Category Archives: Banking

Banking

Bank fraud and forgery

As the common people in every country rely on banks may be privatized or Government for their development of financial condition. They can indulge their assets in savings or fixed deposits or other schemes. Also the people can send or transfer the money from one account to the other by the way of bank account. Banking is very essential in these days. We have to depend on banking system these days to develop and increase our assets safely and systematically. If a banker deceives us by some tricky or misinterpretation we cannot do much but to be face a big trouble. Such cases crop up in the cases of Bank fraud. This system is applied to use the customer’s money, assets or other property by the fraudulent uses. A financial institution should be enough trustworthy but if they misuses customers property or money they are called and known as Frauds. Bank fraud may be entitled as criminal offence as subject to the Indian Government and other foreign Government by court laws. Though the particular fraud banking law varies depending on the jurisdictions the term known as bank fraud is applied to misuse or make use of the customer’s dependency and May termed as opposed to bank robbery or one kind of theft.

Bank fraud can be of several types, they are, mechanisms or internal staffs can indulge in frauds and may deceive the customers against the bank. The checking may encounter some problem or database maintaining and may encounter a serious threat towards the bank database management and may reflect odd results for customers. Forgery and altered banking receipts may be a problem. The fraud also can be intended and can be done in the cases of demand drafts. In the name of lucrative loan amounts and sanction the banks may indulge in fraudulent loans for customers. Forgery and fraud documents of each and every banking customer are also a severe sort of crime. Also bank fraud in payment card and ATM card is a serious threat among these days. Many people face this kind of problems often. Frauds can be also of phishing emails and information and internet frauds. As we are surrounded by hackers these days, so it’s a reason to worry for. Also the duplication of skimming cards information is another kind of forgery and bank fraud. Bill discounting reference cards and receipts in a bank is a criminal instinct. The nature of fictitious bank inspector is the real cause of worry even for bank frauds. Bank fraud is most common in other foreign states like United States of America, China and many more, though nowadays it is also happening with India. Fraudsters may set up companies and bank information such a way it’s deceiving the customers.

ABN AMRO bank is under the group ABN AMRO Large Corporate and Merchant Banking (LC&MB). It includes personal banking, private banking, business banking and deals with corporate clients. But the darker side is complaint against ABN AMRO bank by a customer as his credit card balance is actually 3,000 approx and the bank showed above 4500 approx, when reported to customer care they replied as misused he have to pay the stipulated amount, though he said to block it. Again Allahabad Bank Fraud have been reported for a forgery account balance of around 1, 99,000.

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. Many customer care center does not give respond like ABN Amro Bank Customer Care and Allahabad Bank Customer Care. We make companies constrain to solve people’s problems.

Banking

Bank Recruitment In 2011

Bank recruitment for various posts is carried out by IBPS. It is an efficient recruiter of posts like Bank PO and Bank Clerks. These recruitments are preceded by bank exams which are highly competitive in nature. Their difficulty level is quite high and the selection rate is very low. This is the reason why, only the best candidates are recruited for bank jobs as the selection procedure is quite tough. One has to put in all the efforts and has to be highly intellectual and aware in order to clear these exams. This year in 2011, the IBPS has adopted a new strategy to recruit individuals for the post of Bank PO and Bank Clerks. This new kind of recruitment exam is called CWE. It means common written exam, and as the term implies it is a common exam for all candidates which would recruit directly for 19 public sector banks of India.
The posts of Bank PO and Bank Clerks are highly sought after. Why is it so? Because they are the main hands behind every successful Bank. They carry out all the major functions in a bank. A bank po can do any work from basic things like scrolling, stamping, posting to important functions which ensure smooth functioning of a bank. Similarly, bank clerks are spread throughout various departments in any bank. He/she has to deal with customers, guide them in opening new bank accounts, close the previous ones and explain to them the plans offered by the bank. Bank clerks are also required to maintain important records of banks, manage loan information, prepare security documents, handle foreign affairs and may such vital functions.  Thus, a bank cannot function properly without a bank po and bank clerk. This is the reason they are in high demand and banks have adopted a stringent recruitment procedure for them. The tough question paper ensures that the most capable and deserving candidates are selected.
IBPS has introduced the CWE for these posts which would be conducted in 2011. As the post of bank po and clerk are in high demand, CWE would select a larger number of candidates for these posts which would be recruited if any vacancy arises in the banks involved. There are 19 banks involved which are well known in the banking sector.
Therefore, if you need to get a post as a Bank PO and Bank Clerk you can apply for the CWE in 2011. It will be like any other bank exam; however the competitive level would be much higher due to a larger recruitment facility. You need to prepare extra from the syllabus provided and the current affairs and score well.

