How Banks Can Better Plan their Strategies with Stress Testing

Have the banks come of age after the nightmarish 2008 economic crisis in which the economy nosedived?

Banks are required to address the issue of bad loans big time. In the last five years or so, the banks have been hit most hard by the Non Performing Assets or NPA; so much so that the figure has almost tripled. Neither has it increased significantly in other countries. It is apparent that they have not been able to adequately assess the risks they are exposing themselves to. Is this risk worth it?

Why stress testing

This is exactly why the banks should have stress tests come in. Stress tests are designed to understand whether banks have enough capital to survive adverse economic conditions. Stress tests can help identify banks’ risk appetite and mitigate the impact of market changes. Now, the 2008 global financial meltdown was a direct result of suboptimal stress testing in banks. Shaken, most global banks have adopted stringent stress testing practices to help manage their risks and protect themselves from economic meltdowns. They have also adopted modern and more professional approach to recruit bankers by making banking training in delhi a yardstick.

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Top-down or bottom-up approach?

Given the volatile economy in the country, the banks in India realize stress testing as crucial for safety. Some are already doing their bit to improve risk assessment. However, they aren’t doing it right. Following just the traditional top-down approach has led to inadequate analyses. The right mix of top-down and bottom-up approaches is the secret sauce to building resilience and keeping NPAs at bay. But to successfully implement the mixed approach, banks and financial institutions must address the following issues: cultural inertia, data quality, and standardization of industry and sector classification.

Get the most out of stress tests

Stress testing is not a mere regulatory exercise anymore. It’s not just about managing risks or surviving stressful times. Banks can use the insights from stress tests to make smarter business decisions and strategic choices, and boost profitability.

As bankers with a certification from academies like assk academy of business management can help banks set up the right framework to strengthen their financial systems across

  • Risk appetite
  • Risk management
  • Balance sheet management
  • Capital management

The banks can work with the businesses to implement the right stress testing framework—one that can capture complex risk sensitivities as well as help address data quality issues. By bringing together the expertise across people, technology and process, the banks can focus on the core areas to mitigate risks and strengthen your financial systems.

Banking is a flourished and the most well managed sector in any country but some of the financial crisis or even lack of proper implementation programs pose serious threat to its progress albeit temporarily. Therefore, it is high time the banks were governed at the grass root level to keep their business operations productive for a longer period of time regardless of the economic slowdown or boom.

Current Trends and Developments That Make Bank Jobs More Feasible

A stable career is what most youths would prefer at any given day especially when it is no secret that the creation of jobs in the public sector tends to remain a challenge which hits the hitherto regardless of the government regime in our country. Jobs in bank are one of the more flexible career options for many learned and qualified graduates. This has been further corroborated by the fact that the graduates from engineering and humanities have also taken keen interest on making a flourishing career in banking. So what makes banking so feasible? Let us find out.

  1. Career growth in both public and private banks- The banking sector is largely divided into two sectors; the public sector, the private sector. With this there has also been a rise in the foreign sector banks wherein a student can apply after completing their job oriented banking program in india. Public sector banks have been the very foundation on which the banking industry of India has thrived on. The private sector, on the other hand, has been identified as a technologically advanced in terms of their operational methods and offers better pay. Foreign banks, a relatively late entrant in the country are vied for the reason that it has excellent scope career growth not just in the native country but also in abroad.
  2. Bright future scope in future- Global banking practices are growing at a fast pace. Foreign banks have significantly expanded their business in offshore countries like India as they have a lot of investments at the bilateral trade level. This only adds to the opportunities for the student pursuing banking training courses. Recognition of talent is also one of the reasons why such banks are being the bright spot.
  3. Ever Expanding Sector– Whether there is an economic slowdown or a boom in growth, the banking sector successfully withstands them all. With the current government’s initiative to align larger sect of the population to banking, the banks are more than likely to open more branches in every possible corner of the country. This will only add to their potential to boost growth and profitability.
  4. Employment strategies- No longer does a bank launches its recruitment drive which aims at recruiting individuals without specialized courses such as 100 % placement banking courses. Nowadays the banks conduct not just for traditional job roles but also for various support areas such as introduction of e-cheque and truncated cheque instruments. The system of Real Time Gross Settlement (RTGS) has also picked up as far as the transaction trends among the customers go. Therefore, fund management and transfer activities are of equal importance. Likewise, tele banking is another rising avenue of banking sector as it creates demands for banking professionals who are skillful in banking on telephone. Mobile banking has seen a massive rise as well. Therefore, the banking sector has become one of the most customized sectors in recent years which have adopted methods to function in the most seamless manner.

