Upon successful completion of the program, the students will be awarded with a post graduate diploma in banking services by Manipal University
Axis Bank in association with Manipal Global Education Services (MaGE) has launched ‘Young Bankers’ Program, an initiative to attract young graduates to a career in banking with Axis Bank. Young Bankers Program, a one year full time residential program, will be conducted at Manipal University Bangalore Campus and will impart knowledge and skills in banking, etiquette & grooming, enhanced communication skills and other soft skills.
Upon successful completion of the program, the students will be awarded with a post graduate diploma in banking services by Manipal University and will be absorbed in the assistant manager grade by Axis Bank.
The program includes classroom sessions of 9 months split into 3 trimesters followed by an Internship of 3 months at any Axis Bank branch/office across the country. The Bank will provide financial support to the students during the one year period.
The average AUM of the UTI MF declined by 9.4% to Rs62,579.86 crore in the quarter ending September from the previous quarter
UTI Mutual Fund said its investor accounts increased by one lakh to 1 crore as of September-end, with increasing interest in systematic investment plans (SIPs).
The accounts have risen from 99.71 lakh in September 30, 2010 to 1 crore in September 30, 2011, UTI MF group president and chief marketing officer Jaideep Bhattacharya said.
He said investors are now preferring to invest in equity through SIPs. Besides, rising interest rates are making debt schemes attractive. "The inflows into MFs will increase in the next 3-4 months, as we target more retail customers," he said.
UTI MF currently has 87 products in its portfolio, which is a mix of equity, debt and hybrid schemes. "We are not planning to come out with any new product now. The existing products are performing well," he said.
The average assets under management (AUM) of the UTI MF declined by 9.4% to Rs62,579.86 crore in the quarter ending September from the previous quarter. He said the decline in AUM was mainly on account of hefty withdrawal by banks and financial institutions.
According to HDFC Bank, Solitaire will provide unmatched lifestyle offers, its wellness aspects will help women take holistic care of themselves in the midst of a busy career
Private sector lender HDFC Bank, that has launched premium credit cards exclusively for women, said it expects to add 4 million credit card customers in the next two years. The bank has about six million credit card customers. Of this, 1.5 million customers are women.
"We want to hit 10 million credit cards in the next two years and want the women's portfolio to significantly contribute to this with 2 million cards," HDFC Bank country head, (retail assets) Pralay Mondal told reporters.
The bank has launched a special card, Solitaire Premium, with a credit limit of Rs5 lakh for women. The other card Solitaire again introduced exclusively for women has a credit limit of up to Rs2 lakh.
The bank, which is the biggest issuer of credit cards in the country, will come out with new credit card products including co-branded card every quarter.
Talking about the features of the new card, Mondal said while Solitaire will provide unmatched lifestyle offers, its wellness aspects will help women take holistic care of themselves in the midst of a busy career. "We are looking at developing specific products for a complete bouquet for the entire family," HDFC Bank country head, (credit cards) Parag Rao said.
"We felt there was a vacuum in the premium credit card segment for women. We are sure that Solitaire will fulfil a long-standing need of women who are pursuing a successful career, travelling the world and are at the forefront of the global consumption story,” Rao said.
With Solitaire, Infinia and a pack of travel cards, HDFC Bank launched in the last 6 months has now an unparalleled premium bouquet of plastics in India, Rao added.