 

If you need hlep regarding bank recruitment then read article bank clerk recruitment and bank po recruitment 2011 at jagranjosh.com

Banking

Current Affair in Bank Exam

Current affairs are very important in our understanding of the world that we live in. They give us the picture of the world in a broader perspective. Our vision becomes much clearer and broader. They allow us to stay in constant touch with the “Real” world. Thus, we as human beings, should stay updated by by acquiring knowledge on the current affairs taking place around us. Current affairs also hold academic importance; their inclusion in the bank exams is a proof of their importance in today’s world. They demand thorough preparation of current affairs through mediums like quizzes, newspapers, radio, news channels etc.
One must have noticed that recently, the number of current affairs questions in bank exams have increased. This is due to the growing dependence of the world on current affairs. A person who is unaware of the things happening in his/her surrounding is often said to be unaware. A high level of vigilance is the pre-requisite for survival in today’s world. We can not confine ourselves to our private lives. We need to enter the realm of the outside world by disrupting the lines of privacy. This would be beneficial for us as we would get different perceptions on a common or general topic. Thereby, increasing our understanding and widening our perception. Bank recruitment is a stringent procedure. Candidates in strengths of thousands apply for a single post in a bank. Addition of current affairs adds to the competitive level, and ensures the entry of the best candidates available.
We can prepare for current affairs in the bank exams through various ways. Some of them are mediums which are easily accessible like newspapers, news channels, radio etc. Other mediums are not used on regular basis but provide great amount of information on various subjects. Quizzes are one such option which is highly educating and entertaining at the same time. You can gain current affair information on various subjects like political science, history, geology, science and technology etc.
Thus, if one plans to prepare for bank exams for any post, he/she should pay great emphasis on current affairs. Special attention should be paid to current affairs based on the banking industry and banking rules and regulations. Quizzes and newspapers can help you increase your current affair knowledge.

 

If you are looking for latest Current affairs then read current affairs quiz and current affairs 2011 for bank exams at jagranjosh.com

Banking

Bank Jobs in Delhi

Welcome to our Bank Jobs in Delhi section. Here you can get every type of information regarding Bank Jobs in Delhi in 2012 with much of easiness and contentment.

Delhi is a monetary, industrial focal point with the maximum rate of employment in India. The union territory of Delhi has both private and public sector banks for the students or profession of any stream. These banks contribute the general public in several ways. Every finest Indian and International bank has their branches in Delhi. This can be considered as one of the actual reason behind the growth of the capital. Because of this the availability of the bank jobs in Delhi for the applicants are relatively very high too. Student after passing out from their colleges and school prepare for many exams to make better career in the stream as per there own interest.  Today jobs in banking sector are not just limited to the point but also to other jobs in areas similar to asset management, investment banking, BPO’s, Securities dealing and customer support etc. For recruitment in bank, student must be suspicious about the bank exams. Bank exams have been one of the most required after assessment through which a student and professional get into the jobs. After passing entrance exams, student gets into the interview or cross-examination and is posted in distinctive places all over the nation states. These posts can be of provisional officer type or clerical position. Applicant can also get latest information regarding bank jobs in Delhi.

