Tag Archives: status

Banking

Strong Financial Status And Bank Jobs Together Adding To The Diversification Of The Banking Sector

It wouldn’t be much wrong to say that the economy is strong and therefore the standard of living is dependently, prosperous. The growth of the economy has a direct bearing on the way the banks would take part in various activities. Since ages, the banks have a strong role in the economy of a country. The liquidity and the deposits have a better playing, but the range of activities were limited to the deposits and withdrawals and sometimes fixed deposits.

The banks were considered as the protector of the money of the general public. The bank jobs in those times were such where people used to do a limited spectrum of activity. With the growth of economy, the banks are also diversifying and thereby contributing on their own terms to the growth of the country. The direct bearing of such diversification has been seen on the bank jobs.

The first effect has been the opening up of new branches and multiple centers of the banks in distant towns and cities, where people, earlier, had to go to the nearby metros for their financial transactions. More jobs have been created thereby to cater to the banking needs of the people. As more personnel are required to man the newly opened branches, various exams are conducted to recruit people.

Apart from this, a new wave of activities related to investment and equity, has allowed the banks to employ people with diverse educational backgrounds. People with financial and commerce streams are being brought into the bank jobs to deal with the different aspects of the businesses.

There are financial consultants in almost every bank nowadays. There are separate branches which deal exclusively with mutual funds and equity shares. The extending of various types of loans also requires manpower to deal with the customers who are turning towards their trusted banks to avail loans of different types. More personnel are required to cater to the loan customers.

The usual work of withdrawals and deposits are being carried out through the use of computers and internet while making the core banking facilities available in almost every bank. People who are trained in use of such technologies are required in the offices of the banks. With private banking services being introduced in the country, the number of bank jobs has been on the rise. The customer base is always there for the banks to provide services to. It was the requirement of more banks in the country, which would reduce the customer load.

But the diversification of the functioning of the banks has allowed customers to avail the services that are on offer. This has indirectly led to the increase in the businesses of the banks and hence the requirement of more service providers. The bank recruitment is occurring regularly in form of various bank jobs advertisements for different banks. Students who are aspiring to take up such jobs and have the necessary qualifications to do so, are in a position of advantage as these jobs have allowed them to fulfill their dreams of a good and well settled prosperous careers.

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Finance

Non status car finance – no matter who you are, where you are

You might be wondering what actually are these non status car finance loans that you keep hearing about? Well, you might be pleased to know that these are bad credit loans essentially! Bad credit, non status, they are all the same thing, just different names. Now that that is out of the way, you might be wondering whether these are real loans, well online non status car finance loans are very much real and very much available for those with bad credit.  So if you are having a bad time making rounds of the banks, then these instant non status car finance options might just be the perfect solution for your problems.

These non status car finance loans come in two formats, for the uninitiated and for those who need a wider understanding about how these types of loans work, here is an explanation.

The secured format of this online non status car finance involves putting up some form of collateral or security towards securing the loan. It has to be of a value equivalent to the amount that is being borrowed. The advantages are that larger amounts of finance at lower rates of interest are sanctioned. The amounts vary from £2000 to £50,000. Secondly the terms of repayment are more reasonable. This is due to the time of repayment being large, from 1 to 5 years.

The second format of this instant non status car finance is that of the unsecured variety. These are the type that no collateral is required for. While there is no chance of loss of any precious commodity in case of default in payment, there is a chance that one might be served with a legal notice. And the amounts sanctioned are smaller with higher rates of interest because of the absence of security. The time of repayment is also smaller from 1 to 10 years. But this is a good option for those who do not have property of their own as yet. One needs to be a citizen, of age of majority and with a valid and functional bank account. Other criteria are flexible. These can be discussed with the lender himself to come to a compromise that suits both parties. The website can also handle any disagreements that might crop up. The idea is to lessen bad blood.

Xavier Alexander is a well known Financial Consultant. He provide useful advice through his articles no worries loans and short term loans no credit check.

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.