Digital Banking Marks The Beginning Of A New Era

One of the most vital smitten by the digitization bug is banking. We are no longer in the age when where analog systems are favored. Rather we have seen a 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.

It is about time the students of the job oriented banking courses got 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 touch points into a single experience.

So what makes digital banking so important in present times?

One of the chief factors which makes for a strong case for digital banking in India is the boom in cheap mobile internet data 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 chat bots 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.

Banking Sector – The Options Are Unlimited

Public and private sectors are getting jobs due to the expansion of banks and increasing business. New banks are also coming out; that is, good days have come again for the youth who dream of a bright career in banking.

Banks play an important role in strengthening the economy of any country. The Indian banking system has also given a strong economic base to the country. Government and private sector banks are increasingly spreading in cities as well as rural areas as per the instructions of the government and RBI.

According to the data, India’s banking industry today is around $ 1.34 trillion (Rs. 81 trillion), while by 2020, it is expected to become the world’s fifth-largest banking infrastructure. At present, there are more than one lakh branches of banks in the country. In addition, Indian banks have more than 170 branches abroad, while foreign banks in India have around 316 branches.

In addition, many banks are planning to open new branches. This is the reason that many opportunities for youth in the banking sector (public, private, and foreign) to get private bank training that are continuously coming up. Now, in addition to becoming a probationary officer or clerk in government sector banks, other options have also been opened. If you are a graduate in commerce, economics, or have an MBA-like degree in finance-marketing, then you can make a great career in private sector banks too.

Abundance of Opportunities

Currently, about seven lakh people are employed in public sector banks. A large number of these people will retire in the next five to six years. Vacancies of different banks are coming out to fill this gap. It is expected that more than 40 thousand vacancies will come in public sector banks in the coming days. Among them, there is a possibility of hiring at junior, middle to senior-level positions.

If you want to know how to get a job in private banks in India and if you have done graduation and want to go to public sector banks, then the IBPS exam will have to be cleared. At the same time, those who want to pursue a career in the specialized area of ​​banking (Retail, Investment, Wealth, Security), through private sector banks through campus recruitment, lateral hiring and consultancy can also find a career from There is a communication skill with an understanding of the Indian economy, commerce, accounts or finance, so why not take advantage of the newly created options in the banking sector?

Entry in retail banking

Currently, all banks, public and private, are paying special attention to the field of retail banking. It is an innovative financial service that every bank wants to offer to its customers. Be it insurance, online banking, savings account, personal loan, auto loan, debit card, credit card, or mortgage facility. In this way, as the number of products is increasing, the need for professionals to handle them is felt.

So those who have an MBA degree from Sales, Marketing, or Finance or are Graduates, then Customer Service Officer/Manager, Relationship Officer/Manager, Can take entry in it as a sales officer. Banks themselves train their employees according to work functions and industry through internal and online training. Private Banks also have their own resume bank where the youth can submit their resume. The bank calls according to its requirements.

Net Banking, Business Banking Gives New Heights To Career

Along with the private banks, the public sector banks are also providing a lot of opportunities for the youth. This is the reason why the demand for professionals in this area has increased.

A bank job is considered one of the best jobs. There are many departments in the bank which are quite thrilling. One of them is business banking. Indeed, today, a large population has their own bank accounts, debit-credit cards in their hands. There are facilities like e-banking and mobile banking. In such a situation, all banks and financial institutions are in need of professional people to strengthen their systems.

Public sector banks, along with private banks, have also created a lot of opportunities for the youth. This is the reason that the demand for skilled professionals has increased in this area. In view of this, now some professional courses like Certificate, Diploma and PG Diploma have also come into vogue by the bank training institutes in Delhi. This course makes the path of career in private banks easy, even in government banks, students preparing for PO, Clerk, RBI officers also give an opportunity to know the nuances of banking.

These are the sectors

  1. Corporate Banking Officer: The Corporate Banking Officer works to provide specially designed products in banking operations for business and large corporate clients.
  2. Credit Officer: The Credit Officer is in charge of evaluating the loan requirements of the corporate and SME customers of the bank. Major work is to evaluate the balance sheet, analyze the business, and interview the director before approving the loan.
  3. Cash Management Officer: The Cash Management Officer works to provide cash management services to established business customers and potential corporate customers. Assesses customer needs, analyzes their cost advantage and risk, and also recommends effective strategies.