Following are the list of banks which provide Bank jobs in Delhi.

a) Allahabad Bank
b) Axis Bank
c) Bank of Baroda
d) Bank of India
e) Bank of Maharashtra
f) Bank of Punjab
g) Bank of Rajasthan
h) Canara Bank
i) Central Bank of India
j) Corporation Bank
k) Dena Bank
l) Dhanalakshmi Bank
m) Federal Bank
n) HDFC Bank
o) HSBC
p) ICICI Bank
q) IDBI Bank
r) Indian Bank
s) Indian Overseas Bank
t) IndusInd Bank
u) ING Vysya Bank
v) Jammu & Kashmir Bank
w) JPMorgan Chase Bank
x) Karnataka Bank
y) Karur Vysya Bank
z) Laxmi Vilas Bank

Get More details about these topics by visiting bank jobs . Here you will get the latest updates about bank jobs in Delhi

Banking

Bank owned properties

 

Foreclosure sales are very common in today’s markets and it is generally made through sales of bank owned properties. People dream of living in owned homes, and take huge loans to buy the perfect accommodation for them. However, a lot of times they forget to estimate their own budgets. Many times they also take loans which they cannot afford as the rates of interest to be paid on the house loans are often very high especially if the person does not have a good credit rating. Thus, they end up defaulting on their payments. After a certain period of time, the bank takes steps to take over the mortgaged property. After it gets the ownership title of the property, it sells off the property in an attempt to recover   the remaining balance amount of the loan.
 
The foreclosure sales can take place at various stages. The best option to purchase a foreclosed property is when the foreclosure proceedings are complete. Most buyers tend to ignore this fact and end up jumping into conclusions even before the legal problems have been sorted out. This is important as many states allow the defaulters’ time to gain back the property within a stipulated period of time. If the owner can pay the amount that he has defaulted on along with interest, penalty and foreclosure charges, then he can keep the rights of ownership of the property with him. In such cases, these properties do not become bank owned properties and purchasing such a property only leads to losses and further problems.
 
Many times, before foreclosures sales are initiated, approval or consent from third parties who are interested parties of the properties is required.  This is often seen when the price of the bank owned properties have been quoted at a price lower than the outstanding loan amount. This might be due to various reasons but affects the bank who has lent the money directly as it is a definite loss for them. Further, such strategies of lower pricing becomes detrimental for the lender because it does not have a position to cover up the foreclosure charges that they might have incurred. 
 
While selling bank owned properties is considered the easiest and safest method because the bank is supposed to have clear title to the estate, it also needs to be carefully observed. Hence a thorough inspection of the property before foreclosure sales take place is essential. A lot of times the house is not in a good condition and requires extensive repairing. This tends to add extra cost for the purchaser of the property. This is because the property has been previously used by other people or could have been abandoned for a long period.  Bank owned properties are therefore typically the better quality of foreclosed home because the banks typically use a network of agents and property preservation vendors to maintain the house in good order so that the house does not lose its market value.  Bank owned homes are a great value for a buyer looking for good buying opportunities in the real estate market.  
 

To find further information on foreclosure sales and list of bank owned properties, visit our site.

Banking

Lucrative career in bank

The Good thing about bank jobs is the number of vacancies is in thousands. While we are talking about the recruitment in year of 2012, many banks are fulfilling their requirement with a huge number of personnel across India. These jobs are in large quantity is beneficial for the students as well as the growth of the country. And one more thing about the banking jobs that these jobs are not limited to the govt. sector only but the private organizations also in a large quantity taking part in it. So it’s easy to make career in this sector and the opportunities are uncountable.
The banking sector in on boom these days like this is one the job where you get lucrative salaries, respect, as well as trust because the banker is the person where people trust you. This is the palace where you earn money and respect together. These qualities of this job make it one of the most lucrative jobs in today’s scenario.
The bank jobs have different requirements for the different positions but there would be a plus point for you if you are from accounting or commerce background. So you can easily grab the things and the way of working in the bank. And the management language to make the work simple, accurate & fast. The two main requirement of the bank’s job is speed and accuracy. The bank jobs need a sound knowledge of math’s, English, Reasoning, and a little bit of computer. And you should be aware about the banking sector & financial sector.
There is no. of banks in India and each bank has to fill the vacant position at the gap of a time period. So the banking sector is not for the day one or two the recruitment is the on going process. So there is nothing to worry about the career or possibilities in the banking sector. You have plenty of opportunities to participate in the process and grab your seat. This is the best part of these jobs that there are number of opportunities and limited work to do.

