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Name: Sahil Manchanda Roll No. : FT-(FS)-11-365 Name of SIP Faculty Mentor: Mr. Sachin Sinha Date of submission: 7th May 2012 Organization for SIP: India Infoline Gold Loan
Company profile - IIFL was founded in 1995 by Mr .Nirmal Jain (Chairman and Managing Director) as an independent business research and information provider. It gradually evolved into a financial services solution provider. IIFL
– 09311138870 Title of the project – Project on Credit Appraisal on loan against Gold As. As compared with the other Banking and Non-banking sector INDIA INFOLINE gives the minimum loan of Rs.05%.29967960 Industry Mentor – Mr.com Contact no.2100 per gram with the lower interest rate starting from 1.00% to 2.has a network of 2.Akhilesh Gautam Mail id – delhi. 30.kanpur. 8th may 2012 – Today we thought how to deal with clients and how to convince them that your 0rnaments are having 80- . I visited HDFC bank they told us if you have the account in their bank the minimum transaction could be of Rs.110062 Ph. ACTIVITY REPORT – 2 7th may 2012 our branch manager told us to visit various bank in khanpur market for analyze the banking sector procedure for providing loan to consumers .000 otherwise minimum transaction could be Rs.2nd May. 2012 Branch location . near PNB bank.500 business locations spread over more than 500 cities and towns across India.gl @indiainfoline. zoom complex Devil more.011. an intern in IIFL Gold loan I am.203. They provided loan according to the guidelines which are provided by the RBI for gold loan. Khanpur . being trained as a management trainee under guidance of industry Mentor Akhilesh Gautam sir who is the branch manager over here. Date of joining .000. 40.
We also learned how to calculate the purity of gold and maximum amount of loan to be given to the consumer as per the interest rate demanded by the consumer.II • JALDI MONEY 10TH MAY 2012 - Today we went to reliance capital in friend’s colony New Delhi . Various schemes are :• FAST TRACK • FAST TRACK 1 • LAON LAXMI I.III • READY MONEY I. 11th may 2012 - Today we learned about the procedure for taking the money from the other branch. Under this method we will give the money to the consumer in advance so that consumer can pay the loan amount to the existing firm and release their gold . There I was told about the consumer dealing with BT(balance transfer) method where the consumer who already have taken the gold from reliance but as our company funding amount is high as compared to other he was interested to make the transfer of loan to our branch.II.94% of purity depending upon the various KARAT and other purity like HALLMARK gold ornament having 94% of purity. 9th may 2012 – Today we were introduce about the various gold loan schemes provided by the IIFL gold loan for its consumers. In this procedure Ist of all our branch manager send the request for cash from other branch with the latest information by our territory head after the territory manager approved the request for transferring cash from other firm. .
000. . SUPPORT REQUIRED- Our branch manager MR. He is only person who trusted me and choose me for transferring the cash from other branch with their staff. ACHIVEMENTS = I had lots of learning what to do when there is case of other BRANCH MONEY TRANSFER . VARIOUS LEARNONG EXPERIENCE :. DIFFICULTIES FACED- Sometimes the consumers do not give the full information about their requirement as a result we are unable to convert them in to our consumer. The whole day spent in this case not much learning. AKHILESH GAUTAM helped me at each and every stage without whom I was unable to do anything.12th may 2012 – Our branch had the case of balance transfer from Muthoot Finance worth Rs.00.17. BALANCE TRANSFER .In this week I learned about the various procedures in the gold loan organization and also learned the procedure of BALANCE TRANSFER and CASH TRANSFER.Now I am confident enough to deal with consumers and also I may introduce them with various schemes with different interest rate according to demand.