The pros and cons of using internet banking services

Internet banking has been one of the most popular services of banking that is used by customers all over the world. Most individuals do not have the time to constantly visit the bank for various purposes. Internet banking services have simplified the process providing easier access for the customer.

The advantages of using internet banking services in India are:

1. Simple setup

The website is set up in an easy to understand manner for the customer. The website is designed to ensure that the customer can use it with ease and not require any assistance from the bank. One of the goals of setting up a banking website is to allow customers to get their bank work done in a matter of seconds from anywhere in the world.

2. Ease of paying bills

One of the biggest advantages of internet banking services in India is the option that allows customers to pay their bills online. Most individuals do not have the time to pay their bills as they are working. In this fast paced world the option of being able to pay one’s bills with a simple click of a button is convenient for the customer and also ensures that the bills are paid on time. Some banks also allow the customer to activate automated recurring payments where in the bills are paid directly.

3. Compatible with mobiles

All internet banking services are compatible with an individual’s mobile phone. This has not only made the entire banking process convenient but allows one to access their bank services from anywhere in the world.

4. 24 hour services

Another benefit that internet banking services provide is 24 hours service. One can access any type of banking services at any time. This allows one to also pay their bills at any point of time without incurring any problems.

The disadvantages of using internet banking services in India are:

1. Security

One of the biggest concerns of using internet banking services in India is the risk of security. The number of cybercrimes has been on the rise in the past couple of years. Hence it is extremely important for individuals to ensure that they do not disclose any of their banking details online on unsecured websites.

2. Transaction issues

There are some occasions where it is important for a customer to meet a banking representative face to face. Some complex transactions may confuse an individual and cause problems. In such cases, the bank is not able to provide the individual with the required information and advice. This is a concern that is constantly faced by banks.

Overall internet banking services in India has become revolutionary service for its customers. The ease of use and the promise of 24 hour services is a big advantage which customers have readily made the most of.

Investment Banking Jobs-Skills and Employment Opportunities

A career in investment banking is considered asone of the most lucrative and paramount career choices for the students. One of the common myths associated with the investment banking jobs is that you have to be from a finance or business background to land in one of those. Instead, nvestment bankers hail from all types of educational backgrounds and regions.

Investment banking Industry’s increasing relevancy in the global economy and the fact that it guarantees long term employment has lured many people to pursue a career in it. Investment banks assist people to raise money through two ways-Initial Public Offerings (IPOs) and debt offerings. IPO’s are offered when shares of the company are sold to the general public for the first time. On the other hand, debt offering is presented to private investors for selling it at a fixed rate of interest, allowing companies to collect money without adulterating the ownership of the shareholders alike IPO’s.

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Source:spotlightoncareers

What are the top skills of an investment banker

Anything that involves money is crucial by default. Investment Banking is an attractive career option, especially for recent graduates or professionals with a few years of experience. However, you must not ignore the cutting edge competition in the job market. With every aspirant ready to go that extra mile, for investment banking jobs, you need to arm yourself with industry specific skills and in-depth knowledge so as to differentiate yourself from the crowd. Investment banking employers seek high academic achievement, outstanding communication skills and internships in good companies. Some of the important skills that will help you to grab a job with industry leaders are mentioned below-

Solid domain knowledge

Ability to work under pressure

Complete tasks within stringent deadlines

Excellent analytical skills

Entrepreneurial

Relationship Building

Natural flair for finance and related disciplines

Employment Opportunities

Investment Banking jobs involve working with corporations, govt and other asset management companies. Typical employers include global investment banks, investment department of the large commercial banks or in smaller, regional boutique banks. You will find various graduate schemes available with the investment banks. A day in the life of an investment banker would involve typical work like financial modelling, working through deal memorandum, putting together pitchbooks and so on.

Top investment banks in India are listed below-

Bank of America

Barclays Bank Plc.

B.N.P Paribas

Citi Banks

Credit Suisse A.G

Deutsche Bank

J.P Morgan

Kotak Mahindra Bank Limited

The Hongkong and Shanghai Banking Corporation

Yes Bank Limited

Two of the common entry level positions include-analysts and associates. Moreover, most treat investment banking jobs as a stepping stone to big league jobs in Private Equity, Hedge Funds and Venture Capital.

