Category Archives: Banking

About Banking Courses in India

A career in banking and finance opens up many avenues for young graduates. With the exponential growth in this sector in the last few years and the entry of foreign players in the Indian banking market post-liberalisation, the scope for a career in banking and finance has increased manifold. More and more graduates are joining this field and even in these times of economic slowdown, banking industry in India is growing. Thus, a demand for banking and finance courses has also increased accordingly. Both private and government institutes in India offer regular and correspondence courses in banking and finance to students.

A banking course trains an individual in various skills. Need less to say that commerce and economics graduates are better suited to pursue such a course. The curriculum o f such a course includes planning, funding operations, man-management, resource management, managing of loans and profit generation. It is different from an accounting course though some fields overlap in both the courses. The curriculum of a banking course is designed as per the demands of the industry. The subjects included are strategic planning, international finance, operations management, micro and development finance, marketing and information technology. The basic course would include an overview of the subjects while a specialized course would deal in one of the many fields of banking.

Once an individual completes the banking course, he can look to get a job in a bank as a middle level executive officer. After the banking course, one is expected to know about monetary control, foreign exchange, currency values, treasury management and other related fields of study. Of course, the practical knowledge comes only with working more in the field.

For those who have completed their graduation in commerce or math or even other streams and look to make a career in banking can also pursue banking courses through correspondence. Many institutes offer post graduate diplomas in banking and finance through distance learning. These are especially beneficial for those who are working or are living in areas where no institute offers a regular course in banking. These courses are also specifically designed to cater to the demands of the industry. They produce industry-oriented professionals. Correspondence courses in banking and finance are available in various core areas at both the degree and the diploma level.

If one opts for a diploma course through correspondence, one could also be doing a postgraduate degree course or working in the sector simultaneously. For a postgraduate diploma course in banking, one needs to hold a Bachelors degree from a recognized university. It is only after the completion of the degree that one can apply for correspondence PG diploma courses in banking and finance institutes. However, the actual admission process and selection varies from one institute to another. All institutes have different criteria of selecting students. Thus, it is advisable to contact the individual institutes or visit their websites to find out the actual criteria.

Lloyds Banking Group sells Halifax for 1

Lloyds Banking Group has sold its Halifax estate agency business for just 1 to LSL Property Services. The group has said 1,050 employees will be transferred to LSL after the sale.

However, the move is likely to cause 460 jobs to be lost, 360 of which are said to be full time positions.

Lloyds has been in talks about the changes with its unions, and added compulsory redundancies among counter staff was a “last resort”.

The business has 218 offices, 93 of which are franchise operations, but has continued to make losses despite efforts made by Lloyds Banking Group following the takeover of HBOS a year ago.

All 121 Halifax banking counters located in estate agents are set to close their doors early next year, and later rebranded as one of LSL’s existing brands.

LSL is the parent company of estate agency brands Your Move, Reeds Rains and Intercounty.

Lloyds said the decision to sell Halifax came after carrying out a strategic review, “which concluded that an estate agency operation is no longer integral to its business model”.

David Nicholson, managing director of Halifax Community Bank, said: “Halifax Estate Agency is a well established business and, following a strategic review, we believe that it is better able to grow outside the Group with a strong existing player in the market such as LSL Property Services.”

Ged Nichols, general secretary of union Accord, said: “We will be having early meetings with LSL to discuss their plans for the business and employees’ terms and conditions so that we can provide maximum support for Accord members who will be transferring to LSL’s employment.

Lloyds said all customers with mortgages or other services affected by the counter closures would receive a letter containing details of the changes and be given information regarding alternative locally placed banking facilities. Most of these locations either have a Lloyds TSB or Halifax branch within one mile.

“We have also made our view clear to Lloyds that the staff who currently work in the 121 branches with banking counters should have the opportunity to transfer to nearby bank branches. We believe that there is no need for compulsory redundancies.”

