Category Archives: Banking

Banking

Learn How Investment Banking Helps You Manage Your Investment Portfolio

When you have a certain level of wealth, you really need a professional who understands your unique needs and offers customized advice accordingly. If you are also on the lookout for something similar, you may want to use some services offered in private banking.

Private banking is actually a combination of different high quality services. For instance, a private bank can offer investment advice. They make use of different methods to manage your investments and finances in a much better way. They sometimes make use of discretionary management and sometimes help you with advisory mandates. Whatever the method, they always offer regular reports to help you get information about the current value of your investment.

Today, financial markets fluctuate on a great speed. It is due to this particular reason that you need to react to the situation almost immediately, or else you will lose a lot. You can expect great success by making use of the services like discretionary asset management. Here, your personal relationship manager sits down with you and determines your specific investment goals and expectations. While doing so, they always consider your investment horizon, risk tolerance, anticipated cash flows, and income needs. Once done, an investment strategy is defined for you, which is often adjusted according to the ever-changing marketing conditions. Usually, the investors who opt for this type of service come with long term investment point-of-view and ask a banker to take care of their investment portfolio.

On the other hand, you can find some people who prefer to make their decisions on their own. For these clients, a private banker comes up with active advisory services. When you have fixed objectives, you can make use of some private banking to get tailor-made solutions. These advisory services are usually available for a variety of instruments, including bonds, equities, commodities, investment funds, foreign exchange, and structured products. Here, you are free to make your own investment decisions, but your banker provides you with all essential details and info. Since several private banks manage teams of professionals all over the world, they let you know when they think the time is right to buy, sell, or hold.

What sets a private banker apart from others is that they always keep your personal and professional situation in mind. This puts them in the best position to find a right strategy to help you manage your portfolio. Not only this, some of these institutions can actually help you with private financing, which is much better than mainstream finance options.

The fact of the matter is that private banking is something much more than traditional banking services. It’s all about getting services that are exclusively designed keeping your unique circumstances in mind. It doesn’t matter if you have short-term investment goals or you need to manage your portfolio over a longer period of time, you can always get in touch with a private banker to find out more about the best strategies for yourself.

Alfredo Piacentini the co founder of Banque SYZ &CO is a well known private funds manager. Learn more about private banking and alfredo piacentini banchiere today at our website.

Banking

Automated Teller Machines that revolutionized the field of banking

There is no doubt that the Automated Teller Machines have become a part of our life. The ATM machines remove the requirement of bank authorities for providing money to the customers. These machines are quite simple and easy to operate, the banks provide a card to its customers for carrying out transactions through ATM. This card has a PIN card number on it which is very much important. This PIN card number is known only to the owner of the ATM card. Since these ATM machines are connected with the field of money so there are chances of robbery and thefts associated with these machines. It has been noticed that most of the robberies take place during the early morning hours or during the late evening hours.

 

In order to maintain greater levels of security one should keep on changing their PIN card numbers after a fixed period of time. The ATM Machine asks the customers to provide these PIN card numbers before carrying out their transaction. The users of the ATM should also preserve their receipts that they get after doing transactions on these ATM’s. There are many benefits of these ATM’s, they not only provides money to the customers but they also offer a receipt that tells its customers about the status of their current account. The working process of these ATM machines is quite simple and easy. The customers have to insert their cards into the slots of the ATM machines and a set of instructions will appear on the screen of the ATM machine. The customers have to follow these instructions carefully in order to carry out a transaction.

 

The buy ATM Machine is quite useful and handy one; it removes the need of cashier or bank clerk for providing money to the customer. With the help of these ATM machines there is no need to stand in the long lines of the bank for getting cash. The ATM cards save the precious time and physical effort of the bank customer or account holders. The other big advantage of these ATM cards is that they remove the limitation of time frame. The issue of time frame is there in the traditional form of banking. That is there is fixed time period during which the banks operates or provide money to its customers. The ATM’s on the other hand are open 24 hours a day, and one can carry out transaction during any time. These ATM machines are connected with the bank and they seek permission from the banks before providing money to the customers.

 

If we look at the outer structure of the purchase ATM Machine we will find that it is made up on screen, keypad and slot or opening. The slot is for entering the ATM card into it and keypad is for entering information and instructions into the ATM machines. The screen of the ATM displays information to the customers about the set of instructions he or she needs to carry out in order to withdraw money from their account.  