If you are one of those who is aspiring to become a banker in near future, you had better get yourself the required certifications which gives you the competitive edge. Moreover, the banks in the public sector are also conducting recruitment through centralized systems such as the IBPS which does need the assistance of the private bank training academy in delhi .

What is the Scope of Jobs in Private Banks?

The banking sector in India is considered as the backbone of Indian economy. As India is heading towards the digitization of the banking system it needs extra manpower to reach the target. Currently more than 8, 00,000 people are working in PSU banks and much larger workforce of the banking sector work in private banks. With the growing economy and requirement of more and more banking services, it seems that the number of private banks will increase in India resulting increase in jobs in private banks.

Banks keep them upgrading with the latest technology. With the entry of much technology-driven banks and payment banks enhance the chances of jobs in private banks for graduates.

Scope in Private Banks:

Bank offers multiple vacancies such as clerks, management trainees, probationary officers, etc. Many other frontend and backend jobs available in the bank are bank telesales executive, financial service representative, financial managers, bill and account collectors, loan officers, audit clerks, bookkeeping, etc. It is seen that a large number of workforce is required to run such a giant business.

What Qualities are required in the Banking Sector?

Your job as a banker involves dealing with the numbers and a customer-centric approach at any given time. You will be involved in meeting with clients all the time. Hence, if you have good command over numbers and positive attitude, you can join banking. Some other qualities required are:

  • Excellent communication skills
  • Good analytical skills
  • Interpersonal skills
  • Can work in a high-pressure environment

It is a white choler job hence you need to dress up properly in formals and have a descent look as you need to interact with bank clients to provide solution and services for their queries.

What are requisites to become a banker/ how can you make a career out of banking sector.

You have to qualify the banking exam to get the banking job. To prepare yourself for banking exam you can join any private banking training institute. Make sure that you have strong analytical, numerical and communicational skills to clear bank exam.

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You should possess a graduate degree to appear into any of above-mentioned exam. The candidates will be selected on the ground of written test for:

  • Quantitative aptitude test
  • Reasoning ability test
  • General awareness and
  • Basic computer knowledge

To apply for the post of officer you have to clear an interview also.

What are the careers growths involve in the banking sector?

Growth is not a constraint for deserving employees who have the potential to prove their performance. As a result, knowledgeable and hardworking employees can move forward in their career. Most of the banks offer a chance to deserving employees to become General Manager in a period of 14 years or less.

Many banks that operate internationally have branches in other countries. Hence you can get an opportunity to work abroad in their respective branches. You may get a transfer in branches located outside India. It is seen that the banking sector provides more opportunity for growth as compared to other industries.

Quick Tips For Using Excel Better

As you know, Excel is one of the most comprehensive tools for working with spreadsheets, charts, calculations, and reports. Frequently adopted in the business world for better management of tasks, excel training institute in Delhi stated thatExcel is very much asked by its employees to know his knowledge.

Among so many features and importance, working with Excel is not always a practical task. Thinking of this, we have separated the tips 10 to use Excel more productively. Follow us:

  1. Transposing row data into columns

We often copy data from anywhere to Excel, or we open a particular spreadsheet received by email, but the information does not seem to be organized as we wish. A handy function in Excel is the transposition of data from rows to columns without having to re-enter the information manually.

  1. Context menu

You have used Excel daily and note that some features are used at any time. Therefore, it is evident that automating these resources with easy-access shortcuts would be a great time-saver.

By default, Excel offers three shortcuts in the top menu, namely: Save, Undo, and Enter text again. Therefore, go to File> Options> Quick Access Toolbar and add the desired shortcuts. At the end of the operation, click OK and check the result.