Get More details about these topics by visiting bank jobs more over don’t miss to get the latest update knowledge about various bank recruitment you can also Check the Bank jobs in India Portal.

Banking

Bank jobs guide

This year for the fist time bank is conducting CWE(common written exams) to engage candidates for the post of bank PO and also clerical. Institute of banking personnel selection (IBPS) uses the latest technology to recruit the most competent candidates. It has various offices extend throughout the country which conduct exam every year for various posts in public sector bank.

Banks recruitment 2012 provides jobs in different cities and states as well as dissimilar banks, which include government public banks and private banks also. These jobs will range from official team of the banks to the clerical staff. Recruitment organization and job consultancy are busy in scheduling or managing jobs2012. Due to development of the activities and job profile of the banks, a huge number of jobs formed on a customary basis. As per requirement many branches are opened in each corner of the city and state to provide better facilities to their customers and for that banks need urgent requirement of man power in both official and clerical levels.

Banks jobs in India provided by the government have a good pay scale and security which is depends on the person’s administrator post. Basically the opportunity will increase in the coming year due to large number of retirements that are about to crop up in government sectors banks. The number of jobs in banking sector has also risen and is auxiliary bound to rise in approaching years because private companies are also aggressively concerned in the banking sector. That’s the main reason the bank is highly demanded area to work in. Now it’s up to the people and those already in jobs to decide their career in banking sector as they will have the liberation to single out jobs as per their preference.

This year for the fist time bank is conducting CWE(common written exams) to engage candidates for the post of bank PO and also clerical. Institute of banking personnel selection (IBPS) uses the latest technology to recruit the most competent candidates. It has various offices extend throughout the country which conduct exam every year for various posts in public sector bank.

Get More details about these topics by visiting bank jobs more over don’t miss to get the latest update knowledge about various Bank po you can also Check the Bank jobs in India Portal.

Banking

Bank Recruitment – 2011

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 perks which are very hard to resist. Bank recruitment not only provides you with additional benefits but also adds respect and honor to your name. However, one has to clear the challenging bank exams in order to get the job. The syllabus is huge and very tough. It not only contains academic information but also current affairs which makes the exam more difficult. This year, a strategy to conduct the bank exams has been adopted by IBPS, a body which conducts bank exams. It has introduced the common written exam to be conducted for the first time in 2011 for the post of Bank PO.

Banks exams are not easy to clear. It takes many attempts to clear these exams as the selection rate adopted by the bank is very low. Every person requires high scores in all the subjects in order to reach the interview round. The syllabus covers a large area and requires lot of time. A good Vocabulary is very important in order to clear these exams as a separate section consists of essays and other vocabulary related tests. Current affairs also cover a major portion not only in bank exams but also the interview session.

Bank PO is one the most preferred jobs offered by banks. Many candidates enroll themselves for this post every year. This has made the recruitment process quite difficult for the banks. Therefore, IBPS has come up with a novel strategy. It will be conducting common written exams in 2011. These exams will be a common platform for recruitment in 19 public sector banks for the post of bank po. The candidates passing this exam would be given a score card which they can later present when a vacancy arrives in any of the 19 banks.

Thus even though bank recruitment is a difficult procedure it can be cleared with hard work and dedication. With the introduction of CWE in 2011, by IBPS, recruitment would be less hectic for the banks.

 

If you want to get tips for  Recruitment in banks , tips for Ibps recruitment and for Bank recruitment 2011 on jagranjosh.com .

