All posts tagged India

Banking jobs considered secure job during recession period

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If one becomes an investment banker, then one will always have to deal with money. The important criterions for investment banking jobs are managing money, investing money, and also trading money by means of bonds. With the proper training of business, one may find a position for oneself in this type of money market. For investment banking jobs one should search for bigger type of companies situated in financial capital of globe to seek one-s position in the reputed ones. Companies like Merrill Lynch and many other reputed names comprise this sector, those of which extends investment services for the big type clients like governments and multinational corporations.

One should concentrate one-s job searching endeavour for the investment banks of regional nature that conducts their business in the middle markets. One-s skills as the investment banker can be utilized in these types of jobs in a small degree, in the form of assisting investors individually and guiding small businesses advancing financially. One should contemplate for job searching for some boutique firms to work in favour of one if one has specialized type of interest like financial analysis or bond trading. These types of firms are smaller in type and extend very specialized nature of services so that one-s capability suits the job type precisely prior to one-s submitting of application. For being conversant with investment banking jobs, one should utilize published resources from reputed institutions of financial education like Harvard Business School for identifying firms in which one may like to work.

One of the main features of international banking jobs is Offshore Banking. In offshore banking clients are helped to perform financial transactions by means of bank accounts of corporate both confidentially and securely outside the country of incorporation or residence. If prepared in right manner, clients are benefitted legally from international banking of tax exemption. Offshore banking is secure, reliable and stable. In addition, an offshore bank account in Hong Kong and Singapore have good image. Clients contemplating offshore banking with corporate type of bank account become benefitted by way of adequate protection in case of instability.

India is being projected as the next economic superpower immediately after United States and China. India has always been major investment destinations from abroad and it has turned into most attractive market having high potential. Many multinational companies showed great interests for setting up their businesses in India because of multifarious opportunities. Presences of large number of industries ensure more employments for the job seekers at different sectors among which Banking industry is certainly a vital sector. For the last few decades, India is showing tremendous improvements in the perspective of its GDP growth and overall economic situations and for this reason Banking sectors have made great contributions to achieve this feat. Owing to this reason, scope for banking jobs in India has increased manifold.

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Banking Jobs in Delhi

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Delhi being the capital of the country, shares the major part of the financial sector of the country with King of Stock exchange market, Mumbai. The development and the growth of the country, is mostly in the hands of the people doing jobs in banking and finance sector, all over the world. The growth of the country is directly proportional to its monitory funds and the financial status of the country. Just like, in a house, if the finances are going well, the whole system is well managed, and simultaneously corresponds to a smooth livelihood.

Increase in population, larger people applying for jobs, expanding job market, and further increase in the finances of the organisations, has lead to a growth in banking Jobs in Delhi. If we see, there have a number of new banks and branches been opened in and around the city, in past few years, or we can say the banking sector has reached new heights in the recent times. Due to increasing demand of the jobs in banking sector, many people are applying for the same.

The two levels on which one can apply for Jobs in banks are clerical and officer level jobs. Selection and recruitment procedures for these jobs, vary according to the standards of the bank, whether its private, government, national or international. There are different examinations conducted for jobs in government banking sector. The biggest financial controller of the country Reserve Bank of India, which design the policies and norms for all the monetary firms in the country, conducts examination for three entry levels- Clerical level and Grade A and Grade B officers.

Also, an all India examination is taken for the post of class 1 officers, for which the requirements and qualifications vary according to national or international banks. These candidates are assessed on the basis of their mathematical, logical and analytical skills, through a written test examination, which is the first phase of entrance in the banking jobs, followed by subjective tests on English, grammar and communications skills, and last is the exam on social and economic problems in the country. An interview is organised for all those candidates, who clears the written examination, and assign the interview, which is the hardest nut to crack, the candidate gets eligible for the banking job.