  1. Identify duplicate values

Have you ever received a long list of entries in your email and had you manually identified the existence of duplicate information? Note that by using the conditional formatting feature, you can quickly find out if a list contains duplicate data.

Excel Training

Then select it and go to Home tab> Conditional Formatting> Highlighted Cell Rules> Duplication Values.

Choose to format for the cells and click OK.

  1. Adjust lines and columns

It is very common to adjust the width of rows and columns in Excel to better organize the data entered. However, when you use this refusal manually, in addition to working, you may not be able to maintain a template in the dimensions of each row or column.

Thus, to adjust them quickly, select the cells that will receive the adjustments and access the options: Home tab> Format> Row height or Column width.

A small window will open to enter a value for the new dimension. In this case, enter the desired value and click OK.

  1. Quick formatting of tables

Formatting tables are considered a difficult task for many users. But if this task were simplified in a few clicks, it would be great, would not it?

With the Cell Style feature, you can get quick formatting of tables, including titles. To do this, select the table to format and access the options: Home tab> Cellular Stiletto and select the desired formatting.

Based on the tips given above, you can get better productivity in Excel activities for better results in reduced work time. Therefore, these simple tips by advanced excel training institutes in Delhi NCR can make a big difference in the quality of the work done by users.

How To Use Excel At Its Best: 7 Functions For Beginners To Improve Productivity

Beyond the activity and the size of the budget we all have had to use Excel or other spreadsheet software and, whether it was to analyze data, it was to schedule activities or keep a list of essential contacts email, we all came across some complicated and complex actions.

It’s time to learn some basic but essential tricks to use Excel by doing advanced excel training courses in Delhi, so here’s a good guide on how to use Excel: a real manual containing some tricks to simplify the main features you might need to maximize productivity.

Ready to find out how best to use this essential software? Let’s start now!

# 1 – Add multiple rows or columns in Excel

When handling a lot of data, you may need to add multiple rows and columns in a spreadsheet. 90% of people would calmly (and be patient) add them one at a time. But if the rows or columns to be added were tens or worse, hundreds? Doing it one by one would be suicide! Fortunately, there is always a more natural way.

# 2 – Use the filters in Excel

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The filters represent a tool that allows the user to find within a table more or less abundant in data, the information he needs merely and immediately.

If, for example, you have a document full of companies and addresses, but you only need the names of a particular province, the filters help you to identify what you need on the fly.

How to add a filter in Excel:

  • Enter your worksheet;
  • Select the area to which you want to apply the filter;
  • Click on the toolbar at the top (in some versions it may be under the heading “data”);
  • Choose sort and filter (in some versions the two functions are separate);
  • In the drop-down menu choose filter (the automatic one usually adapts to the vast majority of cases).

After these simple steps, next to each column title will appear an arrow pointing downwards that leads to a drop-down menu from which you can drive the filter.

# 3 – Remove duplicate fields in Excel

With the help of excel training course in Delhi, you cannot miss the description of the handy feature to remove duplicates, which allows you to check and delete data duplications in a spreadsheet.

To proceed in this sense after entering your worksheet, you must:

  • Select the area of data on which you want to check for duplicates;
  • Select the data tab in the toolbar and choose advanced filter where you will find the portion of cells selected for the control;
  • Check the unique record copy entry to hide duplicate values allowing you to view a copy of the information including unique values;
  • Indicate the area of the worksheet where you want to copy the filtered data;
  • Save the new list of values using a different name from the previous one to completely delete the duplicate values.

# 4 – Transpose data from rows to columns or vice versa, in a snap

Select the data to be rearranged (including if necessary also the row or column labels) and copy them (the keyboard shortcut is the famous Ctrl + C);

With the right mouse button, then click on the first cell in which the data will be pasted and choose the Transpose function (usually placed in the “Paste Special”), and you’re done!

# 5 – Conditional formatting in Excel

The conditional formatting function allows you to quickly highlight the most important data available within a spreadsheet according to specific rules. When the default rules are not sufficient to meet the individual needs of users, you can add a formula to a conditional formatting rule that simplifies the execution of operations.

