Monthly Archives: April 2014

Banking

The banking status in India

The global picture of Indian banking system is very lucrative.  India is the second most populated country in the world and because of the immense growth potential it has shown it has become the apple of the eye for the world now. Ever since the Narshima Committee introduced 1991 reforms of liberalization, globalization and privatization the world economies started getting attracted toward it as the economy had a market which showed immense possibilities.  It seems like with the robust increase in the Indian urban market they are now on the edge of saturation, so corporate have started exploiting the potential of rural markets as the country’s more than 60% population resides in Village.

On the domestic turf let us give a close view to the picture. The Indian Banking system is one which faces maximum number of consumer complaints. A survey conducted in Delhi highlighted the level of customer agitation from the banking services. The State Bank of India had received maximum complaint followed by ICICI bank & HDFC bank. While the later two being private the former holds the position of being the oldest and has 51% Government stake in it and is largest public sector bank in India. The total numbers of complaints received in the year were 10508 out of which 4500 cases were registered against these banks.

Public sector bank had 41% of consumer complaint against them while 36 per cent of the complaints were against private sector lenders and by foreign banks accounted to 15 per cent. The maximum complaints were received from Delhi region (including Noida and Ghaziabad) followed by Haryana.

The reports were revealed by banking ombudsman (disputes resolution machinery appointed by the RBI).  The 40% complaints could only be resolved by the scheme as many were not under the preview of the scheme.

The RBI has been taking several measures to check the service of banks. In 1995 it set up a body called as Banking Ombudsman to make available an economical and quick consumer forum for redressing complaints involving to insufficiency in customer service delivered by banks. Although the complaints received this year were slightly less than what it had received in the previous year but it is still a high volume an alarming/ this is because the services had not reach to rural sector were people are less educated and may not even be aware of the process of filing the complaints.

Credit rating agency Standard & Poor’s stated that even though the inflationary pressure in high and the banking sector is facing tremendous competition the growth of the sector will be gradually increasing to 20% for the next financial year. In addition it said that the agency said that India’s banking sector had battered the worldwide recession on the back of a dynamic economy, a steady retail deposit support and a practical regulatory setting. With such a high prospects there is an immediate need to increase the efficiency of banks and take effective actions to curb such deficiencies.

I am writing on consumer rights and other relevant topics related to consumer welfare. I am handling a consumer forum to get resolved consumer complaints.

Money

Foreign Money Exchange

When running a business, one thing that can be extremely beneficial is globalization and online business. By globalizing and making your presence established online, you can attract a huge base of potential customers and clients, rather than just the people who visit your store. Setting up your business online is a great way of generating more income, but may take more staff to keep up to speed. Ultimately in the grand scheme of things, the internet is a great way to expand because you can reach out to more clients and be of more service. When it comes to the internet, the idea of globalization is a big idea to process. Not only are you making your business available for more clients and customers, but your business may prosper in a foreign nation. One thing to consider when doing international business is that you will be dealing with countries that don’t use the same currency as you. For example, if you run a business in the United States, your currency is in dollars, while the business in Europe uses Euros. To do business, you must understand the Foreign Money Exchange. This is a ratio that is computed by factors such as how well that country’s economy is doing. In order to be most successful, one must understand the foreign money exchange rates and be able to do business when you can make the most on your country’s currency. The more your form of currency is worth than theirs will help you gain more for your goods and services provided, or pay less for what they have to offer.

There are several ways to transact these deals, but most often they are done through banks. This is the oldest form and that is why it is the most popular way used today for international business.

Banks will give you information about both currencies and the exchange rates, and will help you complete the deal. One bad thing with banks is that they have hidden fees and charges which isn’t good for business. Some banks have been reported to take up to 4% of your money in a hidden charge, which can be very substantial. To avoid this, business can be done through international payment specialists. Here a company will help process payments without hidden charges to speed up business and make it less costly. You may buy currency in a lump sum, purchase it a fixed rate and pay later, or watch the market to see when is desirable to purchase foreign money. These alternatives are very beneficial, and require just a little bit of work from your end. They are easy and can be just the trick to help your business be more successful and financially rewarding. For more information on foreign money exchange, please visit www.smartcurrencyexchange.com and get ready to save while building a more lucrative business.

 

They are easy and can be just the trick to help your business be more successful and financially rewarding. For more information on foreign money exchange, please visit www.smartcurrencyexchange.com and get ready to save while building a more lucrative business.

