The Changing Course of Digital Banking

One of the biggest sectors smitten by the digitization bug is banking. No more are the analog systems in play thanks to the surge of voice-controlled devices and intelligent assistants such as Alexa and Siri. They have literally changed the norms for how people interact not just with information, but with brands.

Hence the students of the job oriented banking courses must be enlightened on its potential in the financial institutions, which are in the business of building relationships with consumers across channels. There is even a hike in spending among the financial marketers on personalization. But the big loophole has been that of the failure to amalgamate the online and offline touchpoints into a single experience.

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As voice technologies become ubiquitous, it has become a preferred method of conversation. More so because it can be switched between mobile, web, and voice interfaces, financial marketers won’t be able to afford a fractured customer experience.

Why digital banking has jumped in demand

The answer lies largely in the fact that India as a country has seen a boom in mobile internet since 2016 in pace that no could foreshadow. Add to that there has been a push in bringing all the quarters of the society under digital banking. Hence the banks in India as well as in abroad have been facilitating chatbots and other interactive methods of banking to hasten customer service. Besides being convenient in terms of time taken, it has also turned to be a fun way of learning about the process of banking.

Financial services within the banking sector have recognized the importance of personalized and consistent customer experiences. Artificial intelligence is another talked about innovation which is now made more transparent and explainable. They are being demonstrated by the use of right data architecture which is easily available for future use.

Therefore, the students of the bank training institute in Delhi must be sound enough in acquiring the knowledge of digital marketing. Though still moving at a relatively slow pace, the institute like ASSK has already set the studies of digital banking on course. These course modules have been structured in a way that it gives the students the most inclusive knowledge about digital banking.

A career in banking is a very lucrative option that most of the people would not want to miss out on. Hence, the sooner you start with training the bigger the advantage you get out of it in future.

Factors that a Banker/Bank Considers While Approving the Loan

The banking industry is known to many as the most reliable institution for fetching loans for various personal and professional financial needs. A loan is temporary provision of money usually at interest which has to be paid in a designated amount of time. While the job oriented banking courses in India do provide all the important educational aspects of banking, they also give some special insights about the entire loan processing and approval process as this department handles quite a lot of arduous tasks which include the screening of the borrowers, the documents furnished and even the credentials with regard to timely payment. Let’s discuss them all in detail:

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  • Credit history- As a professional with completed banking training courses, it becomes extremely important to check the credit history as it is indicative of your future repayment behavior such as the punctuality in repaying the loans. The longer the delay, the lower the score will be. Also, credit card score should also be maintained with no default in repayment. Generally, a credit score between 700 and 800 is positive whereas the credit score of less than 300 will increase the likelihood of your application being rejected.
  • Age- The age of a loan applicant is directly related to his loan getting approved. Generally, the applicant in the age group of 20’s and 30’s with a job or business of their own stand a higher chance for loan approval since they are financially stable and also have the potential to climb up the corporate ladder.
  • Income- The income is very much a reflection of your repayment capacity. Banks assess the income capacity in the backdrop of existing debt obligations, dependents, source, and duration. In this context, one of the many things the bank checks is sufficient surplus after EMI payments. If this is found wanting, the bank infers that you’re spread far too thin and likely to default. However, if the ratio is five times and above, the bank will consider you financially healthy. To strengthen your eligibility, they can also show additional sources of income, such as your spouse’s salary
  • Repayment: The banking professionals must check whether the eligible person is choosing a shorter repayment period as it stands a better chance of getting the loan approved. Several banks favor applications for a repayment period of up to five years. As the repayment period increases in five-year slabs – 10, 15, 20, and 25 years – the score reduces. So, keeping it short is the mantra in seeking that approval from a bank for a loan.
  • Margin money- This is one of the more crucial factor that the banking professionals finishing the short term banking courses in Delhi need to be absolutely sure about. Generally, banks are willing to fund up to 80% of the cost of purpose of the loan and expect the borrower to arrange for the balance. Moreover, the banking professionals also need to see if the borrower has a good existing relationship with the particular branch of the bank.

Know about All the Rates of Banking in India

If you are one of the aspirants willing to make big in the banking sector after finishing the job oriented banking courses, you must keep yourself informed about a few fundamentals in banking. Interest rates and price stability are the two such components of banking which must be studied to detail. As we all know, it is the monetary policy aimed at the supply of money in its economic system by its control over interest rates which maintain price stability and perform to achieve high economic growth.

In India, such apex bank is the Reserve Bank of India (RBI). It is responsible to maintain the price stability in India. Besides, there are many other objectives of the monetary policy of India, which are governed and performed by the RBI. Out of them, there are various types of rates which are variable as per the economic scenario of the country and are decided by the RBI time to time.