It happens in the course

The Global PG Diploma in Banking and Finance is a one-year course. Under this, subjects like banking operations, wealth management, trade finance, forex are taught. In this course, students are given basic computer knowledge, training in how to work in business communication, and the stock market. How to become a professional banker and trader and how to work in any emergency and situation, the students are also trained properly.

Eligibility

Final year students in graduation from any stream can apply in this course. Students who have at least 50 percent in graduation can also easily apply in this course. Scholarships are also given to meritorious students.

Career and Placement

After the completion of short term courses for banking jobs, students start getting offers from big brands related to International Banking, Forex, and Treasury, Corporate Loans, Financial Research. Many international banks employ children of different skills on a good salary. Public banks mostly make appointments on the basis of all India level exams.

Bank-Finance: What Are The Profiles Sought To Be A Particular Customer Advisor?

What tuition to prioritize when we target the banking and finance professions? Many of you feel lost in the maze of existing courses.

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The most sought-after profiles are related to the intense activity of the retail bank. It employs three-quarters of the banking sector’s employees and accounts for most of the recruitments. If you have a business description, you have a good possibility of enticing recruiters. Indeed, positions, accessible from BAC + 2 level, in charge of reception in the agency, telecare, customer advisor to individuals and professionals are available. In addition to salespeople, recruiters look for specialists in risk control, audit or accounting. Your technician description can also find its place in banking companies as long as you plan to work on less known but equally necessary trades.

Commercial but also technical profiles

As a recent graduate, you are also popular with banks. You can enter the sector with a banking diploma of level BAC+2 to BAC+5, without experience. Companies have a variety of in-house training to train you in their culture, products, and services. Confirmed profiles are also sought after, especially in team management or investment banking, areas where some maturity is required.

Given the diversity of its businesses and their different degrees of complexity, the bank is, in fact, fond of many profiles. All must nevertheless understand that the bank is a service company with, ultimately, a customer. It means real commercial or at least relational skills.

To replace the many retirements, the bank is looking for not only recent graduates but also confirmed, with a profile of commercial preference.

Young graduates: Recruitment in numbers

The windfall of retirements. The grand-boom remains a boon for young graduates who want to enter the sector. Young people under 30 considered for more than two-thirds of new hires in 2008. And the trend should continue for a few more years. Retail banking is the most auspicious activity and is also the one that recruits the youngest graduates; so you do not have to worry too much. Especially since the sector prefers to take young people and train them internally.

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Different opportunities. If you enter the sector without experience, you will have a maximum of possibilities for the various positions of the retail bank, but not only. You can also orient yourself towards the support professions (project manager, network architect, risk manager, etc.) and the financial professions (management controller, middle-office manager, etc.).

If you specialize in financial mathematics, you will be able to hold the positions of a financial engineer or finance analyst. Confirmed profiles are more sought after for managerial ranks of the agency manager type, but also for jobs requiring banking and finance diploma, particularly on the investment bank side, such as the trader profession.

For technical profiles

If you have a more professional profile, nothing is lost! Banks have vacancies in their administrative services. In the back office and the middle office, you can intervene with payment methods, flows, transfers, documentary credit, etc.

Varieties Of Specialization In Finance

The specialization in finance is very demanded, although it is true that within it there are sectors of activity more in demand than others. Below we will see some of them give you the opportunity to choose which industry you would like to address. You already know that finance affects all areas of life, so the options are abundant. Are you ready to decide?

Variants of specialization in finance

Controller or credit risk analyst risk or responsible technician personal insurance etc. are some of the professional specialties currently most in demand the world of finance.

According to a study recently prepared by the banking and finance institutes, the crisis of confidence in financial institutions, their growing communication needs and a new paradigm of professional priorities of professionals are causing changes in the profiles most demanded by the financial sector.

For this reason, ASSK Institute has announced what the profiles that the sector currently demands the most are. They are the following:

Credit Risk Controller

He is the professional who is in charge of the analysis and control of credit risk of commercial banking, as well as making budgets and monitoring them. He is responsible for designing the different business management control instruments. Also, to elaborate on the annual budget and the strategic plan of the company.

