Tag Archives: Banking

Banking

How do I get Banking Job

With bank jobs noted to be the most desired type of employment being applied for by graduating candidates today it has become vital that candidates prepare properly to pass bank exams. IBPS is also being noted to get more competitive forcing the examination council to make the bank exams harder. This is not good news for the candidates aspiring to join bank jobs in the future but it is vital that they prepare in a planned manner to be able to be selected for the examinations.

To get bank jobs one must being preparing well in advance and the preparation should begin a soon as one has cleared their graduation. It is also vital that the candidate be genuinely interested in joining the bank jobs since this would greatly reduce the pressure on their mind. Many candidates are being noted to attend and practice for the bank exams just because the promise secure and attractive futures or due to peer pressure. This should never be the case according to IBPS and other education councilors since this place unwanted intentions on the candidates. It also increases the chances of failing the bank exams and not getting bank jobs.

Time plays a vital role towards the IBPS bank exams since candidates must be able to dedicate several 1-3 hours daily for several month or up to a year before they learn the techniques of answering the questions asked in bank exams. Failure to dedicate the required time will cut your chances of passing the examination by 50%. There is no point of rushing in to the examination since candidates are provided a good 10 years to prepare for bank exams, studying for a full year is therefore no waste of time and will greatly increase your chances of getting bank jobs.

Bank exams study materials and resources should also be searched for and used to help improve the chances of passing bank exams and getting bank jobs. Today many books are available in book stores but even more bank exam practice papers could be downloaded from the internet. It is vital the candidate be able to accumulate a large collection of IBPS practice papers and use them to prepare for the bank exams. Make sure to numbers them and use them in number sequence, once all are complete you could begin from the bottom once again and work your way through them again. Using online councilors is another major factor one needs to consider so it is vital you consider contacting one as they provide genuine advice.

 

Get tips for IBPS, tips for bank jobs and download syllabus for bank exams at jagranjosh.com

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.

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

Banking

Online Banking Moves Forward

Almost everyone these days uses online banking. Checking balances, paying bills, and making transfers can all be done from anywhere that has internet access. As smartphones have become increasingly more common, the opportunities for even greater integration of banking services have also expanded.

Mobile banking, or mBanking, is the use of smartphone applications, also called apps, to facilitate banking and credit transactions. People don’t like having to go to a bank branch, so these apps were instantly popular. The capabilities of smartphones, including GPS integration, image and audio capture, as well as internet access, means that the types and extent of services offered will continue to grow.

Some retailers have introduced apps that enable customers to pay for their purchases by simply waving their phones at the store’s register. The money is deducted from a prepaid virtual debit card. Third-party applications are currently being field tested that will allow more customers to pay this way at more stores, essentially replacing credit cards and cash. It is likely that more than one provider will move into the arena, each offering competitive services and features to attract consumers.

Banks are getting into the action directly, working to make all their services available to people on the go. They know that in order to keep customers and attract new ones, they need to offer what consumers want, and keeping up with the capabilities of new technology is a big part of that. At least one bank already allows users to deposit checks by sending an image via a phone application, or app. Others offer the ability to pay anyone directly by bumping together two phones which have the application opened.

Security is, of course, a big concern, one that is taken very seriously by application developers.

Precautions are taken to protect your sensitive data and that of anyone to whom you send money, just as with traditional online banking, including options such as randomized one-time-use passwords.

One feature unique to security on a smartphone is that when the phone is turned off, so is the application, meaning that there’s no way a hacker can access any information. In fact, phone technology may permit true digital signatures to be created, an advance which has never successfully been implemented for computers.

The future of online banking is as close as your mobile phone. Its functionality offers exciting new possibilities that are already being pursued. Soon you may not need to carry a wallet at all.

