The Chennai-based Shriram Group, which is keen to enter the banking space once the RBI issues the final guidelines on the entry of new players, believes it can leverage its 50-lakh customer base across companies for a successful business. Many of our chit fund customers do not have access to banking facilities and we feel they would require banking services like small cash transaction services or remittances. Hence, we are keen to get into the banking space though were awaiting the final guidelines, said Arun Duggal, chairman, Shriram Capital Trust. India Infoline in its report on SCUF sources over 90% of its business through the groups large chit fund infrastructure. SCUF benefits from low competitive intensity in its core geographic areas (Tamil Nadu and Andhra Pradesh) and product niches (two wheelers, used auto/CV, gold, small business and personal loans). According to sources, Shriram Group is considered to be a strong contender for the banking licence. There are over half a dozen corporate houses keen to enter the banking space but the RBI is expected to cap number of new bank licences at four. At present, Shriram Group is present in the financial services space through its various subsidiaries that offer commercial vehicle financing, life insurance, consumer and small businesses financing, retail broking and chit fund business. Shriram Capital Trust is the holding company of Shriram Group. The beneficiaries of the Trust are the employees of Shriram Group. It is a unique ownership structure with an employee stock option and partnership, said Duggal. Shriram Chits has a turn over Rs 2,500 crore, 465 branches and 5,000 employees. Shriram Chits operates in four states Tamil Nadu, Andhra Pradesh, Karnataka and Maharashtra. The Group is also looking to grow its consumer and small businesses financing subsidiary, Shriram City Union Finance (SCUF), to enter the home loan business. We will roll out the Shriram City Union branches in other states like Maharashtra and Gujarat. We will be entering the housing finance business once we receive the National Housing Bank approval, added Duggal.Gippy Grewal Desi Rockstar
Author: blogger
Bank Jobs In India In Banking Sector Also Involves The Marketing Jobs Due To The Diverse Functions
One of the most coveted careers in India, that is held in high esteem and is demanded by people, is that of the jobs in banking sector. Not only in the present day, but also in the post independence days, these jobs were considered prestigious and were in demand among the public. Since the time the government started the banks, there has been the requirement of people who could deal with the money of the public, helping in their deposits and withdrawals.
A few decades after independence, banks were looked upon as institutions which could be used for things more than just deposits and withdrawals. This involved the extending of loan services to the deservingly interested customers. To manage the loan paraphernalia, the bank jobs in India were created where competent people with knowledge of loan and its principles were recruited.
Gradually as the arena of loans widened, more and more officers were needed who could carry out the loan section of the banks. As loan facilities began to be provided in different aspects for the customers, more and more competent people were needed besides those employees who could help in the safekeeping and disbursal of the money.
During this era where the loans were provided to the customers, profitability of the bank increased and more numbers of loans were thought of being distributed to the requiring but deserving customers. To make people aware of different such loan facilities, there was a requirement of competent people who could convince the customers and help them avail of the loan. These people should have the knowledge of bank policies and
People who could carry out these functions were suitable for the marketing jobs in India. Not only banks, but the marketing jobs are on offer in almost every field, be it services or products. Every aspect of the economy and social life is directly or indirectly related to the sales and hence the marketing of products. Every sector functional and imaginable has the requirement of such personnel and therefore, in recent years marketing jobs in India are the highest in the country.
As the banks are diversifying into different other financial matters, the need of marketing people in the banks are also increasing. Private banks have already started this concept of selling their services and making them known to the general public. The concept is gradually seeping into the public sector banks. With the use of mutual funds, debit and equity related investments and insurance portfolios, the banks are also in requirement of marketing executives who can help spread the network of the banks.
All these effects, which are resulting in job proliferation, are due to the growth of the economy and are putting an indirect positive effect on the jobs that are being created. The whole of the country is looking at a plethora of jobs in almost every sector, but the jobs in banking sector have been especially spurred, so that hundreds of thousands of students and aspirants are able to find a job that is professionally and economically satisfying.
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Ultimate Info On Internet Banking
More people are conducting business with their bank online today. Some men and women still have fear of having information and facts stolen or other acts of fraud carried out on them if they do this. There’s some info to know if a person is beginning to do internet banking.
Banking on the net allows banks or credit unions, either virtual or retail, to service their customer’s financial transactions by means of a secure web site that they operate. A few of the institutions are entirely on the web and there are no buildings for a customer to go to whilst others still operate normal branch offices.
Once an individual sets up an account with their financial institution and finds that it offers web banking they can access lots of typical account transactions on line. These transactions are the same ones available by going into a branch office. They contain account or wire transfers, paying a bill, opening new accounts, acquiring bank statements, and many other items.
Having the capacity to pay bills on the net by means of the banks web page has streamlined the bill paying procedure. Online bills might be set to virtually any frequency and set to a predetermined amount for a users bills. You’ll find some which will link to the internet site where the charge is originating and generates the exact quantity and date due for the bill so the user doesn’t have to do anything other than grant access to the account.
By having access to the on the web account a customer can very easily check the balance on their account as well. This helps to verify funds out there prior to paying a bill or making a buy. It also helps simplify the procedure of checking for fraudulent activity on the account and permits for quicker response to this type of fraud.
Lots of on the internet accounts will also give software to access several accounts in one location. This saves time for anyone that has multiple accounts and makes it possible for for a quick overview of all the accounts an individual has offered. Having this capability makes it significantly less difficult to monitor multiple accounts.
Some institutions will also have spending budget software built into their web sites. So when a customer logs into their account the transactions that they’ve made will show in a category. Numerous websites permit for a user to create their own categories and to move transactions into the category they really feel it fits very best in.
