Month: October 2018

Global banking system is facing the environment of deep crisis. However, it is emerging gradually from the deep fissures of under performing economies and failed attempts for revival and growth. Nevertheless, banking system is growing in size with utter brilliant and intelligent moves. Banks and financial institutions are also improving their networks to absorb the strong fiscal shocks and revert with bang. No doubt, this battle is taking new shapes and eventually banking sector will outpace the crisis benchmarks. In order to take full control of the economic spectrum’s, banking sector need to revive its regulations and expand its risk taking abilities. They also need to improve their geographic coverage and improve facilities so that more and more customer can access banking services.

Governments are also helping banking sector for positive reforms and high-value moves that can foster business class people. Some of the positive steps that banking sector is undertaking at furious rate are as follows:

Offering Better Banking Products

Banks are offering more research-based and customer-centric products to their customers. This will enable them to develop specific products for enterprises. Enterprises can also enjoy these products as per their interest. In fact, banks are developing various wealth management products that are more specific for the neglected industries such as entertainment, dining, travel, and many more. Today, banks have dedicated relationship managers that understand business needs and provide professional financial advice.

Offering Business Loans

Banks are very particular about business loans. They are continuously helping business entities to establish their infrastructures and operate in a fostered environment without worrying about the risks or entry barriers, or new entrants. They are professionally and timely helping small and medium scale enterprises to reap business opportunities through their extended financial help. Banks are also busy in developing innovative loan programs for business entities in order to improve their bottom lines.

Advisory Services

In order to introduce growth element in the industries, banking sector is moving forward to offer invaluable advisory services to the industries. They are consistently discussing with the business leaders to raise their capital, dominate their market, grow their cash flow, improve their operational activities, and invest continuously in the stocks.

Banking and financial institutions are also helping in niche and investment banking services to the enterprises. They are extending their comprehensive support by offering mobile banking, internet banking, trade services, insurance, money transfer, and other paperless banking services to the underprivileged sectors.

By frequent IP Change e you can make your online banking more safe. The number of business transactions made over the net these days has increased temendously. Online banking is now growing faster as compared to other financial transactions. The internet has now become a popoular avenue for banking, shopping, and financial transactions for both businesses and consumers alike. What is actually existing as internet security suites are still lacking in defense against online theft and fraud. With the introduction of a fresh technolgy using the fundamental concept of IP change as well as data encryption, online banking security now becomes even more strong.

With internet as a tool, banking now becomes faster and stress free. With internet also comes an increased risk for online theft and fraud whose number is rapidly increasing as well. Internet is inherently an insecure platform because you are simultaneously connected with world. Computer viruses, spy ware, mal ware, key loggers and a variety of other security threats have been there almost from the beginning of the widespread use of the internet. Unfortunately, there exists great programmers who are deviant and are one step farther than the current internet security industry. Thus, there always occurs a war between the cyber criminals and experts of online security. Even if there exists internet security softwares including anti virus, anti spy ware, identity theft protection software, and the like, still these are not sufficient for online banking protection.

Cyber criminals are experts in breaking firewall and if they do, all your essential records including your login password and account numbers may fall into their hands. Given this, it would be a lot easier for them to get into your network and grab the data you send via the net. With the use of wireless internet connection, everything is still dangerous even if you have an efficient internet security software.

For a safer online banking, various safety measures must be taken, such as hacker proof passwords, frequent, change of passwords and update of browser, operating software, and internet security software. Subsequently, a closer look and remedial measures at the most sensitive points for enhanced security must be taken.

In order for hackers and online banking thieves to penetrate your computer system they need to know your computer’s IP address, short for Internet Protocol Address. The IP address is actually a unique number composed of six digits depicting your concrete location via the net. Such IP address is given by your ISP (internet service provider). You can only be safe if your IP address will not be revealed to other people online. There is now a readily available technology for you to make faster IP Change. This is possible with the use of various proxy servers not having same IP addresses. With the help of software (IP Changer) you can route internet connection through these remote proxy servers and change them frequently. Thus, every time you are on the internet, nobody else can access your actual IP address. It is one of the addresses of the Proxy servers others see, thus effectively hiding your IP address. You are thus able to search the internet anonymously and securely. For further security, the information is encrypted thus making it extremely hard to be hacked between your computer and the proxy server.

So when banking online you are securely connecting to the proxy server and then on to secure servers of the bank. When you are submitting log in information or your private identifying information such as social security number and financial information it is all done securely and anonymously. This is extremely valuable and important when banking from public locations such as libraries, book stores or hotels where unprotected networks such as the wi fi are used.

Truly, there is not a 100% full proof security, but this one is the best among the recently available technologies. This small yet efficient concept of IP Change allows all these to happen.

