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Tag: PG diploma in Banking and Finance

Experiential MBAs that drive learning and create an impact

Posted on by Imarticus Learning

Ever since The Harvard Graduate School of Business Administration created the first MBA program, students have been concerned with using their degree to impact. Today, there is a new type of MBA: Experiential MBAs. These programs allow students to learn and experience real-world business skills by experimenting on company projects and internships. 

They also offer opportunities for collaboration and cross-pollination with peers from other disciplines who bring different perspectives. Experiential MBAs are not only more applicable than traditional MBAs; they’re also more affordable! Graduates always have the query of what to do after B.Com.

This blog post will explore the benefits of this new form of education that has emerged as a popular alternative to traditional programs in recent years. 

Why is an MBA worth the time and money?

  • Getting an experiential MBA can be more beneficial than a traditional accredited program for students who want to put their degree towards fulfilling career goals.

  • Traditional MBAs are slowly disappearing as these new types of programs have taken over the education market.

  • These new programs open the door for students to take control of their learning while transitioning into a career path that has purpose and meaning.

  • Employers have noticed the shifts in focus from traditional MBA degrees to experiential MBAs, and tuition costs are lower than they once were, too!

Benefits of an experiential MBA

The benefits are enormous! Here are some advantages you can expect to see if you choose this program.

  1. You’ll graduate with real-world business skills, not theoretical knowledge
  • Accredited MBA programs often do not provide enough practical experience for students in their field. 
  • The experiential curriculum gives students the knowledge and the experience they need to prepare for success in their chosen career path.
  1. You’ll graduate faster
  • Not only will you get your degree faster, but you’ll also learn more efficiently while taking on responsibilities similar to what professionals encounter after graduation. It is especially true if you choose an online experiential MBA program.
  1. You’ll save time and money
  • Both the online and classroom-based programs are affordable, making options like an MBA loan obsolete.
  • Instead of taking on debt, students can use that extra cash for other expenses or save it to invest later in their careers.
  1. You’ll be prepared for your first job out of school
  • Employers love hiring students who have real-world experience through internships.
  • Instead of searching for your first job post-graduation, you can begin building your network while still in school to get ahead of the competition.

Explore and Learn with Imarticus Learning

These online MBA courses include hands-on training with cutting-edge FinTech technologies, including APIs, Blockchain, Cloud Computing, AI, Machine Learning, RPA, IoT, and Big Data. 

Some course USP:

  • This online MBA course is for students to aid the students in learning job-relevant skills.

  • Impress employers & showcase skills with the certification of financial accounting endorsed by India’s most prestigious academic collaborations.

  • World-Class Academic Professors to learn from through live online sessions and discussions.

Take the right step and build the future you want with this banking and finance certification

Posted on by Imarticus Learning

Take the right step and build the future you want with this banking and finance certification

Banking and finance encompass a major portion of business processes. Companies have to invest, make payments and complete everyday operations in order to thrive, and this is where banking and finance professionals can assist. There are multiple finance and banking certification courses that teach relevant topics and include practical training for the use of modern technologies. The PGPNAB program on New-Age Banking from Imarticus Learning is one such course. It is meant for students who wish to make their mark in the financial sector. 

Why Choose a Career in Banking and Finance?

There are several career options after graduation for those who wish to become professionals in the field of banking and finance. The corporate industry is experiencing growth and therefore opportunities are increasing. Graduates can decide on a career in banking or finance for the following reasons. 

 

  • Professional Advancement

 

Every company has to deal with investments, accounts, and finances. Corporate companies have to work with banks to process their payments. Therefore, there is a demand for experts in banking and finance. As a professional in the field, there are several opportunities for consistent growth. Businesses often look for experts who can research market trends and analyze financial data to provide accurate insights related to the financial health of the companies. Candidates who can communicate well and have contacts in the industry will experience quick professional growth in these fields. Proper communication can help build partnerships and land valuable clients. 

