Implementation of BALM - Bank Asset Liability Management at Axis Bank
Axis Bank is one of the three largest private sector banks in India, providing services to customers from SME, Agriculture, Retail Business Segment and Large & Mid Corporates, the bank has a growing asset size of above 100 Billion USD.
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Implementation of BALM - Bank Asset Liability Management at Axis Bank
Axis Bank is one of the three largest private sector banks in India, providing services to customers from SME, Agriculture, Retail Business Segment and Large & Mid Corporates, the bank has a growing asset size of above 100 Billion USD.

Axis Bank is one of the three largest private sector banks in India, providing services to customers from SME, Agriculture, Retail Business Segment and Large & Mid Corporates, the bank has a growing asset size of above 100 Billion USD. The Bank has a large footprint of around 2400 domestic branches. The overseas operations of the Bank are spread over seven international offices with branches at Singapore, Hong Kong, DIFC (Dubai International Financial Centre), Colombo and Shanghai and representative offices at Dubai and Abu Dhabi.

Implementation of BALM

Background After opting for a new core banking solution, Axis Bank was looking for an Asset Liability Management solution to manage and mitigate their financial risk as per the ALM guidelines from Reserve bank of India.

Challenges

Bank didn’t have a system in place for ALM and all the reports were generated manually.

  • The main challenge was to retrieve large volumes of data from Core banking and Treasury systems (Finacle Core, Finacle Treasury and FinnOne)
  • The time taken to extract data and generate report manually was too long
  • Segregation of ALM products into multiple sub products was not easy due to complex mapping between ALM products and General ledger accounts
  • It was difficult for bank to meet the increased demand of additional reports from Regulatory authorities
  • Lack of data and tools for fine tuning the Asset Liability Management system

Solution

Axis chose Surya’s BALM as a best fit solution for asset liability management including ability for regulatory compliance and ease of use and maintenance. BALM resolved the main concern of the bank for centralization for effective and timely assessment of risk.

A Brief on BALM implementation

BALM was implemented in Axis Bank in 2002. The project was completed in a span of 3 months. Application has been upgraded to newer version twice in last 10 years in the bank. The minor upgrades are provided periodically whenever there is demand from Central bank for new reports.

BALM at Overseas branches

BALM is also implemented at five overseas operations of the Bank in the year 2013 – 14

  • Axis Bank – Srilanka
  • Axis Bank – Dubai
  • Axis Bank – Singapore
  • Axis Bank – Hong Kong
  • Axis Bank – Shangai The implementation of overseas operations was quick and completed in a span of 3 Months.

A BALM consolidator application is also implemented in Axis Bank India to give a consolidated view of Domestic as well as overseas ALM reports.

Results

Surya’s solution has given Axis Bank with detailed analysis at consolidated and granular level for better decision making especially in time constrained activities.

  • BALM handles large volumes of data each day with quick transformation and calculation throughput
  • The entire process of data upload and report generation takes less than 4 hours in domestic operation
  • For Overseas operations, data interface execution takes less than 1 hour
  • With a successful interface mapping between BALM and General Ledger codes, bank is able to create new ALM products and bifurcate the existing products into multiple ALM products on its own
  • For entire Term loan portfolio of bank, Loan cashflows are generated in BALM interface for segregating outstanding loans into appropriate buckets
  • With consolidated BALM application in place, bank is able to get a consolidated view of domestic and overseas operations’ ALM position. The consolidator not just provides basic ALM reports but also gives all other analytics of Liquidity and Interest Rate risk at consolidated level
  • The consolidation of domestic and overseas operation takes less than 10 minutes. Consolidation is done after executing individual operations
  • Apart from regulatory reports, Bank is able to analyze and monitor Net Interest Income, Duration, Market Value of Equity, Several balance sheet Ratios etc.
  • Compliance with regulatory norms has been enhanced with increased accuracy and consistency of data and assumptions

