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Shriram City—News Letter - Breeze- 1st October 2015

OCTOBER 2015

BREEZE EDITORIAL COMMITTEE

wishes all its readers a very Happy Dussehra 2015


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We have signed a Memorandum of Understanding (MoU) with M/s Honda Motorcycle & Scooter India (HMSI). The National retail finance partnership came into effect from 17th of September 2015. The purchasers of two wheelers of M/s Honda can now easily avail financial assistance from Shriram City.

M/s HMSI has proudly announced us as their “preferred financier”. Through this tie-up, we can expand our client base through the dealers of M/s HMSI and thus scale up the volume of business in two wheeler loans. This MoU has been signed by Shri Y. S. Chakravarti, our Chief Operating Officer and Mr Y S Guleria, Sr Vice Predent, Sales & Marketing of M/s HMSI. In the initial phase, it is desired to reach out to 85% of the dealer outlets of M/s HMSI and gradually to cover all the dealers of M/s HMSI in country in next 2 years. Commenting on the tie-up, Mr YSC has set a goal of “ONE LAKH” vehicles under two wheeler loan portfolio PER MONTH for our Marketing Executives.

Honda

announces

National

Retail

Finance

partnership

with

Shriram City


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All Staff Taking Shri

Ganesh For Visarjan

Hawan Brfore

Ganesh Visarjan


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What is Beyond Boundary? Beyond Boundary is a training program developed exclusively for our Two wheeler Marketing Executives ( ME) The basic purpose of the program is to upgrade their skills in line with our com-pany’s objectives. The game of cricket is always interesting and the winner is always the team which play the match with good planning and execution of calibrated strategies. We have made use of the game for our training module for better understanding. The following critical areas are covered in the program. Key points of Shriram City’s Credit Policy How to manage various dealers and maximize our share at the point of sale How to handle different types of customers Professionalism/ Grooming Key points to be remembered while filling applications forms In order to get ME’s full participation- this exercise has been done in an innovative way. The Super ME Series training program is one where our ME can learn the art of funding two wheel-ers through an engaging and fun filled contest !!! You could try your hand at various fun games based on craft & art of two wheeler funding business like- match the following , fill in the blanks and some multiple choice questions! 24 overs and 6 balls per over! Login and earn a Cap & Score runs and earn a T-Shirt (only limited Stocks So first come first serve basis... Rush!!!) . These runs can get you eligible to win some exciting prizes. The program was rolled out in Tamil Nadu first and would be hosted for other State employees too shortly.


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The above 16 are eligible for a cap & T-Shirt

We are pleased to announce the first round of winners!!

Golden words

Dr. ABDUL KALAM

What is the Secret of SUCCESS... ? "RIGHT DECISIONS"

How do you make Right Decisions... ? "EXPERIENCE"

How do you get Experience.. . ? "WRONG DECISIONS”

Without your involvement you can't succeed.

With your involvement you can't fail.


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DYKS – OCTOBER 2015 PART I – Rules of DYKS

The details and rules of the DYKS are as follows:

Each issue will contain 3 multiple answer questions

All staff members are eligible and are encouraged to reply to the questions

All replies to be sent only to [email protected] only. The mails should be sent from the official mail ID of

the employee.

The response mail should be as follows;

The name of the staff from whom the first correct response comes

will be published in the subsequent issue of ‘Breeze’.

This will be for each of the states.

SNo Required Information Employee Entry/ Answer

to Quiz

1 Employee Name

2 Employee Number

3 Designation

4 Email ID

5 Branch code and name

6 State

7 Answers:1

2

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PART II – State wise correct response

to Quiz in September 2015 Issue

PART III – State wise 1st

correct response to Quiz in

September 2015 Issue

PART IV – Answers to Quiz of

September issue

mailto:[email protected]


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A) A TW customer who has availed a loan 12 months ago and wants to avail a personal loan. He approaches you with a request. Will you consider his request? 1) Yes, I will consider if his previous loan is closed and his loan track was regular 2) Yes ,I will consider if previous loan is closed even if it was irregular 3) Yes , I will consider if his previous loan was regular but not closed 4) No I will not consider B)The customer have 24 months loan tenure period. 4 months he completed the EMI PDC. The customer changed his bank account. So he request for balance 20 months PDC from his new bank account. What should we do? 1) Collect the New PDC and inform the customer that changes will be made. 2) Will ask the customer to collect the new PDC and submit a request letter with PDC swapping charges. 3) Cannot accept PDC swapping request. Will ask the customer pay the EMI by cash. Perform none of the action. C) What are the additional controls that you will exercise if you have to offer a NIL PDC scheme to a client? 1) Yes, if the client has a own house, income proof and good financial background. 2) Yes, without any additional documentation 3) No, even if criteria’s are satisfied. 4) None of the above

