Best practice in India
Core Banking
Core Banking is defined as the business conducted by a banking institution with its retail and small business customers. Core banking consists of loans, mortgages, deposit and lending of money. Banks make these services available across multiple channels like ATMs, Internet banking and branches. Indian nationalized banks have recently changed their business practices to match with service standard of private and foreign banks. They have added new products and services and tied up with many institutions to improve their productivity. Business Process Reengineering for banks is a critical phenomenon for the overall economy - transformation of a mammoth system to speed and efficiency. Unitedworld has taken a lead role to develop case-lets over this and prepare the 'Best practice' showcase for core banking operations. This will be one of the crtical learning areas for students undergoing PGPM - Financial Services program.
Insurance
Business of risk management has taken a new dimension in a growing country like India. New risk instruments like insurance with equity & mutual fund linkage, reverse mortgage risks, risks of derivatives, travel insurance, market linked life-cover, risk hedging with re-insurance etc. are getting introduced to the marketplace. Private insurance players have started penetrating into tier II and tier III cities and compete with nationalized life and general insurers.
With 30 companies, insurance penetration in India is about 4 percent, while China with 79 companies still has a penetration of 2.7 per cent, much below the world average of 7.52 per cent and further below Taiwan's enviable 14.8 per cent. This shows, in near future, the kind of growth insurance companies can achieve in Asia.
Changing market share because of competitive pricing, availability of information, easy access to branches, better awareness are throwing new challenges to the risk management sector. Unitedworld is closely observing the developments - and creating inputs for blending into core pedagogy for PGPM students.
B2C Retail
India's organized retail industry is still at an early stage of growth. Among B2B and B2C formats, B2C is more complex and growth oriented because it operates in more scalable model.
In a developing market like India, organized players are experimenting with business model, trying to leverage inventory operations with multiple formats, experimenting with perishable retail chains and trying to integrate different services into retail distribution business model. While some of the models are doing extremely good, failure is also reach alarming proportions. It's an interesting time to observe how the Indian retail industry is shaping up.
Unitedworld has a team to understand and archive the step-by-step development of Indian organized retail. Unitedworld students will get access to a wide repository of data and insight about the growth and future pattern of Indian retail market, before they get into the market.
Private Equity
During 2008, till middle of October, India has seen US $ 2916 Million of PE funding as compared to China which stands at US $ 3250 for the same period. Annual PE investment in India is roughly getting doubled every year. PE firms are investing heavily on Business services, financial services, transportation and internet content space. Computer software, Chemicals, Agriculture and Alternative Energy stands at the second level. Chinese sovereign wealth fund, China Investment Corp has increased its stake in International PE fund Blackstone to 12.5%.
With all these developments this is evident that Private Equity and Venture Capital founding's scope and implications will improve dramatically in near future. Unitedworld through its 'VC & Entrepreneurship Cell' is tracking the developments in this field. The cell also intends to maintain very close relation with some of the largest VC/ PE funds for students benefit.
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