New management course at ASBM

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.

Speaking on the occasion, industries minister Biswabhusan Harichandan said, only agriculture sector can't provide ample employment opportunities to the unemployed youth.

With an aim to create maximum employment opportunity, the state government is promoting industrialisation in the state.

The government has signed memorandum of understanding (MoUs) with more than 60 companies including 43 companies in the steel sector alone.

Stating that the financial sector has been experiencing metamorphic changes, he said, new avenues of employment are opening up.

The banking sector activities have expanded to areas like treasury operations, consortium lending, Small and Medium Enterprises and mutual fund.

It is now the fastest growing segment in the service sector, he pointed out.

The minister expressed the hope that the new course will provide sufficient employment opportunities.

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.

The contribution of the service sector has been more than 11 percent in this growth.

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.

Quoting from a study of McKinsey, he said, the banking sector is going to play an important role in the global arena by 2020.

While performing their task, he said, the managers need to be careful about the expectation of the customers.

In this context the right product, right place and right time will be important.

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.

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.

The school had launched the retail programme management earlier.

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.