Press Release

Banking & Financial Analyst - BFA 2017 Batch of Students of BFA Level I and Level II Graduated Today. Nilesh Shah was the Convocation Guest

June 17, 2017, Mumbai

Nilesh Shah was the convocation guest for BFA 2017 batch of students of BFA Level I and Level II graduation

Banking & Financial Analyst – BFA 2017 convocation for the BFA Level I and Level II graduating batch of 2017, was held at Courtyard by Marriott, Mumbai today. The academy also inaugurated BFA 2018 batch of the BFA Level I & Level II program. Mr. Nilesh Shah, Managing Director, Kotak Mahindra Asset Management Co. Ltd., was the Chief Guest and presided over the event in Mumbai.

Shri Nilesh Shah, while delivering the convocation address said, "I would like to congratulate the youngsters who have participated in the program, worked hard and passed BFA Level I and Level II examinations. The stint with Brickwork Ratings will go a long way in giving a strong foundation for their careers as fixed income analysts, equity research analysts or risk analysts in both Indian and international markets."

Delivering the Inaugural Address, Prof. K R S Murthy, Advisor BFA and former Director of IIMB, said, "BFA Program has gradually emerged as a training ground for young analysts in equity, rating and risk. The program has far more practical inputs well suited for their careers in finance. I would like to congratulate all candidates who have passed BFA Level I and/or Level II examinations as well as those who attended classes and received participation certificates."

Welcoming the audience, Shri Vivek Kulkarni, IAS (Retd), President of Brickwork Finance Academy said, "BFA Level I and Level II program is growing every year and number of graduates now work for Brickwork Ratings, S&P Analytical Services, Moody’s Analytics, HSBC Research, HSBC Analytics, ANZ Bank, Fidelity, Cognizant, IL & FS, Laxmi Vilas Bank, Canara Bank and many other commercial and investment banking outfits. BFA program receives thousands of applications for the small class size. Hence we follow strong scrutiny in our enrolment process. The program is now available in many cities in India – Mumbai, Bengaluru, Delhi, Chennai, Kolkata, Ahmedabad, Chandigarh etc."

Proposing the vote of thanks, Shri D Ravishankar, Founder Director, Brickwork Ratings, stated "Banking and Financial Analyst (BFA) course is a unique program in the country to focus on the practical aspects of Credit, Investment and Risk Management. In view of this, the emerging successful students gets good demand for placement opportunities from Banks, Insurance Companies, Asset Management companies and financial sector companies."

Only 30% pass BFA Level II Exams

The BFA 2017 batch candidates were primarily post graduates, CA, CFA, ACCA, MBA, Engineers, MCom., MPhil., etc. About 49% of the candidates are MBA / Post Graduates / Engineers and about 41% have passed various levels of CA, CS, CFA-US, ACCA-UK. Of the candidates who appeared for BFA exams, 55% cleared BFA Level I and only 30% could clear BFA Level II this year.

The current BFA 2018 batch has enrolments from top B-schools such as IMT Dubai, Ghaziabad; Great Lakes of Management, Chennai. In addition, ACCA - Chartered Certified Accountant (U.K.), with CFA - US and CA students form a part of the community.

BFA LIVE & Internet program

Shri Vivek Kulkarni, while welcoming the new batch of candidates who have enrolled for BFA 2018 batch, said that BFA program is open to citizens all over the world. The program is available via internet and can be viewed at the convenience of the candidate in the comforts of home or office. One can see the program LIVE in classrooms in seven cities – Mumbai, Bengaluru, Delhi, Chennai, Kolkata, Ahmedabad and Chandigarh.

There are four options to pursue BFA program. Students can attend 9-month weekend classes offered at Brickwork Finance Academy in Bengaluru. They can view the same classes via internet mode from anywhere. They can attend LIVE classes from seven cities. Else, they can do self-study and take the exams directly.

About Brickwork Finance Academy

Banking & Financial Analyst (BFA) is a certification conferred upon by Brickwork Finance Academy. The certification is offered at two levels – BFA Level I and BFA Level II. The candidates who pass these exams would have higher level of analytical rigor, understanding of equity, fixed income, derivative markets, knowledge of Indian bank lending and mastery of credit and risk analysis. They could be absorbed as rating analysts, financial analysts, business analysts, credit analysts, risk analysts, loan officers, fixed income analysts in commercial banks, investment banks, mutual funds, insurance firms and pension funds. They can also be absorbed as business analysts in KPOs and IT firms in BFSI sector.

BFA has distinguished faculty with vast and relevant experience. Our faculty are from IIM, IISc., and hold PhD from the US universities. A few of the faculty are CA, CPA, MBA and experienced bankers.

Media Contact: Raghavendra: +91 97434 37999; Anitha: +91 99002 68535

Brickwork Finance Academy (BFA)’s fourth batch of students of BFA Level I and Level II graduated today & the academy inaugurated its fifth batch of Class 2017

June 18, 2016, Bangalore

Brickwork Finance Academy www.bfa-india.org organized convocation for the BFA Level I and Level II graduating batch of 2016, at their facility on Bannerghatta Road, Bengaluru today. The academy also inaugurated the fifth batch of the BFA Level I & Level II program. Mr. V Vaidyanathan, Founder & Chairman, Capital First Limited, was the Chief Guest and presided over the event at their BFA campus in Bengaluru.

Shri V Vaidyanathan, while delivering the convocation address said,“I am pleased to be a part of the BFA convocation ceremony at the BFA campus in Bengaluru. The Academy has a robust infrastructure with a well-equipped classroom enabling virtual classrooms in major cities in India. An impressive curriculum comprising of banking, portfolio management, risk management and credit management provides a strong ability to the students in the financial sector with prospective career opportunities in commercial banks, investment banks and mutual funds etc. I wish the BFA Level I and Level II graduates a great finance career ahead”

Delivering the Inaugural Address, Prof. K R S Murthy, Advisor BFA and former Director of IIMB, said, “I am glad that the BFA program uses highly qualified IIM and IISc. Professors and industry experts, that adds great value to those interested in pursuing a career in the BFSI sector. The BFA faculty, with their experience in the banking and credit rating industries, provides practical knowledge in credit, investment and risk management. I would like to congratulate the successful candidates of BFA Level I and Level II exam and wish them well in their finance careers in the banking and financial sector.”

Welcoming the audience, Shri Vivek Kulkarni, IAS (Retd), President of Brickwork Finance Academy said, “Brickwork Finance Academy is proud to announce the successful completion of four batches of Banking and Financial

Analyst BFA Level I and BFA Level II program. At the same time, we are happy to welcome the students stepping into the fifth batch of this successful program. We received more than 4000 applications for admission into BFA program of which more than 50% were from post graduates. BFA believes in quality in selection process as well as certification process. Only 30% of our present batch has cleared both BFA Level I & Level II exams, 60% have cleared BFA Level I exam. I would like to congratulate all the successful candidates and wish them success”

Proposing the vote of thanks, Shri D Ravishankar, Founder Director, Brickwork Ratings, stated “Banking & Financial Analyst course focuses on credit, investment and risk management programs to build knowledge and skill sets that are required at banks, insurance companies, mutual funds and large corporates. I believe in the changing economic environment, BFA offers specialisation & opportunities for placement as specialists in the market place."

Only 30% pass BFA Level II exams

The BFA 2016 batch candidates were primarily post graduates, CA, CFA, Engineers, M Tech, MSc, etc. About 60% of the candidates are MBA / Post Graduates and about 18% have passed various levels of CA, CS and CFA, US.  Of the candidates who appeared for BFA exams 60% cleared BFA Level I and only 30% could clear BFA Level II this year.

BFA LIVE & Internet program

Shri Vivek Kulkarni, while welcoming the new batch of candidates who have enrolled for BFA 2017 batch, said that BFA program is open to citizens all over the world. The program is available via internet and can be viewed at the convenience of the candidate in the comforts of home or office. One can see the program LIVE in class rooms in six cities – Mumbai, Delhi, Bengaluru, Kolkata, Ahmedabad and Chennai.

There are four options to pursue BFA program. Students can attend 9 month weekend classes offered at Brickwork Finance Academy in Bengaluru. They can view the same classes via internet mode from anywhere. They can attend LIVE classes from six cities. Else, they can do self-study and take the exams directly.

