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BANKING & FINANCIAL SERVICES
BANKING & FINANCIAL SERVICES
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Pricing of Swap Contracts
AUTHOR(S) : Dr. Abhinav Kumar Rajverma, Assistant Professor of Finance, Institute of Rural Management Anand (IRMA) and Dr. PKV Kishan, Assistant Professor of Economics, Institute of Rural Management Anand (IRMA)PUBLISHED DATE: 21/06/2021PUBLISHER: ET CASESCATEGORY: FINANCIAL MANAGEMENT, BANKING & FINANCIAL SERVICESPRODUCT:CASE ID: FIN-1-0048; FIN-1-0048ACASE LENGTH: 17DESCRIPTION:In January 2021, Mr Rajvarman, a financial consultant, joined a major Indian business house. One of the main tasks assigned to him was raising dollar-denominated funds to meet the company’s investment needs in the US. The conventional ways of raising rupee-funds in India and then converting to the USD or directly raising a dollar loan in the US market was deemed costly by the management. Apart from that, volatility in the forex rate was a major concern for the organisation. The case examines ...read moreSHOW DETAILS -
The Unresolved Battle of SEBI vs Sahara
AUTHOR(S) : Prof.(Dr.) Abhay Kumar, Assistant Professor, Mukesh Patel School of Technology Management & engineering, NMIMS University, Mumbai and Prof.(Dr.) Shilpa Rastogi, Director, Research Mentor, NasikPUBLISHED DATE: 15/11/2018PUBLISHER: ET CasesCATEGORY: BANKING & FINANCIAL SERVICESPRODUCT: CASELETCASE ID: BFS-2-0019, BFS-2-0019ACASE LENGTH: 5 PagesDESCRIPTION:Cases of corporate governance debacle are not new globally or in India. Sahara India Pariwar, as is popularly known through its two companies over a period of time swindled a huge INR 24000 crore from its investors through Optionally Fully Convertible Debentures OFCDs). Two of its group companies Sahara India Real Estate Corporation Limited (SIRECL) and Sahara Housing Investment Corporation Limited (SHICL) started collecting subscription through OFCD from 25th April 2008 to 13th April 2011. Surprisingly ...read moreSHOW DETAILS -
When Credit Gets You Cash
AUTHOR(S) : Bala Bharathi Yelamanchi and Dr. Nagendra V. ChowdaryPUBLISHED DATE: 23/06/2018PUBLISHER: ET CasesCATEGORY: BANKING & FINANCIAL SERVICESPRODUCT: CASE FLYERCASE ID: BFS-4-0018, BFS-4-0018ACASE LENGTH: 5 PagesDESCRIPTION:This Case Flyer1 can be used to understand CreditMantri's business model in the backdrop of evolutionary Fintech ecosystem in India. Buoyed by the 3 As - Accessibility, Artificial Intelligence and Analytics, several new-age Fintech startups have been redefining Indian Banking system. Fintech is a rapidly evolving segment of the financial services sector where tech-focused startups and other new market entrants are disrupting how the financial services industry traditionally operates. With a large ...read moreSHOW DETAILS -
Asymmetric Information During Merger: A Case of SBI
AUTHOR(S) : Aritra Pan and Dr. Arun Kumar Misra, Vinod Gupta School of Management, Indian Institute of Technology Kharagpur, IndiaPUBLISHED DATE: 23/03/2018PUBLISHER: Indian Institute of Technology KharagpurCATEGORY: BANKING & FINANCIAL SERVICESPRODUCT: CASE STUDYCASE ID: BFS-1-0017, BFS-1-0017ACASE LENGTH: 12 PagesDESCRIPTION:This case study on asymmetric information during merger of SBI and its associates enables readers to understand the importance of different levels of information amongst traders and its impact on market parameters like share trading volume and price. The merger of associate banks of SBI with its parent bank was in news since the beginning of the financial year 2016-17. The associate banks were originated during the India’s independence era and remained as leading associate banks of SBI where ...read moreSHOW DETAILS -
Axis Bank Acquires Enam Securities: Post-Merger Integration Key to Success*
AUTHOR(S) : Amit Tripathy, Doctoral Student, Dr. N. M. Leepsa, Assistant Professor - School of Management, National Institute of Technology RourkelaPUBLISHED DATE: 08/03/2018PUBLISHER: ET CasesCATEGORY: BANKING & FINANCIAL SERVICESPRODUCT: CASE STUDYCASE ID: BFS-1-0016, BFS-1-0016ACASE LENGTH: 8 PagesDESCRIPTION:read more
*ET CASES – VGSOM’S CASE AWARD FOR BEST CASE IN CORPORATE FINANCE at International Conference on Financial Markets and Corporate Finance (ICFMCF 2017), 7th & 8th July 2017, VGSOM, IIT Kharagpur