 

  • High Salary

 

The salary packages offered by companies to finance and banking professionals are extremely lucrative. In the banking and finance sectors, potential candidates usually offer expertise in areas like research analysis, financial analysis, business analytics, and financial management. Since these jobs are extensive and require in-depth knowledge, companies tend to pay very well. Financial managers can often take commissions or set their hourly rates depending on the tasks or assets they have to manage. Professionals working with specific companies can also expect salary hikes as the business develops. 

 

  • Endless Scope

 

The world of banking and finance is evolving and there is a lot of scope for candidates who are at the start of their careers. Employees who are focused on their tasks and are quick to come up with new solutions can expect to steadily climb the corporate ladder. One can also opt for further education and complete courses that include new-age methodologies in banking and finance. Working professionals too can enroll in diploma programs to ensure career advancement. 

How Can a Degree in Banking and Finance Help? 

Completing a banking and finance online course from an institute like Imarticus Learning can help aspirants land well-paying jobs in reputable companies. The curriculum created by Imarticus Learning includes topics like quantitative finance, financial management, as well as banking, and financial economics. These help students build their expertise and learn more about how the industry functions and what they can contribute to it. Imarticus Learning’s PGP in New-Age Banking is industry orientated program and students will receive hands-on training.

Activities are organized by industry experts that require students to solve real problems. The program is monitored by experienced instructors and students can interact during the live lessons. Such interactions help them develop soft skills and build contacts. Graduates can go on to specialize in digital banks, app banks, or branchless banks.

They can also become experts in BFSI digitization. Thus a degree in banking and finance can help aspirants gain immense knowledge and become experts in their areas of interest. 

A PG diploma in banking and finance is for both recent graduates and working professionals. Imarticus Learning ensures placements and supports all students throughout the process of getting interviewed and landing a job.

Enhance your Resume with These Online Certificate Courses for MBA Students

Posted on by Imarticus Learning

Colleges are starting, and you’re thinking about applying for jobs. One of the first things employers will ask for is a resume, which can be intimidating if you don’t have any work experience to list. But what if I told you that it’s possible to build your resume with online certificate courses?

In this blog post, we’ll discuss how taking just a few courses from top universities worldwide can provide an excellent foundation to show future employers that you are serious about advancing in your current position! This blog post will outline the best online MBA courses.

MBA IN FINTECH PROGRAM:

  • The interactive FinTech learning experience allows students to apply what they have learned to real-world business challenges and circumstances.
  • This rigorous JAIN(Deemed-to-be-University) online MBA program comprehensively examines the paradigms of New Age FinTech, providing the student with a high-quality learning experience.
  • Hands-on training from industry experts, real-business case studies, tech-enabled projects based on Blockchain, Cloud Computing, and other prominent New Age tech tools, as well as valuable interactions with FinTech industry leaders and entrepreneurs, will empower their professional FinTech knowledge like never before.

MBA IN INVESTMENT BANKING & EQUITY RESEARCH:

  • Banking and finance are varying at a breakneck pace, primarily fueled by cutting-edge transformational technologies.
  • As a result, New Age Investment Banking’s complexity has evolved to mirror these shifts.
  • The widespread use of financial technology has dramatically transformed the global economy’s dynamics, leading to a surge in demand for tech-savvy New Age Investment Banking Professionals.
  • This comprehensive Online MBA program delves deeply into the many paradigms of New Age Investment Banking, providing a student with a high-quality learning experience.

PROGRAM FOR DUAL BANKING AND FINANCE MANAGEMENT

  • This dual Banking and Finance Management program is excellent for individuals wanting to advance their BFSI professions thanks to its innovative curriculum and two parallel study pathways.
  • This unique approach to professional education redefines students’ industry knowledge and successfully enhances their vocational talents throughout their learning journey.
  • NMIMS Global Access MBA (Distance) in Banking and Finance Management is a comprehensive, 24-month unique combination of two industry-endorsed Finance and Banking courses specially designed to upgrade existing careers in the booming Banking and Finance industry.
  • Suppose students are searching for all of the advantages of a traditional Masters in Banking and Finance. In that case, Masters in Quantitative Finance, Masters in Banking and Financial Economics, or Masters in Financial Management, this globally renowned PGP in New Age Banking Program is the answer.

