Polinomics…. A lovely relationship


I was into a relationship few years back , and i learned many things out of it.  The most important part in any relationship is , you have to complement each other . As i have read this many times that a relationship is not about two perfect people coming together but its about two imperfect people coming together and complementing each others qualities and eventually falling in love to build a relationship. Even science says the same ” Opposites attract” 🙂 . Else you got a bumpy ride coming your way. In this world , do relationships apply only in our personal lives. I am sure the answer is no. And so you all will agree.

Economics , a beautiful concept which the whole world is working under. A framework. But Economics doesn’t work alone , every thing in this world is related. But now the best part is with whom. I say “Politics”. Both Politics and economics are not the same thing. They are exactly opposite concepts but they influence each other. And if a country’s economy is prospering , they complement each other. Not many people might agree to this. We have reforms , both political and economical.

I remember, in India until 1994 or may be 1995, i would only see either fiat or Maruti 800 CC , vehicle running on roads. And it used to be luxury , now  i am talking from a common mans perspective. Thanks to Dr. Manmohan Singh whose implementation has actually exposed Indian Economy to other countries. And that is why we have Honda , Volkswagen and BMW running on the roads.

Economic reforms, the way they are implemented , a lot depends on the political leadership of a country. A good leadership would lead to good reforms and eventually a good GDP.  India today is largely seen as a economy , which every country is eying. Right from the point of resourcing and outsourcing.

A good political leadership will lead to a good economic reforms for a country.

Now doesnt it automatically says, politics and economics are related. So let them be into a good relationship. And i call this relationship “Polinomics”

Enjoy reading and keep liking.

Shwetal- An Avid writer.



Innovation a cut throat competition


Each time i think of a product , there is only one question that comes into my mind . What next ? If this product is here. How long would it sell ? One year 2 or maximum 3 years. And after that you need something new. But what. We have so much of competition around in the market . That you cannot survive without innovation.

Lets take a classic example. Apple Inc. Now who knew the products apple made would be so hit in the market that people are ready to spend that much money on that i-phone or i-pod. After i-pod, Steve Jobs did the classic work combining i phone and pod together to make an i phone. That’s called innovation. But during this period there were loads of competitors in the market. Now why would i buy their product , there has to be something different . And there came a company called Samsung. Well Samsung was not a new firm but with the cut throat competition in the market , they had to do something  to survive.

And they came with smartphones which were easily affordable. And that’s the key affordable. Now just raise your hands and tell me how many of you can afford a apple I phone 5 . Let me tell you honestly . I Cannot. I mean i think thats too much of a money to be spent on a phone. I know I – phone is classy and all that jazz but i got to see my pocket as well. Likewise there are many people in this world , who would give the same statement what i gave.

And my understanding is Samsung took care of this part. Now an I- phone 5 would easily cost around 50000 Indian Rupees. Now i bought the Samsung smart phone a year and half back for Rs 8500 and tell you its got both touch and qwerty keypad and the most classy look . Almost giving it a look of a blackberry curve and i am enjoying all possible functionality of a smartphone.

Now to stay in market. Samsung , Smart Camera. Now tell me guys who would have even thought about it. Isn’t it amazing . I mean that’s what i call innovation.

Click a picture share it on Facebook , or wherever you want.

Innovation is all around , all we have to do is , find it in the simplest of the simple things.

Now signing off

Shwetal An Avid writer.


By innovateinvestmentbanking Posted in Economy

Thats what i call grabbing opportunity


I have a habit of reading , and this morning i Google some investment banking news and there came a link to an article from business today. It said the rise of boutique investment banks in India. Time and again markets have gone under water , almost to the level of sinking. But why ? The why is not for why markets sunk but for why when things turned sour they did not come under control. Why the intelligent minds don’t try to turn around things and grab a opportunities.

I saw so many people loosing their jobs and are out of work. Some selling newspapers outside. Some opening their shops. Not that i am saying that they are doing bad , but there are some people who are different . Who are recognized for grabbing opportunities.  One such set of people whom i read about in business today were outstanding. Even when things turned bad for markets these innovative brains have implemented the concept which i would say big giants would think twice to implement . Just because they don’t want to make small profits. Well these small profits act like an umbrella for the rainy days. When the storm is already there you cannot have grilled fish in the kitchen, rather you got to work on the deck of the ship to save the lives of 100’s that are on board.