About Brickwork Finance Academywww.bfa-india.org

Banking & Financial Analyst (BFA) is a certification conferred upon by Brickwork Finance Academy. The certification is offered at two levels – Level I and Level II. The candidates who pass these exams would have higher level of analytical rigor, understanding of equity, fixed income, derivative markets, knowledge of Indian bank lending and mastery of credit and risk analysis. They could be absorbed as rating analysts, financial analysts, business analysts, credit analysts, risk analysts, loan officers, fixed income analysts in commercial banks, investment banks, mutual funds, insurance firms and pension funds. They can also be absorbed as business analysts in KPOs and IT firms in BFSI sector.

BFA has distinguished faculty with vast and relevant experience. Our faculty are from IIM, IISc, and hold PhD from the US universities. A few are CA, CPA, MBA and experienced bankers.

Media Contact: Raghavendra: +91 97434 37999; Anitha: +91 99002 68535

Mr. A Balasubramanian, CEO, Birla Sun Life Asset Management was the Chief Guest at BFA Level I and Level II -- Convocation

July 25, 2015, Bangalore

Brickwork Finance Academy www.bfa-india.org had organized convocation for the BFA Level I and Level II graduating batch of 2015, at their facility on Bannerghatta Road, Bengaluru today. Mr. A Balasubramanian, CEO, Birla Sun Life Asset Management delivered the convocation address.

As the Chief Guest, Mr. A Balasubramanian, Chief Executive Officer, Birla Sun Life Asset Management said, “I am pleased to deliver the convocation address at the BFA campus in Bengaluru. I was impressed with the facility, faculty and energy level of students. I am sure that BFA Level I and Level II candidates will find great jobs in the commercial banks, investment banks and mutual funds as well as KPOs in the outsourcing industry.”

Delivering the Inaugural Address, Prof. K R S Murthy, Advisor BFA and former Director IIM, said, “I am glad that the BFA program uses highly qualified IIM and IISc. Professors and industry experts, that adds great value to those interested in pursuing a career in the BFSI sector. The BFA faculty, with their experience in the banking and credit rating industries, provides practical knowledge in credit, investment and risk management. I would like to congratulate the successful candidates of BFA Level I and Level II exam and wish them well in their finance careers in the banking and financial sector.”

Earlier welcoming the audience, Vivek Kulkarni, President of Brickwork Finance Academy said, “Banking and Financial Analyst - BFA’s Level I and Level II are meant for bright and hardworking students. The exams are tough and test areas in banking, portfolio management, risk management and credit management. BFA believes in quality and only 37% have passed the BFA Level II exam. I would like to congratulate all the successful candidates and wish them success”

Proposing the vote of thanks, D Ravishankar, Founder Director, Brickwork Ratings, stated “Banking & Financial Analyst course focuses on credit, investment and risk management programs to build knowledge and skill sets that are required at banks, insurance companies, mutual funds and large corporates. I believe in the changing economic environment, BFA offers specialisation & opportunities for placement as specialists in the market place."

Only 37% pass BFA Level II exams

The BFA 2015 batch candidates were primarily post graduates, CA, CFA, Engineers, M Tech, MSc, etc. About 70% of the candidates are MBA and about 16% have passed various levels of CA, CS and CFA, US. About 70% candidates who appeared for BFA Level I exam passed. Only 37% of those who appeared for BFA Level II could pass this year.

BFA 2016 batch

Vivek Kulkarni, President of Brickwork Finance Academy welcomed the new batch of candidates who have enrolled for the BFA 2016 batch. About 70% of candidates already hold an MBA. About 15% have passed CFA/CA exams at various levels. These candidates will take the BFA Level I and II exams scheduled 9 April 2016. BFA exams are held in many centres across India on the second Saturday of April every year.

About Brickwork Finance Academy – www.bfa-india.org

Banking & Financial Analyst (BFA) is a certification conferred upon by Brickwork Finance Academy. The certification is offered at two levels – Level I and Level II. The candidates who pass these exams would have higher level of analytical rigor, understanding of equity, fixed income, derivative markets, knowledge of Indian bank lending and mastery of credit and risk analysis. They could be absorbed as rating analysts, financial analysts, business analysts, credit analysts, risk analysts, loan officers, fixed income analysts in commercial banks, investment banks, mutual funds, insurance firms and pension funds. They can also be absorbed as Business Analysts in KPOs and IT firms in BFSI sector.

There are three choices to pursue BFA program. They could attend 9 month weekend classes offered at Brickwork Finance Academy. They could view the same classes via Online. Else, they can do self-study and take the exams directly.

BFA has distinguished faculty with vast and relevant experience. Our faculty are from IIM, IISc, and hold PhD from the US universities. A few are CA, CPA, MBA and experienced bankers.

Media Contact: Raghavendra: +91 97434 37999, Anitha: +91 99002 68535

BFA survey shows 68% SME have no Independent Directors. If not mandatory, 80% SME don’t want to appoint any Independent Directors.

November 26, 2014, Bangalore

BFA has conducted a survey on Corporate Governance for selected CFOs spread across India. The survey samples covered companies of varying sizes. About 48% companies had revenue of Rs 10 cr. to Rs 100 cr. About 26% firms reported revenues between Rs 100 cr. to Rs 1000 cr. About 7% had revenues more than Rs 1000 cr. The Survey Results are published at www.bfa-india.org. Key Findings of the BFA survey are as follows.

Highly Promoter driven firms
The survey indicates, almost 60% firms have promoters stake more than 74%. In just 15% of the companies, the promoters held less than 49%. About 68% Companies, with sales between Rs 100 cr. to Rs 1000 cr., have promoters share over 74%. The results thus will be somewhat biased towards the views of promoters.

Composition of Board
According to BFA Survey, more than 43% firms do not have any independent directors. About 10% have one independent director. About 28% have more than three independent directors. Considering the sample, this implies that the Indian firms have started appointing more and more independent directors.

SME don’t want Independent Directors
However, it may be kept in mind that 68% companies with sales over Rs 1000 cr. have more than three independent directors. However, 67% of SME with sales of less than Rs 10 cr. have NO independent directors. Almost 80% SME don’t plan to appoint independent directors.

Independent Directors helpful?
More than 50% CFOs feel that the independent directors are helpful in decision making process. 18% however feel that presence of independent directors delays the decision-making. Almost one third are however not sure.

Will you appoint more?
If the regulation did not require any independent directors, the CFOs were asked if they plan to voluntarily increase the number of independent directors. Almost 41% replied with emphatic ‘No’. About 24% were not sure. Only one third felt they would try to have more number of independent directors. Almost 80% of SME do not intend to appoint independent directors, if not mandated by law.

Should Independent Directors take care of minority shareholders’ interests?
About 48% said yes. 27% CFOs replied in negative. Rest of them felt it is not feasible.

Mandatory CSR - Good or Bad?
The recent Companies Act makes 2% net profit contribution to CSR mandatory for companies. The debate is wide open with some feeling that the government should increase the tax rate by 2% and not get into corporate decisions on CSR. BFA survey finds that 60% corporate India welcomes the mandatory CSR. (Who said that the Indian corporate don’t have much social bent of mind?) About 20% don’t like the mandatory nature. Another 20% are not sure.

Too much regulation?
BFA asked corporates to answer if they felt present regulation a bit too much. The answers are mixed. About 30% felt regulation is too much. Another 30% felt regulation has to be increased. Around 40% felt the present level of regulation is appropriate. However, 20 % of CFO in large corporates of more than Rs 1000 cr. sales felt that regulation is too much.

Brickwork Finance Academy conducts many public interest surveys and publishes them for general discussion and for class room training. All are welcome to suggest any new surveys as well as feedback on our surveys to info@bfa-india.org

About Brickwork Finance Academywww.bfa-india.org
Brickwork Finance Academy is a registered non-profit organisation based in Bangalore. Brickwork’s primary vision is to propagate financial literacy in India. Brickwork can provide the impetus to CSR initiatives of companies, through distinctive, holistic financial literacy programs which have a high degree of societal impact and meet stakeholder expectations. The financial literacy programs are designed for all sections – school children, college students, young professionals, women and seniors. In addition, special programs are delivered for SME audience.

