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Orientation Report On India Infoline Gold Loan

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

has a network of 2,500 business locations spread over more than 500 cities and towns across India. Date of joining - 2nd May, 2012 Branch location - 203, zoom complex Devil more, near PNB bank, Khanpur - 110062 Ph- 011- 29967960 Industry Mentor Mr.Akhilesh Gautam Mail id delhi.kanpur.gl @indiainfoline.com Contact no. 09311138870 Title of the project Project on Credit Appraisal on loan against Gold As, an intern in IIFL Gold loan I am, being trained as a management trainee under guidance of industry Mentor Akhilesh Gautam sir who is the branch manager over here.

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 . I visited HDFC bank they told us if you have the account in their bank the minimum transaction could be of Rs. 30,000 otherwise minimum transaction could be Rs. 40,000. They provided loan according to the guidelines which are provided by the RBI for gold loan. As compared with the other Banking and Non-banking sector INDIA INFOLINE gives the minimum loan of Rs.2100 per gram with the lower interest rate starting from 1.00% to 2.05%.

8th may 2012

Today we thought how to deal with clients and how to convince them that your 0rnaments are having 80-

94% of purity depending upon the various KARAT and other purity like HALLMARK gold ornament having 94% of purity. 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.

9th may 2012

Today we were introduce about the various gold loan schemes provided by the IIFL gold loan for its consumers. Various schemes are : FAST TRACK FAST TRACK 1 LAON LAXMI I,II,III READY MONEY I,II JALDI MONEY

10TH MAY 2012 -

Today we went to reliance capital in friends colony New Delhi . 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. 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 .

11th may 2012 -

Today we learned about the procedure for taking the money from the other branch. 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.

12th may 2012 Our branch had the case of balance


transfer from Muthoot Finance worth Rs.17,00,000. The whole day spent in this case not much learning.

VARIOUS LEARNONG EXPERIENCE

:- 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.

ACHIVEMENTS = I had lots of learning what to do when


there is case of other BRANCH MONEY TRANSFER , BALANCE 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.

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.

SUPPORT REQUIRED-

Our branch manager MR. AKHILESH GAUTAM helped me at each and every stage without whom I was unable to do anything. He is only person who trusted me and choose me for transferring the cash from other branch with their staff.

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