Tag Archives: India

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.

The Revolutionary Concept of Cord blood banking is making life better

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The concept of cord blood banking can be considered a boon to mankind. Placenta and umbilical cord that used to be discarded by doctors after delivery has now become a lifesaver. These organs are said to have a lot of potential and the cord blood stem cells collected from them can treat several pediatric disorders.

Disorders that can be cured with cord blood:

There are several disorders that can be cured if you decide to get your baby’s cord blood stem cells stored after delivery. Some of them include: Multiple Sclerosis Stroke Cerebral Palsy Spinal Cord Injury Beta – Thalassemia Cardiac Diseases Diabetes Parkinson’s Disease Renal Cell Carcinoma Acute/ Chronic Leukemia Plasma Cell disorders Alzheimer’s disease Renal Cell Carcinoma

Procedure of cord blood banking:

Baby or the mother will not experience any pain during the collection of cord blood. The procedure is safe and it just requires few minutes. Once the baby is born and the umbilical cord is clamped and cut, cord blood is collected immediately. A special bag is used for storage.

What are the benefits of cord blood banking?

There is no doubt that the process of banking the cord blood is expensive but if you look at it as an insurance of investment for your child’s future, the cost won’t matter. There are many children all over the world who suffer from lymphoma, leukemia, thalassemia, sickle cell diseases and other disorders that can be treated with cord blood transplant. All these kids can be cured if cord blood stem cells were stored during their birth.

How expensive is cord blood banking:

There are many families that cannot afford to pay for banking cord blood stem cells. Private banking is high in rates since the storage procedure is complex. Cost is one of the main concerns that stops many families from benefiting from cord blood banking. A lot depends on the type of cord blood bank you have chosen. For instance, StemOne is one of the leading cord blood banks in India that has been successful in offering this service to many families since 2005. You can contact the bank for their rates and more information about their services.

So, if you really want to make sure that your child’s health is secure after his birth, take the pain of finding more information on cord blood banking.

Author Bio: Indrajit Roy is the business development head of StemOne, India. He has a bachelors degree in molecular biology and been actively involved in this field for several years. He likes to share ideas and recent developments in the field of stem cell treatment and cord blood banking through writing.

Axis Bank Platinum Credit Card General Benefits

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Axis bank is one of the most distinguished banks in India with years of
consistent involvement in the field of banking and financing sectors in
the country. Today, the bank is situated as one of the best platforms
from where loan products, insurance products and plethora of credit card
products including platinum card can be acquired of.


It is not only for cash advance facility, it rather entails several
benefits that will surely tempt you to opt for it. Some of the general
benefits of platinum plastic credit of the Axis bank are mentioned in
the following lines.

One of the benefits of platinum Axis bank
credit card is that the users can make financial transaction not only in
India but any part in the world. The user is at sole discretion to
maximize the cashless facility of the card in accordance with the
requirement.

More than 23 millions Visa accepting merchant
establishments around the globe accept Axis bank’s credit/plastic credit
thereby giving users an opportunity to maximize it anywhere in the
world.

In whatever financial transaction you are involved in
with Axis bank’s platinum/plastic credit, the bank ensures that you
receive regular alerts regarding the transaction on your cell phone.
Hence, details such as outstanding balance, paid bills, generation of
bills and so on are relayed on your cell phone so that you can get a
clear picture of transaction records made out of using the plastic
credit of your bank.

You can also subscribe advanced mobile alerts for this purpose.


Visa International Global Card Assistance Services are one of the
salient features of Axis bank’s plastic credit. According to the
service, if the plastic credit is lost or theft, the cardholder can
bring this matter into attention of Global Card Assistance Services to
avail new card or request fro emergency replacement or urgent cash
advance.

However, the user is charged certain percentage of interest rate to avail such service.


Axis bank plastic credit gives you revolve facility to which you can
make a purchase of your favorite goods anytime and pay off your bills in
easy installment. This facility is given to ensure utmost comfort and
convenience to the user regarding payment against shopping related uses.