DID YOU KNOW SERIES (DYKS) – 27


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On 17 September 2015, The Reserve Bank of In-dia (RBI) has given an In principal approval to 10 entities which would require them to fulfill the stipulated guidelines within a period of 18 months for becoming full fledged Small Finance Banks. They are as follows: Au Financiers (India) Ltd., Jaipur

Capital Local Area Bank Ltd., Jalandhar Disha Microfin Pvt. Ltd., Ahmedabad Equitas Holdings Pvt. Ltd. , Chennai ESAF Microfinance and Investments Pvt. Ltd., Chennai Janalakshmi Financial Services Pvt. Ltd., Bengaluru RGVN (North East) Microfinance Ltd, Guwahati Suryoday Micro Finance Pvt. Ltd., Navi Mumbai

Ujjivan Financial Services Pvt. Ltd., Bengaluru, and Utkarsh Micro Finance Pvt. Ltd., Varanasi Small finance banks would be a type of niche banks in India. Banks with a small finance bank license can pro-vide basic banking service of acceptance of deposits and lending. The aim behind these to provide financial inclusion to the sections of the economy not being served by other banks, such as small business units, small and marginal farmers, micro and small industries and unorganized sector entities. The financial entities in order to become eligible to small finance banks should satisfy certain criteria such as: Must have a capital of ₹100 crores

The promoters should have 10 years experience in banking and finance. The promoters stake in the paid-up equity capital will be 40% initially which must be brought down to 26% in 12 years. Joint ventures are not permitted. Foreign share holding will be allowed in these banks as per the rules for FDI in private banks in India.

Note: Existing non-banking financial companies (NBFC), micro finance institutions (MFI) and local area banks (LAB) are allowed to set up small finance banks.

Small Finance Banks


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SHRIRAM CITY DEESA BRANCH INAGURATION


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In Gujarat we have introduced a new campaign to improve Two wheeler business and named it “5K Gujarat.” We are aiming at 5000 TW loans per month for state of Gujarat, this campaign was

launched in the Mid of the April 2015, with in 5 months the growth in TW business has increased by about 40%. We had put up Posters and Danglers at all our branches highlighting the “5K Gujrat” Campaign.

The pics shot during the event show - Address by our ED Mr. G M Jilani Saab and Mr.Jignesh Shah ( State Head – Gujarat )…

AIM for Gujarat

5 K.

.


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Editorial Committee

Shri K.Subramaniam

CO, Mylapore

Smt M.Subhashree

BSC, Santhome

Shri M.Radhakrishnan

BSC, Santhome

Shri N.R. Sivakumar

SFPS,Santhome

Communication Address:

Editorial Committee, (News Letter—Breeze)

Shriram City Union Finance

144, Santhome High Road, Chennai—600 004

Phone: 044 43925300

Email: [email protected]

Reduction in the repo rate by 50 basis points from 7.25% to 6.75% and consequently the reverse repo stands adjusted to

5.75%

Liquidity in the system is abundant which is reflective of INR 544 Billion with RBI through reverse

repo (September 15, 2015) indicating lack of credit growth

Concerns expressed due to deficit south west monsoon by 14%.

Shrinking tractor & 2 wheeler sales reflecting the subdued rural demand

Manufacturing industry demonstrating uneven growth in April – July with industrial activity slow-

ing sequentially in July

Resumption of growth in production of consumer durables in recent months after a protracted period of contraction over

the last 2 years

Weaker exports & cheaper imports due to global overcapacity led to domestic capacity under utilization.

Inputs material costs fallen leading to increase in margin.

However, weak demand has more than offset the effect of the higher margin to hold back new investment intentions.

Low demand for cement and the large inventory of unsold residential houses.

Merchandise exports declined in the first 2 months of the Q2.

Imports too declined

The sharp fall in the industrial crude oil & gold prices was offset by rising import volumes.

Interesting to note – Non oil & Non gold imports contracted in Q2 reflecting poor domestic demand.

Forex reserves rose by US $ 10.4 billion during the first half of 2015 -16 due to sustained FDI & NRI deposits

Inflation likely to move up from September for a few months due to reversal of favorable base effect.

RBI’s Outlook - Will continue to remain accommodative and the focus of monetary action would shift to working with the

Govt towards transmission of the lower interest rate to the end user.

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