PGDM Banking, Financial Services and Insurance at GIM Goa Offline Course

Post Graduate Diploma in Management in Banking is a two-year full-time course offered by Goa Institute of Management, Goa. The programme would be a two-year full time one, with six terms/trimesters. The overall structure of the programme is one that is highly involved with our organisational collaborations. We desire that the institute tie-up with about 20 banks and financial companies so that each company can offer internships over the summers and winters to about three students each, thus accounting for the entire batch of 60 students that we would start the programme with.

The Banking and Financial Services space has grown significantly over the last two decades. Some statistics would help place this growth in context. Bank deposits have grown from mere Rs 7 lakh crores in the year 2000 to about Rs 122 lakh crores in July 2018. Mutual fund assets under management have witnessed a manifold increase from Rs 1 lakh crores to Rs 25 lakh crores at the same time. Average daily cash trades on the NSE have ­gone up from around Rs 2,000 crores in 2001-02 to over Rs 33,000 crores in August 2018, while market capitalization of stocks listed on the ex­change have multiplied from around Rs 6 lakh crores to over Rs 157 lakh crores. 

While this growth has been impressive, India continues to be quite underbanked as a nation. One estimate of just the credit demand gap in the MSE sector by Deloitte stands at Rs 12 lakh crores. Apart from this the increasing inclusion of the unbanked by way of PMJDY, the increasing formalization of the economy post demonetization and GST implementation are all drivers that are increasing demand for banking and financial services. These coupled with more emphasis on insurance for all citizens lead to a conducive background for further growth impetus to the sector.

Moreover, the insurance sector in India, despite facing some setbacks in terms of the ULIP scheme controversies, is back on the growth trajectory. The lack of premium penetration in the country, at about $60 is very low in comparison to the global average of about $350 and drastically less than the levels of above $4,000 seen in the US and UK, thus establishing a lot of opportunities for the sector to do much better in future. Simultaneously, technology is proving to be a game-changer. Though still at a nascent stage in India, the area of fintech is making rapid strides, as has been witnessed globally, and gradually becoming quite palpable in its presence in financial services.