India

Commercial Banking In India.

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Prime Services offered by a commercial bank include processing of payments by way of telegraphic transfer, issuing bank drafts and bank cheques, accepting money on term deposits, lending money through overdraft or through installment, providing letter of credit, safe keeping of documents, currency exchanges thereby enacting the role of a financial supermarket. The Commercial Bank lays more importance on loans that it provides to its customers. These loans are Secured Loans, Mortgage Loans & Unsecured Loans. A secured loan is one in which a borrower pledges some asset as collateral against the loan. A mortgage loan is granted to purchase property against security provided to the bank until the mortgage is paid of in full. The mortgage or loan can be repaid in easy installments. Unsecured loans are granted without any specific securities, under marketing packages like credit cards, debit cards, corporate bonds, etc. All in all a commercial bank raises funds by collecting deposits from businesses and consumers via checkable deposits, savings deposits, and time (or term) deposits & loans it to businesses and consumers. It also buys corporate bonds and government bonds. Its primary liabilities are deposits and primary assets are loans and bonds.

Commercial Banking in India categorizes itself into project finance & working capital. In the case of Project Finance banks in India offers long & short term loans to business houses to set up their projects. These kinds of loans are issued after approval from banks core credit validating committee. The Project Finance segment in the commercial department is highly competitive with different players in the department trying to get the best deals done by enticing different corporate houses and business organizations to opt for the loan by providing lucrative offers. Working Capital or Capital Funds are issued by banks to corporate or business houses to meet diverse needs and requirements of the business community. Working capital finance is specialized line of business and is largely dominated by the commercial banks.

Commercial Banking in India saw dramatic changes in the last decade after Indias integration with world economy. These economic reforms and the entry of private players saw nationalized banks revamp their service and product portfolio to incorporate new, innovative customer-centric schemes. Marketing and brand building programs were also given a new thrust in the new liberalized banking scenario. Promotional budgets were hiked to cater to the new and large discerning target audience. To meet the personalized needs of the customer and in order to differentiate its services, banks repositioned themselves in specialized fields, like housing loans, car finance, educational loans etc. to optimally service the customer. As of today Commercial Banking in India dominates other areas of banking such as retail banking and investing banking, solely due to influx and the term called installments that lures the customers to opt for loans to satisfy their business needs whether it is corporate or personal needs in terms of a mortgage loan. Commercial banking in India has definitely brought in a new dimension to regulation of finances in the Indian market.

Add Breeze Banking To Your Life

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The Breeze from Stan Chart (also known as the Standard Chartered Bank) has created a new generation online banking platform that is making waves all over Singapore where it was developed!

Available in both Singapore and Malaysia the Standard Chartered Breeze will be available in Hong Kong and India very soon. From there it will extend its reach to the rest of the world. Prepare for the Breeze experience to breeze its way into your town or city and into your very life!

If you have always found it boring, frustrating, stressful, annoying or inconvenient to do your banking then you are ready for the Breeze experience to come into your life! Breeze is available to customers of the Standard Chartered Bank as an internet application or if you prefer, as an iPhone app. Do no fret over the details concerning the Breeze as it will be available as an iPad app as of September 2010 which is not far away at all!

Keep in mind that the reason most people use banking services offered online and through mobile devices is convenience. For instance, business owners or executives who travel can gain access to business accounts anytime day or night and from any country or individual accountholders could handle a bank transaction while vacation on a tropical island. This means that every feature associated with the Standard Chartered Breeze platform has been carefully designed to meet the customer’s wish.

Breeze offers you the opportunity to customise the icons to make them suit your preferences. It comes with a handy wish list functions to help you plan for the things you want most to save for. The wish list also offers a rainy day feature that prepares you financially for emergencies that could crop up. It is also in plain language and has an intuitive interface that is as customer friendly as it could be. For example, it has a See, Move and Manage Your Money section that makes keeping track of your money and managing it the easiest thing in the world.

If you have just started banking online recently then the introduction of Breeze will improve your banking experience 100 percent. In fact once you start using Breeze you will never want to go back to banking any other way or with any other financial institution.