Mission
India suffers from acute financial illiteracy. Even educated professionals from well to do families may have no idea of savings, banks accounts and property matters. Women in particular suffer from trusting the rest of family in financial matters. Young professionals don’t have any idea of financial planning. The illiterate and poor are blind to financial knowledge and hence suffer the most. They lose their hard earned savings in chit funds and collective investment schemes. Brickwork’s mission is to conceive, develop and deliver training programs for schools children, college students, young professionals, women, SMEs etc. and Spread Global Financial Literacy.

To engage Brickwork for CSR, visit www.financial-literacy.in
Contact: Raghavendra: +91 97434 37999; Anitha +91 99002 68535

Banking and Financial Analyst - BFA Level I and Level II -- 2014 Convocation Address by Prof. Apte of National Institute of Bank Management

Brickwork Finance Academy (BFA) www.bfa-india.org had organized convocation for the BFA Level I and Level II graduating batch of 2014, at their facility on Bannerghatta Road, Bengaluru today. Welcoming the students, Vivek Kulkarni, President of BFA said, “BFA’s Level I and Level II are meant for those aspiring for a career with banks, investment banks, mutual funds, insurance firms as well as positions in BFSI sector in outsourcing industry.”

Delivering the inaugural address, Prof. K R S Murthy, Advisor BFA and former Director IIM, said, “Highly qualified IIM and IISc Professors and industry experts make the BFA program one of great value to those interested in pursuing a career in the BFSI sector. In addition to the banking and financial theory inputs, BFA faculty, with their experience in the banking and credit rating industries, provide practical knowledge of the world of practice and give valuable insights. I am sure that successful completion of BFA Level I and Level II exam is a sound foundation for success for those pursuing a career in the banking and financial sector. I wish them all success.”

The Presidential address was given by Dr. P G Apte, Adjunct Professor of Economics and Finance, at National Institute of Bank Management (NIBM). Dr. Apte stated that “the BFA program was very well designed. The biggest challenge faced by academic institutions today, is making graduates job-ready and improve their employability. With the backing of a large Indian corporate, industry oriented courses such as The Banking and Financial Analyst Program is what India needs today given the global exposure that our workforce faces.”

Proposing a vote of thanks, D Ravishankar, Founder Director, Brickwork Ratings, stressed the need for professionals in risk management areas in the commercial banks. He urged the students to make the best use of the opportunity provided by the Program.

About Brickwork Finance Academy – www.bfa-india.org
Banking & Financial Analyst (BFA) is a certification conferred upon by Brickwork Finance Academy. The certification is offered at two levels – Level I and Level II. The candidates who pass these exams would have higher level of analytical rigor, understanding of equity, fixed income, derivative markets, knowledge of Indian bank lending and mastery of credit and risk analysis. They could be absorbed as rating analysts, financial analysts, business analysts, credit analysts, risk analysts, loan officers, fixed income analysts in commercial banks, investment banks, mutual funds, insurance firms and pension funds. They can also be absorbed as finance and risk managers in finance departments of corporates.

There are three choices to pursue BFA program. They could attend 9 month weekend classes offered at Brickwork Finance Academy. They could view the same classes via Online. Else, they can do self-study and take the exams directly.

Media Contact: Raghavendra: +91 97434 37999

Brickwork Finance Academy Announces Essay Competition on “Finance for Life”

Brickwork Finance Academy announces an essay competition for graduate, post graduate students and young professionals. The topic of essay is “Finance for Life - How to retain value of money?”

Most individuals are now going for nuclear families and old couples have to look after themselves with minimum help from their children. It is critical for these couples that value of money from hard earned savings is maintained and finance be made available for Life. High inflation is eroding value of rupee. Rising dollar has made imports expensive and value of Indian rupee has fallen to Rs 55 per dollar. How can the Indian government and the central bank retain the real value of money?

A jury of eminent economists and finance professional, headed by Honorable Justice B. N. Srikrishna - Chairman, Financial Sector Legislative Reforms Commission, and having Mr. K. V. Kamath, Chairman, ICICI Bank; Dr. Govind Rao, Director, National Institute of Public Finance and Policy; Prof. Samir K. Barua, Director, IIM Ahmedabad; Mr. Sunil Kunte, President, Fidelity and Mr. N. Ganapathy Subramaniam- President, Banking and Financial Services, TCS, as its distinguished members, will select best three essays. The top three essays will win prizes worth Rs. 100,000/-.

The essay competition is open to graduates, post graduate students and young professionals with a zeal for finance.

Theme:
While no one doubts the long term growth story of India, the present seems precarious. After series of growth rates in 9% range, the country’s growth has slowed down to 5% levels. The inflation has been stubbornly high in double digits. The interest rates on bank deposits or long term savings don’t offer positive real rates. The real estate prices have been prohibitively expensive for poor and even middle class families. The unemployment scenario is distressing with more than 75% of our graduates not employable. Those who have got jobs in IT majors have to wait over a year after graduation to join the companies. Both the Union and the state governments continue with populist schemes and are not tackling problems of critical infrastructure like power, roads and water. Their budget deficit has resulted in increased government borrowing crowding out private investment. The Indian banks have been able to meet just 1.6% of loans requirement of SMEs, who are forced to seek money in informal sectors. The uncertainties in the Indian political parties and lack of any credible honest political alternative can be disastrous for future growth of the country.

How can Indian government kick start the economy? How can the government reduce fiscal deficit? How can the banks lend more to the companies and individuals?

While the outline is a suggestive one, it is not mandatory. The author has discretion to choose his own format and adopt innovative assertions based on facts and figures. While the essays have a 3000 word limit, the author is welcome to supplement with relevant Annexures.

The Jury:
All essays would be subject to a screening by a panel of faculty members of BFA. Shortlisted essays would be forwarded to a jury of eminent economists and finance professional. The members of the Jury are:

-- Honorable Justice B. N. Srikrishna - Chairman, Financial Sector Legislative Reforms Commission
-- Mr. K. V. Kamath -Chairman, ICICI Bank
-- Dr. Govind Rao - Director, National Institute of Public Finance and Policy
-- Prof. Samir K. Barua – Director –IIM Ahmedabad
-- Mr. Sunil Kunte –President, Fidelity Business Services
-- Mr. N. Ganapathy Subramaniam – President Banking & Financial Services, TCS

Three best essays will win prizes worth Rs. 100,000/-. In addition, ten essays will be awarded certificates of appreciation by Brickwork Finance Academy. The winners will be felicitated at a seminar at Brickwork Finance Academy campus on Kalena Agrahara, Bannerghatta Road, where select participants will be given a chance to present their findings before an intellectual audience.

About Brickwork Finance Academy
Brickwork Finance Academy (BFA), a non-profit organization, offers nine-month, weekend, Post Graduate Program (PGP) in Finance, for graduates, post graduates and working professionals looking for an enriching career in finance. The course is also open for bright students wishing to add finance certification on their resume.

The program is intended for candidates aspiring for careers in domestic and international BFSI sector. Those already in the outsourcing industry can undergo this Program to change their career to finance or develop client facing skills via advanced finance domain expertise. The program also prepares candidates for jobs in the Indian commercial banks, investment banks, mutual funds, insurance companies and more.

The certificate course offered by BFA covers vital areas in finance namely, Credit Management, Investment Management and Risk Management, with specific reference to the Indian and International financial markets. The faculty for the program is highly experienced industry experts, practitioners and academicians with hands on experience in the financial sector.

For more information please visit: www.bfa-india.org

Other Details:
Authors should go over the website, please visit www.bfa-india.org. Please call Raghavendra @ 9743437999 or Arti / Priya @ 97434 37888, for any clarifications.

Media Contact Details

Raghavendra
Brickwork Finance Academy
+91 97434 37999

Arti/ Priya
Brickwork Finance Academy
+91 97434 37888

Brickwork Finance Academy Offers a Session on ‘Export- Import Finance’ by an Experienced Banker

Brickwork Finance Academy will be conducting a session on Export- Import Finance, at its campus on Bannerghatta Road, Bengaluru, on Saturday, December 22, 2012 between 9.30 a.m. to 12.30 p.m.