With financial and banking needs of people of India being established by private banks, the role of these banks in Indian economy has got itself firmly rooted. Some private banks have been fulfilling the banking requirements of people in India from nearly the last four or five decades and these have also contributed towards providing job opportunities. Having been known in the South India as the leading examples of progressive development, banks like Catholic Syrian bank, Karnataka bank and Lakshmi Vilas bank have already taken their names to great heights. Not only have they started a new era in banking since the 60s and 70s in the country, a number of people have also got employment because of these banks and have established a flourishing career for themselves. These banks are not only the pride of the country but their principles have become well recognised by the governments in the states and the centre as well as by the Reserve Bank of India. Over the years, they have brought out employment advertisements and have recruited thousands of people to provide services to the people and expand into new horizons. Today, these banks are being considered at par with the nationalised banks and enjoy the status of favoured banks by the RBI. The important thing about these banks is that they have been offering clerical and officer positions for interested students who want to prosper in the field of banking. From time to time, their recruitment advertisements have been closely followed by people and the applications have been dropped with the hope of finding employment in the respected banks. With most of the branches in south India, particularly in Kerala, the Catholic Syrian Bank offers a wide range of employment options for the people in and around the state. With Catholic Syrian Bank recruitment 2013 being suggested in the future, it will be a golden opportunity for all those aspirants who are rooting for bank jobs as their career. For them, the recruitment offer will be a chance to find a foothold in the sector and keep their footing in the way to a glorious career. Progressive growth is the feature of these banking jobs which has attracted many people and the lure to work in a bank which is having a rapid expansion in the modern day India, brings in plenty of applications, whenever the recruitment advertisements are published. Karnataka Bank recruitment 2013 will also meet a similar fate of receiving a large number of applications because people are assured of a growth in their careers after being part of this private bank which has shown resolute determination to become a leader in banking solutions. Another opportunity for the banking job aspirants is provided in the Lakshmi Vilas bank recruitment 2013, where posts of officers and clerks are on offer. Interested candidates need to submit their applications for different posts according to their eligibility, so that they can appear in the written exams and then go for the interviews for finally being recruited in these banks. It will be an achievement for these aspirants if they are able to make it to these rapidly expanding and progressing private banks of the country, a goal which is worth the time and effort.

Catholic Syrian Bank recruitment 2013, Karnataka Bank recruitment 2013, Lakshmi Vilas Bank recruitment 2013 a>

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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The UAE banking sector is still in recovery stage, post the 2008-09 real estate crisis in Dubai. However, the financial performance of the banks has stabilised especially over the past couple of years. The UAE banks, particularly Dubai based banks, are facing asset quality challenges, as reflected in their high proportion of non-performing loans and low level of provisions. On the other hand, Abu Dhabi based banks appear relatively less challenged from these issues due to their relatively lower exposure to real estate and higher exposure to oil based industries, which did well amid favourable oil price environment.

The key concerns related to the UAE banks include i) concentration in loans and deposits, ii) high proportion of related party exposures, iii) limited data transparency/availability, and iv) stiff industry competition. Moreover, the performance of the UAE banks has been constrained by the still recovering real estate and construction sectors. Although the banks maintain a strong presence in their local markets, the banking sector has limited diversification and displays concentration in terms of geographies, products, and customers.

That said, most of the UAE based banks benefit from strong ownership structure backed by local governments. In addition, most of these banks are in the process of restructuring their problem loans. The economy of Dubai has shown encouraging growth in the past two years. All key sectors of the economy including real estate, trade, tourism, and services have shown a considerable improvement. The improved performance of the core sectors would result in re-classification of some of non-performing loans as performing loans, which would reduce stress on the banking sector in the medium term.

Recent political unrest in some countries in the MENA region has benefited UAE, owing to its safe haven status in the region. Dubai has strengthened its position as a regional financial hub and has become a key channel for investment across the MENA region. This has directly helped local banks. The key characteristics of the UAE banking sector are as follows.

i) Strong links to local governments: The UAE banking sector has been strongly dominated by the governments of Abu Dhabi and Dubai. The ruling families are also actively involved through their investments in the country, typically through their holding companies. The government’s significant involvement in the UAE banking system proved beneficial during the global financial crisis. The authorities responded quickly when needed and supported local banks in 2008 and early 2009. The UAE Central Bank has provided liquidity support as well as deposits to banks in the past to alleviate funding pressure. Markets expect a continuous support to the UAE banks from local governments in future, if needed.

ii) Strong capitalization: The UAE banking sector exhibits a very strong level of capitalization. Its capital levels are supported by consistent profitability, strong earnings retention, and equity injections from the government in times of need. Total capital adequacy ratio of the sector has exceeded 20% over the past three years, the highest in the Gulf Cooperation Council countries. However, the high capital levels are also justified by some banks’ high share of non-performing loans, which requires a higher level of capital than the average.

iii) Weak asset quality: The UAE banks are challenged by weak asset quality. Most of the banks based in Dubai have shown very high level of non-performing loans and insufficient provisions. Moody’s expects non-performing loans of the UAE banks to remain in 10%-12% range in 2013. The agency also stated that despite recovery in core industries, the non performing loans are unlikely to reduce rapidly in the medium term due to banks’ large exposure to troubled borrowers, especially in the real estate industry.

iv) Dependence on oil prices and global macro-economic conditions: The performance of the UAE economy, especially Abu Dhabi, largely depends on oil prices. Any sudden fall in oil prices could result in lower public spending by the Abu Dhabi government. This could impact the performance of Abu Dhabi based banks, which have largely been involved in financing government directed projects. Also, in the event of a sharp decline in oil prices, the resulting economic downturn may further impact lending activities of the banks. On the other hand, Dubai largely derives its growth from real estate, trade, tourism, and services industry. The performance of most of these sectors is linked to global economy. Any deterioration in global macroeconomic environment would directly impact Dubai’s economy and its banking sector.

v) Limited credit differentiation: It is hard to differentiate between UAE banks just by looking at their credit metrics. Most of these banks are closely linked to local governments. The differences in asset quality and franchise value are the only primary distinguishing factors for the banks in the country.

vi) High competition: The UAE is an overbanked region. There are 51 banks currently operating in the UAE. This has resulted in stiff industry competition and has pressurized net interest margins of the banks.