Category Archives: Banking

Banking

Common Written Exam in 2011- New Method of Recruitment in Banking Sector

Common written exam is a new introduction to the recruitment procedure. It will be conducted in 2011, for recruitment of Bank PO and Clerical posts. After scrutinizing the problems related to recruitment for many years, IBPS finally got the mandate to conduct these exams for the two most coveted jobs offered by the banking sector. 19 public sector banks decided to participate in this new endeavor.
Institute of Banking Personnel has been a successful recruiter of the banking sector since many years now. It has carried out much successful recruitment. It not merely confines to recruitments, it also holds promotions based on the performance. It aims at giving fair chance to the candidates who deserve it and are ready to face more challenges and responsibilities. It also conducts many training programmes which train the candidates by polishing their skills, and enhancing their talent. Such programmes have made, IBPS one of the most preferred choices of people, when it comes to recruitments. Today, most of the public sector recruitments are carried out by IBPS which believes in high quality recruitment. It has its network spread throughout India, where much recruitment can be done simultaneously; such is the efficiency of its members. It consists of large team of trained professionals who prepare a high standard exam question paper. The question paper designed by them ensures the entry of only the most intelligent and prepared candidate, into the interview round.
The recent endeavor of IBPS is the CWE. It refers to a common test which would be conducted for recruitment into the posts of Bank PO and Bank Clerk. The exam would be conducted in 2011. After deeply studying the problems faced during recruitment, IBPS managed to gain mandate from the Managing Committee of Indian Bank’s Association (IBA) which approved of its viable solutions to solve the prevailing problems. After much discussion and debate it was proved that CWE is a time and money saving procedure which should be enacted as soon as possible.
Therefore, in 2011, CWE would be conducted. This type of recruitment facility is new in India and is usually followed abroad. It has been introduced for the two most sought after posts offered by banks, bank po and bank clerk. It will also be a golden opportunity for all those candidates who lost earlier chances due to lack of seats. Now, due to large scale recruitment, more hidden talents would come to limelight and many people would get the chance to exhibit their skills and capabilities.

 

If you are preparing for ibps exam 2011 , need tips for CWE for Bank PO and cwe for bank clerk then visit jagranjosh.com

Banking

HSBC India: Internet Banking for Busy People

 

Named the world’s local bank, HSBC, is a leader in banking and financial services which offers four major lines of business: private, commercial, investment and retail banking. Additionally, it comes with a selection of financial services like credit cards/debit, personal loans, investments and so on. As indicated by Forbes Magazine, HSBC is the second-largest public company when considering composite measures as of 2011. It has got approximately 7,500 offices in 87 countries including India.

HSBC’s history in India can be dated back to 1853 when the Mercantile Bank of India was established in Mumbai. The bank keeps growing since that time and remains dedicated to maximizing services to keep up with the modernization of the banking and financial industry and evolving needs of its clients. HSBC India offers a comprehensive variety of products and services to its corporate and commercial banking clients along with its growing personal banking customers.

HSBC India enables its clients to conveniently carry out banking transactions through its Internet Banking. This service option allows the customer to do such transactions like bill payments, money transfer, monitoring the most recent bank activities and the like without personally showing up in the branch, instead, these are made through a secured portal provided by HSBC India to cater to its growing number of clients with diverse preferences. Internet Banking is a wise decision for people who are always on the go and doesn’t have sufficient time to visit the bank within the regular business hours. This gives them the freedom to deal with their account at their desired time since Internet Banking is available 24/7 just with the use of their Internet-enabled computer.

To log on to HSBC India Internet Banking, you may use either your Personal Banking Number or Phone Banking Number to start your account. Your ATM/Debit Card/Credit Card Number and PIN may also be used so you can be able to register online. You should have activated these numbers by using it at an HSBC ATM at least once. If you have a few of these numbers, you can just select any one to use that will also serve as your chosen mode of registration. You will then be asked to enter necessary bank information like your card number and PIN, desired username and password and security questions. After accepting the terms and conditions, you will be asked to enter your account preference and to confirm your registration. Security should not come at the expense of convenience. HSBC utilizes a range of methods to protect your financial information and ensure it is kept safe and secure.

