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Mutual Funds in India / HDFC's Top Fund Managers / Executive Pay 2016-17
« Last post by resh on March 06, 2018, 04:46:04 PM »
Last Year we were the First in the World to Publish Data on Pay Packages of HDFC Mutual Fund's Equity Analysts and Fund Managers.

Here is the Pay Packages of HDFC Mutual Fund's Senior Fund Managers / Equity Analysts for FY 2016-17

*** All Figures in INR Million ***
1   Alok Sheopurkar   Head - Human Resources   111.83
2   Amar Kalkundrikar   Senior Equity Analyst   102.25
3   Anil Bamboli *   Senior Fund Manager   195.21
4   Anupam Joshi *   Fund Manager - Fixed Income   158.07
5   Bhagyesh Kagalkar   Senior Equity Analyst   111.39
6   Chirag Setalvad *   Senior Fund Manager   261.02
7   John Mathews   Head - Client Services   136.57
8   Kiran Kaushik *   Executive Vice President   163.9
9   Krishan Kumar Daga   Senior Fund Manager   129.87
10   Milind Barve *   Managing Director   648.64
11   Miten Lathia   Fund Manager - Equities & Senior Equity Analyst   126.54
12   Mudeita Patrao #   Senior Vice President & Head - Digitization   83.2
13   Naveen Gogia *   Senior Vice President and Head - Sales (North & West)   154.23
14   Piyush Surana   Chief Financial Officer   119.13
15   Prashant Jain *   Executive Director & Chief Investment Officer    641.21
16   Rajiv Maniar   Senior Vice President and Head - Sales (East & South)   119.36
17   Rakesh Vyas   Fund Manager - Foreign Securities & Senior Equity Analyst   121.7
18   Satish Jain   Senior Portfolio Manager - Client Funds   121.24
19   Sharad Mohnot   Associate Vice President - Risk Management   54.55
20   Shobhit Mehrotra *   Senior Fund Manager & Head of Credit   211.69
21   Shyamali Basu   Senior Vice President and Head - Products & Marketing   106.59
22   Simal Kanuga   Senior Vice President and Head - PMS Sales & New Initiatives   150.7
23   Srinivas Rao Ravuri *   Senior Fund Manager   177.42
24   V Suresh Babu   Head - Operations   142.17
25   Vinay Kulkarni *   Senior Fund Manager   186.06
26   Yezdi Khariwala   Chief Compliance Officer   130.6
CIBIL Credit Report Score / Re: HOW TO IMPROVE MY SCORE FROM 600
« Last post by Quikrupee on February 15, 2018, 04:08:17 PM »
In order to improve and increase the CIBIL and credit score the following steps are taken
You should have a loan track
The loan EMI must be paid at right scheduled time
No cheque bounces or any out standings in the credit card payments.
If any out standings is there that should be corrected and repaid within the referred time by paying over due charges.
The credit card limit should not be exhausted or over use of limited amount.
There should be proper banking around regular period.
Always have a good credit history.

These steps are very helpful in improving the score.

I got my RuPay card relatively recently. I'm really happy with the service, but I agree, they should think of improving them further to keep the current clients and gain new ones.
India Credit Cards / Personal & Business Loans / Re: HDFC CREDIT CARD SETTLEMENT
« Last post by manoj on January 19, 2018, 04:39:56 PM »
You are better off talking to the underwriting department of HDFC bank to guide you on this. Each bank has there own procedure of calculation. If you have HDFC bank savings account associated, then you can login into your account and find the contact information of the concerned person.
It will be really interesting to see if more and more Indians will choose Rupay over Visa, Mastercard. To get success with Rupay card, it is necessary to improve the availability of banking services and extend their reach to the remotest parts of India.
First of all, whats RuPay? In 2012, India came up with its own payment gateway system called RuPay. Launched by the National Payments Corporation of India (NPCI), RuPay was an answer to the dominant foreign players, MasterCard, Visa and American Express.
This domestic plastic card was launched with the intention to merge payment systems within the country. It was brought to life in order to realise the RBI’s yearning for a domestic payment system with an open loop and multilateral approach. It was post demonetisation that we saw a sudden rise in the use of RuPay Credit Cards and Debit Cards at point-of-sale (PoS) terminals at various merchant outlets in India.

Here's a list of benefits which gave sudden growth in RuPay cards utilization:
  • Less dependence on cash: The adoption to cashless systems such as Debit Cards, Credit Cards or mobile wallets was found easier to manage money.
  • Cost-effective: Compared to other payment systems, the transaction costs involved with RuPay cards are significantly lower.
  • Fast Transactions: Since all the transactions made with a RuPay card are processed within the country itself, the transactions are much faster than others
  • Financial Inclusion: These cards were introduced as a measure to drive financial inclusion by involving all the economic classes within the country.
  • Information Sharing: The Data of Indian users is safe and secure with RuPay cards. While for other cards, its usually shared on an international level
  • Alerts: For every transaction you make using your RuPay card, you’ll get an SMS notification.


I am looking for region wise credit card holders data (just count) across pan India as per latest census.At lease I require the urban/semi urban/rural share of credit card holders(% basis)..If someone can help me with this I will be really glad.(Even if you can let me know the source I will be happy).

RuPay has 180 mn PMJDY accounts and 85 mn are for mainstream customers. Visa and MasterCard had 53 banks on offer a couple of years ago; RuPay serves 618 banks including all Regional Rural Banks (RRBs) and small private banks. Working with co-operative banks is not necessarily profitable but the idea is to create universalization.

In three years, RuPay getting 38% market share is commendable, for unlike China, India is an open market. From 1998 to 2015, China barred MasterCard and Visa while in India, NPCI has had to compete on service. RuPay does not intend to go global.

RuPay is acceptable at 100% of the ATMs, at all POSs except HSBC’s and it is also acceptable across e-commerce platforms. Banks have their own concerns regarding the branding of RuPay. RuPay will do credit card interchange (65 bps) for commercial payments; for peer to peer remittances, the charge is a flat fee structure. RuPay has tied up with Discovers and Diners globally for its international cards which means that around 70% of all POS terminals can honor a RuPay international card.
NPCI sees significant opportunities in the start-up space in payments: prepaid card companies, analytics, information security consultancy, among others. Wallets have brought a tremendous revolution to the country by changing the user experience. With the UPI, the banking customer can get the same user experience as a wallet customer. This attempt is one of the largest in the world. Banks were initially resistant but some have been very experimental.

UPI licenses to third party (non-bank parties like wallets) have not been opened up currently. Initially Payment Service Providers (PSPs) can be banks only but it is expected that this should be opened up to wallet companies in due course. This is similar to the IMPS model which has gradually been expanded beyond the banks.

Banks are also interesting from a credit card perspective – RBI does not allow non-banks to issue credit cards. However, they have tied-up with a small private sector bank to issue a co-branded card which will be launched in 90-120 days.
India Credit Cards / Personal & Business Loans / Re: credit card settlement
« Last post by cardbhai on December 15, 2017, 12:55:23 PM »
Settlement of Credit Cards below the amount that you owe is a temporary solution and affects your credit history and score negatively.

Here are the Steps for Settling Credit Cards and Defaulted Personal Loans with Indian Banks.

If you have settled loan and your CIBIL Score is Low, then you can start rebuilding your CIBIL credit score by taking the following steps.
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