Offshore banking – Chosen as a means for tax exemption

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Offshore banking has become famous for the effective reduction of taxes and the privacy options provided by the great organization and individuals. Prior to the acquisition of an online bank at sea, it is suggested that the person has to understand the various benefits of offshore banking and whether these benefits meet their expectations or purposes. There is no need to open a bank account if it does not meet the needs of the client, the privacy options provided by offshore banking online depends on the situation of the client.

offshore banking unit also comes with special features such as attention from local banks or other lenders; recent banking unit offshore presence around the world increased. Most countries free offshore banking unit in other countries that are at peace with them. Many Indian banks like ICICI and State Bank of India also have their own set of offshore banking units in various locations. ICICI Bank offshore banking unit headquartered in Bahrain and Singapore branches advisor to various other places like Belgium, Dubai and Hong Kong. ICICI has extended his victories abroad with representative offices in 19 countries worldwide.

Offshore banking offered are somewhat similar to that provided by traditional banks, some of the offshore banking includes cash credit, withdrawal of deposit, government investment in banks, the electronic transfer of funds, management funds, foreign exchange, surveillance of offshore banking and trust services. It is not necessary that all banks must provide each offshore banking services specified above, as it depends on private banking and personal.

The country of residence of the applicant in the offshore banking sector differs from the exact location of the bank where the applicant has an account on their behalf that provides economic benefits. The advantages offered by offshore banks to better understand a person’s privacy policies, minimal or no taxation, ease of access to deposits and protection against any financial crisis. Offshore banking is often associated with economic conditions and the secret crime which involves methods to avoid tax collection and heaps of money.

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Fino-mitra Leading The Way In Mobile Banking

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Transactions through mobile:

FINO-MITRA:

FINO-MITRA (Mobile Based Information and Transactions), a comprehensive set of end-to-end offerings for enabling microfinance initiatives leveraging mobile as a platform for better mobile banking services to customers.

Services:

* Covers the entire range of services starting from operational tasks such as enrollment to complex transactions such as mobile commerce.

* Caters to the needs of the agents/ middlemen as well as the end users.

* Agents are offered Mobile Based Enrolment as well as Mobile Based POT.

* End users are offered Mobile Banking, Mobile e-wallet, M-commerce thus completing the solution ecosystem for enabling financial inclusion using mobile as a platform.

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Mobile Banking Strategy and Approaches:

The mobile banking strategy has 2 approaches

* Mobile banking for agent.

* Mobile banking for customers.

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Sustainability of Mobile Banking among the pyramid customers:

Initiatives to be seen to create a sustainable model are:

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* Robust Partnership:

o Using mobile phone as a channel for financial inclusion is definitely the way ahead due to the vast reach of the telcos irrespective of varied geographical locations and diversities

o A Telco-Business Correspondent alliance will go a long way in developing banking and financial solutions for the unbanked customer

o The private sector and government too needs to come ahead and support the Business Correspondents in their initiatives

o Once the market is tapped and the model of financial inclusion becomes scalable, all the stakeholders would benefit in the form of new revenue channels

* Innovative models:

o Since conventional modes of communication like a text sms do not work for base of the pyramid customers, newer modes of communication like voice alerts and IVR need to be looked at

o Since the customer already knows how to receive a call, receiving a voice alert on his mobile phone will be easier for him

o Further sending a voice alert in a regional language will be a value addition and help in building the trust of the customer

o IVR, being a self help channel, the customer can inquire/transact using his mobile phone/landline/PCO at his convenience

o The customer can choose to communicate in his preferred language while using the IVR solution

* Simple and Cost Effective Solution:

o Developing solutions for the base of the pyramid customers is no rocket science.

o The above information can be leveraged in developing a simple user experience for the end customer using mobile phone as a channel. Partnerships with educational institutions/research organizations can further enable organizations to strengthen their understanding of base of the pyramid customers

o Further it is important to understand that base of the pyramid customers do not have the ability to pay for expensive solutions, given the fact that they lead a hand to mouth existence. However they have a good savings habit, even thought the savings amount may be a meagre Rs.5/- to Rs10/-

* Training and Financial Literacy:

o Once it is known what works for the bottom of the pyramid customers a business correspondent can use its existing agent network to train the customer on the use of mobile technologies

o Financial literacy in terms of giving information about banking products and saving and investing can be carried out using voice technology and IVR, in addition to agent as a medium

Also, note that there always exists a financial need for the financially excluded customer, however difficult to match a banking product to address that need. This brings out the fact that more and more products tailor-made for financially excluded customer need to be in place. (For eg: No Frills savings account).

Best Banking In Asia With Dbs Bank

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Ranked as the largest bank in South-East Asia by assets, the DBS Bank was established in 1968 as the Development Bank of

Singapore Limited by the Government of Singapore. It started operations in India in 1994 through a representative office

in Mumbai, which became a formal bank branch in 1995. Currently, the bank operates all over the country through 12 branches

in major cities and headquarters in Mumbai.
The DBS Bank extends its end-to-end services to facilitate capital in rapidly developing Asian countries. It has customized

banking products available for consumer, corporate, SME and wholesale banking segments across Asia and Middle East. With

subsidiaries like DBS Treasures, DBS Private Bank, Institutional Banking, DBS Private Equity, Capital Markets, DBS Vicker

Securites and POSB, the DBS Group is a comprehensive financial service institute.
Under personal banking, the bank offers a variety of savings and deposit accounts, Debt and Equity management, private

equity consultancy, protection services like health insurance and general insurance, International DBS Bank Debit Card,