In today’s demanding world, more and more people need immediate banking solutions for a better lifestyle. That is the reason why internet banking is so in-demand currently. Thanks to companies like HSBC that continues to be committed to providing a fast, easy and hassle-free transactions. Banking has never been this comfortable.

 

Banking

What is Beneficial with Banking Sector Free Tenders?

Free Tenders are applications presented by any company to get progressive response from the suppliers to attain the constraints of company. These tenders are very helpful in launching firsthand businesses and everyone having business in the same field as that of the tender can fill them. Several banks offer time-to-time tenders like various services are accessible through IDBI bank tenders and Indian bank tenders. Generally tenders have no fixed format but they do include fields like date, place, timeline, name of the organization, ref. number, tender type, announcement date, last date of submission, report and pre-qualification terms. But, if you are a novice tenderer then it is advised to have a referring assistance from a qualified person in the field. The rivalry companies participating in these tendering are high in the competition, thus it becomes a tough task filling a winning tender.

Media sources have provided useful participation in spreading tender notices to tenderers fast and easy. Whether online or offline, every tender is published as soon as it is tendered by any company. Online tendering is more preferred over offline tendering as it reduces cost and corruption of tendering proposals. Every tender on these web portals have detailed information and all amenities to be done. Searching for an architectural and constructional IDBI bank tenders, you can easily find them on these sites. These banking sector tenders are very helpful in establishing market values for your company. As there are so many competitors filling these types of tender, so offer what is best as per the nature of the tender issued.

Doing routine checkups about the Free tenders can help you in knowing the nature of tender as well as provides guidance for offering exact proposal. Fundamental requirements that is obligatory to be fulfilled before applying for any tender:

1.Always be prepared with the proper documents for submission before the proposal is offered. This helps in reducing the time spent for applying a tender, which is beneficial while applying for Indian bank tenders.

2.Highlight your previous qualitative work in your documents that you have been offered and also how you achieved it with exact cost of completion.

3. Do mention only those points that are beneficial to the company. The tenders must keep the reviewers interested while reading it and this can only be done by offering them services as per their business.

4. Overstating your capabilities may result in delay of project, which can cost you in loss of tender. So always take works as per your capability emphasized with exact time and money to be spent.
 

To check out tenders IDBI bank tenders and Indian bank tenders for more details visit Free tenders website.

Banking

WAP Billing: An Important Mobile Banking Application

WAP which is the abbreviated form of Wireless Application protocol, is an international standard. It allows mobile tools like smartphones, iPhones and laptops to acquire internet connection while becoming compatible with big network bearers. The ability to authorize transactions allows WAP to supersede the recent implementation of mobile banking applications through 2 way messaging (SMS).

WML (Wireless Markup Language), is a variation of HTML that is used for making applications for wireless devices through open platforms, and is used for WAP billing as well. During a normal WAP billing procedure, packets carrying data, from wireless devices use the wireless network configured according to the WML settings to travel to a WAP gateway. Certain parts of data that are crucial are rearranged and then shifted to a server that can handle HTML. server, in route to a wireless device.

The WAP solutions described are generally in two parts: 1) a WAP server that distributes information and applications and 2) a WAP gateway controlling access. operators. Presently, banks are going for a closed model for WAP banking implementations, and servers are able to stay on the main site of the network. This allows banks to release control of their information and provide access to mobile banking applications and operators. However, there is a security glitch in the closed model which happens because of unencrypted data at the server that undermines the security. Conversely an open model has the gateway and server situated within the secure environment of the bank and it can deal with such issues. However, it is a lot cheaper to install closed models, and they provide fast marketing as well.

You have to realize the fact that more usually than not it is the customers who have to manage their banking requirements. These include going to an ATM, making a deposit or transfer, or calling a call center for those dreadful customer service automatic systems. You are supposed to take the initiative in these areas of banking. Managing your bank account can never be simple, and entails a lot of labor. But, if we take benefit of the fact that there are more than four times the amount phones (smartphones, iphones, etc) as PC’s in circulation today, our life could be less troublesome. Mobile banking applications and WAP billing is being used by major banks around the world. Because of this, banking has become a lot more secure convenient and trouble free.