Trade financing shares a number of common characteristics with the traditional value chain activities conducted by all firms. All companies must search out suppliers for the many goods and services required as inputs for their own goods production or service provision processes. Issues to consider in this process include the capability of suppliers to produce the product to adequate specifications, deliver said products in a timely fashion, and to work on product enhancements and continuous process improvement. All of the above must also be at an acceptable price and payment terms.

Very often, the buyer and seller are located in different countries and the geographical divide adds to the complexity of transactions between them.

The nature of the relationship between the exporter and the importer is critical to understanding the methods for import-export financing utilized in industry. Obtaining finance for the procurement of material for manufacture of goods and services can strain working capital cash flows of organizations. By using Import-Export financing solutions offered by banks, an organization can free its’ working capital for other purposes. Import- Export financing solutions provide greater flexibility in managing working capital working capital.

The session on export- import financing, will discuss various facets of export-import transactions, their financing, the regulations involved and various financial instruments and intermediaries operating in the market to facilitate these transactions.

About Professor K C Holla
K C Holla is currently Vice-President, Brickwork Ratings. He graduated from Bhandarkar’s College, Coondapur, in 1970 and completed CAIIB while working for a public sector bank. He attained the Cadre of Assistant General Manager with a renowned Indian Bank. He has had a successful career in the banking sector spanning over 36 years. Sharing knowledge and training people are his hobbies and the areas of his interest and passion are Forex, General Banking & Factoring.

About Brickwork Finance Academy
Brickwork Finance Academy (BFA), a non-profit organization, offers nine-month, weekend, Post Graduate Program (PGP) in Finance, for graduates, post graduates and working professionals looking for an enriching career in finance. The course is also open for bright students wishing to add finance certification on their resume.

The program is intended for candidates aspiring for careers in domestic and international BFSI sector. Those already in the outsourcing industry can undergo this Program to change their career to finance or develop client facing skills via advanced finance domain expertise. The program also prepares candidates for jobs in the Indian commercial banks, investment banks, mutual funds, insurance companies and more.

The certificate course offered by BFA covers vital areas in finance namely, Credit Management, Investment Management and Risk Management, with specific reference to the Indian and International financial markets. The faculty for the program is highly experienced industry experts, practitioners and academicians with hands on experience in the financial sector.

For more information please visit: www.bfa-india.org

For participation, you are requested to kindly mail a small brief about yourself along with your contact details to events@bfa-india.org by December 21, 2012, or please call Raghavendra @ +91 80 4040 9950 / +91 97434 37999 or Arti @91 97434 37888

Attendance to the session is strictly by invitation only.

Media Contact Details
Mr. Raghavendra,
Brickwork Finance Academy
+91 (80) 4040 9950 / +91 97434 37999

Arti:- 91-97434 37888

Brickwork Finance Academy Announces the “Brickwork Analyst Program”.

Brickwork Finance Academy’s (BFA) has announced a unique “Brickwork Analyst Program” for candidates aspiring for an enriching career as an analyst with Brickwork Ratings. Under this program candidates would be employed as Ratings Analyst or Research Analyst with Brickwork Ratings and will have to enroll for PGP in Finance offered by Brickwork Finance Academy. Candidates will have to work full time with Brickwork Ratings from Monday to Friday and attend classes on Saturday. Analysts would learn how to analyze financial statements, interact with management of corporate houses and do rating of small, large companies, banks, NBFC, state governments, MFI etc. Candidates who successfully complete the BFA Program will be considered for higher responsibilities at Brickwork Ratings.

Brickwork Finance Academy’s (BFA) Post Graduate Program (PGP) in Finance is a niche certificate program focused on Investment Management, Credit Management and Risk Management. The investment management module of the program provides inputs similar to the CFA course, while the Risk Management module provides inputs similar the FRM course. In addition, the PGP offered by BFA covers vital aspects related to Credit Management.

About Brickwork Finance Academy
Brickwork Finance Academy (BFA), a non-profit organization, offers nine-month, weekend, Post Graduate Program (PGP) in Finance, for graduates, post graduates and working professionals looking for an enriching career in finance. The course is also open for bright students wishing to add finance certification on their resume.

The program is intended for candidates aspiring for careers in domestic and international BFSI sector. Those already in the outsourcing industry can undergo this Program to change their career to finance or develop client facing skills via advanced finance domain expertise. The program also prepares candidates for jobs in the Indian commercial banks, investment banks, mutual funds, insurance companies and more.

The certificate course offered by BFA covers vital areas in finance namely, Credit Management, Investment Management and Risk Management, with specific reference to the Indian and International financial markets. The faculty for the program is highly experienced industry experts, practitioners and academicians with hands on experience in the financial sector.

Eligibility Criteria:
Graduates in any discipline with a good academic record are eligible to apply for “Brickwork Analyst Program”.
Selection Process: All applications will be reviewed by a faculty committee with reference to their academic credentials, scores in competitive exams like CAT / MAT / XAT / GMAT / other test scores, if any.

For more information please visit www.bfa-india.org or please call Raghavendra @ +91 80 4040 9950 / +91 97434 37999or Arti @ +91 97434 37888.

Media Contact Details
Mr. Raghavendra,
+91 (80) 4040 9950 / +91 97434 37999

Arti:- 91-97434 37888

Brickwork Finance Academy is Commencing Post Graduate Program in Finance for Second Class from 15th June 2013.

Brickwork Finance Academy’s (BFA) Post Graduate Program (PGP) in Finance is a niche certificate program focused on Investment Management, Credit Management and Risk Management. The investment management module of the program provides inputs similar to the CFA course, while the Risk Management module provides inputs similar to the FRM course. In addition, the PGP offered by BFA covers vital aspects related to Credit Management.

About Brickwork Finance Academy
Brickwork Finance Academy (BFA), a non-profit organization, offers nine-month, weekend, Post Graduate Program (PGP) in Finance, for graduates, post graduates and working professionals looking for an enriching career in finance. The course is also open for bright students wishing to add finance certification on their resume.

The program is intended for candidates aspiring for careers in domestic and international BFSI sector. Those already in the outsourcing industry can undergo this Program to change their career to finance or develop client facing skills via advanced finance domain expertise. The program also prepares candidates for jobs in the Indian commercial banks, investment banks, mutual funds, insurance companies and more.

The certificate course offered by BFA covers vital areas in finance namely, Credit Management, Investment Management and Risk Management, with specific reference to the Indian and International financial markets. The faculty for the program is highly experienced industry experts, practitioners and academicians with hands on experience in the financial sector.

Certification offered by Brickwork Finance Academy:
Everyone becomes more employable once they complete the PGP offered by BFA. Those in the IT companies can get promotions, client facing positions and opportunities in BFSI consulting. They can also get into the Indian Commercial & Investment Banks, Mutual Funds; Insurance Companies, NBFCs, BFSI wings of IT firms, KPOs etc. The candidates are also considered by Brickwork Ratings and Brickwork India.


Eligibility Criteria:
Graduates in any discipline with a good academic record are eligible to apply for BFA’s Post Graduate Program.

Selection process: All applications will be reviewed by a faculty committee with reference to their academic credentials, scores in competitive exams like CAT / MAT / XAT / GMAT / other test scores, if any.

Bright college students wishing to add a finance certification in their CV are also eligible to apply. They shall demonstrate their academic rigor based on the exams they have faced till the date of application. Such students will not be given PGP certification till they complete their graduation degree.

For more information please visit www.bfa-india.org or or please call Mr. Raghavendra @ +91 80 4040 9950 / +91 97434 37999 or Arti @ +91 97434 37888

Media Contact Details
Mr. Raghavendra,
+91 (80) 4040 9950 / +91 97434 37999

Arti:- 91-97434 37888

Brickwork Finance Academy offers a session on Derivatives, by an IIM Professor, at its campus on Bannerghatta Road, Bengaluru, on Saturday, December 1.

'By far the most significant event in finance during the past decade has been the extraordinary development and expansion of financial derivatives. These instruments enhance the ability to differentiate risk and allocate it to those investors most able and willing to take it - a process that has undoubtedly improved national productivity growth and standards of living.'
… Alan Greenspan

Derivatives are an important class of financial instruments in the financial and trade markets that enable risk protection and enable innovative investment strategies. Derivatives can be classified into different types, on the basis of how they are traded, the underlying asset on which they are based, and the way they are structured.

A thorough understanding of derivatives is however necessary and these instruments need to be used judiciously.

