Indian Financial System - Functions of the financial system - Provision for liquidity. - Mobilizing and allocating the saving efficiently and effectively. - Monitoring the performance of the investment. Provide price related information. - Helps in the creation of financial structure that lowers cost of transaction. - Helps in the process of financial deepening and broadening. Indian Financial System Broadly divided under 2 heads - Organised - Unorganised Organised in the sense
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Corporate Finance AIG Accounting Scandal Explained December 8th‚ 2012 ________________________________________________________________________________ On February 9th‚ 2006‚ the SEC and the Justice Department settled with AIG for an amount in excess of $1.6B related to alleged improper accounting‚ bid rigging (defined by Investopedia as a scheme in which businesses collude so that a competing business can secure a contract for goods or services at a pre-determined price)‚ and practices involving
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PROJECT FINAL REPORT ON Agency business model of insurance companies “competitive strategies” BY SUBODH GUPTA (07BS4336) SBI Life Insurance Company Limited Summer Internship Project (Batch of 2009) PROJECT TITLE Agency business model of insurance companies “competitive strategies” A report submitted in partial fulfillment of the requirements of MBA program COMPANY GUIDE FACULTY GUIDE Mr. Suresh Kumar V. Prof. T.N.Ramakumar DSM
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bodies /associations etc. TFCI provides all forms of financial assistance for new‚ expansion‚ diversification/ modernisation projects in tourism industry and/ related activities‚ facilities and services‚ in the following forms: • Rupee Loans • Underwriting of public issues of share/ debentures and direct subscription of such securities • Guarantee for deferred payments and credits raised in India and/or abroad • Equipment Finance • Equipment Leasing • Assistance under Suppliers of Credit • Advisory
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information systems. They also used COBOL programs that were developed in the early 1980s. With regards to their business processes‚ Income does all the work manually. From the agent submitting the forms to branches‚ office services would sort them for underwriting; storage is done by sorting all documents and is put in cartons‚ where all documents are stored in 3 warehouses. Policy writing is in batch process and information was not available to agents and advisors as a result they loss the opportunity to
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explicit cost. Implicit cost is the rate of return associated with forgone opportunities attributed to investments on other projects. Explicit cost is the discount rate that equates to the present value the funds that the company receives from net underwriting costs. In order for the company to determine the average cost of capital‚ it is essential to consider the cost of each method of financing. This will be useful for the company since the profitability of the project will be judged on the basis
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“RECENT DEVELOPMENTS IN BANKING AND FINANCIAL SECTORS-ITS IMPACT ON OTHER SECTORS” SUB THEME: CRM - AN EFFECTIVE TOOL IN INSURANCE SECTOR INTRODUCTION Developing close‚ co-operative relationship with customers is more important in the current era of intense competition and demanding customers‚ than it has ever been before. CRM is a strategy that can help them to build long-lasting relationships with their customers and increase their profits through the right management system and
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corporate restructuring to securities underwriting‚ equity private placements and placements of debt securities with institutional investors. Over the past decade there has been an increasing convergence between the activities of investment and commercial banks‚ because of the deregulation of the financial sector. Today‚ some investment and commercial banking institutions compete directly in money market operations‚ private placements‚ project finance‚ bonds underwriting and financial advisory work.
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Student Loan Case 1) Summarize the student loan industry. Answer with respect to both public and private loans and be clear as to which you are referring to. a) What led to the inception of the student loan market? The inception of the student loan market started like any other loan market‚ there were a large amount of borrowers who needed money now to invest in college to make more later that were matched with lenders who had excess funds and wanted return on the funds. The National Defense Education
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banking in India is very vast in nature of which includes the following a) The management of the customers securities b) The management of the portfolio‚ c) The management of projects and counseling as well as appraisal d) The management of underwriting of shares and debentures e) The circumvention of the syndication of loans f) Management of the interest and dividend etc Factors responsible for the Changes: 1) . Globalization of Indian Economy It has made the whole economy open‚ which
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