Banks: Continuing Education Allows Progress

In the banking sector, career after b.com plays a key role. Continuing education allows these career progressions. In the era of digitalization and faced with the emergence of artificial intelligence, bank employees must also develop new skills to adapt their business, which is bound to evolve.

Evolution of professions and digitalization force, what new skills should bank employees develop in priority?

These evolutions are impacting all the banking professions; one cannot bring a single answer. If you look at the customer relationship business, which is about half the workforce, the significant change is that the advisor now has to work in an Omni channel environment. It must be able to intervene in a mostly digitized customer journey and bring timely responses and solutions tailored to the project and the profile of the client.

This, of course, requires having a solid foundation of digital skills (the banks agree in this regard significant investments), technical and regulatory, but also develop strong interpersonal skills to make a difference in terms of quality of reception, listening, support and advice in relation to digital solutions and artificial intelligence (AI).

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Finally, the business related to the customer relationship does not change in their fundamentals, it is the manner of exercising them and therefore the base of necessary skills that evolve.

Which are the professions of the bank most impacted by these evolutions?

Over the next few years, it can be estimated that three segments of the banking business will be primarily concerned by the need to develop new skills, with the aim of a specific effort regarding training. These are (in decreasing order of volume of the populations concerned):

  • Sales forces and customer relations professions which, with the development of artificial intelligence and the arrival of new players, will probably have to refocus the heart of their business on value-added expertise and advice;
  • Risk and compliance professions, artificial intelligence opening up new unsuspected possibilities in this area;
  • Activities related to data management, especially the customer journey, which will undoubtedly give birth to a myriad of new jobs.

But, of course, the other components of the banking activity (HR, support functions, etc.) will also be impacted to varying degrees.

What are the risks for those who would not want to train or who would be too late?

Through adapted methodology and à la carte training, the student gradually builds his project by acquiring skills in public finance, local government finance, finance and strategy, corporate finance and market practice, banking, and the stock market, finances, and probabilities, which can constitute as many specializations according to the proposed course.

Career opportunities

Holders of diploma courses in finance and banking are directly operational managers who work in accounting firms, auditing, and consulting firms; banks and insurance companies; Corporate Finance departments of major industrial and commercial groups. Depending on the context, there are positions as a financial analyst, account manager, an auditor in office, treasury manager, portfolio manager, sales trader.

Depending on the context, there are positions as a financial analyst, account manager, an auditor in office, treasury manager, portfolio manager, sales trader, etc.

Banking Career And Recruitment Advice

Expand your banking career! The banking sector makes it possible to carry out somewhat atypical careers, in particular by going through commercial functions in different markets, banking management, or support functions such as marketing, human resources or finance.

Example of a banking career

Among the multitude of banking careers in retail banking, there is still a typical path, that feasible agency and accessible to young graduates, it could be called: “the path agency.”

Start at the reception desk of the bank

Institute for banking and finance recruit their staff from two or three years of study to the position of commercial assistant at the reception. This first step is unavoidable in many French banks because it allows becoming familiar with essential banking products and services. The mission of the bank reception manager is to receive customers, give them savings and account management advice, carry out day-to-day operations. The receptionist must have a financial profile. Indeed one must be able to listen to the clientele and be a force of proposal.

Manage your first client portfolio

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The profession of a financial advisor is more complicated than the hospitality professions. The goal is to accompany the client in all the moments of his life. Ideally, the advisor starts with a general public whose cash flows and stocks are generally lower, such as students, younger workers, and more popular backgrounds. A global offer must be provided to the client to enable him to manage his expenses, save and insure for the day-to-day. It is also in this position that one realizes its first real estate loans, it must then be able to retain the customer and be educated in the face of many questions.

Develop skills and experience

The financial advisor can then move towards a so-called “higher-end” clientele with more massive cash flows and stocks to manage. The offer of banking products and services evolve with different customer needs such as life insurance policies, provident insurance, or retirement.

Professional evolution in banking

After 5 to 10 years of experience in a bank branch, the bank employee can move to more specialized trades. Wealth management to advise more affluent clients, the profession of customer relations professionals with tiny companies or management at the position of director of agencies.