Cash advance facility is undoubtedly one of the best traits
that serve users to easily withdraw cash anytime as per the
predetermined credit limit from the bank. More than one million Visa
ATMs around the globe and 25,000 ATMs in India where Axis bank’s
credit/plastic credit are accepted and maximized as per the demand of
the users.

Role Of Gramin Banks In Indian Rural Development

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INTRODUCTION:

The Gramin Banks are the banks which are set up mainly for the purpose of serving the rural areas. The word “Gramin” in Hindi means village or rural area. These banks are also under the control of India’s central bank “The Reserve bank of India.”

POPULAR GRAMIN BANKS:

There are many Gramin banks all over India. A few of them are:
1. Andhra Pradesh Gramin Vikas Bank
2. Rushkuliya Bank
3. Utkal Bank
4. Assam Gramin Bank
5. Arunachal Pradesh Rural Bank
6. Chaitanya Godavari Bank
7. Deccan Gramin Bank
8. Saptagiri Bank
9. Andhra Pragathi Bank
10. Langpi Rural Bank
11. Uttar Bihar Bank
12. Madhya Bihar Bank

SERVICES OFFERED BY GRAMIN BANKS:

Some of the services offered by most of the gramin banks are:
1. Issue of Gramin Pay Order (Multi City Cheques).
2. Lockers facility.
3. Demand Drafts and Cheques Purchase facility.
4. Collection of outstation cheques.
5. Issue of solvency certificates.
6. Issue of Bank Guarantees.

LOANS GIVEN BY GRAMIN BANKS:

The types of loans given by Gramin Banks are:
1. Crop Loans (Agricultural cash credits).
2. Poultry Vikas (Loans for Broiler Contract Farming).
3. Grameena Gruha Vika (Rural Housing Loans).
4. Agricultural Purpose Credit Card.
5. House Building loans to Public.
6. Personal Loans as a Mortgage of Immovable property.
7. Financing of Matured SHGs for farm production.
8. Loans to senior citizens and Pensioners.
9. Vehicle Loans.
10. Dairy Loans(for Dairy farming).
11. Farm Mechanization and Tractor Loans for farmers.
12. Mortgage Loans to facilitate Industry, Trade and Services Sector in rural areas.
The crop loans are given on furnishing to the bank a copy of the documents of the land possessed by the farmer on which he is going to cultivate. The rates of interest will be low and certain allowances like: to pay the loan back after sale of crops, etc., are given to the farmers.
In the same way the loans are also given specially for the purchase of tractors and other machinery needed for cultivation.
There are also loans given specially for poultry farming, dairy-farming, rural housing, small-scale industries and cottage industries.
Here the schemes and rates of interest of loans are specially formulated for the purpose of the above. The term of loan, rates of interest and documents needed for getting the loan sanctioned are all set as per the purpose.

RURAL SERVICES:

The Gramin banks are specially set up for helping and uplifting the rural areas. These banks set up their branches in many of the villages as per the need. Banks are set up in the most remote areas and are provided with internet and computerization to keep the records regularly updated. With this, the time needed for a person from a village to go to a bank in a city far off from his place for his needs is reduced. Even the fare for the journey is saved. In this way rural banks cater to the needs of the villagers by offering them services at their doorstep.

The Gramin banks also give Gold Loans, i.e., money in exchange for gold.
The Gramin banks give special support to the Self help Groups of the villages too. The self-help groups are usually set up by a group of men or women in a village who prepare goods and some food items on a small scale and sell them in the market. The required monetary help for the raw materials for these self-help groups is given by the these banks.

CONCLUSION:

Thus, Gramin banks are an integral part for the growth of agricultural sector and rural areas. They Indian Government has introduced a large number of schemes through these banks for the equitable development of the nation.
Gramin banks play an important role in India’s rural development. Being a government owned public sector bank, it also provides employment opportunities with job security for people in rural areas.

