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* product evolution:
The generic product:
* product policy
*
=
-
Bank riks
credit risk - borrower failing to pay money
liquidity risk - to earning and capital arising
market risk
operational
* Credit score
DUn and Bradsheet est in 1841
- credit scoring factors
payment histor: 35%
Amounts owed - 30%
lenght of credit histor:15%
New credit - 10%
Types of credit in use :10%
Credit scoring models:
- judgemental scoring models
- statistical scoring models
* Credit scoring bureaus in India:
CIBIL: tied with TransUnion of US
scores ranging from
CIBIL transuion 2.0 succeeded, less than 6 months are scored on
risk index ranging from 1 to 5.
* Warning signs on credit score:
- late payments or default in the recent past
- high utilization of credit limits
- higher percentage of credit card or personal loan on credit inform rpe
- Maintainig a good credit score
paying bill on time
keep balance low
cheques should not bounce
monitor co-singed or joined accont
avoid ad hoc loans
*
-
-moratorium
- rbi dispensed with pre-payment of home loans on floatin rate basis
* terms and codition of asset products
* Home loans : age of proerperty not > 15 years
eligibilty: 3 years of consistency
amount : upt 50 l for resident indi, hni 2 cr
loan
Tenure of loan
repayment: 15-20 years
fewbank offer upt o 25 years
fixed rate loans max repayment is 10 years
step up pricing
banks allow switch from fixed to float rewrite fee 1%, lock perod
of 3 years
disbursement;
-security: mortage of property to be financed
- land name of applicant or joint with spouse
ltv 80%, smal houe loan 20 l , ltv 90%
moratoriou period: upto 18 months construc, 3 montsh for prucha
of flat
* Home improvement loans
repaird, renowation, upgradation, painting
amt: max upto 5l, few provide upt 10 l
tenure: upt 10 years
security: mortgage should be equal to the property under repair
or renovation. also accept unencumbered immovable property
margin: 20 to 50 margin is provided
moratori: 3 motnsp
prepament: alllwed withough penaltiy
auto/vehile loaon
60 emis 5 years for new cars
36 emi 3 years for used
interest rate: 11 to 14 %
security: hypothetication of vechile
margin; upto 10% for new, 25 for used
moratoiu: no
prepaymen: usually do not
*personal loaon
eligbilit: min take home sal 15 20
- cardholder:
* functioning of credit card transaction
* NEFT process flow
origin of request to tranfer fund
SFMS - structured financial messaging system
charges
- upto rs 10,000 = rs. 2.50 (+ Service tax)
- above 10,000 upt 1 lakh - rs 5 + serice tax
- above 1 lak upt 2 lak - rs 15 + seriivie
- above 2 lak - rs 25 + servic tax
* rtgs launch in india march 26 2004.
between 2 to 5 , not more than rs 30
more than rs 5 - not more than 55
_ classification of rtgs transactions
intebank transaction:
customer payment transaction:
delivery vs payment transacction:
- Process flow of Customer Basaed RTGS Transaction
- Creating a reqjest
= Creating a strucured message
=Communicating the message
- tranferring funds
= communciatin to the benefeiciar branch
- maintaingi liquidity wiht rbi
ECS
-
Advantages of ECS
No need to issue check
no payment default
saves time
flexible process
- White label ATM
companies act 1956
- WLA operator
one responsible for maintaing and servcing WLA
sponser bank
- cash mangement:
parabanking:
banks offering service of demat a/c are cardld depositora prticipants
* marketing process:
marketing analysis:
market planning
market implementaiton
marketing control
* categories of Delivery channel:
* Delivery channels
physical channels
- branch:
- extension counters