High-end customer advice

If you are attracted to the retail market, the position of wealth management advisor can address much more complex banking techniques such as tax exemption, entrepreneurship or investment.

This job can be done in a bank branch, in a business center with a business manager, or a head office.

To work with a wealthy clientele, it is necessary to have experience in courses related to banking, mainly to answer specific heritage issues, and this sophisticated clientele may be challenging to address.

Evolution towards a more B2B relationship

Another possibility is to move towards the professional market. In contact with TPE (traders, craftsmen, and liberal professions) the professional client advisor must master a large panel of banking solutions for the client’s pro and personal sphere. To exercise this specialized profession, the banks offer in-house training, and a good diploma of the BAC + 5 level allows you to start in this position at the end of your studies.

Become a bank manager

To hope to evolve towards the management of a bank branch, it is necessary to master all the stages of the path agency on the market of the individuals, to know the market of the professionals and to have right notions of patrimonial management.

Bank Jobs: After Graduation, These Jobs Are For You In The Banking Sector.

Bank Jobs after Graduation: is an attractive field of a banking career. This field attracts young people due to the salaries and facilities available in the banking sector. In the banking sector, jobs must be read at least until graduation.

Commerce has consistently been known as a professional field, in which careers have many attractive opportunities. But due to the opportunities available after B. COM, it has become a belief that the scope of higher education in commerce is minimal. But this assumption is entirely wrong. After the B. Com, there are a lot of further studies and short term course for banking jobs available. Let’s have a glance at some of the critical options like this.

Accountancy & Finance

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Regarding the field of study, the centerpiece of the commerce is accountancy and finance. Although B. Com gives basic knowledge and understanding of these two subjects if you want to study them deeply, then after B. Com they can do any of these courses:

Chartered Accountancy (CA): Chartered Accountancy is considered to be the highest degree in the field of finance and accountancy. In the CA program, the student is given full knowledge of accounting, auditing, and taxation.

Certified Financial Analyst (CFA): The CFA Academic Program is for students who have a keen interest in financial systems and investments. In this course, students are taught Basic Accounting Standards, business Practices, Economic Policies, and Conditions.

Cost Accountancy (ICWA): Cost Accountancy course is for students who are interested in managing checks and balance mechanisms to manage the company’s cost and keep the company profitable.

Company Secretary (CS): If you are interested in managing company’s stock and investments, then you should do CS program. Company Secretaries work as a critical link between a company and its shareholders and handle the formalities of stock trading of the company.

Stock Broking: Another attractive banking course in Delhi after graduation is Stock Broking. If you have a sharp understanding of stocks, then you can earn as much as a broker. For basic training, you can join a stockbroking course, where you will be given detailed training on the purchase and sale of shares on behalf of individuals and institutions.

MBA Finance: MBA Finance is one of the most attractive academic options available for B. Com students. With an MBA degree with a specialization in Finance, you can start your career at a high position in any reputed institution.

Most students wish that they have their careers in the banking sector, but they do not fulfill their wishes because they do not know the right process. In such a way, we have brought for you the information that can prove to be very beneficial for you. Even after passing the 12th, many banks provide jobs, but most students do not know about this, so they lose the opportunity with their hands.

To get admissions in Diploma in Banking and Finance, the student must pass 50 percent marks in any subject of graduation. Many institutions also provide discounts of up to 5% to SC/ST and OBC. To prepare for banking, students prefer PG Diploma instead of two-year MBA after graduation, because only after one year course, they get an excellent job in banks

4 Reasons To Start A Career In The Bank This Year

In an increasingly aggressive market, shaken by waves of mergers and acquisitions that reduce the number of contenders, raising the level of competition between professionals and managers, the banking industry is bound to change rapidly. Career paths change, increasingly based on results rather than seniority. And the hunt for talented people from the banking and financial sectors is launched, with the promise of fast careers. If you change the institution.

Career-in-Bank-Job

Having a career in private banks in India is the dream of many: a prestigious profession that promises above-average earnings. But the doors of the banks do not open up to everyone. The increase in the complexity of financial and banking transactions require qualified preparation also for those who can already boast of work experience.

