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Monu Jain, Vice-President of IndusInd Bank visited our campus (IWSB) today, to discuss about the banking sector in India. The session began with a small introduction of the students, and she was excited to see the diversification of students from various backgrounds and regions across India. As we moved ahead, the session was about general affairs in banking sector. She beautifully explained, that how banking sector is fulfilling its role in holding up the economy, which is evident from the fact that despite GDP growth rate has decreased, the credit growth rate is still standing tall, which signifies the growth of money that banks are pumping into the economy year after year. We got to know that marketing is a potential part of banking; it was best explained with a example stated as: Recently IndusInd bank has launched a series of three advertisements hiring Actress Neetu Singh, and other artists as well, and we hired a marketing team for this purpose, as nothing sells without marketing and it plays a prominent part in every business no matter which sector it operates in. As she touched upon her personal journey in banking, we came to know that she is an IIM B alumni, got placed in Bank of America through campus placements, and not emitting the characteristic that a average MBA shows she worked with the bank of America for almost 12 years, out casted all her batch mates with such a long time period of working with one particular company. From a well paying job, glamorous lifestyle, travelling different countries and meeting different faces, she shifted to IndusInd bank, the commercial bank which is still unknown to people. We were amazed at her decision to shift to IndusInd bank; this is where her passion to face challenges unrolls the curtains. She found her lucky enough to join the bank when it was in the stage of reconstruction, and there was a complete change in management, so got a chance to work with new people and potentials, and four years down the line, the bank has transformed from the nascent stage to a challenging commercial bank. Also she gave emphasis on ATTITUDE, the most important aspect which is not learned from books, that is a salient element that people needs to carry while working in an organization, and people with the superlative attitude are the ones who are nimble to move up their career ladder. Last but not the least, she ended by explaining that hard work is equally important part of success, and it is the most under-rated factor of success. Elegantly she quoted: THE HARDER YOU WORK, THE LUCKIER YOU GET!
banking model. Wholesale clients will continue to migrate towards banks that offer the full suite of products that meet their diverse needs.This would mean that banks not only need to have the entire suite of treasury products but also need to be able to offer assorted wholesale banking products, for a successful treasury model. The typical trading P&L share is not over 30% for most banks; however, its importance should not be underestimated.Hence, over and above the client business, it will be imperative for treasuries to capture the alpha associated with warehousing and managing risk effectively and utilising their capital, aggregate gaplLimit,net open positions and risk limits in the most judicious manner. The writer is head of the Global Markets Group at IndusInd Bank. Views are personal.