Account security is some thing that quite a few buyers worry about. Some of the widespread methods that others attempt to get banking data from an individual is by way of phishing, pharming, and trojan horses. Financial institutions fight these attacks off by updating their digital certificates to keep their web sites secure. A user can help their own security by ensuring that they’ve virus software which will scan their system and by utilizing caution when downloading software or opening email attachments.
Web banking has helped quite a few consumers by offering bill pay and straightforward to access account statement services. It’s necessary to make use of caution with on the internet banking and normally ensure virus scan software is up to date.
ABSA Internet Banking Online Amalgamated Financial institution of South Africa
The Amalgamated Bank of Nigeria, commonly known as the ABSA Bank, is South Africas largest financial services provider bank. Additionally, it provides ABSA internet banking and offers one of the most economical, fast and efficient products and services not only to its individual customers but in addition to commercial and corporate customers who would like to make the usage of ABSA internet banking.
The ABSA bank provides a number of benefits and features to its large client base. ABSA internet banking services are availed from the clients to pay for bills online, check and verify account status, monitor transaction history, submit an application for finances, get yourself a print of numerous transactions, transfer money from and to your own accounts or other banks accounts, keep close track of any suspicious activities linked to financial account, personalize their account operation settings, and much more things.
The ABSA bank is really a Barclays Group associate bank having its headquarter in Nigeria. The most excellent attribute of ABSA internet banking is you can have completed all your banking related transactions effectively while sitting at your own place of residence without moving an inch. To go for ABSA internet banking services all you require to accomplish is to develop a request form and submit it to your nearby ABSA bank branch. The client is then be given a individual login id and password by which he or she can access the internet portal from the ABSA bank and acquire the advantage of every one of the ABSA internet banking facilities offered by them.
Please require a note that as a precautionary measure you must change your ABSA internet banking password frequently and regularly by adhering to the guidelines provided inside the banks website to ensure a secure and safe transaction each and every time you use ABSA internet banking services. Avoid documenting your ABSA internet banking pin number anywhere unsafe. Bear in mind your ABSA internet banking pin number to obtain a secure and safe banking experience. There are plenty of fraud email messages which request your bank account related details. Never turn into a victim of such fraudsters.
An advanced valued client of ABSA bank who would like various banking services besides just operating banking account then ABSA internet banking is the ideal solution for you personally. ABSA internet banking has become a primary necessity nowadays as people like to control their accounts while sitting at any location whenever you want away from the bank. The customers can also reference ABSA internet banking FAQ section on the banks website for any inquiries or questions coming up in their minds. They, alternatively, could possibly get in touch with customer service executives or ask banks toll free number provided over the internet.
Besides ABSA online banking services, customers can also use Phone and Mobile banking services offered by the bank to have access to their financial records even when there is no accessibility to internet. ABSA online banking provides safe and secure banking experience and safeguards the eye of the customers and many types of their transactional details efficiently.
Breeze Mobile Banking – Better Business Relationships
In recent months, word has spread about a new mobile banking application. Although mobile banking has been around for a while, the solution being offered by Standard Chartered Bank is unique. For one thing, this platform is designed to run currently off the iPhone, which is considered the most innovative mobile phone on the market, and will be rolled out to Apple’s iPad next month. Second, the application has built-in features that have never been introduced anywhere in the world until now. Third, this unique mobile banking option is being offered by one of the most reputable banks on the internet.
Standard Chartered Bank is one such bank that was established on a philosophy of providing products and services based on what customers really want, not what the bank thinks they want. Therefore, anyone looking to invest money into a bank online, Standard Chartered Bank would be an exceptional choice. However, this bank now offers something even better.
Building the customer base is one small part of operating a successful business, one based on trust and integrity. With today’s technology, multiple options exist to help businesses accomplish the goal of better and stronger customer relationships, one being Standard Chartered Bank. The primary difference between this and other banks is that every decision made is from the customer’s perspective. Therefore, the type of assistance is guaranteed to draw more customers in but also keep them.
In addition to entrusting money with the bank, the Breeze mobile banking solution will also provide the opportunity for people to save money. For instance, most banks charge high penalty fees when an account becomes overdrawn or creditors charge fees whenever payments are made late. With the Breeze E-Cheques (E-Checks) feature, the first of its kind in the world, people can log onto the bank’s website using a mobile device, choose a registered payee from a list already authorized, and request the bank to mail a check.
Along with monitoring account activity, with Standard Chartered Breeze, bank customers also have the ability to track and move. With this, people have a convenient but also easy and safe way of looking at financial information in real time. With the iPhone, rather than wait to find a computer, people can simply log onto the bank’s website and within minutes, have full access to their accounts. Now, while numerous features have been built into the Breeze mobile banking platform, one that most people find to be the most important is the added security measure.
These features are just two that Standard Chartered Bank offers on the Chartered Breeze mobile banking platform. This bank has always approached the banking and financial industry different from other banks, which is apparent in the different products and services, but also the innovative features being offered on the Standard Chartered Breeze mobile banking platform.
Without a system such as this, it is common to see customers needing to be paid but with the company owner or authorized person out of town, processing of the check has to wait. For the person or company on the receiving end, this causes financial obstacles, as well as issues of trust with the company paying. As more and more checks are paid late, the customer will take their business elsewhere.
The products and services provided through the Standard Chartered Bank website and the products and services offered through the Chartered Breeze mobile banking platform work hand-in-hand to ensure every customer, whether personal or business, has a seamless experience. Breeze is truly unique by running on Apple’s high-tech devices, offering a high level of convenience, and allowing account holders the ability to interact personally with accounts whenever and wherever wanted.