The sale has made LSL the second-largest estate agency operation in Britain. The firm was created after its counterpart Your Move was bought out of Norwich Union in 2004.

Simon Embley, LSL’s chief executive, said: “The purchase of Halifax Estate Agency heralds a significant step forward in the growth of LSL and its associated estate agency businesses. We now look forward to embracing the opportunities that this move presents to us and, at the same time, ensure the high standards and reputation HEA are renowned for are maintained and built upon in the future.”

Private Banking Jobs Advantages Of Working In A Private Bank

In India, there are basically two types of banks-public and private. It is true that public banks come with their own share of merits. For instance, there are higher openings in public banks and the job is much more secure. The process of recruitment is also simple and not much challenging. Plus, it certainly gives the backward community a chance to gain recognition and status. However, private banking jobs come with their own set of advantages. More and more people these days are looking for jobs in a private bank. This is truer for the urban class and the educated community who are showing preference to jobs in private sector over jobs in public sector.

Here are some of the basic advantages that a private bank offers:
Better salary: The modern man is running after money. And its an undeniable fact that a private bank offers its employees a much better salary than a public bank. This is the chief reason why more and more people are hunting for jobs in private banks. In contrast, even though public banks give higher security, the salary is much lower. On the downside, there are very few vacancies in private banks. So, once you get a chance to sit for an exam or appear for an interview, you need to grab the opportunity with both hands and make sure that you are thoroughly prepared. Remember that more than your qualification, it is your confidence level and personality that matters.

Higher growth prospect: One of the chief complaints of people working in public banks is that they do not climb the ladder very fast. The growth prospect in a public bank is comparatively lower. On the other hand, in a private bank, a talented candidate can quickly make higher progress. Talent surely gets rewarded when you are working in a private bank. Higher wages and better positions await you there.

Fair treatment to all: Private banking jobs also do not suffer from the problem of quota system. Fair treatment and equal opportunity are proffered to every candidate. Thus, talent scores over caste distinction and this is where better candidates do not have to return disappointed.

Go For Banking Service

What should we choose as our career when a career we choose doesn’t give us job opportunities? Should we sit idle? Or we should go any other career. The answer lies here in this article. Unemployment is the major problem these days. This is not because that there isn’t enough service. The reason is that, there is one job for which thousands of candidates are applying. On the other hand, another company isn’t getting employees. There used to be a time, when only 1% students were selected for B.E degree. Also there weren’t enough engineering colleges. But now, every city has 2-3 engineering college. Every 3rd person goes for engineering. This has increased the number of engineers but posts are less. This sort of thing leads to unemployment and finishes the value of that course. Companies can’t afford so many engineers. Education has now become a profession. With this profession, unemployment in one department has increased as compared to another. So what should we do? Should we stop doing engineering? No, that’s not the solution. There are many job opportunities after that too. There are many exams like social services, GATE, IAS and banking exams, which requires any bachelor degree to be eligible for test. You can go for that too. At this time, a better option would be to go for . Many banks have been opened. Some of them are government and many are private. This has increased seats in the banking services department. There are tests for those banking services. One of them is IBPS PO exam. It’s one of the biggest exams and the . You can read about these exams, cracking tips, syllabus, exam pattern, section distribution and many more from internet. You can easily find about them on the internet. Giving exam isn’t enough. After the exam, there are other levels too to get selected for the job. That level is PI (personal interview). Many candidates crack the exam, but still don’t get the job because they can’t crack the interview. It is so because no one has told them about the way to clear interview. Tips to crack interview: ?Always dress nicely. Wear formal clothes and shoes along with tie. ?Keep your technical part strong. ?Be on time. Late comers leave a bad impression. ?Be confident, have a good sense of humour. ?Keep giving a smile. ?Maintain your posture as well. Don’t sit in a casual way, like you are sitting with friends. ?Never lie to your boss. Be honest ?Be a good story teller. Don’t be so boring. ?Never ask for salary. But you can tell them to expect salary when asked. ?Don’t interrupt the interviewer. This leaves a bad impression of yours. ?Leave the hall in a good way. There is no benefit of interview, if you are leaving in cruel, arrogant way. Go for the right career and have a beautiful and successful life. For more details must visit-

