Barclays India - VisualBee

7/31/2019 Barclays India - VisualBee

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Group-8

Mujtaba Mir & Abhik Chakraborty -Documentation & PPT

Akshay, Kevin and Avinash Presentation

Ankush, Nishant and Pulkit - Research


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Barclays -Introduction

Extensive international presence in Europe, the

USA, Africa and Asia.

Barclays operates in over 50 countries and employsover 140,000 people.

Barclays moves, lends, invests and protects money

for over 49 million customers and clientsworldwide.
http://www.visualbee.com/upgrade.html


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Idea Feasibility- Based on Education Loan Domain

Education Loan Sector:

Booming sector

Growth Rate of 12%

As of October 2011 , the education loans taken

amounted to 48,965 crs.

Attracting student should be marketed as a

unique functional account .

Reinforce the bank's status as the leader in

innovation.


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Gaps found

Exit from retail banking

No products for education sector.

No micro finance options.

Loan approval process( inconvenience in

documentation )

No Education / Career counseling especially in

abroad career opportunities.

Lack of convenient repayment options.


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Barclays IndiaCan Barclays do it?

Barclays commercial customers operationstarted in November 2006.

Barclays Corporate, India is focused on

servicing the needs of:o large Indian corporates

o the corporates in the SME sector

o Indian companies looking to grow overseas.


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Barclays Indias Product Mix

Personal Banking:

Loans

Accounts and Deposits

NRI Banking

Credit Cards

Self Banking

Premier Banking

Corporate Banking Loans & financing

Deposits

Payments and Cash Managemen

Trade Finance

Treasury Solutions


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Current Players in Education Industry

Currently there are many banks which provide

educations like:

SBI

HDFC

ING

Canara Bank

ICICI

And many more.


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Design Linked to Market Wants

a. Loan cap raised.

b. Loan tenure increased.

c. Hassle free service.

d. Premium services unlike any other:

I. International Repayment options.

II. International Student Debit Card

III. Tie up with existing national offers


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STP


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Barclays Edu Loan- A Prototype of the Idea

Education Loan up to 75 lakhs for foreign education only.

Loan available up to a tenure of 10 yrs.

Loan repayment after 1 yr. of course completion or 6

months after obtaining employment which ever is earliest

Tax rebate on entire interest amount paid towards

education loan.

Provide free accounts to students opting for UK and USA.

Lower rates (-.25%) for premier institutes( e.g. AMBA

Accreditation)


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Barclays Edu Loan- Service Attributes( Comparison with other Education Loans)

Rate of interest will be floating rate of interest linked to Benchmark Prime Lending Rate (BPLR +

1%)

The interest will be calculated using Simple Interest Rate

Tax Rebate: Income tax benefit for an education loan is available under section 80E of the income

tax act

Facilitate instant funds transfer.

Provide cheque book and international debit card.

Loan Repayment within 7 years extendable up to 10 yrs.

Repayment in abroad locations/ foreign exchange .


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Education Loan Service

Spread is determined on the risk profile

Vary on account of a number of factors such as student's academic

background

Employability of the selected course from a selected college and country of

study

Financial strength of the co-borrower

Loan repayment capability

Credit history

Collateral offered or not


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Eligibility

Borrower must be an Indian citizen.

Co-borrower must be an Indian citizen.

Borrower must be 18 years of age or older.

Co-borrower must have a bank account in any bank

in India with check writing facilities.

Confirmed admission in the colleges before

disbursement.

Collateral land ,house , bank account


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Test Marketing

Approach existing Barclays customers.

Test Responses and rethink on services

included if necessary.

Talk to education consultancy firms

about the viability of service.


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Foreign Language Coaching Centers

TOEFL/IELTS Exam Centers

SAT/GRE/GMAT Coaching Centers

Tie up with Airlines.

Packaged Deals

Tie up with Foreign Calling Cards.

Ways to develop Business:

Documents

Barclays India - VisualBee