Entry is what one looks for banking jobs, after which experience and performance helps the employee to grow in his job. Different positions in which one can do jobs in Banking are:

1.)Financial Managers

2.)Bank Tellers

3.)Bill and account collectors

4.)Loan officers

5.)Financial service representatives

6.)Clerks for accounting and book keeping

7.)Customer service

As discussed earlier, a number of banks and financial organisations have got open in the country which is responsible for its growth. Some of the banks in Delhi, in which one can try his luck, are:

1.)State Bank of India 2.)Punjab national bank 3.)HDFC Bank 4.)Central bank of India 5.)Bank of Baroda 6.)ICICI Bank 7.)Bank of India 8.)Canara Bank 9.)Syndicate Bank 10.) HSBC Bank 11.) UCO Bank 12.) Allahabad Bank

These are few of the job destinations; one can try, after he is through with his educational qualifications in the commerce and maths. Also, a masters degree in management is given preference in banking jobs, due to the fact that a lot of managerial role is involved in the job profile. Some of the qualities one must instil before applying for a job in banking sector are:

1.)An ability to maintain the records and account details. 2.)Capability to learn and grasp new things every time. 3.)An eye for the latest up gradations and policies made in the banking and finance sector. 4.)Team leader and ability to motivate and encourage his team members to perform well. 5.)An analytical and logical approach towards matters.

Keeping all these points in mind, one can prove to perform quite well in his job responsibilities in the banking sector.

Gurleen writes on behalf of Naukri.com, the no.1 job portal in India.She writes on topics like Banking Jobs, relieving job stress and increasing work concentration. Naukri.com is a recruitment platform & provides products and services.

Modern Trend of Banking Through Mobile Application Development

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The technology of internet banking gave customer’s anytime access to their banks. Customer’s could check out their account details, get their bank statements, perform transactions like transferring money to other accounts and pay their bills sitting comfortably in their homes and offices.

However the biggest limitation of Internet banking was the requirement of a PC with an Internet connection, not a huge difficulty if we look at the US and the European countries, but definitely a big barrier if we consider most of the developing countries of Asia like China and India. Mobile banking addresses this basic limitation of Internet Banking, as it reduces the customer requirement to just a mobile phone.

Initially the web development companies focused on the mobile games. It took some period for developing mobile applications for the banks. Most of the people with the internet connection on their desktop PC and laptops had got used to operate the accounts from their homes or offices. Now that the banks have started offering services with the help of web development India, the accounts can be handled from the smartphones.

In earlier days websites were designed to be compatible with the browsers and the hardware features of the desk top PC and lap tops. The screen of the monitor is much larger than that of the mobile phone. The resolution also differs. When the website cannot be displayed properly on the screen of the mobile phone, the person seeing it will not be interested in that website and never going to buy anything through that website. This is the reason why web application development services need to be availed and get the website designed in such a way that is correctly displayed on the screen of the monitor. The image resolution also needs to be higher.

Online banking is one such group that is fast finding its way in mobile devices. The applications accessible today for the banking sector are quite sophisticated. While some offer the same features as that are available for online banking, other applications are aiming to offer increased functionality.

Even with the potentially high cost of mobile banking application development, banks across the world are conscious that flexibility and convenience are what customers want, and they are responding with a variety of options for banking. Mobile banking is perhaps the most widely available of these choices.

Mobile banking has become really popular owing to the benefits that it offers its customers. You can access your account, pay bills, and make cash transfers through cell phone banking. It offers many benefits over internet banking and banking in person. With the extensive range of mobile connectivity, mobile banking through cell phone can be accessed by anyone.

The challenge for developers focusing on mobile banking applications is to address the security concerns, as these concerns are limiting mobile banking development. If mobile applications for the banking sector are made hazard free and the security concerns are sufficiently addressed then, it can bring about a foremost change in the way we bank.

Mobile banking is used to perform bank transactions through mobile phones

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For all those who have relied on banks may use the services and for those who have not an account should be encouraged to create a new account and take advantage of this service. It is indeed a technology that will allow customers that dependence on the banks will decrease.

Mobile banking can be accessed by mobile and people can use to their advantage and they do not have to be physically present in the banks to check the account balance. Mobile banking has made life much easier and it is a program that is used by the younger generation much more, but if you’re Middle-aged or senior person, you can definitely benefit because it is really easy.

On all banks which are available in India, we see that SBI is a bank that has always taken care of its customers. It offers easy to use models and methods that have helped attract people to the bank. If you are thinking what is the new offer from the bank to the client, you’ll be pleased to know that mobile banking SBI is now a reality. People can now access their accounts through SBI their cell phones. But before that they need to subscribe to the process and then the whole issue will be supported. This is a special application which must be activated by the same banks and if you can do then you will be able to access your account from your cell phone. SBI mobile banking system has been introduced to help people access their bank accounts via their cell phones, and if you look at the records, we see that among the number of people using this technology are the highest youth.

