Month: June 2018

My friend told me about umbilical cord storage and I am delighted to hear that such kinds of services exist. It is really a great place for the people to invest good health for the family. Initially, I was scared about the cost issues but after meeting a doctor at Cryo Cell I got complete satisfaction. They told me that these days’ people are donating umbilical cord storage to the public banks but in the Cryo Cell they can store cord blood for their own family. It is really a wonderful service and after managing some money I decided to invest in this service.

The umbilical cord blood banking is a great step taken by the doctors. The doctors told me that by donating umbilical cord blood, people can ensure good health for the family. It is really very affordable and people who love their family must invest there. It is completely a new concept and I was amazed by their services. We have two children and the main advantage of our investment at Cryo Cell is that we are worry free from our children’s health. The doctors told me that with the help of our donation they can fix more than 70 diseases including several chronic diseases. It is a best gift that parents can give to their child.

Truly it is a nature’s miracle that now I am completely free of tensions about the health of both our children. The doctor told me that the new born baby’s umbilical cord blood stem cells are very valuable for the treatment of several diseases. The stem cells acquire some very special cells which are usually present in bone marrow. The stem cells are also considered as master cells which are completely responsible for constructing all mature cells in body and immune system as well. The stem cells produce white cells which help in fighting with different kinds of infections. Also, it helps in creating cells of immune system which keeps several diseases at bay. I was amazed to know this valuable information and now I am more concerned about umbilical cord blood collection. Cryo Cell provides a facility of baby cord blood banking which is really a great service. It is true that most people are not aware of it but if someone can get some information from my story I will feel proud. Yes, Cryo Cell provides private cord blood banking service and everyone should make the most from this service, just like me.

Thanks Dylan

Investment banking and corporate finance) is the traditional investment banks, which also involves helping clients to raise funds in capital markets and advising on mergers and acquisitions (mergers and acquisitions). This can be imposed on investors, the issuance of Security, in coordination with the bidders, or negotiating with the goal of integration. Last term of the Division on Investment banking and corporate finance, advisory group is often called the mergers and acquisitions. Create a book where the information is in the bank’s financial market to the meter and the potential customer, if the pitch is successful, the Bank arrange the deal for customers. Divided into general and the investment banking division (IBD) in the coverage of industry groups and product coverage. Industry coverage groups focus on a particular sector, such as health, industrial, technology, and maintaining relationships with the companies in this industry to achieve in the business for a bank. Groups of product coverage to focus on financial products, such as mergers and acquisitions, corporate finance, project finance and asset finance leasing, structured finance, and restructuring of equity and debts are high quality and work in cooperation with industry groups on the more complex needs, and specialized client.

Sales and Trade: On behalf of the Bank and its clients, the function of a large investment bank in the first place to sell products. Market makers and traders buy and sell financial products to the growing amount of money on each trade. Sales is a sales force in the investment bank, which is important to appeal to institutions and high net worth investors to trade ideas for the proposal (in the warning based on the buyer’s responsibility), and take orders. Contact sales offices and customer orders for the offices the right brand name, which can price and execute trades, or structure new products that fit a specific need. Restructuring activity is relatively recent derivatives also comes in play, with the staff a high degree of technical writing and arithmetic to create complex structured products which typically offer much greater margins of securities and cash infrastructure.
In 2010, and investment banks came under pressure due to the sale of complex derivatives to municipalities in Europe and the United States of America [2] strategic advice. Follows the external and internal clients on the strategies in different markets. Starting from derivatives to specific industries, companies and industries strategic place in a quantitative framework with full consideration of the macroeconomic scene. This strategy is often the way the company will operate in the market, and the direction it will take in terms of their flow, and sales staff to offer suggestions to customers as well as how structurers create new products. Banks also have to take risks through their own trade, conducted by a private group of traders who interact with customers and through the “main risk” risks undertaken by the dealer after you buy or sell the product to the customer and not hedge his total exposure. Banks seek to maximize the profitability of a certain amount of risk on the balance sheet of their own. The need for numerical ability in sales and trading has created jobs for physics, mathematics and engineering doctoral degrees and quantitative analysts.

* Search is the division which reviews companies and writes reports on their prospects, often with “buy” or “sell” ratings. While the research department may or may not generate income (on the basis of policies in different banks), and the resources that are used to assist in marketing and sales force in suggesting ideas to clients and investment banks by giving their customers. Research also works with external customers investment advice (such as institutional investors and high net worth individuals) in the hope that they are represented by these customers and sales marketing ideas of the Commercial Bank Run, and therefore revenue for the company. There is a potential conflict of interest between investment banking and analysis, and analysis was published that could affect the bank’s profits. Even in recent years has become the relationship between investment banking and research is very organized, a Chinese wall between public and private employment.

