State Bank of India
Financial results of several public and private sector banks in India are hitting the headlines every day; some released their Q4 and some others about the full year too. By and large all the banks are showing encouraging results which is also impacting the share market. While I am waiting for some more information to pen down my comments / observations on the industry, SBI results are yet to hit news.
In the mean time, I came across some information from the monthly bulletin - April 2010 of SBI Pensioners Association-Hyderabad. It captured some achievements of SBI in recent past. These are:-
01. SBI has been chosen as a recipient of High Performance Brand of the Year 2009 by AIMA (All India Management Association - New Delhi) for R.K. Swamy High Performance Award.
02. SBI ranks 7th in "Best Companies to Work For" - Business Today (February 7, 2010)
03. State Bank of India awarded Technology Bank of the Year award in recognition of outstanding achievements in Banking Technology - IBA Banking Technology Awards 2009
04. State Bank of India declared as the winner for Customer & Brand Loyalty in the "Banking Sector" - 3rd Loyalty Awards (part of the 3rd Loyalty Summit)
05. SBI's ranking has improved to 36 (in 2010) from 70 (in 2009) in the Brand Finance Global Banking 500 by Brand Finance Pic. SBI has become the first Indian Bank to break into the world's Top 50 List.
I am proud to be an SBI-an. My sincere and hearty greetings and congratulations to all SBI-ans too.
Monday, May 3, 2010
Extra Curricular Activities @ TAPMI
TAPMI Manipal
No doubt, academic rigour is the USP at TAPMI, Manipal. However, Management Students at Post Graduate level in an autonomous B-School learn many things hands on and outside the class room. Right from the first day, they are subjected to work in groups under the mentorship of a Faculty Member. Team Work is a buzz word throughout the two years of they stay on campus. Academic world may term it as Corporate Social Responsibility (CSR) but TAPMIans indluge in several social activities too like blood donations on the Republic Day (26th Jan) and Independence Day (15th Aug) every year.
Some students form into a group called OMEGA to associate with the local Micro, Small and Medium Industries and work with them. While understanding their day to day problems in material handling, product designing, marketing and sales, financial concerns and so on, they also offer some workable solutions too. Some of the groups are called Welfare Committee or Social Endeavour Group and so on. These students visit the NGOs, Orphanages, Old age Homes, Villages adopted, etc to render some help.
One of the events last year was visit to a local unit called Balaniketan in Udupi. Lions Club of Manipal members and their families joined in the endeavour. Besides donating funds or physical assets these visitors engaged themselves in spending a full day with the in-mates, planted sapplings, played music and dance or games and so on. It was a thrilling and memorable experience to both sides - the inmates and visitors too. http://www.facebook.com/photo.php?pid=12415567&op=1&view=all&subj=100000225111119&id=789560053
No doubt, academic rigour is the USP at TAPMI, Manipal. However, Management Students at Post Graduate level in an autonomous B-School learn many things hands on and outside the class room. Right from the first day, they are subjected to work in groups under the mentorship of a Faculty Member. Team Work is a buzz word throughout the two years of they stay on campus. Academic world may term it as Corporate Social Responsibility (CSR) but TAPMIans indluge in several social activities too like blood donations on the Republic Day (26th Jan) and Independence Day (15th Aug) every year.
Some students form into a group called OMEGA to associate with the local Micro, Small and Medium Industries and work with them. While understanding their day to day problems in material handling, product designing, marketing and sales, financial concerns and so on, they also offer some workable solutions too. Some of the groups are called Welfare Committee or Social Endeavour Group and so on. These students visit the NGOs, Orphanages, Old age Homes, Villages adopted, etc to render some help.
One of the events last year was visit to a local unit called Balaniketan in Udupi. Lions Club of Manipal members and their families joined in the endeavour. Besides donating funds or physical assets these visitors engaged themselves in spending a full day with the in-mates, planted sapplings, played music and dance or games and so on. It was a thrilling and memorable experience to both sides - the inmates and visitors too. http://www.facebook.com/photo.php?pid=12415567&op=1&view=all&subj=100000225111119&id=789560053
Sunday, May 2, 2010
TAPMI in Pagalguy.com
http://www.pagalguy.com/?p=900
About three years ago, pagalguy.com published an Interview with Director, TAPMI, Manipal. Various issues related to Admissions, Placements, Faculty strengths, Electives offered, New Campus, Challenges faced and Discipline at TAPMI were discussed at length in 2007. Much water has flown in the last three years and several changes have taken place since then.