 

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Banking

Exponential Growth in banking sector

With the emergence of Banking as one of the most rewarding career opportunity, enormous openings had been seen in this sector. This has attracted many of candidates to appear for bank jobs at diverse positions. A number of jobs are offered to the youth as well as the experienced persons interested in pursuing their career in Banking. The sector indeed has generated both direct and indirect employment. The rise in bank jobs is the outcome of a number of factors like the entrance of private sector banks which has pressurized the market to be competitive. In order to be ahead the banks are forced to retain their highly skilled employees. The employees are ultimately benefitted.
These private sector banks have also created numerous bank jobs for the technocrats by bringing in the usage of IT i.e. information technology in almost all operations. This has brought a U-turn in the banking sector as well bank jobs.  There has been an expansion of business from branch operations to dealing with mutual funds, insurance, loans etc. Thus, the need arises for the specialists in areas like project analysis, credit appraisal skills, foreign exchange etc. so that utmost quality services can be offered by the experts in their respective area. Aspiring student can appear in entrance exams conducted by different banks such as Punjab national bank, UTI bank, State Bank of India and the banks like ICICI, Axis, and HDFC.  Both private and public sector banks conduct their exams annually for clerical and officer posts. The students both of matriculation and college level can apply for the exams as the paper consists of questions based on logical reasoning and simple mathematics.

An individual needs to possess hold over communication, knowledge of computers, interpersonal skills and ability to deal with customers. Students from any region are eligible for the exams.
With the widening of the sector, the need for the human resource is also widened leading to more bank jobs. So the students having an inclination towards a secure and prosperous job should look out for the bank jobs so as to have a better life. The future prospect for the jobs is also looking superior. The bank jobs have also assisted the employees to progress through various areas and grow in all directions. In fact, the bank jobs are becoming the hot favorite of the time due to fantastic development opportunities provided by them. The factors like job security and stability are the major ones drawing masses of people to opt for the bank jobs.

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

Online Banking and the Internet

For the most part, the internet has had a positive influence in our lives.  It has revolutionized the medical world, it has opened up a whole new world of education, brought together long lost friends and allowed us to view the world without ever leaving home.  However, one of the biggest improvements has come in the way the internet has made several daily tasks a lot simpler.

One of those tasks is going to the bank.  It used to be that we had to go down to the bank, fill out a deposit slip and stand in line.  Today, you can take a picture of your check and have it instantly deposited.  Paychecks and Social Security checks are available the day before pay day and debits are withdrawn in a moment’s notice.  Internet banking has made many lives easier.  This is especially true for those who live in rural regions and where getting to the bank may have used a lot of time and gas.  However, the internet banking revolution has had other positive effects as well.

Thanks to internet banking there is more competition now.  As a result, there are now banks which are internet only and that has led to them eliminating traditional costs that have been passed along to the customer in the past.  In addition, these internet only banks have been able to pass along savings in the form of higher interest rates.  As a result, competition has been on the increase even among regular brick and mortar banks. 

There has also been an even reduction of costs even further thanks to internet banking.  As more and more transactions have been handled without paper, there has not been a need for as many employees.  Banks have also been able to save money on paper itself.  As more people choose to get their statements online, more are opting from getting the traditional end of month statement.  This has made it possible to save on paper, ink and postage. 

Internet banking has also opened the door for twenty-four hour availability into your account.  It is nice not to have to wait for traditional business hours in order to get work done.  We now have the ability to transfer funds, check balances and pay bills no matter the time of the day or night. 

Customer service has also gotten a boost thanks to internet banking.  There are now numerous ways to contact the bank if you are in need over an account.  In addition, there are also FAQ pages which allow many customers to solve their own issues. 

Finally, the internet has increased the need of training for all bank employees.  This is because many customers will come into a bank with questions regarding their online banking issues and all employees must know how to help in order to keep the customer happy.  Of course, there will also be some employees who receive even more training so they can provide support when the questions can’t be answered by anyone else. 

Banking

Scope of banking in 2012

If we talk about banking sector and its scope in upcoming year 2012 – it seems to be great. Expert say that we have around 7 lakh job vacancy in year 2012.

