IB Club Curriculum – Built for Careers in NBFC Treasury & Debt Markets
This curriculum is designed around how treasury and investment banking professionals actually grow on the job—not how finance is taught in classrooms. It follows the real-world progression of responsibilities, from understanding NBFC operations to executing complex fund-raising transactions and leading strategic decisions. Each module builds on the previous, creating structured pathways that reduce confusion and accelerate career growth in treasury, debt capital markets, and structured finance.
How the IB Club Pathway Curriculum Is Structured
Foundation (8 courses)
Builds context and clarity for those entering NBFC treasury or corporate finance roles. Covers business models, liability instruments, and basic treasury operations.
Professional (10 courses)
Focuses on execution—raising funds, managing lenders, ALM operations, and building data packs that support real transactions and growth.
Mastery (10 courses)
Designed for senior professionals handling strategy, structured finance, regulatory alignment, and complex negotiations with investors and rating agencies.
This is a career-aligned pathway, not a content library. Learning is stage-wise, matching career maturity and responsibility. Concepts are introduced only when they become relevant in actual roles, ensuring you build capability progressively without overwhelm.
Foundation Program – Understanding NBFCs & Treasury Fundamentals
The Foundation module builds context and clarity for those entering NBFC treasury, corporate finance, or debt roles. It establishes the "why" behind treasury functions and helps you understand how NBFCs operate, grow, and manage capital.
1
Business Models of NBFCs
Understand how different NBFCs generate revenue—whether through retail lending, wholesale finance, or asset-backed lending. This clarity helps you see where treasury fits into the larger business.
2
Role of Corporate Finance / Treasury Function
Learn what treasury teams actually do: raise capital, manage liquidity, maintain lender relationships, and ensure the NBFC never runs short of funds to support growth.
3
Overview of Liability Instruments
Grasp the basics of bank loans, NCDs, CPs, ECBs, and assignments. Used daily when treasury professionals evaluate funding options and present alternatives to management.
4
Cash Flow Management & Forecasting
Learn to project inflows and outflows, anticipate funding gaps, and plan ahead. Essential for anyone supporting liquidity management or treasury operations.
5
How to Raise Bank Term Loans
Understand the process from application to disbursement—documentation, negotiations, covenants. Bank loans remain the largest funding source for most NBFCs, making this knowledge foundational.
6
Liquidity Management & Liquid Investments
Learn how to manage daily cash positions, invest surplus funds, and understand negative carry. Critical for treasury analysts tracking liquidity buffers and investment income.
7
Book Debts Preparation & Security Cover Reporting
Master how to prepare and certify security cover for lenders. This reporting ensures compliance with loan covenants and builds lender confidence in your asset quality.
8
Building a Corporate Deck
Learn to structure investor presentations that communicate business strength, financial health, and growth plans. Used when approaching new lenders or presenting to rating agencies.
Professional Program – Execution, Fund Raising & Treasury Operations
This stage is for professionals who already understand basics and now need to execute transactions, manage lender relationships, and support organizational growth. You move from understanding concepts to handling real deals, preparing term sheets, and coordinating with banks, investors, and internal stakeholders.
1
NBFC Organisation Design & Business Workflows
Understand how NBFCs structure teams, design credit processes, and manage origination to collections. Helps you see where treasury integrates with credit, operations, and risk functions.
2
Asset Liability Management & Stress Testing
Learn to track maturity mismatches, simulate liquidity stress scenarios, and present ALM dashboards to senior management and regulators. Core to treasury risk management.
3
Raising ECBs, Hedging & Listed Bonds
Execute foreign currency borrowings, understand hedging strategies, and manage listed bond issuances. Used when diversifying funding sources beyond domestic banks.
4
Commercial Paper Issuance
Handle short-term fund raising through CPs—understanding pricing, documentation, IPA coordination, and investor outreach. A key skill for managing working capital efficiently.
