Hasnain Coaching Centre Magam, Commerce & Management.

14/09/2017

SBI Life Insurance, a subsidiary of the country's largest lender SBI, will hit the capital market on 20 September to raise up to Rs 8,400 crore. The initial share sale offer will open on 20 September and will remain open until 22 September, State Bank of India said in a regulatory filing to the stock exchanges. This would be the second listing of a life insurer after ICICI Prudential Life Insurance, which went public last year. SBI Life IPO is the largest public offer in last seven years.
IPO details

The price band for the public offer has been fixed between Rs 685 to Rs 700 per share of face value Rs 10 each, company said in an exchange filing. At the upper end of the price band, the company will raise Rs 8,400 crore. Investors can bid for the IPO with a minimum of 21 shares. SBI Life’s public issue involves its promoters offloading up to 12 crore shares of face value of Rs 10 each through the offer of sale route. will dilute up to 8 crore shares while BNP Paribas Cardif SA will offload up to 4 crore. The book running lead managers to the offer are JM Financial Institutional Securities, Axis Capital, BNP Paribas, Citigroup Global Markets India, Deutsche Equities India, ICICI Securities, Kotak Capital Company and SBI Capital Markets.

01/04/2017

With this merger, SBI will join the league of top 50 banks globally in terms of assets.

Five associates and the Bharatiya Mahila Bank became part of the State Bank of India (SBI) on Saturday, catapulting the country’s largest lender to among the top 50 banks in the world.

State Bank of Bikaner and Jaipur (SBBJ), State Bank of Hyderabad (SBH), State Bank of Mysore (SBM), State Bank of Patiala (SBP) and State Bank of Travancore (SBT), besides Bharatiya Mahila Bank (BMB), merged with SBI with effect from April 1, the bank said in a statement.

“With this six-way mega merger, SBI has again displayed its ability to change and evolve in order to continue as the country champion among banks in India and to create enduring value,” SBI said.

With this merger, the bank will join the league of top 50 banks globally in terms of assets, it added.

The total customer base of the bank will reach 37 crores with a branch network of around 24,000 and nearly 59,000 ATMs across the country.

The merged entity will have a deposit base of more than Rs 26 lakh crore and advances level of ₹18.50 lakh crore.

Welcoming all the stakeholders of merged entities, SBI Chairman Arundhati Bhattacharya said the bank will strive to conclude the transition process within a quarter.

“The combined entity will enhance the productivity, mitigate geographical risks, increase operational efficiency and drive synergies across multiple dimensions while ensuring increased levels of customer delight,” she said.

Post merger, the bank will rationalise its branch network by relocating some of the branches to maximise reach. This will help the bank optimise its operations and improve profitability, she said.

Integration of treasuries of the associate banks with the treasury of SBI will bring in substantial cost saving and synergy in treasury operations, she added.

The government had in February approved the merger of these five associate banks with SBI. Later in March, the Cabinet approved merger of BMB as well.

SBI first merged State Bank of Saurashtra with itself in 2008. Two years later, State Bank of Indore was merged with it.

The board of SBI earlier approved the merger plan under which SBBJ shareholders will get 28 shares of SBI (₹1 each) for every 10 shares (₹10 each) held. Similarly, SBM and SBT shareholders will get 22 shares of SBI for every 10 shares.

SBI had approved separate schemes of acquisition for State Bank of Patiala and State Bank of Hyderabad. There will not be any share swap or cash outgo as they are wholly-owned by the SBI.

06/05/2016

31/01/2016

Company Name Origin/ Meaning
:
1. Mercedes - Name of the daughter of the
founder.
2. Nokia - Name of city & River in Finland.
3. Pepsi - Named from the digestive enzyme
pepsin.
4. Honda - From the name of its founder Soichiro
Honda.
5. Sony - from the Latin word 'sonus' meaning
sound.
6. Maggi - Food company named after its
founder, Julius Maggi.
7. Suzuki - From the name of its founder, Michio
Suzuki.
8. Samsung - Meaning' three stars'in Korea.
9. Toyota - From the name of founder, Sakichi
Toyoda.!
10. Yamaha - After Torakusu Yamaha, who
founded the company.
11. Adidas - From the name of the founder Adolf
(Adi) Dassler (das).