Explore JAIN MBA Program with Imarticus Learning:

This JAIN MBA includes hands-on instruction from industry professionals and covers every vital area of course. Students may apply what they learn in the immersive tech-enabled learning experience to real-world business settings and challenges.

Some course USP:

World-Class Academic Professors to learn from through live online sessions and discussions.

5 Amazing Investment ideas for Teens and College Students

Posted on by Imarticus Learning

5 Amazing Investment Ideas for Teens and College Students

In this capital age, people are investing in numerous assets to generate long-term wealth. Investment is not only for HNI individuals but is for everyone. Teens and college students can also start investing at an early age. However, there are several things to consider before investing in an asset. If college students start investing from a young age, they can reap benefits later in their life. Read on to know five investment ideas for college students and teens. 

Invest in the Stock Market 

Teens aren’t retiring anytime soon and can afford to invest money for a longer period. College students have a basic understanding of the stock market and can start their investment journey. If needed, college students can take advice from their teachers or parents before investing in stocks. You can start with those stocks that charge fewer maintenance fees over time like, index funds. Try to invest in balanced stocks that offer good returns over time. The stock market is prone to high volatility and teens can afford to keep their money invested for a longer time. 

Real Estate Investment 

Many college students are making huge money via rental properties. If you are not a minor, you are allowed to buy or sell properties in your country. Many countries also allow minors to buy/sell properties accompanied by an adult. If you have ample money, you can buy a small house and then put it on rent. You can generate a fixed income every month by renting properties. You will continue to be the owner of the house and receive rent every month. However, as a house owner, you will also have to oversee the repairs every month. 

Open a Savings Account

Are you busy with your distance learning MBA and cannot research stocks? Well, if you do not have time to collect information about the stocks, you can go for a savings account. A savings account is a hassle-free way of expanding your money. Choose a physical or an online bank that offers good returns on a savings account. Make sure you don’t withdraw money continuously from your saving account and do not make impulse purchases. 

Go for Cryptocurrencies 

The future is bright for cryptocurrencies, and you can start investing early as a teen. With blockchain as its core technology, cryptocurrencies are highly secure. Cryptocurrency can be easily accessed as more and more digital platforms are emerging nowadays. You can easily buy and sell cryptocurrency via a reliable mobile application. 

Invest in Fixed Deposits 

If you want to make money with minimal risk, you can invest in fixed deposits. You will get guaranteed returns at frequent intervals by investing in fixed deposits. Young enthusiasts who want to become investment bankers should start investing early. Many students opt for distance learning MBA to upscale their investment banking skills. 

How to Learn Investment Banking?

You can join a physical institution for post graduate diploma in banking and finance. However, institutional courses will not offer hands-on learning and flexibility to students. It is why young enthusiasts are shifting towards online investment banking courses. Imarticus Learning is a reliable EdTech firm that provides the best online MBA courses. It offers an MBA in Investment Banking & Equity Research in collaboration with Jain University. This course will help in knowing job-relevant skills to build a career in the investment banking industry. 

Conclusion 

College students can start investing early to understand the importance of financial stability. You can invest in high-risk or low-risk assets to generate a substantial income over time. You can learn more about investment via the online course offered by Imarticus. Start your online MBA course now!  

What’s The Hype Around Mid-Career MBAs?

Posted on by Imarticus Learning

An MBA is a valuable degree for any working professional. As the average age of working professionals continues to rise, more people are looking for different ways to get ahead in their careers. An MBA can provide them with this opportunity by offering invaluable skills to employers, such as project management, time management, negotiation, and analysis. This blog post will discuss the hype around Mid-Career MBAs.

What are mid-career MBAs?