Mitigating Risks In Banking Outsourcing

Any task outside of the banks core business would be best outsourced. That means non-mission critical operations like customer service or email management should be delegated to a third party vendor. Banking outsourcing allows the financial institution to focus on its core competencies and upstream operations. What hinders them from trying out outsourcing however is due to the perceived risks.

Perceived risks

Risk to overall strategy choosing the wrong vendor will supposedly impact on the companys financials which might arise from the wrong decisions. But this can be averted by migrating only non-mission critical operations to the third party organization like payment processing outsourcing or customer relations.
Risk to reputation poor service from the provider could backfire and negatively affect the banks reputation. While this is a very real threat, this can easily be rectified by insisting on regular customer feedbacks to evaluate the service.
Legal risks the bank will end up assuming all the legal and regulatory penalties if the service provider has less than stellar standards. Its important that the bank should implement oversight functions apart from conducting thorough background check on the provider to mitigate the risks.
Technological risks if the vendor uses substandard technology, it could impact on the type of service it provides. Again, track record and background check would lessen the dangers.

Steps to mitigate risks

There are ways to lessen the risks involved with banking outsourcing. The main takeaway should be to create an extensive guideline that will serve as a beacon in monitoring and oversight of the service provider. The policy should also include a study of the banks operations to determine which need to be outsourced and which should remain internal.

Again, a background check is necessary in this case. It would also be prudent for the bank to also check offshore companies which offer better value for investment while maintaining quality service. It seems obvious but some outsourcing agreements are not governed by a comprehensive contract that outlines the responsibility of each party. So insist on one.

Lastly, the company should adopt a risk management strategy that will anticipate possible problems and craft plans to immediately address these issues to avoid downtimes. Third, regular evaluation of the payment processing outsourcing activities will allow the bank and the service provider to adjust accordingly with the end view of providing excellent customer service.

Build on relationships

When you do find that ideal service provider for banking outsourcing, its important to build on the relationship for a long-term collaboration. The only way for the relationship to prosper is if the agreement is a win-win solution for both parties.

Books Online About Internet Banking Can Help With Questions

There seem to be few that the average person can read and understand. With a little investigation at your local bookstore and online, you can find some fairly recent books that have something to say to the average consumer about internet banking.

Scams and Swindles: Phishing, Spoofing, ID Theft, Nigerian Advance Schemes Investment Frauds. There are many how-to books with instructions about knowing when you are being taken for a ride.

If you read this book, you will get information from crooks who have scammed, people who have been scammed, and cops who have investigated scams. You will be given worksheets and detailed reports on recognizing internet banking fraud. It is a must-have book for anyone who wants to understand how frauds work.

In some books, the author discusses how internet banking services can be used to create wealth. The usual financial concepts are discussed. Understanding net worth and how to accumulate cash are important ones. Different types of investment vehicles are also mentioned.

The difference in some books is that it is all related to internet banking. It is all designed to make it easier to run your finances from your home computer. This not only includes your internet banking savings accounts. It includes stocks and bonds, as well. It is well worth the investment.

Some books shed light on how internet banking may become more popular in developing countries. They explain that mobile devices are much preferable to installed devices in such countries.

This is because, for anything that involves installation, like a satellite or cable service for internet, people have to wait quite awhile. The early users of the internet in developing countries will be those who have wireless internet. It stands to reason that these people will use their computers for internet banking as well.
Some books give a studious report on banking issues that affect the world. They include discussions of internet banking.

You can also order articles to download from the internet. One article discusses the implications of internet banking on mortgage lending. Another article claims that internet banking has forever changed mortgage banking.

