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Orientation Report On

India Infoline Gold Loan

Name: Sahil Manchanda

Roll No. : FT-(FS)-11-365

Name of SIP Faculty Mentor: Mr. Sachin Sinha

Date of submission: 7th May 2012

Organization for SIP: India Infoline Gold Loan

Company profile - IIFL was founded in 1995 by Mr .Nirmal Jain (Chairman

and Managing Director) as an independent business research and information

provider. It gradually evolved into a financial services solution provider. IIFL

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has a network of 2,500 business locations spread over more than 500 cities and

towns across India.

Date of joining - 2nd May, 2012

Branch location - 203, zoom complex

Devil more, near PNB bank,

Khanpur - 110062

Ph- 011- 29967960

Industry Mentor Mr.Akhilesh Gautam

Mail id delhi.kanpur.gl @indiainfoline.com

Contact no. 09311138870

Title of the project Project on Credit Appraisal on loan against Gold

As, an intern in IIFL Gold loan I am, being trained as a management trainee

under guidance of industry Mentor Akhilesh Gautam sir who is the branch

manager over here.

ACTIVITY REPORT 2

7th may 2012 - our branch manager told us to visit variousbank in khanpur market for analyze the banking sector

procedure for providing loan to consumers . I visited HDFC bank

they told us if you have the account in their bank the minimum

transaction could be of Rs. 30,000 otherwise minimum

transaction could be Rs. 40,000. They provided loan according

to the guidelines which are provided by the RBI for gold loan.

As compared with the other Banking and Non-banking sector

INDIA INFOLINE gives the minimum loan of Rs.2100 per gram

with the lower interest rate starting from 1.00% to 2.05%.

8th

may 2012 Today we thought how to deal with clientsand how to convince them that your 0rnaments are having 80-

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94% of purity depending upon the various KARAT and other

purity like HALLMARK gold ornament having 94% of purity.

We also learned how to calculate the purity of gold and

maximum amount of loan to be given to the consumer as perthe interest rate demanded by the consumer.

9th may 2012 Today we were introduce about the variousgold loan schemes provided by the IIFL gold loan for its

consumers. Various schemes are :-

FAST TRACK

FAST TRACK 1

LAON LAXMI I,II,III

READY MONEY I,II

JALDI MONEY

10TH MAY 2012 - Today we went to reliance capital in

friends colony New Delhi . There I was told about theconsumer dealing with BT(balance transfer) method where

the consumer who already have taken the gold from reliance

but as our company funding amount is high as compared to

other he was interested to make the transfer of loan to our

branch. Under this method we will give the money to the

consumer in advance so that consumer can pay the loan

amount to the existing firm and release their gold .

11th may 2012 - Today we learned about the procedurefor taking the money from the other branch. In this

procedure Ist of all our branch manager send the request for

cash from other branch with the latest information by our

territory head after the territory manager approved the

request for transferring cash from other firm.

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12th may 2012 Our branch had the case of balancetransfer from Muthoot Finance worth Rs.17,00,000. The

whole day spent in this case not much learning.

VARIOUS LEARNONG EXPERIENCE :- In this week Ilearned about the various procedures in the gold loan

organization and also learned the procedure of BALANCE

TRANSFER and CASH TRANSFER.

ACHIVEMENTS = I had lots of learning what to do whenthere is case of other BRANCH MONEY TRANSFER , BALANCE

TRANSFER .Now I am confident enough to deal with

consumers and also I may introduce them with variousschemes with different interest rate according to demand.

DIFFICULTIES FACED- Sometimes the consumers donot give the full information about their requirement as a

result we are unable to convert them in to our consumer.

SUPPORT REQUIRED- Our branch manager MR.

AKHILESH GAUTAM helped me at each and every stagewithout whom I was unable to do anything. He is only person

who trusted me and choose me for transferring the cash

from other branch with their staff.

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