Final Say

If the fast paced, competitive, deal-driven world of banking fascinates you and don’t mind putting your social life on hold, then investment banking can be an ideal career option. Just follow your instincts and comprehend the industry dynamics, may be you can bring the next wave of revolution in the sector.

Details Information about Bank Jobs Profile and Role of Bank PO

Constant Financial institution Recruitment within Current previous in public places as well as Personal Field banking institutions within Indian has established the aggressive atmosphere amongst aspirants with regard to Financial institution Work. The actual hoopla is actually likely to final a minimum of with regard to following 3 years because brand new limbs of numerous banking institutions should be opened up as well as substantial quantity of workers may stop working within the next 24 months producing method for a lot more financial institution work within Indian.

The federal government additionally chose to perform Financial institution recruitment for those open public field Banking institutions workers via a Typical entry examination underneath the guidance associated with Start associated with Financial Staff Choice (IBPS). A lot of financial institution work are required in order to occur as well as Financial offers surfaced like a warm Option profession.

Prior to engaging in any kind of preferred work, this is needed to obtain understanding of the job user profile of this Particular Work and also to obtain Required abilities necessary for which work. Through this particular you’ll have an advantage more than other people each upon trying to get recruitments even though upon Probation time period as well as learning the actual benefits and drawbacks associated with employed in which area.

Maintaining which into consideration banking institutions possess setup numerous eligibility problems such as normal Academic skills which are described within guide with regard to Software process. Aside from these types of, Banking institutions also have setup several Essentials for example certification within computer systems, Effectiveness within ‘languages’ recognized and so on.

Fundamental degree Understanding within Computer systems as well as web is very required for banking institutions work more recently because just about all open public as well as personal field banking institutions possess setup broad systems amongst their own limbs through computer systems as well as web with regard to supplying quicker & effective providers in order to typical individuals. Workers also need to carry out dealings and gaze after this kind of information upon computer systems. Everything can make the data associated with Computer systems key point within Financial institution work more recently also it ought to nicely end up being familiar with Function within Banking institutions.

Because work user profile, Financial institution PO (Probationary Officer) may be the access point for any work within financial institution, particularly in order to clean graduates and people with no encounter. The actual PO reviews for their instant older official, that carefully screens as well as examines His/her overall performance for any particular time period. In summary, the financial institution PO should be prepared to occupy any kind of task, function distributed by their older Supervisors throughout the probation time period to be able to realize the procedure associated with operating successfully make it possible for Him or her achieve greater jobs Within long term. The actual probation time period endures usually for just two many years. The actual banking institutions book the best in order to write off any kind of Official upon probation in the event that he/she is located unacceptable for that work.

Therefore prospect should put together themself appropriately as well as evaluate all of the Elements prior to choosing as well as contending for any work. It will help him or her handle the actual circumstances that could occur within Long term.

6 Easy Ways to Save Money

Everyone could use a little more money in their pockets or better yet, in their savings accounts, but many people feel that they’re too pinched as it is to try putting more money away. Though it may seem hard to start saving, it doesn’t have to be if you start by making small changes. These 6 suggestions can help you to start saving today without stretching yourself too thin.
Cancel a Subscription

Many companies have shifted from one-time purchases to auto-renewing subscription services. If you’re not careful, you may even forget which of these sites you’ve joined, and while an $8.99 charge may seem like a small price to pay once a month, that fee quickly adds up when you multiply it over a year. To put a few dollars back in your pocket, take a look at your bank statement, and find any recurring subscription charges. Think about which of those services you actually use on a regular basis and which you could really live without. Next, pick one from the list, and cancel the subscription. That simple click can potentially save you hundreds of dollars over time.
Plan Meals Ahead of Time

Since eating at restaurants is generally expensive, try cutting down on your food expenses by spending more evenings in, cooking at home. Plan your meals at the start of each week, and write a grocery list of the ingredients. When you go to the store, stick to that list. You’ll find as you do this that you spend less money and time at the store. Of course, planning your meals doesn’t mean you can never eat out, but planning and budgeting for selective nights out will make those evenings more special while also saving you money overall.
Cut Your Cable

It may be hard to say goodbye, but cutting your cable service will save you lots of money over time. You may also find that you’re not even missing out on your favorite television programs. Online streaming sites and smart phone apps offer free streaming of many programs as well as paid access to their full range of shows for a much lower price than most cable companies.
Set up Automatic Transfers