Finance

How To Write Finance Term Paper

This helpful and educative article will teach you the basic steps to write a finance term paper without facing any problems during the process. In order to learn how to write a finance term paper, you will first need to learn how to write term papers online. A finance term paper is written the same way as a regular term paper. The only difference is the inclusion of technical finance terminology and the use of pertinent analytical skills in the finance term paper while the structure remains the same.

Following are the guidelines for writing a remarkable finance term paper:

As the writer, you should know that a finance term paper is the same in structure as an ordinary term paper is. Make a draft of the finance term paper on the same lines with your own ideas, argument and references presented correspondingly.

Conduct your academic research in the same way as you would do for a regular term paper formats using all the important sources of information such as the internet, libraries, books, scholarly journals and articles as well as research works of other authors.

Be very explicit and confidently include basic finance terminology where it is relevant Do take care to provide explanations of the technical terms in the footnotes or in a separate section at the end of your finance term paper.

Include calculations (if required) while showing analyses or comparisons in your finance term paper.

Make a proper outline before writing your finance term paper. Ascertain where your ideas, arguments, evidence and references should be put in to develop an expressive and purposeful finance term paper.

Finally, it is also suggested that you present your objectives in bullets or numbers and put in your assertion for each of the objectives individually. This would enable you to write your finance term paper in quick time without any limitations and help in keeping uniformity in the ideas. And in the end; remember to accurately follow the required referencing format while writing your finance term paper.

Find more topics : health term paper

The author wish to thank the wonderful folks for their years of dedication and faith in all our work, and all the successful students who have used our site.

Contact us for information about all aspects of paper writing especially term papers online and academic writing.

Banking

Recruitment in the Banking Sector

As well all know, our lives have become dependent on banks to manage our monetary security. Banks not only secure our money but also provide us with loans to fulfill our dreams like building a home, or education loan for our child etc. There are also various insurance policies that secure the future of our loved ones. Due to modern technology, bank services have become computerized. ATMs have been a blessing for the people as it allows quick access to cash. Due to the growing importance of banks, the banking sector has faced immense growth and is one of the leading career options in not only India but the entire world. A bank job means a secure future and a healthy income. Today, there is a bank branch in every corner. However, this has also lead to a great need for efficient bank personnel in the various branches. These personnel are recruited by conducting bank exams. Bank exam question papers are very challenging, and ensure entry of the best candidates.
Banking sector is growing at a fast pace. What earlier was a body to keep money safe, today, dominates our lives. Rich or poor, male or female, adult or old, everybody is connected to the bank. They show their trust in the bank they are connected to and for this reason, it is very essential to choose the right candidates for the banks. These candidates should not only have textual knowledge but should also have a high general awareness level and good communication skills. They should be aware of the banking rules and regulations and be loyal individuals. These qualities are tested in the bank exams and interviews. The selection rate adopted by banks is very low and the recruitment procedure is very tough. The Bank exam question papers cover a large portion of general knowledge questions, to test the awareness level of the candidate.  Once, the exam is cleared, the interview session is equally challenging. Highly trained professionals are the evaluators in this round, and question the candidate on current affairs, their personal skills and interests, test their logical skills etc.
There is a new strategy introduced in the recruitment process. IBPS, one of the largest recruiters of the banking sector has introduced the CWE in 2011. This exam is conducted to appoint individuals for clerical posts and post of Bank PO. This will be a common exam which will recruit candidates for 19 public sector banks.

Thus, banking sector is a highly coveted career choice, but only a few dedicated individuals are recruited for the post of their choice. Candidates appear in strength of thousands, for the exam, and only a few are selected. However, those who are selected have secured their career for a lifetime.
 

If you want to be in the list of bank recruitment then download bank exam question papers and get download list of Ibps recruitment at jagranjosh.com

Finance

Term Papers On Finance

Serving the objective of maintaining customer satisfaction at all costs, the company has engraved a niche for themselves in the industry with absolute hard work and sincerity to achieve their goal. Having with us, a team of professional writers, who are adapted to write in any scheduled deadline that is given to them by our customers, we offer quality term papers in a cost effective price. For any term papers on finance, our company offers an online library where a wide variety of term paper is available on various topics for customers to choose from amongst them. This gives the exposure of topics and styles to the customers to make their final piece better and just as they want it to be.