Repo rate 

Repo rate is the rate at which banks borrow money from the RBI to meet their deficiencies. Banks do pledge their holdings of government bonds as collateral and in against of it, banks borrow from the Reserve Bank of India. When the RBI decides to reduce the borrowing by the banks it increases the repo rate. This is done when the economy is overheated and needs to be cooled. Similarly, when the RBI wants to make it cheaper for banks to borrow the money, it reduces the repo rate. This is done when the economy is not doing too well. To put it simply, the reduction in Repo rate enables the commercial banks get funds at cheaper rates whereas the increase in repo rate discourages the commercial banks to get money due to the increase in rates making it expensive.

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Reverse repo rate

 Reverse Repo rate is RBI’s borrowing rate from the commercial banks. The RBI uses this tool when there are more than enough money floating in the banking system. This rate encourages the banks to give money back to RBI and earn some interest on it. This happens when banks don’t have enough consumers/ companies to lend the money to and money is lying idle with the banks. When the reverse repo rate is increased, RBI borrows money from the banks and offers them at a lucrative rate of interest. Hence, banks prefer to keep their money with the RBI which is absolutely risk-free in comparison to lending anywhere else.

Bank Rate

Bank rate is the rate of interest charged by the RBI against the funds lent to the banking system. This banking system incorporates commercial and co-operative banks, Industrial Development Bank of India, etc. If there is a hike in bank rate, the cost of borrowing of the commercial bank’s increases which results in the reduction in credit volume to the banks and hence declines the supply of money. When RBI increases the bank rate, it means it’s a symbol of tightening the monetary policy

A change from low to high Bank rate means the economy needs cooling down. In other words, the RBI would like to reduce inflation. A change from high to low Bank rate means the economy needs a boost. In other words, the RBI would like to increase inflation.

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 .

Work in The Bank: What Has Changed and What Are The Open Positions

The work in the bank has for a long time populated the dreams and professional ambitions of many graduates.

In the collective imagination of the old generations, banking was seen as a quiet, dangerous and above all safe sector.

Until a few years ago, the typical question of a recent graduate wishing to find a job in a bank was’ how to become a bank employee? ‘; currently, the most frequent question among young people approaching the sector for the first time is’ is bank work safe? ‘.

Things have improved a bit today, and the term ‘safe’ on the labor market is hardly used anymore.

Although the crisis has created many problems for the financial realities present in India, numerous banking groups seek specific profiles.

Open positions in the banking sector today

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From the media bombardment of the last few years an objective fact emerges: the operations at the branches have collapsed in a vertiginous way; however, this does not mean that banks no longer have any reason to exist.

Innovation and technology have brought merely a series of changes in the way we understand and “do” the bank jobs.

The customer’s needs have, therefore changed, which no longer needs to go to the counter to carry out certain operations, but which continues to require assistance and support, increasingly specific, by qualified professionals.

To align with the change, banking groups look for specialists able to follow the various customer segments, through a multi-channel approach, which does not go beyond Continue reading

Master in Banking, The Right Push To Enter The Bank

Taking a career in banking 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.

Become a professional in credit and finance

To become professionals in the credit and finance system, a wide range of specialist skills must be counted today. After a university career in line with the professional needs of banks (Economics, Statistics, Management Engineering, etc.) and a short practical experience in the financial or control areas, to access a banking role or for career advancement, it takes the right push.

And when we talk about “pushing,” we talk about banking courses in Delhi after graduation : the most appropriate way to consolidate and specialize their skills and to burn the stages of what could be, at best, a long professional apprenticeship.

The right training path

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For the choice of the right training path, it is essential to verify that the advanced training course is recognized at the national level and ensures the effective adherence of the preparation to the needs of professional skills of the banks.

Finding work in the bank: requirements and drafting of the curriculum vitae banking

Wandering a bit ‘on the web, among the various listings, it is easy to notice that job offers in the bank are no longer addressed only to graduates in economic or legal disciplines but range in the most varied specializations.

A requirement that has become essential is the knowledge of foreign languages, at least of English.

Generally, to know the open positions of a banking group, it is sufficient to access the institutional site and more specifically to the section ‘work with us’.

To apply spontaneously, it is required to fill in a form, through which to register your curriculum.

A further possibility is given by the announcements that refer to assumptions in the bank. They are readily available online, by typing on the search engines ‘job offers in the bank’ or ‘looking for a job in the bank’ or searching through the ads on sites like indeed, info jobs, monster, etc.