The concept of boutique investment bank that was implemented in India is amazing. I am not sure if it was implemented or how it was implemented in other countries.

Small line of customers (presumably anxious in...

Small line of customers (presumably anxious investors and savers) outside a branch of Northern Rock – a Mortgage specialist and a top UK mortgage lender – in North Street, Brighton, East Sussex. The business (a former “savings and loan” type Building Society which was demutualised in 1997) has been affected in part by problems in the US “subprime” lending market. Picture taken late on Friday afternoon on 14th September 2007. (Photo credit: Wikipedia)

Post the aftermath of global financial crisis around in 2008 , investors had started loosing trust on the big giants or the big investment banks. This was the opportunity for a concept to rise. That is where these boutiques scored over the big investment banks. The specialty of these boutique investment banks was that they started making profits on a smaller scale initially with a bunch of research folks and analysts. Yes profit margins were slow but as things progressed the deals were flowing in sm0othly and that is the profit margins of these boutique investment banks went high and that too in billions. And this made me realize that you want to reach billions you still have to start from 0. And hats off to these entrepreneurs who showed the courage to take the risk and turn around things for themselves.

If you ask me boutique i would say boutique investment banking no one researched but it already was inside a human brain , someone had to take the courage to implement this concept. The one who takes the courage is the one who succeeds. And that is very true from these examples set. Please refer more the business today article for more.



How are you ?


How are you ? I asked this question to myself. The answer was most obvious one. I am fine. 30 mins later i wanted to watch a movie and i switched on my LED and it was Wall street – Money never sleeps.  Quite interesting one. Showed everything that i practically witnessed while i was working. That was me 7 years into investment banking technology group.

One of the most interesting portion of the movie is when Diego asks Jacob ” Whats the most dangerous question in Wall street”

Jacob : Nope

Diego : How are you ?

Damn and this thing struck me like a lightening. And those words were so true. It just simply sounds logical. If you go and asks this question to someone in wall street you are asking him the most dangerous question. How are you ? you don’t know how are you until you know how is your balance sheet. Is your portfolio in risk if yes how much .

So if someone asks me How are you ? That’s dangerous . i might end up saying i am fine but the face of market decides  my status . Funny isn’t it but yes apparently that how someone would answer how are you ?

Shwetal an Aspiring writer.


Wall street – Money Never sleeps


Canary Wharf is a major business and financial...

Canary Wharf is a major business and financial centre and is home to some of the UK’s tallest buildings (Photo credit: Wikipedia)

Its been close to 7 years , i have spent in investment banking world. Though in technology , i still have seen the business while i worked in London. When i first entered my office in London , i felt i was in a world where people are running around as if they are about to loose their money. Business would almost kill you if you are not meeting the expectations. And fortunately or unfortunately i landed working in London with a group where calling a day hectic was a very small thing to do.

I still remember when i met my boss , there were two other team members who were constantly speaking to someone as if the person on the other end is about to kill them. That is when i got to know that this world is like living in forest “If you want to survive you have to be fit. No other choice.” Its all about money in investment bank. I used to feel people are greedy sometimes, but its not about greed . The market it self has set such a high expectations that during the good times that i remember a small drop in profit would leave people unsatisfied.

There was only one word around ” Client Client and client” . Working for client became my passion . Looking at their reports sorting out there issues was more of a passion than profession for me. And it was bound to happen as you get to learn so much.

English: Morgan Stanley's office on Times Square

English: Morgan Stanley’s office on Times Square (Photo credit: Wikipedia)

Even after i used to leave work i used to get calls from my boss. Blackberry kept vibrating , emails floating around, simply saying one thing ” Where is my money”.  And i used to wonder that why can someone not take one nice deep breath and relax and enjoy with family . But the immense pressure people saw and experienced , it was all about money. Bad times had already started. People getting fired, bonus getting affected , salary hike was issue but eventually it was all about making money. Raise capital , keep the firm well capitalized. Keep the balance sheet tied up. Keep the investors happy.

Why and why all this.  Because it was all about one  thing and that is “Money”

Just like we humans were not able to sleep in this investment banking world in bad times. ” Money never sleeps in this world. Be it good or bad time ” Its all about money

For now this is Shwetal signing off from here… Asta la vista … Enjoy reading and keep liking.