 

Banking

Canadian Abl Lending – True Success In Banking And An Asset Financing Loan

Are you enjoying life as a commercial borrower in Canada – We can’t even imagine some of the answers to that question, although we have certainly heard a lot of the stories! Let’s examine why a new breath of fresh air, ABL lending has become a favorite and very unique banking and asset financing strategy in Canada.

One of our favorite expressions these days is that the old ways don’t work anymore. As it relates to today’s subject we’re talking of course about commercial banking facilities in Canada, and focusing primarily on firms that have challenges to raise working capital and cash flow facilities that work.

It often comes down to a comparison of the two types of financing, traditional Canadian commercial banking, and our favorite new kid on the block, ABL lending and banking. We use the term new but quite honestly it’s simply a Canadian business financing facility that hasn’t been heard of by many Canadian business owners and financial managers for a variety of reasons. Maybe some people prefer to hide a good thing and keep it secret.

So whats better, a ‘ regular ‘ commercial banking facility via a Canadian chartered bank, or ABL lending and financing via a true asset based line of credit? Regular commercial facilities are extremely focused on criteria for mutual success – we say mutual because we hope everyone agrees your firm and the lender both have to win. (By the way, we are on our clients side! in that battle)

Got what it takes for a Canadian commercial banking facility – you know the drill – you need reasonable leverage, no significant events that are negative in nature, covenants that are a combo of income statement and balance sheet based, – example: fixed charge coverage, etc!

But hey, what about ABL banking and asset financing – whats required there. . Are you ready? Just assets!

That’s the appeal of asset based banking and financing – it focuses almost solely on current assets, key categories being of course receivables and inventory. Where our commercial banking friends focus in a dramatically different manner in analyzing and funding your business the ABL focus is simply n asset monitoring, and ensuring you can borrow on a daily basis at the highest of advance rates based on real world values of your assets. Oh, and by the way ‘ strange events ‘ are fully allowed – so you have a challenge, an acquisition, a special loan situation, a year of bad luck .. You will still be forgiven by abl lending and banking.

Want to ensure you have maximum availability on borrowing against your assets on a daily basis – speak to a trusted, credible and experienced Canadian business financing advisor about an asset based line of credit that makes perfect sense for your company.

Stan Prokop is founder 7 Park Avenue Financial ; see http://www.7parkavenuefinancial.com
Originating financing for Canadian companies,specializing: working capital, cash flow, and asset based financing , the 7 year old firm has completed in excess of 50 Million $ of financing for companies . For info / free consultation on Canadian business financing / contact details see:
http://www.7parkavenuefinancial.com/abl_lending_banking_loan_asset_financing.html

Banking

Africa Banking On Mobile To Be First Post Pc Continent

A convergence of historical circumstance and an increase in innovative mobile applications may make Africa the first post-PC continent.

Low investment in wired telecommunication infrastructure has driven increased mobile penetration, creating a user base that supports a rise in mobile innovation and increased interest in content development, according to observers.

Meanwhile, as global tech giants such as Intel, Nokia, Samsung, Google and Microsoft work on projects that aim to bring more people online, their focus is more on mobile devices and less on PC-based access to the Internet.

Poor telecoms infrastructure to homes and rural areas has meant that many people access PCs in their offices and use mobile handsets at home. Improved cell phone battery power has also allowed people to access resources that they would normally access on PC.

“Most African countries are haunted by poor network infrastructure, which makes fixed line communication extremely unreliable (in the few places where it’s actually available); this gave rise to vast and rapid adoption of mobile handsets on the continent,” said Pieter Kok, Research Manager for Software and IT Services at IDC South Africa.

IDC projects that the number of PC shipment to the region will rise, but not as quickly as smartphones and tablets, which are expected to experience steady growth. IDC estimates that in South Africa, 800,000 PCs were shipped in 2010 and the number is expected to decline by about four percent annually to reach 650,000 by 2015. Meanwhile, 1.3 million handsets were shipped in 2010 and that rate is expected to increase at a compound annual growth rate (CAGR) of nine percent to reach 2 million annually by 2015.

In the rest of Africa, prospects are brighter for PCs. IDC estimates that 3.7 million PCs were shipped in 2010 and annual shipments will rise to 6.9 million 2015 — a 13 percent CAGR. Still, the number of smartphones shipped is expected to rise at a higher rate. In Nigeria, IDC projections show that 1.5 million smartphones and 17.2 million feature phones will be shipped in 2011. By 2015, both markets are expected to grow, reaching, respectively, 3.2 million and 21.3 million units shipped. For smartphones, that’s a CAGR of 21.7 percent. Nigeria is Africa’s largest mobile market, after recently overtaking South Africa.