Whether it is Private or Public Bank – Every bank require more and more number of employees, so their is huge scope of new comers as their is no full stop in banking sector, but one important thing i want to share with you all people is that bank exams are not easy now a days, we all know that every field have competition, so in this field also you need to face a huge number of competitors, but this is not a point to worry, because if you have right direction and dedication, you will clear it in 3-5 attempts. Some Students are facing problem in English Communication, so in this we can help you only by telling you what you should do and while doing it (with time) you have a good command over English. Its totally upto you that whether you want to take coaching form any institute or you want to clear exam on your own. If you want to go for coaching – i would like to suggest some point while finalizing your coaching: 

a) what are their back Record – how many students have clear bank exams while studying from their institute.
b) Check Faculty Qualification – This is must to check whether you are giving your career in right hands or not.
c) Ask them for Demo class- This is must to go for Demo class to check the way they teach  in a coaching centers and also the atmosphere of classes..
If You want to Select Second point i.e. Self Study – Some Tips About Self Study
a) Analysis the Level Of Competitors With Whom you are going to compete For Bank Jobs.

b) Select Right Study Material – you Must Choose right books and material – because they are your teacher.
c) Keep a Competitive Spirit live in you – because you have no one to compete.

I hope you will clear your bank exam and get your ban job as soon as possible.
 

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

Banking

Sallie Mae Online Banking

Sallie Mae Online Banking is easy and familiar since so many Americans have had their student loans with this financial institution in their past. To help earn your new business when investing in CDs or opening savings accounts, the Sallie Mae Bank is offering interest rates that are well above the national average. This way your money will earn its greatest return on investment. Members of its Upromise college savings rewards program have earned $ 600 million to help pay for college. Sallie Mae is also one of the leading financial service providers for universities and governments at all levels, including supporting $ 8 billion in ecommerce transactions annually at nearly 1,000 campuses.

The bank rates for the New Online High Yield Savings account are presently at 1.10%. With this account there is no minimum balance or opening deposit required, but unless you make a deposit no return on an investment can be made.

The interest rate with this account is compounded daily and all deposits up to $ 250,000 are insured by the FDIC.

There are also certificates of deposits with the Sallie Mae Bank. They have terms from 1 year to 5 years in length. Again there is no minimum deposit amount to open or obtain the stated APYs with these accounts.

The current CD rates include the 1 year CD is presently earning an APY of 1.20%. The 3 year CD is earning an APY of 1.55%. The best CD rates are form the 5 year CD. This CD is earning an APY of 2.15%.

Even with no minimum deposit with either of these accounts are required, the Sallie Mae Bank reserves the right to close any account that has a balance of $ 1 or less at their discretion.

The savings account rates were posted on June 17, 2011 and the CD rates on March 4, 2011.

Both sets of rates are current but subject to change without notice.

You can view open and view your Sallie Mae Online Banking accounts via the internet for your convenience 24/7.

We strive to bring you the latest and most accurate data possible from the home sites of the financial institutions we name.  Always remember, the bigger the risk, the larger the reward or loss. Invest with caution.

For additional resources involving financial help, please view PNC Online Banking, best bank savings rates, Westpac Online Banking and Online Banks at http://onlinebanksblog.weebly.com

Article Source : http://www.onlinebanksblog.com/sallie-mae-online-banking/

Author publishes articles regularly concerning investment and finance matters. For you to learn a lot more regarding CD Rates Interest, Online Banking, Sovereign Bank Online, CD Rates, SunTrust CD Rates, Online Banks, Westpac Online Banking, CD rates, PNC Online Banking, chase CD rates from Author pay a visit to – http://onlinebanksblog.weebly.com/

Banking

The Online Banking Reviews

You may visit any bank today and you’re bound to find a wide range of bank accounts to choose from. Ranging from savings and current accounts, to investment and loan accounts, there seems to be an account service for every banking need. Whether you want to open a Deposit account, Money Market account, or Savings account at any bank, make sure to do a little research on that bank.

Online resources provides you a list of bank reviews that include basic information on the bank, address, minimum balance to open an account, interest rates, and fee. You may also share with different people around the net if you have had any experience dealing with a specific bank. These data points are included in search results to help you make the best choice and see for yourself the best bank reviews around the net.
The bank ratings, bank ratings stars, local bank ratings etc. are only some ways to gather information about a certain bank that you ought to invest in. There are several trusted sites online that will provide you with bank ratings list. Bank ratings guide are also important so that you will determine the parameter of these sites in rating the performance of the bank in many aspects.

