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Tag: Retail Banking and Wealth Management Diploma

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!

Covid-19 Impact on Banking Training! How Imarticus Helped The Students To Get Trained and Placed?

Posted on by Imarticus Learning

The banking industry in the COVID-19 landscape  

The Coronavirus pandemic has brought almost all economic activities to a standstill. To protect human life from this deadly virus spreading like a wildfire, governments around the globe imposed lockdowns in their respective nations. This pandemic has defined a state of new normal for all of mankind.

Customer behaviour has also changed owing to this pandemic. Some of the positive changes that came along with the state of lockdown are the increase in online shopping, online payments, digital banking, online education, etc. These industries were already growing but the current pandemic scenario has given it a massive push.

Coronavirus outbreak has disrupted businesses in almost every industry, it also had a direct impact on the functioning of the banking and finance industry in addition to the indirect ones that came in the form of economic slowdown and reduced business activity. This economic slowdown has led to a reduction in consumer demand that has impacted small and medium businesses majorly. To stay cash flow positive and manage their operations, these businesses have to rely on financial aid provided by banks and financial institutions.

The Coronavirus pandemic has drastically impacted business across the majority of industries and has left a dent in the economies but it has also boosted the growth prospects for business in the digital landscape. People are staying inside their homes and are afraid to go out and shop, this has created a huge demand for online shopping and e-commerce companies are benefitting from this like never before. Everything you need can be ordered online using your smartphones by making payment through your digital wallet or other banking services.

Now the interesting thing to note about this growing trend is that it has also boosted the prospects for the banking and financial services industry. It has given a major push to digital banking services and people are getting more accustomed to making financial transactions online using their smartphones. This has created a demand for qualified professionals in the banking and financial services industry. This employment opportunity has also increased competition among candidates.

Wealth management course can help you provide a comprehensive understanding of the banking and finance industry. It is very beneficial for those look to excel in commercial banking related roles, it will help you obtain an edge over your competition by imparting you with relevant knowledge and skills needed in the industry. Commercial banking training has seen a surge in demand in the contemporary COVID-19 scenario as there is a huge demand for professionals in the commercial banking industry to cater to the growing needs of the customer.

This has happened because we are moving towards a cashless economy and more people are transacting using progressive services such as a digital wallet. This has reduced the dependency for cash transactions and has resulted in more number of banking transactions. The fear of the spread of Coronavirus has also added to this changing customer behaviour, to be safe from the risk of contamination, people are relying on using the digital medium to purchase everything.

 Bridging the gap with Imarticus

Banking is an essential service for businesses and individuals alike; our dependency on money is such that we can’t survive without the services of the banking sector. Even during the times of Coronavirus, we need banking services. The demand for professionals in the banking and related sector is still on the rise even when most other businesses continue to fail.

Wealth Management coursesImarticus Learning’s banking and wealth management courses have helped people to learn about this industry and obtain a thorough understanding of the functioning of this sector.

The courses are focused on providing a practical understanding of the subject so that the candidates are trained to do the job even without any additional assistance from the organisations. This has also reduced the training cost for organisations that rely on the services provided by Imarticus. Imarticus has helped over 8000 professionals to get placed with some of the most reputed organisations in the industry including Deutsche Bank, Citi Bank, Axis Bank, Kotak Mahindra, Reliance Capital, etc. The courses are specifically created to help with your employment prospects. Wealth management course with Imarticus will definitely help you achieve your career goals.

A Beginners’ Guide Investing in The Stock Market

Posted on by Imarticus Learning

There is no better way to learn than by doing. So we at Imarticus Learning believe that the best way to prepare for an interview for Corporate Finance jobs is to actively invest in the market in whichever way possible thereby putting some ‘skin in the game’, which ensures you know what’s going on. While FMVC and our Diploma in Corporate finance focus on Interview Prep using mock interviews and providing sample questions, we always encourage our students to actively participate in the stock market by opening Phantom Accounts.
Before you begin actively investing, you need to answer a few questions :

1. What are you doing this for? If you are doing it for the course, we advise you to open a phantom account, which essentially means you do everything but invest real money. Regardless of if you open a phantom account or the real thing, the following steps will help.
2. What kind of investor are you? Are you a risk taker, risk-averse, or a little bit of both? This is what we call investor profiling and we delve into this a great deal in our Retail Banking and Wealth Management Diploma, one of India’s leading programs/courses in Retail Banking and Wealth Management. Being a risk taker is simple. It requires a strong stomach and a healthy attitude to losing some money because the equity market is volatile. While you will be making decisions based on sound analysis, sometimes things go wrong and you could lose all your capital, hard earned money you have been saving for a long time. How do you feel about that? If you shudder at the thought and think you will lose a lot of sleep then you are probably risk averse. Once you realize this, you can then invest your portfolio keeping that in mind and put aside a small amount for risky ventures that offer spectacular returns and perhaps put the rest in conservative investments with lower returns.
3. How much time do you have? Picking stocks is hard work and there’s a reason why Mutual fund managers get paid so much to do it. So if you don’t have the time, we suggest starting out with an index fund like Franklin India Index or HDFC Index Fund – Sensex. An index fund is a mutual fund that invests in a predefined stocks of an index in a percentage allocation that resembles the index. Your portfolio could be a mix of different index funds, NSE Small caps, BSE Sensex and maybe even an international index fund.
4. I want to invest individually. We suggest creating your own index fund and take control of the percentage allocation thereby doing some work of your own while having the Sensex as a guide. If you plan to move away from the index, then create a portfolio of 12-20 well-chosen stocks that are extremely well covered and have excellent investor relations.
Here are some broad rules
a. Don’t put all your eggs in one basket or one sector
b. Understand the concept of defensive stocks and cyclicality
c. Don’t completely trust your broker but aim to create a good relationship
d. If you plan to invest using an online platform- the preferred method, then remember to read, research and plan meticulously and keep a record and mark to market regularly
Our next blog post will focus on the technicalities of opening your first account as well understanding various stock market terminology.