Bank Profile
Bank Sohar is a start up bank in Oman. Bank Sohars entry into the Oman banking sphere came about amidst much hype and fanfare. Bank Sohars IPO was oversubscribed more than 5 times even before the bank opened, revealing the Omanis expectations. With a strong group of promoters behind it, Bank Sohar now has an initial built up capital of 50 million Omani Rial (approx 125 million USD). Bank Sohar will cover the entire range of retail, corporate and investment banking services. Bank Sohar will focus on specific market segments and a phased approach to launching new products and services gradually evolving into a universal bank.

Key Business Drivers
Technology is viewed from 3 perspectives:

The demands that arise from the complexity of the operating environment created by urgent imperatives, risk mitigation drivers, sales roll-outs and so on cannot be ignored. Typically, deployment of solutions in such an environment translates into a period of about 18-24 months. The project can exceed this period, as well, if the architecture is complex and mired by inflexible legacy systems.

The imperat i ves, when the environment requires pure vanilla offerings and quick deployment schedules, are unique. For banks who want to synchronize technology and processes, BIAB offers solutions with which organizations can start leveraging technology benefits from day one.

The focus of the bank, that centres around absorbing best-in-class processes and banking practices, needs to be addressed effectively. Technology can help them compete aggressively with players in the international arena.

Solution Overview
Technology Players: Matching the Pace of Banking

Finacle Bank-in-a-Box (BIAB) framework is a new implementation paradigm that allows a bank to go live on Finacle core banking solution in a very short span. It is a pre-configured, fully integrated banking transformation solution based on its proven universal banking solution.

BIAB is an approach aimed at bringing down the implementation time and most importantly provides customers a best configured banking environment.

The bank wanted to implement the Finacle universal banking solution covering the functionalities of core banking, treasury, e-banking and CRM with interfaces to ATM, SWIFT, Oracle GL and RTGS/ACH apart from other third party products such as NetCast and Omnidocs.

Finacle had allocated four months to complete the project, however because Bank Sohar was a start up, it was engaged in its recruitment process which impacted the start date. The challenges included executing a project with key decision making personnel not on board from the beginning and basic infrastructure not in place at the bank’s site. The implementation was delayed by two months until February 2007, however, the deadline date had not changed as the banks CEO strongly requested that the original date of 1st April 2007, be maintained.

This posed significant risks, resulting from completing a four month project in less than two months, which meant that every activity would have to be watertight, without any contingency whatsoever. Thus, there was no scope for lags in any activity.

It was decided that Finacle Bank-in-a-Box would be deployed to save time and effort. Since this was a new bank, it was deemed that this would also add value in terms of providing a readily available base of best banking practices. The plan was to adopt a recommend approach rather than a requirement seeking approach.

Detailed project planning was done to carefully chart out every activity and crunch the activity to the bare minimum.

Core team training and Business Process Definition (BPD) traditionally done sequentially were now designed to be performed in parallel.

The BPD document which consisted of multiple modules and was traditionally signed off at the very end was now broken into multiple documents to facilitate quick sign offs after each module was completed.

To perform a complete but timely testing during System Integration Testing and User Acceptance Testing, Infosys recommended that the bank engage its Finacle Testing services unit to carry out this activity, which they did, ensuring timely completion.

Senior management commi tment Unequivocal commitment from the top management throughout the different phases of the implementation, paid off. It was defined in the project kick off meeting that all issues (on the banks side) should be escalated to the senior management immediately, which worked to ensure a disciplined and smooth implementation.

Core team training / BPD An 18-day workshop was designed with daily activities listed. Business owners responsible for sign offs for each of the days were also listed. Core training was planned to be performed during the first half of the day and the BPD immediately afterwards.

Benefits of Leveraging Technology

Bank Sohar core banking implementation (Phase1) was carried out before the bank formally opened its doors to the public within a record breaking timeframe of 56 days.

Was executed under a non-negotiable deadline committed to the bank

The retail loan module was not part of the initial project scope. However, 2 weeks from Go Live, the bank requested that at least one retail loan product be delivered as this was a basic requirement for local customers. Infosys took cognizance of the banks critical need and decided to meet it through innovative use of the corporate loan module, since a typical retail loan launch would have taken much longer. Infosys built in all the basic features of the retail loan product in the corporate loan module, positively impacting revenues from the loans portfolio for the bank.