Term paper writing is a compulsory task that is to be accomplished by all the students who are pursuing higher studies. But not all students feel that they are confident enough to write a term paper on their own, maintaining the right standard, style and format. Ream Papers is the right solution for all those who belong to the league of students who have been becoming perplexed just by the thought of having to write a term paper and being graded on it.

For writing a term paper, it is very well required to maintain a thorough systematic and a methodical approach towards writing. There are certain steps for term paper writing that need to be followed religiously for you to ensure a perfectly written paper. The basic steps that are to be followed for term paper writing are given below:

The first thing to do in writing a term paper is to select the right topic for your writing. A good topic is the first and the foremost thing that helps to attract the readers to a term paper.

Therefore the topic should always be challenging enough to create interest in both the student and the readers.

After you get done with selecting an attractive and well affective topic, information and data that is relevant to it is to be acquired from various sources that are available to you such as periodicals, magazines, news articles and any online websites that provide you with authentic information.

Arranging the paper according to the headings and sub headings is the third task to indulge in. The paper should be arranged according to the right layout that maintains the proper standard of your term paper writing.

The final step to complete your term paper is to ensure 100% authenticity as well as originality of the paper. Proper and careful proof reading needs to be done along with the final draft of writing to get rid of any spelling errors or mistakes that would not be ignored by your professor.

Always ready to give the best to their customers, Ream Papers consider each client to be equally valued and important on the basis of their trust on our writers. Customers are always provided with a variety of features and facilities to avail from. With a talented and experienced team of professional writers, we allow our clients to suggest their own choice of topic for their term custom writing.

Ream Term Papers provides custom term paper and research paper writing services.

Money

Leveraging Your Money

Want to get rich quick? One of the most powerful techniques for building wealth quickly is to use leveraging. In simple terms, leveraging can be thought of as using other people’s money as well as you own to increase your investing power. Perhaps the most common way of leveraging is to purchase an investment property by taking out a mortgage. Here is how it works. You have $ 20,000 to invest. Obviously, you can’t buy a house with $ 20,000 but you can use the $ 20,000 as a deposit on a house worth $ 200,000 and borrow the remaining $ 180,000 at an interest rate of, say 6%. Let’s say your investment property produces a gross return of 10% a year in rental income and capital gain – that’s a total of $ 20,000 – and you have expenses of interest, rates, insurance etc of $ 15,000 a year. Your net return is therefore $ 5,000, which is an annual return of 25% on the original $ 20,000 you invested!

The reason this works is quite simple – the return you achieve on your investment asset is higher than the cost of borrowing. So if it is that simple, why aren’t there more wealthy people? The reason is that leveraging is a double edged sword. It is not always possible to establish beforehand whether the return on your investment asset will be greater than the cost of borrowing. If it isn’t, then instead of magnifying your gains you will magnify your losses. Going back to our example, if the gross return on the investment property is 6% or $ 12,000 and expenses are $ 15,000, your will lose $ 3,000 or 15% of your original investment.

One of the advantages of leveraging is that if you borrow for the specific purpose of purchasing an income-producing asset, the interest cost is generally deductible against the income.

While it is widely known that this applies in the case of an investment property, it is not so commonly known that it also applies to other assets such as shares. For example, interest costs relating to a mortgage taken out on your home for the specific purpose of purchasing a share portfolio can be tax deductible. There are various forms of leveraged investments available. Endowment warrants and hedge funds are two examples which are increasing in popularity.

Leveraging is an investment strategy with potentially high returns but also high risk. Whether or not it is an appropriate strategy for you depends on your risk tolerance and your overall financial situation. The more certainty there is around the relationship between the investment return and the borrowing cost, the less the risk. Before you embark on a leveraged investment, you should estimate the likely returns under a number of different scenarios – best case, worst case and expected. That way, there will be no surprises.

Liz Koh is no ordinary financial planner. Sure, she can give you the best possible advice on how to manage your money and increase your wealth. But her mission is much broader. It’s to help you enjoy life – to the max! She is in demand from newspapers, magazines and websites, and has published a best selling book – Your Money Personality: Unlock the Secret to a Rich and Happy Life, Awa Press, 2008, available from http://www.awapress.com

Finance

About MSME Finance Services

MSME is also known as Micro Small and Medium Enterprise.  According to MSME development act of 2006, in India a micro enterprise or business where the investment in plant and machinery does not exceed more than 25 lakh rupees can render services. A small enterprise is an enterprise in which the investment in plant and machinery is more than 25 lakh but does not exceed 5 crore rupees. A medium enterprise is an enterprise where the investment in plant and machinery is more than 5 crore rupees but does not exceed more than 10 crore rupees.

