issued allowing the government to consider giving directions to RBI under section 7 of RBI Act in a case related to independent power producers. This instantly opened a path for the central government to go around the RBIs opinion and initiate their wishes. This part of the RBI Act survived the dark days of 1991 and the global crisis of 2008 without being invoked. There are many scholars with an opinion that such an intervention from the government will not only set a lax precedent for further governmental influence, but also worry that the RBI’s decisions have come to be disvalued. They also believe that the autonomy of the Reserve Bank should be kept consistent. While the government might have made these bold decisions in the belief that the changes requested to the RBI’s modus operandi might have positive impact on businesses and therefore the citizens, the far-reaching consequences of this action are yet to be determined.