A breakthrough decision taken, resulted in the actual revenue of the loans portfolio growing to over 10 times the expected target.

The functions of the bank and one of the most sought after jobs in India. Good wages and benefits package supplements, and job security, as well as the scope is very good for the growth are the main reasons for a large number of young Indians began to gravitate to this lucrative career. Despite a career in the banking sector can appear to be intended for graduates of trade or finance, but does not apply in the modern era. At present, banks provide equal opportunities for all graduates of the streams.

India is one of the fastest growing economies in the world with a growth rate of 8-10% per year. This has resulted in economic growth in the various career opportunities in public sector banks, private banks and multinational banks based in India. Today, we can note that the banks in real estate loans, consumer loans, investment funds, credit cards and business activities of foreign exchange. Each bank has been growing rapidly in India with a huge 30-40% growth in the year and all of them centrally organized by the Reserve Bank of India (RBI). As a result of a decade of the Reserve Bank to all banks and financial institutions in India including public sector banks and private sectors alike are not only highly profitable but also very stable.

These factors have led also to the stability of a large bank in jobs as well as high demand for banking professionals. Banks are looking for professionals having good communication skills, analysis skills, project loans, and skill of management along with good computer literacy. Public sector banks conduct recruitment drives in the form of a written test and interviews at all levels of India. If you look at any of the advertising campaign to recruit any nationalized bank, you can see that there are opportunities for students to pass 12TH with some computer knowledge at the level of the clergy. There is also a general banking (probation officers) and the function of any graduates and administrative functions, especially in the field of information technology, finance and law practices and operational functions of marketing, preferably an MBA in marketing. Even if someone joins at junior level (the clergy) can last up to senior positions with experience and education in promoting rehabilitation. Public sector banks to pay around Rs.6000 / – to Rs.8000 / – per month basic salary at junior level and Rs.25, / 000 – to Rs.30, 000 / – at a high level.

Earlier banks used to transfer training to aspiring professionals through the institution called the National School of Banking. Used to prepare students for exams at the national level banks. Now, days later, runs the same work by the Institute of Banking staff selection. You can visit ibps.in for more details. Also can be sites like bankbpo.in help prepare for exams, as well as interviews. Solution leaves the question of past examination questions and an interview published by the candidates themselves large are very helpful in addressing the success of the recruitment process.

Examinations of banking in India is usually in stock – 1. The ability to think, 2. Arithmetic and tests digital, 3. General knowledge and 4. English knowledge. Apart from this common stock, depending on the nature of this task, you can insert additional sheets of computer knowledge, finance and law. A major factor in the success of these exams is time management. It is expected that about 225 questions to be solved in about 150 minutes. It is important to divide your time equally to all subjects and not to waste time reading the questions as in the traditional examination papers. Fast decision-making process is one of the key factors and the applicant needs to make a decision immediately on whether to try to resolve the issue, and should also be questions very quickly without spending a lot of time on a particular issue. Short listed students high marks on an equal footing in all subjects on the basis of merit.

So, the career prospects in the banking sector in India in a stable condition, as well as profitable and every candidate must be well prepared for exams in the appointment and functions of the bank.

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In a sea of overachievers who are equally talented, likeable and prepared, the “Why investment banking?” interview question can be the only differentiating question left for bankers to ask; making it both a popular & decisive question.

Whilst for college students who don’t look like aspiring bankers on paper (i.e. no fin/acc major, business degree or relevant work experience) it’s of epic importance. After all, you guys need to be able to explain why you want to do investment banking when your past decisions don’t suggest anything of the kind.

How do you give a 10/10 answer to the “Why investment banking?” interview question?

There’s a huge selection of points you could make, but keep it short and sharp. Generally a good answer will contain 3-5 solid reasons why you’re interested in IB.

Typical examples like world class education, skills development, type of work, the challenge, real responsibility in billion dollar transactions etc. are all acceptable.

But try not to trot out the same BS as everyone else.

Importantly, avoid reasons that are self-centered in a ‘bad’ way

Let me explain. As a banker interviewing you I’d be OK if you mentioned investment banking attracts you because of the learning opportunities, as this is a selfish reason that also, and ironically, benefits the bank – passionate 24 year olds put in 100-hour work weeks with ease after all.

But if I heard you wanted to do IB simply in order to ‘build your resume’ and/or to secure an exit opportunity I would – in my mind at least – throw you out the freaking door and then proceed to lay a BlackBerry beat down! Being made to feel like a halfway house for financial vagrants, a mere stepping-stone, is not my idea of good times you see. So even though everyone knows investment banking is attractive for the resume & exit oops don’t say it!