WAP billing is often a latest road to provide for goods. Mobile banking applications turned out to be more popular on earth. Involving our world-wide-web has already extra info.

Banking

Separation of Retail and Investment Banking Causes Separation in Coalition

The interim report by the Independent Commission on Banking (ICB), which was released in April, recommended a separation of retail and investment banking; this meant that if there was ever an economic crisis caused by the losses incurred by investment bankers, the accounts of millions of ordinary customers would be protected. The ICB was set up to ensure that the state never again bails out a failing bank. The full report is due to be published on September 12th.

Ideological divisions

To begin with the Liberal Democrats called for a complete separation of retail and investment banking; this would mean the break-up of the big British banks. Chancellor George Osborn, supported by the Prime minister, prefers the subsidised model known as ring-fencing; this would mean regulations protecting the retail side from investment losses but would not lead to the break-up of the banks. This obviously is the banks’ preferred option.

Although the Lib Dems have acquiesced and are now supporting the ring-fencing proposal, they want it to be put in place immediately, writing it into the Financial Services Bill which is presently before Parliament. Mr Osborne and Mr Cameron are recommending that the regulations ease through incrementally over the next few years, something the banks have been lobbying for. Their view is that with what’s been happening in the Eurozone, bank regulation could cause economic growth to falter. Angela Knight, chief executive of The British Bankers’ Association called this week for changes in the industry to be delayed until the economic recovery is underway; imposing the measures on lenders risked denting confidence and cutting the supply of credit to the economy.

Don’t panic

At a time when taxpayers are giving around £10 billion per year to the banks, Business Secretary Vince Cable, in an interview with The Times, accused the banks of using the economic crisis in Europe as a bargaining chip to force a delay of any kind of reform of the financial sector, and in particular investment banking; the Business Secretary said, “It is disingenuous in the extreme to use the current context to argue against reform. Banks are in a way trying to create a panic around something which they know has got to happen. We can’t have big global banks with balance sheets bigger than British GDP underwritten by the taxpayer; this can’t go on and it has got to be dealt with.”

The fear for British banks is that too much regulation will stifle economic growth and restrictions on earnings will drive top investment bankers out of Europe to pastures new in the US or Asian banks, with Wall Street on a recruitment drive for the first time since 2008. Yet there is no fear of likely candidates being put off a career in investment banking as finance is still attractive for those wanting to earn big rewards.

 

Zero-One Design ltd

Banking

No More Waiting in Line: Banking on the Internet

Even those who first viewed banking on the internet with trepidation have become fans. The convenience can’t be beat, and concerns about security have been shown to have been overstated. Banks, and web developers, haven’t failed to notice and are working to bring new functionality to the technologically equipped public.

24-hour access is much of the appeal of online banking. Privacy is another. Even loans, mortgages, and other credit dealings – traditional face-to-face matters – can be managed via the internet.

With new applications for mobile phones, banks can offer even more services to their current customers, as well as attract new ones. It is now possible to deposit a paper check by simply taking a picture of it and sending it electronically. The ability to transfer money between accounts, even at different banks, and to send money directly to another person without using a third-party are other popular uses.

Gas stations and some merchants have introduced applications of their own which allow their customers to make purchases just by waving their phone in the direction of the register. The speed and convenience of this type of transaction for both consumer and retailer has made it wildly popular. You can expect to see many more such applications appear, especially those that are not restricted to a specific vendor. Imagine never having to carry a wallet again.

Banking on the internet was once considered by many to be too great a security risk. People today are more savvy about identifying scams and more trusting of their bank’s dedication to keeping their sensitive information secure. Regulations do exist to protect data, and all financial institutions are required to follow them. The advent of mobile banking may lead to some further enhancements to a system that already performs well. True digital signatures have never successfully been implemented for computer users, but smartphones have the capability to create a genuinely unique identifier that is more difficult to fake than even a handwritten signature. Also, when a phone is turned off, so is the app, so there is no way at all for a hacker to find a way in.

Digital information transfer is the future of banking, and it’s already here. While brick-and-mortar banks may never go away, they are becoming less necessary for basic transactions. As institutions take advantage of their customers’ dependence on technology, more options are opening up every day.