  1. Because it is finance, and finance will always be.

Money is something that will always be important and necessary. With money, we pay for purchases, invest currency in profitable industries and start a piggy bank in the form of a bank account. All financial transactions are conducted through the bank, the legal account is in the bank, loans in the bank and in general the bank is one big piggy bank for many people at once. The bank is one of the most sustainable systems. If there is no bank, there will be no economy. Here you will always have a job, and where work is there and stability! And if there is no economy, then you will no longer need work.

  1. Because banks are IT, and IT is our future.

Due to the fact that the bank is primarily engaged in finance and work with clients, there is still a need for economists, analysts, and marketing specialists. After all, to be able to talk about even the most intelligent technologies you need to be able to. So do not hesitate: the bank is an IT company in the future, in which it will be easier for you to merge and find your place.

  1. Career growth and opportunities

Although banks become IT, giants, they still need time to get stronger and fully settle in a technological society. And still, young specialists who are ready to take the initiative, learn new things and manage innovative projects. New directions are developing rapidly at a pace (because laggards often accelerate to catch up with those ahead) and if today you are an ordinary employee who tests innovative credit scoring method or introduces flexible management methodologies, after a year you are an expert in your business and manager department that started with you.

  1. Versatile experience

A bank is not about only money. This is a financial institution, which has marketing, accounting, information technology, legal departments and much more. Getting a Job in Private Banks in India is a separate world that can be a powerful start for your career. Here you will get experience in analytics, work with big data, fintech-development, in advertising companies with huge budgets, take responsibility and lead your own direction or project.

Banking Profession And The Advantages Of Banking Courses

Banking specialists are bank employees. The responsibilities of a banker depend on the position held. This is mainly work with clients: service, consulting on various issues, as well as analytical activities, planning, forecasting.

Features of the profession Banker

Stability is rightly considered the main advantage of working at a bank. Against the background of a turbulent and unpredictable market of commercial enterprises, which spontaneously appear and also spontaneously disappear, commercial banks are a bulwark of stability. In the banking system, it is realistic to quickly make a career takeoff.

Working in a bank, an expert chooses the path of development. If a manager wants to climb the career ladder and reach certain heights, he will use every opportunity: to seek to intersect in the work of his department with the directions of other banking departments, to perform tasks at the scheduled time, to linger after the end of the working day, in order to start doing the planned work time. There is a direct relationship between income and level of professionalism. The higher the position, the more serious the responsibility.

Advantages of banking

Place of work

A banking specialist trained by private banking training institutes can work not only in banks, but also in planning departments of various enterprises, investment design departments, financial institutions, insurance companies, credit organizations, exchanges.

Important qualities

A successful banker must possess such personal qualities as attentiveness, responsibility, purposefulness, initiative, readiness for self-education; efficiency, the ability to quickly find the right solutions; concentration, clarity in the performance of professional duties, discipline; thrift, the desire to earn money, not to spend it; interpersonal skills; ability to pursue a balanced policy.

Education in this specialty provides a set of knowledge in the field of:

  • Banking operations
  • Finance and money circulation
  • Bank accounting
  • Economic analysis
  • Accounting and organization economics (enterprises)

The bank training institutes in Delhi provides for fundamental and special study by students of the legal and organizational foundations of credit organizations, the nature and technology of banking operations and transactions, accounting rules in credit institutions, threats to banking security and measures to eliminate them, activities. A special place is occupied by training in the preparation of reporting on the activities of a credit institution, the application of methods and means of protecting banking information, processing primary accounting documents, maintaining synthetic and analytical accounting of banking operations in the relevant accounting registers.

Career steps and prospects

Higher education is a precondition for a career and an initiation pad for skill.

You can start a career in a bank from the position of a customer support service officer, a clerk, an assistant accountant. Salary of a novice specialist, as a rule, is low. But there is the possibility of career growth. Moving up the career ladder of a banker largely depends on the efforts of the employee, work experience, and level of professional development. During the year, you can become a middle manager (head of department). With certain abilities and aspirations there is an opportunity to become the head of a bank branch, deputy head of a bank, and director of a bank.