Internet Banking etc. Under Institutional Banking, the DBS Bank provides services like Cash Management, Trade Finance,

Credit Facilities, Treasury Services like currency derivatives, forex and bonds/ interest rate derivatives, Securities and

Fiduciary Services, Capital Markets, Electronic Banking Services (DBS IDEAL, integrated web-based cash management gateway),

International Banking and Advisory Services.
In a competitive market for global banking, the DBS Bank stays ahead of its competitors by providing best quality of

services to its customers. The bank makes arrangement to provide detailed information about the financial products and

services to each customer, and has a 24 hour Customer Service actively handling all customer queries. The bank also lists

all its policies and processes regarding banking functions and dealing with customers on its website, easily available to

every client who wishes to have such information. In case any customer is dissatisfied with the bank at any level, a complaint against DBS Bank can be registered with the DBS

Bank Customer Care. The complaint can be made online on the website, at any of the toll free helpline numbers listed on the

website, through email, or by contact the branch manager of the concerned branch.
All DBS Bank Complaints are handled under an elaborate Grievance Redressal Policy which aims at efficient and prompt reply

and resolution of all issues. The branch manager is responsible to provide appropriate solution to every complaint within

14 days or date of complaint. In case customer is not satisfied with the response, the complaint can be escalated to the

Nodal Officer, further to the Chief Executive Officer and General Manager, and still further to the banking ombudsman

appointed by the RBI. All details on procedure and requirements of registering complaints at every level are detailed on

the banks website.
With its transparent operations and customer-friendly policies, the DBS Bank has become a trusted name among Indian

customers. It has been recognized as Indias Best Foreign Bank by the Financial Express E & Y Survey 2010, and also as

Indias Best Small Bank 2010 by Business Today.

Impact Of Foreign Trade In Turkish Banking

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Corporate Finance: Corporate finance includes a array of areas like debt and equity capital, appropriate capital structures and mergers and acquisitions. Advisory services include sector specialists, who are backed up by several general service teams.

Research: Employees working with the research department provide clients with up-to-date reports on certain parts of interest. Analysts in the research department specialize in a specific business sector or area, thereby developing reports that could be safely distributed to clients. Besides having effective analytical abilities, good analysts working with your research department in gary silversmith executive action need to have effective communicative skills, power to think clearly and offer clear ideas with confidence for the clients.

After successful finishing from the internet banking enrollment process, you’ll be able to get a message welcoming that you M&T net banking and you will need to log on for your web banking account to receive the specified M&T online banking conditions and terms.

Investment banking is among best options for candidates who possess drive, confidence and stamina. It just isn’t meant to the feint of heart, as investment banking requires very a strong personality. Stamina and drive tend to be important, as financial services industry employee work long hours, especially when they need to deal with deadlines. Generally, the running hours of the employee in investment banking ranges between 60 to 70 hours. However, during busy times, working hours may extend from the weekend.

Syndication is really a vital necessity, with attributes like funding certainty, speedy execution, profound knowledge of capital markets, detailed and diligent analysis process. The execution power from the bank might be combined with the developer scheme of things, by working for the project development together. At all stages, transparency must be maintained inside real estate portfolio. Advisory service providers inside field of investment banking initiate and negotiate for joint ventures as well.

In say a simple ‘Market Update’ PowerPoint presentation going out to a client, each company profile (in the client’s competitors/suppliers/customers etc) may only be a one slide summary with a 3 sentence description, 5 numbers/multiples, recent news etc – this super succinct form takes place when say 5-15 competitors are being profiled at once in the basic presentation.

The reality is that this investment markets could possibly be troublesome for any person and many circumstances could lead in your success or failure. Even using the possibility that exists with failure, people carry on and pursue this dream about riches through the desire to locate financial stability and escape through the conventional working environment.

One of my most often asked questions is the place investment bankers decide who gets a deal following a day of interviews. Even if you did everything right, there is not any guarantee you’ll get an offer if your interviewers didn’t as if you.

Banking At The Doorstep The Business Correspondent (bc) Model

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Business Correspondent Model is very interesting .Let me start from the basics of BC. Business Correspondent (BC) is an intermediary between the customer and the bank and is a full-service outlet that does not provide as expansive a financial offering as mainstream banks do, but sell all their products (saving accounts, deposits, loans, remittances and insurance products).

FINO has proudly led the approach of making BC services available in India. When FINO began its journey in 2006, its envisaged role was to provide financial inclusion technology to regional entities like MFIs/LFIs. We had thought that these entities would provide a new dimension to the Indian banking system by acting as BCs for regulated financial entities. Surprisingly this did not happen due to myriad reasons, consequent of which FINO transformed its role from a technology provider to a BC – a type of branchless banking wherein the agents appointed by the BCs themselves reach out to the customers. We provide Banking at the Doorstep. When we talk about innovation, the BC model seems to be an innovation in itself.

Today FINO is the largest BC in India with over 5,000 physical points (Bandhus) all across the country. We have a presence at a lot of places

FINO realizes that Bandhus are a very critical part of the delivery chain and customer experience. Hence FINO invests aggressively in their training, insurance benefits and having a code of conduct for them to ensure lower risk and better customer experience.

An innovative technology highway has been laid out by FINO in this very short span of time which has improved the efficacy, coverage and reach of the BC model and financial inclusion in general, in the remotest nook and corners of India.