Shwetal – An Aspiring writer.


Withdraw cash from your cell phone — Must read

The courtesy of this article is bankingtech.com and its a reblog. So i dont claim that i am writing this but the intention is to spread the knowledge.


While most large banks in the UK offer a mobile app, some do not yet offer mobile cash withdrawal as a service. That is likely to change soon, according to Ian Byrne, banking director UK and Ireland at ATM maker Wincor Nixdorf.

“The technology is here today – it’s not an abstract concept,” he said. “Banks have held off investing in retail for many years, partly because ATMs have a long life, but that life is fast coming to an end. In three years’ time, there won’t be a major bank that doesn’t offer mobile cash withdrawal.”

This month, Wincor Nixdorf has developed a mobile cash app that works on both Android and Apple iOS device, so that customers can withdraw money from their ATM without a debit card. It works by sending the customer a QR code for the transaction, together with directions to the nearest ATM. Using the Wincor Nixdorf system, the customer can select the mobile cash function on the ATM and then control the rest of the transaction from their smartphone.

The service is not entirely new – NatWest has been offering cash withdrawal through its mobile app since June last year. But the firm says it is the first vendor of ATMs to integrate its service in Apple passbook using Apple passes.  The QR code is stored in Apple passbook or the mobile cash app.

According to Byrne, the technology to make cardless withdrawals is relatively simple – a connection between a phone and the computer behind the ATM. However, the majority of ATMs currently in the market lack NFC technology or the barcode scanner needed to take the payment from a mobile user with a QR code.  Once these machines have been replaced, he expects to see a dramatic surge in uptake.

“Customers are comfortable using an iPhone or iPad with their friends, and now they are increasingly happy to use them to interact with their bank,” he said. “A similar situation happened with mobile airline bookings. It was coming for years, and then suddenly within less than 12 months it was everywhere.”

Despite the enthusiasm of Wincor Nixdorf, mobile cash withdrawals have not had an easy ride. Last year, NatWest’s get cash app was hit by hackers, who used an online scam to get customer banking details which were then entered into the mobile app and used to withdraw cash without the victim’s knowledge. The app was temporarily suspended in October but is now back online.

However, Wincor Nixdorf insists that dependent on the security and authentication used at the ATM, there is no reason why a mobile cannot be just as secure as a card. Mobile devices often contain technologies such as GPS that track the user’s location, front-facing cameras that can be used for face-recognition, and other biometric tools such as voice recognition technology and in some cases fingerprint technology.

Other observers have expressed similar views about the potential for mobile security. In December, Ben Knieff, head of fraud at financial crime and technology specialist NICE Actimize told Banking Technology that mobile banking could eventually become safer than online banking.

“While consumers didn’t like biometrics 10 or even five years ago, rising usage of the technology on sites like Facebook has made it more acceptable,” he said. “Consumer sentiment is changing, and I believe there could actually be an opportunity to use some of these technologies to make mobile banking even safer than internet banking is today.”


Limitations on Social Media …Is it right


I was reading a book the other day it talked about Socialnomics. Interesting term isnt it. I didnt finish reading the book yet but whatever i read actually engrossed me and made my thinking caps on. While readin this book i went back in time, where i was kid in a school. And this reminded me of how my day used to be. Each day i used to reach school by 09:00 and leave by 03:30 . And i had so many friends to interact and we used interact in person day in day out. And that was our social media. And this iam talking around 1994 when we were not even exposed to internet . Talking about facebook and linked in would even sound stupid at that time. But who knew that there would be a time when we would have millions of users networking on socially on web.

This book said a very interesting line. It said if facebook would have been a country it would be the third largest country in the world after China and India. So can you imagine how many people are currently active and networking on it. Socialnomics is nothing but a socio economic shift in the paradigm of people , process and business. Its all about social media how it is driving our lives and the way we do our business.

Social media is everywhere these days. Because of our hectic lifestyles where we are not able to see a friend in person we have something called as facebook . Professional networking linked in. If you are a writer then you have a writers community on web. Wanna get married go to a matrimony website. Its a information superhighway. But with great power comes great responsibiltiy . Unfortunately with this power in our hands some of us have forgotten our responsibilities and thats where we loose the control . And debates like these whether we should limit social media or not begin. It is always that a choice we make which leads to the results. Many of the cyber cirmes have happened via networking websites. Some are very brutal .