Mid-career MBA is a name given to the MBA courses attended by professionals who have been working for at least ten years before starting an MBA. Classes usually tend to be smaller as they follow those individuals who have already established themselves within their industry and now looking for advanced management education from great institutions.

Are Mid-career MBA’s the same as traditional MBA Degree?

There are a lot of differences between Mid-Career MBAs and MBA correspondence degrees. Let us briefly discuss them:

  • Mid-career MBA programs do not require individuals to have a bachelor’s degree to be admitted, contrary to the MBA correspondence programs, which require a bachelor’s degree. Mid-career MBA programs are shorter in time, usually taking 18 months or less to complete than the traditional MBA, which requires 24 months or close to two years.
  • Mid-Career MBA courses focus more on the practical application of knowledge than theoretical concepts taught at distance learning MBA courses. It means that students can expect more group works and projects during their MBA.
  • Mid-Career MBA programs provide students with knowledge and mentorship than on a high starting salary upon graduation. On average, mid-career MBA programs do not provide for any scholarship or financial aid, while distance learning MBA programs can offer a scholarship in some cases.

Why should mid-career MBAs be considered for leadership positions within your organization?

Although many think of MBAs as a degree for those just graduating college, they accept mid-career professionals who have had some work experience. It is becoming more common to see mid-career MBAs entering the workforce. The average age of full-time MBA students is 27 and part-time students 29, according to Forbes.

A significant issue with hiring people fresh out of college is that they lack fundamental world skills, which can cause problems when trying to manage them. College graduates often leave school thinking they know everything only to find that the real world isn’t like their lecture hall or textbook. Mid-career professionals already have years in the workplace and possess many valuable skills to help them transition into their new roles.

Where can I get an MBA course near me?

Student always has a query to find “best MBA course near me.” There are a lot of different schools that offer Mid-career MBA degrees. The best way to identify which one is right for you is by considering your location and the cost involved in completing an MBA.

Enroll today with Imarticus Learning

This MBA program covers every vital component of the industry while also providing hands-on experience with cutting-edge technologies like APIs, Blockchain, Cloud Computing, AI, Machine Learning, RPA, IoT, and Big Data. The widespread adoption of financial technology has dramatically altered the global economy’s dynamics, leading to a surge in the need for skilled MBA specialists.

Some course USP:

  • The MBA course lets the students learn job-relevant skills that prepare them for an exciting career.
  • Impress employers & showcase skills with a certification endorsed by India’s most prestigious academic collaborations.
  • World-Class Academic Professors to learn from through live online sessions and discussions. It will help students understand the practical implementation with real industry projects and assignments.

Contact us through the live chat support system or schedule a visit to training centers in Mumbai, Thane, Pune, Chennai, Bengaluru, Hyderabad, Delhi, and Gurgaon.

Plastic money to Internet Banking to UPI: Dissecting India’s Digital Banking landscape

Posted on by Imarticus Learning

With the reach of the internet extending to almost every corner of the country, people have started using digital banking more and more. From your nearest alley shop to malls to ticket and hotel bookings and bill payments, you can use it everywhere.

It saves time and also lessens the risk and hassle that comes with carrying large amounts of cash a lot. There are three main types of cashless payments that have taken over the country. Such as plastic money, internet banking, and UPI.

Banking and finance courses after graduation have been popular in this country for a long time. A lot of good institutions in India provide a good certificate course in banking and finance. Imarticus Learnings too has a compact certificate program that can give you all the leverage you need for a career in new-age banking.

What is digital banking? 

Digital banking basically refers to the process of cashless payments. Either through debit/credit cards or internet banking and UPI.

A story of constant growth

Although the massive transformation to cashless modes of payment came to a head during the demonetization campaign, the actual evolution began a long time ago. First with plastic money, then gradually with e-banking, and later as a modified result with UPI. Here, we are going to talk a little about how it started in the beginning, and where it is now.