10/01/2016

10th class results to be announced
today: JKBOSE
The results will be available on the official
website of JKBOSE from 7pm onwards, said
Showkat Usman, official spokesman of the board.

01/01/2016

it is informed of all students of 12th class that the management class will start at 9:50am from tomorrow inshallah

21/12/2015

HASNAIN COACHING CENTRE
offers
COACHING FOR 9th , 10th , 11th,12th (Arts and Commerce )B.com ,BBA , BA. and English language.
Classes will start on 25 DEC.

12/11/2015

" When the ancient Chinese decided to live in
peace, they made the great wall of china,
They thought no one can climb it due to its
height.
During the first 100 year of its existence, the
Chinese were invaded thrice. ...
And everytime, the hordes of enemy infantry had
no need of penetrating or climbing over the
wall...because each time they bribed the guards
and came through the doors.
The Chinese built the wall but forgot the
character-building of the wall-guards
Thus the building of human character comes
BEFORE building of anything else.....
Thats what our Students need today.
Like one of the Orientalist said:
If you want to destroy a civilization and a nation
there are 3 ways:
1. Destroy family structure.
2.Destroy education.
3. Lower the status of the role models and
references.
1.In order to destroy the family; undermine the
role of Mother, so that she feels ashamed of
being a housewife.
2. To destroy education: you should give no
importance to Teacher, and lower his place in
society so as that the students despise him
3.To lower the role models: you should undermine
the scholars, doubt them untill no one listens to
them or follows them.
For when a conscientious mother disappears, a
dedicated teacher disappears and there's a
downfall of role models,
WHO will teach the youngsters VALUES!
Have a thought."

21/10/2015

A story of one brilliant Boy
A Little boy went to a telephone booth which was
at the cash counter of a store and dialed a
number. The store-owner observed and listened
to the conversation:
Boy: “Madam, can you give me the job of cutting
your lawn?”
Woman: (at the other end of the phone line) “I
already have someone to cut my lawn.”
Boy: “Madam, I will cut your lawn for half the
price than the person who cuts your lawn now.”
Woman: “I am very satisfied with the person who
is presently cutting the lawn.”
Boy: (with more perseverance) “Madam, I’ll even
sweep the floor and the stairs of your house for
free.”
Woman: “No, thank you.”
With a smile on his face, the little boy put the
receiver down. The store-owner, who was
listening to all this, walked over to the boy.
Store-owner: “Son….I like your attitude; I like that
positive spirit and would like to offer you a job.”
Boy: “No thanks.”
Store-owner: “But you were really pleading for
one.”
Boy: “No Sir, I was just checking my performance
at the job I already have. I am the one who is
working for that lady I was talking to!”
This is called “Self-Appraisal”
Give your best and the world comes to you !!

21/08/2015

Hasnain Coaching centre offers Coaching for following subjects.
1) Quantitative Techniques.
2) Income tax law and practice.
3) Management Accounting.
4) Financial Accounting.
5) Cost Accounting.
6) Human Resource Management.
7) Marketing Management.
8) Financial Management.
9) Strategic Management
10) Business Economics
11) Business statistics.
Inshallah New batches will be starting from Monday.
(N.N)

17/07/2015

THUNDERSTORM SAFETY.
Thunderstorm is also called Electrical
storm,Lightening storm or Thunder-shower.They
are accompanied by strong winds,heavy rains etc.
Thunderstorm result from rapid upwards
movement of warm or moist air.
Be aware of Lightening & its acoustic effects....
*Don't shelter under tall or isolated trees during
thunderstorm.
If you are in a jungle put as much distance
between you & trees during you hear
thunderstorm.
*If you are in a group spread out to increase
chances of survivors.
*Avoid electrical appliances & use cordless or
wireless telephones are safe to use during
thunderstorm
*Close & stay away from windows & doors as
glass can be hazardous.
*Don't bath or shower as plumbing conducts
electricity
*Avoid open areas like hill tops,fields & beaches
*Cancel or reschedule outdoor events
*If driving safely exit the roadway but remain in
the vehicle but avoid touching the metal
*Avoid carrying iron materials while on the way
Monitor Forecast & weather conditions in your
particular jurisdictions.