The markets today have many complex derivative products that are not understood completely and are being used to gamble for profits rather than for hedging. This is a very dangerous trend that could lead to major financial crisis in world markets –the financial crisis of 2008 being a case in point.

The session on derivatives will not only provide with a basic understanding of derivative, but will also address complex issues such as their pricing, the payoffs involved and hedging strategies.

About Professor Sankarshan Basu
Sankarshan Basu is an Associate Professor in the Finance and Control Area at the Indian Institute of Management Bengaluru (IIMB). He is currently the Chairperson of Career Development Services at IIMB. His research and teaching interests are in quantitative finance, particularly derivatives and fixed income securities and insurance and pension issues.

Prior to joining IIMB, Sankarshan has also worked with ICICI Ltd. (now ICICI Bank Ltd.), as well as been a teaching faculty at London School of Economics and Political Science and Heriot Watt University, Edinburgh, U.K. Sankarshan has also been a Visiting Professor at University of Twente, Netherlands and Gothenburg University, Sweden.

Sankarshan is very well travelled and has presented his works at a number of international conferences. He also has to his credit a number of papers in various international journals.

At IIM Bengaluru, Sankarshan is involved in teaching (both regular programs and executive development programs) consulting assignments as well as in a host of administrative activities.

About Brickwork Finance Academy
Brickwork Finance Academy (BFA), a non-profit organization, offers nine-month / weekend, Post Graduate Program (PGP) in Finance, for graduates, post graduates and working professionals looking for an enriching career in finance. The course is also open for bright students wishing to add finance certification on their resume.

The program is intended for candidates aspiring for careers in domestic and international BFSI sector. Those already in the outsourcing industry can undergo this Program to change their career to finance or develop client facing skills via advanced finance domain expertise. The program also prepares candidates for jobs in the Indian commercial banks, investment banks, mutual funds, insurance companies and more.

The certificate course offered by BFA covers vital areas in finance namely, Credit Management, Investment Management and Risk Management, with specific reference to the Indian and International financial markets. The faculty for the program is highly experienced industry experts, practitioners and academicians with hands on experience in the financial sector.

For more information please visit www.bfa-india.org or please call Mr. Raghavendra @ +91 80 4040 9950 / +91 97434 37999 or Arti @ +91 97434 37888 For press backgrounder on Brickwork Finance Academy click here Media contact details Mr. Raghavendra, +91 (80) 40409950 / +91 9743437999 Arti, +91 9743437888

Brickwork Finance Academy begins Foreign Exchange Risk Management Session

Brickwork Finance Academy offers Foreign Exchange Risk Management session at its campus in Kalena Agrahara, Bannerghatta Road, Bengaluru on November 17, 2012.

Without protections, volatile currency rate movements can turn a profitable deal into a dead loss
...John Price

Large number of Indian companies lost money while dealing with exotic derivatives that have known in and knock out features. A few companies based in Tirupur, the textile capital of India, almost lost their hard earned net-worth over decades. The companies alleged misspelling and sought relief from the courts. Axis Bank vs. Rajashree Sugars is a case study that brings out how these transactions were structured.

Managing currency fluctuations is critical for organizations operating in a global economic environment. The role of a Treasurer is no longer one of the functions carried out by the accounting team of a firm, but a function that requires expertise and top management involvement and monitoring. Financial markets are continuously evolving, and new products, new mechanisms of operating introduced often. It is important that a finance manager keeps up to date with all the developments in the international financial markets and uses new and innovative products to effectively manage the firms’ foreign exchange exposure.

As a part of its series on Corporate Risk Management, Brickwork Finance Academy will be conducting a session on Foreign Exchange Risk Management to specifically look at important aspects of the foreign exchange risk management process and the various instruments available for hedging such exposures.

The session is a part of promoting financial literacy and discussions amongst interested professionals and will be conducted by renowned Financial Expert and Author Prof. Shankar Jaganathan.

About Prof Shankar Jagannathan:
Prof Shankar Jaganathan is an independent, non-executive director on the Board of several Indian Companies and NGOs. He worked with Wipro Limited for 18 years as Corporate Treasurer and was instrumental in getting WIPRO Ltd. listed on the NYSE. He also headed the Technology Initiatives’ Programme and Academic and Pedagogy function in the Azim Premji Foundation, a not-for-profit organisation that looks at elementary education in the country.

A Chartered Accountant and Law Graduate with varied experience in Corporate, Academic and Social sectors, he has also authored a book titled, 'Corporate Disclosures 1553-2007: Origin of Financial and Business Reports' published by Rutledge in August 2008.

About Brickwork Finance Academy:
Brickwork Finance Academy (BFA), a non-profit organization, offers nine-month, weekend, Post Graduate Program (PGP) in Finance, for graduates, post graduates and working professionals looking for an enriching career in finance. The course is also open for bright students wishing to add finance certification on their resume.

The program is intended for candidates aspiring for careers in domestic and international BFSI sector. Those already in the outsourcing industry can undergo this Program to change their career to finance or develop client facing skills via advanced finance domain expertise. The program also prepares candidates for jobs in the Indian commercial banks, investment banks, mutual funds, insurance companies and more.

The certificate course offered by BFA covers vital areas in finance namely, Credit Management, Investment Management and Risk Management, with specific reference to the Indian and International Financial Markets. The faculty for the program is highly experienced industry experts, practitioners and academicians with hands on experience in the financial sector.

For more information please visit:www.bfa-india.org

For participation, you are requested to mail a small brief about yourself along with your contact details to events@bfa-india.org or please call Raghavendra @ +91 80 4040 9950 / +91 97434 37999 or Arti 91 97434 37999

Attendance to the session is strictly by invitation only.

Brickwork Finance Academy Announces "Post Graduate Program in Finance" Commencing 15th June 2013

Brickwork Finance Academy’s (BFA) Post Graduate Program (PGP) in Finance is a niche certificate program focused on Investment Management, Credit Management and Risk Management. The Investment Management Module of the program provides inputs similar to the CFA course, while the Risk Management Module provides inputs similar to the FRM course. In addition, the PGP offered by BFA covers vital aspects related to Credit Management.

The Institute:
Brickwork Finance Academy (BFA), a non-profit organization, offers a nine-month, weekend, Post Graduate Program (PGP) in Finance, for graduates, post graduates and working professionals looking for an enriching career in finance. The course is also open for bright college students wishing to add finance certification on their resume.

Who should apply?
The program is intended for candidates aspiring for careers in domestic and international BFSI sector. Those already in the outsourcing industry can undergo this Program to change their career to finance or develop client facing skills via advanced finance domain expertise. The program also prepares candidates for jobs in the Indian commercial banks, investment banks, mutual funds, insurance companies and more.

Course Work:
The certificate course offered by BFA covers vital areas in finance namely, Credit Management, Investment Management and Risk Management, with specific reference to the Indian and International financial markets. The Investment Management Module of the program provides inputs similar to the CFA course, while the Risk Management Module provides inputs similar to the FRM course. In addition, the PGP offered by BFA covers vital aspects related to Credit Management. The faculty for the program is highly experienced industry experts, practitioners and academicians with hands on experience in the financial sector.

Certification:
Everyone becomes more employable once they complete the PGP offered by BFA. Those in the IT companies can get promotions, client facing positions and opportunities in BFSI consulting. They can also get into the Indian Commercial & Investment Banks, Mutual Funds; Insurance Companies, NBFCs, BFSI wings of IT firms, KPOs, etc. The candidates are also considered by Brickwork Ratings and Brickwork India.

Eligibility Criteria:
Graduates in any discipline with a good academic record are eligible to apply for BFA’s Post Graduate Program. Selection Process: All applications will be reviewed by a Faculty Committee with reference to their academic credentials, scores in competitive exams like CAT / MAT / XAT / GMAT / other test scores, if any. Bright college students wishing to add a finance certification in their CV are also eligible to apply. They shall demonstrate their academic rigor based on the exams they have faced till the date of application. Such students will not be given PGP certification till they complete their graduation degree.

About Brickwork Finance Academy:
Brickwork Finance Academy (BFA), a non-profit organization, offers nine-month, weekend, Post Graduate Program (PGP) in Finance, for graduates, post graduates and working professionals looking for an enriching career in finance. The course is also open for bright college students wishing to add finance certification on their resume.