This case study on the deal between Axis Bank (a private sector bank) and Enam Securities (a division of an investment bank) enables the participants/readers of the case to understand the importance of post-merger staff integration as a key for success/failure of the deal. This ...SHOW DETAILS -
Mixing Equity with Gold: A Case of Islamic Risk Management
AUTHOR(S) : Adnan Ahmed Siddiqui and Arun Kumar Misra - Vinod Gupta School of Management, IIT KharagpurPUBLISHED DATE: 25/01/2018PUBLISHER: IIT KharagpurCATEGORY: BANKING & FINANCIAL SERVICESPRODUCT: CASE STUDYCASE ID: BFS-1-0014, BFS-1-0014ACASE LENGTH: 16 PagesDESCRIPTION:This case study develops and tests a risk management strategy given intricacies of Islamic investment. The approach uses two sharia-complaint financial instruments, a sharia ETF, and gold ETF. Primarily, the relationship between them is examined. Given the relationship, a strategy is formed using an indicator based on David Varadi Oscillator (DVO). The indicator signals holding the sharia ETF as a long-term instrument. It shifts to holding gold when the sharia ETF is overbought, and gold ETF is oversold. ...read moreSHOW DETAILS -
Case Suite on Evolution of the Indian ATM Industry and the Role of EPS
PUBLISHED DATE: 22/01/2018PUBLISHER: ET CasesPRODUCT: CASE SUITECASE LENGTH:Mani Mamallan, Founder, Chairman and Managing Director, Electronic Payment and Services (P) Ltd., discusses about the Indian ATM Industry’s Landscape and shares the experiences of his entrepreneurial journey
DESCRIPTION:Case Suite on Evolution of the Indian ATM Industry and the Role of EPS with Aditya Saavant Here, Aditya Saavant, General Manager - Technology, Electronic Payment and Services (P) Ltd., explains EPS’ Centralized Monitoring Tool and how it helps in real-time monitoring of the ATM networks, 24/7 and 365 days per year Evolution of the India ATM Industry with Vidya and Manprit Here, Vidya Mani Mamallan, President - HR & Administration, Electronic Payment and Services (P) Ltd., and Manpritt ...read moreSHOW DETAILS -
Mumbai Constructions Ltd.: A Case on Restructuring of Loans*
AUTHOR(S) : Dr. M Manickaraj - Associate Professor, Dr. K Ramesha, Dean – Research and Consultancy - National Institute of Bank Management, PunePUBLISHED DATE: 30/11/2017PUBLISHER: ET Cases - FLAMECATEGORY: BANKING & FINANCIAL SERVICESPRODUCT: CASE STUDYCASE ID: BFS-1-0013, BFS-1-0013ACASE LENGTH: 11 PagesDESCRIPTION:Mumbai Constructions Ltd. (MCL) was one of the oldest players in the field of construction, engineering and real estate in India. The company had borrowed heavily from a consortium of 30 banks and financial institutions. Total amount of loan taken from the consortium and outstanding as on September 30, 2016 was INR3,500 crore and the non-fund facilities outstanding was INR2,800 crore. Though its order book was quite full and had the experience and expertise to execute projects efficiently, profitability ...read moreSHOW DETAILS -
Managing Interest Rate Risk: A Case of IFFCO Tokio General Insurance Company*
AUTHOR(S) : Dr. Monika Chopra, Assistant Professor - IMI Delhi, Dr. Manisha Singh, Associate Dean - IBS Bangalore, Radhakrishnan V., Branch head, Janlakshmi Financial Services Limited, BangalorePUBLISHED DATE: 30/11/2017PUBLISHER: ET Cases - FLAMECATEGORY: BANKING & FINANCIAL SERVICESPRODUCT: CASE STUDYCASE ID: BFS-1-0015, BFS-1-0015ACASE LENGTH: 14 PagesDESCRIPTION:As with any other insurance companies, the role of IFFCO Tokio was working the non-life risks. The major issue which IFFCO Tokio was coping with, just like other insurers, was managing the liability payments which at times could be highly variable due to completely unknown business risks as well as contractual nature of obligations. Being a non-life insurance company, the investment policy of IFFCO Tokio could not be the same as any other life insurance company. So what was the best investment policy ...read moreSHOW DETAILS -
Payments Bank@India Post: What Will it Take to Make it Possible?*
AUTHOR(S) : Giri Hallur- Assistant Professorm, Anushiya Sood- MBA Student, Neethi Nair- MBA Student, SITM, Symbiosis International University, PunePUBLISHED DATE: 24/03/2017PUBLISHER: ET Cases - FLAMECATEGORY: BANKING & FINANCIAL SERVICESPRODUCT: CASELETCASE ID: BFS-2-0012, BFS-2-0012ACASE LENGTH: 6 PagesDESCRIPTION:The RBI has issued a Payments Bank (PB) licence to Department of Posts (DoP), along with 10 competing organisations in August 2015. Over the years, the DoP has struggled financially and its annual deficit has shown an increasing trend during 2013-16 period. On the positive side, as against a total of 40,000 branches of all scheduled commercial banks, DoP has a network of 140,000 rural post offices. Moreover, 85% of these post offices are located in the rural areas manned by locally known workforce. ...read moreSHOW DETAILS -