With the advent of time, we see that there are various gradations of latest technology and life has become much easier. The banking sector has benefited immensely from the technology of mobile banking. This is a new technology that has been done to make life easier for people and make work easier and faster official. The tech freak people can now breathe easy as it has made life much easier for people. Mobile banking technology allows a person to work with his cell phone and can also be very checking account balance. The official work can be done by the Internet itself and there is absolutely no need to be present at the bank for all official proceedings. The Internet banking has made life a lot easier than it helps people to access bank account sitting at home.

If you look at the number of people using the Internet in today’s world, we see that the number is indeed massive and people use it either for their personal use or for personal gain. The Internet has now given new impetus to life and helped improve people’s lives. In banking Internet has had a huge impact and people are using the environment to ensure that the entire transaction process is completed very quickly. Mobile banking is the new age technology that allows a person with a bank account to access the account from mobile phones. Mobile Banking Software is used by people to access the account. This has indeed helped the people by a huge margin, because they can now have access to telephones as early as possible.

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Career Leads of Banking Tasks in India

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The functions of the bank and one of the most sought after jobs in India. Good wages and benefits package supplements, and job security, as well as the scope is very good for the growth are the main reasons for a large number of young Indians began to gravitate to this lucrative career. Despite a career in the banking sector can appear to be intended for graduates of trade or finance, but does not apply in the modern era. At present, banks provide equal opportunities for all graduates of the streams.

India is one of the fastest growing economies in the world with a growth rate of 8-10% per year. This has resulted in economic growth in the various career opportunities in public sector banks, private banks and multinational banks based in India. Today, we can note that the banks in real estate loans, consumer loans, investment funds, credit cards and business activities of foreign exchange. Each bank has been growing rapidly in India with a huge 30-40% growth in the year and all of them centrally organized by the Reserve Bank of India (RBI). As a result of a decade of the Reserve Bank to all banks and financial institutions in India including public sector banks and private sectors alike are not only highly profitable but also very stable.

These factors have led also to the stability of a large bank in jobs as well as high demand for banking professionals. Banks are looking for professionals having good communication skills, analysis skills, project loans, and skill of management along with good computer literacy. Public sector banks conduct recruitment drives in the form of a written test and interviews at all levels of India. If you look at any of the advertising campaign to recruit any nationalized bank, you can see that there are opportunities for students to pass 12TH with some computer knowledge at the level of the clergy. There is also a general banking (probation officers) and the function of any graduates and administrative functions, especially in the field of information technology, finance and law practices and operational functions of marketing, preferably an MBA in marketing. Even if someone joins at junior level (the clergy) can last up to senior positions with experience and education in promoting rehabilitation. Public sector banks to pay around Rs.6000 / – to Rs.8000 / – per month basic salary at junior level and Rs.25, / 000 – to Rs.30, 000 / – at a high level.

Earlier banks used to transfer training to aspiring professionals through the institution called the National School of Banking. Used to prepare students for exams at the national level banks. Now, days later, runs the same work by the Institute of Banking staff selection. You can visit ibps.in for more details. Also can be sites like bankbpo.in help prepare for exams, as well as interviews. Solution leaves the question of past examination questions and an interview published by the candidates themselves large are very helpful in addressing the success of the recruitment process.

Examinations of banking in India is usually in stock – 1. The ability to think, 2. Arithmetic and tests digital, 3. General knowledge and 4. English knowledge. Apart from this common stock, depending on the nature of this task, you can insert additional sheets of computer knowledge, finance and law. A major factor in the success of these exams is time management. It is expected that about 225 questions to be solved in about 150 minutes. It is important to divide your time equally to all subjects and not to waste time reading the questions as in the traditional examination papers. Fast decision-making process is one of the key factors and the applicant needs to make a decision immediately on whether to try to resolve the issue, and should also be questions very quickly without spending a lot of time on a particular issue. Short listed students high marks on an equal footing in all subjects on the basis of merit.

So, the career prospects in the banking sector in India in a stable condition, as well as profitable and every candidate must be well prepared for exams in the appointment and functions of the bank.

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