TAPMI moved into its new Campus in January 2009. Dr Saji Gopinath (from NIT-K and IIM-K) assumed charge in March 2009. Finance wing is equally equipped with highly qualified and experienced Faculty members. The campus is a modern, world-class, fully residential, with wi-fi and other tech facilities located in a 42-acre area. It has a Knowledge Centre (modern Library and IT wings) inaugurated by Dr Montek Singh Ahluwalia. The Students Centre has all the amenities like Cafetaria, Campus Stores, Yoga Centre, Indoor Games, etc. 10 Guest Rooms are fitted with TV, A/C and Wifi facilities. Regular transport facility is available to all Staff, Faculty and Students from Tiger Circle. Residential apartments for Faculty & Staff as also Auditorium are under construction in the last phase.
TAPMI is in the growth trajectory. A new 11-month program e-Governance for Executives (eGPX) was launched in April 2009 in collaboration with NISG-Hyderabad (off shoot of NASSCOM) and supported by Department of IT, Government of India, which was well received by 31 participants from State Governments and private corporate world. TAPMI is partnering with Manipal University to offer a new program during the year 2010 called Masters in European Studies & Management administered by Manipal Centre for European Studies (MCES) which is funded by European Union.
Efforts are also on to increase the intake in the PGP (the flagship program) and also introduce three new 2-year (fully residential) PG Programs in Health Care Management, Banking & Financial Services and International Business in the current year - all through the normal process of CAT scores followed by GD/PI Selection mechanism. For this purpose, Faculty Members and Director/Deans of TAPMI travelled to New Delhi, Mumbai, Kolkata, Hyderabad and Bangalore to conduct interviews besides in Manipal during the month of April 2010.
Faculty - Alumni meets are also being held in a big way at Delhi, Mumbai, Bangalore as part of involving the important stake-holders in TAPMI's efforts of scaling up in the years to come. Curriculum design / revision takes place on an ongoing basis in consultation with Industry professionals and Alumni to include contemporary topics in the program. TAPMI has been participating in almost all B-School Rankings since 2009 to increase its visibility to all the MBA aspirants as also the recruiters.
About three years ago, pagalguy.com published an Interview with Director, TAPMI, Manipal. Various issues related to Admissions, Placements, Faculty strengths, Electives offered, New Campus, Challenges faced and Discipline at TAPMI were discussed at length in 2007. Much water has flown in the last three years and several changes have taken place since then.
TAPMI moved into its new Campus in January 2009. Dr Saji Gopinath (from NIT-K and IIM-K) assumed charge in March 2009. Finance wing is equally equipped with highly qualified and experienced Faculty members. The campus is a modern, world-class, fully residential, with wi-fi and other tech facilities located in a 42-acre area. It has a Knowledge Centre (modern Library and IT wings) inaugurated by Dr Montek Singh Ahluwalia. The Students Centre has all the amenities like Cafetaria, Campus Stores, Yoga Centre, Indoor Games, etc. 10 Guest Rooms are fitted with TV, A/C and Wifi facilities. Regular transport facility is available to all Staff, Faculty and Students from Tiger Circle. Residential apartments for Faculty & Staff as also Auditorium are under construction in the last phase.
TAPMI is in the growth trajectory. A new 11-month program e-Governance for Executives (eGPX) was launched in April 2009 in collaboration with NISG-Hyderabad (off shoot of NASSCOM) and supported by Department of IT, Government of India, which was well received by 31 participants from State Governments and private corporate world. TAPMI is partnering with Manipal University to offer a new program during the year 2010 called Masters in European Studies & Management administered by Manipal Centre for European Studies (MCES) which is funded by European Union.
Efforts are also on to increase the intake in the PGP (the flagship program) and also introduce three new 2-year (fully residential) PG Programs in Health Care Management, Banking & Financial Services and International Business in the current year - all through the normal process of CAT scores followed by GD/PI Selection mechanism. For this purpose, Faculty Members and Director/Deans of TAPMI travelled to New Delhi, Mumbai, Kolkata, Hyderabad and Bangalore to conduct interviews besides in Manipal during the month of April 2010.