Plastic money: Debit/credit cards have been in the market for the longest time. The major change started happening in 2001-2002 when the number of card transactions rose consecutively with a whopping $2.277 billion and $4.201 billion respectively. Which is about 69% and 103%. In the beginning, the main chunk of transactions happened to purchase jewelry, which later with the changing habits of Indian households turned to ticket purchasing and bill payments. 

Internet banking: E-banking first came into play with the RBI constituted Saraf Committee’s proposal of using EFT in 1994. ICICI Bank became the pioneer of e-banking by first using it in 1996. Citibank, IndusInd, and HDFC bank followed them in 1999. From the arrival of card-based transactions in the late 1980s to the early 1990s to the later evolution of CTS in 2008 to the present day mobile banking where you can do most of your work with a click on your phone, it has come a long way.

UPI: UPI has proven to be the best mode of true cashless payments in these covid ravaged times. It too came a long way from 2016 when it was introduced and only 21 banks agreed to go live and today in 2021 when 216 banks are live on this platform. The main players PhonePe, and Google Pay have topped the charts with about 43.9% and 35% of total transaction volume. Paytm made a close third with about 401.16 million transactions.

Conclusion

Banking has evolved a lot in the last few years with the introduction of these new and faster methods. Banking as a career has always been popular, which is why a lot of people opt for banking and finance courses after graduation. Check out Imarticus Learnings’ certificate course in banking and finance if you are thinking about a career in new-age banking.

Did you know enrolling for these online MBA courses gets you a whole host of exclusive benefits?

Posted on by Imarticus Learning

We live in a time when everybody desires an MBA! It has become a norm, and people make that choice without fully understanding why. That is most likely why business schools ask the same question in their MBA applications and interviews.

 While it is extremely important to figure out why you want to pursue it as a career after graduation, it is equally important to enrol yourself somewhere reliable. There are many courses that promise you a lot of perks, but end up delivering nothing. Those of you who are unable to go for a full-time MBA course should consider distance learning MBA programmes.

Here are two of the best online MBA courses that will help you shape a good career:

 MBA in Fintech:

  1. This FinTech MBA online course includes all the key components of FinTech as well as provides you hands-on experience with leading technologies, including API, Blockchain, Cloud Computing, AI, Machine Learning, RPA, IoT and Big Data.
  2. On enrolling to this JAIN Online MBA in FinTech, you will be given access to five professional courses on LinkedIn. Each course is meant to broaden your understanding of essential FinTech components through an easy online learning experience, boosting your ability to comprehend complicated FinTech subject matter during the main MBA course.
  3. This JAIN Online MBA in FinTech learning experience is given using the four quadrants strategy, resulting in optimal learner engagement. Each quadrant has 120 hours of learning, two-way live online classes, pre-recorded lectures on their Learning Management System (LMS), student conversation forums on the LMS, comprehensive e-content & printed material for in-depth comparisons, self-study tasks, case studies, et al.
  4. This MBA in Investment Banking & Equity Research includes significant student mentoring programmes. One can take advantage of the weekend Virtual Mentoring Sessions while simultaneously attending doubt resolving sessions with lecturers during live lectures or on the Learning Management System discussion boards.
  5. Along with feedback on Resume Writing and Interview Prep, they offer a specialised Corporate Relations Team to help one find the ideal career path. The Corporate Relations Team provides regular feedback on the CV and social media profiling, as well as 1-on-1 Mock Interview Sessions.

MBA in Investment Banking:

 This distance learning MBA course, just as the aforementioned course, grants you a host of benefits which include:

  1. This Investment Banking MBA Programme covers every key facet of the industry. This course helps you learn Accounting, Financial Analysis, Economics & Markets Principles, Investment Banking Operations, and a lot more.
  2. As part of this forward-thinking programme, you will have ongoing access to the university’s lab environment, allowing you to put theory into practice.
  1. Following completion of your Investment Banking MBA, you will receive exceptional career support and job placement options from both JAIN University’s Relations Team and Imarticus Learning’s specialised Placement Team.