It cannot be emphasized enough that Breeze was created with the customers and users in mind. It takes your greatest needs in terms of banking and makes them a reality. You will not have to endure any more frustration when you use Breeze by the Standard Chartered Bank.

Breeze has an intuitive user friendly and user savvy interface as well as providing you with the unique ability to customise the icons as you see fit. What other banking application can say as much? Breeze is the bomb and it will be on the market very soon!

Bank Jobs In India In Banking Sector Also Involves The Marketing Jobs Due To The Diverse Functions

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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.

InfiniteCourses is a foremost name in the arena of web sites offering umbrella solution to all education related queries and dilemmas. Explore Bank Jobs in India, Jobs in Banking Sector, Marketing Jobs in India and much more.

Banking jobs considered secure job during recession period

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If one becomes an investment banker, then one will always have to deal with money. The important criterions for investment banking jobs are managing money, investing money, and also trading money by means of bonds. With the proper training of business, one may find a position for oneself in this type of money market. For investment banking jobs one should search for bigger type of companies situated in financial capital of globe to seek one-s position in the reputed ones. Companies like Merrill Lynch and many other reputed names comprise this sector, those of which extends investment services for the big type clients like governments and multinational corporations.

One should concentrate one-s job searching endeavour for the investment banks of regional nature that conducts their business in the middle markets. One-s skills as the investment banker can be utilized in these types of jobs in a small degree, in the form of assisting investors individually and guiding small businesses advancing financially. One should contemplate for job searching for some boutique firms to work in favour of one if one has specialized type of interest like financial analysis or bond trading. These types of firms are smaller in type and extend very specialized nature of services so that one-s capability suits the job type precisely prior to one-s submitting of application. For being conversant with investment banking jobs, one should utilize published resources from reputed institutions of financial education like Harvard Business School for identifying firms in which one may like to work.

One of the main features of international banking jobs is Offshore Banking. In offshore banking clients are helped to perform financial transactions by means of bank accounts of corporate both confidentially and securely outside the country of incorporation or residence. If prepared in right manner, clients are benefitted legally from international banking of tax exemption. Offshore banking is secure, reliable and stable. In addition, an offshore bank account in Hong Kong and Singapore have good image. Clients contemplating offshore banking with corporate type of bank account become benefitted by way of adequate protection in case of instability.

India is being projected as the next economic superpower immediately after United States and China. India has always been major investment destinations from abroad and it has turned into most attractive market having high potential. Many multinational companies showed great interests for setting up their businesses in India because of multifarious opportunities. Presences of large number of industries ensure more employments for the job seekers at different sectors among which Banking industry is certainly a vital sector. For the last few decades, India is showing tremendous improvements in the perspective of its GDP growth and overall economic situations and for this reason Banking sectors have made great contributions to achieve this feat. Owing to this reason, scope for banking jobs in India has increased manifold.

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Mobile Banking Performance Testing

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Mobile Banking is rapidly deployed across developed markets as well as emerging markets. In some regions the race is driven by customer demand, for example Africa, India etc. where the computer penetration is low and primary channel is mobile banking. In other markets where computer penetration is high and matured its still launched as additional channel to support latest Apple iPhone, Google Droid, HTC Hero, Nokia Symbian etc.

The mobile banking or sms banking or text banking testing encompasses various steps like

Functional Testing on Server Side
Functional Testing on Client Side
Performance Testing
Security Testing

Is the functionality for SMS Push/Pull or does it have other client applications and content?

Functional testing will include certain standard testing like

Funds Transfer
Enquiry Services
Requests
Bill Pay
Credit Card Transaction confirmations

For Mobile Banking Performance Testing the objective and scope is very important as it may involve end-to-end or server side or client side testing.
If its end-to-end need to have some visibility and control or access to various points in the chain. Which component should you be concentrating your efforts on based upon what the Bank owns and controls?

Mobile apps

Devices and Operating Systems
Network GPRS etc.
Multiple carriers and locations
Server side components

Experienced teams who have done these testing will be in better position to quickly get the job done for Client.
Once the mobile banking performance testing channel is live next step is to Monitor the Banking Channel from locations of your interest. It will be better to see if one vendor can deliver performance in pre-production as well as provide continuous support during post production.