NOVEMBER 2016 - mail.shriramcity.commail.shriramcity.com/upload/breeze_november_2016.pdf · Shriram Housing Finance Ltd. too posted sterling results, with a growth of 75% in Assets

Shriram City—News Letter - Breeze- 1st November 2016

NOVEMBER 2016

Guru Nanak Jayanti - Guru Nanak Jayanti or Gurpurab

is one of the most revered day observed by the Sikh

community to glorify the tenets of Sikhism. Guru Nanak

Jayanti commemorates the birth of Guru Nanak, the

first Sikh Guru. Both in the literal sense and in essence,

Gurpurab means ‘festival of the gurus’. The historic day

is celebrated across the world by devout Sikhs with

great fervor and collective spirit and effort, asserting the

message of morality, hard work and truth inherent in the

preachings of Guru Nanak. Owing to the fact that Guru

Nanak enlightened the world with his profound

teachings, the day is also known as ‘Prakash Utsav’.

Children's Day is yet another important day which reaffirms the fact that education of

children can vastly contribute to a nation's development. Children's day which is

celebrated on November 14 every year, coincides with the birthday of Pandit Jawaharlal

Nehru, the first Prime Minister of India after Independence. Pandit Nehru, who was

endearingly called 'Chacha Nehru' had envisioned the vital role of children in the coun-

try's overall progress.

Children's Day

Guru Nanak Jayanti

“He who has no faith in himself can never have faith in God.” - Guru Nanak, Sri Guru Granth Sahib

https://www.goodreads.com/author/show/333495.Guru_Nanak

https://www.goodreads.com/work/quotes/3298636


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(QUOTE BY GANDHI) A customer is the most important visitor on our premises. He is not dependent on us. We are dependent on him. He is not an interruption in our work. He is the purpose of it. He is not an outsider in our business. He is part of it. We are not doing him a favor by serving him. He is doing us a favor by giving us an opportunity to do it.

Contributed by Milind Rajhans

Asst. Mgr - Admin/HR Regional Office, PUNE ZONE


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Shriram City reports strong Second Quarter results

Shriram City recently declared its financial results for the second quarter of FY2017 ended 30th September 2016. The Company reported a strong performance, with Standalone Net Profits at Rs. 204.49 Crore, a growth of 34.3% over the same period last year. Income from Operations, at Rs.1115.29 Crore was higher by 18 % year-on-year. Net Interest Income grew by 22.3% and stood at Rs. 735.13 Crore. Assets Under Management (AUM) surged by 18% to aggregate Rs.21390 Crore. While business exhibited robust growth, delinquencies were down for a second quarter in a row, testifying to the success of the diligent efforts of our Recovery teams. Shriram Housing Finance Ltd. too posted sterling results, with a growth of 75% in Assets Under Management to Rs. 1753 Crore and Net Profits of Rs. 10.1 Crore. In a press release, Ms. Subhasri Sriram, Executive Director & CFO, Shriram City said "We have managed to combine growth with improved asset quality in recent quarters. In addition, our incremental lending has comprised high asset

quality. At the same time, we continue to register growth in line with our guidance across all loan products. We are confident of sustaining our

performance in the remainder of the year, given that the festive season has commenced.” Here’s looking forward to an even better second half of FY2017!

Contributed by Mr.Jai Singh Ponde, Vice President, Investor Relations

Ms. Subhasri Sriram, Executive Director & CFO, Shriram City


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MSME IN INDIA & ROLE OF FINANCIER

We are happy to share with you that one of our employees - Mr. Amit Mahurkar , AGM , Maharashtra who is now also a Change leader in “PARIVARTAN” was invited to give a guest lecture @ DATTA MEGHE INSTITUTE OF MANAGMENT STUDIES. NAGPUR (Maharashtra) .

A synopsis of the speech is as below : Today in this era, development of MSME is of Prime Need, In India this "Unorganized sector" helps sustain Millions of lives .. MSME IN INDIA : MSME , largest ecosystem in India. 30 Million Registered ( Organized ) and 70 Million Unregistered in India, thus

huge Potential. Spread Across Length & Breadth of the Country 65 % are in manufacturing and 35 % are in the service sector. MSME units / small business sector is the Largest contributor to GDP. Surprisingly , these small MSME, shopkeepers, Vegetable vendors , Traders,

CNC machine Units etc., outperform Corporate sector in GDP Contribution Huge Employment opportunities are generated through these MSMEs.

Contributed by

Rukhsar Shaikh.

Zonal Manager .

