India boasts of a diversified and robust financial sector undergoing rapid expansion. The sector comprises banks, insurance providers, non-banking financial organizations, co-operatives, mutual funds and other smaller financial entities. As per a report by India Brand Equity Foundation:
- The commercial banks accounting for more than 64 per cent of the total assets held by the financial system
- Total Assets Under Management (AUM) of the Mutual Funds industry stood at Rs 23.80 trillion (US$ 340.48 billion) between April 2018-February 2019
- The total first-year premium of life insurance companies reached US$ 30.72 billion (Rs 214,673 crore) during FY19
- The total amount of Initial Public Offerings (IPO) increased to US$ 1.2 billion raised from 37 between April – June 2018
- India’s mobile wallet industry is estimated to grow at a Compound Annual Growth Rate (CAGR) of 150 per cent to reach US$ 4.4 billion by 2022 while mobile wallet transactions to touch Rs 32 trillion (USD $ 492.6 billion) by 2022
The course on Advanced Financial Management, from XLRI, has been specially designed for working professionals in the corporate finance domain who wish to gain an understanding of advanced concepts and techniques required to solve complex financial challenges of an organization. The course is structured to expose the participants to factors affecting financial performance, modes of capital management, risk minimization strategies and guiding principles on investment decisions.