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INTERVIEW
BankBazaar.com: The Loan Commando
Try and excel at whatever you do. There are a lot of opportunities for someone who is smart, committed and has
the confidence and ability to take the entrepreneurial risk.
– Adhil Shetty, Founder and CEO, BankBazaar.com
Adhil has a master's degree in International Relations, with specialization in International Finance and
Business, from Columbia University, New York, and a Bachelor's degree in Engineering from the College of
Engineering Guindy, Anna University. Prior to BankBazaar.com, he managed Deloitte Touche Tomahatsu's US East
Alliances with the world's leading Information Management Company. Earlier in his career, Adhil worked with
Cisco Systems as an Engineer in Bengaluru and San
Jose.
It's a great deal getting a home loan or personal loan with competitive pricing from any top bank in India
in less than 15 minutes, and that too without any phone calls. The quest ends here with BankBazaar.com,
the world's first neutral online marketplace. The Chennai-based, BigBazaar.com offers instant customized
rate quotes on loans and insurance products. Customers can instantly search, compare and apply for loans,
credit cards and insurance products from all from all of India's top banks. The easy-to-use tools available on the
site makes it easy to compare the various offers made to customers and one can access unbiased customers'
ratings of financial institutions. It offers a lot of options to take a well-informed decision when choosing
which product to apply for and to do all this instantly. Being a neutral marketplace, BankBazaar.com provides
users with a convenient and transparent interface where users are provided with the exact break up
of interest rate, total cost, processing fees, and other involved charges that the loan seeker will incur upfront. And best
of all, all these services are completely free.
Its 10 partners include: HDFC Bank, Axis Bank, ING Vysya Bank, Deutsche Bank, ABN Amro,
CitiFinancial, Kotak Mahindra Bank, Housing Development Finance Corporation, and Reliance Consumer Financial.
The venture was founded by a group of US-returned and homegrown entrepreneurs from Deloitte,
Amazon.com, Capital One, Kraft, Microsoft and includes alumni from the College of Engineering Guindy, REC-NIT
Trichy, Columbia University, Georgia Tech, Virginia Tech and BITS Pilani.
-- Interviewed by
K Lakshmi Narayana
Research Associate, The IUP,
Hyderabad.
© 2009 IUP. All Rights Reserved.
CAREER PLANNING
Careers@MBA:
When Directions Ask "Where to Go"?
Dr. Kavita P Kshatriya
The ongoing debates on higher education, especially in the context of the
recent Supreme Court judgement on various issues including the issue of
regulating unaided or self-financed institutions, as well as the approaches of
most Universities and State Governments, go against the grain of commonly
held beliefs regarding economics. Although that gives rise to the number of
options available to the students and also increases the student inflow and
graduates coming up manifold, the quality of students and the education imparted leave
a lot to be desired. Hence, employers as well as potential employees, value
the overall grooming more than the degrees. The credibility of this filter will be
at stake if `fly by night' operators take advantage of liberal policies in
licensing higher education. In fact, this defines the very foundation of coaching classes
for the mushrooming professional courses.
© 2009 IUP. All Rights Reserved.
HIGHER EDUCATION
Quality Circles in Higher Education
N Uma Devi and S Raja Rajeswari
With the foreign universities opening more and more centers in India on
the strength of their aggressive marketing strategies, the only chance for
Indian education to retain its identity and integrity is if it can provide world-class
quality education.
© 2009 IUP. All Rights Reserved.
HRM
Understanding QWL: Socio-technical Approach
-- SC Patil and Dr. VM Chavan
In order to understand QWL, it is also essential to understand the
socio-technical approach to an organization and action research as a methodology of change.
© 2009 IUP. All Rights Reserved.
COVER STORY
B-Schools: Challenges in the Post-financial Crisis
Ravindran Ramasamy and Ganisen Sinnasamy
The present global scenario requires another self-evaluation of the
Indian education sector, especially in the area of business management education.
© 2009 IUP. All Rights Reserved.
COVER STORY
Strategic Challenges for Business Education in a Changing World
Neeta Baporikar
Though B-Schools have been quite successful, they have not achieved the
real objective of management education: that is, the creation of competent leaders
in an ever-changing complex world, preparing young men and women to face
those changes, which continue to occur due to an open economy, and become
self-reliant. If this has to be achieved then they need to undergo radical changes,
face challenges and evolve strategic approaches.
© 2009 IUP. All Rights Reserved.
HIGHER EDUCATION
College Education: Investment of a Lifetime
Suman Vij
A common question raised by the students and their parents every year is
about the need for investing in a college education. If we go by the research till date,
the evidences suggests that, on an average, university graduates are able to
earn much more than high school dropouts. However, how good is an investment
in finishing college depends on the cost and earnings of the graduates. In this
article we will try to find out the association between the learning potential and
the education level, and whether a college education is worth the investment.
© 2009 IUP. All Rights Reserved.
GENERAL MANAGEMENT
Time Off and Productivity
Bholanath Dutta
To understand the inferences of the concept of time off and productivity,
one needs to understand the concept of productivity first.
© 2009 IUP. All Rights Reserved.
GENERAL MANAGEMENT
Motivation Matters
Dr. Devendr Kawday and Deenee Menon
Motivation matters because it has the power to bring about change. It is
essential for us to understand the meaning so that we can use it in an effective manner.
© 2009 IUP. All Rights Reserved.
GENERAL MANAGEMENT
Job Hopping: Does It Really Work?
D Suryachandra Rao
The practice of moving from job to job is quite a common phenomenon these
days. This practice is not just confined to any particular continent or nation or
industry, but is spreading across the globe. The trend is highly prevalent not only
among the freshers, but among the senior professionals as well. Why do
employees switch jobs? What makes them leave their present jobs? Is there any sense
in shifting jobs at frequent intervals? How are employers responding to it? Who
is responsible for this trend? Does it really work? This article makes and attempt
to answer these questions.
© 2009 IUP. All Rights Reserved.
HRM
Employee Attrition: Reasons and Remedies
S Murali Krishna
Employee retention has become the latest buzzword of the corporate world,
as each and every organization worldwide, faces unabated levels of attrition.
© 2009 IUP. All Rights Reserved.
HRM
Importance of Team Building, Employee Cohesiveness
and Commitment
Kamaleswar Deka
Trust is an important aspect that should be developed by reducing
direct supervision and monitoring and transferring better control within the group
itself, which would enhance the efficiency level of the individual to perform his/her
job effectively and efficiently.
© 2009 IUP. All Rights Reserved.
GENERAL MANAGEMENT
Inventory Management and Control Strategies
Tarak Paul
Inventory represents a major portion of a firm's current assets which may
be classified as supplies, raw materials, inventories and finished goods that
are available for sale in the normal course of a business. A large chunk of a
firm's investment in current assets is represented by its stock of inventories. The
amount of investment made in inventory and type of inventory differs from business
to business. This article attempts to explain the different aspects of
inventory management and control. It includes different techniques adopted for
efficient inventory management by the organizations.
© 2009 IUP. All Rights Reserved.
BOOK REVIEW
Outliers: The Story of Success
-- Author: Malcolm Gladwell
Reviewed by Dr. AV Vedpuriswar
The book offers insights into the lives of successful people and tips on how
to bring up children, how to lead teams and what kind of environment brings out
the best in people.
© 2008 Malcolm Gladwell. All Rights Reserved. IUP holds the copyright for the review.
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