Sip Report on Commercial Paper

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SUMMER INTERNSHIP PROJECT REPORT ON-
SOURCES OF FUNDS FOR NBFCs
AND
ANALYSIS OF FINANCIAL STATEMENTS

SUBMITTED BY-
JYOTSNA GOEL
B.COM. (HONS)
IST YEAR (SESSION 2011-2012)
ROLL NO: 11/378
SHRI RAM COLLEGE OF COMMERCE

UNDER THE GUIDANCE OF-
MR. ANURAG GOEL
VICE PRESIDENT (TREASURY)
RELIGARE CORPORATE SERVICES LIMITED

CERTIFICATE

This is to Certify that Jyotsna Goel, student of I Year , B.COM.(HONS.), Shri Ram College Of Commerce, has duly completed her Summer Internship at Religare Corporate Services Limited and has submitted a project report on ‘Sources Of Finance For NBFCs And Analysis Of Financial Statements’.

Dr. P.C. JAIN
(Principal)

PREFACE
Being a student from commerce background and pursuing B.Com. (Hons.) at Shri Ram College Of Commerce makes it essential to have hands on experience of working in a Corporate Environment right at the Under Graduate Level so as to make the theoretical learning of the College amalgamate with practical knowledge of the subjects.

The basic idea of assignment of this project is to incorporate the theoretical aspects of finance into the practical way of financing of companies, Non- Banking Financial Companies (NBFCs), per se. The activities of non-banking financial companies (NBFCs) in India have undergone qualitative changes over the years through functional specialization. The role of NBFCs as effective financial intermediaries has been well recognized as they have inherent ability to take quicker decisions, assume greater risks, and customize their services and charges more according to the needs of the clients. While these features, as compared to the banks, have contributed to the proliferation of NBFCs, their flexible structures allow them to unbundle services provided by banks and market the components on a competitive basis.

The training session helped me to get details about the working process in the organization. It also helped me to know about the organizational management and discipline, which has its own importance. The training is going to be a lifelong experience for me. It has paved the way for a corporate career after further studies.

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ACKNOWLEDGEMENT

I would like to express my profound gratitude to all those who have been instrumental in the preparation of my project report in the course of my internship.

To start with, I would like to thank the organization Religare Corporate Services Limited. (REL) for providing me the opportunity to undertake this internship study and allowing me to explore the area of finance which was totally new to me and which would prove out to be very beneficial to me in my future assignments, my studies and my career ahead. I would like to express my sincere gratitude to Mr. Sunil Garg (President - Treasury) for giving me an opportunity to be a part of this esteemed organization. I wish to place on records, my deep sense of gratitude and sincere appreciation to my company guide and mentor, Mr. Anurag Goel (Vice President- Treasury) who suggested and prepared the framework of the project. I would also like to thank him for his continuous support, advice and encouragement, without which the project as well as the internship would not have been possible.

I am sincerely grateful, to Mr. Basab Chakrabarty (Manager), Mr. Mayank Garg (Deputy Manager), Mr. Praveen Jha (Associate Manager), Mr. Karamjeet Singh (Deputy Manager) for providing me with practical knowledge on aspects of Commercial paper, Debentures, Inter-Corporate deposits, Bank Account opening, KYC Documentation and for the valuable suggestions, feedback and support throughout the internship. They helped me move ahead in a systematic manner with my project.

I extend gratitude from the bottom of my heart to the entire Treasury Department for providing me an environment to be able to understand the Corporate World at...
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