A Study on Marketing Strategy of Banking Industry in India-Allahabad Bank

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The Oldest Joint Stock Bank of the Country, Allahabad Bank was founded in April 24th of the year 1865 at the confluence city of Allahabad by a group of Europeans. At that occasion Organized Industry, Trade and Banking started taking shape in India. Thus, the History of the Bank spread over three Centuries – namely Nineteenth, Twentieth and Twenty-First. As a leading public sector commercial banks in India, Allahabad Bank offering banking products and services to corporate and commercial customers and retail customers. The Bank particularly focuses on the retail banking while serving all sectors of the Indian economy. Bank’s operations for corporate and commercial customers cater to large corporate customers as well as to small and middle market businesses and Government entities. Corporate and commercial products include Term Loans, Bill Discounting, Export Credit and other business credit and financing products. Also the bank offers a wide range of retail products including Home Loans, Personal Loans and Automobile Loans as well as Debit Cards. In addition, specialised products and services to the agricultural sector also one of entity of the bank. All the above products and services of the bank offered through extensive branch network, extension counters, ATMs, phone banking and the Internet. This article will be helpful in writing Project Report on Marketing.In Twentieth Century, The Bank became a part of P & O Banking Corporation’s group with a bid price of Rs.436 per share in 1920. The Head Office of the Bank was shifted to Calcutta on business considerations during the year of 1923. The Bank crossed its century year in 1965. In July 19th of the year 1969, Allahabad Bank was nationalized (with 151Branches – Rs.119 crores of Deposits and Rs.82 crores of Advances) along with 13 other banks. United Industrial Bank Ltd was merged with the bank in October of the year1989. The Bank made a foray into merchant banking activity in 1984 and subsequently instituted AllBank Finance Ltd as a wholly owned subsidiary for Merchant Banking in the year of 1991. The Official Language Implementation Committee of Calcutta awarded the Rajbhasha Shield to the Bank as Second Prize for its best performance for the year 1991. During the year 1995, The Bank had entered into an MOU with the Small Industries Development Bank of India (SIDBI) for financing small-scale industrial units. In 1996, The Bank had set up Information Technology Centre to provide in-depth computer training to Officers at Calcutta and Lucknow. Consequent to the SEBI Rules and Regulation the company surrendered its merchant banking registration in 1998 and got it registered as a Non Banking Financial Company (NBFC) with Reserve Bank of India (RBI). In the same year of 1998, the bank had received permission from the RBI for gold trading. Allahabad Bank has entered into an arrangement, informally though, with IDBI and ICICI in regard to funding of infrastructure projects. During the year 1999, Allahabad Bank has launched two new schemes to increase the pace of credit off take and in the same period TATA Consultancy Services (TCS) has entered into a contract with Bank for implementing the Integrated Standard Banking System (ISBS), a branch mechanisation package at 60 branches. The Bank bagged three major core sector clients, namely the National Thermal Power Corporation (NTPC), Power Grid Corporation and Indian Railway Finance Corporation Ltd (IRFC). This report shows that Allahabad Bank has performed well which is reflected in its Ratio Analysis Reports In Twenty-First Century, Allahabad Bank has launched its new personal loan scheme for pensioners in the year of 2001. As at October of the year 2002, the bank came out with Initial Public Offer (IPO) of 10 crores share of face value Rs.10 each, reducing Government shareholding to 71.16% and in the same year 2002, Allahabad has tied up with National Institute of Banking Management, Crisil and Earnst & Young for development of HRM, risk Management and general business strategy. The Bank has seized the commercial assets of the Guarantors of Ramolene Fabrics (P) Ltd in 2003 at Mumbai and signed a Memorandum of Understanding (MoU) with Corporation Bank for mutual sharing of their ATM Network. The Bank has entered into an MOU in the year of 2004 with the Export Credit Guarantee Corporation of India (ECGC) for distribution of their products to the exporters. UTI Mutual Fund and Allahabad Bank on April 5, 2004 announced a strategic tie-up for distribution of UTI MF schemes. During April of the year 2005, the bank made Follow on Public Offer (FPO) of 10 crores equity shares of face value Rs.10 each with a premium of Rs.72, reducing Government shareholding to 55.23%. The Bank has signed MoU with Mahindra Gujarat Tractor Ltd in the identical year 2005 for financing Hindustan brand tractor under special finance scheme. Allahabad Bank transcended beyond the National Boundary, Allahabad bank had opened a representative office at Shenzen, China in June 2006. In October of the same year 2006, the bank rolled out its first branch under Core Banking Services (CBS). During February of the year 2007, The Bank opened its first overseas branch at Hong Kong. During the calendar year of 2007, 100 more branches opened throughout the country, the total number of branches were stirred from 2042 to 2142 of which rural are 983 (46%), semi-urban 402 (19%), urban 450 (21%) and metropolitan 307 (14%). There is no doubt that reading Banking Industry Reports is essential for knowing the history of a bank. Allahabad Bank has opened its 2154th branch in at Pudukkottai, Tamil Nadu during March of the year 2008. The Bank has 211 ATM’s and Card members can now have access at over 16500 ATM’s all across the country under National Financial Switch. One of the premier nationalised banks of the country, Allahabad Bank has commenced the process of implementing the Agricultural Debt Waiver and Debt Relief Scheme-2008 in June of the year 2008. The Bank has improved its performance and established its visibility and strong presence in the market. The Bank is steadily moving at a faster pace to consolidate its position in the coming days introducing extensive computerization to ensure the state-of-the-art service comfort for its customers. The Bank has already in hand 116 authorizations for opening of new branches. Bank’s plan is to expand in areas where the Bank’s presence is not very much visible now and where business potentiality is good.