Risk analyst

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In the second place in the ranking, experts place the profile of the ‘Risk Analyst,’ a professional who is responsible for conducting studies, proposals, analysis, and monitoring of the risks of 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

The Increasing World Of Private Banking Sector and Jobs

India has long been dominated by public sector banks, but private sector banks are no longer behind. These are increasing their services to the country’s financial markets. They are also playing their role in the economic development of the nation. These are providing all types of commercial services to different client groups.

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Indeed, today private sector banks are moving faster than public sector banks. Due to its superior customer service and schemes that meet individual needs, many domestic and foreign private banks have made their special place in the country’s financial market. As a result, today short term courses for banking jobs has become the first choice for many youngsters.

How are the appointments

Today, a large number of young people go with the goal of creating a career in private banks. The reason is that the pay structure here is very attractive and competition is easier than the Continue reading

Specialist in Banking- Best Career After B com

Banking is a specialty that is becoming more widespread. It is not surprising since the number of banks and banking organizations in our country is rapidly increasing.

Description

Specialists in the field of banking are quite in demand at present. They can easily find work in various organizations. They are recruited to investment organizations, financial institutions, credit organizations, exchanges. You can also get a job in an insurance company or the planning department of the company.

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Banking specialists can work in various structures of enterprises. Among the most popular are such departments: investment, lending, securities, dealing. There are also stock, legal, accounting and economic divisions. In all these departments specialists are needed. So you understand that if you associate your profession with this field of activity, then without work, you will not remain on condition of a successful graduation from a higher education institution.

The duties of specialists depending on the organization they are going to work for. For example, if it is a credit department, the responsibilities include: accepting applications for a loan, analyzing the financial state of the client, the reliability of collateral.

Also, an expert will need to examine business projects for which the borrower takes a loan, to control the use of funds, to monitor the security of the pledge. That is, such an employee ensures the protection of making a deal for a banking organization.

On what specialties to study?

For employment in a banking or financial organization, you will need to get a banking diploma in the specialty “Economics” and preferably finish the master’s degree in Finance and Credit. Specialists can choose two areas of future activity: financial and credit and Continue reading

Working in Finance Sector

Working in the banking and finance sector offers a broad range of possibilities within the same area, although specialization is also necessary. Here, we will look at the main job opportunities in the financial sector, how to get there and what profiles are the most demanded.

How to work in the financial sector?

If you are interested in the economy, banking or finance in general and would like to dedicate to it, the first thing is the banking & finance courses. As in all sectors, specialization can be the key to achieving the position we want.

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The main studies that can lead you to work in the financial sector are:

  • Degree in finance and accounting.
  • Degree in economics.
  • Degree in Economics and Finance.
  • Degree in Finance, Banking, and Insurance.
  • Degree in Business Administration and Management.
  • Banking and finance diploma

Also, to work in the finance sector, it can also be accessed through other non-economy-related careers, provided that there is specific additional training in the particular field in which it is to be worked (e.g., a mathematician With training in banking products).

Things-that-Everyone-Should-Consider-Before-Entering-the-Banking-Sector

The most demanded profiles in the financial sector

  • The controller of credit risk: they are the ones in charge of analyzing and controlling the credit risk of the Bank Commercial and budgets. The necessary training to access this position is a Master in Banking, economics, and finance or ADE.
  • Risk Analyst: study and monitor the risks that companies may have with banking companies. To work as a risk analyst, you need a master’s degree in Banking or specific training in risk analysis.
  • Technical responsible for personal insurance: they create new products and follow up on the client portfolio. Training is required along with banking and finance diploma.
  • Foreign trade manager advises companies that are customers in financial institutions with their activity in other countries. They are in charge of developing and managing international financing operations and need specific training in Foreign Trade or International Relations.
  • Analyst of risk models: develop mathematical models to apply to risk management in financial institutions. The necessary training is from banking and finance institute is required.
  • Quantitative market risk analyst: they are in charge of managing and developing corporate risk applications. It is needed mathematicians or physicists specializing in investment fund management.
  • IT Technician: develop applications and implement systems. IT training is required for banking.
  • Responsible for product: define the commercial and marketing plan and develop new goods and services. The necessary training is masters in banking or marketing.
  • Compliance Technician: manage and supervise compliance with the laws in force in each department.

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Financial agent: Finally, if you are interested in working in the financial sector, another of the profiles most demanded is that of financial agent, who manage the portfolio of clients independently guiding them in the intermediation of products of the entities in exchange for a commission. You need a master’s degree in banking or financial markets from banking and finance institute.