For more information please write to sales@surya-soft.com

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What People say?
“Indo Zambia Bank is proud to mention that we are the first Bank in Zambia, to have implemented ALM to manage our balance sheets with the help of Surya’s BALM tool. The entire product cycle from sale to customization, development and Implementation was done within 6 months to take care of our immediate needs. Along with their BALM product, we went ahead to use other reporting products like FTP, Prudential, RCSA, Register incident, BASEL II etc due to their stupendous tech and efficiency of their tools. The team from Surya has been accommodative and reactive to our changes and went along with us to deploy solutions in a time-bound manner.”
Harikrishna Bommareddy
CFO
At NBS Bank we decided to engage the services of Surya Software Systems for their Bank Balance Sheet/Assets and Liabilities management system and we are happy to share that it was a great decision. We utilize their solution to assist us on optimizing balance sheet strategies with the enhancement of information as their system produces versatile and timely reports suitable for our departmental needs. Having this system enables us to focus on strategic and regulatory balance sheet management knowing that all the assets and liabilities management reports are automated and accessible through their application.
Our experience in working with Surya has been very positive and we would highly recommend them as they are able to accommodate all client needs without compromising their service standards.
Neema Kitta Mojoo
Manager – Asset & Liability Management
In 2014, Doha Bank decided to move to a structured ALM solution and decided to implement Surya BALM. In addition, it was decided to procure a FTP system to meet the profitability measurement requirements. These systems were implemented successfully within in a short span of time in Qatar, Kuwait & UAE. A consolidator that aggregates ALM positions at the head office has also been implemented.
Surya has helped to significantly reduce the end of day processing time to under 45 minutes. Besides the central bank reporting, BALM has helped the bank produce Basel III liquidity reports. We are happy to have partnered with Surya, support from them has been reassuring.
Gaurav Dhingra
Head of Financial Risk
I have been working with Surya Software for 15 years. There were several projects for various companies as different as Street lighting control systems or Watch Retail. The capacity of Surya to understand properly the issues related to specific businesses, to answer quickly to complex proposals, and to deliver on time appropriate developments, have given satisfactory and confidence to the end-users vis-à-vis Surya.
Henri MABILLE
CIO
Surya-soft’s BALM software provides Axis Bank with a Bank-wide asset liability management system capable of handling granular ALM data for both its domestic as well as overseas operations on a daily basis as well as consolidate liquidity positions using BALM consolidator. It offers the Bank an enhanced platform to meet its liquidity and interest rate risk monitoring and analytics requirements in addition to meeting regulatory and internal reporting needs
Pravat Dash
SVP & Head (Market Risk)
“Indo Zambia Bank is proud to mention that we are the first Bank in Zambia, to have implemented ALM to manage our balance sheets with the help of Surya’s BALM tool. The entire product cycle from sale to customization, development and Implementation was done within 6 months to take care of our immediate needs. Along with their BALM product, we went ahead to use other reporting products like FTP, Prudential, RCSA, Register incident, BASEL II etc due to their stupendous tech and efficiency of their tools. The team from Surya has been accommodative and reactive to our changes and went along with us to deploy solutions in a time-bound manner.”
Harikrishna Bommareddy
CFO
At NBS Bank we decided to engage the services of Surya Software Systems for their Bank Balance Sheet/Assets and Liabilities management system and we are happy to share that it was a great decision. We utilize their solution to assist us on optimizing balance sheet strategies with the enhancement of information as their system produces versatile and timely reports suitable for our departmental needs. Having this system enables us to focus on strategic and regulatory balance sheet management knowing that all the assets and liabilities management reports are automated and accessible through their application.
Our experience in working with Surya has been very positive and we would highly recommend them as they are able to accommodate all client needs without compromising their service standards.
Neema Kitta Mojoo
Manager – Asset & Liability Management
In 2014, Doha Bank decided to move to a structured ALM solution and decided to implement Surya BALM. In addition, it was decided to procure a FTP system to meet the profitability measurement requirements. These systems were implemented successfully within in a short span of time in Qatar, Kuwait & UAE. A consolidator that aggregates ALM positions at the head office has also been implemented.
Surya has helped to significantly reduce the end of day processing time to under 45 minutes. Besides the central bank reporting, BALM has helped the bank produce Basel III liquidity reports. We are happy to have partnered with Surya, support from them has been reassuring.
Gaurav Dhingra
Head of Financial Risk
I have been working with Surya Software for 15 years. There were several projects for various companies as different as Street lighting control systems or Watch Retail. The capacity of Surya to understand properly the issues related to specific businesses, to answer quickly to complex proposals, and to deliver on time appropriate developments, have given satisfactory and confidence to the end-users vis-à-vis Surya.
Henri MABILLE
CIO
Surya-soft’s BALM software provides Axis Bank with a Bank-wide asset liability management system capable of handling granular ALM data for both its domestic as well as overseas operations on a daily basis as well as consolidate liquidity positions using BALM consolidator. It offers the Bank an enhanced platform to meet its liquidity and interest rate risk monitoring and analytics requirements in addition to meeting regulatory and internal reporting needs
Pravat Dash
SVP & Head (Market Risk)
“Indo Zambia Bank is proud to mention that we are the first Bank in Zambia, to have implemented ALM to manage our balance sheets with the help of Surya’s BALM tool. The entire product cycle from sale to customization, development and Implementation was done within 6 months to take care of our immediate needs. Along with their BALM product, we went ahead to use other reporting products like FTP, Prudential, RCSA, Register incident, BASEL II etc due to their stupendous tech and efficiency of their tools. The team from Surya has been accommodative and reactive to our changes and went along with us to deploy solutions in a time-bound manner.”
Harikrishna Bommareddy
CFO
At NBS Bank we decided to engage the services of Surya Software Systems for their Bank Balance Sheet/Assets and Liabilities management system and we are happy to share that it was a great decision. We utilize their solution to assist us on optimizing balance sheet strategies with the enhancement of information as their system produces versatile and timely reports suitable for our departmental needs. Having this system enables us to focus on strategic and regulatory balance sheet management knowing that all the assets and liabilities management reports are automated and accessible through their application.
Our experience in working with Surya has been very positive and we would highly recommend them as they are able to accommodate all client needs without compromising their service standards.
Neema Kitta Mojoo
Manager – Asset & Liability Management
In 2014, Doha Bank decided to move to a structured ALM solution and decided to implement Surya BALM. In addition, it was decided to procure a FTP system to meet the profitability measurement requirements. These systems were implemented successfully within in a short span of time in Qatar, Kuwait & UAE. A consolidator that aggregates ALM positions at the head office has also been implemented.
Surya has helped to significantly reduce the end of day processing time to under 45 minutes. Besides the central bank reporting, BALM has helped the bank produce Basel III liquidity reports. We are happy to have partnered with Surya, support from them has been reassuring.
Gaurav Dhingra
Head of Financial Risk
I have been working with Surya Software for 15 years. There were several projects for various companies as different as Street lighting control systems or Watch Retail. The capacity of Surya to understand properly the issues related to specific businesses, to answer quickly to complex proposals, and to deliver on time appropriate developments, have given satisfactory and confidence to the end-users vis-à-vis Surya.
Henri MABILLE
CIO
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