2. NATIONAL INSTITUTE OF SECURITIES MARKETS (NISM)
NISM is a public trust established by the Securities and Exchange Board
of India (SEBI), the regulator of securities markets in India. It is an
autonomous body governed by a Board of Governors. NISM envisions a
catalytic role in promoting securities markets research and education,
through:
Close interface with policy makers, regulators and industry participants
Continuous knowledge creation, acquisition and dissemination
Collaboration with the larger educational and market infrastructure to
reach constituencies relevant to the securities markets

3. WELCOME
Dear Recruiter,
Welcome to the talent pool of NISM, as a part of the Campus Placement process - 2012-13.
The School for Securities Education (SSE) at NISM is entrusted with the task of providing in-classroom education at the
Professional or Master's level in the field of securities markets. Our Post Graduate Programme in Securities Markets
(PGPSM) is a highly specialized, rigorous and intensive 1-year fulltime programme. Since inception, the design and
delivery processes of this programme have maintained a fine balance of concepts and practice. Over the past 3 years, we
have perfected the design and delivery mechanisms, as can be seen from the sterling on-the-job performance of our
alumni. Two notable aspects that make PGPSM students unique are worthy of recall:
Sunder Ram Korivi
Process: Students are selected from an all-India pool through a written test and interview. As educators, the curriculum is
Dean,
School for Securities under constant review to keep it current and comprehensive. Our faculty members are engaged in research and
Education (SSE) conferences, and bring in specialized inputs to the classroom. Students learn from a wide range of modes, viz. cases,
exercises, role-plays, simulations, databases (Bloomberg, Prowess), seminars and conferences, book reviews, finance-
related film reviews etc. Inputs are spread across three terms, covering Concepts, Applications, Advanced Applications
and Industry-Integration. Our location at Navi Mumbai provides proximity to the intellectual capital from Mumbai - the
financial capital.
Product: A PGPSM students is equipped to be a complete securities market professional. They are positioned to take up a
wide range of responsibilities, such as Analysts, Investment Managers, Risk Managers, Operational Managers etc.
Organizations that will find our students suitable include Analytics firms, Rating Agencies, Stock-Brokers, Fund Managers,
Investment Banks, Banks etc.
Students selected by recruiters have an opportunity to familiarize themselves with their work by April or earlier, if
required. A project dissertation is to be submitted before June 1 each year. This crucial document serves as a link
between academics and practice.
We welcome you once again to our campus recruitment process and look forward to a longstanding relationship between
our organizations.

4. BOARD OF GOVERNORS
As on September 7, 2012
Mr. U. K. Sinha Dr. Pritam Singh
Chairman, SEBI (Chairman, Board of Governors) Director General,
International Management Institute (IMI),
Mr. Rajeev Kumar Agarwal New Delhi
Whole Time Member, SEBI
Prof. R. Vaidyanathan
Mr. Prashant Saran Professor of Finance
Whole Time Member, SEBI Indian Institute of Management, Bangalore
Dr. Thomas Mathew Dr. Sanjay Kallapur
Joint Secretary (Capital Markets), Senior - Associate Dean, Faculty and Research,
Department of Economic Affairs, Indian School of Business,
Ministry of Finance, New Delhi Hyderabad
Mr. P K. Nagpal
. Dr. Ajay Shah
Executive Director-SEBI and Director-NISM Professor,
National Institute of Public Finance and Policy,
Mr. Uday Kotak New Delhi
Vice Chairman & Managing Director, Kotak Mahindra
Bank Ltd. Mr. P K. Nagpal
.
Director, NISM (Chairman, Academic Council
Ms. Chanda Kochhar
Managing Director & Chief Executive Officer, ICICI Bank
Mr. R. M. Malla
Chairman & Managing Director, IDBI Bank Ltd.
Dr. Anil Khandelwal
Former Chairman of Bank of Baroda
Mr. M. S. Sahoo Mr. G. P Garg
.
Advocate Registrar, NISM