Furthermore, the smartphone has great potential for enabling the user to integrate all his or her financial data from multiple sources into a single, user-friendly application. Some of them already exist, and many more will be introduced in the next few years, as their developers finish testing them.

 

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Banking

Smartphones and the New Frontier of Mobile Banking and Money Transfer

M-Banking, short for mobile banking, may be the hot new tech catchphrase, but it is more than just a clever term. It’s a real advance in the way that routine financial dealings are carried out. From the purchase of a cup of coffee to refinancing a mortgage, its full potential is just beginning to be explored.

Online banking was once viewed with suspicion as a security risk, but in a few short years it became established as the new standard for account management and basic transactions. Today, almost everyone takes advantage of the convenience to some extent. Now, smartphone technology is at the forefront of a new direction for banking across the internet. The combination of image capture, internet access, SMS capabilities, and GPS positioning in a single object that slips into a pocket make for powerful potential

Financial institutions know this, and have, accordingly, stepped earnestly into the arena of applications, fondly called apps, for mobile banking. The popularity of these apps doesn’t come as a surprise. No one ever looked forward to standing in line at the bank, or gathering pages of data from four different institutions in order to apply for a loan. These activities, and more, can now be performed with a few clicks, swipes, or shakes.

Checking balances and paying bills can be done from anywhere, and instant money transfer between accounts is as easy as sending an email or text. You can even send money to a friend using this method, without the transaction fees of third-party agents. Some banks even allow the deposit of a check with just a photograph, so you no longer need to fill out a deposit slip and drive to the branch.

Some merchants have developed their own applications which allow customers to make purchases by simply waving their enabled phones in the vicinity of the cash register. A pre-loaded virtual debit card is the funding source for most of these transactions. The popularity of these programs has stimulated an industry drive to compete.

Looming in the future is a broader mobile shopping experience. Already in the testing phase are applications designed by web giants which are intended to act as a virtual wallet, replacing the use of credit cards. These applications will enable consumers to buy things at multiple retailers using a single mobile application. They are expected to roll out across the United States in the next eighteen months.

Within a few short years, anything that you used to have to go to a financial institution to accomplish will be able to be done with a few shakes of your smartphone. And that’s a good thing.

 

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Banking

Banking Services Qatar Financial Institutions Could Boast Of

In as far as innovation and creativity in banking services, Qatar financial institutions are not far behind their western counterparts. Similar to the banking products and services offered by international banking facilities, local Qatar banks are also able to provide their customers with banking solutions that more than adequately address their needs – most banks in Qatar, including one of the newest Islamic Banks Barwa Bank, aim to exceed their customers’ expectations in terms of product innovation and service delivery.  

Unlike conventional banks, however, the product and service offerings of Islamic banks should be Shari’ah compliant or structured in accordance with Islamic laws and economic principles. Islamic banking customers should have the assurance that their banks are handling their money in accordance with such laws and principles, and thus choose to do their banking transactions with institutions with Islamically acceptable practices that include ethical investing.  

There are a number of financial institutions in Qatar offering 100% Shari’ah compliant banking services. Qatar’s Barwa Bank is one of the newest banking institutions that offer a range of retail and commercial banking products that are compliant with Shari’ah laws. These innovative products and unparalleled banking services are delivered through a branch distribution channel staffed with service-oriented personnel and supported by a network of off-site facilities.  

Shari’ah compliant savings and checking accounts in Qatari Riyal or US Dollar currency are offered by Barwa Bank to its customers with added banking services to include unlimited withdrawals, free statements, electronic banking access, and monthly profit payments. On the other hand, those who wish to enjoy attractive profit rates on the car or home financing could apply for Barwa Bank’s quick and easy car or home loans with low processing fees and absolutely no hidden costs.  

Availing of high quality and unparalleled banking services need not be constrained by restrictions and economic principles as governed by Islamic laws. Even with banking products and services that are Shari’ah compliant, banks like Barwa Bank are able to provide their customers with the kind of banking products and services they deserve. To take advantage of the attractive benefits these products and services could provide without straying from Shari’ah, banking customers could simply visit any one of the Barwa Bank’s branches or call their 24/7 customer service hotline. Prestige Banking customers of this Islamic banking facility will also enjoy the services of a prestige relationship manager to assist in all aspects of their financial transactions. For anytime, anywhere access to banking services, Qatar’s Barwa Bank also has an online banking facility that banking customers can log on to anywhere there is internet connection.