It takes diligence to find pertinent information on internet banking. Much of the information is too outdated to be of any usefulness. A lot of it is written in complex banker’s language and words only an internet guru would love. However, there are some books that are interesting to read about the subject of internet banking.

Banking Dissertation Help Free Tips And Topics

Banking Dissertations are considered to be one of the most complex types of theses that students may come across. In order to trounce the complications involved in writing a bank dissertation, a scholar should have an understanding of these problems at first.

Writing a Dissertation on Banking

To start with writing your thesis on banking you have to first have a grasp on banking dissertation topics. A topic determines a direction for you to move in. The following suggestions would give you some ideas for your thesis on banking and from these you may also come up with your own dissertation topics.

? Islamic Banking in Europe

? A Dissertation on Investment Banking

? The Usefulness of Internet Banking

? Concept and Evolution of International Banking

? Understanding Banking and Finance and the Geopolitical Influences

Now suppose if you choose to write an Islamic banking dissertation. For this topic you need to understand the meaning and purpose of Islamic banking itself. Only with complete understanding and knowledge of the subject will enable you to write your term paper. You may also choose to write banking and finance dissertation with a view on its geopolitical influences.

Some Useful Tips

Apart from doing research, you could also use bank dissertation help from experts in the field. However, if you choose an easier option, here are some tips that would certainly help you write a good thesis.

Discuss existing banking practices in detail and provide examples based on your research to authenticate the discussion. You may also take the current global economic slump for your topic and prepare an argument on the factors prompting such economic decline.

While writing your research paper always remember that dissertations or term papers act as the ideas and opinions of the author which are connected with facts and premise from reliable sources.

Investment Banking Interview Preparation

For undergrads and MBA students, the news that they have been selected for an interview at an investment bank comes with both excitement and dread. A position as an analyst or associate in corporate finance can be the first step towards a highly successful and highly lucrative career. Investment banking interviews, however, can be some of the most intimidating interviews out there, so let’s take a look at how to get prepared.

Before we jump into interview practice mode, we should take a step back and think about how we want to come across in the interview. In short, investment banking candidates should come off as bright, confident and likable.

In the final cut of selecting a hire, investment banks have already determined which candidates are smart and capable, so the decision comes down to who they like the best. So in addition to knowing a thing or two, candidates must remember to come across as a fun person to work with as well.

Know Your Story

Like any interview, candidates should have stories prepared about their lives that discuss their past, present and future. These are great answers for the standard questions:

“Tell me about yourself.” Or “Walk me through your rsum.” “Why are you interested in investment banking or this firm?” “Where do you see yourself in five to ten years?”

Candidates are highly likely to receive these or similar questions in any interview, and having succinct, practiced answers to them will give the impression of a polished candidate.

Your past story should highlight events that have qualified you for or gotten you interested in investment banking. Your present story should demonstrate why you want the particular position, how it is a logical step from where you are coming from and perhaps touch on where you hope the position will lead.

Your future story should discuss how investment banking will lead to where you want to go. Good future ambitions might be a managing director position in investment banking, a principle at a private equity firm, a CFO or perhaps and entrepreneur. In any case, you should communicate that those are long-term ambitions and you look forward to the experiences you’ll have in the position you’re interviewing for.

Know the Industry and Firm

Where investment banking interviews begin to get trickier is that firms will expect you to know what you’re getting into. If you confuse an equity analyst position with an analyst position in corporate finance, for example, you will not make it any further in the process.

You should understand the major divisions within an investment bank – sales & trading, corporate finance, research, etc. You should understand the hierarchy of positions within corporate finance – analyst, associate, vice president, managing director – and what each position does.

At the macro level, you need to understand the major differences between bulge bracket investment banks, middle market and boutique investment banks. You should also have a good answer for why you would prefer one type over another (and be sure that you prefer the type you’re interviewing with).