5. ABOUT NISM
In his budget speech of February 2005, the Honourable Union Finance VISION
Minister announced that the Securities and Exchange Board of India (SEBI) To be a hub of knowledge initiatives for playing a strategic role in quality
would establish an institute to undertake securities markets education and enhancement and capacity building for transforming the securities markets
research. In pursuance of this mandate, SEBI established the National in India and the Asia-Pacific region.
Institute of Securities Markets (NISM) in Mumbai as a public trust under the
Bombay Public Trust Act, 1950.The mission for NISM is to add to market
quality through educational and research initiatives that would support, MISSION
enable and expedite an entire gamut of high quality knowledge services in the To engage in capacity building among stakeholders in the securities markets
securities industry. A market for securities education and research is through financial literacy, professional education, certification, enhancing
gradually emerging in India and abroad – partly due to the buoyancy in the governance standards and fostering policy research.
securities industry and partly because of the regulatory efforts to create
minimum competency levels for securities industry professionals. NISM INSTITUTE'S PHILOSOPHY
intends to play a catalytic role in addressing these needs. NISM's activities are dedicated towards enhancing the quality of participation
in securities markets. This involves development of knowledge and skill base
Given the uniqueness of India and other developing markets, such of all stakeholders. The Institute's philosophy embodies the spirit of
intervention would follow the twin approaches of accessing and commitment to these objectives.
disseminating the relevant existing knowledge and creating new
knowledge that is more specific and appropriate for developing The activities at NISM are carried out through its Six Schools.
markets. With no other institute in the Asian region that seeks These include;
to address as wide a canvas, NISM stands uniquely poised
to become an institution that would not only serve the School for Investor Education and Financial Literacy (SIEFL)
securities markets in India but could also assume a School for Certification of Intermediaries (SCI)
pan-Asian purpose. School for Securities Information and Research (SSIR)
School for Regulatory Studies and Supervision (SRSS)
School for Corporate Governance (SCG)
School for Securities Education (SSE)

6. ABOUT THE SCHOOL FOR SECURITIES
EDUCATION (SSE)
NISM articulates and implements its mission of improving market
quality through its six schools, each having a specific domain presence
within the securities markets. The role of the School for Securities
Education (SSE) is to provide education for preparing competent
professionals who will serve the securities markets.
The last few years have seen a demand for securities professionals who
are equipped with a wider repertoire of knowledge and skills. This
demand has been spurred by the challenges posed by the growing
Indian economy and the expanding securities market. With the Indian
economy growing consistently at over 5%, many Indian companies are
scaling up their activities in India and abroad. This has necessitated a
greater need for corporations to access the securities markets. The
overall economic growth has also witnessed many Indian corporations
attracting domestic and foreign investments through listings in India
and overseas.
As the Indian economy grows and as Indian investors seek to
participate more in the capital markets, the Indian stock exchanges,
mutual funds, merchant bankers, analysts and stock brokers would
play an even more vital role in meeting the enhanced expectations of
various stakeholders.
With its proximity to policy makers and professionals in the securities
markets community, SSE is uniquely positioned to provide educational
programmes that will create new age securities markets professionals.
Considering the capacity building needs of securities industry, NISM,
under its School for Securities Education (SSE) offers three long-
duration programmes as under:

7. BOUQUET OF PROGRAMMES
1) POST GRADUATE PROGRAMME IN SECURITIES MARKETS (PGPSM)
PGPSM is a one-year full-time post-graduate programme. This flagship programme
was launched in 2010-11 and currently, the third batch is underway. Students of first
batch are working in the securities industry in various entities including credit rating
agencies, banks, brokerages, intermediaries and analytic firms.
2) POST GRADUATE CERTIFICATE IN SECURITIES MARKETS (PGCSM)
NISM and ICICI have entered into an arrangement for offering an exclusive programme
one-year full-time programme titled “Post Graduate Certificate in Securities
Markets”, at NISM, as a joint initiative to attract bright and experienced talent for taking
up a career in banking and financial services with ICICI Bank and its associate
companies and to transform them into skilled professionals in these fields. It is a pre-
placed batch and students, after successfully completing the programme, will be
joining ICICI Group at a compensation level of `12.50 lacs. The first batch commenced
in July 2011 and students joined ICICI Group in July 2012. Their performance on the job
has been rated as excellent.
3) CERTIFICATE IN FINANCIAL ENGINEERING AND RISK MANAGEMENT (CFERM)
CFERM is a nine-month week-end programme for working executives for equipping
skills and nuances of advanced financial engineering aspects. It is a highly quantitative-
oriented programme aimed at grooming risk management professionals. NISM
launched this programme in 2009-10, and the third batch of CFERM is currently
underway. CFERM is offered in two formats - weekend as well as on a residential,
modular basis.
4) CERTIFICATE IN SECURITIES LAW (CSL)
CSL is a six-month week-end programme for working executives and students of other
post-graduate and professional programmes in Finance or Law. It equips participants
to understand and apply securities laws and regulations in compliance, investment
banking and other functions in the securities markets.

8. POST GRADUATE PROGRAMME IN SECURITIES MARKETS (PGPSM)
For students interested in pursuing a career in securities markets, the PGPSM is an extremely unique opportunity to obtain first-hand
knowledge, both theoretical and practical, from an institute established by SEBI, the market regulator. The faculty, consisting of
academicians and practitioners, has the capability to deliver a high-quality programme to the students looking for knowledge and
skill-sets as a solid foundation.
Informal estimates indicate that the securities markets would require about 32,000 professionals every year. The required skill-sets
could be grouped as follows: (1) Fund Management, Analysis and Dealings (2) Sales, Product Management and Brand Management
(3) Operations and Services (4) Information Technology (5) Compliance and (6) Financial Advice and Planning.
PGPSM thus seeks to prepare students to become Fund Managers, Analysts, Dealers, Institutional Sales Persons, Product
Designers, Operations Managers, Compliance Officers, Risk Management Officers, Investment Bankers, and Investment Advisors in
the securities markets.
ABOUT POST GRADUATE PROGRAMME IN SECURITIES MARKETS (PGPSM)
PGPSM is a one-year full time Post-Graduate Programme aimed at creating next generation securities markets professionals.
VALUE ADDITION FROM PGPSM
By completing the PGPSM, students would be able to:
• Abstract the building blocks of the securities markets, understand them conceptually, and
develop the capability to design solutions that meet specific requirements
• Upgrade knowledge and skill sets necessary to perform the key technical activities in the
securities markets
• Develop a well-rounded, complete understanding of securities markets
TARGET AUDIENCE
The target audience includes:
• Graduates and post-graduates aspiring for careers in securities markets
• Executives seeking careers or career switches related to securities markets

9. PROGRAMME ARCHITECTURE
Divided into four terms, the programme is a balanced blend of theory and practice. These four terms lay emphasis on the following:
• Conceptual Phase
• Application Phase
• Advanced Application Phase
• Industry Interaction Phase
Term I Term II Term III Term IV
Conceptual Phase Application Phase Advanced Application Phase Industry Interaction Phase
Economics Fixed Income Securities Global Financial Markets Internship
Securities Analysis & Regulation - Theory &
Mathematics for Finance Project Dissertation
Valuation Practice
Econometrics & Time Mergers, Acquisitions &
Statistics for Finance Seminars
Series Analysis Corporate Restructuring
Financial Accounting &
Portfolio Management Financial Modelling
Reporting
Financial Institutions & Derivatives & Risk
Corporate Governance
Markets Management
Corporate Finance Mutual Funds Special Topics
In addition to the above, students gain exposure through several workshops on contemporary topics such as IFRS, XBRL, Simulated
Trading, Market Microstructure, Behavioural Finance etc.
During Terms I to III, students are expected to study a total of 18 courses of 1 full credit each. Each credit would mean approximately
30 hours of classroom inputs.
In Term IV, commencing from April 16, students are required to undertake an internship project with an organization where they are
placed as executives/interns in the securities industry. The Project Dissertation which carries 2 credits, it is to be submitted before
May 31, the concluding day of Term IV. Students are free to join their respective organizations on or after April 16 each year.