Case View with Rajat Gandhi - P2P Lending in India: Delivering Disruptive Innovation in Alternate Lending Space
AUTHOR(S) : Dr. Nagendra V. ChowdaryPUBLISHED DATE: 18/11/2016PUBLISHER: ET CasesCATEGORY: BANKING & FINANCIAL SERVICESPRODUCT: case viewCASE ID: BFS-2-0010B-2CASE LENGTH: 15 PagesDESCRIPTION:Case View with Rajat Gandhi, Founder & CEO - FAIRCENT Faircent is the India’s largest P2P lending marketplace for borrowers and lenders to connect directly through its unique platform, which allows Auction and Reverse Auction Indexation. Faircent’s dynamic algorithms ensure that the right fit is done. Rajat Gandhi, one of the earliest professionals of Internet in India, gathered extensive hands-on experience in launching and building Portals, online Classifieds, Communities, E-Commerce ...read moreSHOW DETAILS -
Case View with Lucas Bianchi - P2P Lending in India: Delivering Disruptive Innovation in Alternate Lending Space
AUTHOR(S) : Dr. Nagendra V. ChowdaryPUBLISHED DATE: 18/11/2016PUBLISHER: ET CasesCATEGORY: BANKING & FINANCIAL SERVICESPRODUCT: case viewCASE ID: BFS-2-0010B-1CASE LENGTH: 12 PagesDESCRIPTION:An Interview with Lucas Bianchi, Co-Founder & Promoter of Namaste Credit. As a co-founder, Lucas is excited to be working with a great team at Namaste Credit to build amazing technologies that are revolutionizing finances for SMEs and individuals across India. Passionate about research, analytics, innovation, and the financial markets, Lucas Bianchi is now focused on building Namaste Credit, an exciting new financial technology platform for loan facilitation and servicing in India. Namaste ...read moreSHOW DETAILS -
Case View with Shankar Vaddadyi - P2P Lending in India: Delivering Disruptive Innovation in Alternate Lending Space
AUTHOR(S) : Dr. Nagendra V. ChowdaryPUBLISHED DATE: 17/11/2016PUBLISHER: ET CasesCATEGORY: BANKING & FINANCIAL SERVICESPRODUCT: case viewCASE ID: BFS-2-0010B-3CASE LENGTH: 9 PagesDESCRIPTION:Case View with Shankar Vaddadyi - P2P Lending in India: Delivering Disruptive Innovation in Alternate Lending Space. Shankar Vaddadyi is a seasoned professional having held C level and leadership positions across various industries and public companies in India. He has wide experience in Technology, Financial Inclusion Architecture and Social Entrepreneurship and has pioneered industry sectors. Presently, he is the Founder & CEO of www.i-lend.in which is India’s first P2P / Social Lending ...read moreSHOW DETAILS -
Electronic Payment and Services (P) Ltd.: Revolutionizing the Indian ATM Industry
AUTHOR(S) : Vandana Jayakumar and Y. Bala BharathiPUBLISHED DATE: 30/09/2016PUBLISHER: ET CasesCATEGORY: BANKING & FINANCIAL SERVICESPRODUCT: CASE STUDYCASE ID: BFS-1-0008, BFS-1-0008ACASE LENGTH: 18 PagesDESCRIPTION:This case study focusses on the entrepreneurial journey of Electronic Payment and Services (P) Ltd. (EPS) – one of the startups in the Indian ATM Managed Services and Outsourcing Industry. Industry veteran, Mani Mamallan, also known as ‘The Architect behind Indian ATM Systems’, founded EPS in 2011. Supported by the vast industry experience of its founder and other members of the leadership team alongside the financial inclusion initiatives of the Government of India, EPS grew rapidly ...read moreSHOW DETAILS -
Evolution of the Indian ATM Industry and the Role of Electronic Payment and Services (p) Ltd.
AUTHOR(S) : Vandana Jayakumar and Y. Bala BharathiPUBLISHED DATE: 10/08/2016PUBLISHER: ET CasesCATEGORY: BANKING & FINANCIAL SERVICESPRODUCT: CASE STUDYCASE ID: BFS-6-0009CASE LENGTH: 82 PagesDESCRIPTION:In 1987, the Hong Kong and Shanghai Banking Corporation (HSBC) installed India's first Automated Teller Machine (ATM) in Mumbai, heralding the beginning of the Indian ATM industry. The Indian ATM industry grew gradually and by 1999, there were 1,521 ATMs installed across the country. The Indian ATM industry witnessed a rapid growth over the last decade (2005-2015). Being the second most populous country of the world, with around 40% of its 1.3 billion population still unbanked, India ...read moreSHOW DETAILS