Conclusion:

 These two are one of the best online MBA courses you’ll find, and both of them are acknowledged by the UGC. They give you a whole bunch of benefits which you can enjoy while juggling between your work as well as academics. If you are looking for a lucrative career after graduation, then give this a shot!

 

MBA Entry, no longer CAT-centric- An Opportunity for Executives working from home!

Posted on by Imarticus Learning

The MBA admission process has changed drastically over the past few years, with the CAT (Common Admissions Test) becoming less and less of a focal point for admissions officers. Instead, colleges are now looking at more holistic measures to assess potential students, including essays, work experience, extracurricular activities, and leadership positions.

This shift in focus is directly related to an uptick in applicants and colleges fighting over limited resources like funding and qualified staff members. Professionals always doubt what to do after B.COM. This blog post will guide you about the online MBA course.

Current Trend of Business Schools

The current trend among business schools is to use these alternative assessment methods to understand better who will be successful within their programs. The latest trend in MBA admissions is to look beyond applicants’ test scores and focus on a more holistic picture of their people. There is a shift away from purely quantitative measures of success, such as students’ undergraduate grades and MBA entrance exam scores.

How does an online MBA address the learning need of executives working from home?

One of the biggest challenges working executives face is staying on top of their continuing education and professional development. Graduate professional biggest question is what to do after B.com thus gets solved with an online MBA course.

Students can travel and work extended hours, leaving them with limited time at home to do an MBA degree. It has led many to search for MBA courses online, where they can take classes at the comfort of their space at any time and still get the knowledge and certification they need.

MBA correspondenceFor many working professionals, staying current with their continuing education and professional development can be challenging because of limited time at home.

Working professionals often turn to MBA correspondence to get the necessary knowledge and skills without sacrificing jobs. This way, they still get the knowledge and certification they need but still stay up to date with their professional development.

This change in focus is directly related to an uptick in applicants and an increase in schools fighting over limited resources like funding and qualified staff members. As such, many MBA correspondence programs are looking for ways to expand their reach to capture a larger pool of prospective students, and this is where the shift towards non-CAT measures comes into play.

Why Enrol in MBA program with Imarticus Learning

The widespread adoption of financial technology has dramatically altered the global economy’s dynamics, leading to a surge in the need for skilled FinTech specialists. The 4 Quadrants strategy use to deliver the learning experience for this best online MBA course in FinTech, leading to optimum active learning. Personal and group assignments, programming exercises, and thesis all provide opportunities for hands-on education.

Some course USP:

  • The course lets the students learn skills that prepare them for an exciting MBA career.
  • Impress employers & showcase skills with a certification endorsed by India’s most prestigious academic collaborations.
  • World-Class Academic Professors to learn from through live online sessions and discussions. It will help students understand the practical implementation with real industry projects and assignments.

Contact us through the live chat support system or schedule a visit to training centers in Mumbai, Thane, Pune, Chennai, Bengaluru, Hyderabad, Delhi, and Gurgaon.

Trade Finance Methods & Types Explained in Detail

Posted on by Imarticus Learning

Trade Finance Methods & Types Explained in Detail

Trading finance is basically the funding of financial assistance that is provided to businesses worldwide by the means of financial tools. International trade finance in itself is like an umbrella, under which a variety of financial products exist. All of them are structured to ease up how a business is executed for traders globally. As with all wings of business, trade finance has also gone through a series of upheavals because of the crisis faced by the world.

trade finance coursesThe end result is disruption of costs, increased rules and regulations on both exports and imports not just globally but also domestically. This is why a career in finance has always been sought after in this country.

The only way to do it is to get enrolled in banking courses in India after graduation. Imarticus Learning provides a solid solution for it in the form of their PG program.

Coming back to trade finance, managing supply chain and suppliers is one of the most important things to trade finance. The reason is most of the trading around the world happens as a result of a merging of both pre-export and post-export finance tools. There are a few types of trade finance that need to be addressed here. Such as:

Advance payment

It is basically a pre-export type of trade finance that requires full payment from the importer even before the items are delivered. It, unfortunately, runs the risk of undelivered items on the buyer’s side and credit risk on the supplier’s side.