The easiest way to make saving automatic is by setting up automatic transfers through your employer or bank. These transfers allow the bank to automatically divide your paycheck between your checking and savings account. You can set aside a certain dollar amount or a certain percentage of each check to move into savings without having to lift a finger. For those of you who don’t have a bank account, you can easily set one up through one of the banks in Milwaukee.
Walk, Bike, or Carpool

Even with lower gas prices, transportation expenses add up. Whether it’s getting to work, dropping kids off, or running errands, the price of gas, car insurance, and regular maintenance can take up a large portion of your budget. To help manage these costs, try a few alternative forms of transportation. That could mean taking the bus to the store or riding your bike to work. You may also consider setting up a carpool system with coworkers or neighbors to help all of you save.
DIY

You can find step-by-step instructions for everything from home remodeling projects to plumbing repairs through online sites and videos. As you start doing these projects yourself rather than hiring out the work, you may find that the work is both more rewarding and more affordable than you previously thought.

Cutting small costs can ultimately lead to big savings. The best way to save is by looking at your personal finances and evaluating which little changes you can make that will have the biggest impact. Once you’ve saved all of that extra money, you may want to treat yourself to special trip or even use one of the banks in Milwaukee to start an account and set your money aside for a rainy day.

Significant Moves of Banking Industry towards Better Service Delivery

Banking industry has witnessed significant growth in terms of business levels. It has expanded its capacity and extended its muscles to the widest horizons. It is now preparing for new challenges and tides that can shape the future of communities and economies. Unquestionably, this sector is experiencing growth and exceptional development because of its globalized rights and ability to perform at distant locations. This has also given it the ability to scale new heights of services and banking applications. In fact, it is penetrating into the deeper levels of societies for boarder coverage.

Today, banking sector has categorized suffice into its network of branches, which has enabled it for offering multi delivery channels. This has raised the customers’ expectations as well as improved the quality of customer service. Maintaining a value-added and sustained emphasis on the comprehensive quality of customer service is the main objective of banks. Banks and financial institutions are supporting their internal architecture of delivery and aligning its research wings and strategies to harness the potential breed of customers. They are not only focusing on building and strengthening relationships with their customers, but also helping them in venturing new endeavors.

They are continuously looking towards greater coordination, collaboration, technology adoption, banking technology enhancement and vendor management. In fact, they are collaborating for precision-based technology and business process re-engineering. They are not only simplifying their lengthy processes, but also making them customer friendly. Most banking and financial institutions are putting their traditional strategies on hold and improve them for better operational efficiency.

Today, banks and financial institutions are musing on some of the most eminent factors such as:

1. Next generation of security risks
2. Leading a secure migration to mobile technology
3. More digital-exposure
4. Intervention of new technology horizon
5. Better business compliance
6. Solid IT investment
7. Mobile banking
8. Wealth management
9. Financial services conference

A couple of years back, all these initiatives were not possible. But, today, these all are possible because of greater dominance of technological transformation. It has provided new wings to the banks and allowed them for offering unique value propositions. As a result, there was substantial growth in industrial sector, banking and finance sector, insurance sector and business field.

In more accurate terms, banks are going social, advanced and technology-centered with customers in mind. They are constantly exploring new and wider technological perspectives for better service delivery and unique, inspiring products. In this way, they will satiate rising customers and community demands.

Role of Banking and Financial Institutions in Business Development

Opening a business or a firm is an exciting challenge, but what really gives pain is doldrums of economic strings. It is the basic factor behind the role of a business in its realm. Financial crunch is the most unpredictable situation and when occurs gives a powerful whiplash. Only those businesses or organizations survive that have an experienced banking or finance partner. Such partners can help in running a newly emerging or established business.

The fact is that most successful organizations are the ones most responsive to change. When it comes to changes only those businesses change that have effective team, efficient management, solid reserves and surpluses. Responding to evolving markets, customers and new protocols is very difficult unless you have your banking partner with you. Unquestionably, banking and financial institutions help businesses to think ahead to the wide array of innumerable opportunities to explore. They help businesses at every step and provide the most vital things like commercial loans, commercial overdraft, equipment finance and business insurance. These are some of the most crucial things that help businesses to boast its banner at the worst case situations.

