Saturday, March 10, 2012

Banking Finance - humour !!

I was keen to learn about banking finance. No, not from books. But from newspaper and analysis and application of thinking abilities.
I have a method for this complex system. And I shall share it with you.
Can banks do without IT? No, it cannot. So I thought let me look at banking from the IT angle.

1)IT can do complex calculations.
2)IT follows logical steps.
3)IT has hierarchy in permissions.
4)IT can connect to the whole world.

If a wise guy says,  "Don't you know XYZ Bank offers higher interest and that too with more flexibility and more facilities?". Then do not be awed by his knowledge. You can satisfy yourself with the thought that maybe XYZ Bank has better methods for more complex calculations.

If the wise guy says, "Don't you know GHI Finance Ltd. needs lesser documents for verification and quicker processing for loans?". You can satisfy yourself with the thought that maybe GHI Finance is using overloaded functions with lesser parameters though all the steps are followed.

If your boss says, "Go and submit this bank guarantee.". You must go one step ahead and after submitting the bank guarantee to clerk, you contact the super user (bank manager) to ask whether he has approved receipt of bank guarantee.

If the wise guy says, "What? You got only 78 rupees to an english pound? I managed to get 79 rupees." You can satisfy yourself with the thought that today the world is connected by Internet and maybe the wise guy managed to log on to a better site.


  1. if the wise guys say
    like the way you started the conversation

  2. Thanks sm.
    Of course now I think finance is different. I went to Reliance digital shop yesterday and saw so many items. Wanted to buy lots. But did not. Felt I need to sacrifice and do much much more to buy some of these products.
    But we did buy footwear for children.

  3. sm, the wise guy may make a lot of financial jargons and show off financial wisdom. But I will fight him with IT.

    5) IT has artificial intelligence.

    The seed for the artificial intelligence shall be "Money today is better than the same money tomorrow" (A 100 rupee you get today is better than 100 rupee tomorrow).
    The wise guy may make genius like, outstanding statements on finance. What I will do is build a complex structure from the AI seed above and maintain balance of my mind.