Faculty - Alumni meets are also being held in a big way at Delhi, Mumbai, Bangalore as part of involving the important stake-holders in TAPMI's efforts of scaling up in the years to come. Curriculum design / revision takes place on an ongoing basis in consultation with Industry professionals and Alumni to include contemporary topics in the program. TAPMI has been participating in almost all B-School Rankings since 2009 to increase its visibility to all the MBA aspirants as also the recruiters.
Trend of Securitisation in India
DISTRIBUTION PATTERN
Trend in structured Finance (securitisation) in select categories
Category 2006 2007 2008 2009 2010
Asset backed securities 17850 23420 31320 13580 20970
loan sale-offs 2100 11900 31820 36440 14580
Total issuances 24960 36930 63730 54470 42590
Per cent growth (%) 48 73 -15 -22
Figures in Rs crore at end of March Source: Icra estimates
The above data is from ICRA estimates appeared in an article in The Business Standard of April 27, 2010 (http://www.business-standard.com/india/news/securitisation-market-slips-again-in-fy10/393090/&com=y). Securitisation is a product in use in Indian markets for at least twenty years but has not been very popular. May be due to lack of awareness among finance professionals and decision makers in the commercial banks or guidelines from the regulators. The growth trend in 2006-07-08 has become negative in last two years 2008-09-10 presumably attributed to the global meltdown.
May be the bankers and other players have become extra cautious during the recessionary period. But, thanks to the conservative or cautious approach of the Indian Banking system, the meltdown has not affected them so severely as compared to their USA counterparts. More than 100 commercial banks in US have either closed down or bailed out whereas nothing of that sort happened in India. Indian banking system has been sound and robust. Deposit and Credit growth has been on the normal trends in India.
Trend in structured Finance (securitisation) in select categories
Category 2006 2007 2008 2009 2010
Asset backed securities 17850 23420 31320 13580 20970
loan sale-offs 2100 11900 31820 36440 14580
Total issuances 24960 36930 63730 54470 42590
Per cent growth (%) 48 73 -15 -22
Figures in Rs crore at end of March Source: Icra estimates
The above data is from ICRA estimates appeared in an article in The Business Standard of April 27, 2010 (http://www.business-standard.com/india/news/securitisation-market-slips-again-in-fy10/393090/&com=y). Securitisation is a product in use in Indian markets for at least twenty years but has not been very popular. May be due to lack of awareness among finance professionals and decision makers in the commercial banks or guidelines from the regulators. The growth trend in 2006-07-08 has become negative in last two years 2008-09-10 presumably attributed to the global meltdown.
May be the bankers and other players have become extra cautious during the recessionary period. But, thanks to the conservative or cautious approach of the Indian Banking system, the meltdown has not affected them so severely as compared to their USA counterparts. More than 100 commercial banks in US have either closed down or bailed out whereas nothing of that sort happened in India. Indian banking system has been sound and robust. Deposit and Credit growth has been on the normal trends in India.
Saturday, May 1, 2010
SBI - its different always
Have you noticed the ads of SBI in recent months. Three or four tag lines....Pure Banking - Nothing Else; The Banker to Every Indian; With you all the way. And those creative ads with Great Indians like Rabindra Nath Tagore, et al. I had written on March 20 in this blog about their accomplishments about ATMs and branches............. The Bank always growing younger and younger with innovations and creations, achieving higher results year after after. It is a Giant Bank, of course, of India.
Business Line today carries two news items with captions - 1. Massive drop in bank lending to real estate sector and 2. SBI group bucks the trend; real estate loans up 56% (http://www.thehindubusinessline.com/)
That is State Bank. The details can be read from the link given here.
Why I am still in love with the bank I left in 1993? Donno why. I got a call from a Mumbaikar friend last week for an advice to a TAPMIan who got an offer to join SBI in middle management cadre. This candidate passed out from TAPMI in 2008 and hardly knows me. But my friend Avinash is a high profile academician; he is an Economist, a Fellow in Management from IIM-A, was a senior executive for decades, a Consultant and Director for many companies, a Researcher and highly accomplished Academic too besides a good human being. He knows my past (in SBI) and present (in TAPMI); he likes me and shares his frank thoughts in general whenever we meet in Manipal or Mumbai.