Commercial loans are the most important factors for businesses. Businesses always look to buy commercial premises for their expansion. For this, they need instant balance, which only a reputable banking organization can offer at the most basic rates. They also offer their clients to choose between variable or fixed interest rates for their benefit. Banking authorities are also involved in the fair assessment of business assets and their financial proposals. This simply helps businesses to grow and expand their market value with more aggressive measures.

Businesses often need equipment finance that are very expensive and can consume complete surplus of the company. Banking technology along with financial institutions extends their assistance in purchasing or leasing equipment, whatever is necessary. Banks also discuss this thing with company’s advisory board to choose the best equipment as per their requirements. Banks also have instruments and products that specially SMEs and small organizations to grow and develop their core capabilities. They have various micro finance instruments that simply help SMEs to grow strong and independent.

In a nutshell, banking and financial institutions are developing new instruments and products to offer immunity to the businesses so that crisis never breaks their necks. They also ensure that businesses never face shortage of cash supply. This has dramatically changed the face of business scenario and boasted trade finance.

How to have a secure mobile banking experience

Till a few years ago, lot of imagination was required to come to terms with the idea that mobiles phones could be effectively used to transfer money and complete shopping transactions. But today it is a reality and gone are those days when you had to visit a bank, find an ATM or carry a plastic credit or debit card to access your funds. New age technological innovations have made way for mobile banking into our lives, which includes mobile apps that are capable of transforming any smartphone into a fully operational personal bank. But this technology has its own set of disadvantages bundled with its highly convenient nature. The most prominent one among them is online banking threats. However, it is possible to avoid these threats by following the simple mobile banking security tips given below.

1. Always use official apps

Numerous banking apps are available online that claim to offer you mobile banking services. Do not be lured by these apps and make sure to use the one that has been officially released by your bank. To assign further security to your funds, download the app only from the bank’s website by following the specific instructions mentioned there.

2. Avoid using banking apps on public Wi-Fi

Always be careful not to sign in with your credentials for any website on a public network. It is a very common practice of hackers to monitor these networks and steal away valuable data. So, whenever you wish to perform any banking activity on your phone, use the cellular internet data.

3. Avoid links and attachments

Mobile banking might also involve visiting your bank’s website. In the course of performing this activity never click on any link sent to you via SMS or email that claims to direct you to the bank’s site. Instead always use your mobile browser to visit your bank’s site.

4. Always Log Out

After completing your purchase never forget to log out or sign out of your mobile banking app.

5. Never store banking information on your phone

You may find it convenient to store bank login credentials on your smartphone, but it can have ruinous consequences if your phone gets lost or stolen. In such cases it is highly probable that this data can fall into wrong hands and get misused.

6. Use a reliable mobile security app

It is very important to use a reliable mobile security app to protect your smartphone from security threats. It safeguard your valuable data including banking data by preventing you to land on fake or malicious websites aimed at stealing personal and banking information. Moreover, this type of app will also put a stop to the installation of fake and malicious applications on your device.

Investment Banking Jobs: A Profitable Career Option

What is so enticing about the investment banking jobs in India? Is it the big fat pay packages or the ample career progression opportunities or the global exposure, which is making investment banking jobs a lucrative career option? Go ahead with the article post to find out the answer to these questions.

The financial service sector in India has grown essentially in line with the overall growth in the economy. The sector has witnessed increasing maturity against segments, with growing regulatory frameworks and the entry of numerous new players in the market. The Indian banking industry, with a total asset size of Rs. 81 trillion (USD 1.34 trillion) is growing like anything. The banking sector is considered to be the barometer of the economy. The good news is that, India is estimated to become the world’s fastest growing economy by 2017 with a growth rate of 7%, surpassing China along the way, as per the World Bank report. The burgeoning banking industry has unlocked the doors to several career avenues. Out of the numerous career options, investment banking has grown to become one of the most rewarding careers in present scenario.

Understanding Investment Banking

Investment banking is a broad term for a range of activities:

Underwriting, selling and trading securities (stocks and bonds)
Providing financial advisory services, such as Mergers and Acquisitions advice
Managing assets

Investment banks offer these services to companies, governments and non-profit institutions and individuals.