It is very important for us to realize that we have a power in our hands. We need to use the good sides of it to benefit the mankind , country , citizesn , economy . Just because we have some bad things happening because of social media doesnt mean that we should limit it completely. If we do that we are going to hit the billion dollar economy. If you want these crimes to reduce make the laws stricter. You cannot talk about reducing the crimes where limiting the social media. Even if you do that the crimes would still continue to happen. Its the stricter laws that make the difference and reduce the crime. There is not point in hitting the billion dollar economy by limiting the social media.

Social media is not restricted to facebook but it goes all the way to ad media to anyother thing you can think off. Let me ask this question to you. While you are watching a movie on star movies and suddenly we have a commercial break . How many of you actually see these commercials ? I will tell you . None of you would sincerly watch it unless its written on top of your screens that ” Back in 2 mins ” and the clock is ticking.  So that is why we have social media on web where we have advertisements.  Today you see an advertisement from e bay and you find the offer great  . what you do ? Pull out your laptop and just open the website and order . This wouldnt happen if you are watching a commercial between movies.

Today we have upcoming or rather already existing concepts like Social banking where there are firms thinking of implementing social banking . If you put limitations on social media how are these ideas going to born. Innovation will die. And this way you are actually killing jobs and birth to a great idea. We have blogs on internet , which gives birth to great writers.  Who are not only able to express themselves but share the knowledge they have . Where would this all go if you limit he social media.

So think about it .. Lets not limit the social media and hit ourselves. Rather be aware make our choices right and believe in progress.


By innovateinvestmentbanking Posted in Economy

A day in the life of a Investment banking Analyst


I was reading through this small snippet on wall street prep website talking about a day in the life of a investment banking analyst and thought would be really usefull for anyone to know who is into investment banking.


  • 9:30am – Arrive to work and check email and voicemail
  • 10am – Continue working on a buy-side client presentation (“pitchbook”) from yesterday.  Since you already finished with the “Public Market Overview” pages last night, you now begin inserting a graphical representation of possible exchange ratios.
  • 11:25am – An associate calls to tell you that you have been staffed on another deal and you’ll need to put together a PIB (public information book) about the target.
  • 12pm – You finish putting together the PIB and get back to work on the original pitch
  • 1pm – You grab lunch with you friends at the cafeteria
  • 1:45pm – Back at your desk, you open up a Merger Model you need to have done for another deal team by the end of the night.  Since you pretty much finished the model last night, you’re now checking your work for bugs, mistakes, formatting, and analyzing various accretion/dilution results based on different scenarios (sensitivity analysis).
  • 3:45pm – Your associate from the buy-side pitch calls and tells you that the VP wants to met in a conference room to look at what we’ve got so far and discuss how to go forward.
  • 4pm – You meet with the VP and your associate.  The MD is traveling on another pitch so he’s conferenced in.  Basically, since the 40% of the target company is owned by an investment company, their consent is vital for the success of the acquisition.  As such, we need to put in a few pages on this investment company into the pitch so that our client (the potential acquirer) understands what he’s up against.
  • 5pm – Back at your desk, you incorporate some of the changes into the pitchbook from your meeting.  You include a profile on the investment company and a page on stock ownership.
  • 7pm – You order dinner with your friends from a big book full of menus that everyone uses on the floor and eat it in an empty conference room.
  • 8pm – Around 8:00pm things usually start to settle down and you can really start focusing on catching up on all the work ou were getting distracted from during the day.
  • 10pm – Off to the gym for a quick workout.
  • 11pm – Back in the office you pull up the merger model you were working on but had to stop because of the meeting in the afternoon. You’re putting the final finishing touches on it and send an email off to your associate letting him know it’s ready.
  • 2am – Call a car and go home

Tough one huh…. Anyways hope we all have learnt something out of it.

Shwetal Gajbhiye


First banking activity of the world


How many of us have actually given it a serious thought. Ok let me ask you this question. When did the first banking activity in this world began ? How many of us know an answer to this question . I guess not many so for those who dont know . The first banking activity began during Roman empire . It was name as Bank of Saint George also known as Banco di San Giorgio in Roman ,where moneylenders converted foreign currencies to the legal tender of Rome issued by the Imperial mint.