Aurangabad Zone

ROLE / NEED OF FINANCIER: This Sector is starved of Credit . Banking sector Lending is a small fraction compared to Total requirement. Deprived of Funds, they borrow from family / friends / money lenders and also

from their savings . NBFCs focus on this & are playing an Important Role, Resulting in Financial In-

clusion. NBFC study the Cash Flow, developing Close Relationship, Flexible & more In-

novative than Banks. Creating an Engine for serving this sector through Innovative Products Must Consider this Sector as "Priority Sector "


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LET US KNOW WHAT THESE ABREVIATIONS MEAN

1. GOOGLE Global Organization Of Oriented Group Language Of Earth. 2. YAHOO Yet Another Hierarchical Officious Oracle.

3. WINDOW Wide Interactive Network Development for Office work Solution. 4. COMPUTER Common Oriented Machine Particularly United and used under Technical and Educational Research. 5. VIRUS Vital Information Resources Under Siege. 6. UMTS Universal Mobile Telecommunications System. 7. AMOLED Active-matrix organic light-emitting diode. 8. OLED Organic light-emitting diode.

9. IMEI International Mobile Equipment Identity. 10. ESN Electronic Serial Number.

11. UPS Uninterruptible power supply. 12. HDMI High-Definition Multimedia Interface. 13. VPN Virtual private network.

14. APN Access Point Name.

15. SIM Subscriber Identity Module.

16. LED Light emitting diode. 17. DLNA Digital Living Network Alliance. 18. RAM Random access memory.

19. ROM Read only memory.

20. VGA Video Graphics Array. 21. QVGA Quarter Video Graphics Array.

22. WVGA Wide video graphics array. 23. WXGA Widescreen Extended Graphics Array. 24. USB Universal serial Bus.

25. WLAN Wireless Local Area Network. 26. PPI Pixels Per Inch.

27. LCD Liquid Crystal Display. 28. HSDPA High speed down-link

packet access. 29. HSUPA High-Speed Uplink Packet Access. 30. HSPA High Speed Packet Access. 31. GPRS General Packet Radio Service. 32. EDGE Enhanced Data Rates for Globa Evolution. 33. NFC Near field communication. 34. OTG On-the-go.

35. S-LCD Super Liquid Crystal Display.

36. O.S. Operating system.

37. SNS - Social network service.

38. H.S - HOTSPOT.

39. P.O.I - Point of interest. 40. GPS - Global Positioning System.


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BILL GATES

never did Laxmi pooja

But he is the richest man.

EINSTIEN

never did Saraswathi pooja

But he was Intelligent.

Believe in Work,

Not in Luck.

Trust in God.

But don't be dependent on him.

The best om is Home.

The best age is Courage.

The best mile is Smile.

The best stand is Understand.

The best end is Friend.

The best day is Today.

41. DVD Digital Video Disk.

42. DTP Desk top publishing. 43. DNSE Digital natural sound engine. 44. OVI Ohio Video Intranet. 45. CDMA Code Division Multiple Access. 46. WCDMA Wide-band Code Division Multiple Access. 47. GSM Global System for Mobile Communications. 48. WI-FI Wireless Fidelity.

49. DIVX Digital Video Express 50. APK Authenticated public key. 51. J2ME Java 2 micro edition.

52. SIS Installation source.

53. DELL Digital electronic link library.

54. ACER Acquisition Collaboration Experimentation Reflection. 55. RSS Really simple syndication.

56. TFT Thin film transistor.

57. AMR Adaptive Multi-Rate.

58. MPEG Moving Pictures Experts Group.

59. IVRS Interactive Voice Response System.

60. HP Hewlett Packard.

Contributerd by R SANKAR Chennai

Contributed by: Srikanth.V, Enterprise Finance , Chennai-600024.


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Important facts about Banks in India

First bank established in India: Bank of Hindustan in 1770 Oldest bank in India originated in the Bank of Calcutta in June 1806

which was still in existence - State Bank of India

First Indian bank got ISO: Canara Bank

First India bank started solely with Indian capital investment is PNB

(Punjab National Bank)

First governor of RBI: Mr.Osborne Smith

First Indian Governor of RBI: Mr. C D Deshmukh

First bank to introduce savings account in India: Presidency Bank in 1833

First bank to introduce cheque system in India: Bengal Bank in 1833

First bank to introduce internet banking: ICICI bank

First bank to introduce mutual fund: State Bank of India

First bank to introduce credit card in India: Central Bank of India

Which cards are known as plastic money - Credit Cards.