MSME finance has many responsibilities and functions and one of its responsibilities is to cater to the funding requirements of micro, small and medium companies and enterprises. It is also responsible for developing products to help the MSME borrowers and clients in different segments. The products developed by MSME finance caters to the needs of all types of stakeholders (dealers, manufacturers and vendors).

The MSME finance sector faces competitive environment due to liberalization of the investment regime during the 1990s, favoring foreign direct investment (FDI) and domestic economic reforms. Under the current pattern of neo-liberalism, labor market rigidity is considered as a barrier to the overall growth of the economy and the formation of the World Trade Organization (WTO) in 1995, forcing its member-countries to significantly scale down quantitative and non-quantitative restrictions on imports is also considered as a barrier. The three historical models of corporate governance in India are – the business house model that emerged after Independence, the managing agency model in the colonial period and the Anglo-American model which has recently been adopted.

The main plan of the micro finance program is to work alongside with SIDBI by working and making a contribution in the security deposits which is needed from micro financial institutions or NGOs working as MFIs in order to obtain regular loans from SIDBI.  The PRF (portfolio risk fund) is a fund which is provided by the government of India to SIDBI to help it in its micro finance programs.

the PRF fund is used to meet the cost of the security deposit of  loans lend out by microfinance institutions or NGOs so that they can meet the cost of the credit  that they lose as a result of interest loss. SIDBI takes a fixed deposit amount which is equals to 10% of the loaned amount. One fourth of the fixed amount deposited is also given to the micro finance institutions to make up for their security deposit.

Please visit our website businessmantra.org for MSME finance and Entrepreneurship in India.

Money

Structured Settlement Money

Are you in possession of, or about to receive, structured settlement money from a personal injury claim or from a previous employer as worker’s compensation? Unless you have many kids who have good jobs and may help provide for your needs for the rest of your life, you may want to invest your structured settlement money far out into the future to help you grapple financially with needs or opportunities that present themselves in the future.

Your structured settlement money may very well serve as your retirement savings. If there is more than enough for your present needs and you are thinking of ways to guarantee a steady income stream in the future, you may want to consider investing in an annuity.

Having at hand a lawyer and choosing an ethical structured settlement buyer backed by many years of experience are very important. A knowledgeable financial services company will also be able to explain all of the laws you need to comply with in selling your structured settlement.

As for the annuity you are eyeing, you need to update your knowledge and evaluate which among the various forms is just right for you. If you opt for a fixed immediate annuity, you’ll get a regular income stream on a monthly basis. There are suitable ages to invest on an annuity, though. If you’re in your late 50s or 60s, that may be the best time to buy, as there will be no penalty in case you need to withdraw funds.

The main advantage people see in an annuity is the opportunity to accumulate tax-deferred income up until you begin making withdrawals once you retire. Aside from tax that comes with regular income, taking funds from your annuity before the age of 59-and-a-half years will require payment of a penalty fee of 10 percent federal income tax.

If you think a fixed annuity, which pays a guaranteed rate of return and can be immediate (or deferred) is right for you, discuss a suitable plan with a professional financial advisor.

Individuals who do not have that much wealth will do well not to put all their funds in one basket. Reserve some ready cash for medical care or emergency. If you’re in tiptop health, though, and in your 50s or 60s, an annuity makes a lot of sense, and can be a great choice for making money with your structured settlement.

For additional information on how to get cash for structured settlement and cash for settlement options, visit these great sites.