10. LEARNING ENVIRONMENT
The PGPSM programme is strengthened by sound delivery by expert faculty, together with multiple pedagogy. The faculty-team is
comprised of the following:
MA, PhD (Mumbai), FCA, AICWA, Fixed Income Securities, Financial
Sunder Ram Korivi
AIII Markets, Financial Reporting
(Rank Holder), Financial Reporting, Financial Analysis,
S Rachappa
PhD (Osmania) Forensic Accounting, Life Insurance
Statistics, Econometrics & Time Series,
Kiran Kumar MA, PhD (IISc)
Financial Engineering
Poonam Mehra MSc (Econ), PhD (IGIDR) Economics, Regulation, Corporate Finance
(Math), MPhil (Econ), Quantitative Finance, Financial Engineering,
Akhlaque Ahmad
Pursuing PhD (Derivatives) Financial Modelling
Kavitha Ranganathan Behaviourial Finance
Pursuing PhD (Behavioral Finance)
Shobana Balasubramaniam Msc (Economics), IGIDR Economics
(Rank Holder)
Rachana Baid (Adjunct) Financial Markets, Portfolio Theory
PhD (Osmania)
NISM also draws upon the cream of academia and industry for providing cutting-edge inputs in the securities markets domain.
The learning environment is further stimulated by use of technology such as Databases (Bloomberg, Prowess), Application
Software (Matlab, SAS, R) and Simulated Trading with streaming data. Students are provided with internationally benchmarked
textbooks. Additionally, the library is exclusively dedicated towards finance, securities markets and related areas with an up-to-date
collection of books and scientific journals.

11. VISITING FACULTY
M. Venkateshwarlu MCom, PhD Full time faculty Member at NITIE Corporate Finance, Valuation
MA (Econ), Dept of Economics and Statistics,
Shripad Wagle Statistics
Pursuing PhD (Regulation) Tata Services Ltd
MA (Econ), LLB, MBA (Finance),
Surendra Sundararajan Full time faculty at M S University of Baroda Derivatives and Risk Management
PhD
Ramesh Thimmaraya , PGCM, FRM (GARP) IREVNA Statistics, Risk Management
CA, ICWA, CFA (USA),
B. Venkatesh Founder Director of Navera Consulting Mutual Funds, Behaviourial Finance
FRM (GARP)
Chief Representative of KBC Bank (Belgian Bank) Functional Aspect of Banking
Sameer Chinchanikar MBA (IIM Lucknow)
Board Member of KBC Union AMC
Poonam Tandon MBA (XLRI), PhD Senior Fund Manager, IndiaFirst Life Insurance Fixed Income Securities
Senior Vice President, Compliance and Legal at Corporate Laws,
B. Ranganathan FCS, FICWA
Edelweiss Securities Markets Regulation,
Mergers & Acquisitions