Banking

SBI Bank Recruitment 2011

Bank recruitment is a long process. It requires hard work and dedication on the candidate’s part and unbiased recruitment on the bank’s part. There are various selection processes adopted by different banks. Example, SBI bank has a different criterion for selecting candidates for the post of bank po, while the Corporate bank follows a different procedure. In 2011, many banks have published their exam dates, while others have conducted the exams already. Since, banking sector is high in demand; the selection rate of all the banks is very less and limited.
SBI refers to State Bank of India. It is one of the most renowned banks of India. Serving the need of people since many years, it is a trustworthy bank. Due to its popularity, many people are inclined to getting a job in this bank. It not only provides a handsome pay but also ensures job security.
Bank po is one of the respectable jobs offered by any bank. Written exams and an interview session are held before the final recruitment. After clearing both the rounds, the candidate has to serve a probationary period for two years. During these years, he/she is given various projects; it is the performance in these two years that recruits an individual into various branches. SBI Bank adopts the following selection criteria:

The candidate must be a citizen of India, in order to apply for any post in the bank. The eligible candidates who wish to apply for the post should register online by depositing the fee at once.

The candidate apply should be graduated from recognized college/university.
The minimum age for apply for the post of bank po is 21 years and the maximum age is 30 years. Candidates beyond 30 years of age cannot apply for the post of bank po.
The written exam consists of descriptive and objective type tests.
The objective test includes Test of English, test of general awareness, marketing and computers, test of data analysis and interpretation, test of reasoning.
The descriptive test consists of English test. Only those candidates who have scored an aggregate of 40% in all the four subjects are eligible for this test

The online registration for the year 2011 has already begun and the written exam would be conducted in July 2011 as published on the official site of SBI bank. The final Recruitment in Banks will be done based on both interview and written exam performance.

If you want to get tips forRecruitment in Banks , tips for Common Written Examination and download list of bank recruitment 2011 on jagranjosh.com .

Banking

How to Start a Bank

Is starting a bank feasible in todays competitive financial industry? Is it right for you?

The Regulatory Guidelines in Each State

These questions must be addressed before you can begin the process of starting your own bank. It is important to first understand that rules and regulations vary widely from state to state, and you should always obtain the services and advice of your states regulatory agency.

Planning Steps in How to Start a Bank

Once you have a clear set of ground rules about how to start a bank in a certain state, there are many, crucial elements that must be addressed:

Choose your business partners. The partners in your bank are also commonly referred to as the organizing group.

Develop a comprehensive, all-encompassing business plan that outlines your marketing plan, your projections and your financial situation. You will need to choose your business partners and have a completed business plan before you can begin the process.

Arrange for a pre-filing meeting with your states department of banking so you can be briefed on all the information that must be supplied when applying for a charter. There is typically a great deal of information and documentation needed when filing for a charter; therefore, it is wise to make sure you are prepared to avoid any delays once you begin the charter filing process.

Apply for a federal or state charter, which will enable a federal or state agency to authorize the organization of your bank. The federal or state agency is put in place to protect the public from unsafe banking practices and to ensure that your banks financial situation is sound and legal.

The partners of your bank, otherwise known as the organizing group, will need to identify the management and directors of the bank, including the CEO. The process of finding the right team is an extremely crucial step in starting your own bank, as your appointments may ultimately decide whether the agency accepts or declines your charter.

The number of directors you must hire for your bank varies, but most states impose a minimum number.

The partners of your bank must each give a certain amount of money towards the start-up of your bank. The amount required from state to state varies, although it is generally between 10 and 25 percent. The organizing group then becomes shareholders in your bank.

Perform in-depth research about your market and your target region. This information is important, as it is required when you apply for your charter. Consider the physical location of your bank, and delve deeply into the local economy and the competition.

Decide whether you will buy a building, build your own bank, or lease a building.

Begin raising money to meet the capital requirements of your particular state and location. The capital requirements vary widely, and they are often quite different for metropolitan and rural banks. The organizing groups contribution will likely comprise about 10 to 15 percent of the overall capital, so it is up to you and the organizing group to secure the additional capital. It is important to remember the more shareholders a bank has, the more likely it will succeed.

Apply for deposit insurance with the FDIC.

Now that you know how to start a bank, it is time to put the necessary plans, funding, and support in place that will help your bank become the next great financial institution.

James Vignione, administrator of Orion Systems specializes in free legal forms and business information to help people with their business and personal affairs. For more information, visit http://www.FreeBusinessForms.com