Open market operations are carried out by - RBI

Capital market regulator is - SEBI

Largest Commercial bank in India - State Bank of India The International Bank for Reconstruction and Development (IBRD) is known as -

World Bank

India’s First Financial Archive has been set up at - Kolkata The bank which has launched Mobile Bank Accounts in association with

Vodafone’s m -paisa - HDFC Bank

Minimum money transfer limit through RTGS: 2 Lakhs

Maximum money transfer limit through RTGS: No Limit

Minimum & Maximum money transfer limit through NEFT: No Limit

NABARD was established in - July, 1982

Largest Public sector bank in India - SBI

Largest Private sector bank in India - ICICI Bank

Largest Foreign bank in India - Standard Chartered Bank

First Indian bank to open branch outside India i.e. London in 1946: Bank of India

First RRB named Prathama Grameen Bank was started by: Syndicate Bank

First Bank to introduce ATM in India: HSBC in1987, Mumbai

Bank of Baroda has the maximum number of overseas branches

Premium credit cards exclusively for women launched recently by - HDFC bank

FDI limit for new banks - 49%

FDI limit for private banks: 74%

Contributed by Preethi Annamalai

RISK MANAGEMENT Chennai


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ON THE OCCASION OF

GANESH FESTIVAL AT AURANGABAD DIVISION TEAM (MAHARASHTRA) Aurangabad CPU Maharashtra has been doing a theme for the Ganesha festival every year for the past 4-5 years. This time’s Theme was “Give and ask for help", About 12 wall papers related to the theme were put on the desktop for all employees – a good way of reminding them of the theme . Aurangabad CPU also scheduled a “Blood donation camp”, 45+Blood bags has been hand over to Blood bank. One more great activity by them – they initiated collection of old clothes from employees which were then distributed to poor children in the nearby slums .There were about 700 items collected and distributed . Kudos to the Aurangabad CPU team ! Good Work , Please keep it up ! Contributed by: Deepak Sonar, Regional Systems Head, Aurangabad CPU


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“Give and ask for help"

Wall Paper


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“Give and ask for help" Wall Paper


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DYKS – November 2016

PART I – Rules of DYKS

From this issue of ‘Breeze’ the Did You Know Series would start appearing in the monthly issues. 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.

PART II – State wise correct response to quiz in October 2016 Issue

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

3

SNo State Number of

Responses

1 Gujarat 5

2 New Delhi 2

3 Uttarakhand 1

4 Maharashtra 2

5 Uttar Pradesh 2

6 Tamil Nadu 3

7 Tamil Nadu ( H.O ) 1

8 Punjab 1

9 Andhra Pradesh 2

10 Madhya Pradesh 1

mailto:[email protected]


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PART III – State wise 1st correct response to quiz in

October 2016 Issue

SN

o

State Number of Responses

1 Gujarat Ms. Shweta Joshi

2 New Delhi Mr. Aditya Dargar

3 Uttarakhand Mr. Upasana Mishra

4 Maharashtra Ms. Vandana Babu Manjal

5 Uttar Pradesh Mr. Satish Mishra

6 Tamil Nadu Ms. Tharani

7 Tamil Nadu

( H.O )

Mr. Sundara Vadivel Natarajan

8 Punjab Mr. Kurdeep Kaur

9 Andhra Pradesh Mr. D.P.S. Pradeep Kumar

10 Madhya Pradesh Mr. Shishir Kumar Bajpai

PART IV – Answers to Quiz of

October 2016 issue

SNo Question Answer

1

The main function of I.M.F is to

C. Help to solve balance of payment problems of member countries

2

The maximum amount of the total revenue earned by the Government of India comes from

B. Excise Duty

3

The most power-ful tool used by the Reserve Bank of India to control inflation is to

A. Raise interest rates

DYKS - October 2016 1.When the growth of GDP in a country slows down suddenly, people start losing their jobs and the situation continues for several weeks, what name is given to this state of economy? a) Inflation b) Recession c) Deflation d) Economic Boom 2.OMO (Open Market Operation) is a tool used to control supply of money by purchasing or selling government securities. It is regulated by a) Government of India b) RBI c) World Bank d) IRDA 3.If a company which is not a non- banking financial company wants to collect public deposits, it is governed by ………… Act. a) RBI Act 1934 b) Banking Companies Act c) Companies Act 1956 d) Central Government


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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]

In order to succeed, we must first believe that we can.

-Nikos Kazantzakis

Documents

NOVEMBER 2016 - mail.shriramcity.commail.shriramcity.com/upload/breeze_november_2016.pdf · Shriram Housing Finance Ltd. too posted sterling results, with a growth of 75% in Assets