Brickwork campus is near Meenakshi Mall, Bannerghatta Road, Bengaluru. The PGP program is offered only at Bengaluru campus. Those wishing to visit our campus can call the numbers given below.

For more information please visit:www.bfa-india.org or please call Raghavendra @ +91 80 4040 9950 / +91 97434 37999 or Arti @ +91 97434 37888.

Primary Media Contact: Anitha Girish, anitha.g@brickworkratings.com 91-9900268535

Secondary Media Contact: Raghavendra, raghavendra.mp@bfa-india.org 91-80-40409950

Brickwork Finance Academy (BFA) offers Bond Mathematics session by an IIM professor on October 27, 2012

Brickwork Finance Academy offers a session on Bond Mathematics by an IIM professor at its campus on Bannerghatta Road, on Saturday, October 27, 2012 between 9.30 am to12.30 pm.

 “ You are neither right nor wrong because the crowd disagrees with you. You are right because your data and reasoning are right.”
…Warren Buffet


The quote by Warren Buffet is very apt for Bond Markets. Investment decisions need to be made on the basis of sound financial arithmetic. Since all investment decision involve parting with money and taking some amount of risk, it is important that such decisions are based on a rational decision making process. Bonds, though considered as low risk investment instruments can be “dangerous destroyers of purchasing power for investors.”
An informative session on Bond Mathematics organized by Brickwork Finance Academy will attempt to throw light on a few critical aspects of bonds and bond market investing that need to be considered by investors looking to enhance their portfolio values.
The session is part of promoting financial literacy and discussions amongst interested professionals and will cover the following topics:

  1. - Concept of Yields
  2. - Concept of Duration
    1. - Macaulay’s Duration
    2. - Modified Duration
    - Convexity
  3. - New and Hybrid Interest Rate Products
  4. - Floating Rate products
  5. - Bonds with embedded options
  6. - Inflation linked products

About Professor Sankarshan Basu:
Sankarshan Basu is an Associate Professor in the Finance and Control Area at the Indian Institute of Management Bengaluru (IIMB). He is currently the Chairperson of Career Development Services at IIMB. His research and teaching interests are in quantitative finance, particularly derivatives and fixed income securities and insurance and pension issues.

Prior to joining IIMB, Sankarshan has also worked with ICICI Ltd. (now ICICI Bank Ltd.), as well as been a teaching faculty at London School of Economics and Political Science and Heriot Watt University, Edinburgh, U.K. Sankarshan has also been a Visiting Professor at University of Twente, Netherlands and Gothenburg University, Sweden.

Sankarshan is very well travelled and has presented his works at a number of international conferences. He also has to his credit a number of papers in various international journals.

At IIM Bengaluru, Sankarshan is involved in teaching (both regular programs and executive development programs) consulting assignments as well as in a host of administrative activities.

About Brickwork Finance Academy:
Brickwork Finance Academy (BFA), a non-profit organization, offers nine month, weekend, Post Graduate Program (PGP) in Finance, for graduates, post graduates and working professionals looking for an enriching career in finance. The course is also open for bright college students wishing to add finance certification on their resume.
The program is intended for candidates aspiring for careers in domestic and international BFSI sector. Those already in the outsourcing industry can undergo this Program to change their career to finance or develop client facing skills via advanced finance domain expertise. The program also prepares candidates for jobs in the Indian commercial banks, investment banks, mutual funds, insurance companies and more.

The certificate course offered by BFA covers vital areas in finance namely, Credit Management, Investment Management and Risk Management, with specific reference to the Indian and International financial markets. The faculty for the program are highly experienced industry experts, practitioners and academicians with hands on experience in the financial sector.

Attendance to the session is strictly by invitation only.

For participation, you are requested to kindly mail a small brief about yourself along with your contact details to events@bfa-india.org  by October 26, 2012, or please call Mr.  Raghavendra @ +91 80 4040 9950 / +91 97434 37999.

Brickwork Finance Academy offers Bond Markets session by an IIM professor
on October 13, 2012

Brickwork Finance Academy offers Bond Markets session by an IIM professor at its campus in Kalena Agrahara, Bannerghatta Road, Bengaluru, on Saturday, October 13, 2012 between 9.30 am to 12.30 pm.

The success of the international financial system depends up on the availability of financial assets that can be bought and sold easily and which retain their value over a long period of time.  Bonds and treasury bills issued by the Federal Reserve have played an important role in global funding by providing liquidity and safety. This also explains why bulk of the foreign exchange reserves held by nations, are in US dollars and why the greenback is the currency of international trade In India too, the bond market is a huge contributor to the stable growth of the economy by enabling entities to raise funds to support the infrastructural development and expansion plans.

The bond market, also known as the credit, or fixed income market  can be defined as  a financial market where participants can issue new debt (primary market) or buy and sell debtsecurities (secondary market) usually in the form of bonds. The primary goal of the bond market is to provide a mechanism for long term funding of public and private expenditures.

The session will discuss in detail, the salient features of these markets with specific reference to the various instruments available, namely:

  • Plain Vanilla Debt
  • Zero Coupon Bonds
  • Floating Rate Bonds
  • LIBOR
  • Callable and Puttable Bonds
  • Convertible Bonds

The session is part of promoting financial literacy and discussions amongst interested professionals.

About Brickwork Finance Academy:
Brickwork Finance Academy (BFA), a non-profit organization, offers nine-month, weekend, Post Graduate Program (PGP) in Finance, for graduates, post graduates and working professionals looking for an enriching career in finance. The course is also open for bright students wishing to add finance certification on their resume.
The program is intended for candidates aspiring for careers in domestic and international BFSI sector. Those already in the outsourcing industry can undergo this Program to change their career to finance or develop client facing skills via advanced finance domain expertise. The program also prepares candidates for jobs in the Indian commercial banks, investment banks, mutual funds, insurance companies and more.

The certificate course offered by BFA covers vital areas in finance namely, Credit Management, Investment Management and Risk Management, with specific reference to the Indian and International financial markets. The faculty for the program is highly experienced industry experts, practitioners and academicians with hands on experience in the financial sector.

For more information please visit www.bfa-india.org

For participation, you are requested to kindly mail a small brief about yourself along with your contact details to events@bfa-india.org  by October 12, 2012, or please call Raghavendra @ +91 80 4040 9950/ +91 97434 37999.
Attendance to the session is by invitation only.

Brickwork Finance Academy announces session on “US Equity Markets”

Brickwork Finance Academy announces session on “US Equity Markets at its campus in Kalena Agrahara, Bannerghatta Road, on Saturday, October 6, 2012 between 9.30 am to12.30 pm.
Globalization and the outsourcing boom has made it imperative for finance professionals in India to not only have a thorough understanding of financial markets in the country, but also to have  good knowledge of the market structures abroad, especially the US. This is particularly relevant as Indian BPO / KPO firms attempt to maintain and consolidate their position by providing value added services, in order to ward off stiff competition from other economies like China, Philippines, Vietnam etc.

The session aims to discuss various aspects of the US markets namely:

  1. Order-Driven Vs. Quote-Driven Markets
  2. Exchanges and OTC Markets
  3. Role of Specialists
  4. Alternative Trading Systems
  5. Basic Functioning of the Stock Markets
  6. Evolving Stock Market Practices

 

The session is part of promoting financial literacy and discussions amongst interested professionals.

Brickwork Finance Academy (BFA), a non-profit organization, offers 9-month Post Graduate Program in finance. The coursework includes 18 modules in basic finance, investments, credit and risk management. The course uses popular international text books and covers course material relevant for both the US and Indian stock markets, mutual funds, insurance firms and commercial banks. The program is intended for students aspiring for careers in domestic and international BFSI sector. Those already in the outsourcing industry can undergo this Program to change their career to finance or develop client facing skills via advanced finance domain expertise.  For more information please visit www.bfa-india.org

For participation, you are requested to kindly mail a small brief about yourself along with your contact details to events@bfa-india.org  by October 5, 2012, or please call  Raghavendra @ +91 80 4040 9950/ +91 97434 37999.

Attendance to the session is by invitation only.

Brickwork Finance Academy Announces Session on “Understanding True Value of a Firm”

Brickwork Finance Academy announces session on “Understanding True Value of a Firm” at its campus in Kalena Agrahara, Bannerghatta Road, on Saturday, September 29, 2012 between 2.00 to 5.00 pm.