Whether you aspire to work in an online bank, or you want to find employment as a cashier at the counter in a traditional banking reality, it is essential to take care of the Continue reading

Banking Sector In India Will Give 10 lakh Jobs Post The Note Ban

The importance of public and private sector banks has increased due to the ban on the filing of nomination. According to a study by KPMG-NSDC, between 2017 and 2022, there are estimated to be about 10 lakh additional jobs in banking, finance services and insurance sector in the country. If you are interested in managing the rupee, then you can secure your career in this growing sector continuously.

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Banking has always been a safe field regarding careers. Continual progress and improvement in this area are also happening. Today a large population has its bank accounts; there are debit credit cards in hand.

There are facilities like e-banking and mobile banking, which have made the future of banking brighter. This is increasing competition among the banks. All banks and financial institutions need professional people to strengthen their systems further. Also, the scheme for licensing of new banks has increased the possibility of creating more opportunities in this field.

12th pass if you can get job opportunity in BSF

Better prospects

There are currently 26 public sector banks (including State Bank and its associate banks) in the country. There are also 25 private banks, including ICICI, HDFC, Axis Bank, Citibank. The number of foreign banks is too close to 43, whose branches are in different cities of the country.

Apart from this, thousands of branches of regional rural banks, cooperative banks, and commercial banks are also being run in small, medium cities and village towns across the country. All these banks are required for large-scale and regular professions. Given the rapidly growing banking business, it is estimated that by the year 2020, India will become the world’s largest banking hub.

Demand for banking training in Delhi

The sessions related to banking and finance are proving to Continue reading

Importance of Job Oriented Bank Courses in India

Banking sector is the core of any country’s economy and many also believe that it is the most stable industry that can even withstand the bludgeoning of financial meltdown. Every year, it is seen that the demand of job oriented bank courses in India continues to grow. The increase is seen not only from the aspirants from the metro cities, many hopefuls from the smaller towns too are on the lookout for banking courses in Delhi.

Banking job is usually considered to be the bastion of students with a background in commerce studies. However, there has been an interesting rise in the number of students from engineering and even humanities discipline who are ready to take on the challenge of getting through the competition to secure job in public and private sector banks.

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Various academies like assk academy aim at providing the students sound guidance and industry-specific training to help them crack recruitment exams and to also know the ins and outs of the banking industry. These courses

  • Have well outlined courses for students of post graduation as well as for those who are looking for banking courses in Delhi after graduation.
  • Job oriented banking courses in India gives an edge to the students as many private sector banks have toughened the selection process particularly in regards to the understanding of the industry. These courses are extremely useful to non-commerce background students to aquaint with the industry at faster pace.
  • Spoken English has become a prerequisite for almost any banking job across all the banks. Therefore, to instill the belief of getting grasp over the language, bank training academies in Delhi also provide English classes to help students get over the initial jitters about speaking English fluently. This helps in the development of pleasant personality.
  • Job oriented banking courses can also come in handy for CA and CFA professionals due to the fact that many CA firms are bestowed with the job of annual bank audits. Therefore, these courses add credibility to their work profile and organization at large.

It is the age of cut throat competition and every student wishes to cut the Continue reading

Ideal Training for Banking Courses

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What training to prioritize when we target the banking and job oriented banking courses? Many of you feel lost in the maze of existing courses.

“Banking” is one of the most popular and demanded specialties in higher education for the last two decades and, perhaps, will remain so for the near future. Despite the abundance of higher education institutions, it is not so easy to find a university that provides quality training in banking, taking into account modern realities. More on this in the article.

Why is it worth becoming a banker?

The banking sector is one of the most prestigious and promising professions regarding building a career. This direction is constantly developing, and therefore specialists in the field of banking will always be in demand. With the right choice of university, the student gets an opportunity to start work on the specialty during training and by the time of graduation get a solid work experience. Therefore, it is preferable to choose an educational institution that cooperates with large credit organizations and promotes employment of its graduates.

Education in the field of banking

There are various options for obtaining the education in banking.

Secondary – can be a good start for further admission to a higher Continue reading

5 Factors To Choose The Best Course in Finance

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With the rise and importance and need to study a program to specialize and obtain specific knowledge and skills that open the way to the business world, competitiveness makes this a perfect way to excel. Therefore it is essential to find the best Master and the job oriented banking program in India.

What factors can guide us when deciding the best courses in banking and finance? In this article, we leave you 5 Factors to choose the best banking courses.

Know the Objectives

It is very important to know where we are going. Therefore, whenever you are going to face an important decision in life, you must be very clear about the objective you want to achieve. Time is the most precious value you will invest in your entire life and managing it is not an easy task.

Facing a courses in banking and financemeans working to achieve the understanding and application of financial theory, understand and know how to use the management tools or enhance the management performance of the participants. Improve decision-making capacity in any field. Response to the needs and demands demanded by the market, in search of talented professionals like you.

Program and Modules.

If the objectives are important, the program and its modules will Continue reading