12. GUEST LECTURES UNDER THE “LEADERSHIP SERIES”
NISM Bhavan's location on the outskirts of Mumbai enables access to
some of the finest professionals in Mumbai, from various segments of the
financial markets. In order to provide our students with the best blend of
theory and practice, and to build industry-academia partnerships, it is
proposed to invite some of the senior-most executives and finest
professionals to deliver guest lectures under the title “Leadership Series”.
During the Term (Term II), NISM has obtained confirmations from
speakers who have agreed to deliver lectures on their subject of expertise
from end-November onwards.
Some of the speakers NISM include:
Mr. Sudipto Roy, CEO, Principal Retirement Solutions
Mr. Arup Mukherjee, Vice President, National Stock Exchange
Mr. Shobhit Gupta, Head-Fixed Income, ING
Mr. Rajan Ghotghalkar, Country-Head, Principal Retirement Solutions
Mr. Pankaj Kapoor, Director, Liases Foras
Mr. Gopi Suvanam, Director - Finstream
Mr. V Shanmugham, Chief Economist, MCX-SX
Mr. Vikas Khemani, President, Edelweiss
Mr. Alex Varghese, Head-Derivatives, CLSA
Mr. Aditya Agarwal, MD & CEO, Morningstar India
Mr. Sundaresan Nagnath, CEO, DSP Blackrock
Mr. Sridhar Srinivasan, Director, Deutsche Bank
Mr. Atul Joshi, CEO, India Ratings
It is hoped that valuable insights will be gained by the students through the
Leadership Series, for blending in with the conceptual inputs.

13. STUDENT PERFORMANCE AND EVALUATION CRITERIA
PGPSM is a rigorous programme pegged at the level of post graduation,
leading to the award of PGPSM. The programme is specially designed to
raise the professional standards of students. The PGPSM will be awarded
on the basis of the student's performance in the following components:
• Pre-class reading and preparation
• Class participation
• Quizzes
• Term papers/projects/assignments
• Mid-term and end-term examinations
• Any other component of evaluation that the Institute may prescribe
from time to time
• A student is expected to obtain the minimum passing grade of 50% in
each of the courses listed above.

14. Batch Profile 2012-2013
BATCH AT A GLANCE WORK EXPERIENCE
Freshers
Experienced (0-12 Months)
Experienced (13-24 Months)
Experienced (25-36 Months)
Experienced (More than 36 Months)
SECTOR WISE COMPOSITION
BFSI
IT/ITES
Manufacturing and Construction
Others
EDUCATION BACKGROUND
Graduates (Commerce & Science)
Engineers
Post Graduate (Business)
Post Graduate (Banking, Finance)

15. PGSPM: 2012-13 - BATCH PROFILE
ABHINAV GANESHAN ANUJ GOYAL
B.E. (Instrumentation) MBA (Finance)
TATA Consulting Engineers (15 months) B.Tech (Electronics & Communication)
Webtutour (12 months) Steel Hub India Ltd (36 months)
ABHISHEK SAHU AVINASH NADAKUDITY
B.Tech. (Chemical Engineering) B.Tech (Civil Engineering)
Capgemini India Pvt. Ltd. (10 months) L&T Construction (10 months)
BHUMIKA GAUR
B.Sc. (Biotechnology)
ADITYA IYER Goldman Sachs Services India Pvt. Ltd.
B.Com (Accounting and Finance) (48 months)
ANKUR CHAUDHARI
B.E (Information Technology Engineering) JAY SHAH
Accenture Services Pvt. Ltd. (15 months) B.E (Information Technology)
Mphasis - An HP Company (8 months) Infosys Ltd. (22 months)

16. PGSPM: 2012-13 - BATCH PROFILE
KAUSHAL PATEL
PGDB (Banking)
B.Com. (Advanced Accounting) SIDDHARTH
ICICI Bank Ltd (43 months) B. Tech. (Computer Science and Engineering)
ICICI Prudential Life Insurance (7 months) Infosys Ltd (10 months)
NANDITA RAMAKRISHNA
M.S. Finance (Investment Banking)
MAHESH NAIR B.Sc (Statistics Hons.)
B.Tech (Mechanical Engineering) Mercados Energy Markets India Private Ltd.
Angel Broking Ltd. (6 months) (19 months)
M-inent (12 months) Capital IQ (12 months)
MANOJ UPRETI
MCM (Computer Science)
B.Com. (Accounting)
Annik Technology Services pvt Ltd (23 months) PARVEZ MEHTA
WNS Global Services pvt Ltd (40 months) B. Com. (Business Administration)
MONA AGARWAL
MBA (Marketing) PRASAD NARVEKAR
BBA B. Sc (Mathematics)
HSBC Bank (63 months) ICICI Securities Ltd. (43 months)
Citibank (6 months) Bar Code India (53 months)