“Good companies are not necessarily Good Investment”.

A variety of factors like an investors’ investment objective, investor time horizon, risk appetite, liquidity preference need to drive investment choices made.

In addition, corporations need to be evaluated both internally and externally to determine whether they would facilitate the ultimate goal of wealth maximization for investors.
The decision pertaining to what qualifies as a “good” investment or a “bad” investment is not always easy. Markets are very dynamic and continuous monitoring of fundamental and technical factors is required.

The session on Company Valuation is an attempt to address some of the aspects that need to be considered while investing in a company’s stock and would cover the following:

- Understanding Firms: Lessons from Warren Buffet

- Company Valuation Models: The Quantitative Approach
- Dividend Discount Model
- P/E - EPS Approach
- Discounted Cash Flow Method

- Company SWOT: The Qualitative Approach

- Case Study

The session is part of promoting financial literacy and discussions amongst interested professionals.

For participation, you are requested to mail a small brief about yourself along with your contact details to events@bfa-india.org by 28 September, 2012, or please call Raghavendra @ +91 80 4040 9950/ +91 97434 37999.

Attendance to the session is by invitation only.

About Brickwork Finance Academy
Brickwork Finance Academy (BFA), a non-profit organization, offers 9-month Post Graduate Program in finance. The coursework includes 18 modules in basic finance, investments, credit and risk management. The course uses popular international text books and covers course material relevant for both the US and Indian stock markets, mutual funds, insurance firms and commercial banks. The program is intended for students aspiring careers in domestic and international BFSI sector. Those already in the outsourcing industry can undergo this Program to change their career to finance or develop client facing skills via advanced finance domain expertise. For more information please visit www.bfa-india.org.

September 8th, 2012: Session Review.

Public Finance – US vs India session at Brickwork Finance Academy

Brickwork Finance Academy conducted session on Public Finance – Fiscal and Monetary Policies in India & US- Part II, at its campus in Bannerghatta Road, on Saturday, September 8, 2012 at 9.30am.

The session chaired by Prof. Vivek Kulkarni, looked at the fiscal and monetary policies of both India and US with reference to the present economic conditions. A few highlights of the session are enumerated below:

Public finance is the study of fiscal and monetary policies. Brickwork Finance Academy always strives to compare the US and India in terms of polices. The Government of India is struggling to maintain the 9% GDP growth rate that the country had seen in the recent past. The Central government’s finances are strained with high budget deficit, continued subsidies and coalition compulsions. In the US, the fiscal deficit and debt are ballooning and debate of intergenerational storm has started. The gridlock between Republicans and Democrats and Indian coalition compulsions, shows how similar the politicians can be all over the world.

The primary job of the Reserve Bank of India is to preserve the value of money and control inflation within limits. The Indian economy is slowing down, the real economy has not been liberalised and banks’ non-performing loans going up. The RBI has to control inflation, yet, keep up the velocity of money circulation and enhance bank loans. The RBI is constrained by supply side bottlenecks and high budget deficit and subsidies.

The US is however facing low inflation, high unemployment and has been trying to kick-start the economy. The Fed balance sheet has tripled since 2007 and the Fed has been printing money by aggressive bond buying, both mortgage and treasuries. In spite of increase in monetary base the banks have not been lending. Instead, they are keeping the money with the Fed. While the bank’s reserves have gone up from just $21 billion to over $1.5 trillion, most of increases are just excess reserves with Fed. That shows that quantitative easing has not increased any bank lending and jobs are not being created at the required pace.

However the US dollar continues to show its inherent strength in spite of economy. While comparing RBI’s and US Fed’s balance sheet, one can notice the forex assets make up almost 50% of RBI assets. The US Fed holds just 1% forex assets since the dollar has enormous value. In spite of budget deficits, and mushrooming debt, the US dollar retains value, primarily due to strong democratic institutions. The Indian rupee can go up as we see more reforms, transparency in Governance of both central and state governments along with better non corrupt institutions.

The session was a part of BFA’s initiative in promoting financial literacy and was well received by the audience. The charts used to compare the US Fed and the Indian RBI are available at http://www.bfa-india.org/events.html.

About Brickwork Finance Academy:

Brickwork Finance Academy (BFA), a non-profit organization, offers 9 months post graduate programs in finance. The coursework includes 19 modules in basic finance, investments, credit and risk management. The course uses international popular text books and covers course material relevant for both the US and Indian stock markets, mutual funds, insurance firms and commercial banks. The program is intended for students aspiring in careers in domestic and international BFSI sector. Those already in the outsourcing industry could take the program to change their career to finance or develop client facing skills via advanced finance domain expertise. For more information please visit http://www.bfa-india.org.

Primary Media Contact:
Raghavendra MP, events@bfa-india.org, raghavendra.mp@bfa-india.org, 91-97434 37999

Secondary Media Contact:
Arti Rawat, arti.r@bfa-india.org, 91-97434 37888

Brickwork Finance Academy announces an Essay Competition on “Finance for Life”

Brickwork Finance Academy announces an essay competition for graduate, post graduate students and young professionals. The topic of essay is “Finance for Life - How to retain value of money?”

Most individuals are now going for nuclear families and old couples have to look after themselves with minimum help from their children. It is critical for these couples that value of money from hard earned savings is maintained and finance be made available for Life. High inflation is eroding value of rupee. Rising dollar has made imports expensive and value of Indian rupee has fallen to Rs 55 per dollar. How can the Indian Government and the central bank retain the real value of money?

A jury of eminent economists and finance professionals, headed by Honorable Justice B N Srikrishna, Chairman, Financial Sector Legislative Reforms Commission, and having Mr. K V Kamath, Chairman, ICICI Bank; Dr. Govind Rao, Director, National Institute of Public Finance and Policy & Prof. Samir K Barua, Director, IIM Ahmedabad, as its distinguished members, will select best three essays. The top three essays will win prizes worth Rs. 100,000/-.

The essay competition is open to graduates, post graduate students and young professionals with a zeal for finance.

Theme:

While no one doubts the long term growth story of India, the present seems precarious. After series of growth rates in 9% range, the country’s growth has slowed down to 5% levels. The inflation has been stubbornly high in double digits. The interest rates on bank deposits or long term savings don’t offer positive real rates. The real estate prices have been prohibitively expensive for poor and even middle class families. The unemployment scenario is distressing with more than 75% of our graduates not employable. Those who have got jobs in IT majors have to wait over a year after graduation to join the companies. Both the Union and the state governments continue with populist schemes and are not tackling problems of critical infrastructure like power, roads and water. Their budget deficit has resulted in increased government borrowing crowding out private investment. The Indian banks have been able to meet just 1.6% of loans requirement of SMEs, who are forced to seek money in informal sectors. The uncertainties in the Indian political parties and lack of any credible honest political alternative can be disastrous for future growth of the country.

How can Indian Government kick start the economy? How can the government reduce fiscal deficit? How can the banks lend more to the companies and individuals?

While the outline is a suggestive one, it is not mandatory. The author has discretion to choose his own format and adopt innovative assertions based on facts and figures. While the essays have a 3000 word limit, the author is welcome to supplement with relevant Annexures.

The Jury:

All essays would be subject to a screening by a panel of faculty members of BFA. Shortlisted essays would be forwarded to a jury of eminent economists and finance professionals. The members of the Jury are:

  • Honorable Justice B N Srikrishna, Chairman, Financial Sector Legislative Reforms Commission
  • Mr. K V Kamath, Chairman, ICICI Bank
  • Dr. Govind Rao, Director, National Institute of Public Finance and Policy
  • Prof. Samir K Barua, Director, IIM Ahmedabad
  • Mr. Sunil Kunte, President, Fidelity Business Services
  • Mr. N Ganapathy Subramaniam, President Banking & Financial Services,TCS

Three best essays will win prizes worth Rs. 100,000/-. In addition, ten essays will be awarded certificates of appreciation by Brickwork Finance Academy. The winners will be felicitated at a seminar at Brickwork Finance Academy campus on Kalena Agrahara, Bannerghatta Road, Bengaluru, where select participants will be given an opportunity to present their findings before an intellectual audience.