Considering the lack of legacy infrastructure, more companies are now demanding innovation around mobile phones, because they are considered more accessible by consumers in the mass market. Businesses are now starting to take advantage of mobile growth, while the informal sector is also growing and providing services enabled by mobile technology.

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Banking

Dubai Offshore company banking services – Jumeira Consultants

Dubai is one of the ideal places to set up a business or to look for individual business opportunities. If you are planning either of these, then you may have to open a bank account in Dubai for your transaction needs. Unlike most other countries, it is a simple procedure in Dubai. All you need are a few documents and proofs.

Operating an offshore bank account is simply carrying out your banking activities in a location other than the one in which you live. Individual and corporate account holders may have different reasons for opening an offshore bank account .Most general and popular reasons being tax saving requirements and multi currency loan requirements.

Another common reason for operating and offshore bank account is the flexibility that accompanies such an account and expatriates can benefit in a huge way from an offshore bank account as allows them to manage their international financial commitments easily. The latest free zone, Dubai International Financial Centre (DIFC) is flexible and unlimited offshore banking will become much easier.

Many large banks have offices in Dubai .All the banking activities in Dubai are regulated by UAE Central Bank and they impose many restrictions on foreign banks. Some of the restrictions are

a) Foreign banks are not allowed to have more than 8 branches

b) Any commercial bank operating in Dubai must have capital available of at least Dh 40 million. .

As the DIFC free trade zone will be governed by an independent regulatory authority, it assures financial sector organizations, more legal independence and fewer trade restrictions will be implemented on banking and financial institutions. Many financial institutions are to be granted licenses to trade within the zone and the DIFC will attract many companies in the financial sectors worldwide to promote offshore banking.

The offshore banking facilities in Dubai free zones have comprehensive laws to ensure transparency and to avoid money laundering .The laws also cover international economy compliance factors .The free trade zone is basically being designed to allow financial institutions to work and grow without limitations and restrictions such as taxation burdens, reporting requirements and stringent laws and rules.  The offshore banking sector in Dubai has already seen a growth in bank deposits following the introduction of the EU Savings Tax Directive. Many of the more traditional offshore centers do not offer many incentives to the banking sector as much as in Dubai .So it is becoming one of the most popular destinations for offshore banking.

Jumeira Consultants is able to offer clients assistance with all aspects of offshore company formation, business setup in dubai, business setup in uae free zones.

company formation in dubai

Banking

Exporting Islamic Banking From The Middle East

The Islamic Banking market is one of the most powerful sectors of the banking market in the world today, with a majority of the estimated $ 700 billion in assets of Islamic banks concentrated in the Middle Eastern region. However, the industry has also started to gain momentum outside of the Middle East, as more and more financial institutions are beginning to introduce Sharia-compliant banking products and services to serve the more than 1 billion Muslims living worldwide.

The growth of this segment of the financial industry presents a new opportunity for financial institutions located in the Middle East to export their business outside of the region to serve the large global Muslim demographic in other countries. The growing success of Islamic Banking outside of the Middle East can be attributed to the following factors.

Global Presence
In 1975 there was one Islamic bank; today there are over 300 in over 75 countries, such as Indonesia, Pakistan, the United Kingdom, Bangladesh, Nigeria, Egypt, Turkey, Iran, Sudan, Algeria, Morocco, Iraq, Uzbekistan, Afghanistan, Malaysia, Saudi Arabia, Yemen, Syria and Kazakhstan. Most notably, the number of Islamic Banks has more than doubled over the past 12 months in the UK, with Islamic banks from the Gulf Corporative Counsel (GCC) as the major shareholders of most of these new financial institutions. Currently it is estimated that funds from Islamic Banking make up for $ 200 billion in the UK, and this is predicted to increase by up to 15% a year, to be worth a trillion dollars by 2010.

Growing Acceptance
Consumers around the world have started to show an interest in, and greater acceptance of Islamic Banking, greatly increasing the opportunity for this segment of the industry to be exported outside of the Middle East. Today, Islamic financial institutions are recognized as fully-functional counterparts of conventional institutions. Additionally, an increasing number of Islamic investments have outperformed conventional investments, making banks more eager to offer Sharia-compliant banking products and services worldwide.