The candidate has been working in a private sector financial consulting company with a plum compensation. He is into equity research. He is now in a dilemma to choose between the lucrative private job and accepting the SBI offer. He sought Avinash's advice who in turn referred him to me. Of course, he gave his gyan and suggested the candidate to consider SBI from long term career growth perspective. In my own style, I sang the song for SBI and host of opportunities ahead of him even up to becoming the Chairman of the bank. The candidate shared his concerns over phone as also through email, which I responded in favour of SBI job. Avinash concurred with my views. It is for the candidate to make up his mind between money and career.
Business Line today carries two news items with captions - 1. Massive drop in bank lending to real estate sector and 2. SBI group bucks the trend; real estate loans up 56% (http://www.thehindubusinessline.com/)
That is State Bank. The details can be read from the link given here.
Why I am still in love with the bank I left in 1993? Donno why. I got a call from a Mumbaikar friend last week for an advice to a TAPMIan who got an offer to join SBI in middle management cadre. This candidate passed out from TAPMI in 2008 and hardly knows me. But my friend Avinash is a high profile academician; he is an Economist, a Fellow in Management from IIM-A, was a senior executive for decades, a Consultant and Director for many companies, a Researcher and highly accomplished Academic too besides a good human being. He knows my past (in SBI) and present (in TAPMI); he likes me and shares his frank thoughts in general whenever we meet in Manipal or Mumbai.
The candidate has been working in a private sector financial consulting company with a plum compensation. He is into equity research. He is now in a dilemma to choose between the lucrative private job and accepting the SBI offer. He sought Avinash's advice who in turn referred him to me. Of course, he gave his gyan and suggested the candidate to consider SBI from long term career growth perspective. In my own style, I sang the song for SBI and host of opportunities ahead of him even up to becoming the Chairman of the bank. The candidate shared his concerns over phone as also through email, which I responded in favour of SBI job. Avinash concurred with my views. It is for the candidate to make up his mind between money and career.
Thursday, April 29, 2010
Golden Temple in South India
It is unbelievable. That there is a Golden Temple in South India. All these days, we only know and hear about Golden Temple in Amritsar in North India. Enough of information is available only about the Sikh Community praying at the Golden Temple.
Last Sunday (the 25th April, 2010), I travelled from Bangalore to Vellore / Kancheepuram along with family and friends by car only to see this new South Indian Golden Temple in Sripuram. It is about 200 km away from Bangalore via Krishnagiri by road. We could not believe the new structure and the environment which was very peaceful. One may visit the site at : http://www.google.co.in/search?hl=en&source=hp&q=golden+temple+vellore&aq=1&aqi=g10&aql=&oq=Golden+Temple&gs_rfai=
The adage 'seeing is believing' perfectly suits this temple. A friend of mine who also visited the place recently says that one gentleman who did his postgraduation (may be MS) in USA and relinquished a plum job opportunity took this religious task and built the Golden Temple. He is referred as Sri Narayani. Unbelievable. You may also view video clippings in youtube : http://www.youtube.com/watch?v=iul-INEUCwk
Last Sunday (the 25th April, 2010), I travelled from Bangalore to Vellore / Kancheepuram along with family and friends by car only to see this new South Indian Golden Temple in Sripuram. It is about 200 km away from Bangalore via Krishnagiri by road. We could not believe the new structure and the environment which was very peaceful. One may visit the site at : http://www.google.co.in/search?hl=en&source=hp&q=golden+temple+vellore&aq=1&aqi=g10&aql=&oq=Golden+Temple&gs_rfai=
The adage 'seeing is believing' perfectly suits this temple. A friend of mine who also visited the place recently says that one gentleman who did his postgraduation (may be MS) in USA and relinquished a plum job opportunity took this religious task and built the Golden Temple. He is referred as Sri Narayani. Unbelievable. You may also view video clippings in youtube : http://www.youtube.com/watch?v=iul-INEUCwk
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