Other Details:

Authors should go over the website www.bfa-india.org to see the specific rules. Please call Raghavendra @ 9743437999 or Arti / Priya @ 9743437888, for any clarifications.

Practitioner’s Approach to Equity Valuation: September 15, 2012

Brickwork Finance Academy announces session on “Practitioners’ Approach to Equity Valuation” at its campus in Kalena Agrahara, Bannerghatta Road, on Saturday, September 15, 2012 between 9.30am to 12.30 pm.

Savings and Investments are the very essence of successful financial planning. It is important that every individual acquires some basic understanding of the financial markets; the types of investment options that are available, the possible risks associated with these and the potential returns that could be earned. Such an understanding not only enables individuals to make informed choices with regard to their hard earned money, but will also help them to retain the “Value of Money”.

Inflation eats into the purchasing power of money over a period of time. If savings and investments do not grow in sync with the rate of inflation, then sustaining a given standard of living is difficult. All long term investment avenues like pension plans, retirement funds, children education plans, balanced funds and equity funds must therefore be chosen as investment options after a careful assessment of individual investors’ needs and his/ her investment horizon.

However, the decision pertaining to what qualifies as a “good” investment or a “bad” investment is not always easy. Markets too are very dynamic and continuous monitoring of fundamental and technical factors is required.

The session on equity valuation is an attempt to address some of the aspects of dealing in the capital markets and would cover the following:

  1. 1. Investment Choices available
  2. 2. Equity Valuation:
    1. a. Basic Techniques
    2. b. The E-I-C Approach
  3. 3. Case Study: finding true value of a company

The session is part of promoting financial literacy and discussions amongst interested professionals.

For participation, you are requested to kindly mail a small brief about yourself along with your contact details to events@bfa-india.org by 14 September, 2012, or please call Mr. Raghavendra @ +91 80 4040 9950/ +91 97434 37999.

Attendance to the session is by invitation only.

To know more about Brickwork Finance Academy visit www.bfa-india.org

Brickwork Finance Academy announces session on “Public Finance – Fiscal and Monetary Policies in India & US - Part II”

Brickwork Finance Academy announces session on Public Finance – Fiscal and Monetary Policies in India & US- Part II, at its campus in Kalena Agrahara, Bannerghatta Road, on Saturday, September 8, 2012 at 9.30am.

The session would look at the fiscal and monetary policies of both India and US with reference to the present economic conditions.

While no one doubts the long term growth story of India, the present seems precarious. The uncertainties in the Indian political parties, fiscal deficits of governments, inadequate penetration of banking system, uncomfortable level of inflation have made decision making difficult. While the country has undertaken many reforms in the financial sector, reforms in the real sector have been lacking. This has had an impact on the levels of growth in the country. After series of growth rates in 9% range, the country’s growth has slowed down to 5% levels. The inflation has been stubbornly high in double digits. The interest rates on bank deposits or long term savings don’t offer positive real rates. The real estate prices have been prohibitively expensive for poor and even middle class families. The unemployment scenario is distressing. Both the Union and the State Governments continue with populist schemes and are not tackling problems of critical infrastructure like power, roads and water

The US too shows political gridlock in cutting budget deficit and faces an election year that can throw up huge challenges for the next President. The US monetary policy with substantial quantitative easing has tripled the Fed’s balance sheet, yet the credit growth has not taken off. While the US corporate profits are healthy, the employment growth has not picked up. The economic policy has in the past often focused on the need to prop up banks, by way of record-low interest rates across the developed world or the recent case of providing unlimited liquidity by the European Central Bank. The long-term impact of these policies will be hard to reverse and are difficult to assess.

Another point of view could be that the financial sector has inhibited growth in other areas of the economy. While no one can argue about the fact that banks and venture-capital groups play a vital role in supporting new companies, it is possible that the extremely high rewards in the financial industry have diverted talented people away from other activities that could have helped rich economies to grow more sustainably?

Many researchers are now referring to the western economies as “extractive economies”, with their banking sector and public sector being referred to as “extractive elites”. The wealth of the financial industry gives it enormous lobbying power, including as contributors to American presidential campaigns. By being “too big to fail”, banks ensured that they had to be rescued in 2008. It is not uncommon for political parties to reward their supporters with jobs and benefits that have been funded by the general taxpayer. Public-sector employees, in the developed part of the world have more generous pension rights than the majority of private-sector workers. Many recipients of social benefits, those dependent on the public purse, in majority, are populations of rich countries. Public-sector unions are also the most vocal in opposing labour-market reforms needed to reduce structural unemployment.

The session is part of promoting financial literacy and discussions amongst interested professionals. The session is short and expected to be over by 10.30 am.

Those interested should rush their email with brief profile to events@bfa-india.org. Based on availability of seats, invitations will be sent. Participation in the event is by invitation only.

Please call: Raghavendra @ 97434 37999 or Arti/Priya @ 97434 37888 for registration.

Brickwork Finance Academy announces session on “Finance Careers in India”

Greetings from Brickwork Finance Academy!

Brickwork Finance Academy announces session on “Finance Careers in India” at its campus on Kalena Agrahara, Bannerghatta Road, Bengaluru on Friday, August 31, 2012 at 5:00 PM.

The professional courses and the MBA courses available in the country today, aim to address the requirement of qualified and competent workforce in industry. However, the gap between demand for and availability of skilled workforce continues to exist as a large number of qualified graduates are not competent enough to be absorbed by industry. This deficiency may be a result of the diminishing focus on quality of education across the plethora of management institutions that have mushroomed across the length and breadth of the country. The industry academia gap may also be a result of excessive focus on theoretical concepts rather than a healthy mix of theory and practice.

An important aspect crucial to any finance function today, is that finance professionals have to constantly upgrade their knowledge base, in order to cope with the dynamic external environment. The changing regulatory framework, introduction of new financial products, and changing client requirements require a finance professional to keep abreast of the latest developments in these markets. Focused financial courses can enable an individual to keep up to date with developments in their respective domains.

One such course is the Post Graduate Program in Finance offered by Brickwork Finance Academy. This course covers vital areas in finance namely, Credit Management, Investment Management and Risk Management, with specific reference to the Indian and International financial markets. The faculty of the program, are highly experienced industry experts, practitioners and academicians with hands on experience in the financial sector. Spread over nine months with 270 contact hours, the program provides its participants an opportunity to interact with industry experts enabling them to understand practical aspects of the current environment and the challenges in the finance sector.

In line with the objectives of facilitating continuous learning, laid out in its Charter, Brickwork Finance Academy will be conducting an interactive session on “Finance Careers in India” with specific reference to the BFSI sector in the month of September.

Those interested in attending this session are requested to kindly mail a small brief about themselves along with their contact details to events@bfa-india.org by 30th August, 2012, or please call Raghavendra @ +91 80 4040 9950/ +91 97434 37999.

Attendance to the session is by invitation only.

To know more about Brickwork Finance Academy visit www.bfa-india.org.

Brickwork Finance Academy announces Public Finance Session

Brickwork Finance Academy announces Public Finance – India & US, at its campus on Kalena Agrahara, Bannerghatta Road, on Saturday, August 25, 2012 at 11 am.

The session would look at the fiscal and monetary policies of both India and US with reference to the present economic conditions. While no one doubts the long term growth story of India, the present seems precarious. The uncertainties in the Indian political parties, fiscal deficits of governments, inadequate penetration of banking system, uncomfortable level of inflation have made decision making difficult. While the country has undertaken many reforms in the financial sector, reforms in the real sector have been lacking. The US too shows political gridlock in cutting budget deficit and faces an election year that can throw up huge challenges for the next President. The US monetary policy with substantial quantitative easing has tripled the Fed’s balance sheet, yet the credit growth has not taken off. While the US corporate profits are healthy, the employment growth has not picked up.

The session is part of promoting financial literacy and discussions amongst interested professionals. The session is short and expected to be over by 12.30. Since the discussions will be freewheeling, media persons are not encouraged to attend. Those interested should rush their email with brief profile to events@bfa-india.org.
Based on availability of seats, invitations will be sent. The event is by invitation only. Please call:  Raghavendra @ 97434 37999 or Arti/Priya @ 97434 37888 for registration.

For more details on Brickwork Finance Academy please visit www.bfa-india.org.