17. PGSPM: 2012-13 - BATCH PROFILE
SHAM CHANDAK
RAHUL KOLI B.E. (Electronics & Telecommunication Engineering)
B.E. (Mechanical Engineering) Proficient Commodities Pvt. Ltd. (18 months)
Larsen and Toubro Ltd. (48 months) Infosys Technologies Ltd. (7 months)
RAJANI A
M. Com. (Corporate Accounting & Financial
Management)
B. Com. (Cost & Works Accounting) SHASHANK GUPTA
Modern College of Commerce & B. Com. (Hons.) Financial Management
Science, Pune (12 months) PricewaterhouseCoopers Pvt. Ltd. (24 months)
SHYAM NAYMA
RAJAVAGEESHWARAN R PGDM (MBA) Marketing
B.E. (Computer Science and Engineering) B.Sc. (Computer Science)
Karur Vysya Bank (23 months) ICICI Lombard GIC Ltd. (27 months)
RITU AGRAWAL
PGDIB (International Business)
B.A. (Economics) SWATI KHERA
State Bank of India (42 months) B. Com. (Hons.) Financial Management

18. PGSPM: 2012-13 - BATCH PROFILE
YUKTI JAIN
B.Com. (Hons.) Financial Management
PLACEMENTS
Our alumni have given a sterling performance in the following
organisations:
•AK Capital
•Asit C Mehta Intermediaries
•Bank of America-Merill Lynch
•Capgemini
•CARE
•Credit Suisse
•E-Clerx
•ICICI Bank
•ICRA Management Consulting
•IRIS Business Solutions
•JMN Investment Research
•Nomura
•Port Tariff Authority
•SWIFT
•Syntel
•TCS

19. PLACEMENT PROCESS
Placement Schedule:
Invitation to recruiters for Pre-placement talks November 15, 2012
Scheduling of Pre-placement interactions November 21, 2012 onwards
Short-listing of CVs December 1, 2012 onwards
Campus selection process and interviews January 9, 2013 onwards
Offer letters 15 days from date of final interview
Acceptances 15 days from date of offer
• Above placement schedule is indicative only and it can be tailored to suit the requirement of the
companies.
• Companies are welcome to visit our campus and interact with students for pre-placements throughout
the year.
• Placement activities and processes are conducted in collaboration between a Student's Placement
Committee and a Council of Faculty Members
Whom to contact for placements?
Please contact or write to:
• Mr. Rajshekhar Torgal, Deputy Manager, Programme Office, NISM
• Phone: 022 66735125 (Direct) and 022 66735100-105 (Board)
• Email : placement@nism.ac.in
Student Representatives: Kaushal Patel (8976246426), Bhumika Gaur (8286272358)

