Hi....A very lame question I know...but still...
I am interested in HRM and also Finance sector. Thus I plan to do MBA in HR this year and then alongside or later clear CFA. Is it viable??? Or am I just dreaming???
Hi puys, Came across a certification offered by NSE on banking. My majors are going to be marketing and minors operations. I am mostly going to take Banking as one of my electives in 2nd year out of interest.
Can someone guide me whether this certification would help while appearing for any bank for sales and marketing profile during final placements? Would it dilute my Resume by any chance ?
Valuable feedback would be heartily appreciated.
Hi puys, Came across a certification offered by NSE on banking. My majors are going to be marketing and minors operations. I am mostly going to take Banking as one of my electives in 2nd year out of interest.
Can someone guide me whether this certification would help while appearing for any bank for sales and marketing profile during final placements? Would it dilute my Resume by any chance ?
Valuable feedback would be heartily appreciated.
Check this thread http://www.pagalguy.com/discussions/ncfm-certification-exam-nse-india-25029642
NSE's certification is just an add on certificate. right now there are 2 modules by NSE in banking but i guess u must have studied them in college. so its upto to u to decide
Hi....A very lame question I know...but still...
I am interested in HRM and also Finance sector. Thus I plan to do MBA in HR this year and then alongside or later clear CFA. Is it viable??? Or am I just dreaming???
Any feedback???
Hi
I am a graduate B.com P from delhi univ....and sitting idle from last 2 years...This year i have planned to write CAT.....But i am also worried about this gap and want to improve my profile through Work ex.....
Can some one tell me which job should i look for i mean which sector? i am really confused also little scared about job timing as it may hamper my studies...though i havent started preparing.....
Please help me!!
I am a graduate B.com P from delhi univ....and sitting idle from last 2 years...This year i have planned to write CAT.....But i am also worried about this gap and want to improve my profile through Work ex.....
Can some one tell me which job should i look for i mean which sector? i am really confused also little scared about job timing as it may hamper my studies...though i havent started preparing.....
Please help me!!
Hi....A very lame question I know...but still...
I am interested in HRM and also Finance sector. Thus I plan to do MBA in HR this year and then alongside or later clear CFA. Is it viable??? Or am I just dreaming???
Oh, you are interested in 2 fields which have no relation to one another. Since you are yet to join a MBA, you have to decide where your interests lies. If you are not sure, you can always join a general MBA and later opt for Finance or HR. Joining a HR college if you are interested in Finance would obviously be a wrong choice.
But if you are just looking to work in the Finance Sector as a HR, you dont need a CFA. CFA is a very rigorous course and it is not worth doing if you are into HR.
Hope that helps
The Profiles offered are:
At entry level Analyst profiles offered: Difference could be Credit Research Analyst, Equity Research Analyst or Research Analyst, Analyst : Risk Management, Commodity Research analyst
Fund Manager , Wealth Management , Portfolio Management at financial institutions which is a mix of marketing and finance
Management Trainee profiles at the entry level in PSU Banks , from there on Class 1 or Class 2 officers , Associate Vice President is also offered in good b-schools
As i said the accounting is the first step , so one must understand concepts of financial accounting to move to the next step of understanding concepts of finance
I would suggest start off from basics , like reading 11 or 12th class accounting , if one wants to start early
For conceptual knowledge i think reading about the following would help
1. Financial Institutions in the market
Commercial Banks
Insurance Companies
Mutual Funds
Provident Funds
Non Banking Financial Companies
2. Suppliers and demander of Funds
Individuals
Businesses
Governments
3. Understanding financial Markets such as Money Market/ Capital Markets , primary/secondary , debt /equity
4. Understanding financial instruments such Equity Shares, preference shares , debentures , bonds , loans ,Depository Receipts etc
One can search on Wikipedia. Investopedia.com for understanding above and NCFM modules can help you with these concepts as well
CFA and NCFM has lot of difference in terms of focus , CFA is something that starts from accounting concepts , accounting principles , and goes into depth of each and every concept, it is a world renowned certification , with an average pass percentage of 30-35%
NCFM is good for basic understanding of financial concepts pre-MBA, is not of much value add during or Post MBA , where CFA is , you can get more info on the dedicated thread for CFA :)
Difficulty level is subjective , i for one didn't find finance difficult or monotonous at all , whatever i have studied in first year , has been really great :), so its based on perception from person to person, commerce background students have an advantage as they are familiar with the accounting concepts and hence are a step ahead of engineers , but having said that our batch topper in finance is a dentist , so i dont think profile matters over interest :)
Number crunching is an integral part of finance from understanding annual reports to finding feasibility of a project , everything is based on calculation of numbers :)
@Abhi: It was really an interesting post made, Also it would be really good to have the age group profile of ppl opting for finance. With or without any prior experience,if we can have someone to answer
Oh, you are interested in 2 fields which have no relation to one another. Since you are yet to join a MBA, you have to decide where your interests lies. If you are not sure, you can always join a general MBA and later opt for Finance or HR. Joining a HR college if you are interested in Finance would obviously be a wrong choice.