This was established in 1406 AD in Italy. The bank’s headquarters were at the Palazzo San Giorgio, which was built in the 13th century by order of Guglielmo Boccanegra, uncle of Simone Boccanegra, the first Doge of Genoa.

Many of Genoa’s overseas territories were governed either directly or indirectly by the Bank. In 1453 the Republic handed over governance of Corsica, Gazaria, and a number of other possessions to Bank officials, though over the course of the fifteenth century the Republic gradually reclaimed many of its territories from Bank control.[4] The Taman peninsula remained in the control of the de Ghisolfi family, but the princes of that clan now reported to the Bank.

The Bank lent considerable sums of money to many rulers throughout Europe during the fifteenth and sixteenth centuries, gaining widespread influence. Ferdinand and Isabella maintained accounts there, as did Christopher Columbus. Charles V was heavily in debt to the Bank during much of his reign. Niccolò Machiavelli writes in book VIII, chapter VI of the Istorie Fiorentine:

This establishment presents an instance of what in all the republics, either described or imagined by philosophers, has never been thought of; exhibiting within the same community, and among the same citizens, liberty and tyranny, integrity and corruption, justice and injustice; for this establishment preserves in the city many ancient and venerable customs; and should it happen (as in time it easily may) that the San Giorgio should have possession of the whole city, the republic will become more distinguished than that of Venice.[1]

In the seventeenth century the Bank became heavily involved in maritime trade, and for a time competed with such concerns as the Dutch East India Company and the English East India Company.

After Napoleon invaded Italy, he suppressed independent banks, and this led to the Bank’s closure in 1805

Courtesy of this information is Wiki Pedia. I was reading through it so i thought to share it with my readers.

Hope you will enjoy…Looking forward to hear from my readers… This is Shwetal Signing off for now. I will be back

Shwetal – An Avid Writer.



Islamic Finance


Many of us have heard of traditional banking. But h0w many of us have actually heard of Islamic financial policies. Let’s take a interesting look at what is Islamic finance? The way it operates.  Just to let everyone know this information about Islamic finance is taken from MCB.org.uk. All I am trying to do is spread the knowledge.


What is Islamic Finance?

The basis of Islamic Finance denounces usury, termed as riba (which is the lending of money at exorbitant rates) but it doesn’t stop just there. The concept is more accurately that money has no intrinsic value – it is only a measure of value, and since money has no value itself, there should be no charge for its use. Therefore, Islamic Finance is said to be asset based as opposed to currency based whereby an investment is structured on exchange or ownership of assets, and money is simply the payment mechanism to effect the transaction. The basic framework of an Islamic Financial System is based on elements of Shariah, which governs Islamic societies. Shariah, the law of Islam, originates from two principal sources: the Quran, the Holy Book of the Muslims and its practices; and the Sunnah , the way of life prescribed as normative in Islam, based on the teachings and practices of Prophet Muhammad (pbuh).

   When did Islamic Finance start being used?

 As mentioned, the basis of Islamic Finance is from the Shariah, so the concepts of Islamic Finance have been around since the origination of Islam itself. The practices of what we see today have been used throughout the last 1500 odd years across the modern Muslim world and beyond. The modern Islamic finance really originated in the 1960s, escalating with the petro-dollar boom of the 1970s when in 1975, the Islamic Development Bank was formed to promote acceptable financial practices according to Islam. While many banks originating in the Middle East strictly follow these principles, many also follow Western practices of finance, with a number following both practices to cater for both markets. Interestingly, many of the internationals larger banks (with HSBC, UBS and Citigroup as notable examples) all have Islamic banking arms, both in the Middle East and the West.


What are the main principles of Islamic Finance?

 The main principles of Islamic Finance include:                     

The prohibition or taking or receiving interest at exorbitant rates (Riba), but this does not preclude a rate of return on investment which is agreed up front by both parties contracting. In most cases, the references to interest rates by Islamic financial institutions are to help benchmark the return on investment to offer transparency. This does not imply interest is being used in the transaction.

 Risk in any transaction must be shared between at least two parties so that the provider of capital and the entrepreneur share the business risk in return for a share in profit.

 The prohibition of speculative behaviour (Gharar), meaning that gambling (Maysir) and extreme uncertainty or risk is prohibited and thus contractual obligations and disclosure