There’s a whole other world of dedicated accounts for consumers to choose from. Current account is classified as a general type of account; a consumer might actually find a handful of different current accounts with any given bank – each with its unique set of features. However, despite the sheer selection of accounts available to consumers, banks usually make it pretty simple for consumers to compare their options and choose an account that fits their financial needs, bank comparisons and bank reviews ratings are also a wise step to take.

So, there’s no need to feel overwhelmed by the seemingly countless bank accounts available on the market. Once you understand the features that accompany every type of account, you’re sure to be able to make an informed account decision.

What’s more, banks usually make it just as simple for consumers to apply for a bank account, most often inviting online account applications. Yet, if you’re still unsure about the various features tied to a set of bank accounts, the next step is to contact the bank directly. A banking associate can explain to you which account features come with each type of account. Talking to a representative directly also gives you the opportunity to relay what you’re looking for in a bank account – thus, making it easier for banking associate to recommend a bank account that matches your needs.

Online is a good place to make initial bank comparisons and online bank reviews. Online Banks often clearly lay out their account options right on their website, so you can quickly and easily compare account features based on what you’re looking for. You’ll be able to compare account features such as any applicable monthly fees, whether the account comes with overdraft or identity theft protection, whether any type of insurance cover is included with the account or whether you get added perks with your account.

Bank technology has been in the headlines of late for all the wrong reasons. Banking downtime is becoming a more frequent occurrence, or at least an occurrence that gets noticed more often, it can be stressful dealing with your financial account every now and then, that’s why investing in these reviews and comparisons is a great help. Discover banking experts share their mind with you and find out if you are banking in a right bank.

Learn more about Bank Ratings Guide and find information about Best Bank Reviews at Bankreviews.org. You can find the help and information you’re looking for about Bank Ratings List and more.

Banking

Choosing a Career in Banking

It was 7.00am on a Monday morning and as I sat on the train on the way to work I found myself behind two gentlemen in designer suits who I instinctively expected to be bankers. I was right. They soon started talking about their respective workplaces.

I became further intrigued as they tried to convince each other that they should jump ship to each others’ firms. The first man worked at a well respected global investment bank which he said was expecting a “big year” in 2011. On the flip side, this meant more time away from his family.

The second guy worked for a boutique bank. He was happy that his travelling days were behind him but moaned about the lack of training that his company was providing to new hires, especially at graduate level. He was spending a lot of time working one-on-one with new employees, which he wasn’t happy about.

Working out the benefits

The man from the global IB mentioned a new gym membership for all employees but said with his hours, working out was not on the agenda. His friend didn’t get this benefit but had vowed to work fewer hours this year to make more time for himself and his family.

Listening to both men got me thinking about the pros and cons of large banks and niche ones. While the fundamentals of your work will be the same, the application of that work can vary.

Where everybody knows your name

The major difference I think is culture. Employees in a boutique are more like family and the whole firm knows your name. In a big bank you probably only interact with members of your team and know little about other people and their duties.

A boutique can therefore have a friendlier feel to it and people work together rather than competing against each other.

You have a strong support network, which can be accessed a lot easier than at a larger institution.

Working for a big bank typically means you have one distinct job function, while at a smaller company you are often exposed to several different roles based on current projects. With less hierarchy and fewer processes, boutique employees have a greater chance to expand their knowledge. Being part of a smaller team can also let you stand out and be recognised for your contribution.

Size sometimes matters

However, the prestige of working for a large, well respected bank can be a huge advantage, and you will get fantastic perks and benefits. Although there is a feeling of being small fish in a large pond, having a specific role that you are solely responsible for can provide better future opportunities if you want to process your career in that job function. Training opportunities are generally much greater and more highly regarded by potential employers.

Overall, you need to find the right firm for you, based on factors such as those above. And no matter where you’re working, the atmosphere will be demanding. That’s the very nature of the banking industry – it’s a sink-or-swim culture.

 

Gavin is the founder of RedStarResume an online business that helps professionals with their resume and cover letter writing. With direct experience in recruitment, a vast knowledge of “buzz words” and “keywords”, and a genuine passion for helping our clients, the team at RedStarResume will help you gain an advantage over the competition that will greatly improve your chances of getting hired. Guaranteed!

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