Way To Succeed In Banking Profession

There is always a demand for the banking job or investment-banking job. The reason is that investment banking is the most money making job. However, it takes time plus dedication to succeed. You must start with the entry-level job in banks.

Outline of the banking job positions:

Investment banking job is not the only banking position and there are various types in banking jobs. A bank teller occupies 67% of the banking positions. Understanding the job responsibility is the first step to succeed. Other job positions in the banks are:

Bank manager: The manager is the main person who operates the entire working of the bank. You as a manager must supervise the banks daily operations and must find out whether the employees are working as scheduled.

Financial advisors: As a financial advisor, you must recommend and give suggestions to the clients. This job is so important bearing great responsibility.

Accountants: If you have a good skill in accounts and if you are well qualified, you can go for this position. This job position is very important because the work performed by an accountant or by a group of accountants will be showed to the tax authorities, investors etc to fix the financial status of the bank.

Tips for success in banking job:

Banking career is one of the most anticipating fields. To succeed in this sector you must remember few factors as indicated below:

Keep exploring:
You must always be aware of the latest happenings in the business world. If you are aware of it then you will be able to increase revenue for your clients and bank. You are responsible to make sure that your customers are making a smart investment.

Fixing the fees:
As you are an investment banker, you must do some enquiry before deciding your fee. You must be sure that you get a good amount when compared with what you have invested in first place.

Networking in banks:
Like other fields, banking career also has become linked with networking. To recognize the related professionals, to attend the meetings or gatherings, anything is possible through networking.

Dedication towards your profession:
Without dedication, you cannot succeed in any fields. This is true particularly in banking jobs. You must devote all your time towards the bank service and to your clients. If you are working for investment banking, you possess additional responsibility because people enquire you about the means to spend their money.

Egyptian Banking System Expanding on Middle Class, Financial Meltdown Ineffective

RNCOS, a leading market research firm, said in its new report -Egypt Banking Sector Analysis-, with the significantly low penetration and growing middle class segment, the total deposits at banks in Egypt are projected to grow at a CAGR of 14% from 2007-08 to 2010-11.

As per the report, banking penetration is quite low in Egypt and most of the Egyptians are still unbanked. This is evident from the fact that only 10% of Egyptians currently have a bank account, and only 4% had a debit card as on end of 2007. But the growing middle class population (due to increasing income) and rising awareness level is enabling this unbanked population to access banking services like bank deposits facility. Thus, prospects of the banking sector are reasonably bright as the emergence of middle class population will support the rising demand of banking services like saving and current account deposits and related services like payment cards.

But the most astonishing fact about the Egyptian banking industry is that it will remain unaffected by the ongoing economic meltdown. As per a Research Analyst at RNCOS, -We do not see any significant impact of global financial turmoil on the deposits as the Egyptian system is dominated by state-owned banks. Otherwise also, the system is enjoying a high-support environment, with the country’s authorities having historically demonstrated both their willingness and their ability to intervene and prevent a banking default by any of the Egyptian banks, irrespective of their size or relative importance to the system.-

-Egypt Banking Sector Analysis- provides a comprehensive research and prudent analysis on the banking industry of Egypt. This extensive research will help the clients to identify the market trends and evaluate the leading-edge opportunities critical to the success of the banking industry in the country. This study gives an overview on the various factors driving the banking industry, together with the forces that are blocking the growth of the industry.

This research supplements the past and current information on the Egyptian banking market with forecast on various important industry aspects, including population, consumer durables (television, refrigerators and washing machines), Internet penetration, mobile subscribers, passenger car registrations, banking deposits, loans with the possible sub-categories and net interest income.

About RNCOS:

RNCOS, incorporated in the year 2002, is an industry research firm. We are a team of industry experts who analyze data collected from credible sources. We provide industry insights and analysis that helps corporations to take timely and accurate business decision in today’s globally competitive environment.

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