Finance

About Msme Finance Services

MSME is also known as Micro Small and Medium Enterprise. According to MSME development act of 2006, in India a micro enterprise or business where the investment in plant and machinery does not exceed more than 25 lakh rupees can render services. A small enterprise is an enterprise in which the investment in plant and machinery is more than 25 lakh but does not exceed 5 crore rupees. A medium enterprise is an enterprise where the investment in plant and machinery is more than 5 crore rupees but does not exceed more than 10 crore rupees.
MSME finance has many responsibilities and functions and one of its responsibilities is to cater to the funding requirements of micro, small and medium companies and enterprises. It is also responsible for developing products to help the MSME borrowers and clients in different segments. The products developed by MSME finance caters to the needs of all types of stakeholders (dealers, manufacturers and vendors).
The MSME finance sector faces competitive environment due to liberalization of the investment regime during the 1990s, favoring foreign direct investment (FDI) and domestic economic reforms. Under the current pattern of neo-liberalism, labor market rigidity is considered as a barrier to the overall growth of the economy and the formation of the World Trade Organization (WTO) in 1995, forcing its member-countries to significantly scale down quantitative and non-quantitative restrictions on imports is also considered as a barrier. The three historical models of corporate governance in India are – the business house model that emerged after Independence, the managing agency model in the colonial period and the Anglo-American model which has recently been adopted.
The main plan of the micro finance program is to work alongside with SIDBI by working and making a contribution in the security deposits which is needed from micro financial institutions or NGOs working as MFIs in order to obtain regular loans from SIDBI. The PRF (portfolio risk fund) is a fund which is provided by the government of India to SIDBI to help it in its micro finance programs. the PRF fund is used to meet the cost of the security deposit of loans lend out by microfinance institutions or NGOs so that they can meet the cost of the credit that they lose as a result of interest loss. SIDBI takes a fixed deposit amount which is equals to 10% of the loaned amount. One fourth of the fixed amount deposited is also given to the micro finance institutions to make up for their security deposit.

Please visit our website businessmantra.org for MSME finance and Entrepreneurship in India.

Finance

Finance jobs in Abu Dhabi

Abu Dhabi, the capital, is one of the biggest metropolis and the second largest city of UAE. Abu Dhabi is the home to many financial institutions and even has many important banks. The people of city have adopted the cosmopolitan culture and have achieved a lot. The relatively high income of the citizens of Abu Dhabi has contributed a lot towards the development of the city. The architecture and the infrastructure of the city are highly advanced and are in accordance to the global standards. Due to all these developments, the density of jobs in Abu Dhabi is also growing. People searching for jobs in Gulf, can end their search by winning over a flourishing career opportunity in Abu Dhabi.

Being the capital of UAE, the city has many cultural, commercial and political organisations, which adds to its attribute of being a job friendly city for foreigners. Of all the other career fields, jobs in the finance sector, has been growing very fast in Abu Dhabi. The city has significant financial institutions like the Central Bank of the United Arab Emirates, Abu Dhabi Securities Exchange, head offices of many important companies and Multi National Companies. All the important companies and MNC’s hire private agents or financial institutions to fulfil their finance jobs. To manage huge earnings of the people of Abu Dhabi and its investment require people, who are professionals in the field of finance which gives birth to more finance jobs in Abu Dhabi.

For the proper processing and development of a company or an organisation, its management requires finance professionals, who can handle the money well. There have always been the availability of petroleum and oil jobs in gulf, but because of the advancements, production of jobs in almost all fields is happening.

People of Abu Dhabi are not well prepared to tackle these jobs, due to which, professionals from outside gulf, are invited to serve the advancements of the country. Banks and other financial institutions are very important for a common man also. Any developing country heading towards a metropolitan culture requires its financial institutions to be strong and dependable. Therefore, Abu Dhabi being the centre of development has the majority of finance jobs for well trained and highly skilled candidates.

Few of the finance jobs in Abu Dhabi, which can searched by a candidate, are:

• Jobs in banking

• Job as a finance Planner

• Job as an Investment manager

• Job as Insurance Agents

• Jobs as a Financial Analyst

• Jobs as a Mutual Fund Analyst

• Jobs as an Accounts Manager

• Job as a Claims Adjuster

• Job as an Auditor

There are jobs available at junior, middle, senior, all levels, giving opportunities to candidates from all backgrounds. The candidates are required to have good qualification and valid experience for the post applied. A large number of foreigners can be seen applying for the jobs in Gulf, because of the attractive remunerations paid by the companies. Especially, employees working in the finance sectors are paid really well, attracting more applicants from abroad.

The candidates looking for jobs in Gulf, can search through various mediums to find a job in their dream destination. Internet and newspapers are the two most important sources, which are highly trusted and frequently used by the job seekers. The increasing demand of workforce from financial sector of Abu Dhabi has lead to the set up many financial educational institutions in Gulf. This would help in the utilisation of young talent for the country itself. Therefore, for now and the times to come, the jobs for finance sector in Gulf is sure to grow and add more opportunities for generations to come.

Gurleen Walia writes on behalf of NaukriGulf.com, a leading job portal for jobs in Gulf Region, Jobs in Abu Dhabi and jobs in Saudi Arabia, Middle East jobs. Info Edge foray into the Middle East is an endeavour to provide established client base with services that best meet their international requirements as well as expand our operations on to a global arena.