A Career into Investment Banking

Off late, investment banking careers have significantly gained prominence among the students who are interested in making a career in the banking sector. Careers in investment banking require solid quantitative abilities clubbed with excellent sales skills and also not to mention oodles of self confidence. Other necessary traits of a good investor banker include dedication, commitment, hard work and devotion. A proficient investment banker can yield high returns to the company.

How Offshore Banking Can Help You In Asset Protection

Protecting an individual’s and businesses’ assets from civil judgments by using systems, methods, techniques, and procedures stemmed from the common law based on court decisions and statutory law is termed as an asset protection. With Asset protection strategy, the creditors can acquire the assets when it comes to civil judgment.

The offshore bank account is one of the best options for asset protection. You will have some resources to count on even if you found yourself dealing with a government agency or a frivolous lawsuit. Since such summary powers can’t reach beyond the nation.

The idea of having an offshore bank account has recently continued to grow because of numerous issues like a frivolous lawsuit, the exchange gains, and losses, etc. The exchange gains and losses usually occur whenever there are transactions in foreign currencies so as to access the amount in the current country. However, many investors are trading cross-border and as the investors have clients across the borders as well, they require to open an offshore account to access it whenever they want from anywhere in the world. An offshore account also helps the business owners to save a lot.

Other than asset protection, an Offshore Bank Account offers a lot of more benefits to the account holder both for the individual as well as for the business. Some of these benefits includes:

It dilutes your political risk

Offshore account offers sounder banking systems and banks

It provides a great way for Currency Diversification

Ensures access to medical care cross-border

Option to act quickly and transfer more money abroad in the future

Offshore account also maintains limited privacy

It also maximizes your personal freedom by offering more options that mean more freedom.

When thinking of doing business globally, holding an offshore bank account is one of the first things that comes in the mind of the most of the foreign investors. Its numerous benefits attract many investors and individuals across the world and has become one of the crucial things for multinational corporations. In other words, you can say that an offshore bank account is somewhat like an insurance policy. It helps protect you from unsound banking systems and banks and also protects you from the destructive measures of a bankrupt government. Additionally, it also makes you a difficult target for wrestling ground of government agency or frivolous lawsuits and also lets you pay for numerous medical care cross-border. The benefits, opportunities and privacy offered by the offshore account gives a degree of mental comfort. You can even diversify your portfolio, internationalize some of your savings, and also protects your purchasing power.

How to have a secure mobile banking experience

Till a few years ago, lot of imagination was required to come to terms with the idea that mobiles phones could be effectively used to transfer money and complete shopping transactions. But today it is a reality and gone are those days when you had to visit a bank, find an ATM or carry a plastic credit or debit card to access your funds. New age technological innovations have made way for mobile banking into our lives, which includes mobile apps that are capable of transforming any smartphone into a fully operational personal bank. But this technology has its own set of disadvantages bundled with its highly convenient nature. The most prominent one among them is online banking threats. However, it is possible to avoid these threats by following the simple mobile banking security tips given below.

1. Always use official apps

Numerous banking apps are available online that claim to offer you mobile banking services. Do not be lured by these apps and make sure to use the one that has been officially released by your bank. To assign further security to your funds, download the app only from the bank’s website by following the specific instructions mentioned there.

2. Avoid using banking apps on public Wi-Fi

Always be careful not to sign in with your credentials for any website on a public network. It is a very common practice of hackers to monitor these networks and steal away valuable data. So, whenever you wish to perform any banking activity on your phone, use the cellular internet data.

3. Avoid links and attachments

Mobile banking might also involve visiting your bank’s website. In the course of performing this activity never click on any link sent to you via SMS or email that claims to direct you to the bank’s site. Instead always use your mobile browser to visit your bank’s site.

4. Always Log Out

After completing your purchase never forget to log out or sign out of your mobile banking app.

5. Never store banking information on your phone

You may find it convenient to store bank login credentials on your smartphone, but it can have ruinous consequences if your phone gets lost or stolen. In such cases it is highly probable that this data can fall into wrong hands and get misused.

6. Use a reliable mobile security app

It is very important to use a reliable mobile security app to protect your smartphone from security threats. It safeguard your valuable data including banking data by preventing you to land on fake or malicious websites aimed at stealing personal and banking information. Moreover, this type of app will also put a stop to the installation of fake and malicious applications on your device.