20. CONFERENCES ORGANISED BY NISM
MORNINGSTAR INVESTMENT CONFERENCE 2012
Taking Stock of Global Economy
In US, Housing expansion and policy dependency along with deleveraging of housing loan will hold key to global economy. In
Europe, there is concern of Sovereign crises. Also, In Europe one man’s debt is another man’s asset and all currencies tied
together. Debt is rising at alarming level in OECD nations. Emerging markets like India and China will contribute 2/3 of future
growth. China has a problem of credit bubbles as after 2008-09, productivity in China is driven by debt. India has a Current
Account and Fiscal Deficit problem. Also, for India, oil prices remain a huge concern. India needs long-term FDI and
investment in the manufacturing sector.
Panel: Global Investing Looking Beyond India
There is a need to invest globally, as it will help in diversification. The route for that can be international fund offerings through
feeder funds. Also, investing can be through ETF in global markets.
Panel: Active or Passive? The debate in Indian context
There is always some Alpha in India, so a primary strategy of passive investing won't work. Cost is a great concern for an
active fund. If passive funds grow rapidly, then new indices will be introduced to cover broader markets.
Panel: Stock Markets 2013-Outlook and Factors to Watch For
For investing, apply a Bottom-Up approach to relatively small sectors and Top-Down approach to relatively grown sectors.
Look out for companies with sustainable businesses. Balance Sheet analysis is very important for second line of a company's
valuation.
A Ringside View of Indian Fund Industry
The fund industry needs to change its culture from sales driven to stewardship driven. There is a need to lower their overhead
cost, so that funds can give better performance. Passive investing is good. The industry must move from a commission-
based model to fee-based business.
Panel: Stock Market-Where to Invest
Information is coming very fast which is deluging investment. A return of 18% CAGR can be expected from Indian Stock
Markets in the long run. For the India growth story to be intact, fall in commodity prices is necessary.

21. INDIA SECURITIZATION SUMMIT 2012
Inaugural Session
Shri U K Sinha, Chairman-SEBI, delivered the inaugural address. In US,
issuances have declined to one-sixth of the levels seen in the pre-crisis
period, whereas in Europe, issuances have come down by 30%, as
compared to the pre-crises period. On the subject of taxation of issuer
SPVs, he mentioned that removal of the uncertainty of taxation is needed
required to facilitate an environment for securitization. TESTIMONIALS OF RECRUITERS
Two students of NISM, Bipul Sinha and Abhishek Priydarshi
Panel I: Taxation of Issuer SPVs
started at JMN last week. Keeping in mind your advice we
If the SPV entity is a trust, by definition, it exists to serve the investors.
have increased their salary by 1 lakh to be in line with market.
Hence, the SPV by itself is not a taxable entity, as the cash flows are taxable
This increase was effective from their start date. I look forward
in the hands of the investor. Keeping this point in mind, taxation of the SPV
to hiring more employees from your institution in the years to
would be tantamount to double-taxation. Globally, SPVs are not taxed, but
come.
the beneficiaries are taxed, especially in Pass-through structures.
S.V. (Bala) Balachander, MBA, CFA, CPA
Panel II: Guidelines on Securitization
Chairman & Managing Director
There is an in-built moral hazard problem in the originate-to-distribute
JMN Investments Research (P) Ltd.
model. This has led to guidelines on Minimum Holding Period (MHP),
Minimum Retention Ratio (MRR) issued by RBI. RBI expects banks to
Very impressed with the calibre of candidates;
monitor loan portfolios. Most of the transactions in India are Asset Backed
we are quite keen to continue the relationship
Securitizations (ABS), structured as simple Pass-through-Certificates
(PTCs). In securitization, the moral hazard of originate to distribute
Nosheen Khan,
coincides with the difficulty in monitoring, pools of (say) 1000 borrowers.
VP Marketing - Markit, London
Panel III: Market Making
Ms. Pallavi Jain of 1st Batchof PGPSM joined us. She is fast
Securitized instruments could also be traded on the exchange platform by
learner, intelligent and picking up her job well.
bringing more transactions into the public domain. There is also the need
to attract retail investors towards debt instruments, and securitized paper
Rajesh Pawar
could be one such option, going by the popularity of debt IPOs in recent
Director, I-peritus
times. Retail investors could be attracted by the inflation-adjusted returns
that securitized debt instruments may offer.

22. PGPSM 2012
PLACEMENTS 2013
POST GRADUATE PROGRAMME
IN SECURITIES MARKETS

24. NATIONAL INSTITUTE OF SECURITIES MARKETS
Plot No. 82, NISM Bhavan, Sector-17 Vashi, Navi Mumbai - 400 703
Phone: Mr Rajshekhar Torgal,+91-22-66735125
Board: +91-22-66735100-05
Fax: +91-22-66755710
www.nism.ac.in