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Banking Career : Retail Banking, Corporate Banking, Corporate Finance, Merchant Banking, Treasury, Rural or Agri-Banking & International Banking - 3

Posted on Friday, February 27, 2009 comments (4)
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A bank is a financial institution whose primary activity is to act as a payment agent for customers and to borrow and lend money. It is an institution for receiving, keeping, and lending money. Just take a look on other important areas of Banking.

Retail Banking:

This banking provides a range of financial services to individual customers and small companies. While retail banking implies routine transactions like deposits and withdrawals; money transfer; foreign currency exchange and traveler’s cheque encashment, personal banking deals with loans, credit and mortgages; insurance policies; investment schemes; pension funds; and advice to customers on various financial matters.

Corporate Banking:

It caters to the needs of corporate houses. Interactions here are mainly with large companies and government agencies.

Corporate Finance:

It includes credit risk assessment; and advice to clients on matters such as corporate mergers and acquisitions, raising capital, and business strategy regarding competitors and outside factors.

Merchant Banking:

It offers different types of fund-based financial services on behalf of corporate clients, or institutional investors like pension funds, investment trusts, or those in securities business. The work here centers on activities like managing capital issues, portfolio management, public issue management and the buying and selling of shares.

Treasury:

This takes care of foreign exchange reserves. Responsibilities include dealings in foreign currency, as well as portfolio management.

Rural Banking or Agri-Banking:

It is the financial assistance given by the government for promoting agriculture, small-scale industries, cottage and village industries, handicrafts and other allied economic activities in rural areas.

International Banking:

This takes place when a bank in one country has transactions with banks in other countries. Their operations include, providing simple loans to customers against letter of credit, facilitating export and import transactions for the customer and providing foreign exchange facilities for loan conversion.

So, it is better to look at the Banking Career to make your future bright. Isn't it?

Seeing Straight Without Breaking Bank

Posted on Tuesday, February 10, 2009 comments (3)
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Seeing Straight Without Breaking Bank! It is the headline I come across in leading newspaper i.e., in New York Times. I know, you people think that what is the specialty in this news. Yeah! All you are right here to think in such a way. Guys, It is the news about well known company named "ZenniOptical.com" who serves you to take care of your eyes with their Prescription eyeglasses. I know, immediately your mind turns towards its price. Yeah! It has a great price. The company, Zenni Optical provides all-in-one Prescription eyeglasses for only $8! Wait! Please, do not assume that it is a wonder thing. The secret behind it is, you can buy your beloved eyeglasses without any sort of interference of third party i.e., agent or broker. It means, you can get the total profit directly in your pocket. Just think over it and stress your mind to find out any other company who offers such great price and quality too. Is it there any sort of company? I think you get your answer that why Zenni Optical in the New York Times?!

Banking Career : Chances to cash in on - 2

Posted on Tuesday, February 10, 2009 comments (1)
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There are different kinds of banks, and while the operations may be similar in all banks, the focus of activities might differ according to the segment of population at whom services are directed.

The Reserve Bank of India is at the apex of the banking structure. Its role is of a regulatory and developmental authority. The RBI issues the guidelines and procedural instructions to all financial institutions and banks. These include:

• The Regional Reserve Banks
• State Bank of India and associate banks
• Nationalized banks
• Private sector banks
• Foreign banks

There are in addition, rural banks which service the rural sector and co-operative banks managed by various co-operatives. There are also financial institutions, which provide banking facilities for the development of industry, such as the Industrial Development Bank of India, and Small Industries Development Bank of India, as well as those that promote foreign trade, development of capital markets, financing of the housing sector, and so on.

While banking in general, refers to receiving deposits, transferring funds, and provision of loan and credit facilities, bankers are involved in a number of banking activities.

Banking Career : A Creditable choice - 1

Posted on Tuesday, February 03, 2009 comments (2)
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Banking is believably the oldest job in the world. Banks manage money and wealth. Their activities make easier basic economic processes of production, distribution and consumption. They take care of people’s savings; issue traveler’s cheque; finance projects; act as executors and trustees; and extend loan and credit services. Besides, banks promote entrepreneurship and self-employment. Banking is, therefore, considered the most important segment responsible for the growth of any economy.
With the advent of liberalization and entry of foreign banks, banking in India has seen a detectable change in structure and functions.


While the information and communication technology revolution is also changing the operational environment of the banks. Moreover, banking procedures have today become computerized with electronic banking through automatic teller machines, internet banking, online banking, multi-city cheque facilities, and other gadgetry speeding up transactions. Banks have also diversified their activities into varied areas in the personal banking sector to include housing finance, leasing and hire purchasing. Private Banks are extending services to include wealth management and equity trading apart from a range of credit facilities.

Today, there are 27 public sector banks, 33 private banks and 43 foreign banks operating in the country, providing jobs to lacks of people. While the public sector banks still hold the biggest share of the banking business, accounting for about 83 per cent of the total deposits, private banks and foreign banks are bringing in a range of new and innovative services to attract customers. All these changes have resulted in the general upgrading of jobs, calling for more people with professional backgrounds. It has translated into a need for more management and fewer subordinate-level jobs.
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