Ease of Exportation
Many countries outside of the Middle East have shown an increased willingness to embrace Sharia-compliant banking products and services. By introducing new laws and regulations to permit the practice of Islamic Banking, countries have simplified the process that Middle Eastern banks must follow to open new branches and introduce Sharia-compliant banking products and services to customers. The UK, for example, has put in place new laws to facilitate further market entry and practice of Islamic finance in the country. Also, the UK has actively encouraged the growth of Islamic finance by introducing a number of changes to support the growth of Islamic finance, such as ensuring that Islamic mortgages would not be subject to double taxation.

Malaysia has also taken action to help make Islamic finance more widely available throughout the country. Through international road shows, training programs aimed at regulatory bodies, such as the Islamic Markets Program organized by the Securities Industry Development Corporation (SIDC), and public engagements, including articles, interviews and conferences, Malaysia has shown an increased interest in Islamic finance. And in Indonesia, through the establishment of a Muslim clerical body, known as the Ulema Council, and market regulators, it has become much easier and more practical for Islamic Banking services to be conducted in the country.

Steady Market
Even amidst the global financial crisis, Islamic Banking has remained steady, while many Western financial institutions have taken serious blows. The Islamic Banking market has been largely unshaken by the economy primarily due to its more cautious attitude towards money. Instead of using financial instruments as derivatives, Sharia law bans insurance and investment gains, as well as excessive risk-taking and trading in debt. According to Sharia law, the collection of interest is a form of usury, which is forbidden. Islamic Banks also do not collect late payment fees, which are considered a type of riba, or interest. Therefore, when the economy suffers, individuals are protected from losing out as well. The resilience of the Islamic Banking market in spite of the global crisis has encouraged more countries to use Islamic principles to help run their economies.

Ethical Banking
Islamic Banking has also attracted a large audience because of the ethical form of banking that it provides. Sharia law forbids engagement in investments that include financial unknowns such as buying and selling futures, as well as businesses that are haraam dealing in products that are contrary to Islamic law and values such as alcohol, pork, gossip or pornography. These principles apply to all individuals, companies and governments. Each Islamic bank has its own Sharia Board in place to manage and maintain ethical Islamic Banking principles.

Training
Exporting Islamic Banking products and services will yield many benefits for Middle Eastern financial institution. However, to ensure that financial institutions in the Middle East will be successful in taking their products and services abroad, it is important that they implement comprehensive training for their employees.

Through training, banks will be able to build a well-educated staff that is familiar with Sharia-compliant banking products and services and educated on how to communicate them to their customers. With the number of Islamic banks growing throughout the world, it is important for Islamic financial institutions to offer banking products that are competitive with conventional products offered by other retail banks. Therefore, it is vital to provide training for employees to help to retain existing customers, as well as attract new customers to the bank.

It is also important for employees to become familiar with the appropriate laws and regulations that are specific to each country. When exporting their products and services outside the Middle East, financial institutions must be aware of the different laws put in place in each country which facilitates further market entry and practice of Islamic finance. For example:

In the UK, the Finance Act 2003 introduced relief to prevent multiple payment of Stamp Duty Land Tax on Islamic mortgages.

In Malaysia, the Government Investment Act 1983 was enacted empower the Government of Malaysia to issue Government Investment Issue (GII), which are government securities issued based on Sharia principles.

By training employees to become familiar with the laws specific to each country, Middle Eastern financial institutions will ensure success when taking their products and services abroad.

Final Word
Financial institutions located in the Middle East will benefit from the growing Islamic Banking industry by exporting Sharia compliant products outside of the region. Due to Islamic Bankings global presence, growing acceptance, ease of exportation, steady market and strong ethical foundation, exporting Islamic Banking outside of the Middle East will continue to be a prosperous venture for financial institutions throughout the world. Through comprehensive training for all bank staff, Middle Eastern banks will remain competitive in the flourishing Islamic Banking market, both inside and outside of the country.

Dr. Linda Eagle is Founder & President of The Edcomm Group Banker’s Academy www.bankersacademy.coma 24-year-old education and consulting firm dedicated to serving Banks, Credit Unions, Money Services Businesses (MSBs) and all areas of the Global Financial Community with thousands of generic and customized training programs in areas such as BSA/AML, Regulatory Compliance, Teller Training, Systems Training, Sales and Service Training, and many more.

The Edcomm Group Banker’s Academy is headquartered in New York, NY. For more information, email linda.eagle@edcomm.com or call +1.212.631.9400.