Search Jobs in Banking for a Fruitful Career

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The banking sector in India has witnessed a huge expansion in recent years, throwing open a world of opportunities. If you are at a stage planning your career path, search jobs in banking positions to get an idea of the options it has to offer and be sure to be overwhelmed.

Benefits of a banking career

The size of the banking sector is proof enough of the multitude of career options it offers. It is still at the expansion stage and offers many openings at various levels. The benefits it offers are enough to attract talent towards this industry.
Expanding sector: Over the years, the banking sector has seen many changes. Liberalization in the year 1991 was one of the biggest changes the industry saw. The number of banks in the nation shot up greatly with many private players entering the market. However, compared to other developed economies, this sector in India is still at the developing stage with a huge scope for expansion.
Growth opportunities: As the banking sector is expanding, it is also offering a great amount of job opportunities. Multiple jobs are posted on various job portals and you can also get job updates on mobile phones. Entry into the industry is just a beginning of the growth process, as there are ample opportunities to grow and reach high levels. The fierce competition in this sector is forcing every organization to adopt means to retain the best talents. Even public sector banks are keeping up with the competition and formulating policies that go in favor of the employees.
Competitive pay packages: To control the attrition rate within an organization, it is important to match up with the demands of the time. Pay packages play an important role, when it comes to executives switching jobs. To see to it that talent is not lost, banks try to keep up with the salary standards compared to other sectors.
Good working conditions: A banking job is considered a white collar job with excellent working conditions. Compared to other industries, the working hours are decent with very rare occasions of late hours. The atmosphere is absolutely professional, and balancing work and family life is possible in this industry.
Job rewards: Being a part of the banking industry has rewards that go beyond the attractive pay packages. There are several benefits that a bank employee enjoys, which employees of other industries lose out on. One such significant benefit comes in the form of loans offered at lower rate of interests to bank employees as compared to non-bank employees. Consider this to be a job perk, but it is a rather significant one. In order to earn a living, one either goes for self-employment or service. If you are planning to take up a job, it would be advisable to take a look at the banking sector. Search jobs in banking companies and you may find a diverse range of requirement with opportunities not being limited to financial backgrounds. You could also enter the sales field or the technology handling section. Needless to say, the benefits are many with a chance to have a balanced life.

Search jobs in banking companies to explore the opportunities available. Talent is required in various fields like sales, marketing, and technology. Sign up with a job portal and get job updates on mobile phones to stay in touch with the industry needs.