But if you are just looking to work in the Finance Sector as a HR, you dont need a CFA. CFA is a very rigorous course and it is not worth doing if you are into HR.
Hope that helps
Yes..i know the 2 fields are different.I like finance more but then I like HR work too...!! :(
Nyways, thanx for the reply 😃
Yes..i know the 2 fields are different.I like finance more but then I like HR work too...!! :(
Nyways, thanx for the reply :)
It will be better for you to stick to finance to grow better in the industry
Yes..i know the 2 fields are different.I like finance more but then I like HR work too...!! :(
Nyways, thanx for the reply :)
Finance is a big stream you can go any field but in HR you cant do that..
What is the diffreence between bank rate and repo rate? In both the cases RBI lends money to banks then how we can make distinction for repo rate that money lended is to meet the gap between demand and supply of bank.
yrahul_2004 SaysWhat is the diffreence between bank rate and repo rate? In both the cases RBI lends money to banks then how we can make distinction for repo rate that money lended is to meet the gap between demand and supply of bank.
Both the rates are very similar as they are the rates at which RBI lends money to the commercial banks, so I will put the difference in simple words
For borrowing under repo rate , banks need to submit/sell securities, whereas for bank rate they dont have to.
yrahul_2004 SaysWhat is the diffreence between bank rate and repo rate? In both the cases RBI lends money to banks then how we can make distinction for repo rate that money lended is to meet the gap between demand and supply of bank.
1. Do u know the full form of REPO?
REPO = (REP)urchase (O)rder. If a Bank A wants money from Bank B it will sell its securities and get money in return along wid an obligation to REPurchase its own securities. So there is an involvement of securities in repo unlike in bank rate.
2. Repo is for shorter duration(say 3 days) and bank rate can be for longer duration.
These r 2 main differences. Another common (and wrong in a way) definition of Repo Rate is " Rate at wich RBI lends"...well its NOT compulsory for RBI to be a counterparty...it can be between any 2 banks..simple.
If you are someone who dreads going over bulky books to get a hang on Basics in Finance then this link is definitely for you:w00t:
Educational Financial Videos - Investopedia Videos
Easy & simple way to understand financial terms & concepts across various categories
:w00t:Re-quoting this post for the benefit of the aspirants preparing for GDPIs
Both the rates are very similar as they are the rates at which RBI lends money to the commercial banks, so I will put the difference in simple words
For borrowing under repo rate , banks need to submit/sell securities, whereas for bank rate they dont have to.
Adding to this i guess bank rates are in some way affected by changes in repo rate..as in if there is a cut in repo rates then bank rates tend to fall too...this was one of the reasons stated fr bringing down the CRR rather than decreasing the repo rate...so as to increase the liquidity but not to increase the inflationary pressures...plz correct me if am wrng 😃
severus "snits" SaysAdding to this i guess bank rates are in some way affected by changes in repo rate..as in if there is a cut in repo rates then bank rates tend to fall too...this was one of the reasons stated fr bringing down the CRR rather than decreasing the repo rate...so as to increase the liquidity but not to increase the inflationary pressures...plz correct me if am wrng :)
I dont think you have ever been wrong mr.RBI officer
.. Jus to add to it ,Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) can be reduced to increase the liquidity in banks . But the expense for this move would be demand for Government securities might come down a little .
Just in case anyone doesnt know whats CRR and SLR ,
CRR is the part of deposits that banks have to keep as cash with the RBI .
SLR is the percentage of deposits that banks have to invest in Government securities.
Present rates (AFAIK) :
CRR : around 6%
SLR : around 25%
experts : pls correct me if above figures are wrong
I dont think you have ever been wrong mr.RBI officer
Jus to add to it ,Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) can be reduced to increase the liquidity in banks . But the expense for this move would be demand for Government securities might come down a little .