If you are interested in banking in Qatar then Barwa Bank could be the right banking choice for you. They offer high quality business banking in Qatar.

Banking

Umbilical cord blood banking lessons for those parenting for the first time

All parents want their child to be healthy and happy for life time. During the birth of a child, parents make a promise to the baby and to themselves to take very good care of their baby. They try everything that can increase the life expectancy of the baby. Nowadays, parents are being provided with a large number of options that can ensure their child a safe and healthy future. It is umbilical cord storage of the infant. The stem cells found in the cord blood have been found to cure numerous life threatening diseases. Where in the past the survival rate of diseases like childhood leukemia was very low, it has increased in the now.

Cord blood is found in the umbilical cord which contains life saving stem cells. The cells possess genetic information for several organs, immune system, nervous and even blood. This means these cells generate new organs and thus help to cure the disease. Bone marrow transplant is a term with which people are very familiar. However, in many stem cell researches it was found that stem cells present in cord blood are able to treat all those diseases that had been cured by bone marrow. The reason that made it necessary to shift to some other alternative from bone marrow was the difficulty in finding exact bone marrow match of donor.

There are several advantages of umbilical cord blood banking during the birth of child over bone marrow. As explained earlier, the first one is low compatibility of bone marrow cells of the donor and low success rate. Bone marrow has always been painful for the recipient and donor and in some cases dangerous also. The cord stem cells show a perfect genetic match to the child rather than bone marrow. The rising popularity of the cord blood banking process can be determined from the fact that a large number of groups have established facilities for storage, research and also treatment of chronic diseases. Parents need to contact them before heading to the hospitals

One does not need to worry about the cord blood banking cost as they have started various programs for the parents. Every company has different payment options and baby registry gifting system. This system invites multiple people to contribute for the cost. You can ask for the doctor’s recommendation to make a choice. Cord blood banking has been used by thousands families till now. One should contact a cord blood storage group to donate cord blood of their child. Usually cord blood is discarded after birth.

A single donation can help scientists in doing further research and help several people through discovery of further treatments. Till now treatments for about eighty different types of diseases have been discovered and is still in process. The research is being carried out for Alzheimer’s diseases, Lou Gehrig’s disorder, diabetes, also for brain and injuries to the spinal cord. This is how cord blood is benefiting many families. So, every individual should consider the option of safeguarding their family by donation of cord blood during delivery. Single donation today will insure a healthy future of your baby and of the entire family.

This article is written by Jackson daren this is having topics on umbilical cord storage, umbilical cord blood banking, cord blood banking cost and many more. For more: http://cryocell.blog.com/

Banking

Why to Choose Banking Job in UK?

Banking jobs are considered as one of the most respected job around the world. Not only the pay is high but also the work is decent and lots of responsibility is involved in it. UK is the most important place of Europe and most of the big European countries have their headquarters located in Europe. In such a scenario the financial sector of Europe is quite strong.

London is considered as the banking hub of world, so obviously there is a huge demand of Banking Jobs In Uk.
The stock exchange of London plays a major role in the European economy and that is why banks play a major role here. All the transactions are done through banks and non banking financial institutions and as London is the capital of banking there is a major demand for banking professionals here.

If you are a well educated person who is thinking of shifting his base to London and is worried about the job to choose you can definitely go for a banking job. Banking jobs range from front office to back office and transaction oriented job. At the same time there is huge demand for investment bankers. As I said that the stock market plays a major role here, many company owners tend to invest money in the capital market and gain from it.

 Investment bankers are those who help them decide the stock on which they should invest. This job is full of responsibility and is not easy. The investment bankers not only need to calculate well but also need to speculate well and that is why this job is paid so much.

In the recession that took place recently investment bankers were the worst looser but now as the world economy is coming back to normal this job holds a high potential. So if you are an investment banker you can choose a banking job in UK.

For more information on Banking Jobs In Uk, check out the info available online; these will help you learn to find the banking job in UK!