What can help you avoid a BlackBerry Beat Down? Well, you would get me extremely interested if you answered the “Why investment banking?” interview question by talking about how you have older friends in banking who have over the years shared with you what it’s really like to be a banker – both the good and the bad.

And then how that’s made you realize 3 specific things about banking which make it stand out above any other graduate job.

Not only will I believe you still love banking despite the war stories, but that you’ve actually given it some thought beyond “I need a salary of Blankfein proportions if I’m ever going to pay off these student debts”.

What I’m trying to say is that a great answer will list unique and specific reasons ‘why investment banking’ and it will connect them to the sources you learned them from whether they be friends, professors, books etc.

Want 6 specific reasons ‘Why investment banking’ that are sure to work? Try talking about how you love the…

Cornerstone role investment banks play in deals and/or the role they play more broadly within the world of business – IBs are to business what the White House is to the world…central hub HQ! And this is why bankers are called masters of the universe. So bring up this point, albeit laced in more formal language and without ever mentioning ‘masters of the universe’!!
Coalface exposure to industry and financial markets, which is unique to IB – there’s not a graduate job on the planet that puts you closer to the action than banking.
Results-driven deal-oriented approach – this point distinguishes banking from so many other professions like law, consulting etc, where players often get paid for simply ‘doing’, as opposed to ‘achieving’. And by specifically mentioning this point you will show bankers that you’ve got the right mentality and that you’re not an increment-fiend like lawyers. PS Once again be sure to phrase this in a more professional kinda way!
Type of people that work in banking – talk about this from both a learning and enjoyment point of view, and most importantly reference people you know in banking (particularly at that bank) to avoid looking like you’re simply shining shoes and kissing ass!
Nature of the work – analyzing, problem solving, real-world focused. If you are going to talk about this then make sure you bring up a handful of examples in passing; eg 10k analysis, spreading comps, deal structuring etc.
The specific industry/product group you are interviewing with – this is a must! By talking about why IB through the lens of that specific group, you’ll really narrow the reasons down to specific, tangible, relatable ones – and that means bankers are more likely to believe you and like you. eg If you say to Goldman Sachs TMT that you want to do investment banking because you find the business/investing side of the tech industry fascinating after working as an unpaid intern at a social media start up over summer, then you’ll hit the “Why investment banking?” question out of the park!

Whatever you choose, be sure you can talk intelligently about it if probed by the bankers.

Special note for those of you with non-banking experience

If you have work experience in accounting, consulting etc. then tell the bankers that whilst your time at KPMG or BCG or wherever you worked was a terrific experience, it didn’t offer…[reasons why you love IB].

This is a hidden opportunity to further explain your story, point out why you want to change into banking now and assure them again that IB is what you truly want above all else.

Any comparison you make should be delivered subtly though. Not because your interviewer might have worked at KPMG or BCG, but simply because it looks unprofessional to blatantly badmouth others. Negativity in any form doesn’t look good.

Special note for aspiring investment banking analysts

PS for those of you who get this question in an investment banking analyst interview (ie not a summer internship interview), you’ll need to push your story of why IB even harder to convince bankers to take you on. This is because bankers hate offering permanent spots to candidates who might quit the minute things get tough.

Passion is a banker’s best insurance policy against this – so make sure you show it guys!!

If you want to go one step further and really impress the bankers with your answer, then tell them how you became interested in IB years ago and point to the real life things you’ve since done that have confirmed your passion; studies elected, college clubs joined, people met, friends talked to, books read, jobs taken.

Showing a long and considered journey to get into investment banking is the idea here.

What’s the final secret to a magic answer here?

Recognize the downers of banking, not just the uppers. Bankers you see, want to hire students who aren’t being drawn to banking based simply on Hollywood-hype or CNBC-glamor. They want to know you are realistic about the job, prepared to do grunt work, and yet still super passionate.

After all, the Jimmy Cramer fan club and the Gekko Wannabe students will never be able to hack it when they find out what investment banking really involves – and this sort of drop out costs the banks a bomb.

So with all that in mind, during your answer briefly mention how your friends in banking have clued you in on the realities of the job too – the long hours, sacrifice and other downers which we’ll talk candidly about in the Inside Investment Banking System when it comes out this fall.

Of course, don’t end your question on a downer – meaning be sure to follow up any reality checking with your 3 main reasons why IB repeated in very very short form, kind of like “…but of course banking is an easy choice for me, because of…”.

Now that you’ve conquered the “Why investment banking?” interview question, check out our advice on other common investment banking interview questions and answers now.