Just in case anyone doesnt know whats CRR and SLR ,
CRR is the part of deposits that banks have to keep as cash with the RBI .
SLR is the percentage of deposits that banks have to invest in Government securities.
Present rates (AFAIK) :
CRR : around 6%
SLR : around 25%
experts : pls correct me if above figures are wrong
No Intention to create blasphemy by correcting Naga saar:|, but a couple of corrections.
CRR: 5.5%
SLR 24%
Though the difference was only 0.5% it amounts to 32,000 crores and was a recent cut by RBI, so ppl preparing for GD/PIs should be aware of this change
Also regarding the definition of SLR:
Its not just Government securities, it also includes other liquid assets like cash and gold.
Say, the bank borrows 100rs, atleast 5.5rs of cash has to be maintained, and the remaining 18.5 rs can be in government bonds, gold or even cash
No Intention to create blasphemy by correcting Naga saar:|, but a couple of corrections.
CRR: 5.5%
SLR 24%
Though the difference was only 0.5% it amounts to 32,000 crores and was a recent cut by RBI, so ppl preparing for GD/PIs should be aware of this change
Also regarding the definition of SLR:
Its not just Government securities, it also includes other liquid assets like cash and gold.
Say, the bank lends 100rs, atleast 5.5rs of cash has to be maintained, and the remaining 18.5 rs can be in government bonds, gold or even cash
To Add from official sources.....http://rbidocs.rbi.org.in/rdocs/notification/PDFs/55663.pdf
No Intention to create blasphemy by correcting Naga saar:|, but a couple of corrections.
CRR: 5.5%
SLR 24%
Though the difference was only 0.5% it amounts to 32,000 crores and was a recent cut by RBI, so ppl preparing for GD/PIs should be aware of this change
Also regarding the definition of SLR:
Its not just Government securities, it also includes other liquid assets like cash and gold.
Say, the bank lends 100rs, atleast 5.5rs of cash has to be maintained, and the remaining 18.5 rs can be in government bonds, gold or even cash
Just a quick clarification from Roger Federer and fellow puys.
Like mentioned by Federer , out of Rs. 100 , 5.5 would be deposited with the central bank as CRR requirement.
1.Now as far as SLR is concerned , firstly would it too be calculated on the same Rs.100 ( since those 100 rupees are the liquid cash and not the asset value). Say if a bank has 100rs in cash and 50 rs worth of gold and bonds. What would happen in that case. Will we consider 5.5% of 100, 24% of 50 or 29.5% of 150 ?
2. Also is SLR inclusive of CRR. Even if we are considering 100rs to be the total amount with the bank (including cash and monetary value of assets), would it be 24 + 5.5 =29.5 or 18.5 +5.5=24?
Just a quick clarification from Roger Federer and fellow puys.
Like mentioned by Federer , out of Rs. 100 , 5.5 would be deposited with the central bank as CRR requirement.
1.Now as far as SLR is concerned , firstly would it too be calculated on the same Rs.100 ( since those 100 rupees are the liquid cash and not the asset value). Say if a bank has 100rs in cash and 50 rs worth of gold and bonds. What would happen in that case. Will we consider 5.5% of 100, 24% of 50 or 29.5% of 150 ?
2. Also is SLR inclusive of CRR. Even if we are considering 100rs to be the total amount with the bank (including cash and monetary value of assets), would it be 24 + 5.5 =29.5 or 18.5 +5.5=24?
1. The 100rs example was just random,it doesnt depend on your current assets, its 5.5% of all the NetDemand and Time Liablities, now here Demand Liablities include net of amounts to be paid(Customer's Current Accounts, Savings accounts, loans taken from other banks)- amount to be receieved. Its the same with Time Deposits which include FDs and related interests.
Now both SLR and CRR have the same bases.
2. I am not 100% sure here, but as per me that is how most liquidity ratios are calculated in general. Someone please correct me if I am wrong.
The reason CRR/SLR is so important is coz they have a multiplicative effect. Say the net amount is 100 Crore, and ratio is 10%, here the maximum liquidity potential would be upto 1000 crore, coz the first bank can lend upto 90 crore, and the second can lend upto 81 crore and so on(only Theoretically). So even 0.5% is a lot of money.