Banking

Banking Solutions ? How to Compare the Various Options

In the present date whenever one plans to start a fresh savings account or a checking account one needs to be careful enough to choose out of various banking solutions. He should choose something best suited for him. There are a lot of factors involved which together determine which factor is the best for you. One needs to be quite systematic and planned in his approach to make out the best. This article briefly discusses some important guidelines that you need to keep in mind while choosing banking solutions for yourself. If you make sure about the below mentioned points you may be able to decide what is the best out of various banking solutions.

 

The first and foremost factor that you need to be sure about is what exactly are you looking for? If you are willing for some short term benefits then stop viewing any long term CD. There are some kinds of accounts that insist that your money should stay for at least a time frame before you can access it. Try to find out whether you would have proper access to your money or not. Find out whether there would be some deductions if you opt for early withdrawal.

 

Also try to find out the kind of collateral management that your bank deals in. Collateral management is a legal agreement in which the borrower agrees to transfer some of his goods to the custodian in the form of a financial guarantee before the bank actually provides him the loan. Make sure about all the underlying facilities and guidelines when you opt for collateral management. It is always advisable to consult a financial advisor before opting for any such agreement. Another important point that you need to keep in mind when comparing different services is the level of minimum offered. If the bank charges a lot to you in case your account goes below a minimum level then it is better to avoid that bank.

 

In the current scenario it is very important to know whether your bank has proper banking solutions software. By banking software we mean that there should be a user friendly and easy to implement. It should provide a proper and step by step guidance to its users for easy navigation. Any kind of customer should conveniently be able to carry on the transaction without any kind of confusion. Apart from simplicity your banking software should also offer proper reliability. Nowadays because of an increased competition level most of the banks have started implementing latest financial services technology. These financial services technology give the banks an edge on the lesser organized banks. Because of an increasing trend towards online banking and money transfer most financial institutions have started stressing on proper usage of financial services technology. So when you choose a bank for yourself, make sure that you check for this point. Another important feature that you should check out while selecting a bank is to verify about the investments. Most of the banks now offer a variety of products like investment options in mutual funds and also stocks. So if you find any of these options available then you may choose one because these are best for having a long term saving.

In the current scenario it is very important to know whether your bank has proper banking solutions software. By banking software we mean that there should be a user friendly and easy to implement.

Banking

Banking jobs in India: An opportunity for the smart to shine

Banking jobs have traditionally been seen as secure and lucrative posts; all you needed was to pass an exam and have someone from your family as a part of the banking industry and you were set for life. Life went on, 9 to 5, and things didn’t change too much with time. But not so anymore: with the entry of private and multinational banks in the India market after the government relaxed its rules regarding foreign investment and partnership in India, the game has changed completely.

Multinationals like HSBC, Deutsche Bank, Standard Chartered and Indian banks like IDBI, State Bank of India and ICICI are competing to corner the largest chunk of the rapidly-growing Indian market. The work ethos has undergone a tremendous change in the last few years; while loyalty and reasonably amount of skills with good ‘relationships’ an connections were all you needed to get that predetermined promotion or pay-rise at the end of the year, today an impressive skill set and ability are needed for getting and hanging on to Banking jobs.

The current competitive culture in the banking sector favors smart people who possess a number of skills required and are ready to update them. Just getting a degree and passing the TNPCE exams won’t cut much ice with the employers. Although the banking sector is expanding quickly and a large number of Banking jobs are available in the public as well as private sector, the competition is so high that a candidate who is not ready to work hard and acquire new skills won’t be able to climb the corporate ladder. Indian Banking sector is expected to grow by 30% in a few years and the banks need to adapt to the change in regulations, securitization policies and NPA norms.

Change is the only constant in today’s Banking sector where the impact of growing internet use, new banking practices and changes in the global economy makes themselves felt. As the banks in India try to raise the bar and work as efficiently as their counterpart in developed countries, individuals who are ready to explore new ideas, learn new skills and evolve with time can survive. The quality of education provided by the educational institutes has increased, but it is still not equip students to handle the changing demands of the banking industry.

The banks are choosing only those candidates who have the right attitude, aptitude and passion for banking. The earlier method of written exams to select candidates is going out of vogue as banks also hold other tests to gauge the caliber of their employees. If you are looking for Banking jobs, be prepared to do more than just give a written exam. Also, do not take promotion for granted in Indian banks—the corporate India is quickly turning into a meritocracy only the smart ones who can adapt to and exploit new developments will be able to thrive in the speedily evolving banking sector.

Shah Jigar is the author for online job portal that offers jobs in India. Nowadays job opportunities have become so vast for Banking jobs. The portal provides jobs in Gujarat to the graduates and professionals. Free registration for Job Seekers and Employers at http://www.parttimejobsproindia.com/.

