UniBlurb #7

Good morning! and welcome to the seventh edition of UniBlurb - Your Weekly Dose of Management. Today, we will be going over:

#Performence of PSU Banks
#Tech Mahindra Merger
#IIFL & JM Financial under suspicion
#Internships, Competitions & Events

MONDAY MOTIVATION

OUR TWO CENTS
PSU Banks: A Fiscal Analysis of Dividend Dynamics and Capital Adequacy

Imagine a world where your bank not only greets you with a smile but also showers you with dividends! That's the reality for PSU banks in FY24, as they're set to pay over Rs 15,000 crore in dividends, thanks to a whopping Rs 98,000 crore profit in just three quarters. It's like they've hit the jackpot, and the government's their lucky charm, earning a hefty 58% increase from last year's payout.

Now, let's talk about the private banks. They're like the cool kids on the block, sleek and modern. But PSU banks? They're the wise old wizards, conjuring profits out of thin air. With the RBI waving its regulatory wand, proposing new rules for dividend declarations, these financial Gandalfs are looking at a total capital adequacy of 11.5% to keep the magic alive.

So, dear reader, as you marvel at these figures, ask yourself: when it comes to banking, do you prefer the flashy charm of private banks or the steady spell of PSU banks? What's your potion for financial success?

OUR TWO CENTS
Strategic Synergy: The Operational Powerplay in Tech Mahindra’s Merger

Tech Mahindra is stirring up the tech sector with a strategic merger that’s got everyone talking. Picture this: Born Group and Tech Mahindra (Americas) are coming together like the Avengers assembling for a world-saving mission. This isn’t just any corporate shuffle; it’s a fusion of two formidable forces in the IT services and consultation arena. With Born’s turnover at USD 55.08M and TMA’s impressive USD 1,201.37M, we’re witnessing a financial ‘Avada Kedavra’ to the competition.

Now, let’s break it down for those scratching their heads at the term ‘merger.’ In the land of jalebis and joint families, a merger is like adding your favorite cousin to your family WhatsApp group. It’s all about bringing together different strengths to create a family—or company—that runs like a well-oiled machine, even during the festive season rush. This merger promises operational efficiency that could outpace the Delhi Metro during peak hours.

OUR TWO CENTS
RBI’s Vigilance on IIFL & JM Financial’s Financial Follies

Get ready for a financial rollercoaster ride, folks! The RBI is donning its detective hat and diving into a special audit adventure with IIFL Finance and JM Financial Products. Why, you ask? Well, it seems these two financial daredevils have been playing a bit too fast and loose with the rules, and now they’re in the regulatory spotlight.

Picture this: IIFL Finance, caught red-handed with some “material supervisory concerns” in their gold loan portfolio. We’re talking serious deviations in assaying and certifying the purity and net weight of gold. It’s like saying you’ve got a pure gold statue of Shah Rukh Khan, but it turns out to be gold-plated cardboard!

And then there’s JM Financial Products, helping their own customers snag IPOs with borrowed funds. It’s like giving your friend a piggyback ride to grab the last samosa at a party – not cool, guys.

So, the RBI is stepping in to clean house, ensuring that the financial playground stays fair and fun for everyone. With auditors sharpening their pencils and the deadline for bids set for April 8, it’s showtime! Will these companies get their act together, or will the RBI’s audit reveal more than just creative accounting? Stay tuned!

INDUSTRY CONNECT
Internship opportunities

1. Clove Dental (Marketing Intern)
   
   You will Develop visually compelling designs for marketing campaigns, including performance, brand, and BTL materials, create engaging collateral for diverse customer touchpoints, maintaining brand consistency, collaborate cross-functionally to understand requirements and deliver strategic designs, organize design files for efficient workflow management, seek feedback, iterate designs, and stay updated on industry trends for continuous improvement.
   Apply Here!

2. NatWest Group (Business Analytics Intern)
   
   You will collaborate with cross-functional teams to gather and interpret business requirements, develop and maintain analytical models to identify trends, patterns, and opportunities for improvement, conduct data cleansing and validation to ensure accuracy and integrity of information, Create visually appealing and interactive dashboards using Tableau for effective data visualization & present findings and recommendations to stakeholders, contributing to strategic decision-making processes.
   Apply Here!

3. Internshala Trainings (Quality Analyst Intern)
   
   You will be monitoring calls for the counselors, sharing feedback (1-0-1 & email) with counselors, creating awareness & promoting a quality environment through huddles, auditing the process of hygiene, coaching & mentoring the associates to improve their performance, participating in calibration sessions.
   Apply Here!

EVENTS ON THE RISE
Best events and competitions in the upcoming week

1. Sharkscape'24 - Sustainable B-Plan competition (DDUC Delhi)
   
   Dive into the future of sustainable entrepreneurship at Sharkscape! This exhilarating event invites visionary minds to pitch their sustainable business plans in a thrilling competition. From innovative renewable energy solutions to cutting-edge green technologies, Sharkscape showcases the brightest ideas making waves in sustainability.
   Register Here!

2. Shri Ram Case Cade (SRCC)
   
   Shri Ram Case Cade is an intellectual battleground where the sharpest minds unlock their strategic potential. An odyssey spanning diverse domains from sustainability to technology. A crucible designed to ignite your innovative thinking and test your mettle through real-world complexities. 
   Register Here!

3. SYMPOSIUM’24 (Motilal Nehru College, Delhi)
   
   Markult, the esteemed marketing society of Motial Nehru College, proudly presents "Symposium'24" an illustrious gathering of minds, innovation, and boundless possibilities. Spanning two days, this event promises a symphony of intellectual prowess, infused with three exhilarating competitions that will challenge, inspire, and captivate.
   Register Here!