Professional Documents
Culture Documents
Assignment A
1. Differenciate between Primary and Secondary Markets?
2. �Financial institutions provide the means and mechanism of transferring
command over resources from those who have an excess of income over expenditure to
those who can make use of the same with view to adding to the volume of productive
capital�. Discuss.
3. In the insurance sector a numbers of reforms have been introduced in the
recent past. Explain them in brief?
4. How IDFC has emerged as a company supporting infrastructure projects?
5. Profitability, Liquidity, Safety and Social Welfare are the major principles
which commercial banks strive to incorporate in their working. Explain.
6. Write a detailed note on the objectives, functions and contribution of IDBI.
7. What is the need for development banks in India? Explain the objects and
scope of Development Banks?
8. State the role objectives of financial institutions in India?
Assignment B
Case Detail :
Case Study # Lendingkart to offer its credit risk analytics software to financial
institutions
Lendingkart, an online lender to small and medium enterprises (SMEs), will offer
its credit risk analytics software as a service for other financial institutions in
2017, and aim to double its reach in the next six months, a top company executive
said.
�We plan to offer our analytics technology to other NBFCs (non-banking financial
companies) and financial institutions sometime in 2017,� said Lendingkart�s co-
founder Harshvardhan Lunia in a telephonic interview. �We aim to increase our reach
across various credit product, geography and customer segments by monetizing our
data analytics and credit scoring platform, which other lenders can use to evaluate
the credit worthiness of the borrowers�Also, it will help us to disburse more loans
without increasing our book size thus, increasing returns of assets for us,� Lunia
added in an email response.
Since its inception in 2014, the online NBFC, Lendingkart Finance Ltd has disbursed
7,000 loans to SMEs in over 450 cities. The company expects this number to cross
10,000 covering over 800 cities in next six months. Lendingkart Finance and
Lendingkart Technologies Pvt. Ltd are part of the Lendingkart Group. Lendingkart
Technologies has built analytics software to evaluate borrowers� credit worthiness.
Founded by Lunia and Mukul Sachan, Lendingkart underwrites working capital loans
online to SMEs, which have an annual turnover of Rs12 lakh to Rs1-1.5 crore. On an
average, these SMEs are lent Rs5.5-6 lakh at an annualized interest rate ranging
between 16% to 24%, for a duration of six to 12 months. Lendingkart claims to have
a loan application approval rate of 22-23%. The credit risk analytics technology
analyses the borrower or an SME on the basis of over 2200 variables and data
points, which includes industry type, business cash-flows and transactions, income
tax return filings of the business, its previous loan and repayment records, among
others. This is the technology that Lendingkart plans to share with other financial
institutions.
Lunia explains there are two possible ways in which it could monetize this service.
�Using our (risk analytics) technology, we could co-lend with other financial
institution in cases where SMEs have larger (capital) needs. The other way is that
we charge (the financial institutions) for using our technology,� he said. However,
Lunia added that it is too soon to forecast how much revenue Lendingkart will earn
from its technology.
Lendingkart, which has 350 employees across offices in Ahmedabad, Bengaluru and
Mumbai, has raised over $40 million from Betelsmann India Investment, Darrin
Capital Management and Mayfield India, among other investors. The fintech company
competes with Bengaluru-based Capital Float (Zen Lefin Pvt. Ltd), Instakash
Technlogies Pvt. Ltd, Neogrowth Credit Pvt. Ltd, IndiaLends (GC Web Ventures Pvt.
Ltd), among others.
In May, Capital Float raised $25 million (Rs170 crore) in an investment round led
by US-based Creation Investments. In August, Mumbai-based NeoGrowth raised Rs15
crore from Frontier Investments Group and IndiaLends raised about Rs6.5 crore from
DSG Consumer Partners, Siddharth Parekh and other angel investors.
Assignment C
1. The advance value of LIC policy is linked with ����.. Value.
Face
Surrender
Paid-up
Age