Banking

Embrace A Dazzling Career With Banking Jobs In India

Indian economy is emerging as a superpower over the last decade. Attracting major investors from top corners of the world, India has opened a vast platform to nourish the economic giants. The rate of growth of Indian economy is on a constant rise in past few years. This has opened up many opportunities for the deserving talents in the country. With expansion of possibilities in almost every sector, one business sector that thrive the best is the banking sector. Being the financial institutions their emergence as the most prospering sector is significantly remarkable.

With the dynamic expansion of banking sector the opportunities for jobs in bank has been quadruplicated over years. With introduction of multinational banks like HSBC, Deutsche Bank, Standard Chartered etc. the demand for an elite layer of competitive candidates have been prospered. With lucrative amenities and plus figure salary structure the jobs in banking sector are one of the most demanded options for any youngster in India.

With the flow of recent competitive culture banks are also digging into finding the best performers. Banks are looking for smart persons with brighter careers and executive skills, so that they can transform them as a better performer in this contentious environment. Under such circumstances for any aspirant looking up for any bank jobs in India has become a circumspect affaire.

With a massive demand for competent skilled manpower now banking sectors are more aggressive to hire the best. The selection criteria are becoming tougher day after day. There are many stages of selection hurdle to strain the brightest. With huge talent in access each bank interject optimum endeavor to have the best. The demand for working hard under susceptible environment deserves appropriate rewards and those out of this contention are never harbored.

Under such atmosphere the person with perfect attitude, aptitude and passion for banking jobs gain success. Persons with broad outlook and bright ideas are often welcomed. There are numerous offsets for every individual while preferring for an opportunity with a bank job. All you need to have is a passionate pursuance for rarifying your spheres of strengths so as to maintain a secure position.

In recent years change is the only constant for any banking industry. If you are heading towards pursuing for such a challenging career pursuit, you need to be constantly with the flow of the tide. You need continual skill up-gradations, think-tank sharing and appreciable performance to be in the eyes of your superiors. You need to convert your weaknesses to strengths and your threats to your opportunities. You need constant brush-ups for improvements in your self-performance and inner strengths.

Although challenges are many in this age of competition, you still can pursue a bright career with secure jobs in bank. Indian banking Industry has scopes at par with many elite-core counterparts to provide you the best of the working atmosphere with a joyful work sphere. For sure, bank jobs in India can empower you with brighter futurity as a career option.

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Banking

Bank PO and Bank Clerk

Banks serve the vital purpose of fulfilling our monetary requirements for carrying out various important functions of our lives with the help of loans. They also ensure safety of our money. Today, with the opening of many private sector and government sector banks, there is a growing need of trained professionals in the banks in order to carry out the various functions in the bank. Similarly, with such a large demand of employees in the bank, in return the banks have to offer handsome pays with exciting benefits, which are very hard to resist. Bank recruitment not only provides you with additional benefits but also adds respect and honor to your name. There are two such posts offered by the bank, which has attracted the youth in large number because of the status and pay the posts have to offer. These are; bank clerk and bank po:

BANK PO
Bank po refers to bank probationary officer. It is an attractive job offer for the youth, which is based on the bank probationary exams conducted by the respective banks. Your performance in the probationary exams decides your ability to face the cutthroat competition, which follows later. After clearing the exams, the selected candidates undergo a probationary period of two years. During this period, their performance in the various projects gets them recruited in different banks.

BANK CLERK
A bank clerk carries out the main responsibility of maintaining records of the transactions taken place in the bank and the loans sanctioned. A bank clerk is required to have good mathematical abilities and needs to work in an organized manner in order to avoid problems regarding mismanagement of the records. There are some qualities required for the recruitment of the bank clerk post:

Organized and neat work
Mathematical abilities
Computer knowledge
Aware and vigilant
Verbal and written communication skills
Recruitment for the post of bank clerk also precedes an examination conducted by the banks, which follow an interview session. Many candidates appear for this exam every year, however only a few are filtered down and selected for the interview round. The most competent and eligible candidates are finally recruited.

Thus, bank clerks and bank probationary officer are two most respectable posts offered by the banks. The bank recruitment is done based on the tough exams and the interview session. Once the candidate clears both the stages, he or she is finally recruited and trained on the work required to be carried out.

If you want to get tips for bank recruitment , tips for bank clerk recruitment and for bank po recruitment on jagranjosh.com .