 Business loans

Business loans or working capital loans are funded by banks or funding organizations. They are basically used to afford the upfront short-term costs of a business. From raw materials to labor costs, these things are funded through a business loan. They are short-term loans and company assets are kept as a warranty of repayment.

Letter of credit

It is easy to use and mostly available in current accounts of businesses. It permits a business to overdraw with terms and conditions applied by the funder. It is simple and flexible to use, however, credit lines do get extended because of it. The only thing to worry about is making sure that the company does not get charged with a peak interest rate.

 Factoring in invoice

 It is a post-export type of trade finance that depends on receivables. It is used to free up working capital by using invoices to optimize a balance sheet. It ensures about 80% immediate payment and depends on short-term receivables. The buyer pays the funder, the supplier receives. Then they receive the remaining balance provided by the funder after the discount is deducted.

 Forfaiting

 It is also based on receivables and the way to distinguish it from factoring is by the time period of the financing. Basically, a virtual deduction of risks takes place by the supplier after the buyer receives the items. The receivables are supported by the buyer’s funder, permitting the buyer to withdraw the exchange from the balance sheet. Which in turn, backs up the financial ratios.

 Conclusion

Trade financing can be used as a tool to lessen the risk factor that comes with a trading business. The only way to do it is with proper finance tools, which need a proper skillset. Enrolling in banking courses in India after graduation would be a good idea if you want to get into financing. A lot of institutes offer PG degrees in finance in India, such as Imarticus Learning’s PG program.

Impact of Retail Banking on Indian Economy & its Benefits to Banks in 2021

Posted on by Imarticus Learning

Retail banking is a financial institution’s direct interaction with consumers. Typical services: savings and transaction accounts; mortgages; personal loans; debit and credit cards, among others. Working mechanism: The Law of Large Numbers Aids in determining the success of multi-level marketing operations due to its wide appeal among customers. Distribution – branch, channels Branding Customer service

The phrase is most often used to distinguish consumer-facing financial services from investment banking, commercial banking, and wholesale banking. It may also be used to refer to a bank’s section that handles personal customers.

The Impact of Retail Banking In Indian Economy

In India, retail banking has long been a reality. It has always been present in India in one form or another. For many lenders, the most recent years have seen it become synonymous with traditional banking. Housing loans, durable goods consumption loans, automobile loans, credit cards, and educational loans are among the typical services offered by Indian retail banks.

To promote their products, different banks offer attractive brand names to distinguish the goods provided by various lenders. According to the Report on Trend and Progress of India, 2003-04, loan values of these retail lending are typically below Rs.20,000 to Rs.100. The loans are generally for five to seven years with housing loans available for a longer term.

In the realm of e-commerce, credit cards are also a fast-growing subsector. With retail portfolio accounting for 21.5% of total outstanding loans as of March 2004, retail lending has become a key profit source for banks. The overall loan impairment ratio was lower than the gross NPA ratio for the entire loan portfolio in recent years.

Investment Banking Course

Benefits of Retail Banking for Banks

Banks have access to benefits in retail banking that fintechs do not, namely the ability to cross-sell products and services based on existing customer lending behavior and demographics.

“Retail banks rely primarily on cross-selling products to their customers for growth; while third party providers must acquire a new clientele through marketing.”

This is particularly true if we consider that one of the main advantages of using financial technology solutions is their cost reduction compared with traditional banking fees. And yet, many of these solutions will always want to act as an intermediary between a bank and its clients (and their data). It’s no wonder why today’s top ten tech companies are also investing in developing innovative financial services.

Start Your Career in Retail Banking

Join Imarticus’ hosted PGP program in New Age Banking in association with JAIN University.

Enroll in the retail banking course and earn a diploma in banking and finance.  Be industry prepared and secure your career with Imarticus learning today!