Asian School of Business Management (ASBM), one of the premier business schools of Orissa today a Post-graduate Programme in Banking, Insurance and Financial Services Management (PGPBIFSM). | |
| The programmed is tailored to meet manpower requirement in these sectors. |
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| Speaking on the occasion, industries minister Biswabhusan Harichandan said, only agriculture sector can't provide ample employment opportunities to the unemployed youth. |
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| With an aim to create maximum employment opportunity, the state government is promoting industrialisation in the state. |
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| The government has signed memorandum of understanding (MoUs) with more than 60 companies including 43 companies in the steel sector alone. |
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| Stating that the financial sector has been experiencing metamorphic changes, he said, new avenues of employment are opening up. |
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| The banking sector activities have expanded to areas like treasury operations, consortium lending, Small and Medium Enterprises and mutual fund. |
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| It is now the fastest growing segment in the service sector, he pointed out. |
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| The minister expressed the hope that the new course will provide sufficient employment opportunities. |
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| Delivering the keynote address the managing director of the State Bank of Hyderabad Amitav Guha said , the Gross Domestic Product (GDP) of the country is growing by more than 9 percent. |
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| The contribution of the service sector has been more than 11 percent in this growth. |
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| With a number of Indian companies resorting to foreign acquisitions and foreign banks entering the Indian market in a big way, there is need for greater specialisation in all the sectors. |
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| Quoting from a study of McKinsey, he said, the banking sector is going to play an important role in the global arena by 2020. |
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| While performing their task, he said, the managers need to be careful about the expectation of the customers. |
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| In this context the right product, right place and right time will be important. |
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| Factors like market capitalisation, aging population, customer value, innnovations in technology and risk management are going to influence the performance of the banking sector in a major way, he added. |
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| The director of ASBM Biswajit Patnaik said the PGPBIFSM course aims to bring appropriate balancing of banking, insurance and financial services. It is the only B-school focussing on the sectoral programmes, he claimed. |
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| The school had launched the retail programme management earlier. |
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| The new course contents 90 hours of elective study and 150 hours of soft skill development along with the foundation courses, specialisation and super specialisation programmes. |
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