5
NCD Issuances (Institutional, Retail & Reissuances)
Learn the mechanics of private placements, public retail NCDs, and reissuances. NCDs are a primary tool for long-term capital, and executing them requires coordination across legal, rating, and investor teams.
6
Direct Assignment vs PTC & Transaction Operations
Understand how NBFCs monetize loan portfolios—whether through direct assignment or pass-through certificates. Used in off-balance-sheet financing and capital optimization strategies.
7
Lender Mapping & Pipeline Management
Build and maintain a pipeline of lenders—banks, mutual funds, AIFs. Track approvals, pricing, and disbursement timelines. Essential for ensuring continuous access to capital.
8
Cash Management Tools
Use digital platforms and dashboards to track daily cash positions, manage nostro accounts, and coordinate fund transfers across banks.
9
Building Smart Data Packs for Lenders
Create concise, structured data packs that answer lender questions on portfolio quality, collections, and financial performance. Used in quarterly reviews and renewal discussions.
10
Building Financial Projections
Model revenue, expenses, and funding needs over 3-5 years. Projections support business planning, credit applications, and investor presentations.
Mastery Program – Strategy, Structured Finance & Decision-Making
The Mastery module is designed for senior professionals responsible for strategy, structuring, negotiation, and regulatory alignment. At this level, you're not just executing transactions—you're shaping funding strategy, negotiating complex term sheets, managing rating agency relationships, and advising leadership on capital structure and risk.
Regulatory Landscape (RBI / SEBI)
Understand regulatory frameworks governing NBFCs, capital adequacy norms, and compliance obligations. Critical for strategic planning and ensuring all funding structures remain compliant.
Role of Private AIFs in NBFC Fund Raising
Learn how AIFs invest in NBFCs through structured debt, mezzanine capital, or equity. Used when exploring alternative capital beyond traditional banks and bonds.
PTC Mechanics, Waterfalls & Credit Enhancements
Master the structuring of pass-through certificates—cash flow waterfalls, credit enhancements, and tranching. Essential for securitization and off-balance-sheet financing strategies.
Term Sheet Economics & Covenants
Negotiate pricing, covenants, prepayment terms, and security clauses. Senior professionals use this knowledge to balance cost of capital with operational flexibility.
Credit Rating Playbook
Manage rating agency interactions, understand rating methodologies, and present strategies to maintain or improve ratings. Ratings directly impact borrowing costs and investor confidence.
Co-lending Framework & Compliances
Structure co-lending arrangements with banks—understanding regulatory guidelines, contract terms, operations, and reporting. Increasingly important as NBFCs partner with banks for growth.
Key Ratios & Financial Analysis
Use leverage ratios, coverage ratios, ROE, and NIM to assess financial health and performance. Senior professionals interpret these ratios to guide strategic decisions and investor communications.
Use of AI in Treasury & IB Roles
Explore how AI tools support credit analysis, forecasting, data visualization, and report generation. Understanding AI applications positions you as a forward-thinking treasury professional.
Trend Analysis & Charts
Build visual trend analyses that communicate portfolio performance, funding cost movements, and liquidity positions. Used in board presentations and investor updates.
Lender Credit Appraisal Framework
Understand how banks and investors evaluate NBFCs—risk metrics, portfolio quality, management capability. This knowledge helps you anticipate lender concerns and structure proposals that get approved faster.
Learn with Clarity. Build with Confidence.
This curriculum is designed to build confidence progressively, reduce overwhelm, and support long-term careers in NBFC treasury and debt markets. Module-by-module learning ensures you never face confusion from jumping to advanced topics prematurely. Structured progression means fundamentals support better judgment later, and career trial-and-error is minimized.
Tools like Excel and data packs are taught in context—showing how professionals actually use them for ALM tracking, cash flow forecasting, lender reporting, and fund-raising analysis. But remember: tools support judgment; they don't replace understanding.
The IB Club pathway integrates Career Diagnostic for clarity, Curriculum for capability, and Mentorship for interpretation. Learning is part of a broader career journey—one that equips you to handle real responsibilities with confidence and competence.
